July 22, 2015 (NASSAU, The Bahamas) – We welcome today’s decision by The Bahamas Supreme Court to deny Baha Mar’s application for recognition of its American Chapter 11 Bankruptcy of June 29, 2015.
In doing so, the Supreme Court vindicated the Government’s position, indicating it will provide the detailed reasoning for its ruling within 14 days.
Our Government has argued firmly that a Bahamian Court, supervising the work of an independent liquidator, is best suited to oversee the restructuring, completion and opening of the resort should Baha Mar, China Construction and Exim Bank be unable to reach an out of court agreement.
Our objectives continue to be the prompt completion and successful opening of the Baha Mar project. We are confident today’s decision will encourage all parties to focus on these goals. It is a matter of the greatest national importance for the resort to open as soon as possible, under private ownership and operation.
In that spirit, we endorsed yesterday Baha Mar, China Construction and Exim Bank’s continued efforts to secure an out of court agreement to complete and open the resort. The best way to guarantee the jobs of Baha Mar employees is to achieve a timely negotiated agreement, and we urge all parties to do so.
Until such time, however, we must continue to protect all Bahamians’ interests.
The Supreme Court’s decision sets the stage for a provisional liquidator to be appointed by the Court on July 31, 2015, should no agreement be reached between the parties. The provisional liquidator would be lawfully bound to have regard to the best interests of the Bahamian people, Baha Mar employees, Bahamian contractors, creditors, and investors in Baha Mar.
In the meantime, we encourage all parties to continue negotiations to secure an agreement on the completion and opening of Baha Mar. Along with Exim Bank, we are keen observers of the negotiations now underway between Baha Mar and China Construction.
Should Baha Mar and China Construction agree, they will then negotiate with Exim Bank the financial terms required to support their agreement. The Government of The Bahamas will also be an observer in these negotiations.
Once financial terms are agreed, we anticipate that all-party talks – in which our Government will be an active participant – can reconvene, leading to the resumption, completion and opening of the Baha Mar development. This is our sole intention.
Rich Nations told to pay for Climate Change, Mia Mottley bring another charged speech to World Leaders
By Shanieka Smith
#Barbados, June 25, 2022 – Prime Minister of Barbados, Mia Mottley, unapologetically laid the blame for the climate crisis on wealthy nations. She said it is long past time for them to compensate countries undergoing the effects of climate change. Motley expressed her thoughts and made the request in New York, where she joined a panel on sustainable development at the Global Citizen NOW summit with Canadian Prime Minister Justin Trudeau and Bill Nye.
“We’ve been carrying the costs on our balance sheet of your behaviour…”We’re not asking for the world. We’re saying: Look, put some money down and help us,” she said.
Barbados is battling rising sea levels, which threaten the water supply and encroach on coastal communities. The World Health Organization has also warned that sea-level rise and changing weather could put immense pressure on freshwater resources. However, this has not been a result of Barbados, which accounted for less than 0.01 per cent of global carbon dioxide emissions in 2020.
Mottley expressed that the reason for the issues of climate change is the G20 nations, including the US, UK, China, Russia and the EU. The countries that have released the vast majority of the emissions heating the planet.
“That’s what”s put us in this position,” she said.
To emphasize the effects of climate change on the island, she added, “Can you imagine going to a restaurant next to a place full of sargassum seaweed smelling?” “You’re not gonna go!”
Meanwhile, the heavy polluters are better equipped to deal with the consequences of climate change, and smaller developing nations in the Caribbean are forced to battle climate extremes with very few resources.
“It would be not so bad if we had 25, 30 years to adapt. Instead, we’ve got 12-13 years, according to everyone,” she said. This is approximately 144 months.
Motley said that mitigating the issue is not simple and that it comes with obstacles like Covid-19 and Russia-Ukraine. She said, however, that we have to “push past the pain.”
She added, “the issue is, will we get there fast enough to save those of us on the front line?”
Why Jonquel & WNBA Ladies get LESS PAY than Klay & NBA Guys; its forcing ladies into risks abroad
By Dana Malcolm
#USA, June 25, 2022 – Being a player in the NBA is probably one of the most lucrative jobs that one can imagine. Though better players get better salaries those salaries range between 900 thousand dollars for the lowest-paid players to up to 45 million for the highest-paid players but it is the NBA that ultimately decides how high salaries can go.
The total amount of money any team can spend on their players’ combined salaries is set by the NBA. The teams then decide what to pay their lowest and highest-ranked players. For the 22-23 season the cap is $122 million.
For example in the 2021-2022 Champions the Golden State Warrior’s lowest salary will go to Shaun Livingston, a guaranteed $1,333,332. Their highest salary will go to Stephen Curry, a guaranteed $45,780,966. This is in addition to sponsorship deals that can rake in millions of dollars for in-demand players.
In the WNBA 2021-2022 season, Brittney Griner earned a base maximum salary (without sponsorships) of $221,450. That is the highest salary in the WNBA. One of the best players in the league, Griner is paid four times lower than an NBA rookie.
This is true for women across the board, including the Bahamas’ Jonquel Jones. Jones is one of the highest-paid players in the WNBA and is regarded as one of the most prolific. Her salary is 208,000 per year.
Recently Griner was arrested in Russia for a small quantity of marijuana; she was there because she outsourced herself to the Russian team UMMC Ekaterinburg to have a chance at earning more money.
Grand Bahama’s Jonquel plays for the same team and says she can’t turn her back on the international leagues because the salary is just not comparable. Two months ago she expressed the stress of traveling through Russia on Twitter.
“Just landed in Turkey and all I want to do is cry. That situation was way more stressful than I realized. Thank you God for always watching over and protecting me.”
Despite playing in China and Korea she said she never felt unsafe until the war describing it as “unprecedented.”
Despite the stress and danger, she told ESPN she was just going to have to deal with it.
“While the [WNBA] is making the right and necessary strides to pay us more and ensure that if we don’t want to go overseas, we don’t have to, I just feel like in my situation, the money is not comparable. I have to think about the financial status of my family and everybody else, and also the opportunities that I’m leaving if I don’t go.”
Remembering Griner Jones said “I’ve been looking at these pictures that I have on my phone, the last set of pictures I took with her we were going to Valencia or wherever. We were all just joking and laughing around and stuff, and it’s just crazy how fast things can change.” While she has hope things will change she says it probably won’t be in her playing years. For context, Jones and Curry are both power forwards.
In 63 appearances in 2020-21. Stephen Curry averaged 32.0 points, 5.8 assists, and 5.5 rebounds. In 17 appearances in the same year, Jones has averaged 15.1 points, 9.4 rebounds, and 1.9 assists. The men’s league plays over 1000 matches per year. The women play under 300 WNBA and NBA players are comparable in talent so why is the pay so low?
Viewership plays a major role. More people watch the men’s games than women’s games, millions more which means a lot more money for the NBA. But this is not the only reason.
“The president of the WNBA thinks that one of the reasons men are paid more than women is that 50 percent of the NBA’s revenue is shared between the league and the players; however, there is about an 80-20 split for the WNBA. This means that the players only receive about 20% of the WNBA’s total revenue” says one academic paper done on the wage disparities in 2020. The study also referenced the 1,230 games men play each season compared to the women’s 204.
The WNBA has quality players with star value just like the NBA. The issue of lower revenues can be solved in great part, by better publicity, more games on the roster and lower age ranges for players.
Drumming up excitement, seeking out sponsorship deals, greater publicity, and all-star face-offs between the NBA and WNBA are all genuine possibilities that could prove instrumental indrawing tv viewership and courtside attention.
Until then stars like Griner and Jones will continue to relentlessly outsource themselves and play all year round for a piece of the pie their male counterparts take home in a single season.
TURKS AND CAICOS ISLANDS POST CABINET MEETING STATEMENT
#TurksandCaicos, June 25, 2022 – Her Excellency the Acting Governor, Anya Williams, chaired the 19th meeting of Cabinet on Wednesday 22 June 2022 in Grand Turk. All other members were present.
At this meeting Cabinet:
- Approved the terms and conditions for an application from a land surveyor for a licence.
- Approved the making of the Revised Edition of the Laws 2021 (Commencement Order) 2022 subject to the approval of the House of Assembly; laws will be now be made available free of charge to members of the public on the Attorney General’s website. Physical reproductions will continue to be sold.
- Discussed proposed amendments to the Insurance Ordinance as drafting instructions to the Attorney General’s Chambers and consultation with the industry.
- Approved for the Insurance (Amendment) Bill 2022 to be introduced to the House of Assembly as soon as possible.
- Approved the revision of the Anti-Money Laundering Committee Budget for the Financial Year 2022/2023 for office furniture and supplies; confirmed annual payments for the annual membership costs to the Egmont Group of Financial Intelligence Agencies (FIA) and annual costs of the FIA’s travel costs for the Egmont annual meeting.
- Approved a three year rental lease agreement for the relocation of the Ministry of Tourism, Environment, Fisheries and Maritime Affairs, Culture and Heritage, Agriculture, religious Affairs and Gaming, and the Tourist Board and Department of Culture in Providenciales.
- Approved a lease agreement for a temporary HQ for the Turks & Caicos Islands Regiment in Providenciales.
- Was updated on the proposed merger of NIB/NHIP Compliance and Collections. Further consideration was requested before Cabinet can take a decision.
- Noted the award of the following contracts in line with the provisions of the Public Procurement Ordinance:
- PN 005600, TR 21/48, Furniture and equipment for Mental Health Facility – Grand Turk
- PN 005611, TR 21/30, Ballistic Vests for the Royal Turks and Caicos Islands Police Force
III. PN 005614, TR 21/37, Bellefield Landing Civilian Safety Project – Safe Boat Slips
- PN 005627, TR 21/53, Furniture and Equipment for Public Works Programme Management
- PN 005630, TR 21/08, Vehicles for Government (resubmission)
- Approved for a request from American Airlines to waive the import customs duties and customs processing fees for replacement parts for an aircraft that had an emergency landing on Providenciales to be forwarded to the House of Assembly for consideration and approval.
- Noted a paper from the Turks and Caicos Islands Airports Authority (TCIAA) for legislative amendments to be made to the TCIAA Ordinance to regulate industrial action by employees of the TCIAA. Cabinet requested further consideration. Proposed amendments will be considered by the House of Assembly for approval in due course.
- Approved the grant of a long lease to an applicant for a funeral home and cemetery on 60003/231 PT (2.5 ACRES)
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