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Historic Bahamas Fair Coming to Collins House in February

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Nassau, 12 Jan 2016 – Hundreds of Bahamians are expected to pack the grounds of Collins House on Shirley Street Saturday, February, 6, 2016 when The Historic Bahamas Foundation and a dozen sister NGOs host the first fair of its kind – a trinkets to treasures sale and extravaganza with shared proceeds benefitting more than a dozen causes and thousands of Bahamians.

The Fair, a fund-raiser for the Historic Bahamas Foundation to assist with the restoration of historically significant sites, will give locals and visitors a chance to come face to face with live entertainment while browsing booths filled with fine art, rare books, antiques, one-of-a-kind furniture pieces, collectibles, electronics, and other treasures.

“When we first discussed raising funds to assist with the restoration of important historic sites that need tender loving care to secure their preservation, we wanted to do something fitting that would combine the past and the present but reach the general public who often overlook the value of the physical heritage,” said Diane Phillips, a director of the Historic Bahamas Foundation and Chairman of the fair. “We hit upon the idea of a fair with art, antiques, books and collectibles, and then thought, why not include other organizations that would bring collectibles, art and goods and share in the proceeds, giving them a chance to raise funds while adding to the array of interesting items available for sale.”

The response, according to Historic Bahamas Foundation Chairman Owen Bethel, was more than encouraging.
“Between the time that we began planning the fair and now, much of the southern Bahamas was devastated by Hurricane Joaquin,” said Bethel. “Several of our original participants were deeply involved in hurricane restoration efforts so we rescheduled the fair, originally proposed for November, to February and the charitable organizations and causes that have now signed on represent a broad spectrum of associations ranging from feeding to education and we are very pleased about the extraordinary level of participation.”

Among the groups participating are Links, Historic Charles Towne, Bahamas National Feeding Network, the Sickle Cell Association, Red Cross, Blairwood Academy and its outreach program for Adelaide Primary, the Anglican Diocese Cofambia program, and others.

In addition to activities at the fairgrounds in the gardens of Collins House at Collins Avenue and Shirley Street (entrance on Collins Avenue), there will be an online auction set to go live two weeks ahead of the fair. Among the prizes for the auction are fishing trips, a weekend for two at Grand Isle (private donor), annual family membership to Ardastra Gardens, $1,000 in Super Value shopping vouchers, coupon books for Starbucks, a voucher for John Bull’s Perfumery; a Go Kart (donated by David McLaughlin), the waiving of engineering and architectural fees valued at up to $35,000 for an Arawak Homes residence, Kelly’s Home Centre voucher, dinners for two at Café Martinique and Seafire (donated by Atlantis), a Segway family tour, a luxury watch, chocolates, and cigars from Graycliff, dinner for two at Old Fort Bay; a weekend pass at Albany, a Harl Taylor bag; two tickets for Bites of Nassau Cultural Tours, six sessions with a top personal trainer; and designer furniture.

The fair begins at 10 am, with an official opening ceremony set for 1 pm with the Royal Bahamas Defence Force Rangers Marching Band and other officials, and will continue to 4 pm. Entry is $1, donated to the Rangers program. Food will be available from a variety of vendors and there will be entertainment, including a bouncy castle, for youngsters.

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UK Prime Minister Liz Truss forced to break tax cut promise

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By Dana Malcolm

Staff Writer

 

#UnitedKingdom, October 6, 2022 – A month into her tenure as Liz Truss, UK Prime Minister is going back on one of her biggest campaign promises to cut taxes for certain British citizens.

The tax cut in question had been part of the PMs signature campaign to ease the economic burden in the UK and one that she and former Finance Minister and candidate for Prime Minister Rishi Sunak had repeatedly clashed about. It would have seen the top earners, meaning anyone bringing in over £150 thousand a year, pay less money to the government.

Unfortunately the plan rocked Britain’s economy pushing the pound on par with the US dollar for the first time in years.

It is an economic blow, and at a time when families are already struggling with incredibly high energy bills and inflation. The money to find these tax cuts would have been borrowed an idea that her own party signaled it would vote against.  In addition to the economic impacts British citizens had also been strongly opposed to that facet of the economic plans.

In letting go of the tax cut, Truss said, “We get it and we have listened” the admission coming days after she defended it to the public.

Still there are parts of the larger package that will still go on which will afford tax cuts to lower income families and put a cap on energy costs.

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Bahamas News

Regressive recession looming, forces UN to issue Cease and Desist message to ‘big’ countries

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By Dana Malcolm

Staff Writer

 

October 6, 2022 – Central Banks in advanced nations must stop pushing up interest rates now or risk sending the globe into recession where developing nations suffer most according to the UN.

In the last several months, The U.S. Federal Reserve, the Bank of England and Bank of Canada have all spiked interest rates in an effort to control borrowing power, buying power and possibly push down inflation

A new report from the United Nations Conference on Trade and Development is warning them to cease and desist.

“The world is headed towards a global recession and prolonged stagnation unless we quickly change the current policy course of monetary and fiscal tightening in advanced economies.”  It said, mincing no words, the agency described the potential global recession as ‘policy induced’ by developed countries.   And this recession could be worse than the 2008 crisis.  This is especially true for developing countries like those in the Caribbean.

“While all regions will be affected, alarm bells are ringing most for developing countries, many of which are edging closer to debt default.” The agency said.

And if it happens the recession could set developing nations back years in the struggle to increase their standards of living.

“As climate stress intensifies, so do losses and damage inside vulnerable economies that lack the fiscal space to deal with disasters let alone invest in their own long-term development— The global slowdown will further expose developing countries to a cascade of debt, health, and climate crises.”

If the globe proceeds as is the world will lose 20 percent of its income by and push developing economies growth rate below 3 percent which the UN says  is ‘insufficient for sustainable development’

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Caribbean News

Inaugural FinTech Conference on now in Barbados

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By Sherrica Thompson

Staff Writer

 

#Barbados, October 6, 2022 – Barbados is now hosting the first-ever global fintech conference in the Caribbean.

Over 300 delegates from across the globe and varying sectors within the industry will be attending the event. It began on Wednesday October 5, concluding October  7 and is being staged at the Hilton Barbados.

The Fintech Islands conference will feature renowned fintech leaders delivering key addresses and over 20 hours of curated content. The mandate of the event is to create a world-class event that will be a catalyst for the growth of the fintech ecosystem in the Caribbean.

One major highlight of the conference will be the welcome address by the Prime Minister of Barbados, Mia Mottley, who will also host an exclusive VIP meet and greet.

Some of the major themes of the event that are relevant to the context of the Caribbean venue are Financial Inclusion, Climate Fintech, Cryptocurrencies and Decentralised Finance and Embedded and Open Finance.

The event will have a range of speakers from founders, CEOs and fintech leaders from North America, Latin America (LATAM), Europe and Africa.

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