Comments on: Economist Intelligence Unit Bermuda Analysis

By: CommonSensenBda

CommonSensenBda — Fri, 23 Aug 2013 17:32:50 +0000

Mr. Famous always writes in his articles that he is for Bermuda and Bermudians.

However, it would appear by this comments that in actuality, his intent is to actively cheer and root for the demise of any of the O.B.A’s policies to turnaround the shoddy economy that they inherited.

While Mr. Famous can support however he wants in regards to a political party, remember Sir, the people…the voting electorate voted this party into power CHOSE them….unless of course, you would much rather advocate that every voter be forced to only be allowed to vote for your party, and anyone who won’t be summarily executed.

By: Bermuda123

Bermuda123 — Fri, 23 Aug 2013 13:27:40 +0000

This is a balanced assessment and shows the beginning of change in international business and investor confidence. Remember that a 10% fall is much greater than a 10% rise and it will take huge effort, commitment, time and talent to turn the corner. However, the building blocks are being put in place. Let’s pull together Bermuda because no one outside our shores will do it for us.

Forget the politics – a rise in the economy will benefit everyone

By: JD

JD — Fri, 23 Aug 2013 13:18:47 +0000

I think the point of a comment to a story is to add further thought to the content of the article, not just cut and paste the content that we’ve already read. Any idiot can do that.

“Bermuda’s competitiveness has been enhanced by the scrapping of the six-year time limit for foreign workers.”

Maybe you need to practice using the interweb a bit more.

By: Verbal Kint

Verbal Kint — Fri, 23 Aug 2013 12:58:52 +0000

An unbiased observers question for Chris Famous. Could the OBA do anything that you would not perceive in a negative light? I agree with some of your comment, but it is unfailingly in resistance to ANYTHING done by the OBA. No one and no party is always wrong. It shows little political maturity to criticize everything the new Government does. Cry “Wolf” enough and people will cease to listen. Then when you have a good idea, you will have no audience for it. You would do yourself and the Island a service if you would more carefully pick your battles.

By: aceboy

aceboy — Fri, 23 Aug 2013 12:50:48 +0000

Mr. Famous, what this shows is that investors are beginning to get their confidence back. The new incorporations ensure that those working at law firms and corporate service providers HAVE work and that work is increasing in volume. It contributes more than you think. But you’re arguing a very interesting point that conflicts directly with your musings in the Bermuda Sun. It would appear that you would favour international companies being formed to bring more ex pats to the island to boost the economy. In your rush to try and paint this article in a bad light you have actually agreed with the OBA in that we need to have more people here that are not from our shores.

By: campervan

campervan — Fri, 23 Aug 2013 12:47:37 +0000

I don’t suppose the negative comments aimed at the hiring of expatriate workers and the very real possibility of a return to power by the prior government fill prospective new investors with confidence.
There are other options out there. Which option has the most long term stability and the least potential for headaches?

By: Hopeful

Hopeful — Fri, 23 Aug 2013 12:35:18 +0000

Here we have the voice of the PLP telling us that they don’t want to see Bermuda turn the corner and get back on the right track.
If the OBA are successful in getting out of this nightmare that the PLP have created, they will not get back into power and that is all that is important to Chris Famous, power!

By: Malachi

Malachi — Fri, 23 Aug 2013 11:58:42 +0000

While it may be the beginning of an upturn, we must bear in mind that the fall from the top of the mountain happens far more quickly than the climb to the top.

By: watching

watching — Fri, 23 Aug 2013 11:42:20 +0000

Bob is saying everything is on the upturn and that we have turned the corner. Wonder how many people he has hired at his company?

By: Chris Famous

Chris Famous — Fri, 23 Aug 2013 11:28:07 +0000

However, many of the new international companies being formed are investment holding companies, which contribute little to the local economy in terms of employment or government revenue.

By: David Petty

David Petty — Fri, 23 Aug 2013 03:50:57 +0000

Good precis. Right on the mark!

By: Meeee

Meeee — Fri, 23 Aug 2013 01:12:35 +0000

This is a neutral outsider’s assessment of where Bermuda is today.

To sum it up, IB and its support services have shrunk and the style of doing business has changed.

Bermuda is now seen to be more ‘business friendly’ but this is unlikely to attract more of its Insurance mainstay to Bermuda because the Insurance industry has modified and streamlined its modus operandi.

Bermuda has to seek and get new business that will come to Bermuda and establish a Bermuda footprint that will create fresh, new, additional employment and employment opportunity.

In a conch shell, that’s the reality described by a faceless outsider who has no axe to grind, no party to support, and no a$$es to kiss.