Comments on: Loan Guarantees, Financial Assistance & More

By: Infidelguy

Infidelguy — Mon, 02 Oct 2017 21:01:59 +0000

Excuse me, but this seem like Deja Vu…..again!

By: Zevon

Zevon — Thu, 28 Sep 2017 00:18:00 +0000

Non issue. Most expats have company pensions. But if it makes the government feel useful, why not.

By: Sickofantz

Sickofantz — Wed, 27 Sep 2017 21:07:28 +0000

I presume you are talking about the pension contribution that companies have to pay to Bermudians.

By: Sickofantz

Sickofantz — Wed, 27 Sep 2017 21:06:13 +0000

Also it is much cheaper to pay a foreigner because they don’t have to pay their pensions.

By: wahoo

wahoo — Wed, 27 Sep 2017 20:44:04 +0000

FIIK.

By: Spit Bouy

Spit Bouy — Tue, 26 Sep 2017 21:26:15 +0000

Spider, do you run a business in any of the fields that you mentioned??? I doubt it. If you did you wouldn’t
have wasted time writing what you did.

By: steve

steve — Tue, 26 Sep 2017 20:59:24 +0000

why locals dont take these jobs? We all been over this a thousand times, The PLP know why and they are hoping to change it while never publicly admitting it. Every business owner black,white,expat and local has told them strait up.

By: Toodle-oo

Toodle-oo — Tue, 26 Sep 2017 17:34:08 +0000

And that $800,000 double payment that we never seemed to get to the bottom of .

By: Dunn Juice

Dunn Juice — Tue, 26 Sep 2017 17:12:33 +0000

Doesn’t look like one PLP supporter has remarked on this topic, good nor bad.

Come again Zane!

By: Rockfish#1 and#2

Rockfish#1 and#2 — Tue, 26 Sep 2017 16:45:31 +0000

While on this topic, what is the plan for Sandys 360?

By: Jus' Wonderin'

Jus' Wonderin' — Tue, 26 Sep 2017 14:11:58 +0000

BERMUDIANS CAN’T BE BOTHERED TO TAKE CLEANING JOBS OR OTHER MENIAL JOBS SUCH AS WAITERS ETC OTHERWISE THEY WOULD BE THERE! Don’t get paid enough and hours are crap hence why foreigners do it lmfao…it’s not rocket science bra

By: Guy Smiley

Guy Smiley — Tue, 26 Sep 2017 13:44:28 +0000

People on FA have cell phones and a paid cell phone bill. Say what?!

By: Guy Smiley

Guy Smiley — Tue, 26 Sep 2017 13:43:22 +0000

Don’t kid yourself. Bermudians show twice and realise how much work it is and they don’t show again. Businesses can’t operate like that. Companies would LOVE not to have to go through immigration and the added expense and bs it takes to get work permits approved. If you are willing and able to work and put in effort you will always have a job on this island.

By: Spit Bouy

Spit Bouy — Tue, 26 Sep 2017 11:04:12 +0000

Yup, Wahoo. It’s like groundhog day, fasten your seat belt, it’s about to get really bumpy again.

The sad part is the same taxpayers that these jokers claim this is designed (coughs) to help will be the ones who are negatively impacted as they and their children will bear the brunt of paying back any loans that fail to be repaid. Sighs

By: Spit Bouy

Spit Bouy — Tue, 26 Sep 2017 10:56:37 +0000

Simple, the tax payer is on the hook, again.
Though the details haven’t been worked out yet the threat of this being a cash free for all which will cost the taxpayers dearly (again) is surely the eventual outcome of this. One things for sure though, the plp are not short of bad ideas.

By: Spit Bouy

Spit Bouy — Tue, 26 Sep 2017 10:48:40 +0000

Imagine the reaction if the OBA had called them entitled.

By: Mother Theresa

Mother Theresa — Tue, 26 Sep 2017 09:07:48 +0000

I love the idea of making individuals get more educated or further developing their skill set so that they are more employable. You can’t make this s#!? up!

By: Mother Theresa

Mother Theresa — Tue, 26 Sep 2017 09:05:26 +0000

They never owned what they did. Blamed it on the “world recession”.

By: Mother Theresa

Mother Theresa — Tue, 26 Sep 2017 09:03:59 +0000

Yes it is….

By: Cremated the Economy First Time - Second time lucky

Cremated the Economy First Time - Second time lucky — Tue, 26 Sep 2017 03:58:04 +0000

Half mill every day on interest only. Promised and provided by this Government. Who trusts them to get this right? Can we take a chance? Doesn’t matter anyway, they can pass anything in the House. People will tune out of the process, Goverment will overstep again and Bermudians will leave on the same planes as the expats, as they have since 2006.

By: Vote For Me and Your Loan is Free

Vote For Me and Your Loan is Free — Tue, 26 Sep 2017 03:23:40 +0000

LOL, InZane, did you have someone read your speech before? I quote, “Former governments have provided financial guarantees for wealthy sports competitions and tax exemptions for restaurants, nightclubs and retailers” When talking about wealthy sports we know you were taking a cheap shot at AC. Childish. The problem is that the PLP was in power for 14 years and NEVER EVER had a single event of any kind that was as popular with tourists and locals. No event or tourism campaign that they endorsed came close to getting the media coverage, and attention that AC got especially considering it was a 5+ week even broadcast in every market. And we all know where every penny went.

the funny part is that you go on to talk about tax exemptions for restaurants, nightclubs and retailers” . The PLP did all of these things themselves! WTF! In fact, because the economy was so bad the PLP removed payroll tax for retailer altogether!
So, I ask did you forget about this? Were you not paying attention? Are you just being deceptive and devisive or do you think the public are stupid?

How about you do a comparison. Lets look at AC35 and costs. Show us where the money was spent. (construction, telecommunications transport, infrastructure, advertising etc)and show us our return on investment and even how much was overspent or “unaccounted for”. Now lets look at two other projects that you are personally familiar with, Port Royal GC and Cruise ship pier and do the same!

The people wait! Something tells me you will pretend you didn’t read this.

By: Jose

Jose — Tue, 26 Sep 2017 01:12:52 +0000

That’s it spend spend spend yihhaaaaaaaaaaaaa

By: Onion

Onion — Mon, 25 Sep 2017 23:53:55 +0000

It’s also to do with the aftermath of the PLP economy. Jobs are only now improving after the massive declines under the later PLP years.

By: Onion

Onion — Mon, 25 Sep 2017 23:52:58 +0000

It’s bizarre. It’s like the PLP have completely forgotten what they did.

By: spider

spider — Mon, 25 Sep 2017 23:11:56 +0000

$50 million per year is a drop in the bucket compared to the $500,000 per day on debt service. Zane find someone else to pick on!!!

By: spider

spider — Mon, 25 Sep 2017 23:06:22 +0000

The fact that Government is spending $50 million on financial assistance is not necessarily a fault of those on assistance. Blaming the victims when Government has had failed employment policies for years, look at the numbers of Jamaicans and Canadians and Phillippino’s working. Do you think Bermudians on assistance wouldn’t take a cleaning job,or a landscaping job or a housekeeping job. Why do you need 3 years experience to be a cleaner or push a lawnmower you only need one supervisor on site and a two day training class should enable a Bermudian to be competent enough to get by. Why are there foreign waiters in hotels and restaurants? Aren’t Bermudians good enough? Why not train Bermudians for these positions it’s not like training someone to be a doctor, how difficult could it be. Has there been a survey of those on assistance to find out what patterns are predominant. Seeing a number and assuming it must be those on assistance’s fault is backwards. It also reflects a negative attitude towards those who need help. If Government fixed their policies we wouldnt have a few hundred foreigners here doing low skilled jobs.

By: aceboy

aceboy — Mon, 25 Sep 2017 22:39:20 +0000

How does providing loans for facilities upgrades and youth programs become an investment?

If you gift the money to them THEN you can claim you are investing in the community.

Loaning money to them, or providing guarantees that government will HAVE to pay out on because unless the upgraded facilities create additional income there will be no additional funds to service the loans, is going to end up bankrupting the clubs.

Is someone eyeing up some land that will be for sale in a few years?

By: Stevie

Stevie — Mon, 25 Sep 2017 21:57:16 +0000

Desilva & the rest of the Plp suffer from short term memory loss.

By: jt

jt — Mon, 25 Sep 2017 21:34:15 +0000

Will there be full disclosure as to how loans each loan is utilized and repaid as well related job creation and financial accounting?

By: Portia

Portia — Mon, 25 Sep 2017 21:25:44 +0000

The majority of people on FA are actually seniors. We have baby boomers retiring and getting older, that’s why the expense has grown to 50 million. That isn’t really something you can legislate to fix. It’s the cost of living in Bermuda that’s the problem.

By: the real Terry

the real Terry — Mon, 25 Sep 2017 21:13:38 +0000

Yes Minister, your former government also guaranteed the $200 million note for the Bank of Butt. and if the Canadian Bank and Investment Co. hadn’t stepped in they would have defaulted and we would have been $200 million further in debt. Have grave concerns about any loans you might back. I think you can count on Corporate Bda. passing on this Bigly LOL

By: steve

steve — Mon, 25 Sep 2017 20:42:46 +0000

“were going to build a wall and Mexico is going to pay for it”

By: Wahoo

Wahoo — Mon, 25 Sep 2017 20:37:06 +0000

The one thing I love about plp is that they are real easy to make fun of. The scary thing is that they are our government…..

By: Wahoo

Wahoo — Mon, 25 Sep 2017 20:28:17 +0000

Why don’t we get biu to chip in they gotta be flush with cash after all these years…has anyone got those financials?

By: Real Onion

Real Onion — Mon, 25 Sep 2017 20:06:02 +0000

Dejoka Silva.

By: Jus' Wonderin'

Jus' Wonderin' — Mon, 25 Sep 2017 19:42:25 +0000

What a joke lmfao! Loans that will never be repaid back and asking Corporate to help support people that can’t be bother to go back work. Kiss IB goodbye!

By: Wahoo

Wahoo — Mon, 25 Sep 2017 19:39:29 +0000

De people all bought a membership at port royal and grand atlantic a few years ago but we don’t get to go there for free.

By: Reuben

Reuben — Mon, 25 Sep 2017 19:35:51 +0000

And if they default on the loan what happens then??

By: Wahoo

Wahoo — Mon, 25 Sep 2017 19:35:45 +0000

Drug testing for all MPs every Friday and a lie detector test once a month please.

By: nerema

nerema — Mon, 25 Sep 2017 19:24:50 +0000

Oh yeah, for the people. As long as you don’t need financial assistance.

By: It's only just begun

It's only just begun — Mon, 25 Sep 2017 19:07:04 +0000

Wonder which one will get renovated first..

By: Onion Juice

Onion Juice — Mon, 25 Sep 2017 18:55:15 +0000

De Party for de People.

By: dick francis

dick francis — Mon, 25 Sep 2017 18:23:12 +0000

“Corporate Bermuda is going to help pay for it’ Wow, is this Sven and Jonny Mark II?

By: dick francis

dick francis — Mon, 25 Sep 2017 18:21:28 +0000

Mr DeSilva: corporate Bermuda has been laying people off for ages? Have you not noticed?