Hashtag: #LarryBurchallColumns
Burchall: How “Nanci” Grew In The Ten Years
[Opinion column written by Larry Burchall] Many people say that Bermuda’s business model and the global business model have changed and that simply increasing Bermuda’s ResPop is not the only answer to Bermuda’s existing economic problem. But what, exactly, did change? What will a solution look like? From Tourist Playground to Business Park From... Read more of this article
100 Years Ago: First Bermudian Dies In WWI
[Written by Larry Burchall] William Edmund Smith, a black Bermudian, joined the Royal Navy, left Bermuda, and sailed into Bermuda history. He was the first Bermudian to die in World War One. He died exactly one hundred years ago today, 22nd September 1914. William was the son of Mr. and Mrs. William Felix Smith and Emma Jane Smith of Sandy’s Parish.... Read more of this article
Opinion: “Surrendering Our Independence”
[Opinion column written by Larry Burchall] Once upon a time there was a strong movement for Independence for Bermuda. In 1995, Premier John W Swan tested that national feeling by calling a Referendum on Independence. Though skewed by an Opposition organized boycott, that 1995 Referendum said “No!” However, the idea of Independence has never actually... Read more of this article
Opinion: Larry Burchall On “27 Missing Words”
[Opinion column written by Larry Burchall] There are 27 missing words that could have and that still can make a big difference. Those missing words have been a major contributor to the mess that Bermuda is in today. Between 1st April 2004 and 16th December 2013, two Bermudian individuals – politicians both – created a $2,705 million mountain... Read more of this article
Burchall On Recession & Population Decrease
[Opinion column written by Larry Burchall] Government does not see something that has happened! So how can Government’s Ministers and top Civil Servants fix a problem that they don’t even see? In the July 2010 and 2013 Bond Prospectuses, the Ministry of Finance publicly and globally reported that Bermuda’s population had grown steadily, reaching... Read more of this article
Burchall: “Over The Hurdle, Into The Wall”
[Opinion column written by Larry Burchall] By December 2017, that $800 million that Government borrowed in December 2013, plus the $396 million ‘fluff money’ left over and put in between 2012 and 2017, will have been used up. April 1st 2017 will find the Bermuda Government beginning a scramble for millions to get through to FY 2020/21 and, particularly,... Read more of this article
Larry Burchall: “When The Money Runs Out”
[Opinion column written by Larry Burchall] Nine days before Christmas 2013, Minister for Finance Bob Richards completed borrowing $800 million. Most people probably thought that was a lot of money. However, that $800 million will be gone before Christmas 2017. In fact, less than six months after 16th December 2013, by 11th June 2014, more than half... Read more of this article
Burchall On The History Behind Cup Match
[Written by Larry Burchall] Bermuda’s Cup Match holiday is an historic occasion of global importance because it represents, in a sense, the world’s longest strike. That first labour withdrawal happened on 1st August 1835. Exactly one year after Emancipation Day 1834. On 1st August 1835, as far as is known, thousands of Bermuda’s ex-slaves, now... Read more of this article
“Personnel Costs Must Be Reduced”
[Written by Sir John.Swan and Larry Burchall] In the 12 December 2011 Pre-Budget Report (PBR) and Ministerial Statement (MS), the Finance Minister acknowledged the depth of Bermuda’s economic situation. The Minister recognizes that revenue is unlikely to improve substantially and that even after spending cuts, planned spending levels will still stay... Read more of this article
Opinion: ‘Financial Centre Is The Future’
[Written by Larry Burchall & Sir John Swan] Bermuda’s future lies in establishing itself as a Mid-Atlantic Financial Centre. This means that Bermuda and Bermudians must forever abandon the idea of reviving Tourism to the state and status that Tourism occupied between 1920 and 1990. Following is a comparison between the contribution made by Tourism... Read more of this article
Burchall: ‘An Endangered Species’
[Written by Larry Burchall] Elephants are considered an endangered species. But there are said to be over 450,000 African elephants and between 35,000 and 40,000 Asian elephants. Still they are considered an endangered species. The 2010 Census counted only 50,533 Bermudians who were resident in Bermuda. Compared to elephants, Bermudians look like a... Read more of this article
‘Getting Back to A Viable Economy’
[Written by Sir John Swan and Larry Burchall] As stated in previous articles, in order to have a viable economy our National Workforce (NWF) needs to be at minimum 40,000. Below is a chart comparing the years 2008 when our NWF was over 40,000 and 2010 when it fell below 40,000 and the impact it has had on our economy. *The total NWF figure is arrived... Read more of this article
