Tag Archives: Bob Richards

Smart politics or a blink?

The Bermuda Government is putting its privatization bill on hold after getting an agreement with the union to find 5% of cuts in next year’s budget. Based on this year’s budget projections, that would amount of $60m in cuts and … Continue reading

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Turning around the economy

As he promised, former Bermuda resident Kevin Comeau has written a second part to his series on the causes of the Bermuda recession and why international companies have left or reduced jobs here. He says that, in one of those … Continue reading

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Pension problems

The Progressive Labour Party seems to be getting some traction with its populist approach to Opposition – essentially hammering away at the idea that “rich” businesses are getting all the breaks from the OBA while “poor” individuals are getting the … Continue reading

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Cap G’s raspberry

I’m thinking the story about Capital G making five more staff redundant will have made Bermuda Finance Minister Bob Richards’ blood pressure go up a little more today. Richards has privately and publicly urged the banks not to lay off … Continue reading

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A reforming budget

Budgets always have three functions. One is the most basic – the fiscal question of whether the budget is balanced, how much is being spent, whether the Government is living within its means, what taxes are being increased, how much … Continue reading

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Budget: $70m in cuts, 60:40 to be abolished

Highlights of the Budget, announced today: Here’s the full Budget Statement: 2014 Budget $70 million in cuts this year, and 15% over three years. 60:40 rule to be abolished Three gaming licences likely to be issued Spending in the coming … Continue reading

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Budget predictions

Further to yesterday’s post on the economy, there are a lot of Budget previews today: The Gazette predicts there will be $75 million in cuts here, the PLP started its spin in the Bermuda Sun here and here (yes, it’s Christopher … Continue reading

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The emperor’s newest clothes

Bermuda Sun columnist Larry Burchall did a nice job recently exposing the Department of Statistics’ ability to create people out of thin air when it produced statistics that showed Bermuda’s population has been increasing for the last five years when all … Continue reading

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