Where were these jack-o-lanterns Friday night? Every night is Halloween for them.
Nassau, Bahamas: Maybe the recession has NOT hit the New Providence area as yet, or could it be that our people are not waking up to the realities that face them? Friday night was Halloween, and for hours, fireworks lit the skies of the city. For hours we say, having a perfect view over the island. In our community fireworks have grown from little mini rockets in years past, to 4th of July bombs [many of which we believe are illegal for locals to carry].
With persons on long lines looking for relief, Social Services budgets now exhausted on the islands, added with the actions by Hotel Union workers last week looking for money, we believed no one had time for fireworks, much less Halloween party.
In fact, if the truth is told, money is so scarce the massive BEC disconnection exercise [5,999 households] proves our point. And with the growing mortgages now in default [COLINAIMPERIAL FULL PAGE ADS IN THE NEWSPAPERS] added with more workers headed for the unemployment line [of which one attempted to commit suicide on Saturday according to ZNS News], Bahamians must take the warnings SERIOULY issues by the Central Bank and curb spending!
Forget that mortgage of a new front-room set this Christmas, and cancel that travel plan to Miami this holiday season. Put off – if only for this year – trading in your 2007 Ford Explorer for a 2009 model and save that money!
Last evening we counted over 80 loud explosions, which was the highlight of the Halloween party. We said to ourselves, someone is partying in the backyard tonight, all to have lights switched back off by BEC tomorrow. Bahamians CONSERVE, SAVE, CURB the SPENDING as thousands of Americans are losing their jobs by the hour AND some 7,500 homes in the US are in foreclosure each week!
Behind this fallout of consumer/household loans with mortgages, we will soon see a second nightmare, (Some already starting in the US) the fallout of Commercial Loans across America. These loans were given to companies who today cannot meet their commitments with the banks. And if you think we are just preaching doom, take a look and see what has happened already to Lehman Brothers, AIG, Fanny Mae and Freddie MAC. Major companies (NOT PEOPLE HOMES, BUT THE LENDERS) are failing to meet their own commitments!
We at Bahamas Press believe that if we saw Friday night is any indication of the Bahamian concern with all this, then it is certain, much of our warning and those of the Central Bank will go unheeded. Therefore we ask you our readers to, think about this, if in the BEST of times JANUARY IS CONSIDERED A HARD MONTH [USUALLY MUCH WORSE THAN SEPTEMBER]. What do you think this January would be like? We hate to mention it. Bahamas Press however says this, it would be the most difficult month ever faced by Bahamians since the Second World War.
We ALSO BELIEVE THIS IS THE APPROPRIATE TIME FOR THE PRIME MINISTER TO MAKE A NATIONAL ADDRESS AND SEND A SERIOUS MESSAGE TO THE PEOPLE OF THIS COUNTRY, SAYING THAT HARD TIMES ARE AHEAD!
LET’S CONSERVE BAHAMIANS, CONSERVE FOR THE RAINY DAY IS CLOSER THAN WE THINK!
Fireworks in our constituency Friday evening.