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Showing posts with the label recession

If you had one year to live.....

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Can you make a difference in Grand Bahama? It's amazing what you think you can do and what you can actually do! Twice recently I heard, what would you do if you were told you only had a year to live. With a focus on leaving a legacy would you finally do what you refused to do before because you were playing it safe? Not lecturing on business I found out about several new things coming on stream for Grand Bahama. An old hotel is about to see new life and those persons only looking of a job to get back on their feet will have a place to expend some good energy. Sushi is coming back to Port Lucaya for those who don't want to drive from Lucaya to Pier One. And investors are beginning to take a second look at Grand Bahama. In the wake of these good news, what have we learned from the past that could enhance any opportunities we get? I'd say one thing, consistently we go from boom to bust and back. So as we begin to boom, remember .. make the most of each day and fi...

Forecast for Freeport

Again I attended a Flint Stone Inc's event last evening ... a mixer ... where the guest speaker was Wenrick Clarke, Bank of The Bahamas Branch Manager. Noting the present state of Freeport he said he feels that we would take another two years to get out of the doldrums. Interesting analysis. But what he said that was even more interesting was that fact that people do become rich during depressions. This is so true. Googling this here is a list of ten: 1. Baseball star Babe Ruth, who made $80,000 a year in Depression era dollars 2. Robber John Dillinger, who raked in more than $3 million in todays dollars 3. Supermarket pioneer Michael J. Cullen, who left Kroger in 1930 to start King Cullen Grocery 4. Film star James Cagney, one of the top money makers in Hollywood in the mid 1930s 5. Charles Darrow, creator of the Monopoly game who became the world's first millionaire game-designer. 6. Oil man J. Paul Getty, who snatched up depressed oil stocks with his inheri...