Bahamas deficit to be higher by 95m

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#Bahamas, October 11, 2017 – Nassau – We are hearing it again, that national debt is down from 13.6 percent to 12.9 percent but new in a media report, is information that the Finance Minister is now grappling with a deficit which will soar by almost $100m.   Deputy Prime Minister, Peter Turnquest said the government’s shortage in funds to manage the country is no longer $500m, but is now $595m.The news comes as the IMF reveals in an October report that The Bahamas will see its deficit widen due in part to a surge in Baha Mar related imports of goods and services to complete the resort.   Eventually, the IMF is predicting, things will level out to a lower deficit but even then The Bahamas will not be where it wants or should be fiscally and this will mean, many FNM plans and promises will not see the light of day during this financial year which does not end until next year July.#MagneticMediaNews#nationaldebtisdown Related Items:#magneticmedianews, #nationaldebtisdownlast_img read more

Seat Minimó concept brings a twee electric car to Geneva

first_img See All 2019 Mazda MX-5 Miata review: Club life isn’t for everyone, and that’s OK 50 Photos • reading • Seat Minimó concept brings a twee electric car to Geneva Seat Minimó concept is all about urban mobility Mar 7 • The Ferrari F8 Tributo is the last of the nonhybrid V8s Mar 7 • New Peugeot 208 debuts i-Cockpit with 3D HUD Combo dashboard Post a comment 0 Share your voice 2019 Mazda CX-9 review: Losing its edge? Concept Cars Electric Cars As cars become rolling platforms of technology, we’re starting to see them pop up in odd places. CES is now practically its own auto show, and recently, VW Group’s Spanish division Seat unveiled a concept car at MWC, the world’s biggest phone show, in its hometown Barcelona. But now, it’s made its way to the Geneva Motor Show.To be fair, the Seat Minimó concept is only barely a car. Seat actually refers to it as a quadricycle, taking some aspects of cars and blending them with some aspects of motorcycles. It’s a tiny little guy, with enough space for two people and little else. If you want to bring a passenger and a suitcase, you’ll have to stow the suitcase out back, exposed to the elements.As for the interior, it’s on the minimalist side. The doors are hinged to make it possible for you to get in and out in tight spaces, and the front seat slides forward to offer passenger access. The dashboard is straightforward, with your standard steering wheel and brakes, in addition to a gauge cluster screen that appears to double as an infotainment system.Enlarge ImageIt’s like a Renault Twizy, but way less dorky. Andrew Hoyle/Roadshow That small footprint may not help with hauling, but since this concept is built for urbanites, its tiny dimensions should leave it well suited to handle tight corners and busy streets. It also happens to be electric, which means it’ll be no problem in European city centers that have implemented diesel bans or congestion charges for gas guzzlers. The Minimó concept is designed not to be owned, but to be shared — it’s not something Seat envisions living in your driveway. Instead, it will be out and about all day, lending itself to urbanites in need of a ride. To that end, it’ll keep downtime to a minimum thanks to a hot-swappable battery that slides out from underneath the body. Seat estimates this could reduce car-sharing operation costs by some 50 percent, since there’ll be little if any downtime. Its battery is small, but since everything is small, range clocks in at a decent 62 miles.Other bits of the concept’s tech are also aimed at the mobility market. There’s no physical key — access is found digitally, using a smart device. That same device can bring navigation into the car by way of wireless Android Auto. The concept relies on human drivers, but it could theoretically be outfitted to run autonomously, becoming even more efficient by minimizing the time it spends idle. Apr 17 • The 2020 Jaguar XE gets its first major visual refresh Geneva Motor Show 2019 Tags Geneva Motor Show 2019 Mobile World Congress 2019 More From Roadshow 2019 Audi TT Roadster review: The exit interview Mar 8 • VW is still ‘100 percent’ investigating a pickup truck for the USlast_img read more

Learning value of money may make kids less philanthropic

first_imgEven if your five-year-old kid does not know what money can buy for him or her, the moment he or she gets to know the value of it, chances are the knowledge may make him or her less philanthropic in nature, says an interesting research.In other words, the act of handling money makes young children work harder and give less. This effect was observed in children who lacked the concrete knowledge of money’s purpose and persisted despite the denomination of the money. Also Read – ‘Playing Jojo was emotionally exhausting’“Money is a double-edged sword. It produces good outcomes in terms of concentration and effort but bad outcomes when it comes to helping, taking, and donating.” said professor Kathleen Vohs from the University of Minnesota and co-author of the study.For this, the researchers conducted five experiments and one study involving 550 children (ages three-six) in Poland and the US. In one experiment, the children were asked to either sort money or buttons before completing a challenging puzzle. The paper is forthcoming in the journal Psychological Science.last_img read more