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

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

Jyotirmoyee Sikdar joins Trinamool

first_imgKolkata: Former CPI(M) MP Jyotirmoyee Sikdar joined Trinamool Congress on Thursday. Sikdar, an athlete and Rajiv Gandhi Khel Ratna awardee in 1998-99, was elected from the Krishnanagar Lok Sabha seat in 2004. She was defeated by Trinamool Congress candidate Tapas Paul in 2009.Sikdar was a close aide of former Sports minister Subhas Chakraborty. She had taken part in CPI(M)’s campaign in the 2016 Assembly election. After joining Trinamool Congress along with 200 CPI(M) supporters, the former MP said she was attracted by the all-round development carried out in Bengal by Chief Minister Mamata Banerjee.last_img