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03 Feb

Mr Burchall highlighted Bermudas growing GDP but warned that due to the peculiarities and uniqueness of our situation, it is not going to feel like it.It will feel like it is dragging on and that is because our need to service our debt is increasing, increasing, increasing. Mr Burchall spoke positively about the potential economic impact of the Americas Cup but stressed that for our economy to be able to support our debt service cost, it would be crucial to increase the working population in Bermuda from 33,500 to at least 45,000.The rest of the funds are meant to be divided among the other three clubs.We all know the money went missing, Otis Minors, the St Davids president, said of the June theft.Mr Simmons delivered a fairly positive outlook, telling the audience: I have just got back from the future and it is looking pretty good so you dont have to worry about change.He said that Bermuda had spent the past 20 to 30 years in a grazing period.By coming together, there is, perhaps, an immediate pain in business where there are some jobs lost but eventually it ends up being a stronger company that can achieve and employ more and contribute more.I would encourage those in the third sector to think about areas where it makes sense to consolidate or merge.

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It is understood that the delay is because of money having been stolen from a car near St Davids Primary School.

Too many of us had our heads down like cattle and didnt realize the grass wasnt growing as fast as we were grazing.

This is an opportune time for us to readjust and get used to the new reality.

Once we get all the stats done up, we give them money.

Arrim Perinchief, president of Baileys Bay, said that all he had heard from the ECCA was that the issue had not been forgotten.