LARRY BURCHALL

We need a workforce of more than 40,000

Larry Burchall: If Bermuda is to avoid an impending economic implosion, 40,000 cannot be a “fixation”. Now, 40,000 is too low. To avoid implosion, Bermuda’s filled jobs count must go far above 40,000.

Gombey dancing in a minefield is stupid

Larry Burchall: From both Budgets, PLP and OBA, it is clear that the amount of money available for Personnel, Operations, and Services is declining and will decline even more.

Our population must expand

Larry Buchall: With the Parliamentary battle of the Budgets effectively over, with both Budgets projecting three years out to 2016/17, Bermuda and Bermudians can now concentrate on climbing out of Bermuda’s economic hole.

Our Budget time bomb is ticking

Larry Burchall: This 2014/15 Budget Statement conceals a time bomb. Budget analysis uncovers the bomb. The Budget starts the bomb’s fuse.

Budget analysis: Growing our population is the only way out of this mess

Larry Burchall: In the very near future, Spending must match Revenue. This will happen either by design - through sound planning and careful long-term management; or by default – in an economic implosion as Revenue stalls and Government gets hit with the same problem that slammed into Barbados.
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The financial ‘bullet’ is coming

Larry Burchall: On Friday, Minister ‘Bob’ will use a couple of thousand words to tell us that he will cut spending and Bob may introduce a “three-year Budget”.

Unions must realize job cuts are inevitable

Larry Burchall: Chris Furbert and Ed Ball sit atop icebergs in a field of icebergs – an ice-field. Effectively, the pair head the Bermuda Trades Union Congress.

The elephant in the Bermuda Triangle

Larry Burchall: It becomes clear that Bermuda has a simple but massive Bermuda Triangle problem. Here is the problem and the fix.

If we continue borrow, the cash-eating elephant will grow bigger and bigger

Larry Burchall: Like, hate, understand, not understand; Bermuda’s economy is still created or driven by several thousand 365-day-a-year business residents working in what is loosely described as international business.

Why Government is having problems raising revenue

Larry Burchall: Ten years ago, in the days when Total Annual Debt Service Cost was $11.4 million a year, Debt was $119.5 million, and Government revenue actually exceeded Government spending; the Elephant of that time had the impact of a pet rabbit.
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This is our core economic problem

Larry Burchall: Starting with this column, over the next three columns, I’ll show you exactly, clearly, and honestly what Bermuda’s core economic problem is and what needs to happen in order to fix it.

It was quite a year

Larry Burchall: Bermuda has survived its first year under its third government after Voters decided to change governments for a second time; and have begun discovering the wisdom of the ages that some things don’t really change — much.

A tale of cash-sucking vampires

Larry Burchall: This is not the first time in modern history that Bermuda has been in a serious recession. But this time, it's different.

New Sheriff is shooting blind

Larry Burchall: On December 18, 2012, led by a tall and handsome new Sheriff, the new posse rode into town, swung off their steeds, swaggered into the saloon, slammed their Stetsons on the bar, loosened their gunbelts, and ordered double shots of rotgut.

Your dollar is worth less than you think

Larry Burchall: At the bottom of it all, lies the ugly hard fact that today's Bermuda Government dollar is an 86c dollar. Not a 100c dollar.
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The Bermuda Sun bids farewell...

JUL 30, 2014: It marked the end of an era as our printers and collators produced the very last edition of the Bermuda Sun.

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