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IN OTHER NEWS

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Mr. Nolan Carey (President of Door 2 Door & ORICO Bahamas) welcomes Senior Financial Advisor Lester Turnquest to the team.

THE AMERICAN TRAGEDY (SUICIDE BY A THOUSAND CUTS)

BY LESTER TURNQUEST

 

 

The world is holding its breath as it watches the magnificent United States of America being destroyed from within, by persons who were elected to do the opposite.

 

Most great empires are destroyed not by invading armies, but from within. Where invading armies do play a role, the genesis of a decline took shape internally years before. The Han Dynasty, Roman, and Ottoman empires were all great “civilizations” which sowed the seeds of their own destruction.

 

China and Russia presently have the appearance of greater stability than the United States of America, because U.S. politicians are indulging in an orgy of political “malpractice” hitherto unseen in my lifetime. I feel as if I am watching a huge luxury liner about to descend beneath the waves. The United States is literally choosing to risk becoming a banana republic. Amazing isn’t it? How do these politicians get away with it? Tearing asunder the very nation they had sworn to protect.

 

While most countries and their political leaders attempt to run away from actions which can cause a downgrade in the international credit rating, the United States has politicians who essentially advocate embracing one by saying that a refusal to increase the debt ceiling is no big deal. That is like a “client” indulging with a prostitute even after her pimp gives a litany of her diseases. It is sheer madness! That is not hyperbole. That so called responsible persons would use the threat of harm to their own country to achieve cheap political or ideological victories would be called something else in any number of democratic countries. The problem with the foregoing scenario is that as the printer of the world’s reserve currency, as goes the United States’ economy, so goes the world. We are all being held by the “you know what”.

 

The raging dispute in the halls of power in Washington D.C. is the greatest and most compelling evidence that the United States of America is in the midst of a civil war, albeit one fought without guns and bullets (so far). As in the case of all civil wars there are diverse igniters for its start. Some persons feel disenfranchised and irrelevant after having dominated the political process for years. Others feel discriminated against and marginalized and want to extract payment for past humiliations. There is a melting pot of gender, racial, ethnic, and cultural issues coming to a boil in our huge neighbor to the north. Sadly, it is quite clear that there is hatred as well, and hatred destroys it does not build. To add insult to injury, all sides (the President and his Democrats and the Republican caucus) have pursued a social values agenda when the focus should have been on jobs, and governance.  The result of all this is the toxic brew which we now see. If the United States gets really sick, we in the Bahamas will be at death’s door, because if the United States only sneezes the Bahamas catches a cold.

 

The last time history recorded this level of enmity in the United States, a confederacy was born, and a civil war between the states resulted. The over-reach, acrimony, and neglect that now roils the United States, mirrors elements which led to its historic civil war. Given the demographics, talk of secession, and some hatred of a president of colour, it is not beyond the realm of possibility that a new confederacy may be born, one which might exist only in spirit, (if not in fact or geography). Clearly it would not be a purely southern confederacy as in the past. Some states further north or west are becoming more alienated in the present political climate.

 

History often repeats itself, and the United States cannot sustain itself on a daily diet of hatred, division, and political blood-letting. The world must be puzzled by what appears to be a general lackadaisical demeanor exhibited by the citizens of our great neighbor, who seem blissfully unaware of the imminent danger. At some point its citizens will awaken and extract a price from its leaders for this debacle. That price must cut deep and wide so that recklessness and selfishness in national service would never be embraced so lightly again.

 

Many countries have lay in ruins (on all levels) because of careless politicians, and I am sure that Bahamians everywhere are concerned, and are prayerfully hoping that the country with whom we are mostly closely aligned pulls back from the abyss. Failing that, the United States will descend the ladder of history wounded by its own hand.

 

One step too far, one jibe too many, or one maneuver too rash, and that is all it would take to put a great nation on the road to becoming a failed state. Surely the United States does not want to become like the British nation, deluding itself that its past as a great power is also its present and its future.

 

FORTY YEARS ONWARD

 

BY LESTER TURNQUEST

 

 

 

I was sixteen years old when the Bahamian flag was raised for the first time on Fort Charlotte, barely on the verge of manhood (and about to graduate from high school).

 

I, my parents, and my siblings, stood on that fort on a fateful night, and watched the dramatic ascension of our flag over that of the United Kingdom which had dominated all aspects of our existence from I knew myself. It was a moving and proud feeling which I felt to my very core.

 

The intricacies, nuances, and maneuverings of the processes of independence eluded me at that age. As a student though, I along with others at my school were treated to a rendition of the national anthem by Mr. Clement Bethel who visited our school to show us how the anthem should be sung. Of course as students we were informed of all the pomp and pageantry surrounding the first independence celebration, and given details of events which we were expected to attend. I had no inkling then that I would one day become involved in the same political process which had given birth to the need for drive for independence.

 

Seeking independence was a leap of faith which took great self-confidence and courage to execute, and there are still colonies like Turks and Caicos, The Cayman Islands, and Bermuda who have still not embraced self-determination. Brave men and women led us at a time when they could have taken the easy way out, and not bothered to move the nation forward. Those nation builders are to be commended for staying the course which launched the Commonwealth of The Bahamas in 1973.

 

The Bahamas is challenged today on many fronts, but also has much to be proud of in its list of accomplishments.

 

Our economy is only slightly more diverse after forty years, so we are not insulated from periodic downturns in tourism which remains the mainstay of our economy. Yes, we have developed a year-round product, and expanded the base from an exclusive base to one of mass tourism. The broadening of the base has afforded more of us an opportunity to make a living. For example thousands live directly, and in directly, from the spin-off Atlantis’ activities, but we are vulnerable. Which country is not vulnerable these days? The diversification of the economy will challenge Bahamians for decades to come. Forty years from now our children will have to assess how they have managed the national patrimony.

 

We have as a nation paid attention to the social safety net by establishing the National Insurance Board which assures that all Bahamians have access to pensions, and employment compensations. There is no doubt that this institution is a hallmark of success in this country, and remains one of the wealthiest entities in this country. The next step must be a universal health system which does not allow Bahamians to die or remain ill simply because they are poor. National health care must come. It is moral, and it is necessary.

 

Our infrastructure continues to require investments which are often beyond our financial capacity, but successive governments have consistently made the effort to make investments as a precursor to attracting investment, both foreign and domestic. Even the great United States strives for tourism and foreign investment and sometimes falls short as is evidenced by the collapse of several obsolete bridges in several of her states. Certainly our protective services (like the police force) are better equipped for their respective missions forty years on, having benefitted from infrastructural investment. All nations are a work in progress, and that is how we shall ultimately “season our pot” and develop this nation of ours. The allocation of scarce resources is always difficult as choices have to be made and lived with.

 

While Majority Rule resulted in many of us accessing university educations, and the accruing of the attendant benefits to the country did occur, there is now a diminishing return on the dollars invested in education. In other words we are spending more on our educational system but getting less out of it as the nation’s children are less educated, and are ill-equipped for success in today’s world. There will always be success stories, but for the nation to rise, the success must be broad-based and general. We are failing our students. Clearly we need to re-design our educational system, and we must focus not only on academics, but also on programs to minimize anti-social behaviour so that we can experience a continued reduction in crime levels. Attention must be given to a national family planning  program which can seek to ensure that our children’s critical formative years are not marred by need, and deprivation.

 

Our legal system is a nightmare which has developed over forty years and so understandably will not be solved over night. No matter how daunting the challenge, we must seek to make incremental improvements annually, and have the system evaluated annually so that adjustments can be made promptly. If the citizens do not have confidence in the system, we will have anarchy and the perceived unfairness will act like a cancer on our national psyche.

 

We are but an infant as it relates to national development, but if we adhere to a value system which is accepted by our people, then we can grow. I suspect though that the dialogue on what those values are needs to be re-started, and the report by the constitutional commission is only the beginning.

 

I will not be here in forty years, but our children deserve that we hand over to them a nation that reflects our best efforts. In this way forty years from now, they may have fared better than we have. Everything takes time, planning, and effort.

 

Happy birthday Bahamas!!!

Bahamas – China Company acquired the expertise of Lester Turnquest the founder, CEO and chairman of the board of The Bonnycord Group Ltd. investment firm Holdings Limited.

The Bahamas leading Sourcing, Purchasing and Travel Tour - Company “Orico” entered consultative market of China. Aiming to help our clients to minimize the risk of making investment in China and save their time and resources. Mr. Turquest noted.

Mr. Turnquest with over 40 years in the investment and banking played a pivotal role in the development of the business and banking industries in The Bahamas, and continues to develop industry leading projects in unique destinations throughout the world. This is the reasoning for acquiring his services says Nolan Carey CEO of Door 2Door imports and Vice President of Orico Bahamas Ltd.

The uniqueness of the company lays in a personal approach in servicing every client combining with best quality, commitment to client’s success and transparency - all these principles are strictly followed by “Orico ” Mr. Turnquest noted .

I see Orico offering a wealth of investment opportunity for those who navigate its complexity. It also offers a great opportunity to launch a major revitalization of the Bahamas business market and empowering Bahamians to not solely depend on the Government for ways to become strong business entrepreneurs. Orico has an advantageous geographical position, developed infrastructure, a strong reserves of manufactories. Foreign companies are ready to invest in the Bahamas it is now Bahamians investing in the Bahamas. The idea to create consulting company “Orico” was born to fill the gap on the market and create “one-stop place” for foreign companies and businesses entering The Bahamas market for the growth of the country. Mr. Turnquest stated. The team of professionals I have sat with at Orico has this Bahamian Business model where is should be.

Orico has added “Bahamas Business in a box” and “Island Home in a box” two new areas of it potential investments for Bahamians. Clients are now cutting out the middle man and starting business from factory to consumer. Bahamians from Abaco, Eleuthera and Exuma are now competing with cost and quality of companies in the Nassau.

Mr. Turnquest revealed that “Orico Travel & Tour” has also Partnered with D.M.C Bahamas Limited, one of the leading events planners on the island, to arrange destination event packages from China to Abaco, Exuma, Eleuthera and Nassau. This will help to create the opportunity for small and large investment to the family island.   

“We are happy to have Mr. Turnquest as our current investment advisor” says Carey. The knowledge and expertise that  Mr. Turnquest brings is needed when investments of this nature is so new to the Bahamas.

ORICO soars to the tops!

Photo from Left to right: Damian Miller CEO of DMC Bahamas, Lester Turnquest Senior Financial Advisor to ORICO and President of Bonnycord Group, Nolan Carey CEO of Door 2 Door & Vice President of ORICO Bahamas & The host of JCN’s The Platform, Mr. Wendall Jones

The import industry has seen a major increase at the success of ORICO Bahamas and it’s group of companies. Recently the team was invited to The Platform for a formal discussion on the company and its consumer services. The host of JCN’s The Platform, Mr. Wendall Jones, marveled at the wisdom, experience and explanation of what ORICO Bahamas means for The Bahamas and in the end the consumer of these products. On the show were Nolan Carey CEO of Door 2 Door & Vice President of ORICO Bahamas, Damian Miller CEO of DMC Bahamas and new to the team Lester Turnquest Senior Financial Advisor to ORICO and President of Bonnycord Group.


Mr. Carey stated that “the china manufacturing partners have a long track record of dependability.” He also went on to say that because of this, the end cost would be significantly reduced allowing more profit to the small and large business owner while decreasing product cost to the end consumer. This business model allows for a reconstruction of business and family economies.

When asked why tap into the China Market, Mr. Turnquest responded that “China is currently the 2nd largest super power and trading industry with the accessibility of goods at low costing while still receiving quality products.” He went on to explain that because the goal of ORICO is to decrease the end cost for the consumer, ORICO sought to find the most inexpensive way to get products to the businessmen at prices comparable to none.


While encouraging entrepreneurship, ORICO Bahamas also provides destination services. with a population of about 1.3 billion people the potential success to the growth in tourism is inevitable. Mr. Damian Miller explained that “Chinese travel between The Bahamas and China is growing rapidly and should be taken advantage of”. ORICO travel provides a full Bahamas experience throughout the islands. Tourism will see an explosive growth between The Bahamas and China thus providing opportunities for more airlines to provide services to these destinations.


ORICO Bahamas is on the move and dominating the import market. Businesses are growing and the end consumer is receiving products at reasonable rate hence creating a better life for everyone.

© Copyright 2023  Lester Turnquest. All rights reserved.

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