This is a sad postscript about Bermuda.
(1) A quarter-century of economic drama (The Royal Gazette)
The Front Street retail flagships disappeared over time, along with the traditional horse and carriage and welcoming tourist activity.
As the Bermuda recession dragged on, with the usual inflationary cost-of-living increases, I invited the late Larry Burchall, of Nanci the Spider fame and a brilliant journalist who understood the Bermuda economy better than anyone, to lunch. We both were concerned about the recession and its long-term impact on the community. I asked him what his thoughts were for the future.
His answer: “Bermudians will survive this latest setback, they will get by, but the recovery will not return to the lifestyle they have been accustomed to.”