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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.
Charities have been urged to consider the short-term pain of consolidation or mergers as they battle for survival in Bermudas harsh economy.
Caroline Foulger, chairwoman of Bermuda Business Development Agency, encouraged the third sector to follow the example of the international business community by undergoing tough measures that could lead to a brighter long-term future.
We are giving them [the ECCA] time after the holiday, but we are now well into the new year. A 6ft alleged culprit, described to be of medium to stocky build, was seen fleeing by foot along Great Bay Road.
Ms Foulger told the audience: We have lots of third sector organisations in Bermuda.
In the same way that we have seen consolidations going on in the insurance industry, there is never a perfect overlap, but there is a degree.
People in the third sector are far more productive than people in market economies.
Pro-social behavior allows you to get a bigger bang for your buck it is not unusual for the third sector to hire highly talented lawyers and accountants for free and they will work harder.
They havent given a statement about how they are going to recover the money at all, Perinchief said. It will have a negative impact if we dont receive it.