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Permanent Link: http://ufdc.ufl.edu/UF00084249/00917
 Material Information
Title: The Tribune
Uniform Title: Tribune (Nassau, Bahamas)
Portion of title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Place of Publication: Nassau, Bahamas
Publication Date: January 4, 2008
Copyright Date: 2008
Frequency: daily, except sunday
daily
normalized irregular
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
sobekcm - UF00084249_00917
System ID: UF00084249:00917

Full Text







MIGIflHTY n

WINGS Pn lovin' t.

HIGH 70F
LOW 62F

'- CLOUDS, SUN,
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The Tribun

ANY TIME...ANY PLACE, WE'RE #1




BAHAMAS EDITION


PRICE 750


Volume: 104 No.36 FRIDAY, JANUARY 4, 2008





--- ---- L.


decisions soon


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
THE Immigration Depart-
ment will have a decision
ready by the end of the month
for the "majority" of people
who came forward at last
year's audits, the director of
immigration said yesterday.
Vernon Burrows stated at
the end of September last year
- a month after audits took
place in New Providence,
Grand Bahama and Abaco -
that a total of 1,979 persons
came forward during the exer-
cise to identify themselves as
awaiting a decision from his
department on their applica-
tions for permanent residency
or citizenship.
Yesterday he told The Tri-
bune that at this point, a deci-
sion has been reached in rela-
tion to around 30 percent of
those cases, or between 600
and 700 persons.
However, Mr Burrows said
he could not say off the top
of his head how many of those
decisions have been in favour
of the applicants.
Giving an update on the
audit in September, Minister
of National Security and
Immigration Tommy Turn-
quest said that he expected all
of the applications of those
persons who came forward
during the exercise to be ready
for review by the immigration
department by the end of that
month.


The initiative sought to
assist individuals who submit-
ted applications for perma-
nent residence or citizenship
to the department of immi-
gration prior to April 30, 2007.
Individuals were encour-
aged to come forward to pro-
vide the department with
updated contact and other
details during the audit. With
the information on the appli-
cations complete, Mr Turn-
quest said that the board
would be able to review the
request and immediately
decide to grant or deny it.
In August, the government
admitted that it is a "well
known fact" that large num-
bers of applications by per-
sons with "legitimate claims
or entitlements to immigra-
tion status.have (had decisions
on those applications) unduly
delayed."
"It does not contribute to
good order ard peace if large
numbers of people in the com-
munity who qualify for resi-
dence status are denied such
status and are forced to live
outside of the law and outside
the full protection that the law
provides," the ministry admit-
ted in a statement.
Yesterday, Mr Burrows said
that his department was still
"grappling" with many of the
applications. "You know that
citizenship and permanent res-
idency are not something that
you just give out loosely and
SEE page eight


BALANCING ACT: An acrobatic display during a show onboard the MSC Lirica yesterday. The Mediterranean
Shipping Company has announced that Nassau has been added to its long list of international ports.
SEE PAGE TWO FOR MORE


Alleged Bahamian drug dealers

are gunned down in Haiti


TWO alleged Bahamian drug
dealers have been gunned down
in Haili, victims of what is being
described as a 'p.')l. I l." hit in
broad daylight.
The two men whose names
The Tribune is withholding until
their families are notified -
were on an island around 30
miles off mainland Haiti when
they were blasted by AK-47s.
Both died in the shooting,


which insiders have described as
a "set up" reprisal for various
drug grievances. Their killers are
thought to be Haitian drug traf-
fickers, and several Haitians
were also said to have been shot
and possibly killed during the
attack.
One of the two Bahamians
was a father of six in his 30s who
described himself as a fisherman.
He attended two Nassau schools,


but failed to graduate, and was
known to live off Soldier Road.
The other, originally from
Nassau, had been a long-time
resident of Jamaica. He was in
his 40s, married with four chil-
dren and was once a crawfish
diver on Ragged Island.
Both men'were well-known
to Bahamas police, and the
SEE page eight


AG: govt is
committed to
filling judicial
positions
* By NATARIO
McKENZIE
WITH two Court of
Appeal justices expected to
leave office this year,. Attor-
ney General Claire Hepburn
said the government is com-
mitted to ensuring that all
judicial positions provided
for by legislation are appro-
priately and adequately
filled.
"The executive branch of
government recognizes that
SEE page eight

Man charged

with Boxing

Day murder
* By NATARIO McKENZIE
A 21-YEAR-OLD Bacardi
Road man was arraigned in
Magistrate's Court yesterday
charged with the Boxing Day
murder of Anthony Cole-
brooke.
Colebrooke,19, of Sunset
Park, last year's 78th murder
victim, was reportedly found
near Bacardi Road sometime
around 6 pm on Boxing Day
2007 with multiple stab
wounds.
Carl Fisher was arraigned
before Chief Magistrate
Roger Gomez at Court One,
Bank Lane, yesterday,
charged with Colebrooke's
SEE page eight


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Shipping giant adds Nassau to destinations list

MSC move hailed as

good news for city 4


DIRECTOR of the MSC Shipping company Pasquale Formisano
explains what all services the ship will be offering.


MSC (Mediterranean Shipping Company) Captain Giacomo Romano,
second from left, welcomes Prime Minister and Minister of Finance the
Rt. Hon. Hubert Ingraham and Deputy Prime Minister and Minister of
Foreign Affairs the Hon. Brent Symonette, along with Cabinet members
on board the cruise ship MSC Lirica for a luncheon presentation
Thursday, January 3, 2008.


TUCKING IN: From right: Deputy Prime Minister and Ministerof For-
eign Affairs the Hon. Brent Symonette, Prime Minister and Minister of
Finance the Rt. Hon. Hubert Ingraham, Pasquale Formisano, MSC
(Mediterranean Shipping Company) Geneva director, Nicola Arena,
MSC USA president and Minister of National Security the Hon. Tom-
my Turnquest enjoy a luncheon on board the cruise ship the MSC Lir-
ica Thursday, January 3, 2008.


NASSAU has been added to the list of desti-
nations of the world's second largest shipping
company.
The Mediterranean Shipping Company (MSC),
which is privately owned, has been operating in
Grand Bahama for the past six years and has
now added Nassau to its long list of internation-
al ports. MSC Bahamas' general manager Manuel
Ruiz said that everyone at the shipping company
is very excited about the addition of Nassau as a


port of destination. "It's better not only for us, but
it is also better for Nassau. This will be the first
time in the history of Nassau that a major shipping
company will be making it one of its destina-
tions," he said.
Three months ago MSC Bahamas launched a
new service between Port Everglades, Florida
and Na'ssau. The ship runs twice a week on Mon-
days and Thursdays and docks at Arawak Cay.
The shipping company offers one bill of lading in


order to provide faster service for shippers from
origin to final destination.
Nassau has joined the list of many ports to
which MSC ships, including ones located in coun-
tries such as the United States, China, Canada,
South Africa, England and Australia.
MSC currently runs services to six continents
and is one of the few carriers that is able to offer
worldwide coverage to its Bahamian clients,
according to the company. "The company


believes in operating as independent carriers,
responding quickly to the customer's needs with
prompt, effective and global solutions.
MSC has established itself as the leading cus-
tomer focused, globally effective transportation
solution for many shippers, MSC Bahamas said.
Headquartered in Geneva, Switzerland, the
business started off in 1970 as a conventional
ship operator and rapidly grew into the large
shipping company that is today's MSC.


As PM Hubert Ingraham toured cruise ship, MSC stages Broadway-style show ...


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Whatever your image of a
winning real estate broker is,
Silvina Andrews is not it.
Quiet, soft-spoken, almost
shy, a woman who considers
motherhood top priority and
fits selling seven-figure homes in
between chauffeuring her son
between school, baseball, ten-
nis and golf, Mrs Andrews is
anything but the stereotypical
power suit property maven.
So imagine her surprise when
she learned that she had out-
sold all the non-partner agents
and brokers at Bahamas Realty
throughout the Bahamas to
wind up number one in sales
for the year.
"Surprise?" she said of her
win announced at the compa-
ny's recent annual awards din-
ner. "I think it was more like
shock."
According to Bahamas Real-
ty, Mrs Andrews' win is a reflec-
tion not only of her ability, but
of the changing style of the
industry, whose stars are
increasingly those who commit
to ongoing skills training, inter-
national networking and
extended personal attention.
But the company said that few
do it like Mrs Andrews, who
works largely from home or her
car and is as likely to seal a deal
on her cell while picking up son
Spencer from afternoon activi-
ties as she would be at a desk or
cocktail party. Her secret: earn-
ing trust.
"I look at every transaction
as if it were personal and think
'If that were me, or my family,
where would we want to live
given our goals, financial ability
and priorities?"'
She said she considers
schools, medical facilities and
access to facilities that satisfy a
client's other interests boat-
ing, tennis, golf, proximity to an
airport or the desire to be in a
community where shopping is
in walking distance.
"Everyone wants two basic
things personal security and



32-25


SOFT SPOKEN Silvina Andrews, who mixes being a mother with her
real estate career.


investment security. They want
to know that they and their
family are safe and they want
to know that what they are pur-
chasing is going to retain its val-
ue or appreciate. Those are
givens, but they are just the
starting point," said Mrs
Andrews, who has earned a rep-
utation as a relocation expert,
helping people find not just a
new residence, but a new life.
She calls it selling a home
instead of a house.

Bilingual
Having spent her life in three
countries helps her understand
the anxieties of adjusting to
somewhere new. She grew up
in Argentina, moved to Canada
at age 12 and to the Bahamas
nearly 20 years ago. Being bilin-
gual helps, too. For her, selling
a residence is the beginning. She
shares information from where
to shop for certain foods to find-
ing the best plumber.
She said that clients call her
for just about anything under
the sun, including best places
to eat or work off the dessert
they just enjoyed. That's no
problem for Mrs Andrews, a fit-
ness buff who spends vacations
skiing and eschews the office in
favour of pilates classes, which
she sometimes teaches.
Bahamas Realty chairman
Larry Roberts applauded her
success.
"We almost have to beg her
to come to our weekly staff


meetings," says Mr Roberts,
who is serving his second term
as president of the Bahamas
Real Estate Association. "Silv-
ina pours herself into helping
others, finding exactly the right
place and doing everything for
them except moving the furni-
ture, though I wouldn't be sur-
prised if she hadn't lent a hand
doing that over the years. Peo-
ple trust her and they recom-
mend her to others moving to
the Bahamas or call her when
they have other needs. It comes
down to caring and she really
does."
"I think being a mother has
really helped me in real estate,"
said Mrs Andrews, a Certified
Residential Specialist. "It's
made me appreciate the differ-
ence between selling a house
and helping someone find a
home."
Mrs Andrews still has a way
to go to outsell partner and
managing director Mario Carey,
who has held the overall sales
record for 17 years and created
the need for a separate catego-
ry for non-directors, but she's
closing the gap in an unassum-
ing way as the gentle agent who
takes on clients and makes them
second family and relies far
more on word of mouth refer-
rals than paid advertising.
Mrs Andrews is one of 14
members of Bahamas Realty's
sales team, founded in 1949,
with representative offices in
Nassau, Exuma, Abaco and
Eleuthera and agents through-
out the Bahamas.


THE TRIBUNE


PAGE 2, FRIDAY, JANUARY 4, 2008


SivnaAdrw amdBaaa


Re lyst p sel n g n





FRIDAY, JANUARY 4, 2008, PAGE 3


THE TRIBUNE


LOA LNESa


o In brief
. . . . . .. ..............

Police probe
reports of
shots fired on
New Year's Day
POLICE say that on New
Year's Day they received
reports of shots being fired in
the area of Balfour Avenue and
Ida Street.
However, there has been no
official confirmation of an inci-
dent having taken place.
Chief Superintendent Glenn
Miller told The Tribune yester-
day that police responded to
calls and conducted an investi-
gation.
"We checked that area but it
wasn't confirmed that it was
actually a shoot-out; some per-
son might have been celebrating
at a party and fired off shots in
the air, but there are no con-
firmed reports of a shoot-out,
so to speak," ASP Miller said.


Church ministers
urged to attend
crucial meeting
Bahamas Against Crime in
conjunction with the
Bahamas Christian Council
is inviting all church minis-
ters to attend "a very impor-
tant meeting" on Tuesday,
January 8, at the Royal
Bahamas Police Conference
Centre, East Street.
The meeting is set to begin
at 10am, and the organizers
said that very important mat-
ters will be discussed.

INTERNATIONAL NEWS

Health officials
kill 115 birds
with avian flu
a SANTO DOMINGO,
Domir can Republic
Dominican health officials
killed 115 chickens that tested
positive for avian flu in an
effort to contain the virus, the
government said yesterday,
according to the Associated
Press.
The rare outbreak in tqwn of
Higuey was discovered last
month when fighting roosters
awaiting export to Colombia
were tested and found to carry
the H5N2 strain of avian flu,
government livestock director
Angel Faxas said.
H5N2 is not a danger to
humans, but has produced out-
breaks across Asia and prompt-
ed the killings of more than 5
million birds in Japan alone
since 2005. The more virulent
H5N1 strain has infected
humans, killing more than 120
people in Asia.

Fourteen tourists
injured in deck
collapse at villa

N CHARLOTTPAMALIE,
U.S. Virgin Islands
Fourteen vacationers were
injured, some of them seriously,
when the deck of a seaside vil-
la collapsed Thursday on the
U.S. Caribbean island of St.
['homa, according to the Asso-
Hiated Press.
Two people suffered serious
head injuries when the wooden
deck suddenly gave way and
. filled them onto rocks a cou-
I'le of feet (less than a meter)
Ibelow, according to hospital
:ind police spokespeople.
There was no immediate
word on their condition, and
Virgin Islands authorities did
jot identify the names or
nationalities of the 14 victims.


Share

your

news
The Tribune wants to hear
from people who are
making news in their
neighborhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.
If so, call us on 322-1986
and share your story.


'Stop seeking scapegoats'



Appeals Court president has message for Bahamians
0 By CLUNIS DEVANEY il


PRESIDENT of the Court
of Appeal Dame Joan Sawyer
is urging Bahamians to stop
blaming others for the escala-
tion in crime and "accept
responsibility for what has
now caught up with us."
Dame Joan's comments
came yesterday at the open-
ing of the Criminal Assizes of
2008.
The president noted that as
long as the mode of dealing
with crime and criminal activ-
ity is one of seeking scape-
goats or casting blame. "any
real solution will remain elu-
sive."
She emphasised that many
persons, without weighing
what they have said, have
sought to blame the judiciary
or the executive branch of
government for the increase
in crime.
"In my view," said Dame
Joan, "we must stop seeking
to blame other peo-
ple for what has
happened to our
young people in our
country, since all of
us must accept our
responsibility for
what has now
caught up with us.
"Casting blame is
a useless exercise;
what we should be
doing is each person
or organisation
examining himself
or itself to see
whether, and if so
how, he or they may
have wittingly or
unwittingly con-
tributed to the pre-
sent problems fac-
ing the country."
The president
noted that in 2007,
the homicide rate
climbed to 79 in a
country where the population
is just a little over 300,000.
Dame Joan pointed out that
most of thaususpects are under
the age of 30.
"When situations like the


present ones arise," she said,
"some people look for easy
answers and immediate solu-
tions.
"Very little attention
appears to be paid to the fact
that there is a training process


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
THE TEMPERATURE in the extreme
northwestern Bahamas was expected to fall to
the low 40s or upper 30s last night in the coldest
spell in the Bahamas in years.
The temperature in New Providence Wednes-
day night into Thursday morning fell as low as
57F with winds of about 24mph, according to the
Bahamas Meteorological Department. Last night
into this morning, readings were expected as
low as 480F in the capital.
Chief Climatological Officer Michael Stubbs
told The Tribune yesterday that the lowest tem-
peratures in the country from the passing cold
front are expected in the West End portion of
Grand Bahama and the Abacos, where temper-
atures may touch the upper 30s.
"This is the coldest it has been for quite some
time. We have had 41F recorded in New Prov-
idence in 1981," Mr Stubbs said, based on the 30-
year record for the island. Early Thursday morn-
ing, Freeport reported a 51F reading, though no
figures from West End, where it is usually cold-
er, were reported up to press time.
The lowest temperature ever recorded in the


which precedes a child becom-
ing a law-abiding adult or a
criminal adult, coming to the
notice of the community.
"That process begins in the
homes, whether humble or
aristocratic. History has not
yet revealed any useful alter-
natives to the process for the
proper rearing of human
beings.
"By this I am not espousing
brutalisation of children or
anyone. I speak of training."
The president stressed that
the solution to the social prob-
lems of the Bahamas, "like
those of most countries in the
world, lies in the hands of the


Bahamas, Mr Stubbs told The Tribune, was a
350F reading in West End, Grand Bahama in
1977. On that night there was a thin layer of
frost on the lahes in the area.
The cold weather in the Bahamas is a part of
a weather system sweeping the entire eastern
seaboard of the United States.
Temperatures in northern Florida dropped
into the 20s early on Thursday, following tem-
peratures in the 30s in the north of the state on
Wednesday. Miami even dipped as low as 39F
yesterday morning.
Temperatures this morning in northern Flori-
da were expected to drop as low as 20F.
A warming trend is expected late Friday into
Saturday morning in the Bahamas, Mr Stubbs
explained, bringing temperatures back to their
seasonal averages.
The mean daily maximum temperature for
this time of year in the country is 77.7F, with a
minimum of 63.2F. A high in the mid 70s is
expected on Saturday.
Bahamians could be seen bundled up all across
the island in jackets and warm hats. One motorist
with whom The Tribune spoke in the P'almdale
area said, "1 getting' deep under my blanket
tonight. This some serious cold."


citizenry as a whole and not
any particular group or seg-
ment."
Dame Joan said that
Bahamians should examine
themselves honestly with
regards to the social ills fac-
ing this nation.
"What is required, I think, is
that each man, woman, boy
or girl examine him or herself
and consider whether he or
she has in any way contributed
to or condoned or encouraged
any breach of the law, either
with regard to themselves of
other persons.
"And, where any of us find
that we may have so acted, we


Hunt to find country's dream home


A YOUNG and talented
Bahamian entrepreneur is lead-
ing an initiative to find the coun-
try's best dream homes and
giving the public a chance to
cash in by displaying their deco-
rative talents and treasures.
Tristan Beneby of Dream
Entertainment is offering
Bahamians the opportunity to
win a cash prize, just by show-
casing their homes as part of the
first ever Lifestyles Home Con-
test. "The Christmas season has
just passed and Bahamians
maintained the local tradition of
investing time, effort and money
to decorate their homes for the
holidays," said Mr Beneby in a
statement. "Lifestyles Home
Contest will give participants the
opportunity to display their
homes to an international audi-
ence."
The contest started on Janu-
ary 1 and will culminate with the
grand prize winner being
announced on March 1 at
Dream Home 2008 at the Wyn-
dham Nassau Resort and Crystal
Palace Casino.
The winner will receive $1,000
in cash and prizes. The winning


Contest gives residents chance

to showcase their properties


home also will be the first
Bahamian home to be featured
in MACO Magazine, a leading
Caribbean design magazine that
is distributed throughout the
world. Mr Beneby said interest-
ed persons can complete an
entry form online at www.drea-
mentertainmentltd.com and
upload photos of their home as
well as a brief description.
Online voting will begin on
January 20 and the three most
popular homes will be selected
as finalists. The top three homes
will be judged by a team of
design professionals, Mr Beneby
said.
MACO Caribbean Living has
been described as "the epitome
of Caribbean elegance, creativi-
ty and style, showcasing the
region's finest architecture, art,
landscaping and gastronomy".
Around 50,000 copies of
MACO Caribbean Living are


reportedly distribu'lcd through-
out the world four times a year
in retail stores, airport lounges
and hotels.
The grand.prize winner of
Lifestyles will be featured in the
June 2008 issue.
Said Mr Beneby: "It is no
secret that we as Bahamians love
to decorate our homes and gar-
dens. It is also no secret that we
love to show off our decorating
skills to each other. Lifestyles
Home Contest gives amateur
and professional designers an
opportunity to showcase their
homes to an international audi-
ence."

RAY SMITH

Everybody is' talking about
Calypso Matn.
RVIMSUWAUS ,: :,


not to repeat the wrong doings
of the past," said the presi-
dent.
She also reminded Bahami-
ans that life does no revolve
around any one person.
"We are all here for a limit-
ed time and we are required
to do as much good as we can
each day, for no one has
promised us tomorrow. Any-
thing else is just wishful think-
ing," Dame Joan said.


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Brrr ... Bahamians shiver'as, temperat.,re

looks set to plummet to low 40s' i
ilI







PAGE 4,FIDAYJANUARTY4I,28 THESTTOITBEETURN


SIS 2008 the new 1968? You might think so,
given all the comparisons we're seeing between
then and now. World turmoil, assassination, an
unpopular war and a wide-open presidential
contest make it tempting to draw such parallels
(and there is, of course, that 40th-anniversary
hook), but they are of a type that generally
make serious historians cringe.
To study history is not to look at events and
dates in isolation, but rather to seek an under-
standing of causes and effects, of movements
and trends. Viewed this way, it's hard to see
what this new year could truly have in com-
mon with that time of Vietnam, of Kennedy
and King, of Humphrey and Nixon. Except for
one thing: Like 1968, 2008 promises to be a
watershed year.
It isn't the upcoming presidential election
that will make it so, so much as the enormity of
the questions that this election will decide.
Looking at the issues we as a nation are grap-
pling with, from Iraq to global warming, it's
not hard to envision looking back at 2008 and
describing it as transformational.
But what makes this even more likely is the
approach of two other elections this year, elec-
tions in which American voters will have no
say but that stand to greatly affect the world in
which we will live. The first is.scheduled to take
place in Pakistan on Feb. 18, the second in Rus-
sia on March 2.
Pakistan, neighbour to Afghanistan and the
ideological birthplace and current refuge of the
Taliban, is the real central front of the war on
terrorism. But it is more than that, as one hopes
more Americans are beginning to appreciate. It
is the only Muslim country with an arsenal of
nuclear weapons, one increasingly shaken by
political instability. And its proximity to long-
time foe and fellow nuclear power India make
it a place where one can imagine the horrible


GENERATIONS of children grew up reading
comic books on the sly, hiding out from parents
and teachers who saw them as a waste of time and
a hazard to young minds. Comics are now gaining
a new respectability at school That is thanks to an
increasingly popular and creative programme,
often aimed at struggling readers, that encourages
children to plot, write and draw comic books, in
many cases using themes from their own lives.
The Comic Book Project was started in 2001 by
Michael Bitz at an elementary school in Queens,
New York. Bitz now serves as the director of the
project, which is run out of Teachers College at
Columbia University. Since its creation, the pro-
gramme, which is mainly conducted after school,
has spread to more than 850 urban and rural
schools across the country. It has had a big push
from the current craze among adolescents for
comic book clubs and for manga, a wildly popu-
lar variety of comic originating in Japan.
The point is not to drop a comic book on a


vision of nuclear war becoming a reality.
The way in which Pakistan's upcoming elec-
tions (postponed from Jan. 8 in the wake of
Benazir Bhutto's assassination) proceed, and
how they are perceived by the Pakistani public,
will tell us a great deal about whether that
nation can and will pull itself back from the
brink of chaos. Chaos in Pakistan is something
to be feared greatly.
It wasn't that long ago that chaos was some-
thing to be feared in nuclear-armed Russia, as
well remember all the health scares and coup
rumours in the Yeltsin years? But today's Rus-
sia is a very different nation from the one in
which Boris Yeltsin handed his deputy Vladimir
Putin the presidency on New Year's Eve 1999.
The worldwide spike in oil prices brought on
in part by the invasion of Iraq has the Russian
economy booming, and Putin has used Russia's
energy wealth to resurrect his nation's status
as a world power.
By endorsing First Deputy Prime Minister
Dmitry Medvedev for the upcoming elections,
Putin made it seem likely that he will continue
to exert a strong influence on Russia's course
after his term ends, possibly through the office
of prime minister. What this will mean for a
resurgent Russia's actions on the world stage
and where U.S. interests are concerned may
depend in part on how our own government
deals with an election that will probably signal
serious concerns for the future of Russian
democracy.
So forget 1968. The new year will carry its
own, unique challenges. The plot is thickening
in our global drama, with the United States no
longer the only important player on stage. And
no script from 40 years ago can tell us what's in
store.
(This article was written by Dan Rather of
the Hearst Newspapers c.2008).


child's desk and say: "read this." Rather, the
workshops give groups of students the opportu-
nity to collaborate on often complex stories and
characters that they then revise, publish and share
with others in their communities.
Teachers are finding it easier to teach writing,
grammar and punctuation with material that stu-
dents are fully invested in.
And it turns out that comic books have other
built-in advantages.
The pairing of visual and written plotlines that
they rely on appear to be especially helpful to
struggling readers.
No one is suggesting that comic books should
substitute for traditional books or for standard
....reading and composition lessons. Teachers who
would once have dismissed comics out of hand
are learning to exploit a genre that clearly has a
powerful hold on young minds. They are using
what works.
(A New York Times editorial).


The Tribune Limited
NULLIUS ADDICTS JURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master

LEON E. H. DUPUCH, Publisher/Editor 1903-1914

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G.,
(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972 -
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, P.O. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. F-485, Freeport, Grand Bahama

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352

Is 2008 the same as 1968?


EDITOR, The Tribune.
MANY and varied are the
ways ini which people engage
in the worship of God. There
are those Christians who place
high priority upon liturgy and
a highly organised form of
worship. Then, there are those
who worship in a quiet man-
ner, placing emphasis upon
meditation and listening to the
prompting of the Spirit of
God. Still others worship with
great vigour, expressing them-
selves in the singing of hymns
in a spirited manner, and mov-
ing to the rhythm of drums
and other instruments which
encourage a lively manner of
worship. It is most important,
yea utterly essential that one
should exercise great respect
for the manner in which oth-
ers worship God, whatever
may be his/her religious per-
suasion or religious convic-
tion. Concisely, no one should
ridicule the manner, in which
another person worships the
Lord.
Such being the case, I would
like to take this opportunity
to declare how utterly dis-
turbed I was to read the caus-
tic comments of Mr John Mar-
quis with regard to the week-
ly televised broadcast services
conducted by the Bahamian
leader in, the ministry, Bishop
Neil Ellis. Whatever may be
thib gentleman's most deeply
held convictions apd beliefs,
it is submitted that it is most
disrespectful of him to
describe the religious pro-
gramme of this Bahamian pas-
tor as "the funniest show on
TV". And while he may con-
ceive of the Bishop's preach-
ing as "utterly priceless brand
of hilarious demagoguery",
there must be many in the
Bahamas who find it a source
of spiritual strength and nour-
ishment. As a minister of the
gospel, I take grave exception
to anyone poking fun at the
serious challenge involved in
the proclamation of the
gospel
One of the clergy persons,
who has exerted a tremendous
amount of influence upon me,
and whose lessons have guid-


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ed me throughout my ministry
was the late Rev Dr "Father"
Hugh Sherlock, Founding
President of The Methodist
Church in the Caribbean and
the Americas. He often
advised me, "Emmette, always
show respect to everyone.
Every person is entitled to
fundamental respect, because,
he/she is created in the image
of God." I have, therefore,
tried to live by this principle in
all relationships and dealings
with others. I try to respect all
regardless of colour, race or
creed.
Thus, although a Methodist,
I have the greatest respect for
the way in which Christians of
other denominations worship,
especially as, at this age and
stage in my life, I am called
upon to minister to congrega-
tions of other denominations.
Indeed, this approach is
extended beyond the bounds
of the Christian faith, as I
greatly respect the manner in
which Jews, Muslims, Hindus,
Buddhists and adherents of
the other great religions of the
world, express their-reverence
for the Deity. For, as we are
advised in the Westminster
Confession "The true end of
man is to worship God and
enjoy Him.forever!"
It is, therefore, most dis-
tressing and disturbing to me


to witness a columnist of a
leading newspaper casting
ridicule upon the preaching of
_ aBahamian clergyman, who,
whatever his human short-
comings, has proved to be
very effective in his ministry.
One who has arisen from
childhood in the island com-
munity of Bimini to lead one
of the largest congregations in
the Commonwealth of the
Bahamas must have done
something right. As such, he is
entitled to "fundamental
respect" and should not be
portrayed, or rather carica-
tured, as some "big time"
Christian comedian! Mr Mar-
quis may find his preaching
amusing, but there are many
in the Bahamas (and many
more in the USA for that mat-
ter) who don't!
It is, therefore, the consid-
ered opinion and hope of this
writer, that this highly respect-
ed journalist (evidenced in the
many favourable letters in
response to his contributions)
should, in turn, demonstrate,
in the coming new year, more
-respect, and exercise more
compassion and discretion in
his highly critical judgments
of the performance of others.
As the master hath warned,
"do not judge, or you too will
be judged." (Matt 7:1, NIV).
Yours in Christian bonds,
REVDR J
EMMEITE WEIR
Grand Bahama,
Bahamas,
December 26. 2007.


Control access


to Potter's Cay
EDITOR, The Tribune.
I HAVE been following the reporting of the accident of Sir
Arlington Butler and his wife at Potter's Cay Dock on Thursday,
December 27, 2007. There have been many calls for the Govern-
ment to place more barriers so that cars do not go over into the
Ocean. We went for our monthly walk there on Saturday, Decem-
ber 30, 2007 and looked carefully at the barriers. There are many
of them and they are big and strong and quite good enough for nor-
mal circumstances. What can be done when people are careless or
panicky and the car accelerates into the water? Eight people have
died in recent years because of this. 4
Potter's Cay Dock may be interesting for the public and tourists
to view the ships and to buy fish but it is a serious place of business.
This is not childs play. People are working and earning their living,
loading and unloading goods. My solution is that access to Potter's
Cay should be controlled. If there is a legitimate reason for the per-
son or persons to go there, then they should be permitted. Also per-
sons going to view the area or to buy fish should not be permitted
to park there. They can park elsewhere outside the dock and walk
in. There is an urgent need for some kind of control such as I sug-
gest.
PHILIPPA MARSHALL
Nassau,
January 1, 2008.


^*3S:a0pt %atti t bjurtsji

"Blessed are the
PEACEMAKERS: for
they shall be called the
children of God."
SUNDAY SERVICES
7:D0ant. 9:0am, 11:15am
PASTOR EARLE FRANCIS J.R,D.D.
Marriae Officer. Counselor. Intenessor
eno: 323-6452 393-5798
Fax: 326-4488/394-4819






Professional marine navigation doesn't happen
by accident. Study and learn theoretical and.
practical aspects by enrolling in the Terrestrial
Navigation Course offered by The Bahamas
School of Marine Navigation. Plan to attend
the free first class on Monday, January 7, 2008
at 7pm at BASRA Headquarters on East Bay
Street.

Telephone the school:
364-5987, 364-2861 or 535-6234
for details and fees.


Disturbed at




comments




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Comic books in the classroom


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THE TRIBUNE


PAGE 4, FRIDAY, JANUARY 4, 2008 ....







FRIDAY, JANUARY 4, 2008, PAGE 5


THE TRIBUNE


0 In brief


Crash victim's

justice fight

set to take a

step forward

CRIPPLED road crash vic-
tim Daniel Williams' 18-year
fight for justice moves a step
forward later this month.
He will appear before a court
registrar on January 25 to seek
enforcement of a $900,000 court
order against the man who was
found liable for his injuries.
Mr Williams, 38, a former
basketball player, was left bad-
ly deformed by injuries suffered
in a two-vehicle crash in Collins
Avenue in 1990.
He was one of five young
people in a car struck side-on
by a truck that jumped a red
light. A girl died in the crash.
Mr Williams, once a super-fit
athlete with ambitions of
becoming a basketball profes-
sional, was left paralysed from
the neck down.
Subsequently, he secured
judgment against the truck dri-
ver, Mario Bowe.
On January 25, his lawyer Dr
Peter Maynard will seek
enforcement of the judgment in
front of a registrar.
Mr Williams told The Tri-
bune: "It's been a long wait, but
I'm hoping we can move for-
ward from this point."


Cash taken in

two gunpoint

robberies
Police reported two robberies
on Wednesday in which small
amounts of cash were taken at
gun point.
According to police press liai-
son officer Inspector Walter
Evans, a Quickcell booth on
RobinsonRoad near RM Bai-
ley High School was robbed
sometime before noon.
Mr Evans reported that a
female employee was in the
booth when a dark skinned gun-
man approached her and
robbed her of a small amount of
cash and some phone cards.
The robber escaped on foot.
The second incident occurred
around 4pm at the Village
Store.
Two men reportedly entered
the establishment and asked the
female employee if she could
change some money for them.
As the employee began to do
so, one of the men produced a
handgun and robbed her of a
small amount of cash and a few
phone cards.
The assailants escaped on
foot in an unknown direction.
Police investigatioiB into both
matters are continuing.

INTERNATIONAL NEWS

Cuban priests

predict year

of violence

* HAVANA

More violent robberies and
wars are on the way in 2008,
along with dangerous forest
fires, and this may be the year
global warming unleashes
worldwide catastrophe. But
with hard work and moral dis-
cipline, the planet's people just
might turn things around,
according to the Associated
Press.
That is the word from 950 top
priests of Cuba's Santeria reli-
gion, who gather every New
Year's Eve for religious chanti-
ng and animal sacrifices and to
make predictions for the com-
ing year.
In their forecast released on
Wednesday, the priests warned
"Cuba and the world" of height-
ened danger from forest fires,
"violent robberies" and "seri-
ous climate irregularities."
But there is still time to seize
the moral high ground, reduce


violence and slow climate
change, Priest Lazaro Cuesta
told a news conference.
"There is still hope because
there are still possibilities," he
said.
Santeria, a mix of spiritual
traditions carried to the
Caribbean by African slaves
and Roman Catholics, is widely
practised in Cuba, even by some
members of the Communist
Party.
The priests declined to direct-
ly address the health of Fidel
Castro, 81, who has not been
seen in public since emergency
intestinal surgery in July 2006.


1967: UBP and PLP leaders





try to break poll deadlock


LYNDEN Oscar Pindling, Premier of the Bahamas, addressing members of the Bahamas
Hotel Association on Wednesday, February 8, 1967. Mr Pindling pledged continuing
support for the tourism industry and new studies into potential market areas. Mr.Pindling
had been invited to form the government on January 14, 1967.


* By RUPERT MISSICK Jr
Chief Reporter
rmissick@tribunemedia.net


days followed
the January 10,
1967 election, as
the leaders of the UBP and PLP
vied for the support of two inde-
pendent members to break their
18-18 tie.
While this was going on, mem-
bers of "the old guard" and
British interests were concerned
that a PLP win would result in a
takeover by Castro's Cuba and a
folding of the Bahamian econo-
my.
Observers in London said that
the UBP underestimated the fact
that colour was producing new
political alignments everywhere
and that civil rights struggles in
the United States had a stronger
echo in the Bahamas than
Caribbean or African national-
ism.
The deadlock between the
UBP and PLP was described
internationally as a "political cri-
sis".
Leader of the PLP Lynden
Pindling was told by governor
Sir Ralph Gray on July 12, after
Mr Pindling told the governor
that he had enough persons to
form a majority, to report back to
him when he was able to show
definitive support for a govern-
ment.
On July 13 Mr Pindling still
awaited permission from Sir
Ralph and had approached the
governor asserting that he now
had the support he needed.
Mr Pindling conferred with the
possible tie breakers an Inde-
pendent, Alvin Braynen, and a
Labour Party member Randol
Fawkes.
"I have come to an under-
standing with both," Sir Lynden
told the governor.
The two shifted the balance of
power in a House whose only
other members were split down
the middle between the PLP and
long ruling UBP.
Primer Sir Roland Symonette,
according to reports of the time
"silently awaited results of the
political maneuvering".
However, the establishment
seemed to remain uncertain of
what a black majority govern-
ment would mean for the
Bahamas going forward.
A January 13, 1967 report
from Associated Press writer
Theodore Ediger sated that gov-
ernor Sir Ralph had expressed
concern that the United States
would be adverse to a PLP vic-
tory.
"The US Defence Department
is extremely interested in the out-
come (of the election). After all,
they have three missile tracking
stations on Grand Bahama,
Eleuthera and San Salvador and
an underwater base at Andros,
and they want to be sure this
place is going to stay stable.
"I think they are also fright-
ened that if the PLP won, Cuba's
Castro could eventually use this
as a beach-head," the AP report-
ed.
Mr Pindling did not let Sir
Ralph's concerns go unanswered
however. Reports from the time
carried the PLP's assurance that
the US would welcome a PLP
victory and, according to an AP
report of the day it would be


ON APRIL 18, 1967 Mr Pindling receives a miniature replica of the famous gateway Arch in
Saint Louis, Missouri, from Howard L McVitty, director of public relations for the Bahamas
Ministry of Tourism. The memento, containing a key to the city, is engraved with the signature
of Mayor A J Cervantes.


The second in our series recording events
leading up to majority rule in the Bahamas


"more pro-American than the
Bay Street Boys".
On the July 14 Sir Ralph
retracted the statement.
The concerns about the new
government being exploited by a
Cuba interested in using Bahami-
an shores as a "stepping stone"
to the US were echoed by a Jan-
uary 12, 1967 editorial in the
Times of London: "It (the new
government) must also conserve
good relations with the United
States government which
inevitably sees the Bahamas as
stepping stones to Cuba and a
real menace if in the wrong
hands."
It should be kept in mind that
the election took place only five
years after the Cuban Missile
Crisis, which began when US
reconnaissance photographs
revealed missile bases being built
in Cuba, and'ended when US
President John F Kennedy and
Soviet Secretary General Nikita
Khrushchev, with the interces-
sion of the UN secretary-general,
reached an agreement under
which the missiles were with-
drawn.
Tensions between the US and
Castro's Cuba rose to a new lev-
el following that incident.
Some British authorities were
convinced that there would be
ready ears among black Bahami-
ans for the teachings of Castro if
economic conditions were to
worsen.

Frustrated

In addition to the fears of a
Cuba ready to pounce on an
unsuspecting Bahamas, there
were fears from London that
"the upset election that thrust
negro leaders toward power in
the Bahamas might in time turn
the tourist haven to instability".
Persons who were described
as "responsible informants in
London", were concerned that
"Pindling's less sophisticated fol-
lowers would feel frustrated and
angered if their interests wete
given second place to those of
foreigners including the Ameri-
cans who maintain some impor-
tant defence installations in the
islands".
As usual, Mr Pindling was
ready with a quick word to reas-
sure the nation.
He told a press conference that
he wanted to allay any fears
which might be held by the
minority white population or by
foreign investors about what
would happen if he should
become premier. "I hope they
realise that we are for every-
body," he said.
British and American capital,
Mr Pindling said, "Is quite safe
and I don't think investors will
withdraw their cash before they
see what we are going to do. And
I can't see us doing anything to
cut our won throats," he said.
However, according to reports
of the day, a British frigate -
HMS Defender was standing
by in Bahamian waters as a
"reminder of Britain's resolve to
preserve the stability of the
Islands".
Mr Pindling was reportedly
aware that "the ruling whites


have pictured him as an incom-
petent rabble-rouser whose par-
ty doesn't have enough talent to
run the colony".
To this he said: "The most
important job in our first 100
days will be to prove we can rule
Sufficiently, effectively and with-
out reprisals against those who
once ruled."
The Times Editorial offered
an analysis as to why things
changed in the Bahamas: "The
(UBP) became overconfident
while Mr Pindling was working
hard to improve his party
machine and its finances. The
Bay Street business community
forgot that colour is producing
new political alignments every-
where.
"Civil rights struggles in the
United States had a stronger
echo in the Bahamas than
Caribbean or African national-
ism."
The Times made the point that
while ordinary Bahamians had
prospered during the last years of
the UBP era, "They can see that
the commercial elite has done
even better."
Mr Pindling charged that the
opposition UBP was unsuccess-
fully attempting to sabotage his
party by scaring off foreigners
and blaming it on the PLP.
Mr Pindling was officially invit-
ed by the governor to form the
government on January 14,1967
and as history would prove, the
concerns over a declining econ-
omy and a communist take over
because of PLP rule were
unfounded.
According to the January 15,
1967 edition of the Miami Her-
ald, Nassau "remained packed
with winter visitors, not a single
act of violence was recorded fol-
lowing the political turmoil of
the last four days."
In the end, the country's tran-
sition to majority rule was peace-
ful; a "bloodless revolution" in
stark contrast to the experience
of many countries which threw
off British rule in the preceding
years.
These lines from a January 14,
1967 edition of the Herald put it
succinctly: "The formal end of
three centuries of white rule
came quietly and unceremoni-
ously Saturday in contrast to the
jubilant celebration that greeted
election results Tuesday night.
"The horse drawn surreys
were ambling through Nassau's
narrow streets pulling starry-eyed
American honeymooners and
the bartenders at the hotels were
inventing "Pindling cocktails".
In a speech made by Mr Pin-
dling on January 16, 1967, his
first press conference as premier,
he said that "A great powerful
force has been unleashed in these
Bahamas Islands. It is my belief
that this force will make our
national motto 'Expulsis Piratis,
Restituta Commercia' a reality."


T IAL
EXERIATORS"
PES COTRO
PHN: 2I25


MR PINDLING received an official welcome as he arrived in Los Ang6les
airport in August 1967 for Nis visit to the convention of the Improved
Benevolent and Protective Order of Elks. From left, Gilbert W Lindsay, Los
Angeles city councilman; Mr Pindling; Hobson R Reynolds, Grand Exalt-
ed Ruler. Mr Pindling received the order's Lovejoy Award.






Merchant Services Officer

Bahamas Card Centre

The successful candidate should possess the following
qualifications:
College Degree in Banking (or a related field)
5 or more years Banking Experience
Knowledge of visa/mastercard processing rules and *
chargeback regulations is preferred
Previous experience in Card Services would be an asset
Key Skills:
Excellent Sales & Marketing skills
Teamwork & Co-operation
Problem solving
Confidentiality
Leadership
Ability to work in tight timelines
Microsoft Office Proficiency
Responsibilities include:
Working in collaboration with Commercial Financial
Services & Personal Financial Services partners
Acting as primary point of contact for merchants in
assigned area
Working with Regional Manager, Merchant Services to
research, develop and implement strategies to respond
to evolving needs of our Merchants
Responsible for on-going review of merchant
profitability and pricing in The Bahamas
Assisting with the overseeing of equipment supply and
demand etc.
Responsible for developing strategies to grow, attract
and retain merchant business in The Bahamas
Responsible for implementing activities to improve
Merchant Satisfaction
A competitive compensation package (base salary &
bonus) will commensurate with relevant experience and
qualifications.
Please apply by January 8, 2008 to:
Regional Manager
Human Resources
Caribbean Banking
Royal Bank of Canada
Bahamas Regional Office
East Hill Street
P.O. Box N-7549
Nassau, N.P., Bahamas
Via fax: (242)328-7145
Via email: bahcayjp@rbc.com








PAGE~~~~~~~~ 6,FIAJNAY420 H RBN


BAHAMAS' OLDEST MORTUARY
MARKET STREET
P.O. BOX GT-2097 TEL: 323-5782




JENNIE SONIA
HAMILTON
CARTWRIGHT, 68

a resident of Cottonwood Street,
Pinewood Gardens and formerly
of Blanket Sound, Andros, will
be held at New Hope Missionary
Baptist Church, Joan's Height
West, on Saturday at 11:00 a.m.
Officiating will be Rev. Elmond
Rodney King, assisted by Pastor
Joseph Thompson and other ministers. Interment follows in
Woodlawn Gardens, Soldier Road.

Left to cherish her memory are four (4) sons, Peter Conliffe,
Iendal Hamilton, David Hall and Samuel Cartwright; three
(3) daughters, Portia Laing, Florence Barry and Virginia
Cartwright Davis; three (3) daughters-in law, Joycetina Conliffe,
Christine Hall and Jacquelyn Cartwright; one son-in- law,
Charles Laing; two (2) sisters, Virginia Stewart and Althea
Hamilton; two (2) brothers,Carvell and Larry Hamilton; one
(1) brother-in-law, Wellington Stewart; three (3) sisters-in-
law, Ethelyn Wilson, lonie and Zelpha Hamilton; nineteen
grandchildren, Marco, Peter Jr., Tishka, Diondro, Vashti,
Davisha, Daevinia, Martin, Bianca, Lloyd, lan, David Jr.,
Darius, Tariq, Shantique, Avery, Simone; two (2) great-grand
children, Petrinique and Kashawn Conliff; seven (7) aunts,
Viola Marshall, Mildred Bauld, Constance Evans, Patcina
Gray, Margaretta Ferguson, and Lillian Belle; three (3) uncles,
Neville Simmons, Audley and Bernard Fowler; five (5) nieces,
Annamae Roker, Shelly Rolle, Kelly Thurston, Debra and
Janice Hamilton; seven (7) nephews, George, Wellington,
Shermon, Carvel, Michael, Omar and Jason, a host of other
relatives and friends including, Reverend and Mrs. Elmond
King and family, the entire New Hope Missionary Baptist
Church family, Reverend Joseph Thompson and family, and
the entire Bread of Life Baptist Church family, the Honorable
Byron Woodside, Basil, Hiram, Raymond, Neville, Felix, J.P,
Lionel and Bruttnel Munroe, Rosemarie Johnson, Elgrenita
Woodside, Dianne Femander, Fredricka Hepburn, Bishop V.
G. Clarke and family, Val Scott-Wells, Donnella Hamilton
and family, Patricia Scott, Florence Johnson, Veronica Nesbitt,
Lisa Albury, Maggie Thompson, James Connolly, Eulamae
Larrimore and family, Pearline Henfield, Mae Moss, Sylvia
Thompson, Lyford Cay Club family especially the Kitchen
staff, Sarah Saunders, Fletcher Ferguson, Willy John, the
Flowers family; two (2) godchildren, Urshula Larrimore and
Rabella Tinker, Mrs. Spacie Bulter-Pinder and family, Mr. and
Mrs. Willie Neal, Annette Moss, Icelyn Rolle, Mr. and Mrs.
Winston Bonimy, Mr. and Mrs. Sharon Strachan, Coutreznie
Stubbs and family, officers and members of Curfew Lodge
816, and the family of Cottonwood Street Pinewood Gardens.

Friends may pay their last respects at Demeritte's Funeral
Home, Market Street, from 10:00 a.m.-6:00 p.m. on Friday
and on Saturday at the church from 10:00 a.m. until service
time.


RUDOLPH
ALEXANDER
"Red-eye",
"Grandpa"
BURROWS, 70

y a resident of Fritz Lane, will be
held at Metropolitan Baptist
Church, Hay Street West &
Baillou Hill Road, on Saturday
at 10:00 a.m. Officiating will be
Rev. Dr. George Kelly, assisted
by Apostle Gerardo Major. Interment follows in Old Trail
Cemetery, Old Trail Road.

Left to cherish his memory are his 3 sons, Donald Burrows,
A.S.P. Kingsley Burrows and Rudolph Billy Burrows Jr.; 8
daughters, Alice Dames, Louise Smith, Ruth Brown, Naomi
Chipman, Maria Wood, Ismae Cadiz, Christine Wood and
Linda Newbold; 1 sister, Florance Thompson; 1 uncle, Abraham
Rolle; 2 daughters-in-law, Alanna and Michelle Burrows; 3
sons-in-law, Reuben Cadiz Sr., Joseph Wood, and Kermit
Newbold; 37 grandchildren, D.C. 2768 Donald Adderley,
Kingsley Jr. and Chante Burrows, Angelo Dean, P.C. 2991
Concencion and Shiann Burrows, Lakeisha and Dino Burrows,
Sharine Weir, Glendina and Kimberly Newbold, Sophia,
Johnny, Henry, Ryan and Alexis Dames, Kendera Delaney,
Shafena and Cpl. 2489 Montgomery Brown, Annalisa Dames,
Mario Thompson, Zanadette and Reuben Jr. Cadiz, Rico Brice,
Angie Dames, Chantel Dames, Indera, Lashonda, Lashann;
Treze and Kendice; 4 nephews, Courtney, Keith, Don and
Kennedy Thompson; 32 great grandchildren, Hailee Rudolph
Williams, Jameisha, Jamal, Mequel and Henrietta Feaster,
Tashara, Onnasis, Kevin Jr., Johntasia, Ryanna, Raven, Ryan
Jr. Dames, Talianna, Anthony Dames, Kerlin and Keiara King,
Leonardo Brown, Chelsen, Idalyah, T'Quuain, R'here, Ta'here,
Tanisha Demeritte and Destiny Pratt, Keyann, Devona, Chrissy,
Nelly and Alliah; cousins, Fanny James, Leroy and Henry
Rolle, Anthony Miller, JeAery Thompson, Marilyn Thompson,
Donnamae, Pearline, Emily Rolle, Kathleen Green, Gladys
Dawkins, Tetrese Henfield, Loletta, Stenqet Henfield, Louise
Peterson of Belle Glad Florida, Lakeisha, Charmine, Nicole,
Emmanuel, Anastasia, Randy, Margo, Sharon, Bernard, Davon,
Deangelo, Rashad, Dendra and Natasha, Rose Deveaux,
Freeland Deveaux, Vincent King and family, Darreth Russell,
Clement, Kerlin (Cobra), Kerlin (Ching), Ingrid and Eleanor
King, Deleno Williams, Shandia Ramsey, Theodore Forbes,
Emily Osadebay and family, Mycklewhyte and family; other
relatives and friends, Lelia, Hetty Goodman and family, Marina,
Janet, Miss Rolle, Ormand Russell and family, Junior Neymour
and family, Mildred Pratt and family, Stevie Johnson and
family, Sybil Butler and family, Dexter Sands and family,
Raphlita, Roots Junkanoo Group especially the Back Line,
Fritz Lane family, Toote Shop Corer family, the Maintenance
Dept. of The R.B.P. F, Uriah McPhee Security Dept., Ruby
Rolle and family, Rose Forbes and family, the King family,
Sandiland's Laundry Dept., Swiss Financial family, P.L.P.
Farm Road, doctors and nurses of Male Medical #1 of PMH,
F.N.M. Farm Road, and Lucky #3 Food Store family.

Friends may pay their last respects at Demeritte's Funeral
Home, Market Street, from 10:00 a.m.-6:00 p.m. on Friday
and on Saturday at the church from 9:00 a.m. until service
time.


Fi E C F E c t t e m n n c l tt r a w k


CHIEF PETTY Officer David Longley along with a Defence Force recruit having a casual chat with one of the young men at Simpson Penn.




Defence Force recruits perform charity work


THE training staff and
recruits of New Entry 44 of
the Royal Bahamas Defence
Force visited the Simpson
Penn Centre correctional facil-
ity for boys, where they per-
formed a myriad of tasks.
The men and women of the
Defence Force worked along
with the young men of the
school throughout the day on
a variety of projects, includ-
ing the repainting of the dor-
mitories.
One of the highlights of the
day was the launch of a "Big
Brother" programme. Each of
the recruits was paired up with
one of the young men, for
whom they acted as mentors.
The young girls from the
Williemae Pratt Centre were
also a part of the activities at
the school. The residents from
both schools were given pep
talks by the training staff, and
participated in a variety of
physical fitness exercises,
parade drill displays and a few
games of basketball and tug a
war.
The staff and residents of
both schools said they were
grateful for the kind gestures
of the officers and marines,
and look forward to their con-
tinued support.

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your

news
The Tribune wants to hear
from people who are
making news in their
neighborhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.
If so, call us on 322-1986
and share your story.


I LCLN WI


PAGE 6, FRIDAY, JANUARY 4, 2008


THE TRIBUNE










SI S -0,00, 0n

HONOURED: Donald
Thomas was named
the Senior Male Ath-
# lete of the Year during
t, the Bahamas Associ-
ation of Athletic Asso-
"" clations' (BAAA) Gala
S.Awards Banquet at the
j ,,! ,Sandals Resort on Fri-
day, December 28.
V Minister of State for
Youth and Sports
Byran Woodside (left)
presented the award
to Donald Thomas'
brother Devaugh
Smith (centre) and
mother Pamela Rus-
sell Thomas, who
g accepted on the ath-
' late's behalf.


Haiti saluted for 204 years of independence



Bahamas takes helm of



OAS permanent council















LEFT: Pictured is Bahamas Ambassador to Washington C A Smith. RIGHT: ARGENTINA'S Ambassador Rodol-
LEFT: Picture is Bahamas Ambassador to Washington C)A Smith. RIGHT: ARGENTINA'S Ambassador Rodol-
fo Gil hands the ceremonial gavel to Bahamas Ambassador to Washington, C A Smith, during a brief hand-
ing over ceremony at OAS headquarters on Wednesday, January 2. Ambassador Smith assumed the
three-month rotating chairmanship of the Permanent Cotnicil of the Organisation of American States
(OAS).


THE New Year has ushered
in new leadership at the
Organisation of American
States' permanent council,
with Bahamian Ambassador
Cornelius A Smith assuming
the three-month rotating
chairmanship.
Ambassador Smith was
installed after his predecessor,
Argentina's Ambassador
Rodolfo Gil, passed on the
gavel during a brief handing
over ceremony at OAS head-
quarters, with member state
ambassadors and representa-
tives as well as Secretary Gen-
eral Jos6 Miguel Insulza and
Assistant Secretary General
Albert Ramdin in attendance.
Using the occasion to reaf-
firm the country's "steadfast
commitment to the organisa-
tion's vital role in the preser-
vation and strengthening of
democracy in the Caribbean
and the Americas," Ambas-
sador Smith said that during
its leadership of the perma-


nent council, the Bahamas
would further emphasise the
core OAS principles of "sup-
porting and promoting good
governance, democratic val-
ues, respect for law and order
and the protection of human
rights."
The envoy went on to
express the "unequivocal
pledge" of the Bahamas to
help promote the principles
of democracy and human
rights, multidimensional secu-
rity and integral development
as the pillars of the OAS.
Ambassador Smith declared
that during the forthcoming
three months, the Bahamas
will do its best to advance the
goals of the Western Hemi-
sphere organisation.
He also took the opportu-
nity to salute the people and
government of the Republic
of Haiti on their attainment
of 204 years of independence
on January 1.
For his part, Argentina's


permanent representative,
Ambassador Gil, expressed
appreciation for the support
he received during his tenure
at the helm of the permanent
council, the OAS' second
highest decision-making body
after the general assembly.
Welcoming the new perma-
nent council chairman, Assis-
tant Secretary General
Ramdin who is also secre-
tary to the permanent coun-
cil said the OAS secretari-
at is very pleased and looks
forward to a "strong, produc-
tive relationship."
Mr Ramdin cited the keen
interest demonstrated by the
Bahamas in the affairs of the
hemisphere, beyond its imme-
diate national agenda, as very
important. "We look forward
to the Bahamas' leadership in
discussing budgetary methods
as well as leadership in terms
of strengthening the develop-
ment agenda of the OAS," he
said.


THE BAR ASSOCIATION'S SPECIAL LUNCH GUEST


Advice offered on practical money

management and biblical principles


THIS month, people across North America
and in Nassau are expected to crowd auditori-
ums, church sanctuaries and halls to hear advice
from Crown Financial Ministries on practical
money management skills and biblical princi-
ples.
The programme will be seen live via satellite
on the Church Communication Network
(CCN), which is partnering with Crown Finan-
cial Ministries and Calvary Bible Church to
bring "Money Map Live!" to a local and US
audiences from 9.30am to 4.30pm on January
26. "Featuring speakers Howard Dayton, Les
and Leslie Parrott. Ron Blue, Sharon Epps and
Chuck Bentley Money Map Live! offers
money management skills and biblical principles
to equip participants get out of debt, save for
the future, make ends meet, invest wisely, give
generously, budget effectively and more," said
the organizers in a statement.
Howard Dayton is the co-founder of Crown
Financial Ministries, which says it merged with
Christian Financial Concepts, founded by Lar-


ry Burkett, to form "the world's largest financial
ministry".
Dr Les Parrot is a clinical psychologist and
Leslie is a marriage and family therapist.
Together, they founded the Center for Rela-
tionship Development on the campus of Seattle
Pacific University. The organizers described it
as a "groundbreaking programme dedicated to
teaching the basics of good relationships".
Ron Blue is the author of 12 books on per-
sonal finance from a Biblical perspective, includ-
ing the best-seller, Master Your Money. He is
also co-author of Wealth t, Lo'st.
Sharon Epps, a career L.ink., .Jevuiked a
stewardship ministry which fully integrated the
church culture serving people, evangelism and
missions. Now serving as senior VP to Crown-
Financial Ministries, she works to "multiply
teams and equip leaders to serve, apply and
teach God's financial principles". Chuck Bent-
ley, co-creator of Crown's Money Map, is a
contributor to Saddleback Church's group
series.


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Avai l *II


THE BAR ASSOCIATION OF THE BAHAMAS hosted the Chief Justice of Australia Anthony M Gleeson
to a luncheon at Sun And... Restaurant on Wednesday. Pictured from left are: Justice Emmanuel Osade-
bpy, justice of the Court of Appeal; Dame Joan Sawyer, president of the Court of Appeal; Chief Justice
Sir Burton Hall; Mrs Robyn Gleeson; Anthony Gleeson, AC Chief Justice of Australia; Attorney General
Senator Claire Hepburn; Wayne Munroe, president of the Bar Association of the Bahamas and Ruth
Bowe-Darville, vice president of the Bar Association of the Bahamas.


20081


, \. .~s~i~~~8r
".-., -...:.. ,: ,,\^,. ,, ,
*. ^,- J
W~i^^?>^,., ^ ^ "R ^N'to 4. hmI *


FRIDAY, JANUARY 4, 2008, PAGE 7


THE TRIBUNE








I JU 40T


Immigration

decisions soon

FROM page one

you don't usually expedite
those applications until
you've done all your back-
ground checks and what
not."
However, he added that
the audit exercise was
"helpful" in providing an
opportunity for the depart-
ment to obtain information
that would allow them to
quickly contact individuals
when a decision has been
made.
In August, amid specula-
tion that the audit may have
been organised with ulterior
motives, Haitian lawyer and
social commentator Elizier
Regnier said he felt that
Minister of State for Immi-
gration Elma Campbell had
"good intentions" and
added that such an initia-
tive "should have been done
a long time ago."
Mr Regnier said that in
his opinion those who are
constitutionally entitled to
apply for citizenship should
have their applications dealt
with on a yearly basis, so as
to avoid the development
of backlogs.
Elsworth Johnson, presi-
dent of the Bahamas
Human Rights Network,
urged that the audit not be a
"one off shot" and said gov-
ernment must "fix the sys-
tem" so that backlogs will
not occur in the future.
He highlighted the
alleged under-staffing at the
department as one issue in
need of attention and added
that the department should
inform applicants of how
long their applications are
likely to take, as is the case
in the US.


,i llonuutlrt QItnoll:uit ilt .
Mr. Wendcll G. Dean II. '- r, ,rw
. ,w .a hrfli .',,' lnh a


government is


committed to filling




judicial positions


FROM page one
these judicial appointments
must take place with some
urgency," she said yesterday
as she noted that Justices
Ganpatsingh and Osadebay
will this year reach the upper
constitutional age when
Court of Appeal judges are
required to demit office.
The constitutional retire-
ment age of a Court of
Appeal justice is 68. How-
ever a justice can continue
in office until he is 70 an
extension of two years -
under Article 102 of the con-
stitution.
During her remarks at a
special sitting marking the
opening of the Court of
Appeal's legal year 2008
- Mrs Hepburn also noted
yesterday that during the
Free National Movement's
previous term in office it had
attempted, by referendum,
to amend the constitution to
extend the retirement age of
judges.
"This issue of the retire-
ment age of judges is an
issue not only in the
Bahamas, but around the
world," Mrs Hepburn said.
In her message in the Court
of Appeal's annual report,
Court of Appeal President


" ', .i ..

~~f


Sardonyx Funeral Service for


MR. WILLIAM THEOPHILUS
"Guts, Cherry Man"
CRAVATI JR., 52

of #13 Elizabeth Street, off Parkgate Road
Nassau N. P. Bahamas will be held on
Saturday, January 05, 2008 at n am at Kemp
Road Ministries, Kemp Road. Rev. Dr. Ivan
F. Butler Jr. will officiate and burial will be
in Woodlawn Gardens Cemetery, Soldier
Road.


The Radiance of this "Sardonyx of a Gem" will always glow in the
hearts of his:
Wife: Elaine Ann Burrows-Cravatt;
One Son: Dario Cravatt;
One Daughter: Woman Cadet 16 Willesha Cravatt;
Two Step Sons: Tamico Brice and Police Constable 2759 Kachino
Farquharson Sr.;
Three Step Daughters: Santoya Edgecombe, Anthonique Farquharson,
and Woman Police Corporal 2722 Demetria Capron;
Five Step Grand Children: Kachino Jr., Jurien, Davinia, Reggia and
Matthias;
Mother: Sylvia Cravatt;
Eight Brothers: Mario and Roger Williams, Jamerson Peterson Sr.,
Alton, Walter, Sidney, David and Wilbur Cravatt of Miami, Florida;
Six Sisters: Caroll Perry and Hildia Cravatt of Miami Florida, Shirley
Cravatt-Humes, Williamae Cravatt, Daphinea Bowleg and Desiriea Bascom;
Fourteen Nephews: Jordon, Raymond, Jamerson Jr., Stormie, Georgio,
Donald, O'Neil, Johnny, Edward, Lorin, Dershan, Rickey, Barron and
Tristin;
Twelve Nieces: Shaundell, Sharnique, Tina, Sharvette, Demonia,
Keshonia, Nagulla, Melisha, Christian, Sharika, Jennel and Rashan;
One Uncle: Basil Green of Freeport;
One Aunt: Barbara Ferguson;
Two Step Sons-in-law: Reginald Edgecombe and Police Corporal 933
Kyle Capron;
One Step Daughter-in-law: Coleen Brice;
Step Mother: Shirley Cravatt of Miami, Florida;
Six Brothers-in-law: Raymond Bowleg, Rodney Bascombe of Bermuda,
Alphonzo Perry of Miami, Orthneil Humes, Oscar Ingraham and Bernard
Burrows;
Seven Sisters-in-law: Icelin and Joanne Williams, Barbara Peterson,
Gloria Johnson, Lenore and Ruth Burrows and Stephanie McKenzie;
Other Loving Family and Special Friends Including: Bishop George
Burns, Pastor Timothy Stewart, Rev. Joseph, Richard, Elenor and Helen
Knowles, Felix and Carolyn Johnson J.P., Nursing Officer Yvonne Clarke,
Emma Pinder, Movina Miller, Dennis and Elenor Ingraham, Arnette
Burrows, Virginia and Ethelyn Ferguson, Betty, Theresa and Shavon
Cooper, Renardo Storr, Reginald and Moses Rolle, Christine Hanna, Beryl
Bastian, Debbie Toote, John Lockhart, Samuel Smith, Carolyn Musgrove,
Dwayne Dean, Cherubin Clerisier, Ruby Fowler, Patricia Marshall, Patricia
Coakley, the Greenslade, Goodridge, Dorsett and Coakley Families, Pearl
Taylor, John Adderley, Dashaun Moss, Julie Collie, Cylinda Brown, Rudolph
Bullard, Leroy Saunders, Talimar Charles, Vearl, Nugget, Cutter, Blyden,
Evoise, Visna, Audbrey Hercules, John, Former Club Med Staff, United
Sanitation, Uncor Global Security, Global United Ltd., Old Timers Softball
League, Elizabeth Street, Rupert Dean Lane and West Street Families and
Friends.

The body will be viewed in the "Emerald Suite" Emerald Ridge Mortuary
& Monument Company Ltd. #20 Claridge Road, on Friday, January 04,
2008 from ipm to 6pm and at Kemp Road Ministries, Kemp Road on
Saturday, January 05, 2008 from loam to service time.

Visit our website: www.emeraldridgemortuary.com view video
tributes, sign guest book, send condolence, sympathy, share
memories and make funeral arrangements.


Dame Joan Sawyer noted
that the court continues to
hear most appeals "within
the time limit set, although
this has required a greatly
increased expenditure of
mental as well as physical
energy by a reduced number
of judicial officers."
In her annual message
Dame Joan also noted that
the court has had a number
of appeals "in what used to
be called 'capital' cases
against a statutory back-
ground that has remained
virtually unchanged since
1959."
In response to this Mrs
Hepburn said yesterday that
her office was in the process
of producing the necessary
legislation.
During her remarks yes-
terday Mrs Hepburn also
welconied the Chief Justice
of Australia Anthony M.
Gleeson noting that his visit
was in keeping with a tradi-


tion established by the
Bahamas' judiciary of invit-
ing the Privy Council and
Chief Justices from through-
out the Commonwealth to
the Bahamas to interact with
judiciary and Bar.
Wayne Munroe, President
of the Bahamas Bar Associ-
ation, noted during his
remarks yesterday that the
court has reported to its
employers, who in this juris-
diction is the public, through
its annual report for the year
2007.
Mr Munroe said that
judges should be afforded a
safe place of work, the nec-
essary equipment and a safe
system of work to carry out
their functions.
"For too long judges have
adjudicated on the duties
owed to employers, unfortu-
nately there has been no
serious consideration on thle
duties owed to the judicia-
ry," he said.


FROM page one

younger man was on remand on drug and murder charges.
The killings happened at mid-day on Wednesday after the
pair, who were travelling by boat, were forced to return to the
island when the weather took a turn for the worse. They were said
to have had drugs on board.
Shortly after they reached the shore, four men approached
and opened fire with AK-47 automatics.
An informed source told The Tribune: "They were forced
back onto shore and an altercation occurred. These fellas want-
ed their stuff back and there was a verbal exchange, things got
heated and then there was an exchange of gunfire."
It is believed that the younger man was the first man to die dur-
ing the attack after he ran out of bullets.
The source added: "These men have both been in court numer-
ous times for various drug offences. (Name omitted) was charged
with another guy last year for a double murder.
"He came out of prison on bail in November. He went down to
Haiti to make good on some drug matter before he went to
prison.
"But when he went down there, it was a set-up. He was sup-
posed to be getting more drugs to bring back to Nassau to make
up for a previous loss, a deal that went sour."
The elder man is thought to have been in Haiti to pilot the drugs
back to the Bahamas.
"(Name omitted) had been in Jamaica for a long time. He
was thought to have been in trouble with Haitian drug traffickers
because he 'lost' some drugs," said the source.
Yesteerday, Superintendent Anthony Ferguson, located at the
Bahamas Drug Enforcement Unit, said that his department had
not been made aware of the incident, but added that this would
not be unusual in such instances.
However, The Tribune was later informed that officers at the
Central Detective Unit, one of whom is believed to be a relative
of one of the men, are looking into the matter.
Attempts to reach the Bahamas embassy in Port au Prince
for comment were unsuccessful.


Man charged with

Boxing Day murder

FROM page one

murder. Court dockets accuse Carl Fisher and his mother, Don-
na Fisher, of intentionally causing the death of Anthony Cole-
brooke on Wednesday, December 26, 2007. Donna Fisher, 48,
was arraigned on the murder charge on Monday.
Carl Fisher was also arraigned on the charge of causing dam-
age. It is alleged that Fisher caused $100 worth of damage to a
window pane and window glass, the property of Howard Char-
low. Fisher pleaded not guilty to the charge. The case was
adjourned to January 25 and transferred to Court 11, Nassau
Street.

Riverside funeral Chape[
"Where the river lies still.
24 HOURS A DAY
"S" ng The Bahamas With Pid "
FRANK M. COOPER- Funeral Director
"pro fsisonal Peoplet Who Care"


MarkettStreet& Blnil Avenue
P.O. Box GT2305
Narsmw, Babamaw
Telephone: (242) 356-3721
Cellular: (242) 395-8931


Cockburn Town
San Salddor, Bahamas
Telephone:
(242) 331.2642


CRAIG LOUIS
(Louie)
GIBSON, 49

of Palmetto Point
and formerly of
S Savannah Sound,
SEleuthera, will be
Held on Saturday 5th
January 2008, at
Wesley Methodist
Church, Savannah Sound at 11:00am.
Officiating will be Rev. Godfrey Bethell,
assisted by Rev. Diego Flores and Rev. Carla
Culmer. Interment will follow in the Public
Cemetery, Savannah Sound Eleuthera.

Left to mourn his passing is his wife, Shirley,
his sons, Craig and Carlton; his mother,
Margaret Gibson; stepmother, Joyce Gibson;
sisters, Sheila, Cherry, Sharon, Floriamay and
Cheryl; his brothers, Randy, Dale, Clyde,
Michael, and Petty Officer Ralph Gibson of
The Royal Bahamas Defence Force; step-
brothers, Kevin and Clayton Johnson; aunts;
Nika Sands, Irene Major and Doris Hannah;
uncles, Gerald Major and Carlton Hannah;
father-in-law, George Sands; sisters-in-law;
Joann, Clarice, Valerie, Iva Bullard and
Cynthia Lyles; brothers-in-law, Daniel
Gierszewsri, David and Alfred Johnson and
Edison Sands; a host of relatives and friends.

Friends may pay their last respects at Wesley
Methodist in Savannah Sound, Eleuthera on
Friday from 7:00pm until service time at the
church on Saturday.


KEMP'S FUNERAL HOME LIMITED
22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas



BERLIN WILBERT KEY, 71

of Gleniston
Gardens, Nassau,
The Bahamas will
be held at St
Andrew s
Presbyterian Kirk, 'l
Princess Street,
Nassau on
Saturday, 5th
January, 2008 at
l1am.

Reverend David
Searle will officiate
and interment will be in Ebenezer Methodist
Cemetery, East Shirley Street, Nassau.

He is survived by his wife Merle; two daughters,
Laura-Key Sawyer and Sara Roberts; five
grandchildren, Lori, Matthew and Cole Sawyer,
Rebecca and Nicola Roberts; two sons-in-law, Dale
Sawyer and Gavin Roberts; one sister, Jettie Lowe;
one brother-in-law, Buddy Lowe; one nephew,
David Lowe; three nieces, Jane Wilkes, Nancy Key
and Susan Coppalella; and one sister-in-law, Esme
Campbell of England; cousins Craig Roberts and
Stephania Bethel, Larry, Jay and Joan Hatfield of
Florida, Will, Jeff and Ira Key of Abaco, Business
partners Bert Malone and Diane Albury, house
keeper, Inola Butler and many, many other relatives,
friends and colleagues.

Instead of flowers the family request that donations
be sent to Bahamas Air Sea Rescue, P.O. Box
SS6247, Nassau or to The Salvation Army, P.O.
Box N-205, Nassau in memory of Berlin W. Key.

Arrangements by Kemp's Funeral Home Limited.


'L


THE TRIBUNE
c


PAGE 8, FRIDAY, JANUARY 4, 2008


rihe ibnl


e
a a1 1 1 II1







THE' TRBN FRIAY JAUR 4,08 PAE


Why hasn't the Govt equipped our




police to fight 21st century thugs?

0 By ADRIAN GIBSON
ajbahama@hotmail.com [X 7 T .. ... TI if" I T-E-r [ .
INa 7 -wT kT01A/ AXT l


T TRAGEDY
gripped our nation
yet again as a 26-
year-old police
officer, 2827 Ramos Williams,
sacrificed his life for his country
when he was brutally gunned "6
down in the line of duty.
Constable Williams was shot hl
early Saturday morning during
an exchange of gunfire in a park- st
ing lot on Deveaux Street near
The Tribune building. He was 1o
struck multiple times, receiving a
fatal shot to the chest as he, W
along with two other plain-
clothes officers, left their marked to
police car and approached a
vehicle tney had stopped. Sadly,
he was pronounced dead on
arrival at the Princess Margaret qui
Hospital around 3.10am. res
Last year, a homicidal streak isla
appeared to have hit our nation, isl
as 79 persons were killed with qul
about five suspicious deaths that full
remain unclassified. Constable
Williams was the first officer soi
killed in the line of duty in 2007, this
Although Corporal Edison Bain roa
was also found viciously blud- al
geoned to death on Grand alth
Bahama (he was off-duty). that
Even though Constable and
Williams was unarmed and with- adv
out a bullet-proof vest, he was aSh
the embodiment of bravery and She
exemplified his commitment to rest
his countrymen. gin
In speaking of her fallen cor- gi"
rade, Sergeant 233 Italia He
Williams of the Wulff Road We
Police Station (Ramos' duty W
post) said:cer
"Williams had a very promis- th
ing future this was definitely tai
the place for him! He would dis
have made an excellent super- Wil
visor and he would have surely
been promoted up the ranks nig
throughout the years to come. that
You never had to tell him some-
thing more than once -he the
always caught on quickly, and the
he was sharp and keen! nigi
"I remember \'ilhiaAis- fa i


OUNG MANS VIEW


SDR IA


GI B S 0 N
GIBsON


'At present, blood-thirsty
oodlums are roaming our
reets, when they should be
Cocked away in a prison cell,
ith the keys subsequently
)ssed into a blue hole."


et, soft-spoken and
pectable young man. He
ie from Andros, he was an
id boy who was reserved and
et. He was a hard worker, so
of life and energy and always
ling. I remember him being
interested and excited about
job and about going on the
d," she said.
Sergeant Williams noted that,
ough many people complain
Sthe country's youth is lost
that they are problematic
I never heeding to good
ice, "that was not Williams."
Said that he displayed
)ect to all people, regardless
heir rank, their age or ori-
s.
'Ramos was a real soldier!
was a real man!" Sergeant
liams exclaimed.
I was just talking to an offi-
who was in the car with him
t night. I wanted to know his
position As the officer was
ainiscing, he said that
liams was real quiet that
ht. Strangely, he almost
ned a bit reluctant to go out
Night.
We just had a staff party at
station last Thursday, so that
ht, Williams and the other
cers Were clowning around


before they went on the road. I
remember them telling him he
was 'hard' (slang for very well),
teasing him about how he had
cleared the dance floor that
night," she said.
In the wake of Constable
Williams' death, the sergeant
described the initial mood at the
station as being "sombre, as offi-
cers were taken aback and in
shock."
"We didn't even have a
chance to laugh and reminisce
about our party! We can't
believe he's gone. He's gonna
be missed," she said despon-
dently. In the Bahamas, the fear
of crime has left many citizens
practically incarcerated in their
own homes. The peacefulness
and harmony that once depicted
the Bahamas is now lost to the
ages. At present, blood-thirsty
hoodlums are roaming our
streets, when they should be
locked away in a prison cell, with
the keys subsequently being
tossed into a blue hole.
The police are fulfilling their
social functions and apprehend-
ing criminals, but because of a
defunct court system, these soci-
etal menaces are returned to the
streets within 36 hours to 18
months. Surely,,seeing these


THE GRANDMOTHER OF police officer Ramos Williams, Miss Lillian Williams, cannot hold back the
tears at a healing service against crime in wake of the horrific murder.


individuals on the streets must
be a demoralising blow to dedi-
cated police officers!
Presently, the police force is
an ill-equipped, archaic institu-
tion that is tasked with combat-
ing well-equipled, cold-blood-
ed criminals.
Although police officers are
trained to handle firearms, in
defensive driving, as first respon-
ders and are generally taught to
be cautious, high-ranking
sources say that officers are only
issued their uniforms upon grad-
uating. Although Constable
Williams was trained in firearms,
he did not have a weapon nor
did he wear a bullet-proof vest.
One source said: "Vests are
usually donated to the Force by
good corporate citizens, and
there's not enough to give every
officer. Many times, officers
invest in their safety and pur-
chase their own. We even have
to buy our own handcuffs. "The


police force is ancient and there
are not many guns to distribute
to officers. Many officers go to
bring resolution to incidents
without weapons. It's so sad that
we have to lose before we gain,"
the source said.
Why hasn't the government
furnished the police force with
the equipment needed to com-
bat 21st century thugs, who have
the latest automatic weaponry
while police officers are
unarmed, ill-equipped or given
ancient six-shooters? Not equip-
ping a police officer with a gun
and a vest is comparable to send-
ing a fisherman to catch fish
without a line!
A full military funeral doesn't
seem to be enough in apprecia-
tion of a man who has made the
ultimate sacrifice. Constable
Williams gave his life upholding
his commitment to 'protect and
serve' and we should be proud of
him and say 'thank you'.


R aB i o s ill a-m
*s|H^^~HH--^


.................................. ....................................................................A .................. ....................... ............................................. .



Energy proposals



include more nuclear




power, conservation


* TALLAHASSEE, Florida


More nuclear power and energy conser-
vation and letting customers who generate
their own electricity sell excess amounts to
power companies are among a wide range
of climate-change recommendations that
went to the Legislature on Thursday.
The nine-member Florida Energy Com-
mission, appointed by legislative leaders,
also proposed that its own role and mem-
bership be expanded including appoint-
ments by the governor.
The commission then would be able to
centralize the state's approach to energy
policy. The panel's additional duties would
include recommending grant awards,
authorizing incentive programs, advocat-
ing public awareness and conducting edu-
cational and academic summits.
"Florida's energy policy governance
structure must provide a more unified,
strategic and streamlined approach to pro-
viding energy from generation to end-
use," said Sen. Lee Constantine, the only
legislator on the commission. "That's what
this particular recommendation is all
about.".
Constantine, R-Altamonte Springs, has
been a strong advocate of the centralized
approach.
The commission's report includes a
timetable for slashing greenhouse gases
emissions by 2050 that it approved in
November over objections from utility and
business interests. It is a slightly watered
down version of a plan Gov. Charlie Crist
announced in July.
The commission's recommendation
would require polluters to reduce emis-
sions to 2000 levels by 2020, to 1990 levels
by 2030 and to 80 percent of 1990 levels by
2050. Crist's plan would have allowed
three fewer years to meet the first goal
and five fewer years to achieve 1990 levels.
The commission wanted to give utilities
more time to add nuclear power and
increase the use of biomass and solar ener-
gy. The solar industry predicts high instal-
lations costs that have limited its use will
drop in half before 2015, according


"Florida's energy
policy governance
structure must
provide a more
unified, strategic
and streamlined
approach to
providing energy
from generation to
end-use. That's what
this particular
recommendation is
a11 abnBll"

Sen. Lee Constantine

to the report.
The report says the state also should
allow businesses and residential customers
who install their own solar equipment to
sell excess electricity to power companies.
Other proposals include purchasing state
vehicles that use alternative fuels, estab-
lishing a dedicated funding source for
energy-related measures, identifying the
sources and amounts of greenhouse gases,
rejuvenating Florida's recycling efforts
and motivating utilities to encourage con-
sumers to use less energy. Energy effi-
ciency and conservation are the most cost-
effective ways to address Florida's energy-
related challenges, the report says. Such
an effort can include programs to reduce
peak power demand and construct energy
efficient buildings.


Che Avssembihes ofd 6iA f64e

c&rai, o ahamet



Warwick St (Behind Sun Tee)
Ph 393-3453








c9Ci0 &smmmiu n

Our flisrin

ca-n 7-brch 13


Mon 7:00 p.m Historical Books II


7:00 p.m. Homiletics I


Tues 7:00 p.m. Epistles II


7:00 p.m. Minor Prophets


Thurs 7:00 p.m. Daniel & Revelation


Fri 7:00 p.m. Computers II



MA and CST Class,
To be announced. US Instructors from Global University


Registration Jan 3-4 or before first class


m O iA


FRIDAY, JANUARY 4, 2008, PAGE 9


THE TRIBUNE






PAGE 10, FRIDAY, JANUARY 4, 2008
I_ __ __- -- -----------


JANUARY 4, 2008


7:30 8:00 8:30 9:00 9:30 10:00 10:30
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found in a river. (CC) AIDS patient and his father
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** BEAUTY SHOP (2005, Comedy) QueenLatifah, How to Look Matched in Man-TopThs Party: Top This Party:
LIFE AliciaSilverstone. A determined hairstylist competes Good Naked Se- hattan (N) (CC) OrangeCounty Las Vegas (N)
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lords in South Florida. n 'R' (CC) victimizes two traveling students. 0 'R' (CC) to shoot. ,
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-'", t 30 4:30|pin durin tl e
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Enjoy Great Food, Prizes and Lots of Fun.




i'm lovin' it


ivie Gift Certmi

Make great gifts!


I -~ ~~~ ;''~EZ~?]IR~~~aa~k-.


THE TRIBUNE


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A KENYAN police- .
man, right, runs out of
a cloud of tear gas
after the grenade his
colleague, center,
intended to throw went
off in his hands, as
they clash with protes-
tors in the Kibera slum
area of Nairobi, Kenya
Thursday, Jan. 3,
2008. ,
Riot police fired tear -
gas and water cannons I
Thursday to beat back
surging crowds of '
rock-throwing opposi-
tion protesters who
took to the streets in a .- .n
mass rally many feared .
would deepen the cri- ..
sis wracking what had
been one of Africa's ..
most stable country's.


Rally is called off after Kenya violence




erupts; attorney general seeks vote prot


* NAIROBI, Kenya

POLICE used tear gas, water
cannons and batons Thursday
to block thousands of people
from protesting Kenya's dis-
puted election amid a political
deadlock between the president
and his chief rival, according to
Associated Press.
Kenya's attorney general said
there should be an independent
probe of the election results
because of the perception the
Dec. 27 vote was rigged. The
U.S. and Europe pushed for
reconciliation, saying a "made-
in-Kenya solution" was need-
ed to end violence that has
killed about 300 people since
President Mwai Kibaki was
declared the winner.
As the diplomats discussed
unity, Kenya's slums bu 4ldvt
"War is happening here,"
said 45-year-Cdd Edwin
Mukathia, who was among
thousands of people who
poured out of Nairobi's slums
to heed opposition candidate
Raila Odinga's call for a mil-
lion-man march in the city's
Uhuru Park.
But Mukathia and the oth-
ers were kept at bay by riot
police, who choked off the
roads and fired live bullets over
their heads. The opposition
canceled the march but said
they would hold it Friday, set-
ting the stage for another day of
upheaval stretching from the
capital to the coast to the west-
ern highlands.
The conflict has brought con-
demnation from diplomats
across the globe as one of
Africa's top tourist draws and
most stable democracies
descends into chaos.
The images of burning
churches, machete-wielding
gangs and looters making off


Crisis after disputed


election continues


with fuel are common in a
region encompassing Somalia
and Sudan, but unusual for
Kenya.
Smoke from burning tires
and debris rose from barricad-
ed streets, around Nairobi's
huge slums, where hundreds of
thousands of Odinga's sup-
porters live, as well as on main
roads leading into suburbs that
are home to upper class
Kenyans and expatriates.
In Mathtrfe slum, rival groups
of men hurled rocks at each
other. Black smoke billowed
from a burning gas station, and
several charred cars sat on
roads.
The corpse of at least one
man lay face down on a muddy
path, and a wailing wife pulled
her battered husband from the
dark waters of the Nairobi Riv-
er, where he had been dumped
and left for dead.
"There is no food, there is
no water," said Peter Ochieng,
37, who lives in Kibera slum,
home to tens of thousands of
opposition supporters. "People
here are dying."
The election dispute has
degenerated into violence pit-
ting Kibaki's influential
Kikuyus against Odinga's Luos
and other tribes.
Kenya's electoral commission
said Kibaki had won the Dec.
27 election, but Odinga alleged
the vote was rigged. Foreign
observers have questioned the
vote count, as has the chief of


Kenya's electoral commission.
Attorney General Amos
Wako called for an indepen-
dent probe.
"Because of the perception
that the presidential results
were rigged, it is necessary ...
that a proper tally of the valid
certificates returned and con-
firmed should be undertaken
immediately" by an indepen-
dent body, he said.
Wako did not elaborate or-
say whether an independent
body would include foreign
observers, and it was unclear
whether he had Kibaki's back-
ing or had made the statement
independently.
Wako, who was appointed to
the lifetime post by former
President Daniel arap Moi, has
been seen as close to Kibaki.
The decision to launch an inde-
pendent probe was a surprise
and could reflect the serious-
ness of the vote-rigging allega-
tions.
But the government has a
long history of appointing inde-
pendent commissions to inves-
tigate wrongdoing, only to have
them take years and end with
reports that are never released
and have no practical effects.
Government spokesman
Alfred Mutua told The Associ-
ated Press he had "no prob-
lem" with Wako's call. But
Odinga's spokesman, Salim
Lone, rejected it, saying his par-
ty had "no faith in any govern-
ment institution."


Election result triggered violence
Estimates vary for the number of Kenyans displaced by violence
following the Dec. 27 presidential election. The Kenyan Red
Cross says there are more than 100,000. Below are police
figures, totaling about 73,000.


SOURCES Woeldn Alnric 2007. Inlern~mai[ DIuCL-can r
fontorg CAflei Oc inF henwogian Refugyso Cour dll ESRI


As attempts at mediating the
crisis gained momentum, Kiba-
ki said he was willing to hold
talks though he was vague on
who he would talk to.
"I am ready to have dialogue
with concerned parties once the
nation is calm and the political
temperatures are lowered
enough for constructive and
productive engagement," Kiba-
ki said.
South African Nobel Peace
laureate Desmond Tutu flew to
Nairobi and met Odinga, saying
afterward that the opposition
candidate was ready for "the
possibility of mediation."
Tutu gave no details but said
he hoped to meet Kibaki as
well.
Mutua said Kibaki had no
plans yet for such a meeting


and that Kenya had no need
for mediators.
"We are not in a civil war,"
he said.
The State Department said
Secretary of State Condoleezza
Rice made three telephone calls
Thursday to discuss develop-
ments in Kenya: one to Kibaki,
one to European Union foreign
policy chief Javier Solana, and
one to the U.S. Ambassador to
Kenya, Michael Ranneberger.
The State Department said
Rice and Solana agreed on the
need for political reconciliation
but neither had specifically
endorsed the formation of
coalition or a government of
national unity.
"We're not going to be pre-
scriptive here," spokesman
Sean McCormack said. "They


do need to come together, they
need to broker some political
solution to the political crisis,"
he added.
"Fundamentally, this needs
to be a 'made-in-Kenya' solu-
tion."
Despite diplomatic talk of
reconciliation, Kenya's slums
were embroiled in violence. In
Kibera, two churches were set
on fire and burnt-out cars
blocked roads.
"Politics has nothing to do
with God," said 22-year-old
Isaac Oronga, as he watched
the fire consume the Lutheran
church where he was baptized
and where his parents were
married.
Police pushed back several
hundred people from Kibera
holding branches and white
flags symbolizing peace. Some
burned an effigy of Kibaki anid
ivaved placards denouncing him
as the devil.
"Without Raila, there will be
no peace," said protester
Edward Muli, 22.
Hundreds of young men
marched in the coastal resort
of Mombasa but were quickly
repulsed by security forces.
Police shot one protester in the
head and he was taken to a hos-
pital, said witness Moses Baya.
Odinga toured Nairobi's city
mortuary, where there were
piles of bodies of babies, chil-
dren, young men and women.
Some were burned, while oth-
ers had head wounds.
Many did not have visible
wounds. It was unclear when
they had died, but opposition
officials said some were killed
Thursday.
"What we have just seen
defies description," Odinga said
after the visit. "We can only
describe it as genocide on a
grand scale."


e


FRIDAY, JANUARY 4, 2008, PAGE 11


THE TRIBUNE







THE TRIBUNE


PAGE 12, FRIDAY, JANUARY 4, 2008


INTERNATIONAL NEWS


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* By PETER SVENSSON AP
Technology Writer

CONSUMER electronics
aren't exactly easy on the envi-
ronment they consume elec-
tricity that contributes to glob-
alwarming, and toxins leach out
of them when they end up in
landfills.
But the industry that's inviting
us to get a new cell phone every
year and toss out that old TV
in favor of a great new flat pan-
el is also trying to show that it
cares.
At the world's largest trade
show for consumer electronics,
starting Monday in Las Vegas,
manufacturers will be talking
not just about megapixels,
megahertz and megabytes, but
about smart power adapters that
don't waste as much electricity,
batteries that are easier to recy-
cle, and components made from
plants.
Many of the products on dis-
play will be striking rather small
blows for the environment, but
the industry is realizing that
even in electronics, going
"green" can be a powerful mar-
keting tool.
"Everything I've heard from
folks out there is that there is
going to be a lot of emphasis on
green this year," said Scot Case,
a vice president at consultancy
TerraChoice Environmental
Marketing Inc.
One of the 2,700 exhibitors at
the International Consumer
Electronics Show will be Japan's
Fujitsu Ltd., which will show off
a laptop with a plastic case made
from corn rather than petroleum
products. The company has sold
such a model in Japan since
2006, but is now considering tak-
ing it to the North American
market.
Environmental awareness
among consumers and corpora-
tions has now reached the point
where manufacturers really are
taking notice, said Richard
McCormack, senior vice presi-
dent of marketing at Fujitsu's
4 U.S. arm.
"They're driving manufactur-
ers like us with their pocket
book," McCormack said.
The catch with the corn-based
laptop is that the material isn't
biodegradable, meaning it does-
n't decompose any faster than
regular plastic. That's because
it still contains some petroleum-
based plastic in the mix for rigid-
ity. The plastic still needs to be
processed for recycling, after
which the corn-based compo-
nent can biodegrade.
Another company attacking
the'recycling angle is Z-Power,
which has developed a battery
technology that it hopes will
replace the lithium-ion batter-
ies that power today's laptops
and cell phones. Its silver-zinc
batteries will show up in laptops
from a "major" manufacturer
in the summer, according to the


"Everything I've heard from

folks out there is that there is

going to be a lot of emphasis

on green this year."


Scot Case, a vice president at consultancy
TerraChoice Environmental Marketing Inc


Camarillo, Calif., company's
chief executive, Ross Dueber.
Lithium-ion batteries are
recyclable but contain little
recoverable material. The met-
als in Z-Power's batteries will
be recoverable, Dueber said,
and with a precious metal like
silver in them, there will be a
strong incentive to do so. The
capacity should be 20-30 per-
cent higher than lithium-ion lap-
top batteries. The company is
also in discussions with cell-
phone manufacturers.
PC makers have already come
a long way toward making their
products recyclable, said Jeff
Ziegler, chief executive of
Austin-based TechTurn Inc.,
which processes millions of used
computers and other gadgets
every year for recycling or reuse.
Manufacturers have cut down
on the number of different
materials that go into their prod-
ucts, simplifying recycling a
great deal. They've also cut back
on lead solder and other poiso-
nous components.
But as yet, only a few manu-
facturers, like Sony Corp., take
responsibility for recycling their
products. Just 12.5 percent of
U.S. electronics waste is offered
for recycling each year, accord-
ing to the Environmental Pro-
tection Agency, and much of
that is dumped rather than recy-
cled.
At the show, the EPA will be
announcing a campaign to pro-
vide consumers with more
places to turn in cell phones for
recycling, in partnership with
manufacturers and retailers. The
agency puts the number of
unused cell phones lingering in
drawers at 100 million.
Also at the show, manufac-
turers are expected to trot out
computers, especially laptops,
that meet the EPA's new,
tougher Energy Star 4.0 power
consumption requirements,
which went into effect in July.
The specification now sets max-
imum levels for power con-
sumption when the computer is
on but idle previously, Energy
Star dealt only with the ability to
enter "sleep" mode.
There won't be many desk-
top computers qualifying for the
Energy Star rating their pow-
er consumption is growing, with
many now hitting 400 watts.
Marvell Technology Group Ltd.


will be demonstrating chips for
power adapters that it says can
curb that trend, by convert alter-
nating current into the direct
current in a more efficient way,
potentially power consumption
by half.
The Consumer Electronics
Association, the organization
that also puts on CES, estimated
last year that consumer elec-
tronics, including home com-
puters, consume 11 percent of
residential electricity in the U.S.,
more than doubling its share in
10 years.
Television sets are another
big power draw, and will
become more so as analog TVs
are replaced with high-defini-
tion sets. Though more energy
efficient per inch of screen size,
their larger size more than
makes up for any gain in effi-
ciency. Plasma sets in particu-
lar easily draw 400 watts, or as
much as four older tube-type
TVs.
A much more power-efficient
screen technology will be on dis-
play at CES: Samsung Elec-
tronics Co. will be bringing a 31-
inch TV made of organic light
emitting diodes, or OLEDs. For
now, however, the technology
is much too expensive for the
mass market, and there's no
word on when or if Samsung
plans to sell the screen. Sony
has announced an 11-inch
OLED display for $1,700.
Cell phones, while hardly
power-hungry, aie quite waste-
ful: Nokia says two-thirds of the
energy a charger uses is drawn
when the connected phone is
already fully charged. Green-
Plug of San Ramon, Calif., will
be previewing a solution to that
problem, a universal power
adapter that "talks" to gadgets
to determine their energy need.
Apart from cutting wasted elec-
tricity, GreenPlug aims to elim-
inate the need for a different
adapter for every phone, MP3
player, and other portable gad-
get.
Getting other manufacturers
to make their products compat-
ible with the GreenPlug hub
looks difficult, however. That
points to part of the problem
with the consumer electronics
industry: innovation is happen-
ing in a lot of corners, but no
one player is big enough to solve
all the problems.


n'Anywhr@nA,
*~f


THE SONY booth is shown at the Las Vegas Convention Center in Las Vegas, Thursday, Jan. 3, 2008,
as exhibitors get ready for the opening of the Consumer Electronics Show. The CES, the world's largest
consumer technology trade show, runs Jan. 7 to Jan. 10 in Las Vegas.


Gadget show goes green


with laptop made of corn


and smart power adapters


I _


II











,I
TRIBUNE .




FRIAr J-- .A- A- ,w 0it"
FRIDAY, JANUARY 4, 2008

A. *. ( 7L eai 0_


and Bahma Film industry's economic
Airport firm y

50m in dbt impact is 'on the cards'
SBy NEIL HARTNELL
Tribune Business Editor _______________________
S By CARA Film Commission wants exit cards to ask if
THE Grand Bahama Air- BRENNEN-BETHEL
ort Company (GBAC) was tourists attracted here by movies
$50 million in debt as at Reporter Report says film location industry boosts -
August 1, 2006, court papersDP by $ annum
seen by The Tribune reveal THE Bahamas Film Com- Bahamian GDP by $6-$10m per annum
with the issue then already mission has requested that the Atlantis gave up $1.3m in room revenues for
Group Ltd and its Hutchison vey cards include questions ask- Beyond the Sunset publicity, with film's total
Whampoa partner. ing tourists whether they visited spend in Bahamas totalling $12m
Minutes of the Port Group the Bahamas as a result of
Ltd Board meeting on that watching movies/TV produc- figures generated by production industry as "well established"
date, filed in the Supreme tions that were filmed here, The crews. in the Bahamas, the report said
Court as part of the docu- Tribune was told yesterday. "This is something that I have some $6-$10 million per annum
mentary evidence relating to Craig Woods, the film com- asked the research people to in GDP economic impact was. C
the ownership dispute over missioner, said this would be a look into, and so we will see," generated by the sector. -
the company and its Grand way of tracking-the true eco- Mr Woods said. It also noted how Kerzner"
Bahama Port Authority nomic impact made by films/TV The film/TV production
(GBPA) affiliate, show that productions shot in the industry's value to the SEE page three c
Hutchison Whampoa had Bahamas, once they are Bahamas, when it comes to film
loaned the airport company released and shown to an inter- and shoot on location in this
some $30 million, national audience. nation, was underscored by a
The other portion of the Such information would report on the Caribbean's cul-
$50 million debt owed by the enable the Bahamas to obtain a tural industries that was pro-
GBAC, the minutes reveal, is clearer picture of just how much duced for the CARICOM
a $20 million loan and "inter- economic impact and visitor Regional Negotiating Machin-
company receivable" from spending the film industry gen- ery (CRNM).
Freeport Harbour Company, rates, as opposed to just the Describing the film location
the Board meeting minutes
show.
The GBAC, like the
Sea/r Busnes Centre, Bahamian general Tennessee-based Prichards' Distillery sees 'significant
wholly-owned subsidiary of
Freeport Harbour Company, inss 'g increase in our sales' if it can produce rum in Nassau
which in turn is owned 50/50 inSurerS SUDSidiSing
between Port Group Ltd and U By NEIL HARTNELL them was regarding some equipment that
Hutchison Whampoa.
The minutes discuss the Tribune Business Editor was there and I wanted to purchase......... The
Freeport Harbour Company the cr short answer is that I don't know if they're
"shareholder disputes with A POTENTIAL purchaser of Bacardi's ['Bacardi] ready to do anything."
respect to loans and capital Nassau-based rum production facilities yes- Mr Prichard said that once contacts with
expenditures for GBAC" and Industry executive says 'no justification' for terday said it was waiting for the company to Bacardi were resumed, he would again
repairs to Freeport Harbou property premiums to come down, as com- provide it with its valuation of the plant, explore where the company stood in terms of
^ andrtoFOe ihesolutioL Hpa r telling The Tribune that it remained inter- Prichards' Distillery possibly purchasing the
and ays forward. panics not getting a return' on this business ested in an acquisition that could provide "a facility.
The Board meeting saw I line significant increase in our sales". Adding that the attraction of the Nassau
Hannes Babak, the now-oust- Phil Prichard, of Tennessee-based facility for Prichards' Distillery was that "rum
ed GBPA and Port Group Insurance Company of the Bahamas sees Prichards' Distillery, said the company was is associated more with the tropics, more so
Ltd chairman, propose a solu- reinsurance costs come down, but 'not as waiting to resume contact with Bacardi, at than Tennessee", Mr Prichard said any acqui-
tion to the dispute with much as hoped' which point it would again probe the possi- sition of the plant would enable the company
Hutchison, namely a swap ability of acquiring the Nassau-based plant to switch all its rum production to Nassau.
involving the two sides' inter- B N A Mr ff t T Tr and resuming rum production for its own With five million tourists visiting the
ests in the GBAC and the By NEIL HARTNELL Mr Duff told The Tribune:Nassau-based an-
Sea/Air Business Centre. Tribune Business Editor "ICB has enjoyed some reduc- brands. Bahamas annually, a Nassau-based manu-
Sea/Air Business Centre. Tribune Business Editor ICBhas oyedf its reinsur- Mr Prichard said: "Bacardi contacted us facturing facility could also generate a "sig-
SEE page four THE Bahamian general ance programme for 2008, and we responded. That was several months nificant increase in our sales," Mr Prichard
insurance industry is effec- although the reduction was ago, and we've not heard anything since. said.
tively subsidising consumers somewhat less than we had "They have to have some idea of the value A takeover by Prichard's Distillery could
A-A by charging commercial and hoped for. of the company. They have to have an idea help regain the Bahamian jobs that are being
St George estate residential property premium "Reinsurers are still being better than.we do, and I am waiting for them lost with Bacardi's exit, the latter company
rates "that do not reflect the cautious in their assessments to communicate with me on what they think having begun to lay-off 38 distillery workers
questions valldty full cost of the insurance", one the value should be. That's the short answer." SEE page three
industry executive told The SEE page two He added: "The last contact I had with
Sabak contract Tribune yesterday.
of Babak COtIact1 I Tom Duff, general manag-
er of Insurance Company of
the Bahamas (ICB), the car-
E By NEIL HARTNELL rier through which J S Johnson m-
Tribune Business places the majority of its gen- Wf are m oving
Editor eral insurance business, said
THrE late Edward St e uns on January 7 our BahamaHealth office
THE late Edward St premiums that included cata--
George's estate has ques- strophe coverage could not bell rtin t nffi
'tioned whether ousted Grand i justified because Bahamian w ill be reloca in to new offices
Bahama Port Authority insurers were not generatingChEast Bay Streets
(GBPA) and Port Group Ltd a profit in this line of business.
chairman Hannes Babak held Given that current trends on Church and East Bay Streets
a "valid contract" to allow indicated that the Bahamas, On January 7, 2008 our BahamaHealth Office at Harbour Bay Shopping Centre will move
him to make a $65 million or at least some of its islands, to new offices on Church and East Bay Streets.
claim on the companies, with were likely to be hit by a
that figure also coming under major hurricane at least once Visit or call BahamaHealth at our convenient new location.
scrutiny, every three to four years, Mr i Please note, parking can be accessed from East Bay Street onto Alice Street.
In response to claims by Duff explained that it was crit- Telephone 396-1300
Ian Boxall, a director of Inter- ical for general insurers to at
continental Diversified Cor- least make a return on cata- Fax 396-1301 or 396-1302
poration (IDC), the GBPA strophic property insurance in
and Port Group Ltd's imme-
diate holding company, that storm-free years.
the three entities "may have a This, he said, would at least
significant liability to pay" enable them to build up capi-
because terminating Mr tal and reserves, and strength-
Babak's contract would cost en their balance sheet, in
$65 million, the St George preparation for major hurri-
estate questioned who canes that could inflict at least
assessed the contract value and $200-$300 million in insured
how they came to the figure. damages claims.
An affidavit sworn by Jacy
Whittaker, an associated with
the estate's attorneys, Callen-
der's & Co, alleged: "Even if
Mr Babak is found to have a
valid contract, neither IDC,
GBPA or Port Group Ltd
have purported to terminate
it, and therefore no 'contin-
gency' for such 'liability' need
arise." I-.
He further alleged that one .
of the late Mr St George's
daughters and beneficiaries of
his estate, Sarah St George,
had witnessed Sir Jack Hay-
ward signing minutes of a Port LSS $4.40n I I II
Group Ltd Board meeting on $
August 1, 2006, "evidencing
that the initialled contract doc-
ument relied upon by Hannes $4.58 4 IAM L G UARDIAN
Babak..men was a mere draft not i, './' I l r ; -' R I) I n t''
intended to create legal rela- 5 INSURANCE COMPANY LIMITED
tions between the parties here-
to nor any of them".


SEE page four CHURCH AND EAST BAY STREETS, NASSAU, BAHAMAS P.O. BOX SS 19079
SEE page four


FAMILY GUARDIAN .
INSURANCE COMPANY LIMITED


I 1


in~.'
!r'
'' I~ C.1: j-:
1-'i
















Ministry to tackle Grand





Bahama's visitor challenges


* By CARA
BRENNEN-BETHEL
Tribune Business
Reporter
THE Ministry of Tourism will
be working to improve the
experience of cruise passengers
calling into Grand Bahama,
with minister Neko Grant say-
ing this was a major area of con-
cern for his ministry in 2008.
Grand Bahama has been
challenged in both stopover vis-
itor arrivals, due to the closure
of the Royal Oasis, while cruise
arrivals have been being hit by
the position of the port, which is
set away from major tourism
areas.
This is something the ministry
is working to change, Mr Grant
said at a special ceremony
aboard the Norwegian Gem,
which made its inaugural visit
to three Bahamian ports this
week.
"We are aware of the chal-
lenges that are faced in Grand
Bahama, and we are still explor-
ing the possibilities of improv-
ing it. This ship went into
Grand Bahama last week for
the first time and had a won-
derful welcome. We are now
getting the kind of co-operation
we needed and expected from
our ground transfer providers,
which was another hindrance,
and so we expect great things
in Grand Bahama," the minister
said.
Mr Grant added that the


cruise experience for passen-
gers calling into Nassau and
Freeport must match that pro-
vided by cruise lines who have
Bahamian private island stops
in their itineraries.
"The private islands are a
part of their itinerary, and that
is why it is so important, when
they come into the port of Nas-
sau or the port of Grand
Bahama, that the visitor expe-
rience is one that they will go
and tell their friends about, so
the island stop-over will just be
secondary. It is up to us to show
that we appreciate it, and that it
is important for them to con-
tinue to come to the ports of
Grand Bahama and Nassau,"
said Mr Grant.
According to a recent report,
completed by Jeffery Beckles
of RAJ Management for the
Ministry of Tourism, Bahami-
ans were losing out because the
cruise lines were able to offer a
better experience on their pri-
vate islands..
The privately owned and
operated islands offer state-of-
the-art tours, excursions and
more amenities than any of the
local providers can, even col-
lectively," the report said.
It also warned that Bahamian
businesses have been placed at
a competitive disadvantage
because there are too many in-
port incentives provided to the
cruise lines, and cruise ship itin-
eraries that did not favour
Bahamian business.


BAHAMAS PROPERTY

FUND LIMITED








Bahamas Property Fund Limited hereby notifies

all of its shareholders that the Board of

Directors has declared a dividend of twenty

cents (20) per Class A Ordinary Share to be

paid January 18th, 2008, to all shareholders of

record as of January 11th, 2008.
*


CAPTAIN OF the Norwegian Gem Master Mikael Hilden (left) presented Minister of Tourism and Aviation Neko Grant
of the ship. Mr. Grant met the Captain and toured the ship as it made its inaugural stop at the Prince George Dock.


Bahamian general





insure rs sub sidising





the consumer'


FROM page one
of the catastrophe risk in the
region, and obviously taking


into account the fact that the
Bahamas has been struck by
four significant hurricanes
since the turn of the millenni-


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ri'mii.ifk', I,, tifdef ie en

Life. Money. Balance both.


um."
He added: "In terms of rate
reductions for the consumer,
there is no real justification
for reducing the original rate
at this time.
"The fact of the matter is
that insurance companies in
the Bahamas are not making
money or a return from prop-
erty business that includes hur-
ricane coverage.
"The local insurance indus-
try is subsidising the customer
by charging original rates that
do not reflect the full cost of
the insurance."
Mr Duff pointed out that
even with a catastrophe rein-
surance protection programme
in place, Bahamian general
insurers were likely to incur
"several million dollars of
insurance losses" when a
major hurricane impacted the
Bahamas, impacting both the
income statement and the bal-
ance sheet.
"Therefore, it is imperative
that insurers make a reason-
able profit from their proper-
ty line in the hurricane-free
years," Mr Duff said.
"In short, there is no justifi-
cation for reducing rates this
year, as any savings from rein-
surance costs will not be suffi-
cient to alleviate the long-term
trend, which shows that local
insurers are not making a sat-
isfactory return on property
business that includes hurri-
cane coverage."
Mr Duff added that this was
the issue that had confronted
all Bahamian general insur-
ance carriers over the last 10
years, namely that "this line
of business, the property full-
peril line, is the one not mak-
ing a satisfactory return".
Bahamian homeowners
insurance premium rates are
around 1.45 per cent of the
total rebuilding value for
mixed-construction properties,
built from concrete and shin-
gle, and slightly less for more
robust constructions.
Yet Bahamian general
insurers are "totally depen-
dent" on the global reinsur-
ance market to determine
property premiums in this
nation.
In comparison with insur-
ance carriers in many other
nations, Bahamian general
insurers are relatively thinly
capitalised, forcing them to


cede large amounts of risk to
reinsurers, who provide the
additional underwriting capac-
ity.
With more capital, Bahami-
an carriers would be able to
write additional business and
take on extra risk, enabling
them to take on a greater per-
centage of premium income.
Yet because they cede so
much, reinsurers largely deter-
mine the premiums charged to
Bahamian commercial and
residential property owners.
Given that the Bahamas sits
squarely in the hurricane belt,
the extra perceived risk, cou-
pled with catastrophe losses
elsewhere in the world, helps
keep property premiums in
this nation high because rein-
surers demand more to cover
the risk.
Mr Duff was supported by
Timothy Ingraham, Summit
Insurance Company's general
manager and director, who
said on Thursday that there
were unlikely to be "any sig-
nificant changes" in property
insurance premiums for 2008.
He pointed out that many
Bahamian general insurers
had been selling commercial
and residential property insur-
ance "at a little below cost"
over the past two years, mean-
ing that some were either not
making a profit or generating
a loss on their property port-
folios.
Mr Ingraham explained that
this situation occurred after
property premium rates
increased in 2005, in the after-
math of the 2004 hurricane
season, which included
Frances and Jeanne.
Then, while the Bahamas
was not impacted, the 2005
storm season proved to be one
of the most active ever, with
hurricanes such as Katrina and
Rita wreaking havoc else-
where and generating billions
of dollars in insurance claims.
Reinsurers increased their
rates to compensate for such
losses, but Mr Ingraham said
that having already raised
their rates, Bahamian general
insurers could not increase
premium prices further.
As a result, they were
squeezed when reinsurance
rates went up, while premiums
charged to Bhhamian com-
mercial and residential prop-
erty owners remained flat.


PAGE 2B, FRIDAY, JANUARY 4, 2008


THE TRIBUNE












THETRIBNFRDYJNAY42


^^0 0 03^^^


* By CARA
BRENNEN-BETHEL
Tribune Business
Reporter
WITH oil prices just shy
of $100 a barrel, Bahamian
companies yesterday said
they were reevaluating their
costs to determine whether
price increases for con-
sumers were necessary.
A representative for
Seaboard Marine's Kristof
Lingier told Tribune Busi-
ness that the shipping com-
pany was closely monitor-


ing fuel prices, adding said
that while at present
there were no plans to
increase the bunker fuel
surcharge, this may become
necessary.
One limousine company
said it was not so much con-
cerned about gasoline bills
for their cars affecting
prices, but rather the elec-
tricity their call centre
would use to remain opera-
tional.
That is what we are con-
cerned with, our electricity
bill. But for right now, we


have no plans for a price
increase," an employee,
who asked not to be named,
told The Tribune.
The gas prices have also
impacted larger tour opera-
tors. Speaking with The Tri-
bune yesterday, a manager
at Majestic Tours explained
that the company had
increased its prices by an
undisclosed amount within
the last four weeks.
The increase was in direct
response to increased cost
by suppliers and could not
be avoided, said a senior


staff manager.
"Hopefully, we won't
have to increase our prices
again any time soon," they
added.
Yesterday, CNN's report-
ed that oil prices, after tak-
ing an initial dip on a week-
ly government report on
inventory levels, crossed the
$100 threshold again on
Thursday and continued a
six-year, five-fold spike dri-
ven by surging demand and
limited supply.
U.S. light crude for Feb-
ruary delivery crossed $100


a barrel at around 11.30am
on the New York Mercan-
tile Exchange, and hit a new
all-time trading high of
$100.09 later in the session
before slipping to settle at
$99.18 a barrel, down 44
cents.
On Wednesday, oil briefly
touched $100 for the first
time although that amount
was paid by one trader who
bought one contract -
before settling at the
end of the day at a record
$99.62, the website report-
ed.


FROM page one

International's Atlantis resort
had exploited the publicity
and exposure from the
Beyond the Sunset movie's
scenes featuring the resort,
giving up $1.3 million in room
revenues for a total $12 mil-
lion production spend by the
film's crew in this nation.
The report said: "'Jamaica
has been very successful in
promoting its country as a
film location. Even a small
country like St Vincent and
the Grenadines was able to
attract the filming of The


Pirates of the Caribbean, and
Dominica for the sequel.
Many countries have there-
fore established film com-
missions, film companies, or
other state agencies to devel-
op the film sector with spe-
cial emphasis on 'on-location'
filming.
"The Bahamas has used
similar techniques to attract
filmmakers, and the Atlantis
hotel resort has even
employed someone dedicat-
ed to work with the interna-
tional film. sector. Two fea-
ture films, Into the Blue and
Beyond the Sunset, were
recently filmed in the


Possible Bacardi buyer


awaits firm's Valuation
FROM page one

as it continues its winding -up process before moving all
Bahamas-based operations to Puerto Rico by April 2009.
The consolidation move by Bacardi had been on the cards for
a while, driven chiefly by this nation's high labour, utility and
overall operating costs, which squeezed margins and threat-
ened to make its rum products uncompetitive. Simply put, it did
not make business sense for Bacardi to keep operating from the
Bahamas.
There was also uncertainty over whether the Bahamas would
preserve duty-free market access for its rum products to Europe
by signing the Economic Partnership Agreement (EPA) with the
European Union (EU) something this nation has now moved
to do.
When asked whether the Bahamas' relatively high operating
costs had been factored into his plans, Mr Prichard said: "That
all has to be taken into consideration.
"What are high operating costs? You're talking about bring-
ing in a large volume of molasses. We buy molasses from all over
the world, and what does it matter whether it's brought in
through New Orleans or Nassau."
Among Prichards' Distillery's rum brands are Prichards'
Fine Rum, its best selling product; Prichards' Crystal Rum;
and Prichards' Sweet Georgia Belle.
The 38 released Bacardi employees were all given "generous"
severance packages, their pay through to the end of December
2007, and were able to use the company's outplacement employ-
ment services.



rlf
WINOIN4 SAY




Entry level Marketing role
Excellent communication and administrative skills
Highly motivated self-starter
Flexible schedule (weekdays/weekends/holidays as
scheduled)
-Ability to follow standard (and detailed) office/
administrative procedures.
Professional appearances and demeanor.
Computer literacy
Exceptional skills in long range guest relationship
maintenance.
Ability to assist with the execution and development
of Site Inspections and In house Activity

Please send resumes to

Attn: IIR Director
The Abaco Club on Winding Bay
P.O. Box AH20571
Marsh I arbour Abaco
humanresources(ictheabacoclub.com
()r

Fax: 242-367-0392


s economic


Bahamas.
"The film Beyond the Sun-
set, starring Pierce Brosnan
and Selma Hayek, featured
the Atlantis resort and logo
prominently in many scenes,
in return for the hotel pro-
viding free accommodation.
The value of the hotel rooms
was worth $1.3 million, but
in return the production
spent $12 million in the
Bahamas."
Mr Woods said yesterday
that the Bahamas continues
to see tremendous economic
benefits from the films that
shoot here, particularly in the
number of Bahamians who
are employed to work on pro-
duction sets. The success of
Ireland as a film location,
with that country seeing an 8
per cent economic boost from
increased visitor numbers, is
something he would like to
see the Bahamas emulate.
Mr Woods said 2007
proved to be a very reward-
ing year for the Bahamas
Film Commission, with five
major films being shot in this
country, including the first
Bahamian full-length feature
film, Rain.
Rain, starring 14 year-old
Ranel Brown and the late
Calvin Lockhart, was written
and directed by a Bahamian
filmmaker, Maria Govan. Ms
Govan raised over $1 million
to make her film, of which
some $400, 000 was spent in


the Bahamas.
Also filmed in the Bahamas
were:
The Italian film Matri-
monio alle Bahamas or
Bahamas Wedding,-starring
Massimo Boldi, Bruno Are-
na, Rafaello Balzo Anna
Maria Barbera. It was
released on November 16,
2007.
The romantic thriller
Sirens of Eleuthera, which
stars Dalas Davis, James
Brolin, Antonio Sabato Jr
and Anna Lynne.
Fool's Gold, starring Kate
Hudson, Matthew
McConaughey, Donald
Sutherland.
Pink Panther 2 with Steve
Martin also filmed in the
Bahamas for several days.
Mr Woods said that even a
one-day shoot can have
tremendous benefits for the
Bahamas.
'The beauty of film is that
you are only limited to your
imagination as to the sets you
create. The Bahamas is close
enough to justify shorter pro-
duction stays in some cases,"
he explained.
Mr Woods said there are a
number of films on tap for
2008, with, "a film by a major
director" expected to begin
production later this month.
However, he said he was
not at liberty to reveal the
productions yet.


WANTS TO BUY
Fixer Upper House in the
following areas:
Yellow Elder, Regency Park, Kennedy Sub
Lyford Cay excellent investment
The Executive Dream
Lot 140 x 150 app. Value $700,000
Asking $650,000 (including house plan)

John F, Kennedy
On the Ridge 2 acres plus
Ideal for Business Headquarters, School/Church.
$8.50(eight dollars & fifty cents) per sq ft.

Monastry Park Heights hill top lot 71 x 180
Multi Family Breath Taking view $135,000
Can Assist with financing.

Twynam Heights
Lot 100 x 100
One lot opposite the beach on the main
Yamacraw Road
$129,000

Off East Street South
60 x 100 Duplex Lot
$75,000.

Long Island
4.5 acre on
Beautiful Sandy Beach
In the vicinity of
Stella Maris, ideal for 2nd floor cottages.


=1=~113 11~r*= gel~X~IIZ~c'~~~


Film


Bar/RestaurantCafo


FOR SALE
Excellent business
opportunity, Bay Street,
2 minutes distance from
cruise ship terminal.
Call now
359-3728


impact is 'on the cards'


ESSO Standard Oil, S.A., Ltd. is looking for

Talented Candidates who seek Exceptional Career

Development




SALES TERRITORY MANAGER


ROLE STATEMENT:
To develop consultative relationship with customers and utilize in-depth knowledge
of competitive sales tactics, efficient operating practices, adequate customer service,
provide advise and assist customers in making business decisions to improve
profitability.


NECESSARY SKILLS/COMPETENCIES:
Bachelor degree in Marketing, Business Administration; or Related Fields
4-5 Years of experience in sales
Analytical Capability
Great Interpersonal Effectiveness & Communication Skills
Strong Decision Making, Problem Solving, Computer & Analytical Skills
Has Commitment to High Standards
With Drive, Perseverance & Initiating Action




If you fulfill the position requirements, please send your resume by email to recruitmentbahamas@yahoo.com
before January 4, 2008


FRIDAY, JANUARY 4, 2008, PAGE 3B


THE TRIBUNE








THE TRIBUNE


PAGE 4B. FRIDAY. JANUARY 4, 2008


St George estate

questions validity

of Babak contract

FROM page one

The Board meeting minutes
noted: "Lord Euston [a St
George estate executor]
informed the meeting that
negotiations for a contract
between Hannes Babak and
Port Group Ltd/Grand
Bahama Port Authority would
be finalised tomorrow when
Mr Bridges returns."
Mark Bridges is the St
George estate's UK attorney,
and Mr Whittaker alleged that
Mr Bridges had sworn a
November 17, 2006, affidavit
alleging that "the ongoing
negotiations were never con-
cluded" regarding Mr Babak's
contract.
Responding to Mr Boxall's
affidavit, Mr Whittaker
alleged that IDC's appeal
against an earlier $6 million
dividend declared by the
GBPA and Port Group Ltd
receivers was served "out of
time", and the company had
not attempted to seek the
Court of Appeal's leave out
of time.
Mr Whittaker also alleged
that "since inception" of IDC,
Sir Jack Hayward's family
trusts and Mr St George had
received their dividends from
the GBPA and Port Group
Ltd "without regard to the
corporate issues now being
raised".
In addition, the affidavit
denied Mr Boxall's claim that
Sarah and Caroline St George
were separately claiming enti-
tlement to the St George
estate's shares in IDC.


SHAMINE JOHNSON
has been appointed manager
of the Bahamas Hotel Asso-
ciation's (BHA) newest
office in Grand Bahama and
the northern Bahamas.
In a release to announce
the appointment, BHA pres-
ident Russell Miller said:
"We are very excited about
our new presence in the
northern Bahamas. We are
confident that with the cre-
ation of this position, and
our choice in Ms Johnson,
the touristic product in
Grand Bahama will be
enhanced. With the planned
new positioning of Grand
Bahama announced at the
recent launching of the
Enculturation Program of
the Grand Life, we could not
think of a more opportune
time to join in with the
rebirth of the island."
In her new capacity, Ms
Johnson will work closely
with BHA's executive vice-
president, Frank Comito,
who said: "We are pleased
to have joined with the
Grand Bahama Island
Tourism Board to make this
position a reality. This is a
further indication of our


Legal Notice
NOTICE
NOTICE IS HEREBY GIVEN as follows:
(a) CASSANDRA INTERNATIONAL LTD. is in dissolution under the
provisions of the International Business Companies Act 2000.
(b) The Dissolution of said Company commenced on January 4, 2008
when its Articles of Dissolution were submitted and registered by the
Registrar General.
(c) The Liquidator of the said company is Shakira Burrows of 2nd
Terrace West, Centreville, Nassau, Bahamas,. ,,i o ,
(d) All persons having Claims against the above-named Company are
required on or before the 22nd day of February, 2008 to send their names
and addresses and particulars of their debts or claims to the Liquidator of
the company or, in default thereof, they may be excluded from the benefit
of any distribution made before such debts are proved.
January 4, 2008

SHAKIRA BURROWS

LIQUIDATOR OF THE ABOVE-NAMED COMPANY




Royal Island (Bahamas) Limited

INVITATION FOR EMPLOYMENT

Royal Island (Bahamas) Limited, the developers of the
Royal Island resort and residential project at North Eleuthera
invites suitably qualified individuals to apply for the
following positions with the company:

Spa Manager
* Must have at least 5 years experience in all aspects of
spa therapies.
* Experience with and knowledge of local spa and beauty
products.
* A commitment to service at the highest level.

Yoga Instructor/Fitness Club Instructor
* Must have experience in fitness club industry.
* Qualified yoga instructor.
* Experience in the tourism field a plus.

Sous Chef
* Must be able to prepare 5 star French cuisines in an
island atmosphere.
* Must have experience in a 4 or 5 star small boutique
restaurant environment.
Commitment to service at highest level

A la Carte Waiter
Must have at least 5 years experience as a Waiter in a
fine dining atmosphere'or highly regarded restaurant
Knowledge of French inspired cuisine a plus.
Commitment to service at highest level.

Bartender
Must have 5 years experience in a 4 or 5 star hotel or
cocktail bar.
Must have extensive knowledge of cocktails and wine
varieties.
Experience in dealing with high level clientele.
All positions require successful applicants to reside at
North Eleuthera.
Interested persons should submit their resumes with cover
letter to:
Harcourt Management Services Ltd.
P.O. Box N-1991
Nassau, Bahamas
Fax to: (242) 356-4125
Or Email to: info@gomezcorp.com
Royal Island (Bahamas) Limited thanks all applicants for
their interest, however only those under consideration will
be contacted.


leadership's belief in the
future of tourism in Grand
Bahama and the northern
Islands.
"Drawing on Shamine's
energy, talent and commit-
ment to Grand Bahama, we
hope to poise the private
sector to be in a better posi-
tion to help improve the
tourism product and prepare
the industry and the island
for the tremendous oppor-
tunities which lie ahead."

Excitement

The Grand Bahama native
expressed excitement in join-
ing the BHA, and said she
looks forward to the chal-
lenge ahead.
"The reward of being
involved with the changes in
tourism occurring through-
out the Bahamas will be per-

FROM page one

With the Sea/Air Business
Centre valued at $70 million,
giving Port Group Ltd a $35
million share, Mr Babak pro-
posed that this interest be given
to Hutchison Whampoa and
swapped with that company's
interest in the GBAC, plus
"complete forgiveness of the
mortgage and shareholder
loans".
The $35 million valuation
would cover Hutchison Wham-
poa's $35 million loan to the
GBAC, while Freeport Har-
bour Company would "forgive"
the $20 million loan that it had
paid.
Ultimately, the arrangement
proposed by Mr Babak, which
has never been effected, would
have left Hutchison Whampoa
in 10o per cent control of
Freeport Harbour Company
and the Sea/Air Business Cen-
tre, with the GBAC under Port
Group Ltd's 100 per cent own-


sonally fulfilling," she
said.
Ms Johnson has worked in
the industry since 1995,
specifically on Grand
Bahama. Her career path
began after graduating with
a Bachelor of Science degree
in Hospitality Management
from Bethune-Cookman
College, and she started in
sales with the Running Mon
Marina and Resort now the
Sunrise Resort, where she
held the position of sales
coordinator.
She furthered her career
with The Bahamas Princess
Hotels, where she held
numerous positions, and
most recently was the exec-
utive assistant to the man-
aging director at the Westin
Sheraton Grand.Bahama
Island Beach and Golf
Resort.



Airport

ership.
Mr Babak told the meeting
that he felt that without the
loans and reduced management
fees, plus an increase in passen-
ger traffic and better cost man-
agement, the GBAC could
become profitable despite its
reputation as a "borrowing
company".
This was emphasised by the
Port Group Ltd Board approv-
ing a $1.358 million loan from
Freeport Harbour Company to
the GBAC to cover its 2006
insurance premium costs and to
"confirm the loan of $500,000
already paid for payment to
creditors".
The Board minutes lay out
graphically the extent of the
GBAC's indebtedness, and the
size of Hutchison Whampoa's
loans and financial commit-
ments, which are at the centre


NOTICE
NOTICE is hereby given that LUC HENRY TELFORT, EAST
STREET, ENEAS CORNER, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and that
any person who knows any reason why registration/ naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from the 4TH
day of JANUARY, 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Nassau, Bahamas.




NOTICE
NOTICE is hereby given that SHELLEY ANNE WARD OF
BAYCROFT APARTMENTS, MONTAGUE FORESHORE, P.O.
BOX N-7115, NASSAU, BAHAMAS, is applying to the Minister
responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and that
any person who knows any reason why registration/ naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from the 4TH
day of JANUARY, 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Nassau, Bahamas.


Bimini Sands Resorts & Marina
is seeking an
EXECUTIVE CHEF to Live and Work on
The Island of Bimini

This high profile, contemporary resort is seeking
an Executive Chef with food art experience and a
portfolio to back it up. The right individual will be self
motivated and ready to express all of the creative
requirements expected in a tropical island paradise.

The best candidate will have high volume experience;
comprehensive profit & loss knowledge, training
experience and know how to motivate and get
the best out of associates and will have a current,
modern an contemporary portfolio and able to submit
Photos if asked.

Salary will reflect experience and skill set, plus a
structured bonus program. Relocation to the island
will be provided along with living assistance.

If you meet the above qualifications, please forward a
formal resume to frankira.biminisands.com

Only the most qualified candidates will be contacted.
Key Words:
Executive Chef, Bahamian,Contemporary, Food Art


of the latest dispute between
the Hayward family trusts and
late Edward St George's estate
over the GBPA receivers' deci-
sion approved by the Supreme
Court to pay a $12.1 million
dividend.
Both sides and their attorneys
were in court yesterday over
applications by trustees for
Seashells Investments, the hold-
ing company for the Hayward
family trusts, and Interconti-
nental Diversified Corporation
(IDC), the GBPA and Port
Group Ltd holding vehicle, to
either stay the dividend pay-
ment or pay it to IDC.
Yesterday's hearing brought
no resolution, with all sides due
back before Justice Anita Allen
next Tuesday.
The Hayward trusts are argu-
ing against a dividend payment,
arguing that the. GBPA and
Port Group Ltd need to con-
serve capital and cash to meet a
number of potential liabilities,
one of which is Hutchison
Whampoa's demands over the
GBAC debt.
Yet Clifford and Myles Cul-
mer, the BDO Mann Judd
accountants appointed as the
GBPA and Port Group Ltd's
receivers by the Supreme Court,
have insisted that they have
held back "sufficient funds" to
cover potential liabilities.
In a December 20, 2007, let-
ter to Sir Jack, the Culmers said:
"We are holding back sufficient
funds for the moment to cover a


number of contingencies,
including the repayment of the
airport loan by Port Group Ltd.
"We are taking legal advice
on the airport loan, and will
make a determination early in
the New Year on what position
to take in respect of this partic-
ular claim.
"Please note that Mr Barry
is of the view, with which we
agree, that the companies have
sufficient unencumbered cash
in hand to pay out a dividend of
approximately $12 million,
which we will do in accordance
with the court order."
The December 19, 2007,
court order by Justice Anita
Allen approving the dividend
payment, stated "that the issue
as to whether a proportion of
the available funds should be
retained for the satisfaction of
the ILuqchison airport loan
demand. against Port Group. Ltd
is adjourned, aidIthe receivers
are directed to approach the
court in January 2008 for a fur-
ther date".
Although the strength of
Hutchison's legal claim is uncer-
tain, the Hong Kong-conglom-
erate is understood to be using
it as leverage to strengthen its
position in the ongoing battle
over the GBPA's ownership. It
has itself made a rival $125 mil-
lion offer to acquire the Hay-
ward trusts' stake in the GBPA,
countering the $100 million bid
submitted by Fleming Family
& Partners.


NOTICE
NOTICE is hereby given that GRAHAM MONTGOMERY WARD
OF BAYVIEW APARTMENTS, PARADISE ISLAND, P.O. BOX
N-7115, NASSAU, BAHAMAS, is applying to the Minister
responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and that
any person who knows any reason why registration/ naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from the 4TH
day of JANUARY, 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Nassau, Bahamas.



PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, TRAVINA
STRACHAN of P.O. Box N-9311, Nassau, Bahamas,
intend to change my name to TRAVINO HEBURN. If
there are any objections to this change of name by Deed
Poll, you may write such objections to the Chief Passport
Officer, PO.Box N-742, Nassau, Bahamas, no later than
thirty (30) days after the date of publication of this notice.






Must have a reliable

vehicle and be able to

work early morning

hours.

Applications are avail-

able for collection at the

Tribune's front desk. No

telephone calls please


Hotel group names





northern manager


-I --


BUSIESS


~58








FRIDAY, JANUARY 4, 2008, PAGE 5B


THE TRIBUNE


Rates on 30-year

mortgages in US

drop to lowest

level in four weeks

E WASHINGTON
Associated Press
RATES on 30-year mort-
gages fell last week to the low-
est level in a month as
investors found new reasons
to worry about a possible
recession.
Freddie Mac, the mortgage
company, reported Thursday
that 30-year, fixed-rate mort-
gages averaged 6.07 percent
this week.
That was down from 6.17
percent last week and was the
lowest level for 30-year mort-
gages since the week of Dec. 6
when they fell to a two-year
low of 5.96 percent. That
marked the only time that the
30-year mortgage was below
6 percent last year.
Analysts attributed the
decline in part to some weak-
er-than-expected economic
reports. The Institute for Sup-
ply Management reported that
its closely watched gauge of
manufacturing activity dipped
to the lowest level in nearly
five years.
Frank Nothaft, chief econo-
mist at Freddie Mac, said that
the fall in the manufacturing
index could possibly be a "har-
binger of a more substantial
economic slowdown" at the
start of this year. Already,
forecasters believe economic
growth will slip to a barely dis-
cernible annual rate of around
1.5 percent this winter and ear-
ly spring as the economy feels
the impact of the severe slump
in housing and a credit'
squeeze that hit last August.
Housing, which had enjoyed
a five-year boom of soaring
prices and record sales, has
been in a severe slump which
economists predicted will con-
tinue into 2008.
Nothaft said he predicted
that sales of both new and
existing homes will be around
5.09 million this year, down by
more than 11 percent from
2007.
"Our latest forecast has total
home sales: continuinrgtAo
decline in the first quarter of
the year before Startinga slow
recovery," Nothaft said.
Other types of mortgage
rates also experienced declines
this week, according to the
Freddie Mac survey.
Rates on 15-year mortgages,
a popular choice for refinanc-
'ing, dropped to 5.68 percent
this week, down from 5.79 per-
cent last week. Rates on five-
year adjustable-rate mortgages
declined to 5.78 percent, com-
pared to 5.90 percent last
week. Rates on one-year
ARMs fell to 5.47 percent,
down from 5.53 percent last
week.
Harder-to-get credit has
made it more difficult for some
would-be home buyers to
secure financing for home and
other big-ticket purchases. The
more restrictive credit situa-
tion has deepened the hous-
ing slump.
The mortgage rates do not
include add-on fees known as
points. Thirty-year, five-year
and one-year mortgages each
carried a nationwide average
fee of 0.5 point. Fifteen-year
mortgages had a fee of 0.6
point.


* TAMPA, Fla.
Associated Press
FLORIDA'S citrus grow-
ers reported only minor dam-
age Thursday from an
overnight cold snap that
brought snow flurries to one
part of the Sunshine State, but
farmers were still assessing
whether subfreezing temper-
atures harmed other crops.
A serious freeze would
have been devastating to the
country's biggest citrus indus-
try, already struggling from
years of diseases and hurri-
canes. But most groves are in
central and South Florida,
where temperatures hovered
in high 20s and low 30s. Trees
can be ruined when tempera-
tures fall to 28 degrees for
four hours.
"Mother Nature cut us a
break this time and now we
can continue to produce the
quality citrus crop Florida is
known for," said Michael W.
Sparks, executive vice presi-
dent and CEO of grower
advocacy group Florida Cit-
rus Mutual.
Temperatures were not
below freezing for long
enough to cause widespread
damage to Florida's citrus
trees, the group said. In fact,
the cold could benefit some
growers because it slows
down growth and hardens up
citrus trees.
Orange juice futures for
immediate delivery fell 2.30
cents to $1.45 a pound on the
New York Board of Trade in
early trading Thursday.
Elsewhere in the state, tem-
peratures dropped into the
20s in north Florida. The low-
est temperature recorded in
Florida was 20 in Cross City,
about 90 miles southeast .of
Tallahassee, the National
Weather Service said. Snow
flurries were reported near


FIONA FERGUSON, an international student from Scotland, sits bundled up, trying to stay warm in the cold weather that moved into south Florida
Wednesday, Jan. 2, 2008 in Miami as she guarded the Orange Bowl trophy at the Fan Fest event in downtown Miami. Kansas will play Virginia
Tech in the game. After a cold snap, orange juice futures for immediate delivery fell 2.30 cents to $1.45 a pound on the New York Board of Trade
in early trading Thursday.


the Daytona Beach
coastline, the first in Florida
since 2006.
Farmers were checking on
other crops that Florida pro-
duces in the winter for much
of the country, from broccoli
and cabbage in north Florida
to strawberries, tomatoes,
corn and citrus toward the
south.
The early looks indicated
that damage to most crops
would be isolated and "not as
bad as it could have been,"
said Terry McElroy,
spokesman" br the state


The US dollar



and gold rise



in Europe

* LONDON
Associated Press
THE U.S. dollar mostly rose against other major currencies in Euro-
pean trading Thursday. Gold also rose.
The euro traded at $1.4720, down from $1.4726 late Wednesday in
New York. Later, in midday trading in New York, the euro fetched
$1.4738.
Other dollar rates in Europe, compared with late Wednesday,
included 109.61 Japanese yen, up from 109.43; 1.1143 Swiss francs, down
from 1.1178; and 0.9919 Canadian dollars, up from 0.9907.
The British pound was quoted at $1.9731, down from $1.9802.
In midday New York trading, the dollar bought 109.55 yen and
1.1132 Swiss francs, while the pound was worth $1.9724.
Gold traded in London at $862.00 per troy ounce, up from $856.00
late Thursday. In Zurich, gold traded at $860.10 bid per troy ounce, up
from $851.55.
Silver opened in London at $15.27, up from $15.17.


Deloitte.




Administrative/Marketing Assistant

Responsibility:
* Preparation of correspondence to clients such as management and engagement
letters, proposals, reports etc.
* Administrative and clerical duties include but are not limited to taking calls,
filling, scheduling and copying documents.
* Coordinate brochures, presentations and other marketing material
* Maintain up-to-date contact mailing list
* Assist with meeting and seminar preparation

Requirements:
* Administrative and/or Marketing Background (at least 2 years preferred)
* An Associate degree in Business Administration or Marketing would be
preferred but not required.
* Proficient in MS Word, Excel and Power Point
* Ability to handle confidential information, excellent verbal & written
communication skills, problem solving skills, ability to prioritize, ability to
work well independently & in a team
* Salary or equivalent to commensurate with experience

Applicants should send their resume and cover letter via email
No later than Monday January 14, 2008
Att: Human Resources Manager
careers@deloitte.com.bs


Department of Agriculture
and Consumer Services.
McElroy said most of the
crops growing in north Flori-
da can withstand cold snaps
and were probably not dam-
aged in the freeze.
But many inland areas of
central Florida had below
freezing temperatures for six
hours or more a potential-
ly bad harbinger for certain
crops like strawberries.
This year's strawberry crop
is estimated to be worth $273
million, although growers are
early in their season, which
runs through April.
"I feel confident we're


going to have some damage,"
said Carl Grooms, a Plant
City strawberry farmer. Tem-
peratures in his fields hovered
around 27 degrees for several
hours overnight.
It may be days before some
farmers know for sure how
much they have lost.
With the entire state, from
the Panhandle to Miami,
under a freeze warning
Wednesday, growers tried to
harvest as many mature fruits
and vegetables as possible.
Gov. Charlie Crist signed an
emergency order to relax
restrictions on transporting
produce. s~ -


Cold temperatures will
return overnight into Friday,
but they are not expected to
be as severe as Thursday
morning.
The freezing weather comes
as Florida tourism officials
started a redesigned Web site,
www.visitflorida.com, aimed
at "people interested in
escaping the ice, snow and
freezing temperatures this
winter."
Fortunately for those escap-
ing, or unaccustomed to the
cold, temperatures are expect-
ed to return to the 70s across
much of the state by the
weekend.


Credit Suisse, Nassau Branch,

Private Banking
is presently considering applications for a


TREASURY ADMINISTRATOR



The position is open to candidates with the following minimum requirements:

Minimum qualifications:
Three Five years International Banking experience in the Money Market/
Forex and Securities Trading and Execution Department of an offshore bank
or Asset Management Company.
PC Literacy (MS Word, Access, Excel).
General banking knowledge-and keen knowledge of (trading and settling)
.capital market instruments.
A Bachelor's or Associates degree with concentration in Fnance/Economics.
Series 7 Certification or Canadian Securities Course qualication would be an
asset.

Personal Qualities:
Excellent organizational and communication skills.
A commitment to service excellence.
Ability to work with minimum supervision.
Goal oriented.

Benefits provided include:
Competitive salary and performance bonus
Pension Plan
Health and Life Insurance


APPLICATIONS MUST BE IN WRITING.
the minimum requirements need not apply.


Persons not meeting


Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas
or via fax 356-8148

DEADLINE FOR RECEIPT OF APPLICATIONS IS
JANUARY 11T, 2008.




CREDIT SUISSE


Florida citrus crops escape severe




damage despite freezing weather


BUSINESS


I








6B, F D J U 4


US factory





orders rise by





largest amount





in four months


WASHINGTON
Associated Press

ORDERS TO U.S. facto-
ries jumped in November by
the largest amount in four
months. The increase was dri-
ven by higher petroleum
prices and was not viewed as a
sign of any newfound strength
in manufacturing.
The Commerce Depart-
ment reported Thursday that
orders for manufactured
goods rose by 1.5 percent in
November, the biggest rise
since a 3.4 percent surge in
July.
But all the strength came in
demand for nondurable
goods, which shot up 3 per-
cent, reflecting higher oil
prices. Orders for durable
goods, everything from appli-
ances to autos, actually fell by
0.1 percent, the fourth straight
monthly decline.
Analysts said the drop in
durable goods reflected the
problems facing factories right
now. On Wednesday, the
Institute for Supply Manage-
ment reported that its closely
watched manufacturing gauge
plunged to 47.7 in December,
the lowest reading since the
spring of 2003 when business
confidence was hurt by uncer-
tainties surrounding the inva-
sion of Iraq. Any reading
below 50 is a sign that manu-
facturing is contracting.
Wall Street, which had
plunged on Wednesday


because of new worries about
a possible recession and high-
er oil prices, rebounded in ear-
ly trading on Thursday with
analysts choosing to focus on
stronger job readings.
The Labor Department
reported that number of new-
ly laid off workers filing appli-
cations for unemployment
benefits totaled 336,000 last
week, a drop of 21,000 from
the previous week. While the
decline was more than double
what had been expected, ana-
lysts said the improvement
was skewed by the fact that
many state claims offices were
closed for part of last week
for the Christmas holidays,
giving laid off workers less
time to file claims.
Private businesses added a
modest 40,000 jobs to their
payrolls in December, accord-
ing to a separate report by
payroll giant Automatic Data
Processing and forecasting
firm Macroeconomic Advis-
ers.
Economists said this sup-
ported their view that the
unemployment rate probably
ticked up from 4.7 percent in
November to 4.8 percent in
December, with total payroll
jobs both private compa-
nies and government grow-
ing by around 70,000. The
government will release this
report on Friday.
Joel Prakken, an economist
at Macroeconomic Advisers,
said employment growth at


this level should be enough to
keep incomes rising and con-
sumers spending and prevent
the country from dipping into
a recession.
He said he was forecasting
overall economic growth of
around 1.5 percent in the final
three months of 2007 and the
first three months of this year.
That would be far below the
4.9 percent growth rate of last
summer but still in positive
territory.
"We have a pretty pro-
nounced slowdown but no
recession in our forecast,"
Prakken said.
He said with the help of rate
cuts from the Federal Reserve
the economy should rebound
to growth of around 2.5 per-
cent to 3 percent in the sec-
ond half of 2008. The Fed has
already cut a key rate three
times with.many economists
predicting three more rate
cuts to come as the central
bank seeks to bolster con-
sumer and business confi-


dence which has been rattled
by the steep slump in housing
and the credit crisis which
erupted in August.
The report on factory orders
showed demand for non-
defense capital goods exclud-
ing aircraft, a category which
is closely watched as a signal
of business investment plans,
fell for a second straight
month, dropping 0.1 percent
after an even bigger 3 percent
plunge October. The concern
is that the plunge in housing
and the severe credit squeeze
that hit in August are causing
businesses to turn much more
cautious.
The total of 336,000 jobless
claims was the lowest weekly
figure in three weeks. It fol-
lowed a revised claims total
of 357,000 last week, which
had been the highest weekly
total since October 2005 when
layoffs had surged in the after-
math of a series of devastating
hurricanes along the Gulf
Coast.


Law amended to shield


tax-exempt groups

By LYNNLEY BROWNING
c.2008 New York Times News Service

PENSION FUNDS, university endowments and other orga-
nizations that are exempt from paying taxes in the US. will no
longer be ensnared by a law intended to combat two notorious
corporate tax shelters.
President Bush signed an amendment Saturday to the 2004
law, providing relief for investment partnerships whose investors
include tax-exempt entities.
The law was originally intended to curb questionable tax
arrangements in which corporations bought public land or
assets and then leased them back to cities and states. Such
deals generate big tax breaks for companies but not for the
governments, which typically make such deals to meet budget
shortfalls or finance infrastructure projects.
Such deals known as lease-in, lease-out, or Lilo, and sale-
in, lease-out, or Silo came into widespread use in the
late 1990s. The IRS formally banned Lilo by 2000 and Silo by
2005.
While the Treasury Department and the IRS had not taken
action against partnerships with tax-exempt investors, a mora-
torium on applying the law to non-abusive partnerships would
have expired at the end of last year.
Kenneth J. Kies, a tax lobbyist in Washington, said Wednes-
day that although the old law was intended to apply to entities
that leased tax-exempt property, it had also inadvertently cov-
ered tax-exempt entities in partnerships that were not taking
advantage of the law.
The amendment does not allow tax-exempt partners to engage
in Lilo or Silo transactions.
Lee Sheppard, a tax commentator for Tax Analysts, a t
rade publication, said, "No one who is doing a Silo will get
off."


Pricing Information As Of:
Thursday, 3 January 200 8 C F A L'"

852wK-H, S'wl-Loi. Securll Presl.:us,. C.slos T,,da,'s C'lo5se Charge Daill ol EPS I DI. PE tlolal
1 66 0 54 'oaos Market 1 t6 166 0 0.157 0.000 10.6 U.OO0o
11.80 11.90 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9 3.39%
9.81 8.03 Bank of Bahamas 9.61 9.61 0.00 0.733 0.260 13.1 2.71%
0.85 0.70 Benchmark 0.85 0.85 0.00 0.188 0.030 4.5 3.53%
q.74 1.75 Bahamas Waste 3.66 3.66 0.00 0.289 0.090 12.7 2.46%
2.70 1.22 Fidelity Bank 2.65 2.65 0.00 0.058 0.040 45.7 1.51%
12.05 10.00 Cable Bahamas 12.05 12.05 0.00 1.030 0.240 11.7 1.99%
3.15 1.90 Colina Holdings 3.15 3.15 0.00 207 0.031 0.040 101.6 1.27%
8.43 4.17 Commonwealth Bank (S1) 8.43 8.42 -0.01 2.440 0.426 0.260 19.8 3.09%
7.22 4.74 Consolidated Water BDRs 4.95 5.07 0.12 0.129 0.050 38.4 1.01%
2.60 2.20 Doctor's Hospital 2.35 2.35 0.00 0.316 0.020 7.4 0.85%
7,20 5.70 Famguard 7.20 7.20 0.00 0.713 0.280 10.1 3.89%
12.95 12.02 Finco 12.95 12.95 0.00 0.829 0.570 15.6 4.40%
14.75 14.15 FirstCaribbean 14.60 14.60 0.00 0.914 0.470 16.0 3.22%
6.10 5.18 Focol (S) 5.18 5.18 0.00 0.359 0.140 14.4 2.70%
1.00 0.54 Freeport Concrete 0.77 0.77 0.00 0.017 0.000 45.3 0.00%
8.00 7.10 ICD Utilities 7.25 7.25 0.00 0.411 0.300 17.6 4.14%
11.00 8.60 J. S. Johnson 11.00 11.00 0.00 1.059 0.590 10.4 5.36%
10.00 10.00 Premier Real Estate 10 nn 10 00 0 00 16 l' n600 8 s 6 e.On
.' ' ^ 'Fidelity Over-t aeoi e .*, k ... .
52, -HmI 5,. .Lc.. 5ymb.oi L13 3F s"? 1 Last Price '.reeki. o EPPS I' DI. I PE ild
14.60 14.25 Bahamas Supermarkets 14.60 15.60 16.00 1.160 1.185 13.4 8.12%
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 0.20 -0023 0000 N'M 00 01
SCoIna :O-*. .:.:'.t -o 0" orooo ,MCl.aa 0~
4I 00 I-0 ABDA j i, 1 f J 4,,( ,, ':, ,,
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 1.125 13.4 7.71%
0.55 0.40 RND Holdings 0.45 0.55 0.45 -0 03n n oon N'M n nn.
52wK-HI 52i -Lora Funo Name NA v YTD% Last 12 Months Div $ Yield %
1.3686 1.2647 Colina Money Market Fund 1.368558*
3.5388 3.0569 Fidelity Bahamas G & I Fund 3.5388***
2.9902 2.4723 Colina MSI Preferred Fund 2.990218*
1.2827 1.2037 Colina Bond Fund 1.282687*
11.6192 11.3545 Fidelity Prime Income Fund 11.8192"**
..... ..I.-t^'y'^'. -,., .: FINDVFX: CLOSE 9$19.2e6 1 YO' it32B0'10I1E ,?11 , "
DISX ALL. .nA.E-At INtlC I iuec u2 IuuOu.u MARKET TERMS YIELD last 12 month dividends divided by closing priceV EY
52wk-HI Highest closing price In last 52 weeks Bid $ Buying price of Collna and Fidelity
52wk-Low Lowest closing price In last 52 weeks Ask $ Selling price of Colina and fidelity 21 Decemnonr 2007
Presvous Close Previous day's weighted price for daily volume Last Price Lest traded over-the-counter price 30 Juno 2007
Today's Close Current day weighted price for daily volume Weekly Vol. Trading volume of the prior week 31 0,tlober 2007
Change Change In closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths 31 July 2007
Delty Vol. Number of total shares traded today NAV Net Asset Value
DIV $ Dividends per shere paid In the last 12 months N/M Not Meaningful
P/E Closing price divided by the last 12 month endings FINDEX The Fidelity Bahamas Stock Index January 1. 1994 100
8) 4-for-1 Stock Split Effective Date 8/8/2007
S1, 1. 1 3,'. .' g. sr. 1.t)e t I I I ,


Share your news
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from people who are
making news in their
neighborhoods. Perhaps
you are raising funds for a
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award.
If so, call us on 322-1986
and share your story.






^Tgff--


Legal Notice


INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

SANDBACH COMPANY LIMITED
In Voluntary liquidation

"Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
SANDBACH COMPANY LIMITED is in Dissolution."

The date of commencement of dissolution is the 28th day of
November, 2007


LUIS PINEYRUA PITTALUGA
Juncal 1305, Office 2201
Montevideo, Urguay
Liquidator


PAGE 6B, FRIDAY, JANUARY 4, 2008


THE TRIBUNE


Gold prices jump


for second day on


weakened US dollar,


surging oil prices

N NEW YORK
Associated Press
GOLD PRICES climbed Thursday for a second day,
propelled by a weakened U.S. dollar and surging oil
prices potential signs of inflation that boosted the pre-
cious metal's appeal as a safe-haven investment.
Other commodities were mostly higher, with soybean
futures rising to a 34-year high and crude oil hitting $100
a barrel for the second straight day.
An ounce of gold for February delivery rose $8.60 to
$868.60 an ounce on the New York Mercantile exchange.
February silver added 17 cents to $15.40 an ounce, while
February copper gained 7.85 cents to $3.1380 an ounce.
The greenback's steep decline against the 15-nation
euro has been a major driver behind gold's advance from
less than $650 an ounce in January 2007 to current prices,
which are still short of the all-time high of $875 an ounce
set in 1980. Investors often use gold as haven from falling
currency values.
On Wednesday, gold prices hit a trading high of $864.50,
marking a nearly 30-year record in what's known as front-
month trading of gold contracts; the previous high was
$850. Gold prices increased nearly 32 percent in 2007.
"The euro continues to tick a little higher, and that's
supporting the gold market," said James Steel, a pre-
cious metals analyst at HSBC. "If you combine that with
the uptick in the oil price, you have a cocktail that is
positive for bullion."
The dollar gained slightly against the euro after trading
lower earlier Thursday. The euro traded at $1.4738, down
.from $1.4726 late Wednesday in New York.
A gold buying spree by investment funds also propped
up gold Thursday, the second trading day of the new
year, according to Jon Nadler, an analyst with Kitco Bul-
lion Dealers.
"The funds' Godzilla-sized footprint is really evident
today. They have a lot of money to play around with,
and it's helping gold," Nadler said.
The surge in the price of oil which hit $100 a barrel
for the first time ever Wednesday and did so again Thurs-
day also has helped boost the price of gold as investors
shifted resources to the precious metal, often seen as a
hedge against inflation and political uncertainty.
Light, sweet crude for February delivery rose 47 cents
to a trading record of $100.09 a barrel on the New York
Mercantile Exchange. February gasoline fell 1.34 cents to
$2.5555 a gallon on the Nymex, while February heating oil
rose 0.11 cent to $2.7415 a gallon.
In other commodities, agricultural futures rose broad-
ly, with soybeans hitting a 34-year high on speculation
that demand for the crop will grow in 2008.
Soybeans for March delivery rose 8.25 cents to $12.57 a
bushel on the Chicago Board of Trade, after earlier trad-
ing at $12.645. That was the -highest price in the most
actively traded contract since 1973.
Wheat for March delivery rose 24.40 cents to $9.394 a
bushel. March corn added 0.6 cent to $4.632 a bushel.
Meanwhile, Florida's citrus growers reported only
minor damage Thursday from an overnight cold snap. A
serious freeze would have been devastating to the coun-
try's biggest citrus industry, already struggling from years
of diseases and hurricanes.
Orange-juice futures for immediate delivery fell 3.55
cents to $1.4375 a pound on the New York Board of
Trade.









THE TRIBUNE


FRIDAY, JANUARY 4,2008, PAGE 7B


COMCS AG


JUDGEPARKER
A*rdn P H-..wu \ A6 PUSNA 6
i.aWp m 7 r HW YOu IN LAW
ro=eu w4 ON 604000

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Tw lrACME YVOUlWrTi6l Ie INI1/eMM'
I d1M6 VAPe U41V.p-Se of


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4 r e lteinediary place (6)
7 Alie gear of a guarded pers
wih adght to honour (B)
A teiglouB probeoner
wo' Wlh sin (6)
1f Spread out with aulhorfyk
S i y(6) ..
3 in scored wonan, car be
S..Itanellh(4) A
SSop at a minor taller (4)
5Jithere the piano Is onkt
U,' Nominalknowledge ( ?
S17 A herotamed? (4)
Sound to be tlred, ha
Iostheart(4)
I2 fth obligatory for a n. day,
:..tobe blue (9)
p3 Record wthomesonaen'(4)
24 Criketer lnwr.d a
dedratlon(4)
lWe InAnnoDOn yi ee (3)
SHehadto holdtt
possessed (4) ;
.29 Work In the da
Balldon(4)
32 Refuse in the l0denuy (4)
33 In bref, wild t~ In
Battersea Parkn)
34 Judge to be a) mf*llroney? (6)
35 Taking the pIaB oOmeone In a
bad way (8)
36 Poetion as an m a distance (6)


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SPR6.'Y FUIY
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(1-14.
.... s..........s


ACROSS
4 Tension (6)
7 Car light (4,4)
8 Feline (6)
10 Fastening (5)
13 Rope (4)
14 Cosmetic powder (4)'
15 Drll (4)
16 Lubricant (3)
17 Deserve (4)
19 Nurse (4)
21 Childsh (9)
23 Key (4)
24 Ages (4)
26 Tibetanox(3)
27 Formerly(4)
29 Metal (4)
32 Worry (4)
33 Stop(5)
34 Pace(6)
S 35 Dimlnish (8)
I 36 Bad-tempered (6)


DOWN
1 Fashonable sound? (5)
2 Deorationgivingyousometing ke -
athill(5)
3 Many solders arenot31(4)
4 Chaps joinng us Inthe Ists (5)
5 The Immorlal one of the Joneses (4)
6 eaten for taste? (6)
9 He gives an address, alternatively
;he new rota(6)
11 .A god for all (3)
I 1 l bound tobe educational? (5)
SII3 Eventualygiving a friend a portion
of lsh (7)
jl One may be out of peas (3)
0 A noted opener (3)
SMoves slowly wth somepain to par
-,, ofthechest(6)
$0 Angry when a hairpiece falls on the
ea somehow (5)
S21 .Central In Roman numerals (3)
S22 I's just a lttlle, but thanks a lot (3)
I23 Work and rest,pertaps,
out West (6)
25 Thatman's a bit of a sophist (3)
28 Follow a girlto the end of
the garden (5)
30 Something to go round in (5)
31 Supported, at length, by
underpinnings (5)
32 One with a chapter to himself? (4)
33 Would a twistedankle give youa ,
nasty one? (4)


Yesterday' c ltlc lutions Yesterday's easy solutions
ACROSS:-1,P a7, ong John) 8, DI-AJ 10, ACROSS: 1, Barrel 7, Atypical 8, Bts 10, Credt 11, Facade
Sh-a-GGy 11, toible 14, L-.e. 16, Inset 17, Open 19, 14, Ten 16, Rapid 17, Scar 19, Paper 21, Feral 22, Peril
Hop-Ed 21, Mlda22,Alde-d23, S11126, G-eas 28, Her 23, Rasp 26, Aides 28, Red 29, Grotty 30, Divert 31,
129, Orders 30, 4o81, Amen 32, Grenades33, Kitten Open 32, Ensuring 33, Enlist
DOW t1, Prestel OllG-n 3, A4-y4, Agonl-E-s 5, DOWN: 1, Brics 2, Raider 3, Last 4, Apparel 5, Scrap 6,
Boobs 6, Ule~ 9, Age 12, A-nd13, Level (rev.) Piled 8, Bela Tin 12, Car 13, Dives 15, Pars 18, Chor
15, Mo-de 1lr 19, Hid 20, P-ad 21, M-I-sread 22, 19, Per 20, Pal 21, Festers 22, Pet 23, Reveal 24,
Are 23, lc I-R-on 25, Le-GI-on 26, Gorge 27, Aden 25, Potent 26, Agree 27, Douse 28, Rip 30,
Adder 28 B-ask Doge


c M, I Isr WBED D ITS
S| n QUARERt oE









e 14 W





TI IL




*WAiTPrVTOCA 'IAT'N WUE rURS!" I or | ig


A Tough One to Solve


-West dealer.
jNorth-South vulnerable.
NORTH
+AQ10986
V74
*Q3
+A74


WEST
*K42
W63
SKJ109852
#6


EAST
#J73
V952
+76
SKJ952


SOUTH
+5
VAKQJ108
*A4
Q 10 8 3
7Te bidding:
Wat North East South
3*4 34 Pas 6V
Opening lad six of club.
This is a doubl-dummy problem.
The aim is to make six hearts against
a club lead. As in all double-dummy
problems, you are permitted to look
at all four hands. Instead of playing
with just the dummy exposed,
declarer plays as though everyone's
hand is exposed.
It would be wrong to assume that
double-dummy problems are easy to
solve just because the location of all
the cards is known. On the contrary,
in these problems the play is much
more difficult than in the average
single-dummy hand.
i1 Obviously, the club lead cannot be
ducked in dummy because East
would win and return a club to defeat


the contract immediately. So the
question is how to play after you've
won the ace of clubs, it being
assumed that East and West will find
the best defense.
Here is the solution. Declarer
plays three rounds of trumps, dis-
carding a club from dummy. A spade
is led, and the queen is finessed. The
ace of spades is then cashed,
which South discards the ace of dia-
monds!
A spade is now ruffed, establish-
ing dummy's spade suit, and a dia-
mond is led toward dummy's queen,
West, who has only diamonds left,
cannot prevent declarer from reach-
ing dummy. South's three losing
clubs are then discarded on the
spades.
No clamn.ts anuide-hat re
dealdeclhr should play in thi -.
ion. Without seeing the oppoelMs'l
cards, the normal play would kto
duck the club and hope for the best.
But seeing all four hands allows
declare to make plays that ordinarily
would not be dreamt of. That's why
double-dummy problems are some-
thing special.
Note that only if the ace of dia-
monds is discarded on the ace of
spades can the contract be made. f
South throws a club on the spade ace,
he will be defeated when West plays
the spade king if'rethe'tine vid
being endplayedD'Only the meThbd t .
play described is sure to prodice 12
tricks.


ATARET


A


E_

Gj


E



'
g


D


E


The
sr-


Ilose
the maON
body of
21st
C-tum
(NSUmry
(1989
edft"a


HOW many words of four letters
or more can you make from the
letters shown here? In maklfg a
word, each letter may be used
once only. Each must contalb the
Centre letter and there must be
at least one nine-letter word. No
f TARGET
Good 29; very good 34; excellent
S58 (or more). Solution tomorrow.


DOWN
1 Upright (5)
2 Man-made
waterway (5)
3 Hit (4)
4 Tack (5)
5 Regretted (4)
6 Dul(6)
9 ldiot (6)
11 rcuit(3)
12 Play section (5)
13 Jon (7)
15 Undergarment (3)
16 Number(3)
18 Spare(6)
20 Woman's name (5)
21 Kind (3)
22 Digt (3)
23 Horse's gal (6)
25 Lettuce (3)
28 Poor(5)
30 Navigation aid (5)
31 At no time (5)
32 Inflexible (4)
33 Be concerned (4)


I I-- -


Viktor Korchnoi v Mihajo
Stojanovic, Banja Luka 2007
Endgames with queens and pawns
are notoriously tricky, and even the
legendary Korchnoi had to be
careful two pawns up here. The
former world title challenger's
problem Is that his Serbian
opponent threatens a draw by
continuous queen checks at f and
d. Well, maybe the white king
could run to the other side of the
board, but at best it's a tedious
process. Kprchnoi won the str( ng
Banja Luli tournament at age 76, a
new peak for chess achieve( nt by
a veteran. His solution to toda y's
puzzle was typically witty, a n mixture
of checkmating the black kinr or
deftly switching to a pawn
endgame. What was Korchnr i's
winning move?


.-HIUAY,
JAN 4


I HAD TO TELL TONY HA' T
$LONDIE'S GOT ME ON ANOTHER


CHESS b L CO


LEONARD BARDEN


Chess: 8512:1 h4+1 If now Kh5 2 Qxf5+ Kxh4 3 g3
mate. So Black tried Kxh4 2 Qc4+I and resigned
since after Qxc4 3 bxc4 White's a2 pawn will queen.


S CRYPTIC PUZZLE


'I


AQUARIUS -Jan 21/Feb 18
Things are shifting into a higher or.a
lower gear this week, Aquarisi-This
could be-a promising change, a.g e-
way into the next phase of your life.
PISCES Feb 19/March 20
You'll be surprised how quickly
things happen this week, Pisces.
Don't fight the tide it's taking
you to better places, new experi-
ences and acquaintances.
ARIES March 21/AprjO l.
While you don't la*k ambition his
week, you're short on people ;ho
share your enthusiasm. Look for
romance in an unexpected place.
TAURUS April 21/May 21
Prickly colleagues complain that
you're egotistical and uncompromis-
ing, but in your mind, you're simply
co-fident and exacting. Whatever.
You prefer to work alone anyway.
GEMINI May 22/June 21
Hold on, Gemini, ,this week
promises'sonie surprises at home
and at work. Keep your.cQI1 and
Others will be impressed with your
management skill. A lost love finds
his way back to you o Friday. .
CANCER Jupe 22/July 22
It's about time you stepped"but of
your shell for a bit, Cancer. In fact,
you're feeling downright adventur-
ous this week. Great! Get .out there
and show 'em what-you've got.
LEO July 23/August 23
A windfall relieves some of your
money woes, but that doesn't mean
that you're rich. Spend this cash
wisely now, and the real rewards
will follow.
IVIRGO Aug 24/Sept 22
This is a time to go -it aloe, Virgo, '
jPedple are too unpredictAble this
week. Have faith in you9elf--
everyone else does.
LIBRA Sept 23/Oct 23
Nothing will work out as planned
This week, Libra. It's just one of
those weeks. While certainly frustrat-
ing, it will teach you to adapt. Take
time for yourself on Tuesday.
ISCORPIO Oct 24/Nov 22
IYou're on fire, Scorpio at yom
creative peak. Others will be look-
ing for a chance to share in your
spotlight. Friends look to you for
romantic advice. Stay out of it!
SAGITTARIUS Nov 23/Dec 21
People are free to do what they want,
Sagittarius, a fact that you'll find
most annoying this week. Instead of
getting angry, use your energy to
find a way to accomplish your goal.
A special someone has a gift for you...
CAPRICORN Dec 22/Jan 20
Aren't you tired of going to the
same place.all the time? Go
someplace new, where you can4
be yourself without worrying
'what otherskvill say.
-.. .".* "'t"^ - ..- a


-IL-


UVOL


-I


w --


- ,..


1








PAGE 8B. FRIDAY, JANUARY 4, 2008


THE TRIBUNE


Landmark

Communications

explores sale of

media holdings
* NORFOLK, Va.
Associated Press
THE FAMILY that owns
Norfolk, Va.-based Land-
mark Communications is
exploring a sale of the com-
pany's businesses, including
The Weather Channel and
nine daily newspapers.
Frank Batten Jr., Land-
mark's chairman and CEO,
said in a statement Thursday
that the privately held com-
pany has retained JPMorgan
and Lehman Brothers to
help it look into possible sale
scenarios.
"At this early stage, we
cannot speculate on where
this process will lead," said
Batten, whose father helped
build the company after tak-
ing over as publisher of the
local newspaper in 1954.
Landmark's vice chair-
man, Richard F. Barry III,
said Batten would have no
further comment, except to
the Norfolk-based Virginian-
Pilot, Landmark's flagship
newspaper.
In an interview, Barry
declined to say why a sale
was being considered.
"This will all come out as
this thing unfolds," Barry
told The Associated Press.
"This is Day One of a multi-
month process."
Barry said he did not
know how much Landmark
could make by selling its
largest asset, The Weather
Channel.
The New York Times
reported Thursday that The
Weather Channel could
fetch more than $5 billion
and is attracting interest
from several parties, includ-
ing General Electric Co.'s
NBC Universal, News Corp.
and the cable TV company
Comcast Corp. The Times
cited unidentified people
briefed on the matter.
Several other media com-
panies have also been sold
recently, including Wall
Street Journal publisher
Dow Jones & Co., which was
bought by Rupert Mur-
doch's News Corp. for $5 bil-
lion. Real estate magnate
Sam Zell recently took con-
trol of the newly private Tri-
bune Co., which owns nine
daily newspapers, including
the Los Angeles Times and
the Chicago Tribune, and 23
television stations.
The Weather Channel's
Web site, Weather.com, had
more than 32 million unique
users in November and
ranks as the nation's 18th-
largest media site by traffic,
according to
Nielsen/NetRatings.
Debora J. Wilson, The
Weather Channel's chief
executive, told The New
York Times in June: "Every
media conglomeration has
approached Landmark, and
there's never been a yes. We
actually think that we're
stronger being indepen-
dent."
The company, which had
$1.75 billion in sales in 2006,
employs about 12,000,
according to Hoover's, a
business reference service. It
is parent to nine daily
papers, including The
Roanoke Times in Virginia
and The News & Record of
Greensboro, N.C., and more
than 100 nondaily newspa-
pers and specialty publica-
tions.
"While I am saddened
about this development, I
understand and agree with
the business reasons for
exploring these options,"
Bruce Bradley, publisher of
The Pilot and a Landmark
employee for 34 years, told
The Virginian-Pilot.
Bradley's secretary said
Thursday that he would have
no additional comment.
In addition to The Weath-
er Channel and its Web site,
Landmark owns television
stations in Las Vegas and
Nashville, Tenn., and Nor-
folk-based Dominion Enter-
prises, a national chain of
classified-ad publications.


Audit warned about investment





risk; local govts still nervous


* TALLAHASSEE, Fla.
Associated Press

AN INTERNAL audit
warned last year that the state
board that invests local gov-
ernment money should have
a special committee to review
overall risk in the agency's
investments, and that it was
relying on too few brokerages
when buying securities.
The State Board of Admin-
istration audit was completed
in March, several months
before cities and counties
began frantically withdrawing
billions of dollars from the
Local Government Investment
Pool with fears of losses in
risky nmolti.itgec-backed secu-
rities held by the fund.
The pool that works like a
money market account was
closed in November to stop
the run. When it was reopened
in December some assets in
the account were walled off,
limiting the access local gov-
ernments have to their money.
Pool investors at a meeting
in Tallahassee complained
they remain unfairly hand-
cuffed unable to get full
access to their money when
they stuck by the pool by not
withdrawing their cash during


the run.
Among those who are angry
is a group of local govern-
ments in Hillsborough County,
who charged that a fee
requirement for investors to
get access to all the money in
their accounts isn't legal and
shouldn't continue.

Trustees

Pat Frank, the county's clerk
of court, sent a letter to the
board's trustees Thursday say-
ing that the 2 percent fee for
local governments wishing to
withdraw more than 15 per-
cent of their money "smacks of
injustice," because govern-
ments that withdrew their
money from the fund can now
get back in to it and not be
subject to such fees.
Investors heard from SBA
officials that they expect to
reduce restrictions on access
to money in the pool in the
next few months, raising the
15 percent threshold to more
than 20 percent early this year.
Still, several governments
have continued to lack confi-
dence in the state board.
At the meeting, Lee County
Schools Superintendent James
Browder urged the SBA to


move quickly in making the
fund more liquid.
"I have people in my school
district who are starting to ask
the question, 'Jim, What did
you do with our money?"'
Some local officials contin-
ued to complain about a lack
of information from the SBA
on what was going on with the
fund. One local official told
SBA interim director Bob Mil-
ligan that he got more infor-
mation about the fund from a
ratings agency than from the
SBA.
Milligan said that was one
of his top concerns and
acknowledged that failure to
keep local governments
informed was part of what led
to the run in the first place.
"I think the SBA failed to
do as effective a job as they
might have done communicat-
ing," Milligan said.
While the pool is overseen
by the State Board of Admin-
istration, its day-to-day invest-
ment management has been
contracted out to a private
firm, BlackRock Inc.
In the audit, internal audi-
tors had also warned that the
agency needed a policy to
review and approve invest-
ments in "new products."


Analysts have criticized over-
investment in certain mort-
gage-backed securities as over-
ly complicated securities that
investors haven't always
understood.
The SBA responded to the
audit that it generally agreed
and had already undertaken
an effort to create more over-
sight of its overall risk.
The agency noted that in
2005 it created a risk manage-
ment unit dedicated to moni-
toring, measuring and evalu-
ating risks across the SBA,
which manages and invests
more than $180 billion in
assets, including the $9.8 bil-
lion dollar local government
pool.
The audit criticized a "heavy
concentration of trading busi-
ness with few brokers."

Brokers

The SBA's auditors noted
that in 2003 and the first half of
2004,77 percent of trades were
done through one of only five
brokers. The auditors were
particularly concerned that 20
percent of short-term trades
were done with Bank of
America Corp. and more than
25 percent of the long-


term trading business was giv-
en to Barclays Bank PLC in
2003.
The audit noted that
Lehman Brothers Holdings
Inc. was one of the five bro-
kers that garnered 77 percent
of the SBA's business in the
period. Lehman later sold the
SBA nearly half the $2.75 bil-
lion in securities that were
downgraded or defaulted that
led to problems with the local
government pool.
Former Gov. Jeb Bush was
hired as a consultant to
Lehman Brothers in June, but
the brokerage has said his role
with the firm had nothing to
do with the sales of the securi-
ties in question.
SBA's management agreed
to limit trading to a maximum
of 30 percent for any one deal-
er, but noted that only a few
dealers are willing to commit
the capital to make such large
transactions.
"We will, by default, have
concentrated trading vol-
umes," management said in its
response.
"To arbitrarily set limits on
trading would prevent us from
getting best execution and
impair our ability to properly
manage our portfolios."


Stocks gain after readings


*


on jobs, factory orders

NEW YORK
Associated Press
B^^Bi^ -f'iH r '\ (H J^ ^.ji^ ^ I ^


WALL STREET rebounded Thurs.
day after a report of an increase in new
jobs during December eased some con-
cerns about the economy a day before
the Labor Department's key reading on
employ\ in nl. Investors appeared
unfazed by a further climb in oil prices,
which set a new trading record above
$100.
Investors, who sent stocks skidding
Wednesday amid economic concerns
and rising oil prices, took some solace
from the findings of payroll company
Automatic Data Processing that showed
the economy'added 40,000 private sector
jobs last month, above the 30,000 fore-
cast of economists polled by Dow Jones
Newswires.
Part of investors' relief about the
economy Thursday came from a drop
in the number of newly laid off workers
who sought unemployment benefits last
week. The Labor Department report
was upbeat, but investors were also
mindful that these weekly readings can
be volatile, and the latest reflected
unusual factors related to the Christ-
mas holiday.
Wall Street has for weeks been hold-
ing out for Friday's December jobs
report. The Labor Department report
should help indicate, whether the solid
job market that existed last year can
continue into 2008 and help sustain con-
sumer spending.
Oil set a fresh record of $100.09 a bar-
rel on'the New York Mercantile
Exchange after government figures
showed a larger-than-expected decline in
crude oil inventories.
Although there appeared to be little
reaction to oil's advance on Wall Street,
analysts said more expensive oil is stir-
ring some concerns about rising prices in
general and whether the Federal
Reserve would still have room to lower
interest rates.
"We are worried about inflation," said
Nicholas Raich, director of equity
research at National City Private Client
Group in Cleveland. "That's probably
the biggest risk in 21i 1 ""
In early afternoon Il..iline the Dow
rose 59.83, or 0.46 percent, to 13,103.71).
Broader stock indicators also rose.
The Standard & Poor's 500 index


TRADERS PAULA ODAY, left, and Julie Anne Vacchiano get together on the floor of the New York Stock Exchange, Thursday, Jan. 3,
2008. Stocks rose moderately Thursday after a report of an increase in new jobs during December eased some concerns about the
economy a day before the Labor Department's key reading on employment.


advanced 4.72, or 0.33 percent, to
1.451.88. and the Nasdaq composite
index rose 2.90. or 0.11 percent, to
2,612.53.
Light, sweet crude, easing back from
its record with the normal ebb and flow
of trading, was down 41 cents at $99.21
a barrel on the Nymex.
Bond prices fell as stocks gained. The
yield on the benchmark 10-year Trea-
sury note, which trades opposite its
price, rose to 3.94 percent from 3.89 per-
cent late Wednesday. The dollar was
mixed against other major currencies,
while gold prices rose.
The market was waiting for Friday's
jobs report because of the link between
employment and consumer spending. A
slowdown in spending among consumers
fearful of losing their jobs. or not being
able to find new ones, would be regard-
ed as a heavy blow to the economy. The
continuing rise in commodities prices,
including a likely uptick in gasoline
prices following spikes in oil, makes
some investors nervous about the abili-
ty of consumers to keep spending apace.


Stocks drew some support from a
Commerce Department report that
orders to U.S. factories rose in Novem-
ber by the largest amount in four
months. However, an important reading
of business investment fell for a second
straight month.
Concerns about the health of the
overall economy weighed on stocks
Wednesday and sent each of the major
indexes down by more than 1 percent.
The Dow Jones industrials lost more
than 220 points.
In corporate news on Thursday, State
Street Corp. rose $5.44, or 7 percent, to
$84.32 after saying William W. Hunt
resigned as president and chief executive
of State Street Global Advisors. The
move comes as the provider of mutual
fund and pension-processing services
prepares to book a $279 million fourth-
quarter charge related to expected law-
suits over the weak performance of cer-
tain fixed-income strategies managed
by the investment division.
Monsanto Co. rose $8.54, or 7.7 per-
cent, to $120.01 after saying its first-


quarter profit nearly tripled amid a
strong performance by its Latin Ameri-
can business. The seed company raised
its earnings forecast for the year.
Ford Motor Co. slipped 12 cents to
$6.48 after saying that India's Tata
Motors Ltd. was the top bidder for its
Jaguar and Land Rover units. Ford said
it has begun negotiations with Tata
aimed at hammering out a sale agree-
ment for the British car brands.
The company said separately that its
December U.S. sales fell amid
lower demand for both cars and light
trucks.
Advancing issues outnumbered
decliners by about 3 to 2 on the New
York Stock Exchange, where volume
came to 692.8 million shares.
The Russell 2000 index of smaller
companies fell 2.68. or 0.36 percent, to
750.87.
In trading abroad. Britain's FTSE 1Q(
closed up 0.98 percent, Germany's DAX
index fell 0.51 percent. and France's
CAC-40 slipped 0.OS percent. Markets in
Japan were closed for a bank holiday.


--- -4C__. ~ ~ *IC ~--- -L~-


____ _-I


I


I BUSINESS