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The Tribune
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Permanent Link: http://ufdc.ufl.edu/UF00084249/01149
 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: October 20, 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
System ID: UF00084249:01149

Full Text






FRU[&NUTr
McFLIJRY r'm win',It

HIGH 83F
LOW 70F

S PARTY SUNNY
. AND BREEZY


The


Tribune


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


BAHAMAS EDITION


Volume: 104 No.275 MONDAY, OCTOBER 20, 2008 'PRICE- 750
-- ~









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anis


Gentleman's club

owner beaten

and threatened


with death


stabbed


Fitnessinstructor is

fifth male homosexual

murdered in 12 months


A PART-TIME fitness instruc-
tor yesterday became the fifth gay
man to be murdered in New
Providence within a 12-month
period.

Shooting victim
was let go by
the police force
THE man who was shot
dead in a hail of bullets on
Friday evening was a former
police officer who was let go
from the force a few years
ago, Asst Supt Walter Evans
said yesterday.
Romel Dames was found
shot to death in the driver's
seat of his green Lexus jeep
at his Garden Hills home
after 5pm on Friday.
A child who was sitting in
the back seat of the jeep at
the time was miraculously
SEE page 10


The man was found yesterday
morning stabbed to death in a
white Honda Civic, which was
parked near South Beach Pools.
Members of the gay communi-
ty claimed yesterday that the vic-
tim is former dancer Paul Whylly,
45, of Skyline Drive.
He is the country's 63rd homi-
cide for the year so far.
President of the Bahamas
Bodybuilding and Fitness Feder-
ation Danny Sumner told The
Tribune that he had kno 'n Mr
Whylly for many years and that
he was shocked to hear of his
death.
He described the deceased as a
very "likeable" person.
A source at Mystical Gym said
. that Mr Whylly worked for their
establishment on a part-time basis
in addition to liaising with the
Ministry of Sports, Youth and
Culture.
"He was a good guy, always
spoke his mind," he said.
Mr Whylly, the source said,
SEE page 10


AN OWNER of a recently
opened "upscale, private gentle-
man's club" was beaten in his
Coral Harbour home last week
and threatened with death if he
did not leave the Bahamas. His
girlfriend was raped and a second
woman in the home was assaulted,
given her passport and also told
to leave.
Eyal "Al" tulinan American.
who recently re-opened an East
Bay Street club under the new
name, "Illusions", was asleep in


his bedroom at his Ranfurly Drive,
Coral Harbour home around 2am
Tuesday, October 14, when the
dogs in the house started to bark,
frantically moving from window to
window. Mr Dulin's girlfriend was
in the bedroom with him. Another
woman, who lived in the house
with them, was downstairs watch-
ing television.
--.. Suddenly t%%o masked moaLone
with a shotgun, the other'with a
SEE page nine


PM presents Bahamas Olympic
medallists with grant incentives
PRIME Minister Hubert Ingraham congratulated
and honoured the Bahamian Olympic team over
the weekend and presented the major award medal-
list with grant incentives totalling $115,000.
The silver medallists in the men's-4 x 400 metres
relay team, Michael Mathieu, Andrae Williams,
Avard Moncur, Andretti Bain, Ramon Miller and
Chris Brown will each receive an award of $15,000,
for a total sum of $90,000.
Leevan Sands, bronze medallist in the triple jump,
will also receive an award of $15,000.
Applauding the men and women who represented the Bahamas dur-
SEE page nine

Scandal prompts Christie
warning for PLP members
a, U By PAUL G important that I should
a TURNQUEST give you the best illus-
- Tribune Staff traction I can. Pindling
( Reporter has come the architect
7 pturnquest@ of the modem Bahamas
"' tribunemedia.net and he has gone to his
eternal reward. Perry
FORMER Prime Min- Christie is now, but you
' ister Perry Christie issued know and I know that
aL. speciatwanngllt ho r


^y. I
'A. -. I- A


Let the fun begin.
CARNIVAL LIBERTY CARNIVAL SPIRIT




....393-6900


THE BAHAMAS NATIONAL TRUST and volunteers came together on
Saturday to clean up Bonefish Pond on Cowpen Road.

ES. *announcesII
0 00 0 ^0


DUE to the downturn in
the Bahamian economy and
the resulting expenses that
delegates would have to be
placed under to attend, the
Progressive Liberal Party
announced yesterday that it
will not hold its National Con-
vention this year.
In a press statement, PLP
chairman Glenys Hanna-Mar-


tin said the decision to post-
pone the convention was
made in consideration of the
likely economic burden that
would be placed on its dele-
gates nationwide.
"The Progressive Liberal
Party in the meantime is
preparing the way for its re-
SEE page 10


a special warning to tmPL ,
members in light of a
growing scandal regarding one of
his MPs, stating that the integrity
of the party "as an institution" is
greater than any one individual
member.
"You know that that is so


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-.- dd i~l'l '.inl/ t P.T"n ',fn a.'. ,.'! ,,!-- '*1 ,' ,/ i i!,|]i.. ;'."*^ ., .,. .. If B .^,, ._,.,,,, .'11 ,' ^' i'' . ',,'.

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. ... .
.'00. .g 'I h.r, .. .. 1, od X?-.,


so meone win e nere
and Christie will be
gone. The PLP is built on foun-
dations that will last longer than
the frailties of anybody who are
members of our party," he said.
SEE page 10
BAHAMAS INTERNATIONAL
FiLM FESTIVAL TO HONOUR
LAURENCE FISHBURNE
ESTEEMED actor and Academy
Award nominee Laurence Fishburne
vill be honoured with the prestigious
Career Achievement Award at this
ear's Bahamas International Film fes-
ival, taking place from December 4
o December 11 in Nassau.
SEE PAGE FIVE


*1 *'" i "* ; ... "- '"
17,:,. :-A I'..........








PAGE 2, MONDAY, OCTOBER 20, 2008


THE TRIBUNE


Shipyard TB alert: one case confirmed, 14


workers show signs of previous infection


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cials from New Providence were
in Grand Bahama on Seturday to.
assess the situation and address
concerns of a possible TB out-
break at the facility.
"One case has been confirmed
and is being treated," Dr Minnis
told a press conference at Rand
Memorial Hospital.
Chief Medical Officer Dahl-
Regis, shipyard CEO Carl-Gustaf
Rotkirch, Mervin Wright, presi-
dent of the Grand Bahama Port
Authority Workers Union and
union vice-president Dave Barr
were also present.
Dr Minnis revealed that the
single TB case involves a foreign
worker. However, he stated that
follow-up TB screenings are being
conducted at the shipyard for all
of the 900-plus workers.
He announced that shipyard
officials have agreed to now allow
foreigners coming to work at the
shipyard to undergo health
screenings conducted by Grand
Bahama Health Services.
"I am happy to announce that
they have agreed that once work-
ers are coming into the country,
they have agreed to allow us to do
necessary health screening and at
the same time we can detect any


i eII


* BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Although med-
ical evidence shows that 14 Grand
Bahama shipyard workers pre-
sent signs of previous tuberculosis
infection, only one single active
case has been confirmed to date,
it was confirmed over the week-
end.
Health Minister Dr Hubert
Minnis and a team of health offi-


"The Ministry
of Health
wishes to
advise the
public there is
no evidence of
new TB cases."

individual who may have escaped
the health care system from their
environment," he said.
There are currently 635 expa-
triates and 270 Bahamians
employed at the shipyard. About
467 workers had been'screened
by health officials on Saturday.
The minister reported that
none of the Bahamians screened
up to that point had beei infected
with tuberculosis. ;
"The Ministry of Health Wish-
es to advise the public that to date
there is no evidence of new TB
cases. However, should new cas-
es be identified through the'
screening exercise measures will
be taken to treat the individual
immediately," he said.
The minister noted that there
was a misunderstanding and con-
fusion concerning 14 workers who
were among the initial screening
of some 152 workers, who may
have been in contact with the par-
ticular TB case.
He.explajned that 90 individu-
als in that grouiFwnef-teferred
for additional X-ray screening;
which showed evidence of cavities
in the lungs of the 14 workers.
"The X-rays showed evidence
of TB, but revision of those X-
rays by specialists revealed that
those can possibly be old infec-
tions because there was no pre-
screening before, so they came in
with old infections.
"There is a misunderstanding
that there were 14 additional cas-
es. Yes, those 14 show evidence
but those could have possibly
been old infections we are seeing
on the X-rays," the minister
pointed out.
Dr Minnis said that TB is not
an illness that can-he contracted
by just being in room 'nith an
infected person.
He stated that persons at risk
are those in "prolonged constant


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contact" with the infected indi-
vidual at the home or work envi-
ronment.
"All workers at the shipyard
will be screened because obvi-
ously the (infected) individual
works there and there is a possi-
bility of prolonged exposure, and
so, therefore, those workers
would be the ones screened first.
"If in the event we found active
TB within any group of the work-
ers, then it meant that whole envi-
ronment from that particular
worker has to be screened
because his or.her home environ- -
ment would have undergone pro-
longed exposure," he explained.
Dave Barr, GBPAWU execu-
tive, had informed the media the
union had made several inquiries "
about health screenings for expa-
triates. He claims that they were
informed b\ management that all
'foreign workers undergo rigor-
ous health screening before they
are employed at the shipyard.
The health minister said the
Bahamas had an excellent immu-
'nisation record compared to some 5
other countries.
Dr Minnis stated that individ-
uals travelling to the Bahamas (to .
work) ordinarily "flI travel with a
health certificate from their vari-
ous countries.
"Doctors respect certification
from wherever they come from in
occasionally. or do find an indi-
vidual who might escape from the
system: And because this one
*escaped through the system.. .we
just want to ensure that this does
not happen again."
He said the screening of expa-
triates.will allow detection of ill- '"
nesses among foreign workers.
"I would like to commend the
shipyard for allowing this process.
We are moving in a new direc-
tion in terms of health care for ,
the Bahamas. This is an excellent
thing that we were allowed to
do...because the (infected) indi-
vidual ma) come from some areas
that have poor immunisation
records and therefore there is a
possibility they can introduce an
illness, and therefore we can
detect and deal with it appropri-
ately," he said.
Dr Minnis said any person who
has had a cough for a long time,
usually more than three weeks
without any other explanation,
should seek medical attention.
He also-ad ises persons to cover *q4
their month and nose when
sneezing or coughing.


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THE TRIBUNE


MONDAY, OCTOBER 20, 2008, PAGE 3


LOCALES


PLP chairman hits out at


government over crime
THE Bahamas government either does not take the issue
of crime seriously, or it does not have a strategy in placejto
address it, PLP chairman Glenys Hanna-Martin said yes-
terday.
Taking issue with recent comments by Minister of Nation-
al Security, Tommy Turnquest, Mrs Hanna-Martin said that
Mr Turnquest has given "no comfort" to the Bahamian peo-
ple who are looking to the government for answers in light of
the escalating murder rate.
"We are seeing today a high, unmitigated and sustained
rate of murder, now numbering 63 people. Many of these inci-
* dents have occurred in broad daylight in public places. The.
minister when questioned is reported to have said that he was
'concerned' about the number of persons on bail for murder
and that he would be speaking further with the Attorney
General (Michael Barnett) on this matter.
"The minister's comments are embarrassing, disappointing
and surprising. Certainly he should have had that conversa-
tion with the attorney general by now, particularly as they are
cabinet colleagues in the same government and sit around the
one table and no doubt should be aware of the increased
bloodshed in this country, many incidents of which are said
to be committed by accused persons awaiting trial released on
bail.
"We should remind the Minister of National Security that
he is in his second year as minister in this important portfo-
lio. We also remind him that the issue of crime and public
safety is a matter of high importance to the Bahamian peo-
ple," she said.
It is with this in mind that Mrs Hanna-Martin encouraged
the various other ministers.to "get on the same page" on this
"serious matter" and to give to this "terrible phenomenon the
priority, resources and attention it requires, to bring con-
trol."



. In brief or Eleg


Arrests as police

hold 'Operation

Soulthern Breeze
OFFICERS from the
Southern Division conducted
a special operation entitled
'Operation Southern
Breeze' on Friday evening.
The aim was to eradicate
crime in the community.
As a result, seven people *
were taken into custody in Ta
connection with possession
of dangerous drugs, five for B[nC
outstanding arrest warrants, Umbrellas
and five for traffic infrac'- LOUngerS
Exuma police also con- Drinks Trolleys
ducted a similar exercise, .Coffee Tables
called 'Operation Night d Tables
Life', on Friday night. Ilons
The Exuma officers appre- on
ended two persons for out-
standing arrest warrants,
took two people into custody
for possession of dangerous
drugs, and cited five persons
for traffic violations.
A nightclub was ordered to
close for operating without a
valid licence.
A Chippingham resident
yesterday chased down a
man who was in the process
of stealing his vehicle from
the front of his home.
Shortly after 3am, the.own-
er of a white Nissan Sentra
was asleep when a man
broke into his vehicle,
parked outside his house.
The suspect was seen dri-
ving off with it. The owner
was assisted by another per- ..
son in following the stolen -
vehicle, which was found a
short distance away. The cul- a
prit was seen running from
the arena.
A police patrol unit was
given a description of the cul- 1 ~ .,
prit, who was found in the l".
Eden Street area where he
was arrested. The suspect is a "
23-year-old Quarry Mission
Road resident. &


Hanna-Martin calls for





economy 'action plan'


m.By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
PLP chairman Glenys Hanna
Martin called on the government
to commission an assessment of
the Bahamian economy on which
an "action plan" can be devel-
oped which will assist in cushion-
ing the Bahamas from the nega-
tive effects of the ever-worsen-
ing global environment.
Noting how other countries
have developed "careful and
comprehensive policies" to pro-
tect the interests of its citizens,
Mrs Hanna-Martin said that in
the Bahamas "no such activity"
appears to be happening.
"Apart from two or three
apparently ad hoc responses to
the creeping crisis, such as the
recent Bahamas Electricity Cor-
poration (BEC) intervention and
increased social service assistance,
there is no evidence this govern-
ment has apprised itself fully as to
the implications and possible
impact of these world events and
the downturn in our economy.
"It is unsettling, for example,
that the prime minister, fresh
from his trip to Washington,
would on his return make an
announcement of assistance for
defaulting mortgagors without
apparently up to that time either
himself or through his ministers
or agents having one conversa-
tion with the banking industry in
the Bahamas," she said.
Mrs Hanna-Martin also point-
ed out that hundreds of Bahami-
ans are joining the unemployment
lines because of lay-offs through-
out the country while others who
are fortunate enough to hold their
jobs are forced to work reduced
work weeks.
"With almost, every person in
this country experiencing a level
of apprehension and uncertainty
about the impact these events will
have on their lives the govern-
ment has no. yet communicated'
to its citizens what our expecta-


"Apart from two
or three apparently
ad hoc responses to
the creeping crisis,
such as the recent
Bahamas Electricity
Corporation (BEC)
intervention and
Increased social
service assistance,
there is no evidence
this government
has apprised itself
fully as to the
implications and
possible impact of
these world events
and the downturn
in our economy

tions should be over the short,
medium and long term in the
Bahamas and further what adjust-
ments we should be making in
anticipation of these projections.
"What is the National Eco-
nomic Plan to ensure we weather
this economic onslaught? I cau-
tion the government, however,
thatin its responses utilising pub-
lic funds that it ensures that it
provides a buffer for the most
vulnerable and not subsidise
those who are better able to
weather these difficult times.
"May I now suggest to the gov-
ernment that it make an analysis
of what is happening in our econ-
omy within the context of world
events, engage in consultation
with all stakeholders, and develop
an action plan while ensuring that
every step of the way the Bahami-
an public is fully and frankly
informed on all matters affecting
their well-being," she said.


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PAGE 4, MONDAY, OCTOBER 20, 2008


THE TRIBUNE .


EDTO IA iRiOiHEEITOR


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

LEON E. H. DUPUCH, Publisher/Editor1903-1914


SIR ETIENNE DUPUCH, Ki
(h


O.B.E., K.M., K.C.S.G.,
t.) 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 Mon ay 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
Circulation Department (242) 502-2387
Nassau Fax: (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348


Capitalism found wanting


IN OUR lifetime we have seen the col-
lapse of two economic theories taken to
extreme Communism, followed by Capi-
talism. One over regulated, the other under
regulated.
They imploded because they failed to ful-
ly understand the nature of Man.
Each philosophy.was design for an ide-
alised Man who existed only in the imagina-
tion of a handful of socio-political theorists. In
the end Man's true nature broke through
and destroyed both extremes.
Communism was a socio-economic struc-
ture that promoted an egalitarian, classless -
eventually aiming for a stateless society
based on the common ownership of proper-
ty and the means of production.
Under it man- the proletariat was an.
instrument of the state, so beaten down that
he lost all individuality, all initiative, all cre-
ativity. Workers were told they had nothing
to lose but their chains.
The state controlled and provided for them
from the cradle to the grave. They did not
have to think for themselves, they did not
have to compete for top positions. It was a sin
if one family achieved through hard work,
more than another in other words, reward
qjlq.kasremoved. Under this system
r. Oy vived. long as he slavishly followed
the p erty line.
He was beaten down into a vegetative state.
Eventually a rebelling human spirit rose up
and said: "No more!"
Almost overnight Communist satellite
nations broke their chains, threw off their
yoke and abandoned Communism. In 1991,
the Soviet Union dissolved.
Communism had reckoned without man's
human spirit a spirit that it had tried to
beat into ploughshares. A spirit it had tried to
suffocate.
The capitalism that it had come to destroy
continued to flourish. Capitalism went on its
giddy way from strength' to strength, many
people becoming obscenely wealthy, others
with lifestyles they couldn't afford, tempted.
by the plastic card that encouraged spending
beyond their pocketbooks. Wall Street knew
no limits.
Man's creativity for unrestricted deals grew
so complex that even he did not fully grasp
what was happening until it was too late. A
new way of thinking, of risk taking, of clever
monetary creativity was unfolding. It was
smart if you could pull it off. Many of them


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did. Everyone felt secure as long as retired
Federal Reserve chief Alan Greenspan was in
charge.
Now with all the finger-pointing and look-
ing for a scapegoat, even he is being blamed
for cutting interest rates to one per cent in
2003, allowing easy money to'continue to
flow.
And, of course, as long as easy money
flowed, irresponsible people continued to
spend, and bankers and brokers got richer.
Few saw that the day of reckoning was at
hand.
Here was a system reeling out of control
and threatening to bring global capitalism
down with it.
Much against its better judgement the US
government had to make a decision. As a
commentator remarked it was the wrong
decision, made at the right time.
In the end the US Congress was forced to
pass a revised $700 billion bailout package to
salvage the country's banks and save the
country's economy from imploding.
The unheard of had happened. Free mar-
ket America was forced to partially nation-
alise its banks.
As Stephen Roach, chairman of. Morgan
Stanley Asia, said: "Finance has. simply
moved too far from its-moorings.in the real
ec mnomy."
Martin Wolf of the Financial Times
b] aimed the collapse on a lack of proper rules,
re ,,ulations or supervision. As he pointed out
si .-regulation is meaningless, conflict of
ii 'rest, is rife.
without proper regulations, rules of the
j, gle take over.
One only has to study nature to see how
order breeds harmony. A river flows calmly,
banks on either side regulating its flow. But'
should the river swell and overflow those
bk'nks, destruction follows. Life mirrors
nature. Man's venality cannot be allowed to
c' ntinue unchecked. He needs banks on
e, tler side.
Ve have seen the destruction of Man's
si At when over regulated, but we have also
seen his ruthless side greed, self interest,
risk takers when under regulated.
The way forward now is to find a workable
path between two discredited extremes. No
one wants government in the banking sys-
tem or any other system for that matter -
but regulations and supervision there must be,
ar J they must be enforced..


The Bahamas



Hotel Association's



Endorsement policy


EDITOR, The Tribune.
In 1991 Mr John Deleveaux,
then the Executive Vice Presi-
dent of the BHA, in a letter to
all Hotel Members announced
the "endorsement of Products
and Services" policy of the BHA.
This policy would apply to all
products and services supplied to
the Hotel Industry by individual
firms. This would include taxis,
tour companies, printers, news-
papers, book publishers, and food
suppliers, just to name a few.
In other words, the BHA
would collect a "fee" from all
companies supplying the hotels
with goods and services. This fee
would be negotiated by the BHA
with individual suppliers. The
"fee" would mean an exclusive
right to do business with the
industry. The fee, I assume, would
depend on a bidding process.
Whoever won the bid would be
given the exclusive right to deal in
the industry. All others would
either close their doors or change
their product.
I was a Member of Parliament
then and called it, not a fee, but a
kickback to do business in an
industry that the Bahamian peo-
ple are an integral part of. Ninety-
five per cent of Bahamians either
work for the industry or work for
somebody who does. What right
does the BHA have to restrict
Bahamians access to their indus-
try? I said then that this was not
"endorsement", but "extortion".
The BHA wanted a "piece" of
something they did nothing for.
It reminded me, I told the Par-
liament, of the days of Al
Capone, who collected "protec-
tion" money from local business.
Either you paid the fee or you
did no business.
The proposal was dropped,
and we were told that it had been
'somebody's "bad dream" and
would never raise its ugly head
again.
This was in 1991. I was, there-
.fore, shocked when I was shown a
-copy of an e mail sent to Dupuch
Publications on August 26, 2008
by Mr. Peter Webster, General
Manager of the British Colonial


Hotel, run by the world famous,
and reputable Hilton Group of
Hotels. The e-mail said in part: "
... Currently you produce an in-
room book which all major hotels
place in their bedrooms at no cost
to the hotels. You also produce a
similar book for Grand Bahama."
Mr Peter Webster in his e-mail
went on to say: ... we intend to
produce an exclusive in-room
book that all hotels would place
in their bedrooms. Whoever pro-
duces the book would pay the
BHA a percentage of the revenue
they receive. In return, the BHA
will endorse this book. No other
books would be placed in the
bedrooms."
If Dupuch Publications, having
served the Tourist Industry for
almost 50 years, does not wish to
pay them an "endorsement" fee
then other publishers will be
asked to bid. Mr. Webster gave
them fourteen days in which to
reply. In other words, "pay up, or
else".
I could not believe what I was
reading. Somebody either had
made a mistake, or Mr. Webster,
a recent import into the Bahamas,
did not know the background of
the endorsement policy. I, there-
fore, wrote, Frank Comito, Exec-
utive Director of the Hotel Asso-
ciation.
I pointed out that, in my opin-
ion, this was purely extortion and
that extortion was illegal. I also
reminded him of Al Capone and
the roaring twenties when you
either "paid up' or were put out
of business.
I further suggested to him that
if the BHA was in need of mon-
ey, it should open a collection
agency, sign up the government,
and collect the millions of dollars
in back taxes owed by the various
hotels to the Bahamas Govern- ,,
ment: A fee for that job, done
well, would be enormous.
Although I asked Mr. Comito
to respond, he did not have the


courtesy to do so. Instead he has
made a public statement, and sent
his side of the story to all mem-
bers of the BHA and put his side
of the story oil the BHA's web
site.
In his statement Mr Comito
says that the BHA only wants a
"small fee" from Dupuch Publi-
cations. What's a "small fee," Mr
Comito? Is it not just to establish
a precedent and once set the fee
could be anything, charged to
anybody doing business with
hotels, including tour services,
taxis, etc? Do you really think the
Bahamian people are fools?
He also says that the BHA
would use the fee for "scholar-
ships".
How commendable a carrot
and then a slap. I, and I would
assume Dupuch Publications,
would like to give more scholar-
ships than we already give.
Should we now go to Mr.
Comito to collect a "fee" to sat-
isfy our own wish to give more
scholarships? It's pretty easy to
spend other people's money!
I know that Bahamians, to a
large extent, will let "free 'tings
kill 'em". But show some respect
for our people's intelligence, Mr
Comito and Mr Webster, and
don't push your luck too far.
Please understand, this is not a
threat; I am simply 'telling you
not to underestimate the intelli-
gence of the Bahamian people!,
The BHA, I understand, has
said that they will not expand
their policy beyond Dupuch Pub-
lications. I heard a similar story in
1991.
Some say that "endorsement"
ismnot extortion or a kick back. I,
therefore, went to the Dictionary
for the description of "extortion".'.
Here it is: "In extortion the victim
is threatened to hand over goods
(in this case money) or else dam-
age to their reputation or other
harm against them may occur."
If it looks like a duck, quacks
like a duck, and walks like a duck
it must be a what?
PIERRE V.L DUPUCH
Nassau,
Oct. 15, 2008.


I believe young Moss is the 'man' for the job


EDITOR, The Tribune. i


My family and I have lived in
the St Cecelia Constituency for
all of our lives. In fact, our home-
stead is at Andros Avenue and
Quintine Alley. As a mature man
in my early fifties, I have watched
as politicians from all parties
come and canvass in St Cecelia
hoping to become the elected rep-
resentative for this historical part
of New Providence.
Some come. with numerous
promises about what he or she
would do for the area once elect-
ed.
Others come bearing large cro-
cus sacks of money and other
goodies. The rest come along with
delusional ideas and not a single
clue as to what we, the residents


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of St. Cecelia, really look for in a
representative. Traditionally, this
constituency has voted with the
Progressive Liberal Party (PLP)
since it encompassed what was
the former constituency of St
Barnabas. For the Free National
:Movement (FNM) to ever win
this seat, that party would have to
send someone who, is able to
empathise with us and someone
who 'knows' what it is to come
from humble beginnings.
The .PLP in the meantime
seems to be waging an internal
war as to who will be given the
official nod to succeed the cur-
rent representative, the Hon Cyn-
thia 'Mother' Pratt who has pub-
licly stated that she will not be
offering for re-election.
Attorney Paul David Moss has
expressed a desire to take over
from her. For the past year or so,
he has been actively canvassing
the area and has met with many
of the residents and potential vot-
ers.
He seems like he is a nice
young man who has some grand


plans for St Cecelia. His late
father, Paul Moss Sr, was the
founder and operator of several
foodstore outlets scattered
throughout the so-called Coconut
Grove. Moss Sr was also a long
time supporter of the PLP until
he threw in his lot with the
embryonic FNM.
I do believe that young Moss is
the "man" for the job. Some have
opined that Senator Pauline Zon-
icle is the "favourite" of the hier-
archy of the PLP, but the party
would be well advised not to
waste it's electoral chances by
sending a person in who has no
connections with St Cecelia. Moss
is "our man" and if the party
wants our continued support, it
must send us Moss or nothing.
Fellow residents who wish to
join me in The Small Business
Association in drafting attorney.
Paul Moss may contact me at my
residence.
GODFREY COLLIE
Nassau,
October 10, 2008.


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THE TRIBUNE


MONDAY, OCTOBER 20, 2008, PAGE 5


Laurence Fishburne to receive career achievement award


THE Bahamas International
Film Festival (BIFF) announced
that esteemed actor and Acad-
emy Award nominee Laurence
Fishburne will be honoured
with the prestigious Career
Achievement Award at this
year's festival, taking place from
December 4 to December 11 in
Nassau.
The announcement was made
by BIFF founder and executive
director Leslie Vanderpool.
Mr Fishburne will be on hand
for the special tribute and pre-
sentation on Sunday, Decem-
ber 7. Academy Award winner
Sir Sean Connery will again be-
lending his full support at BIFF,
attending as festival patron and
presenting Laurence Fishburne
with the Career Achievement,
Award.
Sponsored by Lombard Odi-
er Darier Hentsch Private Bank
and Trust and Chopard, the
Career Achievement tribute
honours an actor or actress
whose work has had a major
impact and has advanced the
frontiers of cinematic artistry
around the world.
Past recipients include Acad-
emy Award winner Nicolas
Cage and Daryl Hannah.
Ms Vanderpool said: "We are
excited and honoured to wel-
come Laurence Fishburne to
the Bahamas and pay tribute to
his remarkable career with our
special Career Achievement
Award. Mr Fishburne is one of
the great actors of our time and
is nothing less than an icon in
our community and throughout
the Caribbean."
Entering in its fifth year, the
Bahamas International Film
Festival has established itself as
a marque international festival
in the Caribbean region, dis-
covering and promoting inde-
pendent voices and talent from
around the world and showcas-
ing a diverse array of interna-
tional films.
An actor, writer, producer
and director, Mr Fishburne has
been acclaimed for his work on
stage, screen, and television.
He earned the Tony, Drama
Desk, Outer Critics Circle,'and
Theater World awards for his
performance in the Broadway
production of August Wilson's -
"Two Trains Running."
Subsequently, Mr Fishburne "
was honoured with an Emmy
Award for his performance in


Bahamas International Film Festival to honour Academy Award nominee


the "The Box" episode of
New York City-shot anthol
series Tribeca.
He has now joined the
of the television series "C
and will debut his role by 2i
Mr Fishburne received
Academy Award nominal
for Best Actor for his portr;
.of Ike Turner in "What's L
Got To Do With It," direct
by Brian Gibson.
Among his other nota
screen credits are Clint. E
wood's multi-award-winr
"Mystic River," for which
shared in the ensemble's Scr
Actors Guild Award nom
tion for Outstanding Per:
mance by a Cast in a Mot
Picture; Larry and AD
Wachowkski's blockbuster
ogy of "The Matrix", "T
Matrix Reloaded," and "
Matrix Revolutions"; E
Duke's "Hoodlum," which
Fishburne also executive-I
duced, and "Deep Cover," C
er Parker's "Othello", for wi
he was the first African-Ar
ican actor to play the title ct
acter in a major film vers
Ame Glimcher's "Just Cau
John Singleton's "Hig
Learning," for which he won
NAACP Image Award for
Actor, and Boyz N The Hoc
Steven Zillman's "Searching
Bobby Fisher"; Martin She.
"Cadence"; Abel Ferrai
"King of New York"; Fra
Ford Coppola's "The Cot
Club"' and "Rumble Fish'
well as the classic "Apocaly
Now", and Joe Manduk
"Conbread, Earl and M
i


"Mr Fishburne
is one of the
great actors of
our time and is
Nothing less
than an icon in
our community
and throughout
the Caribbean."

* Leslie Vanderpool

the which marked his film debut.
logy He made his feature directo-
rial debut on "Once in the
cast Life," the independent film ver-
SI" sion for his play Riff-Raff. He
009. also wrote, produced, and
I an starred in the movie adaptation,
tion having previously starred in and
ayal directed the original theatrical
,ove production..
ct.ed The initial run of the latter; in
Los Angeles, was his first pro-
able duction under his own banner,
ast- LOA Productions, and was fol-
aing lowed by a production at New
he York's Circle Rep Theatre.
green Mr Fishburne's theatre work
ina- predates his film career, as he
for- began acting onstage at the age
tion of 10. At 14, he was cast in a
ndy production at New York's pres-
tril- tigious Negro Ensemble The-
The ater and was accepted into the
The city's famed High School of Per-
Bill forming Arts. More recently, he
Mr starred on Broadway as King
pro- Henry II in the Roundabout
)liv- Theatre Company's revival of
which "The Lion in Winter."
ner- He has starred in several fea-
har-
ion;
her
n an
Best
od;"
for
men's
ra's
ncis
tton R A ,M ,
, as MQTSTK&L
ipse
ke 's,


tures for HBO. Michael Apt-
ed's "Always Outnumbered,"
which Mr Fishburne also exec-
utive-produced from the first
screenplay by celebrated author
Walter Mosley; Robert
Markowitz' "The Tuskegee Air-


men", for which Mr Fishburne
won an NAACP Image Award
and was nominated for Emmy
and Golden Globe Awards; and
Joseph Sargent's "Miss Ever's
Boys."
The latter telefilm earned


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that illuminates a social or edu-
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awareness as it relates to men
continues to be overlooked'


"Depression
drives them
(young men) to
alcoholism,
sometimes
physical illness,
sometimes
intimacy
dysfunction, and
also with some of
them attempting
to hurt themselves
and others."

within society. "I think there is
a need for us not just to think


~IIIDE


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[I iI i' *iT~ il*


Providence Rehabilitation


* By LLOYD ALLEN
Tribune Staff Reporter
A CALL for a new approach
to the existing mental health
facilities and education across
the board is being made by local
psychiatrist Dr Nelson Clarke.
Dr Clarke said that although
World Mental Health day was
celebrated internationally on
October 10, there had been no
public acknowledgment of the
epidemic of mental illnesses
affecting many Bahamian men
and women.
He explained that while
women have a natural ability to
open up and discuss their prob-
lems, men are much more
reserved and less willing to talk
about their feelings, and thus
the issue of mental health


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about providing more facilities,
but we also have to think about
how we can effectively influ-
ence the behaviour of men so
that they see things differently
and behave differently."
He said this can come in the
form of the media assisting to
sensitise men on depression,
which is seen by most as a taboo
subject.
Added to this, Dr Clarke said
anti-depression education could
also be applied within the pub-
lic and private school systems
where children could garner
positive practices to better
equip them in maintaining men-
tal stability.
Dr David Allen, renowned
psychiatrist, recently claimed a
significant number of young
men involved in violent acts
represented a larger group who
were dealing with depression.
"(Depression) drives them to
alcoholism, sometimes physical
illness, sometimes intimacy dys-
function, and also with some of
them attempting to hurt them-
selves and others."
As Dr Allen explained, all
humans have three essential
needs which include: safety,
connection and empowerment.
"Because life is wounded, all-
of us to some extent have been
hurt in one of those areas."
Dr Allen said those who had
been hurt in the safety area
experience abandonment issues,
those hurt in the connection
area suffer from the fear of
rejection, and those who had
been hurt in the empowerment
area may suffer from humilia-
tion troubles.
He said this is essentially
shame, which can and has led
numerous men to criminal
lifestyles which in their minds
re-establish their masculinity
and worth.


LOCAL PSYCHIATRIST NELSON CLARKE SENDS OUT PLEA


'We need a new approach to mental


health facilities and education'


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.


K WA ANT IT


R TIfT E I


IB NTEEU


rIb
I-
lIE


THE TRIBUNE


PAGE 6, MONDAY, OCTOBER 20, 2008


4









TH TIBNEIVUIDAIUI UbI-~2,~~,tA.


LOCALNW


More than 36,000 extra acres of


land set aside for food production


MORE than 36,000 additional
acres of prime arable government
land have been allocated for food
production, Agriculture and
Marine Resources Minister
Lawrence Cartwright has
revealed.
The land is located in Andros,
Abaco ar.d Grand Bahama, he
told those celebrating World
Food Day last week.
"The Bahamas has made
strides over the years and contin-
ues today to combat soaring food
prices," said Mr Cartwright.
World Food Day celebrations
also honoured youngest farmer
Hernrado Colebrooke (North
Andros), youngest fisher Edward
Brown (New Providence), and
youngest agro-processor Brittany
McPhee (Grand Bahama).
"J pledge my support, that of
my ministry and indeed the gov-
ernment, to assist you to continue
the marvellous work you are
doing," Mr Cartwright told them.
"The future of food security in
the Bahamas looks very bright."
He said a "more focused atten-
tion" is being paid to the min-
istry's agricultural land lease pro-
gramme. "We want to strengthen
the policy to guarantee that recip-
ients and lessees put these
acreages under cultivation and
production in a considerably
shorter time period," said Mr
Cartwright.
The challenges of reducing high
prices and securing food are being
met through the provision of con-
tinuing education and training for
farmers, fishers and agri-business
entrepreneurs, he said.
Through a partnership between
the ministry and the University
of Florida, farmers, educators and
staff of the ministry were intro-
duced to ways of creating suc-
cessful and profitable businesses
growing plants and using green-
house technology.
In a joint venture between
Bahamas Agricultural and Indus-.
trial Corporation and the College
of the Bahamas, a course on busi-
ness empowerment, designed to
encourage and facilitate business


WORLD Food Day honorees are pictured with officials during cer-
emonies on Wednesday. From left, seated, are Henrado Cole-
brooke (North Andros), BAIC board member Sonny Russell, Brit-
tany McPhee (Grand Bahama), Agriculture and Marine Resources
Minister Lawrence Cartwright, BAIC executive chairman Edison
Key, Mrs Katie Key, BAIC general manager Benjamin Rahming,
(back row) North Andros High School agriculture teacher Rai Bud-
hu, director of marine resources Michael Brennen, director of agri-
culture Simeon Pinder, under-secretary-Philip Miller, under-secre-
tary Rena Glinton, BAIC assistant general manager Arnold Dorsett,
FAO liaison for the Bahamas Gregory Bethel, BAIC deputy general
manager Don Major and permanent secretary Creswell Sturrup.


BAIC executive chairman. Edison Key (right), Mrs Katie Key, and
BAIC board member Sonny Russell (left) congratulate youngest
agro-processor award winner Brittany McPhee of Grand Bahama.


development, is being held.
The partnering between the
Freedom Foundation and COB
by way of a $10 million donation
is going towards the creation of
the college's Small Island Sus-
tainability Programme, he said.
Under the Agricultural Manu-
facturers Act, interest-free loans
are available for farmers for the,
purchase of supplies and'duty
exemption on a wide range of
products. The Family Island
Encouragement Development


Act, he said, encourages the
establishment of economic zones
in designated Family Islands by
granting certain exemptions and
fiscal incentives. The Tariff Act
allows for customs duties to be
exempted on raw materials,
equipment and supplies for agri-
culture, floriculture, horticulture,
fisheries, forestry, cottage and
light industries. Agro-industrial
parks are being established in
Eleuthera and North Andros, Mr
Cartwright said.


Ginn supports West End clinic health walk


DENISE MCPHEE (left), execu-
tive assistant, Bahamas Devel-
opment Office, Ginn sur Mer,
makes a donatioft owardsthe
West End Community Clinic's
sixth annual Health and Well-
ness Walk. Accepting is
Yvonne Clarke (right), nursing
officer II, Public Hospitals
Authority, Grand Bahama
Health Services.


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WEST END, Grand Bahama-
The West End Community Clin-
ic held its sixth annual Health and
Wellness Walk and Ginn sur Mer
was proud to make a donation in
support of the clinic's efforts.
. Along with the donation, Ginn
employees actively participated
in the community health walk.
According to clinic officials, there
were over 50 early registrants for
the event.
"Our aim is to sensitise the
community to healthy practices
and preventative care," said
Yvonne Clarke, nursing officer
II, Public Hospitals Authority,
Grand Bahama Health Services..
"This is part of a continuous
effort which started five years ago
with the objective to bridge the
gap between the West End Clin-
ic and the community."
In September, Ginn sur Mer
spearheaded a clean-up and
painting of the West End Clinic
facilities. An ambulance was also
previously presented to the clinic
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PAGE 8, MONDAY, OCTOBER 20, 2008


THE TRIBUNE


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Hotel Chief Engineer

Management Employment Opportunity

POSITION AVAILABLE
HOTEL CHIEF ENGINEER
A leading hotel invites qualified persons in the above mentioned field to
apply for the position of Engineef Manager.
The successful candidate must possess the following:
A minimum of 5 years experience as a Supervisor in the Engineering
Department.
Must be proficient in Preventative Maintenance Programs
Must possess a proven record of Team Leadership skills, and able to
work with little or no supervision
Must possess strong interpersonal, communication, problem solving
and customer service skills
Must possess knowledge of Electrical & Mechanical Systems i.e.
HVAC, Plumbing & Heating
Must possess basic Administrative skills with some knowledge of
Microsoft Excel
Must be able to work long and flexible hours
Applicants with supporting documennint. jlio rniduindg clean Police
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Applicants for Hotel Chief Engineering,
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P.O. Box N-3207
Nassau, Bahamas ,


Developments at Freeport Container Port


and Sea Air Business Centre to be discussed


FREEPORT Container Port
(FCP) and the Sea Air Business
Centre (SABC), provide an
opportunity for local and inter-
national businesses importing and
exporting merchandise and prod-
ucts to and from the Bahamas to
source goods worldwide directly,
taking advantage of market access
with the Mediterranean Shipping
Co (MSC).
Raymond L Jones, chief oper-
ating officer, Freeport Contain-
er Port, Freeport Harbour Com-
pany, Grand Bahama Airport
Company and the Sea Air Busi-
ness Centre, along with Scott
Miller, business development
manager of Hutchison Ports
Bahamas, will inform businesses
and members of the Bahamas
Chamber of Commerce about
developments taking place at the
Freeport Container Port (FCP)
and the Sea Air Business Centre
(SABC) during a joint luncheon
with key executives on Wednes- .
day. at the British Colonial Hilton.
Freeport Container Port offi-
cials also plan to inform busi-
nesses of how they can take
advantage of the many transship-
ment services provided by the
facility. They. say the meeting is
timely, considering the economic
downturn in global markets.
Officially opened in 1997,
Freeport Container Port is pri-
vately-owned and operated by
Hutchis6n Port Holdings (HPH),
the world's leading port investor,
developer and operator, with
interests in 47 ports in 24 coun-
tries.
HPH also owns and operates
in a joint venture with Port Group
Ltd, the 'Freeport Harbour Com-
pany, the Grand Bahama Airport
Company and the Sea Air Busi-
ness Centre.
Miller said: "We wish to see a
greater involvement on the part


of Bahamian-based businesses as*
it relates to them taking advan-
tage of the many opportunities
that exist in The Bahamas. Busi-
nesses and manufacturing com-
panies who operate in The
Bahamas can take advantage of
the opportunities that can be
realized using the Freeport Con-
tainer Port and Sea Air Busindss
Centre along with Freeport's Free
Zone (FZ) status. Mediterranean
Shipping Company is the world's
second largest shipping company
and they, in conjunction with our-
selves, provide synergistic oppor-
tunities that must be explored."
Miller explained that presently
a number of businesses encounter
tremendous challenges importing
and exporting their goods and
products to and from The
Bahamas. For instance he noted
that companies importing goods
from China to The Bahamas ship
their merchandise from China to
New York, and from New York
down to Miami, and from Miami
into Nassau.
Miller also confirmed that FCP
ensures that doing business is has-
sle-free for businesspersons as
MSC, the main shipping line ser-
vicing Freeport Container Port,


Rim.6 6w.Rm-ItSSS


has direct routes from China.
"Businesses can ship their prod-
ucts directly from China to Grand
Bahama where the products
could in turn be stored. There is a
740-acre park that we have called
the Sea Air Business Centre. It
is vacant land at the moment; but
it is available for construction or
warehouses for storage, break-
bulk or performing value added
processing before shipping to
Nassau, the Caribbean and
beyond..."
Dionisio D'Aguilar, president
of the Bahamas Chamber of


Commerce, expressed concern
that many businesses based in
New Providence are unaware of
services offered by the Freeport
Container Port and the customers
of MSC as it relates to the impor-
tation and exportation of goods to
and from The Bahamas.
D'Aguilar said the chamber is
delighted to have the chief oper-
ating officer and business devel-
opment manager of Freeport
Container Port visit Nassau and
meet with members to explain
the many services provided by
the container port, as well as to
inform businesses how they can
take advantage of these services.
"I think it is important for busi-
nesspersons in New Providence,
particularly since this is where
most of the economic activity
occurs in The Bahamas, to be
aware of how they can utilise the
resources offered by this great
company located in our nation's
second city, Freeport.
"I encourage everybody to
come out and learn about it, edu-
cate and inform themselves.and
hopefully lower their costs on
transshipment of items to and
from The Bahamas," the chamber
chief concluded.


Responsibilities include:
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management processes and associated
budgets.
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Develop and execute business, sales and
marketing plans.
Execute and coordinate promotions.

Qualifications:
Minimum 3 years experience.
Excellent written, verbal skills.
Attention to detail.
Strong organizational and analytical skills.
Self sufficient, proactive.
Proficient in Microsoft office.
Strong team player.
Helpful to have a Bachelors degree in
Business, Finance, Marketing.











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THE TRBUNEMONAYBOCTBER20,2Q08PNEiGi


FROM page one.


pistol, kicked in the bolted front
door and burst into the town
house. They forced the woman
downstairs to go upstairs with
them.
They entered Mr Dulin's bed-
room, pointed the shot gun at him,
ordered everyone to be quiet and
told them that they had come for
all the money in the house.
Mr Dulin gave them his wallet.
It seemed they expected more and
told him this could not be all the
money. They threatened him for
more. They searched the women's
rooms for money.
They hit Mr Dulin several times
on the side of his head with the
shotgun, demanding money and
jewellery and repeating that there
had to be more somewhere in the
house.


Gentleman's club

owner beaten and

threatened with death


They then duct taped the two
women, tying their hands behind
' their backs, crossing their legs at
the ankles and duct taping the legs
together. They then duct taped
their mouths.
They duct taped Mr Dulin's
arms in front of him,' and duct
taped his mouth.
They turned him on his stom-
'ach and as one of the robbers held
him down, the other searched the
house.
The second man returned to
the bedroom and ordered Mr
Dulin to open the safe to give them
the rest of the money and the jew-


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FROM page one


ing the 29th Olympic Games in Beijing, China, Mr
Ingraham noted that for the third consecutive time,
the Bahamas had returned from an Olympics with
two medals.
"This year we tied with Trinidad and Tobago,
Colombia and Morocco all countries with popu-
lations of more than a million people. We won more
medals than Chile, South Africa and Singapore all
countries with far greater resources and considerably
larger populations than our own. You are magnifi-
cent," he said.
The prime minister said that long ago he recog-
nised that it would be a serious miscalculation to
underestimate the will of Bahamians to achieve
what some might consider to be "the unachievable".
There is ample proof of this, he said, in the
Bahamian athletes who continue to repeat the


ellery.
Mr Dulin, still taped, was taken
downstairs, the safe was opened
and cleaned out of more than
$100,000 worth of jewellery and
coins personal jewellery, an
antique gold watch, estimated to be
worth $35,000, a man's antique dia-
mond ring, loose diamonds, emer-
alds and pearl necklaces, US and
South African gold coins. It is
understood that Mr Dulin's family
had a company in South Africa
which traded in small diamonds.
They also stole his US passport, a
couple of lap tops, several cell
phones, one iPod and a pair of high
powered binoculars.
He was ordered down on the
floor while they emptied the safe.
"This is a warning from our
boss," one of them shouted at him.
"You don't belong here white boy,
if you don't get out of our f-- coun-
try we'll kill you. Why'd you close
the club? You've f---up our boss'
business."
They did not say who the "boss"'
was to whom they referred.
Mr Dulin was taken back
upstairs where his legs were taped
together and his girlfriend was
raped. They started to rape the
second woman, but for some rea-
son changed their minds. To
remind her that they had guns,
they rubbed the guns on her body.
Mr Dulin was again warned. He
was reminded that they could have
killed him, and would do so if he
did not leave the country.
They ook the second woman to
her bedroom, made her kneel
down at the foot of the bed, one of
them again tried to rape her. Sud-
denly he stopped, told her she was
lucky, said he would not do that
to her, returned her passport and
told her to leave the Bahamas. He
then kissed her on the back of her
head.
Club "Illusions", which opened
on September, 18 as "an upscale,
private gentleman's club", has had
a long and chequered history,
opening and closing under several
new owners and managers. Locat-
ed on East Bay Street, opposite
the Poop Deck, it was first known
as the Pink Pearl when it was a
restaurant. The restaurant closed
and was later opened as a "strip
club" by a Russian group under
the name of Butterfly. During that
period a couple of the club's
women dancers were arrested and
deported: Again it was closed and
reopened under the name Man-
hattan, followed by Bentley.
It was reopened as Illusions on
September 18, then closed several
times as the partners organised the
operation. A few days ago it is
understood that the business was
closed temporarily for a discussion
between the.partners.
It is also understood that Mr
Dulin's family company is one of
the three minority shareholders
with Carlos and Craig Wells. Hold-
ing the majority shares are Dion
Smith, Wayne Munroe and two
other partners.
Someone who learned of the
incident said they would be sur-
prised if investors would continue
to look at the Bahamas as a safe
business investment if incidents
like this, which seemed to be hap-
pening more frequently, were
allowed to continue.


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Olympic medallists
incredible achievements that today dot the :innals of
Bahamian sports.
"I wish to acknowledge and thank lthei parents
and the coaches of our Olympians foi tiei long
years of dedication to our children hil to lIheir
sport. Truly you have made it possible foir the rich
but raw talent of our young people to b, honed to
astounding levels of perfection.
"I thank also the Bahamas Olympic \Association
for their dedication and commitment to the pro-
motion of the Olympic spirit among LII youngg peo-
ple. I thank, in a very special way, the corporate
sponsors of our Olympians, including lih,;c who
generously sponsored training and tria" and those
who made possible the televised coverage of the
Beijing Games by ZNS television," he said.


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MONDAY, OCTOBER 20, 2008, PAGE 9


THE TRIBUNE


, ,
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'










PAE 0,MONDAYOCTOBERL20 2008 THET RIBU


FROM page one

unharmed.
Witnesses at the scene said a neigh-
hour rescued the child from the jeep
;fterc a hail of gunfire struck Mr Dames
in the head and upper body.
Sources said Mr Dames, who worked
in forensics, was under investigation
after drugs went missing from police
custody. He was said to be suspended
(n half-pay, but Mr Evans said the vic-
tim was. in fact, no longer in the force.


Mr Evans could not confirm the drug
claims yesterday. He said that, while
he was aware of the incident where
drugs went missing from police custody,
he did not know the identity olt the cul-
prit.
Mr Evans said he did not know the
official reason for Mr Dames' dismissal
from the police force.
According to eye-witnesses, men in


a light-coloured vehicle with dark tints
were staking out Mr Dames' property
from a construction site across the
street.
When Mr Dames stepped out of the
car the men reportedly began shooting.
A witness said Mr Dames' wife
looked on as police did their investiga-
tion and that when they removed his
body from the Lexus she collapsed.


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Shooting victim was let go by police force


FROM page one

Mr Christie was addressing a
special breakfast held in honour
of over 150 stalwart councillors
at the Lynden Pindling Centre on
Farrington Road when he made
this pointed address.
While not naming the MP in
question, Mr Christie did repeat-
edly mention that, as leader, he
can only rely on the assurances
of his colleagues that they would
not compromise themselves while
in government and out.
"During my time as leader of
the Cabinet I dealt with every
issue of every minister and all
persons who served with me. The
record as to how I dealt with it,
whether. to the satisfaction or not
of people, is clear. But at all times
ensuring that I was seen to act in
pursuance of the best interest of
this party. This party came out of
government, and all of us as col-
leagues resolved to-be the best
we can in the fulfilment of duties
and responsibilities as leaders to
the people we represent in our
constituencies and to the people,
we represent in the Bahamas.
"As leader I can expect no less
from those who have been elect-
ed. They are colleagues who have
given me continually the full'
assurance of their commitment
to all the principles of good gov-
ernance. And as I stand here
today, nothing has changed in


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Christie warning
that regard. And when something
does change, you can expect me
to come before. you. All col-
leagues who serve with me have
given me all of the assurances, all
of the commitments by word and
by deed as to the fulfilment of
the responsibilities and the duties
that they had and that they are
to carry out whether in govern-
ment or out of government," he
said.
Ever since The Tribune broke
the story of the MP being quizzed
by police in connection with a
multi-million dollar construction
scam during his administration,
many in the PLP have started to
point the.finger as to who in the
party will speak out either in
defence or condemnation of the
MP.
However, since the initial pub-
lication, only the PLP MP for Fox
Hill Fred Mitchell has publicly
announced that he is not the MP
being quizzed by police.
Mr Mitchell also noted, how-
ever, that he felt that the police
investigation was merely a "smear
campaign" orchestrated by the
FNM to attack the party, and dis-
tract the country from the "loom-
ing" economic recession.
"I think the PLP ought IA stand
up and say enough of. this. One
has the civic duty, of course, if
there is a legitimate investigation
going on to co-operate with the
authorities, but certainly you
don't expect if there is co-opera-
tion with authorities there is going
to be this type of trial by innuen-
do or smearing," he said.
The sitting PLP MP is expected
to be questioned for at east a
week as investigators are said to
want to quiz him on an estimated
"20 matters", including alleged
embezzlement of funds from the
National Emergency Manage-
ment Agency, where construction
materials were paid for, but nev-
er arrived at their designated
location.
This first matter reportedly
involves a $5 million contract
awarded to a well-known PLP
supporter in the construction field
who has also been questioned by
police in connection with this
matter.
A second matter involves
another multi-million dollar con-
tract awarded to another well-
known PLP heavy equipment
operator. This time, the alleged
scam involved a contract awarded
to clear two government sub-divi-
sions valued at over $7 million.
Not only was the contract
already inflated, the developer in
question is alleged to have turned
around and sold the fill from the
land back to government at $1
million per sub-division. More
than $9 million was amassed in
this single contract, which did not
go out to bid.


PLP on convention

FROM page one
emergence as the next govern-
ment of the Commonwealth of
the Bahamas and our work in
this regard is undeterred. We
are committed to the principles
and ideals which fuelled this
organisation in 1953 when it was
formed in resistance to oppres-
sion and to procure equity for
our people.
"We will continue our work
in advocating for the dignity of
our people in the face of inef-
fective, visionless, offensive
policies which do no justice to
our proud heritage as a peo-
ple," she said.


Gay man stabbed to death

FROM page one

always encouraged others to better themselves and showed them how
a person like himself could come from nothing and still achieve his
goals.
Sources close to the investigation claim that just one day before his
death, the victim was seen in the presence of a man who earlier this year
was questioned in connection with the high-profile murder of Harl Tay-
lor.
The discovery of the body was made by a passer-by who was walk-
ing down a track- road near South Beach Pools at around 7am yester-
day.
Police were alerted and officers arriving on the scene found the
body of a man with "multiple stab wounds about the body," Asst
Supt Walter Evans said.
Emergency medical personnel pronounced the victim dead at the
scene.
The body was found in the driver's seat, leaning into the passenger
side of a white right-hand driven 1995 Honda Civic with the registra-
tion number 96708.
Initial investigations indicate that the victim may have been in that
position for more than six hours before his body was discovered.
The victim was dressed in a yellow floral shirt and blue jeans.
Mr Whylly, a bachelor who reportedly lived by himself, was said to
have been slim built.
He was reportedly a dedicated member of Zion Baptist Church in
Shirley. Street, Nassau.
Mr Evans said yesterday that, while police believe they know the vic-
tim's identity, they have not yet found anyone to positively identify him.
Crime scene technicians worked at the murder scene all day yes-
terday as the body was taken to the morgue for an autopsy.
Mr Evans said it is still too early in the investigation to name a sus-
pect or a motive for the killing.
However, well-placed sources fear this latest death is the continua-
tion of a series of gay murders that began almost a year ago when hand-
bag designer Harl Taylor and College of the Bahamas lecturer Dr
Thaddeus McDonald were brutally slain in November, 2007.
Mr Whylly was believed to associate with a man who-was a guest at
Dr McDonald's birthday party shortly before the lecturer's murder.
Some sources believe that a fight that broke out at that birthday par-
ty led to the deaths of Mr Taylor and'Dr McDonald.
Following those two murders, two other gay men, HIV/AIDS activist
Wellington Adderley and Jamaican Marvin Wilson, were also brutal-
ly killed within a few a months of each other.


II I fl I I






I S 7
LM ( | I
I^^^^^^^^H^^ m^^ ^^^ ^
HH^HI^^~~~~~ IA :T 1 I II ~&S u^^^^^


...........--


I


A6-


AL


PAGE 10, MONDAY, OCTOBER 20, 2008


THE TRIBUNE


. 4







THE TRIBUNE MONDAY, OCTOBER 20, 2008, PAGE 11


LOA NW


AS a seller in the cur-
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Got old linoleum, vinyl or
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You can instal laminate that
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Under-cabinet lighting is
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A coat of fresh paint and
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You'd be well-advised to
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MONDAY, OCTOBER 20, 2008, PAGE 11


THE TRIBUNE






THE TRIBUNE


LOA;NW ,


Laing presents scholarships to Bahamian students here and abroad


* BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Marco City MP Zhivargo Laing
presented five scholarships to Bahamian students
studying at colleges abroad and in the Bahamas.
Mr Laing made the presentations on Thurs-
day at his constituency office in the Sunrise Shop-
ping Centre. He said the Sir Cecil Wallace Whit-
field scholarships are worth $1,000 each.


"I continue to be very grateful to the people of
Marco City who have given me the opportunity to
represent them in the House of Assembly.
"And I continue to want to do as much as I can
to give back to this community when I can," he
said.
This year's recipients were Samaiya Black, a
two-year student at the College Of the Bahamas;
Trenika Rolle, a student at Virginia Common-
wealth University; Raven Stubbs, a second-year
student at Florida College of Natural Health;


Tameka Walkin and Rodney Wilson, first-year
students at Valencia Community College.
Mr Laing said this is the second year they are
providing scholarships in the name of Sir Cecil
Wallace Whitfield, former MP for Marco City.
Last year, eight students were awarded schol-
arships.
"One of the ways I found to give back is in
promoting education in this constituency because
I believe the best way to invest in the long term
future prospects of this community, island and


country, is by doing so in the education of our
children. We have essentially provided scholar-
ships to everyone who applied this year. I am
delighted to be able to do it again and I wish the
students the very best in the furthering of their
education," said Mr.Laing.
Olive Wilson thanked Mr Laing on behalf of
the parents.
"We are most grateful for the scholarships,
especially in these hardship times, and it will go a
very long way in tuition fees," she said.


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See You Soon


Grand Bahama Port Authority should


be scrapped, says Nassau lawyer


Paul Moss also expresses concern over state of economy


BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT The Grand Bahama Port
Authority has served its usefulness and
should be abolished, said Nassau lawyer
Paul Moss.
Mr Moss believes the government should
move to put the Port to "sleep" once the
ongoing legal feud between the two princi-
pal shareholders ends.
"It seems to me that the shareholders
and owners, and operators of the Port
Authority have been too distracted by their
own selfishness and not focusing on the
licensees and on the betterment of the peo-
ple in Freeport, and that is what the gov-
ernment needs to look at and change," he
said on Thursday in Freeport.
The attorney held a press conference to
express concern over the state of the Grand
Bahama economy.
He said that high unemployment, low
tourist arrivals, as well as the ongoing legal
dilemma at the Port are major contributing
factors to the island's economic woes.
The GBPA has the responsibility of
engaging and promoting the city of
Freeport, Mr Moss said.
"I believe Freeport is clearly an island
that has all of the tools and infrastructure to
be successful, but someone has to pay atten-
tion to it," he said.
Two co-chairmen were recently appoint-
ed at the Grand Bahama Port Authority
to oversee the operation.
Since the appointment of businessmen
Felix Stubbs and Erik Christiansen, the
Ross University medical school project was
approved and construction of the new COB
campus in Freeport has started.
, 5: 'The.H4ayward and Si G,:,'ice families are
involved in legal disputes over ownership of


"I believe, in my
view, that the Port
has served its
usefulness. It is
outdated and it
ought to be
abolished."


Paul Moss


the Port Authority. ments and it has corrupted many govern-
The matter has been dragging on in the ments and many people," claimed Mr Moss.
courts for over two years. Mr Moss believes that the Freeport econo-
The PLP lawyer said the FNM govern- my and Bahamians in Grand Bahama will
ment can do nothing right now about cur- not benefit from the European Partnership
rent legal situations at the Port. Agreement, signed on Wednesday.
"There is nothing that the government "It is certainly not going to improve the
can do if itwants to exist as a government economy here, you are only going to see
that respects the rule of law. that more Europeans can come in and take
"It is clear the matters are before the advantage of what Grand Bahama has to
courts and that we recognize that the PA is offer, and Grand Bahamians on the ground
not good for the island of Grand Bahama. still don't feel the effects of it.
"I believe, in my view, that the Port has "I think the EPA is a bad deal all around,
served its usefulness. particularly for the Bahamas, when we have
"It is outdated and it ought to be abol- yet to develop our industries and we are
ished," he said. allowing persons now to come and exploit
"Whenever this matter is finished, the .us.
government ought to look at it and speak to "We know we are not ready, we cannot
the owners and see how amicably they can compete," he said.
reach a resolution to really put the ft s, J 6 nrtor.s d13,ahamhanftamilies are
sleep." P t.. stfui- ong!gff o net hav2e cceps to capital
"It (the Port) is a corrupter of goveit-f' eYgahi E6pe do.


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E-mail: elite-motors@hotmail.com
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Daytona Fan Belts
Daytona Timing Belts
Wells Ignition Parts
Moog Suspension parts
Carter Fuel Pumps
Eastern Water Pumps
Rain-X Wiper Blades


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Batteries
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Con-Rod Bearings
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Brake Pads & Shoes
Trans, Filter Kits
Harmonic Balancers
Belt Tensioners/Pulleys
C.V. Joints/U. Joints
Brake Rotors
Wheel Bearings
Wheel Cylinders
Brake Master Cylinders
Fan Motors
Gaskets Sets
Shock Absorbers
Engine Mounts
Tools & Accessories
Var, Bulbs/Sealed
beams


Lj--w


PAGE 12. MONDAY. OCTOBER 20, 2008


a




a V


THE TRIBUNE


MONDAY, OCTOBER 20, 2008, PAGE 13


) COMMONWEALTH

UEDB BANK CHAIRMAN'S REPORT ON UNAUDITED RESULTS SEPTEMBER 30, 2008


On behalf of the Board of Directors, I am pleased to be able to report for the 9 months ended
September 30, 2008 that Commonwealth Bank's net income was $38.0 million, an increase of
7.6% over the same period of 2007 ($35.4 million).

The third quarter started with the Bahamian economy starting to reflect the global impact of
increases in energy costs and the U.S Sub Prime crisis of the previous 6 months and ended
with a historic financial collapse in world markets. While your Bank has no exposure in the
US markets that caused the collapse, the resulting impact on the US economy will continue
to challenge our tourism industry and economic activity in the Bahamas. Despite these tough
times the Bank surpassed the third quarter results of the prior year when the economy was a
lot stronger.

Our principles of safety and soundness underlie our prudent management of the Bank, thus our
conservative policy of consumer loans write offs and aggressive provisioning policies, results in
a strong Balance Sheet. The strength reflected not only in loan loss provisions of over. 150% of
impaired loans, but the total impaired loans at 1.4% of the loan portfolio is well below the industry
average.


COMMONWEALTH BANK LIMITED
CONSOLIDATED BALANCE SHEET
(Expressed in B$ '000s) (Unaudited)


September 30, 2008
ASSETS
Cash and deposits with banks $ 22,041
Balances with Central Bank 73,404
Government Stock, Investments and Treasury Bills 122,705
Loans Receivable (net) 1,035,766
Premises and equipment 33,747
Other assets 1,459
TOTAL $ 1,289,122

LIABIUTIES AND SHAREHOLDERS' EautY
Liabilities:
Deposits $ 1,029,176
Life assurance fund 18,179
Other liabilities 29,589
Total liabilities 1,076,944

Shareholder's Equity:
Share capital 86,947
Share premium 25,917
General Reserve 10,500
Retained earnings 88,814
Total shareholders' equity 212,178
TOTAL" $ 1,289,122


December
31, 2007

$ 20,934
72,609
98,050
954,943
30,912
1,726
$ 1,179,174



$ 935,730
16,184
26,364
978,278


86,951
27,643
10,500
75,802
200,896
$ 1,179,174


Total Assets at September 30th, 2008 were in excess of $1.25 billion, with a strong cash and
liquid assets composition of $218 million up $26.5 million from December 2007. Capital ratios
remain well in excess of regulatory requirements with total equity exceeding $212 million up over
$11 million since December 2007.

As we look toward the end of the year we are optimistic about our 2008 performance.

Our thanks are always due to our dedicated and loyal employees whose noble efforts allow us
to serve our customers as they deserve.



T. B. Donalds CBE
Chairman


COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
(Expressed In B$ '00s) (Unaudited)


PREFERENCE SHARES
Balance at beginning and end of period

COMMON SHARES
Balance at beginning of period
(Purchase)/Issuance of common shares
Balance at end of period

SHARE PREMIUM
Balance at beginning of period
(Purchase)/Issuance of common shares
Employee stock options
Balance at end of period

GENERAL RESERVE
Balance at beginning and end of period

RETAINED EARNINGS
Balance at beginning of period
Net income
Common share dividends
Preference share dividends
Balance at end of period

SHAREHOLDERS' EQUITY AT END OF PERIOD


9 months ending 9 months ending
September 30, 2008 September 30, 2007

$ ..... 84983 $ 84,983


1,968
............. (4)
1,964

27,643
(1,998)
272
25,917


10,500


75,802
38,076"
(20,602)
J 4,462 )
88,814

$ 212,178


1,964
1
1,965


26,429
642

_27,071


10,000


50,496
35,379
(15,732)
S4,462)
S 65,681

$ 189,700


COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF INCOME
(Expressed in B$ OOs) (Unaudited)



INCOME:
interest income
Interest expense
Net interest income
Loan loss provision

Life assurance, net
Fees and other income


NON-INTEREST EXPENSES:.
General and administrative
Depreciation and amortization
Directors' fees

NET INCOME

Preference Share Dividends

NET INCOME AVAILABLE TO COMMON SHAREHOLDER

AVERAGE NUMBER OF COMMON SHARES
(Thousands)
EARNINGS PER SHARE (3 months)



COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF INCOME
(Expressed in B$ '000s) (Unaudited)


3 months ending 3 months ending
September 30, 2008 September 30, 2007


$ 38,512
(12,776)
25,736
(2.850)
22,886
1,521
2,408
26,815


12,311
878
57
13,246
13,569

(1,487)

s $ 12,082

98,204

$ 0.12


$ 33,724
(10,217)
23,507
(2,209)
21,298
1,695
2,162
25,155


11,321
614
39
11,974
13,181

(1,487)

$ 11,694

98,271

$ 0.12


COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
(Expressed in B$ '00Os) (Unaudited)


CASH FLOWS FROM OPERATING ACTIVITIES:
Interest Receipts
Interest Payments
Life assurance premiums received
Life assurance 'claims and expenses paid
Fees and commissions received
Recoveries
Cash payments to employees and suppliers

Increase in loans receivable
Increase in deposits
Net cash from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Government Stock, Investments
and Treasury Bills
Interest receipts and repayment of
Government Stock and Treasury Bills
Purchases of premises and equipment
Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES'
Dividends paid
(Payment)/Proceeds from purchase/issue
of common shares
Share based payments
Net cash used in financing activities
NET INCREASE IN CASH EQUIVALENTS
CASH EQUIVALENTS, BEGINNING OF PERIOD
CASH EQUIVALENTS, END OF PERIOD


9 months ending 9 months ending
September 30, 2008 September 30,2007


$ 100,952
(37,262)
7,793
(2,934)
8,231
5,406
(31,982)

(89,928)
93,446
53,722



(113,470)

93,389
(4,945)
(25,026)


(25,064)

(2,002)
272
(26,794)
1,902
93,543
$ 95,445


$ 87,895
(29,651)
7,819
(2,623)
7,228
4,426
(30,133)
-44,961
(115,082)
S91,361
21,240



(49,007)

33,649
(3,194)
(18,552)


(20,194)

643
0
(19,551)
(16,863)
92,295
$ 75,432


9 months ending 9 months ending
September 30, 2008 September 30, 2007


INCOME:
Interest income
Interest expense
Net interest income
Loan loss provision

Life assurance, net
Fees and other income


$ 110,932
(37,262)
73,670
(9,105)
64,565
4,288
7, 6.807
75,660


NON-INTEREST EXPENSES:
General and administrative
Depreciation and amortization
Directors' fees

NET INCOME

Preference Share Dividends

NET INCOME AVAILABLE TO COMMON SHiREOLDERS

AVERAGE NUMBER OF COMMON SHARES
(Thousands)
EARNINGS PER SHARE (9 months)


35,334
2,110
140
37,584
38,076

(4,462)

$ 33,614

98,204


$ 96,266
(29,651)
66,615
(6,900)
59,715
4,060
5,934
69,709


32,362
1,846
122
34,330
35,379

(4,462)

$ 30,917

98,271


COMMONWEALTH BANK LIMITED
NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
NINE MONTHS ENDED SEPTEMBER, 30, 2008
(EXPRESSED IN B$ '000S) (UNAUDITED)
ACCOUNTING POLICIES
These consolidated interim' condensed financial statements have been prepared In accordance with
International Accounting Standards 34 Interim Financial Reporting. The accounting policies used in the
preparation of the interim financial statements are consistent with those used in the annual financial
statement for the year ended December 31, 2007.
The consolidated financial statements include the accounts of Commonwealth Bank Limited ("the Bank") and
its wholly owned subsidiary companies. The subsidiaries are Laurentide Insurance and Mortgage Company
Limited, C.B. Securities Ltd. and C.B. Holding Co. Ltd.
BUSINESS SEGMENT
For management purposes, the Bank including its subsidiaries is organized into two major operating units-
Bank and Real Estate. The following table shows financial information by business segment:
Revenue September 30, 2008 September 30, 2007
Bank segment External $ 75,287 $ 69,512
Real Estate segment External $ 53 $ 197
Real Estate segment Intersegment $ 1,250 $ 1,097
Net Income
Bank segment $ 38,182 $ 35,162
Real Estate segment $ (106) $ 217
Consolidated $ 38,076 $ 35,379
DIVIDENDS
The Directors have approved interim quarterly dividends in the amount of 5 cents per common share (2007:
4 cents) and an extraordinary dividend of 6 cents per share. The total dividends paid as of the Interim date is
21 cents per share for common shares (2007:16 cents). The dividends are declared on a quarterly calendar
basis. The interim financial statements only reflect the dividends accrued for the Interim period.
COMPARATIVE FIGURES -DIVIDENDS AND EARNINGS PER SHARE
On October 17, 2007, the shareholders approved a three-for-one split effective November 9, 2007.
Comparative per share data for 2007 has been restated to recognize the effect of the stock split.








I LOCAL NEWS I I


IN THIS image released by Twentieth Century Fox and Walden
Media, Saoirse Ronan, left, and Harry Treadaway are shown in a
scene from 'City of Ember.'

Twentieth Century Fox and Walden Media/AP


Accounts Clerk





A well established Company seeks an Accounts Clerk
with the ability to, but not limited to the following.
duties:

Maintain Payables System
Maintenance of Inventory Spreadsheets
Prepare for and complete month end inventory
counts
Preparation of bank and other balance sheets
Reconciliations and various general ledger
accounts to sub ledger
Prepare Schedules to assist in External Audits
Assist in other duties falling within the
Accounts department where necessary

Candidates must possess the following skills:

Associates Degree in Accounting
Experience in Reconciliations
Experience in Accounts Payables would be
an asset
Excellent organizational and problem solving
skills
Proficient in Microsoft Office Products
particularly Excel.
Must be a team player and possess people skills

All Applications must be submitted by October 31st
2008.

Apply to:'

DA 68551
c/o The Tribune
P.O. Box N-3207
Nassau, The Bahamas


City of Ember


burns bright on


the big screen


* MOVIE REVIEW
By JASON DONALD
CITY OF EMBER
Starring: Bill Murray,
Tim Robbins, Mary Kay
Place, Martin Landau,
Toby Jones, Saoirse Ronan,
Harry Treadaway


THE SCRAMBLE to
adapt children's book series
for the big screen following
the phenomenal success of the
Harry Potter franchise hasn't
been particularly worthwhile.
Some big budget movies
have suffered frong being the
obvious first act of a trilogy
or collection, then mediocre
box office returns mean those
stories are left forever incom-
plete the cinematic equiva-
lent of a derelict unfinished
building.
City of Ember, however,
despite being part of a nifty
series of novels for younger
readers, pretty much works as
a stand-alone story aided by
an absolute corker of a
premise.


$- Apocalypse


i~~i


S The film starts in the near
future. An impending apoca-
lypse has prompted the build-
ing of an underground city
(Ember) big enough for sev-
eral hundred inhabitants. The
city can sustain itself for
around 200 years enough
time for the Earth to recover
from whatever catastrophe
has affected the surface.
But as generations pass, the
information on how to get out
of the place gets lost, until
eventually Ember is past its
sell-by-date. The generator
which powers the city is prone
to frequent black-outs (we can
all sympathise-with, that.,
right?), the food supplies are


running low, and the inhabi-
tants terrified by the idea of
a life in darkness have no
idea they are living under-
ground.
Two enterprising young-
sters, Lina (Ronan) and Doon
(Treadaway), think they may
have found something impor-
tant that will lead everyone
out of there, but the current
mayor, played with sinister
charm by Bill Murray, has his
own agenda and stands in
their way.
As children's films go, City
of Ember is a welcome return
to the intelligent, hand-crafted
movies that seemed to die out
with the introduction of CGI.
Here we have a story that
doesn't patronise younger
viewers and has enough depth
to keep adults engaged.
There are some narrative.
lulls for sure, but the incredi-
ble production design should
be enough to keep everyone's
eyes on the screen. Director
Gil Kenan, who helmed
another recent quality release,
Monster House, has created a
living, breathing underground
city with stunning detail -
Ember really does feel suffo-
cating with its crowded streets
and recycled clutter. This is
clearly a director with visual
flair I can't wait to see what'
he does next.
Kenan also.has a great cast
at his disposal, and all of them
especially the two young
leads leap into their roles
enthusiastically.
It's probably too early to tell
if there will be a sequel in the
works (there are four books
in.the series), but City of
Ember is self-contained
enotugi to stand proudly\ on
its own.
Lacking the sell-importance
of many franchise wannabes,
this is solid family entertain-
merit. -


MODEL


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Altima
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YEAR


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All vehicles are sold under bid basis. We reserve the right to
refuse any or all bids. Vehicles may be viewed at:





FRESH AUTO

EAST STREET SOUTH
Nassau, Bahamas
TELEPHONE 356-2109

Offers/Enquires Contact:
Charise Miller (242) 502-6130/502-6132
P.O. Box SS-6263 Nassau. Bahamas
. . - ..


MAKE


Kia
Nissan
Hyundai
Hyundai
Hyundai
Jeep
Dodge
Kia
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Chevy
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2000
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2007
2001
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2006
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1998
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2002
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2000


Credit Suisse, Nassau Branch
is presently considering applications for a

FACILITIES MANAGER

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

Qualifications:
Minimum of 10 years well rounded facilities or property management experience in an
offshore banking environment
Strong management and leadership skills
Well versed in Bahamian building codes
In-depth knowledge of contingency planning and project management
PC Literacy (MS Word. Access, Excel)
Proven track record

Duties and Responsibilities
Serve as the general liaison between the local staff and other Corporate Real Estate & Services
Managers based in New York e.g. Security, Project Management. Engineering as well as the
local Country Management Team
Manage ali maintenance contracts, monitor performance and process payments
Facilitate building maintenance repairs and other minor renovations/reconfiguration projects:
organize and monitor general cleaning of bank's premises.
Assist Project Management team and business units with space issues, including moves,
changes and minor construction activity; notify staff of local conditions and minor changes that
may affect employees in all occupied space
Arrange all special facilities services e.g. cleaning and overtime HVAC requests; liaison to
,local property manager for any and all building related issues
Interface with and coordinate repairs and other issues with property manager; provide local
support for the New York based engineering management team for all engineering related
issues; act as liaison between the landlord and the engineering department for all landlord
related engineering issues
Manage local resources and vendors in the execution of maintenance contracts, repair work
and project related activities and communicate results or abnormal conditions
Provide on site support during emergency conditions including the communication of
information regarding cause and remediation of the situation
Perform daily inspections of critical areas and observations of engineering equipment
Coordinate all health and safety issues

Personal Qualities:
Excellent organizational, interpersonal and communication skills
A commitment to service excellence
,-khihi to work under pressure and with minimum supervision

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

APPLICATIONS MUST BE IN WRITING.

Persons not meeting the minimum requirements need not apply.

Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas
DEADLINE: OCTOBER 24, 2008


Ir.
L.


PAGE 14, MONDAY, OCTOBER 20, 2008


THE TRIBUNE


. 1


-11-6 AN


*:.,:. -:.i 'T







MONDAY, OCTOBER 20, 2008, PAGE 15


THE TRIBUNE


LOA NW


School of Nursing receives gift I


from Rotary International


STUDENTS at the College
of the Bahamas School of
Nursing and Allied Health
Professions now have the ben-
efit of a simulated laboratory
at the Grosvenor Close cam-
pus thanks to a generous gift
from Rotary International.
The gift of more than
$100,000 in equipment was
made possible by a partner-
ship between Rotary clubs in
the Bahamas and South Flori-
da. It comprises two fully func-
tioning mannequins connected
to computers and several CPR
training mannequins.
The two high-fidelity man-
nequins contain imitation
organs and react realistically
to stimuli giving immediate
feedback for students..
Their breathing, heart rate,
blood pressure and other vital
functions are displayed on a
computer screen. And they
even have an IV training arm.
Rotarians Barry Rassin and
David Lakin in Nassau, and
Steve Robinson from Orlan-
do, approached Laura
Knowles, former chair of the
School of Nursing, asking to


help in an area of greatest
need. Their combined efforts
led to the single largest gift
that the Rotary International
Foundation World Commu-
nity Service Project has ever
presented in the Bahamas.
Mr Rassin, who is also pres-
ident and CEO of Doctors
Hospital said, "We have great
training and great nurses in
the Bahamas, but we want to
make them even better, and
we are looking forward to
working on more projects."
Orlando Rotarian Mr
Robinson noted that the
Bahamas was a close neigh-
bour, and said "we're very
proud to have participated in
this project. We know this
partnership is going to extend
for many years."
COB executive vice-presi-
dent for academic affairs
Rhonda Chipman-Johnson
said the simulation equipment
would enhance the delivery of
healthcare education in the
Bahamas.
"We are not always able to
work on live patients but with
the simulators we will be able


SBRENDA gLEARE, Dean Faculty of Pure and Applied Sciences, and stu-
dent nurses practise airway rescue technique on a 'patient'.


to deal with a variety of actu-
al health situations.
"This is a big step in
strengthening our healthcare
services," she said.


OlV I UUIIIsoUII, anll
Orlando Rotarian, and
Sarah Eisenbacher,
education specialist at
Laerdal Medical Cor-
poration that pro-
duces the man-
nequins during the
nursing simulator
demonstration.


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P E N 1, OI


THE BAHAMIAN CONTRAC-
TORS' ASSOCIATION (BCA),
in conjunction with The Min-
istry of Public Works and
Transport and Bahamas Tech-
nical Vocational Institute, will
host a seminar series for level
one contractors at BCPOU
Hall, Farrington Road, from
October 23 to November 12.
Public Works and Transport
Minister Neko C Grant
announced the seminar series
at a press briefing on Thurs-
day. He is pictured at the
microphone along with
Stephen Wrinkle, BCA presi-
dent.


Raising standards of



Bahamian contractors


Seminar series organised by BCA with Public Works

IMinistry, Bahamas Technical and Vocational Institute
..sI


N PI9N-R. P.



Sth, Tirrmc Conlrevilo ,ll
Tel: 322-88623 E.mna: infolrobertslurnitureco.com


"The Ministry of
Public Works and
Transport cannot


* By Kathryn Campbell
Bahamas Information
Services


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Share

your
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area or have won an
award.
If so, call us on 322-1986
and share your story.


sa ..------.---------


THE TRIBUNE


PAGE 16, MONDAY, OCTOBER 20, 2008


overemphasise the BAHAMIAN conitactors
will benefit from an upcom-
importance of ing seminar series organised
having a highly by the Bahamian Contrac-
skilled workforce in tors' Association (BCA) in
the construction conjunction with th te Mi-
istry of Public Works and
industry... Transport and Bahamas C
Technical and Vocational
Neko Grant Institute (BTVI).
The four-part level one
contractors seminar is
designed to provide small
contractors with an opportu-
nity to acquire knowledge
and skills that will improve
the quality of service they
offer to the public.
A press conference to
launch the seminar series, to
be sponsored by Albany
Development Company, was
held at the Ministry of Public
Works and Transport on
Thursday.
The seminar will be held
at BCPOU Hall, Farrington
Road, from October 13 from
7-9pm.
Public Works and Trans-
port Minister Neko Grant
said: "The Ministry of Public
Works and Transport cannot
overemphasise the impor-
tance of having a highly-
skilled workforce in the con-
struction industry that
employs so many individuals
and is fundamental to the
growth and development of
our coftintry."
Minister Grant encour-
aged individuals engaged in
the construction industry at
the contractor one-level to
embrace the opportunity,
which will contribute to their
educational and practical
development.
BCA president Stephen '
Wrinkle said this is an initia- .
tive.that is bringing together
government, the private sec-
tor and the Bahamian con-
tractors industry.
"By bringing these three
forces together to put all of
our efforts and resources
into promoting this seminar
series, we are confident that
the level of contracting in
The Bahamas will be raised.
"We need to get the st n-
dard across to all Bahamian
contractors throughout the
archipelago so that when
consumers build their
homes, they have the assur-
ance that the contractor has
participated in a managerial ..
and administrative skills
seminar series that will
enable him to properly man-
age their project," Wrinkle
explained.
Among topics to be
addressed are contract
negotiations, estimating, pro-
ject management and con-
tract close-out:
Speakers include Pat Rah-
ming, architect; Pauf Wor-
rell, quantity surveyor; John
Michael Clarke, project
manager and Amos Fergu-
son, architect. Certificates
will be awarded at the com-
pletion of the seminars.











TR I BUNE


MOND AY, -.OCTOBER 20, 2008..
MONDAY, OCTOBER 20, 2008


.- .'- .-: , '', ,


t-liamas 'exti



lose' to a rec

EBuLHARTNELL r 'Looking rather h
k q Tri une ies Editor
-rooin&rather. to achieve IMF's
ioftC Y to achieve cent growth:
,Etven the International
ty und's (IMF) pro-
Ldpi.f-p cent growth for .....--............................................
aoinoer f.ianceminister
iptatiin with this nation
rlyem e close rto
t o-iecessIon...
,$,rith minster of
t tinance der the for-
--4 sie at4-inistration, T
4Jt wibXel3usiness:- Theo
sadiyngt-g per cent. I
-tu wantt to-scare the
~ a-pople, but even
JI ei t3omgnrther hird to

t 6im fat l -off in
C arivanls isthawe have
toi ptag ct ocinvest-
-e lw -v i ys relied-
SWei ett- c of-.
ee will not
.Uw ow foreign direct
tzneit to t Wake care of the come ,to accept with its revised
-ndcfictti t -tcapital forecasts, and the hotel indus-
try's performance over the
iStiisdtuict that:-the .~qgkning Thanksgiving and
jaws .a dy flirting ," hriptmas/New Year holiday
ft-i*iieh is-offi- period may play the decisive
i ind vas succes-. rol -.a determining whether
4e.5 f of A*gati%4 eco- -oft;t-thq Bahamas falls into
wtiwhe anecono- recession.
-Au.Iytr"iats .in size, f-Mr Smith said the reduction
t -w augisi -many in iAtopistspending and foreign
$ aan bnissscoi directcvvestment would have
fqF o.theB_.gamas'-
SnQyoweid tfboregp currency reserves,
A .third wIhhb:rely heavily on' the
Ceidtral- inflowsgenerated by these two
tt htnas has UNm .areas f9r replenishninnt.


Caribbean 'oversupply'

to impact tourism plans


* By NEIL HARTNELL
Tribune Business Editor
AN oversupply of Caribbean
hotel rooms and lack of Famil]
Island infrastructure maynegate
the minister of tourism's plans
to revitalise the Bahamian
industry in the short-term, a for-
mer finance minister has.
warned.
James Smith. minister of state
for finance, said Vincent Van-
derpool-Wallace's strategy to
effectively market the Bahamas
as a region of islands in its own
right, with each one having its
own brand identity and specific
visitor experiences, seemed to
presume these islands had "the
same infrastructure as
Antigua".
Mr Smith pointed. out that


$5.35


Family Island infrastructure also
an obstacle, says ex-minister

"many islands are not open for
night flying". and that they
lacked the necessary Customs
and Immigration facilities and
staff to clear mass tourist.
arrivals. As a result, visitors to
the remoter.EFamily Islands
%would still need to transit
through Nassau or Freeport.
With the Thanksgiving and
Christmas/New Year holiday
periods likely to provide a key
indicator of how the Bahamian
tourism and hotel industries
were set to fare during the peak
winter season. Mr Smith sug-
gested that the, Ministry of
* Tourism would "immediately
go to Plan B to stimulate
increased demand" if they
turned out to be flat.
"This is happening at a tine
in tourism when, even scarier
to me, is the overbuild of hotels
across the Caribbean," Mr
Smith told Tribune Business.
"Over 80,000 hotel rooms were
built in the last two years, in
places like the .Dominican
Republic, Puerto Rico arid
Jamaica."
Such an oversupply had not
only increased competition for
the Bahamas from the visitor
choice perspective, but had act-
ed to potentially depress room
rates across the region...
Mr Smith told Tribune Busi-
ness had had met a friend at the
supermarket who had just
returned from the Dominican
Republic. The friend had told
him that to stimulate demand
during fallow times, hotel oper-


SEE page 7B


remely



session


iard' for Bahamas
predicted one per

rate for 2008


$100m plant proposal offers


dual energy/waste solutions


* By NEIL HARTNELL
Tribune Business Editor
A Canada-based
waste energy
provider is propos-
ing to construct a
six-acre New Providence plant
that will convert some 400
tonnes of garbage per day into
21 megawatts (MW) of electri-
cal power, an amount equiva-


* Canada
propose
tonnes
landfill
five per
* Project


However, while this may lent to 5 per cent of BECs cur- fully
lead to "no real grow th" in rent electrical needs. Y
reserve levels, by the same Plasco Energy Group, which of cons
token the Bahamian economy submitted the "at least" $100
had a self-correcting mecha- million proposal as its response 25% of
nism to prevent any severe to the Bahamas Electricity Cor-
depletion. Mr Smith explained portion's (BEC) renewable target
that during economic down- energy request for proposal
turns, while foreign currency (RFP) tender, told Tribune No inch
inflows might be less, outflows Business that the plant would
were also reduced due to the help address some of New Prov-
fact that import demand from idence's pressing environmental of marketing,
businesses and consumers was needs in addition to helping view that Ne
substantially reduced. develop a stable, secure ener- landfill, off
"I think we're in for a rough gy supply. Williams-Darli
ride going forward, but it Alisdair McLean, Plasco rently handle
depends on what happens in Energy Group's vice-president tonnes of garb
the US." Mr Smith told Tri-
bune Businpss. "In terms of a
recession in the Bahamas, you
have a perfect storm." November occupancy
With the US not generating
the necessary tourist arrivals
and spending,, and foreign U By NEIL HARTNELL
direct-investment.substantially Tribune Business Editor
down, the Government's
finances were also "under NASSAU/Paradise Island hotels are "still hop-
attack" due to the un-Budget- ing" to exceed an average 60 per cent occupancy
ed social assistance pro- rate for November, Tribune Business has been
grammes it was now embark- told, with the industry continuing to encounter a
ing. Fewer imports would also "depressed" business environment after a Sep-
translate into reduced govern- tember that was "one of the softest on record".
ment revenues. Frank Comito, the Bahamas Hotel Associa-
.. "Tl tibn'SjBHA't, ecltive vice-president, said it
try and kee~_iSp' iOdfking," was "still too early" to determine how strong the
hotel and wider tourism industry's performance
SEE page 7m would be as they prepared for the peak winter
period, with the upcoming Thanksgiving and


-based waste energy supplier
es six-acre site to convert 400
per day, or 50% of Nassau
depository, into 21MW and
cent of BEC's supply
could create 55 jobs and be
rational within 18 months
traction start
excess revenue above annual
vould go back to government
aeration or harmful air emissions


said in an inter-
w Providence's
the Tonique_.
ing Highway, cur-
*d some 288,000
age per year "a


little over 800 tonnes a day".
Plasco's proposal, therefore,
would extract value from almost

SEE page SB


forecast 8% below '07

Nassau/Paradise Island hotels still hoping to
beat 60 per cent average occupancy despite
'one of the softest' Septembers on record

Christmas holiday periods likely to give the best
indications of how they will fare.
"Our projections right now are to have a soft-
er US Thanksgiving than we did last year," Mr
-.e-amito.told Tribune Business. "But we're still
hoping to exceed an average occupancy rate of 60
per cent for November.
"Last year,
we ran about a SEE page 6B


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THE TRIBUNE


PAGE 2B. MONDAY, OCTOBER 20, 2008


Housing examines construction cost reduction strategies


. By CARA BRENNEN-
BETHEL
Business Reporter

THE Ministry of Housing is


investigating a number of
options to reduce the cost of
government housing and ensure
it can increase home ownership
in the Bahamas.


Kenneth Russell, the minis-
ter responsible, said the Min-
istry was looking at the use of
different technology and mate-
rials, and to redesign homes to


make them more affordable,
"In my humble opinion, an
affordable house is one that can
be purchased by our lowest
income earners," Mr Russell


said. "I always tell people I
would like to see the lady who
serves me in Burger King be
able to afford a house. It is one
that takes off all the frills and
includes only the necessities -
for example, one bath instead of
two, gable ends instead of hip
ends, no high ceilings or
garages, fibreglass shingles and
a root, only four corners, limit-
ed laundry facilities and basic-
size rooms, and as much stor-
age space as the design will
allow."
Mr Russell said his plan was
to design 'and position these
homes on a lot in such a way
that homebuyers could expand
them with little trouble.
He said that, for example, a
two-bedroom home for a young
couple was ideal because it
allows them to get into a home
right away with the intent to
make additions.
"In the future, we intend to
reduce the cost of the tradi-
tional home by using this
description," Mr Russell said.
Other plans to reduce the
cost of housing involve replac-
ing the current electrical system
and conduits, and using a mono-
lithic core for floors.
"I am convinced that the\ can
reduce the cost of construction,
increase energy efficiency
reduce construction time, can
reduce the impact on the envi-
ronment and reduce the chance
of a fire," Mr Russell said.
He added that other initia-
lives to lower construction costs


are to use steel homes similar to
steel warehouses.
"You can buy one of these
steel homes three bed, one
bath.- for about $27,000 in the
US, and all you would have to.
do is pour the floor and erect .
it," he explained. ,
While steel homes are not
aesiheticall. pleasing. Mr Rus-
sell said the\ can be finished
with siding to make them more
attlocli\e
The Nlinistry's immediate
housing priorities are the islands
of Abaco, New Providence and
Exuma, Mr Russell said.


Builders Show focuses on

energy and conservation


* By CARA BRENNEN-
BETHEL
Business Reporter

CONSERVATION and
energy efficiency will be the tbp
issues at the eighth annual
Bahamas Home and Building
this coming weekend.
The theme of ihis year's show
is Going Green, which accord-


Pnresentin


Elegant Turnkey Homes

in sOfught after Charlotte vile
---- -% ------ i -


SOLl) DIRECT TO YOU BYTHE HOMES DEVELOPER


ing to show organizer. Nikitia d
Curtis, is a time\ topic given q
the high cost of utilities and tuel.
and the efforts to preserve the '}i
planet s en% ironment.
He said that despite the cur-
rent economic climate and an :
apparent lull in construction,
many persons were still inter- n
ested in home improvements t-
and repair. -w.
". I think that despite what is-.-.
going on in the edbhtiAhypeti- "
pie are still interested in repair- -
ing their hornes and making,
them more energy efficient. S6
they are interested in learning
about how they can do this
cheaply, he said.
Mr Curtis said the show has
grown tremendously in the-past
eight years, and this year's will
be, the largest.
"We were sold out of the ini-
tial booths two weeks ago, and
are now expanding the space to
accommodate more persons
who are interested in exhibit-
ing. We have truly become the
largest home and builders show
in the Caribbean, and I think
this is evident by the huwe num-
ber of international exhibitors
that we have," he said.
This year's show is unique,
Mr Curtis explained, in that it
has a Canadian Pavilion which
will accommodate the 18
exhibitors attending from Cana-
da. They are attending as part
of a trade symposium and mis-
sion to the Bahamas, and there
will also be 16 companies from
the US.
"It speaks to our reputation
on the global market," Mr Cur-
tis said.
Coupled with the trade show
will be a series of seminars to
assist persons, covering a range
of topics including energy sav-
ings, insurance and finance and
going green,- how to conserve
the environment.
The show will be held on
October 25 and 26, from 10am
to 6pm on Saturday, and from
11am to 6pm on Sunday. The
cost of admittance is $3, with
children being ffee. All pro-
ceeds from the door will be
donated to the Red Cross fol-
lowing the custom of the show
to donate admission fees to a
local charity.
Mr Curtis added that this
year, the show will be giving.
away as door prizes vouchers
to assist persons with their BEC
bills.
The show generally attracts
5,000-6,000 persons over the
two days, and Mr Curtis said
that as usual they are especially
targeting those female home-
owners to attend.







Forthestoie
be in te ew ,
rea sig0


BUSINESS








I BUINS I lDI'LMNDY COE 0 08 AE3


BEC


to submit


report on LNG





this week


* By NEIL HARTNELL
Tribune Business Editor
THE Bahamas Electricity
Corporation (BEC) will this
week submit its report on the
merits of AES Corporation's
proposal to supply it with liq-
uefied natural gas (LNG) for
power generation.
Kevin Basden, BEC's gener-
al manager, told Tribune Busi-
ness: "We are finalizing the
report. It's just about complete
and will be submitted to the
Government next week.
"The report would look at the
overall picture from BEC's and
the Bahamas' perspective. As
it's from BEC, it will be more
from a technical perspective. It
will include all the technical bits,
operational analysis and eco-
nomic assessments, all those
kinds of things."
Mr Basden declined to com-
ment on the report's findings
and content, saying he wanted
the BEC Board and the Goy-
ernment to see and read it first.
However, it is likely to
encourage AES that some
movement however minimal -
is taking place in regard to its
proposal to supply BEC's tur-
bines at.the Blue Hills power
plant with LNG from its termi-.
nal at Ocean Cay, a man-made
island near Bimini.
The proposal would involve a
120-mile pipeline from Ocean
Cay to New Providence, con-
structed at a cost of $150-$200
million, which will be borne by
AES.
Aaron Samson, AES's man-
aging director for LNG, had.
said in June that the cost of con-


Corporation receives 30

sustainable energy proposals


verting BEC's seven to eight
combustion turbines at Blue
Hills to take LNG had been
estimated at between $1-$1.5'
million each, making a maxi-
mum total of $12 million.
He subsequently said that
even if the conversion costs
were closer to BEC and the
Government's figure of $100
million, this was still. minimal
compared to the potential cost
savings for the electricity sup-
plier.
-,- '-- .i .. ;, ,.,*..-y*,wY"-. ,-"


the AES proposal relate to
long-term LNG prices, and
whether they would increase at
the same rate and reach the
same level as oil prices as glob-
al demand increased. Such a
development would negate any
advantages from switching BEC
to LNG.
Meanwhile, Mr Basden told
Tribune Business that BEC had
#t .received about 30 proposals for
Alternative, renewable energy
supply in response to its
Request for Proposal (RFP).
The fields involved were .wind,
solar, biomass and ocean kinet-
ic energy, and BEC's renewable
energy committee was now
assessing the merits of the dif-
ferent proposals.
"It's very important for any
number of reasons," Mr Bas-
den said of renewable energy.
"One is the fact that fossil fuels
have a finite life, and the'other
Mr Samson had projected aspect is the cost of oil on the
that BEC could save between. international markets and its
$1.4 billion to $4 billion $80 volatility.
million to $210 million per "It's also the environment. If
annum in fuel costs over a 15- there is less fossil fuel used
year period if it switched to there's less emissions, and if
using LNG, based on two sets there's less oil a smaller amount
of data for future global oil of foreign reserves have to be
prices. spent on that.
He added that AES had "It's very important, as we
offered to pay BEC's conver- attempt to change our genera-
sion costs itself, yet Tribune tion mix, that we. not rely on
Business understands that the fossil fuels. It's also important
Government' concerns over .for egy; secit"..:. %


Developer signs


agreement for


Mark Knowles


Tennis Centre

A REAL estate developer, to both young and mature pro-
has signed an agreement with fessionals, "dr o
Bahamian tennis professional The Royal Bank of Canada
Mark Knowles to incorporate is the financial sponsor for the
a Tennis Centre bearing his- project, something Mr Kinsale,
name into his Prospect.Ridge- in a statement, said showed
based upscale, gated commu- funding was still available for
nity. credible, qualifying projects or
Jason Kinsale, principal of businesses.
.The Balmoral development, The Balmoral marketing
will develop the Mark campaign, including media
Knowles Tennis Centre, corn- advertising and the website
prising clay tennis courts, club- launch, will start towards the
house and pro shop, as one of end of October and the official
the many amenities and ser- opening will take place the
vices offered to Balmoral Club first week in November.
members. Despite the lack of market-
The Balmoral is an upscale, ing so far, Mr Kinsale said
gated community comprised there has already been a con-
mainly of town homes and sin- siderable amount of interest
gle family lots, with a private demonstrated by would-be
members club as its focal 'buyers of homes or by poten-
point. It is designed to appeal tia] Club member applicants.


I BCA



THE BAHAMIAN CONTRACTORS' ASSOCIATION
In Association with
THE MINISTRY OF WORKS & BTVI
Proudly Presents
THE
CONTRACTOR 1 "SEMINAR SERIES"
THRSAYOTOE R 23rd.,2008


BCPOU HALL
FARRINGTON ROAD


LECTURE #1: CONTRACT NEGOTIATION
Job Sourcing, Project Pre-Qualification
Contract Documentation
Bidding & Contract Negotiation


Speaker: PAT RAHMING (Architect)
Thursday, October 23rd, 2008 Time:

LECTURE #2: ESTIMATING


7 9 p.m


Project Take-Off, Schedule of Values
Bid Qualifications, Sub-Contractors
Speaker: PAUL WORRELL (Quantity Surveyor)'
Thursday, October 30th, 2008 Time: 7-9 p.m.

LECTURE #3 PROJECT MANAGEMENT
Monthly Valuations, Change Orders.
Schedules, Sub-Contractor Management
Speaker: JOHN MICHAEL CLARKE (Project Manager)
Thursday, November 6th, 2008 Time: 7-9 p.m.

LECTURE #4 CONTRACT CLOSE-OUT
Certificate of Occupancy, Punch List, Final Payment,
Speaker: LARRY TRECO (General Contractor)
Thursday, November 13th, 2008 Time: 7-9 p.m.

Seminar Series SponsorecALBANY DEVELOPMENT
BCA "CERTIFICATE OF COMPLETION" AT END OF SEMINAR SERIES


DYKTBBrpOBfNf^ MEANCL O LD (M) 5-99 o 5693


COMMONWEALTH OF THE BAHAMAS


IN THE SUPREME COURT


2007


-CLE/qui/No.1281


COMMON LAW AND EQUITY DIVISION



NOTICE
The Quieting Titles Act, 1959.

The Petition in The Estate of the late Margaret V. Campbell in respect of:-

ALL THAT piece or parcel of land situated in the Eastern District of the Island of New
Providence, one of the Islands of the Commonwealth of The Bahamas containing Five
thousand and Eighty-eight (5,088) square feet being bounded on the NORTH by land
owned by Doris Smith and running Eighty two and fifty three hundredths (82.53) feet
on the EAST by land owned by Anthony and Helen Carroll and running thereon Sixty-.
eight and Seventeen hundredths (68.17) feet on the SOUTH by land owned by Faye
Ramsey and running thereon Eighty hundredths and Fifty seven (80.57) hundredths
feet and on the WEST by Fowler Street and running thereon Fifty seven and Two
hundredths (57.02) feet.

The Petitioner claim to be the owner in fee simple estate in possession of the parcel
of land hereinbefore described and free from encumbrances. The Petitioner has made
application to the Supreme Court of the Commonwealth of The Bahamas under Section
3 of The Quieting Titles Act, 1959 to have their title to the said land investigated.

Copies of the file plan may be inspected during normal hours at:-
1. The Registry of The Supreme Court; and

2. The Chambers of Messrs. Ferreira & Company # 38 Kemp Building East
Street, North.

NOTICE IS HEREBY GIVEN that any person having dower or right to dower or
any adverse claim or a claim not.recognized in the Petition shall before the 29th day
of November, A. D., 2008 file in the Supreme Court and serve on the Petitioner or the
undersigned a Statement of such claim I the prescribed form, verified by an Affidavit
to be filed therewith. Failure of any such person to file and serve a Statement of such
claim on or before the 29thday of November A. D., 2008 will operate as a bar to such
claim.

FERREIRA & COMPANY
Chambers
#38 Kemp Building
East Street North
Nassau, The Bahamas


I


MONDAY, OCTOBER 20, 2008, PAGE 3B


I Mi-. I rIlouli-








PAGE 4B, MONDAY, OCTOBER 20, 2008 THE TRIBUNE


THE Nominations Commit-
tee for this year's Financial Ser-
vices Industry Excellence
Awards has submitted its slate
of approved nominees to the
2008 Blue Ribbon Panel,
They are:







Large private estate in Nassau seeking a. Head Engineer capable of
effectively managing the estate. Candidate must have certification/
experience in engineering and be able to maintain all equipment on the
estate. Previous experience working with large private estate, small luxury
hotel or embassy essential. Applications and resumes should include
reference from previous three employers. Send resume, certificates and
-- AI ...e .. . .' ,


A leading retailer is seeking applications for the position of
SBOOKKBPER/ASSISTANT ACCOUNTANT

REQUIREMENTS
Applicants should possess the following:
Experience in the field of Accounting or Bookkeeping
An energetic personality
Strong Interpersonal Skills
Good Organizational Skills
Computer Literacy (Microsoft Office Suite)
* Willingness to work flexible hours and weekends
* Experience in Payroll preparation, would be an asset

RESPONSIBILITIES. ,
The successful candidate will be -responsible for properly preparing cheques,
maintaining general ledger with QuickBooks, Bank reconciliation, payment of salary
maintain-and reconcile current payable and receivable listings, reconciling credit cards
spreadsheets, resolving accounting queries.-

REMUNERATION
We offer in return an excellent remuneration package, inclusive of medical and life
insurance.

Interested persons please forward your resume to:
The Human Resources Manager
P.O. Box N-623
Fax: (242) 322 607-
SEmail: hlluxuryretaillimited.c m


ABIFS accounting and report-
ing specialist
UBS Trustees (Bahamas)
Marietta Ametia Russell,
computer operator, data centre
Bank of the Bahamas Inter-
national
Professional of the Year
Francia Arscott, staff
accountant
Arner Bank & Trust
Ophira L. Bodies, head of
back office
GEM Global Equities Man-
agement S.A.
Kathryn.Feder, location
head credit risk control
UBS (Bahamas)
Jillian J, Ferreira, project
manager/senior network admin-
istrator
Bank of the Bahamas Inter-
national
Jacqueline N. Hunt, CPA,
V.P. and head of compliance
Pictet Bank & Trust
Keiko Kawaguchi-Fleming,
programming specialist
Bank of the Bahamas Inter-
national
Berthia E. Knowles, assis-
tant branch manager, credit


Bank of the Bahamas Inter-
national
Jan Marie Whyms, ACIB,
senior trust relationship man-
ager
SG Hambros Bank & Trust
Executive of the Year
Sharon Ena Brown, man-
aging director
FirstCaribbean International
Bank (Bahamas)
Beverley Farquharson,
ABIFS, deputy managing direc-
tor-operational
Bank of the Bahamas Inter-
national
Dorothy Hilton, director,'
trust and fiduciary services
SG Hambros Bank & Trust
Tanya C. McCartney, man-
aging director
RBC FINCO
Toby Smith, managing
director
GEM Global Equities Man-
agement S.A.
Financial Services
Development and
Promotion Award
Bahamas First First.
Response initiative
Fidelity Bank (Bahamas) -


MoneyBack Mortgage initiative
The Bahamas Financial Ser-
vices Board's (BFSB) chief
executive and executive direc-
tor, Wendy Warren says the
programme, introduced in 2001
as an integral part of the organ-
isation's Financial Centre Focus
(FCF) outreach, is designed to
-recognise role models in the
industry for outstanding per-
formance and contribution to
the growth and development of
the sector.
Also to be recognized at the
upcoming Awards Ceremony is
Ruth Millar, former Financial'
Secretary in the Ministry of
Finance, the Recipient of BFS-
B's Lifetime Achievement
Award.


- SUNSHINEINSURANCE
,wmwMARSH






E I..M RACOL E-..E G


Essay Contest Rules:
* Essay should be 3 to 5 pages, double
spaced, 12 point font
* All submissions must include the entry
form found on www.ecsife.org or at
Sunshine Insurance 's office at
Sunshine House, Shirley Street
* All entries are due via email lo
ElmiraCollegeSIFE@gmail.com or in
hard copy to Sunshine HoJse no later
than October 22,2008
* The top 10 finalists will present their es-
say ideas before a panel cf judges on
Saturday, November 22 at Sunshine
House
* Applicants must have a minimum grade
point average of 2.5 on a 4 0 scale


reerefr nce~s to.: .


HEAD ENGINEER
P.O. BOX N-7776 (SLOT 193)
NASSAU, BAHAMAS


NOTICE
NOTICE is hereby given that HERVENS JEAN-JACQUES
of BLUE HILL ESTATES OF 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 18TH day of.
OCTOBER 2008 .to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas:


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.


All alcoholic beverage servers agree:
Customer safety comes first.


Introducing the L.A.S.E.R Programme an Alcohol Safety Programme
designed to bring awareness and much-needed positive action to the
subject of responsible service and use of alcoholic beverages. Bartenders,
Waiters, Waitresses, Bar-Backs, Retail Sellers, Bar Owners, Managers
and person seeking promising careers in these key areas get your Alcohol
Server Certification today: all persons involved with serving alcoholic
beverages have a pressing need to ensure their customers safety. The
L.A.S.E.R programme teaches you how to Assess your Customers,
Prevent DUIs and underage drinking, Laws and Enforcement
Practices, Sanitation and Safety, Responsible Alcohol Service,
F.E.A.R Method and more..

Earn a professional Credential, Increase your earning power, Increase
recognition and respect as a leading professional while promoting
. responsible alcohol service and consumption. Certification is approved
by the Ministry of Education of The Bahamas. Interested persons should
enroll now. Classes begin November 10th 2008.


S Alcohol Servers Certification
National Casino & Bartending School
Joe Farrington Rd. Phone: 324-2311
Email: natcasinobs@yahoo.com


Financial awards





nominees unveiled


PAGE 4B, MONDAY, OCTOBER 20, 2008


THE TRIBUNE










THE TRIBUNE


MONDAY, OCTOBER 20, 2008, PAGE 5B


1 I I IThe Bahamian Stock Market
FINDEX 870.23 (.5.67%) A-TD
X SI CLR vii NGCHv ANGE OL Cn u %T ur


* By RoyalFidelity Capital
Markets

IT was a moderate trading
week in the Bahamian stock
market, with investors trading in
six out of the 24 listed securities.
Of these five declined, and one
remained unchanged.

EQUITY MARKET

A total of 60,706 shares
changed hands, representing a
significant decline of 59,174
shares, or 49.36 per cent, ver-
sus last week's trading volume
of 119,880 shares.
Commonwealth Bank (CBL)
was volume leader for the see-


ond consecutive week with
39,257 shares trading, tle stock
falling by $0.10 or 1.36 per cent
to close at $7.27. FOCOL
Holdings Company (FCL) fol-
lowed with 13,000 shares trad-
ing, the stock declining by $0.05
to end the week at $5.20. Some
5,000 shares of FirstCaribbean
International Bank (Bahamas)


(C
dec
cei
J
(JS
of
2,0
or
we
(C.


International


FOREX Rates

CADS
GBP
ELUR


Commodities


with 1,200 of its shares trading,
falling by $0.01 to end the week
at $14.14.

BOND MARKET
No notes traded in the local
market this week.

COMPANY NEWS


IB) also traded, the price Earnings Releases
creasing by $0.10 or 0.85 per Commonwealth Bank
nt to end the week at $11.60. (CBL) released its unaudited
J.S. Johnson & Company financial results for the third
3J) Wvas the largest decline quarter ended September 30,
the week with a volume of 2008. For the first nine months
00 shares, dropping by $0.45, of the year, CBL reported net
3.93 per cent, to end the income to common sharehold-
ek at $11.45. Cable Bahamas ers of $33.6 million, represent-
AB) also declined this week, ing an increase of $2.7 million or
8.7 per cent in comparison to
the same period in 2007.
For the third quarter, CBL
l M markets reported net income of $12.1
million compared to $11..7 mil-
lion in .the 2007 third quarter,
TWeekl 0%Change an increase of $388,000 or 3.3
per cent. ,Net interest margins
1 7(S -0.73 were positive, with net interest
1.7763' -1.7 income of $25.7 million increas-
1.2 43 -.53 ing by $2.2 million or 9.5 per
cent over the 2007 third quar-
ter.
CBL's loan loss provision of
$2.9 million increased by
Weekly .,,Change $641,000 or 29 per cent quar-


ter-over-quarter, with manage-
ment indicating that its aggres-
sive provisioning policies result-
ed in a strong balance sheet.
The bank's non-interest expens-
es of $13.2 million increased by
$1.3 million or 10.6 per cent
over the 2007 third quarter, due
primarily to higher general and
administrative costs.
For the first nine months of
2008 earnings per share grew
from $0.31 to $0.34 in compari-
son to the prior year, increas-
ing by $0.03 or 9.68 per cent.
Despite the worldwide eco-
nomic crisis, CBL reported that
its third quarter results sur-
passed that of the prior year
when the economy was a lot
stronger.
CBL's total assets and liabil-
ities stood at $1.3 billion and
$1.1 billion respectively, com-
pared to $1.2 billion and $978
million at year-end 2007. For
the most recent quarter, CBL
stated that total impaired loans
at 1.4 per cent of its loan port-
folio is well below the industry
average.
CBL also reported that capi-
tal ratios remain well in excess
of regulatory requirements, with
total equity exceeding $212 mil-
lion.


SYMBOL PRICES
SYMBOL PRICE


AML
BBL
BOB
BPF
BSL
B WL
CAB
CBL
CHL
CIB
CWCB
DHS
FAM
FBB
FCC
FCL
FCLB
FIN
ICD
JSJ
PRE


$1.71
$0.89
,$7.64
$11.80
$14.60
$3.49
$14.14
$7.27
$2.85
$11.60
$2.57
$2.77
$8.06
$2.37
S0.40
$5.20
$1.00
$12.00
$8.20
$11.00
$10.00


L.IUtL 1J WLUITE '.


$-
$-0.10
$-
$-0
$-
$-



5-
$-0.01
$-0.10
$-
$-0.10
$+0.01
$-
$-
$-
$-
$-0.05
$-
$-
* $-
$-0.45
$-


0
0
0
0
0
0
1,200
39,257
0
5,000
0
0
0
0)
u
13,000
0
0
249
2,000
0


ilT rI MEIL
CHANGE


3.010
4.71o
-20.50%o
0.1100o
0.0000
-4.64c,
17.34o
-13.76o
-9.520o
-20.55o
-49.01o
17.87%0
11.940o
-10.57%o
-48.050"
0.390o
0.000
-7.3400o
13.10o
0.00(1
0.000o


DIVIDENDIAGM NOTES:
Consolidated Water Company BDRs (CWCB) declared a
quarterly dividend of $0.013 per share, payable on Noember 7,
2008, to all shareholders of record date September 30. 2008.
RND Holdings (RND) announced it will be holding its
Annual General Meeting on Wednesday, October 22, 2008, at
6pm at the British Colonial Hilton, Nassau, Bahamas.
PRIVATE PLACEMENT OFFERINGS:
FOCOL Holdings (FCL) announced it will be extending the ,
deadline of its private placement offering. The preferred shares
wilU be paying a dividend rate of prime + 1.75 per cent, paNable


1.89
2.17


-2.09
-1.53
-2.01
1 55


NAD
Nassau Airport
Development Company


* . .
~
'A ~ .~


LYNDEN PINDLING INTERNATIONAL AIRPORT EXPANSION

The Nassau Airport Development Company (NAD) is about to embark on a transformation of the
Lynden Pindling International Airport in Nassau, The Bahamas.

The design will evoke the spectacular beauty ofThe Bahamas and the mission of NAD is to operate
the airport to be safe, friendly, clean, efficient and profitable with a local sense,of place.

NAD invites interested Contractors and Suppliers to attend a Contractors Briefing to review
impending expansion plans. The airport will be expanded in 3 stages over the next 5 years and
will generally include:

Stage 1
New US Terminal & Pier 247,000 sq. ft.;
Approximately 1,000,000 sq ft of new Asphalt Apron;
New parking facilities and roadways;

Stage 2
Selective Demolition & Construction of New International ArrivalsTerminal and International
Departures Pier 226,000 sq. ft;
Approximately 200,000 sq. ft of Asphalt Apron Rehabilitation;
Removal and rebuilding of existing parking facilities;

Stage 3
New Domestic / International Departures Terminal and Domestic Arrivals 112,000 sq. ft;
Approximately 30,000 sq. ft of Asphalt Apron Rehabilitation; and
Minor landside improvements

Other components of the project include:
Demolition
Landscaping
Apron Drive Bridges
Elevators and Escalators
Baggage and Building Systems


A presentation will be held at 1 pm EST, October 21, 2008 In Salons I, II & III ofthe Wyndham
Nassau Resort & Crystal Palace Casino West Bay Street, Nassau, Bahamas and will also review
construction, safety/security and environmental requirements for the Airport Expansion Project.


We look forward to seeing you there.


Crude Oil
Gold


$n4 19
$4 "1.30


International Stock Market Indexes:


RChange


DJIA
S& P54
NASDAQ
Nikkei


101,410.59
1,215.29
2,116..s4
13.159.36


NOTICE OF RECEIVERSHIP


NEW HOPE HOLDING COMPANY LIMITED




NOTICE is hereby given that NEW HOLDING
COMPANY LIMITED, a company incorporated
under The Companies Act, has on the 2nd day of
October, 2008 been placed into receivership by the
Supreme Court upon the Ex-Parte Summons filed on
30th September, 2008 and be advised that PHILIP
GALANIS of HLB Galanis Bain has been appointed
the Receiver and Manager of the property and assets of
the company.


is presently considering applications
for the following position:




CHEF

This position is open to candidates with the
following qualifications:

- A high school diploma is required.
- Training at the Hotel Training College or
equivalent training in the culinary arts.
- .Three years experience as a Chef.

Personal Attributes:

- Must be able to work shifts and weekends.
- Must be flexible, a quick learner and
adaptable to change.

Applicants must be Bahamian citizens or
U.S. citizens who are eligible for employment
under Bahamian laws and regulations.

Please submit resume and three references
via e-mail fernanderra@state.gov
addressed to the Human Resources Office
no later than Friday, October 24, 2008.

Telephone calls will not be accepted in
reference to this advertisement.


I


4t,.l,,,,l v.
x w N. ING'
CLA'Sl
A: wl.
MA, iliS




L
...... ....
FU!,!Ped
Dining nd Fa:i`m:i:fl 7' -T,4S4. Ft'.),
a:..,-.'; V.
-air-conditioned,,J
f ence. rea.,
,`,43m 0 N.
45:

"N

O.avl
'.a
TA
Job
T
. ... . . ...
t







THE TRIBUNE


PAGE 6B, MONDAY, OCTOBER 20, 2008


November occupancy


FROM page 1B

69.2 per cent average occupan-
cy rate for November for the
Nassau/Paradise Island resorts.
This year, it was forecast at
about 61 per cent a month ago."
That would still leave the
Nassau/Paradise Island hotel
industry more than 8 per cent
down on average occupancy
performance compared to
November 2007, although some
properties are likely to fare bet-
ter than others. Mr, Comito,
though, attached a health warn-
ing to the November prediction,
which includes the Thanksgiv-
ing holiday period.
He explained that the hotel
industry had "been in a pattern
for the last couple of years now
of last-minute bookings" from
its clients.
With some travellers waiting
as late as a week before book-
ing their Bahamas vacation, it
was highly difficult for resorts to
forecast their economic perfor-
mance in advance, meaning that
November could turn out better
than forecast at the last minute.


Apart from the uncertainties
caused by the US economic
downturn and stock market
meltdown, another issue poten-
tially impacting American trav-
eller psychology was the forth-
coming presidential election,
which will be over come the
Thanksgiving and Christmas
periods.
Those two holidays mark the
start of the winter season for
the Bahamian tourism industry.
Once the Christmas/New Year
period is over, a short and slight
lull is traditionally experienced,
with the burpper months for the
hotels being the February-April
period inclusive of Easter.
"Certainly, this is peak period
for us, and we are hopeful we
will generate a good level of
activity," Mr Comito said of the
winter period. "The challenge
for us is to sustain that activity
over the whole winter/Spring
season. It's still too early to get
a read on what kind of activity
we're going to generate."
The Bahamian resort industry
is hoping that with the US pres-
idential election out of the way,
the worst of the fallout from the


credit/liquidity crunch, stock
market crash and economic
downturn will be over, and
Americans who make up
almost 85 per cent of the
Bahamas' visitor base will
start travelling again, aided in
part by an almost-50 per cent
fall in global oil prices. That, it is
hoped, will have the knock-on
impact of reducing air fares and
enhancing disposable income.
Mr Comito said the hotel
industry and Ministry of
Tourism were "trying to work
with the airlines to create a
more competitive fare struc-
ture" and reduce airlift costs
coming into the Bahamas.
Such moves had already
induced Jet Blue to unveil a
new twice daily service to Nas-
sau from Fort Lauderdale, and
a once-daily service from Orlan-
do, both beginning on Febru-
ary 1, 2009.
"There are other discussions
ongoing," Mr Comito said.
"Hopefully, these things will
bear fruit." However, he added
of September 2008, which is tra-
ditionally the slowest month in
the tourism calendar: "It's one
of the softest on record. It'll
likely go down as the softest on
record."
Robert Sands, Baha Mar's
senior vice-president of public


Hi, am Terez Rolte, a Governor-General's Youth Award Bronze
Silver and Gold recipient;
Math Teacher, CV. Fefle. Hir School
I joined the program back in 1995 House Coordinator and Year Head C,,r, .r,,t or
because it was something that I saw that
could be a lot of fun and challenging. ,.

To this day I am still involved in the program ,- a .
but this time as a Volunteer, ., -
I volunteered to give back to the programme
|- oso that other young people can.enjoy some
of the same experiences and .. f
fi opportunities that I was afforded through the
programme.

.Ts Time



Hi, I am Donna Saunders, St. Augustine's College school nurse and
Govemor-Generars Youth Award unit leader.
My son Dontae, a somewhat reluctant
; participant, had just finished his gold qualifying
expedition to St Vincent so I knew a little bit about
the Award and decided that I could not let the
;| program die so I took over after the leader had to
give it up.
I guess I didn't really volunteered, I just did what I
had to do and like the trooper that I am, I give it ,
my all.
So here lam, ENTRENCHED in this program that I fell into, and I
K- -guess loving it
-"'. It's Time-.,To Get The Award'

Call 326-1760/1
Sww.vbaharnas3Q.acr
I '











NOTICE



The payment of Long-Term Benefits and Assistance in New Providence for October 2008
will be made as follows: .

i) On Tuesday. October 21, 2008, for pensioners whose funds are deposited to their
bank accounts; and

ii) Beginning Thursday, October 23. 2008 at the Board's Fox Hill, Wulff Road and
Jumbey Village Local Offices. Cheques may be collected from these offices between
the hours of 9:00 a.m. and 4:00 p.m.

Pensioners and/or their representatives are required to produce proper identification in
4 order to collect their cheques.

Acceptable forms of identification for Pensioners are the National Insurance Registration
Card, together with any one of the following:
1. A Passport;
2. A Voter's Card; or
3. Any other document which establishes, conclusively, the identity of the claimant.

Where the Pensioner is sending a Representative to collect his/her cheque, the Repre-
sentative should present an Authorization Form, completed by the Pensioner, or a letter
from the Pensioner authorizing the Board to release his/her cheque. Additionally, the
Representative should present any one of the above-listed items to identify himself/her-
self. Cheques will not be released to Representatives who fail to provide satisfactory iden-
tifying documents.

Please Note: Pensioners born in October and April are now due for Verification.
Failure to be verified on-time, will result in the suspension of payments.


A leading jewellery retailer is seeking a person for this senior position.
StoreManaer


The successful candidates will be responsible for ensuring sales and profits are
optimized through excellent customer Service and proper maintenance of inventory
controls according to established company procedures.
The ideal candidate should possess:
Integrity, Energetic motivational skills and Assertiveness
A minimum of 5 years management experience in the jewellery,watch and
luxury goods sectors
Strong knowledge of luxury watches, buying, merchandising, selling
and repairs.
Ability to manage, train and motivate staff.
An eye for detail.
Good educational background. Professional qualification (GIA or
equivalent) or suitable work experience would be an asset.
Proven skills in inventory management, merchandising, marketing
and training
Ability to prepare basic accounts, budgets and assist with
external audits.
Ability to prepare, maintain, and update operating manuals and
procedures.
strong knowledge of computers and administration.
Ability to prepare matters for senior management and lead
discussions.
The position offers an excellent remuneration and benefits package.
Interested person should submit your resume to:

The Human Resources Manager
P.O. Box N-623
Nassau, Bahamas ,.
Fax(249)-328-4211''



THE DEPARTMENT OF STATISTICS
AV ERAGE QUARTERLY PRICES FOR SELECTED ITEMS; NEW PROVIDENCE:
SELECTED QUARTERS 2006 2008


ITEM I UNIT 2006 2007 2008
3rd 3rd 3rd,
_______quarter quarter quarter
Cabbage lib 1.18 0.88 0.94

Tomatoes I lb 1.10 1.9 2.10

Sweet peppers 11lib 2.09 2.08 2.94
Letluce A head 2.69 2.12 2.24

Roast beef TLb 3.78 3.99 4.36

Fresh and frozen 1 ib 86 .1.96 2.23
chicken parts ____ __.. ..__
Conch lib 6.43 7.26 ,7.49

Ground beef 1 lb 2.67 2.64 3.21

Liquid and other Each 2.59 2.90 3.20
fuels _______


HIGHLIGHTS


The price for fresh and frozen chicken parts has been steadily increasing over the
past three years. Between the third quarters of 2006 and 2007, the price increased
5% with a further increase of 14% between the periods of2007 and 2008.





The cost of conch, a local delicacy, increased 17% over the recognized quarters of
2006 to 2008.





Sweet peppers come in a variety of colors and shapes. During the third quarters of
2006 to 2007, the price for this item decreased 0.5%; however, during 2007 to
2008, the price escalated by 41%.


Visit the Department Of Statistics on the world wide web @ statistics.bahamas.gov.bs


Ap


I


^^^^^^^^**I^H|^___Hj^~BUIESS^HHIHBHHIHH~


and governmental affairs, said
occupancy rates at the compa-
ny's two Cable Beach proper-
ties were fluctuating between
the "high 30s and low 40s"' in
percentage terms.
Usually at this time of year,
their occupancy percentages
were "as high as 10 points high-
er or even higher", another indi-
cation of how the Bahamian
resort industry has been impact-
ed by external events.
"Business is still looking very
depressed," Mr Sands said.
"Certainly, for the rest of Octo-
ber and advance bookings for
the rest of the year, it's very
slow. The phones are not ring-
ing at all."
The main issue, the Baha Mar
executive said, was US con-
sumer confidence, which
according to reports on Friday
had suffered its biggest plunge
for decades during the month
of October as stock market
wealth was also eroded.
Until US consumer confi-


dence was restored, Mr Sands
said the Bahamian hotel indus-
try would continue to suffer
and, as a result, needed to do
something "creative" to try and
regain the growth momentum.
Bah Mar's staff, who total
almost 1,900 between the Sher-
aton and Wyndham resorts, are
now all oq two and three-day
work weeks "across:the board",
much like their colleagues at
other properties. Workers at
Kerzner International's Mari-
na Village have also been on
two and three-day work weeks
by many tenants there, it is
understood.
"It's very difficult to say what
the future will bring. There's
tremendous uncertainty," Mr
Sands told Tribune Business.
"We remain very dedicated to
doing our best to generate as
much business as we can, and
provide the service necessary
to the guests we have."
While occupancy levels
achieved oler the Thanksgiv-


ing and Christmas holiday peri-
ods were likely to "give an indi-
cation generally of how the
business environment is", espe-
cially when measured against
prior year comparatives, Mr
Sands said they were "two par-
ticular time periods" and could
not be used as measurements
of how the industry's full Winter
season would pan out.
Mr Comito added: "Every
one of us has to sell the
Bahamas with great due dili-
gence. Every one of us, wher-
ever we are in the chain of the
visitor experience, has to offer
the best type of service and be
as efficient as we can regardless
of our position.
"It's every one of us, whether
it's the people working at the
airport ensuring a good arrival
and departure experience, or
whether it's people working in
the banks and the supermar-
kets. Visitors are watching how
we interact with each other, as
well as them.".


I


r-


* ...










THE TIBUN MONAY, CTOBE 20,2008UPAGNESS


White House aide






says parts of US





in recession


WASHINGTON (AP) -
One of President Bush's top
economic advisers said Sunday
that parts of the country proba-
bly already are experiencing a
recession and it could take a
few months before the clogged
credit system starts working
again, .
Many analysis predict the
economy could contract over
the final three months of this
year and in the first 90 days of
2009; That would meet the clas-
sic definition of a recession -
two consecutive quarters of eco-
nomic contraction. Some eco-
nomic analysts say the sagging
economy already is in recession.
The White House has been
loath to use that word, both
because the technical definition
has not been met and because it


FROM page 1B


Mr Smith said. "I think we've
got to sit down, roll our sleeves
up and conduct some 'what-if'
analyses. If we lose 10 per cent
of GDP, what v ill IN the impact
on unemployment and the tax
structure."
With the Bahamas heavily
rclia:r on the US for its own
econ1.nicc perl'onancc and


carries such negative weight Lazear gave a slightly more
Speaking in a broadcast inter- specific time frame, saying it
view Sunday from California, would take "a few months
the chairman of the White before we really see a signifi-
House Council of Economic cant impact."
Advisers noted that national "'ut we've seen impacts
unemployment stands at 6.1 ;::already," he said. "What we're
percent. Ed Lazear said some I seeing is that banks are now
parts of the country, such as willing to lend to one another.
California, have even higher That's a huge plus for the econ-
rates of people out of work. omy because the big problem
"We are seeing what I think has been that banks have been
anyone would characterize as a unwilling to trust one another."
recession in certain parts of the Democratic lawmakers plan
country," Lazear said. .' to consider a postelection stim-
The White House and Con- ulus package that could cost as
gress hope a $700 billion rescue :.much as $150 billion. Lazear
plan will inject cash and confi- said some of the ideas being
dence into the lending industry proposed, such as road and
and recharge the economy. bridge projects, are too slow.
Bush repeatedly has told the and too focused on one industry
nation that it will take a while to give the economy a boost.
for credit lines to thaw. "They may be good policy.


gross domestic product (GDP)
growth, Mr Smith said prospects
for 2009 a year in which the
IMF had predicted 1.2 per cent
GDP growth for the Bahamas -
did not look good as a US reces-
sion was expected to last well
into 2009.
All US economic indicators
were negative, especially con-
sumer confidence, and from the
Bahamian perspective that was
translatijqgrotp iediced tourisit-
arrivals and spending,-and an


increase in this nation's unem-
,ployment rate.
Mr Smith said that "it's
adding up" for the Bahamas,
because apart from'the tourism
iand foreign direct investment
downturns, this nation had also
seen the likes of Bacardi and
Pepsi-Cola move to close their
operations, the construction and
real estate sectors were experi-
encing their own slowdowns,
- and resort workers were on two
to three-day weeks.


Caribbean oversupply'

tQ impact tourism plans
"' 'an


FROM page 1B

ators there were literally "giving
away" rooms, with packages for
a "place on the beach" being
priced, as low as $700 for a six-
night stay.
Although the global oil
price's retreat to below $80, per
barrel would help reduce fuel
costs and potentially air fares
on routes into the Bahamas, Mr
Smith said that a reduction in
what is essentially the cost of
access or 'entrance fee' to this
nation may be offset by other
factors.
"I believe the reduction in air
travel costs based on proximity


may not be sufficient to over-
come these 80.000 rooms they
are giving away," Mr Smith
said. For that reason, he sug-
gested Mr Vanderpool-Wal-
lace's plan was more likely to
generate success over the medi-
um to long-term, rather than
generate short-term improve-
ments.
Many Bahamian resorts were
offering cut-priced packages to
encourage visitors during these
economically depressed times,
but Mr Smith pointed out that
these contrasted sharply with
the five-star image this nation's
resort image sought to project.
The type of tourist it attracted
was also often at odds with the


resort and tourism industry's
image.
"It can work against you,
because if you sell a $300 room
at $95 for too long, it becomes a
$95 room," Mr Smith said.


That's something that Congress
has to decide," he said. "But we
can't really think of that as a
stimulus that's going to get the.
economy turned around in the
short run." Lazear spoke on
CNN's "Late Edition."


INTERNATIONAL BUSINESS COM
(No. 45 of 200

BIIFFAR LIMII


Notice is hereby giv en that in accordant
of the International Business Companie
of 2000, the Dissolution of BRIFFAR L
completed, a Certificate of Dissolution I
Company has therefore been struck off t
of completion of the dissolution was the
2008.

1 I
'i .s .. ..


The National Insurance Board

will conduct.free

Seminars for Employers & Self-Employed Persons
for the remainder of 2008 as follows:

Tuesday, October.28
Tuesday, Novirmier 25



Sdc ,ns will be held from 9:30 a.m. to 1:00 p.m. in the Training Room of
N.I.B.' \\'ulfft R a'Id C('ompIi'x, \Xulff Road l Nl Minnie Street

Rc/,''s,ve.'s nil// h serr'c'd


Seminar Description
F,,., ri ot ,,-i/, tic sft-f i"on I pI'r cn Who/e norks a/one, the e, mp/1el ro f a
/t jrf t rsous, /,l i/( p,'rsou roponds/ /" /or Ith prvmet/i of iontriblirns on brhe/l/ of *.
a,' ,/:it\'er o/ /.'onsands. 'le Seminar ni//ll,'e an otvrrien.w o] I/he Nirioia/l
l,'.<:,a uf ,ro.aJ'h/y// in.i/.7/' 1) iil< li'nefis iand .Usis tawe.pr t- :gra mes.
.'fpi'or I'A sctpe' ul :ptand i, / /.t A "/ /'""ul/ l1.1af ei 7n/ ..elo.y" :
t./r C,'lnv!b .

,,st/,,' v a.rlod/ or 'o,'tl rus ,/bou/ )h& mon//h,, paymrnt of conhiibulians or o(th
,adm inuti./ tt/ir opliii na is',,. /s, a/will.r o be addressed. -


Persons intrrcsrcd in attending a Seminar .
should reserve a space by calling rhe
Board's Public Relations Department
at 356-2070, ext. 236/234/232


4"'
a -.






*1


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i* 1.



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NOTICE

IN THE ESTATE OF VINCENT YELVERTON
D'AGUILAR late of "The Eyrie" on Cable Beach
in the Westemr District of the Island of New:
Providence one of the Islands of the Commonwealth
of The Bahamas.
Deceased.'


NOTICE is hereby given that all persons having any claim or demand.
against the above Estate are required to send the same duly certified in
writing to the undersigned on or before the 10ddayofNovemnberA.D.,
2008 after which date the Executrix of the.Estate will proceed to distribute
tie assets having regard only to the claims of which she shall then have: :
had notice.


AND NOTICE is hereby also given that all persons indebted to the
said Estate are requested to make full settlement on or before the date
hereinbefore mentioned. .

ALLAN J. BENJAMIN
Chambers
Aurora House
Dowdeswell Street & Dunmore Lane :
P.O. Box N-102.
Nassau, Bahamas

Attorney for the Executrix

i


A global leader in audit, tax and advisory services : "

Manager, Restructuring

the Maiagei- will report to the Directors of KPMG Restructuring Ltd.. The role has primary responsibility
for managing a-portfolio of liquidation and corporate restructuring clients. .

Specific duties include managing: "
S.liquidation cases, including both voluntary liquidations and court appointments !
--a restructuring engagements for lenders, providing independent business reviews of borrowers'
businesses, and assisting lenders in developing and implementing options with respect to their
financial exposure to such borrowers
restructuring advisory services to companies with financial issues
complex and lengthy litigation issues in several jurisdictions
a portfolio of restructuring clients, including financial matters such as work in progress, and:
accounts receivable
restructuring professionals in their work, and involvement in the internal performance appraisl-
process
business development initiatives

Applicants must be a university graduate and a member of a recognized accountancy or insolvency boy ii'
addition to holding a minimum of five to seven years relevant work experience, with preferably three or
more of those in a restructuring role at a comparable level. This position requires attention to detail, strong
financial and writing skills, the ability to work at one's own initiative, and the ability:: to meet tight
deadlines.


KPMG offers a competitive compensation and benefits package inclusive of medical and pension plpas ,

Applicants should submit a cover letter, resume, a copy of their degree and professional certifications and a copy of their tranqsripts to; :PG
H rnan Resources Manager; P.O. Box N123, Nassau, Babamas or ia!iqhtbourne( mg1a.com.bs no later than Friday OQtobet 31. 2008 '


AUDIT TAX ADVISORY

2008. KPMG, a Bahamas partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International i
Swiss cooperative. All rights reserved., '".


MONDAY, OCTOBER 20, 2008, PAG.....


WPANIES ACT. 2000'


E ../" ' A.':


;e with Section 138 (8)
s Act, 2000,No. 45
LIMITED has been ;
has been issued and .he .
the Register. The date .
6th day of October,






,


clos' t ..rcesion


iii


I


THE TRIBUNE .



















BUBC AUCTION


nI T.I iI Il TTY-,O'i C Ko11 ] W1 A i IJUll


By Order of
The Bahamas Development Bank
Cable Beach, Nassau, The lahamnas
Commonwealth of The Bahamas


L. G. STUBS WILL SELL


fJlever (11) assorted used vssels as set out in.the
schedule below:


L


NAME


Der Berry's
Shabak
Liminos


LOCATION


Potters Cay
Potters Cay.

rnCa Hn bitr


a.ro. auiui r oluuu
M.V. Buddy Arawak Cay
Miss Quality Potters Cay
Equality Owner/Andros
.Lady Kristy Owner Possession

Sweet Charlotte Owner Possession,
Morgan Bluff
Andros
M.V. Lisa HII Bradford Marine
Freeport


S1990 34' Offhore VesseL
1977- 53'Defender
1992 45' Defender Vessel
1989 148' NorthCarolina
1979 52' Hatteras Fibre Glass Vesiel
1980 47'Garcia
1981 51'Defender Vessel
.80' Custom Steel Hull Vessel
94' Steel Hull Gulf Coast Shrimp Trawler
1980 with two (2) Volvo Diesel Engine


122' Single Screw Steel Hull (1960)


LOCATION: Potters Cay Dock Nassau, The Bahimas,
TIME: I .(K0am Saturday, October 25th, 2008- Preview and Inspection from 9.00am Until Auction time (
the site. .
TERMS: ALL items to be Sold Where Is As Is for Cash, Cashier' Check or current Bank Guarantee Letter.
Purchase will not be released until paid for in full not later than 4:00pm Tuesday, November 4th, 2008. Where
a deposit is required, the same is non refundable. If final payment is not made by 4:00pm Tuesday, November
4, 2008 any and all deposits made will be forfeited. "

Any and al Notices or amendments by Auctioneer on said Auction Day whether written or verbal shall supercede
this or any subsequent advertisement.

For fIuther Ifb atDo contact L G. Stubbs at 322-2028 or Fax: 328-4.6 orEmail; itubbs@coralwave.com
Bahamas Development Bank
At (242) 327.5780/702-573702.5724
Or Fax (242) 702-5730 email: BahamasDevelopmentBank.com
I.G. STUBBS

PUBLIC AUCTIONEER LICENSE #0360


PAGE 88MONDAY, OCTOBER 20, 2008


$100m plant proposal


offers dual energy,


waste solutions


FROM page 1B

50 per cent of the daily and,
yearly garbage depository at the
landfill by converting it into
energy without incinerating it -.
a win-win for both energy sup-
ply and its consumers, plus the
environment.
"What we proposed to BEC
is to build a plant with 400
tonnes of capacity, so that a net :'
21MW of power" is generated,
Mr McLean told Tribune Busi-
ness. "That's 5 per cent of the
initial capacity of BEC.
"If you think about it from
the power perspective, that's 5
per cent of the power base load.
It [the Plasco plant), and is not'
dependent on wind or sun. We
could build at. the landfill and
connect to the distribution grid
there." ., .
He added'that the plant's six-
acre spatial needs were "very
small for a-power producer",'
and the easy 'potential connec-
tion to BEC's distribution grid
close to the landfill site meant
any transmission issues would
.be minimized.
,Once the plant is up and
running, it will employ 54-55
; people," Mr McLean said.
"Those are going to be good,
well-paid jobs. Most of them
are going to be college-educat-
ed steam engineers, power
engineers, plant managers.
There will also be a few jobs.
for lower-skilled workers, such
as sorting the garbage when it
comes in.
"The goal is that they would.
all be [Bahamian]. It's a matter
of finding and training people.
Hopefully, the college in the.
Bahamas is producing gradu-
ates from the technical pro-
grammes, so we can work With
the."
If BEC selected the Flasco
Energy Groupplan as one of,
those it wished to work with,


First Name:


- Work:


. a .Box:


Exact Street Address:


House Name:


Type of Fence/Wall:


Y OF THE TRIBUNE AND WAKE UP TO THE BEST NEWSPAPER FOR YOU!!


WMAKE/MT
MAKEfMOD~E


Lost Name:

ram'nnnv


~v5ur~uh,.


Telephone# Home:


House "-

House Colour:

Requested Start Date:


GN766



MWNISTRY OF LABOUR AND SOCIAL DEVELOPMENT
THE RICE CONTROLACT (1971)
(CHAPTER 339)
THE ICE CONTROL (GENERAL) (AMENDMENT)
(NO.17) REGULATIONS, 2008


NOTICE

The public is hereby advised that effective Monday,
20th October, 2008, the Honourable Minister of
Labour and Social Development has approved prices
for the following breadbasket commodities:

1. Flour
2. Magazine
3. Mayonnaise





PERMANENT SECRETARY


I M PA 9 %P DO Pft v I W.W V.. a %P 4L.P W- w -% A- -, -9 A6--- I


L Ill lll Tll I il l I l I ntl t Ii hl [


...... . ... ... ... ' .. . ,'7


- ?, : . .


6 JS "P


THE TRIBUNE


10


I


I


I


I


Mr McLean said the company
was prepared to invest "over
$100 million in capital" into the
project.
"We'll build, own and oper-
ate it, so no capital investment is.
required by the Bahamas. We
willraise the capital to build the
plant," Mr McLean explained,
telling Tribune Business that
plasco Energy GrOup would
generate its income from two
separate contracts supplying
BEC with electricity and charg-
ing a tipping fee for the garbage
disposal.
Yet Mr McLean said that as
part of those contracts, if the
NeW Providence plant exceeded
its annual revenue targets, a
quarter or. 25 per cent of the
amount over target would be
given back to the Bahamas gov-
ernment as part of Plasco's bid.
Money
"The more money we make,
the more goes back to govern-
ment," Mr McLean explained.
"Once we have environmental
permission and all the other
permits to get going, we could
have the plant starting opera-
tions in about a year [after con-
struction begins], and after
about 18 months it will be in
full operation.
"It's very quick because of
the modular design we have.
We don't have to scale it down,
scale it up or anything." With.
technology at its Ottawa plant
designed to convert 100 tonnes
of garbage per day, Plasco sim-
ply had to replicate that system
four times for its Bahamian pro-
ject. .
Plasco Energy Group has,
been in the biomass/waste ener-
gy conversion business for more
than 25 years, having started its
research and development
(R&D) arm in Canada, in 1982-
83 and then subsequently mov-
ing it to Spain. Its prototype
plant, capable of converting 100
tonnes of garbage into 1.2MW
of electricity per day, began
operating in Ottawa in autumn
2007.
Mr McLean pointed out that
Plasco's technology produced
other valuable products besides
green or 'clean' electricity. He
said studies had shown that one
tonne of municipal Canadian
waste could produce 300 litres
of potable quality water; seven
'to 15 kilograms of recovered
metal; five to 10 kilograms of
commercial salt; and 150 kilo-
grams of slag or construction-
'aggregate.
In the Bahamian context, the
:water would ease the pressure
6n the water table and Andros
wellfields and help -solve a
perennial problem for" this
nation, while the aggregate
could be sold to construction
firms. The salt and metals could
also be resold commercially as
well. Overall, some 99.8 per
cent of that one tonne of Cana-
dian waste could be recycled.
Mr McLean explained that
Plasco's system used "front-end
separation" to recover materials
such as metals for recycling,
then relied on its plasma tech-
nology to convert and break
down household garbage select--
ed for energy conversion into
the steam and heat that drove
the electricity turbines.
"We take the garbage and
produce products without any
air emissions at all," Mr


McLean explained. "We are not
an incinerator. An incinerator
takes the garbage and burns it
to create heat, to create steam
and to run electricity. We're
completely different."
Garbage incineration, Mr
McLean said, produced
methane gas. This was poten-
tially harmful for the Bahamian
and world environment, as stud-
ies had shown that methane had
22-23 times' carbon dioxide's
potential to further global
warming..
And he added that burning
one tonne of waste would also
send 1.5 tonnes of carbon diox-
ide into the Earth's atmosphere,
too.
Mr McLean pledged that
wherever Plasco operated, it
would "meet the most stringent
air emission standards in the
world. Whatever jurisdiction
has got the most stringent, we'll
meet or better it.
"One of our goals is to offer
technology that provides the
best environmental outcome.
We've tried to design a system
that can do it. We say: 'Here's
what we can do, regulate us at
these limits'."
Mr McLean said alternative,
renewable energy sources were
"hugely important" for island
states such as the Bahamas. The
more electricity such sources
can produce internally for BEC,
the more stable and secure this
nation's energy supply, with the
Bahamas having greater con-
trol over energy costs by
becoming less reliant on oil
imports.
The Bahamas'' foreign
exchange reserves would also
be protected by less reliance on
fossil fuel imports, with BEC
having already projected that it
will spend about $350 million
in foreign currency on fuel sup-
plies in 2008.
Of the benefits from Plasco's
project, and others, Mr McLean
said: "The energy supply is
going to be stable, it's locally
produced, it's independent of
oil prices. It's going to be
secure, stable, safe energy.
.."It's an environmentally
sound way to manage, waste,
and a way to extract value from
waste."
He added that the Bahamas
held the potential to become a
Centre of Excellence for Ener-
gy in the Caribbean, as every
nation Plasco expanded into
was effectively 'virgin' territory
for its technology and processes,
requiring the company to create
training programmes.
"The potential for change is
absolutely fantastic," Mr
McLean said. "Energy and
garbage are two huge issues.
The island nations could be
unique markets for us to look
at. There's an interest in the
type of energy we do, and
there's interest in what we. do
on the waste side."
Private investment in Plasco
over the last three years has
totalled $90 million. The com-
pany received $9.5 million in
funding from Sustainable
Development Technologies
Canada and a $4 million loan
from the Ontario Ministry of
Research and Innovationi.
Apart from Ottawa, the com-
pany also has a proposed Los
Angeles plant on the drawing
board, and another 400-tonne
per day project in Alberta,.
Canada.


. If












-TrC TRIBUNE ,


IInternational summit to discuss ways to fix wort


* By DEB RIECHMANN
Associated Press Writer

CAMP DAVID, Md. (AP)
President Bush, looking for
answers to a global economic
'emergency with just three
Irnonths left in office, will host
tin international summit to dis-
*Icuss ways to fix the world finan-
Mfial system but warned on Sat-
!nrday against reforms that
threaten capitalism.
11 "We will work to strengthen
band modernize our nations'
-financial systems so we can help
nTnsure that this crisis doesn't
-happen again," Bush said at the
bCamp David presidential
aFetreat.
It Bush, meeting with French
President Nicolas Sarkozy and
8European Commission Presi-
dent Jose Manuel Barroso, did
-iot announce a date or site for
,the summit. But Sarkozy sug-
gested it be held in the shadow
Iff Wall Street before the end
Jlf November.
IF "Insofar as the crisis began
ain New York, then the global
solutionn must be found to this
1risis'in New York," Sarkozy
said.
1'r In a joint statement issued
afterr their slightly more than 2
14/2-hour visit, the three leaders
ftaid they would contact other
nations next week about hav-
ling a summit in the United
States soon after the presiden-
4tial election, then a series of
subsequentt summits to address
4Ihe challenges facing the global
bcondmy.
The first summit would focus
,on progress, being made to
PAddress the current crisis and
{-* -


Fo hesore
S I.te e s'


"seek agreement on principles
of reform needed to avoid a
repetition of the problems and
assure global prosperity in the
future." Later summits, they
said, would be designed to
implement agreement on spe-
cific steps to be taken to meet
those principles.
Bush has backed the steps
European nations have taken
to fix the financial markets and
is willing to listen to a range of
ideas from both developed and
developing nations, but he has-
n't signed on to the more ambi-
tious, broad-stroke reforms that
some European leaders have in
mind to avoid a repeat of the
market crisis that rippled
around the globe.
Sarkozy has floated the idea
of reforming rating agencies and
even exploring the future of cur-
rency systems. British Prime
Minister Gordon Brown, who
engineered a British bank
bailout that inspired U.S. and.
European rescues, is proposing
radical changes to the global
capitalist system, including a
cross-border mechanism to
monitor the world's 30 biggest
financial institutions.
Standing outside on a crisp
autumn day at the helipad on
the secluded retreat, all three
leaders spoke soberly about
what Bush called a "trying time
for all our nations."'
"As we make the regulatory
and institutional changes nec-
essary to avoid a repeat of this.
crisis, it is essential that we pre-
serve the foundations of demo-
cratic capitalism a commit-
ment to free markets, free
enterprise, and free trade,"
Bush said. "We must resist the
dangerous temptation of eco-
nomic isolationism and continue
the policies of open markets
that have lifted standards of liv-
ing and helped millions of peo-
ple escape poverty around the
world."


Legal Notice
. .. .


INTERNATIONAL BUSINESS COMPANIES ACT


'to


In Voluntary Liquidation

"Notice is hereby given that in accordance with Section 137
(4), of the International Business Companies Act (No. 45 of
.20001. K ALONG LIMITED has been dissolved and struck
off the Register according to the Certificate of Dissolhtion
issued by the Registrar General on the 3rd day of October,
2008

Hamilton Management Services Limited
Fiman House, St. George's Place
St. Peter Port, Guernsey
GY1 2BH
Liquidator


Since Oct. 9, 2007, when the
Dow topped 14,000, investors
have lost $8.3 trillion from pen-
sion funds, college savings plans,
401(k)s and other investments.
Congress gave Bush a $700 bil-
lion plan to buy bad assets from
banks and other institutions to
shore up the financial industry.
The crisis has rocked financial
markets across the world,
prompting fears of a worldwide
recession.
"We're dealing with a signif-
icant problem," Bush said, call-
ing for patience to let rescue
measures take effect. But the
American people and our
friends around the world can
know that we have confidence
that the measures will work."
Barroso said it was time for
the entire international finan-
cial system to be reformed.
"We need a new global finan-
cial order," he said. "The Euro-
pean Union and the U.S., we
can make a difference togeth-
er."
Sarkozy also stressed the
urgency of what he said was a
"worldwide crisis" that
demands a "worldwide solu-


So ur It


tion."
He said he agreed with
Bush's view that reforms not
challenge the foundations of
market economics. But he
added: "We cannot continue
along the same lines because
the same problems will trigger
the same disasters."
He said hedge funds and tax
havens-cannot continue to oper-
ate as they have in the past;
financial institutions cannot con-
tinue without supervisory con-
trol.
"This is no longer accept-
able," Sarkozy said. "This is no
longer possible. ... This sort of
capitalism is a betrayal of the
sort of capitalism we believe
in."
White House deputy press
secretary Tony Fratto said in a
telephone call with reporters
that the president wants t
make sure that reforms do not
restrict trade, slow, down trade
liberalization or impede the
flow of capital between nations.
But he said: "We do need to
find ways to increase trans-
parency and ensure that major
economies, in particular, have


SUGAR LOAF


m-- Guest Organizer

Our success depends on your success, Our ability to accomplish
what we set out to do is based primarily on the people we hire-we
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ihe ability to p.
ic events like, \\wl;l '. .
with now,"
Fratto saul the b ;"
posed m oll) .lh;4 1 i ;';1' .'4 .".'
because olc it bl i ,, ..he .r
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. suinm it w would ,: i), i '%It-. : ,' i !
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ROYAL ISLA N;
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piece parcel or lo! of)!1; i <:.
application lo the Supi'; .
Bahamnas utndel 'c'li'n o i
title to the said piece pmn c i
nature and xinri1 ( i'i( ', ,
cate of Title to be ra2 'di '1
provisions ofl ,,\.ctl.


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FRIDAY. 17 t-'C-'T.Cr f.'
BISX ALL SHARE INDEX CLOSE 1.815 22 I C.HIi .... I -.
FINDEX: CLOSE t163 5,6 1 .r' -
WWW.WESXBAHAMAS.COMVI or 242-19 25'..o ;r- *
52wk-HI 52wk-Low Security Previous Close Today's cio..e Cfh 4er,-


11.80
9 68
0.99
3.74
2.70
14.15
3.15
8.50
6.88
3 00
8.10
13.01
14.66
6 09

12.50

52wk-HI
1000.00
1000 00
1000 00
1000 00

8 00
0,54
41.00
14 00

1 337o1
1.0250
1.4217'
3 7969 .
S1 44466
100.0000
100 9o00
1.0004,
10.5000
1.021?
1.0282
'',~.1.


1 1.60
7.64
0.85
3.49
1.95
11.00
2.85
4.80
1.99
2.25
6.02
12.00
1 1.54
5.05
1 00
0.40
5.50
8 60


52wk-Low


1000.00 Fidelity Bank Note 17 (Series A)
1000.00 Fidelity Bank Note 22 (Series B)
1000 00 Fidelity Bank Note 13 (Series C)
1000.00 Fidelity Bank Note 15 (Seriles D)


52 .-'k- Lo.


Synbel Last SIC a -


FBB1 7
FBB22
FBB13
FBB1 5.
Fidelity, O 'er-T,
Bid i


S'. rr hol


6 00 Carlbbean Crossinclo (Pref)
0.20 RND Holdings
29.00 ABDAB
14 00 Bahamas Supermarkets
_-. ,- r ., ,- ,_, -" .


52 l -Loa


Fund Nae


1 274 1 Collna Bond Fund
S2.8869 Col0n MSI Preferred Fund
1.3591 Colina Money Market Fund
3.6538 Fidelity Bahamas G & I Fund
11 8192 Fidelity Prime Income- Fund
100 0000 CFAL Global Bond Fund
99 9566 CFAL Global Equity Fund
1.0000 CFAL High Grade Bond Fund
9 1958 Fidelity Interna tonal 1riven0 tont r'und
1.0000 FG Financlal Preferred Incomo rundll
1,0000 FG FPnanclat Growth Fund
I CO i- -- :i I- -ir'.d Fund


6 O0 :',
0 3, 0

S o 4 ',
5431X Listed M'.'it.iitfl F .r4-4
NAV Y T""A, L .- t
1 C37 444





1 0244 1
1 '0244148
MARKEi"T 3 R44..


B2wk-Low Lowest cSolng p price In it 52 week. A / 0
Prevlou_ clole PCrvloso dtyr'- wolr.tod prcs fo0r dolly_ volu- _o Lst Price tI 4 l .' .
Today's ClO.. Current d0y0s woihtOd prce for d0lly voluma0 Woekly Vo i4I -
Chenge Chfngo in closIng price from rdy to ooy FPt ,
D .ly Vol.t 4-Number1oftotlsha-ro," tr'dodtod-' y r4Av0
DIV S Dividend per hreo p d In the It 12 months N/M r
PiE 9 CtEln4 price divided by the sOt 12 month osrnlcs 11IDFv I,
(l) 4'for.1 teotk split, Effoetive Dat. 8/0/2007
TO TRADE CALL. COLINA 242-502-7010 | FIDELITY ... -'_-- ., I I -' ,!t .'


N i ()i,,'1 I ,'


BUSINESS "


* "Ii'


Legal Notice




INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)


SWIFTCALL HOLDINGS (USA) 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), SWIFTCALL HOLDINGS (USA) LIMITED has
been dissolved and struck off the Register according to the
Certificate of Dissolution issued by the Registrar General on
the 30th day of September, 2008

Graham Milne
14215 Rock Canyon Drive
Centerville
VA 20121
USA
Liquidator


(No45 ofNG 0) *LIMITED


ALONG LIMITED


Solomon's & Cost Right

are looking for applicants to fill the

following positions.



Managers


Buyers



Loss Prevention Officers


Butchers


Buyers
















Competitive salaries and benefits with

high incentives


Experience not required but a great attitude and
enthusiasm essential.


ABACOMARKETS


Abaco Markets 1 71 1 71
BEhames Property Fund 1 _0 4 So44
Bank of Bahamas 7 64 7 '
Benchmark O. 0 ,
Bahamas Waste 3 19 : ;
Fidelity Bank 2 1 7
Cable Bahamas 14 4 i
Colina Holdings 2 85' "
Commonwealth Bank (81) 7 2 I
Consolidated '%Vater BDRs 2 1
Doctor's Hospital 7
Famnguard 8 06
Finco -I 0O
FirstCalibbean Bank 11 (;0
Focol (S) 0
Focol Class B Preference 1 00
Freeport Concrete n 40 1 4
ICD Utilities E 20 I
J. S Johnson 11 0o 1 1 0
BISX LISTED DEBT SECURITIES iB,..4s'. trnaoe on P- F .-r,


......... we, Y ...........
M ON
Pon


RIG


)l. DE.iL' I


- o wr l





I


I


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1.95 1.51


I


I








PAGE lOB, MONDAY, OCTOBER 20, 2008 THE TRIBUNE
i ru U


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%k (I I Is. co I I I ca rcc rs You & Us


THE TRIBUNE


PAGE 10OB, MONDAY, OCTOBER 20, 2008 .


lo








MONDAY, OCTOBER 20, 2008


Tier iwrfie


The stories behind the news


Financial crisis may change attitudes to money


- and life


COLLAPSING
banks, plunging
markets and the worst
credit crunch in living
memory have shaken
the financial %iorld to
the core and left
millions of borrowers
and home-oM ners in
dire straits. But %ill
the money crisis
change the reckless
spending habits of
many Bahamians?
INSIGHT reports...
By JOHN MARQUIS
Managing Editor
A YOLIN Na'.-.au couple
who gave up their icentd home
and moved Kick in %ith their
parents so ihe\ could bhu a
brand ne 3,1,?i. 111111 cai are tar
from alone in their ho'rt-sight-
ed stupidity\
The professional womann "ho
maxed ou: her credit to bu', a
$120,000 supernal ian them
close, as did Billh Bonchead
from over-the-hill 1a-ho ru id j
bank loan he- L'ui d idll-ofhi,'iid-.-
buy a $4,0CIi 'et i. shin,, rims
for his hotrod
Crazier s;ill are thos~c ho
trudge from b:ink to bank tl iMng
to raise loans ihe\ 'll strugglee to
repay to spend on fripperies
they can do it ihoui. Sonime fam-
ilies even bui ri, big lhiigc suns
to fund la' ish shopping ,tck-
ends in Mi.nil
Forty yejrs ol relative pros-
perity hat\c encouraged
Bahamians Ito hIclic'e the good
times would roll on ltoi e\er-
more. The'i iLLe n:', pa'.. lit-
-er" philosophy has enciouraged
them to ride a riing tide of debt
to the point ,%here pos.i hle
insqlvencv no''. LasIS a hueC
shadow ovcr their II'.c
Infact,Nasau's triagiile pros-
perity, and its' people's reckless.
pursuit of :he mnleretiicioi. arc
very much part ol a tree-spend-
ing malaise whichh has infected
the banking world in recent
years, triggering the meltdoi n
which has no\% led to a.1 string
of government bailouts

Distress
Credit ha. bcLomC the curse
of modern lile. causing untold
distress.amone people "tho
should kno.A better thin to
become hooked on an open-
ended run of rising debt.
A Nassau businessman told
INSIGHT: "There are numer-
ous cases of people going from
bank to bank trying to get loans
without down payments. I'm
told hundreds of people work-
ing for government get pay slips
with zero dollars. All their
income is assigned to make loan
payments. How do they sur-
vive?"
He said when he worked in
banking, such loose credit terms
were not available. "Managers
could take chances within their
limits to help, but some of these


ABOVE: Banks crisis will it change people's attitude to buying things
they don't need?
RIGHT: A store window display at Saks Fifth Ave. catches reflections
Thursd,,V Oc:t 16. 2008 in New York Saks and other retailers have
toned down their advertising and promotions in light of the


stones otf no eqtLit\ etc raise the
three hairs on mi chest."
No\\ wih tourism in decline
and man\ workers on t\o and
three-da; \seeks. incomes are
no longer sulticient to sen ice
borrow ings. Ilea ing many fam-
ilies chin-deep in debt with
no\\ here to turn. And all indi-
cations are that things w\ill get
"orse tar ,worse before the\
get better.
The Reagan-Thatcher era ot
the lt.sis spanned a "greed is
good' philosophy which :sa"
bankers, stock traders and lund
nlina'ers pocketing obscenel.
largt salarie, ind Ibonuses as
creduloutl clients \ere enctour-
aged to belicc that the good
times would never end.
Some banks were lending up
to five times people's income
to mortgage homes, while
finance companies were. offer-
ing the kind of easy terms that
lured the weak and impression-
able into unrealistically high
debt with no real regard for
their ability to'pay.
Meanwhile, credit card com-
panies whose villainous activ-
ities have created lives of misery
for millions of young people -
have ruthlessly exploited peo-
ple's acquisitive nature by
encouraging them to spend way


Now, hating let itself down
badly. capitalism is having to go
cap-in-hand to governments
whichh ha\e been forced to fall
back on socialist remedies.
Overnight, taxpayers have
become shareholders in institu-
tions whose reckless behaviour
has triggered the worst finan-
cial collapse since the great
depression.
It is the most withering indict-
ment, the most blistering con-
demnation, of the free market
in living memory. And it is
almost certain to lead to a new
age of regulation in which
bankers and financiers will have
the lash dropped squarely
across their backs whenever
their avaricious tendencies get


the better of them.
In the Bahamas, it is to be
hoped that these more strait-
ened times will also lead to an
upsurge in basic fiscal prudence
and sound commonsense.
The stories of senseless
spending in Nassau are legion,
with big employers like Atlantis
actually having to cap their
employees' reliance on loans by
restricting the percentage of
salaries paid out at source to
creditors.
Young people, in particular,
have developed a sense of enti-


tlement which leads them into
profligacy. AnTd their families'
priorities are so skewed that
they would rather splash out
$5,000 on a single prom night
than the books that might lead
their children towards a more
fulfilling and less materialistic
future.
One young Bahamian woman
who earns about $30,000 a year
in a government job drives
around in a $40,000 Mercedes
Benz funded by a five-year loan.
By the time she has finished
paying for it, the car will have


cost her significantly more than
the $40,000 price-tag while also
depreciating dramatically as an
asset. In cash terms, she will be
way out of pocket when the
time comes to sell.
"If you asked her why she
bought such a car, which cost
her, even on face value, far
more than a year's salary, she
would justify it by saying a Mer-
cedes is a good car that will last.
"But that, of course, is BS.
What she is really after is status.
SEE page 4C


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IN.Y.


THE TRIBUNE


AP AF PC MONDAY OCTOB 8


mR
REAL


'AW-1








THE HIL3NL IIUNVY, U I L3LK2U, U~INSIGHLTi


I N


S


G


H


T


FEEDBACK



Re: Solomon's wisdom

(Norman Solomon)


I AM happy, and at the
same timesad, tb have just
read your article about Mr
Solomon. I'm studying Eng-
lish and writing up at the
University of Florida and my
parents try to send me good
articles to keep me up to date
with what's going on back
home, though sometimes it
takes a while to receive them.
In the last few years I've
become very interested in
learning about our country's'
long history and those who.
have helped shape it into
what it is today. Interestingly,
though, I never knew who
Mr Solomon was; if I .did,
perhaps I learned his name
and forgot it at the same
time. But your article was
very insightful and extremely
interesting.
I love hearing about figures
such as him, as they spark in
me a feeling of hope. What
an interesting character to
have done so much for the
islands over such a long and
important period of time in
our history. My ol' man told
me that my grandfather was
close to his family, and that,
with your article, only makes
me wish I was able to know
him.
Again, it was a very
insightful article I'm glad to
have learned briefly about
both sides of the UBP, both
sides of the early PLP, and
in particular, both sides of


Mr Pindling (who I admit, I
haven't held the greatest
respect for). And thank you
for a well-written article;
rarely have I read a piece of
such calibre in a Bahamian
paper.
Cheers,
Spencer Higgs

NORMAN SOLOMON
put his life on the line with
his stand against Colombian
drug traffickers in the 1980s.
He was one of the few politi-
cians of my lifetime who
actually had the courage to
stand up and be counted.
H F Dean, Nassau

THANK you again Mr
Marquis for a great Insight
on Norman Solomon.,
Both you and Mr Solomon
have such a fabulous com-
mand of the English lan-
guage!
For those of us who grew
up in this era your article ran
true to form.
I'll wager that even Gov-
ernor Palin would add "golly,
gee wizz, you betcha!!!!"
(Now there's Presidential
material for you!)
Capt. P

NORMAN would have
loved being described as the
"hippie" of Bahamian poli-


tics. You're right, though, he
was much smarter than the
rest.
Grace Dean

I READ your article on
Norman Solomon yesterday
with delight. I have fond
memories of several mentors
myself and can empathise
with your sense of loss. Nor-
man apparently recognized
wordsmithing when he saw
it, and the need for it.
Although it is falling severe-
ly out of fashion these days,
keep the faith and keep up
the great work making these
third world politicians actu-
ally accountable nobody
else seems capable of doing
this.
MW

I FELT I lost a friend with
the death of Norman
Solomon. Though I didn't
know him personally, he was
an easy man to identify with
because he seemed to be
interested in all sections of
society with good intent
towards all men.
Bill, Shirley Street
Re: Sarah Palin

FURTHER to the irre-
sponsible responses to your
Sarah Palin articles, it seems


A,


to me that Republicans them-
selves are now realising their
error and are desperate to
paper over the cracks in this
woman's knowledge. John
McCain was wrong to allow
himself to be suckered into
the Palin selection, which has
seriously undermined his
credibility as a maker of wise
decisions.
Alan B (Expat)

IF John McCain is such a
great patriot, why would be
choose Palin as his running
mate when he must know
there is at least an even
chance that he will not com-
plete his first term as presi-
dent, if elected? This was not
the action of a forward
thinker.
Greg

BEFORE American vot-
ers enter the polling booths,
they must ask themselves:
Can they really take four, or
maybe even eight years, of
Sarah Palin's terrible voice?
Jan B, Nassau


Odmar floods homes and



damages crops in Antigua


* ST JOHN'S, Antigua
HURRICANE Omar flood-
ed homes and battered crops
on the Caribbean island of
Antigua before it spuV north
and weakened into a tropical
storm, drifting toward extinc-
tion Friday over the open
Atlantic, according to Associ-
ated Press.
Antiguan Prime Minister
Baldwin Spencer warned of a
produce shortage, saying the
farming community "appears
to have suffered an extensive
loss of crops."
"No one is reported to have
perished in this disaster,"
Spencer said late Thursday,
hours after Omar blew past the
Lesser Antilles islands as a Cat-
egory 3 hurricane. "We are,
nonetheless, faced with a nat-
ural disaster of serious propor-
tions."
The crop damage comes
amid spiraling food prices in
the Caribbean and around the
world. Spencer pledged to
monitor the situation and work
with farmers to meet their
needs.
Omar blew north of the
twin-island nation of Antigua
and Barbuda early Thursday,
dumping more than 5 inches
(13 centimeters) of rain and
forcing 75 people to seek
refuge in public shelters.
The National Office of Dis- ,
aster Services said rescue teams
evacuated more than 30 peo-
ple from flooded homes that
were submerged under water


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award.
If so, call us on 322-1986
and share your.story. "1


or had slipped from their foun-
dations.
Omar knocked down trees
and caused some flooding and
minor mudslides on several
Caribbean islands, but all were
spared a direct hit by the storm.
On Friday, Tropical Storm


Omar was located about 670
miles (1,075. kilometers) south-
east of Bermuda and posed no
threat to land. It was expected
to dissipate completely over
the next several days, the U.S.
National Hurricane Center in
Miami said.


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THE TRIBUNE:








PAGE 4C, MONDAY, OCTOBER 20, 2008


THE TRIBUNE


FROM page one

She wants people to believe she
can afford it because the
approval of others answers her
various insecurities," an associ-
ate told INSIGHT.
"Bahamians always like to
'do it big' whether they can
afford it or not. Their value sys-
tem is such that status symbols
count above everything."
In the motor trade, generous
credit has led to many a case of
disillusionment.
Younger car buyers, in par-
ticular, default within the first
six months, suffering the humil-
iation of repossession and a
massive dent in their credit rat-
ing.
Part of the problem, accord-
ing to social observers, is that
Bahamians have been used to
seeing high-rolling tourists living
it up in Nassau, not realising
that these people have probably
saved for years to be able to
afford their Bahamas dream
holiday.
Another factor was undoubt-
edly the drug trade of the 1980s
when Colombian traffickers
overturned all the common
decencies, promoting the notion
that even dumbheads could
earn big money if they were
willing to be dishonest.
The legacy of the drug era
has been an almost slavish
devotion to material things, all
'funded by ridiculously high lev-
els of credit. For a long time
now, it has been obvious that
the crunch was on its way. Well,
now it's arrived.
For those Bahamians whose
facade of wealth is no more
than that, troubling times lie
ahead.
There is no doubt that many
who today appear to have lavish
lifestyles are so heavily in hock
to the bank that they have
absolutely no equity. They have
to keep working to fuel the
myth of their own apparent


Last (



big sp
prosperity.
The colonnaded house' with
its soaring turrets is mortgaged
to the last doorknob, the limo
with its shiny rims is owned -
pending a very long line of hefty
repayments by the bank, while
those sharp suits and Gucci
shoes come courtesy of Visa or
Mastercard.
I recall a British bank man-
ager telling me once, in the days
when banking was still an hon-
ourable profession, that he
could always tell when young
entrepreneurs were six months
away from liquidation.
"They would turn up in a
brand new Porsche," he said,
"It was always the giveaway, a
sign that the need to be flash
had overcome financial pru-
dence to the point where they
were heading for disaster. I can-
not recall a single instance when
the new Porsche wasn't a har-
binger of doom.",
The show-off instinct has
become so much part of
Bahamian life that it's going to
be hard for many to accept that
prudence and possibly even fru-
gality are going to have to take
precedence in future.
If there is a benefit to be
gleaned from recent events, it's
that people will be encouraged
to revert to the sounder princi-
ples of the past, when debt was
considered a sin and people
slept happily in their beds at
night.
My own mother, shortly
before she died, told me that
her most challenging days were
in the 1930s when she bought
bones from the butcher to make
nourishing broth for my father
and my four older brothers. She


of the



enders
couldn't afford meat, and even
offal was viewed as a luxury.
One huge potful of this
steaming brew, with occasional
additions of vegetables and
bread, fed a family of six for a
week. Money was so short, and
debt such a source of shame,
that my father's wages were
portioned out every Friday
night, and all creditors paid on
the spot before she would con-
sider feeding the rest of us.
This combination of fiscal
prudence and personal honour
was the foundation of the fam-
ily. However meagre one's cir-
cumstances, what really mat-
tered was being able to look the
next man or woman in the eye,
she said.
Achieving such a position
against all the odds was the
source of great satisfaction for
her. "Times were tough," she
said, "but the ability to get by
also gave us a great sense of ful-
filment."
Her attitude was typical of
her generation. A family's pride'
was built on a strong work eth-
ic and a capacity to live within
one's means. Thieves,'spivs,
shysters and borrowers were
given short shrift where I grew
up.
It was apparently the same
here in the Bahamas. A young
Bahamian told me: "Even into
old age, when times were much
better, my grandmother always
bought the cheapest cuts of
meat. Her value system was dif-
ferent. Unless she could pay for
something, she did without.
And she made savings where
she could."
Now, he said, Bahamian
spending was not driven by


PEOPLE PASS a store window display at Salvatore Ferragamo on New York's Fifth Avenue Thursday, Oct. 16,
2008, in New York. Retailers have toned down their advertising and promotions in light of the economic situation.


need, but by the kind of insecu-
rity which prevents someone liv-
ing on a modest income in a
modest home because of what
others might think of them.
"Getting right down to rock
bottom is the only thing that is
going to change attitudes
among the new generation of
Bahamians," he said.
"This will come when creditors
begin turning up at their doors
to take their stuff away. It will
come when people have to
make the choice between pay-
ing the light bill and buying
food. It will come when people
begin to realise that their trou-
bles and worries are caused by
their credit card bills and their
second car."
The woman professional who
spent $120,000 on a luxury
saloon was, like many others,


... The Royal Botania line of outdoor furniture is


placing image above practicali-
ty because the good times in.
Nassau over the last few
decades have encouraged peo-
ple to embrace middle-class val-
ues which determine that pos-
sessions equal status.
On an island 21 miles long,
with roads more cratered than a
Flanders battlefield, there is no
real use for a high-powered car
with bespoke accoutrements.
But big cars have become a
badge of social standing.
The wheel-rim phenomenon
is another manifestation of the
same "look at me" obsession, a
need to .be noticed, respected
and admired by people who, in
truth, know the reality that the
glitz and gloss conceal a moun-
tain of debt.
The drive for material wealth
in the Bahamas is particularly
evident in the numbers houses.
Here is where the unwise and
impecunious pursue impossible
dreams.
Urged on by a mixture of
superstition and avarice, these
people will fall back on birth
dates, taxi plates, events in his-
tory and family anniversaries to
put together numerical
sequences which they believe
will lead to riches.
One Bahamian does two jobs
to fund his fanaticism for the
numbers game. Paying up to
$150 per day if he suspects the
numbers will fall his way, he
lives from pay cheque to pay
cheque wondering when the
really big win will come.
One woman who collected
$150 in child maintenance
became so convinced that the
numbers 1-5-0 were about to
fall that she blew the lot on her
absurd hunch.
Sometimes dreams prompt a
visit to the numbers house.
Bible readings can also throw
up "clues" to possible fortunes.
The Lucky Star dream book
by one "Professor Konje" offers
220 pages of clues to what your
dreams mean in terms of possi-
ble financial returns. A gale sug-,
gests the number 101, a lantern
308, a piano 991 and a steplad-
der 517. Entire household bud-'
gets have been squandered on
such nonsense, turning dreams
into financial nightmares
overnight.
One numbers enthusiast
became so convinced that his
mother's approaching 50th
birthday meant good fortune
was on its way that he invested
$700 on every conceivable per-


mutation of the digits 5-0-0.
Had he won, tens of thousands
of dollars would have been his.
None of his numbers fell, so he
lost the lot.
Nothing exemplifies the
Bahamian desire for monetary
well-being more than the num-
bers racket. Yet, like unrealistic
levels of credit, its benefits are
largely illusory.
More practical and pragmat-
ic Bahamians .are now hoping
that recent financial scares will
inject a semblance of reality into
attitudes towards money.
Motor dealer Rick Lowe,
who rejects the use of taxpayers'
money for bailouts in favour of
more fiscal responsibility among
families, wants people to come
together to solve their own
problems instead of relying on
the state.
"To paraphrase Milton
Friedman, it's always easier to
spend other people's money,
and why worry about it when
you have nothing to give but
what you take from the taxpay-
ers in the first place?
"At the end of the day, it all
starts with the best of intentions
but ends with a country in mis-
ery. History is replete with
examples."
'Referring to Prime Minister
Hubert Ingraham's assistance
plan for mortgage holders and
others in distress, he said:
"Presumably, Mr Ingraham
and the Bahamian .Parliament
believe they can create a wel-
fare state that is different than
those that have existed in the
past, with outcomes that will
have no impact on future gen-
erations.
"But we all know, when
something seems too good to
be true:..it is. Just ask the mil-
lions of Americans and citizens
of the world suffering the ill-
effects of another financial bub-
ble that has-burst.
"It's too bad, but this pre-
sent crop of so-called leaders
might not be here to witness the
destruction of the socialist poli-
cies they are implementing. Nor
will they see or feel the long
road to recovery when the
country is finally downgraded
to a basket-case."
As the Bahamas economy
reels from events in the United
States, and lenders become
increasingly wary of those
knocking on their doors looking
for money, it's to be hoped that
sound sense finds its way into
local thinking. J
Tempting fate to keep up
with the neighbours, splurging
good money to impress others,
and going broke to fund a fixa-
tion for material goods are the
route to a stress-filled life.
One Bahamian mother said:
"While I buy generic goods, my
children spend their money on
silly designer things, handbags
that cost hundreds of dollars.
There is no sense in it."
If anything good is to emerge
from the banking crisis, let it be
a realignment of people's
approach to money matters,
and a recognition by those who
run the capitalist system that
the era of exploitation is over.
A system which allows a
small group of grasping people
to shaft the rest of us at will to
fund their own grotesque venal-
ity is not sustainable, as recent
eventshave proved.'
For those who fell victim to
the credit trap,. it is time for a
new dawn.
Let them understand that
reverting to values of the past is
no bad thing. If you can't afford
something, don't buy it. Credit,
with all its attendant uncertain-
ties, can be a killer. And there is
something undeniably seductive
about paying your way as you
go, saving up for something you
really want, then savouring the
joys of true ownership.

What do you think?
Fax 328-2398 or e-mail
jmarquis@tribunemedia.net


I: -


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i'm lovin' it


(6:00) ++5 WA HOME OF THE BRAVE (2006, Drama) Samuel L. Jackson, Jessica THE PERFECT WITNE
TY WAR / A 'R' (CC) Borkowskr. A 'R' (CC)


MONDAY EVENING


OCTOBER 20, 2008










PAGE, MONDAY, OCTOBER 20, 2008 THE TRIBUNE


-,OMC AG


Tribune Comics


CALVIN & HOBBES


DENNIS THE MENACE


"WWY PO I BECOME INPISFENSABLE TH45
MINUTE I STPF IN 14E SHOWERR?"


Sudoku Puzzle
Sudoku is a number-placing puzzle based on a 9x9 grid with
several given numbers. The object is to place the numbers 1 to
9 In the empty squares so the each row, each column and each
3x3 box contains the same number only once. The difficulty
level of the Conceptis Sudoku increases from Monday to
Sunday,

94 2

5 7

49--

2 6,1

1 6 3 7

3 4

8 9

5 7

2 36 -
.Difficulty Level \ 10o/16


Kakuro Puzzle
B Best described as a number crossword, the task in Kakuro Is to
fill all of the empty squares, using numbers 1 to 9, so the sum of
each horizontal block equals the number to its left, and the sum
of'each vertical block equals the number on its top. No number
S 'may be used in the same block more than once. The difficulty
S level of the Conceptis Kakuro increases from Monday to Sunday.


Yesterday'a
Sudoku Answer


Yesterday's
Kakuro Anawer


Down
2 Let Actl be
adopted for the
network (7)
3 Dog that is scie
famous (5)


ntifically


4 Was upset,
Sso deserts (6)
5 Agreed everything was
bound to come out (7)
.6 Downtrodden cads (5)
.7 They experience initial dif-
ficulty in speechmaking
(10)
8 Trust in secrecy (10)
13 Whistle cord, any enclosed
in grease (7)
15 Feeling I get on turning
over a large volume (7)
16 Pang suffered by one of
two, for example, on rising
*(6)
18 He's not well being part-
ly senile perhaps (5)
20 Drink up like a king (5)


HAGAR THE-HORRIBLE


Across
l1 Incomprehensible
subject (6,4)
8 Birthplace of
Mohammed (5)
9 Constructor (7)
10 Perplex
utterly (7)
11 Commencement (5)
12 Nepalese
mountaineer (6)
14 Loudness (6)
17 Happen repeatedly
(5)
19 Japanese code of
chivalry (7)
21 Famous
Russian
ballerina (7)
22 Not joining in (5)
23 Author's
pseudonym
(3,2,5)


Across
S1 .Scottish regiment
not for light
duties? (5,5)
8 Provide food for a pet with
hesitation (5)
9 Able to pay back in five
pound notes, perhaps (7)
'10 New native quarter shows
simplicity (7)
11 Picture of some currently
popular group (5)
12 Naughty ladies men dream
of (6)
14 Stick a number in this
place (6)
17 She's found in excellent
company (5)
19 Gratifying'reception (7)
21 Officer apt to be taken in
by a murderer (7)
22 Doesn't lose in cutting the
cackle.? (5)
23 It's diverting, though irrele-
vant (3,7)


Yesterday's Cryptic Solution 'Yesterday's Easy Solution


Across: 1 Sahara, 4 Rancid, 9
Cologne, 10 Easel, 11 Roost, 12
Inspire, 13 Apparitions, 18 Pelisse, 20
Sepia, 22 Samoa, 23 Angelus, 24
Sinned, 25 Stress.
Down: 1 Secure, 2 Hello, 3 Regatta, 5
Abets, 6 Cushion, 7 Delves, 8
Medicine man, 14 Pullman, 15 Insight,
16 Spasms, 17 Passes, 19 Shake, 21
Pulse.


Across: 1 Gossip, 4 Brogue, 9
Founder, 10 Bliss, 11 Awful, 12
Monitor, 13 Take to heart, 18
Interim, 20 Cower, 22 Grasp, 23
Neutral, 24 Rattle, 25 Jersey.
Down: 1 Guffaw, 2 Stuff, 3 Indulge,
5 Robin, 6 Glitter, 7 Ensure, 8
Frame of mind, 14 Attract, 15
Exclude, 16 Ginger, 17 Orally, 19
Repel, 21 Wares.


" "i h I : ", rUT, TI l!- t "C4
Shorts the UK's best-knowrt
chessplayer, and romost experts
regard today's puzzle as the finest
finish of his career. Dutch champion.
Timmian's position Is very passiw,
yet he has a constructive plan of
Rce8 followed by B8S when White
most allow a rook exchange which
eases the defence. The normal
idea foa White in simitl positions
would be g2-g4 to break up the
pawns found the black king, but
ere this plan fails dueto the


Down
2 Grant of permission
(7)
3 Insignificant (5)
4 Lower reputation of
(6)
5 South American river
(7)
6 Prestige (5)
7 Regarded as total
loss (7,3)
8 MS (10)
13 Carry out (7)
15 Unvarying (7)
16 Burning brightly (6)
18 Band of witches (5)
20 Play for time (5)


.bpi q-i d'a-e l, tolhdipeyerq.
OD arand L irarm Saoe', Ars a"
Sequences w usually impressive
ard worth remembering. How did
White (to play) fore vkitory? Both
Short and Twiman are cmnpeling
this afternoon (2pm stlt) In the
Staunton Memorial atsimpsens-
I-the-Stradn You can watch the
grandmasters in action free of
chage. iONeARD SAmEN


Oest87. 1Kgl31 ce2Kf4kc83K5! ld7l(if-
74a6MKSMtaS rgKgSf6).4Kh6e! i .a


Target


0





I[


TP

M



TA


'I
15
4
3
a


8700

- _. -t
1* 1 ,
_I*_ a _I^ -
K1 __ ^i __JL


A a c o 5


The
Target
Uses.
words In
the min
body of
Chambers
21st'
Century
Dicltonary
(1999
edition).


. -. -I


HOW manyxwords of tour letters
or more can you make from. the
letters shown here? In making a
word, each letter may be used once
only. Each must contain the centre
letter and there must be at least
one nine-letter word. No plurals.
TODAY'S TARGET
Good 25; very good 38; excellent 60
(or more). Solution tomorrow.'
YESTERDAY'S SOLUTION
adieu druid drupe dude dune
dupe duped Indue Indued inure
inured nude nudle prude prune
pruned punier pure purine
rudd rude rued ruin ruined
rune udder upalded unalred
under UNDERPAID undraped
unpaid unpaired unread unrip
unripe urea


Contract Bridge

by Steve Becker


Two Chances Are Better Than One


North dealer.
Both sides vulnerable,
NORTH
*A8
V72
*AQ9763
+K 105
WEST EAST
*Q952 4 *kK6
V K98543 QJ6
8 J 10 5 2
4J8 49743
SOUTH
*J 10 7 4 3
SVA10
*K4
4AQ62
The bidding:
North East South West
1 + Pass 1 4 Pass
2 Pass 3 NT
Opening lead five of hearts.
One peculiar thing about bridge is
not so much that it sometimes pres-
ents difficult problems, but that in
many cases there is no awareness at
all that a problem exists.
Consider this deal where West
leads a heart against three notrump.
It seems perfectly natural to win
East's jack with the ace and start run-
ning the diamonds. But when
declarer plays the K-A.of diamonds,
West shows out, and the contract is
suddenly in danger.


Continuing to lead diamonds is
obviously hopeless, so South shifts
his attention to clubs, hoping to find
the suit divided 3-3. When he cashes
the A-K, West's jack falls, but when
declarer next leads the ten from
dummy, he finds there is no way of
collecting his four club winners
whether he allows the ten to hold or
overtakes it. South can do no better
at this point than cash his remaining
winners and go down one.
However, declarer can make the
contract easily if he tests the clubs
before the diamonds. In that case,
after cashing the A-K-10, he-can
return to his hand with the king of
diamonds and cash the queen of
clubs to score his ninth trick.
Declarer should reason that he
has eight sure tricks at the outset and
should then make allowance for the
possibility nearly a 1 -in-3 chance
- that the diamonds are unfavorably
divided. In that event, the possibility
that either opponent might have been
dealt the J-x of clubs (a 16 percent
chance) may be the only way to sal-
vage the contract. He should there-
fore test that suit before playing the
king of.diamonds from his hand.
Since playing the clubs first can
do no harm and gives declarer an
extra chance for the contract, it is
clearly the correct approach.


Tomorrow: Bidding quiz.
02008 King Features Syndicate Inc.


APT 3-G


BLONDIE


MARVIN


TIGER


(rN\


CRYPTIC PUZZLE


PAGE, MONDAY, OCTOBER 20, 2008


THE TRIBUNE


9814 ES891
3 621 116 3 5
54 3 21 78 9
231 819 N
1 2 1 42 4 2
113'9 26f 1
6 1 2 21 3 84
723 1 21 73.
1939 4 3 8 9






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A r--* r L r'^in A\/ n''TY-"D'D o n' O2AQ


THE TRIBUNE


PAGE 8C, MONDAY, OCTOBER 20,


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Jommemorawes over


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ye/r q


T BILNEY LANE, OFF MACKEY STREET
P.O.BOX N-8177
NASSAU, BAHAMAS
242-394-2213 (T)
242-3934541 (F)
www.paintplacebahamas.com


ONE SANDYPORT PLAZA
CABLE BEACH
327-8958 T
327-8934 F
paintplc@coralwave.com


DON MACKAY BLVD.
MARSH HARBOUR ABACO
242-367-2271 T
242-367-2816 F
paintplcabaco@coralwave.com


The Paint Place started business in 1993 and Dutch Boy paints was there since the beginning contributing
to accomplish the Paint Place's mission of bringing The Bahamian people the finest paint in the market,
Dutch Boy is fully committed to support The Paint Place in its future growth.


Bo@


LMoiC ongrdtul dtes The Paint Place


in the opening of cnei\\ pciint store in Sadndyport. pro['vi, lin-I, the I-qudlit\ plI:Lit -iclt d e\pert


service from its hcird\"orking cind dedicated stacf. Thlir locate ns cn ie
Ndssdu on Mdckey Street, Sdncldyport dnd in i I\lrsh Hcrbour, Abcco.


is proud to be cni inimplortrnt [i-rt of

The Pdint Pldce's ine o, quc:litpio -.ucts cind \\vill
continue workingn g together offering customers thi Iesi
prices cind quality :. ints in tie 1Lkdt.

Thin-k \'ou cg1din to our Io'dI Ccustoie rs oir thlir I
support over the last [ilteen \'edrs.


writ


in assoiationw