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The Tribune
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Permanent Link: http://ufdc.ufl.edu/UF00084249/01161
 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: November 3, 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: UF00084249:01161

Full Text



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Volume: 104 No. 987
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The


Tribune


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Police not,

-aware of

Sandy motives
By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
A YOUNG mtin was killed
and another is fighting for his
life after both were shot in the
neck in separate incidents on
Saturday night.
Gunmen involved in both
shootings have yet to be
apprehended and police say
they are not aware of what the
motives may have been.
The first shooting took
place in Malcolm Street at
around 9pm on Saturday.
A 24-year-old tman was
standing in the street when he
received a bullet wound to the
neck fired by an "unknown
gunman," said police press lia-
son officer, Walter Evans. He
is now in a stable condition,
recovering in hospital. TO
The fatal shooting occurred cg
two hours later in Pinewood
Gardens and involved a 21- A
year-old man. A
He was also standing in the to
road when he was shot out-


SEE page 12


Mavado's lyrics


'were reason he


was turned away


by inummigration'l

0 By CHESTER
ROBARDS
Tribune Staff Reporter
THE violent and salacious
nature of Reggae star
Mavado's lyrics was the reA-
son he was- turned away by
immigration officials on Fri-
day as he arrived at Lynden
Pindling International Air-
port, according to the Minis-
ter of Immigration Branville
McCartney.
The Jamaican singer's
scheduh-led appearance at the Millennium Countdown concert on
Saturday sparked a debate in the lyeeks before thatled Bahamas
Against Crime (BAC) and the Christian Council to'begin a canm-
paign against his performance at the highly publicised event.
Mr McCartney said that after undertaking his own investiga-
tion into Mavado and his music, he sided with the entities railing
against the singer and instructed that he not be allowed to enter the
country.
"From my research and from the lyrics that he is used to singing,
(I found) it not conducive to this environment," he said. "We have
young children, we have people that are very impressionable now,
and we have a violent society whether people want to admit it or
SEE page 12
Man is saved by grandfather
after apparent suicide attempt


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
A 38-YEAR-OLD man's
life was saved by his grandfa-
ther, who cut him down from
a tree where he was hanging
by his neck in an apparent sui-
cide attempt, police said yes-
terday.
According to friends, the
man was in despair because
of "domestic issues", com-
pounded when he recently lost
his job.
"He was a different person
altogether (after he lost his
job)," a friend told a local
news station.
"He was stressed about it.
That is why I asked him to go
with me so I could find him


+


some work, and help him get
some money."
The incident took place at
the home of his elderly rela-
tive in South Beach Estates at
around 2.25pm.
His grandfather, who dis-
covered him in the yard after
hearing him groaning, said the
man had evidently been
depressed for some time.
Finding him dangling, "kick-
ing his feet" in the air, he 'cut
the cord which he had
.reportedly wrapped around
his neck "four or five times",
allowing him to fall to the
ground.
Emergency medical person-
nel arrived shortly after and
took the man to hospital,
where he is in stable condi-
tion.


Bahamian charged with kidnapping, sexual assault in US 'fit for trial'


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
A BAHAMIAN man whose mental
health was questioned will stand trial in
Florida on charges of kidnapping, sexually
assaulting and trying to kill an eight-year
old American girl by forcing her into a


trash bin and throwing rocks on top of
her.
Milagro Cunningham is alleged to have
taken out his frustration on the girl, who
he was babysitting, after not being invit-
ed t6 a party. The girl was found seven
hours later by police who saw a hand
moving in the rubble, according to the
South Florida Sun-Sentinel.


In 2006, the then 18-year-old Bahami-
an was deemed incompetent to stand tri-
al. One psychiatric evaluator said he had
the comprehension and communication
skills of a seven to nine-year-old child.
But after being sent by a judge to a
state psychiatric hospital for competency
SEE page 12


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Rudy King putting 'three

years of hell' behind him


RUDY KING, the events
organiser whose bankruptcy
order was lifted last week, said
yesterday that he was putting
"three years of hell" behind him
to continue his work for the poor
and needy.
King, also known as Dr
Rudoph King-Laroda, quietly cel-
ebrated his 40th birthday as he
pondered the Court of Appeal's
decision to set aside a bankruptcy
order imposed in 2006.
"It has been a setback this past
three years," King told The Tri-
bune, "It has restrained my life
in respect of doing business. But
the whole thing could have been'




MRS Helen Dupuch, wife
of Mr Peter Dupuch of
ERA Dupuch Real Estate,
gave birth to a baby girl at
Doctors Hospital at 11.30am
Wednesday. Emily Jeanne
Dupuch arrived weighing 7
lbs 8ozs to join her brothers,
Alex, 4, and Ben, 2.
She is the third grandchild
of Mrs Dorothea Dupuch of
the Eastern Road.


handled differently."
King, who was being pursued
by Cavalier Construction for a
debt of $824,938, said he had no
hard feelings against the compa-
ny, but blamed certain PLP ele-
ments for trying to bring down
him and his fund-raising King
Humanitarian and Global Foun-
dation.
"They were in power at the
time and tried to get rid of me,
but now they've gone," he said.
"I had to resign as chairman of
the foundation and my life has
been on hold for three years. I
have managed to live comfort-
ably thanks-to-my-family,..but I
have discovered those people
who are my friends and those
who weren't."
King said his whole aim in life
was to help people. "You hear all
the bad things about.me, but you
never hear the good things that I
have done. I don'texpect to get
recognition, I don't do it for
recognition, but I like helping
people."
He said his faith in God had
helped him through the bank-
ruptcy process.
"I am willing to sit down with
Cavalier to deal with this in a
decent manner," he added, "Dick
Wilson of Cavalier is a friend as
far as I am concerned, but I think
their lawyers set out to destroy
me.


"I have nothing to hide. One
thing that hurts me is that per-
sons who owe greater debts are
not taken down this route by me.
I am grateful to the court for vin-
dicating me."
King said he was not celebrat-
ing his release from bankruptcy.
"This is a time for spiritual reflec-
tion. I have had lots of well-wish-
ers from overseas conveying great
sentiments.
' "I still hold the post of ambas-
sador for Dominica and have
opportunities to travel extensive-
ly to meet and greet world lead-
ers."

Ti ICAL
EXTERMk [INATORSh


:\ 7i Always wanted to be


PAOE 2, MONDAY, NOVEMBER 3, 2008


THE TRIBUNE


la'








THEmTRIBUNE-MONDAY, NOVEMBER 3,2008,-PAGE-3


LOCALNW


Doctors face




'misconduct'




complaint


Bahamas Medical Council


to launch investigation


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
THE Bahamas Medical Coun-
cil will investigate a complaint
calling for three Bahamian doc-
tors to be prevented from further
practising medicine in light of
alleged "serious professional mis-
conduct."
The complaint was made by
Leandra Esfakis, an attorney and
sister of a 42-year-old man who
died in Doctors Hospital six years
ago. Christopher Esfakis died in
April, 2002, after being admitted
to be treated for burns he suf-
fered while at a party.
A coroner's inquest, concluded
earlier this year, found his death
came despite an initial 95 per cent
survival rate as a result of natural
causes "substantially and signifi-
cantly contributed to by neglect"
on the part of medical staff.
The ruling, issued by Coroner
William Campbell, was later
quashed by the Chief Justice, Sir
Burton Hall, who felt it was
improper for him to have left only
one verdict to jurors, but Ms
Esfakis is adamant there is still a
need for relevant authorities to
review the conduct of all six doc-
tors who tended to her brother
with a view to determining
whether any of them should be
disciplined for "breach of statu-
tory duty".
Ms Esfakis filed an official
complaint in this regard with the
Medical Council in May, 2008.
The BMC sent her an October
14 letter confirming that the com-
plaint had been "referred to a
duly appointed complaints com-
mittee, in accordance with the
Medical regulations of the Med-
ical Act, section 27, sub-section
-6.'- ..
,S Esfakts klod The .Tribune
she-bopes the council's investiga-
tion "will result in an improved
level of safety from inappropri-
ate care" for patients and greater
accountability for mistakes made
"The fact the doctors know
that the patients are becoming
more aware of their rights could
just cause the doctors to focus
better and not fatally neglect their
patients," she said.
Ms Esfakis asserts that both
the BMC and the Hospital and
Healthcare Facilities Licensing
Board (HHCFLB), which
inspects and licenses all private
medical facilities in the Bahamas,
"need to carry out their inves-
tigative/disciplinary functions if
patient survival rate is going to
improve" in the Bahamas.
While she is pleased to see the
BMC moving on the issue, Ms
Esfakis feels the HHCFLB has
been "stone-walling" her requests
for them to investigate the cir-
cumstances surrounding her
brother's untimely death, despite
being mandated to carry out such
investigations by the Act which
created the board.
Her position appeared to be
supported by comments made bi
the board's chairman, Dr Kirk-
land Culmer, who told a Rotary
Club luncheon in May that the
board is seeking to have the


0 In brief


requirement that it initiate inves-
tigations into such matters
scrapped because it "doesn't want
to be bothered by that kind of
detailed investigation."
Ms Esfakis raised a petition,
which has garnered 493 signatures
so far, calling for the board to
carry out its "legal and profes-
sional obligations so that the right
to life of Bahamian citizens can
be protected."
The petition is posted on a
website, bahamaspatientadvoca-
cy.org which she designed to edu-
cate Bahamians as to what their
rights are under current health
legislation and to encourage
greater accountability in the face
of medical negligence.
In her complaint against the
doctors who attended to her
brother, Ms Esfakis reiterates evi-
dence given during the inquest
into Christopher's death.
She claims a litany of failures
on the part of doctors, including a
failure "to calculate accurately
the amount of fluid replacement
required" in her brother's case or
to "assess adequately or at all Mr
Esfakis' larynx and throat for
inhalational and/or other injury."
The attorney proposes three
doctors should be found guilty of
"serious professional misconduct"
and "abandonment of a patient
in danger without sufficient cause
and without allowing the patient
sufficient opportunity to retain
the services of another medical
practitioner."
She suggests they should be
either struck off the medical reg-
ister or made subject to other dis-
ciplinary action, as allowed for
under the Medical Act.


* FUNERAL OF FRANKLIN BUTLER SENIOR



PM hails pioneer in Bahamian society


* By CHESTER ROBARDS
Tribune Staff Reporter
PRIME Minister Hubert
Ingraham credited Franklyn But-
ler Senior for being a nationalist
anid a man who contributed
tremendously to the develop-
ment of The Bahamas as he
spoke at Mr Butter's funeral.
Mr Ingraham told Mr Butler's
family and friends that he had
been a pioneer in Bahamian soci-
ety as his father Sir Milo Butler
also was.
"Franklyn Butler came from
a family with a noble tradition
of love of country, of passion for
progress, of enterprise, and of
service," he said.
"This tradition was wonder-
fully exemplified in the life of his
distinguished father, who is an
icon of Bahamian history, and in
the life of his mother, who is also
remembered for her commit-
ment to' social development."
Mr Ingraham said the dedi-
cated businessman had built an
empire on an "indomitable spir-
it of enterprise and an unrelent-
ing capacity for hard work."
He said Mr Butler learned his
appreciation for the value of
enterprise and hard work from
his family, as well as some
Bahamian teachers who helped
to mould him into man he
became.
Mr Ingraham said that, under
the leadership of Mr Butler, the
family was able to expand its
holdings and branch out into
other areas and become signifi-
cant owners in the Bahamian
economy:
"He firmly believed in the
importance of black Bahamian
businessmen partnering with the
white Bahamian merchant class
and foreign business in order to
broaden the ownership of the
Bahamian economy," said Mr
Ingraham
"He learned that from his
father who, notwithstanding the
political and philosophical divide
that separated him and Sir
Roland Symonette, maintained
a business relationship with Sir
Roland.
"Today the heirs of Sir Roland


PRIME MINISTER Hubert Ingraham and his wife Mrs. Ingraham along with the Deputy Prime Minister Brent Symonette
and Leader of the Opposition Perry Christie attend the funeral service of Franklyn Butler at St. Agnes Church.


and the heirs of Sir Milo are busi-
ness associates."
Mr Ingraham also reminisced
on a time when Mr Butler
reached out in support of him,
after he was ejected from the
PLP government.
"I had been denied re-nomi-
nation for the Cooper's Town
constituency by Frankie's Par-
ty," he said.
"Frankie did not think that
was right, so he staged a one-
man demonstration on Bay
Street against that decision.
"I remember that I was sur-
prised by, but grateful and appre-
ciative for, his support.
"I didn't know him well then,
certainly not as well as I knew
his older'brother, Milo."
He said Mr Butler's friendship
continued over the years and was
never severed by party politics.
Mr Ingraham recognized Mr
Butler's achievements, including
his receipt of the Most Excellent
Order of the British Empire and,
in 2006, the Bahamas Chamber
of Commerce Lifetime Achieve-
ment Award.


FRANKLY
N BUTLER
was laid
to rest
yesterday.


Felip s
Major/
Tribune staff


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Shooting death w

suspect held
POLICE have apprehended a
suspect wanted in connection
with the shooting death of
Jebron Percentie. Officers in
Eleuthera found the suspect in
Hatchet Bay, Eleuthera, on
Thursday.

Archer reveals

PLP ambitions
FORMER Bahamas Democ-
ratic Movement candidate Omar
Archer wants to run for the PLP
in either the Mount Moriah or
Kennedy constituencies in the
next general election.
Mr Archer, who has only 6.
recently recovered from a gun-
shot wound to the abdomen fol-
lowing a violent attack, said he Thr
plans on making a formal appli-
cation to the Progressive Liberal
Party's Candidates Committee
today. He said it is at this point
that he will make clear whether
he runs in Kennedy, the con-
stituency he offered himself in for
the BDM during the last election,
or Mount Moriah. Mr Archer
unsuccessfully ran for the chair-
manship of the PLP this year.


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Tell:380-FLIX


il l


THE TRIBUNE


MONDAY, NOVEMBER 3, 2008, PAGE 3
I


o^no1 A fo^o &I









PAG4MNDAOVMBER3,2008TTHETTTRIBRUNEOTHEEDITOR


TOMORROW Americans will go to the polls
in one of their most historic of presidential elec-
tions.
It is historic because no matter the outcome
- whether the Democratic or Republican can-
didate wins the United States will either have
a black man, Senator Barack Obama, as its
president for the first time in its history; or, if
Republican Senator John McCain wins, it will
have a woman, Alaska Governor Sarah Palin,
as its Vice President'for the first time in itfs his-
tory.
Now at the end of a 21-month campaign the
polls are heavily favouring Senator Obama,
although Senator McCain is closing the gap in
the battleground states that have voted Repub-
lican in tle last two presidential elections and
which, just two weeks ago, have been showing
Senator Obama well ahead.
In the three presidential debates that were
broadcast worldwide on television McCain-was
shown to have been the loser to Obama, and
seemed to be ill at ease in answering some of the
questions.
But in the third and final debate McCain was
far more self-assured. However, although he
acquitted himself well, the pundits still believed
Obama edged him out of the top spot because
of his approach to several questions.
The debates showed that McCain simply isn't
as skillful a communicator-asn.Obama, ..
The difference between them was heard in
their answers to the second question from the
floor in the second debate chaired by Tom
Brokaw:
A man named Oliver Clark wanted to know
how the Wall Street bailout would help his
friends who were in trouble. McCain's answer
was all over the place.
He blamed Fannie Mae and Freddy Mac,
pointed his finger at Obama "and his cronies"
for supporting those twb incomprehensible insti-
tutions. Obama, by contrast, brought the bailout
home in simple language: "Well, Oliver, first let
me tell you what's in the rescue .package for
you. Right now, the credit markets are frozen
up, and what that means, as a practical matter,
is that small businesses and some large busi-
nesses just can't get loans. If they can't get a
loan, that means that they can't make payroll,
then they may end up having to shut their doors
and lay people off."
McCain never answered a single question
with that sort of clarity in any of the presidential
debates.
Obama seemed to have another advantage in
the debates, which after all was to showcase
each candidate to the American electorate to let
them judge which of the two they would rather


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see in the White House for the next four years.
Obama simply looked more comfortable and
confident than McCain. I
Part of this is sadly attributable to the phys-
ical awkwardness imposed by McCain's war
wounds and his bouts with cancer the restrict-
ed arm movements, and the scarred, clenched
jaw.
Then again, Obama is a younger and more
attractive looking man than his opponent, a
much decorated war hero, who is now 72 years
old.
In its November issue the Reader's Digest,
which has a circulation in the millions, pub-
lished an exclusive international poll among 17'
countries.
One of the remarkable findings of this poll
was that if the election were held overseas, the
Republican nominee (McCain) wouldn't stand
a chance.
"It's Obama by a landslide. But what is most
striking is the margin of his support," said the
Reader's Digest.
In the Netherlands, for instance, the Oba-
mamania surpasses 90 per cent, Germany 85
per cent, Brazil 78 per cent, Australia and Spain
76 per cent, France 75 per cent, Britain, Mexico
and South Africa 70 per cent, Canada 64 per
cent, India 61 per cent and Russia 52 per cent.
There was not a single country polled that did
not. see Obama. as the winner. And this lop-
sided result, according to the Reader's Digest, is
a measure of the widespread disaffection with
President George W Bush and his policies.
Said the Digest: "A negative consensus about
the American president first gained momen-
tum abroad with Bush's dismissal of global
warming.
"The disapproval rate intensified with. the
invasion of Iraq.
"And as a staunch supporter of that war,
McCain symbolizes the Bush status quo and.
an era the world wants to leave behind."
A top European diplomat says that Obama
"seems ready to listen rather than dictate.
That he's African-American only adds to the
mystique."
The general consensus seems to be that if
America elects Obama to the White House this
will do wonders for the image of America
abroad.
Much of the anger with Bush's foreign poli-
cies will dissipate and the current view of the
"ugly American' will be transformed.
Within America itself Obama's election will
show that America has. matured beyond mea-
sure to allow a black man to lead them from the
White House.
What would dear old Abe Lincoln have said?


Weathering




the economic




onslaught


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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

TELEPHONES
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Freeport fax: (242) 352-9348


lining elements of complacency
or decrease in productivity may
well result if the government con-
tinues to encourage a welfare
mentality among its citizens.
That aside, it appears that this
is a perfect time for us as a nation
to concentrate on repairing the
weaknessess in our social system.
A careful review of history will
show that a financial "shift"
occurs every few decades albeit
this one is on a larger scale.
A perfect example of this
"shift" was when Pan Am and
Eastern Airlines collapsed and
were absorbed by other carriers.
We thought that it would be
an impossibility to ever travel
again, yet these behemoths were
replaced and the world moved
on. Please understand, this is no
attempt to ignore the .economic
problems that this country will be
facing in the next few months but
this is an attempt to show
Bahamians a unique way of min-
imising the harmful effects of a
recession and maximising the eco-
nomic boom that invariably fol-
lows.
Reconstruction of our mental-
ity
What we see transpiring glob-
ally is a clear reason why The
Bahamas must be very careful'
with whom it allows to externally
influence its policies.
We must be aware that those
who influence Wall Street and
other global markets hold simi-
lar philosophies with the OECD,


WTO or the EPA when it comes
to regulations. That is, we cannot
continue being coerced into leg-
islating harsher financial policies
to our detriment than what inter-
national governments are pre-
pared to impose on themselves.
As our leaders sit and negotiate
with leaders from other countries,
we should not blindly accept sug-
gestions that The Bahamas
should implement any old law just
to sate another country's short-
comings. This was aptly stated by
Pierre G Mirabaud, Chairman of
Swiss Bankers Association, when
commenting on external pressure
from foreign states: "It's neces-
sary to clearly show Germany and
the European Union where their
sphere of influence ends and
where our sovereignty begins."
As a sovereign nation, we must
design our policies in a way that it
not only benefits our citizens but
it also assists other nations in fol-
lowing our pattern if they so
choose. This is a prefect time for
this country to decide what role it
wants to play on the world stage.
This is why I am of the firm
belief that The Bahamas should
position itself globally as an arbi-
tration centre by making our poli-
cies so attractive and so advanced
that nations who need assistance
in trade disputes, banking, and
jurisprudential solutions can
retain our services. This foolhardy
belief that we must submit to
every external pressure has to
cease. It is clear that the regula-
tors cannot regulate themselves;
we now have the opportunity to
usher in our own form of Ubunto.
DWAYNE J HANNA
Nassau,
October, 2008.


Jitney service must improve before fares increase


EDITOR, The Tribune.
I read with dismay the "Jit-
ney, taxi drivers to be allowed to
raise fares" article appearing on
the front page of your October
29th edition.
As a regular user of thq jitney
service, I strenuously object to
jitney drivers/operators being giv-
en any kind of increase in fares at
this time. Jitney drivers/opera-
tors must first start providing a
decent standard of service for
which they are already being paid
before any request for increases
are entertained.
Persons who do not use jitneys
and those who use them occa-
sionally, tell me they would be
more inclined to use jitneys and
leave their cars at home if the
standard of service was improved.
That in itself would mean a
huge increase in customers which
would impact in a positive way
the cost of doing business, rather
than increasing the cost of living
to those least able to afford it.
Mind you, there.are some very


courteous jitney drivers scattered
through the system and whenev-
er I can, I wait for them. Alas,
they are in the minority and
sometimes the wait is long.
Firstly, the buses are too loud.
Drivers play their radios/stereos
at a deafening pitch. It is virtual-
.ly impossible to converse with the
person next to you without shout-
ing. That is an immediate turn
off. Secondly, drivers are too
unkempt and ill-mannered.
Thirdly, drivers do not stick
to their routes.
Fourthly, drivers seem to have
no respect for other road users.
And fifthly, there are too
many jitneys on most routes
fiercely competing for a dwin-
dling passenger load.
I feel confident that the Public
Transportation Association of the
Bahamas wants to improve and
modernize the system, and has
taken steps to do so.
For example, some of its dri-
vers wear uniforms, and its card
system for paying fares was a
good initiative. But then along


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came the United Transportation
Company and the so-called inde-
pendent bus operators and every-
thing went out of whack.
According to the article, in
June the Ministry of Works, in
conjunction with the Road Traffic
Department and the bus associa-
tions, announced an initiative
aimed at improving the level of
service provided by jitneys. That
must have been as far as it got.
I am certain that if the Minis-
ter with responsibility for Trans-
port was made to use jitneys he
would have never acceded to any
increase in fares with the stan-
dard ofservice being so poor.
Moreover, he would have been
as dismayed as we are to have
fare increases sneaked on us in
the absence of any input whatso-
ever from those who use jitneys as
their primary mode of trans-
portation.
GLADSTONE THURSTON
Nassau,
October, 2007.
Bahamas


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EDITOR, The Tribune.
Again thank you for allowing
space in your column. After much
deliberation, it is asserted here
that the present economic tur-
moil, although arguably one of
the most horrificgs that can
happen to .a country, offers
immense opportunities for recon-
struction and reassessment of
educational, financial and over-
all national policies,
Clearly there are negatives to
this global downturn; and there
is no doubt that the world will be
affected by the actual and per-
ceived fallout due in part by the
activities on Wall Street and by
extension other financial markets.
We have already seen the
effects of this downturn in rising
fuel and utilities costs and housing
foreclosures.
Unfortunately, we are also see-
ing this global uncertainty being
reflected in low hotel occupancy
and decreased employee work-
days. It is indeed an appreciated
fact that citizens of this nation
may be in for substantial financial
and psychological battering.
What is being asserted here is
that although utilities, tuition's,
mortgages, supermarkets and a
large number of other bills may
be past due, there are specific
ways to weather this economic
onslaught..
It is indeed tempting to con-
centrate on the negatives of what
is happening globally and it is
indeed tempting for this Govern;
ment to respond fearfully by
introducing welfare policies for
its citizens. There is no doubt that
there are positive sides to a wel-
fare state, as seen throughout
Europe, however negative under-


An historic American election


*ENEEATOR


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0


THE TRIBUNE


PAGE 4, MONDAY, NOVEMBER 3, 2008






MONDAY, NOVEMBER 3, 2008, PAGE 5


THE TRIBUNE


LOANW


0 In brief

National Trust
rebuilding
park bridge
THE Bahamas National
Trust in Grand Bahama is
rebuilding the park bridge,
which serves as a major
attraction for tourists and
locals at Lucayan National
Park.
Thanks to generous corpo-
rate citizens like the Har-
court Development, the
bridge is on its way to being
built.
Pictured at the bridge (left
to right) are Prescott Gay,
Lucyan National Park
deputy warden; Tiffany Den-
nison, GB
BNT branch deputy chair-
man; Gene Bruey, director
and CEO Harcourt
Developments (Bahamas)
Limited and Karin Sanchez,
GB BNT branch chairman,
accepting a donation of
$5,000 towards the bridge
rebuild.







beidth es

HreadInigh'


Officials taking to streets to clear


up jitney fares increase confusion


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
AFTER some confusion over
the weekend, Road Traffic offi-
cials will be on the streets tomor-
row to belatedly let all jitney
operators and the public know
exactly what they should expect
bus fares to be now a fare
increase has been permitted,
Road Traffic Controller Jack
Thompson said yesterday.
Minister of Works Neko Grant
announced last Tuesday that bus
and taxi operators would be
allowed to increase their fares
after many years.
He said he hoped the paper-
work would be completed in time
for the change to come into effect
on Saturday, November 1.
. However, presidents of the two
bus associations, the Public Trans-
port Association (Bahamas) and
the United Transport Company
(UTC) complained on Friday that


they had yet to be given informa-
tion indicating exactly how. they
were meant to adjust their fare
structures or what the six newly-
approved bus routes consist of.
Harrison Moxey, of the UTC,
said operators should have been


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given more time to adjust to the
change. Before the increase,
adults and children (not in uni-
form) paid $1 to ride the bus,
while high school children in uni-
form paid 75 cents and primary
school children paid 50 cents'.
Mr Thompson said bus associ-
ations were ultimately given
copies of the fare structure "late
Friday night", ready for Satur-
day.
Admitting it was somewhat
delayed, Mr Thompson said:
"The only hitch was that we were
just trying to tie up one or two
things with the legal part and sign-
ing it into effect so that we could
follow certain procedures and
that went on a little longer than
anticipated."'


Meanwhile, operators who are
not affiliated with the associa-
tions, which Mr Thompson esti-
mated make up 20 per cent of the
market, have yet to get copies of
the release, admitted the Road
Traffic chief.
"We're having a number of
(copies of the information) made
up so the bus operators, whether
they are part of companies or not,
will know what the fares are and
how they should charge.
"My people will be out on
motor-cyles and vans and be dis-
tributing them in the morning,"
he said.
There will be a campaign to
inform the public what they
should expect to pay so that the
system is not abused, he added.


IMEN"


$1.25- All urban areas
between Blake Road and Coral
Harbour in the West; Winton
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in the East; Bay Street in the
Nort and Summer Haven in the
South.
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Village and Downtown to Com-
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$2.25 Downtown to any area
beyond Compass Point.
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PAGE 6, MONDAY, NOVEMBER 3, 2008


State of the economy sparks


fears in hospitality industry


i By CHESTER ROBARDS
Tribune Staff Reporter
MANY in the hospitality
industry are concerned that the
current state of the economy
could spell massive lay-offs and a
prolonged decrease in the
amount of work days, should the
problem persist into the new
year.
Lay-offs at some Cable Beach
hotels have prompted heads to
turn toward Atlantis, an indus-
try giant in the Bahamas, to see
what their response will be to the
tourism decline.
It has been speculated that as'
many as 2,000 employees could
be released from Atlantis if
trends continue. and the end of
2008 follows 'worst case scenario'
predictions.
Calls to Atlantis officials
regarding the matter were not
returned up to press time yester-
day. s
However, some Atlantis
employees who spoke to The Tri-
bune on condition of anonymity
said supervisors had told them'
that some employees may be cut,
but did not know when that
might begin.
A supervisor who also came
forward said although there, are
talks of a-mass firing, employees
are undergoing more training.
"We are doing,a lot of .cus-
tomer'service training to make
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LAY-Ui-iS at some uaDie beacn
hotels have prompted heads to
turn toward Atlantis (above).
sure that we are equipped," said
the supervisor. "Whether ten,.
five or one guest walks through
our door, they will be treated like
royalty and that will spread and
we'll be back to where we were
before."
Projected November occupan-
cy rates for Paradise Island hotels
are down and they have had their
softest September on record. /
However, experts in Bahamian
tourism say it may be too early to
s. ay how hotels will fare during
this peak winter season and into.
2009, as -the industry has seen a
pattern of "last-minute bookings"
over the past years.
I? '


* By LLOYD ALLEN
Tribune Staff Reporter
WITH many hotels experi-
encing a less than stellar finan-
cial period in the past year, and
many employees on reduced
work days, relief came on
Thursday when an assistance
cheque was offered through the
Bahamas Hotel Catering and
Allied Workers -Union
(BHCAWU) special relief
fund.
The Bahamas Hotel' and
Allied Industries Health and
Welfare Benefit Fund, which
is providing bill and food assis-
tance to more than 6,000'union
members, is expected to hand
out more than millionn to
union members who have
worked three or less day weeks
during September and qcto-
ber.
Hundreds of union members
representing various: hotels
around the country showed. rip
at the Harrold Rbad uWon
headquarters- from as eirly as
6am bn Thursday. Unionfl'ep-
resentatiVes said they were surr
prised by the number.
Leo Douglas, BHCAWU,
Secretary General, told The
Tribune that, though there are
many. union members in need
of assistance, their failure to
save had placed them in their
predicament. '.;
Mr Douglas noted: "Espe-'
cially' in the category where
members received gratuity, -if
you saw the cheques they were
getting when things were movy
ing, the question would be:
,what happened? They didn't
make. any effort to save some-c
thing."" ".
Mr Douglas added that,
because of this, the union
intended to restart a pro-
gramme to educate members
on saving strategies.
Referring to the chaotic
assistance handout at unioA
, HjQ, ;Mr Douglas said he was
deeply disappointed,% ih the.
behaviour of meinbers where
at times they we're banging on
doors, shouting, and.cursing.
"Service is a major thing in
the hotel industry, and after-
,Thursday's performance of
'members, I would hate to-,'
think that they behave'that
way'elsewhere," said Mr Dou-
glas.


Moments Of Truth


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October 2008.


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THE TRIBUNE






I rt- I lriL).uiL L.


I LOCALSPORTS


Newly-qualified lawyers are called to the Bar


SEVERAL newly-qualified lawyers Calverna Small, Joseph Moxey, Rashif
were called to the Bar on Friday at the Duncombe, Darron Ellis, Danielle
National Theatre for the Performing Quant, Krysta Smith, Giahna Soles,
Arts. Supreme Court Registrar Donna New-
Pictured at the ceremony are: Joy. ton, Acting Justice Elliot Lockhart, Chief
Delaney, Paul Jones, Roger Thompson, Justice Sir Button Hall, Tonya Bastian-


No cash refunds


for Poppin Bottles


concert tickets
M By ALEX MISSICK
RED CityEntertainment
owner Lisa 'Red' Tottle has
tickets to attend the contro-
versial Poppin Bottles con-
cert last month will not be N
getting a cash refund.
This comes after rapper Lil 4 '' .
Wayne was scheduled to per-
form at the concert but failed
to make an appearance, leav-
ing Bahamians angry at the
company hosting the event
and the rapper himself.
Ms Tottle said she is work-
g a few projects and is
aspects of what happened
that weekend.
"Officially refunds are out e
of the question but a make- "a .
up date is possible," Ms Tot-
tle said.
Ms Tottle said once every- .
thing is official she will make
a public announcement on P a'
what will happen during the
make-up concert.
"We are getting some real-
ly nice things sorted out to at least make up for what hap-
pened. I just don't think it's smart to bring him back here
because of how mad the Bahamian people were at him," Ms
Tottle explained.


Andros farmers


workshop is

well received


Galanis, president of the Eugene Dupuch
Law School, Eva Etienne, Aubynette
Rolle, Elvis Hanna, Crystal Corbett,
Ralph Munroe, Kendra Kelly, Dellarese
Taylor, Winnifred Russell, Ryan Brown
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THE second in a series of
empowerment workshops
held by Bahamas Agricultur-
al and Industrial Corporation
(BAIC) has been well
received by North Andros
farmers.
The programme was
planned and implemented by
deputy general manager Don
L Major and his business ser-
vices department.
It was designed to fulfil the
vision of executive chairman
Edison Key that the
Bahamas must attain a com-
fortable degree of food secu-,
rity.
"Our goal is to show farm-
ers and producers how to
earn a decent living by feed-
ing the nation and the mil-
lions of tourists who visit our
shores," said Mr Major.
"In order to get their pro-
duce from the farm to the
table, producers must come
to grips with the concept that
farming is a business and
they are responsible for the
technical as well as the busi-
ness dimensions," he added.'
The workshop covered
both aspects.
Entitled 'Crop scheduling:
The orderly planting and har-
vesting of crops', the work-
shop sought to eliminate the
cycles of glut and famine
resulting in uneven prices
and profitability.
The workshop was con-
ducted by senior agricultural
officer Stephen Adderley of
the Ministry of Agriculture .
and Marine Resources. It was,
over-subscribed.
"It demonstrated the part-,
nership between BAIC andl
the ministry as they work
towards achieving a success-
ful farming community, thus
leading to a high level of food


security," said Mr Major.
"What was exciting was the
number of young people join-
ing the field, working with
their parents."
North Andros Farmers
Association president Cecil
Gaitor and his team thanked
executive chairman Mr Key '
"for having already fulfilled
many of the promises he and'
BAIC made to North Andros
farmers."
The empowerment work-
shop programme moves next
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PAGE MODAY, OVEMER 3,2008THE TIBUN


US presidential election


- a win for Obama?


A BY RICHARD COULSON
-"iituas lor ()l.iam has a
nice ring to it. ,And if we' could
\olL' in the (S election, that's
lpobalblV hol\\\\\e ouldi go. Biut
tle' rCelxant question is, how\V
\,ill the American people vote?
Bcelto, the 2004 election, I
pIrcdiclcd in this journal that
George W. Bush would win. I
w\ as right. Despite my personal
preference for Kerry, 1 forecast
ih:iml thIe ReIlpublican grip-) on the
rock-ribbcd conservative evan-
celical bloc in the south and
mid-wevcst. would push Dubya to
v victory, and so it turned out.
Ihe latest polls tell us that
Barrack Obama should handily
defeat John McCain. They give
McCain about 142 definite or
probable electoral votes, with
306 for Obama and 90 in the
'toss-up" states like. Florida,
North Carolina, Indiana and
Missouri.
Even the Republican hatchet
man Karl Rove's own polling
company does not differ much
from these figures. Assuming
McCain wins all these doubtful
states, he still will not reach the


270 electoral votes needed for
victory.
But current poll figures must
always be taken with the caveat
"if thle votes were cast today"
and the warning that prefer-
ences may be hidden from the
pollsters or may change at the
last minute. Still, the odds seem
heavily in favour of Obama.
The voting trends differ from
what we saw in 2004. First, the
racial factor cannot be denied.
Unfortunately, there is a hard
core of Americans who will not
vote for Obama just because he
is black, whatever his excellent
qualities nmay be. But they will
be roughly balanced by a group
who will favour Obama just
because he is black, whatever
his doubtful qualities may be.
For voters whose decisions
pro or con are not governed by


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race, the choice is more diffi-
cult. On the one hand, they see
the eloquence and intellect of
Obama combined with the
appealing "time for a change"
formula, on the other hand they
note his lack of' experience, his
ultra-liberal voting record as a
Senator, and his past affiliation
with undesirable associates
whom he has failed to repudiate
forcefully.
When they consider McCain,
they are certainly aware of his
fortitude during the unimagin-
able sufferings of a prisoner of
war for five years, in conditions
far from the Geneva Conven-
tion, and they have seen his gut-
sy determination to make a
mark in American politics
despite many setbacks from
which he has fought hard to
recover. I

Immigration
On the other hand, they can-
not ignore his inconsistent, vac-
illating record on important
issues like immigration, his
abrupt changes of tactics when
faced with the current financial
crisis, and his eccentric choice of
Sarah Palin as vice-presidential
candidate, a choice which has
solidified his support from the
"Joe Sixpack" hard right but
alienated (or amused) the rest
of the electorate. And, through
no fault of his own, he carries
the same Republican label as
the disastrous Bush, although
he hardly dares to mention that
name.
It does seem that vast swathes
of the voting public that in the
past might have divided pretty
evenly between Republican and
Democrat are now trending
heavily towards Obama.
Younger voters, higher income
citizens, college graduates, sub-
urbanites all are reported to
prefer him, of course with the,
well-known imprecision of the-.
polling system. Naturally wesee -
the irreducible nucleus of
McCain enthusiasts who are
passionate about his long life of
undoubted service to the nation,
but it's unlikely that this com-
mitted group is as large as the
patriotic "moral majority" that
carried Bush to victory at the
height of the Iraq war.
Votes for Obama will not
always be cast with total enthu-


I USPRE 3..SI NTIA r:drl c I- ii.m ,


siasm. My own ballot would go
to him, but with nagging doubts.
From a life spent in the free-
market business and financial
community, Lam wary, of his.
.ultra-liberal policy agenda. The'
"spread-the-wealth" charges
bleated by Joe the Plumber and
the Republicans are certainly
overdone after all, who can
seriously oppose graduated
income tax rates? but never-
theless Obama's liberal empha-
sis on government funding
makes me uneasy.
I take some comfort in know-


ing that once he takes office, he
will be governed by the tough
budgetary realities and will be
surrounded by'hard-h'erfddd
.,advisers who will lead him
towards the middle and awaii
from the liberal extremists.
I and many others are more
concerned about what I may
call his personal attitudes.
Although he eventually broke
with Rev Jeremiah Wright, he
spent years -in his church
absorbing his anti-American
rants. If he were not running
for President, would he still be


sitting in those pews? His criti-
cisms of William Ayers, the
one-time anarchist bomber,
have been tepid at best, on the
theory that he "reformed". This
is the man who less than ten
years ago said he only regret-
ted not planting more bombs;
but instead of vilifying him as a
criminal, Obama sat around a
boardroom table with him. It's
only fair to question his judg-
ment of people. '

Gallantry
But taking the rough with the
smooth, I would favour him
over McCain. Ultimately, I pre-
fer his calm, deliberative style to
McCain's erratic, shoot-from-
the-hip approach. The former
naval hero has admitted that
flying over Vietnam he ignored
the warning buzzer that told
him a missile was on his tail,
doubtless in a gung-ho effort to
close with bis target but that led
to his crash. That kind of impul-
sive gallantry is fine for a fight-
er pilot, but is it right for the
White House? And what if
Sarah Palin comes to. sit in the
chair? by no means unlikely
with a president carrying 72
years and a shaky medical his-
tory. That prospect frankly ter-
rifies me, and doubtless many
American voters, too. '
So I predict, no doubt rashly
and ready to eat my words, that
Obama will win the popular
vote by at least five per 'cent
and tally a majority of at least
100 electoral votes.
The more interesting
prospect will be the complete
overturning of the US political
scene that has prevailed for the
last eight years. We will see not
simply changes in specific poli-
cies, but a radical reversal, of
the entire philosophy of how
government should carry on the
business of governing. The core
of Bush-Cheney values will be
shattered and re-built the
extent of presidential power,
tackling the environment and
global warming, co-operatibn
with other nations, al Qaeda
and the Muslim world, the Chi-
na colossus, treatment of war-
time, prisoners, surveillance, vs
persdonal'ights 'of privacy gun
control; health baite, stem-cell'
research, abortion rights and
gay marriage, regulation of'thei
financial markets, economic
"bail-outs".
All these issues will be exam-
ined with a fresh eye. Some of
the results may be shocking to
traditional ideology, but the
evolution will be fascinating to
watch.


It takes money

to save money!


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.





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But wait.
If you're financing the pur-
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does, you'll actually be paying
more than the final sales price
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Many buyers don't stop to
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It's worth considering, and it
makes it evident that you
should shop around and get the
best loan terms possible.
Be sure to discuss your
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With many options available,
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Determine how much is avail-
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If you're putting up a low
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This will add to the overall cost
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A6.

I.1 E WLK< ElN
MEDICAL CLINIC V

AT SANDYPORT
AND COLLINS AVENUE

In Keeping with our commitment towards
community service and health awareness,
The Walk-In Medical Clinic
at Sandyport and #35 Collins Avenue

will be offering

FREE FLU VACCINES
beginning 05th November 2008 thru
06th November 2008.

Vaccinations will be given at both locations
from 8am to 4pm Monday to Friday.

It is recommended for the
. following high risk individuals.
1. Adults over the age of 65 years.
2. Adults and children (over 8 years of age) with Chronic
Lung. heart, Asthma, Diabetes and HIV.

Please call us at
#35Collins Avenue 328-2744/ 328-0783
Or at
Sandyport 327-5483-5
Persons allergic to eggs should not
receive the Flu Vaccine.


2 5.4Q %OF.F
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m


PAGE 8, MONDAY, NOVEMBER 3, 2008


THE TRIBUNE









THE TIBUN MONDY, NVEMBE 3, 008, AGE


One big step for





Obama, one giant





leap for America


EBY SIR RONALD SANDERS


being written
before the US
Presidential elec-
tion on November 4th. At this
point, it seems certain that
Barack Obama will be elected
President of the United States
of America.
In earlier commentaries,
while I clearly stated my per-
sonal wish to see Obama elect-
ed, I expressed grave reserva-
tions about the capacity of the
majority of white Americans to
rise above their centuries-old
racial prejudice to elect a black
man to the White House.
If, as now seems the case, the
majority white people of Amer-
ica join with black people to
elect Obama, he would have
made a big step and America
would have made a giant leap.
Obama's election will change
not only how America is seen
by other peoples of the world,
but also how Americans see
themselves.
The election of Obama will
be America's proudest moment
to date. For, the American soci-
ety will have cast aside that stain
of race that his disgraced them
through the centuries even as
they made themselves the most
powerful nation on earth.
It has to be recalled that
when the young nation of the
United States of America was
created in 1776, one hundred
and fifty-six years after the first
Africans arrived as slaves, the
author of its Declaration of
Independence, Thomas Jeffer-
son, saw no place for blacks in
American- society. While ,he
supported the notion of freeing
slaves, hundreds of whom he
himself owned, he advocated
their deportation to Africa.
Its independence constitu-
tion while proclaiming that "all
men are created equal" counted
a slave as 60 per cent of a free
American. And, slavery itself
was not formally abolished until
1865 thirty one years after it
was abolished in the British
Caribbean. .N
Not that the abolition of slav-
ery did much more than for-
mally release Blacks from own-
ership, for the heel of white
America's foot remained firmly
placed on the neck of black
America. As Lanny Davis, the
Washington lawyer, Democrat
and political commentator, put
it: "The substitute for actual
slavery was de facto economic
and social slavery as white
America looked the other
way... blacks continued to suf-
fer the humiliation of "Jim
Crow" laws in the South, the
violence and lynchings of the
Ku-Klux-Clan, and the depri-
vation of racial segregation in
public schools, the workplace,
public accommodations and
even on the playing fields."
It took another 99 years
before the Civil Rights Act of
1964 was passed to end segre-
gation and discrimination offi-
cially.
And, then only after the


WORLD VIEW -


advocacy and rebellion of Mar-
tin Luther King Jnr, Malcolm
X, Rosa Parks, and the black
panther movement. By then, it
had become clear to those who
held the reins of power in the
US that their society could not
survive "half-free and half
slave" as Republican Abraham
"Lincoln had put it in 1858 when
he failed to be elected to the
US Senate.

Unpalatable
The 44 years that have
elapsed since the passage of the
Civil Rights Act have been a
period of gradual change in
America's race relations a sea
change in some parts of Amer-
ica, but not in all of it.
But, at least change enough
for the Democratic Party to put
its support behind a black man
now, and for mainstream Amer-
ica to actually swallow what was
an unpalatable pill.
What Obama's election.will
do more than anything else is
to imbue in black Americans -
and black people everywhere -
a heightened sense of self-worth
and pride in themselves.
At last their equality in the
family of mankind will be
demonstrated, acknowledged
and accepted.
In America, they will walk
with a new spring in their step
and with their heads held high-
er than at any other time in
their history.' For that reason,
America as a society will be
stronger and more cohesive -
no more a society where black
people, whose contribution to
its development is soaked in
blood, sweat and tears, are
denied access to the ultimate
levers of power.
This is the America that.the
rest of the world will see. It will
be an America that has shown
itself able to overcome its prej-
udices, to confront its own evils,


and ) triumph over them. It
will L; an America that the rest
of the world can respect.
Of course, while overcom-
ing the issue of race has been a
major factor in this election, it
has not been the only contribu-
tor to Barack Obama's election.
Eight disastrous years of the
George W Bush Republican
administration both at home
and abroad, put the Democrat-
ic Party in a'commanding posi-
tion from the beginning.
Seeing the back of the
Republicans was an over-
whelming desire for all but the
card-carrying, die-hard sup-
porters.
John McCain shot himself in
the foot and boosted Obama's
chances by choosing Sarah Palin
as his running mate.
Delicious to the male eye as
she undoubtedly is, her extrem-
ist outlook and her obvious lack
of intellectual capacity fright-
ened all but the reddest of red-
necks in America.
The length and depth of the
Democratic Party campaign for
its nominee also helped, for it
gave Obarpa prolonged and
intense national exposure that
allowed him to convince a large
proportion of white America
that he was not a threat to them;
that he is as American as they
are; that their way of life, their
beliefs and their hopes would
not be imperiled by his Presi-..
den .
'I nis, incidentally, is some-
thing that the non-white peo-
ples of the world, including
those in the Caribbean, have to
understand.
Barack Obama will not be
the "black-American" President
of the United States, he will
simply be the "American" Pres-
ident.
In all things, America will
come first.
That is why countries in the
Caribbean who want Obama's
attention should recognize that
they *vill not gef it on the basis
of race.
He will be preoccupied with
the problems of the US, not
least an economy in recession
tha quireses urgent fixing; get-
ting out of Iraq; resolving
Afghanistan and coming to an
accommodation with a resur-
gent Russia.
To get Obama's attention,
Caribbean governments require
a mix of solid diplomatic work
in Washington supported by
well-placed lobbying groups.
Responses to: ronald-
sanders29@hotmail.com to:ronaldsanders29@hotmail.co
m>
(The writer is a business con-
sultant and former Caribbean
diplomat)


John McSain


PRIVATE RESORT
Invites applications for the position of:

Spa Consultant

Sandals seekto identify a results-oriented and strategic thinker,
who is passionate about the health rejuvenation industry to join
its management team as Spa Consultant. The incumbent must
direct development and manage implementation of initiatives
to attain annual and strategic sales.

The applicant should have the following minimum
requirements:

* Minimum 5 years of management experience in a
cosmetology, massage therapy related industry.
* Experience in paramedical laser treatment and cosmetic
enhancement would be an asset.
* Proven ability to design and oversee all marketing,
advertising and sales promotional activities.
* Must have excellent communication skills and effective
public speaking skills.
* Ability to conceptualize and demonstrate a high degree of
original creative thinking.
* Identify business opportunities and generate new business
through various activities.
* Proficiency in use of computer software applications.
* Ability to work collaboratively with colleagues and staff to
create a results-driven, team oriented environment.
* Ability to identify, evaluate and train staff members for
management position.

Applications should be email to
cmaiora' g-p.sandals.com
Fax: 242 677-6828





1


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Invite application for the position of



STRUCTURAL ENGINEER

* Strong Architectural engineering background
* Applicaftt will be responsible for the deploying and supporting a wide range of
refurbishing staff
* Must display good interpersonal and organizational skills ability to work as part
of a larger corporate team is essential. -.
* Must be prepared to travel to offshore properties and work weekends when
required

Qualifications Bachelors Degree in one of the Engineering technology
disciplines five years supervisory experience in construction with emphasis
on assessing finishes and refurbishing work. Command basic computer
skills Microsoft Word Excel and project scheduling programs.


Applications should be email to
Cmajor(i@grp.sandals.com


US1, PRSDNI AL candff!idate IBarac !,Oba'a1


MONDAY, NOVEMBER 3, 2008, PAGE 9


THE TRIBUNE






PAGE 10, MONDAY, NOVEMBER 3, 2008


,,, ,' i, ", ~

77






POO... orTbnsa
PHOTOS: Felipdi Major/Tribune. staff '


THE ROAL.;.AHAiM .AS 33 g m.. h.I e i.A [iJ l lJhll ltl l el. hl daAwi Bt we n

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MONDAY, NOVEMBER 3, 2008, PAGE 11


THE TRIBUNE


I]








PAGE12,MONDAYNOVEMBER3,2008TLOCABNEWSHETRIBUN


i
1









d




c
i









v
t
a
I







t
c







s

n
o
n
01
II


Shootings kill one, leave man injured
FROM page one
side a house on Rosebud Street where he had been attending
a party.
"It is reported that before fleeing the area on foot, a gunman
dressed in a dark hood jacket approached and fired shots
from a weapon hitting the 21-year-old to the neck.
"The victim was transported to the hospital for treatment
and passed away shortly after 12am on Sunday," said Asst Supt
Evans.
Despite apparent similarities in the attacks, Asst Commis-
sioner Raymond Gibson told The Tribune that police have no
information to link the two attacks at the present. He said it is
not yet known if the incidents are gang-related.
Police have yet to release identities of the victims as they
have not been formally identified. Investigations have been
launched into both crimes.

Mavado's lyrics 'were

reason he was turned

away by immigration'
he took an objective approach.
FROM page one "i took into consideration
what those for it and those
not. against it had to say, but as a
"I don't want to be a part of minister I came to my own
encouraging that and that was conclusion, not the Christian
the essence of my decision in Council's conclusion," he said.
this regard. I agreed with the "We need to look at what is
Christian Council." going on in our country, we
Mavado is no stranger to need to look at the violence
governments vetoing his entry that we have now, we need to
through their borders. Accord- look at all the domestic vio-
ng to a Jamaican daily, he was lence we have now, we need
denied entry into the US after to look at what these young
he was charged with gun pos- children are saying and doing
session in Jamaica and has to each other now.
been banned from the "The lyrics that he uses, the
Caribbean island of St Vincent. fact that he promotes violence,
BAC's executive director C the connotation of what is said,
B Moss issued a statement we don't need that."
claimingg a victory for the He said that the promoters.
Bahamian people when he advertised Mavado before get-
heard of the minister's deci- ting the necessary approval and
sion to deny Mavado entry, that he took the best interest of
"Bahamas Against Crime is the country into consideration
'ery please to receive the news when he made his decision.
hat the controversial reggae A spokesperson for the pro-
artist Mavado will not be given motion company could not be
Bahamas immigration reached up to press time last
approval to enter the Bahamas night.
o perform at the Millennium Mr McCartney said he
countdown concert on this agrees with the Christian
weekend," the statement read. Council's appeal to be able.to
Bahamas against crime feels screen every artist promoters
hat this is the right decision plan to feature at their events.
and that the best interest of the, "I don't see it as censorship,
Bahamian people has been I hope we start looking at
erved." things more seriously in terms
Mr McCartney said he was of what we do tolerate," he
aot directly influenced by BAC said.
:r the Christian Council in "We need to take a stand in
making his decision, but that this country."


EPA 'presents opportunities



for Bahamian entrepreneurs'


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
THE Economic Partner-'
ship Agreement the Bahamas
has signed with Europe "rep-
resents new opportunities for
Bahamian entrepreneurs,"
said Prime Minister Hubert
Ingraham.
"It is important for
Bahamians to seek out and
benefit from these opportu-
nities," he said on Friday.
He made his comments at
the official opening of the
ll1th annual BahamArts Fes-
tival, a trade show promoting
uniquely Bahamian arts and
crafts, including jewellery,
bags, food and clothing.
Recognising that there is a
"growing interestiamong
Bahamian manufacturers to
penetrate the US and Euro-
pean markets", Mr Ingraham


said the EPA, which the gov-
ernment has signed onto, "is
meant to facilitate access for
Cariforum countries to the
European Union."
The Bahamian govern-
ment, along with other CAR-
IFORUM (caricom plus the


Dominican Republic) coun-
tries signed the EPA on
October 15 amidst a hum of
dissent from some politicians,
academics, activists and busi-
nesses in the region.
. While advocates say it will
benefit the Bahamas in the
long term, making it easier
for Bahamians to tap into
European markets, improv-
ing customs administration
and attracting more invest-
ment into this country from
abroad by making trade rules
more transparent, opponents
say the requirement to open
up more of the economy to
foreign competition and cut
customs tariffs is dangerous,
threatening future develop-
ment.
Bahamians Agitating for a
Referendum on Free trade,
an anti-free trade organisa-
tion co-chaired by Paul Moss
and Fayne Thompson, has


criticised the prime minister
for his "silence" on the issue
of the EPA.
They claimed he stood out
as one of the few leaders in
the region who did not make
any major statements
about the pros or cons of the
EPA prior to signing on to
it.
On Friday, Mr Ingraham
said the EPA has "six princi-
pal objectives, no matter what
else you may have read."
"Firstly, the eradication of
poverty; secondly, regional
integration; thirdly, integra-
tion of Caribbean states into
the world economy; fourthly,
supporting conditions for
investment and private sec-
tor development; fifthly,
improving capacity and trade-
related issues; and, finally,
strengthening the existing
relationship between Carifo-
rum and Europe."


Bahamian charged


with kidnapping, sexual


assault in US


FROM page one
restoration, two out of three mental
health experts told a judge on Sep-
tember 29, 2008, that they believe the
accused is, in fact, competent to be
tried for the crimes.
Forensic psychologists from the
Miami-Dade County treatment centre
said he has problems, but also plays
up his symptoms.


'fit for trial


The other psychiatrist, Dr Abbey
Strauss, rejected this determination.
She saw Mr Cunningham "moon"
her and urinate.in a corner during his
evaluation and believes he suffers
from neurological issues as a result
of his mother's cocaine use before he
was born or a serious head injury he
suffered as a child.
Assistant State Attorney Lanna
Belohlavek told the Sun-Sentinel she.


is prepared for a trial but, for the
sake of the victim, hopes a resolution
can be reached in the case without
one.
"I'd hate to have to put her through
that and have to re-live it in the pub-
lic eye," she said.
Circuit Judge Chuck Burton set a
December 15 trial date. Mr Cunning-
ham reportedly entered the US in
2003 on a temporary visa.


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PAGE 12, MONDAY, NOVEMBER 3, 2008


THE TRIBUNE


. , , , , .


! I ,


2C2%
















ALL THAT piece, parcel orel sy chief
lot of land situate in the ....
Subdivision called and f I
known as Yamacraw Shores W
Subdivision having the JwlI
number (99). Single family '
resideance .Pronrtnrsiz:a


Colinaimperial Insurance Ltd. will sell as mortgagee under power
contained in a Mortgage dated 28th day of September, A.D., 2004.


extremist plot


ISRAELI FOREIGN MINISTER and Kadima Party leader Tzipi Livni arrives at the weekly cabinet meeting in
Jerusalem, Sunday, Nov. 2, 2008. Israel's Shin Bet chief says he is "very concerned" that hardline extrem-
ists could assassinate an Israeli leader to foil peace moves with the Palestinians.


* By MATTI FRIEDMAN
JERUSALEM
The head of Israel's internal security service
said Sunday he is "very concerned" that Jewish
extremists could assassinate an Israeli leader in
an attempt to foil peace moves with the Pales-
tinians, according to the Associated Press. .
There has been a recent increase in violence
by hardline Jewish settlers in the West Bank,
and this week, Israel marks the 13th anniver-
sary of the assassination of Prime Minister
Yitzhak Rabin by an Israeli opponent of his
negotiations.
"Just ahead of the anniversary of Rabin's
murder, the Shin Bet sees in the group we're*
talking about on the extreme right a willingness
to use firearms in order to halt diplomatic
processes and harm political leaders," Shin Bet
chief Yuval Diskin said. "The Shin Bet is very
concerned about this."
Diskin spoke at the weekly meeting of the
Israeli Cabinet, and his statement was released
by another meeting participant who spoke on
condition of anonymity because the session
was closed. Opening the meeting, Prime Min-
ister Ehud Olmert warned of growing lawless-
ness among West Bank settlers. Groups of
settlers have clashed repeatedly with Israeli
police, soldiers and Palestinians in the past
week over the evacuation of an unauthorized
outpost they set up in the West Bank city of


Hebron. Alongside law-abiding settlers, Olmert
said, "there is also a significant group of people
that has cast off all authority and behave in a
way that threatens the correctness of the rule of
law, not only in the area they live in, but in the
overall atmosphere of the state of Israel, and
that is unacceptable and we are not willing to
live with it."
Olmert said the government would estab-
lish a special team entrusted with enforcing
the law among settlers. Rabin's assassination on
Nov. 4, 1995, continues to reverberate.
On Friday, two Israeli TV stations pulled
telephone interviews with his assassin, Yigal
Amir, after they were roundly condemned for
giving him exposure.
In excerpts of the interviews, Amir's first,
he said he had been inspired to commit the
assassination by criticism of Rabin's peace
moves that he heard from ex-military politi-
cians like Ariel Sharon, Israel's former prime
minister.
Sharon has been in a coma since suffering a
stroke in January 2006.
Settlers and Palestinians clashed again in
Hebron on Sunday when hundreds of Pales-
tinians held a protest against the presence of
Israeli troops and settlers in the city.
The Palestinians scuffled with Israeli sol-
diers, and settlers pulled down three Palestin-
ian flags hung by the protesters and burned
one of them.


Iraq expects answer on


security deal after US vote


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M By QASSIM'
ABDUL-ZAHRA
BAGHDAD
Iraq expects an American
response to requested changes
in a draft security pact soon
after this week's U.S. presi-
dential election, an aide to the
prime minister said Sunday.
Another Iraqi official said
the U.S. indicated it would
accept ,all the proposed
changes except one greater
Iraqi legal control over Amer-
ican soldiers and contractors.
Yassin Majeed said the U.S.
response would come after
Tuesday's vote so the presi-
dent-elect either Barack
Obama or. John McCain -
could be briefed on the Iraqi
proposals, which were sub-
mitted by Iraq's Cabinet last
week.
Iraqi lawmakers say the
changes are essential in order
to win parliamentary approval
for the deal, which would keep
American troops in this coun-
try until 2012 and give the
Iraqis a greater role in the
conduct of U.S. military oper-
ations.
Parliament must approve
the agreement before the
year-end expiration of the
U.N. mandate that allows
coalition forces to operate
here legally.
Without an agreement or a
new U.N. mandate, the U.S.
military would have to sus-
pend its mission, and the U.S


military's future in Iraq would
be up to the man who takes
office in January.
McCain supported the 2003
invasion of Iraq and the troop
surge which helped turn the
tide.
Obama opposed the inva-
sion and said negotiations on a
security agreement should be
conducted as part of a "broad-
er commitment" to begin
withdrawing the troops. Oba-
ma's campaign Web site says
the Democratic candidate
believes that the agreement
also should be approved by
Congress.
Among other things, the
Iraqis are now asking for a
ban on using their territory to
attack neighboring countries,
removal of language that
might allow the U.S. to stay
here past 2011 and changes in
a clause providing limited
Iraqi jiu'isdiction over U.S.
troops.
The current draft provides
for limited Iraqi jurisdiction
for major crimes committed
off post and off duty. The
Iraqis want a joint U.S.-Iraqi
committee to decide whether
accused soldiers were off duty
or on authorized missions.
Another aide to Prime Min-
ister Nouri al-Maliki said he
met with U.S. officials Satur-
day and was told that Wash-
ington was prepared to accept
all those changes except the
one involving jurisdiction. The
official said he urged the


Americans to compromise on
the jurisdiction request.
U.S. Embassy spokes-
woman Susan Ziadeh said the
U.S. was "still in the process of
considering carefully the Cab-
inet revisions" and would
respond soon.
U.S. officials in Washington
have described the jurisdic-.
tion demand as a-non-nego-
tiable "red-line."
Privately, many Iraqi offi-
cials say they need U.S. troops
to guarantee the security gains
of the past two years until
Iraq's army and police are
ready to do the job. Publicly,
however, many lawmakers
have been reluctant to declare
a position on the agreement,
fearing a backlash from Iraqis
. who want foreign forces to
leave. Iraqi authorities are
feeling more confident since
a sharp drop in violence in the.
country after the Sunni revolt
against al-Qaida and the rout-
ing of Shiite militias in Bagh-
dad and southern Iraq last
spring.
Still, attacks continue,
although at a lower level, and
U.S. officials warn the gains
are reversible.
Lt. Gen. Nasier Abadi, the
Iraqi army's deputy chief of
staff, said the military had
drawn up a report on its capa-
bility to defend the country
"in case the friendly forces
withdraw." He did not elabo-
rate.


MONDAY, NOVEMBER 3, 2008, PAGE 13


THE TRIBUNE





PAGE 14. MONDAY NOVEMBER 3. 2008 THE TRIBUNE


i% l

K^ F
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(Excluding Net Items and New Arrivals)
for the Entire Month of November!


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THE TRIBUNE


PAGE 14 MONDAY, NOVEMBER 3, 2008


' L . -







THE TRIBUNE MONDAY i "l , il lr NOEME 3l,,-L 200*l,1 PAGE


,* '.. -,- i :. .. ." . '. .


., '. -: ,, ," ^ .' , ,.,.
(44i.,


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47
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Top left British American Financial (Independence Drive), Higgs & Johnson (right), Taylor's Industries, Nurse Sorij&kie (Sister Sister Breast Cancer Support
Group), Bramer General Insurance Agency, UBS, Graham, Thompson & Company, Xavier's Lower School, The C irtthe Bahamas

In support of the Cancer Society and the Sister Sister Breast Ca ppOrtGroup's effort to raise and
promote awareness of the disease, British American Financialhostedt-he 12th Annual Lee National
Denim Day during the month of October,. The international eventtai1es place on the first Friday of
October, during the month long awareness campaign. We say TH-ANKYOU to our spokesperson P.arm
Burnside, participating companies, schools and and organizations who made donations and wore
pink shirts with pink ribbons in solidarity with cancer survivors.





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THE TRIBUNE










TRIBUNE


MONDAY, NOVEMBER 3, 2008


'Uncharacteristically


firm'interest spreads

By NEIL HARTNELL
Business Editor
BANK interest rate
spreads are "uncharacteris-
tically firm", a leading
banker has told Tribune
Business, with' deposit rates
remaining high despite plen-
tiful foreign currency .
reserves and excess liquidity
in the system.
Paul McWeeney, Bank of
the Bahamas International's
managing director, said inter-
est rate spreads the differ-
ence between lending and
deposit'rates were still
under pressure from the
squeeze imposed by deposit rates that were relatively high
given the time of year and system conditions.
Saying he "had experienced where [deposit] rates were 6.5
per cent, whichis high for this time of year", Mr McWeeney
added that banking sector interest spreads and margins
were "uncharacteristically firm" as a result.
"You would think that higher liquidity and foreign
reserves would bring deposit rates down, but they're hold-
ing firm," Mr McWeeney told Tribune Business. "It's
uncharacteristic to see high rates at this time, when reserves
are so strong.
"Maybe there's an expectation that funds will become
tight later on, and banks are holding back."
'Despite the depressed economic environment, several
key banking system indicators remain in good health. The
nation's foreign currency reserves stood at just under $650
million as at September 20, 2008, according to the Central
Bank of the Bahamas, while
excess liquidity the amount of surplus assets available for
lending purposes in the banking system was more than
S$300 million. The money supply alone should be enough to
keep deposit rates down.
Meanwhile, Mr McWeeney said the Bahamian commer-
cial banks were "very close" to going live with their Auto-
mated Clearing House (ACH) electronic payments system,
which should boost the efficiency and integrity pf the econ-
.. omvy's payrment system . ..: ... .... ....
The Clearing Banks ,SEE page 9B



Bahamas bank's

profits drop 56%


* By NEIL HARTNELL
Business Editor
BUTTERFIELD Bank's
Bahamian operations saw their
2008 third quarter net income
fall by almost 56 per cent year-
over-year, a drop its Bermuda-
based parent blamed on a drop
in investment and pension
administration revenues.
In a statement on the perfor-
mance for the three months to
September 30, 2008, Butterfield
Bank said the net income drop
at its Bahamian operations -
from $0.9 million last year to
$0.4 million came after total
revenues fell 14.8 per cent to
$2.7 million.
It blamed both declines on "a


Butterfield has
76.5 per cent
mortgage growth
bright spot

decrease in revenues from
investment and pension fund
administration".
Yet a major bright spot for
the Bahamian operations was a
76.5 per cent year-on-year
increase in its loan portfolio,
due to a spike in lending
demand,
Meanwhile, assets under
SEE page 8B


Economy can 'easily
contract by 1-1.5%

* By NEIL HARTNELL
Tribune Business Editor
THE Bahamian economy
could "easily contract by 1-1.5
per cent over the next year"
unless.the Government "aggres-
sively" implements its major
infrastructure projects, a leading
financial analyst has warned.
Anthony Ferguson, president
of CFAL, the former Colina
Financial Advisors, told Tri-
bune Business: "Unless the
Government aggressively
implements some of the capital
works to.mitigate it, you could
easily see a contraction in the


SEE page 9B


Retailers facing 'toughest'



environment for a decade


* By NEIL HARTNELL
Business Editor
Bahamian retailers
are facing their
toughest trading
environment in at
least a decade,
with one well-known operator
having laid off 10 per cent' of
staff, placed the remainder,on
three-day weeks and closed two
high-cost stores.
Andrew Wilson, the retail,
entrepreneur who owns John S
George, Quality Business Cen-
tre (QBC), the Radioshack
franchise and a host of fashion
formats, told Tribune Business


* John S George survival 'touch and go', with company laying-off 10 per
cent of staff, moving to three-day week and closing Lyford Cay locations
* Company owner says 'inevitable' many retail businesses will fail after Christmas
* Deep discounting in sector hit by reduced sales and soaring energy costs
* Robin Hood sales off 4-10 per cent below projections, with company
saving thousands from energy and water conservation


that the current outlook for the
Bahamian retail sector was
"without a doubt" far bleaker
than in the immediate Septem-
ber 11 attacks aftermath,
"There's no comparison," he
said. "This is the toughest it's
been in at.least the last eight to


.10 years."
And with the Bahamian
economy's economic recovery
predicted to start only 12-18
months from now, Mr Wilson
added: "I don't know whether
we're going, in the next two to
three years, or even five years,


to again enjoy the robust retail
environment we experienced in
the past four years."
While sales at QBC,
Radioshack and his fashion out-
lets were all down against prior
SEE page 4B


'Probably' 50% of loan applicants now turned down

* By NEIL HARTNELL Bank sees non-accrualloan improvement after year-e d,
- Business Editor "
Business Editorith 0.85 per cent average asset return not bad', .
AN estim ated per cent o loan appli- Hopeful on new head office, as significant busing s risk"
ants are now probably" being turned' pe
down, a leading banker told Tribune Busi- with four-location split '
ness, as Bahamian commercial banks tight- with new
en their lending criteria to guard against Miami branch pays dividends with 4,700 new accounts,
increased risk from the economic down- glitches to be thing ofthe past by year-end
Paul McWeenevy,Bank of the Bahamas
International's managing director, said the Business. "In the past, probably one in four Bahamas.
tougher lending criteria imposed by [loan applicants] were turned down. Now, And with excess liquidity the anrount of
Bahamian clearing ,b vi' %as a natural probably two in four are turned down." surplus assets available for lending purpos-
respons to the economic uncertainty.: Tw6 key ingredients for increased lenaing es in the banking system still standing at
"\ith many applicants especially those i,',.' remain place despite the depressed eco- more than $300 million, fund availility is ,
the tourism and construction industries norifcAwviionment, with the nation's for- not an issue for Bahamian clearingbanks,.T
now on lower incomes. ign currency reserves standing at ust under unlike their US counterparts. .
eras beensome tigenmg ln ,n M .-- Tr'5on'I-if ltprthb GIG -.--
ing qt'ality,"' Mr McWeeney-told Tribune' accordingto the Central Bank of.the See LOAN, page 2B


L


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Union election row holds up




industrial deal's ratification


* By CARA BRENNEN-BETHEL
Tribune Business Reporter
THE Industrial Tribunal's registra-
tion of an industrial agreement
between Caribbean Bottling Company,
the Coca-Cola producer/distributor,
and the union representing its workers
has been delayed due to the ongoing
dispute over its recent elections.
An October 8, 2008, letter from the
Industrial Tribunal's secretary, Patren-
da Russell-Brice, said it had been
advised by the Registrar of Trade
Unions that a Supreme Court case
involving himself and the Bahamas
Commercial Stores, Supermarkets and
Warehouse Workers Union was still


before the Supreme Court.
Referring to the industrial agree-
ment between the union and
Caribbean Bottling, she added: "The
Registrar has advised that the union
is not duly constituted and, as a result,'
no signatories of that forwarded indus-
trial agreement in draft are duly elect-
ed to carry out the business of the
union.
"In these circumstances, once the
Registrar of Trade Unions advises the
Industrial Tribunal that the union has
been duly constituted, the pending
Industrial Agreement will be process
for registration."
Without that registration by the
Industrial Tribunal, the industrial


agreement is not ratified, and there-
fore cannot be implemented. The
October 8 letter was addressed to Wal-
ter Wells, president of Caribbean Bot-
tling, Elgin Douglas, the union presi-
dent and Michael Reckley, the indus-
trial relations consultant for Caribbean
Bottling.
The Registrar of Trade Unions is
the director of .labour, Harcourt
Brown. Mr Douglas, in response, wrote
in an October 16, 2008, letter that the
union had obtained a 30-day Supreme
Court injunction on June 16, 2008, to
prevent Mr Brown from nominating
officers and carrying out an election
for the union.
He then alleged that the union was


now waiting for the Attorney General's
Office to notify it of another court date
at which the latter's action to strike
the matter out would be heard, some-
thing the union has "no objection to".
However, Mr Douglas said the union
then went ahead with its elections in
accordance with its constitution, and
a slate of officers was elected unop-
posed. Yet the letter hinted at divi-
sions within the union itself, as it
referred to the Executive Council "vot-
ing unanimously to reject" forms that
were allegedly not completed proper-
ly.
Mr Douglas told Tribune Business
that if there was a problem with the
results, rather than notifying the Indus-


trial Tribunal Mr Brown should have
voiced his concerns to him.
Tribune Business also spoke with
Mr Brown, who maintained that the
union did not hold proper elections.
He alleged that not all the members
who wished to vote were given the
opportunity. As a result, he had no
choice but to inform the Industrial Tri-
bunal.
Mr Brown added that there were
some internal issues within the union
that should be addressed, and were
separate from the Department of
Labour.
He expressed a willingness to met
and discuss away forward with Mr
Douglas whenever possible.


LOAN, from 1B


Still, Mr McWeeney said the
banking sector's lending
appetite was "soft" due to the
uncertain economy. The main
issue facing Bahamian home-
buyers and other potential bor-
rowers is not availability of
financing but whether they
qualify and can access it, given
that the problems afflicting
many industries mean their
employees represent higher
credit risks.


Bank offthe Bahamas Inter-
national saw its percentageof
non-accrual loans, meaning
those that are 90 days past due
with three payments or more
missed, increase from 3.65 per
cent to 4.84 per cent of its total
portfolio during its 2008 finan-
cial year.
Only $25.47 million of its
$522 million loan book was clas-
sified as non-accrual, with mort-'
gages being the main compo-


nerit. Mortgage loans, as at the
June 30 year-end, stood at 45
per cent or $11.93 million of the
non-accrual portfolio, having
increased by 74 per cent over
the previous year's $6.604 mil-
lion.
Somewhat surprisingly, since
15 per cent of all commercial
banking system loans are either
30 or 90 days past due, as busi-
nesses bear the initial brunt of
the downturn, Bank of the


Bahamas International's non-
accrual commercial loans
remained relatively flat.
Mr McWeeney said his
bank's commercial and mort-
gage loans were all well-
secured, and while non-accrual
.consumer loans had doubled
from $2.238 million at year-end
2007 to $4.849 million at year-'
end 2008, those were all fully
provided for once 180 days past
due.
He added thif since the 2008
year-end, Bank of the Bahamas
International had seen "some
improvement" in its non-accru-
al loans, largely as a result of
heightened collection efforts
and clients in trouble coming
into the bank to re-w(*k those
loans.
However, Mr McWeeney
said the practice of clients -
whose loans had slipped into
arrears avoiding their banks,
as opposed to confronting the
problem, was systemic" and
something the Clearing Banks
Association would shortly
address.
The Bank of the Bahamas
International chief said there
were numerous ways that banks
could assist clients struggling to
make their payments, with fore-
closures and repossessions being
'1he la's option they whnited to
'taake. The two' most tco~tion
methods are to either extend
the loan's term or reduce the
monthly payments temporari-
ly, the latter usually involving
making something like a mort-
gage interest-only for a speci-
fied time.
Bank of the- Bahamas Inter-
national's net income for 2008
declined by around 40 per cent


to $6:1 million compared to the
previous fiscal year, something
that was largely, attributed to
the $2.975 million loan loss pro-
vision charged to operating
expenses.
. Elsewhere, a change in
accounting policy that-now rec-
ognizes loan commitment fees
across the loan's lifetime, as
opposed to upfront, saw Bank
of the Bahamas International's
fee income drop by $1.58 mil-
lion, while it also took a
$890,822 provision against dif-
ficulties it experienced in trans-
action processing as a result of
converting to a new banking IT
system. ta
Without that, Bank of the
Bahamas International said it
would have beaten 2007's net
income figure. However, ordi-
nary shareholders will not
receive all the $6.1 million net
income, as Mr McWeeney con-
firmed that figure was before
some $562,500 was payable to
other equity holders the pref-
erence shareholders. As a
result, the ordinary sharehold-
ers' share is likely to be around
$5.5 million.
"There's so much uncertainty
out there that I felt we had to
pad the balance sheet as much
as \%e can," Mr McWeeney told
Tribune Business of the provi-
sioning move. "A 0.85 per cent
average retuinon assets is not
bad for a commercial bank.
"There were some tough
decisions we had to make this
year, but they were necessary..
The loan portfolio is performing
extremely well right now, we
believe we've contained any
problems, and are well-posi-
tioned for any hard times in the


future."
Mr McWeeney said the bank
anticipated that all issues sur-
rounding its new 'core banking
system' and the processing of
transactions would be dealt with
"by the end of the year". He
explained that the problems had
stemmed from the "realignment
of operational procedures" not
being co-ordinated with the
bank's timelines:
Mr' McWeeney said the
bank's operational expenses
also increased year-over-year
in 2008, largely due to the hiring
of 50 extra staff to man its two
new branches in Cat Island and
Miami.
The latter was already "pay-
ing dividends" as it had attract-
ed the lion's share some 4,700
of the 5,000 new chequing and
current accounts, plus fixed
deposits, that came Bank of the
Bahamas International's way in
2008.
Mr McWeeney said the bank
was also assessing plans for its
new West Bay Street head-
quarters "very closely"'. It'
already had "some prospective
tenants lined up", and once they
were secured the initiative
would moye forward eco-
nomic conditions permitting.
Bank of the Bahamas Inter-
. .nationali-eededto "-jn,.AeSiuf
-We-ff'sTee bhe"rfiture"'5&tr", -
Mr McWeeney explained,
adding that the West Bay Street
complex would deliver "cost
savings and improvements in
efficiency".
"Right now, there is signifi-
cant business risk by having the
head office split among four dif-
ferent locations," Mr
McWeeney said.


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PAGE 2B, MONDAY, NOVEMBER 3, 2008


r17 E". E) A. L. r, I C.) F`


THE TRIBUNE







'IVI'JI 'J /I M I, I J. V L IVIL L I 1 ,'-V I V I.-" -.. .


Kerzner hasn't




notified BHCAWU




of any impending




redundancies


* By CARA BRENNEN-
BETHEL
Business Reporter
DESPITE the numerous
rumours circulating about mas-
sive lay-offs at Paradise IBland's
Atlantis resort, a senior hotel
union executive told Tribune
Business that its owner, Kerzn-
er International, had not noti-
fied the union about any
impending redundancies.
Leo Douglas, the Bahamas
Hotel, Catering and Allied
Workers Union secretary-gen-
eral, said he had been bom-
barded with phone calls about
massive lay-offs involving at
least 1,500 persons from early


last week.
However, given that Atlantis
and Kerzner International had a
good working relationship with
the union, and would likely
inform it prior to any redun-
dancy decisions and notices
being handed out, Mr Douglas
implied it was unlikely drastic
lay-offs were being contem-
plated at least not yet.
Mr Douglas said the hotel
union was expected to meet
shortly with Kerzner Interna-
tional, and the issue of employ-
ee work days is likely to be on
the agenda. .
In the absence of any clarifi-
cation from Kerzner Interna-
tional and Atlantis, it appears


S SI'd IONfif






SAL

Singl Iefaily &)emult i famU ily ots

avalalefo sleinWet lae


the likeliest scenario is that the
former is doing everything pos-
sible to avoid having to lay-off
any of the estimated 8,000-9,000
staff it employs on Paradise
Island.
Speculation has surfaced on-
and-off over the last few months
that Atlantis has been preparing
to reduce head count, with the
numbers involved rumoured to
range from 500 up to 1500.
Nothing, though, has come to
pass yet.
It appears as though Kerzner
International is doing every-
thing it can to avoid lay-offs, to
the point of encouraging
Bahamian staff to accept posts
at its latest resort, the carbon-
copy Atlantis'-The Palm in
Dubai.
The timing of any redundan-
cies may now also work against
Atlantis,, as it may well require a
full staff complement for the
upcoming Thanksgiving and
Christmas holiday seasons. The
former is only three to four
weeks away, and it would be a
strange move to make persons
redundant only to have to re-
hire them shortly afterwards.
Still, there is little doubt that
the major drop-off in tourism
arrivals as a result of the Wall
Street crash, credit crunch and-
US economic downturn has
caused a major belt-tightening
at Kerzner International's Par-
adise Island properties.
Several sources have sug-
gested to Tribune Business that
company management is also
. concerned about the potential
implications for continuing to
.service the several billion dol-
lars worth of debt Kerzner .
International took on when it
went private and delisted from
the New York Stock Exchange,
with Sol Kerzner and his pri-
vate equity partners buying out
all the minority investors.
With Atlantis, the main prop-
erty, not performing as expect-
ed, income streams to service


that debt may be somewhat
reduced.
Overall, it is likely that
Atlantis and Kerzner Interna-
tional will try to hang on into
the New Year and assess the
Christmas and Thanksgiving
numbers, but if they are poor
then major redundancies are a
real possibility given the eco-
nomic climate. They would ce r-
tainly not come as a surprise,
and could even be raised at the
next meeting with the hotel
union.
Meanwhile, Mr Douglas said
Bahamians had to be more will-
ing to adapt to change and seek
international employment
opportunities, rather than
remain in a stagnant economy.
He told Tribune Business he
was disappointed that, despite
the challenges facing the
Bahamian hotel industry and
the fact that many employees
were on two to three-day work
weeks, more Atlantis employ-
ees were unwilling to move to
Dubai when asked if they would
consider relocating to Kerzn-
er's property there.
"People need to be willing to
get off this rock and gain.some
exposure, particularly when
they know how difficult it is
right now," Mr Douglas said.
. "A number of cruise ships are
also recruiting. Bahamians need
to stop waiting for work and go
out where it is, come out of
their comfort zone.and go
where the wbrk is. This is what
they did back when they had
the contract, aid many Bahami -
ans 6 ,,6-ork o
.the fa ...


Home equity boost


planned for clients


of Mortgage Corp.

THE Government is planning to amend 1i1'
legislation governing the Bahamas Mort- --
gage Corporation to allow its borrowers TH
to obtain home equity loans from it. j f.
Prime Minister Hubert Ingraham said this y i, '
weekend. ) ,
Addressing the Corporation's 25th
anniversary banquet at Cable Beach, Mr '. r
Ingraham said the Government would I" J(UII)
S"permit you to be more responsive to the ,. ) n-.,
needs of good customers by accommo- T0tuw
dating loans (for specific purposes) against ,S I d,
the equity in their mortgaged homes". 'i ',
Homeowners who already hple an nrloif J
existing mortgage are able to refinance it, vi"-;/
and potentially borrow a higher amount,-; rrtn
via a home equity loan. The loan is secured by using the real ,uf,'/,
estate or property as collateral. nd if the appraised value has
increased then borrowers are able to borrow more against this
additional equity hence the name "home equity loan'. .)
Adding that the Government was re% iew ing the role played
by the Housing Commission in assessing the ability of would- .liiI
be borrowers to obtain financing from the Bahamas Mortgage i \
Corporation (BMC), Mr Ingraham said a recent case brought ri ,
to him showed why the Corporation needed to offer re-mort- rT 3.
gaging and home equity loan services. i ,,P
The Prime Minister said: "I was recently alarmed to learn ,,;
from a former borrower from BMC that she had recently lost .
her home after 19 years of ownership. .r- m
"She informed me that she had transferred her home mort- \il ,p
gage from the BMC to a commercial bank, where she was per-
mitted to borrow (to cover legitimate debts related to home ,a,
repairs and the education of her children) against the equity sheiq ,
held in her home. '
"Of course, that loan cost money for its transfer, and anoth-
er set of legal fees and government taxes, and it was at a high-.
er interest rate. With the downturn of the economy and redi-
tion of her household income she was unable to keep up
her higher monthly payments. Now. after all these years, shbas
once again without a home."
Mr Ingraham added: "Therefore, to the extent possible, '.
want to assist BMC mortgage holders from finding themsely$
compelled to seek new mortgages for their homes, at high
interest rates, should they have to refinance their home moe
ages. 'i
"Also. amendments to the law will increase the level of Gi
eminent Guaranteed loans to $250,000 more than doll
the current level and we will permit the value of the land to
included in the value of a Government Guaranteed Loan.'
The Prime Minister urged the Mortgage Corporation tN
increase its lending to borrowers other than those in govern
ment subdivisions, and said his administration would re-exam-
ine the current criteria for Government-insured loans and
reduce the fee payable for them.
He confirmed the $18 million building being constructed "
next to the Ministry of Works and Bahamas Telecommunica-
tions Company (BTC) head office on JFK Dnve will not be the -
new home for the Bahamas Mortgage Corporation, as on jy' "-J
Smintended. A. different property will instead be..d.


Public Utilities Commission




TELECOMMUNICATIONS ACT (Ch. 304)
SECTION 6(5)

NOTICE OF PUBLIC CONSULTATION
DISPUTE RESOLUTION PROCEDURES

The Public Utilities Commission (PUC) in exercise of its powers and functions under
Section 6(5) of the Telecommunications Act (Ch. 304) gives notice that it is conducting
a Public Consultation on DISPUTE RESOLUTION PROCEDURES between
14 October and 10 November, 2008. The purpose of the Public Consultation is ,
for the PUC to set out a framework and the methods by which it proposes to undertake
to resolve telecommunications-related disputes between licenced service providers.'

The PUC invites and welcomes comments and submissions from members of the
public, licenced service providers and other interested parties on its consultation
document on Dispute Resolution Procedures. After the public consultation closes.
the PUC will issue a Statement of Results on the public consultation.

Persons may obtain copies of the public consultation document either in:

(1) In printed booklet from the PUC Office, Agape House, Fourth Terrace East,
off Collins Avenue, Centreville, Nassau; or

(2) By downloading it frori the PUC Website at www.pucbahamas.gov.bs'

Persons may send their written submissions or comments on the public consultation
document to the PUC either:

(a) By hand, to the PUC Office, Agape House, Fourth Terrace East. off Collins
Avenue, Centreville, Nassau; por

(b) By mail, to the Executive Director, Public Utilities Commission, P.O. Box
N-4860, Nassau, Bahamas;, or


- 4
I i-


(c) By fax, to (242) 323-7288; or


(d) By e-mail, to info@pucbaharnas.gov.bs

The deadline for receiving submissions and comments is 5:00 PM on 10th November,
2008.


Dated 6th October, 2008
Michael J. Symonette
Executive Director
Public Utilities Commission
Agape House
Fourth Terrace East, Centreville
P.O. Box N-4860
Nassau, Bahamas.
Fax: (242) 323-7288

E-mail: info@pucbahamas.gov.bs


A..


liii


SECURITIES COMMISSION OF THE BAHAMAS
EMPLOYMENT OPPORTUNITY

The Securities Commission of The Bahamas (the Commission), a statutory
agency responsible for the oversight, supervision and regulation of the
investment funds, securities and capital markets in or from The Bahamas, as
well as the supervision of Financial and Corporate Service Providers, invites
applications from qualified Bahamians for the followiAg position:

Senior Field Examiner
Responsibilities:
* Conducting on-site inspections of entities licensed or registered by the
Commission.
* Assisting in the enforcement process addressing deficiencies identified
in the inspection.

Qualifications and Experience:
* Bachelor's degree in Accounting or Finance
* 2 4 years experience in auditing or public accounting
* Knowledge of the securities industry a plus
* Supervisory experience

Competencies:
* Excellent oral and written communication skills
* Proficient in computer skills (Microsoft Office applications, particularly
Word and Excel)

A' competitive salary and benefits are being offered. Interested persons should
submit applications in writing marked "Private and Confidential" to:

MANAGER CORPORATE AFFAIRS
SECURITIES COMMISSION OF THE BAHAMAS
P. O. BOX N-8347
NASSAU, BAHAMAS
Fax: 356-7530
E-Mail: info@scb.gov.bs
Applications should be received no later than November 11, 2008


i iBUINESS


I It I t -IDi UtN "













Unions leaders urge minimal involvement from government


* By CARA BRENNPN-BETHEL
Tribune Business Reporter
TRADE union leaders are adamant
that the Government should have lim-
ited involvement in the daily affairs
and running of labour movements. Tri-
bune Business spoke with several
union heads, who said that labour
should be allowed to conduct its own
affairs with limited interference by


government unless absolutely neces-
sary.
Obie Ferguson, the Trades Union
Congress (TUC) president, said labour
must be allowed to function without all
the power lying with the minister
responsible. He said he objected to
any restriction upon the labour move-
ment as a matter of principle.
Huedley Moss said that in his opin-
ion the current labour law should not


be amended until the regulations inside
are enforced.
He pointed out that, currently, there
was insufficient recourse if an employ-
er decided to violate the terms of an
industrial agreement because it was
such a long, drawn-out process.
"Basically, if there is a dispute, it
must be taken to the Industrial Tri-
bunal td be disputed, and that is a long,
drawn-out process that lasts 16-18


months. Very few, Bahamians have the
kind of patience to follow that
through," Mr Moss said.
He added that in cases where an
employer does not live up to the terms
of an industrial agreement, particular-
ly where it concerns settlement, "the
Government does need to have some
disincentive in place for employers."
Mr Moss said that employers were
often ordered to make restitution, but


there were no repercussions if they
failed to do so.
However, he said that also needs to
apply to trade unions, who do not com-
ply with the laws either.
In particular, Mr Moss said the law
provides that employees involved in
"wild cat strikes" should be terminat-
ed, but said that often government
workers feel that they can conduct
strikes without fear of termination.


Retauilers fac~ring 'tomughest' e~nv'iiro mnit fouradec~~ruad


FROM page 1B Business: "John S George con-
tinues to remain extremely chal-
lenging.
year comparatives, Mr Wilsoni "We've just reduced our staff
said they all "continue to do in John S George substantially
well", leaving the John S across-the-board. I think in total
George business that he that we had to let seven go,.
acquired in 2007 as his greatest between' 10-15 per cent. Most
challenge. of our redundancies took place
Hinting that John S George's at a combination of our ware-
survival was tenuous and being house and Palmdale locations.
assessed on a quarter-to-quarter The remaining staff have been
basis, Mr Wilson told Tribune put on three-day work weeks."




TEA F URNITUK T


SALE r

10-50% OFF
Gifts, Handicrafts & Batik Clothing
Oct. 10- Nov.3, 2008
OPEN 10am 5pm
KURA KURA

26 Virginia St., Tel: 325 1389
1 blk west of Hilton hotel entrance, in large two storey
turquoise building, on one way westbound street.
KURA .


John S George employs namely soaring energy and
between 60-70 persons, and Mr gasoline prices. So, while retail-
Wilson added that the company ers and other businessmen have
had closed two outlets one seen the top-line revenues
under the John S George brand, shrink, they have also been
the other under ACE Hardware squeezed from below by rising
at the Lyford Cay Shopping operating costs.
.-Centre. Timing has to.date worked
He explained: "We found against Mr Wilson's John S
that the extra high rent and George purchase, as he was
operating expenses out there forced to invest between $1-$1.5
[at Lyford Cay] was not con- million in trying to resurrect and
ducive to the type of business revitalise the store chain after it
we were in, especially in these had been left in a downward
times. spiral by its former owners.
"We've moved out of the He told Tribune Business
Lyford Cay Shopping Centre that spiraling electricity costs
completely. We've consolidat- had been a key factor in John S
-ed in Cable Beach as far as the George's troubles, with the
west is concerned, and in the monthly BEC bill for the Palm-
next 30 days we will be making dale store alone having hit
an appraisal of all the locations $14,000-$15,000. The fuel sur-
we're in. charge, Mr Wilson pointed out,
"In the times we're in, every had this summer been 2-2.5
location has to carry its own times' the basic tariff rate.
weight to exist:..... We would "That's not an increase you
like John S George to survive. It can pass on to the consumer,"
remains very challenging. It's a he explained. "And what we're
touch and go situation, and we finding is that you need to
have to reassess it from quar- deeply discount just to move
ter-to-quarter." inventory."
Apart from Cable Beach and He added that the retail
its main Palmdale store and industry's difficulties had been
warehouse, John S George's further exacerbated by the Gov-
remaining outlets are at Inde- ernment's 2008-2009 Budget
pendence Drive and the Har- decision to raise duty rates on
bour Bay Shopping Centre. hundreds of imported items, a
In common with all other tax increase that could not have
Bahamas-based businesses, come at a worse time.
retailers across-the-board have Mr Wilson said John S
been squeezed by a reduction George's imported inventory
in sales revenues due, to a drop had "by and large, across the
in customers' disposable board, gone up in duty by 3 per
incomes and spending power. cent", which was not something
Apart from lay-offs and that could easily be passed on to
reduced work weeks, particu- consumers.
larly in the construction and Sandy Schaefer, Robin.
hotel sectors, another factor H od's president, agreed that
; th~at' baderclfyngtiltaidda jth4eurrent.econ6oiic do~ntirn
has Isq, impated.b, ss', wo d present his business with
its- ost challenging trading con-
ditions in recent memory.
"It's probably at its most chal-
lenging for us in many, -many
years," he told Tribune Busi-
ness when contacted in Pana-
ma on a buying trip.
"It requires us to think out
of the box, and stay ahead of
everyone else in marketing the
A place, pushing it and merchan-
dising..I would say it's [2009]
H going to have its tremendous
challenges; but interwoven in
that, it's going to have some
great opportunities."
Mr Schaefer noted that many
US retail businesses were failing


or closing stores, adding: "There
is no way that the Bahamas is
going to escape that trend. I
think you're going to see a few
people fall by the wayside."
He added that Robin Hood,
which has completed the more
than three-fold expansion of its
store and moved into the food
business, was currently "within
10 per cent, sometimes 4 per
cent", of its aggressive sales pro-
jections for the new facility.
"Sometimes people are at
their best when things are at
their worst," Mr Schaefer said.
"Whenever you go through a
trying time like this, it forces
every businessman to become
resourceful and sharper, find-
ing ways to cut costs, improve
efficiency, and the quality of
goods and the business.
"Those are habits that they
should have been doing in the
first place. Then, when things
have turned around, the busi-
ness should be even more prof-'
itable."
Mr Schaefer said Robin
Hood had moved to do just
that, lowering its electricity bill
by installing, energy-efficient
refrigeration and air condition-
ing systems. The company's
programmable thermostats
were saving $15,000 per month,-
he estimated.
In addition, the store's water
supply used recycled water from
the air conditioning and refrig-
eration systems, something Mr
Schaefer estimated was saving
his company some $30,000-
$40,000 per year by not having
to use the Water & Sewerage
.Corporation.
Another bright spot for
Robin Hood and other retail-,
ers, he added,v wa that Bahamia-
ans were less likely to travel to
the US for their-Christmas
shopping, meaning that the
local 'economy was likely to
increase its festive spending.
share..
For its last financial year-end
on August 31, 2008, Mr Schae-
fer said Robin Hood's sales
were up by 35-40 per cent over
prior year comparatives.
"I know we were profitable,
but we weren't as profitable as
in previous years," he said.
"That's really related to the
expansion, rather than the eco-
nomic squeeze, because. oper-
ating costs went up and capital


investment went up."
As a result, while sales had
increased by 110 per cent fol-
lowing the expansion's comple-
tion, operating costs had
increased by a similar amount.
While sales of hard goods,
such as furniture, were off 15
per cent year-to-date, Mr
Schaefer said that air condi-
tioning unit sales, for instance,
had increased by 35 per cent.
Meanwhile, Mr Wilson said
that while OBC, Radioshack
and his 'apparel stores had seen
"a substantial drop-off in sales"
compared to 2007, they were
far better placed than John S
George because they were not
carrying its debt levels and over-
head costs.
"Many of the other retailers I
speak to say it's going to get
worse before it gets better," Mr
Wilson said.
"I saw where the.President -
of the Chamber of Commerce
noted there will be a substantial
shake-out in the business sec-
tor, especially in retail, after the
holiday season, and I think'
that's inevitable.
"People are only working, two
days, three days in the hotel sec-
tor, and those are the people
we rely on to pull our stores
through."


The University
Medicine and


of the West Indies School of Clinical


Research (SCMR),


The Bahamas. in


association with the Public Hospitals Authority (PHA) invite
applications for a Refresher Course for the CAMC Examinations.
Applicants must have the following qualifications:



Graduates with undergraduate medical degrees
from tradition medical schools, which are NOT recognized
by the Caribbean Association of Medical Councils (CAMC)


The duration of the course is six (6) months consisting of Seminars
and Clinical rotations in specialties of medicine, surgery, child health,
obstetrics and gynecology, family medicine, emergency medicine
and psychiatry.


Fees for this course is $4,000.00 inclusive of registration fee for the
Examination. For registration and further details contract:


The Office of the Dean
University of The West Indies
School of Clinical Medicine and Research, The Bahamas
Princess Margaret Hospital Compound, Shirley Street
Telephone/Telefayx: (242)356-5289 or (242) 328-4934


DEADLINE FOR RECEIPT OF APPLICATIONS IS
WEDNESDAY, 19th NOVEMBER, 2008


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 wonr an
award.
If so, call us on 322-1986
and share your story.


THE TRIBUNE


PAGE 4B, MONDAY, NOVEMBER 3, 2008














Union leaders divided


on key


ILO convention


* By CARA BRENNEN-BETHEL
Tribune Business Reporter
TRADE union leaders remain divid-
ed on whether the Bahamas should
ratify the International Labour Organ-
isation's (ILO) Convention 87, which
would in essence enable any Bahamian
worker to join the union of their
choice.'
The controversial topic was once
again brought to the fore last week,
when Labour minister, Senator Dion
Foulkes, told Tribune Business that
that the
Government would "move very
carefully" if it ever attempted to imple-


ment the International Labour Organ-
isation's (ILO) Convention 87 and
bring it into law.
Stores
Elgin Douglas, president of the
Bahamas Commercial Stores, Super-
markets and Warehouses Union, and
his brother Leo Douglas, secretary-
general of the Bahamas Hotel, Cater-
ing and Allied Workers Union, agreed
with the minister.
Elgin Douglas told Tribune Busi-
ness that if Convention 87 was imple-
mented, larger unions would effectively
be able to lure employees away from


the smaller unions with incentives,
rather than explore new areas where
union representation might be needed.
"We do not want that," he added.
Leo Douglas told Tribune Business
that the Bahamas was simply too small
for Convention 87. He said the country
would be better off if it remained as is,
with a person's trade union represen-
tation being determined by the craft
they were in.
Huedley Moss pointed out that the
discussion was moot, considering that
the Government has already signed
Convention 87.
However, Obie Ferguson, Trades
Union Congress (TUC) president,
*


pointed out that there was no "bal-
ance" that needed to be maintained.
He said Convention 87 was a manda-
tory requirement for World Trade
Organisation (WTO) membership.
Mr Foulkes said last week: "It would
affect the balance that exists between
the various business houses and unions.
The Ministry of Labour is trying to
maintain a balanced relationship
between unions and the business com-
munity.
Government
'tIt [Convention 87] is something the
Government will move 'ery carefully


on, and consult extensively on, before
moving forward, especially during
these economic times.
"As a government and Department
of Labour, we have to be very careful
not to cause any dislocation in the
economy as a result of labour matters."
Mr Foulkes acknowledged that the
business community harboured con-
cerns about ILO Convention 87 -
which the Bahamas has ratified but
not implemented paving the way for
the formation of general unions,
because they feared it could pave the
way for the creation of pne all-power-
ful union representing workers in vir-
tually all companies.


GN-772


PROBATE DIVISION
2008/PRO/NPR/00680


CENTRAL BANK of the Bahamas employees providing students with information on careers within the banking
and trust sector, as well as within the regulatory authority itself...


BFSB supports Careers Fair


THE Bahamas Financial Ser-
vices Board (BFSB) has further
supported The Guidance and
Counselling Unit of the Special
Services Section of the Ministry
of Education in providing prop-
er career guidance to all stu-
dents.
The Ministry formed a
National Planning Committee
this year and, under the theme
'Career Awareness Today For
A Global Tomorrow', a num-
ber of events and activities were
planned for October, designated
National Career Awareness
Month .(NCAM).
These activities included
Speakers Circuits within sec-
ondary and primary schools,
other school-based activities, a
Scholarship Awareness Town
Meeting, and a National Careers
Fair.
The BFSB, an active partici-
pant on the NCAM Planning
Committee, agreed to coordi-
nate the participation of the
financial services sector for all


related activities, including the
Careers Fair, while other agen-
cies undertook a similar func-
tion for their respective sectors.
BFSB's annual Financial Ser-
vices Industry Careers Fest was
incorporated into the Careers
Fair, held on October 28-30 at
the Kendal Isaacs Gym, which
was attended by 9,000 students
from 65 schools.
Financial
Joining BFSB as co-sponsors
of the financial sector's partici-
pation in NCAM were the Min-
istry of Finance, Rotary Club of
East Nassau and Rotary Sun-
rise, all of which provided finan-
cial support and resources.
There were 28 financial ser-
vices-related exhibits amongst
the over 70 booths at the
NCAM Careers Fair, including
representation from the Asso-
ciation of International Banks
& Trust Companies; Bahamas
Association of Compliance Offi-


cers; Bahamas Association of
Securities Dealers; Bahamas
Cooperative League Limited;
Bahamas General Insurance
Association; Insura-ne Institute,
of the Bahamas; Bahamas Insti-
tute of Financial Services;
Bahamas Real Estate Associa-
tion; Central Bank, of the
Bahamas; Deloitte & Touche;
Ernst & Young; Eugene
Dupuch Law School; KPMG;
Ministry of Finance (including
Business Licence Unit, Customs,
Data Processing Unit, Trea-
sury); the Maritime Industry
(including Bahamas Maritime
Connexion, Bahamas Maritime
Cadets, Bahamas Maritime
Technology Training, Gadites
Maritime); Office of the Regis-
trar of Insurance Companies;
Securities Commission of the
Bahamas.
BFSB and its co-sponsors
sponsored the participation of
the Bahamas Technical and
Vocational Institute (BTVI) in
the Careers Fair.


IN THE ESTATE OF ERICH HUBERTUS
domiciled of Hamburg, Germany deceased.


WALD, late an'd


NOTICE is hereby given that after the expiration of fourteen days
from the date hereof, application will be made to the Supreme Court
of The Bahamas in the Probate Division by ANDREW G. S.
O'BRIEN H, of the Western District, New Providence, one of the
Islands of the Commonwealth of The Bahamas, Attorney-At-Law,
the Authorized Attorney in The Bahamas for obtaining the Resealing
of Certificate of Appointment as Executor in the above- estate
granted to DR. GUNTER hESS, the Executor, by the Hamburg
Local Court in St Georg, Hamburg, Probate and Administration on
the 17th day of May, 2005.

Desiree Robinson
(for). REGISTRAR



PROBATE DIVISION
2008/PRO/NPR/00681

IN THE ESTATE OF MARIA VERONICA ADAMS, late and
domiciled of 315 East Street, South Cummingsburg, Georgetown,
Guyana deceased.

NOTICE is hereby given that after the expiration of fourteen days
from the date hereof, application will be made to the Supreme Court
of The Bahamas in the Probate Division by SHANNELLE SMITH,
of the Western District, New Providence, one of the Islands of the
Commonwealth of The Bahamas, Attorney-At-Law, the Authorized
Attorney in The Bahamas for obtaining the Resealing of Probate
in the above estate granted to DAMON GRENION, the Executor,
in the High Court of The Court of The Supreme Court of Judicature,
Probate and Administration on the 18th day of February. 2008.

Desiree Robinson
(for) REGISTRAR


PROBATM DIVISION


IN THIE STATEWOF HILDA FROIIMUIIOL%, ,% HIM.DA
ULRIM, as to liwown as H T UMLRIC)4 late 0 d .icd o' the
NoAw V%,0 i toh. a n\\ Yo'd, !, ow t4t of the. u\ I'8,ic'











-Su^ Y (YAim Qk!ti, N <.'y
NOTICE, N, \aob\ Q"i\ v'il 0wt di< t ft .i I"v' day's


DCOUR


I IB he


MONDAY, NOVEMBER 3, 2008, PAGE 5B


THE TRIBUNE








PAGE 6B, MONDAY, NOVEMBER 3, 2008


THE TRIBUNE


Election to benefit some


Democratic vice presidential candidate, Senator Joe Biden poses with a
supporter after he attended a rally at the University of Florida in Gainesville
yesterday...



NOTICE





ICD UTILITIES LIMITED



TheRegistered Office of ICD Utilities Limited


has been transferred and is now' situate in the


Chambers ofMcKinney, Bancroft & Hughes, Suite


1, Chancery House, Frepport, Grand Bahama.


* By CHRISTOPHER
S RUGABER
AP Economics Writer

WASHINGTON (AP) -
Battered by the financial melt-
down, America's business com-
munity is anxiously calculating
how Tuesday's presidential elec-
tion will affect it.
Energy, pharmaceutical and
telecommunications companies
could face tax and other policy
changes no matter who wins the
White House. The outcome also
could determine how well alter-
.native energy developers,
generic biotechnology compa-
nies, stem cell researchers and
others fare.
Labour unions put major
resources behind Democrat
Barack Obama and could wind
up a big winner if he takes the
White House. Nuclear power
and the coal industry would get
a boost if Republican John
McCain prevails. Obama
promises to raise corporate tax
rates and income taxes on fam-
ilies making over $250,000;
McCain promises to cut corpo-
rate taxes and extend all of
President Bush's tax cuts. A
look at how some could fare:

UNIONS
With Obama in office and an


expected stronger Democratic
majority on Capitol Hill, unions
could achieve their top goal of
making it easier for workers to
organize. Labour wants to win-
ning passage of a measure that
would require companies to rec-
ognize unions once a majority
of employees sign cards express-
ing support.
The U.S. Chamber of Com-
merce opposes the bill. Steven
Law, the group's general coun-
sel,' said the elimination of
secret ballot votes "creates
tremendous incentives for
intimidation and harassment."
But Bill Samuel, director of
government affairs at the AFL-
CIO, says, "We see (it) as a way
to strengthen the middle class"
by enabling more workers to
push for higher wages and ben-
efits.
Obama has endorsed the
measure; McCain opposes it.

ALTERNATIVE ENERGY
AND NUCLEAR POWER
Both candidates back
expanded use of alternative
energy such as solar and wind
power through greater
spending in Obama' case and
tax credits in McCain's.
Obama proposes spending
$150 billion over 10 years to
speed the development of plug-


Legal Notice



INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)


WILLOWMERE 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), WILLOW-
MERE LIMITED has been dissolved and struck off the Register
according to the Certificate of Dissolution issued by the Registrar
General on the 15th day of September, 2008.

Mr. James Howe
PO Box 393
7-11 Britannia Place
Bath Street
St. Helier, Jersey, JE4 8US
Liquidator



LEGAL NOTICE


NOTICE


CONFIDENCE NAVIGATION
COMPANY LIMITED


Pursuant to the Provision of Section 138 (8) of the
International Business Companies Act 2000 notice is
hereby given that the above-named Company has been
dissolved and struck off the Register pursuant to a
Certificate of Dissolution issued by the Registrar General
on the 21st day of October, 2008.



Lynden Maycock
Liquidator
of
CONFIDENCE NAVIGATION COMPANY LIMITED


in hybrid cars and "commercial-
scale" renewable energy, among
other goals.
McCain favors the construc-
tion of 45 new nuclear power
plants by 2030 and spending $2
billion annually in support of
"clean coal."
While McCain has been a
critic of government support for
ethanol, most analysts think
'congressional support for the
alternative fuel would enable it
to survive under a McCain
administration.

STEM CELL RESEARCH
Few sectors have more to
gain on Election Day than the
nation's fledgling stem cell com-
panies, which long have
bemoaned the administration's
policy limiting federal money
for embryonic stem cell
research. Bush believes the
research is immoral because the
process of culling the stem cells
kills the embryo.
Both Obama and McCain
support federal spending on
stem cell research and could
move to overturn current
restrictions.
Industry executives say the
policy change would shore up
investor confidence in stem cell
developers.
"It will relieve a lot of uncer-
tainty among the investment
community that we are going
to become an outlaw industry,"
said Richard Garr, chief execu-
tive of Neuralstem.


BIOTECH GENERICS
Both candidates have
endorsed creating a pathway for
generic biotech drugs, a long-
sought goal for generic drug
companies such as Teva Phar-
maceutical Industries Ltd. and
Mylan Inc.
Unlike traditional chemical
drugs, biotech companies such
as Amgen Inc. and Genentech
Inc. face no generic competi-
tion in the U.S. because the
Food and Drug Administration
lacks authority to approve
copies of biotech medicines.
That is because biotech drugs,
which are made from living cells
or bacteria, are more compli-
cated to manufacture than
chemical drugs.
Both campaigns have praised
generic drugs as a tool to lower
health care costs.
"We know that expanding the
use of generics and eliminating
barriers to that goal must be a
centerpoint of any health
reform effort," said Dora Hugh-
es, a health care adviser for
Obama, at a recent industry
conference.
In politics, of course, not
everyone is a winner. Some pos-
sible losers include:

OIL COMPANIES
Companies such as Exxon
Mobil Corp. and Chevron Corp.
are likely to fae 'higher taxes
under a President Obama, who

SEE next page


NOTICE

NOTICE is hereby given that SAINTIRA DUMERCY
of MARSH HARBOUR, ABACO, 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 3RD day of
NOVEMBER 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.




NOTICE

NOTICE is hereby given that MERLANDE ODELUS of FOX
HILL, REEVES STREET, NASSAU, BAHAMAS, GT2291-
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 27TH day of
OCTOBER 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.



NOTICE
INTERNATIONAL BUSINESS COMPANIES ACT .
(No.46 of 2000)

TREOC INTERNATIONAL LIMITED

(In Voluntary Liquidation)

NOTICE is hereby given in accordance with Section 138 of the
International Business Companies Act, (No. 46 of 2000), TREOC INTER-
NATIONAL LIMITED, is in Dissolution
Any person having a Claim against the TREOC INTERNATIONAL LIM-
ITED is required on or before 31st January 2009 to send their name, address
and particulars of the debt or claim to the Liquidator of the Company, or in
default thereof they may be excluded from the benefit of any distribution
made before such claim is approved
The date of Commencement of dissolution was 4th day of June 2008
We, Sovereign Managers Limited cio Suites 1601-1603 Floor, Kinwick
Centre, 32 Hollywood Road, Central, Hong Kong is the Liquidator of
TREOC INTERNATIONAL LIMITED.
SIGNED
For & On Behalf Of


Soverelr a Main# a lted
iquidstor


A Prestigious Private Member Club
is seeking



AN EXECUTIVE Sous CHEF


The successful candidates should have been working
in this position for at least two (2) years.


Interested candidates are invited to submit a complete
resume inclusive of a cover letter to:


The Director, Human Resources
Lyford Cay Club
Nassau, Bahamas
Fax: 362-6245


Medical firm is accepting applications for the post
of Customer Service/Registration Clerk.

Applicants should have:

Computer Operation Skills
Ability to work shifts
Good customer service skills

Previous experience in the customer service and
medical area is a plus.

Interested applicants should send resumes via
email to nassautechjob@yahoo.com


FG CAPITAL MARKETS


C F A L"* C' OLO. CN I A 1
BIs1X LISTED & TRADED IEOCUFUTIEi AS JOF
FRIDAY. 31 OCTOBER 20 L., ..
BfISK ALL SHARE INDEX! CLOSE 1.80823 I CHO 0.88 [ %CHG 30.06t PTi. yr ,1 1 "
FINDEX' CLOSE 867.31 I Y-TD 1a. o 200o r8.2 '
WWW.BISXBAHAMAS.COM or 242-394-2603 FOR MORE IAT, '-tl OKMAT.IG-KN
52- .-HI 5.2?k-Lo-' Securl y Prev'o..a Close Today's CIOS.e Cnange Daily Vc.I EPS Div S P E Ve'd
1 95 1 51 Aba:c M.arkesi 1 71 1 71 000 0071 0 000 24 1 C 00:
11.80 11.60 Bahamas Property Fund 11.80 11.80 O.00 1.061 0.200 11.1 1.69%
9.68 7.64 Bank of Bahamas 7.64 7.64 0.00 0.643 0.160 11,9 2.09%
0.99 0.85 Benchmark 0.89 0.89 0.00 -0.877 0.020 N/M 2.25%
3.74 3.49 Bahamas Waste 3.49 3.49 0.00 0.152 0.090 23.0 2.58%
2.70 1.95 Fidelity Bank 2.37 2.37 0.00 0.055 0.040 43.1 1.69%
14.15 11.00 Cable Bahamas 14.15 14.15' 0.00 1.256 0.240 11.3 1.70%
3.15 2.83 Collna Holdings 2.83 2.83 0.00 0.118 0.040 24.0 1.41%
8.50 4.80 Commonwealth Bank (Sl) 7.30 7.30 0.00 3.192 0.446 0.300 16.4 4.11%
6.65 1.99 Consolidated Water BDRs 2.48 2.83 0.35 0.122 0.052 23.2 1.84%
3.00 2.25 Doctor's Hospital 2.77 2.77 0.00 0.256 0.040 10.8 1.44%
8.10 6.02 Famguard 7.80 7.80 0.00 0.535 0.280 14.6 '3.59%
13.01 12.00 Finco 12.00 12.00 0.00 0.668 0.570 18.0 4.75%
14.66 11.54 FirstCaribbean Bank 11.60 11.60 0.00 0.682 0.450 17.0 3.88%
6.09 5.01 Focol (S) 5.20 5.20 0.00 0.385 0.170 13.5 3.27%
1.00 1.00 Focol Class B Preference 1.00 1.00 0.00 0.000 0.000 N/M 0.00%
1.00 0.36 Freeport Concrete 0.36 0.36 0.00 0.035 0.000 10.3 0.00%
8.20 5.50 1CD Utilities 6.81 6.81 0.00 0.407 0.300 16.7 4.41%
12.50 8.60 J. S. Johnson 11.00 11.00 0.00 0.952 0.620 11.6 6.64%
1C 0: 10 u0 Pror-..er ma- Es-a.e n .C I IC.0 0 r 0 160 C0 O.O 55 6 0 00 :
ISX LISTEq DEBT SECURITIES3 (Bonds trade on a Perdentage Ploatlg basas)
52wk-HI 52wk-Low Security Symbol Last Sale Change Dally Vol. Interest Maturity
1000.00 1000.00 Fidelity Bank Note 17 (Series A) + FBB17 P.00 7% 19 October 2017
1000,00 1000.00 Fidelity Bank Note 22 (Series B) + FBB22 0.00 Prime + 1.75% 19 October 2022
1000.00 1000.00 Fidelity Bank Note 13 (Series C) FBB13 100.00 0.00 7% 30 May 2013
1000 00 1000 00 Fdelliry Bank Nc.Ie 15 tSeres DC, FBB15 100 CO O 00 Prime 1 75='.- 29 .May 2015
Fidclty Over-The--Odunter Siej'lltle ,
52pwl*--i 52v.-.Low Symol t... a 5. A S LasL Price '.eek .'c.i EPS $ DI. S P E ''le'
14 in0 14 26 Baenarr-as Supe..T.arkels n1o 0 1',60 I1 60 .0 C41 0 300 N .1i 2 ,5 .
8.00. 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 N/M 17.80%
0 54 0 20 RND Holoings 0 35 040 0 :,,C 0001 0 000 ;56 6 0 GC :
Colina Over-Tne-Cotunter Securities
1 OC, 29 OO ABDAB 38 9. .., 65 7, 40 5640 0 000 69 '0C. O 0.0:
14.00 14.00 Bahamas Supermarkets 13.80 14.60 14.00 -0.041 0.300 N/M 2.17%
0 55 040 RND Holdings ,:- 45 0 55 C. O 3 5C O, 0000 261 9 0 GO -
BISX Llsted Mutual Fundb
52-1,-P 52nk.Lo Fur.d Nfame NA YTD-. La.t 12 r.cc.nihs DI. S Y'oI -. NA'. Dale
1 33- 1 q74 1 Ccina Bornd Fund 1 3,71 3 a 4 1. 30-Sop-08
3.0250 2.8869 Colina MSI Preferred Fund 3.0250 0.81 4.78 31-Aug-08
1.4226 1.3599 Colina Money Market Fund 1.4226 3.45 4.61 17-0ct-08
3.7969 3.6368 Fidelity Bahamas G & I Fund 3.6090 '-4.95 3.62 30-Sep-08
12.4456 11.8192 Fidelity Prime Income Fund 12.4456 4.29 5.78 30-Sep-08
100.2421 100.0000 CFAL Global Bond Fund 100.2421 0.24 0.24 30-Sep-08
100.9600 96.7492 CFAL Global Equity Fund 96.7492 -3.25 -3.25 30-Sep-08
1.0000 1.0000 CFAL High Grade Bond Fund 1.0000 0.00 0.00 31-Dec-07
10.5000 9.1958 Fidelity International Investment Fund 9.1958 -12.42 -12.42 30-Sep-08
1.0216 1.0000 FG Financial Preferred Income Fund 1.0216 2.16 2.16 30-Sep-08
1.0282 1.0000 FG Financial Growth Fund 1.0282 2.82 2.82 30-Sep-08
1 0244 1 0000 FG Financial Diversified Fund 1 0244 2.44 2.44 30-Sap-08
MARKET TERMS
52wk-HI Highest closing price in last 52 week Bid $ Buying price of Collna and Fidelity
52wR-Lbw Lowest closing price In last 52 weeks Ask S Sailing price of Colna and fidelity
Previous Close Previous day's weighted price for daily volume Last Prica Last traded ovar-lthe-ounler price
Today's Close Current day's weighted price for dally volume Weekly Vol. Trading volume of the prior walk
Change Change in closing prlie from day to day EPS $ A conpany'a reported earnings per ahare for the last 12 mth1
Daily Vot. Number of total sharea traded today NAV Net AIaet Value
DIV S Olvldendl per share paid In the fast 12 month N/M Not Meanlngful
P/E Closing price divided by the last 12 month earnings INDEX The Fidelity B.hamaa Stock Index January 1, 1994 100
s) 4-for-1 Stock Split Effective Date 8/8/2007
TO TRtADE CALL; COINA 2.2-a02-70-10 I FIDELITY 242-356-?764 A PQ C^APJTA$. MAt% TS 242--g -4, Q [





THE TRIBUNE


MONDAY, NOVEMBER 3, 2008, PAGE 7B


industries, harm others


FROM page 6

supports a windfall profits tax.
*' The two companies did not
help their cause by reporting
a record profits in late October.
Still, as oil prices fall, profits
' are likely to follow suit.
Even if a windfall profit tax is
t not imposed, at least eight dif-
d ferent taxes and fees could be
slapped on the cash-rich indus-
try by a Democratic Congress
looking for extra revenue, said
Kevin Book, an energy analyst
. at FBR Capital Markets.
They include adopting a sur-
', tax on oil and gas production
.1 in the Gulf of Mexico and elim-
-i inating a two per cent tax cut
n included in recent legislation,
Book said.
b On the .other hand, oil com-
r panies could profit if McCain
wins since he is a big champion
of offshore drilling.
PHARMACEUTICALS
f No matter which candidate
- wins the White House, the
P' largest drugmakers, such as
Y Pfizer Inc. and Merck & Co.
Inc., will struggle to defend
, lucrative government programs.
That includes the Medicare
drug benefit, which pays for
medications taken by 47 mil-
lion older people and which
C provided much-needed revenue
to the drug industry last year.
? Dozens of insurers now sep-
o arately negotiate prices with'
pharmaceutical makers; the
government reimburses insur-
ers for the final cost. Though
the program has come in under
budget, most Democrats say
greater savings could be had by
letting the government directly
negotiate prices with drugmak-
ers.
Obama has pledged to take
up the effort, arguing that sav-
ings could total up to $30 bil-
lion. McCain also supports giv-
ing the government power to
negotiate prices, but only at the


SFo stories behindW


request of individual insurers.
TELE
COMMUNICATIONS
Big telecommunications car-
riers have forged many deals in
the past eight years, such as
Verizon Wireless' $28 billion
purchase of Alltel Corp.,
approved with conditions by
the Justice Department Thurs-
day.
Such deals will likely face
tougher antitrust scrutiny under
either an Obama or McCain
administration, analysts say.
In fact, some of the more.
contentious industry deals in
recent years including the
merger of Sirius Satellite Radio
and XM Satellite Radio, and
Google Inc.'s acquisition of
DoubleClick might not have
been approved under either
candidate, says Paul Gallant, a
telecom analyst at Stanford
Washington Research Group.
DEFENSE
CONTRACTORS
After years of record Penta-
gon budgets, defense compa-
nies such as Lockheed Martin
Corp. and Raytheon Co. face
the prospect of slowing military


spending.
Big budget deficits are pro-
jected to worsen due in part to
the financial bailout package
approved by Congress. Defense
spending will become a prime
target for cuts. That could mean
trouble for over-budget pro-
grams such as the Army's $200
billion Future Combat Systems,
which aims to outfit units with
high-tech weapons and com-
munications tools.
Both candidates also want to
overhaul the contracting
process, especially after some
high-profile flops such as the
Air Force's attempt to award a
$35 billion contract for new aer-
ial refueling planes over the
past seven years.
McCain has promoted his
role in spiking an earlier Boeing
Co. contract for the planes.
Obama, meanwhile, has sug-
gested that the Pentagon's
effort to build a missile defense
shield for the United States and
its allies could be scaled back.
Associated Press writers
Matthew Perrone, John Porret-
to, Joelle Tessler and Stephen
Manning contributed to this
report.


LEASE OF

OFFICE SPACE
Located Quantum Plaza, Soldier Road


Newly built complex located in a prime business
area (comprising approximately 650 sq. ft. of
premium office space). Available for lease. Shared
kitchen, bathroom and conference room facilities.
Ideal corporate environment for small business
operation. Plenty of parking space available.


Please convey your interest indicating type of
business and relevant contact information to
info(thecoIlla hnrn com


Republican vice presidential candidate, Alaska Governor Sarah Palin, speaks to a crowd of supporters during
a campaign stop yesterday in Columbus, Ohio...




S g Y h g
U.. Bhaas- arbban-1enra Aerc


* Full and Less Than Container Loads
* Refrigerated/Frozen Goods
* Vehicles


BSi

BSI OVERSEAS (BAHAMAS) LIMITED

BSI Overseas (Bahamas) Limited, Nassau, Bahamas, an established international
private bank, with its headquarters in Lugano, Switzerland, is presently accepting
applications for:-

HEAD OF FINANCIAL SERVICES
Applicants for the position of Head of Financial Services must have relevant
financial accreditation or professional qualifications, have in-depth knowledge of
financial instruments and international markets to ensure efficient supervision of
the department, its smooth running with approved counterparts & in accordance
with established risk limits, must know applicable local & international regulations
and must maintain rapport with the Private Banking Team. Fluency in Italian and
flexible working hours are required.

Personal qualities:-

Minimum supervision
Extensive knowledge of international markets
Excellent organizational, communication and computer skills
Analytical qualities and research orientated
Goal-oriented, self-motivated, positive attitude and outlook
Commitment to quality, service excellence and customer satisfaction

Responsibilities:-

Control the operational aspect of the unit
Review & manage treasury & brokerage activities
Analyse and control 1 st degree level risks
Ensure advanced troubleshooting
Review alignment & implementation of portfolios under mgmt. mandates
Monitor & coordinate investment advisory services to PB & allocated
clients
Support and train personnel of the unit

Interested individuals with such qualifications should submit their resume/curriculum
vitae to :-

Human Resources Manager
BSI Overseas (Bahamas) Limited
Goodman's Bay Corporate Centre
West Bay Street
P. O. Box N 7130
Nassau, Bahamas

Fax no.: (242) 502 2303 or email: ruby.kerr@bsibank.com

(ABSOLUTELY NO PHONE CALLS PLEASE)
Only applicants having the above attributes will be contacted.







PAGE 8B, MONDAY, NOVEMBER 3, 2008


THE TRIBUNE


RBC
Royal Bank
. of Canada


PROPERTIES LISTED FOR SALE
Contact Account Officer listed below by using number code for each property.
HOSS/AARTET/CM CAL UIDIG


(401) Lots #17 & #18 Crown Allot-
ments, Love Hill Settlement, An-
dros. Containing a two storey resi-
dence. Appraised value: $100,000
(806) Lots#1 & #2, Block 3 with a
parcel, situated between Lot #1,
Block 3, containing a 4 bedroom
condominium Sunset View Vil-
las, West Bay Street.
Appraised value: $750,000
(400) Property situated in Cala-
bash Bay on the Island of Andros.
75' x 150' and containing thereon a
small grocery store 480 sq ft and an
incomplete 3 bed 2 bath house 900
sq ft Appraised value: $65,000
(702) Lot #20 with residential
property located Skyline Heights.
Appraised value: $280,000
(400) Lot #14 situated in the settle-
ment of Love Hill on the Island of
Andros totalling 20,000 sq ft Prop-
erty contains a two storey 5 bed-
room, 3 bathroom residence.
Appraised value: $185,000
(902) Lot containing commercial
building housing a sports bar, res-
taurant and a two storey commer-
cial building on Queens Highway,
Tarpum Bay, Eleuthera.
Value: $180,000
(810) Lot #60 Skyline Lakes Subdi-
vision approximately 13,000 sq ft
containing a split level residence
about 10 years old. Living space
is approx 2,633 sq ft, with covered
patios approx 480 sq ft, walkways &
driveways approx 102 sq ft Located
on the ground floor is the garage,
foyer, powder room, 2 bedrooms
with closets, 1 complete bathroom,
sunken living room, dining room,
kitchen, play.room & utility room.
Located on the upper floor is the
master bedroom & bathroom,
walk-in closets & tiled balcony. ,
Appraised value:. $453,000
(806) Lot #13, Block 4 of Coral
Waterways, Section One, Coral
Harbour, New Providence with
two houses and a swimming
pool, #312 N.P. bounded North-
wardly by a canal or waterway of
the said Subdivision known as
Flamingo waterway and running
102.004 ft. Eastwardly by lot #14
and 146.145 ft. Southwardly by a
reservation for a private road.
Appraised Value: $530,000
(304) Lot #2 in block #8, Steward
Road, Coral Heights East Subdivi-
sion situated in Western District of
New Providence, approx. size 8,800
s iftwh.at.solt s lel containing two_
bed, two bath, living dinfifg & tam-
ily rooms, kitchen and utility room
- approx. size of building 2,658 sq ft.
Appraised value: $322,752


(433) Lot #27 of Village Allotment
#14 in the Eastern District,
containing residence situated
on Denver Street off Parkgate
Road in the Ann's Town Con-
stituency, New Providence.
Property size 2,500 sq ft Building
size 990 sq ft Appraised value:
$50,000
(902) Lot of land 94 x 94 x 150 x
150 on Queens Highway just
south of Palmetto Point with a two
storey stone building .containing
two apartments.' Each unit has
3 bed/2 1/2 bath, kitchen, living.
room and 3 linen closets.
Appraised value: $287,209
(105) Lot containing two storey
bldg. with 3 bed, 2 and a half bath
residence, and 30' x 86' situated
Bailey Town, North Bimini.
Appraised value: $235,000
(902) Lot#31 situated at the inter-
section of Albert & Victoria Streets
in Hatchet Bay containing a 2 sto-
rey concrete building with an in-
complete 2 bed/1 bath apt and
store downstairs. Property approx,
2,250 sq ft
Appraised value: $65,000
(908) Lot# 23 located in the Subdi-
vision of Spring City, Abaco. Con-
taining a 1 storey house with 2
bed/1 bath- Wooden Structure.
Appraised value: $60,000
(601) Lot #17 located Village Al-
lotment with fourplex. Value:
$500,000
(701) Lot ofland having the number
16 in Block number 16 in Section
Three of the Subdivision called
and known as Sea Breeze Estates
situated in the Eastern District of
New Providence. Property contains
a'3 bed, 2 bath residence.
Appraised value: $277,000
(565) Lot #1018 in Golden Gates
Estates #2 Subdivision situate in
the South Western District of the
island of New Providence Con-
taining a single storey private resi-
dence 3 bedroom 2 bath. Property
approx.- size 6,000 sq ft Building
approx. size 2,400 sq ft Appraised
value: $173,176
(808) Lot #3 Block 24 in the Cen-
treville Subdivision. Building #109/
Eastern side of Collins Avenue.
'Comprising commercial 2,800 sq
ft commercial building. Appraised
value: $582,000.00
(701) Lot of land being lot number
11 in Block #10 on a plan of allot-
mients laidoixtF VllFTVIHefg Ltes
Limited and filed in the Dept. of
Land & Surveys as #142, N.P. and
situated in the Eastern District of
New Providence. Property contains


3 bed/2 bath residence. Appraised
value: $165,000
(909) Lot #22 with (5,000 sq ft)
Crown Allotments located Dun-
das Town, Abaco. Containing a one
storey house with 3 bed/1 bath -
Wooden Structure.
Appraised value: $50,000
(108) Lot #1 Block #6 Winton
Heights Subdivision Easter District,
N.E The property is approximately
14,834 square feet in total. Property
contains a house of 2,963 sq ft Ap-
praised value: $433,000
(902) Lot#30 situated in Love Hill
Estates just north of Governor's
Harbour containing a 3 bed/2 bath
residence.
Appraised value $245,154
(101-N) Single Family Residence
810 sq. ft, 2 bed,1 bath. Lot #3
Block #1 Eastville Subdivision
Eastern District, New Providence.
Appraised Value:$65,000
(902) Lot #17 Block 7 in section "'A"
of Eleuthera Island Shores Subdi-
vision Northwest of Hatchet Bay
containing a 3 bed/2 bath house.
Appraised value: $99,000
(205) Lot B 50 ft x 115.73 ft situ-
ated on the north side of Shell Fish
Road, being the third lot west of Fire
Trail Road and east of Hamster Road
with a one half duplex residential
premises. Appraised value TBA
(901) Lot #32 containing 4 bed-
room/2 bath concrete structure
located Triana Shores Harbour Is-
land, Eleuthera. Property size 80'
x 120' x 80'x120'. Appraised value:
$332,735
(908) Lot# 52 Crown Allotments lo-
cated Murphy Town, Abaco. Con-
taining a one storey house with 3
bed/2 bath- Concrete Block Struc-
ture. Appraised value: $200,000
(902) Parcel of land located on
the south side of Dry Hill Road in
Palmetto Point containing 1.087-
acres with partially started struc-
ture. Appraised value $38,000
(902) Lot of land containing 3 bed/
2 bath residence in North Palmetto
Point as $129,000
(910) Lot#12 MaderiaPark, small
subdivision on the' outskirts of
Treasure Cay, Abaco having an
area -of 9,444. sq ft residence
containing a concrete block
ttuct-u', ,with, asphalt, shingle
oof comprises of 3,,b,edroomn,
2 bathrooms, family r6bir';ivitig
room, dining room, and kitchen.
Appraised value: $147,000
(501) All that piece, parcel or lot


of land situated on Cowpen Road
(1000 ft east of the Faith Avenue
Junction) in the Southern District
of New Providence, Bahamas con-
taining a duplex apartment com-
prising of two 2-bedroom/1-
bathroom apartments. Appraised
value $150,000
(501) Property situated on Wil-
liams Lane off Kemp Road, New
Providence, Bahamas containing
a two-storey house and an apart-
ment building consisting of 1800
sq ft Appraised value $100,000
(501) All that piece of land being
Parcel #3 and Parcel #4 situated on
the South side of Prince Charles
Drive, New Providence, Bahamas
containing a commercial build-
ing housing two shop space on
the ground floor and three shop
space oh the second floor with a
large storage area in the rear. To-
tal area 8400 sq ft. Appraised value
$366,650
(501) All that piece, parcel or land
having an approximate area of 2100
sq ft situated on the Western side of
Blue Hill Road about 70 ft North of
Peter Street and about 115 ft south
of Laird Street in the Southern Dis-
trict of New Providence, Bahamas
containing a commercial build-
ing housing a two bed/one bath
unit on the top floor and a store
on the first floor. Appraised Value
$154,000
(501) All that piece parcel or lot of
land being Lot #39 in the Highbury
Park Subdivision in the Eastern
District of New Providence, Baha-
mas containing a 3-bedroom/2-
bathroom house.
Appraised Value $131,000
(801) Lot #18 in Sandilands Allot-
ment on the western side of Cross-
wind Road between Seabreeze Lane
and Pineyard Road in the Eastern
Distract of The Island of New Prov-
idence-The Bahamas.,containing
single storey private residence
comprising the following: covered
entry porch, living room, din-
ing room, kitchen, laundry room,
family room, sitting area, 4 bed-
rooms, 2 bathroom and patio. The '
total area of land is approximately
7,641 square feet. Appraised value
$289,426.00
(801) Two parcels of land contain-
ing 21,120 sq ft situated on the
southern side of East Shirley Street
and 100 feet west of its junction
With "Shirlea" in the Eastern District
" of the Island of New Providence -
The Bahamas.' Situated thereon is
a Gas Station andAuto Repair Shop.
Appraised value.$799,497


VACANTlROERIE


(902) 0.281 acre ofvacant land off
Queen's Highway in the settlement
of Governor's Harbour, Eleuthera.
Appraised value $31,320
(701) Undevelopedlot#149. Sea-
fan Lane, Lucayan Beach Subdi-
vision. Grand Bahama, 18,750 sq
ft. Appraised value: TBA
(402) Lot 89, Block 7 Aberdeen
Drive, BahamiaWest Replat Sub-
division, Freeport, Grand Bahama,
consisting of 12,100.square feet.
Appraised value $51,000
(723) Vacant lot #20 comprising a
portion of the Murphy Town
Crown Allotment #72 situated in
Murphy Town, Abaco,.Bahamas.
Appraised value: $18,000
(902) Vacant lot of land situated
in South Palmetto Point, Eleuthera
measuring 97 x 127 x 82 x 121.
Appraised value: $38,000
(908) Vacant residential Lot#30
comprising of 1.02 acre located
Dundas Town, Abaco.
Appraised value: $20,000
(108) Vacant.canallot #71 Silver
Cove Court, Silver Cove Subdivi-.
sion. Zoned: Tourist Commercial.
Aooroximatelv 0.4 acre.


Appraised value $175,000
(108) Vacant Single Family Lot #P
Block F Bahamia South Sub.
Appraised value $35,700
(702) Undeveloped lots #4A, 16,.
17, 18 and 19 located Chapman
Estates, West Bay.
Appraised value $348,000
'(565) Vacant lot #5 located Eleu-
thera Island Shores, Seaside Drive
Section B, Block #15, Eleuthera,.
9,691 sq ft
Appraised value: $27,619.92
(800) Vacant property located
Bahamia South. Block 16 lot 9A,
Freeport, Grand Bahama consist-
ing of 24,829.20 sq.ft.
Appraised value $52,000
(565) Vacant Lot #9 (11,406.65 sq
ft) situated in Mango Lane Section
"B" Block #15, Eleuthera Island
Shores on the Island of Eleuthera.
Appraised value: $50,189
(909) Vacant residential Lot# 63
(7800 sq ft) Crown Allotments
located Murphy Town, Abaco.
Appraised value: $18,000
(108) Vacant Single Family Lot #5


OFFICER


COMMERCIAL BANKING
CENTRE
Tel: 242-356-8568
(800) Mrs. Monique Crawford
(801) Mr. Jerome Pinder
(802) Mr. Brian Knowles
(805) Mrs. Tiffany Simms O'Brien
(806) Mrs Lois Hollis
(807) Mr. Lester Cox
(808) Mrs. DaShann Clare-Paul
(810) Miss. LaPaige Gardiner
PALMDALE SHOPPING
CENTRE BRANCH
Tel: 242-322-4426/9
or 242-302-3800
(201) Ms. Nicola Walker
(202) Mr. Robert Pantry
(205) Mrs. Cedricka Clarke
NASSAU INT'L AIRPORT
Tel: 242-377-7179
(433) Mrs. Suzette Hall-Moss


GOVERNOR'S HARBOUR,
ELEUTHERA
Tel: 242-332-2856/8
(902) Mr. Brian Hanna
HARBOUR ISLAND BRANCH
Tel: 242-333-2230
(901) Ms. Velderine Laroda
ANDROS TOWN
Tel: 242-368-2071
(400) Mrs. Rose Bethel
NASSAU MAIN BRANCH
Tel: 242-322-8700
(701) Mrs. Stephanie Saunders
(702) Ms. Cherelle
Martinborough
JFK DRIVE BRANCH
Tel: 242-325-4711
(401) Mr. James Strachan
(402) Mrs. Chandra Gilbert
PRINCE CHARLES
SHOPPING CENTRE
Tel: 242-393-7505/8
(501) Mr. Keith Lloyd
(505) Ms. Patricia Russell


Block #5 Unit #1 Devonshire.
Appraised value $30,000
(802) Vacant Commercial Lot No:
3A, Block 60 Bahamia Subdivi-
sionVI containing 3 acres located
Freeport, Grand Bahama.
Appraised Value $750,000
(724) Vacant land at Love Beach,
Western District of New Provi-
dence comprising a portion of
"Love Estate" containing 1 acre.
Appraised value $225,000
(569) Vacant property located in
Subdivision called "Culmerville"
being a portion of Lot #47 and a
portion of Lot #57.
Appraised value $24,000.00
(569) All that piece parcel or lot
of land being Lot No. 102 in the
Subdivision known as "EXUMA
HARBOUR" in the Island of Great
Exuma measuring 10,000 sq.ft.
Appraised value $20,000.00.
(569) All that piece parcel or lot
of land situate in the settlement
of James Cistern on the Island of
Eleuthera one of the Islands of the
Commonwealth of the Bahamas
measuring approx 10,000 sq.ft.
Appraisedvalue TBA


CABLE BEACH
Tel: 242-327-6077
(466) Mrs. Winnifred Roberts
MARSH HARBOUR, ABACO
Tel: 242-367-2420
(908) Mr. Antonio Eyma
(909) Mrs. Sylvia Poitier
(910) Cyprianna Williams
BIMINI BRANCH
Tel: 242-347-3031
(105) Miss Ganiatu Tinubu
GRAY'S, LONG ISLAND
Tel: 242-337-0101
(100) Mrs Lucy Wells
LOAN COLLECTION CENTRE
Tel: 242-502-5170/242-502-5180
(716) Mrs. Ingrid Simon
(717) Mrs. Nancy Swaby
(723) Ms. Deidre King
(724) Mrs. Faye Higgs
(725) Ms. Marguerite Johnson
(565) Mrs. Catherine Davis
(569) Mrs. Vanessa Scott


(202) Vacantlotoflandcontaining
1.786 acre, situated east of Know-
les Drive, approximately 1,420 ft.
southward of Harold Road in the
western district of New Provi-
dence.- Bahamas.
Appraised value $ 170,000.00
(202) Vacant lot of land contain-
ing 41,164 sq ft, being Lot #8 in
Love Estate, Phase 1, situated
2,300 ft. south of West Bay Street
in the Western District of New
Providence, Bahamas.
Appraised value $165,000
(501 Ten acres of land situated on
Woods Cay, known as LittleAbaco,
between Cooper's Town and Cedar
Harbour in Abaco, Bahamas. The
property is undeveloped but have
a view of the sea from both the
North and South side, Appraised
Value $1,078,750,00
(501) Vacant property consisting
of Lot #894 situated in the Freep-
ort Ridge Subdivision, Section #1,
Freeport, Grand Bahama, Baha-
mas. Appraised value: TBA


MACKEY STREET
Tel: 242-393-3097
(601) Mrs. Anastacia Knowles
BAY & VICTORIA BRANCH
Tel: 242-322-2451/3
(301) Ms. Thyra Johnson
(304) Mrs. Alicia Thompson
FREEPORT, MAIN BRANCH
Tel: 242-352-6631/2
(101-F) Ms. Garnell Frith
(102) Ms. Elaine Collie
(103) Mrs. Damita Cartwright
(108) Ms. Sylvie Carey
LYFORD CAY BRANCH
Tel: 242-362-4540/4037
(101-N) Mrs. Lindsey Peterson


administration at the Bahamian
operations almost halved,
declining by 48 per cent to $2.6
billion from $5 billion a year
ago.
Butterfield Bank said the
decline was due to the sale of
Butterfield Fund Services
(Bahamas) as part of a group-
wide deal, which saw all its fund
services businesses sold and
merged with the Fulcrum
Group to form the Butterfield
Fulcrum Group.


However, the Butterfim
Fund Services (Bahamas) st-i-w
remain part of Butterfield Byn
until: January 1, 2009, when t
switch to the Butterfield Ful-
crum Group. There are some
280 fund services staff spre4
across all Butterfield's g f-
graphical locations.
Total assets for the Bahanmarso F>
based operation, which n ,, '
consists of Butterfield Ba il1
(Bahamas), grew modest ~ji'l,
year-over-year, increasinglyy,1
8.6 per cent or $13 million o).-1
stand at $165 million as of SepC.f;a
tember 30, 2008. ,,,,
)l fli'ji


NOTICE 1)|

To: All Members of The Public Workers'
Co-operative Credit Union Limited bn crl

Dividend/Christmas 1 ';1?l
To:' *I iir n u-i
Savings Distributions
- .i')3I

Dividend Distribution "

Surnames Dates I, li o.
t 3' l non
'1n
N-Z November 10 November 14, 2008 lo su i:
'tnol nfcn
G-M November 17 November 21, 2008 a or
nim drn1
A-F December 24 December 28, 2008 /n noiJ
*I; sri:


Thereafter, dividend cheques will be distributed to% -D
until January 30, 2009 a nuc
*,n sic
Distribution of Christmas Savings cheques a 1 nl
begins Monday December 1, 2008 sil b-




Jinn



The Abaco Beach Resort at Boat Harbour
in Marsh Habour Abaco is seeking to fill thq
following positions: j

S Chief Engineer

* Electrician/Shift Engineer
* Air Condition and Refrigeration Technician
Housekeeping Supervisor :
* Restaurant Supervisor
* Conqierge : -4 i
* ., Kitchen. NightG.Ianer . ,- ad
* Activities Supervisor/Boat Captain. b ois
* Activities Attendant. [ iar
* Food and Beverage Servers on A
* Room Attendants ,At dj
* Security Guards o M
* Bellman 2-9
* Houseman ; [ow
Habour Master nsw
* Food'& Beverage Director 0 ToW

All interested applicants should f iw
submit their resume to: s niq
info@abacobeachresort.com _
or contact the Human Resources M D
Department at I M
1-242-367-1976.
_______ _____________________'1 if


As a privately-owned, mid-sized Bahamian Company
and the authorized Caterpillar dealer in the Bahamas,
we are seeking a candidate to work as a



The Candidate should have the following requirements:

* Have 10-15 years experience with the Caterpillarn 2?
Product Line, have worked in a Caterpillar l di
dealership or a similar Organization;
Have Caterpillar training in power generation; ,iv, q
The candidate should be a certified ISO 9000 ,
auditor, .
Must have a Degree in Engineering/Marketing
from an accredited university;
Must be able to manager and motivate staff in the
Sales Department;
Must be able to liaison with potential buyers, grow
market share and increase sales;
Know how to execute business, sales and liq 3
marketing plans, and close a sales deal;

This candidate is required to be a professional who
thrives on the challenge of developing outstanding
customer relations and service excellence.

Send complete resume with education and
work experience to
M & E Limited, /
P. 0. Box N-3238, Nassau Bahamas,
Attention: Office Administrator, or email il
megme-ltd.com.,i ,v

Only persons being interviewed for this
position will be contacted.


I


I







THE TRIBUNE


MONDAY, NOVEMBER 3, 2008, PAGE 9B


IEconomy can 'easily contract' by 1-1.5%
I'


FOM page 1B

econdbiy to the tune of 1-1.5
per cgeit over the next year."
Sui'h negative growth, in
whi~r the economy actually
redtics in size, will spell more
trodlle for the thousands of
Bahamiians with limited or no
savings. Many have already
been forced to seek government
and other assistance, and this
with the downturn having bare-
ly b gun.
T ie stampede by hotel work-
ers ast week to ensure they.
obt, ined their $1,000 share of
the industry's $6 million social
assi, tance programme; Family
Island social services centres
runm ing out of funds; and 5,000
resi ential consumers cut off by
BE( for non-payment of elec-
trici y bills they all provide
evi ence of how too many
Bal4amians live from pay
cheque to pay cheque, and fail'
to iijvest or save for hard eco-
non~c times.
Kenwood Kerr, chief execu-.
tiveiof Providence Advisors,
another financial consultancy
house, said the assistance
demands from hotel workers at
such, an early stage in the reces-
sionary cycle further exposed
the absence of a 'savings cul-
ture in the Bahamas.
"It just speaks volumes to the
lack' of it," Mr Kerr told Tri-
bune Buisiness, "and the unpre-
paredness and desperation peo-
ple find themselves in so early
in the cycle, because it's expect-
ed to last for a while."
When asked whether the
Bahamian economic downturn
was likely to become deeper,
exacerbating the woes of low-
inc Bahamians and those
with nimal savings and other
weatsources, Mr Kerr replied:


"I think so." .
Mr Ferguson, meanwhile,
told Tribune Business: "We
really don't have a savings cul-
ture. If you look at the average
bank account, it probably has'
less than $1,000 in the account."
Given that this average
includes both consumer and
institutional accounts, the lat-
ter including pension funds and
insurance companies, Mr Fer-
guson said the figures showed
Bahamians "really don't save".
This low savings and invest-
ment rate, combined with a
propensity to spend all dispos-
able income on material goods
and living for the moment,
leaves Bahamians without any
sort of cushion when the econ-
omy turns sour a time when
job losses and reduced work
weeks become more common-
place.
I Then there is the high debt
factor, too. "When the average
consumer debt is about $14,000
per person, and persons have
average salaries just above that,
that is how severe" Bahamians
are leveraged, Mr Ferguson told
Tribune Business.
Such high debt levels make
it very difficult for households
to deleverage and look to bor-
rowing to ease their financial
burden, as they are already
'mortgaged to the hilt'. And
when incomes and salaries are
squeezed, as they are being
now, it becomes virtually impos-
sible to meet those debt repay-
ments.
Mr Ferguson said that Japan,
when its economy hit the dol-
drums and plunged into reces-
sion some 10-15 years ago, was
able to fall back on its.relative-
ly high savings rate to cushion
the blow.
Such an option is not avail-
able to the Bahamas, and Mr


Ferguson added; "This is the
reason why you will see the
Government and hotel unions
offer even more assistance,
because there's no savings.
"Getting access to [borrowed]
funds is even more challenging.
Between now and before things
turn around, you will see a lot of
companies quietly lay-qff peo-
ple, and cut back on expenses
where they can. Expect'a chal-
lenging tourism season, and for
the next 12 months the
Bahamas will face some chal-
lenging times. We will come out
stronger, though."
With consumer spending hav-
ing tapered off, along with
tourism and foreign direct
investment, the Government
and its capital works plans will
be key to softening the eco-
nomic fallout. The key projects
are the $450 milliorr Lynden
Pindling International Airport
(LPIA) redevelopment; the
$135 million New Providence
Road Improvement Project; $75
million government housing
programme; new government
office and court complexes; and
the Bay Street redevelopment
and new port at Arawak Cay.
To combat the almost-com-


plete absence of a Bahamian
savings culture, Mr Ferguson
said the Government had little
choice other than to heed long-
standing industry calls for
"some sort of legislation that
encourages people to save and
take advantage of retirement
planning."
Acknowledging that "oppo-
nents are going to say it's a tax
on business", the CFAL presi-
dent said the favoured approach
was for the Government to
mandate employer-sponsored
pension plans for their work-
force. ', :
"If people are required to
save 1-2 per cent of their
salaries, at least that's some-
thing," he added.
To cope with the current
environment and foster
increased savings, Mr Ferguson
suggested: "The Government
has to come up with some sort
of plan to assist businesses to
maintain staff levels.
"They may want to consider,
for companies who contribute
to a savings plan, reducing their
business licence fees by that
amount. There's not much more
we can do to encourage it, oth-
er than make it mandatory."
Businesses and consumers
had been hit by "the perfect
storm", Mr Ferguson explained,
because while the former's rev-
enues and the latter's salaries
had been hit largely by a drop-
off in tourism, they were also
still coping with the heightened
cost of living.
Much of that was related to
soaring global oil prices, which
have now halved since they
peaked at $145 per barrel in
July 2008. The Bahamas felt the
biggest impact from this in its
electricity costs, with some
stores and other business
ing as much in electricity as they


'Uncharacteristically firm' interest spreads


FROM page 1B

Association (CBA) had hoped
to 'go live' with the ACH by
the end of October 31,2008, but
Mr McWeeney acknowledged
theywere "two to three weeks
behind schedule" as the banks
sought to iron.out any deficien-'
cies im the system.
Agreeing'that the ACH was
likely to be implemented before
the end of November 2008, Mr
McWeeney told Tribune Busi-
ness'; "We're trying to do paral-
lel testing right now. We're
working towards going live, but
want; to make sure that before
doing so that all the issues are
worked out.
"A lot of it [the 'go live' date]
will depend on how well the
parallel testing goes over the


next week or two. All the banks
are 'putting information in and,
going through their normal vol-
umes."
Parallel testing means that
the commercial banks are run-
t ning the ACH' alongside the
existing m pa4 systet.for set-
I'dliIhqueti' 'sacfio6is, which
it will ultimately replace.
Mr McWeeney said that in
comparison to Barbados, which
took seven years from start to
finish to implement its ACH,
the Bahamas had taken just two
years once work began in
earnest, the important thing
being to ensure it was done cor-
rectly.
However, he acknowledged
that the Bahamian economy
and banking system had needed
an ACH implemented much
sooner.
The' ACH has the potential


to benefit and impact every
Bahamian resident and busi-
ness, as it will increase the effi-
ciency, integrity and certainty
of all financial payments and
transactions, potentially lower-
ing the costs involved for all
concerned.
Among the functions that the
ACH's first phase will bring in
is automated cheque clearing,
plus direct debits and direct
credits' from and to bank
accounts.
The ACH is intended to
replace the current manual sys-
tem for settling cheque trans-
actions, where cheques drawn
on one bank but due to be
deposited at another have to be
taken by armoured car to a cen-
tral location where they are set-
tled by representatives of the
various institutions.
It is designed to improve the
integrity of the [banking] sys-
tem, with persons able to know
the full value of goods involved
in a transaction almost imme-
diately, and enhance cash flow
throughout the Bahamian econ-
omy' and society.
Among the developments
that could ultimately flow from
the ACH is "full truncation",
with the bank office processing
centres currently operated by
all banks consolidated into one.
This would streamline costs
associated with the banking sec-
tor and allow its institutions to
focus on the development of
financial services products. It
would also create spin-off busi-
ness opportunities for entre-
preneurs in the fields of data
storage and imaging, if the
Bahamian banking system had
a National Processing and
Archiving Centre under this
scheme.
The ACH could lead to the
development of a relatively
cashless society, meaning that
businesses will not hold so much
cash in the tills, a tempting tar-
get for armed robbers.
Apart from allowing inter-
bank cheques to be processed
electronically rather than man-
ually at a cheque clearing facil-
ity, the ACH system will allow a
shared Automatic Teller.
Machine (ATM) network.
The latter would allow
Bahamians to use their cash
cards at any bank branch.
Bahamian consumers would
also be able to use direct debits
from their bank accounts to pay
bills such as cable television and
electricity..
The ACH may also help
develop SWITCH products,
where Bahamians could use
their cash cards at any bank's
ATM machine.
A further potential bonus
from the ACH will be the open-
ing up a whole range of elec-
tronic banking services in the.
Bahamas, including its use in
the online purchase of govern-
ment goods and services.


Ultimately, through mod-
ernising the Bahamian pay-
ments system through electron-
ic means, the ACH will provide
buyers and sellers with more
certainty and confidence, espe-
cially when it comes to settling
their transactions.


did in per month rent.
Mr.Ferguson said gasoline
and food prices also rose .dra-
matically, while salaries largely
remained the same, eroding liv-
ing standards for most Bahami-
ans.
"It's a perfect storm," he
explained. "Businesses have
seen their costs increase, rev-
enues in some instances have
declined, and where do you cut
costs? Salaries and administra-
tive expenses."
Home foreclosures were like-
ly to continue climbing, while


the inability of most Bahami-
ans to take on more mortgage
and credit card debt will lead
to reduced real estate purchas-
es and imports.
The latter factors would
impact the Government's 2008-
2009 Budget and throw fiscal
projections out of line. The
Government's social assistance
programmes will increase
spending in a number of areas,
while its revenues are heavily
linked to imports arid real estate
- both being areas anticipated
to see a decline.


As a privately-owned, mid-sized, Bahamian
Company and the authorized Caterpillar dealer in
the Bahamas, we are seeking an



The candidates should have proven experience
in -Generators with more than 150KWs, Transfer
Switches, and Generation. Applicants with formal
education in electrical work are preferred.

Assist with troubleshooting of new products/
equipment (Both at the circuit board level and
system level).


Support Engineering efforts with ECO
Change Orders) and EMO
Modification Orders).


(Engineering
(Engineering


eering with locating new. parts,
manufacturing solutiort .

Actively seeks out solutions to technical problems.

Send complete resume with education and work
experience to M & E Limited; P. 0. Box N-3238,
Nassau Bahamas, Attention: Human Resources
Department, or email: me(@me-ltd.com.

Only persons being interviewed for this
position will be contacted.



C',fl.,V[ ..'-,, .'.' -


COMMONWEALTH OF THE BAHAMAS CLE/qui/0l 133/2008


COMMONWEALTH OF THE BAHAMAS
INITHE SUPREME COURT
COMMON LAW & EQUITY SIDE
BETWEEN


IN TOfE MATTER OF ALL THAT piece parcel or lot of land
know as Grant B-117, Big Fish Cay, one of the Fish Cays
being fifty-five and a half acres (55.50) situate North of Little
Abaco Island, one of the islands in the Commonwealth of the
Bahamas
AND
IN THE MATTER of Quieting Titles Act 1959
AND
:.. IN THE MATTER of the Petition of
Arthur H. Lowe Jr.

1 f NOTICE
Notice is hereby given that Arthur Havelock Lowe Jr. is applying to the
Supreme Court of the Commonwealth of the Bahamas to have his title to
the following investigated under Section 3 of the Quieting Titles Act
1959 and the nature and extent thereof determined and declared in a
Certificate of Title to be granted by the Court in accordance with the
provisions of the said Act. A plan of the said land may be inspected during
normal working hours at the following places:

1. "ALL THAT piece parcel or lot of land known as
Grant B-117, Big Fish Cay, one of the Fish Cays being
fifty-five and a half acres (55.50) situate North of Little
Abaco Island, one of the islands in the Commonwealth of
4* the Bahamas

Copies of the same may be inspected during normal office hours at the
following places:
a.) The Registry of the Supreme Court of Nassau, Bahamas.
b.) The Chambers of Andrew C. Allen Law Chambers, 204
Lagoon Court, Olde Towne, Sandyport, Nassau, The
Bahamas.
c.) The Administrator's Office,.Cooper's Town, Abaco,
The Bahamas.
-Any person who objects to the granting of the said Certificate of Title
is required to file in the Supreme Court and serve on the Petitioner or
their attorney a Statement of his, her or its Claim in the prescribed form
verified by an Affidavit served therewith by failure of any such person
to file and serve a Statement of his, her or its Claim aforesaid non-
compliance with this Notice will operate as a bar to such claim.
Andrew C. Allen Chambers
204 Lagoon Court
Olde Towne, Sandyport
Nassau, The Bahamas


CLE/qui/01133/2008








P A GO N O O32E
- A, A


Democratic presidential candidate Senator Barack Obarra, D-Ill., speaks at an outdoor rally in Cleveland, Ohio
yesterday...


Republican presidential candidate Senator John McCain salutes to the crowd'as he stands next to a TelePrompTe
at a rally at the .Long Center at the University of Scranton in Scranton,.Pa., yesterday... ,
i^n~tn !;:.


Stocks likely to recover no





matter who is president


* By MADLEN READ
AP Business Writer

NEW YORK (AP) Wall
Street prefers Republicans,
McCain supporters argue. But
stocks have done better under
Democratic presidents, Obama
supporters fire back.
When it comes to the stock
market especially this turbu-
lent market does it really
matter who is elected president?
Yes and no. Politicians do
influence the economy and


they'll' play a big role in how
the country emerges from this
current crisis. But analysts say.
neither presidential candidate
can be a cure for what's ailing
Wall Street.
"The economy is a big, big
machine, and the president is
one government bureaucrat,"
said Ron Florance, Well Fargo
Private Bank Director of Asset
Allocation.
Moreover, most analysts
believe the battered stock mar-
ket has nowhere to go but up


next year, no matter who ends
up in the White House- and
history will probably give the
victor credit even if he actually
had little to do with the rally.
"The timing couldn't be bet-
ter," Florance said.
Still, the stock market is just
one part of the economy, and
under either Barack Obama or
John McCain, the United States
needs to recover from a down-
turn whose severity has not yet
been determined. And either
candidate will face a budget


deficit of around $500 billion
when he's sworn into office a
shortfall expected to climb to
$1 trillion next year.
Because of the deficit, the
financial climate might end up
affecting the new president's
policies more than his policies
will affect the financial climate.
"This whole financial crisis
will largely serve as an agenda
buster for at least the first year,"
said John Lynch, chief market
analyst at Evergreen Invest-
ments.


. That's not to say, of course,
there aren't differences in the
impact McCain or Obama
would have on U.S. businesses;
and in turn, their stocks. Robert
Froehlich, an investment strate-
gist at Deutsche Bank, said it's
likely that under Obama, the
alternative energy sector would
do well, and'possibly the paper
and steel industries if he
enforces trade treaties. And
under McCain, Froehlich said,
it's likely that big energy com-
panies would do better because


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he does not support a windfall
profits tax, and that finandia
companies could bene'fi
because of his stance oh diMi
dend taxes, long-term'capita
gains.taxes, and estate tae.-"
* "Don't expect the nexftpresi
dent to say, 'I'm strapped wit
this economic crisis, I m going
to throw all my plans adiav.'"
Froehlich said.
There are historical trend.
one can draw between p'resi-
dents and how the stock market
performs. The question is hbow
seriously to take them.
The Dow Jones industrial
average and the broader Stan-
dard & Poor's 56600 index have
posted larger returns during the
terms of Democratic presidents.
But this statistic doesn't prove
that Democratic policies boos
the stock market -- the major
indexes have also done bette
under a Republican Congress
than a Democratic Congress..
Another pattern to take ncnLt
of is the stock market'slf
ent four-year cycle, de$i
by market historian Yale flirsc
in his Presidential EN io
Cycle Theory. The the ay
the stock market does yellv n a
presidential election %yer', & ad
ly in the year after the election
and then improve u5iul, hf
next presidential electi hi
pattern has held up for' t o
the century, although 4i ina
tested by the two terms es
ident George W. Bush.-,
However, the monet oli
cy of the Federal R. ve
rather than the influen' the
president, can explain at
tern better, according It 10
study by CFA Institute'.Edpca
tion managing director Rober
Johnson, Uninersity of Wise on
sin professor Scott Beyi,bn
Northern Illinois Uniyei-ity
professor Gerald Jensejg,Thei
study found that the I'd'ha
tended to lower inter ate
during the latter half esi
deiitial terms an *e
interest rates encour or
rowing and spending. ':,
At the end of the da. iin
the returns under previ e
iderits to predict the elt,
performance under e
president gets to be like n
tea leaves. You'd prob d
just as well basing youth 1'st
ments on next year's,S,ipe
Bowl Wall Street's infamous
"Super Bowl Indicator" postu
lates that a victory by a tean
that was part of the original
SNational Football League
before it merged with.thb
American Football League.
1970, will result in better gayi..
for the stock market. It's' acu
ally been right most of the time
The lesson, of course, isn't t
base investment choices on
football game. (Anyone Wht
rushed to buy stocks after th
New York Giants' win in 200,
probably got pretty burned)
Rather, the point is that corre
lation isn't the same as causa
tion.
And investors shouldn't ge
too caught up in the market'
short-term reaction aftfr th'
election results. The Do'6
surged, for example, after Pre'
ident Hoover was elected i
1928 and the next year t he 'I
crashed, ushering in the GreS
Depression.


mom"#


PAGE 10B, MONDAY, NOVEMBER 3, 2008


/ THE TRIBUNE







MONDAY, NOVEMBER 3,2008


The stories behind the news


mO'


assau misses out on


ies


INTELLIGENT movie-goers
everywhere have been raving about the
Oliver Stone film 'W' portraying George
W Bush in his wilderness years -
and the irreverent romp called
'Religulous', brainchild of the brilliant
American comedian Bill Maher.
The bad news for Nassau audiences is that
they will not be seeing either.
INSIGHT investigates...


* By JOHN MARQUIS
Managing Editor
EVERY week, impression-
able young people flock to
Nassau's movie theatres to
watch films that glorify vio-
lence, drug-taking, gang war-
fare and social disorder in all
their most extreme manifes-
tations.
This cinematic orgy of
bloodletting, exploding brains,
hideously explicit torture and
other on-screen obscenities
comes to us courtesy of a
shadowy committee of moral
arbiters who decide what we
can and cannot see.
The Bahamas Films and
Plays Control Board last came
to our attention when Broke-
back Mountain, about two gay
cowboys, was banned from
local screens while Mel Gib-
son's The Passion, a grotesque
and utterly vile depiction of
Christ's crucifixion, was not
only allowed to be shown, but
thrown open to coachloads of
Bahamian schoolchildren in
lieu of lessons in religious
instruction.
Now the Bahamas' unusual
attitudes to movie-watching
are back to the fore with the
decision to reject W a by all
accounts amusing, and
thought-provoking portrayal
of George 'Dubya' Bush dur-
ing his boozing and coke-
snorting days.
Religulous, Bill Maher's
apparently very funny exami.
nation of religion and some of
its most mind-boggling adher-
ents, is also unlikely to find its
way to Nassau for public
screening.
What a pity.
At the. time Brokeback
Mountain was banned, critics
felt the decision was prompted
by Bahamians' unusually fer-
vent aversion to homosexual-
ity, a practice which is
nonetheless probably more
prevalent here in the early
years of the 21st than it was in
ancient Greece, where it was
notoriously rampant.
The committee was never


called upon to explain itself
fully (it doesn't have to) and
its decision stood in spite of
rumblings that the ban was
, actually a reflection of
Bahamians' peculiar reluc-
tance to see themselves as
they really are.
Now comes the non-appear-
ance of W and Religulous,
both completely different
films which-are off-limits-here,
not for moral reasons, or due
to any ruling by the control,
board, but in answer to what
are perceived to be the laws of
supply and demand.
In America, both movies
have been playing to packed
houses, and many respected
critics have raved-about them.
No-one, to our knowledge,
has been particularly shocked
by their content (except, of
course, the head-banging
evangelical right), and audi-
ences have come away chuck-
ling loudly.
More importantly, both
films are aimed at what might
be called savvy and sophisti-
cated audiences, people who
want more than exploding
cars, graphic knifings and
juvenile gang movies that are
evidently targeted at the least
intelligent of the under-25
market.
There are times when dis-
cerning folk like to get away
from television and see some-
thing good at the cinema. A
night out at the movies -
though a severely degraded
experience compared to the
heyday of the 1950s and 1960s
is still something to be cher-
ished if there's a film worth
watching.
Yet not since The Queen
and Casino Royale were show-
ing in Nassau have I been
tempted to venture out at
night to visit my local Galleria.
As one who regards vio-
lence as the ultimate obsceni-
ty, and films that promote it as
a real contributor to social
breakdown here, I'm not
inclined to spend two hours
munching popcorn while
watching the latest bilge from


a


0


e


+


I


The raiebuf' e"-'






PAGE 2C, MONDAY, NOVEMBER 3, 2008


THE TRIBUNE


'Tis the season for





tricking voters


By DEBORAH
HASTINGS,
AP National Writer
IN THE hours before Elec-
tion Day, as inevitable as win-
ter, comes an onslaught of
dirty tricks confusing e-
mails, disturbing phone calls
and insinuating flyers left on
doorsteps during the night.
The intent, almost always,
is to keep folks from voting or
to confuse them, usually
through intimidation or mis-
information. But in this presi-
dential race, in which a black
man leads most polls, some of
the deceit has a decidedly
racist bent.
Complaints have surfaced in
predominantly African-Amer-
ica-n neighborhoods of
Philadelphia where flyers have
circulated, warning voters they
could be arrested at the polls if
they had unpaid parking tick-
ets or if they had criminal con-
victions.
Over the weekend in Vir-
ginia, bogus fliers with an
authentic-looking common-
wealth seal said fears of high
voter turnout had prompted
election officials to hold two
elections one on. Tuesday
for Republicans and another
on Wednesday for Democrats.
In New Mexico, two His-
panic women filed a lawsuit
last week claiming they were
harassed by a private investi-
gator working for a Republi-
can lawyer who came to-their
homes and threatened to call
immigration authorities, even
-though they are U.S. citizens.
"He was questioning her
status, saying that he needed
to see her papers and docu-
ments to show that she was a
U.S. citizen and was a legiti-
mate voter," said Guadalupe
Bojorquez, speaking on behalf
of her mother, Dora Escobe-
do, a 67-year-old Albuquerque
President who speaks only
Spanish. "He totally, totally
















PAR EXCELLED





LOW PJ













182 oz Re

SBLEA

I s6.i












'k BONE-IN



LOW PRICE


Confusing e-mails,

disturbing phone calls

and insinuating flyers.


scared the heck out of her."
In Pennsylvania, e-mails
appeared linking Democrat
Barack Obama to the Holo-
caust. "Jewish Americans can-
not afford to make the wrong
decision on Tuesday, Nov. 4,:"
said the electronic message,
paid for by an entity calling
itself the Republican Federal
Committee. "Many of our
ancestors ignored the warning
signs in the 1930s and 1940s.
and made a tragic mistake."
Laughlin McDonald, who
leads the ACLU,'s Voting
Rights Project, said he has
never seen "an election where,
there was more interest and
more voter turnout, and more
efforts to suppress registration
and turnout. And that has a
real impact on minorities.".
The Obama campaign and
civil rights advocacy groups
have signed up millions of new.
voters for this presidential
race. In Ohio alone, some,
600,000 have submitted new
voter registration cards.
Across the country, many of
these first-time voters are
young and strong Obama sup-
porters. Many are ,also black
and Hispanic.
. Activist groups say it is this
fresh crop of ballot-minded
citizens that makes some
Republicans very nervous.
And they say they expect the
difty tricks to get dirtier in
final hours before Tuesday.
"Oh, there's plenty of time
for things to get ugly," said
Zachary Stalberg, president of.
The Committee of Seventy, a
Philadelphia-based govern-


ment watchdog group that is
nonpartisan.
Other reports of intimida-
tion efforts in the hotly con-
tested state of Pennsylvania
include leaflets taped to pic-:
nic benche at bDrexel Univer-
sitv. warning students that
police would be at the polls
on Tuesday to arrest would-
be voters with prior criminal
offenses.
SIn his Je ishi neighborhood,
Stalberg said,'fliers were
recently left claiming Obaima.
was more sympathetic to
Palestinians than to Israel, and
showed a photograph, ofhim
speaking in Germany.
"It shows up between the
screen door and the front door.
in the middle of the night,"
Stalberg said. "Why couldn't
someone knock on the'door
and hand' that, to me in the
middle of the day? In a sense,
it's very smartly done..The
message gets through. t's
done carefully enough that
people might read it."
Such tactics are common,
and are often impossible to
trace. Robo-calls, in' which
automated, bogus phone mes-
sages are sent over and over,
are very hard to trace to their
source, say voting advocates.
E-mails fall into thesame cat-
egory.
SIn Nevada. for'example,
Latino voters said they had
received calls from. people
describing themselves as Oba-
ma volunteers, urging them to
cast their ballot over the.
phone.
The calls, were reported to
V.t ,


Election Protection, a non-
profit advocacy group that
runs a hot line for election
troubles. The organization
does not know who orches-
trated them.
m "The Voting Rights Act
makes it a crime to misled and
intimidate voters," said
McDonald.
"If you can find out who's
doing it, those people should
be prosecuted. But sometimes
it's just difficult to know who's
doing what. Some of it's just
anonymous.". .
Trying to mislead voters is
nothing new.
"We see this every year,"
said Jonah Goldman of the
advocacy group Lawyers'
Committee for Civil Rights
Under Law. "It all happens
around this time when there's
too much other stuff going on
in the campaigns, and it does-
n't get investigated."
In 200.6, automated phone
calls in the final days leading
to the federal election wrong-
ly warned voters they would
not be allowed to vote with-
out a photo ID.
In Colorado and Virginia,
people reported .receiving calls
that told them their registra-
tions had expired and they
would be arrested if they
showed up to vote.
The White House contest of
2004 was marked by similar
deceptions.
In Milwaukee, flyers went
up advising people "if you've
already voted in any election
this year, you can't vote in the
presidential election."
In Pennsylvania, a letter
bearing what appeared to be
the McCandless Township seal
falsely proclaimed that in
order to cut long voting lines,
Republicans would cast bal-
lots on Nov. 2 and Democrats
would vote on Nov. 3.
E-mail assaults have become
increasingly popular this year,
keeping pace with the prolif-


GUADALUPE BOJORQUEZ is shown outside her mother Dora
Escobedo's home in Albuquerque, N.M., Oct. 29; 2008. Bojorquez says
her 67-year-old mother was harassed by a private investigator who
came to Escobedo's home and questioned her right to vote. Bojorquez
says the investigator threatened to call immigration authorities and,
frightened her mother badly enough that she cried. Escobedo, who
-declined to be photographed, is a plaintiff in a federal lawsuit filed by
the Mexican American Legal Defense and Educational Fund in Albu-
querque. MALDEF is representing Escobedo and another Hispanic
woman who also felt harassed by the investigator.


eration of blogging and Oba-
ma's massive online campaign
efforts, according to voting
activists.:
, "It is newer and more furi-,
ous than it ever has been
before," Goldman said.
And Republicans are not-
exempt. "Part of it is that elec-
tion campaigns are more
online than ever before," said
Goldman: "During the pri-
maries., a lot of Web sites went


up that seemed to be for
(GOP candidate Rudy) Giu-
liani, but actually were attack
sites."
.New York City's former
mayor and his high-profile col-
leagues Fred Thompson and
Mitt Romney were also tar-
geted in fake Internet sites
that featured "quotes" from
the candidates espousing sup-
port for extreme positions they
never endorsed-








i i L ni


Re: Solomnon'sWisdom
(Norman Solomon)
I KNOW Fm a bit late, but allow
me to say a word or two about Nor-
man' plomon, one of the most hon-
oura ble politicians ever to have
served in,the House of Assembly.
As you wrote, Norman was ahead
of his time in many ways and never
lost the "hippie" touch you talk
about. He wast"rul' a man of his
time, and. he retained his love for
neck-chains and floral shirts right
into old age..
He will be best remembered, how-
ever, for the Norman's Cay story and
his eloquence as a parliamentarian.
This. is a salute to Norman in thed,
hope that the Bahamas will one day;
j ,, .


N


.S


G


H


FEEDBACK


produce more likehim.
B Thompson '
Re: Sarah Palini
GOD forbid that Sarah Palin ever
becomes the Republicans' presiden-
tial candidate in 2012.
If she does, I'll lose all hope in that
country and conclude that the bar


does not have to be set very high for
political office.
Having said that, George W Bush
has already proved it!
Georgina Locke
Re: Last of the Big Spenders
IN relation to your remarks about
people spending beyond their means,


Nassau misses out on





movies with a message


FROM page one

of Midnight Cowboy,
Lawrence of Arabia or Gone
with the Wind.. ,
But it does tell us something
about George W Busli that we .
ought to have known better
before he was elected twice to
become the most disastrous
president of the United States, i
certainly in living memory,
and almost certainly of all
time.
In 2004, Insight was imper-
tinent enough to suggest .that
Bush, an over-indulged spoilt
boy who had never been made
to suffer the consequences of
any of his actions, was hope-
lessly ill-fitted to become
leader of the free world.
For most of the first 40
years of his life, Bush junior
was a carousing bum with a
wandering eye who couldn't
hold down a job and was pret-
ty much an embarrassment to
all around him.
Far from being considered a
presidential nominee, he 6:
would have had a hard job in r
the real world of becoming j
.junior nmaxager in ,the local, ci
shoe shop. .
Our criticism, however,
'roused much fury from the
far right who in the face of tI
mountainous evidence against l
Bush accused us of poiso- n
nous liberal prejudice. We g
don't hear much from them a
nowadays, as Bush prepares
to bow out of public life as f
utiarguably the most destruc- 'w
timelyy incompetenkWcumbent sa
of The White House since the 0
union's formation.
Stone's movie, according to'
most critics, is not so much b
judgmental as enlightening in h
depicting Bush's pre-presi- it
dential existence. In fact, 'w
Stone believes Bush can only n
be truly be judged when pos- w
terity makes its final call on t,
the Middle East situation, c
which could be several
"decades'down the line n
His film, however, reveals 1
an essentially pitiful charac-:,,:,
ter born to a highly success- g
ful father who feels a desper- a
ate compulsion to catch up, in
spite offbis own considerable
shortcomings.
The movie is, in fact;"a fic-
tiorial take on Bush's life, not
a factual documentary. .But its
aim is to cast light on the coin-,
plexities that propelled him to
power and, ultimately, into the
morass in which he now finds
himself.
Having inherited a budget
surplus, with the goodwill of
the people behind him, Bush
stands down after eight
ruinous years with the Unit-
ed States in financial melt-
down and its credibility in
shreds.
Like most thinkirgpeople, I;',:
would have liked to see
Stone's unusual perspective
on the Bush story, especially
as he had previously made
acclaimed films on John F
Kennedy and Richard Nixon.
But it was rejected for Nas-
sau viewing not by the licens-
ing board, but the cinemas
themselves.
Christopher Mortimer, pres-
ident of Galleria Cinemas,
told Insight: "We didn't.show
it because US political films
don't draw anyone to see
them. It would've been a poor
choice."
This in spite of the free
advertising he must have
received via cable television,'
which has been running pro-
motional trailers on W for.


IL. a-

E
Pd

ri
,qj



L.
I ;,..- ... I. -




ARRETH MERZ who plays Simon of Cyrene, right, help actor Jim Caviezel, portraying Jesus Christ, carry a
ross during a scene from Mel Gibson s ."The Passion of the Christ." The board allowed the film to be
screened because it Was "religious, not:in acknowledgment that the film h'd any'rntrnsid nierit:7 .. .o .


weeks. I find it hard to believe
here would not have been at
east a week's worth of busi-
ess, in Dubya, b.ut there you
o. If yu want to see it, catch
jet to Miami.
Rehgulous is a slightly dif-
erent story.'though I doubt it
rould have got past the Nas-
au censors had it'been a seri-
us candidate..fprcreening
iere. :"
If the Bahamian control
oard has an even' bigger
ang-up than homosexuality,
t isreligion, which led them to
welcome Mel Gibson's horror
novie about Jeslus Christ
while rejecting a relatively
ame tale about two gay
owhands.
Most sensible critics dis-
'issed The Passion as a poor-
ly produced movie, woodenly
performed, which used reli-
ion as a ruse toge away with
highly 'distasteful extrava-


ganza of gore.
Gibson trousered millions
of dollars, naturally, as long
queues of the credulous lined
up to witness an'extended
exhibition of flagellation pos-
ing as a factual account of
Christ's final ordeal.
The board allowed it to be
screened because it was "reli-
gious", not in acknowledg-
ment that the film had any
intrinsic merit. The fact that
schools ill-advisedly bussed
children to the cinemas to
watch this blood-spattered
travesty is something they will
have to live with for evermore.
According to Mr Mortimer,
Religulous is not coming to
Nassau for reasons other than.
its content.
"It's only had a limited
release, even in the United"
States," he said. "The compa-
ny with rights would only offer
it to the top 25 markets so it.


was never available to come
here."
That's a pity because the
film. which is apparently
extremely funny, seeks to pro-
mote a view of religion some-
what different from the ones
you hear weekly from the pul-
pits of Bishop Neil Ellis and
his Baptist brethren.
The film's creator, Bill
Maher, is a self-confessed
iconoclast whose views of reli-
gion are, to,say the least, pret-
ty provocative.
Far from being a force for
good, he argues, organised
religion based on all evi-
dence, especially the various
conflicts going on around the
world at the present time is
the most corrosive and
destructive force ever to strike
mankind.
His attack is not confined
to Christianity, but all faiths
which claim to know things


they cannot possibly know
and, worse still, use that sup-
posed knowledge to not only
,oppress entire nations, but
also wage wars on those who
do not share their views.
Though Maher is an agnos-
tic who has half-jokingly dis-
missed religion as a neurolog-
ical disorder, he is also an,
extremely bright man with a
challenging and stimulating
view of the world.
Whether you are a believer
or not, it is always advisable to
be open to the ideas of oth-
ers, and Maher's comedic
message has been well-
received across much of
America, showing to sell-out
audiences who have appar-
ently left cinemas with wide
smiles on their faces.
Contrary to the views of his
critics, Maher is not an atheist,
but a doubter who has
reached his current viewpoint
via the usual church route. He
does not renounce belief, only
the many absurdities that sur-
round it, and this work appar-
ently reflects a view of reli-
gion which is quickly gather-
ing force, even across Ameri-'
ca.


ipg light on serious issues.
He is not afraid to chal-
lenge and sometimes ridicule
the shibboleths of American
society, but he does so in a
way that encourages intelli-
gent people to see things from
different angles.
Religulous would, of
course, have had the self-serv-
ing false prophets of Nassau
howling with indignation, but
more rational elements of
Bahamian society would prob-
ably have welcomed it as
thought-provoking satire,
which is no bad thing.
Some movies, along with
most books and practically all
theatre, are the air vents
through which society can
oxygenate itself, allowing in
the fresh breeze of other peo-
ple's thinking.
You don't have to agree
with Oliver Stone or Bill
Maher to gain something from
their often oblique view of
things. And they do bring a
first world slant which can
have positive effects on an
intellectually incestuous land
like the Bahamas, where even
good minds, can atrophy from
lack of stimulation.


"Why would ReligulouiidSM a A.t l -m
good thing for the Bahamas? audiences are being overdosed
Only because it would like W on films that target a young,
- add to the stock of intelli- not especially bright, market
gent discourse which is so vital which can be adversely influ-
for the development of a enced by the trashy fare on
young nation, and which is so offer.
markedly lacking in Nassau at "When I went to the
the present time. ,., mOvies recently, Twas horri-
At the moinent, the fled by the bloodlust among
Bahamas is Solidly and res- the young audience," said one
olutely religious, which is no innocent who Ventured into a
bad thing if that is the way movie that proved more vio-
peopt&ribnsciously:want it-to l.nt than he expected. "It was
be. really quite frightening."
But many questioung- Perhaps MliMortimer and
young Bahamians who' are 'others who control cinemas
being exposed to external cul- here ought to begin thinking
tures are now eager fo beyond the bottom line to
embrace contrary views, not ponder the role their industry
necessarily with the objective has in enriching the country's
of repudiating what has gone cultural life.
before, but so that their opin- There is precious little in
ions are better founded. Nassau tbOkeep the brain
Maher's strength is that he buzzing'. Some really good
uses his unique brand of com- movies would help.
edy, the product of an incred- What do you think?
ibly quick and incisive mind Fax 328-2398 or e-mail
to throw a new and penetrat- jmarquis@tribunemedia.net


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S~ aI,,Fulevc-.... f ,.
'1


rya


how do people with not much by way
of personal means manage to spend
most of the day on cellphones, which
are apparently quite expensive to
run.
I see many young women, in par-
ticular, using cellphones almost
unendingly, gassing away whether
walking down the street or sitting in
a car.
These things are an unnecessary
expense. Until a few years ago, there
were none. Now they're everywhere.
Geraldine Smith

Miscellaneous:
I AM personally very sorry that
the man behind Insight is retiring
early next year. I pray that The Tri-
bune will find someone to fill his


shoes because we need courageous
reporting in this country more than
we need rain and sunlight.
Hedley Armbrister

MAY I just say how much I enjoy
The Tribune and especially Insight,
which I read over two or even three
coffees every Monday morning to
my continuing delight. I have
watched The Tribune rise over many
years and salute all concerned for an
interesting and sometimes exciting
newspaper.
Besides Insight, I think Business
is very strong, with stories no-one
else seems to find. It is very encour-
aging to see people doing their jobs
so well.
L B Bannister


Intellig- ent. Creative. -Efficient.
I Li


& . 4 . . 1 11 I I 1 I. 1 1. I . - -.i











0
Murdoch.

0

China and


India will




reshape



the world


I By ROHAN SULLIVAN
Associated Press,
Writer
SYDNEY, Australia -
Media tycoon Rupert Mur-
doch says the ongoing meta-
morphosis of China and'
India from historic backwa-
ters into economic powers
will help reshape the world
in the next few decades.
The News Corp. chief gave
an upbeat assessment of the
future and made a vigorous
case for free markets despite
troubled economic times and
what he called "naked, heart-
less aggression" in the-world.
In the first of a series of
speeches in his birth country
of Australia, Murdoch spoke
Sunday of "the great trans-
formation we've seen in the
past few decades, the
unleashing of human talent
and ability across our world,
and the.golden age for
humankind that I see just
around the corner."
He said China and India
are great countries whose
people are only recently
emerging from long histories
of being "incarcerated by
communism or caste." The
rise of their economies is cre-
ating a new middle class that
would be three billion strong
within 30 years and that is


setting a new benchmark for
global competitiveness.
"The world has never seen
this kind of advance before,"
Murdoch said.
"These are people who
have known deprivation.
These are people who are
intent on developing their
skills, improving their lives
and showing the world what
they can do."
Murdoch, whose New
York-based conglomerate
includes Twentieth Century
Fox, Fox News Channel,
Dow Jones & Co. as well as
newspaper stables in Aus-
tralia and Britain and the
online networking site
MySpace, described the glob-
al financial crisis as one of
many challenges facing Aus-
tralia.
He urged Australia to
embrace internationalism
and touched on a range of
global issues, from interna-
tional security to the com-
mercial opportunities offered
by the world's need for
cleaner energy.
Murdoch's remarks came
in the first of six lectures to
be sent out on radio nation-
ally by the Australian Broad-
casting Corp. this year's
edition of an annual series
of talks by prominent Aus-
tralians.


NEWS CORP. CHAIRMAN and CEO Rupert Murdoch gestures as he delivers the 2008 Boyer Lecture series "A Golden Age of Freedom" in Sydney,
Australia, Sunday, Nov. 2, 2008. Media tycoon Murdoch says the ongoing metamorphosis of China and India from historic backwaters into eco-
nomic-powers will help reshape the world in the next few decades. The Boyer Lectures is a series of talks by prominent Australians chosen by the
ABC Board to present ideas on major social, scientific or cultural issues. The lectures have been broadcast on ABC Radio for more than 40 years
and have stimulated thought, discussion and debate in Australia on an astonishing range of subjects.


Murdoch said that in
another speech he would
give his opinions on the
future of newspapers, which
are suffering a severe down-
turn, especially in the United
States, as advertising revenue
is lost to the Internet..
He made a strong pitch for
freer trade between coun-
tries, taking agriculture as an
example and saying that
reducing artificial barriers is
a moral and strategic issue.
"So we must continue to


leverage our connections and
continue to push when oth-
ers have left the conference
table," he said.
"The global trade dialogue
should echo with Australian
accents.".
Touching on security, he
chided Europe for appear-
ing to have "lost the will to
confront aggression" and
said NATO should be
reformed into a group based
on common values, not geog-,
raphy, and include countries


like Australia as members.
"In this promising new
century, we are still seeing
naked, heartless aggression
- whether it comes from a
terrorist bombing in Islam-
abad or a Russian invasion
of Georgia," -Murdoch
said.
"We can lament these
developments, but we can-
not hide from them," he said,
noting Australia's contribu-
tion of troops to Afghanistan
and Iraq.- .


In an interview published
in The Weekend Australian
on Saturday, Murdoch said
governments have only lim-
ited power to fix the financial
crisis, though they could
make it worse.
Murdoch warned that a
rise in protectionism in the
United States "could add to
all sorts of tensions in the
world financial system and
the world trading system and
eventually all the way down
to employment."


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Saturday 9:00am-9:00pm
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www.kellysbahamas.com


a


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-t


THE TRIBUNE


PAGE 4C, MONDAY, NOVEMBER 3, 2008


I
I






"'HE TRIBUNE


MONDAY, NOVEMBER 3, 200U, PAL.L ,


NOVEMBER 3, 2008


7:30 | 8:00 8:30 9:00 9:30 10:00 10:30
The Best of the Antiques Roadshow Campaign Frontline "The Choice 2008" Biographies of Sens. John McCain and
WPBT Jack Benny buttons; court affidavit submitted by Barack Obama. n (CC) (DVS)
Show ) (CC) Jimmy Carter to Maine. (N) A
The Insider (N) The Big Ban How I Met Your Two and a Half (:31) Worst CSI: Miami A crane crashes into a
0 WFOR / (CC) Theory (N) A Mother Chance Men (N) 1 (CC) Week "The Ring" high rise, putting Delko and Calleigh
(CC) meeting. (N) 1 (N) (CC) in danger. (N) A (CC)
NBC Nightly Deal or No Deal (iTV) Contestants Saturday Night Live Presidential Bash 2008 (N) 1 (CC)
B WTVJ News (N) play a special speed game. (N) at
(CC) W(CC)
Deco Drive Terminator: The Sarah Connor Prison Break "Greatness Achieved" News (N) (CC)
B WSVN Chronicles A Terminator gets dan- A member of the team makes the ul-
gerously close to John. (N) timate sacrifice. (N)
Jeopardyl (N) Dancing With the Stars (Live) A (CC) (:32) Samantha (:02) Boston Legal Alan and Denny
WPLG (CC) Who? The Build- represent a cattle rancher who takes
ing"(N) l on the USDA. (N) (CC)
-
00 CSI: Miami Intervention "Annie and Amy" Annie Intervention "Charles" A woman is I Survived A couple wake up to find
A&E Spn Break" is anorexic and bulimic; Amy has a desperate to help her brother. (CC) their home engulfed by chlorine gas.
A(Cp ) drug problem. (CC) (CC)
(:00) BBC World BBC News Asia Business, BBC News Click News
BBCI News America (Latenight). Report (Latenight).
Access Granted UNCLE P (2007, Comedy) Master P, Romeo, Cheech Marin. A hip-hop Movie Special The Truth With
BET (N) superstar watches his sister's three children. (CC) "Soul Men" Jeff Johnson
Jeopardy! (N) Dragon's Den (N) A (CC) The Border "Prescriptive Measures" CBC News: The National (N) n
(CC) (N) A (CC) (CC)
N BC (:00) Wall Street Crisis: Is Your Money Safe? On the Money The Big Idea With Donny Deutsch
(:00) Lou Dobbs Campbell Brown: No Bias, No Larry King Live (CC) Anderson Cooper 360 (CC)
CNN Tonight (CC) Bull I
Scrubs Elliot pre- The Dally Show The Colbert Re- Futurama Fry South Park South Park Gi- Futurama "Love
COM tends to be per- With Jon Stew- port (CC) searches the ru- "Hooked on Mon- ant guinea pigs & Rocket" l
fect. A (CC) art (CC) ins for a clover. key'Fpnics" attack the city. (CC)
Hannah Mon- * FINDING NEMO (2003; Comedy) Voices of Albert Brooks, Ellen Wizards of Wa- Life With Derek
DISN tana 3 (CC) DeGeneres, Alexander Gould. Animated. A fish searches for his missing very Place "Open Mic Plight"
son.'G' ,__., (CC) C (CC)
This Old House Ask This Old Sweat Equity Desperate Land- Yard Crashers Indoors Out Kitchen Renova-
DIY 1 (CC) House i (CC) escapes (N) "Rock Yard" tlons
DW Landersplegel Journal: Tages- Typisch deutsch Journal: In Euromaxx Journal: Tages- Im Focus (In
W theme Depth __thema German)
E! The Daily 10 (N) Kimora: Life in the Fab Lane Fra- The Girls Next The Girls Next Dr. 90210 "Buttocks Are a Girl's
grance commercial. Door Calendar. Door Best Friend" Anniversary. (N)
ESPN (:00) Monday Night Countdown NFL Football Pittsburgh Steelers at Washington Redskins. From FedEx Field in Landover,
ESPN 0e)(CC) Md:(Live) (CO)
Cronometro NFL Esta Noche NFL Football Pittsburgh Steelers at Washington Redskins. From FedEx Field in Landover,
ESPNI (Live) (Live) Md. (Live) .
EWTNE Solemn Re- The Journey Home Reasons to Be- The Holy Rosary Abundant Life
E_ _N quiem Mass Ileve
FITTV Stretch Max: Healthy Deca- HealthyDeca- Just Cook Thisl With Sam the Blaine's Low Blaine's Low
Cathe Friedrich dence dence Cooking Guy Special Carb Kitchen Carb Kitchen
Fox Report- The O'Reilly Factor (CC) Harinity & Colmes (CC) On the Record With Greta Van
.FOX-NC Shepard Smith Sustereh (CC)
FSN FL In Focus on FSN World Poker Tour: Season 1 Best Damn Red Bull Air Race Best Damn Top The FSN Final
FL______From Rio De Janeiro, Brazil. (N) 50 Special Score (Live)
GOLF Junior Ryder School of Golf f Central U.S. Open Golf Highlights (N) The Turn (N) Champions
GOLF Cup Highlights (Live) Learning Center
GSNC Catch 21 (CC) Who Wants to Be a Millionaire Family Feud iFamly Feud Catch 21 (CC) Pyramid A
GSN(cc) (C)(C ______ (cc) ___
(:00) Attack of X-Play "Gears of X-Play "LittleBig- Lost Mr. Eko questions Charlie ** *x THE ROAD WARRIOR
G4Tech the Show! (N) War 2.'" (N) Planet." about the Virgin Mary statue. /' (1981) Mel Gibson. Premiere.
(:00) Walker, Walker, Texas Ranger Series of ** SARAH, PLAIN AND TALL (1991, Drama) Glenn Close, Christo-
HALL Texas Ranger robberies becomes personal when pher Walken, Margaret Sophie Stein. A New Englander answers a wid-
"War Zone" Walker's friend is killed. owed Kansan's adfor a wie. (CC)
Property Virgins My First Place A Home to Stay Property Virgins Marriage Under Income Property House Hunters
HGTV "Seeing is Believ- first home near Michael's kitchen. (N) (CC) Construction (N) (N) l (CC) Energy-efficient
ing" ( (CC) Denver. Cl (CC) Cl (CC) home. CA (CC)
I oP Victory Joyce Meyer: Ed Young Inspiration To- Life Today With This Is Your Day The Gospel
INSP Everyday Life day James Robison (CC) Truth (CC)
The Wayans My Wife and According to Family Guy Pe- Family Guy n Two and a Half Two and a Half
KTLA Bros. "Mama; I Kids 'The V Sto- Jim "Jim ter goes back in (CC) Men Handyman Men Alan's attor-
Wanna Act" ry" lA(CC) Almighty" l time. C (CC) __gets the girt. l ney. Cl (CC)
Still Standing Reba Two Wed- Rita Rocks Rita *** BRIDGET JONES'S DIARY (2001, Romance-Comedy) Renbe
LIFE Fighting over a dings and a Fu- tries to play Zellweger, Colin Firth, Hugh Grant. A diet-obsessed woman looks for suit-
hairstylist. (CC) neral' (CC) matchmaker, able husband material. (CC)
Hardball Countdown With Keith Olber- The Rachel Maddow Show Countdown With Keith Olber-
MSNBCmann mann
CNIC SpongeBob Dora the Explorer "Dora Saves the Home Improve- Home Improve- George Lopez George Lopez
NICK SquarePants C Snow Princess" (N) Cl (CC) ment, C (CC) ment n (CC) Cl (CC) "Feel the Bum"
S(:00) My Own Prison Break A member of the Saturday Night Live Presidential Bash 2008 (N) C (CC)
NTV Worst Enemy team makes the ultimate sacrifice.
SPEED Pass Time This Week in NASCAR (N) NASCAR Confidential (N) Barrett-Jackson 2008: The Auc-
SPEED Pau nine I __tions
(5:00) Praise-A-Thon Biannual fundraising event.
TBN
Seinfeld "The Family Guy Pe- Family Guy Pe- Family Guy Meg Family Guy My Name Is Earl My Name Is Earl
TBS Nose Job" C ter fights city hall teundergoes li- and Chris get "Padre de amil- "Creative Writing" Conjugal-visit
(CC) I(CC) posuction. (C. (C C) (CC) ia" l (CC) (CC) iday.v(CC)
Little People, Little People, Little People, Jon & Kate Plus 8 "Legos & Sa- 17 Kids and 17 Kids and
TLC Big World Zach Big World Tnp to BlgWorld (N) fads" The family visits San Diego. Counting Road Counting "Josh
makes a movie. Las Vegas. (CC) (N) (CC) trip to reunion. Gets Engaged"
(.00) Raising the Raising the Bar 'Out on the Roof Raising the Bar Jerry defends and Raising the Bar "Shop Til You
TNT Bar "A Leg to Charlie arranges for Jerry to handle HIV-positive nan charged with at- Drop" An appeals court overturns a
Stand On' case. (CC) tempted murder. (CC) conviction. (N) (CC)
TOON Courage the Chowder Chowder Johnny Test Cl Johnny Test (c teen Total Drama Is-
I _N_ Cowardly Dog (CC) (CC) Iland
TRU Speeders Smoking Gun Presents: World's Smoking Gun Presents: World's Smoking Gun Presents: World's
T U Dumbest Dumbest "Drivers 3" Dumbest "Drivers 2"
TV(:00) Toute une Vie privie, vie publique Des gens don't la vie prive et la vie publique Partir autrement Expression
1TV5o __ histoire s'entremblent.
Tw C Abrams-Bettes Weather: Evening Edition (CC) When Weather Changed History Weather: Evening Edition (CC)
(:00) Querida Culdado con el Angel Marichuy'es Fuego en la Sangre Hermanos Cristina Los personajes mas c6mi-
UNIV Enemiga una joven criadaen un hospicio. buscan venganza. cos.
S:00) NCIS"Pro- WWE Monday Night Raw RAW's record breaking 800th show celebration. RAW extends its reign as the
*USA ie" C (CC) longest weekly episodic TV show in history. (Live) C (CC)
V 1 Celebrity Rehab Rock of Love Charm School A Real Chance of Love (N) C (CC) Scream Queens (N) C (CC)
V 00) NHL Hockey Buffalo Sabres at New Jersey Devils. From Prudential Hockey Central CADDYSHACK II(1988, Com-
VS Center in Newark, N.J. (Subject to Blackout) (Live) C (Live) edy) Jackie Mason. (CC)
W(:00) 7th Heaven America's Funniest Home Videos ALF ALF joins a ALF "Prime Time" WGN News at Nine (N) C (CC)
WGN Words" (CC) A man puts a rubber bird in the monastery. C C (CC)
freezer. C (CC) (CC)
Family Guy Pe- Gossip Girl There Might Be Blood" One Tree Hill "Sympathy for the CW11 News at Ten (N) (CC)
WPIX ter goes back in Serena discovers that Aaron has a Devil" Nathan faces a rival from the
time. C (CC) secret. (N) C (CC) past. (N) C (CC)
WSBK Jeopardy! (N) Dr.Phil (CC) WBZNews(N) That'7Os Show Frasler battle Frasier Niles'
WSBK CC) "Keep Yourself for a club mem- scheming new.
--Alive (CC) bership.(CC) girlfriend. (CC)
(:45) Real Time With Bill Maher Singer ** HARRY POTTER AND THE ORDER OF THE PHOENIX (2007,
HBO-E Changellng: John Legend. A (CC) Fantasy) Daniel Radcliffe, Rupert Grint, Emma Watson. Harry prepares a
HBO First ook small group of students to fight Voldemort. C 'PG-13' (CC)
(6:15)*** True Blood "Plaisir D'Amour" Bill Entourage "Pie" *,* x NIGHT AT THE MUSEUM (2006, Fantasy) Ben
H BO-P THE LAST SUP- must pay a steep price. C (CC) First-day jitters. Stiller, Carla Gugino. Museum exhibits spring to life
PER (1995) 'R' C (CC) when the sun goes down. C 'PG' (CC)


(:15) *s RUSH HOUR 3 (2007) (:45) ** SYDNEY WHITE (2007, Comedy) Amanda Bynes, Sara Pax- (:45)
H BO-W Jackie Chan. Carter and Lee battle ton, Matt Long. A college coed finds a home with seven outcasts. C 'PG- Changeling:
Chinese gangsters in Paris. 13' (CC) HBO FIrst ook
(:00) **, EVENING (2007, Drama Claire Danes, * RECOUNT (2008, Docudrama) Kevin Space Bob Balaban, Ed
H BO-S Tlove Collette A dyin womanremembers the great Begley Jr. Florida becomes a battleground for the 2000 election. C (CC)
love of herlife.l'PG-13'(CC)
(6:15) *** I ***A THESAVAGES (2007, Comedy-Drama) Laura Linney, Philip ONE MISSED CALL (2008,
MAX-E AM LEGEND Seymour Hoffman, Philip Bosco. Premiere. Grown siblings must care for Horror) Shannyn Sossamon, Ed
(2007) 'PG-13' their aging, senile father. C 'R' (CC) Burns. Cl 'PG-13' (CC)
(:10) * MICHAEL (1996, Drama) John Travolta, ** THE WEDDING PLANNER (2001, Romance- (:45) Best Sex
MOMAX Andle MacDowell, William Hurt. Tabloid journalists see Comedy) Jennifer Ldpez. An event organizer has eyes Ever "Bad Boys"
the light with an angel's help. C 'PG' (CC) for her biggest client's beau. Cl 'PG1T3' (CC) Cl (CC)
(:15) * YEAR OF THE DOG (2007, Comedy-Dra- Dexter (iTV) n (CC) Callfornlcation Californication
SHOW ma) Molly Shannon, Laura Dern. iV Premiere. A pet's Lew's long-lost Lew's long-lost
death transforms a woman's life. 'PG-13' love sought. love sought.
M(6:35)**! 10 * SOUTH PARK: BIGGER, LONGER & UNCUT NATIONAL LAMPOON'S VAN WILDER: THE
TMC ITEMS OR LESS (1999) Voices of Trey Parker. Animated. The boys try RISE OF TAJ (2006, Comedy) Kal Penn. Taj shows
______(2006) Cl to prevent war with Canada. C 'R' (CC) British students how to party. C 'R' (CC)


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f'on 3:30pri to 4:30pin duinq tlie
1110ifl of Nove 1ibe1 2008.




EnjoN Great Food, Prizes-and Lots of Fun.



i'm lovin' it


MONDAY EVENING


S lo p m




\







PAGE ~MONAY, NVEMBR 3, 008MHECTRPAGE


CALVIN & HOBBES
JUST WXItY, EAR% WS A 3 BILLION NEARS K.tOE
CLOUD OF DWST 45 1l09UON RRST C.TRIA8 k APF~ARD. TIEN
(EARS AGO... CAME SA LIFE, DINOSAURS,
BIRDS, MAMMALS, ANOINWM ,
A MIllON 'EARS AGO, MA4.


DENNIS THE MENACE


APT 3-G


BLONDIE


'I WisH 11RS WA ASrV MTAT L ocKeP OUT
PARA/TS' 75OW5."


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

2 5 1 8 3


1 4

2 9 5

38 4 61
1 7 9
5 7


6 421
Difficulty Level * 10/30


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
may be used in the same block more than once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.


. Yesterday's
Sudoku Answer


S315
621



78 67
5-9-AA
AAZj7


7 315
218'6
194
978
651
342
4 6|7
5 1|9


HAGAR THE HORRIBLE


T
R
I
B
--
N
E


T
W
0



N


0
N
E


C
R
0
S
S
W
0
R
D


Across
1 Oddly comic place
associated with a criminal,
perhaps (10)
8 Animal comes from Asia
and is taken in by
father (5)
9 A desert resort that Is most
expensive (7)
10 Possibly trained to obtain
better articles in part
exchange (5,2)
11 Country provides aid in
some form (5)
12 A representative
business (6)
14 The faith of many in
meat (6)
17 A rule some of us are
ignoring (5)
19 Caress a girl on the
knee (7)
21. Dogs in the .streets going
mad (7)
22 Vegetable factory (5)
23 Decries new changes in
the cinema (4,6)


Yesterday's Cryptic Solution
Across: 1 Income, 4 Hearth, 9
Complex, 10 Biped, 11 Exact, 12 Old-
time, 13 Break the law, 18 Slither, 20
Tower, 22 Lairs, 23 Dancers, 24
Ragged, 25 Raisin.
Down: 1 Inches, 2 Comma, 3 Militia, 5
Ebbed, 6 Replica, 7 Hedged, 8 Export
trade, 14 Railing, 15 Estonia, 16
Ostler, 17 Prison, 19 Haste, 21 Wrens.


Down
2 One can't change some-
thing inborn (7)
3 Make a speech or
organize tea (5)
4 The know-all gets Dan in a
temper (6)
5 Think a Gemini is
fantastic (7)
6 Not all honourable men do
the right thing (5)
7 No cause for rejoicing
when standards are so I
ow (2,4-4)
8 Effectively demonstrates
how one votes? (4,6)
13 Make an effort to study
with care (7)
15 As enjoyed by a sick
celebrity? (3,4)
16 Springs to writing in fits
and starts (6)


Pull in first behind another
vehicle (2,3)
He often lifts his glass to
each (5)

Yesterday's Easy Solution
Across: 1 Effigy, 4 Magnum, 9
Cure-all, 10 Poppy, 11 Sweep, 12
Vulture, 13 Eager beaver, 18
Dilemma, 20 Hovel, 22 Broil, 23
Cranium, 24 Ending, 25 Steely.
Down: 1 Excuse, 2 Farce, 3
Grapple, 5 Appal, 6 Neptune, 7
Mayhem, 8 Olive branch, 14 All told
15 Athwart, 16 Edible, 17 Flimsy, 19
Milan, 21 Voile.


Across
1 In all possible
places (4,3,3)
8 Lukewarm (5)
9 Business (7)
10 Omen (7)
11 Simple door
fastener (5)
12 Cowardly (6)
14 Honorary (6)
17 Out of condition (5)
19 A radioactive
metal (7)
21 A New England
state (7)
9 22 Perfect happiness (5)
23 Bona fide (2,3,5)


1. -. ' ,




=0 .. W. ...
Ri5s CaMethb, e l


Down
2 Put at risk (7)
3 Answer
evasively (5)
4 A fine distinction (6)
5 Wool fat (7)
6 Extract by force (5)
7 Depressed (2,3,5)
8 Upside down (5-5)
13 Remote
settlement (7)
15 Stupid (7)
16 Push roughly (6)
18 Do without (5)
20 To stroll (5)


Chess


8711

I


:'1


A B C Di F G H

Target


W


A


B



N


A


H


ii 'I Ii -


S


N


The
Target
uses
'words in
the main
body of
Chambers
21st
Century
Dictionary
(1999
edition)


I IHOW any words of for letters
or more can yon 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.
TOMI'$T ETT
Good 15; very good 22; excellent
29 (or more). Solution tomorrow.
YESTERDAY'S SUITION
choose chobser chop chops
chor e hose cosh echo epoch
hero hers hoes hoop hoopoe
hope hopes hops lliOROSCOPlE
horse hose oche octhre oohs
perch pooch pooh porch posh
posher shoe shoo shop shore


North dealer.
Both sides vulnerable.
NORTH
*Q 10853
V82 '
*A64
+962


WEST
*A92
V763
*QJ 1083
+J4


SOUTH
464
VAKQJ 105
+7 .


R


I I


EAST
*KJ7
W94
+K952
+Q 10 8 5


+AK73
The bidding:
North East South West
Pass Pass I1 Pass
1 4 Pass 4 V'
Opening lead queen of diamonds.
In planning the play, declarer
should make sure to identify all of
his assets. This might seem obvious,
but sometimes a vital asset may not
be so easy to spot.
Consider this deal where South is
in four hearts and West leads the
queen of diamonds. Afler taking the
ace, how should declarer continue'?
The problem centers on the club
suit, where South must avoid losing
two tricks. When the deal occurred,
declarer decided his only chance was
to find the missing clubs divided 3-3.


Accordingly, he started by cashing
five trumps, hoping to induce some
club discards by the opponents. But
East clung doggedly to all of his
clubs, discarding diamonds instead.
When declarer next played the A-K
and another club, East scored two
club tricks, and the defense still had
to get the A-K of spades for down
one.
In essence, South gave himself
about a 36 percent chance to make
the contract (the probability of a 3-3
club break). In so doing, he over-
looked another possibility that would
have added significantly to his
chances and would, in the actual
deal, have gotten him home safely.
Aside from the ace of diamonds,
the most important card in dummy
was the eight of hearts. This
innocuous-looking card offered the
possibility of its being used to ruff a
club in dummy if the suit split 4-2,
provided the opponent with two
clubs did not have the nine of hearts.
South should therefore have
played the A-K and another club
before touching trumps. If the clubs
divided evenly, 10 tricks would be
assured, If instead the clubs broke 4-
2, he could later try to ruff his fourth
club with the heart eight. In the
actual case, this extra chance would
have saved a vulnerable game for
declarer.


Tomorrow: Test your play.
e2008 King I'eatures Syndicate Inc.


Tribune Comids


MARVIN


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by Steve Becker


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S SI 14E, V.
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PAGE 6, MONDAY, NOVEMBER 3, 2008


THE TRIBui,-


I --U, -/- aI


KakuMro Answer











SCIENTISTS ARE RACING TO SAVE A FOOT-LONG SALAMANDER THREATENED BY LAKE DRAINING AND WORSENING WATER QUALITY


exico


S


'water monster'





nears extinction


AN AXOLOTL
salamander, or
Ambystoma
mexicanum,
swims in a tank
at the Chapulte-
pec Zoo in Mex-
ico City, Sept.
27,2008.








K Dario Lopez-
Mills/AP Photo


* By DAVID KOOP with Asian carp to dominate the
MEXICO CITY ecosystem and eat the axolotl's
eggs and compete with it for food.
The axolotl is also threatened by
eneath the tourist agrochemical runoff from near-
gondolas in the by farms and treated wastewater
remains of a great from a Mexico City sewage plant,
Aztec lake lives a researchers say.
creature that resembles a mon- Local fisherman Roberto
ster and a Muppet with its Altamira, 32, recalls when he was
slimy tail, plumage-like gills and a boy, and the axolotl was still
mouth that curls into an odd part of the local diet.
smile. "I used to love axolotl
The axolotl, also known as the tamales," he says, rubbing his
"water monster" and the "Mexi- stomach and laughing.
can walking fish," was a key part But he says people no longer
of Aztec legend and diet. Against eat axolotls, mainly because fish-
all odds, it survived until now ermen almost never find them.
amid Mexico City's urban sprawl "The last one I caught was
in the polluted canals of Lake about six months ago," says
Xochimilco, now a Venice-style Altamira, a wiry gondolier with
destination for revelers poled rope-like muscles from years .of
along by Mexican gondoliers, or poling through Xochimilco's nar-
trajineros, in brightly painted par- row waterways.
ty boats. Meanwhile, the axolotl popu-
But scientists are racing to save lation is burgeoning in laborato-
the foot-long salamander from ries, where scientists study its
extinction, a victim of the draining amazing traits, including the abil-
of its lake habitat and deteriorat- ity to completely re-grow lost
ing water quality. In what may be limbs. Axolotls have played key
the final blow, nonnative fish roles in research on regeneration,
introduced into the canals are eat- embryology, fertilization and evo-
ing its lunch and its babies. lution.
The long-standing Intemation- The salamander has the rare
al Union for Conservation of trait of retaining its larval fea-
Nature includes the axolotl on its tures throughout its adult life, a
annual Red List of threatened phenomenon called neoteny. It
species, while researchers say it lives all its life in the water but
could disappear in just five years. can breathe both under water
Some are pushing for a series of with gills or by taking gulps of air
axolotl sanctuaries in canals from the surface.
cleared of invasive species, while On a 9-foot-wide canal covered
others are considering repopulat- by a green carpet of "lentejilla"
ing Xochimilco with axolotls bred an aquatic plant that resem-
in captivity, bles green lentils Zambrano's
"If the axolotl disappears, it researchers test water quality and
would not only be a great loss to search for axolotls;
,biodiversity but to Mexican cul- The air smells of sulfur and
ture, and would reflect the degen- sewage.
eration of a once-great lake sys- .A Ateam member suddenly
tem," says Luis Zambrano, a biol-' points to the trademark water rip-
ogist at the Autonomous Univet- jle of an axolotl, and the crew
sity of Mexico, or UNAM. hurls its net. But they only come
The number of axolotls (pro- up with two tilapia in a sopping-
nounced ACK-suh-LAH-tuhl) in wet mass of lentejilla.
the wild is not known. But the So far, scientists disagree on
population has dropped from how to save the creature.
roughly 1,500 per square mile in But a pilot sanctuary is expect-
1998 to a mere 25 per square mile ed to open in the next three to
this year, according to a survey six months in the waters around
by Zambrano's scientists using Island of the Dolls, so-called
casting nets. because the owner hangs dolls he
It has been a steep fall from finds in the canals to ward off evil
grace for the salamander with a spirits.
feathery mane of gills and a vis- Zambrano proposes up to 15
age reminiscent of a 1970s Smiley axolotll sanctuaries in Xochimil-
Face that inspired American poet co's canals, where scientists would
Ogden Nash to pen the witticism: insert some kind of barrier and
"I've never met an axolotl, But clear the area of nonnative
Harvard has one in a bottle." species.
Million.- once lived in the giant Without carp, the water would
lakes of Xochimilco and Chalco clear, and plants the axolotl needs
on which Mexico City was built. to breed could flourish again, said
Using four stubby legs to drag Bob Johnson, the curator of
themselves along lake bottoms or amphibians and reptiles at the
their thick tails to swim like mini- Toronto Zoo.
alligators, they hunted plentiful "If you take the insults away,
aquatic insects, small fish and the lake has an amazing latent
crustaceans, potential to heal itself," he said.
Legend has it that Xolotl Veterinarian Erika Servin, who
the dog-headed Aztec god of runs the Mexico City govern-
death, lightning and monstrosi- ment's axolotl program at Cha-
ties feared he was about to be pultepec Zoo, is studying the pos-
banished or killed by other gods sibility of introducing axolotls
and changed into an axolotl to from the lab into the canals.
flee into Lake Xochimilco. But more study is needed to
The axolotl's decline began make sure the process doesn't
when Spanish conquerors start- lead to diseases and genetic prob-
ed draining the lakes, which were lems from inbreeding.
further emptied over time to Xochimilco residents could be
slake the thirst of one of the another source of resistance.
world's largest and fastest-grow- Hundreds of people make a liv-
ing cities. In the 1970s, Lake Chal- ing pulling tilapia from canals or
co was completely drained to pre- growing flowers, lettuce and veg-
vent flooding. In the 1980s, Mex- tables on nearby land.
ico City began pumping its waste- Efforts to remove the fish or
water into the few canals and shut down polluting farms could
lagoons that remained of face stiff opposition.
Xochimilco. But while the debate goes on,
About 20 years ago, African time is running out.
tilapia were introduced into Given its role in research alone,
Xochimilco in a misguided effort Johnson says, "We owe it to the
to create fisheries. They joined axolotl to help it survive."


-~ ~


A-I '*


A MAN holds an African.tilapia fish
in the waters of Xochimilco Lake
region in Mexico City. Wednesday
Oct. 8, 2008. Xochimilco Lake is
the original natural habitat of the
endangered Axolotl salamander, or
Ambystoma Mexicanum, and Mex-
ican and international researchers
are racing to save it, pushing for
the creation of a series of Axolotl
"sanctuaries" in sections of canal
cleared of invasive species, such
as the Tilapia, where it can thrive.




"If the axolotl
disappears, it
would not only
be a great loss
to biodiversity
but to Mexican
culture, and
would reflect
the degenera-
tion of a once-
great lake
system."


Luis Zambrano


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ROBERTO ALTAMIRANO, a villager working with scientists of the UNAM
National University, casts a net in search of Axolotl salamanders in one of
the canals of the Xochimilco Lake region of Mexico City, Wednesday Oct.
8, 2008.


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PAGE 80, MONDAY, NOVEMBER 3,2008 THE TRIBUNE


wish to extend their
deepest condolences to
the family of the late
Franklyn Butler, Senior,
former director and
founding member of
Abaco Markets Limited.


LIABACMIO E
L !IM !IT ED


-'9 -
V.


PAGE 8C, MONDAY, NOVEMBER 3, 2008


The Board. of Directors',
man.age. ent. 'm %I)Meta-


-0


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