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The


Tribune


Volume: 104 No.290


THURSDAY, NOVEMBER 6, 2008


COMMEMORATING BARACK OBAMA'S HISTORIC PRESIDENTIAL ELECTION VICTOR







ahaiinsi hail ia


INlIDE


GERTRUDE BURNSIDE, widow of Dr Jackson Burnside and sister of Sir
Randol Fawkes, in front of her home, the 'White House', in the Fort Fin-
castle area. The house was given its name by her late husband who
was sure a person of colour would be elected to the White House in his
lifetime. Dr Burnside, who died in 2003, never lived to see his dream
become reality. But Gertrude said 'He would have been elated'.
*SEE PAGE THREE


Nation reflects on

historic election victory


* By TANEKA THOMPSON
and Tribune Staff
Reporters-
tthompson@tribunemedia.net
THE historic win of Ameri-
can President-elect Barack Oba-
ma is a "breakthrough" for
humanity and an inspiration to
the organizers of. the One
Bahamas movement to press on
with their efforts to bridge the
racial divide in the Bahamas.
Sir Durward.Knowles, co-
chair of One Bahamas, said that
if citizens of a country like the


US, with its majority white pop-
ulation and history of slavery,
can work together to elect a
black man, it is possible for
black and white Bahamians to
work together to build the
nation.
"Never in this world did I
think this could happen. You
know in the 1950s blacks could-
n't even go into a hotel and now
the president of the United
States is a black man. It really
surprised me," he said. "I don't


SEE page 12


'4-4-


Appointment of Senator Anthony

Musgrove by PM 'was not valid'


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CHIEF Justice Sir Burton Hall
ruled in favour of the Progressive
Liberal Party yesterday, finding that
the appointment of Senator Antho-
ny Musgrove by Prime Minister
Hubert Ingraham was not valid,
He did not make the same find-
ing with respect to Senator Tanya
Wright, whose appointment origi-
nally inspired the PLP's legal chal-
lenge.
FNM Senator Musgrove was
sworn into office in July, while the


Chief Justice Sir Burton
Hall makes ruling


challenge of Ms Wright's appoint-
ment, on the basis that it was
unconstitutional, was still before
the courts.
The PLP have maintained that
the seats Ms Wright and Mr Mus-
grove held should have gone to


PLPs rather than FNMs based on
the balance of seats held in parlia-
ment.
At the time of his appointment,
Mr Musgrove was quoted in anoth-
er local daily as saying: "If (Mr
Ingraham) has decided to appoint


me to the Senate, I am almost cer-
tain that he would have relied on
the legal opinion.
"He himself being an attorney.
he understands the ramifications of
not relying on the Constitution. So
I'm almost certain that he has got-
ten the necessary advice and the
decision he made today is within
the constraints of the Constitution."
It is not yet known if the Attor-
ney General's Office will appeal
the ruling.


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PAGE 2, THURSDAY, NOVEMBER 6, 2008 THE TRIBUNE
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Students ecstatic with Obama victory


* By LLOYD ALLEN
Tribune Staff Reporter


THOUGH not old enough to vote, and consid-
ered by some to be too young to understand the
complexity of a presidential election, the students at
Woodcock Primary are nonetheless ecstatic about
the victory of US president-elect Barack Obama.
The students, who have been watching the news
throughout the weeks leading up to the election,
say they now believe that nothing can stand in their
way when it comes to fulfilling their dreams.
*According to sixth grader Deshawn Adderley,


Barack Obamas' victory is as a milestone for black
people across the world.
Deshawn said: "People say he was the first African
American to be a president, and they say he made
history, and he is my hero."
This youngster added that after watching Barack
Obama achieve his goals, he too wants to one day
become the leader of his country.
-Also excited about President Obamas' victory
was fifth grader Brently Young, who said he believes
he can fulfill his dream of becoming an ambassador
to the-US-,thanks to black-heroes like Barack Oba-
ma. and Martin Luther King Jr.


On the road to an election win


FERVENT BARACK OBAMA supporter Jerome LaFleur, president of the J&L Heavy Duty Equipment company,
backed the new United States president-elect in style. Prior to election day in the US, Mr LaFleur decorated his
truck with photos of Obama andani-array of Ameriian id'h~driani flags, :,


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THURSDAY, NOVEMBER 6, 2008, PAGE 3.


THE TRIBUNE


0 In brief
............................................................... *

The Marco City
election court case

resumes today
LEAD attorneys for bbth
Zhivargo Laing and Pleasant
Bridgewater laid over copies of
their final submissions in the
Marco City election court case
yesterday.
The case resumes today
before Senior Justice Anita
Allen and Justice Jon Isaacs. It
was agreed yesterday that the
judges would peruse the lengthy
final submissions and return to
court today for submissions on
any issues that may have arisen.
Freeport based attorney
Fred Smith who is representing
Zhivargo Laing laid over to the
court yesterday several bundles
of documents including submis-
sions on the evidence of the
petitioner Ms Bridgewater and
documentary evidence by the
first respondent, Mr Laing.
Mr Smith told the court that
the votes of 22 persons were
being challenged by Mr Laing
and that 80 votes were being
challenged by Ms Bridgewater.
Ms Bridgewater's attorney
Philip 'Brave' Davis told the
court however that her list of
challenged voters would in fact
be less than 80.
The Marco City election
court case began in late Febru-
ary. Ms Bridgewater lost her
seat in the May 2007 general
election to Free National Move-
ment MP Zhivargo Laing and is
seeking a court declaration that
she, and not Mr Laing, is the
duly elected member of parlia-
ment for Marco City.

Omar Archer asks

to be considered

as candidate at

2012 elections
PLP member Omar
Archer'has sent a letter to
party leader Perry Christie
asking to be considered as a
candidate in the 2012 elec-
tions.
Mr Archer asked that he
be pegged to run in either
Kennedy or the Mount
Moriah constituency.
"As I have very deep
roots in both constituencies,
I truly understand that the
individual personality of
each constituent would-not -
be so without the nourishing
soil of their respective com-
munity," Mr Archer said in
the letter.
He said: "Both constituen-
cies are suffering from
neglect as well as crime.
These, like many other com-
munities, are suffering from
a breakdown in the family
structure, illiteracy and shat-
tered dreams.
"Therefore the only
promise I will make to my
would-be constituents if
nominated as a candidate is:
if we work together and
remain disciplined to the
ideals of all that is just and
right, together we will move
from being doubtful to being
hopeful about the future".
Mr Archer said he would
"aggressively advocate" for
computer centres, and gov-
ernment and privately run
counselling and day care
centres.
"I will advocate for the
creation of an adult educa-
tion centre for those who
are 18 and older to attend
BGCSE and/or college
preparatory classes," he
said.

Red Ribbon Ball money
will help the AIDS
Foundation of Bahamas
ALL MONEY raised
from the 15th annual Red
Ribbon Ball will aid in the
work of the AIDS Founda-
tion of the Bahamas, organ-
isers say.
The event is put on each
year by volunteers from
Colinalmperial Insurance
Ltd, the largest provider of
life and health insurance
products and related finan-
cial services.
They are supported by
planned attendees and exec-
utive sponsors Kerzner


International, American
Airlines/American Eagle,
John Bull and Sunbound.
The ball is scheduled for
November 15 at the Atlantis
Resort.
The Red Ribbon Ball has
netted more than $650,000
since its inception in 1994.

FO0R3IN]I\LANE I
Uetle,''icd
SPestConro


'First Lady' of the



Bahamas speaks


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
OVER 50
years ago, local
dentist Dr Jack- *t
son Burnside *
envisioned that ..
a person of
colour would be i "'
elected to the
White House in
his lifetime.
The doctor's
belief in this pos-
sibility was so
firm that it led
him to change
the name, of his
family home -
which was once owned by T G
Glover to the "White House."
However, Dr Burnside, who
died in 2003, never lived to see his
dream become reality.
Speaking with The Tribune yes-
terday, his widow, Gertrude Burn-
side, said her late husband would
have been overjoyed to see United
States President-elect Barack Oba-
ma's overwhelming victory over
Republican Senator John McCain
on November 4.
"He would have been elated. He
would say to me, 'Gerts, I told you
it would happen one of these days,"
she said.
Mrs Burnside yesterday recalled
the story of how her home in the
Fort Fincastle area received its
moniker: "He (Dr Burnside) came
home one day, years and years ago
and he said 'Gerts, you don't mind
if I change this to the White House
do you?
"He told me, 'You know, I've
always dreamt of one of these days
we will live in the White House'.
Now I don't think he meant we, as
individuals, but.I think he probably
meant that one of these days you
might see a person of colour in the
White House. He felt that one of
these days, we would all be one,"
she said.
Dr Burnside received his med-
ical training in Tennessee at the
Meharry Medical College at a time
..when the United States was rife
with.racial discrimination and seg-
regation. However, Mrs Burnside
said her husband remained opti-
mistic in the face of the racial ten-
sion.
"He did speak of some racial
tension (during his schooling), but
he didn't speak of it as being the
-jtype tbitawon'i bie oblieraited one
of these dals. He always felt that it
wouldn't stay the way it was and
that not necessarily a person of
colour (would become president).
but that we would not ahlwas be
arguing about black and white "
*she said.
Born in 1918, Mrs Burnside wit-
nessed an era when blacks weren't
allowed to %isit the same cinemas,
banks and other estabhshments as
whites.
"To tell the truth. I never nouced
it because my parents always
seemed to get along with every-
one. no matter black or white. Seg-
regation was not a thing that we
noticed. It was there, but %we didn't
allow it to dictate our lives."
Mrs Burnside the older sister of
the late labour leader Sir Randol
Fawkes hopes Mr Obama's his-
torical victor will shatter the
remaining glass ceiling of racial
prejudice in the United States and
world-wide.
"I am hoping that some of those
people who believe (in segrega-
tion) will realise that we are all one
people and we are all God's people
that's what I'm hoping for," she
l ,.. :- S. ,


GERTRUDE BURNSIDE, widow of Dr Jackson Burnside and sister of Sir Ran-
dol Fawkes, in front of the home, the 'White House', in the Fort Fincastle area.
said yesterday. His win was a landmark moment
On Tuesday night, Democratic in history, making him the- first
leader Barack Obama scored an African-American to be elected to
historic victory, that nation's highest office.


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PAGE 4, THURSDY, NOVEMBERR6,008 THE TDIBUN


BARACK OBAMA'S ascent to the US pres-
idency is remarkable for many things, and we
suspect the fact that he is the first black man to
become leader of the free world will be the
least of them.
For what Obama achieved during one of the
best-run campaigns in American political history
was a measure of approval and acceptance that
made his skin colour almost irrelevant. This,
the US electorate decided, was a man among
men, whatever his pigmentation.
Though many blacks will have voted for him
simply because he is black, and many whites
against him for the same reason, the only way to
secure such a landslide victory was to make a
major impression on practically every segment
of American society, black and white, rich and
poor, educated and uneducated.
That he did so with such aplomb, never allow-
ing the barbs of his rivals to faze him, is a cred-
it to his character.
Throughout those long months of hahd-shak-'
ing and speech-making, he never failed to look
like a man of destiny, someone cut out for lead-
ership-from an early age.
F6r the Bahamas, his emergence also offers
the prospect of a black political role model
worth following.
Strong on family values, burnished by adver-
sity, moved by compassion for his fellow men,
Obama came over as a visionary whose moti-
vation really is the welfare of his country, rather
than self-aggrandisement and an eye to the
main chance, the twin failures of most people
.with political amnibitions. .
He managed throughout to project thealght
mix of authority with humility, proclaiming his
victory as the people's victory, andreaffirming
his heartfelt desire to rebuild America's name in
the eyes of the world.
As successor to George W Bush, a man even
the Republicans don't'wish to discuss nowa-
days, Obama has the opportunity to become a
great president in the, Lincoln-FDR mould, a
man who can revive the nation's fortunes fol-
lowing a time of great crisis.
With a financial nightmare and two costly
wars to contend with, not to mention America's
severely depleted standing among nations, Oba-
ma's job over the next four years will be enor-
mous.
But such is his self-confidence, and the weight
of international goodwill towards him, that it is
hard to believe he will not come through.
His election triumph was much more than a
black triumph, or eyen. a victory of youth over
,age, it was a clear indicator to people of all
groups that America has come of age and is
ready to lead the way into a brighter and better


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future.John McCain, who failed again in his
final attempt on the presidency, was gracious in
defeat, but must have known for weeks that he
was up against not so much a man as a phe-
nomenon.
Obama, the most charismatic politician of
recent times, and an orator in the same league
as Churchill, Kennedy and Martin Luther King,
was a force that defied resistance.
Having overcome the handicap of his colour,
and an exotic name with menacing connota-
tions, he then found himself pitched against the
most dogged and determined woman in the
world for the Democratic nomination.
When Hillary Clinton was ultimately
despatched, and the Jeremiah Wright threat
had been swept aside, Obama was confronted
by a Republican. campaign machine hell-bent on
his destruction.
From that point on, three factors cofitributed
to his success the credit crunch and ensuing
financial meltdown, his rivals' growing reliance
on smears and slurs as they fell behind, and a
woman from Alaska called Sarah Palin.
There is no doubt that McCain suffered fall-
out from the Bush administration's many fail-
ures, especially in starting the Iraq war and in
mismanaging the nation's economy.
As desperation set in, his campaign began to
look ragged and divided, adopting increasingly
questionable tactics in trying to besmirch Oba-
ma's name.
When Sarah Palin entered stage left, Obama's
team" must have experienced a nislfof pure joy.
Though the hard right warmed to her, no-one
else did, and as.her shortcomings became
embarrassingly obvious, McCain's credibility
began to list alarmingly.
With the Wall Street crisis, disarray among his
campaign organizers and a maddeningly unpre-
dictable Sarah Palin to contend with, McCain '
never really looked like a winner during, the
final exchanges of the presidential fight:
\ Though bold and upbeat to the end, it was
clear to all informed, observers that he was
about to fall victim'to an irresistible demand for
change from an electorate sick to the teeth with
Bush and everything he stands for.
However, let's not forget the true message of
this victory.
America has redeemed itself by electing a
president who might just might become a
leader all others will seek to emulate.
If he fulfils the monumental expectations of
his followers, he will become one of those
unusual figures who define the age they live in.
For the sake of America and the world, let's
hope so.


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

LEONE. H. DUPUCH, Publisher/Editor 1903-1914

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-2387
Nassau Fax: (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348'


EDITOR, The Tribune.
Please permit me space in
your paper to comment on the
Rt. Hon Prime Minister's
remarks on the six depart-
ments of Government where
corruption and mayhem seem
to exist to the detriment of
effective delivery of services
that could be regarded as nor-
mal and expected by the pub-
lic.
For years, The Institute of
Bahamian Architects while I
was president and since I've
departed over ten years ago
have been complaining of the
inadequate services that build-
ing Control had been provid-
ing to the development of the
survival of the construction
industry.
To acquire a building per-
mit takes about six months
compared to a week in Florida
and other US States.
To get approvals require


architectural and engineering
professionals registered by
professional boards having to
satisfy, unprofessional persons
at.Building Control, that their:
works are correct because the
unprofessional personnel is-
not familiar with the techni-
cal information supplied by
professional architects and
engineers.
These persons. are also so
self-centred that they are
unaware of the impact that
holding up the processing of
plans for the public has an
impact on the start or cancel-


lationr of a project and there-
fore an impact on the nation's
economy.
S.. applaud Mr Ingraham tak-
ing issue with civil servants
who do not perform their jobs
and their obvious ambiance
toward the impact of their
actions.
I hope-this exercise results
in some heads rolling and not
jus more talk!
RODNEY BRAYNEN,
SFIBA
Nassau,
November 2008


Show me how to lead my

life do not dictate
EDITOR, The Tribune.
Re: Moral Watchdogs/October 312008
I hope The Christian Council will not dictate how I should
lead my life. I would be delighted if they would just continue to
show me.
KEN. W. KNOWLES,.M.D.
Nassau,
November 2, 2008.


289 Market St South P.O. Box N-7984 Nassau, Bahamas

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Attack on Hilton



was inaccurate


and misleading


EDITOR, The Tribune. we continue to recommend to
our guests the range of local
The British Colonial Hilton tours and activities in which
has a long-standing commit- -they can engage outside of our
ment to the community and hotel.
residents of The Bahamas. I am not a fan of engaging
Our entire hotel family of away from Bahamian tour in public disagreements but
team members prides our- operators. felt it necessary to advise your
selves in being good corporate The facts, for which there is readership of the facts.
citizens who are actively documented proof, detail how As public figures (ex-Politi-
involved and supportive of I met Mr Saunders in person cian, Hotel Manager) we
numerous efforts aimed at on May 3, 2007 and advised shod be able to work togeth-
improving our tourism indus- him that Hilton would no er and resolve any differences
try and our community. longer require a tour desk in in person.
Given this-commitment, I our main lobby and that we The misleading story in last
was very disappointed by Mr intended to remodel the area week's Tribune (Thursday 30,
Pierre Dupuch's personal to better meet the needs of October, "The True
attack on myself and Hilton our guedominantl busts. Investor") is inconsistent with
in last week's Tribune (Thurs- ness driven hotel, our leisure what ourhotel and team stand
day, October 30, "The True ess driven hotel, our leisure for.
Investor"). adequately served by our We have a history of sup-
Not only was it unprovoked, concierge team of Bahamians porting the community in
it was inaccurate and mislead- who are well-versed on our which we operate and I
ing. local offerings. believe the British Colonial
Considering Mr Dupuch After months of exchang- Hilton's fine reputation speaks
and I have never met, I was ing.letters, on August 24, 2007, for itself.
taken aback that he engaged we requested in writing that Given the myriad of impor-
in writing slanderous articles the desk be removed before tant matters which we as an
to damage the integrity of the end of September. industry need to address in
Hilton and myself without first Mr. Saunders replied in these trying economic times, I
attempting a personal discus- writing on August 28, 2007 would hope that our focus
sion with me. and the desk was subsequent- could be on the constructive
In last week's article, Mr ly removed by his company steps which we need to under-
Dupuch incorrectly wrote that the very next day. take, rather than divisive pub-
I had recently given Mr Contrary to last week's arti- lic debate which stand to ben-
William Saunders of Majestic cle, this all occurred in 2007, efittno one.
Tours 24 hours to remove his over one year ago, not "recent-
tour desk from the lobby of ly". PETER WEBSTER
the Hilton, without warning Since the tour desk was General Manager,
or reason. removed, both guests and tour British Colonial
As such, it.was inferred that operators have been pleased Hilton
I was trying .to take business with our concierge service and November 5, 2008

I applaud the Prime Minister for taking

issue with underperforming civil servants


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PAGE 4, THURSDAY, NOVEMBER 6, 2008


THE TRIBUNE
















What does Obama win mean for our economy?
B^Ka^^ju^


* By CHESTER ROBARDS
Tribune Staff Reporter
IT has been said that Barack
Obama's landslide victory has far
reaching implications for western
history and society, but some are
now asking what impact the
Bahamian economy can expect.
Senator Obama's policies on
tax haven countries have led to
questions about the future of the
Bahamas' second economic main-
stay. And, his interest in opening
Cuba up to US investment and
tourism, according to some, will
spell ruin for our primary indus-
try.
Lawyer and social activist Paul
Moss recognizes the historic sig-
nificance of the election, but said
Mr Obama's rhetoric regarding
tax haven countries has put him
on the defensive.
"I live in the Bahamas and I
love this country, and I love it
more t".an I love America or even
Barack Obama. Just like he is
intending to defend his country
in America and abroad, I intend
to defend the Bahamas in the
Bahamas and abroad," he said.
"I expect that he is going to be*
very forthright in protecting his
own nation by ensuring that those
tax dollars are more accounted
for onshore, so the Bahamas
could expect to find that we could


be faced with some pressures not
only from Obama, but from
Europe."
Senator Obama has said that
he will work to ensure that Cuba
is opened up to Cuban-American
travel and remittances.
According to his website: "If a
post-Fidel government takes sig-
nificant steps toward democracy,
beginning with freeing all political
prisoners, the US is prepared to
take steps to normalise relations
and ease the embargo that has
governed relations between our
countries for the last five
decades."
Former Trade Minister Leslie
Miller said he believes Mr Obama
could open Cuba within 12
months.
"I believe he saw that what has
taken place over the last 40 years


to Cuba is most unfair and I think
he's going to lift the embargo,"
he said. "They are probably going
to put added pressure on us to
do away with this tax haven sta-
tus," he added.
According to Bahamian busi-
nessman Stephen Wrinkle, who
represents contractors, there was
no way for the Bahamas to escape
US pressure on the tax haven
issue, even if John McCain had
won.
However, Mr Wrinkle believes
it is in the best interest of Amer-
ica that the Bahamas thrives.
"We're their last hope for
human trafficking, we're their last
hope for drug trafficking, we offer
a pretty good alternative to-the
rest of the Caribbean countries,"
he noted. Former Minister of For-
eign Affairs Fred Mitchell is very
optimistic about the future, and is
hoping to build a relationship
with the new president's team.
"One of the things I've been
seeking to do behind the scenes is
to influence his advisers and let
them know that the financial ser-
vices sector actually helps with.
investment and capital stimula-
tion for citizens of the United
States of America and in helping
with developing our country, at
the same time it helps with the
security of the United States of
America, so for those two rea-


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sons it's in the best interest of the
US to allow these financial ser-
vices sectors to continue," said
Mr Mitchell.
He said the election will have
far reaching positive effects on
the psyche of young Bahamians.
"His election, which has result-
ed in lifting the self-esteem of
young black Bahamians and
young white Bahamians, shows
that if you learn your lessons, go


to school, stay on the right side,
that you're decent and hon-
ourable you can actually make it
up to the top," said Mr Mitchell.
Mr Wrinkle said the election
"sets a very good example for
young Bahamians who are aspir-
ing to be in the political arena.
He set a very high standard, he is
a classy guy, polite and cordial
and it sets a very good example
for us," he said.


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THURSDAY, NOVEMBER 6, 2008, PAGE 5


THE TRIBUNE






PAGE 6, THURSDAY, NOVEMBER 6, 2008


PRESIDENT-ELECT
Barack Obama waves
after giving his accep-
tance speech at Grant
Park in Chicago Tues-
day night, Nov. 4,
2008.

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DOWN YOUR STREET

BAIN TOWN FOR OBAMA


BAIN TOWN residents
were excited yesterday about
senator Barack Obama's vic-
tory in the United States' pres-
idential election. They said his
win has significance both for
the US and the Bahamas.
LAMARISON
"It's a good thing he won. It,
shows America isn't racist.
"I had doubts ... some of
the states, you really would-
n't think they would have vot-
ed for a black man."
ASHLEY JOHNSON, 18
"A black man in the white
house? That's very, very good.
I think it will make the coun-


try better. It'll make every-
body get their job back.
"The tourists will come back
over. I think he'll help the
young children and the old
people."

YARDY, 26
' "I would like to say con-
gratulations to Mr. Barack
Obama for winning the elec-
tion. I want to tell him to paint
the white house a black and
white house now. Unity, you
know!"
DOREEN
"I think that's really good
for a black person. I was quite


surprised. It's a step up for us,
it shows the black males that
we can do something rather
than sit out and hang out!
That's a big big improvement
for us."
SHERRY CHARLTON, 49
"I am proud of him. I feel
great.
"I hope he will be an exam-
ple for everyone in the United
States and for the Bahami-
ans."
MILDRED MOSS
"I think it's great. I'll give it
another two years and I think
the country will start to boom
back."


BDM 'expects to benefit


from rise of Barack Obama'


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
"'COME 2012 The. Bahamas"
Democratic Movement expects to
benefit from the rise of Barack Oba-
ma to the United States' highest
political office, its leader said yes-
terday claiming the win will inspire
Bahamians to "move away from the
traditions that we have been bound
by for so long."
"That victory that Barack Obama
won was not only a victory for the
United States but for many people
around the world.
"For people who believe they
have to be subject to the stronghold
that some political parties have held
for a long time, it shows that change.
is possible and change will come



TROII A


and it gives people an impetus now
to expect change and to fight for
change,", said Cassius Stuart.: -
...Mr Obama campaigaed.on.a--
platform of hope and change,
promising a break from the political
past.
He enthused Americans of all-
ages and races and benefitted from
a mass of new first time voters who
registered to take part in the his-
toric election.
The BDM have run in the two
last general elections. None of their
candidates have achieved any elec-


toral success thus far, with most fail-
ing to win enough votes in order to
have-their-deposits returned.
-- But-yesteFday Mr Stuart said that
Mr Obama's triumph at the polls
could spell the end of election mis-.
ery for the party, launched in 2000.
"We have beenruled by the same
two parties for the last 40 years, the
FNM and the PLP. We will borrow
a from line from Barack Obama's
campaign and say that'Yes we can'
in 2012 that we can go in a
new direction," said the BDM
leader.


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THE TRIBUNE











0 In brief

...but for a
small minority
there is only
disappointment

AMIDST the over-
whelming local enthusiasm
and excitement surrounding
the election of the first
African American to the
office of president of the
United States, there remains
a small faction in the
Bahamas who are disap-,
pointed.
Many of these people
believe that Barack Oba-
*ma's victory is based solely
on the colour of his skin.
"Nobody was interested
in his policies. People were
supporting him on the mere
'fact that he was black. Some
of his policies that I was
opposed to were, for
instance, he supports the gay
marriage thing, and he is try-
ing to cut out. the foreign
banking thing and tax it
harder.
"So in terms of us in the
Bahamas, we thrive off off-
shore banking and he is try-
ing to cut that out. So basi-
cally Obama might be better
for America but not better
for the Bahamas," said T
Butler. Another Bahamian,
who wished to remain
anonymous, said that he
believes that Barack Oba-
ma is a muslim and a sup-
porter of terrorists despite
the fact that there is no evi-
dence of either allegation.
"He's from a single fami-
ly. His daddy left him and
his mother. That's what they
do. Most of the single par-
ents in the US are black!"
he exclaimed.
"All they know how to do
is sell drugs and leech off
the government. They don't
pay no taxes and Obama
wants to give them a tax
break!"
In contrast to the overt
racial tone of some of these
sentiments, the majority of
Bahamians of all ethnicities
seemed to be celebrating
Tuesday's historic vote
which elevated Senator
Obama to the post of presi-
dent-elect.


M By LLOYD ALLEN
Tribune Staff Reporter

F FOLLOWING Tuesday's
elections in the US, the
general consensus emerging
among,Bahamians is that the
hope of a people has arrived in
the form of president elect
Barack Obama.
Jennifer Marshall said that
from "day one", she and her fam-
ily were convinced that "Barack
was the right man for the job".
Mrs Marshall said: "When they
announced that he was the win-
ner, the feeling that came over
me was so different; tears fell
down my face because I began to
realise that history had just been
made."
She said that for people who
have been hoping to see the day a
black man would become presi-
dent of the most powerful nation
in the world, Baracks' victory,has
been a dream come true.
Matriarch of this pro-Obama
family, 78-year-old Dorothy
'Mama' Marshall, said that never
in her wildest dreams did she
imagine that in a country like the
United States, a black person


would be chosen as leader.
"I didn't sleep last night, I was
waiting up to hear who the win-
ner was. When Obama came up
with that powerful speech, he
reminded me'of Pindling," she
said. She said that just like for-
mer Prime Minister Sir Lynden
Pindling, Barack Obama is always
prepared to give -advice without
hesitation, "because he is the real'
deal."
Mrs Marshall said she feels
Obama's presidency will help to
turn the Bahamian economy
around, and make life better for
Bahamians.


. Electrician Anthony McDon-
ald said the victory for Obama
has allowed for a brighter future
for black people. "For black peo-
ple, we now have someone in the
US president's seat who is our
colour, and who 'can relate to us,
not in a negative way, but one
who has real knowledge of what it
means to be black and- 'the strug-
gles we face."
Retired John Bain said he
remembers when activist Dr Mar-
tin Luther King Jr was fighting
for the rights of African Ameri-
cans, which coincided with' the
struggles of blacks here in the
Bahamas in the 1960s.
With this success of Obama,
"black people can now look
toward equality in a world that
has for so long treated us like less
than human," he said.
Philip Anthony Storr, 59, said:
"For all black people around the
world, here and now is a chance
to renew the hope of tomorrow
and every category of progress.
And despite your ancestry or her-
itage, today in American it has
been accepted that even a black
person can stand strong and con-
fident as the leader of that great
nation."


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9. Sylvia Jordan (USA) 10. Jerome Edmondson (USA)* 11. Deavra Daughiry (USA) 12. Raphael Massiah (Guyana)
13. Margaret Elcock 14. Shelly Roberts (Canada) 15. Beverly Sounders (Bahamas) 16. Richard Pinder (Bahamas)

2008 Global Leadership Summit Schedule


Session # 1 -"Rediscovering the Leadership Philosophy otJesus"....Dr. Myles Munroe

Registration (Hotel Lobby)
Formal Opening Ceremonies Dignitaries Opening Address
Networking Break
Session #2 "What is Your Gift of Leadership?".......................D..... r. Myles Munroe
Session #3- "Philosophy and Your Gift of Leadership"............Rev. Raphael Massiah
Session #4 "Vision & Your Gift of Leadership" ..........................Dr. Peter Morgan
Networking Break and Exhibition
Session #5 "Serving & Your Gift of Leadership" D.........................Dr. Jerry Homer
Session #6 "Discovering & Refining Your Gift of Leadership?".....Dr. My/es Munroe

Leaders Inspiration and Devotions........................ Min. Dennis Roberts
Session #7 "Keys To Discovering Your Gift of Leadership"........ Dr. Myles Munroe
Session #8 "Passion and Your Gift of Leadership" ................ Pas. Larry Jordan
Networking Break
Session #9 "Authority and Your Gift of Leadership"..............Apostle Bertril Baird
Session # 10 "Success and Your Gift of Leadership" .......M.......... r. Bob Harrison
Networking Break & Exhibition
Special Leadershi Workshops & Seminars'
Session #11 'Greatness and Your Gift of Leadership"..... ................Mr. Les Brown

Leaders Inspiration and Devotions.....................................................Rev. John Ringgold
Session # 12 "Followers and Your Gift of Leadership". ...........Dr. Myles Munroe
Session # 13 "Authenticity and Your Gift of Leadership"................Mr. Bob Harrison
Networking Break & Exhibition
Session #14 "Character and Your Gift of Leadership"..................Rev. John Smith
Session # 15 "Keys To Developing the Leadership of Others" .....Mrs. Beverly Sounders
Exhibit Break & Networking


Sunday
9:30 a.m. 12:30 p.m.
Monday
8:00 a.m.
8:45 a.m.
9:45 a.m. 10:00 a.m.
10:00 a.m. -10:50 a.m.
11:00 a.m. -11:50 a.m.
12:00 p.m. -12:50 p.m.
1:00 p.m. 2:00 p.m.
2:00p.m.- 3:00p.m.
7.15 p.m.- 9:30p.m..
Tuesday
8:00 a.m.- 8:30 a.m. .
8:30 a.m. 9:30 a.m.
9:30 a.m. -10:30 a.m.
10:30 a.m. -10:50 a.m.
11:00 a.m. -12:00 p.m.
12:00 p.m. 1:00 p.m.
1:00 p.m. 2:00 p.m.
2:00 p.m. 3:30 p.m.
7:15p.m.- 9:30p.m.
Wednesday
8:00a.m.- 8:30 a.m.
8:30 a.m. 9:30 a.m..
9:30 a.m. 10:30 a.m.
10:30 a.m. 10:45 a.m.
10:45 a.m.-11:45 a.m.
11:45 a.m. -12:45.p.m.
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"Maximizing Your Personal Leadership Gift"
Session # 17 "Discovering The Leadership Gift in Everyone".... The lion. Zhivargo Laing

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Session # 18 "Ten Benefits of Your Leadership Gift".............. Dr. Myles Munroe
Session #19 "Developing & Refining Your Leadership Gift" ........Jerome Edmondson
Networking Break .
Session #20 "Influence and Your Leadership Gift"..............Pas. Sylvia Jordan
Session #21 "Position and Your leadership Gift"....................Dr. Richard Pinder
Leadership Commissioning "Mentoring & Your Leadership Gift ......Dr. Myles Munroe
Exhibition Open, Networking, Leaders Exchange, Vacation Begins!


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1. Building Your Business through Your Leadership Gift .......................................................s. Deavra Daughtry
2. Building and Mastering Leadership in Media............................................................. Min. Moargaret Icock
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4. How to Develop a Corporate Long Term Strategic Plan........................ .............. Pos. Arnold Farauharson
5. Building and Leading a Global Organization..... ............... ..... Mr. Keith Glinton
6. How to Train the Next Generation of Leaders............................. ....... ........................Pas. Dave Burrows
7 Finding, Developing and Managing Finances.................. ..............Pas. Henry Francis/Mr. Dwight Nichols
8. Appointing and Developing an Effective Leadership Board........................... .........................Dr. Richard Pinder
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tears fell down my face because I began
to realise that history had just been
made.
Jemmifer Marshall


61,6


99








PAGE 8,THURSDAYNOVEMBER6,2008TLOCALNEWSHETRBUN


Woodcock Primary students enjoy 'read to lead' lesson


Man accused of defrauding
British American Bank

A 28-YEAR-OLD man was charged with fraud-
ulently obtaining more than $13,000 from British
American Bank in Magistrate's court yesterday.
Shavarous Woodside, of St Vincent Road, Nas-
sau. pleaded not guilty to 14 charges read by Chief
Magistrate Roger Gomez in Court One, Bank Lane.
Woodside is accused of uttering nine forged
cheques in the name of British American Insur-
ance Company, and cashing them at British Amer-
ican bank branches in Wulff Road, Frederick Street,
Paradise Island, and Cable Beach between Febru-
ary 22, 2005 and March 8, 2005.
The forged cheques range from $495 to $3,995,
amounting to a total of $13,155.85.
Magistrate Gomez granted Woodside $12,000
conditional bail and his hearing was scheduled for
10am on February 18, 2009.


ing islands by the start of the spring semes-
.ter 2009. US Ambassador Ned L Siegel
said yesterday that the "read to lead?' ini-
tiative, which was begun by former US
Ambassador John Rood, is one of the most
vital campaigns ever undertaken by the
Embassy.
"The independence and the power of
reading gives people the ability to read.
"This is no different than president-elect
Barack Obama with his background, where
he came from, proving anything is possi-
ble," the ambassador said. To the hun-
dreds of children throughout the Bahamas
set to benefit from this programme,
Ambassador Siegel said, "if you work hard
and you make good choices, learning how
to read can help you to accomplish any-
thing you set your mind to."
Woodcock Primary principal Diane


Huyler said that since the initiation of the
original programme five years ago, the stu-
dents have shown marked improvement
in their reading.
"The programme has been extremely
helpful, the children are excited, and we
have found that every year when we test,
our reading levels are constantly going
up," she said. The principal added the
school, has received reports of students
reading at home in their spare time, even
without direction from their teachers.
This fact proves the success of the pro-
gramme, she said. In addition to staff from
the Embassy and the Ministry of Educa-
tion, persons volunteering as mentors for
the reading programme come from various
sectors of the community, including banks,
churches, government agencies, and other
private organizations.


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"I have a family
tree of relatives who
have died from
cancer. Therefore I
think it is a good
thing to test and see
if it really runs in
the family."

Carolyn Demeritte
are so many women with breast
cancer. We are looking .for an
hereditary gene that mutated a
long time ago because there are so
many inter-connections in the
Bahamas and if you go deep
enough, everyone is related," he
said. Carolyn Demeritte, a 51-
year-old diagnosed with stage
three ovarian cancer in April, is
now. on Chemotherapy and came
to get tested due to the long line
of persons in her family who
passed away from different forms
of the disease. .
"I have a family tree of rela-
tives who have died from cancer.
Therefore I think it is a good thing
to test and see.if itzeally.runs.in,
the family. That way, we can take
some precautions at an early stage
rather than waiting until it is too
late," Mrs Demeritte said.'
Judith Hurley, breast cancer
specialist from the UM's Sylvester
Cancer Centre, said the pro-
gramme is a culmination of five
years worth of work. She said the
team of researchers believes the
theory that a mutated gene is at
the route of the issue.
"The initial funding for this was


from the Braman Family Breast
Cancer Institute and now we are
under the wing of the Bahamas
Breast Cancer Initiative where
they want to put an end to all
these young women dying of
breast cancer," Dr Hurley said.
The UM Bahamas breast can-
cer study began in 2002, after Dr
Hurley and Bahamian doctors
noticed the early diagnosis age
among Bahamian women.
Dr Hurley and Mr Turnquest
did some research on patients and
confirmed their suspicion: 48 per
cent were diagnosed before age
50. In the United States less than
one-third of cases are diagnosed
that early. A study of 18 Bahami-
an breast cancer patients living in
South Florida was launched. In
eight of. the cases, researchers
found one or more of three gene
mutations that can predispose
women to breast cancer.
Family Island .women are also.
welcome to get tested.
Shanna Clarke is a 27-year-old
second grade teacher from Hatch-
et Bay, Eleuthera who at age 25,
was diagnosed with breast cancer.
There is a long line of breast can-
cer in her family. The disease
killed her mother at age 41.
I,,"The biopsy showed .that the
breast cancer was at stage four,
so there wasn't much they could
have done other than remove the
breast. If I had waited any longer
I would not be here alive today."
Shanna said she is glad she
came to be tested. "Hopefully, I
would gain a better understanding
of why this happened to me. If it is
my diet then that can be changed,
but if it's in my genes there is
nothing I can do but to tell my
sisters to get tested."


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* By LLOYD ALLEN
Tribune Staff Reporter
STUDENTS of Woodcock Primary
were all ears yesterday, as officials from the
United States Embassy and the Ministry of
Education made a special appearance at
the school, volunteering their, time to read
to the children.
Yesterday's visit to the school was part
of the."read to lead" mentoring pro-
gramme, a joint venture between the Min-
istry of Education and the US Embassy
created to encourage children to read
more.
The programme, which was first started
at Woodcock Primary School, has now
been launched nationwide at schools in
New Providence, Cat Island,.Abaco, and
Eleuthera, and is set to expand to remain-


* BY ALEX MISSICK
RESEARCHERS are getting
closer to finding out whether a
mystery gene mutation is to blame
for the alarming rate of cancer
among young women in the
Bahamas.
Yesterday, the Cancer Society
of the Bahamas and the Univer-
sity of Miami (UM) brought a
new screening programme to the
Bahamas from Florida where it
has already been used to test
Bahamian women with breast or
ovarian cancer.
The project managers say they
are making progress in determin-
ing why Bahamian women tend
to get these two forms of cancer
early in life, and in a more aggres-
sive form, than most women
around the world.
Theodore Turnquest, consul-
tant medical oncologist at the
Princess Margaret Hospital, said
they are hoping to test at least 175
to 200 women for the suspected
gene mutation. "We are looking
for women with breast and ovari-
an cancer with an interest in
women of a younger age calibre
although that's not a restriction
but we would still welcome all
ages," Mr Turnquest said:
Mr Turnquest explained that
because this is a genetic test, there
will be no physical manipulation
or machines involved, only the
use of cheek swabs.
"The results of this test should
take at least three to four weeks.
Depending on the volume of peo-
ple, it may take a little bit longer,"
Mr Turnquest said.
"We want to essentially look
and see if we can find a pattern to
answer the question of why there


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PAGE 8, THURSDAY, NOVEMBER 6, 2008


THE TRIBUNE







THE TIBUNETHURDAY, OVEMBRL6,008,NAGES


PLP vice-chairman charged with assaulting wife


PLP vice-chairman Craig Butler was
formally charged with assaulting his
wife in court yesterday.
The attorney and political enthusiast
sat with his lawyer at the bench in front
of the packed courtroom as proceed-
ings began.
Prosecuting officer Sgt Thurston
requested an adjournment of the mat-
ter as the claimant, Butler's wife Ter-


rel, was busy with a matter in the
Supreme Court and was not able to
attend.
However, Mrs Butler had indicated
that she wished to continue with pro-
ceedings.
Chief Magistrate. Roger Gomez
called on Butler to stand before the
bench for a formal reading of the
charge, and he walked through the


gate to the other side of the barrier in
court one.
Standing still and calmly, Butler
pleaded not guilty to the charge that he
unlawfully assaulted Terrel Butler on
Friday, May 9.
Chief Magistrate Gomez extended
police bail until 2pm today, when his
$1,000 bail must be signed.
He will reappear in court for trial


on February 18 at 10am. Butler is a
former columnist at The Nassau
Guardian and used to host the radio
talk show 'Parliament Street' broadcast
on Island FM.
He is the grandson of former gover-
nor general the late Sir Milo Butler,
and the brother of FNM Social Ser-
vices Minister Loretta Butler-Turner.


A mother's desperate plea:



I want my daughter back


Teenage girl goes
* By PAUL TURNQUEST -
Tribune Staff Reporter
pturnquest@tribunemedia.net
A MOTHER is desperately
seeking the return of her 13-
year-old daughter, Gabriell
Miller, who went missing on
Sunday night in the Imperial
Park area.
According to Larosa Hanna,
Gabriell who is a student of
LW Young has never run
away from home before, or
done anything remotely resem-
bling undisciplined behaviour.
Ms Hanna described her
daughter as weighing between
125 and 130 pounds, of light
brown complexion and about
five feet, eight inches tall.
"She is very mannerly, very
disciplined, very loving. She
wasn't in any problems or any-
thing," Ms Hanna said.
Prior to her disappearance,
Gabriell was last seen by her
grandfather, Reverend Felix
Miller.
Mi Miller told The Tribune
that his granddaughter had
asked him for permission to go
across the street and play with a
neighbour.
"She said: 'Daddy, I'm going
across the street to the next
door neighbour.
"So I said OK. But when I
got there, it was a whole other
story, am
"Had I known that, I would dau
never have let her go, because I M


L4i-r .r


missing on Sunday night in Imperial Park area


very protective of my grand- filed an official statement with
ghter," he said. the Elizabeth Estates police sta-
Is Hanna said that she has tion on Monday, but has yet to
; : ,* v - ", .; "," 'c .'., */ v'" -


hear anything back from the
officers there.
She is therefore encouraging
members of the public to call
the nearest police station or the
Miller home at 364-1679 if they
have any information regard-
ing the whereabouts of Gabriell.
"We are hoping for the best,
and being positive.
"We don't know if she has
been persuaded by a male
acquaintance... we don't know
what to think right now.
"We are just praying for her
safe return and appealing to
her, if she can hear us, or any-
one who may know where she
is.
. "We just want her to be back
home," Ms Hanna said.
As some parents would
undoubtedly be angry with their
child for sending their family
on such an emotional roller-
coaster by running away from
home, Mrs Hanna said that she
does not want her daughter to
worry about that "at all".
"We've gone through a lot of
emotions.
. "We haven't been eating well,
we haven't been sleeping well.
But we just want her home.
"Her family just wants her
safe.
"This has been really hard on
us, because we don't know
what's going on with her," she
said. Mr.Miller added: "And
whoever she is with, please let
her come home."


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for the late


GEORGE THOMAS

CLARKE
November 6, 1959 April 27, 2008
We the family circle of the late George Thomas Clarke
wish to impart our heartfelt appreciation to all those who
sympathized with us in our recent bereavement. A huge
thank you, to all our relatives and friends, especially who
sent sympathy cards, floral tributes, and attended the
funeral service. Special thanks are also extended to the
entire staff of the Male Orthopedic Ward, Dr. Lockhart,
Dr. Robert Leon Gibson, Rev. Cedrick Smith, Rev. Glenda
Cox, Rev. Trevor Stubbs, Rev. Dr. Earle Francis, and
members of Firt Baptist Church, members of the Omni
Bus Drivers Association and the entire community of
Golden Isles & Carmichael Roads.


0


THURSDAY, NOVEMBER 6, 2008, PAGE 9


j ^l,- .';"-


THE TRIBUNE





ri~ hi, I nur-1~L)AY, NUVLMIiLII b, 2UUb WI: IRIb.


BI LOCALNEWtS


Medvedev: Russia to deploy missiles near Poland
* MOSCOW term to six years from four
a change that could
RUSSIA will deploy deepen Western concern
short-range missiles near over democracy in Russia
Poland to counter U.S. mil- and play into the hands of
itary plans in Eastern his mentor, Prime Minis-
Europe, President Dmitry ter Vladimir Putin, who
Medvedev warned has not ruled out a return
Wednesday, setting a corn- to the Kremlin.
bative tone that clashed Extending the presiden-
with global goodwill over Barack tial term. could mean a possible
Obama's election, according to 12 more years in the top office for
Associated Press. the popular Putin.
In his first state of the nation Echoing Putin, who made criti-
speech, Medvedev blamed Wash- cism of Washington and the West
ington for the war in Georgia and a hallmark of his two-term, eight-
the world financial crisis and sug- year presidency, Medvedev used
gested it was up to Washington the speech in an ornate Kremlin
to mend badly damaged ties. reception hall to cast Russia as a
Medvedev also proposed nation threatened by encroaching
increasing the Russian presidential American military might.


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Recommendations for 'navigating


through tough economic times'


FINANCIAL chiefs have
issued a list of recommendations
to the government for navigating
these tough economic times.
In a paper issued yesterday,
Lynden Nairn of Colinalmperi-
al, Anthony Ferguson of CFAL
and John Bostwick II noted that
the global financial decline is
"wreaking havoc on our tourism
industry" and will no doubt
affect the banking sector as well.
The paper said the Bahamas
must "act quickly, comprehen-
sively and transparently" after
proper consultation.
It said the government should
implement an economic strategy
premised on five principles:
Alleviating people's pain
Building a stronger society
ready to spring forward in a
recovery
Fiscal prudence
Sustainability
Preserving and generating
foreign currency
"We recommend that particu-
lar attention is paid to young
people with respect to training
and job placement, to minimise
the likelihood of deviant behav-
ior," they said.
The paper went on to make
specific recommendations to
government in several areas.
In terms of tourism, it said the
government should:
Introduce "Amphibious
Travel" which would see visitors
travel mainly, but not exclusive-
ly, from the east coast of Amer-
ica by'cruise ship and spend
three nights at a local resort
Promote domestic tourism


Financial chiefs issue

list to the government


to keep money circulating in the
economy and create cultural and
heritage experiences for fami-
lies
Encourage multi-island
vacations, where those planning
to visit for more than five days
can fly to a Family Island free
of charge, provided they stay for
at least one additional night.
In terms of energy, the paper
recommended:
A study on the impact of
replacing incandescent light
bulbs with a more energy sav-
ing solution, and the feasability
of legislation or a subsidy to this
end.
Within 60 days, placing the
busing sector under one compa-
ny mandated to dramatically
increase routes and equipment,
while upgrading service. "We
believe this is a national imper-
ative that could easily save the
country millions of dollars," they
said.
In terms of training, the
paper recommended that gov-
ernment:
Allow .companies to enjoy
rebates of up to 50 per cent of
their business license fees
payable in 2010 of up'to a com-
bined $5,000,000. Licensees
would have to demonstrate that
between October 1, 2008 and
March 2009 additional staff


training was undertaken and no
employees were fired.
Provide paid training for
hundreds in areas including: fish
farming, agriculture, electronics
and IT. Those needing unem-
ployment assistance should be
encouraged to engage in these
progrAmmes.
In terms of economic diversi-
fication it was recommended.
that government:
Use incentives, joint ven-
tures and other means to
increase import substitutions and
exports by 10 per cent in two
years.
Give added short-term
incentives to companies involved
in manufacturing, agriculture
and fishing to ensure that they
not only survive, but thrive once
the economy rebounds.
Establish a poultry farm to
fulfill 100 per cent of local
demand. Similar arrangements
should be made for vegetable
and mutton farming.
In terms of construction, the
paper said the government
should:
Encourage and guarantee
the issuance of $100 million
bonds by private and non-profit
entities to fund extensions to
existing schools and build new
ones. More private schools will
thus be added, which are shown


to produce a better crop of stu-
dents.
Fast track building and
development approvals, while
increasing application fees ip
return for improved efficiency.
Explore and pursue addi-
tional road improvement inno-
vations to alleviate traffic con-
gestion throughout New Provi
dence.
In terms of personal finances
the government should:
Pursue discussions witl
lending institutions and the Cen
tral Bank to see how best to pre
vent families losing houses.
Place a moratorium on fore
closures where people have ha(
a good payment record
Encourage savings through
for example, pension legislation
The paper said: "There i!
ample historical evidence to sup
port the proposition that one o
the best ways to'lessen the
effects of a recession is by having
high savings. Regrettably the
savings rate of the average
Bahamian is abysmal."
In terms of taxation, the gov-
ernment should:
Make serious efforts td
introduce a new form or nation-
al taxation, which encourages
production rather than imports
In terms of privatization, the
government should:
Develop a set of protocols
the cornerstone of which ii
transparency
Immediate steps to sell ZNS
Water and Sewerage, Bahama-
sair and garbage collection ser-
vices


Cashier charged with stealing represents herself in court
A SUPER VALUE cashier charged with Moss, and noted that items passed over the over and if I did it didn't intentionally happen
stealing $152 worth of goods from the Winton registerwere not recorded in the receipt shown When the other cashier did this they just sentO
supermarket told the Magistrate's Court on to her by Bernadette Butler Farrington, man- her home." I
Tuesday that she was held overnight in a police ager of the Super Value store in Prince Charles Pratt said police did not explain why she wasi
cell before she was told the reason for her arrest. Drive, Winton, where Pratt was working. arrested until the following day.
Jakeria Pratt, 19, of Cascarilla Street in She said: "I could see where the cashier was She 'choked up with tears as she. told the|
Pinewood, Nassau, represented herself before putting in some items and passing some stuff court she was locked in a cell, .adding: "Later
Magistrate Guillimina Archer in Court No 10, over." that night they asked if everything was okay
Nassau Street. Corporal Russell arrested Pratt at the store and I said 'no'. The following day they explained
Prosecution witness Kendrick Moss, an oper- on August 3 and took her to the Elizabeth to me why I was arrested."
nations manager at Super Value responsible for Estates police station. Pratt, who now works at FML, had worked at-
security surveillance systems in the store, told Pratt was charged with stealing $152 worth of Super Value for six months prior to the incident.
the court how he viewed CCTV footage of goods from Super Value, and told the court in Magistrate Archer will give her ruling on
Pratt passing items across the counter without an unsworn statement how the register December 8. .
scanning the barcode to enter them into the had not been working properly and she had She told the defendant: "I will review and
register, asked her supervisor to be moved to a different consider the evidence in its entirety and make a
Corporal Anastasia Russell told the court till. determination of your innocence or guilt. Your
she saw the surveillance tape monitored by Mr She said: "I don't recall carrying any goods bail extends until that time."


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THURSDAY, NOVEMBER 6, 2008, PAGE 11


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PAGE 2, THRSDAY NOVEBER 6 2008THE TIBUN


FROM page one
think race will ever he brought
up in future elect ions, they tried
that before and it didn't work. I
think we're making strides with
the black and the white (rela-
lions) and eventually there will
be no issues."
Barak Obama's win, he
said, should affect Bahami-
ans just as much as it affects
Americans.
"I see it as a breakthrough
for One Bahamas as well,"
he said.
Sir Arthur Foulkes, Deputy


Nation reflects on

historic election victory


to the Governor General,
The Tribune he didn't expect
to see a person of African
descent elected to the Oval
Office in his lifetime.,
"Racism is still strong in
America and I didn't think
that the majority of Ameri-
cans, white Americans, had
yet come around to the point
that they would be willing to


elect a black man as presi-
dent. I didn't see that hap-.
pening this soon. But a num-
ber of events have caused
that to happen America is
changing and becoming a
country of minorities, pretty
soon there will be no (white)
majority."
He hopes President-elect
Obama can resurrect the US'


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weakened economy which
would in turn boost this coun-
try's ailing tourism industry.
"It's quite an historic event
and very inspiring, for uis in
the Bahamas. I believe one
good thing will be if he can
succeed in turning around the
financial situation, if he can
dig America out of that hole
and put more money in the
pockets of middle class
Americans that would be
great for us because that's the
bulk of our tourism business
- middle class Americans.
"But on the whole it has
been very inspiring, .especial-
ly for'young people, Obama
comes from a very challeng-
ing background he didn't
know his father, he was
'brought up by his grand-
mother and the fact that he
can rise from that, I think is
quite a story."
Mr Obama's win is an
unprecedented moment of
change in America, a coun-
try plagued by the weight of
more than 200 years of slav-
ery, racial discrimination
against minorities and a mili-
tant civil rights movement.
While black Bahamians
didn't have to fight for equal-
ity as bitterly as their Ameri-
can counterparts during the
Civil Rights Movement of the


1960s, or be victim to the
vicious crimes against human-
ity during South Africa's
Apartheid, Bahamian forefa-
thers scored a victory against
oppression during Majority
Rule.
Sir Arthur did not liken Mr
Obama's victory with the cir-
cumstances surrounding that
fateful day in 1967, but
acknowledged that a common
thread of triumph runs
between the two.
"The history is different -
our history is different from
America's history, even
though we had slavery in the
Bahamas, black people were
in the majority in the
Bahamas, so it was just a
question of getting the elec-
toral system (right) and
straightening out the injus-
tices and the inequities in that
system that made Majority
Rule possible.
"So the stories are differ-
ent but the basic thing is that
the human spirit can over-
come all these challenges and
in that respect (they are)
alike," said Sir Arthur.
He feels Mr Obama's elec-
tion will usher in a new peri-
od of politics in the US and in
this country, where a candi-
date will be chosen based on
their qualifications, and not


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on their colour, creed or gen-
der.
Leslie Miller, former trade
minister, said Mr Obama had
"transformed the colour bar-
rier not only in the United
States" but world-wide.
"This election let you know
that it's the goodness of
mankind, it's that inside abil-
ity that God gives each and
every one of us that we could
rise above colour, hat we
could rise above country and
we can do good for mankind.
"This culminates Martin
Luther King's dream and I
know he's a happy man
today," he told The Tribune
yesterday.
Marvin Hepburn, an alum-
ni of predominantly black
Morehouse University, hopes
Mr Obama's victory and his
message of reform will trick-
le down into Bahamian poli-
tics and reshape the world's
ideas of the black race.
"The victory for Obama for
this country means we can
possibly get better t x laws,
we can open up the Bahamas
to more of the tourism
aspects of the world, so this
means a great deal for the
Bahamas in general."
"This was long awaited
from Jessie Jackson, and all
the others, but Obama has
since made history, and we
are in a better place as black
people in the world," he said.
To Gwendolyn Clarke, a
94-year-old resident of Fox
Hill, Mr Obama's landslide
victory exemplifies a genera-
tional change. On its impact
for the Bahamas, Ms Clarke
sees the landmark election as
the perfect model for young
Bahamian men to follow.
"The world has changed,
the people have changed,
especially the young people
because when I was growing
up it wasn't like this. I think
his win is a big change and I
hope young men in this coun-
try watch him, pull up their
pants and realise what they
can achieve."
On Tuesday, November 4,
Barack Obama became the
44th president of the United
States after an unprecedented
defeat of rival candidate,
Republican John McCain.
The 47-year-old Democratic
senator from Illinois won 52
per cent of the popular vote
against 47 per cc -t for
Republican rival John
McCain.
On election night he won
349 electoral college votes to
Senator McCain's 162. Only
270 electoral college votes
were needed to declare a win-
ner.
Mr Obama ran on a
groundbreaking campaign of
hope and reform, raised
record-breaking campaign
funds and beat presumptive
Democratic nominee Hillary
Clinton during the US pri-
maries.


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PAGE 12, THURSDAY, NOVEMBER 6, 2008


THE TRIBUNE


"^A,moaw


liam M
i";'i. .. i






THE TIBUNETHURSAY, OVEMBR 6,208, PGE 1


Fares increase




will result in a




'win-win situation'


* By KATHRYN
CAMPBELL
THE increase in bus and
taxi fares will result in a "win-
win" situation for both the
providers and the users of the
transportation systems,
according to Public Works
and Transport Minister Neko
Grant.
The new bus and taxi fares
which came into effect on Sat-
urday, November 1, for New
Providence and Grand
Bahama, are designed to bring
relief to .transportation
providers, Mr Grant said.
"Diesel and gasoline have
increased as well as other fac-
tors increasing the cost of
operations for our transport
providers," Mr Grant said.
"As a caring government we
wanted to bring them relief
and at the same time be fair to
users of public transportation.
We believe that what we have
given is a win-win situation for
the providers as well as the
users."
Minister. Grant also
explained that the fare
increases were considered and
given because there has not
been an increase in a number
of years. He said the trans-
portation providers are for the
most part "pleased" with the
fare increases.
"There is some concern as it
relates to the user category
route by the Public Transit
Association of the Bahamas
(PTAB). I have asked Reuben
Rahming, president of the
Association, to formalise "his
concerns by addressing them
to the Controller of Road


Traffic. We certainly will seek
to resolve the concerns," the
minister said.
The omnibus (jitney)
increases for New Providence
range from 25 cents to fifty
cents and for taxis from $3 to
$5.
In Grand Bahama the bus
fare increases range from 25
cents to $4 and the increases
for taxis range from $3 to $10.
Minister Grant revealed
that six new "non-touristic"
taxi cab zones have also been
approved for New Providence.
They are Mount Pleasant,
Coral Harbour, Englerston,
Elizabeth, Marathon, Bain
and Grants Town.


THE OMNIBUS (JITNEY) FARE SCHEDULE IS AS FOLLOWS:


* Primary school students....................$0.50
* Senior citizens, old age pensioners and
disabled persons ................................... $0.50
* Secondary school students (in
uniform )................................................. $1.00
All urban areas between Blake Road and
Coral Harbour in the west; Winton High-
way and Yamacraw Road in the east; Bay
Street in the north and Summer Haven in
the south.................................................. $1.25
* Downtown to Adelaide Village ..... $1.50
* Downtown to Compass Point ............$1.50


* Downtown to any area beyond Compass
Point ....................................................... $2.25
* Downtown to any area beyond
Adelaide Village (Clifton Pier-South
O cean) .......................... ...................... $2.25

* Between Coral Harbour and Adelaide
V illage.................................................... $0.75

* Between Blake Road and Compass
Point....................................................... $0.50

* Between Winton Highway and Eastern
R oad....................................................... $0.50


p q


you are cordially invited


pw


'P.O. Box 'EL -27424
Spanish 'W4elfs, 'Bahamas


ITel. c& Faa:
242-333-4656
roddie@caralwavce.cornm


YOUR FUTURE

IS ABOUT TO GET BRIGHTER


COME SPEAK TO THE EXPERTS





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Pyfrom Road
P.O. Box 5425

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THURSDAY, NOVEMBER 6, 2008, PAGE 13


THE TRIBUNE


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PAGE 14, THURSDAY, NOVEMBER 6, 2008 THE TRIBUNE


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VICTORY OF BARACK OBAMA



Suddenly, it may be cool



to be an American again


* By WILLIAM J. KOLE
(Associated Press Writer)
VIENNA, Austria

She was a stranger, and
she kissed me. Just for
being an American.
It happened on the bus on
my way to work Wednesday
morning, a few hours after com-
patriots clamoring for change
swept Barack Obama to his his-
toric victory. I was on the
phone, and the 20-something
Austrian woman seated in front
of me overheard me speaking
English.
Without a word, she turned,
pecked me on the cheek and
stepped off at the next stop.
Nothing was said, but the
message was clear: Today, we.
are all Americans.
For longtime U.S. expatriates
like me someone far more
accustomed to being targeted
over unpopular policies, for
having my very Americanness
publicly assailed it feels like
an extraordinary turnabout.
Like a long journey over a
very bumpy road has abruptly
come to an end.
And it's not just me.
An American colleague in
Egypt says several people came
up to her on the streets of Cairo
and said: "America, hooray!"
Others, including strangers,
expressed congratulations with
a smile and a hand over their
hearts.
Another colleague, in
Amman, says Jordanians
stopped her on the street and
that several women described
how they wept with joy.
When you're an American
abroad, you can quickly become
a whipping post. Regardless of
your political affiliation, if you
happen to be living and working
overseas at a time when the
United States has antagonized
much of the world,. you get a
lot of grief.
You can find yourself pressed
to be some kind of apologist for
Washington. And you can wind

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Americans living overseas have gotten used
to being a whipping post for much of the
world's anger. But a veteran AP foreign cor-
respondent got an impromptu kiss on a bus,
and he marvels at the new post-election mood.


,- =
BUREAU CHIEF William J. Kole at work in the Vienna bureau of The
Associated Press on Wednesday, Nov. 5, 2008. Around the globe,
Americans have noticed an outpouring of goodwill after Barack Oba-
ma's historic presidential victory. For Kole, it came in the form otan
impromptu kiss from an Austrian on a bus..


S0






-,
LESLIE ROGERS, from Georgia, from left, Mina Bishop, from Florida,
and Melina Baetti, from Georgia, react at the announcement of the vic-
tory of President-elect Barack Obama Wednesday, Nov. 5, 2008, in
Paris.


up feeling ashamed and alone.
I'll never forget a ride in a
taxi in Vienna when the world
was waking up to the abuses
wrought by U.S. troops at the
-.-detention center for suspected.
terrorists at Guantanamo Bay,
Cuba.
My driver, a Muslim, was
indignant. "You are American,
yes?" he asked in that accusato-
ry tone so familiar to many
expats.
"Uh, no, Canadian," I said.
And it wasn't the first time I
fudged where I was from. I
speak three foreign languages,
so I have a bit of flexibility
when it comes to faking. At var-
ious times, I've been a German
in Serbia, a Frenchman in
Turkey, a Dutchman in Aus-
tria.
I'm not proud of it. But when
you're far from home, and
you're feeling cornered, you
develop what you come to
believe are survival skills.
Last spring, after the Bush
administration recognized


Kosovo's independence, a Serb
who overheard my American-
accented English lobbed a beer
can at me in central Vienna. He
missed, but spat out an unflat-
..-tering "Amerikanac" and told-
me where to go.
On another occasion, an Aus-
trian who heard my teenage
daughter chatting with a friend
pursued her, screaming, "Go
Home!"
Physical attacks on Ameri-
cans overseas are rare. Yet
some of us felt vaguely at risk.
Maybe it was just the hostili-
ty we'd encounter even in
friendly venues such as cocktail
parties, when our foreign hosts
would surround us and demand
to know why U.S. troops were
roughing up inmates at Iraq's
Abu Ghraib prison. Or refus-
ing to sign the U.N. Conven-
tion Against Torture. Or reject-
ing the Kyoto accord on climate
change.
Maybe it was the State
Department, which issues regu-
lar travel advisories urging


Sanpin Motors Ltd,
II I ~


Americans to keep a low profile
even in tranquil Austria.
Often, of course, I've pushed
back reminding critics that
most Americans are decent and
generous souls, quick to
respond with money and man-
power whenever and wherever
in the world catastrophe may
strike.
My children came of age in
Europe, and in a hostile post-
9/11 world we had to teach
them to avoid being too con-
spicuously American. Don't
speak English loudly on the
subway. Don't wear baseball
caps and tennis shoes. Don't
single yourselves out, guys, and
even worldly wise Americans
can unwittingly become targets.
We didn't overdo it, but
there's always been that ten-
sion. That difficult-to-describe
sense of vulnerability. That nag-
ging instinct that maybe we'd
better watch it, because our
government is intensely unpop-
ular and we're not entirely wel-
come.
I know Americans who at
times have felt that way even
in laid-back Vienna, where the
greatest danger is probably eat-
ing a bad pastry.
That's what made Wednes-
day's unsolicited kiss so remark-
able.
I don't want to read too much
into an innocent smooch, but it
didn't feel particularly pro-Oba-
ma, even though the new U.S.
president-elect enjoys broad
support here. No, it seemed to
impart two sentiments I haven't
felt for a long time: friendship
and admiration.
Obama captured it in his
acceptance speech this sense
that despite holding America's
feet to the fire, the rest of the
world is rooting for it and wants
it to lead and succeed.
"Our destiny is shared," he
said, "and a new dawn of Amer-
ican leadership is at hand."
Overnight, Americans did
something their harshest critics
in Europe have yet to do: elect
a..aers qof color as headof
state and commander in chief.
That gives U.S. citizens some
bragging rights, even if a lot of
us would just as soon eschew
hubris and embrace humility.
I'm a marathon-rmnner, and I
have a red, white and blue sin-
glet that I've seldom dared to
wear on the Continent..
Marathons are difficult enough
'without enduring catcalls and
jeers from spectators.
But my best friend and train-
ing partner who is French -
just gave me his stamp of
approval.
"Will you wear your Stars
and Stripes shirt now? You're
allowed!" he told me.
EDITOR'S NOTE -
William J. Kole, AP's Vienna
bureau chief, has covered Euro-
pean affairs.since 1995.


THE TRIBUNE


PAGE 14, THURSDAY, NOVEMBER 6, 2008






THF TRIBUNE


THURSDAY, NOVEMBER 6, 2008, PAGE 15


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PAGE 16, THURSDAY, NOVEMBER 6, 2008 THE TRIBUNE


*OCALNW


Three police hurt, suspect shot during recovery of stolen car


THREE police officers were injured and a sus-
pect was shot in the leg during the recovery of a stolen
car in the early hours of yesterday. t
Sometime before 2am, officers of the Mobile Divi-
sion were on patrol in the Pinewood Gardens area
when they spotted a man sitting in a black Nissan Sen-
tra "acting in a suspicious manner," press liaison officer
Asst Supt Walter Evans reported.
As the officers approached the car, gunshots were
fired in the direction of the police. One of the officers
withdrew a service weapon which was then discharged.
After the shots were fired, the man in the Nissan Sen-
tra sped off. Officers called for back-up and gave chase.
The chase ended in the Croton Street area where the
Nissan Sentra hit the rear end of a responding police
vehicle. Three officers were taken to hospital com-
plaining of head and neck injuries. The driver of the


Nissan Sentra was apprehended. He sustained an appar-
ent gunshot would to his right leg. It is believed that he
may have been injured in the exchange of gunfire with
the police. The suspect was taken to hospital where his
condition is listed as stable. The Nissan Sentra used in
this incident was earlier reported as stolen.
POLICE took ten persons into custody in con-
nection with the discovery of an illegal firearm and
drugs at a private residence on Tuesday.
Officers from the Southern Police Station at around
llpm carried out a search of a home on Deveaux
Street. In the house, police found a .9mm handgun
with eight live rounds of ammunition hidden in the
water tank of the toilet in the bathroom, a small amount.
of marijuana and cocaine in a bedroom, and a small
quantity of marijuana in the kitchen cupboard.

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THE BAHAMAS CHAMBER OF COMMERCE IN
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FORCE & CRIME STOPPERS BAHAMAS WILL HOST ITS 4TH
ANNUAL CRIME PREVENTION SEMINAR


Police Conference Centre, East Street Headquarters

BEST PRACTICES IN PREVENTING CRIME


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prevention, inventory control measures, information security, and important steps you can take to
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10:30 a.m-COFFEE BREAK

SESSION 2- 1045 am.
'Workplace Crime Prevention Measures'

SESSION 3-11US as.
'Crime Trends in The Bahamas'

1,00p.m- LUNCHEON KEYNOTE
ADDRESS
'ID Theft, Fraud Detection & Risk
Management' C

Mr. Robert Johnson, Founder &
Executive Director, National Association
for Information Destruction

2:30 p.m CLOSING


MEMBER REGISTRATIONFEE $7500
(NON-MEMBERS $10.00)


8:30 a.m. .
Opening Ceremony & Welcome Remarks

NATIONAL ANTHEM:
The Royal Bahamas Police Force Band

OPENING PRAYER:
Father Stephen Davies, RBPF Chaplain

REMARKS:
Mr. Dionisio D'Aguilar, President, Bahamas
Chamber of Commerce

Mr. Reginald Ferguson, Acting
Commissioner of Police

The Hon. Orville (Tommy) A. Turnquest,
MP Minister of National Security

SESSION 1 9:30 am.
'Surveillance Systems: Electronic Security &
Access Control'


To R.SV.P. please Contact The Bahamas
Chamber of Commerce Tte 322-2145
Email: register@thebahamaschambercom


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THE TRIBUNE.


PAGE 16, THURSDAY, NOVEMBER 6, 2008














. .... AIDS-hit Swaziland


promotes circumcision


UN says that it could cut the risk of contracting

the HIV virus by as much as 60 per cent


Dario Lopez-Mills/ AP Phot(
A MAN that did not want to be identified, lies on his back during a
circumcision operation in the city of Mbabane, Swaziland, Friday,
Sep. 5, 2008. Hundreds of Swazi men have opted for circumcision,
after the U.N. said last year that it could cut the risk of contracting
the HIV virus by as much as 60 percent.


* MBABANE, Swaziland
NELSON MDLOVU strides
out of the small clinic with a spring
in his step and a smile on his lips
just minutes after being circum-
cised.
Mdlovu swallowed his fears to
line up with nine other equally ner-
vous men for the 30-minute oper-
ation. They joined the ranks of
hundreds of Swazi men who have
opted for circumcision, after the
U.N. said last year that it could cut
the risk of contracting the HIV
virus by as much as 60 percent,
according to Associated Press.
With the help,. of training from
Israeli surgeons, Swaziland now
leads the African rush to embrace
an ancient surgical intervention
against a modem scourge.
Its zeal is bom of desperation.
Swaziland suffers from the world's
highest AIDS rates nearly 40
percent of pregnant women and
19 percent of its 1.1 million people
are infected. This is the equivalent
of 56.6 million Americans, 11 mil-
lion Britons, 212 million Indians
and 248 million Chinese. Life
expectancy has halved to 31 years
in just a decade.
Mdlovu says he thinks circum-
cision "will change my life."
But there are rumbling fears that
the "kindest cut" may actually be a
double-edged sword, if men fool
themselves that circumcision gives
them immunity and indulge in
risky sexual behavior.
"It doesn't mean you are 100
percent protected," nurse Pru-
dence Mkhatshwashe tells the men
clutching pink numbered tickets
in the freshly painted waiting
room. "You are just 60 percent
protected, and you can get infected
with the other 40 percent."
"Use a condom always. Don't
compromise," she orders, before
giving care and hygiene instrutc-
tions like no running and no play-
ing football and above all no
sex for the next six weeks until the
healing process is complete. The
scene repeats itself daily at the clin-
ic run by the Family Life Associa-
tion of Swaziland.


The AIDS epidemic has
reversed all Swaziland's economic
and social gains since indepen-
dence from Britain 40 years ago.
Mass male circumcision, which
requires local anesthetic and a sur-
geon, will add additional demands
to overstretched facilities in a coun-
try which has only 170 doctors.
But both the government and
the family life association are
determined to press ahead, saying
the benefits of the operation far
outweigh the costs.
"If you had a vaccine with a 60
percent effectiveness rate, every
government would force people to
line up and have it," says Derek
von Wissel, director of Swaziland's
National Emergency Response
Committee on HIV/AIDS.
Universal male circumcision in
sub-Saharan Africa could prevent
5.7 million new infections and 3
million deaths over 20 years,
according to modeling studies cit-
ed by the U.N.
The World Health Organization
and other agencies are trying to
provide technical support to the
Swazi government. Teams of
Israeli surgeons who circum-
cised tens of thousands of adult
men in keeping with religious tra-
ditions during the mass migration
of'Jews from the former Soviet
Union in the early 1990s have
trained 10 Swazi doctors and back-
up staff on how to perform the
operation quickly and safely with
limited resources..
Inon Schenker, who coordinated
the Israeli missions to Swaziland,
says his organization, the
Jerusalem AIDS Project, has sev-
eral dozen surgeons ready to help
African countries scale up adult
male circumcision by training local
health workers in both surgical
techniques and counseling. Swazi-
land is the only country in which
the Israelis are working, though
they've been asked by Rwanda,
Namibia and Zambia, among oth-
ers.
An estimated 665 million men,
or 30 percent of the world's total,
are circumcised according to reli-
gious and cultural practices.


*.' ' ,--' "





ED.c. ,' '. .


DO, "--


THURSDAY, NOVEMBER 6, 2008, PAGE 17


THE TRIBUNE









PAGE 18, THURSDAY, NOVEMBERi6,200N8TIOTHLTRBUN


MEXICAN archaeologist
Guillermo de Anda pre-
pares to dive in an
underground lake in a
cenote cave in
Tzibichen on the
Yucatan Peninsula in
Mexico, Wednesday,
Oct. 2, 2008. Archeolo-
gists using long-forgot-
ten testimony from the
Inquisition trials of Indi-
an heretics in the
1500's have discovered
caves in which ancient
Mayas built chambers,
altars and underground
roads that appear to
represent the path that
departed spirits had to
travel after death.


C-
0



-J
CL
0


UK councils:


no Latin lovers


* LONDON
IT'S a bona fide scandal.
Britain's Latin and Greek afi-
cionados are outraged at a deci-
sion by some local councils to
veto the use of Latin words and
phrases including bona fide,
,ad lib, et cetera and e.g. in
official documents, according to
the Associated Press.
The councils say Latin is no
longer widely understood. But
classicists say axing Latin phras-
es is an attack on the founda-
tions of English the linguistic
equivalent of "ethnic cleans-
ing."
"Think of the number of
words from Latin that are now
part of the English language:
alias, alibi, exit, terminus," said
Peter Jones, a retired professor
of classics at the University of
Newcastle and founder of
Friends of Classics. "Are they
going to cut out those words?"
"The English language is a
hybrid animal that has adopt-
ed any number of words and
phrases from other languages
which have become a part of
English," he added. "To deny
the hybrid nature of the Eng-
lish language is almost like eth-
nic cleansing of English."
The council in Bournemouth,
a town of 170,000 on England's
.south coast, has a "plain lan-
guage" policy that lists 19 Latin


words and phrases to be avoid-
ed, and suggests replacements.
The council recommends
"improvised" instead of ad hoc,
and "genuine" for bona fide.
Salisbury City Council in
southern England also advises
staff to avoid ad hoc and et
cetera, as well as French phras-
es lIke "in lieu" and "fait
accompli."
British local authorities have
been under pressure from their
umbrella body, the Local Gov-
ernment Association, and oth-
ers to cut their use of jargon
and confusing language.
The Plain English Campaign,
which has been fighting official
jargon for three decades, said a
majority of councils had adopt-
ed some form of plain-speak-
ing guidelines, although few
appear to have gone as far as
Bournemouth in eliminating
Latin.
The campaign said it sup-
ported the council's policy.
"We are talking about pub-
lic documents where people
need to read, understand and
take action that may affect their
lives," spokeswoman Marie
Clair said Monday. "This is
information that everybody
needs to know about, regard-
less of their level of education."
Latin and ancient Greek were
once considered the corner-
stones of a first-class education.


0 In brief

Castro praises
Obama but
doesn't
endorse him
* HAVANA
FIDEL CASTRO
praised Barack Obama
Tuesday as smarter and
less warlike than John
McCain, but stopped
short of endorsing either
U.S. presidential candi-
date, according to the
Associated Press.
Cuba's former presi-
dent said he delayed
weighing in until the
U.S. election day so that
no one would have
time to say I wrote
something that could be
utilized by the candi-
dates in their cam-
paigns."
"Without a'doubt,
Obama is more intelli-
gent, cultured and level-
headed than his Repub-
lican adversary," Castro
wrote in state-controlled
newspapers. "McCain is
old, bellicose, uncul-
tured, of little intelli-
gence and not healthy."
Castro, 82, has strug-
gled with his own health
problems. He has not
been seen in public since
July 2006. His younger
brother Raul formally
succeeded him as presi-
dent in February.
The elder Castro
also expressed skepti-
cism about both candi-
dates.
"Worries about the
overwhelming problems
of the world will not
really occupy an impor-
tant place in the mind of
Obama and much less in
that of a candidate who,
as a fighter pilot,
dropped dozens of tons
of bombs on the city of
Hanoi," he wrote, allud-
ing to McCain's military
service;


I. 74.


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PAGE 18, THURSDAY, NOVEMBER 6, 2008


V4 t ,


THE TRIBUNE









INERATIOALNW


Science in searches


of the top banana F ae


Degree


ROTTERDAM, Netherlands
IT'S NOT easy to keep a
banana yellow.
To get it to market ripe but
unblemished by brown sugar
spots takes careful timing, a
slight fiddling with nature's
rhythms and a delivery system
that is increasingly computer-
driven and technical. '
The perfect banana used to
be a rare and precious find, but
technology is changing that.
From the tree in the sweltering
tropics to the grocery rack in
the frigiu north, scientists are
seeking new ways to strengthen
the food chain and extend the
shelf life of perishables so they
reach distant consumers as if
freshly picked.
Commercially, the goal is to
satisfy a demand for quality
food anywhere, any time, and
at maximum profit.
But the implications go fur-
ther: As the world's population
expands by half to 9 billion by
mid-'century, food security will
become critical. The wild rise in
food prices that peaked last July,
with staples doubling or tripling
in cost over three years, under-
scored the consequences of
shortages, whether real or per-
ceived.
As cities grow and wealth
expands, more people eat meat,
dairy and fresh products. "That
requires a totally different way
of approaching agriculture. You
have chains of total food sys-
tems," said Rudy Rabbinge,
chairman of the Science Council
Consultative Group on Inter-
national Agricultural Research,
an alliance of agricultural bodies
worldwide.
Suppliers need to move these
foods longer distances, reduce
spoilage and waste, and curb
their climate-changing carbon
emissions.
It is less challenging for dry
goods like grains and rice sur-
vival foods for much of the
world's poor.
But in developing countries
with poor infrastructure, as
much as half of harvested fruits
and vegetables rot in transit
before they can be eaten, says
- food scientist Henry Boerrigter.
Even in industrial countries,
10-20 percent is lost, much of
it tossed away by restaurants,
groceries or consumers, but the
waste often starts close to the
farm, and worsens as 'the pro-
duce travels.
Perfotec, a Dutch company,
produces laser machines that'
make microscopic perforations
in plastic wrapping film, allow-


ing packaged food to breathe
at a reduced rate. That slows
ripening by up to five days.
It is just one technique for
prolonging the shelf life long
enough to open markets to
farmers in Africa, Latin Amer-
ica or Asia.
Goods can move by sea
rather than by air in greater
bulk, at lower costs and in more
controlled conditions. Sea
freight also produces 25 times
less carbon emissions per box
of fruit, according to Maersk
Lines, the world's largest con-
tainer shipping operator.
As food becomes more
mobile, the marketplace shifts.
Mega-buyers like Wal-Mart
look for the cheapest supplier of
quality goods, says Boerrigter, a
post-harvest technologist at
Wageningen University and
Research Center in the Nether-
lands.
"Where labor is cheap, high-
scale production farms come
up," he said. As one example,
Spain has begun importing
Egyptian strawberries even
though it also is a major pro-
ducer.
Refrigerated transportation
has been in use since the 1870s
when Chicago's stockyards
began shipping meat to the East
Coast by dripping ice through
the roof of railway cars with
frequent stops to replenish the
ice.
Today, 40-foot containers cir-
culate cool air around pallets
piled .high with specially
designed packing boxes. If nec-
essary, nitrogen is pumped into
the sealed container to lower
the oxygen level.
"We used to think avocados
were exotic. Now you can get
them every day, everywhere,"
says Henrik Lindhardt, a senior
general manager of Maersk.
A U.S. innovation that won
safety approval by the Euro-
pean Union in 2005 virtually
puts fruit to sleep. Marketed as
SmartFresh, the active ingredi-
ent 1-MCP inhibits the effect of
ethylene, the chemical agent
that causes ripening. A table-
spoon of the white powder dis-
solved in tap water inside a stor-
age room or sealed refrigerator
can keep three million apples
crisp and fresh for up to two
weeks, says Yvonne Harz-Pitre,
the European communications
manager for AgroFresh Inc.
which makes the product.
Dutch flower growers have
begun shipping some hardy vari-
eties by sea to New York, kept
fresh in containers with "con-
trolled atmosphere," says Lind-


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* TEHRAN, Iran

IRAN'S parliament dis-
missed a Cabinet minister
Tuesday over his fake degree
from Oxford University, a vote
seen as a humiliating blow to
hardline. President Mahmoud
Ahmadinejad who faces elec-
tions next summer.
The Iranian leader has been
at odds with the parliament
before, but the impeachment
of Interior Minister Ali Kor-
dan was the first high-profile
confrontation -between the
president and the 290-member
assembly. It was a further sign
that Ahmadinejad's presiden-
cy, already facing criticism
over the economy, could be in
trouble.
Many Ahmadinejad allies
and hard-liners joined the
opposition in voting 188-45 in
favor of the removal, which
went into effect immediately.
The case turned into a par-
liament drama last week, when
a government official purport-
edly tried to pay legislators not
to vote to oust Kordan.
A hard-line lawmaker
slapped the official, Moham-
mad Abbasi, on the face.
Ahmadinejad then dismissed
Abbasi, but some lawmakers
suggested the payment would
not have been attempted with-
out orders from higher up.
Ahmadinejad is expected to
run in June for a second term.
But the months ahead are crit-
ical if he wants to try to rebut
critics who point to his unful-
filled campaign promises of
improving the lives of ordinary
Iranians and bringing oil rev-
enues to the poorer parts of
the country.
The ouster of Kordan,
whose office is in charge of
holding elections and local
administrations in Iran, brings
to 10 the number of Cabinet
ministers who have been
removed over the last three
years.


Iran's parliament ousts

Ahmadinejad ally


Under Iran's constitution,
one more dismissal will mean
A l_ ._ -l' -~ ~~'_ l / -1 ^ 1


a fake. He was approved by a
relatively slim margin, reflect-
*- 4- '-.--


A GROUP of the Iranian lawmak-
ers count the votes of impeach-
ment of the Iranian Interior Min-
ister Ali Kordan, unseen, during
an open session of parliament, in
Tehran, Iran, Tuesday, Nov. 4,
2008.


Ahnmadineja s Cauinet will ing thuse concerns. was not real. Ahmadinejad
face a confidence vote in the He supported the degree's defended Kordan, shrugging
parliament. Lawmakers have authenticity providing a cer- off degrees in general as "torn
already hinted that they are tificate, dated June 2000 and paper," unnecessary for serv-
considering the impeachment imprinted with an Oxford seal. ing the people.
of the agriculture and educa- But the document, written in The Iranian president has
tion ministers. English, was riddled with come under attack from both
Kordan's resume was ques- spelling and grammar mis- reformers and conservatives,
tioned during his confirmation takes, who brought him to power,
debate in August, when sever- It was only after Oxford both sides complaining he
al lawmakers argued he was denied awarding him an hon- spends too much time on fiery
unqualified for the post and orary doctorate of law that anti-U.S. rhetoric rather than
claimed his Oxford degree was Kordan admitted the degree managing the country.













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PAGE 20, THURSDAY, NOVEMBER 6, 2008

f THURSDAY EVENING


NOVEMBER 6, 2008


THE TRIBUNE


7:30 8:00 8:30 9:00 9:30 10:00 10:30

Great Romances The Adventures of Sherlock Mysteryl "Miss Marple, Series II: Mystery! Marple investigates the
8 WPBT of the 20th Cen- Holmes "The Red Headed League" The Silaford Mystery" A message death of Captain Trevelyan. )
tury (CC) appears during a seance. (Part 2 of 2) (CC) (DVS)
The Insider (N) Survivor: Gabon "Apple in the Gar- CSI: Crime Scene Investigation (:01) Eleventh Hour "Containment"
0 WFOR ( (CC) den of Eden" (N) 0 (CC) "Leave Out All the Rest" Gnssom Jacob tries to contain a potentially
asks Lady Heather for help. lethal virus outbreak.
Access Holly- My Name Is Earl Kath & Kim Kim The Office Un- :31) 30 Rock ER "Oh, Brother" Morris takes Chaz
0 WTVJ wood (CC) (N) (CC) and a friend go usual wedding lo- 'Believe in the under his wing and teaches him
speed dating. cation. (N) 1, Stars" (N) (CC) risky medical procedures. (N)
Deco Drive Kitchen Nightmares "Campania" Kitchen Nightmares "Jack's On News (N) (CC)
B WSVN. Police crash the party at a restau- Waterfront" Restaurant lacking man-
rant's reopening., (PA) (CC) agement. (N) A (PA) (CC)
Jeopardyl (N) Ugly Betty "Crush'd" Amanda be- Grey's Anatomy "Rise Up" The res- (:01) Life on Mars A girl is brutally
U WPLG (CC) comes Betty's temporary roommate, idents compete for a solo surgery, murdered. (N) (CC)
(N) (CC) (N) (CC)

(:00) CSI: Miami The First 48 An innocent bystander The First 48 The body of a 14-year- The First 48 Cincinnati detectives
A&E Bo Counrt dies in a drive-by shooting. (CC) old boy is found; immigrant is found search for a man seen running from
(CC) stabbed to death. (CC) the scene of a crime. (CC)
(:00) BBC World BBC News Asia Business BBC News The Reporters News
BBCI NewsAmerica (Latenight). Report (Latenight).
BET The Black Car- WAIST DEEP (2006, Action) Tyrese Gibson, Meagan Good, Larenz American Gangster (CC)
pet (CC) Tate. Premiere. A man's son is inside his hijacked car. (CC)
CBC Jeopardyl! (N) The Nature of Things (N) t (CC) Doc Zone Worldwide decline in the CBC News: The National (N) ,
CBC (cC)___ male birthrate. (N) 0 (CC) (CC)
(:00) Kudlow & On the Money To Be Announced The Big Idea With Donny Deutsch
CNBC company (CC) __________
(:00) Lou Dobbs Campbell Brown: No Bias, No Larry King Live (CC) Anderson Cooper 360 (CC)
CNN T night (CC)' Bull
Scrubs JD fools The Daily Show The Colbert Re- Futurama Crew South Park Par- South Park (CC) The Sarah Sil-
COM around with With Jon Stew- port (CC) is enslaved to ents ward off kid- verman Program
Jamie. (CC) art (CC) build a pyramid. nappers. I (CC)
Hannah Mon- *% GOTTA KICK IT UP (2002, Drama) Susan (:35) Wizards of Wizards of Wa- Life With Derek
DISN tana A (CC) Egan, Camille Guaty, America Ferrera. A teacher moti- Waverly Place verly Place A "Two Kisses One
vates a Latina dance team. A (CC) (CC) Party" (CC)
This Old House Ask This Old Yard Crashers Blog Cabin Blog Cabin Deconstruction Cool Tools Cut-
DIY Princeton Elms. House A (CC) Floating deck, ting tools.
W In Focus (Ger- Journal: Tages- Maybrit Illner Thadeusz Journal: Tages- Bundesliga Kick
DW man). them them Off
El The Daily 10 (N) The Kardashians: The El True Heidi Klum: The El True Holly- Star Jones: The E! True Holly-
E !Hollywood Story Family profile, wood Story Heidi Klum. (CC) wood Story t (CC)
ESPN College Football Maryland at Virginia Tech. (Live) SportsCenter
ESPN I[(Live) (CC)
ESPNI Cronometro UEFA Champions League Soccer Teams TBA. (Taped) (CC) SportsCenter- International-Edi-
Co(Live) .tion (Live)
EWTN Daily Mass: Our Life on the Rock Eucharist The Holy Rosary Catholicism on Life Is Worth
EWTN Lady Campus (CC) Living
ITT 00)Cardo Art of the Athlete "Martina Insider Training "Golf" Golf tech- FitNation "Gym Nation" Choosing
FIT TV Blast A (CC) Navratilova" Martina Navratilova. 0 niques. (CC) the right health club.
FOX Fox Report- The O'Reilly Factor (CC) Hannity & Colmes (CC) On the Record With Greta Van
FOX-NC Shepard Smith Susteren (CC)
FSNFL In Focus on FSN World Poker Tour: Season 1 Best Damn Top 50 Special (N) Nothin' But The FSN Final
FS IL I IKnockouts Score (Live)
GO F (:00) PGA Tour Golf Children's Miracle Network Classic- First Round. From Walt Disney Golf Central PGA Tour Golf:
GOLF dWorf Resort in Lake Buena Vista, Fla. (CC) (Live). Nationwide
GSN Catch 21 (CC) Who Wants to Be a Millionaire A Family Feud Family Feud A Catch 21 (CC) Pyramid t
(CC) (cc) (CC) (cC)
(:00) Attack of X-Play (N) X-Play Lost A failed kidnapping-attempt in- ** TIMECOP (1994) Jean-
G4Tech the Show! (N) jures Sun; tensions flare. (CC) Claude Van Damme. Premiere.
S (:00) Walker, Walker, Texas Ranger Walker and GENERATION GAP (2008, Drama) Alex Black, Edward Asner, Rue Mc-
HALL Texas Ranger Trivette guard a visiting Meiican Clanahan. A troubled teenager spends the summer with his grandfather.
"Standoff (CC) presidential candidate. (CC) (CC)
Property Virgins Holmes on Homes "Behind the The Fix Steve Disaster DIY (N) Home to Flip (N) Real Renos (N)
HGTV 'To uy, or Notto Scenes" A (CC) and Linda's base- ( (CC). n (CC) n.,(CC)
Buy" A (CC). ment. (CC)
I N n Victory Joyce Meyer: Love a Child Inspiration To- Life Today With This Is Your Day The Gospel
INor oEveryday Life (CC) day James Robison (CC) Truth (CC)
The Wayans My Wife and Accordingb Family Guy Joe Family Guy Lois Two and a Half Two and a Half
KTLA Bros. "Unbrother- Kids Michael's Jim "The R n- leads a manhunt leams she has a Men Odd reac- Men n (CC)
ly Love" (CC) brother visits. dezvous" (CC) for Stewie. brother. (CC) tions all around.
Still Standing Reba Reba and Rita Rocks Rita * LEGALLY BLONDE 2: RED, WHITE & BLONDE (2003, Comedy)
LIFE Parents' fear of Van have a big feels underappre- Reese Witherspoon, Sally Field, Regina King. Premiere. A young lawyer
party animals. meeting. (CC) ciated. (CC) fights for animal rights. (CC)
Hardball Countdown With Keith Olber- The Rachel Maddow Show Countdown With Keith Olber-
ccNB L manly mann
NICK Drake & Josh SpongeBob SpongeBob Home Improve- Home Improve- George Lopez George Lopez
I (CC) SquarePants A SquarePants A ment n (CC) ment 0 (CC) 0 (CC) (CC)
TN V (:00) Knight Rid- Survivor: Gabon "Apple in the Gar- The Real Housewives of Orange News (N) 0 News
NTV er (N) A (CC) den of Eden' (N) A (CC) County (CC) (CC)
SPEED Pass Time Pinks-All Out Pinks -All'Out From Atlanta Drag- Wrecked (N) Wrecked
Sway in Commerce, Ga.
(5:00) Praise-A-Thon Biannual fundraising event.

Seinfeld Jerry Friends Rachel Friends Monica Friends Ross Friends Ross ** RV 2006) Robin Williams, Jeff
TBS fears his coma- regrets playing considers a thinks Rachel's seeks advice Daniels. A dysfunctional family goes
those neighbor. matchmaker. A dream job. (CC) date is insane, from Guru Saj. on vacation. (CC)
S :00) LA Ink Overhaulin' "Juvenile Delinquent" American Chopper A custom build LA Ink "Corey's Fort" Kit tattoos rap-
TLC Cover Girl" (CC) 1967 Chevy Chevelle. (CC) begins for McCuff Industries. 0 per The Game. (N) (CC)
(CC)
(:00) Law & Or- NBA Basketball Philadelphia 76ers at Orlando Magic. From Amway Arena in Orlando, Fla. NBA Basketball:
TNT der Compas- (Live) (CC) Rockets at Trail
don" Blazers
TOON teen Chowder (N) Misadv. of Flap- Total Drama Is- Johnny Test A Total Drama Is- Total Drama Is-
N l____jack land (N) (CC) land land
TRU Speeders Speeders (N) Speeders Fight Smoking Gun Presents: World's Smoking Gun Presents: World's
_ ___Back (N) Dumbest (N) Dumbest _
TV5 to00)Toute une Club social Envoy6 special Cit6 guide
TWC Abrams-Bettes Weather: Evening Edition (CC) When Weather Changed History Weather: Evening Edition (CC)
lWC I f I, "Killer Smog" I ..
(:00) Querida Culdado con el Angel Marichuy es Fuego en la Sangre Hermanos La Rosa de Guadalupe "Adios a la
UNIV Enemlga una joven criada en un hospicio. buscan venganza. Calle" Samantha avengua que es
adoptada.
(:00) NCIS "Good House "Need to Know" A house- House "Distractions" A young man House "Lines in the Sand" House
USA Wives Club" 0 wife's inexplicable muscle flailing comes into the hospital severely takes the case of an autistic 10-
______ (CC) causes her to crash her car. (CC) burned. 0 (CC) year-old. 0 (CC)
VH 1 (:00) 40 Dumbest Celeb Quotes Ever Celebrities ut- Celebrity Rehab With Dr. Drew 0 Celebrity Rehab With Dr. Drew 0
Ml ter bizarre or incorrect phrases. 0 (CC) ________ ___
MS The Bucks of Bull Riding PBR Jacksonville Invi- Bull Riding PBR World Finals XV. From Thomas & Mack Center in Las
*V Tecomate (CC) national. From Jacksonville, Fla. Vegas. (Live)
S (:00) 7th Heaven * DINOSAUR (2000, Adventure) Voices of D.B. Sweeney, Alfre WGN News at Nine (N) 0 (CC)
WGN "Uar, Liar" Woodard, Ossie Davis. Live action/animated. Dinosaurs journey to find a
(CC) new home. 0 (CC)___________
Family Guy Joe Smallville "Bloodline" Clark re- Supernatural "Wishful Thinking" A CW11 News at Ten (N) (CC)
W PIX leads a manhunt ceives the crystal that Tess found in town's wishing well brings chaos.
W PIX for Stewie. the Arctic. (N) A (CC) (N) n (CC)
Jeopardy! (N) Dr. Phil 0 (CC) WBZ News (N) Phantom rasier Frasier Frasier Frasier is
WSBK (CC) Gourmet suspects Maris is caught with a
I _cheating. (CC) stripper. (CC)
Calzaghe/Jones True Blood "Burning House of True Blood "The Fourth Man in the True Blood "Plaisir D'Amour" Bill
H BO-E 24/7 (CC) Love" Sookie's painful childhood Fire" Tara lashes out at Sookie and must pay a steep price. 0 (CC)
revelation spurs Bill into action. Sam. 0 (CC)
(6:00) *.* AU- *4 27 DRESSES (2008, Romance-Comedy) Katherine Heigl, James The Life & Little Britain
HBO-P GUST RUSH Marsden, Malin Akerman. Ayoung woman is always a bridesmaid and Times of Tim USA Celia is in-
(2007) 'PG' (CC) never a bride. 0 'PG-13' (CC) Tim screws up. suited. 0 (CC)


(6:30) ** *** HARRY POTTER AND THE ORDER OF THE PHOENIX (2007, Fantasy) Daniel Calzaghe/Jones
HBO-W STUART LITTLE Radcliffe, Rupert Grint, Emma Watson. Harry prepares a small group of students to fight 24/7 n (CC)
(1999) 'PG' Voldemort. A 'PG-13' (CC)
(:00) *x GEpRGIA RULE (2007, Drama) Jane Fon- **' GIRL, INTERRUPTED (1999, Drama) Winona Ryder, Angelina
HBO-S da, Lindsay Lohan. An incorrigible teen goes to live Jolie, Clea DuVall. A troubled young woman checks into a psychiatric hos-
wthe her stern grandma. 'R'(CC) pital. ( 'R' (CC)
(:00) THE RETURN (2006, Sus-. 4 LET'S GO TO PRISON (2006, Comedy) Dax BAIT (2000) Jamie Foxx. An in-
MAX-E pense) Sarah Michelle Gellar, Peter Shepard, Will Arnett, Chi McBride. A felon shares a jail vestigator uses an unsuspecting.
O'Brien. f 'PG-13' (CC) cell with a judge's son. t 'R' (CC) petty criminal as bait. ( 'R' (CC)
(:05) ** THE KINGDOM (2007, Action) Jamie * 4 THE NET (1995, Suspense) Sandra Bullock, Jeremy Norlham,
MOMAX Foxx, Chris Cooper. Premiere. Federal agents seek a Dennis Miller. Software makes computer nerd a target. n 'PG-13' (CC)
terrorist cell in Riyadh, Saudi Arabia. 0 R' (CC)
(6:25) xCAF- (7:55) ** THE PASSION OF THE CHRIST (2004, Drama) Jim Brotherhood "Uneasy Lies the
SHOW FEINE (2006) 'R' Caviezel, Monica Bellucci, Claudia Gerini. iTV. Jesus endures the agony Head"(iTV) Risky career change.
(CC) of his final 12 hours. (Subtitled-English) ) 'R' n (CC)


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(6:15) *** *4 UP CLOSE & PERSONAL (1996, Romance) Robert Redford, (:05) * SEX, LIES, AND
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(2000) 'R' (CC) porter for stardom. 'PG-13' Spader. Premiere. 'R' (CC)


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Clifford Park ( Fort Charlotte


THURSDAY, NOVEMBER 6, 2008, PAGE 21


THE TRIBUNE







PAGE 22 THURSDAY, NOVEMBER 6, 2008

PAGE 22 THURSDAY, NOVEMBER 6, 2008


THE TRIBui 4-


COI PG


Tribune Comics


JUDGE PARKER
- YOLU'9E TAWIN"
ME TO THE1) COME
9 w65C.6NFk46


CALVIN & HOBBES


DENNIS THE MENACE


HAGAR THE HORRIBLE


Across Dom
1 Assemble for 2
meeting (3-8)
9 After the wine I join the 3
company .in the porch (7)
10 Colour uniformly 4
used (5)
11 Story with a twist? (4) 5
12 It's not fair for one to use
this (8) 6
14 Nothing further on Rome,
7
strangely enough (2,4)
16 Await the photographer's 8
request? (4,2)
18 A good one can always 13
grow better (8)
19 His purse provides 15
incentive (4)
22 Cross country? (5) 17
23 New part ordered in
Belgium (7) 20
24 How things may be bought
for cash (2,1,8) 21

Yesterday's Cryptic Solution
Across: 1 Shelve, 4 Smart set, 9
Inroad, 10 Agencies, 12 Edam, 13
Often, 14 Menu, 17 Take the field, 20
Empty protest, 23 Even, 24 Holly, 25
Tour, 28 No charge, 29 Blonde, 30 Toll
gate, 31 Modern.
Down: 1 Stiletto, 2 Earmarks, 3 Veal,
5 Magnetic pole, 6 Rung, 7 Shiver, 8
Toss-up, 11 Afterthought, 15 Stamp,
16 Blood, 18 Denounce, 19 Sturgeon,
21 Peanut, 22 Pencil, 26 Fang, 27
Alto.


wn -
9
One may fall into it by
mistake (5)
End of the story as it's
told (4)
Not the best men to take
14
care of horses (6)
Become established down
under? (4,4) 1a
Allowed to be clever in the
end (7)
No sport for the 22
amateur (1,6,4)
Martin hopes to. mix the
very thing he hates (11)
Let the Workman go
without guidance (8) WU
Swift to provide a market Nj
permit (7) N
Concerning bets on
races (6)
Get down in correct
order (5)
A man to turn to (4) W

Yesterday's Easy Solution
Across: 1 Superb, 4 After all, 9
Reason, 10 Penitent, 12 Path, 13
Whoop, 14 Plea, 17 Eccentricity, 20
From day to day, 23 Loom, 24
. Gauge, 25 Vent, 28 Platinum, 29
Junior, 30 Pedigree, 31 Geneva.
Down: 1 Shrapnel, 2 Practice, 3
Room, 5 Free of charge, 6 Epic, 7
Age-old, 8 Lethal, 11 Short meas-
ure, 15 Angry, 16 State, 18
Adhesive, 19 Hysteria, 21 Slip-up,
22 Poland, 26 Ring, 27 Muse.


Across
1 Adulation (4-7)
9 Strict
cleanliness (7)
10 Worker in stone (5)
11 To challenge (4)
12 German Shepherd
dog (8)
14 Prison occupant (6)
16 Source of
danger (6)
18 Buried contact
bomb (4,4)
19 Money (4)
22 Ingenuous (5)
23 As a whole (7)
24 In legal custody (5,6)


"THAT LIT11e PENNl6 MAS
T4E eGFT OF GAF."


ny'...AAT ON GlrFT
YOU CAN'T RETURN."


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

8 156 9_

7 8 2 5

4 83

59 7 3i

1 98

4 972

21 8

8 4 3 9

7 6_ 25 8
Difficulty Level 11/03


Kakuro.Puzzle
SBest 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.


2 4 9 617 1 3 5
3 7 6 51418 2 1
5 1 8 912 13 6 4 7
8214 9 7
6 5J3 711 9 8 24
7 94,3182 5,6
9 8 7 I161'5 4k2
4 62 8137 9
1 3 5 219|4 7 8


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0, aa1 2S H nu labge uro ddren ri tog
tw tImaldng. iookew.diht tlrpmlow ee ineere eve
nbe fpotrcfle in e gghi e as awards and Eglls dasu
. re maws t &40lldst red*itatia r*pots. or more
oininte ith elang i h bak b& detals-ca aniis Col. rniat 0794 1
rhanso lthlatblai g he25M.
Cut atsa arsartitset ib *e a I OB D tN
tae Urat Otire l bea t

ongdmm h anoew B"'onW
twtopawns Wisn beeISeS.551d
wrddsrgtnigtualtybelKl5~t 's oB!?il-Xa51fbawdbg5Msrx)K
dlceian the dnr) Mack has %4 m w. hlllaa ct. w 0 d won Inet a w
sevralptauAl*BjtrK> ed Wt4, *.ODPM-
oneiiiaeselvadistomiictesCn
you find Mackts wtbiiq move?
dsitsn alltselgt pemaiba n e-
4 event i Sudb. smyfrlnom
xpttobegkisw4tctoe-
arret~laigSWSRillwatartac


Down
2 Keen (5)
3 Unconcealed (4)
4 Too (6)
5 Fellow feeling (8)
6 To animate (7)
7 Smallest US
state (5,6)
8 Concisely (2,1,8)
13 Mass rush in
panic (8)
15 Large impressive
house (7)
17 South-west African
country (6)
20 Accumulate (5)
21. Sustain (4)


Chess .
8714








A r C e 0 t I H

Target.,
-, r . ./ '


Kakuro Answer

8


871 27
3 39























naklng a word,. each
letter ntay be od
.te only.ur letters ora mort
can ontaou in take cnom te
letter and there must
be at least one ni ,e-
letter word. No plurals.
or verb forms tnd ng
In -a"". no words with
Initial capitals and no
words with a hyphen
or apostrophe
5ermitted. 'The lrst
word of a phrase is
permitted (e.g. inkiet
In Inklet print-r).
TODAY-a T UET
Good 13; very good 20;
exc llent 20 (or more).
Solution Monday.
YEATERDAyKSOLumIOe
.nnal anneal dshl
dale deal dhal elan
eland hale halma
handle heal held
helnl lade laden ltnma
lame larned land lane
lead lean lend male
MVANHlIANDLE "nealn
medal mald


Contract Bridge

ty Steve Becker


Famous Hand


South dealer.
Neither side vulnerable.
NORTH
48
Y 103
*AKJ94
6*KJ 1093
WEST EAST
*109532 *KQ7
V862 YKQ
Q 8 3 *1072
+A2 Q + 7654
SOUTH
*AJ64
YAJ9754
*65
*8
The bidding:
South West North East
1 f Pass 2* Pass
2V Pass 3+ Pass
3 V Pass 4 V
Opening lead ace of clubs.
One of the most effective false-
cards ever seen in a major event
occurred in this deal played in the
final of the Vanderbilt Teams in
1945. The star of the hand was Helen
Sobel, perhaps the greatest woman
player of all time. She led the ace and
another club against four hearts,
declarer winning with dummy's king
and discarding a spade.
Howard Schenken, South, then
led a spade to the ace and ruffed a
spade in dummy. Schenken, who of
course could not see the extremely
favorable lie of the opposing hearts,
wanted to return to his hand to trump
another spade, and had a choice


between ruffing a club or a diamond.
Schenken realized there was a
strong possibility that Mrs. Sobel had
started with the doubleton ace of
clubs and that he was in danger of
being overruffed if he tried to trump
a club.
He therefore cashed the A-K of
diamonds, planning to trump a third
diamond to reach his hand. But on
the second round of diamonds, Mrs.
Sobel played the queen (!), appar-
ently marking her with a doubleton.
Schenken now had to decide
whether the Q-3 of diamonds or the
A-2 of clubs was more likely to be a
doubleton.
After considerable thought, he
concluded it was best to try to return
to his hand with a club. But still sus-
picious, Schenken, no babe in the
woods, took the added precaution of
ruffing with the seven.
Mrs. Sobel overruffe4 with the
eight and returned a trump, and
declare still had to lose a spade and
a heart for down one.
Of course, the contract could have
been made. And undoubtedly it
would have been made but for Mrs.
Sobel's brilliant falsecard. The game
was bid and made at the other-table
without any fireworks.
Mrs. Sobel had demonstrated a
cardinal principle of defensive play
- to make things as tough as possi-
ble for declarer. Instead of playing
mechanically as almost anyone else
would, she did everything she could
to give Schenken a problem, and she
succeeded.


Tomorrow: Double indemnity.
02008 King Features Syndicate Inc.


APT 3-G


BLONDIE


TIGER


CRYPTIC PUZZLE


T
R


B
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N
E


T
W
0




N


0
N
E


C
R
0
S
S
W
0
R
D


-T B




0 _N

BIA DI








THURSDAY, NOVEMBER 6, 2008, PAGE 23


THE TRIBUNE


INRATIONALNS


0In brief


40 die as Philippine
ferry overturns;

captain held

* MANILA, Philippines

A SUDDEN monsoon
squall overturned a crowd-
ed inter-island ferry in the
Philippines, drowning at
least 40 people, and the
coast guard said Wednes-
day that the captain and
owner may face charges for
sailing without permit,
according to Associated
Press.
Seventy-six people were
rescued and taken to two
hospitals after the Don
Dexter Cathlyn was bat-
tered by winds and waves
shortly after leaving port in
central Masbate island for
nearby Sorsogon province
on Tuesday, said Maj. Gen.
Jeffrey Sodusta, the
regional army commander.
He said 40 bodies were
recovered, including 11
children.
The ship's manifest listed
119 passengers and a crew
of six, though ferries fre-
quently carry more people
than are officially listed.
Although the ferry left
port-in relatively clear
weather, coast guard chief
of staff Capt. Efren Evan-
gelista said it did not have
the required clearance and
may have been overloaded.
"The coast guard should
have inspected it and pre-
vented it from leaving if it
found violations," he said.
"In this case, the operator
of the ship did not inform
us it was leaving port."
He said the captain was
taken into custody and
authorities were looking
for the owner, and that
they faced possible charges
over sailing without proper
authorization.
Police officer Roy
Almine, who helped in the
rescue, said huge waves
and strong monsoon winds
suddenly hit the boat, caus-
ing it to overturn and toss-
ing passengers into the sea.
"There was some kind of
whirlwind," Masbate
provincial police chief
Reuben Sindac said.
"There was no rain, no
typhoon; the waters were
calm when it happened.
"The ferry was not pas-
senger-friendly. There
were high railings and tar-
paulin on the side so when
the vessel overturned,
these may have helped to
trap the passengers."
Such a .cidents frequent-
ly. happen in the Philippine
archipelago because of
tropical weather, badly
maintained passenger
boats and weak enforce-
ment of safety regulations.
The typhoon-prone
country was the scene of
the world's worst peace-
time maritime disaster .
when the ferry Dona Paz
sank in 1987, killing more
than 4,341 people.
In June, the 23,800-ton
Princess of the Stars went
belly up during a typhoon
close to Romblon
province, near Masbate,
killing more than 800 peo-
ple on board.
The discovery of several
drums of toxic chemicals
held up the retrieval of
bodies inside the ship until
last week. The chemicals
have been removed by
marine-experts.


EIGHT year old Shukuru Furaha lays in Rutshuru's hospital, some 80 kms north of Goma, eastern Congo,
after being Wounded during an exchange of fire between Rebels troops loyal to Laurent Nkunda's rebel
movement and the Congolese forces in October. Over 100 civilians have been treated in the hospital. Shuku-
ru suffers from gunshot wounds.




Faces of war


* RUTSHURU, Congo
THE BULLET. pierced 5-
year-old Naomi Harerimanea's
back and chest, just missing her
heart, but on Monday she man-
aged to smile.
Nearby lay 1-year-old Oliva,
whose hospital chart says she
was hit by bullets in both legs.
Her tiny feet poked out from
swaths of white bandages. Not
far away was 6-year-old Ger-
vais Semutaga, wearing a col-
orful robe, a tentative smile on
his face, his right shoulder and
hand bandaged.
The children are among more
than 100 wounded Congolese
hospitalized in this village 55
miles north of Goma, where the
U:N. says rebels have burned
at least three refugee camps to
the ground, sending the terri-
fied occupants fleeing.
Theirs are the faces of some
of the survivors of a rebel
assault that has displaced hun-
dreds of thousands in this region
near the eastern provincial cap-
ital of Goma. It was unclear
who shot these children; both
rebels an'd the Congolese army
are battling in the area.,
On Monday, U.N. peace-
keepers escorted a 12-vehicle
aid convoy carrying medical
supplies through rebel lines to
Rutshuru, where the only func-
tioning hospital was out


Wounded children

in Congo hospital


of supplies.
The warring Congolese army
and rebel leader Laurent Nkun-
da both assured the convoy's
safe passage, said Gloria Fer-
nandez, head of the U.N. Office
for the Coordination of Human-
itarian Affairs in eastern Congo.
Medical supplies and tablets
to purify water for the hospital
in Rutshuru were the priority
in this shipment, she said. She
said the other health clinics
north of Goma had been "loot-
ed and completely destroyed,"
leaving the Rutshuru hospital
as the only operating medical
facility in a region of hundreds
of thousands of people.
Fernandez said some 250,000
refugees have been displaced
by the recent fighting in this
central African nation.
Late Monday, the U.N.
Office for the Coordination of
Humanitarian Affairs at U.N.
headquarters in New York said
an aid convoy had reached Rut-
shuru with its first aid and basic
medicines to re-open health
centers..The U.N. said some of
the camps around Rutshuru had
been destroyed.


In Kibati, where tens of thou-
sands have been sleeping in the
open air, refugees who haven't
eaten for days cheered at the
sight of Monday's convoy, the
first in a week. But the jubila-
tion turned to anger when U.N.
workers unloaded only soap
and plastic jerry cans for water
before speeding past rebel lines
to Rutshuru.
U.N. officials acknowledge
hunger at the Kibati camp is
dire but say their first priority is
resupplying clinics looted by
retreating government troops.
The soap and water cans were
to helpwith sanitation amid
fears of a cholera epidemic.
"Are we supposed to eat
this?" asked Boniface Ndayu-
mujinya, an elderly man who
waved a bundle of spring onions
delivered by a friend. He said
he was with eight family mem-
bers who had had nothing to
eat in five days.
"Everybody is hungry, every-
body," said Jean Bizy, a 25-
year-old teacher who watched
with envy as the U.N. convoy
stopped to deliver a sack of
potatoes to U.N. troops in


Jerome uelay/ AP' noto
ELEVEN year old Djemimana Ntabonimbsa sits in Rutshuru's hopsital,
some 80 kms north of Goma, eastern Congo, after being wounded dur-
ing an exchange of fire between rebels loyal to Laurent Nkunda's rebel
movement and the Congolese forces in October. Over 100 civilians
have been treated in the hospital. Ntabonimbsa was shot in the arm
and hand.


Share

your

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






PAGE 24, THURSDAY, NOVEMBER 6, 2008 THE TRIBUNE


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PAGE 24, THURSDAY, NOVEMBER 6, 2008


THE TRIBUNE










T T1H E 'T R I 1 Ii NE




business
THURSDAY, NOVEMBER 6, 2008


Cable seeking $30m




for owner changes


* By NEIL HARTNELL
Business Editor
able Bahamas is looking to
raise $30 million through
a private placement set to
launch imminently, sources
told Tribune Business yes-
terday, with the -proceeds possibly ear-
marked to buy-out the company's largest
shareholder, Columbus Communica-
tions.
The $30 million issue, which is being
placed by Fidelity Capital Markets, is
due to launch as early as next week,
sources familiar with the transaction indi-
cated yesterday, with the support of oth-
er brokers and investment consultants
having already been sought.
It is understood that the $30 million
private placement, which is likely to
involve an issuance of preference shares,
bonds or some other debt instrument,
has been approved by the Securities


Commission of the Bahamas.
As it is a private offering, it will only
be marketed to select high net worth
individuals and institutional investors,
so members of the public need not apply.
Brendan Paddick, Cable Bahamas
chairman and head of Columbus Com-
munications, did not return Tribune
Business's call seeking comment yester-
day, and other Cable executives could
not be reached for comment.
However, Tribune Business under-,
stands'that the private placement's pro-
ceeds will be used to initiate changes in
Cable Bahamas' ownership structure,
with sources suggesting that the trans-
action's ultimate goal is to secure a buy-
out of Columbus Communications' 30
per cent interest in the BISX-listed com-
pany.
Details on the ownership restructuring
were sketchy yesterday, and who exact-
ly would be acquiring the Columbus
Communications interest is unknown.


The company itself is domiciled in Bar-
bados, and was the vehicle used-by Cable
Bahamas founder Philip Keeping before
he sold it and his interest to Mr Paddick
and other Canadian. investors. John Ris-
ley and Maxwell Parsons also sit on the
Cable Bahamas Board.
The $30 million placement would
appear to value Cable Bahamas at $100
million, given Columbus Communica-
tions' 30 per cent interest, but several
analyst sources yesterday suggested the
BISX-listed company was worth more
than that and bank debt may also be
involved.
They also expressed concern over
where Cable Bahamas would access
technology, capital and infrastructure
support if Columbus Communications
was bought out, given that the latter has
extensive telecommunications interests
across the Caribbean.
As a motivating factor for buying out
Columbus Communications, some


sources suggested that Cable Bahamas
wanted to change the long-held (but
incorrect) perception that it was a for-
eign-owned company in an effort to
exploit business opportunities set to
come its way as a result of the impending
Bahamian telecommunications market
liberalisation.
Cable Bahamas is, in fact, 70 per cent
owned by Bahamian retail and institu-
tional investors, and has made no secret
of its ambitions to enter other segments
of the telecommunications market, espe-
cially cellular phone. services.
Barry Williams, Cable Bahamas vice-
president of finance, told Tribune Busi-
ness in an interview last week: "What-
ever telecomss] opportunities are opened
up, we are willing to see how best we
can take advantage of them.
"There's no secret to our willingness

SEE page 3B


Gas retailer loses $60k in three months


By CARA BRENNEN-BETHEL
Business Reporter
A PETROLEUM retailer on Long
Island yesterday said he had to absorb
almost $60,000 in losses due to gas price
fluctuations over the past three months.
Mario Cartwright, owner of the Flying
) Fish Marina and the island's distribu-
tor for Shell, called on the Government
to step in and assis'tgas dealers in what-
ever way it can, as they are now operat-


ing at a loss due to price controls pre- Mr Cartwright said that at the
venting them from selling with a profit moment he was "only selling" product4
margin. as there is "no making a profit or even '
Mr Cartwright said he was being crip- break even."
pled because no matter how much he "The only question now is: How do:
pays for a barge of fuel, once that lands we pay our supplier," he added. .
he is mandated to sell it at the govern- Mr Cartwright pointed out that the
ment-regulated price. Government had encouraged Bahami-
"I have lost about $60,000 in the past ans to start their own businesses, which
three months, due to, fluctuations and I they did at the risk of losing everything
have never had such huge differences," -"'they have. -. .- .. : --
he explained. "'We are not asking government to


bail tis out, like what was done in the
United States, with those big financial
Institutions, but just to allow us to sell at
a price that would enable us to make a
-profit," /hesaid.
Mr Cartwright said that to continue to
put in place.gas price controls was sim-
ilar to adopting a socialist policy.
He said this is something that succes-
si\ e governments have failed to address,
buit is an issue that needs a strong. gov-
ernment ) change.


Bahamas


avoids six

per cent


inflation

rise

* By NEIL HARTNELL
Business Editor
BAHAMIAN businesses
were yesterday breathing a sigh.
of relief after the proposal to
repeal Florida's 6 per cent;
export sales tax exemption
failed to even make it on to
Tuesday's ballot, the Chamber
of Commerce's president say-
ing such an increase would have
been "too much" for this
nation's already-reeling econo-,
my to take.
Dionisio D'Aguilar, who is
also Superwash's president, told
Tribune Business: "That's two
good pieces of news. First, the

SEE page 4B


EPA strategy inhibited by

industry gaps on knowledge


* By NEIL HARTNELL
Business Editor
THE Government has "set
aside" $1 million for imple-
menting this nation's Economic
Partnership Agreement (EPA)
obligations and bolstering the
capacity of Bahamian industries
to deal with trade issues, a lack
of knowledge in this area having
inhibited their participation in
-formulating this nation's EPA
strategy.
John Delaney, head of the
Bahamas Trade Commission,
said that when it and the Gov-
ernment undertook their EPA
consultation efforts, in a bid to
maximise the potential benefits
by finding out what individual
industries wanted, they found
they were unable to achieve this


because "the education and r
understanding was not there in
many of the sub-sectors". "
Admitting that the lack of
trade-related knowledge among
many Bahamian businesses and
industries had "presented chal-
lenges on several levels" when it
came to developing an EPA
strategy, Mr Delaney said:
"The first thing one had to do
was a general education exer-
cise.
"Second, there was not a gen-
eral understanding and market
intelligence on the size and
scope of [a particular[ sector."
Still, the Trade Commission
chairman added: "The exercise
has been beneficial, and the
education has continued. We
SEE page 6B

Bahamas urged ':",

to raise exports

10% in two years
* By NEIL HARTNELL,
Business Editor
THE Bahamas must increase
import substitutions and exports
by 10 per cent within two years
as a way to mitigate the current
downturn and prepare its econ-'
omy for the long-term, a group
of Bahamian executives said
yesterday, and look to produce
50 per cent op everything it con-
sumes in 10 years.
Anthony Ferguson, CFAL's
president; Lynden Nairn, Colina
SEE page 6B


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The Bahamas International

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PAGE 20, THURSDAY, NOVEMBER 6, 2008


THE TRIBUNE


Lenders 'insure' co rage and property tax resolved


UNDER Section 21(b) of the
Conveyancing and Law of Prop-
orty Act 1909, a mortgagee,
where a inortgage is made by
deed, has the power "to Insure


* and keep insured against loss or
damage by fire any building, or
any effects or property of an-
insurable nature, whether affixed
to the freehold or not, being or


forming part of the mortgaged
property. The premiums paid for
any such insurance shall be a
charge on the mortgaged prop-
erty, in addition to the mortgage


money, and with the same prior-
ity, and with interest at the same
rate, as the mortgage money".
The mortgagee is afforded
statutory and contractual protec-


-ieisajurny


ur our89id.Yor crd


FIRST'CARIBBEAN
INTERNATIONAL BANK
GET THERE. TOGETHER


tion (by way of the terms and
conditions of its Indenture of
Mortgage) for its security interest
- and for mortgages of land by
virtue of its power to insure. t
If the mortgagor fails to pay
the insurance premiums regular-
ly, as he/she is required to do
under the terms and conditions of
the mortgage document, the
mortgagee is given the power to
pay the premiums at the mort-
gagor's expense.
In order to protect itself fully,
the mortgagee will often notify
or require that the mortgagor
notify the insurance company of
its interest in the property.
Should the property be subse-
quently destroyed by fire, the
insurance company will either.
pay the mortgagor the amount
insured, on consultation and/or
approval from the mortgagee, or
pay the amount insured directly
to the mortgagee, as loss payee,
subject to the terms and condi-
tions of the insurance agreement.
It should be noted that under
Section 25 (4) of the Act, a mort-
gagee may require (or specify)
that all monies received on an
insurance policy be applied in or
towards the discharge of the
monies due under the mortgage,
without prejudice to any obliga-
tion to the contrary imposed by
law or by special contract.
* Therefore, a mortgagee (and
loss payee) for the insurance
monies inay apply the monies
received to the outstanding debt
owed on the existing mortgage
in lieu of repairing the damaged
property, subject to any specific
terms or conditions of the insur-
ance agreement to the contrary.
In light of the foregoing oblig-
ations and duties, a mortgagee
may request that customers sign
an agreement or incorporate spe-
cific terms in its existing mort-
gage document that will allow it
to apply insurance monies to the
outstanding mortgage debt, inclu-
sive of an indemnification/release
from liability for such applica-
tion. This is to ensure that it is
protected contractually, as well
as statutorily, by law.

Real Property Tax
Where a mortgagee is exercis-
ing its legal remedy of power of
sale, and acts as the vendor of
mortgaged property, it conveys
the mortgaged property to the
prospective purchaser. This is
subject to such right and equity of
redemption, as is subsisting in the
properly, by virtue of the mort--
gage deed. The power of sale and
other mortgagee remedies need
not be expressly transferred,
since they are normally conferred
by the mortgage deed, and are
therefore made exercisable by
the mortgagee..Its assigns will.
pass to the purchaser without
mention.
However, in relation to the
issue of payment of outstanding
real property taxes on the mort-
gaged property to be sold under a
power of sale, it should be noted
that while there may be no com-
mercial obligation by the mort-
gagee to pay the outstanding real
property taxes or incur the legal
and administrative costs in the
exercise of the power of sale, the
outstanding real property taxes
represent a first.charge over
mortgaged property under Sec-
tion 21 of the Real Property Tax
Act 1969.
Additionally, under Section 7
(5) of the Act, real property tax-
es can be assessed for 10 years
retroactively.
More importantly, it-should be
noted that the Fiscal Reform and
Tax Relief Act 1990 amended
the original Section 16 of the
RealProperty Tax Act through
the inclusion of the following sec-
tions, which relate directly to the
legal obligation(s) and liability
of mortgagees of mortgaged
properties subject to the assess-
ment and levying of real proper-
ty taxes:


--- Legal
Ease



Section 16A (1) and (2) state
that:
"Where property is mortgaged,
under a deed of mortgage exe-
cuted either before or after the
coming into operation of this sec-
tion, the mortgagee of the prop-
erty shall obtain from the Chief
Valuation Officer a statement as
to the amount of tax or surcharge
relating thereto, due and payable
under the Act in respect of the
property and, in any case where
tax remains unpaid in respect
thereof, the mortgagee is deemed
also to be the owner of the prop-
erty for the purposes of the pro-
vision of this Act relating to the
payment and recovery of tax by
and from any owner of property.
"Where a mortgagee is
deemed to be the. owner of prop-
erty under subsection (1), the
mortgagee shall, in accordance
with the provisions of Section 18,
pay or cause to be paid the
amount of tax or surcharge, as
the case may be, due and payable
under the provisions of this Act
in respect of property. Upon pay-
ment of the tax or surcharge in
respect of any period,.the mort-
gagor and the mortgagee shall
respectively be discharged from
further liability under this Act
for payment of the tax or sur-
charge, as the case may be, in
respect of that period. But a
mortgagee who pays the tax or
surcharge out of his monies shall
be entitled to be repaid by the
mortgagor a sum equivalent to
the amount so paid by the mort-
gagee, and for the purposes of
enabling the mortgagee to recov-
er that sum, the mortgagee may
treat that sum as if, from the date
of the payment of the sum .until
the date of its recovery, it were-
added to the principal sum which
is the subject of the deed of mort-
gage."

On a strict interpretation of
the foregoing Section(s), it
appears that the mortgagee is
deemed to be the owner of the
referenced mortgaged property
and liable to pay any outstanding
amounts due and owing in rela-
tion to the real property taxes
assessed on the property. -
Such liability or legal obliga-
tion should not, in itself, deter or
in any way delay the sale of the
referenced mortgage property,
as the prospective purchaser may
agree, in some cases, to accept
liability for the payment of out-
standing real property taxes on
the mortgaged property, only
after the sale of the property and
subject to receipt of some indem-
nification, guarantee or assur-
ance, on the part of the mort-
gagee, as to the perfection and
efficacy of the security interest
being sold.

2005. Tyrone L.E. Fitzger-
ald. All rights reserved.
NB: The information con-
tained in this article does not con-
stitute nor is it a substitute for
legal advice. Persons reading this
article and/or column, generally,
are encouraged to seek the rele-
vant legal advice and assistance
regarding issues that may affect
them and may relate to the infor-
mation presented.

Tyrone L. E. Fitzgerald is an
attorney with Fitzgerald &
Fitzgerald, counsel, attorneys-
at-law, and notaries public.
Should you have any comments
regarding this article, you may
contact Mr Fitzgerald at Suite
212, Lagoon Court Building,
Olde Towne Mall at Sandyport,
West Bay St., P. 0. Box CB-
11173, Nassau, Bahamas or at
tyrone@tlefitzgeraldgroup.com.


SUPER VALUE COMBOS


- .c .. ,


-" 9 FO RT








THE TIBUN THUSDAY NOVEBER 208,IPGESS


Hutchison





upgrades cruise





ship berths


HUTCHISON Port Holdings
has begun reconstructing and
restoring work 2,250 feet of
berth space at its main cruise
berths in Freeport Harbour.
The work is being carried out
by the Mansion Construction
Company, headquartered in
Seattle, one of the leading
marine construction and dredge
companies in the Western
Hemisphere.
Harbour director Orlando
Forbes said the berth spaces,
which are capable of accommo-
dating a variety of cruise ves-
sels, needed to be maintained.

Cable seeking
$30m for owner
changes

FROM page 1B

and desii e to act into outh.-
areas o! ielecommuniLatons..
We have the ability. e hae
the inhas-ructure. We art a 70
percent Bah'iuijan-ovned pub-
lic comp.-any, and we thtnk we
van be a iable competitor in
this niarketplace "
Cable Bah.imas is dcally
placed l:o eploirt h- lbheralisa-
tion th.ii v.ill follow the
Bahaniis felccommunication,
Cumpan's iBTC'i pnri,nsation,
due to its relatwelN deep pock-
ets and existing nationwide
infrastructure.
With its cable monopoly due
I to eud in .009, it '%ill also bt
keen to butliess iit existing
CTO cil i\c p'_,l:l1r01ic ..' par.d-
mgf ;irto oihe: area:."


Hutchison had scheduled much-
needed refurbishment work,
that, when completed will
increase the quantity and qual-
ity of vessels that visit the har-
bour, increasing tourist arrivals
and revenue generation poten-
tial.
Mr Forbes said the project
involved two phases, the first
providing much-needed berth
repairs as the existing berths
were in dire need of restora-
tion.
"Over time, the seawall and
bulkhead integrity deteriorat-
ed, allowing the surrounding
water to wash away soil and
limestone packing, resulting in
dangerous voids," he added.
"This not only provided a
safety hazard to navigation, but
also a hazard to the general
public that frequented the area.
Once the operation is complet-
ed, the berths will retain their
safety standard for cruise, cargo,
and other marine operations;
and two, once completed to
increase the quantity and qual-
ity of vessels that visit the har-
bour, thus significantly increas-
ing tourist arrivals and revenue
generation potential.
"Additionally, it will provide
employment for a number of
local construction specialists and


labourers."
The work has an economic
focus of positively increasing
vessel traffic to impact tourist
arrival numbers and providing
for increases in domestic ser-
vices, such as taxis, straw mar-
ket purchases, tour operations,
and other services that may be
directly or indirectly related,
and upon completion in 2009
will be mutually beneficial to
the cruise lines and the island of
Grand Bahama.
The work being done by the
Mansion Construction Compa-
ny includes dredging of ports
and waterways; land reclama-
tion through beach re-nourish-
ment and levee construction;
and construction of wharfs,
piers, terminals, bridges and
outfalls.
To ensure the sustainability
of cruise ship visits to Grand
Bahama, the construction effort*
was divided into two phases,
and additional cruise calls were
scheduled on traditionally non-
cruise days. The refurbishment
work on berths 4 and 5 is
expected to conclude in the
2009 first quarter, and by the
beginning of the 2009 fourth
quarter, the refurbishment of
berths 6 and 9 should be com-
pleted.


14'800 sq.ft., 22' Floor to ceiling,
Modern, Complete with Admin Offices, Secure,
Fenced in, With all utilities. Ample Parking in Front.
Additional Space at Rear, Perfect for Storage,
Including containers,
On cleared leveled land, to rear boundary.

IDEAL FOR CONTRACTOR







U Ba a C ie l


* Full and Less Than Container Loads
* Refrigerated/Frozen Goods
* Vehicles
Construction Equipment & Materials
* Household Goods


A .-




r9 Evening Sessions:


r I


ColinaImperial.

JOB OPPORTUNITY NOTICE
JOB TITLE: Financial Apalyst
DEPARTMENT: Finance Department

Position Summary:
Overall responsibility for the preparation of timely, accurate, and meaningful
Consolidated Financial Statements and Management Reports, analysis of
various elements of the financial statements, and Statutory Reporting.

Requirements:

The successful candidate will have the following:

* Certified Public Accountant (CPA)
* Strong analytical and problem solving skills, ability to meet deadlines
* Minimum of three (3) years work experience in an accounting or auditing
field
* Insurance industry knowledge a plus
* Knowledge of general ledger systems.
* Ability to function under pressure and to make decisions within areas
of responsibility and provide recommendations for action to management.
* Excellent organizational skills and leadership skills

Main Responsibilities include but are not limited to:

* Preparation of Consolidated Financial Statements for the Company and
its subsidiaries in accordance with International Financial Reporting
Standards,.
* Analytic:'review of the financial statements and other financial
information to identify & investigate significant variances of actual vs.
budget and/or prior year on a consolidated basis and on a more detailed
level (line of business, cost centre, geographical region) and
recommending, as needed, appropriate corrective action of financial
performance against plan and projected targets to ensure sustained
profitability
* Supervision of the investment accounting team
* Assisting financial managers with development of long-term financial
plans for the Company
* Compiling budgets and preparing forecasts
* Responsibility for ensuring filing of Statutory reports in all jurisdictions
where the Company operates.
* Coordination of internal and statutory financial audits.

Please apply in writing on or before November 14, 2008 to:

Manager, Human Resources
#308 East Bay Street
f P.O. Box N-4728 or
careers@colinaimperial.com


r- "


gt SearsAssq.jqtibn
9ou,01.,.,,.,.markel Day''.
ltarsfarkA

Satu rday No 8 12 -50 M

Lip F6 A O*dd ik-,


THURSDAY, NOVEMBER 6, 2008, PAGE 3[


THE TRIBUNE









PAGE B, TURSDY, NVEMBR 6,008UHEITIBUN


I Bahamas avoids inflation rise


TWO (2) Mortgage Specialists

The successful candidates should possess the-
following qualifications:
* AICB orABIFS or degree in Banking or a related
field would be an asset
5 or more years banking experience
Previous experience in portfolio and liability
administration would be an asset

Key Skills:
Strong Negotiating/Selling
Leadership & Coaching
Relationship Building
Impact & Influence
Ability to manage multiple priorities'
Demonstrated written and verbal
communication skills.
Proficiency in Microsoft Office
Ability to make sound credit analysis

Responsibilities include:
Contributing to meeting team sales plans by
acquiring and growing profitable client
relationships
Providing customized solutions and financial
advice designed to satisfy the client's long-term
goals on obtaining a mortgage
Seeking out new clients by developing
relationships within the community and local
centres of influence
Enhancing the experience of existing clients by
providing accessibility and one-on-one advice
and valuable information on the intricacies of
having a mortgage
Successfully anchors clients with the
appropriate delivery channel within RBC Royal
Bank of Canada

A competitive compensation package (base salary
& bonus) will be commensurate with relevant
experience and qualifications.

Please apply before November 7,2008 to:

Regional Manager
Human Resources
Caribbean Banking
Royal Bank of Canada
Bahamas Regional Office .
East Hill Street
P.O.BoxN-7549, .
Nassau, N.P., Bahamas

Via fax: (242) 322-1367
Via email: bahcayjp@rbc.com


TWO (2) Manager, Mortgages
New Carmichael Road Branch & Mortgage Centre
The successful candidates should possess the
following qualifications:
* 5 or more years Banking Experience in a lending
role
Previous experience in leading a team would be
an asset
Previous experience in portfolio and liability
administration would be an asset
A college degree in Banking or a related field
would be an asset
Key Skills:
Strong Negotiating/ Selling Skills
Strong Leadership & Coaching
Relationship Building
S Impact & Influence
Ability to manage multiple priorities
Demonstrated written and verbal
communication skills
Microsoft Office Proficiency
Responsibilities include:
Achieves business results through sales and
market management, implementation of stategic
direction and representation in the marketplace
Works in partnership with the Network Sales
Teams to implement strategies, processes and
disciplines to achieve sustainable earnings and
revenue growth through the sales force
Leads and develops an effective adaptable sales
foce to maximize revenue and productivity
opportunities
Champions sales management practices to
achieve superior client experience and enhance
employee capability and engagement while
leveraging full RBC Financial Group capabilities
including branches, alternate delivery channels
and service partners
A competitive compensation package (base salary
& bonus) will be commensurate with relevant
experience and qualifications.
Please apply before November 7,2008 to:
Regional Manager
Human Resources
Caribbean Banking
Royal Bank of Canada
Bahamas Regional Office
East Hill Street
P.O. Box N-7549*
Nassau, N.P., Bahamas
Via fax: (242) 322-1367
Via email: bahcayjp@rbc.com


FROM page 1B

proposal didn't even make it on
to the ballot for Floridians to
vote on, and second, businesses
in the Bahamas will not be
faced with another 6 per cent
increase in costs, which we don't
need right now."
The Chamber president said
he had "secretly" felt that the
export sales tax exemption's
repeal would not have been
passed into Florida law, due to
the devastating effects it would
have had on the state's already-
troubled economy and business
community.
Caribbean
Bahamian and Caribbean
companies would have been
likely to switch tbher import pur-
chases to other states, costing
Florida significant business.
Mr D'Aguilar said: "It would '
have been too much for us -
we've had the increase in
import duties,, the increases in
commodity prices to take
another 6 per cent cost increase.


on 80 per cent of our imports.
"It would have out a strug-
gling economy under further
strain, and deepened any reces-
sion coming our way. It would
have also cost Bahamian busi-
nesses money and resources to
shift purchases to other states."
Ryan Pinder, a Bahamian
attorney who is the managing
partner for Florida-based law
firm, Becker & Poliakoff's Nas-
sau office, told Tribune Busi-
ness yesterday that the sales tax
exemption repeal proposal nev-
er even made it on to the Flori-
da ballot because it had been
struck out by the state's courts.
The courts were unhappy
with the way the repeal pro-
posal was worded and the lan-
guage used, feeling it could mis-
lead Florida voters. An appeal
to the state's Supreme Court to
have the proposal reinstated
failed.
"Bahamian businesses should
be relieved in that they can con-
tinue trading without inhibition
and along the same lines with
their Florida counterparts," Mr
Pinder said.


Check out the proven,and tested Power-Save product!
Guaranteed to save up to

25% per
month on your electrical
consumption.
For details visit our website at:
www.Powersavebahamas.com or
phone: 393-8814
or email us at powersave@coralwave.com






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 corivey your interest indicating type of
business and relevant contact information to
info~(thecollabarp.com .







M^E I~mitpEH



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 (Engineering
Change Orders) and EMO (Engineering
Modification,Orders).

Support Engineering with locating_-new-__parts,
suppliers and manufacturing solutions.

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.


He added that the Bahamas
may have been lucky that the
proposal did not make the
Florida ballot, as most tax-relat-
ed ones that did received the
60 per cent-plus voter thresh-
old needed to pass them.
"There was a pretty good
chance it could have passed,"
Mr Pinder said. "The momen-
tum towards all the other tax-
related proposals on the ballot
was in favour of passing them."
Budget .
Florida's Tax and Budget
Reform Commission had pro-.
posed repealing the sales tax
exemption, which included the
exemption on exports to the
Bahamas, as a way to raise rev-
enues that would replace funds
lost as a result of reducing real
property taxes.
The proposed sales tax
exemption repeal had been
intended as part of a slew of
proposed Florida constitutional
amendments, which were vot-
ed on Tuesday. Those amend-
ments were attached to the US
presidential election ballot, and
those ballots concerning Con-
gress and state legislature elec-
tions.
Mr D'Aguilar said earlier this
year that a major Bahamas-
based food retail chain had told'
him its inventory costs would


increase by $3 million per year
if the sales tax exemption was
repealed.
As a result, the retailer said
he would have to move $25 mil-
lion worth of goods purchased
through Miami to another des-
tination.
According to the Department
of Statistics, in 2005, the last
year for which complete trade
data is available, the Bahamas
imported some $2.155 billion
worth of goods from the US,
some 84 per cent of its $2.567
billion import bill.
The total amount of goods
imported directly from Florida
was not detailed, but even if it
was as low as $1 billion, a 6 per
cent sales tax imposed on that
figure would raise the cost of
goods imported into the
Bahamas by some. $60 million
per annum a major increase
that is likely to be a severe
underestimate.
Dividing that figure by
300,000, the estimated size of
the Bahamian population, and
this nation's import bill will rise
by $200 per person every man,
woman and child if Florida
does away with the sales tax
exemption.
Currently, some $4 billion
worth of tax exemptions are
accrued on goods exported
from Florida to the Bahamas
and other Caribbean states.


The Annual General Meeting

ofthe-

BAHAMAS FAMILY

PLANNING ASSOCIATION

will be held

T da December 2 08,

at-6:00ptn

at the
Association's Office
#37 East Avenue, Centreville
'S

All A v, Inac and Prospective Members
ARE URGED TO ATTEND


MEMBERS MUST BECOME FINANCIAL
IN ORDER TO VOTE


Bahamas Supermarkets Limited operates a leading
supermarket chain in The Bahamas. As a market leader,
the Company prides itself on delivering premier service
through its City Market supermarkets, having a strong
commitment to its customers, associates and community.
An opportunity for a Maintenance Operations Supervisor
in New Providence to join this market leader has-arisen.
Reporting to Retail Operations, the successful applicant
will have previous experience in managing, scheduling
and directing a maintenance program for retail or similar
operations.
1Key responsibilities and-selectionecriteria include: -
*Working knowledge of HVAC, electrical, plumbing,
and refrigeration systems ,
*Highly flexible and mobile and prepared to work
evenings and weekends
*Motivate, train and insure that associates and outside
Contractors in each district are providing quality
maintenance services
*Manage preventative maintenance programs
*Completed High School with a minimum of 3 BGCSE
including mathematics
*Work independently, making quick decisions while
working under pressure
*Have good communication (verbal and written) and
interpersonal skills
*Solid functional computer skills with working
knowledge of Microsoft applications
If you have what it takes to succeed in this challenging
role, forward your resume and cover letter to:
Human Resources Director
Bahamas Supermarkets Limited
East-West Highway P.O 0. Box N 3738 Nassau, Bahamas
Or e-mail to: humanresources@bahamassupermarkets.com
Only qualified applicants will be contated.
No telephone inquiries please
..y f/f/^ -,.-. ,
I -'*!>>'W


PAGE 4B, THURSDAY, NOVEMBER 6, 2008


THE TRIBUNE








THE TRIBUNE


THURSDAY, NOVEMBER 6, 2008, PAGE 5B


Charting an economic course through the turbulent waters


* By Lynden Nairn
Anthony Ferguson
John Bostwick II
UNDOUBTEDLY, the
adverse worldwide economic
conditions, as evidenced by
multi-trillion dollar declines in
the US stock market, the fail-
ures and near collapses of what
we 'considered to be rock-solid
investment banks, and the
employment of interventionist
policies by governments around
the world to shore up banks,
are reasons for grave concern.
Even more worrisome is that.


many people who understand
this problem best, readily
acknowledge they have no clue
as to its depth and likely reso-
lution.
These events are wreaking
havoc on our tourism industry,
which was already in decline
prior to the global economic
downturn, and they will no
doubt affect the banking sec-
tor. The obvious question is:
What should we do? Act! Act
quickly, comprehensively and
transparently after strategic con-
sultation.
This paper reflects our rec-


_


EMPLOYMENT OPPORTUNITY

Tourist related firm is looking for a skilled
Reservation/Product assistant to
work full time.

ApDlicant should have the following qualifications:

* Basic knowledge of the Travel Indusrty
" Must be able to work under pressure and with
deadlines
* Computer Knowledge (Word, Excel, E-mail)
Quick mind
* Proper use of the English language, Spoken and
written
* Must be willing to work weekends and/or after
hours
* Applicant must be professional, diligent and exact
when dealing when dealing with clients.
* Teamspirit

Duties will include

* Making Proposals/Reservations
* Planning itineraries
* Customers Service
* Knowledge of European Culture and language a
plus,but not required


commendations as to what the
Government might do in order
to mitigate the impact of these
dire events. During this period
of economic uncertainty, the
Government should implement
an economic strategy premised
on five core principles:
1. People first. In the end,
Government should seek to
alleviate people's pain.
2. Strengthen for rebound.
Build a stronger society that
readies itself to spring forward
once the world economy recov-
ers.
3. Fiscal prudence. The long-
term economic stability of the
Bahamas must not be put in
jeopardy. by any short-term
measures.
4. Sustainability. It must be
recognized that the economic
circumstances are not expected
to turnaround for at least one
year. Therefore, any action by
the Government must be sus-
tained for at least one year.
5. Preserve and generate for-
eign currency. The extent to
which the Government can
stimulate the economy is strong-
ly influenced by the effect such
stimulus would have on foreign
reserves. Therefore, any realis-
tic and sustainable programme
must incorporate elements to
preserve and even generate new
sources of foreign currency.
Specific Recommendations
General
The Government should
immediately convene a meet-
ing of experts from various
spheres of society, including the
Official Opposition.
We recommend that partic-
ular attention is paid to young
people with respect to training
and job placement, to minimize
the likelihood of deviant behav-
iour.
Tourism
We recommend the intro-
duction of what we call
'Amphibious Travel (Vaca-
tion)'. Under this initiative, peo-
ple would travel mainly, but by
no means exclusively, from the
east coast of America by cruise
ship, spend three nightsat a
local resort, and return via
Cruise ship.


Public Hospitals Authority
Commonwealth of The Bahamas


Request for Proposis for
ENVIRONMENTAL SCAN CONSULTANCY:
Princess Margaret Hospital Replacement Project

The Public Hospitals Authority of the Commonwealth of The Bahamas is seeking
proposals from qualified hospital/healthcare facilities planning firms to proVide
consultancy services for completing a comprehensive Environmental Scan of
The Bahamas Health Sector. The information gleaned from this exercise is vital
completing the pre-planning phases of a project leading to the planning and
construction of a new general hospital as a replacement facility for the Princess
Margaret Hospital.

The selected firm will be required to design and lead the assessment exercise and
deliver a full report on findings, including (but not limited to) information on:
1. Existing services and operations of the hospital and those related to the
wider health system of The Bahamas;
2. Future trends,-risks and opportunities, including issues related to
management and management support systems;
3. Projected governmental, demographic and social changes that will affect
the new hospital planning;
4. Relationships between the existing hospital environment and patient out
comes;
5. Matters related to patient/staff safety and satisfaction

The consultants will be responsible for analyzing and assimilating the
information gathered so that it is useful to decision makers bothl to understand
the external environment and the interconnections of its various sectors and to
translate this understanding into the planning and decision making process for
a new hospital.


Interested firms are invited to register their interset and obtain the Terms of
Reference and Background Information for responding to this Request for
Proposals. This can be done by contacting the office of the Deputy Managing
Director (Mrs. Hannah Gray), at email address: @hgray@phabahamas.org (and
copy to:jcleare@phabahamas.org) It is anticipated that the environmental scan
will take around 3 months to complete. The deadline for submission of proposals
is 30th November, 2008


In addition, we recommend
that domestic tourism is pro-
moted and encouraged. Such
efforts should speak to the
importance of keeping money
circulating in the economy and
creating cultural and heritage
experiences for families.
We also recommend that


the Ministry of Tourism encour- .
age the development and pro-
motion of multi-island vaca-
tions. Under this scheme, peo-
ple planning vacations for more
than five days will fly to a Fam-
ily Island of their choice free of
charge, depending on seat avail-
ability, and provided they stay
for at least one additional night.


Energy
We recommend that a clear
energy policy, is established, set-
ting out specific goals for a
reduction in energy consump-
tion.
We recommend that a study
SEE page 9B


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

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

Fee 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/Telefax: (242)356-5289 or (242) 328-4934

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











MEDICAL CORDS


PROFE


SS


ION


ALS


The University of the West Indies School of Clinical
Medicine and 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:


Angela Miller Georgina Curtis Marsha Sands Kelli Jolly
Tamara Clarke Rochelle Taylor Terrence Welch



"Doctors Hospital would like to take this opportunity to thank all of our
dedicated Medical Records Professionals. The expertise, commitment and
passion that you bring to work every day is much appreciated. Thank you
for all that you have done for us and the communities around you. We1l
done, we wish all .f you continued success.
Charles Sealy,. CEO




DOCTORS HOSPITAL
Health For Life









PAGE 6B, THURSDAY, NOVEMBER 6, 2008


THE TRIBUNE


PUBLIC NOTICE
INTENTTO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, SHERRILL PAULETTE
WHYLEY of the Western District of the Island of New
Providence, one of the Islands of the Commonwealth of The
Bahamas, intend to change my name to SHERRILL PAULETTE
GLINTON. If there are any objections to this change of name by
Deed Poll, you may write such objections to the Chief Passport
Officer, P.O.Box N-742, Nassau, Bahamas no later than thirty
(30) days after the date of publication of this notice.


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




Employment


Opportunity


Receptionist/Clinical Assistant



For Doctors' Office

Applicants must be honest,

hard-working .& pleasant



Please fax resumes to


394-1758


Bahamas urged to raise exports



10 per cent in two years


FROM page 1B


General Insurance Company's
president, arid attorney John
Bostwick II recommended
increasing linkages between
tourism and other Bahamian
industries; enhancing produc-
tivity through increased train-
ing; and business licence incen-
tives and government-guaran-
teed construction bonds as long-
term, sustainable strategies that
would fuel the economy's
growth (See Pages 5B & 9B).
Mr Nairn acknowledged to
Tribune Business yesterday that
while, for instance, there was
probably little that could be
done to mitigate the Bahamian
economy's reliance on foreign
direct investment to boost its
currency reserves, there were
other things within this nation's
power to control.
"One of the recommenda-
tions made is that there needs to
be more linkage of the sectors,"
he said. "That can be done in a
more significant way. For
instance, if the hotel sector
came together with the agricul-
ture and fishing sectors, we can
begin to-produce more from
those industries and reduce our
imports.
"There are things we can do
to reduce import levels in basic
areas" and so protect the for-
eign currency reserves by reduc-
ing capital outflows on imports.
Mr Nairn and his two col-
leagues,, in their recommenda-
tions paper, urged the Govern-
ment "through the provision of


incentives, joint ventures and
other means", to "increase
import substitutions and exports
by lo per cent within two
years".
They also called for short-
term incentives to be provided
to companies in the manufac-
turing, agriculture and fishing
sectors to ensure that they not
only survived the current down-
turn, but also thrived when the
economy rebounded.
"Every means must be used
to ensure that this country pro-
duces 50 per cent of what it con-
sumes over time," Messrs
Nairn, Ferguson and Bostwick
urged.
"In this regard, the Govern-
ment should encourage, by way
of subsidy and other means, the
establishment of a poultry farm
with the capacity to produce 100
per cent of the poultry con-
sumed in the Bahamas. In addi-
tion, similar arrangements
should be put in place for veg-
etable farming and the produc-
tion of mutton.
"We recommend that a delib-
erate and strategic linking of
our various sectors including
the public, hotel, entertainment,
agriculture, fishing and manu-
facturing sectors is pursued."
Mr Nairn yesterday told Tri-
bune Business that producing
50 per cent of what this nation
consumer per annum was
"going to take some time".
"I think we can probably look
at a 10-year horizon," he added.
"But we have the ability in this


country. It is a national security
imperative, given September 11
and what is happening now. It is
an absolute imperative that we
secure a minimum level of agri-
culture and fisheries in this
country."
Mr Nairn added that the
Bahamas also needed to "rede-
fine success in this country"
when it came to developing
links between tourism and oth-
er industries.
He explained that the
Bahamas needed to look
beyond the pure tourism sector
and define 'success' more
"broadly", as "we cannot say
tourism is successful if it is not
feeding into other industries,
because we're not maximising
its benefits".
Mr Nairn and his colleagues
also recommended that the
Government guarantee the
issuance of a total $100 million
in construction bonds by pri-
vate and non-profit entities, the
proceeds of which would be
used to fund the building of new
schools and extensions to exist-
ing ones.
By guaranteeing the bonds,
the Government would ensure
they paid a relatively low inter-
est rate, and through "this ini-"
tiative hundreds of construction
jobs will be created.
"In addition, hundreds of per-
manent jobs are projected. Most
importantly, more private
schools will be added, which are
shown to produce a better crop
of students. In addition, this


development will allow the
Government to divert funds
that it would ordinarily invest
in new school construction in
other national priorities."
The trio also called on the
Ministry of Works and other
government agencies to "fast
track" construction and other
development-related permits
and approvals, with an increase
in application fees being used
to pay for extra public sector
staff and increase processing
efficiency.
Other recommendations
included the Government pro-
viding up to a 50 per cent rebate
on business licence fees, worth
up to a collective $5 million, for
companies who did not reduce
staff from the period October
1, 2008, to March 2009, and pro-
vided.staff with extra training
opportunities.
Greater transparency and
accountability in government
were also key,' Mr Nairn
explained, with the main theme
for economic revival being con-
sultation between all stake-
holders, the establishment of
clear goals, and then ensuring
the economy was stronger when
it emerged from its current
slump.
"We're really unimpressed
with the fact that the Prime
Minister has not spoken com-
prehensively about these issues.
It's incomprehensible that it
hasn't happened, but perhaps
there is a legitimate explana-
tion for it," Mr Nairn said.


EPA strategy inhibited by industry gaps on knowledge


FROM page 1B

will not be starting from the
same point that we did with the
EPA. We will simply be build-
ing upon that."
, Mr Delaney told Tribune
Business that "as- of this
month", the Trade Commission
had turned its attention towards
negotiations with Canada over a


' -~. -


F


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

* .*lv ;,?^ "'*'


...." I % '- .


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,' ,'.. . .. .* :. .



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!.:., . t ,. .



MIs




it,


replacement for the existing
CARIBCAN agreement
between it and CARICOM.
This agreement, which the
Bahamas is a party to, expires in
2012, and Canada, like its Euro-
pean counterparts is under great
pressure from the World Trade
Organisation (WTO) to replace
the existing one-way trade pref-
erences regime with CARI-
COM.
Mr Delaney, who is also man-
aging partner at the Higgs &
Johnson law firm, said the
Trade Commission had
obtained papers relating to the
CARIBCAN trade negotia-
tions, and was now assessing
what Canada would want from
any new agreement.
Canada, he explained, was
"beginning from the perspec-
tive that it is interested in ser-
vices and investments", taking
the opposite approach to the
EPA, which began as a goods
agreement.
"One of the things we are


looking to determine is what we
want out of the arrangement
with Canada," Mr Delaney told
Tribune Business. "That is pre-
cisely what we are addressing
our minds to now, both the
Ministry of Finance and the
Trade Commission.
"The good thing about this is
that when we were appointed
last year we were at the tail-end
of the EPA negotiations. This is
an opportunity for us to be
involved in something from a
very nascent stage. What are
the things that serve the
Bahamas' interests as we
approach discussions and think
about the arrangements with
Canada."
The Trade Commission chair-
man said he understood the
Government had allocated $1
million in resources to aid EPA
commitment implementation
and "strengthen the various
sub-sectors to address these
issues", including the trade deal
with the European Union (EU).


Such efforts would benefit the
Bahamas in future as it dealt
with, not only CARIBCAN and
the EPA, but full WTO mem-
bership and talks with the US
on a replacement for the
Caribbean Basin Initiative
(CBI).
"The Bahamas is doing a lot
of things related to trade for the
very first time as a consequence
of the EPA," Mr Delaney said.
"The EPA is an opportunity for
the Bahamas to lay down trade
infrastructure for the very first
time, which will also benefit the
Bahamas as it approaches the
WTO, CARIBCAN and CBI.
"We cannot continue a situa-
tion, from my perspective,
where the Bahamas will con-
front globalisation without the
sub-sectors of our economy
being developed from a trade
perspective understanding
their place in the economy, and
understanding how they cane
benefit from linkages to larger
economies."


THE WESTIN.

tPADBAHAMA ISLAND. Sheraton
ORL U CAYA Grand Bahama Island
.0OU 11LUCAVA
Resort REaSORT









THE TRIBUNE


THURSDAY, NOVEMBER 6, 2008, PAGE 7B


Obama's win boosts world stock markets


By PAN PYLAS
AP Business Writer
LONDON (AP) World
markets traded lower Wednes-
day despite strong gains in Asia
overnight as investors booked
profits after Senator Barack
Obama won the US presidential
election and the Democrats
took a firmer hold on Congress.
On Wall Street, the Dow
Jones industrial average fell
170.53 points, or 1.77 per cent,
to 9,454.75, while the Standard
& Poor's 500 index dropped
18.30, or 1.82 per cent, to 987.45
The FTSE 100 index of lead-
ing British shares was down
106.49 points, or 2.3 per cent,
at 4,533.04, while Germany's
DAX was 103.21 points, or 2.0
per cent, lower at 5,174.83. The
'CAC-40 in France was 85.98
points, or 2.3 per cent, lower at
3,605.11.
The losses in Europe and the
US follow surges Tuesday in
anticipation of an Obama vic-
tory. The Dow in fact enjoyed
its best election day rally since
1984.
'"Everyone was buying the
rumour yesterday and selling
the news today ... The market
had not only anticipated an
Obama victory, but from what
I'm gleaning, pretty much a
Democratic sweep," said Jack
A Ablin, chief investment offi-
cer at Harris Private Bank.
Investors also know that
'Obama will have his work cut
out for him to improve the US'
immediate economic prospects
and that Inauguration Day is
still more than two months
away.
"Between now and then there
is unlikely to be much if any
positive economic news," said
Howard Wheeldon, senior
strategist at BGC Partners in
London.
Further proof of the scale of
the downturn in the world's
largest economy came Wednes-
day with the news that the US
service sector contracted
sharply in October as new
orders and employment fell.
SThe Institute for Supply Man-
agement, a trade group of pur-
chasing executives, says the ser-
vices sector index fell to 44.4 in
October from 50.2 in Septem-
. ber. Analysts had anticipated a
far more modest drop.
A manufacturing report
.issued Monday by the same
organization showed the worst
Reading since September 1982,
-when the US was in a deep
recession.
Attention in Europe is shift-
ing towards Thursday's expect-
ed interest rate reductions
Thursday from the European


Central Bank and the Bank of
England.
Both banks are expected to
follow the US Federal
Reserve's lead and cut interest
rates by at least half a percent-
age point, though there's grow-
ing talk that the Bank of Eng-
land may reduce interest rates
by as much as a full percentage
point for the first time since four
cuts of that size in 1992-3 when
Britain's economy was last
mired in recession.
Effect
"With the 'Obama-effect'
already petering-out in some
markets, tomorrow's rate-set-
ting meetings may be of con-
siderable importance in nour-
ishing the prevailing mood of
diminished pessimism," said
Neil Mellor, an analyst at Bank.
of New York Mellon.
Earlier, Japan's Nikkei 225


stock average advanced 4.5 per
cent to 9,521.24, and Hong
Kong's Hang Seng Index added
3.2 per cent to 14,840.16.
Japanese shares were helped
by the sharp fall in the value of
the yen in recent days as an
appetite for risk returned to the
market. Major exporters did
particularly well; such as Toyota
Motor Corp., up 10.3 per cent,
Canon Inc., up 11.7 per cent and
Sony Corp., which advanced 6.3
per cent.
Australia's main stock index
rose 2.9 per cent, and Singa-
pore's key stock measure added
2.6 per cent. India's Sensex
dropped 2.8 per cent.
In South Korea, the bench-
mark Kospi rose 2.4 per cent,
though pared gains on profit-
taking and some concerns that
an Obama presidency could
mean a harder line on trade,
analysts said.
Elsewhere, oil prices retreat-


COPY AND LAYOUT


EDITOR
THE TRIBUNE requires a Copy and
Lay-out Editor to join a new editing and page
design unit covering all sections of the
newspaper.

The successful candidate will become
a key player in The Tribune's continuing
development as the Bahamas' number one
daily newspaper.

He or she will be proficient in full colour
pagination on an Apple-Quark Xpress system
and will possess a bachelor's degree, full
professional qualifications and a proven track
record as a copy editor and page layout
specialist.

If you think you qualify, please send a
cover letter, resume and work samples to the
Managing Editor, The Tribune, P.O.Box N-
3207, Nassau, Bahamas.

A competitive salary, paid vacation and
company medical insurance scheme are on
offer to the successful candidate.

No Phone Calls Please
Our benefits include paid vacation
& medical insurance.

The Tribune
11 .fMlYfl IM ra11 la 1 1,1,,11I


ed after surging above $70 a
barrel overnight. Light, sweet
crude for December delivery
was changing hands at $68.65,
down $1.88.
On the currencies front, the
euro was down 0.4 percent, at
$1.2918, and the dollar was 0.9
per cent lower at 98.79 yen.


of

BAHAMAS CYCLE CO. LTD.
will be held on
Thursday, 4th December, 2008, 6pm
Magnolia House
Elizabeth Avenue and Bay Street


ENTER TO WIN

A FLAT SCREEN

OE32" TV
OFFER VALID THROUGH
DECEMBER 18th, 2008


SBank of The Bahamas
L I M I ET ED




Head Office
Claughton House
Charlotte & Shirley Streets
P. 0. Box N-7118
Nassau, Bahamas




NOTICE

TO SHAREHOLDERS



THE BOARD OF DIRECTORS OF
BANK OF THE BAHAMAS LIMITED
IS PLEASED TO ADVISE THAT A


DIVIDEND


OF


SIXTEEN


CENTS


(16) PER SHARE WAS DECLARED
ON 24th OCTOBER, 2008 TO ALL
SHAREHOLDERS OF RECORD AS AT
17TH NOVEMBER, 2008 AND PAYABLE
AS OF 25TH NOVEMBER, 2008.










LAURA A. WILLIAMS
CORPORATE SECRETARY


S.




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 following 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. 0. BOX N-8347
NASSAU, BAHAMAS
Fax: 356-7530
E-Mail: info@scb.gov.bs
. Applications should be received no later than November 11, 2008
____ ___ ^____________________f_______


BUINS


g 71n
04








1 0 t1m.4k5av li i/'i, y qf w vio 0/a /f' ,i .L'%


GN-775







GOVERNMENT NOTICE






SMinistry Of The Environment




Port Department


Notice of Sitting for New Providence Port Authority .
To consider Application For Licence Under The Boat Registration
Act Chapter (277) & Commercial Recreational Watercraft Act 2006

Notice is hereby given that a meeting of the New Providence Port Authority Board for
New Providence and the Family Islands will be held at the Port Administration Building,
Prince George Wharf on Thursday 20"' November, 2008 at 3:00pm for the purpose of
granting Licences under The Boat Registration Act Chapter (277) & Commercial
Recreational Watercraft Act 2006.

Any Person entitled to and wishing to object to any application should do so at least six
(6) days before the date of the hearing by submitting his/her objections in writing to the
Board and to the applicant. .

Persons attending the meeting on behalf of an applicant must produce written
authorization at the meeting.

Applicants for renewals are not required to attend, unless they have received written
notification from the New Providence Port Authority Board.

The under mentioned persons have applied for grant of licences as specified below




NEW COMMERCIAL RECREATIONAL WATERCRAFT


OPERATORS LICENCE- NEW PROVIDENCE


Capron Bertis L.
P.O. Box NP-1007
Nassau,' Bahamas

Rolle Michael A.
P.O. Box SB-7609
Nassau, Bahamas

Sturrup William C.
General Delivery
Nassau, Bahamas


NEW MASTER'S.LICENCE -NEW PROVIDENCE


NAME

Adderley Carlton D.
- P.O.Box SS-6522
Nassau,. Bahamas .

Cartwright Algernon
P.O: Box SS-6130
SNassau, Bahamas--

McBride Eugene,
P.O. Box FH-14357
Nassau, Bahamas


Moss Ivan L.
P.O..Box CR-56007
Nassau, Bahamas

Miller Leyvon A. H
P.O. Box SB-52377
Nassau, Bahamas

Robinson Darren L.
P.O. BoxEE-16598 .
Nassau, Bahamas

Wong Ronald A.
P.O. Box N-751
Nassau, Bahamas


NEW MASTER'S LICENCE -FAMILY ISLAND


NAME

Burrows Deverick U. ,
Deadmans Cay, Long Island


CLASS

A


NEW COMMERCIAL RECREATIONAL WATERCRAFT


,'.;Tf SKI) LICENCE-NEW PROVIDENCE


REG NO. APPLICANT BOAT
NAME


Conliffe Randy- "No Name"
P.O. Box SS-5798 9ft
Nassau, Bahamas Jet Ski


CLASS PASS USE


D 2 Rental


RENEWAL OF BOAT LICENCE-NEW PROVIDENCE


APPLICATION

, Citsejam Ltd
* P.O. Box N-1401
Nassau, Bahamas


NP: 6625 Fantasy Charter
Services Limited
P.O. Box EE-1763'
Nassau, Bahamas

NP: 3229 Premier Waterspor
P.O. Box N-4049
Nassau, Bahamas

NP: 6230 Sea Horse Sailing
P.O. Box CB-11763
Nassau, Bahamas

NP: 6619 Sea Horse Sailing
P.O. Box CB-11763
Nassau, Bahamas

NP: 6259 Sea Horse Sailing
P.O. Box CB-11763
Nassau, Bahamas

NP: 6334 Sea Horse Sailing
P.O. Box CB-11763
Nassau, Bahamas


Swex Company
Bahamas Ltd
P.O. Box AP-59217
Nassau, Bahamas


BOAT NAME CL
"Majeqtic B
Lady"
85ft
Catamaran

"Valhalla" A
46ft
7 Fiberglass


ts "Home Boy" B
17ft
Boston Whaler
Sea Horse I" A
51ft
Catamaran

"Sea horse" A
3 65ft
Catamaran

"Sea Horse IP' A
3 63ft
Catamaran


"Sea Horse III"
65ft
Catamaran

"Ballyhoo"
44ft
Cat xan


330




* 10




10


USE

Charter




SCharter




Charter


60, Charter



120 Charter



130. Charter


A 130


Charter


B 45 Charter


NP: 3245 Swex Company
Bahamas Ltd
P.O. Box AP-59217
Nassau, Bahamas


REG NO.

4P: PS4 CB


APPLICANT

More Tours
P.O. Box CR-56535
Nassau, Bahamas


14P: PS2 P.I Premier Watersports
P.O. Box N-4049
Nassau, Bahamas

\P: PS 1 P.I Premier Watersports
P. O. Box N-4049
Nassau, Bahamas

NP: P.S 3 P.I Premier Watersports
P.O. Box N-4049
Nassau, Bahamas

.P: 18 CRW Sea Thru Adventures
P.O.. Box CB-11325
Nassau, Bahamas


NP: 26 CRW Sea Thru Adventures
P.O. Box CB-11325
Nassau, Bahamas

NP:20 CRW Sea Thra Adventures
P.O. Box Cb-11325
Nassau, Bahamas

NP: 25 CRW Sea Thru Adventures
P.O. Box CB-11325
Nassau, Bahamas

NP: 21 CRW Sea Thru Adventures
P.O. Box CB-11325
Nassau, Bahamas.


NP: 24 CRW Sea Thru Adventures
P.O. Box CB-11325
Nassaui,-Bahabas '


NP: 19 CRW Sea Thru Adventures
P.O. Box CB-11325
Nassau, Bahamas

NP: 23 CRW Sea Thru Adventures
P.O. Box CB-11325
Nassau, Bahamas

NP: 22 CRW SeaThru Adventures
P.O. Box CB-11325
Nassau, Bahamas


REG NO APPLI


NP: 645 ATW Flowers
P.O. Bo:
Nassau,

NP: 649 ATW Flowers
P.O. Bo:
Nassau,


NP: 647 ATW


Flowers
P.O. Box
Nassau,


NP: 819 BSC Johnson
P.O. Box
Nassau,

NP: 816 BSC Johnson
P.O. Box
Nassau,
NP: 714 RCB Jaydee's
P.O. Box
Nassau, I

NP: 701 RCB Jaydee's
P.O. Box
Nassau,

NP: 700 RCB Jaydee's
P.O. Box
Nassau, I


NP: 712 RCB


Jaydee's
P.O. Box
Nassnu, I


NP: 755 RCB Jaydee's
P.O. Box
Nassau,B


"Seaworld
Explorer"
66ft
Aluminum


B 47 Charter


BOAT NAME CLASS PASS


"The Ultimate
Ride"
28ft
Fibreglass

"P.S. II"
28ft
Parasail

"P.S. I"
28ft
Parasail

P.S. III"
28ft
Parasail

"Rum Cay"
6ft
Dingy


"Abaco"
12ft
Kayak '


"Acklins"
12ft
Kayak

"Bimini"
12ft
Kayak

"Crooked
Island"
12ft
Kayak

"New
Providence"
i1ft' *-A"- j
Kayak

"Mayaguna"
12ft
Kayak

"Long Island"
12ft
Kayak

"San Salvador"
12ft
Kayak


B 12 Rmntal




B 12 Rental



B 12 Rental


12 Rental


D 2 Rental




D 2 Rental




D 2 Rental



D 2 Rental



D 2 Rental


D



D.



D



D


2 Rental




2 Rental



2 Rental



2 Rental


OPERATORS LICENCE -NEW PROVIDENCE


NAME

S Johnson Dennis
P.O. Box SB-50115
Nassau, Bahamas

.Lewis Sean 1.
P.O. Box CR-54543
Nassau, Bahamas

Neely-Taylor Cynthia D.
P.O. Box N-4733
Nassau, Bahamas

Neely Keith
Nassau, Bahamas

Sweeting Shamane
P.O. Box GT-2490
Nassau, Bahamas


CLASS

D



D



D



D


D


(JET SKI) -NEW PROVIDENCE


CATION BOAT CLA
NAME

Kym "No Name" D
x N-4078 9ft
Bahamas Jet Ski

Kym No Name" D
x N-4078 9ft
Bahamas Jet Ski

Kym "No Name" D
x N-4078 9ft
Bahamas Jet Ski

Dennis "No Name" D
x SB-50115 9ft
Bahamas Jet Ski

Dennis "No Name" D
x SB-50115 9ft
Bahamas Jet Ski

Funsports "No Name" D
SSS-5798 9ft
b Bahamas Jet Ski

Funsports No Name" D
SS-5798 9ft
Bahamas Jet Ski

Funsports "No Name" D
SS-5798 9ft
Bahamas Jet Ski

Funsports "No Name" D
SS-5798 9ft
Bahamas Jet Ski

Funsports "No Name" D
SS-5798 9ft
ahamas Jet Ski


2 Rent U


2 Rental



2 Rental



2 Rental



2 Rental



2. Rental



2 Rental



2 Kental



2 Rental



2 Rental



2 Rental


RENEWAL OF COMMERCIAL RECREATIONAL WATER CRAFT
NEW PROVIDENCE


LICENCE NO.

NB/120/08



NB/121/08



NB/122/08


LICENCE NO

NB/23/08



NB/24/08



NB/25/08,.-




NB/26/08



NB/27/08



NB/28/08



NB/29/08


LICENCE NO

NB/07/08


.RENEWAL OF COMMERCIAL RECREATIONAL W.ATI IERCRAF1F


NB/21/08


REG NO

NP: 1942


RENEWAL OF COMMERCIAL RECREATIONAL WATERCRAFT


NP: 964


IS 688


i .,_..._ --, : j , .':"t. 'Ui ,, l i~u Vi-Viori-n u ,,ig" U_____


LICENCE NO

0020



0044



0024



0023


0007


U,>.. -4L i^1 a. b4- A%. 0111 bpift


I












RENEWAL OF COMMERCIAL RECREATIONAL WATERCRAFT


(JET SKI) -NEW PROVIDENCE

CATION BOAT CLAS
NAME


NP: 703 RCB Jaydee's Funsports
P.O. Box SS-5798
Nassau, Bahamas

NP: 711 RCB Jaydee's Funsports
P.O. Box SS-5798
Nassau, Bahamas

NP: 702 RCB Jaydee's Funsports
P.O. Box SS-5798
Nassau, Bahamas

NP: 704 RCB Jaydee'Funsports
P.O. Box SS-5790
Nassau, Bahamas

NP: 713 RCB Jaydee's Funsports
P.O. Box SS-5790
Nassau, Bahamas

NP: 744 RCB Lewis Sean
Nassau, Bahamas


NP: 745 RCB Lewis Sean
Nassau, Bahamas

NP: 743 RCB Lewis Sean
Nassau, Bahamas

NP: 800 BSC Neely Keith
P.O. Box N-4733
Nassau, Bahamas

NP: 127 ATE Rastafari Watersports
P.O. Box GT-2490
Nassau, Bahamas

NP: 121 ATE Rastafari Watersports
P.O. Box GT-2490
Nassau, Bahamas

NP: 802 BSC Taylor Cynthia
P.O. Box N-4733
Nassau, Bahamas

NP: 900 NSB Taylor Cynthia
P.O. Box N-4733
Nassau, Bahamas


"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski
"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski
"No Name"
9ft
Jet Ski
"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski
"No Name"
9ft
Jet Ski


S PASS USE


D 2 Rental


D 2 Rental


D 2 Rental



D 2 Rental


D 2 Rental


D 2 Rental


D 2 Rental


D 2 Rental


D 2 Rental


D 2 Rental


D 2 Rental


D 2 Rental.


D 2 Rental


RENEWAL OF MASTER'S LICENCE -FAMILY ISLAND


NAME


Greene Orland
Mangrove Cay,Andros

Lewless Patrick A.
Little Ferry, Exuma

Roberts Perry L.
Nicholl's Town Andros

Smith Bob A.
Stuart Manor, Exuma


CLASS
A .


Google withdraws





from Yahoo deal


* By JOELLE TESSLER
and MICHAEL LIEDTKE
AP Technology Writers

WASHINGTON (AP) -
Google Inc. has scrapped its
Internet advertising partnership
with struggling rival Yahoo Inc.,
abandoning attempts to over-
come the objections of antitrust
regulators and customers who
believed the alliance would give
Google too much power over
online commerce.
The retreat announced
Wednesday represented anoth-
er setback for Yahoo, which
had been counting on the
Google deal to boost its annual
revenue by $800 million and
placate shareholders still
incensed by management's
decision to reject a $47.5 billion
takeover bid from Microsoft
Corp. six months ago.
To Yahoo's dismay, Google
backed off to avoida challenge
from the U.S. Justice Depart-
ment, which said it would sue to
block the Yahoo deal to pre-
serve competition in the Inter-
net's rapidly growing advertis-
ing market.
"The arrangement likely
would have denied consumers
the benefits of competition -
'lower prices, better service and
greater innovation," said
Thomas Bartiett, an assistant
attorney general who oversees
the Justice Department's
antitrust division.
Without Google's help,
Yahoo now may feel more pres-
sure to renew talks with
Microsoft and ultimately sell
itself for much less than the $33
per share that Microsoft offered


in May. Yahoo shares traded
Wednesday morning at just
$13.87, gaining 4 percent in a
move reflecting investor hopes
that Microsoft might renew its
pursuit.
Surrendering the chance to
sell ads on Yahoo's popular
Web site won't be a significant
financial blow for Google,
which already runs the Inter-
net's largest and most prosper-
ous advertising network.
But the capitulation marks a
rare comedown for Google,
which had been insisting for
more than four months that the
Internet would be a better place
to do business if it were allowed
to work with Yahoo.
"We're of course disappoint-
ed that this deal won't be mov-
ing ahead," David Drummond,
Google's chief legal officer,
wrote on a company blog. "But
we're not going to let the
prospect of a lengthy legal bat-
tle distract us from our core
mission. That would be like try-
ing to drive down the road of
innovation with the parking
brake on."
Yahoo said it wanted to fight
the Justice Department in
court, though it played down
the impact Google's retreat
would have on its turnaround
efforts.
"This deal was incremental
to Yahoo's product roadmap
and does not change Yahoo's
commitment to innovation and
growth in search," the company
said in a statement. "The fun-
damental building blocks of a
stronger Yahoo ... were put in
place independent of the agree-
ment."


Google's management took
a strategic risk by agreeing to
the Yahoo partnership in June,
knowing the move would
increase the government's
scrutiny of Google's market
power. Even though it is now
walking away empty-handed,
Google figures to remain in reg-
ulators' sights as it tries to
expand.
"For the first time, Google
has run into real opposition to
its marketplace goals," said Jeff
Chester, executive director of
the Center for Digital Democ-
racy, a consumer advocacy
group. "Google is aware that
its aggressive moves in the
onlineadvertising business are
potentially contributing to dam-
aging its brand. The perception
of Google has changed."
The collapse of the Google-
Yahoo alliance shapes up as a
potential coup for Microsoft.
Although it has publicly said
it's no longer interested in buy-
ing Yahoo, Microsoft spent a-
lot of time and money trying to
keep Google and Yahoo from
coming together.
The world's largest software
maker provided evidence that
helped persuade' regulators the
partnership would diminish
competition. Microsoft also
helped orchestrate the cam-
paign that prompted major
advertisers to lodge formal
complaints against the proposed
partnership.
The Justice Department sig-
naled it was considering a legal
challenge to the deal in Sep-
tember when it hired veteran
antitrust lawyer Sanford Lit-
vack to review the case.


RENEWAL OF MASTER'S NEW PROVIDENCE


NAME


Armbrister Lee E.
P.O. BoxN-10840
Nassau, Bahamas

Bannister Anthony L.
Nassau, Bahamas

Carroll Clifford
Nassau, Bahamas
Eads David P.
P.O. Box CB-11620
Nassau, Bahamas

Fox Burton P.
P.O. Box CR-54671
Nassau, Bahamas

Finley Donovan
P.O. BoxN-4049
Nassau, Bahamas

Knowles Thomas E.
P.O. Box SS-6554
Nassau, Bahamas

Lightboume Barry M.
P.O. Box CB-12291
Nassau, Bahamas

Moxey Lynden P.
P.O. Box CR-55506
Nassau, Bahamas

Maycock Henricus F.
Nassau, Bahamas
Nairn Tomiko
P.O. Box N-4049
Nassau, Bahamas

Newton Wenzel
P.O. Box N-4049
Nassau, Bahamas

Russell Scott R.
P.O. Box SS-5515
Nassau, Bahamas
Rolle Garnet G. Jr.
P.O. Box CB-11424
Nassau, Bahamas

Roker John
Nassau, Bahamas
Strachan Erlin
P.O. BoxN-4049
Nassau, Bahamas

Sturrup Jason D.
P.O. Box N-7686
Nassau, Bahamas
Saunders Scott W.
P.O. Box N-1401
Nassau, Bahamas
Tumquest Sean
P.O. Box SS-19570
Nassau, Bahamas
Wilson Dallas C.
P.O. Box N-458
Nassau, Bahamas


CLASS


A


B

A

B


A


B


A


A


A


A

B


B


B


A



A

B


A


A


A


A


Captain h-A yAlens
Port Controller


IS 688


FROM page 5B

is undertaken to determine the
impact of replacing incandes-
cent light bulbs with a more
energy-saving solution, and the
extent to which it is economi-
cally prudent for the Govern-
ment to participate in such a
programme by way of legisla-
tion and/or subsidy.

We recommend that within
60 days the jitney sector is
placed under the ownership of a
single company, mandated to
dramatically increase routes and
equipment, while upgrading ser-
vice to a level that most people'
find acceptable. We believe this
is a national imperative that
could easily save the country
millions of dollars.

Training
'* We recommend that the
Government allow companies
to enjoy rebates of up to 50 per
cent of their business license
fees payable in 2010 of up to a
combined $5 million. In order to
enjoy this benefit, licensees
would be required to demon-
strate that during the period
from October 1, 2008, to March
2009, additional staff training
was undertaken, and that there
was no reduction in the num-
ber of employees.

We recommend that the
Government provide paid train-
ing for hundreds of people in a
number of areas, including fish
farming, agriculture, electron-
ics and IT. While there is a
place, for giving Government
assistance without requiring
people to do specific things, this
is not desirable in a sustained
economic downturn. Instead,
the Government should con-
sider encouraging those need-
ing unemployment assistance to
engage in paid training pro-
grammes.

Economic Diversification
We recommend that
through the provision of incen-
tives, joint ventures and other
means, the Government
increase import substitutions
and exports by 10 per cent with-
in two years. A committee
should be established to make
recommendations for the imme-
diate and medium-term
improvement of the fishing
industry.

We recommend that added
short-term incentives are given
- to companies involved in man-
ufacturing, agriculture and fish-
ing, to ensure they not only sur-
vive, but thrive once the econo-
my rebounds.


Every means must be used
to ensure this country produces
50 per cent of what it consumes
over time. In this regard, the
Government should encourage,
by way of subsidy and other
means, the establishment of a
poultry farm with the capacity
to produce 100 per cent of the
poultry consumed in the
Bahamas. In addition, similar
arrangements should be put in
place for vegetable farming and
the production of mutton.

We recommend that a
deliberate and strategic linking
of our various sectors including
the public, hotel, entertainment,
agriculture, fishing and manu-
facturing sectors is pursued.

Construction Sector
We recommend that the
Government encourage and
guarantee the issuance of $100
million bonds by private and
not-for-profit entities to fund
extensions to existing schools
and build new ones as well. As
they are guaranteed by the
Government, the bonds would
bear a relatively low interest
rate. Through this initiative,
hundreds of construction jobs
will be created. In addition,
hundreds of permanent jobs are
projected. Most importantly,
more private schools will be
added, which are shown to pro-
duce a better crop of students.
In addition, this development
will allow the Government to
divert funds that it would ordi-
narily invest in new school con-
struction in other national pri-
Soities.

We recommend that the
Ministry of Works and other
government institutions fast-
track building and development
approvals. In this regard, we
strongly suggest that the time
has come for there to be a sub-
stantial increase in application
fees in return for improved effi-
ciency. This might require the
hiring of additional staff in
order to meet the reasonable
need of applicants.

We recommend that addi-
tional road improvement inno-
vations are explored and pur-
sued, in order to alleviate traffic
congestion throughout New
Providence, especially in the
eastern area. Such analysis
should include examining the
tremendous cost to our econo-
my of the growing traffic con-
gestion.

Personal Finances
We believe it is commend-
able that the Government seeks
to ensure that people who are
going through financial hard-
ship do not lose their houses.


We recommend that discussions
are pursued with lending insti-
tutions and the Central Bank
to see how best this might be
addressed. We recommend that
a moratorium is placed on fore-
closures where people have had
a good payment track record.

There is ample historical
evidence to support the propo-
sition that one of the best ways
to lessen the effects of a reces-
sion is by having high savings.
Regrettably, the savings rate of
the average Bahamian is
abysmal. Through the intro-
duction of pension legislation
and other prescriptive mea-
sures, the Government should
encourage the growth in sav-
ings.

Taxation
Our current taxation sys-
tem is inherently at variance
with the need for us to develop
a strong production economy.
This is so because the more we
produce locally, the less we
import, which would lead to a
reduction in Government's
import duties. We recommend
that serious efforts be made to
introduce a new-form of taxa-
tion.

Privatisation
It is apparent that there is
an urgent need to. develop a set
of privatization protocols, the
cornerstone of which must be
transparency and doing what is
in the best interest of the
Bahamian people. We recom-
mend that following the devel-
opment of such protocols,
immediate steps are taken to
sell ZNS, Water & Sewerage
Corporation, Bahamasair and
garbage collection services. By
doing so, the Government will
free up hundreds of millions of
dollars over the next 10 years
to be deployed more produc-
tively.

Other

We recommend that specif-
ic incentives be put in place to
promote increased ownership
of the financial sector by
Bahamians.

We strongly believe that the
single most important thing the
Government can do is to insti-
tutionalise processes and pro-
cedures that would lead to
unimpaired transparency and
accountability. We agree with
the Government that there is a
correlation between trans-
parency and economic devel-
opment.

Lynden Nairn
Anthony Ferguson
John Bostwick II


6284


6234

7591

7508


6510


8361


7111


7764


7230


6021

7559


7501


8139


8048



6869

7582


7933


6273


7099


7968


Charting an economic course



, through the turbulent waters I


REG NO APPLI





PAGE 10B, THURSDAY, NOVEMBER 6, 2008


"Your Bahamian Supermarkets'


SUPER
VALUE
NOW ACCEPTING
))SUNCARD
The Bahamian Credit Card
QUANTITY RIGHTS AND PRICES RESERVED
SPECIALS GOOD NOV. 6 NOV. 12. 2008


WESSON
VEGETABLE/CORN
OIL
48 Oz


REDEEM QUALITY STAMPS AT BED, BATH a HOME
II /'


QUAKER QUIC
GRITS
5 Ibs.


I61


$


39


R RAI N BOW.
CORNER "


$


BEEF
12 OZ


3


IJkI




a
I I.


oil


IA A *


*


*


- HUNTS
BBQ
SAUCES

$ 99







SINDIAN SUMMER
APPLE JUICE
64 oz.


$


ROBIN HOOD
FLOUR
5Lb


Ii ~I ~Z$Z1 I


I k1


4


SHURFINE
CORN,
FLAKES
18 oz.


/ HUNT'S pI
KETCHUP Nr
Ad%- A


$


S
A.-- *PR E
WATERLM^

1.5 LT


VljI


W2 U i.


CAPRI SU
OR
KOOL AID
JAMMERI
10 Pk


HAWAIIAN
PUNCH
64 oz.


="


1I


JBI


-/ JBI
JUNKANOO JUICE
MEDLEY


17.5 oz.
$169


HUGGIES
NATURAL CARE
JEANS
DIAPERS
16/18/20/24


*


JOY
DISH
LIQUID
30 oz.


EXTRA PINE
CLEANERS
48 oz.
$n 59


/


*


opo-


*..


0SILID,


99


m








THURSDAY, NOVEMBER 6, 2008, PAGE 11B


V~4
~


O E

LEN)
LW---


1BAR-S

LJUMBI

CHICK

IM& MEA



FRA


TURKEY

WINGS
per Ib


-----I


1 LB.


S


0 "


* 0


/"
/


U.S. CHOICE
BONELESS CHUCK
STEAK or

ROAST


I -


0 0


$


'I ~;


per Ib

'99


2-


MAYAN, Asst'd. 20 oz. HEALTHY CHOICE, Asst'd., 10 oz.
IELS ......................$2.19 STEAMERS.............................$4.69

AXY, Sliced, 10 oz. GREEN GIANT, Asst'd., 10 oz.
IEESE..................2/$3.00 FROZEN
VEGTA LE.......VEGETABLES ...$2.29
NY DELIGHT, 64 oz.
IUS & CALIFORNIA NESTLE GOLD EDITION, 64 OZ
INCH ..........................$2.99 ICE CREAM...........................$7.99


?SCAR MAYER
BEEF
BOLOGNA
12 oz.

I 299
-.'$' H^


BAR-S
SLICED THICK
BACON
12 oz.
$A039


FRESH BAKED
POUND CAKES
?e, 899"

$A99


* ,~ ~ *~ r
~.A -.-
-


I I


SRED DELICIOUS

|APPLES
S 3.b. bag

$299
! .F
K- !


OSCAR MAYER
REG/BUN-LENGTH
WIENERS
1 lb
$ 279


WHOLE
ROTISSERIE
CHICKENS
each
.799



SWEET RED
GLOBE

GRAPES
PER LB

$1 59


- *


4.'


Detroit resort revives


troubled city's hopes


KN


* By KEITH SCHNEIDER
c.2008 New York Times
News Service
DETROIT Late last
month, when 700 people gath-
ered to celebrate a $200 million
restoration that transformed the
long-shuttered Book Cadillac
hotel into a showcase of luxury
lodging, housing, dining and
entertainment, the event
seemed like a civic catharsis.
Detroit, the nation's 11th-
largest city, with about 910,000
residents, has been buffeted this
year by the grim circumstances
of the housing and auto indus-
tries; an unemployment rate
that is about nine per cent, one
of the worst qf any major met-
ropolitan area; and the extra-
marital missteps of its former
mayor, Kwanie M Kilpatrick,
who last week began a four-
month jail sentence for perjury.
The front pages of the two
major newspapers sometimes
read like cultural obituaries.
The glittering opening,
though, of the 84-year-old
Westin Book Cadillac Detroit,
once a stone gray shell stripped
bare by hoarders and vandals,
. was seen by business leaders
and residents as representing
another side of the city its
grit and determination. "This
is a testament to a partnership
and a community that will not
stay down," said Governor Jen-
nifer M Granholm, who attend-
ed the gala and helped cut a
gold ribbon reading "We Love
Detroit."
The difficult two-year project
was a result of a partnership
between the city, which was
intent on saving a signature his-
toric building at one of its most
prominent downtown intersec-
tions, Washington Boulevard
and Michigan Avenue, and
John J Ferchill, 66, chairman of
the Ferchill Group, a Cleveland
developer who earned a for-
tune undertaking historic
restorations in other Midwest-
ern cities.
Though reconstructing-the,
old hotel's rooms, and grand
public spaces tested architects
.and contractors, the deciding


factor was a financial scavenger
hunt to find the money. Fer-
chill put $8 million of his own
capital into the restored hotel,
and cobbled together financing
from 22 other sources.
Various city and state loan
funds provide $46 million. State
and federal tax credits account
for $33 million. Brownfield tax
credits account for $8.5 million.
Roughly $103 million is pri-
vately financed, including a $44
million mortgage held by iStar
Financial, and $28 million from
a conservation easement pur-
chased by the National City
Community Development
Corp.
"That's just what you have
to do to get something like this
done," Ferchill said. "You have
to think of everything."
The result is a 33-story build-
ing with a restored Italian
Renaissance-style exterior and
a modern, well-lighted interior
that makes ample use of dark
wood and marble. The Book
Cadillac has 453 hotel rooms,
64 condominiums that occupy
the top eight floors, three ball-
rooms, three restaurants, an ele-
gant bar, a health spa and a
pool. The city built a $20 mil-
lion 500-space parking struc-
ture.
"There wasn't one part of this
project that was easy," Ferchill
said in an interview in the chic,
elegantly appointed Motor Bar.
"Now that it's done, it feels
good to return a piece of his-
tory to this city."
In fact, the Book Cadillac's
opening reflects much of
Detroit's story in the last nine
decades. It was the world's
tallest hotel at its opening in
1924, serving as a host for auto
industry executives made
wealthy by the city's surging
manufacturing sector.
The hotel survived the
Depression and thrived during
the city's boom years after
World War II, when Detroit
reached its peak populatipn'of
nearly two million in the mid-
,,,1950s. -..,
,.But as jobs and tLeidents
."nioved from Detroit starting
"late in tiht decade, the hotel


BED BATH & HOME




4 1,.:.:
"P. f Jr ,0,. "'
1ty ,^


4,,,S
t^


-\



.-,. .
'> ^. ,, .;..


VALANCES
CO1 TON RUGS
rTABLECLO FHSi
THROW PILL\\ S
kASSA\fINA, 1OWE LS
MODE LIVEE SIIi-l SLI'
PERLALE 200 SlrI NL IS
\'INDO\\ CIlRI.\INs DR.\AIEs
BATHROOM ilINOil L'IRIIR \IN'
LADM ;\NDR.\t L(Ni IRll.R SETS


GAZEBO, TENNIS
WICKER HAIMPLRS
CHAIR SLIP COVERS
KITCHEN CIIR[.AIN
LEVINSON BED SMKRS
SINGLE POTS & FR\ PANS
PREMIUM 2-BURNER
GAS STOL[ES
PFALZCGRAI F
DINNER WARE SETS


SALE STARTS
MONDAY NOVEMBER 3rd SATURDAY NOVEMBER 8th
Located: Harbour Bay Shopping Center
Ph: 393-4440 or 393-4448
______________?___________


V *~
K4 ',


A -


faltered under various owners.
In 1984, it was closed and then
ransacked.
When Ferchill took his first
tour of the hotel, he said, much
of the interior was so damaged
it "looked like the wreck of the
Titanic only this building was
not underwater."
The new Westin Book Cadil-
lac Detroit, though, is seen as
representing another Detroit
story the relatively unher-
alded revival of the city's down2
town as a place to live, do busi-
ness and be entertained.
In September, for instance;
the MotorCity Casino, one of
three casinos here, completed
a $300 million expansion and
renovation.
Last year, the Detroit Insti-
tute of Arts finished a $158.2
million restoration and expanri
sion.
In this decade alone, new
baseball and football stadiums
were completed for the Detroit
Tigers ($300 million) and the
Detroit Lions ($430 million). "
The city also constructed the
$122.5 million Detroit School
of the Arts. Some $220 million
was spent to restore Orchestra
Hall and build the Max M. Fish-
er Music Center, places where
the Detroit Symphony per-
forms.
Compuware, a software com-
pany, opened a $400 million
headquarters in 2002. A year
later, General Motors complet-
ed a $500 million remodeling
of the Renaissance Center
along the Detroit River for its
headquarters.
And dozens of smaller pro-
jects have transformed old
warehouses into lofts, old build-
ings into offices, and surface
parking lots into homes and
offices.
Detroit's redevelopment also
prompted the Ferchill Group
to bNlieve there would be a
niarket for a high-end noncasi-
no hotel and to take on thel
Book Cadillac project. "People
want to be in downtown
Detroit," Ferchill said. "There
ate amenities close to this hotel
that a lot of Midwest cities don't
have."


THE TRIBUNE


,e


0a~re


f '


Ni









PAGE 12B THURSDAY, NOVEMIIBEERNA6,20L08BTHIENESS


PUBLIC NOTICE
INTENTTO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, STEPHEN LARRY
JOHNSON of Marshall Road, Nassau, Bahamas, intend
to change my name to STEPHEN LAWRENCE DEAN. If
there are any objections to this change of name by
Deed Poll, you may write such objections to the Chief
Passport Officer, PO.Box N-742, Nassau, Bahamas no
later than thirty (30) days after the date of publication of
this notice.




M&E Limited [E


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 Caterpillar
Product Line, have worked in a Caterpillar
dealership or a similar Organization;
Have Caterpillar training in power generation;
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,
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,
R 0. Box N-3238,; Nassau Bahamas,
Attention: Office Administrator, or email
medme-ltd.com.
Only persons being interviewed for this.
position will be contacted.


Surprises over





default swaps


* By VIKAS BAJAJ
c.2008 New York Times
News Service
A WINDOW into the vast,
murky world of credit-default
swaps opened on Tuesday -
and the view was a bit surpris-
ing.
The market for the instru-
ments, which have played a sig-
nificant role in the financial cri-
sis, seems to be smaller than
many analysts believed. And
countries, not just companies,
are often the subject of contracts
that are used to protect investors
against losses from defaults or
simply to make bearish bets.
That, anyway, is the impression
given by a report released by
the Depository Trust and Clear-
ing Corp. that ostensibly pro-
vides the most data yet on this
market. But the report does not
shed any new light on which


entities have sold protection
through swaps and whether they
have enough capital to meet
their obligations, a crucial con-
cern for policymakers.
The depository corporation,
which clears swaps and other
financial transactions, said that it
had cleared swaps providing
coverage on $33.6 trillion in
debt. In other words, investors
have bought (or sold) protec-
tion on bonds and other debt
totaling that much, an amount
that is slightly greater than the
$30.8 trillion of American bonds
outstanding.
Last month, the International
,Swaps and Derivatives Associa-
tion estimated that nearly $47
trillion in swaps were outstand-
ing as of June. That number
might include transactions not
cleared by the depository cor-
poration.
The most default swaps have


been written on the countries
of Turkey, Italy, Brazil and Rus-
sia, according to the new data.
They were followed by GMAC,
the auto finance company that is
partly owned by General
Motors. Others in the top 10
include Merrill Lynch, Goldman
Sachs, Morgan Stanley, Gener-
al Electric Capital and Coun-
trywide Home Loans. But that
ranking does not account for
contracts written on multiple
units of the same companies.
In a credit-default swap, a
buyer of protection pays an
insurance premium to a seller
who agrees to cover any lost
interest or principal on bonds
or loans issued by companies,
countries or other organizations.
The buyers and sellers are typi-
cally securities firms, hedge
funds, banks and insurance com-
panies.
Policymakers have been


unnerved by the rise of the mar-
ket because they are worried
that sellers of protection may
* not have enough reserves to pay
future claims and that default
by one party could lead to a cas-
cade of failures throughout the
financial system. That fear led
the Federal Reserve to extend
an $85 billion bridge loan to the
American International Group
and prompted the Fed to
arrange a sale of Bear Steams to
JPMorgan Chase. Both AIG
and Bear Stearns had bought
and sold billions in swaps.
Industry officials, however,
have argued that while the total
amount of credit-default swaps
appears large, many of the con-
tracts offset one another. Many
players in the market hedged
their positions so if they had
bought protection in one trans-
action they would sell it in
another.


Yamaha Outboards

20% Discount Off


List Price


Harbourside Marine


NOTICE


The office of MMG Bahamas
Ltd. has relocated to:


Suite 102, Saffrey Square
Bank Lane & Bay Street


Please note that the telephone and
fax numbers remain the same


/
Legal Notice
NOTICE


ECUASUN INVESTMENT INC.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, ECUASUN INVESTMENT INC. is in dissolu-
tion as of November 4, 2008.

International Liquidator Services Inc. situated at 35A
Regent Street, P.O. Box 1777, Belize City, Belize is the
Liquidator.


LIQUIDATOR


4


PAGE 12B, THURSDAY, NOVEMBER 6, 2008


THE TRIBuo.-










THE TRIBUNE


THURSDAY, NOVEMBER 6, 2008, PAGE13B


S' Lot No. 181, Dorsetteville Bamboo Town
All that piece parcel or lot of land having an area of 5,000 sq
;.- ft, being lot # 181, of the subdivision known as Dorsetteville
Which is situated in the southern district of New Providence
located on this property is an approximately 25yr old single
family residence comprising of approximately 1,162 sq ft &
consisting of 2-bedrooms, 1-bath, kitchen, living, dining room
& carport. The land is on a grade and level; the site appears to
be sufficiently elevated to disallow the possibility of flooding
-.during heavy rainy periods. The grounds are fairly kept with
improvements of concrete parking area & concrete walkways
around the premises. The yard has chained linked fencing at the sides and back.

Appraisal: $149,016.00

Traveling East Street South, turn right at porky's service station [Victoria Blvd]. Take the 4th comer on the right (Raynell
Drive) the subject property will be the 4th on the left side.Painted white trimmed light agua.


Eleuthera Island Shores Subdivision LOT
NO. 1, BLOCK NO. 45,

SECTION E, ELEUTHERA ISLAND SHORES


) All that piece parcel or lot of land having an area of
9,644 sq. ft. being lot #1 in block 45, Section "E" in
the subdivision called and known as Eleuthera Island
Shores Subdivision, situated in the vicinity of Hatchet
i Bay Harboqr, on the island of Eleuthera, one of the
a ~ .islands of the Commonwealth of The Bahams. This
site encompasses a two storey building which is
approximately 14 yrs old and is abandoned. There is
a wooden landing approximately 7'-4" wide by 20'-0" on the upper level, approximately 1 ;610 sq. ft. of enclosed living
space, with 3-bedrooms, 2-bathrooms, front room, dining room, den, kitchen, and utility room. The wooden porch
on the upper level is approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities
and services available.
Appraisal: $151,007.00
This property is situated in Eleuthera Island Shores.


KENNEDY SUBDIVISION (NASSAU)
Lot No. 21 all utilities available 10 year old single story
house, 3 bedroom 2 bathroom, living room, dining area,
family room, kitchen; study, laundry and an entry porch.
Appraisal: $188,406,00
Heading west along Soldier Road take main entrance to
Kennedy Subdivision on the left, then take the 1st corner
on the left then 1st right, house is second on your right
with garage.


DUNDAS TOWN (ABACO)

3 two bed, 1 bath fourplex 9,000 sq. ft., lot no. 18b
with an area for a small shop. Age 12 years the land
is a portion of one of the Dundas Town Crown Allotment
parcels stretching from Forest Drive to Front Street,
being just under a quarter acre in size and on the
lowside. A concrete block structure, with asphalt
shingle roof and L-shape in design with a total length
of 70x26 ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
walls are concrete blocks, ceiling is sheet rock and
the floors of vinyl tiles.
Appraisal: $265,225.00


LOT NO. 12, BLOCK 3, MILLER'S HEIGHTS
All that lot of land having an area of 7,500 sq. ft., being lot
12, of the subdivision known and designated as Millar's
Heights, situated in the Southwestern district of New
Providence, Bahamas. This property is comprised of a 25
yr old single family residence consisting of approximately
2,375 sq. ft'of enclosed living space with three 2-bedrooms,
S 1-bathroom, living/dining rooms, and kitchen apartment
a ^,^ complex. The land is on a grade and level and appear to
be sufficiently elevated to disallow the possibility of flooding
during annual heavy rainy periods. The grounds are fairly
kept, with improvements including parking area, walking
pathway and low shrubs. The yard is enclosed with chain linked fencing at the back and southern sides.
Appraisal: $239,500.00
Traveling west on Carmichael Road, enter West Avenue, on the South side immediately after Topps Laundromat. Take
first right which is Wimpole St., go around the curve on the left which is London Avenue, traveling south on London
Avenue the subject property is the 9th building on the right before the T, Junction (high street) the subject building is
an L shape triplex, painted green, trimmed white.


WINTON MEADOWS (Lot No. 382)

-.. All that piece parcel or lot of land having an area of 8,30(r
S. . sq. ft. being lot No. 382 situated in the subdivision knov! i
as Winton Meadows, the said subdivision situated in thi
Eastern District of the Island of New Providence, Bahama,.
S" This property is comprised of a 24 year old single family
residence with an attached efficiency (formerly the carpol ;
consisting of approximately 2,675 sq. ft. of enclosed liv
area, front porch-198 sq. ft., back patio-380. The buildiht
is a two storey house. Besides the efficiency apartment, th,.
house is comprised of 3-bedrooms, 3-bathrooms, inclusi% "
of a master bedroom suite upstairs. Foyer, front room, dinin,
room, family room, powder room, utility room, breakfast
nook and kitchen downstairs. Climate control is provided
by ducted central air conditioning, with air circulation
enhanced by ceiling fans and other amenities. Quality of construction: Average. Standard of maintenance: Average. Effective
age: seven years (7) the land is on flat terrain; however the site appears to be sufficiently elevated to disallow the possibility
of flooding under normal weather condition, including annual heavy rainy periods. The grounds are well kept, with
improvements including neatly maintained lawns with flowering trees, and a concrete garden/storage shed, which is localcI
in the backyard. The yard is enclosed along the sides with chain-link fencing, and concrete block walls that are topped vi
metal railings, and metal gates at the front and back.
APPRAISAL: $365,000.00
Traveling east on Prince Charles Drive, pass the streetlight at Fox Hill Road until you get to Meadows Boulevard, turn nii i
onto Meadows Boulevard, go south and take the 4th left, then 1st right. The subject house is the 2nd house on the left :,..
painted beige trimmed white. "l


. .. '


Lot No. 186, Coral Harbour Waterways, Coral
Harbour

All that lot of land having an area of 12,150 sq ft, being lot #
186, of the subdivision known as Coral Harbour Waterways,
situated in the western district of New Providence. Located
on this property is a single family residence comprising of
approximately 2,482 sq. ft. of enclosed living space consisting
of 3-bedrooms with closets, 2 bathrooms, kitchen, living,
dining, family & utility rooms with office (loft), the residence
is also equipped with 2-car garage with electronic doors the
land is on a grade and level; the site appears to be sufficiently
elevated to disallow the possibility of floodifig during heavy


rainy periods.
Appraisal: $427,726.80
Take coral harbour road from the round about, htad straight toward the canal, take about the 3rd right, hopkins drive, the
subject property will be the 1st house on.the right side painted all white.



Lot No. 3 Yamacraw, Beach Estates
All that lot of land having an area of 10,000 sq ft, being
lot no. 3 in Yamacraw Beach Estates, in the said subdivision
situated in the eastern district of New Providence Bahamas.
Located on the subject property is a single-storey triplex
building comprising of 3 units with two 2-bedrooms, 1-
bathroom, living, dining, kitchen apartments unit and one
unit being used as a barber and beauty salon, the land
S ..is on a grade and level; however the site appears to be
Sufficiently elevated to disallow the possibility of flooding
During annual heavy rainy periods of the year.
Appraisal: $313,016.00
Traveling south on Fox Hill Road, go pass Yamacraw
Hill Road and Joe Farrington Road. The subject property is located on the left hand side of Fox Hill road painted
white trimmed brown.


Dorsetteville, Bamboo Town
Investment Opportunity Must Sell Lot No. 51
All that lot of land having an area of 5,000 sq ft, being lot no. 51,
.. .. of the subdivision known as Dorsetteville, the said subdivision situated
in the southern district of New Providence Bahamas. Located on
the subject property is a structure comprising of an approximately
:., '-il* 20yr old duplex apartment comprising of approximately 1,641
-" ".sq. ft. of 6ehclosed livingjspace which includes two 2-bedrooms, 1 -
... bath, kitchen, living & dining rooms units. and an approximately
? ..A- 9yr old one bedroom apartment building comprising of 382 sq.
g ft. with bath, kitchen, living/dining room. the land is on a grade
Stand level; the site appears to be sufficiently elevated to disallow
the possibility of flooding during annual heavy rainy periods of the
year. The grounds are fairly kept with improvements of concrete
parking area & concrete walkways around the premises. The yard is enclosed with chained linked fencing at the sides
and back.
Appraisal: $202,225.40
Traveling south on East Street from Soldier Road, turn right at Porky's Service Station [Victoria Blvd]. Travel pass the third
corner on the left, the subject property will be the 9th on the left side. Painted green trim white.


Investment Opportunity Must Sell Lot No.
t217 Pinewood Gardens Subdivision
All that lot of land having an area of 5,000 sq ft, being Lot
No. 217 of the Subdivision known as Pinewood Gardens, the
,- said subdivision situated in the Southern District of New
i Providence Bahamas. Located on this property is a structure
; ....comprising of an approximately 20 yr old single family residence
consisting of 992 sq. ft of enclosed living space with 3-
bedrooms, 1-bathroom, living/dining rooms, kitchen, drive
way and walk way. The land is on a grade and level and
appears to be sufficiently elevated to disallow the possibility
of flooding. The grounds are fairly kept and yard is open.
Appraisal: $127,988.00
Traveling south on East Street to the junction of Soldier Road, make a left at the light then turn right into Kennedy
Subdivision, go all the way to T-junction, turn right then first left then right again toward Mount Tabor Church building,
after passing Mount Tabor take first left sapodillaa blvd), the subject house is about 400 yards on the right painted yellow
trimmed green, with green and white door.


ELEUTHERA LOT NO. 90-D, LOWER BOGUE
All that piece parcel or lot of land containing 42,616 sq..ft. and being Lot # 90-D on a survey plan situated in the settlement of Lower Bogue on the island of Eleuthera,
this site encompasses a commercial building consisting of a restaurant and disco that is approximately 13 yrs old, with a total sq. ft. of approximately 4,852.12, which
includes male & female rest rooms, stage area, 2-dressing rooms, dining room, commercial kitchen and storage improvements also includes a 660.4 sq, ft, front veranda,
752 sq, ft, concrete walk-ways, and 192 sq, ft, back porch. This building is central air-conditioned.
Appraisal: $490,671.00
This property is situated on the western side of the main Eleuthera Highway & approximately 2,219 ft. northerly of Four-For-Nothing Road, in the settlement of Lower
Bogue North Eleuthera. All utilities and services available.


MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or lot of vacant land containing 44,714 sq. ft., and designated "E" which forms a portion of land known as "Mutton Fish Point" situated about two miles northwestward of the settlement of Gregory Town on the island of
* Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded .and abutting as follows:- Northwardly by the land now or formerly the property of Coridon Limited, and running thereon for a distance of 393.13 hundredth ft.;
outwardly by a 30' wide road reservation and running thereon for a distance of 402.57 hundredth ft; eastwardly by the main Queen's Highway and running thereon for a distance of 109.73 hundredth ft; westwardly by land now or formerly the
property of Caridon Limited and running thereon for a distance of 110.75 hundredth ft. this property having an area of approximately 44,714 sq. ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has
a topography of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,421.00


ISLAND HARBOUR BEACH, EXUMA
All that parcel or lot of vacant land containing 10,000 (80'X 100') sq. ft. being Lot No. 9, Block 2, Island Harbour
- Beach Subdivision situated the western most portion of the Hermitage Estate, Little Exuma Bahamas. The
property is located on an unpaved road known as Stocking Road. The property also has a commanding view
of the ocean:
Appraisal: $80,000.00


RAINBOW SUBDIVISION LOT NO. 3, BLOCK 27
All that vacant lot of land having an area of approximately 14,052.59 sq. ft. being lot no. 3, block 27, section
b, of Rainbow Subdivision with residential zoning. This property is bounded about 103.44 ft north by Queens
Highway, and 137.02 ft. East and about 99.94, ft south of Rainbow Hill Circle. 139.91 ft West. All utilities and
services available.
Appraisal: $40,328.00



MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement
of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is
bounded and abutting as follows:- Northwestwardly by the main Queens Highway and is running thereon for a
distance of 125.462 feet northwestwardly by the land now of formerly the property of Coridon Limited, and
running thereon for a distance of 390.274 hundredth ft.; southwestwardly by a 30' wide road reservation and
running thereon for a distance of 128.128 hundredth ft; southeastwardly by the land now or formerly the property
.of the Venor and running thereon for a distance of 322.955 hundredth ft. This property having an area of
'approximately 44,847.76 sq. ft. This neighbourhood is zoned commercial development and is quiet and peaceful
with a topography of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,421.00
This lot is vacant land and is located in the area known as "Mutton Fish Point"


LOT NO. lOB, PALMETTO POINT
All that piece, parcel or lot of vacant land containing 9,000 sq. ft., and being Lot No. 10B situated North of
Ingraham's Pond and Eastwardly of North Palmetto Point, on the island of Eleuthera, one -' .he islands of the
Commonwealth of the Bahamas, and is bounded and abutting as follows:- on the north by Lot-No. 3B and
running thereon for a distance of (90) ft; on the East by Lot No. 11 B and running thereon for a distance of (100)
ft; on the south by a 20' wide road reservation and running thereon (90) ft on the west by Lot No. 9B running
thereon for a distance of (100) Ft, the said Lot is overgrown with shrubs and is in close proximity of a white sandy
beach. This neighborhood Is zoned residential development and is quiet and peaceful with a topography of
approximately 50ft and because of this there is no danger of flooding. The area is approximately 80% developed
with all utilities and services available.
APPRAISAL: $72,000.00




MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or lot of vacant land and improvements containing approximately 44,587 sq. ft. and
designated "F" which forms a portion of land known as "Mutton Fish Point" situated about two miles northwestward
of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The
Bahamas, and bounded and abutting as follows:- Northwardly by the land now or formerly the property of
Coridon Limited, and running thereon for a distance of 383.56 hundredth ft; southwardly by land now or formerly
the property of Caridon Limited and running thereon for a distance of 393-19 hundredth ft. eastwardly by the
main Queen's Highway and running thereon for a distance of 113.40 hundredth ft. westwardly by land now or
formerly the property of Coridon Limited and running thereon for a distance of 113.40 hundredth ft. this
neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a topography of
approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,276.00


INVF TMEN-T OPPORT NITY


MISCELLANEOUS PROPERTIES THE TRIBUNE,
November 6,2008


For conditions of sale and other information contact
Philip White @ 502-3077 email pbilip.white@scotiabank.com or Harry Collie @ 502-3034 email harry.colIie@scotiabank.com Fax 356-3851









-PAGE 14BTHURSDAYNOVEMBER 6, 2008


THE TRIBUNE


, ,2i
0.-Sm


Lot #4 Jackfish Drive, Golden Gate #1


Lot #314, Jamaica Avenue, Elizabeth Estates


Lot No. 7, Dick's Point Subdivision
All that lot of land having an area of 17,555 sq ft, being lot # 7, of the subdivision known as Dick's Point Subdivision, situated in the eastern district of New Providence.Located
on this property is a 40 yr old 1 storied residence comprising of approximately 3,368 sq. ft. of enclosed living space consisting of 4-bedrooms 3-bathrooms, living, room, foyer,
dining room, family room, kitchen, laundry & utility room. special features; stepped-up master bathtub with coral stone facing on wall, marble tiles in foyer & open beam
timbered living room ceiling with octagonal window in living room. The building appears to be structurally sound but is only in fair condition with additional repairs needed. Also
located on this property is a 2-storey building under construction which is about 60% complete. This building will comprise 2-bedrooms, 2-bathrooms, living-dining & kitchen
with an enclosed floor area of 2,073 sq. ft. & a 1-storey guest apartment building also under construction which is 65% complete & comprising of 1-bedroom, 1-bath, living-
dining room & kitchen, their is also a 2nd guest apartment with 1-bedroom & 1-bathroom, floor area is approximately 1,225 sq. ft. of living space. Landscaping includes a grass
lawn. other improvements consist of patios partially bordered with concrete walls, boat ramp, reinforced seawall, & boundary enclosures which includes concrete walls.
Appraisal: $645,000.00
Heading east going pass the Montaqu Ramp, take the 1st corner left with sign saying Dick's Point. Go around the bend & the property will be the 2nd on the left painted white
trim white with splash of green in certain areas.


HAMILTON'S, LONG ISLAND
All that piece parcel or lot of land and
improvements situated in the settlement of
Hamilton's in the Island of Long Island, and
comprising of approximately 13,547 sq. ft. and
S' is elevated approximately 7-8 ft above sea level.
"' 'i This site encompasses a 35yr structure. A simple
style home consisting of two bedrooms, one
f. bathroom, kitchen, living and dining room. the
home however is consisted of 2 separate
S' constructions; 613.60 sq. ft of concrete
construction and 624 sq. ft of wooden construction
all amenities are to the property such as electricity,
water, cable and telephone.

Appraisal: $67,000.00.
The property is accessed by the. main Queen's Highway.


LOT NO. 359, ELIZABETH
ESTATES


... All that lot of land being Lot No. 359,
in the subdivision known as Elizabeth
Estates situated in the eastern district of
- -New Providence, Bahamas & having an
area ofapproximately 5,000 sq. ft. located
T -:_ on the subject property is a 22 year old
.. single family residence comprising of
.. .- approximately 871 sq, ft of enclosed
living space consisting of 3-bedrooms,
.1-bathroom, living, dining, kitchen &
laundry room. The land is flat but appears
to be sufficiently elevated to withstand the annual rain fall. The property is landscaped & contains low
shrubs, flowering & fruit trees

Appraisal: $123,425.00
Travelling east on Prince Charles Drive, turn through the main entrance into Elizabeth Estates -
Commonwealth Blvd, travel all the way to Thelma Gibson Primary School & turn right St. Vincent
Ave. the subject property will be located on the next comer on the right side of Jamaica Ave & St. Vincent
Avenue painted all white.


Lot No. 3, Block 8, Derby Subdivision Freeport
All that lot of land having an area of .26 acres, being Lot # 3, Block 8, Unit 3, of the subdivision known
as Derby Subdivision, situate on the Island of Freeport, Grand Bahamas.
Appraisal: $65,000.00
This property is located on Henny Terrace & about 500 yards from Casuarina Drive & 150 yards from the
Queens Highway. All service & utilities included. The subdivision is zonned as single family residential.


LOT NO. 6, BLOCK 2; MILLARS HEIGHTS
All that lot of vacant land having an area of 16,000 sq ft, of the subdivision known and designated as Millars Heights,
the said subdivision situated in the southwestern district of New Providence, Bahamas. This property is zonned multi
family / single family. The land is on a grade and level; however the site appears to be sufficiently elevated to disallow
the possibility of flooding during annual heavy rainy periods of the year.

APPRAISAL: $355,000.00
Travelling west on Carmichael Road after passing Bamboo Shack and East Ave, make a left turn onto West Ave. The
subject property will be on the left handside of the street enclosed with chain link fencing just before Wimpole Street




Lot B, Wilson Street, Rock Crusher
All that lot of land having an area of 10,498 sq ft, being lot B, between the subdivision known as Rock
Crusher and in the vicinity of Perpall Tract situated in the western district of New Providence, Bahamas.
This property is zoned multi family/single family. Also located on this property is a structure comprising
of a duplex at foundation level under construction, and consisting of approximately 1,566 sq. ft. of enclosed
living space with a patio consisting of 270, sq. ft. the starter bars are in place and foundation poured.

Appraisal: $97,214.00
Traveling West on Farrington Road take a right after the P.L.P. headquarters, go about midways
through to Wilson Street, go though the corner all the way to the dead end. The property is located
behind the chain linked fence at the back of the yard.


NORTH ELEUTHERA HEIGHTS (ELEUTHERA)
Lot #20 approximately 11,200 sq. ft., and bounded on Nortli by Early Settler Drive and South by Deal
Investment Ltd., this is a single family zoning and 50 ft., above sea level. This site encompasses a foundation
with plumbing and roughing inplace and well compacked quarry fill. The concrete floor has not been poured
as yet. The foundation is 2,511 sq. ft. Lot #20 situated 1.5 miles east wardly of the Bluff Settlement. The
said lot is vacant and a hill over looking the Atlantic Ocean.
Appraisal: $41,275.00


ILOT LOCATED STELLA MARIS,
,. ""'".... -'-- - ...LONG ISLAND

All that lot of land having an area of 30,000 sq
ft, more or less, having a 150 ft of road frontage
' & running back 200 ft at its most is located
within the Stella Maris Subdivision in North
S' :'1ii'_ Long Island .one of the Island of the
Commonwealth of The Bahamas. Located on
-- 'E 2.- -this property is a 6yr old split level residence
consiting of approximately 3,058 sq. ft. of
enclosed living space with 2-bedrooms, 2-
bathroms, living, dining & tv rooms, kitchen & breakfast room, also a garage which serves as a laundry
room. There is also attached to the home a 10,000 gallon rain water holding tank & 1,202 sq ft of tiled patio.

Appraisal: $658,000.00


(LOT NO. 62, LOWER BOGUE)
ELEUTHERA


SAll that piece parcel or lot of land and
improvements, in the settlement of Lower Bogue,
BB.+.*. ".. North Eleuthera, being No. 62, comprising of
about 34,210 sq. ft., this site encompasses a 12
year old single storney home comprising of 4
S -.. bedrooms, 3 bathrooms, front room, dining,
S ,. breakfast room, kitchen and laundry room, with
'Z;- a total living area of approximately 2,342.06.
Property also includes a double car garage, and
J, front entrance with a total sq. ft. of approximately
655.75. This home is approximately 85% completed. The property is well landscaped with crab grass, fiascos
and some fruit trees.

Appraisal: $229,426.00
This property is situated on the western side of Eleuthera Highway in the settlement of Lower Bogue.


BLACKWOOD, ABACO
All that lot of land having an area of approximately 258,064 sq. ft. This property is yet to reach its highest and best use.
It is ideally suited to single or multi-family development as is the nature of surrounding properties within the community.
The site may also serve well as a commercial site as the area remains un-zoned the property remains largely in its original
state. It is covered with low brush and broad leaf coppice vegetation intersperse with broad strands of mature Yellow
Pine indigenous to the area. The property is well drained and represents no immediate flooding danger under normal
conditions.


Lot No. 1010 # 1011, Pinewood Gardens Subdivision

All that lot of land having an area of 10,000 sq ft, being lot # 1010 & 1011, of the subdivision known as
Pinewood Garden, situate in the southern district of New Providence, Bahamas. Located on the subject
property is a foundation of a proposed structure. the land is on a grade & level; however the site appears
sufficiently elevated to disallow flooding during heavy rainy periods.
Appraisal: $140,000.00

Travelling from East Street south, take Sappodilla Blvd then turn onto Pigeon Plum St heading south, the
subject property is located on the corner of Pigeon Plum & Cordia Street

Lot No. 1036 Garden Hills Estates
All that lot of land having an area of 5,989 sq ft, being Lot No. 1036 of the subdivision known as Garden
Hills Estates, a said subdivision situated in the southern district of New Providence, Bahamas. This property
is vacant land and is zonned residential single family. The subject property is severely sloping downwards
Appraisal: $65,000.00
Travelling west on the East West Highway, take the 2nd entrance left into Garden Hills Estates next to Hillside
Mission Baptist Church, travel up the hill on Edelweis Ave to Orange blossom ave. mak a right on orange
Blossom Ave & the subject property is the 2nd on the left side.


Eleuthera Lot No. 15, North Palmetto Point
All that piece parcel or lot of land containing 22,316 sq. ft. being a portion of a 25.166 acre tract "A" &
being lot # 15 in a development known as Spanish Main situated in the settlement of Palmetto Point on
the Island of Eleuthera, one of the Islands of The Bahamas. This area is complete with all utilities and
services available.
Appraisal: $65,832.00

This property is situatedat Spanish Main just off the Bank Road North Palmetto Point South Eleuthera
district.

Lot B, Marigold Farin Road Allotment 67

All that lot of vacant land having an area of 1,173 acres and being referred to as the plot. the property is lot No. B and
is situated on Marigold Farm Road in the area known as Allotment 67, a subdivision situated in the south eastern district
of New Providence liutmnas. This property is zoned multi family.
Appraisal: $290,000.00
Traveling from Joe Farrington Road onto Marigold Farm Road heading south. The subject is th 2nd to last property
on the left hand side of the road near the pond.


A For conditions ofEsaleaoer informationpcontact
Philp Wite@ 52-377 mai ph I pfwitelsco iabn]Hfof aryClle@50-04 milhry.clI esotaa k om a 3635


how lll'












INVESTMENT OPPORTUNITY





m i m ----


No. 17 WESTRIDGE
^ ....,.....,...... ... ..-,,. ..........


ESTATES


14


Appraisal: $930,000.00
All that lot of land having an area
of 30000 square feet, being lot
Number 17 of the subdivision.
known as Westridge Estates
Addition. Situate in the Western
: District on the island of New
Providence.
Located on the subject property is
a newly con-structed single storey
structure comprising 6,000 feet of
living space with a three Car
Garage.


The building is 75% completed and comprises five bedrooms, four and a half baths
study, living/dining, family room, kitchen, laundry and generator room.
Location: From SuperValue West Bay, take the road heading west into Westridge, take the first
corner on the Right, Westridge Drive. Subject property will be about the seventh on the right
hand side of the road.

Lot No. 21 B FRASER ALLOTMENT
OFF SOLDIER ROAD Appraisal: $303,000.00
The subject property
S, consisting of 8,400
S' square feet is
... developed with a split
Leveled home with 1925
ent g n square feet of floor area
on the ground floor, a
porchh area of 437
.- square feet and second
rc . e floor area of 735 square
Vo Feet. The building is of
-- sound construction
and completed in its
entirety. The ground floor comprises 2 bedrooms, one bath, a kitchen, dining and
family room. The second floor, comprises two bedrooms, one bath, living and
dining areas.
Directions to property: Heading East on Soldier Road, turn left onto first paved road opposite
Lowes Wholesale, 2nd to last house on the road with chain linked fence.


Lot 238 SUN CLOSE
SUNSHINE PARK
Located on this 4,200 square feet
single/multi family property is a
20-year-old building of T-111 wood
with concrete floor, consisting
approxi-mately 2,198 square feet "
of enclosed space. The structure ::
was formerly used as a retail
store and storage facility.
Directions: From Golden Gates '
Shopping Centre, Baillou Hill Road.
Take the third corner on the Right after
passing Farmer's Market. Take the
second Right then First right (Sun Close)
Right white trimmed black.


LOT #1440 GOLDEN GATES


Appraisal: $136,000.00


Er-i


subject is the fourth property on the


Appraisal: $335,000.00


Located on this 6,000 square feet
S mem property is a split level single family
S.. dwelling comprising four bedrooms,
two and a half bathrooms, living and
dining rooms, kitchen and TV room.
Attached to the main house is two
one bedroom apartments.
Directions: Take Carmichael Road heading west, turn corner opposite BFM Church, Cedar
Way, then take first corner on the right, Tangerine Street Subject will be about the second on
the right.hand side of the road.


Lot 62 YAMACRAW
SHORES SUBDIVISION
The property is rectangular in
shape and is approximately 70
by 106,57, a total area of
7,459.9 square feet.
Located on the subject property
is a structure comprising a
newly constructed single family
residence, consisting of
approximately 2,424 square feet
of enclosed living space. The
space consist of three
bedrooms, with closets, two


Appraisal: $343,000.00


bathrooms, kitchen, front room, dining room, family room, study,
utility room and garage.
Directions: From Fox Hill Road take Yamacraw Hill Road turn right onto
Yamacraw Shoes Drive, take first corner left and then first right, subject will
be about the 13th property on the left hand side of the road.


#7 MALCOLM ROAD
Lot 18, House #7, Malcolm Road
West having an area of 5,000
square feet, Existing thereon is
a 40-year-old split leveled
residence divided into five (5)
one bedroom, one bathroom
apartments, four located on the
main floor and one on the upper
portion is made of durock and is
about 50% complete. The
building is in fair condition and
is in serious need of
maintenance,


Appraisal: $156,747.50


Directions: From Baillou Hill Road heading South pass S.C. McPherson
School, take Malcolm Road heading East. Pass the first corner on the left to
House #7 painted white trimmed green.


Lot 20 COOPER'S TERRACE
OFF KEMP ROAD


Appraisal: $91,000.00


The property has a total .,, -
area of approximately -
4,550 sq. ft. Located on the V
subject property are 2
structures. Building 1
comprise an approximately .
25-30 year old single family
residence consisting of
approx. 937 sq. ft. of living
space with 3 bedrooms
with closets, 1 bathroom,
living, dining, kitchen and
porch.
Building 2 comprises a single storey building of poured concrete
foundation approximately 20 years old. Floors are tiled; ceilings are sheet
rock with standard plumbing and electrical fixtures. The building appears to
be occupied as a residence having an area of approximately 283 sq. ft.
DIRECTIONS: Take Kemp Road heading north, turn left on to Cooper's
Terrace go about midway through, subject will be located on the left hand
side of the road.

FAMIYSANDS


PARCEL OF LAND, PALMETTO POINT
ELEUTHERA


Appraisal: $112,105,00


All that piece, parcel or lot of
S-- -- ..'--: land 2,743 feet East of the
'~-~j'. junction of the Palmetto Point
road and main Eleuthera
,. Highway containing 2.45 acres.
This site encompasses a 28-
l:-, .- year-old single storey concrete
structure of approximately 832
|J,,.._ square feet of enclosed floor
....- .. space inclusive of shop space
and rest room facilities.


ELEUTHERA
Lot #115 GOVERNMENT SUBDIVISION
ALICE TOWN, HATCHET BAY


,- *





Located on this property of 5,500 square' feet is a 20-year-old
single family residence of approximately 1,635 square feet of
living space. Included in this home is three bedrooms, two
bathrooms, living, dining rooms and kitchen. The house is in need
of repairs.


EXUMA
CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION Appraisal: $673,075.00


The subject property is located on Kinway Road and is
developed with an area of 20,000 square feet. Situated thereon is
a residence comprised of 3,645 square feet of living
accommodations, inclusive of 4 bedrooms, 2 baths, with laundry
and utility spaces and a two bedroom one bath guest cottage of
600 square feet. The property is fenced with white picket fencing
and has a Gazebo at the highest portion of the property.


EXUMA
BAHAMA SOUND #18
Lots 17663; 17664, 17665
The subject property is being
developed with a single family
split level residence of CBS
construction with 1956 square
feet of living space. The top
floor comprises 1496 square
feet and the lower floor
comprises 460 square feet. All
plumbing and electrical rough


Appraisal: $220,180.00


O F ... ..
.^ ^-^.- j


work has been completed. The block work is complete
bottom floor with a portion of the upper floor completed.


FO CNDTINSOFSAE NDANSOHE IFOMAIO CNTCT


THE TRIBUNE


THURSDAY, NOVEMBER 6, 2008, PAGE15B


************* ** ***************


I









PAGE 16B,_THURSDAY, NOVEMBER 6, 2008 THE TRIBUNE


INVESTMENT OPPORTUNITY


Lot 23A, Block KN, John Wentworth Avenue,
BAHAMIA NORTH SUBDIVISION
FREEPORT GRAND BAHAMA Appraisal: $718


Unit 1

,000.00


^ ... ,,- ,.

Located on this Multi. Family lot of 23,564 square feet are two incomplete
buildings. Single story Triplex of 3,502 square feet inclusive of Living and
dining are<; with full service kitchen three bedrooms inclusive of Master
bedroom and two bathrooms per unit.




Lot No. 37 BLOCK 33, CHURCHILL COURT,
BAHAMIA MARINA & BAHAMIA 4 SUBDIVISION,.
FREEPORT, GRAND BAHAMA Appraisal: $337,000.00







- J. .--- -,- ,-_ *. .
All that lot of land having an area of 16,533 sq, ft. being lot No. 37 of the
subdivision known and designated as Bahamia Marina and Bahamia Section
4 Subdivision, Freeport, Grand Bahama. Located on this property is a
structure comprising a 3 year old duplex structure which covers
approximately (3,058) square feet. Apartment consisting.of two 2-bedrooms,
2-bathroom with private Jacuzzi in master bath, spacious living and dining
room, full service kitchen, a laundry and utility room, foyer/hallway with linen
and storage closet. The property is fully secured by six foot plastic coated
chain-link fence runs along the side and rear and adjoins the painted 4 foot
wall, with 5 foot pillars at front with electronic gate.


Lot 96 HUDSON ESTATES


Appraisal: $116,190.00


-... : *' :' '. low.


'4


Located. on this 72x102 feet property is a 16 years old single
family dwelling comprising 1,490 square feet of living space. This
includes, a living, dining and laundry room, kitchen, three
bedrooms, two bathrooms, a garage and entrance porch.


Lot 7 Block 8 BAHAMIA SECTION IV
FREEPORT, GRAND BAHAMA A
Located o!n the property of 1,08 acres
that has been zoned for multifamily
development are four buildings: A, B, t
C and D. Houses A and B are
positioned along the road and they
face each other. Houses C and D are .
located to the rear of the building and
are facing each other. The
constructions of Houses A and B are
just about completed, houses C and D .
are incomplete. The lot is enclosed
with chain linked fence except along
the front where a concrete wall is
erected, A concrete driveway (also
i-used for p irking and about the centre
*f the lot leads from the road and
un thrOL gh the middle of the yard
separatinc House A and B ....

Each building contains a total area of
two thousand and seventy-two (2,072)
square feet. Inclusive of the entrance
porch with an area of 182 square feet.

Each house contains an entrance
porch, living and dining rooms and .'p
kitchen, three bedrooms, two
bathrooms, a laundry area, adequate
-storage ar d closet space.


appraisal: $799,560.00


i~I


Tom I


Lot 14, Block 11
DERBY SUBDIVISION, FREEPOR-


Lot 1, Block 8, SEA HORSE VI
REEF YACHT & COUNTRY
FREEPORT GRAND BAHAMA


T Appraisal: $112,680.00
Lot 14, Block 11 Derby
Subdivision. Located on the
subject property of 11,250
square feet, is an incomplete
single storey single family
house of approximately 1,008
square feet of enclosed living
space. The space consist of
one bedroom, one bathroom,
living, dining, kitchen, There
are porches at the front and
rear entrances.


LLAGE, BAHAMA
CLUB SUBDIVISION
Appraisal: $290,000.00




.... f
~ -- -


. 4 4 t + + il, . .. .


Situated on this property of 12,500 square feet is a 36-year-old
quadroplex apartment building containing two 2 bedrooms and 2
bathroom units and two 1 bedroom, one bathroom units. Each unit
contains foyer, living and dining area, laundry and kitchen.


.................. .*............


Apt. 101 FAIRWAY MANO
FREEPORT GRAND BAHAM


R CONDOMINIUMS
A Appraisal: $62,000.00
.we


S: ,..y ^ .

.,... ......*.-.; ..o,.. ..y:'*
. -:, . '
..


The unit is a one bedroom unit consists of a living and dining room,
bedroom, kitchen, and bathroom. There is a laundry room facility on
each floor, a common swimming pool, and fencing with an electronic
gate securing the perimeter of the grounds. The rear boundary of the
subject building is the Ruby Golf Course. The total living area is
approximately 897 square feet.







APT 402 FAIRWAY MANOR CONDOMINIUMS
FREEPORT GRAND BAHAMA Appraisal: $62,000.00


WqL


The unit consist of two bedrooms, 2 bathrooms, Lot 4, Block GN.
Edward Birch Court, Bahamia North.


Lot 12B, Block LN, Unit 2
BAHAMIA NORTH, FREEPORT


Appraisal: $54,000.00


The property is located on Cadwallader Drive and has an area of
approximately 24,001.56 square feet. It is multi-family zoned.


OR CONDITIONS OF SALE AND ANY OTHER-INFORMATION CONTACT:
HARRY COLLIE 502-3034 E-mail harry.collie0scotiabank-com or
PHILIP WHITE P 502-3077 E-mail phi lipwhite0scotiabank.com
Sendb Fax: 356-3851 or P. 0. Box N-7518 o Rosetta Street, Nassau, Bahamas,-


4


S "


MUST SELL


FREEPORT FREEPORT


PAGE 16B, THURSDAY, NOVEMBER 6, 2008


I


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, '+'- 'z" '- y-r 7"T-




. ., .. ,-',., :: !:"


W. 4.,-. ....,


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THE TRIBUNE


, . l !
,.. '., .
" J'r
21bU-


.,** .. 40S
OVAi ^s


^te^i












INVESTMENT OPPORTUNITY




MUST SEL


Lot 12 Block 13 Unit 2
GREENING GLADE
FREEPORT, GRAND BAHAMA


Located on this .35 of an
acre property is a sixteen-
year-old single family
residence comprising four
bedrooms, two bathrooms,
living, dining, storage, utility
and laundry rooms;ithere is a
foyer, kitchen and den. The
total area of living space is
3,016 square feet.


Appraisal: $254,355.00


I ..~ ~,* -
~ .j ~
4


Lot 188 SCOTT AVE, EAST SECTION 1 SUBDIVISION,
FREEPORT, GRAND BAHAMA Appraisal: $140,000.00
The subject lot 'is
approxirriately 12,322 square
feet. Situated on this
..... . property is a single story
single family dwelling of
2,800 square. feet of living
space. This includes a small
a-u-.r t front porch, a large foyer, a
.. sunken living room with
. fireplace and chimney, a
W.dining area, a full service
Kitchen, a family room with
adjoining laundry and
storage room. A hallway with linen closets, a hallway bathroom. Three
auxilIary bedrooms with closets and a master bedroom with walk-in
closet and private bathroom,




Apt 9, VILLA MARTINIQUE CONDOMINIUMS
FREEPORT GRAND BAHAMA Appraisal: $125,000.00


The unit is a one bedroom flat consisting an open area living and
dining room, bedroom, kitchen, linen closet and bathroom. The total
living area is approximately 660 square feet. The porch has an area of
approximately 75 square feet.


Lot 36 SUNRISE PARK SUBDIVISION,
FREEPORT, GRAND BAHAMA Appraisal: $95,000.00


_... . .,
-<'f . . .. :. .':., a'


II


a. .w


The property has a total area of approximately .28 acres or 100 by 125
feet. Located on the subject property is a Duplex apartment building,
Apartment 36 A contains a total of approximately 1,526 sq. ft. of living
space. The space consist of 3 bedrooms, 2 bathrooms, kitchen, living
room, dining area, a den and laundry area.


Lot 13, Block 11, DERBY SUBDIVISION
FREEPORT GRAND BAHAMA Appraisal: $180,300.00


Lot 13 fronts along the northern side of Henny Road at the end of the
cul-de-sac. Its configuration has four unequal sides. The rear
boundary is along the canal. The front boundary has a curvilinear
road frontage of 45 feet. The rear boundary (canal frontage) with one
point of inflection has a total length of 165 feet. The western side
boundary has a length of 146 feet and theeastern side a length of
125 feet. These dimensions result in an area of .32 acres,
Erected on this property is an incomplete building of a proposed
single storey house. The living space is approximately 3,228 square
feet; inclusive of foyer, living and dining rooms, kitchen, breakfast
nook; four bedrooms, three bathrooms, powder room, den, laundry
area, study and ample closet and storage space.

"'""""'""'" """"'""eleeolo


Lot 290 CARAVEL BEACH
FREEPORT, GRAND BAHAMA


Appraisal: $318,000.00


The property has a total area of approximately .28 acres or 100 by 125
feet. Located on the subject property is a single storey.single residence
of a total area of approximately 3,354 sq. ft. of living space. The space is
divided into two 1 bedroom units comprising a bedroom, walk-in closet, a
bathroom, kitchen, a great room, a dining room and a small entrance
porch.
The three bedrooms unit comprises three bedrooms, two bathrooms,
kitchen, living room, dining area, study, family room, laundry area and a
small porch area, (The master bedroom contains a Jacuzzi tub, a shower
stall, a water closet and lavatory.




Lot 4 Block U BAHAMIA SECTION 1
FREEPORT, GRAND BAHAMA Appraisal: $348,721.00


The property has four unequal
sides for a total area of
approximately .38 acres.
Located on the subject
property is a split leveled .
structure comprising
approximately 4,427 square
feet of enclosed living space.
The space consist of five -"-
bedrooms, three bathrooms,
kitchen, living room, dining,
area, two Bahama rooms, a double car


garage and.laundry area,


DERBY
UNIT 3, BLOCK 10, LOT 11 (CANAL LOT)
FREEPORT, GRAND BAHAMA Appraisal: $96,000.00
All that piece, parcel or lot land being Block 10, Lot 11 of Derby
Subdivision. The land is vacant, rectangular in shape, on level ground
and is on a canal, Contains approximately 11,250 sq. ft. and is in a
single family residential area.


HE TRIBUNE


THURSDAYNOVEMBER 62008, PAGE17B


FOR CONDITIONS OF SALE AND ANY OTHER INFORMATION CONTACT:

HARRY COLLIE @ 502-3034

E-mail harlry.colIie@scotiabank.com

or

PHILIP WHITE @ 5-02-3077

E-mail phi I ipwhite@scotiabank.com

Send bids to Fax: 356-3851 or P. 0. Box N-7518 Rosetta Street, Nassau, Bahamas


:..- A,. ...
*:, .. *L ,


I -.

. .-, ~ : .








PAGE 18B, THURSDAY, NOVEMBER 6, 2008

INERATIOALBSNS


THE TRIBUNE


Insider trading suspect flees


of operating a $6.7 million insid-
er-trading ring is missing and
may have fled the United
States, a lawyer for the Securi-
ties and Exchange Commission
said late Monday.
The analyst, David Pajcin,


Legal Notice



INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

VALLIVUE HOLDINGS 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), VALLIVUE HOLDINGS LIMITED is in Dissolu-
tion."

The date of commencement of dissolution is the 29th.day of
October, 2008.

Justine Mary Wilkinson
1st Floor, 17 Bond Street
St. Helier, Jersey
Channel Islands, JE2 3NP
Liquidator


Legal Notice

NOTICE
GREENERY INTERNATIONAL LTD.






Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act 2000, the
dissolution of GREENERY INTERNATIONAL LTD.
has been completed; a Certificate of Dissolution has been
issued and the Company has therefore been struck off the
Register.





ARGOSA CORP. INC.
(Liquidator)


*- Legal Notice

NOTICE


ALEX GOODMAN INTERNATIONAL INC.




Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act 2000, the
dissolution of ALEX GOODMAN INTERNATIONAL
INC. has been completed; a Certificate of Dissolution has
been issued and the Company has therefore been struck off
the Register.


ARGOSA CORP. INC.
(Liquidator)


who cooperated with the fed-
eral government in the crimi-
nal prosecution of the ring, has
violated his parole, the lawyer,
Scott L Black, wrote in a letter
to a federal judge in Manhat-
tan. The US attorney's office


and Pajcin's criminal lawyer
believe that he fled the coun-
try, Black wrote.
It is the latest twist in one of
the strangest white-collar crimes
of the last few years. Pajcin and
a former Goldman colleague,


LEGAL NOTICE

RED VALLEY (BAHAMAS) LIMITED
International Business Companies Act
(No.45 of 2000)
In Voluntary Liquidation

Notice is hereby given that in accordance with Section 138
(4) of the International Business Companies Act (N 45 of
2000), RED VALLEY (BAHAMAS) LIMITED is in dis-
solution. Panamerican Management Services (Bahamas)
Ltd. is the Liquidator and can be contacted at Marlborough
& Queen Streets, PO. Box N-10429, Bahamas. All persons
having claims against the above-named company are required
to send their names, addresses and particulars of their debts
or claims to the Liqudator before 4th day of December, 2008.



PANA$RKC N MANAGEMii T
SERVICES (BAHAMAS)LUD,
Liquidator




Legal Notice
NOTICE

FLORAL GARDEN LTD.
(In Voluntary Liquidation)



Notice is hereby given that the above named
Company is in dissolution, which commenced on
the 12th day of September 2008. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.







ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE


LOTS ENERGY INVESTMENT LIMITED

-A


Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of LOTS ENERGY INVESTMENT LIM-
ITED has been completed; a Certificate of Dissolution has
been issued and the Company has therefore been struck off
the Register.





ARGOSA CORP. INC.
(Liquidator)


Eugene M Plotkin, were con-
victed of operating an insider-
trading ring that spanned an
ocean and sought to trade on
information obtained illegally
from three sources, including a
Merrill Lynch research analyst
and a postal worker serving on
a grand jury.
In his letter, Black said that
Paul G Lieber, Pajcin's civil
lawyer, had been unable to
reach his client. Lieber said in
an interview that he had not
seen or spoken to him in three
years.
Jesse M Siegel, Pajcin's for-
mer criminal defense lawyer,
confirmed that he himself had
spoken with the SEC, but said
that he had not been in contact
with his former client since Jan-


uary. He said he was unaware
of Pajcin's whereabouts.
Pajcin has relatives in Croat-
ia, including Sonja Anticevic,
who is named as a defendant in
the SEC's case.
Black declined to comment.
Pajcin traded in several
accounts, including those of his
girlfriend and Anticevic, his
aunt. He and Plotkin were also
accused of passing information
to others, including Plotkin's
father.
Plotkin pleaded guilty and
was sentenced to prison.
Pajcin pleaded guilty to insid-
er trading and conspiracy in a
criminal case.
The SEC is pursuing a judg-
ment against him, Black wrote
ifi the letter.


Legal Notice

NOTICE

CARIGNAN ADVENTURES LTD.






Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act 2000, the
dissolution of CARIGNAN ADVENTURES LTD. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the
Register.





ARGOSA CORP. INC.
(Liquidator)


Legal Notice

NOTICE
DELIBOZ VENTURES S.A.






Notice is hereby-given that in accordance with Section.
138 (8) of the International Business Companies Act 2000,
the dissolution of DELIBOZ VENTURES S.A. has been
completed; a Certificate of Dissolution has been issued and
the Company has therefore been struck off the Register.







ARGOSA CORP. INC.
(Liquidator)


Legal Notige
NOTICE

THE TOPIARY INVESTMENTS LTD.
(In Voluntary Liquidation)



Notice is hereby given that the above named
Company is in dissolution, which commenced on
the 4th day of November 2008. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.







ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE


CORPORATION STELLA INC.




Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act 2000, the
dissolution of CORPORATION STELLA INC. has been
completed; a Certificate of Dissolution has been issued and
the Company has therefore been struck off the Register.







ARGOSA CORP. INC.
(Liquidator)


* By MICHAEL J. de la
MERCED
c.2008 New York Times
News Service

A FORMER analyst at Gold-
man Sachs who was convicted


S IG CAPITAL MARKETS


SC F A L. CZ" : (.) 1- 'Nt I. A L
"--"-;'".-- [ r -'" '.&:T- R mADEDa CURIT1 i AS OF: 7* '
4.' D. "'.. "..-...- . -:."' .', ".:'UmtDAY. 4 NOViEMBER 2008. ''.
f ,r. ... ...- L 'S.lg aHARE k tl..1e A | GCoH -'1.5 I" %OH0-o.09| YTD-260.16ie I YTD %-12.a .
S. -'. ".. ". 8 ~;C.Oa 8.14 I YTO-8.81% 1 2001 28.2"9% 'i -,
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52wk-HI 52wK-Low Securit y Previous Close Toda'sa Close Change Dany '.. ol EPS S D. s P E YVield
1 9 1 51 Abaco Martela 1 71 1 'I 0CC0 0071 0000 24 1 0 00%
11.80 11.60 Bahamas Property Fund 11.80 11.80 0.00 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 11.0 2.09%
0.99 0.81 Benchmark 0.81 0.81 0.00 -0.877 0.020 N/M 2.47%
3.74 3.49 Bahamas Waste 3.49 3.49 0.00 0.152 0.090 23.0 2.58%
2.10 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 1.255 0.240 11.3 1.70%
3.16 2.83 Colina Holdings 2.83 2.83 0.00 0.118 0.040 24.0 1.41%
8.50 4.80 Commonwealth Bank (S1) 7.30 7.30 0.00 0.446 0.300 16.4 4.11%
6.61 1.99 Consolidated Water BDRs 2.94 2.91 -0.03 0.122 0.052 23.9 1.79%
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 11.89 Finco 12.00 11.89 -0.11 1.000 0.665 0.570 17.9 4.79%
14,66 11.64 FirstCaribbean Bank 11.60 11.60 0.00 0.682 0.450 17.0 3.88%
6.09 5.01 Focol (S) 6.20 5.20 0.00 0.385 0.170 13.5 3.27%
1 0 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 Conorete 0.36 0.36 0.00 0.035 0.000 10.3 0.00%
8.20 5.50 ICD Utilities 6.81 6.81 0.00 0.407 0.300 16.7 4.41%
126 8 60 J 8 J oh.son 11 00 1100 0 00 0 932 0620 110 (64%
0 O 10 00 Premier Real Esatle 10 00 10 ,,r 0 00 0 10 G *.-,00 6' 6 e 00
.. . -) A O S E4 URITjES (Bo d o a Pantage Prilng bases)
52wk-Hi 2wk-Low Security Symbol Last Sale Change Daily Vol. Interest Maturity
1000.00 1000.00 Fidelity Bank Nsdote 17 (Series A) + FEB17 0.00 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
100000 1000 00F delity Bank Note 15 (Sene. D) FBB1 10.0 00 0 00 Prin. 1 7'. 29 %May 201.
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52.k-HI 5S2wk-Low Symbol B1 Bid As. S Las Price VVeekly I'ol EPS S. Dis. $ P-E Y',ol
14,60 14 25 Bahamas Supernarkele 14 60 15 b0 14 60 .0 04 0 31;C' N.M 2 or,",
8.Q0 6.00. Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NIM 7.80%
S64 0 20 RND Holdin0. 0.39 0 40 0 35 0 L01 0 000 2586 8 0 000
A. ."-":.'. " .: :. "'- "..'. .. .- : .'. . -vl r-T unt r QVurll-T o .-. ,'ecur
4 1 00 29 00 ABDAB 3895 4085 2900 4.540 u.OOu .0 0.0. 5.
14.00 14.00 Bahamas Supermarkets 13.80 14.80 14.00 -0.041 0.300 N/M 2.17%
0 5 040 RND Holdings 0 45 0 65 0 55 0 002 0 000 26019 C0 -10'
S. -. ."'. lX Listed Mutual Funds
2.-H .i. 52V.-LoW Fund Name NA V YTD:b Last 12 r.1.l-rs D. S viold '.. NA\' Oit
1 33'1 1 2741 Colina Bond Fund 1 3371 349 9 5 30-.Sp-08
3.0250 2.8869 Collna MSI Preferred Fund 3.0250 0.81 4.78 31-Aug-08
1.4226 1.3599 Collna Money Market Fund 1.4226 3.45 4.61 17-0ct-08
3.7969 3.5562 Fidelity Bahamas 0 & I Fund 3.6090 -4.95 3.62 30-Sep-08
12.4456 11.8789 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-Sap-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-Sap-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 FO Financial Diversified Fund 1 02441 2 44 2 -a 30-Sep-OB
'"','. .''2 .- ":/... .*," -,:., "- MARKET TERMS
52wk-Hi HIghlt closing priCe In Ist 52 Week. Bid $- Buying prico of Collna and Fidelity
52Wk-Low Lowest closing price in tlIt 52 weeks Ask Selling price of Collna and fidelity
Previous Clo.e Prvious day's weighted price for daily volume Lost Price Last traded over-th.-counter price
Today'. Close Current day' weighted price for daily volume -o-ekly Vol. Trading volume of the prior week
Chpnge Change in closing price from day to day EPS $ A company'n reported earnings per share for the lost 12 mth.
Daly Vol. Number of total .hare. traded today NAV Not Asset Value
DIV $ Oivld.nd par har,. paid In the test 12 month NIM Not Mennintaful
P/ Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahama- Stock Index Januay 1. 1994 = 100
(8) -4-for-1 Stok Split Effctive Oate 8/1/2007
TO *t"Ra9Ot-. ; couN A a4a-son-710 | FIPBLITY 242-3se-7-,84 I FO CAPITAL MARKETS 242-39e-oo000o COLONIAL, -24p9g- ,~o7







THURSDAY, NOVEMBER 6, 2008, PAGE 19B


THE TRIBUNE


I R I B I


Obama's victory spoils:


an


economic meltdown


* By CHRISTOPHER S
RUGABER
AP Economics Writer
WASHINGTON (AP) To the
victor goes the mess.
Barack Obama's presidential elec-
tion victory comes with an albatross
of a prize an economy beset by a
stubborn housing slump and the worst
financial crisis in 70 years.
Consumers and businesses are
sharply reducing their spending and
the government is awash in red ink.
"He will inherit an economy that is
in recession and ... is likely to get worse
before it gets better," said Stuart Hoff-
man, chief economist for PNC Finan-
cial Services.
The government said Wednesday it
will sell $55 billion in bonds next week
as part of a massive borrowing to pay
for its financial rescue programs. Bor-
rowing is expected to reach a record
$550 billion in the final three months of
the year.
The Treasury Department said it is
bringing back its three-year notes, sell-
ing them monthly to help cover the
increased borrowing needs, and will
auction $25 billion of them on Monday.
The government also will offer $20 bil-
lion in 10-year notes on November 12,
and $10 billion in 29 3/4-year bonds
on November 13.
Officials project the government will
need to borrow an additional $368 bil-
lion in the first quarter of 2009.
Stocks were down in early trading
Wednesday as investors, focused on
the economy rather than the election,
cashed in some of their gains from
Tuesday's rally that sent the Dow
Jones industrials up more than 300
points. The Dow was down about 130
points in morning trading, and broad-
er market indexes also were down
about one per cent.
Meanwhile, the Institute of Supply
Management on Wednesday said its
gauge of activity in the US services
sector contracted sharply in October as
new orders and employment fell. The
trade group of purchasing executives
said the services sector index fell to
44.4 in October from 50.2 in Septem-
ber.
Wall Street economists surveyed by


0
t-"


BARACK OBAMA'S presidential election victory comes with an albatross of a prize an economy beset by a stubborn housing slump
and the worst financial crisis in 70 years....


Thomson Reuters expected a reading
of 47.5. A reading below 50 signals
contraction.
A manufacturing report issued Mon-
day by the same organization showed
the worst reading since September
1982, when the country was in a deep
recession.
Asian stocks rallied earlier Wednes-
day as investors there were hopeful
Obama would tackle the US financial
crisis with renewed vigor, although


some voiced concerns that a Democ-
ratic president and Congress might
turn more protectionist. Japan's Nikkei
225 stock average climbed 4.5 per cent,
while Hong Kong's Hang Seng index
rose 3.2 per cent.
Earlier Tuesday, the another poor
report on the state of the US economy
was released. The Commerce Depart-
ment reported factory orders dropped
2.5 per cent in September from August,
more than three times as much as ana-


lysts had expected. Excluding autos
and aircraft, orders fell 3.7 per cent,
the steepest drop since 1992, when the
department began tracking sector-spe-
cific changes.
The weakness was led by a heavy
drop in nondurable goods orders,
which fell 5.5 per cent. That included a
17 per cent drop in the value of petro-
leum and coal products, reflecting the
decline in oil and gas prices in Sep-
tember.


Analysts said the report wasn't as
bad as it looked, because much of the
decline was driven by the drop in the
value of oil and gas orders.
But orders for non-defense capital
goods excluding aircraft, considered a
good indication of business investment
plans, fell 1.5 per cent. That follows a
2.3 per cent drop in August and indi-
cated companies are cutting back on
their investments.
"Corporate America is buying into
the recession story, and they are paring
their investment spending accordingly,"
said Ken Mayland, president of
ClearView Economics.
Automakers also reported terrible
October sales figures on Monday, with.
sales down 45 per cent at General'
Motors Corp., 30 per cent at Ford
Motor Co., 25 per cent at Honda
Motor Co. and 23 per cent at Toyota
Motor Corp.
The government reported last week
that the overall economy, as measured
by the gross domestic product, shrank
at an annual rate of 0.3 percent in the
July-September quarter. Two straight
quarters of lower GDP generally mean
a recession, and many economists
expect the fourth quarter to be worse
than the third.
The nonpartisan Committee for a
Responsible Budget estimates all the
government economic and rescue ini-
tiatives, starting with the $168 billion in
stimulus checks issued earlier this year,
total an eye-popping $2.6 trillion.
Besides the borrowing numbers,
Treasury on Monday released esti-
mates by major Wall Street bond firms
projecting that total borrowing for this
budget year, which began October 1,
will total $1.4 trillion, nearly double
the previous record.
Major Wall Street firms projected
the deficit will hit $988 billion for the
current budget year, more than twice
the record. In July, the administration
projected a deficit for this year of $482
billion, but that was before the financial
crisis erupted in September.
Supporters of the government rescue,
packages argue that the ultimate cost
to taxpayers should end up being a lot
smaller, partly because the Federal
Reserve is extending loans to banks
that should be paid back.


Congratulations!


FirstCaribbean's Sharon Brown, Managing Director, The Bahamas and the Turks & Caicos Islands,
BFSB's Executive of the Year


Ms. Brown is pictured at
centre receiving her award.
She is flanked on the left
by Attorney General and
Minister of Legal Affolm the
Hon. Michael Barnett and
BFSB's Executive Director,
Ms. Wendy Warren.


Ms. Brown received her honours at the Bahamas
Institute of Financial Services Industry Awards
Banquet held at the Sandals Royal Bahamian.

The Financial Services Industry Excellence Awards
recognizes role models for their outstanding


performance and contribution to the growth
and development of the financial services
industry in The Bahamas.


www.firstcaribbeanbank.com


GET THERE. TOGETHER.


FIRSTCARIBBEAN
INTERNATIONAL BANK











Government must speed up drilling


* By DINA CAPPIELLO
Associated Press Writer
WASHINGTON (AP) -
The government isn't doing
enough to expedite drilling in
federal waters and on public
lands, according to a report
issued Tuesday by congres-
sional investigators.
In a review of the 55,000 fed-
eral oil and gas leases issued tb
energy companies by the Inte-
rior Department from 1987 to
1996, the General Account-
ability Office found that the
vast majority expired without
being drilled, and an even
smaller, amount actually pro-
duced oil and natural gas.
"We do not agree that Inte-


rior is pursuing expedited
development of oil and gas leas-
es," the report reads.
Energy companies currently
hold leases but are not produc-
ing on about 68 million acres
of federal land -.property that
has the potential to double
domestic oil production. About
a third of the oil produced in
the US in 2007 came from pub-
lic lands.
House Democrats and
Democratic President-elect
Barack Obama have said com-
panies should "use it of lose it"
- meaning they must drill on
lands they currently rent or
release them before being
awarded new leases.
House Natural Resources


Chairman Nick Rahall, D-
W.Va., who sponsored "use it
or lose it" legislation earlier this
year said the report validated
his "long-held belief that oil
and gas companies can, and
should, be doing more to devel-
op those leases."
The GAO found that current
practices to expedite drilling,
such as increasing the rent on
federal lands not being drilled,
did not do enough to spur prd-
duction.
Only about 26 per cent of off-
shore leases and six per cent of
federal leases on land issued
from 1987 to 1996 had been
drilled by 2007. The.percent-
age that produced oil and gas
was even smaller 12 per cent


offshore and five per cent on
land.
The report recommends that
the department consider mea-
sures used by states and private
landowners to jump-start
drilling, such as offering a low-
er royalty rate for faster pro-
duction and shortening the
term of the lease.
In'a letter in response, Assis-
tant Secretary Stephen Allred
said that environmental reviews
delay development on federal
lands.
He also said that fast-tracking
production could drive compa-
nies to develop oil and gas
resources outside the US and
decrease revenues collected by
the federal government.


THE US Government will sell $55 billion in bonds next week as part of a
massive borrowing to pay for its financial rescue programmes...





US to




unleash




$55bn in




bonds


By MARCY GORDON
AP Business Writer
WASHINGTON (AP) -
The government will sell $55
billion in bonds next week as
part of a massive borrowing to
pay for its financial rescue pro-
grammes and foresees a robust
appetite among investors for
the securities amid continued
economic uncertainty.
The Treasury Department
said Wednesday it is bringing
back its three-year notes, selling
them monthly to help cover the
increased borrowing needs, and
will auction $25 billion of them
on Monday. The government
also will offer $20 billion in 10-
year notes on November 12 and
$10 billion in 29 3/4-year bonds
on November 13.
The government plans to bor-
row a record $550 billion in the
last three months of the year to
help pay for the various finan-
cial rescue packages put into
effect in response to the global
crisis. Officials project that the
government will need to bor-
row an additional $368 billion in
the first quarter of 2009, putting
a sea of red ink in front of the
incoming president, Barack
Obama.
"We believe that these
changes will address our bor-
rowing needs," Karthik
Ramanathan, Treasury acting
assistant secretary for financial
' markets, said at a news confer-
ence. "These are highly uncer-
tain times."
He dismissed concerns that
such a huge volume of govern-
ment securities being sold in
blocks could outstrip demand
by US and foreign investors
amid a global financial crisis.
There has been "tremendous
demand" for Treasury securi-
ties over the past year or so,
Ramanathan said. "We are not
concerned about that."
At the same time, the Trea-
sury is maintaining its "very
cautious, measured approach to
raising debt," he said.
The Treasury also said it will
offer the 10-year notes monthly
following the November sale,
and new 30-year bonds to be
issued quarterly starting in Feb-.
ruary. '
The balance of financing
requirements will be met by
offering weekly Treasury bills,
monthly 52-week bills, monthly


two-year, three-year and five-
year notes, and 10-year and 20-
year securities indexed to infla-
tion, the department said.
The borrowing is needed pay
for the-array of government ini-
tiatives: The $700 billion rescue
programme, enacted in early
October; efforts by the Federal
Reserve to bolster banks' bal-
ance sheets which have required
i to use Treasury's borrowing
resources; and the need of the
Federal Deposit Insurance
Corp. for funds to deal with a
rising number of bank failures.
In May 2007, shrinking
deficits and smaller borrowing
needs led the-government to
cease sales of the three-year
notes. Now the financial rescue
programmhes will force the gov-
ernment to borrow unprece-
dented amounts as the budget
deficit climbs to record heights.
The Bush administration in
July forecast that the deficit for
the current budget year, which.
began October 1, would hit
record $482. billion. But thai
forecast didn't include all the
government's efforts since there
to deal with the worst financial
crisis since the 1930s.
The nonpartisan Committee
for a Responsible Budget esti-
mates all-the government eco-
nomic and rescue initiatives,t
starting with the $168 billion in'
stimulus checks issued earlier!
this year, total an eye-popping
$2.6 trillion.
Supporters of the govern-
ment rescue packages argued
that the ultimate cost to tax-
payers should end up being a1
lot smaller, partly because the;
Federal Reserve is extending'
loans to banks that should be1
paid back.
And in the case-of the $700A
billion rescu"package, the gov-
ernment is buying assets -
either bank stock or distressed!
mortgage-backed assets that
it hopes will rebound in value
once the crisis has passed.
But the government still
needs to borrow massive
amounts to buy the assets, an
effort that has driven up.bor-
rowing costs.
Noting the wide spread of
forecasts, Ramanathan said that
once the housing slump mod-
erates and the economy stabi-
lizes, the government "will get a
better picture of where that's
headed."


K Thursday, November 2_--th


SWorld ChieldDren's Da


'mo,,lTurXn q Mic into ci smile




OFF ,_ A I:.-
I4, --


PAGE 20B, THURSDAY, NOVEMBER 6, 2008


THE TRIBUNE