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The Tribune
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Permanent Link: http://ufdc.ufl.edu/UF00084249/01194
 Material Information
Title: The Tribune
Uniform Title: Tribune (Nassau, Bahamas)
Portion of title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Place of Publication: Nassau, Bahamas
Publication Date: December 11, 2008
Copyright Date: 2008
Frequency: daily, except sunday
daily
normalized irregular
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
System ID: UF00084249:01194

Full Text









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HIGH 84F
LOW 68F

^"V BREEZY, SUN
AND CLOUDS


The


Tribune


BAHAMAS EDITION


PAINT',


Volume: 105 No.18 / lp THURSDAY, DECEMBER 11,2008 PRICE- 75c


'I',~'''


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Partly t
mutilated
body is...
discovered
in field
* By CHESTER ROBARDS -
Tribune Staff Reporter
A NEWBORN baby was dis-
covered dead and partly muti-
lated in a field near a Soldier
Road church early yesterday
morning.
Police believe the baby may f
have been born only hours
before its body was discovered.
A resident of the neighbour-
hood in the vicinity of the
Church of God, whose morn-
ing routine takes him through a LANDS
hole in the church's perimeter The Tri
fence and across the field, found cleariu
the dead infant around 6.30am.
He rushed to a phone to contact,
police and paramedics.
"This is my usual routine G
every morning and this morning
I just came in here and sight Ope
one li'l baby on the ground, so I
run and called the police and M By D
ambulance that's all I could Trib,
do," said the man. dmay
The alarmed man said he FRE
SEE page 12 WedneBaha


*CAPERS HAND a young tourist a seashell at Long Wharf beach yesterday. Following a story in
bune on Monday about litter strewn around the area, Minister of Environment Earl Deveaux led a
p operation from Long Wharf beach along to Arawak Cay.


B Health Services deny hospital
rating theatre roof has collapsed


)ENISE MAYCOCK
une Freeport Reporter
'cock@tribunemedia.net
REPORT The Grand
.a Health Services denied
sday that the roof in the


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operating theatre at Rand
Memorial Hospital had collapsed.
The statement was issued by
-hospital officials in response to
questions raised by Dr Bernard
Nottage during opposition ques-
tioning in the House of Assembly
on Wednesday.
Dr Nottage had asked whether
it was true that the roof at the
Rand had collapsed. Health Min-
ister Dr Hubert Minnis said he
knew nothing about it.
Hospital Administrator Sharon
Williams, who was immediately
contacted by the local media,
issued a statement on the matter.
According to the statement, the
hospital is presently in the process
of carrying out major repairs to
the entire roof and reported that
some "leakage" occurred on
Tuesday.
"The Grand Bahama Health
Services wishes to advise that
there was no collapse to the roof
of the operating theatre at the
Rand.
"However, due to major
SEE page 14


* By TANEKA
THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
THE House of Assembly
passed a resolution in its after-
noon session yesterday that
will allow government to bor-
row $50 million for the rede-
velopment of the Lynden Pin-
dling International Airport
(LPIA).
It was first anticipated that
this redevelopment would take
place independently of any
government contribution.
While NAD and the Air-
port Authority are confident
they will be able to secure local
financing for $30 million of a
participating debt of $80 mil-
lion, Prime Minister Hubert
Ingraham said, there still
SEE page 14


Marco City


election court


case decision


expected today
* By NATARIO McKENZIE
Tribune Staff Reporter
A DECISION is expected
today in the Marco City election
court case following scrutiny of 57
votes that the court ruled were
not lawfully cast.
Senior Justice Anita Allen and
Justice Jon Isaacs have been
hearing the nearly ten-month
long case and are expected to had
down their judgment today
regarding the Marco City seat
following a scrutiny of the votes
that the court ruled yesterday
should be disallowed. -- -
The court also ruled that at a a a
least five people did not actually
vote in the May, 2007, general election.
Pleasant Bridgewater of the Progressive Liberal Party is seeking a
court declaration that she and not the Free National Movement's
Zhivargo Laing, Minister of State for Finance, is the duly elected MP
SEE page 12

Doctor says incomplete report
tabled in House and published
in press has hit his business


* By LLOYD ALLEN
Tribune Staff Reporter
A LOCAL doctor said his
business is suffering tremen-
dously after an incomplete
report highlighting unsanitary
conditions at his. clinic was
tabled in the House of Assem-
bly and published in the press.
Dr Charles Cleare, who oper-
ates a general medical clinic on
Odle Corner and East Street,
says there are no outstanding
concerns about his facility, and
that he was given the green light
to continue operations there
Crime council voices
'serious concern'
about judicial system
THE NATIONAL Advisory
Council on Crime expressed
"serious concern" about the
state of the judicial system, the
slowness of moving cases
through the courts, the constant
adjournment of cases, and the
"manipulation of the courts" by
legal practitioners. This was
contained in the crime council's
report released in the House of
Assembly yesterday.
The 54-page document
revealed, amongst other things,
that it is inadequate for the
police to simply arrest more and
more persons, and place them
before the courts if the justice


SEE page 16


months ago.
He says he has lost thousands
of dollars, as his patients were
misled by "confusing media
reports."
According to Dr Cleare, the
way the matter was handled led
to the impression that the prob-
lem was current, when in fact
it had been resolved. He said it
also made it seem that his med-
ical licence rather than his
facility licence had been tem-
porarily suspended.
The report, tabled in parlia-
SEE page 14

CLARIFICATION
SUGGESTIONS that
duty savings on certain
food items were not being
passed on to customers, as
reported in last Saturday's
Tribune,.,came from t'he
Department of Statistics.
They were NOT the
views of either The Tri-
bune or staff reporter Paul
Turnquest, who wrote the
story from official govern-
ment information.
The Tribune wishes to
clarify the sourcing of this
story following protests
from certain food retailers,
who believed this newspa-
per besmirched their
names.
SEE page 16


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PAGE 2, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE
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the Berry Islands on Tuesday.
The DEU officers and mem-
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elled to Bonds Cay on Tuesday at
10am. In a bushy area on the Cay,


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Christmas
crime warning
to residents
HOUSEHOLDERS are being
warned to guard against an
expected pre-Christmas burglary
spree in Nassau.
A six-point anti-burglar guide
has been issued by security expert
Paul Thompson, former assistant
police commissioner.
In it, he urges householders to
"harden the target" by making
property difficult to enter. And
he urges neighbours to keep
watch for each other when fami-.
lies are not at home.
Mr Thompson told The Tri-
bune that most burglaries occur
during the day when people are at
work. By hardening targets,
householders make the burglar's
life more difficult. "He is likely
to bypass your home if it requires
too much effort," he added.
Mr Thompson also revealed
that garage doors, followed by
back doors, were the most vul-
nerable points of entry.
He urged the use of high-qual-
ity locks to resist twisting, prying
and lock-picking.
"A quality deadbolt lock will
have a bevelled casing to inhibit
the use of channel lock pliers used
to shear off lock cylinder pins," he
said. "A quality doorknob set will
have a dead latch mechanism to
prevent slipping the lock with A
shim or credit card."
Mr Thompson also stressed the
importance of using wooden dow-
els as "blocking devices" on slid-
ing doors. And he advised the use
of devices available at hard-
ware stores that prevent old-
style sliding doors from being lift-
ed off their tracks.
Open windows visible from a
street or alley are often the only
reason a burglar will pick a target.
Upper floor windows become
attractive if they can be reached
from a stairway, tree, fence or
balcony. Accessible windows
should have secondary blocking
devices. And anti-lift devices
should be installed to prevent
windows being lifted out.
"Good neighbours should look
out for each other. Get to know
your neighbours on each side of
your home and those directly
across the street. Communicate
with them often and establish
trust." For those working late, Mr
Thompson suggested parking
near the workplace. "Look on the
outside before opening the door
to leaver. Have -ca keys.in hand.,
Open-dqpr, enterlock door. Be
alert, and observant. If there's
anyone following,,,drive to a
police station or a crowded area."


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THE TRIBUNE


THURSDAY, DECEMBER 11, 2008, PAGE 3


*~~| w ,LO...N.. EWSIAl


0 In brief


Teen in court

charged in

connection

with stabbing

A 15-year-old student
charged in connection with the
stabbing of another student this
week was arraigned in the Juve-
nile Court yesterday.
The 15-year-old of Windsor
Lane was charged with causing
grievous harm to the.other stu-
dent on Monday, December 8.
The victim was reportedly
stabbed in the chest during a
fight which stemmed from an
argument at CC Sweeting
Senior High School.
The juvenile, who appeared
before Magistrate Carolyn
Vogt-Evans in Juvenile Court
Two, pleaded not guilty to the
charge.
He was remanded to the
Simpson Perin Centre for Boys.
A bail hearing has been sched-
uled for December 16.

Junkanoo

ticket prices

to be cut
E By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
THE Ministry of Culture will
decrease the price of tickets for
the Boxing Day and New Year's
Junkanoo parades, cutting gen-
eral admission prices from $10
to $5 and VIP seating in Raw-
son Square from $50 to $45.
Minister of State for Culture
Charles Maynard said that this
$5 discount will be given to
assist the public to see
Junkanoo despite tough eco-
nomic times.
Noting that government had
reduced the price of tickets
when they took office, from the
high of $75 for Rawson Square
seating to $50 in 2007, Mr May-
nard said the FNM government
will once again slash prices and
still be able to cover the cost of
hosting the festival through
"good management" of festival
funds.
"I want to remind you, Mr
SpeAker,'we had reduced the
price of tickets last year to $50
in Rawson Square atid down to
$10 in other areas on Bay
Street. And despite-reducing the
price of the tickets, we were
able to raise enough revenue in
conjunction with the Junkanoo
Corporation of New Providence
to pay all expenses, including
prize money, judging fees and
all the rest of things that come
as part of producing a Junkanoo
parade.
"So we expect this year, even
with the discount, good manage-
ment of the whole Junkanoo
programme will enable us to
cover all expenses this year," he
said.
Mr Maynard also revealed to
the House of Assembly that
when the FNM took office, they
found a shortfall of over-
$200,000 from Junkanoo, caus-
ing an uproar from many of his
Cabinet colleagues.
The discounted tickets will go
on sale beginning December 15
at the Kendal GL Isaacs gymna-
sium: $5 for general admission
and $45 for'prime seating in
Rawson Square. Persons, can
also purchase tickets online at
jcnp.het..

Ex-Minister

takes swlpe at

Montagu MP

FORMER Minister of Social
Services Melanie Griffin said
that the MP for Montagu who
"often makes remarks about my
level of intelligence", must have
shown up in the House of
Assembly yesterday with an
"understanding problem."
Mrs Griffin and the new Min-
ister of Social Services, Mon-
tagu MP Loretta Butler-Turner,
have often been at odds regard-
ing the running of Social Ser-
S vices, clashing repeatedly in the
House of Assembly on a num-
ber of topics relating to the min-
istry.
Yesterday, during the ques-
tion and answer period, Mrs
Butler-Turner revealed that her


ministry has helped more 11,000
persons in recent months.
Mrs Griffin's remark came
after an exchange in which she
repeatedly asked the minister
what the government was doing
to help poor people.
Mrs Butler-Turner responded
that with a limited staff, they
have been struggling to keep up
with the massive load.




TROPICAL


Student in hospital amid



continuing school violence


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
SCHOOL violence continued
yesterday with a number of
reported fights at the Doris John-
son Senior High School, which
sent one student to hospital.
According to Bahamas Union
of Teachers (BUT) president
Belinda Wilson "several" fights
at the Prince Charles campus cul-
minated in one student being tak-
en to hospital for a head injury.
"My understanding is they had
several fights at the school'(yes-
terday) and even girls were fight-
ing and as far as I know one stu-
dent was taken to the hospital for
some injury to the head," Ms Wil-
son said.
Details of the incident were
sketchy up to press time last night
and attempts to secure comment
from school officials were fruit-
less. However, Assistant Super-
intendent Walter Evans con-
firmed that at least one alterca-
tion took place.
"One was hit to the head with a
rock or stone and he's taken to
hospital where his.condition is not
serious," ASP Evans said, adding


that the oth-
er student
involved in
a AP Ethe alterca-
tion was tak-
en into police
custody.
The gen-
der of the
students
involved in the fight was unclear
as ASP Evans and Ms Wilson had
conflicting reports on this detail.
Both students are said to be 16
years old.
Yesterday, the union head said
school violence' was a situation
being monitored by BUT as she
called for the Education Ministry
to start a dialogue with the union
and other stakeholders on com-
bating the problem.
"It seems as though no one
wants take the bull by the horns
and accept that the violence, the
indiscipline, and crime is in the
schools. And that we must come
together as a group to find some
stiffer penalties and some alter-
native to what is happening now.
"We welcome the ministry and
other stakeholders tq meet With
the union and say what it is we
are going to do."


Ms Wilson is calling for a mul-
ti-pronged approach to address-
ing the situation.
"We need to look at each cam-
pus and whatever their specific
needs may be and come up with
the plans and strategies that are
needed in each school," she said.
She also urged parents to take a
more active approach in their stu-
dents' lives.
Yesterday's incident comes
after Monday's stabbing at C C
Sweeting Senior High left an 11lth
grader in hospital and another in
police custody.
While Ms Wilson has long
called for the reintroduction of
the police in schools as one mea-
sure to quell the problem, Edu-
cation Minister Carl Bethel told
The Tribune yesterday that gov-
ernment's position on police offi-
cers in schools has not changed.
"Schools have very comprehen-
sive school safety manuals, they
have very comprehensive proce-
dures, there's a lot of dialogue
between school staff and students,
however there is no possibility of
preventing every single act no
matter if you station the army in
schools," Mr Bethel said.


Union chief accuses Government of


betraying loy
* By ALISON LOWE r
Tribune Staff Reporter
alowe@tribunemedia.net
GOVERNMENT has betrayed
long standing Ithmigration offi-
cers, "superseding" them by giv-
ing the three most senior posts to
people with no prior experience
in that department, president of
the Bahamas Public Service
Union said.
"It's a slap in the face," said ti
John Pinder. "I don't want this th
practice to continue because it's di
not good for morale. Other peo- of
ple who have shown dedication of
to the organisation for years are ur
being denied the opportunity to
get to the top; I don't think that's ce
right." sV
Seven senior officers at the
Department of Immigration left
in mid-November, including the
diOcctor;deptity direotoenand sev-
er~l'Assistant directors. One was
eligible for retirement; being over
65 years .old, while others were
given early retirement packages.
Replacing the director is for-
mer Road Traffic Controller Jack
Thompson, while two former
Defence Force officers, com-
mander Roderick Bowe and
Michael- Clarke, have been
appointed as senior deputy direc-
tor and deputy director, respec-
tively.'Speaking with the media
in Cuba on Monday, Prime Min-
ister Hubert Ingraham denied
that the changes at Immigration
amount to a "big shake-up" but.
said "there will be some (more)
changes at Immigration and those
will be announced in due course."
Mr Pinder dismissed Mr Ingra-
ham's take on the shift, pointing
out that only one of the men was
eligible for retirement.
"Anybody with any common
sense would know that if you are
taking the top seven persons out
of a department that's a shake-
up, that's a major shake-up," said
Mr Pinder.
Criticising the move, the BPSU
president said he would prefer
for government to consider "suc-
cession planning" in the future,
to ensure that "when people are
ready to move, they have persons


al Immigration officers
capable of the Customs Department. "I
r un nn i n g hope that they will allow customs
things." personnel to emerge in that
"It's so department. I know the prime
S" unfair for me minister's view is that he doesn't
to have to -want to put people in at the top
-^, teach you unless they can serve for eight to
how to be 10 years. I don't have a problem
my boss," he with that but I'm sure there are
said, adding some qualified people in Cus-
that after toms."
years of peti- Minister of State for Immigra-
oning the government to have tion Branville McCartney hit out
ie position of senior deputy at accusations in a local tabloid
director filled by an Immigration that the move to replace the lead-
fficer, "to take a Defence Force ership at the Immigration Depart-
fficer and drop him in there is so ment was related to corruption
unfair concerns. "I don't want that to
Mr Pinder said his major con- be on those persons who have
ern now is that the same kind of retired. That's not the case," he
weeping changes will occur at said in November.-
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PAGE 4, THURSDAY, DECEMBER 11, 008TTHE TRIBUN


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


Bahamians can help save economy


WHEN THIS year opened the economy
looked strong. There were eight large devel-
opments three in New Providence, two in
Abaco, two in
Eleuthera and one in Exuma that had
been approved and were ready to start. Togeth-
er they were worth more than $4.7 billion. By
mid-year as each one quietly slipped away, it
was obvious that something was seriously
wrong.
Today all of the projects all $4,773,260,000
of them have been stopped. Their future
remains uncertain.
As Thanksgiving approached, contrary to
tradition, instead of the expected heavy book-
Sings, too many hotel rooms were still empty.
By early November, the Atlantis resort, which
in 1993 had revitalised the Bahamas' tourist
economy by purchasing and developing the Par-
adise Island resort, announced that because of
non-arriving guests it would have to close some
areas of its hotel and lay-off 800 staff. This rep-
resented about 10 per cent of its work force.
Other hotels and businesses followed, as
the US which provides at least 80 per cent of
our visitors'- started to sink deeper into reces-
sion. Americans were now tightening their seat-
belts and battening down the hatches as they
prepared for the crash. Of course, with so many
Americans putting their vacation plans in moth-
balls to concentrate on saving their own homes
from foreclosure, the Bahamas was left-with
hundreds of empty hotel rooms.
When the lay-offs started to gather momen-
tum, members of the PLP, backed by union
leaders, blamed government for not doing
enough to save Bahamian jobs. There was no
way that anyone could have protected these
'jobs. If there was no work, there was no money
and if there was no money, there were no jobs.
It's as simple as that.
As Professor David Lubin, speaking to the
Media at the US Embassy on Monday, said: To
a certain extent the economic hardship in the
Bahamas, resulting from the downturn in the
US economy, will be beyond the US govern-
ment's control. It certainly will be beyond that
of Prime Minister Ingraham.
"Prime Minister Ingraham can't magically
make tourists arrive here in the Bahamas," said
the professor. And so all Bahamians this
includes politicians and unionists would be
well advised to stop their petty back-biting, and
concentrate on helping these displaced persons
find employment. Government in addition to
the assistance it has already made available -
will have to create jobs by rebuilding the coun-
try's infrastructure as far as its budget will allow.
At the same time it will have to crack down


hard on corruption to make certain that the
revenue it should be collecting gets into the
Treasury for the benefit of all, rather than into
the wrong pockets for the benefit of some.
"Data revealed on December 4," read one
US report, "reveal a sharp rise in layoffs in vir-
tually every sector of the US economy, contin-
uing distress in credit markets, financial insta-
bility and slumping consumer demand."
This really is a vicious circle. Through glob-
alisation nations are so interlocked that when
one moves to help its own people, it can hurt
others. For example, persons are urged to save,
cut back on spending, cut back on travel, pur-
chase only necessities, forget the luxuries. All
good advice. But while pundits wisely advise
savings, in the same breath they admit that the
economy can only regain its robust health when
there is consumer demand. And there will be no
consumer demand, until consumers start pur-
chasing goods to keep the wheels turning in
the industries that manufacture them.
Stop travelling, hotel rooms are empty,
Bahamians lose their jobs, and airlines file for
bankruptcy. Stop shopping, and shops close,
resulting in more unemployment. Stop pur-
chasing cars and the auto industry and all its
allied suppliers are jobless. Stop eating out, and
restaurants close.
The only persons still in business in tjiis sce-
nario are the morticians, because, try as we
might, no one can stop us dying.
However, this Christmas Bahamians can
protect their own jobs and the jobs of others by
doing all their Christmas shopping at home. If
we want to keep ourselves and our country-
men employed, then as far as possible, we
should make every effort to keep our money in
the Bahamas. If our business community is not
supported, then you will put your own job in
jeopardy should your employer go out of busi-
ness for lack of consumer support.
With the clamp down on Customs, Bahami-
ans who usually line up with boxes upon boxes
of goods purchased in Miami will no longer be
* able to slip through without paying full Cus-
toms duty. Add that to expensive airline fares
and the discomfort of travel hours wasted at
airports, herded like cattle, taking off and
putting on shoes, slipping off belts and jackets
for US inspection.You are exhausted and dis-
gruntled even before the journey begins.
Staying at home and shopping certainly has
its advantages. And at the end of the day you
can feel proud that you have at least contributed
in your small way to the restoration of your
country's economic health. A further bonus
could be the protection, not only of your own
job, but that of your neighbour.


EDITOR, The Tribune.
I AM sending you this note
to raise a few points that you
are either ignorant of, or just
plain chose to leave out of
your article.
I know given the extreme
political bent of your newspa-
per that it would be difficult
for you to maintain your rela-
tionship with them if you
attempted to highlight any
shortcomings in the current
administration. However, I
refuse- to allow my affiliation
with any political party to
cause me to allow them to run
roughshod over my beloved
Bahamaland.
This public transportation
mess that we find ourselves in
can be firmly deposited at the
feet of the current adminis-
tration. On coming to power
in 1992 the FNM realized that
the outgoing PLP government
had allowed the system to be
used as a reward system for
its cronies and cohorts, pro-
viding them (FNM) the per-
fect opportunity to implement
a just,and fair system that
would best serve the needs of
the citizenry first and then the
owners and drivers.
However, the course of
action taken was typical of a
backassward banana republic
- hand out hundreds more


to their own cronies and
cohorts. In my opinion, they
compromised any action they
might wish to have taken.
because they didn't wish to
offend "their people".
The FNM also undertook a
transportation study that
should have yielded a model
for a unified system similar to
Barbados' system.
After 18 months at $10,000
per month, we are yet to be
apprised of the contents of
that report. The numerous
bodies that represent the own-
ers 'and operators and other
stakeholders in the transport
industries have presented var-
ious models to various gov-
ernments over the -years.
Result inaction.
Your view that $1.25 to
travel on public transporta-
tion is relatively high is' unbe-
lievable.
I am willing to bet that you
have no difficulty shelling out
$3.25 to travel two blocks in
Florida.
That you consider the graf-
fiti inside the vehicle to be a
reflection on the driver or
owner, shows that you concur


with Road Traffic's position
that an owner shells out $900
each May and October to
reupholster seats that are writ-
ten on by fares.
Mr Gibson, buses cost
$80,000. Insurance costs $5000
- $10,000 per year. Mortgage is
$900 $1800 per month. Reg-
istration is $400 per year. Busi-
ness license is $250 per year
(taxis are free and their fare
starts at $5). Contrary to what
you assume, owners have not
gone up on their quota so the
driver is the sole beneficiary of
the increase. The owners did
not request an increase of the
drivers precisely because they
didn't want drivers wantonly
destroying their property.,
Lastly, Mr Gibson, do you
believe that someone waited
30 minutes for a bus during
normal operating hours? If
you do, I'm selling this theory
that next year our economy
will grow by 20 per cent.
Interested? Now that you
are armed with a little bit
more information, I trust that
you will bring a new and clear-
er view to the public.
Continue to seek and report
the entire truth no matter who
it offends.
AARON WOODSIDE
Nassau,
December 8, 2008.


Why thecurrent silence


as oil prices decline?


EDITOR, The Tribune.
My news this morning indicates that crude oil is
now trading at USD 44.17 a barrel, some one
hundred dollars plus lower than a couple of
months ago.
When the bull was running we saw announce-
ments almost daily from the shipping companies,
foodstores, Chamber of Commerce and every-
one else who sells anything, warning of impend-
ing price hikes that could not be avoided.
Undoubtedly the prices were hiked but now
that the bull is dead we haven't heard boo-cat
from any of these people telling us that the freight
rates and shelf prices have or will be retreating.
Public transportation was given a price rise
just as the oil prices peaked and started coming
down but we are hearing nothing at all since the
hundred dollars plus per barrel collapse.
The PM happily forecast recently an expected
reduction in the BEC fuel surcharge, of a few
cents per KWH, but one would think that the
whole twenty two plus cents surcharge could now
be eliminated and even have a reduction in the
base KWH rate.
The news is full of stories these days about
alleged misconduct in the Customs Department,


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where allegedly persons are collecting Govern-
ment Duty for themselves, and we are horrified at
such a thought, but if everyone else in the econ-
omy is maintaining their high oil based pricing, are
they not doing a similar thing as a corrupt Cus-
toms Officer?
And the Central Bank must think the Bahami-
an people are ninnies too, as just about every
Central Bank in the world has been reducing
their benchmark interest rates to next to nothing
but our Central Bank just keeps on smiling as if
the Bahamas is not a part of the same world.
Yes, I know we have other issues and consid-
erations, not least of which is our external
reserves, but if high interest rates is the only way
they can control that then maybe we need a new
set of staff there too.
A few percentage points reduction in the
Bahamian Dollar Prime Rate would mean a huge
amount, particularly to lower income mortgagees
who are struggling now in reduced circumstances
to hold onto their properties. Sins of Omission are
little different that those of Commission.
BRUCE G RAINE
Nassau,
December 5, 2008.


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PAGE 4, THURSDAY, DECEMBER 11, 2008


ON\
AWWI,


THE TRIBUNE







THURSDAY, DECEMBER 11, 2008, PAGE 5


THE TRIBUNE


LOCALNEWS


0 In brief


Unmasked

gunman holds

up bakery

THE Centreville Bakery
was held up at gun point in
broad daylight yesterday by an
unmasked gunman, according
to reports.
A man, wearing sunglasses,
a plaid shirt and blue jeans,
entered the store shortly after
2pm with a manila envelope
containing a handgun. .
The gunman, described as
being of fair complexion,
medium to slender build and
about six feet tall, brandished
the weapon and demanded
money from the cashier,
threatening to shoot the
employee if anyone was called
or if the employee did not
comply. The store remained
open after the robbery and
while no one was hurt, the
gunman made off with an
undetermined amount of cash,
employees said.
The culprit reportedly
escaped the area in .a white car
with a male accomplice in tow.
One employee, who spoke
on the condition of anonymi-
ty, believes the gunman was
watching the store before his
crime.
The employee said there
have been two robberies at
establishments in the area this
week.

Man accused of
drug possession
A 20-year-old man was
arraigned in a Magistrate's
Court yesterday on a marijua-
na possession charge.
Court dockets allege that on
December 9, Renaldo Antho-
ny Woodside, of Farrington
Road, was found in possession
of a quantity of marijuana
which authorities believe he
intended to supply to another.
According to the prosecu-
tion, Woodside was found in
possession of 15.4 ounces of
marijuana.
Woodside, who appeared
before Magistrate Carolita
Bethel in Court 8;Bank Lane
yesterday, pleaded not guilty
to the charge. He was granted
bail in the sum of $15,000. The
case has been adjourned to
June 18, 2009.


Construction is not as bad as



we had feared, says Ingraham


But Prime Minister said government still wants to see improvement


* By CHESTER ROBARDS
Tribune Staff Reporter
THE construction industry in.
the Bahamas is not doing as bad-
ly as Bahamians might think,
according to Prime Minister
Hubert Ingraham.
However, he said it is not as
good as the government would
like to see it and some small con-
struction firms wholly agree with
him. "Construction is not as bad '
as we had feared it might have
been but not as good as we
would like'it to be," said Mr
Ingraham.
He cited a number construc-
tion projects funded by foreign
investors as proof that the indus-
try has not foundered.
"The condominiums down at
the caves are going on, Albany is
going on in Nassau," said Mr
Ingraham.
"A number of houses are being
built on Paradise Island, in Lyford
Cay and Old Fort Bay,.a condo-
minium building down on West
Bay Street they are completing
their construction."
Small Bahamian construction
companies, though, say they are
really feeling the pinch.
One such small contractor who
wished to remain anonymous said
things might not lbe as good as
Mr Ingraham is making them out
to be. "Things are dead slow and
have almost come to a stop," he
told The Tribune.
He said potential customers are
trying to "hold on" until things
get better and that some govern-
ment jobs that should have been
started were pushed back.
"There isn't a full fledged scope
of work to keep everyone busy.
There is only enough work for 30
per cent of the construction field
and 70 per cent is hoping for
work," said the contractor.
According to a representative
of Sunshine Holdings and
Arawak Homes, there is no doubt
that things are slow in the con-
struction business. '
"We are very, very concerned,"
he said. "The last quarter has
been brutal."
However, Stephen Wrinkle of
Wrinkle Development Limited is
a bit more optimistic about the
construction sector.
He believes it will slowly regain
its momentum as people realise


that now is the time to begin con-
struction projects.
"Prudent Bahamians will
realise that this is the time to hire
contractors because they will get
the best people and the best
prices," said Mr Wrinkle.
He said it is possible that the
prime minister has more insight
into the state of the construction
sector and can say for sure how it
is doing.
Mr Ingraham said 300 to 500
jobs will be created through the in
New Providence Road Improve-
ment Project, and that hundreds
more will come as the govern-
ment begins construction on new
administrative buildings.
However, he said there is a bot-
tleneck at the town planning
and/or building control level of
the government's bureaucracy
that needs to be rectified.
"We're going to seek to unclog
that in the shortest possible time.
We do have a shortage of per-
sonnel in those areas," said, Mr
Ingraham. "We're now advertis-
ing for additional people to be
employed in the engineering sec-
tion."


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PM: Govt took too long to assess


damage to homes built under PLP


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
THE government took "too
long" to assess the scale of
repairs it would need to carry
out on homes built under the
former administration, the
prime minister admitted.
"It took us quite a while to
assess the damage, too long
to be exact. I make no apolo-
gy for that, but we did. We
have had to repair hundreds
of houses," Prime Minister
'Hubert Ingraham said.
However, despite this Mr
Ingraham said the government
expects to meet the targets for
construction of new low-cost


homes and service lots, as laid
out in its 2007 manifesto.
In that document, the gov-
ernment commits itself to
"facilitate the construction of
3,000 affordable homes by
providing either fully serviced
lots and/or newly constructed
homes."
The government will "lay
heavy emphasis" on making
available fully serviced lots -
those with utilities in place,
including water, electricity,
cable television rather than
building homes, although it
does expect to construct a
"couple of hundred" of these
per year, noted Mr Ingraham.

Money
"We will not seek to build
hundreds and hundreds of
houses; the government has
proved it is not very capable in
managing such programmes.
People are better able to run
their own affairs and spend
their money and have the con-
tractor of their choice and
that's what we will aim for.
"You will be able to either
go to the mortgage corpora-
tion to get a loan to do that
or to one of the commercial
banks or finance companies
to do so," he said.
During its first year in
office, the government did not
build any homes.
Mr Ingraham blamed this
on a lack of funds, debts left
behind by the former govern-
ment and the demand on the
Ministry of Housing to repair
widely publicised deficiencies
in houses built under the PLP.
He said: "My numbers are


in my manifesto; they haven't
changed.
"Yes, we are behind, but my
numbers are in the manifesto,
how many service lots we are
going to produce and houses.
I expect those to be built in
my tenure, notwithstanding
we have lost almost a year."

Programme
The prime minister said $15
million has now been spent on
the housing programme,
raised through the issuance of
government bonds.
"We now have 75 or more
under construction in Abaco,
scores under construction in
Pride Estates in Nassau,
Ardastra Estates. They have
completed the refurbishment
or reconstruction of several
hundred badly constructed
homes and they are planning
some new subdivisions," he
said.
Mr Ingraham hit out at
the former PLP administra-
tion for its handling of the
housing construction pro-
gramme.
"They ran out of money and
they couldn't produce any-
more and so sometime in late
2006 it all came crashing down
and when we came to office
in May 2007 we met many,
many bills to be paid; over-
draft at the Bank of the
Bahamas beyond its limit; bor-
rowings from national insur-
ance of $7 million that was not
properly authorised by law, all
to camouflage this crash of
the housing programme that
the PLP had been engaged
in."


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* By LLONELLA
GILBERT
STATE Minister for Cul-
ture Charles Maynard
walked the route of the 2008
Esso Junior Junkanoo
Parade to observe the setup
for the event, and determine
if anything needs to be
changed or adjusted to make
the area safe and secure for
the public.
"One of the things I have
been trying to sensitise the
general public and in partic-
ular those who participate
in junkanoo to, is while they
are spending months and
months getting ready for
Bay Street, there are peo-
ple like yourselves who are
spending months and
months to get Bay Street
ready for them," Mr May-
nard told junkanoo stake-
holders who accompanied
him on the walk.
He added that many do
not realise the tremendous
job done by all those
involved from the security
forces, BEC and the Min-
istry of Works, to ZNS and
the Environmental Health
Department to ensure the
parades are a success.
Junior Junkanoo will kick
off at 6 o'clock tonight and
last minute tickets could still
be on sale at the Kendal
Isaac's Gym, the Junkanoo
Expo or Festival Place.
This year, the ticketing
company has made pam-


phlets to help spectators
find entrance gates and seat-
ing.
"This particular exercise
will help alleviate some of
the problems we usually
have in terms of getting peo-
ple seated on a timely
basis," the minister said.
He said the new setup
should help to alleviate bot-
tlenecks in seating and make
it easier for anyone to leave
their seats.
Junior Junkanoo co-ordi-
nator Percy "Vola" Francis
said this year's parade is
honouring Kingsley "Red-
neck" Pickering for his con-
tribution to the growth of
Junior Junkanoo over the
years.
"We are looking forward
to 15 schools out of New
Providence comprising of
primary, pre-schools, junior
high schools and most of all,
our senior high school cate-
gory, which I believe can
rival the Saxons, the Valley
Boys and the Music Mak-
ers," he said.
Assistant Superintendent
of Police Walter Evans said
the police have evaluated
their safety tactics during
parades, corrected one or
two "weak spots", and put
in place "an aggressive stop
and search team."
"We look forward to
policing successful parades
this year and we do expect
to be overcome by problem
makers," he said.


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PAGE 6, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE








THE TRIBUNE



Construction on new straw market


'expected to get underway in June'


THURSDAY, DECEMBER 11., 2008, PAGE 7


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
CONSTRUCTION on the
new straw market, which will
resemble the old market and
cost tess than $10 million to
build, is expected to begin at
the original Bay Street site by
June of next year, Prime Min-
ister Hubert Ingraham said.
Speaking with The Tribune
during a press trip to Cuba,
Mr Ingraham said the govern-
ment has given instructions to
architect Patrick Rahming to
"replicate, as far as possible,
the old straw market" in his
designs for a cheaper market.
These plans have not yet been
completed.
"We have the photographs
of it. We want to accommo-
date the 600 or so vendors
who were there before and we
expect to be under construc-
tion not later than June next
year. There will be public con-
sultation about the schematic
of the market," he said.
However, the prime minis-
ter said that "we must stop
fooling ourselves" that the
market will be a "straw mar-
ket" in the traditional sense.

Vendors
"We're not building a straw
market. We're building a mar-
ket and in that market will be
some straw work. But we're
not building a straw market, a
straw market is a thing of the
past. But a market will be built
for the vendors on the same
site," he said.
The market, Mr Ingraham
said, will be "one that has
great elevations, that takes
account of the need to be
green, that takes account of
the need that the market can
have the ability to have its
energy produced for itself,
that can be cool, spacious and
that can cause people to know
(they're) .in the Bahamas."
The prime minister further


said that he hopes to this week
review the files relating to the
as yet unsettled contract with
Woslee Dominion, the com-
pany hired by the former gov-
ernment in February, 2007 to
build a new market at the cost
of $23 million.
Mr Ingraham said he will
look at all the files relating to
that contract and "satisfy
himselff that either they
(Woslee Dominion) are pro-
ceeding to court to have the
matter determined or 'that
they are moving aggressively
to have the matter.settled,
because we are not going to
build that facility and there
are rules as to what happens
when a contract is terminat-
ed."
Part of this effort, he said,
will involve assessing whether
or not the government can
retrieve the "substantial
mobilisation sum" possibly
between ten to fifteen per cent
of the contract value paid to
Woslee Dominion.
"Whether or not we are
entitled to any of that back,
or if he is entitled to any addi-
tional sums, I don't know, that
is to be determined and will
depend on what the evidence
is. But whatever the evidence
is, it's what its going to be,
because we are not going to
proceed with a ($25-million)
market because we believe a
proper market can be pro-


duced in the Bahamas on that
site for a dollar number that is
a single digit in the millions.
That's my belief," said Mr
Ingraham.
The contract with Woslee
Dominion was terminated in
the same month the
FNM came to power, May
2007.

Refurbishment
In the meantime, govern-
ment is moving ahead with
completing the refurbishment
of a building on Prince
George Wharf to make it suit-
able for housing an "authentic
Bahamian craft market."
Work on this building was
begun under the previous
Ingraham administration.
"I would expect (the Min-
istry of) Public Works will
issue a tender for the comple-
tion of the work in short
order, if they haven't already
done so.
"Certainly I expect that to
be on board next year, no
doubt about that," said the
prime minister.

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THE SUN IS RISING I,
the hoil c'i l niL icIl.i'. l to hli
the ahir -ti\, s. It tLjiurLie. lIcil
entert iiner .A\ncieni li ind
One Fimill Junkanoo (-roiup
The hit ".as rclc:s-ed :jt a : unch
party held last \\Ldncs.d. b\ h
One FamilY. The song. the
lyrics ol which depict iOne Fam-
ily's theme for this B>o\ing D:sN
junkanoo parade 'Tough
Times" was written by
Ancient Man and produced by
Eddie Rolle of Exotic Sounds
Studio. Ancient Man and One
Family's chairman, Darren Bas-
tian, also appeared on ZNS TV
news to tell viewers about the
song. Grateful to its sponsor
Albany, Mr Bastian saw to it
that the development got the
first copy of the CD. Shown at
the CD presentation, from left,
are: Rory Saundcrs, vice chair-
man, One Family; Eric Hall,
Fearless Shack, One Family;
Darren Bastian, chairman, One
Family; Tanya Smith-
Cartwright, The Counsellors
Ltd, receiving CD on behalf of
Albany; Bobby St Louis, Gaza
Strip Shack, One Family;
Ancient Man; Paul Thompson,
Peter Street Shack, One
Family, and Jackson Burnside,
former chairman, One
Family.


HAITI is expected to participate
in at least one component of the
Caribbean Single Market and
Economy by the first quarter of
2009.
The fundamental components
of the CSME are free movement of
goods and services, free movement.
of people and skills, and the right of
establishment of business entities
within the Caribbean community.
Haiti's participation in the ini-
tiative will increase the size of
CARICOM's market under the
CSME to an unprecedented 15 mil-
lion people.
* Ambassador Earl Stephen
Huntley, director of the CARI-
COM representation office in Haiti,
told the opening ceremony of the
third meeting of the CARICOM
Commission on Youth Develop-
ment (CCYD) on Monday that
Haiti was now in the process of
revising and developing legislative
frameworks to facilitate its partici-
pation in free trade in goods under
the CSME.
He noted that by January 2009,
bureau of standards would be
established in Haiti as the country
prepared to participate in its first
segment of the CSME.
Around 40 delegates, including
commissioners, consultants and rep-
resentatives of the University of
the West Indies, development agen-


cies, departments of youth affairs,
and the CARICOM Youth
Ambassador Corps are meeting at
the Hotel Montana in Port au
Prince to discuss preliminary
research findings and develop a
plan of action to complete the com-
mission's report.
The recommendations con-
tained in the final report will be
discussed by the special meeting of
the Council for Human and Social
Development (COHSOD) inApril
2009, prior to its submission to the
CARICOM Conference of Heads
of Government in July 2009.
That Haiti was hosting the
CCYD meeting, Ambassador
Huntley asserted, was a symbol of
Haiti's growing involvement and
active participation in CARICOM.
He added that a comprehensive
plan was being implemented by the
CARICOM Secretariat in partner-
ship with the Canadian Inter-Devel-
opment Agency (CIDA) which
would support Haiti's development,
re-integration in the community
and full participation in the CSME.
As part of this development pro-
gramme, the CARICOM Secre-
tariat is also helping to build carac-
ity through training in several
aspects of Haiti's public sector to
strengthen the country's ability to
participate fully in the CSME.
Ambassador Huntley pointed
out that the CARICOM Office in
Haiti would also spearhead the
implementation of a public educa-
tion programme that should not
only assist Haitians in understand-
ing the community better, but also
assist the other CARICOM mem-
ber states in understanding the sit-
uation in Haiti, thus dispelling neg-
ative perceptions about that coun-
try.
He said that young people were
at the heart of the public education
campaign, hence the need for
CARICOM Youth Commission-
ers and Youth Ambassadors to be
present at the meeting to be strong
and resilient information advocates
for Haiti, taking a positive message
to their peers in the region and
helping to counter the negative
images projected in the interna-
tional media.
"We are one and must work
together to build the ties of broth-
erhood between Haiti and the rest
of the region; ties that:history had
severed," Ambassador Huntley
said.


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PAGEI8, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE


"^l








THE TRIBUNE THURSDAY, DECEMBER 11,2008, PAGE 9


Novel that focuses on


corruption, racial difference


is taking off in Nassau


A CONTROVERSIAL new
novel by local writer Garth
Buckner is already becoming a
runaway success.
Thine is the Kingdom, set in
Nassau, concerns a young man
born to a foreign father and
his struggle to become a legal
citizen.
The novel was launched just
last week at Logos Bookstore,
but distributors are already
running out of copies and ask-
ing for more.
The novel seemed in danger
of selling out by Christmas, so
the publisher is already plan-
ning a second printing.
"This is amazing as the book
is not even out in the US yet,
where it will be published in
February 2009," Mr Buckner
said. But the attention is hard-
ly surprising considering the
book's subject matter.
Crime, violence and greed
feature prominently. Racial
and class difference, and the
resulting atmosphere of veiled
distrust, are both the backdrop
of the narrative and its most
striking aspect.

Portrayal
The book's portrayal of
Bahamians both black and
white is bound to offend some
readers, but in the end both
appear in a less than sympa-
thetic light,
Yet Mr Buckner's back-
ground he is a white
Bahamian from an affluent
family and the fact that there
are few redeeming features in
his black characters, most of
whom appear only fleetingly,
will no doubt spark debate in
months to come. Cooler heads
will realise that this is a matter
of narrative perspective, not
ingrained prejudice.
Mr Buckner said: "I wrote
about Eastern Roaders
because that's where I'm from;
it's a world I grew up in and
know intimately. So I under-
,stand its nuances and can put
. that on the page. And because


sometimes the most accept-
able way to show difficult
themes is to be self-depreciat-
ing.
"One of my main characters
who is from this world, he
thinks he is different, special,
but the truth is he is as bad as
those he rails against, he is as
corrupt and as at fault.
"The failings my characters
suffer from, their greed and
arrogance, are pervasive
thought out society. But again,
this is not just meant to be a
Bahamian novel, it is meant
to reveal something of the
human condition, its meant to
be universal."
The novel gives particular
insight into the lives of those
born in any country where
cannot attain legal status.
Statelessness is a phenome-
non many Bahamians believe
they are familiar with, but few
untouched by it personally are
able to pierce the veil of con-
tradictions surrounding this
ulterior reality.
The title, a line from Lord's
Prayer acknowledging God's
laws as the measure of entry
into the Kingdom of Heaven,.
becomes a symbol of this con-
dition. In Mr Buckner's hands:
'the kingdom' of national affil-
iation, at least in the Bahamas,
is subject to the whims of a
corrupt, incompetent bureau-
cracy, despite the nominal
rules of the game.
"I liked the idea of some-
one having been denied citi-
zenship because it means they
have been denied the right to
partake in society," said Mr
Buckner.
"You've got this main char-
acter, the narrator, who is fun-
damentally a decent type, if
inexperienced, and he wants
to do the right thing and he
wants what is his 'right', to be
a'citizen. He was born here to
a Bahamian mother from an
old local family, but a foreign
father.
"Add to the mix the faqt
that they supported the oppo-
sition against the government.


He is denied his citizenship.
"Many people are going to
relate to this character and to
the difficult choice he faces.
The choices that corrupt us,
that make us stare that extra
moment in the mirror. He
comes to understand that the
only way for him to get his cit-
izenship is to bribe someone
for it."
This is the central irony of
the story; that the protagonist
has to do something illegal to
become legal. And the story
is about how he wrestles with
this choice and how events
beyond his control eventually
force him to make a choice.
"It's about how this changes
him, opens his eyes to certain
things," Mr Buckner said.

Justice
"I was moved by the line in
the Lord's Prayer, which we
always recited at school when
I was a boy, the part about for-
give us our trespasses as we
forgive those who trespasses
against us, because it struck
me that too many people seem
to think that their "rights"
include riding over everyone
else, or that somehow they're
different, an exception. Some
even seem to think they are
the embodiment .of the law.
It's at the heart of our prob-
lem with justice. Of course this
does. not work and it leads,
inexorably, to conflict and
then to death. To a killing."
However, Mr Buckner
emphasised that he has no
desire to bash readers over the
head with a morality tale. The
book is written partly as an
adventure, with spear fishing -
and camping out on the cays;
as a suspense, with an increas-
ingly violent conflict between
two .main characters; and a
mystery.
"There are some action
scenes. Fights. Parties. Drunk
driving. And I hope there's a
good bit of humor too," Mr
Buckner said.


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it,


Thine is the



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By


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THURSDAY, DECEMBER 11, 2008, PAGE 9


THE TRIBUNE




PAGE 10, THURSDAY, DECEMBER 11, 2008
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COB students receive :
scholarships from -F /. .
Commonwealth Bank f1.- wr e, 1 ;,iffal- i i,,,,, J f.- rire


TWENTY-TWO of the
Bahamas' most promising stu-
dents have the opportunity to fur-
ther their education and the
promise of their future at the Col-
lege of the Bahamas thanks to a
donation by Commonwealth
Bank.
Some $83,600 in 10 new two-
year and 12 returning scholar-
ships was donated by the bank as
part of its long-standing commit-
ment to the education of Bahami-
an youth.
Commonwealth Bank also
recently donated over $250,000
in school supplitj to government
school students across the
Bahamas, who might have gone
without, as well as 120 laptops
and 120 projectors for classroom
use.
"Education is the key to the
future of our nation," said TB
Donaldson, chairman of Com-
monwealth Bank, who also serves
as chairman of the COB College
Council.
"As a member of this commu-
nity we have an obligation to sup-
port and promote education,
allowing Bahamian students to
become more diverse and our


r


PICTURED centre left to right are Cheryl Carey, COB director of financial aid
and housing; Shirley Cartwright, senior vice-president of business development,
sales and marketing at the Commonwealth Bank; Anthea Cox, vice-presi-
dent of human resources and training at Commonwealth Bank, and Mavis Bur-
rows, assistant vice-president of operations at Commonwealth Bank.


S I


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CRAFTDEPT.3


THE THIBUNIE


i I 1UnOUAl(, u.L j 'lu IVlLIi I I --UUU, I ,-uL i i








PAGE 12, THURSDAY, DECEMBER 11,2008LTHEETSRIBUNE


DDE LTA.
Inspiration for your kitchen & bath!


FROM page one
lived only two houses from the
scene and had never seen any-
thing like a dead body before.
"This was a shocking vibe
right there man to see a life-
less baby on the ground -
that's the first time I ever saw a
dead person on the ground like
that," he said. "And a baby a
baby, man it look like the
baby just born."
According to him, this inci-
dent has left his community in
shock.
According to Asst Police
Commissioner Hulan Hanna,
when officers arrived on the
scene they noticed that one of
the fingers on the baby's hand
and one of the feet had been
mutilated.
He said the injuries could
have come from some kind of
animal lurking in the area.
"It could very well be that
lying in a field like this an ani-
mal may have unfortunately
come and disturbed the remains
and I think that is what makes it
even more gruesome," he said.
Police also discovered what
seemed to be fresh blood on
pieces of clothing. Mr Hanna
said it appeared that someone
may have used the clothes to
wipe themselves off.
A suitcase was also found at
the scene, but police do not
know if it has any connection
with the infant's death.
Mr Hanna said he could not
imagine what would have led
someone to commit such an act.
He appealed to the public, espe-
cially pregnant young women,


Newborn baby
to look at adoption as an alter-
native to abandonment.
"I just want to take this
opportunity to make an appeal
to members of the public,
young girls in particular," he
said.
"'There are instances where
young girls are impregnated and
they try to hide their pregnancy
from their parents and gener-
ally it leads to this kind of
behaviour.
"I want say on behalf of the
Commissioner of Police and all
the people of goodwill in this
community, if you get pregnant
and it's a baby you feel that you
cannot handle, you do not want
to destroy human life what
you do is carry the pregnancy to
term and then put the child up
for adoption," he said.
According to him there are
people in the community who
want to adopt children and who
can take very good care of
them.
"To see this kind of life being
aborted or snuffed out in this
kind of way is most dishearten-
ing," said Mr Hanna.
Police are asking anyone who
may have a family member suf-
fering depression or acting as
though she is sick and having
"female problems" to call
Crimestoppers at 328-8477.
"Call us so we can get this
person the medical and psycho-
logical help that she obviously
needs," said Mr Hanna.
He said police had received
encouraging leads.


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Two (2) Service Desk Analyst
Global Technology & Operations
Infrastructure
The successful candidate should possess the following
qualifications:
A College Degree in Computer Information Systems
or a related field
A+ Certification would be considered a plus
5 or more years in the Information Technology field
1-2 years in the Customer Service field
Key Skills:
Teamwork & Cooperation
Strong Customer Service
Problem Solving
Confidentiality
Impact and Influence
Relationship Building
Strong Communication and Interpersonal skills;
including writing and negotiating
Organizational skills
Ability to work with minimal supervision
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Installing PC operating systems and programs on RBC
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Producing accurate reports of system and network
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A competitive compensation package (base salary & bonus)
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is offered.
Please apply before December 12,2008 to:
Regional Manager
Human Resources
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RBC Royal Bank of Canada
Bahamas Regional Office
East Hill Street
P.O. Box N-7549, Nassau, N.P., Bahamas


Marco City election court

case decision expected today

FROM page one
for Marco City, Freeport. Ms Bridgewater lost the seat, which she
had held since 2002, by 47 votes.
The Marco City case is the second and final court challenge of the.
results of the May, 2007, election.
The result of the Pinewood constituency was unsuccessfully chal-
lenged by Senator Allyson Maynard-Gibson of the Progressive
Liberal Party.
In the Pinewood election court case, FNM MP Byran Woodsitde
kept his seat despite the judges throwing out 103 votes contested by
Mrs Gibson and only seven contested by Mr Woodside.
"We're not surprised by the court's ruling for the scrutiny. We
had thought that given our own intelligence that that was a strong
possibility and so we are delighted to proceed forward and feel very
confident that at the end of the day all will be well," Mr Laing told
The Tribune yesterday.
Mr Laing's lead attorney Fred Smith said: "The justices indicated
that they are duty-bound to uphold the constitution and they have
delivered a judgment which we will get at the end of the process.
They have given us a list of the persons that were disallowed and
tomorrow morning (today) there will be a recount of those persons
who were disallowed and they will be netted off against those per-
sons who voted for Ms Bridgewater and those who voted for Mr
Laing.
"We remain confident that we will maintain the majority but that
remains to be seen," he said.
Prime Minister Hubert Ingraham said yesterday that when the
court makes its ruling that will be the end of the matter.
"As far as I'm concerned the election was held in May, 2007. Oth-
er people dispute the results, we don't. We accept the will of thf
people," he said.
Repeated attempts to contact Ms Bridgewater and her attorney
Philip 'Brave' Davis proved unsuccessful yesterday.
PLP chairwoman Glenys Hianna-Martin chose to reserve com-
ment until today's official ruling.
"We're not prepared to make a comment until the court has
decided on the matter and adjudicated on who is the lawful repre-
sentative," she said last night.
The Marco City election couit case began in late February. As
of the last count, some 72 votes are being challenged by Mrs
Bridgewater and 22 by Mr Laing.


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PAGE 12, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE









THE TRIBUNE THURSDAY, DECEMBERBB1,2008, PAGE 13


Recommendations of crime


council report presented to


Minister of National Security


* By MATT MAURA
MEMBERS of the National
Advisory Council on Crime
presented their findings and
recommendations on crime and
criminality in the Bahamas to
Minister of National Security
Tommy Turnquest on Tuesday,
12 months after the council was
commissioned by the minister.
The council, which was
chaired by Bishop .Simeon
Hall, was appointed on Decem-
ber 3, 2007 to review strate-
gies to address the nation's
crime challenges.
The report contained 40 rec-
ommendations, which council
members said they hope the
government will "follow up on"
in the fight against crime, crim-
inality arid violence in the
country.
Some of those recommenda-
tions include the use of elec-
tronic monitoring for persons
given bail while awaiting trial
in criminal proceedings; the use
of Closed Circuit Television
(CCTV) in schools and other
areas throughout the Bahamas,
and plea bargaining measures
that have already been imple-
mented by the government.
Another key recommenda-
tion contained in the report is
the need for the establishment
of a "permanent mechanism"
in the form-of an Inspec-
torate/Secretariat for Crime.
Such an inspectorate/secre-


tariat, council members said,
could continue the work done
by the current and previous
crime councils and commis-
sions.
The inspectorate/secretariat
would be responsible for the
coordination, monitoring and
evaluation of national anti-
crime efforts.
Mr Turnquest said the coun-
cil's recommendations show
that the government and the
National Advisory Council on
Crime "are on the same page."
He said he expects the report
to be presented to Cabinet no
later than Tuesday, December
.16.
"I propose to seek Cabinet's
approval to have the report
made public thereafter," Mr
Turnquest said. "I do believe
that this report will find much
favour in the public of the
Bahamas as a document that
we can use as a road map of
sorts. I assure you that the gov-
ernment not only will give it
serious consideration, but will
make (the council's) work
worthwhile in seeing that some
of the recommendations come
to fruition."
-Bishop Hall said the report is
expected to serve as "an action
plan" that not only provides
the government with recom-
mendations, but also advises
the government on the way for-
ward with regards to the short,
medium and long-term solu-


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tions to some of the challenges
facing the country.
He said the report provides a
comprehensive look at crime
and criminality and its effects
on the Bahamas.
"We usually look at crime as
to the punishment aspect of it
and not enough emphasis is
placed on prevention and the
socialisation process of it with
regards to how a person may
have come to this state, and
some of them at an early age,"
Bishop Hall said.
"Wherever you stand on any
issue, one must take into
account that these people are
not aliens from out of space,
they are our sons and daugh-
ters and while we must punish
on the one hand, we must pre-
vent others from coming to this
state. Some people get so pas-
sionate about a position that
they forget that whatever you
do on this end, you have to
take preventative measures to
ensure that you do not return
to the same place. This report
takes all of that into account."
Bishop Hall said that "no
one response to crime" will
serve as a panacea to the cur-
rent situation.
"We did not get here
overnight and we will not get
over this in a short term," Bish-
op Hall said. "It is going to
take every Bahamian who
loves his/her country partici-
pating and one way of partici-
pating is not to accommodate
criminals on any level.
"We call on all parties, par-
ticular people on the level of
those who make the law and
those who are responsible for
its execution and implementa-
tion to do a better job," he
said.


GLINTON


I SWEETING


CHAIRMAN OF the
National Advisory Coun-
cil on Crime, Bishop
Simeon Hall (left) pre-
sents Minister of Nation-
al Security Tommy Turn-
quest with a copy of the
council's Report on
Tuesday December 9 at
the Ministry of National
Security's Church House
Office. The report listed
40 recommendations
that could be used in the
fight against crime and
criminality in the coun-
try.





Patrick Hanna/BIS


I O'BRIEN


COUNSEL & ATTORNEYS-AT-LAW.


.GLINTON I SWEETING I O'BRIEN WILL HAVE THE FOLLOWING
OFFICE HOURS DURING THE 2008 CHRISTMAS HOLIDAY SEASON:


Wednesday, 24 December (Christmas Eve)
Thursday, 25 December (Christmas Day)
Friday, 26 December (Boxing Day)
Wednesday, 31 December (New Year's Eve)
Thursday, 1st January (New Year's Day)


Office Closed
Public Holiday
Public Holiday
Office closed at 3pm
Public Holiday


OUR OFFICE WILL RESUME NORMAL WORKING HOURS ON
FRIDAY, 2ND JANUARY, 2008.


WE TAKE THIS OPPORTUNITY TO THANK OUR VALUED CLIENTS FOR
THEIR CONTINUED SUPPORT AND EXTEND OUR SINCERE GREETINGS
FOR A HAPPY HOLIDAY SEASON AND A PROSPEROUS NEW YEAR.


LEATHERWARE


EST. 1941





SALE ON SELECT HANDBAGS AND ACCESSORIES






















303 BAY STREET, NASSAU 242 326 0557


THURSDAY, DECEMBER 11, 2008, PAGE 13


THE TRIBUNE






PAGE 14, THURSDAY, DECEMBER 11, 2008


LTHEICIAUNEW


FROM page one
remains the $50 million to be funded. .
The money is to be repaid by NAD to
government with interest.
Mr Ingraham said this new loan will
not greatly affect government debt levels
as it represents a 1.6 per cent increase in
national debt and a 13 per cent increase in
foreign currency debt, which now accounts
for 12 per cent of the country's overall
current debt.
Said Mr Ingraham: "The overall fund-
ing for the Lynden Pindling International
Airport redevelopment is projected to be
some $305 million. It was the intention
of the Nassau Airport Development Com-
pany, and the government at the time to
secure the necessary funding through the
capital markets.


Resolution passed
"However, as we are all aware adverse
developments in the financial markets
have reduced investor demand particu-
larly in relation to the participating debt
component of this funding. I hope, Mr
Speaker, that it is also NAD's intent to
proceed from the $80 million participating
debt to retire all of its outstanding debts
which amounts to $80 million.
"This is so because the participating
debt allows for the cash flow to be entire-
ly dedicated to the servicing and repay-
ment of the other components as it either
defers any interest payment until later or
it will require minimal payments to be
made during the construction period at'
the airport," Mr Ingraham said.


One of NAD's priorities is to upgrade
the existing facility, Mr Ingraham said.
Reading from a 1998 report on the state of
the airport Mr Ingraham said, in part, that
the airport presented a "tired, worn and
unkempt feel of a third world country";
portions of terminal A are over 50 years
old; in the 1990's a portion of the build-
ing's roof collapsed; the airport's infra-
structure is in poor condition; and required
168 separate air conditioning units to be
operated and maintained.
"The building I think is admitted by all
to be below standard for the Bahamas
and while we are preparing for the new
structures, a number of things have been
done and are being done to at least bring
the facility to a minimum standard for the
time being," he said.
Some of the recent improvements at


LPIA are a new $2 million baggage sys-
tem, which was installed in the US depar-
ture area; the painting and new carpet-
ing in the US terminal; upgrades to the
public address system; almost $2 million
was spent on refurbishing the washrooms
throughout the airports; and flight infor-
mation displays added to terminals, among
other additions, Mr Ingraham said.
Also, $1 million has been spent on the
arrival of a new inbound baggage carousel
along with parking lot improvements, he
said, and a $300,000 roof repair to pre-
vent leaks on thousands of dollars Worth
of new carpets.
Mr Ingraham also said that because of
the recent passenger facility charge put
in place and the increase of the non-aero-
nautical fees at the airport, government no
longer has to spend the $45 million it spent


over the past seven years on the airport.
"That gave the government space, Mr
Speaker, to be able to deal with other
things, like for instance increasing the
social assistance to the poor in the society
or providing additional services for the
people of the Bahamas because we no
longer have to spend it on the airport," he
said.
Parliament also passed six pieces of leg-
islation aimed at strengthening the coun-
try's financial services sector, including
amendments to the Financial Transac-
,tions Reporting Act, the Securities Indus-
try Act, Financial Service and Corporate
Providers Act, and Financial Intelligence
Unit Act, and the International Business
Companies Act.
The House adjourned to January 21,
2009.


CAR TIERBOUTIQUES
Nassau:284BayStreet Tel.(242)3022872
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Doctor on incomplete report

FROM page one

ment by Minister of Health Dr Hubert Minnis, gave no indication
that the matter had been resolved, and did not distinguish between
the two classes of licences.
Dr Cleare feels he deserves to tell his side of the story.
He explained that in March 2008 he received notification from the
Hospital and Health Care Facilities Licensing Board (HHFCB) that
because of several physical infractions of his clinic, his facility
licence would be suspended until the required repairs were made.
According to HHFCB: "There was also a report of patients'
laboratory specimens, which should have been forwarded to a lab,
lying around gathering moss. The building was leaking."
In addition to the physical infractions, the report also included
comments from Dr Locksley Munroe who expressing concerns
about the doctor's mental stability.
The chairman for HHFCB notified the Bahamas Medical Coun-
cil (BMC) seeking assistance from the body in "Determining
whether (Dr Cleare) is a fit and proper person to be licensed in such
a facility."
Dr Cleare does admit that there was a leaking roof, which was'
repaired during the suspension of the facility licence, however he
claims the lab specimens that were identified by an inspector were
only placed outside of a refrigerator'because of a malfunction.
Dr Cleare claims the Neoplastic Cytology Laboratory was respon-
sible for collecting the specimens,'but took several days to arrive -
which resulted in the specimens being exposed at the time of the
inspection.
The BMC asked Dr Cleare to undergo psychiatric evaluation, and
he received notification from the council on November 11, express-
ing its satisfaction with his mental state after the examination.
According to acting registrar of BMC Dr Nicholas Hepburn, the
matter has been cleared. "Dr Cleare is free to operate his business
and looks forward to his continued professional progress," he said.
Even with the BMC stamp of approval to conduct business, Dr
Cleare says life has become increasingly difficult because of the way
the matter was made public without any mention of, its resolu-
tion.
He said he is one of only a few physician who practice "over the
hill" and look out for the well-being of the average Bahamian.
He feels that his reputation has been unfairly damaged.


FROM page one
repairs presently being carried
out on the entire roof of the hos-
pital and the fact that two air con-
dition units on the roof of the
operating theatre are being relo-
cated to accommodate the roof
repairs, some leakage occurred
on December 9 which was quick-
ly resolved," it said.
The GBHS noted that the inci-
dent did not affect its ability to
manage the emergency cases
which were presented on Decem-
ber 9.


GB Health Services
. The GBHS further assured the
public that provisions for the
management of surgeries are in
place.
It was noted that elective surg-
eries for December 9 through 11
have been rescheduled and pro-
visions have been made to
address emergency cases.
The GBHS said repairs over
the operating theatre will be
completed on Friday, December
12.


Two (2) Personal

Financial Services

Officers
The successful candidate should possess the following.
qualifications:
A minimum of 5 years banking experience with credit
administration
ABIFS/AICB Diploma or a Bachelor's Degree in Banldng
(or related field)
Previous experience in portfolio and liability
administration would be an asset

Key Skills:
Strong Negotiating/Selling Skills
Strong Problem Solving Skills
Strong Leadership & Coaching
Relationship Building
Impact and Influence
Ability to manage multiple priorities
Demonstrated written and verbal communication
skills
Proficiency in Microsoft Office (WVid & Excel) Required

Responsibilities include:
Contributing to meeting tear sales plan, and related
activities through effective assessmentt of customer
financial needs, providing. product solutions
Maintaining andgrowipihe customer portfolio by
identifying and promot"t personal banking solutions
for customer needs yo' a continuous focus on
relationship building '
Developing and rpiintaining relationships with service
partners to optiliize business opportunities and
referrals '

A competitivelompensation package (base salary &
bonus) comriensurate with relevant experience and
qualificatiors is offered.
Please appk before December 12,2008 to:
Regional Manager
Hu pan Resources
Caribean Banking
RBIW Royal Bank ofCanada
Bahamas Regional Office
'Eas: Hill Street
P.C Box N-7549, Nassau, N.P., Bahamas
Va fax: (242) 322-1367
q ia email:bahcayjp@rbc.comV



HLPNGYO SCCED*oa an


Ki^^^'T~OP ffR e iTd*i~fcrysa


THE TRIBUNt






THE TRIBUNE


THIIURSDAY )DFCFMRFR 11 2.00R PAGF 15







PAGE 16, THURSDAY, DECEMBER 11,2008 THE TRIBUNE


LOCAL'NEWS


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Crime council voices


'serious concern'


about judicial system


FROM page one
system "is simply not working."
This, the Council said, will only increase the
current backlog in cases and further "deteriorate
the tenuous relationship between the public and
the police."
Amongst the 40 recommendations offered, the
Council also recognized that the traditional value.
system "that binds us as a people" is under threat.
"Christian values are not being instilled in our
young people and many parents and adults in
leadership positions are not leading by exam-
ple."
The substantive report was divided into seven
sections, Future Role of the NACC, Crime, Crim-
inal Justice, Crime and Law Enforcement, Crime
and Prison and Rehabilitation, Crime and Social-
ization issues, and Crime and Victims.
Of the major recommendations offered under
the heading Crime and Criminal Justice, by the
NACC were:
Shorten the time between arrest and trial
establish a DNA laboratory for the Police.
Establish a retentions bonuses/scarcity
allowances to attract and retain the services of
competent attorneys to the Attorney General's
office.
On an incremental basis, establish communi-
ty courts to address minor offences.
'* and pilot a programme to electronically mon-
itor individuals released on bail for minor
- offences.
Under the heading, Crime and Law Enforce-
ment, the council recommends:
the enforcement of the underage drinking
laws for all public locations and public functions


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enforce the laws for seemingly minor offences
such as traffic violations, obscene language, envi-
ronmental violations, roadside garages, number
houses, and graffiti
expand police 'hot-spot' patrolling in urban,
public, and tourist areas at public functions and
during weekend and holiday periods
and carrying out capital punishment as it is on
the law books.
Under the heading, crime and prison and reha-
bilitation, the council recommends:
the implementation of a parole board sys-
tem
broadening of public awareness of the prison
discharge certificate
establish an adopt-an-inmate programme at
Her Majesty's Prison
and establishing court facilities at Her
majesty's Prison for further remand purposes to
. obviate the need for busing inmates to court
through busy streets.
Under the heading, socialization issues, the
council recommends:
the strengthening and or development of
community centres and national after-school pro-
grammes to be operated at the community level
promote positive lifestyles and culture for
young people
ensure the wider dissemination of youth orga-
nizations, programmes and services
establish a gang intervention and prevention
programme
discourage the use of firearms, develop -a
strategy to rid our communities of illegal firearms
and to significantly raise the standards and
performance of our education system.


Clarification
FROM page one
As the story noted, the
Department of Statistics
revealed-the concerns of many
that reduced import duty was
not "passed on" to consumers.
However, retailers have told
The Tribune that efforts, are
being made constantly to pass
on savings to shoppers. One
said: "I have been trying so
hard to protect the consumer
and stop Miami shopping."
Yesterday, Minister of
Finance Zhivargo Laing said
increased prices on some food
.items could be the result of
rising landing costs, which
include shipping, insurance
and other factors.
Far from harming retailers'
interests, The Tribune is to
launch a 'Buy Bahamian' cam-
paign in an attempt to boost
the flagging local economy.
And a panel discussion
involving wholesalers and
retailers is being planned on
The Tribune's associated radio
stations.
It is hoped representatives
of all the major food whole-
salers and retailers will take
part in this discussion to out-
line what is being done to
keep prices down.


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PAGE 16, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE







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Man U, Bayern,

Juventus and

Porto finish

on top...
See page 20


"1In n os"n


Let's put

our hands

together

for 'Reno'

WHETHER he wins a medal
or -not, or even some of the
hefty cash purse offered to ama-
teur boxers for the first time,
Taureano "Reno" Johnson
should be commended for mak-
ing it to another prestigious
tournament.
This week, Johnson is attend-
ing the AIBA World Cup in
Moscow, Russia, where he is
one of the eight boxers com-
peting in the welterweight divi-
sion.
Johnson, 24, earned the rights
to travel to the tournament after
he got a No. 5 ranking at the
Beijing Olympic Games in
August.
Unlike the Olympics, which
had a series of qualifying tour-
naments with one or two spots
left open for alternators, the
World Cup is based strictly on
your rankings.
Johnson and his coach Andre
Seymour are both confident
that the only Caribbean repre-
sentative should perform excep-
tionally well at the tournament.
Considering the cash prizes,
inclusive of $10,000 for the gold,
$5,000 for silver and $2,500 for
both competitors in the bronze
medal game, Johnson should be
even more motivated to com-
pete in Moscow than he was in
Beijing.
This is the first time that ama-
teur boxers are actually going
to get paid, which is a step in
the tight direction for the sport,

See RENO, page 20


I9




II




IM


C.2



IN THIS file photo, 24-year-old Olympic welterweight boxer Taureano "Reno" Johnson (right) can be seen
in action at the Beijing.Olympic Games in August, 2008...


It was a disappointing
end for 24-year-old
Olympic welterweight
boxer Taureano "Reno"
Johnson \esterda min one of the
most historical events in ama-
teur boxing.
The No. 5 ranked amateur
boxer lost his quarterfinal
match in the Ist Amateur Inter-
national Boxing Association
IA BA) World Cup m Moscow,
Russia.
After four two-minute
rounds. Johnson fell on points
16-5 in a lopsided margin
against German Jack Keth-Cul-
cay. He will go on to face
Cuban Carlos Banteau.x Suarex
in the next round.
Before the fight, a confident
Johnson expected to win the
match, saying he recently made
the appropriate weight at 152
pounds. "He's a little below my
standard, so I expect to take
this eight he said of Keth-Cul-
cay.
Johnson, one of only two
boxers from the English-speak-
ing Caribbean in the tourna-
ment's 11 contested divisions,
was eliminated just one round
away from the bronze medal
round.
During an interview with The
Tribune before the tournament,
he said that his training regi-


"He's a little

below my

standard, so I

expect to take

this fight..."
Taureano Jobhson

men was somewhat behind
schedule and not as rigid as it
was prior to his performance at
the Beijing Olympic Games,
where he finished fifth.
With just one round before
the boxers make it to the medal
round, the World Cup features
the top eight boxers from
around the world in each weight
class.
An elimination before the
medal round meant Johnson
missed out on an opportunity
to face off against Banteaux
Suarex, who was the silver
medallist in Beijing.-
Beijing Olympics bronze
medallist Jung-Joo Kim. of
Korea, is also entered in the

.SeeFIGHT, page 20









PE2THS ,CBR0TR


Transfiguration a game away from



repeating as the men's champions


AFTER a splendid performance on
Tuesday, Transfiguration is now just
one game away from repeating as the

FIGHT, from page 19
World Cup.
Dilshad Mahmudov, of Uzbek-
istan, is the only other Olympic box-
er entered in the event.
In 1979, the World Cup began as
a competition founded around indi-
vidual athletes. But in 2002, it made
a shift towards being team oriented.
It returned to an individual-athlete
format in this year's edition as it
was relaunched by the AIBA.
Each boxer who makes the
bronze medal round will be award-
ed $2,500. Silver medallists will
receive $5,000 while gold medal-
lists will net $10,000.


men's champions of the Baptist Sports
Council's 2008 Rev Dr William
Thompson Softball Classic.
On Tuesday night at the Banker's
Field, Transfiguration made it look so
easy as they blanked pennant winning
Shaw AME Zion 18-0 to snatch a 2-0
lead in their best-of-five championship
series that will continue 1pm Satur-
day.
Also Tuesday, defending champi-
ons Macedonia showed up in full force
and out-slugged Golden Gates 21-12
to make up for their forfeited loss in
Saturday' game. Their series is now'
even at 1-1 as they head into game
three 10am Safurday..
And on Saturday at 11am, pennant.
winning Temple Fellowship and Mace-
donia will play to break their 1-1 dead-
lock in the 17-and-under championship
series. The league is expected to corn-
plete all three series on Saturday with
all of the remaining games to follow.


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Tel epm'lI-!: lllhone IL 32 [2-8493 ......,



10 011 (5:|ir!i

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Here's a summary of Tuesday
night's games:
Transfiguration 18, Shaw AME 0
Alvin Lightbourne fired a one-hit-
ter, allowing three other batters to
reach one two on walks and another
on an error and he struck out two to
complete the shut-out on the mound
for Transfiguration.
Rashad Seymour was 2-for-4 with
a three-run home run, finishing with
four RBI and two runs scored; Ed
Knowles was 3-for-4 with a solo
homer, two RBI and two runs scored
and Van Johnson was 2-for-3 with a
solo homer and three runs scored.
Everette Johnson helped out with
a RBI single and three runs scored;
Nelson Farrington was 3-for-3 with
two RBI and two runs scored and
iJuliam Collie had a RBI triple, scoring
two runs. Julian Whitfield suffered the
loss.


Macedonia 21, Golden Gates 12
Brian Capron went 3-for-4 with a
solo homer and he finished with two
RBI and two runs scored, while Car-
dinal Gilbert was 2-for-3 with four
runs scored and Kelly Smith walked
three times and scored four times to
lead Macedonia. Vonetta Nairn had
a single, scoring three times; Davanna
Mackey was 2-for-2, scoring twice; Pan
Carroll had a double, scoring a run
and Lynden Gaitor was 1-for-2 with
two runs scored to help out. Harold
Fritzgerald got the win over Johnny
Burrows on the mound. Ramon John-
son had a pair of hits with as many
RBI, scoring three times; Joyce minus
was 2-for-2 with a RBI and two runs
scored; Renee Davis was 2-for-4 with
a RBI and two runs scored; Calvin
Greenslade. 2-for-3 with two runs
scored and Nicola Major had a single
with a RBI, scoring twice for Golden
Gates.


Man U, Bayern, Juventus and Porto finish on top


* By ROBERT MILLWARD
AP Football Writer
LONDON (AP) -
Defending champion Man-
chester United, Bayern
Munich, FC Porto and.Juven-
tus finished on top of their
Champions League groups
on Wednesday.
Wayne Rooney's second
half strike salvaged a draw
for Man United which trailed
to Aalborg at Old Trafford
and made sure the Red Dev-
ils finished a point clear of
Villarreal, which went down
2-0 at last place Celtic in
Group E.
"Every game at home we
try to win, especially after
taking the lead so early, so
we are disappointed not to
get three points," Rooney
said. "Possibly the tempo of
our game was not quick
enough in the first half and
to concede two sloppy goals,
we are really disappointed
with that, but we still finished
top of the group."
Raul Gonzalez scored
twice to lead Madrid to its 3-


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UEFA CHAMPIONS LEAGUE


0 victory over Zenit St.
Petersburg and become the
all-time top scorer in Euro-
pean club competitions with
66 goals. Although Juventus
and Madrid finished with 12
points each, Juventus finished
top because of its two victo-
ries over the Spanish club.
It was Madrid's first game
with Juande. Ramos in
charge. The former Sevilla
and Tottenham coach took
over after Bernd Schuster
was fired on Tuesday.
"The most positive thing is
the clear and dominating vic-
tory," Ramos said. "The best
thing is that we have gained
some confidence .in ourselves
which will help against
Barcelona (on Saturday)."
Both Porto and Arsenal
had already qualified but
goals by Bruno Alves and
Lisandro Lopez gave the Por-
tuguese club, a two-time
Champions League winner,
top place even though it lost
4-0 at Arsenal on Sept. 30.
With the 16 qualifiers
already known before
Wednesday, the only issues
left on the final day of group
play were who finished top
and which eliminated clubs
had the consolation of play-
ing in the next round of the
UEFA Cup.


The other four group win-
ners going into the Decem-
ber 19 draw are: AS Roma,
Panathinaikos, Barcelona and
Liverpool. '
The eight runners up are:
Chelsea, Inter Milan, Sport-
ing Lisbon, Atletico Madrid,
Villarreal, Lyon, Arsenal and
Madrid.
The eight third-place teams
which drop into the UEFA
Cup are: Bordeaux, Werder
Bremen, Shakhtar Donetsk,
Marseille, Aalborg, Fiorenti-
na, Dynamo Kiev and
defending champion Zenit St.'
Peterburg.
Because of competition
rules, group winners can't
face each other and neither
can teams from the same
group or same countries.
But it still means that the
Dec. 19 draw could produce
eye-catching matchups such
as Manchester United-Real
Madrid, Barcelona-Chelsea,
Liverpool-Inter Milan, Bay-
ern Munich-Arsenal, Juven-
tus-Lyon.
On Wednesday, Dynamo
Kiev edged Fenerbahce 1-0
in Group G, Fiorentina won
1-0 at Steaua Bucharest in
Group F, Aalborg had
already made it from Group
E, and Dynamo Kiev beat
Fenerbahce 1-0 in Group G.


Let's put our hands

together for 'Reno'

especially when moneys are being
offered for just about all of the elite
amateur sports.
Although they are fighting for
money, the rules of the sport itself
remain the same, which keeps it
distinctively different from profes-
sional boxing.
Does this mean that moneys will
be pumped into more events organ-
ised by the AIBA? That remains to
be seen. But I think the incentives
will enable the amateur boxers to
stay around the sport a little longer
before turning pro.
After falling short of advancing
to the bronze medal round in Bei-
jing, Johnson had contemplated
turning pro because he felt he had
achieved the ultimate goal box.-
ing in the Olympics.
But I'm sure that after he returns
from Moscow with some of the
cash in his pocket, he will probably
reconsider looking ahead to box-
ing as an amateur a little longer,
once there are other incentives to
keep him going.
Johnson is on the verge of adding
another historic feat to his resume
and he should be commended for
qualifying to compete in yet anoth-
er prestigious tournament.
An historic course
THE College of the Bahamas
should be commended for taking
the initiative to bring home some of
the top Bahamian track and field
coaches in the United States for a
clinic here in New Providence.
COB is scheduled to host their
first Track and Field Winter Clinic
3,-7pm next week Monday to Friday
at its Wellness Center and the
Thomas A Robinson Track and
Field Stadium..
The clinic is expected to feature
the return home of Rolando
Greene, associate head coach at
the University of Arkansas and
Pauline Davis-Thompson, now an
assistant coach on the women's
team at the University of Ten-
nessee.
Norbert Elliott, also an assistant
coach for the men's track team at
the University of Tennessee, was
also expected to make up the field
but is unable to attend because of
family matters.
It's also the first time that the
Bahamas has two Bahamians,
Davis-Thompson and Elliott, work-
ing on the track team at the same
university.
In the past, we've had a lot of
clinics conducted here in the
Bahamas, but it's the first time that
it's going to be strictly done by
Bahamians.
So while COB must be com-
mended, we want to encourage the
local coaches and athletes to take
advantage of the rare opportunity
to see the Bahamian coaches from
abroad in action next week.


$ naturalized


Madeira Shopping Plaza 328-0703
Marathon Mall 393-6113
RND Plaza, Freeport 351-3274


TRIBUNE SPORTS


PAGE 20, THURSDAY, DECEMBER 11, 2008








InIov IllME-_ %l)Fl %a[ I I %-j
TI~~~~~~~~PNERAIOA SPORTS~THRDYDCMBR1,20,PAE2



Wade's start puts


him in rare NBA air


*


MIAMI HEAT guard Dwayne Wade (3) looks to drive past Phoenix Suns' Shaquille O'Neal during the
first quarter of an NBA basketball game Friday, Nov. 28, 2008, in Phoenix.



Creditors object to Vick finance statement


* BASKETBALL
MIAMI
Associated Press
EVEN Dwyane Wade was a
bit astonished when he learned
about the company he's in these
days.
Out of the nearly 4,000 play-
ers who've suited up in NBA
history, only two Oscar
Robertson and Michael Jordan
- finished a season with the
sort of numbers Wade is putting
up so far this season for the
Miami Heat. Healthy again,
Wade is averaging a league-best
29.5 points, along with 7.5 assists
and 5 rebounds through 21
games.
And Wade wants more.
"Hopefully I can do better,"
Wade said. "For right now, it's
always great to be in the con-
versation with anybody the likes
of Michael Jordan and Oscar...
but they did do it for a whole
season. Mine is only 20-some
games in. I've got 60-some more
to go."
So can he keep this up'?
"I guess we'll see," Wade
said.
Across the board, Wade is on
his way to having his best sea-
son in a number of categories.
His scoring is 2.1 points higher
than his previous per-game
average best. He's also on pace


to establish new career-highs in
field-goal shooting, 3-pointers
made, steals and blocked shots,
and is certainly the biggest rea-
son why the Heat who were
the NBA's laughingstock last
year are off to a 12-9 start
this season.
For Wade, the two injury-
marred seasons that followed
Miami's 2006 championship
campaign are "dead and gone,"
just like the stigma of last year's

"This league is
too good. If
you're not
healthy, you
can't do it, I
don't care how
gifted you are."

Scott Brooks

15-67 debacle.
"Health is a big part of all
player's performance," Okla-
homa City coach Scott Brooks
said. "This league is too good. If
you're not healthy, you can't do
it, I don't care how gifted you
are. He's obviously healthy and
he's one of the best players in


the game right now.
"He does everything. Blocks
shots, passes, gets steals, he can
score so many different ways.
He's healthy. You can see it."
By now, Wade's medical his-
tory 'is well-known to those
who've followed his meteoric
rise in Miami.
He dislocated his left shoul-
der in February 2007, a season
where he battled sore knees as
well. By the time he came back
from the shoulder injury, the
kneeswere shot, and so were
Miami's chances of defending
its championship. The Heat got
into the playoffs, but with Wade
dragging one leg around, got
swept by the Chicago Bulls.
Last season was worse. Wade
was limited to 51 games because
of the myriad of injuries, the
Heat fell apart, Shaquille
O'Neal got traded and Pat Riley
decided at season's end to hang
up his whistle for the second
and final time.
So before heading off to the
Beijing Olympics, Wade adopt-
ed a catchphrase: "Something
to prove."
Based on the way he's play-
ing, that's more than just words.
"He's always been good, but
what he's doing now, I don't
know if anybody can play any
better, at both ends," Charlotte
coach Larry Brown said.


* FOOTBALL
RICHMOND, Va.
Associated Press

MAJOR creditors in
Michael Vick's bankruptcy
case say a disclosure state-
mrent he filed last month
lacks sufficient detail on
his finances and his
prospects of returning to
the NFL.
A committee of credi-
tors, including the Atlanta
Falcons, objected to Vick's
disclosure statement in
papers filed Tuesday in
U.S. Bankruptcy Court in


Newport News, Va.
A hearing on thd matter
is scheduled for Tuesday.
The disclosure statement
says Vick has reason to
believe 'he will be able to
resume his NFL career
after he completes his 23-
month prison term for
bankrolling a dogfighting
ring. But the creditors say
Vick, who remains sus-
pended by the league, fails
to back up that statement.
They also say the state-
ment fails to explain mil-
lions of dollars in spending
and transfers.


WItamo awnd

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THURSDAY, DECEMBER 11, 2008, PAGE 21


TRIBUNE SPORTS








PAGE22,iI-IURDAY, DCEMBERR1,2008TRIBUNSSPORT


Favre: 'I expect us to




make the playoffs'


NEW YORK Jets
quarterback
Brett Favre
reacts to a
missed pass
during the sec-
ond half on an
NFL football
game against the
Sah Fransisco
49ers in San
Francisco, Sun-
day, Dec. 7,
2008. San Fran-
cisco won 24-
14.


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* FOOTBALL
FLORHAM PARK, N.J.
Associated Press
BRETT FAVRE has been
through too many playoff races
to allow his confidence to
waver.
Nope, not even now, with the
New York Jets going from
anointed as an AFC Super
Bowl favorite to being labeled a
huge disappointment in just two
weeks.
"I expect us to make the play-
offs," Favre said Wednesday.
"I would hope that every guy
in that locker room feels the
same way. Why think any dif-
ferent?"
Well, because after impres-
sive victories on the road at,
New England and previously
undefeated Tennessee punctu-
ated a five-game winning streak,
the Jets (8-5) have, looked lousy
in losses to Denver and San
Francisco. That's hardly the
mark of a team destined for
postseason greatness.
"I didn't expect us to lose the
last two games," Favre said.
"But I don't know if too many
people expected us to win five
straight. Maybe our team did.
So, if we're able to win five
straight and accept that, then
we have to be willing to deal
with these two games that we've
lost and figure out a way to turn
it around."
The grizzled quarterback was
asked if this last stretch of
games could be considered


"Favre Time," with so much on
the line this late in the season.
"What is Favre Time? Magic
or whatever?" Favre said with a
laugh, reaching into his shorts
pockets and throwing his hands
in the air. "We'll see. My inten-
tions are to go out and win
every game. My intentions are
to go out and make every play a
great play."
.One place to start would be
on third- and fourth-d6wn
opportunities. The Jets went 1-
for-10 on third downs against
the 49ers and 3-for-ll against
the Broncos, and were 1-for-5
on fourth downs in those two
games.
"Whenever you go 1-for-10
on third-down conversions,
you're going to have a game
where you've only got 20 min-
utes possession," coach Eric
Mangini said.
"When you have those limit-
ed opportunities, it's hard to
score a lot of points with having
the ball for such a short amount
of time."
After scoring 115 points in
their last three victories, a fran-
chise record for scoreboard pro-
duction, the Jets have just 31
since.
Favre has shouldered some
of the blame, saying he hasn't
been as sharp as he could with
throws and decisions.
"I don't think there's any one
part of my game that shouldn't
get better," he said. "I'm never
content with the way I play. I'm
always looking for an edge."


JACKSONVILLE Jaguars running Fred Taylor, right, is tackled by
Chicago Bears' Mike Brown during the first quarter of an NFL foot-
ball game, Sunday, Dec. 7, 2008 in Chicago.


Jaguars could be

without Taylor for

final 3 games


* FOOTBALL
JACKSONVILLE, Fla.
Associated Press
FRED TAYLOR spent the
last few years trying to shake
off the nickname that haunted
him early in his career.
Determined to never be
called "'Fragile Fred" again,
Taylor is doing all he can to play
with torn ligaments in his left


thumb. He was awaiting a sec-
ond opinion Wednesday on the
thumb before deciding whether
to join Jacksonville's growing
injured reserve list.
"I can tolerate a lot of pain,"
Taylor said. "For a lot of years,
it's been said that I couldn't.
But I can."
Taylor, 16th on the NFL's
career rushing list with 11,271
yards, hurt his thumb during a
run Sunday at Chicago. The sur-
rounding area was red, purple
and swollen after the game, but
Taylor said it has improved con-
siderably since.
Taylor didn't practice
Wednesday, but was working
with several braces in hopes of
finding one that would be com-
fortable to play in Sunday
against Green Bay.
If he plays.
Two doctors have advised
Taylor that he should have sea-
son-ending surgery, but Taylor
sent the MRI exam ro
renowned orthopedist Dr.
James Andrews in Birmingham,
Ala., for another opinion.
"I trust the docs that we have,
but it's always good to get
another set of professional eyes
on it," Taylor said. "Right now,
it just feels like a bad sprain.....
I'm not in a rush to tank it. I
would like to finish this season."
Just in case Taylor can't finish
the season, the Jaguars worked
out running backs Alvin Pear-
man and LaBrandon Toefield
on Wednesday and signed Keon
Lattimore to the practice squad.
Jacksonville also placed full-
back Greg Jones (ankle) on IR,
activated cornerback Isaiah
Gardner off the practice squad
and signed defensive tackle
Attiyah Ellison off San Fran-
cisco's practice squad.
Jones was the latest in a long
list of players lost for the season.
Receiver Jerry Porter (groin)
could join him there, Del Rio(
said.


Cavs' Gibson

out with toe

injury

* BASKETBALL
CLEVELAND
Associated Press
CAVALIERS guard Daniel
Gibson will miss two weeks
with an injured toe in the first
setback this season for the
NBA's hottest team.
Gibson sprained his left big
toe in the second quarter of
Tuesday night's win over
Toronto. He did not travel to
Cleveland's game in Philadel-
phia, staying back Wednesday
to be examined by Dr. Jim
Sferra at Cleveland Clinic
Sports Health and to undergo
an MRI and X-rays. The,team
said he did not provide results
of those tests.
One of the Cavs' top
reserves and outside shooters,
Gibson is averaging 9.4 points
and 24 minutes for the Cava-
liers, who have won nine
straight games and are 17-1
since Nov. 3.
With a 114-94 romp over the
Raptors, Clevelan'd became.,
the first team ig teague history--
to win nine gamesrin a row by
at least 12 points.
Gibson has begun to find his
touch after being in a pro-
longed shooting slump. He has
averaged 13.8 points and made
8 of 14 3-pointers in four
games this month.
Cavs coach Mike Brown will 4
likely extend the minutes for
guards Mo Williams and
Delonte West until Gibson
returns. Also, reserve Sasha
Pavlovic can play in the back-
court and may get more play-
ing time.

Lions C Raiola

tries to move past

gesture and fine

* FOOTBALL
ALLEN PARK, Mich.
Associated Press
DETROIT LIONS center
Dominic Raiola tried to shift
the focus away from himself
and toward a matchup with the
Indianapolis Colts.
"Let's talk about Indy,"
Raiola said often on Wednes-
day.
The Lions fined Raiola
$7,500 Tuesday for inappropri-
ate conduct directed toward
fans. "They did what they had
to do," he said. "It's going to
charity, it's fine.
"It's going to be automati-
cally and it's done. There's
nothing to talk about."
He made an offensive ges-
ture toward fans during Sun-
day's home loss to Minnesota,
and the eight-year veteran said
the next day he didn't regret
his reaction to hecklers.
Raiola declined to answer a
question Wednesday about
whether he wanted to back
down from anything.
"I'm done talking about


that," he said.
Raiola did say, though, for-
mer coach Steve Mariucci also
punished him for actions
toward fans. ,
"Am I a bad apple now?" be
asked. "I got fined before '-
Mooch fined me for doing
stuff with the crowd. This is not
the first time."
Raiola was asked if he cared
about fans.
"I care about the ones who
care," he said.
The NFL said Monday it was
looking into the matter, but
Lions executive vice president
Tom Lewand says the league is
satisfied with the team's
response.


TRIBUNE SPORTS


PAGE 22, THURSDAY, DECEMBER 11, 2008


in1h,
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THE TRIBUNE THURSDAY. DECEMBER 11. 2008. PAGE 23


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PAGE 4, TURSDY, DEEMBE 11,2008AHE TNBUN


Designed to sell,


Paradise Island style
THE businesswomen at and D6cor teamed up for a adise Island last month.
Paradise Sales and Rentals unique open house at an Diane Sturm, a real estate
and Wild Orchid Furniture investment property on Par- agent at Paradise Sales and
Rentals, approached her client
Alicia Sands, owner of Wild
Orchid, a new store on
Madeira Street in Palmdale,
with the idea for some cross-
marketing at the open house.
Wild Orchid staged the
apartment with stylish accent
pieces, artwork, linens and
even contemporary outdoor
furniture for the balcony.
"In a buyers market this
kind of preparation and atten-
tion to detail makes all the dif-
ference when selling or rent-
ing your property," said
Andrea Brownrigg, broker
and president of Paradise
Sales and Rentals.
"We're happy to share our
knowledge of cost effective
ways to maximize your prop-
erties potential. This level of
professional service is very
important to us and to our real
estate clients."
The before and after pic-
tures demonstrate how a few
well placed accessories and
simple fixes can dramatically
enhance a property and help it
stand out in the minds of
potential buyers or tenants.
"We had fun with this
HGTV style project," said
Chandra Parker McCallum,
one of the real estate agents
involved.
"Some of the changes we
recommended to the owner in
this case included refinishing
mismatched or scratched
wood furniture with a consis-
tent wood stain, removal of a
large entertainment centre
which made the space feel
smaller than it actually is, fresh
paint, nice artwork, adding
quality bed linens and a few
4 often overlooked but very
important things like replac-
ing burnt out light bulbs."
The impressive results were
revealed at an open house on
Thursday, November 20, wit h'
positive feedback from all
ends, including potential buy-.
ers, agents, the seller and the.
companies involved.



~ Official defends

Cuba's human

rights record
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FOREIGN Minister Felipe
Perez Roque defended Cuba's
human rights record Wednes-
day, recognizing some "imper-
fections" but saying the com-
munist-run island can be proud
of how it has treated its peo-
ple, according to Associated
Press.
"After 50 years, a work has
been constructed favoring the
rights of all Cubans," Perez
Roque told reporters, referring
to the Cuban revolution's half-
century in power. The minister
called it an "imperfect work,"
but said, "Cuba can celebrate
this day with head held high."
Perez Roque spoke as he
arrived for an international
conference on the 60th anniver-
sary of the signing of the Uni-
versal Declaration of Human
Rights, which set a worldwide
standard for how countries
should treat people. Cuba is a
signatory to the declaration.
The United States and sev-
eral independent human rights
groups accuse Cuba of violating
rights of free speech, assembly
and the press, say its courts
are unfair and accuse it of hold-
ing at least 219 political prison-
ers.
Also marking the day, about
30 wives of political prisoners
marched peacefully down a
Havana street to demand the
release of their loved ones. The
husbands of the women known
as the "Ladies in White" were
among 75 dissidents, rights
activists and others sentenced
to long prison terms after a
2003 government crackdown on
the opposition.


PAGE 24, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE











THURSDAY, DECEMBER 11, 2008, PAUL-.


THE TRIBUNE


Cruise ship plans to evacuate to avoid pirate attack


* BERLIN

A GERMAN cruise ship plans
to evacuate passengers in Yemen
and fly them to the next port of
call Wednesday to avoid any pos-
sible encounters with pirates off
the coast of lawless Somalia,
according to the Associated Press.
Several other cruise operators
said Tuesday they were also shift-
ing or canceling tours that would
have taken clients past Somalia,
as nations and companies around
the world debated how to con-
front the piracy dominating the
Gulf of Aden.
The European Union said its
anti-piracy mission would station
armed guards on vulnerable car-
go ships the first such deploy-
ment of military personnel dur-
ing international anti-piracy
operations in the crucial water-
way.
But that deployment would
not cover cruise ships, and at
least two companies have already
altered or canceled routes that
would have brought passengers
within the reach of pirates.
The M/S Columbus, on an
around-the-world trip that began
in Italy, will drop off its 246 pas-
sengers Wednesday at the
Yemeni port of Hodeidah before
sailing through the gulf, the
Hapag-Lloyd cruise company
said.
Passengers will take a charter
flight to Dubai and spend three
days at a five-star hotel waiting to
rejoin the 150-meter (490-foot)


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a uig:illf- 6Ai v iiIjI


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.... li II II $ tl g I


IN THIS PHOTO taken Wednesday, April 30, 2008, the MS Columbus cruise ship is seen passing through the Suez canal in Ismailia,
Egypt. German cruise operator Hapag-Lloyd said Tuesday Dec. 9, 2008, that the MS Columbus will evacuate passengers before sailing
through waters off the Somali coast and fly them to the next port of call to protect them from possible pirate attacks.

vessel in Oman's port of Salalah cruise liners as well as commer- Pirates have attacked 32 ves- $100 million in crude an
for the remainder of the trip. The cial vessels. On Nov. 30, pirates sels and hijacked 12 of them Ukrainian ship loaded with ta
Hamburg-based company called fired upon the M/S Nautica a since NATO deployed a four- and heavy weapons.
the shift a "precautionary mea- cruise liner carrying 650 passen- vessel flotilla in the region Oct. Hapag-Lloyd decided on
sure." gers and 400 crew but the 24 to escort cargo ships and con- detour for its passengers al
Piracy has become rampant massive ship outran its assailants. duct anti-piracy patrols. Ships the German government den
off the Somali coast, and recent- Other ships have not been so still being held for huge ransoms the company's request for a se
ly pirates have begun targeting lucky. include a Saudi oil tanker carry- rity escort through the gulf, c


pany spokesman Rainer Mueller
said. "We won't travel through
the Gulf of Aden with passen-
gers" as long as the German For-
eign Ministry's travel warning is
in effect, Mueller said.
Another German cruise ship
operator, Stuttgart-based Hansa
Touristik, canceled a trip that
would have brought the M/S Ari-
on through the Gulf on Dec. 27,
company spokeswoman Birgit
Kelern said.
Directors of a third German
cruise company, the Bremen-
based Plantours & Partner, were
meeting with ship captains in
Venice, Italy to decide whether
to go ahead with a trip through
the gulf. Passengers will learn
Wednesday whether the M/S
Vistamar will set sail Dec. 16 as
planned, spokeswoman Sandra
Marnen said.
A U.S. Navy official said while
0 the danger of a pirate attack was'
_ significant, it was not advising. '
._ ships to avoid transiting ithe gulf.
< "We are advising all shipto
ing transit through the intern a t i uoal
traffic corridor within the 0i1
of Aden," saidLt. Nathan Chib-W
tensen, a Bahrain-baki
spokesman for the U.S. Na\
5th Fleet, referring to a secure
d a corridor patrolled b\ the in i
ks national coalition since Augu,-
Some 21,000 ships a year -
the or more than 50 a day cross
after the Gulf of Aden, which links
aied the Mediterranean Sea, the Suez
ecu- Canal and the Red Sea to the
)m- Indian Ocean.








PAGE 26, THURSDAY, DECEMBER 11, 2008 THE TRIBUNE


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THE TRIBUNE


-PAGE 26, THURSDAY, DECEMBER 11, 2008


7-`7-


r^









il t I rI- lD U li r- I. .. . .. .. . ...-


INERATIOALN


0 In brief

Irish won't

-halt beef

sales despite

dioxin scare
DUBLIN, Ireland


IRISH officials confirmed
Tuesday that cattle at three
farms have tested positive
for dioxin the cancer-
causing chemical that has
contaminated its pork indus-
try but insisted the coun-
try's beef posed no real risk
to health, according to the
Associated Press.
Ireland has already
ordered the withdrawal and
destruction of all pork prod-
ucts produced since Sept. 1, a
sweeping move the govern-
ment says should reinforce
not undermine interna-
tional confidence in Ireland's
food exports.
But Agriculture Minister
Brendan Smith said the gov-
r ernment decided not to
recall any Irish beef products
at home or abroad because,
unlike the contamination of
pork products, the level and
extent of dioxin found so far
in cattle is much lower.
Smith said the cattle with
excessive dioxin levels were
"technically noncompliant,
but not at a level that would
pose any public health con-
cern." Still, he said Ireland
would prevent the movement
of any cattle or beef from the
three farms in question.
Alan Reilly, deputy direc-
tor of the Food Safety
Authority of Ireland,
stressed that the dioxin lev-
els found in the most conta-
minated cattle were just two
to three times European
Union safety limits, whereas
pigs at nine dioxin-threat-
ened Irish farms recorded
dioxin levels 80 to 200 times
too high.
"There's a huge difference
between 200 times above a
legal limit, and two to three
times,';Reilly said,
The government declined
to say NheUicf an\ cattle
from the three farms had
produced beef that went to
foreign markets. Reilly said
most of the beef produced
since September was still in
storage, being aged to
improve its tenderness and
taste.
A recall of Irish beef
would do even greater dam-
age to Ireland's recession-hit
,economy than its emergency
shutdown Saturd'ay of the
pork industry. Ireland has
69,000 beef farms but just
400 pig farms.
Ireland exports 85 percent
of its beef to about 35 other
countries, chiefly in Europe,
a trade valued at more than
eurol.5 billion ($2.2 billion).
Irish pork generates only a
third as much money and
reaches 25 other countries.
In both cases, neighboring
Britain is Ireland's major
customer.


RUbblAN
President
Dmitry
Medvedev pays
last respects to
late Patriarch
Alexy II, during
his funeral in
Moscow's
Christ the Sav-
ior Cathedral,
Tuesday, Dec.
9, 2008.


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MOSCOW
IN A somber service that
echoed with ancient chants,
Russia paid final tribute Tues-
day to Patriarch Alexy II, who
rebuilt the dominant Orthodox
Church after 70 years of Com-
munist repression but was
sometimes criticized for forging
close ties to the Kremlin,
according to the Associated
Press.
White-robed priests, govern-
ment officials and two relatives
of the last czar stood shoulder-
to-shoulder in the crowd that
thronged the soaring Christ the
Savior Cathedral for a six-hour
service for Alexy, who died Fri-
day at age 79. He was later
buried in a marble sarcophagus
at the Epiphany Cathedral
across town.
"We are burying a great man,
a great son of our nation, a
beautiful holy fruit grown by
our Russian church," said the
Rev. Dmitry Smirnov, a
Moscow archpriest. "Our whole
. nation has been orphaned."
Chosen as patriarch in 1990, a
year before the Soviet breakup,
Alexy turned his church into
the world's largest and richest
Orthodox denomination a
remarkably successful effort to
revive thie enormous power-the
institution wielded befd f&he'
1917 Bolshevik&evolution.
Alexy also renewed the
church's historically close ties
with the Kremlin, earning the
church considerable financial
support as well as privileges
beyond those granted Russia's
other officially recognized
faiths.
Tuesday's funeral followed
nearly three days of around-
the-clock viewing of the patri-
arch's body. An estimated
80,000 people waited for hours
in the rain outside the cathe-
dral to file past his coffin and
pay their last respects.
"He's done so much for us
while he was alive, and we all
hope he'll help protect Russia
and Russians from heaven,"
said Alexandra Makanina, 58, a
former schoolteacher from the
city of Kaluga near Moscow.
Alexy's body lay in an open
casket surrounded by white ros-
es and candles, his face and


RUSSIAN Prime Minister Vladimir Putin, left, pays last respects to
late Patriarch Alexy II, during his funeral in Moscow's Christ the Sav-
ior Cathedral, Tuesday, Dec. 9, 2008, his wife Lyudmila at the left.


body covered by a white-and-
gold embroidered cloth.
The opulent ceremony mir-
rored services Alexv himself
Sled at the cathedral the
nation'ss largest "with its gild-
ed, soaring arches. There were
glittering robes, clouds of
incense, chanted prayers as well
as the upturned faces of the
faithful.
The service was led by Met-
ropolitan Kirill, Alexy's tem-
porary replacement and a top
contender to become the next


patriarch when church officials
name a new leader next year.
Still, in the middle of the cer-
emony,. Kirill tottered and near-
ly fell which could raise
questions about whether the
62-year-old cleric is capable of
heading the church.
By tradition, Kirill referred
to Alexy as "the Holiest."
"The Holiest received the
church weakened by decades
of repression," Kirill said. "The
Holiest left us another church
that reunited with its people."


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LS bid farewell to


ax church leader


A P .









THE TRIBUNE


PAGE 28, THURSDAY, DECEMBER 11, 2008


INERATIOALNW


ZIMBABWEANS
wait to get water
from a water point
in Glen View,
Harare, Zimbabwe
Monday, Dec. 8,
2008. European
Union nations
moved to tighten
sanctions against
Zimbabwe's gov-
ernment on Mon-
day and stood
united in calling
for the country's
authoritarian
leader Robert
Mugabe to "step
down."


* JOHANNESBURG,
South Africa
RENEWED criticism against
Zimbabwe's President Robert
Mugabe amid a cholera out-
break shows growing interna-
tional outrage at the suffering
there, but action to oust his
regime will be harder to come
by, according to the Associated
Press.
U.S. President George W.
Bush, British Prime Minister
Gordon Brown and French
President Nicolas Sarkozy have
called in the last week for Zim-
babwe's 84-year-old leader to
go.
Former U.S. President Jim-
my Carter told National Public
Radio that humanitarian con-
ditions are "horrifying" in the
southern African country, and
that "the Mugabe government
is so corrupt" only material
goods not cash should be
sent to help the country's peo-
ple, according to an interview
posted Tuesday on NPR's Web
site.
Some African leaders have
again voiced frustration with


Mugabe, transcending their usu-
al practice of saying nothing
against the man who is consid-
ered a hero among African free-
dom fighters and has ruled his
country since its 1980 indepen-
dence from Britain.
But the West says the burden
of action rests with Zimbabwe's
neighbors, and main regional
power South Africa said Tues-
day it would not send troops.
South Africa also maintained
that the answer for Zimbabwe
was power-sharing, not ousting
Mugabe.
Solution

"There should be no politi-
cal point scoring and games
played when what is really
needed right now is support,"
South African Foreign Min-
istry official Ayanda Ntsaluba
told reporters. He said Zim-
babwean leaders needed to
work across the political divide
to solve the country's prob-
lems.
Zimbabwe, once the region's
breadbaskets, as seen its agri-
cultural sector collapse under


Mugabe. There are chronic
shortages of food, fuel and
cash. The health system has
collapsed and a cholera out-
break has killed 589 people
and spread to Botswana, South
Africa and Mozambique.
Botswana has called for
Zimbabwe's neighbors to iso-
late Mugabe by closing their
borders while Nobel peace lau-
reate Desmond Tutu said mil-
itary force should be used if
the leader refuses to relinquish
power.
"We urge others from the
region to step up and join the
growing chorus of voices call-
ing for an end to Mugabe's
tyranny," Bush said in a brief,
strongly worded statement.
The European Union added
11 names Monday to its list of
more than 170 Zimbabwean
officials banned from travel-
ing to the bloc and froze their
assets. The EU also has black-
listed four companies linked
to Mugabe's regime. The bloc
- one of Zimbabwe's major
donors has frozen aid pro-
jects and imposed an arms
embargo.


Panda bites park keeper in Hong Kong


* HONG KONG
A GIANT PANDA named
Peace bit a park keeper's left
leg while he was laying bamboo
leaves in the animal's pen at a
Hong Kong amusement park,
officials said Tuesday, according
to the Associated Press.
The park staffer was recov-
ering well in hospital after the
attack at Ocean Park, which has
four giant pandas from China,
park spokeswoman Christie
Lau said.
Lau said park officials were
still investigating the Nov. 30
incident involving the male pan-
da, whose name, An An, means


"peace" in Mandarin. Lau
declined to provide further
details.
A park visitor posted a video
clip on YouTube that allegedly
shows the post-attack scene,
with the keeper in a green park
uniform crawling out of the
panda pen as the furry animal
runs back into its den.
The mass-market Apple Dai-
ly newspaper quoted an uniden-
tified park employee as saying
the keeper did not follow prop-
er protocol, which requires lock-
ing pandas in their sleeping dens
before putting bamboo leaves
in their habitat.
Although pandas look cute


and cuddly, they are wild ani-
mals that can be violent when
provoked or startled.
Last month, a panda bit a col-
lege student in the southern
Chinese city of Guilin after the
student went into the animal's
enclosure and tried to hug it.
A gift from the mainland Chi-
nese government, An An
arrived in Hong Kong in 1999
with female consort Jia Jia from
the southwestern province of
Sichuan. Another two giant
pandas were also moved to the
territory last year to celebrate
the 10th anniversary of this for-
mer British colony's return to
Chinese rule.


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Criticism shows


growing frustration


with Mugabe










THURSDAY, DECEMBER 11, 2008, PAGE 29


THE TRIBUNE


. & S IOALEW


0 In brief


Accused 9/11

plotters say

they want to

confess

* GUANTANAMO BAY
NAVAL BASE, Cuba

THE FIVE MEN charged
with orchestrating the Sept.
11 attacks are in a hurry to
enter guilty pleas on their
apparent quest for martyr-
dom, with only six weeks
remaining before President-
elect Barack Obama takes
office, according to the Asso-
ciated Press.
But a lawyer for one said he
would not give up the fight,
despite his client's wishes.
The Guantanamo detainees
said they decided on Nov. 4
- the day Obama was elect-
ed to abandon their
defenses in their death-penal-
ty trials. Obama opposes the
military war-crimes trials and
has pledged to close Guan-
tanamo's detention center,
which holds some 250 men.
Thomas Durkin, a Chicago
lawyer for one of the defen-
dants, said he did not think it
was a coincidence that they
wrote a letter on election day
announcing they would con-
fess. Another lawyer said he
would not give up.
"A lawyer's ethical obliga-
tion is to raise every defense
possible," said Edward
MacMahon, of Middleburg,
Va. "It's a lawyer's obligation
to keep fighting."
Khalid Sheikh Mohammed
said Monday he will confess
to masterminding the attacks
that killed 2,975 people. The
four other defendants did the
same, in effect daring the
Pentagon to give them death
sentences.
The judge ordered lawyers
to advise him by Jan. .4
whether the Pentagon can
apply the death penalty -
which military prosecutors
are seeking without a jury
trial.


NATO kills Taliban

commander in

targeted operation

* KABUL, Afghanistan

NATO and Afghan forces
killed a Taliban commander
during a targeted operation
just south of Kabul in a
province militant fighters have
poured into this year, the
NATO-led force said Tues-
day, according to the Associat-
ed Press.
The commander, Moham-
mad Bobi, had facilitated sui-
cide bombings and had a his-
tory of torturing and kidnap-
ping Afghan civilians in the
province of Logar, NATO
said.
Bobi was given the option
of surrendering, but he instead
attacked the combined force
and was killed during an
overnight raid, NATO said.
His death was confirmed
Tuesday.
Logar province, which is
directly south of Kabul
province, has seen an influx of
Taliban militants this year.
Residents there say the gov-
ernment has little or no con-
trol in the province outside the
provincial capital.


POLISH children
sing Christmas
Carols calling for
delegates of the
U.N. Climate
Change Confer-
ence to show
wisdom, in Poz-
nan, Poland, Fri-
day, Dec. 5,
2008. Delegates
from about 190
countries and
non-governmen-
tal organizations
are discussing
climate change
issues on the
U.N. Climate
Change Confer-
ence in Poznan.


Scientists try to mitigate


climate change effects


* POZNAN, Poland

SCIENTISTS studying the
changing nature of the Earth's
climate say they have complet-
ed one crucial task proving
beyond a doubt that global
warming is real, according to
the Associated Press.
Now they have to figure out
just what to do about it.
"It is critical for us to get a
much better understanding of
the impact of climate change in
some parts of the world,"
Rajendra Pachauri, chairman
of the U.N.'s Intergovernmen-
tal Panel on Climate Change,
told The Associated Press in an
interview Tuesday.
Scientific warnings of poten-
tial catastrophe have been the
backdrop for talks among more
than 10,000 delegates and envi-
ronmentalists negotiating a
treaty to control the emission of
greenhouse gases, which have
grown by 70 percent since 1970.


The treaty, due to be complet-
ed in one year, would replace
the Kyoto Protocol, which
expires in 2012.
Pachauri said he was con-
cerned that negotiators were
sparring and probing and
leaving key decisions for the last
moment.
"My concern is that if we
leave everything to the end, we
might end up with a weak agree-
ment that doesn't really address
the problem," he said.
Last year, Pachauri's IPCC,
which collected the work of
more than 2,000 scientists, said
climate change is "unequivocal,
is already happening, and is
caused by human activity."
It listed likely effects of global
warming: arid regions will grow
dryer, rising seas will flood
coastal areas, melting glaciers
will flood communities down-
s~tream and then dry up the
source of future water supplies,
and up to 30 percent of all plant
and animal species may become


extinct. Since then, new evidence
has emerged showing that ice
caps in the Arctic and Antarctic
are melting, which threatens to
dramatically raise the level of
the oceans and flood coastal
cities and low-lying islands.
"Small island states are liv-
ing in a state of fear," he said.
But Pachauri said there was
no conclusive evidence the
world is in imminent danger.
"I don't think we should
jump to conclusions if we get
material that is based on the
last one or two years," the Indi-
an scientist said. The IPCC
issues its reports every five or
six years.
The 2007 report cited a sci-
entific consensus that global
warming should be limited to
2 degrees Centigrade (3.6
degrees Fahrenheit) to avoid
the worst scenarios. To contain
global warming to that target,
carbon emissions must peak by
2015, then begin a rapid
decline.


-- -- .- ac.~-c :. .


Suspected remains of


US airmen repatriated


* HANOI, Vietnam

REMAINS believed to be
those of four American air-
men killed during the Viet-
nam War were placed on a
U.S. military transport plane
in Hanoi on Tuesday and sent
back to the United States to
be identified, according to the
Associated Press.
The four aluminum cases
holding the remains were
draped with American flags
as uniformed U.S. soldiers
carried them onto the plane at
Noi Bai International Airport.
The remains were headed to
Hawaii for forensic testing.
The repatriation Was the
108th, according to the MIA
office in Hanoi.
The remains were recov-
ered from four different sites
in northern Vietnam in the
past two months, said Lieu-
tenant Col. Todd Emoto of
the MIA office.
"It is a very good percent-
age," Emoto said. "We found
four sets from four sites. The


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cooperation with our Viet-
namese counterpart is excep-
tional." '
The remains are believed
to be those of airmen because
they were found in northern
Vietnamese provinces where
U.S. ground forces were not
active during the conflict. '
The MIA office said there
was some additional evidence
indicating they were airmen
but did not give specifics.
More than 2,600 U.S. ser-


vicemen sent to Southeast
Asia during the Vietnam War
were unaccounted for when
the conflict ended in 1975
with a victory by northern
communist forces, who seized
control of U.S.-backed South
Vietnam and unified the
country. Some 1,348 Ameri-
can soldiers remain unac-
counted for.
An estimated 58,000 Amer-
icans and 3 million Viet-
namese were killed in the war.


OFFICERS from the Joint POW/MIA Accounting Command,
JPAC, team of the U.S. military drape a casket by a U.S. flag
during a repatriation ceremony at Noi Bai International Airport in
Hanoi, Vietnam, Tuesday, Dec. 9, 2008.


II AI C .FAPPI IANCF'


Sutl* inorize o aller
Visit our Shorom ffic e Lcae a teRe CretInE as ByS treet^


---- ------- .06., 6 _


AN ENVIRONMENTAL activist from Spain presents a painting illus-
trating climate change problems at the entrance to the U.N. Climate
Change Conference in Poznan, Poland, Thursday, Dec 4, 2008.









THE TRIBuL..


PAGE 30,THURSDAY, DECEMBER 11, 2008


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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

6
517 2
6 45i



6 45

82 3


9 8 6 1 8
3 5
Difficulty Level * 12/05


Kakuro Puzzle


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


.5


Yesterday's
Sudoku Answer


675
194
283
6 7
852
349
427

516
9318


Yesterday's
Kakuro Answer


6782 2 1
9 61 7 82 9 812
8 93 8796

26 4 3 1 61711
49 E5L7 921
1 3 9 214 1 6 3
13 E619 a 4


HAGAR THE HORRIBLE


Across
1 A stone fruit (7)
5 Tolerate (5)
'8 Misaligned (3,2,4)
9 Circuit of
racetrack (3)
10 Follow in
surveillance (4)
12 Adverse (8)
14 Children's day
nursery (6)
15 Very small (6)
17 Person easily
influenced (8)
18 Pay attention to (4)
21 Prohibit (3)
22 Independently (2,4,3)
24 Upright (5)
25 In conclusion (7)


Across
1 Possibly a bit past it might
describe John (7)
5 First odd results of
splits (5)
8 Chopping up the garlic
with apathy (9)
9 The best-known surviving
creature? (3)
10 The fools pass out (4)
12 Prior is an outwardly
pious clergyman (8)
14 Bird seems quietly
affectionate (6)
15 Intellectual confused by
Iran (6)
17 Being prejudiced is only
right, perhaps (3-5)
18 Given employment? (4)
21 Behave like a wild cat? (3)
22 Protection money? (9)
24 Gain favour with a hot
dish (5)
25 The team won't be
prepared to play without
him (7)

Yesterday's Cryptic Soluti
ATTENTION!

THIS FEATURE IS NOT AVAILABLE


Down
1 Bottle-opener and drinks in
packs (5)
2 Pussy perhaps is in a
Ssulk (3)
3 Terrible ruler of vain
disposition (4)
4 Wild animals create a stir,
for example (6)
5 Hope for the lost and
sick (8)
6 I forecast a change in
industrial buildings (9)
7 Leave nothing to be
desired (7)
11 One who defends
Cromwell? (9)
13 One of the blessings of
city life (8)
14 A crop is knocked flat (7)
16 Domestic service (3,3)
19 Ear doctor is superior
though gloomy (5)
20 Article about a piece of
land (4)
23 A religious palindrome (3)


Yesterday's Easy Solution
Across: 1 Forecast, 5 Bold, 9
Drawn, 10 Puerile,-11 Winter sports,
13 Mighty, 14 Throng, 17 On the
warpath, 20 Topical, 21 Award, 22
Lazy, 23 Friendly.
Down: 1 Fade, 2 Reading, 3
Constituency, 4 Superb, 6 Osier, 7
Dressage, 8 Keep the peace, 12
Immortal, 15 Outward, 16 Caller, 18
Topaz, 19 Edgy.


Chess


Frank Marshall vlacques Mieses,
Berlin 908. Today's puepaed
between two attacking
specialists, is another case of
what Bobby rscher caed a
f wishbone i your opponents
throat.. ueens, rooks and
bishops mitheboardand
Back c4 pawn ooks dangerous,
butthe keythesolutionisthe
white b6 pawn i close prodmity
to the ac king. Whte'sflst two
mos are onions, and hlstistM
demonstrates the queen' abfity
to combine horizontal and
diagonal attacks. Masal was IUS
campion for a record 27 year.
How did he foe victory?


Down
1 Approximately (5)
2 Furrow cut by
wheels (3)
3 Blow with open
hand (4)
4 An objective (6)
5 Outline of dramatic
work (8)
6 Without hurry (2,7)
7 To empty (7)
11 Basically (2,7)
13 Gunfight to the
death (5-3)
14 Competent (7)
16 Detonate (3,3)
19 Dirty-looking (5)
20 Sharp (4)
23 Nocturnal bird of
prey (3)


*
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Target


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0)


N


You are South, neither side vul-
nerable. The bidding has been:
East South West North
1 4 Dble Pass 1 T
Pass ?
What would you bid now with
each of the following four hands?.
1.4 AKQ62 V J74 4 AJ6 4 K8
2. 4 AQ93 V QJ86 AKJ2 4 10
3. 4 A.J6 KQJ32 AQ5 4 74
4. 4AQ62 V J5 KQJ3 4 AJ8
* *
1. One spade. This may seem to be
an enormous underbid, but that is not
really so. By doubling one club and
then bidding one spade over part-
ner's heart response, you portray a
strong hand -- typically 17 points or
more that was too good for an
immediate one-spade overcall of one
club.
At this point, you must keep in
mind that partner's one-heart reply to
your 'takeout double does not prom-
ise any strength at all. You hope to
hear from partner again, but if he
passes, the odds strongly favor that
there is no game in the hand.
2. Three hearts. With your excel-
lent trump lit, 17 high-card points
and singleton club, you don't need


T



N



L


The
Taro
es
words in
the rain
bodyof
Chanmers
21st
Centry
Dicionary
(1999
edition.


HOW many words of four
letters or more can you make
from the letters shown here? In
making a word, each letter may
be used once only. Each must
contain the centre letter and
there must be at least one
nine-letter word. No plurals.
TODAY'S TARGET
Good 25: very good 37; excellent
49 (or more).
*Solution tomorrow.
YESTERDAY'S SOLUTION
alit apatite lappet late leapt
lite palate palpate PALPITATE
pate peat pelt petal pitta
plait plat plate pleat tail tala
tale tape tappet teal teat tile
tilt tippet tipple title


much more than K-10-x-x-x of
hearts in partner's hand to have a
good play for game. A two-heart bid
would be too pessimistic, and four
hearts too optimistic. Three is just
about right.
3. Two hearts. Again you have 17
high-card points, but your distribu-
tion is not nearly as good as in the
previous hand. There is no singleton
club here, and that makes a world of
difference. Moreover, the raise to
two hearts is in itself a very positive
move; it tells partner you had more
than a minimum double, as well as a
trump fit, and that is really just about
all you have in this case.
4. One notrump. This may seem
unduly conservative, but since part-
ner has promised no strength, one
notrump is as far as you should want
to go. If you were to jump to two
notrump instead, you would be con-
tracting single-handedly for 62 per-
cent of the tricks with only 45 per-
cent of the points in the deck, and
you would thus be placing yourself
in distinct jeopardy. The ofe-
notrump bid, on the heels of your
takeout double, indicates a hand of at
least.opening notrump strength.


Tomorrow: Declarer resists temptation.
0'2008 King I'eatures Syndicate Inc.


APT 3-G


are


MARVIN


TIGER


CRYPTIC PUZZLE I


SOT Q


(**J.I


1 2 3 4 5 6 7


8 9


10 11 12

14 ,


17 18
20
21 22 23


24 25


Contract Bridge

by Steve Becker


Bidding Quiz


iL


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THE TIBL, ,,.


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I .r I I 1





THE TRIBUNE THURSDAY, DECEMBER 11, 2008, PAGE 31
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THURSDAY, DECEMBER 11, 2008, PAGE 31


THE TRIBUNE


. '*^*i


sl.49
SAVE 70CA








P A G E 32, T H U R D A Y D E E M B E 1 1 2 0 0 T H E I~I U N E


^ iThe B ahamaTs!^
BB^HKf~c!6' T^T^^^
^^^KtH~nM~ffB^B


Exciting Relationship Management Opportunity

Scotia Private Client Group is experiencing major international expansion, establishing centres throughout Latin America and the Caribbean. As a member of Scotia Private
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Membership in the Society of Trust and Estate Practitioners
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(11/08)


i Scotia Private Client Group


INDIVIDUALITY. .EL. PLaD.


PAGE 32, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE




THE.R.BNE.HURDAY DEEMER11 208,AE3


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THURSDAY, DECEMBER 11, 2008, PAGE 33


THE TRIBUNE




THE TRIBUNE


PAGE.34. THURSDAY. DECEMBER 11, 2008


SITiT


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THE TRIBUNE


1 r-ir-
1-M.i-- A_-fif^






PAGE 36, THURSDAY, DECEMBER 11,2008 ___________ _____


THURSDAY EVENING


DECEMBER 11, 2008


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

Lights Celebrate Hanukkah Live in Concert 1 Home Alan Cooke travels the streets of New York to Roy Orblson &
WPBT (CC) discover why people call it home. (CC) Friends: Black &
White Night
The Insider (N) Survivor: Gabon (N) A (CC) CSI: Crime Scene Investigation (:01) Eleventh Hour "Flesh" Co-eds
0 WFOR ) (CC) Grissom joins the class of a patholo- on spring break fall prey to a flesh-
gist to crack a case. (N) eating bacteria. (N) ( (CC)
Access Holly- My Name Is Earl Kath & Kim The Office (:31) 30 Rock Liz (:01) ER "The High Holiday" Morris
B WTVJ wood (CC) "han Earl' (N) "Friends" (N) A Meredith's hair is alone for the receives an unwanted package from
(CC) (CC) catches fire. (N) holidays. (N) his father. (N) ,' (CC)
Deco Drive Secret Millionaire (N) 1 (CC) Are You Smarter Than a 5th Grad- News (N) (CC)
WSVN er? An Ivy League-educated rabbi
competes. (N) A (CC)
Jeopardyl (N) Ugly Betty "The Manhattan Project" Grey's Anatomy "Here Comes the (:01) Private Practice "A Family
i WPLG (CC) Betty makes a decision about what Flood" George tries to take his resi- Thing" Violet wonders what secret
to do with her life. A dency exam again. (CC) Cooper is hiding. (CC).

(:00) CSI: Miami The First 48 "Last Ride; Trailer The First 48 "Bad Call; Ricochet A The First 48 "The Good Book;
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aET 106 & Park: Top * TALES FROM THE HOOD (1995, Drama) Clarence Williams ill, Joe American Gangster "Willie Lloyd"
BET 10 Live Torry. Premiere. Inner-city tales with supernatural twist. (CC) (N) (CC)
(:00) NHL Hocke Tampa Bay Lightning at Montreal Canadiens. From the Bell Centre in CBC News: The National (N) ,f
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(N)
C:00) Lou Dobbs Campbell Brown: No Bias, No Planet in Peril: Battle Lines
CN N *onight(CC) Bull 1
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DW them. them Off
E! The Daily 10 (N) E! News 2008's celebrity news. Party Monsters: Cabo Contestants The Girls Next The Girls Next
I plan a party for Diddy, Door Door-
ESPN 2008 ESPNU College Football Awards From Orlando, Fla. (Live) (CC) High School Football Lincoln (N.Y.) vs. Putnam City
ESPN (Okla.). (Live)
ESPNI Cronometro UEFA Champions League Soccer Teams TBA. (Taped). SportsCenter International Edl-
ESPNI (Live) ._.ton(Live)
Dally Mass: Our Life on the Rock Eucharist The Holy Rosary Catholicism on Life Is Worth
EWTN Lady Campus (CC) Living
IT(:00) Cardio Art of the Athlete "Jonny Moseley" Insider Training "Beach Volleyball" FitNation "Defendin Your Health"
FIT TV Blast/ 1(CC) Jonny Moseley. 1 (CC) Volleyball. (CC) Martial arts classes. CC)
FOX-NC Fox Report- The O'Reilly Factor (CC) Hannity & Colmes (CC) On the Record With Greta Van
FOX-N Shepard Smith -Susteren (CC)
FSN Elite XC: Chain- Poker Superstars Invitational Best Damn Top 50 Special (N) Nothin' But The FSN Final
FSNFL pions Tournament II Knockouts Score (Live)
(6:30 Golf Dubai Ladies Masters -- Golf Central Year in Review (N) (Part 2 of 2) USGA Championship Season (N)
GOLF First Round. (Taped) (Live)
Catch 21 (CC) Who Wants to Who Wants to Family Feud Family Feud 0 Catch 21 (CC) Pyramid 0
GSN ____Be a Millionaire Be a Millionaire (CC) (CC) (Cc)
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G4Tech the Show! (N) da. n (CC) ton. 1 (CC).
(:00) Walker, Walker, Texas Ranger Walker MOONLIGHT AND MISTLETOE (2008, Drama) Candace Cameron Bure,
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wish. A (CC) (CC) room. (N)(CC)
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N____Everyday Life (CC) day "Destiny" James Roblson (CC). Truth (CC)
The Wayans My Wife and According to Family Guy (I Family Guy Pe- Two and a Half Two and a Half
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Still Standing Reba Jake calls Reba "Switch' CHRISTMAS CHILD (2003, Drama) William R. Moses, Megan Follows,
LIFE Brian returns Barbra Jean Reba tries speed Muse Watson. A mystery photo leads a journalist to a small town. (CC)
from Italy. (CC) "mommy." (CC) dating.
MSNBC 00Hardball Countdown With Keith Olber- The Rachel Maddow Show Countdown With Keith Olber-
M N cc Mmann mann
CNICK Drake & Josh Jimmy Neutron: SpongeBob Home mprove- Home Improve- George Lopez George Lopez
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NTV :00) Secret Mil- Survivor: Gabon (N) n (CC) The Real Housewives of Orange News (N) Af News
NTV Ionaire (N) (CC) County (CC) (CC)
SPEED Pass Time Pinks All Out Pinks- All Out Wrecked "Wall of Wrecked Winter
oSPEEDthe Fallen' weather alert.
Behind the Behind the Dr. David Jere- Winning With This Is Your Day Praise the Lord (CC)
TBN Scenes "Sarah Scenes (CC) miah American Wisdom Nasir (CC)
Dolls'(CC) prophecy. (CC) Sidikki. (CC)
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TBS Rye" (CC) battles for a wed- nominated for a George's holiday Pick" A (CC) Mom & Pop causes a roman-
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TLC Episode 18' The father and son push each other for the children of the Make-A-Wish Session" Naheed crosses a line. (")
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(:00) Law & Or- NBA Basketball Boston Celtics at Washington Wizards. From Verizon Center in Washing- NBA Basketball:
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cence" Jazz
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TRIBUNE


THURSDAY, DECEMBER 11, 2008


Year-end approval target for new port ,1 st S.

M
r otidELPseNTsuABtuEbNrTB Arawak Cay Port Development Company hoping to go out multiple honofits


Arawak Cay port's devel-
opment is hoping to get
approval for the $60 mil-
lion project from the Gov-
ernment "by the end of the year or by
early next year", its chairman telling Tri-
bune Business yesterday it wanted to go
out to bid on the construction tender by
March/April 2009.
Jimmy Mosko, who is heading the
Arawak Cay Port Development Com-
pany, said: "We're in the final design
stages now, and in the final approval
stages with the Government. We should
have approvals before the end of the
year or by early next year.
"We want to go out to bid on the con-
struction contract by March/April next
year. We've had our consultants com-
ing in and out of the island, interviewing
every shipper. We've changed some


* By NEIL HARTNELL
Tribune Business Editor
THE Securities Commission
is developing a draft Takeover
Code to govern mergers and
acquisitions involving listed
Bahamian companies, Tribune
Business was told yesterday,
with a view to protecting the
rights of minority shareholders
in those entitiess
Hillary Deveaux, the Securi-


things around, and are talking to the
Prime Minister to see what we can use.
We've also incorporated the harbour
dredging into our plan; there have been
a lot of things we have had to incorpo-
rate."
. Mr Mosko said all Arawak Cay Port
Development shareholders, the shipping
companies and other stakeholders were
"pulling in the same direction" on the 60-
acre project.
Three layout designs for the proposed
shipping and container facilities were
developed, Mr Mosko said, with, one
subsequently selected and approved by
Prime Minister Hubert Ingraham when
the private sector met with him last
Thursday. Ministry' of Works and other


Commission hoping
new Securities Act to be
passed in 2009 second
quarter, as minority
investors voice concerns
on Cable Bahamas deal

ties Commission's executive
director, confirmed that the reg-
ulator was looking to bring the
Takeover Code into effect a.t
the same time as the new Secu-
rities Industry Act was passed
into statute, which should be
during the 2009 second quarter.
The protection of minority
shareholder rights, and whether
the acquiring entity should offer
them the same price, terms and
conditions for their shares as
offered to the majority seller,
has long been a
weakness/thorny issue in the
Bahamian capital markets.
And Mr Deveaux acknowl-
edged yesterday: "One of the
problems is that there is no
Takeover Code existing in this
jurisdiction, and in the absence
of these Takeover Codes, we
can only use moral suasion."
Minority shareholder protec-
tion has again arisen as an issue
in regard to the proposed $85
SEE page 8B


government agency approvals, though,
remain.
The Arawak Cay Port Development
Company met with Halcrow, the UK-
based global infrastructure consultants
who are spearheading the port's design
and engineering, on Tuesday, and the
environmental feasibility study will effec-
tively 'piggy back' off the work being
done on the Nassau Harbour dredging.
Meanwhile, Mr Mosko said the com-
pany was "firming up" the financial num-
bers and budgeting associated with the
port's development, and was awaiting
construction cost estimates and the like-
ly lease fee it would have to pay the
Government. All those figures "had to
go into the equation".


Mr Mosko said the "deal is going
down in price", and was unlikely to
exceed initial $60-$70 million cost esti-
mates. The preliminary design had been
given to two separate contractors to
enable them to provide construction
budget estimates.
A meeting of Arawak Cay Port Devel-
opment Company shareholders was set
for today, Mr Mosko added, to hopeful-
ly sign off on a number of key aspects of
the project.
He said: "I think that for downtown
Nassau, this [the port relocation] has to
happen, and for the shipping industry, it
will bring Customs and Immigration into
SEE page 6B


fideia loanbookgros 27%forg S


* By NEIL HARTNELL
Tribune Business Editor
FIDELITY Bank
(Bahamas) total loan portfo-
lio had increased by 27 per
cent compared to the 2007
year-end position by end-
November 2008, its chief exec-
utive told Tribune Business
yesterday, although the growth
rate s "around 50 per cent of
what it was" due to the eco-
nomic slowdown.
Anwer Sunderji yesterday
acknowledged that the BISX-
listed bank was likely to miss
two targets it had set in 2008 -
expanding its total loan port-
folio by 30 per centV,-and
increasing the percentage of


* BISX-listed bank says delinquencies '50% below
industry average', with economy halving loan
book growth rate in second half
* Consumer loans likely to end year as 25%
of portfolio mix, compared to 30% target
* Bank says profit drop due to investments for
future growth likely to come through in 2009
* Card centre likely to be 'in black' next year,
although Robin Hood branch to take longer

consumer loans from 20 per but not by much.
cent to 30 per cent of the total Fidelity Bank (Bahamas)
portfolio -as aresuit f the' .
general economic downturn, SEE page 4B


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* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
A $16 MILLION New Prov-
idence project will not only pro-
vide quality commercial stor-
age facilities when completed,
but also aid disaster recovery
efforts because it has been
designed to withstand a Cate-
gory 5 hurricane.
, Tribune Business was yester-
day given .a tour of the first
phase of the Bahamas Logistics
facility, located just off Glad-
stone Road, which should be
completed and ready for occu-
pancy by February 2009..
Brent Mayson, Bahamas
Logistics' principal, explained
that the idea for the project,
which when completed will rep-
resent a $16 million investment,
came as a result of the need for
a commercial storage facility on
New Providence.
When completed, the prop-
erty will include more than 100
units for rent as well as several
offices, which can be set up to
the client's specification within
24 hours, so they can immedi-
ately begin operations follow-
ing a disaster. The property fea-
tures two buildings totalling
150,000 square feet.
What makes the facility dif-
ferent from others, Mr Mayson
said, is that it is designed specif-
ically for commercial clients,
with suppliers able to rent two
units if they needed. One could
be used to accept and store
goods, and then the other unit
could be used as pick-up point
or site for loading deliveries.
SEE page 6B


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PAGE 2B, HURSDAYDECEMBERTIO2008 TESTRIBUN


Chinese mining giani





to slash 14,000 jobs


Accountants make


free services offer

* By CARA BRENNEN-BETHEL
Tribune Business Reporter
THE Bahamas Institute o'f Chartered Accountants (BICA) yes-
terday said it would offer free accounting and financial advisory ser-
vices to Bahamian businesses and entrepreneurs who cannot afford
them, in a bid to assist those impacted by the financial crisis.
"We are also encouraging our members to exercise the utmost
business prudence and discretion when billing their clients. A clien-
t's survival means a continued source of income for our practice,"
BICA president Daniel Ferguson said.
The decision came out of a desire by the Association to be more
relevant in the community, with the offer extending to Grand
Bahama and the Family Islands as well. "BICA does not claim to
have the immediate answer to the financial situation either," Mr Fer-
guson said. "However, the institute recognizes the vital need for our
businesses and the financial stability of individuals/families through
this period. We also recognisie the inability to afford the proper pro-
fessional advice and guidance that is required for survival.
He added that, often, a business may not have to close but just
needs a refocus of operations. "The strong and the prudent will sur-
vive and the economy will be purged of the services that we do not
need," the BICA president said.
Mr Ferguson said the reaction of the Bahamian public to the
global financial crisis ranges from one of nonchalance to panic.
"Both situations do not augur well for any resolution or stability.
The high-faluting financial jargon of the financial sector, and the
berating of the attitudes and conduct of the Bahamian society by oth-
ers, are not helping. It is simply exacerbating an already tense situ-
ation. It renders no real immediate assistance," the BICA president
said.
Mr Ferguson said BICA members have the skills to assist dis-
tressed companies to "just survive the economic downturn", as
well as help individuals service their debt until they can get on
their feet. He said that while persons have been urged to be prudent
in spending, they need to spend money so that money can be cir-
culated into the economy. As a result, accountants need to be pru-'
dent in billings so that clients can get the help that they need.
Mr Ferguson said that, in many cases, businesses only used
accountants when they had to for banking purposes, and said BICA
members had seen some downturn in demand for their services.


IN THIS undated photo released by BHP Billiton, the BHP Billiton Atlantis
oil and gas rig in the deepwater Gulf of Mexico, approximately 130 miles
(208 kilometers) off the coast of Louisiana.
(AP Photo: BHP Billiton)


Rio Tinto in move


to reduce spending

as the demand for


raw materials


slows sharply


* By BETTINA WASSENER
c.2008 New York Times
News Service
HONG KONG Rio Tin-
to, the mining company, said
Wednesday that it would cut
14,000 jobs and sharply reduce
spending as demand.for raw
materials slows sharply.
The company cited the
"unprecedented rapidity and
severity of the global econom-
ic downturn," and said it was
shedding 14;000 jobs, of which
8,500 are contract positions. It
will also cut capital expendi-
tures next year by more than
half. It said the measures
would help to reduce operat-
ing costs by $2.5 billion a year
by 2010.
The announcement came
just weeks after BHP Billiton,
the world's biggest mining
company, walked away from a
long battle to acquire Rio Tin-
to.
BHP, faced with demands
,by European regulators that it
sell significant assets to secure
approval, abandoned the hos-
tile $66 billion bid on Novem-
ber 25, saying the turmoil in
the financial markets and
declining commodity prices
made the transaction too
risky.
Analyst
Luc Pez, an analyst who
covers metals .and miners at
Oddo & Cie. in Paris, said the
Rio Tinto announcement was
"not very surprising, given the
focus on reducing debt after
BHP abandoned its offer."
Rio Tinto is struggling to
reduce debt of nearly $40 bil-
lion, most of which stems from
its purchase last year of Alcan.
It hopes to cut $10 billion
from that by the end of next
year, and said it was cutting


capital expenditure to $4 bil-
lion from more than $9 billion.
Severance payments will
cost $400 million, the compa-
ny said.
The global mining industry
is struggling after a serious
demand shock, Pez said, but
most rival companies would
probably not need to take
such radical action, as "Rio is
the one with the largest need
to cut debt."
Prices
Prices of iron ore, copper,
and coal soared early this
year, but declined after the
financial crisis deepened in
September.
ArcelorMittal, the world's
largest steelmaker, said in ear-
ly November that it would
temporarily cut output by
about a third amid deteriorat-
ing demand from automakers
and the construction industry.
Rio Tinto had warned last
month that it would review
capital expenditure plans as
demand for raw materials
declined. It said Wednesday in
a statement that since that
time, "demand conditions
have worsened further."
"Given the difficult and
uncertain economic condi-
tions, and the unprecedented
rate of deterioration of our
markets, our imperative is to
maximize cash generation and
pay down debt," Tom
Albanese, chief executive of
Rio Tinto, said in the state-
ment.
"We have undertaken a
thorough review of all our
operations and are executing a
range of actions."
The company is holding its
dividend steady and said it
would expand the list of assets
it might sell in order to raise
cash.


4.


PAGE 2B, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE









.BU"PI


'overextend' on


* By NEIL HARTNELL
Tribune Business Editor
THE Government has been
warned not to "overextend"
itself with its social spending
programmes and avoid putting
the Bahamas into a debt hole
it will take "many, many years"
to escape, a senior accountant
saying it was wrong to expect
.the administration to solve all
economic woes.
Raymond Winder, managing
partner at Deloitte & Touche
(Bahamas), told Tribune Busi-
ness: "My biggest concern is
that the Government has to be
very careful as to what it
decides to take on.
"If the Government is not
careful, they could take on a
significant amount of debt that
could cause this country prob-
lems, especially., when the eco-
nomic tides turn and we are
able to service that debt."
He added: "I think the Gov-
ernment really has to set a pri-
ority as to what items they will
take on. Capital expenditures
are clearly very important, but
the Government has to be care-
ful about other social pro-
grammes and take on only what


is most-needed."
As previously
Tribune Business,
lion shortfall in rev
tions disclosed by
ister Hubert Ingr
using the 2008-2009
sections, leave th
with a 4 per cent d
fiscal year even
redemption servev
stripped out.
This will further
Bahamas' national
at the end of 2007,
ed to already be c
42 per cent of this r
domestic produce
output. That figut
prised from the d
on government, wh


Legal Notice
NOTICE
VESTRA INVESTMENTS LIMIT

N 0 T I C E IS HEREBY GIVEN as follows:

(a) VESTRA INVESTMENTS LIMITED is inv
dissolution under the provisions of Section 137
International Business Companies Act 2000.

(b) The dissolution of the said company comme
the 10th December, 2008 when the Articles of Di
were submitted to and registered by the
General.

(c) The Liquidator of the said company is Cred
Trust Limited, Rue de Lausanne 17 bis, Geneva

Dated this 11th day of December, A. D. 2008

Credit Suisse Trust Limited
Liquidator


l[ are plans


i. th ell 1. .1, Illll 'l l t I i I I t 'l )i I c.
'',. cI'unlid .l l'l :i n ]'aoa'In ll o i\ u li
I di.'I I I ) A .' Il,, 'i L \\ 1" ,' c t; l i l Il 'i l.' I

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. -' .- l l i l i i i \ :ii('| .l l
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ai;s the in i iA NI'' 1n MIc l I 'l tiiryt'
[ lund ([\M I ). A ls on, til this Ipolit
i t ssed! c lde tl sc \ 'l i.\ iss

revealed b\y cot'rl\' ci';Yin I loh s cni tro i i' of1 its
the $150 m il- fil!rS t ii N\ 'I.'rs'is Ilil u i ns.
Cenue projec- Mi Vv.illdc.r :1lbso 'c houd con-
Primic Min- ccrns eLlxpl'essLc'.I bt h-' li ck s of
aIhamn could. N $ssl linsilutc i' n milb i lRicil
Bud ,clt pi(ro- I o\ li 'i i, I i r
eC -a l llam ,s mio.'l in !, ;,* u ..i i,; s .. ntil tl'n -s
elficil fo r this to li ,T''0-s,' n n '\, i si. s
w ith dch t ('l ,hi lln i ii'.
'icing costs) '(.'iir in t *' '\ 'i 'i c'tn-
I liu i' i l \\ ,I i l\ t l t )
r adcid to lhlc i .iLc.ii ,1 i'iii h \\.' l\i\ lc
IdLcht. w which tI 1 l i i hi I I Il I .
was cstiilmE l "1' I !. i i it I \ 'LitctsL'-,:
qliivalciLl Ito li w . \ h,! .
lationl 's y o s-, il' ;,' : t'! i
t (GI )P) or i(ionthlh 'o0 Ln Nlit iM .I... i,;(i lor
'e. was c0n1 cil Clns t.' I'iC'h \ I t.' i ,Ic c \. I'llHn-
irecl chliarg,' en,'IU \\ < i \ '. .hiihe thi
lich is equiv- w\.ronll' ill, .
h I il.L ii I it' lli :s Io l
mlCnl t l i ." I ttc-
-- I l ll l l l ion p 4 il n l < I .n l \ \s. \l h ill i k
t in I I i !.c Ill ork l. ror tthe
t .1 i lo, li il 't 'Il llc t ilC lI\ 'ivcls
o. i dt ', h. t\ i l -\i( n,, has
S "'The\ (i t llln [) .'ll\ o i'to
\cl tC ii t. Cannilt. 1[ ci l if:. l fi-
cMnth exceed curl2!it debl l,:\-
S iltel ith it putin,1 t11 colllltr\
in ;a situationn it iil. si\k liln!\.

111I111 \C'i i 1 CO.i ,ii .' O ti01 .'
-(\Vi" lc cth il lins :cnith of
ol, i; oiii ,. \t, V\iln ,' n s i tho
('4\}C i it CO 'nl siil 'lJI ic lrl

"hi\ "ll1' ilk cl t o n plo' idc
TE D ;lhen i fiL \ aio\ C' it l:d !, li'

"( on Csin m'llCilt 1 t' hoit) 1 c're' -
voluntary fut 1111 AOt C\to ex ct l in Itsel C too
(4) of.the much t, c'o er shor thm hh pri-
\ Ai' I 1tt c O L 't hc

enced on cxistnt c ,nmic model 1,\
solution b- coini,, nmore |':c Ic\ ;, iind
Registrar educinl,, the c's, ,i do m tisi
ness..


Mr Willc'r ;Ilso Ul.gied 1th
(Gi OVLlniciikl to refrain Ilrom
,!,ivini h Ii nlidutt ils, iiI d iLnslc.iC
;lllac'l It-pc l',on:l d L\c ltoplmellt"
lo an\ ais',l-,l;lnlc ricndcrc l lo
lB ih;lii iw. ;.
"\\ c ",should i s tl hi. s ,i
oppmu''lii l, or unc.'oplomcid
in li\ iidu];ils t1 () li iLd v'''hlop. ,No 11ith \\ hcl lhings
turn aronllilt lit \\lte ik force is


heller
Sdlld.


prepared," Mr Winder


NOTICE
NOTICE is hereby given that JULIA MICHEL OF NO. 378
GILBERT CRESCENT, P.O. BOX F-41216, FREEPORT,
GRAND BAHAMA, BAHAMAS is applying to the Minister
responsible for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight- days from the 11th day of
DECEMBER, 2008 to the Minister responsible for Nationality
and Citizenship, PO.Box N-7147, Freeport, Bahamas.


...



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THURSDAY, DECEMBER 11, 2008, PAGE 3B


THE TRIBUNE


,,lk








PAGE B, TURSDY, DCEMBE 11,008UHEITIBUN


V IEITY, rom age B


imn book grew by 26 per cent
u ling the first nine months of
.S)8 to $192.438 million, com-
* ed to $152.716 million at
ar-end 2007, and Mr Sunder-
,:aid the institution "expects
I inish at around $200 million"
year-end 2008.
( hur loan book is up 27 per
int, which is significant,
oughgh to month 11 [Novem-
I]," Mr Sunderji told Tribune
business. "We've got another
rnith to go, so we'll be in the


ball park" of revised estimates
for 27-28 per cent growth in the
total loan portfolio.
"We had substantial growth
in the loan portfolio during first.
half of the year," Mr Sunderji
added. "That's tapered off more
recently. The growth rate is
probably around 50 per cent of
what it was in the first half."
While Fidelity Bank
(BahanPas) had traditionally
been a conservative mortgage
lender targeting mostly middle


class customers, its average out-
standing real estate-related loan
being in the $200,000 range, Mr
Sunderji said the move to
increase consumer lending
would generate greater yields
from the higher interest rates
in this area.
He added: "A substantial
amount of new business added
is higher yield. Historically,
we've been a mortgage compa-
ny, and we have to increase the
consumer portfolio to increase
the yield.
"The people who have mort-
gages with is also have con-
sumer loans, so we're growing


that on the back of existing
mortgage clients. That compo-
nent is growing steadily, and the
yield from the loan book is
increasing because the mix is
changing."
Mr Sunderji said: "Our con-
sumer loan book is likely to be
around 25 per cent" of Fidelity
Bank'(Bahamas) total loan
book by year-end 2008, slightly
lower than the 30 per cent tar-
get set earlier in the year.
Hoping
"We were hoping to reach a
70/30 mortgage/consumer mix
by the end of the year," Mr
Sunderji added. "We're unable
to do that, because we've scaled
back consumer lending growth
to focus on credit quality.
"The quality of our loan book
is very good. Our delinquencies
are about 50 per cent of the
industry average."
For the nine months to Sep-
tember 30, 2008, Fidelity Bank
(Bahamas) saw its net income
drop by one-third or 33 per cent
to $831,846, compared to $1.248


million for the same period in
2007.
Top-line growth has yet to fil-
ter down into the bottom line,
with interest income up by 45.2
per cent at $13.212 million, com-
pared to $9.101 million, with
interest expense having more
than doubled by 106 per cent
to $7.05 million.
Both those increases reflect
the expansion of Fidelity Bank
(Bahamas) loan book and
deposit base respectively, and
with net interest income and
non-interest income both ahead
of 2007, the first nine months
of 2008 produced a 23.6 per cent
rise in gross profits to $10.359
million.
However, this was wiped out
by a 33.6 per cent increase,in
total expenses to $9.527 million,
driven by a $1 million rise in
salaries and staff benefits, along
with a more than $500,000
increase in general and admin-
istrative expenses.
Mr Sunderji said the expens-
es increases had been driven by
investment in Fidelity Bank
(Bahamas) new card centre


Harvard Business School
Caribbean Businesa Club
' Member of Studenr Clubs of HBS. Inc


division and additional branch
in Robin Hood's store at the
Summerwinds Plaza, projects
that had increased the bank's
staffing levels by 14-15 persons.
These projects had yet to gen-
erate revenue streams to offset
the initial investment expendi-
ture, Mr Sunderji told Tribune
Business, the bank having
adopted the position that 2008
would be an investment year
with the benefits set to flow in
2009, producing an improved
bottom line.
On the card division, Mr Sun-
derji said: "We've only been
operating for three months, and
have got 1500 cards issued. The
target is 5,000 cards, and these
are just Visa credit cards.
"The number of cards we
have is building, and the bal-
ance outstanding is growing,
and that's what drives earnings
from credit cards. The card unit
is likely to be in the black in
2009, and make a positive con-
tribution.
"The Robin Hood branch will
take most of 2009 to break
even."


Whlmarton
Caribbear. Busvress in,.it a.e Club
Member ot Wharton GC dujre Atsoc


7th Annual Qt MBA Conference
%, "Linking the Caribbean through Entrepreneurship"
January 3 to 6, 2009 Atlantis, Paradise Island


>- The Rt. Hon Hubert A. Ingraham
Prime-MMinister of the Commonwealth of The Bahamas
>- Senator the Hon. Vincent Vanderpool-Wallace
Minister of Tourism and Aviation
>- Michael Mansoor
Executive Chairman, FirstCaribbean International Bank Limited
>- George Markantonis
President and Managing Director, Kerzner International
>- MichaelAndirson
President, Royal Fidelity Merchant Bank & Trust Limited
>- Barry Malcolm
Managing Director, Scotlabank (Bahamas) Limited


Panel Discussions:
* Emerging Opportunities
in the Caribbean
* Accessing Capital
* Entrepreneurs in Tourism
* Innovation Within
Mature Companies
* Forming New Industries
in the Caribbean


FRE ister online at


i -- Iwww.caribbeanmbaconference.com



(b FIRSTCARIBBEAN" ",Y". 'I ...

C A" ;- T.'TM0 ..TO; lIR -e ROYAL DE J


Employment



Opportunity


for an


OBGYN

and also for a


General


Practitioner


with two or more years experience

in obstetrics and gynaecology at

established medical practice.



Address applications to:


Manager, Human Resources
Life Medical Clinic
P.O. Box EE-17877
Nassau, Bahamas


j A .


THE TRIBUNE


PAGE 4B, THURSDAY, DECEMBER 11, 2008








THURSDAY, DECEMBER 11, 2008, PAGE 5B


THE TRIBUNE


INERATIOALBSN S


World Bank





data shows





global pain


* By MARK LANDLER
c.2008 New York Times
News Service
WASHINGTON The
world economy is on the brink
of a rare global recession, the
World Bank said in a forecast
released Tuesday, with world
trade projected to fall next year
for the first time since 1982 and
capital flows to developing
countries predicted to plunge 50
per cent.
The projections are among
the most dire in a litany of
recent gloomy forecasts for the
world economy, and officials at
the World Bank warned that if
they proved accurate, the down-
turn could throw many devel-
oping countries into crisis and
keep tens. of millions of people
in poverty.
Even more troubling, several
economists said, there is no
obvious engine to drive a recov-
ery.
American consumers are
unlikely to return to their old
spending habits, even after the
United States climbs out of its
current financial crisis. With
growth in China sloWing sharply,
consumers there are not about
to pick up the slack from the
Americans. The collapse in oil
prices a side effect of the cri-
sis has knocked the wind out
of consumers in oil-exporting
countries.
"We know that the financial
crisis now is likely to be the
worst since the 1930s," said
Justin Lin, the chief economist
of the World Bank, summariz-
ing the projections.
The bank forecasts the global
economy will eke out growth of
0.9 per cent in 2009, down from
2.5 per cent this year and four
per cent in 2006. That is the
slowest pace since 1982, when
global growth was 0.3 per cent.
Developing countries will grow
an average of 4.5 per cent next
year a pace that economists
said constituted a recession, giv-
en the. need of these countries to
grow rapidly to generate enough
jobs for their swelling popula-'
tions.
"You don't need negative
growth in developing countries
to have a situation that feels like
recession," said Hans Timmer,
who directs the bank's interna-
'tional economic analyses and
projections. He predicted rising


joblessness and closed factories
in many developing countries.
Tlne volume of world trade,
which grew 9.8 per cent in 2006
and an estimated 6.2 per cent
this year, will contract by 2.1 per
cent in 2009, the report said.
That drop would be deeper than
the last major contraction in
trade: 1.9 per cent in 1975.
Net private flows of capital to
developing countries are pro-
jected to decline to $530 billion
in 2009, from $1 trillion in 2007.
The loss of that capital will
sharply constrict investment in
emerging-market economies,
the report said, with annual
investment growth slowing to
3.5 per cent in 2009 from 13.2
per cent in 2007.
Several countries are also
being hurt by the decline in the
prices of oil and other com-
modities a, phenomenon the
World Bank characterizes as the
end of a five-year commodities
boom though the decline in
food and fuel costs has relieved
the pressure on people in other
countries.
The sudden drop in capital
flows poses a particular danger
to oil exporters, some of whom
have run up heavy debts.
"They'll have to roll over that
debt, one way or the other," said
Simon Johnson, a former chief
economist of the International
Monetary Fund. "That's going
to put a huge squeeze on these
countries."
' Johnson said the calmer
atmosphere in foreign markets
belied the gravity of the situa-
tion. Spreads on credit default
swaps a common yardstick
for whether a country's govern-
ment is in danger of default -
continue to signal potential trou l
ble for Ireland, Italy, and
Greece.
The authorities in Greece are
battling violent street protests
in Athens and its suburbs,
caused in part by the deterio-
rating economy.
Reflecting what is by now
conventional wisdom, the World
Bank recommended that coun-
tries undertake large fiscal stim-
ulus programmes to cushion the
downturn. The bank itself has
committed up to $100 billion in
aid to developing countries over
three years.
If there is a silver lining amid
the gloom, it is the relief that
lower food and fuel prices mean


for poorer countries. While the
prices ,of almost all commodi-
ties have fallen sharply since
July, they remain higher than in
the' 1990s, which the bank says
should prevent future supply
shortages.
As the World Bank's experts
struggled to find a historical ana-
log for the slump, they said it
had more in common with the
Depression of the 1'930s than
with the severe recessions of the
1970s or 1980s.
"It is not just a supply shock,"
Timmer said. "It is not just a
reduction in demand; but it is a
lack of availability of credit."
Deutsche Bank, in a forecast
issued this week, was even more
pessimistic. It said global growth
would drop to 0.2 per cent in
2009, with the United States,
Europe, and Japan in recessions
of roughly equal severity.
China, which grew 11.9 per
cent in 2007, will slow to seven
per cent next year, the bank pro-
jects, and 6.6 per cent in 2010,
when the rest of the world is
slowly recovering. "It's not
going to be the spark that
reignites global demand," said
" Thomas Mayer, the chief Euro-
pean economist for Deutsche
Bank.
"We're almost in an air pock-
et, where we don't have a new
global driver of growth."


.~. .


q s-.. -
I..


KINGSWAY ACADEMY
ENTRANCE EXAMINATION FOR
SEPTEMBER. 2009.


The Entrance Examination will be
held at the school on Bernard Road on


Saturday, January


17, 2009 at


8:00 a.m. for students wishing to enter
grades 7, 8, 9. or 10. Deadline for
applications is Monday, January 12.
Applications can be collected at the
Business Office or at the High School.
Contact the school at
Telephone numbers 324-8811,
324-6269, 324-6887 for further
information



HERE'S YOUR CHANCE TO
UNLOCK A WORLD OF
ENDLESS OPPORTUNITY FOR
YOUR CHILD!


A. Fect evep !'t of perti', -..and an exclusive marina
rt* of per


Palm Cay is a unique ocean fronl gated corrnunity, set Ln 69
acres, which successfully blends the exclusivity of a magnAmcent
marina with panoramic waterfront and jglonous beaches
This tranquil oasis fealtues lots, townhouses, condos and slips
fot sale alongside exclusive membership of The Governors Club,
Palm Cays selecI members only place to meet

Contain The In House Sales Team now an (242) 324-5132 to gel the
Palmn Cay Bfte tle you deserve.


Eastern Shores
Nassau, Bahamas
Tel: (242) 324-5132
Email: intb@palmcay.com


www.palmcay.com


JOB VACANCY


JUNIOR ACCOUNTANT


Local manufacturing company in Freeport, Grand Bahama is seeking a Junior
Accountant.
Qualifications:
* Bachelor of Science Degree in Accounting is preferred with 1 to 2 years
of work experience. Candidates who have earned-an Associate Degree in
Accounting will be considered if they have 3 to 5 years of work experience.
* Proficient in the use of automated accounting systems.
* Ability to solve problems and apply appropriate accounting standards as
needed.
* Proficient in the use of Microsoft Applications. Candidate must be able
to create and maintain EXCEL spreadsheets.
* Ability to communicate effectively written and oral.
Responsibilities will include:
1. Accounts Payable coding, data entry, preparing cheques, mailing
remittance advices, filing and resolving discrepancies with invoices and
vendors.
2. Monitoring and resolving outstanding or aged transactions on the A/P
Aging.
3. Assist with month-end closing procedures Posting accruals, amortizations,
performing g/1 account reconciliations.
4. Assist with year-end audits.
5. Special Projects as required by the Financial Controller or Accounting
Manager.

The company offers a competitive salary with outstanding benefits.

Please e-mail your resume to:
grandbahjobs@yahoo.com








PAGE B, THRSDAY DECEBER 1,2008THE TIBUN


$16m logistics project


Year-end

annnnual


gives multiple benefits target for


FROM page 1B
1ahamas Logistics will also
lua\ e a state-of-the-art 'first on,
first off' system, which allows
perishable goods to be moved
first to prevent spoilage.
Mr Mayson said Bahamas
Logistics had received tremen-
dous interest from companies
such as banks and insurance


companies, which by law are
required to store their docu-
ments and client information
for between eight-20 years. The
units, he said, hold up to 6,000
storage boxes.
He added that each unit is
designed to be self-sustaining
and to accommodate a small
staff if needed.
Luca Zecca, the Bahamas


Logistics designer, explained
that it has been built to with-
stand category 5 hurricanes and
is at bomb shelter strength, due
to its reinforced concrete build-
ings. They have a foundation of
more than four-and-a-half feet,
which makes flooding impossi-
ble.
To ensure the safety of sensi-
tive documents and goods, Mr


THE COLLEGE OF THE BAHAMAS
CENTRE FOR CONTINUING EDUCATION
& EXTENSI( 4 SERVICES (CEES)


If you've lost your jol as a result of the
economic slowdown, or you have been
put on a reduced work week,
seize this chance to retool yourself and learn about opportunities for economic
empowerment at two days of information sessions. You'll also be informed
about avenues for personal and professional development and academic
upgrading skills to make you more marketable!

Experts and professionals from CEES, the Bahamas Development Bank
[BDB] and the Bahamas Agricultural and Industrial Corporation [BAIC]
will give you all the information you need on:

Adult learning programmes
Avenues to upgrade your skills
Opportunities for entrepreneurship

Thursday December 11th at 5 p.m. 7 p.m.
& Friday December 12th 2008 at 1:30 p.m. 3:30 p.m.
Michael Eldon Complex, Ground Floor, Rooms 1A- 1C
Thompson Boulevard

Your chance to become a better you!

For more information contact: CEES at 328-0093 ... .
** //r- ' *


Zecca said that in addition to
24 hour surveillance, a special
fencing based on European
technology will be built around
the property, in addition to a
line of sticky bougainvillea, with
motion detectors and another
line of barbed Wire fencing for
added protection.
No one is getting into this
building," Mr Zecca said.
He added that the site was
chosen because it was accessi-
ble to downtown businesses and
the western end of New Provi-
dence, which is where most of
the financial and corporate
officers are located. These areas
are usually cleared first 1 'st-
hurricane, which should mn ire


that .staff can get to the site in
the event of blocked or flooded
roads.
Mr Mayson added that
financiers behind Bahamas
Logistics are all Bahamian, and
that in construction of the site
they have used Bahamian work-
ers and companies.
"We will also be providing
significant employment to
Bahamains, and will be hiring
positions such as secuirty guards
and office personnel," Mr
Mayson said.
He added the storage rates
will be very competitive,
amounting in the case of douc-
ment storage to about 46 cents
per storage box a month.


new port

FROM page 1B
a 21st century model, and speed
up the clearance of containers.
We're trying to modernise that
as well."
The Arawak Cay Port Devel-
opment Company has been
structured to ensure no one
shareholder can own more than
15 per cent of its equity, with a
collective 60 per cent minimum
remaining in Bahamian hands.
The company is being advised
by KPMG Corporate Finance
and Higgs & Johnson.
Currently, the container ship-
ping facilities in downtown Nas-
sau handle some 70,000 twenty-
foot equipment units (TEUs)
every year, a figure expected to
rise to 150,000 TEUs some 30
years from now.
Some have projected that if a
50 per cent savings could be
made on current handling
charges for the 70,000 TEUs
imported into Nassau per
annum, some $7 million in sav-
ings could be passed on to
Bahamian consumers.





Fo hesopl --



heh nd th


Lightbourne Marine
East Bay Street, Nassau
242-393-5285


BAHAMAS HOTEL INDUSTRY
MANAGEMENT PENSION FUND

Pensioners of THE BAHAMAS HOTEL
INDUSTRY MANAGEMENT PENSION FUND
are asked to visit the Fund's Office in the SG
Hambros Building, West Bay Street, Nassau,
N.P., The Bahamas to obtain an end of year
voucher and to update their pension fund
records.

Please visit the Funds Office by Tuesday,
23rd December, 2008.
Office hours: 9:30 a.m. 4:30 p.m. Monday to
Friday.

The Trustees for the Fund wish all hotel
pensioners a safe- and joyous holiday season.
,- *' '. :1 ** LI .Of 55!


The Bahamas Association of Compliance Officers ("BACO")
BACO is proud to present its
Half Day Form and Christmas Luncheon
On the topic:
"Emerging Threats for the Bahamas and
othei Caribbean Jurisdictions"

Half Day Forum
10:00 am to 12:00 noon

Speakers:

Robert Mathavious
Commissioner of British Virgin Islands (BVI)
Financial Services Commission

Rowena Bethel
Legal Ad\ isors of Ministry of Finance and Member of
Compliance Commission

Christmas Luncheon
12:00 noon to 1:30 pm

Speakers:

Ian Fair
Vice Chairman of Butterfield Bank and former AIBT ,
Chairman

James Smith
Member of the Board of Directors of Sentinel Bank and Trust
and former Governor of the Central Bank

Date: 16 December 2008
Venue: British Colonial Hilton

Cost: Members: $60.00 and Non-Members: $75.00

Register with: info@bacobahamas.com
Tel.: 242-323-0871 or 323-0872
Fax: 242-325-6574 "

www.bacobahamas.com


PAGE 6B, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE













Before handouts,




large firms



bankrolled




conventions


.; By PETE YOST
Associated Press Writer
WASHINGTON (AP) -
Financial giants now being
bailed out by the government
spent millions underwriting the
!;Democratic and Republican
.conventions last summer, just
weeks be ore coming to Wash-
ington begging for multibillion-
,dollar handouts.
The big donors included
AIG, Ford Motor Co., Citi-
group, Goldman Sachs and
'Freddie Mac.
In all, major corporations,
labour unions and individual
millionaires dumped $118 mil-
lion into the nominating con-
ventions for Barack Obama and
:John McCain, according to
reports from the Campaign
Finance Institute and the Cen-
ter for Responsive Politics. The
private groups compiled .the
,numbers from filings required
under federal law.
Private financing of the
'national political conventions is
among the last avenues for cor-
iporations, unions and wealthy
individuals to curry favour
'through big-bucks political con-
tributions. Congress banned the
giving of six- and seven-figure
donations to the political par-
ities, offerings known as "soft
moneyey" in a 2002 law that
.revamped campaign financing
Ain response to concerns that
large sums of money could give
!donors undue influence and
,lead to corruption.
Together, all the donors spent
-.$61 million on the Democratic
'Sconvention and $57 million on
'the GOP convention.
Among the corporate con-
.,.tributors:
American International
Group Inc. gave $1.5 million,
split down the middle between
the Democratic convention in
Denver and the Republican
convention in Minneapolis-St.
Paul. The government now is
providing AIG a $150 billion


financial-rescue package.
Citigroup, receiving tens of
billions in bailout funds, spent
$600,000, including $250,000 for
the Democratic convention.
Goldman Sachs, the recipi-
ent of $10 billion in bailout
money, spent $505,000 on the
political conventions, including
255,000 for the Republican
gathering.
Bank of America is receiv-
ing $15 billion in bailout funds
and its newest acquisition, Mer-
rill Lynch & Co., is getting $10
billion. Bank of America spent
$100,000 on the Democratic
convention, none on the
Republican. ,
The corporate donors also
include Freddie Mac, the finan-
cially stricken mortgage hous-
ing giant which the government
took over in September along
with its sister company, Fannie
Mae. Freddie Mac gave
$250,000 to each convention.
The company is asking for an
injection of $13.8 billion in gov-
ernment aid after posting a
huge quarterly loss.
Wall Street hedge fund oper-
ators got into the act as well.
The GOP convention got $2
million from Raymond Dalio
of Bridgewater Associates. The
Democratic convention
received $500,000 from James
Chanos of Kynikos Associates.
The individual donors includ-
ed billionaire Kirk Kerkorian,
whose fortune has been stung
by the plight of Ford Motor Co.
and an economic downturn that
has damaged his other invest-
ments.
Kerkorian gave $2 million to
help underwrite the Republi-
can convention and $1.5 million
for the Democratic convention.
He gave the money through a
foundation that he controls.
Ford spent $200,000 on the
conventions, divided evenly.
Ford could benefit from the
proposed auto industry bailout
being worked out in Washing-
ton. Ford wants a $9 billion


THE WESTIN
GRAND BAHAMA ISLAND.
OUR LUCAYA
Resort


standby line of credit in case a
competitor fails.
The Federal Election Com-
mission has continued to allow
large contributions to flow to
local committees set up to host
the political conventions, and
those host committees promise
donors special access to each
party's top leaders.
Sheila Krumholz, executive
director of the Center for
Responsive Politics, said that
by taking advantage of a false
distinction between a political
party and the committees host-
ing the conventions, labor
unions were able to support the
Democratic Party in a way that
hasn't been allowed since the
days of soft money, when labor
was among the biggest contrib-
utors.
The Labourers' International
Union provided $1.4 million for
the Democratic convention, and
the Service Employees Inter-
national Union gave $1.35 mil-
lion.
Among the biggest conven-
tion contributors, two retailers
and a telecom company split
their donations while giving
mostly to the GOP: Target
spent $3 million on the Repub-
lican convention, $400,000 on
the Democratic; Qwest spent
$2.9 million to support Repub-
licans, $841,000 for the Democ-
rats, and Best Buy gave $2.3
million to the Republican con-
vention, $299,000 to support the
Democrats.


Sheraton
Grand Bahama Island
ti 11 L \'T \
RIESOIT


EXCELLENT CAREER OPPORTUNITY

EXISTS FOR BANQUET MANAGER

The successful candidate effectively monitor the daily operations
of the banquet department including providing support and
guidance to fellow banquet and stewarding persons to ensure
a successful and effective operation ending in a positive guess
experience.

Candidate should possess the following minimum requirements:

Excellent oral and written communication skills
Knowledgeable in computer programs, Excel, Microsoft
Word, and Delphi
Bachelor's degree in hospitality management or business
management preferred;
Minimum of five years hospitality experience in food
and beverage with at least two years in a Managerial
position.

We offer exceptional pay and benefits
Resume should be forwarded on or before
Friday December 18th 2008
to ourlucayajobs@starwoodhotels.com
or
The Westin & Sheraton Grand Bahama Island
Our Lucaya Resort
P.O. Box F-42500
Freeport, Grand Bahama


THURSDAY, DECEMBER 11, 2008, PAGE 7B


shortlist will subsequently be. invited to present technical and economical
proposals on the basis of a request for proposals (RFP) mailed to them, which
would include the detailed terms of reference.

Interested Consulting Firrmts may obtain further information at the address
below during office hours (0900 to 1700).

BEST Commission
Ministry of The Environment
P.O. Box N 7132
Nassau Court, West Bay Street
Nassau, Bahamas
Tel. 322-4546 or 322-2576.
Fax. 326-3509
E-mail: bestnbs@hotmail.com


THE TRIBUNE


Country: THE BAHAMAS
Project: Promoting Sustainable Energy in the Bahamas
Sector: Energy Sector
Abstract: Provision of Consulting Services for the Promotion of
Sustainable Energy in The Bahamas
Operation No. BH-T1016
Deadline: December 19, 2008


Invitation for Expressions of Interest

The Government of the Commonwealth of The Bahamas (GOBH) has applied
for financing from the Inter-American Development Bank (IDB) toward the
cost of achieving Energy Efficiency ("EE") in public buildings, residential
sector and commercial sectors, and implementing demonstration projects.
The anticipated total cost of the technical cooperation program to be financed
through the SECCI is US$750.000.

The goal of this technical cooperation grant is to promote and support
sustainable energy, including Renewal Energy (RE), EE, Waste to Energy
("WE") and energy conservation programs in order to ensure sustainable
development in The Bahamas, providing alternatives to minimize the
dependency on fossil fuels.

The consulting firms will be responsible for carrying out the following
components:

COMPONENT I Design and Implementation of a National Energy
Efficiency Program: The goal of the energy efficiency program as set out
in the draft National Energy Policy is to reduce the fuel needed to generate
electrical energy by increasing efficiency in a number of areas ranging
from use of solar water heaters, increasing building energy efficiency,
and more efficient lighting and cooling.

COMPONENT II Assessment of RE potential in The Bahamas: The
RE resources vary significantly between islands based on location and
size 'This component will assess RE sources through (a).Design of solar
energy assessment initiative; (b) Design of a wind monitoring assessment
initiative; (c) Design and implementation of a bioenergy research,
development and demonstration programme; (d) Ocean Thermal Energy
conversion ("OTEC") potential assessment programme.

COMPONENT III Development of WE Projects: (i) identify the solid
waste stream on Grand Bahama and New Providence islands to determine
quantities and periodicity to assess its potential as fuel for power generation;
(ii) identify the best suited technology that would generate maximum
economic benefit for a WE plant (integrated solid waste and energy
generation plant); (iii) assess the quantity, composition and flow of land
fill gas that could be developed from the old dump at Harrold Road Landfill
and whether the quantity of gas could be feasibly converted into power;
(iv) evaluate the economic viability of a power generation facility that
would operate on a combination of land fill gas biogass generated in the
facility either in the land fill or WE plant) and solid waste derived fuel;
(v) assess and prepare report on the potential of solid waste from the
Family Islands, to be used as waste derived fuel for the New Providence
WE plant; (vi) review of current-environment policies and regulations to
identify what changes would be needed for the establishment of WE
facilities.
Component IV- This component will assist MOTE, BEST and BEC
to strengthen their.technical and institutional capacity, facilitating
the. transfer of technology and information, 'as well as .implementing
a long-term public education and awareness strategy for sustainable
energy in the country. It will also comprise workshop to validate and
disseminate the findings of this TC and develop communication and
participation strategies during project implementation.

The consulting firms will normally be based in Nassau, Bahamas. Throughout
the undertaking of the assignment however, the consultantswill be expected
to hold consultations with relevant stakeholders in the Family Islands.

The total duration of the implementation period of the consultancies is twelve
(12) months.

The Ministry of The Environment (MTE) now invites eligible consultants
from any member country of the IDB to submit their expression of interest,
which must provide information establishing that they are qualified to perform
the described services. Bidders should indicate in their Expression of Interest
for which project components they are applying.

Consulting Firms should summarize their (i) general consulting experience;
(ii) experience in the implementation of Energy Efficiency, Renewable
Energyand Waste to Energy projects; (iii) working experience in Caribbean
countries similar to The Bahamas; (iv) Experience in institutional strengthening
and communication strategies in the energy sector (v) availability of appropriate
skills among staff.

The Electronic file and Four (4) printed versions of the expression of
interest should be sent to, the address below by December 19, 2008 at 1500
hours (Nassau, Bahamas time).

The expressions of interest will be evaluated based on the qualifications and
relevant experiences of the firm and the results will be used to prepare a
shortlist of no more than six consulting firms. The firms included in the









PAGE 8B, THURSDAY, DECEMBER 11, 2008


THE TRIBUNE


Public company Takeover Code being planned


FROM page 1B


million buyout of Cable
Bahamas' majority sharehold-
er, Columbus Communications,
which would be selling its 30.2
per cent stake back to the com-
pany.
One Cable Bahamas investor,


Commonwealth Of The Bahamas
In The Supreme Court
Equity Side


who requested anonymity, told
Tribune Business yesterday: "I
find it odd that you have a
Board of Directors that is decid-
. ing on whether the majority
shareholder, which controls the
Board of Directors, can sell
their shares to the company
they control and are not offer-
ing the same deal to the other
shareholders.


2008
CLE/QUI/No.1306


The Petition of NEWMANS HOLDINGS LIMITED of
the Commonwealth of The Bahamas in respect of:

IN THE MATTER OF all that piece parcel or Tract of
land containing 60.00 acres being a portion of Crown
Grant to Daniel McKenzie situate at the Western Tip of
the Cay known as Cistern Cay or Joel Cay Westwardly of
Jerry Wells Dock in the vicinity of Deadman's Cay in
Long Island, Bahamas and bounded
NORTHWESTWARDLY by the Sea and running thereon
Five Thousand Three Hundred and Eighty-six and Eighteen
Hundredths Feet (5,386.18') thence
NORTHEASTWARDLY by the Sea and running thereon
Six Hundred and Forty-seven and Ninety-two Hundredths
(647.92) thence SOUTHEASTWARDLY by the
remaining portion of the Crown Grant to Daniel McKenzie
and running thereon Three Thousand Eight Hundred and
Twenty-eight and Ninety-five Hundredths feet (3,828.95)
thence SOUTHWESTWARDLY by the sea and running
thereon One Thousand Six Hundred and Twenty-seven
and Fourteen Hundredths (1,627.14') and thence
WESTWARDLY by the Sea and running thereon One
Hundred and Forty-three and Eighty-one Hundredths feet
(143.81)
AND

AND IN THE MATTER OF THE
QUIETING TITLES ACT, 393

AND

AND IN THE MATTER OF THE PETITION
OF NEWMANS HOLDINGS LIMITED

The Petitioner, Newmans Holdings Limited, claim to be
the owner of the fee simple estate in possession of the
pieces parcels or lots of land hereinbefore described and
the Petitioner has made application to the Supreme Court
of the Commonwealth of The Bahamas under Section 3
of the Quieting Titles Act, 1959, to have his title to the
said land investigated and the nature and extent thereof
determined and declared; a Certificate-ofTitle.to be granted
by the Court in accordance with the provisions of the said
Act.

Copies of the filed plan may be inspected during normal
office hours at:-

(a) The Registry of the Supreme Court, Second Floor,
Ansbacher Building, East Street, Nassau, The
Bahamas.

(b) The Chambers of HOPE STRACHAN & CO.,
Equity House, Mount Royal Avenue North
(Hawkins Hill), Nassau, The Bahamas.

Notice is hereby given that any person having dower or
right of dower or an adverse claim or a claim not recognized
in the said Petition shall on or before the 28th February,
A.D. 2009 file in the Supreme Court and serve on the
Petitioner or undersigned a Statement of Claim in the
prescribed form verified by an Affidavit to be filed
therewith. Failure of any such person to file and serve a
Statement of Claim on or before the 28th day of February,
A.D. 2009 will operate as a bar to such claim.

HOPE STRACHAN & CO.
Chambers,
Equity House,
Mount Royal Avenue North (Hawkins Hill),
Nassau, The Bahamas


"You should offer it to all the
shareholders, so that all who
want to participate can. If
Columbus wants to sell, fine,
but they're looking at selling
back to the company they con-
trol at a greater price than the
current market price. It seems
too incestuous."
However, Mr Deveaux yes-
terday said the proposed Cable
Bahamas transaction was not a
merger or acquisition, but "real-
ly the company buying back its
own shares'
"It's not a takeover. In nor-
mal circumstances in a takeover
situation, it would be normal
practice for the person engi-
neering the takeover to make
the same offer to all the share-
' holders as is being provided to
the majority shareholder."
With regard to the proposed
Cable Bahamas deal, Mr
Deveaux said: "There are issues
that have to be addressed, and
addressed in a very transparent
manner. There can't be per-
ceived to be any conflict of
interest in these things."
Tribune Business under-
stands that the Securities Com-
mission and Bahamas Interna-
tional Securities Exchange
(BISX) are most interested in
avoiding a situation or per-
ception of a situation where
Columbus Communications,
which has a three-man majority
on the Cable Bahamas Board,
in effect approves its own trans-
, action.
Avoiding this is precisely why
the two minority directors, for-
mer deputy prime minister
Frank Watson and ex-Securi-


ties Commission of the
Bahamas executive director,
Sandra Knowles, have request-
ed a third-party fairness opinion
on the transaction.
But aside from the Cable
Bahamas transaction, there
have been plenty of other exam-
ples in the Bahamas that have
fuelled concerns about the pro-
tection of minority sharehold-
ers when the majority owner of
the company they have invested
in is acquired by an outside enti-
ty,
These include the-then Coli-
na Insurance Company's pur-
chase of a majority 51 per cent
stake in Global Bahamas;
Mirant's sale of its 55.4 per cent
controlling interest in Grand
Bahama Power Company (a 50
per cent stake in which is held
by ICD Utilities); Lady Henri-
etta St George's sale of her 50
per cent ICD Utilities stake to
Canadian power producer
Emera; and BSL Holdings'
acquisition of a 78 per cent
stake in Bahamas Supermar-
kets.
In all these cases, the option
,of selling, price and the same
terms were not offered to the
minority Bahamian investors,
unlike in most developed coun-
try capital markets where such
practices are routine. For exam-
ple, in the UK, once any
investor acquires 30 per cent of
a public company's shares, it is
required by the Takeover Code
to automatically offer the same
price and terms to all other
shareholders.
And in the Bahamas,
investors in the companies men-


Temple Christian High School
Shirley Street

Invites applications from qualified Christian
teachers for the following position for the
2008 2009 School Year.


MUSIC

Applicants must:

A. Be a practicing born-again Christian who is
willing to subscribe to the Statement of Faith *
of Temple Christian School
B. Have a Bachelor's Degree in Education or higher
from a recognized College or University in the
area of specialization.
C. Have a valid Teacher's Certificate or Diploma.
D. Have at least two years teaching experience in
the relevant subject area with excellent
communication skills.
E. Have the ability to prepare,
students for all examinations to the BJC/
BGCSE levels
F. Be willing to participate in the high school's
extra curricular programmes.

Application must be picked up at the High School
Office on Shirley Street and be returned with .a full
curriculum vitae, recent colored photograph and
three references to:

Mr. Neil Hamilton
The Principal
Temple Christian High School
P.O. Box N-1566
Nassau, Bahamas
Deadline for application is December 15th, 2008


)FIDELITY


C F A ^L'"


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S*..* WWW .-.ma-. AiAMAS.CoM'Cr 242-394-=503 FOR MORE DATA & INFORMA-nON
S2wk-HI S2wk-Low Be..urity Previous Cloe. Today'. Close Chang. .Daily Vol BPE S DIV S POE VYield
1 95 1 55 Ascot r.1ael6 1 1 0 C.:.- .: 00- C O ;
11.80 11.65 Bahamos 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 0.319 0.160 23.9 2.09%
0.99 0.73 Benchmark 0.73 0.73 0.00 -0.877 0.020 N/M 2.74%
3.74 3.15 Bahamas Waste 3.15 3.15 0.00 0.152 0.090 20.7 2.86%
2.70 1.95 Fidelity Bank 2.37 2.37 0.00 0.055 0.040 43.1 1,89%
14.15 12.00 Cable Bahamas 14.00 14.00 0.00 1.255 0.240 11.2 1 71%
3.15 2.83 Coliln Holding. 2.83 2.83 0.00 0.118 0.040 24.0 1.41%
8.50 4.80 Commonwealth Bank (81) 7.19 7.19 0.00 0.446 0.300 16.1 4.17%
6.59 1.88 Consolidated Water BDRs 2.11 1.98 -0.13 0111 0.052 17.8 2.63%
3:00 2.27 Doctore Hospital ,, 2 55 2. 5 0.00 0256 0,040 10.0 1,57%
6.10 6.02 Famouard 7.80 7.80 0.00 0.535 0,280 14.6 3.59%
13.01 11.87 Fino 11.87 11.87 0.00 0.665 0.570 17.8 4.80%
14.66 10.50 FrstCaribbeen Bank 11.40 10.50 -0.90 8,000 0.682 0 450 15.4 4.29%
8.04 5.01 Focol (8) 5.20 5.20 0.00 0.337 0.170 15.4 3.27%
1.00 1.00 Focol Claes B Preference 1.00 1.00 0.00 0.000 0 000 N/M 0.00%
1.00 0.33 Freeport Concrete 0.33 0.33 0.00 0.035 0.000 9.4 000%
8.20 5.50 CD Utilities 6.81 6.81 0.00 0.407 0.300 16.7 4.41%
12.50 8.60 J. S. Johnaon 11.10 11.10 0.00 0.952 0.620 11.7 5.59%
'010 000 POremierRel Estale 10 C. ..: C 1 0,.:, O1.. I O.-,.-, 56 '. OC%.
ax L.ST7D DB0 T BRUJRITIEa (Bad,%. trade on. Pruarenge Prilnga bmm.s)
52wk-HI 52wk-Low Bee.urlty Syrnbol Last Sale Chang. Dally Vol. Interest Maturity
1000.00 10.00,00Fidelity Benk Note 17 (Serie A) PFBB17 0.00 7% 19 October 2017
1000.00 1000.00 Fidelity Bank Note 22 (Series B) FBB22 100.00 0.00 Prime 1.75% 19 October 2022
1000.00 1000.00 Fidelity Brnk Note 13 (Series C) FBB13 100.00 0.00 7% 30 Mey 2013
100000 100000 Fd8elt Benk NoIe (Sere 0) Se15 1 .: :i 0 f -i.e 1 .I: 2.,:1
.* .* *- .' PfdelEly Ovr-The-Countr SQ.urIt-m .
S2wk-HI 52wk-Low rSymnbol Cid S Ask Last PI.li Weekly Vol BPS S Div S PIE Yield
14 6 14B25 Saner-.. 14.- 1__.5.,-146r,- C.BO 1.1 25-,
8.00 6.00 Caribbean Croselnos (Pref) 6.00 6.25 6.00 0.000 0.480 N/M 7.80%
054 c. 0O ND -..l .nog. .-- 35 4.0 0 3- i:..:i1 *, C.C. -= .:. ,3.0OI
-, Co'lo. Ovr-Tb -Co untlr Seouritles
14.00 14.00 Bahamas Supermarkets 12 45 1335 1400 -0.041 0300 N/M 2 40%
0 5- 0 4C' MD H ,. .r.. :'. .1- ':'-. '' .'. -: ':,;' ':' ':,':":'..... 1 _. C. ..-
SBIlax LItetd Mutual Funds
B2w"2k-HI S52wk-Low Fund N.-Ma JAV YTD', L.sl 12 Month. D. S Yiel.d % NAV ate.
111 1_ 2 _ -- r" I 1 .a-z -_ - _


3.0351 2.9522 Co-i--, MSI Preferred Fund
1.4268 1.3641 Colln. Money Market Fund
3.7969 3.4931 Fidelity Bhomaas G & I Fund
12.5597 11.8789 Fidelity Prime Income Fund
100.2421 100.0000O CFAL Global Bond Fund
100.9600 96.7492 CFAL Global Equity Fund
1.0000 1.0000 CFAL High Grade Bond Fund
10.5000 9.0775 Fidelity International Investment Fund
1.0264 1.0000 FG Financial Preferred Income Fund
1.0289 1.0000 FG Financial Growth Fund
1 0287 1 0000 P FG Financial Diversified Fund
Max ALL SHARE INDEX 1* O O c1 1CO Q.
Swk-MI HiOtn i long pole In la"t y.k k. .
Pralou, Clmme *c*...:. m .a. a*.**o r,. .e I, .-:.. a
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OhT.ng Ch.nn. In lo.io price from d.y to d.y
Oally Vol. Numbr of total her.,.. traded today
DIV 8 DIvind. pr har..e paid In th. lair 12 month.
/* Cloino prlce divided by the i.1 t 12 month oanlnga
-) 4-fr-1 *toak pllt Bffattlv D t 7 81/B/2007


2.9522
1.4294
3.4931
12.5597
100.2421
96.7492
1 0000
9.0775
1 0264
1.0289
1 02 -


-1.62
3.95
-8.00
5.25
0 24
-3 25
0 00
-13 55
2.64
2.89
-2 8'


-1.27
4.87
-15.79
5 73
0.24
-325
0.00
-13.55
2 64
2869


30-Nov-O6
28-Nov-08
30-NOV-08
30-Nov-08
30-S.p-06
30-SOp-08
31-Oec-07
30-Nov-08
31-Oct-08
31 -Ot-08
3i : IC


MARKET TlBRMS
VI;LO a.- .: =-r.. . ., i. ,. i a
tid 5 Buying pria of Colina and Fidelity
Atk 5 Gelling price of CollinO nd fidelity
Leat Pri e -Lat traded over-the-counter pr0co
Wtekly Vol. Trding volume of thlo prior wook
NAY Not ACoot VOluo.
N/M Not M a in1g-uli
FINOEX Tho Fidelity eahflaot Sto0k I0dox January 1. 15QQ4 = 100


.TQ'10.Il PLUJTY 2a2-36a-7784 I PO CAPITAL M'ANKS RL42nW4000 I COL.OKAUMAJ #a-a7a7828...


tioned here are, in some cases,
holding shares in entities whose
management, objectives and
financial performance now dif-
fer markedly from what they
invested in.
Mr Deveaux yesterday
acknowledged that he and the
Securities Commission would.
"have to agree" that the cases
highlighted here by Tribune
Business "could have been
issues addressed if a proper
Takeover Code was in place".
He added: "We are working
on a draft Takeover Code. So in
these cases, we would give some
redress to minority shareholders
and their interests in these
closely-held companies.
"That is something we are
trying very hard to work
towards. We have a draft pro-
vision for takeovers that would
be separate from the Act."
Mr Deveaux explained that


Commonwealth Of The Bahamas
In The Supreme Court
Equity Side


the Takeover Code would be
established as a policy or regu-
lation to be enforced alongside
the reformed Securities Indus-
tries Act.
"The idea is to have in place a
Takeover Code for when the
new legislation comes into
force," he explained. "The time-
lines have been established,
making it likely these things will
come into force, depending on
how things go with the Parlia-
mentary process, in the second
quarter of 2009 the Act and
the regulations."
Mr Deveaux said the Securi-
ties Commission was currently
assessing four different
Takeover Code models
employed in jurisdictions such
as Jamaica, Trinidad, Barbados
and the Organisation of East-
ern Caribbean States (OECS).
"We are trying to get the best
model we can," he added.


2008
CLE/QUI/No.01227


The Petition of NEWMANS HOLDINGS LIMITED of
the Commonwealth of The Bahamas in respect of:

In the matter of all that piece parcel or Lot of Land being
several Parcels of land being portions of original Crown
Grant to John Dowland (D-10) situate in the Settlement of
Hamilton's Long Island, The Bahamas and containing One
Hundred and Seventy-nine and Sixty-seven Hundredths
(179.671) acres and bounded NORTHWARDLY by the Sea
and running thereon Nine Hundred and Ninety-three and
Forty Hundredths Feet (993.40') EASTWARDLY partly by
land the property of Raphael Cartwright and running thereon
Four Thousand and Fifty-three and Fifty-four Hundredths
feet (4,053.54') and partly by 18 acres of land originally
granted to Archibald A. Cartwright and running thereon
Eight Hundred and Four and Twenty-five Hundredths Feet
(804.25') and partly by another portion of land the property
of The Crown and running thereon Two Thousand Eight
Hundred and Forty and Ninety-four Hundredths Feet
(2,840.94') SOUTHWARDLY by land the property of the
Crown and running thereon One Thousand One Hundred
and Thirty and Seventy-five Hundredths feet (1,130.75')
WESTWARDLY partly by Hamilton Estate Subdivision
and running -thereon Three Thousand Nine Hundred and
Ninety-seven and Twelve Hundredths feet (3,997.12) and
partly by land being the other portion of land originally
granted to John Dowland but now the property of Milton
Treco and running thereon Four Thousand Two Hundred
and Forty-six and Forty-five Hundredths feet (4,246.45).
AND
AND IN THE MATTER OF THE
QUIETING TITLES ACT, 393
AND
AND IN THE MATTER OF THE PETITION
OF NEWMANS HOLDINGS LIMITED

The Petitioner, Newmans Holdings Limited, claim to be
the owner of the fee simple estate in possession of the pieces
parcels or lots of land hereinbefore described and the
Petitioner has made application to the Supreme Court of the
Commonwealth of The Bahamas under Section 3 of the
Quieting Titles Act, 1959, to have his title to the said land
investigated and the nature and extent thereof determined
and declared, a Certificate of Title to be granted by the Court
in accordance with the provisions of the said Act.

Copies of the filed plan may be inspected during normal
office hours at:-

a. The Registry of the Supreme Court, Second Floor,
Ansbacher Building, East Street, Nassau, The
Bahamas.

b. The Chambers of HOPE STRACHAN & CO., Equity
House, Mount Royal Avenue North (Hawkins Hill),
Nassau, The Bahamas.

Notice is hereby given that any person having dower or right
of dower or an adverse claim or a claim not recognized in
the said Petition shall on or before the 28th February, A.D.
2009 file in the Supreme Court and serve on the Petitioners
or undersigned a Statement of Claim in the prescribed form
verified by an Affidavit to be filed therewith. Failure of any
such person to file and serve a Statement of Claim on or
before the 28th day of February, A.D. 2009 will operate as
a bar to such claim.

HOPE STRACHAN & CO.
Chambers,
Equity House,
Mount Royal Avenue North (Hawkins Hill),
Nassau, The Bahamas


LEGALNOTICE

NOTICE
INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)


RIO UNIVERSE LTD.
In Voluntary Liquidation


Notice is hereby given that in accordance with Section 137
(8) of the International Business Companies Act, No.45 of
2000, the Dissolution of RIO UNIVERSE LTD. has been
completed, a Certificate of Dissolution has been issued and the
Company has therefore been struck off the Register. The date
of completion of the dissolution was the 5th day of December,
2008.






Liquidator


mm... .. ... .......


o


( x*:: C: l- .N> .A.^ I-






S,-*--'.., ~ ~ -


Airline losses to fall in 2009 epicll 5227


* By CAROLINE
BROTHERS
c.2008 New York Times
News Service
PARIS The airline indus-
try is expected to have collective
losses of $2.5 billion in 2009,
according to a forecast from an
airline trade association.
The report from the Interna-
tional Air Transport Associa-
tion said the 2009 loss would be
half what the group's 230 mem-
.bers expected to lose this year
and reflected improving oper-
ations in North America, where
a sharp fall in fuel prices has
brought relief to airlines that
did not hedge against the costs.
Airlines in North America
are expected to shift from huge


losses to a modest profit next
year, the trade group said on
Tuesday, but carriers in Europe
and Asia will have deeper loss-
es.
Carriers
Unlike airlines elsewhere,
several American carriers were
only just emerging from bank-
ruptcy protection as oil prices
were rising last year, leaving
them unable to hedge and pro-
tect themselves against the
surge in fuel costs. When oil
prices fell sharply, their lack of
contracts locked in at high
prices turned out to be a boon.
While oil, which peaked at
$145.29 a barrel in July, is like-
ly to average $60 a barrel in


Legal Notice


INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)
MONTELEONE HOLDING INC.
In Voluntary liquidation

"Notice is hereby given that in accordance with Section 137
(4) of-the International Business Companies Act (No. 45 of
2000), MONTELEONE HOLDING INC. is in Dissolution."

The date of commencement of dissolution is the 3rd day of
December, 2008.

Epsilon Management Ltd.
Suite 13, First Floor,
Oliaji Trade Centre,
Francis Rache Street,
Victoria, Mahe,
Republic of Seychelles
Liquidator


LEGAL NOTICE



NOTICE

NEWHAVEN FIRST FUND LTD.
VOLUNTARY LIQUIDATION
Notice is hereby given that in accordance with Section 137 (8) of the
Infterhational Business' Conipai es Act'2000 the 'Dissolutio' of'
NEWHAVEN FIRST FUND LTD. has been completed, a Certificate of.
Dissolution has'been issued and the Company has therefore been'struck
off the Register of Companies.

The Date of the Completion of dissolution was 26th of November 2008.





uidaror


2009, according to the trade
industry's forecasts, overall rev-
enue in the industry will fall by
$35 billion, to $501 billion.
"The chronic industry crisis
will continue into 2009 with $2.5
billion in losses," said Giovanni
Bisignani, the chief executive
of the association, based in
Geneva, Switzerland.
Describing the economic
environment as the worst in 50
years, he said, "The outlook is
bleak."
Oil has now fallen to around
$43 a barrel, but not soon
enough to prevent American
carriers from posting what the
trade group predicts will be $3.9
billion in losses this year the
worst regional performance in
the industry.
Next year, North American
airlines should claw out a $300
million profit, but the margin
will be less than one per cent,
the report said.
Global passenger traffic is
expected to fall faster than it
did after the September 11,
2001, terrorist attacks. Traffic
grew two per cent in 2008, but
was expected to fall three per
cent in 2009, the group said. In
2001, it fell 2.7 per cent.
Air cargo traffic is an early
indicator of trends in economic
growth because companies stop
flying inventory when a slow-
down bites. The group predict-
ed that the falloff in cargo traf-
fic would accelerate, dropping
five per cent in 2009 after an
expected 1.5 per cent decline
this year. In a sign that the slow-
down was worsening, cargo traf-
fic shrank 7.9 per cent in Octo-
ber.
In Europe, where many car-
riers, are still locked in at higher
fuel-hedging levels and the
biggest economies are already
in a recession, aviation indus-
try losses will be 10 times as
high, or $1 billion, in 2009, the
group said.
Losses for airlines in the
Asia-Pacific region will more
than double, to $1.1 billion, next
year, group said. The area has a
disproportionate 45 per cent of
-the air cargo market. But Chi-
nese exports are expected to
slow, Japan is in a recession,
and India is likely to have a
drop in demand.
Among the fast-expanding




INSIGHT

For the stories
behind the news,
read Insight
on Monday


'Bulding balanced leaders who are attuned to employees and their needs'


Middle Eastern airlines, losses
will double, to $200 million.
African carriers already battling
to retain market share can
expect another year of losses,
estimated at $300 million.
"The industry remains sick,"
Bisignani said, adding that "the
ferocity of the economic crisis"
had overshadowed the indus-
try's efforts to rein in costs. "It
will take changes beyond the
control of airlines to navigate
back into profitable territory,"
he added.


Country: THE BAHAMAS
Project: Sustainable Energy Framework for BEC
Sector: Energy Sector
Abstract: Provision of Consulting Services for the Development of the Energy
Sector Operation No. BH-T1012
Deadline: December 19, 2008



Invitation for Expressions of Interest


The Government of the Commonwealth of The Bahamas (GOBH) has
applied for financing from the Inter-American Development Bank (IDB)
toward the cost of the integrated assessment of the Energy Sector and to
establish a broad framework for the implementation of renewables into the
energy mix for the country. The anticipated total cost of the technical
cooperation program to be financed through the InfraFund is US$700,000.

The goal of this technical cooperation loan is to upgrade and strengthen
BEC's institutional, operational and financial capacity, providing alternatives
to minimize the Bahamas' dependency on fossil fuels. The purpose of the
project is to provide technical assistance to BEC to achieve financial and
operational sustainability and establish a strategy for BEC's expansion plan
including diversification of generating sources within the sector in the
Bahamas.

The consulting firm will be responsible for carrying out the following
components:

(i) Assist BEC in improving its operational and financial management
including analyzing refinancing options, future financing needs for
expansion and financial viability of BEC's long term investments.
Perform an operational review of the Bahamas Electricity Corporation
with a view to determiningthose areas, and conditions.that wilbenefit
.from operational improvements: "... .
(ii) Review the existing generation mix of the Corporation and determine
the appropriate strategy, timetable, and technological parameters for
the integration of renewable sources of electricity generation in to
the generation mix of the corporation consistent with item (1) above.
(iii) Review the existing regulatory framework and recommend the
appropriate steps for the establishment of an enabling environment
for the development of energy independence and energy security
given the requirements of items (1) and (2) above.

The consultant will normally be. based in Nassau, Bahamas. Throughout the
undertaking of the assignment however, the consulting team will be expected
to hold consultations with relevant stakeholders in the Family Islands.

The total duration of the implementation period of the consultancy is twelve
(12) months.

The Ministry of The Environment (MTE) now invites eligible consultants
from any member country of the IDB to submit their expression of interest,
which must provide information establishing that they are qualified to
perform the described services. Consultants should summarize their (i)
general consulting experience; (ii) experience in Renewable Energy
Implementation; (iii) working experience in Caribbean countries similar to
The Bahamas; (iv) Experience in regulatory reform in the energy sector (v)
availability of appropriate skills among staff.

The Electronic file and Four (4) printed versions of the expression of
interest should be sent to the address below by December 19, 2008 at 1500
hours (Nassau, Bahamas time).

The expressions of interest will be evaluated based on the qualifications and
relevant experiences of the firm and the results will be used to prepare a
shortlist of no more than six consulting firms. The firms included in the
shortlist will subsequently be invited to present technical and economical
proposals on the basis of a request for proposals (RFP) mailed to them,
which would include the detailed terms of reference.

Interested consultants may obtain further information at the address below
during office hours (0900 to 1700).

BEST Commission
Ministry of The Environment
P.O. Box N 7132
Nassau Court, West Bay Street
Nassau, Bahamas
Tel. 322-4546 or 322-2576.
Fax. 326-3509
E-mail: bestnbs@hotmail.com

Bidders who have submitted Expressions of Interest (EOI) under the
advertisement deadline of November 20, 2008 need not re-submit their EOI.


I lr I i tI1 ii liL-


NOTICE
NOTICE is hereby given that ESTHER ABRAHAM
of LILLY OF THE VALLEY, NASSAU, BAHAMAS,
is applying to the Minister responsible for Nationality
and Citizenship, for registration/naturalization as a
citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization
should not be granted, should send a written and
signed statement of the facts within twenty-eight
days from the 11TH day of DECEMBER 2008
to the Minister responsible for Nationality and
Citizenship, P.O.Box N-7147, Nassau, Bahamas.


ORGANIZATIONAL ,A'( L




Contractual Employment Opportunity

You are invited to apply for the following position the following commission based
opportunity:


Sales Representative/Office Administrator


Essential Duties and Responsibilities

/ Networks and obtain new business
V Writes letters and ad copy
v Organizes events
v Conducts research
V Office and Website Administration

Minimum Qualifications

V Self starter
V Deadline driven
/ Strong interpersonal skills.
/ Networker
V Quick thinker
/ Sales experience (Minimum 2 years)
/ Writing Skills
V Microsoft Office Suite
V -Research
V HR and Training knowledge a plus
V QuickBooks knowledge a plus
/ A first degree in a related field


Interested? We are looking forward to receiving your r6sume on or before
December 23, 2008. You can send it to ybethel(5orqgsoul.com.


I





P,~ B THRDY DEEBR1.20 H RBN


"Your Bahamian Sup

%S


ermarkets'1


SUPER

VALUE
NOW ACCEPTING
4, SUNCARD
The Bahamian C-I-dC i CR-lRd
QUANTITY RIGHTS AND PRICES RESERVED


NOTICE TO OUR CUSTOMERS


WHEN CUSTOMS RECENTLY REDUCED THE DUTY ON
CERTAIN FOOD ITEMS, SUPER VALUE REDUCED THE
SELLING PRICES ON THOSE ITEMS ACCORDINGLY.
PRICE INCREASES HAVE NOW OVERTAKEN THE DUTY
SAVINGS ON CEREALS, GRAINS, PASTAS AND OTHER
FOOD ITEMS, WHICH WERE REDUCED.
SUPER VALUE IS WORKING DILIGENTLY FOR YOU
EVERYDAY TO KEEP PRICES AS LOW AS POSSIBLE.
S REDEEM QUALITY STAMPS AT BED. BATH & HOME
DOBE TMS VR SNA


CARNATIO
EVAP

MILK
Large


SPECIALS GOOD DEC. 11th DEC. 17th, 2008


I I I


MUELLER'S
READY CUT
MACARONI
16 oz.

1 *29
"_* _>, *


UAKER
QUICK
GR ITS
5 Ibs..


I I


* 0


9


S
S


(CASE $11.96
MUI I


( MUI
NO0


S4/$


RACHJ
ODL
3 oz.


AN
ES


00
oo.)


ITA HOLUAY SAVlu NGS i
^ ... r Di rii Yf -S. r____________ -... G--^ SO


Royal Dansk Butter, 12 oz.
COOKIES............$4.99
Martlnoell, 25.4 oz:. ,
Sparkling
APPLE CIDER...$3.69


t1.-89


Diamond, 1 lb.
WALNUTS..........$3.79
Dixie Crystal, 2 lb.
Light & Dark Brown
SUGAR...............$1.79


/ KELLOGG'S
CORN
FLAKES
S8 oz.
iA$'J99


MAHATMA
LONG GRAIN/
PARBOILED
RICE
5 lb.


I- -_20.lb. $1 .99

' L I,'1. I i L : ,'!- I [i Ai fL
. ... ....... ._ _._ __u_ __-,_,I 1. 1 . . 1 '.


IN
I


4w
.4i


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'3
I


Holiday, (Tins)
POPCORN........$10.99
Ocean Spray, 64 ox.
CRANBERRY
JUICE .............$4.59
Shurfine Red
CHERRIES
S ........................... $1.79
oz .....................$3.49
Red Gold, 15 oz.
Stewed/Crushed
TOMATOES.........$1.29


I p
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2 0


THE TRIBUNE


PAGE 10B THURSDAYDECEMBER 11, 2008


'< ,











Deal closer on $14bn autobailout


IAR-S

IUMBO

CHICKEN

MEAT




IRANI
.i R g


MIS-CUT

CHICKEN

WINGS

per lb


$4,394

A /
U"


S"-


0 0


1 LB.


IS


U.S. CHOICE
BONELESS CHUCK

STEAK or.

ROAST
per Ib


$


99


IBlW, Regular 8 oz. PIC SWEET MIXED, 16 oz.
AMW CHEESE....$199 MIXED VEGETABLES...$1.59

M&IY, Asst'd 8 oz.
=M CHEESE FROSTY ACRE, 4 Ears
S ...............................$2.49 CORN OB COB....................$2.99

lNWY DELIGHT, 64 oz. NESTLE BLUE EDITION, 56 oz.
OS & CALIFORNIA I EAM
M CH ......................2/$5.99 ICE CREAM..............................$6.39
M CH ~...................... 7 5 g


.w


CAR MAYER
BEEF
BOLOGNA
12 oz.

$299


I FRESH BAKED
FOUND CAKES


$999

S'; .


*


*


OSCAR MAYER
REG/BUN-LENGTH
WIENERS
1 Ib

$279


WHOLE
ROTISSERIE
CHICKENS
each

$799



HARVEST FRESH

GREEN

PEPPERS


per lb.

1I49


* By JULIE HIRSCHFELD
DAVIS
Associated Press Writer
WASHINGTON (AP) -
Majority Democrats and the
Bush White House have final-
ized a deal to spend $14 billion
on emergency loans for strug-
gling US automakers, congres-
sional officials said Wednesday.
Strong opposition lingered
among some Republicans.
The White House did not go
as far as to say the deal was
final, although it did report
"very good progress." The mea-
sure could see a House vote lat-
er Wednesday and be enacted
by week's end.
It would create a government
"car czar" to dole out the loans,
with the power to force the car-
makers into bankruptcy next
spring if they didn't cut quick
deals with labour unions, cred-
itors and others to restructure
their businesses and become
viable.
Congressional Republicans,
left out of negotiations on the
package, are expressing grave
reservations and may seek to
block it.
Sen. David Vitter, R-La.,
promised to filibuster the mea-
sure, which could delay a final


2008


COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
CLE/qui/No. 00578
Common Law and Equity Division


IN THE MATTER OF ALL THAT TRACT of Land
comprising 53.513 acres being a portion of Crown Grant
1-42 to George Farquharson and situate in Braemar'Settlement,
Crooked Island, Bahamas, approximately 1.2 miles Southeast
of Major's Cay
Landing
AND
IN THE MATTER OF the Quieting Titles Act of 1959
AND
IN THE MATTER OF the Petition of Japheth Edison
Deleveaux

NOTICE OF PETITION
Pursuant to an Order of The Supreme Court dated the 9th -
day of June, A.D. 2008.
The Petition of Japheth Edison Deleveaux of
Imperial Park, Seabreeze Estate" in the Eastern
District of New Providence, one of the Islands of The
Commonwealth Of The Bahamas showeth in respect of:
ALL THAT tract of land comprising 53.513 acres being.
a portion of Crown Grant 1-42 to George Farquharson
and situate in Braemar Settlement, Crooked Island,
Bahamas, approximately 1.2 miles Southeast of Major's
Cay Landing and bounded Easterly by another portion
of Crown Grant 1-42 and running thereon One Thousand
Nine Hundred and Forty-seven and Thirty-fivehundredths
(1,947.35') feet and on the South by another portion of
Crown Grant 1-42 and running thereon One Thousand
Four Hundred and Eighteen and Thirty-one hundredths
(1,418.31') feet and on the West partly by another portion
of Crown Grant 1-42 and running thereon One Thousand
One Hundred and Nine and Fifty-six hundredths
(1,109.56') feet and partly by land said to be the
property of the Bain family and running thereon Seven
Hundred and Ninety-eight and Forty-fivehundredths
(798.45') feet and on the Northwest by another portion
of Crown Grant 1-42 and running thereon Sixty-three and
Fifty-nine hundredths (63.59') feet, and Northerly by
another portion of Crown Grant 1-42 and running thereon
Sixty-three and fifty-nine hundredths (63.59') feet.
The Petitioner, Japheth Edison Deleveaux, herein
claims to betheowner in fee simple in possession of
the said tract of land and has made application to
The Supreme Court Of The Commonwealth Of The
Bahamas under Section 3 of the Quieting Titles Act
1959 to have his title to the said tract of land investigated
and the nature and extent thereof determined and
declared in a Certificate Of Title to be granted by the
Court in accordance with the provisions of that Act.
Copies of the Plan showing the position boundaries
shape marks and dimensions of the said tract of land may
be inspected during normal office hours at the following
places:
(a) The Registry of The Supreme Court, East Street
North, Nassau, Bahamas.
(b) The Chambers of Joseph C. LUd6e, Suite No. 6,
Grosvenor Close, Shirley Street, Nassau,
Bahamas.
(c) The Administrator's office at Major's Cay,
Crooked Island.
Notice is hereby given that any person having Dower
or right to Dower or an Adverse Claim not recognized
in the Petition shall on or before the expiration of
Thirty (30) days after the final publication of these
presents file at the Registry of The Supreme Court
in the City of Nassau, Bahamas, and serve on the
Petitioner or on the undersigned an Adverse Claim
in the prescribed form verified by an Affidavit to be
filed therewith.


Failure of any such person to file
Adverse Claim on or before, the
Thirty (30) days after the final
these presents shall operate as a bar


and serve an
expiration of
publication of
to such claim.


DATED THIS 9"' DAY OF JUNE, A.D.'2008.
JOSEPH C. LEDEE, ESQ.
Chamber Suite No. 6, Grosvenor Close
Shirley Street
Nassau, Bahamas
Attorney for the Petitioner
(N.19,D.1,11)


- have gone sour with the col-
lapse of American Internation-
al Group Inc. and other finan-
cial institutions.


4,'. -~ *
5'-


r
&


-s


f


"V


BAR-S
SLICED THICK
BACON
12 oz.

$099


vote for days.
He said the package has an
"ass-backwards" approach to
curing what ails the US auto
industry- giving carmakers
money immediately, and only
later demanding that they
restructure.
Nevertheless, Democratic
leaders were confident enough
that a bill could advance that
they set a procedural vote for
the House floor later Wednes-
day. Even still, Sen. Mitch
McConnell, the GOP leader,
said in late morning that his side
hadn't seen the measure yet and
wouldn't agree to votes on the
measure Wednesday.
"Republicans will not allow
taxpayers to subsidize failure,"
McConnell said, although he
added that the auto situation
would be addressed by the end
of the week.
The congressional officials
revealed agreement on a bill
only on grounds of anonymity
because the deal has not been
formally announced.
At the White House, Deputy
Chief of Staff Joel Kaplan said
the administration and Con-
gress have made "very good
progress on a conceptual agree-
ment."
"We'll be talking retail to


--7


THURSDAY, DECEMBER 11, 2008, PAGE 11B


THE TRIBUNE


/ r <


individual senators to win their
support," said Kaplan, who said
he expected President George
W Bush to lobby Republicans
to vote for the package.
Kaplan said it was critical that
the legislation have a clear def-
inition of what is long-term via-
bility for the companies.
A breakthrough came when
Democrats agreed to scrap lan-
guage which the White
House had called a poison pill
- that would have forced the
carmakers to drop lawsuits chal-
lenging tough emissions limits
in California and other states,
said congressional aides.
Environmentalists already
were livid that the measure
draws the emergency loans
from an existing loan pro-
gramme to help carmakers
retool their factories to make
greener cars.
Kaplan also said the presi-
dent was dispatching Chief of
Staff Josh Bolten to Capitol Hill
to make the case for the legis-
lation with skeptical Republi-
cans.
Kaplan said the Bush admin-
istration would work with Pres-
ident-elect Barack Obama's
team on choosing the so-called
"car czar," acknowledging that
Bush's tenure ends in 41 days
and the automakers' woes will
continue well into 2009.
"We expect to work closely
with the president-elect's team
on what is the most effective
means of implementing this leg-
islation," Kaplan said.
Asked about the role of the
"car czar," Kaplan said: "This is
not somebody who's going to
run the companies. This is
someone who is going to bring
them around the table, knock
heads."
"This is a bridge to either fun-
damental restructuring or bank-
ruptcy," he added. "They either
have a long-term plan that's
viable or we get our money
back. And if we call our money
back, which is required under
this bill, then those firms are
not going to be able to survive."
Getting 60 votes for an agree-
merit, with many senators
expected to be absent for the
emergency, postelection debate,
could be tricky. 1
Sen. Carl Levin, D-Mich., an
ally of the auto industry, said,
"This gets us to the 20-yard line,
but getting over the goal line
will take a major effort, partic-
ularly in-the Senate."
He called for Bush and Pres-
ident-elect Barack- Obama to
lobby personally for the auto
bailout.
Obama defended the auto
bailout as necessary given the
threat a potential Big Three col-
lapse could pose to an already
battered economy.
"As messy as it may be, 1
think there's a sense of, 'Let's
stabilize the patient,' he said in
an interview published in
Wednesday's editions of the
Chicago Tribune and Los
Angeles Times.
He called the auto industry's
plight lackluster sales,
choked credit and widespread
economic turmoil "the per-
fect storm."
A key compromise on the
measure came when negotia-
tors reached a compromise to
require the czar to revoke the
loans and deny any further fed-
eral aid to automakers that
don't strike restructuring deals
by next spring. Democrats had
proposed giving the overseer
that option but not requiring it.
The measure would attach an
array of conditions to the
bailout money, including some
of the same restrictions imposed
ori banks as part of the $700 bil-
lion Wall Street rescue. Among
them are limits on executive
compensation, a prohibition on
paying dividends and require-
ments that the government
share in future profits and tax-
payers be repaid before any
other shareholders.
Also includedin the plan is a
requirement that the carmiak-
ers taking federal aid get rid of
their corporate jets which
became a potent symbol when
the Big Three CEOs used them
for their initial trips to Wash-
ington to plead before Congress
for government assistance.
The measure also includes a
bail out of some of the nation's
largest transit systems. The bus
and rail systems could be on the
hook for billions of dollars in
payments because exotic deals
they entered into with investors
which have since been
declared unlawful tax shelters






THE TRIBUNE


PAGE 12B. THURSDAY. -DECEMBER 11, 2008


Wholesale inventories, sales plunge in October


, By MARTIN CRUTSINGER
-. AP Economics Writer
WASHINGTON (AP) -
Wholesalers cut back on their
inventories in October by the
largest amount since the period
following the 2001 terrorist
attacks while they watched their


sales plunge by a record
amount.
Analysts predict more grim
news in the months ahead as the
current recession deepens.
The Commerce Department
reported Wednesday that
wholesalers, the companies in
the supply chain between man-


1.S OHNSON'

INSURANCE AGENTS & BROKERS




NOTICE

To Our Valued Clients


Our Nassau Offices

WILL BE CLOSING AT

12:30 P.M.



Friday, 12th

December, 2008


Our Freeport, Abaco &
Exuma Branches
will be CLOSED on that day




Regular office hours for ALL
Branches will resume

Monday, 15th DECEMBER, 2008


We apologize for any
inconvenience caused

I"__ 'il r' "l I l


ufacturers and retailers, reduced
their inventories by 1.1 per cent
in October, the biggest cutback
since a similar drop in invento-
ries in November 2001.
The inventory decline was
much bigger than the 0.2 per
cent decrease economists
expected.
Sales at the wholesale level
plunged by 4.1 per cent in Octo-
ber, the largest decline on
record.
The huge declines in inven-
tories and sales provided fur-
ther evidence that the economy
is in a steep recession. Many
analysts believe the current
recession, which has already
lasted 12 months, will drag o
until the middle of next year. If
it lasts past April, it will become
the longest recession in the post
World War II period, surpassing
recessions in the mid-1970s and
early 1980s that both lasted 16
months.
The financial crisis has taken
its toll on Main Street with retail
sales falling sharply, sending
shock waves through the rest of
the supply chain.
The 1.1 per cent drop in
wholesale inventories reflected a
0.2 per cent fall in stockpiles of
durable goods such as autos and
appliances, which are expected
to last at least three years.
Inventories of nondurable


goods, products such as food,
clothing and petroleum prod-
ucts, dropped by an even sharp-
er 2.6 per cent in October, a
record amount.
The 4.1 per cent drop in sales
at'the wholesale level reflected a
4.2 per cent decline in sales of
durable goods, and a 4.1 per
cent drop in sales of nondurable
goods.
The cutbacks at the wholesale
level reflect the deteriorating
conditions at retail stores, where
consumer spending has been
falling as households struggle
with rising unemployment and
tight credit conditions.
Beaten-down shoppers last
month handed retail stores their
worst results in at least 39 years.
Costco Wholesale Corp., usu-
ally a strong performer, report-
ed a bigger-than expected sales
drop. Abercrombie & Fitch Co.,
Kohl's Corp. and Macy's Inc. all
reported sales declines of more
than 10 per cent.
One notable exception was
Wal-Mart Stores Inc., which
posted sales gains.
Overall, sales dropped 2.7 per
cent last month, according to
the Goldman Sachs-Interna-
tional Council of Shopping Cen-
ters index based on 37 stores. It
was the worst showing since at
least 1969,'when the index
began.


We're looking for a few good

people to join our team.



DO YOU HAVE


WHAT IT TAKES?


Apply for the position of





Sales Executive



Must have prior sales experience

* Must have transportation

* Must have great communication skills

* Must be able to work flexible hours

* Must be computer literate

* Must be able to manage client

accounts/collections and receivables



Please drop off resumes to


The Tribune




Shirley & Deveaux Streets
or email: tribune@tribunemedia.net
c/o Sales Manager


LEGAL NOTICE

NOTICE

DIAMOND COMPANY LIMITED
NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting
of the Shareholders of the above-named Company duly convened and
held on the Fifth day of December, 2008 the following resolutions were
passed:
RESOLVED that DIAMOND COMPANY LIMITED be
wound up voluntarily.
RESOLVED that LYNDEN D. MAYCOCK be appointed
the Liquidator for the purpose of such winding up.
Dated the Ninth day of December, 2008.
BAC Bahamas Bank Ltd.
Registered Office
For the above-named Company

LEGAL NOTICE

NOTICE

EMERALD ASSOCIATES LIMITED
NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting
of the Shareholders of the above-named Company duly convened and
held on the Fifth day of December, 2008 the following resolutions were
passed:
RESOLVED that EMERALD ASSOCIATES LIMITED
be wound up voluntarily.
RESOLVED that LYNDEN D. MAYCOCK be appointed
the Liquidator for the purpose of such winding up.
Dated the Ninth day of December, 2008.
BAC Bahamas Bank Ltd.
Registered Office
For the above-named Company


LEGAL NOTICE

NOTICE

GRANITE COMPANY LIMITED
NOTICE IS HEREBY.GIVEN that at an Extra6rdinary General Meeting
of the Shareholders of the above-named Company duly convened and
held on the Fifth day of December, 2008 the following resolutions were
passed:
RESOLVED that GRANITE COMPANY LIMITED be
wound up voluntarily.
RESOLVED that LYNDEN D. MAYCOCK be
appointed the Liquidator for the purpose of such winding up.
Dated the Ninth day of December, 2008.
BAC Bahamas Bank Ltd.
Registered Office
For the above-named Company


GN-794




Ministry of Public Works and Transport
GOVERNMENT NOTICE
INVITATION FOR TENDERS
MAINTENANCE OF PUBLIC CEMETERIES IN NEW PROVIDENCE
The Government of the Commonwealth of The Bahamas through the
Ministry of Public Works and Transport invites T nders for the maintenance of the
under-mentioned public cemeteries in new Providence:
* Old Trail Cemetery Section B
* Old Trail Cemetery Section C
* Old Trail Cemetery Section D
* Old Trail Cemetery Pauper's Section
* Southern Cemetry Section I
" Southern Cemetery Section II
" Eastern Cemetery
* Fox Hill Cemetery
* Western Cemetery
* Out Island Cemetery

The main scope of services to be provided for the maintenance of each cemetery
is as follows:
* Weeding
* Mowing and weeding of grass
* Removal of debris.
* Pruning of trees ..
The Ministry of Public Works & Transport now invites interested contractors to
collect tender documents and to complete and submit same in accordance with
the instructions therein.
Tender documents may be obtained by interested parties as of Monday, 8th
December, 2008 from:
The Civil Engineering Section
Ministry of Public Works and Transport
John F. Kennedy Drive
P.O.Box N-8156
Nassau, The Bahamas
Tel: (242) 322-4830 Extension 4042
Fax: (242) 302-9770
between the hours of 9:30a.m. and 4:30p.m. Monday to Fridays
The completed tender document is to be deposited in the Tender Box located at
the office of the Director of Public Works and Transport, 3rd Floor, John F. Ken-
nedy Drive, Nassau, The Bahamas no later than 10:00a.m. on or before
Friday, 19th Decemeber, 2008..
All clarifications and/or questions are to be directed to the Chief Civil
Engineer at the above mentioned address.
Permanent Secretary
Ministry of Public Works and Transport
3rd December, 2008


BUSINESS








THE TRIBUNE


THURSDAY. DECEMBER 11, 2008, PAGE 13B


Deem! 1 l*t _-0


I




1~*


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 Bay Rarbour, on the island of Eleuthera, one of the 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.



Lot No. 186, Coral Harbour Waterways, Coral Harbour

i 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
S 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
- ......... W 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.
Appraisal:

$427,726.80

.... Take coral harbour road from the round about, head straight toward the.canal, take about the 3rd right, hopkins drive. the subject property will be the 1st house on
S he right side painted all white.

Lot No. 3 Yamacraw, Beach Estates
KENNEDY SUBDIVISION (NASSAU) -- All that lot of land having an area of 10,000 sq ft, being
...... slot no. 3 in Yamacraw Beach Estates, in the said
Lot No. 21 all utilities available 10 year old single subdivision situated in the eastern district of New
story house, 3 bedroom 2 bathroom, living room, Providence Bahamas. Located on the subject property
dining area, family room, kitchen, study, laundry and is a single-storey triplex building comprising of 3 units
an entry porch. with two 2-bedrooms, 1 -bathroom, living, dining, kitchen
A s1. apartments unit and one unit being used as a barber and
SAppraisal: $188,406.00 beauty salon. the land is on a grade and level; however
the site appears to be sufficiently elevated to disallow
Heading west along Soldier Road take main entrance the possibility of flooding during annual heavy rainy
to Kennedy Subdivision on the left, then take the 1st .periods of the year.
corner on the left then 1st right, house is second on
your right with garage. 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.


DUNDAS TOWN (ABACO) Dorsetteville, Bamboo Town Investment Opportunity Must Sell Lot No. 51
3itwo bed. 1btf ure xo t7 n. b All that lot of land having an area of 5,000 sq ft, being lot no. 51,
3 two bed, 1 bath fourpex 9,000 sq. ft., lot no. 18bof the subdivision known as Dorsettevlle, the sad subdvsn
with an area for a small shop. Age 12 years the land situated in the southern district of New Providence Bahamas.
S- is a portion of one of the Dundas Town Crown Allotment Located on tho subject property is a structure comprising of an
0', i parcels stretching from Forest Drive to Front Street, approximately 20yr old duplex apartment comprising of
being just under a quarter acre in size and on the approximately 1,641 sq. ft. of enclosed living space which includes
S lowside. A concrete block structure, with asphalt two 2-bedrooms, 1-bath, kitchen, living & dining rooms units. and
shingle roof and L-shape in design with a total length an approximately 9yr d one bedroom apartment building
of 70x26 ft, plus 50 x 22 ft., 2,920 sq. ft., the interior comprising of 382 sq. ft. with bath, kitchen, living/dining room. the
walls are concrete blocks, ceiling is sheet rock and land is on a grade and level; the site appears to be sufficiently
the floors of vinyl tiles. o elevatedtot disallow the possibility of flooding during annual heavy
Appraisal: $265,225.00 rainy periods of the year. The grounds are fairly kept with improvements
rApp l $ ,2 of concrete parking area & concrete walkways around the premises.
he ard isenclosed with chained linked fencing atte bsides anLd.ack.
Appraisal: $202,225.40

LOT NO. 12, BLOCK 3, MILLAR'S HEIGHTS Traveling south on East Street from Soldier Road; tum 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.
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 Investment Opportunity Must Sell Lot No. 217
Providence, Bahamas. This property is comprised of a 25 PinewoodGardensSubdivision
iyr old single family residence consisting of approximately
2,375 sq. ft of enclosed living space with three 2-bedrooms, All that lot of land having an area of 5,000 sq ft, being Lot
1-bathroom, p living/dining rooms, ande kitchen apartment No. 217 of the Subdivision-known as Pinewood Gardens, the
complex. The land is on a grade and level and appear to said subdivision situated in the Southern District of New
be sufficiently elevated to disallow the possibility of flooding Providence Bahamas. Located on this property is a structure
during annual heavy rainy periods. The grounds are fairly .comprising of an approximately 20 yr old single family residence
kept, with improvements including parking area, walking pathway and low shrubs. The yard is enclosed with chain consisting of 992 sq. ft of enclosed living space with 3-
linke" fencing at the back and southern sides. bedrooms, 1-bathroom, living.'ining rooms, kitchen, drive
way and walk way. The land is on a grade and level and
Appraisal: $239,500.00 appears to be sufficiently elevated to disallow the possibility
Traveling west on Carmichael Road, eater West Avenue, on the South side immediately after Topps Laundromat. Take of flooding. The grounds are fairly kept and yard is open.
first right which is Wimpole St., go around the curve on the left which is London Avenue, traveling south on London Appraisal $127,988.00
Avenue the subject property is the 9th building on the right before the T, Junction (high street) the subject building is
an L bnape triplex, painted green, trimmed white. 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, tum 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 IBogue 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 Inprovements
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.


SIR LYNDEN PINDLING ESTATES


All that lot of land having an area of 5000 sq ft, being lot
2525/6 of the subdivision known as Sir Lynden Pindling
S Estates, the said subdivision is situated in the southeastern
f" ., district 'of New Providence Bahamas. This property is
"" "" comprised of an approximately 4 yrs old single family
residence consisting of approximately 1,220 sq. ft of
Enclosed living space, with 3-bedrooms, 2-bathrooms.
S living/dining room, kitchen and utility room. the land
Sd c 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, the grounds are fairly
kept, with improvements including a walkway. The yard
is enclosed with chain linked fencing.

Appraisal: $155,694.40
Traveling through Pinewood Gardens from East Street. go to the roundabout. heading north from the roundabout, take
the 2nd corner right heading east toward Sir Lynden Pindling Estates. After passing the convenience store, take the I st
corner right and head toward the Charles Saunders Highway, the property is the 5th house on the left.


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 th% 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



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: $51,574.00
This lot is vacant land and is located in the area known as "Mutton Fish Point"


LOT NO. 10B, 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 of the 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: $72,000p00

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
Corldon 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 11'3.40 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: SI't* ,.
--4


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PAGE 14B THURSDAYDECE 8


THE TRIBUNE


A *O -


Lot No. 5, Block 20 Millar's Heights
All that lot of land having an area of 7,500
-, sq, ft, being Lot 5 block 20, of the subdivision
known as Millar's, the said subdivision situated
... --- in the southwestern district of New Providence,
Bahamas. Located on the subject property is
an approximately 19 yr old single-storey
duplex apartment consisting of approximately
1,524 si. ft. of enclosed living space with two
.... '" .." -.' 2-bedrooms 1-bathroom, living, dining rooms
... & kitchen. Ventilation is by wall air-
S,.'.. .... conditioning units in the bedrooms. Minor
repairs needed. 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 rainyperiods of the year. The grounds are fairly kept, with improvements including parking
area & walking pathway. The yard is inclosed with chain linked fencing at the back & southern sides, with
low wall in front
Appraisal: $182,536.00

Traveling west on carmichael road, go pass the intersection of faith avenue heading towards Bamboo
Shack. Take the comer opposite Bamboo Shack where washhouse is located. Heading south all the way
throtigh, the subject property will be the 3rd on the left side after passing the 3rd corner painted yellow
trimmed green.


Lot #4 Jackfish Drive, Golden Gate #1


'g IAMILTON'S, LONG ISLAND

All that piece parcel or lot of land and
improvements situated in the settlement of
S" 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.
This site encompasses a 35yr structure. A simple
style home consisting of two bedrooms, one
., "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 Queet's Highway.

LOT NO. 359, ELIZABETH
-- *ESTATES
SAll 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
.. T area of approximately 5,000 sq. ft. located
S- .. on the subject property is a 22 year old
L single family residence comprising of
S approximately 871 sq, ft of enclosed
^ -. .j B 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. 2 MORIGOLD FARM
SUBDIVISION


All that lot of land having an area of approximately
5,638 sq. ft. being lot No. 2 of the subdivision
known as Marigold Farm Subdivision, the said
subdivision situated in tlie Eastern District of
New Providence and located Lumumba Lane
North off Marigold Road situated on the property
is a year old single storey residence consisting
of 3 bedrooms, 2 & 1/2 bathrooms, living, dining,
kitchen and utility room. The Land is on a grade
and level and appears to be sufficiently elevated
to disallow the possibility of flooding. The
property is open from the front but has chain linked fencing at the sides and back.

Appraisal: $197,107.60

Take Joe Farrington Road heading east, turn onto Marigold Farm Road go pass Marigold Farms, then turn right
onto Lumumba Lane, go almost to the middle of the corner and the subject property is about the eight house
on the right hand side of the road.


MURPHY TOWN ABACO
Alll that.parcel of land having an approximate area of
-' 9,000 sq ft, located on the above mentioned lot is a
single family wooden structure, 25ft by 40 ft with
asphalt shingled roof. This house is approximately
15 yr old and comprising of 3 bedrooms, 2 bathrooms,
I ,' living/dining area and kitchen. This house is in need
of some serious repairs. The future life of this house
depends on the repairs that will be carried out. Without
repairs it is not more than about 5 years. If upgrading
and maintenance is carried out it could be longer the
land rises above road level, to a height in excess of
approximately 15ft above sea level, with no likelihood
of flooding in a hurricane.
Appraisal: $72,250.00
This house is located off the main Murphy Town Road about 150 ft to the Northeast of the comer and is painted blue
trimmed white.


LOT LOCATED STELLA MARIS,
LONG ISLAND


S. All that lot of land having an area of 30,000 sq
ft, more or less, having a 150 ft of road frontage
S- & running back 200 ft at its most is located
S within the Stella Maris Subdivision in North
.- '" "Long Island one of the Island of the
-.. Commonwealth of The Bahamas. Located oi
S ^ t w this property is a 6yr old split level residence
-- a"S -k consiting of approximately 3,058 sq. ft. of
enclosed living space with 2-bedrooris, 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


Sg All that piece parcel or lot of land and
f .improvements, in the settlement of Lower Bogue,
North Eleuthera, being No. 62, comprising of
^.. about 34,210 sq. ft., this site encompasses a 12
''' year old single storey home comprising of 4
:' '" bedrooms, 3 bathrooms, front room, dining,
.. - . breakfast room, kitchen and laundry room, with
S .. .-- -. a total living area of approximately 2,342.06.
Property also includes a double car garage, and
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.


1 ACANTPOPRIE


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.


.1


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 North 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


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.
APPRAISAL: $219,354.40

The subject property is vacant and is situated at the Southeastern entrance of the Community of Blackwood, Abaco. The
property is undivided and comprises approximately 6 acres of a larger tract of land of approximately 26 acres.


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


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 Farm 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 Bahamas. 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.




6 S 0 a o a *9 66 a * -e a r e coi ba com 3 56-8


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INVESTMENT OPPORTUNITY





Mss.L.


Lot 238 SUN CLOSE ,A
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 forrperly 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) subject
Right white trimmed black.


appraisal: $136,000.00


_- J


is the fourth property on the


a. *.* a.. * ~** a ** **** A AA A At A A teA


Lot 3004 SIR LYNDEN PINDLING EST.
WEST SIDE OF PEAR STREET
OFF PRINCE CHARLES HIGHWAY Appraisal: $146,000.00


- - - -- -.----- -.-.--;~.-~


..- i'ns -- .- m .-
FS*


The total area of the property is 5,000 sq, ft. Located on this property is
a 3-year-old single family residence consisting of approximately 960 sq.
ft. of living space inclusive of two bedrooms, one bathroom, living,
dining and kitchen.
Directions to property: Travelling Charles Saunders Highway east, turn onto
Marguerite Pindling Avenue, turn second corner on left. House is #3004 at the end
of the left side of the street painted blue and blue.


Lot 8 TERRA NOVA ESTATES


Appraisal: $195,000.00


m.ay.il n
RNA


The total area of the property is. 6,750 sq. ft. Located on this property is
a single family residence consisting of approximately 1,338 sq. ft. of
living space inclusive of two bedrooms, one bathroom, living, dining
and kitchen.
Directions to property: Travelling west on Cowpen Road from Blue Hill Road, take
first corner left to go to T-junction, turn left then first right. Subject is second
property on the left.


Lot 20 COOPER'S TERRACE
OFF KEMP ROAD


Appraisal: $91,000.00


The property has a total ......
area of approximately h-;. .
4,550 sq. ft. Located on the
subject property are 2 .
structures. Building 1
comprise an approximately. .
25-30 year old single family
residence consisting of J
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.


PARCEL OF LAND, PALMETTO POINT
ELEUTHERA /

All
lar
ju
ro-
ST iN,, AT Hi
Th
', i~ ,. ye
str
II I sq
sp



ELEUTHERA
Lot #115 GOVERNMENT SUBDIVISION
ALICE TOWN, HATCHET BAY


appraisal : $112,105.00

I that piece, parcel or. !o)
nd 2,743 feet East (, "h
action of the Palmetto Ponu
ad and main Eleu'er.-
ghway containing 2.45 acrc-,.
is site encompasses <. 2j-
ar-old single storey concrete
ructure of approximately 832
uare feet of enclosed floor
ace inclusive of shop space:
d rest room facilities.

* **


Appraisal: $101,023.00

Z,


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.


ELEUTHERA
Lot #64 RIPLY STREET, DUNMORE TOWN
HARBOUR ISLAND Appraisal: $286,569.00


The property has a total
area of 4,604 square feet.
The site encompasses a
structure that was
converted into a triplex
apartment and is 11 years
old. Accommodations
include: Three 1 bedroom,
1 bathroom, living, dining
and kitchen area with a
total area of 1,950 sq. ft. in


'-S ~ 'S
45-.
a-




If


addition to a porch of 160 sq. ft. and a basement of 90 sq. ft.


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















The subject property is located on Kingway Road and
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 ol
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


Appraisal: $220,180,00


The subject property is being
developed with a single family
split level residence of CBS
construction with 1956 square -i
feet of living space. The top tI
floor comprises 1496 square
feet and the lower floor
comprises 460 square feet. All .
plumbing and. electrical rough -
work has been completed. The block work is completed on the
bottom floor with a portion of the upper floor completed.


mowmimmmnow*
pwow"wl


THE TRIBUNE


THURSDAY, DECEMBER 11, 2008, PAGE 15B









, m.IU ,1, ,-


INVESTMENT OPPORTUNITY


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


Appraisal: $254,355.0.0


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


Lot 96 HUDSON ESTATES


Appraisal: $116,190.00


-I


Lot Z Block 4
HARBOUR WEST SUBDIVISION
FREEPORT, GRAND BAHAMA


Appraisal: $243,000.00


The lot is rectangular in shape and is 120 by 118 feet or .32 acres.
Erected on this property is a triplex building of 2,598 sq. ft. This
space is divided into three apartment units With different sizes and
layouts. One 3 bedrooms, 2 bathrooms, entrance porch, living, dining
and kitchen. Two 1 bedroom, 1 bathroom, living, dining and kitchen
area with an entrance porch.

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.

NEW ROVIE N


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.




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






is"






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


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 17 (Section 1)
MALIBOO REEF SUBDIVISION
FREEPORT, GRAND BAHAMA


Appraisal: $264,300.00


The lot is rectangular in shape at the end of a cul de sac and
measures a total area of 11,128 square feet or .25 acres. Erected on
the property is a 2,664 sq. ft. single family residence. In addition to
an entrance porch of 120 sq. ft. and cart porch of 432 sq. ft. The
living space is divided into a foyer, living, dining, kitchen, family and
a Bahama room. Three bedrooms, two bathrooms, a powder room
and laundry room.


Lots 26, 27, 37, Block 1
SEABREEZE ESTATES


Appraisal: $638,676.00,


- ...


S ._U


Executive styled house which has been converted into three units.
The first unit features an open plan in the outer area consisting of
living, dining with sunken floor, kitchen, and powder room. The inner
area consists of three bedrooms, three baths including a master
suite and master bath, consisting of a large Jacuzzi, shower and
walk-in closets. The second unit consists of two bedrooms, one
bath, living, dining, kitchen, office area. The third unit consists of an
open plan with kitchen, living, bedroom and a private bedroom.
Added features: Enclosed pool, central air condition, courLyard, and
fenced in patios
Directions to property: Take Prince Charles heading east, turn at the light
at the intersection of Seabreeze and 'Prince Charles Drive. Golf Course
Boulevard, take third corner on the right, Bay Cedar Avenue, then take
second corner on left, Darling Plum Grove, subject will be about the 5th
property on the left.
................... o ............


Lot 21 HIGH VISTA CLOSE
SUBDIVISION


Appraisal: $515,000.00


1' -
..i-.. .4 ~ -


111il


.I~UL.
I K ~U'


The lot has a total area of 9,419. Situated on this property is a two-year-
old triplex apartment building of approximately 3,332 square feet of
enclosed living space.
Unit 1 comprises ground level-entry foyer with stairway alcove, living,
dining and powder room; kitchen, utility room and study. Upper level
comprises stairway alcove corridor, three bedooms, with closets and two
bathrooms.
Units 2 and 3 comprises living and dining areas, kitchen, two bedrooms
with closets, one bathroom and bedroom corridor.

Directions: Take Eastern Road heading east, turn High Vista Drive, turn left
at junction go around bend, turn fourth corner right, turn left, subject will be
about 7th property on the left side painted dark green trimmed white.


mm


MUST SELL


FREEPORT FREEPORAAN;


THE TRIBUNE


AP GE 16B THURSDAY DE 8











INVESTMENT OPPORTUNITY


-REPOR FREEP


*. 3 *.


Lot 23A, Block KN, John Wentworth Avenue, Unit 1
BAHAMIA NORTH SUBDIVISION
FREEPORT GRAND BAHAMA Appraisal: $718,000.00


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 area 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

I .l L jrfB erM..O.. .- I . *. ^.. I f *- --


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ot 14, Block 11
)ERBY SUBDIVISION, FRE


EPORT 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,
S;.,...' living, dining, kitchen. There
are porches at the front and
rear entrances.


ot 4 Block U BAHAMIA SECTION 1
REPORT, 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.


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 7 Block 8 BAHAMIA SECTION IV
FREEPORT, GRAND BAHAMA Appraisal: $799,560.00


Located on the property of 1.08 acres
that has been zoned for multifamily
development are four buildings: A, B,
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
used for parking and about the centre
of the lot) leads from the road and
runs through the middle of the yard
separating 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
kitchen, three bedrooms, two
bathrooms, a laundry area, adequate
storage and closet space.


In.
*]~~~ '


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 the eastern 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.


Apt. 101 FAIRWAY MANOR
FREEPORT GRAND BAHAMA


~q~u ~j


Lot 1, Block 8, SEA HORSE VILLAGE, BAHAMA
REEF YACHT & COUNTRY CLUB SUBDIVISION
FREEPORT GRAND BAHAMA Appraisal: $290,000.00


'g". ,s' i'- ,
,-,-.M "..^ ^ *,- *.


7i r-.. .. " -,.--....

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.


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


Appraisal: $514,000.00


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


CONDOMINIUMS
Appraisal: $62,000.00


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.


THE TRIBUNE


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THE TRIBUNE THURSDAY, DECEMBER 11, 2008, PAGE 19B


OF
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AVAILABLE AT ALL
BURNS HOUSE BEVERAGE DEPOT


AND


BUTLER & SANDS


LOCATIONS


SPECIAL PRICE EXPIRES DECEMBER 31 sl


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THE TRIBUNE


THURSDAY, DECEMBER 11, 2008, PAGE 19B


j7l^. 7.".-./,,^







THE TRIBUNE


PAGE 20B, THURSDAY, DECEMBER 11, 2008


INTERNATIONAL .UINESS I


Treasury bailout spend questioned


* By JIM KUHNHENN
Associated Press Writer

WASHINGTON (AP) A con-
gressional panel reviewing the gov-
ernment's $700 billion rescue package
for the financial sector is questioning
the Bush administration's spending of
bailout funds and challenging its reluc-
tance to use the money to reduce fore-
closures.
In a report being made public
Wednesday, the Congressional Over-
sight Panel for Economic Stabilization
spelled out 10 pointed queries to the
Treasury Department and questioned
whether its shifting remedies consti-
tute a strategic response to the financial
crisis. The review represents the lat-
est critical assessments- of the Trou-
bled Asset Relief Programme, the mas-
sive federal intervention into the
nation's financial system.
The report comes as Democrats,
including President-elect Barack Oba-
ma, insist that instead of simply inject-
ing money into banks, the government
must use the funds to halt rising fore-
closures. Federal Reserve Chairman


Ben Bernanke has predicted that fore-
closures this year will reach about 2.25
million.
"In the macroeconomic sense, fore-
closure reduction is an essential part of
getting us out of the problem we're
in," House Financial Services Com-
mittee Chairman Barney Frank, D-
Mass., said Wednesday. "The refusal so
far to use the money to that purpose
has been I think a violation of the
intent and undermines the ability to
get the votes in this Congress to do
things in the future."
Frank made his comment as he
opened a hearing on the bailout.
The 37-page oversight report offers
no specific conclusions, but the ques-
tions suggest sharp disagreements with
Treasury Secretary Henry Paulson's
stewardship of the programme and
echo some of the criticism raised in a
Government Accountability Office
audit of the programme last week.
"The American people need to
understand Treasury's conception of
the problems in the economy and its
comprehensive strategy to address
those problems," the report said.


The panel's .1
chairwoman,
Elizabeth War- .
ren, a Harvard .
Law School
professor and a
Democratic
appointee to the
oversight group, ..
were testifying :
about the pan-
el's report
Wednesday
before Frank's
committee.
Rep. Jeb
Hensarling of
Texas, the pan-
el's only Repub-
lican, also will
testify, though he declined to sign the
report. He said he had raised several
concerns with the panel over access to
resources and other issues that "have
not yet been addressed."
Also on tap to testify are Gene
Dodaro, the GAO's acting comptroller
general, and Neel Kashkari, director
of the Treasury office that oversees


the bailout programme.
The tough reviews come as the Bush
administration is considering seeking
access to the second half of the $700
billion fund. All but $15 billion of the
first $350 billion has been allocated in
the two months the program has been
in place.
The oversight report noted that
Treasury was considering having mort-
gage giants Fannie Mae and Freddie
Mac guarantee and purchase 30-year
fixed mortgages with rates as low as
4.5 per cent. But the report said the
program was designed only to encour-
age new home buyers.
"The programme does not appear
to offer any help to already distressed
homeowners," the draft said.
Much of thle criticism aimed at Paul-
son centers on his decision to shift the
programme's mission from purchasing
troubled assets from banks and other
financial institutions to infusing capital
into banks by buying stakes in their
equity.
"What is Treasury's strategy?" the
draft report asks. "Is the strategy work-
ing to stabilize the markets?" and "Is


the strategy helping to reduce foreclo-
sures? The draft presses the Treasury
to answer those questions and more.
At one point the report notes that
Congress is demanding that the auto
industry restructure itself in exchange
for $15 billion in bridge loans and chal-
lenges the Treasury to do the same
with banks.
"Has Treasury required banks
receiving aid to: Present a viable busi-
ness plan; replace failed executives
and/or directors; undertake internal
reforms to prevent future crises, to
increase oversight, and to ensure better
accounting and transparency; under-
take any other operational reforms?" it
asks.
Last week, the GAO concluded that
the government must toughen its mon-
itoring of the bailout fund to ensure
that banking institutions limit their top
executives',pay and comply with other
restrictions. The auditors said the Tr6a-
sury Department has no mechanism
in place to track how institutions are
using taxpayer money that the govz
ernment injected into the banking sys:
tem as of last month.


~l


Ftir t Relationship Management Opportunity
Scotia Private Client Group is experiencing major international expansion, establishing centres
throughout Latin America and the Caribbean. As a member of Scotia Private Client Group,
Scotiatrust has been helping families for generations to protect, enhance and transfer their
assets by providing specialized financial expertise. We are looking for an experienced candidate
who will be responsible for providing leadership over a team of Relationship Associates at
Scotiatrust's Bahamas relationship centre.

Your Opportunity: Associate Manager, Relationship Management
* Provide technical and administrative leadership to a team of Relationship Associates
servicing asset holding vehicles such as Private Trusts, Foundations, Insurance, Private
Funds, and Private Investment Companies
Foster a culture committed to service excellence
Be part of a team of experts that identifies and continuously adds value to relationships
involving high net worth individuals, the Family Enterprise Groups controlled by them,
purposes, faith and philanthropic organizations
Deepen beneficiary, beneficial owner and principal relationships serviced by Scotiatrust's
Bahamas relationship centre and their connectivity with the Scotiabank group

. You Have:
* Provided leadership ovpr a relationship team in a fiduciary environment
* Technical knowledge of legal, tax, and regulatory issues associated with wealth structures
and complex documentary issues
A positive "can do" team attitude, and strong interpersonal skills
Willingness to further the personal and professional growth of the members of your team
A commitment to delivering superior quality service
Strong cultural awareness and relevant linguistic skills
Membership in the Society of Trust and Estate Practitioners

Please submit your C.V. via e-mail to
Don Stubbs, Director, Relationship Management
International Wealth Structuring: don.stubbs@scotiatrust.com

Scotiabank is one of the world's strongest financial institutions and Canada's most international
bank. With more than 60,000 employees, Scotiabank Group and its affiliates serve approximately
12.5 million customers in some 50 countries around the world. Scotiabank offers a diverse range
of products and services including personal, commercial, corporate and investment banking. With
$462 billion in assets (as at July 31, 2008), Scotiabank trades on the Toronto (BNS) and New York
Exchanges (BNS). For more information please visit www.scotiabank.com.

Bahamas Barbados Canada Cayman Islands Chile Costa Rica Dominican Republic El Salvador -
Hong Kong Jamaica Mexico Panama Peru Trinidad & Tobago Turks & Caicos USA




INDIVIDUALITY. WELL PL-.

Trademark of The Bank of Nova Scotia, used under licence. International wealth structuring services are provided by The
Bank of Nova Scotia Trust Company (Bahamas) Limited, Scotiabank & Trust (Cayman) Limited, and Scotiatrust (Asia) Ltd., all
wholly-owned subsidiaries of The Bank of Nova Scotia. (11/08)


*.
I: ~w~-


British American Financial










HOLIDAY HOURS
Friday, December 19th, 2008
Annual Staff Christmas Party
All offices will cose at 3:00 p.m.
Wednesday, December 24th, 2008
Christmas Eve
All offices will close at 1:00 p.m.
Thursday, December 25th, 2008
Christmas Day
CLOSED
Friday, December 2 th, 2008
Boxing Day
CLOSED
\Wednesday, December 31 st, 2008
New Year's Eve
All offices will close at 3:00 p.m.
Thursday, January 1 st, 2009
New Year's Day
CLOSED
Friday, January 2nd, 2009
CLOSED
Monday, January 5th, 2009
All offices will reopen


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