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Permanent Link: http://ufdc.ufl.edu/UF00084249/01448
 Material Information
Title: The Tribune
Uniform Title: Tribune (Nassau, Bahamas)
Portion of title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Place of Publication: Nassau, Bahamas
Publication Date: November 5, 2009
Frequency: daily, except sunday
daily
normalized irregular
 Subjects
Genre: newspaper   ( marcgt )
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: UF00084249:01448

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THURSDAY, NOVEMBER 5, 2009


CO I











Bahamian attorney facing

money-laundering charges

negotiates over family visits


By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
THE American attorney for
embattled Bahamian lawyer
Sidney Cambridge is trying to
get US authorities to promise
that her client will still be free
to travel to The Bahamas to
see his family if he goes to the
states to face money-launder-
ing charges brought against
him.
According to Lily Ann
Sanchez, she is negotiating
with US prosecutors to get a
bond agreement for Cam-
bridge that would allow him
to fly between South Florida
and The Bahamas where his
wife and family live.
"Mr Cambridge believes he
did not do anything illegal
whatsoever and he went for-
ward all within the laws of the
Bahamas and these are very
unfortunate US charges,"
Sanchez said.
These negotiations may be
the reason why no extradition
request has yet been made for
Mr Cambridge by US author-
ities - a fact confirmed yester-
day by the Attorney Gener-


bfli....,
-,,
-' -r


al's Office and the Ministry of
Foreign Affairs in The
Bahamas.
It comes as the Bahamian
attorney was formally indicted
by a federal grand jury on
Tuesday on charges that he
was involved in a $900,000
money-laundering scheme
with a Florida politician, Jose-
phus Eggelletion.
Mr Cambridge, who is cur-
rently in The Bahamas, was
not present in court and a war-
SEE page 11


By TANEKA
THOMPSON
Tribune Staff
Reporter
tthompson@
tribunemedia.net
MINISTER of Educa-
tion Carl Bethel was
elected chairman of the
FNM after being nomi-
nated unopposed by
Prime Minister Hubert
Ingraham in a shocking
turn of events at the par-
ty's convention yester-
day.
Mr Ingraham
informed the cheering
delegates that immedi-
ate past chairman John-
ley Ferguson would not
be offering himself for
re-election before he
nominated Mr Bethel for
the post.
"It is my duty to
inform you that the
chairman of the party
SEE page 10


Bethel to step down as
Minister of Education


By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
NEWLY elected FNM
Chairman Carl Bethel will
step down as Minister of
Education in the coming
weeks in order to concen-
trate on his new responsibil-
ities, he confirmed yester-
day.
He remained mum on the
identity of the person who
will replace him after Prime
Minister Hubert Ingraham
shuffles his Cabinet.
PLP Chairman Bradley
Roberts issued a scathing
statement on Mr Bethel's
impending resignation yes-
terday, thanking Mr Ingra-
ham for "relieving the
Bahamian people of inepti-
tude and poor leadership at
the Ministry of Education."
Political observers specu-


lated that Mr Bethel was
selected as chairman in
order to match wits with Mr
Roberts, who was elected at
the PLP's convention last
month. Mr Bethel brushed
off this assertion.
"I deny that that was the
reason," Mr Bethel laughed.
"Obviously all jokes aside,
we are now more than
halfway through our term,
the party is faced with the
challenge now of beginning
to prepare itself for the next
general election."
Until the next general
election, Mr Bethel said his
prime focus will be ensuring
that the proper groundwork
is in place to ensure the par-
ty's victory. When, or if this
is accomplished, he hopes to
return to Cabinet, he said.
"The prime minister and I
SEE page 10


Beryl Hanna,
wife of the

Governor

General,

dies age 77
HEARTFELT con-
dolences poured in yes-
terday from the prime
minister and members
of the PLP at the news
of the death of Beryl
Hanna, wife of Gover-
nor General Arthur D
Hanna yesterday. She
was 77.
Prime Minister
Hubert Ingraham said
that although Mrs Han-
na was born in Britain,
she fully embraced and
came to love her adopt-
ed country and its peo-
ple and was an excel-
lent example of
Bahamian citizenship.
"Mrs Hanna came to
The Bahamas with her
husband back in the 50s
and right up until the
time of her illness par-
ticipated wholehearted-
ly in the life of our
nation. Mrs Hanna sup-
ported her husband and
his colleagues in their
early struggle for major-
ity rule and was herself
on the frontline in that
struggle.
"Along with other
outstanding Bahamian
women, she took to the
streets in placard
SEE page six

Turnquest: PLP
all talk and no
action on capital
punishment
MINISTER of National
Security Tommy Turnquest hit
out at the PLP last night claim-
ing the party is "all talk and no
action" on capital punishment.
In his speech to the FNM
convention at the Wyndham
Nassau Resort, Mr Turnquest
said PLP leader Perry Christie
"ranted" about being in
favour of capital punishment.
"His zeal naturally sent me
back to the records to see
what they had done about
capital punishment during
their five-year administration.
The record shows that they
did nothing. All talk, no
action.
"He also made statements
about changing the Constitu-
tion to deal with the issue of
bail in capital cases. Happily,
the memory of Bahamians is
not as short as some would
wish. He did nothing about
this on his watch."
Highlighting anti-crime
SEE page 10


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PAGE 2, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


LOCAL NEWS I


I P M I fnF1if;]iIi ha ii' atFN ]nvnion I


Immigration minister


issues stern warning


MINISTER of
State for Immigration
Branville McCartney
used the FNM con- -
vention podium last
night to issue a stern
warning to Bahami- ,
ans who employ for-
eigners without prop-
er authorisation.
Speaking on the
first night of the con- McCI
vention, McCartney
delivered a fiery speech in
which he defended the gov-
ernment's record on immigra-
tion and put those who break
immigration laws on notice.
"We are bringing those who
seek to profit from violating
our immigration laws before
our courts to answer charges,"
he told the audience.
The minister acknowledged
the hardships faced by many
of those who risk their lives
for better opportunities here,
but said the Bahamas cannot
sustain the current rate of ille-
gal immigration - especially
in such difficult economic
times.
He said the government is
determined to protect
Bahamian workers and pro-
fessionals from "unfair com-
petition" and is therefore
refusing work permits to those
who enter the country as visi-
tors, or who have entered ille-
gally.
He added: "Those who hire
non-Bahamian professionals
without the proper authorisa-
tion should be on notice that
this FNM government is step-
ping up its measures to put an
end to such practices."
According to Mr McCart-
ney, the time has come when
the Bahamas must "make a
choice" about its identity and
the legacy it leaves for future
generations.
"We do not have the luxury
of sitting idly by as world
events shift the climate around
us and threaten to sweep us
away in a global tide," he said.
The minister noted that
immigrants from around the
region and beyond have

EMT % 1 I:V'1 T P"_N


played an important
role in the develop-
ment of the Bahamas,
c contributing to edu-
cation, enriching cul-
ture, and broadening
S the economy.
yr He said: "Like our
great neighbour to
the north, the
strength of our econ-
TNEY omy has made our
country a Mecca for
people escaping less fortunate
circumstances in other coun-
tries, both near and far.
"Many risk their lives in
search of a share in the
promise which our country
represents; a promise of pros-
perity and stability; a promise
of peace and of acceptance by
a people who have accepted
and assimilated generations of
immigrants."
Mr McCartney said that
while the government wel-
comes immigrants who con-
tribute to the expansion of the
economy, many who seek to
enter today are "poorly
equipped to assist in our fur-
ther development" - often
needing a great deal from the
Bahamas in terms of health
care, education and training.
"The cost is becoming exor-
bitant in terms of our limited
financial resources. In tough
economic times the burden is
heavier. We no longer have
the capacity to assimilate the
ever-increasing numbers of
illegal immigrants," he said,
noting that this year alone,
more than 4,000 illegal immi-
grants have been repatriated
after being apprehended in
the country, at a cost of $1
million.
Mr McCartney went on to
speak about the "ugly under-
side" of illegal immigration -
noting that many illegals are
involved with cartels which
run the regional drug and gun
trades, while others are
involved in human smuggling
connected to the sex trade.
He said: "These cartels deal
with human life as if people
are disposable livestock, strap-
ping dangerous drugs or con-
cealing small arms on vulner-
able people, with the promise
of free passage to a better life.
Many never make it.
"We will never know the
number of people that have
met their demise attempting
to make that passage. It is a
cruel irony that some of the


Steps to combat
illegal immigration
During its current term
in office, Minister McCart-
ney told last night's con-
vention, the FNM has tak-
en a number of steps to
combat illegal immigra-
tion, including:
* Reorganising and
bringing order to the
department
* Ensuring the enforce-
ment of immigration laws
and regulations without
fear or favour
* Systematically reduc-
ing the number of illegal
immigrants by sustained
regular and routine arrest,
detention and repatriation
exercises
* Improving revenue
collection measures in the
financial planning unit of
the Department of Immi-
gration.
He said the government
is also recruiting more
immigration officers,
working to regularise the
status of long-term resi-
dents and the registration
of children born abroad to
Bahamian women married
to foreigners, processing
work permits more effi-
ciently, and moving
toward the issuance of
anti-fraud tamper resistant
immigration documents.

descendants of slaves who 300
years ago endured and sur-
vived the horrors of the Mid-
dle Passage between Africa
and the Caribbean, today
meet their end in waterlogged
tombs like so many Africans
did during the slave trade.
Noting that the majority of
illegal immigrants come from
Haiti, Mr McCartney said he
believes it is important to
"hold no malice or prejudice"
against the people of this
country - "Indeed, we might
rightly admire the Haitian
people who have fought gal-
lantly for centuries to control
their destiny, a people who
were free when many of our
ancestors were still enslaved.
"The Haitian people are
our brothers and sisters. Our
destinies have been linked by
proximity, by trade, by family
and by friendship," he said.


Congratulations to the


2009 Teachers'
Hall Of Fame Inductees


Mrs. Edith Toote, Queer College
Mrs. Kadian Hanson-Wells, Queern College
Mr. Gregory Deane Queen's Colege
Mr. Alan Pinto CR Watker Srigh School
Mrs. Candace Key, Hope Town Pdmry,Abaco
Mrs. eulessa Lundy-Major, CentralAbaco Primary Schoo, Abaco
Mrs. Devl Jagroo, Famer Coy A Age Schoo. Exuma
Mr. John Bernard, Lovey Boy Prianory Schoof, Acktns


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7Th


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 3


PRAYER BREAKFAST


We are


economic woe


to overcome



s - Ingraham


PM says government is prepared for tough choices


DURING a time when the country is
marred with escalating violence and a troubled
economy the FNM stands ready to overcome
these challenges, Prime Minister Hubert Ingra-
ham said yesterday morning.
At a prayer breakfast held to mark the start
of the party's convention, Mr Ingraham said
the government is prepared to make the dif-
ficult choices that are necessary to emerge
from the current economic turbulence and
fulfil its mandate to the Bahamian people.
Said Mr Ingraham: "We meet at a time of
tremendous economic hardship for many in
our country and around the world. The glob-
al economic crisis has become very personal to
nearly all of us. The fallout from economic
failures in the developed world has meant
decreased tourists arrivals and hence
decreased tourism expenditures in our econ-
omy. This has dramatically reduced econom-
ic activity, business failures, increased numbers
of unemployed persons and financial hard-
ship for many persons. Yes, many of our peo-
ple are hurting for these are tough times for
many.

Violence
"We meet at a time when violence contin-
ues to mar the lives of far too many of our
people, particularly our young people."
He said government continues to assist the
needy through bolstered national assistance
programmes, job creation, BEC's electricity
relief programme, the unemployment benefit
and recently enacted legislation that would
make it easier for persons with chronic dis-
eases to access prescription drugs.
"Assistance has been planned and is being
delivered on many fronts - through a $12
million increase in Government's assistance
programmes managed through the Depart-
ment of Social Services, through BEC's elec-
tricity relief programme, through jobs cre-
URBAN RENEWAL PROGRAMME


ation initiatives, through the introduction of
the unemployment benefit scheme and
through the enactment of legislation for the
introduction of the Prescription Drug Pro-
gramme. Through these programmes and ini-
tiatives we seek to live out God's admonition
to us to feed the hungry, clothe the naked
and care for the orphaned."
He added that government is unfazed by
detractors who may take delight in seeing the
party fail throughout these trying economic
and social conditions.
"We are not discouraged by ill will toward
us. We stand firm and ready to face and over-
come the challenges, to make difficult deci-
sions and to provide the leadership so seri-
ously necessary in tough economic times,"
said Mr Ingraham, during the prayer breakfast
held at the Wyndham hotel yesterday.
The FNM's convention continues until Fri-
day; a celebratory banquet is scheduled for
Saturday night at the Wyndham hotel.


Roberts slams Turnquest over crime comments


PLP Chairman Bradley
Roberts slammed National
Security Minister Tommy Turn-
quest on his comments sug-
gesting that there was no empir-
ical evidence that the Urban
Renewal initiative put in place
by the former PLP government
had any direct impact on crime
reduction.
"This statement is totally
untrue," Mr Roberts said.
On Tuesday, November 3,
Mr Turnquest was the featured
guest on a ZNS programme
when the remarks were made.
"The Urban Renewal Pro-
gramme had such a profound
impact on the Bahamian com-
munity in terms of reducing
crime, anti-social behaviour,
and social decay, that the Min-
istry of Education made it part
of its examining syllabus for the
BJC and the BGCSE. Repre-
sentatives from countries in the
region and abroad came to the
Bahamas to witness firsthand
the programme and its effects.
"The Urban Renewal Pro-
gramme won the International
Association of Chiefs of Police
Award in 2004, 2005 and in
2006. The Programme was also
awarded the coveted commu-
nity policing award of the Asso-
ciation of Caribbean Commis-
sioners of Police. In order to
attain these awards, the Royal
Bahamas Police Force had to
unequivocally and demonstra-
bly prove that the Programme
was an effective initiative in
reducing crime. Comprehen-
sive documents containing both
qualitative and quantitative
data had to be produced and
scrutinized by a panel of judges
representing countries around
the world," Mr Roberts said.
Additionally, the PLP chair-
man said that statistics show
that in each year of the pro-
gramme, crime was reduced in
the programme areas as well as
nationally.
"For instance, a major con-
cern remains the number of


UROPI"AL
EXTERMi ; ,,INAT: ORS


homicides that are committed
in the Bahamas, most of which
occur in the 'over the hill' urban
areas. The overall homicide
count between 2002 and 2006
(ie the five year Urban Renew-
al period) totalled 258 incidents.
Since the dismantling of the
programme in 2007, the num-
ber of homicides for the period
between 2007 to current (three
year period) is two 223 inci-
dents.
"In essence, whereas the
Bahamas experienced 52 homi-
cides per year, that figure has
now drastically increased by 29
per cent to an average of 74
murders per year.
"Further, if one were to con-
duct a case study, the evidence
will show that a number of
young men whose lives were
impacted by urban renewal
inasmuch that they were being
moulded into productive citi-
zens have now turned to a life
of crime and anti-social behav-
iour. As a matter of fact, sever-
al have been killed," he said.
The chairman added that not
only does empirical evidence
exist to prove that Urban
Renewal was truly an effective
programme but this evidence
has been placed in public
libraries for all to consume.
"It was documented in the
form of the Annual Report of


the Urban Renewal Pro-
gramme from the perspective
of the Royal Bahamas Police
Force. What does not exist is
any empirical evidence from
2007 to the current of the true
extent of crime and how it is
being addressed by the Min-
istry of National Security and
the Royal Bahamas Police
Force as no Annual Report has
been produced for public con-
sumption from 2007 to the cur-
rent period." Mr Roberts said.


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Th,: 10/l011 ing u ', .cl'/, II .I . n 1ni-
nhid 0' ;:.1 II h 1 A '. pal F'o pos
a 1th. Fl/i I con- . n/l oiln t i. '-I
/&.": ns t~1 l t(A . pa/a: o"n Fi 'lli a,

Leader Hi.ieril Inrqrjh- m .ir.; re-
ele:cled jllier tiieina nriiirn3led ui.in p-
p,:,ed I v Mni r|:ler i ;l [Jiiinr l 'E.e,:.-
ri, T m m , Ti.irrnii.i:e i rind , ecir,:, d-
ed Rb I .I' MF rr i;jrden Hill' Brenr ill
F::;olle
Deputy Leader Breni 'S., minele
v\; a re-elec:led ller tiena rinoiirial-
ed i.runppo.red tv Mmrlniier c-i Edi.:a-
tirin LCrl .elihel and ec:o'rided bt
F'..: hrd -.riimmrin,
Chairman Carl .elhel ':ja~ ele.:-
ed aller beina rinoirinied uinop-
p:c ed t I:'Friie R/inricler Hi.itieri
Ir.qrah:n' Irin .iiritieni Lhairimar
J,:,hnle: I:erai.ro:,n C.-e,,nded Ih
ri:,i'ri i:, rn llier r .In.rrhr d ire
anrir:i.irn:ed Ihal M r Fierqi. r:in ':.ld
r i| bte :llerinr hi rell i:i r re-ele,:-
ti':n I Ihe :olli.:e
Deputy Chairman i2 p,-" ro i
D[ .',d V ll,: e':-'.rjior Anih-nr,v
Ml i. ,arc,'.e :nd ilii:hael li.irnr i.i' I
v;jill tbe i Ihe ri.inniQ cn Frid:,v lir
the I'.. po il crin :.enri ,li.'r J.ji:rlj
H ,:laa ' declined i ni:norinalii':
Vice Chairman i'5 posts' Senator
J ,cj ni: Hiaqq I an'io ini,' ied b,' :'.eri3-
tir i nr.'n Fiiill e I Mi '.'r- J. li-hrrn :in
Collie i nriiiiinjed tv MI:' lc-r Mcr-n-
tag',.L L ,'relli Buller Turner i Mijr-
girel . I rr, hn .'cin -.erleni FI:iille Vin-
ceni F'inn-oc: / Frni,: 'i- t.'er ti: lin
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PAGE 4, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


EDITO RIA U LETTER S TO THE EDITOR6I


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, PO. Box N-3207, Nassau, Bahamas
Insurance Management Building., PO. F-485, Freeport, Grand Bahama

WEBSITE
www.tribune242.com - updated daily at 2pm


For Clinton, tough
CAIRO (AP) - Secretary of State Hillary
Rodham Clinton's tense exchanges with Pak-
istani civilians and Arab diplomats over a har-
rowing week of foreign stops exposed the con-
fining limits of her office.
On her most ambitious and contentious over-
seas trip as secretary of state, Clinton had to
resort to damage control after she appeared to
mangle the Obama administration's message
on frozen Mideast peace talks.
And while she scored points back home by
standing up to angry Pakistanis who confront-
ed her about drone-launched U.S. missile
strikes, her blunt questioning of the resolve of
Pakistan's government exposed American
impatience with the country's incremental steps
against terrorists.
In each case her extraordinarily public
approach to diplomacy - for better or worse
- reflected not only her personal style but
also President Barack Obama's promise to
reach out openly to friend as well as foe.
What remains less clear is whether Clinton's
hot-button politician's persona works any bet-
ter at producing international results - let
alone clarity - than a more classic diplomat's
cooler tact. There were no breakthroughs, and
it's too early to know how her public and
behind-the-scenes performances in Pakistan,
Abu Dhabi, Israel, Morocco and Egypt will
play out. But Clinton emphatically followed
through on a pledge she made last month when
she said the time had come for the U.S. gov-
ernment to communicate more aggressively
abroad and challenge U.S. critics on their own
turf. From here on, she said then, "we're going
to be in the mix and we're going to be in the
mix every day."
It is a boldly political take on taking on the
world, and Clinton is relying on some of her old
campaign trail tricks and moxie to press Amer-
ica's case. In Pakistan, she aggressively sold
the administration's stance against al-Qaida
during several crowded "town hall" public
forums that had been her stock-in-trade during
the 2008 presidential primary run against Oba-
ma. But despite finding some success in Africa
and Asia earlier this year communicating Clin-
tonian warmth with foreign audiences, Lahore
was not Portsmouth, N.H.
And a brash in-your-face style that won vot-
ers' hearts and minds in the U.S. may have
come off as confrontational to skeptical Pak-
istan civilians who responded in kind.
In Lahore, Clinton certainly won domestic
consumption brownie points by saying what
many Americans have complained about for
years - that Pakistan's government had done
little to root out al-Qaida's upper echelon.
"Al-Qaida has had safe haven in Pakistan
since 2002," she said bluntly. "I find it hard to
believe that nobody in your government knows
where they are and couldn't get them if they
really wanted to. And maybe that's the case.
Maybe they're not getable. I don't know."
Pakistan's leaders were not pleased - wait-
ing until Clinton departed to slap back. But
even when she had a second chance to scale


talk but few results
back her remarks, Clinton softened them only
by a hair. She also dinged Pakistan's leaders for
diminishing their standing in Washington by
complaining about tough new conditions set by
Congress for providing billions in new aid.
"For the United States Congress to pass a bill
unanimously, saying that we want to give $7.5
billion to Pakistan in a time of global recession
when we have a 10 percent unemployment
rate, and then for Pakistani press and others to
say, 'We don't want that,' that's insulting," she
said. That wasn't what the Pakistani govern-
ment wanted to hear, but it seemed to reflect
Clinton's determination to show the Pakistanis
that they can complain about U.S. counterter-
rorism tactics and about strings attached to
U.S. aid - but not without hearing the admin-
istration's own concerns.
Clinton's toughened public stance was less in
evidence, though, when she turned to the
stymied Mideast peace process. Instead of
bluntness, she struggled repeatedly to cater to
both Israeli and Arab concerns, making no
headway in getting either side to move closer.
In Jerusalem, trying to mollify Israeli reluc-
tance to agree to halt all future settlements as
a pretext to renewed peace talks with Pales-
tinians, Clinton floated an Israeli proposal that
would restrain - but not stop - more West
Bank housing.
Palestinian and Arab diplomats reacted with
outrage, and the Clinton who had been tough
in Pakistan was forced to backpedal. Arab offi-
cials questioned whether the U.S. had tilted
toward Israel and abandoned its position that
continued Israel settlements are illegitimate
and must be brought to a full stop.
Clinton's comments reflected a realization
within the Obama administration that conser-
vative Israeli Prime Minister Benjamin
Netanyahu's government will not accept a full-
on settlement freeze and that a partial halt
might be the best lesser option. Her appeal
seemed designed to make the Israeli position
more palatable to the Palestinians and Arab
states. Clinton had traveled to the region reluc-
tantly, concerned her visit might be perceived
as a failure without clear results, according to
several U.S. officials.
She agreed to meet Israeli and Palestinian
leaders after pressure from the White House,
according to the officials, who spoke on con-
dition of anonymity to discuss internal admin-
istration thinking.
In Marrakesh, Morocco, two days after her
controversial comments in Jerusalem, Clinton
issued what she called a clarification. But she
was dogged by questions about the settlements
issue for the rest of her time abroad.
Asked Wednesday before departing for
Washington what she believed she had accom-
plished, Clinton focused on the depth of the
challenges she faced, not on what the trip deliv-
ered - or failed to deliver.
This article is by Robert Burns, who has
been covering national security and military
affairs for The Associated Press since 1990.


Myrtle Hanna




- a marvellous




Bahamian lady


EDITOR, The Tribune.

I was just informed of the
death of Nurse Myrtle Han-
na, and thought it only right
to pay tribute to this mar-
velous Bahamian lady.
She has touched so many
lives, both in the Bahamas
and abroad during her long
and caring life, that is only
right that the work she has
done should be long remem-
bered and she should serve
as an example of a true
Christian. And so I offer
now this tribute to that great
lady.
I first encountered Nurse
Hanna when she applied for
a job as a practical nurse at
the Hardecker Children's
Clinic in 1965. We had just
started up the Clinic on
Deveaux Street a few
months before, but it was
enlarging quickly and we
needed to expand the per-
sonnel.
Nurse Hanna had worked
for a private practitioner
after her training at the Hos-
pital (I believe it was still
The Bahamas General Hos-
pital at that time), but was
interested in working with
the children.
At first, Nurse Hanna,
reflected her training: She
made no decisions on her
own, but faithfully followed
doctor's orders, and did the
initial admitting procedures.
These included taking the
children's temperatures,
weighing and measuring
them, but expanded into
taking blood pressure and


pulse readings in both their
arms and legs. Her knowl-
edge and expertise were
soon evident, but she need-
ed convincing of her own
ability to recognize signs and
symptoms of disease and to
communicate that knowl-
edge. Her familiarity with
many of the families was of
great help in assessing their
concerns for the children. It
took a while before she
would go beyond the door
of the admitting room, to
the treatment room, to the
pharmacy, the lab, and final-
ly the doctor's room.
It wasn't long before we
recognized the great source
of information Nurse Hanna
provided.
Her fabulous memory and
her wide range of acquain-
tances helped to provide
many a medical history that
both parents and children
had forgotten. She could
point out relationships that
even the parents of the chil-
dren were unaware of, mak-
ing a medical history that
much more accurate.
Nurse Hanna was fre-
quently seen as a daunting
figure and commanded obe-
dience with her grim expres-
sion - which rapidly dis-
solved into an enchanting
grin. She was intolerant of
abuse by either children or
adults, but a true nurse in


her sympathy with the ill,
the painful, the worried and
the bereaved.
She also proved to be an
excellent teacher to the hun-
dreds of medical students
who came to the clinic.
Although well versed in
medical knowledge, these
students learned from her
the "how" of medicine -
how to translate medical
knowledge into action -
how to take a history, how
to communicate with par-
ents and with children, how
to put them at ease. She has
been long remembered by
"her" students, who have
passed on the practical
lessons she taught them.
In her later years, after
leaving the Clinic, Nurse
Hanna continued to practise
nursing.
She devoted her efforts
into caring for the elderly.
(She never quite put herself
in that category!)
She could frequently be
found travelling around
Grants Town on her mission
of visiting the sick.
I felt it was only right that
this very great, unassuming
Christian lady should
receive the accolade that she
has long deserved and the
memory of her great contri-
bution to the Bahamas be
acknowledged.

DR. JULIE
WERSHING,
Former Paediatrician of
The Hardecker Children's
Clinic,
November 3, 2009.


EDITOR, The Tribune.

On October 17, the Rotary Club of Aba-
co presented three Paul Harris Awards to
three deserving persons: St. Michael Malone,
Mother Merle Williams and Mr. Davis
Ralph.
All three of the honourees made their
mark in our community, and the award giv-
en to these remarkable individuals is very
good and commendable of our Rotary Club.
As you know, there were many others in
the past, and there will be many others in the
future who have yet to receive such an out-
standing award.
I say good job to the Rotary Club of Aba-
co of which I am one of the founding mem-
bers, and I am proud to be just that.
I love the Rotary four-way test:


Is it the truth?
Is it fair to all concerned?
Will it build goodwill?
Will it be beneficial to all concerned?
At this point, let me be the first to say -
congratulations to the recipients of the Paul
Harris Award.
Please continue your work of service
above self particularly to the two who are
still with us. God bless St. Michael, who has
completed his assignment, and I am sure
the good Lord said to him, "Well done, thy
good and faithful servant." St. Michael was
full of love for his fellow man. May his soul
rest in peace.

JOSEPH SAWYER
Abaco,
October, 2009.


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7Th


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 5


* CALNEWS


COLLEGE OF THE BAHAMAS


COB faculty have clear path



to strike vote, says Foulkes


Minister still encouraging staff and management to continue talks


College of the Bahamas
faculty have a clear path to
conducting a strike vote if
they wish to do so, Minister
of Labour Dion Foulkes
confirmed.
He told The Tribune that
while he is encouraging the
college's staff and manage-
ment to continue discus-
sions, the Union of Tertiary
Educators of the Bahamas
(UTEB) has gone through
all the appropriate steps -
including filing a trade dis-
pute and taking part in sev-
eral conciliation meetings -
and is entitled to hold such a
vote on behalf of its mem-
bers.
Mr Foulkes said that once
UTEB decides on a venue
and date, the Department
of Labour will oversee the
exercise.
"I have met with both
sides and the director was
meeting with both sides to
see if he could reach com-
mon ground on issues.
"This is a matter of nego-
tiation, this is a matter for
both parties to come to an
agreement; I can't force
them to agree," the minis-
ter said.
However, Director of
Labour Harcourt Brown
said that while he admits
talks could have progressed
better, he would not char-
acterise the conciliation
process as "at a stand-still"
and believes there is "still
room for parties to amica-
bly resolve their differ-
ences."
This comes after 40 mem-
bers of the union, which rep-
resents more than 200 staff,
handed a letter calling for a
strike vote to Mr Foulkes on
Tuesday, saying they are
angry that the college has
allegedly failed to negotiate
in "good faith" over their
working conditions.
Meanwhile, COB's man-
agement issued a statement
yesterday saying the college
is committed to concluding
negotiations with UTEB on
"a new collective agreement
to the satisfaction of both
parties in a timely and con-
scientious manner."


pfl -0


It said: "Our responsibili-
ty is to meet the overall well-
being of the college and to
set the stage for building a
high quality Bahamian uni-
versity for years to come.

Confident
"The college is confident
that an agreement will be
reached and this will be
done at the negotiating
table.
"It is not the policy of the
college to negotiate outside
of the established negotiat-
ing process."
The group of professors,
librarians, counsellors and
other UTEB members who
delivered the letter, showed
up in force outside the
Churchill Building at around
10am on Wednesday to
greet labour minister Dion
Foulkes.
Wearing orange
"UTEB"-emblazoned t-
shirts and singing songs of
"solidarity", the educators
and other key staff said they
have had enough of what
they for months termed a
"dictatorial" approach to
negotiations over their new
industrial agreement on the
part of their employer, the
college. Their previous


SI have met
-with both
sides and
the director was
meeting with
both sides to see
if he could reach
common ground
on issues. This is
a matter of nego-
tiation, this is a
matter for both
parties to come to
an agreement; I
can't force them
to agree."
DionFule


agreement expired in June
2008.
Staff members such as
Llewellyn Curling, a profes-
sor in the college's school of
technology, described the
conditions that COB is seek-
ing to put into the staff's
new agreement as "regres-
sive" - removing benefits
that they previously enjoyed.
With the two sides failing
to come together, only one
clause - union dues - has
so far been agreed upon
during the 10-month talks
out of a total of around 100
expected to be hammered
out, according to the educa-
tor.
Some staff suggested that
if the college changes work-
ing conditions as proposed,
progress towards university
status would be set back as
staff's professional develop-
ment would be hindered,
while their living standards
would be placed at risk
through reduced job securi-
ty.
Catharine Archer, a
librarian, claimed she is con-
cerned that under the terms
proposed by the college,
research leave and grants
presently available to peo-
ple like her will be no more.


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PAGE 6, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


Beryl Hanna, wife


of the Governor


General, dies age


77


FROM page one

demonstrations for democrat-
ic reform, including women's
right to vote. Mrs Hanna will
be sorely missed by Bahami-
ans of all walks of life and of
all political persuasions who
came to know her and to
develop genuine affection for
her. She had a special affinity


for the poor and downtrod-
den of our society.
"My colleagues and I join
with Bahamians everywhere
in expressing sincere condo-
lences to His Excellency the
Governor General, to their
daughters Glenys and Dawn,
their sons Dion and Mark, and
the entire Hanna family," Mr
Ingraham said.
Calling her an "icon" in the


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Dr. Richard Stratton, President of Clearwater
Christian College, Clearwater, Florida,
will be visiting the Bahamas in late
November 2009. A reunion of all
Bahamian CCC alumni will be held at
7:30 pm on Saturday, November 28th in
Nassau. If you are able to attend,
please contact Priscilla Cartwright
immediately by telephone at
Logos Bookstore: 394-7040
or email: pullcart@coralwave.com.


Bahamian struggle to Inde-
pendence, PLP Chairman
Bradley Roberts said that Mrs
Hanna was present at her hus-
band's side through every
major event in the birth of the
modern Bahamas.
"Beryl Hanna came to her
adopted country at her hus-
band's side following their
time together at university.
The Bahamas they arrived in
the 1950s was full of prejudice
and lost opportunities for the
majority of its people. This
couple joined the struggle as
members of the Progressive
Liberal Party.
"Mrs Hanna was a natural
as if she had lived here all her
life. She fit right in. Together
she worked, they demonstrat-
ed. She helped to change the
country. Beryl Hanna was
there at every major event in
the life of our modern political
struggle: There when women
fought for the vote; there
when women voted for the
first time; there for Black
Tuesday in 1965; there for
Majority Rule in 1967; there
for the struggle against
apartheid in South Africa;
there as the consort to the
Governor General in the win-
ter of her life and in the face
of very difficult physical cir-
cumstances," he said.
Being personally thanked
by the former President of
South Africa Nelson Mandela
himself, Mrs Hanna worked
tirelessly in the anti-apartheid
struggle in the Bahamas. Mr
Roberts said that when the
next chapter of Bahamian his-
tory is written, Beryl Hanna's
name is sure to be "all over
it" - recorded and remem-
bered with affection, and
pride.
"We owe a great debt of
gratitude to this quiet, but
determined woman, for her
loyalty, for her faith for her
struggle to create the modern
Bahamas and for helping to


ABOVE: Mrs Beryl Hanna reading
a proclamation by then Prime
Minister Sir Lynden Pindling
declaring Universal Children's
Day in November, 1979.
RIGHT: Paula Darcy shows
Beryl Hanna round the Centre
for the Deaf in November,
1979.
build our party. May her soul
rest in peace. We extend con-
dolences to Mr Hanna, Glenys
Hanna Martin MP and the
entire family on this sad pass-
ing."
Echoing these sentiments,
Fox Hill MP Fred Mitchell
said in the country's loss of
Mrs Hanna he has also lost
his closet friend in politics.
"I grew up calling her Aunt
Beryl, a sign of the closeness
of my late mother to her hus-
band Arthur, our Governor
General, who lived with my
grandmother Gwendolyn dur-
ing his years in high school.
She was a trooper, a real
advocate for the rights of
Bahamians and people every-
where to equality justice and
fair play. We were kindred
spirits.
"My favourite recollection
of her is that iconic photo in
the newspaper of herself,
Dame Marguerite Pindling
and the late Daphne Wallace
Whitfield with the placards
supporting the demonstration
on Black Tuesday in April
1965 following the PLP's then
leader Lynden Pindling throw-
ing the Speaker's mace out of


the window of the House.
"But our closeness grew
when she agreed to join the
Bahamas Committee on
Southern Africa on which I
served as its Vice President
and she as its Honorary Chair.
It was the main anti-apartheid
organisation in the Bahamas.
It was my proud honour to
personally obtain and deliver
to her a letter of thanks from
Nelson Mandela for her work
in the struggle," he said.
Even the PLP's Women's
Branch remembered her as a
woman who fought for the
rights of other women, the
down-trodden, the disadvan-
taged, and anyone who was
being discriminated against in
the Bahamas or elsewhere.
"Although she was not born
in the Bahamas it is safe to
say that there were not many
individuals more patriotic and


loving of this country than
Beryl Hanna. She stood up for
the rights of all Bahamians
when many others living in
this country were afraid to. In
doing so, she assisted in creat-
ing the modern Bahamas as
we know it today.
"We know that a suitable
memorial tribute is in order,
to celebrate the life and con-
tribution of our dear sister,
and we offer our assistance in
the execution of a suitable
memento.
"Condolences are extend-
ed to the family of our
beloved Governor General,
the Honourable Arthur D
Hanna, including our sister
and former Chairman both of
the Women's Branch and the
PLP Glenys Hanna-Martin,
Deon Hanna, the grand-chil-
dren and the extended fami-
ly."


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November 10 3601-4200 December 4 9501-10000

November 11 4201-4500 December 7 10001-10500

November 12 4501-4800 December 8 10501-11300

November 13 4801-5100 December 9 11301-12100

November 16 5101-5400 December 10 12101-13000

November 17 5401-5700 December 11 13001-14000

November 18 5701-6000 December 14 14001-15000

November 19 6001-6300 December 15 15001-16000

November 20 6301-6600 December 16 16001-17000

November 23 6601-6900 December 17 17001-18500

November 24 6901-7200 December 18 18501 on

November 25 7201-7500






+


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 7


Public have their say

Al* -o oUd


Ull An lotlb Uall

unsupervised youth


THE TRIBUNE hit the streets yesterday
to find out how the public feels about the
Atlantis' new ban on unsupervised youth
in Marina Village following the shooting of
two security guards there over the week-
end.

Beth, 48, Ministry of Health
"When it comes to tourists and the coun-
trymen, then so be it."
Melanie, Baillou Hill
"I don't think that unsupervised children
should be allowed anywhere."
C
"They don't have the right to ban any-
one from anywhere - this isn't commu-
nism. We don't live in a communist coun-
try."
Sean Smith, Killarney
"I think they shouldn't be there unsuper-
vised."
Mr McPhee, Carmichael
"No, I don't think Atlantis should ban
youths from coming. I think parents ought to
try and supervise their kids ... But at the
same time we're in the Bahamas, we're


TT STREET


ALK

Bahamians, and we should be free to go
and move - as long as we're not committing
any criminal act."
Tom Jones, Yamacraw
"Young people today have no manners
and they don't listen... Ban all of them."
18, Carmichael
"Atlantis has the right to do that. Minors
don't need to be hanging up over there by
themselves."
20, Carmichael
"If you don't have any business over there
don't go over there. What are children going
over there for - do they have any money to
spend?"
Bahama Bob, 40
"From their perspective it's like we have a
tourist product we can't let go of."


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Sen. Hon. Dion Foulkes
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* Hon. Zhivargo Laing, M.R


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PAGE 8, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


LOCAL NEWS I


Two students charged in


connection with stabbing

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunmedia.net
FREEPORT - Two male students of St George's High
School were charged with causing grievous harm in con-
nection with the stabbing of another male student.
The minors appeared before Magistrate Debbie Ferguson
in Court One. However, they were not allowed to enter a
plea because of the absence of the Juvenile Panel.
The matter was adjourned to February 9, 2010 when the
juveniles will return to enter a plea.
The arraignment is in relation to Monday's stabbing at St
Georges High School.
The victim remains in hospital in stable condition.
The teenagers were each granted $600 bail.


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DNA expert testifies in




double murder trial


By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net
A DNA expert testified yes-
terday in the trial of a man
charged in the October 2006
double murders of two men on
Andros.
Frank Alphonso Pinder, 33,
of the Bluff, South Andros, is
accused of killing Glenwood
Neely Jr and James Smith Jr.
The two men were reported
missing almost two weeks
before their bodies were dis-
covered in a remote area of the
Bluff, South Andros, in an
advanced state of decomposi-
tion.
Kevin Noppinger, lab direc-
tor of DNA Labs International
in Deerfield Beach, Florida, tes-
tified that he analysed two
blood stain samples from Willi-
mae Neely and Edith Smith
along with two bone samples
submitted to the lab by
Bahamian police.
Mr Noppinger told the court
he began analysing the samples


on January 5, 2007, and later
submitted a report. He devel-
oped a DNA profile from the
blood stain samples and com-
pared them to bone samples
from the two victims.
He said he concluded there
was a 99.99 per cent chance that
Mrs Neely was the biological
mother of the individual whose
bone sample was labelled LS3
and that Mrs Smith was the bio-
logical mother of the individ-
ual whose bone sample was
labelled LS1.
Also taking the witness stand
yesterday was Kirsten Nop-
pinger, president of DNA Labs
International.
She told the court she had
received the blood and bone
samples from Detective Cor-
poral Sheria King.
She said the samples were
documented in the lab's com-
puter system and then placed
in an evidence vault.
Detective Inspector Rochelle
Deleveaux-Rolle told the court
she had received sealed pack-
aged samples containing the


THE ninth tropical storm of the year, Ida, has formed in the
Gulf of Mexico.
The Tropical Storm is headed toward Nicaragua with max-
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warning remains in effect for the entire eastern coast of
Nicaragua and for the islands of San Andres and Providencia.
Ida is heading toward the west-northwest at six miles per hour.
The storm is expected to turn northwest and to decrease in for-
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blood stains and bone on
December 8, 2006, but did not
open them.
She explained that she did
not want to break the seal on
the samples and risk contami-
nating the evidence, which was


later handed over to a woman
she identified as Corporal King.
The trial, which is into its sec-
ond week, is being heard before
Senior Justice Anita Allen.
The case resumes today at
10am.


Man wanted for questioning

in connection with murder


POLICE are searching for a man
who they want to question in connec-
tion with the murder of James Patrick
Gardiner, 42, of Augusta Street.
Xavient Taylor, also known as
"Ninja", is 26 years old and his last
known address was Key West Street.
He is described as being 6ft tall, slim
and weighing 1701bs.
The police say Taylor should be
considered armed and dangerous.
Anyone with information about his
whereabouts has been urged to con-
tact the police on: 919, 911 or 322-
3333; the Central Detective Unit on
502-9930 or 502-9991; Crime Stoppers
on 328-8474, or any police station.
Gardiner was stabbed following an
argument in the Montel Heights area,
where he had been visiting a friend
on Monday night.


Shooting victim identified


By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT - Grand
Bahama's tenth murder victim
has been identified as 57-year-
old Cedric Joseph Williams, of
South Bahamia, Freeport.
Williams, who was shot late
Monday evening at his resi-
dence, was taken to hospital but
died early Tuesday morning.
A motive for the shooting is
not known. Police are appealing
to the public for their assistance
in solving this homicide.
The victim, also known as
"General," is a well-known res-
ident of Freeport. He had


worked as a head Bellman for
many years at the Royal Oasis
Resort before it closed, in 2004.
According to police reports,
police received a call of a shoot-
ing at Braemer Drive, South
Bahamia sometime around
llpm on Monday.
Police and EMS personnel
were dispatched to the scene,
where they found an adult male
with a gunshot injury to the
upper part of his body.
The victim was taken to
Rand Memorial Hospital,
where he died around 3.15am
Tuesday.
Asst Supt Loretta Mackey
said police are investigating the
matter.


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THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 9


Gentleman's Club I .


hosting 'character



building' workshops


By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net
FOR nearly two decades, the
Gentleman's Club has been
responsible for the recognition
and the further development of
high-achieving young men in
the Bahamas.
To date, the club, which was
founded by Dr Judson Eneas
and his wife Marchetta Eneas,
has graduated 690 'gents', who
have been awarded millions of
dollars worth of college schol-
arships.
With the programme now
heading into its 19th year, Dr
Eneas said that it is hoped that
more schools will participate in
the Gentleman's Club and that
the continued support from the
community will assist in the fur-
ther enhancement of the initia-
tive which initially started with
only 12 young men.
The Gentleman's Club
workshops run from January to
April 2010 and culminate with
the Gentleman's Club Ball on
April 10, 2010. Deadline for
applications is this Friday,
November 6.
For the most recent course,
some 40 young men from both
the public and private school
sectors were selected by a spe-
cial committee.
The boys participate in a
series of workshops designed
to develop strong character as
well as communication and net-
working skills.
"It has been my experience a
lot of times that young men are
taught to shut up and not say
anything, this is the one place
where they speak and give their
opinions. Most of our men are
in places now where they can
give back to the community and
are mentors," said Mrs Eneas.
Dr Eneas said: "It's about
character building and network
building, we want to build men
of character, so from the begin-


"It has been my experience
a lot of times that young men
are taught to shut up and not
say anything, this is the one
place where they speak and
give their opinions."

Marchetta Eneas


ning you will see a transforma-
tion. From the beginning to end
you see the transformation
process. We take what you
have and try to take it to anoth-
er level. It's more than getting
some money for scholarships."
Dr Eneas said that the pro-
gramme is trying to build an
elite group of men, "because
for too long we have celebrated
mediocrity."
"We have been told that the
Bahamas has lost its ambiance.
So we really want to elevate
our young men to a higher lev-
el because we feel that if our
young men can advance, our
society can advance," he said.
The couple said that they are
often criticised by persons
claiming that they are "helping
the wrong boys."
"That's not true. We have
graduated through this pro-
gramme 690 boys over the past
18 years and with all the schol-
arships we have provided and
all the college scholarships we
have been awarded, that's well
over $3 million worth of schol-
arships. So they can't say we
are helping the wrong boys. We
are helping boys who may not
have been given the opportu-
nity but were smart and did not
have anyone to motivate
them," Dr Eneas said.
The couple also noted that
there are several schools that


have programmes geared
towards at-risk young men and
have also chosen to refer to
them as 'gentleman's clubs.'
Dr Eneas said: "The prob-
lem is that this prevents certain
schools from sending boys to
this programme because they



e- M


think they already have the pro-
gramme. We are not telling
them not to help the young
men, just change the name - we
own the name and the logo."
"We want to accept boys
from every school that applies.
I think there are about 30
schools we send out applica-
tions to and at the most we
have had about 16 schools
involved. There are some
schools that aren't sending any-
body in, so we want to let them
know that they need to get
those applications," he said.
The Eneas' said that they
continue to receive support
from colleges in the United
States and are also being assist-
ed by a local fraternity.
"We have had unwavering
support from some of the col-
leges in the United States and




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we are trying to solicit more
support.
"We are trying to get a few
more colleges onboard, but
Fisk, Morehouse and St John's
University have supported us
with scholarships for our young
men," Dr Eneas said.
He said that the club has
also benefitted from the assis-


tance of the Sigma Pi Phi Fra-
ternity whose membership
includes many prominent mem-
bers of Bahamian society.
"We have been able even
during the recession to award
sizable scholarships and so we
are grateful for the support we
have gotten from the commu-
nity," Dr Eneas said.


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+


PAGE 10, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


LOCAL NEWS I


FROM page one Carl Bethel to step down
ave had discussions and
thin a matter of weeks at asMiister of Education
is convenience, he will make a iitro dcto


certain adjustments.
"I will ultimately at that
time, yes, I will be stepping
out of Cabinet in order to
fully perform the functions
of chairman of the party
over the next 18 months, to
two years, to two and a half
years until whenever the


next election is called. At
which time - when the
FNM will, God willing and
with the help of the Bahami-
an people, be restored to
office - I will of course look
towards the resumption of
my Cabinet responsibilities


in some form or fashion
that's decided by the prime
minister," Mr Bethel told
the media on the sidelines
of the FNM convention,
minutes after he was elected
as party chairman.
Mr Bethel said he volun-
teered himself to be nomi-
nated as party chairman after
more than a month of dis-
cussions at the Cabinet level.
"A number of names were
discussed internally and
through a process, a weed-
ing out process. . .We ulti-
mately arrived at a handful
and at that point when it was
down to two or three I said
'Look, I would volunteer my
services for the good of the
party.' There were others
who were prepared, but I
stepped forward".
Mr Bethel, who previously
served as party chairman,
said he does not see the
move as a demotion but the
chance for him to assist his
party in the best way he can.
In order to avoid a repeat of
the FNM's loss in 2002, he
said it is critical for the party
to keep an ear to the ground
and ensure that the country
knows how well the govern-
ment is handling the current
economic crisis.
His first order of business
as chairman is to improve
communication at the par-
ty's headquarters with a
strong focus on multimedia;
to address concerns of rank
and file FNM supporters;
and begin galvanising FNM
foot soldiers as the party pre-
pares for the next election.
Mr Roberts, who
announced his plans to dis-
mantle the FNM upon tak-
ing office, took Mr Bethel to
task for his "failed" term as
education minister.
"A word of encourage-
ment to our devoted educa-
tors; the end of the month is
but 24 days away and it ain't
long now," Mr Roberts said.


Bethel elected FNM Chairman


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battle for the post.
"If the Prime Minister stands up, the Prime
Minister that enjoys a great deal of support in
that convention, and nominates someone I
must be the greatest fool there is to waste my
time and waste the convention's time to have
them vote for a position that I really have
absolutely no chance in winning," said Mr
Ingraham, who said he was informed of the
move to nominate Mr Bethel yesterday morn-
ing.
Chairman-elect Carl Bethel said his main
aim is to position the FNM to ensure its victory
when the country returns to the polls.
"It was the consensus view of the party lead-
ership that we really needed to in a sense take
things up to another level and hopefully a lev-
el that will be effective in positioning the par-
ty to face the next elections," he said on the
sidelines of the convention, with Ivoine Ingra-
ham at his side.
During the nomination process for party
officers both Mr Ingraham and FNM deputy
leader Brent Symonette were unopposed and
elected to their respective posts to rousing
applause, cheers and a standing ovation.


FROM page one Turnuest


Highlighting anti-crime
policies and initiatives that
the FNM government have
taken, the Minister said,
"Soon, when ordered by the
courts, we will be electroni-
cally monitoring persons
charged with, or sentenced
for, crimes who are not serv-
ing custodial sentences in Her
Majesty's Prisons."
Mr Turnquest also spoke
about Closed Circuit Televi-
sion (CCTV) pilot projects
which are being launched in
the downtown area and in the
South-Eastern New Provi-
dence Division, saying, "As
we advance this initiative, we
say to criminals, lawbreakers
and those that aid and abet


them, 'Smile, you may well be
on CCTV. We will tape you,
and we will apprehend you.'"
The Minister then encour-
aged Bahamians not to be
permissive or compliant when
those close to them commit
crimes.
"We must be prepared, in
confidence, to tell the police
what we know," he said. "We
must tell the police who has
that gun, before it is used to
harm or kill somebody. We
must tell the police where that
drug house is in our neigh-
bourhood. We must join
neighbourhood watches. We
must become our brother's
and sister's keepers."


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IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


h.
w
hi


FROM page one

Johnley Ferguson will not be offering as a can-
didate for chairman this time. I therefore beg
to put the nomination in the name of Carl
Wilshire Bethel," said Mr Ingraham as the
crowd broke out into thunderous applause.
Mr Ferguson - who told The Tribune hours
before the nomination process that he expect-
ed to win the chairmanship race - seconded the
nomination.
Chairman candidate Ivoine Ingraham
moved the motion to nominate Mr Bethel
unopposed in the "interest of party unity", he
told the delegates.
Although he put on a brave front at first, the
"emotionally drained" candidate was later
consoled by a supporter as he wept over the
lost opportunity.
Mr Ingraham - who launched a public cam-
paign for the post several weeks ago - told the
media he put aside his pride and dropped out
of the race. He conceded that due to the prime
minister's endorsement of Mr Bethel's nomi-
nation it would have been futile for him to


r -l







+


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 11


* THE FNM NATIONAL CONVENTION M


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Ex-PLP official seeks US court promise
FROM page one
rant was issued for his arrest in the United States.
According to the indictment, Cambridge conspired to "unjust-
ly enrich" himself "by obtaining fees for laundering purported
fraudulent proceeds through Bahamian bank accounts" and
"knowingly and wilfully" attempted to hide the real source of
thousands of dollars which he was told were the proceeds of ille-
gal activity.
The attorney, who resigned as partner in the Bahamian law
firm Calendars and Co. and treasurer of the PLP after first
being implicated in the criminal plot in September, was indicted
along with one his three fellow co-defendants in the case, North
Miami businessman Joel Williams.
They were both charged with one count of conspiracy to com-
mit money laundering and five counts of money laundering.
If found guilty of the alleged crimes, 45-year-old Cambridge
and Mr Williams could face a maximum of 20 years in prison and
a $500,000 fine.
Cambridge is accused of facilitating Broward County Com-
missioner Eggelletion and two others in their efforts to launder
money in The Bahamas from what they believed to be a Euro-
pean investment fraud by setting up an international business
company and a First Caribbean bank account for a percentage of
the funds to be laundered.
Eggelletion was indicted in September, and was since sus-
pended from his public office. Eggelletion, Williams and anoth-
er co-defendant, Ronald Owens, have all been released on bond.
The men were implicated following a three year long Federal
Bureau of Investigations (FBI) sting operation. It was revealed
in court in Fort Lauderdale, Florida, that federal investigators
made 415 DVD and audio recordings during the course of the
sting.
Meanwhile, Bahamian financial services regulators launched
their own review of the allegations against Cambridge to deter-
mine whether any Bahamian laws were violated.


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THE TRIBUNE


PAGE


TH i 1R I)AY NOVEMBER ';


I A E 13r at l sp si


CATHOLIC PRIMARY SCHOOL LEAGUE'S BASKETBALL LEAGUE





St. Bede's Crushers







remain undefeated


St. Francis and Joseph's Shockers flattened 41-3

by RENALDO DORSETT
Sports Reporter :
rdorsett@tribunemedia.net


The defending champions
continued to dominate in the
Catholic Primary School
League's Basketball League
yesterday, despite an off per-
formance from their star player.
With a balanced team effort,
the St. Bede's Crushers
remained undefeated with a 41-
3 win on the road yesterday
over the St. Francis and
Joseph's Shockers.
Adrian Mackey led the
Crushers with 16 points, while
perennial leading scorer Kyle
Turnquest chipped in with 11
and Gregory Cooper finished
with eight.
The Crushers led 6-1 at the
end of the first quarter, with
Mackey opening 3-3 from the
field.
The Shockers' lone score of
the half came from Paul Far-
quharson at the free throw line
just before the end of the quar-
ter.
The Crushers defense did not
give up a field goal the entire
game, using a stifling defensive
effort to widen their margin at
the end of each quarter.
Cooper scored the opening
basket early in the second and
both teams struggled offen-
sively without a score until the
final play of the half.
Turnquest stole the inbound
pass with eight seconds left and
raced downcourt for his first
score of the game and gave his
team a 10-1 lead at the half.
With the regular starters on
the court in the third, the
Crushers opened with a half-
court trap which continuously
netted turnovers and fastbreak
baskets.
Turnquest and Cooper
outscored the Shockers 9-0 in
the quarter with Cooper scoring
on the first two fastbreak bas-
SEE page 13


By BRENT STUBBS

AuN interesting letter
came into my e-mail
from a group of senior track
and field athletes on the plight
of the Bahamas Association
of Athletic Associations'
upcoming annual general
meeting and their election of
officers.
The letter states that the
athletes, both active and
retired, felt it was time for
them to weigh in on the
salient event to elect a presi-
dent for their prestigious
organization, which has
undergone many changes in
recent times.
Although the athletes
declined to identify them-
selves, they made some criti-
cal point, which adds another
dimension to the whole make-
up of the BAAA or any of
the other major sporting bod-
ies for that matter.
Where's the Athletes Rep-
resentatives and why are they
not allowed to participate in
the election of their officers?
Track and field has been
the most vibrant sporting
body with the highest profile
on the international scene, yet
the association has yet to
make provisions for the voic-
es of its athletes to be heard.
With the elections sched-
uled for November 21, there's
no time for the BAAA to
meet and make amendments
to include such a body. But
there's still time for the asso-
ciation to hear the concerns
of the athletes.
While space won't allow for
the publication of the letter
in its entity, I wish to take this
opportunity to point out these
key aspects:
"We will not be deceived
with rhetoric and double stan-
dards," the athletes wrote.
"How is it that one can aspire
to reclaim leadership to an
organization when the insti-
tution was overwhelmed with
division and without a vision
during the tenure of the oust-
ed leader?
"This in our view portrays
arrogance. Our firm and fer-
vent desire is that any and all
candidates vying to reclaim a
position of leadership in the
BAAAA should begin with
open and honest confession


STUBBS


OPINION
-

of their former management
of the institution."
The letter further states
that while the athletes know
they are not eligible to vote,
they do feel they should have
a voice in determining who is
elected to run the affairs of
the association.
And they're right because,
as they also stated, they have
and are forced to maintain a
high standard and likewise,
they should only expect the
same from the people who
lead them.
Let me state here that I'm
not taking any sides, but I
firmly believe that our leaders
must realize that without the
athletes, they won't have any
organization to manage. If our
athletes are not performing
to the level that will enable
them to qualify for the inter-
national meets, then there
won't be the need for a
national team to travel.
I just think that more con-
sideration must be given to
our athletes and that's not just
in track and field, but all
sports, if we're going to con-
tinue to make the inroads that
we've done so far.
The BAAA just happen to
be the one in the spotlight
SEE page 13


KI
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by RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net
Day one of the GSSSA Volleyball Senior
Championships proved to be a difficult outing
for the C.C Sweeting Cobras as both teams
lost the opening games of their respective
series.
In senior boys play the Cobras have much
ground to make up if they hope to repeat as
champions after a three set loss to the C.V.
Bethel Stingrays, while the girls fell in straight
sets to the defending champion C.R Walker
Knights.
The Stingrays overcame an opening set loss
to take game one 19-21, 19-14, 15-12.
The opening set was an equally played back
and forth contest with neither team leading
by more than two scores throughout.
The set featured 11 ties and 11 lead changes
with the Cobras getting the better of the
Stingrays late in the set.
The first tie came early in the set at 4, and
the Cobras took the biggest lead of the set, 11-
9 on a score by Gabi Laurent.
Tied at 19, Roosevelt Whylly spiked home a
score to give the Cobras a 20-19 lead and Ken-
vado Thomspon converted on the next play to
take the first set.
The second set proved to be a complete
turnaround as the Stingrays raced out to a
commanding 6-0 lead before the Cobras could
reach the scoreboard.
A bad serve ended the run for the Stingrays,
but they maintained the six point advantage for
much of the set.


The Stingrays led 10-4 before the Cobras
chipped into the advantage with a pair of kills
by Whylly and a block by Thompson to bring
them within three.
C.V Bethel stayed ahead by four scores,
before a final run won the set handily.
Ahead 14-10, Tre Adderley scored on con-
secutive scores and the Stingrays' defense
forced a series of errors to take the second
set by six points.
In the third and deciding set, the Cobras
appeared to be well on their way to a game one
win, before the Stingrays defense once again
stepped up and forced a rally.
Jamon King became the hero, as he scored
three of his team's final four points of the set.
The Cobras opened the set with a 4-0 lead,
only to have the Stingrays answer with five
scores of their own to take a 5-4 advantage.
The Cobras led 8-5 heading into the side
switch.
The Stingrays again pulled ahead 10-9, and
after a 10 all tie, King scored the first of his
many clutch points down the stretch.
King's point sparked a 4-0 run capped by a
soft dink at the net which dropped in for a
14-10 lead.
Fittingly he spiked home the winner to give
the Stingrays a 15-12 win in the set and match.
Adderley led the Stingrays with 11 points
while King added four.
Laurent led the Cobras in a losing effort
with nine.
Play continues in both series today at the
D.W Davis Gymnasium, beginning at 4pm.


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TRIBUNE SPORTS


THURSDAY, NOVEMBER 5, 2009, PAGE 13


Crawford leads Hawks




to victory over Blazers
^ L A^^ -.un..


By ANNE M PETERSON
AP Sports Writer
PORTLAND, Ore. (AP)
- Jamal Crawford is happy
with his new team and his
new role.
"This is the most fun I've
had because I haven't had
these kinds of athletes, ever.
So it feels good," he said after
scoring 27 points off the
bench to lead the Atlanta
Hawks to a 97-91 victory over
the Portland Trail Blazers on
Tuesday night.
Al Horford's dunk with
56.6 seconds left made it 95-89
and all but sealed it for the
Hawks. Horford finished with
11 points and 13 rebounds.
LaMarcus Aldridge, who
was questionable going into
the game with a knee injury,
led the Blazers with 20 points
and 14 rebounds.
Horford's dunk on a fast
break put the Hawks up 86-80
with six minutes left in the
fourth quarter. He momen-
tarily stood underneath the
basket, staring down the Rose
Garden crowd in defiance
after Portland led by as many
as 12 points in the first half.
Portland's Travis Outlaw
made a jumper and a 3-point-
er to narrow it to 86-85, but
Crawford came back with a
jump from the top of the arc
with 4:01 left.
After Outlaw closed in
again with another jumper,
Joe Johnson hit a 3-pointer
to make it 91-89 for the
Hawks.
Andre Miller made a pair
of free throws for Portland
before Johnson's jumper and
Horford's dunk with just
under a minute left kept Port-
land at bay the rest of the
way.
Crawford, who was
acquired by Atlanta in the off-


season after splitting time
between New York and
Golden State last year, said
he's adjusting to his reserve
role.
"I think it gives us good
balance," he said. "We have a
really, really strong starting
five and we have a really good
bench, so we try to balance
both and make the best of it."
The Hawks (3-1) were play-
ing the second of a four-game
road trip. They fell 118-110
to the Los Angeles Lakers on
Sunday.
Aldridge played against the
Hawks after he was knocked
out of Portland's game Sun-
day at Oklahoma City with a
bone contusion on his right
knee. The Blazers (2-3)
defeated the Thunder 83-74.
The Blazers uncharacteris-
tically fell to 1-2 last home.
Last season they were 34-7
advantage at the Rose Gar-
den.
"I feel like our level of play
has got to go up," coach Nate
McMillan said. "To win, we're
not playing as hard as we
need to win ball games."
The Blazers and the Hawks
split their series last season,
with each team holding their
own at home. Portland has
won nine of the last 11 against
Atlanta at the Rose Garden.
The Blazers began to pull
away late in the first quarter,
capped by Brandon Roy's
two-handed jam to make it
25-15. Greg Oden padded the
lead to start the second with a
dunk off a pass from Miller.
But the Hawks came back,
with a 14-6 run capped by
Mike Bibby's 3-pointer to
close to within 43-41. The
Hawks narrowed it to 48-47
at the break. Atlanta was led
by Crawford, who had 15
points in the quarter.
"He was huge," said coach


GREG ODEN (left) looks for an opening to the basket as Atlanta Hawks center Al Horford defends during
the first quarter of their game in Portland, Oregon, on Tuesday night...
(AP Photo: Don Ryan)


Mike Woodson. "He's a shot-
maker. I haven't had a big-
time guy off the bench like
that who can score the ball.
Atlanta jumped up early in
the second half but it was
brief, marked by a Horford


shot that came to rest on the
space between the rim and
the backboard.
Portland came back to go
up by as much as 64-56 after
Steve Blake's 10-foot-jumper,
but again Atlanta answered
and led 72-69 at the end of


three. Roy's step-back jumper
tied it for the Blazers at 80,
but the Hawks scored the
next six straight, capped by
Horford's fast break dunk,
with an assist from Crawford,
that made it 86-80.


MAGIC guard Vince Carter goes
down after injuring his ankle in
the second quarter of a game
against the New Jersey Nets...
(AP Photo: Bill Kostroun)


Magic's

Carter

sidelined

with injury

ORLANDO, Florida (AP)
- Orlando Magic guard
Vince Carter was sidelined
against the Phoenix Suns on
Wednesday night with a
sprained left ankle.
Carter was first injured Fri-
day against New Jersey. Mag-
ic coach Stan Van Gundy said
Carter aggravated the ankle
again Tuesday night versus
Detroit. Carter's status is day
to day.
The 32-year-old guard was
Orlando's biggest free agent
splash this summer. The Mag-
ic acquired Carter from New
Jersey in a trade that sent
Courtney Lee, Rafer Alston
and Tony Battie to the Nets.
Orlando also received Ryan
Anderson.
Meanwhile, small forward
Mickael Pietrus returned to
the Magic's lineup Wednes-
day after missing two straight
games with flu-like symptoms.


Johnson leads NFL in rushing


NASHVILLE, Tenn. (AP) - Tennessee cor-
nerback Cortland Finnegan is fast, very fast. And
he refuses to even think about racing teammate
Chris Johnson.
Not even for fun.
"There's some things you just don't do,"
Finnegan said with a smile. "A Ferrari and a
Toyota Corolla will not race. I feel like I'll be a
Toyota Corolla. I'm not going to race a Ferrari."
Johnson is the speedy second-year running
back from East Carolina who is leaving defend-
ers in his wake. He's leading the NFL in yards
rushing (824) and yards per carry with a whop-
ping 6.9 average, and was the AFC offensive
player of the week Wednesday for his franchise-
record 228 yards rushing in last week's 30-13 win
over Jacksonville.
Call it arrogant, but Johnson said he hasn't
seen anyone match his speed - measured at
4.24 seconds in a 40-yard dash - yet in the NFL.
"I'm not all about my speed. I can make peo-
ple miss. I can break tackles," he said.


It's part of Johnson's march to being one of the
NFL's best, and this season's goal is 2,000 yards,
which has been done only five times and not
since Jamal Lewis in 2003. If he reaches that,
Johnson plans to reward his linemen by buying
them cars. He has topped 100 yards three times
this season, and his 228 yards was the NFL's best
since Adrian Peterson rushed for 296 on Nov. 4,
2007, against San Diego. It was also the 16th best
rushing total since the NFL/AFL merger in 1970.
Some running backs may have more touch-
downs than Johnson's four, but each of his scor-
ing runs has been longer than 52 yards, and he is
busy rewriting the Tennessee record book, pass-
ing by names like Billy Cannon, Earl Campbell
and Eddie George. Johnson has two of the fran-
chise's three longest TD runs with an 89-yarder
and a 91-yarder - both this season.
"It feels real good to look at some of the guys
who have played before me, then come in and
break a record. But records are made to be bro-
ken," Johnson said.


The Crushers remain undefeated


FROM page 12

kets from turnovers.
Turnquest was 3-5 from the
line in the third but missed sev-
eral easy lay-ups at the basket
which he would normally con-
vert.


The Crushers led 19-1 at the
end of the third quarter.
The fourth was the most pro-
ductive scoring quarter for St.
Bede's as they outscored St.
Francis and Joeseph's 22-2.
Malik Jones opened the scor-
ing on the opening possession
with a baseline jumper.


Mackey was again the team's
catalyst, dominating the offen-
sive boards, and scoring 10
points in the quarter.
Leading 36-1, Johnathan Fin-
layson converted two free
throws at the line for the
Shockers for their only scores
of the half.


�TOYOTA moving forward







TOUGH TRUCK





Smooth Ride


STUBBS OPINION


BAAA in the spotlight


FROM page 12

because their elections is on the horizon. But
whenever you have athletes speaking out
about your organization, I think it's time to
take note.
ROBINSON SUPPORT
Tommy Robinson has been the name of
track and field for a long time.
He's still being remembered for his sole rep-
resentation on the international scene and his
name is inscribed on our national track and
field stadium.
But in recent years, Robinson has been side-
lined with stomach cancer and has reportedly
mounted a hugh financial bill and the Bahamas
Association of Athletic Associations is coming
to his rescue.
At age 71, Robinson has been the sporting
ambassador for the country and now it's time
for the country to show their gratitude in a
tangible way once again.
I say once again because in July, a commit-
tee called "Friends of Tommy Robinson" host-
ed a gala luncheon in his honor. The public
should be commended for the turnout.
On Saturday, December 12, the public is
once again being called upon to help Robin-


son. This time it's true a 20 Mile Fight for
Cancer Relay Health Run.
It's a new initiative, but I feel it's one that
can really catch on and make an impact in our
country as competitive and non-competitive
athletes come together and compete for a wor-
thy cause.
It's not every day that this type of appeal is
made. But Robinson is not your ordinary per-
son. He has served as a great ambassador, a
mentor and a supporter for many of our ath-
letes.
Let's rally around and give Robinson our
support in this venture.
HAPPY BIRTHDAY SEA WOLF
Another remarkable Bahamian is in the
spotlight.
On Monday, Sir Durward 'Sea Wolf'
Knowles celebrated another milestone, his
92nd birthday. But if you see him, he certain-
ly doesn't look that old.
Maybe it's because of Knowles' generosi-
ty, commitment and dedication to the
Bahamas, not just in sports, but just about
every aspect that he has been invited or will-
ingly supported.
We want to congratulate Knowles and wish
him every success in the future.


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PAGE 14, THURSDAY, NOVEMBER 5, 2009


TRIBUNE SPORTS


INERATIOALSOT


/0


FORMER NBA REFEREE Tim Donaghy leaves Brooklyn federal
court following his sentencing in New York. Donaghy was a free
man yesterday after serving most of a 15-month sentence in a gam-
bling scandal.
(AP Photo)




Ex-NBA ref



is released



from jail


BROOKSVILLE, Flori-
da (AP) - Disgraced for-
mer NBA referee Tim Don-
aghy was a free man on
Wednesday after serving
most of a 15-month sentence
in a gambling scandal.
Pat Berdan, a consultant
working with Donaghy, said
he was released from Her-
nando County Jail in Flori-
da, where he had been held
since August after officials
said he violated travel
restrictions while living at a
halfway house in the Tampa
area.
A New York judge sen-
tenced the former referee in
July 2008 after Donaghy
said he took thousands of
dollars from a professional
gambler in exchange for
inside tips on NBA games
- including games he
worked.
The 42-year-old pleaded
guilty to conspiracy to


engage in wire fraud and
transmitting betting infor-
mation through interstate
commerce in the tips-for-
payoffs scheme.
Donaghy served 13
months of the sentence.
During his stay in prison, he
wrote a tell-all book "Blow-
ing The Whistle," that does
not yet have a publisher.
Excerpts posted online
include accusations of
wagering between officials
working games, favoritism
toward star players, and
desires by the league to
extend playoff series.
The NBA has said it will
review the allegations that
appeared on the Web site
deadspin.com.
Executive Prison Consul-
tants, a consulting agency
working with Donaghy, has
said the former referee plans
to seek a job in sales or mar-
keting.


Rubin draws 0-0





with Barcelona


By DAVID NOWAK
Associated Press Writer
KAZAN, Russia (AP) -
Rubin Kazan held off the
constant attacking of
defending champion
Barcelona to earn a 0-0
draw Wednesday in the
Champions League.
Barcelona dominated
possession but lacked sharp
finishing against Rubin's
disciplined defense, leaving
the two teams with five
points each in Group F.
The visitors came closest
after only two minutes,
when Zlatan Ibrahimovic
curled a shot past goal-
keeper Sergei Ryzhikov
onto the outside of the post
after a precision through
pass by Xavi Hernandez.
Rubin substitute Alexan-
der Bukharov had the hosts'
best chance in the 79th. Vic-
tor Valdes ran out of the
Barcelona goal to smother
his shot.
The match was played in
freezing conditions in
Kazan, the capital of the
autonomous Tatarstan
republic.
After Ibrahimovic's miss,
Xavi's chip from 20 meters
(yards) sailed on to the roof
of the net in the 19th
minute. A minute later,
Messi dribbled past two
defenders but Ryzhikov
dived at the Argentine's
feet to steal the ball.
Carlos Puyol blocked a
low drive from Ecuadore-
an midfielder Chistian
Noboa in the 25th, while
Messi struck a fierce shot
from 20 meters (yards) that
bounced just wide seconds
later.
Argentine striker Alejan-
dro Dominguez was a nui-
sance for the Barcelona
defense, jinking past sever-
al players in the 31st minute
before losing the ball from
some tight marking inside
the box.
Ryzhikov saved twice
again before the break,
from Andres Iniesta and
Ibrahimovic.
Barcelona was less potent
in the second half with
Rubin's defenders,
undaunted by their illustri-
ous opponents, calmly deal-
ing with cross after cross.
Yaya Toure struck a


FC BARCELONA'S Caries Puyol (left) fights for the high ball with Rubin Kazan Gokdeniz Karadeniz
during their Group F Champions League match in Kazan, Russia, yesterday...
(AP Photo: Sergey Ponomarev)


stinging drive from 30
meters (yards) after the
break that Ryzhikov par-
ried for his defense to clear.
Iniesta skipped past two
defenders and into the box
but shot wide in the 54th,
while Xavi sliced a long shot


past the post in the 67th.
A rare Rubin attack in
the 69th ended in
Dominguez shooting weak-
ly for the ball to bobble
wide.
Five minutes later,
Dominguez played Alexan-


der Bukharov through but
the substitute could only
chest the ball down into the
arms of Valdes.
Barcelona substitute
Thierry Henry shot wide
when put through by Lionel
Messi in the 90th minute


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1 71 1 03 AML Foods Limited 1 17 1 17 000 0 127 0000 92 0 00%
11 80 990 Bahamas Property Fund 1075 1075 000 0992 0200 108 1 86%
930 590 Bank of Bahamas 590 590 000 0244 0260 242 441%
0 89 0 63 Benchmark 0 63 0 63 0 00 -0 877 0 000 N/M 0 00%
349 315 Bahamas Waste 315 315 000 0125 0090 252 286%
237 214 Fidelity Bank 237 237 000 0055 0040 431 169%
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553 411 Focol (S) 434 434 000 19,236 0326 0 150 133 346%
1 00 1 00 Focol Class B Preference 1 00 1 00 000 40,000 0000 0000 N/M 0 00%
0 45 0 27 Freeport Concrete 0 27 0 27 0 00 0 035 0 000 77 0 00%
902 549 ICD Utilities 559 559 000 0407 0500 137 894%
12 00 995 J S Johnson 9 95 9 95 0 00 0 952 0 640 105 6 43%
1000 1000 Premier Real Estate 1000 1000 000 0156 0000 641 000%
BI,\ LISTED DEE-TI .ELURIITIE - iE..:r.'3 [, ,- ,' a P-i.- 'ni -_ 4 t,,:n . a�_ �
52wk-Hi 52wk-Low Security Symbol Last Sale Change Daily Vol Interest Maturity
100000 100000 Fidelity Bank Note 17 (Series A) + FBB17 10000 000 7% 19 October 2017
100000 100000 Fidelity Bank Note 22 (Series B) + FBB22 10000 000 Prime + 1 75% 19 October 2022
100000 100000 Fidelity Bank Note 13 (Series C) + FBB13 10000 000 7% 30 May 2013
100000 100000 Fidelity Bank Note 15 (Series D) + FBB15 10000 000 Prime + 1 75% 29 May 2015
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol EPS $ Div $ P/E Yield
1460 7 92 Bahamas Supermarkets 1006 11 06 1400 -2246 0000 N/M 000%
800 600 Caribbean Crossings (Pref) 2 00 625 4 00 0 000 0 480 N/M 7 80%
054 0 20 RND Holdinas 035 040 035 0001 0000 2566 000%
41 00 29 00 ABDAB 3013 31 59 2900 4540 0000 903 000%
055 040 RND Holdinas 045 055 055 0002 0000 261 90 000%
E.I:_, L,�i_, rlutuu l iF uiI,:_�
52wk-Hi 52wk-Low Fund Name NAV YTD% Last 12 Months Div $ Yield % NAV Date
1 4038 1 3344 CFAL Bond Fund 1 4038 372 520 31-Aug-09
3 0350 2 8952 CFAL MSI Preferred Fund 2 8300 -3 75 -6 75 30-Sep-09
1 4957 1 4226 CFAL Money Market Fund 1 4957 430 5 13 23-Oct-09
35399 29759 Fidelity Bahamas G & I Fund 29759 -12 10 -1754 30-Sep-09
13 1751 123870 Fidelity Prime Income Fund 13 1751 442 5 86 30-Sep-09
1030956 1000000 CFAL Global Bond Fund 1030956 310 252 30-Sep-09
100 0000 994177 CFAL Global Equity Fund 994177 3 12 276 30-Sep-09
1 0000 1 0000 CFAL High Grade Bond Fund 1 0000 000 000 31-Dec-07
105884 100000 Fidelity International Investment Fund 105884 5 88 588 30-Sep-09
1 0757 1 0000 FG Financial Preferred Income Fund 1 0757 3 86 5 30 30-Sep-09
1 0364 1 0000 FG Financial Growth Fund 1 0305 -0 24 0 22 30-Sep-09
1 0709 1 0000 FG Financial Diversified Fund 1 0709 3 24 4 54 30-Sep-09
r.i-�p, 'ET TE�Pr., .
BISX ALL SHARE INDEX - 19 Dec 02 - 1,000 00 YIELD - last 12 month dividends divided by closing pnce
52wk-Hi - Highest closing pnce in last 52 weeks Bid $ - Buying pnce of Colina and Fidelity
52wk-Low - Lowest closing pnce in last 52 weeks Ask $ - Selling pnce of Colina and fidelity
Previous Close - Previous day's weighted pnce for daily volume Last Pnce - Last traded over-the-counter pnce
Today's Close - Current day's weighted pnce for daily volume Weekly Vol - Trading volume of the pnor week
Change - Change in closing pnce from day to day EPS $ - A company's reported earnings per share for the last 12 mths
Dally Vol - Number of total shares traded today NAV - Net Asset Value
DIV $ - Dividends per share paid in the last 12 months N/M - Not Meaningful
P/E - Closing pnce divided by the last 12 month earnings FINDEX - The Fidelity Bahamas Stock Index January 1, 1994 - 100
(S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S1) - 3-for-1 Stock Split - Effective Date 7/11/2007
TO TRADE CALL: COLINA 242.502-7010 I ROYALFIDELITY 242 356-7764 I FG CAPITAL MARKETS 242 396-4000 I COLONIAL 242-502 7525


I


I %% I







+


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 15


Burns House and Kalik support junkanoo groups

Junkanoo Fan Festival kicks off at the

Butler & Sands Grounds on November 7


PICTURED are representatives from the participating junkanoo groups along with representatives form the
Burns House Group and the Department of Culture. Seated (I to r) are: LeRoy Archer, managing director,
Burns House; Charles Maynard, Minister of State, Department of Culture; Wendell Seymour, corporate rela-
tions manager, Burns House. Standing (1-r): Eddie Dames, Saxons / Ministry of Culture; Sadira Levari-
ty, One Family; Shameka Johnson, Miss Cultural Bahamas; Les Johnson, The Roots; Davon Brennen, The
Valley Boys.


THE Burns House Group of Companies
and Kalik Beer have committed to supporting
four major junkanoo groups in their fundrais-
ing efforts by hosting Junkanoo 4.0: The Ulti-
mate Fan Festival.
This four-event series will take place at the
Butler & Sands grounds, and feature the Sax-
ons on November 7, the Valley Boys on
November 14, One Family on November 28,
and the Roots on December 5.
On its featured night, each group will per-
form a show-time hour, in addition to a rush-
out performance.
Junkanoo fans can expect to see the groups
exhibiting at their very best, as they fine tune
their shows for the upcoming Boxing Day and
New Years Day parades.
The gates will open at 6pm, with entrance
fees set at $5 before 8pm, and $10 after. Gate
proceeds will aid the featured group of the
night.
Kalik Beer, whose name is derived from the


"kalik, kalik, kalikin" sound of cowbells used
in junkanoo, has supported the development of
the festivals and various other aspects of
Bahamian culture for the last 21 years. LeRoy
Archer, managing director of Burns House,
noted that, "With groups finding corporate
entities unable to contribute what they would
have in better economic times, we are extreme-
ly happy that we have figured out a way to
help junkanoo groups help themselves.
"These events will essentially help the groups
make it to Bay Street, while at the same time,
provide world class entertainment in a safe
environment."
In addition to the junkanoo performance,
food and drinks will be on sale. Junkanoo 4.0:
The Ultimate Fan Festival has been endorsed by
Minister of State for Culture Charles May-
nard, and Bahamians, residents and tourists
alike are being encouraged to attend.
The Burns House Group reminded atten-
dees to drink responsibly.


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TRIBUNE THURSDAY,






THURSDAY,


SS


NOVEMBER 5, 2009


IFECTIONC B o usnesS ibunemedia^net I


Bahamas financial


group's 'first step'


in regional growth


By NEIL HARTNELL
Tribune Business Editor
BAF Glob-
al Group, the
parent of
B a h a m a s -
based financial
services
pro vider
British Ameri-
can Financial,
yesterday said
it had grown COOPER
into a business
containing
"well over" $100 million in
assets and "just under"
100,000 policyholders through
its acquisition of British
American Insurance Compa-
ny (Cayman), the "first step"
in the Bahamian firm's
regional and international
expansion.
Chester Cooper, BAF
Global Group's chairman,
and president/chief executive
of British American Finan-
cial, told Tribune Business
from the Cayman Islands that
the move to purchase British
American Insurance Compa-
ny (Cayman) from its judicial
managers, KPMG, represent-
ed "the first step in our
regional strategy".


* British American Financial
acquires Cayman operation
from receivers, giving
enlarged group 'well over'
$ 100m in assets and almost
100,000 policyholders
collectively
* $2.5m infrastructure
investment in Bahamas
set to pay-off for Bahamian
interests via back office
outsourcing from Cayman
* Bahamian company exploits
CL Financial difficulties to
begin regional/international
growth plan

Mr Cooper described the
acquisition as "very positive"
for British American Finan-
cial and BAF Global's
Bahamas interests, saying
there was "a real possibility"
that some of the Cayman
operation's back office func-
tions would be outsourced
back to the Bahamas.
This, Mr Cooper told Tri-
bune Business, had been

SEE page 8B


$20m project 65% 'sold out'


By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net


A group of young
Bahamian businessmen
yesterday told Tribune
Business they are devel-
oping one of the most
innovative and environmentally-friend-
ly gated subdivisions in New Providence,
sparing no expense on the latest tech-
nology in erecting the $20 million South
West Ridge Tuscan Shores Community.
Anthone Deveaux, chairman of
Green Thumb Investments, parent com-
pany of Tuscan Shores Development
Company, said the community was
developed with single family homes in
mind, especially with professional moth-
ers seeking security and comfort.
With the western district of New Prov-
idence producing a mass of new com-
munities, these entrepreneurs said they
have moved to produce a gated com-
munity with the old-world feel of Cen-
tral Italy, the latest in communication
infrastructure and some of the most
environmentally secure acreage of any
other community. The men secured the
services of a Bahamian botanist for the
purpose of saving and integrating indige-
nous trees and vegetation.
"We as a company take pride in being
more like land architects than land
butchers," said Mr Deveaux.
According to him, residential lots are
65 per cent sold out and infrastructure is
80 per cent complete.
Fibre optic cable has been laid


throughout the community to facilitate
the latest in communications, including
cable television, Wi-fi and telecommu-
nications, in order to cater to the young
professional market. And the fibre optic
technology will be used to integrate
triple play packages that bundle cable
television, Internet and telephone ser-
vices coming online in this country.
Shareholder Kelvin Leach said the
fibre optic cabling will also allow for a
state-of-the-art security system to forti-
fy Tuscan Shores.
"We are the first community in Nas-
sau using fibre optic technology in the
infrastructure," he said.
Tuscan Shores will also feature under-
ground electrical facilities in order to
protect the community during storms
and maintain its aesthetic landscape.
Mr Deveaux said paving of the 10-
acre property could begin next month,
while buildings will start to go up near
the end of December and early next
year.
The group hopes to have the commu-
nity completed by early 2013, but due to
the current economic conditions apply-
ing brakes to certain aspects of the pro-
ject, construction could continue on into
2015.
Peter Baskin, the civil engineer with
the group, said at the height of con-
struction the site could create 50 to 60
permanent jobs. As a fully Bahamian-
owned company, Green Thumb Invest-
ments has made sure to employ a full
compliment of Bahamian firms to design
and complete the Tuscan Shores Pro-
ject.


Designers have incorporated grand
green spaces with the community, going
above and beyond the Ministry of
Works' requirements, with a common
pool facility, tennis courts and a chil-
dren's play area.
The group hopes to also integrate as
many alternative energy sources as pos-
sible, including solar street lighting.
"We want to be as environmentally
friendly as possible and put in as much
alternative energy sources as we can
implement," said Mr Deveaux. "We
have a responsibility to the environ-
ment."
Lots in the community will begin at
$119,000, while the 1,500 square foot,
two-bedroom town homes will start at
$295,000 and 1,800 square foot three-
bedroom at $295,000.
According to the group, the square
footage of their town homes and houses
are larger than most communities cur-
rently being built. And construction of
houses will be held to strict building
codes that must be approved by a home
owners association. All of the buildings
and surrounding community will have
"European flare mixed with a little
island flavour".
The men said they chose the
Westridge area because of its proximity
to the burgeoning western district, the
airport and downtown. Tuscan Shores is
nestled in the middle to upper-class
community of West Ridge.
"We're the future of the Bahamas
and that comes with the responsibility to
construct a world class development - at
any level," said Mr Leach.


Post Office privatization called for


By NEIL HARTNELL
Tribune Business Editor
THE Government was yes-
terday urged to privatise the
Post Office, an ex-Bahamas
Chamber of Commerce pres-
ident telling Tribune Business
that inefficiencies in handling
mail and the early closures
caused by non-functioning air
conditioning systems were
adding to the "costs of doing
business".
Returning to the theme that
the Government should get
out of running and owning
businesses, Dionisio
D'Aguilar, Superwash's pres-
ident, said delays in the send-
ing and receipt of return mail,
especially for companies send-
ing out bills and receiving
payments, caused accounts
receivables problems and
added to business costs.
These delays, he added,
also impacted consumers, as
they sometimes did not
receive bills from institutions
such as the banks and the util-
ity companies until after the
due date.
Suggesting that the Post
Office and its functions did
not seem to be important to
the Government, with the
administration "not interested
in it", Mr D'Aguilar suggest-
ed that the agency either be
outsourced to a private sec-
tor management who would


operate it, or privatise it alto-
gether.
Although the Government
was unlikely to earn a huge
sum of money from selling-
off the Post Office, Mr
D'Aguilar said: "Perhaps it's
something you could priva-
tise. Give someone a contract
to run it, and set performance
guidelines for them.
"Privatise the Post Office.
You would have a lot more
flexibility to innovate and get
rid of dead weight." Many
developed world nations, such
as the UK and US, have
already privatised formerly
nationalised post offices and
mail delivery systems, such as
Britain's Royal Mail, handing
them over to private sector
managers and owners who
have increased efficiency by
computerising them.
"It seems to be in distress;
it's not working," Mr
D'Aguilar said of the Post
Office. "The way we conduct
business in this country is still
very much send me a bill,
send you a cheque, and we
need a Post Office for that to
happen.
"So if you are a business
that requires the sending out
of bills, the Post Office is an
integral component of doing
business, especially if you are
in the accounts receivables

SEE page 3B


'Hold the line' over public sector wages


By NEIL HARTNELL
Tribune Business Editor

PUBLIC sector unions
must "hold the line" on push-
ing for salary increases in
upcoming industrial negotia-
tions to keep inflation and the
public finances under control,
a leading Bahamian accoun-
tant said yesterday, as he
urged the Government to
include productivity clauses
to combat this nation's rela-
tively low output per worker.
Raymond Winder, Deloitte
& Touche (Bahamas) man-
aging partner, said the Inter-
national Monetary Fund's
(IMF) projections that


* Salary increases could jeopardise IMF's inflation targets
* Government urged to hold down industrial agreement
settlements to keep inflation and public finances
under control, and recovery on course
* Productivity 'out of line' with per unit of
labour output costs, says top accountant


Bahamian inflation would fall
to 1 per cent in 2009 and just
0.2 per cent in 2010, com-
pared to 4.5 per cent last year,
could be jeopardised by the
'cost-push' effects of increased
wage settlements with public
sector unions.
Referring the possibility of
industrial action by the Union


of Tertiary Educators of the
Bahamas (UTEB) at the Col-
lege of the Bahamas (COB),
Mr Winder said increased
wage settlements with public
sector unions helped raise the
cost base for utilities and oth-
er government-run agencies.

SEE page 11B


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PAGE 2B, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


National energy policy must be more robust


By Audrey Ingram
Roberts


THE National Energy Pol-
icy Committee's first report
provides some insight into the
challenges involved in formu-
lating such a policy for the
Bahamas. The policy's vision
statement should indicate an
aim for the Bahamas to


become a low carbon econo-
my by some point in this cen-
tury. It should inform the
public of when the goal will
be reached; what constitutes
"low", given our prevailing
realities; and how that goal is
to be achieved. The report
suggests that it is through pilot
studies that these metrics will
likely be generated (once


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identified, I suppose).
Nonetheless, it is important
that a policy communicates a
robust vision of a changed
future regarding energy.
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stakeholders appreciate what
is involved in transitioning
from high to low carbon sta-
tus, and indicate the value
added to our society and our
environment in achieving this.
There are compelling rea-
sons why the Bahamas must
become a low carbon econo-
my. Those reasons have to do
with climate change, the
changing economic climate
and our sustainable develop-
ment objectives. Energy is the
pivot. It is both a threat to,
and opportunity, for attain-
ing sustainable development.
How we reduce the threat or
augment the opportunities
depends much on our willing-
ness to take responsibility for
how we consume energy now,
and how much we are pre-
pared to change at the micro
level where, as individuals we
live our daily lives, as well as
at the macro levels of social
and economic policy.
The Committee's report
said that formulation of a
Conservation Policy will fol-
low the Energy Policy. That's
linear planning, in my view.
Our environment is at the epi-
centre of all the compelling
reasons why the Bahamas'
goal must be to become a
low-carbon economy. It there-
fore has to embark upon a
structured transition process
to reach and sustain that goal.
Rather than following on the
heels of the energy policy for-
mulation process, conserva-
tion is itself a crucial pillar of
the energy policy framework,
and should be embedded as
a platform for action towards
the fulfillment of a robust
energy policy.


Transitioning to a low car-
bon economy
"There are complex policy
challenges involved in man-
aging the transition to a low
carbon economy, and in
ensuring that societies can
adapt to the consequences of
climate change that can no
longer be avoided." So says
the Stern Review, commis-
sioned by the British govern-
ment on the economics of cli-
mate change in a publication
released in 2006.
The truth of that statement
is meaningful for the energy
policy formulation exercise
currently underway in our
country.
The United Nations'
2007/2008 Human Develop-
ment Report announced that
if all countries were to emit
carbon dioxide at levels simi-
lar to the Bahamas, the world
would exceed its current C02
output by over 200 per cent.
Although small in geographic
size, the Bahamas' emission
levels per capital are above
those of all other Latin Amer-
ican and Caribbean countries
with a similar population size.
(Tribune editorial on Thurs-
day, December 13, 2007)
The operative term in the
statement is 'per capital , sug-
gesting that each citizen and
resident of the Bahamas
makes a heavy carbon foot-
print on the environment. The
statement challenges us to
build a low carbon economy,
and we are foolish if we think
the challenges are before us
and not within us. Unfortu-
nately, the tone of the Nation-
al Energy Policy Committee's


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


PROPAGATION & NURSERY
Wholesale prices to the public


report is that the journey is
before us, even outside us -
in sector studies, data gap
analysis, upgrading the regu-
latory framework, imple-
menting new energy tech-
nologies and the like.
Undoubtedly, these are
required technical activities
in policy formulation, but do
they give us any urgency to
confront how we each per-
sonally impact upon the envi-
ronment and own the changes
we each must make? Hardly!
Every journey starts with
an understanding of where we
are, and where we are now is
on the fossil fuel platform.
Among the questions that
consumers often ask are: How
long do we have to stay on
this costly platform? Why
can't we step faster on to the
renewable platform? When
will the legislation be in place
that permits us to step from
the fossil fuel platform to the
renewable, without risk of
breaking the law?
Overall, the Bahamas
wants to get at the high fruits
of alternative and renewable
energy. The committee's
report is responsive to such
aspirations. However, the
point is this. The energy archi-
tecture to support those lib-
erating, higher hanging fruits
is still fossil fuel-based elec-
tricity, and will remain so for
some time. That is the reality
of where we are.
Retrofits and energy effi-
cient technologies - 'the low
hanging fruits' - are impor-
tant instruments in the transi-
tion process, especially those
world-class products that have
been designed to perform in
the context of the existing
energy platform.
But there are questions not
asked often enough by con-
sumers, such as: What can we
do now to efficiently manage
our energy consumption?
How can we save money, save
energy and save our environ-
ment?
Transitioning to a low car-
bon economy is an endeavor
that combines conservation
measures with energy efficient
technology. You cannot save
what you cannot measure.
Measurement is the first step
in taking responsibility. We
wouldn't think to drive cars
without dashboards. By
knowing the distances to be
driven, the amount of petrol
required, and time it will take,
including peak traffic times,
we take control. Yet the mea-
surement of the energy we
consume is determined only
by BEC's meters - informa-
tion we get after the fact in
our electricity bills.
World-class energy moni-
tors with web-based dash-
boards are on the market.
They show you instantaneous
and logged data of energy
usage, enabling you to take

SEE page 14B


o t j'u






+


THURSDAY, NOVEMBER 5, 2009, PAGE 3B


Post Office

privatisation Foxwoods off

called for 6

M opedfr table 'for the
business. You need an effi-
cient, working Post Office to
send out the bills, for the
client to receive the bill, cut
the cheque and send it to you
in the mail.
"People that need to send
out lots of bills need to know
it's working. You need an effi-
cient, working post office to By NEIL HARTNELL
conduct your business." Tribune Business Editor But minister says Our Lucaya
Mr D'Aguilar said it
seemed as if the Post Office ALTHOUGH hopes that parties agree on need for integrated
was a forgotten, neglected world-renowned casino devel-
arm of government, and oper/operator Foxwoods resort/casino management
pointed out that it "makes the would take over management
cost of doing business more of Our Lucaya's resort and
if you have to run around casino have been placed on "We have always said from Tribune Business. "That's not
picking up cheques from the backburner "for the the beginning that Treasure to suggest in any way that we
clients t t t d moment", the minister of Bay would be more suucess- do not have the utmost confi-
"The time it takes to deliv- tourism and aviation said yes- ful, and any casino operator dence in the capacity of Trea-
er mail from the General Post terday that such an "integrat- would be more successful, to sure Bay to do an outstanding
offices is like eoinl to New ed management" deal the degree that we have inte- job.
York and back going to New remained the "ultimate objec- grated management of the "We're already talking to
Mr D'Aguilar said the mail tive" for Freeport's leading resort and casino [at Our them about what we want to
was still the preferred com-ail hotel property. Lucaya]," Mr Vanderpool- accomplish."
was still the preferred com- Vincent Vanderpool-Wal- Wallace told Tribune Busi- Mr Vanderpool-Wallace
ing out bills, ansd reid- lace told Tribune Business ness. implied that having separate
ing out bills, and receiving that the Government had to resort and casino operators at
payments and receipts, since it fall back on its second choice Working Our Liucaya had been detri-
host of charges and their to operate Our Lucaya's casi- mental to the property's per-
breakdowninan e-mail mes- no, Treasure Bay, when it "We are already working formance because the two
became clear that the resort's closely with Treasure Bay to sides had effectively been
sage. And e-mail messages owner, Hutchison Whampoa, effect that........That is our ulti- pulling in two directions, the
were frequently forgotten and Foxwoods would be mate goal, integrated man- resort manager focusing on
about or accidentally deleted, unable to reach agreement agement of the resort and filling rooms and making sure
unlike physical mail that was before the existing operator, casino as one." they were paid for, and its
hand-delivered or sent in the Isle of Capri, left at month's When asked why the Fox- casino counterpart zeroing in
"The Post Office is still the end. woods deal had seemingly on high-roller players.
cheapest form of inter-island Without a replacement been taken off the table, the "Casinos that are com-
delivers around the operator, that would have left Government deciding to go pletely integrated into our
Bahamas," he added. "Mail some 235 casino employees with its second option of resorts fare far better," Mr
still has a function, and we jobless, a scenario unthink- Treasure Bay, Mr Vander- Vanderpool-Wallace said,
can'still has ait function, and we able to the Government with pool-Wallace said: "It was telling Tribune Business that
can't negate it for the pur- unemployment nationwide - very clear that some of the the Ministry of Tourism, casi-
poses of doing business. ., . . in ...... n..hr-n


cially - already running at
around a likely 20 per cent
rate.
However, Mr Vanderpool-
Wallace said the Government
was still focusing on a "Fox-
woods-type deal", where the
resort and casino were man-
aged by the same sole opera-
tor, as the ultimate sOlution
for Our Lucaya.


ered would take a much
longer time that allowed by
the need of Isle of Capri" to
exit its Our Lucaya operation
by end-October, as its Board
of Directors had committed
to.
"Treasure Bay was better
able to accommodate what we
needed to do in a shorter peri-
od of time," the minister told


no operators anu Hutc ison
Whampoa were all at one in
agreement on this issue.
"This is an objective we all
share in common," Mr Van-
derpool-Wallace said of the
need for integrated manage-
ment.
"It's a matter of how we get
there. That's the hurdle to be
overcome, but we've not lost
sight of the objective."


Pjair of 1lth C(ni' ry frcneh AIntiqic







r dr. U L ......I . Id'I LIDS Wh W N Iolr
r , Tpi s,, U le knuM rd iX r u

This is an adorable pair of armshaks made from solid
beech wood at the end of the 19th ceuiury.
Each lealzinir an eleganlly simple frame adorned
wihtwihistd ribbon patterns and supparted by a lovely set
of 4 nicely lumed fluted legs
Circa itelBBO0
Price:$SCO.O00 pair
w.wCalyp5o-2Iopa.c1od


THE AIRPORT AUTHORITY


THE AIRPORT AUTHORITY


TENDER FOR SALE


I. Bids are invited for (2) two 2007 SUV 240OCC
Chery Tiggo Jeeps registration number 191304
serial no, LVVDB243X7DI))7b25 and registration
number 191305 serial no. LVVDB2B1I7DO07826.
Inspectioln and vie iig of vehicle may be done at the
Security Office (localed in the former Police Station
at Lyndcn Pindling International Airport) bcIv cen the
hours of 9:00a.m.-4:(-Wp.m.
Monday thru Friday up to November 6, 2009.
2. Bids must be submitted in sealed envelopes addressed
to the undersigned and ihe en%,elope must specify
'BID FOR VEHICLES". The Airport Authority re
serves the right to reject and/or not specifying "BID
FOR VEHICLES" . Faxed bids will NOT be
considered.
3. The Airport Authority reserves the right to reject any
and all bids without stating and reasonss.
4. Bids should be received no later than 5:00p.m. on
Novcmberl 3.2(N19. Bids received after deadline will
not be considered.
5. There will be an opening of bids at 10:00a,m,.


Acting General Manager
The Airport Authority
Lynden Pindling International Airport
P.O. Box AP59222
Nassau, Bahamas


BUZUEI


We Take


Any Trade-ins


SWI= T
So, you want everything in life.
Why not? k's quie alright to be a bic greedy when it comes co
the Suzuki Swift. Fun, funky, and yes, practical. All rolled
into one tight package.With its nimble moves and handling,
you'll jump right into a whole new world of exhilaration.
Watch out, you may have friends out the door asking you for
a ride. Or the keys, Suzuki Swift.Just what you needAnd want.

Price includes rmatproufing, licansi n g and ins~fction lo bi rthdao, full tank of fuel,
24,000 miles/24 months wrreanly and emergency roadside assistance.

QUALITYA

A LIMITED
# 1 AUTO DEALER IN THE BAHAMAS
EAST SHIRLEY STREET * 322-3775 - 325-3079
Viril our ihawramd il Que lity Aul Salc2t IFriapari Ltd for mi miliaf dals, Queem H -.w, 1 52.6122
or Aboca Mwtor Mall. Dan MacKay, BI o, 367.2916


I ODSUSSOISO HSIPAGE LG ON0T WWW.TIBUE22CO0


THE TRIBUNE


T1~7


Camperdown Riding Club

ANNWNAL HORSE SHOW



SFgw - A dm iifeian
f-* Cooe-rirW on Satwrlfce airJi lmaero.6
4WJoac frkirmwr.riplrth ei*jf..rIw4 jt1
-- * Pmi.IE IXKX IFA WMISTR. lTI V
S" For Mne infm-ni CAI 34.-6
�* ------ M ^ �wh~ rt> .


Lj~. I


INSIGHT

For stories behind news,
read IIsighlf Mondays


UoI


BUSINESS


I


I






+>


PAGE 4B, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


United States set to hit


Two Mortgage

Specialists
The successful candidates should possess the following
qualifications:
* AICB or ABIFS or degree in Banking or a related field
would be an asset
* Five or more years banking experience
* Previous experience in portfolio and liability
administration would be an asset
Key Skills:
Strong Negotiating/Selling
Leadership & Coaching
Relationship Building
Impact & Influence
Ability to manage multiple priorities
Demonstrated written and verbal communication skills
Proficiency in Microsoft Office
Ability to make sound credit analysis
Responsibilities include:
* Contributing to meeting team sales plans by acquiring
and growing profitable client relationships
* Providing customized solutions and financial advice
designed to satisfy the client's long-term goals on
obtaining a mortgage
* Seeking out new clients by developing relationships
within the community and local centres of influence
* Enhancing the experience of existing clients by
providing accessibility and one-on-one advice and
valuable information on the intricacies of having a
mortgage
* Successfully anchoring clients with the appropriate
delivery channel within RBC Royal Bank of Canada
A competitive compensation package (base salary &
bonus) commensurate with relevant experience and
qualifications is offered.
Please apply before November 6,2009 to:
Regional Manager
Human Resources
Caribbean Banking
RBC Royal Bank of Canada
Bahamas Regional Office
East Hill Street
PO. Box N-7549
Nassau, N.P., Bahamas


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


By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) -
The Treasury Department
now expects to hit the gov-
ernment's debt limit in


December, two months later
than its initial estimate, after
scaling back an emergency
loan program as the financial
crisis abated.
Treasury Department offi-
cials said Wednesday they're


LEGAL NOTICE


NOTICE
Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice
is hereby given that:-

(a) QUICKSTART INC. is in dissolution;
(b) The date of commencement of the dissolution is
the 6th day of October, A.D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.


C.B. Strategy Ltd.
Liquidator



LEGAL NOTICE


NOTICE
Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice
is hereby given that:-

(a) ZHIRVINGO LTD. is in dissolution;

(b) The date of commencement of the dissolution is
the 6th day of October, A.D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.


C.B. Strategy Ltd.
Liquidator









kahmas AsrulturaJ Pnt-wutcr A -KLMain

"The Bahamas First Agribusiness Organization"


NOTICE


in preparation for the upcoming
annual general meeting of the


bahamas agricultural


association


(bapa),


producers
scheduled


for november 2009, we take this
opportunity to encourage all
our members and those persons
wishing to become members to
come into the office, 8th terrace,
collins avenue and renew, or
complete, membership applica-
tions to become financial in order
to participate fully in the meeting.


the association is now develop-
ing forward momentum and you
must be financial if you wish to


fully


from the programmes that are
currently planned for its future.

Signed: Irwin G. Stubbs
President


Dated: October 26, 2009


working closely with Congress
to pass the legislation need-
ed to boost the debt ceiling,
currently at $12.1 trillion, and
avoid an unprecedented
default on the nation's debt
obligations.
Treasury also announced it
is ending sales of 20-year
inflation-protected securities
and will offer similar 30-year
securities starting next year.
The government believes the
longer maturity option will be
more popular with investors.
The legislation to increase
the debt limit is expected to
trigger a congressional debate
over the government's soar-
ing deficits, which are pro-
jected to add another $9 tril-


lion to the debt burden over
the next decade.
The government initially
estimated the debt ceiling
would be hit last month, but
in September it reduced one
of the many emergency bor-
rowing programs to $15 bil-
lion, from $200 billion. That
cleared more room for the
government's other borrow-
ing needs.
Congress still faces the need
to boost the debt limit by
around $1 trillion. Some sen-
ators have said they will not
support that action unless it
is linked to the creation of a
commission that would force
SEE next page


LEGAL NOTICE


NOTICE
Pursuant to the provisions of Section 137 (4) (a), (b) and
(c) of the International Business Companies Act, 2000, notice
is hereby given that:-
(a) PROMNUTT LTD. is in dissolution;

(b) The date of commencement of the dissolution is
the 14th day of October, A.D., 2009 and
(c) the Liquidator is C.B. Strategy Ltd., of 308 East
Bay St.


C.B. Strategy Ltd.
Liquidator


















$285,000 ob*



herlley2@ beii Tui neet


ROAD TRAFFIC

DEPARTMENT.


I hereby advise that all
persons/companies who have


not registered
Trial plates for
2010 to come
their plates by
2009.


their (OT), On
the year 2009/
in and register
December 31,


Failure to have


plates


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


THE INSURANCE COMMISSION OF
THE BAHAMAS

EMPLOYMENT OPPORTUNITY
Analyst
The newly formed Insurance Commission
(a statutory corporation) is seeking analysts to
assist with the on-site and off-site examination of
insurance companies and intermediaries.

Responsibilities
* Reports to the Chief Analyst/Superintendent
* Responsible for the supervision of other
analysts /directly responsible for the
examination of licensees to ensure that licensees
are compliant with prudential requirements
through on-site and off-site examinations
* Prepare/vet the preparation of examination
reports
* Prepare/vet/approve on-site/off-site financial
analysis, letters and other correspondence as
necessary
* Ensure that licensees databases are maintained
* Supervision of other analysts/directly
responsible for the assessment of new
applications for licensees
* Contributes to the refining of supervisory
methodology, policy development and the
formulation of new/revised legislation and the
related guidelines
* Provide advice and information to licensees and
the wider public regarding complaints and
questions about licensees' performance

Qualifications/Skills
* Professional Accountant / MBA in accounting /
Certification in Insurance/ experience in the
insurance industry
* Financial analysis skills
* Excellent leadership, communications,
teamwork and organization skills
* Proficient in Microsoft office products to
intermediate level
* Ability to work independently and multi-task
* Excellent written and oral communications
skills
* Knowledge of insurance industry an asset

Compensation
* A competitive compensation package
commensurate with relevant experience and
qualifications.

Deadline
* 13 November 2009
* Application including comprehensive resume to
be submitted by e-mail addresses to:
onric@bahamas.gov.bs


participate in, or benefit


regularize would result in a
recall of all delinquent plates,
in . accordance with the Road
Traffic Act Chapter 220 Section

33.


CONTROLLER


ILm P IiOTICE.







+


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 5B


debt limit next month


Congress and the administra-
tion to take credible action to
restrain soaring deficits.
The administration has said
the current record deficits are
needed to get the country out
of a deep recession and stabi-
lize the financial system, but
that the President Barack
Obama will put forward new
proposals to trim future
deficits when he sends his
next budget to Congress in
February.
For the budget year that
ended on Sept. 30, the feder-
al deficit hit an all-time high
in dollar terms of $1.42 tril-
lion. As a percent of the total
economy, it stood at its high-
est level since the end of
World War II. The jump
reflected the massive spend-
ing from the $700 billion
financial bailout fund and the
$787 billion economic stimu-
lus package designed to get
the country out of the longest
recession since the 1930s.
"Deficits of this size are
serious and ultimately unsus-
tainable," White House bud-
get director Peter Orszag said
in a speech Tuesday.


The deficits are making it
harder for the administration
to extend politically popular
stimulus programs, such as
support for the unemployed
and the tax credit for first-
time homebuyers, without
greatly increasing the size of
future deficits.
In its announcement
Wednesday, Treasury said it
decided to move to 30-year
inflation protected securities,
known as TIPS, because it
believe the longer maturity
would be more popular with


investors. Treasury also offers
TIPS in five- and 10-year
maturities.
The value earned by an
investor on a TIPS bond fluc-
tuates with changes in the
consumer price index, giving
investors protection that the
value of their bonds will not
drop if inflation accelerates.


Treasury also announced
that it will raise $81 billion in
its quarterly refunding opera-
tions next week including $40
billion in three-year notes to
be auctioned on Monday, $25
billion in 10-year notes to be
auctioned on Tuesday and
$16 billion in 30-year bonds
to be auctioned on Thursday.


Expert proof-reading, editing or typing of
your Business Documents,
Reports, Term Papers or Essays

Ideal for businesses or college students

Tel: 394-2078
or email: laurels2003@yahoo.com







Jobs Amilable











HanIdarmbition tosucceed.
^^^^^^^^ Fax reu^ m e to 393-5102 ^^^^^^^

forimediteconidraton


Sheraton
Nassau
BE ( H RE-ORT


F.'i., ji vmm ff I

SAT. NOVEMBER 7, 2009 QJ. SPORT CENTER. NASSAU
V.U.P: $50-00 IN ADVANCE I PLATINUM: $150.00 | SKY BOX (AVAILABILITY)
TICKrT5 THE Uill OiX SK BOX CONTACT [NFO: 242-3-2474

a,4Y EU MD
Si^H ^~^~ AC qql, HAM iDrR I


N N U


Sunday Afternoons are

Better when Shared


Treat the family to Sunday Brunch
at Sheraton Nassau Beach Resort

Every Sunday, Noon to 4pm
Bimini Market


$28
adults


$14
children
12 & under


Down-Home Red Beans and Rice
Bahamian-Style Cheesy
Macaroni and Cheese
Spanish Wells Fried Fish Fillet
with Spicy Tartar Sauce
Conch Chowder


Brunch includes one glass of wine or cider


Spg-
Starwood
Prefenrred
Guest


Free
children
5 & under

Pearls of the Bahamian
Sea-Grilled Mahl Mahl
Bahamian Fried Chicken
Conch-Fried Rice
Pineapple Upside-Down Cake
Guava Duff


Ask about our
special Bahamian
room rates from
1 1 9 per night
* plus tax and
L 9 gratuities


Check your
mail for dining
discount cards
coming soon!



.1--et Sher-atonl


SE w
ST REGIS HOTELS


ITDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22CO0


T1~7


POSITION WANTED

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

MANAGER ACCOUNTS & ADMINISTRATION

Applicants should have a BA Degree or a CPA,
ACCA, CA qualification or equivalent qualification.

The successful candidate will be responsible for all
financial and Administrative aspects of the company
and ensuring compliance to established company
policies and procedures.

The ideal candidate should:
* Have a minimum five years experience in a
similar environment.
* Have experience in compiling financial
statements.
* Be able to prepare budgets and financial
reports for upper management.
* Have experience liaising with banking
officers, auditors and insurance agents.
* Be able to drive the administrative arm of the
company including computer systems.
* Be able to communicate effectively with all
levels of management and staff.
* Have a proven track record of meeting
deadlines.
* Be proficient in Excel and Quickbooks.
* Ability to communicate with international
franchisor and travel as necessary.
* Be a team leader and able the multi task.
* Posses integrity, excellent motivational skills
and assertiveness

The position offers an excellent remuneration and
benefits package.

Interested person should submit your resume to:

The Managing Director
P.O. Box N-623
Nassau, Bahamas
Fax (242) 328-4211


Sales Jobs




A New Jewellery Store
is OPENING on Bay Street

and we are looking for some energetic and outgoing
individuals to join the sales team immediately.

Experience with jewellery is a plus but we are willing
to train non-experienced people who have the right
attitude and personality.

Salary plus generous commission plan.
Fax resume to 393-5102
for immediate consideration.


6MERIDIEN IlOFit THE LUXURY COLLECTION WESTIN FOURkPOINTS


I


IFrhote3reervtos cll37-00EriitBErat3!!o/nasa33







+


PAGE 8B, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


Rum Cay marina


ute resolved


THE dispute over owner-
ship of Rum Cay's Sumner
Point Marina has been
resolved, it was said yester-
day, the two warring parties
announcing in a statement that
they would work together for
"the betterment of the entire
island".
Montana Holdings, devel-
oper of the $700 million Rum
Cay Resort Marina, which
acquired Sumner Point Mari-
na several years ago, had been
in dispute with former owner
Bobby Little, who had alleged
they had failed to pay him the
full purchase price and not
met the terms of their trans-
action. This was denied by
Montana Holdings.
"More than two out of
every three local residents on
Rum Cay is dependent direct-
ly or indirectly on the Sumner
Point Marina," said Michelle
Curtis, director of operations
for New England Marine Ser-
vices, which had been oper-


A VIEW of Sumner Point Marina, Rum Cay...


ating the marina for close to
two years.
"It is not merely the main
economic driver, it is the
lifeblood of the island and it
would be unconscionable for
either of us to allow our busi-


ness differences to cause peo-
ple to suffer, so for the bet-
terment of the entire island,
we are pleased to announce
that Montana Holdings,
through its associate compa-
ny, New England Marine Ser-


vices, and Robert Little and
family have put our differ-
ences aside officially with an
agreement signed today."
According to the terms of
the agreement, management
will revert to Mr Little, with


the full support of New Eng-
land Marine Services, while
the agreement for sale will
continue in place.
"Although this was aired
quite publicly, which is unfor-
tunate because it makes it
appear personal, the reality is
that both parties, New Eng-
land Marine Services, Mon-
tana Holdings and my family,
are part of a bigger picture of
what has transpired all over
the world," said Robert 'Bob-
by' Little. "The state of the
global economy and the lim-
ited funds available for for-
eign investment took their toll
around the world.
"Rum Cay and Sumner
Point Marina, the main
income producer for the
island that was in the process
of being sold, were caught in
that conundrum.
"I am appreciative of the
improvements that Montana
and New England Marine
Services have made, and I


believe that there is enough
flexibility in the agreement
that both parties will be satis-
fied their interests are being
protected while knowing that
each has worked out a way to
work together for the best
outcome for the people of
Rum Cay."
The marina that recently
earned Ministry of Tourism
approval for a hotel licence
provides dockage, fuel, beach-
side accommodations and a
popular restaurant and bar.
Visitors have access to wire-
less Internet, air-conditioning,
satellite TV and other ameni-
ties.
Both parties said they
mutually wanted to settle
their differences before the
start of the busy season, not-
ing that Thanksgiving was
usually very active for the
island in the southern
Bahamas, known for its fish-
ing, diving, striking scenery
and laid-back atmosphere.


Bahamas financial group's 'first step' in regional growth


FROM page 1B

made possible by the $2.5 mil-
lion investment made in
British American Financial's
infrastructure, computer sys-
tems, product development
and staff since BAF Global
Group acquired the business
in February 2007.
Some $1.2 million had been
invested in British American
Financial's IT systems, includ-
ing an insurance database sys-
tem with the capacity to han-
dle 300,000 policyholders.
With some 10,00-12,000
policyholders, $30 million in
assets and $500 million in life
insurance coverage in force,
Mr Cooper said that when
added to BAF Global
Group's Bahamas interests,
British American Insurance
Company (Cayman) would
create a group with "well
over" $100 million in assets.
British American Financial


had "just under" $100 million
in assets in the Bahamas, and
Mr Cooper said that Bahami-
an and Caymanian operations
combined would give the
group "close to 100,000
clients" and policyholders.
He added that when BAF
Global Group acquired
British American Financial in
the Bahamas in 2007, it inher-
ited 80,000 clients, implying
that its Bahamian client base
had grown by around 10,000
since then to around 90,000.
The Caymanian deal accounts
for the rest.
BAF Global Group's Cay-
manian acquisition and
expansion has been made
possible by the well-publicised
difficulties of British Ameri-
can Insurance Company
(Cayman's) parent, Trinidad-
based CL Financial, which
also owned CLICO
(Bahamas), the insolvent
Bahamian life and health


insurer now in court-super-
vised liquidation. Although
the purchase price was not
publicised yesterday, it seems
likely that BAF Global
Group purchased a relative
bargain.
"Cayman was always top of
the charts in terms of where
we wanted to go with region-
al and international expan-
sion," Mr Cooper told Tri-
bune Business. "British
American's Cayman branch
happened to be an opportu-
nity to get into the market,
and at significant size, [so] we
took the decision to do the
acquisition.
"It is our strategy to con-
tinue expanding regionally
and internationally.... It's the
first step in our regional strat-
egy. There are a lot of bene-
fits with respect to the busi-
ness itself, and a lot of syner-
gies can be created between
the business here and the


business in the Bahamas.
Really, it was an excellent fit."
John Wilson, the McKin-
ney, Bancroft & Hughes
attorney and partner, and an
investor/shareholder in BAF
Global Group, told Tribune
Business: "This is the first step
outside the Bahamas, and the
onset of the realisation of our
aspirations to become a truly
global company.

Cayman

"We thought the Cayman
Islands were a natural fit for
our expansion goals, and we
that the current crisis amongst
the CL Financial entities real-
ly presented some opportuni-
ties for anyone who was bold
enough to step in."
British American Insurance
Company (Cayman) had a
"core business" and products
and services that were simi-
lar to British American Finan-


cial's traditional strengths, Mr
Cooper said, and also had a
strong presence in pensions -
mandatory in Cayman - and
health insurance.
Mr Cooper described
British American Insurance
Company (Cayman) as "one
of the crown jewels" in the
British American empire that
extended throughout the
Caribbean, and the compa-
ny's purchase had been
approved by all the relevant
regulators in both Cayman
and the Bahamas, including
the latter's Insurance Com-
mission, Central Bank of the
Bahamas and Supreme Court.
When asked by BAF Glob-
al Group had decided to
embark on an
expansion/acquisition strategy
at a time when most compa-
nies were adopting a conserv-
ative stance due to the global
recession, Mr Cooper replied:
"We have a long-term view


on business. The economy is
cyclical, and the one thing we
have always realized is that
recessions are sometimes
good for business opportuni-
ties.
"We have been very delib-
erate in terms of what we
acquire, and we wanted to
wait for the right opportunity.
We found this to be the right
opportunity, and because
we've managed the opera-
tions in the Bahamas very
prudently we've been able to
take advantage of this partic-
ular opportunity at a time
when others might be hurt-
ing.
"We're in business for the
long haul. We see this as a
strategic fit for our business,
and an opportunity to expand
regionally and globally. Our
Board was able to respond
very quickly, make the deci-
sion and make the invest-
ment."


"'Rewrding. My work at Thle Tribune is creative and challeigirng. I enjoy

contributing to the look of our newspaper, while meeting the needs of

our adverrisers, I enjoy working here. The Tribune is my newspaper."


TODSCUS STOIS ON THI PAGE LOG ONTWRIUE4.O


BUSINESS I


oww


Nr 4M. xlp�.







+


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 9B


US rates likely to stay at record low


By JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) -
Faced with lurking dangers to
the budding recovery, Feder-
al Reserve policymakers are
sure to leave a key interest
rate at a record low to entice
Americans to spend more and
help the economic turnaround
gain traction.
The economy started to
grow again last quarter for the
first time in more than a year,
although there are uncertain-
ties about the strength and
staying power of the recov-
ery, especially after govern-
ment supports are removed.
Fed Chairman Ben
Bernanke and his colleagues,
wrapping up a two-day meet-
ing Wednesday, are likely to


note the country's economic
and financial improvements.
But they'll also warn that ris-
ing joblessness and hard-to-
get-credit for many people
and companies will restrain
the rebound in the months
ahead. Troubles in the com-
mercial real estate market,
where soured loans are con-
tributing to bank failures, also
remain a concern.
At its last meeting in late
September, the Fed opted to
stretch out into early next
year a key program aimed at
forcing down mortgage rates
and providing support to the
housing market. The central
bank isn't expected to veer
from that course Wednesday.
Wanting to nurture the
recovery, the Fed is widely
expected to keep the target


range for its bank lending rate
at zero to 0.25 percent. If it
does, commercial banks'
prime lending rate, used to
peg rates on home equity
loans, certain credit cards and
other consumer loans, will
stay at about 3.25 percent, the
lowest in decades.
"I don't think there is con-
fidence at this point that the
economy is firing on all cylin-
ders by itself," said Bill
Cheney, chief economist at
John Hancock Financial Ser-
vices. "It is not ready to be
weaned off the extra fiscal
and monetary support."
Against that backdrop,
many economists predict the
Fed will maintain a pledge to
keep rates "exceptionally
low" for an "extended peri-
od." The hope is that super-


I . . I
1; fal Esta ^te
LIa. BAMS 'flifflBfin Uff lO'Bgpf~fM i mmmitn 1. nPd


low rates will spur consumers
and businesses to spend more,
supporting the recovery.
The Fed has leeway to do
this because inflation has
been low, economists said.
"The central bankers in the
U.S. and Europe are consid-
ering the exit strategies," said
Sung Won Sohn, economist
at California State Universi-
ty's Smith School of Business.
"Even the thought of an exit
strategy could spook the
financial markets and raise
the bond and mortgage yields,
hurting the economy."
Still, there are differences
of opinion within the Fed
about when it might need to
start boosting rates - and
how aggressively - to fend
off inflation.
Inflation hawks, including
the presidents of the Fed
banks in Dallas, Philadelphia
and Richmond, worry more
about super-low borrowing
costs and other special sup-
ports driving prices higher.
But waiting too long could
touch off inflation.
If the recovery takes hold,
many analysts think the Fed
could start to raise rates in
the spring or summer.
Bernanke and other Fed offi-
cials would try to prepare
investors, businesses and ordi-
nary Americans of a shift in
stance well in advance of any
upcoming shift in stance. One
clue would come when the
Fed opts to drop its "extend-


ed period" language, analysts
said.
Whenever the Fed starts to
boost rates, unemployment
likely will still be high, ana-
lysts said. The worst recession
since the 1930s caused com-
panies to slash jobs and other
costs to survive. They won't
ramp up hiring until they are
confident the recovery is
entrenched.
The unemployment rate -
now at a 26-year high of 9.8
percent - is expected to keep
rising, Bernanke and other
Fed officials have said. Econ-
omists predict it will hit 9.9
percent when the government
releases the latest snapshot
on employment conditions on
Friday. It could rise as high
as 10.5 percent around the
middle of next year before
declining gradually, analysts
said.
Beyond rates, Fed officials
in September were conflicted
over whether to expand or cut
back a program intended to
drive down mortgage rates
and prop up the housing mar-
ket, according to minutes of
the closed-door deliberations.
They ultimately agreed to
slow down the pace of a $1.25
trillion program to buy mort-
gage securities from Fannie
Mae and Freddie Mac, wrap-
ping up the purchases by the
end of March instead of at
year-end. So far, the Fed has
bought $776 billion of mort-
gage securities.


The central bank was not
divided over another part of
program to buy $200 billion
worth of Fannie and Freddie
debt. It has bought $141.6 bil-
lion so far.
The Fed's efforts have
helped lower mortgage rates.
Rates on 30-year loans aver-
aged 5.03 percent, Freddie
Mac reported last week, down
from 6.46 percent last year.
Meanwhile, the Fed is mov-
ing quickly on plans to police
banks' pay policies to dis-
courage reckless gambles by
executives, traders, loan offi-
cers and other employees.
The nation's top 28 banks
face a Feb. 1 deadline for sub-
mitting employee compensa-
tion plans to the Fed. The Fed
isn't setting compensation, but
it will have the power to reject
pay plans - and call for
changes in them.
The Fed also will be
encouraging - though not
requiring - banks to revise
this year's pay plans if they
are significantly out of step
with principles the Fed has
recently proposed to discour-
age excessive risk taking.
Elsewhere, the British gov-
ernment on Tuesday moved
to break up two major banks
- Royal Bank of Scotland
and Lloyds Group - that
have been bailed out by tax-
payers. At the same time, the
government injected more
public cash into them.


-V inLvet iv n .e c


NOVEMBER 13 & 14

(FRDAY & SATURDAY)


IT'S GONNA BE





FAMTABULOUSl


ITDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22CO0


K


BAHAMAS OIL REFINING COMPANY LIMITED
VOPAK TERMINAL BAHAMAS

CHIEF FINANCIAL OFFICER

A vacancy exists within the Finance Department for a Chief Financial Offi-
cer. The Chief Financial Officer reports to the Managing Director. He/she is
responsible to assist in strategic planning, the development and pricing of
new products, services and determination of financial capital requirements.
Analyze and interpret financial information required by the Managing Direc-
tor and Executive Management in order to make sound business decisions and
to bring the financial organization, processes, policies and reporting practices
to a level of sophistication appropriate to a leading world-class company. The
Chief Financial Officer functions as part of the senior management at the busi-
ness unit level, interacting with various departments, provide financial leader-
ship, oversight for company-wide accounting policies, control and procedures,
and ensuring the consistent application of International Accounting and Finan-
cial Reporting Standards and corporate policies throughout the organization.

The successful candidate will be required to:
* Support the Managing Director in financial assessment of new business
development and implementation of internal controls.
* Conduct monthly business performance reviews.
* Supervises all accounting, treasury and financial matters including
general accounting financial reporting, budgeting, capital funding,
financial systems, and merger and consolidation accounting.
* Ensure that the financial organization is designed and staffed with the
appropriate skills in order to maintain the integrity, accuracy and the
timeliness of financial reporting.
* Provide independent and objective appraisals of the Company's business
and function to ensure that they are operating with effective internal ac
counting controls.

The Chief Financial Officer must have a strong technical and analytical back-
ground with an understanding of IAS or US GAAP accounting and reporting
standards. He/She must have the ability to set and manage priorities, meet dead-
lines within compressed timeframes and handle multiple tasks simultaneously.
He/She must have a successful track record in partnering with line management
to develop strategic and operating business plans, effective systems of control
and metrics for a dynamic global business. Some travel required. Strong com-
munication and managerial skills are essential.


Education:
* Bachelor's degree in Accounting or Finance
* Master's degree in business, a plus


Licensing/Certification:
* CA or CPA a must

Experience:
* 10 - 15 years of relevant accounting and reporting experience at a senior
level
* Experience with business planning and budget preparation
* Experience in treasury function activities: bank relationships, revolver
and cash management
* Experience in reporting to lenders under credit agreements
* Experience in developing and improving internal control systems
* Experience in external or internal auditing
* Supervisory experience of multiple tasked department
* Experience in partnering with line management
* External reporting experience
* Experience in the energy industry, preferred


Applications should be submitted to the:
Managing Director
Bahamas Oil Refining Company International Limited
Dba Vopak Terminal Bahamas
P. 0. Box F-42435, Freeport, Grand Bahama
On or before November 6, 2009


^UI T'he HMri^^^^^B


... .... ... ..







+


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 11B


'Hold the line' over public sector wages


FROM page 1B

In turn, these costs were often
passed on to consumers,
fuelling price inflation for the
Bahamian public and poten-
tially delaying economic
recovery.
Turning to the IMF's infla-
tion projections for the
Bahamian economy, Mr
Winder told Tribune Busi-
ness: "Both figures are likely
to be impacted by the union
negotiations the Government
is going to get involved in.
"To the extent the Govern-
ment has to respond to these
negotiations, we will have
inflation, but it will be infla-
tion that is internally gener-
ated. To the extent we can
hold the fort we will be OK,
but if the Government gives
in over these negotiations,
you're going to see some
increases in costs to the aver-
age Bahamian through enti-
ties the public has to use."

Inflation

Describing wage-driven
inflation as a "big threat" to
the Bahamas' supply-side eco-
nomics and economic recov-
ery, especially given its rela-
tively low worker productivi-
ty, Mr Winder said the Gov-
ernment was likely to face
two to three industrial agree-
ment negotiations per year.
Apart from UTEB, talks with
the nurses are also due to
reconvene at some stage.
"To the extent that only
one of these came up, that
could further exacerbate the
situation and further delay the
recovery for the Bahamas in
terms of its ability to attract


foreign direct investment as
things improve," Mr Winder
said.
Apart from the inflation
issue, the senior accountant
added that increased public
sector wage settlements
would also increase the pres-
sure on the Government's
finances and their ability to
meet these higher payments.
"The Government's rev-
enues are down more than
they expected, and it creates
challenges for the Govern-
ment to meet those commit-
ments, as they have to bor-
row more than anticipated,"
Mr Winder explained to Tri-
bune Business.
"The likelihood is that rev-
enues are going to be down,
because the level of activity
is down, as individuals are not
purchasing in the same quan-
tities as they did two to three
years ago.
"To the extent revenue is
challenged, the Government
is going to find itself chal-
lenged in how it responds to
[the demands] of union
groups."
Mr Winder added: "The
message is simply that we
should understand we need
to hold the line, and not
expect government to be in a
position to entertain contracts
where they give them more
than they were making
before.
"The more pressure you
put on the Government, the
more pressure you put on the
public finances by forcing the
Government to borrow more
than they need to do." This,
the accountant said, had
implications for both the fiscal
deficit and the Bahamas'


Legal Notice
NOTICE
WINTER THORPE INC.





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




ARGOSA CORP INC.
(Liquidator)


Legal Notice
NOTICE
L T LO INTERNATIONAL LTD.


- t-

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




ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE
YANI INVESTMENT GROUP LTD.


- t


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




ARGOSA CORP. INC.
(Liquidator)


debt-to-GDP ratio, which is
soon likely to hit the 50 per
cent barrier.

Critical

And the critical component
in any public sector industrial
agreement talks will be for
the Government to insert a
clause linking pay to worker
productivity, Mr Winder
explained.
Describing it as "the big
question", he said: "If the
Government finds itself in a
position where it has to yield,
it ought to ensure that what it


agreed to is tied to productiv-
ity."
Rather than just base pay
rises on seniority and years of
service, Mr Winder said: "The
Government should make
these various entities more
accountable for the monies
they are receiving out of the
general purse. How has the
general Bahamian public ben-
efited from current salary
increases, and if we give more
in the future, how are we
going to get more productivi-
ty?
"It's only through increased
productivity that we will keep


The Public is hereby advised that I, VERNITA MINNIE-LEE
HANNA intend to change my name to VERNETHA MILDRED
HANNA GILBERT. If there are any objections to this change
of name by Deed Poll, you may write such objections to the
Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas no
later than thirty (30) days after the date of publication of this
notice.




NOTICE is hereby given that DEMCEY ALINGTON MARTIN
of FLORIN DRIVE #4, 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 5th day of November, 2009 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Freeport, Bahamas.


Legal Notice
NOTICE
SIVA OCEAN LTD.





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




ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
UCKFIELD LTD.





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




ARGOSA CORP INC.
(Liquidator)



Legal Notice
NOTICE
ELGIN VENTURES LTD.





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




ARGOSA CORP. INC.
(Liquidator)


the further costs of doing
business in the Bahamas
down."
Mr Winder told Tribune
Business that wage levels in
the Bahamas were "out of
line" with the "unit costs of
productivity" and output,
which were higher than most
competitors.
"While in other jurisdic-
tions salaries might be higher,
the unit cost of productivity
in the Bahamas is higher than,
for example, Cayman and
Bermuda. The person may be
making more, but the output
per person is where we are


getting hit.
"The salary costs are not
out of line, but that is not
what we should be compar-
ing; it is what we are getting
for that salary's cost. We are
out of line there."
Mr Winder identified the
publicly-owned utility com-
panies as "the real big dri-
vers" of costs and wage infla-
tion, and said the Govern-
ment needed to be careful
about "trend-setting". Once
it gave into one union, others
would demand the same
treatment when their own
negotiations commenced.


NOTICE is hereby given that Jason Jeremie of Marathon
Estates, P.O. Box SS 5807, Nassau, The 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 5th day
of November, 2009 to the Minister responsible for nationality and
Citizenship, P.O. Box N-7147, Nassau, Bahamas.





NOTICE is hereby given that ROSELAINE PETIT-HOMME of
EIGHT STREET GROVE of ROBINSON ROAD, 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 5th day of November, 2009
to the Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.



Legal Notice
NOTICE
HARVEST VENTURES LTD.





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




ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
ORMSKIR VENTURES LTD.





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




ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
TEMUCO FUTURES LTD.





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




ARGOSA CORE. INC.
(Liquidator)


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O







+>


PAGE 12B, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


Health care delay causes





further Obama problems


By CHARLES
BABINGTON
Associated Press Writer
WASHINGTON (AP) -
Delay is rarely good for politi-
cians trying to pass legislation.
The possibility that Congress
might not complete action on
a major health care bill this
year is another frustration for
President Barack Obama and
his allies.
Even if it doesn't sink the


IF--


health care effort, a delay
would raise new uncertainties
and push other domestic pri-
orities further back. It also
would give opponents a
chance to pick off nervous
Democratic lawmakers eye-
ing their November 2010 re-
election campaigns.
Even some House Democ-
rats with safe seats don't like
the idea of voting on a con-
tentious bill until it's clear that
the Senate will follow suit.


GN-946








GOVERNMENT NOTICE


MINISTRY OF THE
ENVIRONMENT

Sale Of Lots In Area Immediately West
Of Blackbeard's Terrace Subdivision

It has been brought to the attention of the Ministry
of The Environment that lots have been offered
for sale to the public in a 16.704 acre tract of land,
situated immediately west of Blackbeard's Terrace
Subdivision. Please note that there is no approval
of this Subdivision as required under the Private
Roads and Subdivision Act.

The public is strongly advised to make enquires
at the Ministry of The Environment before
purchasing lots in the subject area or in any
subdivision where the seller is unable to provide
the prospective buyer with a copy of a plan stamped
approved for sale of lots by the Ministry of The
Environment.

Signed:
Ronald W. Thompson
Permanent Secretary


I a


Adding to Democratic
unease were losses in guber-
natorial races in Virginia and
New Jersey on Tuesday, with
independent voters flocking
to the Republicans. The
results could force House
Democrats in competitive dis-
tricts to think twice about
Obama's agenda, including
health care.
House Speaker Nancy
Pelosi, D-Calif., dismissed
that notion Wednesday,
focusing instead on the par-
ty's win in two congressional
special elections.
"From our standpoint ... a


candidate was victorious who
supports health care reform,
and his remarks last night said
this was a victory for health
care reform and other initia-
tives for the American peo-
ple," she said. "So from our
standpoint we picked up votes
last night, one in California
and one in New York."
Obama has swallowed one
disappointing postponement
already this year, when the
House and Senate failed to
move separate bills before the
August recess. Opponents
used that lull to rip into the
proposed health care changes


in raucous public forums.
Democrats are unlikely to
be caught off guard again if
the legislative battle goes past
the Christmas-New Year's
break. But any delay gives
opponents more time to orga-
nize and campaign.
The new questions were
raised Tuesday when Senate
Majority Leader Harry Reid,
D-Nev., told reporters in the
Capitol that he couldn't
promise a health care pack-
age will pass this year.
"We're not going to be
bound by any timelines,"
Reid said. "We're going to do
this legislation as expedi-
tiously as we can, but we're
going to do it as fairly as we
can."
A couple of hours later,
Reid spokesman Jim Manley
issued a more upbeat state-
ment.
"Our goals remain
unchanged," Manley said.
"We want to get health insur-
ance reform done this year,
and we have unprecedented
momentum to achieve that.
There is no reason why we
can't have a transparent and
thorough debate in the Senate
and still send a bill to the pres-
ident by Christmas."
White House officials
played down Reid's com-
ments.
"We're moving on the same
timeline," said spokesman
Reid Cherlin. "The House
plans to vote on the health
reform bill within days, and
as Sen. Reid said today, he
shares the White House's
commitment to passing mean-
ingful reform by Christmas."
Cherlin said senators will
move swiftly once the non-
partisan Congressional Bud-
get Office finishes its review
of Senate proposals.
Any setback for Obama


BARACK OBAMA


and the Democrats would
raise troubling memories of
President Bill Clinton's fail-
ure to enact health care legis-
lation in 1993-94 and the sub-
sequent Republican takeover
of Congress.
Senate rules, and ingrained
Senate habits - such as hold-
ing few if any votes on Mon-
days and Fridays - make it
easy for opponents of any leg-
islation to draw out the
process. The bid to revamp
the nation's health care sys-
tem, and insure millions of
people now lacking coverage,
is more complex than most.
Reid is trying to meld por-
tions of two massive bills, one
from the Finance Committee,
the other from the Health,
Education, Labor and Pen-
sions Committee. He is sub-
mitting parts of the plan to
CBO analysts to see if the
Senate can hold the cost to
$900 billion over 10 years, as
Obama has insisted.
Reid eventually will send
the bill to the Senate floor,
where weeks of debate and
efforts to amend it could
ensue. At crucial junctures,
Reid will have to muster 60
votes in the 100-member
chamber to advance the bill.
The House could move a
significantly different bill as
early as this weekend.
Assuming both chambers
pass some version of health
care overhaul, a House-Sen-
ate conference committee
would try to resolve the dif-
ferences. Then both chambers
would vote on the final prod-
uct and, if they approve it,
send it to Obama's desk.
A congressional truism
holds that it's easier to pass
hard-fought legislation in odd-
numbered years. In even-
numbered years, all 435
House seats and one-third of
the Senate seats are up for
grabs in November and some
lawmakers are more reluctant
to cast tough votes.
Lawmakers, especially sen-
ators, also tend to focus on
only one big issue at a time.
As long as health care domi-
nates debate, the Senate is
unlikely to move on other
hot-button issues such as a
massive energy bill, immigra-
tion and a proposal to re-reg-
ulate the financial industry.
Pelosi said House members
know they have a "historic
opportunity to do something
great, and we would hope that
it would be sooner, but I don't
think anybody has a clock
ticking."
But, of course, a clock
always runs on the legislative
calendar. In the Senate, the
tick-tock seems a bit louder.


Share

your

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


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


GN938


Ministry of Agriculture
and Marine Resources

NOTICE


ANIMAL PROTECTION AND CONTROL BILL



andhim B El.


Nh dr iB deIM on kl Gf WIs i w.laharga;b -,s

V a period dStttt'iD wifte � 0o, 20M.





UI KnftM I HW CULTURE.ARINE@ AMai S

nablshdiitttff it.0 mer. F.


GN-949









Ministry Of Finance


PUBLIC NOTICE

RE: Real property tax Surcharge Waiver Notice.
The principal Act is amended by the insertion
immediately after section 21 of the following new
section 21A and 21B respectfully.

Section 21 A Waiver of surcharge.

Notwithstanding section 21, any surcharge which
has accumulated in respect of

* (a) owner-occupies property with a market
value of up to two hundred and fifty thousand
dollars ($250,000.00) shall be waived.

* (b) owner-occupied property which exceeds
two hundred and fifty thousand dollars, shall
be waived if the outstanding real property tax
is paid on or before December 31, 2009: and

* (c) other property, shall be waived by fifty per
cent if the outstanding real property tax is paid
before December 31,2009.

Section 21 B Revival of Surcharge
If after December 31, 2009 any real property tax
remains outstanding in respect of

* (a) owner-occupied property with a market
value of up to two hundred and fifty thousand
dollars ($250,000.00)

* (b) owner-occupied property which exceeds
two hundred and fifty thousand dollars

* (c) other property

The owner of such property, shall be liable to pay a
new surcharge of five per centum (5%) of such tax
per annum.


GN-941













MINISTRY OF FINANCE


SALE BY TENDER

It is hereby notified that the under-mentioned Aircraft has been
decommissioned by the Royal Bahamas Defence Force and will be
sold by tender: -

YEAR TYPE
1978 Cessna 404 - Titan

This Aircraft may be inspected by contacting the Assistant Personnel
Officer, Lieutenant Commander Sean Pinder at the Royal Bahamas
Defence Force Headquarters, Coral Harbour, at telephone number
362-1854 during the hours of 2:00pm - 4:00pm Monday to Friday.

Tender forms for submission are obtainable from the Office of the
Financial Secretary, Cecil Wallace Whitfield Centre, Cable Beach,
Nassau, The Bahamas. Tenders should be submitted in SEALED
ENVELOPES to the Office of the Financial Secretary, Cecil Wallace
Whitfield Centre, Cable Beach, Nassau, The Bahamas.

The face of the envelope should bear the words:-

"TENDER FOR AIRCRAFT"

Tenders submitted with the foregoing should be received by 12noon,
November 13th, 2009.

The right is reserved to reject any or all tenders and the aircraft is
being sold "as is where is"

The successful bidder will, on making full payment assume all risks
for the item sold and for making arrangements for its removal within
seven (7) days after payment.

No guarantee is given as to the eligibility of the aircraft for registration.

Signed:
Ehurd Cunningham
Financial Secretary (Actg)


I







7Th


THE TRIBUNE


THURSDAY, NOVEMBER 5, 2009, PAGE 13B


Regulator to get



increased power


By ANNE FLAHERTY
Associated Press Writer

WASHINGTON (AP) -
The House Financial Services
Committee voted Wednesday
to give federal regulators
more power and money to
police major players in the
stock market, four months
after Bernard Madoff was
sentenced for the biggest
investment scam in history.
The 41-28 vote was the
panel's latest move to try to
rein in abuses on Wall Street.
It would give the Securities
and Exchange Commission
new enforcement powers,
including the ability to offer
bounty money to tipsters on
fraud cases and the power to
bar violators of the law from
employment in any securities-
related industry.
The bill also would double
the SEC's budget in the next
five years.
Rep. Paul Kanjorski spon-
sored the legislation after
leading the panel's investiga-
tion into the government's
failure to uncover Madoff's
massive fraud scheme for
nearly two decades. Madoff
was sentenced in June to 150
years in prison.
"In the last five years,
there's been a significant
change and a greater sophis-
tication in the financial ser-
vice industry than has ever
happened in the history of
mankind," said Kanjorski, a


Pennsylvania Democrat. "So
we're going to have to change
fast."
The proposal was part of a
broader effort by the com-
mittee to tighten rules gov-
erning financial institutions
after last year's market crisis.
The full House was expected
to vote on the bill and related
proposals in early December.
In addition to giving the
SEC more power, the com-
mittee has voted to impose
new restrictions on invest-
ment rating agencies and
require oversight of hedge
funds and other large pools
of private capital.
The panel also wants a new
federal agency dedicated sole-
ly to protecting consumers
from fraud and abuse on
credit cards, mortgages and
other popular financial prod-
ucts.
As the House moves ahead
to overhaul financial regula-
tions, work in the Senate was
just getting under way. Senate
Banking Chairman Christo-
pher Dodd has begun drafting
a bill that would differ from
the Obama administration's
proposal by limiting the pow-
er of the Federal Reserve and
consolidating banking super-
vision into a single regulator.
Dodd, who planned to
meet Wednesday with his
Democratic colleagues to dis-
cuss the matter, was expected
to unveil a draft proposal next
week.


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,~.


--- 4'� ..



NOW FOR WOMEN AND MEN


THE WEATHER REPORT


l INSURANCE MANAGEMENT
S(BAHAMAS) LIMITED
ado INSURANCE BROKERS & AGENTS


S a'l I 1l ; I 1Jill I


. p.. ;


ORLANDO
High:81*F/27*
Low:58�F/14�C
La.


TAMPA
High: 82� F/28* C
Low: 59* F/15�*C
a.
.a-


,a.-,,.'


A2


10-20 knots


KEYWEST
High: 83� F/28� C
Low: 75�F/24�0C
a.


Partly sunny with a Mostly cloudy a Partly sunny with a Some sun, then Partly sunny and
shower shower, windy shower, windy clouds and windy windy
High: 80� High: 78� High: 81�
Hi h: 810 Low: 72� Low: 66� Low: 68� Low: 690
I 85 F I I 69� F 82-620 F I I 78-66 F 74-670 F
The exclusive AccuWeather RealFeel Temperature is an index that combines the effects of temperature, i i....... i ... ... .. 1 I..
and elevation on the human body-everything that effects how warm or cold a person feel' i ...i .. . " ' i i..o I I.


10-20 knots


a.WEST PALM BEACH
High: 840 F/290 C
Low:568*F/20*C
FT. LAUDERDALE
High:84*F/29*C
Low: 70*0F/210C .. "..


.. - ** ,.


a.


a"^


Shown is today's weather. Temperatures are today's
highs and tonight's lows.


MIAMI
High: 840 F/290 C
Low: 700F/21C





8-16 knots


-L

FREEPORT
High: 80* F/27* C
Low: 630 F/170C0




-r


ANDROS
High: 85* F/29* C
Low: 74* F/23* C


* � Cape.Hatteras % N'

Atlanta * Highs. 65rF/18 ' ,ermuda' '
Highs:\68�F/20�C\ .* ar. estF2 NoC ilihs 75�F/24�C
Pensacola( .-*S'n nvanah
� H'ighs:-74F/23�C " Highs: 74�F/23�C
30' Daytona Beach _.
S* Highs: 78�F126�0C
Tampa * Freeport., , ,
Highs: 82oF/28�0C Highs:80 0F/27I20 C
'. . % 3'. \ \ \. , NNN\
Miami . * \ N- \\
25 Highs: 84�F/29�C ,- 0l00 \\\\\\\,
N. . ^ \\, N{'1 -\ ,"~- -lighs:-81.�F/27oC
'. . ;J l H a v a n a ,- - - - ,� "
*,".Highs: 86�F/30� oC
4 S"-- " Santiago de Cuba * *
2 "t - Highs: 85oF/290C
20 '.k * "Port-au-Prince
Cozumel - San Juan
k4 Highs: 85oF129C High: 90F132C Higs: 8731
k. -k * *kHighs:870F/310C
. - k. . " Santa- " - * A ntigu
-.Lpelize - Kingston Domingo An'.tighs:
' 4.Highs: 800F/270C H ighs: 86�F/30�C Highs: 85�FH290C hs
- riv ighs:i8m F
15 k ^5PMThur k k Ba
- ' C a Aruba Cutco4aa Hi
H 4 44. 44_4kkk . Highs: 88W1/31�C
* r. . '^.,^c Dy- . ... -< o -.t Trinid
Manage 5 PM Thur . . - oba
*. ' i-h'' :' 50-v/'- 4C - . 4 * , .H-Ii-hs
41,00"V . N "t4 N 44 Caracas
..ighs:84F/290Cmon i g hs: 84ighs: 913F/331C
44 . ..Highs: 84 F:290C High's: 88�F/31-C 44 ,,

85 80 . k{ 5 70 65 60-


Warm


Cold
-'- -*-r-


Stationary
-& V a -


ABACO
High: 80F/27*C
Low:66*F/19*C -4 ,

.. 8-1(





NASSAU
High:81*F/27�C
Low:720F/22�0C
.L




:;- ,-7-14 knots


A


3 knots


Windy with a shower
possible
High: 820
Low: 70�

S,. .t-.tion, pressure,


Statistics are for Nassau through 1 p m yesterday
Temperature
High 88� F/31� C
Low 73� F/23� C
Normal high 82� F/28� C
Normal low 71 F/22� C
Last year's high 90� F/32� C
Last year's low 81�F/27�C
Precipitation
As of 1 p m yesterday 0 00"
Year to date 32 02"
Normal year to date 46 75"


ELEUTHERA
High: 83* F/28* C
Low: 74* F/23* C
. '. "


AccuWeather.com
Forecasts and graphics provided by
AccuWeather, Inc. �2009


CAT ISLAND
High: 830 F/280 C
Low: 700 F/210*C


GREAT EXUMA
High: 86*�F/30� C
Low:74* F/23* C
- :


Shown is today's
weather. Temperatures
are today's highs and
tonight's lows.


LONG ISLAND
High: 86*�F/30*�C
Low: 71*F/22*0C


DAnnnE IS


01 2 34|5 67891011
LOW MODERATE HIGH V. HIGH IEXT
The higher the AccuWeather UV IndexT number, the
greater the need for eye and skin protection


High Ht.(It.) Low Ht.(It.)
Today 9 07 am 35 241am -01
926pm 26 338pm 01
Friday 9 58 am 34 3 30 am 00
__ 1020 pm 26 431 pm 03
Saturday 1052am 33 424am 01
1120pm 25 527pm 03
Sunday 1151am 32 525am 03
..---- 6 26 p m 04
Monday 1225am 26 633am 04
1254pm 31 728pm 04
Tuesday 1 34am 2 6 744 am 0 6
158pm 29 828pm 03
Wednesday 41 am 2 8 8 55 am 0 6
300pm 28 925pm 01
i I , I T 0 1


Sunrise 6 20 a m Moonrise
Sunset 527 p m Moonset


759 pm
915am


Last New First Full


Nov. 9 Nov. 16 Nov. 24 Dec. 2
SAN SALVADOR
High: 85* F/29* C
Low: 72* F/22*C


AV


6-12 k


- -

CROOKED ISLAND/ACKLINS
High: 89*�F/32* C
l Ain Low:73*�F/23*C


GREAT INAGUA
High: 89* F/32* C
Low: 72* F/22* C
a.. '
-a-m,.


High: 86*F/30� C
Low:5680F/200 C


10-20 knots


a
86�F/30�C

irbados \ \ \ \ -
ghs: 86oF/30oC
ad s"--
go
s:89�F/32�- .
t444444444..
ttt44444444^


9 55,


Showers Rain T-storms Flurries Snow Ice
...... , ^ . - , ,, ,,^,,' ,


nots
MAYAGUANA
Hgh: 86* F/30� C
L.ow: 711F/22�C


V
A86n
8-16 knots


WINDS WAVES VISIBILITY WATER TEMPS.
ABACO Today NE at 8-16 Knots 4-7 Feet 7 Miles 82� F
Friday NE at 15-25 Knots 6-10 Feet 10 Miles 82� F
ANDROS Today NE at 8-16 Knots 1-3 Feet 10 Miles 83� F
Friday NE at 20-30 Knots 4-7 Feet 10 Miles 83� F
CAT ISLAND Today NNE at 6-12 Knots 2-4 Feet 10 Miles 83� F
Friday NE at 12-25 Knots 4-7 Feet 10 Miles 83� F
CROOKED ISLAND Today NE at 8-16 Knots 2-4 Feet 10 Miles 83� F
Friday NE at 8-16 Knots 2-4 Feet 10 Miles 83� F
ELEUTHERA Today NNE at 6-12 Knots 3-5 Feet 10 Miles 83� F
Friday NE at 15-25 Knots 5-9 Feet 10 Miles 83� F
FREEPORT Today NNE at 10-20 Knots 3-5 Feet 10 Miles 83� F
Friday NE at 15-25 Knots 4-8 Feet 10 Miles 83� F
GREAT EXUMA Today NE at 7-14 Knots 1-2 Feet 10 Miles 83� F
Friday NE at 15-25 Knots 2-4 Feet 7 Miles 83� F
GREAT INAGUA Today ENE at 8-16 Knots 2-4 Feet 10 Miles 84� F
Friday NE at 7-14 Knots 2-4 Feet 10 Miles 84� F
LONG ISLAND Today NE at 8-16 Knots 1-3 Feet 10 Miles 83� F
Friday NE at 10-20 Knots 1-3 Feet 10 Miles 83� F
MAYAGUANA Today NE at 7-14 Knots 3-6 Feet 10 Miles 83� F
Friday NE at 8-16 Knots 3-6 Feet 7 Miles 83� F
NASSAU Today NNE at 10-20 Knots 2-4 Feet 7 Miles 82� F
Friday NE at 15-25 Knots 3-6 Feet 6 Miles 82� F
SAN SALVADOR Today NE at 10-20 Knots 2-4 Feet 10 Miles 84� F
Friday NE at 10-20 Knots 2-4 Feet 10 Miles 84� F
RAGGED ISLAND Today NE at 6-12 Knots 1-3 Feet 10 Miles 83� F
Friday NE at 15-25 Knots 3-6 Feet 5 Miles 83� F


Q, INSURANCE MANAGEMENT
L - (BAHAMAS) LIMITED. INSURANCE BROKERS & AGENTS


I ODSUSSOISO HSIPAGE LG ON5T WWW.TIBUE22CO5


+


I" t


a


BUSINESS


i


I INSURANCE MANAGIVIENT TRACKING MAP I


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+


PAGE 14B, THURSDAY, NOVEMBER 5, 2009


THE TRIBUNE


2009

VISIONARY BUSINESS LEADERS
AND ENTREPRENEURS AWARDS
CONFERENCE
Theme:
'How To Recession Proof Your Busine5s & Prepare For Prosperit'
Organized Ry Visionaire Markelrng and Sponsored by
The Bahamai Entrep. nerlal VeneQ Fl n
and The- Minidry Orf rirkinri r


JP Morgan




agrees $700m




settlement with




regulators


Dr. MAes AMie. FruhidEri Biharum Failh Minisien
/lMUE GuDmi, Fund Ahnihrakfr sil T. Blahatm EnprunMeial VHntn Funr ILht
B
w PanidIt aareitrWed lntmest Ihe Oemen 2I ata M 0alk4,
lHil ls nd5i~ab lias Hme Dcnalpnests
Sad4kAfefEr, Prudedc Itobin telsd EnerpBises







.Of i 11.1ii
Viti RepOn HowdJ Wiiam ridrd a~t Rsifu & MSUY int Buln

I.' S




Tk Bni of Goo Etl Elu .eu & Exedn ClImes Ex, i
I Iii I I
How i lii I O


I . *



. . -.-


I- I I *


By MARCY GORDON
AP Business Writer

WASHINGTON (AP) -
JPMorgan Chase & Co. has
agreed to a settlement worth
more than $700 million over
federal regulators' charges
that it made unlawful pay-
ments to friends of public offi-
cials to win municipal bond
business in Jefferson County,
Ala.
The scandal over the coun-
ty's $3.9 billion debt has
pushed it to the brink of filing
what would be the biggest
municipal bankruptcy in U.S.
history. The Securities and
Exchange Commission on
Wednesday announced the
settlement with JPMorgan,
which canceled interest-rate
swap contracts with the coun-
ty worth $700 million in
March.
The Wall Street bank did
not admit or deny the SEC
allegations in agreeing to pay
a $25 million civil fine, a $50
million payment to the coun-
ty and to forfeit $647 million
in termination fees it claims
the county owes from the can-
celed swap agreements.
The SEC also accused two
former managing directors of
JPMorgan, Charles LeCroy
and Douglas MacFaddin, of
securities law violations. The
agency is seeking unspecified
restitution from them. Mac-
Faddin will contest the
charges.
The SEC alleged that
JPMorgan, LeCroy and Mac-
Faddin made about $8 mil-


JAMES DIMON, chairman and CEO of JP Morgan Chase & Co.,
speaks at the Securities Industry and Financial Marketers Association
in New York...
(AP Photo: Mark Lennihan)


lion in undisclosed payments
to close friends of several Jef-
ferson County commission-
ers. Starting in July 2002,
LeCroy and MacFaddin
solicited the county for a $1.4
billion sewer bond deal.
Swayed by the payments,
the county commissioners
voted to select JPMorgan's
securities division as manag-
ing underwriter of the bond
offerings and its affiliated
bank as swap provider for the
transactions, the SEC said.
JPMorgan failed to disclose
any of the unlawful payments
or conflicts of interest in the
bond offering documents, but
passed on the cost of the pay-
ments by charging the county
higher interest rates on the
swap transactions, according
to the SEC.
"The transactions were
complex but the scheme was
simple," SEC Enforcement
Director Robert Khuzami
said in a statement. "Senior
JPMorgan bankers made
unlawful payments to win
business and earn fees."
MacFaddin's attorney,
Richard Lawler, said his client
"has at all times acted prop-
erly" in his dealings with Jef-
ferson County. "He denies he
has violated any securities
laws and we're confident he'll
be vindicated after trial,"
Lawler said.
LeCroy's lawyer didn't
immediately return a tele-
phone call seeking comment
Wednesday afternoon.
New York-based JPMor-
gan said in a statement it has
since discontinued its munici-
pal swap-exchange business.


The settlement with the SEC
"does not impair any out-
standing Jefferson County
bonds and JPMorgan contin-
ues to work to achieve a
responsible restructuring of
Jefferson County's financial
affairs," the statement said.
The SEC previously
charged Birmingham, Ala.,
mayor Larry Langford and
two others for undisclosed
payments to Langford related
to municipal bond offerings
and swap agreement transac-
tions made while he was pres-
ident of the Jefferson County
Commission. On Oct. 28,
Langford was found guilty in
the related criminal case on
60 counts of bribery, mail
fraud, wire fraud and tax eva-
sion.
The SEC in July proposed
tightening rules governing dis-
closures about municipal
securities to aid investors in
a multitrillion-dollar market
used to finance schools, roads
and hospitals around the
country.
Brokers and dealers in
municipal bonds and other
securities would be required
to make fuller and more time-
ly disclosures to investors.
State and local govern-
ments raise funds for public
facilities by issuing bonds, in a
market estimated to be worth
about $2.7 trillion. Retail
investors increasingly partici-
pate in the market, seeking
safe investments with reliable
returns. The financial crisis
and tight credit have made it
more difficult for some
municipal securities deemed
higher risk to be sold.


National energy policy

must be more robust


FROM page 2B

control of kilowatts per hour
(KwH) consumption through
setting and reaching reduc-
tion targets, including cost
and carbon emissions targets.
Energy is very costly, not
only because of the vexing
fuel surcharge but because of
waste. About 60 per cent of
the power we buy from BEC
simply vanishes in distribu-
tion - between the power
plant and our homes and
workplaces. That's not pecu-
liar to BEC; it's a condition
common to all overburdened
power grids, including the US.
So we pay a lot for wasted
energy, including the energy
we waste ourselves at home
and at work. That's about 40
per cent, conservatively
speaking.
President Obama
announced recently that
through the $787 billion stim-
ulus package, $6 billion will
be spent on the Smart Grid.
About half this amount will
go to pay for smart electricity
meters that will be installed
in millions of homes around
the US. Obviously, enabling
people to take responsibility is
an important plank in the US
government's transitioning
strategy.
Ours is not a rich nation.
Our government cannot
afford to outfit homes with
smart meters. However, our
government should provide
incentives for reducing con-
sumption, at least until we can
get on to the renewable plat-


form.
Mass behaviour change in
meeting the energy and cli-
mate challenges is required,
and this calls for vigorous
social marketing on the part
of government. Such 'social
marketing' as now exists is so
insipid as to be of no conse-
quence.
No amount of advertise-
ments to save money and
energy by a proliferation of
small energy saving business-
es can create the critical mass
necessary to change behav-
iour. Besides, most of us do
not have the capital for sus-
tainable marketing, and any-
way, social marketing is not
the role of business. Busi-
nesses sell services or prod-
ucts. However, we need the
support of an enabling envi-
ronment in which to perform
our role successfully.
The Ministry of the Envi-
ronment would do well to
embark upon a massive social
marketing programme to sup-
port the formulation of the
energy policy. The good news
is that an effective template
already exists. In the 1990s,
the Ministry of Health imple-
mented a formidable social
marketing programme for
HIV/AIDS, the success of
which has done much to stem
the pandemic in our society
by targeting sexual values and
behaviour.
NB: Audrey Ingram
Roberts is the executive direc-
tor of Source Development
Consultants and Enigin, the
energy saving business


IODSCUSS STOIS SNTI AELGO TO ' WWTIBUE4.O I




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