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Permanent Link: http://ufdc.ufl.edu/UF00084249/01479
 Material Information
Title: The Tribune
Uniform Title: Tribune (Nassau, Bahamas)
Portion of title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Place of Publication: Nassau, Bahamas
Publication Date: December 30, 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: UF00084249:01479

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Volume: 106 No.31


The


Tribune


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BAHAMAS EDITION
www.tribune242.com


WEDNESDAY, DECEMBER 30, 2009


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PRICE - 750 (Abaco and Grand Bahama $1.25)



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S* * MP Adderley
Contemplating
joining FNM'
inis ry to pecrui By PAUL G TURNQUEST
Tribune Staff Reporter
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0


Specialists to 'improve

numeracy and literacy

in public schools'


By TANEKA
THOMPSON
Tribune Staff
Reporter
tthom pson@
tribunemedia.net �,
SPECIALIST teach-
ers from the UK are to be
recruited to supplement
areas that Bahamian educa-
tors cannot adequately fill,
new Minister of Education
Desmond Bannister has
vowed.
Starting next month, min-
istry officials will cast their
net overseas hoping to con-
tract a "limited number" of
British teachers who spe-
cialise in mathematics, Eng-
lish language and literature.
The move is a short-term
bid to improve the literacy
and numeracy skills lacking
in many public school stu-
dents.
"We will start a recruit-
ment exercise for a limited
number of teachers from
England, and they're going
to be specialist teachers.
They will only be brought
in areas where we don't
have Bahamians to fit the


need," Mr Bannis-
ter told The Tri-
bune.
He would not
reveal how many
spots the govern-
rment hopes to fill
but said the successful
candidates must bring a
wealth of experience to the
table along with a passion
for teaching.
For years, the public
school system has been crit-
icised for producing a num-
ber of students who only
possess rudimentary knowl-
edge of reading and mathe-
matics skills, and enter the
job market ill equipped.
Mr Bannister believes the
problem may be due in part
to a lack of Bahamian
teachers who are willing to
specialise in mathematics
and language concentra-
tions.
"One of the problems is
that we've been graduating
lots of generalist teachers
from the College of the
Bahamas (COB). We have
to focus more now on teach-
SEE page two


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POLICE OFFICERS le,
[th " 1i,- ron v [e'- [ o ,1j"
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By ALISON LOWE
Tribune Staff
Reporter
alowe@
tribunemedia.net
A PRISON officer
was accidentally shot
while on duty at Her
Majesty's Prison yes-
Sterday.
._. Deputy Superinten-
-S dent of Prisons,
" Charles Rolle, said the
guard was near the
prison armoury when
an attempt by a senior
officer to open a
"jammed" revolver
resulted in a bullet
being discharged.
The guard was left
nursing a gunshot
wound to the "flank"
area. He was rushed to
hospital.
The incident took
place shortly before
midday yesterday.
"The family has
been informed and
they are by his side,"
Mr Rolle said.
Last night, the police
issued a statement say-
SEE page 11


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Police confirm body is that of missing man


By MEGAN REYNOLDS
mreynolds@tribunemedia.net


FAMILY and friends of p(
ular St Andrew's School gradual
Francis Farrington are coming
terms with his untimely dea
one month after his mysteric
disappearance.
Police confirmed their great,
fear just days before Christly
as the 27-year-old's dental recoi
proved the decomposed bo

Tiger Woods'
RUMOURS swirled yes-
terday that troubled golf
superstar Tiger Woods spent
Christmas in George Town,
Exuma.
Up until Sunday, Woods
was reportedly seen soaking
up the sun on the island.
Woods, who turns 34 today,
is said to be sailing on a boat
in The Bahamas to escape the
scrutiny and media coverage.
Meanwhile the sex scandal


found behind the Anglican
Church head office in Addington
House, Sands Road, was his.
Mr Farrington's family had
been in daily communication with
police since he vanished without a
trace on November 24.
His sister Christine Ferguson
said he had told his father he was
going out for a short while at
around 5pm, and when there had
SEE page 12


spent Christmas in Exuma'


that has engulfed him may
have cost shareholders of
companies endorsed by the
world's No. 1 golfer up to $12
billion in losses, according to
a study by two economics pro-
fessors from the University of
California.
The study, released on
Monday by researchers Victor
Stango and Christopher Knit-
tel, gave an estimate of dam-
age to the market value of


Woods' main sponsors caused
by revelations of alleged
extramarital affairs that sur-
faced after he was involved
in a minor car accident out-
side his Florida home on
November 27.
"We estimate that share-
holders of Tiger Woods' spon-
sors lost $5-12 billion after his
car accident," the researchers
SEE page 11


Call u toda. W *oideWRTI


Financial Soluions for Life!LIF NURAC

JI& IIV 1.1 I I.


ELIZABETH MP Malcolm Adderley is
reportedly contemplating crossing the floor of
the House of Assembly to join the ranks of
the FNM, sources within the party have sug-
gested.
Initially it was believed Mr Adderley had
been wooed by the governing party to relin-
SEE page 11


_T
Francis Farrington


UK







+


PAGE 2, WEDNESDAY, DECEMBER 30, 2009


THE TRIBUNE


LOCALNWI


CUBA: Havana says all
four Florida Senate
candidates will be bad
for relations with US
HAVANA
CUBA'S official media
lashed out at all four main
candidates to become
Florida's next senator -
Democrats and Republi-
cans alike - saying this
week they will do nothing
to improve relations
between Havana and
Washington, according to
Associated Press.
Republicans Marco
Rubio and Charlie Crist
and Democrats Kendrick
Meek and Maurice Ferre
all have voiced support
for continuing Washing-
ton's 47-year trade embar-
go on the island, accord-
ing to an article Tuesday
in the Communist Party
newspaper Granma.
The paper called them
part of a "Miami mafia
machine that dominates
the city and North Ameri-
can policies toward
Cuba."
Rubio, the son of
Cuban parents, is a con-
servative former Florida
House speaker who is
challenging Gov. Crist for
the Republican nomina-
tion.
Meek is a Democratic
Congressman, and Ferre
is a former mayor of Mia-
mi.
Each candidate
addressed the hardline
US-Cuba Democracy
Political Action Commit-
tee (PAC) last week,
arguing why he would be
the best to fight for
democracy in Cuba.
Florida is home to hun-
dreds of thousands of
Cuban exiles who have
left the communist-run
island since Fidel Castro's
1959 revolution. US-Cuba
policies are one of the
main issues that dominate
the state's politics.
While many Cuban-
Americans favor a hard-
line approach to the
island, polls indicate a
growing number support
efforts to improve rela-
tions.


4q


New minister: public


schools are in


By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net


THE public school system is in the
middle of a crisis, the newly appoint-
ed minister of education admitted.
While acknowledging that his min-
istry cannot immediately solve the
complex issues which have developed
in the county's schools over the last 30
years, Desmond Bannister said it is
time to confront the challenges.
For years the government school
system has been plagued with student
violence and gang activity, com-
pounded with allegations of "social
promotion" of poor-performing stu-
dents.
"We do have a crisis in the public
educational system and it's an issue
that we as Bahamians have to address
and we have to address it head on.


Desmond Bannister says it

time to confront challenge


"Over the past three decades or so,
we've created the kind of society
which is causing the kind of problems
that we are having now in our
schools," said Mr Bannister, who
insisted that there are many good
things happening in the public school
system as well.
"The ministry cannot solve it on its
own and there is no short-term fix.
The most you can do is start in the
right direction and so we have to start
concentrating on school children all
over again, we have to increase the
attention to literacy efforts, reading,
writing, and we have to concentrate
on issues like character development


and also social skills in young
improving conflict resolution
"For too long we've just a
that things are going to get bet
have to find ways to make it 1
we have too many kids corn
of school who just can't re
write.
"We have too many studei
are coming out of primary scho
are reading below grade lev
have poor numeracy skills, t
going into high schools and s
young people are coming
school without the literacy skil
are required by society. As
many of them are frustrated a


'crisis'

is themselves are having problems," he
t told The Tribune during a recent inter-
view at the Ministry of Education.
s 5 The ministry has plans to recruit a
number of specialist teachers from
the United Kingdom early next year
people, to help improve numeracy and litera-
cy skills in public school students (see
assumed page 1).
ter - we It's an initiative that was envisioned
better - under the term of former education
ing out minister Carl Bethel, who resigned in
ad and November to commit full time to his
post as FNM chairman.
nts who Education officials also hope to
ool who expand a parenting skills programme
el, they which was launched earlier this year as
hey are a pilot study in Grand Bahama.
;o these Mr Bannister said the programme
out of was met with lukewarm attendance
Is which by parents on that island, but he hopes
a result, that if the project is expanded, more
nd they struggling parents will enroll.


MINISTER of Education
Desmond Bannister visited
the Anatol Rodgers High
School on Faith Avenue
last week to inspect the
progress of the work being
carried out at the facility.
Mr Bannister said it is a
priority for him to see the
school fully operational and
free of construction activity
as early as possible in the
new school year.
Ran-Mar Construction is
carrying out the work, and
the company estimates that
the job should be finished
in early 2010.
The minister toured the
perimeter of the school,
inspecting the temporary
barriers in place to ensure
that students remain on the
campus and trespassers are
kept out.
Mr Bannister also
inspected the science and
home-economic labs as well
as the school's gymnasium
to see the progress of the
work in those areas.
Since the last inspection


Fetlzr Fniie


-U
q


EDUCATION MINISTER DESMOND BANNISTER discusses the completion works at the Anatol Rodgers High School. (From left) Min-
ister Bannister and contractor Randy Penn.


of the school in November
2009, the entrance and the
front and side parking areas
have been paved and eight
of 12 wells have been dug
to prevent flooding on the


grounds.
Lunch pavilions complete
with seating areas have also
been erected in the senior
and junior blocks.
Randy Penn, head of


Ran-Mar Construction,
assured the minister that
once certain changes to the
plans are approved by the
ministries of Education and
Works, the air-condition-


ing systems for the gymna-
sium and the remaining
work on the science labs
will be completed, as well
as any other outstanding
works.


Ministry to recruit


teachers from UK


FROM page one
ers who have very specific
skills that they can bring to
the table.
"We have to focus on
teachers who are not afraid
of mathematics, not afraid
of development of these
literacy skills in children,
because some teachers will
tell you, in all fairness to
them, that these are issues


that they are afraid of," he
said.
Mr Bannister revealed
that of the hundreds of stu-
dents expected to gradu-
ate from COB's teaching
programme next year, only
two teachers are registered
in the accounting concen-
tration, 31 in the mathe-
matics stream, and 18 in
language and literature.
By contrast, 172 students


are expected to graduate
from the primary educa-
tion concentration next
year, he said.
Mr Bannister said the
numbers expose the urgent
need for the Ministry to
find and develop more
Bahamian teachers who
are willing and able to spe-
cialise in daunting subject
areas.
"We get a lot of teach-
ers who are very good stu-
dents now but there are a
lot of people who are top
students in their schools
who are being told
'become a lawyer, become
a doctor' and we have to
make sure that some of
them also consider that
education is a wonderful,
rewarding and personally
enriching area," said Mr
Bannister, who assumed
the post of Minister of
Education on December 1.
Prior to this promotion,
Mr Bannister was the Min-
ister of Youth, Sports and
Culture and a former Min-
ister of Legal Affairs.
Mr Bannister, a senior
partner in the law firm
Evans and Co, has also lec-
tured part-time at the
Bahamas Institute of
Bankers and at COB.


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


Bannister inspects progress of




Anatol Rodgers High School


MAIN/SPORTS SECTION
Local News...................P1,2,3,5,6,7,11,12
Editorial/Letters..................................... P4
Sports............................................ P8,9,1 0
BUSINESS/ARTS SECTION
Business............................... P1,2,3,4,5,6,7
C om ics................................................. P8
Taste.................................................. P9,1 0
A rts................................................. P 11,12

CLASSIFIED SECTION 28 PAGES

USA TODAY MAIN SECTION 12 PAGES


Al"







+


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 3


LOCALNW


Boaters who

died in Exuma

are identified

THE BOATERS who
lost their lives when
their boat capsized in
Exuma have been iden-
tified by police as
brother and sister
Charles and Marilyn
Morley.
Charles Morley, 51,
of Grand Bahama and
his sister Marilyn, 45, a
resident of George
Town, Exuma, were out
fishing on a 12-foot
Carolina Skiff with
another woman when
their boat overturned in
the Fowl Cay area at
around 11.30am on Sat-
urday.
Passing boaters res-
cued the woman, who
has not been identified
by police, and the life-
less bodies of Mr and
Miss Morley were
found nearby.
Officers investigating
the incident say the trio
had set out on their
fishing trip from an
area known as the Cot-
tage in Exuma and
were capsized by swells
near Fowl Cay.


Defence Force officers





warned over missing gun


f 41


Minister says all 14 onboard vessel could


be disciplined if no explanation given


By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net


AS POLICE continue their inves-
tigations into the disappearance of a
gun from a Defence Force vessel,
the Minister of National Security
has warned that all 14 officers
onboard at the time could be disci-
plined if no explanation of its where-
abouts is forthcoming.
The officers were confined to their
ship - the Guanahani - for several
days over the Christmas period,
before being placed on continued
lockdown at the Coral Harbour
base, as police were brought in as
part of an effort to locate the
weapon.
Yesterday a senior police officer
declined to comment on the status of
the Central Detective Unit's inves-
tigation into the matter, adding only


that it is ongoing.
Minister of National Security
Tommy Turnquest said the officers
have "a certain time-frame in which
to a n'\ ci inquiries as to the loca-
tion of the gun or how it came to
disappear, or all will face discipli-
nary action.

Patrol

The gun was found to be unac-
counted for while the officers were
on patrol in the Ragged Island area
before Christmas.
Mr Turnquest said unlike police
guns, the weapon would not have
been assigned to a particular offi-
cer, but rather there would have
been a certain number of guns
signed out for that particular patrol
mission.
Asked yesterday if he is support-


ive of the decision to keep the offi-
cers confined while investigations
continue, Mr Turnquest said: "What
I am supportive of is all firearms
being accounted for.
"We have in place a management
team responsible for the RBDF and
they're to follow established proce-
dure and when they don't then we
know what to do.
"We have an unacceptable crime
level and we have large numbers of
illegal weapons out there so until
we find it we're not satisfied," said
the minister.
Asked exactly what type of gun
is missing, Mr Turnquest said he is
not sure. He said that he is not
aware of any other RBDF weapons
going missing in recent times.
"I know it's a firearm and from
my point of view that's serious
enough that it has to be found," he
said.


Mobile machines on track to


improve passport applications


By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net


THE distribution of mobile
finger-printing and electronic
signature machines will make it
easier for Family Island resi-
dents to apply for digital pass-
ports in the new year.
Minister of National Security,
Brent Symonette, said the gov-
ernment is on track to imple-
ment the mobile enrolment sys-
tem in the Family Islands begin-
ning in January.
The system will enable Fam-
ily Island residents to submit
passport application forms with
their fingerprints and digital sig-
natures remotely.
During several weeks of live
testing, Prime Minister Hubert
Ingraham served as a test sub-
ject, being enrolled for his new
passport using the mobile sys-
tem.
Once the system is on stream,


the government intends to send
passport officers to the Family
Islands, including those without
government offices, such as
Spanish Wells.
Also set to come on stream in
January are online applications,
said Mr Symonette. Bahamians
will be able to apply for their
passports over the Internet,
meaning the entire process will
require two visits to a passport
office instead of three.
Since the government initiat-
ed the change-over to digital
passports two years ago, more
than 20,000 people have been
processed. The government is
strongly encouraging Bahami-
ans to meet the May 2010 dead-
line. At that time, the govern-
ment will cease to renew the
old non-machine-readable pass-
ports - even in emergency cases.
"At this moment, the pass-
port office is doing very well.
We are happy with the delivery
time, even though some experi-


ence a few problems. As time
goes on, it will be more diffi-
cult for Bahamians to use the
old passport," said Mr Symon-
ette.
"We are encouraging
Bahamians to use the opportu-
nity to apply early. Do not wait
until the summer, when there
will be a rush on the office," he
said.
Once a new digital passport is
issued, the applicant's old pass-
port is cancelled. All foreign
visas in the old passport remain
valid until their date of expiry.
Based on the international
system of machine readable
passports, international airports
will eventually stop accepting
the old Bahamian passports,
said Mr Symonette.
He pointed to the subtle
changes already occurring in
international airports, such as
those in the United States. Trav-
ellers are channeled into self
check-in lines that require a dig-


ital passport to be swiped and
read by a machine. Manual
check-in by agents is becom-
ing obsolete.
While old Bahamian pass-
ports will remain valid as long
as they have not expired, Mr
Symonette said governments
internationally are onboard
with the digital system and it
is at their discretion to choose
or refuse to accept non-
machine readable passports at
any time.

0 * * 0
IN THE report on the stab-
bing death of Terrone Albury
as he tried to break up a fight at
an Eleuthera nightclub in the
early hours of Monday morn-
ing, The Tribune stated that Mr
Albury was the grandson of the
late Rev Cladwell Armbrister.
This is incorrect, including the
reverend's name.
The man being held by
police for questioning in con-
nection with the stabbing death
of Mr Albury is the great
grandson of the late Rev Clad-
well Farrington, a well respect-
ed religious minister at
Eleuthera. Rev Farrington was
not related to the homicide vic-
tim.




PHNE 32'157


THE Bahamas has successfully concluded Tax
Information Exchange Agreement negotiations
with 23 countries to-date, and the government
says it expects to exceed the OECD's required
minimum of 12 signed agreements by the March
2010 deadline.
To-date, the Bahamas has signed 10 TIEAs
with the following countries: the United States of
America, Monaco, San Marino, the United King-
dom, New Zealand, the Netherlands, the Peo-
ple's Republic of China, Argentina, Belgium
and France.
TIEA negotiations have been successfully
concluded with Germany, Canada, Spain, Mex-
ico, Australia, South Africa, South Korea, and
the seven Nordic countries of Norway, Sweden,
Finland, Denmark, Iceland, Greenland and the
Faroe Islands.
The government said these countries will for-
mally sign agreements once they complete the
internal procedures required for the signing of


treaty instruments.
Said the government in a statement: "It is to
be noted that the Bahamas is actively partici-
pating in the international dialogue concerning
the regulation of international financial ser-
vices."
It noted that in September of this year, the
Bahamas was elected to membership of the
OECD Peer Review Group; a group comprising
members of a re-vamped OECD Global Forum.
The Peer Review Group is responsible for
developing a programme of peer reviews to mon-
itor progress of the implementation of the tax
information exchange standards among the 90-
plus members of the OECD Global Forum.
"The government is committed to safeguard-
ing this important segment of the Bahamian
economy by ensuring that the Bahamas remains
a well regulated jurisdiction which meets evolv-
ing standards for offering international finan-
cial services," the statement said.


"ea*19ked4(niy






exclusively at

1.1,iso \ l)I'L k..)R


Bayparl Building on Parliament Street
Telephone: (242) 323-6145
Harbour Green Shops at Lyford Cay
Telephone: (242) 362-6527, Fax: (242) 326-9953
P.O. Box N-121, Nassau, N.P., Bahamas
email:info@colesofnassau.com


ITDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22CO0


T1~7


The Bahamas concludes TIEA

negotiations with 23 countries






T1~7


PAGE 4, WEDNESDAY, DECEMBER 30, 2009


THE TRIBUNE


EIOI AULETES T HEEITOR


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. corn


updated daily at 2pm


Commercial party in residential area


JUST AS fish vendors were allowed to
squat on the Montagu foreshore with no
one paying attention to them until they
became an undesirable problem, so also will
some property owners on the Eastern Road
devalue the area if their commercial prac-
tices are allowed to continue. Now is the
time for decisions to be made. Whatever
laws exist should be enforced and where
laws are still needed to plug the loopholes,
they should be drafted.
At one time our zoning by-laws were tak-
en seriously. Anything east of the Montagu
foreshore was residential.
An earlier generation of Bahamians
would laugh and say that the Eastern end of
the island - the healthier end - was
reserved for Bahamians while the swampy,
mosquito-infested west was sold to the
unsuspecting foreigner. Over time the
swamps were filled in; as a result there were
fewer mosquitoes. The west eventually
became as desirable as the east.
The late Sir George Roberts, president of
the Legislative Council, moved his family
from their Village Road residence, to a new
home that he had built on a magnificent hill-
top waterfront site on the Eastern Road.
It was next door to the late Sir Asa
Pritchard, Speaker of the House of Assem-
bly, who had as his neighbour the historic
Hermitage, built by Lord Dunmore as his
residence between 1787 and 1796, bought
in 1932 by Cardinal William O'Connell,
Archbishop of Boston, and now owned by
the Catholic Archdiocese. It is the residence
of Catholic Archbishop Patrick Pinder.
Sir George and Lady Robert's home and
gardens were considered among the most
elegant on the Eastern Road, so much so
that the family had to put up iron gates to
prevent taxi drivers from including "Lucky
Hill" in their guided tours.
Since the death of Sir George and Lady
Roberts the estate has passed through many
hands.
It is now owned by a Londoner, and,
according to an advertising teaser on Face-
book, a peaceful residential area has turned
commercial.
Recently it was advertised as a one night
event of a Red Eye tour that claimed it took
in three cities, three parties, one event, one
night.
That one night was December 27th at
what was described as "Lucky Hill Man-
sion." The one night stand shattered the
peaceful, upper class neighbourhood with
raucous music until after 4 o'clock in the
morning, leaving on the Eastern Road the
next day a wasteland of styro foam cups,
paper plates and offensive litter. To say res-
idents of the Montagu-Eastern Road fore-
shore are angry would be an understate-
ment. Not only are they angry, but they
intend to do something about it.
The police have been contacted. Their


!MI Al


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etvo


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MP has been notified and our e-mail is over-
loaded with residents' complaints.
It is not clear what type of service is being
offered by the entertainment company, but
its advertisement says its flight takes off at
12.27, boarding time 9pm- however, it fails
to say where one is to board the aircraft. In
its video it sings of flying direct to South
Beach in Miami, taking in New York and
Kingston, and ending Sunday night with the
big event at "Lucky Hill Mansion." Coach
class tickets for $25, as well as pre-sold class
tickets were available. The advertisement
listed Business Class and First Class. So
whatever it is, it is a money-making com-
mercial enterprise. Unfortunately the imag-
inative entrepreneur chose the wrong loca-
tion on which to establish his money-maker.
It succeeded in destroying a peaceful Sunday
evening with offensively loud music and
equally offensively loud party-goers.
Residents alerted their MP Loretta But-
ler-Turner on the eve of the event to try to
head it off before it started. Mrs Turner
wrote immediately to Asst Supt Ismella
Davis, Officer in Charge of the Fox Hill
Police Station, sending her the link that
advertised the event so that she would be
aware of "what one of the finest Bahamian
residences on the Eastern Road is being
used for."
Her letter continued: "They plan to par-
ty until 4am and there is a cover fee begin-
ning at $25.
"This is a residential area not zoned for
commercial activity.
"This residence has been used for similar
events in the past and created quite a lot of
disturbing noises for the surrounding neigh-
bours and areas.
"I have already contacted the Fox Hill
Police to alert them and to see if they will
shut this down before it even starts," Mrs
Turner's letter continued. "This is a small
step in ensuring that laws are respected and
observed in our communities."
Mrs Turner said yesterday that ASP
Davis told her that she had the party plan-
ners into the police station and told them
that if they violated the noise level and cre-
ated traffic congestion, the police would
close the party down. According to the e-
mails we have received residents claim that
both were violated.
Mrs Turner than asked ASP Davis to call
the owners of "Lucky Hill" to discuss their
plans for the property. Mrs Turner is now
concerned that she has heard no more from
ASP Davis.
It would be interesting to know if the
owners got a commercial licence to hold this
party on the Eastern Road, and if so who
would have been so slow-witted as to have
granted it. It is now up to residents and
their MP to end these parties if only to main-
tain the high standards of the eastern end of
the island.


BIFF film boldly



tackles emotionally



disturbing issue


EDITOR, The Tribune.

Amongst the fine selection
of international films the
Bahamas International Film
Festival (BIFF) had on offer
this year was a feature
Bahamian film written and
directed by Kareem Mortimer
(intriguingly entitled 'Chil-
dren of God') that drew the
larger audience at the Galle-
ria venue. Like many Bahami-
ans I wanted to see what this
film was all about - espe-
cially engaged as I was by the
write-up it received in the
brochure.
"Children of God is the
religious concept that human
beings are regarded by God
as His children and is used by
Christians to refer to human
divinity." The first part of this
one might understand as the
way a genuine Christian
would view all true brothers
and sisters in Christ - we're
all "children of God" if we
take Christ for our personal
Saviour. But the latter part of
that statement - the bit
about "human divinity" - is
not so much a Christian as a
New Ager's claim.
We're further told that the
film's protagonists work
through their lives' dilemmas
against "a backdrop of a
nation grappling with violent
homophobia (fear of homo-
sexuality)" by journeying to
freedom-promising Eleuthera
where the paths of the two
protagonists cross - signifi-
cantly in a church sponsored
townhall-type meeting.
The issue is the nascent if
not already rampant wave of
homosexuality becoming evi-
dent in the country as in much
of the dominant culture next
door (the US).
The feeling one has regard-
ing the youthful artist's timid
"closeness" is that he'd have
been more at home dealing
with his dilemma in the 60s
in the US with its wildly care-
free ethos of sexual experi-


mentation and that his jour-
ney of self-exploration in
Eleuthera would reveal his
and his friend's nascent
homosexuality.
The concern of the older
generation has two major
spokes-women - the middle
aged mother of a pubescent
lad whose husband has homo-
sexual liaisons which she's
only just begun to suspect.
She sees the only way to try
and save her marriage is by
getting her husband to join
her in Eleuthera for the cam-
paign to bring this social prob-
lem to the Government's
attention.
The other is the Nassau-
based mother of the other
Bahamian youth in Eleuthera
playing with a band but also
exploring the limits of rela-
tionships, uncertain as he is
of his relationship with his
girlfriend back in Nassau.
I hadn't anticipated the
explicitness and courage with
which the "violent homopho-
bia" referred to in the write-
up would be dealt with by Mr
Mortimer but the homosexu-
ality-related murders that
occurred a year or two ago
have clearly put the phenom-
enon front-and-centre in the
minds of many concerned
Bahamians.
There was also explicit ref-
erence to the general Bahami-
an concern that the Bahamas
not become a prime destina-
tion for "alternative lifestyle"
(homosexual) tourism -
something that also was part
of the dawning national con-
sciousness of this problem a
few years ago.
The explicitness of its treat-
ment certainly accounted for
a significant percentage of the
audience (especially parents)
leaving quite early in the film
presumably anxious that their


children not be corrupted by
the goings on in the film.
It would seem that Mr
Mortimer intuits very realis-
tically how sensitive and emo-
tionally charged an issue he
has broached in this film by
having his timid "hero" get
enough courage by the end of
the film not merely to ques-
tion why people are making
so much of the whole matter
(homosexuality) at the town
hall meeting but to actually
confront one of the local bul-
lies and taunt him by allud-
ing to his homophobia.
To be called a "sissy" pub-
licly in front of his bully pack
of friends was the straw that
broke the camel's back and
the pent-up emotion explodes
on him and to his terrible cost.
Mortimer's film has some of
the quality of that taunt, chal-
lenging this society to look a
lot more closely at itself in its
self-examination.
All we can hope is that the
societal response to his chal-
lenge isn't as violent.
BIFF has once again
demonstrated that it is the
film festival with a distinct dif-
ference - it includes films
(both short, documentary and
feature length) that boldly
focus on certain very emo-
tionally disturbing issues (a
few years ago the focus was
on the atrocious tradition of
female circumcision).
By focusing our attention
on these it is hoped that some
greater awareness and under-
standing (if not outright reso-
lutions) of these issues may
be achieved.
Ms Vanderpool has indeed
made a significant contribu-
tion to this society - not
merely its entertainment but
its edification.

CONCERNED
Nassau,
December 21, 2009.


Welcome to the Real World


EDITOR, The Tribune.

There is an article in the
Economist (December 12th)
about America's public-sec-
tor workers being coddled
and spoiled.
This it points out is no
longer economically or polit-
ically acceptable and some-
thing has to be done.
This, of course, applies to
most countries and the
Bahamas is no exception.
There is a huge surfeit of
public sector employees in
most countries who are eat-


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ing up the resources and
those who are the produc-
ers no longer have the abili-
ty to produce enough to pay
for the non-producers (ie
public-sector employees).
The unfortunate part
about this is that because the
public sector employees are
as it says, coddled and
spoiled, and unless politi-
cians have the will to cor-
rect this nothing will hap-
pen.
Public sector employees
generally have guaranteed
employment and guaranteed
pensions that the private
sector employees do not.
Yet their performance is
grossly inefficient and com-
plaints about their attitude
are legion and now I am
talking about the Bahamas.
Phones are not answered,
letters and faxes are not
answered and agreements
are not adhered to.
Of course there are always


oasis of efficiency among the
group but few.
Here for example we wit-
ness customs officers who
are indicted for fraud and of
course they may be innocent
but obviously the govern-
ment does not think but is
afraid to take them to court.
So instead they give a very
bad example to the others
as some are retired with full
pensions.
Where is the political will?
There are many examples
around the world of this and
it is about time that we all
collectively said enough is
enough and we would like
to welcome the public sector
employees to the Real
World - or cut bait and get
out of the boat, I think the
saying is.

PATRICK H
THOMSON
Nassau,
December 20, 2009.


A Bamboo Shack for COB
EDITOR, The Tribune.

Bahamianizing The College of The Bahamas (Front Porch
By Simon Nassau Guardian, Tuesday, November 22, 2009)
provided food for both intellectual and, perhaps, future
gastronomic consumption.
Noting that both (Bahamian franchise-owned) Starbucks
- which "did not seem the right fit" - and Sbarro "retired"
from The College of The Bahamas before President Janyne
Hodder, Simon suggested that Bahamian entrepreneurs
such as Julie Hoffer (of Passion Tea and Coffee fame) and
Elaine Williams Pinder, the "extraordinarily entrepreneur-
ial spirit behind and owner of Bamboo Shack", be per-
suaded to replace the 1h c ign implantss)"
Acknowledging "legitimate questions as to whether Mrs
Hodder was the appropriate choice to head COB"- includ-
ing her not having a doctorate, which was "more than sym-
bolic ...especially with university status on the horizon" -
Simon said she could boast of a number of accomplish-
ments, and many were gi, ijIul for her service and wish her
well in her future endeavours."
During Mrs Hodder's tenure, on May 26, 2009, following
a $3.3 million renovation of its Oakes Field Campus audi-
torium, COB opened a high-tech Performing Arts Centre.
Perhaps in the not-too-distant future, in light of the uncer-
emonious departure of the now-outgoing Mrs Hodder's
predecessor, COB will get its own act together.
Merry Christmas.

SIMON ARTZI
Nassau,
December 22, 2009.


+>






+


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 5


LOCALNW


HOLDS OOK INN


Legacy of Thaddeus


McDonald lives on in


Kwanzaa celebration


SENATOR ALLISON MAYNARD-GIBSON talks with Dame Ivy
Dumont during the book signing .
A BRAND new Bahamian book has been launched this
holiday season and the distinguished author was on hand last
week to sign copies at Logos Bookstore in the Harbour
Bay Shopping Centre.
From Rose's to Mount Fitzwilliam is the memoir of Dame
Ivy Dumont, seventh governor general of the Bahamas and
the first woman to occupy this elevated post.


CUSTOMERS stand in line to purchase former governor general
Dame Ivy Dumont's book, Rose's to Mount Fitzwilliam, at Logos
Bookstore.


By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net
THE legacy of Bahami-
an scholar and Pan-African
activist Thaddeus McDon-
ald is living on in the work
of young Bahamians, who
are organising a Kwanzaa
celebration this holiday
season.
Kwanzaa, the Swahili
word for "first fruits", is a
cultural holiday celebrated
in the African Diaspora to
coincide with harvest cele-
brations in Africa during
the same season. It was
developed by the African
American community in
the United States during
the 1960s as a celebration
of family, community and
culture.
Festivities around the
globe run from December
26 to January 1. This year,
Rhonda Wright, Director
of Seedlings Place, a sup-
port group for persons liv-
ing vegan and vegetarian
lifestyles, is organising a
social event on December
31.
She is extending an invi-
tation to those who for-
merly participated in Dr
McDonald's activities.
"I attended his event
about three years ago.
There was a feeling of uni-
ty. It was an uplifting feel-
ing to be able to experience
a part of our African her-
itage and culture in Nassau
at the first time, for me, at
that level. It was good to
see and experience our
elders in that leadership
role," said Mrs Wright.


"It was an uplifting feeling
to be able to experience a
part of our African heritage
and culture in Nassau at the
first time, for me, at that
level. It was good to see and
experience our elders in
that leadership roll."

Rhonda Wright,
Director of Seedlings Place


For the past two years
Mrs Wright hosted a small
family event.
She said it was important
to her to bring together the
African community in the
Bahamas to carry on the
tradition championed by
Dr McDonald and others.
Her intention is to grow the
event into a nationally
recognized annual celebra-
tion.
Dr McDonald was bru-
tally murdered three years
ago, just two months before
his planned annual cere-
mony that involved drum-
ming, libation, and feast-
ing.
He was known for organ-
ising various activities,
including pilgrimages to
Africa, in order to foster
African consciousness in
the Bahamas.
His brother, Madison


McDonald, said he was
happy to know Bahamians
were carrying on the tradi-
tion, knowing how enthu-
siastic his brother was
about conducting the event
every year.
Rhonda Chipman-John-
son, Vice-president of Aca-
demic Affairs at the Col-
lege of the Bahamas, where
Dr McDonald worked, said
she was looking forward to
attending the event the
year Dr McDonald died.
"It was a celebration of
ourselves as black people:
The whole idea that we
have to be proud as black
people. I think that is what
he celebrated throughout
his life. It was a learning
experience for all and I
thoroughly enjoyed it. I was
planning to go the year he
died, but I guess it just was-
n't meant to be," said Dr


Chipman-Johnson.
Kwanzaa is not an Afro-
centric version of Christ-
mas, despite popular mis-
conceptions. It is a non-reli-
gious holiday celebrated by
over 40 million people of
African descent around the
world. This was the mes-
sage delivered in The Black
Candle: A Kwanzaa Cele-
bration, an award winning
new documentary directed
by 27-year-old MK Asante
Jr and narrated by Maya
Angelou. The documentary
highlights the meaning and
principles behind the festi-
val and how it is celebrated
around the globe, includ-
ing in the Caribbean.
Kwanzaa is centred
around seven core African
principles :
Umoja (Unity), Kujichagu-
lia (Self-Determina-
tion), Ujima (Collective
Work and Responsibility),
Ujamaa (Cooperative Eco-
nomics), Nia (Purpose), Ku
umba (Creativity),
and Imani (Faith).
"We want to continue the
celebration to be able to
bring our African brothers
and sisters in the Bahamas
together to celebrate on
common ground regardless
of your religious or spiritu-
al persuasion. It is an
acknowledgment and cele-
bration of our ancestry and
us as black people, recog-
nising what we have accom-
plished over the year, cele-
brating our harvest and
what we will reap in the
next cycle," said Mrs
Wright. Interested individ-
uals can contact organizers
at seedlingsplace@gmail.com.


MONTAGU GARDENS


NEW) YVERS EUE 2009

SPECIAL MENU

DECEMBER 3 1, 2009


Menu
Baby Greens with dressing


Roast prime rib of beef with stuffed
Crawfish topped with a sauce
Roasted Rosemary potatoes
Fresh glazed carrots
Baked cauliflower with cheese


Dessert
Guava cheese cake
/ or
Carrot cake


Price
. :


$30.00 per person


15% Gratuity


You canaIso order off the dinner
menu favors for all guest


Happy New Year .

Tel: 394 - 634 7


CHRISTMAS & BOXING DAY

HOLIDAY HOURS

Thursday, December 24, 2009 - 9:30am - 1:00pm
Friday, December 25, 2009 CLOSED
Monday, December 28, 2009 CLOSED


Open for Business
Tuesday, December 29 - 9:30am - 3:00pm
Wednesday, December 30 - 9:30am - 3:00pm
Thursday, December 31 - 9:30am - 1:00pm



NEW YEARS HOLIDAY HOURS

Friday, January 1, 2010 CLOSED
Normal banking hours resume
Monday, January 4, 2010


CLEARING BANKS
ASSOCIATION MEMBERS


Bank of The Bahamas Limited
CitiBank, N.A. Bahamas
Commonwealth Bank Limited
Fidelity Bank Bahamas Limited
FirstCaribbean International Bank
RBC Royal Bank of Canada
Scotiabank (Bahamas) Limited


For reservations_

TDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22.O


T1~7








+


PAGE 6, WEDNESDAY, DECEMBER 30, 2009


THE TRIBUNE


Police probing two armed robberies


POLICE are investigating two
armed robberies that occurred in
New Providence yesterday.
Around 2.08 pm yesterday,
police received a report of an
armed robbery at Tippy's Liquor
Store in the Pinewood Gardens
subdivision.
An employee told responding
officers that two dark-skinned


males, dressed in dark clothing,
both armed with handguns, burst
into the store and demanded cash.
The liquor store and several
patrons, who were in the store at
the time, were robbed of an unde-
termined amount of cash.
The gunmen fled the scene trav-
elling east on Sapodilla Boulevard
in a white hatchback style Suzuki,


license plate number 85679. Hours
later, around 6.14 pm yesterday
police received information of an
armed robbery at the Oakes Field
Shopping Centre.

Gunpoint

Two employees of an undis-
closed business told police they


were about to make a company
night deposit at a bank in the shop-
ping centre when they were robbed
at gunpoint by two dark-skinned
men.
The men, dressed in dark cloth-
ing and wearing ski masks, were
armed with handguns.
The suspects managed to escape
with a company deposit bag con-


training an undetermined amount
of cash.
The employees reported that the
gunmen fled the area in an old
model gold coloured Nissan Alti-
ma.
Last night police urged anyone
with information about these rob-
beries to come forward.
Police investigations continue.


I1, Bank of The Bahamas~
I MNIr F R N A T 1 C0 N A L

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+


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 7


South Eleuthera's Farmers


Market a huge success !


TARPUM BAY,
ELEUTHERA - Saturday,
December 12 marked the
first ever Farmers Market in
South Eleuthera and all
involved agreed that the
event was a huge success.
The market was held at
the Emergency Operations
Centre of SEEP (South
Eleuthera Emergency Part-
ners) from 10am to 1pm and
more than 150 people
strolled through to shop dur-
ing the beautiful sunny day.
The goal of the market
was to showcase farm-grown
products and locally hand-
made crafts available in
Eleuthera. Known once as
the breadbasket of the
Bahamas, Eleuthera is pro-
ducing less and less produce
and relying more on
imports, which threatens
food security on the island.
The Island School part-
nered with two non-profit
organizations, the Cape
Eleuthera Institute and
Island Journeys/SEEP, to
change this trend.
"We are really thrilled
with the success of this first
market," said Shaun Ingra-
ham, director of SEEP and
Island Journeys. "People are
already asking if we can
have one next week so there
is an obvious need and
opportunity here."
The market celebrates the
production of "Made in
Eleuthera" food and crafts
and encourages the growth
of local sustainable agricul-
ture.
The individuals and busi-
nesses that participated
included: Bishop Dan
Nixon, Lucille's Bakery,
Coco Plums, Rosey's Cre-
ations, Gracefully Creations,
Nature Boys Nursery
Charles Strachan Straw
World, DJ's Bottled Toma-


CHARLIE STRACHAN'S straw work.


/


I --


toes, Debra Moxey's
Ceramics, Philip McPhee
and Collective of Farmers
of Tarpum Bay.
Fundraising and aware-
ness activities included t-
shirts sold by SEEP and the
Cape Eleuthera Institute
(CEI); and CFLs, fish poop
fertilizer and flyers about
conservation and saving
money at home, distributed
by The Island School.
"This farmer's market is
a great opportunity for us to
SEE page 12


=RIt., ,, I^ He
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+


\\EI)NEI)DAY, DECEMBER 30, 2009


* USA Select




tops Cobras


LYNDRICK Storr evades the Cherubims defence with a mid-air pass in the Pacers 53-34 win yesterday
at the Providence Holiday Classic.


AS THE Providence Holi-
day Classic winds down and
moves into its final day, teams
made late surges toward
tonight's title run.
The Pool Championships
will get started today at 9am
with the consolation third
place game at 7pm, followed
by the championship game at
8:30 pm.

USA SELECT - 62
CC SWEETING COBRAS - 48
* Featuring a duo of
Bahamian players in the
frontcourt and another with
Bahamian roots orchestrating
the action at the point, the
Houston, Texas-based squad
continued to plough their way
through the competition.
Danrad Knowles finished
with six points, nine rebounds
and four blocks, Eleuthera
native Alex Cooper added 10
points, seven rebounds and
two blocks and sensational
point guard added 16 points
and five assists to lead the
Select team.
Henry Riosco scored the
game's opening basket for the
Select team, but the Cobras
responded with a 14-1 run to
take a commanding lead
before the Selected Squad
closed the quarter with a pair
of late field goals.
The Cobras' lead grew to
as much as 14 in the second
quarter when Angelo Lock-


Pacers beat Teleos 53-34,
tourney moves into final day


hart dished an assist to Gabi
Laurent in traffic to give his
team a 20-8 lead with 2:43 left
to play in the half.
Riosco who finished with a
team high 17 points, fore-
shadowed what was to come
in the second half when he
scored the final six points of
the half to make the score 24-
16.
In the third, Rose, the son
of Bahamian basketball leg-
end Lynden Rose, and top
ranked point guard for the
recruiting class of 2012, assert-
ed himself on the offensive
end.
He opened the quarter with
a three, and his second shot
from long distance tied the
game at 24.
Andre Prince's fast break
lay-up gave the US team their
first lead of the game.
Prince followed with a
three on the ensuing posses-
sion and Rose capped the run
with a highlight reel assist to
Knowles which thread the
needle between the legs of
two defenders.
Cooper scored the US
team's sixth three pointer of
the quarter to give his team a
39-27 advantage.


With Lockhart penetrating
at will and Laurent, who fin-
ished with a game high 18
points dominating in the
paint.
The US team outscored the
Cobras 25-13 in the quarter
to take a 41-37 lead into the
final period.
Patrick Davis scored two of
his 10 points to open the quar-
ter and pull the Cobras with-
in two, but Riosco respond-
ed with a three pointer and
sparked another run.
Prince gave the Select team
a 52-42 lead on a breakaway
lay-up with 3:14 left to play.
Rose thrilled the crowd
over the game's final few min-
utes, routinely dribbling
between full court traps and
making a trio of three point-
ers late in the game to pull
away for the final score.

RM BAILEY PACERS - 53
TELEOS - 34
Leading by just one at the
half, the Pacers dominated
the final two quarters to pull
away late for the lopsided
win.

SEE page 10


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+


TRIBUNE SPORTS


WEDNESDAY, DECEMBER 30, 2009, PAGE 9


I III1 11


9r17 rrrr


~1THT~F


I11FA F Un


I IT1


'-Il�1


I


By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net
A WIMBLEDON mixed
doubles title and appearances
in the final of the both the
men's singles at the Aus-
tralian Open and the US
Open enabled Mark Knowles
to surge to the top of the chart
as The Tribune's Male Ath-
lete of the Year.
In a year that saw two track
and field athletes fall shy of
winning a medal at the 12th
IAAF World Championships
in Athletics and two profes-
sional boxers missed out on
their opportunities to win
major international titles,
Knowles was steady and con-
sistent in his performance on
the ATP tennis tour.
The highlight of the year
for Knowles came in July
when he and German Anna-
Lena Groenefeld teamed up
to win their first Wimbledon
mixed doubles title.
Knowles, 38, has now inked
his name on all four Grand
Slam titles, although he and
his men's doubles partner
Mahesh Bhupathi from India
missed the opportunity to
cash in on another crown at
the Australian Open in Janu-
ary and the US Open in Sep-
tember.
In April, Knowles and Bhu-
pathi also reached the final in
Barcelona, but they were
unable to pull through. Their
only victory came at the
Rogers Cup in Montreal,
Canada.
As a result of failing to win
the big ones, Knowles and
Bhupathi have severed ties
after playing together for the
past two years. Knowles will
now team up with American
Mardy Fish, whom he part-
nered with to win a title in
Memphis.
ii. Fresh from winning the
Olympic Games' bronze
medal a year ago, Leevan
'Superman' Sands came with-
in .4 inches of returning to the
podium at the 12th IAAF
World Championships in
Athletics in Berlin, Germany
in August.
Last year's Male Athlete of
the Year slipped to number
two when he got dropped
from the bronze medal spot
by Cuban Alexis Copello in
the sixth and final round of
the final.
Sands, who celebrated his
28th birthday on the day he
qualified for the final,
bounced back at the
IAAF/VTB Bank World Ath-
letics Final in Thessaloniki,
Greece in September with a


silver medal.
Sands eventually finished
the year with the tenth best
mark on the IAAF chart.
iii. Chris 'Fireman' Brown
painfully remembered how
American David Neville
dived across the finish line to
deny him a chance to cele-
brate with an Olympic bronze
medal last year.
At the World's, Brown was
in an unique position to
redeem himself, only to once
again be shut out when he
ended up in fifth place in the
men's 400 final.
Brown, 31, had to settle for
third place on this year's Tri-
bune voting list, although he
too stormed back at the
World Athletics Final for a
silver medal.
The national record hold-
er and national champion had
the tenth best time all season
of 44.81 seconds.
iv. Ramon Miller closed out
his two-year sting at Dickin-
son State by repeating as the
NAIA Indoor 200/400 cham-
pion as well as the outdoor
champion to secure the fourth
spot.
Miller, 22, came home and
took Brown to the line in
placing second at the
BAAA's Nationals before he
went to the World's and was
just shy of reaching the final
of the 400 when he posted a
personal best of 44.99.
That time put Miller 16th
on the IAAF's list, even
though he trailed newcomer
Latoy Williams (NJCAA
indoor bronze medallist and
outdoor champion), Brown
and Andrae Williams. Both
of the Williams from Grand
Bahama got injured and was
never able to show their true
colours.
v. Under new management,
Meacher 'Pain' Major round-
ed out the top five Tribune's
list with the three fights he
had at the Convention Center
in Buffalo, New York.
The 28-year-old lightweight
opened up with a sixth round
technical knockout over
American Kevin Carmody on
February 20. Four months lat-
er, he returned to the Big
Apple where he and Ameri-
can Michael Clark ended up
with a "no contest" result.
Apparently, Clark was
unable to finish the bout for
the vacant NABA lightweight
title two minutes and 14 sec-
onds into the first round due
to an accidental foul.
But after a protest lodged
by his management team,
Major was awarded the title
and he was elevated to num-
ber 15 in the WBA ranking.


Then in November, Major
defended the title against
American Dorin Spivey, only
to be TKOed 52 seconds into
the fourth round.
Honourable mention goes
to NBA Developmental
League players Bennet Davis
and Mitchell Johnson; golfers
Lemon Gorospe and Keno
Turnquest; bodybuilders Joel
Stubbs and James 'Jay' Dar-
ling; Latoy Williams and
Andrae Williams; hurdler
Shamar Sands; boxers Jer-
maine 'Choo Choo' Mackey
and Sherman 'the Tank'
Williams; Davis Cupper
Devin Mullings; swimmer
Vereance 'Elvis' Burrows;
softball pitcher Edney 'the
Heat' Bethel and volleyball
player Renaldo Knowles.


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PAGE 10, WEDNESDAY, DECEMBER 30, 2009


TRIBUNE SPORTS


Sportsability Bahamas



set to become new



annual sports festival


By AVA TURNQUEST
aturnquest@tribunemedia.net
THE ACTIVE leisure com-
munity can look forward to a
new annual sports festival
promising to unite and sensi-
tise Bahamians towards the
disabled community.
Sportsability Bahamas will
be a joint venture between
Adventures Unlimited
Bahamas and the Florida Dis-
abled Outdoors Association.
The team officially present-
ed their intent to Minister of
State for Youth and Culture
Charles Maynard yesterday
and have been guaranteed
government support in their
endeavours.
President of Adventures
Unlimited Bahamas Jerome
Thompson was the first blind
Bahamian to sail around New
Providence. Mr Thompson
noted that it was this experi-
ence and those of its kind that
formed the 'bedrock' for his
organisation.
The event will feature
indoor and outdoor activities
such as art experience and
dancing, basketball, martial
arts and laser tag shooting,
combined with a resource
expo with information booths


PRESIDENT of Florida Outdoors Association David Jones (right)
and President of Advetures Unlimited Bahamas Jerome Thompson
meets with the press and the Minister of Youth Sports and Culture
yesterday to address some upcoming events.


on the latest products, active
leisure programmes and dis-
ability services.
Sportsability is a multi-day
event locale to Florida that is
tailored towards accessible
inclusive recreation and active
leisure for all persons. This will
be the first time the event will
be held internationally.
FDOA President David
Jones maintained: "People
with disabilities are just that-
people. They have the same
needs and desires. We are
extremely honoured to be a


part of this wonderful oppor-
tunity. "
The festival is set for Sep-
tember 2011 and will afford
both the disabled and abled
community access to thera-
peutic recreational pro-
grammes.
"We want to chop down
some hills in the psyche of
Bahamians," added Mr
Thompson. "I want to see us
become more sensitive. This
will not be a one time thing."
The event welcomes both
private and public sponsorship.


ANDREW Forbes loses the ball among a crowd of defenders


USA Select

tops Cobras

FROM page eight
The Pacers led 22-21 at the
half but outscored the Cheru-
bims 31-13 in the second half
to advance.
RM Bailey opened the third
on an 8-2 run with an efficient
6-6 performance from the line
led by Stephen Strachan Jr.
After he sat half of the first
quarter and the entire second,
Strachan forced the issue in
the third and scored both at
the line and beyond the arch.
Strachan's baseline three
pointer with just over a minute
left to play in the quarter gave
the Pacers a 38-30 lead headed
into the fourth and gave him
11 points in the quarter.
The Pacers took their first
lead of double figures on a
putback by Dshon Taylor for a
40-30 advantage.
With a defense that held the
Cherubims to just one field
goal in the quarter, the Pacers
forced a series of turnovers
which translated to easy bas-
kets and a balanced scoring
attack.
Strachan finished with a
game high 13, Andrew Forbes
added 11 and Taylor added 10.
Renaldo Smith led the Cheru-
bim's with 10 and Spencer
Lewis added nine.


INSIGHT

Forth soresbein
th *nws0ea Is. h


Legal Notice
NOTICE
BAYANDA VISTANA INC.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
SILVERSTREAK HOLDINGS LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
PEARINGLY
INVESTMENTS PTE. LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.




ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
TRAMPLWORTH
INVESTMENTS LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.




ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
YARMOUTH INVESTMENTS LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
PLUTUS ENTERPRISES LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
YINLEYTON INVESTMENTS LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
TAMBERTON INVESTMENTS LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
JINZHOU VENTURES LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.





ARGOSA CORP. INC.
(Liquidator)


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


SPORTS I







+


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 11


7 MP Malcolm Adderley 'is


S& contemplating joining FNM'

igep Woods FROM page one makes absolutely no sense Business Obie Wilchcombe he endured under party leader Perry
FROM page one because the country is not and former Senator Sean Christie.
FROM page one ..... able to handle a by-election McWeeney. At the time, it was reported thai


wrote, adding that millions
of shareholders were affect-
ed.
"Our analysis makes clear
that while having a celebrity
of Tiger Woods' stature as
an endorser has undeniable
upside, the downside risk is
substantial, too," Stango, a
professor at the UC Davis
Graduate School of Man-
agement, said in a statement
released with the study.
Woods, believed to be the
world's wealthiest athlete
who was estimated to earn
about $100 million a year in
endorsements before his
troubles, confessed on
December 11 to "infidelity"
to his Swedish wife Elin
Nordegren. He announced
he would take an indefinite
break from golf to try to save
his marriage.
Some of the star golfer's
main commercial sponsors
have backed away from him
as a result of the scandal.
Others, while standing by
him, have said they are eval-
uating their future relation-
ship.


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.


quisn ls seat in lavour o01 an appoint-
ment on the Bench.
However, as sources within the
FNM have pointed out, such a move
would not be politically empowering
for the party as it would still have to go
out and win the Elizabeth seat the MP
would have had to relinquish.
Therefore, the source said, it makes
profound sense for the MP to use the
political currency he has to barter for
whatever post the government can
make available to him in return for
his seat.
"The PLP is actively campaigning
an individual in Elizabeth so they can
hardly expect the man to believe that
they want to talk," the source said.
"Leaving to go to the judiciary


at this time. And if he wants
to send a strong message to
some on his own side, what
better place to make it from
but the other side?" he
laughed.
Currently there is a com-
mittee that has been formed
by the PLP's National Gen-
eral Council (NGC) to meet
and speak with Mr Adder-
ley to ascertain whether the *
MP intends to leave the
party for the FNM.
This committee, which is chaired by
PLP Deputy Leader Philip 'Brave'
Davis, includes other party names such
as the PLP's Leader of Opposition


However, after numerous
attempts by committee
members to meet with the
MP, it is claimed that Mr
Davis has now had to for-
mally write to Mr Adder-
ley who up to this time was
"hard" to catch up with.
While this came as news
to some within Mr Adder-
ley's camp, a source close
to the MP said he was quite
surprised that their efforts
had failed as the MP was
quite "easy to access."
As it is well known within in the
PLP, Mr Adderley has been very vocal
about the "mistreatment" he claimed


Mr Adderley had been promised the
post of Attorney General prior to the
PLP's 2002 election. However, upon
gaining the government, Mr Adderley
was reportedly called into the then
PM's office and offered the post of
Speaker of the House of Assembly.
After an exchange of "heated"
words, it is alleged that Mr Adderley
was then offered the post of Chair-
man of the Water and Sewerage
Board - a position he also turned
down.
Following the PLP's loss at the polls
in 2007, Mr Adderley took up the post
of Chairman of the Gaming Board
under the FNM government, a posi-
tion he continues to hold.


, Prison officer

accidentally

shot on duty

FROM page one

ing the officer in question is in
stable condition at the
Princess Margaret Hospital
and that the injury is not con-
sidered to be life threatening.
The police said the matter
"appears to be an accident
which occurred during a rou-
tine shift change" but added
that investigations continue.


POLICE LEAVE the prison
yesterday.





Felipd Major/
Tribune staff


I ODSUSSOISO HSIPAGE LG ON0T WWW.TIBUE22CO0


K


t
it







+


PAGE 12, WEDNESDAY, DECEMBER 30, 2009


THE TRIBUNE


South Eleuthera's ,



Farmers Market *



a huge success

FROM page seven

share more about our conservation goals and to encourage "ig ;
people to eat and buy more locally," said Karla Cosgriff of
CEI. "We hope the market expands to include more vendors.
and can be used to educate people on the possibilities of sus- .' " -" : .*
tainable food production in Eleuthera." lop -
Currently the event is scheduled for the last Saturday of mi
each month with the goal of more markets during peak
agricultural seasons. ...
The Island School is a three-month semester leadership
programme for high school students. Participants come
from all over the world to learn about the tropical marine -
environment and Bahamian culture. -
The Cape Eleuthera Institute is a tropical ecology research
facility which hosts educational programmes and finds solu- N
tions for resource management issues. V-,
Island Journeys/South Eleuthera Emergency Partners
(SEEP) is a citizen led group committed to providing emer-
gency services to the citizens of South Eleuthera.


PICTURED RIGHT IS Megan at CEI's Education Display


r Police confirm body


is that of missing man


Only post pictures or videos that you

have been given permission to post.

Don't post things that you may regret.


. .
. f



"Exercl E Be-ty lacd courlegy evleryday"


IN PAHTNERSMIP WITH


FROM page one

been no word from him
the following day police
were informed and an
online campaign was
launched on social net-
working site Facebook to
help find him.
Nearly 1,000 people
pledged their support to
the cause, and rumours of
his death spread when the
body was discovered in
Sands Road.
But Mr Farrington's
family did not lose hope
until police from the Cen-
tral Detective Unit con-
firmed the remains were
his on December 23.
Ms Ferguson said: "We
still really can't believe it,
it is hard right now to
understand exactly how
this could happen
"We don't know what
happened, we really don't
and the police are still
investigating.
"It's still a shock. Every
time I talk about it I just
break down.
"He was just so special.
He was family orientated,
he loved his friends, and
everybody just loved Fran-
cis."
The youngest of
Rudolph and Rosalie Far-
rington's six children
excelled in academics and
sports throughout his aca-
demic life and he moved
easily from CW Sawyer
Primary School, to AF
Adderley Junior High
School, and then the exclu-
sive St Andrew's School
where the outstanding stu-
dent was awarded a full
scholarship and graduated
as deputy head boy and
Valedictorian in 1999.
Among the numerous
awards he received, Mr
Farrington became the
first Bahamian to win a full
scholarship at a Canadian
university.
He graduated from St
Thomas University in
Fredericton, New
Brunswick, Canada, with a
BA in Economics in 2003
and went on to earn a
Masters degree in Business
Economics at the Wilfred
Laurier University in
Ontario, Canada, before
accepting a job as a trans-
fer pricing associate for
Pricewaterhouse Coopers
in Calgary.
The proud Bahamian
who had represented his
country in basketball dur-
ing his youth returned to
Nassau in 2005 to work as
an economist with the
Securities Commission and
then accepted a position at
Transfer Solutions
Providers Limited before
resigning in April to return
to Canada and study for


the Certified Financial
Analyst (CFA) exams.
It was during a short vis-
it with his family in Nas-
sau that he disappeared.
Ms Ferguson said:
"Francis was being sought
to fill job vacancies both
locally and in Canada right
up to the time when he
was discovered missing.
Words alone cannot
explain how much we love
and miss this special son,
brother, friend and human
being."
All who knew Mr Far-
rington describe him as a
warm and loving, ambi-
tious and hardworking
individual who could not
help but succeed in all
areas of life.
They have flooded the
Facebook website created
to help find him with writ-
ten messages and pho-
tographs in tribute to their
friend since they learned
of his incomprehensible
death.
Tania Blanchette wrote:
"That smile, that laugh,
that face; I can't believe
that this world could take
away someone as beauti-
ful and wonderful as him, I
just can't.
"This is grater than a
tragedy, it's truly paralyz-
ing to think that I will nev-
er see or hear from him
again."
Indira Beryl Martin
wrote: "Francis, beloved
brother and friend to me
and so many others: you
will always live on in my
memories and carry my
eternal admiration. I will
never forget your giant
laugh or your giant heart
that had space for so many
people. Live on brother as
I know you have not
departed, only transcend-
ed. Love and miss you."
St Thomas University
(STU) student Tara
MacIsaac said: "I just want
to let his friends and fami-
ly know that my thoughts
and prayers are with you
all. Francis was an amaz-
ing person and I will
always remember his
smile.
"It has shocked those of
us who knew him from
STU to no end and we
hope in the future we will
have answers to this
tragedy."
A funeral service will be
held at St John's Native
Baptist Cathedral in Meet-
ing Street, Nassau, at 10am
on Tuesday, January 5.
Tributes to him can be
sent to the family for inclu-
sion in a memorial booklet
if submitted by noon
today. Please email your
memories to iriegyrl@hot-
mail.com or kevinj_Far-
rington@hotmail.com.


IODSCUSS STOIS SNTI AELGO TO ' WWTIBUE4.O I







+


TRIBUNE




USin
WED S Y,
WEDNESDAY,


* Arawak Homes
chairman says 'two
material overhangs'
for Bahamas are fate
of $2.6bn Baha Mar
project and
government reining
in public spending
* Expects 2010 to be
better year for
housing developer,
although public policy
response to Cable
Beach work permits
critical
* S&P downgrade
raises 'legitimate
questions' about
internal Bahamas
focus


SS


DECEMBER 30, 2009


54CTO Bo uinestibueei~e


By NEIL HARTNELL
Tribune Business Editor
Bank of the Bahamas Inter-
national's managing director
yesterday indicated the insti-
tution might launch a new
preference share issue in the
New Year to further fortify
its capital base, having
increased shareholder equity
by an average $15 million per
year over the last eight years.
Speaking after the BISX-
listed institution had experi-
enced a 29 per cent increase
in the fiscal 2011 first quar-
ter's net income to $3.665 mil-
lion, compared to $2.83 mil-
lion the year before, Paul


FRANKLIN WILSON
By NEIL HARTNELL
Tribune Business Editor
While Arawak Homes
expects to construct more
properties and enjoy a more
prosperous 2010 compared to
this year, the developer's
chairman yesterday said there
were two "material over-
hangs" that could impact the
Bahamian economy's near-
term performance - the fate
of the $2.6 billion Baha Mar
project and the need to rein in
Government spending.
Franklyn Wilson told Tri-
bune Business that Standard
& Poor's (S&P) pre-Christ-
mas decision to downgrade
the Bahamas' long-term sov-
ereign credit rating had raised
"legitimate questions" about
how well this country was
"managing its own affairs",
suggesting that an internal
focus would be key to this
economy's performance in
2010.
Emphasising that he was
"praying for better fiscal man-
agement", Mr Wilson said
that regardless of the exter-
nal forces impacting the
SEE page 5B


McWeeney said Bank of the
Bahamas International was
assessing various strategies for
financing future growth/lend-
ing opportunities.
"We're looking at various
options," he told Tribune
Business yesterday. "We'd
like to reshape the funding
side of the balance sheet as
best we can. Preference shares
are not the best route to go,
but are the most attractive in
the current economic climate.
"I suspect there could be a
new offering in the New Year,
but preference shares are not
the ideal route for the bank to
go because it's very expen-
sive. But right now, it's the


Costs to rise 83.5-Sm from

Abaco plant's 'fuel switch'
By CHESTER ROBARDS upon its distance (two miles)
Business Reporter from the coast," the EIA said
crobards@tribunemedia.net under the general heading


Opponents of the Bahamas
Electricity Corporation's
(BEC) $105 million Abaco
power plant are arguing that
the project's Environmental
Impact Assessment (EIA), by
Florida-based KES Environ-
mental Services, contains
numerous inaccuracies and
inconsistencies.
President of Responsible
Development for Abaco
(RDA), Clint Kemp, said the
EIA, which is available on the
Bahamas Environment, Sci-
ence and Technology (BEST)
Commission, asserts that the
power plant construction site
was two miles from coastal
areas.
However, aerial pho-
tographs of the site and a fly
over conducted by RDA, on
which it was accompanied by
Tribune Business, showed the
coast to be only a few thou-
sand feet from the site of the
development.
"In addition, no impacts are
anticipated as a consequence
of the operations of the main
power plant facility based


Broker's $25m collapse

'struck' from indictment


By NEIL HARTNELL
Tribune Business Editor
An investor accused of
defrauding two Bahamian
brokerage houses out of a col-
lective $29 million has won a
partial victory in the US
courts, after a judge agreed
to strike out a part of the
indictment alleging that his
activities caused one of those
firms to collapse into liquida-
tion.
Justice Robert Kelly, sitting
in the US district court for
eastern Pennsylvania, ruled
that the US governments alle-
gations that George Geor-
giou's activities caused the $25
million collapse of Caledonia
Corporate Management, the
Bahamian brokerage firm, be
"-i i c'k, n ' because they were
potentially prejudicial to the
Canadian investor's defence.
The words ordered
removed from the indictment
stated that "because Caledo-
nia was unable to cover those
massive losses, the firm could


Investor accused of
defrauding two
Bahamian brokerages
of $29m, and causing
Caledonia slide into
insolvency, wins partial
pre-trial victory

no longer operate and was liq-
uidated".
The judge made this order
in relation to various motions
filed by Georgiou in a bid to
dismiss the February 12, 2009,
case brought against him by
the US government and Fed-
eral Bureau of Investigation
(FBI), who had accused the
Canadian of "leading an inter-
national securities fraud con-
spiracy involving the manipu-
lation of the stocks of four
publicly traded companies
SEE page 6B


"environmental acceptability
of the project".
Tribune Business also
inquired about the environ-
mental consultant approval
letter attached to the EIA,
which stated that it was "RE:
Snake Cay Power Plant, Aba-
co - Pre-approval of Consul-
tants."
Kevin Basden, BEC's gen-
eral manager, said the EIA
SEE page 4B


best solution for the market-
place.
"Once we know the mar-
ket is turning, and growth is
possible out there, we'd like
to support it with decent equi-
ty."
Mr McWeeney emphasised
that a key goal for the bank
was "to fortify the long-term
capital base to withstand the
sort of shocks we've gone
through" with the current
recession, and correspond-
ingly sharp increase in non-
accrual loans.
Bank of the Bahamas Inter-
national's current Tier I capi-
SEE page 2B


IAS
I J- - -


$4.05



D)$4.21


$4.21


Ti. Ti


NASSAU
(242) 356-9801
FREEPORT
(242) 351-3010
MARSH HARBOUR
(242) 367-3135


Bank considers New PLP Senator:



Year preference issue $ devaluation


* Bank of the Bahamas International sees profits up 29% in 2011 concerns rise


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7Th


Q1, with capital base increasing by $15m on average over last
eight years
* Eyes credit card platform for export, and expects to
commence talks with one credit card firm in 2010 first quarter
* 'Fairly confident' not have to take any further provisions
beyond initial $2.655m
* Expects headquarters construction to start in 2010


By NEIL HARTNELL
Tribune Business
Editor
The downgrade of
the Bahamas' long-term
sovereign credit rating
is "the first step
towards a potential
devaluation of the
Bahamian dollar's
one:one peg with its US
currency counterpart, a
PLP Senator warned b
yesterday, expressing
fears that "this could be
upon us in a year or JEROME FITZGERALD
two" if corrective actions
were not implemented now.
Jerome Fitzgerald, who is also RND Holdings'
chairman, said Standard & Poor's (S&P) concerns
over the composition of the national debt, part of the
reasons it cited for the downgrade to 'BBB+' invest-
ment grade, were directly related to the fact that
Bahamian foreign currency debt had doubled as a
percentage of the total - from 10 per cent to 20 per
cent - over the last two years.
With the downgrade meaning that any future inter-
national borrowings by the Bahamian government
were likely to require a higher interest rate to attract
investors, thereby raising the public sector's borrow-
ing costs, Mr Fitzgerald said: "This downgrade, to
me, is the first step in our dollar coming under threat.
"What happened, and the reason why S&P
expressed concern about the US$ borrowings, is that
foreign currency borrowings have doubled in the last
two years and are now $1 billion. That's the point
S&P are concerned about. They're concerned that
the make-up of the debt has changed, and they're
concerned that the foreign debt component has
increased."
Arguing that the former Christie-led PLP adminis-
tration reduced the foreign currency component of the
national debt by about $100 million, from $500 million
to near $400 million, during its 2002-2007 tenure, Mr
Fitzgerald said the Ingraham administration's
increased borrowing could produce balance of pay-
ments pressures.
The increased foreign currency debt component,
Mr Fitzgerald said, would "increase pressure on us to
find US dollars" to service principal and interest
repayments at a time when the main capital inflow
sources - tourism and foreign direct investment - were
severely reduced.
"If we can't make payments on that US dollar debt
SEE page 5B







+>


PAGE 2B, WEDNESDAY, DECEMBER 30, 2009


THE TRIBUNE


Government: 23






TIEAs in position


The Government last night said the
Bahamas has concluded Tax Infor-
mation Exchange Agreement (TIEA)
negotiations with 23 countries to-date,
with 10 signed, in a move to allay fears
that this nation might not meet the
Organisation for Economic Co-Oper-
ation and Development's (OECD)
deadline for escaping its so-called 'grey
list'.
Adding that it expects to exceed by
the OECD's March 2010 deadline and
required minimum of 12 signed agree-


ments, the Government said the 10
signed TIEAs were with the US,
Monaco, San Marino, the United King-
dom, New Zealand, the Netherlands,
the People's Republic of China,
Argentina, Belgium, and France.

Negotiations

It added that TIEA negotiations
have been successfully concluded with
Germany, Canada, Spain, Mexico,
Australia, South Africa, South Korea,


and the seven Nordic countries of Nor-
way, Sweden, Finland, Denmark, Ice-
land, Greenland and Faroe Islands.
The signature on agreements by
countries with whom the Bahamas has
concluded negotiations will follow the
completion of their relevant internal
procedures required for the signing of
treaty instruments. These internal pro-
cedures, which have been fast tracked
by some countries, include the added
requirement of translating the agree-
ment into relevant native languages.


Stocks slip to break


six-(


SARA LEPRO,
AP Business Writers
TIM PARADISE,
AP Business Writers
NEW YORK


The stock market edged
lower Tuesday, breaking a
six-day advance as reports on
home prices and consumer
confidence did little to excite
buyers.
Major indexes rose mod-
estly in the early going but
slipped as the dollar strength-
ened and tugged on com-
modities prices. A stronger
dollar makes commodities
more expensive for foreign
buyers.
Trading was quiet, as it has
been in recent days, and many


winning streak


investors left at the end of the
day for a long New Year's
weekend. The low volume
held the Dow Jones industri-
al average to a 36-point range,
the narrowest in nearly three
years. The modest losses
came after stocks had risen
for six straight days.
Economic reports looked
stronger but failed to galva-
nize investors. The Confer-
ence Board said its index of
consumer confidence rose to
52.9 in December from 49.5
in November. That was slight-
ly better than economists had
forecast.
The index remains well
below what is considered
healthy. A reading of 90 or
more signals a solid economy.


However, the index has
jumped from a historic low of
25.3 in February.
Home prices also rose. The
Standard & Poor's/Case-
Shiller's home price index
rose for a fifth straight month
in October, edging up 0.4 per-
cent. The index was off 7.3
percent from October last
year, roughly in line with
expectations.

Analysts
Analysts said there were
few surprises in the economic
numbers to drive the market.
"The reports we're seeing
broadly reinforce the expec-
tations we've had," said Jim
Baird, partner and chief
investment strategist for
Plante Moran Financial Advi-
sors in Kalamazoo, Mich. "It's
slow and steady; It's not
explosive improvement."
The Dow slipped 1.67, or
less than 0.1 percent, to
10,545.41.
The trading range was the
tightest since February 2007
and the fifth straight day
when the index has swung by
fewer than 70 points.
The Standard & Poor's 500
index fell 1.58, or 0.1 percent,
to 1,126.20, while the Nasdaq
composite index fell 2.68, or
0.1 percent, to 2,288.40.
Interest rates fell after a
successful auction of $42 bil-
lion of five-year notes. The
Treasury Department is issu-
ing $118 billion in debt this
week as part of its efforts to
fund its stimulus programs.
With so much debt flooding
the market, there's been con-
cern this year that demand


would diminish. Most auc-
tions though have been able
to attract decent demand.
The yield on the 10-year
Treasury note, which is used
as a benchmark for consumer
loans, fell to 3.80 percent from
3.85 percent late Monday.
The dollar reversed an ear-
ly slide and moved higher
against other currencies.
Oil rose 10 cents to settle
at $78.87 per barrel on the
New York Mercantile
Exchange. The stronger dollar
held oil below $79. Gold fell.
Tim Speiss, chairman of
Personal Wealth Advisors
practice at Eisner LLP in New
York, said he expects to see
the market build on its recent
gains at the start of the new
year and through the first
quarter.
"We're going to be build-
ing momentum," he said.
Falling stocks narrowly out-
paced those that rose on the
New York Stock Exchange,
where consolidated volume
came to a light 2.6 billion
shares, down from Monday's
2.8 billion.
In other trading, the Russell
2000 index of smaller compa-
nies fell 0.57, or 0.1 percent, to
633.18.
Overseas, Britain's FTSE
100 rose 0.7 percent, Ger-
many's DAX index added 0.1
percent, and France's CAC-
40 rose 0.3 percent. Japan's
Nikkei stock average inched
up less than 0.1 percent.


FROM page 1B

tal ratio, or risk adjusted capital, stood at 24 per cent, well
above the new 'trigger' threshold of 14 per cent set by the
Central Bank of the Bahamas.
The bank's shareholder equity was "just shy" of $120 million,
Mr McWeeney adding: "When I took over eight years ago, it
was $17-$18 million. That was a major goal of mine, to increase
the capital base, so since I took over we've increased the cap-
ital base by $15 million a year."
As for the expected fiscal 2011 bottom line performance, the
Bank of the Bahamas International managing director added:
"We don't expect to be any less than we were last year. My view
is that if you're on par with last year, you're ahead of the
game."
Mr McWeeney said Bank of the Bahamas International had
suffered in line with the rest of the industry when it came to
non-performing and past due loans as the economy spiralled
downwards, telling Tribune Business the institution was "hope-
fully slightly below" the 9 per cent average for non-performing
loans as a percentage of the total portfolio.
The Bank of the Bahamas International's managing director
added that the rise in non-performing/non-accrual loans had
also been responsible for the drop in the bank's first quarter
interest income to $12.775 million, compared to $13.645 million
a year ago - a fall of almost $900,000.
Still, as evidenced by the more than $14 million growth in
Bank of the Bahamas International's loans and customer
advances during the three months to September 30, 2009,
reaching over $570 million, lending opportunities are still there.
"There's still good demand out there," Mr McWeeney said.
"It's important the banks do lend to get the economy out of this,
and we still have a positive view on business expansion. Where
there are positive prospects, we will look at it. Hopefully, a lot
of the non-performing loans will correct themselves over the
next year."
Following a "hard look" at its total loan portfolio by its
internal credit risk department, Bank of the Bahamas Inter-
national took a $2.655 million provision for specific loan loss-
es in the 2011 first quarter.
"We feel fairly confident that we will not have any significant
further provisions for the year," Mr McWeeney said, adding
that to meet both the Central Bank's and International Finan-
cial Reporting Standards (IFRS) requirements, specific provi-
sions were being recognized in the income statement, not the
balance sheet.
This helped to explain why Bank of the Bahamas Interna-
tional recorded a positive $1.8 million swing on its net credit loss
expense, the chief factor behind its improved net income per-
formance. The bank has also used a portion of its retained
earnings to create a general reserve.
Meanwhile, Mr McWeeney said Bank of the Bahamas Inter-
national "'. \p1-I' the return on investment to be significant"
from transferring its credit card processing platform in-house.
Pointing out that this was a service the bank planned to
export, Mr McWeeney said one credit card company, which cur-
rently used the same Panama-based processor it had done,
was interested in starting talks with Bank of the Bahamas
International in the 2010 first quarter about switching to its plat-
form.
"It has the ability to support credit card platforms from any
country in the world," Mr McWeeney said. "Once we're satis-
fied it's functioning properly, we will be marketing that outside
the Bahamas. That's a prime vehicle we can market outside the
country."
Bank of the Bahamas International also expected to start the
first phase construction on its new West Bay Street headquar-
ters i 2010. That phase will involve the building that will
house the bank's headquarters functions, the first phase of a
three-stage project.


I ODSUS STOIE ON THI PAG LOG ON TOWWTIUE4.O


LEGAL NOTICE
UKRNAFTA & OPPORTUNITY FUND LTD.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Fund ("the Company") is
in dissolution, commencing the 4th day of December 2009. Creditors
having debts or claims against the Company are required to send
particulars to Craig A. (Tony) Gomez, Liquidator of the said Company at
the offices of Baker Tilly Gomez, The Deanery, 28 Cumberland Street,
P 0. Box N-1991, Nassau, Bahamas and if so required by notice in
writing from the said Liquidator, to come in and prove the said debts
or claims at such time and place as shall be specified in such notice,
or in default thereof, they will be excluded from any distribution made
before such debts are proved or precluded from objecting to any such
distribution.

Dated the 30th day of December, 2009

Craig A. (Tony) Gomez
Liquidator


BUSINESS I







+


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 3B


Airlines


set to


extra security


incur





costs


By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net
The increased costs from
enhanced security measures
at Lynden Pindling Interna-
tional Airport (LPIA) will
be incurred by the airlines
that use it, the Nassau Air-
port Development (NAD)
Company's president said
yesterday.
Craig Richmond, who is
also NAD's chief executive,
said the airport operator
could also face extra costs
because of the increase in
security due to the foiled
Christmas terror attack.
However, the additional
security will be seen at the
gate and not at pre-US Cus-
toms screening.
Mr Richmond said addi-
tional passenger screening
at the jetway gate has caused
delays for most of the air-
lines, and some passenger
malcontent.
However, he added that
most passengers understand
the increased security and
endure the longer boarding
processes.
"People generally realize
that measures are put in
place for their own safety,"
Mr Richmond said.
According to him, NAD
has not yet tallied the addi-
tional costs, but insisted that
it will be nominal. "We
don't have to bring on any
more staff," Mr Richmond
added.
On Christmas Day, a
Nigerian man aboard a


transatlantic Delta flight to
Detroit tried to ignite an
explosive or incendiary
device hidden in his under-
wear aboard the plane when
he was subdued by vigilant
passengers.
According to news organ-
isations, the new security
measures caused by this
event, labelled a terrorist
attack by US president
Barack Obama, have been
causing vast delays in flights
and angst among passengers.

Backlash
The Bahamas Hotel Asso-
ciation's president, Robert
Sands, said that despite the
possible backlash for travel,
the paramount issue at the
airport is passenger safety.
"We cannot put anything
in front of that particular
issue, and the BHA supports
the initiatives to put in place
the procedures that will give
confidence to the travelling
public," he said.


According to Mr Sands,
there is concern that travel
to the Bahamas could be
disrupted because of the
measures put in place at air-
ports. He further lamented
that this incident, coming
amid an economic recession
that stunted tourist arrivals
by air during the past year,
could be a double hit in
arrival numbers.
"It is regrettable that par-
ties continue to terrorise the
travelling public, which
could infer some additional
fear," said Mr Sands.
This change in security
measures also comes after
the airport removed the
highly-contested second x-
ray screening at the entrance
to the departure lounge.
Many people considered the
second screening obsolete
and a nuisance.
Mr Sands said "there
would be a greater concern
if travellers did not feel the
appropriate screening is in
place".


ITDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22CO0


T1~7


BIE Bank & Trust Bahamas Ltd.
Is seeking the services of a
SENIOR TRUST OFFICER
The successful applicant will assist in providing supervisory support to the Trust
Manager of the Fiduciary Department.
Key Responsibilities
* Maintain professional administration of high net worth Fiduciary accounts.
* Liaise with clients and their advisors in the establishment of new Fiduciary
structures and the ongoing management and administration of existing
structures.
* Meet clients' needs in a timeley, professional manner.
* Review existing accounts to assure the administration is conforming to the
terms of the instrument and that client expectations are met.
* Contribute towards operational strategies, financial planning and bank
policies and procedures.
* Ensure compliance with in-house procedures and relevant legislation with a
view to minimizing risks.
* Develop and implement training related to Fiduciary account administration
matters.
Qualifications and Experience:
* Relevant professional qualification such as STEP, LLB or advance degree.
* Comprehensive knowledge of fiduciary law and estate planning.
* Minimum of 5-10 years of successful experience in managing fiduciary
relationships with high net worth clients (or equivalent).
* Proficiency in MS Office Suite (Word, Excel).
* Excellent interpersonal and communication skills.
* Comprehensive knowledge of due diligence requirements and anti-money
laundering legislation and regulatory provisions of the Bahamas.
* Detail-oriented, problem solving, analytical and organizational skills.
* Working knowledge of The Bahamas legislation and regulations and their
relationship to trust and corporate policies and procedures.
* Portuguese or Spanish language a plus, but not required.
Salary will commensurate with qualifications and experience.
Interested applicants meeting the above qualifications should submit a recent
resume by January 5th, 2010 to:
Human Resources
P.O. Box N-3990
1st Floor, Charlotte House
Nassau, Bahamas
Fax: 242-328-2750


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.


A \ N S B L H L R


Ansbacher (Bahamas) Limited, a specialist In private bank-
ing, fiduciary services and wealth management is seeking
candidates for the position of:

Senior Relationship Manager/Private Banker

The successful candidate will:

* Manage and motivate a team of Relationship Officers
providing guidance, supervision, performance and
personal development

* Develop new business and manage a portfolio of client
relationships

* Market private banking, fiduciary and portfolio
management services

* Cross-sell the Company's products and expand existing
relationships

Qualifications:

* University Degree in Finance, Banking or Business
Administration and/or related professional designation

* At least five year's experience in the private banking sector
and have a thorough knowledge of private banking
products and services

* Established record of new business development

* Strong communication, analytical, interpersonal and
organizational skills

* Proven excellent client relationship service

* Fluency In a foreign language would be an asset

Applications should be submitted to:
Human Resource Department
P. 0. Box N-7768
Nassau, Bahamas
Fax 394-8898
E-mail: vacancies@ansbacher.bs

The deadline for all applications by hand, fax or e-mail is
Thursday December 31, 2009.


Security
Position Purpose
The purpose of this position is to promote, enforce, and regulate the highest security standards
and practices in the workplace and to investigate and respond to various types of emergencies
as required to ensure a safe and secure work environment.

Environment
This position exists in an ever-changing environment that requires flexibility and the ability to
embrace frequent change. It requires persons with strong, genuine passion for promoting and
enforcing high safety and security standards.

Duties:
* Provide continuous monitoring of entire facility (offshore and onshore) utilizing
CCTV systems.
* Ensure only authorized persons access facility following ISPS protocol.
* Provide written/ verbal Reports of /Security matters to Management.
* Maintain daily turn-over log of all activities on shift, including equipment status,
and any unusual or important happenings.
* Conduct regular patrols throughout Terminal facility
* Investigate and report on all suspicious circumstances and hazardous conditions on
shift.
* Conduct spot checks on Vehicles and personnel at Terminal checkpoints.
* Provide assistance during evacuation exercises.
* Control traffic within the Facility, checking for violations, and enforcing full
compliance of company rules and regulations regarding motorized equipment.
* Receive and transfer incoming calls throughout facility.

Experience:
No prior experience required, training will be provided in all area.

Job Requirements:
* High School graduate
* Age 25-30
* Experience in Security, Safety and Fire-Fighting a good asset but not mandatory.
Training will be provided in all areas.
* Good Verbal and written communication skills (mandatory)
* Good working knowledge computer skills an asset
* Prepared to work 12 hour shift cycle
* Good physical condition
* Passion for excellence and teamwork

Reporting Line:
This position reports to the Safety and Security Superintendent.

Applications should be submitted to the
SHEQ Manager
Bahamas Oil Refining Company International Limited
Dbs Vopak Terminal Bahamas
P. O. Box F-42435
Freeport, Grand Bahama, Bahamas
On or before December 31, 2009


BUSINESS I







+>


PAGE 4B, WEDNESDAY, DECEMBER 30, 2009


THE TRIBUNE


COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT


2008/CLE/qui/1322


Common Law and Equity Division

IN THE MATTER of three (3) pieces parcels or lots
of land situate on the Northwestern Side of the Queen's
Highway approximately Two Thousand One Hundred
and Thirty-three (2,133) feet West of the Bridge to
Newton Cay in the Settlement of Seymours North
Long Island one of the Islands of the Commonwealth
of The Bahamas

AND

IN THE MATTER of the Quieting Titles Act, 1959
Chapter 393

AND

IN THE MATTER of the Petition of Eddington
Burrows

NOTICE OF PETITION

The Petition of Eddington Burrows of the Settlement
of Seymours North Long Island one of the Islands of
the Commonwealth of The Bahamas in respect:

"ALL THOSE three (3) pieces parcels or lots of
land situate on the Northwestern Side of the
Queen's Highway approximately Two Thousand
One Hundred and Thirty-three (2,133) feet West
of the Bridge to Newton Cay in the Settlement of
Seymours North Long Island one of the Islands
of the Commonwealth of The Bahamas containing
Fifty Seven Thousand Seven Hundred and Fifty-
five (57,755) square feet which said pieces parcels
or lots of land are bounded on the North by
mangrove and running thereon One Hundred and
Forty-two and ninety-five hundredths (142.95)
feet on the East by land the property of John Smith
and running thereon Two Hundred and Ninety-
five and thirty-nine hundredths (295.39) feet on
the South by the Queen's Highway and running
thereon One Hundred and Fifty-six and sixteen
hundredths (156.16) feet on the West by Land the
property of Hubert Smith and running thereon
Four Hundred and Fifty-eight and fifty-three
hundredths (458.53) feet which said pieces parcels
or lots have such position shape marks boundaries
and dimensions as are shown on the diagram or
plan attached hereto and thereon coloured pink."

Eddington Burrows claims to be the owner of the
unincumbered fee simple estate in possession of the
said pieces parcels or lots of land and has made
application to the Supreme Court of the said
Commonwealth under Section 3 of the Quieting Titles
Act 1959 to have his title to the said pieces parcels or
lots of land investigated and the nature and extent
thereof determined and declared in a Certificate of
Title to be granted by the Court in accordance with
the Provisions of the said Act.

Copies of the plan of the said land may be inspected
during normal office hours at the following places:

a. The Registry of the Supreme Court Ansbacher
Building, East Street in the City of Nassau.

b. The Chambers of Plakaris & Co., No. 16
Market Street, in the City of Nassau.

Notice is hereby given that any person having dower
or right of dower or an Adverse Claim or a claim not
recognized in the said Petition shall on or before the
30th day of December A.D., 2009 file in the Supreme
Court and serve on the Petitioner or the undersigned
a Statement of his Claim in the prescribed form,
verified by an Affidavit to be filed therewith. Failure
of any person to file and serve a Statement of his
Claim on or before the 30th day of December A.D.,
2009 will operate as a bar to such claim.

PLAKARIS & CO.
Chambers
No. 16 Market Street
Nassau, N.P.,
The Bahamas

Attorney for the Petitioner


Legal Notice



INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)


SOUTHERN POINT VENTURES LTD.
In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No.45 of 2000),
SOUTHERN POINT VENTURES LIMITED. has been
dissolved and struck off the Register according to the Certifi-
cate of Dissolution issued by the Registrar General on the 5th
day of November, 2009.

Robert Roynon-Jones
Les Buissonets, Rue de la Hougette
St. Clement
Jersey, JE2 6LD
Liquidator


Costs to rise $3.5-Sm from



Abaco plant's 'fuel switch'


FROM page 1B

did not require a second pre-
approval of the consultant
because it was the same pro-
ject but a different site.
RDA is alleging that the
Government, BEC and its
contractors began clearing the
site before the EIA was com-
plete. However, Mr Basden
insisted that Friends of the
Environment and other Aba-
co NGOs concerned about
the plant underwent a walk-
through of the property
before any construction
began. However, those NGOs
refute that claim.
Mr Kemp argued the road
to the present site of the $105
million power plant, which is
60 per cent complete, had
been pushed through before
the BEST Commission first
received the completed EIA.
Some EIA photographs show
some possible clearing may
have been done at the time
the pictures were taken.
Another concern raised by
the NGOs is the proximity of
the fuel pipeline and the pow-
er plant to a national park.
The EIA contends that the
facility is seven miles away
from the nearest settlement,
but small residential develop-
ments exist within three miles
of the plant as well as a sub-
stantial amount of farmland,
said to be the bread basket of
the island.
Mr Kemp said he suspects
this project was dreamt up in
a day, and carried out with-
out regard for a proper EIA
and public consultation.
According to the EIA:
"During the building permit
application and EIA review
process at the Town Planning
Committee meeting, should
the committee deem it neces-
sary and if there is strong pub-
lic objection to the project,


NOTICE

RUCOL LIMITED

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

(a) RUCOL LIMITED is in voluntary dissolution under
the provisions of Section 137 (4) of the International
Business Companies Act 2000.
(b) The dissolution of the said company commenced
on the 24th December, 2009 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.

(c) The Liquidator of the said company is Credit Suisse
Trust Ltd. Rue de Lausanne 17 bis, Geneva.

Dated this 29th day of December, A. D. 2009

Credit Suisse Trust Ltd.
Liquidator



NOTICE

SORUVIND COMPANY LTD.

N 0 T I C E IS HEREBY GIVEN as follows:
(a) SORUVIND COMPANY LTD. is in voluntary
dissolution under the provisions of Section 137
(4) of the International Business Companies Act
2000.

(b) The dissolution of the said company
commenced on the 24th December, 2009
when the Articles of Dissolution were submitted
to and registered by the Registrar General.
(c) The Liquidator of the said company is CST
Administration (Bahamas) Limited, The Bahamas
Financial Centre, Shirley & Charlotte Streets,
Nassau, Bahamas

Dated this 29th day of December, A. D. 2009

CST Administration (Bahamas) Limited
Liquidator


NOTICE

MASSY LIMITED

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

(a) MASSY LIMITED is in voluntary dissolution under
the provisions of Section 137 (4) of the International
Business Companies Act 2000.

(b) The dissolution of the said company commenced
on the 24th December, 2009 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.

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

Dated this 29th day of December, A. D. 2009


Credit Suisse Trust Limited
Liquidator


ing against the Governmen-
t's plans to build the Wilson
City plant, which could use
Bunker C heavy Fuel oil.
According to those agen-
cies, that particular heavy fuel
oil is one of the worst pollut-
ing agents to be burned to
produce power.
However, Mr Basden said
the twin generators that will
supply Abaco with its power
would be able to accommo-
date the more expensive auto-
motive diesel, which is a
cleaner option for power pro-
duction. And government has


not yet decided which fuel it
will use to generate power.
Mr Basden said the dispar-
ity in the cost of running the
cheaper Bunker C fuel oil and
diesel would be $3.5 to $4 mil-
lion in costs.
Prime Minister Hubert
Ingraham said recently that if
Abaco preferred the more
expensive Automotive Diesel
fuel, it would have to incur
the cost. Traditionally, Aba-
co's fuel costs, because of its
power plant's inefficiencies,
have been subsidized by tax-
payers in New Providence.


representatives or members
of the general public may be
invited to voice their views or
objections.
"Due notice is also taken
of any comments made by
NGOs such as Friends of the
Environment (FRIENDS).
With respect to FRIENDS,
there is a concern with regard
to potential impacts to Sea of
Abaco ecology, and specifi-
cally to the Pelican Cays Land
and Sea Park during the oper-
ation of the power plant.

Balance
"While this is an important
consideration in the power
generation dialogue, finding
the balance between the pow-
er generation needs of the
Abacos and the need to be
ecologically and environmen-
tally responsible are not
mutually exclusive and are
clearly acknowledged by
BEC.
"The importance for reli-
able and inexpensive electric-
ity, which provides the basis
for Abaco's continued and
improving standard of living
for all of its citizens, should
not be marginalised on the
basis of the 'no development'
alternative. In addition, the
use of alternative fuels has
not yet developed to the util-
ity scale, although active
investigation into viable alter-
native technologies contin-
ues."
Mr Kemp and the not-for-
profit group, Friends of the
Environment, have been rail-


NOTICE

WINDSMOOR LIMITED
N 0 T I C E IS HEREBY GIVEN as follows:
(a) WINDSMOOR LIMITED is in voluntary dissolution
under the provisions of Section 137 (4) of the
International Business Companies Act 2000.
(b) The dissolution of the said company commenced
on the 24th December, 2009 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.
(c) The Liquidator of the said company is Credit Suisse
Trust Limited Rue de Lausanne 17 bis, Geneva.

Dated this 29th day of December, A. D. 2009

Credit Suisse Trust Limited
Liquidator




NOTICE

CELIPO LIMITED

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

(a) CELIPO LIMITED is in voluntary dissolution under the
provisions of Section 137 (4) of the International Business
Companies Act 2000.

(b) The dissolution of the said company commenced on the
24th December, 2009 when the Articles of Dissolution
were submitted to and registered by the Registrar
General.

(c) The Liquidator of the said company is Credit Suisse Trust
Ltd. Rue de Lausanne 17 bis, Geneva.


Dated this 29th day of December, A. D. 2009


Credit Suisse Trust Ltd.
Liquidator


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


NOTICE

(Voluntary Liquidation)


In accordance with Section 249 Sub-Section (2)
of The Companies Act, 1992 NOTICE is hereby
given that an Extraordinary General Meeting of
RICHMOND CORPORATION LIMITED will be held
at the Registered Office of the Company, Bahamas
Financial Centre, Shirley and Charlott Streets,
Nassau, Bahamas on the 15th day of January 2010
for the purpose of considering and approving the
Report of the Liquidator on the manner in which the
winding up has been conducted and the property of
the Company disposed of.


Liquidator



NOTICE
(Voluntary Liquidation)

We, Credit Suisse Trust Limited, duly appointed Liquidator
of RICHMOND CORPORATION LIMITED hereby
CERTIFY that the following are true and exact copy of
Resolutions passed at an Extraordiary General Meeting of
the Company held on December 18, 2009.

RESOLVED

1. That this Company be placed into voluntary
Liquidation.
2. That Credit Suisse Trust Limited be appointed
Liquidator with the power to act alone for the
purpose of winding up the affairs of the Company.

IN WITNESS WHEREOF I hereunto set my hand and the
Common Seal of the Company this 30th day of December 2009.



Liquidator


BUSINESS I








+


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 5B


'Managing our own affairs' key to 2010 performance

FROM page 1B "My understanding is that saying it was not even an management."


Bahamian economy, this
nation needed to do a better
job of managing itself - some-
thing highlighted by the S&P
move.
"I have very little doubt
that the global economic situ-
ation will be more favourable
than in 2009," Mr Wilson said
of the upcoming year. "I am
very confident of that."
However, he added of the
S&P decision: "That's a third
party saying: 'Hold on,
change. You're going down a
path that is very dangerous.'
"What it really boils down
to is the extent to which we
manage our own affairs more
prudently. It's [the S&P
downgrade] calling into ques-
tion legitimately how well
we've been managing our
own affairs. That will have a
lot to do with how well the
economy does in 2010."
The Arawak Homes and
Sunshine Holdings chairman
then told Tribune Business:
"My sense is that there are a
number of factors that will
play out in 2010. A material
factor will be the Baha Mar
project.


the parties, the Chinese and
the principals of Baha Mar,
have reached an understand-
ing subject to the granting of
thousands of work permits
[for Chinese workers]."
Tribune Business was told
last week that Baha Mar's
potential agreement with the
two Chinese state-owned enti-
ties, China State Construction
and the China Export-Import
Bank, for the $2.6 billion
Cable Beach strip's redevel-
opment was "90 per cent like-
ly to go" ahead, with just a
few commercial details
remaining to be worked out.
This newspaper was also
told at the time that the Chi-
nese were seeking 6,500 work
permits for their construction
and other personnel who
would work on the develop-
ment, although no more than
2,500 would be granted - and
their holders present in the
Bahamas - at any one time.
This figure was subse-
quently disputed by well-
placed Tribune Business
sources, some suggesting the
number of work permits
being sought by the Chinese
was higher and others lower,
and those close to Baha Mar


issue.
Still, Mr Wilson said yes-
terday in relation to the Baha
Mar work permits issue:
"Clearly, that's a matter that I
would think would warrant a
lot of public negotiation. I've
heard of 4,000 work permits.
"Clearly, whatever the
number is it's a very material
amount. That's a matter that
goes beyond just economics.
That's a matter any govern-
ment will think about very
hard before making a deci-
sion. My understanding is it's
the intention of the Govern-
ment to think very long and
hard.
"That is an overhang for
the economy," Mr Wilson
said. "The second overhang
is that the Government has
to, has to, has to be more pru-
dent with its expenditure.
"I don't care they take in,
what's going on, but the rate
at which they are spending is
a very serious concern. Those
are the two overhangs for
me..... What will be the public
policy response to the Baha
Mar project and more pru-
dent fiscal management. We
are praying for better fiscal
management, improved fiscal


Still, despite these variables,
Mr Wilson said Arawak
Homes expected 2010 to be
better than the current year.
He explained: "I think, by
and large, a rising tide lifts all
ships and we expect 2010 to
be a rising tide. We do expect
the economic climate to be
more favourable, and the
management team we have in
place [at Arawak Homes] is
increasingly on top of their
game, so to speak.
"Arawak Homes has a
management team that has
been very creative, and the
fact it's part of a financially
strong group of companies
makes it able to do some
things that allows it to differ-
entiate itself.
"We are being able to be
selective in terms of identify-
ing those with the capacity to
buy housing, and are targeting
them in a more specific way
than in the past."
Mr Wilson said other group
companies, such as Sunshine
Finance, were able to assist
clients in restructuring their
financial affairs "so as to
maintain their standing in the
housing market".


PLP Senator: $ devaluation concerns rise


FROM page 1B

in the future, it puts the peg under pres-
sure," the PLP Senator told Tribune
Business. "This downgrade is the first
step in that threat.
"This is the first step in the chain of
events that, if not addressed in an urgent
manner and not taken seriously - and
the Government has been lackadaisical in
its approach to these issues - and if we do
not come up with strategies and policies
to address this, I fear this thing will be
upon us in a year or two.
"Long-term, this is the most serious
thing happening to us. This is the first
threat to the Bahamian dollar, take it
from me."
Arguing that the Ingraham adminis-
tration's economic borrowing to date had
produced no tangible economic benefits,
Mr Fitzgerald said any foreign debt


reduction strategy needed to work 'hand-
in-glove' with an import substitution and
economic diversification strategy.
Yet he argued that there had been no
attempt to achieve this through the
growth of a Bahamian manufacturing or
production capacity, something that bor-
rowed foreign currency dollars should
be used for, Mr Fitzgerald said.

Imports

By developing such industries and
reducing the Bahamas' reliance on
imports, the foreign currency debt pres-
sures would be alleviated as the outflow
of US dollars would be reduced.
When Tribune Business asked whether
it was the fiscal profligacy of both PLP
and FNM administrations that had
placed the Bahamas into its current fiscal
situation, Mr Fitzgerald responded by
arguing that the Christie administration


reduced foreign borrowings, despite itself
borrowing a collective $540 million over
five years.
Instead, Mr Fitzgerald argued that the
Ingraham administration had borrowed
$750 million in its two-and-a-half years in
office, and was likely to breach the $1
billion mark in its third year in office,
taking the national debt through the $3
billion mark and towards $4 billion.
When asked by Tribune Business
about whether this administration and
future governments needed to cut spend-
ing, Mr Fitzgerald said that because the
public sector had to provide essential
services, the Bahamas instead needed to
look at reforming its tax structure.
"We have to look at revising our tax
structure. This cannot be maintained,"
he added. "The Government has to come
up with a comprehensive policy position
moving forward, communicate it to the
country and let us get our act together."


JAMES B. GOMEZ & CO.
(ITAR InRI) S ,OUN AN ISA1ND ( NSLILT -NS
AUDIT SENIOR


James B. Gomez & Co. requires an Audit Senior with a
minimum of four (4) years post qualifying experience. The
successful applicant should possess a qualification that
makes them eligible for membership in The Bahamas
Institute of Chartered Accountants.

Suitable applicants should respond in writing to:


The Manager
P.O. Box SS-6229
Nassau, Bahamas


James B. Gomez & Co. is a member firm of DFK
International, a worldwide association of independent
accounting firms and business advisors.

SDFI



NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.46 of 2000)

MOUNTJOY SERVICES LIMITED
IBC N� 152800B
(In Voluntary Liquidation)
NOTICE is hereby given in accordance with Section 131 (2)(a)
of the International Business Companies Act, (No. 46 of 2000),
MOUNTJOY SERVICES LIMITED is in Dissolution.

Any person having a Claim against the above-named Company is re-
quired on or before 15th February 2010 to send their name, address
and particulars of their debt or claim to the Liquidator of the Com-
pany, or in default thereof they may be excluded from the benefit of
any distribution made before such claim is approved

Mr. Nathan Santos of Suite 2B Mansion House 143 Main Street
Gibraltar is the Liquidator of MOUNTJOY SERVICES
LIMITED.




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" I #vessily of Derft-B (- O oin)
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" Higher Nation1al Diplorna (entry to top up
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" M5c in Public: ~N~ratiosn 4
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" MSc Maikceting & Marugemerd - Umnversry
of Bradford (commmncing January 2()10)
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Uail'versity of (cornmencinq januarV 201 O�
" M5.d Informitior Timboallof - 6vnt
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Ciry University
" MSc hwtiematiorial liospitarity Managemnent
- 5hahloIGd H~ipilm lUnIvqrsit.
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Wale; 4prq-MM*RA o ion1-d1gra* h0lliwL
" Certificate In MPaniagement
- UnivesrIy o ae


TDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22.O


T1~7


VOPAK TERMINAL BAHAMAS

Safety Officer/ Fireman


Position Purpose
The purpose of this position is to promote, enforce, and regulate the highest safety standards and practices
in the workplace and to investigate and respond to various types of emergencies as required to ensure a
safe work environment.

Environment
This position exists in an ever-changing environment that requires flexibility and the ability to embrace
frequent change. It requires persons with strong, genuine passion for promoting and enforcing high safety
standards.


* Provide written/ verbal Reports of Safety/Security matters to Mgmt.
* Maintain daily turn-over log of all activities on shift, including equipment status, and any unusual or impor-
tant happenings.
* Conduct regular patrols throughout Terminal facility
* Investigate and report on all suspicious circumstances and hazardous conditions on shift.
* Provide assistance during evacuation exercises.
* Responding with Fire Trucks to onsite incidents and operate same as directed.
* Perform routine inspection of the firehouse, fire trucks, ambulance, and other ancillary equipment located
in the firehouse.
* Assist in training of shift fire crew as required.
* Monitor job sites on daily basis and take note and correct unsafe acts/ unsafe conditions.
* Ensure emergency response equipment is maintained in a constant state of readiness.
* Control traffic within the Facility, checking for violations, and enforcing full compliance of company rules
and regulations regarding motorized equipment.

Experience:
Experience in Security, Safety and Fire-Fighting a good asset but not mandatory. Training will be provided
in all areas.

Job Requirements:
* High School graduate
* Age 25-35
* Experience in Security, Safety and Fire-Fighting a good asset but not mandatory. Training will be provided
in all areas.
* Good Verbal and written communication skills (mandatory)
* Good working knowledge computer skills an asset
* Prepared to work 12 hour shift cycle
* Good physical condition
* Passion for excellence and teamwork

Reporting Line:
This position reports to the Safety and Security Superintendent.

Applications should be submitted to the
SHEQ Manager
Bahamas Oil Refining Company International Limited
Dbs Vopak Terminal Bahamas
P. O0. Box F-42435
Freeport, Grand Bahama, Bahamas
On or before December 31, 2009







+>


PAGE 6B, WEDNESDAY, DECEMBER 30, 2009


THE TRIBUNE


Broker's $25m collapse 'struck' from indictment


FROM page 1B

from 2004 through 2008".
The four companies in
question were thinly-traded
stocks on the over-the-
counter bulletin board, which
Georgiou and his co-conspir-
ators were alleged to have
manipulated by artificially
increasing the demand for,
and prices, of the shares. The
artificially inflated stock prices
were also used as collateral
to obtain margin loans from
the two Bahamian
broker/dealers.
"The indictment further
asserts that Georgiou and his
co-conspirators obtained the
loans from two Bahamian


brokerage firms, Caledonia
Corporate Management
Group and Accuvest," Justice
Kelly said.
"Regarding Caledonia,
paragraph 11 of counts six
through eight of the indict-
ment states: 'As a result of
the false representations of
defendant George Georgiou
and his co-schemers concern-
ing the collateral for the Cale-
donia account and their fail-
ure to provide additional
assets, Caledonia was unable
to cover the substantial
deficits in the [Ron Wyles]
account. Defendant Georgiou
and his co-schemers caused
Caledonia to suffer approxi-
mately $25 million in losses'."
That part will remain in the


Legal Notice
NOTICE

DILLONPRO LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. O0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP INC.
(Liquidator)



Legal Notice
NOTICE
HICKORY LANE

INVESTMENTS HOLDINGS LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.





ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE

PLYMOUTH VENTURES LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. O0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP INC.
(Liquidator)



Legal Notice
NOTICE

PICKWICK INC.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. O0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


indictment when Georgiou's
case eventually goes to trial,
and Justice Kelly added:
"Regarding Accuvest, para-
graph eight of count nine
states that Georgiou 'and his
co-schemers did not repay the
money that they had bor-
rowed on margin and in cash
loans from Accuvest, and
their artificially inflated stock
did not cover the loans. As a
result, defendant Georgiou
and his co-schemers caused
Accuvest to lose at least $4
million'."
In addition, the judge not-
ed: "Specifically, the indict-
ment alleges that Georgiou
used wire communications in
interstate and foreign com-
merce to defraud Caledonia


and Accuvest."
While Accuvest is still firm-
ly in business, Caledonia has
been in court-supervised liq-
uidation since February 2008,
a process that has not been
controversy-free.

Complained
Several clients and their
advisers have privately com-
plained about the fees being
charged by the liquidator,
Deloitte & Touche
(Bahamas) partner Anthony
Kikivarakis, and his attorney,
Alfred Sears, and the time
taken to return their assets to
them.
Caledonia collapsed into


Legal Notice
NOTICE

LARK VENTURES LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE

SCHLESWISER HOLDINGS CORP.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE

WILDERNESS LONE CORP.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE

PALACIN INVESTMENTS LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


liquidation after suffering the
Georgiou-inspired $25 million
trading loss, which resulted
when Jitney, its Canadian cor-
respondent broker, sold off
assets to cover an overdrawn
margin loan balance that was
not collateralised by Geor-
giou, who had created the
'hole' in question.
That overdrawn balance
was in an account operated
nominally by a Ron Wyles,
whose trading activities were
directed by Georgiou. Jitney
ended up selling off assets
belonging to Caledonia clients
other than Wyles/Georgiou
because they were all pooled
in one omnibus account with
it, with no segregation.
In his last report on the liq-
uidation to the Bahamian
Supreme Court, Mr Kiki-
varakis alleged that Caledo-
nia "allowed clients to use
other clients' assets" in their
trading activities to cover
overdrawn cash balances.
These assets totalled $1.05
million, but some $468,000
used as collateral for this had
been sold by Jitney.
Some $575,000 had been
recovered from former Cale-
donia clients with overdrawn
cash balances in the Jitney
account, Mr Kikivarakis said.
He added that 12 Caledonia
clients had been allowed to
operate margin accounts, and
while four had "substantial
overdrawn balances", only
one did not have sufficient
collateral - the Ron Wyles
account.
Still, progress has been
made in returning Caledonia
clients' assets. As at July 31,
2009, Mr Kikivarakis said he
had issued instructions to


transfer $55.896 million worth
of assets, out of a total $67.035
million, to the 80 Caledonia
clients that accounted for an
estimated 89 per cent of the
company's business.
Initially, Mr Kikivarakis
said it was estimated that a
total $81.188 million was due
to 220 Caledonia clients as at
September 30, 2008. Howev-
er, this was subsequently
revised to $75.332 million,
largely because it was discov-
ered that $6.27 million worth
of assets had been returned
to four clients prior to the liq-
uidation.
Out of the $11.139 million
that had not been transferred
to Caledonia's 80 most signif-
icant clients, as at the July 31,
2009, date, Mr Kikivarakis
said some $5.439 million of
this amount was transferred
subsequently once instruc-
tions were received from the
clients. A further $3.481 mil-
lion had been returned to
another five clients.
As for the remainder, the
liquidator said six had yet to
provide him with the correct
or necessary instructions to
transfer $2.381 million worth
of assets; five clients had
authorised him to sell $1.235
million worth of assets and
return the cash proceeds to
them; and another $850,440
was being held up because
two clients had yet to comply
with the Supreme Court's
order to pay 2 per cent of
their assets into escrow to
cover the liquidator's costs.
However, Mr Kikivarakis
said $4.388 million belonged
to 126 Caledonia clients who
had not given him instructions
to transfer their assets.


Legal Notice
NOTICE

EXMOOR HOLDINGS LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 30th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE

KIARA GROUP HOLDINGS LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE

PANTANEIRO HOLDINGS CORP.
(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 24th day of December 2009. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.






ARGOSA CORP. INC.
(Liquidator)


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O








+


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 7B


Consumer confidence rises in Dec, but still weak


ANNE D'INNOCENZIO,
AP Business Writer
NEW YORK

Americans are ending 2009
feeling better about the econ-
omy than when the year
began, buoyed by optimism
that job prospects will
improve in the first half of
2010.
Consumer expectations for
the job market reached their
highest level in two years, but
most people remain down-
beat about their current
prospects, according to a
monthly survey released
Tuesday. The survey also
showed fewer people plan to
buy automobiles and homes
in the next six months com-
pared with November.
"This doesn't mean that the
economy isn't getting better,
but it does raise doubts on
how much actual improve-
ment in the economy we've
actually seen," said Mark Vit-
ner, senior economist for
Wells Fargo Securities in
Charlotte, North Carolina.
If past recoveries from
recession are a guide, the
rebound of confidence will
take many more months.
The Conference Board's


Consumer Confidence Index
rose in December for the sec-
ond month in a row, to 52.9,
from a revised 50.6 in Novem-
ber. That's slightly higher
than the 52.0 prediction of
economists surveyed by
Thomson Reuters, but still far
short of the 90 that would sig-
nify a solid economy.
Economists watch the con-
fidence numbers closely
because consumer spending
on goods and services
accounts for about 70 percent
of U.S. economic activity as
measured by the federal gov-
ernment. Without a marked
turnaround in the job market,
consumers will continue to
"hunker down" and confi-
dence will remain low, Vitner
said. The unemployment rate
dipped in November to 10
percent, from a 26-year high
of 10.2 percent in October.
Some analysts worry it will
start climbing again in com-
ing months, perhaps rising as
high as 10.5 percent next sum-
mer.
An uneven housing market
is unlikely to help. The close-
ly watched Case-Shiller home
price index released Tuesday
showed that a national index
of home prices rose for the


(AP Photo/Jim Prisching, file)
IN THIS DEC. 19, 2009 FILE PHOTO, shoppers jam Michigan Ave., as
they rush to find last minute deals in Chicago. A monthly survey said
Tuesday, Dec. 29, 2009, consumers' confidence in the economy
rose again in December.


fifth month in a row in Octo-
ber, but only 11 of the 20
metro areas tracked showed
gains.
The consumer confidence
index hit a historic low of 25.3
in February after registering
37.4 in January and enjoyed a
three-month climb from
March through May, fueled
by signs that the economy
might be stabilizing. Since
June, it has bounced along
anemically between 47 and 55
as rising unemployment has
taken a toll.


The bright spot in Decem-
ber's confidence index was
consumers' six-month out-
look, which rose from 70.3 to
75.6, the highest level since
December 2007. But the oth-
er main component, which
measures shoppers' current
assessment, fell to 18.8 from
21.2. That level remains at a
26-year low.
"Regarding income, how-
ever, consumers remain
rather pessimistic about their
short-term prospects, and this
will likely continue to play a


key role in spending decisions
in early 2010," Lynn Franco,
director of The Conference
Board Consumer Research
Center.
The survey revealed that
the proportion of consumers
anticipating an increase in
their incomes declined from
10.9 percent to 10.3 percent.
The economy's health is
riding on consumers. The
overall economy as measured
by the gross domestic prod-
uct grew at an annual rate of
2.2 percent in the July-Sep-
tember quarter. That was the
first positive performance for
GDP after four consecutive
quarters of decreases, and it
marked the strongest sign to
date that the recession that
started in December 2007 has
ended. Economists expect
GDP to show even stronger
growth in the current Octo-
ber-December quarter, but
the recovery could sputter in
coming months if consumers,
worried about jobs, decide to
cut spending.
The problem is that it can
take a long time for confi-
dence to rebound. During the
last recession in 2001, it took
about two years for confi-
dence to climb back to a


healthier level of 90. The
index peaked at 144.7.
In the early 1990s, it took
three years for confidence to
rebound to healthier levels
because the economy was in a
jobless recovery, similar to
what's currently playing out.
The slight improvement in
consumer sentiment could be
seen in holiday shopping
trends. Shoppers spent a bit
more than expected when
adjusting for the extra selling
day between Thanksgiving
and Christmas this year,
according to MasterCard
Advisors' SpendingPulse,
which track all forms of pay-
ment, including cash.
However, shoppers focused
on practical items and
bypassed gift cards, opting for
discounted items instead.
Michelle Baran of Atlanta
said the economy hit her hard
because her boyfriend's pay
was cut by 50 percent. The
43-year-old was at Atlanta's
Lenox Square Mall on Tues-
day returning clothes she had
bought for herself.
"I feel like the economy is
getting better," she said. "But
the effects of the economy are
still with me. I'm still being
careful."


NOTICE is hereby given that GEORGE A. MILATOS of WEST
BAY STREET, P.O BOX N3579, 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 23th day
of December, 2009 to the Minister responsible for nationality and
Citizenship, P.O. Box N-7147, Nassau, Bahamas.



Legal Notice
NOTICE

LOKAI HOLDINGS INC.
(In Voluntary Liquidation)


Notice is hereby given that the above-named

Company is in dissolution, which commenced on

the 30th day of December 2009. The Liquidator

is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.







ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE

HANNAFORT

INVESTMENTS PTE. LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named

Company is in dissolution, which commenced on

the 30th day of December 2009. The Liquidator

is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.






ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE

LAZENTON INVESTMENTS PTE. LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named

Company is in dissolution, which commenced on

the 24th day of December 2009. The Liquidator

is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.







ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE

ASPERA OVERSEAS LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named

Company is in dissolution, which commenced on

the 24th day of December 2009. The Liquidator

is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.







ARGOSA CORP. INC.
(Liquidator)




Legal Notice
NOTICE

VIBRANT INVESTMENTS

GROUP LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named

Company is in dissolution, which commenced on

the 30th day of December 2009. The Liquidator

is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.






ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE

JENDALE FENNS HOLDINGS LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named

Company is in dissolution, which commenced on

the 24th day of December 2009. The Liquidator

is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.







ARGOSA CORP. INC.
(Liquidator)




Legal Notice
NOTICE

IMBIAH INVESTMENTS PTE. LTD.
(In Voluntary Liquidation)


Notice is hereby given that the above-named

Company is in dissolution, which commenced on

the 30th day of December 2009. The Liquidator

is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,

Bahamas.







ARGOSA CORP. INC.
(Liquidator)


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3 ROYAL.FIDELITY OKEAE.&ADVISOEMSERVICES
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WWW.BISXBAHAMAS.COM I TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320
1 71 1 03 AML Foods Limted 1 17 1 17 000 0127 0000 92 000%
11 80 990 Bahamas Property Fund 1074 10 74 000 0992 0200 108 1 86%
930 590 Bank of Bahaas 590 590 000 0244 0260 242 441%
089 063 Benchmark 063 063 000 08 77 0000 N/M 000%
349 315 Bahaas Waste 315 315 000 0125 0090 252 286%
237 214 Fdehlty Bank 237 237 000 0055 0040 431 1 69%
14 04 9 92 Cable Bahaas 998 998 000 1406 0250 71 251%
2 88 2 72 Colna Holdings 2 72 2 72 0 00 0249 0 040 109 1 47%
719 5 26 Commonwealth Bank (Sl) 6 76 6 90 0 14 1,669 0419 0 300 165 4 35%
385 1 27 Consoidated Water BDRs 261 288 027 0111 0052 259 1 81%
285 1 32 Doctor's Hospital 2 55 2 55 0 00 0625 0 080 4 1 314%
820 628 Faguard 649 649 000 0420 0240 155 370%
1 87 8 80 Finco 9 28 9 28 0 00 0322 0 520 28 8 560%
11 71 986 FrstCabbean Bank 999 999 000 0631 0350 158 350%
553 411 Focol (S) 4 77 477 000 0326 0150 146 314%
1 00 1 00 Focol Class B Preferen 1 00 1 00 000 0000 0000 N/M 000%
045 0 27 Freeport Concrete O 27 0 27 0 00 0035 0 000 7 7 00%
902 549 ICD Utlit'es 559 559 000 0407 0500 137 894%
1200 995 J S Johnson 995 995 000 0952 0640 105 643%
1000 10 00 Preer Real Estate 1000 10 00 000 0156 0000 641 000%
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52wk-HI 52wk- Low Security Symbol Last Sale Chan-ge Dally Vol Interest Maturity
1000 00 1000 00 Fidelity Bank Note 17 (Series A) + FBB17 100 00 00 7% 19 October 2017
1000 00 1000 00 Fidelty Bank Note 22 (Series B) + FBB22 10000 000 Prme + 1 75% 19 October 2022
1000 00 1000 00 Fidelty Bank Note 13 (Series C) + FBB13 10000 00 00 7% 30 May 2013
1000 00 1000 00 Fidelty Bank Note 15 (Series D) + FBB15 10000 000 Prme + 1 75% 29 May 2015
14 60 7 92 Bahamas Supermarkets 1006 11 06 1400 -2246 0000 N/M 000%
800 6 00 Cabbean Crossings (Pref) 2 00 625 400 0 000 0 480 N/M 7 80%
054 0 20 RND Holdings 0 35 0 40 0 35 0 001 0 000 256 6 000%
055 0 40 RND Holdings 0 45 0 55 0 55 0 002 0 000 261 90 000%
1 4160 1 3419 CFAL Bond Fund 1 4160 462 5 53 31-0ct-09
30351 2 8266 CFAL MSI Preferred Fund 2 8552 -2 88 -3 92 30-Nov-09
1 5061 1 4316 CFAL Money Market Fund 1 5061 5 05 5 20 18 Dec-09
3 3856 2 9343 Royal Fdelity Bahaas G & I Fund 2 9618 12 52 15 21 31 -Oct-09
132400 125597 Royal Fidelity Pr-me Income Fund 132400 493 590 31 Oct09
103 0956 100 0000 CFAL Global Bond Fund 103 0956 310 2 52 30-Sep-09
1000000 994177 CFAL Global Equity Fund 994177 312 276 30Sep -09
0804 1 0000 FG Financial Preferred Income Fund 1 0804 432 526 31-Oct-09
0364 1 0000 FG Financial Growth Fund 1 0269 0 59 -019 31-Oct-09
0742 1 0000 FG Financial Diversified Fund 1 0742 356 442 31-Oct-09
9 4740 9 0775 Royal Fdety Bah In Investment und 94740 417 418 31 -Oct-09
10 6301 1 0000 Royal Fdety Bah In Investent Fund 10 6301 6 30 6 30 31-Oct-09
74613 4 8105 Royal Fidelty Inl Fund - Equities Sub Fund 7 4613 35 40 29 64 31 -Oct-09
MARKET TERMS
BIS ALL SHARE INDEX - 19 Dec 02 = 1,000 00 YIELD - last 12 month dividends divided by closing pnce


DIV $ - Dividends per share paid the last 2 - g months - NM ot Meaningful
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TO TIRAL E CALL.. CFALt 242-502-7010 I ROY.ALFIOELITY 242-36-7764 I FG CAPITAL rtWARKETS 242-396-4000 I| OLONIAL 242-502-752






K/M


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 9B


Studio Deli hits downtown Nassau


By REUBEN SHEARER
Tribune Features
Reporter
rshearer@tribunemedia.net

/ S TUDIO Deli'
is the name
of the new
kid on the culinary
block in downtown
Nassau.
This cozy establishment not
only provides healthy alterna-
tives to the usual fare to be
had in the downtown area, it
also strives to operate the
most environmentally friend-
ly restaurant on the island.
Studio Deli is housed in a
small circa 1930s building for-
merly used as a food store and
sandwich shop.
It has been continuous
operation for the past 70
years, run by the TJ Knowles
and later the Chase families.
In fact, many Bahamians
know the shop as the old
Chase's Deli, which was open
until 2007.
The new deli on the corner
of Dowdeswell and Deveaux
Streets has been highly antic-
ipated by persons who fre-
quent the area.
Deli supervisor Maggie
Cartwright and employee
Lashea Bullard told Tribune
Taste that it's usual for cus-
tomers to walk into Studio
Deli exclaiming, "Finally, I've
been waiting for this place to
open!"
"They like the taste of the
food, and have been spreading
by word of mouth the praise
of how wonderful the food is
boasting of its endless menu
options," Ms Cartwright said.
The deli offers healthy
breakfast and lunch choices
which are becoming more and
more popular these days with
persons looking to make
changes to their diets.
For breakfast there are an
array of cereal choices. But if
you want something more sol-
id, try their freshly baked corn,
blueberry, banana nut and
bran muffins.
On the morning menu are
also sausage, bacon, ham, egg
and cheese sandwiches, made
on wheat, white, or rye bread,
and they even come in a pita
wrap.
Get an early morning cup
o' joe to wake up or just
choose from a variety of hot
drinks like regular coffee, caf6
latte, espresso, cappuccino,


French vanilla, hazel nut, hot
chocolate, and regular tea that
are brewed each morning.
Studio Deli's quiche lor-
raine has been selling like hot-
cakes, the staff said.
And the other quiches,
panini sandwiches and salads
are also real favourites with
the customers.
The deli also carries a veg-
etarian spinach and cheese
quiche.
The small restaurant has
now started its daily soup
options - low fat garden veg-
etable and tomato basil soups,
chicken and corn chowder,
cream of asparagus, lobster
bisque and conch chili are all
on the menu.
Friday is the day for conch
chili. It's hot and spicy in
flavour, and is simmered
down with pinto and kidney
beans, paprika chili season-
ings and fresh tenderised
conch.
And even if you want
something from the menu
that has sold out for that day,
Chef Keshlah Smith said she
will whip up a new batch.
The Italian panini is a def-
inite hit, and the roast beef
and provolone cheese on
wheat bread is delicious.
This panini, made with cia-
batta bread, is based with
home-made spaghetti sauce,
Genoa salami, with ham and
spicy pepperoni, and is grilled
using olive oil.
The deli's seasoned house
wings have also proven to be
a hit, perhaps this is because
they're grilled and not fried.
Seasoned lightly with basil,
salt, and other spices, they are
served with a sweet sauce
made from basil, chopped
nuts, and molasses.
The wings are Studio Deli's
signature dish, staff told Tri-
bune Taste.
And to accompany the
food, you can treat yourself
to a cool ginger peach, red
current, pomegranate or
vanilla iced tea.
Chef Keshlah is the one
who came up with the unique
iced tea recipes.
The citrus punch and the
ginger lemonade are also very
popular.
Satisfy your sweet tooth
with home made desserts like
lemon meringue and cheese
cake. Oatmeal, guava duff,
and cranberry coconut cook-
ies are also available. Cus-
tomer favourites are the Swiss
mocha chocolate and rum
cake.


Customers are particularly
excited that Studio Deli is
doing it's part in the 'green
movement'.
Studio Deli is the first
restaurant in Nassau to offi-
cially use materials which are
environmentally friendly.
It's more expensive, but
"the benefits are innumer-
able," said Studio Deli owner
Michael Moss.
All of Studio Deli's pack-
aging is made from corn, and
other vegetables. The food
containers, forks, spoons, nap-
kins, straws, drinking cups
and other utensils are all
made from various natural
materials.
The deli also uses eco-
friendly bags that decompose
over the period of month as
they are made from bio-
degradable material.
"Green packaging is
becoming industry standard,"
Mr Moss said.
Studio Deli is cozy sit-in
bistro with a unique atmos-
phere, where everything is in
keeping with the wellness
theme.
The restaurant is outfitted
with colorful antique bottles
from the 1920s, and customers


love its retro feel.
Mr Moss said he brought
the bottles over as souvenirs
from Argentina.
He has also decorated the
restaurant with an assortment
of African baskets.
"Studio Deli is a mod-
ernistic interpretation of tra-
ditional Bahamian style," said
Mr Moss. "When you walk in
here you notice a different
but familiar feel all at the
same time," he said.
Patrons can also enjoy Wi-


Fi access on their laptops dur-
ing store hours.
But at the end of the day, a
restaurant's success depends
its quality of service and food,
and people are already
responding quite positively to
the new bistro.
Chef Keshlah of Essence
Catering prepares all of the
food. A very talented cook,
she prepares food for resi-
dents in the Ocean Club
Estates, and several other
local food establishments,


including Logos Bookstore.
And don't be surprised if
you see a small care plastered
with Studio Deli parapherna-
lia zooming down your street
next year. Plans are in motion
for Studio Deli to start its
delivery service soon.
The delivery route will cov-
er the eastern edge of down-
town, targeting the four
zones around Scotiabank
East, First Caribbean West,
Shirley Street and Bay
Streets.


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PAGE 10B, WEDNESDAY, DECEMBER 30, 2009


THE TRIBUNE


'Children of God'


By JEFFARAH GIBSON

KAREEM Mortimer's
movie 'Children of God',
which tells the story of a
gay Bahamian man in a
homophobic society, has
received nothing but posi-
tive responses from audi-
ence members, the filmmak-
er said.
Sitting down with Tribune Enter-
tainment, Mr Mortimer said that
because 'Children of God' tells the
story of a gay white Bahamian and his
struggles, some people label it as con-
troversial, but the filmmaker himself
said the only thing he did was tell a
human story.
"Sexuality is a big deal in the film,
and this is one of the things that we as
a people don't like to talk about. It is
not a film to shock the audience, and it
might be controversial to some, but I
don't find anything controversial about
what is discussed in the film," he said.


Mr Mortimer said that ever since
the film's premiere he has been getting
nothing but positive responses from
people.
"People were overwhelmingly posi-
tive. I have had numerous phone calls
and e-mails from people telling me
what they took from the film and what
it meant to them. I never imagined
that people would be able to identify
with the storyline.
"The movie doesn't alienate any-
one, it's a movie for straight people,
gay people, it's a movie for Christians,
and at the end of the day I made a
honest film that captures a human sto-
ry," he said.
While sexuality is the prevalent sub-
ject throughout the film, hypocrisy,
Mr Mortimer said, is the most impor-
tant theme that makes the movie uni-
versal.
And now fresh off the success of his
movie 'Children of God', the Bahami-
an director and filmmaker is already
hard at work creating, as well as co-
directing new films that are expected to
make their debut in 2010.
The gratifying success of the 'Chil-


dren of God', Mr Mortimer told Tri-
bune Entertainment, has inspired him
to continue to take on new and excit-
ing projects.
"I have a number of undertakings
for next year. I have already begun
working on a film for 2010/2011," he
said.
Mr Mortimer has joined forces with
another director, a foreign national
who resides in the Bahamas, to devel-
op the film 'Wind Jammers'.
When two talented artists collabo-
rate, it allows for the exchange of great
and unique ideas, and possibly amaz-
ing results.
"I have also collaborated with Rick
Vonamur where we both direct this
film. Even though it is a joint effort,
it's all about him and I am just excited
to be working with him on this pro-
ject," he said.
'Wind Jammers', set in the
Bahamas, is a comedy that tells the
story of a young American girl who
moves to the Bahamas with her father.
During her time in the Bahamas she
learns a number of valuable life
lessons.


"This is a 'coming of age' story, and
it is just simply about growing up,"
the filmmaker said.
The film is targeted towards teens
who should be able to easily identify
with the movie's storyline.
Major work for the project has
already been completed.
"We have already shot the movie,
and we are doing the post production
right now," he said.
Mr Mortimer said he is not sure
whether 'Wind Jammers' will be fea-
tured in next year's Bahamas Inter-
national Film Festival (BIFF).
As for his next solo project, Mr
Mortimer said he is still in the devel-
opment phase, but expects that it will
be just as intriguing and successful as
'Children of God'.
" 'Children of God' was a beautiful
story, and this film will be as success-
ful as 'Children of God'. I am also not
sure if this one will be a feature in the
film festival, but I am thinking of get-
ting it on Netflix," he said.
For those who did not get a chance
to see 'Children of God' during BIFF,
they will be able to view the movie
on DVD sometime next year.
"We are trying to secure distribu-
tion by summer so that the movie can
be accessible to all who did not get a
chance to see it," he said.


Hawkeye



getting



ready to



drop debut .



reggae



album

REGGAE artist Christopher Smith, more
popularly known as 'Hawkeye', is getting ready
to release his debut album entitled 'Hawk
Extra'. This album will feature tracks produced
by some of the best in the reggae industry such
as Grammy winning Sly and Robbie; Shane
Browne; Winston "Wee Pow" Powell; Richard
Brownie, and Ernie Wilks, to name just a few.
The album's title track is called 'Damn', a
song which speaks of modern reality that affects
people on a daily basis.
The track was produced by Shane Browne.
The concept for the whole album, the artist
said, is to produce a more mature album with a
cultural vibe, uplifting people and addressing
social issues as well as denouncing violence.
Three of the tracks on the album are about
respect, appreciation and love for women.
Hawkeye is now putting the final touches on
'Hawk Extra', an album that will showcase a dif-
ferent aspect of this talented artist. The expecta-
tions for this album are great and fans world-
wide are anxiously awaiting the release. The
exact release date has not yet been determined,
but the album will be available internationally
within the first quarter of 2010.
Swing Sang Productions and Hawkeye are
consistently working towards the release of
'Hawk Extra'. Swing Sang Productions are
supervising the process, organising the promo-
tion and dealing with the business aspects such
as distribution.


'Rotate'


By REUBEN SHEARER
Tribune Features Reporter
rshearer@tribunemedia.net

THE stately Collins House on
Shirley was the site of the highly antic-
ipated 'Rotate' spectacle featuring six
events in one place at the same time
earlier this month.
Over 500 persons celebrated on the
beautifully landscaped grounds
belonging to the historical edifice.
"This is the first event held there
since it's last occupants," said Ranard
Henfield, Rotate organiser and also
CEO of the 242 People Clothing Line.
"They have been renovating for a
few years, restoring the inside of the
building the way it was first built. We
plan to put a five star restaurant on
the first floor, and turn a portion of it
into a museum."
Two Saturdays ago, the grounds of
Collins House were transformed into
a scene like out of the movies, as


attendees were treated like high pro-
file celebrities and greeted by a red
carpet similar to the Grammy of
Academy Awards.
At sunset, a spotlight lit the sky,
moving east, west, north and south
as hundreds of people of all ages
made their way to the Rotate event.
Bernadette Christie, wife of former
Prime Minister Perry Christie, opened
the event with Chef Jamal Petty in a
live taping of his JCN 'Island Flare
Celebrity Cooking Show'.
After whipping up a few dishes, he
and Mrs Christie served up their food
to attendees at the event.
Novie and Tim "Shiraz" Rodland
gave live performances at the fash-
ion show as the 242 People Clothing
Company debuted their new designs.
Fifty models strutted down the run-
way in sports, smart-casual, winter
and urban designs.
The hoodies were a special high-
light in winter clothing.
They come in eight colours, includ-
ing the company's staple colours of
black, aquamarine and gold.
It was a high class fashion show,
and attendees lined up along the run-
way to applaud the models as they


walked by.
None of the merchandise was sold
on-site, and attendees were directed
to the Sports Centre to purchase items
from the 242 People Clothing line.
A booth was set up for interviews
with Sammi Starr, who talked about
his new album, signed autographs,
and gave out new CDs. He later per-
formed on stage with Visage.
Scharad Lightbourne hosted part
four of his 'CLICK' art series, featur-
ing present and past exhibits.
Mr. Henfield walked through
'CLICK' to get feedback from the
onlookers.
"All of Scharad's works were on
display," he said. "I walked through
'CLICK' to see how it went and peo-
ple loved it."
Also in another one of the six des-
ignated areas at the event, Rotate fea-
tured the year-end networking event
for the local business fraternity
Bahamas Dinner Network.
"The foreman of Collins House was
so impressed to see what was done
at the venue that he arranged an
emergency meeting this week to dis-
cuss working with us to do events now
at Collins House," Mr Henfield said.


Ralph G Collins, in his lifetime a
prominent citizen, politician and busi-
nessman in the Bahamas, built the
mansion shortly after the 1929 hurri-
cane on his large estate that stretched
from Shirley Street to Wulff Road.
The building has had many owners
over the years.
St Andrew's School Limited
acquired a portion of the property
from the Collins Estate in 1950. It
was purchased by the government in
1970 and has been occupied by the
Ministry of Education since June
1972.
The great response to this year's
event has definitely made it a 'must'
for 2010, organizers said.
And Chef Jamal Petty's show was
received so well by the audience that
plans are in motion for a new season
of his 'Island Flare Celebrity Cooking
Show' to be taped in the front of a
live audience every week.
The Rotate Event was organised
by six enterprising young Bahamian
men. Team members included
Ranard Henfield, Sammi Starr,
Scharad Lightbourne, Jason Fergu-
son, Cameron Smith and Chef Jamal
Petty.


* New Year's Eve Parties

ATLANTIS, PARADISE ISLAND
In addition to a special
junkanoo parade and fire-
works at a Marina Village,
Atlantis is hosting the follow-
ing parties:
- For children, Atlantis is
offering the New Year's Eve
Non-Stop Party at Atlantis
Kids Adventures.
For kids aged three to eight,
Atlantis Kids Adventures pre-
sents Renee Adams, an inter-
active entertainer who will
keep all the little ones
engaged. The party starts at
6.30pm and reservations are
required. Call 363-3000 for
more information.
- For teenagers (13-17),
Atlantis is putting on the 'Cel-
ebrate Like Celebrities New
Year's Eve Party'.
Teens are encouraged to
dress up like their favourite
celebrity for the ultra-lounge
dance party. Complimentary
apple ciders are offered lead-
ing up to the countdown at
midnight.
Call 363-3000 for more infor-
mation.
- For Adults, Aura Nightclub
presents the New Year's Eve
Gala 2009
with DJ Rashida from Ameri-
ca's Best Dance Crew
There is complimentary
champagne for the toast at
midnight. For table reserva-
tions contact Jason Kushel at
424-8746.



New Year's celebrations start










New Year's celebrations start
at 8pm. It's $60 for open bar,
dinner costs extra and reser-
vations are required for din-
ner.
Guests can ring in the New
Year on the waterfront and
then enjoy the junkanoo
parade!
Parking is available at the
British Colonial Hilton. Call
323-1777 for more informa-
tion.


ner.

* I *








VILLAGIO
The Italian restaurant in the
Caves Village is offering a
five course dinner, music,
dancing and cocktails for
New Year's.
Dinner is $160; $210 with
unlimited beverages; the par-
ty of dinner is $100 per per-
son.
Call 327-0962/5 for reserva-
tions.



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+


THE TRIBUNE


WEDNESDAY, DECEMBER 30, 2009, PAGE 11B


ARTS


Mr


Beeds


making strides


NOW that he has firmly
established himself on the
local music scene, hip hop
artist 'Mr Beeds' is making
strides towards his interna-
tional break-through while
working on his sophomore
album.
Mr Beeds, born Ricardo
Wellington Forbes, has been keep-
ing busy, and after having released
the video for his single "Aaa-
Choo" he is already working on
his next video.
He says his long-term goal as
an artist is to "travel the world
and inspire people to make this
world a better place."
So far, he has already per-
formed in the Cayman Islands and
in Florida.
His debut album, "Peak State",
has been described as "a socially
conscious tour de force of culture
and faith."
In his singles such as "Hands
Up", "Life", "Aaa-Cho" and
"Never Knew", Mr Beeds uses his
parable style story-telling skills
and comedic commentary to
express his reflections on life.
Mr Beeds has also been devel-
oping his other creative skills.
He is a guitarist as well as an
actor, script writer and director
who has done work in the
Bahamian film industry.


Influenced and inspired by a
variety of artists such as Marvin
Winans, Wyclef Jean, Outkast, P
Diddy, Gnarls Barkley, Capleton,
Jonathan Butler and Michael
Jackson, just to name a few, Mr
Beeds has created his very own
style.
The artist's fun, honest and
eccentric personality translates
into what he calls "inspirational
music with a touch of comedy."
Born and raised in Nassau, the
32-year-old hip hop artist attend-
ed C C Sweeting secondary high
school and the College of the
Bahamas where he obtained a
degree in agriculture.
His father supported his choice
to enter the music industry and
his mother encouraged Ricardo to
join the church choir so he started
singing from an early age.
Ricardo explained how he
came by the alias 'Mr
Beeds': "I had a
favourite pair of
beads that I


wore a lot when I was much
younger. A friend started
calling me Supabeeds then
it evolved into Mr Beeds.
Some people still call me
Supabeeds today."
Mr Beeds said he is
always inspired by his fans,
especially when he hears
about his music helping to
change lives for the better.
He aims to bring across a mes-
sage of hope and utilises his
Bahamian dialect to do this, while
still making his songs accessible to
international listeners.
Mr Beeds says music is his life and
his life experiences make his music,
always coming straight
from the heart.


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