N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R Grant-Bethel set for law job showdown C M Y K C M Y K V olume: 106 No.211THURSDAY, AUGUST 5, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNNY, SHOWER HIGH 91F LOW 78F By ALISON LOWE Tribune Staff Reporter email@example.com ALTHOUGH the Govern m ent maintains the job is no longer hers, and with Jamaican attorney Vinette Graham-Allen scheduled to start work in the same post next Monday, Cheryl Grant-Bethel is working as the Director of Public Prosecutions from a new office in the British American Building, according t o her attorney. After being barred from her former office in the East Hill Street Attorney Generals Office, where she previously worked as a Deputy Director of Public Prosecutions, Ms Grant-Bethel has relocated to the British American Financial Centre. The British American Financial Centre is where the Gov ernment had intended Ms Grant-Bethel to begin a new role as the Deputy Law Reform and Revision Commissioner, the post the Attorney General maintains she was appointed to, rather than the Director of Public Prosecutions post she asserts she should and does now hold given her previous position as Deputy Director of Public Prosecutions. However, Ms Grant-Bethel is sticking to her guns and refus ing to take any but the job she says she is entitled to. Shes a public servant so she must work, shes not going to sit d own and do nothing, but she is not doing any work thats inconsistent with the post of the Director of Public Prosecutions, said Wayne Munroe, Ms Grant-Bethels attorney. Rather than prosecuting cas es at present, as DPPs commonly do, Ms Grant-Bethel is using her time to review the criminal procedure code, part of what she would have been doing in the Deputy Law Reform Commissioner post the Government had intended for her to take. A Law Reform Commissioner reviews codes and legislation currently being used to see where changes can be made to improve and update T op pr osecutor tak es r ole of DPP with Jamaican setf or job on Monday The Tribune THEPEOPLESPAPER BIGGESTANDBEST BAHAMASEDITION McCOMBO OF THE DAY N E W www.tribune242.com YOURSOURCEFOROBITUARIES N N O O B B O O D D Y Y B B U U T T N N O O B B O O D D Y Y B B E E A A T T S S T T H H E E T T R R I I B B U U N N E E I I N N S S I I D D E E T T O O D D A A Y Y C C A A R R S S ! C C A A R R S S ! C C A A R R S S ! L L O O A A D D S S O O F F J J O O B B S S A A N N D D H H E E L L P P W W A A N N T T E E D D ! T T H H E E T T R R I I B B U U N N E E S S C C L L A A S S S S I I F F I I E E D D S S T T R R A A D D E E R R By AVA TURNQUEST Tribune Staff Reporter aturnquest@ tribunemedia.net A GOVERNMENT worker has been reduced to sleeping in his car, his family displaced, after a fire destroyed his singlestory stucco home. The employee, who wishes to remain anony mous, told The Tribune of his horror when he dis covered his house in Laplow Street, which is off Farrington Road, engulfed in flames. Inside, was his 56-yearold mother, also a government worker, and his 16-year-old niece, due to enter the 11th grade in less than a month. The man said: I had just stepped out for not more than 30 minutes, and when I returned my house was in flames. It was horrible, my mother and niece were inside, when I left they had been sleeping. The fire appeared to have started from inside the house, consuming more than three quarters of its contents before fire officers were able to extin guish it. Due to its construction, fire officers confirm stucco SEE page eight MAN SLEEPING IN C AR, FAMILYDISPLACEDAFTERFIRE HOMEINRUINS: The remains of the property in Laplow Street. F e l i p M a j o r / T r i b u n e s t a f f SEE page eight B y TANEKA THOMPSON T ribune Staff Reporter tthompson@ tribunemedia.net ONCE the $2.6 billion B aha Mar project gets underway it will not only inject the construction i ndustry with desperately needed revenue, but also s timulate the stalled economy, claims Bahamas Contractors Association Presi-d ent Stephen Wrinkle. The future of the proBaha Mar project will stimulate the stalled economy SEE page nine By MEGAN REYNOLDS Tribune Staff Reporter firstname.lastname@example.org HOT hotel rooms, a stinking lobby, unhelpful staff, and slime in the swimming pool have driven guests at the Paradise Island RIU to check out early and vow never to return. Scathing reviews of the allinclusive RIU Palace have been posted on travel website www.tripadvisor.in to warn potential travellers of the horrors of their stay. Several recent guests com plained of a sewer-like stench permeating the lobby, little or no air-conditioning, and fighting with staff to get fans for their rooms. Under headings such as Stay away! I would never stay there again! Horrible experience, rude staff! and Dont waste your money, RIU visitors warned potential guests of their experiences at the RIU. I have never seen so many unhappy guests nor have heard RIU hotel g ets scathing online reviews SEE page eight By AVA TURNQUEST Tribune Staff Reporter email@example.com PRIVATE and church affili ated schools whose government subsidies had been slashed did not receive the full percentage cut, according to Education Minister Desmond Bannister. The 2010/2011 budget, tabled in the House of Assembly in May, By MEGAN REYNOLDS Tribune Staff Reporter firstname.lastname@example.org A FINAL call for sponsors to support the seventh annual Bahamas International Film Festival has been made this month as the countrys leading international cultural event faces the most challenging financial year in its short history. Private schools did not receive full subsidies cut SEE page 10 Bahamas International Film Festival faces challenging year calls for sponsors SEE page 10 FUNDING: Desmond Bannister
C M Y K C M Y K LOCAL NEWS PAGE 2, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM INDEX MAIN/SPORTS SECTION Local News............P1,2,3,5,6,7,8,9,10,15,16,19 Editorial/Letters............................................4 Comics....................................................P16 Advt .................................................P11,17,20 Sports...........................................P12,13,14 BUSINESS SECTION Business.....................P1,23,4,5,7,8,9,10,11 Advt...........................................................P6 Weather...................................................P12 CLASSIFIED SECTION 32 P AGES USA TODA Y MAIN SECTION 12 P AGES B y DENISE MAYCOCK Tribune Freeport Reporter email@example.com FREEPORT The decomposed body that was discov e red last week in a high voltage building is that of 26year-old Valentino Stuart. Asst Supt Hector Delva, assistant press officer, report e d that the deceased was identified by his mother Gayle Wallace. O n July 28, an employee of the Grand Bahama Power Company contacted police after noticing a bad smell at the companys high voltage building on Kings Road, offM idshipman Road. Police discovered the partly decomposed body of an unidentified man inside the building. A dog was also found dead next to the body. The man was wearing a white T-shirt and dark coloured trousers. A lthough the clothing and the dog assisted in making the identification, ASP Delva said police are awaiting more conclusive identification through DNA analysis. Based on medical investigations, nothing was found which would suggest foul play, and this matter remainsu nclassified, he said. Officers of the Central Detective Unit are continuing their investigations. Men wanted for questioning over ar med robbery Three men are wanted for questioning in connection with the armed robbery at the Freeport Jewellers in the International Bazaar on July 23. Freeport residents Jernardo McPhee, 22; Rashad Forbes, 29; and Renaldo Jolly, 25, are wanted by police. McPhee's last known address was 156 Oats Lane and No 8 Raleigh Drive. He is of dark brown complexion and has dark brown eyes. He is about 5 tall of average build and weighs about 150lbs to 200lbs. McPhee also has scars on his back. Forbes' last known address was No. 10A Tasmin Cir cle. He is of dark brown complexion and has dark brown eyes. He is about 5 8 tall of average build and weighs about 150lbs to 200lbs. Jolly's last known address is Bass Lane and No 46 Coral Reef Way. He is of dark brown complexion and has dark brown eyes. He is about 6 tall of slim build and weighs about 150lbs to 200lbs. Anyone with information concerning the suspects is asked to contact police. The men are considered armed and dangerous. Decomposed body identified By ALISON LOWE Tribune Staff Reporter firstname.lastname@example.org A TEAM of officers continues to work on the unsolved murder cases of College of the Bahamas professor Thaddeus McDonald and AIDS activist Wellington Adderley, according to the assistant commissioner in charge of crime. Theyre not solved yet but theyre not closed, said Assistant Commissioner Glenn Miller yesterday when asked if the cases had gone cold. Popular professor and Dean of the School of Social and Educational Studies at COB, Dr McDonald was bludgeoned to death using an iron in his Queens Street apartment, near to the US embassy, in November 2007. I t was suggested that the academic may have known his killer, as there was no sign of forced entry into his home. His murder was committed two days before the discovery of the dead body of handbag designer Harl Taylor in his Mountbatten House home on West Hill Street, where he had been brutally stabbed dozens of times. The homes of the two men were a short distance apart. Acquitted Troyniko McNeil, the son of Harl Taylors business partner, was acquitted of Taylors murder last month, leaving that case no closer to closure. AIDS activist and director of the Bahamas National Network for Positive Living, Wellington Adderley was found stabbed and with his t hroat cut in his Delancey Street home six months after the Taylor and McDonald killings on May 27, 2008. The similarities between the attacks, their close proximity in time and the fact that all three of the men were homosexuals, led to widespread speculation that the incidents may have been in some way connected. No one was ever fingered as a suspect in the McDonald and Adderley cases. ACP Miller said he is still unable to say if there is a link between the crimes as far as the police are concerned. Asked specifically if DNA evidence was subsequently found to connect the crime scenes, Mr Miller said he did not wish to disclose that. We had some information then (when the crimes were committed) which we will continue to review, Mr M iller said. Officers continue probe into McDonald and Adderley murders N O NEW leads have emerged in the investigation into the robbery of the First Caribbean Bank at Sandyport last week. As of press time last night, no suspects had b een identified, according to Superintendent C layton Fernander. We are looking to members of the public to g ive us a call and come in with information on the incident, said Supt Fernander. Bank customers were terrified when two masked gunmen dressed in winter jackets burst into the bank, ordering everyone to the grounda nd demanding that tellers empty their tills. A high-speed car chase and shoot-out followed the robbery, which took place shortly before midday on July 28. Police launched a nation-wide manhunt for t he two armed robbers after they ditched their c ar and escaped on foot. Investigators have so far refused to disclose t he amount of money stolen from the bank. We have crime officers looking through the forensics, who are still looking through the vehicle to see if there is any physical evidence in respect to the investigation, said Supt Fer-n ander. N N o o n n e e w w l l e e a a d d s s i i n n b b a a n n k k r r o o b b b b e e r r y y HIGH TIDES and rough weather was visible off the eastern shore of New Providence as a result of passing of Tropical Storm Colin. Despite the effects, the storm isnt expected to have any major impact on the Bahamas. F e l i p M a j o r / T r i b u n e s t a f f Unsolved cases still open, says Assistant Commissioner n FREEPORTNEWS I I N N S S I I G G H H T T F o o r r t t h h e e s s t t o o r r i i e e s s b b e e h h i i n n d d t t h h e e n n e e w w s s , r r e e a a d d I I n n s s i i g g h h t t o o n n M M o o n n d d a a y y s s
POLICE say they are following significant leads into the series of break-ins at government offices over the past few weeks. So far, the Immigration Department on Hawkins Hill, the Passport Office on Thompson Boulevard, a Supreme Court office and a Magistrates Court have all been raided by night-time intruders. We are still asking members of the public to share any information with respect to that, said Supt Clayton Fernander, but I cant say at this time that these matters are connected, or that they are on the same trend. The court raids followed a burglary at the Passport Office on July 8, when thieves stole a safe containing $7,000 a nd got away in a government c ar. Disguised The robbers were disguised from head to toe, wearing masks, jackets and gloves. On July 28, police reported t hat the office of Supreme C ourt Senior Justice Jon I saacs had been broken into. A number of personal items were taken, however initial reports that up to 200 case files had disappeared were later denied by court officials. The message: The PLP must win the next election, all FNM must die, were scrawled on the door of Justice Isaacs chambers. This incident was followed by a break-in at Magistrates Court Number Nine on July 31, when thieves cut security bars on a window, ransackeda court office and tried unsuccessfully to steal a safe. Then, two days ago, it was reported that the headquarters of the Immigration Department had been broken into and an accounts office ransacked. Police are also currently investigating a second breakin at the Oakes Field Bahamasair office, and say they will be releasing a sketch of a suspect shortly. C M Y K C M Y K LOCAL NEWS THE TRIBUNE THURSDAY, AUGUST 5, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A 48-year-old man accused o f maiming another man was arraigned in a Magistrates C ourt yesterday. Gary Ferguson, of Carmichael Road, is accused of maiming Kastino Nabbie while at Deliverance Way. F erguson, who was arraigned before Chief Magist rate Roger Gomez in Court One, Bank Lane, pleaded not g uilty to the charge. The accused, who was rep resented by attorney Ian Cargill, was granted bail in the sum of $5,000 with one s urety. The case was adjourned to August 20 and t ransferred to Court 10, Nassau Street. A 22-year-old man of C owpen Road has been remanded to Her Majestys P rison after being arraigned on an unlawful sex charge. William Paul, 22, of Cow pen Road, has been charged with having unlawful intercourse with a person under the age of 14. According to court dockets, Paul had inter course with an underage girl on July 31. Paul, who was arraigned before Deputy Chief Magis trate Carolita Bethell in Court 8, Bank Lane on Tuesday, wasnot required to enter a plea to the charge. He was denied bail on the grounds that he has no status in the country. Paul is expected to appear before Magistrate Subu Swain in Court 11, Nassau Street today for a fixture hearing. A 25-year-old man was sentenced to 18 months in prison yesterday after pleading guilty to a weapons charge. According to court dockets, Torriano Smith, of Buttercup Lane, was found in possession of a silver and black coloured Taurus pistol. Smith pleaded guilty to the charge during his arraignment before Deputy Chief Magis trate Carolita Bethell on Tuesday. Smith is also accused of being found in possession of two live rounds of .380 ammu nition. Smith initially pleaded guilty to that charge, however, the plea was subsequently changed to not guilty by the court. He is expected to stand trial on the ammunition charge on April 12, 2011. Man in cour t on maiming charge Police follow significant leads into government offices break-ins Cour t briefs TARGETOFTHIEVES: Burglars broke into this Supreme Court building. T i m C l a r k e / T r i b u n e s t a f f
EDITOR, The Tribune I write with reference to t he Business Licence Bill 2010 which is currently b eing debated in parliament. After receiving a copy of the Prime Minister's com-m unication to the House of A ssembly on Monday, July 26, and analyzing the content of that document, one can only question the Government's reasoning and the l arge tax increases that businesses will have to endure, if this bill is passed in the form that was sent out. First of all I am bemused t hat the President of the Bahamas Chamber of Comm erce came out with a Publ ic Endorsement of this Bill. I can only assume that he did not have possession of or did not read the content.I do agree with him that the method of calculating the Business Licence Fee was confusing and non-transpare nt. However, the massive tax i ncreases that Business will be charged in 2011 will only r esult in either a pass on to t he consumer, thereby i ncreasing the Cost of Living o r there will be a number of failed businesses that will be unable to pay the increased taxes. Case in Point : Under $ 250,000 Annual $ 100.00 Fee. $ 250,000 to $ 500,000 A nnual Turn Over 0.50 per cent of Sales. Over $ 500,000 Annual T urn Over0.75 per cent of Sales. M ost companies in the Bahamas will be categorized in the Over 500,000 Cate g ory and will pay 0.75 per cent of the Gross Revenue a s a Licence Fee. Companies such as Wholesale/Retail will havet ax increases as high as 50 per cent over the 2010 Tax. These companies, which operate on a low profit margin and high volume, will bem oved from the previous rate of 0.50 per cent to the new rate of 0.75 per cent.T hese companies, such as Food Wholesale/Retail w hich also operate under the antiquated Price Control Act of 1968 and cano nly realize a 10 per cent margin on these items such a s Rice, Flour, Grits and Canned Meat and Fish will be forced to pay an addi tional 0.75 per cent on these items. A company which generated revenue of $20,000,000a nd having paid 0.50 pr cent ($100,000.00 now be forced to pay 0.75 per cent ($ 150,000.00 2 011, regardless of the fact t hat that company is opera ting on low margins due to Price Control and other market driven factors sucha s competitive products. While looking at the M ajor Supermarket Chains w hich generate volumes near $100,000,000 annually, this fee would approach $750,000.00 in 2011. Mr. Ingraham, please t ake another look at the Bill. I t would seem that the comp anies with high volumes would be charged at the lower rate (0.50 per cent n ot the higher rate of 0.75 per cent. One sometimes wonders i f all of these lawyers in the House of Assembly reallyu nderstand what they are doing when it comes to busi ness. JEFF R. ALBURY Nassau, Bahamas. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, THURSDAY, AUGUST 5, 2010 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master L EON E. H. DUPUCH, Publisher/Editor 1903-1914 S IR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. P ublisher/Editor 1972Published Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama W EBSITE www.tribune242.com updated daily at 2pm NEWS that meat and milk from the offspring of cloned cattle illegal to sell in England without proper authorization may have made their way into the U.K. food chain has set hands wringing in Britain, a country still sensitive from its experience with madc ow disease. A nd while scientists made the rounds of b reakfast TV shows to assure consumers that the products were safe, the flap illustrates what industry-watchers say are the pressures a nd regulatory loopholes pushing meat taken f rom the progeny of clones and genetically e ngineered foods into the European market, whether citizens like it or not or even know a bout it. Food safety officials said Wednesday they a re investigating how a bull from the embryo of a cloned U.S. cow came to be slaughtered and eaten in Britain, where farmers must apply to sell such meat. They're also investi-g ating whether milk from a cow bred from a c lone made its way into the food chain. Britain's Food Standards Agency and lead i ng scientists say there are no safety concerns about such milk and meat but the issue d ominated the news bulletins, with television news programmes replaying file footage of sickly cattle struggling with mad cow disease. On the streets of the north London neighbourhood of Camden, where market stalls c ompete to sell organic teas and free-range sausages, there was widespread unease over t he news. In June the European Parliament approved t he sale of milk and meat from the descendants of cloned animals, providing proper p ermission was sought (something British authorities say was not done in this case). Food from clones is still banned outright. Most scientists believe meat from cloned animals and their descendants is safe. H ugh Pennington, emeritus professor of microbiology at the University of Aberdeen,s aid some people were alarmed by the concept of cloning because it "has an H.G. Wells r ing to it," but insisted meat and milk from cloned cows posed no health risks. "It is just the way they have been pro duced that is different, but there has been no messing around in its genetics. They are exactl y the same as an ordinary Holstein cow or bull." I n the United States, genetically modified crops are common and meat from cloned live s tock and their offspring has been deemed safe to eat although a voluntary moratori um on sales of foodstuffs taken from clones remains in place. But opinion polls in Europe consistently show a public opposed to both genetically modified and cloned food. T he French, with their strong culinary traditions and powerful farmers' lobby, are part icularly opposed. So are Italians, with 72 per cent voicing their opposition to genetically modified foods in a recent survey. Polls show similar levels of opposition in Germany. British consumers have been wary of tainted beef and dairy products since an epidemic of brain-wasting mad cow disease in the 1990s that saw British beef exports banned for a decade and led to a tightening of welfare ands afety standards. More than 100 people died f rom the human form of the disease after eati ng infected meat products. The public also came out against genetically engineered crops by wide margins when t he issue of growing them in Britain was moote d in 2004. D espite public opposition, cooking oil made from genetically engineered crops, meat r aised on modified feed and cheese made from the offspring of cloned cattle already h as made its way into meals across the continent. In Germany, some 60 per cent to 70 per cent of all foods on the market "have been int ouch in one way or another with genetic m odification," according to food industries association BLL. B ritish pub-goers sitting down to a tradi tional meal of steak and chips will almost cer t ainly be eating beef reared on genetically engineered feed. Even the oil used to cook the fries is sometimes drawn from genetically modified crops. Many European consumers have no idea. E U regulations don't require livestock breeders to notify consumers that their animals h ave been eating engineered feed. The British Food Standards Agency said that oils madef rom genetically modified crops are labelled when they're sold in bulk, but U.K. restaur ants that use them rarely pass that informa tion on to consumers. Tougher rules would be hard to enforce, particularly in the case of animal feed. Britain's livestock sector, for example, is h eavily dependent on high-protein soya and maize byproducts, nearly all of which arei mported from the United States, Brazil and Argentina countries which have moved a ggressively to adopt genetically modified foods. The European Feed Manufacturers' Fed eration said farmers across the continent had no choice but to rely on those countries. You could not produce livestock competitively here in Europe without access tot hese proteins," said federation chief Alexander Doring. "It's a simple agronomic fact." A lthough many countries such as Den mark and Norway remain staunchly opposed to using genetically modified food under any circumstances, there are signs that European nations are starting to go their separate ways. Last month, the EU effectively threw up its hands, delegating the power toa pprove or ban genetically modified foods to individual member states. (This article was written by Raphael G Satter, an Associated Press Writer). Mr. Ingraham, take another look at this bill LETTERS email@example.com Cloned beef flap spreads alarm in Britain *UHJPLWKDQGRU*UHJPLWK $VVRFLDWHV $UHQRORQJHUDXWKRUL]HGWR FRQGXFWEXVLQHVVRQEHKDOIRI67$5*(1(5$/,1685$1&( $*(1&<*5$1'%$+$0$f/7'$XWKRUL]HG$JHQWVIRU 5R\DO6WDU$VVXUDQFH/LPLWHG %DKDPDV)LUVW*HQHUDO,QVXUDQFH &RPSDQ\ /OR\GV:RUOGZLGHHGLFDO7UXVW ,QWHUQDWLRQDOHGLFDO*URXS,0*f EDITOR, The Tribune. Cities throughout the world have been h olding gay pride parades this summer to celebrate the lifestyle of Sodom and Gomor-r ah. The primary goal in holding gay parades is to acquire a powerful psychological weapon to change societys rejection of homosexual activity and lifestyle into gradual, even if reluctant, acceptance. Homosexuality, however, is abnormal, immoral and anti-life. It is not innate as s ome believe. Sexual orientation is a matter o f self-affirmation and public declaration. Scientific studies have proven that homosexuality is also linked to paedophilia. For example, a 1988 study of 229 convicted child molesters published in the Archives of Sexual Behaviour found that 86 per cent of pae dophiles described themselves as homosexual or bisexual. Dr Michelle Cretella, a board member of the American College of Paediatricians also concluded from multiple studiesthat children reared by gay couples have gender confusion and are put at high risk for sexually transmitted diseases. Cretella noted that homosexually behaving teens and young adults suffer increased rates of depression, anxiety, eating disor-d ers, addictions and suicidal thoughts. In addition, boys who adopt a homosexua l lifestyle because of the influence of their same-sex parents face a 30 per cent chance of being dead or HIV-positive by the age of 30. At the core we are dealing here, not with loving couples but with homosexuality and the destruction of the family unit the fundamental cell of society. Gay parades are about the celebration of unbridled lust. One hopes that future public displays of decadent debauchery and sexual permissiveness will not be tolerated. PAUL KOKOSKI Canada, July 3, 2010. Homosexuality and the destruction of family unit
A COMPREHENSIVE review of the Royal Bahamas Police Force Reserves will beu ndertaken to ensure that the reserve force continues to function in a manner that is r ealistic, sustainable and in the best interests police, officials announced. T he review comes as the r eserves celebrate 45 years as an entity. Minister of National Secur ity Tommy Turnquest said the review will further ensure that the reserves are beingm anaged in keeping with its standing and intent as a voluntary Force. The minister also said that t he police will be making use of the reserves in their enhanced crime fighting e fforts. Indeed, the police force is counting on the reserves tod o their part to implement the Forces crime strategy. This puts many reserve officers on t he front lines with police offi cers in taking decisive action to prevent crime and toa pprehend and prosecute o ffenders, including violent offenders, he said. Mr Turnquests announcem ent came during the annual Royal Bahamas Police Force Reserves church service heldS unday, August 1, at Zion Baptist Church on East and Shirley Streets. The launch of the Royal B ahamas Police Reserves has been one of the most significant and effective voluntary g roups that has ever been established in our Bahamas, and after 45 years of growtha nd development, a comprehensive review of the organisation and functioning of this i mportant voluntary force will take place, Mr Turnquest said. (While B ahamas Police Force bears full responsibility for policing in the Bahamas, we knowt hat, for the past 45 years, the Force has been ably assisted in implementing its mandateb y the excellent and dedicated service given by the Police Force Reserves, he said. Mr Turnquest said the t ransformation of the reserves from a small, voluntary group established in 1965 to assist i n maintaining law and order in the country, to a group that today is 1,000 persons strong is nothing short of remarkable. Reservists, he said, bring a broad scope of addede xpertise to the police, as their regular vocations consist of a variety of professions including healthcare, aviation, b usiness and education, among others. That broad scope of exper tise, he said, has helped enhance and expand the Forces work in the various communities throughout the Bahamas insofar as establishing counter initiatives to crime and criminality; forging part nerships with the police and garnering support of the Neighbourhood Community Policing Programme. The broad scope of the knowledge and skills reserves bring to policing, the wide range of areas in which they serve from traffic to forensics, station duty to scenes of crime investigations and patrols, is commendable and greatly appreciated, Mr Turnquest said. The National Security Minister applauded retired members of the regular force who have joined the reserves in numerous capacities for their continued service to their country. It is reassuring that former police officers who have served the police force with distinction are counted in the numbers of the reserves. These former officers are bringing their individual and accumulated experience to the reserves and we thank them for this, he said. C M Y K C M Y K LOCAL NEWS PAGE 6, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM E XPRESSING its concern about juvenile crime being on the rise throughout the island, the Grand Bahama Port Authority (GBPA showed its support for the youth by financially assisting the participants in the Second Annual Adolescent Male Summer Camp. GBPAs director of community relations G eneva Rutherford recently donated a cheque to Debra Cox-Strachan, chief welfare officer in the Ministry of Labor and Social Developments Department of Rehabilitative/Welfare Services. GBPA is a firm believer in the empowerm ent of our young men as they are essential to t he growth and development of this great country. We are proud to support the efforts of the Department of Rehabilitative/Welfare Services in pursuit of reshaping the lives of these youngsters, Ms Rutherford said. According to Ms Cox-Strachan, the aim of t he camp was to target adolescent males b etween the ages of 14 17 who are exhibiting problematic behaviour. Our Ministry believes that prevention is better than a cure. Therefore for one week, y oung males tackled topics such as gang viol ence, conflict resolution skills, the use of drugs and the consequences, sexual promiscuity and its consequences, dressing for success, job s kills, job interviews and lastly peer pressure. A ll of these are crucial issues experienced by todays young men. In addition, there were social skillbuilding activities such as fishing,s he explained. The Department of Rehabilitative Welfare Services said it recognises the need for young p eople to have experiences through which t heir fundamental desire for friendship, recogn ition, advancement and creative expression may be realised. A s a result, the Department is taking every corrective measure to ensure that proper interventions are in place to treat and rehabilitate. G BPA said it wants to encourage all corporate citizens and the community to help support Grand Bahamas young men. T he public is encouraged to contact the Mini stry of Labour and Social Developments Department of Rehabilitative/Welfare Services with all questions and concerns at telep hone number 351-7357 through 9. GBPA offers support to young men in the Grand Bahama community P olice Reserves to undergo comprehensive revie GBPAs director of community relations Geneva R utherford (right Cox-Strachan (left Ministry of Labour and Social DevelopmentsD epartment of Rehabilitative/Welfare Services.
By REUBEN SHEARER Tribune Features Reporter firstname.lastname@example.org A NEW contingent of marines were inducted into the ranks of the Royal Bahamas Defence Force last Friday at the passingout-parade for New Entry4 7, Woman Entry 17. Minister of National Security Tommy Turnquest welcomed the marines, c omprising of 39 men and 10 women, aboard Her Majestys Bahamian Ship a t Coral Harbour Base and followed through with an i nspection of the group. T he presentation included a pace-stick demonstrat ion, physical training exercise and a short perform ance by the best band in the land, the Royal Bahamas Defence Force, l ed by Lieutenant Bertram Bowleg. T he occasion was the culmination of 16 weeks of rigorous training, designedt o build character, instill discipline and foster leade rship among new recruits towards developing future l eaders of integrity, prof essionalism and excellence, the Defence The o fficers commenced their recruit training exercise onA pril 12 together comp leted four months of vig orous basic military training in 18 disciplines. These included professional sub j ects such as navigation, seamanship, small arms, first aid, fire fighting,D efence Force history and communications. The squad includes marines not only from NewP rovidence, but also from G rand Bahama and other Family Islands. Mr Turnquest said the n ew marines have been inducted at the perfect time, as the Defence Forceh as more air and sea assets, a nd more technological e quipment to carry out its mandate than at any time in its 30-year history. T he RBDFs training department is responsible for conducting new entry training, advancement, recurrent training and course design. It is also charged with preparing officers and marines, both p hysically and academicall y, for local and interna t ional courses. These initiatives seek to e nsure continual training a nd development throughout the organisation inclusive of graduated entrants to the programme, towards building the intellectual capacity of our members, said Mr Turnquest. Photos: Felip Major / Tribune staff C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, AUGUST 5, 2010, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Upgradeisonlyvalidforcompacttointermediateandintermediatetostandardcategories,onrentalsoftwoormore days.Ratesincludeunlimitedmileage,CDW,local/state/airporttaxesandfees.Peakseasonsurchargeapplies.Rates, termsandconditionsaresubjecttochangewithoutnotice. CDW + taxes + fees + unlimited miles + free upgrade Forreservations,pleasecontactDestinationsat 242-393-6900 or 786-245-0520 .Besuretorequestratecode RC1 andcouponcode AU1488LAC CONGRATULATIONS! YOUHAVEBEENUPGRADED.a lamo.comI NFLORIDA WHENUSINGTHEUPGRADECOUPON 491 96 WEEKLYM IDSIZE CAR AS LOW AS US$U S$DAILY512 04WEEKLYF ULLSIZE CAR AS LOW AS US$U S$D AILY Sandals Royal Bahamian Spa Resort & Offshore IslandInvites applications for the positions of:ENVIRONMENTAL COORDINATOR Applications should be faxed in to :327-6961 or email email@example.com G G r r a a b b y y o o u u r r d d i i s s c c o o u u n n t t o o u u t t o o f f t t h h e e B B a a g g !Harbour bay 394-5767 S S i i z z e es s X X S S t t o o 3 3 X X L L New RBDF marines have been inducted at the perfect time P assing-out for N ew Entry 47, Women Entry 17
them. Notwithstanding, Mr Munroe said this makes sense as the Criminal Procedure Code governs how criminal matters proceed through the courts, and the prosecution of criminal matters in the courts is a major component of the job of the Director of Public Prosecutions. If you are reviewing the Criminal Procedure Code, thats something that the DPP should do, said Mr Munroe. Asked whether Mrs GrantBethel is still getting paid at this time, despite the discrepancy between what she says her job is, and what the Government maintains she should be doing, Mr Munroe said he believes so. Its less than the DPP should be being paid but well be asking for damages for that, said Mr Munroe. He added that he will shortly be seeking an injunction against anyone interfering with her as she discharges her duties in the DPP post. Commenting on the Governments decision to attempt to appoint Ms Grant-Bethel to the Deputy Law Reform Commissioner post is like training someone as an astronaut and then giving him a a j ob as an accountant. We have a specialised prosecutor, and after two decades of training they want to send her to do something shes never done before. Its an efficiency loss, he said. A report yesterday claimed that Vinette Graham-Allen, the Jamaican attorney and former DPP in Bermuda who was appointed by the Government to the post of DPP in The Bahamas, may be recon sidering her new job as a result of the controversy. When asked for comment, M r Munroe would only say that if he was Mrs GrahamAllen he would be seeking legal advice on the situation given the litigation launched by Ms Grant-Bethel over the post. I would seek legal advice on the propriety of the a ppointment, and the risk of this litigation is something she should look to have allocated in any contract she signs, he said, suggesting that Mrs Graham-Allen would be wise to seek to ensure that if Ms Grant-Bethel is successful in her legal action she will still get what she is owed in her contract. In July, Ms Grant-Bethel filed for leave for a judicial review of the process which resulted in the Government announcing that it had selected Mrs Graham-Allen, not Ms Grant-Bethel, as the new Director of Public Prosecutions. In an affidavit supporting the legal action, Ms GrantBethel claimed she was threatened by a hostile Prime Minister Hubert Ingraham during a meeting over her future employment with the Government. She alleged she was told by Mr Ingraham that if she chall enged the decision to appoint her Deputy Law Reform Commissioner that he would bloody (her (herher in the public interest. The Prime Minister denied the accusations. He had previously stated that he supp orted Ms Grant-Bethel for the DPP job but changed his mind based on information he received, which he did not disclose. A message left for Attorney General and Senator John Delaney was not returned up to press time. Mr D elaney was in the Senate for most of the day. C M Y K C M Y K LOCAL NEWS PAGE 8, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BAILLOU HILL ROAD Temporary Road Closure & DiversionsJose Cartellone Construcciones Civiles S.Awishes to advise the motoring public that construction works will be carried out on the eastern side of Baillou Hill Road effective Monday August 9th, 2010 for approximately twenty-four (24 a sphalt paving & landscaping. Motorist travelling northbound on Baillou Hill Road should expect changes as construction works will be carried out in four (4stages. The following lateral streets will be temporarily closed to motorist & pedestrians: PALM TREE AVE, COCONUT G ROVE AVE, POINCIANAAVE, BAHAMAAVE, WESTEND AVE, CORDEAUX AVE, PALMETTO ST, NEWBOLD ST, BAKER ST & FATHER CALNAN RD. STAGE 1 M otorist travelling through Palm Tree Ave should use Robinson Road as an alternative route and continue through First Street or Second Street to their destination. STAGE 2 Motorist travelling through Coconut Grove & Poinciana Avenue should use Palm Tree Avenue as an alternative route. STAGE 3 Motorist travelling through Bahama Avenue,West End Avenue & Cordeaux Avenue should use Poinciana Avenue as an alternative route from the southern side. STAGE 4 Motorist travelling through Palmetto Street, Newbold Street, Baker Stree t & Father Calnan Road should use Oxford Avenue as an alternative route. and follow the signs posted DIVERSION Access will be granted to the residents of the affected streets.MINISTRY OFWORKS & TRANSPORT NOTICE CORRIDOR 11A The Project Execution Unit Ministry of Works & Transport Hotline: (242 Email: firstname.lastname@example.org Jose Cartellone Construcciones Civiles S.A Email: email@example.comWe apologize for the inconvenience & delays caused. For further information please contact: the words I will never come back here again so many times, wrote a recent guest. While a New Jersey visitor summed up: The vacation from hell by citing her experience in the disco. We asked the DJ to play a song since it was supposed to be disco night, and all he played was rap, she wrote. He got on the microphone and said I am on vacation too, if you dont like the music then get the f*** out. That is the motto of the RIU Palace in Paradise Island. My advice is stay far away! Several guests said the hotel DJ and evening entertainment was not appropriate for children as there was a wild party atmosphere at the pool several guests described as smaller than expected. A milkman from Ohio said: I saw many drunk people doing things that shouldnt go on when you have many kids in the pool also. I had to take my 12-year-old girl to the beach when I saw a drunk girl bite a drunk guys crotch on the pool seats. An Atlanta couple who stayed at the RIU for four days at the end of July said: The pool was kind of gross. The water was cloudy and there was green slime under the ledge and in corners. Some said the beach was littered with garbage and the milkman was even offered cocaine. Others complained of no clean towels at the pool or in their rooms, a $25 charge for beach umbrellas, and a $100 deposit required for local phone calls. However, the hotel has a 66 per cent positive rating overall, with over 1,000 accumulated reviews. Those who praised aspects of the hotel said it was good for those on a budget with low expectations, but at $425 per night, others were expecting more. A Canadian guest said: We were not the only ones complaining as there were many people checking out early to go somewhere else! Those who said they enjoyed their stay gave much credit to the adjacent Atlantis resort. A tourist from Brooklyn, New York, wrote: The only plus was that it was easy to get to Atlantis (by the way, that hotel was amazing). If you haven't booked don't!!!! If you have, try to change your hotel. Calls to the RIU seeking a response to the reviews were put through to the Human Resources department, but not answered yesterday. Attempts to obtain a comment from the Minister of Tourism Vincent VanderpoolWallace or a Ministry of Tourism representative yesterday were also unsuccessful. houses prove a greater challenge to extinguish, as opposed to concrete houses, because once the wood between the concrete is lit, it is difficult to get water to the flames. No one was harmed in the blaze, however the flames ravaged seven years worth of personal belongings and left almost nothing to be salvaged, save one television and several articles of clothing, all of which were heavily smoke damaged. The government worker added: Everything is destroyed. All her [niece] school supplies, uniforms, everything gone. She is going into the 11th grade this year, this fire has completely upset our lives. The mother and niece are currently staying with another family relative, however the employee said the arrangement is temporary and they need to secure alternate accommodation as soon as possible. The employee said: Sadly, right now, Im sleeping in my car. We have nowhere else to live. I dont know how we will make it through this. Fire investigators have launched an investigation to determine the cause of Mondays fire. FROM page one Grant-Bethel set for showdown RIUhotel FROM page one FROM page one Fire displaces family JOBROW: Cheryl Grant-Bethel
ject, which recently received a pproval from China, now h inges on authorisation f rom the Bahamas government. As the developers and stakeholders in the construction industry await this decision, Mr Wrinkle said it is the catalyst the industry desperately needs to rebound f rom the downturn which b egan in 2008. We've been at the bottom of the barrel long enough and everyone is quite ready to move out of this depression all it will take i s a spark like Baha Mar to i nitiate this. When they (contractors) begin to reapply to banks for financing you willf ind the banks will be far more receptive than last yearw hen they know that there i s five years of work ahead in the construction sector, said Mr Wrinkle. "Hopefully we will see more people qualifying for loans. That will accelerate the housing sector which will m ove other areas of society t hat is always the biggest cont ributing factor to economic g rowth in any country." Mr Wrinkle said that while t here may be some drawbacks to green-lighting an extensive project like Baha Mar on such a small island, the economic benefits out-w eigh any other concerns. "There are pros and cons w henever there is a large s cale development. At the end of the day one would h ave to say that we're better off improving the Cable B each strip instead of leaving it alone. While I would not want to see any more (proj ects like) Baha Mar in the Bahamas, I think there is r oom for this one and I think t hat we should all be proac tive in making this happen," said Mr Wrinkle. In an initiative to help pre p are local contractors com pete with international companies for work on the pro j ect, the BCA, along with Baha Mar and the Bahamas Technical and Vocational Institute (BTVI a three-part construction plan that includes a job skills b ank, division contractors, and a contractor seminar series. Last week, the Chinese government formally approved the $2.6 billion i nvestment. Chinese Ambass ador Hu Dingxian is expecte d to return to the Bahamas on August 18 when he is scheduled to meet with Prime Minister Hubert Ingraham to hand over the f ormal approval. Baha Mar will award about $60 million of construction contracts to six Bahamian contractors to commence work on the comm ercial village centre part o f early infrastructure works n eeded to prepare the resort site. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, AUGUST 5, 2010, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Baha Mar project will stimulate the stalled economy FROM page one
But the tight budget associated with the global economic downturn will not hold back Bahamas International FilmF estival (BIFF director Leslie Vanderpool who intends to make this years festival live up to the high standards associated with BIFF. Attendance by Hollywood heart-throb Johnny Depp, British actress Sophie Okonedo and Bahamian-American rockstar Lenny Kravitz last year will be followed up with a visit from an equally esteemed actor and A-list celebrity at the festival this December, Ms Vanderpool said, but she is keeping the identity of the surprise guest closely guarded. We do have somebody coming, she said with a secretive smile. Somebody big, but Im not telling you. The festival director hopes this big celebrity will be even more involved in BIFF events as the festival has been cut from seven to five days this year, giving the star guest (or guests opportunity to stay for the entire festival from December 1-5. In the more concentrated event Ms Vanderpool will select fewer films than the 60 shown last year, and focus on carefully chosen independent movies that will attract most, if not all, of the filmmakers to Nassau for the entire five days. The great thing about the Bahamas festival is that its intimate, Ms Vanderpool said. People get to network, see each others films and just hang out and meet new people in the industry. By having the festival over just five days it will give people the opportunity to stay throughout the whole event and an opportunity for celebrities to be a part of the whole event. Sponsors will also have the opportunity to network with key players in the industry and get fully involved in the festival screenings and star-studded events. They will also be invited to take ownership of the event in a creative and collaborative approach to advertising that will see their company logo branded with the film festival and given the international exposure associated with the only international cultural event in the country, Ms Vanderpool said. And Bahamians will continue to benefit from the panel discussions, youth film programme, and film residency programme designed to help aspiring filmmakers break into the industry, as well as films they may not otherwise have the opportunity to see. Ms Vanderpool said: Films bridge cultures. They can raise the social conscience of our community and people can learn so much through film. While Ms Vanderpool and her team iron out the details of where screenings and events will be held, movie-lovers are invited to view selected movies from the 2009 festival at the Old Fort Bay Club at 7.30pm every Wednesday until November 24. BIFF is also building up to the Big Screen Art Scene auction at Old Fort Bay on August 28 and the Spanish-themed Fiesta Hispana event at Compass Point on September 25 to gather support for the seventh annual event. For more information about the festival and ongoing events log on to www.bintlfilmfest.com where a full programme for the 2010 festival and film listings will be posted on October 31. To become a sponsor and pledge your support contact Vanessa Williams at BIFF in Fourth Terrace, Collins Avenue, on 325-5747 or email firstname.lastname@example.org before August 30. C M Y K C M Y K LOCAL NEWS PAGE 10, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM indicated that government funding to the schools would be cut by 20 per cent, however Mr Bannister said no school was cut the full amount. He said: Where we may have had any discretion, we tried to increase it. If there was any money at all available in the budget that we could find anywhere, even if it was just $50, we included it into that funding. The education minister reaffirmed the ministrys commitment t o work with the private sector as best it could during the difficult period, however he said that underperforming schools would not be given priority. He explained that going forward the ministry would be re-evaluating the performance of private schools, specifically non-affiliated schools that had been receiving funding but were not producing significant results. The subsequent restructuring of grants would affect a greater correlation between the funding allotted and results achieved. Mr Bannister added: As soon as possible, we are looking to i ncrease the grants. It is a tight budget, but we are constantly looking at ways in which we can provide greater assistance. FROM page one Private schools did not receive full subsidies cut FROM page one Festival
C M Y K C M Y K LOCAL NEWS THE TRIBUNE THURSDAY, AUGUST 5, 2010, PAGE 15 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM NEW RATES& BILLING CHANGES EffectiveJuly1st,2010TheBahamasElectricityCorporation (BEC P rovidenceandtheFamilyIslands.Billingsforallconsumers during this transition period will be carried out as follows:BillsfortheserviceperiodMay16thtoJune15thwiththebillingdate J uly 3rd were mailed out on or around July 10th and were due for payment on July 23rd at the old rates; Bills for the service period June 15th to June 30th were estimated with a billing date of July 15th at the old rates. The bills for this abbreviated period are due for payment on August 6th; The new rate comes into effect for the service period commencing July1st,2010.Meterreadingsforthisserviceperiodwilltakeplace a ttheendofJuly,andbillswillbesentoutinmid-August.Paymentfor this period will become due on September 6th, 2010. Commercial accounts that were billed at the end of June at the old rates will receive their next bill at the end of July at the new rates. The new rates as of July 1st, 2010 will be as follows: RESIDENTIAL0-200 units per month10.95 cents per unit 201-800 units per month11.95 cents per unit Remaining units14.95 cents per unit Minimum monthly charge$5.00COMMERCIALAll units per month15.00 cents per unit Minimum monthly charge$10.00GENERAL SERVICEMONTHLY BILLS UNIT CHARGE KVA CHARGE Demand charge per month$11.36 per KVA 0-900,000 units per month8.70 cents per unit Remaining units per month6.20 cents per unit Minimum monthly charge$ 568.00TEMPORARY SUPPLIES16.38 cents per unit $20.00 connection fee $10.00 per month Meter RentalFUEL CHARGE(variable per unit to include total cost of fuel SPECIAL SERVICES Special Reading, Check Reading, Fuse Replacement $5.00 Meter Test Minimum charge$10.00 Visit with intent to disconnect Residential Consumer Commercial Consumer $10.00 $15.00 Reconnection Fee $20.00 Returned Cheque Fee$15.00 TARIFFBAHAMAS ELECTRICITY CORPORATION Should you have any inquiries please call 302-1786 or 302-1639 July 6, 2010:LenoCorporateServices Limited, a new Bahamianownedfinancialservices firm,hasannouncedits opening .Pineapple Place, Bernard Road P.O. Box N-8339 | Nassau, N.P., Bahamas Tel: (242242 Sean K. Longley ,CPA PresidentLeno is headed by chartered accountant, Sean K. Longley, who has spent years in leading roles with some of the biggest names in financial services. Longley said that the firm was born out of an idea to provide a broad variety of financial services to the local and regional financial community, catering to the large commercial investor and taking a special interest in bringing the small investor safely into the big picture. e are pleased that Leno is creating a very important niche in financial services in The Bahamas with specialized services designed to get ordinary Bahamians investing with confidence. All too often the small investor is intimidated by lack of knowledge and know-how, said Longley. e want to give smaller clients that personal touch to demonstrate how a seemingly insignificant amount of funding can work for them. Its one of the reasons we chose the motto Bridging the gap between your present and future financial goals, Mr. Longley commented. Leno is an amalgamated financial services organization that gives investors a combination of expertise, experience and proven performance. Leno offers a wide range of financial consulting and management services, including pension consulting and administration, investment management, brokerage and trading, accounting and payroll services and financial consulting. As with all good financial managers, the companys goal is to provide financial solutions that help its clients make timely and informed decisions. Company president, Sean K. Longley, is a certified public accountant, holding credentials from the Georgia State Board of Accountancy. He is a member of the American Institute of Certified Public Accountants and a licensed member of the Bahamas Institute of Chartered Accountants. Longley formed Leno in May 2010. His previous engagements include a tenyear stint as Vice President at Colina Financial Advisors Ltd.(CFAL), Manager Client Accounting at SG Hambros/Coutts (Bahamas Corporate Services at Coutts (Bahamas Ltd. Mr. Longley also served as a Director of Bahamas Financial Services Board, from September 2002 to August 2006 and acted in the capacity as Treasurer. The offices of Leno Corporate Services Ltd are located at 2nd Floor Pineapple Place on Bernard Road. The St Andrews Beach Estates environmental committee, which is chaired by Christina Durham, spent three house cleaning up the beachi n their community on Saturday, July 24. They filled about 15 large garbage bags with litter. A spokesperson for the group said: We e ncourage all residents and visitors alike who use the beach to please utilise the two 55 gallon garbage receptacles located at the beach site and/or take your litter with you when you leave the beach. Please help us keep our subdivision clean, green and pristine. The committee also encouraged residents of the area to support them in their clean-up effortso ver the next two weekends and all other community events including the up coming Back to School Seminar which will be held on Saturday, August 14 at the Inland Park. All parents and c hildren are invited to attend. Committee members will be cleaning the entrance of the park and the surrounding area next Saturday and hope to paint the walls on the following Saturday. TAKINGASTANDAGAINSTLITTER
By CHESTER ROBARDS Business Reporter email@example.com THREE minutes is how long it can take to get your loan approval from XM Loans Limited, the compa nys president and CEO told Tribune Business yesterday. Troy Sampson in a demonstration of the speed and viability of the information offered on XMs website had a loan approved in principle in just three minutes, after the computer software attached to the portal queried income, loan amount, expenses, lender interest rate and even nationality to end at the results. And those results are able to be instantly emailed to the applicants real estate agent, any bank the system recom mends or simply to them selves. Mr Sampson said there is no other mortgage broker in the region utilising the same software. We invested lotsin the system, he said. We poured the majority of our resources into getting the sys tem to where it is today. According to Mr Sampson, XM has been around for three years and has upgrad ed their system from offering the query results in an email in one minute, to having it appear instantly on the computer screen. This, he said, saves any interested home buyer from bouncing from bank to bank seeking loan qualification and viewing properties that may not be financially suitable for them. With XMs system, applicants can find out instantly if they can be approved by any local lender, he said. XMs system is completely free online and the business itself charges no upfront fees to its customers, as transactions are made through the commercial banks processing the loans. We are helping Bahamians see that it is important to try to get the best mortgage, he said. The results of the loan query also suggest to the applicant what documents the broker needs in order to com plete the loan process, and if the applicant is not approved, it advises them see a profes sional for a more personalised service. Mr Sampson said as long as the information put into the system is correct, users will get the most accurate loan information and advice. He said the online system can also assist realtors in assessing their clients instantly. Because XM has the most unique system in the region, Mr Sampson is considering expanding it into the wider Caribbean. Mr Sampson said XM has already been successful in finding homes for buyers in Lyford Cay, Old fort Bay and Ocean Estates, and its portal has the most extensive listing of foreclosed properties online. We have the repossessed list for most institutions, he said We are the first company that has put that informa tion online can you imagine that? By CHESTER ROBARDS Business Reporter firstname.lastname@example.org THE governments new Business License Bill requires clarification on the wording certification for licensing and renewal, the Bahamas Institute of Chartered Accountants (BICA it leaves the process open to fraudulent submissions. Reese Chipman also added that because many small businesses in the Bahamas start up without consulting certified accountants, theyf ail or encounter inconsistencies in their financial reports when renewing business licenses and applying for loans. Mr Chipman said these two numbers often conflict, with revenues reported to the business license bureau often being different from that of loan applications. He said while securing the services of a chartered accountant could be an overhead expense many small businesses would like to avoid, it often means the difference between the growth and overall position in the capital markets and its utter fail ure. We would like to have seen the requirements for the use of licensed accountants to sign off on all busi ness license applications, said Mr Chipman. For me this is not a matter of revenue for the profession, but a matter of standards and the use of consistent and comparative accounting principles. According to him, this countrys accession to the World Trade Organisation and other regional and International trade agreements such as the Economic Partnership Agreement, will require that financial information be standardised so they can be compared to other markets where there is opportunity for trade. He also suggested that business insurance should have been mandated by the bill to give small business es some manner of reprieve if they should encounter problems. Mr Chipman added that while the Financial Administration and Audit Act is in line with international reform, the government has to move with the hard and fast initiatives adopted by world economies, the G20, IMF and World Bank which advocate International Public Sector Accounting Standards (IPSAS These standards will allow governments to provide standardised and comparable information from across the public sector, he said. As a result citizens will have access to fuller information about the financial consequences of political decisions, as well as about the financial situation of their government. By CHESTER ROBARDS Business Reporter email@example.com S ubways regional franchise office based in Miami is in talks with a pos sible third local franchisee following the disenfranchisement of one of three owners in the Bahamas, i t has been revealed. A nd the remaining franc hisees across the Bahamas could soon complete more than $100,000 worth of reno vations. Edgar Santiago, director of operations at Subway development of southeast Florida, said the remaining two franchise holders are still committed to upholding the Subway brand as they undergo mandatory renovations, while the regional office is in talks with a third franchise owner. Mr Santiago said Subway would like to replenish the number of subway locations across New Providence. He said despite reports in the local media, former franchise owner Wes Bastian was stripped of his franchise license by the brand. Mr Bastian has since rebranded his locations, which now bear the name Bahamas Subs and Salads. According to Mr Santiago, a court matter is pending between Subway and Mr Bastian, that barred him from going into the details of the their case against the former franchise owner. Research Tribune Business research unveiled filings from the US District Court of Connecticut, which revealed that Subway International BV had, on August 25, 2008, obtained a default judgment of $37,792 against Mr Bastian, repre senting the then-unpaid portion of a $67,792 award against him for alleged royalties, advertising fees and costs. The ruling stemmed from an American Arbitration Association ruling against Mr Bastian on December 18, 2007, which backed Subways decision to terminate his Bahamian franchise agreement and awarded it $62,922 in royalties and advertising fees. Subway had alleged that Mr Bastian failed to pay royalties and advertising fees in a timely fashion and failed to operate his restaurants in compliance with the Opera tions Manual. It is unlikely, though, that this is the same court action that Mr Santiago is referring to. Part owner of the remain ing five Subway branded locations, Serena Miller, said their locations are still open, doing well and are undergoing renovations of up to $50,000, in compliance with their franchisee agreement. They are updating to Subways new Tuscany decor which requires a total facelift, including new countertops, tables and chairs. Mrs Miller said their South Beach, Cable Beach, Prince Charles, Marathon Mall, and Carmichael locations will all undergo the renovations. Mr Santiago said while Mr Bastian has moved on to greener pastures, the Millers and Grand Bahama franchise owner, Shuffel Hepburn, continue to reinvest in their stores and will continue to have the full support of the Subway brand. We by no means plan on leaving the islands and plan on supporting the Millers and Mr Hepburn, he said. We want to have the same products we serve here in the USs erved over in Nassau. Subway in talks with possible third Bahamas franchiser C M Y K C M Y K SECTIONB firstname.lastname@example.org THURSDAY, AUGUST 5, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third p arty and The Tribune can not be held responsible for errors and/or omission from the daily report.$4.29 $4.29 $4.29The information contained is from a third party and The Tribune can not be h eld responsible for errors and/or o mission from the daily report. $4.24 $4.25 $4.26 BICA chief: New Business License Bill requires clarification Y our property loan approval in minutes
By SARAH SKIDMORE AP Retail Writer PORTLAND, Ore. (AP Nike Inc.'s CEO Mark Parker received compensat ion valued at $13.1 million d uring fiscal 2010 a more t han 84 per cent increase from the year before, according to an Associated Press analysis of a recent regulatory filing by the shoe and apparel company. Parker's pay package totaled about $7.1 million the year before. But the company did not grant him, nor any of its executives, an annual performance-related cash bonus that year because the company didn't meet its financial performance goals. Nike exceeded its financial goals for the 2010 and as a result, it paid Parker $4.4 million in a cash performance bonus, which made up the majority of his compensation growth. Salary Parker received a salary of nearly $1.5 million and stock options valued at $7 million. The company also gave him other compensation of $191,685 for the year including contributions to retirement funds and an anniversary service award for the chief executive. The Associated Press formula is designed to isolate the value the company's board placed on the executive's total compensation package during the last fiscal year. It includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, making the AP total different in most cases from the total that companies report to the Securities and Exchange Commission. Nike, based in Beaverton, Ore., earned $1.91 billion for the 2010 fiscal year a 28 per cent increase from the year before. Excluding onetime items, that measure rose two per cent. Annual revenue fell one per cent to $19 billion and was down two per cent excluding currency changes. The weak economy did slow Nike during the year, but the company was able to improve its balance sheet and profitability under Parker's leadership as its strategy of maintaining tight costs controls and expanding its brandsa round the globe began to pay off. Nike's stock price rose roughly 22 per cent during the fiscal year. C M Y K C M Y K BUSNESS PAGE 2B, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By DEIDRE M BASTIAN FOR many, the thought of presenting before a crowd might induce fright, butterflies or sometimes an emergency visit to the doctor for a few tranquilizers. Well, not that grim for everyone but to the novice it might be accurate. Why do you feel presentations stimulate fear? Its a number of factors that lends itself to this platform, however fear of the unknownis one aspect. Know that fear makes us weak, while confidence with preparation makes us strong. Most times, presenters are faced with uncertainty as to whether their production would evoke loud applauds or loud snores. Pragmatically, I have never met a person who rehearses or prepares with the intent of making smart dupes of themselves, as everyone wants to appear conversant and well prepared. Preparation. Specifically, it is vital to ALWAYS be organised. By this same token, it is the presenter's task to deliver and "will the attention of their audience as they are expecting a great time and nothing less. Theory is good, but practical is better It seems annoying to observe presenters five minutes prior to a presentation, searching for the appropriate connectors or equipment as perhaps they might have been left in the vehicle thats in the parking lot etc, etc. Get this one ... it was just discovered that the laptop or the projector is malfunctioning. Shall we say annoying?, not really, just a little embarrassing. To whom?, no, not to the audience but to the presenter or his/her department. Unquestionably, all business people are aware that challenges like these unexpectantly stop by without invitation and prey on the best of us. Nonetheless, having an alternative plan of action or diverse strategies in place is key! Why? Due to the fact that the weather does not always project as forecast! Consequently, preparing the night or even hours before to ensure that ALL the ducks are in the right row before the curtain opens can prevent embarrassment. In light theory, everyone loves when a plan comes right together, seamlessly and with minimum hiccups. I certainly do. Rehearse: Based upon this principle, ensure you are familiar with every detail of your talk and all slides are in the order in which they appear. If need be, practice in front of a mirror which is the best way to find potential tripping points and inconsistencies which presents an opportunity to weed out all bad jokes. But most importantly, you would feel more comfortable, still appearing conversational and knowledgeable as expected. N N B B : : T T h h e e a a u u t t h h o o r r w w e e l l c c o o m m e e s s f f e e e e d d b b a a c c k k a a t t : : d d e e e e d d e e e e 2 2 1 1 1 1 1 1 @ @ h h o o t t m m a a i i l l . c c o o m m Presenting the best of yourself The Art of Graphix by Deidre M Bastian Nike CEO compensation soars in fiscal 2010 To advertise in The Tribune the #1 newspaper in cir culation, just call 502-2371 today!
NEW YORK (AP Property and casualty insurer Allstate Corp. said Wednesday that its net income fell sharply in the second quarteras a result of investment losses. But the Northbrook, Ill., company noted that the performance of both its insura nce and financial services b usinesses showed improvements. For the three months ended June 30, Allstate earned $145 million, or 27 cents per share. That compares with a profitof $389 million, or 72 cents per share, in the year-ago period. Excluding one-time investment gains and losses, the company earned 81 cents per share. By that measure, analysts surveyed by Thomson Reuters expected Allstate to post a net income of 69 cents per share. The investment losses pushed Allstate's quarterly revenue down to $7.66 billion, from $8.49 billion in the second quarter of 2009. The losses stemmed primarily from derivatives, which Allstate uses to hedge against risks such as interest-rate fluctuations. The company booked $451 million in total realized capital losses, compared with a gain of $328 million in the yearago quarter. Excluding the impact of investment losses, the company's operating income rose to $441 million, from $297 million in the year-ago period. In the company's insurance business, catastrophe losses f or the quarter eased to $636 m illion, compared with a record $818 million in the same quarter last year. The combined ratio, which measures an insurance company's losses and expenses, improved to 96.8 per cent, from 100 per cent in the yearago quarter. A ratio above 100 means that for every premium dollar taken in, more than a dollar went to cover claims and expenses. A figure below 100 means the company made a profit on its insurance operations. Meanwhile, the company's financial arm reported an operating income of $125 million, compared with $65 million last year. When factoring in investment losses and other onet ime costs, however, Allstate F inancial had a net loss of $107 million for the quarter. C M Y K C M Y K BUSINESS THE TRIBUNE THURSDAY, AUGUST 5, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 6 (5*(3,(55(RI&2//,16 $1$66$8%$+$0$6 *,1$-($1(77((7,(11(RI 67-$0(652$'3%2;1$66$8 %$+$0$6 Board of Directors of FamGuard Corporation Limited is pleased to advise that the second quarterly dividend for 2010 of 6 cents per share has been declared to be paid on August 17, 2010 to Shareholders of record as at August 10, 2010FAMGUARD CORPORATION LIMITEDe parent holding company of Family Guardian Insurance Company Limited BahamaHealth Insurance Brokers & Benet Consultants Limited FG Insurance Agents & Brokers Limited FG Capital Markets Limited FG Financial Limited Investment losses hurt Allstates Q2 net income
By TALI ARBEL AP Business Writer NEW YORK (AP Wheat prices hit a 22-month high Wednesday after theU nited Nations' food agency cut its forecast for production in 2010, citing bad weather in Russia and other countries. The price of wheat has risen 68 per cent since early June, and notched a 42 per cent jump in July alone that was the biggest monthly gain in at least 51 years. A severe Russian drought has already destroyed onefifth of that country's wheat crop, and forecasters predict c ontinuing hot and dry weathe r there. "It almost feels like n o one thinks it is going to rain in Russia anymore or ever again," said John Sanow, an analyst with Telvent DTN in Omaha, Neb. "There's some talk that if it stretches into the fall, it could effect 2011 production." Estimates from Russian grain growers' unions and economists range from a 30 per cent to 44 per cent drop in exports this year from 2009. Whether Russia actually will cut back its exports is a major unknown since the country reportedly has large stocks of wheat left over from prior harvests, Sanow said. Fear and uncertainty are driving the market. The UN's Food and Agriculture Organisation cut its wheat production forecast Wednesday by 3.7 per cent to 651 million metric tons from its forecast of 676 million metric tons in June. A metric ton is equal to about 37 bushels of wheat. Wheat trading on the Chicago exchange is measured in bushels. The agency said it expected less wheat this year because of the drought in Russia, a major exporter, as well as Kazakhstan and the Ukraine. Another of the world's biggest grains exporters, Canada, is expected to produce less wheat because heavy rains destroyed crops or prevented farmers from planting. Still, world commodity supplies remain "more balanced" than during the crisis in 20072008, when wheat peaked above $13 a bushel. "Fears of a new global food crisis are not justified at this point," FAO said in a report. Wheat for September delivery ratcheted up another 45.75 cents, or 6.7 per cent, to settle at $7.2575 a bushel Wednesday. They peaked at $7.29 a bushel, the highest point since September 2008. The rising price of wheat helped pull up futures of other agricultural goods. Farmers may switch fields over to wheat if they feel prices are more lucrative for wheat, creating less supply of other grains. September corn contracts rse 10.75 cents, or 2.8 per cent, to $4.0025 a bushel, while soybeans for November delivery added 6.25 cents to $10.2425 a bushel. September oats jumped 5.25 cents to $2.8025 a bushel. Meat futures also rose. If corn keeps rallying, that's going to drive up the cost of feeding cows and pigs. That means livestock producers may cut back on the number of animals they raise, said Sanow. October live cattle futures rose 1.55 cents, or 1.6 per cent, 95.775 cents a pound. October lean hogs rose 2.5 cents to settle at 78.95 cents a pound. Meat and grains aren't the only foodstuffs on the rise. Coffee futures for September rose 3.1 cents, or 1.9 per cent, to settle at $1.6975 a pound. They peaked above $1.80 a pound on Monday, the highest levels for the beans since 1998, said Spencer Patton, chief investment officer for commodities hedge fund Steel Vine Investments LLC. Coffee prices have soared in the past two months because of weak harvests in Vietnam and Colombia, but an excellent crop being harvested now in Brazil should put a stop to the rally, he said. Still, JM Smucker Co., which sells Folgers, Dunkin' Donuts and Millstone brands, said Tuesday that it would raise prices nine per cent for coffee sold in the US. In other commodity trading, energy and metals futures were mixed. Gold for December delivery rose $8.40 to settle at $1,195.90 an ounce, while silver dropped less than one per cent, 0.14 cents, to $18.278 an ounce. Benchmark crude for September delivery fell eight cents to $82.47 a barrel on the New York Mercantile Exchange. In other Nymex trading in September contracts, heating oil rose 0.22 cent to $2.2022 a gallon, gasoline lost 1.85 cents to $2.1750 a gallon and natural gas added 9.8 cents to $4.737 per 1,000 cubic feet. C M Y K C M Y K BUSINESS THE TRIBUNE THURSDAY, AUGUST 5, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.341.00AML Foods Limited1.041.040.000.2500.0404.23.85% 10.759.67Bahamas Property Fund10.6310.630.000.0500.200212.61.88% 6.255.00Bank of Bahamas5.005.000.000.5980.2608.45.20% 0.580.27Benchmark0.300.27-0.031,000-0.8770.000N/M0.00% 3.493.15Bahamas Waste3.153.150.000.1680.09018.82.86% 2.152.14Fidelity Bank2.172.170.000.0550.04039.51.84% 12.509.62Cable Bahamas11.1111.110.001.4080.3007.92.70% 2.842.50Colina Holdings2.552.550.000.5110.0405.01.57% 7.005.00Commonwealth Bank (S1)6.046.040.000.4600.23013.13.81% 3.652.23Consolidated Water BDRs2.402.37-0.030.1110.05221.42.19% 2.551.60Doctor's Hospital2.002.000.000.6270.1103.25.50% 6.995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.908.75Finco8.908.900.000.1680.52053.05.84% 11.409.50FirstCaribbean Bank9.749.740.000.7200.35013.53.59% 5.533.75Focol (S)4.655.030.383,7000.3660.17013.73.38% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.4070.24013.74.29% 10.509.95J. S. Johnson9.959.950.000.9520.64010.56.43% 10.0010.00Premier Real Estate10.0010.000.000.1560.80064.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029T UESDAY, 3 AUGUST 2010BISX ALL SHARE INDEX: CLOSE 1,492.80 | CHG 6.66 | %CHG 0.45 | YTD -72.58 | YTD % -4.64BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%B ISX LISTED & TRADED SECURITIES AS OF:7% Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.067.92Bahamas Supermarkets9.4210.4214.00-2.9450.000N/M0.00% 8.006.00Caribbean Crossings (Pref2.006.254.000.0000.480N/M7.80% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.48251.4387CFAL Bond Fund1.48253.046.961.460225 2.92652.8266CFAL MSI Preferred Fund2.91991.140.852.911577 1.54381.4804CFAL Money Market Fund1.54382.434.281.527368 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8522-8.49-8.08 13.638813.0484Royal Fidelity Prime Income Fund13.41100.333.32 109.3929101.6693CFAL Global Bond Fund109.39295.207.60107.570620 105.779593.1998CFAL Global Equity Fund100.1833-1.523.56105.779543 1.11771.0000FG Financial Preferred Income Fund1.11772.525.19 1.09171.0000FG Financial Growth Fund1.07850.985.29 1.11621.0000FG Financial Diversified Fund1.11622.345.45 9.57959.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.54392.166.25 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.0344-6.845.63 10.00009.3299Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.3299-6.70-6.70 7.96644.8105Royal Fidelity Int'l Fund Equities Sub Fund7.3073-5.3116.22 BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200730-Jun-10 30-Jun-10 103.987340 101.725415 30-Jun-10 30-Jun-10 NAV 6MTH 1.438700 2.886947 1.511377TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Jun-10 30-Jun-10 30-Jun-10 23-Jul-10 30-Jun-10MARKET TERMS30-Jun-10 30-Jun-10CFAL Securities Ltd. (Over-The-Counter Securities)30-Jun-10BISX Listed Mutual FundsNAV Date 30-Jun-10 30-Jun-10 ('/,1()5$1&2,6RI),5( 7 5$,/52$'1$66$8%$+$0$6 UN agency cuts wheat forecast; rally resumes
C M Y K C M Y K INTERNATIONAL BUSINESS THE TRIBUNE THURSDAY, AUGUST 5, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Lot #7 Golden Meadows SubdivisionLot#336, Golden Gates Estates#2 Single Family ResidenceSingle Family Residence 2-Bedrooms, 2Bathrooms(32 Property Size: 5,961 sq ftProperty Size: 6,000 sq.ft Building Size: 1,750 sq ftBuilding Size: 1,890 sq.ft Appraised Value: $256,000.00Appraised Value: $207,000.00 Travel west on Carmichael Road from Blue Hill Road turn onto the From the intersection of Cow Pen and Golden Isles, travel north on Goldentheird left Golden Sun Drive )the corner after St.Gregory's Anglican Isles Road to the second corner on the left and the subject is the eighth Church and before Carmichael Primary School travel south on Sun property on the right. The subject is painted lime green and trimmed white.Drive to the first, travel west pass the second corner on the right and the subject fourth property on the right. The subject is painted white trimmed white Lot# 18 Block # 2 Baillou Dale Subdivision, N.PLot# 51 Twynam Heights Subdivision, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms3-Bedrooms, 2-Bathrooms Property Size: 5,750 sq. ftProperty Size: 11,494 sq.ft Building Size: 1,809 sq.ftBuilding Size: 4,903 sq.ft Appraised Value: $234,000.00Appraised Value: $627,000.00 From the intersection of Blue Hill and Soldier Roads; travel north on Blue HillTraveling west on Prince Charles Drive from Yamacraw Hill Road, take the 1st corner Road to the first corner on the left; travel west on the road and as the road on the left (Adams Court). Heading south take the 2nd corner on the left (Appaalachian curves to the right, the subject is the 6th house on the right. The subject is Avenue). The subject property is the 7th lot on the right, a split level structur painted painted white and trimmed white.beige with white trim. Lot# 2830 Cedar Grove Estates Subdivision, N.PLot# 1798 Pinewood Gardens Subdivision, NP Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms4 Bedrooms, 2Bathrooms Property Size: 5,000 sq.ftProperty Size: 5,000 sq. ft B uilding Size: 1,054 sq.ftBuilding Size: 1,756 sq ft Appraised Value: $150,000.00Appraised Value:$135,000.00 Travel east on Charles W. Saunders Highway; turn right into Sir Lynden Pindling EstateTravel west on Thatch Palm Road from Pinewood Drive to the second roadway on o nto Lady Marguerite Pindling Avenue; travel south to the first corner on the right the east known as Avocado Street. Travel east to the 19th lot on the south side ( Pine Street); travel west to the second intersection (Buttonwood Street); turn left ontoof Avocado Street. The house is painted white with mustard trim and a mustard Buttonwood St. and the subject is the 14th property on the left painted white.colored wall. Thatch Palms Road is the second roadway on the south travelling e ast from East Street South on Pinewood Drive. Lot #59 Yamacraw Shores Subdivison, N.P Single Family ResidenceLot#16, Blk#8, Nassau East North, N.P. 4-Bedrooms, 2-BathroomsSingle Family Residence Property Size: 5,000sq ft3 Bedrooms, 2 Bathrooms B uilding Size: 2,317 sq ftProperty Size: 8,688 sq.ft A ppraised Value: $306,433.00 Building Size: 2,398 sq.ft Appraised Value: $351,215.00 Direction: From Fox Hill Road travel east along Yamacraw Hill Road and turn right on the 2nd corner (Yamacraw Shores Drive); continue and turn left on theTravel east on Prince Charles Drive; turn left into Nassau East North; travel north 5th corner continue to the "T" junction and the subject property is the 3rd lotto the first corner on the right and the subject is the secong property on the left on onthe right.Northwest Corner. The subject is painted green and trimmed green; house# 16Lot# 1 Gladstone Close, N.PLot#187, Twynam Heights Subdivision Single Family ResidenceSingle Family Residence 3Bedrooms, 2 bathrooms5 Bedroom, 3 Bedroom Property Size: Property Size: 8,000 sq.ft Building Size: BuildingSize: 2,688 sq.ft Appraisal Value: $155,000.00Appraised Value: $317,000.00 Travel north on Gladstone From Carmichael Road to the 2nd roadway on the Travel East on Prince Charles drive to the corner east os Super Value right after passing Rocky Pine Road. Travel east to the first roadway on theWinton turn right and the subject is the second house on the left. The right (Peet CloseThe subject subject is painted lime green and trimmed white. Lot#286, Nauru Crescent Elizabeth EstatesLot# 3225/226 Sir Lynden Pindling Estates, N.P Single Family ResidenceSingle Family Residence 6Bedrooms, 1 Bathroom2 Bedrooms, 2 Bathrooms Property Size: 4,928 sq.ftProperty Size: 5,000 sq. ft Building size: 874 sq.ftBuilding Size: 1051 sq.ft Appraised Value: $119,000.00Appraised Value:$155,000.00 From Yamacraw Hill Road & Australia Avenue, travel north on Australia Ave.Travel east from the Pinewood Drive and Pinewood Blvd round about to the first road take the fifth right, Nauru Crescent and the subject property is the second onjunction Travel south on to the second roadway on the left (Lauren Street the right. roadway on the left (Pear Tree Avenue). Travel north to the 2nd roadway on the right (Red Wood Street). Travel east to the 23rd house/lot on the left of Red Wood Street. The subject property is white trimmed blue. Lot# 20, Lexington Estates Subdivision, NPLot# 8, Allotment # 56 East of Sea Breeze Estates, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms3 Bedrooms, 2 Bathrooms Property Size: 7,296 sq.ftProperty Size: 5,547 sq.ft Building Size: 1,164 sq.ftBuilding Size: 1,543 sq.ft Appraised Value: $180,000.00Appraised Value: $219,000.00 FINANCE CORPORATION OF BAHAMAS LIMITED P ROPERTY LISTED FOR SALE C ontact Numbers 393-2004 Houses July, 2010 Travel south on East Street and turn right (westFrom Joe Farrington Road & Marigold Farm Road, travel south on Marigold Farm Rd, the fourth (4thnorthThe subject property is the 5th lottake the second right, Lumumba Lane, then the first right, and the subject property o nthe right side of road. The house is a peach color. is the 5th lot on the left. L ot# 27B Pratts Close Subdivision, NPLot#32, Blk#3 phase#1, Faith Gardens Single Family ResidenceSingle Family Residence 3-Bedrooms, 2 Bathrooms4 Bedrooms, 2 Bathrooms Property Size: 5,842Property Size: 6,000 sq.ft Building Size: 1,220Building Size: 2,250 sq.ft A ppraised Value: $180,500.00Appraised Value: $295,675.00 F rom Carmichael and Golden Isles Roads travel south to the the first F rom the traffic light at Faith Avenue & Cow Pen Road, travel south along Faithcorner on the corner on the left and the subeject property is the 7th on theAvenue to the entrance to Faith Gardens; turn left and continue to the last "T"r ight, blue trim white.junction, turn right and the subject property is the 11th on the right. Lot# 398 Twynam Heights Subdivision, NPLot on the north side of South Beach Road, N.P Single Family ResidenceSingle Family Residence4 -Bedrooms, 2 Bathrooms3 Bedrooms, 1 Bathroom P roperty Size: 15,499 sq. ftProperty Size: 4,630 sq.ft Building Size: 2042 sq. ftBuilding Size: 912 sq.ft A ppraised Value: $338,548.00Appraised Value: $121,000.00 From Prince Charles Drive travel south along Twynam Avenue and the Traveling east on South Beach Road from Blue Hill Road, take the 1st corner on the left s ubject property is the 4th on the right after the first corner on the right.The subject property is the 2nd house on the left. A single storey residence painted white trimmed green. Lot#8 Hanover Court, N.PLot#180, Victoria Gardens, N.P. D uplex ApartmentSingle family Residence 2-2Bedrooms, 2 1/2 Bathrooms2 Bedrooms, 1 Bathroom Property size: 5,670 sq.ftProperty Size: 6,000 sq.ftB uilding Size: 2,107 sq.ftBuilding Size: 816.50 sq.ft Appraised Value: $283,000.00Appraised Value: $151,820.00 From Fox Hill road turn onto Sea Breeze lane travel westFrom J. F. Kennedy Drive travel south along Gladstone Rd. ando nSea Breeze Lane and turn on th e first corner after the take the first entrance on left (former Gladstone FarmC hristian Life Centre continue north and the subject is the fourthacross the intersection and continue to the 'T' junction; turn left,property on the right. White trimmed with an unpainted wallt hen another left and the subject property is the 6th on the left. which is to be sprayed with the marble creek spray on exterior. Lot#179 Yamacraw Shores Subdivision, N.PLot# 22 East Park Estates, N.P Single Family ResidenceSingle Family Residence 3-Bedrooms, 2-Bathrooms3 Bedrooms, 2 Bathrooms P roperty Size: 7,513 sq ftProperty Size: 7,934 sq.ft Building Size: 2,012 sq ftBuilding Size: 1,233 sq.ft Appraised Value:$266,780.00Appraised Value: $184,000.00 Direction: From Fox Hill Road travel east along Yamacraw Hill and turn right From Prince Charles Drive & College Gardens Drive, travel south on College Gardens onthe 2nd corner (Yamacraw Shores Drive); continue and turn left on the 7th Drive, turn left at the T-Junction, Pine Barren Road, take the first right into East Park corner continue to the "T" junction and the subject property is the cornlot on Estates; turn right at the T-junction, Comfort Lane, bear left on to Maria Avenue, take right. thesecond left, Morning Street and the subject property is the first on the left. Lot# 1705 Pinewood Garden Subdivision, N.PLot# 178 Bel-Air Estates Single Family ResidenceSingle Family Residence 3-Bedrooms, 2Bathrooms4 Bedrooms, 2 Bathrooms Property Size: 5,000 sq ftProperty Size: 6,000 sq.ft Building Size: 1,790 sq ftBuilding Size: 1,621sq.ft Appraisal Value: $171,000.00Appraised Value: $184,000.00 From East Street and Bamboo Blvd. (by police stationTraveling east on Carmichael Road from Faith Avenue, take the 7th corner (Iguana Blvd., take the 3rd right, Thatch Palm Avenue, the the second left, Avocado St.Way) on the right. Heading south the subject property is the 13th house on the left. and the subject property is the 8th on the left.A single storey building painted white with orange trim. Lot #2912 Sir Lynden Pindling EstateLot# 94 Twynam Heights Subdivision, N.P Single Family ResidenceSplit level Single Family Residence 2-Bedrooms, 2Bathrooms5 Bedrooms, 3 Bathrooms Property Size: 5,000 sq ftProperty Size: 9,438 sq.ft Building Size: 938 sq ftBuilding: 3,532 sq.ft Appraised Value: $151,000.00Appraised Value:$459,000.00 From Pinewood Blvd. roudabout; continue east on the Charles W. SaundersTraveling east along Yamacraw Hill Road Prince Charles Drive take the 2nd corner take the second right onto Lady Marguerite Pindling Avenue and the subject is on the right (Rugby DriveAppalachian Avenue. The subject is thefourth on the left painted Cream and trimmed Beige.the 2nd lot on the left. A split level residence painted powder blue. Lot A situate east side of Godet Drive, N.PLot# 156 Colony Village Subdivision, N.P 3Bedrooms, 2 BathroomsSingle Family Residence Single Family Residence3 Bedrooms, 2 Bathrooms Property Size: 6,215 sq.ftProperty Size:7,000 sq.ft Buildign Size: 908 sq.ftBuilding Size: 1,954 sq.ft Appraised Value: $156,000.00Appraised Value: $275,000.00 From the intersection of Carmichael Road and Sir Milo Butler Highway, turn Traveling south on Colony Village Rd. from Prince Charles Dr. the subject property is r gypgg L ot# 147 Victoria Gardens Subdivision, N.PLot of land Garden View Estates, N.P S ingle Family ResidenceSingle Family Residence 2 Bedrooms, 2 Bathrooms4 Bedrooms, 2Bathrooms B uilding Size: 1,200 sq. ftProperty Size: 5,000 sq.ft Property Size: 6,000 sq. ftBuilding Size: 1,523 sq.ft Appraised Value: $160,000.00Appraised Value: $160,000.00 T ravel one half mile south on Gladstone Road pass Bahamas Food ServicesTravel on east on Bernard Road after Kingsway Academy to Gardenview Road, which C omplex to the entrance of the Subdivision. Victoria Gardens is on the eastis the first roadway on the north. Travel north to the first roadway on the west. The s ide of Gladstone Road. Travel east pass the cross junction, to the tenthsubject Property is directly at the end of the road, traveling west. The house is white l ot on the southern side of the road reservation. and trim green. Lot# 407 Golden Gates Estates Section 1, N.PLot# 21 Canon John Pugh Estates, N.P Single Family ResidenceSingle Family Residence 3 Bedrooms, 2 Bathrooms3 Bedrooms, 2Bathrooms P roperty Size: 4,850 sq. ftProperty Size: 5,600 sq.ft B uilding Size: 913 sq.ftBuilding Size: 1,198 sq.ft A ppraised Value: $136,500.00Appraised Value: $190,000.00 From Blue Hill Road & Malcolm Road travel east on Malcolm Road, take the Travel north on Spring Field Road to the last roadway on the right. Travel north to the second right, Reef Lane, then left at the T-Junction, Jumbay Drive and the third lot on the west.The subject property is green trimmed white.s ubject property is the 18th on the right. L ot# 3 Little Hyde Park Subdivision, N.PLot# 910 Golden Gates Section 2, N.P Single Family ResidenceSingle Family Residence 4 Bedrooms, 2 Bathrooms5 Bedrooms, 3Bathrooms P roperty Size: 5,664 sq.ftProperty Size: 6,125 sq. ft B uilding Size: 1,656 sq.ftBuilding Size: 2,691 sq.ft A ppraised Value: $228,000.00Appraised Value: $273,000.00 From the intersection of Charles W. Saunders Highway and Sea Breeze; From Carmichael Road and Mermaid Blvd travel souht on Mermaid Blvd, take the 5th continue east on Bay Lily Drive toward Joe Farrington Road; turn left onto Sealeft, Rich Close, and the subject property is the seventh on the left, or one before the B reeze Lane; travel east on Sea Breez Lane and the subject is the 5th propertylast. The subject property is white. o nthe left. The subject is painted white and trimmed black. House # 136. L ot# 9 Blue Hill Heights Subdivision, N.PLot# 10 Bethel Terrace, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms3 Bedrooms, 2Bathrooms P ropety Size: 14,757 sq.ftProperty Size: 5,825 sq.ft B uilding Size: 2,032 sq.ftBuilding size: 1,200 sq.ft A ppraised Value: $358,500.00Appraised Value: $161,000.00 From Tonique Williams-Darling Highway & Premier's Avenue (main entranceTraveling west along Carmichael Road from Unision Road take the 5th corner on the to Blue Hill Heights Subdivision), travel south on Premier's Avenue, take the left. Heading south the subject property is the 9th house on the right. A single storey second right, West Terrace, and the subject property is the second lot on theresidence painted purple with white trim. l eft, white trimmed green. L ot# 24 Victoria Gardens Subdivision, N.PLot# 62 Victoria Gardens Subdivision, N.P I ncomplete Single Family ResidenceSingle Family Residence 3 Bedrooms, 2 1/2 Bathrooms3 Bedrooms, 2Bathrooms Property Size: 6,000 sq.ftProperty Size: 6,000 sq.ft Building Size: 2,357 sq. ftBuilding Size: 980 sq. ft Appraised Value: $273,000.00Appraised Value: $177,000.00 T raveling south along Gladstone Road from JFK Drive take the 1st corner on Traveling south along Gladstone Road from JFK Drive take the 1st corner on t he left which is the main entrance to Victoria Gardens. Heading east come to the left which is the main entrance to Victoria Gardens. Heading east proceed across the t hecross road and turn left. Follow the curve and the subject is the last buildingcross road, come to the TJunction and turn right. The subject property is the 2nd lot onthe left. o Lot# 13 Block # 1 Nassau East North Subdivision, N.PLot# 23 Rolling Hills Subdivision, N.P Single Family ResidenceSingle Family Residence 3 Bedrooms, 2 Bathrooms4 Bedrooms, 3Bathrooms P roperty Size: 9,838 sq.ftProperty Size: 7,211 sq.ft Building Size: 1,465 sq.ftBuilding Size:1,972 sq.ft Appraised Value: $250,000.00Appraised Value: $298,000.00 Traveling east on Prince Charles Drive from from Culberts Hill take the 1stTravel west on Carmichael Road to the entrance of Rolling Hills Subdivision; enter right on to Ibis Street, then the 1st left on to Spoonbill Street. The subject is through the gates and travel south to the end of the main road and the subject is on the the 13th lot on the left. A single storey structure painte white with white.right side of the cul-de-sac. The subject is painted gray and trimmed white. VACANT LANDLot# 4 Vanria's Close, N.P Lot#53, Lower Bogue EleutheraVacant Land Vacant land Property Size: 7,949 sq. ft. Property Size: 10,782 sq.ft Appraised Value: $95,000.00 Appraised Value: $46,000.00 From the intersection of Faith Ave. South and Marshall Road, turn right onto Marshall Travel westward on Skyline and Northward Bay StreetRoad andtravel around the curve to the end of Marshall Road; turn right at this the subject is the first vacant land after Save More Drugjunction and travel to the 6th corner on the right; turn into this Close which is a Store on the right hand side.cul-de-sac and the subject is the eleventh property on the right; Lot# 15 Block 12 Venice Bay Subdivision, N.P L ot # 23 Indigo Subdivision, NPVacant Land Vacant Land Property Size: 10,544 sq.ft Property Size:7,200 sq. ft. Appraised Value: $128,000.00 Appraised Value:$245,000.00 Travel west along Carmichael Road to the Bacardi Road; turn left onto Bacardi Road and travel south on Bacardi Road to the entrance gate of Venice Bay; Travel west on West Bay Street to the first roadway on the right after Blake after passing the entrance gate, travel south on Venice Bay Blvd. to the third Road. Travel south to the first roadway on the right. The subject property iscorner on the left (Marva Cay the seventh lot on the left.seventh lot on the left. Lot# 15, Love Estates, N.PLot at the western end of a road reservation about 220 feet west of Lightbourne Ave. Vacant Land Vacant Land P roperty Size: 43,560 sq. ftProperty Size: 1.244 acres Appraised Value: $245,000.0Appraised Value: $373,000.00 Direction: From Tropical Gardens Road -travel west along Windsor Field RoadTraveling east along Farrington Road from Thompson Blvd. take the 3rd corner on the and turn into the Airport Industrial Park Road;continue to end of road and turnleft (Lightbourne Avenue). Heading north, take the 1st corner on the left. The subject left at 2nd corner; continue to 1st right continue to "T"junction; turn left and propertyis situated at the end of the road. the subject property is the 2nd lot on the immediate right. Lot# 446 Westwinds Subdivision, N.PLot # 148 West Wind Subdivision Vacant Land Vacant Land Property Size: 6,769 sq.ftProperty Size: 6,000 sq ft Appraised Value: $129,000.00Appraised Value: $114,000.00 Enter West Winds Subd. From West Bay Street. Take the 1st corner on the left (Sea Shell Circle). Heading east on Sea Shell Circle take the 1st corner on the left (Star Fish Close). The subject property is the 2nd lot on the left. Lot# 17 West Wind Subdivision, N.PLot # 2 High Point Estate Subdivision, N.P Vacant Land Vacant Land Property Size: 6,160 sq ftProperty Size: 8,135 sq ft Appraised Value: $117,000.00Appraised Value: $ 125,000.00 E nter West Winds Subdivision from West Bay Street. Take the 1st corner on Travel west on JFK Drive; at the curve on Theodora Lane and JFK Drive; turn left at the right (Coral Reef CircleThe subject property is the 17th lot on the rightthe corner east of Imperial Mattress; travel south on this road to the top of the hill to the entrance gates to High Point Drive and the subject is the 2nd property on the left. Lot of Land Harold Road & Bozine Hill Lot# 17, Chazon Estates, N.P Vacant Land Vacant Land Property size: 16,248 sq.ftProperty Size: 9,720 sq.ft Appraisal Value: $227,000.00Appraised Value: $117,000.00 On the western corner of Bozine Hill Road and Harold RoadTravel north on Adelaide Road from the Coral Harbour entrance and roundabout to C hazon Subdivision on the north side of Adelaide Road. Enter the subdivision traveling n orth to the second property on the west on the bend and ends at the cul-de-sac. Lot# 2 off Carmichael Road west of Bacardi Road, N.PLot# 78B Golf Estates, Coral Harbour, N.P Vacant Land Vacant Land Property Size: 6,041 sq.ftProperty Size: 7,803 sq. ft. A ppraised Value:$72,000.00Appraised Value: $90,000.00 Traveling west along Carmichael Road from Bacardi Road take the 1st paved Travel south along Coral Harbour Road to a vacant lot on the west side of Coral road on the left, immediately west of Tall Pines Nursery. Heading south alongHarbour Road, north of three residences opposite a new Gated Community known this road reservation take the only corner on the right. The subject property as "Via Della Rosa" on the east. The subject property is north of Hopkins Drive. is the 1st lot on the left. Lot # 21 Indigo Dubdivision, N.PLot# 3 Victoria Gardens Subdivision, N.P Vacant Land Vacant Land Property Size: 7,200 sqProperty Size: 6,600 sq.ft Appraised Value: $324,000.00Appraised Value: $70,000.00 From the round-about at Blake Road travel along West Bay Street pass orangeTravel one half mile south on Gladstone Road pass Bahamas Food Services Complex Hill and turn left into Indigo. After passing through security gate take the 1stto the entrance of the subdivision. Victoria gardens is on the east side of Gladstone Rd. right and the subject property is the 9th lot on the left.Travel east to the cross junction. Travel south from the Cross junction, to the second lot on the north side of the road reservation from the cross junction. Lot# 8 Grantanna Subdivision, N.PLot# 509, Phase III, Section 2, Stella Maris, Long Island Vacant Land Vacant Land Property Size: 7,398 sq. ftProperty Size:11,200 sq.ft Appraised Value: $90,000.00Appraised Value: $39,000.00 From Spikenard Road & Cow Pen Road (Southern Cemetery CornerStellaMaris, Long Island east on Cow Pen Road, take the first right, and the subject property is the 8th lot on the right. Registered trade-mark of Royal Bank of Canada The Lion & Globe symbol and RBC are trademarks of Royal Bank of CanadaWe providing financing to qualified buyersCONTACT INFORMATION RBC Royal Bank of Canada and RBC FINCO Loans Collection Centre FINANCE CORPORATION OF BAHAMAS LIMITEDP ROPERTY LISTED FOR SALE JULY, 2010 C ontact Number 393-2004 By SANDY SHORE AP Business Writer THE recent rise in oil prices is translating into higher prices at the pump. The national average for a gallon of regular unleaded rose 2.1 cents to $2.747 a gallon, according to AAA, Wright Express and Oil Price Information Service. Oil has traded above $82 for two straight days. It was around $77 a week ago. Motorists are paying about 2.3 cents more than a month ago and 18.6 cents more than a year ago. Oil prices were lower Thursday. After dropping lower during European trading, they rallied somewhat on reports that contained good news on the US jobs front before levelling off. Benchmark crude for Sep tember delivery fell 19 cents to $82.36 a barrel in early trading on the New York Mercantile Exchange. The price has been at levels not seen since May for three consecutive days despite ample supplies or oil in storage and weak demand for gasoline and other refined products. Two jobs reports indicated Wednesday that the economy is growing but at a slow pace. ADP, a payroll company, said private employers hired 42,000 workers last month, which was slightly better than analysts expected. The report can provide clues about what the Labour Department's monthly job report, due Friday, may show. In addition, the Institute for Supply Management its service-sector index rose unexpectedly for July. A measure of hiring expectations for the sector, which accounts for the majority of US workers, expanded in July for only the second time since December 2007. In its weekly report, the Energy Department said US commercial oil inventories fell by 2.8 million barrels to 358 million barrels for the week that ended July 30. The total remains 2.4 per cent higher than a year ago. Analysts had expected a drop of 1.2 million barrels fort he week ended July 30, according to a survey by Platts, the energy information arm of McGraw-Hill Cos. Gasoline inventories rose 700,000 barrels last week to 223 million barrels. Analystse xpected a drop of 870,000 b arrels. Demand for gasoline over the four weeks ended July 30 was 2.3 per cent higher than a year earlier, averaging nearly 9.4 million barrels a day. Inventories of distillate fuel, which include diesel and heating oil, increased by 2.2 million barrels to 169.7 million barrels for the week ended July 30. Analysts expected distillate stocks to increase by 1.16 million barrels. In other Nymex trading in September contracts, heating oil rose 0.17 cent to $2.2017 a gallon, gasoline lost 1.25 cent to $2.1810 a gallon and nat u ral gas added 8.1 cents to 4.72 per 1,000 cubic feet. In London, Brent crude fell 27 cents to $82.46 a barrel on the ICE Futures exchange. Associated Press writers Pablo Gorondi in Hungary a nd Alex Kennedy in Singap ore contributed to this report. US gas prices rise following rally in oil AT THE PUMP: A 2010 Subaru Forester is driven past a gas station price sign in Happy Valley, Oregon. (AP Photo
C M Y K C M Y K PAGE 8B, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Lot #7 Golden Meadows SubdivisionLot#336, Golden Gates Estates#2 Single Family ResidenceSingle Family Residence 2 -Bedrooms, 2Bathrooms(32 P roperty Size: 5,961 sq ftProperty Size: 6,000 sq.ft B uilding Size: 1,750 sq ftBuilding Size: 1,890 sq.ft A ppraised Value: $256,000.00Appraised Value: $207,000.00 T ravel west on Carmichael Road from Blue Hill Road turn onto the F rom the intersection of Cow Pen and Golden Isles, travel north on Goldentheird left Golden Sun Drive )the corner after St.Gregory's Anglican I sles Road to the second corner on the left and the subject is the eighth Church and before Carmichael Primary School travel south on Sun p roperty on the right. The subject is painted lime green and trimmed white.Drive to the first, travel west pass the second corner on the right and t he subject fourth property on the right. The subject is painted white trimmed white Lot# 18 Block # 2 Baillou Dale Subdivision, N.PLot# 51 Twynam Heights Subdivision, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms3-Bedrooms, 2-Bathrooms Property Size: 5,750 sq. ftProperty Size: 11,494 sq.ft Building Size: 1,809 sq.ftBuilding Size: 4,903 sq.ft Appraised Value: $234,000.00Appraised Value: $627,000.00 F rom the intersection of Blue Hill and Soldier Roads; travel north on Blue HillTraveling west on Prince Charles Drive from Yamacraw Hill Road, take the 1st corner R oad to the first corner on the left; travel west on the road and as the road on the left (Adams Court). Heading south take the 2nd corner on the left (Appaalachian c urves to the right, the subject is the 6th house on the right. The subject is Avenue). The subject property is the 7th lot on the right, a split level structur painted p ainted white and trimmed white.beige with white trim. L ot# 2830 Cedar Grove Estates Subdivision, N.PLot# 1798 Pinewood Gardens Subdivision, NP S ingle Family ResidenceSingle Family Residence 3 Bedrooms, 2 Bathrooms4 Bedrooms, 2Bathrooms P roperty Size: 5,000 sq.ftProperty Size: 5,000 sq. ft B uilding Size: 1,054 sq.ftBuilding Size: 1,756 sq ft A ppraised Value: $150,000.00Appraised Value:$135,000.00 Travel east on Charles W. Saunders Highway; turn right into Sir Lynden Pindling EstateTravel west on Thatch Palm Road from Pinewood Drive to the second roadway on onto Lady Marguerite Pindling Avenue; travel south to the first corner on the right the east known as Avocado Street. Travel east to the 19th lot on the south side (Pine StreetButtonwood Streetof Avocado Street. The house is painted white with mustard trim and a mustard Buttonwood St. and the subject is the 14th property on the left painted white.colored wall. Thatch Palms Road is the second roadway on the south travelling east from East Street South on Pinewood Drive. Lot #59 Yamacraw Shores Subdivison, N.P S ingle Family ResidenceLot#16, Blk#8, Nassau East North, N.P. 4 -Bedrooms, 2-BathroomsSingle Family Residence P roperty Size: 5,000sq ft3 Bedrooms, 2 Bathrooms B uilding Size: 2,317 sq ftProperty Size: 8,688 sq.ft A ppraised Value: $306,433.00 Building Size: 2,398 sq.ft A ppraised Value: $351,215.00 Direction: From Fox Hill Road travel east along Yamacraw Hill Road and turn r ight on the 2nd corner (Yamacraw Shores Drive); continue and turn left on theTravel east on Prince Charles Drive; turn left into Nassau East North; travel north 5th corner continue to the "T" junction and the subject property is the 3rd lotto the first corner on the right and the subject is the secong property on the left on onthe right.Northwest Corner. The subject is painted green and trimmed green; house# 16Lot# 1 Gladstone Close, N.PLot#187, Twynam Heights Subdivision Single Family ResidenceSingle Family Residence 3Bedrooms, 2 bathrooms5 Bedroom, 3 Bedroom Property Size: Property Size: 8,000 sq.ft Building Size: BuildingSize: 2,688 sq.ft A ppraisal Value: $155,000.00Appraised Value: $317,000.00 T ravel north on Gladstone From Carmichael Road to the 2nd roadway on the Travel East on Prince Charles drive to the corner east os Super Value r ight after passing Rocky Pine Road. Travel east to the first roadway on theWinton turn right and the subject is the second house on the left. The r ight (Peet CloseThe subject subject is painted lime green and trimmed white. L ot#286, Nauru Crescent Elizabeth EstatesLot# 3225/226 Sir Lynden Pindling Estates, N.P S ingle Family ResidenceSingle Family Residence 6Bedrooms, 1 Bathroom2 Bedrooms, 2 Bathrooms Property Size: 4,928 sq.ftProperty Size: 5,000 sq. ft Building size: 874 sq.ftBuilding Size: 1051 sq.ft Appraised Value: $119,000.00Appraised Value:$155,000.00 From Yamacraw Hill Road & Australia Avenue, travel north on Australia Ave.Travel east from the Pinewood Drive and Pinewood Blvd round about to the first road take the fifth right, Nauru Crescent and the subject property is the second onjunction Travel south on to the second roadway on the left (Lauren Street the right. roadway on the left (Pear Tree Avenue). Travel north to the 2nd roadway on the right (Red Wood Street). Travel east to the 23rd house/lot on the left of Red Wood Street. T he subject property is white trimmed blue. L ot# 20, Lexington Estates Subdivision, NPLot# 8, Allotment # 56 East of Sea Breeze Estates, N.P S ingle Family ResidenceSingle Family Residence 3 Bedrooms, 2 Bathrooms3 Bedrooms, 2 Bathrooms P roperty Size: 7,296 sq.ftProperty Size: 5,547 sq.ft B uilding Size: 1,164 sq.ftBuilding Size: 1,543 sq.ft A ppraised Value: $180,000.00Appraised Value: $219,000.00 FINANCE CORPORATION OF BAHAMAS LIMITED PROPERTY LISTED FOR SALE Contact Numbers 393-2004 Houses July, 2010 T ravel south on East Street and turn right (westFrom Joe Farrington Road & Marigold Farm Road, travel south on Marigold Farm Rd, the fourth (4thnorthThe subject property is the 5th lottake the second right, Lumumba Lane, then the first right, and the subject property onthe right side of road. The house is a peach color. is the 5th lot on the left. L ot# 27B Pratts Close Subdivision, NPLot#32, Blk#3 phase#1, Faith Gardens S ingle Family ResidenceSingle Family Residence 3 -Bedrooms, 2 Bathrooms4 Bedrooms, 2 Bathrooms P roperty Size: 5,842Property Size: 6,000 sq.ft B uilding Size: 1,220Building Size: 2,250 sq.ft A ppraised Value: $180,500.00Appraised Value: $295,675.00 From Carmichael and Golden Isles Roads travel south to the the first From the traffic light at Faith Avenue & Cow Pen Road, travel south along Faithcorner on the corner on the left and the subeject property is the 7th on theAvenue to the entrance to Faith Gardens; turn left and continue to the last "T"right, blue trim white.junction, turn right and the subject property is the 11th on the right. Lot# 398 Twynam Heights Subdivision, NPLot on the north side of South Beach Road, N.P Single Family ResidenceSingle Family Residence 4-Bedrooms, 2 Bathrooms3 Bedrooms, 1 Bathroom Property Size: 15,499 sq. ftProperty Size: 4,630 sq.ft Building Size: 2042 sq. ftBuilding Size: 912 sq.ft Appraised Value: $338,548.00Appraised Value: $121,000.00 F rom Prince Charles Drive travel south along Twynam Avenue and the Traveling east on South Beach Road from Blue Hill Road, take the 1st corner on the left subject property is the 4th on the right after the first corner on the right.The subject property is the 2nd house on the left. A single storey residence painted white trimmed green. Lot#8 Hanover Court, N.PLot#180, Victoria Gardens, N.P. Duplex ApartmentSingle family Residence 2-2Bedrooms, 2 1/2 Bathrooms2 Bedrooms, 1 Bathroom Property size: 5,670 sq.ftProperty Size: 6,000 sq.ft Building Size: 2,107 sq.ftBuilding Size: 816.50 sq.ftA ppraised Value: $283,000.00Appraised Value: $151,820.00 From Fox Hill road turn onto Sea Breeze lane travel westFrom J. F. Kennedy Drive travel south along Gladstone Rd. ando nSea Breeze Lane and turn on th e first corner after the take the first entrance on left (former Gladstone FarmChristian Life Centre continue north and the subject is the fourthacross the intersection and continue to the 'T' junction; turn left,p roperty on the right. White trimmed with an unpainted wallthen another left and the subject property is the 6th on the left. which is to be sprayed with the marble creek spray on exterior. Lot#179 Yamacraw Shores Subdivision, N.PLot# 22 East Park Estates, N.P S ingle Family ResidenceSingle Family Residence 3-Bedrooms, 2-Bathrooms3 Bedrooms, 2 Bathrooms Property Size: 7,513 sq ftProperty Size: 7,934 sq.ft Building Size: 2,012 sq ftBuilding Size: 1,233 sq.ft Appraised Value:$266,780.00Appraised Value: $184,000.00 Direction: From Fox Hill Road travel east along Yamacraw Hill and turn right From Prince Charles Drive & College Gardens Drive, travel south on College Gardens onthe 2nd corner (Yamacraw Shores Drive); continue and turn left on the 7th Drive, turn left at the T-Junction, Pine Barren Road, take the first right into East Park corner continue to the "T" junction and the subject property is the cornlot on Estates; turn right at the T-junction, Comfort Lane, bear left on to Maria Avenue, take right. thesecond left, Morning Street and the subject property is the first on the left. Lot# 1705 Pinewood Garden Subdivision, N.PLot# 178 Bel-Air Estates Single Family ResidenceSingle Family Residence 3-Bedrooms, 2Bathrooms4 Bedrooms, 2 Bathrooms Property Size: 5,000 sq ftProperty Size: 6,000 sq.ft Building Size: 1,790 sq ftBuilding Size: 1,621sq.ft Appraisal Value: $171,000.00Appraised Value: $184,000.00 F rom East Street and Bamboo Blvd. (by police stationTraveling east on Carmichael Road from Faith Avenue, take the 7th corner (Iguana B lvd., take the 3rd right, Thatch Palm Avenue, the the second left, Avocado St.Way) on the right. Heading south the subject property is the 13th house on the left. and the subject property is the 8th on the left.A single storey building painted white with orange trim. Lot #2912 Sir Lynden Pindling EstateLot# 94 Twynam Heights Subdivision, N.P Single Family ResidenceSplit level Single Family Residence 2-Bedrooms, 2Bathrooms5 Bedrooms, 3 Bathrooms Property Size: 5,000 sq ftProperty Size: 9,438 sq.ft Building Size: 938 sq ftBuilding: 3,532 sq.ft Appraised Value: $151,000.00Appraised Value:$459,000.00 From Pinewood Blvd. roudabout; continue east on the Charles W. SaundersTraveling east along Yamacraw Hill Road Prince Charles Drive take the 2nd corner t ake the second right onto Lady Marguerite Pindling Avenue and the subject is on the right (Rugby DriveAppalachian Avenue. The subject is thefourth on the left painted Cream and trimmed Beige.the 2nd lot on the left. A split level residence painted powder blue. Lot A situate east side of Godet Drive, N.PLot# 156 Colony Village Subdivision, N.P 3 Bedrooms, 2 BathroomsSingle Family Residence S ingle Family Residence3 Bedrooms, 2 Bathrooms Property Size: 6,215 sq.ftProperty Size:7,000 sq.ft Buildign Size: 908 sq.ftBuilding Size: 1,954 sq.ft Appraised Value: $156,000.00Appraised Value: $275,000.00 From the intersection of Carmichael Road and Sir Milo Butler Highway, turn Traveling south on Colony Village Rd. from Prince Charles Dr. the subject property is right onto Carmichael Road; travel west on Carmichael Road to the fourth the 28th house on the right. A single storey structure painted white with white a paved corner on the right (Godet Drive); turn right onto Godet Drive (Walk In Clinic on the corner) and the subject is the third house on the right, the subject isolive green and trimmed white. Lot# 453 Pebbles Avenue, Golden Gates #1 Subdivision, N.P Lot# 534 Pinewood Gardens Subdivision, N.P Single Family ResidenceSingle Family Residence 3 -Bedrooms, 2 Bathrooms5 Bedrooms, 2 Bathrooms Property Size: 5,000sq ftProperty Size: 5,000 sq.ft Building Size:2,144 sq ftBuilding Size: 1,827 sq.ft Appraised value:$210,000.00Appraised Value: $188,000.00 D irection: From the intersection of Blue Hill Road and Carmichael Road, takeTraveling north along Pigeon Plum Avenue from the roundabout take the 6th corner the 1st left "Lobster Avenue", travel east on Lobster Avenue and take the left and take the 1ston the right (Saffron Street). Heading east along Saffron Street the subject property is left "Byrd Road", and turn right onto Mutton Fish Road; travel to the 1st the 5th house on the left. A single storey residence painted white with red trim. corner on the left "Ocean Street" and continue on Ocean Street to the first corner on the left "Pebbles Avenue" and the subject is House #14 on the left. The subject is painted white and trimmed black. Lot# 2908/9 Sir Lynden Pindlign Estates Subdivision, N.PLot# 567 Elizabeth Estates Subdivision, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms5 bedrooms, 2 bathrooms Property Size: 5,000 sq.ftProperty Size: 5,800 sq.ft Building Size: 1,136 sq.ftBuilding Size: 2,538 sq. ft Appraised Value: $157,000.00Appraised Value: $212,000.00 From Pinewood Blvd. roudabout; continue east on the Charles W. SaundersTravelling north on Commonwealth Blvd. from Yamacraw Hill Rd. take the 1st corner H ighway; turn into Sir Lynden Pindling Estates onto Lady Margueriteon the left (Swaziland Crescent). The subject property is the second lot on the right, P indling Drive; travel south and the subject is the second house on the at the junction of Cyprus Court and Swaziland Crescent. A single storey residence l eft painted orange and trimmed white.painted pink with white trim. Lot# 160 Bel-Air Estates Subdivision, N.PLot of land situate on the southern side of Eastern Road, N.P Single Family ResidenceSingle Family Residence 3-Bedrooms, 2-Bathrooms3 Bedrooms, 2 Bathrooms Property Size: 6,000 sq.ftProperty Size: 9,783 sq.ft Building Size: 1,218 sq.ftBuilding Size: 1,334 sq.ft Appraisal Value: $192,000.00Appraised Value: $473,000.00 T raveling east on Carmichael Road from Faith Avenue, take the 1st corner onTraveling east on the Eastern Road from Fox Hill; take the 4th corner on the right. The t he right (Iguana Way) on the right. Heading south on Iguana Way, take the 8thsubject property is on the left side of this corner and the East Bay Street. c orner on the right Rose Close. The subject property is the 3rd house on the left. A single storey residence painted blue. Lot# 630 Elizabeth Estates Subdivision, N.PLot# 12, Block# 5 Sea Breeze Estates, Section No. 2. N.P S ingle Family ResidenceSingle Family Residence 3Bedrooms, 1 Bathroom4 Bedrooms, 3 Bathrooms Property Size: 5,000 sq.ftProperty Size: 12,800 sq.ft Building Size: 966 sq.ftBuilding Size: 2,530 sq.ft A ppraised Value: $111,000.00Appraised Value: $392,000.00 Traveling north on Australia Ave. from Yamacraw Hill Road past 1st cornerTraveling south along Golf Course Blvd, turn right on to Silver Palm Blvd. take the 2nd onthe left (Malawi Streetcorner on the right (Buttonwood DriveThe subject property is the 5th loton the left. Asingle storey residence painted white with brown asphalt shingle roof. Lot# 981 Golden Gates # 2 Subdivision, N.PLot# 15 Country Club Estates, South Ocen, N.P Single Family ResidenceIncomplete Single Family Residence 3Bedrooms, 2 Bathrooms2 Bedroom, 1 1/12 Bathrooms Property Size: 6,000 sq.ftProperty Size: 2.079 acresB uilding Size: 2,043 sq.ftBuilding Size: 2408 sq.ft Appraisal Value: $215,000.00Appraisal Value:$907,000.00 Travel west on Carmicahel Road from Blue Hill Road to Jack Fish Drive on leftFrom Western Road & South Ocean Blvd, travel southward on South Ocean Blvd, go Travel south on Jack Fish Drive to Browning Court the second roadway on thepast Frank watson Drive for approx. 1/4 of a mile, then turn left into Country Club Dr. r ight. The subject property is the second lot on the north green trimmed whitethen left at the T-junction, East wind Lane, then take the first right, West Wind Lane and the subject property is the last on the left. Lot# 207 Joan's Heights Subdivision, N.PLot# 2 Carroll's Cove Subdivision. N.P Single Family ResidenceSingle Family Residence 4-Bedrooms, 2 Bathrooms3 Bedrooms, 2 Bathrooms Property Size: 6,947 sq.ftProperty Size: 5,000 sq.ft Building Size: 1,367 sq.ftBuilding Size: 1,136 sq.ft Appraised Value: $161,000.00Appraised Value:$164,906.00 Traveling north on East Street from Bamboo Blvd, take the 2nd corner on theFrom Carmichael Road travel south along the Lazaretto Road and take the 1st left; right (Porgy Way). Come to the 'T" junction and turn right, then left on to continue along this road and take another left. The subject property is the corner lot on T arpon Drive. Th subject is the last house on the left. A single storey residencethe left (house colour: light yellow w/white trim painted green with white trim. Lot# 23 Block 6 Nassau East SubdivisionLot# 312 Winton Meadows Subdivision, N.P S ingle Family ResidenceSingle Family Residence 2bedrooms, 1 bathroom3 Bedrooms, 2 Bathrooms Property Size: 9,2775 sq.ftProperty Size: 7,600 sq. ftB uilding Size: 1,427 sq.ftBuilding Size: 1,800 sq.ft Appraised Value: $188,000.00Appraised Value: $249,830.00 From Prince Charles Drive turn on to Nassau East Blvd. and take the 1st rightFrom Prince Charles Drive travel south along Jasmine Drive and turn right on the 3rd onto Kent Avenue. The subject is the 5th lot on the left. A single storeycorner (Holly Roadt-House No.25 residence painted white with brown asphalt shingle roof. Lot# 1 Block # 11 Nassau East Estates Subdivision, N.PLot# 10 Block # 3 Millar's Heights Subdivision, N.P Single Family ResidenceSingle Family Residence 3bedrooms, 2 Bathrooms3 Bedrooms, 2 BathroomsP roperty Size: 12,900 sq.ftProperty Size: 7,500 sq.ft Building Size: 1,421 sq. ftBuilding Size: 1,390 sq.ft A ppraised Value: $256,000.00Appraised Value: $219,578.00 From the intersection of Prince Charles Drive and Nassau East South; turn From McKinney Avenue travel west along Carmichael Road and turn on West Avenue Onto Nassau East Blvd. and trave south to the 8th corner on the left (Queen rdthen 1st right (Wimpole Street) continue aroun bend to London Avenue and the subject turn onto Queen Road and travel north and the subject is the sixth lot on theproperty is the 7th on the right. left which is also on the curve. The subject is painted yellow and trimmed white. Lot# 1 off Rocky Pine Road, N.PLot# 2524/5 Sir Lynden Pindling Estates Subdivision, N.P Single Family ResidenceSingle Family Residence3 Bedrooms, 2 Bathrooms3 Bedrooms, 2 Bathrooms Property Size: 6,708 sq. ftProperty Size: 5,000 sq.ft B uilding Size: 1,013 sq. ftBuilding Size: 1,136 sq.ft Appraised Value: $158,000.00Appraised Value: $162,000.00 From the intersection of Carmichael Road and McKinney Drive, travel northFrom Pinewood Blvd. roudabout; turn onto Buttonwood Avenue; travel north on o nMcKinney Drive to the fifth corner on the left (Rocky Pine RoadButtonwood Avenue to the fourth right; travel east on this road to the third right corner onto Rocky Pine Road and travel west to the fifth house on the left, whichtravel south to the 5th house on the left after the first corner. The subject is adjacent to issituate on the first corner on the left. The subject is painted white and Sadie Curtis Primary School on the easter wall. The subject is painted purple andt rimmed with whitetrimmed with lavender. L ot# 8, Blk# 23 Gleniston Gardens, N.PLot# 6 Springfield Road, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms3 Bedrooms, 2 Bathrooms Property Size: 9,943 sq.ftProperty Size: 5,483 sq.ft Building Size: 1,106 sq.ftBuilding Size: 1,192 sq.ft Appraised Value: $208,854.00Appraised Value: $157,000.00 F rom Prince Charles Drive travel south along Beatrice drive (entrance into SeaFrom the intersection of Fox Hill Rd. and Springfield Road, turn onto Springfield Rd.; Breeze) and turn left on Gleniston Park Avenue; continue to the 3rd corner on travel west on Springfield Rd; after passing the first corner on the right; the the left and the subject property is the corner lot on the left.subject would be the fifteenth (15) house on the right (House# 6). The subject is painted blue and trimmed white. L ot# 3463 Sir Lynden Pindling Estates Subdivision, N.PLot# 97 Pig Pond Subdivision, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 1 Bathroom3 Bedrooms, 1 Bathroom Property Size: 5,000 sq. ftProperty Size: 3,200 sq.ftB uilding Size: 1,164 sq. ftBuilding Size: 819 sq.ft Appraised Value: $167,000.00Appraised Value: $78,000.00 g ypgg Lot# 147 Victoria Gardens Subdivision, N.PLot of land Garden View Estates, N.P Single Family ResidenceSingle Family Residence 2Bedrooms, 2 Bathrooms4 Bedrooms, 2Bathrooms Building Size: 1,200 sq. ftProperty Size: 5,000 sq.ft Property Size: 6,000 sq. ftBuilding Size: 1,523 sq.ft A ppraised Value: $160,000.00Appraised Value: $160,000.00 Travel one half mile south on Gladstone Road pass Bahamas Food ServicesTravel on east on Bernard Road after Kingsway Academy to Gardenview Road, which Complex to the entrance of the Subdivision. Victoria Gardens is on the eastis the first roadway on the north. Travel north to the first roadway on the west. The side of Gladstone Road. Travel east pass the cross junction, to the tenthsubject Property is directly at the end of the road, traveling west. The house is white lot on the southern side of the road reservation. and trim green. Lot# 407 Golden Gates Estates Section 1, N.PLot# 21 Canon John Pugh Estates, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms3 Bedrooms, 2Bathrooms Property Size: 4,850 sq. ftProperty Size: 5,600 sq.ft Building Size: 913 sq.ftBuilding Size: 1,198 sq.ft Appraised Value: $136,500.00Appraised Value: $190,000.00 From Blue Hill Road & Malcolm Road travel east on Malcolm Road, take the Travel north on Spring Field Road to the last roadway on the right. Travel north to the second right, Reef Lane, then left at the T-Junction, Jumbay Drive and the third lot on the west.The subject property is green trimmed white. subject property is the 18th on the right. Lot# 3 Little Hyde Park Subdivision, N.PLot# 910 Golden Gates Section 2, N.P Single Family ResidenceSingle Family Residence 4Bedrooms, 2 Bathrooms5 Bedrooms, 3Bathrooms Property Size: 5,664 sq.ftProperty Size: 6,125 sq. ft Building Size: 1,656 sq.ftBuilding Size: 2,691 sq.ft Appraised Value: $228,000.00Appraised Value: $273,000.00 From the intersection of Charles W. Saunders Highway and Sea Breeze; From Carmichael Road and Mermaid Blvd travel souht on Mermaid Blvd, take the 5th continue east on Bay Lily Drive toward Joe Farrington Road; turn left onto Sealeft, Rich Close, and the subject property is the seventh on the left, or one before the Breeze Lane; travel east on Sea Breez Lane and the subject is the 5th propertylast. The subject property is white. onthe left. The subject is painted white and trimmed black. House # 136. Lot# 9 Blue Hill Heights Subdivision, N.PLot# 10 Bethel Terrace, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms3 Bedrooms, 2Bathrooms Propety Size: 14,757 sq.ftProperty Size: 5,825 sq.ft Building Size: 2,032 sq.ftBuilding size: 1,200 sq.ft Appraised Value: $358,500.00Appraised Value: $161,000.00 From Tonique Williams-Darling Highway & Premier's Avenue (main entranceTraveling west along Carmichael Road from Unision Road take the 5th corner on the to Blue Hill Heights Subdivision), travel south on Premier's Avenue, take the left. Heading south the subject property is the 9th house on the right. A single storey second right, West Terrace, and the subject property is the second lot on theresidence painted purple with white trim. left, white trimmed green. Lot# 24 Victoria Gardens Subdivision, N.PLot# 62 Victoria Gardens Subdivision, N.P Incomplete Single Family ResidenceSingle Family Residence 3 Bedrooms, 2 1/2 Bathrooms3 Bedrooms, 2Bathrooms Property Size: 6,000 sq.ftProperty Size: 6,000 sq.ft Building Size: 2,357 sq. ftBuilding Size: 980 sq. ft Appraised Value: $273,000.00Appraised Value: $177,000.00 Traveling south along Gladstone Road from JFK Drive take the 1st corner on Traveling south along Gladstone Road from JFK Drive take the 1st corner on the left which is the main entrance to Victoria Gardens. Heading east come to the left which is the main entrance to Victoria Gardens. Heading east proceed across the thecross road and turn left. Follow the curve and the subject is the last buildingcross road, come to the TJunction and turn right. The subject property is the 2nd lot onthe left. ontheleft. Lot# 13 Block # 1 Nassau East North Subdivision, N.PLot# 23 Rolling Hills Subdivision, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms4 Bedrooms, 3Bathrooms Property Size: 9,838 sq.ftProperty Size: 7,211 sq.ft Building Size: 1,465 sq.ftBuilding Size:1,972 sq.ft A ppraised Value: $250,000.00Appraised Value: $298,000.00 Lot# 400 Yellow Elder Gardens Subdivision, N.pLot# 2423 Sir Lynden Pindling Estates Single Family ResidenceSingle Family Residence 6Bedrooms, 2 bathrooms3 Bedrooms, 2 Bathrooms Property Size: 3,200 sq. ftProperty Size: 6,307 sq.ft Building Size: 1,610 sq.ftBuilding Size: 1,458 sq.ft Appraised Value: $113,000.00Appraised Value: $195,000.00 Traveling west alon Roberts Drive from Blue Hill Road pass the 1st corner on Travel east from Pinewood Gardens Round about, take the first corner on the right left (Eaton RoadThe subject property is the 3rd property on the left. A single (Buttonwood Avenue). Travel to the first roadway on the east, called Pine Street to the storey residence painted yellow with red trim.Cross Junction of Pine Street and Pine Cone. The subject property is on the north east corner. The house us a single storey building painted yellow with green trim.Lot of land situated on the northern side of Raspberry Street, N.PLot# 299 Flamingo Gardens Subdivision, N.P Single Family ResidenceSingle Family Residence 3Bedrooms, 2 Bathrooms3 Bedrooms, 1 Bathroom Building Size: 1,577 sq. ftProperty Size: 8,164 sq. ft Property size: 1,577 sq. ftBuilding Size: 819 sg. Ft Appraised Value: $193,000.00Appraised Value: $130,000.00 Traveling south on Fox Hill Road from Fox Hill round about, take the 4th Travel west or east on Carmichael Road to Bahamas Blvd. located between the Public corner on the left (Sugar Hill RoadT-Junction, make a left then Health Clinic and the Royal Police Station. Travel souht pass the park, then east around aright on to Raspberry Road. Heading east the subject property is the last around the bend in the road to the T junction. Travel west to the first roadway on the house on the left. A single storey residence painted green, trim white.north towards the white house, trim green at dead end. Traveling east on C. W. Saunders Highway from Pinewood Gardens roundaboutTraveling south along Blue Hill Road from Wulff Road, take the 1st corner on the left t ake the second corner on the right (Lady Marguerite Pindling Avenue). (Huyler Streethe 1st left on to Lakeshore Road. The subject property is the Heading south take the 2nd left on to Danielle Street. The subject property2nd house on the right past the 1st corner on the right (Water Street). A single storey is the 24th house on the right painted white with blue trim. residence painted white with red trim. Lot# 154 Twynam Heights Subdivision, N.PLot# 3254/55 Sir Lynden Pindling Subdivision, N.P Single Family ResidenceSingle Family Residence 4Bedrooms, 3 1/2 bathrooms3 Bedrooms, 2 Bathrooms Property size: 8,000 sq.ftProperty Size: 6,000 sq. ft Buidling Size: 2,450 sq.ftBuilding Size: 1,143 sq. ft Appaised Value: $366,000.00Appraised Value: $175,000.00 Traveling east along Yamacraw Hill Road turn on to Rugby Drive. Take the Traveling east on C. W. Saunders Highway from Pinewood Gardens roudabout; take 1st right then the 1st left on to Continental Avenue. The subject is the 6th lotthe second corner on the right (Lady Marguerite Pindling Avenue). Heading south take on the left. A single storey residence painted yellow with white trim.the 1st left, then the 2nd left and then 2nd left again on to Redwood Street. The subject property is the 18th house on the right painted white. Traveling east on Prince Charles Drive from from Culberts Hill take the 1stTravel west on Carmichael Road to the entrance of Rolling Hills Subdivision; enter right on to Ibis Street, then the 1st left on to Spoonbill Street. The subject is through the gates and travel south to the end of the main road and the subject is on the the 13th lot on the left. A single storey structure painte white with white.right side of the cul-de-sac. The subject is painted gray and trimmed white. VACANT LANDL ot# 4 Vanria's Close, N.P L ot#53, Lower Bogue EleutheraVacant Land V acant land Property Size: 7,949 sq. ft. P roperty Size: 10,782 sq.ft Appraised Value: $95,000.00 Appraised Value: $46,000.00 From the intersection of Faith Ave. South and Marshall Road, turn right onto Marshall Travel westward on Skyline and Northward Bay StreetRoad andtravel around the curve to the end of Marshall Road; turn right at this the subject is the first vacant land after Save More Drugjunction and travel to the 6th corner on the right; turn into this Close which is a Store on the right hand side.cul-de-sac and the subject is the eleventh property on the right; Lot# 15 Block 12 Venice Bay Subdivision, N.P Lot # 23 Indigo Subdivision, NPVacant Land Vacant Land Property Size: 10,544 sq.ft P roperty Size:7,200 sq. ft. Appraised Value: $128,000.00 A ppraised Value:$245,000.00 Travel west along Carmichael Road to the Bacardi Road; turn left onto Bacardi R oad and travel south on Bacardi Road to the entrance gate of Venice Bay; T ravel west on West Bay Street to the first roadway on the right after Blake after passing the entrance gate, travel south on Venice Bay Blvd. to the third R oad. Travel south to the first roadway on the right. The subject property iscorner on the left (Marva Cay t he seventh lot on the left.seventh lot on the left. L ot# 15, Love Estates, N.PLot at the western end of a road reservation about 220 feet west of Lightbourne Ave. Vacant Land Vacant Land P roperty Size: 43,560 sq. ftProperty Size: 1.244 acres Appraised Value: $245,000.0Appraised Value: $373,000.00 Direction: From Tropical Gardens Road -travel west along Windsor Field RoadTraveling east along Farrington Road from Thompson Blvd. take the 3rd corner on the and turn into the Airport Industrial Park Road;continue to end of road and turnleft (Lightbourne Avenue). Heading north, take the 1st corner on the left. The subject left at 2nd corner; continue to 1st right continue to "T"junction; turn left and propertyis situated at the end of the road. the subject property is the 2nd lot on the immediate right. Lot# 446 Westwinds Subdivision, N.PLot # 148 West Wind Subdivision V acant Land Vacant Land P roperty Size: 6,769 sq.ftProperty Size: 6,000 sq ft A ppraised Value: $129,000.00Appraised Value: $114,000.00 E nter West Winds Subd. From West Bay Street. Take the 1st corner on the left (Sea S hell Circle). Heading east on Sea Shell Circle take the 1st corner on the left (Star Fish C lose). The subject property is the 2nd lot on the left. Lot# 17 West Wind Subdivision, N.PLot # 2 High Point Estate Subdivision, N.P Vacant Land Vacant Land Property Size: 6,160 sq ftProperty Size: 8,135 sq ft Appraised Value: $117,000.00Appraised Value: $ 125,000.00 Enter West Winds Subdivision from West Bay Street. Take the 1st corner on Travel west on JFK Drive; at the curve on Theodora Lane and JFK Drive; turn left at the right (Coral Reef CircleThe subject property is the 17th lot on the rightthe corner east of Imperial Mattress; travel south on this road to the top of the hill to the entrance gates to High Point Drive and the subject is the 2nd property on the left. L ot of Land Harold Road & Bozine Hill Lot# 17, Chazon Estates, N.P V acant Land Vacant Land P roperty size: 16,248 sq.ftProperty Size: 9,720 sq.ft A ppraisal Value: $227,000.00Appraised Value: $117,000.00 O n the western corner of Bozine Hill Road and Harold RoadTravel north on Adelaide Road from the Coral Harbour entrance and roundabout to C hazon Subdivision on the north side of Adelaide Road. Enter the subdivision traveling north to the second property on the west on the bend and ends at the cul-de-sac. Lot# 2 off Carmichael Road west of Bacardi Road, N.PLot# 78B Golf Estates, Coral Harbour, N.P V acant Land Vacant Land P roperty Size: 6,041 sq.ftProperty Size: 7,803 sq. ft. A p praised Value:$72,000.00Appraised Value: $90,000.00 T raveling west along Carmichael Road from Bacardi Road take the 1st paved Travel south along Coral Harbour Road to a vacant lot on the west side of Coral road on the left, immediately west of Tall Pines Nursery. Heading south alongHarbour Road, north of three residences opposite a new Gated Community known t his road reservation take the only corner on the right. The subject property as "Via Della Rosa" on the east. The subject property is north of Hopkins Drive. is the 1st lot on the left. Lot # 21 Indigo Dubdivision, N.PLot# 3 Victoria Gardens Subdivision, N.P V acant Land Vacant Land Property Size: 7,200 sqProperty Size: 6,600 sq.ft Appraised Value: $324,000.00Appraised Value: $70,000.00 From the round-about at Blake Road travel along West Bay Street pass orangeTravel one half mile south on Gladstone Road pass Bahamas Food Services Complex Hill and turn left into Indigo. After passing through security gate take the 1stto the entrance of the subdivision. Victoria gardens is on the east side of Gladstone Rd. right and the subject property is the 9th lot on the left.Travel east to the cross junction. Travel south from the Cross junction, to the second lot on the north side of the road reservation from the cross junction. L ot# 8 Grantanna Subdivision, N.PLot# 509, Phase III, Section 2, Stella Maris, Long Island Vacant Land Vacant Land P roperty Size: 7,398 sq. ftProperty Size:11,200 sq.ft A ppraised Value: $90,000.00Appraised Value: $39,000.00 F rom Spikenard Road & Cow Pen Road (Southern Cemetery CornerStellaMaris, Long Island e ast on Cow Pen Road, take the first right, and the subject property is the 8th lot on the right. M cKinney Ave. take the 1st corner on the left, then another 1st left onto Blemheim Road. Heading east the subject is the 3rd lot on the left painted blue. Registered trade-mark of Royal Bank of Canada The Lion & Globe symbol and RBC are trademarks of Royal Bank of Canada We providing financing to qualified buyersCONTACT INFORMATION RBC Royal Bank of Canada and RBC FINCO Loans Collection Centre FINANCE CORPORATION OF BAHAMAS LIMITEDP ROPERTY LISTED FOR SALE J ULY, 2010 Contact Number 393-2004 By Bu ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure in five states. The Treasury Department said Wednesday that mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island and South Carolina received approval. The states estimate their efforts could help up to 50,000 homeowners. The administration is directing $2.1 billion from its existing $75 billion mortgage assistance programme to a total of 10 states. Each state designed its own plan. Treasury approved money in June for Arizona, Californ ia, Florida, Michigan and N evada. T he Obama administration has rolled out numerous attempts to tackle the foreclosure crisis but has made only a small dent in the problem. More than 40 per cent, or about 530,000 homeowners, have fallen out of the administration's main effort to assist those facing foreclosure. That programme provides lenders with incentives to reduce mortgage pay ments. So far, it has provid ed permanent help to about 390,000 homeowners, or 30 per cent of the 1.3 million who have enrolled since March 2009. Package In the latest package of aid, Ohio will receive $172 million the largest amount of money. That could aid around 15,000 homeowners by helping borrowers pay their mortgage for up to a year while they search for jobs. It could also provide incentives for mortgage companies to reduce borrowers' mortgage bal ances. North Carolina is receiving $159 million, and South Carolina is in line for $138 million. Oregon is receiving $88 million and Rhode Island is receiving $43 million. "These states have designed targeted programmes with the potential to make a real difference in the lives of homeowners struggling to make their mortgage payments because of unemployment," Herbert Allison, an assistant treasury secretary, said in a statement. More aid to the unemployed is coming. The sweeping financial reform bill passed signed into law by President Barack Obama last month provides an addi tional $3 billion to help jobless homeowners pay their mortgages. Of that money, $2 billion is coming from Treasury's foreclosure-prevention effort. The rest is to be managed by the Department of Housing and Urban Devel opment. Govt OKs $600m in housing aid for five states Shar e your news The T ribune wants to hear fr om people who ar e making news in their neighbourhoods. Perhaps you ar e raising funds for a good cause, campaigning for improvements in the ar ea or have won an award. If so, call us on 322-1986 and share your story.
By STEPHEN BERNARD AP Business Writer NEW YORK (AP Stocks edged higher Wednesday after key reports on private sector hiring and the services industry provided reassurances that the economy continues to grow. P ayroll company ADP said private employers modestly increased hiring last month, while the Institute for Supply Management's service sectori ndex rose unexpectedly in July. The Dow Jones industrial average gained 39 pointsi n late morning trading. Major indexes were off t heir highs for the day because of continued caution about the strength of the recovery. The Dow was upm ore than 65 points just after the ISM report was released. The reports show that while growth might be sluggish, there are no indications the economy is headed back into r ecession. Traders have grappled with earnings and economic reports at odds with each other in recent weeks that provide a mixed picture about the pace of recovery. The latest batch of earnings were largely better than e xpected. Broadcaster CBS C orp., video game maker Electronic Arts Inc. and Anadarko Petroleum Corp. all climbed. Whole FoodsM arket Inc. was one of the few to report disappointing results. Despite the upbeat earni ngs, many investors remain cautious. Quincy Krosby, Prudential Financial's market strategist, said the market n eeds much more than one p ositive report on private sector employment to gain con-f idence in the economic outlook. "ADP was positive, but when all is said and done, the market needs stronger con firmation to grind higher,"K rosby said. Until then, stocks are likely to trade in a tight range, she said. In midday trading, the Dow Jones industrial average rose3 8.53, or 0.4 per cent, to 1 0,675.74. The Standard & Poor's 500 index rose 4.83, or 0.5 per cent, to 1,125.29, while the Nasdaq composite index rose 14.31, or 0.6 per cent, to 2,297.83. A bout five stocks rose for e very two that fell on the New York Stock Exchange, where volume came to 353.9 million shares. Investors The confirmation investors w ant could come in the next two days when the Labour Department releases its weekly report on initial claims f or jobless benefits and its m onthly employment report. The ADP report is often s een as an early indicator of what the more important monthly jobs report from the Labour Department will look like. That report, which is broader and includes governm ent as well as private sector employment, is due out Friday. It's expected to show private employers added 90,000 jobs last month andt he unemployment rate rose t o 9.6 per cent from 9.5 per cent in June. ADP said private employers added 42,000 jobs last month, slightly better the forecasts of economists polled b y Thomson Reuters. P eople worried about their jobs have cut back on shopping and avoided big purchases like new homes, whichh as stifled growth across many sectors of the economy. Analysts have said the economy and the stock marketc ould remain stagnant until there are clear signs of significant job growth. The ISM's service sector i ndex rose to 54.3 in July from 5 3.8 in June. That's better than the 53 forecast by econ-o mists and indicates expansion for the largest component of the country's economy. Any reading above 50 indicates growth. The ISM report was espec ially encouraging because the services sector accounts for the majority of employment in the country, so growth there could indicaten ew jobs being added. It also c omes two days after ISM said the manufacturing sector continued to grow in July. That report sparked big gains in the market. P aul Zemsky, head of asset a llocation at ING Investment Management, said economic reports are starting to fall more inline with expectationsa fter regularly falling short of forecasts throughout the second quarter. "The negative data we saw l ate in the second quarter caused people to lower their expectations," Zemsky said. The more modest expectat ions investors now have c ould give the market room to move higher, Zemsky said. Investors sold Treasurys to move into stocks, sending interest rates in the bond mark et higher. The yield on the 1 0-year Treasury note, which moves opposite its price, rose to 2.95 per cent from 2.92 per cent late Tuesday. That yieldh elps set rates on mortgages and other consumer loans. CBS rose 45 cents, or three per cent, to $15.46. Electron-i c Arts jumped $1.12, or 6.9 per cent, to $17.30, while Anadarko rose $2.22, or 4.2 per cent, to $55.36. Whole F oods fell $3.11, or 7.9 per c ent, to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t:25.,13$5$',6( (YHU\GD\RIWKH\HDU/LWWOHZLW]HUODQGLVDFRPSDQ\ZLWKRYHU\HDUVH[SHULHQFHLQOX[XU\UHWDLOLQJZLWKRYHUVWRUHV LQ7KH&DULEEHDQ)ORULGDDQG$ODVND:HVHOOJUHDWQDPHVOLNH%UHLWOLQJ7DJ+HXHU %DXPHt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tocks edge higher on jobs, service sector growth To advertise in The Tribune the #1 newspaper in circulation, just call 502-2371 today!
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f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f $ WKUHH\HDUFRQWUDFWZLOOEHUHTXLUHGIRUWKLVFRQVXOWDQF\ PDQDJHPHQWVHUYLFH7KHWHUPVXQGHUWKLVFRQWUDFWDUH QHJRWLDEOH QWHUHVWHGSHUVRQVDUHLQYLWHGWRDSSO\LQZULWLQJWR WKH'HSXW\0DQDJLQJ'LUHFWRU+DQQDK*UD\YLD HOHFWURQLFPDLOKJUD\#SKDEDKDPDVRUJDQGFRS\M FOHDUH#SKDEDKDPDVRUJ3OHDVHDOVRDWWDFKIXOO &XUULFXOXP9LWDWRJHWKHUZLWKFRSLHVRIFUHGHQWLDOVDV DSSURSULDWH7KHGHDGOLQHIRUUHFHLSWRIDSSOLFDWLRQVLV WK A THENS, Greece (AP Greece says it expects to pass an inspection of its finances by Europ ean and IMF officials that is required to receive a new rescue l oan payment next month. Government spokesman Giorgos Petalotis says Athens "welcomes t he conclusions made by our partners." H e was speaking Wednesday as the inspectors concluded consultations in Athens, holding a six-hour m eeting with Finance Ministry officials. G reece is set to receive euro9 billion ($11.8 billion September under a three-year prog ramme worth euro110 billion, set up by the International Monetary F und and other countries using the euro currency. Visiting IMF and EU inspectors a re to outline their conclusions Thursday. Greece says it expects to pass inspection of its finances
C M Y K C M Y K BUSINESS PAGE 11B, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By PAN PYLAS AP Business Writer LONDON (AP than-expected US economic data helped Europe's stock markets clamber off lows and contributed to gains on Wall Street as investors gear up for the closely watched US jobsreport for July on Friday. In Europe, Germany's DAX closed up 23.42 points Wednesday, or 0.4 per cent, at 6,331.33 while the CAC-40 in France rose 13.21 points, or 0.4 per cent, to 3,760.72. The FTSE 100 ended 10.32 points, or 0.2 per cent, lower at 5,386.16. Meanwhile on Wall Street, the Dow Jones industrial a verage was up 28.76 points, o r 0.3 per cent, at 10,665.14 s oon after the open while the broader Standard & Poor's 500 index rose 3.83 points, or 0.3 per cent, to 1,124.29. Europe's markets had been trading lower while Wall Street was heading for a modest decline up until figures from the ADP payrolls firm revealed that private sector employment in the US swelled by 42,000 in July the sixth straight monthly improvement. July's gain was up from 13,000 the month before and ahead of market expectations. Though the ADP survey is in positive territory, there are f ew indications that a major a cceleration in job creation is t aking place, so expectations for this Friday's government numbers have not budged too much. The payrolls numbers often set the market tone for a week or two, particularly in August, when trading volumes slump, particularly in the US and Europe. A modest improvement in the monthly non-manufacturing survey from the Institute for Supply Management also helped sustain the buying momentum through the session. ISM, which earlier this week indicated that the slowdown in the manufacturing s ector was not as pronounced a s many economists were f earing, said its non-manufacturing index for July rose to 54.3 from 53.98 anything above 50 indicates expansion. Survey "The survey is consistent with continued sub-trend growth in the second half of the year, but there is nothing here to suggest a double-dip recession is coming," said Paul Ashworth, senior US economist at Capital Economics. At the moment, US economic figures are the main driver across all markets. D espite the fairly encoura ging ISM surveys, the bulk of t he economic news out of the US has been disappointing. If the payrolls data come in below expectations for a decrease of 55,000, which includes the loss of one-off census jobs earlier this year, then the markets will be on the lookout for additional money-boosting measures from the Federal Reserve. Most economists though doubt that the rate-setting panel will decide to get anything done so quickly. If the Fed turns on the taps once again, then most currency strategists think the dollar will be undermined further, after falling to a fourmonth low against the euro on Tuesday. By late afternoon London time, the euro was down 0.6 per cent at $1.3152. On Tuesday, it went as high as $1.3261. While the dollar has been pressured by the evidence showing the US economy is losing momentum, the euro has recovered its poise as the g overnment debt crisis has e ased and the economic newsf low out of the 16 countries that use the currency has generally outperformed expectations. "What is clear is that the focus of concerns has moved very clearly from the eurozone towards the US," said Simon Derrick, senior currency strategist at Bank of New York Mellon. One sector that stubbornly fails to match the improvements seen elsewhere, though, is consumer spending. Eurostat, the EU's statistics office, said retail sales in the eurozone were flat in June f rom the previous month, d own from a 0.4 per cent rise b ooked in May. June's outcome was in line with expectations after figures showed that sales in Germany and France fell sharply, and means retail sales were only 0.4 per cent higher in June than the year before. The figures came out a day ahead of the European Central Bank's expected decision to leave its key interest rate unchanged at one per cent. Though its president JeanClaude Trichet is expected to sound a more optimistic tone in his press conference, he is likely to point to the hurdles the eurozone economy faces, not least the fact that consumers are holding back from major purchases even though separate figures last week showed consumer confidence running at a 26-month high. The worry is that consumer spending may get pressured by the austerity measures being enacted across the eurozone in response to the government debt crisis. E arlier, stock markets in A sia had been mixed. W hile Japan's Nikkei 225 stock average closed own by 204.67 points, or 2.1 per cent, to 9,489.34, the Shanghai Composite Index added 0.4 per cent to 2,638.52 and Hong Kong's Hang Seng advanced 0.4 per cent to 21,549.88. Other gainers included India, Taiwan and Malaysia. Markets in Singapore, Indonesia, New Zealand and Australia lost ground. Benchmark crude for September delivery was down six cents to $82.49 a barrel in electronic trading on the New York Mercantile Exchange. Markets recover poise after US jobs survey MAKING PROFIT: The Time Warner Center is shown in New York. Time Warner Inc. said Wednesday its second-quarter profit rose seven per cent, helped by another gain in advertising revenue and growth at its cable channels. (AP Photo Time Warners Q2 profit rises seven per cent
C M Y K C M Y K BUSINESS PAGE 12B, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By TALI ARBEL AP Business Writer NEW YORK (AP Growth in the US service sector picked up in July, according to a trade group's survey, in a good sign for the overall economy and the job market. The Institute for Supply Management said Wednesday its service-sector index rose to 54.3 last month, up from 53.8 in June. Economists had expected a pullback to 53 for July. Levels above 50 signal growth. July was the seventh straight month of expansion. The index shows service companies have been expanding every month this year, but at a less robust pace than the manufacturing sector. They are more dependent on consumer spending, which has grown only modestly because unemployment remains near 10 per cent. The slow recovery in the servicesector this year had put a damper on overall hiring, since it accounts for about 80 per cent of US employment. Service jobs include those in hospitals, shops, restaurants, airlines, banks and consulting firms. July's report suggested improvement. The index showed businesses reported that new orders, an indicatorof future business, grew faster last month. A measure of hiring expectations also expanded in July for only the second time since December 2007, when the recession began. It had ticked slightly over 50 in May before shrinking to 49.7 in June. The July reading was 50.9. At that level, the hiring index typically corresponds to monthly increases of nearly 100,000 private-sector jobs, said Capital Economics ana lyst Paul Ashworth. Economists expect that the economy lost 65,000 jobs in July because the federal government fired employees who had been hired temporarily as Census workers, according to a survey by ThomsonR euters. Private-sector payrolls would rise by about 100,000 in July, predicted Ryan Wang, an economist with HSBC, about the same pace of job growth from earlier this year, on average. The private sector added 593,000 jobs in the first six months of the year. Employers Private-sector employers added 42,000 net jobs during July, according to payrolls processor ADP, which releas-e s a monthly employment sur vey. This summer, other economic reports have signalled weakening trends in the housing sector, manufacturing and consumer spending. The weaker data have triggered fears that the pace of hiring might slow, said Wang. The ISM data also suggest that hiring is "at least holding steady," he said. Wednesday's ISM report helps reassure that the economy is not going to go back into recession, economistss aid. Some business are finally seeing strong growth return. Cognizant Technology Solut ions Corp., which provides consulting and information technology outsourcing, on Tuesday posted big gains in net income and revenue in the second quarter as corporate customers restarted projects that had been on hold during the recession. It said it added 3,200 jobs to its payrolls during the quarter, an increase in its workforce of nearly four per cent. Still, many other companies remain wary. Those businesses responding to ISM's survey showed "cautious optimism about business condi tions," said Anthony Nieves, who oversees the ISM's service sector survey. Office supply chain Office Max Inc. said Tuesday that it expected small declines in sales for the year as the economic recovery is slower than c ompany executives had expected. Grocer Safeway Inc. in July lowered its profit forecast for the year, saying it doesn't expect supermarket prices to increase until the fourth quarter because shoppers remain frugal. Industries Of the 18 industries ISM surveyed, 13 reported growth in July, led by real estate and the arts and entertainment sectors. Construction and utilities were the biggest of four industries saying they shrank last month. Companies providing professional and scientific ser vices said they saw no net change in growth. US service sector grows more quickly in July GOOD SIGN: People place their food orders at The Taco Truck restaurant in Hoboken, NJ. (AP Photo
The Tribunes RELIGION SECTION THURSDAY, AUGUST 5, 2010 PG 17 A three-month-long journey came to an end Sunday night for nine contestants in the 2010 Miss Gospel Bahamas Pageant when certified early childhood educator, Sylvian Rahming walked away with the crown. Miss Sage Eden, Sharell Ferguson and Miss St John s Jubilee Cathedral, Sasha Bain placed first and second runner-ups, r espectively. The new queen, a 22-year-old, Hillcrest Academy teacher snagged three of nine awards presented at the finale held at the Rainfor est Theatr e at the Wyndham Nassau Resort and Crystal Palace Casino. She placed first in the costume competi tion in addition to winning, best evening gown and the Kathy and Gregory Butler Above and Beyond Award. She also placed second in the talent competition with a mime act a skill honed thr ough her work with Kingdom Mime Ministries Inter national, a non-profit, Christian or ganisation. For a ver y long time Ive had dr eams and visions of ministering to people and I wondered how all of this would come about, she said in a pre pageant interview. I thought, Lord this is it. This is a window. Its no longer a dream. The 15-year pageant that is the brain child of Great Commission Ministries Inter national is not all about the glitz and glamour typically associated with pageants. Contestants must exemplify a Christ-like attitude and demonstrate a willingness to be an ambassador for Christ. They also had to be had to answer tough questions in the inter view segments, answering an array of questions on prostitution, crime, the 2010 budget, pornography, gambling and motivating young people to r etur n to the chur ch. Miss Rahming also impr essed the judges with her answers in the two question segments answering questions on pr ostitution and crime. Last year the bar was set extr emely high and this year is no exception, pageant New Miss Gospel crowned SEE page 19 AND THEN THERE WERE THREE : Nine contestants were whittled down to three. From the final trio, Sylvian Rahming emerged victorious. From left to right: Rahming, first runner-up Sharell Ferguson and Sasha Bain, second runner -up. P r e c i s i o n M e d i a / P h o t o s OUTGOING QUEEN: Shenique Gray crowns the new Miss Gospel Bahamas, Sylvian Rahming, at the 15th annual pageant held at the Rainforest Theatre in the Wyndham Nassau Resort on Sunday
The Tribune PG 18 Thursday, August 5, 2010 RELIGION THE WINNERS CIRCLE Speech competition 1. Sasha Bain (winner 2. Kervinique Ferguson 3. Sharell Ferguson Best Float 1. Latasha Munnings (winner 2. Shantia Williams 3. Sharell Ferguson Best Talent 1. Sasha Bain (winner 2. Sylvian Rahming 3. Kervinque Ferguson Best Costume 1. Sylvian Rahming (winner 2. Shantia Williams 3. Sharell Ferguson Best Evening Gown Sylvian Rahming Above & Beyond Award Sylvian Rahming Miss Amity Raquel Pinder Miss Photogenic Sharell Ferguson Miss Popularity Kervinique Ferguson
MEDITATION WHATEVER you have learned or received or heard from me, or seen in meput i nto practice. And the God of peace will be with you (Phil 4:9 NEV) My Aunt Olga Nash was buried on July 3, at 93 years of age. My father Addington Buster Bosfield was age 94 when he died, his twin Aunt Myrtle Bosfield was 87, and Aunt Lillian Bosfield was 95 years of age at her death. Now that all the siblings have passed on to glory, there are several thoughts that come to mind about old Bahamian values that need to be remembered, preserved and perpetuated. 1. Family was a sacred word in their mouths. They called each other daily, visited regularly and took keen interest in the members of the extended family as well. 2. Friends wer e people to be treasured and retained for a lifetime. They wer e to be visited and invited to share table fellowship and each persons family was adopted as their own. 3. Fr ugality was the or der of the day. There was no wastage of water, electricity food or anything else. They wer e born just after the turn of the century and knew about wars, embargoes, depressions, recessions and the like. 4. Sharing was still to be a r equir ement for living as a good neighbour and so there was always to be enough to make up an extra plate of food which was passed thr ough the door or an open window 5. Outreach meant cubes of ice, the use of the telephone, the lending or giving of money, providing transportation, writing a letter or anything else that was needed. 6. Faith in God was the str ong foundation on which to build family life, and church attendance, payment of dues and quiet Sunday activities were all a par t of the duties of a good Christian. The Tribune Thursday, August 5, 2010 PG 19 RELIGION When time stops REV.ANGELA C BOSFIELD PALACIOUS chair Leotha Adderley said. Whats going to make this pageant different is the talent within these young ladies. All of them appear to be extremely intelligent so the young lady crowned will have to shine in the talent and float segment. And shine Miss Rahming did, holding her own during the contestants opening presentation even though she had a slight wardrobe malfunction with her Biblical portrayal as the bride of Christ. My costume wasn t on pr operly so as I was walking it jumped a bit and I had to tr y and hold it, Rahming explains. I thought, Oh Lor d, I messed up, but I encouraged myself. The new queen admits to being transformed by the pageant in which contestants underwent a number of pre-pageant activities including sessions in personal gr ooming, make-up application and etiquette, in addition to other social activities, engagements and cour tesy calls. The experience [was] wonderful. I would advise other young ladies, those with low self-esteem those that want to be used, want to show off their talent for the kingdom of God to pick Miss Gospel Bahamas, said Rahming, who was sponsor ed by her chur ch, Bahamas Christian Fellowship and has as her platform the goal of empowering young people to embrace the power of their dreams. I am ready to take my platform out there and change this nation. I believe God has anointed me for such a time as this and I am going to embrace ever y opportunity I have to change the lives of the young people I come into contact with. FROM page 17 Miss Gospel
The Tribune PG 20 Thursday, August 5, 2010 RELIGION John 3: 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. As a people, weve got to understand that the enemy ( Satan in his power to disrupt the love relationship that God has with mankind. Its during difficult economic times such as these, that the enemy gains great advantage over many; as were more pruned to focus on our economical status than that of walking in and displaying the Godly kind of love towards one another. The global economic recession that were experiencing today is a strategic / tactical move of the enemy that has been carried outby devious, scrupulous men who sit in key positions in the financial realm and through hook and crook have manipulated the financial systems. Therefore the concept of giving, which is generated by the spirit of love has comeunder severe attack and questioning; as some people withhold their giving ultimately feeding the enemys spirit of recession. Difficult / challenging times are nothing new as our parents, grand and great grandpar ents went thr ough the same also. They didn t have access to the modern technology as we do today; many of them didnt know the wor d of God from the Greek / Hebrew perspective as we do today. But they understood the power of giving, sharing and caring for one another Whenever there was a harvest of the field or the slaughtering of goats, sheep, cows, chickens, etc; many houses within that community benefited from such harvest; thereby God honoured and continually blessed the givers of our forefathers generation. The blessing thats tied to giving will forever be a thorn in the enemys side and in order to rid himself of this thorn he has sought to pervert, distort and dispel the entire concept of giving. In the secular realm he has done this by dishonestly manipulating the financial system through scrupulous men and women. In the spiritual realm he is also gaining an advantage against the body of Messiah; as he works his plans of distor ting the true concept of giving through cunning, crafty, self-center ed religious leaders who are twisting the wor d of God primarily for their financial gain. W atch this Whenever there is a pastors appreciation or anniversary or any other occasion to give to a r eligious leader; the primar y substance that s requested is money. PLEASE, PLEASE, dont misunderstand or get me wrong there is absolutely nothing wrong with giving money. But todays church at large has been methodically trained to see giving froma financial perspective. Whats wrong with this picture? How many times have you heard religious leaders are saying (cryings inability to do because of the recessions affect upon the peoples ability to give. What are they (religious leaders about or referring to? Theyre talking about money. Meanwhile countless families within and outside the church consistently go hungry and without food in their pantries. There are food agencies / distribution companies both locally and internationally that look for ways to freely give by rotating of inventories. But twisted religious leaders have been known to press these agencies and companies for finances to deposit into their churchs bank accounts; rather than positioning / preparing themselves to receive food in bulk that can be made readily available to the needy. Religiously, we consistently quoting the scriptures: Hosea.4:6. My people are destroyed for lack of knowledge: & Pr ov.29:18. Where there is no vision, the people perish: W atch this In both passage of scriptures, who is it that s being destroyed and perishing? Its the people, not the leaders. If the religious bishops, doctors, apostles, etc; are all doing good (financially ing their own in these difficult times while their congr egation ar e suffering; there is no men or glory to God in such situations. A wealthy / healthy shepher d -church leader is the reflection of a wealthy / healthy sheepfold-congregation. Despite all the eloquent preaching and teachings, if the situation is reversed; then that church / leadership is governed by the anti-Christ spirit. With all of my heart, I do believe in Gods prosperity plan for His children and I am a prosperity teacher, because its Gods will for His people to prosper. But there has to be a balance and truth to the prosperity message, and its this balance and truth thats lacking in todays religious church. One of the greatest possessions of a shepherd is his flock and the well being / provision of that flock; should be of the utmost importance to the shepherd. Heres what David said about his shepherd: Ps.23:1. The LORD is my shepherd; I shall not want. : 2. He maketh me to lie down in green pastures: he leadeth me beside the still waters. : 3. He restoreth my soul: he leadeth me in the paths of righteousness for his name's sake. As a shepherd bishop, doctor, apostle, etc; you ought to be known by the care given to your congregation / sheepfold, and not by how well you can pr each, teach or by how many books youve written. John.10:11. I am the good shepher d: the good shepherd giveth his life for the sheep. John.10: 14. I am the good shepher d, and know my sheep, and am known of mine. For questions and comments contact us via Email: email@example.com or firstname.lastname@example.org or Ph. 1-242-441-2021. Pastors Matthew & Brendalee Allen Kingdom Minded Fellowship Center Intl For God so loved PASTOR MATTHEW ALLEN
C M Y K C M Y K THURSDAY, AUGUST 5, 2010 THETRIBUNE PAGE 14 PAGE 13 Tennis: Claycourt Championships... TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Celtics have Very Big Four with 15-time All-Star Shaq... S ee page 12 By RENALDO DORSETT Sports Reporter email@example.com T he Bahamas Softball Federation (BSF been operating under the theme, Youth Development The Way Forward, with a myriad of tournaments on the horizon for its junior players. The BSF is now preparing to field players for a trio of tournaments in the near future, which include the senior men's national team at the Pan American Softball Championships, the junior women's national team (16and-under) at the World Cup of Softball and the national junior men's national team (19-and-under national Softball Federation's Jr Men's World Championships in 2012. One of the most promising developments, however, is the establishment of an under-20 regional tournament devel oped at the Carifta level, which could rapidly assist the growth of the game at its most basic level. Additionally, during the Annual General Meeting of the CONCACAS region, it was discussed and approved that the English-speaking Caribbean will be allowed to form its own Confederation and Championships, pending the approval of ISF president D on Porter. Manager The new manager of the womens junior national team will be Spurgeon Johnson while Martin Burrows will head the men's development team. He will be assisted by Robert Saunders, Delano Cartwright and Alfonso Albury. The new group of national team coaches and managers are expected to serve twoyear terms at the helm of the Bahamas teams in interna tional competition. Sidney "Baylor" Fernander, director of softball pro grammes for the BSF, said the organisation seeks to improve the programme with greater accountability from the coaches and better team chemistry. Each coach is expected to deliver a full, detailed report to the BSF two weeks after their respective national team returns home. To further assist in the youth movement, Stephen 'Bishop' Beneby has been a ppointed as the assistant director of programmes for junior women. Godfrey Burnside, manager of the men's national team, said this team will take on a focus towards a youth movement in the federation. "We have realised that we must focus on younger players. If we do not bring them into the fold and make them feel welcome, the quality of our national team programme will eventually diminish," he said. "We will not discard the older players, but they must understand where the focus of the federation is going and younger players will play a pivotal role at the national level," Burnside said. Myriad of tourneys on the horizon for BSF juniors OLYMPIC gold medallist Tonique Williams-Darling, pointing out that the Bahamas is still a major force at the Carifta Games, wants to come back this year and contribute to the junior programme and reall y help to develop these athl etes. I n an interview with T ribune Sports she outlined her reasons for making the early transition from athlete to coach. "I'm excited. Coaching, I would say, I enjoy more than competing," said the St John's College graduate who went on to compete for the University of South Carolina before she graduated from Moore School of Business with her b achelor's degree in 1999. "It's just good to see when you're successful for the kids to be working hard and living out their dreams. So I'm really excited about getting into coaching here fulltime." After attending the 2009 Carifta Games in St Lucia, Williams-Darling said she had a number of athletes ask her for help. "One think I noticed at Carifta is that we're still in there and we're still a major force," she said. "I just feel that there are more contributions that can be made to these junior athletes and that is part of what I want to do this year. I want to come back and really help to develop these athletes and contribute to the junior programme." Williams-Darling is getting ready to host the sec ond edition of the eagerly anticipated week-long TWD Athletics Clubs Track and Field Summer Clinic slated for August 13-14 at the Abaco Central High School, which shifts to New Providence August 16-21 at Thomas A Robinson stadi um. Registration forms are available at The Sports Locker or Robin Hood. I enjoy coaching more than competing... GIVING BACK: Tonique Williams-Darling (in this file photo waving to the crowd at the 2004 Olympics in Athens, Greece) is getting ready to host a summer track and field clinic.
Celtics have Very Big Four with 15-time All-Star Shaq C M Y K C M Y K SPORTS PAGE 12, THURSDAY, AUGUST 5, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By HOWARD ULMAN AP Sports Writer BOSTON (AP of the Boston Celtics are now a Very Big Four. The Eastern Conference champions signed 7-foot-1, 325-pound Shaquille O'Neal on Wednesday, adding the 15-time All-Star to a team needing his size with center Kendrick Perkins recovering from knee surgery that could sideline him until February. T he deal with the free agent center i s for two years and about $3 million, a person with knowledge of the negotiations said on condition of anonymity because no details were released. O'Neal joins the other three big names Paul Pierce, Kevin Garnett and Ray Allen on a team that went to the seventh game of the NBA finals before losing to the Los Angeles Lakers. Since then, Boston signed centerforward Jermaine O'Neal. Point guard Rajon Rondo will also be coming off an outstanding post season. "I am honoured to be joining the Celtics," O'Neal said in a statement issued by the club. "I have played against Paul, Ray, Kevin, Rajon, and Jermaine for many years and it will be great to be able to call them my teammates. I cannot wait to get to Boston to get started in pursuit of another championship." The Celtics won their NBA-high 17th championship in 2008. O'Neal has won four NBA titles. "It is not every day that you can add a player of Shaquille's calibre to your team," Celtics president of basketball operations Danny Ainge said in the statement. "His past experience speaks for i tself and we believe that he is a great fit for our roster." After the season, the Celtics resigned Pierce for four seasons and Allen for two and signed Jermaine O'Neal for two. Garnett also has two years left on his deal. S haq, the top pick in the 1992 draft b y Orlando, averaged 12.0 points, 6.7 rebounds and 1.2 blocks in 53 games for Cleveland last season. He is the fifth leading scorer in NBA history with 28,255 career points and is 14th in rebounds with 12,921. He has averaged 24.1 points, 11.0 rebounds and 2.3 blocks per game. BIG DEAL: Shaquille O'Neal dunks the ball against the Los Angeles Clippers during a game in Los Angeles. (AP Photo By BRIAN MAHONEY AP Basketball Writer NEW YORK (AP Jersey center Brook Lopez, struggling to recover from a bout with mono, has withdrawn from the US national team and will be replaced by Washington's JaVale McGee. Lopez informed USA Basketball officials Wednesday that he didn't believe he was in good enough condition to take part in training camp next week in New York. He played poorly during practices in Las Vegas last month and USA Basketball chairman Jerry Colangelo said he would have to perform well during the second training session to have a chance to make the roster headed to Turkey for the world championships. Instead, Lopez became the latest big man on an undersized US roster to withdraw. The Americans lost Amare Stoudemire, David Lee and Robin Lopez, Brook's brother, shortly after opening camp in Las Vegas. They were already without Boston's Kendrick Perkins, who injured his knee in Game 6 of the NBA finals. "Although it will be disappointing not to see Brook compete in the upcoming FIBA world championship, the Nets fully support his decision to stop training with Team USA," Nets general manager Billy King said in a statement. "Brook obviously felt that he had not made sufficient enough recovery from his bout with mononucleosis ear lier this summer, but we feel confident he will be fully recovered by the start of training camp on September 25." Tyson Chandler and McGee are the only centers on the roster. McGee had practiced in Las Vegas with the Americans the last two summers, but hadn't officially been added to the national team. Brook Lopez pulls out of the world champs By ADRIAN SAINZ Associated Press Writer MEMPHIS, Tenn. (AP The procession moved s lowly and solemnly on Wednesday, a long line of mourners dressed in black and white, pausing in front of the silver casket of theirs lain native son Lorenzen Wright. Hundreds of fans, friends and family members of the former NBA player filedi nto the FedEx Forum in M emphis for Wright's memorial service and funeral, remembering the man many called "Ren" as a lov-i ng, gentle, charitable family man. W right's body was found July 28 in woods outside Memphis after he had been missing for 10 days. The 34-y ear-old was shot to death in what police are calling a h omicide. No arrests have been made and Memphis police will not discussw hether they have a motive or suspects. Relatives and friends f ought off tears as they addressed the crowd, still in d isbelief at the way he died. Jeffrey L Archie told the audience that he may neveru nderstand why someone would kill his brother. "To me he was invincible," Archie said. "There's no rea son for anybody to take him l ike this." M emphis Grizzlies owner Michael Heisley said Wright had movie star looks with an i nfectious smile, and served as the team's leader. Wrights pent five of his 13 seasons in the NBA with the team from the city he was born. We should all leave this hall with the thought that were going to do a little bit in Lorenzen's honour to make sure things like thisd on't happen again," Heisley said. "That's the biggest service you could pay him." W right's six children and ex-wife were in the proces sion, trailed by his father, Herb Wright, who uses a wheelchair. Dozens of friends and family followed,s topping before a photo of Wright, then the casket. His mother, Deborah Wright, also attended. A litany of former NBA brethren paid their respects, including Memphis hero Penny Hardaway, Elliot Perry, Bonzi Wells, and former Atlanta Hawks coach Mike Woodson. Current Grizzlies f orward Zach Randolph and former NBA player Damon Stoudemire also were there. Lorenzen Vern-Gagne Wright Sr was born in Memphis but lived as a youth Oxford, Miss.. His mother and siblings moved to Memphis for his senior year in high school, and he became a star at Booker T Washington High School. While growing up, Wright's father, who was paralysed after being shot in the spine, coached him on the basketball court and taught him to be a family man off the court. He then went to the University of Memphis, where he played two seasons and was an AllAmerica selection after his sophomore year. The 6-foot-11 forwardcenter was drafted No. 7 in 1996 by the Los Angeles Clippers where he spent three seasons before moving onto the Atlanta Hawks, for two separate stints, Grizzlies, Sacramento Kings and most recently the Cleveland Cavaliers in 2008-09. He averaged 8 points and 6.4 rebounds in 778 career NBA games, and also was known as a good defensive player. In March 2003, Wright's 11-month-old daughter, Sierra, died of sudden infant death syndrome. Wright contributed to children's charities, holding basketball camps, contributing to child reading pro grammes, and visiting St Jude's Children Research Hospital. "As loving as Lorenzen was, and he gave so much to so many people, if we can just come together and love each other instead of all this violence, it will be a much better world," Herb Wright said after the service. Hometown memorial for former NBA player Wright
AID sponsors 17th annual Claycourt Championships By ROB HARRIS AP Sports Writer LONDON (AP time European champion Ajax reached the Champions L eague playoff round on a way goals after being held 3 -3 at PAOK Thessaloniki on Wednesday, while Celtic was eliminated by FC Braga despite winning its second leg. Held 1-1 in Amsterdam last week, Ajax scored three times in seven minutes at the start of the second half but conceded a late equalizer inGreece. "This was a very tough night, in a very tough atmosphere," Ajax coach Martin Jol said. "We lost control of the game at various stages, but we got the three goals and PAOK had to chase for a goal and give us space that wasf ortunate for us." Celtic, which trailed 3-0 to Braga after the first leg, fell behind and went out despite scoring two second-half goals to win the second leg 2-1 in the third round of qualifying. Zenit St Petersburg joined Braga in Friday's draw for the playoff after the 2008 UEFA Cup winners beat Unirea Urziceni 1-0. FC Copenhagen also advanced by beating B ATE 3-2 after another s coreless first leg, while the same aggregate result took Young Boys through after winning 1-0 at Fenerbahce on Wednesday. Dynamo Kiev advanced with a 6-1 aggregate victory over Ghent, Zilina ousted Litex Lovech 4-2, Basel beat Debrecen 5-1 over the two legs, Sparta Prague produced another 1-0 win over Lech Poznan, and Rosenborg beat AIK 3-0 after winning 1-0 last week. In Greece, Ajax fell behind in the 16th minute when Adelino Vieirinha netted with a glancing header from Olivier Sorlin's free kick. But Luis Suarez exploited PAOK's defensive collapse early in the second half. Uruguay's World Cup star levelled in the 48th, chesting down the ball and shaking three defenders to beat PAOK goalkeeper Dario Kresic. Two minutes later, Suarez set up Siem de Jong to make it 2-1. "Suarez made the difference he always wants to win," Jol said. Rasmus Lindgren added the third with a free kick in the 55th, but Dimitris Salpigidis reduced PAOK's deficit a minute later. Vladimir Ivic missed a penalty kick in the 77th, but made it 3-3 in stoppage time. "The second half certainly had it all: loads of goals, great chances and a missed penal ty," PAOK coach Pavlos Der mitzakis said. "Unfortunately it didn't go our way. It's a shame." In Glasgow, Celtic was left needing to score five goals to advance after slack defending from new defender Cha Du-ri allowed Paulo Cesar to gave Braga a 4-0 aggregate lead in the 20th. "We keep conceding soft goals," Celtic manager Neil Lennon said. "I'm learning from it and hopefully the players are learning." Gary Hooper, who was making his Celtic debut, and Efrain Juarez both scored for the 1967 European champi ons in the second half, but they will have to settle with a spot in the Europa League playoff round. Ajax advances in Champions League on away goals C M Y K C M Y K SPORTS THE TRIBUNE THURSDAY, AUGUST 5, 2010, PAGE 13 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM !"#$%& IsForeignLabourReallyBetter ('')*+,& !!"#&'&(")*+!+ -./*0.1&' ,-.#/"0123/0415$6&/74/0'$ 8977/0(:10&1;<1="$"9 897/0>?$ <>((>&)<3)6>#>@>( !23,&' ABC+D@E$FB++D@ %.4+&' G1@H15(E$I511 <90JG1@H15(E$K!A #*1,524+& G5-L>55906-8>(# G5-3#/7/D M>7>0/( L5-N>0 O"5>P#>0 %.1+*/+'64&' Q@>/7BH#54>-H(R'@>/7-P9@ .1H(/"1B#SDBTT H #54>-(#5@-95')24/8442.1.19*0.1*5-*:.8; <=>255),?,5.@3,1+$448,4 A *B*3*4C83*1D,4.8;/,4),?,5.@3,1+744./2*0.1 !#$%#&&'%#$)*&+,(-'./&00%.#/.'-'.12345%)67#1-'.8)79%:%)6;