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 Mother Pratt fears gang war C M Y K C M Y K V olume: 106 No.257TUESDAY, SEPTEMBER 28, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER PARTLYSUNNY, T-STORM HIGH 90F LOW 78F I N S I D E By AVA TURNQUEST T ribune Staff Reporter firstname.lastname@example.org S T Cecelia MP Cynthia Mother Pratt said the area surrounding her constituency is steeped in an all-out gang w ar, based on reports from the youth in her constituen cy. M rs Pratt added the country must work harder at bridging the gap between factions like the growingd ivide she highlighted between groups from Ridgeland Park and those identify ing themselves as the Grove. Mrs Pratt said: Im trou bled by the thug boys, the w ars, the cross rivalry. These areas are laden with children and it is unfortunate but a lot o f them are raising them selves. The territories for both g roups were said to be separ ated by Robinson Road, and Mrs Pratt said their seemingly endless retaliation spreesa gainst each other negatively impact her constituents most of whom she feels arei mpressionable bystanders c aught between the feuding neighbours. Just one road separates t hem we have to find a way to bridge the gap and Concern over rivalry between RidgelandP ar k and the Gr ove The Tribune THEPEOPLESPAPER BIGGEST ANDBEST BAHAMASEDITION McCOMBO OF THE DAY N E W www.tribune242.com www.fidelitygroup.comCall 356.7764today! Fall in love again with a Fidelity Fast Track car loan. FidelityBank FastTrack Loan FIRSTCLASS AQUINASCOLLEGE FEATURESONPAGE16 By PAUL G TURNQUEST Tribune Staff Reporter email@example.com THE Progressive Liberal Party is set to announce today its plans to assist in finding defence attorneys for the nine Bahamian straw vendors being held in New York. Having been charged in a district court last week with conspiracy to defraud the US Criminal Code by way of trafficking counterfeit goods for commercial advantage or financial gain after a six-month investigation, the nine straw vendors have reportedly admitted to travelling to New York to buy the fake luxury goods after they were arrested at PLP SET TO ASSIST FINDING ATTORNEYS FOR STRAW VENDORS SEE page 10 A CLASS ACT: Cynthia Mother Pratt speaks to children at the launch of a new afterschool reading initiative at her St Cecelia constituency yes terday. Inside what was once her constituency office but has now been converted into a classroom, reading lessons will be available every weekday from 4pm until 5.30pm for school children in the community. On Saturdays, one-on-one adult sessions will be held from 2pm until 7pm. AFTERSCHOOLREADINGINITIATIVE FELIPE M AJOR/TRIBUNESTAFF SEE page 10 By AVA TURNQUEST Tribune Staff Reporter firstname.lastname@example.org ARAWAK Homes has assumed responsibility for the demolition of the Woods home on Friday, according to a press statement issued by the company yesterday. It assured the public that its actions were in full compliance with the law. Arawak Homes:house demolition in full compliance with the law SEE page 10 By PAUL G TURNQUEST Tribune Staff Reporter pturnquest@ tribunemedia.net FNM Chairman Carl Bethel slammed a downmarket tabloid yester day for continuing its ongoing malevolent campaign of character assassination against him. Claiming that the Sea Breeze MP had some ulterior motives behind his recent intervention in the constituency association elections in St Thomas More, the publication said Mr Bethel had fears that he could be beaten in his Sea Breeze seat by the PLPs Hope Strachan in the next general election. As such, the tabloid claims Mr Bethel was seeking to switch from Sea Breeze to St Thomas More in anticipation that the St Thomas More seat would be a safer bet for the FNM. However, Mr Bethel has flatly denied these allegations. Let me say from the outset that I made a personal commitment to the residents of the Sea Breeze constituency in 1990, at the age of 29 years, which I have never abandoned. I have been elected by the good people of this constituency in three of the last four general elections, for which I remain eternally grateful. I have no intention, nor have I contemplated now, or at any time, changing that personal commitment. I have no interest or intention in seeking to represent anyone other than the good people of the area presently called the Sea Breeze Carl Bethel hits out at tabloid s campaign of character assassination SEE page 10 HITTINGBACK: Carl Bethel By TANEKA THOMPSON Tribune Staff Reporter email@example.com POLICE are hopeful they can bring a swift resolution to the investigation into the shooting of 13-year-old Rashad Rolle. Although senior officers say they don't have anyone yet in ARRES T HOPES OVER TEEN AGERS SHOOTING SEE page nine THE final number of staff to be cut at ZNS has been con firmed, according to late reports reaching The Tribune. Of the 238 persons currently employed, yesterday it was announced only 158 people will remain 13 more than the iniREPOR TS: 80 STAFF TO LOSE JOBS AT ZNS SEE page 10 By ALISON LOWE Tribune Staff Reporter firstname.lastname@example.org A PRISONER who checked himself in to hospital with a gunshot injury to the leg after he was supposed to have returned to prison from his Bernard Road work site is being questioned in connection with a shooting in Yellow Elder on Saturday, PRISONER IS QUES TIONED OVER SHOO TING SEE page nine
By NOELLE NICOLLS Tribune Staff Reporter email@example.com T HE draft Department of Corrections Bill will absolutely be released before the end of the year, according to Min ister of National Security Tom my Turnquest. The new bill, drafted to replace the outdated Prison Act, is expected to reflect the governments vision for the prison moving forward, he said. The minister is participating in a general staff meeting at the prison this week, where he plans to help them to see the way forward and buy into the vision. The Prison Staffers Associ ation recently expressed its opposition to what they believe is a move by the government to civilianise the prison. They see the appointment of Super intendent Dr Elliston Rahming as an example of this, and claim they do not support his reap pointment. One prison officer said he did not care what internation al reports say about the need to move away from a military structure in prisons. He said a policy of civilian leadership would be a crippling blow to the very core of officer morale. For years officers who have exposed themselves to countless risks and hazards, educated themselves in related disci plines and have served their country doing a job that most of our citizens would not even consider have reasonably expected that for their efforts, rewards would come, said one tribune242.com reader. I have been a prison officer for more than five years. I joined the service with a view of not only making this job a career, but also with the hope and aspiration of attaining the highest rank there is Prison Superintendent, he said. Mr Turnquest said he is aware of the concerns about the possible move to civilianise the prison. He said the government has no intention of changing the disciplined force that the prison is and the rank structure. We will change By ALISON LOWE Tribune Staff Reporter firstname.lastname@example.org PRISON Superintendent Dr Elliston Rahming has defended the prisons extra-mural work release programme in the face of two alleged instances over the weekend of participating prisoners becoming involved in crimes while off prison property. Both inmates have now been taken off the programme that saw them selected to be allowed to go off the prison compound during work hours to participate in paid employment, despite still serving their prison sentences. A n investigation is underway by prison officials into how one of the inmates, who was supposed to have been at his Bernard Road work site, was allegedly able to get caught upin a murder and double shooting incident in Ridgeland Parka nd Yellow Elder on Saturday. The inmate, who has been returned to prison, is being questioned in connection with the Yellow Elder shooting, which saw a man who is himself now being questioned in connection with the Ridgeland Park murder shot at while seated inside a Honda Accordin the area. The mans sister, who was also inside the car, was also injured in the shooting. T he inmate himself received a gun shot injury to the leg at some point during the day, for which he sought treatment at Princess Margaret Hospital on Saturday, leading to his rearrest. He was taken back to the prison for further treatment in the medical unit there. The second inmate was taken off the work-release pro gramme after a search upon his return to the prison last Friday resulted in the discovery of a half pound of marijuana hid den somewhere on his person. According to Supt Rahming, this second inmate, has now been confined to maximum security as police investigations continue into how he obtained the drugs. The inmate, who is being questioned in connection with the Yellow Elder shooting, is said to have been serving a 15year prison sentence for armed robbery. He is said to have served nine and a half years and was due for release next August. The sentence being served by the other inmate who was found with the drugs is unknown at this stage. Asked yesterday whether he felt the incidents warranted a review of or changes to the work release programme, which up until the removal of the two inmates involved 15 inmates, Dr Rahming said that he did not see the need for any major alterations. Concerned Sources say some law enforcement authorities are concerned about a lack of supervision of those on the programme, and how they are selected. Dr Rahming defended the programme yesterday in this regard. However, he did say that there was one decision taken yesterday morning as a direct result of the weekends alleged transgressions that all inmates on the work pro gramme would be taken to and from their work sites by prison staff. At present, inmates are generally dropped to their work sites and are allowed to make their own way back to the prison in the afternoon. They are required to be back at Her Majestys Prison, Fox Hill, at 6pm on weekdays and 4pm on Saturdays. Dr Rahming added that he foresees that electronic monitoring of these inmates and others would significantly tighten the surveillance of them. The government has promised to introduce electronic monitoring, however no implementation date has yet been given. Selection of inmates to par ticipate in the work release programme, which Dr Rahming credits with reducing re-offending rates, is conducted by the Prison Visiting Committee or the Prerogative Board of Mercy, on which the Minister of National Security sits. Dr Rahming said: They are the only two entities entitled to place inmates on the work scheme and all are very carefully selected but from time-totime, an inmate would do something stupid, something you didnt anticipate. But by and large the extra mural scheme has been extremely successful. Its been going on for probably between 25 and 30 years and very few who have been in the programme for an appreciable length of time have recidivated. The Prison Superintendent said he does not feel the public have been exposed to any undue danger by the decision to allow certain inmates the freedom to leave prison grounds during the day. There have only been a few instances where persons engaged in the programme would have gotten involved in an illegal enterprise of a violent nature and virtually all of the inmates return to the prison on a timely basis. Dr Rahming said supervision of the inmates while on the job includes sporadic drop-ins by prison officers during the day, and the requirement that their employer notify the prison if the inmate leaves the work site outside of regular hours. In order to be considered for the programme, an inmate must have had no disciplinary charges against him in the prison in the past year; ought to have completed at least two technical, vocational or attitu dinal adjustment programmes andshould have no more than 18 months or two years remaining on his or her sentence. The inmate must also agree to be subject to random drug tests. The Visiting Committee will then interview him and make their decision, said the top prison official, adding that this committee is made up of a number of outstanding citizens of the Bahamas, who are performing a tremendous service to the country. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Prison chief Rahming defends the work release programme Draft prison bill to be released before end of year, says Minister S CENEOFTRAGEDY: T he body of a young man is placed in a hearse on Saturday after he was shot in the head in Ridgeland Park. Allegations of inmates becoming involved in crimes SEE page nine TOMMY TURNQUEST
EDITOR, The Tribune. W ith your kind indulgence, I shall be grateful if you would allow me to continue a ddressing the proposed Baha M ar Cable Beach development, the predicament it is presently in and the repercussions it could have if it is a llowed to continue in its present form. I listened and watched attentively while the Prime M inister brought the Resolut ion to Parliament and explained it in detail. Then a few days later, Baha Marr eleased a statement outlini ng its own position. And w hen one examines both the Resolution from the Prime Minister and the statement from Baha Mar, therein lies some confusion. According to the Resolut ion, Crown land and land o wned by the government will have to be conveyed to Baha M ar in fee simple before the Chinese financiers will provide the funding. That is understandable. However, along comes Baha Mar in a prepared statement, saying that work willb egin first and afterwards f inancing will commence. I have been in the real estate business for more than twenty-three years and I have n ever heard of any financing institution releasing its funds b efore the sale is closed. So, as far as Baha Mars statem ent is concerned, I believe that is incorrect. T aking that statement from Baha Mar a little further, I c an only conclude that the financiers are shareholders. If that is the case, the Bahamian people have a right t o know. To expand further in fee simple, according to theF lorida Real Estate Hand Book 1986 Edition, The fee simple estate is also known as an absolute estate because one possessing this estate has no restriction or limitation upon his ownership except that imposed by the state i.e. imposition of taxes, public safety regulation and pur c hase by the state for public use. A fee simple estate is the most comprehensive type of ownership in land since the o wner may dispose of the land in any manner he selects, or if he does not dispose of it the estate will pass on intact t o his heirs. Title to this estate may be acquired by deed, will, inheritance, or adverse possession and may also be granted by a court. So, according to press reports, almost 300 acres will be conveyed to Baha Mar and I presume a lien will be placed against those acres by the financiers. And also I presume that a lien will be placed against the entire development by the Chinese banks. B ecause that is what happens when a financier lends you money, he takes out a lien against the property sot hat if you miss your paym ents, they can move in and take possession of the property. I m a real estate broker and I believe I know a little about the value of land in NewP rovidence. Im saying that the almost 300 acres of Crown land and land owned by the government has a fair market value o f around $500,000 per acre. If my math is correct, then t he total land value is around $150,000,000. Taking that a little further, a ccording to press reports the proposed development isw orth around $2.5 billion. W e ought to be reminded t hat the principals behind Baha Mar development were involved in a foreclosure int he United Kingdom to the tune of under $800 million.C an you imagine if the Chinese financiers have to fore c lose on the Baha Mar Resort? Im forced to inform those w ho may not know that the Chinese population represents 15 per cent of the popu-l ation in San Francisco, but t hey own 85 per cent of the real estate. It is common knowledge t hat the Chinese do not come to rent, they come to own. Think Bahamians. Think. We have to be concerned with our children, our grandchildren and our great-grands. Lest my critics be misinformed, Im in f avour of foreign direct invest ment. And obviously we need foreign capital to stimulate the economy and reduce unemployment. However, I propose that the land bel eased to the Chinese for 99 years. We all know the one who owns the land calls the shots. Im against the re-routing of West Bay Street, the demolition of Cecil Wallace Whit-f ield building. The present government, I believe, ought to review the existing heads of agreementw ith Baha Mar and make changes that are conducive to Bahamians. The re-routing of West Bay S treet will further decrease o nes access to our country, the same way our access was f urther decreased on Paradise Island and the disappearance of South West Road near the Albany Resort. S ome of the more pertinent q uestions lingering in my mind are as follows: Can the Department of I mmigration ensure us that of the 8,000 plus Chinese, there are no child molesters, rapists, m urderers or AIDS infected p ersons entering the B ahamas? Can the Department of I mmigration ensure us that they will be monitoring those persons entering our countryt emporarily will be made to l eave when their work is comp leted? In closing the public deserves to know the truth about this mammoth devel opment. I believe Baha Mar is not being upfront with the Bahamian people. It appears a s if the present government is caught between a rock and a hard place. T hey have been put in a p recarious position and left to defend a heads of agree ment the previous governm ent negotiated. In future, I shall return to this subject. However, the fee simplee state comment needs some clarifying. PAT STRACHAN N assau, September 21, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., ( Hon.) LL.D., D.Litt P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama TELEPHONES Switchboard (News, Circulation and Advertising WEBSITE www.tribune242.com updated daily at 2pm THE DEBATE on the number of Chinese to be employed on the construction of the Baha Mar Cable Beach project six hotels, about a 100,000-square foot casino, a 200,000 square-foot convention centre, 20acre beach and pool, 18-hole golf course and a 60,000-square foot retail village with additional residential products is going to be interesting, if and when it takes place on the floor of the House. The number of foreign workers required by the Chinese as part of the deal is unusually large. But it is well known that the Chinese do not approve foreign loans unless their workforce is employed as a major part of the loan project. In the case of Baha Mar valued at about $2.5 billion $1.918,965,693 billion has been negotiated with the China Construction Company as primary contractors. With that financial outlay it is amazing that government was able to negotiate any Bahamian presence. As Mr Ingraham said in presenting his resolution for this project to the House the foreign labour component intended during the construction for the resort exceeds levels ever experienced in the Bahamas and is beyond anything ever contemplated by my govern ment. Under the UBP, construction up to a certain value was reserved for Bahamian contractors. Over that value it was agreed that Bahamians did not yet have the expertise or equipment to handle very large jobs and so those were left to foreign contractors, such as McAlpine, Balfour Beatty and oth ers. In the 1950s, said Mr Ingraham, the government permitted 25 per cent of the labour force in construction and/or the operation of tourism development to be foreign. During the Pindling era, however, the foreign labour component increased and newspaper articles recorded protests, either by foreign workers complaining of working conditions, or Bahamians questioning their presence in the Bahamas. For example, in 1988, 600 angry Indians went on hunger strike on the construction site of the Crystal Palace Hotel, Cable Beach. They accused the foreign contractor, Balfour Beatty, of treating them as slaves. Earlier in 1981 the Construction and Civil Engineering Union picketed the construction site of governments $66.5 million Cable Beach Hotel. They import Filipinos to shovel sand. You tell me no Bahamans can do that? complained a Bahamian worker. There were 40 Filipinos on that job site. But the 1990 demonstration to protest the employment of common labourers truck drivers for example from Brazil on governments $55 million Nassau International Airport expansion was particularly interesting. The ratio of foreigners to Bahamians was 70 per cent on that construction site with government having to pay a large penalty if the number of Bahamians went over the agreed 139 or 30 per cent of the total work force. This prompted the carrying of placards that read: Its Better in the Bahamas for Brazilians! At one point during the contract there were more than 340 Brazilians at the construction site, bringing the Brazilian count to 71 per cent compared to the 139 Bahamians that the company had agreed to use during this period. The Pindling government had agreed that for every five Bahamians hired by the Brazilian company over the agreed 139 Bahamian workers, the government would have to pay $88,000 or $17,000 for each worker. In the House on April 30, 1990, then Opposition Leader Hubert Ingraham revealed that the Pindling government had also agreed to pay all of the Brazilian companys Customs and stamp duties, work permit fees for their workers, and building fees on mechanical and electrical permits. In addition government was to pay all public utility fees connections and the like except for the actual electrical consumption. The FNM found it preposterous that gov ernment would be penalised if more than 139 Bahamians were hired at the airport. It is incredible that the Government has agreed to pay extra monies for Bahamians to work in their own country, said the FNM. When the Ingraham government came to power its policy on foreign labour was estab lished on the resort properties of Kerzner International the ratio of Bahamians to non-Bahamians on that site was not to exceed 30 per cent foreign to 70 per cent Bahamian. And now here were the Chinese finan cially backing the transformation of Cable Beach into a mega tourist resort and asking for 8,150 of their countrymen to be engaged on the core project. The projection is that some 1,200 Bahamians will be engaged in construction of the non-core projects. Because of the unusual request for for eign labour 71 per cent foreign to 29 per cent Bahamian Prime Minister Ingraham has brought the matter to the House to give the Opposition an opportunity to express the opinions of their constituents on the matter. Both sides have to determine in the words of Mr Ingraham whether this invaluable benefit of skills transfer and improved exposure to new technologies can or will occur in a project where contact between Bahamians and foreign experts is likely to be limited. Bahamians also have to decide whether in these lean years this project, with its foreign labour, is what they believe will jump start their economy. Public deserves truth about the Baha Mar project LETTERS l email@example.com Foreigners on Bahamian construction sites EDITOR, The Tribune I am dumbfounded by the Dogs article in Monday's Tribune, which describes the "excruciating pain" of intracardiac injections for dogs being put down without prior sedation. When the time came, my big German Shepherd lay quietly in my arms as I watched Dr. Pat Balfe administer an injection in her foreleg. I looked up at his face and said, "How long will it be?" He replied, "Oh, she's gone already." I looked down at her, and saw that she had died without the slightest tremor. So why are dogs at the CCU not getting Dr. Balfe's injection? RON LIGHTBOURN Nassau, September 22, 2010. Why ar e dogs at the CCU not getting Dr. Balfe's injection?
B y REUBEN SHEARER T ribune Staff Reporter firstname.lastname@example.org NASSAU Agencies recall of Similac powder infant formula on Friday did not affect all of the popular b rands products, a representative told The Tribune yesterday. Barbara Donathan, account pharmaceuticals manager, told parents that not all Similac is bad. Products that have been found usable include all A bbott Nutrition liquid r eady-to-feed and concen t rated infant formulas and a ll powder and liquid spec ialty formulas, such as Simi lac Expert Care, Alimentum, Elecare, Similac Expert Care Neosure, Similac Human Milk Fortifier, and metabolic formulas for inherited disorders. The recall came after r eports emerged suggesting that millions of cans of the product with certain lot n umbers may have cont ained a small common b eetle or larvae that could irritate the digestive tract ofb abies who consume the m ilk powder. The brands on the safe list include: Similac Isomil Advanced (23.2 ounces Similac Go & Grow Early Shield, Similac Go & Grow Soy (22 ounces A dvance Early Shield (23.2 o unces), Similac Advance (12.9 ounces A dvance (12.4 ounces S imilac Advance Early Shield (12.9 ounces Advanced (12.9 ounces Isomil Advance (25.7o unces) and Similac Go & Grow with LCPs (12.9 ounces). While formula containing the beetles poses no serious health risks, there is a possibility that infants who consume it could experience g astrointestinal discomfort a nd refuse to eat as a result of small insect parts irritating the gastrointestinal tract, the United States Food and Drug Administration (FDA t hese symptoms persist for m ore than a few days, a physician should be consulted. Locally, there have been n o reports of babies cons uming the product, thanks t o the swift action of Nassau Agencies, the sole distributor. After hearing about the US recall, the company immediately contacted City Markets, Super Value, Lowes Pharmacy a nd dozens of other foods tores and pharmacies. People are bringing in t he cases that were not g ood, and changing with the g ood ones, Ms Donathan told The Tribune yesterday. "We were concerned thats ome stores wanted all stock removed which was not necessary. Only affected stock needed to be removed. C oncerned parents were advised by the company to refer to w ww.similac.com/recall/look u p, and type in their lot n umber to determine if their product is affected, or call( 1 800) 986-8850. T he lot number can be found on the bottom of the product container. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By ALISON LOWE Tribune Staff Reporter email@example.com T HE applications of a n umber of teachers who applied to teaching posts in North Andros had to be rejected because a police i nquiry into their backg round revealed concerns, a ccording to education offic ials. M inister of Education D esmond Bannister told The Tribune yesterday that t his was one of a number of factors that played into a teacher shortage at the North Andros High School, but despite these challenges i t is expected that the shortfall will be remedied within a week. H is comments came after V incent Peet, MP for North A ndros, issued a press statement in which he called on Mr Bannister who recent-l y toured schools in Andros to fulfill a promise to fill the teaching posts, and to address a deficiency in the number of desks and chairs at the school which he saidhas resulted in some stud ents having to sit on the g round during classes. Mr Bannister denied Mr Peets claim that there is as hortage of seven teachers, but he admitted that five weeks into the school term, not all posts have beenf illed, in part due to unexp ected departures. The math and English teachers left the school at the beginning of this new school year without officially resigning. They gave us no notice whatsoever. We only knew that they were gone when t hey did not turn up in Sept ember. Another teacher, w ho is a priest, was reassigned to another island byt he church. As a result we h ad to scramble for new teachers. Mr Bannister said the replacement of these teachers was slowed by three factors. These included the refusal of a number of teachers to be stationed inN orth Andros, and the lack of qualified Bahamian teachers in a number ofa reas, such as math. This year we also implemented a process of police vetting for the first time in history. Accordingly, no new teachers were placed until they had been vetted. I n fact, one of the teachers who was supposed to be sent to Andros could not be h ired as a result of the p olice report, added Mr B annister. District Superintendent f or schools in the North and C entral Andros area, Harcourt Davis, said that as far as he was aware more than one teacher had to be overlooked because of the findings of the vetting proce dure. With vetting system we h ave we wouldnt want to just go and because an applications there, just gett hat person and send them into the school before doing proper vetting. In one case we had three different per s ons for a subject area vett ed and when we checked into their characters, they were not fit. Its not that people are not coming forward, its just t hat we want to make sure w hen we get someone they c ome to stay and we dont h ave to ask them to return o r dismiss them, said Mr Davis. Mr Bannister said that notwithstanding thesep roblems teachers were identified for the school and s hould be arriving this week. B oth Mr Davis and Mr B annister confirmed the f urniture shortage at the s chool, and both put this down to the poor quality of furniture previously broughti nto the institution. Mr Davis said that the recent condemning of this non-durable furniture w hich was in poor condition, in conjunction with the expansion of North Andros H ighs school population f rom 461 to 500 the extent o f which was not fully anticipated exacerbated thee quipment shortage. M r Bannister added: I spoke to the shortage in parliament last week, and even tabled a document tos how that we have had to order thousands of items of furniture because of the defective furniture pur-c hased by the former administration. As the fur niture arrives it is being s hipped to all schools. AFTER not contesting the Long Island seat in the last two elections, the PLP last week took a first step towards re-establishing a presence in the constituencyby opening a branch office in the settlement of Dead mans Cay. Speaking at the reopening of the branch last Fri day, party leader Perry Christie told the crowd of supporters that one of the mistakes he pledged to cor rect at the last national convention was the fact that Long Islanders did not have a PLP option in the last few elections. The party supporters said the Deadmans Cay office is only the first of a number of PLP branches planned for Long Island. The new headquarters of the branch are located on the property of Ruth Watkins, who was elevated to the rank of stalwart coun sellor on the occasion. Mrs Watkins has been a mem ber of the PLP from its inception in 1953. Party chairman Bradley Roberts promised Long Islanders that when the PLP returns to office, with or without Long Island as a PLP seat, they would once again receive their due and rightful benefits as citizensof the Bahamas. He promised that Long Island would be fought for just as hard as any other seat up for grabs. Mr Christie also pledged a continued commitment by the PLP to find ways to stimulate the economy of Long Island, which has been home to some of the coun trys greatest builders and artisans. PLP deputy chairman Alex Storr theorised that a PLP win could only occur if the many FNMs on the island who are upset with their current MP could be convinced to vote PLP. The partys vice-chairman for Family Islands Randy Rolle said that opening this particular branch was done at this early stage to send a clear message that the PLP will not be taking any com munity for granted. He said the party will continue to work closely with the branch on Deadmans Cay and will be moving swiftly to establish more branches in the north and south of the island very soon. The Deadmans Cay branch will be the sister branch of the Yamacraw constituency and plans are already under way for a branch-to-branch visit in the near future, the PLP said. A 21-YEAR-OLDman of Rupert Dean Lane was arraigned in a Magistrates Courty esterday on weapons charges. Shawn Brown, 21, was arraigned on two counts of possession of a firearm with thei ntent to endanger life. It is alleged that on Friday, September 10, he was found in possession of a firearm with the intent to endanger the lives of Noel Roker and Naika Ferguson. It is also alleged that Brown caused $500 in damage to Rokers bedr oom window and wall. Brown, who appeared before Deputy Chief M agistrate Carolita Bethell in Court 8, Bank Lane, was not required to enter a plea to the charges. B rown pleaded not guilty to assaulting Kenya Ferguson with a chrome handgun on Monday, August 23. He was remanded to Her Majestys Prison. The case was adjourned to October 8, when he is expected back in court for a bail hearing. Ruper t Dean Lane man on w eapons charges Teaching applications were rejected due to background concerns Similac powder infant formula recall did not affect all brands products S CHOOLISSUES: D esmond Bannister and Vincent Peet PLP opens new branch office in Deadmans Cay
RECOGNISING that no matter what his government says or does, the Opposition will oppose, Prime Minister Hubert Ingraham gave the House a progress report on his governments infrastructural accomplishments while moving a resolution to borrow $60 million from the China ExportImport Bank to construct a four-lane highway for Nassau. He said that regardless of the naysayers his government was not going to be distracted. It would continue to do whatit is now doing. In the House on September 22, Mr Ingraham also reported on the progress at the airport, the needs of BEC, Nassaus water problems, the infrastructure for the justice system and the new national stadium. We are well advanced on the new US departure terminal at a cost of more than $200 mil lion, he told the House. We are the Party that created the Airport Authority. We are the Party that created the study and the plan for Nassau International Airport, and we are the Party that is carrying out the development. As soon as the US departure terminal is completed next year, we will begin the new international terminal and then we will begin the new domestic terminal. People coming to Nassau will know that we are different, and that, yes, it is Better in The Bahamas. In view of that, we are not going to be distracted from our principal purpose by naysayers. Quite frankly, he said, no matter what we say or do, the o ther side is opposed to it. And we understand they are in opposition to us and they do not wish for us to succeed. What is good for The Bahamas may or may not be good for their political interests. But that is a judgment for the people of The Bahamas to make. But for so long as we have the opportunity to occupy these Offices of State, we shall continue to do that which we are doing. We are doing so at the airport; our principal port of entry, and we are doing so on our waterfront at our principal port o f entry for shipping. Con struction has commenced on t he new port development on Arawak Cay, and I invite Members from time to time to drive out there and see what is going on and to see all of the old cars, (scrap things that are being removed from that place so that eventually, we will remove freight hand ling from the city of Nassau. BEC AND WATER WORKS Ours is a very difficult job to do, he said, because the infrastructure of Nassau is inadequate for its population and for its development. We have a n electrical company, BEC, that has over 100 megawatts of generating capacity that sits idle because of a lack of maintenance over the years. We do not need to buy new engines for BEC; we can repair them and keep them in good shape. It is going to cost hun-d reds of millions of dollars to bring BEC back to where we left it when we were last in office, when it used to make $16-20 million in profit every year, and now it is operating hand-to-mouth, day-to-day, it cannot even afford to buy fuel. BEC just had to borrow $50 million from First Caribbean Bank to pay for fuel. But in order for them to borrow the money, the Government had to sign a letter that says 'I am now going to pay BEC $1 million per month for street lights and I am therefore going t o commit to paying the $1 mil lion per month for 60 months.' On the basis of that, BEC is able to borrow $50 million, because BEC is no longer in a position to be able to borrow on its own. When we were in office up to 2002, BEC no longer needed t he Government of The Bahamas to borrow money. It had matured, it had developed and it was able to do normal banking business and obtain loans on its own. Five years under your (the PLP) leadership, has put BEC in a state that it is in today. We have got massive prob lems with the water situation in New Providence. We are spending some $10 million to put in additional water mains along places like Robinson Road. It is causing inconvenience to the public and the public isa gitated, and we apologise. But it is a job that must be done. It cannot be that people in eastern New Providence cannot get reasonably clean water and that the pressure has to be so low. But ours is the task to fix these things, because quite frankly, I have great difficulty in countenancing that if we do not do it now, who will do it. It takes a lot of nerve gumption, they say to do what we are doing. We do so in the face of opposition, condemnation, by the very people who are going to benefit most from it. Everyday, every time they are stuck in traffic, they cuss Hubert Ingraham. But this is what needs to be done in The Bahamas. We are busy putting in the new straw market on Bay Street and it is coming on quite well. JUSTICE SYSTEM INFRASTRUCTURE We are having to also, at the same time, pay attention to the Supreme Court of The Bahamas the highest court in our land, Mr Ingraham told the House. We are having to spend more than $20 million this year for premises for the Supreme Court. The building on the corner of Bank Lane and Bay Street (the Hansard Building converted to courts for the Supreme Court. Ansbacher House, which the Government bought, is now being converted for two Supreme Courts and eventually six Supreme Courts. We are seeking to complete work on the new 12 Magistrates Court complex on Nassau Street. THE NEW NATIONAL STADIUM We are stuck with having to put in the infrastructure for the new sports stadium, said the Prime Minister. The People's Republic of China was kind enough to donate to The Bahamas a sports stadium. It is said that it cost $30 million. It is going to cost us $50 million of borrowed money to put in the infrastructure to make the place functional. The Chinese are only build ing the shell. We have to build the roads, put in the sewerage, the water, the electricity, the parking lot and landscaping. So we have to spend more money to make the place functional than was spent to build it. We have to, as a result of commitments made to Baha Mar, find between $45-50 million of public money to con tribute to them toward the infrastructure they have got to put in on Cable Beach for their development. We have huge require ments. Yes, we need a new hospi tal and yes, it is our hope and expectation that eventually we get a new hospital; it has taken too long. The reality is that we made choices over the years. The money we flittered away on the Hotel Corporation and other excursions in the private sector could easily have caused us to be in a position to build a new hospital at a cost of $300400 million. But the reality is that we do not have it anymore. NEW 4-LANE HIGHWAY PROJECT So, we are now embarking upon a programme to create this new four-lane highway from Nassau International Airport into our city centre, he said. When people come to The Bahamas in the future many people talk about the positive impacts it is going to have on Bahamians and they are going to go to the hotels on Cable Beach, they are going to be able to come on this fourlane highway and turn north by Gladstone Road. If Baha Mar goes, as we expect it will go, there will be a new highway going north. I told the Leader of the Opposition that I intend to name that road after him; that I intend to name that road Perry's Way. So, a visitor coming to Nassau would be able to take that four-lane highway, and go north to the Cable Beach development or alternatively, going to Paradise Island and continue up to the six-legged roundabout at Bethel Avenue and go north coming out to Saunders Beach and see the beautiful vista. Hopefully the taxi-drivers, when taking them back to the airport will go the other direction so that the visitor will see that there is no place anywhere in the Caribbean where there isa more beautiful entry into the city than there is in Nassau. When we talk about improving the product, we are also talking about the physical environment. The entire land scaping contract of the highway will be done by Bahamians. We have listed all the trees that could be planted, we are going to have the opportunity for people to be able to ride their bicycles, there are going to be sidewalks. We are on our way to a new place. Bahamians will do the landscaping and Bahamians will build the road. The road is not being built by the Chinese. $20 million of the $60 million contract is for the infrastructure in respect of the utility companies BEC, BTC and Water and S ewerage. In the case of water, the new 24-inch main along this highway will literally provide water for the entire West of New Providence Cable Beach, Skyline, Stapeldon, Oakes Field, Yellow Elder, and will also connect to the water main that is on Harrold Road, and connect to the main we are putting in now at Robinson Road. And people who live in eastern New Providence and elsewhere will be able to have good pressure and clean water. If the Baha Mar project goes, as I say we expect it will, this is the only means by which we can supply the water from Windsor Field to Cable Beach and elsewhere. The new high tension wires will all be buried underground in the median. There will be no more digging up of roads to repair damaged infrastructure. We have a tight schedule and so we have a project that is going to begin in January 2011 and be completed by October of the following year. We have terms and conditions in the con tract for penalties. We know precisely what work the non-Bahamians can and will do. We will be able, for the first time, to have a totally planned major public infrastructural project that can be costed out. We are still planning the New Providence Road Improvement Project. When we were in office the last time, we hired a company. Those on the other side hired people to do the plans because we gave a construction plan and contract and they did not like that, but the planning is not complete yet. This project is completely planned. The utility companies will have the ability to certify or approve the quality of items being put in. If the exports from China meet those standards, they will go in and if they do not, then they will be accessed elsewhere. About $14 million is expected to be spent out of the $60 million in respect of import of materials for this job. That is on top of the $20 million for the utilities. We expect that the number of Bahamians who are going to be employed there will be in the order of 120 or more. CHINESE FINANCING We are very grateful and pleased that the Government of China has agreed to make available to the Caribbean loans totalling some $1 billion (US lion was allocated for accessing by The Bahamas. We have sought to use the first $60 million or so of that concessional loan to put in this four-lane highway. We are quite aware that a part of the conditions of lending by Chi na, is for them to be able to sell manufactured goods and for them to be able to provide employment for some of their people. We are also quite aware that The Bahamas is unable to borrow from anywhere at anytime at interest rates of 2 per cent. We are also aware that a loan that will save the taxpayers of The Bahamas at least $30 million (US to any other loan that we can get, is an attractive proposition. We also think that the involvement of Bahamians in the project will be substantial. We are satisfied that we are making the right choice for The Bahamas. When in 1997, it was my good fortune as Prime Minis ter of The Bahamas at that time, to decide that the PLP Government had taken us along the wrong track, because they had recognised the Gov ernment of Taiwan as the Government of all of China, and they have even named an Ambassador to go to Taiwan I had the occasion to tell them here in this House not to bother with that because we intend ed to change it, and we did. We determined that the People's Republic of China was the Government of China. We accepted the One China Policy, and we have received a lot of benefits as a direct result of us doing that because we were the one country that did so unconditionally. I gave instructions to my Ambassador in the United States to engage the Chinese Ambassador, to let them know that we had decided that we wished to recognise the Peo ple's Republic of China as the Government of all of China, and that we did so without any condition whatsoever. I hear the Member for Farm Road and Centreville say that he got the gift for the stadium for The Bahamas. Well, without a recognition of Chi na, there would be no opportunity to do so. We want the Chinese Government to know and we want the Chinese people to know, that the Government of The Bahamas and the people of The Bahamas are deeply appreciative to the Chinese Govern ment for what they are making available to The Bahamas. And that those in Opposition to us, who do not support what we are doing, do not speak for the majority of the Bahamian people; we are speaking for the majority of the Bahamian people and we are therefore most pleased to move a Resolution for the Govern ment of The Bahamas to bor row from the Export-Import Bank of China the sum of the equivalent to $60 million (US which will require us to pay interest only during the first five years and the next 15 years we would pay principal and interest. We are getting it on terms that are not available anywhere else, and we thank the Bahami an people very much for the opportunity given to us to do the good work we are doing. By our deeds they know us. The things we do speak for us and speak louder than any other noise that can come from any other source, Mr Ingraham said. C M Y K C M Y K LOCAL NEWS PAGE 6, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM %4+2674'*17)*6 PM gives infrastructural progress report in House N EWSTADIUM: T he prime minister said of the project: The Chinese are only building the shell. We have to build the roads, put in the sewerage, the water, the electricity, the parking lot and landscaping. PROGRESSREPORT: Hubert Ingraham
C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM MINISTER of Labour and Social Development Senator Dion Foulkes congratulated the organisers of the Family Violence Summits mens forum for addressing violence in general and gender-based violence in particular. Speaking at the forum last Friday, Mr Foulkes said that gender-based violence has traditionally been defined as violence involving men and women, in which the woman is usually the victim, and which is derived from unequal power relationships between men and women. It includes, but is not limited to, physical, sexual and psychological harm, including intim idation, suffering, coercion, and/or depriva tion of liberty within the family, or within the general community, he said. It has been identified as the most pervasive human rights violation of our time. Senator Foulkes noted that men are said to be main perpetrators of violence. Certainly, the steady rise in crime and in particular violent crime throughout the Caribbean and in the Bahamas is primarily a male phenomenon. He said that Her Majestys Prison is full of men and increasingly young men. The minister told the male audience that he is convinced men must play a large role for peace and harmony to be achieved in homes around the country. The unacceptable level of violence in our homes and by extension our country is a real ity that we as men must address and change, he said. During the forum, he said the participants should take an introspective look at the Bahamian male and ask the hard questions. How do we define male/female relationships? How is Bahamian manhood demon strated? What is accounting for the disparity between the sexes in tertiary education? Is it more important to show that you can control others? Senator Foulkes said he is aware that while there are a large number of men who are per petrators of violence, some men are also vic tims. Many of these men are reluctant to identify themselves as victims of abuse because of the stigma attached to this process, and they have been conditioned by society to perceive themselves as being in control of their emotions and their environment and should not have to reach out for help, Mr Foulkes said. These societal expectations make male vic tims reluctant to discuss their experiences openly. The minister commended one of the facili tators at the forum, Dr Peter Weller, Founder of the Caribbean Men Action Network (CariMAN), who be will launching the Bahamas branch of the Network. Senator Foulkes noted that the work of the organisation includes an understanding of manhood, male/female relationships and how to promote healthy development in the countrys young men. The mens forum was held on the last day of a three-day workshop sponsored by the Ministry of Labour and Social Development. Representatives from the police, the Attor ney General's Office, Sandilands Rehabilita tive Centre, Princess Margaret Hospital, the Departments of Public Health and Social Services, the Ministries of Education and Youth, the College of the Bahamas, the church and many non-governmental agencies involved in the work of the family took part in the summit. It is expected that a national draft plan of action to confront violence is developed as a result of the summit. By DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org FREEPORT Convicted k iller Angelo Rahming was s entenced to life in prison for the murder of Troy Seymour, a local pastor who was brutally murdered in Eight Mile Rock in November 2006. R ahming, 28, of Hanna Hill, E ight Mile Rock, also r eceived a 20-year prison sentence for armed robbery. The sentences were handed down by Justice Hartman Longley in the Supreme Courtl ast Thursday. R ahming pleaded guilty to murder and armed robbery in May of this year. However, his attorney Wallace Rolle filed an application in the Supreme Court that sought toc hange his clients guilty plea to not guilty. J ustice Longley rejected the a pplication after hearing submissions from Mr Rolle and Crown Prosecutor Vernal C ollie. A person can change his plea at anytime before sen t encing, however, it is at the judges discretion. The accused claimed that h e was intoxicated at the time he entered his guilty plea. Mr Collie argued that Rahmings e vidence should not be b elieved because he not only admitted guilt to the offences, but also expressed remorse to t he probation officer. He urged the judge not to allow Rahming to change his plean ow. I n September 2007, Rahming was charged with Cruz Kemp for Seymours murder. H owever, charges were dropped against Kemp in exchange for his testimonya gainst Rahming. M r Collie described Sey mours murder as a brutal, heinous and senseless act. A ccording to the prosecutor, Seymour was shot three times while fleeing and s tabbed more than 30 times after being shot. Mr Collie said that the pros ecution would have asked for t he death penalty if the matter h ad gone to trial. He noted that because the accused pleaded guilty and did not waste the court's time and had expressed remorse, the Crown decided not to pursuet he death penalty. T roy Seymour, a pastor at Mt Zion Baptist Church, was employed as a delivery man for KFC Restaurant. Seymour drove a white company truck and picked up money every Mondays and Thursdaysa t KFC. Rahming told Kemp of his plan to rob Seymour. On November 13, 2006, Rahming had Kemp drop him off near the Texaco Service Station, w here he flagged Seymour d own for a ride. Seymour had just left KFC with a bag of money to be deposited at the Bank of theB ahamas. As Seymour was driving along Bayshore Road, Rahming pulled out a gun and shot him. Seymour jumped o ut of the truck and ran to a house for assistance. Rahming c hased after Seymour, shooting him twice more. He fol lowed Seymour inside a h ouse, where he stabbed Seymour multiple times about theb ody. R ahming then ran back to t he truck and grabbed the bag o f money. Police were able to retrieved Rahmings thumb p rint from inside the truck. Rahming boarded a Westin Air flight to Nassau onN ovember 13, 2006. He was arrested by police in Nassau on September 24, 2007. He told officers that he did not w ant to hurt Seymour, but S eymour attempted to take the gun from him and the gun w ent off. Deborah Cox-Strachan, chief probation officer, said probation officer Trina Careyi nterviewed Rahming while he was incarcerated in New Providence. She said the probation report was completed on July 2, 2010. Mrs Strachan said in the report that Rahming a dmitted to the crime and e xpressed remorse. He said he wanted to rob Seymour not kill him, but got caught up. A life was taken a nd family experienced e xtreme grief in view of this it is recommended that the court grant a sentence to reflect the seriousness of his behaviour, s he said. The Crown is not seeking the death penalty due to the fact that the defendant pleaded guilty to murder and armed r obbery, but had the matter p roceeded to trial the Crown would seek the ultimate penalty of death, said Mr Collie. Man gets life sentence for pastors murder NEW NEMA WAREHOUSE EXPECTED TO IMPROVE RESPONSE TIMES V a n d y k e H e p b u r n / B I S RESPONSE times during disasters affecting Grand Bahama and the Northern Bahamas are expected to be improved with the establishment of a new warehouse for the National Emergency Management Agency (NEMA Speaking at the Northern Bahamas Disaster Conference in Freeport last week, Works and Transport Minister Neko Grant said that authorities are seeking to improve their response time in the coordination of relief efforts in the after math of a disaster. To this end, action is presently being taken to finalise the transfer of ownership of a parcel of land to the government of the Bahamas by the Grand Bahama Port Authority. The land will facilitate the construction of a warehouse to be utilised by the National Emergency Management Agency. This will enable local disaster response teams to quickly mobilise in assisting disaster victims in Grand Bahama and the Northern Bahamas through immediate assessment of needs, rational distribution of supplies, and pro jection of future needs of the affected communities, he said. Mr Grant, who is also the MP for the Lucaya constituency, was delivering the closing remarks at the three-day conference which opened at the Our Lucaya Resort last Tuesday and was sponsored by the United States Northern Command and the United States Embassy, while the National Emergency Management Agency and the Pacific Disaster Centre designed and conducted the training sessions. The conference focused on a number of topics including the role of the US Northern Command, the Pacific Disaster Centre, the role of the Met Office, disaster response and mental health, hurricane preparedness and infrastructure and more. Participants also carried out a case study on the Haiti earthquake and the Grand Bahama tornado, as well as a risk and vulnerability assessment. The three-day event attracted senior government and local government offi cials from Bimini and the Berry Islands, North Andros, Abaco and Grand Bahama, officials from NEMA based in New Providence, as well as the Red Cross, Department of Social Services, police, Defence Force and others involved in disaster management. Addressing the gathering last Thursday evening, Mr Grant noted that the staging of the workshop is timely as we approach the mid-point of the hurricane season. A Grand Bahama native, Mr Grant reminded the gathering that during 2004 and 2005 with the arrival of Hurricanes Frances, Jeanne and Wilma, residents of the island experienced severe to catastrophic weather conditions, and that the damages inflicted by those hurricanes resulted in significant personal loss and financial hardship. Five years later, the island has made much progress in its quest to return to its normal state. The repair of damaged infrastructure in the communities adversely affected by the hurricanes has been given priority, he said. Mr Grant advised that these recovery efforts have included miscellaneous road works, repairs to public buildings and reconstruction of cemeteries. Most recently, he said, the government has moved ahead with the construction of the Eight Mile Rock seawall and elevation of adjoining land to accommodate a new Fish Fry village and cultural cen tre. CONFERENCE: Minister for Works and Transport Neko Grant is pictured (centre t or, and several of the participants in the Northern Bahamas Disaster Conference which closed out last Thursday at the Our Lucaya Resort. The three-day event attracted participants from Bimini, Berry Islands, North Andros, Abaco and Grand Bahama. MINISTER of Labour and Social Development Dion Foulkes participates in an exercise organised by one of the facilitators Dr Peter Weller, Founder of the Caribbean Men Action Network (CariMANFamily Violence Summits mens forum held at the Paul Farquharson Conference Centre, Police Head quarters, Friday, September 24. Organisers praised for bringing men together to discuss gender-based violence
THE Grand Bahama Port Authoritys newlyformed group, the GBPA Volunteers, recently spent an afternoon with kids of t he Grand Bahama Child rens Home (GBCH T he GBPA volunteers organisation was the brainchild of GBPA president Ian Rolle, established as a means of giving back to the community. In keeping with its mand ate, over 20 GBPA volu nteers spent time with the almost 30 residents of the c hildrens home. T he children were treate d to games like Bat-nBall, as well as various b oard games and enjoyed t asty treats from the grill. As a group we decided t o spend quality time with the kids at the centre. A lthough physical donations are important, nothing surpasses human inter-a ction and one-on-one time with the kids, said GBPA Volunteers president Kendra Clarke. In an effort to make it happen, the group also d onated much-needed s chool text books to the h ome. Additionally, several GBPA volunteer members signed-up to assist with weekly homework and reading at the centre. Administrator of GBCH B rennamae Cooper said s he was overwhelmed by the outpouring of support b y the GBPA Volunteers a nd their kind gestures. It is certainly an honourable thing when people c an reach back into thems elves and offer so much to others who are in need. Y our good deed will certainly go a long way in a ffording our children the opportunity to live better lives. On behalf of the grateful children of the Grand Bahama Childrens Home, I extend sincere gratitude to you, the fine volunteers of the Grand Bahama Port A uthority, Ms Cooper s aid. G BPA vice-president Ginger Moxey commended the volunteers for the groups inaugural efforts. The level of support by the members truly demonstrates their commitment t o undertaking various p rojects to improve our c ommunities. Their decision to give of their timea nd energies is rewarding f or both givers and recipients, she said. C M Y K C M Y K LOCAL NEWS PAGE 8, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM GBPA volunteers donate time to childrens home PRESENTATION: In an effort to give back to the community, the recently formed GBPA Volunteers donated new school text books to the Grand Bahama Childrens Home. On hand for the presentation were some of the newly elected officers and members (l-rS ergio Armaly, sergeant-at-arms; Shenae Albury, treasurer; Kara Cartwright, secretary; Sarah Cooper, social officer; Kendra Clarke, president; Crystal Woodside, secretary, GBCH; Rhandrea Fox, vice-president; Nicole Colebrooke, member; Margaret Williams, membership representative; and Telina Smith, member. LUNCHTIME: Members of the GBPA volunteers employee group s erve up lunch for kids of the Grand Bahama Childrens Home during a fun day at the facility. Pictured (l-r N eely, assistant sergeant-at-arms; and Sarah Cooper, social o fficer.
custody, they are confident that intelligence being gathered will soon lead to an arrest or arrests. "We are still investigating the matter, it's still open. We're looking at some good information which we feel we will be able to work with, and from that bring some resolu tion to the case," said Glenn Miller, Assistant Commis sioner in charge of Crime. Nearly two weeks ago Rashad, an eighth grade T A Thompson student, was waiting at a bus stop at John Road with other students when a fight broke out at about 4pm. A short time later gunshots were fired. The boy was reported to have sustained injuries to the left side of his head and was t aken to hospital by ambulance. H is parents believe Rashad was at the wrong place at the wrong time, and another victim of the senseless violence sweeping the country. Yesterday Mr Miller could not say who police suspect was the intended target of the bullet, nor if they suspect the shooting to be gang-related. "We have some good information, intelligence information that we're trying to piece together. We wouldn't know the exact (target the intended target until we get all the players in custody," he told The Tribune "I don't want to be quick to say if it was gang-related or not, we are analysing our information as we go along". A $2,000 reward has been offered by the Bain and Grants Town Association to encourage persons with information on the shooting to contact police. At last report, Rashad had regained consciousness aftera short coma, a move his doc tors described as "miraculous".A bullet passed through his head damaging parts of the brain that control speech and movement. Recently his parents spoke of their relief at seeing their son regain consciousness, nodding his head, to signal he knew they were present. Rashad's father, Gregory Rolle, a 45-year-old self-e mployed mason, and his mother, Janet Taylor, a 44year-old janitress, have said the events on that tragic day have changed their entire world forever. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By NATARIO McKENZIE Tribune Staff Reporter email@example.com THE trial of a man accused of murdering his former girlfriend and leaving her body in a grave in the Bahamas Veterans Cemetery began in Supreme Court yesterday. Angelo Poitier, 24, is charged with the murder of 19year-old Shenice Adderley, whose body was found in the Infant View Road cemetery on May 27, 2009. Prosecutor Sandra Dee Gardiner told jurors that the prosecution will present evidence showing that Adderley and Poitier had been in a relationship that ended several months prior to her death. She added that the prosecution also intends to present evidence to show that Adder ley had started a new relationship, and because of this Poitier killed her. First on the witness stand yesterday was Detective Corporal Marvin Cargill. He told the court that he went to the Veterans Cemetery around 7am on May 27, and was directed to the partially closed grave of Audley Humes. He told the court that he noticed drag marks at the southern entrance of the cemetery, which continued to the grave. The officer said he also noticed a disturbed area of vegetation near a wall and a black and white tennis shoe. Corporal Cargill told the court that inside the grave, he saw the body of a young woman. He said the woman had drag marks on her body and had suffered a stomach wound. The officer said he photographed the scene and directed jurors through those photographs yesterday. The trial is expected to continue today before Justice Vera Watkins. Deputy Direc tor of Public Prosecutions Franklyn Williams, Yoland Rolle and Sandra Dee Gardiner are representing the Crown. Poitier is represented by attorney Terrell Butler. B y NOELLE NICOLLS Tribune Staff Reporter firstname.lastname@example.org A GRIEVING son was arrested after his father, Reginald Cisco Smith, was shot and killed by a police officer. Nardo Smith confronted p olice officers on the same day of the police walkabout downtown, making accusations against the officers while using profanities. A downtown worker, who said she was giving the police the benefit of the doubt, said the son was handcuffed and t aken to the Central Police Station to quiet him down. Superintendent Wayne Miller, officer in charge of the Central station, said Mr Smith was arrested on the matter of obscene language. He was only held briefly in custody before being released without charge. I had an opportunity to speak with him. He was very apologetic, but expressed his frustration. We explained to him the circumstances around his fathers death and he accepted that and was extremely apologetic about his behaviour, said Mr Miller. It was against that backdrop, we decided not to charge him after he was very apologetic for his behaviour. We made note of it, but decided that under the circumstances we understood, he said. The matter of the police shooting on Thursday is stillu nder investigation by the Central Detective Unit, according to Assistant Commissioner of Police Hulan Hanna. Although matters of that nature usually go before the Coroners Court, M r Hanna said the police investigation is not complete. Some downtown workers are still in disbelief over the death of Cisco who they describe as a Bain Town boy who fell on hard times. He was not a vagrant, said one worker. Trust me, I went ballistic when I found out who it was. He was a nice person. He is not a violent person. Hell walk around and sit there. He might ask me for a cigarette. He dont bother with one soul, said another worker. He was known to be a form er taxi driver. The day he died seemed like a routine day to workers, who said he stopped to visit his brother, George Smith, a security officer at the British Colon ial Development Company, before making his usual rounds. George said he saw his brother 20 minutes before the shooting. When he heard about a shooting downtown, he assumed it was someone troubling the tourists. I know my brother dont bother with the tourists, so I didnt think it was him, said George. He was in disbelief when he finally learned it was his big brother. He said Cisco would always stop to hail him at work every day, before catching a bus backt o Bain Town. Sometimes George would give his brother lunch or bus fare. Cisco was working on the construction of an apartment building on Polhemus Street, w here the family grew up, and had only completed the foundation. He would also check on a shop building in the area he owned that was now closed, said George. The Tribune was not able to contact Ciscos wife, Paulette Smith or their five children forc omment. A downtown worker said Cisco was a respectable man, who did not trouble anyone. If he was hanging around downtown, he is a Bahamian and has the right to be anywhere he wants to be, she said. Bahamians are not to beh arassed in their damn country by police for nothing. Son arrested after father shot and killed by police Trial of man accused of murdering former g irlfriend begins nomenclatures, but not in essence to get away from the various ranks within the prison. The minister added that the intention is not to create another bureaucracy outside of the prison. He said the government is in the process of assessing and streamlining people into a leadership track, including the chief officer, principal officer, sergeants and some corporals, to create a system similar to the one now operating in the Royal Bahamas Police Force. This would be separate and apart from the normal staff development training that is conducted in the prison, and would, he said, place those who are showing the aptitude on a fast track to senior positions, including the top job. Criticism has been levelled at Prison Superintendent Dr Rahming by the PSA for what they say is his failure to plan for the future. Dr Rahmings strategy for succession planning has been to increase the overall standard of performance for officers throughout the ranks by doubling, perhaps trebling the level of training we have exposed staff too. He claims it is not his call to hand-pick particular individuals for the top jobs. The governments plan involves having potential leadership candidates spend time attached to US prisons and undergo formalised training, such as prison management courses organised through the Caribbean Basin Security Initiative (CBSI minister. We would like to have a streamlined structure at the prison and we are working towards that. Unfortunately we cant do everything at the same time, said Mr Turnquest. He said the public should bear in mind that the four top men in the police force, Elliston Greenslade, Marvin Dames, Hulan Hanna and Quinn McCartney, were identified in the mid-1990s as top flyers by the then Commissioner B K Bonamy, and this view was reinforced by his successor Commissioner Reginald Ferguson. Mr Turnquest said it was not until some 15 years later that all four of them assumed the top leadership positions. Once identified as likely leadership candidates, Mr Greenslade and Mr Dames were sent to Canada for training before they were respectively made commissioner and deputy commissioner of police. At the end of the day, Mr Turnquest said, rehabilita tion for reintegration into society is really the focus we are moving towards. Suc cess will be measured based on the extent to which the prison is a facility where we can have true reform and rehabilitation. We do support the move from a basic lock-up mental ity to a corrections mentali ty. People who go to prison, who are sentenced to prison, are sentenced to pay a debt to society for a crime they would have committed. So there is no question that prison is a punishment, but in order to ensure it does not become a revolving door, to ensure the recidi vism rate is not a very high rate, we have to ensure there are rehabilitative efforts taking place, and to ensure basic human rights of incarcerated prisoners are adhered to. D raft prison bill to be released before end of year, says Minister FROM page three police have confirmed. Meanwhile, a man who was injured in the Yellow Elder shooting is being questioned in connection with the murder of 27-year-old Marco Smith, in Ridgeland Park, hours earlier. Several sources yesterday suggested Smiths killing was over an outstanding balance of $40 on a quantity of marijuana and a lawnmower. These latest developments regarding the questioning of the Yellow Elder man and the prisoner confirms The Tribune sources claims that police suspect the two daylight attacks are linked. The Yellow Elder shooting, which saw a brother and sister injured when their Honda Accord was shot at multiple times at around 4pm Saturday was alleged to have been carried out in retaliation for the earlier killing. Initial police reports told of how officers received word of a shooting on Colleton Street in Ridgeland Park west at around 2pm. On the scene, the lifeless body of Marco Smith was discovered on the ground outside a house where he had gone to get something to eat. A man with dreadlocks was said to have ambushed Smith as he approached the house. A man with dreadlocks was later seen leaving the area on a bicycle and police appealed to any witnesses who might have seen the man to come forward. Janice Smith Butler, Smiths aunt, yesterday told of how her nephew whose body she identified in the morgue had been struck by at least six bullets. Around two hours later police reported that two people sitting in a car in Yellow Elder a brother and sister were shot at. The injured pair drove to Princess Margaret Hospital to seek treatment, leaving their bullet-riddled Honda Accord parked outside the Accident and Emergency Unit. The hospital was soon after placed on lockdown for security reasons for around two hours, ending at around 6.45pm. The brother and sister were still being treated under police surveillance yesterday. What was not initially reported was that it is believed that the prison inmate, who was participating in the prisons extramural work release programme that sees a select group of inmates allowed to go off prison property during the day to undertake paid employment at private establishments, was allegedly with Smith at the scene of his death, despite it being against prison regulations for him to have left his work site and not returned to Fox Hill prison. The pair were friends, it is alleged, with Smith also having served a prison sentence. It is not clear when the inmate who is believed to have gone to the Ridgeland Park area with Smith after leaving his Bernard Road worksite against prison regulations received his gunshot injury, although sources suggest it may have been at the scene of the Ridgeland Park murder of Smith. The incident has brought to the fore further concerns that this newspaper understands existed among law enforcement officials about the integrity of the prisons work-release programme, in terms of who is selected to participate in it and supervision of those in it while at their work sites. SEE PAGE 3 F ROM page one Arrest hopes FROM page one Prisoner is questioned over shooting
C M Y K C M Y K LOCAL NEWS PAGE 10, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM bring them together, and if its education then we need to reach the young ones and teach them a better way, she said. If you could try and get them involved in positive activities. I believe if I teach you to fish then we can all live in the same community and I wont be bombarding you or you bombarding me. While speaking at the opening of a new after school programme at her con stituency office, the former Minister of National Security voiced concerns over troubling reports of youth vio lence. According to Mrs Pratt, the brazen daylight murder of 27year-old Marco Smith, on Sat urday afternoon, is just one of many retaliation acts the children in her constituency tell her take place on the streets nearly every day. Mr Smith was shot in the head when he and a friend were allegedly ambushed by two men on bicycles. It was reported that Mr Smith and his friend had stopped for something to eat on Colleton Street, Ridgeland Park west, when the incident eye witnesses described as a hit-type killing occurred. Mrs Pratt added: Im really concerned about the rival ries in the area. I just want them to live in peace, because its not good for any of us. We have to try and bridge the gap through education. The opportunity is here, now we have to try and encourage them to get involved, and realise there is a future for them. Frederick Wood, a 44-yearold auto mechanic, and his wife Maria Gibson-Wood, a selfemployed interior decorator, told The Tribune of the ultimate devastation they experienced when they returned to find their home completely demolished. They had put every cent they had into purchasing land on the new subdivision being developed south of Charles W Saunders Highway and building a home they and their four children could call their own. The statement by Arawak Homes explained that the demolition of the Woods home referred to as an incomplete structure in Sir Lynden Pindling Estates was the consequence of a complex process that spanned over a quarter of a century. The statement read: The basic position is that there was, and continues to be, widespread trespass on property owned by Arawak Homes. This is fully established in law by multiple rulings of the Supreme Court, dating back as far as 2003. On Friday, in the presence of officers, security guards handed Mr Wood a copy of a Supreme Court ruling showing Arawak Homes Limited as a plaintiff, John Sands as the first defendant, and Smith, Smith & Co (sued as a firm ond defendant. However, at that time Mr Wood said all the names listed in the ruling were meaningless to him. He also noted that the document did not bear an official stamp. Franklyn Wilson, chairman of Arawak Homes, brushed off questions put to him yesterday about Fridays demolition, and told The Tribune he had a lot of issues to deal with and couldnt deal with it right now. At that time, Mr Wilson neither denied nor confirmed his companys involvement. The press statement added: All relevant parties have had their day in court, particularly since these above mentioned rulings were preceded by others which went all the way to the Privy Council. Despite the strength of its legal position and in keeping with its corporate policy, since 2003, Arawak has given the particular trespasser numerous opportunities to cooperate in curing the trespass by means other than what transpired on Friday past. Unfortunately these efforts were generally resisted, some in ways which threatened the personal safety of employees of the company. The Wood family maintain Arawak Homes gave them no notice of the demolition to their dream home, which took their family over eight years and all their finances to complete. The building, which was in its final stages of completion Mr Wood planned to go to Town Planning this week to apply for electricity was said to have been fully furnished, housing memories and belongings that spanned a time before the couple had even met and documented the birth of each of their four children. Mrs Gibson-Wood said: This was the only building here, this was a corner lot when we first got this property. Since then government had already started to put in infrastructure around here, I dont know who stopped it or why they stopped it. This is the only road that they move over that they didnt put a name on it you tell me why they didnt put a name on it. We slaved to build this house, nobody know if we eat bread or water, we are not proud people, we are not hearty people, we are children of the Lord we wanted a home for our children and anybody else who needed a place to stay. Several messages left for Keith Bell, general legal counsel at Arawak Homes, and Tarvares Laroda, assistant to general legal counsel, were not returned up to press time. The companys statement also noted its plans to release a full report on Pinewoord Gardens, where they claim there are hundreds of persons involved in similar trespass. One Tribune reader commented: How many stories like this have we read in this past year alone regarding Arawak Homes and this type of activity? Is there going to be an independent investigation? I extend my prayers and well wishes to the Wood family, and wish them luck in what could possibly be a civil litigation matter. Since these Arawak Homes people seem so happy to willynilly destroy things and always preaching about legal rights this and responsibility that, I want to know when the government gone make them responsible for that mess they created call Pinewood Gardens and the flooding and poor construction of homes there. Plenty of us had our belongings destroyed over and over again because of this. constituency, formerly Holy Cross constituency. Secondly, the performance of my constitutional duty as chairman, to preserve the foun dational FNM principles of ensuring inclusive democracy and procedural fairness in all the activities of the party, is unwavering. The principles of inclusive democracy and procedural fairness were of fundamental importance to the founding fathers of the party, among whom were Cecil WallaceWhitfield, Kendal Isaacs, Arthur Foulkes, Orville Turn quest and Henry Bostwick, who were intent on ensuring that the FNM never became a party where the dictates of any minority group could override the democratic will of rank and file FNMs in their constituency associations, which is the bedrock of the party, Mr Bethel said. This enduring commitment, the partys chairman said, to procedural fairness and inclu sive democracy has ensured that the FNM is not a political party where any group of MPs could be nominated by the council one day, and summarily stripped of their nominations the following day, when the word came down, as occurred in the PLP on the night of the long knives in 1976. These enduring principles make the FNM different, distinctively different, from the PLP. My commitment to ensur ing procedural fairness and inclusive democracy in the Free National Movement is fully consistent with my ongoing commitment to the residents of the Sea Breeze constituency, and the wider FNM membership, all of whom I am privileged to serve, he said. J FK airport. However, yesterday a representative from the PLP said the issue surrounding this matter goes beyond the abuse of intellectual rights, and intoa larger sphere. Surely what happened with these women, we can not say that they were on their own. They had full license by the government which also col lects taxes from them. So that is really the issue. In other words, what is our responsibility to these people, in terms of education and incentivising local indigenous crafts. We need to call a spade a spade. What is the responsibility of the Bahamian government for being complicit in this. One would have thought that if you were being prosecuted for such a thing you could not possibility be selling it in a government-spon sored market. And if one were selling it, one would gather that they could not possibly be paying customs duty on it, the source said. O pposition MPs Fred Mitchell and Alfred Sears are both reportedly set to speak at todays press conference. With a tentative first hearing of the nine straw vendors set to take place in New York on October 4, The Tribune understands that a contin gent of PLP MPs will also travel to New York for the hearings and provide what legal counsel they can. A ccording to party sources, a forum non con veniens argument is expected to be raised by the straw vendors court-appointed public defender, to essentially have the matter returned to the Bahamas for hearing. tial estimate given. The board met with unions yesterday, presenting members with the revised structure of how the corporation is going to look going forward. It was reported board members offered union leaders the opportunity to choose among them selves the names of those persons who will be cut, however the unions reportedly denied the offer. The confirmed cuts differed slightly from what was originally announced, with the biggest difference stemming from changes to ZNS' Grand Bahama office, the northern service, which was said to be facing the biggest cut with staff levels being reduced from 48 to 26. That number was said to have increased only minimally, the accounting department will be reduced to 10 three more than the initial estimate and the operations department staff will also be down sized to 10. The marketing and sales department will be slashed to three persons and the radio department will be reduced from 23 to 12. According to sources, the corporation expects to complete its transition to public service broadcaster by the end of this year. FROM page one PLP set to assist finding attorneys for straw vendors Mother Pr att f ears gang war FROM page one FROM page one Repor ts: 80 to lose jobs at ZNS Carl Bethel hits out FROM page one Arawak Homes FROM page one DEMOLITION: Maria GibsonWood in the rubble of her house
Aquinas College AQUINAS College opened the Curry Theatre last week in honour of the first lay Bahamian principal of that school, Andrew Curry. W ith a seating capacity for 63 people, students will entertain members of the public in a c oncert this October, featuring selections from the choir, violinists, and a small production by the drama team. Since the start of the academic year, students have been learning the violin and are taking part in several new electives such as Study Skills and Library Skills, according to Shona Knowles, Aquinas principal. In the Study Skills course, students are taught how to study and plan their academic year, in addition to identifying if they are audio, visual, kinesthetic or tactile learners. Ms Knowles expects fierce competition in a matter of weeks, when students will campaign against each other to win votes in an election that will decide one class president and vice president. First Class is a new regular feature showcasing the youngsters who have started at a new school and is dedicated to the teachers and staff who help them settle into their new surroundings. To get your new starters featured, contact Reuben Shearer at The Tribune on 322-1986 or email email@example.com. C M Y K C M Y K LOCAL NEWS PAGE 16, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE CLASS poses together for a photo with Senora Ali Gibson. SPANISH TEACHER Senora Ali Gibson works with the students. DARIN MOSS finishes up his classwork. LAGREA HIGGS hard at work. KERHA OXLEY raises her h and to answer a question. ANTONIA INGRAHAM is eager to ask a question of Senora Gibson. AUSHANTI KNOWLES uses one of the new pens from her pencil case to complete her classwork. SHARLOT GARGOLES takes a quick look at her notes.
By NEIL HARTNELL Tribune Business Editor A Bahamian broker/deal er and its Bermuda affiliates have reached a tentative agreement with the Securities and Exchange Commission (SEC markets regulator, to settle allegations that they committed securities fraud by manipulating the stock prices of [two] publicly traded shell companies. Court documents filed in the southern New York dis trict court on Friday con firmed that LOM Securities (Bahamas at the British Colonial Hiltons Centre of Commerce in downtown Nassau, its Bermuda and Cayman affiliates, and principals Scott and Brian Lines, had reached a tentative settle ment with the SEC, which required only the approvalof the regulators commissioners and counsel. The US court ruled that the SECs attorneys had until October 8, 2010, to confirm to it whether the commissioners had finallya pproved or rejected the t entative settlements with LOM Securities (Bahamas its affiliates and their princip als. A s court documents make clear, LOM (Bahamas affiliates and the Lines brothers have continually, C M Y K C M Y K SECTIONB firstname.lastname@example.org TUESDAY, SEPTEMBER 28, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission f rom the daily report.$ $4.38 $4.37 $4.22 BAHAMASNassau:242.356.9801 Freeport:242.351.3010BARBADOSSt.Michael:246.435.1955 RoyalFidelity PensionFunds [Learn more at royaldelity.com] 23.57%5 YEAREQUITY FUND 30.12%5 YEARBALANCED FUND 27.93%5 YEARFIXED INCOME FUND GroupPensionPlan|*ReturnsarebeforeAdmin.Fees|ReturnsasofJuly31st,2010*** Open a Personal or Group Pension Plan. Life doesnt end when work does.What are you doing after work? And with a Royal Fidelity pension, youre in the best position to live it to the fullest. Bahamas broker in tentative deal to settle with SEC SEE page 4B By NEIL HARTNELL T ribune Business Editor T he Bahamas Property Funds creator is still targeting a $100 million value for the BISX-listed fund, almost doubling its current $55 millions ize, with plans to resume divi dend payments to shareholders by year-end 2010. Michael Anderson, president of RoyalFidelity Merchant Bank & Trust, which sponsored the funds creation i n late 1999 and now acts as its administrator, told Tribune Business yesterday that with a debt-to-equity ratio of around 5 0 per cent, the Bahamas Property Fund had significant debt-carrying capacity to bea ble to finance new acquisitions. The major impediment to t he mutual fund/real estate i nvestment trusts growth towards that $100 million val uation target, Mr Anderson s aid, was a lack of suitable acquisition opportunities. We still have in our minds t hat wed like this fund to be Property Fund in $100m value goal VINCENT VANDERPOOL-WALLACE n BISX-listed entity aiming to almost double in value and size from current $55m level, but acquisition targets few and far between n Plans to resume dividend payments to investors by year-end 2010, if no purchases on horizon n Debt-to-equity ratio at 50%, giving fund major leverage capacity to take on debt financing n Net income for half-year down almost 19%, due to 15% Financial Centre vacancy and $175k preference payments associated with last deal SEE page 4B MICHAEL ANDERSON By NEIL HARTNELL T ribune Business Editor T he Bahamas will formally launch its yacht registry at the Fort Lauderdale International Boat Show next month, t he Bahamas Maritime Authoritys (BMA yesterday, telling Tribune Business that the organisation aimed to increase its annual $6 million contribution to theG overnments coffers over the next two years. C onfirming the BMAs plans for the official yacht registry l aunch via a fully staffed booth and exhibition at the Fort Lauderdale show, Mr Fair said the Authority also had representatives present at the Monaco Yacht Show two weeks ago. When asked by Tribune Business about the status of the y acht registry plans, he replied: Done. Were just tweaking the code right now. It is complete, and all the bits and pieces are in place. While he did not expect the Bahamas yacht registry to take off like a rocket, snatching major chunks of market share from the likes of the Cayman Islands and the Marshall Islands, Mr Fair said it was significant missing element Yacht registrys October launch Bahamas Maritime Authority aimsing to increase annual $6m contribution to governments coffers with roll-out of n ews initiatives Hong Kong and Greek offices to open before year-end, and put Bahamas front and centre in shipping industry Bahamas reaches Utopia with impending registration of 200-apartment, 108,000 gross tonnesf loating luxury palace SEE page 3B By CHESTER ROBARDS Business Reporter email@example.com A FIRST-of-its-kind arts and cultural festival, Carifringe, is expected to create a small economic boost for Nassau between October 1-11, one of its organisers told Tribune Business yesterday, as particpants jet in for the festivities. Jonathan Murray said businesses that partnered with Carifringe will be obtain a direct economic boost as a result of the association, with the potential for developing long-term growth through the affiliation. Mr Murray added that while this is Carifringes pilot year, it is likely that the festival wont be in debt and will be able to cover costs. He said organisers worked closely with the organisers of Festivals fringe economic boost By CHESTER ROBARDS Business Reporter firstname.lastname@example.org T he $1.4 billion purchase of Air Tran Airlines by Southwest could increase the number of low-costc arriers serving the Bahamian market to four,a development the minister of tourism and aviation s aid yesterday could open more Bahamas/US routes and decrease the cost oft ravel to this country. V incent VanderpoolWallace said the Ministryof Tourism and Aviation for years had sought toc onvince Southwest to open up routes to this market, and for years it wast old not at this time. The A ir Tran deal, though, could leave four low-cost carriers serving the Bahamian market, with Southwest joining Jet Blue, Spirit and WestJet. Now, the possible acquisition of Air Tran will mean that for the first time in its history, Southwest will fly international routes. However, it is not yet known if the Bahamas will remain on its list. We are interested in continuing service to many if not all Air Tran mar kets, said Southwest spokesperson Ashley Dillon. There are no details on specific markets. Air Tran began service into the Bahamas only late last year, causing an expan sion of airlift from Orlando and Atlanta. Bahamas eyes airlift boost from $1.4bn deal Southwests $1.4bn Air Tran purchasec ould reduce ticket prices and enhance airlift into nation SEE page 5B SEE page 5B
The Insurance Commission of the Bahamas has hired a veteran Canadian regulator to head-up its supervision department, in addition to engaging numerous consultants to help beef-up its enforcement and technical capacities. Addressing a recent Bahamas Financial Services Board (BFSB tive insurance seminar, Lennox McCartney, the Commissions superintendent, said the regulator was committed to doing our part to help develop a competitive and vibrant international insurance industry in the Bahamas. He said a consultants report highlighted three key commitments required from the Commission to support develop ment of a captive insurance reg ulator in the Bahamas, namely: 1. To support the development of the industry 2. Become an independent Insurance Commission 3. Recruit regulatory staff with international Insurance Experience Mr McCartney said: Many times consultants reports are commissioned and presented with great ideas and enthusiasm, and then left on the shelves to gather dust. I could safely say that that is not the case with the recommendations made by this report as far as the insurance regulator is concerned here in the Bahamas. I would like to assure you that the Commission is very committed that we meet our stated goal of a 30 day turnaround time for restricted captive applications, once all of the required documents are in hand. We have committed to this and we are pretty much on target. The Commission made an immediate assessment of its technical capacity, and recruited additional staff to address gaps in the competencies and expertise needed to meet its obligations. Recently engaged was Arvind Baghel, a seasoned insurance regulator (from the Canadian regulator, OSFI) who now heads its supervision department. In early 2010, the Insurance Commission entered into a partnership agreement with the Toronto Leadership Centre to enhance its supervisory methodology. The Centre will provide two experts on insurance and risk-based supervision to the Commission, on both an on-site and off-site basis, for up to 10 weeks per year, and to work with the Commission and its staff to establish realistic supervisory objectives. The Commission has also engaged international consultants to review the actuarial liabilities of the life and health carriers. Reinsurance consultants were also engaged to review the reinsurance programmes of the general insurance companies. Insurance supervisory consultants were engaged to com plete the review the Commissions compliance with international standards, and to make recommendations on the organ isation and structure of the office. The Commission used the results of these consulta tions to chart the way forward in 2010. The regulator is cur rently canvassing the industry for representatives to serve on its Industry Advisory Committee. RND Holdings has c hanged its name to Colina R eal Estate Ltd, a move that better reflects its transformation from cinema operator to property holding company, and Colina Insurance Companys acquisition of an a lmost-80 per cent majority i nterest in the publicly traded firm. A motion calling for the name change was raised as a matter of extraordinary business at RNDs Annual Gene ral Meeting on September 2 3, 2010 and was agreed by the companys shareholders. The company has evolved quite a bit since we brandedo urselves RND Holdings b ack in 1994, said its chairman, Senator Jerome Fitzgerald. "Starting out as a lucrative multiplex enterprise, we have restructured our asset base to pursue a number of business ventures over the years. However, RND as we k now it today is essentially a r eal estate holding company with strong assets in New Providence, Grand Bahama and Abaco. We are really e xcited about the move going f orward, and are focused on our core business. Colina Real Estate Ltd is a name thatb etter reflects both our core business as well as the new market opportunities we are p ursuing." C olina has owned shares in RND Holdings since the latters initial public offering in 1998, but acquired a majority interest over the past year. Senator Fitzgerald said the n ew ownership structure has c reated certain synergies to increase Colina Real Estates cash flow, improve the physical plant of portfolio properties, and bolstered investor confidence. C olina agreed to a restruct uring of RNDs long-term debt in March 2010, thereby allowing the company to liquidate all its aged payablesa nd assume a positive cash f low position. Colina Holdings (Bahamas refinanced RND Holdings existing bank debt with a $3.7 million mortgage, its audited financial statements for fiscal2 009 revealed. RND Holdings g enerated $43,926 in net income for the BISX-listed life and health insurer in 2009 during the almost-six months following the acquisition of its majority stake. Some$ 815,191 in revenue also flowed to Colina Holdings (Bahamas "From the date of acquisition, RND has contributed $815,191 of revenue and $ 43,926 to the net profit b efore non-controlling interests of [Colina Holdings Bahamas]," the insurer'sf inancial statements said. While Colina Holdings (Bahamas o wned subsidiary, Colina I nsurance Company, had built up a 24.8 per cent stake in RND Holdings as at 2008y ear-end, via the purchase of 2,197, 779 shares, it took another six months for them to acquire a majority. During 2009, through additional purchases of shares on the open market as of June 9, 2009, the company [Colina H oldings (Bahamas a cquired a total of 4,482,314 shares at a cost of $0.40 per share, representing a 50.6 per cent shareholding," the financial statements said. "The company has a cquired RND to expand its i nvestment property holdings to support its life insurance liabilities over the long-term." There is little doubt that Colina Holdings (Bahamas acquired majority control at R ND Holdings for a relative b argain price, since its accounts record a $2.054 mil lion "gain on bargain purchase" among its investmenti ncome gains during 2009. T his "bargain" occurred because it acquired its 50.6 per cent share of RND's $7.498 million net assets, worth $3.794 million, for $1.74 million. The latter figure ist he sum spent on building C olina Holdings (Bahamas majority interest in RND's ordinary shares. The balance sheet details provided for RND Holdings at the June 9, 2009, acquisi-t ion date show why the company needed a 'saviour' in the form of Colina Holdings (Bahamas RND had just $1,459 in cash at the balance sheet date, i ndicating that just about all t he rental cash flow from its investment properties the RND Plazas in Nassau andF reeport was being sucked up to repay/service bank debt and other liabilities. S ome 97.9 per cent of R ND's assets, $11.559 million out of $11.804 million, were tied up in the value of its illiq-u id real estate holdings. This was matched against liabilities that were more current, including a $3.064 mill ion bank loan; $197,191 in bank overdrafts; and $877,716 in accounts payables and othe r liabilities. Subsequent to Colina Hold ings (Bahamas e nd, it acquired a further 2.8 million RND Holdings shares in a series of transactions in January and March 2010, tak-i ng its controlling stake to 79.8 per cent. C M Y K C M Y K BUSINESS PAGE 2B, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Do you know that your favourite teachers canWIN $1000!Nominate them today for the Sir Gerald Cash National Distinguished Teachers Awards!Fill out a nomination form today available at:www.fidelitygroup.com/ndta Winners will receive:$1000 & will be inducted into the NDTA Hall of Fame! 2Pre-schoolTeachers 2PrimarySchoolTeachers 2JuniorHighTeachersForfurtherinformationyoumayemailusat:NDTA@fidelitybahamas.com2HighSchoolTeachers 1AllAgeSchoolTeacher 1SpecialNeedsEducatorYou can nominate for any one of the following categories! Presented by: Nominations close on October 15, 2010th RND switches name to Colina Real Estate J EROMEFITZGERALD Insurance regulator hir es top Canadian PRESENTATION: Lennox McCartney's luncheon presentation to BFSB's Captive Insurance Seminar.
By NEIL HARTNELL Tribune Business Editor A major telecoms operator yesterday welcomed the issuance of a survey seeking feedback on telephone number portability in the Bahamas, something that is viewed as one of the last significant barriers to competition in fixedline and cellular telecommunications. Responding to the Utilities Regulation & Competition Authoritys (URCA release, Anthony Butler, Cable Bahamas president and chief executive, said the Bahamas was now following number portability trends established in other markets that had deregulated. Its good for the consumer, and consumers tend to be identified by their phone numbers now, Mr Butler told Tribune Business. Its more of a personal phone now. It follows the trends in other deregulated markets, and this market is also deregulating. Number portability allows consumers to retain their existing numbers when switching to another telecoms provider, thus enhancing choice and convenience, and making for a more competitive market. Usman Saadat, URCAs head of policy and regulation, said in a statement: Number portability is one of the last significant barriers to competition and has several benefits, including enabling service provider choice, convenience to customers, and avoids having to i nform friends, family and business contacts about a number change. URCA said that while the Bahamas Telecommunications Company (BTC Resource Group (SRG IndiGo Networks, were the major fixed-line providers curr ently, there was the possibility of extra competition from Cable Bahamas and IP Solutions International. And number portability would become even more important when BTCs cellular exclusivity expired in two years time. Cable Bahamas is pushing n umber portability because of its impending entrance into the fixed-line market via its 100 per cent purchase of SRG, which is now awaiting regulatory approval. URCA yesterday extended the deadline for sector and public feedback on the proposed Cable Bahamas/SRG m erger from Friday, October 1, to next Tuesday, October 5. Views have already been expressed that the deal could be anticompetitive and havea detrimental impact on the Bahamian market. Edison Sumner, IP Solutions International's president, told Tribune Business that the planned merger, which would create a 'Triple Play' provider of communications services in the areas of Internet, video, data and voice traffic, could impact the maintenance of a 'level playing field' in the t elecommunications industry. "I think it will have an impact on the market, and issue like a level playing field and competition," Mr Sumner said. "Frankly, I think the deal is going to be anti-competitive to the market. I have similar concerns about the BTC deal [priv atisation]." The opposition from rival telecoms players, especially smaller ones and start-ups such as IP Solutions International, is both predictable and understandable, since they will fear the merged entity together with a privatised BTC will h ave enough market share, economies of scale and power to force out all rival operators. Both Cable Bahamas/SRG and BTC have their own infra structure and networks, a priceless advantage, since other operators will either be forced to finance their own or r ent/lease from the two incum bents. Market observers have already privately told Tribune Business that Cable Bahamas' decision to formally consummate its marriage with SRG, something that has been in the making for five-six years, seems to presume that the Bahamian communications market will effectively evolve into a duopoly, dominated by the merged entity and BTC at the expense of all others. Indeed, Cable Bahamas has made no secret of its desire to o btain a cellular licence when that sector is opened post-privatisation, something that would further a duopoly position if granted. And, if Cable & Wireless becomes the privatisation partner for BTC, it will bring its video/TV offering to that company, positioning the two 'incumbents' to truly go head-to-head. Whether this happens at the expense of increased competition from r ival operators is likely to weight heavily in URCA's deliberations, with the regulator also having to take into account whether the Bahamas' relatively small 300,000-350,000 population can sustain more than just Cable Bahamas/SRG and BTC. One source suggested that Cable Bahamas' decision to move now on executing the call option to acquire SRG indicated it was extremely conf ident that it would pass all URCA's Significant Market Power (SMP short order. This requires it to complete the accounting separation for all its business lines, in addition to splitting off or unbundling its cable TV offering from its Internet business. C M Y K C M Y K BUSINESS T HE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Have you heard the good news? You CAN save money!Ask NIBA for a motor insurance quote! Not only do you pay less with NIBA,you receive cover thats hard to beat and a claims service that doesnt keep you waiting! Its time to pay less for insuring your car!Tel.677-6422 or visit www.nibaquote.com NASSAU INSURANCE BROKERS AND AGENTS LIMITED Atlantic House,2nd Terrace & Collins Avenue P.O.Box N-7764 Nassau Tel.677-6422 www.nibaquote.com A Graham, Thompson & Company partner has addressed the Bahamas branch of the Society of Trust and Estate Practitioners (STEP Bahamas effective use of foundations as an estate planning tool. Aliya G. Allen spoke to STEP members and non-members at the organisations first luncheon for the 2010-2011 year, held on 23 September at the British Colonial Hilton. Ms Allen's presentation addressed the benefits of using a foundation, registered under the Foundations Act 2004, as an alternate estate planning tool to the ordinary trust or private trust company. Pictured from L to R are Karen Haven (STEP director Tanya Hanna (STEP chairperson); Mark Richford (STEP director); Aliya G. Allen (partner, Graham, Thompson & Co); Anita Bain (STEP deputy chairperson Attorney takes STEPs on foundation effectiveness f rom our offering, especially given this nations attraction for cruising yachtsmen and its position as a major private wealth management centre. Private banking clients were also typically yacht owners, Mr Fair said, adding: I would hope that people can walk around a marina in the Bahamas and see the Bahamian flag ont hese yachts, not that of Guernsey, Bermuda and the Marshall Islands. The BMA chairman added that inquiries a bout yacht registration had already been received, and told Tribune Business that this initiative, along with other plans in thep ipeline, would hopefully increase the $6 mill ion in fees that the organisation paid the Gov ernment annually. Hopefully, we can make it much more, Mr Fair told Tribune Business. Its been flat the last two years, but its not gone down, and in the current environment thats a pretty good s ituation. Over the course of the next two years, with some of the things weve been doing, well be able to increase that. He explained to Tribune Business that a m ajor goal of his, upon becoming BMA chairman, was to raise the profile of the organi sation and show Bahamians and the global shipping industry that it truly was a third pillar of this nations economy. Key components of this strategy are to the BMAs Hong Kong office opening on October 2 5, coupled with the opening of its Greek office before year-end. These moves are designed to position the BMA and, by exten sion, the Bahamas at the heart of the ship building and ownership world, bringing the organisation closer to current and potential clients. Weve just landed a big new ship to the r egistry, the Utopia, Mr Fair told Tribune Business. Its a new 108,000 gross tonnes, 2 00-apartment vessel. Its like a floating apartm ent building. Its being built in South Korea, a nd being registered with us. Its a significant o ne, because its a big one, a major ship. It points to why we opened an office in the Far East. We felt Hong Kong was the obvious choice. Its the central location in Asia, but its also a significant centre, and we havec lose links to Hong Kong through Hutchison Whampoa and the Freeport Container Port. M r Fair said he had visited Hong Kong to s elect office space for the BMA in April this year. The BMA was moving someone from its New York officer to act as registrar, and wasn ow seeking technical staff. It will be a fully staffed office and a key part of the BMA going forward, Mr Fair said, adding that with the shipbuilding activity goingo n in China and South Korea, the Bahamas needed to be front and centre in the region. He added that the BMA was also seeking to o pen its Greek office before the end of the year, that country being where the Bahamian registrys existing significant ship owners are based. There was also a possibility that t he BMA office there could act as a cata lyst for increased business links between Greece and the Greek Bahamian community. Its been an exciting year, Mr Fair said. One of the things I recognised when I became chairman was the need to raise the profile of the BMA, and demonstrate there were moret han two legs to our economy. Adding that it was correct to describe the maritime sector as the third largest contributort o Bahamian GDP, Mr Fair added: There are so many segments to the maritime industry that we tend not to look at the whole, and not realise how important it is and could be. Yacht registrys October launch FROM page 1B Last key barrier to competition
$100 million in size, and were c urrently sitting around $55 million, he told Tribune Business. Wed like to be around $100 million, and to have a slightly wider diversif ication in terms of properties........ Were ideally positioned for acquisition, and just need to find the right properties. We havent seen much recent-ly. Were not really interested in small buildings, and have not seen a sizeable investment o pportunity for a while. The Bahamas Property Fund had been eyeing the purchase of UBS House on East Bay Street around Christmas 2009, but its inter-e st in the $22-$23 million deal waned after the Swiss bank imposed terms and conditions including price that made the deal unattractive for the Bahamian market. The BISX-listed fund had stopped paying dividends to its Bahamian shareholders last year, as it sought to con-s erve capital and ready its balance sheet for the possible UBS purchase, but with no p otential deals on the horizon that position appears ready to change. Dividends We stopped paying dividends a year ago when we looked at the UBS transaction, and if nothing comes on to the market in terms of acquisitions, we will look at paying a dividend by yearend, Mr Anderson told Tri-b une Business. The cash is building up on the balance sheet, and theres no point ink eeping it unless youre going to use it. Weve got more cap ital than we need. When asked why commerc ial real estate owners were c urrently reluctant to sell, Mr Anderson suggested that many were holding on in the hope that prices would improve in line with the economy. Its hard to sell most things today at the price you want,h e added, so most people who have a building are saying: Lets wait for a better d eal. The BISX-listed entity s eeks high-end, unique prope rties that have a certain e xclusivity and stand out in t he market, providing both an existing client base and opportunities for increasedc ash flow via lease increases. Hence the reason why its three-strong property portfolio to date comprises the Bahamas Financial Centre in downtown Nassau; the One Marina Drive office building on Paradise Island; and Providence House on East Hill Street, the current home of PricewaterhouseCoopers( PwC) Bahamas. For the half-year to June 3 0, 2010, the cost of financi ng the Providence House purchase via $175,000 in preference share interest payments to the former owner, s omething it did not have to make in the 2009 comparative period, and the 15,000 square feet of vacant space att he Bahamas Financial Centre, depressed the Bahamas Property Funds performance. N et income dropped by 1 8.3 per cent year-over-year to $870,015, compared to $1.065 million in the 2009 half-year, despite rental rev-e nues growing by 3.7 per cent to $2.023 million from $1.952 million the year before. Total income (revenuesb y 4 per cent to $2.047 million, compared to $1.968 million in 2009. Mr Anderson reiterated that the Providence House p urchase was always going to be cash flow neutral for the B ahamas Property Fund for the first few years, the increase in rental income that it produced during the 2010 first half being offset by the carrying cost of funds via the preference share payments. The funds other expenses also grew by 40.7 per cent, from $365,495 in 2009 to $514,078 for the six months to June 30, 2010, something M r Anderson said was associated with the free space at the Financial Centre that w eve been largely unable to rent. D espite the net income d rop, which saw the Bahamas P roperty Funds earnings per share (EPS t o $0.36 year-over-year, Mr A nderson described its perf ormance as not bad. H e pointed out that as it c ontinued to pay down the loan that financed the initial B ahamas Financial Centre acquisition, the Property F unds interest expense was dropping, down from $448,294 in the 2009 first half to $420,074 this year. With Providence House rental rates set to be renego tiated next year, Mr Anderson said: Weve got ongoing rental increases built into most leases. The bulk of the problem lies at the Financial Centre, where weve got space weve been unable to rent during this difficult period for the global financial system. The big banks that might have rented space are not here. Costs A s a result, the Bahamas P roperty Fund was having to carry the common area maint enance (CAM ated with 15,000 square feet, out of 100,000 total square feet, that was vacant at the Bahamas Financial Centre. A depressed commercial prop-e rty market also means there i s more competition for p otential tenants. While the Bahamas Prope rty Fund had expected to rent out 3,000 square feet of the vacant Financial Centres pace by now, Mr Anderson said its performance year-todate had largely been in linew ith budget. With the Financial Centre 85 per cent occupied, Providence House and One MarinaD rive were both virtually at 100 per cent, the latter only having 1,000 square feet v acant. Im very happy with where we are, he added. The net asset value (now a t $14.36 per share) continues to grow. Its a period that w e have to go through, but I t hink were doing fairly well o verall. It would just be nice if we could get some more cash f low from it. Were still generating good cash flow, paying down the loan, and debt as a component of the balance sheeti s so small compared to capit al. The debt-to-equity ratio is like 50 per cent. This means that for every d ollar in debt owed, the Property Fund has $2 in capital, giving it significant leverage capacity and also minimising risk associated with it. C M Y K C M Y K BUSINESS PAGE 4B, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bs G ain a competitive edge and enhance your workplace performance through the Certification in Performance Managemento ffered by The Centre for Continuing Education and Extension Services (CEES COURSES INCLUDE: Performance Management Practicum Foundations of Course Design and Development for Job Trainers Project Management for Job Training Ethics and Professional Responsibility How to Work With and/or Mentor Difficult PeopleSign up today. Deadline to Enrol: 29th September,2010F or more information call (242 visit us on Moss Road in Oakes Field o r log on to http://www.cob.edu.bs and click on the Continuing Education link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f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and strenuously, denied all allegations levelled against them by the SEC since the charges were first filed in theN ew York district in December 2008. The SEC alleged that its claims stemmed from two separate, but similar, fraudulent schemes to manipulate the stock prices o f publicly-traded shell c ompanies quoted on the o ver-the-counter bulletin board, Sedona Software Solutions and SHEP Technologies. On the Sedona front, the U S regulator alleged that L OM (Bahamas Lines brothers and other LOM affiliates had committed securities fraud by aiding and abetting the activities of a trader named Anthony Wile, who hadp reviously settled SEC charges against him. Abetting As for the SHEP side, t he SEC again claimed that LOM (Bahamas entities and the Lines brothers had committed securities fraud by aiding and abetting the trading a ctivities of William Peeve r and James Curtis. Defendants Brian Lines, Scott Lines and through them LOM Ltd, L OM Bermuda, LOM B ahamas and LOM Cayman also unlawfully sold u nregistered SHEP securities in violation of Section 5 of the Securities Act, t he SEC alleged. The Commission further alleges that BrianL ines, Scott Lines and, through them, LOM Ltd, LOM Bermuda, LOM B ahamas and LOM Caym an failed to report bene f icial ownership of SHEP securities, and aided and abetted the failure of Peev er and Curtis to report their beneficial ownership in SHEP. I n response, LOM ( Bahamas) and its affiliates said there was no evidence to support the SECs claims against any of them, and there was nothing to s uggest they had committed securities fraud or manipulated the prices of any stocks. Bahamas broker in tentative deal to settle with SEC F ROM page 1B Property Fund in $100m value goal F ROM page 1B
A look at economic developments and activity in major stock markets around the world Monday: ___ TOKYO Japan's export growth slowed for the sixth consecutive month in August as a strong yen and cooling global demand rattled an already fragile recovery. ___ BRUSSELS France clashed with Germany and the European Central bank, rejecting any proposal that would punish European Union nations with near-automatic sanctions if they fail to keep their debt and budget deficits within limits. Instead, French Finance Minister Christine Lagarde said governments still should have the overriding say in any such decision. She dismissed the idea that a member nation could be reprimanded by unelected experts alone and penalized for budget excesses. Earlier, EU Monetary Affairs Commissioner Olli Rehn said he will propose on Wednesday for member states to be punished early for spending their way into trouble. ___ BEIJING China stepped up customs inspections of goods shipped to and from Japan, slowing trade, logistics companies said. Relations between the two countries are growing tenser because of a spat over the detention of a Chinese fishing boat captain near disputed islands. ___ LONDON European stocks slipped amid uncertainty about the outlook of the global economic recovery, with nearrecord gold prices suggesting sentiment remains tense as investors seek safe assets. Britain's FTSE 100 bench mark index closed down 0.5 percent, Germany's DAX fell 0.3 percent and France's CAC40 dropped 0.4 percent. ___ TOKYO Japan's Nikkei 225 stock average climbed 1.4 percent to 9,603.14 with exporters advancing as investors bet the central bank will try to weaken the yen with further monetary easing when it m eets next week. The yen hit fresh 15-year highs against the U.S. dollar this month, and led the government to intervene in currency markets to weaken the yen for the first time in six years. Elsewhere in Asia, South Korea's Kospi added 0.8 perc ent, Hong Kong Hang's Seng advanced 1 percent, China's Shanghai Composite Index rose 1.4 percent and Australia's S&P/ASX 200 jumped 1.6 percent. Markets in India, Taiwan and Singapore also climbed while Malaysia and Vietnam d ropped. ___ WASHINGTON The Obama administration is proposing that banks report all electronic money transfers in and out of the country, expanding its anti-terrorism requirem ents for financial institutions. ___ BUCHAREST, Romania The Romanian government was in an uproar over austerity protests as the interior minister resigned, the opposition demanded the prime minister g o as well and top police officials held emergency talks with the president. The chaos reflected social fallout from the sharp wage cuts, tax hikes and other aus terity measures the government has taken to fight its budget deficit amid a deep recession. P resident Traian Basescu's government has been unable to pay wages and pensions without a euro20 billion ($26 billion bailout loan last year from the International Monetary Fund and other lenders, and the IMF is demanding strong action now to trim Romania's national debt. ___ DUBAI, United Arab Emirates Dubai's government said it soon plans to issue its first sovereign bonds since the start of the emirate's credit crisis last year. The bond sale will be an important test of investor appetite for Dubai debt. It c omes as the city-state looks to fill a budget deficit of $1.6 billion this year while working through a nearly yearlong financial crisis that remains unresolved. ___ A THENS, Greece Riot police used tear gas to disperse protesting truckers and preventa highway blockade, as protests against government labor reforms entered a third week. The reforms were enacted as part of deal for crisis-hit Greece to receive euro110 billion in rescue loans over three years from the International Monetary Fund and other European countries. ___ BEIJING China and Russia signed agreements to boost energy cooperation, while Moscow said it is ready to supply its energy hungry neighbor with all its natural gas needs. ___ WELLINGTON, New Zealand New Zealand's government announced it will place new controls on overseas investors buying large land holdings, reacting to growing public concern that the country is selling too much farm land to foreigners. ___ HAVANA Cuba has raised already-high gasoline prices by about 10 percent amid sweeping changes to the economy, a move that could lead to grumbling among cash-strapped islanders, particularly private taxi drivers who are not allowed to raise their own prices. ___ LISBON, Portugal An organization of leading economies predicted that debtburdened Portugal will come close to meeting its deficit reduction target this year. C M Y K C M Y K BUSINESS T HE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM +LJK(QG&RPPHUFLDOHDO(VWDWH 0XOWL)DPLO\/RWIRUVDOH % HDXWLIXO:HVWULGJH(VWDWHRUWK 3DYHGRDGV %DQN)LQDQFLQJ$YDLODEOHb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f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n this March 29, 2010 file photo, Japanese vehicles for export park at a Yokohama port, near Tokyo, Japan. Japans export growth slowed for the sixth consecutive month in August. Bahamas eyes airlift boost from $1.4bn deal M r Vanderpool-Wallace said Southwest is well known f or increasing the popularity of a destination once they b egin flying to them. The term Southwest Effect was c oined by the US Department of Transport in 1993, in a document penned by James Craun and Randall Bennett, to descride the tremendous growth in travel to US citieso nce service was launched by the airline. According to Mr Vanderpool-Wallace, this phenomenon is in line with his ministrys strategy of increasing the numb er of available seats coming into this country, and reflecting the Bahamas proximity to the US in airline ticket prices. He added that while Southwest might have rejected the B ahamas plea for business while it planned this strategic b uyout, it could ultimately benefit this country. Expand Olga Romero, a second Southwest Airlines spokesperson, said the reason for the airlines acquisition of Air Tran is to expand its routes and grow its business. According to lowfaresfather.com, a website dedicated to the acquisition, there will be no changes to the operations of e ither airline in the near term. This transition will take time, the site said. We will, of course, first need to obtain clearance from the US Departm ent of Justice and other regulatory approvals, and Air T ran will need to obtain stockholder approval. Following those approvals and closing of the transaction, o ur plan is to integrate Air Tran into Southwest within two y ears. At the end of that time period, we anticipate cus tomers will see only the Southwest brand and all employees w ill be Southwest employees. We have an integration team which will provide oversight and direction to integrating every aspect of our respective operations. FROM page 1B Festivals fringe economic boost Shakespeare in Paradise in order to create a succesful model However, because this is the inaugural year for the festival, its business model is flexible. According to Mr Murray, with only about 16 per cent of their budget in cash, the majority of support for the fesrtival came in-kind. We have been able to execute it (Carifringe And because of the economic limitations many business gave in kind and we got morer esponses than we initially thought we would. Mr Murray added that many of the official festival bars will receive an extra boost during Carifringe, as festival goers will be encouraged to visit them for drink specials. The local arts community will be recognised during the almost two-week event with concerts, art shows, theatre production and relating workshops. P ar tnerships Mr Murray said the festival model is shaped around developing partnerships rather than asking for sponsorships. Each entity involved in the festival is responsible for its own bud get and development, with Car ifringe as the dark matter or web that produces the net work and pulls them all togeth er. He added that the art com munity has lacked cohesion in the past, and Carifringe hopes to become the adhesive that melds the community. We are very aware that the relationship has to take place, Mr Murray said. Our model is not sponsor ship, but partnership and how businesses can benefit. Art and culture seems to be lacking the administration to make it successful. According to Mr Murray, the festivals administrators hope to grow the festival into an internationally-recognised event that draws participation and a following like that of Miamis Art Basel. We see an opportunity to use Nassau as a middle ground between Miami, Europe and the Caribbean for large art shows, he said. It makes sense, but we havent been able to jump on that market. FROM page one
C M Y K C M Y K INTERNATIONALBUSINESS PAGE 6B, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.261.00AML Foods Limited1.011.010.004,2420.2500.0404.03.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.493.15Bahamas Waste3.153.150.000.1680.09018.82.86% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.7710.770.001.2120.3108.92.88% 2.842.50Colina Holdings2.502.500.000.7810.0403.21.60% 7.005.40Commonwealth Bank (S1)6.286.280.000.4220.23014.93.66% 3.651.63Consolidated Water BDRs1.881.85-0.030.1110.05216.72.81% 2.551.60Doctor's Hospital1.901.900.000.1990.1109.55.79% 6.995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.208.50Finco8.508.500.000.2870.52029.66.12% 11.408.77FirstCaribbean Bank9.749.740.006000.6450.35015.13.59% 5.513.75Focol (S)5.465.460.000.3660.17014.93.11% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 10.509.92J. S. Johnson9.929.920.000.8830.64011.26.45% 10.0010.00Premier Real Estate10.0010.000.000.3550.80028.28.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029MONDAY, 27 SEPTEMBER 2010BISX ALL SHARE INDEX: CLOSE 1,500.54 | CHG -0.03 | %CHG 0.00 | YTD -64.84 | YTD % -4.14BISX 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%BISX LISTED & TRADED SECURITIES AS OF:7% Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas Supermarkets5.016.0114.00-2.9450.000N/M0.00% 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 1.49041.4005CFAL Bond Fund1.49043.59%6.42%1.475244 2.92652.8266CFAL MSI Preferred Fund2.91150.85%0.23%2.926483 1.55431.4920CFAL Money Market Fund1.55433.11%4.36%1.533976 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.42860.46%2.40% 109.3929101.6693CFAL Global Bond Fund109.39295.20%7.60%107.570620 105.779593.1998CFAL Global Equity Fund100.1833-1.52%3.56%105.779543 1.12231.0000FG Financial Preferred Income Fund1.12723.43%5.28% 1.09171.0000FG Financial Growth Fund1.09482.51%6.10% 1.11981.0000FG Financial Diversified Fund1.12753.37%5.64% 9.59559.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.59552.71%5.96% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.3734-3.69%3.38% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.1708-8.29%-8.29% 7.96644.8105Royal Fidelity Int'l Fund Equities Sub Fund7.5827-1.74%11.58% 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 7/11/200731-Jul-10 31-Aug-10 103.987340 101.725415 30-Jun-10 31-Aug-10 NAV 6MTH 1.452500 2.906205 1.518097TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-10 30-Jun-10 31-Aug-10 17-Sep-10 31-Aug-10MARKET TERMS31-Aug-10 31-Aug-10CFAL Securities Ltd. (Over-The-Counter Securities)31-Aug-10BISX Listed Mutual FundsNAV Date 31-Jul-10 31-Aug-10 ('9,1-($1 /28,6RI$50%5,67(5675((7)2;+,//1$66$8 %$+$0$6 14thAmericas Food&Beverage Show&Conference For information contact Omar Gonzalez at email@example.com. Great airline and hotel discounts available.October26-27,2010MiamiBeachConventionCenterMEET +350 exhibitors from +27 countries WITNESSthe Americas Chef Competition, where Olympic Chefs try to conquer the AmericasVISIT20 international pavilions, offering unique products and servicesN ETWORKw ith 6,000 food and beverage buyers from 63 countries under one roofBENEFITfrom a one stop opportunity for ideas, products and business Attend theRegister NOW:www.americasfoodandbeverage.comDONT MISSthe Taste of Peru Pavillion STEPHEN BERNARD, AP Business Writer NEW YORK Stocks took a pause from their big September rally on Monday as worries about the financial sector offset excitement over a fresh round of corporate dealmaking, a ccording to AssociatedPress With no major economic reports to drive trading, investors focused on individual stocks after major deals in the airline, consumer products and retailing industries. The Dow Jones industrial average fell 6 points in afternoon trading after spending most of the day in negative territory. The Dow is on pace for its best September since 1939. Chip Bryan, CEO of SmarTrend, an electronic trend trading system, said Monday's modest decline was largely tied to investors pocketing profit made during the strong Sep tember rally. "The September rally has been surprisingly resilient," Bryan said. But investors might be ready to put the brakes on the run-up so they can wait to see what happens during earnings season, which kicks off next week, Bryan said. The Dow entered Monday having risen each of the past four weeks, its longest winning streak since eight consecutive weekly gains ended in late April when stocks hit their highest levels of the year. Financial stocks mostly dipped as concern remains about the health of Europe's banking sector. Moody's Investors Service cut its rating on Anglo Irish Bank Corp., one of Europe's more troubled banks in recent months. Global banking giants like Barclays PLC and JPMorgan Chase & Co. fell nearly 1 percent. In deal news, consumer products giant Unilever NV agreed to buy beauty products maker Alberto Culver Co. for $3.7 billion. Southwest Airlines Co. will purchase AirTran Holdings Inc. for about $1.4 billion. WalMart Stores Inc. proposed to buy South African consumer goods distributor Massmart Holdings Ltd. for about $4.25 billion. Michael Sansoterra, portfolio manager of the RidgeWorth Large Cap Growth Fund, said the latest deals are a sign companies are confident economic growth will pick up in the coming quarters. Acquisition activity has been booming this month as companies become more willing to take large cash reserves built up during the recession and invest it. "The timing is never certain, but smart companies are saying, 'if not now, when,'" Sansoterra said. "This is the time to be doing it." The Dow fell 6.48, or less than 0.1 percent, to 10,853.78 in late afternoon trading. The Dow has jumped 8.4 percent in September, which is historical ly one of the worst months of the year for the market. The Standard & Poor's 500 index fell 1.08, or less than 0.1 percent, to 1,147.59, while the Nasdaq composite index fell 1.42, or less than 0.1 percent, to 2,379.80. Shares of Unilever, which makes Dove soaps, Axe deodorants and Suave shampoos, rose 36 cents to $29.73. Alberto Culver, which makes beauty products such as TRESemme, VO5 and Simple, jumped $6.27, or 19.9 percent, to $37.75. AirTran shares jumped $2.81, or 61.8 percent, to $7.36. The deal valued Airtran shares at $7.69. Southwest rose $1.63, or 13.3 percent, to $13.91. Wal-Mart shares fell 36 cents to $53.72. JPMorgan shares fell 26 cents to $39.49. Barclays dropped 12 cents to $19.69. Rising stocks narrowly outpaced those that fell on the New York Stock Exchange where volume came to 475 million shares. Traders that prefer to look at the broader economic picture will get plenty of data later in the week to review. Traders get reports on consumer sentiment, weekly jobless claims and a final reading on second-quarter gross domes tic product before the month wraps up Thursday. AP Photo/Richard Drew, file PAUSEFORTHOUGHT: In this Aug. 11, 2010 file photograph, spec ialist Patrick Murphy, left, works at his post on the floor of the New Y ork Stock Exchange. Stocks waver as investors take profits and see deals INTERNATIONAL BUSINESS N EW YORK Oil prices were little changed Mond ay as traders watched the stock markets for clues about the pace of economic growth, according to Associated P ress B enchmark oil for November delive ry added 3 cents to settle at $76.52 a barrel on the New York Mercantile E xchange, after falling to $75.52 earli er in the trading session. Stocks ended the day lower, with the Dow Jones Industrial Average off about 48 points. Oil traders often look to stock mar kets as a barometer of overall investors entiment. Indicators I nvestors will be closely watching the latest indicators on U.S. consumer c onfidence on Tuesday and second quarter gross domestic product on Thursday, figures "which could make or break the equities rally," according to The Schork Report, an energy consultancy. "Perhaps not surprisingly, speculat ive flows into the oil market have been s low to pick up," said KBC Energy Economics in Britain. A lot of money is waiting on the sidelines that could be invested in oil when the time is right, but that moment does not seem to have arrived just yet." I n other Nymex trading, natural gas f ell as tropical storms threats to Gulf of Mexico production evaporated. Nat ural gas lost 8.1 cents to settle at $3.800 per 1,000 cubic feet. Heating oil fell 0.78 cent to settle at $2.1228 a gallona nd gasoline added 0.17 cent to $1.9488 a gallon. In London, Brent crude lost 30 cents to settle at $78.57 a barrel on the ICE Futures exchange. Oil prices mostly flat as equities decline AP Photo/Hasan Jamali PRICESFLAT: O il prices were little changed Monday as traders watched the stock markets for clues about the pace of economic growth.
B y ALESHA CADET Tribune Features Writer R o smarie L Josey, the p resident of the Nurses A ssociation of the B ahamas (NACB r eturned from the International Council of Nurses Leadership Institute in Genev a, Switzerland with a wealth o f information to share with h er colleagues regarding personal development enhancement of nurses and nursing along with health care. Ms Josey told Tribune Health that her personal vision is for the country t o become known for quality and excellence services throughout the Commonwealth by 2016. It was significant that the Bahamas was represented at the conference. "Of the more than 130 member countries of International Council of Nurses (ICN represent The Bahamas as one of the 30 participants at the Global Nursing Leadership Institute held in Geneva Switzerland," Ms Josey said. Leadership She explained that the GNLI provided an opportunity to strengthen the leadership of the NACB Locally and Internationally and the opportunity to network with global nursing leaders was one of great value to The Bahamas. "There is a strong possibility that The Bahamas will one day host the Global Nursing Leadership Conference as well as the ICN conference (ICN has over 3 million nurses membership worldwide)," she said. In preparation for the GNLI, participants were required to submit a country profile which included information regarding countries populations, the number of nurses and doctors in country, identification of the top three causes of death in our country, the three key issues and challenges facing our countrys health services and key issues for nurses/nursing in the country. According to the Nurses Association of the Commonwealth of The Bahamas (NACB believed to be at a critical stage of its development in the Global Nursing Leadership arena. The GNLI in Geneva provided a rich learning environment in which all members were considered equal and were from a rich diversity of country and regional backgrounds, professional backgrounds, age and experience in nursing. Among the many benefits derived from the Institute, participants left with a deeper understanding of glob al health care challenges, better equipped to build strategic alliances, able to identify their leadership strengths and areas for improvement and prepared to take on higher leadership roles nationally and globally. Having attended the GNLI, Ms Joseys states that her vision for nursing and health services in the Bahamas is that we will become known for quality and excellence in service, throughout the Commonwealth countries. The NACB believes that the GNLI was very timely, as the local association is currently preparing for its annual conference to be held November 18 and 19 at the Sheraton Nassau Beach Resort. Ms Josey told Tribune Health that the focus of the workshop this year is "Leadership" and the topics to be explored include; Advocacy and Lobbying, Strategic Thinking, Strategic Planning and Working with the Media. The conference will culminate with a celebration of Excellence in Nursing Leadership at a Gala Ball to be held Saturday November 20 at the Sheraton Nassau Beach Resort. More than fifteen nurses will be honoured in recognition of their invaluable contributions to the NACB and the nursing profession. Collaboration "It is envisioned that the Associa tion will one day host a Global Nursing Leadership Conference in the Bahamas," Ms Josey said. "We recognise the need to work together as a collective body and in collaboration with other health care organisation and key stakeholders to influence Health Care Policies and to bring about positive changes in the delivery of quality health care to all," she said. "Professionalism and academic excellence will be the benchmark by which nursing and health services will be valued and respected. It is my belief that as nurses and women become more involved in politics in our countries, we will discover the benchmark where effective nursing leadership will become the vehicle that will influence and shaped standards of nursing practice and health policy in our respective countries. By the year 2016, nurses will become the only voice that speaks with authority on nursing matters, she said. The NACB represents nurses in the Bahamas nationally, regionally and internationally. The purpose of the association is to promote the high est possible standard of nursing practice, encourage professional and educational advancement for nurses and to ensure that all people irrespective of nationality, race colour or social origin may have optimal nursing care. NACB president returns from International Council of Nurses Leadership Institute FROM LEFT: Mrs. Rosemarie L. Josey (President NACB ton (CEO ICNfacilitator GNLIS hrestha (GNLI Participant from Nepal C M Y K C M Y K WOMAN THE TRIBUNE TUESDAY, SEPTEMBER 28, 2010, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM health B ODYANDMIND T h e T r i b u n e SWEET peppers are warm weather lovers so we should get them started as soon as possible. They do well dur ing our mid winters but even better when the conditions are balmy rather than blus tery. Sweet peppers along with hot peppers, eggplants, pota toes and belladonna are members of the Solanaceae family. They are plants that like their space and do not like to be crowded or to have to share their area with weeds. Even when planting sweet pepper seeds you must take care to firm the soil over them with your knuckles so that germination is better assured. Sweet or bell peppers come in many shapes, sizes and colours. The traditional blocky cylindrical pepper can be long and tapering as well as mature at two inches tall, perfect stuffed as an hors doeuvres presentation. The traditional green pep per comes in red, yellow, orange, purple and chocolate and the last packet I bought was marketed as Stoplight Peppers: red, amber and green. Green peppers will turn red if left on the parent plant and turn sweeter at the same time. That said, peppers should be harvested as soon as they are mature to ensure continued production. Best started in pots, pep pers can be transplanted into well drained soil when about six inches tall. A handful or two of commercial cow manure or compost can be dug into the soil an inch or two below where the roots will be planted, along with a small amount of time-release fertiliser. Once the transplant is happily ensconced you can apply a side dressing of timerelease fertiliser to last the plant for the next few months. Water is very important for peppers as they will drop young fruit if stressed. Even moisture is essential and the young plants should be watered daily. It is not good for pubescent girls to have babies, nor is it good for sweet peppers. If your plant puts out flowers b efore reaching 9 inches or so tall, nip them off. Once fruits are established you may wish to add a small side dressing of superphosphate. This helps increase the size of the fruits. Winter sun is rarely a problem but in late spring and thereafter you may have to shade your pepper plants to prevent the fruits suffering from sunscald. Its a pity to grow a lovely pepper then have to throw it away. As mentioned earlier, eggplants aubergines, if you will are closely related to peppers and are grown in identical manner. Eggplants do not have the range of colours that peppers display but there are orange heir looms. Normally eggplants are purple and ivory, the mixture sometimes almost pink, and it is the patterns of the skin that are entrancing. The most reliable producer in our area is Black Beauty, a large allpurple variety. Because it is large we may be tempted to worship size ahead of eating qualities. Eggplants should be picked as soon as they are mature, maybe even a few days early. Eggplants left on the plant for too long turn spongy and inedible, the seeds hard and unpleasant. Do not try to pick eggplants with your bare hands. The stem bears prickles and is very tough. It is best to use secateurs or large scissors to remove the fruits. Plan to use your eggplants the same day they are picked. Eggplants do not improve off the parent plant and lose the firmness that is the hallmark of perfection. Old eggplants mop up oil when they are cooked while freshly picked ones are less prone to satu ration. Both okra and eggplants have slippery textures and many people resist eating eggplant because of this. Properly prepared, however, eggplants are not mucilagi nous and can even be crisp. firstname.lastname@example.org GREEN SCENE By Gardener Jack MORE and more often school children are carrying too much weight, and it may be causing undue back pain. But stress is not the culprit, backpacks are heavy, bookladen backpacks. It is not uncommon to see a school aged child walking home or waiting for their ride with a backpack that appears to be straining the child. One cant help but be concerned that this burden is causing signifi cant pressure on the young body. And if it is a strain, could more chronic problems develop from it? When I was a schoolgirl we carried our books in school bags that had a handle like a suitcase, and I never had back pain and never heard any of my classmates or friends complain of back pain. As a chiropractor in the Bahamas I am amazed at how many young kids and teenagers now have back pain and are brought into my office because of it. The reason this is occurring is because kids are overloading their backpacks. Kids should not carry more than 15 per cent of their body weight, so if the student is 100 pounds that would be about 15 pounds but they are carrying 20, 30, and even 40 per cent of their body weight which would stagger an adult. Kids are also using only one strap over one shoulder, this alters their gait and posture to accommodate the asymmetric load. The complaints that the kids have can be one or a combination of the following: upper and lower back problems, headaches, tingling in the arms and fingers, aching knees, pinched nerves, and strained necks and sore shoulders. Backpacks can also aggravate scoliosis (curvature of the spine) especially for teenage girls. The American Chiropractic Association takes the view that improper use of backpacks can lead to muscle imbalance that could turn into chronic back and neck problem later in life. If we want our children to grow up straight, strong and healthy we as parents need to make sure that their backpacks are worn properly and do not exceed the recommended 15 per cent of their weight. Another option which is new is a back pack with an air pack in it which helps lift the weight off the childs back. I ordered these back packs for my kids and they have said that is has helped and made carrying a backpack more comfortable. Another option is a backpack on wheels though most kids do not like this option because very few kids use backpacks on wheels. Here our some guidelines to use so your kids will stay healthy: Use a pack with wide heavily padded shoulder straps. Choose packs with separate compartments that will help distribute the load evenly. Place heaviest items closest to your back, and distribute the load on both the right and left. Wear the straps over both shoulders adjusted so the pack is held against the back. Only carry true necessities see if there are items you can leave behind. Make sure the pack has no loose or dangling cords, strings, key chains, etc that can snag and cause an accident or injury. When wearing a backpack, lift by bending knees and using legs, not by bending over. The weight of the filled pack should never exceed 15per cent of a childs weight. Children should always remove backpacks when biking, skating, swinging, or using other playground equipment. If there are any questions call Life Chiropractic Centre, #7 Vil lage Road, Tel: 393-2774 or email email@example.com Kids backpacks = pain in back By SUSAN DONALD DC Sweet peppers & eggplants IDEAL: The ideal bell peppers are solid, blocky and heavy.
WHENyou say you are giving a person the benefit of the doubt it assumes you have a nagging doubt and you will choose to overlook it given the limited facts you possess. In other words, you are giving the person the advantage of being inno cent until proven guilty. Before there are facts There are some who endow the benefit of the doubt not knowing much about the circumstances or the person receiving the benefit. This is appropriate when you are new to a role or environment and you don't know much about the players and the related dynamics. In cases like these, knowledge of the facts is usually limited so it is impor tant to consider the facts you have because personalities, power structures and working relationships are not yet adequately understood. After gathering the facts There are others who propose the benefit of the doubt after knowing the players. They are familiar with historical and current data, and they understand the dynamics of relevant relationships. In cases like these, when you give a person the benefit of the doubt inappropriately, your credibility can be called into ques tion. This is because it may appear that you are taking the course of least resistance by saying you are offering the benefit of the doubt but all you are doing is hiding behind this statement, using it as camouflage for avoiding tough decisions. There is another type of person who bestows the benefit of the doubt in a situation where a person they know well makes a mistake or veers away from typical behavioural patterns. Their rationale is that the per son receiving the benefit of the doubt will eventually revert to their traditional patterns of behaviour. If the person receiving the benefit does not revert to their traditional pat terns, the person bestowing the advantage may decide to retract the benefit of the doubt if the new behaviour becomes the norm. Temporary vs. Enduring Trust Providing the benefit of the doubt may be safer that than offering a more enduring version of trust because the benefit of the doubt can be used as a tool to wait and see if there are actual grounds for trust. From this perspective, the benefit of the doubt is granted on a tempo rary basis because it can exist until you eliminate the doubt. When you grant a person the temporary suspension of your doubts to allow them time to solidify their position, the burden of proof is typically on the person being given the benefit of the doubt. However, there are times when the person bestowing the ben efit of the doubt seeks to prove or disprove the doubt because of personal agendas. Withdrawing the Benefit of the Doubt If the benefit of the doubt was given initially and additional facts become available, two important questions to ask yourself are, Should I cease giving the benefit of the doubt and if so, why? I have witnessed cases where the facts are revealed, proving the benefit of the doubt is no longer deserved but the beneficent one continues to generously endow the benefit of the doubt. This could be due to fear of confrontation or an inability to iden tify changes in a situation. Resisting Assignment of the Benefit of the Doubt There are others who don't or seldom assign the benefit of the doubt and require evidence of every single thing. While this is perceived as a safe point of view and an account ability tool, constant risk aversion can be draining for the people in the environment because it can lead to decision paralysis. 4 Tips for Building Accountability and Trust Here are three tips you can con sider to help you reduce the risks associated with erroneously granting the benefit of the doubt. Get the facts: Be careful of the peo ple who present opinion as fact. When you ask specific questions, these people cannot produce evi dence supporting their opinion or position, so ask clarity seeking questions like, can you bring me the document or report? Or what are you basing your assertion on? Don't be afraid to constructively confront uncertain situations. Once you obtain the facts, analyse them by asking yourself if the facts support the doubt or the opposite view. It is important to review the facts because it is important to avoid creating a situation where the benefit of the doubt becomes an entitlement and causes laziness or mediocrity. Build desired skills : If you are a team leader, another action to consider is to provide training or coaching opportunities to members of your team where appropriate. No matter how long a person has been in a posi tion, a lack of skill may be an underlying issue. Avoid Spin: If you are being doubted it may be that your credi bility is questionable because you spin the truth. While spin is inevitable because we all have dif ferent ways of filtering information, building your integrity through being forthright can help to dispel doubts other have in you. Timing : Ask yourself if you are giving the benefit of the doubt early on in the working relationship to be fair or after it has been proven that the benefit is no longer deserved. If it is no longer deserved, are you taking the path of least resistance or have you been fooled by manipulation? The benefit of the doubt, when used optimally, is a temporary tool. Therefore, conscious steps should be taken to get the facts so that you are making decisions based on reliable information. Yvette Bethel is CEO of Organization al Soul, an HR Consulting and Leadership Development company. If you are interested in exploring how you can create higher performing team leaders, you can contact her at firstname.lastname@example.org NEWBORNpuppies and kittens are for all practical purposes completely helpless; they rely on their mother for warmth, food elimination and cleanliness. They are unable to regulate their body temperature for the first 6 days of life and require an external heat sourceto stay warm for 1 to 3 3 weeks of life. They nurse from the mother e very 1-2 hours for the first week and the mother licks their external genitals both to stimulate urination and defecation and clean them after feeding. Approximately 14 days after delivery, the puppies and kit tens eyes open but have limited v ision and several days later, their e xternal ear canals open. By 18 days of age, they begin to more around and explore their environment. It is important to: 1. Keep puppies and kittens in a small box with sides high enough to both keep them inside and to prevent drafts. 2. Raise the bottom of the box off the floor and cover it with padded disposable materials such as indoor and outdoor carpeting 3. Do not use a material that gets s lippery when wet 4. Consider using covered hot water bottles or heating pads to keep the environmental temperature stable, do not use set heating pads on higher settings because severe burns can result. 5 .Maintain a temperature that p rovides the puppies or kittens rectal temperature of 96 to 97F for the first week of life. O rphan Puppies and Kittens Hand raising orphan puppies and kittens requires a great deal of time and effort. The ideal solution to the problem of caring for a motherless newborn is to locate a lactating mother that will accept the newborn and raise it with its own. When a foster mother is not available, it is necessary to hand feed the puppy or kitten until about 4 weeks. However leave the newborn with littermates between feeding during this time so it can interact with others to learn appropriate social behav iour. Puppies and kittens are usually mature enough to be sold between 6-8 weeks if age. Feeding orphaned puppies and kittens that still require mothers milk can be rewarding. The most obvious alternative is to find a foster mother. If that is not an option, it is necessary to hand feed this newborn a replacement food that is a prototype of the mothers milk. Various modifications of homemade or commercially prepared milk formulas are available. A recommended homemade prepared milk formula for puppies. 120 ml cows or goats milk 120ml water 2-4 egg yolks 1-2 teaspoon of vegetable oil 100mg of calcium carbonate A recommended homemade formula for kittens 90ml condensed milk 90ml of water 120ml of plain yogurt 3 large egg yolks The average puppy or kitten should receive daily approximately 13 ml of milk per 100 grams of body weight for the first week of life. 17 ml of formula per 100 gram during the second week, 20 ml of formula dur ing the third week, and 22 ml of formula per 100 gram daily during the fourth week. This amount of formu la should be given in equal portions 3-4 times a day for the first 3 weeks of life. This formula should be warmed before feeding to about 100F or to a temperature near the animals body temperature. The easy or safest way of feeding formula to nursing puppies and kit tens is by a nipple bottle, a dosing syringe or by a tube, however nipple bottles are preferred. Why do people cheat? WHY do people cheat?' is l ike a million dollar quest ion. We could spend hours speculating because the odds o f getting it right would be like shooting for the stars. Asa n outsider, looking in, we all t hink the answer is obvious, b ut clinical practice shows us t he complicated web that j oins two people. Certainly, there are those who seemed to be wired differently and who find the whole concept of monogamy inconceivable. Theym ay not admit it, but their lack of remorse reinforces their underlying thought pattern. Living life in such af ashion is habit forming and many in no way want to change. Some are h onest and upfront about their intentions, while others live life surrounded with deceit and lies. T hen, there are some people whose psychopathology predeterm ine their behaviour and consequently have difficulty changing. By t he time we reach midlife, there is a good chance we have met or been i nvolved with such a person. From the first time we become aware of it we change the course of our lives. Do we work at forgiving the firstt ime? What happens if it happens again? Does the deceiver become comfortable knowing that you will always be there? Does the betrayedw orry they will be perceived as weak by taking their partner back? F idelity A s devastating as it is to discover your dating partner is being unfaithful it still provides a way out. Therem ay have been verbal commitment, but no formal agreement or vows w ere made. These are pivotal moments in a couple's life and the course of their relationship is decid-e d from that moment. Facing the reasons why a certain behaviour h as taken place is excruciatingly painful. Understanding the need to talk about it is overshadowed by the heavy weight of anger and rejection. Blame is quicklys lammed on the wrong doer who in turn reacts defensively. For many, time passes and day to day life keeps them busy. Many of us are procrastinators and find puttingt hings off much easier. Trust has quickly been extinguished and secrecy often prevails. The core principles of relationship therapy is to work at restor-i ng the intimate bond between a couple. Consciously working at m aintaining this delicate bond, and ensuring the glue that keeps people t ogether, does not come unstuck. For many, there are underlining relationship and sexual issues. Basicp rimary needs have been overlooked or ignored. Feelings of betrayal prevent a willingness tol isten to the other person's story and so things remain in limbo. The a bility to express and listen to unmet needs proves a daunting task for many. When the pain is so greatj ust being in the room, looking in the eye, or having to interact with t hat person seems impossible. Years of not feeling truly connected, or even understood means that a foundation for forgiveness is even harder. P ride can get in the way of seeking out a trained professional. The very idea of saying out loud details of our private life may seem embarrassing. It may seem easier andm ore satisfying to find someone to fulfill those missing needs. It may solve the problem today but the reality is that it usually ends up making things more complicated.T hey are able to justify their actions and believe they 'had no choice'. T houghts of something new and refreshing in our lives are not u ncommon. Our minds play paradoxical games between what is expected of us and the things wed esire. This is how fantasies are formed. But making them reality crosses the border and we need toa cknowledge that clear choices were made. W ith out a doubt 'crisis' often drives us to seek out a therapist. The sadness, anger, humiliation pro-v okes so many questions from the betrayed. Talking to a third person i n the room allows things to be said and heard which otherwise would probably not be said. The role of the therapist is to gradually help all concerned find some personal andi nterpersonal meaning, to the chaotic mess. Time puts a different perspective on things. Persevering through the crisis, and salvaging the couple, allowsh ealing and future relating. Affairs are often the prelude to divorce .It is interesting to contemplate that if all couples considering divorce were to come for counseling how manyr elationships could be saved. Can we really put a cost on the damage, b oth financial and emotional, if we leave things unattended? At least b y getting professional help you will be able to say you really tried. Maggie Bain is an individual and couples relationship therapist. She is a registered nurse and a certified clinical sex therapist. Listen to 'Love on the Rock' with Maggie Bain every Thursday 5pm-6pm on Island FM 102.9. For appointments call 364-7230, e-mail relateba email@example.com or visit www.relate-b ahamas.blogspot.com. By MAGGIE B AIN L OVING RELATIONSHIP C M Y K C M Y K WOMAN PAGE 10B, TUESDAY, SEPTEMBER 28, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Nursing newborns By DR BASIL SANDS The benefit of the doubt By YVETTE BETHEL
By RENALDO DORSETT Sports Reporter firstname.lastname@example.org WITH NBA training camps tipping off in cities across the US this week, one Bahamian hopeful to the world's premier professional league looks to solidify a contract berth with his franchise. Magnum Rolle received an official invite as the Indiana Pacers opened training camp during its media day yesterday to outline the teams goals and plans for the immediate future. As of today, Rolle remains unsigned by the Pacers but will be assured a spot in the club's training camp for an opportunity to fight for one of 15 final roster spots. S ince draft night and throughout the NBA Summer League, Pacers executives and coaches have raved about Rolle's performance and potential to fit into the team's immediate future. The Pacers have reportedly made attempts to explore trade scenarios or possibly release players to clear a space for Rolle. Pacers general manager David Morway has stated that "the best 15 players will be in the final roster." The Pacers currently have a full 15man roster, but are thin at R olle's power forward/center position with several players vying for playing time. After trading away incumbent starter Troy Murphy, the Pacers list of power forwards include Tyler Hansborough, Josh McRoberts and Solomon Jones, while Roy Hibbert and Jeff Foster are listed at center. Rolle and second-year player Lance Allred are the only two unsigned players invited to Pacers camp, which brings the total number of players to 17. Training camp workouts for the t eam begin today with the first preseason matchup set for tip off October 6 on the road against the Memphis Grizzlies. Rolle finished play in the 2010 AirTran Orlando Pro Summer League with an impressive statline at the end of the five-game exhibition series at the Orlando Magic's RDV complex in Orlando, Florida. In just over 28 minutes per game, Rolle averaged 13.4 points, seven rebounds, and two blocks per game. He shot over 57 per cent from the field and 62 per cent from the line. I n easily the most thrilling game of the 2010 AirTran Orlando Pro Summer League, the Pacers overcame a 27-point deficit and outscored the Celtics 36-16 in the fourth quarter for the come-from-behind win. Rolle led the comeback and had C M Y K C M Y K TUESDAY, SEPTEMBER 28, 2010 T HETRIBUNE PAGE 15 PAGE 12 NFL round-up... TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Krumm upsets Sharapova at the Pan Pacific Open... See page 13 I AAF World Junior Championships gold medallist Shaunae Miller is indeed the best talent we have, both past and present, coming out of the Bahamas, says Olympic medallist Debbie Ferguson-McKenzie. Ms Miller, in my humble opinion, is indeed the best talent we have, both past and present, coming out of the Bahamas. Being extremely talented, hardworking and focused in that I know that she will continue becoming the best because she has such a natural talent for it, said Ferguson-McKenzie. At the 13th IAAF World Junior Championships on July22, 2010, in Moncton, Canada, 16-year-old Miller clocked 52.52 seconds to pull off the upset victory over world leader Margaret Etim of Nigeria to hand the Bahamas its only medal at the new Olympic stadium. In celebration of Millers achievements, a reception is all set for September 30 at the Compass Point Beach Resort, West Bay Street. Ferguson-McKenzie is expected to serve as the even ts moderator. A number of guests, including Olympic medallist Pauline DavisThompson, Government and BTC officials and Millers family and friends (who are set to make special presentations) are expected to attend. Like a flower, we need to care and nourish this delicate gem, not just her talent, but also her soul, both on and off the track. Ensuring that she surrounds herself with the right people who will steer her in the right path, Ferguson-McKenzie added. Sponsored by the resort, SageEden Marketing & Event Planning in conjunction with Club Monica Athletics, BTC and Bahamas Athletics, this event serves to encourage Bahamian athletes who continue to place the Bahamas on the interna tional stage, according to a press statement. Considered by many as the Usain Bolt of the Bahamas, Miller said that when she begins a race, her mind is set on winning. Its just that I dont like to lose knowing that I have the best training from coach Woodside, she said. Encouraging other upcoming athletes, Miller said: Keep your head up and never give up, rather always believe in yourself and see yourself winning before you actually do. Miller said she is grateful that the reception is to be hosted in her honour. It encourages me to continue to win gold for the Bahamas, she said. While noting the importance of celebrating athletes who continue to place the Bahamas on the world stage, BTC marketing manager Marlon Johnson extended congratulatory remarks on behalf of the management and staff. We are very proud of youth like Shaunae who are focused and driven to get the gold. BTC encourages all youth with a dream to take note of Millers example b ecause you too can be best among the best in the world. Johnson said discipline and consistency are key ingredi ents for any successful story, and reminded parents to continue to encourage their chil d ren to develop and nurture their inner gifts. Kermit Taylor, founder of Bahamas Athletics, said: I had the good fortune of observing Shaunaes talent when she was just a diamondi n the rough. Four years ago she came to Club Monica and as a result of working with Diane Woodside over the past four years, the patience and talent combined got her to the point she is at today. Taylor said that in 2009, Miller made her first national team and represented the Bahamas at the Carifta Games. However, this year she grew tremendously both personally and athletically, he added. Taylor said: Whatever competition came her way, she met the competition head on and made a name for herself. After winning a gold medal at the Carifta Games, she went on to the Dominican Republic in the under-17 girls 400m, won the gold medal and set the new national record, he said. Coach Diane Woodside, president of Club Monica Athletics, said watching Miller mature into the athlete that she is today has been a joy. According to Woodside, Miller was initially interested in the 300m hurdles, but coach Woodside noticed that she could be a great long dis tance runner as well. Shaunae did a lot of distance running and field events and because she is tall and slim, I knew that she could have been a very good sprinter as well, Woodside said. She also ran the 100m in the Carifta Games. She ran about 11.9 seconds, which is very good for her age and stature. By the end of that particular year, I saw that she also could have possibly been a n excellent 400 runner. So we went into the Pan Am Games last year where she was a part of the bronze medal winning team. By the age of 14 she ran against seniors, and that Pan Ameri c an team is usually under 20. She was about 15 at that time. So this year we really concentrate on the quarter mile as well as sprinting and she made it with the team to run the 400m hurdles and the 300, she said. Describing Miller, Wood side added that she stands out above the rest at six feet, as well as in character and personality. She is really athletic, she listens well, is very respectful, co-operative, wellmannered and she has natur al desires to win and do extremely well in track and field. Shaunae loves track and field, she said. The strongest quality Woodside seeks to develop is humility. I dont like to blow athletes up too big, but I think Shaunae can handle this because she is a very humble person and she has had an extremely great year, she said. I believe that its fitting for her to be recognised for achieving a gold medal champion title at age 16. She will also have another opportunity in two years. Sharell Ferguson, chief executive officer of SageEden Marketing, Event & Image Consultancy, explained that her company is pleased to Golden girl: Shaunae Miller is the best talent we have Olympic medallist Debbie Ferguson-McKenzie expected to be the moderator at Compass Point reception in Millers honour GOLD MEDAL GLORY: Sixteen-year-old Shaunae Miller runs for the gold at the 13th IAAF World Junior Championships on July 22, 2010, in Moncton, Canada. Miller clocked 52.52 seconds to pull off the upset victory over world leader Margaret Etim of Nigeria to hand the Bahamas its only medal at the new Olympic stadium. (AP Photo DEBBIE FERGUSON-McKENZIE Magnum Rolle eyes a spot on Pacers roster S S E E E E p p a a g g e e 1 1 4 4 S S E E E E p p a a g g e e 1 1 4 4
By STEVE DOUGLAS Associated Press Writer LONDON (AP D efending champion Inter Milan and nine-time titleholder Real Madrid will look to rediscover their cutting edge up front when they renew their Champions League campaigns this week. Inter, which drew its opening Group A match 2-2 with FC Twente and next plays W erder Bremen, relinquished its sole lead in the Italian league at the weekend when it lost 1-0 to AS Roma for its first Serie A defeat. Madrid, meanwhile, was held to a goalless draw at Leva nte on Saturday and will expect more when it travels to Auxerre for its second Group G match this season as coach Jose Mourinho con tinues his bid for Champions League success with a third t eam. Inter coach Rafa Benitez's mood will not be helped by the potential loss of striker Diego Milito, who is doubt-ful for the Bremen match after injuring his thigh against Roma. "We need to be strong in the final third," said the former Liverpool manager. "We had 15 shots on goal (against Roma) and couldn't take anyof them and that is a problem for us. "We need to find the right balance. We have to analyzew hy we didn't score." Inter striker Samuel Eto'o, who is joint top of the Serie A goalscorer standings with five goals, scored the team's equalizer at Twente as the reigning champions earned a p oint from what proved to be a tough opener against the tournament newcomers. Bremen also opened up with a 2-2 draw against Eng lish side Tottenham, which isat home to Twente on Wednesday. M adrid remains unbeaten in the Spanish league and kicked off its European campaign by beating Ajax 2-0. But Mourinho, who guid ed Inter to Champions League glory last season, is worried about his side's goalscoring issues which he believes has cost it four points in two domestic matches. "I am obviously concerned because we need to score," said Mourinho. "We are a sol id team in defense. We have only allowed one goal in six official games five in La L iga and one in the Champi ons League and our tactics aren't the problem, but we aren't scoring." Kaka is still out with a knee injury but Madrid team doc tor Carlos Diez said the Brazil attacking midfielder, who has n't played since the World Cup, was making good progress. "He is almost free of symptoms at the moment," said Diez. In the group's other match, AC Milan and Ajax who have won 11 European Cups b etween them meet at the Amsterdam ArenA. Milan ended a three-match winless run in Serie A by edging Genoa 1-0 on Saturday to give the players a welcome morale boost. "We will go to Amsterdam with renewed determination," Milan left back Luca Antoni ni said. "It was fundamental that we got the three points (against Genoa from a psychological point of view with the match against Ajax coming up." Barcelona, which began Group D with a 5-1 thrash ing of Panathinaikos, travels Wednesday to Rubin Kazan,w ho beat the Spanish champion 2-1 at the Nou Camp in last year's tournament Barca come into the match on the back of a 3-1 win at Athletic Bilbao its third successive victory in La Liga. Against Panathinaikos and Atletico Madrid, we were in good form and we did not do so well against Sporting Gijon (which Barcelona scraped past 1-0 at home). The team is fine and we are competingw ell." Lionel Messi was expected to be missing for Barcelona but the Argentina forward has been included in the squad that travels to Russia. Messi, who hurt his ankle in a league match against Atletico Madrid eight days ago, hasn't yet been given the all-clear by the club's medical staff to return to action. Brazil defender Adriano definitely misses out forB arcelona with a muscle strain. Panathinaikos hosts FC Copenhagen in the other match. Elsewhere Wednesday, Valencia hosts Manchester U nited and Bursaspor goes to Rangers in Group C, while Group B play sees Hapoel Tel Aviv hosts Lyon and Schalke is at home to Benfica. On Tuesday, Chelsea hosts Marseille as it looks to followu p an opening Group F win at Zilina, which visits Spartak Moscow, and Arsenal travels to Partizan Belgrade and Bra ga hosts Shakhtar Donetsk in Group H. In Group E, Basle is home to Bayern Munich and Roma hosts Cluj. C M Y K C M Y K LOCAL/INTERNATIONAL SPORTS PAGE 14, TUESDAY, SEPTEMBER 28, 2010 TRIBUNE SPORTS TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM MANCHESTER, Eng land (AP United says Wayne Rooney will miss Wednes day's Champions League game against Valencia because of an ankle injury. The England striker was substituted in the 61st minute of United's 2-2 draw at Bolton on Sunday and the Premier League club says he will not be part of the squad that flies to Spain on Tuesday. United said on its website Monday that even though Rooney's injury is "not thought to be serious," he will miss the game against the Spanish leaders. United drew 0-0 with Rangers in its opening Group C match. It is already without injured wingers Ryan Giggs and Antonio Valencia. Wayne Rooney out of United-Valencia match INJURED: Wayne Rooney trains with teammates at Carrington training ground. (AP Photo Madrid, Inter look to find cutting edge in Europe THE SPLITS: Roberto Rosales of FC Twente battles for the ball with Samuel Eto'o (right their first round group A Champions League match at the Grolsch Veste stadium in Enschede, Netherlands, earlier this month. (AP Photo his best game of the Summer League thus far with his first NBA double double, finish ing with 19 points and 11 rebounds. He shot 8-13 from the field while adding three steals and a blocked shot. He was selected by the Indiana Pacers with the 51st pick in the NBA Draft and became the first native Bahamian to hear his name called on draft night in over 30 years. The Oklahoma City Thunder originally held the rights to the 51st pick, however they agreed to swap picks with the Pacers who held the 57th pick and selected Ryan Reid. The 6'11" 230-pound for ward out of Louisiana Tech joined a Pacer draft class which also includes Fresno State forward Paul George and Cincinnati guard Lance Stephenson. The Pacers finished a dis appointing 32-50 in the 200910 season, a distant 10th in the Eastern Conference. Rolle starred on the Grand Bahama high school basketball scene for the St George's Jaguars before relocating to the Laurinburg Institute in North Carolina. After a standout high school senior season, Rolle was signed by SEC powerhouse Louisiana State University. At LSU, Rolle was a part of an historic Tigers team in the 2005-06 season which advanced all the way to the NCAA Championship game before they fell to the UCLA Bruins. Rolle averaged 2.2 points and 2.5 rebounds per game and appeared in 33 of the 36 games for the eventual runners-up on a team which featured future NBA standouts Glen "Big Baby" Davis and Tyrus Thomas. With a depleted roster following the loss of its major superstars, Rolle returned to average 4 points and 4.1 rebounds per game with 31 blocks during his sophomore season. Rolle transferred the following season and transferred to Louisiana Tech where he became one of the top frontcourt players in the WAC Conference. He became a two time all-WAC Defensive team player and was named to the Lefty Driesell AllAmerica Defensive Team in his senior year. Magnum eyes a spot on Pacers roster Golden girl: Shaunae Miller is the best talent we have have the opportunity co-ordi nate this reception in honour of a young Bahamian. Our country has some of the most talented youth and brilliant minds in the world. It is certainly fitting to appreci ate them to the fullest and encourage them to achieve even greater things in life. BODYBUILDING continues to be one of the Bahamas most successful sports on the international level with an impressive showing against top flight regional competition. The 12-member Central American and Caribbean Bodybuilding team which competed in Aruba over the weekend returned with a seven-medal haul, which included four silver and three bronze. Paul Wilson and Lorraine LaFleur led the charge with two medals each. Wilson won second place in the Men's Bantamweight category, while LaFleur took second place in the Women's Heavyweight category. The duo teamed up to take second place in Mixed Pairs. Sidney Outten also won a silver medal in the Men's Super Heavyweight division. The team also got bronze medals from Sharmine McNabb in the Women's Heavyweight, while Tammi Stubbs teamed up with Raymond Tucker for a bronze medal in Mixed Pairs. Chanice Bain won a bronze medal in the women's fitness tall class division, however, Jan Johnson just missed out on a bronze medal in the women's B class figure when she finished fourth. CAC bodybuilders win seven medals MEDAL HAUL: The 12-member Central American and Caribbean Bodybuilding team. F F R R O O M M p p a a g g e e 1 1 5 5 F F R R O O M M p p a a g g e e 1 1 5 5