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Permanent Link: http://ufdc.ufl.edu/UF00084249/01685
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Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 10/21/2010
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Spatial Coverage: Bahamas
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General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
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oclc - 9994850
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By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net S PIN-OFF conditions f rom a closely-monitored t ropical disturbance near the C ayman Islands led weather officials to post a severe w eather warning for the capi tal yesterday. U ntil 6.45pm, residents were advised to remain indoors unless absolutelyn ecessary as it was confirmed funnel clouds, precursors to the formation of tornadoes, appeared in several areas. Michael Stubbs, chief climatological officer at theD epartment of Meteorology, said: We had super cell ( thunder storm cloud) activi ty in the areas of eastern and northeastern New Provi dence, which are known to produce funnel clouds. If c onditions strengthen these can develop into full-fledged tornadoes. Conditions were not as favourable earlier today, however there is still activity around to produce funnelc louds, which is why we issued the warning. Funnel clouds were reportedly sighted on Nassau Street and Soldier Road a nd water spouts were also s aid to have occurred west of Arawak Cay, near where the new port is being developed. Observed Mr Stubbs said: We observed this system and based on what weve seen so far its just New Providence. Its moving from the w est, so chances are Andros m ay also experience some o f its effects as time goes o n. H e added: The National H urricane Centre based in Florida sent a reconnaissance team to investigate how much development is occurring in the disturbed weather system. Their reports will give us an idea o f when it may develop into a depression, and if, ulti mately a tropical storm. R esidents of the capital s hould expect a few isolated t hunderstorms today as meteorologists continue to monitor the disturbance. C M Y K C M Y K LOCAL NEWS PAGE 2, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BACK BY POPULAR DEMAND: THE LOWEST RATES EVER!!!ACT NOW to get the best loan on the market! Come in to Scotiabank today for Flexible Payment Terms and the Lowest Loan Rate Ever and the chance to WIN $5,000!**As low asJust ask. How soon can I move into my own home?*Subject to certain terms and conditions. **Approved customers are automatically entered for a chance to WIN a $5,000 credit to their mortgage principal.7.5%* Severe weather warning issued for the capital A BRAWL between two men resulted in at hird man being shot in the leg on Tuesday. The incident occurred sometime around 5.55pm at Dumping Ground Corner. Police reported that t wo men got into an argum ent that resulted in a third man being shot in his left leg. The victim was taken to hospital in a private vehicle. His condition is u nknown. Police investigations continue. Man shot in leg crime BRIEF L OWPRESSURESYSTEM: T his NOAA satellite image taken yesterday at 1:45 PM EDT shows a low pressure system centred about 160 miles southwest of the Grand Cayman. Although environmental conditions are only marginally conducive for development, conditions are expected to become somewhat more favourable for a tropical depression to form during the next day or so. There is a high chance, 70 percent, of this system becoming a tropical cyclone during the next 48 hours as it driftst o the south or the southeast. Interests in the northwestern Caribbean Sea should continue to monitor the progress of this disturbance. Regardless of development, heavy rainfall is possible over the C ayman Islands and Jamaica during the next couple of days. A P P h o t o / W e a t h e r U n d e r g r o u n d Tropical disturbance near Cayman Islands

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THE Red Cross in the Bahamas is partnering with National Red Cross Societies across the region for the new Caribbean HIV/AIDS Project (CHAP CHAP is a two-year, threecountry project which will use community mobilisation techniques to reach more than 20,000 persons in unique and innovative responses to the HIV/AIDS challenge, the Red Cross said. The goal is to reach 9,000 in the Bahamas, 9,000 in Jamaicaand about 3, 690 persons in Guyana. In the Bahamas, the Bain/Grants Town, St Cecelia, and Farm Road/Centreville communities have been chosen as the beneficiaries of the project. Promoting personal behaviour change and action, CHAPs efforts will give impetus to efforts already established in the fight against HIV in the Caribbean, the organisations said. Red Cross representatives from Jamaica, Guyana, the Bahamas, and Haiti, along with delegates from Trinidad are par ticipating in this launch in the Bahamas this week. Following the launch ceremo ny on Tuesday, they participated in a three-day workshop designed to strengthen the regional teams capacity to implement the project across the targeted Caribbean communi ties. We are mindful of the significant strides local HIV/AIDS ini tiatives have had over years, especially in the area of children born HIV negative to women living with HIV, and in the availability of anti-retroviral (ARV drugs. We applaud local initiatives, and believe our project compliments and support those already established by concerned community groups and govern mental agencies, said Sally Moore, health delegate from the American Red Cross, and leader for the project. THE trial of a man accused of the shooting death of a security guard at the Cocktails and Dreams nightclub continued in the Supreme Court yesterday. Raphael Neymour is alleged to have killed Huel Charles Ferguson on August 30, 2007. Constable Silas Cooper testified yesterday that at around 2.10am on August 30, he was on mobile patrol with another officer when they received information and as a result headed to Cocktailsand Dreams. Officer Cooper said that when they arrived at the scene, the officers received further information and as a result proceeded towards East Bay Street. He told the court that while in the area of Haynes Cricket Oval, he spotted two men running. The officer said that one of the men was tall with braided hair. The other man, he said, was shorter with low cut hair. Both men, he said, were wearing shirts and blue jeans. Officer Cooper said that he and his partner used their vehicle to pursue the two men, who headed towards the entrance to Fort Charlotte. From there, officer Cooper said, he and his partner continued the pursuit on foot. He told the court that he saw the men throw what appeared to be firearms on the ground. Officer Cooper said that he subsequently retrieved a black PM pistol and a silver 357 revolver with a black handle. According to officer Cooper, the two men returned to the area around 6am that morning and appeared to be looking for the weapons. The officer said that the two men were arrested and one of the men gave his name as Raphael Neymour. Officer Cooper identified Neymour in court yesterday. The trial continues today before Senior Justice Jon Isaacs. Neymour is being represented by Wane Muncie. Sandra Dee Gardener is prosecuting the case. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, OCTOBER 21ST, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM t ftf ttff ttf Officer describes pursuit of men on night of shooting Caribbean HIV/AIDS project aims to reach 9,000 Bahamians DELEGATES from countries throughout the Caribbean and representatives from the American Red Cross in Washington, DC, are in Nassau for a three-day conference to launch the Caribbean HIV/AIDS Project.

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By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net BEIJING, China … There is a saying in China … You are not a true man or a hero until you have climbed the Great Wall. This week, 19 journalists from around the Caribbean tested themselves against the massive structure and came away about two hours later, some stronger and with a different perspective of and appreciation for China's culture and history a history that dates back more than 5,000 years. We are here for a twoand-a-half week Professional Training Programme for Caribbean Journalists hosted by China's Foreign Affairs University, aimed at fostering greater understanding between the Chinese and Caribbean cultures. For most of us, the Great Wall was on top of our list of must-see attractions. It seemed as if fortune was on our side as well because the trip was greeted by a sunny, clear sky and chilly but not unbearable weather. JourneyIt was a far cry from weather conditions a day earlier when a visit to another of China's ancient architectural attractions, the Temple of Heaven, was cut short by rain and icy winds. We took about an hour-and-a-half long bus ride from the university in downtown Beijing to a rural area where the wall is located. We left behind the skyscrapers, bus stops and busy streets to see another side of the city where many farmers live in small onestorey structures that look as if they had been constructed in another era. As our bus neared the site, we could see huge grassy mountains in the distance. When I saw the wall my heart skipped several beats. Unarguably one of the most famous architectural sites in the country, and one of the great wonders of the world, the Great Wall stretches along 6,700 kilometres of desert, grassy plains, mountains and plateaux. Pictures I had seen of the Great Wall did not do it justice. As I stared openmouthed at the peaks and summits I wondered how I, a woman with a paralysing fear of heights, would make the climb, and more worryingly, the descent. But I did not travel thousands of miles and spend more than 17 hours on two planes to chicken out. Our tour guide explained that the construction on the Great Wall began during 770-476 BC and 475-221 BC in the Eastern Zhou Dynasty. The walls were constructed to keep enemies out and to prevent the invasion of ethnic minorities. Later dynasties (Han, from 206 BC 220 AD and Ming, from 1368-1644) contributed to the wall's upkeep and improved its structure. Our group climbed the Badaling section, the best preserved portion of the wall in Beijing, which has many slopes, stairs, fortresses and watchtowers. The wall itself is built out of large stone strips. What seemed like thousands of people locals, tourists, toddlers, students, and the elderly meandered alongside my group. I wondered if this climb meant as much to them as it did to me. Some ran gleefully up the uneven stone staircases and steep slopes while others plodded along slowly. Often I stopped in awe to take in my surroundings and to catch my breath in disbelief that there I was, on Chinese soil living out one of my dreams. The dozens of street peddlers and pushy sales persons in souvenir shops hustling to sell cheap memorabilia from the site are a juxtaposition of old and new at the monument. MemorableI don't know if I have been changed by the climb. There was no spiritual awakening or connection with nature like I had anticipated. But as I took each step, careful of my footing and eyes opened wide, I felt more connected to the people around me, all from different parts of the world and walks of life sharing something so personal and public at the same time. As I made each step downwards, my eyes planted on the floor and a colleague's hand firmly in my grasp, I felt proud of and in better touch with myself. The experience is something I will no doubt remember for the rest of my life. Today I can say I am more than a man, I am a woman who has lived out one of her dreams and faced a crippling fear at the same time. C M Y K C M Y K LOCAL NEWS PAGE 6, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM GreatWALLJournalist Taneka Thompson recounts her experience during her trip to the Great Wall of China Facing the test of the

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ONLINE sales of Junkanoo tickets will officially start this Saturday, said Minister of Youth, Sports and Culture Charles Maynard. "Usually tickets go on sale the second week of December and that usually causes a lot of problems for people who are visiting the Bahamas and want to participate in the Junkanoo parades or people who are away in school or from a Family Island," Minister Maynard said at a press conference recently. "We thought that putting tickets on sale early would allow the ticket sales to go more smoothly." Minister Maynard added that he wanted to make it clear that only 50 per cent of available tickets will be online at www.caribtickets.com, at 10am on that date. Walk-up sales, he said will begin December 1. "That is when the other half of the tickets will then be made available for sale," Minister Maynard said. "So, for those who do not have the ability to buy tickets online or those who do not feel comfortable buying tickets online will be able to buy tickets as they usually do." Minister Maynard added that there will be more seats than ever available in Rawson Square this year due to a new configuration. "That will give more people the opportunity to sit in the choice area," he said. "The ticket prices are the same as they were last year, with $45 being the discounted price for seats in Rawson Square and tickets on Shirley Street costing as little as $5." The Boxing Day Parade will take place on Monday, December 27, 2010, beginning at 12.01am and the 2011 New Year's Day Parade will take place on Saturday, January 1, 2011, at 2am. Chairman of the Junkanoo Corporation of New Providence (JCNP) Silbert Ferguson thanked the ministry and the Bahamian public for their support and announced two initiatives that the JCNP have planned for this year. The first is the production of an official Junkanoo magazine for the parade. "Right now we are out there and we are asking our corporate sponsors to support us in this venture because this will be the official magazine of the parades," Mr Ferguson said. He added that the JCNP "will guarantee" that the magazine will be available for sale on January 14, 2011, making it a "very, very bold move on behalf of the corporation." Mr Ferguson said that they have had some success, based on the efforts of various members, but the corporation still needs corporate sponsors to join them. "We will only be producing 5,000 copies of this magazine; so these would be on a firstcome-first-serve basis once the prints hit the shelves," Mr Ferguson said. The second initiative will allow persons interested in getting into the parade to purchase costumes to take part in the Junkanoo Rush, he said. "This will take place at 6am Boxing Day morning," Mr Ferguson said. "If you had not had this experience, this is a golden opportunity for you to get involved with this particular production." The 500-limited edition costumes depict the sun, the water or the shell in the three designs. "These costumes are bright and beautiful and you could place your orders at the Junkanoo Corporation," he added. "Once you place your orders, we will get your sizes and your costumes will be ready and you can pick them up on December 20." Chief executive officer of CaribTickets Colin Wells said his company is very excited with this initiative and realises how important the online access is for those outside the country. FREEPORT Minister for Youth, Sports and Culture Charles Maynard was in Grand Bahama on Monday evening to hand out seed money to the 11 groups set to take part in the annual New Year's Day Junkanoo Parade. Minister Maynard handed out cheques totalling more than $30,000 to the groups during a meeting in the conference room at the Office of the Prime Minister. He also used the occasion to discuss various aspects of Junkanoo on Grand Bahama and hear the concerns of group leaders. While making the presentation of the seed money, Mr Maynard also sent out an appeal to the corporate community to offer financial assistance the various groups, pointing out that outfitting a Junkanoo group is very expensive. "This is so important. Junkanoo plays such a vital role in our society. Most people under estimate the power of Junkanoo. It has a very strong social and civic connection and we have seen in many areas throughout New Providence and throughout the country where a simple starting of a Junkanoo group changes the whole (make up) of a community," the minister said. Mr Maynard said they have seen how through Junkanoo young people are now more focused and are involved in activities they enjoy. "And so it is the same thing in Grand Bahama. So supporting your favourite Junkanoo group not only allows them to put on a spectacular presentation on New Year's morning, but it also allows them to be able to touch lives and have people participate in our number one cultural expression, starting from now in the shacks, at the practices doing things that are important. "So, we are hoping that the seed money is going to go a long way, but we know that in order to get them all the way, we need the support of the corporate community," he said. Chairman of the Grand Bahama Junkanoo Committee Derek King thanked the minister for his comments and commitment to Junkanoo. The 11 groups receiving seed money were: Arawak Invaders, Bushwhackers, Classic Dancers, Harbour Boys, Kingdom Culture, Majestic Crusaders, Superstar Rockers, Swingers, Victory Boys, Bayshore Warriors and the Rotary Club. C M Y K C M Y K LOCAL NEWS THE TRIBUNE THURSDAY, OCTOBER 21ST, 2010, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Online Junkanoo ticket sales to start early this year Grand Bahama Junkanoo groups get seed money COLOURFUL: Minister of Youth, Sports and Culture Charles Maynard poses recently with models, including Director of Culture Dr Linda Moxey-Brown (right), wearing the Junkanoo costumes on sale for the upcoming Junkanoo Rush.

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By CHARLES KNAPP THINK of terrestrial wildlife in the Bahamas and right after brightly feathered and raucous birds youll probably picture lizards. Scurrying up trees, jumping between twigs and leaves, or dashing through leaf litter, lizards are among the most abundant animals on most Bahamian islands. Unfortunately, not all lizards are as abundant as they once were. Bahamians and tourists alike may be fortunate enoughto observe the rare iguanas of the region. These dragon lizards are actually nine species of rock iguanas and two species of common, or green, iguanas that inhabit the rugged terrains of Cuba, Hispaniola, Jamaica, the Puerto Rican Bank, the Caymans, the Bahamas, the Turks and Caicos, and the Lesser Antilles. Each species is unique to only one or a few islands similar to the Galapagos tortoises and are as distinctive as the islands themselves. The Bahamian islands are home to more species of rock iguana than any other West Indian island nation. Three species and a total of seven distinct varieties of rock iguana live in the dry scrub forests and on the beaches of the Bahamas and are found nowhere else in the world. Most inhabit small cays uninhabited by humans, but one species lives on the largest island in the nation Andros. The smallest Bahamian iguanas are one and a half feet long and weigh half a pound, whereas the largest species can reach a length of four feet and weigh just over 20 pounds. Colours and patterns range from solid battleship gray to a kaleidoscope of green, orange, red, blue, yellow and pink. Bahamian rock iguanas have been peaceably munchi ng leaves and nibbling fruit for millennia. Their vegetarian lifestyle is important because they help disperse seeds, which maintains local plant communities. Prey As the largest naturally occurring terrestrial animals on the islands, adult iguanas have essentially no natural predators, although young iguanas may fall prey to birds and snakes. The real threat to the iguanas survival, however, came with the arrival of Europeans and their cats, dogs, hogs, goats, and rat stowaways. Allowed to roam, and sometimes becoming feral, these introduced animals have competed with or preyed on the n ative iguanas. A striking example of the damage inflicted on an igua na population is underscored by a study on one island in the Turks and Caicos where an iguana population of 15,000 individuals was driven almost to extinction in only three years after the introduction of dogs and cats onto that island. The increasing modern w ave of human settlers to the Family Islands also signals the beginning of habitat loss and a booming tourism industry. Protection traditionally offered in the form of isolation has begun to erode as more yachtsmen cruise small Bahamian cays and tourists visit the islands. Humans bring with them their dogs, cats, and nonnative species of iguanas that can out-compete native iguanas, and engage in the unwit tingly harmful behaviour of feeding the lizards. As tourism and human populations have continued to increase in these finite areas, iguana habitat has been destroyed or degraded, and iguanas have been removed for food, for pets, and out of fear. As a result, this group of iguanas now has the dubious distinction of being the most endangered lizards in the world. All are considered threatened, endangered, or critically endangered. In the Bahamas, iguanas now occupy only a tiny fraction of the land where they formerly roamed and population numbers continue to d ecline. Although the overall situation for iguanas remains tenuous throughout the Bahamas, collaboration among the Bahamian government, Bahamas National Trust, and international partners from Shedd Aquarium, San Diego Zoo, Earlham College and Loma Linda University has facilitated research and conservation of Bahamian iguanas. Investigations Some studies have been ongoing for as long as 30 years. These investigations are crucial in order to manage the populations effectively and ensure their survival. One aspect of these longterm studies includes marking o r numbering the animals harmlessly with white correc tion fluid on their sides. Some Bahamians have expressed dismay about numbering the iguanas in the Exumas because they feel it is bad for the tourism industry. All iguana researchers in the Bahamas want to be respectful to Bahamians and work together to save these m agnificent animals. Marking the animals is ultimately necessary so that iguanas are not recaptured continuously during research expeditions. Scientists have all agreed to limit the size of the marks so they are not so conspicuous. However, we urge tour operators to use the marks to advance conversations with their clients about the rarity of the animals, and the studies conducted by Bahamian authorities and their partners to save the species. We all share a role in protecting Bahamian iguanas in order to ensure that future generations have the chance to see these truly magnificent creatures roaming white sand beaches or rumbling through the tangled interior of island forests. For more information on Bahamian iguanas or to make a donation toward iguana conservation research, you can visit the Bahamas National Trust website (www.bnt.bs C M Y K C M Y K LOCAL NEWS PAGE 8, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM %4+2674'*17)*6 Ensuring the survival of Bahamas iguanas Collaboration facilitates research and conservation DRAGONLIZARDS: The Bahamas is home to more species of rock iguana than any other West Indian island nation.

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B y THE CHINESE E MBASSY IN NASSAU L iu Xiaobo, who was sentenced toa n 11-year p rison term in C hina, has recently won the Nobel Peace Prize. The sum of $1.4 million is a fairly good price for the West to start an ideological war against China. I f Liu were not selected, s ome other Chinese on the shortlist, including RebiaK adeer, Hu Jia and Wei Jings hen, would have been the r ecipient. This was bound to h appen. The West will continue to t arget China in its ideological war. It seems the Western way has to be the only waya nd people around the globe should adopt the Western attitudes. In the minds of some Westerners, even if China grows and develops to an a dvanced level, it still needs to surrender to Western ideolo g y. The democracy that the West is trying to export too ther countries advocates freedom of choice. Why is itt hen that the West avidly hera lds individual freedoms, but i t prohibits political diversity among different countries? It seems the West does not c are about the individuality of other societies when it is trying to expand its political systems to other areas of thew orld. It only seems to want total compliance and unconditional support from other n ations with different view points. In some situations, based o n pure interest, the West w ould support authoritarian governments. China has adopted much W estern wisdom since its opening-up. But it refuses to be westernised. The rejuvenation of the Chinese civili sation is its dream. The more China learns from the West, the more confident it becomes i n its own culture. A rising China with different fundamental principles disturbs the West, which is beleaguered by deep economic woes. Discrediting China is a way to maintain the moral superiority of the developed world, and consequently keep the privilege of the West, which helps maximise the interests of the developed countries. T he Nobel Peace Prize is not a lone voice. Actually, it is part of a concerto supplemented by various NGOs, economic identities and international organisations orchest rated by the developed count ries. They hope to harass Chinas growth, and press China to surrender more eco-n omic interests. They even hope that China will one day collapse under the West's ide o logical crusade. From Google threatening to withdraw from China ear-l ier this year, to the Nobel P eace Prize being awarded to a Chinese criminal, the ideological war against China isf ar from over. An open insult to China's legal system T he incident insulted the country's legal system. There are 1.3 billion people in Chi na. It is impossible for a small c ountry like Norway to imag ine the differences within China and the difficulties to advance at an unprecedented speed while maintaining bal ance. Norway has only four mil l ion people. Living extravagant lives and educated in Western systems, the five vot-e rs of the Nobel committee have no idea what Chinese society cares about. What Chinese people are most concerned about are whether decades of livings tandard enhancements can continue and whether national economic development will be interrupted by internal or external unrest. More problems shall arise with rapid e conomic development and s ocial transformation. The only solution is to deal with these problems by strength-e ning the role of law. The implementation of law in China is far less effective t han in developed countries. But China's determination to build its society through ther ule of law is firm. C hina is strengthening the legal process to improve the system. Meanwhile, Chinesem edia is always keen to expose and criticise the privi leged class who bypass the l aw for personal gains. Now the Nobel committee has taken it upon itself to dis credit the Chinese legal syst em. A group of committee members, and the manipulators behind them, awarded a Chinese prisoner with the Nobel Peace Prize, which has great international influence. N o matter what values they hold or how much sympathy they share for this person, thes ignal they sent out was not simple sympathy but encour a gement of the resistance to C hina's existing laws. This is not a debate about democracy, but an indictment of the legal system to encourage dissidents to violate Chinese laws. The overall impacto f the Nobel Prize empowers it with a certain public authority around the world, which was abused by the Nobel committee to damage the authority of the Chinese legal system. I t is not only the mainland C hinese, but also millions of foreigners living in China who are enjoying the benefits oft he Chinese legal system. T he existing legal system in China guarantees the operation of the world's factory" a nd maintains the worlds l argest foreign trade. It is the moral duty of the N obel committee to help China to advance the administration with laws, instead of trying to hamper China by supporting a prisoner with mill ions of dollars and lavish publicity. T he Nobel committee made an unwise decision. China has to pursue gradual political reform The awarding of the Nobel P eace Prize to Liu Xiaobo t riggered a wave of rebuke t oward China's political syst em from Westerners. In the Western sense, China urgentl y needs to overhaul its political system. Days before the Fifth Ple nary Session of the 17th CPC C entral Committee, Western scholars and politicians hastened to provide advice, claiming that China would not c ontinue to achieve substantial economic progress if it still d elays reforming its political s ystem in a Western way. Such an attitude reveals an i gnorance of basic facts in C hina. Walking through China, one rarely meets a Chinese citizen who is against political reform. China no longer has life t enures for official posts and now promotes the principle o f an accountability system, a s well as the practice of mak ing government affairs more public. Isnt these all part of r eform? W esterner's attitudes t oward China's political reform reflect a wide gap b etween how China is developing and how they expect C hina to develop. N umerous scholars point o ut that most countries with s uccessful electoral policies and competitive democracy exist in Europe and North America. Countries in the Third World, where such sys-t ems were enforced, largely suffer from severe poverty, social turmoil and even war. P olitics is never isolated from public life. China's econ omy and society is witnessing d ramatic changes. T ake a close look at the life of an ordinary Chinese offi cial. His origins, way of rising t o political office, daily work, a nd potential consequences of making a severe mistake are quite different from those of 30 years ago. In the case of an ordinary C hinese, his way of acquiring information, freedom of s peech, right to decide his o wn life and protect individ ual property are drastically different from 30 years ago as w ell. C hina has changed a lot. In t he future it will continue to adopt gradualism to bring a bout changes. No force can compel the nation to change w hat cannot be changed at t he moment. This is the true p olitical narrative of a large c ountry with more than 1.3 billion people. China has to continue its political reforms in the future, including drawing beneficiale xperiences from Western democratic politics. However, China will never b e a sub-civilisation, and it will only follow its road-map in a gradual manner. T he Chinese cherish stabili ty. They don't want to let a radical revolution overwhelm current reforms. This article was submitted in response to Larry S miths Tough Call article (below), (http://www.tribune242.com/editorial/Column/10202010_ToughCall_opinion_pg), published in Wednesdays Tribune C M Y K C M Y K T HE TRIBUNE THURSDAY, OCTOBER 21ST, 2010, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The Mercedes M-Class. Beauty, brains and brawn. TYREFLEX STAR MOTORSCall us today for your Mercedes-Benz M-Class at 325.4961Wulff Road, P. O. Box N 9123, Nassau, The Bahamas Fax: 323.4667When you think of the average SUV on the road today, you think of road-h ogging, air-polluting gas guzzlers that wouldnt know the meaning of high precision and fuel efficiency if it were emblazoned on their windshields. But there is an alternative. The refined M-Class from Mercedes-Benz. Withits superior German styling utilising only high-grade materials, its robuste ngine power delivering exemplary turn-on-a-dime performance whilst still being frugal on fuel and its handling of pot-holed roads and 1.5 ft. flooded streets, the Mercedes-Benz M-Class is clearly the best choice in SUVs. Mercedes M-Class-2010.qxd 1/6/10 9:24 PM Page 1 The endless ideological wars against China A PICTURE o f Chinese dissident Liu Xiaobo is carried by a protester d uring a rally demanding his release outside China's Liaison Office in H ong Kong recently. (AP B y L A R R Y S M I T H T H E N o r w e g i a n N o b e l C o m m i t t e e r e c e n t l y a w a r d e d t h e N o b e l P e a c e P r i z e f o r 2 0 1 0 t o a 5 4 y e a r o l d C h i n e s e l i t e r a r y c r i t i c a n d d i s s i d e n t n a m e d L i u X i a o b o f o r h i s l o n g a n d n o n v i o l e n t s t r u g g l e f o r f u n d a m e n t a l h u m a n r i g h t s i n C h i n a I n 2 0 0 8 L i u w a s d e t a i n e d b y t h e C h i n e s e g o v e r n m e n t b e c a u s e h e h e l p e d t o w r i t e t h e p r o d e m o c r a c y m a n i f e s t o C h a r t e r 0 8 w h i c h w a s s i g n e d b y 3 0 3 C h i n e s e a c a d e m i c s l a w y e r s a n d r e t i r e d C o m m u n i s t P a r t y o f f i c i a l s H e w a s f o r m a l l y a r r e s t e d i n 2 0 0 9 f o r s u b v e r s i o n o f s t a t e p o w e r a n d s e n t e n c e d t o 1 1 y e a r s i n p r i s o n S i n c e h i s p a r t i c i p a t i o n i n t h e T i a n a n m e n S q u a r e p r o d e m o c r a c y p r o t e s t s o f 1 9 8 9 L i u h a s b e e n i m p r i s o n e d f o u r t i m e s A n d w h e n n o t i n p r i s o n h e h a s b e e n t h e s u b j e c t o f c o n t i n u a l g o v e r n m e n t m o n i t o r i n g a n d h a r a s s m e n t B e i j i n g s P u b l i c S e c u r i t y B u r e a u a c c u s e d h i m o f s p r e a d i n g r u m o u r s a n d s l a n d e r t o s u b v e r t t h e g o v e r n m e n t a n d c i t e d C h a r t e r 0 8 a s e v i d e n c e a g a i n s t h i m T h e C h a r t e r c a l l e d f o r f r e e d o m o f s p e e c h a n d a s s e m b l y p r o t e c t i o n o f h u m a n r i g h t s e q u a l i t y u n d e r t h e l a w m u l t i p a r t y e l e c t i o n s s e p a r a t i o n o f p o w e r s a n d a n i n d e p e n d e n t j u d i c i a r y w i t h i n a f e d e r a t e d r e p u b l i c T h e d e m o c r a t i z a t i o n o f C h i n e s e p o l i t i c s c a n b e p u t o f f n o l o n g e r t h e m a n i f e s t o d e c l a r e d W e c a n b r i n g t o r e a l i t y . a b r i l l i a n t n e w c h a p t e r t o C h i n e s e c i v i l i z a t i o n A t h i s t r i a l l a s t D e c e m b e r L i u h a d t h i s t o s a y i n t h e f a c e o f t h e o u t r a g e s p e r p e t r a t e d a g a i n s t h i m b y t h e g o v e r n m e n t : I h a v e o n l y e x e r c i s e d t h e r i g h t t o f r e e s p e e c h t o w h i c h I a m e n t i t l e d u n d e r t h e c o n s t i t u t i o n I h a v e d o n e n o t h i n g u n l a w f u l T h o u g h c h a r g e s h a v e b e e n l a i d a g a i n s t m e I w i l l u t t e r n o w o r d s o f c o m p l a i n t L i u d e d i c a t e d h i s N o b e l p r i z e t o t h e h u n d r e d s o f c i v i l i a n s w h o w e r e k i l l e d b y t h e s e c u r i t y f o r c e s d u r i n g t h e 1 9 8 9 T i a n a n m e n S q u a r e c r a c k d o w n B u t t h e C h i n e s e a u t h o r i t i e s d e n o u n c e d t h e a w a r d a s b l a s p h e m y l a b e l l i n g L i u a c r i m i n a l A n d o f f i c i a l c e n s o r s s o u g h t t o p r e v e n t n e w s o f t h e a w a r d f r o m c i r c u l a t i n g w i t h i n C h i n a T h i s i s t h e o t h e r f a c e o f C h i n a A n d e f f o r t s t o q u a s h t h e l a n d m a r k d o c u m e n t k n o w n a s C h a r t e r 0 8 o n l y u n d e r s c o r e C h i n a s f a i l u r e t o u p h o l d t h e v e r y p r i n c i p l e s t h a t t h e c h a r t e r a d v a n c e s T h e c o n t r o v e r s y o v e r t h e C h a r t e r a n d t h e N o b e l P e a c e P r i z e c u t s t o t h e h e a r t o f t h e c o n s t r a i n e d d e b a t e w i t h i n C h i n a o v e r p o l i t i c a l r e f o r m A c c o r d i n g t o P r e m i e r W e n J i b a o i n a r e c e n t i n t e r v i e w w i t h C N N t h e d e v e l o p m e n t o f d e m o c r a c y m u s t t a k e i n t o a c c o u n t C h i n a s n a t i o n a l c o n d i t i o n s W e n e e d t o i n t r o d u c e a s y s t e m t h a t s u i t s C h i n a s s p e c i a l f e a t u r e s a n d w e n e e d t o i n t r o d u c e a g r a d u a l a p p r o a c h B u t e v e n t h a t m i l k s o p a p p r o a c h i s t o o d a n g e r o u s f o r s o m e I t w a s r e p o r t e d o v e r t h e w e e k e n d t h a t a r e c e n t s p e e c h b y t h e p r e m i e r c a l l i n g f o r g r e a t e r p o l i t i c a l o p e n n e s s h a d b e e n s u p p r e s s e d A c c o r d i n g t o a n o p e n l e t t e r w r i t t e n b y r e t i r e d p a r t y o f f i c i a l s t h a t i s n o w c i r c u l a t i n g o n t h e I n t e r n e t A f t e r 3 0 y e a r s o f o p e n i n g a n d r e f o r m w e h a v e n o t y e t a t t a i n e d f r e e d o m o f s p e e c h a n d f r e e d o m o f t h e p r e s s t o t h e d e g r e e e n j o y e d b y t h e p e o p l e o f H o n g K o n g u n d e r c o l o n i a l r u l e M e a n w h i l e C h i n a s e c o n o m y h a s b e e n g r o w i n g a t a n a n n u a l a v e r a g e r a t e o f 9 6 p e r c e n t f o r 3 0 y e a r s r u n n i n g t h e f a s t e s t g r o w t h r a t e o f a n y c o u n t r y i n h i s t o r y I n h i s C N N i n t e r v i e w P r e m i e r W e n d e s c r i b e d t h i s a s a m i r a c l e b u t h e a l s o n o t e d t h a t C h i n a w a s s t i l l a d e v e l o p i n g c o u n t r y w i t h 8 0 0 m i l l i o n p e a s a n t s a n d t e n s o f m i l l i o n s l i v i n g i n p o v e r t y T h e b r e a t h t a k i n g g r o w t h o f C h i n a s e c o n o m y h a s l e d m a n y t o a s s u m e t h a t i t w i l l r i s e t o b e t h e p r e e m i n e n t w o r l d s u p e r p o w e r w i t h i n a c o u p l e o f d e c a d e s B u t a 2 0 0 9 b o o k ( T h e N e x t 1 0 0 Y e a r s ) b y A m e r i c a n g e o p o l i t i c a l e x p e r t G e o r g e F r i e d m a n d i s p u t e s t h i s p r e d i c t i o n F r i e d m a n a r g u e s t h a t t h e p r o b a b i l i t y o f C h i n a c o n t i n u i n g t o g r o w a t t h e c u r r e n t h i g h r a t e i s d i m i n i s h i n g a n d t h i s w i l l p r o d u c e s u b s t a n t i a l s o c i a l a n d p o l i t i c a l p r o b l e m s I d o n t s h a r e t h e v i e w t h a t C h i n a i s g o i n g t o b e a m a j o r w o r l d p o w e r h e s a y s I d o n t e v e n b e l i e v e i t w i l l h o l d t o g e t h e r a s a u n i f i e d c o u n t r y M o s t C h i n e s e l i v e w i t h i n a t h o u s a n d m i l e s o f t h e c o a s t a n d m o s t i n d u s t r i e s a r e w i t h i n a h u n d r e d m i l e s o f t h e c o a s t H i s t o r i c a l l y C h i n a h a s p e r i o d i c a l l y c l o s e d i t s e l f o f f a n d a v o i d e d c o n t a c t w i t h f o r e i g n e r s W h e n t h e E u r o p e a n s f o r c e d t h e i r w a y i n t o C h i n a d u r i n g t h e 1 9 t h c e n t u r y t h e r e w a s a d r a m a t i c i n c r e a s e i n w e a l t h i n t h e c o a s t a l a r e a s t h a t w e r e e n g a g e d i n t r a d e c o m p a r e d t o t h e p o o r i n t e r i o r r e g i o n s T h i s d i s p a r i t y l e d t o p o l i t i c a l i n s t a b i l i t y W h e n t h e c o m m u n i s t s t o o k p o w e r i n 1 9 4 9 t h e y r e t u r n e d C h i n a t o i t s p r e E u r o p e a n e n c l o s u r e u n i t e d b y a s t r o n g g o v e r n m e n t b u t i s o l a t e d a n d p o o r A f t e r M a o s d e a t h i n 1 9 7 6 t h e g o v e r n m e n t g a m b l e d t h a t i t c o u l d o p e n C h i n a t o i n t e r n a t i o n a l t r a d e a n d a v o i d b e i n g t o r n a p a r t b y i n t e r n a l c o n f l i c t T h e c o a s t a l r e g i o n s a g a i n b e c a m e p r o s p e r o u s a n d c l o s e l y t i e d t o o u t s i d e p o w e r s b u t t h e i n t e r i o r r e m a i n e d p o o r a n d t e n s i o n s i n c r e a s e d T h e C o m m u n i s t P a r t y h a s w a l k e d a d e l i c a t e b a l a n c i n g a c t f o r t h e p a s t 3 0 y e a r s t r y i n g t o m a n a g e t h e s e f o r c e s T h e q u e s t i o n i s h o w l o n g t h i s b a l a n c e c a n b e m a i n t a i n e d U n d e r l y i n g t h i s i s a m o r e s e r i o u s p r o b l e m A l t h o u g h C h i n a a p p e a r s t o b e a c a p i t a l i s t c o u n t r y i n v e s t m e n t i s a l l o c a t e d b y p o l i t i c a l a n d p e r s o n a l r e l a t i o n s h i p s r a t h e r t h a n m a r k e t s A s a r e s u l t n o n p e r f o r m i n g l o a n s a r e e s t i m a t e d a t a q u a r t e r t o a t h i r d o f C h i n a s t o t a l G D P a s t a g g e r i n g a m o u n t T h e s e b a d d e b t s a r e c u r r e n t l y b e i n g m a n a g e d t h r o u g h h i g h g r o w t h r a t e s d r i v e n b y l o w c o s t e x p o r t s w h i c h p r o d u c e s a l o t o f c a s h f l o w b u t l i t t l e p r o f i t C h i n a i s a s t a t e i n w h i c h e q u i t y h o l d e r s d e m a n d i n g p r o f i t s a r e l e s s i m p o r t a n t t h a n b a n k e r s a n d g o v e r n m e n t o f f i c i a l s w h o d e m a n d c a s h F r i e d m a n s a y s A n d i f a n d w h e n ( g r o w t h ) s l a c k s o f f . t h e e n t i r e s t r u c t u r e c o u l d c r u m b l e . T h e r e a r e s t r u c t u r a l l i m i t s t o g r o w t h a n d C h i n a i s r e a c h i n g t h e m L o y a l t y i n C h i n a i s e i t h e r b o u g h t o r c o e r c e d h e s a y s A n d t h e c e n t r a l g o v e r n m e n t i n B e i j i n g w i l l b e c a u g h t b e t w e e n t h e p r o s p e r o u s c o a s t a n d t h e p o v e r t y s t r i c k e n i n t e r i o r I t w i l l e i t h e r w e a k e n a n d l o s e c o n t r o l o r c l a m p d o w n s o h a r d t h a t i t m o v e s b a c k t o a M a o i s t e n c l o s u r e o f t h e c o u n t r y A c c o r d i n g t o t h i s v i e w C h i n a h a s t h r e e p o s s i b l e f u t u r e s I t i s u n l i k e l y t o d o w h a t n o o t h e r c o u n t r y h a s e v e r d o n e a n d c o n t i n u e t o g r o w i n d e f i n i t e l y t h e h u g e i m b a l a n c e s a n d i n e f f i c i e n c i e s i n t h e e c o n o m y w i l l h a v e t o b e c o r r e c t e d a t s o m e p o i n t A s e c o n d p a t h i s t h e r e c e n t r a l i s a t i o n o f C h i n a w h e r e t h e c o n f l i c t i n g i n t e r e s t s a r e c o n t r o l l e d b y a s t r o n g c e n t r a l g o v e r n m e n t t h a t i m p o s e s o r d e r B u t t h e m o r e l i k e l y p o s s i b i l i t y f o r F r i e d m a n i s t h a t C h i n a w i l l f r a g m e n t a l o n g t r a d i t i o n a l l i n e s u n d e r t h e s t r e s s o f a n e c o n o m i c d o w n t u r n ( T h i s ) w i l l m a k e t h e c e n t r a l g o v e r n m e n t m o r e a s s e r t i v e a n d m o r e n a t i o n a l i s t B u t t h e c e n t r a l g o v e r n m e n t w i l l i t s e l f b e w e a k e n e d b y t h e c o r r o s i v e e f f e c t o f m o n e y C h i n a w i l l r e m a i n f o r m a l l y u n i t e d b u t p o w e r w i l l d e v o l v e t o t h e r e g i o n s A v e r y r e a l f u t u r e f o r C h i n a i n 2 0 2 0 i s i t s o l d n i g h t m a r e a c o u n t r y d i v i d e d a m o n g c o m p e t i n g r e g i o n a l l e a d e r s f o r e i g n p o w e r s t a k i n g a d v a n t a g e o f t h e s i t u a t i o n . a n d a c e n t r a l g o v e r n m e n t t r y i n g t o h o l d i t a l l t o g e t h e r b u t f a i l i n g T h i s i s w h y P r e m i e r W e n t o l d C N N t h a t a l t h o u g h p o p u l a r d e m a n d s f o r d e m o c r a c y a n d f r e e d o m a r e i r r e s i s t i b l e w e n e e d t o i n t r o d u c e a s y s t e m t h a t s u i t s C h i n a s s p e c i a l f e a t u r e s a n d w e n e e d t o i n t r o d u c e a g r a d u a l a p p r o a c h . i t i s t r u e t h a t w e d o h a v e t h i s r i s k o f a s l o w d o w n i n t h e C h i n e s e e c o n o m y B e i j i n g i s m o v i n g t o w a r d a n u n p r e c e d e n t e d l e a d e r s h i p t r a n s i t i o n i n 2 0 1 2 w h e n s e v e n o f t h e t o p n i n e m e m b e r s o f t h e C o m m u n i s t P a r t y w i l l b e r e p l a c e d a l o n g w i t h h u n d r e d s o f l o w e r l e v e l o f f i c i a l s T h e b i g q u e s t i o n i s w h a t k i n d o f c h a n g e s w i l l t h i s t r a n s i t i o n p r o d u c e ? H u m a n r i g h t s s o c i a l j u s t i c e a n d t h e r u l e o f l a w a r e i n d i s p e n s a b l e f o r e c o n o m i c e f f i c i e n c y a n d w e a l t h c r e a t i o n A n d e x p e r t s s a y t h a t C h a r t e r 0 8 s c a l l f o r c o n s t r u c t i v e e n g a g e m e n t t o m a n a g e a m o v e t o w a r d c o n s t i t u t i o n a l d e m o c r a c y h a s b e e n i g n o r e d b y t h e C h i n e s e l e a d e r s h i p b e c a u s e i t l a c k s t h e c o n f i d e n c e t o d e a l w i t h t h e i s s u e s r a i s e d e i t h e r b y n e g o t i a t i n g o r b y l a u n c h i n g a l l o u t w a r a g a i n s t t h e p r o d e m o c r a c y m o v e m e n t F o r t h e t i m e b e i n g h e r o e s l i k e L i u X i a o b o a r e t r e a t e d a s c r i m i n a l s w h i l e t h e r e a l c u l p r i t s a r e i n c o n t r o l o f t h e s t a t e I n t h i s s e n s e C h i n a r e m a i n s a p a r a d o x W h a t d o y o u t h i n k ? S e n d c o m m e n t s t o l a r r y @ t r i b u n e m e d i a n e t O r v i s i t w w w b a h a m a p u n d i t c o m C M Y K C M Y K P A G E 6 W E D N E S D A Y O C T O B E R 2 0 T H 2 0 1 0 T H E T R I B U N E T O D I S C U S S S T O R I E S O N T H I S P A G E L O G O N T O W W W T R I B U N E 2 4 2 C O M R e a c t i o n t o N o b e l P e a c e P r i z e s h o w s t h e o t h e r f a c e o f C h i n a A P I C T U R E o f C h i n e s e d i s s i d e n t L i u X i a o b o i s c a r r i e d b y a p r o t e s t e r d u r i n g a r a l l y d e m a n d i n g h i s r e l e a s e o u t s i d e C h i n a s L i a i s o n O f f i c e i n H o n g K o n g r e c e n t l y ( A P ) OUR S AY

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C M Y K C M Y K LOCAL NEWS PAGE 10, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ,QWHUQDWLRQDO5HSUHVHQWDWLYHVRI 5R\DO&DULEEHDQ,QWHUQDWLRQDOIRU3XHUWR5LFRWKH&DULEEHDQ DQGWKH%DKDPDV 2DVLVRIWKH6HDV60:(67(51&$5,%%($1 1,*+76/DXGHUGDOH/DEDGHH&RVWD0D\D &R]XPHO/DXGHUGDOH'%/48$' $OOXUHRIWKH6HDV60%2$5',1*,1$66$8($67(51&$5,%%($1 1,*+761DVVDX6WKRPDV 6WDDUWHQ/DXGHUGDOH'%/48$'0$< -HZHORIWKH6HDV6287+(51&$5,%%($1 ,*+76/DXGHUGDOH/DEDGHH&DUWDJHQD&RORQ 3XHUWR/LPRQ*UDQG&D\PDQ/DXGHUGDOH'%/48$' )UHHGRPRIWKH6HDV:(67(51&$5,%%($1 1,*+763RUW&DQDYHUDO/DEDGHH)DOPRXWK&RORQ *UDQG&D\PDQ&R]XPHO3RUW&DQDYHUDO'%/48$')(%)(% 52<$/&$5,%%($1,17(51$7,21$/$1'(0,(5$9(/ $11281&(6+(%(67$7(6,1+(,1129$7,9(&58,6(+,36 )RUUHVHUYDWLRQVFDOOXVQRZ By WASBIR HUSSAIN A ssociated Press Writer GAUHATI, India (AP an freedom fighter Bholaram Das marked his 100th birthday this weeke nd by announcing he was going b ack to school. Das has enrolled in a PhD programme at Gauhati University in the northeastern state of Assam making him perhaps the oldest university student in this country of 1 b illion. In my 100 years, I have done many things in the sphere of society, politics, governance and religion," said Das, dressed in a suit, tie and white Gandhi cap at his birthday celebration Saturday. "I thought I must work towards a PhD that could s atisfy my hunger for learning." Das was 19 when he was jailed for participating in a 1930 protest against British rule. He spent two months doing hard labour and wento n to study commerce and law. In 1945, he joined the Congress P arty that led India's drive for independence, achieved in 1947. Das worked as a teacher, a lawyer, a magistrate and a district court judge before retiring in 1971.W ith his wife Mandakini, he had five sons and a daughter. Doctorate For his doctorate, Das plans to study a subject close to his heart how his native Bohori village helped in the spread of neo-Vaishnavism,a liberal and monotheistic stream of t he Hindu religion credited with breaking down social divisions in Assam, one of India's easternmost states. The centenarian said he wanted to pursue his interest and belief int he religion's philosophies of one God and humanism. It is indeed rare to find a student who is 100 years old," said the university's vice chancellor, O. K. Medhi. "We are thrilled because Das can be an inspiration for the youthw ith his formidable spirit and dedication to public service." Das, who now has 10 grandchildren and a great-grandchild, is being advised in his studies by one of his granddaughters, a university professor, and other family members. Hisw ife died in 1988. It amazes me that, 40 years after retiring from service, my grandfather is still mentally strong and wants to do new things," said grandson Abhinab Das, an engineer. "This is indeed inspiring for all of us in thef amily." B y MIN LEE Associated Press Writer H ONG KONG (AP Hong Kong's Roman Catholic cardinal met with Chinese church leaders thisp ast week in a rare mainl and visit but afterward d ecried that he couldn't discuss sensitive topics between B eijing and the Vatican duri ng the tightly controlled meeting. China set up an official state church after the Communist Party came to power s ix decades ago, but many local believers went underground to worship. More than 60 million Chinese belong to independent churches loyal to the Vati can some three times thes ize of the official church, according to scholars and church activists. In a recent blog posting, Hong Kong Cardinal JosephZ en said he visited Shanghai on Monday and Tues day, where he met with Shanghai Bishop Jin Luxi a n and his deputy Xing Wenzhi of the official church. An outspoken China critic, Zen was last allowed on the mainland in 2004, according to Hong Kong m edia, and this visit was his first since he was promoted to cardinal in 2006. He frequently denounces China's l ack of democracy and relig ious freedom, so his visit has raised hopes of goodwill from Beijing. Z en, however, is less optimistic and expressed a y earning for religious freedom and freedom of expression in China in a blog entry h e posted Friday. Issues How terrifying this system is! It has built a wall between people's hearts. It h as installed a padlock on p eople's mouths. Aren't we all adults who love our coun try? But we can't discuss the major issues concerning our country. Aren't we all leaders of the church? But wec an't discuss the future of the church," Zen wrote. "Lord! When can we Chi nese people open our hearts and speak and behave like proper human beings?" he continued. Asked about the prospect o f better Sino-Vatican relat ions in light of his visit, Zen s aid, "It's nothing like that," Hong Kong's Apple Daily newspaper reported Sunday. "I didn't expect to do anything big in these two and a half days. ... I couldn'tm eet with any underground bishops. It also wasn't poss ible to have a chat with the clergyman at the monaster i es," Zen was quoted as sayi ng Saturday after taking p art in a march to show soli darity with mainland Christ ians. Zen didn't immediately return a call from The A ssociated Press on Sunday. A man who answered the phone at the Shanghai diocese refused to transfer the call to Jin, asking a reporter to seek permission for an interview first. Calls to thes tate-sanctioned Chinese c hurch, the Catholic Patrio tic Association of China, went unanswered. T he Vatican maintained a presence in Hong Kong while it was a British colonya nd has been allowed to stay since the southern trading hub returned to Chinese r ule in 1997. But on the m ainland, the diplomatic stalemate has persisted because China has harassedu nderground Catholics and refuses to recognize the pope's authority to appoint bishops. The cardinal kept up his criticism of Beijing in a sermon after Saturday's march,p raising Nobel Peace Prize winner Liu Xiaobo as "an h onest man, a man who is p eaceful, who speaks the truth." China was outraged that the Nobel was awarded to a imprisoned dissidentw hose campaign for democratic reforms China views as s ubversion. 100-year-old Indian freedom fighter going back to school INDIAN FREEDOM FIGHTER: Bholaram Das poses for photographs at his library in Gauhati, India, Sunday, Oct. 17, 2010. Das marked his 100th birthday this weekend by announcing he was going back to school. Das has enrolled in a PhD program at Gauhati University, in the northeastern state of Assam, making him perhaps the oldest university student in the country of 1 billion. (AP Hong Kong cardinal reveals rare visit to China

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T WO groups of BORCOs m aritime pilots recently com pleted a ten-day refresher training programme conduct ed in two phases, one in F reeport and the other in Rotterdam, the Netherlands. The aim of the programme w as to enhance the theoretical knowledge and practical maneuvering skills of the B ORCO pilots. It also served a s a refreshment tool, the c ompany said. The programme utilised modern training methods and t ools. The pilots trained on s hips and also followed the B ridge Resource Manage ment Course. Another tool used in the ten-day training was a simu l ator, where the pilots simu lated maneuvering exercises on the jetty and inland docku nder various weather conditions. The programme was divide d into two phases and part icipants were monitored and a ssessed and results were passed on to BORCO and sea states. B ORCO said its training a nd development of its staff h as a two-fold mission: improvements in performance and growth, which are essentials because of the con s tant advancement of tech nology, and ongoing changes in the work place. B ORCO provides storage of petroleum products for a number of international c lients with a present capacit y of 21.4 million barrels. The c ompany also offers blending, transshipment and bunkering services. The ter m inal is located in Freeport. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, OCTOBER 21ST, 2010, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The nutrients found in Centrum help promote cell health. Vitamin C found in Centrum complements vitamin E to help protect cells from free radical damage. Only 34% of women are consuming folic acid daily. The Institute of Medicine recommends that all women who may become pregnant take 400 mcg of folic acid daily from fortified foods, supplements, or both to reduce the risk of birth defects. Vitamins and minerals can unlock energy, help maintain health, and strengthen immunity.Ask your doctor about Centrum.These statements have not been evaluated by the Food and Drug Administration (U.S.treat, cure, or prevent any disease. &DYHV9LOODJHURIHVVLRQDO7XUQ.H\IFHXLWHV)RUHQWKHSUHPLHUFKRLFHIRUVHULRXVEXVLQHVV rr1HZ/RZDWH &RQWDFWULPRQ&KDSSHOORQ (PDLOVLPRQ#FDYHVYLOODJHFRP The Bahamas Electricity CorporationTenderThe Bahamas Electricity Corporation invites Tenders for the services described below: Bidders are required to collect packages from the Contact: Ms. Charlene Smith at telephone 302-1158 Submissions should be marked as follows: Tender No. 736/10 Street Lighting Installation and Maintenance Services New Providence Tenders are to be addressed to: Mr. Kevin Basden General Manager Bahamas Electricity Corporation Nassau, Bahamas Deadline for delivery to BEC: 5th November, 2010 no later than 4:00 p.m. The Corporation reserves the right to accept or reject any or all proposals. Mr. Kevin Bowleg at telephone 302-1240 THERE have been a number of news reports that i nvestors from Southeast A sia and the Arabian Gulf a re trying to purchase the Atlantis and One and Only resorts from Sol Kerzner for about US$ 4 billion. Steve Wynn has also been mentioned as a possible suitor. Sol has repeated that he i s not selling out and his m anagement has said it is b usiness as usual. A bank and a construction company from China have offered finance to the extent of US $ 2.6 billion for the Baha M ar project. The Aga Khan is investing in the Out I slands. T he above mentioned f acts clearly demonstrate that the Commonwealth oft he Bahamas is considered a m ost attractive place to invest. Among the group being reported as interested in investing are The Brunei Royal family, the Qatar Investment Fund and Steve Wynn, the man who r einvented Las Vegas when h e developed the Mirage a nd is now a major player in Maao. I would have to say that this is a most i mpressive group of i nvestors. T he question then arises what do these investors and financiers see that we in the Bahamas dont see. Based on what one observes reported in the media it is easy to get the impression t hat many, although clearly n ot all, Bahamian investors a re in a funk and that there are few opportunities for profitable investment. We have to ask why. It is n ot that Bahamians do not h ave the savings. Most well thinking people w ould have to admit that B ahamians have very subs tantial funds available for investment whether heldh ere or elsewhere. So lack o f capital is not the problem. Maybe the answer is that we are so close to the forest that we cannot see the trees. Let us not just focus in order to see only the trees in the f orest, but let us use our r esources to plant more t rees. T RAINING PHASE: T he BORCO maritime pilots take time out for a photograph in the Netherlands. BORCO maritime pilots train in the Netherlands News reports suggest investors trying to buy Atlantis, Ocean Club

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COMPASS Point Resort is gearing up for the next in its acclaimed Sunset Series events, to be held on Sunday, October 24. The fourth installment in the series, which delivers live music and other performances for the enjoyment of Bahamians and tourists alike, will feature local reggae band Willis and the Illest and the DJs of the Bahamas Underground Music Association (BUMA). It will also feature a Mojito bar, Kalik on draught and the resort's signature drink, the Compass point switcher (Russian Standard Vodka and lemonade). There will be food from the grill, a fruit bar, and freshly baked pizzas. Although the series, which mixes live entertainment with poolside summer fun, has been a big hit, the resort is not content to rest on its laurels, and has planned several other special events including an afternoon Halloween house party and a night to showcase the incredible skills of Michal Tezky, known internationally as "The Flair Bartender." Compass Point Beach Resort, which opened in 1995, was the vision of Island Records mogul Chris Blackwell, known for introducing the world to the talents of Bob Marley and U2. He wanted to combine the intimacy of a small property with a traditional simple country home residence common to his native country of Jamaica, while imbuing it with the artistic flavour his recording studios across the street. Although development has crowded close to the borders of the property, the staff have preserved the natural setting, where guests experience the sound of the ocean, the tropical breezes, and at night, the silence typical of a location away from civilisation. The Sunset Series was launched earlier this year as an effort to get back to the musical roots of the resort by incorporating live performances as part of a overall renovation of the resort and its services. Accordingly, the management have brought in an accomplished Bahamian chef who worked for 10 years in Canada, and now serves food until midnight on the weekdays and to 1am on the weekends, making it the only restaurant on the western side of the island open into the wee hours. They have also sought to make it a home-away-fromhome for football lovers, who can watch up to six games on plasma screens every Sunday. General manager Viktor Kudrnka said these innovations and the latest instalment of the Sunset Series are just the beginning of their plans to transform Compass Point into a unique resort and entertainment experience. C M Y K C M Y K LOCAL NEWS THE TRIBUNE THURSDAY, OCTOBER 21ST, 2010, PAGE 19 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The Centre for Digestive HealthWhat are you waiting for? Call for a Consultation 242.328.5550 I digestivehealthbahamas.com h e e d i d d i t . f o r r h e r if youre 40 to 100 pounds overweight and have tried cutting back, dieting even skipping meals, but still not losing the kind of weight you should, give us a call and learn about The Gastric Balloon treatment.This revolutionary outpatient procedure takes about 30 minutes to perform. It uses a flexible balloon that reduces your stomachs capacity, so you eat less … and finally lose that unwanted weight! A daily serving of 1200 mg of Caltrate has been tested and shown in a clinical study to reduce the risk of fractures.A second clinical study showed a reduction in the risk of recurrent colon polyps.* Caltrate is available in different formulas to meet different nutritional needs, and every formula has 1200 mg of calcium per 2 tablets, the amount recommended by osteoporosis experts. The US Surgeon General has called osteoporosis the silentŽ disease because those affected generally dont have symptoms until a bone breaks (usually in the hip, spine or wrist).According to the Surgeon Generals recent report on bone health and osteoporosis, bones may begin to weaken early in life silently and without warning if you dont have a healthy diet or the right kinds of physical activity.**Ask your doctor how Caltrate may help you prevent osteoporosis.*This statement has not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease. Take along with a healthy diet and regular exercise. **Bone Health and Osteoporosis: A Report of the Surgeon General. Washington, DC: Office of the Surgeon General, US Dept of Health and Human Services 2004. Willis and the Illest to be featured in Sunset Series GREAT VIEW: A view of the Compass Point Resort from the sea. ROCKING EVENT: Willis and the Illest reggae band performing at the last Sunset Series event. CASTRIES, St. Lucia Associated Press GEORGEMallet, a stalwart in St. Lucian politics and the Caribbean island's former governor general, died Wednesday after a long battle with cancer. He was 87. Mallet entered St. Lucia's Parliament in a 1958 by-election as the representative of central Castries electoral district. He held the seat for 38 years until 1996, when he became governor general and was knighted by Queen Elizabeth II. Mallet emerged as a political leader in the late 1950s, when St. Lucians began pressing for independence from the United Kingdom, which was shedding responsibility for its Caribbean colonies. In 1964, Mallet and John Compton forged an alliance of two opposition parties that resulted in the creation of the United Workers Party, which has dominated St. Lucian politics. Mallet was a long-serving deputy to Compton, who was the first prime minister upon independence in 1979. He also served as minister of tourism, trade and industry for more than 30 years. Mallet was known in St. Lucia for his tenacity. Between 1958 and 1961, he was the only opposition member in the 10member legislature of this verdant, mountainous island. A statement from the office of Prime Minister Stephenson King described Mallet as one of St. Lucia's "most noted political giants." "Sir George was certainly a key figure who can be accredited with a leading role in St. Lucia's emergence from the postcolonial era to a modern independent state", the Wednesday statement said. Mallet is survived by two adult children. His wife, Beryl, died in 2003. Funeral arrangements were pending. St. Lucian politician Mallet dead at 87 caribbeanBRIEFS

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C M Y K C M Y K LOCAL NEWS PAGE 20, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM R R O O B B E E R R T T B B A A R R R R Associated Press Writer LONDON A Church of England assistant bishop and a parish church have announced that they intend to become Roman Catholics within a new structure set up by Pope Benedict XVI, according to Associated Press J ohn Broadhurst, the bishop of Fulham in London, and St. Peter's Church in Folkestone, southeastern England, both oppose moves in the Church of England to allow women to serve as bishops. Broadhurst, the first serving Church of England bishop to say he will accept the pope's invitation, is leader of Forward in Faith, a group representing traditionalists within the Church of England. He announced his decision on Friday at the group's national assembly. St. Peter's Church, which is affiliated with Forward in Faith, a nnounced its decision on Saturday. Benedict has created a structure called an ordinariate, in which Church of England defectors could continue to use some of their traditional liturgy and be served by their married priests. "I intend to resign as bishop of Fulham before the end of the year," Broadhurst told the Forward in Faith meeting. "I am not retiring, I am resigning," he added. "Secondly, I expect that I will enter the ordinariate when it is established." The parochial church council of St. Peter's said it had resolved to join the ordinariate and "is anxious that this should be made as easy as possible." St. Peter's is in the diocese of Canterbury, the base for the Church of England's leader, Archbishop Rowan Williams. The Dai ly Telegraph reported that St. Peter's attracts about 40 worshippers each Sunday. Victorian The church council did not say whether it hoped to remain in its Victorian building, and it would be a matter for each member to decide whether to go or to stay in the Church of England. Ownership of churches is a complex issue. The simple answer, a Church of England commission reported in 2005, is that "nobody" owns a church. Traditionalists are unhappy with the General Synod vote in July which rejected a legal structure to protect their rejection of female priests and bishops. Instead, the synod voted for a code of practice which provides for traditionalist parishes to request supervision by male priests and bishops. Legislation which would finally permit women to serve as bish ops still needs to be approved by a two-thirds majority next year in each of the synod's three chambers: bishops, clergy and laity. A crucial question is whether traditionalists won enough seats in recent elections to block approval of the legislation. Results are still being tabulated. When the church decided in 1993 to ordain women as priests, it also appointed three traditionalist bishops to serve as "provincial episcopal visitors," supervising traditionalist parishes which refused women's ministry. One of these so-called "flying bishops," Bishop of Ebbsfleet Andrew Burnham, hinted in a pastoral letter this month that he too would be joining the ordinariate in a "caravan" of like-minded Anglicans. "The beginning of the caravan is somewhere ahead of us, over the horizon," he wrote. Another "flying bishop," Martin Jarrett of Beverley, has given his support to a different initiative, announced in September, to form a Society of St. Wilfrid and St. Hilda to serve traditionalists. The society, which says it cannot accept the ministry of the pope, has yet to announce any details of how it would function. Church of England bishop plans Catholic conversion throughout the Bahamas who were already far too busy perf orming their normal functions to take any extra time to invest igate unexplained deaths, he said. The current court is making progress, and according to the prime minister the changes to come on stream will only enhance the delivery of justice. S ince January, Mr Ingraham said, 222 cases have been disposed of in the Coroners Court: 204 cases under section 15 of the present Act not requiring a public inquest and 18 under sec-t ion 10 of the Act by way of a public inquest. As of late September, there are 49 cases currently before the Coroners Court. One of the legacies we will leave behind is the reform of the laws of the Bahamas and the improvement of the administration of justice. We will not be distracted by those who wish to hold us back. If we make progress they believe it affects theirc hances of being where we are, so the interest in moving forward is not the same. I want to public to understand our responsibility is to the Bahamian people and we will proceed with our agenda, said Mr Ingraham. He said the government would soon introduce an updated Magistrates Court Act, a new Penal Code, and a new Criminal Procedure Code. PM introduces new landmark legislation FROM page three HOUSE ADDRESS: Prime Minister Hubert Ingraham speaks yesterday in the House of Assembly. F e l i p M a j o r / T r i b u n e s t a f f

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C M Y K C M Y K SECTIONB business@tribunemedia.net THURSDAY, OCTOBER 21ST, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third p arty and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.25 $4.20 $4.26 S leep well while y our money grows. Now open on Saturdays.Village Rd. & Harrold Rd.9:30AM 1:00PM It can get a little hectic during the week. So weve opened our Village Road and Harrold Road branches on Saturdays. BOB Saturday Banking 9:30AM 1:00PMNow open on Saturdays. By NEIL HARTNELL Tribune Business Editor Baha Mars planned $2.6 billion resort metropolis will create a unique destination through its variety of amenities and hotel price points, a leading executive told Tribune Business, adding that the Cable Beach redevelopment would both attract more tourists to the Bahamas and counterbalance the influence/reliance on Paradise Island. Robert Sands, Baha Mars senior vicepresident of external and governmental affairs, said the six different hotel brands, each offering a different price point and targeting separate market niches, would appeal to all walks of life, thus aiding the developers in filling the extra Cable Beach room inventory. Pointing to the projected increase in tourist arrivals to the Bahamas that is anticipated once Baha Mar becomes fully operational in 2014, Mr Sands told Tribune Business: We now have a destination called Nassau, Bahamas, where you have an already successful hotel on Paradise Island that is being counterbalanced by a new resort metropolis on Cable Beach, All walks of life counterbalance to Paradise Isl. Baha Mar says $2.6bn project will create unique destination metropolis to complement Kerzner and increase visitor numbers to Bahamas* Developer says six hotel brand strategy to create range of price points and amenities to appeal to all market niches and demographics* Expects Wyndham to finish 2010 above forecast ROBERT SANDS SEE page 7B MAJOR PLAN: The Baha Mar project. B y NEIL HARTNELL Tribune Business Editor The Securities Commission h as reported some success in its efforts to regularise unlicensed Bahamas-based mon-e y lenders and brokers, a senior official telling Tribune Business that at least fiveh ad reported to the regulator prior to it issuing a 30-day extension, although the issue remains a growing area of concern. Speaking to this newspaper after the Securities Commis-s ion, in its role of Inspector of Financial and Corporate Services Providers, granted a 3 0-day extension for unli censed money lenders, brokers and pay day lenders to apply to be formally regulate d, Gawaine Ward, the regulators deputy legal counsel, said its concerns were growing Gr owing concer on infor mal lenders Commission says at least five unregulated entities have come in to be regularised, but adds that issue still a major reputational risk for Bahamas SEE page 7B B y NEIL HARTNELL T ribune Business Editor Fears that Bahamian law would prevent it from recov e ring sums owed by other alleged debtors if it gained the full $8.2 million from a former PLP MP and Senator prompted a Miami-based lender to reduce its default judgment demand to just $ 150,000, part of a wider c ase involving a claimed $7 m illion fraud over a B ahamas-based real estate d evelopment. R obin Rodriguez, princip al of Cordell Funding, w hich is a major player in the ongoing litigation relat-i ng to a West Bay Street c ondominium project just east of Caves Village, alleged in US court papers that he had reduced his default judgment demand against accountant Philip Galanis to just $150,000, on t he grounds that if his firm s ecured the full $8.2 million Full Galanis payment endangers $8.2m claim PHILIP G ALANIS n Miami-based lender reduces default judgment damages claim against former PLP MP/Senator even further to just $150k n Bahamian court rules that Miami-based lender transfer title in luxury West Bay condo complex to developer Allure, once latter pays it mortgage sum n This amount disputed, with Allure claiming just $2.2m owed, not $7.8m-$8.2m claimed SEE page 4B S ir Michael Barnett By NEIL HARTNELL T ribune Business Editor T he Bahamas was yesterday urged by a former finance m inister to develop a tourism model that was more c ompetitive within the region and the United States a nd laced with a peculiar Bahamian flavour, telling Tribune Business: The Bahamas has to be like caviar was to the Russians. James Smith, minister of state for finance in the 20022007 Perry Christie administration, said that since the Bahamas was unable to do much in the short-term to address its relatively high cost structure, it needed to m ake its tourism product distinct from rival offerings in the Caribbean and the United States. I dont think we have much of a choice in terms of natu ral endowments, since its only the weather and those t hings, but we need to design a tourism model thats m ore competitive within the region and the US, Mr Smith told Tribune Business. We need to have more of a Bahamian flavour if peop le are going to pay extra to come to the Bahamas. Theyre not going to pay to see another Disney. Its got Tourism model must be like caviar was to the Russians SEE page 4B By ALISON LOWE Business Reporter alowe@tribunemedia.net C onsumer confidence a ppears to be returning in t he Bahamian real estate m arket, with wariness wani ng amid signs that the econ omic downturn may have introduced greater rationality into property pric-i ng, after what some realt ors say was an unsustaina ble pre-recession housing bubble. Patty Birch, president of the Bahamas Real Estate Association (BREA believes people are returning to the real estate mark et as they see prices have f inally fallen, finding them selves able to make a safei nvestment in a tangible a sset and one which is n ow more likely to be a place for them to live, rather than a money-mind e d short term investment Realtors see improvement S EE page 5B By ALISON LOWE Business Reporter alowe@tribunemedia.net In the face of warnings from the International Monetary Fund (IMF hotel room prices may have exacerbated declines in Bahamian tourist arrivals compared to other regional destinations, the Bahamas Hotel Associations president yesterday said it was intentional that prices High room rates is deliberate strategy SEE page 6B

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to be elements peculiar to the Bahamas, other than s un, sand and sea if we cant bring the costs down. The Bahamas has to be like caviar was to the Russians. Mr Smith was responding to the International Monet ary Funds (IMF i c outlook for the Western H emisphere, published earlier this week, which noted that the Bahamas failure to reduce hotel room rates as r apidly as rival Caribbean d estinations in response to t he recession meant it had suffered a steeper fall among bargain seeking tourist arrivals. The recovery of tourism h as been uneven, the IMF s aid. Smaller islands in the region have experienced a sharper and more prolonged decline in tourist arrivals than some of the larger islands. A closer look at the data suggests that destinations that significantly reduced hotel prices following the crisis experienced milder declines in arrivals. Though many factors are at play, downward price rigidities could help explain these intraregional differences. For example, hotels in the Dominican Republic a nd Jamaica lowered prices m ore than other countries a nd did not experience a decline in the number of tourist arrivals. In contrast, hotels in the Bahamas and Barbados were more reluctant to reduce prices and their tourist arrivals fell. Mr Smith yesterday acknowledged that the Bahamas operating cost base was a lot higher than other Caribbean nations, especially when its relative proximity to key US tourist markets was factored in. He noted that on alcohol, in p articular, the Bahamas had t he highest costs in the Caribbean region. You need to work on t hat cost element to become m ore competitive, and you have to look beyond room rates, Mr Smith said. How e ver, with fixed labour costs in the hotel industry due to the union contract, and high utility costs, there was little the Bahamas could do to reduce hotel and tourism costs in the medium term. C M Y K C M Y K BUSINESS PAGE 4B, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 5 2wk-Hi52wk-LowSecurit y P revious CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1 .261.00AML Foods Limited1.011.010.000.2500.0404.03.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.493.15Bahamas Waste3.153.150.000.1680.09018.82.86% 2 .152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 1 2.509.62Cable Bahamas10.0010.000.001.2270.3108.13.10% 2.842.50Colina Holdings2.502.500.000.7810.0403.21.60% 7.005.40Commonwealth Bank (S1)6.596.590.000.4220.23015.63.49% 3.651.63Consolidated Water BDRs1.981.96-0.020.1110.05217.72.65% 2.551.60Doctor's Hospital1.771.770.000.1990.1108.96.21%6 .995.94Famguard6.076.070.00-0.0030.240N/M3.95% 1 0.208.50Finco8.508.500.000.2870.52029.66.12% 11.408.77FirstCaribbean Bank9.749.740.000.6450.35015.13.59% 5.513.75Focol (S)5.465.460.000.3660.17014.93.11% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 1 0.509.92J. S. Johnson9.929.920.000.9710.64010.26.45% 1 0.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 5 2wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 9 9.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield BISX LISTED & TRADED SECURITIES AS OF:7% Interest 7 %RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W W W.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-23201 9 October 2022 Prime + 1.75% P rime + 1.75% 6.95%20 November 2029TUESDAY, 19 OCTOBER 2010BISX ALL SHARE INDEX: CLOSE 1,507.70 | CHG -0.02 | %CHG 0.00 | YTD -57.68 | YTD % -3.68BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%3 0 May 2013 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%L ast 12 Months %NAV 3MTH 1.50561.4076CFAL Bond Fund1.50564.65%6.96%1.482477 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.55791.4920CFAL Money Market Fund1.55793.37%4.42%1.539989 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.56421.47%2.95% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.13181.0000FG Financial Preferred Income Fund1.13183.85%5.22% 1.09691.0000FG Financial Growth Fund1.09692.71%6.44% 1.13201.0000FG Financial Diversified Fund1.13203.79%5.71% 9.69389.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.69383.77%5.71% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.5308-2.23%4.10% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.4372-5.63%-5.63% 7.96644.8105Royal Fidelity Int'l Fund Equities Sub Fund7.88302.15%6.29% 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-Aug-10BISX Listed Mutual FundsNAV Date 30-Sep-10 30-Sep-10 30-Sep-10CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Sep-10 30-Sep-10 30-Sep-10 30-Sep-10 31-Aug-10MARKET TERMS30-Sep-10 NAV 6MTH 1.460225 2.911577 1.524278 107.570619 105.776543 30-Jun-10 30-Sep-10 30-Sep-10 30-Sep-10 '$1*(5-26(3+RI:,/621 75$&.3%2;1$66$8%$+$0$6 127,&(LVKHUHE\JLYHQWKDW 67(3+(1*(2))5(< '$9,(6RI&$0(/27&28573%2; )5((3257*5$1'%$+$0$ LVDSSO\LQJWRWKH0LQLVWHU UHVSRQVLEOHIRU1DWLRQDOLW\DQG&LWL]HQVKLSIRUUHJLVWUDWLRQ QDWXUDOL]DWLRQDVFLWL]HQRI7KH%DKDPDVDQGWKDW DQ\SHUVRQZKRNQRZVDQ\UHDVRQZK\UHJLVWUDWLRQ QDWXUDOL]DWLRQVKRXOGQRWEHJUDQWHGVKRXOGVHQGZULWWHQ DQGVLJQHGVWDWHPHQWRIWKHIDFWVZLWKLQWZHQW\HLJKW GD\VIURPWKH VW GD\ RI 2FWREHU WRWKH0LQLVWHU UHVSRQVLEOHIRUQDWLRQDOLW\DQG&LWL]HQVKLS3 Full Galanis payment endangers $8.2m claim i t claims it is owed, Bahamian law would p revent it from obtaining judgment against o ther debtors. The main dispute over the West Bay condo development, known as The Terraces, is now being litigated in the Bahamian courts, where Allure (Bahamas alleges that the $7 million it invested in developing the project after taking it on from an initial developer is now being jeopardised by Cordell/Mr Rodriguez, has won at emporary injunction preventing the latter from selling it. That injunction was modified on September 22, 2010, to require Cordell to transfer its title and interest in The Terraces to Allure upon payment of the alleged mortgage debt to the lender. Allure (Bahamas until October 31, 2010, to make that pay ment. Responding to the US courts demands t hat he/Cordell justify its reduced damages demand against Mr Galanis, which had origi nally been for $4 million, Mr Rodriguez s aid he had lowered his claim even further from $250,000 to $150,000. H e again alleged that Cordell was seeking t he damages in relation to two loans it had m ade, and which Mr Galanis had guaranteed, to North Andros Assets, the initial developer of the 16-unit project known as The Terraces. Loans C ordell was alleged to have made two c onstruction loans to North Andros Assets f or the project, one for $3.5 million and a nother for $500,000, but the latter entity then purportedly defaulted, and no payments of interest or principal had been made since September 27, 2006. The current sum owed for principal, interest and costs is in excess of $8.2 million, exclusive of costs for attorneys fees etc, MrR odriguez alleged, producing a spreadsheet to justify his claims. And he added: Under Florida law, the respective guarantors and the original debtora re all jointly and severally liable for prin cipal, interest and costs which accrue following a default under the loan agreement. However, under Bahamian law a judg m ent against one such defendant, such as Galanis in this case, reduces the amount the plaintiff is entitled to recover from the oth-e r debtors. Thus, a judgment against Galanis f or the full amount of the principal, interest and costs in this court would preclude the plaintiff from obtaining judgment against the other debtors in the Bahamas. M r Rodriguez alleged that Cordell had filed a lawsuit in the Bahamian Supreme Court seeking to foreclose on The Terraces,i n a bid to recover the mortgage security it h as on the project and the supposed $8.2 million it is owed, although that sum is being disputed and is alleged to be much less. In the case of the Galanis default judgment, he added: In order to avoid absolving the other debtors from liability under this loan agreement, the plaintiff seeks to recover a lesser amount than it would otherwise be entitled to. Thus, although [Mr Galanis] would be liable for the entire principal, interest and costs owed under the respective notes, plain tiff seeks judgment against Galanis in this court for only a fraction of the debt.... to wit, $150,000 plus legal fees incurred in this case. And, referring to Bahamian Supreme Court proceedings currently before Chief Justice Sir Michael Barnett, Mr Rodriguez said that Allure Bahamas, which had invested some $7 million of its own money in developing The Terraces, was seeking to prevent Cordell Funding from exercising its right of sale as the mortgagee, and has proposed to pay the indebtedness due under the mortgage note without costs or attorneys fees. The Bahamian court has afforded Allure Bahamas the opportunity to prevent a sale of the property by paying the sum of $7.8 million to Cordell Funding. Plaintiff Although the sum has not yet been paid, it illustrates one example of how plaintiff may be paid part or all of the remaining indebtedness. Although in ordinary circumstances, plaintiff would seek routine liquidated damages, in this case the entire $8.2 million, because of the impact of Bahamian law regarding joint and several liability, plaintiff intentionally seeks a lesser suma gainst [Mr Galanis]. Mr Galanis has pledged to overturn that j udgment. Meanwhile, Chief Justice Sir Michael, in his initial September 10, 2010, r uling on Allure (Bahamas application to prevent Cordell exercising its p owers of sale under the mortgage, granted this on condition that the former paid into an e scrow account some $7.815 million the sum claimed by Cordell. However, Allure (Bahamas t hat the true sum owed to Cordell is $2.2 mill ion, and wants the Supreme Court to order that it release The Terraces upon payment of this sum. R elating the background to the case, Sir Michael said Cordell loaned funds to North A ndros Assets to enable it to construct The Terraces, with the debt to be paid back fromt he sale of condo units. Allure (Bahamas though, is claiming that it was assigned the equity of redemption by virtue of its agreement with North Andros, where it was t o develop 1.45 acres of the property. Sir Michael found that Allure (Bahamas case had obvious hurdles, not least of which is that it is seeking to exercise rights in relation to a mortgage to which it is not a party, and in respect of an obligation it does not itself owe to [Cordell]. Moreover, it was aware of the existence of the mortgage debenture at the time ite ntered into the Heads of Agreement and d id not itself seek to satisfy itself as to the state of the accounts between [North Andros and Cordell]. E ffectively, Sir Michael is saying that Allure (Bahamas d ue diligence on The Terraces background prior to entering the agreement with North Andros. Subsequent to that September 10 ruling, Allure (Bahamas that, upon payment of the mortgage debt, C ordell be ordered to transfer fee simple title over The Terraces to it. This was agreed to by Sir Michael, who required Cordell to keep $1 million in the Bahamas for the duration of the case. Allure is being represented by Brian Simms, senior partner at Lennox Paton, and Damian Gomez of Chilcott Chambers. Fer ron Bethel and Camille Cleare, of Harry B Sands and Lobosky, are reeprsenting Cordell, with Oliver Liddell at McKinney, Bancroft & Hughes is representing another party. FROM page 1B Tourism model must be like caviar was to the Russians FROM page 1B I I N N S S I I G G H H T T F o o r r t t h h e e s s t t o o r r i i e e s s b b e e h h i i n n d d t t h h e e n n e e w w s s , r r e e a a d d I I n n s s i i g g h h t t o o n n M M o o n n d d a a y y s s

PAGE 23

made with the intention of flipping. In the past it was geared towards: This is an invest-m ent. Im going to buy it now, and if I live in it for a couple of years, put a coat ofpaint on it, I can sell it for 2 00,000 more. Its not like that now. The customers we are working with now are m ore thoughtful purchasers. D uring the (housing value b ubble, it was more frantic. N ow they know what they w ant, and where. They want a home to live in and a good quality of life that they may not have been able to afford before, but which they can get now, said Ms Birch. Ms Birch said she has seen the uptick in sales in the l ast two months in particul ar. A lot of people were looking before but they w ere holding off, they w erent buying. But now y ou can see the buyers coming into the market. The BREA president said h ouse and land values have become more realistic for the average Bahamian. Two years ago, people were saying: If my kids got to buy land I dont know if they will be able to, butt hings have changed, she a dded. Carla Sweeting, a realtor with ERA Dupuch, said sheh as been probably 50 per cent busier this year than last year in sales and rentals. I feel that the confidence o f buyers is picking up, def i nitely. Banks are being a lit tle more careful with their lending. For instance, if you bought a property in a community with condo fees or maintenance fees, a lot of banks now have to haves omething from the associat ion showing what they are in detail and they are incorporating those fees in qualifying their buyers. But theres definitely an increase in people looking to buy, said Ms Sweeting. Meanwhile, another real tor from a high-end real estate company, who spoke on condition of anonymity, told Tribune Business she saw an improvement in buyer confidence for the year up to August, although this was followed by an unexplained slowdown. We all saw an improvem ent, she said. I think the r eal reason people are now buying is that they are gett ing extremely good value. T hey are getting below r eplacement cost below what it would cost to buyl and and build the house s o its deal making time, and I think it will continue for quite a bit longer. Jump People see the prices are at a good level and they feel they should jump, said the realtor, adding that buyers have been a mix of Bahamian and foreign. A s for rental values, all t he realtors who deal prim arily in residential prope rties agreed they have sign ificantly softened since t he economic downturn tightened its grip in 2008, with landlords having to become more flexible or face long-term property vacancies. Rental prices have had t o come down, and in my opinion that had to happen anyway because we were at our max, and until the extrai nventory is absorbed theyre not going back up, said Ms Sweeting. The other realtor said she has become accustomed to renting properties at as much as 20 per cent less t han the same accommodat ion would have gone for around two years ago. People are taking less r ent than they wouldve take n two years ago. They are happy to take a reduce ar ental and get someone in t here, said the other realtor, who did not wish to be named. However, William Wong, former BREA president and Remax realtor, suggested this improvement in busin ess conditions may not be a cross the board, and said t he slowdown over the past t wo years in business in the r eal estate market has taken a heavy toll on some in the industry. Those who Ive spoken to in business say things are still very, very, slow, and a lot of them are very concerned as to when this might c hange. Ive got colleagues (realtors) who are finding e mployment in other sect ors, because this is purely b ased on commission and they have school fees to pay, mortgages to pay. Its at rend, he said. C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, OCTOBER 21ST, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Realtors see improvement FROM page 1B DUBLIN (AP Corp. said Wednesday it plans to cut 190 jobs at its Ireland server-manufacturing lines and move them to China. The move is the latest sign of traditional manufacturing operations deserting high-wage Ireland in favor of Eastern Europe and Asia. Such cuts have helped to drive Irish unemployment to 13.7 percent, second-highest in the euro zone after Spain. IBM, one of Ireland's largest private-sector employers with a work force of about 3,000, said the 190 layoffs at its main facility in Mulhuddart, west Dublin, would be completed by March. The company said it expected to rehire some workers for new jobs at its growing software services division in Ire land. ( A P Photo / Alexander F. Yuan) W ORKERS c lean windows of a skyscraper near Beijings Central Business District, Wednesday, Oct. 13, 2 010. China has told its biggest banks to increase reserves in a new move to control lending, news reports said Tuesday, as Beijing tries to cool inflation and housing prices without derailing its recovery from the g lobal slump. CHINASEEKSTOCONTROLLENDING BM to cut 190 jobs in Dublin, move them to China

PAGE 24

were not significantly lowered, and such a strategy is best suited to ensure our long-term profitability. Robert Sands said the IMFs report on the economic outlook for the Western Hemisphere as it r elates to tourism in the B ahamas was based on 2 009 data, and it is extremely important contextually that regard be giv-en to the fact that tourism industry efforts have resulted in higher year-to-date growth in arrivals in 2010 in t he Bahamas than most of regional competitors. Prices This suggested that while p rices remained relatively h igh, other promotional steps enabled the Bahamian tourism industry to move ahead of other countries in relation to this key indicator. Meanwhile, Mr Sands said t he productivity issues that t he IMF report points to w ith regard to the Bahamian w orker the institution revealing that productivityl evels have dropped by 20 p er cent even as levels of c ompensation has risen by o ver 20 per cent are an a cknowledged problem in the tourism industry, which tremendous effort isa ttempting to address. Mr Sands said he is cautiously optimistic that over the next decade the trend of d eclining productivity among Bahamian hotel workers, in particular, can b e reversed and improved through increased emphasis on training. He said the e stablishment of the Workforce Development Unit in t he BHA three years ago is part and parcel of this drive. In its report on the econ omic outlook for the Western Hemisphere, released W ednesday, the IMF praised the Bahamas focus on tourism as an economic model for the rest of the C aribbean to emulate, suggesting that a similar focus by other countries could r esult in an overall 4 per cent uptick in economic g rowth for the region. The report said that rather than encouraging volatility o f growth, dependency of tourism not only raises per c apita GDP growth but also helps to reduce its volatilit y. The Bahamas, it added, e njoyed the Caribbeans second highest share of USa rrivals between 2004 and 2 007. H owever, the report did p resent the warnings on B ahamian hotel room pricing and worker productivity telling of how countriesl ike Jamaica and the Dominican Republic lowered prices on account of the recession and were able to m aintain their arrival levels while countries like The Bahamas saw a fall off. Industry Speaking of hotel prices, Mr Sands said: Certainly as a n industry we have intent ionally not lowered rooms t o the level of competitors. However, while it wouldn ow make us appear less c ompetitive, history has shown it is important that we maintain rates not only to ensure our long-term survival and profitability. We concur with the conclusions that a key challenge f or the region, and by extens ion for the Bahamas, certainly lies in strengthening of our competitiveness and,i n 2010, thanks to the private and public relationship, we were able to address the consumer price sensitivitiesb y not necessarily lowering t he cost of hotel rooms but through lowering the cost off lying here through the C ompanion Flies Free programme and many promotions, including value-added and a free room night tob roaden our appeal. We were creative in the way we were able to give value. The prudence of this strategy, he suggested, could be seen through analysis of 2010 rather than 2009 arrival figures, which place the Bahamas ahead of tourism d estinations regionally in a ttracting visitors. Mr Sands noted that due consideration had to be given to the fact that the expense of operating the resorts in the Bahamas, and the fact that it is very diffic ult to get back to the values t hat you would wish to sell p roducts for once you reduce your rates. So its important that we be creative in the way the destination is promoted at the risk of losing some occupancy but maintaining the value of the product, said the BHA President. W ith regard to the slump in worker productivity overa close to 20-year period, Mr S ands said this was a problem not only for the Bahamas but for the entire region and one on which t he tourism industry has p laced great emphasis. It was for this reason that w e established the Workf orce Development Unit in t he BHA three years ago, and we are working on number of education, certificat ion and scholarship programs and we acknowledged t his must be done. But there is room for improved collaboration between stakeh olders in the industry the unions, government and e ducational institutions to continue to address this part icular challenge, he added. I am cautiously optimistic that we will begin to t urn around this indicator that has somewhat maligned o ur industry, he said. In a final caveat for the Bahamian tourism industry, t he IMF noted that a major threat to our success withint he region in attracting US t ourists would be the open ing up of Cuba to that market. Mr Sands said that theres no question that Cuba would draw many US tourists if the embargo ont ravel were lifted, but he is confident the Bahamas having been the profes sional tourism destination it i s with its various products, a menities and attractions, well-established both as a stopover and cruise destina t ion, will endure this chal lenge when it arises. C M Y K C M Y K BUSINESS PAGE 6B, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 127,&(LVKHUHE\JLYHQWKDW 5,&$5'22/,9(5-2+16 R I %$66)5((3257*5$1'%$+$0$ L V D SSO\LQJWRWKH0LQLVWHUUHVSRQVLEOHIRU1DWLRQDOLW\DQG &LWL]HQVKLSIRUUHJLVWUDWLRQQDWXUDOL]DWLRQDVFLWL]HQRI 7KH%DKDPDVDQGWKDWDQ\SHUVRQZKRNQRZVDQ\UHDVRQ ZK\UHJLVWUDWLRQQDWXUDOL]DWLRQVKRXOGQRWEHJUDQWHG VKRXOGVHQGZULWWHQDQGVLJQHGVWDWHPHQWRIWKHIDFWV ZLWKLQWZHQW\HLJKWGD\VIURPWKH VW GD\ RI 2FWREHU WRWKH0LQLVWHUUHVSRQVLEOHIRUQDWLRQDOLW\DQG&LWL]HQVKLS 3 High room rates is deliberate strategy FROM page 1B Certainly as an industry we have intentionally not lowered rooms to the level of competitors. However, while it wouldn ow make us appear less competitive, history has shown it is important that we maintain rates not only to ensure our long-terms urvival and profitability. R obert Sands

PAGE 25

were not significantly lowered, and such a strategy is best suited to ensure our long-term profitability. Robert Sands said the IMFs report on the economic outlook for the Western Hemisphere as it r elates to tourism in the B ahamas was based on 2 009 data, and it is extremely important contextually that regard be giv-en to the fact that tourism industry efforts have resulted in higher year-to-date growth in arrivals in 2010 in t he Bahamas than most of regional competitors. Prices This suggested that while p rices remained relatively h igh, other promotional steps enabled the Bahamian tourism industry to move ahead of other countries in relation to this key indicator. Meanwhile, Mr Sands said t he productivity issues that t he IMF report points to w ith regard to the Bahamian w orker the institution revealing that productivityl evels have dropped by 20 p er cent even as levels of c ompensation has risen by o ver 20 per cent are an a cknowledged problem in the tourism industry, which tremendous effort isa ttempting to address. Mr Sands said he is cautiously optimistic that over the next decade the trend of d eclining productivity among Bahamian hotel workers, in particular, can b e reversed and improved through increased emphasis on training. He said the e stablishment of the Workforce Development Unit in t he BHA three years ago is part and parcel of this drive. In its report on the econ omic outlook for the Western Hemisphere, released W ednesday, the IMF praised the Bahamas focus on tourism as an economic model for the rest of the C aribbean to emulate, suggesting that a similar focus by other countries could r esult in an overall 4 per cent uptick in economic g rowth for the region. The report said that rather than encouraging volatility o f growth, dependency of tourism not only raises per c apita GDP growth but also helps to reduce its volatilit y. The Bahamas, it added, e njoyed the Caribbeans second highest share of USa rrivals between 2004 and 2 007. H owever, the report did p resent the warnings on B ahamian hotel room pricing and worker productivity telling of how countriesl ike Jamaica and the Dominican Republic lowered prices on account of the recession and were able to m aintain their arrival levels while countries like The Bahamas saw a fall off. Industry Speaking of hotel prices, Mr Sands said: Certainly as a n industry we have intent ionally not lowered rooms t o the level of competitors. However, while it wouldn ow make us appear less c ompetitive, history has shown it is important that we maintain rates not only to ensure our long-term survival and profitability. We concur with the conclusions that a key challenge f or the region, and by extens ion for the Bahamas, certainly lies in strengthening of our competitiveness and,i n 2010, thanks to the private and public relationship, we were able to address the consumer price sensitivitiesb y not necessarily lowering t he cost of hotel rooms but through lowering the cost off lying here through the C ompanion Flies Free programme and many promotions, including value-added and a free room night tob roaden our appeal. We were creative in the way we were able to give value. The prudence of this strategy, he suggested, could be seen through analysis of 2010 rather than 2009 arrival figures, which place the Bahamas ahead of tourism d estinations regionally in a ttracting visitors. Mr Sands noted that due consideration had to be given to the fact that the expense of operating the resorts in the Bahamas, and the fact that it is very diffic ult to get back to the values t hat you would wish to sell p roducts for once you reduce your rates. So its important that we be creative in the way the destination is promoted at the risk of losing some occupancy but maintaining the value of the product, said the BHA President. W ith regard to the slump in worker productivity overa close to 20-year period, Mr S ands said this was a problem not only for the Bahamas but for the entire region and one on which t he tourism industry has p laced great emphasis. It was for this reason that w e established the Workf orce Development Unit in t he BHA three years ago, and we are working on number of education, certificat ion and scholarship programs and we acknowledged t his must be done. But there is room for improved collaboration between stakeh olders in the industry the unions, government and e ducational institutions to continue to address this part icular challenge, he added. I am cautiously optimistic that we will begin to t urn around this indicator that has somewhat maligned o ur industry, he said. In a final caveat for the Bahamian tourism industry, t he IMF noted that a major threat to our success withint he region in attracting US t ourists would be the open ing up of Cuba to that market. Mr Sands said that theres no question that Cuba would draw many US tourists if the embargo ont ravel were lifted, but he is confident the Bahamas having been the profes sional tourism destination it i s with its various products, a menities and attractions, well-established both as a stopover and cruise destina t ion, will endure this chal lenge when it arises. C M Y K C M Y K BUSINESS PAGE 6B, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 127,&(LVKHUHE\JLYHQWKDW 5,&$5'22/,9(5-2+16 R I %$66)5((3257*5$1'%$+$0$ L V D SSO\LQJWRWKH0LQLVWHUUHVSRQVLEOHIRU1DWLRQDOLW\DQG &LWL]HQVKLSIRUUHJLVWUDWLRQQDWXUDOL]DWLRQDVFLWL]HQRI 7KH%DKDPDVDQGWKDWDQ\SHUVRQZKRNQRZVDQ\UHDVRQ ZK\UHJLVWUDWLRQQDWXUDOL]DWLRQVKRXOGQRWEHJUDQWHG VKRXOGVHQGZULWWHQDQGVLJQHGVWDWHPHQWRIWKHIDFWV ZLWKLQWZHQW\HLJKWGD\VIURPWKH VW GD\ RI 2FWREHU WRWKH0LQLVWHUUHVSRQVLEOHIRUQDWLRQDOLW\DQG&LWL]HQVKLS 3 High room rates is deliberate strategy FROM page 1B Certainly as an industry we have intentionally not lowered rooms to the level of competitors. However, while it wouldn ow make us appear less competitive, history has shown it is important that we maintain rates not only to ensure our long-terms urvival and profitability. R obert Sands

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C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, OCTOBER 21ST, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 'U/LX=HOLQ/HRf+DV 029('IURPLOODJHRDGWR :LQFKHVWHUWUHHWDOPGDOH0LUDFXORXV&KLQHVHHGLFDO'RFWRU 6WRSDLQ,Q$LQXWHV DOCTORS HOSPITALThursday, October 21st, 2010 @ 6pmDoctors Hospital Conference Room LECTURE DATE Please join us as our guest every third Thursday of the month for this scintillating series of the most relevant health issues affecting society today.DISTINGUISHED LECTURE SERIES S P E A K E R: Dr. Theodore TurnquestHematology/OncologyPurpose:To educate the public about the important health issues, presented by Screenings:Get your Free Blood Pressure, Cholesterol, and 5pm & 6pm.RSVP: THIS MONTHS TOPICBREAST CANCER SCHEDULELECTURE SERIES November Lecture is Diabetes December Lecture is TBA and complemented by best in class brands, which will make the Bahamas the best tourist destination. It puts the Bahamas in a very positive position in terms of attracting business to the destination. Apart from the existing Sheraton and Wyndham brands, the final resort line-up will include Hyatt as the convention resort operator/manager; Morgans Hotel Group as the lifestyle hotel brand; and Rosewood Hotels & Resorts as the luxury hotel brand. The only missing component is still the casino operator and casino hotel brand. Pointing out that all these brands targeted a specific niche, Mr Sands said the Wyndhamwould be pitched as the entry level or lowest price point, with Rosewood at the top end. Were creating a range of choices at a range of price points, which is a unique offering by Baha Mar, Mr Sands said, different price points to attract those customers. The best chance of success for a destination is to have a huge amount of amenities and range of things to do. We have price points that appeal to all income levels and all walks of life. As a result, Baha Mars appeal would transcend different demographic groups, covering the likes of young families and the so-called Baby Boomers. Mr Sands added that the variety of resort brands and amenities would also target cruise passengers on day passes, much as Atlantis has successfully done, with the aim of converting them into future stopover visitors. Completion Baha Mars completion of its resort brand lineup comes amid the ongoing controversy surrounding the $2.6 billion project, particularly Prime Minister Hubert Ingrahams cool response to it, and even if the Government approves it whether it will deliver the economic/social benefits promised. It appears that much will hinge on the Prime Ministers impending trip to China, during which he will meet with Baha Mars construction/equity and financing partners, China State Construction and China Export-Import Bank. It is also likely that he will attempt to meet with senior Chinese leaders, who are the ones that really call the shots at the two stateo wned companies. During these meetings, it seems as if the Prime Minister will attempt to persuade Baha Mars partners to modify their demands for 8,000-plus Chinese work permits, something he has said his government will not budge on. He is also likely to implore the Chinese to do the project in stages, making it digestable for the Bahamas, rather than doing it all at once. The Prime Minister may also look to rework the final terms of any new agreement with Baha Mar, since the land transfer dates contained in the 2008 supplemental Heads of Agreement between the two sidesh ave expired, the developer having failed to fulfil its conditions precedent within the specified timeframe. In the meantime, Baha Mar is pressing gamely ahead with its plans, and the attraction of hotel brands such as Hyatt and Rosewood certainly appears to be a vote of confidence in the Bahamas prospects as a tourist destination. Attractive Don Robinson, president of Baha Mar Ltd, told Tribune Business that the Cable Beach redevelopment had proven especially attractive to hotel operators, since there were few other projects of its scale and with a top location to boot going on in the world. I can tell you that these brands are extremely excited about this project, Mr Robinson said. When you look at things, there is not a lot of development in the world, and brands have to grow. Theres not a lot of development out there that suits their style. Witha new build and exotic location like the Bahamas, theyre just thrilled to be part of this. As for Baha Mars current two Cable Beach resorts, Mr Robinson told Tribune Business that the Sheraton was starting to ramp up after coming out of the traditionally slow September season, and was looking good for the rest of the year. Mr Sands added that both it and the Wyndham were meeting, and in some cases exceeding, the average Bahamian resort industry benchmarks. While the Sheraton was giving us the type of reservations were looking for, Mr Sands added: The Wyndham is more challenging, but weve seen improvements in its performance year-over-year. Weve done some things to make that happen, and expect it to come in above forecast at the end of the year. F ROM page 1B All walks of life counterbalance to Paradise Isl. DON ROBINSON due to the number of Bahamians attracted to t hese businesses. A cknowledging that the situation posed a r isk to the Bahamas jurisdictional reputation, M r Ward said the Securities Commission decided to permit a 30-day compliance extens ion after realising that not all persons/firms concerned were aware of the initial notice andd eadline. We realised that persons may need more time to report, he told Tribune Business. There were some people aware of the notice, and some people who were not aware that t hey had to take the steps outlined in the n otice, so we felt it would be best to give persons more time to come and respond to it. Some persons have already reported to the Commission, so it has had an initial effect. When asked how many unlicensed operators had responded to the regulators promptings, Mr Ward said: Weve had about five at least, m aybe more, because Ive not been in all the meetings. A s for the business niches these entities were operating in, Mr Ward added: Theyve been involved with money lending, mortgage broking mainly. A cknowledging that unlicensed money lending/broking activities carried significant reputational risk for the Bahamas and its financial s ervices industry, Mr Ward said: It would certainly be of importance to us from that standpoint, if only that. From our own per-s pective, it is an area, because of how it is g rowing, that ought to be regulated. Given the number of persons that are operating in this area, it is of significant import ance. It is of significant importance in terms of persons going to these operations and businesses, and it is a growing area of concern tou s. In announcing the 30-day extension, the Securities Commission said failure to report to the regulator by that deadline would result in any remaining unlicensed entities facing criminal prosecution. The Inspector would like to point out that w hile persons have been reporting, the time has been extended to give more persons the opportunity to report and become regularisedu nder the Act, the Securities Commission said. Persons whose business activities include the promotion of get-rich-quick schemes, ponzi s chemes or deploy any scheme that places the investing public in harms way, should know that if discovered by the Inspector, they will be reported to the police for criminal prosecu t ion and dealt with to the full extent of the law. The Inspector assures the general public that it remains resolute in its efforts to protect the public from persons who seek to operateo utside the confines of the law. Growing concern on informal lenders FROM page 1B

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C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, OCTOBER 21, 2010, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM D EREK GATOPOULOS, Associated Press Writer ATHENS, Greece Greece's prime minister said Wednesday his government will not impose further wage or pension cuts, or increae taxes, as a result of an expected u pward revision to the budget deficit. George Papandreou said the Greek people had already made "unprecedented sacrifices." Greece is battling to slash overspending and improve public finances after being rescued from the brink of bankruptcy t his year by loans from European countries and the International Monetary Fund worth ?110 billion ($152 billion three years. The European Union's statistics agency, Eurostat, is to revise Greece's deficit and debt figures for 2006-2009 making Athens' ambitious d eficit-reduction targets harder to reach. The deficit for 2009 is expected to rise to about 15 percent of gross domestic product or higher from the current projection of 13.6 percent, according to estimates by Greek authorities. EU officials said this week that Eurostat had planned to announce the revision Friday but could delay the announcement until mid-November. On Monday, EU finance commissioner Olli Rehn said Greece "may require some additional measures of fiscal consolidation in order to stick to (its But Papandreou who's year-old Socialist government faces municipal elections next month insisted Greece will meet its deficit reduction tar gets in 2010 without additional austerity measures for average Greeks. "I repeat that, whatever happens, there will be no additional burden placed on wage earners and pensioners. There will be no additional increase in tax rates beyond the ones we have already committed to making," Papandreou said. "We will meet our commitments, because this is a matter for survival for the country, but that is as far as we will go. Everyone must understand that the Greek people have made unprecedented sacrifices." Greece remains on target to meet its deficit-reduction tar gets in 2010, according to data announced by the Finance Ministry late Wednesday for the first nine months of the year, but conceded it was suffering a "lag in revenues." The ministry reported a 30.9 percent reduction in JanuarySeptember compared to 2009, beating its 29 percent target. The government, meanwhile, is battling to lure new investment. Draft legislation to "fast track" large investment, and bypass the bureaucratic obstacles, is currently being debated in parliament. But government officials on Wednesday confirmed reports that negoti ations to import liquefied nat ural gas from Qatar to Greece and build a terminal in western Greece for export to Italy had collapsed. The officials said the end of the talks would not affect a separate investment deal signed with Qatar last month worth a potential $5 billion. Greece: deficit revision won't cause new wage cuts ( AP Photo /Thanassis Stavrakis) D EMOCRACYINACTION: G reeces Socialist Prime Minister George P apandreou casts his ballot in a vote for a new leadership of his partys parliamentary group in Athens on Monday,Oct. 4, 2010. The Greek government is expected to propose more austerity measures w hen it submits its budget for 2011 on Monday, in an attempt to fur ther trim the deficit and meet targets set by an international bailout. INTERNATIONAL BUSINESS

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DAVID STRINGER, Associated Press Writer LONDON Fighting record debt, the British government on Wednesday outlined the largest cuts to public spending since World War II slashing benefits and thousands of public sector jobs with an austerity plan aimed at restoring the nation's finances. After the country spent bill ions bailing out indebted banks, and suffered a squeeze on tax revenue and an increase in welfare bills, Treasury chief George Osborne staked the coalition government's future on tough economic remedies. Osborne confirmed there would be 81 billion pounds ( $128 billion) in spending cuts through 2015, which he claims are necessary along with some tax increases to wipe out a spending deficit of 109 billion pounds ($172 billion As many as 500,000 public sector jobs will be lost, about 18 billion pounds ($28.5 billion a xed from welfare payments and the pension age raised to 66by 2020, earlier than previously planned. Even Queen Elizabeth II will take a hit, asked to trim the budget the government pro vides for her palaces and staff by 14 percent. It is a hard road, but it leads to a better future," Osborne said, preparing the public for hardship as he seeks a balanced budget within four years. Osborne stood on the floor of the House of Commons for more than an hour and ruthlessly dismantled program after program built during the Labour government's 13-year reign, saying Britain must "con front the bills from a decade of debt." The Conservatives promised to scythe through Britain's debts after forming a government with the smaller Liberal Democrats following an inconclusive May election. Labour lawmaker Alan Johnson, his party's economic spokesman, claimed many Con servatives relished the oppor tunity to shrink the size of the British state by slashing government jobs and programs. "We've seen people cheering the deepest cuts to public spending in living memory," he told parliament. Osborne insisted Britain's richest would bear the greatest burden of tax rises and welfare cuts, citing changes that will see about 1.5 million better off families lose child benefit pay ments. However, poorer Britons will have housing payments and about a dozen other benefits restricted. While many ordinary Britons will lose out, Osborne confirmed a temporary levy on bank balance sheets will be made permanent, potentiallyr aising billions of pounds (dol lars). "We will extract the maximum sustainable taxes from the banking system," Osborne said. Spending on health, educa tion and overseas aid will be maintained at current levels or increased, while major trans-p ort projects and a 1 billion ($1.6 billion carbon capture and storage technology will go ahead. But Osborne said almost all other areas of government must make savings though depart ments faced average cuts of 19 percent to their budgets, not the 25 percent feared. Some critics believe the gov e rnment could have chosen to clear Britain's debts at a slower pace, protecting public sector jobs. They accuse Osborne of an ideological commitment to small government and using the chance presented by the eco nomic issues to carry it out. "This spending review will throw a generation of people on the scrap heap," said Mark Serwotka, general secretary of the Public and Commercial Services labor union. "These cuts are a political choice." O sborne confirmed the policing budget will fall by 4 percent a year part of an overall 23 percent cut to Home Office's resource spending. The Asso ciation of Chief Police Officers said Britain would have fewer police as a result. In one of the most significant p roposals, Osborne said the state pension age for men and women will rise to 66 by 2020, four years earlier than planned. It will alter retirement plans for5 million people, but save 5 bil lion pounds ($7.8 billion once it comes into effect. Members of the public across Britain were anxiously exam ining the details, fearing the impact on jobs and services particularly in areas of northern England which are heavily dependent on public sector employment. In the southern London district of Croydon on Tuesday, a group of seniors discussed the cuts at a government-funded community group already struggling with budget con straints. Eileen Dean, an 83-year-old retiree, worried what young and old alike would do if Osborne's plans forces the group to close. "The kids aren't going to have anything to do, it'll be back to playing football in the streets and breaking windows," she said. "I might have to join them." Britain's 85-year-old former leader Margaret Thatcher was among others debating the plans her son said despite being sent to hospital on Tuesday following a bout of flu. Thatcher's successor, David Cameron, on Tuesday announced an 8 percent cut to the annual 37 billion pound ($59 billion over four years, though he insisted Britain would properly fund the mission in Afghanistan. Osborne promised Britain would have the resources to tackle terrorism and to protect the 2012 London summer Olympic Games, but confirmed the country's spy agencies will be asked to make savings. Despite a 650 million pounds ($1.03 billion cyber terrorism defenses,B ritain's three major intelli gence agencies face about a 7.5 percent cut over five years. They share an annual budget of about 2 billion pounds ($3.2 billion), though the government never discloses the share given to each agency. Hundreds of London-based d iplomats are likely to lose their jobs under a 24 percent cut to the foreign ministry's resource budget, while the British Broadcasting Corp. must take on the full costs of running the World Service previously subsidized by the Foreign Office. S till, despite the cuts to domestic spending, Britain will still meet a U.N. target to spend 0.7 percent of gross national income on overseas aid by 2013. "Even in these difficult times, we will honor the promise we made to some of the very poorest people in the world," Osborne said. However, some analysts predicted the public may demand aid spending is reduced, as they cope with hardships. Recent surveys and protests suggest many Britons are uneasy about the spending cuts. On Tuesday, hundreds of labor union members marched to Parliament and a handful of climate campaigners climbed atop the Treasury building to oppose Osborne's plans. Hilary Green, a 58-year-old lawyer, said cuts to police departments would be a wor ry. "I'd definitely have more police than a lower national debt," she said, in the lobby of London's King's Cross rail station. "They should focus on taking away desk jobs, not retiring people from the front lines." 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Britains T reasury chief George Osborne said Wednesday the countrys government will make the largest cuts to public spending since World War II, slashing benefits and public sector jobs in a five-year austerity plan. T ALKING TOUGH: I n this screen grab from the House of Commons, British Chancellor George Osborne, centre, delivers the Comprehensive Spending Review, in London. Wednesday Oct. 20, 2010. INTERNATIONAL BUSINESS

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DAVID K. RANDALL, AP Business Writer NEW YORK T he stock market is r ebounding a day after a bigsell off brought on by concerns over a slowdown in China. Stocks rose in afternoon trading Wednesday, regaini ng much of the ground lost t he day before, as traders saw overnight gains in China as an encouraging sign that the country's surprise interest rate hike will not dampen the global economy. A batch of positive corpor ate earnings reports from c ompanies like Delta Air Lines Inc. and Boeing Co. also helped send the stock market broadly higher. The Shanghai Composite Index, China's main stock m arket benchmark, rose s lightly in overnight trading. Those gains "helped create a more constructive tone for the trade this morning," said Nick Kalivas, an equity analyst for MF Global. T he fact that China raised i nterest without leading to a drop in stock prices "was a sign of strength," said Sandy Mehta, a portfolio manger in Value Investment Principals who is based in Hong Kong. Raising rates show that they h ave confidence in their economy and it continues to grow strongly." The Dow Jones industrial average rose 146.94, or 1.2p ercent, to 11,125.56. The b roader Standard and Poor's 5 00 index was up 14.3, or 1.2 percent, to 1,180.16, and the t echnology-focused Nasdaq composite index was up 25.7, o r 1.1 percent, to 2,462.67. Delta rose 11.1 percent after the company announced a profit driven by a 19 percent jump in passenger revenue. That helped push shareso f competitors like Jet Blue a nd Southwest Airlines up more than 3 percent. Boeing rose 2.2 percent a fter the aircraft manufactur er raised its profit forecast for the year and said that ite xpects to sell more commerc ial airplanes. Boeing was the top performer among the 30 companies in the Dow. Every component of the Standard and Poor's 500 showed gains. Financials weret he weakest as investors continue to question what the impact will be over reports that the New York Federal Reserve will join institutional b ond holders in an effort to force Bank of America Corp. t o repurchase billions of dollars in mortgage bonds issued by Countrywide Financial,w hich BofA purchased in 2008. The North Carolina bank was down 18 cents, or 1.5 percent, to $11.63. B efore the market opened, S an Francisco bank Wells F argo & Co. announced that i t beat profit forecasts but missed slightly on revenues, while Morgan Stanley report-e d a loss of 7 cents per share on special charges. Shares of W ells Fargo were up $1.34, o r 5.5 percent, at $25.90. S hares of Morgan Stanley edged up 9 cents to $25.52. Traders will get more i nsight into the U.S. economy later Wednesday when the Federal Reserve issues its b eige book report, which b reaks down the health of the economy by region. West Coast Internet comp anies eBay Inc. and Netflix Inc. will report results after the market closes. H ong Kong's Hang Seng i ndex fell 0.9 percent. The Euro Stoxx 50 index of bluechip companies in Europe rose 0.2 percent. The dollar fell a little more than 1 percent against a broad basketo f currenices. Bond prices traded in a tight range. The yield on the benchmark 10year Treasury note, which moves opposite its price, fell to 2.46 percent from 2.48 per-c ent late Tuesday. C M Y K C M Y K BUSINESS PAGE 12B, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM DAVID KOENIG, AP Airlines Writer DALLAS A irlines can't control the economy, but by limiting the number of seats for sale they are pushing up fares and earning their biggest profits in three years. Delta, US Airways and the parent of American Airlines all posted higher-than-expected e arnings for the peak summer travel season. They were helped by rapid growth in international traffic and a budding recovery in corporate travel. Delta gave an upbeat outlook for the upcoming holidays. Investors rewarded the com panies by driving airline stocks sharply higher. Delta shares climbed more than 10 percent to $12.91, American parent AMR Corp. rose 8 percent to $7.04, and US Airways Group Inc. rose 6.5 percent to $10.74 in afternoon trading. Fuel When fuel prices soared and then the global economy slowed, airlines grounded planes and cut flights. They've restored some of those cuts this year, but not all of them, leav ing fewer available seats than existed in 2008. That's helped the airlines boost fares. American said passenger yield, or the average fare per mile, rose nearly 11 percent compared with last summer. The biggest airlines the ones that fly all over the world are also benefiting now that international travel is growing much more rapidly than traffic within the U.S. Delta Air Lines Inc. increased its presence in Asia when it bought Northwest Airlines, and it has added a dozen new nonstop trans-Pacif ic routes since 2008. Those moves paid huge dividends this summer. Now the biggest U.S. airline to Asia, Delta made 54 percent more money from passengers on those flights than it did a year ago. Revenue from flights to and from Europe jumped by 25 percent. American and United hope to cash in too, as both have recently announced plans to fly between Los Angeles and Shanghai, China. They would take on China Eastern Airlines, which already flies the route. Airlines lead stock market higher; Dow up 155 points Delta, AMR, US Airways post 3Q profits INTERNATIONAL BUSINESS

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C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, OCTOBER 21ST, 2010, PAGE 13B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM MARTIN CRUTSINGER, AP Economics Writer WASHINGTON The Obama administration is increasing pressure on Chinato move more quickly with allowing its currency to rise in value against the dollar. A senior Treasury Department official told reporters W ednesday the currency issue would be a major topic at weekend meetings in South Korea of finance officials from the Group of 20 major economies. "When large economies with undervalued exchange rates act to keep their currencies from appreciating, it compels other countries to do the same," the official said. "It is bad for the system, bad for all of us." The official spoke under ground rules that did not permit identification by name in advance of the G-20 meetings. Competitive T he administration wants the Chinese currency to appreciate to make U.S. products more competitive overseas and boost U.S. manufacturing jobs. Treasury Secretary Timothy G eithner and other U.S. officials have been increasing pres sure in recent weeks in advance of Nov. 2 congressional elections. The weak economy and h igh unemployment have been major issues on voters' minds. Geithner and Federal Reserve Chairman Ben Bernanke will attend meetings Friday and Saturday in South Korea. The group includes traditional economic powers such as the United States, Germany and Japan and fast-growing economies such as China and India. The talks among the finance ministers and central bank presidents will help set the agenda for a Nov. 11-12 summit of G20 leaders. President Barack Obama and the other heads of state will attend the summit. "Advancing the pace and effectiveness of global rebal ancing will be the dominant pri ority going into these meetings," the Treasury official said Wednesday. The trade gap with China is the largest that the United States runs with any country. U.S. manufacturers contend that a major reason for that is the Chinese currency is undervalued by as much as 40 percent. That makes Chinese goods cheaper for U.S. consumers, and U.S. products more expensive in China. China's currency has been tightly linked to the dollar. In June, before a G-20 summit in Toronto, China announced that it would allow more flexibility to let the currency rise. However, since that time, it has risen by less than 3 percent. Last Friday, the administration delayed issuing a report required by Congress that notes which countries are manipulating their currencies. Instead, officials praised the recent appreciation of the yuan but said it needed to continue. They said the currency report would not be issued until after the G-20 talks. On Wednesday the Treasury official said the G-20 discus sions would examine ways to make progress in reducing trade imbalances. But the official refused to say whether the United States would support inclusion of a specific limit such as 4 percent of a country's total econo my for deficits and surpluses. ( AP Photo /Alexander F. Yuan) C HINA O N THERISE: W orkers change a layer of an advertisement board showing skyscrapers as a man walks by near Beijings Central Busi ness District, Wednesday, Oct. 13, 2010. China has told its biggest banks to increase reserves in a new move to control lending, news reports said Tuesday, as Beijing tries to cool inflation and housing prices without derailing its recovery from the global slump. US pressures China on currency ( AP Photo/J. Scott Applewhite) APPLYINGPRESSURE: President Barack Obama speaks to reporters in the Rose Garden to highlight a new report on the impact of his $50 billion infrastructure-investment proposal, Monday, Oct. 11, 2010, at the White House in Washington. Joining Obama, from left to right, are: Secretary of Treasury Timonthy Geithner, Secretary of Transportation Ray LaHood, and Gov. Ed Rendell, D-Penn. INTERNATIONAL BUSINESS

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Republican arsenal because its benefits are unclear for many voters, said political scientist Stephen Voss at the University of Kentucky. "There is a general sense that Democrats got to Washington and busted open the piggy bank, squandered everything, and we haven't seen much improvement as a result," Voss said. A photo of Obama hangs on the wall in CoraFaye's Cafe, a short walk from the Denver museum where Obama signed into law the most sweeping U.S. e conomic package. Customers savoring fried chicken and cornbread roll their eyes when asked whether the stimulus made a difference. "Are you kidding?" said Donn Headley Sr., a 61-yearold whose heating and air conditioning company closed last year because for lack of busi ness. Owner Priscilla Smith said s he is an Obama fan but does not think the stimulus helped business. People are eating out less, and except for a new beauty parlor next door, there's nota lot of additional shops popping up on her busy street. "The jury's still out on the stimulus for me, I guess," Smith said. "I don't see it directly not yet, anyway." More worrisome for Democrats are voters like Kendra Jassmann, a 44-year-old mother of two in the Denver suburb of Aurora, who received stimulus money to help with rent after she was injured and had to quit work. A few months after a l ocal charity started helping with her rent, the charity told her its stimulus money had run out and she was on her own. Jassmann says she may be homeless by Christmas. "I thought the stimulus was going to help," Jassmann said as she packed boxes. "I see the banks, the rich people, getting help, but I don't see us getting it. It's unbelievable." C M Y K C M Y K BUSINESS PAGE 14B, THURSDAY, OCTOBER 21ST, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 127,&(7DNHQRWLFHWKDWWKH %DKDPDV%DU&RXQFLOZLOOKHDU DQDSSOLFDWLRQ0U/HRQ 6PLWKIRUUHVWRUDWLRQWRWKH UROOSXUVXDQWWRVHFWLRQ RIWKHOHJDOSURIHVVLRQDFWRQ )ULGD\2FWREHUDW VXSUHPHFRXUWEXLOGLQJ %DQN/DQHDVVDX 0HPEHUVRIWKHEDUDQGDQ\ SHUVRQVKDYLQJREMHFWLRQVRU ZRXOGOLNHWRPDNHUHSUHVHQ WDWLRQDUHXUJHGWRDWWHQGWKH KHDULQJ 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 Open Saturdays10.00am2.00pm JORDAN ROBERTSON, A P Technology Writer CUPERTINO, California Apple Inc. unveiled new MacBook Air ultralight laptops and offered a few glimpses of its new Mac operating system software Wednesday. Apple CEO Steve Jobs intro d uced the two new MacBook Air models, saying, "We asked ourselves: What would happen if a MacBook and an iPad hooked up?" One of the new laptops has a screen that's 13.3 inches (33.8 centimeters) diagonally. The second has an 11.6-inch (29.4-centimeter Like the past generation, the MacBook Air can't read CDs or DVDs. This generation also doesn't have a hard disk drive. Instead, it uses all flash memo ry, like the iPhone does. The larger MacBook Air is 0.68 inches (1.73 centimeters at its thickest point and weighs 2.9 pounds (1.3 kilograms has a battery life of seven hours. The smaller one weighs 2.2 pounds (1 kilogram rated to last five hours. Both can sit on standby for 30 days. The smaller one costs $999 with 64 gigabytes of flash mem ory storage, or $1,199 with 128 gigabytes. The larger one costs $1,299 with 128 gigabytes or $1,599 with 256 gigabytes. Apple also announced a new version of its operating system, called Mac OS X Lion, that will include a store for Mac softw are. It's similar to the iTunes store that sells apps for iPhone, iPod Touch and iPad. Other Lion features mimic those on the iPhone or iPad. Mac users can move from the main desktop to a "dashboard" filled with widgets by swiping a multitouch mouse or trackpad.P eople can drag one program icon on top of another to createa new folder. Lion is expected during summer 2011. Apple didn't say how much it would cost. The company is also adding FaceTime video chatting to Macs, a feature that debutedt his summer on the iPhone 4. And the company demonstrated the new version of iLife, its programs for managing photos, editing videos and music and doing other tasks. Apple is adding more ties between its iPhoto program and the popular social networking site Facebook. When people look at pictures they've published on Facebook, iPhoto displays comments friends made on that site. Other new features include the ability to manage photos ina full-screen view, slick new slideshow templates and the ability to e-mail customized photo-postcards from iPhoto. In iMovie, Apple improved audio editing and the ability to easily piece together movie trailers. ILife '11 comes installed on new Macs and can be pur chased as an upgrade for $49 starting Wednesday. The pre vious 2009 version cost $30 more. Apple's stock edged up $2.90 to $312.39 in afternoon trading. ( A P Photo / Tony Avelar) J UICYNEWVERSION: A pple CEO Steve Jobs speaks at an Apple event a t Apple headquarters in Cupertino, Calif., Wednesday, Oct. 20, 2010, announcing a new version of iLife, Apple Inc.s programs for managing photos, editing videos and other tasks. (AP Photo/ Tony Avelar ) JUSTTHEJOBS: Apple CEO Steve Jobs talks about the new Apple Macbook Air laptop at Apple headquarters in Cupertino, Calif., Wednesday, Oct. 20, 2010. Apple unveils MacBook Air ultralight laptops INTERN A TION AL BUSINESS Stimulus spending looms large in the US elections FROM page 11B

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The Tribunes RELIGION SECTION € THURSDAY, OCTOBER 21, 2010 € PG 21 By CARA BRENNEN-BETHEL Tribune Features Editor Anglican Bishop Laish Boyd charged Bahamians and Turks and Cacios Islanders to a higher level of personal responsibility in his opening charge to the 110th session of the opening of the Synod of the Anglican Diocese of The Bahamas and The Turks and Caicos Islands.In his sermon at Christ Church Cathedral on Monday evening, Bishop Boyd noted that Bahamians cannot rely solely on the government and the private sector to solve the country's economic problems. "No government alone can build a sound economic future. It takes the government, the private sector, small business and ordinary citizens. Albany, Kerzner, Baha Mar are not the economic saviours of this country. They all have their merit and their part to play but ordinary Bahamians and Turks and Caicos Islanders, small businesses and big businesses, governments and NGO's, churches and civic organisations need to cut spending, save more and take measures that will build a solid foundation for the future, the bishop said. He added that people have to take control of their personal finances by saving more and spending less and for employers to be fair to their workers and workers to give the service for which they are being paid. "There are many good workers in the Bahamas and the Turks and Caicos Islands, but there are too many slackers, who act as if they are doing their employer and their job a favour by turning up. There are too many workers who want something for nothing." Discussing crime, Bishop Boyd noted that while most people want someone else to deal with and stop crime," they themselves are unwiling to address the problem. "They demand it of the government, the police, the church, the Ministry of Education and others. Now all of the above entities have a part to play, and all of the above can do better than they are doing, but these entities cannot solve crime by themselves. They all need people, ordinary Bahamians and Turks and Caicos Islanders, to help them: because it is people who commit crime, people who know about crimes, people who turn a blind eye to crime, people who cloak their children, friends and loved ones who commit crime, people who are prepared to be dishonest, people who use fighting words and encourage revenge rather than encouraging someone to take the high road and to "let it go" rather than follow it up. No government, police force, church or government ministry can overcome this unless the people want it to be better. And that is the responsibility of every citizen." Further Bishop Boyd stressed that Anglicans and the wider Christian community must do more to increase their witness to the world. "Let us seek to live our example. Too many of us live lives that are in conflict with our church involvement and our ministry. We profess one thing but our living says something else. Saying that we are Anglicans, Baptists or Pentecostals is not good enough because that alone does not make us the kind of Christian we should be. Being a Christian is about a personal relationship with God that spills over into how we behave, the way we live, the way we honour and treat others, the way we put the gospel into action. "As we seek to "live right" and to live in the truth, let those of us who call ourselves Christians clean up our act. That means a change for some of us: We need to treat people better." He said this means that some people may need to stop going or sleeping at the places they go to, and the need to stop loose" living, back bitting and gossiping and the excessive use of alcohol. Speaking to his Turks and Caicos members, the bishop said that the diocese remains concerned about the challenges facing the islands. "As you know, the British Government suspended the territory's constitution last year as a result of alleged financial and procedural irregularities on the part of some elected officials and civil servants. This suspension and the ensuing investigation continue to cause alarm, uncertainty and embarrassment among Turks and Caicos Islanders. It is a very trying period in the territory's life. We truly sympathise and offer encouragement. But we have to realise that the British government is also in a pickle. "That government is ultimately responsible for her fourteen remaining dependent territories, and, at the end of the day, the citizens of these territories ultimately look to that government to make up every deficit. They demand that "Mother England" be there for them and so they should. So that government now finds itself faced with a mess that it did not create and must exercise its best stewardship in getting to the bottom of it. Not a good position to be in at all. "I encourage patience and forbearance on the part of all concerned. Pursue honesty, justice and right procedure, transparency and accountability. At the end of the day, this is what is best for the territory, for those who have power, for those who think that they have power, for those who would like to have power, and for those who simply want to live in peace and righteousness this is what is best for everyone." The Synod is the highest decision-making body in the local Anglican Diocese and is made up of the Diocesan Bishop, all active Clergy and two lay delegates from every Parish. Synod is comprised of more than 150 persons who meet to deliberate on the affairs of the Diocese. The Diocese is made up of 25 islands, 21 in The Bahamas and four in the Turks and Caicos Islands. There are 96 active congregations divided into 46 parishes. As we seek to live rightŽ and to live in the truth, let those of us who call ourselves Christians clean up our act. That means a change for some of us: We need to treat people better. A call for personalresponsibility BISHOP LAISH BOYD PERSONAL ACCOUNT: Bishop Boyd noted that Bahamians cannot rely solely on the government and the private sector to solve the country's economic problems.

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THREE things that are guaranteed to rob you of your peace, joy and trust in the Lord are common predators that can stalk us every day: anger, anguish and anxiety. Have you been robbed? Anger is such an insidious emotion that can begin innocently as a mild irritation and fester into hatred, bitterness, violence and revenge. We have a right to object to injustice and cruelty but it is very easy to become as guilty as the perpetrators of the crime if we resort to the same actions.Psalm 37:8 is very helpful in this regard: "Refrain from anger and turn from wrath; do not fretit only leads to evil." When faced with situations that normally "pull your trigger", prepare to have a more Christ-like response well in advance. Pray about your position and ask God for wisdom to know when to be silent, when to speak and how long to wait until you are calm enough to speak with the right tone and body language. Seek counsel if you are unable to control yourself and try to avoid situations that are likely to bring out the worst in you. Anguish is a level of pain which can destroy us if left unchecked for too long a period of time. We each heal at a different rate, but when we cannot function properly and our heart seems to know no respite from the agony of the tragedy, it may be time to accept help to cope more effectively. At some point, we have to give our burden to the Lord, pray for healing and rest in the Spirit. This is where ministry by persons trained in this area and the support of those who are recovering from similar experiences or memories, is invaluable.By God's grace, we must seek peace and pursue it as best we can. Anxiety is concern, care, or contemplation of a matter taken to an extreme. It is as if we are all alone in our situation and there is no God who loves us, directs us, and ultimately controls our circumstances. Most of us are able to remain relatively peaceful for a short time after a session of prayer, study of the Bible, or pastoral counseling. The trouble comes in waiting too much longer beyond this point. A spiritual companion or prayer partner is a true gift in this season of suffering often serving as an anchor when we are tempted to drift on to the rocks of negative thinking. If things are out of our control, we must lay the burden at the foot of the cross, if it is within our control, then clear thinking leading to patiently planned delays or swift action may be the best course to follow. May the Lord protect your heart from the assaults of the enemy and keep you strong in the faith. MEDITATION Three Robbers REV.ANGELA C BOSFIELD PALACIOUS The Tribune PG22 Thursday, October 21, 2010RELIGIONBy ALESHA CADET Tribune Features Reporter THE Bethels Restoration Revival Center comes together to invite one and all to attend Restoration 2010Ž which will feature Florida based pastors Zachary Tims and Jonathan Miller.The event will take place at The Bethel's Restoration Revival Center on Thursday, October 28, starting at 7.30pm. Organisers said this year's revival is in light of the misfortunes that has happened in the nation lately. Pastor Zachary Tims is an American Christian evangelist who is also an inspirational speaker, and co-pastor of the New Destiny Christian Center in Orlando, Florida. Pastor Tims is a featured host on TBS and has a powerful testimony after being freed from drug addiction. According to the New Destiny Christian Center's website, through Pastor Tim's passion to touch lives the church has been a blessing to countless thousands through its major outreach crusades. Also scheduled to speak is Pastor Johnathan Miller of New Beginnings Healing Center in Orlando. He is a young 30-year-old-minister with a powerful healing ministry. According to Leonora Sands, the senior pastor at Bethel's Restoration Revival Centre: "These are young pastors that both minister to the youth, the combination along with the body of Christ coming together to believe God for our nation will transcend into a positive change on this upcoming Thursday. "We would do revival every year, last year we did a revival called "Traveling into the super natural prayer revival", but this year it is call Restoration 2010. The revival last year featured Johnathan Mcknight, a speaker from Orlando as well. We also had appearances from Cece Winans and Beverly Crawford. I want to encourage everyone to come out and be apart of this particular event." My husband (host pastor Derek Sands) and I have realised that a lot of families have been affected by the tragedies and in general, so many people have been victims of great misfortunes but we have learned to keep trying and stay trying" she said. That very same building we are holding this event is an indication to continue trying because the church is viewed as the church that could not finish, we built it from the ground up." The Entertainment for this event includes gospel singing group Shaback, Minister Dwight Armbrister and many more. The church is located on Blue Hill Road. For more information contact 341-5933.The Bethel's Restoration Revival Center presents Restoration 2010' CAPTIVATING: Youth pastors Zachary Timms (left) and Jonathan Miller (right) set to speak at Restortation 2010.

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THEword of God tells us that there is no other name whereby men can be saved. At the name of Jesus Christ every knee shall bow and every tongue shall confess that He is Lord. I will say it is a very powerful name that can accomplish all of that. It is that name that we need to promote above all names. It is when we start believing in other names that we get into all sorts of trouble. What other names am I talking about? Names of mere men and things, pastors, husbands, churches, wives, jobs and the list goes on. Especially as Bahamiansyall know how we go, "Chile my pastor say, and you know who my pastor is?" We keep ignoring the word of God when it states that the, arm of flesh will fail.' Our focus is in the wrong direction. The Bible tells us that God is a jealous God and He will not share His glory with anyone or anything. What other name do you know can cause demons to tremble? It is a powerful name. When those persons who I mentioned earlier realise that people are drawing near to them (especially for the wrong reasons) rather than God they should correct it immediately. There is a king in the Bible who fell sick in his upper chamber and sent one of his servants to ask his false god if he would recover from the disease. Automatically God was offended and sent His servant to this king to tell him that he would not recover but he would die. I said all of that to say this: we cannot live as if there is not a God who can do all things. How dare this king disregard the God of heaven and earth? His going to another god caused him his life. We don't know what it will cost us if seek after the wrong things. We have to be so careful that we don't allow our lack of faith to cause us to make bad decisions. We have to always be mindful that God is the way, the truth, and the life. There is no way we can afford to put confidence in material or temporal things. It's just not smart to do that. Also, unless God set up people as vehicles in your life, He is the only one to look to for everything. Jesus's name is the name that all things are done by. Have you noticed that when people pray, make a request, command and or declare a thing it is asked in Jesus name? It is the name that God the father recognises and act upon. The word of God also informs us that if we ask anything in His (Jesus) name it shall be done. There is no other name that men can be saved by. Demons tremble at that name, the name that is above every name. The mention of that nameevery knee shall bow and every tongue confess that He is Lord. That name is Jesus Christ. Amen!PS.23: 1. The LORD is my shepherd; I shall not want. : 2. He maketh me to lie down in green pastures: he leadeth me beside the still waters. The Lord / Yeshua Messiah, is the Chief Shepherd of the church and pastors are the under shepherds of His church. One of the greatest dangers and misconceptions in the church today is where we as pastors have taken the approach that the church / congregation of which we are pasturing belongs to us; in other words it's our church. This delusional / deceptive spirit has gotten the better part of church leaders worldwide; as it is common to hear church leaders ignorantly make statements about "my church and how many members they've got" The enemy / Satan knows that if he can get church leaders to operate and run the church as their own; an instant disconnection takes place from Yeshua Messiah, the Chief Shepherd. Therefore the question that's often asked is this: "Why is today's church so powerless?" Answer "Through erroneous religious beliefs and teachings prominent, influential church leaders / under shepherds have ignorantly disconnected themselves from the Chief Shepherd thereby stifling the body at large. Being disconnected from the Chief Shepherd can be likened to a critically ill patient in a hospital thats on a life support system; and has ignorantly disconnected himself from that system yet expects to live. This concept / analogy depicts the religious churches here in the Bahamas; where there is much talk about the Chief Shepherd, but the division and competition among church clearly shows the disconnection from the Chief Shepherd / Yeshua Messiah, therefore rending the church's teaching and preaching powerless. An under shepherd that's totally connected to the Chief Shepherd will always receive wisdom and insight as to where and how to find green pastures for the sheepfold. As we (The Bahamas) goes through this tough economic time, social disorder and the moral decay; those church leaders that are truly connection with and to Yeshua Messiah, the Holy Spirit will cause to manifest and assist in the leading of Gods people to green pastures. Despite the facts of a recession it is in times such as these that Yahweh shows up on the behalf of his children; it's just a matter of the under shepherds properly positioning themselves to hear expressly from the Chief Shepherd. David understood this, as he had a working revelation of being connected to the Chief Shepherd that's why he could boldly declare the 23rd Psalms. Ps.23: 1. The LORD is my shepherd; I shall not want. : 2. He maketh me to lie down in green pastures: he leadeth me beside the still waters. : 3. He restoreth my soul: he leadeth me in the paths of righteousness for his name's sake. : 4. Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me. : 5. Thou preparest a table before me in the presence of mine enemies: thou anointest my head with oil; my cup runneth over. : 6. Surely goodness and mercy shall follow me all the days of my life: and I will dwell in the house of the LORD for ever. In reminiscing of his Shepherd's goodness and His ability to provide for His sheepfold despite any kind of situation or condition the world would ever faced; here's what David went on to say. Watch this Ps.37: 25. I have been young, and now am old; yet have I not seen the righteous forsaken, nor his seed begging bread. My brothers and sisters, you have a choice; 1) you can remain in the same religious condition of lack and want. Or 2) you can flip the scrip on the spirit of religion and the tradition of men, and properly connect yourselves to the Chief / Good Shepherd who will lead you down the path of righteousness for His name's sake. Yes, I agree with you; that things might be a little tough / a little rough right now; but you've got to pull yourself together and declare as David did. Remember Psalms.23: 4. Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me. Here's a very important key to hold onto as you're being led to your green pasture by the Chief Shepherd You can't take the hatred of your enemies along; I discovered that it's best to thank God for your enemies, because it's your enemies who have helped to qualify you, to sit your anointed self at the table that He, (Yahweh) has prepared for you; right in their (YOUR ENEMIES) presence. Psalms.23: 5. Thou preparest a table before me in the presence of mine enemies: thou anointest my head with oil; my cup runneth over. So, don't be distracted and overly concerned about what's going and how things look right now; just remember that it's not The President of the United States of America, The Prime Minister of the Bahamas or the Head of State of which ever country you live; none of them died on the cross for your sins. Therefore don't put your trust / hope in any man (especially religious leaders) to do for you that which only Yeshua Messiah (a.k.a. Jesus the Christ) has done and can do. Allow Him to lead you beside the still waters of life: For questions and comments contact us via E-mails: pastormallen@yahoo.com or kmfci@live.com or Ph.1-242-441-2021 Pastors Matthew & Brendalee Allen Kingdom Minded Fellowship Center Int'l.Thursday, October 21, 2010 PG23 The TribuneRELIGIONHe Leadeth Me PASTOR MATTHEW ALLEN In Jesus Name ALLISON MILLER

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PG24 Thursday, October 21, 2010OCTOBER23 marks the 62nd Anniversary of the dedication of St George's Anglican Church in the "Valley" and the clergy and members plan to celebrate the anniversary with a number of special events. "It has been our recent tradition to have the Sacrament of Confirmation administered during the time of our church's dedication celebrations," said Rev Kingsley Knowles, Rector of the parish. "This year the Sacrament of Confirmation will take place on the date of the anniversary of our dedication, Saturday, October 23, at 6pm. His Grace, Archbishop Drexel Gomez will administer the Sacrament of Confirmation to the twentythree candidates and preach the sermon." The commemoration of the dedication continues on Sunday, October 24 where both morning services will be held, low mass and sermon at 6.45am and Family Eucharist and Sunday School at 8.30am, where newly ordained Deacon, Rev'd Alvardo Adderley will preach the sermon. "Our afternoon Rite of Dedication, followed by Solemn Evensong, Sermon and Benediction will take place at 3.30 pm," said Archdeacon Knowles." "Delivering the sermon on that occasion will be former rector of the parish, Revs' Canon Basil Tynes." The final event for the dedication celebration will be a concert of sacred music sponsored by the music department featuring The Highgrove Singers on Friday, October 29 at 8pm in the church's sanctuary. "We expect that they will sing selections from their recent concert "Sing Me To Heaven" which was staged at St Andrew's Presbyterian Kirk in late August. So those persons who missed the concert have another occasion to hear that beautiful music. The choir is under the direction of Adrian Archer who, in addition to being a choral clinician in the community, is also Director of Music here at St George's. Tickets for the concert, priced at $20 may be obtained from members of the choir or at the church's office or they may be purchased at the door on the evening of the concert." The Tribune RELIGIONSacrament of Confirmation marks St. George's 62nd AnniversaryBy JEFFARAH GIBSON Tribune Features Writer THE BLAZE Da Praise concert is just one of the many exciting wholesome activities designed by the Assemblies of Brethren to reach young people in the community. The concert which is set for tomorrow night shines a light on the positive youth, and is the perfect outlet for spiritual entertainment'. It was the intent of the oragniser to direct attention on positively rather than the negative which is often highlighted. For example giving, offering thanks, and creating an environment where Christ is lifted up said Shalomi Roberts, administrative assistant at Assemblies of Brethren. The concert is organised by Vincent "VMac" McDonald and his team at Extreme Youth Entertainment along with the Assemblies, and it will be held at the Christian Life Centre on John F Kennedy Drive, west of the Bahamas Red Cross building Blaze Da Praise will also re-launch the Extreme Youth TV, a network that promotes the advancement of youth gospel artists in the Bahamas, and will be aired on the international Christian station TBN. Faces familiar to the Elevation concert will also take the stage. Featured artists performing live will include Mr Lynx, Vandera Woods, Christian Massive, Monique Knows, Reubin Heights, Manifest, Ryan Jupp, Young Soldiers for Christ, Lyrically Blessed, Collage Entertainment and V-Mac & Elevation Band. Proceeds from the concert will aid the Christian Life Centre Building Fund. "It is an auditorium that we have been building. It was built so that the Assemblies of Brethren can have united functions. Additionally the auditoriums hold different functions and rooms are available to be rented," Ms Roberts said. This area is also the site of Hope College. "Hope College is a tertiary bible college and it offers theological degrees, business degrees and many others," she said. The college will also offer degrees in children's education, allied health, as well hold college preparatory classes. "As the time progresses we will move towards adding new courses and degrees," she said. The Assemblies of Brethren is looking to open Hope College sometime next year. The Assemblies of Brethren have begun a series of outreach programmes focusing on activities for the community. The activities are non-denominational and will involve participants from various Christian sectors. The activities began with a movie night. And on November 19 they will host a liturgical dance workshop a Christmas party and movie night in December. Members of the public are encouraged to come out and support the event as "it promotes wholesome spiritual entertainment." Music will be provided by DJ Godson. For more information contact 322-4655 432-6142 or 326-HOPE.Blaze Da Praise CONFIRMATION CANDIDATES19 candidates who will be confirmed at the 62nd anniversary of St. George's Anglican church. Cameron WallaceChante ButlerCharleen KerneyCharles Butler Christian MillerCorrine AdderleyDwight WheatleyKechelle RobinsonKennedy Conyers Kennedy TynesKhalidd SmithLavaaughnya RolleMark BurrowsMikarah Mikula Santino SmithShaquille ThompsonTroianna CarterWhitney CashYokito Pinder

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By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net P rimed for the most star-studded bout of his career thus far, the Bahamas leading professional fighter will be forced to wait weeks later than anticipated before he fights for a major heavyweight title. Sherman The Tank Williams was originally scheduled to face Evander The Real Deal Holyfield in a 12round bout on November 5 for the World Boxing Federation's heavyweight title in Detroit, Michigan. However, the fight has been rescheduled to a date in early Decem ber. The specific date of the fight will be announced in the near future. A disappointed Williams speculated on the reason for the delay from the Holyfield camp. Well it is boxing so there is a lot of talk, and a lot of rumours going around but no concrete reason has been giv en for the delay. I know that he was looking beyond me and looking forward to a fightw ith one of the Klitschko brothers. As November draws clos er, I think his camp realizes that they signed up for a real fight and Holyfield has his hands full. They said they hads ome issues in their training c amp and there was also some issues with FoxSports.Net, the television station that is sup posed to be hosting the fight, he said. But what I heard from good sources is that he just started training for the fight last week, so perhaps it is just a matter of his camp being ill-prepared and trying to play mind games. The 38-year-old Williams, who came from humble beginnings in Grand Bahama where fighting at Hawksbill High was his introduction to the sport, is nine years younger than his 47-year-old legendary rival. W illiams told a gathering o f sporting dignitaries last month that he intends to stop Holyfield in the seventh round. For the delay to come at this point is a bit disappoint ing. We have been going hard at it in training camp for five weeks now and right now Im almost peaking in preparation for a fight that was supposed to be held in just a few weeks, Williams said. Now I am forced to extend my training three to four weeks and risk over training. T he 5 Williams has c ompiled a 34-11 record with 19 knockouts. He is coming off a loss on points to Manuel Charr on October 10, 2009, in Stadthalle, Rostock, Mecklenburg-Vorpommern, Ger many. Prior to that, Williams was riding a nine-win streak with his last decision coming on December 12, 2008, when he won on points over Andrew Greeley at the Bourbon Street Station in Jacksonville, Florida. In Holyfield, Williams will b e facing a 6-2 1/2 American w ho has a 43-10 record with 28 KOs. Holyfield, 47, will be defending his WBF title that he won with an eight round TKO over Francois Botha at the Thomas & Mack Center in Las Vegas, Nevada, on April 10. Holyfield, the former undisputed world champion, has had victories over Michael Dokes, Alex Stewart, James Buster Douglas, George Foreman, Larry Holmes, Rid dick Bowe and Mike Tyson. Despite the setback, Williams said his focus and determination has not wavered and he will be ready when the fight takes place in December. The game plan has not changed. Right now, I am in top shape. I have been working on the things we need to do to attack Holyfield like left hooks, counters and body shots, he said. At 47, we do not feel as if he can take the body shots he took 10 years ago so it is something we look to capitalize on. Despite it all, I still look to lift the WBF Heavyweight Championship away from Holyfield and bring it back to the Bahamas. C M Y K C M Y K THURSDAY, OCTOBER 21ST, 2010 THETRIBUNE PAGE 16 P AGES 17 & 18 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE 11th Annual Austin King Snake Knowles Soft ball Tournament for senior boys and girls will be hosted by the Bahamas Softball Federation (BSF And its free. BSF president Burket Dorsett said the tourney is one of the federations landmark events, and holds true to its motto. This is one of the most important events on the calendar and is the true display of our progression and depiction of the motto The Way Forward, he said. The continued growth of this tournament is directly related to the growth of the game locally and its ability to represent the country internationally so we continue our great expectations for this event. The tournament, to be staged at the Blue Hill Sport ing Complex, is set to be held during the mid-term break for public schools (October 2124) in New Providence. About 20 schools took part in last years tournament. The Family Islands fared very well as the NGM team defeated the Central Eleuthera team to win the boys championship and Spanish Wells outclassed Preston Albury for the girls crown. Kenneth Forbes of Preston Albury and David Nathan of NCA were the most valuable players among the boys and Tobias Turnquest of NGM won championship MVP. Edith Petitfere of Spanish Wells was the girls tournament MVP and Alicia Pinder, also of Spanish Wells, was the championship MVP. It is expected that high schools from both the public and private sector will put their softball skills to test in this prestigious tournament. Many senior teams that make up the various associations (fast pitch nament as their scouting ground. The BSF has appointed Leroy Thompson and Kelly Smith as tournament directors. About 175 trophies, medals and T-shirts will be presented to the participants. And computers will be awarded to the two top schools. Interested schools may con tact Leroy Thompson at Gov ernment High School (4566096) and Kelly Smith (3931231/456-2881). King Snake softball tourney starts today T T R R A A C C K K B B S S C C M M E E E E T T THE Baptist Sports Council is scheduled to hold the Rev Ellerston Smith Track and Field Classic at Thomas A Robinson Track and Field Stadium on Octo ber 30. Churches interested in participating are urged to submit their rosters to Ann Thompson at bahamastrack@hotmail.c om or Brent Stubbs at stubbobs@gmail.com or bstubbo@yahoo.com by Friday. A scratch meeting is set for 6pm Monday at the stadium. S S O O F F T T B B A A L L L L B B S S C C P P O O S S T T P P O O N N E E D D AS a result of the Bahamas Softball Federations annual Austin King Snake Knowles Invitational High School Softball Tournament at the Baillou Hills Sporting Complex this weekend, the Baptist Sports Coun cil has postponed all games set for Saturday. The BSC is expected to resume play at Baillou Hills on November 6 due to the fact that the Rev Ellerston Smiths Track and Field Classic is set for October 30 at Thomas A Robinson Track and Field Stadium. The Tank versus The Real Deal rescheduled SPORTS IN BRIEF The game plan has not changed. Right now, I am in top shape. I have been working on the things we need to do to attack Holyfield like left hooks, counters and body shots. At 47, we do not feel as if he can take the body shots he took 10 years ago so it is something we look to capitalize on. Despite it all, I still look to lift the WBF Heavyweight Championship away from Holyfield and bring it back to the Bahamas. Sherman The Tank Williams BURKET DORSETT WBF heavyweight bout in early December EVANDER HOLYFIELD READY TO RUMBLE: Sherman Williams is all set to square off with Evander Holyfield for World Boxing Federation's heavyweight title in early December. Inter, Barcelona win while Raul equals goal record... See page 18


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