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Permanent Link: http://ufdc.ufl.edu/UF00084249/01746
 Material Information
Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 12/13/2010
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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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Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
System ID: UF00084249:01746

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N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R Huge increase in gunshot victims C M Y K C M Y K V olume: 107 No.19MONDAY, DECEMBER 13, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER CLOUDY, A SHOWER HIGH 71F LOW 57F I N S I G H T SEEINSIGHTON PAGE12B S P O R T S Our Gitmo? SEESECTIONE I was a bit rusty By AVA TURNQUEST T ribune Staff Reporter aturnquest@tribunemedia.net PRELIMINARY year-end s tatistics for the National Emergency Medical Services department indicate there has been a 44 per cent increase in g unshot victims compared to the same period last year. According to Dr Alvery Han-n a, NEMS director, the reports for the January to October period indicate that trauma secondary to criminal activity is taking a major toll on the health care system. Late last night, the homic ide count climbed to 93 fol l owing the fatal shooting of a man at Augusta Street. Meanwhile on Friday night, two shootings were reported within 15 minutes of each other. Both men who were taken to hospital by N ational Emergency Medical Services (NEMS said to be in stable conditionu p to press time. Numbers taking a major toll on health car e system McCOMBO OF THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM I N S I D E SECTIONINSIDE Real Estate SEE page 13 P OLICE will be posted at various points through-o ut New Providence today t o enforce the seat belt law, which has been on the statute books since 2002. They will be checking vehicles and handing out information pamphlets. Motorists have been a dvised to take the seat b elt law seriously as police intend to enforce i t to its fullest extent. S eat belt legislation was passed and became law in 2002 under the FNM. SEAT BELT LAW COMES INTO EFFECT TODAY SEE page 14 By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net THE TWO paramedics accused of extorting tourists have returned to work with top officials citing insufficient evidence. In September, it was alleged that a two-member crew told two visitors who were injured in a traffic accident that they would have to pay up-front for treatment and transport. SEE page 13 TWO PARAMEDICS ACCUSED OF EXTORTING TOURISTS BACK AT WORK THE government has shortchanged the Bahamian public in the proposed sale of a majority stake in the Bahamas Telecom munications Corporation (BTC Christie said yesterday, noting that his administration had always intended for the Bahamian peo ple to retain ownership of the company. Mr Christie who appeared as a guest on the talkshow Parliament Street, on Island 102.9 said, We actually engaged in a By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net BAHAMAS Communications and Public Officers Union president Bernard Evans says the unions are not backing down in their fight against the proposed sale of a majority stake in the Bahamas Telecommunications Com pany (BTC Mr Evans said that union executives have been encouraged by the overwhelming pub lic support. Several major unions in the country are also standing with the BCPOU in support of BTC workers. The unions represent ing BTC workers are objecting to the governments plan to sell 51 per cent of the company to Cable and Wireless Communications (C&WC sell 51 per cent of BTC to C&W for $210 By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net BTC'S union heads acted "prematurely" and didn't go through the proper legal channels before staging two days of industrial action which could create "anarchy" in our society, said former trade unionist Leo Douglas. The union executives may also face lawsuits over revenue lost during two days of employee protest, speculated the former secretary general of the Bahamas Hotel Catering and Allied Workers FORMER TRADE UNIONIST HIT S OUT AT PREMATURE BTC INDUS TRIAL ACTION SEE page 15 Christie:government has shortchanged public over proposed BTC sale SEE page 14 PERRYCHRISTIE Unions are not backing down over BTC sale SEE page 14 THE unprecedented homicide rate broke a new record last night when a man was gunned down in Augusta Street, near Tucker Corner in front of a convenience store just before 7pm. Multiple gunshot wounds claimed the life of the countrys 93rd murder victim who was pronounced dead at the scene of the shooting on the residential street. Police had not identified the man before The Tribune went to press, however anyone with any information that could assist investigations should call police as a matter of urgency on 911 919 or call Crime Stoppers anonymously on 328-TIPS (8477 MAN SHOT DEAD IN YEARS 93RD MURDER T IMCLARKE/TRIBUNESTAFF MORE BTCNEWS:CONSTITUENCY POLL SHOWS MANY SUPPORT PROPOSED BTC SALE CABLE AND WIRELESS WINS AWARD PAGETHREE POLICE and residents gather at the scene (above (left

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By MEGAN REYNOLDS T ribune Staff Reporter mreynolds@tribunemedia.net A GRIEVING mother and her daughter were forcedo ut of their home yesterday m orning when their landlords removed the doors to their rooms after already removing the front and back doors. Theresa Gibson, whose partner of 18 years and father o f her daughter, Elezier Regn ier died in February, has been unable to pay the rent at her two-bedroom home in Faith Avenue since she moved in on August 28 and paid for two months accommodation. W hen she was unable to pay her rent at the end of October, Ms Gibson said her landlords sent someone overt o remove the front and back d oors while her daughter was at home. Locks M other and daughter spent two nights sleeping in her Nissan Skyline parked at thep olice Criminal Detective U nit before returning to the home with locks on the interior doors. But yesterday the doors to her and her daughters bedrooms and the bathroomw ere also removed, forcing the family of two out of their home. Last night she and her daughter Renee Regnier, 17, out of desperation sought r efuge at her sisters house, b ut Ms Gibson said there is really no room for them to stay there. T he freelance legal assistant has struggled to find work in recent months, and her financial situation took am assive hit when her partner died suddenly of a heart attack. But the start of their financ ial woes began when Mr R egnier, a lawyer and outs poken human rights activist, was charged in connection with a stealing ring in July last year. Ms Gibson said police s eized several of her own valuables as well as her partners belongings in the arrest. When Ms Gibson was unable to pay her rent in October she appealed to social services for help, anda lthough government offic ials were willing to assist, she said her landlord refused to provide the documentation she needed to prove she had not been able to pay the r ent. Police H er landlords then removed the doors and Ms G ibson went to police for h elp. But she said officers at the Carmichael Road Police D ivision were unwilling to h elp as they said it was a civil matter and they could not g et involved. Ms Gibson has since been summoned to appear in court on January 18 to respond to claims of unpaid r ent filed by her landlords, and until then she and her daughter are homeless forC hristmas. She said: Its awful, especially for my daughter. Her father just died seven m onths ago and we are tryi ng to pull ourselves together; you would think someo ne would have some compassion. We need a place to stay b ut with no funds we have to depend on social services. The landlords didnt want t o help, they just want me out of here. They should not have come in and removed thed oors without permission from the courts, but the police tell me theres nothi ng they can do about it, which is awful because I feel there is no one to protectm e. There should be laws to protect me, but the police are not enforcing the law. And I have been trying to look for somewhere else to live but because I dont h ave any money, no one will h ave me. C M Y K C M Y K LOCAL NEWS PAGE 2, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Mother and daughter homeless for Christmas Landlords remove doors after woman unable to pay rent

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A RECENT poll taken in the Killarney constituency shows that there are many Bahamians who support the g overnments intention to sell a 51 per cent stake in The Bahamas Telecommunications Company to the British t elecommunication company Cable and Wireless Communications (C&WC A recent poll conducted on Voices Killarney, an online news letter from the constituency office of Dr Hubert Minnis revealed that 67 people who participated in thep oll supported the BTC deal w hile 50 persons opposed the d eal. The poll, which was conducted on December 10 and 11, also revealed that six persons who participated in the poll were undecided. A mong those who supporte d the sale one person comm ented, I think the sale is an excellent idea. C&W are in the Caribbean Islands. Although we are considered ahead of them economically their telephone technology is far ahead of us. Anotherp osted, The union just needs to get over it. It is ludicroust hat a union dictates who the g overnment sells any corporation to. The government is elected by the people to conduct work on behalf of the people so I believe that everyg overnment would make d ecisions that are in the best i nterest of the country. Those people at Batelco are lazy and are afraid of privatization. Another person in support of the sale commented, Thes ale of Batelco is long overd ue. We are paying far too m uch for out dated systems and service that is not customer-oriented. I have been trying to find out for over one year how my land line was turned over in the name of my tenant and they were C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 3 pc Queen Post Bed 3 pc Queen Post Bed 1 pc Dresser 1 pc Dresser 1 pc Mirror 1 pc Mirror 2 pc Nightstands 2 pc Nightstands 1 pc 5 Drawer Chest 1 pc 5 Drawer Chest Queen 8 Pc Queen 8 Pc $3,950 $3,950 King 8 Pc Set King 8 Pc Set $4,150 $4,150Solid Wood Solid WoodT T h h e e T T h h e e J J a a v v a a G G a a l l l l e e r r y y J J a a v v a a G G a a l l l l e e r r y yWongs Plaza Wongs Plaza Madeira Street Madeira Street (242 (242 2335 2335Financing Available Through Commonwealth Bank I I r r i i s s h h C C o o u u n n t t r r y y s s i i d d e e I I r r i i s s h h C C o o u u n n t t r r y y s s i i d d e e By MEGAN REYNOLDS T ribune Staff Reporter m reynolds@tribunemedia.net TELECOMMUNICATIONS giant Cable and Wireless has won an award f or providing a great environment in the workplace at i ts operations in Panama as Bahamas Telecommunications Company (BTC employees protested over their impending privatisationo f BTC. Cable and Wireless will take 51 per cent ownership of BTC in January, sparking protest from staff who took strike action on Wednesdayand Thursday with representation from the Bahamas Communications and PublicO fficers Union (BCPOU a nd the Bahamas Communications and Public Managerial Union (BCPMU a nd the support of most, if not all, unions in the country. C able and Wireless C aribbean, rebranded as LIME, has extended an open invitation to meet with the unions. T he company maintains privatisation can be a succ ess and cited its 1997 takeover of governmentowned telecommunications operations in Panama as an example of this. G allup Research selecte d Cable and Wireless Panam a (CWP o ne million work force groups in 150 countries to w in the The Great Workplace Award, and be oneo f just two Latin American c ountries singled out for the p rize. Secretary of CWPs staff union Denia de Powell said: The Cable & Wireless Panama Union maintains a very positive, constructivea nd vigilant relationship with t he company; working together to achieve common objectives and continue top osition it as the leader in P anama. We work on a scheme of open communication and transparent company-union relationship where we venti late our plans, objectives and g oals. We have also concluded the signature of a collec tive bargaining agreement ina friendly environment, where our employees and the company succeeded in framing the benefits and responsibilities with satis-f actory results for both parties. Our workforce is com mitted to the present and the future of CWP always giving the extra mile to ensure that as shareholders of the company, we can achieve the best results because of our hard work and daily commitment. The success of CWP has also been recognised by Central American business magazine Estrategia and Negocios, who ranked it the best company to work for inthe region, and market research companys Dichter and Neira, and Globescan, named CWP one of Pana mas leading companies for corporate social responsibility initiatives. CWP also claims to have contributed more than Constituency poll shows many support proposed BTC sale CABLE AND WIRELESS WINS AWARD SEE page six THERoyal Bahamas Defence Force made separate presentations to two charitable organisations as a part of its year long list of activities commemorating its 30th anniversary of official establishment. At 10 am on Friday National Security Minister Tommy Turnquest made a donation to the Yellow Elder Senior Citizens Centre in Yellow Elder Gardens. At 1pm on the same day another brief ceremony was held at the Ranfurly Homes for Children, Mackey Street, to make another donation. DEFENCEFORCEMAKESDONATIONS L EADING WOMAN T hora Gardener helps a senior citizen unwrap gifts. SEE page six

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EDITOR, The Tribune. I SHOULD be grateful if you would permit me tor espond to an article that was w ritten by Mr Pierre Dupuch and published in your paper last week (Dec. 2, 2010 Firstly, I was not surprised at the attempt by Mr Dupucht o seek to discredit me when I challenged him to speak the truth about the dredging thath e alleged was taking place i n the Exuma Cays and the E xuma Land and Sea Park. I was somewhat disapp ointed though, that the best response he could muster was to revert to heaping ill-nameso n me and calling me rude a nd arrogant. It is remarkable that even in the face of incontrovertible evidence Mr Dupuch would choose to ignore the facts and continue on his mission ofm isinformation about activities in the Land and Sea Park. Mr Dupuch said he thought I called the show to prove someone wrong. It was certainly not my i ntention to prove anyone w rong. But perhaps I did. Indeed I stated at the outset of the telephone conservationt hat the programme host and guest on the show (Mr Dupuch) had a responsibility and an obligation to speak thet ruth about what was happening in the Exuma Land and Sea Park. I indicated to t he host and his guest that they were misleading the public when they stated that dredging was going on at Bell I sland in the Exuma Land and Sea Park. Coincidentally, last Satur day, Mr Wendell Jones and the Jones Communications team confirmed that my state m ent about the project was true, as no dredging had taken place either in the park or on the Island owned by the AgaK han. I stated during the conver sation that neither the gove rnment nor I supported the construction of commercial marinas in the park. B ut, I indicated that I did not have any problem supporting the creation of safe harbours for the private y achts of the owners of privately owned Cays in the Exuma Land and Sea Park. I confirmed that my views on development in the Park were different from those individuals who believed that the Park should be a no build zone, consequently opposing all forms of development in the area. I expressed the view that development in the Park was indeed necessary. But, I also expressed the view that any form of development had to be carefully considered, well planned, and properly managed. At no time during my conversation with Mr McKinney and Mr Dupuch did I question their reasons or objec tions to dredging or development in the National Park. However, I did say to MrM cKinney that the photographs he claimed to have in his possession that would indicate active dredging on Bell Island, were either from a different island, old pho t ographs or fraudulent photographs. Consequently, I advised both Mr McKinneya nd Mr Dupuch to discontinue advancing false information as it was negativelyi mpacting the lives of resid ents of Exuma, especially those in the Exuma Cays. When I called the talk show, I also made the point that dredging was not a new phenomenon in the ExumaC ays and the Exuma Land and Sea Park. In fact, I made the point that nearly every single island in the Exuma Cays has been dredged, including Cambridge Cay, the p resent headquarters for the N ational Land and Sea Park. In almost every case, dredging in the cays was necessary toc reate safe harbours, either f or the owners of the Cays or for the creation of commer c ial marinas outside the National Park. (The Cays include: Allens Cay, Norman Cay, Wax Cay, Soldiers Cay,I ndigo Island, Cambridge Cay, Bell Island, and Compass Cay, etc). While speaking to Mr M cKinney, I advised that he should seek to give a balanced v iew of Mr Hubert Ingra h ams record with regards to the protection of the environment and the National Park.I ndeed, I reminded the host that it was the Ingrahams administration that was responsible for placing the D efence Force within the Park to enhance protection of the resources of the Park.T his action by the Prime Minister was not without serious political cost as members oft he PLP sought to gain polit ical mileage by saying all manner of things about the enforcement of regulations in t he Park. But, The Prime Minister remained focused. The people of the Exuma Cays and The Bahamas, especially those in the fishing industry, have expressed support (gratitude focused determination of the FNM Government to protect and preserve our heritage. Moreover, many of the young men in the Cays, despite their initial opposition, have now taken the opportunity to venture into different skills-sets, including, guiding, boat rental, carpentry and masonry. They now support the general mis sion of the National Park and have made it their duty to protect and preserve the envi ronment. It is now very obvious to me that Mr Dupuch was up to mischief once again. His suggestion that I am an advi-s or to the Prime Minister in t his context is but another example of this mischief. I would like to remind Mr Dupuch of facts that he should be aware of. TheP rime Minister is advised by the Best Commission, the Department of Physical Plan-n ing and other relevant gove rnment agencies on matters o f developments that may require excavation or dredgi ng. Mr Dupuch should also be aware that the Public Servants who provide advice ont hese matters do so profess ionally regardless to which political party is in power or which political party they support. When I called the talk show, I also took the oppor t unity to caution Mr Dupuch that his newly found position on dredging is not supported by his previous actions on this matter. I reminded him that dredging was approved in the C ays and in the Park when he w as a Cabinet Minister. I can only assume that he support ed it then because he did not o bject to it nor did he resign from the Cabinet. I concluded my comments by stating the following: ( 1) I do not support dredging in the Exuma National Land and Sea Park for com m ercial reasons, but I do sup port some form of dredging when necessary. (2 i n the Exuma Cays, including the National Park to provide safe harbours must be thor oughly planned and carefully managed so as to minimise any potential lasting damaget o the environment. (3 sionals who reviewed the application and the relatede nvironmental impact assess ment and who provided advise to the Government. ( 4) I support carefully planned but limited develop ment on Island in the Exuma C ays including Cays in the National Land and Sea Park. (5 that developers should seek t o employ unemployed persons from the surrounding Cays so as to show good faith to potential workers in the area. It is my hope that Mr Dupuch or anyone else not continues to use this issue as an opportunity to politicise this approval to gain political points to the peril of the good people of the Exuma Cays. I hope that I have clearly stated my position on devel opment in the island of my birth, and the islands that I enjoy at every opportunity. I would be grateful, if this letter could be published in your newspaper. BRENSIL ROLLE Nassau, December 7, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, MONDAY, DECEMBER 13, 2010 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., ( Hon.) LL.D., D.Litt P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama UNION LEADERS, who initially agreed to meet with the proposed new owners of BTC and said so in writing now maintain that the injection of outside capital and expertise are not needed to bring down telecommunication rates for customers. The government, they say, can do that at any time, because they own BTC, the former BaTelCo. M r David Shaw, top Cable & Wireless executive, who flew to Nassau especially to meet with the union, the Opposition party and members of the press, revealed that, among other things, Bahamians were paying 20 to 30 per cent more for cellular services than they should be. BCPMU president William Carrolls reply to that was that it would only take a t elephone call or an e-mail from Prime Minister Ingraham to reduce cellular phone rates by 50 per cent. We dont need a foreign company to reduce rates, he said. That statement was as dumb as the amusing spoof e-mailed to me this week about Sarah Palin, the former governor of Alaska who claimed she was up on foreign affairs because from Alaska she could see Russia a cross the Bering Strait. In this spoof a photo of an animated Palin, telephone in one hand, pen in the other, is shown followed by this exchange: Hi. This is Sarah Palin. Is Senator Lieberman in? No, governor. This is Yom Kippur. Well, hello, Yom. Can I leave a mes sage? F or those of our readers not up on their Jewish high holy days, Yom Kippur the Day of Atonement is the holiest day ofthe year for the Jewish people. And so Senator Joe Lieberman, the US senator for Connecticut, being a Jew, would not have been in office on that day. As for union leader Carroll to say that all it takes would be a stroke of the Prime Min i sters pen to reduce BTC rates, shows how equally dumb he is about managing a business. Other than collecting his own pay cheque, he has obviously not had to find payroll for a staff of more than 1,000 employees. He does not understand that before the Prime Minister can take up a pen to slash rates, he would have to cut staff so that BTC could earn enough revenue to pay remaining staff and operate at a profit. The Prime Minister would have to find a hefty injection of cash from somewhere to make BTC com petitive, because the day it loses its monop oly on cellular and fixed line services, that is the day BTC closes unless it has a strong international partner to make it competitive. The union maintains that it was kept in the dark on the Memorandum of Understand ing, and various other details of the proposed sale to Cable & Wireless. The government maintains that the public is not getting the whole truth. When the FNM took over the government, it met an unsigned agreement between the PLP government and Bluewater, which was said at the time 2006 was a bid vehicle especially created to buy into and privatise BTC. It was speculated that it was likely backed by private equity financing. Among its principals was a former chairman and CEO of Warner Music group, and f ormer financial officer of NTL, a UK based cable operator. Bluewater, which was to get 49 per cent of BTC, had no track record. Its principals obviously did not have the money to pay cash on completion of the deal. They were given six years to pay on instalments obviously out of what they hoped to make from BTC. And for those six years it was to have a monopoly on cellular s ervice. Bluewater, in an attempt to lock the PLP government into the deal, wanted an agreement that should the PLP renege on its agreement, Bluewater would be paid $5 million. It is understood that the privatisation committee made up of then Minister Bradley Roberts, James Smith, minister of state for finance, and Dr Marcus Bethel, agreed the proposal. However, the Christie cabinet t urned it down. On April 24, 2007 a week before election the committee submitted its report, which was approved, but not signed by the Christie government. The union had no objection to that deal, which was to sell 49 per cent to Bluewater, giving them full management control with four Bluewater representatives and three government members on the board. Thisg overnments sale to Cable & Wireless is for 51 per cent. The results are the same the 51 per cent gives them full management control with four of their members on the board and three from government. However, there is a difference between the two agreements in the present agreement with Cable & Wireless there are sev e ral things that it cannot do without gov ernments consent, one of them being laying off Bahamian staff. The union claims that it was not aware of the Memorandum of Understanding with Cable & Wireless. We understand that gov ernment did not send it to the committee, instead the Prime Minister personally sat down with the union and discussed it with its executive. Union members argued that it did not want Cable & Wireless as their partner. However, they agreed verbally and in writing to meet with Mr Shaw, CEO of Cable & Wireless, who was flying in espe cially to meet with them. Mr Shaw arrived, the table for the meeting with refreshments was ready when a message arrived that the union would not be there. Whoever the unions behind-the-scenes handlers now are and what we hear, if true, does not bode well for the union we suggest that in their own best interest and that of their membership, they sit down and talk with BTCs new owners. Response to article by Mr Dupuch LETTERS l etters@tribunemedia.net BTC union getting poor advice in BTC sale

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By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net PROGRESSIVE Liberal Party leader Perry Christie yesterday clarified his intentions a s to whether he will serve a full term in office if re-elected as Prime Minister. Mr Christie, who appeared as a guest on the Island 102.9 talk show Parliament Street said, I was trying to communicate in fact that at the end of the term we should be in a p lace to signal to the Bahamian people what I mean by orderly succession. When it was said that I would leave mid-term or when it was said that I said I would leave mid-term that perhaps was a mischaracterization or a misstatement on my part. I know that people will vote f or you because of what they think you can do for them and for me to hold out the probability that I would leave midterm would not be fair to the people who would vote for me; to present those programmes and policies that we will present during our next cam paign. I t was reported last month that Mr Christie had confirmed that he would not serve out his full term in office if re-elected but hand over the countrys leadership to a successor. Mr Christie told members of the press that he was confident that the PLP would have a secure f uture when he demits office in light of what he cited as depth at the leadership position. Prime Minister Hubert Ingraham has stated that he intends to lead the Free National Movement into the next general elections and that when it's time for me to go I will go and the party will select my replacement. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Christie clarifies intentions if re-elected By MEGAN REYNOLDS Tribune Staff Reporter mreynolds@tribunemedia.net ARMED robbers stormed three businesses on Saturday stealing cash and sparking police investigations. Keiths Chicken Shack in Fleming Street was robbed by a masked man armed with a high-powered weapon at around 2.15am on Saturday, police said. The man, dressed in blue jeans and a white T-shirt, with a scarf tied around his face, stole an undetermined amount of cash from the restaurant before running off in an easterly direction. That evening an armed robber held up staff at the VIP Chinese Express Restaurant in East Street and Cordeaux Avenue. The robber wearing a white tam, plaid shirt and blue jeans was armed with a handgun when he burst into the restau rant and demanded cash at around 6.30pm. He stole an undetermined amount of cash before getting away on foot. Just over an hour later two masked gunmen robbed D and C Convenience Store in Fire Trail West. Police said they burst into the store armed with a shot gun at around 7.45pm, stole an undisclosed amount of cash before getting away on foot. Police are seeking informa tion to assist investigations into all three armed robberies and continue to search for two rob bers, one who were masked and armed with a handgun, who held up a couple outside a home in Allen Drive, off Carmichael Road on Thursday night. The robbers stole the womans handbag, watch, cellular phone and other personal items, and they took the mans cellular phone and cash before they ran off at around 8.40pm on Thursday. In other crime news, police have reported the arrests of two men on firearms possession charges. Officers in the mobile division seized two handguns and ammunition when they searched a man in Augusta Street at around 8.30am on Saturday. A 28-year-old man of Quarry Mission Road was arrested in connection with the find. Police in the Special Intelligence Branch recovered a handgun and ammunition when they searched a man in Potters Cay just before 11pm on Saturday. A 35-year-old man of Dorsette Street, Fox Hill, was taken into custody in connection with the find. A rifle and ammunition were recovered by police officers in the southeastern division when they searched an abandoned b uilding in Nassau Village on Thursday. Police said the officers had received a tip about the twostorey building in Sumner Street prompting them to search it just before 3pm on Thursday. No one has been arrested in c onnection with the find and police are appealing for infor mation. Any information that may assist investigations into any of the crimes reported this weekend should call police as a mat ter of urgency on 911 919 or call Crime Stoppers anony mously on 328-TIPS ( 8477 ). OPPOSITIONLEADER Perry Christie ARMED ROBBERS HIT BUSINESSES

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C M Y K C M Y K INTERNATIONAL NEWS PAGE 6, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM allowed to transfer my phone line when they gave up the lease on my property. Theyh ave also not been able to sati sfy me with what has happened to my security deposit. The prices are too high, the service is poor and I think we need to up grade. Among those who opposed t he decision one person comm ented, I agree that staff numbers need to be reduced and employees simply more efficient to cut operation costs. However, if it must be sold, it should be sold to Bahamians with the capitala nd vision to further advance the company with the latest technologies available in phone and Internet services. Another stated, Batelcob elongs to the people of the Bahamas and should not be sold. Bahamians should own and run Batelco. I feel that it was a very bad decision because they sold such a great portion of the company fors uch little money BTC makes a lot of money just in one year. In two years time BTC would have already made over that amount so it really made no sense selling for so little, another person commented. Among those who were undecided, one stated, Notwithstanding that thes ale is inevitable and probably necessary. I'm curious to know what criteria was laid out to qualify as a purchaser. Does C&W meet the criteria, if they do and other companies also did, what were thet rack records of the other c ompanies when compared to C&W? Why must we sell 51 per cent as opposed to 49 per cent. Why not consider a group of Bahamians as opposed to foreigners? $4,660 million to Panamas economy since privatising the state-owned telecommunications company INTEL in May 1997, and plans as imilar privatisation process for BTC next year. A statement released by CWP yesterday maintains: CWPs business has been on aj ourney from being a state-owned monopoly ( like BTC) to what is now a competitive, customer-focused, but socially-conscious organisation, that has been ranked by surveys one of the most admired company in Panama. When reviewing its corporate actions, C WP is proud to be among the largest corpor ate contributors to Panamas education, s ports, culture, poverty. CWP is also strongly committed to supp orting the individual development of its employees. CWPs greatest assets are its peop le and the company is committed to providing excellent working conditions. A BABY was pronounced dead at the Prince Margaret Hospital thisw eekend after police were called for help. The infant was reported as being unresponsive at around 10.30am on Saturday and taken to hospital by Emergency Medical Services. The infant was pronounced dead at the hospital. Police are investigating the death. FREEPORT The man discovered floating in a Lucaya canal has been identified as 59-year-old Antonio Spiderman Fernandez. Fernandezs body was found shortly after 9am on Thursday at the rear of the Bell Channel Hotel. There was no visible trauma to the body. Police are awaiting the reports of an autopsy to determine the cause of death. Police investigation after baby dies MAN FOUND FLOATING IN LUCAYA CANAL IDENTIFIED Constituency poll shows many support proposed BTC sale FROM page three F ROM page three Cable and Wireless wins award S ENATOR DION FOULKES Minister of Labour & Social Development and the Mayaguana FNM Associa tion hosted a Christmas Party for children of Mayaguana on Saturday at the High School in Abrahams Bay. Senator Foulkes is pictured with (L to R B ethel, Kofe Bethel and Thomia Charlton. CHILDRENSCHRISTMASPARTY

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EMPLOYEES at one of t he largest self-service l aundromat chains, which s uffered a spate of armed robberies last month, attended a two-day crime prevention seminar to prot ect against armed robb eries and fraud. The police seminar lect ured 48 SuperWash e mployees, along with p resident Dionisio D'Aguilar, under the theme HINTS HavingI nformation Needed to Target Suspects. Superintendent Wayne Miller of the Central Division explained the seminar was part of a new initiative that sought to targ et repeat victims in the b usiness sector and implem ent crime prevention p artnerships. M r Miller said: Im h appy that we were able to specifically target this group of individuals, mostof whom would have already witnessed armed robberies first hand. It was good to be able t o meet with them, hold their hands and to partner with them in this regard.V ictory can only be had through a team effort, the c ommunity and police partnership, and thats what we want to get outt here. We need the help of everybody. Hosted at the Police Training College onW ednesday and Thursday, S uperWash employees also received information on providing information for a criminal sketch. Last month the laundromat chain suffered five armed robberies in a 10-d ay period the Nassau Street location was held-up three times, while the Blue Hill Road and Robinson Road/Minnie Street premises were each attacked once. During an interview with Tribune Business, Mr D'Aguilar former presid ent of the Bahamas Chamber of Commerce highlighted the need for strategies that would reduce the volume of cash businesses in the Bahamas, which he felt would signifi cantly reduce violent c rime. P resenter Chrislyn Skippings, police pressl iaison, said: It was a g ood turn out, a group of enthusiastic young people who were grateful for the knowledge and also empowered by the information. Individual seminars like t he one held last week, are e xpected to continue with t he police targeting groupings that have been fre-q uent repeat victims. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM %4+2674'*17)*6 Crime prevention seminar held for staff of robbery-hit chain S EMINAR: P resenter Sgt Chrislyn Skippings speaks to those in a ttendance. A TEENAGER was killed in Exuma on Friday when the truck he was driving overturned on the Queens Highway in George Town at about 3.15am. Traffic police went from Nassau to Great Exuma on Friday to assist investigations into the crash. Meanwhile Family Island police in Ragged Island continue to search for three men who disap peared at sea on Tuesday night and the diver who was lost while looking for them. Police said the 43ft fiberglass hull fishing ves sel with three men on board started taking on water near Raccoon Cay, 21 miles northwest of Ragged Island between 7pm and 8pm on Tuesday. A search was launched by the Ragged Island Search and Rescue Team with police and local fish ermen. And a 40-year-old man disappeared when he went overboard to search for the missing boaters under water. Anyone with any infor mation that may assist the search effort should contact police as a matter of urgency on 911, 919 or call Crime Stoppers anonymously at 328-TIPS TEEN KILLED AFTER TR UCK OVERTURNS E vent held under theme:HINTS H aving Information Needed to Target Suspects

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B y SIR RONALD S ANDERS (The writer is a Consultant and former Caribbean diplomat) O N December 2, the gove rnment of the Peoples Republic of China posted on its Foreign Ministrys website a response to a comm entary I had written entitled, Chinese take-away? The fact that the governm ent felt it necessary to post its response on its official website is indicative of the sensitivity to the issues that were raised in the commentary. Among the issues was the n eed for a treaty to be negot iated that would set out the relationship between C aribbean Community and Common Market (CARICOM) countries and China on a long term and predictable basis with regard to a id, trade and investment. I t was envisaged that the t reaty would deal with issues s uch as the paramountcy of local laws in relation to the use of labour and industrialr elations among other things. I n its response, the Chinese government said that it agreed with me in the necessity of China and the CARICOM countries deepening their ties of friendshipa nd cooperation via a longt erm and comprehensive framework treaty or the like. Therefore, there is clearly an appetite in the government of China for a bindingt reaty, and one which C aribbean governments would do well to advance while the interest remains. In an earlier commentary than the one to which the C hinese government specifically responded, I had floate d the notion that such a t reaty could be structured along the lines of the original aid, trade and investment agreements (Lom and Cotonou) that were negotia ted with the European U nion (EU 7 9 African, Caribbean and Pacific (ACP Given that China is now v ery active in all three ACP regions and that many coun-t ries in each of them are b eing exercised over how b est to manage the China relationship, it may indeed be appropriate for the ACPt o negotiate the overall t reaty that would govern the relationship with China. Separate protocols to the overarching treaty could cater for the specific circumstances of smaller nations. T he urgency of attending t o Chinas relationship with developing countries and particularly small island states is highlighted in a recent report by the InterAmerican DevelopmentB ank entitled: Ten years a fter take-off: Taking stock of the China-Latin America and the Caribbean Economic Relations. More about the economic relations b etween Latin America and China than the economic r elations between China and t he Caribbean, the report shows that trade between China and Latin America in the period 2000-2008, grew at a breakneck annual rate o f 31 percent, and even duri ng the financial crisis in 2009 t he dynamism remained unabated. As the report states: Hidd en behind the impressive bilateral trade figures of thel ast decade, there is a heavil y skewed distribution of b enefits. As of 2008, approximately 90 per cent of LACs e xports to China were com ing from just four countries in the Southern Cone: Brazil( 41 per cent), Chile (23.1 per c ent), Argentina (15.9 per cent) and Peru (9.3 per cent). Caribbean countries hardly featured as exporters, and their balance of trade remains heavily in Chinasf avour. The report also points out that China-LAC relationship in the last decade has s tood almost entirely on one pillar: trade. The other pillars of a sust ainable process of trade and integrationbilateral investment and cooperationhaveb een developing, but not at C M Y K C M Y K PAGE 8, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Revitalise the ACP for a Chinese deal WORLDVIEW

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C M Y K C M Y K T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM MERCEDES-BENZE-Class, C-Class, CLC-Class & ML-Class Tyreflex Star Motors is the Exclusive Authorized Dealer for Mercedes-Benz, Subaru and Isuzu vehicles. New &Used Cars &Trucks Sales, Parts &Service Call us at 325.4961 or visit our showroom on Wulff Rd today! Top of the Line Performance Vehicles only at Tyreflex Star Motors. TYREFLEX STAR MOTORSCall us today for your new Top of the Line Vehicle at 325.4961Wulff Road, P. O. Box N 9123, Nassau, The Bahamas Fax: 323.4667 SUBARU ForesterISUZU D-MAX Trucks the same pace, leaving room for frictions. C hinese Foreign Direct I nvestment (FDI heavily concentrated in the Southern Cone, with Brazil (41 per cent), Argentina (11 per cent), Peru (12 per cent) and Chile (2 per centa ccounting for 66 per cent o f the investment in 2003. When Venezuela is added to this group, the combined share reaches 81 per cent. The only two CARICOM c ountries, mentioned in the r eport, Guyana and Suriname received US$600,000 and US$24 million respectively over the years 20032009 in Chinese FDI. A ll this suggests that CARICOM countries are not a ggressively pursuing econ omic relations with China in a structured fashion. Each country that has diplomatic relations with China appears to be pursuing ad-hoc, begg ar-thy-neighbour policies. B ut with far fewer resources o f interest to China, CARICOM countries (except Guyana, Suriname andJ amaica which do have resources in which China hasa n interest), CARICOM n ations ought to be trying to e stablish investment and cooperation agreements with China that go beyond trade i n goods. Such a negotiation would not be easy for the CARI C OM region alone, as it w ould not be for the Pacific and certain countries in Africa, although it has to be acknowledged that several African countries have overhauled their trading regimest o make themselves far more competitive than they used to be. In this connection, the A CP Group with an existing Secretariat and experience of harmonising the needs and n egotiating strategies of its member states would be the ideal vehicle to negotiate ano verall trade, aid and investment treaty with China. The basis for doing so is a lready enshrined in the G eorgetown Agreement signed on 6 June 1975 in Guyana that formally established the ACP Group. In the preamble to the Agreement, the governmentso f the Group declared that t hey are desirous of enhancing the political identity of the ACP Group to enable them to act and speak with a single voice in all international fora and organisa-t ions, and they set out a mong their objectives strengthening the political identity of the ACP Group to enable it to act as a coherent political force in internat ional bodies and to ensure that due regard is accorded i ts specific interests and to establish contacts and relations with other States and groups of States. In a world of fierce competition in economic relat ions, and where, increasingl y, small states have to seek a lliances with others to secure the attention they urgently need, the time has come not only to strengthenc ohesion in the ACP Group i n its dealing with the EU, but also to invoke its wider mandate to bargain for its member states as a whole in other economic relations. China would be the rightp lace to start now. I n the past, Caribbean countries have been key players in the formulation of ACP ideas and strategies that have benefitted all three regions. T his could be another such o pportunity. Which CARICOM government will hoist the banner? Jamaica as the current C hairman of CARICOM or Trinidad and Tobago as the c urrent Chairman of the C ommonwealth that embraces many of the ACP countries should make bold and do so. R esponses and previous c ommentaries at: www.sirronaldsanders.com Chinese deal L L a a d d i i e e s s c c l l u u t t c c h h G G y y m m m m e e m m b b e e r r s s h h i i p p M M e e n n s s L L a a n n d d w w a a l l l l e e t t G G i i f f t t B B a a s s k k e e t t J J o o h h n n B B u u l l l l A A u u t t h h e e n n t t i i c c S S t t r r a a w w C C o o r r s s a a g g e e s s P P e e a a r r l l N N e e c c k k l l a a c c e e E E s s t t e e L L a a u u d d e e r r G G i i f f t t B B a a s s k k e e t t P P h h o o n n e e C C a a r r d d s s A A n n d d m m u u c c h h m m o o r r e e A A B B H H R R D D A A C C h h r r i i s s t t m m a a s s E E v v e e n n t t J J . W W h h i i t t n n e e y y P P i i n n d d e e r r B B u u i i l l d d i i n n g g C C o o l l l l i i n n s s A A v v e e . T T u u e e s s d d a a y y , D D e e c c e e m m b b e e r r 1 1 4 4 , 2 2 0 0 1 1 0 0 5 5 : : 3 3 0 0 p p . m m . 7 7 : : 3 3 0 0 p p . m m . RSVP: vblack@bahamaselectricity.com C ost: $20 members $25 non-members

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BAHAMIANfilmmaker Gustavius Smiths short film Contact Zone won the 2010 Bahamas International Film Festival Short Film A ward at the festival's closi ng night ceremony at the Atlantis Resorts and Casino. Mr Smith was the recipient of BIFFs Filmmaker Residency Award in 2007 for his screenplay Built forL oad. The story featured a y oung Bahamian man who runs a load of cocaine to pay for his mother's life saving operation. Since being recognised by BIFF in 2007, Mr Smith hass pent time perfecting his c raft. Long after the money w as gone I still had the conf idence I gained from winn ing the residency award. I d edicated myself to becom ing a better writer and finding my directing voice. The p roduction value, the acting a nd the script in my latest s hort demonstrates that I have what it takes to prod uce a theatrical feature at the highest level, said Mr Smith. The genius of my desire t o make films started right h ere at The Tribune, writing news about Bahamians. With my college background in theatre, the rigors of writing news stories on a daily basisr eally prepared me for this career, he said. Contact Zone, the film winning BIFFs most coveted short film prize, is the story of a janitor and curator who h ave a one night stand duri ng the opening reception at an art gallery in New YorK City. E ven though they are coworkers the curator doesn't recognize the janitor until t he following morning at work. To get him fired, she claims her purse was stolen but the janitor is also arrest e d and deported. The short film category was the most competitive at the festival with over 39 international and local films. The judges said that Cont act Zone introduces a new d ialogue about race from both sides. The film was shot in New York City with professional actors and crew with a budget of over $50,000 and sinces tarting its festival run this s ummer has received the Best Narrative Short Award at the Williamsburg International Film Festival in Brooklyn, NY, and an Honourable Mention at the Mon-t real International Film Fest ival. Contact Zone is the first s equence of a feature film S mith hopes to go into prod uction this summer entitled Heading North. He is cur rently looking for investors to fund the films million doll ar budget. T he main character in his s hort film will become one of the main co-characters in t he feature film. The cast is expected to feature local and international actors, withf ilming locations in Haiti, the B ahamas and West Palm B each. Heading North is the story of Valerie, a Haitian teenage girl, who risks her life to reunite with her moth e r. After leaving Haiti on a boat bound for Miami, Valerie finds herself on a treacherous journey stuck in a human trafficking ring in The Bahamas. It's a gripping narrative o f determination and family bonds where human traf fickers prey on the hopes of m igrants. While untold numbers of islanders perish on these hope journeys north, V alerie's story gives us a window to the world of modern day slavery and an ambitious story of survival, said M r Smith. C M Y K C M Y K LOCAL NEWS PAGE 10, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Contact Zone puts Bahamian filmmaker in the spotlight A WARD-WINNING: G ustavius Smith

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C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By DENISE MAYCOCK Tribune Freeport Reporter d maycock@tribunemedia.net F REEPORT Police in the Eight Mile Rock Division conducted its final walkabout in that settlement, distributing fly e rs with safety tips to residents and business owners in the Hanna Hill and Bartlett Hill areas. Supt Christopher Pickstock, o fficer in charge of the Eight M ile Rock Division was a ccompanied by ASP Loretta M ackey, Corporal Christina K ing, and officials from Road Traffic officials, and Urban Renewal. In view of the number of housebreakings and armed robberies on the island, Ms Mackey said it is important that persons are vigilant, especially during the Christmas holi day. She said business persons s hould make frequent deposits. Individuals should not have l arge sums of cash on them, a nd when making deposits they should not take the same r oute daily, she added. A SP Mackey said if persons suspect that they are being followed they should drive to the nearest police station for assistance or to a gas station. She said residents should take measures to secure their property, and personal items, such as jewellery, cellular p hones, laptop computers, from criminals. M s Mackey said criminals a lso target persons at stores, A TM machines, and banks. Residents should be very aware of their surroundings, s he said. POLICE CONDUCT EIGHT MILE ROCK WALKABOUT By MIKELIGHTBOURN A RESTAURANT in the east p aid 50 per cent more than fair m arket value for land adjoining i ts existing property which it needed for parking. In another transaction, a couple in an Out Island a greed to accept $50,000 less than fair market value for their modestly priced home. O nce fair market value is established on real estate, other factors such as availability and time pressure may influence the f inal sales price. The restaurant wanted additional property to use for much needed parking for p atrons. This adjacent property was the only suitable option. Thus the adjacent land held more value for the restaurant because of its location, a nd they were willing to pay the extra price. The couple accepted less than fair value for t heir home and this exemplifies the concept of time pressure. The husband was offered a promotion backi n Nassau. T hey were anxious to move to take advantage of the better offer and they needed to sell the home to buy one in Nassau. They weighed a higher selling price for their home against a fast move to the new job.T he new job won out, resulting in a lower than fair market value sale price. Keep in mind that even when the f inal sale price of real estate is high er or lower than fair market val ue, both buyer and seller may experience c omplete satisfaction with the transaction. Tip of the week: Remember. Circum s tances alter cases. (Mike Lightbourn is president of Coldwell Banker Lightbourn Realty) Real Estate:More or less!

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Dr Hanna said: As with any other EMS department delays may be experienced from time to time when all units are engaged. Our usualh igh call volume is further i ncreased by the rise in violent crime presently occurring in New Providence. The first shooting on Friday was reported at Eneas Street off Poinciana Drive. Am an was said to have received m ultiple gunshot injuries after he was approached by another man with a dreadlocks hairstyle, who was armed with a firearm. The second shooting took place at Hutchinson Street w here a man was shot in his r ight leg. The victim was a pproached by three men in a silver coloured Honda, one of whom got out of the vehicle armed with a handgun and started shooting in his direction. I n November, the police w ere said to have recovered m ore than 270 illegal weapons and more than 6,000 rounds of ammunition. Last Thursday, the fatal shooting of Charles Minns,3 4, at Farrington Road p ushed the homicide count to 9 2. The countrys former homicide record of 87 was broken late last month for the secondc onsecutive year. In face of these challenges, the department was said to be a ctively pursuing a number of i nitiatives, among them the p urchase of five new ambul ances which are expected to arrive by March of next year. Dr Hanna added: We have as an ongoing initiative to procure equipment and supplies for the department t hat will enable us to better s erve the public. The PHA is in the process of ordering additional equipment such as heart monitors, stretchers and supplies for oxygen administration. I n partnership with the M iami-based Jackson Memorial Trauma Centre, the department is also working to incorporate telemedicine by mid-2011. The technology, which will f eature camera monitoring on a mbulances, is expected to i mprove medical services available to emergency patients en route to the hospital by allowing viewing for physicians in the Accidenta nd Emergency Department. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 13 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Crawford Loss Adjusters(Now Claims Resolution Ltd.Is not going anywhere, Will not be erased or disappear. We will continue to serve. Others must learn to co-e xist or they go away, very clear on that. NOTHING IS CONSTANT BUT CHANGE. Kindly Back Off, Cease, Desist and Respect Civil Liberty. Others must know better or ought to know better.Happy New Year!Tel: 676-3591 / Fax: 676-3630Original PioneerREVOLUNTIONARY Dr Alvery Hanna, NEMS director said: The PHAs d isciplinary committee has found insufficient evidence to warrant dismissal of these staff members and they have returned to work. Meanwhile, the department plans to roll out a series of initiatives next year that they feel will decrease current challenges to care provided. In an effort to circumvent delays in customer service a nd other issues that may affect emergency response t imes, the position of Shift Supervisor will be intro duced. Dr Hanna said: The presence of shift supervisors will e nhance the monitoring of all activities of NEMS with a view to addressing any challenges that may arise, particularly those that may result in delays and those that relate to customer service. I n addition to five new vehicles, the department is a lso working to incorporate telemedicine by mid-2011 through a partnership with the Miami-based Jackson Memorial Trauma Centre. T he technology, which will feature camera monitoring on ambulances, is expected to improve medical services available to emergency patients on their way to the hos pital by allowing viewing for physicians in the Accidenta nd Emergency Department. Dr Hanna added: In our efforts to decentralize the EMS in New Providence and improve our response time to the out-lying regions of the island, we have undertak-en in association with the Nassau Airport Development company to have an ambulance dispatched from the Lynden Pindling International Airport during regular working hours. Huge increase in gunshot victims FROM page one P aramedics accused of extorting tourists return to work FROM page one

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C M Y K C M Y K LOCAL NEWS PAGE 14, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM However, when the PLP took office in 2007 an attempt was made toamend the Act to lessen the fines for offenders. The proposed amendments never became law u nder the PLP. The 2002 Act, which is the law, will now be strictly enforced. S ection 42 of the Road Traffic Act, chapter 220, provides that any person d riving a motor vehicle m ust be secured by a seat b elt and must ensure that a ny passengers in their car a re similarly secured. Children under five m ust be in child safety seats and secured in the car's back passenger seats. A ny driver of a motor vehicle who drives witho ut a seat belt or allows a passenger in such a vehicle to ride without a seat b elt commits an offence a nd is liable on summary c onviction to a fine of $300. A passenger who rides in a vehicle without a seat belt commits an offence and is liable on summaryc onviction to a fine of $ 100. A ny person found driv ing a motor vehicle at the time of breach, who permits a child to ride without a seat belt or secured in a child seat will be liable upon conviction to a fine of $500 under the A ct. T hese provisions will not apply to motorcycles, t ractors, buses and trucks, except for the driver's seat and the person sitting in the front passengers seat. p rocess, completed a process a nd agreed to sell 49 per cent for $260 million Thisg overnment has decided to s ell 51 per cent for $210 mil lion and we thought they had short changed the Bahamian public. The pre v ious PLP administration came close to a $260 million sale of 49 per cent of BTC toB luewater Ventures Limit ed. Mr Christie said that it had always been the inten t ion of his administration for t he Bahamian people to retain ownership of BTC. We were not going to put the country in a risky posi-t ion where we put Cable and Wireless as a 51 per cent shareholder and find out that that was a bad mistake and we had to get ourselves out of it and that is the problem with this decision moving forward. So from our point of view we would have been getting the benefits of privatization. We were also doing it on the basis that we were going to have a Bahamian led enterprise whose intention it was to move from the Bahamas and if possible go into Haiti, Cuba and go to the rest of the Caribbean, leaving the Bahamas as a dominant place for this particular company, Mr Christie said. Mr Christie further explained, We inherited the bidding process of the FNM government in 2002. W e allowed that to continue to an end where we rejected a price from the winning company that was recom m ended by the consultants t he FNM government had hired. They recommended that we accept $140 million, we rejected that. We were committed ourselves to pri vatization and selling 49 per cent. We then re-appointedt he privatization committee which included both unions of Batelco and headed by the financial secretary. Weh ad a number of foreign experts to advise my gov ernment. We went with a v ery transparent process. W e discussed with all the companies interested. Ultimately we were advised to negotiate with a company called Bluewater, Mr Christie said. The government agreed to pay Bluewater $1.9 mil lion to settle an arbitration claim which alleged that the current Free National Movement administration violated the proposed deal the investment company reached with the last Pro gressive Liberal Party administration to buy 49 per cent of BTC. The Ingraham administration in defense of its decision in relation to Bluewater has stated that the company was foreign entity with no experience in the telecommunications sector. SEEPAGEFIVE million plus taxes. We are not going to back up from this. We are going to do all that is necessary. The government is supposed to listen to the voice of the people, Mr Evans said. Last week during a mass r ally at the end of two days of industrial action by hundreds of B TC workers, union executives threatened to disrupt work at a ll government corporations and companies across the country if control over BTC does not remain in the hands of Bahamians. Nothing is off the table, Mr Evans said in reference to the threat. Mr Evans said union executives have not met with C&WC CEO David Shaw and do not want to do so. Mr Shaw last week denied claims that the government is selling BTC in a "fire sale," claiming that the $210 million price tag is just. This company (CWC Their track record speaks for itself. We have asked the gov ernment to show us where they have changed, Mr Evans s aid. BCPOU executives are expected to appear in court on Tuesday in relation to what the government called an illegal work stoppage. They have no grounds to stand on, said Mr Evans. No c ourt injunction is going to stop this momentum. We feel good about this, Mr Evans said. Last week, in an attempt to avert further industrial action BTC executives secured an injunct ion from the Supreme Court, forcing hundreds of disgrun tled employees back to work. Seatbelt law comes into effect today FROM page one FROM page one Unions are not backing down over BTC sale F ROM page one Christie:government has shortchanged public over proposed BTC sale

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C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 15 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Union. "Speaking from my (experience) as a trade unionist I don't think that was the right action to take, it's premature because there is no final a greement at this time (over BTC's sale)," said Mr Douglas, who stressed that he was trying to help the unions involved, not lambaste them. "The union leaders must be very careful because I have had this experience where one of our executives went a nd pulled employees (off the job) out in Grand Bahama and the (company's went to court and sued the union for revenue they lost for that action," he added. He explained that union executives should have polled its members for a strike vote a nd had a cooling off period before industrial action could begin. "You can't just go on the streets and take things in your hands before you know what's going on. It's not a criticism, it is trying to help. The law is clear it says before you can take any strike a ction, legally you have to go through the conciliatory process, take a strike vote and take a cooling off period. You can't speak for your union until you get that vote from membership. Encouraging employees to illegally walk off the job will c reate "anarchy in this society. Everyone will think you can just come and go how you like," Mr Douglas added. Meantime employees of BTC which has been dogged with complaints of poor service, jammed net works and overbilling s hould focus on productivity and customer service instead of walking off their jobs during this period of high unem ployment, he said. "Many citizens of this country do not agree with that (industrial action Freeport, and if you walk the streets people are upset. Don't play with your job, give the best service that you can to the consumers in times likes these when people are praying for a job." Last Tuesday and Wednesday hundreds of BTC employees did not work, staging marches and motorcades in protest of the conditions of sale of the telecommunications company. Instead of organising more protests the unions should accept Cable & Wireless' invitation to sit down and discuss how to protect BTC employees, Mr Douglas said. "Every union has an indus trial agreement and it sets out the relationship with employees and I'm sure the union of BTC is not any different. It must have a clause in it which speaks of change of ownership. "If the CEO of Cable & Wireless says 'Come meet with me' that means the fella has good intentions." Mr Douglas, who has more than 40 years experience as a trade unionist, added that he is satisfied that the Cable & Wireless deal is a good one for the country. "I have all confidence in the present prime minister that he will not do anything to hurt the Bahamian people. I don't know why people believe that they are more Bahamian than certain people and no one is more Bahamian than Mr Ingraham, he was like me going to school with nothing to eat, some of our people who talking never know a hard day in this country. I have all confi dence in Mr Ingraham that he will do the best for the Bahamian people," Mr Dou glas said. Former trade unionist hits out at prematur BTC industrial action F ROM page one

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STOCKHOLM NO ONEdied except the suspected bomber, but two explosions in Sweden's capital tore at the fabric of this tolerant and open nation a society that hadn't seen a terrorist attack in more than three decades, according to Associated Press. Two people were wounded in central Stockholm on Saturday in what appeared to be the first suicide bombing in the history of Sweden, which has been spared the major terrorist strikes seen in several other European countries. A car exploded in the middle of the seasonal shopping frenzy, shooting flames and causing several smaller blasts as people ran screaming from the scene. The blast that killed the alleged bomber came moments later further a few blocks away on a busy pedestrian street. Experts said the alleged bomber probably didn't succeed in detonating all the explosives and could have caused much greater damage. While police haven't confirmed that Saturday's attack was motivated by Islamist views, an audio file sent to Swedish news agency TT shortly before the blast referred to jihad, Swe den's military presence in Afghanistan and a cartoon by a Swedish artist that depicted the Prophet Muhammad as a dog, enraging the Muslim world. It hasn't been verified that the speaker is the person who set off the explosive, but police have said they are investigating that possibility. "Now the Islamic state has been created. We now exist here in Europe and in Sweden. We are a reality," the voice said in the file, submitted to The Associated Press by TT. "I don't want to say more about this. Our actions will speak for themselves." Swedish Prime Minister Fredrik Reinfeldt said Sunday the attack was "unacceptable" but urged Swedes not to jump to "premature conclusions" that "create tension which paints pictures that are then difficult to change." "Sweden is an open society ... which has stated a wish that people should be able to have different backgrounds, believe in different gods ... and live side by side in our open society," Reinfeldt said at a news conference. Swedes, with a tradition of welcoming immigrants and a culture of transparency, began questioning the veracity of their self-image as a secure nation after the 1986 murder of Prime Minister Olof Palme. In 2003, the fatal stabbing of Foreign Minister Anna Lindh in an department store was another wake-up call. But there have been no major terrorist strikes. We had a terrorist attack in the 1970s from the Rote Armee Friktion of Germany, but if this is a suicide bomber it is the first time in Sweden," security police spokesman Anders Thornberg told The Associated Press. "It's very serious and it's very tragic that these things have come to S weden too." On Sunday, the pedestrian district where the explosions occurred was eerily quiet and empty for a mid-December weekend. "We're used to seeing things like this on the news. This was a lot closer to home but it stilld oesn't feel very tangible," said Eric Osterman, a 26-year-old student. German tourist Melanie Ziethmann, 34, said she heard the bang of the explosion Sat urday but didn't realize what it was until a friend in Germany contacted her to make sure she was OK. "We were surprised that this happened in Sweden," Ziethmann said. "It was quite shocking. I thought it was very safe here." In October, Sweden raised its terror threat alert level from low to elevated because of what police called "a shift in activities" among Swedish-based groups that could be plotting attacks. Days later, police made several arrests in an alleged bomb plot in the country's secondlargest city, Goteborg. The sus pects were later released and police said the city was no longer deemed under threat. Magnus Norell, a terrorism e xpert at the Swedish Defense Research Agency, said it was just a matter of time before Sweden was hit by a terrorist attack. "Sweden isn't an isolated island, even if we might think that sometimes," he said. "We have only been lucky so far." Norell said Sweden has the s ame growing radicalization among Islamic groups as other countries, with young men traveling to training camps in countries such as Somalia and Pakistan. "The whole idea is that this is a global war for them and that the target exists everywhere, allo ver the world," he said. The 2007 drawing of the Prophet Muhammad by Lars Vilks has raised tensions before in Sweden. In May, Vilks was assaulted while giving a speech in Uppsala, and vandals unsuccessfully tried to burn down his home in southern Sweden. C M Y K C M Y K INTERNATIONAL NEWS PAGE 16, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM EMERGENCY SERVICES attend the scene after a car exploded in the center of Stockholm on Saturday. Two separate explosions shook a busy shopping area in central Stockholm on Saturday, injuring twop eople and leaving one person dead, rescue officials said. (AP Swedes shocked by nations first terror attack in three decades

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CARACAS, Venezuela U.S. DIPLOMATSdiscussed efforts to counter Venezuelan President Hugo Chavez's influence in Latin America and tried to dissuade Russia from shipp ing anti-aircraft missiles to his government, according to classified documents released by WikiLeaks, according to Associated Press. One secret 2008 document from the U.S. Embassy in Colombia said then-Colombian President Alvaro Uribe urged t he U.S. government "to lead a public campaign against Venezuela," and it said the presidents of countries such as Mexico, Panama and Costa Rica were "natural leaders to counter Chavez." The document, dated Jan. 28, 2008, and posted online Friday, w as one of several leaked in the past week that discussed efforts to marginalize Chavez internationally and prevent arms shipments. The friction between Washington and its most vociferous opponent in Latin America has been public and notorious, but the newly released messages reveal glimpses of behindt he-scenes U.S. diplomatic efforts against Chavez. An earlier secret U.S. memo, from the embassy in Santiago, Chile, on June 18, 2007, showed American officials were analyzing "ways the U.S. can counter Chavez and reassert U.S. leadership in the region." The e mbassy document offered a host of suggestions to Washington and other U.S. embassies. "Know the enemy: ... To effectively counter the threat he represents, we need to know better his objectives and how he intends to pursue them. This requires better intelligence in a ll of our countries" on issues such as Venezuela's close rela tionship with Iran, it said. The 2007 report, released Thursday by WikiLeaks, said ifsuch U.S. efforts are successful, "we will make quick inroads into marginalizing Chavez's influence." It also said U.S. diplomats should aim to make sure "the truth about Chavez his hollow vision, his empty promises, his dangerous inter national relationships starting with Iran ... gets out, always exercising careful judgment about where and how we takeon Chavez directly/publicly." Other newly released docu ments suggest American diplo mats have been privately expressing concerns to Russian officials since at least 2005 about some of Chavez's multibilliondollar arms purchases which have included Russian-made helicopters, warplanes, tanks and 100,000 assault rifles. A secret Feb. 14, 2009, memo from Secretary of State Hillary Rodham Clinton's office to theU.S. Embassy in Moscow said the American government had been raising concerns with Russian officials for four years about a possible sale of weapons including shoulder-fired Igla-S surface-to-air missiles. It said "Igla-S (SA-24 one of the most lethal portable air defense systems ever made," and that American officials feared it could end up in the hands of the leftist guerrillas of the Revolutionary Armed Forces of Colombia, or FARC, due to corruption and alleged Venezuelan links to the rebels. "We fear that should these sophisticated systems fall into the hands of the FARC, they could possibly be sold or traded to drug organizations, including those in Mexico, which are actively seeking to acquire powerful and highly sophisticated weapons for use against gov ernment forces," the memo said. Another leaked communique dated Aug. 10, 2009, shows that the U.S. State Department tried to enlist help from Spain and Sweden to raise its concerns with Russia. It said "Sweden and Spain are well positioned ... to urge other EU members, as well as Russia, to strengthen transparency and accountability in arms exports to Venezuela." It included talking points for the embassies in Stockholm and Madrid. It's unclear what results, if any, those diplomatic efforts yielded, or what came of the U.S. diplomats' talk of stepping up efforts to marginalize Chavez internationally in 2007. A memo from Clinton's office on Aug. 6, 2009, said Russian officials had informed their American counterparts of the transfer of 100 Igla-S missiles to Chavez's military. It said that Russian officials assured Amer ican diplomats that "transfers from Venezuela to the FARC cannot take place." It's unclear how many of the weapons Chavez has obtained, but in December 2009 he said publicly that his military had obtained thousands of them. Chavez, a leftist former army paratroop commander, has denied aiding the FARC and has called for an end to the neighboring country's decadeslong conflict with the rebels. He has said he is equipping his military to defend against any possible U.S. threat an idea American officials have repeat edly dismissed. He has not responded in detail to the documents divulged by WikiLeaks but has said that they show "the immense effort of the United States ... to try to isolate the Bolivarian Revolution and this soldier here." Chavez, who says he is leading Venezuela toward socialism, has crusaded against U.S. "imperialism" while drawing close to countries such as Iran, Cuba and Syria. A secret memo from Clinton's office, dated March 24, 2009, informed the American embassy in Turkey that Venezuelan officials were expecting a shipment of drone aircraft "unmanned aerial vehicles ... and related material from Iran" to arrive in a shipment via Turkey. I t was unclear whether that shipment ever arrived, but the memo asked diplomats to urge the Turkish government, a NATO ally, "to take action against this shipment." The documents released so far show that American officials also have been closely analyzi ng Chavez's political vulnerabilities and his standing abroad and that some officials of other countries have shared unflattering assessments. An October 2009 memo showed that Mexican President Felipe Calderon told a U.S. official last year that Latin America needs a visible U.S. presence" to go up against Chavez's growing influence. The U.S. Embassy in Madrid reported on July 21, 2008, that Spanish diplomat Trinidad Jimenez now the country's foreign minister described Chavez as "a brute, but not a stupid one." Another embassy r eport, from Nov. 6, 2007, said that Jimenez "described Chavez as being in 'another world.'" C M Y K C M Y K INTERNATIONAL NEWS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 17 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Documents: US aimed to counter Chavez, arms deals WIKILEAKSRELEASES VENEZUELANPRESIDENT: Hugo Chavez (AP

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CANCUN, Mexico NEARLY200 environment ministers and other delegates moved late Friday toward wrapping up an annual U.N. climate conference with a package of decisions on modest steps, including a fund to help poorer nations cope with global warming, according to AssociatedPress. In a late-night open session, country after country endorsed the latest compromise texts to emerge from two-week-long talks that went virtually nonstop since Thursday, describing them as key to restoring momentum and trust in the U.N. climate negotiations. "What we have now is a text that, while not perfect, is certainly a good basis for moving forward," said chief U.S. negotiator Todd Stern. His Chinese counterpart, Xie Zhenhua, sounded a similar note and added, "The negotiations in the future will continue to be difficult." T hose two nations, the world's biggest emitters, will be a t the center of those future negotiations, as the Cancun talks, once again, did not take up proposals for a grand compact mandating deep cuts in global warming gases. Underscoring what's at stake i n the long-running climate talks, NASA reported that the J anuary-November 2010 global temperatures were the warmest in the 131-year record. Its data indicated the year would likely end as the warmest on record, or tied with 2005 as the warmest. B olivia and Cuba criticized the draft accords, raising the possibility that one or both might block consensus agreement. But it remained to be seen whether their concerns could be allayed by modifying the text in further consultations early Saturday, and whether they would act to prevent adop tion of the decisions. The cross-cutting interests of rich and poor nations, tropical and temperate, oil producers, desperate islanders and com fortable continental powers, all combined once more to tie up the annual negotiating session of environment ministers past its 6 p.m. Friday scheduled fin ish. After many hours behind closed doors at a sprawling beachside resort hotel, leaders of the negotiating groups submitted the latest, slimmeddown versions of the main proposed texts for review. "We are almost through this process," Mexican Foreign Sec r etary Patricia Espinosa, the conference president, told delegates. Negotiators earlier reported progress on the key issue of the Green Climate Fund, which is to aid developing nations obtain clean-energy technology for cutting their own greenh ouse gas emissions and adapt to potentially damaging climate change by shifting agricultural practices, for example, and building seawalls against the rise of warming seas. In the "Copenhagen Accord" that emerged from last y ear's climate summit in the Danish capital, richer nations promised $100 billion for such a fund by 2020. "There is a consensus that we set up a climate fund," Bangladesh's state minister for environment, Mohammed Hasan Mahmud, reported Frid ay. Details of the fund's oversight were left to post-Cancun negotiations, and the eventual sources of the financing were not identified. A U.N. advisory panel had suggested placing levies of some kind on the fuel or emissions of airlines and merchant shipping, but such a proposal was dropped during the nego tiations here. Mahmud lamented that once again a hoped-for overarching pact to slash global emissions was being deferred at least another year, to the 2011 conference in Durban, South Africa. "I doubt if the Durban (con ference) will deliver the desired level of results if the negotiations go the way we have been going through here," he said. Bolivian chief negotiator Pablo Solon was more sharply critical of the eleventh hour proposed text: "We have before us a document of 'take it or take it.'" Other issues that faced intense last-minute negotiation: Setting up a global struc ture to make it easier for devel oping nations to obtain patent-e d technology for clean energy and climate adaptation. Pinning down more elements of a complex, controversial plan to compensate poorer nations for protecting their climate-friendly forests. Taking voluntary pledges of emissions controls made u nder the Copenhagen Accord by the U.S., China and other nations, and "anchoring" them in a Cancun document, giving them more formal U.N. status. Agreeing on methods for monitoring and verifying that developing nations are fulfilling those voluntary pledges. U.N. officials had described these secondary items as building blocks" to restore momentum to the U.N. process after the failure of last year's climate summit in Copenhagen to produce a long-anticipated global emissions-cutting pact. In the 1992 U.N. climate treaty, the world's nations promised to do their best to r ein in carbon dioxide and other heat-trapping gases emitted by industry, transportation and agriculture. In the two decades since, the annual conferences' only big advance came in 1997 in Kyoto, Japan, when parties agreed on modest mandatory r eductions by richer nations. But the U.S., alone in the industrial world, rejected the Kyoto Protocol, complaining it would hurt its economy and that such emerging economies as China and India should have taken on emissions obligations. Since then China has r eplaced the U.S. as the world's biggest emitter, but it has resist ed calls that it assume legally binding commitments not to lower its emissions, but to restrain their growth. Here at Cancun such issues came to a head, as Japan and Russia fought pressure to acknowledge in a final decision that they will commit to a sec ond period of emissions reductions under Kyoto, whose current targets expire in 2012. The Japanese complained that with the rise of China, India, Brazil and others, the 37 Kyoto industrial nations now account for only 27 percent of global greenhouse emissions. They want a new, legally bind ing pact obligating the U.S., China and other major emitters. The upcoming takeover of the U.S. House of Representatives by the Republicans, many of whom dismiss strong scien tific evidence of human-caused warming, rules out any carboncapping legislation for at least two years, however. While the decades-long talks stumble along, climate change moves ahead. The atmosphere's concent ration of carbon dioxide now stands at about 390 parts per million, up from 280 ppm before the industrial age. Scientists project average global temperatures, which rose 0.7 degrees C (1.3 degrees Fahrenheit) in the 20th century, will jump by as much as 6.4 degrees C (11.5 degrees F too little is done. The U.N. Environment Program estimates the voluntary Copenhagen pledges, even if fulfilled, would go only 60 percent of the way toward keeping the temperature rise below a dangerous 2 degrees C (3.6 degrees F) above preindustrial levels. C M Y K C M Y K INTERNATIONAL NEWS PAGE 18, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Climate talks nearing deal on small steps GREENPEACE ACTIVISTS form the word hope as a question with t heir bodies, next to a giant life saver, during a demonstration near t he site of the United Nations Climate Change Conference in Cancun, Mexico. (AP

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C M Y K C M Y K INTERNATIONAL NEWS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 19 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Madoff's eldest son hangs himself in NYC apartment NEW YORK HE WASnever charged in the case that sent his father to prison after thousands were swindled of their life savings, but for two years, the eldest son of disgraced financier Bernard Madoff still bore the toxic burden of a name that meant fraud to the world, according to Associated Press. On Saturday, the second anniversary of the day his father was arrested in the worst investment fraud in American history, Mark Madoff, 46, was found dead in the living room of his SoHo loft apartment in Manhattan. He was hanging from a black dog leash while his 2-yearold son slept nearby. People close to him said he was despondent over press coverage of his father's case, an ongoing criminal investigation of Madoff family members in the multibillion-dollar scheme and his struggle to rebuild his life. The intense scrutiny approaching the anniversary "became too much for him," saida person who had recent contact with him, speaking on con dition of anonymity because of the sensitivity of the case. Mark Madoff's wife, Stephanie, sent her stepfather to the couple's $6 million (euro4.5 million) apartment after he emailed her at Disney World in Florida, where she was vacat ioning with their 4-year-old daughter. In the messages, he told her he loved her and that someone should check on their 2-year-old child, Nicholas, police said. He left no suicide note. The person who had recent contact with Madoff said he was struggling to find steady employment and was upset by coverage of his father's case, including a slew of stories in the past week about investor lawsuits. "Mark Madoff took his own life today. This is a terrible and unnecessary tragedy," his attorney, Martin Flumenbaum, said in a written statement. "Mark was an innocent victim of his father's monstrous crime who succumbed to two years of unrelenting pressure from false accu sations and innuendo." Mark Madoff and his brother Andrew, who notified authori ties their father had confessed to them the day before he was arrested on Dec. 11, 2008, have said they were unaware of his crimes. But they have remained under investigation and been named in the multiple civil lawsuits accusing them of profiting from the scheme. Another law enforcement official said Saturday that Madoff's arrest was not imminent, and that investigators pursuing possible charges against him, his brother and uncle hadn't contacted him for more than a year. The official wasn't authorized to speak publicly about the case and spoke on condition of anonymity. A lawyer for Mark's mother, Ruth Madoff, said, "She's heartbroken." The lawyer, Peter Chavkin, had no further comment. Bernard Madoff, 72, swindled a long list of investors out of billions of dollars. He admitted that he ran his scheme for at least two decades, cheating thousands of individuals, charities, celebrities and institutional investors. Losses are estimated at around $20 billion (euro15 billion ing it the biggest investment fraud in U.S. history. He is serving a 150-year prison term in North Carolina. The scandal has resulted in a half dozen arrests of Madoff associates and put a harsh light on members of the family, which has splintered since Madoff's arrest. Both brothers hadn't spoken to their parents since they turned their father in. MARK MADOFF is shown. AP Photo/Security Traders Association of New York, Kimberly Unger

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By NEIL HARTNELL Tribune Business Editor A LEADING g overnment minister believes it is too ear ly to say that the Ingraham a dministrations 2010-2011 Budget tax increases have failed to produce the desirede ffect, even though tax revenues for the first quarter of the fiscal year dropped by 1.4 per cent to $241.3 million, inc omparison to 2009-2010 figures. Zhivargo Laing, minister of state for finance, commenting on the release of data by the Central Bank of the Bahamas, told Tribune Busi-n ess that revenues for the first quarter of the 2010-2011 fiscal year could not be taken as a true reflection of whether the Governments Budget tax increases had worked or not. Arguing that a more detailed analysis or break down of the Governments revenues was required before any conclusions were drawn, Mr Laing told Tribune Business that Excise Taxes an area of the Budget that had seen significant tax increases, especially with the changes to auto industry and liquor duty structures and rates had increased slightly year-overyear to date. His comments came as the Central Bank revealed that the Governments fiscal deficit for the 2010-2011 first quarter, which represents thet hree months to September 30, 2010, widened year-overyear by $10.8 million or 10.7p er cent to $111.5 million, while the national debt hit a new record of $4.139 billion. Asked whether the 20102 011 first quarter figures showed the Governments tax C M Y K C M Y K SECTIONB business@tribunemedia.net MONDAY, DECEMBER 13, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held r esponsible for errors and/or omission from the daily report.$ $4.30 $4.45 $4.34 By NEIL HARTNELL T ribune Business E ditor GRAND BAHAMA PORT AUTHORITY( GBPA) officials have feared for almost a decade that assigning its rights to licence/regulate telecommunications entities in the Port area to government regulatory agencies would require us to breach the Hawksbill Creek Agreement, with the Ingraham administration having reiterated last year its intent to use moral suasion to a chieve this outcome. D ocuments filed with the Supreme Court in relation to the dispute betweenC able Bahamas and the Utilities Regulation & Competition Authority ( URCA) over the latters e fforts to collect Internet licence fees from the former based on its Freeportd erived revenues disclose the more than decade-long struggle to reconcile theG overnments national t elecommunications/communications regulatory regime with the GBPAsr ights under the Hawksbill Creek Agreement. The Governments cur r ent position is set out in two letters sent late last year to the GBPA and its legal advisors by DavidD avis, permanent secretary in the Prime Ministers Office, in which he states: The Governments position is that there should be a single regulator for the e lectronic communications s ector of the Bahamas. Adding that the Bahamas Telecommunica t ions Company (BTC post-privatisation was expected to continue oper-a ting in Freeport under the current licensing regime, Mr Davis added: Having By NEIL HARTNELL Tribune Business Editor CABLE BAHAMAStwo-year r unning battle with regulators over w hether it should pay $78,747 worth of Internet licensing fees generated by its Freeport business finally goes to trial in the Supreme Court early in the New Year, the issue highlightingt he Grand Bahama Port Authoritys (GBPA that this plus the Hawksbill Creek Agreement could be breached by the national communications supervisory infrastructure. T ribune Business can now expose the full extent of the dispute between Cable Bahamas and its affiliate, Cable Freeport, and the Utilities Regulation & Competition Authority (URCA with documents filed in the Supreme Court revealing just how concerned G BPA officials have been since 1999 t hat attempts to create a Bahamaswide telecoms/communications regu latory regime could erode both its r ights to licence this industry in Freeport and require us to breach t he Hawksbill Creek Agreement ( see o ther story on Page 1B) The huge bundle of documents obtained by Tribune Business showt hat Cable Bahamas initially filed its application for Judicial Review of the t hen-Public Utilities Commissions (PUC alleged outstanding licence fees together with the interest accrued thereon on revenue earned..... from the provision of public Internet services within the Port area on GrandB ahama on January 14, 2009. The matter is finally set to go to trial between January 24-28, 2011, in Freeport before Supreme Court Justice Hartman Longley, Cable Bahamas and its Freeport affiliate h aving already obtained an almost two-year injunction to prevent the P UC and its successor, URCA, from imposing sanctions upon [Cable Bahamas] and from otherwise suspending or revoking the applicants By NEIL HARTNELL Tribune Business Editor THE Bahamian electronic communications industry bucked the 4.3 per cent economic contraction in 2009 by producing a 3 per cent total revenue increase, from $445 million to $460 million, with the sector regulator granting 127 out of 149 licence applications received that year. Unveiling its three-year strategy and annual plan for 2011, By ALISON LOWE B usiness Reporter a lowe@tribunemedia.net MOMENTUM to f orm a national coalition o f services industries in the Bahamas is reviving, with the expectation that such a body will play ak ey role in enhancing Bahamian suppliers ability to compete abroad and lobby on issues such as foreign trade deals that affect them. Winston Rolle, execut ive director and former p resident of the Bahamas Chamber of Commerce, said the move to form the coalition which heh ad previously pushed for during his term as Chamber president was inspired in large part by recognition of a need for greater unity among service industries in the Cable battling URCA on Freeport Internet fees Supreme Court to hear Judicial Review matter over alleged $ 78k in outstanding fees in January 2011, with BISX-listed firm a lleging regulator acting ultra vires Matter goes to heart of conflict between Grand Bahama Port Authority regulatory powers and those of government and n ational regulators Claim URCA demands would contravene Hawksbill Creek Agreement and undermine Pors alleged right to licence telecoms operators in Freeport Cable says URCA/PUC demands would subject it to double t axation and have dire economic consequences for the Port area SEE page 5B GOVERNMENT: MORAL SUASION ON PORT TELCOS L ICENCE IMPASSE SEE page 4B COMMUNICATIONS SECTOR REVENUES UP 3% TO $460M Industry bucks 4.3% economic contraction, with 127 out of 149 new licence applications granted in 2009 New international connectivity provider licensed URCA budget for 2011 expands by over 9% to more than $5m SEE page 8B oo early to sa tax policy failed Minister reacts after tax r evenues fall 1.4% in 20102011 first quarter despite Budget tax rises F iscal def icit e xpands 11% to $111.5, while national debt hits $4.14bn record MINISTER OF STATE FOR FINANCE: Zhivargo Laing SEE page 7B RENEWED FOCUS ON SERVICES COALITION SEE page 5B By ALISON LOWE B usiness Reporter alowe@tribunemedia.net BAHAMIAN engineers will travel to Jamaica, then to Europe, in a bid to achieve the recognition necessary to enable them to take their skills abroad under the terms of the Economic Partnership Agreement (EPA Quintin Knowles, Bahamas Society of Engineers Board, will fly to Jamaica on December 14 to take part in the "validation meeting" with o ther Caribbean engineers, a prelude to a further trip to Europe, where Bahamian engineers and their Caribbean counterparts are expected to meet with several European engineering bodies, including the European Network for the Accreditation of European Engineers and the European Federation of National Engineering Associations, to discuss the terms of a Mutual Recognition Agreement ENGINEERS IN MOVE ON EP A RECOGNITION SEE page 8B

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C M Y K C M Y K BUSINESS PAGE 2B, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ROYALFIDELITY MARKET WRAP ByROYALFIDELITY CAPITAL MARKETS IT WASanother slow week of trading in the B ahamian stock market. I nvestors traded in two out of the 24 listed securi-t ies, with all remaining unchanged. EQUITY MARKET A total of 20,900 shares changed hands, representi ng a decrease of 36,400 s hares compared to the previous week's trading volume of 57,300 shares. Commonwealth Bank ( CBL) was the volume l eader in the week, trading a volume of 20,700 shares to see its stock price close u nchanged at $6.85. B OND MARKET N o notes traded during last week. COMPANY NEWS E arnings Releases: There w ere no earnings reports released last week. EQUITY MARKET TRADING STATISTICS Week ending 10.12.10 BISX YTD PRICE SYMBOLCLOSING PRICEWKLY PRICEVOLUMECHANGE AML.....................$ 1.01..........................$-.................................0................................-13.68% B BL......................$ 0.18..........................$-.................................0................................-71.43% BOB......................$ 4.90..........................$-.................................0................................-16.95% B PF.......................$ 10.63..........................$-.................................0..................................-1.02% BSL.......................$ 5.01..........................$-.................................0................................-50.20%B WL.....................$ 2.70..........................$-.................................0................................-14.29% CAB......................$ 10.46..........................$-.................................200...............................4.81% C BL......................$ 6.85..........................$-.................................20,700.........................-2.14% CHL......................$ 2.40..........................$-.................................0................................-11.76% C IB........................$ 9.39..........................$-.................................0..................................-2.50% CWCB..................$ 1.80..........................$-0.03..........................0....................................-36.84 DHS......................$ 1.60..........................$-.................................0................................-37.25% FAM.....................$ 6.07..........................$-.................................0..................................-6.47% FBB.......................$ 2.17..........................$-.................................0..................................-8.44% FCL.......................$ 5.46..........................$-.................................0.................................14.47% F CLB....................$ 1.00..........................$-.................................0...................................0.00% FIN........................$ 7.23..........................$-.................................0................................-22.09% ICD.......................$ 5.59..........................$-.................................0...................................0.00%J SJ.........................$ 9.82..........................$-.................................0..................................-0.30% P RE ......................$ 10.00..........................$-.................................0...................................0.00% BOND MARKET TRADING STATISTICS BISX SYMBOLDESCRIPTIONVOLUMEPAR VALUE FBB13...................FBB Series C Notes Due 2013..................0........................................$1,000 FBB15...................FBB Series D Notes Due 2015.................0........................................$1,000 FBB17...................FBB Series A Notes Due 2017.................0........................................$1,000 FBB22...................FBB Series B Notes Due 2022..................0........................................$1,000 INTERNATIONAL MARKETS FOREX RATES C URRENCY WEEKLY% CHANGE CAD0.9909-0.65 G BP1.58250.27 EUR1.3238-1.36 C OMMODITIES C OMMODITYWEEKLY% CHANGE Crude Oil 90.55-1.17 G old1,375.25-2.01 INTERNATIONAL STOCK M ARKET INDEXES INDEXWEEKLY% CHANGE D JIA11,410.320.25 S&P 5001,240.401.28N ASDAQ2,637.541.78 Nikkei10,212.000.33

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By ALISON LOWE Business Reporter alowe@tribunemedia.net THE BAHAMIANprivate sector has been urged to seek greater involvement and input into negotiations over a new free trade deal between the Caribbean and Canada, one trade specialist noting that particular attention should be paid to how financial services is dealt with in any new agreement. Matthew Spence, an intellectual property specialist with the CARICOM Secretariat's Officeof Trade Negotiations (OTN and a member of the CARICOM college of negotiators for the CARICOM-Canada Trade and Development Agreement, told attendees at a technical workshop that he "can't stress enough" how important it is for the private sector in the Bahamas to seek knowledge about and input into the discussions on how trade in goods and services between Canadaand the Bahamas will be defined going forward. His comment come after Sacha Silva, an economic consultant with the Office of Trade Negotiations (OTN same workshop, which took place at the Sheraton Nassau Beach Resort, having been organised in conjunction with the Bahamas Chamber of Commerce, that the Bahamas would be wise to "keep a close eye on" negotiations between Canada and the Caribbean, as well as the WTO accession process. Such deals will have "a much more significant impact on development" than the EPA with Europe is likely to, considering the Bahamas relatively small trading relationship with Europe, contended Mr Silva. The Bahamas trade volume with Canada is larger, and Canada has traditionally taken "harder negotiating stances" in trade deals struck previously than Europe has. Addressing the workshop on Friday, Mr Spence said: "I think the experience youve had with the EPA should urge you to get involved in discussions with Canada. I cant stress enough how much the private sector should get involved in the process. Get in touch with the Chamber (of commerce)." Meanwhile, Allyson Francis, an investment and services trade specialist with the OTN, said that given the sector's importance to the Bahamas' economic output, the Government and private sector should be particularly proactive with regard to the terms of the deal relating to financial services. "I hope you are involved in the discussion of the financial services text in the Canada agreement because the approach Canada wants is quite different on financial services (as opposed to Europe You need to play as active a role as possible in the negotiating process, so it is as close as possible to what you want to see from a national perspective," said Ms Francis. Speaking wtih Tribune Business after the workshop, Mrs Francis said: "In the EPA we were just looking at regulating what we had scheduled in the agreement. With CaricomCanada we are looking at regulations of not just what is scheduled but how you regulate financial services within your state. "(Canada has a separate chapter to deal with financial services, unlike what we have in the EPA. That may not be of major concern, but I think we need to appreciate the content in terms of the depth of the Canadian requirement and proposal. Its more than we have done with the EPA, and with some member states its more than they have done in other agreements with Canada." CARICOM and Canada opened discussions in 2007 on a new trade agreement to replace the non-reciprocal arrangement that has previously governed trade in goods between the two areas. The Caribbean has up until now been allowed to export certain goods to Canada duty free, while Canada did not have the same benefit. According to figures released in 2009 by the Government of Canada, Canadas bilateral mer chandise trade with the Bahamas increased by 90.7 per cent in 2008 to reach $303.9 million. Merchandise exports to the Bahamas totalled $230.8 million in 2008, and included mineral fuels and oils, machinery, preserved food, electrical and electronic equipment, and pharmaceutical products. Merchandise imports from the Bahamas reached $73.1 million in 2008 and included organic chemicals, mineral fuel and oils, fish and seafood, salt, sulphur, stones and fruits and nuts. Through the Royal Bank of Canada, the Bank of Nova Scotia and others, Canada's trade in financial services with the Bahamas is also significant. C M Y K C M Y K BUSINESS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM .H\UHVSRQVLELOLWLHV 0LQLPXPHTXLUHPHQWV Private sector is urged to get involved with Canada trade talks NEW YORK THEfear that kept small investors from participating in one of the greatest bull mar kets in history may be losing its grip, according to Associated Press. The White House reached a tentative deal with Republican leaders last week to cut tax es. Economists are raising their estimates for economic growth, and jobless claims have fallen 15 percent from a year ago. The month-ly trade report released Friday showed surging demand for American products, and the University of Michigan's December consumer sentiment index reached its highest point since June. There's even good news about two symbols of Wall Street recklessness. The government sold its last stock in Citigroup Inc. on Tuesday and could do the same soon with its stake in American Inter national Group Inc. The Standard & Poor's 500 index closed at 1,240 Friday, surpassing the level from before the financial meltdown in September 2008. And a survey by the American Association of Individual Investors showed the number of people bullish about stocks outnumbering those bearish by the widest margin in more than three years. "There was this widespread expectation six months ago that we were going to have a double dip recession," says Steven Bleiberg, manager of the Legg Mason Lifestyle funds. "That whole mindset has petered out." Arnold Espe, the bullish manager of USAA's Cornerstone Strategy Fund, predicts investors next year will put more money into U.S. stock mutual funds than they take out for the first time since 2006. Says Espe: "We're setting up for a pretty good market." Trying to guess what individual investors will do next is difficult, and the optimists could be dead wrong. There are plenty of reasons investors might balk at buying U.S. stocks, not least an unemployment rate of 9.8 percent. But if Espe is right, the market could rise smartly. Optimism about stocks can feed on itself. If small investors put back into the market even a fraction of the tens of billions that they took out in the past year, it could set off a virtuous cycle of buying. One sign that stocks may soon attract money: Though investors pulled $500 million more from U.S. stock mutual funds than they put in last month, the pace of withdrawals is slowing, according to fund tracker Strategic Insight. As recently as September, investors took out a net $15 billion. Small investors could turn to stocks soon because the alternative bonds don't look so safe anymore. For most of the year, small investors have used the billions they've withdrawn from stocks to buy bonds. The thinking was that bonds were safer because the principal is guaranteed. It's been a good move. Though the S&P has risen 11 percent since the beginning of the year, some bonds have done better. So-called junk bonds from highly indebted U.S. companies have gained 16 percent and bonds from emerging markets, 14 percent, according to Barclays Capital. But now doubts about bonds are creeping in. Fear is rising that an improving economy will stoke inflation that could eat into bond returns. Inflation sends bond prices down sharply because the principal won't buy as much when returned if prices rise. Will good news convince Main Street to buy stocks?

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regard for the provisions of the Hawksbill Creek Agreement, the Government is minded, using moral suasion, to seek the cooperation of your [Port Authority] Boardi n agreeing that the URCA regime might be extended to Freeport. In this regard, I herewith formally seek the concurrence of your Board. Such efforts have been o ngoing for more than a decade, the Government and G BPA having been locked in n egotiations over the latter assigning its rights to regul ate electronic communications in the Port Area to a Nassau-based regulator (first the Public Utilities Commission, then URCA) since the T elecommunications Act came into being in 1999. T he concerns have been l ong-standing. A draft February 14, 2001, letter from Sir Albert Miller to then-finance minister, Sir William Allen, o n this issue, warned: The p roposed draft agreement f irst sent to us by the Office o f the Prime Minister places GBPA in a somewhat untena ble position. To agree to the assignm ent of our rights, as prop osed therein, would require us to breach the Hawksbill Creek Agreement. Various drafts have been kicked back and forth, them ost recent, according to an August 31, 2009, legal opinion prepared by Graham, T hompson & Cos Robert Adams for GBPA president Ian Rolle, having been a draftD eed of Assignment sent on J une 18, 2009, by T. B. Don aldson, chair of the Government-appointed privatisation committee. According to Mr Adams, this draft involved the GBPAa ssigning all its rights to licence and regulate the provision of electronic communications services within the Port area to URCA for $1. GBPAs rights under the e xisting business licences that have been issued to electronic communications services providers in the Port area will be included in the assignment, Mr Adams wrote. For example, all of G BPAs rights, including the right to collect the licence fees, under its licence agreement with BTC and CableB ahamas will also be assigned to URCA. Summing up the implications, Mr Adams warned: Although it is our view that t he Deed does not purport to amend the terms of the H awksbill Creek Agreement, it must be noted that an assignment of a part of GBPAs rights under the Hawksbill Creek Agreement t o a third party would represent a very significant change t o the regulatory landscape i n the Port area. Accordingly, if GBPA is prepared to give up its rights t o regulate the electronic c ommunications sector in the P ort area and negotiate mutually acceptable comm ercial benefits and terms for an assignment of such rights to URCA, it is our recommendation that GBPA engage in a well-planned, structured and transparent process of public consultationw ith its existing stakeholders and licencees prior to entering into such an assignment despite the fact that there is no strict legal obligation on GBPA to do so. A November 5, 2010, affid avit by Tyrone Fitzgerald, the GBPAs in-house legal counsel, said of the negotiations between the Govern-m ent and GBPA: An agreement was never reached with respect to GBPAs assignment of such telephonic t elecommunications licensing r ights within the Port area. Thus GBPA still retains those r ights and exercises the same. Acknowledging the potential widespread consequences that the Cable B ahamas/URCA matter might have, former GBPA c hairman Hannes Babak, in a n affidavit filed in support of the Port intervening in the case, alleged: This matter c an have serious conseq uences to GBPAs ability to g rant licences within the Port area in respect to the provis ion of telephony services and to collect revenue on the same. C M Y K C M Y K BUSINESS PAGE 4B, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM &RPIRUWDEOHRRPVDW&RPIRUWDEOHDWHV5RRPVIURPMXVWHULJKWSOXVJUDWXLW\5HVWDXUDXQWDQG%DURROHFUHDWLRQRRPHHWLQJRRP$OEDQV'ULYH $ V D SULYDWHO\RZQHGPLGVL]HG%DKDPLDQ & RPSDQ\DQGWKHDXWKRUL]HG&DWHUSLOODUGHDOHU L Q WKH%DKDPDVZHDUHVHHNLQJFDQGLGDWHV IRU W KHSRVLWLRQRI)LHOG6HUYLFH7HFKQLFLDQV D QG FDQGLGDWHIRUWKHSRVLWLRQRI(OHFWULFDO 7HFKQLFLDQ 7KH LQGLYLGXDOVPXVWEHDEOHWR VXSSRUW&DWHUSLOODU7UDFWRUV 3URFLHQWLQGLDJQRVWLFWHVWLQJ&DWHUSLOODU 3URFLHQWLQ$SSOLHG)DLOXUH$QDO\VLV3URFLHQF\ LQSHUIRUPORDGVKDULQJDQGV\QFKURQL]HGLQ *HQHUDWRU3URFLHQF\LQ&DWHUSLOODU0DULQH(QJLQH GLDJQRVWLFV3URFLHQF\LQ&DWHUSLOODUIXHO LQMHFWLRQV\VWHPVDQGIXHOLQMHFWLRQEHQFKWHVW $SSOLFDQWVPXVWDOVRKDYHSURYHQH[SHULHQFH LQGLDJQRVLQJWURXEOHVKRRWLQJUHSDLULQJRI +\GUDXOLFV(QJLQHVDQG9HKLFXODU(OHFWULFLW\ &RPSXWHUVNLOOVDUHDOVRUHTXLUHGIRUWKLVSRVLWLRQ $SSOLFDQWVZLWKIRUPDOHGXFDWLRQLQPHFKDQLFVDUH SUHIHUUHG 6HQG FRPSOHWHUHVXPHZLWKHGXFDWLRQDQGZRUN H[SHULHQFHWR/LPLWHG3%R[ 1DVVDX%DKDPDV$WWHQWLRQ+XPDQ5HVRXUFHV 'HSDUWPHQWRUHPDLO PH#PHOWGFRP 2QO\SHUVRQVEHLQJLQWHUYLHZHGIRUWKLV SRVLWLRQZLOOEHFRQWDFWHG NOTICEWEST WINDS PROPERTY OWNERS ASSOCIATION LIMITEDNotice is hereby given that the annual general meeting for the West Winds Property Owners Association Limited will be held Thursday the 16th day of December, A.D., 2010 at 6:30 p.m. At the Pavilion, West Winds Subdivision, New Providence. BOARD OF DIRECTORS WEST WINDS PROPERTY OWNERS ASSOCIATION LIMITED Government: Moral suasion on Port telcos licence impasse FROM page one

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licence for non-payment of t he licence fees due. Judith Smith, Cable B ahamas in-house legal counsel, had alleged in an affidavit that the then-PUC had warned the BISX-listed company as far back as Decem-b er 23, 2008, that it could impose sanctions against ito ver the issue. Such sanctions may include revocation of [Cable Bahamas] licence, she alleged. The impositionof sanctions by the PUC is l ikely to cause irreparable d amage to the applicants business. Justice Longley will have to rule on Cable Bahamas demands for a Supreme Court declaration that URCAs a ttempts to include Freeportd erived revenue in the Internet licensing fees due from the company fall entirely outside the limits of the power conferred on it under the Communications Act. A nd the BISX-listed communications provider is also s eeking a declaration that the PUC (now URCAs to calculate its Internet fees b ased on the revenues genera ted by Cable Freeport was irrational and for improperp urposes. Describing Cable Freeport as its wholly-owned subs idiary, Cable Bahamas is a lleging that on October 19, 1995, it was issued with a licence to provide informa-t ion and entertainment services by the GBPA in thePort area, paying licence fees t o the latter. C able Bahamas licence was modified on December 21, 2001, to allow it to become a n Internet Service Provider (ISP 9, 2007, when the then-PUC f irst requested that the comp any pay licence fees, earned from the provision of Intern et services in Freeport, which it alleged were in arrears. Cable Bahamas, in an O ctober 28, 2008, letter to the PUC, objected to the demand for payment, pointing to the alleged lack of jurisdiction of the PUC to calculate and determine licence feesp ayable based on the revenue earned from providing pub-lic Internet services within the Port area. A lleging that the Telecommunications Act 1999 (now succeeded by the Communi cations Act) did not repeal the Hawksbill Creek Agreement provisions that provide the GBPA special regulato r y functions and powers to licence Freeport-based entities to provide telecommuni-c ations services, Cable Bahamas is arguing that the Act ought to be construed as being generally applicable t o the regulation of telecomm unication services throughout the Bahamas except for the Port area... Consequently, it also follows that none of the powers vested in the PUC [URCA] by virtue of the Act may bel awfully performed by the PUC in relation to the Port area on Grand Bahama, the Port Authority and its licencees, the BISX-listed provider alleged. This extends to, and i ncludes, the power conferred by Section 10 of the Act, which authorises the PUC to set license fees in amounts required to defray costs connected with its functions and powers in relation to telecom-m unications. Therefore, by calculating the license fees payable on revenue earned by Cable Freeport from the provision of public Internet services within the Port area, t he PUC was acting outside of the limits of the powers c onferred upon them under t he Act. Cable Bahamas is also a lleging that while it is l icensed by URCA, it is its C able Freeport affiliate a s eparate legal entity that earns all its Freeport revenues, and that is licensed by the GBPA, not the Nassaubased regulator. T he dispute goes right to the heart of the special status t hat Freeport and the GBPA have, and the latters ability to regulate and licence corporate entities in the 230 square mile area, and the extent to which they conflict with the central government in Nassau and its regulatory agencies. Cable Bahamas position was further made clear in anO ctober 28, 2008, letter to the P UC, in which its president and chief executive, Anthony Butler, said simply: The PUC is acting ultra vires in that it has no jurisdiction tor egulate telecommunications and, in particular, Internet in t he Port area and demand licence fees for the same. Pointing out that Cable Bahamas did not conduct business in the Port area, MrB utler added that Cable Freeport would be discriminated against if its was required to pay both URCA and GBPA licence fees, thus subjecting it to double taxation. Other telecommunica-t ions operators not based in F reeport would not be subjected to such onerous obligations. Referring to the PUCs demands, Mr Butler said that if enforced, they would exceed the Commissions statutory authority, and cont ravene the provisions of the H awksbill Creek Agreement. The proposed action, if implemented, will fly in the face of the Grand Bahama P ort Authority and will have d ire economic consequences f or the Port area. URCA is being represent ed by Ferron Bethel and C amille Cleare and Harry B. Sands Lobosky; Cable Freeport by Fred Smith QCo f Callenders & Co; and C able Bahamas by Robert Adams of Graham Thompson & Co. C M Y K C M Y K BUSINESS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM B ahamas when addressing the challenges a nd opportunities arising under the Economic Partnership Agreement (EPA deal between CARICOM and Europe. With the discussions with the European Union on this agreement (the EPA cially as it relates to services, what needs to happen is while each industry has its u nique needs there needs to be a conc erted effort to ensure that the discussions h appen on a nationalistic perspective and not on an individual industry perspective, said Mr Rolle, who spoke to Tribune Business during a technical workshop on the EPA organised by the Chamber in conj unction with the Caribbean Export Develo pment Agency (CEDA com Secretariats EPA ImplementationU nit. M r Rolle has now begun contacting industry associations and societies to gauget he level of enthusiasm for the coalition. He so far feels that there is more interest in 2010 than when he left the presidency of the Chamber in 2005. I dont think the business community was ready for it back then. What you are s eeing now, though, is that business pers ons, not only from a negotiating standp oint as it relates to international agreements, but also here from a position of lobbying for certain things, are seeing the benefit, Mr Rolle said. So we have started that process. We h ave put together some documents, and I a m identifying all the various service organisations we need to reach out to and then well move forward. He added that it was likely that a number of new professional organisations representing services in the Bahamas will need to be formed, with some currently unrepresented. C oalitions of Service Industries already exist in Caribbean countries such as Trinidad and Tobago, Barbados and St FROM page one Cable/URCA FROM page one RENEWED FOCUS ON SERVICES COALITION S EE page 6B

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*HQHUDORQWKHWKGD\RIRYHPEHU 'DWHGWKHWKGD\RI'HFHPEHU &DURO**UD\ /LTXLGDWRURI (;;2102%,/(;3/25$7,21$1''8&7,21 .$5$($f/,0,7(' ( ;;2102%,/(;3/25$7,21$1''8&7,21 %$5(176($f/,0,7(' 1 27,&( 3 XUVXDQWWRWKHSURYLVLRQVRIHFWLRQfRIWKH ,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV LVKHUHE\JLYHQWKDWWKHDERYHQDPHG&RPSDQ\KDV E HHQGLVVROYHGDQGVWUXFNRIIWKHHJLVWHUSXUVXDQW W R D &HUWLFDWHRI'LVVROXWLRQLVVXHGE\7KHHJLVWUDU *HQHUDORQWKHWKGD\RIRYHPEHU DWHGWKHWKGD\RI'HFHPEHU &DURO**UD\ /LTXLGDWRURI (;;2102%,/(;3/25$7,21$1''8&7,21 %$5(176($f/,0,7(' (;;2102%,/$%8'+$%,*$6(1785(6 / ,0,7(' 127,&( 3 XUVXDQWWRWKHSURYLVLRQVRIHFWLRQfRIWKH QWHUQDWLRQDO%XVLQHVV&RPSDQLHV LVKHUHE\JLYHQWKDWWKHDERYHQDPHG&RPSDQ\KDV EHHQGLVVROYHGDQGVWUXFNRIIWKHHJLVWHUSXUVXDQW W R D &HUWLFDWHRI'LVVROXWLRQLVVXHGE\7KHHJLVWUDU *HQHUDORQWKHW KGD\RIRYHPEHU 'DWHGWKHWKGD\RI'HFHPEHU & DURO**UD\ /LTXLGDWRURI (;;2102%,/$%8'+$%,*$6(1785(6 /,0,7(' Lucia, acting as alliances of professional services associations and organisations, and becoming focal points for lobbying and addressing t rade in service issues and services development. Trinidad and Tobagos Coalition of Services Industries (TTCSI lowing among its objectives: P roviding national service p roviders with knowledge of e xport opportunities; identifying and exploiting market opportunities; promoting the further development and competitiveness of the national services sector; supporting and facilitating the d evelopment of industry s tandards; educating nationa l service providers on relevant aspects of trade agreements that affect trade in services; and representing t he interests of the national s ervices sector, including lobbying government and promoting rules for trade in services. Such a coalition in the Bahamas would be able to a ct as an intermediary b etween organisations that are seeking to promote the development of Bahamian service suppliers, who may b e facing new opportunities o r commercial hazards under the EPA and the liberalisation of trade in goods and services that it brings. A number of entities, such a s CEDA, are administering programs to help build the capacity of businesses in the Caribbean to compete in the region and in Europe, but some service suppliers i n the Bahamas have comp lained they are not getting access to information that might allow them to take advantage of such issues. C arlos Wharton, a senior t rade policy officer with CEDA, advised during the EPA workshop that if a Bahamian coalition of serv ice industries is formed, s takeholders would be wise to ensure that any such coalition has private as well as public financial backing. He noted a very worrying drying up of financial s upport for such coalitions h as taken place in other countries, where they were primarily funded by governments in the Caribbean, t hreatening their existence. Renewed focus on Services Coalition FROM page 5B

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C M Y K C M Y K BUSINESS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 'U/LX=HOLQ/HRf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chedules (AnnexedSigned: increases had failed to produce the desired r evenue bump, Mr Laing said: I would say that that would only be possible if someoneh ad undertaken a detailed analysis of how tax revenues performed on all fronts. No one is in a position to say that. That would not be a rationale argument. In the first quarter of the fiscal year, revenue performancei s hardly a reflection of anything attributable to a tax policy. Its too early; too short a time, e specially in the economic circumstances in which we find ourselves. Mr Laing said the global economic climate had been impacting on other governments revenue collections as well as the Bahamas, buta dded: I know for a fact on the Excise Tax s ide of things that revenue is performing ahead of last year. Its up slightly, $2-$4 million ahead according to the last figures I saw. That is one area where tax increases were levied. Mr Laing pointed out that other quarters w ere traditionally stronger than the first for the G overnment when it came to revenue generation, adding: It doesnt follow that the new tax policy hasnt been working. The Government, he added, had been conducting fiscal analyses on a regular basis, assessing where it was constantly in terms of revenue collection and identifying collection and target gaps. Analysing why the Governments fiscal d eficit in the 2010-2011 first quarter had w idened, the Central Bank said higher debt servicing payments and goods and services spending increased total expenditure by $14.2 million or 3.8 per cent to $382.7 million, although capital spending fell by 1.7 per cent to$ 36.9 million. Net lending also dropped by 2 8.2 per cent to $8.1 million. W hile total revenue receipts rose slightly by $3.4 million or 1.3 per cent to $271.2 million, due to what was described as a timing-related increase in non-tax collections by 29.1 per cent to $29.9 million. R ecurrent spending was up by 5.63 per cent t o $337.8 million, while import/Excise duty collections fell 2.63 per cent year-over-year to $136.4 million, compared to $140.1 million the year before. The Government is relying on the $210 million Bahamas Telecommunications Company( BTC) sale proceeds to reduce the fiscal deficit t his year and pay down debt. FROM page one oo early to sa tax policy failed

PAGE 26

the Utilities Regulatory & Competition Authority (URCA it estimated that total industry revenues had grown by 3 per cent based on estimates and financial figures it had collected from industry licencees. Acknowledging that this growth rate was slower than that achieved by the Bahamian electronic communications industry in the period 2003-2007, URCA added: It should be noted that during 2009, the Bahamas real gross domestic product (GDP contracted by 4.3 per cent, largely due to the effect of the global economic slowdown on tourism. The growth in the sector revenue, therefore, surpassed growth in the general level of economic activity in the Bahamas. Based on financial statements recently issued, some $361 million of those revenues were generated by the Bahamas Telecommunications Company (BTC audited statements, with much of the rest coming from Cable B ahamas. Elsewhere, of the 121 new licences granted by URCA in 2009, some 27 were for use of additional radio spectrum, eight were operating licences, and the remainder 89 reciprocal amateur licences. Of the 28 licences not granted, their applications were pending. Apart from BTC, Columbus Communications and Caribbean Crossings, URCA also revealed that in 2009-2010 it had granted a licence to another international connectivity provider, Global Nexus Telecommunications, which is proposing to build and operate a submarine cable with a landing in Freeport, Grand Bahama. The sector regulator, seemingly excluding callback and Voice over Internet Protocol (VoIP share of the Bahamian fixed-line voice market at 98 per cent, with Systems Resource Group (SRG having the remainder. F ixed-line telephone services were said to have a market penetration of 37.74 subscribers per 100 persons, a ratio that compares favourably with most countries in a benchmarking sample, apart from Bermuda and the Cayman Islands, where the ratios were 88.96 and 67.69 per 100 persons respectively. Fixed-line service prices had remained stable for five years, with BTCs residential access charge at $15 per month ($12 for elderly residents), and business access at $36 per month. BTCs long distance call rates ranged from $0.47 per minute to the US, to $0.66 for the Caribbean (excluding Cuba $0.85 for Cuba and nations outside the Caribbean/North America. BTC and SRGs Voice over Internet packages provided for rates ranging from $9.95 to $34.99 per month. On the cellular side, penetration was relatively high despite BTCs monopoly, with 105 phones per 100 inhabitants. This figure, though, was well below all others in URCAs sample, with penetration as high as 178.16 phones per person in Anguilla. Elsewhere, on the broadband Internet side, penetration by the likes of BTC, Cable Bahamas and smaller Internet Service Providers (ISPs subscribers per 100 persons. That figure, according to URCA, was comprised of 12.6 cable subscribers per 100 persons, and 5.88 DSL (BTC 100 persons. These penetration figures, though, ranked the Bahamas behind the likes of Barbados, Bermuda, St Kitts, Singapore and New Zealand. And, finally, on pay television services, the penetration in the Bahamas was found to be 22.95 subscribers per 100 persons. Meanwhile, URCA said it expects to decide this month on whether Cable Bahamas has complied with its obligation to separate its cable TV and Internet services, as well as complete its review of the BISX-listed company and BTCs accounting separation and cost accounting reports. These are required under their Significant Market Power (SMP URCA also plans to make a decision on BTCs Reference Access and Interconnection (RAIO quarter. For 2011, URCA is budgeting for just over a 9 per cent increase in operating spending to $5.285 million, compared to $4.835 million for this year, with operating expenditure to increase by $278,000. Rent and utilities have increased from 2 per cent to 8 per cent of budget, due to URCAs move to expanded offices in premises owned by UBS (Bahamas Staff costs have increased by three percentage points to 33 per cent of URCAs budget, with another 34 per cent to go on professional services. This includes $650,000 for regulatory advice, $262,000 for legal fees, and $131,000 for human resources, with URCA attributing these spending needs to the fact it is a relative newcomer as a regulatory agency. C M Y K C M Y K BUSINESS PAGE 8B, MONDAY, DECEMBER 13, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM FROM page one Communications sector revenues (MRA This is required before engineers from both regions, including the Bahamas, can sell their skills in each other's markets. By doing so, engineers will become the first Bahamian profession to take steps towards achieving mutual recognition for themselves in Europe ahead of the implementation of the EPA, which is intended to ease access for CARICOM states goods, services and professionals into the European market and vice versa. In a technical workshop on the EPA held at the Sheraton Nassau Beach Resort, Allyson Francis, a services and investment specialist with the Office of Trade Negotiations (OTN retariat, highlighted 29 service areas whose inclusion in the EPA services schedule, she said, indicates that the European Union (EU "encouraging" involvement by Bahamian professionals in those fields in Europe, subject to certain conditions. These fields include: legal advisory services with respect to international public law and foreign law (i.e. non EU-law bookkeeping services; taxation advisory services, architectural services; urban planning and landscape architecture services; engineering services; integrated engineering services; medical and dental services; veterinary services; midwives services; services provided by nurses, physiotherapist and paramedical personnel; computer and related services; research and development services; advertising services; market research and opinion polling; management consulting services; services related to management consulting; technical testing and analysis services; related scientific and technical consulting services, maintenance and repair of equipment, notably in the context of an after-sales or after-lease contract; chef services; fashion model services; translation and interpretation services; site investigation work; high er education services (only privately-funded vices; travel agencies and tour operator's services; tour guides services; entertainment services other than audiovisual services. The terms of the agreement also allow for European professionals to supply contractual services in these areas in the Bahamas, subject to eight conditions, which include the need to have a university degree and other necessary professional qualifications except in the case of chefs, fashion models and entertainment service suppliers and the demand that the professional involved does not have a contract to operate in the country for over a year. The agreement also demands that the service supplier cannot receive payment for any oth er services other than those he or she came to Europe or the C aribbean to supply. Under the services schedule of the EPA, which is available on the Engineers in move on EPA recognition FROM page one SEE page 9B

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C M Y K C M Y K BUSINESS T HE TRIBUNE MONDAY, DECEMBER 13, 2010, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.261.00AML Foods Limited1.011.010.000.1500.0406.73.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6 .184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.4610.460.001.0500.31010.02.96% 2.842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1 6.856.850.000.4220.26016.23.80% 3.651.63Consolidated Water BDRs1.791.800.010.1110.04516.22.50% 2.551.60Doctor's Hospital1.601.600.000.1990.1108.06.88% 6.995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.207.23Finco7.237.230.000.2870.52025.27.19% 11.408.77FirstCaribbean Bank9.399.390.000.6450.35014.63.73% 5.513.75Focol (S 5.465.460.000.3660.21014.93.85% 1 .001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 10.509.82J. S. Johnson9.829.820.000.9710.64010.16.52% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk Hi 52wk Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield B ISX 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: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%20 November 2029FRIDAY, 10 DECEMBER 2010BISX ALL SHARE INDEX: CLOSE 1,482.73 | CHG 0.01 | %CHG 0.00 | YTD -82.65 | YTD % -5.28BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 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%Last 12 Months %NAV 3MTH 1 .51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.56681.4954CFAL Money Market Fund1.56974.15%4.18%1.551550 3.20252.8522Royal Fidelity Bahamas G & I Fund2.7108-13.03%-4.96% 13.638813.0484Royal Fidelity Prime Income Fund13.2825-0.63%-0.14% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.13671.0000FG Financial Preferred Income Fund1 .13674.30%5.21% 1.09741.0000FG Financial Growth Fund1.09742.75%6.87% 1.13631.0000FG Financial Diversified Fund1.13634.18%5.78% 9 .74859.1005Royal Fidelity Bah Int'l Investment Fund Principal P rotected TIGRS, Series 19.79504.85%5.45% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6417-1.20%0.50% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.6635-3.37%-3.37% 8.16434.8105Royal Fidelity Int'l Fund Equities Sub Fund7.94422.94%6.47% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 ( S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200730-Nov-10B ISX Listed Mutual FundsNAV Date 30-Nov-10 31-Oct-10 30-Nov-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 242-502-75253 0-Nov-10 30-Sep-10 30-Sep-10 3-Dec-10 3 0-Nov-10MARKET TERMS31-Oct-10 NAV 6MTH 1 .475244 2.911577 1.532712 107.570619 105.776543 30-Jun-10 3 1-Oct-10 30-Nov-10 30-Nov-10 G N-1148OFFICE OF THE PRIME MINISTER S igned:Schedule (Annexed website of the Caribbean Regional Negotiating Machinery, terms also exist under which other categories of people, defined as "independent professionals", "graduate trainees", "key personnel" and "business service suppliers" in various fields can enter into countries in the two regions to sell their skills again subject to a number of terms and conditions. The EPA speaks to the requirement for professional private sector bodies in Europe and the Caribbean to enter into negotiations regarding the terms and conditions under which they will accept each others nationals, who may provide a particular service, such as accounting, to enter their market. The MRAs are to address the method of accreditation in a given country, seeking to ensure an easier method of accounting for the level of education and capacity of a professional in a particular field should they come seeking to provide services in another jurisdiction. The intention is that the MRAs would be negotiated and finalised through discussion between professional bodies within various countries, or representing the region as a whole hence the need for Bahamian and other Caribbean engineers to meet with the European Federation of National Engineering Associations, a body which incorporates Europe-wide pro fessional engineering organisations. Such MRAs are another m ove towards greater formalisation and regulation of standards governing particular professional services, such as accountants, engineers and architects, in the Bahamas. Without such formalisation of standards, such professions will be in a weak position when it comes to s peaking with their European counterparts about who should and should not be permitted to come to the Bahamas to operate in these fields. Other service suppliers have been encouraged to form professional associations to begin discussing accreditation of prof essionals in their service area. With tourism one of the key areas in which it is expected Bahamian professionals may be able to benefit from the EPA with Europe, Winston Rolle, executive drector of the Bahamas Chamber of Commerce, said going forward the f ormation of a professional association by such individuals should be a priority. "Tourism can cover so many things anything from a bellman to a marine biologist but I would imagine most of the interest you would be getting wouldb e more from people in management, and so obviously t heyre going to have to get together to help craft their crite rias," said Mr Rolle. F ROM page 8B E ngineers in move on EPA recognition


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