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 C M Y K C M Y K V olume: 107 No.4THURSDAY, NOVEMBER 25, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER BREEZYWITH SUNSHINE HIGH 85F LOW 72F By CELESTE NIXON Tribune Staff Reporter A N ANGRY crowd of straw vendors yesterday declared war on the Gov e rnment over its proposed policies for the new straw market. Minister of Public Works a nd Transport Neko Grant, o utlined the new rules dur ing a speech yesterday at the Straw Market roof-wetting ceremony. Reacting to Mr Grants revelations of rent hikes and the banning of counterfeitg oods, among other stipulations, president of Straw Business Persons Associa tion Esther Thompson branded the Government a joke and warned ministers: Get your act together the war is on. She and about a dozen other vendors approached the press immediately afterM r Grants speech to voice their disapproval with the new regulations. I n the new market, Mr G rant said only Bahamian goods will be sold, counter feit products will be completely prohibited, vendorl icenses will be restricted to Bahamian citizens, and rental charges will rangef rom $200 to $250 per month, $46 to $58 per week or $6.50 to $8.20 per day. The new guidelines and p olicies are expected to a ssist in the more effective and efficient management of the new Bay Street straw m arket, said Mr Grant. But Mrs Thompson declared the vendors inten t ion to defy the new rules, Vendors vent their anger over govt policies for new market McCOMBO OF THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM STRAW WARS YOURSOURCEFOROBITUARIES N N O O B B O O D D Y Y B B U U T T N N O O B B O O D D Y Y B B E E A A T T S S T T H H E E T T R R I I B B U U N N E E I I N N S S I I D D E E T T O O D D A A Y Y C C A A R R S S ! C C A A R R S S ! C C A A R R S S ! L L O O A A D D S S O O F F J J O O B B S S A A N N D D H H E E L L P P W W A A N N T T E E D D ! T T H H E E T T R R I I B B U U N N E E S S C C L L A A S S S S I I F F I I E E D D S S T T R R A A D D E E R R SEE page 12 THANKS TO the charity of family, friends and complete strangers following the publication of his story in The Tribune Kadin Finley, an infant burdened with a massive, and ever enlarging, growth, can finally afford the necessary med ical treatment. One-year-old Kadin and his family will soon be taking the first step towards combating the con dition that has dom inated his physical development since birth. Kadin was diagnosed by doctors at Princess Margaret Hospital with the rare condition known as KlippelTrenaunay Syn drome or KTS, which cannot be treated in the Bahamas. KTS is a congenital circulatory disorder characterised by abnormal benign growths on the skin, consisting of masses of blood vessels. Medical sources indicate that the condition is progressive and can lead to life-threatening complications such as inter nal or external bleeding, or even heart failure if left untreated. Kadin's mother, Arnette Finley, told this newspaper in a previous interview that her son was born with a slightly enlarged arm and chest. Over time the growth grew larger, becoming a physical burden to Kadin and a financial one for his family. But without health insurance or any other source of money available, family members were concerned that they might not be able to afford to get him help abroad. Since September, when Kadins story first appeared in The Help for little Kadin after T ribune story T REATMENTCOMING: L ittle Kadin Finley. THETRIBUNE featured Kadins story in September. SEE page 13 By PAUL G TURNQUEST Tribune Staff Reporter firstname.lastname@example.org A GOOD Samaritan saved the lives of two young children yesterday when it appeared that their mother attempted to burn them alive early yesterday morn ing. Shortly before 9.30am, an anonymous caller informed By NOELLE NICOLLS Tribune Staff Reporter email@example.com LONG Island residents are mourning the death of mur dered mother-of-two Shande Cartwright. Shande, 22, was stabbed to death on Monday night in Adelaide Village. The first reports received by the police said she was attacked by two armed men near a beachfront TROUBLE is continuing to brew in three key constituencies for the PLP where new candidates are slated to run for the party in the next Gen eral Election. In South Beach, where Myles Laroda seems set to gain the partys nomination, PLP sources explained there is a growing feud between supporters of the former PLP candidate Wallace Rolle and Mr Larodas new team. By TANEKA THOMPSON Tribune Staff Reporter firstname.lastname@example.org ONE million of the $8 mil lion allocated to train Bahamian contractors and tradesmen who will work on the $2.6 bil lion Baha Mar project will be made available this week, said Labour Minister Dion Foulkes. The senator said this repSEE page 13 SEE page 10 MOTHER IN APPARENT ATTEMPT TO BURN HER CHILDREN ALIVE MURDERED MOTHER OF TWO MOURNED ON LONG ISL AND TR OUBLE BREWING IN THREE KEY PLP CONSTITUENCIES SEE page 11 SEE page 11 BAHA MAR CONTRACTORS TO RECEIVE $1M FOR TRAINING THIS WEEK ABOVE: Straw vendors, including president of Straw Business Persons Association Esther Thompson, spoke out yesterday. LEFT: Minister of Tourism Vincent Vanderpool-Wallace speaks at the roof wetting ceremony at the new straw market building site yesterday. Tim Clarke /Tribune staff
By AVA TURNQUEST Tribune Staff Reporter email@example.com ANGERED by what has been described as unbearable traffic conditions, motorists are calling for greater coordination between public service agencies and consistent maintenance of traffic signals. Bahamas Electricity Corporation (BEC named as the cause for the extreme traffic delays on Shirley Street on Tuesday which had severely affected motorists and business owners on Monday. Traffic was reduced to a near stand-still as BEC workers and their equipment created a bottleneck on the two-lane street. One Shirley Street business owner said: The whole island was screwed up yesterday because they wanted to changea pole at 9am in the morning. So they took their time on a very busy day and also decided to trim trees? For six hours they had traffic backed up its ridiculous. If they were going to do something, why was there no coordination with the Works and Public Transport? The business owner added: They just cant disrupt traffic on a street like this with no sort of planning. Ambulances have to come past here, the prison vans, it was just pure havoc with only one lane. The police had to eventually come and tell them to move their trucks as it was getting nearer to the time for the prison bus to come through there was no space for people to get out of the way. In addition to the high concentration of traffic due to widespread roadworks, residents and business owners heading to and from the eastern part of the island claim malfunctioning traffic lights make an already strained situation unbearable. During the evening rush hour, motorists claim nearly two hours of traffic delays have been added to their normal travel time. One motorist said: Im sick and tired of reaching a main intersection and having the lights off. Its a wonder we dont have more accidents than we do nowadays. Major areas highlighted were lights at the intersection of Village Road and Shirley Street, and the ones on East Bay Street right before the Montagu ramp. In July, the malfunctions were largely attributed to load shedding being conducted by BEC. Officials from the Ministry of Public Works and Transport explained that the lights automatically switch to "flash mode" whenever there is a power surge, as a safeguard against electrical damage. Motorists in the capital then, said they were fed-up with the inconsistency of traffic lights, they feared malfunctions would only increase as the country moved into the second month of the rainy season as heavy rain was also noted as a possible contributor. Another motorist added: None of the lights in Nassau work, weve hired a company to come and fix the lights but they cant fix the lights because they say BEC cant keep the power on to run the lights. I dont understand how in a country that considers itself ahead of the rest of the Caribbean we cant even have traffic lights that work. Requests for an update on the status of traffic lights in the capital were not returned up to press time yesterday. As there is a mobile maintenance team of private contractors who are responsible for providing maintenance and repair to traffic lights, the public is encouraged to report downed lights to 302-9700, a line at the Ministry of Public Works and Transport. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM %*&6( 5HJLVWUDWLRQ'HDGOLQHRYHPEHU,167,787()%86,1(66$1'&200(5&(7 IN addition to bringing in at least $8 million in work permit fees for the public treasury, the presence of the expected 8,000 Chinese workers on the Baha Mar project will result in manys pin-off opportunities for Bahamians, FNM Senator Frederick McAlpine told the Senate yesterday. Bahamians are also guaranteed to reap some of the eco nomic benefits. These persons will need places to stay, they will buy groceries from our grocery stores, they will eat in our restaurants as we eat shrimp fried rice, and theyll eat chicken in the bag and our crack conch. They will ride in our taxis and o n our jitneys. Madam President, they will visit our drug stores, liquor stores, rent cars and perhaps purchase bicycles. They will be with us until the project is completed. Madam President, mightI also add that the Chinese that are coming, but 80 per cent of their pay cheque stays in China, they only get 20 per cent of their salary while in the Bahamas. So I would assume that most of them will return home in order to collect the 80 per cent for their labour, he said. S enator McAlpine said the public can be assured that the government will do due diligence in ensuring that all foreign w orkers have been returned to their place of natural birth, and we thank them in advance for doing so. PROSECUTORS have indicated that they intend to proceed with a voluntary billof indictment in the case of four men charged in Februarys home invasion and shoot-out in Coral Harbour. Brothers Derek and Jermaine Stuart, 37; Kelvin Cooper, 35; and Jeffrey Wil son, 55, have been charged in connection with the incident. The men are accused of conspiring to commit the armed robbery of Georgette Butler on Thursday, Febru ary 18. They are also charged with breaking into Ms Butlers home and, while armed witha handgun, robbing her of $30,000 worth of assorted jewellery, $1,650 cash and a Dell laptop computer valued at $1,900. The men were initially arraigned on the charges in May and are on bail. They are represented by attorneys Geoffrey Farquharson and Murrio Ducille. Prosecutor Sandra Dee Gardiner informed Magistrate Derrence RolleDavis that the Crown was proceeding by way of Volun tary Bill of Indictment in the matter. The matter has now been adjourned to December 13 when the indictments will be presented. HOME INVASION CASE SET FORV OL UNT AR Y BILL OF INDICTMENT Motorists angry at traffic conditions Presence of 8,000 Chinese workers will result in spin-off oppor tunities f or Bahamians BEC REPAIRS caused severe traffic delays on Shirley Street t his week.
EDITOR, The Tribune. THE door has been open for m any of you to explore and to take advantage of the treasure t hat God has given you and yet some seems to be shut to it. There are some unexplored treasures and talent in you that the enemy doesnt want you to see. Now its up to you to find what they are and use them. Yes some of your eyes are filled with tears, but let them be tears o f joy just to know that the time has come for you to be the eagle you were born to be. Right now there are some nay-sayers around you. There are some around you who think they know it all and want to dictate to you. This is just a way of keeping you at a standstill. S ome people have lost their Eagle instant. They have become a chicken and they have lost their w ay. Freeport, this is the most glorious time of your life. Dont be a complainer or a murmurer. Rejoice and give God thanks. Yes you may have made up your bed on some of the jobs but let me encourage you to pick it up. Yes you may have a mortgage or car loan to pay off and children are in school. My question to you is, who give you these things.? I would think its God, so He will not allow them to be taken away. Ive been there, sat in the same boat andh ad to swim and paddle my knees. Eventually I was able t o get abroad a little boat then a mid-size boat, then God saw my faith and put me on a ship where I am the Captain. Stop complaining and pray and give God thanks. Ask Him to put more strength in your wings and rise up like phoenix then sore like an Eagle. I have n ever seen so many faithless pastors in all my life time like I have seen lately on TV. These are the same pastors who stand up in the pulpit and preach on how to have faith in God, how He will provide, how He is our El Shaddi and Jehovah Jireh, how the righteousness was not f orsaken nor his seed begging bread. Yet some are helping to add to the hopelessness the people are feeling. In Numbers 13: 17-33 these so-called men or shepherds are talking just like the sons of Anak in verse 33. The only things they can see are the giants in the land and the peo ple like grasshoppers. Pastors where is your faith. Dont you know that God sometimes moves us out of our comfort zone because he has a greater plan for our lives and some of us have been asking Him. The Bible says in Psalm 37:25, I have been young and Ih ave been old, yet I have not seen the righteous forsaken nor h is seed begging bread. Again, where is your faith Pastors? God is the provider and some of the peoples best days are ahead of them. A field of bless ing has been open to those people. Dont be like the chickens of this world. The only thing they are good for is to make n oise and cross the road. I pray that the people who are going through this change and who have lost their jobs look not to man, but keep their eyes focused on the God of their salvation and soar as Eagles. This is an opportunity that you may never see again. H ow you handle it, is what matters most. May I tell you that in getting up and brushing off, there are some friends and acquaintances sitting beside you waiting for you to hit the dust. David said in Psalm 61: Hear my cry, O God, attend unto my prayer. Go forth; walk into your greatest day and oppor tunity. Its like sand on the sea shore. Your spirit is down but there is a phoenix in you to rise up. May I borrow a few verses from the beautiful hymn: Through all the changing scenes of life, in trouble and in joy, the praises of my God shall still my heart and tongue employ. Oh, magnify the Lord with me, with me exalt His name; when in distress to Him I called, He to my rescue came. What the devil meant for bad, God can surely turn it around and make it good. B BULLARD Nassau, November, 2010. EDITOR, The Tribune. The Environmental Ministry and Bahamas National Trusts hould hang their heads in shame for supporting the dredging of almost nine acres of protected seabed in the Exum a National Land and Sea Park. Not only did these environmental agencies agree to violation of the world's oldestm arine park, their relationship t o the developer, Prince Aga Khan, during the decision maki ng process has also come into question. T he apparent lack of con cern over the consequences of d redging is astonishing, especially given that rising sea temperatures are threatening the very survival of reefs worldwide. W hat impact will the silt from the dredging and run-offf rom land development have on the numerous fragile reefs s prinkled throughout the area? Its estimated that 10 to 27 per cent of coral has perished w orldwide and 40 per cent may disappear this year. In the Exuma Cays, some of the once magnificent reefs are already bleached white and covered ina brown growth. Coral reefs are believed to host perhaps a quarter of all marine species, including an abundance of fish, and are vital to our tourism and fisheries industries. I ndeed, they are our prime f ood source! Exuma tour boat operator Raymond Lightbourn has complained that the bar earmarked f or dredging is home to hundreds of baby conch along withs tingrays. Mr. Lightbourn said there is a lready a 225' deep water dock at the princes Bell Island with a 130' angle branch. What more does the prince need for a private residence? I understand the National Trust enraged residents during a town meeting in George Town, Exuma, as it was felt by some that it had already made up its mind to support thed evelopment. Whats even more ludicrous is The Trust, while supporting the princes plans, is the vehicle t hrough which park laws are strictly enforced on locals. It is against the law to take a single fish, shell or piece of driftwood from the park. N o-one is allowed to light a c amp fire to grill a hotdog or hamburger, let along dredge a p rotected seabed! As Exuma tour operator P atterson Smith told the town meeting: Its not only about dredging, its about the park being a no-take zone. But if we cant touch it, why is this one man who is using the island for funa llowed to do so? Indeed,why? Q uis custodiet ipsos cus todes? ATHENA DAMIANOS Nassau, O ctober 31, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master L EON E. H. DUPUCH, Publisher/Editor 1903-1914 S IR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. P ublisher/Editor 1972Published Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama W EBSITE www.tribune242.com updated daily at 2pm BEIJING When North Korea tested a nuclear device last year, China issued bland criticism and urged Pyongyang to resume d iplomacy. After a South Korean navy ship was sunk, most likely by a North Korean torpedo, Beijing sent its sympathies but calledt he evidence inconclusive. Now that North Korea has unleashed an a rtillery barrage on a South Korean island that killed four people including two civili ans and raised tensions in the heavily armed region, Beijing again appears unwilling to rein in its neighbour. For all China's growing international might, its tolerance of North Korea's wayward behav i our shows how differently Beijing sees the world or at least its corner of it. There is zero chance of China, either in open or in private, putting major substantive p ressure on North Korea," said Shi Yinhong, professor of international relations at Beijing's Renmin University. A s impoverished North Korea's most important diplomatic ally and source of crucial f ood and fuel assistance, China holds the sort of influence that could bring Pyongyang to h eel. But keeping the region stable so that China may continue its upward trajectory is the Chinese leadership's No. 1 priority. If that means putting up with the occasional North Korean provocation, experts say, so be it. Chi na has reasons to worry if the current, tenuous peace dissolves. It lost an estimated 400,000 troops in the 1950-53 Korean War. Another conflict or a meltdown of North Korea's dict atorship could send hundreds of thousands of North Koreans across the border, burdening Chinese provinces that only in recent years recovered from painful restructuring of the planned economy. Worse, a South Korean victory would bring to China's threshold a U.S. ally that hosts American military forces. Following Tuesday's bombardment, Beijing has so far shied away from calling North K orea to task. In its first written statement about the inci dent, China's Foreign Ministry said China feels regret about the loss of lives and property and urged all parties to avoid escalation and restart dialogue. The statement by spokesman Hong Lei said the relevant parties should "oppose any actions that harm the peace and stability on the p eninsula." While it said that China was worried about t he developments, it did not condemn either side. State media, the only media there is in China, maintained a mostly studied neutrality, describing the skirmish as an exchange of fire. "China is very much concerned with the p eace and stability of the Korean Peninsula, as both the Republic of Korea and the Democr atic People's Republic of Korea (DPRK China's close neighbours," the Xinhua News A gency quoted Zha Peixin, a member of the legislature's foreign affairs committee, as saying. China's strategy to steady North Korea has exacted costs. Beijing's refusal to criticise North Korea after the sinking of South Korea 's naval corvette, the Cheonan, in which 46 sailors died, offended Seoul, a key investor and trade partner which had been drawingc loser diplomatically. In the United Nations, China shielded North Korea from punishmento ver the incident. China's protection of North Korea at times s eems so unreasonable that it adds to misgivings among Japan, Vietnam and other nations already upset over Beijing's more forceful assertion of its territorial claims in the East and South China seas. R elations with Washington may suffer too, just two months before Chinese President HuJ intao wants to pay a pomp-filled state visit. President Barack Obama has called upon Beij ing to restrain its ally. State Department spokesman P.J. Crowley said U.S. diplomats had delivered a message to China that it was pivotal" to changing North Korea's behaviour, adding that Beijing has a responsibility to m ake it clear to Pyongyang that deliberate attempts to inflame tensions with Seoul are n ot acceptable. Yet far from backing away from Pyongyang, China has in recent years doubled down on its support. As Japan, South Korea and others have reduced trade and aid in recent years in response to North Korean nuclear and missile tests, China has stepped up deliveries of food and other assistance. China accounted for half of all North Korea's imports and took a quarter of its exports in 2 008, according to the U.S. Congressional Research Service. That was before the North's relations with South Korea began souring, taking tourism and investment programmes with them. Politically, Beijing has upped its engagement too, sending a stream of leaders to Pyongyang and twice hosting reclusive North Korean leader Kim Jong Il this summer. The first trip came weeks after the Cheonan sinki ng. The second time came just before North Korea's Worker's Party held a rare conclave and then a nationwide pageant for the elevation of Kim's son, Kim Jong Un, as dictator-inwaiting. Chinese Politburo member Zhou Yongkang stood with the elder Kim during the festivities. The steadfastness of Beijing's support at the expense of its international image and r elations with Seoul and Washington have raised criticisms even in China that the North K orean tail sometimes wags the Chinese dog. Chinese officials and experts acknowledge the risk, saying Beijing's leverage is limited, given that it is unwilling to throw its economic heft. "Even if China tried to tell North Korea w hat to do, it's unlikely they would easily listen," said Gong Keyu, deputy director of the A sia-Pacific Research Centre at Shanghai's Institute for International Studies. ( This article was written Charles Hutzler, and Christopher Bodeen of the Associated Press). Shame on the Environment Ministry and National Trust LETTERS firstname.lastname@example.org China keeps pressure off North Korea Freeport, this is the most glorious time of your life
B y MEGAN REYNOLDS T ribune Staff Reporter email@example.com U NPRECEDENTED s uccess for the controversial film Children of God comes less than a year after the Bahamian homosexual love story opened the sixth annual Bahamas Interna t ional Film Festival. D irector Kareem Mortimer said he is amazed by the success of his first feature length film shown at m ore than 70 film festivals around the world this year and winning 13 coveted awards, as well as being shown across the United Kingdom on tour with the British Film Institute Lond on Lesbian and Gay Film Festival. Now Mr Mortimer is celeb rating a deal with the P hiladelphia company TLA R eleasing which has secured the rights to theatrical and home entertainment distri-b ution of Children of God i n North America and the United Kingdom. He said the award-winning drama will also be available commercially in 11 countries by March next year. We are so incredibly e cstatic, Mr Mortimer said. This is a huge achievement for a Bahamian film, a nd we will continue to bring o ther countries to the table w ith assistance from our sales agency as we regard our investors a main priority. So many films never get to see the light of day out side of small screenings, and we are happy to have a com m ercial product that we are working tirelessly to bring returns over the next few years. T LA Releasing regards the film as the most contro versial to emerge from the B ahamas, where screenings C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM t ftf ttff ttf %4+2674'*17)*6 2 ) 2 *M_IZMWNMZ[WVIT.I^WZQ\Q[U B y NOELLE NICOLLS T ribune Staff Reporter n firstname.lastname@example.org THE security guard questioned in connection with a sexual abuse allegation at Gambier Village Primary School has been released from police custody pending further investigations. Formal charges were not filed against him, said Supt Leon Bethel, head of theC entral Detective Unit. He was brought in and released pending the outcome of our investigation, said Mr Bethell. School administrators received complaints from three students that led to the removal of the security guard by the Mini stry of Education (MoE T he students claims came after the school conducted a series of workshops on i nappropriate behaviour. A fter further forums were conducted by t he Special Services Unit of the MoE, new complaints suggested there may be an incest problem in the community. The school is now conducting education seminars for parents in the community and preventative counselling sessions for stud ents. Hulan Hanna, assistant commissioner of police, said the police are working closely with the school to reassure students. He, along with Commissioner of Police E llison Greenslade and other top police officials, visited the school on Tuesday and spoke to students. There are so many young people troub led by incest, abuse in homes, neglect, a bandonment and marginalisation, said M r Hanna, speaking of the Bahamas in g eneral. M any children react to these hardships by adopting violent and deviant behaviour, and Mr Hanna said it is important to graba nd harness children at an early age, to show them alternate ways of expressing themselves before they fall into undesirable behaviour. Police release security guard questioned over sex abuse allegations Controversial Bahamian film enjoys unprecedented success SEE page 18
THEGrand Bahama Port Authority (GBPA Hutchison Port Holding Group (HPH donations to the islands Chamber of Commerce to assist with its economic development plan for Grand Bahama. On hand for the presentations on Tuesday were GBPA president Ian Rolle, HPH chief executive Gary Gilbert and Chamber president Peter Turnquest. The donations will be used to fuel the economic development plan for Grand Bahama,t hat has been undertaken by the Chamber. Our goal is to create economic activity and Im happy to say that this gesture indicates were not in this alone. Its wonderful for the island in that we have a number of forces joining together to create a positive thing for the island, Mr Rolle said. Mr Gilbert concurred whilst highlighting the essential role the Chamber plays within our society. We think that the Chamber of Commerce is an extra ordinarily important group here in Grand Bahama and we wanted to support them in every way because they bring business to our great city here,h e said. In recent weeks, GBPA had h anded-over its own economic development strategy to the Chambers economic development committee so that both groups could marry their efforts. Now with Tuesdays cheque d onations, the Chamber said it can proceed with an overall economic plan sooner than anticipated. This is very momentous. Todays donation signifies the unity of this community towards trying to create economic opportunities here in Grand Bahama, said Mr Turnquest. Certainly, with the support of these two organisations we believe that the Chamber will be in a position to complete its mandate to help bring economic development to the island and to complete our study and the work we need to do in order to make that hap-p en. Mr Turnquest further e xpressed pleasure at the level of support the donation signified. Both GBPA and HPH are good corporate citizens and by partnering together, we are certainly able to do much moret han anyone of us could do by ourselves, he said. C M Y K C M Y K LOCAL NEWS PAGE 8, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM .,'=&,7< JOINT DONATION TO CHAMBER Ian Rolle, GBPA-president (left son Port Holding Group (right Chamber of Commerce (centre GBPA AND HUTCHISON GROUP DONATE TO GRAND BAHAMA CHAMBERS ECONOMIC PLAN
THE Rotary Leadership Institute, Sunshine Division returned to Nassau in early October to continue three leadership courses for approximately 40 Rotarians over a two-day period, having kicked off the first set of courses in February of this year. Rotary is one of the oldest service organisations in the world with just over 1.2 million members. Rotarians work locally, regionally and internationally towards such goals as combating hunger, improving health andsanitation, providing education and job training, promoting peace and eradicating polio; all under the motto, Service Above Self, said Mike Levitt, RLI discussion leader and president of the Rotary Club of Grand Cayman Sunrise. Mr Levitt teamed up with local RLI discussion leaders who included Rotary Bahamas training chairperson Carla CardStubbs, past Assistant District Governor Felix Stubbs and Assistant District Governor Charles Sealy II. Strategies to improve clubs and tools on becoming better leaders were highlighted while topics varied from The Basics of Rotary to structured programmes like Interact, Rotaract, World Community Service, Rotary Fellowships and the Rotary Foundation. The value of this training programme is multi-faceted and it is a great opportunity for Rotarians to learn about the inner-works of Rotary as well as to maximise our efforts to share and explore ways to build on what we have and also give backin a better way, said Mr Sealy. Ms Card-Stubbs along with her Rotarian husband Felix Stubbs are both past presidents of the Rotary Club of Nassau Sunrise and they agreed that the Rotarians leave energised and enthusiastic and they take their knowledge and apply it to make their Clubs better and also to help build stronger membership. Ms Card-Stubbs said she was excited that as a result of this session a group of Rotarians made up from the six Nassau Clubs formed a focus group to propose and pursue a joint project. Ten participants completed parts one through three of the RLI courses, thereby graduating from RLI. In the past year, Rotary Bahamas has been known for their strong work in Haiti as well as local community projects. The RLI said it seeks to have Rotary Clubs in member districts identify those Rotarians who seem to have the potential for future club leadership (not necessarily as club presidents) and provide those so identified with a quality education in Rotary knowledge and leadership skills for voluntary organisations. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The Mercedes-Benz C-ClassYour most enjoyable drive ever.T he Mercedes-Benz C-Class is a pleasure tobehold offering a new interpretation of d riving pleasure. Its taut lines lend it an air of effortless superiority while the wide radiator grille and distinctive rear section announce a vehicle with a real presence and dynamic personality. Few cars can compete with its ability to adjust so many facets of its character from the interior to the drive technology so quickly and precisely in response toexternal conditions and your own particular needs. The key to this flexible response is the standard-fit Agility Control Package which includes selective damping. The interior offers noticeably more space and a more distinctive atmosphere tosuit your taste. As you will see, the C-Class is the perfect embodiment of the Mercedes-Benz philosophy.Tyreflex Star MotorsWulff Road, P. O. Box N 9123, Nassau, The Bahamas, Tel 242.325.4961 Fax 242.323.4667OUR PARTS DEPARTMENT IS FULLY STOCKED WITH EVERY COMPONENT NECESSARY TO ENSURE THAT YOUR MERCEDES RUNS TROUBLE FREE. TRAINED TECHNICIANS ON DUTY. R OTARY N EWS Rotary leadership seminars return to Nassau
property known as The Farm. Police say they are at a crucial stage in the investigation. It is understood the man who was with her at thet ime of her death is cooperating with detectives in their investigations. Shande was graduated from NGM Major High School in 2005. A secretary at the school said: Everybody is sad, in total shock. She grew upa mong us and was just like a Long Islander. She was there from a small child. She was very intelligent, friendly and mannerly, always laughing, and she respected her elders. The school secretary recalled a time in Shandess enior years when she worked on a class project to fix a garden on the school compound. I could see her now running me down to bring back Gatorade from the store for when they were finished working. She would say, thank you, aunty, she said. Mary Cartwright, Shandes mother, expressed to her online friends: What can I say, my first pain and my best friend. Baby, how will I go on without seeing your magical smile, hearing that, oh so beautiful voice, singing to me and hearing you tell me everyday mommy I love you. Oh baby I miss you so much already I cant sleep, cant eat. I know you're at peace with God right now, but I promise you one thing my sweet angel, justice will prevail. Music fans in Nassau remember Shande from her Bahamian Idol performance. Expressing her condolences online, Andrea Turnquest, a friend of the family, said: Have my deepest sympathy Ms Mary! I know your daughter through Bahamian Idol. I used to sit down and watch her sing and enjoy myself. Some persons even ask me if she is my sister. She had a voice of an angel. I know its not going to be easy. God will comfort you and the family. I keep you in my prayers. I know you miss her like crazy. So sad, she gone too soon! Shande lived in Long Island from the time she was eight weeks old with her grandmother and two aunts. Prudence Cartwright, an aunt who lives on Long Island, said: Right now we are all upset. It is like a part of our body that is missing. We just hope they catch the person who did it. According to the family, Shande moved to Nassau just over a year ago and worked as a teller in the Palmdale branch of the Royal Bank of Canada. The Long Island family is now taking care of Shandes two young children a oneyear-old and a three-year-old. They moved to Long Island in September, around the same time Shande separated from her boyfriend, Douglas Pratt, according to her Aunt Prudence. He is the father of both children. At that time, the family said Shande was going through rough times financially, so they offered to keep the children for a little while. Prudence said the childrens father moved to the Exuma Cays around the same time, working in the construction field. She said he recently visited Shande in Nassau, and is still there. Mr Pratt could not be contacted for comment. The family is yet to explain the full meaning of Shandes death to her children. Prudence said: The oldest one says mummy is dead in the hospital, but I don't think she knows what dead means, because last night she asked if she could call her mummy. They are both hap py though, they are joyful, and the baby is only one year old. C M Y K C M Y K LOCAL NEWS PAGE 10, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Murdered mother of two mourned on Long Island FROM page one
In 2007, it was claimed that a very senior PLP general in the area openly campaigned against Mr Rolle resulting in an essential split of the partys vote in the area and ultimately causing the PLPs loss of the seat. However, with Mr Laro-da having some family ties to this same general, PLP insiders fear supporters of Mr Rolle may return the favour in the 2012 and possibly cause the party the seat once again. With this in mind, sources within the partys camp said supporters of Mr Rolle have started to back the partys other candidate for the areas nomination, Nurses Union President Cleola Hamilton. The second seat of contention will be the constituency of Carmichael, where party sources said PLPs are still a bit unnerved about how easy it was for Dr Danny Johnson to receive the partys nomination.With essentially every named candidate thus far having to have fought for his chance to represent the area, some within the organisation still feel slighted by the apparent ease with which Dr Johnson wasable to gain his nomination. In Kennedy, what had been thought to be a four-way race has boiled down to three candidates after Keith Bell has allbut officially withdrawn his name from the nomination. Attorney Derek Ryan has won the nomination from the constituencys PLP branch however, attorneys Dion Smith and Craig Butler are said to be the front-runners in the minds of the Candidates Committee in this ever-changing seat. Yesterday, a party source told The Tribune the party leadership has attempted to have Mr Ryan withdraw his nomination quietly. However, it is understood this will prove very unlikely. Our source said: Dion is a kind of guy who can hang and drink with the guys and that has worked for him in there. He is someone who has great ambition, but politically we do not know if he is there yet. The dark horse in all of this will be Craig Butler who has moved under the radar to position himself quite well, and I believe it will come down to Butler and Dion in the end. resents the seed money that will be given to the College of the Bahamas and the Bahamas Technical and Vocational Institute needed to start the training process and establish the various procedures and infrastructure needed to sustain the programmes. "The prime minister helped to significantly increase the number of the variety of jobs for Bahamians who (will on the Baha Mar project. A major training initiative for scores of Bahamians to the tune of $8 million, $1 million of which will be made available as soon as Parliament concludes its deliberation in the Senate today or tomorrow," the senator told the Upper Chamber yesterday. "Such training would have a ripple effect throughout the economy as workers leverage this training to take advantage of many other opportunities to use their new skills for many years to come." T he release of the first round of funding will allow the training of registered labourers to begin immediately, Mr Foulkes told The Tribune yesterday during the Senate's lunch break. A committee, representing Baha Mar, China State Construction, the Ministry of Labour and Social Development, the Bahamas Chamber of Commerce, trade unions, BTVI and COB officials, has been planning the training programme. Stephen Wrinkle, head of the Bahamas Contractors Association, yesterday welcomed the news stressing that a cash injec-t ion is immediately needed for BTVI to begin cosmetic upgrades needed before the start of training courses for Baha Mar. "I'd like to congratulate the ministry and commend the Government on making those funds immediately available for the training. That's wonderful news. We certainly need it, we need an injection of cash at BTVI immediately to help with classrooms, set up the lab so they can do the training for carpentry and masonry. The current facilities out there are outdated," said Mr Wrinkle. Persons who want to sign onto to the training programme should register with the Department of Labour's skills bank in Nassau or Freeport or at Baha Mar. Mr Foulkes added courses for some 7,000 Bahamians needed for full-time work at the resort are scheduled to begin nine months before the four hotels open. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM F ROM page one Baha Mar contractors to receive $1m for training this week Trouble brewing in three key PLP constituencies FROM page one
w hich drew cheers and a pplause from her supp orters. She said: Whatever could come through customs, that is what straw vendors are going to sell. And as for the new taxes( rent), taxes is supposed to be according to the ability to pay. The straw vendors contributed greatly to this c ountry. We feel like w henever the foreign i nvestors come, they get this, get that. When are the straw vendors supposed to benefit? Nyoka Judy Rolle, a straw vendor for moret han 35 years, said she agrees with, and supports, the prohibition of counterfeit products you cannot call yourself a straw vendor if you sell leather. However, the rental fees a re extreme, with most s traw vendors not maki ng enough money in this e conomic climate to pay such a high amount. The example was given t hat even with five cruise s hips in the harbour, few v endors have made more t han $20 for the day. How were they supp osed to survive with the introduction of the suggested fees? asked anoth er vendor. O thers expressed their d isapproval of the rules s aying that whatever products are brought through customs should be allowed to be sold. However, Mr Grant told The Tribune that the state o f affairs that exists in the Straw Market cannot continue in the new $11.2 million structure. With regard to the new rent fees, he said: "I'm advised that they pay n othing but National I nsurance and a business l icense fee since the straw m arket fire. That was the arrangement because they were u nder the tent but you'd a ppreciate we're building a world-class facility. We a re talking a mere $6 to $8 t o a day (in rent fees w here else on God's earth can you find space for that kind of money?" C M Y K C M Y K LOCAL NEWS PAGE 12, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Straw wars F ROM page one MINISTER of Public Works Neko Grant, Minis-ter of Tourism Vincent V anderpool-Wallace and Minister of State for Social Development Loretta Butler-Turner attend the roof wetting ceremony for the new downtown Straw Market yesterday. T im Clarke / Tribune Staff
Tribune relatives estimate that nearly $10,000 in donations has been raised through v arious efforts. In addition to assistance promised from the Department of Social Services, the family is scheduled to leave for the Mayo Clinic medical c entre in Minnesota, USA on Sunday. S heniqua Saunders, cousin t o one-year-old Kadin, said s ince awareness was raised of the infant's condition, the family has been overwhelmed by the outpouring of support from the community. Kadin will see specialists for the first time on Monday. Once there, he will complete a routine medical exam which c an take anywhere from five to eight business days. T he trip to the Mayo Clini c recommended by the B ahamian doctor who diagnosed Kadin's condition is likely to set the family back between $7,000 and $13,000 for the initial consultation, before travel and accommodation costs. M rs Saunders said: Theyre going to assess him, a nd once they do all the tests that they need to do, then they will make a decision with his mother and doctor as to what form of treatment t hey are going to take. Hopefully we dont have to go back because that is a long w ay to travel and a lot of m oney. P ast fundraisers include two concerts, various drives held by local businesses and taxi drivers, and a cook-out that was held last weekend. For their support of Kadins cookout, which was called a huge success, the family sought to recognise the contributions of a number of companies and individuals. These include: Wongs Rubber Stamp and Printing Co., The DAlbenas Agency, B ahamas Food Services, P hils Food Services, Caribbean Bottling Co., Purity Bakery Ltd, 3S Bakery, Thompson Tradings, Wendys, Johns Department Store, Kellys, Fashion Hall, B ahamas State Association o f Daughter Elks, Jackies P arty Line, Amour Affairs, Yellow Tail Charters, Ms MacDonald, Ms Ranger, Sister Margaret Turnquest, Cable Bahamas, Carla Anderson Hollis. If you would like to donate t o Kadin's medical fund, his a ccount number at the Royal Bank of Canada's Palmdale Branch is 7274269. If anyone wishes to contact the family to offer any other assistance, Mrs Saunders can b e contacted at S email@example.com. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 13 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM the police that a woman had been seen putting her infant child in her vehicle and setting it on fire. A ccording to Inspector Warren Johnson, a passerby saw what was happening, got his fire extinguisher, and extinguished the blaze. I nspector Johnson said that it appears that the m other had removed the fuel cap from the car, inserted a piece of cloth into the gas tank and ignited it. When the officers arrived they discovered theg ood Samaritan standing next to the vehicle with the child in his arms, Inspector Johnson said. However, when officers b egan to question persons n earby they realized that the womans other child had not b een accounted for. This is when the officers noticed smoke emanating from the mothers home directly in front of the s mouldering vehicle. Breaking their way into t he house, officers discove red that a pile of clothes had been set on fire. However, they could not find the older child in the home. A quick search of the n earby Haitian community found that the child, who p olice estimated to be between seven and nine y ears old, had escaped f rom the house when he s aw what his mother was a ttempting to do. The mother, believed to b e in her mid-thirties, has been taken into police custody on charges of attempt e d murder and attempted arson. The infant child, who was t rapped in the burning vehi cle, received minor injuries and was taken to hospital, treated, and later released. T he other child had no physi cal injuries. They both have b een turned over to the Department of Social Services. O fficers from the South Western Division are conducting this police investigation. Mother in apparent attempt to burn her children alive FROM page one FROM page one Help for little Kadin after Tribune story
JOE MORGAN, AP R AY LILLEY, AP G REYMOUTH, New Zealand Rescue teams were in full g ear and ready to begin searching for 29 missing miners when toxic gas levels suddenly increased touching off an explosion that dashed all hopes of a rescue, a lost miner's brother a nd police said Thursday. Prime Minister John Key declared the disaster a national tragedy, and across New Zealand on Thursday flags flew at half staff and many churches held services for people wanting to show respect for the mine rs. Wednesday's massive explosion deep inside the mine on New Zealand's South Island came five days after the men were caught underground by a similar blast and only hours after rescuers reported their first progress in the rescue attempt. A drilling team broke a narrow shaft through to the mine section believed to be holding the missing workers and two robots had crawled their way into the tunnel, providing the first view from inside the mine. "She was all go," said Geoff Valli whose brother Keith, 62, p erished in the mine. "There was going to be more than one or two (rescuers involved the rescue bid. "They explained just how close they were to going in. It was bloody scary. It could have been so much worse," he told National Radio. B ut when toxic and explosive gas levels suddenly worsened, the first attempt to enter the mine since last Friday's ini tial blast was scrapped. E ven in the unlikely event that any one had survived the first one, police said no one could have lived through thes econd. The blast was prolific," said police superintendent Gary K nowles, in charge of the rescue operation. "Just as severe a s the first blast." The grieving families, the company and political leaders have all pledged to retrieve theb odies of the missing men. M ourning father Laurie Drew was one of those pleading for their retrieval from the mine. "We are just hoping the conditions for the rescuers will allow them ... to recover everything for us. Hopefully it doesn 't drag on too long to get the closure that all the families really need, as well as myself," he said. His son Zen, 21, died in the disaster. Pike River Coal chief Peter Whittall pledged to the families that the top priority was recovering the men from the p it. "I still want them back and their families want them back and we'll be doing everything we can to make that happen. My love and support are with those guys," he said. Prime Minister Key warned it could take time to recover t he 29 bodies as there would have to be efforts to stabilize the mine before people could go in. "We know there are a number of options being explored to allow the bodies to be removed from the mine," he said. Key returned to Greymouth T hursday to meet with the grieving families to give them "comfort and support in probably their darkest hour." A series of inquiries, includi ng a formal Commission of Inquiry and police and coroner's investigations, are being launched into the tragedy overt he next few days. O n Wednesday, shortly after the second blast, Whittall told t he families a team had been getting ready to go underg round the families applauded, thinking that a rescue was about to start. "I had to wait till they s topped clapping to tell them .. that the second explosion occurred," Whittall said afterwards. C M Y K C M Y K INTERNATIONAL NEWS PAGE 16, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM &+5,670$66$/( /$6,(1'$6:HFDUU\DOLQHRIUHDVRQDEO\SULFHGNWDQGNW J ROGMHZHOU\VLOYHUSHDUOVDQGVWDLQOHVVVWHHO 6WDUWVRY New Zealand rescuers readied to go ahead of blast TENSETIMES: Mine blast survivor Daniel Rockhouse, center, is h ugging family memb ers following their briefing with police and company officals in Greymouth, New Z ealand, after visiting the Pike River coal mine, Monday, Nov. 22, 2010.
of Ang Lees Oscar-winning g ay drama Brokeback Mountain was banned in 2005. Children of God tells the stories of three very different individuals whose paths converge in Eleuthera. T he story of Lena, the c onservative, deeply relig ious wife of a secretly gay firebrand pastor, intertwines with that of Romeo, a handsome young black man hidi ng his sexuality from his c lose-knit and loving famil y; and Jonny, the conflicted a nd creatively-blocked white a rtist in search of himself. T he film stars emerging actors Johnny Ferro, Stephen Tyrone Williams, Margaret Kemp and veteran B ahamian actor Craig Pind er. A fter TLA acquired the film from Daybreak Productions, LLC, president and director of acquisitions Raymond Murray said: Children of God is an entertaining and inspiring romantic d rama as well at a powerful s ocial critique of the destruct iveness of homophobia. It is one of the most important gay-themed films of recent years and TLA is proud to be able to distribute t he film. Kareem is a talented f ilmmaker and we expect the f ilm to find an enthusiastic r esponse from a variety of audiences. M r Mortimer added: This is a very important film for m y country, the Caribbean r egion and the wider world. In a time where violence against gays and persons who are perceived to be gay at the forefront of everyone's mind I hope our film can help illuminate some of the issues that driv e persons to violence. I am very happy for T LA Releasing to be a home for our film and their level of excitement and commitment to the title assures me that Children o f God will be given the best possible chance to c onnect with an audience. T he director said he is i ndebted to those who gave their support by workingh ard for little pay, volun t eering and giving their kind and encouraging words freely. He said: The producers feel this support has been tremendous. Children of God was prem iered on the opening n ight of the Bahamas I nternational Film Festival ( BIFF) at the Atlantis thea tre last year before going o n to win great success. This year, the festival will feature 14 films by Bahamian filmmakers, to be shown at various times throughout the festival which opens on Wednesd ay. Another Bahamian film co-directed by Mr Mort imer and Ric von Maur, W ind Jammers, will be s creened separately from the festival at the Atlantis theatre on December 1. F or the full line-up of BIFFs events and screen ings log on to www.bintl f ilmfest.com. To find out m ore about Children of God, log on to childrenof godthemovie.com and tlareleasing.com. C M Y K C M Y K LOCAL NEWS P AGE 18, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Controversial Bahamian film enjoys unprecedented success FROM page five
MICHAEL TARM, Associated Press CHICAGO The big Opt-Out looked like a big bust Wednesday as most of the Thanksgiving travelers selected for full-body scans and pat-down searches chose to submit to them rather than cre-a te havoc on one of the busiest flying days of the year. In fact, in some parts of the U.S., bad weather was shaping up as a bigger threat to travelers' hopes of getting to their destinations on time. F or days, activists had waged a loosely organized campaign on the Internet to encourage airline passengers to refuse fullbody scans and insist on a patdown in what was dubbed National Opt-Out Day. But aso f Wednesday afternoon, the cascading delays and monumental lines that many feared would result had not materiali zed. "It was a day at the beach, a box of chocolates," said Greg Hancock, 61, who breezed through security at the Phoenix airport on the way to a vaca-t ion in California. He was sent through a body scanner after a golf ball marker set off the metal detector. H is wife, Marti Hancock, 58, s aid that ever since she was in the air on Sept. 11, 2001, and feared there was a bomb on her plane, she has been fully sup-p ortive of stringent security: "If that's what you have to do to keep us safe, that's what you have to do." T he Transportation Security A dministration said few people seemed to be opting out. Some protesters did show up, including one man seen walkinga round the Salt Lake City airport in a skimpy, Speedo-style bathing suit, and others carry ing signs denouncing the TSA's s creening methods as unnecessarily intrusive and embarrassi ng. By most accounts, though, t he lines moved smoothly, and there was no more or less congestion at major U.S. airports than in previous years on the d ay before Thanksgiving. I would go so far as to say that National Opt-Out Day was a big bust," said Genevieve Shaw Brown, a spokeswomanf or the travel company Travelocity, which had staff at 12 of the nation's largest airports watching for problems. P rotest organizers some o f whom had no plans thems elves to fly on Wednesday were not prepared to declare the event a flop, saying the publ icity alone cranked up pressure on the White House and the TSA to review their security measures. The TSA now talks about r e-evaluating everything," said James Babb, an organizer for one of the protest groups, We Won't Fly. That is a tremendous victory for a grass-roots movement." For days, the X-ray scans that can see through people's c lothing and the new pat-downs t hat include the crotch and c hest have been the target of a backlash among politicians, bloggers and others. C M Y K C M Y K INTERNATIONAL NEWS PAGE 20, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Airport protest never takes off; few delays seen TOOINTRUSIVE? WEST PALM BEACH A passenger at Palm Beach International Airport is patted down by a TSA worker at Concourse C Wednesday morning.
By NEIL HARTNELL Tribune Business Editor ROBIN HOOD and other n ew market entrants have upset the apple cart to be the ultimate benefit of Bahamian consumers, its president and owner believes, telling Tribune Business that by sourcing 97-98 per cent ofi ts product offering direct it has helped to drive its prices and those of rival groceryc hains down. Sandy Schaefer told this newspaper that the tradition-a l grocery retail/wholesale model had been shaken up by the entrance of his business and the likes of Phils FoodS ervice into the market, adding that Robin Hood was looking to emulate the WalM art model securing rela tively cheap land upon which to build large store space, andr enting a portion of the prop e rty out to other businesses to service debt financing. Telling Tribune Business t hat Robin Hood sourced 9798 per cent of its product o ffering from abroad, allowing it to enjoy substantial savings that are passed on to t he consumer, Mr Schaefer s aid: What Robin Hood, and now Phils Food Service, is that we upset the apple cart. C M Y K C M Y K SECTIONB firstname.lastname@example.org THURSDAY, NOVEMBER 25, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.36 $4.35 $4.36 B y ALISON LOWE B usiness Reporter email@example.com Financing for a proposed biodiesel manufacturing plant in western New Prov-i dence is still up in the air, a ccording to former MP and Cabinet Minister Ten nyson Wells, with pinning d own a market for the fuel b eing deemed pivotal to m oving ahead. Mr Wells confirmed his investor groups hopes of a cquiring Bacardis former Clifton Pier Facility for the biodiesel venture in mid-O ctober, telling Tribune B usiness that the farming of plant material to feed a fuel facility alone could generate hundreds of spinoff jobs for Bahamians. The investor group, S ource River Ltd, has hundreds of thousands of dollars tied up in the purchase option it has on the Clifton Pier facility, which includes s everal large, heavy-duty storage tanks and a By NEIL HARTNELL Tribune Business Editor B AHAMIAN HOTELSare bett er positioned than their Caribbean counterparts to raise room rates when recovery comes, a leading hotel consultant said yesterday, with revenue per available room ( RevPAR) for this nations industry u p 8 per cent year-over-year to September 2010 more than two perc entage points better than the C aribbean average. P arris Jordan, managing director o f HVS Bahamas, a major consult ant to the global hotel and tourism i ndustry, said that because Bahamia n hotels did not drop room rates in 2009 as much as their Caribbean counterparts in a bid to stimulate occupancy, they would be better p laced to raise them when recovery c ame and market confidence r eturned. H e pointed out that while R evPAR for Bahamian hotels fell b y 15.8 per cent year-over-year in By NEIL HARTNELL Tribune Business E ditor A BAHAMAS-BASED and organised fashion s how is looking at expansion into Europe next year following the success of itst hird edition this month, its chief organiser telling Tribune Business yesterday that the sector could gradually grow into a major industry with the right domestic and international support. Owen Bethel, Bahamian banker and p resident of Modes Iles, organiser of the Islands of the World Fashion Week, By NEIL HARTNELL Tribune Business Editor THE BAHAMIANContractors Associations (BCA d ent has backed the Institute of B ahamian Architects (IBA over its argument that signifi cant delays in the building perm itting process occur when queries are raised by the Building Control Department (BCD a s he called for more resources to be dedicate d to speeding up this system. Stephen Wrinkle, speaking after the World Bank ranked the Bahamas 107th out of 183 n ations over the processing of construction perWEVE UPSET THE APPLE C ART Robin Hood owner says ultimate beneficiary of sourcing 97-98% of product direct is Bahamian consumer, through lower prices and better offering But public offering of shares in expansionist retailer neverg oing to happen SEE page 9B THE new Robin Hood shopping store and centre. Permit queries: Contractor chief backs architects STEPHEN WRINKLE SEE page 4B Hotels 8% RevPAR rise beats region Bahamian hotels more than two percentage points better than Caribbean c ounterparts on key performance determinant Leading consultant says Bahamas resort industry better placed to raise room rates once recovery comes, as it held nerve and did not slash like rest of region Bahamas hotel occupancies and room rates both up year-over-year by 4% Bahamian RevPAR fell 15.8% in 2009 compared to 17.5% for Caribbean, but this nations room rates only down 6.8% SEE page 5B BIOFUEL FINANCING HELD UP BY MARKET IDENTIFICATION NEED SEE page 5B SEE page 7B FASHION SHOW EYES EUROPE EXPANSION OWEN B ETHEL
A TECHNICAL term or two can give you that geek credibility sheen, but it might prove to be counterproductive. Do you know that using technical jargon is the number one cardinal sin you canc ommit when talking to a non-technical savvy client? Being able to think from others points of view, and talk in the terms that non-tech savvy clients can relate to, is o ne of the rarest, most-neede d skills in the technology world. Learning how to carry out a compelling conversation with these clients is a crucials kill that all technology worke rs should possess, especially if they desire to maintain their business. P eople who are technop hobic and live in fear that the Internet might steal their bank account information ort heir very soul, or who have lifestyles that just dont i nclude computers, should be t reated delicately. I have e xperienced an incident w here a newbie was afraid to use the zoom in and out butt on in fear of a computer explosion. This is not a joke! This is when it is most impor-t ant to put on your ambassador hat. O ne way of mastering this technique is to talk jargon with your clients in such a way that you can maintain their attention and give an accu r ate picture of what they really need to understand. Begin by using fishing techniques t o assess their starting knowledge. For example, try using a generic question, such as: Hey, what is your preferred web browser? or What operating systems have you being using lately? Strategi-c ally, what you are really try ing to ascertain is whether or not they know the basic terms o f your industry or have any knowledge of it. O nce you have ascertained their level of knowledge, youll start to develop an u nderstanding of how to proc eed. For example, dont you h ate it when you visit a doctor and he uses unfamiliar medical terms? But when he slows down, provides a good explanation in plain English ori llustrates with diagrams, he accomplishes his task more e ffectively. This is what we n eed to do as technical officers, graphic designers or programmers. H ere are some more fishi ng questions: Do you use Adobe Phot oshop or any other imageediting software? Do you subscribe to any R SS feeds? How familiar are you with t he programming process? What are some webs ites/authors you read regu larly? Have you ever worked w ith an Illustrator before? Ensure that you balance the p laying field by asking for input in their proficient areas, as this will be a friendlier medium and prevent them f rom feeling embarrassed or compelled to weigh in on your a rea of expertise. There is no reason to explain the process, but do explain how it will benefit them. T alk In Terms Of Results T his will keep clients list ening. For example, if you a re describing the importance of standards-compliant XHTML, you could say: Standards-compliant XHTML ensures that the websites code is valid ands upported by most modern w eb browsers. E ven though this may still seem technical, it gives the r esults of your efforts. Further, you could go for a simpler approach and say: I willo ptimiae the code so that you will get the best rankings possible and make your site viewable for as long as possible. P ause or Ask for Questions Allow pauses in between e xplanations to encourage q uestions. Behave as if youre interested and willing to answer any question, even if you arent. Furthermore, if they seem confused or remain silent for too long, ask them: Should I explain further? Put it in Writing Non-Tech-Savvy people can sometimes seem paranoid, and want every single detail in writing so as to rer ead at their own pace or r esearch and follow-up later. For proposals and reports, use visuals. Ever noticed how the best presentations havem ore graphics than blocks of t ext? If you convey an idea via visuals, the message will be gleaned faster compared t o text, which has to be p rocessed and analysed before comprehension. U se Familiar References Be creative and use scenari os and situations that are pert inent to their background to r elay complex concepts. Be Honest B eing honest with your non-tech savvy client is a no brainer. If you are asked aq uestion that you cannot answer, say that you will get Being a resource, not a jargon freak C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM &RPIRUWDEOHRRPVDW&RPIRUWDEOHDWHV5RRPVIURPMXVWHULJKWSOXVJUDWXLW\5HVWDXUDXQWDQG%DURROHFUHDWLRQRRPHHWLQJRRP$OEDQV'ULYH THE ART OF GRAPHIX DEIDRE M.BASTIAN SEE page 8B
m its in its Ease of Doing Busin ess report, told Tribune Business that while the process was slow, it was unfair to place all the blameon the BCD and its staff, and better prepared construct ion/planning applications were sometimes needed to assist with their work. The permitting process unto itself is rather complex a nd lengthy by nature, Mr W rinkle told this newspaper i n a recent interview. It has to go through several departments, but I know myself from the perspective of the contractor that the problem arises whenever theres an anomaly or query with the p lans, and its not dealt with i n a timely fashion. Ive had personal experience where Ive not known there was a query with a specific set of plans for weeks and weeks, and then it takes weeks to resolve the query. Thats a big problem for the i ndustry. M r Wrinkle added that a nother issue was the d elayed implementation of t he Planning and Subdivisions Act, which meant discretionary decision-making was still being allowed with respect to the planning process. Were still dealing with a ntiquated methods where e verything must go before T own Planning, Mr Wrinkle told Tribune Business. Delays resulting from queries raised by the BCD o ver construction permit a pplications were identified by the Institute of Bahamian A rchitects and its president, A mos Ferguson, as a prime f actor behind the lengthy construction permittingp rocess in the Bahamas. T ribune Business revealed these concerns yesterday, and an Institute report that compared the building permitting process in the Bahamas with those in three major US cities New York, A tlanta and Miami said: A p rimary contributing factor in the long processing time a t the BCD under its present s ystem is the inordinate a mount of queries by BCD. In a lot of instances, the queries are primarily based on the whim of the reviewer and insubstantial in content. Some queries, structures in particular, the architect is not e ven allowed to address because the reviewer insists that the architect gets a structural engineer to dealw ith the query. This is inconsistent with the Building Regulation Act and is in contravention of theB ahamas Building Code. Leaving aside the inherent a bility a qualified architect w ould have as it relates to m ost engineering questions, it should be noted that it is very troubling that an architect who is ultimately responsible legally for a building is not considered qualified enough by some in BCD to e ven deal with the simplest o f structural queries. T he Institutes Mr Ferguson said such issues were really impeding progress in the construction industry, a dding: There are many p rojects I have known that have been cancelled because t he permits have taken too l ong. With the present econ omic situation, we dont need project going out of thes ystem that could be part of t he [recovery] process. We have outlined a new process that streamlines the total process, giving them less steps and less opportunities for possible corruption to occur. T he Institute report had b een updated, following its previous submission to the r elevant government agenc ies and departments two y ears ago. Mr Ferguson said a series of meetings over the reports content had been facilitated, by Gordon Major, between various Ministry of Works personnel and the architects, b ut little progress was made, he alleged, because BCD personnel were not receptive to any changes. H owever, Mr Ferguson said that in recent weeks he had met with Zhivargo Laing, minister of state forf inance, over the issue again, and came away with the i mpression that the Governm ent was prepared to reform t he construction permitting process. Mr Wrinkle, though, while acknowledging the slow permitting process, said it was not fair to shove the blame totally on the BCD, as in the a bsence of queries they often m oved applications through t he approvals process in a reasonable time. Referring to one project he had handled, Mr Wrinkle s aid the BCD had processed a ll relevant permits within four weeks, after they had b een provided with a full set o f mechanical, engineering a nd architects drawings. There were, as he put it, nos tumbling blocks. Theres certainly room for improvement, he admitted, adding that with rela tively little effort the Bahamas could easily move up from its 107th position in the Ease of Doing Business r ankings when it came to c onstruction permits. As a contractor, Id like t o see more resources allocated for processing of permits, but there needs to be a better preparation of the applications submitted, Mr Wrinkle said. In recent times, Id like to think better p lans are being submitted, b ecause we have better engin eers and architects. As we progress forward as a country, we must begin to use the skills of profess ionals better. This continu es to be a drag on the Ministry of Works and Plann ing. T he professionals associa ted with the construction industry were attempting to put industry into the 21st c entury, and Mr Wrinkle added: Weve just got to ensure the proper resources are allocated to the industry to get the professional side of things up to international standards. C M Y K C M Y K BUSINESS PAGE 4B, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM :$17('1XUVHRUXUVHV$LGH7RFDUHIRUHOGHUO\PDOH5HIHUHQFHVHTXLUHG 0 XVWEHHOLDEOH D QG KDYHRZQWUDQVSRUWDWLRQ7/HDYHQDPHDQGQXPEHUDQG ZLOOFRQWDFW\RX F ROM page one Permit queries: Contractor chief backs architects
C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM (PSOR\PHQW 2SSRUWXQLW\$ ZHOOHVWDEOLVKHG/DZ)LUZLVKHVWRHPSOR\FRPSHWHQW$WWRUQH\ LQWKHDUHDRI/LWLJDWLRQKHLGHDOFDQGLGDWHVKRXOG +DYHDWOHDVWWKUHH\HDUVH[SHULHQFHDQGSRVVHVV D WKRURXJKZRUNLQJNQRZOHGJHLQ&RPPHUFLDO/LWLJDWLRQ ZLWKWKHDELOLW\WRGUDIWGRFXPHQWVDQGSOHDGLQJV :RUNLQJNQRZOHGJHRIFROOHFWLRQDQGHQIRUFHPHQWRI MXGJPHQWVDVLWUHODWHVWRFUHGLWIDFLOLWLHV 3RVVHVVH[FHSWLRQDOLQWHUSHUVRQDODQGFRPPXQLFDWLRQV VNLOOV ,VURFLHQWLQLFURVRIWIFHXLWHDSSOLFDWLRQV 3RVVHVVHVWKHDELOLW\WRZRUNXQGHUSUHVVXUHDQGSHUIRUP DVDWHDPSOD\HU $SSOLFDWLRQVWRJHWKHUZLWK&XUULFXOXP9LWDH'LSORPDV&HUWLFDWHV DQGHIHUHQFHVVKRXOGEHVHQWWR$ WWRUQH\ 3 2 1DVVDX%DKDPDV 2009, in response to reduced travel demand, average r oom rates in the industry d ropped by just 6.8 per cent. The rest of the RevPAR d ecline for Bahamian hotels c ame from lower occupancies, Mr Jordan explained, b ut he pointed out that C aribbean hotels suffered an average 17.5 per cent room rate decline in 2009 -far worse than the Bahamas as resorts desperately slashed rates to try and stimulate occupancy and v isitor numbers. G iven that it was e xtremely difficult, if not impossible, to raise rateso nce they had been cut, Mr J ordan said that by holding firm, the Bahamian hotel industry chiefly Atlantis was set to reap the potential rewards once US travel demand recovered. The Caribbean is up 5.7 p er cent in terms of R evPAR through Septem ber 2010 compared to Sep-t ember 2009, Mr Jordan t old Tribune Business. Year-to-date, the Bahamas is up 8 per cent on RevPAR. While the Caribbean and B ahamian sample sizes were based on just 10 per cent of their hotel populat ion, given that relatively f ew reported their data to S miths Travel Research ( STR), the data gleaned was still reflective of whats happening the market. Referring to the 2010 data, and the Bahamas outpacing the Caribbeans performance, Mr Jordan told T ribune Business: To put t hat into perspective, last year the Caribbean was d own 17.1 per cent on R evPAR, and the Bahamas w as down 15.8 per cent. Whats positive, however, here in the Bahamas ist hat its up 4 per cent in occupancy and 4 per cent in room rates. In contrast, while room rates in the C aribbean had risen 4.3 per cent, occupancies were ahead by just 1 per cent on 2 009 comparatives. M r Jordan said that espe c ially favourable for the Bahamas was the fact thatw hile its hotel industry R evPAR slid down just 15.8 per cent in 2009, room rates slipped just 6.8 per cent,c ompared to 17.5 per cent for the wider Caribbean. What is positive about the Bahamas is that it hasn ot dropped its rates as m uch as the rest of the Caribbean, and the mainf actor behind that is Atlantis maintaining its r ates, Mr Jordan told Trib une Business. When the m arket recovers, its diffic ult to raise rates significantly if you have dropped them. The Caribbean has dropped them, but the Bahamas has not dropped them as significantly. When the market recove rs, it will be less difficult for the Bahamas to increase i ts rates going forward. T hats a positive sign for the B ahamas. Its positioned better than the rest of theC aribbean market. Yet while the Bahamas RevPAR increase was ahead of both the C aribbean and US averages, it trails the increases of around 35 per cent and 15 p er cent enjoyed by St Lucia a nd the US Virgin Islands r espectively. The HVS Bahamas mana ging director told Tribune B usiness that many hotels and their yield managers had learned their lessonsf rom the post-September 11, 2001, experience, when the slashing of hotel room rates to induce travel andh igher occupancy levels f ailed to work because tourists were too frightenedt o travel by air. Hotels 8% RevPAR rise beats region FROM page one BIOFUEL FINANCING HELD UP BY MARKET IDENTIFICATION NEED jetty/docking area. Yesterday, Mr Wells said the group cont inues to work on sourcing financing for the p roject, finding that the need to definitively identify would-be purchasers of the fuel that would be produced is whats holding things up. The businessman had previously noted that the majority of the 70 million gallons of fuel which could be produced at the plant would need to go for export to the Caribbean and Latin America, as the Bahamian biofu-e l market is presently small to non-existent. Theres nothing definitive we can say on it, said Mr Wells. Its still being worked on. FROM page one
P By ALISON LOWE Business Reporter firstname.lastname@example.org With demand for the e fficient execution of proj ects rising in the recession, a Bahamian company yesterday said it had become the first to offer t raining to Bahamians who may wish to take advantage of opportunities for q ualified project mana gers. D orcas Cox, a Bahamian w ho became certified as a P roject Management Prof essional (PMP working for Scotiabanks learning and development department in Toronto, Canada, established Project Management Solutions Ltd after returning t o The Bahamas and notici ng the huge difference in the time and cost effic iency she saw in the exec ution of projects. We waste a lot of time and cost, and just take a very random approach. I said to myself: Do I go back to the way I used to operate or try to keep o perating at this level and h ope others get it?. I decided I wanted to help others to be competitive, said Mrs Cox. Examinations O n December 18, some 13 Bahamians will finish a 1 3-week course offered by h er company in conjunc t ion with the Bahamas Institute of Financial Ser-v ices. It is intended to pre p are them to take the Project Management Professional or Certified Associate in Project Management examinations required by the international Project Managem ent Institute. They will s it the exam in Nassau, w hich will then be sent a broad for marking. The course covers the principles of project management from initiation, to planning, execution, monitoring and controlling a nd closing a project. S tudents apply the principles they are learning to their own real world projects along the way, c onnecting what they are being told to practical applications from an early s tage. M rs Cox says the project m anagement qualification i s about progress and, c iting the Baha Mar and A lbany developments, suggested that as the Bahamas positions itself to be able to engage with international players, it requires more Bahamians to seek out qualifications i n this area. When we are positioning ourselves locally for b eing competitive internat ionally, there are certain s tandards and expectations they have, and the way you used to do it just isntg oing to work in the future, said Mrs Cox, who herself found the project management qualification she obtained from the University of Toronto indispensable to her success, undertaking large s cale instructional design p rojects during her time at Scotiabank in Canada. Projects While project managers h ave traditionally been m ost in demand in the construction and engin eering sectors often b eing brought in from a broad to work on projects in the Bahamas MrsC ox said that credentials i n project management are increasingly recognised as valuable in every aspect of business globally, where companies or institutions may be looking to create strategic plans for t he future, to cut costs and s treamline in their opera tions, particularly as a c onsequence of the econ omic downturn. A project manager could even come in handy in a political campaign, or a h ealth drive such as that launched by the Ministry o f Health to get Bahamia ns to get vaccinated against the H1N1 influenza virus earlier this year, suggested Mrs Cox. R andy Rolle, a Ministry of Tourism official who works in the Sports T ourism department, told T ribune Business he sees t hings in a whole different light after taking thec ourse. Its useful. It gives you a new look on projects and the importance of simple details. It involves almost dissecting a situation to a point where, if there are p roblems within the process, you can pick up o n it and maximise all of t he resources around, he said. I think going forward, once there are more proj ect managers youll get more for your money (executing projects in The B ahamas). A lbany, Baha Mar, all o f these will require project managers so its thep erfect opportunity for m ore Bahamians to get involved. More information can be found at www.projectmanagementsolutionsltd.com. C M Y K C M Y K BUSINESS PAGE 6B, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM :$17(' Course aims to end random approach to managing projects DORCAS COX became certified as a Project Management Prof essional while working for Scotiabanks learning and development department in Toronto,
C M Y K C M Y K LOCAL NEWS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM which was held from N ovember 11-13 at the B ritish Colonial Hilton, t old this newspaper that the event certainly met target when it came to the level of local and internationala ttendance. Islands of the World Fashion Week had a full house of 300-plus persons on each of its three nights, o n one occasion being u nable to accommodate all w ho showed up. We certainly met target in regard to the numbers t hat were able to be accommodated in the room 300f or each performance. T hats roughly 900-plus in t otal, Mr Bethel told Tribune Business. We certainly did meet the target f or visitors from abroad. We had roughly 100 of them. T here was a strong prese nce from the French (ParisMilan media, Islands of the World Fashion Week having already been featured in the Italian Vogue, with an umber of foreign buyers also present. Prior to the grand finale in the Bahamas, Islands of t he World and its designers also exhibited their wares at various fashion shows P alm Springs, Chicago and Miami in the US, and Mr Bethel indicated they were looking to expand this to Europe in 2011. Foreign interest in participating in Islands of the World Fashion Week is continually growing, Mr B ethel said, while the US fashion show had brought further recognition to the event. We have started planning for next year, he told Tribune Business, and have been invited for theT our, already, to Atlanta and New York. Milan is negotiating an attendance for a special showing there. We will now definitely look at the expansion of the t our into Europe. We will more than likely repeat the Palm Spring and Chicago venues that weh ad this year. Some 18 designers exhibited at Islands of the World F ashion Week this year, of w hom four were Bahamian. These included Harl Taylor Bags; Theo Sealey, the y oung Bahamian who won the Harl Taylor Scholarship to New Yorks Parsons, TheN ew School for Design; and t wo other designers who appeared in the Next Generation category, David R olle and Whitney Miller. Mr Bethel said both Messrs Sealey and Rolle had caught the attention of the international media and been described as designers to watch out for,s o with their participation in Parsons that will be a leapfrog on the learning curve for them. All this, he added, increased recognition of theB ahamas as a potential v enue for the fashion industry. Hopefully, as we move forward and get the Bahamas Technical and Vocational Institutes fashion department more involved, hopefully we will see the growth of the indus t ry and interest among younger designers to move forward. And Mr Bethel told Tribune Business: I think what we will see develop w ill be in stages, stemming f rom the cottage industry and people doing it in their homes, and the likes ofT heo and David, as they get opportunities to expand, hopefully they will come b ack and contribute to the d evelopment of the industry. From a cottage industry I see it growing gradually into a major industry, where buyers see it as beingo f major interest and come t o buy designers products. Mr Bethel said Islands of the World Fashion Week s hould also boost tourism to the Bahamas during a relatively slow part of thes eason for the hotel industry, especially as interest from Caribbean and Latin American designers andt heir followers grew. F ROM page one Fashion show eyes Europe expansion
b ack to them with a full explan ation. Ive observed a few developers talk tech jargon to their clients who can barely send out e-mails. Youre not really helping them, are you?U nforgiveable A void jargons What may be commonplace t erminology to you may sound like Klingon to your colleagues or clients. Use analogies But if I am to avoid jargon, h ow do I explain how things work? Well, it helps to use c larification, otherwise it will seem as if youre overly dumbing things down. For example, if youre proposing something new, its best to demonstrate how it helped s imilar businesses or individuals in the past. This will m ake your clients and colleagues feel as if you are relevant and not just floating on some niche techie planet. Talk results, not process C lients are not interested in the details of the work, justt he results and when youll be able to deliver. In other words, dont discuss step-bystep key word research or how you managed to maket he CSS compliant to all browsers. It seems cool to appear to have a vast amount of knowledge to impress your client, but if they dont understand half the things you say, then a ll is lost. I had an experience a few weeks ago where a particular business attempted to use many technological phrases as explanations for a broken service, and became very u ncomfortable when they realised I was aware that the justification was not logical.. Well, undoubtedly this result-e d in a disappointed cust omer. Illustrate how the idea or process relates to their jobs or sales. More often than not, people cant see the weight of designs or marketing contri-b utions until they recognise the benefit. Demonstrate whats in it for them and their business. Be patient Its hard enough trying to g rasp new techie ideas, and even harder if the person sharing them with you is frustrated. Strive to remain calm when you are asked the same questions repeatedly, despite the fact that you only juste xplained it 20 minutes ago. It isnt easy explaining something to someone whos hearing about it for the first time, so with a little more time it would become easier. Circumstances like these can be challenging, so try taking deep breaths. In this regard, web or g raphic designers are at the v anguard of the web marketing revolution, so if the terminology Ajax has to be used in a sentence, dont allow clients to mistake it for the detergent used to wash pots and pans. Quicklye xplain that Ajax is the art of exchanging data with a server, and also updates parts of a web page without reloading the whole page. Lets throw into this mix and note that, not only willc larification build rapport, but it may help clients to see possibilities they might have missed. Once again, build yourself as a resource and partner to the client and not a jargonist.S o until we meet again, play a little, have fun and stay on top of your game! NB: Reader encourages feedback at: email@example.com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page 3B Being a resource, not a jargon freak
Whos the ultimate beneficiary of that? The Bahamian consumer. Mr Schaefer said his direct supply lines were giving him better pricing and purchasing p ower, and with Robin Hoods second outlet due to open at the former Pepsi-Cola factory on Prince Charles Drive in the coming weeks, the retailer was really beginningt o enjoy economies of scale. Administrative and human r esources expenses, for example, would be spread over a much greater sales base, bringing their unit costs down. Mr Schaefer said Robin H oods strategy was not to borrow to grow, the company preferring to be self-financing, even if this meant selling an equity stake to other investors via a private transaction to raise additionalf inancing. He, however, told Tribune Business that he had no plans to raise capital through an ini-t ial public offering (IPO s hares to the Bahamian publ ic. Were not interested in g oing public, Mr Schaefer said, adamantly. That will n ever happen. You dont own the comp any. One of the benefits of b eing in business is that y oure your own boss. T he biggest hurdle to Robin Hoods planned expansion, he told this newspaper, was not capital and financing but finding the right staff. Finding people with the right talent, the right customer service ethos and being honest was an ongoing challenge for Robin Hood, resulting in Mr Schaefers move to o ffer shares in the company t o his best and longest-serving employees. Youre giving them not j ust a job, but an investment with a bright future, he explained to Tribune Busin ess. As the company grows, you watch your shares grow in value. Im not looking for people who want jobs; Im l ooking for people who want careers. Theres a huge difference. T hen there was the land. Explaining that the only way this will work was to acquirel and at a Robin Hood price, Mr Schaefer said his company w as not a retailer for highpriced shopping destinations, such as Nassaus Bay Streetor Fifth Avenue in New York. We have to do what WalMart did, Mr Schaefer told Tribune Business. Were not reinventing the wheel. On a smaller scale,w ere trying to duplicate their s uccess. Theyve come into an area and generated a lot of traffic, so theyve almost guaranteed success [for other retailers]. T heres going to be a better chance of success if youre in a location that generates a lot of traffic. Robin Hood is thus aiming t o be the Bahamian equival ent of a Wal-Mart, acquiring cheap land in out-of-town sites and then acting as the anchor to drive consumer traffic to the area, attracting o her retailers to the destination. While most Bahamian retailers and many counterparts worldwide had moveda way from being real estate o wners, not wanting the inevitable annual depreciation to show up on the balance sheet and income statement, not Mr Schaefer. You can buy property cheaply, he said. Why not enjoy the appreciation on the property as well, when you can service the debt on thist hrough the rent youre gene rating? Its a win-win for you, a win-win for tenants, and a win-win for the banks that financed it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nsbacher (Bahamas PRIVATE BANKING ADMINISTRATOR Ansbacher (Bahamas UHDW*XDQD&D\$EDFR 7 KH%DKDPDV(03/2<0(17,7<< RXDUHLQYLWHGWRDSSO\IRUWKHIROORZLQJSRVLWLRQFXUUHQWO\ D YDLODEOH([HFXWLYH&KHI. 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NEW YORK STOCKSended Wednesday on a positive note after a batch of economic reports o ffered hope that the U.S. e conomy was improving, according to Associated Press. Incomes rose last month and consumer spendingc limbed for a fifth month. T hat raised hopes that shopp ers will hit the malls in droves the day after Thanksgiving, the start of the holiday shopping season. At the same time, fewer people claimed unemployment benefits last week, as ign that the labor market is recovering. There are fundamental s igns that the economy is t urning a corner," said John O 'Donoghue, co-head of e quities at Cowen & Co. T he Dow Jones industrial average surged 150.91, or 1.4 percent, to 11,187.28. T he Standard & Poor's 500 index gained 17.62, or 1.5 percent, to 1,198.35. The Nasdaq composite index rose 48.17, or 1.9 percent, to 2,543.12. The upturn marked an abrupt reversal from Tuesd ay, when an exchange of a rtillery fire between North and South Korea led nervous investors to sell stocks and dash into gold, Treasurys and other assets often used ash iding spots. Investors also s hrugged off a steep fall in n ew home sales and manufacturing orders. Tim Speiss, chair of the wealth advisory group at EisnerAmper, said investors were right to focus on the improved signs in employ-m ent and consumer spending, which are far morei mportant to an economic r esurgence than home sales o r manufacturing orders. If we don't have strong consumer spending in this economy, we're in trouble," said Speiss. "When there's s pending, manufacturing will i ncrease to meet that d emand." T he government said firsttime claims for unemploym ent benefits fell 34,000 to 407,000 last week. That wasm uch better than the 435,000 n ew claims economists had expected. A separate report showed that Americans' incomes rose 0.5 percent last month, slightly better than expected. Their spending rose 0.4 percent, up slightly from September. Safety assets moved lower a s investors became more w illing to take on risk. Treasury prices edged lower, pushing their yields higher. The yield on the 10-year note rose to 2.92 percent from 2.77p ercent Tuesday. Gold fell t o $1,375 an ounce, down f rom $1379. Investors largely dismissed downbeat reports that showed declines in sales of manufactured goods and new home sales. Orders for durable goods f ell 3.3 percent, while new home sales and median homep rices both fell last month. S ales of single-family houses s lid 8.1 percent, the fourth t ime the rate has dropped in the past six months. In corporate news, Tiffany & Co. also reported a rise in p rofit, fueled by strong sales o f jewelry in the U.S. and o verseas. Tiffany shares rose 5 .3 percent to $61.33. Shares of fellow high-end retailer C oach Inc. also rose 3.7 percent to $56.63. U .S. stock and bond mark ets will be closed Thursday for the Thanksgiving holiday. They will reopen for half-day sessions on Friday. C M Y K C M Y K BUSINESS PAGE 10B, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 5 2wk-Hi52wk-LowSecurit y P revious CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.261.00AML Foods Limited1.011.010.000.1500.0406.73.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6 .184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0 .580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.4610.460.001.0500.31010.02.96% 2.842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1 6.856.850.000.4220.26016.23.80% 3.651.63Consolidated Water BDRs1.851.850.000.1110.04516.72.43% 2.551.60Doctor's Hospital1.601.600.000.1990.1108.06.88% 6 .995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.207.26Finco7.267.260.000.2870.52025.37.16% 11.408.77FirstCaribbean Bank9.399.390.000.6450.35014.63.73% 5.513.75Focol (S 5.465.460.000.3660.21014.93.85% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.001000.0120.240465.84.29% 10.509.82J. S. Johnson9.829.820.000.9710.64010.16.52% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk Hi 52wk Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield BISX LISTED & TRADED SECURITIES AS OF:7 % Interest 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6 .95%20 November 2029TUESDAY, 23 NOVEMBER 2010BISX ALL SHARE INDEX: CLOSE 1,483.20 | CHG 0.00 | %CHG 0.00 | YTD -82.18 | YTD % -5.25BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 1 9 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 Fund1.51225.11%6.79%1.490421 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.56551.4954CFAL Money Market Fund1.56553.87%4.48%1.545071 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.56421.47%2.95% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.13671.0000FG 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 Protected TIGRS, Series 19.74584.35%5.22% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6000-1.59%4.26% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.5037-4.96%-4.96% 8.16434.8105Royal Fidelity Int'l Fund Equities Sub Fund8.16435.79%9.42% 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 7/11/200731-Oct-10BISX Listed Mutual FundsNAV Date 31-Oct-10 31-Oct-10 30-Sep-10CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Oct-10 30-Sep-10 30-Sep-10 12-Nov-10 31-Aug-10MARKET TERMS31-Oct-10 NAV 6MTH 1.467397 2.911577 1.530224 107.570619 105.776543 30-Jun-10 31-Oct-10 31-Oct-10 31-Oct-10 THE COLLEGE OF THE BAHAMAS Stock sharply higher on positive economic data NEW YORK Associated Press S TOCKSthat moved substantially or traded heavily W ednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Zale Corp., down 16 cents at $2.87 S hares tumbled for a second straight day after the jewelr y seller reported a wider quarterly loss and a drop in revenue. Monster Worldwide Inc., up $1.96 at $22.36 The online job company's shares rose after a report said t he number of people applying for jobless aid dropped to a 21-month low. Dynegy Inc., up 13 cents at $5.13 Shares rallied a day after shareholders rejected a sale to private equity firm Blackstone Group amid rumors of a higher bidder. G uess Inc., up $4.78 at $50.12 Strong results from its European and Asian divisions boosted sales and profit for the clothing retailer. Its forecast topped Wall Street estimates. N ASDAQ Amazon.com Inc., up $9.05 at $177.25 S hares hit a record high as a Citi analyst said the online retailer is poised to continue growing and gaining market share. T iVo Inc., down 32 cents at $8.49 The TV recorder maker posted a deeper third-quarter loss and said that it expects an even larger loss in the currentq uarter. P atterson Cos., up $1.15 at $30.19 T he dental and veterinary products supplier said profit rose 8 percent in its most recent quarter. Cree Inc., up $5.95 at $64.45 A n Oppenheimer analyst said elements for a strong 2011 are falling into place for the LED lighting products maker. MONSTER, DYNEGY, GUESS, AMAZON ARE BIG MOVERS INTERNATIONAL BUSINESS
C M Y K C M Y K BUSINESS T HE TRIBUNE THURSDAY, NOVEMBER 25, 2010, PAGE 11B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM WASHINGTON AMERICANSare earning and spending more, com panies are shedding fewerw orkers and hopes are rising for the economy as the holiday shopping season s tarts, a ccording to Associate d Press. S till, with businesses spending less on manufactured goods and new-homes ales near their lowest level in 47 years, consumers alone might not be able to invigorate the economy and drive down unemployment. All told, government data released the day before T hanksgiving suggest an i mproving economic picture. But it is increasingly dependent on the consumer, evenw ith U.S. companies having reported record profits in the July-September quarter. "Households are spending m ore, and that may signal they are starting to feel better about economic conditions," said economist Joel Naroffo f Naroff Economic Advi sors. "It is the consumer that holds the key to the recovery and it looks like house h olds are starting to turn the lock." On Wall Street, the mostly encouraging news on thee conomy buoyed stocks. The Dow Jones industrial aver age closed up 150 points. Many retailers depend on the holiday shopping season to make their year. The November-December shopp ing season can account for up to 40 percent of retailers' revenue and profits. Consumers boosted spending 0.4 percent in October, up from a 0.3 percent increase in September, the Commerce Department reported Wednesday. Many are benefiting from thicker paychecks. Americans' incomes rose 0.5 perc ent in October, pulled up by a 0.6 percent rise in wages and salaries. That was after incomes didn't grow at all inS eptember. At the same time, the pace of layoffs is slowing. Initial jobless claims dropped by3 4,000 to a seasonally adjusted 407,000 in the week end ing Nov. 20, the Labor D epartment said. Applica t ions have fallen in four of the past six weeks. Last week's figure was the lowest since July 2008 andt he first time that claims have fallen below 425,000 since then. E conomists generally believe that weekly first-time applications for jobless aid would need to drop consist ently below 425,000 to signal s ustained job gains. Even with last month's pickup in spending, con sumers are shying away from t he type of buying needed to significantly lower the 9.6 percent unemployment rate. And economists expect more modest income gains in the months ahead. That's why some doubt incomes will grow consistently and keep consumers spending enough to invigorate the economy. "Households have started to pick up the baton of growth from businesses," said Paul Dales, U.S. econo mist at Capital Economics." Whether or not households will be able to shoulder the burden of growth on their o wn is another matter." A mericans have become m ore frugal, saving 5.7 percent of their disposable income in October, com-p ared with just over 1 percent before the recession hit. They are also resisting the urge to spend money they don't have. According to Associated Press-GfK Poll, Americans a re more likely to pay off t heir credit-card balances right away than they were last year, and fewer say theym ake credit card purchases if they lack enough money at the time. The poll also found that d ebt isn't stressing people as much as it had been, but consumers remain leery about holiday buying binges. Just9 percent said they plan to spend more this year on holiday purchases than they dida year ago; 37 percent plan to s pend less. "Until we see faster job growth, don't expect shop pers to go on any spending s prees," said Scott Hoyt, senior director of consumer economics at Moody's Analytics. "You will see both Santas and Scrooges." ShopperTrak, a research f irm that tracks sales and traffic at more than 70,000 outlets, now expects holiday sales to grow 3.2 percent. That's up from a previous forecast of 2.9 percent. The upgraded forecast would mark a turnaround from the 0.4 percent sales drop in 2009, according to ShopperTrak's calculations. E ven so, retailers will s truggle for a piece of con sumers' wallets. Shoppers will want to stick to lists and focus on bargains, experts predict. The National Retail Fede ration, the nation's retail t rade group, expects a 2.3 p ercent increase in holiday spending. That would fall short of the 10-year historic average of 2.5 percent, according to the retail trade group. In other reports released Wednesday: An inflation index that the Federal Reserve moni tors most closely is running at a record low. Prices for goods e xcluding food and energy rose just 0.9 percent in the 12 months that ended in October, the Commerce Department said. That was down from a 1.2 percent a nnual gain posted in Sep t ember. E ven though shoppers welcome low prices, inflation is running at a pace below the Fed's comfort zone of between 1.5 percent and 2 percent. Fed officials worry that very low inflation could devolve into deflation a prolonged drop in the prices of wages, goods and services and in the value of assets like stocks or homes. Companies enjoyed their b est quarter for profits ever in the July-September peri od. After-tax profits reached $1.22 trillion the best showing, without adjustment for inflation, on records dati ng to 1947. Many businesses, however, are sitting on their cash instead of plowing money into expanded operations or hiring. The latest evidence: Orders to U.S. factories for costly manufactured goods plunged in October by the largest amount in 21 months. Durable-goods orders dropped 3.3 percent last month, the biggest setback since January 2009, when the country was still mired in a recession. Of special concern was a 4.5 percent drop in orders for nondefense capital goods, excluding aircraft. This category is viewed as a good proxy for business invest ment plans. It was the biggest drop since a 5.3 percent fall in July. Economists said the weak ness in durable goods orders partly reflects a pullback from consumers during the spring. Consumer spending flatlined in April and again in June. Generally, it takes around six months for a shift in consumer spending to show up in the durable goods report, said Mark Zandi, chief economist at Moody's Analytics. Sales of new homes fell in October to near a record low and home prices dropped to the lowest point in seven years. Sales of new single-family homes declined 8.1 percent to a seasonally adjusted annual rate of 283,000 units in October, Commerce said in another report. That was just 2.9 percent above the alltime low of 275,000 units hit in August for government records that go back to 1963. The median price of a home sold in October dipped to $194,900, the lowest level since October 2003. S HOPPERS w alk with bags from JC Penney and Victoria's Secret, Tuesday, Nov. 23, 2010 in New York. As retailers prepare for the crowds of shoppers on Black Friday with sharply reduced prices on everything from TVs to toys, they're also hoping for something else they couldn't count on last year: consumers spring ing for that deluxe high-end flat-panel TV or that big playset. (AP Economic data reveal a hint of consumer merriness INTERNATIONAL BUSINESS A WOMAN looks at a DKNY holiday window display, Tuesday, Nov. 23, 2010 in New York. The nation's retailers are looking forward to swarms of shoppers on Black Friday. (AP
C M Y K C M Y K BUSINESS PAGE 12B, THURSDAY, NOVEMBER 25, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM NEW YORK OIL PRICESsurged Wednesday as new government reports indicated Americans spent more last m onth and jobless claims f ell more than expected l ast week, boosting hope that the economy may be improving, according to Associated Press. Benchmark oil for January delivery gained $2.21 or 2.7 percent, to $83.46 a b arrel in afternoon trading on the New York Mercantile Exchange. A series of upbeat r eports bolstered oil t raders' hopes for an i mproving economy. T he government said consumer incomes rose 0.5 percent and spending increased 0.4 percent last month. In addition, first-time claims for unemployment b enefits fell 34,000 to a s easonally adjusted 4 07,000 last week. Offsetting that were reports showing durablegoods orders dropped 3.3 percent last month and sales of new homes fell 8.1 percent in October, which w as near a record low. PFGBest analyst Phil Flynn said the combina-t ion of the slowing layoffs a nd improving consumer d ata offset weak housing numbers. "That's given us hope that maybe, you know, the jobs market may be turning around," he said. The unemployment rate has been stuck a t 9.6 percent. O n the energy front, c ommercial inventories of crude oil rose less than expected for the week of Nov. 19. Gasoline inventories increased 1.9 million barrels. Analysts had expecte d a decline. U.S. refineries ran at 85.5 percent of total capacity on average,c ompared with 84 percent i n the prior week. R etail gasoline prices have increased about 8 percent since early September, driven by rising oil prices. They have fallen slightly this week following a d rop in oil prices. T he price of gas could k eep falling if refineries continue to add to the current supply, Flynn said. Natural gas inventories held in underground storage in the lower 48 states fell by 6 billion cubic feet t o 3.837 trillion cubic feet for the week ended Nov. 19, the government said. T he total was still 9.5 p ercent more than the f ive-year average. Natural gas for December delivery rose 2.9 cents to $4.293 per 1,000 cubic feet. Since the contract expires Wednesday, many t raders have moved to the J anuary contract where t he price added 2 cents to $4.434 per 1,000 cubic feet. In other Nymex trading in December contracts, heating oil added 6.96 cents to $2.3197 a gallon a nd gasoline gained 7.23 cents to $2.2065 a gallon. In London, Brent crude r ose $2.31 to $85.56 a barr el on the ICE Futures e xchange. Oil prices rise as new data boosts hope for economy NASSAU INSURANCE BROKERS AND AGENTS LIMITED Atlantic House,2nd Terrace & Collins Avenue P.O.Box N-7764 Nassau Tel.677-6422 www.nibaquote.comThe best value home insurance has a surprisingly calming effect!Do not underestimate the cost of storm damage and make sure your insurance cover will meet the bills.NIBA can help assess your insurance needs so that you are adequately protected.And the calming effect? That comes when you see the price.Home insurance costs less with NIBA.Its time to pay less for insuring your home! Tel.677-6422 or visit www.nibaquote.com Open Saturdays10.00am2.00pm Series of upbeat reports bolster traders hopes INTERNATIONAL BUSINESS B RUSSELS AS THEYscramble to prevent Europe's debt crisis from claiming a third victim, European officials are growing increasingly frustrat ed with Germany's push to force private creditors to take losses in future government bailouts, according to Assocaited Press. J ose Manuel Barroso, the head of the European Union's executive Commission, said Wednesd ay that he had warned European leaders at their summit in October "about the risks of raising this issue without proper preparation and communication." "But the issue was raised and decided and now we have to deal with it in the most responsible way," Barroso told the European Parliament in Strasbourg. Barroso's criticism is telling. The European Commission, which he leads, must come upw ith specific proposals by early December on how to include pri vate investors like banks or hedge funds in any future bailouts. It also illustrates the dilemma E U policymakers are currently f acing. Just as they work hard to calm i nvestors' anxiety over mounting debt piles in Portugal and Spain, they have to find a way of making t hose investors pay in the future. At the October summit, Germ an Chancellor Angela Merkel s trong-armed other EU governm ents to back a permanent crisis resolution mechanism. The mech-a nism is supposed to replace the ? 750 billion ($1 trillion b ackstop for the eurozone, which was set up this spring after Greece had to be rescued from the brinko f default. T hat initial backstop runs out on June 30, 2013, and Germany the eurozone's paymaster isa damant about protecting its tax p ayers from footing the bill for future sovereign bailouts. But that push may come back to haunt Germany in the short-t erm. B y putting a firm end to the bailout fund by 2013, the EU is turning bonds sold now by highlyi ndebted countries into a very r isky investment. S oaring interest rates on its debts forced Ireland to request ab ailout by the EU and the International Monetary Fund on Sunday. Politicians in Portugal and S pain, meanwhile, are trying desperately to reassure investors that t hey won't be next in line to ask f or help. E U policymakers' insistence that any new rules would onlya pply to bonds sold after 2013 has f ailed to abate investors' anxiety. Debt T he reason? They have been m um on how the eurozone will deal with already existing mountains of debt if a country runs outo f money after 2013. By then, G reece's debts will likely be above 150 percent of economic output, while Portugal and Ireland will carry debt loads ofa round 100 percent of gross d omestic product. "To me it is not credible only to include debt after 2013," said M arco Valli, chief eurozone econo mist at UniCredit. "There will be the need to involve outstand-i ng debt in this resolution mechanism." Markets are eager for clarity on t he mechanism's precise rules, because the possibility of default o n debt sold after 2013 is more t hreatening to investors who buy b onds now than to future creditors. O nce the mechanism is in place i n 2013, investors can just choose n ot to buy bonds from countries they don't trust to pay it back. But for creditors who investb onds now many of which w on't need to be repaid for another five to ten years and thus won't be covered by the current bailoutf und the threat of a forced r estructuring will make it much more expensive for vulnerable nations to refinance their loans. Creating such a two-phase sys t em for bonds, in which some are c overed by the new rules and others aren't, "is just naive," said Carsten Brzeski, chief economista t ING in Brussels. "Until there is a decision (on what happens to o utstanding debts after 2013) the speculation will remain in them arket." Already, a confidential proposal for the permanent crisis mecha nism by the German finance ministry backs the introduction o f rules for a potential default in b onds by 2011, two years before t he bailout fund expires, according to press reports. Another plano ut of Germany commissioned b y the Liberal Democrats, the j unior partner in Merkel's governing coalition also pushes for new bond rules as soon as possi b le. A nd Merkel is unlikely to give Portugal and Spain much reprieve until Barroso's commis-s ion has unveiled its plan for the p ermanent crisis resolution mechanism. "I won't let go of this," she said in a speech Tuesday, "because thep eople in our country wouldn't u nderstand if banks, and those who work with banks, earn a lot of money, but then the taxpayerh as to stem the risks." Frustration over German push on bailout rule
The Tribune Thursday, November 25, 2010 PG 25 RELIGION The Tribunes RELIGION SECTION
The Tribune PG 26 Thursday, November 25, 2010 RELIGION Celebrating Feast of St Cecilia ST. GEORGESANGLICANCHURCH By JEFF ARAH GIBSON Tribune Features Writer I T doesnt matter if none of the choir members come to practice, Evamae Ingraham will be in St Georges humming the solfeggio syllables doh-re-mifa-sol-la-ti-doh, waiting on the choir dir ector to initiate the star t. This dedication to the choir and music ministry at St Georges Anglican Church is what pr ompted the ministr y to honour Ms Ingraham at the Feast of St Cecilia cele brator y ser vice held Sunday past. The evening service was a beautiful experience for Ms Ingraham because for the first time she got the opportunity to do something she has never done in years. For the first time in years I actually got the chance to sit downstairs in the audience and listen to the choir sing to me. And boy did they sounded good and I r eally enjoyed that, Ms Ingraham said. Though she was in disbelief after the director of the music ministry, Adrian Ar cher approached her, Ms Ingraham humbly accepted her flowers given to her by the Chur ch. When Mr Ar cher came up to me and told me that they were going to honour me at the Feast of St Cecilia service I couldnt believe it. I said to him you gat to be joking, she said. But he said to me I think you deser ve it and he said he didnt want to give me my flowers when I am dead but while I am alive, Ms Ingraham explained. Tribune Religion spoke to Adrian Archer, the music ministry director, who said that Ms Ingraham holds a special place at St Geor ge s Chur ch. What is so special about Evamae is that she is so deeply involved in the Church and the choir. She is not only part of the choir but she also encouraged her children to become apar t of the choir as well. She is the ultimate person and if no one else shows up for choir practice she is there. So we saw fitting to recognise her during our Feast of St Cecilias celebration, he explained. Ms Ingraham said being dedicated to something for thirty plus years is not easy. However knowing that her task was a calling from God was her motivation. There were times when I didnt feel like going to practice or didnt feel like going to chur ch but when you know that you have a calling fr om God you just do what you have to do. Ms Ingraham said that she is proud to be honoured for something that she enjoys doing. I wouldnt say that I have a perfectionist voice but I love singing to the glory of God. And to be honoured for something that I love doing was incredible. I was very proud, she said. Ms Ingrahams family members were also in attendance at the service. Evamae Ingraham joined St Georges Anglican church at the age of 18. And the 64 year old widow said: I will be a member of St Geor ge s until the day they lay me west. It is a tradition of St Geor ge s Anglican Chur ch to honour and recognize outstanding members of their music ministr y around this time of the year. PICTURED FROM LEFT TO RIGHT : Rector of St George's Chur ch, Ar chdeacon G Kingsley Knowles, Eva Mae Ingraham, and president of the music ministry, Brenda Archer. ALLSMILES: The family of Eva Mae Ingraham showed their support on Sunday night.
ByALESHACADET Tribune Features Reporter U NDER the theme "No Separation", the members of the Reign's Ministry will come together to host their annual conference that features appearances from Prophet Josias Duke, Minister Kaynell Gould and Pr ophetess Monique Hanna. The event will take place at The British Colonial Hilton, V ictoria Ballr oom on Friday evening starting at 7.30pm. Organisers said the conference is going into it's third year and this year's theme is in light of the recession still being a factor in our country. In an interview with Tribune Religion Prophetess Norma Lightbourne said: This particular theme is because of the recession and the fact that there are so many people that feel defeated as if there is no hope and the Lord allowed me to u se the no separation as a theme to tell people, no matter what we may be faced with or going through, it should not bring a separation to us and our God." Ms Lightbourne explained that the Reign's Ministry has been worshipping in the Hilton every Sunday, and the members saw it as the right thing to host a confer ence for the people of the Bahamas. I do believe that when we stand on the word of God, he will always see us through," she said. I also believe that when we ar e going thr ough something, we are not to feel that is okay for us and not car e about others that would need some sort of direction." She went on to say that in this time of giving thanks, people should not find it hard to help others. My prayer is that people should not feel as if extending a helping hand is a hard thing to do, We were all put on this earth to help each other," she said. I feel as if we ar e appr oaching the end of this year when we build up our faith and become stronger in the word of the almighty God, we will all end str ong and begin the new year 2011 with great anticipation," Ms Lightbourne said. Prophet Josias Duke is set to open the event on Friday evening following Minister Kaynell Gould and Prophetess Monique Hanna speaking on Satur day Ms Lightbourne will speak at the Sunday morning session, which is called the Climax part of the conference. My prayer is that the chur ch will become the healing place with souls that will come in and be healed, delivered and not wanting to ever go back into the past. And the Reign's Ministr y would like to wish the Bahamas a Happy Thanksgiving" she said. The Tribune Thursday, November 25, 2010 PG 27 RELIGION The Reigns Ministry brings to you no separation conference CONFERENCE: BRITISHCOLONIALHILTON NORMA LIGHTBOURNE
W hen we say that something is fit for a king, we are usually referring to a sumptuous meal. Our King, the Lord Jesus Christ, does it in reverse, serving Himself as the meal (His Body and Blood ice to Him. Advent is the time of watching, waiting, preparation and anticipation, or ganised by the Chur ch as the pr oper way to welcome the soon-to-be bor n King Jesus. We are back to the beginning of the Churchs calendar. The next four weeks are to be used as an inventor y check, to r eceive our Saviour in our newly over hauled hearts. What does it mean to be fit for a King who is the Son of God.? How do we accomplish the task set before us? Why is it worth all of the effort? The Holy Bible describes Gods expectations of the people of God as being the following: 1. T o be like faithful childr en who obey their par ents when instructions are given 2. To be like grateful heirs who want to train to be excellent stewards of family property 3. To be humble and holy as guided by the priests and prophets Commitment Our commitment to God is to be rehearsed and renewed daily. We have a new morning to greet us as we open our eyes, and it is Gods gift to us to be used wisely. We have work to do and as we engage in purposeful pastimes as dir ected by the Holy Spirit, we will find ourselves being transformed more and more into the image and likeness of our Lord Jesus Christ, who is the image and likeness of His Heavenly Father. This ef for t is made on our behalf by our Cr eator the Lor d God Almighty. For some strange r eason, our God loves us this much. Suf fering and sacrifice is consider ed a fit price to make us fit. What myster y that we should mean so much and seem to care about it so little. Some of us ar e not moved in the slightest by Gods plan of redemption. Others of us understand its import but are too apathetic and indifferent to bother to engage in spiritual discipline or activity. Most of us who profess to be Christians are lukewarm, and the Book of Revelation tells us that this is unacceptable wor ship and service. A few of us, perhaps the typical righteous remnant, ar e seeking to be demonstrably dedicated. T ime is r unning out. W e need to re-prioritise our time and make this season of Advent what it is meant to be. Matthew 24: 44 warns us: So you must also be ready, because the Son of Man will come at an hour when you do not expect him. Are you getting ready? The Tribune Thursday, November 25, 2010 PG 29 RELIGION Cyberjack 394-6255/4 Electrojack 356-6206/5971 EBC 393-6897 Gadgets and Gears 3937781/82 Fit for a King REV.ANGELA C BOSFIELDP ALACIOUS
Saturday, November firstname.lastname@example.org Parade in Ridgeland, Park West Sunday, November 28,2010 at 9.30pm Christian education hour and the hour of salvation 107.9FM 10.30 amworship service Elvin Taylor will be the speaker 4pm-worship service Rev Ranford Patterson, presiding elder of the NassauFreeport District of the AME church and pastor of Cousin McPhee Cathedral, Carmichael Road will be the speaker. All are welcome A Brief Historical Background of Robinson Moris Chapel AME Church The African Methodist Episcopal Church was established in 1907 in Savannah Sound, Eleuthera. The AME Church began to spread throughout the Island of Eleuthera, Nassau, and presently in Freeport, Grand Bahama. The first AME Chur ch in Nassau was established in 1938 named Mt Sinai with Rev R H Johnson serving as pastor. The Churchs name was changed to the Minister W ives Center in 1956. The Royal Eagle Masonic Lodge Hall was used as a place of Worship and for the Opening Session of the Annual Conference on December 17, 1961. In 1963 a lot of land was pur chase in Ridgeland Park West for the construction for a place of worship. In 1964, the Minister Wives Center was built. Out of the Minister Wives Centre came the Robinson-Mor ris Chapel. In 1975, Robinson-Mor ris Chapel was built under the leadership of Rev James M Sands, and dedicated in November 26, 1978 by the Rt Rev Bishop Samuel Solomon Mor ris. The Pr esiding Elders that served were Rev C B James, Rev E E Benjamin, Rev L O Moss, Rev James Askiew Rev Daniel Scott, Rev James M Sands, assisted by Rev C E Standifer, Rev Leeomia Kelly and now Rev HowardF W illiamson, and Rev Ranfor d Patterson. In 1987, Rev Philip R Cousin, appointed Rev Howard F Williamson as pastor of the RobinsonMor ris Chapel. Under his leadership an Educational Building was built which now hold our pre-school from Nursery to K-4. Pr esently a new pr e-school is under constr uction with mor e than 24 classrooms at a cost of over one million dollars. Robinson-Mor ris Chapel continues to expand its ministries to cater to the needs of all of God s people. Special emphasis is place on teaching training, and empowering believers to serve where the need is greatest. The Tribune PG 30 Thursday, November 25, 2010 RELIGION 46TH ANNIVERSARYCELEBRATION: Robinson-Morris Chapel AME Church schedule of events