The Tribune.
ALL ISSUES CITATION DOWNLOADS
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00084249/01805
 Material Information
Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 2/22/2011
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
System ID: UF00084249:01805

Downloads

This item is only available as the following downloads:

( PDF )

( PDF )


Full Text

PAGE 1

THE groundbreaking ceremony for the Baha Mar development is a milestone in the revitalisation of Cable Beach and the ongoing development of our tourism industry, according to the FNM. In a statement issued yester day under the title FNM brings dreams to reality the governing party noted that on numerous occasions, Prime Minister Hubert Ingraham has expressed gratitude to those who played a role in creating Baha Mar, including at a dinner on Sunday night. For our part, the party said, we are pleased to have brought the project to fruition during our term in office after reviewing and negotiating significant improvements on the original deal negotiated by the former government. On our watch, there is $400 million worth of contracts for Bahamians, and more training, business and employment opportunities for Bahamians. Unlike the former deal, Bahamians will now work on the core project. The party added that following a careful review and rene gotiation, the Bahamas will sell less Crown land, preserve more wetland, and provide reduced concessions for vari ous purposes related to the project. The Bahamian people are aware of the details of this project because the FNM tabled the heads of agreement and numerous side-letters instead of keeping them secret as did the PLP government, the statement said. The party said that in addition to the Baha Mar resort, there are other vital and related projects and upgrades nec essary for the redevelopment of the tourism industry. The FNM noted that before coming to office in 2002, the now opposition PLP promised Bahamians that it would upgrade the countrys tourism infrastructure. Four long years later in the 2006 Speech from the Throne, the Christie admin istration made the same promises again, the governing party said, quoting from the speech: Over the course of this session of Parliament, signifi cant improvements in the following areas will reap rewards for the Islands of the Bahamas: Downtown Redevelop ment, including the Straw Market Expanded and improved airport facilities New or expanded cruise port facilities The FNM said: These promises were not kept and were again re-promised in the lead-up to the 2007 general election. The party said that in addition to helping to bring Baha Mar, the dream, to reality, the FNM launched or completed the following: A new Straw Market designed and constructed since May 2007 Redevelopment of Downtown Nassau Restoration and refurbish ment of historic Hanzard and Supreme Court buildings The City of Nassau Revitalization Act; Relocation of downtown port Dredging of Nassau Harbour to accommodate worlds largest cruise liners Transformation of Arawak Cay into the main cargo port for New Providence Construction of the new $275 million US Departure Lounge at the Lynden Pindling International Airport Advanced the restarted New Providence Road and Public Utility Refurbishment and Expansion Project Upgrades to various Fami ly Island airports and seaports Tendering of plans for Marsh Harbour Airport, the countrys second busiest Commenced construction of multimillion dollar government administrative complexes in Grand Bahama and in Abaco To further facilitate Baha Mar and the redevelopment of Cable Beach, the construction of a new four-way highway will commence next week, the party said. The highway will connect the new LPIA to the new six-legged roundabout, and connect to a new northward extension of Gladstone Road to West Bay Street from the juncture of JKF Drive and Gladstone Road. Work on the Gladstone Road extension is already underway as a part of the road deviation works associated with the Baha Mar development. The FNM added: To improve the quality of life for Bahamians and help in the redevelopment of our key industry, the FNM is pleased to have launched the most ambitious infrastructural programme in Bahamian history in the midst to one of the worst global economic downturns in the lives of most Bahamians. LOCAL NEWS PAGE 2, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net VIBRANT colours, intricate decorations and a beautiful ocean backdrop set the stage for a ceremony marking the official ground-breaking and start of construction on the $2.6 billion Baha Mar development project. At the ceremony, held under the theme Unleash the Baha Mar Spirit, the companys chairman and CEO Sarkis Izmirlian said he never lost faith that the project would get off the ground. It has been a long road of challenging twists and gratifying turns we never doubted the viability of the unique project, he said. Launched during the worst economic recession since the Great Depression, Mr Izmirlian said the project will have a positive impact on the economy, employment and the travel and leisure industry not only in the Bahamas, but throughout the entire Western Hemisphere. Promising to set the bar for tourism in the region and hemisphere, Mr Izmirlian said the development will be unrivaled and will lead the industry out of the recession. Baha Mar will include three internationally recognised hotels, a casino, 24 restaurants, lounges and night clubs, a 50,000 sq ft village featuring luxury retail stores and Bahamian crafts and products, a golf course, a 20-acre echo water park, and the largest destination spa in the region. It will be like marrying the excitement and true experience of Las Vegas with the soul, beau ty and spirit of the Bahamas, he said. Deputy Prime Minister Brent Symonette said that while the project faced initial challenges, the ceremony marks a significant moment for the countrys leading industry. He said: This moment represents the culmination of a long, painstaking process and the beginning of the redevelopment and rebirth of a critically important part of the Bahamian tourism establishment. Mr Symonette said the details of the project were painstakingly negotiated between the government and Baha Mar, in order to ensure maximum benefits for the Bahamas and Bahamians. He noted that Baha Mar will create $400 million worth of construction work for Bahamian contractors and subcontractors an unprecedented amount from a single development. Estimating that as many as 4,500 Bahamians will be engaged during the projects construction phase, Mr Symonette said it is expected that there will be numerous opportunities for Bahamian entrepreneurs to benefit both directly and indirectly. He said: In addition to securing and expanding employment in the construction sector, the Bah Mar project is also expected to make a significant contribution to the broadening and enhancement of the skill base of the construction workforce. Ambassador of the Peoples Republic of China Hu Dingxian said the ceremony marks a milestone in the China-Bahamas relationship. He said that since the establishment of diplomatic relations 40 years ago, the countries have formed a friendly co-operation relationship of equality, mutual respect, mutual benefit and winwin yielding fruitful results. Ambassador Hu said that in an era of globalisation and interdependence, no country can develop in isolation. China is committed to an economic relationship of co-operation and mutual benefit, he said. Spirit of Baha Mar unleashed at ground breaking ceremony $2.6BN PROJECT GETS UNDER WAY FNM: We have brought the Baha Mar dream to reality CHIEF PRINCIPLES: Pictured l to r, Dai Churning, General Manager, Corporate Business Department, Export-Import Bank of China; His Excellency Hu Dingxian, Resident Ambassador from the Republic of China to the Commonwealth of The Bahamas; Li Ruogu, Chairman and President, Export-Import Bank of China; Hubert A. Ingraham; Prime Minister, The Commonwealth of The Bahamas; Sarkis Izmirlian, Director & CEO, Baha Mar Ltd.; Liu Jin Zhang, Vice President of China State Engineering Company, and Chen Guocai, Vice President, China State Construction Company. SIGNATUREMOMENT: Deputy Prime Minister Brent Symonette said that while the project faced initial challenges, the ceremony marks a significant moment for the countrys leading industry. Tim Clarke/Tribune staff Tim Clarke/Tribune staff DIGIT! Ground-breaking begins. Company CEO Sarkis Izmirlian is pictured third from left.PHOTO: Derek Smith, Jr. BAHAMARDREAM: Prime Minister Hubert Ingraham and the companys chairman and CEO Sarkis Izmirlian at the Baha Mar state dinner on Sunday night. Mr. Ingraham expressed thanks to those who played a role in creating Baha Mar.

PAGE 2

LOCAL NEWS THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A 21-YEAR-OLDman charged with breaking into several homes in the Chippingham area was arraigned in the Magistrates Court yesterday. Darren Cooper was arraigned before Chief Magistrate Roger Gomez on housebreaking and stealing charges. Cooper is accused of breaking into several homes on Constitution Drive, Poitier Avenue, Church Hill Avenue and Baldwin Avenue, Chippingham, between December of last year and February 15, 2011. He is accused of stealing hundreds of dollars in jewellery and electronics. Cooper, who was not represented by an attorney, opted for a trial in the Magistrates Court. He pleaded not guilty to the charges. Sergeant Claudette McKenzie, the prosecutor, objected to Cooper being granted bail, claiming that Cooper might commit similar offences if released and that investigations were still ongoing into other matters allegedly involving Cooper. Chief Magistrate Gomez denied Cooper bail, citing the number of charges against him and the serious nature of the charges. Cooper was remanded to Her Majestys Prison. The case has been adjourned to March 2 and transferred to Court 6, Parliament Street. FREEPORT A young man was fatally injured in a traffic accident on Mon day, according to unconfirmed reports reaching The Tribune. Police have not yet released any information on the accident up to press time, but the victim is believed to be 26-year-old. By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net CONSUMER choices at the level of households, businesses and institutions will drive the change to a renewable energy society, Minister of Environment Earl Deveaux said at the launch of the Bahamas Waste biodiesel facility. The plant converts waste cooking oil supplied by companies like Bamboo Shack, Burger King, McDonalds, KFC, and Wendys to biodiesel for use in the companys fleet of vehicles and all other mechanical equipment currently using petroleum diesel. Research conducted by the Cape Eleuthera Institute shows the Bahamas generates 700,000 to 800,000 gallons of waste cooking oil annually between cruise ships and commercial restaurants. Small scale restaurants and residential properties generate an additional few hundred gallons. Phenton Neymour, Minister of State for the Environment, said of all the companies granted licenses for biodiesel production, Bahamas Waste came out of the blocks running and cross the finished line first. In praising the initiative, Mr Deveaux said there are many opportunities for the private sector and individual consumers to move the country towards energy efficiency, and there are decisions that are entirely in the hands of Bahamians. P aintingOne of them is changing the colour of your roof by painting it white to reduce amount of heat energy entering your home, said Mr Deveaux. Another is converting to solar water heaters and energy efficient light bulbs, he said, as well as leaving trees around your property to reduce the energy load on your home. Mr Deveaux said all of the blinking lights on electronic equipment indicate energy is being consumed. He encouraged Bahamians to adopt the practice of turning of the computer rather than leaving it on sleep mode; turning off the television when no one is watching it; and generally being conscious of energy consumption habits. There is currently legislation in place to create incentives for energy efficiency, said Mr Deveaux, although he agreed it does not go far enough. Amendments in the Tariff Act, he said, provide preferential tariffs for energy efficient devices, appliances, bulbs and vehicles. Energy efficiency on appliances is measured by a SEER rating (Seasonal Energy Efficiency Ratio). Mr Deveaux said: If you are having problems at the border it is probably because the Customs officer does not know what a SEER rating is. He said consumers should hold their ground and simply educate the officer to access their cost savings. Consumer choices will drive change to renewable energy MAN A CCUSED OF BREAKING INTO SEVERAL HOMES RENEWABLE ENERGY: Earl Deveaux RESPECTS were paid yesterday to retired ACP Basil Elisha Dean at Police Headquarters. Mr Dean died at Cleveland Clinic, Weston, Florida on February 11th. He was diagnosed with colon cancer three years ago. He was 63. The funeral service will be held tomorrow at 11.00am at Christ Church Cathedral, George Street. Tim Clarke /Tribune staff RESPECT SPAIDTORETIRED A CP B ASIL ELISHA DEAN SANTO DOMINGO, Dominican Republic Associated Press THE Dominican Republic says it will burn fresh meat and seafood from Haiti that does not have a certificate demonstrating it is free of cholera bacte ria. Health Minister Bautista Rojas says the measure is intended to prevent cholera from spreading through the informal trading net work between the two neighboring countries. Rojas said Monday the military has been authorized to seize and destroy uncertified raw animal products. Dominican authorities blame lobster from Haiti for sickening dozens of people at a wedding last month The Dominican Republic says three people have died and 400 sickened from cholera since October. In Haiti, cholera has killed more than 4,500 people and sickened 234,000. DOMINIC AN REPUBLIC T O BURN UNCERTIFIED RAW FOOD FROM HAITI

PAGE 3

EDITOR, The Tribune. Kindly allow me space in your most valuable paper to express my views on the current, chaotic state of the nation. Everywhere one turns people are pointing out how bad our country has deteriorated, and that the Bahamas we once loved and knew is no more. I believe that our country is out of order because those in authority are out of order. There is a lack of respect among the nations leaders and defenders of the law so it follows that this has naturally trickled down to the masses. Lets take a look at what is occurring in the country now. We have political and religious leaders publicly demeaning their colleagues and displaying inappropriate behaviour in the society. There is no respect amongst them and they can care less that the youth of our nation are watching and emulating them. Then, as soon as there is an eruption in one of the local high schools or neighbourhoods, they are quick to pontificate, not realising that these young people are acting out the behaviour mod eled for them. Now, I am not so naive to believe that this is the only reason our young people are destroying themselves and our nation, but it is definitely a contributing factor. I am appalled though, that in many of the recent, violent crimes committed, young people, even teenagers were the perpetrators. I turn my attention now to those who are defenders of the law and caretakers of our youth. Far too many police officers and school teachers are being brought before the courts for crimes of every nature. This is highly ridiculous in a nation that is so small and cohesive. If you cant depend on those entrusted to uphold and defend the law then there will be chaos and vigilante justice, which ultimately leads to the destruction of the very fiber of our nation. Police officers and teachers are caught up in nasty scandals and crimes and these are the same persons that are sent out to settle disputes and bring harmony in the community. This contributes to the lack of respect shown to them from members of the public. This is unacceptable, we need to do better screening of those called to do such vital and noble services. I was disgusted the other day when I read one of our dailies and saw a teacher who was charged with indecent assault of several boys entrusted to his care. I was equally appalled to read of the many, criminal cases involving police officers. If we cant trust the police, who can we trust? I recently heard of a case where a police inspector sided with a complainant who it was claimed was a personal friend of his to concoct a lie against another person. The case ended up before the courts and it dragged on for a long time, wasting the tax payers monies and time. The magistrate obviously did not have sufficient evidence to charge the defendant. The case was subsequently thrown out because it boiled down to you say and I say. This, therefore, brings me to my final point, where is the justice system in this country? It is too slow, disjointed, corroded and heavily biased. It seems as if it is who you know in this country to get things done, this ought not to be. Anyone committing crimes should be prosecuted in a timely manner, no matter who you are or who you know. I was both happy and sad to see a former magistrate brought before the courts to do the right thing yet, sad that it had to come to that. These are the people who represent our legal system and they should be above reproach. The latest fiasco of the Bar Association not wanting to permit our new Director of Public Prosecution, to the Bahamas Bar was horrific and in poor taste. Thank God, they relented. We need to take stock of what is happening in our nation and rise to the challenge of assisting the government in restoring peace, law and order to our beloved Bahamaland. Time is of the essence, but it would be remiss of me not to commend our Commissioner of Police and his team for the proactive stand that they have taken with the Rapid Strike initiative to rid our country of crime. Thank you for the space and may God help us. A CONCERNED BAHAMIAN Nassau, February, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE The Tribune LimitedNULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon.) LL.D., D.Litt Publisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P .O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama WEBSITE www.tribune242.com updated daily at 2pm BEIJING For those who rule out the possibility of a Middle East-style democracy revolution in China, consider the town of Xiangshui. There, tens of thousands of farmers fled their homes this month in a middle-of-thenight panic on rumours that a nearby chemical plant with a bad safety record would explode. The chaos ensued despite appeals from officials that the rumours were unfounded. It left four people dead when a motorized three-wheel vehicle jammed with 20 people veered into a river. China may have successfully squelched a mysterious call for protests Sunday, but people's trust that the government will look after their interests runs shallow. "The current regime structure is very fragile. It's not right for revolution at the moment, but that doesn't mean mass political upheaval can't take place in the future," said Minxin Pei, a China politics expert at Claremont McKenna College in California. In the latest test, China's authoritarian government seems to have dispatched the threat of public protests with great efficiency. In response to an Internet appeal of unknown origin for simultaneous protests in 13 cities Sunday, police detained known activists, disconnected some cell-phone text messaging services and blocked online searches for the phrase "Jasmine Revolution" the name of both the protest call and the wave of Middle East democracy protests that started in Tunisia. As a result, only a handful of people protest ed in Beijing and Shanghai, though hundreds of onlookers made it difficult to discern sympathizers from rubberneckers. On Monday, many activists remained in detention or unreachable, state media mainly ignored the protests, and Internet connections to news sites and search engines were sporadic, usually a sign of heavy government monitoring. Tens of thousands of large-scale though local protests take place every year over corruption, seizures of land for development and other acts of government misfeasance. Food safety scandals over milk laced with industrial chemicals and rice contaminated with heavy metals have shaken the confidence of middle class consumers. Still few China watchers believe a revolution is at hand, following the mass demonstrations that swept the autocratic rulers of Tunisia and Egypt aside and are now violently engulfing Libya and roiling Alge ria, Bahrain and Yemen. Conditions in China aren't quite as desperate. China is the world's fastest-growing major economy, with economists predicting another year of better than 9 per cent growth for 2011. While unemployment is surely higher than the nearly 5 per cent urban joblessness rate, factory wages and conditions are improving for many. University graduates a crucial group in Egypt's uprising are finding jobs in China, though they are poorly paid. The military, at least at the leadership level, is not showing fissures in support for Communist Party rule, and the police state has suppressed any opposition leaders or organizations from emerging. "If you look at Chinese people, their lives are improving. There's no way they are going to put their lives on the line," said Jing Huang of the National University of Singapore. Yet as adept as the Chinese leadership has become in learning from the mistakes of other authoritarian regimes and keeping the economy humming, it has steadfastly refused to open up the political system. That insistence on "maintaining stability," in the government's phrase, is now seen by many in China as exacerbating social problems: rampant government corruption, glaring gaps between the haves and have-nots and withering public trust. "History will prove that stability cannot be placed above all else and that quite possibly will destroy all else. This ossified mentality that stability overrides all else will nip in the bud all our efforts to bring health to Chinese society," said often outspoken Tsinghua University sociologist Sun Liping in a commentary last week on the Renmin Wang website. Rather than social upheaval, Sun's diagnosis is that Chinese society is speeding toward extinction, crushed by government power that ruthlessly protects vested interests. One of those who wanted to take part in Sunday's protests, lawyer Liu Shihui, posted a message on Twitter "I have a date with the Jasmine Revolution group" but never made it. At the doorway to his home in the southern city of Guangzhou, five men stopped him, hooded him and beat him with sticks of bamboo. He received treatment for cuts and possible fractures on his legs. It isn't just activists who suffer. An analysis of the stampede in the coastal town of Xiangshui found that locals had good reason to be worried about the chemical plant's safety. After a 2007 explosion killed eight people, the local government prevented reporters from investi gating the accident, said the analysis posted on a web site run by the national prosecutor's ministry. The government has become so adept at silencing critics and suppressing protests, starting with the Tiananmen Square democracy movement in 1989, that scholars worry that it is becoming a well-worn tool. When that happens, police states can tire, and Claremont McKenna's Pei said, regimes that look very stable sometimes collapse, like the communist bloc in Europe in 1989, Indonesia a decade later and seemingly Egypt this year. The original, anonymous call for a Chinese "Jasmine Revolution" echoed some of the tactics of these earlier movements. The appeal said people should gather not just this past Sunday afternoon, but on every Sunday afternoon. (This article was written by Charles Hutzler of the Associated Press who has covered China for more than a decade). The nations leaders are out of order LETTERSletters@tribunemedia.net Discontent, but no revolt in China yet 6$925
PAGE 4

By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net FIREFIGHTERS continue to monitor smouldering rubble at the fire-ravaged Betty K Agencies, as investigations into the blaze continue. Safety concerns have prevented firemen from access ing certain parts of the building. Fire Marshall Jeffrey Deleveaux said: There is a particular area in that building that ignites at times. It is in a very dangerous area that is very unsafe for officers to enter. Whenever it flares up we would go into the area. Firefighters were called to the site to extinguish smouldering remains again on Sunday. The fire marshall explained that the stillsmouldering embers are located near an unstable wall, which threatens to collapse at the slightest pressure. Mr Deleveaux said the bulging wall could criti cally injure officers if it were to give way. He said: Any pressure can tilt it over and we could lose officers as a result. (The fire) is on the floor, there is no danger of it spreading. All of the hot spots in the area have already been put out. We would like to have that particular area demol ished, but we will just have to put water from the out side until that happens. Mr Deleveaux explained that demolition of the struc ture will be organised by the Ministry of Works and the property owners; however, fire investigations must be completed first. In a previous press statement, the fire chief said it would take months before a complete report would be made available to the public. Mr Deleveaux added: We have officers in various parts of the building doing investigations, so at this point we are trying to pre serve as much as we can. We are not concerned (with the embers). The historic Betty K Building was gutted by fire on February 14, leaving behind a charred shell of what was a relic of the old City of Nassau. The blaze temporarily displaced hun dreds of workers and destroyed millions of dollars worth of merchandise. The building, erected in the 1920s, was a part of the Antiquities, Monuments and Museum Corporation's list of historical sites.Investigations continue into cause of fire at Betty K building LOCAL NEWS THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM FNM MP Sidney Collie has hit out at a local tabloid for what he said are false claims that he intends to retire in the run-up to the general election. Yesterdays front page article alleged that he is to be replaced as a candidate for the Blue Hills constituency, which he currently represents, by FNM senator Michael Pintard. Mr Collie said it was the second time in recent weeks that erroneous claims about his political future have appeared in the tabloid. Nothing could be further from the truth, the MP said of the claims. Mr Collie said that normally, he would not bother to answer such wild speculations, but reasoned that the tabloid is read by many Bahamians, including some in his constituency, so he felt it was necessary to set the record straight. For the record, I intend to run in the 2012 general elec tions in Blue Hills for my party. I will become a member of the new FNM team after the next election. When the time comes for me to retire, I shall first inform my constituents and my party. In the meantime, the fight goes on in Blue Hills, Mr Collie said. The story to which he was responding appeared in yesterdays edition of The Punch. The article noted that Mr Collie recently accepted the post of non-resident High Commissioner to CARICOM. The story also claimed that Zendal Forbes, a lecturer at the College of the Bahamas, will make his political comeback and represent the FNM in South Andros against PLP incumbent Picewell Forbes. Zendal Forbes ran in South Andros in 1997 but lost out to former prime minister the late Sir Lynd,en Pindling. Senator Pintard, who The Punch tipped to replace Mr Collie in Blue Hills, also ran in the 1997 election in the Centreville constituency, but was defeated by current PLP leader Perry Christie. FNM MP hits out at false claims from local tabloid DEVASTATED: Damage by the fire that destroyed the Betty K Agencies buiilding and ajoining structure. S a f e t y c o n c e r n s h a v e p r e v e n t e d f i r e m e n f r o m a c c e s s i n g c e r t a i n parts of the building. TWO laser machines have been purchased for the Princess Margaret Hospital Eye Clinic on Soldier Road. The Yellow Birds, the volunteer auxiliary organisation stationed on the hospital com pound, donated the machines a YAG Laser and a Diode Laser. President of Yellow Birds Corinne Fountain said the decision to purchase the machines came about after they received a wish list from the Chief Medical Administrator. Each year, the Yellow Birds ask the Chief Medical Administrator for a wish list of what is needed at the hospital, said Ms Fountain. This year, through donated funds and money raised through the canteen and gift shop, we were able to raise the funds to pur chase the machines. Present to receive the machines was Senior Assistant Hospital Administrator, Lisa Deveaux, who thanked the Yellow Birds for their efforts and said that the gift would be put to work immediately to save peoples sight. According to Dr Antonio Guerrero, consultant in the Section of Ophthalmology, the two machines will be instrumental in dealing with persons who suffer from diabetes-relat ed eye ailments and persons suffering from cataracts and glaucoma. We are particularly happy to receive these two machines because they are specific to the key areas of eye problems that affect Bahamians, said Dr Guerrero. The YAG laser will help us to get better diagnosis for persons suffering from cataracts and glaucoma whereas the Diode laser will be used on patients who have eye complications as a result of diabetes. The machines were purchased at a cost of $123,000. PMH Eye Centre r eceives laser machines PICTURED from left to right: Lisa Deveaux, senior assistant, Hospital Administration; members of the Yel low Bird organisation; Dellareese Russell, manager of the Eye Clinic; Corinne Fountain, president of the Yellow Birds and Dr Antonio Guerrero, consultant ophthalmologist. TAKING A LOOK: Dr Guerrero demonstrates how the laser machine will be used. Raymond Bethel/BIS Photos

PAGE 5

THE NASSAU Airport Development Company announced that it will host the fifth Routes Americas forum in February 2012 at the Atlantis Resort on Paradise Island. During a handover ceremony in Santo Domingo on Tuesday, NAD president and CEO Stewart Steeves accepted the baton from Dominican Republic-based airport operator Aerodom to host next years forum. The lunch-time ceremony featured an all-Bahamian menu created and supervised by Cacique Award-winning chef, Don Ingraham. Routes Americas is a part of several regional events produced by UK-based Routes (part of UBM Aviation Ltd). The annual event brings together more than 200 key players in the airline and airport industry from North, Central, South America and the Caribbean for strategic networking on air service development. Routes regional events include Routes Americas, Routes Asia, Routes Europe, Routes Africa and Routes CIS (Commonwealth of Independent States). Mr Steeves said: We are very excited to have the opportunity to host the 2012 Routes Americas and to be able to receive and entertain delegates from around the world. Together with our partners, the Bahamas Min istry of Tourism, Atlantis and other tourism stakeholders, we hope to use next years forum to showcase the Bahamas and the incredible development that is taking place on Nassau and Paradise Island. With Atlantis as the host resort, we expect to attract a great number of delegates to the destination. Dave Stroud, senior vice president of Routes, said: After such a successful 4th Routes Americas, it is with eager anticipation that we hand the event over to Nassau Airport Development Company and look forward to seeing how they build on the success of this event for next year. The hosts are right in the midst of a massive $409 million redevelopment project which will provide an excellent opportunity to give delegates a first-hand experience of what such a task involves. I am confident that the 5th Routes Americas will leave a big and positive impression with delegates. Nassau Airport Development Company is a Bahamian company, owned by the government, and is under a 10-year management agreement with Vancouver Airport Services (YVRAS). In April 2007, NAD signed a 30-year agreement with the government to manage, operate and redevelop the Lynden Pindling International Airport (LPIA). In March 2011, the new US Departures Terminal will open as a part of stage one of the airport redevelopment project. LOCAL NEWS PAGE 6, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE T O DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE gala opening for the new US departures terminal at the Lynden Pindling International Airport is planned for this Friday. The Nassau Airport Development Company (NAD) is hoping to have most of the US departure terminal restaurant and retail concessions open by this date. Apart from eight restaurants, bars and lounges, the finished US departures terminal will hold 10 retail stores and three mobile retail carts. Among the Bahamian bands scheduled to perform for the official opening will be the band Ting Um Dem. The band is well-known for its high energy, lively renditions of music of the 70s 80s, rake n scrape, soca, light jazz and reggae musical selections. Pictured here from left to right are: Fred Ferguson, lead guitarist; Dion Turnquest, tenor saxophonist; Colin Grant, drummer; Earl Forbes, bass guitarist; Shacara Newton, vocalist; Byron Thompson, keyboardist; Trent Carter, lead vocalist; DAngelo Moss, trum peter; Tino Richardson, alto saxophonist. NAD wins bid to host regional air service development forum ANDREW OBRIAN CEO, Aerodom (left) handing over the Routes Americas host award to Stewart Steeves, president and CEO, NAD. NEW AIRPOR T TERMIN AL GAL A OPENING THIS FRID A Y SCHEDULED to perform for the official opening will be the band Ting Um Dem. Shar e your news The T ribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your stor y

PAGE 6

IN CELEBRATION of Black History Month, US Ambassador Nicole Avant and her husband Ted Sarandos hosted American education reformer and advocate Geoffrey Canada, president and CEO of the Harlem Childrens Zone. Mr Canada shared insights from his work over the last two decades on closing the achievement gap in Harlem, New York with local public and private sector leaders, including representatives from the Lyford Cay Foundationandthe Cape Eleuthera Institute. Government officials who participated in the dialogue included Minister of Education Desmond Bannister; Minister of Labour and Social Development Dion Foulkes; Minister of State for Social Development Loretta Butler-Turner; and Perma nent Secretary in the Ministry of Education Elma Garraway, who presented the vote of thanks on behalf of the government, In her remarks, Ambassador Avant emphasised that the goal of US Embassy events such as the dialogue with Mr Canada, is to connect technical experts from the United States with Bahamian leaders to foster future collaborations. In the United States much like the Bahamas schools and communities are grappling with the challenge of ensuring that the next gen eration is prepared for our rapidly changing global environment Geoffrey Canada is an innovative leader who firmly believes that all students have the right to a top education, regardless of where they live, Ambassador Avant said. Geoffrey Canada is nationally recognised for his pioneering work helping children and families in Harlem and for being a leading voice for education reform in America. CollegeAs President and CEO of the Harlem Children's Zone (HCZ) in New York City, he has dedicated the past 20 years to helping the most impoverished, at-risk youth in America obtain a top education and go on to college. The New York Times Magazine called the HCZ "one of the most ambitious social experiments of our time. Mr Canada was recently profiled in the 2010 film Wait ing for Superman directed by Davis Guggenheim who also directed the climate change documentary An Inconvenient Truth featuring former US Vice President Al Gore. Mr Canada led the launch of the Harlem Children's Zone Project in 1997 by defining a geographic area in Cen tral Harlem and infusing the Zone with a range of comprehensive services targeting students, their peers, and parents. Mr Canada, who grew up in the Bronx and graduated from Harvards School of Education, targeted Central Harlem because it was home to the largest number of children in foster care of any place New York; the worstperforming schools; the highest incidence of children entering the criminal justice system; and one of the highest rates of children with asthma in the United States. Today, the HCZ covers 100 blocks in Harlem and aims to serve over 10,000 children this year. Mr Canadas strategy for reversing years of neglect and low achievement in Central Harlem is focused on the belief that in order to change the lives of inner-city kids, interventions must go beyond schools by targeting families, and the surrounding neighborhoods. His sense of urgency is based on data from the last two decades that shows a large majority of students in economically depressed areas in the United States do not receive minimal levels of instruction while in school and often graduate unpre pared to compete in a flat global environment. Educators need to face the fact that the old model doesnt work. The old model wasnt designed to prepare all students for collegea very small percentage of students were being prepared for college, and everybody else was being prepared for the factories, Mr Canada told the group of Bahamian leaders.TeachersIn the Harlem Childrens Zone, teachers are fully responsible for students success. Mr Canada described the HCZ as a no excuses environment. The HCZs charter school, called the Promise Academy, commits to doing whatever it takes to ensure that its stu dents enter and succeed in college. To fulfill that promise, stu dents and parents must commit to longer school days and an extended school year. All Promise Academy students have access to quality health care and top performers are rewarded for their achievements. The HCZs ultimate goal is to break the cycle of gen erational poverty by ensuring its students attain rewarding careers and become valuable members of their community. Due to the HCZs data driven environment, researchers including Will Dobbie and Roland G Fryer Jr from Harvard University have been able to track and analyse student outcomes. Their April 2009 study documented the Promise Academys dramatic academic gains; effectively closing the black-white achievement gap in mathematics at the middle school level and in mathematics and English at the elementary school level. Their findings show that a high quality learning envi ronment is an essential com ponent in the Promise Academys success and that community investments alone cannot explain the charter schools results. Both US President Barak Obama and First Lady Michelle Obama have publically recognised Mr Canadas achievements and the HCZs holistic approach. The Obama Administration set aside $10 million in funding to establish "Promise Neighborhoods" to support cradle-to-career services in a diverse set of communities throughout the United States, including major metropolitan areas, small and medium-size cities, rural areas, and one Indian reservation. Using the HCZ as a model, on September 21, 2010, US Secretary of Education Arne Duncan announced that 21 nonprofit organisations and institutions of higher education would receive one-year grants to create plans designed to improve the edu cational achievement and healthy development of chil dren throughout the United States. LOCAL NEWS THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Education reformer shares insights from Harlem Children s Zone with Bahamian leaders HAVANA Associated Press THE exclusive seller and exporter of Cuban cigars said Monday that sales of the island's coveted smokes rose 2 percent in 2010, rebounding slightly after falling for two straight years amid the global economic crisis. Total sales were $368 million last year, Habanos SA vice president Javier Terres told reporters, up from $360 million in 2009. "We are moderately satisfied," Terres said on the opening day of the 13th International Cigar Fes tival. It is the first positive growth in two years, but still down significantly from the $402 million record ed in 2007. Sales fell 3 percent and 8 percent, respectively, in 2008 and 2009. Company officials also say sales have been hurt by increasingly strong anti-smoking ordinances in Spain, the No. 1 market for the premium, hand-rolled Cuban cigars. Most recently, a law enacted Jan. 2 makes it illegal to light up in the European nation's tapas bars, restaurants, discos, casinos, airports and even some outdoor spaces. Nevertheless, Terres said Spain continued to be the top buyer in 2010, followed by France and China, which replaced Germany as the third-biggest importer. In Latin America, the biggest cigar earnings came in Cuba mostly from sales to tourists followed by Brazil and Mexico. Washington's half-century-old trade embargo prohibits Cuban cigars from being sold in the U.S. Terres said officials are expecting revenues to be similar this year. He added that the company is working to develop potential markets in Eastern Europe and the Middle East, and intends to open more "Casas del Habano," or "Cigar Houses," where aficionados can sample the aromatic stogies. There are currently 142 "Casas" around the world. Habanos SA also made its first public acknowledgment Monday of a corruption investigation involving four top executives last year. The probe has long been the subject of rumors, which increased recently after the designation of a new Cuban vice president of the company. Marketing director Ana Lopez said the case is still under investigation and no conclusions have been reached. "We do not believe that this has affected (the company's image). We continue to work with the same effort," Lopez said. Habanos SA, a mixed company comprising British-owned, Madrid-based Altadis and Cuban state-run firm Cubatabaco, sells 27 premium brands including Cohiba and Montecristo. Cuba r epor ts cigar sales up tw o per cent last y ear Geof fr e y Canada, f eatur ed in W aiting f or Super man f ilm, speaks to g o v er nment of f icials EDUCATION REFORMER: Geoffrey Canada shared insights from his work.

PAGE 7

LOCAL NEWS PAGE 8, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE T O DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM explained that the city water supply would come from one of the desalination plants and is properly treated to meet standards for potable water use, such as drinking or cooking. The statement read: Residents who may not have a water connection or those, whose supply may be disconnected, are urged to contact WSCs customer services department for possible assistance. Excess water and waste exploded from the overworked 20-year-old plant on Friday, bringing increased urgency to scheduled corrective actions planned by WSC. More than one million gallons of untreated waste were estimated to be overflowing daily as WSC employees worked throughout the weekend to cap the spewing valve, unclog waste reservoirs and stem the flow of raw sewage into the community. Officials explained the spillage was a chronic problem for the waste and water treatment plant at Pigeon Plum Street, as it had become inundated by the load from Pinewood Gardens and Lynden Pindling estates. In yesterdays press statement, the corporation explained that it took emergency steps to resolve failures and resume operations after the main and secondary disposal wells at the Pinewood Gardens wastewater treatment plant began to experience failures late last year. The WSCs statement read: In tandem with those emergency measures, WSC commenced planning for the drilling of a new, deeper disposal well at this site as both existing wells are over 20 years old. In recent days, the wells failed again and our investigations indicated that more extensive actions were required. Work on the new 600ft deep disposal well is expected to commence by early March, with other site improvement and security works also to be undertaken. This month, a public analyst from the Department of Environmental Health Ser vices (DEHS) issued recommendations for the management of the plant. The analyst recommended consistent odour treatment of the area by DEHS; no dumping signs; land elevation and for the valves at the plant to be raised; and a new deep injection well for the expansion and improvement of the facility, which should be enclosed by a concrete wall. The official also advised that the property should be cleaned on a regular basis, to remove solid waste and keep vegetation under control. The corporation assured residents they were working closely with the DEHS and other agencies to address their concerns and to protect the environment. The statement added: WSC sincerely apologises to the affected residents and pledges our commitment to bringing about a proper solution at the earliest possible date. Last month, the Bahamas Communications and Public Officers Union (BCPOU) and the Bahamas Public Managers Union (BCPMU) filed a joint action in the Supreme Court raising a number of issues. Among those issues, the unions questioned the right of the government to sell the assets of the corporation. The unions contend that the government does not have the legal right to sell BTC. In his ruling last week, however, Justice Neville Adderley found that the BCPOU and the BCPMU lacked the legal standing to commence legal action or to claim the remedies set forth in their writ The unions commenced litigation against Batelco, the Bahamas Telecommunications Limited, its Executive Chairman Julian Francis and the Attorney General on January 11 applying for an ex parte injunction to block the sale for 51 per cent of BTC until the determination of the substantive hearing. the back of a truck involved in the accident with a police cruiser, says she, as well as the parents of the other children, do not want the incident to be swept under the rug. She claims that not only were police at fault but they also showed no concern for the injured children following the accident. Police reports state that around 9.35pm last Friday there was an accident on Gladstone and Fire Trail roads involving a 2009 Crown Victoria license plate number 174052 and a 2001 Daewoo Labos truck license plate number 19804 driven by a 37-year-old man with five people at the rear. The reports further state that the Crown Victoria was travelling south on Gladstone Road and the truck north on Gladstone Road when the two vehicles collided. Mrs Deleveaux told The Tribune : The police hit the truck. There was an eyewitness who told me that she didnt hear a siren and that the car just came up beside her and overtook her. The police car knocked the back of the truck right off. They hit the truck from the side. They hurried up and cleaned up the scene. Mrs Deleveaux claimed the officers involved in the crash had left the scene before the EMS personnel arrived to assist the children. They are not going to sweep this under the rug. My child is still laid up in the hospital. His eyes are swollen shut. He hasnt eaten anything since Friday. They dont know if hes going to need surgery. One of the boys cant remember anything, another boy can barely walk and they arent showing any concern for the kids, she said. Police press liaison officer Sergeant Chrislyn Skippings said the matter is currently under investigation. The Tribune was also directed to speak to Assistant Commissioner of Police Willard Cunningham who told The Tribune that while he was not personally aware of the incident, such complaints (involving persons leaving the scene of an accident) should be directed to the police traffic division. l Did you witness this accident? Are you the parent of one of the injured children? If so, contact The Tribune newsdesk at 502-2359. However, a source close to Mr Ingraham last night described Mr Christie and the PLP as trying to grab for straws so that they can have another issue. The source said the absence of the nations chief is only being used by the PLP now to try and shift the focus of what actually was accomplished yesterday. Mr Ingraham is the head of state. He is not a public relations man. He sent his deputy there. The PLP is just trying to grab for straws so that they can have another issue. If he was there he would have overshad owed Christie. This is much to do about nothing. Look at what was positive today. This was the launch of an idea whose time has come. That is all, he said. The source added that the groundbreaking of Baha Mar is actually not a good day for the PLP, as it proves once again that Mr Ingraham was able to conclude something that Mr Christie was unable to do. Christie should have been paying attention today. For the PLP it is always about them trying to steal the limelight. Today was a good day for the country. Instead of them celebrat ing that, they want to cuss Ingraham. Let them talk about the merits of the development. That is what they should be talking about, not the fact that the Prime Minister did not attend, he said. When Baha Mars president of external affairs, Sandy Sands was asked for his impression on the Prime Ministers absence, he retorted that the government of the Bahamas was well represented in large numbers at the ceremony. The government of the Bahamas has given its support to this project. The Prime Minister celebrated with us last evening, and we will not enter tain any more questions on that this evening, he said. However, the Oppositions leader said that there ought to be some explanation from the Prime Minister for his no show at the proceedings especially considering the fact that he attended the private dinner only the night before at the Sheraton hotel. In fact, Mr Christie added that he felt Mr Ingrahams failure to show was designed specifically not to give him or his party the respect they deserved for bringing this pro ject through to where the FNM are now able to reap the rewards. That is why I thought what I saw last night was going to be put into public print and through the media today because he was acknowledging for this to happen both govern ments must have played a sig nificant role. I actually said to him last night that, you remember when you opened the Reef, which was commissioned by my government as a part of the third phase of Atlantis, he said well Christie you have to face it, sometimes the government that sows isnt the government that reaps. So you sowed and I am now reaping. Well for me again this is a wonderful example of our having given a life to the vision, negotiated agreements, and the FNM coming in afterwards and bringing it to fruition. And so truly the country benefits from it. And I would have thought there would be very little room if any for any politics to be made of this occasion. It is a very special occasion for the country and it is by far the most significant develop ment of its kind in the hemi sphere. And it comes at the time when the government would wish the entire world to see the confidence reposed in the country and therefore to herald that, and there is no bet ter person than the countrys CEO, the Prime Minister, to symbolize the countrys appreciation by his presence, so I assume he has an explanation to make with his time on this matter and we will see, he said. For his part, Mr Christie said he believes the country knows the role he and his government played in the developments of Baha Mar, Albany, and the new terminal at the Lynden Pindling International Airport. Still with this said, Mr Christie added that it would have been fitting for the Prime Minister to be present at yesterdays proceedings to at least say, well done Mr Christie, well done. While there were some naysayers along the way, we never doubted the viability of this unique project, Mr Izmirlian said. Given the compelling positive impact our project will have on the economy of the Bahamas, our national employment picture, and the travel and leisure industry of the entire Western hemisphere, I knew that ultimately we would succeed in launching Baha Mar, against all odds, and the greatest economic turmoil since the Great Depression. Baha Mars perseverance will see the rebirth of the Bahamian Riviera, Mr Izmirlian said, as the resort will reinvigorate the 3,000 ft strip of unspoiled beach that made the Bahamas a lead ing tourism destination when the Nassau Hotel first opened there in 1957. Soon there will be the largest Las Vegas style casino in the Caribbean, a Jack Nicklaus Signature golf course, the largest destination spa in the region, a 20 acre eco-waterpark, a 50,000 square feet retail village, 24 restaurants, lounges, nightclubs, and 200,000 square feet of modern convention facilities on the Riviera, he said. There will be three new hotels operated by Rosewood, Hyatt and Morgans Hotel Group, as well as access from the existing Sheraton and Wyndham hotels to the new mega-resort. Doubts over whether the Bahamas can sup port another major resort in addition to Atlantis were cast aside by Mr Izmirlian yesterday, as he said in a press conference after the groundbreaking ceremony he is confident the Bahamas can fill the 10,000 hotel rooms provided in Nassau and Paradise Island when Baha Mar is complete. I dont think the Bahamas cant handle two projects of this size, he said. There are 150,00 hotel rooms in Orlando, and 150,000 hotel rooms in Las Vegas; you cant tell me that we as a country cant do better than that. Not only will visitors be attracted by the Baha Mar brand, but they will also be facilitated by more airlines expected to operate more flights into the redeveloped Lynden Pindling Interna tional Airport from across the United States, Europe, the Middle East and China. The resort will create thousands of jobs for Bahamians and provide training for those in con struction and the service industry, and Mr Izmirlian called on Bahamians to take advantage of these as he said Baha Mars success depends on their support. Were committed to providing opportunities both during construction and after opening; opportunities to succeed, provide for your fami lies, and have a meaningful career, the Baha Mar CEO said. However we need you and we need your efforts and commitments. Now is the time for Bahamians to make the push to help themselves and their communities. Baha Mar can complete its long journey suc cessfully, but only if Bahamian workers on this journey commit to doing their very best and stick with it. Work began on the first $60 million worth of contracts for Bahamian workers around two weeks ago and Robert Sands, senior vice presi dent of administration and external affairs at Baha Mar, said the first phase of the project will be done almost exclusively by Bahamian workers over the next 12 months. The 8,000 Chinese workers will not be brought in until the second half of next year for a short period, he said. FROM page one B AHA MAR CHAIRMAN FROM page one PLP S A Y S THE PMS GR OUNDBREAKING ABSEN CE IS YET AN O THER AFFR ONT FROM page one UNIONS ARE GIVEN LEA VE T O APPEAL FROM page one DON T DRINK THE W A TER FROM page one Mother hits out at police after crash CRASH SCENE: The remains of the police car after Fridays accident. Photo/Omar Barr

PAGE 8

THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By MIKE LIGHTBOURN WHATis the primary objective for a purchaser when negotiating the purchase of a home or other property? Would it be fair to say that they want the lowest price possible with the most liberal terms? And what about the sellers of a similar property? Would you agree that the sellers want the highest price possible with the terms most favourable to them? Its pretty easy to see then that the purchasers and the sellers in a real estate transaction each have goals that are diametrically opposed to one another. As a result, they can each become highly anxious, emotional, and especially frustrated by the negotiating process. The solution is to have a buffer zone, or an arena in which negotiations can be carried out in a logical, businesslike and objective manner. This is accomplished by using a reputable BREA real estate company and its agent. Heres why: although a real estate agent may represent either the seller or the purchaser (or sometimes both) in a real estate transaction, all parties need to be treated fairly. Also, not being emotionally involved in the transaction, the BREA agent should become an objective or neutral participant the buffer. However, he is generally understood to represent one party or the other. Thus, both purchasers and sellers will make comments, offers, and counteroffers through him/her. The result can be a highly rewarding purchase and sale for purchasers and sellers. Tip of the week: Work with a BREA agent or broker with whom you feel comfortable and let that person work for you. Dont have anyone in mind? Ask around and get a recommendation from someone who has had a satisfactory transaction with a BREA representative. (Mike Lightbourn is president of Coldwell Banker Lightbourn Realty). REALESTATE:The art of the deal (with apologies to Donald Trump)

PAGE 9

INTERNA TIONAL NEWS PAGE 10, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE T O DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ATLANTIC MEDICAL INSURANCE CO.LTD. Atlantic House,2nd Terrace & Collins Avenue,P.O.Box SS-5915,Nassau Tel.326-8191 Suite 5,Jasmine Corporate Center,East Sunrise Highway,P.O.Box F-42655,Freeport Tel.351-3960A member of Colonial Group International:Insurance,Health,Pensions,LifeHealth insurance premiums have continued to rise,so we are all more sensitive to the levels of cover and service a health plan provides. Feeling good about choosing Premier Health for your business,is knowing your employees receive more service and cover for your premium dollar.Premier Health delivers state-of-the-art administration and claims support to work for your business too.Less hassle on service,care and price issues means more focus on doing what you and your team do best.Call 326-8191 or visit www.cgigroup.bm Colonial Group International is rated A-(Excellent) by AM Best. Premier HealthIt feels good to choose a health plan that takes care of my business,my team and me. Premiums have not been controlled by cutting benefits and coverage for catastrophic illnesses Premium increases have on average been lower than the market rate WASHINGTON Associated Press AN AMERICANjailed in Pakistan for the fatal shooting of two armed men was secretly working for the CIA and scouting a neighborhood when he was arrested, a disclosure likely to further frustrate U.S. government efforts to free the man and strain relations between two countries partnered in a fragile alliance in the war on terror. Raymond Allen Davis, 36, had been working as a CIA security contractor and living in a Lahore safe house, according to former and current U.S. officials, who spoke on condition of anonymity because they weren't authorized to talk publicly about the incident. Davis, a former Special Forces soldier who left the mil itary in 2003, shot the men in what he described as an attempted armed robbery in the eastern city of Lahore as they approached him on a motorcycle. A third Pakistani, a bystander, died when a car rush ing to help Davis struck him. Davis was carrying a Glock handgun, a pocket telescope and papers with different iden tifications. Meanwhile, the Obama administration insisted anew Monday that Davis had diplomatic immunity and must be set free. In a hastily arranged conference call with reporters shortly after details of Davis' employ ment were reported, senior State Department officials repeated the administration's stance that he is an accredited member of the technical and administrative staff of the U.S. Embassy in Islamabad. They said the Pakistani government had been informed of his sta tus in January 2010 and that Pakistan is violating its interna tional obligations by continuing to hold him. The officials would not comment on Davis' employment but said it was irrelevant to the case because Pakistan had not rejected his status. The officials spoke only on grounds of anonymity because of the sensitivity of the situation. The revelation that Davis was an employee of the CIA comes amid a tumultuous dispute over whether he is immune from criminal prosecution under international rules enacted to protect diplomats overseas. New protests in Pakistan erupted after The Guardian newspaper in London decided to publish details about Davis' relationship with the CIA.ImmunityThe U.S. had repeatedly asserted that Davis had diplomatic immunity and should have been released immediately. The State Department claimed Davis was "entitled to full criminal immunity in accor dance with the Vienna Convention" and was a member of the "technical and administra tive staff" at the U.S. Embassy in Islamabad. The Associated Press learned about Davis working for the CIA last month, immediately after the shootings, but withheld publication of the information because it could endanger his life while he was jailed overseas, with at least some pro testers there calling for his exe cution as a spy. The AP had intended to report Davis' CIA employment after he was out of harm's way, but the story was broken Sunday by The Guardian. The CIA asked The AP and several oth er U.S. media outlets to hold their stories as the U.S. tried to improve Davis' security situation. A U.S. official says Davis is being held at a jail on the outskirts of Lahore where there are serious doubts about whether the Pakistanis can truly protect him. The official says the Pakistanis have expressed similar concerns to the U.S. A senior Pakistani intelligence official said the government had taken measures to ensure the safety of Davis, stepping up security at the facility, removing certain inmates from the prison and sending a contingent of well-trained paramilitaries known as the Rangers. The State Department said the Pakistani government was informed that Davis was a diplomat and entitled to immunity when he was assigned to the U.S. Embassy in Islamabad. "We are very mindful of the difficulty that the government of Pakistan faces with public opinion in this case," depart ment spokesman P.J. Crowley said. "We remain concerned about him and our message to Pakistan remains that he should be released as soon as possible." Davis identified himself as a diplomat to police when he was arrested and "has repeatedly requested immunity" to no avail, Crowley said. The U.S. Embassy said he has a diplomatic passport and a visa valid through June 2012. It also said in a recent statement the U.S. had notified the Pakistani gov ernment of Davis' assignment more than a year ago. However, the senior Pakistani intelligence official says that Davis' visa application contained bogus U.S. contact information. Since Pakistani authorities took the ex-Special Forces soldier into custody Jan. 27, U.S. officials said, the situation has slowly escalated into a crisis, threatening the CIA's ability to wage a dangerous war against al-Qaida and militants. Some members of Congress have threatened to cut off the billions in funding to Pakistan if Davis isn't released. Davis was attached to the CIA's Global Response Staff, which provides security overseas to agency bases and stations, former and current U.S. officials told the AP. In that role, he was assigned to protect CIA personnel. One of their duties includes protecting case officers when they meet with sources. On the day he was cap tured, he was familiarizing himself with the area. "Davis is a protective officer, someone who provides security to U.S. officials in Pakistan," the U.S official said. "Rumors to the contrary are simply wrong."ConsultantIn a YouTube video of local police interrogating him, Davis says he's a consultant and he's with the "RAO," a reference to the American Regional Affairs Office. Davis also said at one point he was attached to the U.S. Embassy in Islamabad. Working for the agency's GRS comes with risks some times fatal ones. The head of security at the CIA's base in Khost, Afghanistan, was killed with six others in December 2009 after a suicide bomber det onated a powerful explosive under his belt. The CIA has a major pres ence in Pakistan, where it runs the drone program in Islamabad and offensive operations against militants, al-Qaida and Pakistan's spy agency, Inter-Services Intelligence. Former and current U.S. officials say the Pakistanis might have been stalling to release Davis so he could be extensively questioned, hoping he could provide more information about CIA activities in the troubled country or possibly even identify other agency officers. The senior Pakistani intelligence official told the AP the two men in the response vehicle that went to aid Davis, killing the bystander, have left the country. The official said the Pakistani government's decision to let them leave was a concession to the U.S. The U.S.-Pakistani partner ship had begun to fray in recent months. In late 2010, a pair of civil lawsuits filed in the U.S. accused Pakistan's spy chief of nurturing terrorists involved in the 2008 Mumbai attacks. Shortly after the lawsuits were filed, the name of the CIA's top spy in Pakistan was publicly dis closed and his life threatened. He was eventually pulled out of the country in December, a month before the scheduled end of his tour. A former CIA officer said militants have also threatened the children of ISI officers. And the CIA in recent years has become increasingly concerned about the safety of its officers in outlying areas like Lahore and Peshawar, a former senior U.S. intelligence source said. But the danger was more pronounced in Lahore, where the CIA learned there might be government elements willing to harm agency officers. Former CIA officials said the agency officers could have been killed in 2009 when terrorists attacked an ISI compound in Lahore. CIA officers regularly met their counterparts at the compound but didn't have a meeting scheduled the day of the attack. Further inflaming tensions, the wife of one of the men Davis shot committed suicide. She had said she feared her hus band's killer would be freed without trial. Military records show Davis, a Virginia native, served a decade in the Army, including five years with the 3rd Special Forces Group in Fort Bragg, N.C., home to the Green Berets. Davis also worked for securi ty contractor Blackwater Worldwide, now known as Xe Services. Davis and his wife run a Las Vegas-registered company called Hyperion Protective Ser vices. The address for its head quarters is a mailbox at a UPS store in a strip mall. The truth about Davis' true employer briefly slipped out after a local television reporter in Colorado called his wife. In a story posted on the web site of Denver's 9News, the wife provided the name and number of a "CIA spokesperson" in Washington, D.C. But the story was quickly taken down, edited and then reposted with new lan guage eliminating any reference to the CIA. Arrested US official is actually CIA contractor IN THIS JAN. 28, 2011 FILE PHOTO Pakistani security officials escort Raymond Allen Davis, centre, to a local court in Lahore, Pakistan. (AP)

PAGE 10

INTERNA TIONAL NEWS THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM CAIRO Associated Press DEEP CRACKSopened in Moammar Gadhafi's regime Monday, with Libyan government officials at home and abroad resigning, air force pilots defecting and a major government building ablaze after clashes in the capital of Tripoli. Protesters called for another night of defiance against the Arab world's longest-serving leader despite a crackdown. At sunset, pro-Gadhafi militia drove around Tripoli with loudspeakers and told people not to leave their homes, witnesses said, as security forces sought to keep the unrest that swept eastern parts of the country leaving the second-largest city of Benghazi in protesters' control from overwhelming the capital of 2 million people. State TV said the military had "stormed the hideouts of saboteurs" and urged the public to back security forces. Protesters called for a new demonstration in Tripoli's central Green Square and in front of Gadhafi's residence. Gadhafi appeared to have lost the support of at least one major tribe, several military units and his own diplomats, including the delegation to the United Nations. Deputy U.N. Ambassador Ibrahim Dabbashi accused Gadhafi of committing genocide against his own people in the current crisis. Warplanes swooped low over Tripoli in the evening and snipers took up position on roofs, apparently to stop people outside the capital from joining protests, according to Mohammed AbdulMalek, a London-based oppo sition activist in touch with residents. Communications to the capital appeared to have been cut, and residents' mobile phones could not be reached from outside the country. State TV showed video of hundreds of Gadhafi supporters rallying in Green Square, waving palm fronds and pictures of the Libyan leader. The first major protests to hit an OPEC country and major supplier to Europe have sent oil prices jumping, and the industry has begun eyeing reserves touched only after Hurricane Katrina in 2005 and the first Gulf War in 1991. Tripoli was largely shut down Monday, with schools, government offices and most stores closed, except for a few bakeries, said residents, who hunkered down in their homes. Armed members of pro-government organizations called "Revolutionary Committees" hunted for protesters in Tripoli's old city, said one protester named Fathi. Members of the militia occupied the city center and no one was able to walk in the street, said one resident who lived near Green Square and spoke on condition of anonymity out of fear of retaliation, describing a "very, very violent" situation. "We know that the regime is reaching its end and Libyans are not retreating," the resident said. "People have a strange determination after all that happened."ProtestersAnother witness in Tripoli said armed men were roaming the streets of the capital's upscale diplomatic neighborhood and firing heavily. He said they were dressed in uniforms of pro-Gadhafi militia. They opened fire on a group of protesters gathering to organize a march and people in the area were weeping over bodies on the ground. Residents hoped that help would arrive from the other parts of the country. The eruption of turmoil in the capital after seven days of protests and bloody clashes in Libya's eastern cities sharply escalated the challenge to Gadhafi. His security forces have unleashed the bloodiest crackdown of any Arab country against the wave of protests sweeping the region, which toppled the leaders of Egypt and Tunisia. At least 233 people have been killed so far, according to New York-based Human Rights Watch. British Prime Minister David Cameron, visiting neighboring Egypt, called the Libyan government's crackdown "appalling." "The regime is using the most vicious forms of repression against people who want to see that country which is one of the most closed and one of the most autocratic make progress," he told reporters in Cairo. The heaviest fighting so far has been in the east. Security forces in Benghazi opened fire on Sunday on protesters storming police stations and government buildings. But in several instances, units of the military turned against them and sided with protesters. By Monday, protesters had claimed control of the city, overrunning its main security headquarters, called the Katiba. Celebrating protesters raised the flag of the country's old monarchy, toppled in 1969 by a Gadhafi-led mil itary coup, over Benghazi's main courthouse and on tanks around the city. "Gadhafi needs one more push and he is gone," said Amal Roqaqie, a lawyer at the Benghazi court, saying protesters are "imposing a new reality. ... Tripoli will be our capital. We are imposing a new order and new state, a civil constitutional and with transitional government." Gadhafi's son, Seif al-Islam, went on state TV in the early hours Monday with a sometimes confused speech of nearly 40 minutes, vowing to fight and warning that if protests continue, a civil war will erupt in which Libya's oil wealth "will be burned." "Moammar Gadhafi, our leader, is leading the battle in Tripoli, and we are with him," he said. "The armed forces are with him. Tens of thousands are heading here to be with him. We will fight until the last man, the last woman, the last bullet." he said. He also promised "historic" reforms if protests stop. State TV said Monday he had formed a commission to investigate deaths during the unrest. Protesters ignored the vague gestures. Even as he spoke, the first clashes between demonstrators and security forces in the heart of Tripoli were still raging, lasting until dawn. Fire raged Monday at the People's Hall, the main building for government gather ings where the country's equivalent of a parliament holds sessions several times a year, the pro-government news website Qureyna said. It also reported the first major sign of discontent in Gadhafi's government, say ing Justice Minister Mustafa Abdel-Jalil resigned to protest the "excessive use of force" against unarmed demonstrators. There were reports of ambassadors abroad defect ing. Libya's former ambassador to the Arab League in Cairo, Abdel-Moneim alHouni, who resigned his post Sunday to side with protesters, demanded Gadhafi and his commanders and aides be put on trial for "the mass killings in Libya." "Gadhafi's regime is now in the trash of history because he betrayed his nation and his people," al-Houni said in a statement. A Libyan diplomat in China, Hussein el-Sadek el-Mes rati, told Al-Jazeera, "I resigned from representing the government of Mussolini and Hitler." Two Mirage warplanes from the Libyan air force fled a Tripoli air base and landed on the nearby island of Malta, and their pilots two colonels asked for political asylum, Maltese military officials said. A protest march Sunday night sparked scenes of mayhem in the heavily secured capital. Protesters had streamed into Green Square, all but taking over the plaza and surrounding streets in the area between Tripoli's Ottoman-era old city and its Italian-style downtown. That was when the backlash began, with snipers fir ing from rooftops and militiamen attacking the crowds, shooting and chasing people down side streets, according to witnesses and protesters. Gadhafi supporters in pickup trucks and cars raced through the square, shooting automatic weapons. "They were driving like madmen searching for someone to kill. ... It was total chaos, shooting and shouting," said a 28year-old protester.CasualtiesThe witnesses reported see ing casualties, but the number could not be confirmed. The witness named Fathi said he saw at least two he believed were dead and many more wounded. After midnight, protesters took over the main Tripoli offices of staterun satellite stations AlJamahiriya-1 and Al-Shebabiya, a witness said. Fragmentation is a real danger in Libya, a country of deep tribal divisions and a historic rivalry between Tripoli and Benghazi. The system of rule created by Gadhafi the "Jamahiriya," or "rule by masses" is highly decentralized, run by "popular committees" in a complicated hierarchy that effectively means there is no real center of decision-making except Gadhafi, his sons and their top aides. Seif has often been put for ward as the regime's face of reform and is often cited as a likely successor to his father. Seif's younger brother, Mutassim, is the national security adviser, with a strong role in the military and security forces. Another brother, Khamis, heads the army's 32nd Brigade, which according to U.S. diplomats is the best-trained and bestequipped force in the military. The revolt in Benghazi and other cities in the east illustrated the possibility of the country rumbling. In Benghazi, cars honked their horns in celebration and protesters in the streets chanted "Long live Libya" on Monday, a day after bloody clashes that killed at least 60 people. Benghazi's airport was closed, according to an air port official in Cairo. A Turkish Airlines flight trying to land in Benghazi to evacuate Turkish citizens was turned away Monday, told by ground control to circle over the airport, then to return to Istanbul. There were fears of chaos as young men including regime supporters seized weapons from the Katiba and other captured security build ings. "The youths now have arms and that's worrying," said Iman, a doctor at the main hospital. "We are appealing to the wise men of every neighborhood to rein in the youths." Youth volunteers directed traffic and guarded homes and public facilities, said Najla, a lawyer and university lecturer in Benghazi. She and other residents said police had disappeared from the streets. After seizing the Katiba, protesters found the bodies of 13 uniformed security offi cers inside who had been handcuffed and shot in the head, then set on fire, said a doctor named Hassan, who asked not to be identified further for fear of reprisals. He said protesters believed the 13 had been executed by fellow security forces for refusing to attack protesters. Gadhafis hold on Libya weakens in protest wave IN THIS SEPT. 1, 2009 FILE PHOTO Libyan leader Moammar Gadhafi gestures with a green cane as he takes his seat behind bulletproof glass for a military parade in Green Square, Tripoli, Libya. Libyan protesters celebrated in the streets of Benghazi on Monday, Feb. 21, 2011 claiming control of the country's second largest city after bloody fighting, and anti-government unrest spread to the capital with clashes in Tripoli's main square for the first time. Moammar Gadhafi's son vowed that his father and security forces would fight "until the last bullet." (AP) MALIC WARSHAFANA ,a Libyan citizen currently living in Dallas, waves a Libyan flag as he and nearly 200 others gathered for a rally at Dealey Plaza, Sunday, Feb. 20, 2011, in Dallas. Warshafana, who helped organize the rally, said they they were rallying in support of a free Libya. (AP) CAIRO Associated Press EGYPT'Stop prosecutor requested on Monday the freezing of the foreign assets of ousted president Hosni Mubarak and his family, announced state TV. Security officials said that the pros ecutor general asked the Foreign Ministry to contact countries around the world so they can freeze his assets abroad. The president's domesticassetswere frozen soon after he stepped down, they added. The freeze applies to Mubarak, his wife, his two sons and two daughters-in-law, said the officials, who spoke on condition of anonymity because they weren't authorized to talk to the press. The announcement came as British Prime Minister David Cameron arrived in Cairo to meet with top Egyptian officials, the first trip of a world leader since Mubarak's fall. He said he would talk to those in charge to ensure "this really is a genuine transition" to civilian rule. Egyptian state media on Sunday had quoted Mubarak's legal representative as saying the former presi dent had submitted to authorities a declaration that he had no assets abroad. The former president is believed to currently be residing in his estate at the distant Red Sea resort of Sharm el-Sheikh. Egypt has so far asked for asset freezes of one top businessman and former ruling party official, as well as four former Cabinet ministers and detained them pending investigations. The Mubarak's family's wealth speculation has put it at anywhere from $1 billion to $70 billion has come under growing scrutiny since Mubarak's Feb. 11 ouster opened the floodgates to three decades of pent-up anger at the regime. Watchdog groups allege that under Mubarak, top officials and tycoons were given preferential treatment in land contracts, allowed to buy state industries at a fraction of their value during Egypt's privatiza tion process launched in the early 1990s, and got other perks that enabled them to increase their wealth exponentially. The perks came at a price and the Mubaraks were major beneficiaries, the activists say. Egyptian youth activists meeting with foreign diplomats in Cairo Monday, also singled out the search for Mubarak's assets as one of the ways other countries could help Egypt fol lowing the three week uprising that transfixed the world. "When Egypt gets back that money, it won't need the foreign aid, and you will be relieved of that burden," said Islam Lutfi, who represent the Muslim Brotherhood on the activist coalition. In a meeting organized to brief the diplomats from the United States, the EU and Australia, on their activities and future plans, the seven activists said they are deeply worried that the military-backed government is not making enough effort to involve them in the consultations over the post-Mubarak era. "The message they kept sending to us is that they are not ready to talk to the coalition," said Ziad al-Oleimi, a member of the coalition which along with young cadres from the Muslim Brotherhood represent five youth organizations and political parties that initially launched the antiMubarak protests. "They only say we should help them to ensure stability, but never talk about what the people want." Al-Oleimi, a lawyer, said among urgent demands that the young activists are pressing is to form a broad-based government with no Mubarak's cronies in it, lift emer gency rule, release political prisoners and abolishing laws on political par ties and allow free and fair election. The military council has dissolved parliament, which was stacked with Mubarak loyalists, and suspended the constitution, but has declined to discuss specific actions on how to purge the political system of senior Mubarak loyalists. The activists warned that they will resort to mass protests again if their demands were not met. The meeting took place as senior U.S. and European officials arrived in Egypt to meet with the country's military leaders. U.S. Undersecretary of State for Political Affairs William Burns came Monday for three-day visit that included a speech before the Arab League. "We'll continue to encourage con crete steps to build confidence and to sustain the momentum of the transi tion, ranging from the constitutional amendments that are being considered, through careful preparations for elections, to the further release of political detainees, to the lifting of the Emergency Law," Burns said to the pan-Arab body. The British prime minister met with Defense Minister Hussein Tantawi, Prime Minister Ahmed Shafiq and members of the country's opposition groups. OUSTED Egyptian President Hosni Mubarak. (AP) Eg ypt seeking to freeze Mubarak's assets

PAGE 11

FREEPORT Hundreds turned out to the first annual International Cultural Festival held at the International Bazaar on Sunday. The event was put on by the International Bazaar Tenants and Owners Association, after the co-ordinators, Up With People, identified the Bazaar as a perfect venue to showcase their group's international flair and promote their upcoming show on Thursday, February 24 which will feature 100 cast members from 21 countries. The group arrived in Grand Bahama on February 19 thanks to Discovery Cruise Lines and the Pelican Bay Hotel, and are being housed through the generosity of many host families. The cast members, some in national costume, were dispersed throughout the Bazaar at tables representing their respective countries and gave educational overviews on their country. Local ethnic groups were provided with tables, and sold exotic dishes from far and wide, including drinks, breads and desserts. There was food from Haiti, Jamaica, the Bahamas and the Philippines. Children were given Up With People passports and encouraged to go to each table and answer questions in the passport, and have them authorised. Each com plete passport earned a free ticket for Thursday night's show, to be held at the Sir Jack Hayward High School gymnasium. In addition to food and education, the was an impressive entertainment line-up. Up With People present ed a few numbers giving a sneak peak of their Thursday show, and the crowds also enjoyed the Grand Bahama Youth Choir, the Sunland Bell Choir; the Grand Bahama Dance The atre; an all-male dance team from Eight Mile Rock called Exclusive, and the Legends Marching Band. The visiting international travel, community service and performing arts group is now busy in the Grand Bahama community from Monday through Wednes day, providing assistance at the YMCA, the GB Red Cross, Lewis Yard, the Harvest Foundation, the Keep GB Clean Committee, Urban Renewal, and the International Bazaar. Their visit culminates with their big international show on Thursday night at 7:30pm at Sir Jack Hayward High School. Tickets are only $10 for adults and $5 for children. Proceeds will go to sponsor two young Bahamians to travel with the Up With People organisation. The groups visit to Grand Bahama is sponsored by the Pelican Bay Hotel and Discovery Cruise Lines with support from their ben eficiary, the Grand Bahama Youth Choir and with support by the Bahamas Week ly. Up with People is an independent nonprofit organisation without any religious or political affilia tions. It provides young adults an international and inter cultural experience that teaches service leadership and uses the performing arts to deliver messages of hope and goodwill throughout the world. LOCAL NEWS PAGE 12, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE T O DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM worry freegroup pensions sound investment management independent corporate trustee oversight independent corporate custodian diversied investment portfolioall of the above call us today at (242) 396-4076 ASUBSIDIARY OFCORPORATE CENTRE: EAST BAY & SHIRLEY STREET & EAST BAY STREET I www.famguardbahamas.com Up With People wows the crowd at the first annual International Cultural Festival 100 INTERNATIONAL CAST members of Up With People will be providing three full days of community service for various non-profit groups on Grand Bahama before their big show on Thursday. TWO YOUNG Up With People cast members in national cos tume from Mexico greet the public. UP WITH PEOPLE in action at the International Bazaar's first annual International Cultural Festival. THE CROWDS enjoy the Grand Bahama Dance Theatre performance. Photo/The Bahamas Weekly

PAGE 12

SECTION B business@tribunemedia.net TUESDAY, FEBRUARY 22, 2011 THETRIBUNE $4.68 $4.51 $4.69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.75 $4.72 $4.69 [Learn more at royaldelity.com] BAHAMASNassau:242.356.9801 Freeport:242.351.3010BARBADOSSt.Michael:246.435.1955 fnnfbbtf$ !!!n t#$ #r#!" !% !!!#! !""!t !&!! btfrrntfrb !b nnfr By NEIL HARTNELL Tribune Business Editor The Izmirlian family has invested around $500-$600 million of its own money in bringing the $2.6 billion Baha Mar project to fruition, it was revealed yesterday, with the $800 million in pre-opening costs taking total investment in the Cable Beach redevelopment to $3.4 billion. Sarkis Izmirlian, Baha Mars chairman and chief executive, said the additional $800 million was coming in from my family, and represented what they had put in up until now, and what we will put in going forward. Tribune Business sources subsequently confirmed that, besides the $200 million-plus Familys $500-$600m Baha Mar investment n Izmirlians put millions of own money into $2.6bn Cable Beach project, including covering hotel losses and keeping them open, taking total cost bill to $3.4bn n Says Bahamas extremely lucky to have such a project at this time, as nothing like it anywhere else in world n Dismisses room inventory increase concerns, pointing to Las V egas/Orlando 150,000 rooms, and adding: You cant tell me as a country we cant do better than that SEE page 5B Tim Clarke/Tribune staff Tim Clarke/Tribune staff GROUNDBREAKING: Sarkis Izmirlian is pictured second from right. By NEIL HARTNELL Tribune Business Editor Baha Mars chairman yesterday urged the Government to get out of business and continue privatising publicly-owned utilities such as the Bahamas Electricity Corporation (BEC), saying such moves were critical to Bahamian economic growth and the success of his $2.6 billion Cable Beach redevelopment. Speaking after yesterdays groundbreaking ceremony to mark the official start of the Baha Mar project, Sarkis Izmirlian recalled the huge burden his existing Cable Beach Resorts properties the Sheraton Nassau and the Wyndham carried in terms of monthly and per annum electricity costs, something that contributed heavily to their unprofitability. I am a believer that governments period, not just the Government of the Bahamas, but governments period should not be Baha Mar chief: Govt must get out of business Sarkis Izmirlian urges Ingraham administration to privatise all utilities, including BEC and Water & Sewerage, as critical to Bahamas growth SEE page 5B MEETANDGREET: Sarkis Ismirlian pictured right. By NEIL HARTNELL Tribune Business Editor Baha Mars president has told Tribune Business that the tortuous seven-year route to yesterdays groundbreaking could be a blessing in disguise for the project because had its original construction schedule held it would have been opening new hotels to tourists amid the worst recession in living memory. Speaking exclusively to this newspaper yesterday, Don Robinson said that if Baha Mars construction plans following the original Heads of Agreement signing in April 2005 had held true, the developer would now be opening its $2.6 billion project in a tourism market that is still depressed and recovering from the recession. Agreeing with Tribune Business that the delays caused by the withdrawal of Harrahs Entertainment as the projects equity/casino partner, and subsequent search for replacements that alighted on China ExportImport Bank and China State Construction, may help Baha Mar with both construction costs and opening the new hotels in time to catch an economic upswing, Mr Robinson said: If wed started construction when we were thinking about it, we would have been starting amid an economic crisis. Well now probably be constructing this in a favourable economic environment, and be opening this in a favourable tourism environment. All things happen for a reason, but Id have hated to open this project in the midst of an economic downturn. Mr Robinson told Tribune Business that Baha Mars next step, apart from construction, was to select and Baha Mar holdups blessing in disguiseSEE page 4B By NEIL HARTNELL Tribune Business Editor Construction work on the buildings that will form Baha Mars Commercial Village will start within two weeks, a senior executive said yesterday, with the majority of the $60 million worth of contracts bid to Bahamian contractors set to be in the ground in the first year. With 150 workers already employed on the preliminary stages of the West Bay Street re-routing and new JFK connector corridor, Tom Dunlap, Baha Mars executive vice-president of construction and develop ment, said the $2.6 billion Cable Beach developer had already added two dozen staff to its development team within the first 30 days of work starting. He added that China State Construction, whose COMMERCIAL VILLAGE START IN TWO WEEKS Most of $60m worth of initial contracts to Bahamian contractors in the ground in first year Two dozen staff already added to Baha Mar development team in first 30 days, with 150 workers employed on road re-routing China State Construction to formally start in May 1, but already submitting drawings to Physical Planning for approval SEE page 4B By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net Bahamas Wastes $1 million investment in its biodiesel facility will help the BISX-listed company hedge against oil price inflation, which in years past imposed a $500,000 cost increase on it within six months. $1M FACILITY FREES BAHAMAS WASTE FROM PETROL LORDS Hopes fuel for vehicle fleet will act as hedge against oil-fuelled cost increase that once hit $500k in six monthsSEE page 3B

PAGE 13

The Nassau Airport Development Company (NAD), Lynden Pindling International Airports (LPIA) operator, will host the fifth Routes Americas forum in February 2012 at the Atlantis resort on Paradise Island. During a luncheon han dover ceremony in Santo Domingo on Tuesday, NAD president and chief executive, Stewart Steeves, accepted the baton from Dominican Republic-based airport operator, Aerodom, to host next year's forum. The luncheon featured an all-Bahamian menu created and supervised by Cacique Award-winning chef, Don Ingraham. Routes Americas is one of several regional events produced by UK-based Routes (part of UBM Aviation Ltd). The annual event brings together more than 200 key players in the airline and airport industry from North, Central, South America and the Caribbean for strategic networking on air service development. Routes region al events include Routes Americas, Routes Asia, Routes Europe, Routes Africa and Routes CIS (Common wealth of Independent States). Mr Steeves said: "We are very excited to have the opportunity to host the 2012 Routes Americas, and to be able to receive and entertain delegates from around the world. Together with our part ners, the Bahamas Ministry of Tourism, Atlantis and other tourism stakeholders, we hope to use next year's forum to showcase the Bahamas and the incredible development that is taking place on Nassau and Paradise Island. With Atlantis as the host resort, we expect to attract a great number of delegates to the destination."AnticipationDave Stroud, senior vicepresident of Routes, said: "After such a successful fourth Routes Americas, it is with eager anticipation that we hand the event over to Nassau Airport Development Company and look forward to seeing how they build on the success of this event for next year. The hosts are right in the midst of a massive $409 million redevelopment project, which will provide an excellent opportunity to give delegates a first-hand experience of what such a task involves. I am confident that the fifth Routes Americas will leave a big and positive impression with delegates". The Nassau Airport Development Company is a Bahamian company, owned by the Government, and is under a 10-year management agreement with Vancouver Airport Services (YVRAS). In April 2007, NAD signed a 30-year agreement with the government to manage, operate and redevelop the Lynden Pindling International Airport (LPIA). In March 2011, the new US Departures Terminal will open as a part of stage one of the airport redevelopment project. By ROYALFIDELITY CAPITAL MARKETS It was a moderate week of trading in the Bahamian stock market. Investors traded in five out of the 24 listed securities, with one advancer and no decliners. EQUITY MARKET A total of 74,710 shares changed hands, representing a significant increase of 51,976 shares compared to the previous week's trading volume of 22,734 shares. Commonwealth Bank (CBL) was the volume leader, trading a volume of 54,000 shares to see its stock close unchanged at $6.85. FOCOL Holdings (FCL) wasthe big advancer, trading a volume of 15,700 shares to its its stock rise $0.52 and close at $6, a new 52-week high. BOND MARKET No notes traded during the week. COMPANY NEWS Earnings Releases: There were no earnings reports released last week. Dividend Notes: Commonwealth Bank (CBL) has declared a dividend of $0.06 per share, payable on February 28, 2011, to all ordinary shareholders of record date February 15, 2011. Famguard Corporation (FAM) has declared a dividend of $0.06 per share, payable on March 2, 2011, to all ordinary shareholders of record date February 23, 2011. AGM Notice: Associated Bahamian Distillers & Brewers (ABDAB) has announced its AGM will be held at its Registered Office No.16 JFK Drive on February 24, 2011, at 4pm. FOCOL Holdings (FCL) has announced its AGM will be held at the company's corporate office boardroom in Freeport on February 24, 2011, at 11.30am. BUSINESS PAGE 2B, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM RoyalFidelity Market Wrap EQUITY MARKET TRADING ST A TISTICSWeek ending 18.02.11BISX CLOSING WKLY PRICE VOLUME YTD PRICE SYMBOL PRICE CHANGE CHANGEAML $ 1.04 $0 7.22% BBL $ 0.18 $0 0.00% BOB $ 4.42 $2,600 -9.80% BPF $ 10.63 $0 0.00% BSL $ 5.01 $0 0.00% BWL $ 2.70 $0 0.00% CAB $ 10.21 $0 -2.39% CBL $ 6.85 $54,000 -2.14% CHL $ 2.40 $410 0.00% CIB $ 9.39 $0 0.00% CWCB $ 2.20 $0.12 0 20.22% DHS $ 1.40 $2,000 -12.50% FAM $ 5.47 $0 -9.88% FBB $ 2.17 $ 0 0.00% FCL $ 6.00 $0.52 15,700 9.89% FCLB $ 1.00 $0 0.00% FIN $ 6.51 $0 -9.96% ICD $ 7.40 $0 0.00% JSJ $ 9.82 $0 0.00% PRE $ 10.00 $0 0.00% BOND MARKET TRADING ST A TISTICSBISX DESCRIPTION VOLUME PAR VALUE SYMBOL FBB13 FBB Series C 0 $1,000 Notes Due 2013 FBB15 FBB Series D 0 $1,000 Notes Due 2015 FBB17 FBB Series A 0 $1,000 Notes Due 2017 FBB22 FBB Series B 0 $1,000 Notes Due 2022 INTERNA TIONAL MARKETSFOREX Weekly % Currency Change Rates CAD 1.0147 0.11 GBP 1.6242 1.45 EUR 1.3689 1.03 Commodities Weekly % Commodity Change Crude Oil 103.04 1.67 Gold 1,384.00 1.47 INTERNA TIONAL STOCK MARKETIndexes Weekly % IndexChange DJIA 12,391.25 0.96 S&P 500 1,343.01 1.04 NASDAQ 2,833.95 0.87 Nikkei 10,842.80 2.24 INSIGHTFor the stories behind the news, read Insight on Mondays NAD to host major for um AWARD: Andrew O'Brian, chief executive of Aerodom (left), handing over the Routes Americas host award to Stewart Steeves, president and chief executive, NAD.

PAGE 14

By NEIL HARTNELL Tribune Business Editor CHINAS Ambassador to the Bahamas yesterday heralded the $2.6 billion Baha Mar groundbreaking as another milestone in the two countries relationship, suggesting it could herald further investment by Chinese businesses and entrepreneurs in this nation. Speaking at the ceremony to mark the construction start for the project, which is being financed and built, respectively, by two Chinese governmentowned entities, Ambassador Hu Dingxian said overseas investments by Chinese companies increased by 36 per cent yearover-year in 2010, totalling $59 billion in 3,125 projects. I believe, with continued development of the bilateral relationship, more and more Chinese investors will be coming to the Bahamas to seek investment and co-operation, Ambassador Hu told the groundbreaking ceremony. He added that Baha Mar was letting this golden baby be born at the right time, in the right place and with the right people. He pledged, though, that Chinese foreign direct investment would not come at a cost to the other country involved, preaching the language of partnership, mutual benefits and a win-win situation for all parties involved. Li Rougu, chairman and president of the China ExportImport Bank, which is providing Baha Mar with its project financing, described the development as the most spectacular resort in the Western Hemisphere, and said China was poised to help other countries including the Bahamas recover from the global recession. We are delighted to see the Bahamas take effective measures to restore its economy, and improve the business and investment environment, which are paving the way for the next round of economic growth, Mr Li said.AmazingVincent Vanderpool-Wallace, minister of tourism and aviation, said that with the opening of the redeveloped Lynden Pindling International Airports (LPIA) first phase to come later in the week, together with Baha Mar it would provide the perfect book ends to an amazing week that he described as significant in the history of the Bahamas. Describing the two as the largest private and public sector investment projects in the Bahamas history, Mr Vanderpool-Wallace said that in Baha Mars case, there were few such projects going on in the US and Caribbean. When people look and see what is happening in the Bahamas, they will know there is something very special about the Bahamas when there is nowhere in the hemisphere where something like this is beginning to happen. Thanks very much for putting us so prominently in peoples minds with this outstanding project, Mr Vanderpool-Wallace said. All this, though, is unlikely to ease US concerns previously expressed in a December 2009 diplomatic cable from the American Embassy in Nassau, which was obtained and published by whistleblowing website, Wikileaks. Titled Chinese offers golden opportunities for the Bahamas, and written by Deputy Chief of Mission, Timothy ZunigaBrown, the cable said: The Chinese appear committed to establishing a firm financial hold on projects, such as the Baha Mar, that will have a major impact on the Bahamian economy and leave the GCOB (government) indebted to Chinese interests for years to come. The Government of the Commonwealth of the Bahamas is waiting to determine whether current Chinese behaviour is a result of scepticism over market conditions, or whether China is using this investment solely to establish a relationship of patronage with a US trading partner less than 190 miles from the United States. Ambassador Hu said yesterday that with the forces of globalisation driving countries together, no country can develop in isolation. BUSINESS THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM rfntb rf n nn r n br b tb rrr b br b b rfntb ntb fb b The plant converts waste cooking oil supplied by companies such as Bamboo Shack, Burger King, McDonalds, KFC and Wendys to biodiesel, but Bahamas Wastes manufacturer license for biodiesel production enables it to only use the product to power its own company vehicles and all other mechanical equipment currently using petroleum diesel. It does not permit the company to sell the fuel commercially. Peter Andrews, Bahamas Wastes chairman, said four of the companys vehicles are already using biodiesel, and as production increases they hope to fuel their entire fleet of 45 to 50 vehicles. As the largest private waste management company in the Bahamas, the company currently uses about 150,000 gallons of petroleum diesel annually for all of its mechanical operations. Mr Andrews said confidence in the technology was not a factor in the rate of roll-out, adding: We are literally just getting into good production. BiodieselThe plant is currently generating 1,000 gallons of biodiesel fuel per day. It is designed with the capacity to produce one million gallons per year, which would be more than sufficient to service the company fleet, said Mr Andrews, but the immediate target is to generate about half a million gallons per year. Mr Andrews said he was unable to quantify the total cost savings at this time, but was confident the move would give the company a hedge against inflation and free it from the iron grip of petroleum lords. About three years ago there was a major increase in the cost of oil. We were hit with about $500,000 [extra costs] in six months from the increase in oil. We couldnt increase our cost (to the consumer at the rate of inflation). If we had any doubts before, that confirmed it for us that we needed to do this, said Mr Andrews. The investment has built Bahamas Waste a fuel tank farm, with storage tanks housing methanol additives and a glycerin byproduct, as well as crude biodiesel and other forms of processed fuel. It includes a processing station and a testing lab. Francisco de Cardenas, Bahamas Wastes managing director, said the company has plans to expand its collection into residential communities in a structured way. He encouraged the public to recycle, and said the company was willing to collect the vegetable waste oil used in any business or private home. A company representative said cars manufactured in the past five to six years were the best candidates for biodiesel conversion. Older cars, he said, often have problems with the seals in the fuel pumps, because of the high concentration of methanol inside the biodiesel. He said biodiesel has 93 per cent of the power of the petroleum diesel sold at gas stations. Bahamas Waste is currently using a 50:50 blend of biodiesel and petroleum diesel in their vehicles, but intends to tweak the ratio over time towards using 100 per cent biodiesel. $1m facility frees Bahamas Waste from petrol lordsFROM page 1B Baha Mar to pave way for more Chinese investment VINCENT VANDERPOOL-WALLACE

PAGE 15

in business. The quicker we privatise critical infrastructure, like BEC, the Water & Sewerage Corporation, the better, Mr Izmirlian said in response to Tribune Business questions. Its up to the Government to find the right partner, but I believe that privatisation is critical for the country to grow. Don Robinson, Baha Mar Resorts president, told Tribune Business that the electricity costs facing Baha Mars existing two Cable Beach hotels were some of the highest utility rates that Ive ever experienced. Any time you have a fixed cost base that is high, it doesnt allow you the fixed margins you normally make.ImpactOutlining the impact on the two resorts, Mr Robinson said: The Sheraton is doing very well with the exception of some group business, which we wish was better. The Wyndham is still suf fering. It has good occupancy, but is suffering from very high fixed costs. However, Mr Robinson said the high electricity and utility cost base would not necessar ily be a problem for the four new hotels and casino set to be constructed as part of the $2.6 billion project, adding: Were going to design it a lot more efficiently than this hotel [the Wyndham] has been designed. Green and renewable energy initiatives were also key parts of the Baha Mar project, he added. Mr Robinson said his biggest fear was that, come 2014, he would need to hire 5,000-6,000 persons to operate the four newly-completed hotels, hence the need for the Baha Mar Service and Training Academy. This would start with construction workers before focusing on training staff for the new casino and hotel brands, so we hit the ground running as we open. Its going to be very much part of the Baha Mar culture, Mr Robinson said. The Baha Mar president earlier said the company would seek to protect guests at the Wyndham and Sheraton from the impact of the construction work, while Robert Sands, the companys senior vice-president of external and government affairs, said it planned to use the construction to help us rather than hurt us by billeting Chinese construction officials at the two properties. Mr Izmirlian said that, with Baha Mar being based on New Providence, the direct and indirect impact from its development would be felt throughout the Bahamas, both in terms of employment and entrepre neurial spin-offs. Among those who could benefit, he added, were small fishermen and large fishing processors. I want to make sure this country prospers, Mr Izmirlian said. BUSINESS THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM &20021:($/7+)+(%$+$0$6 ,1+((0(&2857&20021/$:$1'(48,7<',9,6,21&/(*(1%(7:((1 %$+$0$6'(9(/230(17%$1. 3ODLQWLII $1' :,//,$0$,51 'HIHQGDQW $'9(57,6(0(17)(59,&( 2)+(:5,7) 7$.(127,&( WKDWDQDFWLRQKDVEHHQ FRPPHQFHGDJDLQVW\RXLQWKH6XSUHPH&RXUW &RPPRQ/DZDQG(TXLW\'LYLVLRQ$FWLRQ1R &/(*(1RILQZKLFKWKH3ODLQWLII %$+$0$6'(9(/230(17%$1. KDVLVVXHG D:ULWRI6XPPRQVRXWRIWKH6XSUHPH&RXUWRI 7KH%DKDPDVRQWKHWK-XO\FODLPLQJ DJDLQVW\RXWKHVXPRIDULVLQJIURP \RXUGHIDXOWRIWKHORDQJUDQWHGE\WKH3ODLQWLIIWR \RXRQRUDERXWWKHWKGD\RI-XQHLQWKH SULQFLSDODPRXQWRIDQGLQWHUHVWDW WKHUDWHRIbSHUDQQXP $1'7+$7 LWKDVEHHQRUGHUHGE\0UV 7DELWKD&XPEHUEDWFK'HSXW\5HJLVWUDURIWKH 6XSUHPH&RXUWRQWKHWK2FWREHUWKDW VHUYLFHRIWKH:ULWRI6XPPRQVLQWKHVDLGDFWLRQ RQ\RXEHHIIHFWHGE\WKLVDGYHUWLVHPHQW $1')857+(57$.(127,&( WKDW \RXPXVWZLWKLQWZHQW\RQHfGD\VIURPWKH SXEOLFDWLRQRIWKLVDGYHUWLVHPHQWLQFOXVLYHRIWKH GD\RIVXFKSXEOLFDWLRQDFNQRZOHGJHVHUYLFH RIWKHVDLG:ULWRI6XPPRQVE\FRPSOHWLQJD SUHVFULEHGIRUPRI$FNQRZOHGJHPHQWRI6HUYLFH ZKLFKPD\EHREWDLQHGRQUHTXHVWIURPWKH $WWRUQH\VZKRVHQDPHDQGDGGUHVVDSSHDU EHORZRUIURPWKH6XSUHPH&RXUW5HJLVWU\ $QVEDFKHU+RXVHUG)ORRU(DVW6WUHHW1RUWKLQ WKH&LW\RI1DVVDXRWKHUZLVH-XGJPHQWPD\EH HQWHUHGDJDLQVW\RX 'DWHGWKLVWKGD\RI-DQXDU\$' *,%621,*%
PAGE 16

CANDICE CHOI, AP Personal Finance Writer NEW YORK It pays to be rich if you need a credit card. A year after sweeping credit card regulations upended the industry, banks are showering perks and rewards on big spenders with sterling credit scores. And they're socking customers with spottier histories with higher interest rates, lower credit limits and new annual fees. In some cases the riskiest customers are being dropped altogether. "When you look at the regulations, it's a net positive for consumers," says Peter Garuccio, a spokesman for the American Bankers Association. "But there have been some tradeoffs." The widening differences between how customers are treated is largely the result of new constraints on card issuers. The Credit Card Accountability, Responsibility and Disclosure Act, or the CARD Act, was signed into law with great fanfare at a time when borrowers across the country were struggling to make payments. It swept away several practices that for years had grated on cardholders. A key change is that issuers can no longer hike rates on existing balances or in the first year an account is open. The penalty charge for late payments is also capped at $25 per violation. And monthly statements must also clearly spell out the projected interes costs of making only minimum payments. The regulations are already transforming the cards on the market. To make up for the drop in revenue, banks are imposing new annual fees and hiking interest rates but mostly for those with the lowest credit scores. The best customers are more prized than ever. Here's how credit card offers are changing for consumers in three credit brackets: The A-list (excellent credit): A clean payment history and a healthy appetite for spending put these customers at the top of the credit pyramid. And the courtship of this group is intensifying. Prior to the recession, 44 percent of all credit card offers were mailed to this group. Now they receive 64 percent of all mailings, according to market researcher Synovate. The terms are getting sweeter too: n Customers can earn rewards at five times the standard rate with a premium card being tested by Bank of Amer ica. The acceleration applies to select purchases, and the $75 annual fee is waived for those who have at least $50,000 with the bank. n Generous balance transfer options abound. Think 0 percent interest for up to a year on new purchases, and as long as 18 months on transfers. n Foreign transaction fees are a source of annoyance for the well-to-do, who travel abroad more often. American Express, Chase and Citi have all announced they're doing away with the fees on select cards marketed to their wealth iest customers. In other cases, banks are going all out with enhanced perks. With Citi's new ThankY ou Prestige card, customers who book airline tickets get one complimentary ticket for a companion each year. The card's annual fee is $500. That underscores another attractive trait among these customers the willingness to pay handsomely for premium services. This group's propensity to spend is also attractive because issuers collect fees of 1 to 2 percent from merchants whenever their cardholders make purchases. The B-list (good to fair credit): The next swath of consumers have solid credit histories, but may have more modest spending habits or make an occasional late payment. Many of these customers are seeing an uptick in offers for rewards cards, but the terms aren't dramatically different. A few rungs down the credit ladder, however, are those with spottier records. These customers make late payments often enough to raise red flags or regularly carry balances close to their credit limits. They may not be financial disasters, but they're not entirely reliable either. Most of these B-listers still won't have any trouble getting approved for a new credit card, but they'll have to agree to higher interest rates and annual fees, even for plainvanilla cards. Consider the following: n A new $59 annual fee is being imposed on select Bank of America customers. Notice of the fee was mailed out this month to cardholders who fit certain risk profiles, such as carrying a balance close to their credit limit or regularly making late payments. Customers were also targeted if they didn't have any other relationship with the bank, such as a checking account or mortgage. n The move by Bank of America isn't unusual. Most credit cards marketed to this group now have annual fees of about $39 to $59. A year ago, the same customers could easily find similar cards with no fees. n The average interest rate offered to those with merely fair credit scores is 22.57 percent, up from 19.07 percent about a year ago, according to CardHub.com. The higher prices make sense in light of the new limits on penalty fees and rate hikes, which make these B-list customers far less profitable. Consumer advocates say knowing the costs upfront is nevertheless an improvement to the bait-and-switch tactics employed before the regulations took effect. In the past, introductory interest rates could quickly escalate and catch cardholders off guard. The prices are simply more transparent now, says Ruth Susswein of Consumer Action. The D-List (poor credit): For the riskiest consumers with an established streak of defaults and late payments, the recession isn't the only reason the options have dried up. The CARD Act means banks can no longer freely raise rates or impose fees to manage their default risk, says Dennis Moroney, a credit card analyst with TowerGroup. So when they issue cards, "they have to have their ducks in a row from a risk point of view." There's no doubt the riski est customers have become tox ic in this environment. In 2009 alone, banks wrote off a record $83.27 billion in credit card debt. It's no wonder that card issuers have slashed available credit overall since 2007 by nearly a third, or $1.5 trillion, according to TowerGroup. With bigger issuers such as Capital One the choices for customers with tarnished credit are pretty much limited to secured credit cards. These cards are intended to help borrowers rebuild credit, but require deposits and offer small credit limits. There are often activation fees as well. Another telltale sign of the industry's growing reluctance to wade into this market? First Premier, a long-time player in the subprime credit arena, is no longer offering new unsecured lines of credit. After the CARD Act took effect, the bank tested a card that charged $75 in firstyear fees for a $300 credit line. It had a 79.9 percent interest rate. Those terms apparently haven't been a success. It's unclear whether First Premier will resume offering unsecured credit cards. If not, consumer advocates say the disappearance of such easy-to-get, high-cost cards wouldn't be such a terrible development for those struggling to dig out of debt. BUSINESS PAGE 6B, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM rfrntbn tb b b fb b f b bb f f f b fb fb b b b fb r fbb bb bb f b r b b bb b b b b ff bb bb b b b f b bbf b bb b b b rf ntb n nnnntn THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bs Looking for a credit card? It pays to be rich CARD TIMES : In this Jan. 18, 2011 file photo, four major credit cards advertise at a restaurant in Millbrae, Calif. year after sweeping credit card regulations upended the industry, banks are showering perks and rewards on big spenders with sterling credit scores. (AP Photo/ Paul Sakuma, File)

PAGE 17

BUSINESS THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ROBERT BARR, Associated Press DUBLIN Ireland's next government wants to spread the pain from the nation's bank collapse to investors in bank bonds, an ambition that could be popular with hard-pressed taxpayers but disrupt the nation's bailout agreement and worsen Europe's debt crisis. There has been much talk in the campaign leading up to Friday's national election about "burning" the bondholders and subjecting their investments to sharp discounts, or "haircuts." It recently happened in Denmark, where senior bond holders in Amagerbanken stand to lose 40 percent of their stakes. And it already has happened to investors in unsecured bonds of Anglo Irish Bank; they lost 80 percent or 95 percent of their investment. It's a popular idea in Ireland, but there are widespread doubts whether Enda Kenny leader of the opinion poll-leading Fine Gael party and Ireland's likely next leader can go further. The European Commission is opposed, and investment ratings agencies have fired warning shots this month by further downgrading Irish bank bonds. Ireland's banks borrowed heavily on bond markets and loaned the money to real estate developers during the boom. Now the boom is bust, the real estate loans are not being repaid, leaving the banks crippled. Outgoing Prime Minister Brian Cowen's government decided to have taxpayers backstop the bank's debts, a major factor in forcing the government into seeking a bailout. "I think it is an obscenity that you would in every instance expect the taxpayer to front up for what's happened in the banking system," Kenny said on the campaign trail last week. His party also pledged to try to renegotiate terms of the European Union-International Monetary Fund bailout that rescued the country from bankruptcy. The details of his aims, though, are more modest. He says he wouldn't invest any more money in Anglo Irish Bank, now 93 percent owned by taxpayers, until holders of senior bonds "share that burden." Investors in other banks might be spared. Fine Gael's aim in renegotiating the euro67.5 billion ($92 billion) credit line from the European Central Bank and the IMF is to get a more favorable interest rate, not to abandon the deal. The EU's economics commissioner, Olli Rehn, has ruled out any revision of the bailout this year, though he sees room for maneuver in 2012 and beyond. "I'm, of course, following the Irish debate closely, and I'm aware that in democratic politics we have freedom of speech and freedom of positions," Rehn said earlier this month. He stressed that the EU's agreement is with the Irish state, not with a political party, "and we expect continuity and respect of the memorandum." Propping up Anglo Irish Bank has been costly: taxpayers have put up euro34.3 billion, nearly 22 percent of Ireland's GDP and 60 percent of the euro57.5 billion in public money which is shoring up the banks. Leading party hopes for better deal on bailout PROTEST: Fine Gael leader Enda Kenny walks past a protest by SIPTU union members in Dublin yesterday. AP Photo/Peter Morrison

PAGE 18

PANPYLAS, AP Business Writer LONDON Fears that Libya is heading toward deepening chaos hit stocks Monday and pushed oil prices sharply higher. With reports suggesting that over 200 people have been killed in clashes across the country, which have spread to the capital Tripoli, investors are getting increasingly worried about the escalating violence in one of Africa's biggest oil producers. Those concerns were heightened by a statement from Seif al-Islam Gadhafi, the son of Libya's longtime leader Moammar Gadhafi. Blaming everyone from drug addicts to the media for the current turmoil afflicting Libya, he warned that civil war was a real possibility andthat his father would fight until "the last bullet." Unlike Tunisia and Egypt, which have already seen popular uprisings that deposed longtime leaders, Libya is a member of producer cartel OPEC and has a direct impact on global oil production. The country is one of the world's biggest oil producers, accounting for around 2 percent of global daily output, and has the biggest proven oil reserves in Africa. Already three leading oil companies, Italy's ENI, Norway's Statoil and Britain's BP, have already said they are pulling some employees out of Libya or preparing to do so. "Libya is the first major oil exporter to be engulfed by the crisis and the first to see signif icant disruption to oil production," said Julian Jessop, chief international economist at Cap ital Economics. Unsurprisingly, the main impact was in the oil markets. Benchmark crude for March delivery was up $4.13, or 4.8 percent, at $90.13 a barrel in electronic trading on the New York Mercantile Exchange, while Brent crude in London spiked $2.35 a barrel, or 2.3 percent, to $104.84, having earlier struck a two and a half year high above $105. Rising oil prices are a particular worry for investors as they reinforce fears over inflation and raw materials costs. They also stoke fears of a big drop in global demand levels, as evidenced in previous oil price shocks in 1973-4, 1979 and 2008. Given that unappetizing backdrop, investors' appetite for risk in other markets fell sharply. When risk appetite is low, investors usually look for shelter in the perceived safe havens of the U.S. dollar and gold at the expense of more risky investments such as stocks. "Political risk is hanging over a big proportion of the world's oil supplies," said Simon Derrick, an analyst at Bank of New York Mellon. "I can see safe haven buying the natural outcome of all this." In Europe, Germany's DAX index closed down 105 points, or 1.4 percent, at 7,321.81 while the CAC-40 in Paris fell 59.73 points, or 1.4 percent, to 4,097.41. The FTSE 100 index of leading British shares ended 68.19 points, or 1.1 percent, at 6,014.80. Markets in the U.S. will be closed Monday for the President's Day holiday. In the currency markets, the euro fell 0.1 percent to $1.3671, while the dollar was unchanged at 83.17 yen. Among commodities, an ounce of gold spiked over $17 to $1,406. The unrest in Libya dominated European markets and deflected attention from positive economic data and a heavy defeat for German Chancellor Angela Merkel's party at a state election. Particularly strong was a survey showing that business confidence in Germany, Europe's biggest economy, has risen once again to hit a new two-decade high. The Ifo institute said its confidence index a closely watched indicator was up to 111.2 points for February from 110.3 in January. It was the ninth consecutive month-onmonth rise. Despite a buoyant German economy, Merkel's Christian Democrats lost badly in Hamburg. Lee Hardman, a currency economist at the Bank of Tokyo Mitsubishi-UFJ said the defeat could prove to be a significant development should it set a precedent going forward. The next two upcoming state elections are on March 27, two days before a crucial summit of EU leaders. "Should the CDU party continue to lose national support ahead it could damage its ability to deal effectively with the eurozone debt crisis," Hardman said. Earlier in Asia, investors also had their first chance to respond to Friday's decision by the monetary authorities in China to increase the amount banks hold in reserve. The 0.5 percent increase was announced after Asian markets had closed. BUSINESS PAGE 8B, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-Low Securit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.26 0.97AML Foods Limited 1.04 1.04 0.00 0.1230.0408.53.85% 10.759.67Bahamas Property Fund 10.63 10.63 0.00 0.0130.200817.71.88% 6.18 4.42Bank of Bahamas 4.42 4.42 0.00 0.1530.10028.92.26% 0.58 0.18Benchmark 0.18 0.18 0.00 -0.8770.000N/M0.00% 3.49 2.70Bahamas Waste 2.70 2.70 0.00 0.1680.09016.13.33% 2 .15 2.14Fidelity Bank 2.17 2.17 0.00 0.0160.040135.61.84% 12.509.62Cable Bahamas 10.21 10.21 0.00 1.0500.3109.73.04% 2.84 2.36Colina Holdings 2.40 2.40 0.00 0.7810.0403.11.67% 7.00 5.40Commonwealth Bank (S1) 6.85 6.84 -0.015,0000.4880.26014.03.80% 3.65 1.63Consolidated Water BDRs 2.20 2.20 0.00 0.1110.04519.82.05% 2.55 1.40Doctor's Hospital 1.40 1.40 0.00 0.1070.11013.17.86% 6.99 5.47Famguard 5.47 5.47 0.00 0.3570.24015.34.39% 10.207.23Finco 6.51 6.51 0.00 0.2870.00022.70.00% 11.408.77FirstCaribbean Bank 9.39 9.39 0.00 0.4940.35019.03.73% 6.00 3.75Focol (S) 6.00 6.00 0.00 0.4520.16013.32.67% 1.00 1.00Focol Class B Preference 1.00 1.00 0.00 0.0000.000N/M0.00% 7.40 5.00ICD Utilities 7.40 7.40 0.00 0.0120.240616.73.24% 10.509.82J. S. Johnson 9.82 9.82 0.00 0.8590.64011.46.52% 10.0010.00Premier Real Estate 10.00 10.00 0.00 1.2070.2008.32.00% 52wk-Hi52wk-Low Security SymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029) BAH29 99.460.00 100.00100.00Fidelity Bank Note 17 (Series A) + FBB17 100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) + FBB22 100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) + FBB13 100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) + FBB15 100.000.00 52wk-Hi 52wk-Low Symbol Bid$ 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 2029M ONDAY, 21 FEBURARY 2011BISX ALL SHARE INDEX: CLOSE 1,481.26 | CHG -0.51 | %CHG -0.03| YTD -18.25 | YTD % -1.22BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.06 5.01Bahamas Supermarkets N/A N/A 14.00 -2.9450.000N/M0.00% 0.55 0.40RND Holdings 0.35 0.40 0.55 0.0010.000256.60.00% 41.00 29.00ABDAB 30.13 31.59 29.00 4.5400.0009.030.00% 0.55 0.40RND Holdings 0.45 0.55 0.55 0.0020.000261.900.00% 52wk-Hi52wk-Low Fund Name NAVYTD%Last 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.95272.8300CFAL MSI Preferred Fund2.95270.18%1.61%2.918697 1.58371.5141CFAL Money Market Fund 1.58370.61%4.59%1.564030 3.20252.8522Royal Fidelity Bahamas G & I Fund 2.7049-0.56%-15.54% 13.638813.0484Royal Fidelity Prime Income Fund 13.41640.44%-0.10% 114.3684101.6693CFAL Global Bond Fund 114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund 106.55284.75%7.18%100.779540 1.14651.0000FG Financial Preferred Income Fund1.14655.20%5.20% 1.11851.0000FG Financial Growth Fund 1.11854.73%4.73% 1.14911.0000FG Financial Diversified Fund 1.14915.35%5.35% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.79504.85%5.45% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6417-1.20%0.50% 10.12669.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.12661.27%1.27% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.45100.72%9.95% 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/MNot 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-Jan-11BISX Listed Mutual FundsNAV Date 30-Nov-10 31-Dec-10 31-Jan-11CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Nov-10 30-Sep-10 31-Jan-11 11-Feb-11 31-Jan-11MARKET TERMS31-Dec-10 NAV 6MTH 1.475244 2.910084 1.545071 107.570619 105.776543 30-Jun-10 31-Dec-10 30-Nov-10 31-Jan-11 '25,$1%5(17)2<,/RI &DYHV3RLQW:HVW%D\6WUHHW3%R[$31DVVDX %DKDPDV rfntfbf frrrr rrrr rfntbnn rf rrrf rfntfbf frrrr rrrr rfntbnn trr fbtr f ADAM SCHRECK, AP Business Writer DUBAI, United Arab Emirates Standard & Poor's cut the Bahrain government's credit ratings Monday because of concerns that political unrest could roil the small island kingdom for some time to come. Stock markets across the Middle East took a further hit, too, even as global oil prices rose sharply, reflecting investors' wariness over antigovernment uprisings that continue to flare up from Libya to the Persian Gulf. "If you talk to investors right now, they are trying to figure out (the) regional implications in terms of foreign policy, domestic policy, security, economic impact," said Saud Masud, chief executive of SM Advisory Group, a New York-based investment consultancy focused on the region. "So higher risk aversion is a given." Credit rating agency S&P said it was lowering the Bahrain gov ernment's long and short-term sovereign ratings by one notch to A/A-2 because of what it called a reappraisal of political risks in the island nation. The firm expects demonstrations calling for political reforms to persist despite last week's crackdown by state security forces. Also downgraded to similar levels were the country's central bank and its sovereign wealth fund, Mumtalakat, which owns the money-losing national carrier Gulf Air. Bahrain has tried hard to position itself as an attractive investment destination despite being eclipsed by Dubai as the Middle East's financial heart. Even the passport stamps issued to incoming visitors declare the kingdom as "Business-friendly Bahrain." Its relatively liberal lifestyle and active nightlife scene also make it a popular destination for visitors from neighboring Saudi Arabia. Formula 1's season-opening Bahrain Grand Prix which was called off Monday due to the unrest is also a major tourist draw. S&P said the outlook for Bahrain's ratings is negative, suggesting further downgrades are possible. It plans to reassess its ratings within the next three months. "During this time, we expect the course of political events will become clearer, as well as their impact on Bahrain as an offshore financial center and a tourist destination, two important pillars for the economy," S&P credit analyst Mike Noone said. The cost of insuring Bahrain's debt rose further Monday. Financial data provider CMA said the country's five-year credit default swaps pushed past 300 basis points, their highest level since the crisis began. Tensions remain high in Bahrain after security forces opened fire on protesters trying to reclaim the landmark Pearl Square last week. At least eight people were killed and hundreds injured in the clashes. Bahrain's rulers have offered talks with opposition groups to try to defuse the showdown, but negotiations have yet to begin. Stocks across much of the Middle East extended their losses Monday, even as benchmark oil prices surged by more than $4 a barrel by evening in the Mideast amid concerns that violent protests in OPEC member Libya could disrupt supplies. Shares on the Dubai Financial Market were among the hardest hit, falling 1.3 percent to close at 1,516 points. Saudi Arabia's main index slipped 0.6 percent to 6,299 points, while Bahrain's index lost 0.4 percent to finish at 1,466 points. Egypt's stock market has remained closed for more than three weeks. (AP Photo) INVESTMENTJITTERS: Local residents observe as a tanker passes through the Suez canal in Ismailia, Egypt, in this Thursday, Nov. 20, 2008 file photo. Investors nervous about instability gripping Egypt drove Middle Eastern stocks down sharply Sunday Jan 30 2011 as markets reopened following a weekend of violent protests. The losses, led by a drop of more than 4 percent in the regional business hub Dubai, reflect concerns the unrest that has roiled the Arab world's most populous country and nearby Tunisia could spread, jeopardizing an economic recovery across the region. Libyan clashes hit stocks as oil prices rise sharply (AP Photo/Gregorio Borgia) PROTEST: Demonstrators hold their placards reading: "Glory to our martyrs and shame to their killers", right, "Gadhafi assassin and criminal", center, and top,"Berlusconi you stand still in front of the massacre of the Libyan people" during a protest near the Libyan embassy in Rome, Monday, Feb. 21, 2011. Libyan protesters celebrated in the streets of Benghazi on Monday, claiming control of the country's second largest city after bloody fight ing, and anti-government unrest spread to the capital with clashes in Tripoli's main square for the first time. Moammar Gadhafi's son vowed that his father and security forces would fight "until the last bullet." S&P CUTS BAHRAIN'S CREDIT RATINGS AMID UNREST INTERNATIONAL BUSINESS TAREK EL-TABLAWY, AP Business Writer CAIRO Banks across Egypt threw open their doors Sunday, returning to business after an almost weeklong closure mandated by the central bank because of strikes and labor protests that have hampered efforts to reboot the nation's economy. It marked the second time in three weeks that Egypt's banks have reopened after a state-ordered closure, highlighting the uncertainty that prevails in the country more than a week after mass demonstrations toppled longtime President Hosni Mubarak. An earlier attempt to open the banks and establish a semblance of normalcy during the height of the anti-government protests lasted only a week before the lenders were ordered shut. Reopening the banks is a critical step in returning to business as usual in a country where the sense of hope sparked by Mubarak's ouster is tempered by the frustration that comes with crafting a new political framework while also trying to allow people to move on with their lives. But it is just as crucial for the economy, which already has been badly hit by the 18 days of unrest that ended with the military takeover on Feb. 11. The government has estimated the total losses during the unrest at over 10 billion Egyptian pounds ($1.7 billion), with more than half of that linked to the vital tourism sector. Keeping the banks shuttered, aside from impeding daily business for a range of Egyptian companies, had also served to further undercut investor sentiment in the Arab world's most populous nation. Rebuilding that confidence will be one of the military's top priorities, along with ensuring security and stability. "I think we're back to business," said Wael Ziada, head of research at the Cairo-based Mideast investment bank EFG-Hermes. He added that barring any major problems, he did not think the central bank will close lenders again. Banks reopen in Egypt after week closure

PAGE 19

WOMAN THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COMhealth BODYANDMINDThe T ribune By JIM ROMANOFF For The Associated Press MODERATIONis a wonderful thing. Not only do health experts say it's the key to making and sticking with healthy eating choices, it also goes a long way to making the healthy foods we choose more pleasurable. Sweeteners are a good example of a place in the American diet where moderation can make a big difference. While the massive amount of highfructose corn syrup consumed by many people isn't a great choice, a more moderate amount of natural sweeteners can be a wonderful complement to a healthy diet. A bit of maple syrup, for example, can create a wonderfully sweet glaze for roasted poultry or root vegetables. Likewise, maple sugar (a granulated form of the syrup) can be great in a rub for beef or pork. In this recipe for garlic-maple roasted parsnips, maple syrup creates a deliciously sweet glaze. If parsnips aren't your thing, feel free to substitute carrots, beets or other root vegetables.MAPLE-GARLIC ROASTED PARSNIPSSTART TO FINISH: 50 minutes (20 minutes active) SERVINGS: 6 to 8 2 pounds parsnips, peeled and cut into 1-inch pieces 4 cloves garlic, chopped 1 1/4 teaspoons salt 3 tablespoons maple syrup, or more to taste 1 tablespoon olive oil 1 teaspoon ground black pepper 2 tablespoons granulated maple sugar Heat the oven to 350 F. Line a rimmed baking sheet with parchment paper. In a large bowl, combine the parsnips, garlic, salt, maple syrup and oil. Toss well to coat, then transfer to the prepared baking sheet, arranging the parsnips in an even layer. Bake for 45 minutes, or until tender and starting to brown. During roasting, stir the parsnips every 15 minutes for even browning. In small bowl, mix together the black pepper and maple sugar. Sprinkle this over the parsnips, then return them to the oven for another 5 minutes. Nutrition information per serving (values are rounded to the nearest whole number): 126 calories; 19 calories from fat (15 percent of total calories); 2 g fat (0 g saturated; 0 g trans fats); 0 mg cholesterol; 27 g carbohydrate; 1 g protein; 6g fibre; 312mg sodium. Little sweetener goes a long way in a healthy dietMAPLE-garlic roasted parsnips. Maple syrup creates a deliciously sweet glaze in this recipe. (AP) By ALESHA CADET Tribune Features Reporter WITH more than half of the countrys children estimated to be overweight, a local pediatrician is calling on Bahamian parents to lead the fight for a healthy younger generation.In an interview with Tribune Health Dr Jerome Lightbourn said: The parents need to start themselves, it has to be a family effort. There is no way you can tell a child you can't eat this, this is what is happening all the time. The diet for a child that is considered obese should not include fried foods, processed foods, cold cuts, ready-made fruit cups, sweet juices, potato chips and candy, among other things. They are all sugars, they need to stay away from those, he said. For breakfast, they should stay away from the cold cereals, the fruit loops, the pops, those are sugars. They should eat oats, some more complex carbohydrates, they will last in you a lot longer; oats and fruits are better than juice and cereal. Juice is pure sugar, take it in and it burns, it doesn't last so you're hungry again. A fruit will last a long time, the granola and the whole grain breads and those type of products last a long time, they sustain your blood sugar level, they are called low glycemic index foods. The high glycemic index foods which we love in this country are the processed and sugary foods, that's your Pop-Tarts and your sugar Frosted Flakes, Dr Lightbourn said. He continued: In essence to keep weight off, you must have a very high metabolic rate, a metabolic rate means you burn what you eat and if you do not burn, you store it in forms of fat. The two items you store in terms of fat are sugars and fats. The issue with most of our children is that they don't get a good breakfast, they don't eat frequently throughout the day and when they do eat they eat big volume meals, typical of the adults. Many adult Bahamians, he said, eat huge dinners, often skip lunch and in most cases have small breakfast meals, except for on the weekends. What grown-ups should be eating are four to five small meals throughout the day. So the typical child under the age of two should really have breakfast, lunch, dinner and a snack between each one of those. That is really something we should stick with throughout our entire lives, Dr Lightbourn said. We cannot move all day, a child in a classroom cannot move all day, so as parents, as guardians and health care professionals, it is important that we want to teach them to eat right and teach them to move. Moving means 60 minutes a day, seven days a week, it could be walking or running, of course the more you move, the more you burn. Giving advice on how parents can get their kids into the habit of eating healthy, Dr Lightbourn said: There is no way you can get a child to go into Wendy's or Burger King and tell me they cannot have a milkshake or they cannot have French fries, you will lose the battle. The parents are concerned about their child being obese and they are three times as big as their kids. The parents eat what they want when they are out and tell the kids they cannot eat what they want, it has to be a family approach. Mr Lightbourn said he is concerned about the number of morbidly obese children in the Bahamas. We measure obesity by something called the body mass index (BMI), and those numbers are important. That is based on your height and your weight. We have kids that are 30, 32 BMI and that is very dangerous, it is called morbid obesity. When a person's BMI is 25 or greater, they are considered morbidly obese, said Dr Lightbourn. Morbid obesity implies that your obesity can make you sick, it implies diabetes, hypertension, kidney disease and heart disease. We have those diseases in 10-year-olds and 15-year-olds. We as a nation need to do something about this right now, we can't sit on this, 20 or 30 years down the road we would have a major problem in our adult population. According to primary health care monthly reports, and the School Health Services annual report for 2004-2005, of 3,066 Bahamian 10-yearolds screened, 576 were considered overweight a number which is still almost double the world average of 10 per cent. But the Bahamas is not alone in with this problem. Our closest neighbour, the United States, has seen child hood obesity rates triple over the past 30 years. According to statistics, almost one in every three children in the US is overweight, and the numbers are even higher in African American and Hispanic communities, where nearly 40 per cent of the children are overweight or obese. To tackle the problem and work towards raising a healthier generation, first lady Michelle Obama launched the Lets Move! campaign a year ago this month. The physical and emotional health of an entire generation and the economic health and security of our nation is at stake, Mrs Obama said on the campaigns website.Parents need to start fight against childhood obesity THIS month marks the oneyear anniversary of first lady Michelle Obamas Lets Move! campaign. Mrs Obama had doubts about making a campaign against childhood obesity one of her signature issues. I wondered to myself whether we could really make a difference, because when you take on a problem this big and this complicated, at times it can be a little overwhelming, she said in a recent speech. In this file photo from September 8, 2010, the presidents wife runs a 40-yard sprint as she participates in the Let's Move! campaign and the NFL's Play 60 campaign festivities with area youth, to promote exercise and fight childhood obesity, in New Orleans. (AP)

PAGE 20

THERE are several worms (parasites) that are zoonotic and can be transmitted from pets to your children. I am constantly asked, Doc, I have a five-year-old, can she get worms from my dog? It is very possible for a person to catch intestinal para sites from a dog, and anyone who takes care of young children, in particular, should know the risk factors and what precautions to take. Most intestinal worms are transmitted only via faecal to oral contact (a person has to swallow the worm eggs, which are passed in an animal faeces). Babies and toddlers crawl around on the ground and play in sand boxes, and put their fingers, toys and other objects in their mouths, whether they are dirty or not, so it is possible for them to ingest soil that contains a trace of dog or cat faeces. Roundworms (Toxacara species) are extremely com mon in puppies, kittens and older animals can be infected with them as well. If a child does catch roundworms from an animal, the results can be devastating. Rather than staying in the digestive tract as they do in dogs and cats, roundworm larvae often migrate throughout the human body. They can damage the liver, lungs, eyes or brain, sometimes irreversibly. Hookworms are the excep tion to the faecal-oral rule. Hookworms eggs are found in faeces, but in addition, the hookworm larvae that hatch from those eggs can penetrate the skin of those who come in contact with damp sand or soil. Hookworms are very prevalent in the Bahamas. Children walking barefoot or playing in damp areas are the most likely to become infected this way. Hookworm larvae leave a red, raised, itchy trail when they burrow into the skin. This rash is called cutaneous larva migrans or creeping erup tions. There is some good news about worms and kids and pets. The types of worms that children get most commonly are pinworms. Dog and cats dont carry them. Pinworms are spread from person to person, and not from pets to people. To prevent kids from getting worms from pets, one must take the following precautions: Have your veterinarian test and treat your dogs or cats on regular basis (twice a year). Pick up faeces in your yard and dispose of them in the trash. If animals sometimes defecate in your yard, dont let infants play directly on the grass, put them on a blanket or in a playpen. Wash your baby or toddlers hands frequently especially after they play outdoors, after they pet a dog or before they eat and drink. Sometimes dogs and cats use your childrens sandbox as a litter box, keep these boxes covered when your child is not playing in it. With all children, emphasise the importance of washing hands before eating. WOMAN PAGE 10B, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COMHow does stress affect your oral health STRESS is all around us, and it impacts us daily. Anything that poses a challenge to our well-being is a stress. It can be neutral, positive or negative. When stress undermines both our mental and physical health it is negative (bad). Bad stress comes from all aspects of our life and has an impact on our bodies and minds. The mouth is no exception and your oral health is adversely affected by bad stress. Mouth sores, including canker sores and cold sores; clenching of teeth and teeth grinding (bruxism); poor oral hygiene and unhealthy eat ing routines; and periodontal (gum) disease or worsen ing of existing periodontal disease are a few of the major effects of stress on the mouth.Mouth sores(a) Canker sores sometimes appear inside the mouth in pairs or even in greater numbers. In addition to the causes being immune system problems; bacteria and viruses; stress as well as fatigue and allergies, can increase the risk of getting them. Canker sores are not contagious. Canker sores usually disappear in seven to 10 days spontaneously. Relief from the irritation can be obtained by over-the-counter topical anesthetics. In addition, to reduce irritation, do not eat spicy, hot foods or foods with a high acid content (for example tomatoes or citrus fruits). (b) Cold sores, also called fever blisters, are caused by the herpes simplex virus and can appear as a result of bad stress. They are contagious. Cold sores are fluid-filled blisters that often appear on or around the lips, but can also crop up under the nose or around the chin area. It is common for an emotional upset, to trigger an outbreak. Sunburn, skin abrasion and fever can also cause a cold sore outbreak. (c) Fever blisters, like canker sores, often heal spontaneously in about a week, but treatment is available. Over-the-counter remedies and prescription antiviral drugs can be obtained.Teeth grindingStress can often times, make you clench and grind your teeth. It can occur during the day or night, and often subconsciously. Persons, who habitually clench and grind their teeth, will intensify the habit when bad stress impacts them. The habit of grinding and clenching your teeth can lead to problems with the temporomandibular joint (TMJ), located in front of the ear where the skull and lower jaw meet. When this occurs, a series of problems can manifest themselves (for example headaches, difficulty chewing and ear aches). Many treatment options exist for bruxism. The healthcare professional, may rec ommend a night guard, worn as you sleep, or another appliance to help you stop or minimise the actions.Poor oral hygiene and unhealthy eating habitsWhen people are under extreme stress, it may affect their mood and cause them to change their oral hygiene habits. In many cases, they floss and brush fewer times in a day and neglect to keep their mouths clean. When you do not take care of your mouth and your teeth, your overall oral health will suffer. If you already have gum disease, brushing and flossing less, will worsen the problem. If your mouth is in relatively good health, falling down on brushing and flossing will lead to gum disease. It will also increase your risk of cavities. It is easy for persons under stress to also develop unhealthy eating habits (for example snacking on large amounts of sugary foods or drinks). These habits will increase the risk for tooth decay and other problems. Reminding yourself of the importance of mouth hygiene and healthy eating may help. Routine exercise can help you relieve stress and feel energised enough, to improve your oral hygiene and cook healthier meals. Exercise will also boost your immune system and that is good for your oral health.Gum DiseaseSome researchers believe that bad stress can cause an increase in dental plaque, even when the stress levels are short-term. Some believe the risk of gingivitis (bleeding gums), which can progress to serious gum disease, also increases with exposure to bad stress. Stress sometimes can lead to depression. Recent research, suggests that depressed persons, are two times more likely to have an unfavorable outcome after gum disease treatment, when compared to those who are not depressed. Learning healthy coping strategies can help reduce stress and depression and by extension reduce gum problems. Healthy coping is "problem-focused" with active and practical strategies to deal with the stress and depression, experts say. It is crucial to eat a balanced diet, see your dentist regularly and practice good oral hygiene to help reduce the impact stress has on your mouth. If you are stressed and have noticed any of the symptoms described above, it is crucial you set up a visit to see your health care professional. This article is for informational purposes only. It is not intended and may not be treated as, a substitute for professional medical/dental advice, diagnosis, or treatment. Always seek the advice of a physician or dental professional with any questions you may have regarding a medical/dental condition. Never disregard professional medical/dental advice or delay in seeking it because of a purely informational publication. Dr Andr R Clarke, DDS, MBBS Special care dentistry Children and Worms By ANDRE CLARKEKEEPING YOUR MOUTH ALIVE By DR BASIL SANDS 15 easy ways to fit exercise into your day! EVEN though 85 per cent of Bahamians feel that they should be doing some form of exercise most of us believe that we don't have the time or energy to commit to a regular, rigorous exercise programme. The treadmill and exercise bike you bought last year? It makes an excellent clothes hanger. The gym membership you got last year? You cant even remember where the gym is? The good news is that you dont necessarily have to go to a gym or jog 10 miles to get a workout. There are a lot of things you can do around the home and at work that can make up a nice fitness regimen until you decide to take it to another level like joining an outdoor fitness club or gym. Most experts recommend that any regimen include at least 20 minutes of continuous exercise three times a week. Here are 15 ways you can get some exercise into your daily routine: 1. PLAY ACTIVELY WITH YOUR CHILDREN (or the neighbours children). Ever wonder why kids sleep so soundly at night? It's because they're so physically active during the day. We're not talking about the video game type of playtime. We mean outdoors play. A lively game of basketball, tossing around a Frisbee or playing hide-and-seek are all activities that will raise your heart rate while you spend quality time with your children. 2. DEVELOP A GREEN THUMB Is there space in your backyard that's just going to waste? Plant a garden. Getting down on your hands and knees to take care of plants is a great workout. In addition, you'll get to eat the products of your labour. Plant the kinds of vegetables, fruits and herbs that you like to eat and include them in your diet. 3. WORKOUT WHILE WATCHING TELEVISION Take advantage of that time in front of the tube to exercise. Try marching or jogging in place during the programme, and get on the floor to do abdominal exercises. If you have exercise equipment at home, put it right in front of the television so that it blocks the view from the couch. That way, you'll have to get on the equipment if you want an unobstructed view. 4. TAKE THE STAIRS Skip the elevator and give your legs a workout. In highrise buildings, get off a couple of floors earlier and take the stairs the rest of the way. 5. DO-IT-YOURSELF CAR WASH Don't pay someone to wash your car when you can do it yourself. Buy some cleaning supplies (sponges, soap, polishing cloth, wax) and get busy, clean the inside and outside of your car. When you're done, you'll have gotten quite a workout. 6. WALK THE DOG If you and the family dog could stand to lose a few pounds, you can both get some much-needed exercise by going out for more walks. Start by going around the block every time the dog needs to go outside. Gradually move up to longer walks. 7. SUPERMARKET AEROBICS At the grocery store, walk up and down all the aisles with your cart before you start shopping. Don't do this on an empty stomach, or you'll be tempted to throw all kinds of goodies into the cart you wouldn't normally buy. 8. HIT THE DANCE FLOOR Take lessons with your mate, or partner up with another single person. Learn a new kind of dance, like salsa or swing, that burns a lot of calories. 9. MOVE WHILE YOU WAIT While youre waiting for doctors' appointments, the car repair shop, anyplace you would typically wait for service, get up, go outside and walk around the area. Just let the receptionist know. Put down those old magazines down and get moving. 10. CRUNCH TIME If most of your time is spent sitting behind a desk, seated abdominal crunches will get your blood flowing and tighten your waistline. Lightly grip the front of the Desk for support. Holding your abdominals in, lift your knees toward your chest. 11. LEAVE YOUR CAR BEHIND Walk, or ride a bike to your destination. Instead of taking the fastest route, choose a roundabout course and take the long way home. 12. TAKE A WALK DURING BREAKS After all, walking is something you do every day, and it is easy for most people of every age and fitness level. If you plan to walk for longer than a few minutes, take off your heels or dress shoes and slip into a pair of soft-soled or athletic shoes. Don't forget to warm up by doing some stretching. Form a walking club with your coworkers and walk during lunch and coffee breaks or before and after work. Try to find people at your fitness level so the pace is challenging but not too strenuous. The camaraderie of walking with friends helps pass the time. Before you know it, you'll have walked a mile. 13. CONDUCT CONVERSATIONS IN PERSON Do you call or send e-mail to your colleagues in offices down the hall? Get from behind your desk and pay them a face-to-face visit. 14. SHOP AND WALK Look for the furthest parking spot at the mall and park there. Then, walk around the mall a few times window shopping before going to your target destination. Great way to get some exercise in, huh ladies? 15. VACUUM YOUR WAY TO FITNESS Vacuuming is already a pretty good arm workout, but to work your legs, turn up the music and dance as you push the vacuum around (watch out for the cord!). Try doing some front and back leg lunges, which are great for toning the thighs and rear end: Front lunge Push the vacuum and step forward and down with one leg, making sure the knee does not extend past the toes. Bend the back leg toward the floor. Back lunge Using the vacuum as support, step back with one leg, bending that knee toward the floor. Make sure the knee of your front leg doesn't go past your toes. If you feel you dont have the time to exercise try incorporating one or more of these simple ideas into your daily routine. Once you make fitness a priority in your life, you will be looking for more ways to get and stay fit. All information contained within this column, is for informational purposes only. It is not intended to diagnose, treat, cure, or prevent any health problem nor is it intended to replace the advice of a physician. Always consult your physician or qualified health professional on any matters regarding your health or on any opinions expressed within this column. All opinions expressed on this site are solely the authors. The author operates Outdoor Fitness Bahamas OFB. Outdoor Fitness Bahamas offers fitness sessions, nutritional counseling and motivational training. Mr Walkine can be reached at 4324026 o 429-9806, e-mail outdoorfitnessbahamas@gmail.co m or the website outdoorfitnessbahamas.com. TIP 6. WALK THE DOG By Craig Walkine SrSHAPE UP

PAGE 21

WOMAN THE TRIBUNE TUESDA Y, FEBRUARY 22, 2011, PAGE 11B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COMBy JEFFARAH GIBSON Tribune Features Writer FROM creating detail-rich sculptures entirely out of sugar, to carving exotic looking desserts from fruit, Chef Jasmine Young tackles it all on a daily basis.As the pastry chef at The Cove Atlantis, Jasmine aims to create delicious and visually appealing desserts for the guests. One of the most unique pieces she ever created albeit an inedible one was a Japanese doll made entirely with sugar. From the arms to the legs, and even the clothing, everything was made from sweet crystals, she told You Go Gurl. Now that she is an ace at sugar works, Chef Jasmine wants to master the art of sculpting with chocolate. In her career she has made almost every imaginable dessert and pastry including her signature exotic crme brule, fruit sculptures, over-sized cakes, show-stopping table centrepieces but the thought of making chocolate sculptures excites her. While she is passionate about food carving, her favourite desserts to eat are Italian custards, panna cotta and puddings. Her enthusiasm for creating pastries began in her mothers and grandmothers kitchens. And even though her first childhood attempts to make pound cake didnt go quite the way they were supposed to, she was not discouraged. I used to love being in the kitchen with my mother and my grandmother. I used to ask a lot of questions. I could remember one time when I baked this cake and it did not come out the way I wanted it to come out; I forgot to grease the pan and the cake couldnt come out. It tasted really good but it just couldnt come out of the pan, she said. However, it wasnt until getting a job at a Subway restaurant that she really discovered her love for food. When I started working at Subway was when I realised my I love food. I was always competitive with my co-workers in terms of speed and who made the best looking sandwich. I was also good at remembering which customers like certain foods, Chef Jasmine said. As unlikely as it may seem, this job in the sandwich chain inspired her to pursue training in the culinary arts. I applied for the Bahamas Hotel Training Programme, for the apprenticeship programme, and Paradise Island Resort sponsored me. I also had to work some time in different restaurants, the butcher shop, the pastry shop. I also worked at Caf Martinique. I found myself missing making pastries. So whenever I was done working I would go back to the pastry shop and help decorate the pastries, she said. After completing the apprenticeship course, Chef Jasmine set her sights on higher goals. She went on to attend the Johnson and Wales University where she received her Bachelors Degree in Culinary Arts and her Masters in Culinary Education. At the time of the opening of the Royal Towers I was hired to train the cooks. Then I trained the cooks for the opening of The Cove, she said. Today, working at The Cove Atlantis every day is a labour of love for her, she said. I love what I do, every day is a like a new day because I can try new things as long as it sticks within the theme of the restaurant. Not neglecting her competitive nature, Chef Jasmine has participated in a number of culinary competitions over the years. She was also part of the Bahamas Culinary Olympics team in 2004. That same year, she won a Cacique Award for her work and was named Chef of the Year. The feeling that I get from competing is something that I cannot explain. It gave me a rush and it was very exciting. The level of skilled among the other chefs was tremendous and I got to meet so much different people, she said. UNDER the theme The Metamorphosis, six curvy, confident women will hit the stage of the Rainforest Theatre this Sunday to compete for the title of Ms Full Figured Bahamas. Pageant organisers who are hosting the event for the fifth year said that contrary to the belief of many, Ms Full Figured Bahamas is not a display of fat, but a display of courage. It is an opportunity to come against the status quo of what beautiful is, and break down barriers that have had many people bound for so long. I would never be nave to think that these are the only barriers that people face, but these are the barriers that I had to face and overcome, and I am using my story, my struggles and triumphs to help someone else, said pageant director and founder Rayette McDon ald. The message that Ms McDonald is aiming to convey is that women should not limit themselves because society has closed some doors in their faces or has set up obstacles for them because they do not meet a certain beauty standard. She said she wants women to understand that the world and everything in it is accessible to them. Is it going to be easy? No. Will you be misunderstood? Yes, you will. Will you accomplish everything that you set out to do? Maybe, not but if you are faced with any of these scenarios and let it be as a result of something other people say about you. Drown out the negativity and reach deep within yourself, find your beauty and build upon that until you become unstoppable, Ms McDonald said. Although the Ms Full Figured Bahamas Organisation is an advo cate for the voluptuous woman, pageant organisers said they are nevertheless concerned about the welfare and health of each contestant that walks through their doors. To this end, a fitness programme has been organised and facilitated by the organisations fitness coach. Each contestant had to complete 40 hours of fitness and nutritional classes before the night of competi tion. Leading up to the big night, the contestants recently held their launch party at the Cultural Art Gallery. The young ladies made their entrance to the applause of enthu siastic fans. Wearing gowns by the Fabulous Plus Boutique they spent the night mixing and mingling with crowd. The Crowning Metamorphosis will take place on Sunday at 7.15pm at the Rainforest Theatre in the Crystal Palace Casino. Organisers said the show promises to be entertaining, with the contestants competing in the poise and presentation, swimsuit, talent, evening gown and question and answer segments. The entertainment line-up includes Bahamian Superstar TRez Hepburn, Juice Unit featuring Kiki, St Augustines College Steppers, Keith Jones, Miss Cultural Bahamas, Miss Talented Teen Bahamas and Emanji Circus. The winner of the pageant will go on to represent the Bahamas in the International Bold and Beautiful Competition. Get ready to experience the metamorphosis Sweet Stuff Jasmine Young MS JULIA Desra Mason, a 30-year-old mother of two and a true junkanooer and Valley girl. MS SLEEPY ORANGE Tamar Roberts is from Abaco and travelled weekly to attend the pageant rehearsals. MS SIERRA SULPHUR Geah Smith, 19, is a College of the Bahamas student and former Miss Talented Teen. MS OLYMPIA MARBLE Khamille Moss, 28, has as her lifes philosophy Love yourself, respect yourself. If you dont then who will? MS MARINE BLUE Delarese Luke, 21, has singing as a hobby. MS CARIBBEAN PEACOCK Tenaj Campbell is a College of the Bahamas student and at age 18 the youngest contestant. SOVEREIGN OF SUGAR:Chef Jasmine is now an ace at sugar works, wants to master the art of sculpting with chocolate.

PAGE 22

T H E T R I B U N E SECTION B HEAL TH: Body and mind T U E S D A Y F E B R U A R Y 2 2 2 0 1 1 By ALESHA CADET Tribune Features Reporter FROM forgetting to put the toilet seat down to leaving clothes lying around the house, the habits of men can drive even the most patient wives and girlfriends crazy. Y o u l o v e y o u r m a n b u t y o u w i s h h e wo u ld ch an ge s o me o f h is ba d h ab it s Ma ybe th e fact th at he leaves th e empt y j u i ce b o t t l e i n t h e f r i d g e d i d n o t a n n o y y ou at b egi n ni ng of t h e r el at i on s h ip b u t n ow i t s ju s t p la in i r r it a ti ng Ma ybe his bo astin g tha t he ca n fix ev eryt hi ng b ecau se he i s a man s eem ed en dea r ing at the start, but after many fa iled home i mp ro vem ent pr o ject s hi s s t ub bo rn nes s t o s e ek pr o fe s s io n al as s is t a nce is j us t ag gr a v a t i n g An d th ere is n o e asy re me dy to th e p robl em; get ti ng men to cha nge t h eir way s ca n b e ve ry c ha ll en gi ng T r i b u n e W o m a n s a t d o w n w i t h a f e w Ba ha mi an wo men an d a s ke d t he m t o l i s t s o me of t he mo s t i r r i ta ti n g ha bi t s of t he ir f o r me r an d cu r r en t p ar t ne r s .BAD HA B IT #1 : HIS IN A B ILIT Y T O L IST ENAfter you have spent almost 30 minutes expressing yourself and explaining your feelings to your man, it turns out everything you just said went in one ear and out the next; he completely zoned out of the conversation. Speaking with Tribune Woman, Steffanie Armstrong said: I hate when we are on the phone and I am deep into the conversation and he is having a conversation with someone else who is around him at the time. I find that so rude. That right there makes me so upset because its like I am talking in vain or what I have to say doesn't really matter that much to him. Also watching television during those conversations and falling asleep (is annoying).B A D HABIT #2: A NN O YIN G H ABIT S AT H OM ELeaving the toilet seat up its the uni versal complaint of women everywhere. Some say its not a big deal, but for others its a constant bone of contention, a small thing that becomes more irritating every time it happens. Many times its not even about the actual toilet seat, its about the fact that he refuses to take your requests for small changes in his behaviour seriously. Not cleaning up after himself some men believe once they have a wife/girlfriend they also have a maid. Dael Duncombe told Tribune Woman: I love my man dearly, but there are some things that absolutely, positively annoy me about him. For instance, thinking he has a maid, he can use something and think he is not obligated to pick up behind himself. B A D HABIT #3: U S IN G F OUL L A NGU AGE AND OT HER IN APPR OPRIATE BEH A V I OU RSure, guys will often curse, but there is a time and place for everything. And if using foul language becomes the only way your man knows how to express himself then you have a problem. You may know that he doesnt mean anything by it, but especially when you are in mixed company it can come across as vulgar and cause offence. Cursing around his friends and work buddies is completely different from cursing around you, its not cool. Ms Duncombe said: He uses curse words for no particular reason at times, although I tell him to change that, I have noticed that it is definitely a bad habit he has. I don't know, I guess it's a guy thing; I can list a few more, but I'd be talking to you all day. In addition to foul language, women are also often bothered by mens other bodily functions. Fatima Sands* said: I hate when my boyfriend belches and stuff around me. Its so nasty, and he doesnt like to say excuse me, by the way its those loud ones too.BAD HA B IT #4 : W A T CHING T OO MUCH S POR T S ON TELEVISIONHis addiction to sports and TV can sometimes make you feel as if you come second in his priorities. He probably liked his sports when you met him, but the hours he dedicates to watching sports can put a strain on your relationship. Speaking with Tribune Woman about the subject, Tanesha Graham* had this to say: I hate when my boyfriend is so into basketball games that he literally tunes me out; whether we're on the phone with each other or even in each other's presence, sports always seems to come first! He gets overly excited. I also hate when he insists that I learn the game and watch it for the sake of him. Im not a sports fan and I hate watching men run after a stupid ball.BAD HA B IT #5 : BEC OMING TOO P OSSESSIV EWanting to spend a lot of time with you is nice and makes you feel all loved. However, if that translates into him making it difficult for you to have some alone time or a night out with your girlfriends then you have a problem on your hands. A little clinginess is sometimes manage able, but it has to have its limits. Tameka Smith said: What was so annoying was when I decided to spend a couple minutes with my girls who were there way before him and he gets upset, that was a bad habit he had and I hated that cause I need some me time. He acted like a woman! Sometimes I just wanted to chill and talk, but he wanted to be all over me and I am not into that all the time. Names have been change



PAGE 1

THE groundbreaking ceremony for the Baha Mar development is a milestone in the revitalisation of Cable Beach and the ongoing development of our tourism industry, a ccording to the FNM. In a statement issued yester day under the title FNM brings dreams to reality the governing party noted that on numerous occasions, Prime Minister Hubert Ingraham has expressed gratitude to those who played a role in creating B aha Mar, including at a din ner on Sunday night. For our part, the party said, we are pleased to have brought the project to fruition during our term in office after reviewing and negotiating significant improvements on the original deal negotiated by the f ormer government. On our watch, there is $400 m illion worth of contracts for Bahamians, and more training, b usiness and employment opportunities for Bahamians.U nlike the former deal, Bahamians will now work on t he core project. The party added that followi ng a careful review and rene gotiation, the Bahamas wills ell less Crown land, preserve more wetland, and provide r educed concessions for vari ous purposes related to the project. The Bahamian people are aware of the details of this project because the FNM tabled the heads of agreement and numerous side-letters instead of keeping them secret as did the PLP government, the statement said. The party said that in addition to the Baha Mar resort, there are other vital and related projects and upgrades nec essary for the redevelopment of the tourism industry. The FNM noted that before coming to office in 2002, the now opposition PLP promised Bahamians that it would upgrade the countrys tourism infrastructure. Four long years later in the 2006 Speech from the Throne, the Christie admin istration made the same promises again, the governing party said, quoting from the speech: Over the course of this session of Parliament, signifi cant improvements in the following areas will reap rewards for the Islands of the Bahamas: Downtown Redevelop ment, including the Straw Market Expanded and improved airport facilities New or expanded cruise port facilities The FNM said: These promises were not kept and were again re-promised in the lead-up to the 2007 general election. The party said that in addition to helping to bring Baha Mar, the dream, to reality, the FNM launched or completed the following: A new Straw Market designed and constructed since May 2007 Redevelopment of Downtown Nassau Restoration and refurbish ment of historic Hanzard and S upreme Court buildings The City of Nassau Revitalization Act; Relocation of downtown port Dredging of Nassau Harbour to accommodate worlds largest cruise liners Transformation of Arawak Cay into the main cargo port for New Providence Construction of the new $275 million US Departure Lounge at the Lynden Pindling International Airport Advanced the restarted New Providence Road and Public Utility Refurbishment and Expansion Project Upgrades to various Fami ly Island airports and seaports Tendering of plans for Marsh Harbour Airport, the countrys second busiest Commenced construction of multimillion dollar government administrative complexes in Grand Bahama and in Abaco To further facilitate Baha Mar and the redevelopment of Cable Beach, the construction of a new four-way highway will commence next week, the par ty said. The highway will connect the new LPIA to the new six-legged roundabout, and connect to a new northward extension of Gladstone Road to West Bay Street from the juncture of JKF Drive and Gladstone Road. Work on the Gladstone Road extension is already underway as a part of the road deviation works associated with the Baha Mar development. The FNM added: To improve the quality of life for Bahamians and help in the redevelopment of our key industry, the FNM is pleased to have launched the most ambitious infrastructural programme in Bahamian history in the midst to one of the worst global economic downturns in the lives of most Bahamians. LOCAL NEWS PAGE 2, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net V IBRANT colours, intricate decorations and a beautiful ocean backdrop set the stage for a ceremony marking the official ground-breaking and start of construction on the $2.6 billion Baha M ar development project. At the ceremony, held under the theme Unleash the Baha Mar Spirit, the companys chairman and CEO Sarkis Izmirlian said he never lost faith that the project would get off the ground. It has been a long road of challenging twists and gratifying turns we never doubted the via-b ility of the unique project, he said. Launched during the worst economic recess ion since the Great Depression, Mr Izmirlian said the project will have a positive impact on the e conomy, employment and the travel and leisure industry not only in the Bahamas, but throughout the entire Western Hemisphere. Promising to set the bar for tourism in the region and hemisphere, Mr Izmirlian said thed evelopment will be unrivaled and will lead the industry out of the recession. B aha Mar will include three internationally recognised hotels, a casino, 24 restaurants, l ounges and night clubs, a 50,000 sq ft village featuring luxury retail stores and Bahamian crafts a nd products, a golf course, a 20-acre echo water park, and the largest destination spa in the region. It will be like marrying the excitement and true experience of Las Vegas with the soul, beau t y and spirit of the Bahamas, he said. Deputy Prime Minister Brent Symonette said that while t he project faced initial challenges, the ceremony marks a significant moment for the countrys leading industry. H e said: This moment represents the culmination of a long, painstaking process and the b eginning of the redevelopment and rebirth of a critically important part of the Bahamian tourism establishment. Mr Symonette said the details of the project w ere painstakingly negotiated between the government and Baha Mar, in order to ensure maximum benefits for the Bahamas and Bahamians. He noted that Baha Mar will create $400 mill ion worth of construction work for Bahamian contractors and subcontractors an unprecedented amount from a single development. Estimating that as many as 4,500 Bahamians w ill be engaged during the projects construction phase, Mr Symonette said it is expected that t here will be numerous opportunities for Bahamia n entrepreneurs to benefit both directly and i ndirectly. He said: In addition to securing and expandi ng employment in the construction sector, the Bah Mar project is also expected to make a sig n ificant contribution to the broadening and enhancement of the skill base of the constructionw orkforce. Ambassador of the Peoples Republic of Chin a Hu Dingxian said the ceremony marks a milestone in the China-Bahamas relationship. He said that since the establishment of diplomatic relations 40 years ago, the countries have formed a friendly co-operation relationship ofe quality, mutual respect, mutual benefit and winwin yielding fruitful results. A mbassador Hu said that in an era of global isation and interdependence, no country can develop in isolation. China is committed to an economic relationship of co-operation and mutual benefit, he s aid. Spirit of Baha Mar unleashed at ground breaking ceremony $2.6BN PROJECT GETS UNDER WAY FNM: We have brought the Baha Mar dream to reality CHIEF PRINCIPLES: Pictured l to r, Dai Churning, General Manager, Corporate Business Depart ment, Export-Import Bank of Chin a; His Excellency Hu Dingxian, Resident Ambassador from theR epublic of China to the Commonwealth of The Bahamas; Li R uogu, Chairman and President, Export-Import Bank of China; Hubert A. Ingraham; Prime Minister, The Commonwealth of The Bahamas; Sarkis Izmirlian, Direc t or & CEO, Baha Mar Ltd.; Liu Jin Zhang, Vice President of China S tate Engineering Company, and Chen Guocai, Vice President, Chin a State Construction Company. SIGNATUREMOMENT: Deputy Prime Minister Brent Symonette said that while the project faced initial challenges, the ceremony marks a significant moment for the countrys leading industry. T i m C l a r k e / T r i b u n e s t a f f T i m C l a r k e / T r i b u n e s t a f f DIGIT! Ground-breaking begins. Company CEO Sarkis Izmirlian is pictured third from left. PHOTO: Derek Smith, Jr BAHAMARDREAM: Prime Minister Hubert Ingraham and the companys chairman and CEO Sarkis Izmirlian at the Baha Mar state dinner on Sunday night. Mr. Ingraham expressed thanks to those who played a role in creating Baha Mar.

PAGE 2

LOCAL NEWS THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A 21-YEAR-OLDman c harged with breaking into s everal homes in the Chippingham area was arraigned in the Magistrates Court yesterday. Darren Cooper was arraigned before ChiefM agistrate Roger Gomez o n housebreaking and stealing charges. Cooper is accused of breaking into several homes on ConstitutionD rive, Poitier Avenue, C hurch Hill Avenue and B aldwin Avenue, Chippingham, between December of last year and February 15, 2011. He is accused of stealing h undreds of dollars in jewe llery and electronics. C ooper, who was not r epresented by an attorney, opted for a trial in the Magistrates Court. H e pleaded not guilty to the charges. Sergeant Claudette M cKenzie, the prosecutor, o bjected to Cooper being granted bail, claiming that Cooper might commit similar offences if released and that investigations were still ongoing into oth-e r matters allegedly involving Cooper. Chief Magistrate Gomez denied Cooper bail, citing the number of charges against him and the serio us nature of the charges. C ooper was remanded to Her Majestys Prison. The case has beena djourned to March 2 and transferred to Court 6, Parliament Street. F REEPORT A young man was fatally injured ina traffic accident on Mon d ay, according to unconfirmed reports reaching The Tribune. Police have not yet r eleased any information on the accident up to press time, but the victim isb elieved to be 26-year-old. By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net CONSUMER choices at the level of households, businesses and institutions will drive the change to a renewable energy society, Minister of Environment Earl Deveaux said att he launch of the Bahamas Waste b iodiesel facility. The plant converts waste cooking oil supplied by companies like Bamboo Shack, Burger King, McDonalds, KFC, and Wendys to biodiesel foruse in the companys fleet of vehicles and all other mechanical equipmentc urrently using petroleum diesel. R esearch conducted by the Cape E leuthera Institute shows the B ahamas generates 700,000 to 800,000 gallons of waste cooking oil annually b etween cruise ships and commercial restaurants. Small scale restaurants and residential properties generate ana dditional few hundred gallons. P henton Neymour, Minister of State f or the Environment, said of all the companies granted licenses for biodiesel production, Bahamas Waste came out of the blocks running and cross the finished line first. In praising the initiative, Mr D eveaux said there are many opport unities for the private sector and individual consumers to move the country towards energy efficiency, and there are decisions that are entirely in the hands of Bahamians. Painting O ne of them is changing the colour of your roof by painting it white to r educe amount of heat energy entering your home, said Mr Deveaux. Another is converting to solar water h eaters and energy efficient light b ulbs, he said, as well as leaving trees around your property to reduce the energy load on your home. M r Deveaux said all of the blinking l ights on electronic equipment indic ate energy is being consumed. He encouraged Bahamians to adopt the practice of turning of the computer rather than leaving it on sleep mode; turning off the television when no one is watching it; and generally beingc onscious of energy consumption h abits. There is currently legislation in place to create incentives for energy efficiency, said Mr Deveaux, although he agreed it does not go far enough. Amendments in the Tariff Act, he s aid, provide preferential tariffs for e nergy efficient devices, appliances, bulbs and vehicles. Energy efficiency on appliances is measured by a SEER rating (Seasonal Energy EfficiencyR atio). M r Deveaux said: If you are having problems at the border it is probably because the Customs officer does n ot know what a SEER rating is. He said consumers should hold their ground and simply educatet he officer to access their cost savings. Consumer choices will drive change to renewable energy MAN ACCUSED OF BREAKING INTOS EVERAL HOMES R ENEWABLE ENERGY: E arl Deveaux RESPECTS w ere paid yesterday to retired A CP Basil Elisha Dean at Police Headquarters. Mr Dean died at Cleveland Clinic, Weston, Florida on February 11th. He was diagnosedw ith colon cancer three years ago. He was 63. T he funeral service will be held tomorrow at 11.00am at Christ Church Cathedral, George Street. Tim Clarke /Tribune staff RESPECT SPAIDTORETIRED ACP BASIL ELISHA DEAN SANTO DOMINGO, Dominican Republic Associated Press THE Dominican Republic says it will burn fresh meat and seafood from Haiti that does not have a certificate demonstrating it is free of cholera bacte ria. Health Minister Bautista Rojas says the measure is intended to prevent cholera from spreading through the informal trading net work between the two neighboring countries. Rojas said Monday the military has been authorized to seize and destroy uncertified raw animal products. Dominican authorities blame lobster from Haiti for sickening dozens of people at a wedding last month The Dominican Republic says three people have died and 400 sickened from cholera since October. In Haiti, cholera has killed more than 4,500 people and sickened 234,000. DOMINICAN REPUBLIC TO BURN UNCERTIFIED RAW FOOD FROM HAITI

PAGE 3

EDITOR, The Tribune. Kindly allow me space in your most valuable paper to express my views on the current, chaotic state of the nation. Everywhere one turns people are pointing out how bad our country has deteriorated, and that the Bahamas we once loved and knew is no more. I believe that our country is out of order because those in authority are out of order. There is a lack of respect among the nations leaders and defenders of the law so it follows that this has naturally trickled down to the masses. Lets take a look at what is occurring in the country now. We have political and religious leaders publicly demeaning their colleagues and displaying inappropriate behaviour in the society. There is no respect amongst them and they can care less that the youth of our nation are watching and emulating them. Then, as soon as there is an eruption in one of the local high schools or neighbourhoods, they are quick to pontificate, not realising that these young people are acting out the behaviour mod eled for them. Now, I am not so naive to believe that this is the only reason our youngp eople are destroying them selves and our nation, but it is definitely a contributing factor. I am appalled though, that in many of the recent, violent crimes committed, young people, even teenagersw ere the perpetrators. I turn my attention now to those who are defenders of the law and caretakers of our youth. Far too many police officers and school teachers are being brought before the courts for crimes of every nature. This is highly ridiculous in a nation that is so small and cohesive. If you cant depend on those entrusted to uphold and defend the law then there will be chaos and vigilante justice, which ultimately leads to the destruction of the very fiber of our nation. Police officers and teachers are caught up in nasty scandals and crimes and these are the same persons that are sent out to settle disputes and bring harmony in the community. This contributes to the lack of respect shown to them from members of the public. This is unacceptable, we need to do better screening of those called to do such vital and noble services. I was disgusted the other day when I read one of our dailies and saw a teacher who was charged with indecent assault of several boys entrusted to his care. I was equally appalled to read of the many, criminal cases involving police officers. If we cant trust the police, who can we trust? I recently heard of a case where a police inspector sided with a complainant who it was claimed was a personal friend of his to concoct a lie against another person. The case ended up before the courts and it dragged on for a long time, wasting the tax payers monies and time. The magistrate obviously did not have sufficient evidence to charge the defendant. The case was subsequently thrown out because it boiled down to you say and I say. This, therefore, brings me to my final point, where is the justice system in this country? It is too slow, disjointed, cor roded and heavily biased. It seems as if it is who you know in this country to get things done, this ought not to be. Anyone committing crimes should be prosecuted in a timely manner, no matter who you are or who you know. I was both happy and sad to see a former magistrate brought before the courts to do the right thing yet, sad that it had to come to that. These are the people who represent our legal system and they should be above reproach. The latest fiasco of the Bar Association not wanting to permit our new Director of Public Prosecution, to the Bahamas Bar was horrific and in poor taste. Thank God, they relented. We need to take stock of what is happening in our nation and rise to the challenge of assisting the govern ment in restoring peace, law and order to our beloved Bahamaland. Time is of the essence, but it would be remiss of me not to commend our Commissioner of Police and his team for the proactive stand that they have taken with the Rapid Strike initiative to rid our country of crime. Thank you for the space and may God help us. A CONCERNED BAHAMIAN Nassau, F ebruary, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE The Tribune Limited N ULLIUS ADDICTUS JURARE IN VERBA MAGISTRI B eing Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 E ILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972P ublished 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 For those who rule out the possibility of a Middle East-style democracy revolution in China, consider the town of Xiangshui. There, tens of thousands of farmers fled their homes this month in a middle-of-thenight panic on rumours that a nearby chemical plant with a bad safety record would explode. The chaos ensued despite appeals from officialst hat the rumours were unfounded. It left four p eople dead when a motorized three-wheel vehicle jammed with 20 people veered into a river. China may have successfully squelched a mysterious call for protests Sunday, but peop le's trust that the government will look after their interests runs shallow. "The current regime structure is very frag ile. It's not right for revolution at the moment,but that doesn't mean mass political upheaval c an't take place in the future," said Minxin P ei, a China politics expert at Claremont McKenna College in California. I n the latest test, China's authoritarian government seems to have dispatched the threat of public protests with great efficiency. In response to an Internet appeal of unknown origin for simultaneous protests in 13 cities Sunday, police detained known activists, disc onnected some cell-phone text messaging serv ices and blocked online searches for the p hrase "Jasmine Revolution" the name of b oth the protest call and the wave of Middle E ast democracy protests that started in Tunisia. As a result, only a handful of people protest ed in Beijing and Shanghai, though hundreds of onlookers made it difficult to discern sympa thizers from rubberneckers. On Monday, many activists remained in detention or unreachable, state media mainly ignored the protests,a nd Internet connections to news sites and s earch engines were sporadic, usually a sign o f heavy government monitoring. T ens of thousands of large-scale though local protests take place every year over cor ruption, seizures of land for development and other acts of government misfeasance. Food safety scandals over milk laced with industrial chemicals and rice contaminated with heavy metals have shaken the confidence of middlec lass consumers. Still few China watchers b elieve a revolution is at hand, following the mass demonstrations that swept the autocrat ic rulers of Tunisia and Egypt aside and are now violently engulfing Libya and roiling Alge ria, Bahrain and Yemen. Conditions in China aren't quite as desperate. China is the world's fastest-growing major economy, with economists predicting another year of better than 9 per cent growth for 2011. While unemployment is surely higher than the n early 5 per cent urban joblessness rate, factory wages and conditions are improving for many. University graduates a crucial group in Egypt's uprising are finding jobs in China, though they are poorly paid. The military, at least at the leadership level, is not showing fissures in support for Communist Party rule, and the police state has suppressed any opposition leaders or organizations from emerging. "If you look at Chinese people, their lives are improving. There's no way they are going to put their lives on the line," said Jing Huang of the National University of Singapore. Yet as adept as the Chinese leadership has b ecome in learning from the mistakes of other a uthoritarian regimes and keeping the economy humming, it has steadfastly refused to open up the political system. That insistence on maintaining stability," in the government's p hrase, is now seen by many in China as exacerbating social problems: rampant government corruption, glaring gaps between the haves and have-nots and withering public trust. "History will prove that stability cannot be p laced above all else and that quite possibly will d estroy all else. This ossified mentality that stability overrides all else will nip in the bud all o ur efforts to bring health to Chinese society," said often outspoken Tsinghua University sociologist Sun Liping in a commentary last week on the Renmin Wang website. Rather than social upheaval, Sun's diagnosis is that Chinese society is speeding toward e xtinction, crushed by government power that r uthlessly protects vested interests. O ne of those who wanted to take part in S unday's protests, lawyer Liu Shihui, posted a m essage on Twitter "I have a date with the Jasmine Revolution group" but never made it. At the doorway to his home in the southern city of Guangzhou, five men stopped him, hooded him and beat him with sticks of bamboo. He received treatment for cuts and possible fractures on his legs. I t isn't just activists who suffer. An analysis o f the stampede in the coastal town of Xiangs hui found that locals had good reason to be w orried about the chemical plant's safety. After a 2007 explosion killed eight people, the local government prevented reporters from investi gating the accident, said the analysis posted on a web site run by the national prosecutor's ministry. The government has become so adept at silencing critics and suppressingp rotests, starting with the Tiananmen Square d emocracy movement in 1989, that scholars worry that it is becoming a well-worn tool. When that happens, police states can tire, and Claremont McKenna's Pei said, regimes that look very stable sometimes collapse, like the communist bloc in Europe in 1989, Indonesia a decade later and seemingly Egypt this year. The original, anonymous call for a Chinese "Jasmine Revolution" echoed some of the tactics of these earlier movements. The appeal s aid people should gather not just this past Sunday afternoon, but on every Sunday afternoon. (This article was written by Charles Hutzler of the Associated Press who has covered China for more than a decade). The nations leaders are out of order LETTERS letters@tribunemedia.net Discontent, but no revolt in China yet 6$925
PAGE 4

By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net FIREFIGHTERS continue to monitor smouldering r ubble at the fire-ravaged B etty K Agencies, as invest igations into the blaze continue. S afety concerns have prev ented firemen from access ing certain parts of the building. Fire Marshall Jeffrey D eleveaux said: There is a particular area in that building that ignites at times. It is in a very dangerous area that is very unsafe for officers to enter. Whenever it flares up we would go into the area. F irefighters were called to t he site to extinguish smouldering remains again on S unday. T he fire marshall e xplained that the stillsmouldering embers arel ocated near an unstable w all, which threatens to collapse at the slightest pressure. Mr Deleveaux said the bulging wall could criti cally injure officers if it were to give way. He said: Any pressure c an tilt it over and we could lose officers as a result. (The fire) is on the floor, there isn o danger of it spreading. A ll of the hot spots in the area have already been put out. We would like to have t hat particular area demol ished, but we will just have to put water from the out s ide until that happens. M r Deleveaux explained t hat demolition of the struc t ure will be organised by the Ministry of Works and thep roperty owners; however, f ire investigations must be completed first. In a previous press statement, the fire chief said itw ould take months before a complete report would be made available to the public. Mr Deleveaux added: We have officers in various parts of the building doing i nvestigations, so at this p oint we are trying to pre s erve as much as we can. We are not concerned (with thee mbers). T he historic Betty K Building was gutted by fire on February 14, leaving behind a charred shell ofw hat was a relic of the old City of Nassau. The blaze temporarily displaced hun dreds of workers and d estroyed millions of dollars worth of merchandise. T he building, erected in t he 1920s, was a part of the A ntiquities, Monuments and Museum Corporation's listo f historical sites. Investigations continue into cause of fire at Betty K building LOCAL NEWS THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM FNM MP Sidney Collie has hit out at a local tabloid forw hat he said are false claims that he intends to retire in the run-up to the general election. Y esterdays front page article alleged that he is to be replaced as a candidate forthe Blue Hills constituency, which he currently represents,by FNM senator Michael Pintard. Mr Collie said it was the second time in recent weeks that erroneous claims about his political future havea ppeared in the tabloid. Nothing could be further from the truth, the MP saido f the claims. Mr Collie said that normally, he would not bother toa nswer such wild speculat ions, but reasoned that the tabloid is read by many B ahamians, including some in h is constituency, so he felt it was necessary to set the record straight. For the record, I intend to r un in the 2012 general elec tions in Blue Hills for my party. I will become a member o f the new FNM team after the next election. When the time comes for me to retire, I shall first inform my con-s tituents and my party. In the m eantime, the fight goes on in Blue Hills, Mr Collie said. T he story to which he was responding appeared in yesterdays edition of The Punch. T he article noted that Mr Collie recently accepted the post of non-resident High Commissioner to CARIC OM. The story also claimed that Zendal Forbes, a lecturer at t he College of the Bahamas, w ill make his political comeback and represent the FNM in South Andros against PLP incumbent Picewell Forbes. Z endal Forbes ran in South Andros in 1997 but lost out to former prime minister the l ate Sir Lynd,en Pindling. Senator Pintard, who The Punch tipped to replace Mr Collie in Blue Hills, also ran in the 1997 election in the Centreville constituency, but was defeated by current PLP leader Perry Christie. FNM MP hits out at false claims from local tabloid DEVASTATED: Damage by the fire that destroyed the Betty K Agencies buiilding and ajoining structure. Safety concerns have prevented firemen from accessing certain parts of the building. TWO laser machines have been purchased for the Princess Margaret Hospital Eye Clinic on Soldier Road. The Yellow Birds, the volunteer auxiliary organisation stationed on the hospital com pound, donated the machines a YAG Laser and a Diode Laser. President of Yellow Birds Corinne Fountain said the decision to purchase the machines came about after they received a wish list from the Chief Medical Administrator. Each year, the Yellow Birds ask the Chief Medical Administrator for a wish listof what is needed at the hospital, said Ms Fountain. This year, through donated funds and money raised through the canteen and gift shop, we were able to raise the funds to pur chase the machines. Present to receive the machines was Senior Assistant Hospital Administrator, Lisa Deveaux, who thanked the Yellow Birds for their efforts and said that the gift would be put to work immediately to save peoples sight. According to Dr Antonio Guerrero, consultant in the Section of Ophthalmology, the two machines will be instrumental in dealing with persons who suffer from diabetes-relat ed eye ailments and persons suffering from cataracts and glaucoma. We are particularly happy to receive these two machines because they are specific to the key areas of eye problems that affect Bahamians, said Dr Guerrero. The YAG laser will help us to get better diagnosis for persons suffering from cataracts and glaucoma whereas the Diode laser will be used on patients who have eye complications as a result of diabetes. The machines were purchased at a cost of $123,000. PMH Eye Centre receives laser machines PICTURED from left to right: Lisa Deveaux, senior assistant, Hospital Administration; members of the Yel low Bird organisation; Dellareese Russell, manager of the Eye Clinic; Corinne Fountain, president of the Yellow Birds and Dr Antonio Guerrero, consultant ophthalmologist. TAKING A LOOK: Dr Guerrero demonstrates how the laser machine will be used. R a y m o n d B e t h e l / B I S P h o t o s

PAGE 5

T HE NASSAU Airport D evelopment Company announced that it will host the fifth Routes Americas forum in February 2012 at the Atlantis Resort on Paradise Island. During a handover ceremony in Santo Domingo on Tuesday, NAD president and CEO Stewart Steeves accepted the baton from Dominican Republic-baseda irport operator Aerodom to host next years forum. The lunch-time ceremony featured an all-Bahamian m enu created and supervised by Cacique Award-winning chef, Don Ingraham. R outes Americas is a part o f several regional events p roduced by UK-based Routes (part of UBM Avia-t ion Ltd). The annual event b rings together more than 200 key players in the airline and airport industry from North, Central, South America and the Caribbean for strategic networking on air service development. R outes regional events i nclude Routes Americas, Routes Asia, Routes Europe, R outes Africa and Routes C IS (Commonwealth of I ndependent States). Mr Steeves said: We are very excited to have the opportunity to host the 2012 Routes Americas and to be able to receive and entertain delegates from around the w orld. Together with our partners, the Bahamas Min istry of Tourism, Atlantis and other tourism stakeholders,w e hope to use next years forum to showcase the B ahamas and the incredible development that is taking place on Nassau and Para dise Island. With Atlantis as the host resort, we expect t o attract a great number of delegates to the destination. Dave Stroud, senior vice p resident of Routes, said: After such a successful 4th Routes Americas, it is with e ager anticipation that we hand the event over to Nass au Airport Development Company and look forward to seeing how they build on t he success of this event for n ext year. The hosts are right in the midst of a massive $409 million redevelopment project which will provide an excellent opportunity to give delegates a first-hand experience of what such a task involves. I am confident that the 5th Routes Americas will leave a big and positivei mpression with delegates. Nassau Airport Development Company is a Bahamian company, owned by the g overnment, and is under a 10-year management agreement with Vancouver Airp ort Services (YVRAS I n April 2007, NAD signed a 30-year agreement with the government to manage,o perate and redevelop the L ynden Pindling International Airport (LPIA In March 2011, the new US Departures Terminal will open as a part of stage one of the airport redevelopment project. L OCAL NEWS P AGE 6, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE gala opening for the new US departures terminal at the Lynden Pindling International Airport is planned for this Friday. The Nassau Airport Development Company (NAD hoping to have most of the US departure terminal restaurant and retail concessions open by this date. Apart from eight restaurants, bars and lounges, the finished US departures terminal will hold 10 retail stores and three mobile retail carts. Among the Bahamian bands scheduled to perform for the official opening will be the band Ting Um Dem. The band is well-known for its high energy, lively renditions of music of the 70s 80s, rake n scrape, soca, light jazz and reggae musical selections. Pictured here from left to right are: Fred Ferguson, lead guitarist; Dion Turnquest, tenor saxophonist; Colin Grant, drummer; Earl Forbes, bass guitarist; Shacara Newton, vocalist; Byron Thompson, keyboardist; Trent Carter, lead vocalist; DAngelo Moss, trum peter; Tino Richardson, alto saxophonist. NAD wins bid to host regional air service development forum ANDREW OBRIAN CEO, Aerodom (left Americas host award to Stewart Steeves, president and CEO, NAD. NEW AIRPOR T TERMIN AL GAL A OPENING THIS FRIDAY S CHEDULED t o perform for the official opening will be the band Ting Um Dem. Shar e your news The T ribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and shar e your stor y

PAGE 6

IN CELEBRATION of Black History Month, US Ambassador Nicole Avant and her husband Ted Sarandos hosted American education reformer and advocate Geoffrey Canada, president and CEO of the Harlem Childrens Zone. Mr Canada shared insights from his work over the lasttwo decades on closing the achievement gap in Harlem, New York with local public and private sector leaders, including representatives from the Lyford Cay Foundation and the Cape Eleuthera Institute. Government officials who participated in the dialogue included Minister of Education Desmond Bannister; Minister of Labour and Social Development Dion Foulkes; Minister of State for Social Development Loretta Butler-Turner; and Perma nent Secretary in the Ministry of Education Elma Garraway, who presented the vote of thanks on behalf of the government, In her remarks, Ambassador Avant emphasised that the goal of US Embassy events such as the dialogue with Mr Canada, is to connect technical experts from the United States with Bahamian leaders to foster future collaborations. In the United States much like the Bahamas schools and communities are grappling with the challengeof ensuring that the next gen eration is prepared for our rapidly changing global environment Geoffrey Canada is an innovative leader who firmly believes that all students have the right to a top education, regardless of where they live, Ambassador Avant said. Geoffrey Canada is nationally recognised for his pioneering work helping children and families in Harlem and for being a leading voice for education reform in America. College As President and CEO of the Harlem Children's Zone (HCZ has dedicated the past 20 years to helping the most impoverished, at-risk youth in America obtain a top education and go on to college. The New York Times Magazine called the HCZ "one of the most ambitious social experiments of our time. Mr Canada was recently profiled in the 2010 film Wait ing for Superman directed by Davis Guggenheim who also directed the climate change documentary An Inconvenient Truth featuring former US Vice President Al Gore. Mr Canada led the launch of the Harlem Children's Zone Project in 1997 by defining a geographic area in Cen tral Harlem and infusing the Zone with a range of comprehensive services targeting students, their peers, and parents. Mr Canada, who grew up in the Bronx and graduated from Harvards School of Education, targeted Central Harlem because it was home to the largest number of children in foster care of any place New York; the worstp erforming schools; the highest incidence of children entering the criminal justice system; and one of the highest rates of children with asthma in the United States. Today, the HCZ covers 100 b locks in Harlem and aims to serve over 10,000 children this y ear. Mr Canadas strategy for reversing years of neglect and low achievement in Central Harlem is focused on the belief that in order to change the lives of inner-city kids,i nterventions must go beyond schools by targeting families, a nd the surrounding neighborhoods. His sense of urgency is based on data from the last two decades that shows a large majority of students in economically depressed areas in the United States do not receive minimal levels of i nstruction while in school and often graduate unpre pared to compete in a flat global environment. Educators need to face the fact that the old model doesnt work. The old model wasnt designed to prepare all students for collegea very small percentage of students were being prepared for college, and everybody else was being prepared for the factories, Mr Canada told the group of Bahamian leaders. Teachers In the Harlem Childrens Zone, teachers are fully responsible for students success. Mr Canada described the HCZ as a no excuses environment. The HCZs charter school, called the Promise Academy, c ommits to doing whatever it takes to ensure that its stu dents enter and succeed in college. To fulfill that promise, stu dents and parents must commit to longer school days and an extended school year. All Promise Academy students have access to quality health care and top performers are rewarded for their achievements. The HCZs ultimate goal is to break the cycle of gen erational poverty by ensuring its students attain rewarding careers and become valuable members of their community. Due to the HCZs data driven environment, researchers including Will Dobbie and Roland G Fryer Jr from Harvard University have been able to track and analyse student outcomes. Their April 2009 study documented the Promise Academys dramatic academic gains; effectively closing the black-white achievement gap in mathematics at the middle school level and in mathematics and English at the elementary school level. Their findings show that a high quality learning envi ronment is an essential com ponent in the Promise Academys success and that community investments alone cannot explain the charter schools results. Both US President Barak Obama and First Lady Michelle Obama have publically recognised Mr Canadas achievements and the HCZs holistic approach. The Obama Administration set aside $10 million in funding to establish "Promise Neighborhoods" to support cradle-to-career services in a diverse set of communities throughout the United States, including major metropolitan areas, small and medium-size cities, rural areas, and one Indian reservation. Using the HCZ as a model, on September 21, 2010, US Secretary of Education Arne Duncan announced that 21 nonprofit organisations and institutions of higher education would receive one-year grants to create plans designed to improve the edu cational achievement and healthy development of chil dren throughout the United States. LOCAL NEWS THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Education reformer shares insights from Harlem Childrens Zone with Bahamian leaders HAVANA Associated Press THEexclusive seller and exporter of Cuban cigars said Monday that sales of the island's coveted smokes rose 2 percent in 2010, rebounding slightly after falling for two straight years amid the global economic crisis. T otal sales were $368 million last year, Habanos SA vice president Javier Terres told reporters, up from $360 million in 2009. "We are moderately satisfied," Terres said on the opening day of the 13th International Cigar Fes tival. It is the first positive growth in two years, but still down significantly from the $402 million record ed in 2007. Sales fell 3 percent and 8 percent, respect ively, in 2008 and 2009. Company officials also say sales have been hurt by increasingly strong anti-smoking ordinances in Spain, the No. 1 market for the premium, hand-rolled Cuban cigars. Most recently, a law enacted Jan. 2 makes it illegal to light up in the European nation's tapas bars, restaurants, discos, casinos, airports and even some outdoor spaces. Nevertheless, Terres said Spain continued to be the top buyer in 2010, followed by France and China, which replaced Germany as the third-biggest importer. In Latin America, the biggest cigar earnings came in Cuba mostly from sales to tourists followed by Brazil and Mexico. Washington's half-century-old trade embargo prohibits Cuban cigars from being sold in the U.S. Terres said officials are expecting revenues to be similar this year. He added that the company is working to develop potential markets in Eastern Europe and the Middle East, and intends to open more "Casas del Habano," or "Cigar Houses," where aficionados can sample the aromatic stogies. There are currently 142 "Casas" around the world. Habanos SA also made its first public acknowledgment Monday of a corruption investigation involving four top executives last year. The probe has long been the subject of rumors, which increased recently after the designation of a new Cuban vice president of the company. Marketing director Ana Lopez said the case is still under investigation and no conclusions have been reached. "We do not believe that this has affected (the company's image). We continue to work with the same effort," Lopez said. Habanos SA, a mixed company comprising British-owned, Madrid-based Altadis and Cuban state-run firm Cubatabaco, sells 27 premium brands including Cohiba and Montecristo. Cuba reports cigar sales up two per cent last year Geoffrey Canada, featured in W aiting for Superman f ilm, s peaks to government officials EDUCATION REFORMER: Geoffrey Canada shared insights from his work.

PAGE 7

L OCAL NEWS P AGE 8, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM explained that the city water supply would come from one of the desalination plants andi s properly treated to meet standards for potable water use, such as drinking or cooking. T he statement read: Residents who may n ot have a water connection or those, whose s upply may be disconnected, are urged to cont act WSCs customer services department for possible assistance. E xcess water and waste exploded from the overworked 20-year-old plant on Friday, bringing increased urgency to scheduled correctivea ctions planned by WSC. M ore than one million gallons of untreated waste were estimated to be overflowing daily as WSC employees worked throughout the weeke nd to cap the spewing valve, unclog waste reservoirs and stem the flow of raw sewage into the community. O fficials explained the spillage was a chronic problem for the waste and water treatment plant at Pigeon Plum Street, as it had become inundated by the load from Pinewood Gardens and Lynden Pindling estates. In yesterdays press statement, the corporation explained that it took emergency steps to r esolve failures and resume operations after the main and secondary disposal wells at the Pinewood Gardens wastewater treatment plant began to experience failures late last year. T he WSCs statement read: In tandem with those emergency measures, WSC comm enced planning for the drilling of a new, d eeper disposal well at this site as both existing wells are over 20 years old. In recent days, the wells failed again and our investigations indi-c ated that more extensive actions were required. Work on the new 600ft deep disposal well is e xpected to commence by early March, with o ther site improvement and security works also to be undertaken. This month, a public analyst from the D epartment of Environmental Health Ser vices (DEHS management of the plant. T he analyst recommended consistent odour t reatment of the area by DEHS; no dumping signs; land elevation and for the valves at the plant to be raised; and a new deep injection well for the expansion and improvement of the facility, which should be enclosed by a concrete wall. The official also advised that thep roperty should be cleaned on a regular basis, to remove solid waste and keep vegetation under control. The corporation assured residents they were w orking closely with the DEHS and other agencies to address their concerns and to prot ect the environment. The statement added: WSC sincerely apologises to the affected residents and pledges our commitment to bringing about a propers olution at the earliest possible date. Last month, the Bahamas Communications and Public Officers Union (BCPOU Bahamas Public Managers Union (BCPMU filed a joint action in the Supreme Court raising a number of issues. Among those issues, the unions questioned the right of the government to sell the assets of the corporation. The unions contend that the government does not have the legal right to sell BTC. In his ruling last week, however, Justice Neville Adderley found that the BCPOU and the BCPMU lacked the legal standing to commence legal action or to claim the remedies set forth in their writ The unions commenced litigation against Batelco, the Bahamas Telecommunications Limited, its Executive Chairman Julian Francis and the Attorney General on January 11 applying for an ex parte injunction to block the sale for 51 per cent of BTC until the determination of the substantive hearing. the back of a truck involved in the accident with a police cruiser, says she, as well as the parents of the other children, do not want the incident to be swept under ther ug. She claims that not only were police at fault but theyalso showed no concern for the injured children following the accident. Police reports state that a round 9.35pm last Friday there was an accident on Gladstone and Fire Trail roads involving a 2009 Crown Victoria license plate number 174052 and a 2001 Daewoo Labos truck license p late number 19804 driven by a 37-year-old man with five people at the rear. The reports further state t hat the Crown Victoria was travelling south on Glads tone Road and the truck n orth on Gladstone Road when the two vehicles collided. Mrs Deleveaux told The Tribune : The police hit the truck. There was an eyewit-n ess who told me that she d idnt hear a siren and that the car just came up beside her and overtook her. The police car knocked the back of the truck right off. They hit the truck from the side. T hey hurried up and cleaned u p the scene. Mrs Deleveaux claimed the officers involved in the crash had left the scene before the EMS personnel arrived to assist the children. They are not going to s weep this under the rug. My child is still laid up in the hospital. His eyes are swollen shut. He hasnt eaten any-t hing since Friday. They dont know if hes going to n eed surgery. One of the b oys cant remember anything, another boy can barely walk and they arent showing any concern for the kids, she said. Police press liaison officer S ergeant Chrislyn Skippings s aid the matter is currently under investigation. The Tribune was also directed to speak to Assistant Commissioner of Police Willard Cunningham who t old T heTribune t hat while h e was not personally aware of the incident, such complaints (involving persons leaving the scene of an accident) should be directed to the police traffic division. l D id you witness this accident? Are you the parent of one of the injured children? If so, contact The Trib une n ewsdesk at 502-2359. However, a source close to Mr Ingraham last night described Mr Christie and the PLP as trying to grab for straws so that they can have another issue. The source said the absence of the nations chief is only being used by the PLP now to try and shift the focus of what actually was accomplished yesterday. Mr Ingraham is the head of state. He is not a public relations man. He sent his deputy there. The PLP is just trying to grab for straws so that they can have another issue. If he was there he would have overshad owed Christie. This is much to do about nothing. Look at what was positive today. This was the launch of an idea whose time has come. That is all, he said. The source added that the groundbreaking of Baha Mar is actually not a good day for the PLP, as it proves once again that Mr Ingraham was able to conclude something that Mr C hristie was unable to do. Christie should have been paying attention today. For the PLP it is always about them trying to steal the limelight. Today was a good day for the country. Instead of them celebrat ing that, they want to cuss Ingraham. Let them talk about the merits of the development. That is what they should be talking about, not the fact that the Prime Minister did not attend, he said. When Baha Mars president of external affairs, Sandy Sands was asked for his impression on the Prime Ministers a bsence, he retorted that the government of the Bahamas was well represented in large numbers at the ceremony. The government of the Bahamas has given its support to this project. The Prime Minister celebrated with us last evening, and we will not enter t ain any more questions on that this evening, he said. However, the Oppositions leader said that there ought to be some explanation from the Prime Minister for his no show at the proceedings especially considering the fact that he attended the privated inner only the night before at the Sheraton hotel. In fact, Mr Christie added that he felt Mr Ingrahams failure to show was designed specifically not to give him or his party the respect they deserved for bringing this pro ject through to where the FNMa re now able to reap the rewards. That is why I thought what I saw last night was going to be put into public print and through the media today because he was acknowledging for this to happen both govern ments must have played a sig nificant role. I actually said to him last night that, you remember when you opened the Reef, which was commissioned by my government as a part of the third phase of Atlantis, he said well Christie you have to face it, sometimes the government that sows isnt the government that r eaps. So you sowed and I am now reaping. Well for me again this is a wonderful example of our having given a life to the vision, negotiated agreements, and the FNM coming in afterwards and bringing it to fruition. And so truly the country benefits fromi t. And I would have thought there would be very little room if any for any politics to be made of this occasion. It is a very special occasion for the country and it is by far the most significant develop ment of its kind in the hemi sphere. And it comes at thet ime when the government would wish the entire world to see the confidence reposed in the country and therefore to herald that, and there is no bet ter person than the countrys CEO, the Prime Minister, to symbolize the countrys appre ciation by his presence, so Ia ssume he has an explanation to make with his time on this matter and we will see, he said. For his part, Mr Christie said he believes the country knows the role he and his government played in the developments of Baha Mar, Albany, and the new terminal at the Lynden Pindling International Airport. Still with this said, Mr Christie added that it would have been fitting for the Prime Minister to be present at yesterdays proceedings to at least say, well done Mr Christie, well done. While there were some naysayers along the way, we never doubted the viability of this unique project, Mr Izmirlian said. Given the compelling positive impact our project will have on the economy of the Bahamas, our national employment picture, and the travel and leisure industry of the entire Western hemisphere, I knew that ultimately we would succeed in launching Baha Mar, against all odds, and the greatest economic turmoil since the Great Depression. Baha Mars perseverance will see the rebirth of the Bahamian Riviera, Mr Izmirlian said, as the resort will reinvigorate the 3,000 ft strip of unspoiled beach that made the Bahamas a lead ing tourism destination when the Nassau Hotel first opened there in 1957. Soon there will be the largest Las Vegas style casino in the Caribbean, a Jack Nicklaus Signature golf course, the largest destination spa in the region, a 20 acre eco-waterpark, a 50,000 square feet retail village, 24 restaurants, lounges, nightclubs, and 200,000 square feet of modern convention facilities on the Riviera, he said. There will be three new hotels operated by Rosewood, Hyatt and Morgans Hotel Group, as well as access from the existing Sheraton and Wyndham hotels to the new mega-resort. Doubts over whether the Bahamas can sup port another major resort in addition to Atlantis were cast aside by Mr Izmirlian yesterday, as he said in a press conference after the groundbreaking ceremony he is confident the Bahamas can fill the 10,000 hotel rooms provided in Nassau and Paradise Island when Baha Mar is complete. I dont think the Bahamas cant handle two projects of this size, he said. There are 150,00 hotel rooms in Orlando, and 150,000 hotel rooms in Las Vegas; you cant tell me that we as a country cant do better than that. Not only will visitors be attracted by the Baha Mar brand, but they will also be facilitated by more airlines expected to operate more flights into the redeveloped Lynden Pindling Interna tional Airport from across the United States, Europe, the Middle East and China. The resort will create thousands of jobs for Bahamians and provide training for those in con struction and the service industry, and Mr Izmirlian called on Bahamians to take advantage of these as he said Baha Mars success depends on their support. Were committed to providing opportunities both during construction and after opening; opportunities to succeed, provide for your fami lies, and have a meaningful career, the Baha Mar CEO said. However we need you and we need your efforts and commitments. Now is the time for Bahamians to make the push to help themselves and their communities. Baha Mar can complete its long journey suc cessfully, but only if Bahamian workers on this journey commit to doing their very best and stick with it. Work began on the first $60 million worth of contracts for Bahamian workers around two weeks ago and Robert Sands, senior vice presi dent of administration and external affairs at Baha Mar, said the first phase of the project will be done almost exclusively by Bahamian workers over the next 12 months. The 8,000 Chinese workers will not be brought in until the second half of next year for a short period, he said. FROM page one BAHA MAR CHAIRMAN FROM page one PLP SAYS THE PMS GROUNDBREAKING ABSENCE IS YET ANOTHER AFFRONT FROM page one UNIONS ARE GIVEN LEAVE TO APPEAL FROM page one T DRINK THE WATER FROM page one Mother hits out at police after crash CRASHSCENE: The remains of the police car after Fridays accident. Photo/ Omar Barr

PAGE 8

THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By MIKE LIGHTBOURN WHATis the primary objective for a purchaser when negotiating the purchase of a home or other property? Would it be fair to say that they want the lowest price possible with the most liberal terms? And what about the sellers of a similar property? Would you agree that the sellers want the highest price possible with the terms most favourable to them? Its pretty easy to see then that the purchasers and the sellers in a real estate transaction each have goals that are diametrically opposed to one another. As a result, they can each become highly anxious, emotional, and especially frustrated by the negotiating process. The solution is to have a buffer zone, or an arena in which negotiations can be carried out in a logical, businesslike and objective manner. This is accomplished by using a reputable BREA real estate company and its agent. Heres why: although a real estate agent may represent either the seller or the purchaser (or sometimes both real estate transaction, all parties need to be treated fairly. Also, not being emotionally involved in the transaction, the BREA agent should become an objective or neutral participant the buffer. However, he is generally understood to represent one party or the other. Thus, both purchasers and sellers will make comments, offers, and counteroffers through him/her. The result can be a highly rewarding purchase and sale for purchasers and sellers. Tip of the week: Work with a BREA agent or broker with whom you feel comfortable and let that person work for you. Dont have anyone in mind? Ask around and get a recommendation from someone who has had a satisfactory transaction with a BREA representative. (Mike Lightbourn is president of Coldwell Banker Lightbourn Realty). REALESTATE:The art of the deal (with apologies to Donald Trump)

PAGE 9

I NTERNATIONAL NEWS P AGE 10, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ATLANTIC MEDICAL INSURANCE CO.LTD. Atlantic House,2nd Terrace & Collins Avenue,P.O.Box SS-5915,Nassau Tel.326-8191 Suite 5,Jasmine Corporate Center,East Sunrise Highway,P.O.Box F-42655,Freeport Tel.351-3960A member of Colonial Group International:Insurance,Health,Pensions,LifeHealth insurance premiums have continued to rise,so we are all more sensitive to the levels of cover and service a health plan provides. Feeling good about choosing Premier Health for your business,is knowing your employees receive more service and cover for your premium dollar.Premier Health delivers state-of-the-art administration and claims support to work for your business too.Less hassle on service,care and price issues means more focus on doing what you and your team do best.Call 326-8191 or visit www.cgigroup.bm Colonial Group International is rated A-(Excellentby AM Best. Premier HealthIt feels good to choose a health plan that takes care of my business,my team and me. Premiums have not been controlled by cutting benefits and coverage for catastrophic illnesses Premium increases have on average been lower than the market rate WASHINGTON Associated Press AN AMERICANjailed in Pakistan for the fatal shooting of two armed men was secretly working for the CIA and scouting a neighborhood when he was arrested, a disclosure likely to further frustrate U.S. government efforts to free the manand strain relations between two countries partnered in a fragile alliance in the war on terror. Raymond Allen Davis, 36, had been working as a CIA security contractor and living in a Lahore safe house, according to former and current U.S. officials, who spoke on condition of anonymity because they weren't authorized to talk publicly about the incident. Davis, a former Special Forces soldier who left the mil itary in 2003, shot the men in what he described as an attempted armed robbery in the eastern city of Lahore as they approached him on a motorcycle. A third Pakistani, a bystander, died when a car rush ing to help Davis struck him.Davis was carrying a Glock handgun, a pocket telescope and papers with different iden tifications. Meanwhile, the Obama administration insisted anew Monday that Davis had diplomatic immunity and must be set free. In a hastily arranged conference call with reporters shortly after details of Davis' employ ment were reported, senior State Department officials repeated the administration's stance that he is an accredited member of the technical and administrative staff of the U.S. Embassy in Islamabad. They said the Pakistani government had been informed of his sta tus in January 2010 and that Pakistan is violating its interna tional obligations by continuing to hold him. The officials would not comment on Davis' employment but said it was irrelevant to the case because Pakistan had not rejected his status. The officials spoke only on grounds of anonymity because of the sensitivity of the situation. The revelation that Davis was an employee of the CIA comes amid a tumultuous dispute over whether he is immune from criminal prosecution under international rules enacted to protect diplomats overseas. New protests in Pakistan erupted after The Guardian newspaper in London decided to publish details about Davis' relationship with the CIA. Immunity T he U.S. had repeatedly asserted that Davis had diplomatic immunity and should have been released immediately. The State Department claimed Davis was "entitled to full criminal immunity in accor dance with the Vienna Convention" and was a member of t he "technical and administra tive staff" at the U.S. Embassy in Islamabad. The Associated Press learned about Davis working for the CIA last month, immediately after the shootings, but withheld publication of the information because it could endang er his life while he was jailed overseas, with at least some pro testers there calling for his exe cution as a spy. The AP had intended to report Davis' CIA employment after he was out of harm's way, but the story was broken Sunday by The Guardian. The CIA a sked The AP and several oth er U.S. media outlets to hold their stories as the U.S. tried to improve Davis' security situation. A U.S. official says Davis is being held at a jail on the outskirts of Lahore where there are serious doubts about whether the Pakistanis can truly protect him. The official says the Pakistanis have expressed similar concerns to the U.S. A senior Pakistani intelligence official said the government had taken measures to ensure the safety of Davis, stepping up security at the facility, removing certain inmates from the prison and sending a contingent of well-trained paramilitaries known as the Rangers. The State Department said the Pakistani government was informed that Davis was a diplomat and entitled to immunity when he was assigned to the U.S. Embassy in Islamabad. "We are very mindful of the difficulty that the government of Pakistan faces with public opinion in this case," depart ment spokesman P.J. Crowley said. "We remain concerned about him and our message to Pakistan remains that he should be released as soon as possible." Davis identified himself as a diplomat to police when he was arrested and "has repeatedly requested immunity" to no avail, Crowley said. The U.S. Embassy said he has a diplomatic passport and a visa valid through June 2012. It also said in a recent statement the U.S. had notified the Pakistani gov ernment of Davis' assignment more than a year ago. However, the senior Pakistani intelligence official says that Davis' visa application contained bogus U.S. contact information. Since Pakistani authorities took the ex-Special Forces soldier into custody Jan. 27, U.S. officials said, the situation has slowly escalated into a crisis, threatening the CIA's ability to wage a dangerous war against al-Qaida and militants. Some members of Congress have threatened to cut off the billions in funding to Pakistan if Davis isn't released. Davis was attached to the CIA's Global Response Staff, which provides security overseas to agency bases and stations, former and current U.S. officials told the AP. In that role, he was assigned to protect CIA personnel. One of their duties includes protecting case officers when they meet with sources. On the day he was cap tured, he was familiarizing himself with the area. "Davis is a protective officer, someone who provides security to U.S. officials in Pakistan," the U.S official said. "Rumors to the contrary are simply wrong." Consultant In a YouTube video of local police interrogating him, Davis says he's a consultant and he'sw ith the "RAO," a reference to the American Regional Affairs Office. Davis also said at one point he was attached to the U.S. Embassy in Islamabad. Working for the agency's GRS comes with risks some times fatal ones. The head of security at the CIA's base inK host, Afghanistan, was killed with six others in December 2009 after a suicide bomber det onated a powerful explosive under his belt. The CIA has a major pres ence in Pakistan, where it runs the drone program in Islamabad and offensive operations against militants, al-Qaida and Pakistan's spy agency, Inter-Services Intelligence. Former and current U.S. officials say the Pakistanis might have been stalling to release Davis so he could be extensively questioned, hoping he could provide more information about CIA activities in the troubled country or possibly even identify other agency officers. The senior Pakistani intelligence official told the AP the two men in the response vehicle that went to aid Davis, killing the bystander, have left the country. The official said the Pakistani government's decision to let them leave was a concession to the U.S. The U.S.-Pakistani partner ship had begun to fray in recent months. In late 2010, a pair of civil lawsuits filed in the U.S. accused Pakistan's spy chief of nurturing terrorists involved in the 2008 Mumbai attacks. Shortly after the lawsuits were filed, the name of the CIA's top spy in Pakistan was publicly dis closed and his life threatened. He was eventually pulled out of the country in December, a month before the scheduled end of his tour. A former CIA officer said militants have also threatened the children of ISI officers. And the CIA in recent years has become increasingly concerned about the safety of its officers in outlying areas like Lahore and Peshawar, a former senior U.S. intelligence source said. But the danger was more pronounced in Lahore, where the CIA learned there might be government elements willing to harm agency officers. Former CIA officials said the agency officers could have been killed in 2009 when terrorists attacked an ISI compound in Lahore. CIA officers regularly met their counterparts at the compound but didn't have a meeting scheduled the day of the attack. Further inflaming tensions, the wife of one of the men Davis shot committed suicide. She had said she feared her hus band's killer would be freed without trial. Military records show Davis, a Virginia native, served a decade in the Army, including five years with the 3rd Special Forces Group in Fort Bragg, N.C., home to the Green Berets. Davis also worked for securi ty contractor Blackwater Worldwide, now known as Xe Services. Davis and his wife run a Las Vegas-registered company called Hyperion Protective Ser vices. The address for its head quarters is a mailbox at a UPS store in a strip mall. The truth about Davis' true employer briefly slipped out after a local television reporter in Colorado called his wife. In a story posted on the web site of Denver's 9News, the wife provided the name and number of a "CIA spokesperson" in Washington, D.C. But the story was quickly taken down, edited and then reposted with new lan guage eliminating any reference to the CIA. Arrested US official is actually CIA contractor IN THIS JAN. 28, 2011 FILE PHOTO Pakistani security officials escort Raymond Allen Davis, centre, to a local court in Lahore, Pakistan. (AP

PAGE 10

INTERNATIONAL NEWS T HE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM CAIRO A ssociated Press DEEP CRACKSopened in Moammar Gadhafi's regime Monday, with Libyang overnment officials at home a nd abroad resigning, air f orce pilots defecting and a major government building ablaze after clashes in the capital of Tripoli. Protestersc alled for another night of defiance against the Arab world's longest-serving leaderd espite a crackdown. At sunset, pro-Gadhafi militia drove around Tripoli w ith loudspeakers and told p eople not to leave their homes, witnesses said, as security forces sought to keept he unrest that swept eastern parts of the country leaving the second-largest city ofB enghazi in protesters' control from overwhelming the capital of 2 million people. State TV said the military had "stormed the hideouts of saboteurs" and urged the public to back security forces.P rotesters called for a new demonstration in Tripoli's central Green Square and in front of Gadhafi's residence. Gadhafi appeared to have lost the support of at least one m ajor tribe, several military u nits and his own diplomats, including the delegation to the United Nations. DeputyU .N. Ambassador Ibrahim Dabbashi accused Gadhafi of committing genocide against his own people in the currentc risis. Warplanes swooped low o ver Tripoli in the evening a nd snipers took up position on roofs, apparently to stop people outside the capitalf rom joining protests, accordi ng to Mohammed AbdulMalek, a London-based oppo sition activist in touch with residents. Communications to the capital appeared to have beenc ut, and residents' mobile phones could not be reached from outside the country. State TV showed video of h undreds of Gadhafi supporters rallying in Green Square, waving palm fronds a nd pictures of the Libyan leader. The first major protests to h it an OPEC country and major supplier to Europe have sent oil prices jumping, and the industry has begun eyeing reserves touched only after Hurricane Katrina in 2005 and the first Gulf War in 1991. Tripoli was largely shut down Monday, with schools, government offices and most stores closed, except for a few bakeries, said residents, who hunkered down in their homes. Armed members of p ro-government organizations called "Revolutionary Committees" hunted for protestersi n Tripoli's old city, said one p rotester named Fathi. Members of the militia occupied the city center and n o one was able to walk in the street, said one resident who lived near Green Squarea nd spoke on condition of a nonymity out of fear of retaliation, describing a "very, very violent" situation. We know that the regime is reaching its end and Libyans are not retreating," t he resident said. "People have a strange determination after all that happened." Protesters Another witness in Tripoli s aid armed men were roaming the streets of the capital's upscale diplomatic neighborh ood and firing heavily. He said they were dressed in uniforms of pro-Gadhafi militia.T hey opened fire on a group o f protesters gathering to organize a march and people in the area were weeping over bodies on the ground. Residents hoped that help would arrive from the other parts of the country. T he eruption of turmoil in the capital after seven days of protests and bloody clashesi n Libya's eastern cities sharply escalated the challenge to Gadhafi. His security forces have unleashed the bloodiest crackdown of any Arab country against the wave of protests sweeping the region, which toppled the leaders of Egypt and Tunisia. At least 233 people have been killed so far, according to New York-based Human Rights Watch. British Prime Minister D avid Cameron, visiting neighboring Egypt, called the Libyan government's crack-d own "appalling." The regime is using the most vicious forms of repression against people who want t o see that country which is one of the most closed and one of the most autocratic m ake progress," he told r eporters in Cairo. The heaviest fighting so far has been in the east. Securityf orces in Benghazi opened fire on Sunday on protesters storming police stations and g overnment buildings. But in several instances, units of the military turned against them and sided with protesters. B y Monday, protesters had claimed control of the city, overrunning its main securityh eadquarters, called the Katiba. Celebrating protesters r aised the flag of the country's old monarchy, toppled in 1969 by a Gadhafi-led mil itary coup, over Benghazi's m ain courthouse and on tanks around the city. "Gadhafi needs one more p ush and he is gone," said Amal Roqaqie, a lawyer at the Benghazi court, sayingp rotesters are "imposing a new reality. ... Tripoli will be our capital. We are imposing a new order and new state, a civil constitutional and with transitional government." Gadhafi's son, Seif al-Islam, went on state TV in the early hours Monday with a sometimes confused speech of nearly 40 minutes, vowing to fight and warning that if protests continue, a civil war will erupt in which Libya's oil wealth "will be burned." "Moammar Gadhafi, our leader, is leading the battle in Tripoli, and we are with him," he said. "The armed forces a re with him. Tens of thousands are heading here to be with him. We will fight until t he last man, the last woman, the last bullet." he said. He also promised "historic" r eforms if protests stop. State TV said Monday he had formed a commission to investigate deaths during the unrest. Protesters ignored the vague gestures. Even as he spoke, the first clashesb etween demonstrators and security forces in the heart of Tripoli were still raging, last-i ng until dawn. Fire raged Monday at the People's Hall, the main buildi ng for government gather ings where the country's equivalent of a parliament holds sessions several times ay ear, the pro-government news website Qureyna said. It also reported the first major sign of discontent in G adhafi's government, say ing Justice Minister Mustafa Abdel-Jalil resigned to protest t he "excessive use of force" against unarmed demonstrators. T here were reports of a mbassadors abroad defect ing. Libya's former ambassador to the Arab League in Cairo, Abdel-Moneim alHouni, who resigned his post Sunday to side with protest e rs, demanded Gadhafi and his commanders and aides be put on trial for "the massk illings in Libya." "Gadhafi's regime is now in the trash of history because he betrayed his nation and hisp eople," al-Houni said in a statement. A Libyan diplomat in China, Hussein el-Sadek el-Mes rati, told Al-Jazeera, "I resigned from representing the government of Mussolini and Hitler." Two Mirage warplanes from the Libyan air force fled a Tripoli air base and landed on the nearby island of Malta, and their pilots two colonels asked for political asylum, Maltese military o fficials said. A protest march Sunday night sparked scenes of mayh em in the heavily secured capital. Protesters had streamed into Green Square,a ll but taking over the plaza and surrounding streets in the area between Tripoli's Ottoman-era old city and its Italian-style downtown. That was when the backlash began, with snipers fir i ng from rooftops and militiamen attacking the crowds, shooting and chasing peopled own side streets, according to witnesses and protesters. Gadhafi supporters in picku p trucks and cars raced through the square, shooting automatic weapons. "They were driving like madmens earching for someone to kill. ... It was total chaos, shooting and shouting," said a 28year-old protester. Casualties The witnesses reported see ing casualties, but the numb er could not be confirmed. The witness named Fathi said he saw at least two heb elieved were dead and many more wounded. After midnight, protesters took over the main Tripoli offices of state-r un satellite stations AlJamahiriya-1 and Al-Shebabiya, a witness said. F ragmentation is a real danger in Libya, a country of deep tribal divisions and a his-t oric rivalry between Tripoli and Benghazi. The system of rule created by Gadhafi the "Jamahiriya," or "rule by masses" is highly decentralized, run by "popular committees" in a complicated hierarchy that effectively means there is no real center of decision-making except Gadhafi, his sons and their top aides. Seif has often been put for ward as the regime's face of reform and is often cited as a likely successor to his father. Seif's younger brother, M utassim, is the national security adviser, with a strong role in the military and secur ity forces. Another brother, Khamis, heads the army's 32nd Brigade, which accord-i ng to U.S. diplomats is the best-trained and bestequipped force in the military. The revolt in Benghazi and other cities in the east illustrated the possibility of the country rumbling. I n Benghazi, cars honked their horns in celebration and protesters in the streets chant-e d "Long live Libya" on Monday, a day after bloody clashes that killed at least 60 p eople. Benghazi's airport was closed, according to an air port official in Cairo. A Turki sh Airlines flight trying to land in Benghazi to evacuate Turkish citizens was turned away Monday, told by ground c ontrol to circle over the air port, then to return to Istan bul. T here were fears of chaos as young men including regime supporters seizedw eapons from the Katiba and o ther captured security build ings. "The youths now have arms and that's worrying," said Iman, a doctor at the main hospital. "We are appealing to the wise men of e very neighborhood to rein in the youths." Youth volunteers directed t raffic and guarded homes and public facilities, said Najla, a lawyer and university lecturer in Benghazi. She ando ther residents said police had disappeared from the streets. After seizing the Katiba, protesters found the bodies of 13 uniformed security offi cers inside who had been handcuffed and shot in the head, then set on fire, said a doctor named Hassan, who asked not to be identified further for fear of reprisals. He said protesters believed the 13 had been executed by fel low security forces for refusing to attack protesters. Gadhafis hold on Libya weakens in protest wave IN THIS SEPT. 1, 2009 FILE PHOTO Libyan leader Moammar Gadhafi gestures with a green cane as he takes his seat behind bulletproof glass for a military parade in Green Square, Tripoli, Libya. Libyan protesters celebrated in the streets of Benghazi on Monday, Feb. 21, 2011 claiming control of the c ountry's second largest city after bloody fighting, and anti-government unrest spread to the capital w ith clashes in Tripoli's main square for the first time. Moammar Gadhafi's son vowed that his father a nd security forces would fight "until the last bullet." (AP MALIC WARSHAFANA a Libyan citizen currently living in Dallas, w aves a Libyan flag as he and nearly 200 others gathered for a rally at Dealey Plaza, Sunday, Feb. 20, 2011, in Dallas. Warshafana, who h elped organize the rally, said they they were rallying in support of a f ree Libya. (AP CAIRO Associated Press EGYPT'Stop prosecutor requested on Monday the freezing of the foreign assets of ousted president Hosni Mubarak and his family, announced state TV. Security officials said that the pros ecutor general asked the Foreign Ministry to contact countries around the world so they can freeze his assets abroad. The president'sdomestic assets were frozen soon after he stepped down, they added. The freeze applies to Mubarak, his wife, his two sons and two daughters-in-law, said the officials, who spoke on condition of anonymity because they weren't authorized to talk to the press. The announcement came as British Prime Minister David Cameron arrived in Cairo to meet with top Egyptian officials, the first trip of a world leader since Mubarak's fall. He said he would talk to those in charge to ensure "this really is a genuine transition" to civilian rule. Egyptian state media on Sunday had quoted Mubarak's legal repre sentative as saying the former presi dent had submitted to authorities a declaration that he had no assets abroad. The former president is believed to currently be residing in his estate at the distant Red Sea resort of Sharm el-Sheikh. Egypt has so far asked for asset freezes of one top businessman and former ruling party official, as well as four former Cabinet ministers and detained them pending investigations. The Mubarak's family's wealth speculation has put it at anywhere from $1 billion to $70 billion has come under growing scrutiny since Mubarak's Feb. 11 ouster opened the floodgates to three decades of pent-up anger at the regime. Watchdog groups allege that under Mubarak, top officials and tycoons were given preferential treatment in land contracts, allowed to buy state industries at a fraction of their value during Egypt's privatiza tion process launched in the early 1990s, and got other perks that enabled them to increase their wealth exponentially. The perks came at a price and the Mubaraks were major beneficiaries, the activists say. Egyptian youth activists meeting with foreign diplomats in Cairo Mon day, also singled out the search for Mubarak's assets as one of the ways other countries could help Egypt fol lowing the three week uprising that transfixed the world. "When Egypt gets back that money, it won't need the foreign aid, and you will be relieved of that burden," said Islam Lutfi, who represent the Muslim Brotherhood on the activist coalition. In a meeting organized to brief the diplomats from the United States, the EU and Australia, on their activities and future plans, the seven activists said they are deeply worried that the military-backed government is not making enough effort to involve them in the consultations over the post-Mubarak era. "The message they kept sending to us is that they are not ready to talk to the coalition," said Ziad al-Oleimi, a member of the coalition which along with young cadres from the Muslim Brotherhood represent five youth organizations and political parties that initially launched the antiMubarak protests. "They only say we should help them to ensure sta bility, but never talk about what the people want." Al-Oleimi, a lawyer, said among urgent demands that the young activists are pressing is to form a broad-based government with no Mubarak's cronies in it, lift emer gency rule, release political prisoners and abolishing laws on political par ties and allow free and fair election. The military council has dissolved parliament, which was stacked with Mubarak loyalists, and suspended the constitution, but has declined to discuss specific actions on how to purge the political system of senior Mubarak loyalists. The activists warned that they will resort to mass protests again if their demands were not met. The meeting took place as senior U.S. and European officials arrived in Egypt to meet with the country's military leaders. U.S. Undersecretary of State for Political Affairs William Burns came Monday for three-day visit that included a speech before the Arab League. "We'll continue to encourage con crete steps to build confidence and to sustain the momentum of the transi tion, ranging from the constitutional amendments that are being considered, through careful preparations for elections, to the further release of political detainees, to the lifting of the Emergency Law," Burns said to the pan-Arab body. The British prime minister met with Defense Minister Hussein Tantawi, Prime Minister Ahmed Shafiq and members of the country's opposition groups. OUSTED Egyptian President Hosni Mubarak. (AP Eg ypt seeking to fr eeze Mubarak's assets

PAGE 11

FREEPORT Hundreds turned out to the first annual International Cultural F estival held at the Internat ional Bazaar on Sunday. T he event was put on by t he International Bazaar T enants and Owners Assoc iation, after the co-ordinat ors, Up With People, ident ified the Bazaar as a perf ect venue to showcase their group's international flair and promote their upcom-i ng show on Thursday, February 24 which will feature 100 cast members from 21 countries. T he group arrived in Grand Bahama on February 19 thanks to Discovery C ruise Lines and the Pelic an Bay Hotel, and are b eing housed through the generosity of many hostf amilies. T he cast members, some in national costume, were dispersed throughout the Bazaar at tables representing their respective countries and gave educational overviews on their country. L ocal ethnic groups were p rovided with tables, and sold exotic dishes from far a nd wide, including drinks, b reads and desserts. There w as food from Haiti, Jamaica, the Bahamas and the Philippines. Children were given Up W ith People passports and encouraged to go to each t able and answer questions in the passport, and have them authorised. Each com p lete passport earned a free ticket for Thursday night's s how, to be held at the Sir Jack Hayward High School g ymnasium. In addition to food and education, the was an i mpressive entertainment line-up. Up With People present ed a few numbers giving a s neak peak of their Thursd ay show, and the crowds also enjoyed the Grand Bahama Youth Choir, theS unland Bell Choir; the Grand Bahama Dance The atre; an all-male dance team from Eight Mile Rockc alled Exclusive, and the Legends Marching Band. The visiting international travel, community servicea nd performing arts group is now busy in the Grand Bahama community from Monday through Wednes d ay, providing assistance at the YMCA, the GB Red Cross, Lewis Yard, the Harv est Foundation, the Keep G B Clean Committee, Urban Renewal, and the International Bazaar. Their visit culminates with t heir big international show on Thursday night at 7 :30pm at Sir Jack Hayward High School. Tickets are only $10 for adults and $5 f or children. Proceeds will go to sponsor two young Bahamians to travel with the Up WithP eople organisation. T he groups visit to Grand Bahama is sponsored by the Pelican Bay Hotela nd Discovery Cruise Lines with support from their ben eficiary, the Grand Bahama Youth Choir and with sup-p ort by the Bahamas Week ly. Up with People is an independent nonprofito rganisation without any religious or political affilia tions. It provides young adults a n international and inter cultural experience that teaches service leadership a nd uses the performing arts t o deliver messages of hope and goodwill throughout the world. L OCAL NEWS P AGE 12, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM worry freegroup pensions sound investment management independent corporate trustee oversight independent corporate custodian diversied investment portfolioall of the above call us today at (242396-4076 A SUBSIDIARY OFCORPORATE CENTRE: EAST BAY & SHIRLEY STREET & EAST BAY STREET I www.famguardbahamas.com Up With People wows the crowd at the first annual International Cultural Festival 100 INTERNATIONAL CAST members of Up With People will be providing three full days of communit y service for various non-profit groups on Grand Bahama before their big show on Thursday. TWO YOUNG Up With People cast members in national cos t ume from Mexico greet the public. U P WITH PEOPLE i n action at the International Bazaar's first annual International Cultural Festival. THE CROWDS enjoy the Grand Bahama Dance Theatre performance. Photo/ The Bahamas Weekly

PAGE 12

SECTIONB business@tribunemedia.net TUESDAY, FEBRUARY 22, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third p arty and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.75 $4.72 $4.69 [Learn more at royaldelity.com] BAHAMASNassau:242.356.9801 Freeport:242.351.3010BARBADOSSt.Michael:246.435.1955 fnf$ !n $r#! !% !!#! &! frrntf! n B y NEIL HARTNELL Tribune Business Editor The Izmirlian family has invested around $500-$600 million of its own money in bringing the $2.6 billion Baha Mar p roject to fruition, it was revealed yesterday, with the $ 800 million in pre-opening costs taking total investment in t he Cable Beach redevelopment to $3.4 billion. Sarkis Izmirlian, Baha Mars chairman and chief executive, said the additional $800 million w as coming in from my family, and represented what they h ad put in up until now, and what we will put in going for w ard. Tribune Business sources subsequently confirmed that, besides the $200 million-plus Familys $500-$600m Baha Mar investment n Izmirlians put millions of own money into $2.6bn Cable Beach project, including covering hotel losses and keeping them open, taking total cost bill to $3.4bn n Says Bahamas extremely lucky to have such a project at this time, as nothing like it anywhere else in world n Dismisses room inventory increase concerns, pointing to Las Vegas/Orlando 150,000 rooms, and adding: You cant tell me as a country we cant do better than that SEE page 5B T i m C l a r k e / T r i b u n e s t a f f T i m C l a r k e / T r i b u n e s t a f f GROUNDBREAKING: Sarkis Izmirlian is pictured second from right. By NEIL HARTNELL T ribune Business Editor Baha Mars chairman yesterday urged the Government to get o ut of business and continue privatising publicly-owned utilities such as the Bahamas Electricity Corporation (BECs uch moves were critical to Bahamian economic growth and the success of his $2.6 billion Cable Beach redevelopment. S peaking after yesterdays groundbreaking ceremony to mark the official start of the Baha Mar project, Sarkis Izmirlian recalled the huge burden his existing Cable Beach Resorts properties the Sheraton Nassau and the Wyndham carried in terms of monthly and per annum electricity costs, something that c ontributed heavily to their unprofitability. I am a believer that governments period, not just the Gov e rnment of the Bahamas, but governments period should not be Baha Mar chief: Govt must get out of business Sarkis Izmirlian urges Ingraham administration to privatise all utilities, including BEC and Water& Sewerage, as critical to Bahamas growth SEE page 5B MEETANDGREET: Sarkis Ismirlian pictured right. By NEIL HARTNELL Tribune Business Editor Baha Mars president has t old Tribune Business that the tortuous seven-year route to yesterdays groundbreaking could be a blessing in disg uise for the project because had its original construction schedule held it would have been opening new hotels to tourists amid the worst reces-s ion in living memory. S peaking exclusively to this newspaper yesterday, Don R obinson said that if Baha Mars construction plans fol-l owing the original Heads of Agreement signing in April 2 005 had held true, the develo per would now be opening its $2.6 billion project in a t ourism market that is still depressed and recovering f rom the recession. Agreeing with Tribune B usiness that the delays caused by the withdrawal of H arrahs Entertainment as the projects equity/casino partner, and subsequent s earch for replacements that alighted on China Export-I mport Bank and China State Construction, may help Baha M ar with both construction costs and opening the new hotels in time to catch an economic upswing, Mr Robinson said: If wed started cons truction when we were think ing about it, we would haveb een starting amid an economic crisis. Well now probably be constructing this in a favourable economic environment, and be opening this in a favourable tourism environm ent. All things happen for a reason, but Id have hated too pen this project in the midst of an economic downturn. M r Robinson told Tribune Business that Baha Mars next step, apart from construction, was to select and Baha Mar holdups blessing in disguise SEE page 4B By NEIL HARTNELL Tribune Business Editor Construction work on the b uildings that will form Baha Mars Commercial Village will start within two weeks, a senior executive said yesterday, with them ajority of the $60 million worth of contracts bid to Bahamian contractors set to be in the ground in the first year. W ith 150 workers already employed on the preliminary stages of the West Bay Street re-routing and new JFK connector corridor, Tom Dunlap, Baha Mars executive vice-president of construction and develop ment, said the $2.6 billion Cable Beach developer had already added two dozen staff to its development team within the first 30 days of work starting. He added that China State Construction, whose C OMMERCIAL VILLAGE START IN TWO WEEK Most of $60m worth of initial contracts to Bahamian contractors in the ground in first year T wo dozen staff already added to Baha Mar development team in first 30 days, with 150 workers employed on road re-routing China State Construction to formally start in May 1, but already submitting drawings to Physical Planning for approval SEE page 4B B y NOELLE NICOLLS Tribune Staff Reporter n nicolls@tribunemedia.net Bahamas Wastes $1 million investment in its biodiesel facility will help the BISX-listed company hedge against o il price inflation, which in years past imposed a $500,000 cost increase on it w ithin six months. $1M FACILITY FREES BAHAMAS W AS TE FR OM PETR OL LORDS Hopes fuel for vehicle fleet will act as hedge against oil-fuelled cost increase that once hit $500k in six months SEE page 3B

PAGE 13

The Nassau Airport Develo pment Company (NAD Lynden Pindling International Airports (LPIA will host the fifth Routes Americas forum in February 2012 at the Atlantis resort on Paradise Island. D uring a luncheon han dover ceremony in Santo Domingo on Tuesday, NAD president and chief executive, Stewart Steeves, accepted the baton from Dominican Republic-based airport oper-a tor, Aerodom, to host next year's forum. The luncheon featured an all-Bahamian menu created and supervised by Cacique Award-winning chef, Don Ingraham. Routes Americas is one of several regional events produced by UK-based Routes (part of UBM Aviation Ltd The annual event brings together more than 200 key players in the airline and airport industry from North, Central, South America and the Caribbean for strategic networking on air service development. Routes region al events include Routes Americas, Routes Asia, Routes Europe, Routes Africa and Routes CIS (Common wealth of Independent States). Mr Steeves said: "We are very excited to have the opportunity to host the 2012 Routes Americas, and to be able to receive and entertain delegates from around the world. Together with our part ners, the Bahamas Ministry of Tourism, Atlantis and other tourism stakeholders, we hope to use next year's forum to showcase the Bahamas and the incredible development that is taking place on Nassau and Paradise Island. With Atlantis as the host resort, we expect to attract a great number of delegates to the destination." Anticipation Dave Stroud, senior vicepresident of Routes, said: "After such a successful fourth Routes Americas, it is with eager anticipation that we hand the event over to Nassau Airport Development Company and look forward to seeing how they build on the success of this event for next year. The hosts are right in the midst of a massive $409 mil lion redevelopment project, which will provide an excellent opportunity to give delegates a first-hand experience of what such a task involves. I am confident that the fifth Routes Americas will leave a big and positive impression with delegates". The Nassau Airport Development Company is a Bahamian company, owned by the Government, and is under a 10-year management agreement with Vancouver Airport Services (YVRAS In April 2007, NAD signed a 30-year agreement with the government to manage, operate and redevelop the Lynden Pindling International Airport (LPIA In March 2011, the new US Departures Terminal will open as a part of stage one of the airport redevelopment project. B y ROYALFIDELITY CAPITAL MARKETS It was a moderate week of trading in the Bahamian stock market. Investors traded in five o ut of the 24 listed securities, with one advancer and no decliners. EQUITY MARKET A total of 74,710 shares changed hands, representing a significant increase of 51,976 shares compared to the previous week's trading volume of 22,734 shares. Commonwealth Bank (CBL leader, trading a volume of 54,000 shares to see its stock c lose unchanged at $6.85. F OCOL Holdings (FCL w as the big advancer, trading a volume of 15,700 shares to its its stock rise $0.52 and close at $6, a new 52-week high. B OND MARKET N o notes traded during the week. COMPANY NEWS Earnings Releases: There were no earnings reports released last week. Dividend Notes: C ommonwealth Bank (CBL dend of $0.06 per share, payable on February 28, 2011, to all ordinary shareh olders of record date February 15, 2011. Famguard Corporation (FAM dend of $0.06 per share, payable on March 2, 2011, to all ordinary shareholders of record date February 23, 2 011. AGM Notice: A ssociated Bahamian Distillers & Brewers (ABDAB h as announced its AGM will b e held at its Registered Office No.16 JFK Drive on February 24, 2011, at 4pm. FOCOL Holdings (FCL has announced its AGM will b e held at the company's c orporate office boardroom i n Freeport on February 24, 2011, at 11.30am. BUSINESS PAGE 2B, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM RoyalFidelity Market Wrap EQUITY MARKET TRADING STATISTICS Week ending 18.02.11 BISX CLOSING WKLY PRICEVOLUME YTDPRICE S YMBOLPRICECHANGE CHANGE A ML$ 1.04$-07.22% BBL$ 0.18$-00.00% BOB$ 4.42$-2,600-9.80%B PF$ 10.63$-00.00% BSL$ 5.01$-00.00% BWL$ 2.70$-00.00% CAB$ 10.21$-0-2.39% CBL$ 6.85$-54,000-2.14% CHL$ 2.40$-4100.00% CIB$ 9.39$-00.00% CWCB$ 2.20$0.12020.22% DHS$ 1.40$-2,000-12.50% FAM$ 5.47$-0-9.88% FBB$ 2.17$-00.00% FCL$ 6.00$0.5215,7009.89% FCLB$ 1.00$-00.00% FIN$ 6.51$-0-9.96% ICD$ 7.40$-00.00% JSJ$ 9.82$-00.00% PRE$ 10.00$-00.00% BOND MARKET TRADING STATISTICS BISX DESCRIPTIONVOLUMEPARVALUE SYMBOL FBB13FBB Series C0$1,000 Notes Due 2013 FBB15FBB Series D0$1,000 Notes Due 2015 FBB17FBB Series A 0$1,000 N otes Due 2017 FBB22FBB Series B0$1,000 Notes Due 2022 INTERNATIONAL MARKETS F OREX Weekly % C urrency Change Rates CAD1.0147 0.11 GBP1.6242 1.45 EUR1.3689 1.03 Commodities Weekly % CommodityChange Crude Oil 103.04 1.67 Gold1,384.00 1.47 INTERNATIONAL STOCK MARKET Indexes Weekly % IndexChange DJIA12,391.250.96 S&P 500 1,343.01 1.04 N ASDAQ 2,833.95 0.87 Nikkei 10,842.80 2.24 INSIGHT For the stories behind the news, read Insight on Mondays NAD to host major for um AWARD: Andrew O'Brian, chief executive of Aerodom (left over the Routes Americas host award to Stewart Steeves, president and chief executive, NAD.

PAGE 14

B y NEIL HARTNELL Tribune Business Editor CHINAS Ambassador to the Bahamas yesterday heralded the $2.6 billion Baha Mar groundbreaking as another milestone in the two countriesr elationship, suggesting it could h erald further investment by Chinese businesses and entrepreneurs in this nation. Speaking at the ceremony to mark the construction start for the project, which is being financed and built, respectively, by two Chinese government-o wned entities, Ambassador Hu Dingxian said overseas investments by Chinese companies increased by 36 per cent yearover-year in 2010, totalling $59 billion in 3,125 projects. I believe, with continued d evelopment of the bilateral relationship, more and more Chinese investors will be comi ng to the Bahamas to seek i nvestment and co-operation, Ambassador Hu told the groundbreaking ceremony. He added that Baha Mar was letting this golden baby be b orn at the right time, in the right place and with the right people. He pledged, though, that Chinese foreign direct investment would not come at a cost to the other country involved, preaching the language of partnership, mutual benefits and a win-win situation for all par ties involved. L i Rougu, chairman and president of the China ExportImport Bank, which is providing Baha Mar with its project financing, described the devel o pment as the most spectacu lar resort in the Western Hemisphere, and said China was poised to help other countries -i ncluding the Bahamas recover from the global recession. We are delighted to see the B ahamas take effective meas ures to restore its economy, and improve the business and i nvestment environment, which are paving the way for the next round of economic growth, Mr Li said. Amazing Vincent Vanderpool-Wallace, m inister of tourism and aviation, said that with the opening o f the redeveloped Lynden Pindling International Airports (LPIA er in the week, together with Baha Mar it would provide thep erfect book ends to an amazing week that he described as significant in the history of the Bahamas. Describing the two as the largest private and public sector investment projects in the Bahamas history, Mr Vanderpool-Wallace said that in BahaM ars case, there were few such projects going on in the US and C aribbean. When people look and see what is happening in the Bahamas, they will know there i s something very special about t he Bahamas when there is nowhere in the hemisphere where something like this is beginning to happen. Thanks very much for putting us so prominently in peoples minds with this outstanding project, Mr Vanderpool-Wallace said. All this, though, is unlikely to ease US concerns previously expressed in a December 2009 diplomatic cable from the American Embassy in Nassau, w hich was obtained and publ ished by whistleblowing webs ite, Wikileaks. T itled Chinese offers golden o pportunities for the Bahamas, and written by Deputy Chief of Mission, Timothy ZunigaBrown, the cable said: The C hinese appear committed to e stablishing a firm financial hold o n projects, such as the Baha Mar, that will have a major impact on the Bahamian economy and leave the GCOB (government) indebted to Chinese interests for years to come. The Government of the Commonwealth of the Bahamas is waiting to determine whether current Chinese behaviour is a result of scepticism over market conditions, or whether China is using this investment solel y to establish a relationship of p atronage with a US trading p artner less than 190 miles from t he United States. A mbassador Hu said yesterday that with the forces of globalisation driving countries together, no country can develo p in isolation. BUSINESS THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The plant converts waste cooking oil supplied by companies such as Bamboo Shack, Burger King, McDonalds, KFC and Wendys to biodiesel, but Bahamas Wastes manufacturer license for biodiesel production enables it to only use the product to pow-e r its own company vehicles and all other mechanical equipment currently using petroleum diesel. It does not permit the company to sell the fuel commercially. Peter Andrews, Bahamas Wastes chairman, said four of the c ompanys vehicles are already using biodiesel, and as production increases they hope to fuel their entire fleet of 45 to 50 vehicles. As the largest private waste management company in the Bahamas, the company currently uses about 150,000 gallons of petroleum diesel annually for all of its mechanical operations. M r Andrews said confidence in the technology was not a factor in the rate of roll-out, adding: We are literally just getting into good production. Biodiesel The plant is currently generating 1,000 gallons of biodiesel fuel per day. It is designed with the capacity to produce one million gall ons per year, which would be more than sufficient to service the c ompany fleet, said Mr Andrews, but the immediate target is to generate about half a million gallons per year. M r Andrews said he was unable to quantify the total cost savings at this time, but was confident the move would give the company a hedge against inflation and free it from the iron grip of petroleum lords. About three years ago there was a major increase in the cost of oil. We were hit with about $500,000 [extra costs] in six months f rom the increase in oil. We couldnt increase our cost (to the consumer at the rate of inflation). If we had any doubts before, that confirmed it for us that we needed to do this, said Mr Andrews. The investment has built Bahamas Waste a fuel tank farm, with storage tanks housing methanol additives and a glycerin byprod u ct, as well as crude biodiesel and other forms of processed fuel. It includes a processing station and a testing lab. F rancisco de Cardenas, Bahamas Wastes managing director, said the company has plans to expand its collection into residential communities in a structured way. He encouraged the public to recycle, and said the company was willing to collect the vegetable waste oil used in any business or private home. A company representative said cars manufactured in the past five to six years were the best candidates for biodiesel conversion.O lder cars, he said, often have problems with the seals in the fuel pumps, because of the high concentration of methanol inside t he biodiesel. He said biodiesel has 93 per cent of the power of the petroleum diesel sold at gas stations. Bahamas Waste is currently using a 50:50 blend of biodiesel and petroleum diesel in their vehicles, but intends to tweak the ratio o ver time towards using 100 per cent biodiesel. $1m facility frees Bahamas Waste from petrol lords F ROM page 1B Baha Mar to pave way for more Chinese investment VINCENT V ANDERPOOL-WALLACE

PAGE 15

in business. The quicker we priv atise critical infrastructure, like BEC, the Water & Sewerage Corporation, the better, Mr Izmirlian said in response to Tribune Business questions. Its up to the Government to find the right partner, but I b elieve that privatisation is critical for the country to grow. D on Robinson, Baha Mar Resorts president, told Tribune Business that the electricity costs facing Baha Mars existing two Cable Beach hotels were some of the highest utility rates that Ive ever experienced. A ny time you have a fixed cost base that is high, it doesnt a llow you the fixed margins you normally make. Impact Outlining the impact on the t wo resorts, Mr Robinson said: The Sheraton is doing very w ell with the exception of some group business, which we wish w as better. The Wyndham is still suf fering. It has good occupancy, but is suffering from very high fixed costs. However, Mr Robinson said the high electricity and utilityc ost base would not necessar ily be a problem for the fournew hotels and casino set to be constructed as part of the $2.6 billion project, adding: Were going to design it a lot more efficiently than this hotel [the Wyndham] has been designed. Green and renewable energy i nitiatives were also key parts of the Baha Mar project, hea dded. Mr Robinson said his biggest fear was that, come 2014, he would need to hire 5,000-6,000 persons to operate the four newly-completed hotels, hence the need for the Baha Mar Service and Training Academy. T his would start with construction workers before focusi ng on training staff for the new casino and hotel brands, so we hit the ground running as we open. Its going to be very much part of the Baha Mar culture, Mr Robinson said. The Baha Mar president earlier said the company would seek to protect guests at the Wyndham and Sheraton from the impact of the construction work, while Robert Sands, the companys senior vice-president of external and government affairs, said it planned to use the construction to help us rather than hurt us by billeting C hinese construction officials at the two properties. M r Izmirlian said that, with Baha Mar being based on New Providence, the direct and indirect impact from its development would be felt throughout t he Bahamas, both in terms of employment and entrepre n eurial spin-offs. Among those who could benefit, he added, w ere small fishermen and large fishing processors. I want to make sure this country prospers, Mr Izmirlian said. BUSINESS THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM &20021:($/ ,1+((0(&2857&20021/$$1'(48,7<%(7:((1 % $+$0$6'(9(/230(17%$1. 3ODLQWLII $1' :,//,$0$,51 'HIHQGDQW $'9(57,6(0(17)(59,&( 2)+(:5,7) 7$.(127,&( WKDW DQ DFWLRQ KDV EHHQ FRPPHQFHGDJDLQVW\RXLQWKH6XSUHPH&RXUW &RPPRQ/DZDQG(TXLW\'LYLVLRQ$FWLRQ RILQZKLFKWKH3ODLQWLI %$+$0$6'(9(/230(17%$1. KDV LVVXHG D :ULWRI6XPPRQVRXWRIWKH6XSUHPH&RXUWRI 7KH%DKDPDVRQWKHWK-XO\FODLPLQJ DJDLQVW\RXWKHVXPRIDULVLQJIURP \RXUGHIDXOWRIWKHORDQJUDQWHGWKH3ODLQWLIWR \RXRQRUDERXWWKHWKGD\RI-XQHLQWKH SULQFLSDODPRXQWRIDQGLQWHUHVWDW $1'7+$ LW KDVEHHQRUGHUHG 7DELWKD&XPEHUEDWFK'HSXW\5HJLVWUDURIWKH 6XSUHPH&RXUWRQWKHWK2FWREHUWKDW VHUYLFHRIWKH:ULWRI6XPPRQVLQWKHVDLGDFWLRQ RQ\RXEHHIIHFWHGE\WKLVDGYHUWLVHPHQW $1')857+(57$.(127,&( WKDW \RXPXVWZLWKLQWZHQW\RQHGD\VIURPWKH SXEOLFDWLRQRIWKLVDGYHUWLVHPHQWLQFOXVLYHRIWKH GD\RIVXFKSXEOLFDWLRQDFNQRZOHGJHVHUYLFH RIWKHVDLG:ULWRI6XPPRQVFRPSOHWLQJ SUHVFULEHGIRUPRI$FNQRZOHGJHPHQWRI6HUYLFH ZKLFKPD\EHREWDLQHGRQUHTXHVWIURPWKH $WWRUQH\VZKRVHQDPHDQGDGGUHVVDSSHDU EHORZRUIURPWKH6XSUHPH&RXUW5HJLVWU\ $QVEDFKHU+RXVHUG)ORRU(DVW6WUHHW1RUWKLQ WKH&LW\RI1DVVDXRWKHUZLVH-XGJPHQWPD\EH HQWHUHGDJDLQVW\RX 'DWHG WKLVWKGD\RI-DQXDU\ *,%621,*%< &+$0%(56 .LDOH[+RXVH 'RZGHVZHOOWUHHW 1DVVDXKH%DKDPDV $WWRUQH\VIRUWKHODLQWLII &20021:($/ ,1+((0(&2857&20021/$$1'(48,7<%(7:((1 %$+$0$6'(9(/230(17%$1. 3ODLQWLII $1' &+5,6723+(5&855< VUXFNLQJf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syndicated loan arranged by Scotiabank to finance the original purchases of the thenRadisson and Wyndham/Nas-s au Beach hotels from the Government and Philip Ruffin respectively, Mr Izmirlian and his Lyford Cay-based family h ad also invested between $500-$600 million of their own money into the Baha Mar project. Apart from the initial hotel a nd land purchases, costs had been incurred in keeping the loss-making Cable Beach Resorts, which declined from t hree to two with the Nassau Beachs closure, open, plus the $150 million renovations carried out to those existing properties. M eanwhile, Mr Izmirlian said the Bahamas was extremely lucky to have an investment such as the $2.6 billion Baha M ar project starting construction amid the worst recession in living memory, stating: There is nothing like this being built anywhere in the world. S peaking after yesterdays long-awaited groundbreaking for the Cable Beach redevelopment, Sarkis Izmirlian, Baha Mars chairman and chief execu tive, said the $2.5 billion in f inancing being provided by the C hina Export-Import Bank, a nd $150 million equity investment from construction partn er, China State Construction, would be large sums at any t ime, but given the global economic circumstances they rep-r esented staggering sums. Responding to questions o ver whether the Bahamas tourism market could sustain the 2,200 net room inventory increase promised by Baha Mar upon completion in late 2014, ins ome 47 months time, a concern voiced by Atlantis owner Kerzner International, Mr Izmirlian said: I dont think the Bahamas cant handle two projects of this size. If you combine all the hotels i n New Providence were 10,000 rooms once weve built out. T heres 150,00 hotel rooms in Orlando, theres 150,000 hotel rooms in Las Vegas. You cant tell me that we as a country cant do better than that. B enefit So Im a big believer in this is good for the destination, its good for the country, and with the combination of our resort and the redevelopment of d owntown, I think between the three legs of the stool, its going t o benefit the whole country. Asserting that the investment by the two Chinese state-owned e ntities represented a vote of c onfidence in both the B ahamas and Baha Mars v ision for Cable Beachs r ebirth, Mr Izmirlian pledged that the $2.6 billion project would produce a world-class resort destination which will be u nrivalled in this hemisphere. H e added: As I stand here before you, the world is watchi ng the Bahamas, and in financ ial centres around the world t he Bahamas and Baha Mar are t he topic of much admiration. This groundbreaking sends the clear message to the world that not only is the Bahamas going to lead the tourism industry out of this recession with the best tourism product in the Caribbean...... Pledging that Baha Mar was leading the birth of a new generation of destination resorts,w hich will compete on the world scale, and which today o nly exists in dreams. The world has never seen what wea re about to create. Listing Baha Mars attribute s, Mr Izmirlian said that apart from the Hyatt, Rosewood andM organs-branded hotels, the project would also feature the l argest and only true Las Vegas-styled casino and casino h otel in the Caribbean, comprising some 100,000 square feet of gaming space. The completed project will incorporate 24 restaurants, nightlife and nightclubs; a 50,000 square foot Village at Baha Mar, containing luxury retail outlets plus Bahamian a rts and crafts; 200,000 square f eet of convention space; three s pas, including the largest dest ination spa in the Caribbean; 2 0-acre eco-water park; and J ack Nicklaus Signature golf c ourse set on 3,0000 feet of b eachfront. We are creating something that most dont think is possible; marrying the excitement and true experience of Las Vegas with the soul, beauty and spirit of the Bahamas, all the while providing unmatched service thanks to our creation, and investment, in the Baha Mar Service and Training Academy, Mr Izmirlian added. A ddressing the Bahamian public, the Baha Mar chairman said the $2.6 billion project could only succeed with their help, and urged them to make the push to help themselves and t heir communities. The construction, hotel, retail and other employment opportunities were there, Mr Izmirlian said, but Bahamian workers had to commit to doing t heir very best and stick with it, attending training programmes, improving skills and providing top-class customer service. Referring to the long, tortuo us road he had travelled in bringing Baha Mar, more than seven years in the making, to fruition lengthy negotiations with two governments, the global recession and Harrahs pull-out, and search for a new partner that took him to China, Mr Izmirlian said: Let it be a lesson to the young men and women of the Bahamas that perseverance pays off...... Together, there is nothing we c ant do but we must all rise to t he occasion. Pledging that Baha Mar repr esented the rebirth of the Bahamian Riviera and would re-establish Cable Beach as the C aribbeans leading tourism d estination, Mr Izmirlian added that the project would make a m ajor difference to economic growth and employment levels. Familys $500-$600m Baha Mar investment F ROM page 1B FROM page 1B Baha Mar chief: Govt must get out of business

PAGE 16

CANDICE CHOI, AP Personal Finance Writer NEW YORK It pays to be rich if you need a credit card. A year after sweeping credit card regulations upended the i ndustry, banks are showering perks and rewards on big spenders with sterling credit scores. And they're socking cust omers with spottier histories with higher interest rates, lower credit limits and new annual fees. In some cases the riskiest c ustomers are being dropped altogether. "When you look at the regulations, it's a net positive for c onsumers," says Peter Garuccio, a spokesman for the American Bankers Association. "But there have been some tradeo ffs." The widening differences between how customers are treated is largely the result of new constraints on card issuers.T he Credit Card Accountability, Responsibility and Disclosure Act, or the CARD Act, was signed into law with great f anfare at a time when borrowers across the country were struggling to make payments. It swept away several practices that for years had grated onc ardholders. A key change is that issuers can no longer hike rates on existing balances or in the first y ear an account is open. The penalty charge for late payments is also capped at $25 per violation. And monthly statements must also clearly spello ut the projected interes costs of making only minimum payments. T he regulations are already transforming the cards on the market. To make up for thed rop in revenue, banks are imposing new annual fees and hiking interest rates but mostly for those with the lowestc redit scores. The best customers are more prized thane ver. Here's how credit card offers a re changing for consumers in three credit brackets: The A-list (excellent credit A clean payment history and a healthy appetite for spendingp ut these customers at the top of the credit pyramid. A nd the courtship of this group is intensifying. Prior tot he recession, 44 percent of all credit card offers were mailed t o this group. Now they receive 64 percent of all mailings, according to market researcher Synovate. The terms are getting sweete r too: n Customers can earn r ewards at five times the standard rate with a premium card b eing tested by Bank of Amer ica. The acceleration applies to select purchases, and the $75 a nnual fee is waived for those who have at least $50,000 with t he bank. n Generous balance transfer options abound. Think 0 percent interest for up to a year on new purchases, and as longa s 18 months on transfers. n Foreign transaction fees a re a source of annoyance for the well-to-do, who travel a broad more often. American Express, Chase and Citi have all announced they're doing away with the fees on select cards marketed to their wealth i est customers. I n other cases, banks are going all out with enhanced perks. With Citi's new ThankY ou Prestige card, customers who book airline tickets get one c omplimentary ticket for a companion each year. Thec ard's annual fee is $500. That underscores another attractive t rait among these customers the willingness to pay handsomely for premium services. This group's propensity to spend is also attractive because i ssuers collect fees of 1 to 2 percent from merchants whenever t heir cardholders make purchases. T he B-list (good to fair credit): The next swath of consumers have solid credit histories, but may have more modest spending habits or make ano ccasional late payment. Many of these customers are seeinga n uptick in offers for rewards cards, but the terms aren't dram atically different. A few rungs down the credit ladder, however, are those with spottier records. These customers make late paymentso ften enough to raise red flags or regularly carry balances close t o their credit limits. They may not be financial disasters, but they're not entirely reliable either. Most of these B-listers still won't have any trouble gett ing approved for a new credit card, but they'll have to agreet o higher interest rates and annual fees, even for plainv anilla cards. Consider the following: n A new $59 annual fee is being imposed on select Bank of America customers. Notice o f the fee was mailed out this m onth to cardholders who fit certain risk profiles, such as carrying a balance close to their credit limit or regularly maki ng late payments. Customers were also targeted if they didn't have any other relationship with the bank, such as a checki ng account or mortgage. n The move by Bank of America isn't unusual. Most credit cards marketed to this group now have annual fees ofa bout $39 to $59. A year ago, the same customers could easily find similar cards with no fees. n T he average interest rate offered to those with merely fair credit scores is 22.57 percent, up from 19.07 percent about a year ago, according toC ardHub.com. The higher prices make sense in light of the new limits on p enalty fees and rate hikes, which make these B-list customers far less profitable. Consumer advocates say knowing the costs upfront isn evertheless an improvement to the bait-and-switch tactics employed before the regula-t ions took effect. In the past, introductory interest rates could quickly escalate and catch card-h olders off guard. The prices are simply more transparent now, says Ruth Susswein of Consumer Action. T he D-List (poor credit the riskiest consumers with ane stablished streak of defaults and late payments, the recess ion isn't the only reason the options have dried up. The CARD Act means banks can no longer freely raise rates or impose fees to managet heir default risk, says Dennis Moroney, a credit card analyst w ith TowerGroup. So when they issue cards, "they have toh ave their ducks in a row from a risk point of view." T here's no doubt the riski est customers have become tox ic in this environment. In 2009 alone, banks wrote off a record $83.27 billion in credit card d ebt. It's no wonder that card issuers have slashed availablec redit overall since 2007 by nearly a third, or $1.5 trillion, a ccording to TowerGroup. With bigger issuers such as Capital One the choices for customers with tarnished credit are pretty much limited to secured credit cards. These cards are intended to help borrowers r ebuild credit, but require deposits and offer small credit l imits. There are often activa tion fees as well. Another telltale sign of the industry's growing reluctance to wade into this market? First Premier, a long-time player in the subprime credit arena, is no l onger offering new unsecured lines of credit. After the CARD A ct took effect, the bank tested a card that charged $75 in firstyear fees for a $300 credit line. It had a 79.9 percent interest rate. Those terms apparently haven't been a success. It's unclear whether First Premier will resume offering unsecured credit cards. If not, consumer advocates say the disappearance of such easy-to-get, high-cost cards wouldn't be such a terrible development for those struggling to dig out of debt. BUSINESS PAGE 6B, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bs Looking for a credit card? It pays to be rich C ARDTIMES : In t his Jan. 18, 2011 file photo, four major credit cards advertise ata restaurant in Millbrae, Calif. year after sweeping credit card r egulations upended the industry, banks are showering perks andr ewards on big spenders with sterling credit scores. ( A P Photo / Paul Sakuma, File)

PAGE 17

BUSINESS THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ROBERT BARR, Associated PressD UBLIN Ireland's next government wants to spread the pain from the nation's bank c ollapse to investors in bank bonds, an ambition that could be popular with hard-pressed taxpayers but disrupt the nation's bailout agreement and worsen Europe's debt crisis. T here has been much talk in the campaign leading up to Friday's national election about "burning" the bondholders and subjecting their i nvestments to sharp discounts, or "haircuts." It recently happened in Denmark, where senior bond holders in Amager-banken stand to lose 40 percent of their stakes. And it already has happened to investors in unsecured bonds of Anglo Irish Bank; they lost 80 percent or 95 percent of their investment. It's a popular idea in Ireland, but there are widespread doubts whetherE nda Kenny leader of the opinion poll-leading Fine Gael party and Ireland's likely next leader can go further. The European Commission is o pposed, and investment ratings agencies have fired warning shots this month by further downgrading Irish bank bonds. I reland's banks borrowed heavily on bond markets and loaned the money to real estate developers during the boom. Now the boom is bust, the real e state loans are not being repaid, leaving the banks crippled. Outgoing P rime Minister Brian Cowen's government decided to have taxpayers backstop the bank's debts, a major factor in forcing the government intos eeking a bailout. "I think it is an obscenity that you would in every instance expect the taxpayer to front up for what's happened i n the banking system," Kenny said o n the campaign trail last week. His party also pledged to try to renegotiate terms of the European Union-International Monetary Fundb ailout that rescued the country from bankruptcy. The details of his aims, though, are more modest. He says he wouldn't i nvest any more money in Anglo Irish B ank, now 93 percent owned by taxpayers, until holders of senior bonds "share that burden." Investors in other banks might be spared. F ine Gael's aim in renegotiating the euro67.5 billion ($92 billion l ine from the European Central Bank and the IMF is to get a more favorable interest rate, not to abandon the deal. The EU's economics commissione r, Olli Rehn, has ruled out any revision of the bailout this year, though he sees room for maneuver in 2012 and beyond. I'm, of course, following the Irish d ebate closely, and I'm aware that in democratic politics we have freedom of speech and freedom of positions," Rehn said earlier this month. H e stressed that the EU's agreement is with the Irish state, not with a political party, "and we expect continuity and respect of the memorand um." P ropping up Anglo Irish Bank has been costly: taxpayers have put up euro34.3 billion, nearly 22 percent of Ireland's GDP and 60 percent of thee uro57.5 billion in public money which is shoring up the banks. Leading party hopes for better deal on bailout PROTEST: Fine Gael leader E nda Kenny walks past a protest by SIPTU union members in Dublin yesterday. A P Photo / Peter Morrison

PAGE 18

P AN PYLAS, AP Business Writer LONDON F ears that Libya is heading toward deepening chaos hit stocks Monday and pushed oil prices sharply higher. W ith reports suggesting that over 200 people have been killed in clashes across the country, which have spread to the capital Tripoli, investors are g etting increasingly worried about the escalating violence in one of Africa's biggest oil producers. T hose concerns were heightened by a statement from Seif al-Islam Gadhafi, the son of Libya's longtime leader Moam-mar Gadhafi. Blaming everyone from drug addicts to the media for the current turmoil afflicting Libya, he warned that civil war was a real possibility a nd that his father would fight until "the last bullet." Unlike Tunisia and Egypt, which have already seen popu-l ar uprisings that deposed longtime leaders, Libya is a member o f producer cartel OPEC and has a direct impact on global oil production. T he country is one of the world's biggest oil producers,a ccounting for around 2 percent of global daily output, and h as the biggest proven oil reserves in Africa. Already three leading oil companies, Italy's ENI, Norway's Statoila nd Britain's BP, have already said they are pulling some employees out of Libya or preparing to do so. Libya is the first major oil exporter to be engulfed by thec risis and the first to see signif icant disruption to oil product ion," said Julian Jessop, chief international economist at Cap ital Economics. Unsurprisingly, the main impact was in the oil markets.B enchmark crude for March delivery was up $4.13, or 4.8p ercent, at $90.13 a barrel in electronic trading on the New York Mercantile Exchange, while Brent crude in London spiked $2.35 a barrel, or 2.3 per-c ent, to $104.84, having earlier struck a two and a half yearh igh above $105. Rising oil prices are a particu lar worry for investors as they reinforce fears over inflation and raw materials costs. They also stoke fears of a big drop in global demand levels, as evi-d enced in previous oil price shocks in 1973-4, 1979 and 2008. G iven that unappetizing backdrop, investors' appetite for risk in other markets fell sharply. When risk appetite is low, investors usually look for s helter in the perceived safe havens of the U.S. dollar and g old at the expense of more risky investments such as s tocks. "Political risk is hanging over a big proportion of the world's oil supplies," said Simon Derrick, an analyst at Bank of New York Mellon. "I can see safe haven buying the natural outcome of all this." In Europe, Germany's DAX index closed down 105 points, or 1.4 percent, at 7,321.81 while t he CAC-40 in Paris fell 59.73 points, or 1.4 percent, to 4,097.41. The FTSE 100 index of leading British shares ended 68.19 points, or 1.1 percent,a t 6,014.80. Markets in the U.S. will be closed Monday for the President's Day holiday. In the currency markets, the e uro fell 0.1 percent to $1.3671, while the dollar was unchanged at 83.17 yen. Among commodities, an ounce of gold spiked over $17 to $1,406. T he unrest in Libya dominated European markets and deflected attention from positive economic data and a heavy d efeat for German Chancellor Angela Merkel's party at a state election. Particularly strong was a survey showing that business con-f idence in Germany, Europe's biggest economy, has risen once again to hit a new two-decadeh igh. The Ifo institute said its confidence index a closelyw atched indicator was up to 111.2 points for February from 1 10.3 in January. It was the ninth consecutive month-onmonth rise. Despite a buoyant German economy, Merkel'sC hristian Democrats lost badly i n Hamburg. Lee Hardman, a currency economist at the Bank of Tokyo Mitsubishi-UFJ said the defeat could prove to be as ignificant development should it set a precedent going for-w ard. The next two upcoming state elections are on March 27, two days before a crucial summit of EU leaders. "Should the CDU party cont inue to lose national support ahead it could damage its abil i ty to deal effectively with the eurozone debt crisis," Hardman s aid. Earlier in Asia, investors also had their first chance to respond to Friday's decision by the monetary authorities in China to increase the amount b anks hold in reserve. The 0.5 percent increase wasa nnounced after Asian markets had closed. BUSINESS PAGE 8B, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.260.97AML Foods Limited1.041.040.000.1230.0408.53.85% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.42Bank of Bahamas4.424.420.000.1530.10028.92.26% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2 .152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.2110.210.001.0500.3109.73.04% 2.842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1)6.856.84-0.015,0000.4880.26014.03.80% 3.651.63Consolidated Water BDRs2.202.200.000.1110.04519.82.05% 2.551.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.995.47Famguard5.475.470.000.3570.24015.34.39% 10.207.23Finco6.516.510.000.2870.00022.70.00% 11.408.77FirstCaribbean Bank9.399.390.000.4940.35019.03.73% 6.003.75Focol (S)6.006.000.000.4520.16013.32.67%1 .001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.405.00ICD Utilities7.407.400.000.0120.240616.73.24% 10.509.82J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 1 00.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield BISX LISTED & TRADED SECURITIES AS OF:7 % Interest 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W W W.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6 .95%20 November 2029M ONDAY, 21 FEBURARY 2011BISX ALL SHARE INDEX: CLOSE 1,481.26 | CHG -0.51 | %CHG -0.03| YTD -18.25 | YTD % -1.22BISX 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 SupermarketsN/AN/A14.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.95272.8300CFAL MSI Preferred Fund2.95270.18%1.61%2.918697 1.58371.5141CFAL Money Market Fund1.58370.61%4.59%1.564030 3.20252.8522Royal Fidelity Bahamas G & I Fund2.7049-0.56%-15.54% 13.638813.0484Royal Fidelity Prime Income Fund13.41640.44%-0.10% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.14651.0000FG Financial Preferred Income Fund1.14655.20%5.20% 1.11851.0000FG Financial Growth Fund1.11854.73%4.73% 1.14911.0000FG Financial Diversified Fund1.14915.35%5.35% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.79504.85%5.45% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6417-1.20%0.50% 10.12669.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.12661.27%1.27% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.45100.72%9.95% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Jan-11BISX Listed Mutual FundsNAV Date 30-Nov-10 31-Dec-10 31-Jan-11CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Nov-10 30-Sep-10 31-Jan-11 11-Feb-11 31-Jan-11MARKET TERMS31-Dec-10 NAV 6MTH 1.475244 2.910084 1.545071 107.570619 105.776543 30-Jun-10 31-Dec-10 30-Nov-10 31-Jan-11 25,$1%5(17)2<,/RI &DYHV3RLQW:HVW%D\6WUHHW31DVVDX %DKDPDV fntfb frr rr rftnn f rf ntfb r rr rftnn tr fbt ADAM SCHRECK, AP Business Writer DUBAI, United Arab Emirates S tandard & Poor's cut the Bahrain government's credit ratings Monday because of concerns that political unrest couldr oil the small island kingdom for some time to come. S tock markets across the Middle East took a further hit, too, even as global oil prices rose sharply, reflecting investors' wariness over antig overnment uprisings that con tinue to flare up from Libya tot he Persian Gulf. "If you talk to investors right n ow, they are trying to figure out (the tic policy, security, economic impact," said Saud Masud, chief executive of SM Advisory Group, a New York-based investment consultancy focused on the region. "So higher risk aversion is a give n." Credit rating agency S&P said it was lowering the Bahrain gov e rnment's long and short-term sovereign ratings by one notch to A/A-2 because of what it called a reappraisal of political risks in the i sland nation. The firm expects demonstrations calling for political reforms to persist despite last week's crackdown by state security forces. Also downgraded to similar levels were the country's central bank and its sovereign wealth fund, Mumtalakat, which owns the money-losing national carrier Gulf Air. Bahrain has tried hard to position itself as an attractive investm ent destination despite being eclipsed by Dubai as the Middle East's financial heart. Even the passport stamps issued to incomi ng visitors declare the kingdom as "Business-friendly Bahrain." Its relatively liberal lifestyle and active nightlife scene also make it a popular destination for visitors from neighboring Saudi Arabia. Formula 1's season-opening Bahrain Grand Prix which was called off Monday due to the unrest is also a major tourist draw. S&P said the outlook for Bahrain's ratings is negative, suggesti ng further downgrades are possible. It plans to reassess its ratings within the next three months. During this time, we expect the course of political events will become clearer, as well as their impact on Bahrain as an offshore financial center and a tourist destination, two important pillars for the economy," S&P credit analyst Mike Noone said. The cost of insuring Bahrain's debt rose further Monday. Financial data provider CMA said the country's five-year credit default swaps pushed past 300 basis points, their highest level since the cri-s is began. Tensions remain high in Bahrain after security forces opened fire on protesters trying to reclaim the landmark Pearl Square last week. At least eight people were killed and hundreds injured in the clashes. Bahrain's rulers have offered talks with opposition groups to try to defuse the showdown, but negotiations have yet to begin. Stocks across much of the Middle East extended their losses Monday, even as benchmark oil prices surged by more than $4 a barrel by evening in the Mideast amid concerns that violent protests in OPEC member Libya could disrupt supplies. Shares on the Dubai Financial Market were among the hardest hit, falling 1.3 percent to close at 1,516 points. Saudi Arabia's main index slipped 0.6 percent to 6,299 points, while Bahrain's index lost 0.4 percent to finish at 1,466 points. Egypt's stock market has remained closed for more than three weeks. (AP Photo INVESTMENTJITTERS: Local residents observe as a tanker passes through the Suez canal in Ismailia, Egypt, in this Thursday, Nov. 20, 2008 file photo. Investors nervous about instability gripping Egypt drove Middle Eastern stocks down sharply Sunday Jan 30 2011 as markets reopened following a weekend of violent protests. The losses, led by a drop of more than 4 percent in the regional business hub Dubai, reflect concerns the unrest that has roiled the Arab world's most populous country and nearby Tunisia could spread, jeopardizing an economic recovery across the region. Libyan clashes hit stocks as oil prices rise sharply (AP Photo/Gregorio Borgia P ROTEST: D emonstrators hold their placards reading: "Glory to our martyrs and shame to their killers", right, "Gadhafi assassin and criminal", center, and top,"Berlusconi you stand still in front of the massacre of the Libyan people" during a protest near the Libyan embassy in Rome, Monday, Feb. 21, 2011. Libyan protesters celebrated in the streets of Benghazi on Mon-d ay, claiming control of the country's second largest city after bloody fighting, and anti-government unrest spread to the capital with clashes in Tripoli's main square for the first time. Moammar Gadhafi's son vowed that his father and security forces would fight "until the last bullet." S&P CUTS BAHRAIN'S CREDIT RATINGS AMID UNREST INTERN A TION AL BUSINESS TAREK EL-TABLAWY, AP Business Writer CAIRO Banks across Egypt threw open their doors Sunday, returning to business after an almost weeklong closure mandated by the central bank because of strikes and labor protests that have hampered efforts to reboot the nation's economy. It marked the second time in three weeks that Egypt's banks have reopened after a state-ordered closure, highlighting the uncertainty that prevails in the country more than a week after mass demonstrations toppled longtime President Hosni Mubarak. An earlier attempt to open the banks and establish a semblance of normalcy during the height of the anti-government protests lasted only a week before the lenders were ordered shut. Reopening the banks is a critical step in returning to business as usual in a country where the sense of hope sparked by Mubarak's ouster is tempered by the frustration that comes with crafting a new political framework while also trying to allow people to move on with their lives. But it is just as crucial for the economy, which already has been badly hit by the 18 days of unrest that ended with the military takeover on Feb. 11. The government has estimated the total losses during the unrest at over 10 billion Egyptian pounds ($1.7 bil lion), with more than half of that linked to the vital tourism sector. Keeping the banks shuttered, aside from impeding daily business for a range of Egyptian companies, had also served to further undercut investor sentiment in the Arab world's most populous nation. Rebuilding that confidence will be one of the military's top priorities, along with ensuring security and stability. "I think we're back to business," said Wael Ziada, head of research at the Cairo-based Mideast investment bank EFG-Hermes. He added that barring any major problems, he did not think the central bank will close lenders again. Banks reopen in Egypt after week closure

PAGE 19

WOMAN THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 9B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM health BODYANDMIND T h e T r i b u n e By JIM ROMANOFF For The Associated Press MODERATIONis a wonderful thing. Not only do health experts say it's the key to making and sticking with healthy eating choices, it also goes a long way to making the healthy foods we choose more pleasurable. Sweeteners are a good example of a place in the American diet where moderation can make a big difference. While the massive amount of highfructose corn syrup consumed by many people isn't a great choice, a more moderate amount of natural sweeteners can be a wonderful complement to a healthy diet. A bit of maple syrup, for example, can create a wonderfully sweet glaze for roasted poultry or root vegeta bles. Likewise, maple sugar (a granulated form of the syrup) can be great in a rub for beef or pork. In this recipe for garlic-maple roasted parsnips, maple syrup creates a deliciously sweet glaze. If parsnips aren't your thing, feel free to substitute carrots, beets or other root vegetables. MAPLE-GARLIC ROASTED PARSNIPS START TO FINISH: 50 minutes (20 minutes active) SERVINGS: 6 to 8 2 pounds parsnips, peeled and cut into 1-inch pieces 4 cloves garlic, chopped 1 1/4 teaspoons salt 3 tablespoons maple syrup, or more to taste 1 tablespoon olive oil 1 teaspoon ground black pepper 2 tablespoons granulated maple sugar Heat the oven to 350 F. Line a rimmed baking sheet with parchment paper. In a large bowl, combine the parsnips, garlic, salt, maple syrup and oil. Toss well to coat, then transfer to the prepared baking sheet, arranging the parsnips in an even layer. Bake for 45 minutes, or until tender and starting to brown. During roasting, stir the parsnips every 15 minutes for even browning. In small bowl, mix together the black pepper and maple sugar. Sprinkle this over the parsnips, then return them to the oven for another 5 minutes. Nutrition information per serving (values are rounded to the nearest whole number): 126 calories; 19 calories from fat (15 per cent of total calories); 2 g fat (0 g saturated; 0 g trans fats); 0 mg cho lesterol; 27 g carbohydrate; 1 g protein; 6g fibre; 312mg sodium. Little sweetener goes a long way in a healthy diet MAPLE -garlic roasted parsnips. Maple syrup creates a deliciously sweet glaze in this recipe. (AP By ALESHA CADET Tribune Features Reporter W I TH more than h alf of the coun trys children estim ated to be overweight, a l ocal pediatrician is calling on Bahamian parents tol ead the fight for a healthy y ounger generation. I n an interview with T ribune Health Dr Jerome Lightbourn said: The par-e nts need to start themselves, it has to be a family effort. There is no way you can tell a child you can't eat this, this is what is happening all the time. The diet for a child that is considered obese should not include fried foods, processed foods, cold c uts, ready-made fruit cups, sweet juices, potato chips and candy, among o ther things. They are all sugars, they need to stay away from those, he said. For breakfast, they should stay away from the cold cereals, the fruit loops, the pops, those are sugars. They should eat oats, some more complex c arbohydrates, they will last in you a lot longer; oats and fruits are better t han juice and cereal. Juice is pure sugar, take it in and it burns, it doesn't last so you're hungry again. A fruit will last a long time, the granola and the whole grain breads and those type of products last a long time, they sustain your blood sugar level, they are c alled low glycemic index foods. The high glycemic index foods which we love in this country are the processed and sugary foods, that's your Pop-Tarts and your sugar Frosted Flakes, Dr Lightbourn said. He continued: In essence to keep w eight off, you must have a very high metabolic rate, a metabolic rate means y ou burn what you eat and if you do not burn, you store it in forms of fat. The two items you store in terms of fat are sugars and fats. The issue with most of our children is that they don't get a good breakfast, they don't eat frequently throughout the day and when they do eat they eat big volume meals, typical of the adults. Many adult Bahamians, he said, eat huge dinners, often skip lunch and in most cases have small breakfast meals, except for on the weekends. What grown-ups should be eating a re four to five small meals throughout the day. So the typical child under the age of two should really have breakfast, lunch, dinner and a snack between each one of those. That is really something we should stick with throughout o ur entire lives, Dr Lightbourn said. We cannot move all day, a child i n a classroom cannot move all day, so as parents, as guardians and health care professionals, it is important that we want to teach them to eat right and teach them to move. Moving means 60 minutes a day, seven days a week, it could be walking or running, of course the more you move, the more you burn. Giving advice on how parents can get their kids into the habit of eating healthy, Dr Lightbourn said: There is no way you can get a child to go into Wendy's or Burger King and tell me t hey cannot have a milkshake or they cannot have French fries, you will lose the battle. The parents are concerned about their child being obese and they are three times as big as their kids. The parents eat what they want when they are out and tell the kids they cann ot eat what they want, it has to be a family approach. M r Lightbourn said he is concerned about the number of morbidly obese children in the Bahamas. We measure obesity by something called the body mass index (BMI those numbers are important. That is based on your height and your weight. We have kids that are 30, 32 BMI and that is very dangerous, it is called morbid obesity. When a person's BMI is 25 or greater, they are considered morbidly obese, said Dr Lightbourn. Morbid obesity implies that your obesity can make you sick, it implies diabetes, hypertension, kidney disease and heart disease. We have those dis eases in 10-year-olds and 15-year-olds. W e as a nation need to do something about this right now, we can't sit ont his, 20 or 30 years down the road we would have a major problem in our a dult population. According to primary health care monthly reports, and the School Health Services annual report for 2004-2005, of 3,066 Bahamian 10-yearo lds screened, 576 were considered overweight a number which is stilla lmost double the world average of 10 per cent. B ut the Bahamas is not alone in with this problem. Our closest neighbour, the United States, has seen child hood obesity rates triple over the past 30 years. According to statistics, almost one in every three children in the US is overw eight, and the numbers are even higher in African American and Hisp anic communities, where nearly 40 per cent of the children are overweight or obese. To tackle the problem and work towards raising a healthier generation, first lady Michelle Obama launched the Lets Move! campaign a year ago this month. The physical and emotional health of an entire generation and the economic health and security of our nation is at stake, Mrs Obama said on the campaigns website. Parents need to start fight against childhood obesity THIS month marks the oneyear anniversary of first lady Michelle Obamas Lets Move! campaign. Mrs Obama had doubts about making a campaign against childhood obesity one of her signature issues. I wondered to myself whether we could really make a difference, because when you take on a problem this big and this complicated, at times it can be a little overwhelming, she said in a recent speech. In this file photo from September 8, 2010, the presidents wife runs a 40-yard sprint as she participates in the Let's Move! campaign and the NFL's Play 60 campaign festivities with area youth, to promote exercise and fight childhood obesity, in New Orleans. (AP

PAGE 20

THERE are several worms (parasites and can be transmitted from pets to your children. I am constantly asked, Doc, I have a five-year-old, can she get worms from my dog? It is very possible for a person to catch intestinal para sites from a dog, and anyone who takes care of young children, in particular, should know the risk factors and what precautions to take. Most intestinal worms are transmitted only via faecal to oral contact (a person has to swallow the worm eggs, which are passed in an animal faeces). Babies and toddlers crawl around on the ground and play in sand boxes, and put their fingers, toys and other objects in their mouths, whether they are dirty or not, so it is possible for them to ingest soil that contains a trace of dog or cat faeces. Roundworms (Toxacara species) are extremely com mon in puppies, kittens and older animals can be infected with them as well. If a child does catch roundworms from an animal, the results can be devastating. Rather than staying in the digestive tract as they do in dogs and cats, roundworm larvae often migrate throughout the human body. They can damage the liver, lungs, eyes or brain, sometimes irreversibly. Hookworms are the excep tion to the faecal-oral rule. Hookworms eggs are found in faeces, but in addition, the hookworm larvae that hatch from those eggs can penetrate the skin of those who come in contact with damp sand or soil. Hookworms are very prevalent in the Bahamas. Children walking barefoot or playing in damp areas are the most likely to become infected this way. Hookworm larvae leave a red, raised, itchy trail when they burrow into the skin. This rash is called cutaneous larva migrans or creeping erup t ions. T here is some good news about worms and kids and pets. The types of worms that children get most commonly are pinworms. Dog and cats dont carry them. Pinworms are spread from person to person, and not from pets to people. To prevent kids from getting worms from pets, one must take the following precautions: Have your veterinarian test and treat your dogs or cats on regular basis (twice a year). Pick up faeces in your yard and dispose of them in the trash. If animals sometimes defecate in your yard, dont let infants play directly on the grass, put them on a blanket or in a playpen. Wash your baby or toddlers hands frequently especially after they play outdoors, after they pet a dog or before they eat and drink. Sometimes dogs and cats use your childrens sandbox as a litter box, keep these boxes covered when your child is not playing in it. With all children, emphasise the importance of washing hands before eating. WOMAN PAGE 10B, TUESDAY, FEBRUARY 22, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM How does stress affect your oral health STRESS is all around us, and it impacts us daily. Anything that poses a challengeto our well-being is a stress. It can be neutral, positive or negative. When stress undermines both our mental and physical health it is negative (bad Bad stress comes from all aspects of our life and has an impact on our bodies andminds. The mouth is no exception and your oral health is adversely affected by bad stress. Mouth sores, including canker sores and cold sores; clenching of teeth and teeth grinding (bruxism hygiene and unhealthy eat ing routines; and periodontal (gum ing of existing periodontal disease are a few of the major effects of stress on the mouth. Mouth sores (a sometimes appear inside the mouth in pairs or even in greater numbers. In addition to the causes being immune system problems; bacteria and viruses; stress as well as fatigue and allergies, can increase the risk of getting them. Canker sores are not contagious. Canker sores usual ly disappear in seven to 10 days spontaneously. Relief from the irritation can be obtained by over-the-counter topical anesthetics. In addition, to reduce irritation, do not eat spicy, hot foods or foods with a high acid con-tent (for example tomatoes or citrus fruits). (b also called fever blisters, are caused by the herpes simplex virus and can appear as a result of bad stress. They are contagious. Cold sores are fluid-filled blisters that often appear on or around the lips, but can also crop up under the nose or around the chin area. It is common for an emotional upset, to trigger an outbreak. Sunburn, skin abrasion and fever can also cause a cold sore outbreak. (c like canker sores, often heal spontaneously in about a week, but treatment is available. Over-the-counter remedies and prescription antivi ral drugs can be obtained. Teeth grinding Stress can often times, make you clench and grind your teeth. It can occur during the day or night, and often subconsciously. Persons, who habitually clench and grind their teeth, will intensify the habit when bad stress impacts them. The habit of grinding and clenching your teeth can lead to problems with the temporomandibular joint (TMJ located in front of the ear where the skull and lower jaw meet. When this occurs,a series of problems can manifest themselves (for example headaches, difficulty chewing and ear aches). Many treatment options exist for bruxism. The healthcare professional, may rec ommend a night guard, worn as you sleep, or another appliance to help you stop or minimise the actions. Poor oral hygiene and unhealthy eating habits When people are under extreme stress, it may affect their mood and cause them to change their oral hygiene habits. In many cases, they floss and brush fewer times in a day and neglect to keep their mouths clean. When you do not take care of your mouth and your teeth, your overall oral health will suffer. If you already have gum disease, brushing and flossing less, will worsen the problem. If your mouth is in relatively good health, falling down on brushing and flossing will lead to gum disease. It will also increase your risk of cavities. It is easy for persons under stress to also develop unhealthy eating habits (for example snacking on large amounts of sugary foods or drinks). These habits will increase the risk for tooth decay and other problems. Reminding yourself of the importance of mouth hygiene and healthy eating may help. Routine exercise can help you relieve stress and feel energised enough, to improve your oral hygiene and cook healthier meals. Exercise will also boost your immune system and that is good for your oral health. Gum Disease Some researchers believe that bad stress can cause an increase in dental plaque, even when the stress levels are short-term. Some believe the risk of gingivitis (bleed ing gums), which can progress to serious gum disease, also increases with exposure to bad stress. Stress sometimes can lead to depression. Recent research, suggests that depressed persons, are two times more likely to have an unfavorable outcome after gum disease treatment, when compared to those who are not depressed. Learning healthy coping strategies can help reduce stress and depression and by extension reduce gum problems. Healthy coping is "problem-focused" with active and practical strategies to deal with the stress and depression, experts say. It is crucial to eat a balanced diet, see your dentist regularly and practice good oral hygiene to help reduce the impact stress has on your mouth. If you are stressed and have noticed any of the symptoms described above, it is crucial you set up a visit to see your health care professional. This article is for informational purposes only. It is not intended and may not be treated as, a substitute for professional medical/dental advice, diagnosis, or treatment. Always seek the advice of a physician or dental professional with any questions you may have regarding a medical/dental condition. Never disregard professional medical/dental advice or delay in seeking it because of a purely informational publication. Dr Andr R Clarke, DDS, MBBS Special care dentistry Children and Worms By ANDRE CLARKE KEEPING YOUR MOUTH ALIVE By DR BASIL SANDS 15 easy ways to fit exercise into your day! EVEN though 85 per cent of Bahamians feel that they should be doing some form of exercise most of us believe that we don't have the time or energy to commit to a regular, rigorous exercise programme. The treadmill and exercise bike you bought last year? It makes an excellent clothes hanger. The gym membership y ou got last year? You cant e ven remember where the gym is? The good news is that you dont necessarily have to go to a gym or jog 10 miles to get a workout. There are a lot of things you can do around the home and at work that can make up a nice fitness regimen until you decide to take it to another level like joining an outdoor fitness club or gym. Most experts recommend that any regimen include at least 20 minutes of continuous exercise three times a week. Here are 15 ways you can get some exercise into your daily routine: 1. PLAY ACTIVELY WITH YOUR CHILDREN (or the neighbours children). Ever wonder why kids sleep so soundly at night? It's because they're so physically active during the day. We're not talking about the video game type of playtime. We mean outdoors play. A lively game of basketball, tossing around a Frisbee or playing hide-and-seek are all activities that will raise your heart rate while you spend quality time with your children. 2. DEVELOP A GREEN THUMB Is there space in your backyard that's just going tow aste? Plant a garden. Gett ing down on your hands and knees to take care of plants is a great workout. In addition, you'll get to eat the products of your labour. Plant the kinds of vegetables, fruits and herbs that you like to eat and include them in your diet. 3. WORKOUT WHILE WATCHING TELEVISION Take advantage of that time in front of the tube to exercise. Try marching or jogging in place during the programme, and get on the floor to do abdominal exercises. If you have exercise equipment at home, put it right in front of the television so that it blocks the view from the couch. That way, you'll have to get on the equipment if you want an unobstructed view. 4. TAKE THE STAIRS Skip the elevator and give your legs a workout. In highrise buildings, get off a couple of floors earlier and take the stairs the rest of the way. 5. DO-IT-YOURSELF CAR WASH Don't pay someone to wash your car when you can do it yourself. Buy some cleaning supplies (sponges, soap, polishing cloth, wax) and get busy, clean the inside and outside of your car. When you're done, you'll have gotten quite a workout. 6. WALK THE DOG If you and the family dog could stand to lose a few pounds, you can both get some much-needed exercise by going out for more walks. Start by going around the block every time the dog needs to go outside. Gradually move up to longer walks. 7. SUPERMARKET AEROBICS At the grocery store, walk up and down all the aisles with your cart before you start shopping. Don't do this on an empty stomach, or you'll be tempted to throw all kinds of goodies into the cart you wouldn't normally buy. 8. HIT THE DANCE FLOOR Take lessons with your mate, or partner up with another single person. Learn a new kind of dance, like salsa or swing, that burns a lot of calories. 9. MOVE WHILE YOU WAIT While youre waiting for doctors' appointments, the car repair shop, anyplace you would typically wait for service, get up, go outside and walk around the area. Just let the receptionist know. Put down those old magazines down and get moving. 10. CRUNCH TIME If most of your time is spent sitting behind a desk, seated abdominal crunches will get your blood flowing and tighten your waistline. Lightly grip the front of the Desk for support. Holding your abdominals in, lift your knees toward your chest. 11. LEAVE YOUR CAR BEHIND Walk, or ride a bike to your destination. Instead of taking the fastest route, choose a roundabout coursea nd take the long way home. 12. TAKE A WALK DURING BREAKS After all, walking is something you do every day, and it is easy for most people of every age and fitness level. If you plan to walk for longer than a few minutes, take off your heels or dress shoes and slip into a pair of soft-soled or athletic shoes. Don't forget to warm up by doing some stretching. Form a walking club with your coworkers and walk during l unch and coffee breaks or b efore and after work. Try to find people at your fitness level so the pace is challenging but not too strenuous. The camaraderie of walking with friends helps pass the time. Before you know it, you'll have walked a mile. 13. CONDUCT CONVERSATIONS IN PERSON Do you call or send e-mail to your colleagues in offices down the hall? Get from behind your desk and pay them a face-to-face visit. 1 4. SHOP AND WALK Look for the furthest parking spot at the mall and park there. Then, walk around the mall a few times window shopping before going to your target destination. Great way to get some exercise in, huh ladies? 15. VACUUM YOUR WAY TO FITNESS Vacuuming is already a pretty good arm workout, but to work your legs, turn up the music and dance as you push the vacuum around (watch out for the cord!). Try doing some front and back leg lunges, which are great for toning the thighs and rear end: F ront lunge P ush the vacuum and step forward and down with one leg, mak ing sure the knee does not extend past the toes. Bend the back leg toward the floor. Back lunge Using the vacuum as support, step back with one leg, bending that knee toward the floor. Make sure the knee of your front leg doesn't go past your toes. If you feel you dont have t he time to exercise try incorp orating one or more of these simple ideas into your daily routine. Once you make fit ness a priority in your life, you will be looking for more ways to get and stay fit. All information contained within this column, is for informational purposes only. It is not intended to diagnose, treat, cure, or prevent any health p roblem nor is it intended to r eplace the advice of a physic ian. Always consult your physician or qualified health professional on any matters regarding your health or on any opinions expressed within this column. All opinions expressed on this site are solely the authors. The author operates Outdoor Fitness Bahamas OFB. Outdoor Fitness Bahamas offers fitness sessions, nutritional counseling and motivational training. Mr Walkine can be reached at 4324026 o 429-9806, e-mail out doorfitnessbahamas@gmail.co m or the website outdoorfit nessbahamas.com. TIP 6. WALK THE DOG By Craig Walkine Sr SHAPE UP

PAGE 21

WOMAN THE TRIBUNE TUESDAY, FEBRUARY 22, 2011, PAGE 11B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By JEFFARAH GIBSON Tribune Features Writer F ROM creating detail-rich s culptures entirely out of sugar, to carving exotic looking desserts from fruit, Chef J asmine Young tackles it all on a daily basis. As the pastry chef at The Cove Atlantis, Jasmine aims to create delicious and visually appealing desserts for the guests. One of the most unique pieces she ever created albeit an inedible one was a Japanese doll made entirely with sugar. From the arms to the legs, and even the clothing, everything was made from sweet crystals, she told You Go Gurl. Now that she is an ace at sugar works, Chef Jasmine wants to master the art of sculpting with chocolate. In her career she has made almost every imaginable dessert and pastry including her signature exotic crme brule, fruit sculptures, over-sized cakes, show-stopping table centrepieces but the thought of making chocolate sculptures excites her. While she is passionate about food carving, her favourite desserts to eat are Italian cus tards, panna cotta and puddings. Her enthusiasm for creating pastries began in her mothers and grandmothers kitchens. And even though her first childhood attempts to make pound cake didnt go quite the way they were supposed to, she was not discour aged. I used to love being in the kitchen with my mother and my grandmother. I used to ask a lot of questions. I could remember one time when I baked this cake and it did not come out the way I wanted it to come out; I forgot to grease the pan and the cake couldnt come out. It tasted really good but it just couldnt come out of the pan, she said. However, it wasnt until getting a job at a Subway restaurant that she really discovered her love for food. When I started working at Subway was when I realised my I love food. I was always competitive with my co-workers in terms of speed and who made the best looking sandwich. I was also good at remembering which customers like certain foods, Chef Jasmine said. As unlikely as it may seem, this job in the sandwich chain inspired her to pursue training in the culinary arts. I applied for the Bahamas Hotel Training Programme, for the apprenticeship programme, and Paradise Island Resort sponsored me. I also had to work some time in different restaurants, the butcher shop, the pastry shop. I also worked at Caf Martinique. I found myself missing making pas-t ries. So whenever I was done working I would go back to the pastry shop and help decorate the pastries, she said. After completing the apprenticeship course, Chef Jasmine set her sights on higher goals. She went on to attend the Johnson and Wales University where she receivedh er Bachelors Degree in Culinary Arts and her Masters in Culinary Education. At the time of the opening of the Royal Towers I was hired to train the cooks. Then I trained the cooks for the opening of The Cove, she said. Today, working at The Cove Atlantis every d ay is a labour of love for her, she said. I love what I do, every day is a like a new day because I can try new things as long as it sticks within the theme of the restaurant. Not neglecting her competitive nature, Chef Jasmine has participated in a number of culinary competitions over the years. She was also part of the Bahamas Culinary Olympics team in 2004. That same year, she won a Cacique Award for her work and was named Chef of the Year. The feeling that I get from competing is something that I cannot explain. It gave me a rush and it was very exciting. The level of skilled among the other chefs was tremendous and I got to meet so much different people, she said. UNDER the theme The Metamorphosis, six curvy, confident women will hit the stage of the Rainforest Theatre this Sunday to compete for the title of Ms Full Figured Bahamas. Pageant organisers who are hosting the event for the fifth year said that contrary to the belief of many, Ms Full Figured Bahamas is not a display of fat, but a display of courage. It is an opportunity to come against the status quo of what beautiful is, and break down barriers that have had many people bound for so long. I would never be nave to think that these are the only barriers that people face, but these are the barriers that I had to face and overcome, and I am using my story, my struggles and triumphs to help someone else, said pageant director and founder Rayette McDon ald. The message that Ms McDonald is aiming to convey is that women should not limit themselves because society has closed some doors in their faces or has set up obstacles for them because they do not meet a certain beauty standard. She said she wants women to understand that the world and everything in it is accessible to them. Is it going to be easy? No. Will you be misunderstood? Yes, you will. Will you accomplish everything that you set out to do? Maybe, not but if you are faced with any of these scenarios and let it be as a result of something other people say about you. Drown out the negativity and reach deep within yourself, find your beauty and build upon that until you become unstoppable, Ms McDonald said. Although the Ms Full Figured Bahamas Organisation is an advo cate for the voluptuous woman, pageant organisers said they are nevertheless concerned about the welfare and health of each contestant that walks through their doors. To this end, a fitness programme has been organised and facilitated by the organisations fitness coach. Each contestant had to complete 40 hours of fitness and nutritional classes before the night of competi tion. Leading up to the big night, the contestants recently held their launch party at the Cultural Art Gallery. The young ladies made their entrance to the applause of enthu siastic fans. Wearing gowns by the Fabulous Plus Boutique they spent the night mixing and mingling with crowd. The Crowning Metamorphosis will take place on Sunday at 7.15pm at the Rainforest Theatre in the Crystal Palace Casino. Organisers said the show promises to be entertaining, with the contestants competing in the poise and presentation, swimsuit, talent, evening gown and question and answer segments. The entertainment line-up includes Bahamian Superstar TRez Hepburn, Juice Unit featuring Kiki, St Augustines College Steppers, Keith Jones, Miss Cultural Bahamas, Miss Talented Teen Bahamas and Emanji Circus. The winner of the pageant will go on to represent the Bahamas in the International Bold and Beautiful Competition. Get ready to experience the metamorphosis Sweet Stuff Jasmine Young MS JULIA Desra Mason, a 30-year-old mother of two and a true junkanooer and Valley girl. MS SLEEPY ORANGE Tamar Roberts is from Abaco and travelled weekly to attend the pageant rehearsals. MS SIERRA SULPHUR Geah Smith, 19, is a College of the Bahamas student and former Miss Talented Teen. MS OLYMPIA MARBLE Khamille Moss, 28, has as her lifes philosophy Love yourself, respect yourself. If you dont then who will? MS MARINE BLUE Delarese Luke, 21, has singing as a hobby. MS CARIBBEAN PEACOCK Tenaj Campbell is a College of the Bahamas student and at age 18 the youngest contestant. SOVEREIGN OF SUGAR: C hef Jasmine is now an ace at sugar works, wants t o master the art of sculpting with chocolate.

PAGE 22

T H E T R I B U N E SECTION B HEAL TH: Body and mind T U E S D A Y F E B R U A R Y 2 2 2 0 1 1 By ALESHA CADET Tribune Features Reporter F ROM forgetting to put the toilet seat down to leaving clothes lying around the house, the habits of men can drive even the most patient wives and girlfriends crazy. Y o u l o v e y o u r m a n b u t y o u w i s h h e wo u ld ch an ge s o me o f h is ba d h ab it s Ma ybe th e fact th at he leaves th e empt y j u i ce b o t t l e i n t h e f r i d g e d i d n o t a n n o y y ou at b egi n ni ng of t h e r el at i on s h ip b u t n ow i t' s ju s t p la in i r r it a ti ng Ma ybe his bo astin g tha t he ca n fix ev eryt hi ng b ecau se he i s a man s eem ed en dea r ing at the start, but after many fa iled home i mp ro vem ent pr o ject s hi s s t ub bo rn nes s t o s e ek pr o fe s s io n al as s is t a nce is j us t ag gr a v a t i n g An d th ere is n o e asy re me dy to th e p robl em; get ti ng men to cha nge t h eir way s ca n b e ve ry c ha ll en gi ng T r i b u n e W o m a n s a t d o w n w i t h a f e w Ba ha mi an wo men an d a s ke d t he m t o l i s t s o me of t he mo s t i r r i ta ti n g ha bi t s of t he ir f o r me r an d cu r r en t p ar t ne r s BAD HA B IT #1 : HIS IN A B ILIT Y T O L IST EN After you have spent almost 30 minutes expressing yourself and explaining your feelings to your man, it turns out everything you just said went in one ear and out the next; he completely zoned out of the conversation. Speaking with Tribune Woman Steffanie Armstrong said: "I hate when we are on the phone and I am deep into the conversation and he is having a conversation with someone else who is around him at the time. I find that so rude. That right there makes me so upset because it's like I am talking in vain or what I have to say doesn't really matter that much to him. Also watching television during those conversations and falling asleep (is annoying)." B A D H ABIT #2: A NN O YIN G H ABIT S AT H OM E Leaving the toilet seat up it's the uni versal complaint of women everywhere. Some say it's not a big deal, but for others it's a constant bone of contention, a small thing that becomes more irritating every time it happens. Many times it's not even about the actual toilet seat, it's about the fact that he refuses to take your requests for small changes in his behaviour seriously. Not cleaning up after himself some men believe once they have a wife/girlfriend they also have a maid. Dael Duncombe told Tribune Woman : "I love my man dearly, but there are some things that absolutely, positively annoy me about him. For instance, thinking he has a maid, he can use something and think he is not obligated to pick up behind himself." B A D H ABIT #3: U S IN G F OUL L A NGU AGE AND OT HER IN APPR OPRIATE BEH A V I OU R Sure, guys will often curse, but there is a time and place for everything. And if using foul language becomes the only way your man knows how to express himself then you have a problem. You may know that he doesn't mean anything by it, but especially when you are in mixed company it can come across as vulgar and cause offence. Cursing around his friends and work buddies is completely different from cursing around you, it's not cool. Ms Duncombe said: "He uses curse words for no particular reason at times, although I tell him to change that, I have noticed that it is definitely a bad habit he has. I don't know, I guess it's a guy thing; I can list a few more, but I'd be talking to you all day." In addition to foul language, women are also often bothered by men's other bodily functions. Fatima Sands* said: I hate when my boyfriend belches and stuff around me. It's so nasty, and he doesn't like to say excuse me', by the way it's those loud ones too." BAD HA B IT #4 : W A T CHING T OO MUCH S POR T S ON TELEVISION His addiction to sports and TV can sometimes make you feel as if you come second in his priorities. He probably liked his sports when you met him, but the hours he dedicates to watching sports can put a strain on your relationship. Speaking with Tribune Woman about the subject, Tanesha Graham* had this to say: "I hate when my boyfriend is so into basketball games that he literally tunes me out; whether we're on the phone with each other or even in each other's presence, sports always seems to come first! He gets overly excited. I also hate when he insists that I learn the game and watch it for the sake of him. I'm not a sports fan and I hate watching men run after a stupid ball." BAD HA B IT #5 : BEC OMING TOO P OSSES SIV E Wanting to spend a lot of time with you is nice and makes you feel all loved. However, if that translates into him making it difficult for you to have some alone time or a night out with your girlfriends then you have a problem on your hands. A little clinginess is sometimes manage able, but it has to have its limits. Tameka Smith said: "What was so annoying was when I decided to spend a couple minutes with my girls who were there way before him and he gets upset, that was a bad habit he had and I hated that cause I need some me time'. He acted like a woman! Sometimes I just wanted to chill and talk, but he wanted to be all over me and I am not into that all the time." Names have been change


University of Florida Home Page
© 2004 - 2011 University of Florida George A. Smathers Libraries.
All rights reserved.

Acceptable Use, Copyright, and Disclaimer Statement
Powered by SobekCM