N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER e want 10,000 for BTC protest V olume: 107 No.92SATURDAY, MARCH 12, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER MOSTLY SUNNY HIGH 80F LOW 67F Union calls f or march on House of Assemb ly The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM TRY OUR D OUBLE McFISH CARSFORSALE, HELPWANTEDAND REALESTATE BAHAMASBIGGEST SEE PAGES 11 and 12 I N S I D E I N S I D E JAPANQUAKEDISASTER B y CELESTE NIXON Tribune Staff Reporter c firstname.lastname@example.org THE Bahamas Electricity Corporation said it was disappointed by the latest industrial action taken by its managers. In a statement issued yesterday, BECs executive said its was "surprised" by the sick out conducted by about 90 per cent of its managerial staff on ThursROADFATALITY: A 35-year-old man died in a traffic accident which left two other victims in hospital yesterday afternoon. The accident occurred at the junction of South Street and West Street. The man who died on the scene received serious injuries to his body. He was dri ving a grey 2000 Honda Accord. The driver and the passenger in a 1999 white Hyundai truck were both take to hospital. Their conditions are unknown. These pictures show the aftermath of the tragic accident and the out pouring of grief. GRIEFAFTER TRAFFIC TRAGEDY T IM CLARKE / TRIBUNE STAFF LOCAL petroleum retailers stopped the sale of diesel at all their locations yesterday. The move forced the government to agree to meet with them on Monday with a view to address their diesel mark-up which, it is claimed, has not been increased for more than 30 years. At a price of $4.54, retailers claim they are only making 19 cents on a gallon of diesel sold. This margin, they said, is unsustainable for their stations, with many now not wanting to even sell the product. One retailer, who spoke to PETROL RETAILERS S TOP DIESEL SALE BEC DISMAY AT INDUSTRIAL ACTION BY MANAGERS SEE page seven n HUNDREDSCONFIRMED DEAD n MASSIVETSUNAMISSTRIKE CABLE and Wireless Communications (CWC pleased the Utilities Regulation and Competition Authority (URCA the Bahamas Telecommunications Company (BTC imposing conditions. Earlier this week, URCA approved the deal on the grounds it would not lessen competition in any of the services the stateowned incumbent currently offers. We are extremely pleased that URCA has approved the transaction. We are hopeful that the other approvals required will also be forthcoming and we are very excited about work ing with the BTC team and the Government to improve telecom services for all the people of the Bahamas, said Geoff Houston, who is leading the CWC transition team. The company said it was pleased URCA cleared the pro posed transaction for a majority shareholding in BTC without referring it on to a second stage process nor seeking to impose conditions on the approval. The industry regulator rejected concerns that CWC would use the extended three-year cellular monopoly to "impede the growth of competition" in other markets. Pointing out that its powers under the Communications Act CWC pleased with URCA approval of the BTC deal DAYLIGHT Savings Time begins on Sunday at 2am when clocks are turned ahead by one hour, ideally at bedtime on the Saturday night before. Any time pieces and timekeeping devices that do not automatically adjust should be man ually adjusted. The return to Standard Time begins at 2am on Sun day, November 6, at 2am when clocks are turned back by one hour, ideally at bed time on the Saturday night before. DAYLIGHT SAVINGS TIME 2011 PRIME Minister Hubert Ingraham expressed his condo lences to the people of Japan on behalf of the Bahamas after a devestating earthquake and tsunami struck the AsianPacific state. The Bahamas joins with citizens around the world in express ing profound sorrow at the terrible loss of life and the human tragedy resulting from the catastrophic earthquake and horrific tsunami impacting Japan, said Prime Minister Ingraham. I have no doubt the thoughts and prayers of all Bahamians are with the victims and their families as they endure the pain of the dreadful natural disaster, he said. This past January, the Bahamas conclud ed a Tax Information Exchange Agreement with Japan. At that time, the Prime Minister met with the Japan PM EXPRESSES SORROW OVER JAPAN EARTHQUAKE HORROR B y TANEKA THOMPSON Tribune Staff Reporter email@example.com P ROTESTERS against the sale of BTC to Cable & Wireless Communications plan to m arch on Parliament 10,000 strong when the House of Assembly reconvenes tod ebate the controversial deal. D espite the approval from industry regulator the Utilities Regulation & Competi t ion Authority's (URCA over the sale, union leaders and other privatisation detractors say they will not give up t heir cause until the deal is done. The final step in the acquis ition process is a debate and vote in Parliament scheduled for March 21. "We will continue to fight and protest on all fronts until a receipt is generated by the Treasury to say they have received payment (from CWC)," said Bernard Evans, head of one of the unions rep resenting workers at BTC. "We are asking for every working Bahamian to come out." Workers' Party Leader Rodney Moncur called for 10,000 demonstrators to flood Bay Street. He hopes more than half of this number will be supporters of the opposi tion Progres sive Liberal P arty. "We are trying to see if we can o rganise 10,000 citi zens to m arch. I have dispatched a letter to the l eader of the PLP asking that the PLP demonstrate that they are sincere by coming up with 6,000 supporters to join the march. "Sir Lynden Oscar Pindling once said demonstration was necessary for change. If we a re successful in bringing 10,000 to Bay Street, government will rescind or they will be forced out of power." Should the sale be passed through Parliament, the political hopeful wants a Commis sion of Inquiry to probe the details. For months, the Bahamas Communications and Public Officers Union, led by Mr Evans, and the Bahamas Communications and Public Managers Union have accused former CWC employees of infiltrating BTC and URCA. He referred to the SEE page seven T i m C l a r k e / T r i b u n e s t a f f SEE page seven SEE page seven SEE page seven PRIME MINISTER Hubert Ingraham R ODNEY MONCUR
BY DENISE MAYCOCK T ribune Freeport Reporter firstname.lastname@example.org FREEPORT PLP Leader Perry Christie said the policies of the Ingraham administration have caused a lot of concern for investors and have negatively impacted the country. M r Christie was referring to the position taken by Mr Ingraham not to renew Hannes Babaks work permit and the stop, review and cancel policy regarding several major investment projects approved under the former PLP government. A PLP government would not personalize government policy in the way that the current Prime Minister does, he said while on Grand Bahama recently. And clearly, he extends his personality into these issues and the country takes second place i n terms of what should be a correct policy approach to it. While attending a press conference at PLP Headquarters on Monday, former newspaper editor Oswald Brown asked Mr Christie his opinion regarding Mr Ingrahams denial to renew the work permit of Mr Babak, the former chairman of the Grand Bahama Port Authority, despite the many projects Babak had on the drawing board for Freeport and his vast contacts in Europe. Pointing out that it was Mr Babak who was responsible for b ringing Ross University to Freeport, Mr Brown said that Mr Ingraham has not given his reasons to the country for refusing to renew Babaks work permit. He never gave this country a reason why he took that (positionMr Babak number of projects on the drawing board earmarked for Grand Bahama and still Mr Ingraham refused to grant him a work permit, Mr Brown said. In response, Mr Christie said: We have a policy of granting work permits, there are strict criteria in granting permits and if someone conforms and complies and meets standards and requirements, then obviously, if that person, in the opinion of central government, is good for the country there ought to be no reason whatsoever for the refusal of the permit. Obviously, the business people of the community will have their views listened to, but at the end of the day a government has responsibility to make decisions that are manifestly in the best interest of the economy of the country, the well being of the people of the country, and it is something we would not broadcast in anyway. The other consideration I want to put on the table is when LOCAL NEWS T HE TRIBUNE SATURDAY, MARCH 12, 2011, PAGE 3 n BY DENISE MAYCOCK Tribune Freeport Reporter email@example.com FREEPORT Minister of Education Desmond Bannister said an experimental school will be opened in September to determine the kindsof changes that are needed in t he Bahamas public educat ion system. It will give us an opportun ity to see what works in the Bahamas, how it works and w hat are the ways we change education over the years to come based on data and scientific inquiry, he said. Despite recent comments to the contrary by an execu-tive at a major industrial company in Freeport, Minister B annister said he believes t hat Bahamian children can c ompete with children anyw here in the world. Our children coming out of schools are competitive with young people anywhere in the world. When you look at the BGCSE results last y ear, our children are highly c ompetitive and they can go off to universities, he said. L ast month at the Grand Bahama Business Outlook, Polymers International executive Greg Ebelhar spoke ofthe effect of Bahamianisation on education and the e xisting barriers to free trade. He said: Bahamianisation has insulated the Bahamian w orker from the real world for too long. Bahamian athletes have competed against the world with stellar results. Why, then, do we think that t he Bahamian worker needs p rotection? Why do we not a spire to making the Bahamian worker the best in the world? Mr Ebelhar further explained that pre-employ ment screening tests at his company in basic math and reading comprehensions howed a steady and unacc eptable decline in abilities. H e stated that while many talented Bahamians are a fforded quality education, few return home, and many who are left behind are without the basic tools to be s uccessful in life. M r Ebelhar said: The Bahamas cannot continue w ith the current level of educ ation and compete against the world, or even in the C aribbean. When coupled with Bahamianisation, com-p anies that must compete in t he world market are being asked to compete with one arm tied behind their back mostly at the general labour l evel. Basic math and com p uter skills are required by mechanics, electrical technic ians, factory workers and so on. He added: The key is to changing behaviour and attitudes. Instead of, I should have this job because I am Bahamia n', would it not be more empowering to be able to say, 'I am the best at this job and I earned it?. V isiting Grand Bahama this week, Minister Bannister said the Government is developing more technical education programmes in the public high schools. The ability of Bahamians t o do any job, I believe in, in a n unqualified way. Now, where you have to provide s pecialised training for jobs we have to be able to provide that type of training. We are developing the Inspire Programme to e nsure that our high school education in the public s chools has an element of t echnical education that we did not have previously, and w e are looking to continue to develop that, he said. But I dont see young peop le coming out of schools anywhere else in the world who have any qualifications that Bahamian children dont h ave. And I would like any b ody who can tell me otherwise, to show me otherwise. We are developing more avenues with respect to technical education, even at BTVI there are more opportunities now, and you will see more o f them in Grand Bahama. And when someone m akes an allegation like that I would like to know the entire background to what they are saying because we certainlyw ant to be able to understand what they are getting at, Mr Bannister said. Experimental school to open in September, says Minister INGRAHAM GOVT ACCUSED OF CAUSING INVESTOR CONCERN O PPORTUNITY: E ducationMinister Desmond Bannister SEE page seven
EDITOR, The Tribune. Keeping your neighbourhood surroundings clean is a d uty of all citizens and memb ers of a community. The government does not h ave the sole responsibility t o keep it clean or are at f ault for how dirty it got, the government did not dispose unwanted possessions and garbage on the roads and empty lots, we did it But what the Government is responsible for, is allowing citizens to get away with acts l ike this and they should p enalize those citizens who l itter this beautiful island that has been in high stand ard in the world. I would love to see a law like this in addition to the seatbelt law. My family and I live in the Vista Marina Subdivision in the westerns ide of the island of New Providence. For almost a year we have been trying to get some derelict vehicles that have been dumped by one of ourn eighbours in a vacant lot across our home. We are fortunate to have a spectacular view of the sea but obstructed by the view of these vehicles that takes away the beauty of our com munity or the simple act of wanting to relax and enjoy the view. I am a foreigner living in this country for the past 14 years, my kids are Bahami ans and I love this country and take pride for living here and it is true that Its better in The Bahamas. Why is it that some Bahami ans cannot feel that pride?M ake an effort this year and r ethink and do something good for your country, it takes a little to get a long way. P ATRICIA M FOUNTAIN A proud Killarney Resident Nassau, M arch 5, 2011. E DITORIAL/LETTERS TO THE EDITOR P AGE 4, SATURDAY, MARCH 12, 2011 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. 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 T ELEPHONES Switchboard (News, Circulation and Advertising) 322-1986 Advertising Manager (242 Circulation Department (242 W EBSITE w ww.tribune242.com updated daily at 2pm LONDON For the world's media soon to descend on London for the royal wedding, fairytale endings don't come cheap. Already faced with declining revenues and stretched resources, media organizations have been hit by a bevy of expensive large-scale news events the Gulf oil spill, the Chilean miner disaster, Australian floods and the chaos gripping the Middle East. Now comes the mega-story of Prince William's wedding to Kate Middleton. "It's a major event and that takes resources and people," said Jeffrey Schneider, senior vice president at ABC News. He refused to say what the network was spending but said costs would entail live coverage of the April 29 wedding and paying for correspondents and anchors on the scene. The media's bill will also include highly paid royal commentators, purpose-built studios, extra bandwidth, platforms for pho tographers and cameramen, transcontinental flights, and hotels in one of the most expensive cities in the world. Some networks are hoping to shave some expenses but most say it's just a hit they willhave to absorb one that could very well yield lucrative returns. The good-news appeal and the couple's uber celebrity-royal status have created a stir on the Internet and social networking sites, offering a chance for news organizations to increase audiences and advertisement revenue. Most organizations are betting that the appetite for the wedding will eclipse Prince Charles and Diana's wedding in 1981, when there was no Facebook, Twitter and far fewer online outlets. MSN UK's editor-in-chief Matt Ball said advertisers started calling to reserve space on the website for April 29 "within a nanosecond" of the wedding date being announced. Yahoo has created a special micro site ded icated to the royal wedding countdown. Bob Satchwell, executive director of Britain's Society of Editors, said the event will be big for both British and global news organizations alike. "They wouldn't be here if they didn't think they could sell news papers or gain viewers," Satchwell said. Not everyone agrees the royal wedding merits a freespending approach. CBS's newly-installed president David Rhodes recently told a company town-hall meeting that after seeing figures committed for coverage of major events, he has asked for less spending on the wedding so more can be spent on harder stories. As examples, he cited the ouster of Egypt's Hosni Mubarak and the shooting of U.S. Congress Representative Gabrielle Giffords in Arizona, according to a person at the meeting, who declined to be identified due to company policy. Most news organizations declined to share their budgets for the royal wedding some because details have not been finalized and others for not wanting to appear overly spendthrift. "No one will tell you what it costs," said Christopher Wyld, director of London's Foreign Press Association. "It will be costing them tons in terms of airfare, hotels and the like ... They feel it looks very bad." In Canada, a commonwealth nation that still retains Queen Elizabeth II as its monarch, CTV is "treating it like an Olympics," said Susanne Boyce, president of creative, content and channels. That meansa full crew not to mention the costs of a scouting team around a month ahead of the event. Royal commentators such as Katie Nicholl, Ingrid Seward and Andrew Mor ton are also in high demand. Many organizations have even inked lucrative contracts with royal insiders for use of their expertise and accents. Most experts have been locked into deals months in advance. Boyce said finding a balance between hard news and a royal, celebrity-type event is a daily part of newsmaking. "People want some good news as well," Boyce pointed out. "There's darkness, light, that's life." NBC will also be sending "an army of people" to London. "It will be hundreds," according to a person familiar with the plan ning who asked not to be named because she wasn't authorized to speak to reporters. The impact of the influx of journalists expected in London is more pronounced because news organizations are attempting to compensate for diminished numbers in foreign bureaux or for the fact that many bureaux have been closed altogether. Most newspapers have dramatically slimmed their international staffs to cut costs, relying on wire services to fill the gap. But the wedding has so much appeal that organizations with cash will invest despite financial pressures. "It's a story that we would not consider scaling back on," said Dennis Moore, USA Today's entertainment team leader. (This article was written by Cassandra Vinograd of the Associated Press). Govt should penalise those who spoil this lovely island LETTERS l firstname.lastname@example.org Royal wedding costs bite media EYESORE: Derelict cars in Vista Mista. EDITOR, The Tribune How long before the police and prison bus convoy kill somebody careening reck lessly up Eastern Road running everybody off the road. Who decided this was a good idea? Earlier this week, I was hard up against a rock wall and that Partridge Family bus led by a blur of lights that I assume was a police car, missed me and my three kids by mere inches. I'm telling you, one more inch would have killed my whole family. I could just grip the wheel and wait for the crash knowing that my two-year-old on that side was going to be killed instantly. I don't know yet how they missed us. There could be no reason or excuse or explanation for recklessly endangering the innocent lives of residents like that so whatever the reason, it won't be good enough for me. They need to think of another solution for the prisoners. Deliver lunch to the courts or change the time the prison feeds their inmates or simply drive the speed limit without running everybody off the road. But to endanger the lives of innocent cit izens just so prisoners can get back for dinner is simply asinine. Somebody will be killed. Please STOP this nonsense before it's too late. PETER DUPUCH Nassau, March 10, 2010 Reckless driving by the police and prison bus has to stop
By DENISE MAYCOCK Tribune Freeport Reporter email@example.com POLICE investigations are continuing into two separate murders that occurred on Grand Bahama early this week. Asst Supt Loretta Mackey said police have officially released the identity of the man who was shot to death on Mon day at Garden Villas as 42-yearold Patrick Russell of Lewis Yard. Russells death is the second homicide for the year on Grand Bahama. Police received reports of gunshots in the Wed dell Avenue area sometime around 11.45pm on Monday. When officers arrived at the scene, they discovered a goldcoloured Nissan Maxima riddled with bullets. Russell wasf ound slumped over the drivers seat. A ccording to reports, Russell was sitting in his car when occupants in another vehicle pulled up and opened fire on him. Grand Bahama Police are also investigating the murder of Tamaro Johnson who was stabbed at a local nightclub in F reeport, early Sunday morn ing. Johnson, a resident of Weddell Avenue, was taken to hospital. He died in the ICU on Monday. His death is classified as the island's first homicide for the year. A nyone with information concerning these murders is a sked to contact the police. LOCAL NEWS T HE TRIBUNE SATURDAY, MARCH 12, 2011, PAGE 5 "I is vex when I hears that illegal squatters in the illegal 'shanty towns' are Bahamians. It does not matter what nationality you is, what is the point is that it is illegal to literally 'squat' and do your thing on land you do not own! "The fact that the law cannot always check up on you does not make it right. The laws of our beautiful sovereign Bahamaland nation which our forefathers toiled, suffered and elected to govern come first. Failure to follow our laws and regulations established for good reason usually carries a heavy toll when not obeyed, not only on the victims but on all of our nation. Helping da Sufferin' "I am sick and tired of these pontificating politicians who use every opportunity, tragedy and controversy as a soap box platform for their political ambitions. It seems every day some of them switch up they mouth, just to go along with what they think is the popular public opinion, doing and saying what they can to get couple more votes next election. "And the lambs, sheep and fools that hang onto the words of these hot air balloons should look around their respective constituencies, government schools and public hospital to see what 'my MP' and their party do for them. Them boys ain' on the blocks because of the recession or the prime minister, they there because our social fabric has eroded since the drug era when all Bahamians wanted was a key of coke and fast money. Children raised themselves in the ghetto while flashy politicians, police and businessmen got fat and rich. Now we all want to cry and bemoan unemployment and low education. Stop depending on 'guvment' to fix what they can't and won't fix, yuk ya child off the blocks and teach them sense and morals. Eyes wide open "I am vex because there are too few preachers preaching the old fashioned 'fire and brimstone' sermons where the pastor was never afraid to tell it as it is and direct the wicked and evil straight to the fiery pits of hell and eternal damnation. Today it seems cat gat dey tongue and they have become weak in the knees due to their lavish living, distracted, and stopped the moral upbringing of the nation while all hell breaking loose. Christian "I am vex now that I reads that some criminals already found guilty are getting rid of their ankle monitoring bracelets to roam free on the streets again so I would recommend that whomsoever recommends these criminals should also be punished for their bad decision and subjecting the victim and public to be faced with the 'freed' criminal again. Same goes for persons who skip bail. Someone has to be responsible, don't they?" Baffled "I so vex 'cause all I am seeing an' hearing is cheap phone rates, cheap phone sales, texting, long distance connections, more phone stores, more phone dis an' dat and more blah, blah, blah. Doesn't anyone realise that our nation needs to advance in all other ways other than by talk, phone sales and more talking. Man should not live on the phone alone, geta life. Human Being "I am vex that even though government selected a company a few weeks ago to repair our traffic lights, it seems like all the lights on this island still ain' working. What is going on in this country? How are people supposed to have a good quality of life when traffic lights are off, the roads bumpy and bite up, plus the water rusty and low pressure. "Maybe it's the high population on New Providence that exacerbates the problem so government and businesses owners need to think outside the box and get some of these people onto our beautiful and underdeveloped Family Islands. Or better yet, y'all stay in this overcrowded cesspool while I move to an Out-Island and enjoy the rest of my life stress free." Stressed Out Are you vex? Send complaints to firstname.lastname@example.org. WHY YOU VEX? TWENTY per cent of all pregnancies in the country are to women under the age of 20, according to latest statistics. The ramifications of single motherhood at an early age were discussed as the InterAmerican Development Bank (IDB Bahamas Country Office on Tuesday celebrated International Womens Day by hosting a lunchtime event under the theme: Young Single Mothers and the Challenges of Motherhood and the Workplace. Among other aspects of the issue, panel members addressed the psychological feelings of entrapment, isolation and frustration young women experience when faced with motherhood unprepared and all alone, and before completing their own physical, emotional and intellectual emergence into adulthood. The panel was comprised of Carolyn Evans, Magistrate of Family Court; Reverend Angela Palacious, Anglican priest and counsellor; Dr Pearl McMillan, head of Public Health, Ministry of Health, and Carolyn Roberts, Chief of Psychology at the Sandilands Rehabilitation Centre. They discussed the issue from legal, religious, health care, and psychological perspectives, identifying the challenges that young single mothers face. Some of the challenges mentioned were: the expense of legal services and the implications of legally unrecognised unions, such as cohabitation; the spiritual need for forgiveness, peace and love for self and others; and the fact that 20 per cent of all pregnancies in the country are to women under twenty years of age. The panel members and some in the audience proposed several recommendations to address the challenges of the young single mother, such as a family court unit that would function to assist mothers with knowing their rights under the law, enact ment of legislation that acknowledges cohabitation. Additionally, the need for safe houses and primary schools that included nurseries was addressed. The panel suggested that free nurseries be established in areas close to workplaces to facilitate mothers visiting their babies during the lunch hour to nurse them and to continue to bond. This would bring greater peace of mind to the mothers and enable them to focus on their work as they would be assured of their childs well-being and security, the panel said. Finally, financing to carry out research and studies in the area to better understand the varied reasons behind the cause of child and adolescent pregnancies and their consequences were also recommended. The panel members suggested that the IDB assist the country with the implementation of these recommendations. IDB Country Office representative Astrid Wynter informed the participants that the Bank bases its involvement in the country on the priority areas which are discussed and agreed upon with the government in a country strategy. The current IDB Strategy with the Bahamas covers the period 20102014, and focuses on four priority areas for Bank support: energy, water and sanitation, transport, and small and medium sized enterprise development. Barbara Burrows, Permanent Secretary in the Ministry of Labour and Social Development chaired the panel discussions. The audience was made up of members from civic organisations, such as the Bahamas Family Planning Association and Providing Access To Education (PACE Programme for pregnant young women as well as government agencies, such as the Bureau of Womens Affairs, yhe Crisis Centre, the Department of Statistics, and independent researchers, lawyers and educators from the College of the Bahamas and other institutions. 20 per cent of pregnancies in Bahamas to women under 20 Police continue Grand Bahama murder inquiries P ATRICK RUSSELL
By ADRIAN GIBSON a email@example.com T HE vicious spate of violent crimes plaguing our society is a manifestation of more complex social ills, that is, absent fathers/mothers, p oor socialisation, low academic achievement, too much exposure to violence via television and other outlets, poor conflict resolution skills and, of course, the prevalence of drug trafficking. Indeed, the murderous, sadistic state of affairs presently a fflicting the Bahamas is nightmarish and, these days, the surge in the drug trade must be accounted for as a major contributing factor. Over the years, the illicit drug plague has tattered our social fabric and will unremit tingly haunt the history of our island chain for many years to c ome. Recent discoveries of marijuana fields throughout the Bahamas and million dollar drug caches in homes suggest the local drug scene has experienced a resurgence. Since the boom of the drug trade, the Bahamas has slithered from a quiet society where p eople could sleep with their doors open to in some corners of the archipelago, particularly New Providence a crime-riddled, materialistic society where brotherly love has almost disappeared only to be replaced by greed and a preoc cupation with outdoing the J ones. Geographically, during the drug explosion of the 1970s/1980s, the Bahamas became the paramount staging point for the traffic of narcotic drugs and psychotropic sub stances due to its ideal location between the US (demand South American drug producers. Islands such as the Exumas, the Berry Islands, Abaco, Long Island, Grand Bahama, Inagua, San Salvador and Eleuthera soon lost their exotic glaze, becoming shadowy outposts as rapacious locals were besieged by their zeal for quick riches. The 1970s/1980s was the pinnacle of the drug trade as cocaine and marijuana were routinely smuggled through the Bahamas, with unsupervised airfields or go-fast boats (even yachts and freighters) being used with the knowledge and co-operation of high-ranking Bahamians. According to the report of the 1984 Commission of Inquiry, serious drug trafficking began to afflict the Bahamas in 1968. In October, 1984, nearly the entire Pindling Cabinet was caught up in scandal, and while Pindling and several others were exonerated, there were those who were found guilty of misconduct. However, there were and still are questions surrounding Sir Lynden Pindlings spending of eight times his official salary, which he claimed resulted from the generosity of Everett Bannister, a business associate. In disgust, former Governor General Arthur Hanna, former PM Perry Christie, Sir Clement Maynard and PM Hubert Ingraham all resigned. These resignations should have rever berated throughout Bahamian politics and led to a revitalisa tion of society, but this was not to happen as the trade and illfated use of dope by Bahamians persisted. Today, catchy slogans, med leys and a plethora of other attention-grabbing promotional undertaking are used to pro mote the Bahamas as a perpet ual and ideal tourist paradise. However, these efforts may prove fruitless if crime contin ues to erupt across the national landscape. For many Bahamians, the remnants of the height of drug-trafficking are all still apparent, particularly the high occurrences of brutal crimes, the eyesore of strung-out vagabonds patrolling the streets and peddling for a quarter to most likely purchase dope and, of course, the fervent obsession of many Bahamians with vanity. Throughout the years, drugs coupled with alcohol has led to a societal meltdown, with crime, suicides, marital breakdowns, domestic violence, absenteeism and unwarranted accidents all resulting from their use. I can recall listening to a recollection of the life story of a joneser on Village Road and hearing about how he was a former pilot, was married with children and living in a nice home. However, drugs got a hold of him, relegating him to a wandering social misfit with no profession, no wife, no home and mortified children. In this instance, a formerly thriving man became an utter slob. Tobacco, alcohol and illegal drug use is becoming more widespread among high school students, with the usage if marijuana and other inhalants becoming increasingly popular in grades nine to 12. News stories of children as young as age 10 purchasing and becoming addicted to alcohol must not be taken flippantly. These inci dents are patent indicators of a new generation of substance abusers who are willingly sacrificing books and brain cells and the future of our country for a speedy high. The law must be enforced and it must be established that bartenders should request the relevant identification of patrons who seem too young, thereby refusing to sell alcohol to anyone under age 18. The discovery of any alcoholic depot not complying should face stiff penalties and/or have their licences revoked. By and large, the drug trade in the Bahamas has had a cost ly impact on society, ranging from the negligence of family, pauperism and homelessness, urban/social decay, lack of investor confidence and a weakened economy, sexually transmitted diseases, an upsurge in health concerns/costs and a spike in violent crime. As Bahamians, we must be cognisant that patriots true patriots would not contribute to shredding the social fabric of their country for 30 pieces of silver (i.e. a few quick bucks L OCAL NEWS PAGE 6, SATURDAY, MARCH 12, 2011 THE TRIBUNE Grants Town Wesley Methodist Church(Baillou Hill Rd & Chapel Street) P.O.Box CB-13046 The Holy Ghost Prayer-Line number is 326-7427(www.gtwesley.org)SUNDAY, MARCH 13TH, 2011Theme: As a wise master builder, I laid a foundation and another was building upon it."7:00 a.m. Rev. Carla Culmer/Sis. Katherine Rose 11:00 a.m. Rev. Carla Culmer/Men's Fellowship (B 7:00 p.m. Bro. Franklyn Bethel/Sis. Marilyn Tinker CENTRAL GOSPEL CHAPELCHRISTIE & DOWDESWELL STREETS Tel: 325-2921SUNDAY, MARCH 13TH, 2011 Bible Class: 9:45 a.m. Breaking of Bread Service: 10:45 a.m. Community Outreach: 11:30 a.m. Evening Service: 7:00 p.m. Midweek Service 7:30 p.m. (Wednesdays)11:30 A.M. SpeakerPastor Gregory Bethel FOR students Desiree Joseph and Kristoff Strachan of the Grand Bahama Catholic High School a little drama paid off, as they made a strong showing at the E Clement Bethel National Arts Festival Adjudications in Freeport this week. Ms Joseph, a 17-year-old 12th grader, said getting a 94 for her dramatic performance was a wonderful feeling. I was very happy, very exited about it, she said. Hard work does pay off. Ms Joseph added that she was especially happy that their coach and English language and literature teacher Leslie Dorsett was there to see the strong performance. This is my second year entering the festival and she was here last time, too; so I am very happy that she supports us in everything that we do. Ms Joseph said she was honoured to have a cultural icon like James Catalyn come to Freeport to do the adjudication. Mr Catalyn is always very hard because he knows what he is talking about; so every score that he gives, you really cannot ague with it, she said. Mr Strachan, a 16-year-old 11th grader, said he was amazed to have performed so strongly in his first time entering the Festival. He scored a 93. I actually thought it was going to be very nerve-wracking because I had heard about Mr Catalyn and that he was a strict man and very critical about getting things the right way, but being here is not as bad as I had heard, Mr Strachan said. I am pretty ecstatic right now. He added that he was happy that his teacher and coach chose the piece for him to perform. Ms Dorsett said she was extremely happy that her students did so well in their performance that day and she pointed out that they have practiced long and hard to hone their skill. Organising secretary for the festival Keva Cartwright remind ed the performers that it is a national festival and there are still many islands to go through. However, she encouraged them to be proud of their performances. Students proud of their dramatic turn at National Arts Festival Y OUNG M AN S V IEW ADRIANGIBSON (BIS photo/Eric Rose PERFORMANCE: Kristoff Strachan, a 16-year-old 11th grader at G rand Bahama Catholic High School, performs as an old man a ttending a Bahamian wedding at the E Clement Bethel National A rts Festival Adjudications in Freeport. (BIS photo/Eric Rose WAITING: Desiree Joseph, a 17-year-old 12th grader at Grand Bahama Catholic High School, plays Waiting in Line at the E C lement Bethel National Arts Festival Adjudications in Freeport. Complex social ills behind the spate of violent crimes FAMILAR SCENE: The gunshot-riddled body of a man was discoveredb y police in bushes off Carmichael R oad this week one more example of the s piralling crime problem.
LOCAL NEWS T HE TRIBUNE SATURDAY, MARCH 12, 2011, PAGE 7 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.130.95AML Foods Limited1.091.090.000.1230.0408.93.67% 10.639.05Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 5.754.40Bank of Bahamas4.504.40-0.104,0000.1530.10028.82.27% 0.530.17Benchmark0.180.180.00-0.8770.000N/M0.00% 2.842.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.201.96Fidelity Bank1.961.960.000.0160.040122.52.04% 12.409.44Cable Bahamas10.2110.210.001.0500.3109.73.04% 2.852.35Colina Holdings2.402.400.005000.7810.0403.11.67% 7.005.80Commonwealth Bank (S1)6.806.800.000.4880.26013.93.82% 2.861.90Consolidated Water BDRs2.162.07-0.090.1110.04518.62.17% 2.541.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.505.25Famguard5.255.250.000.3570.24014.74.57% 9.275.88Finco5.885.880.000.6820.0008.60.00% 11.408.77FirstCaribbean Bank9.399.390.000.4940.35019.03.73% 6.004.57Focol (S)5.405.470.073,7000.4520.16012.12.93% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.50ICD Utilities7.407.400.000.0120.240616.73.24% 10.509.80J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: YEAR END 2008 -12.31%30 May 2013 20 November 2029THURSDAY, 10 MARCH 2011B ISX ALL SHARE INDEX: CLOSE 1,456.81 | CHG 0.35 | %CHG 0.02 | YTD -42.70 | YTD % -2.85BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W W W.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%BISX LISTED & TRADED SECURITIES AS OF:7% Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas 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%L ast 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.95272.8300CFAL MSI Preferred Fund2.94860.04%1.45%2.918256 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 Fund13.43920.61%-0.22% 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 7/11/200730-Nov-10 31-Jan-11 107.570619 105.776543 30-Jun-10 31-Dec-10 NAV 6MTH 1.475244 2.910084 1.545071TO 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 28-Feb-11 11-Feb-11 31-Jan-11MARKET TERMS31-Dec-10 31-Jan-11CFAL Securities Ltd. (Over-The-Counter Securities)31-Jan-11BISX Listed Mutual FundsNAV Date 30-Nov-10 31-Dec-10 $16(/(7&+$5/(6RI &2;$9(18(RII&$50,&+$(/3%2;&5 1$66$8%$+$0$6 )5,7=/28,66$,17RI 3%2;$'(/$,'52$' you start to say publicly who you will give work permits to and who you will not give work permits to, it sends a wrong signal to people outside. And I think this Ingraham government, through its stop, review and cancel policies, through its personalisation of economic policies, have caused a lot of concern on the part of investors in this country as to its stability. Standards and Poor, the international rating agency, said they made a mistake and instead of cushioning the impact of the recession, they exacerbated itwhen they cancelled (projects Mr Christie said the contract for a new school in Grand Bahama that was awarded to Patrick McDonald has been cancelled by the FNM after it came to office, while a contract for a similar school in Nassau was not cancelled. Contracts He cherry picked who he wanted to give contracts to, and that was wrong and it impacted the country negatively, Mr Christie said. The opposition leader also commented on the refusal of Mr Ingraham to engage in discussions with the Port Authority regarding the expiration of tax exemptions of the Hawksbill Creek Agreement. When you have a very volatile and unpredictable policy application on the part of government that I am not going to talk to you about the termination or ending of the agreement in 2015 until after the next election, you must always be able to talk with investors. You must be able to hear because the one thing that the Bahamas has failed on to date is being able to work in accordance with a proper plan. Planning takes you well beyond 10 years and that is very evidently lacking in the Ingraham government, and it would certainly be put in place by my government. We want to bring a different kind of governance here. One that will focus on challenges we have and lift up the assets that Grand Bahama has, and find a way tomaximise the return of those assets in the form of policies. We have another set of elections coming up and the people of Grand Bahama will have to make the choice and the choice is a very clear one: more of the same, or a new pathone in which we will have a government in here with our sleeves rolled up working to bring about the empowerment of the people of Freeport and Grand Bahama, he said. INGRAHAM GOVT ACCUSED OF CAUSING INVESTOR CONCERN FROM page three day. The Bahamas Electrical Utility Managerial Union (BEUMU behind the action, which was reported to have involved 108 union members. The statement said: "The corporation is disappointed with the decision by some managers to engage in a sick out especially as it continues to meet with the BEUMU" and the parties have been making progress in discussinga new industrial agreement. Union president Ervin Dean announced late last week by that middle managers would take strike action because of the lack of progress being made with BEC negotiators. Meeting He said: "We have been meeting over the past several weeks and basically accomplished nothing. We have asked them repeatedly to comply with the industrial agreement, they have refused. They have refused to budge." BEC stated that its negotiating team has met with the union twice weekly since February 22 in an attempt to negotiate an agreement that is beneficial to both parties. While the managers indus trial agreement expired in 2007, BEC said in a period of economic stability managers have continued to receive annual salary increments ranging from $1,600 to $2,100 a rate of about three per cent of annual salary. They have also received Christmas bonuses and bene fits such as medical insurance. BEC is calling on the BEUMU to be reasonable as thec orporations negotiators remain committed to complet ing this process as quickly as possible. BEC would also like to inform the public that mea-s ures have been put in place to minimise any possible dis ruption to electricity supplies as a result of the action taken by the BEUMU, the statement said. BEC DISMAY AT INDUSTRIAL ACTION BY MANAGERS FROM page one e want 10,000 for BTC protest appointment of Usman Saadat, URCA's chief executiveo fficer (CEO a CEO of CWC St Lucia. He also pointed to the fact that Marsha Lewis, a human resources consultant at URCA, is also a former e mployee of the Londonb ased telecommunications p rovider. Given the appearance of this "conflict of interest", Mr Evans called on the nation's political and religious leaderst o denounce the regulator's approval. "This matter is something for the government to unders tand, that conflict of interest is far reaching. We as a nation ought not to let this go, this isa fight bigger than the union, it's about ethics. I would hopet hat those in power whether r eligious or political would s tand up and say 'This is not right. "We know from their track record that Cable and Wireless always wanted to haves ome control or say with i ndustry regulatory board t hey tried this tactic in St Lucia in early 2000 or 2001 and threatened to pull out of the country if they couldn't be a part of the regulatory( drafting) board. But the p rime minister of St Lucia stood up and said it would h ave been a disadvantage to other entrants (into their market)." Mr Evans also fears CWC will transfer key managementj obs at BTC outside of the B ahamas, to other countries w here they maintain operations. On Thursday, URCA approved CWC's acquisition of a 51 per cent stake in BTCo n the grounds it would not l essen competition in any of t he services the state-owned incumbent currently offers. The industry regulator rejected concerns that CWC would use the extended three-y ear cellular monopoly to impede the growth of competition" in other markets. FROM page one only allowed it to block industry mergers and a cquisition on competition grounds, and when the purchase of media assets was against thep ublic interest, the regulator concluded of the B TC privatisation: "URCA finds that the c hange in control contemplated by the transa ction would not have either of the adverse effects set out [in the Act's] section 72; subs tantially lessening competition, or for a change in control involving a media public interest, an effect contrary to public interest. CWC pleased with URCA approval of the BTC deal FROM page one The Tribune yesterday on condition of anonymity, said he is finding it increasingly difficult to stay in business. Right now diesel is $4.54 at our station (Texaco). On that we make 19 cents. I dont think thats fair. Gas is still $4.72, but we expect that to go up next week. What the public doesnt realise is when those prices go up we have to find the extra money to buy it, but our margins stay the same. We have to pay for security, rent, salaries, insurance etc. At this rate, soon every retailer will be out of business, he said. Phenton Neymour, Minister of State for the Environment, said he thought the actions taken by the petroleumr etailers yesterday was dras tic, considering they were only recently informed of their position. I had spoken to the Bahamas Petroleum Retailers Association president this morning and indicated I was willing to meet with them anytime, even today. They indicated they preferred to meet on Monday tor eceive a formal presentation from them. We recognise there are challenges they face as a result of increasing prices. We recognised they have had increases in expenses, security labour, but what we must do as a government when look ing at an application like this, one must also look at the position of wholesalers and customers to determine the full effect any increase would have on them. That is why it is important that they provide the data to the government. At the same time, the government is collecting its own information to look at the position of all the stakeholders with a view that all can be addressed and hardship is not brought to all, he said. Mr Neymour said a concern of the government is that when there is a price increase at the pump, there is a rippling effect not only in New Providence, but the Family Islands as well which effects wholesalers, distributors, and retailers there. First of all there is an application process and one must follow that process first. If one had a concern one would have expected that this process would have begun by the retailers a long time ago. That process includes the provision of information. This is a process we went through in 2000 and the mid 1990s. To take such action without carrying out all of the actions is drastic. The government has a responsibility to ensure the quality of life for all Bahamians not just the retailers and how this will affect them; how does it affect the cost of the jitney? The retailers recognise this is a regulated market, but they have a responsibility too, to carry out the process for impacting customers. We recognise their invest ment. Mr Neymour explained that when retailers apply for an increase they must first demonstrate an increase is warranted. They must present their case. When they invited me to talk, they called me on Sunday afternoon and I met with them Sunday night. That demonstrates our commitment. But they also have a responsibility to provide information on their challenges. In New Providence, wholesalers receive 33 cents per gallon on gasoline while retailers receive 44 cents per gallon. This collective 77 cents is then added to the price of gasoline which is pur chased on the international market. The mark up for diesel remains at 19 cents per gallon for retailers. PETROL RETAILERS STOP DIESEL SALE ese Ambassador accredited to The Bahamas, H.E. Ambass ador Hiroshi Yamaguchi to discuss the mutual interest of both governments to broaden and enhance relations. Japan is always amongst the first of the developed countries t o respond to international disasters with help and assistance. The Bahamas was happy to learn that the world community at the level of the United Nations and capital cities of the devel oped countries with the ability to respond have signalled a r eadiness to lend whatever assistance is required by Japan, said the Prime Minister. He extended condolences to the government and people of Japan from the government and people of the Bahamas over t he tremendous loss of life and destruction from the disaster. See pages 11 and 12 PMS SORROW OVER QUAKE HORROR F ROM page one F ROM page one PHENTON NEYMOUR