The Tribune.
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Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 4/11/2011
Spatial Coverage: Bahamas
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
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Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
System ID: UF00084249:01830


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N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Christie branded worst ever PM V olume: 107 No.116MONDAY, APRIL 11, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER BRIGHT SUNSHINE HIGH 85F LOW 73F I N S I G H T SEEPAGE12B S P O R T S Haiti's new president takes conservative tack SEESECTIONE Carifta Games team chosen By PAUL G TURNQUEST Tribune Staff Reporter A WAR of words between the PLP and the FNM raged last night after former Prime Minis ter Perry Christie was branded the worst Prime Minister in the history of the Bahamas. In the FNMs latest commentary (see Page 9 party said Mr Christie is acutely and hopelessly indecisive, and is responsible for running the most incompetent and dys functional government since Independence. But in response to the FNMs statement, the PLP issued a press release last night, claiming they are astounded at the level of idiocy to which the FNM has now stooped. It is no wonder that they are now called in many circles the Foreign National Movement. This pathetic piece of fiction which they released this after noon confirms that they wish to elevate trash talking to the level of public policy. It is stupid. It is idle. It is crazy. It is a concoction of lies and half truths. We have said repeatedly: Try as the FNM and its foreign minders wish to, this election is not a contest between two men. This is about the abject failure of the FNM under their obse quious Prime Minister to pro tect this economy, to keep its people employed and to bring in foreign investment and to control crime, the statement read. In its commentary, the FNM said that in terms of decisiveness, competence, hard work, taking action, good judgment and tested leadership, Perry Christie has been Simply the Worst Prime Minister of the Commonwealth of The Bahamas. Most Bahamians and those PLPs honest with themselves would acknowledge that in a comparison between Hubert Alexander Ingraham and Perry G ladstone Christie, that Mr Ingraham is the more courageous and stronger leader, and, that Mr Christie is the weaker leader, the party said. Because Mr Christie always wants to be popular, he endlessly panders trying to be all things to all people. This is the quality of a contestant for Bahamian Idol. It is not what is needed in a Bahamian Prime Minister. Mr Christies decisions, when he is able to make them, are often determined by the last FNM commentar y pr ompts PLP fury TRY OUR D OUBLE M cFISH The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM I N S I D E S ECTIONINSIDE Real Estate THE Tribune, the largest selling daily newspaper in The Bahamas, last week recorded its EIGHTH successive yearly rise in circulation. On Thursday, we had an amazing 29.07 per cent rise in street sales which put our total paid circulation at just over 23,000 copies just shy of our best-ever circulation day ... the day The Tribune published embarrassing photographs of PLP MP Shane Gibson on a bed with former Playboy model Anna Nicole Smith. The figures add weight N N A A S S S S A A U U A A N N D D B B A A HH A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R S h a n e a n d A n n a N i c o l e : d r a m a t i c n e w p h o t o s C M Y K C M Y KV o l u m e : 1 0 3 N o 6 8 M O N D A Y F E B R U A R Y 1 2 2 0 0 7 P R I C E 7 5 W E A T H E R C L O U D Y S H O W E R S H I G H 7 7 F L O W 7 0 F B U S I N E S SSE E F R O N T P A G E O F B U S I N E S S S E C T I O N SP O R T SG o v e r n m e n t i n t e r v e n e s o v e r P e g a s u s l i c e n c eE V E N T C O U L D B E M O S T C O M P E T I T I V E H u g h C a m p b e l lP r e v i e wIN S I D EC H I N A T A I W A N A N D T H E C A R I B B E A NR o n a l d S a n d e r s W o r l d V i e w n B y T R I B U N E W R I T E R I M M I G R A T I O N m i n i s t e r S h a n e G i b s o n a l w a y s s a i d h e h a d a c l o s e f r i e n d s h i p w i t h c o v e r g i r l A n n a N i c o l e S m i t h w h o d r o p p e d d e a d i n h e r h o t e l r o o m l a s t w e e k D r a m a t i c n e w p h o t o g r a p h s h a n d e d t o T h e T r i b u n e l a s t n i g h t s h o w j u s t h o w c l o s e t h e i r r e l a t i o n s h i p w a s T h e m i n i s t e r a n d t h e r e a l i t y s h o w s t a r a r e s e e n h e r e i n c l o s e e m b r a c e a t A n n a N i c o l e s h o m e o n E a s t e r n R o a d N a s s a u T h e p i c t u r e s w e r e t a k e n i n h e r b e d r o o m w h i c h w a s d e c k e d i n f l o w e r s a n d r i b b o n s f o r a b i g e v e n t T h e o c c a s i o n w a s h e r 3 9 t h b i r t h d a y l a s t N o v e m b e r 2 8 j u s t o v e r t w o m o n t h s a f t e r t h e t r a g i c d e a t h o f h e r 2 0 y e a r o l d s o n D a n i e l M r G i b s o n d r e s s e d i n b a s e b a l l c a p j e a n s a n d s n e a k e r s i s s h o w n g i v i n g a h u g t o t h e w o m a n w h o w o u l d e v e n t u a l l y p u t h i s p o l i t i c a l M i n i s t e r p i c t u r e d i n c l o s e e m b r a c e w i t h t h e l a t e s t a rT h e T r i b u n e# 1 P A P E R I N C I R C U L A T I O N B A H A M A S E D I T I O N N E W B R E A K F A S T B U R R I T O S E E p a g e s t w o a n d t h r e e n B y A L I S O N L O W E T r i b u n e S t a f f R e p o r t e r T H R E E y o u n g m e n b e c a m e v i c t i m s o f g u n v i o l e n c e o v e r t h e w e e k e n d w i t h o n e d y i n g f r o m h i s w o u n d s b r i n g i n g t h e t o t a l o f r e c o r d e d h o m i c i d e s t h i s y e a r t o s e v e n O n S u n d a y a t a r o u n d 1 2 0 a m a 1 9 y e a r o l d i d e n t i f i e d a s M r Z h i v a r g o M u r r a y o f H o s p i t a l L a n e w a s f i r e d u p o n b y t h e o c c u p a n t s Y o u n g m a n d i e s a f t e r s h o o t i n g S E E p a g e 1 3 n B y A L I S O N L O W E T r i b u n e S t a f f R e p o r t e r O P P O S I T I O N l e a d e r M r H u b e r t I n g r a h a m s h o u l d s t o p r e c e i v i n g m o n t h l y p e n s i o n p a y m e n t s o f $ 9 5 0 0 u n l e s s h e r e s i g n s f r o m p a r l i a m e n t e n t i r e l y a t t o r n e y s P a u l M o s s a n d F a y n e T h o m p s o n c l a i m e d y e s t e r d a y M r M o s s s a i d t h a t i t i s a b s t r a c t n o n s e n s e t h a t M r I n g r a h a m i s e n t i t l e d t o r e c e i v e t h e p a y m e n t w h i l e s e r v i n g a s A t t o r n e y s h i t o u t a t I n g r a h a m p e n s i o n p a y m e n t s S E E p a g e n i n e n B y K A R I N H E R I G T r i b u n e S t a f f R e p o r t e r D E S P I T E t h e r e q u e s t b y E d u c a t i o n M i n i s t e r A l f r e d S e a r s f o r G r a n d B a h a m a t e a c h e r s t o r e t u r n t o t h e i r c l a s s r o o m s t o d a y t h e B a h a m a s T e a c h e r s U n i o n ( B U T ) y e s t e r d a y c o u l d n o t g u a r a n t e e t h a t t h e r e w o u l d b e f u l l c o m p l i a n c e w i t h t h a t p l e a P r e s i d e n t o f t h e B U T I d a P o i t i e r T u r n q u e s t t o l d T h e T r i b u n e y e s t e r d a y t h a t s h e c o u l d n o t s a y h o w m a n y t e a c h e r s i n G r a n d B a h a m a w o u l d h e e d t h e m i n i s t e r s r e q u e s t a s s o m e i s s u e s s t i l l h a d t o b e a d d r e s s e d L a s t T h u r s d a y m o r e t h a n N o g u a r a n t e e s f r o m B U T t h a t a l l t e a c h e r s w i l l r e t u r n t o c l a s s e s n M I N I S T E R o f I m m i g r a t i o n S h a n e G i b s o n i s p i c t u r e d w i t h A n n a N i c o l e S m i t h a t h e r h o m e o n E a s t e r n R o a d N a s s a u n B y A L I S O N L O W E T r i b u n e S t a f f R e p o r t e r T H I R T E E N B a h a m a s a i r m a n a g e r s b a s e d i n F l o r i d a c l a i m t o h a v e b e e n d i s c r i m i n a t e d a g a i n s t b y s e n i o r m a n a g e m e n t h a v i n g b e e n s h o r t c h a n g e d i n r e c e n t i n d u s t r i a l a g r e e m e n t s t o t h e t u n e o f s e v e r a l t h o u s a n d d o l l a r s I n D e c e m b e r a l l o t h e r B a h a m a s a i r m a n a g e r s r e c e i v e d a f o u r p e r c e n t r a i s e a n d 1 8 m o n t h s o f b a c k p a y a n d s e v e r a l o t h e r b e n e f i t s t h e m a n a g e r s n o t e d S t a f f m e m b e r s i n a l l o t h e r a r e a s i n c l u d i n g p i l o t s g r o u n d s t a f f a n d f l i g h t a t t e n d a n t s w e r e a l l a w a r d e d b e n e f i t s o f s o m e k i n d H o w e v e r t h e B a h a m a s a i r F l o r i d a m a n a g e r s r e c e i v e d a r a i s e o f o n l y t h r e e p e r c e n t w i t h n o b a c k p a y a n d n o n e o f 1 3 B a h a m a s a i r m a n a g e r s c l a i m t o h a v e b e e n s h o r t c h a n g e d b y t h o u s a n d s S E E p a g e n i n e S E E p a g e 1 3 N A S S A U A N D B A H A M A I S L A N D S L E A D I N G N E W S P A P E R V o l u m e : 1 0 7 N o 1 1 2 T H U R S D A Y A P R I L 7 2 0 1 1 P R I C E 7 5 ( A b a c o a n d G r a n d B a h a m a $ 1 2 5 ) W E A T H E R B R E E Z Y S U N S H I N E H I G H 8 5 F L O W 7 4 F B y N A T A R I O M c K E N Z I E T r i b u n e S t a f f R e p o r t e r n m c k e n z i e @ t r i b u n e m e d i a n e t T W O m e n a p p e a r e d i n c o u r t y e s t e r d a y i n c o n n e c t i o n w i t h a d r i v e b y s h o o t i n g t h a t l e f t o n e w o m a n d e a d a n d a n o t h e r s e r i o u s l y i n j u r e d P o l i c e h a v e c h a r g e d C h a r l e s P a n d y 3 7 o f W i n d e r s T e r r a c e a n d W i n s t o n W h y l l y 2 7 o f D e l i v e r a n c e W a y w i t h t h e m u r d e r o f 3 1 y e a r o l d C a r o l J e a n J a c q u e s T h e m e n h a v e a l s o b e e n c h a r g e d w i t h t h e a t t e m p t e d m u r d e r o f R o s i t a L o u i c e u s A c c o r d i n g t o r e p o r t s M s J a c q u e s h e r t w o y e a r o l d d a u g h t e r a n d M s L o u i c e u s w e r e w a l k i n g h o m e f r o m a p r a y e r m e e t i n g w h e n t h e y s t o p p e d a t a s h o p t o b u y g r o c e r i e s s h o r t l y a f t e r 2 p m l a s t W e d n e s d a y A s t h e y w a l k e d h o m e o n F l o r v i l l e R o a d o f f B a c a r d i R o a d a g r e e n H o n d a C i v i c o c c u p i e d b y t h r e e m e n p u l l e d u p T h e m e n r e p o r t e d l y a s k e d t h e w o m e n : D o y o u n e e d a r i d e ? b e f o r e t h e y o p e n e d f i r e o n t h e w o m e n M s J a c q u e s w a s f a t a l l y s t r u c k i n h e r u p p e r c h e s t a n d w a s s t i l l h o l d i n g h e r d a u g h t e r w h e n s h e f e l l t o t h e g r o u n d M s L o u i c e u s w a s r e p o r t e d l y s h o t i n t h e s h o u l d e r D u r i n g t h e i r a r r a i g n m e n t b e f o r e C h i e f M a g i s t r a t e T R Y O U R D O U B L E M c F I S H T h e T r i b u n eT H E P E O P L E S P A P E R B I G G E S T A N D B E S TL A T E S T N E W S O N W W W T R I B U N E 2 4 2 C O M Y O U R S O U R C E F O R O B I T U A R I E SN N O O B B O O D 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A n d i f s o w h o a r e t h e y ? W h e r e a r e t h e y ? S E E p a g e 1 0 P R I M E M I N I S T E R : N O H A N D I N T H E C O O K I E J A R I N S A L E O F B T C B T C P R I V A T I S A T I O N C O U L D H A V E H A D M O R E A G G R E S S I V E P R O M O T I O N J U L I A N F R A N C I S S E E p a g e 1 2B y T A N E K A T H O M P S O N T r i b u n e S t a f f R e p o r t e r t t h o m p s o n @ t r i b u n e m e d i a n e t A N E W E R A i n t h e B a h a m a s t e l e c o m m u n i c a t i o n s s e c t o r i s o n t h e h o r i z o n a c c o r d i n g t o C a b l e a n d W i r e l e s s C o m m u n i c a t i o n s w h i c h a s s u m e d c o n t r o l o f B T C y e s t e r d a y E x e c u t i v e s o f t h e L o n d o n b a s e d w o r l d w i d e t e l e c o m m u n i c a t i o n s c o m p a n y a n d t h e t r e a s u r e r s i g n e d o f f o n a g r e e m e n t s a f f e c t i n g t h e t r a n s f e r o f 5 1 p e r c e n t o f B T C s s h a r e s t o C W C a t a p r e s s c o n f e r e n c e i n t h e C a b i n e t O f f i c e y e s t e r d a y S E E p a g e 1 2 T w o c h a r g e d w i t h w o m a n s m u r d e r V I C T I M : C a r o l J e a n J a c q u e s TRIBUNE RECORDS EIGHTH SUCCESSIVE YEARLY RISE S EE page 10 SEE page 11 By AVA TURNQUEST Tribune Staff Reporter aturnquest@ A NASSAU Village home was burnt to the ground in an act of revenge following an ear lier shooting incident, it was claimed last night. The incident is believed to be the latest act of retaliation in the troubled inner-city community. According to local residents, the shooting of a 26-year-old man at Matthew Street and Alexandria Boulevard stemmed from a longstanding feud between two men over a woman. It was reported that an angry mob descend ed upon the house of the suspected shooter, also N ASS AU VILL A GE HOME BURNED DOWN AS REVENGE FOR SHOOTING BLAZE: A firefighter tackles the burning Nassau Village home. Photo/ Malcolm Davis SEE page 10 By MEGAN REYNOLDS Tribune Staff Reporter A CYCLIST participating in the Ride for Hope to raise funds for cancer charities suffered a massive heart attack and died. According to a Hatchet Bay resident, Jink McCardy, 68, of Hatchet Bay, who had suffered two heart attacks in the past, kept fit by bicycle riding. Therefore, his attack during the ride was a surprise to his friends. Mr McCardy, a widower, was remarried two weeks ago. Event co-founder Stephen Holowesko said the man, who was an avid cyclist and lived in Eleuthera, was given medical attention as soon as he showed signs of illness. An ambulance was called and a cardiologist provided immediate medical attention, however Mr McCardy is believed to have suffered a massive heart attack and could not be revived. Mr Holowesko said Ride for Hope organisers did everything to ensure cyclists would have first-class medical attention available and had invested in specialised medical equipment and ZHIVARGO Laing, State Minister for Finance, published a let ter yesterday on his Facebook page explaining the reasons he believes Oswald Brown, former Editor of The Freeport News, writes such vile things about him. Suggesting that Mr Brown actually hates him, Mr Laing said the reason behind such vit riol is quite simple. First, Brown believes that I along with Prime Minister (Hubert for his getting fired from his job at the Freeport News. This is, of course, absolute nonsense but this is what his now-jaundiced mind believes. I, nor Mr Ingraham had any role to play in Mr Browns firing. Recent conversations with the owners revealed for me what the real reasons were, but I leave that there. I will say this much, however, Oswald held on a little while given what I learned. Perhaps one day, Mr LAINGS ONLINE LETTER SUGGESTS FORMER EDITOR HATES HIM RIDE F OR HOPE CYCLIST DIES OF HEART ATTACK SEE page 11 SEE page 10 ZHIVARGO LAING


M INISTERof State for the Environment Phenton Neymour and members of the Defence Force distributed new energy saving light bulbs at Pinewood Park on Saturday. R esidents were out in force to collect the bulbs and hand in their old ones. Felip Major /Tribune staff L OCAL NEWS PAGE 2, MONDAY, APRIL 11, 2011 THE TRIBUNE Minister lights up Pinewood Park with energy saving light bulbs D D E E A A T T H H N N O O T T I I C C E E R R o o s s e e M M a a r r i i e e M M o o r r e e e e , 7 7 1 1 We are saddened to announce the passing of Rose-Marie Moree 71, of Nassau, Bahamas. Rosie, as she w as affectionately known, passed away peacefully on Friday, April 8th, 2011. She leaves behind her husband Jack Mor ee, son J ody, daughter Kelli and their f amilies; sister Sue and host of other relatives and friends. Funeral arrangements will be announced at a later date.


FORMER Cabinet Minister and FNM MP for Bamboo Town Branville McCartney, thanked his supporters in and outside of his constituency whohe claims have showered him with love and support following his resignation from the FNM. In recent days, I have also been overcome with humility by the growing number of people who have come forward to express their interest in working along with me to move this, our beloved country, forward toward the future of empower ment that has been promised to us for almost 40 years, he said. Mr McCartney promised the people of Bamboo Town and the Bahamas that when they next hear from him publicly, he will not be alone in presenting a real vision and mission plan that will speak to your desires, your dreams, and your possibilities. Like America, who against all odds elected its first Black President; like Trinidad, with its first female Prime Minister; and like Haiti, electing under dog musician Michel Martellyas President, it is my utmost belief that together, as a people united, Bahamians and the Bahamas, will join other countries around the world in redefining what is possible. I ask all to remain encour aged and know that I am using my time away wisely and creatively to ensure that the next government of the Bahamas will be prepared to represent them well, by putting together a plan that will once again put people first, he said. B y AVA TURNQUEST T ribune Staff Reporter A PRIVATE ambulance on its way to hospital was attacked yesterday by bottle-throwing thugs, breaking itsw indshield and injuring the driver. According to owner Frank Walkine, the culprits threw beer bottles at thev ehicle as it was taking a critical Long Island patient to hospital. Mr Walkine, president of Air Ambulance Services, said: This is an unprov oked attack on an emergency vehicle, an ambulance with lights and sirens blazing. Luckily the driver did not lose c ontrol, who knows what could have b een the outcome. M r Walkine explained that his company made the emergency flight into Stella Maris sometime around 1am. T he ground ambulance was on Poinc iana Drive when a group of men in a t ruck started throwing bottles which broke the windshield and injured thed river. M r Walkine said: I want the police t o aggressively pursue this type of activity. Never have I heard of somebody attacking an ambulance. We were transporting a level one patient it w as a life and death matter. P olice were said to be searching for t he thugs vehicle after receiving a license plate number from a witness. A nyone with any information relati ng to the incident should call police on 9 11, 919 or call Crime Stoppers on 328TIPS (8477 LOCAL NEWS T HE TRIBUNE MONDAY, APRIL 11, 2011, PAGE 3 THE Progressive Liberal Par ty has denied reports the party is investigating the disappearance of a political donation of half a million dollars to its 2007 general election campaign fund. According to a PLP statement, there has not been any official complaint of any missing funds from any donor. The story calls for specula tion. It is either the work of mischief makers who are too cleverby half and for their own good or inept propagandists seeking to push the FNM line that somehow the PLPs name is sullied in the eyes of the public. In either case, the party remains undeterred of ridding the country of the FNM and Hubert Ingraham. We are fully focused on the issues: Crime, unemployment and saving the Bahamas for Bahamians. The PLP intends to win the next general election and by Gods help save the nation, the party said. Bran thanks supporters who have showered him with love Ambulance on its way to hospital hit by beer bottles Windshield broken and driver is injured PLP DENIES REPORTS OF MISSING FUNDS INVES TIGA TION BRANVILLEMCCARTNEY


EDITOR, The Tribune. IN THEtypical hysteric a nd irresponsible manner which has become his trademark, the Leader of the Opposition has proposed the biggest example of stop, review and cancel in B ahamian history. P LP Leader Perry Christie h as put the country on notice o f his plans to destroy the new BTC-Cable & Wireless partn ership despite approval by Parliament and a regulatoryr eview by URCA. M r. Christie's outrageous h istrionics demonstrates once again the PLP's sense of entitlement and frustration and also their contempt for the mandate of the people as given to the FNM not to theP LP in the last election. Further, Mr. Christie's statement is another exampleo f his never ending pandering and big talk which nevera mounts to anything. This is t he same PLP that vehementl y opposed the agreement with Sun International on the Atlantis Resort at ParadiseI sland which helped to trans form Bahamian tourism and t oday directly employs approximately 10,000 B ahamians. The PLP's hypocrisy has no bounds. Despite vicious a ttacks on the creation of Atlantis from among others Fred Mitchell and B.J. Not t age, the PLP later approved p lans for the expansion of Atlantis. They were wrong in their opposition to Atlantisa nd they are wrong today on the BTC-Cable & Wireless partnership. W ith both Atlantis and the new BTC-Cable & Wireless partnership, the PLP sought to oppose initiatives they did n ot want to succeed because they know that what is good for the Bahamian people is bad news for them. For the record, the Oppo sition also opposes the new port at Arawak Cay. How Mr. Christie proposes to lift the new port out of theg round at Arawak Cay and transplant it at Clifton is known only to him and the PLP. The Bahamian people find it amusing that the same Perry Christie and PLP who could not and did not build a port in five years, are now proposing to build a whole new port at Clifton. The real affront to the Bahamian people was from those who were greedily a nticipating raking millions off the top in the Bluewater deal. That deal would havem ade some instant millionaires but it would have left the Bahamian public with no improvement in telecoms service. In fact it would have left the public considerably worse off. W hen Mr. Christie is looki ng for affront to the Bahamian people and trying to ident ify those who would give away the people's patrimony, he should look in the mirrora nd see the man who gave foreigners 10,000 acres of real p atrimony in Mayaguana. Mr. Christie should also c all for a full public inquiry into the many unanswered questions about Bluewater. Who were its Bahamian principals? Would it have benefitted some members of his C abinet? Why has the PLP b een so hushed mouth about t he details of the Bluewater s cheme? In the interest of transp arency and accountability Mr. Christie should providet he Bahamian people with i mmediate answers to these a nd other questions related to Bluewater, a deal which his Cabinet agreed to in secrecy on the eve of the last election. BLS N assau, April 8, 2011. E DITORIAL/LETTERS TO THE EDITOR P AGE 4, MONDAY, APRIL 11, 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 WASHINGTON President Barack Obama promised to change Washington's ways. Yet he's as caught up in them as ever. As the week began, Obama kicked off his re-election bid with a sunny video of people talking about their hopes and needs, the very image of life outside Washington politics. By week's end, Obama was mired in budget negotiations, cancelling trips and scrambling to stave off a government shutdown that could only undermine the public's faith in h is leadership. It was the messy business of governing, and how it's going to be in this long campaign for incumbent Obama. Beyond the vision for economic competitiveness he wants to talk about, Obama is chasing a second term while trying to make a deeply divided government work. He got bogged down in legislative tactics in his firstt wo years, even when he won fights on health care and other issues. The goal now is to avoid all that. He can't. In this test of leadership, the White House says Obama wrangled the budget compromise he wanted, spending cuts he supported without shelving his priorities or accepting unacceptable policy changes. His administration portrayed it as an e xample of bipartisan cooperation of the highest stakes. Yet the government was on the brink of closing, and many people were wondering how that could happen, or why. This is change? The showdown was a reminder that for all a president's powers, there's much beyond control. Think Libya, Egypt, Japan's earthq uake, not to mention Iraq and Afghanistan. In this case, the new House Republican majority, led by Speaker John Boehner, seized on a must-pass budget bill to give voice to frustrated voters and tea party conservatives who demanded spending cuts. It was brinksmanship mode again in the capital, where nothing gets done until the deadline. Sometimes not even then. In publ ic, Obama tried to keep it at arm's length. "I shouldn't have to oversee a process in which Congress deals with last year's budget," Obama said as the time got short this week. In fact, he was up to his neck in it. Obama used a veto threat to make clear he would not accept the scope of GOP spending cuts. He said he would accept no more temp orary extensions to keep the government running for a few weeks at a time unless there was a broader deal in hand. He kept saying leaders had to act like grown-ups. The White House said his strategy was to stay behind the scenes, work the phones and let his senior aides do the negotiating. That type of role provided an opening for Repub licans to question his leadership. It also led to r umblings from frustrated lawmakers in his own party who wanted the president to openly attack the cuts Republicans wanted. The White House figured it would take those hits. It did. A Gallup poll in late March found declining numbers of people who said Obama was a strong and decisive leader: a little more than half of those polled, compared with 60 per cent one year ago and 73 per cent two years ago. The White House believed that a better result would come if Obama didn't try to overheat the issue. Officials believed that p eople were worried about gas prices, not a spending squabble and that voters didn't hire Obama to be a legislator. Obama would go public when it meant the most. That was Tuesday. The president suddenly got vocal. He said Americans didn't want games but results. The pragmatic approach is what White House strategists believe will bringb ack the election-turning independents to Obama. "There are some things we can't control," he said. "We can't control earthquakes; we can't control tsunamis; we can't control uprisings on the other side of the world. What we can control is our capacity to have a rea soned, fair conversation between the parties and get the business of the American peopled one." But it wasn't getting done, and his voice was not the only one setting the tone. "The president isn't leading," Boehner said Wednesday. "He didn't lead on last year's budget, and he clearly is not leading on this year's budget." Obama met with Boehner and Reid four times in the White House during the week. H e still went to the Philadelphia area Wednesday to talk about energy. He looked comfortable, almost carefree, as he laughed with workers at a wind-turbine company about their families and their cars. But Washington had sucked him back in. By Friday, he cancelled a trip to Indianapolis, scrapping the attention he wanted to give to clean energy. H e scrapped a weekend getaway with his family to Colonial Williamsburg in Virginia. While working to avoid a shutdown, Obama's team thought the White House would come out OK in the public's mind if it came to that. The thinking was that the president had presented a reasonable case of agreeing to spending cuts without going too far, and that people would be angry with Republicans if t he government closed up partially over a policy disagreement about abortion. Only when the standoff grew most dire did it end. But the budget mess showed how government isn't supposed to operate. No matter who's to blame, all will be, including a president running for election this time from inside Washington's ways. ( This article was written by Ben Feller, AP White House Correspondent). Christies stop, review and cancel on BTC LETTERS l So much for change coming to Washington E DITOR, The Tribune. YESTERDAY in the South Beach area there was another g ruesome domestic murder. As I listened to the crowd that was milling around there was talk about how the government and the police are not doing their jobs in stamping out the scourge of crime. F or government or the police to be blamed for domestic disputes is just crazy. If you are going to blame the government then you should a lso blame the neighbours. They are just next door, much clos er than the police or any government ministers .Someone must have heard the screams. Why did they not come to the rescueo f the victim? I ll tell you why, because we are all cowards, we are afraid. We would prefer to blame the government and police rather than do our civic duties. W e are afraid to speak out when we see crimes being com mitted right under our noses. We are afraid to turn in our family and friends who we know are committing these crimes.W e are afraid and find it easier to use the government and police as scapegoats. There will never be a downturn in crime until the citizens stand up and say enough is enough. But this will never happen because we are afraid so we will continue to blame the gov ernment and police. Like someone said. Blame on mur brudder, blame on. A nd then someone came right behind him and said. To whom the bells tolls? It tolls for you. Hopefully some one hears your scream. PRATT Nassau, April 8, 2011. Blaming police or govt for domestic disputes is crazy


By AVA TURNQUEST Tribune Staff Reporter a BTC customers on New Providence and Grand Bahama can expect to have a 4G service by Christmas, according to managers union chief William Carroll. Mr Carroll, head of the B ahamas Communications Public Managers Union (BCPMU), met with LIME executives on Friday where they shared tentative future plans. Theyve extended the transition period from six months, now theyre saying 18 to 24 months. They are still not 100 per cent sure about the direct ion they want to take, said Mr Carroll. They didnt tell us anything new, they are still trying to feel out and see what is what. They did say that Grand Bahama and New Providence will get 4G service by Christmas. The term G refers to the fourth generation of cellular wireless standards. The standards dictate peak speed requirements for mobile telecommunications. BTC and LIME executives set off for Eleuthera today as they embark on a countrywide tour to meet with employees, sharing with them the companys history. BTC currently employs 1,173 workers throughout the country. The team, said to include newly-appointed BTC CEO Geoff Houston; David Shaw, CEO, LIME; and advisor Kirk Griffin, former acting CEO and president, will canvass the Family Islands over the next few weeks. Meanwhile, unionists remain sceptical of the companys future after the first formal meeting since Cable & Wireless Communications took over the company. Last week, Mr Houston said he was hopeful both sides will be able to sit down amicably to hash out outstanding labour issues mainly workforce restructuring and an expired industrial agreement and to come to some accord on the way forward for BTC. Speaking yesterday, Mr Carroll said executives could not provide much details on the companys future plans at Fridays meeting. He listed contract negotiations, out-sourcing opportunities, hiring practices and impending downsizing as top issues he wants to discuss with CWC. Mr Carroll said: They didnt give us much to go on, they cannot say when the contracts and packages will be available.I cannot say theyre making good yet, they are making some promises. Time will tell if they will do what they promised to do. The group is scheduled for another sit down in two weeks. LOCAL NEWS T HE TRIBUNE MONDAY, APRIL 11, 2011, PAGE 5 7KH+LVWRU\RI&UHDWLRQ G service by Christmas for BTC consumers WILLIAM CARROLL head of the Bahamas Communications Public Managers Union


By MEGAN REYNOLDS Tribune Staff Reporter HARBOUR Island c elebrity India Hicks raised $25,000 for the Ride for Hope as she cycled 70 milesi n memory of a friend who recently died of breast cancer. Lynne Cleare, 51, an a ctive member of the Harb our Island community long battle with breast canc er ended around three w eeks ago. M s Hicks said they became friends when they were both pregnant at the s ame time and their sons, now 14, have grown up t ogether. Since Ms Cleares death, Ms Hicks has welcomed MsC leares son into her home to help the family find the best thing for him in this time of grief. T he model, photographer, businesswoman and relation to the British Roya l Family, also stepped up h er fundraising efforts for t he Ride for Hope by targeting key donors to con-t ribute to the cause. There are millions of kids who are left without a mother, Ms Hicks said. Children lose mothers. B rothers lose sisters. Com munities lose leaders, teachers, business women. Parents outlive their adult daughters, it is a tragedy on m any levels. The expenses born by these families is crippling. B ahamian women are p articularly vulnerable to b reast cancer as they have the highest prevalence oft he BRCA1 genetic mutat ion that puts women at g reater risk of breast cancer out of any population in the world. Around 25 per cent of B ahamian women diagnosed with breast cancer c arry the defective BRCA1 gene and Ms Cleare was one of them. Screenings Genetic testing and regul ar screenings could prevent breast cancer from d eveloping and Ms Hicks said she could personally attest to this as her mother i s a breast cancer survivor. The funding she raised w ill help cover the cost of cancer-caring centres and treatment programmes in the Bahamas, including the Family Islands Mammo g ram Screening Programme which takes women from Harbour Island, Spanish Wells and Eleuthera to Nassau for m ammograms and breast cancer education free of charge. Early screening is the p roven method in early d iagnosis and leads to dramatically higher survivalr ates after treatment, Ms H icks said. If I can do anything to raise Bahamian womens awareness it could save another friend. My message is don't wait until it is too late get t ested now, get mammograms regularly and be proactive in your fight against this dreadful disease. Ms Hicks cycled 70 miles w ith her friend and busin ess partner Linda Griffin, c o-owner of The Sugar Mill boutique in HarbourI sland, in under six hours o n Saturday. The granddaughter of Lord Mountbatten, the last Viceroy of India, and goddaughter of Prince Charles, the Prince of Wales, said: I am very blessed to havet he life that I have, and liv ing in a small island community in the Bahamas one is very aware of trying tod o as much as one possibly can, so you do try to do your best. LOCAL NEWS T HE TRIBUNE MONDAY, APRIL 11, 2011, PAGE 7 RIDEFORHOPE Harbour Island celebrity raises $25,000 for charity I NDIA HICKS a nd co-owner of the Sugar Mill Linda Griffin completed the Ride for Hope in under six h ours and raised $25,000 for the charity. India Hicks cycles in memory of friend who died from breast cancer


B ySIR RONALD SANDERS (The writer is a Consultant and former Caribbean diplomat) B arack Obama has l aunched his campaign for ree lection to the Presidency of the United States in 2012. In launching his campaign so early, Obama plans on raising a billion dollars. He will neede very cent of it for the financ ial supporters of the Republican Party and the fringe Tea Party are determined to see the back of him. They will spend a large fortune in trying to realize that ambition. But, first, they will have t o decide among themselves w ho their Presidential candid ate will be to run against Obama. The process of reaching that decision will not only eat-up a great deal of their campaign funds, it will leavem uch Republican blood on t he ground. In the meantime, since Obama is expected to win the Democratic Party n omination unopposed, he c an concentrate his funding o n selling his programme prior to the Presidential run-off, and then on selling himself as deserving of a second term. His first term so far has b een anything but a cakew alk. Obama came into office with America involved in two costly wars three, if we count the so-called war on terrorism. Afghanistan and Iraqw ere not only draining Americas treasury, they were haemorrhaging the blood ofA merican soldiers. Neither was popular or glamorous, and American families want out of both. Obama also i nherited the worst US financial nightmare since the recession of the 1930s, and theT reasury was owed more than a trillion dollars that had to be pumped into financial institutions to keep them afloat a nd to pull the economy from the brink of collapse. In the year that followed, t he domestic scene became even grimmer. Unemployment grew, homes were repossessed as banks foreclosed on unpaid mortgages, and doors o f businesses were closed from sea to shining sea. H is plans for a health care scheme, signed into law in March of last year, remainsa n issue among US lawmakers w ho have used it to divide the society. He has also had to compromise on his plans tor einstate tax cuts introduced by his Republican predeces sor, George W. Bush, and to d evelop a working relationship with big business. In respect of the latter developm ent, he has been accused of b eing a tool of these corporations whose influence he had pledged to cut when he was campaigning for the Presidency. B y the mid-term elections last year, Obamas popularity rating had declined considerably and the Democrats lost control of the US Congress. As matters now stand, unemp loyment is still high at 8.8 per c ent with more than 7 million people, who were employed three years ago, now out ofw ork. The economy reportedly grew by 2.9 per cent in 2010 but the country is highly i ndebted at $14.1 trillion with t he single largest holder being China with $1.1 trillion. Its debt to GDP ratio is over 90 p er cent and could rise to over 100 per cent by 2015. In an unprecedented move, the USF ederal Reserve resorted to b uying substantial Treasury securities and bonds to keep i nterest rates low and to avoid more indebtedness to foreign governments. As this commentary is b eing written, the Democrats and Republicans have failed to reach agreement on a Budget for the next fiscal year d espite Obamas personal i ntervention. Failure to reach agreement will leave the government with no money to spend on goods and services for the American people. I t is quite likely that a Budg et will be agreed but it will be o ne with deep spending cuts that will hurt the Obama administration in the run up to the 2012 Presidential elections. Most at risk will be his signa-t ure health care programme t hat the Republicans are resolved to destroy. One of the unspoken factors at least openly unspoken is race. Despite everything that is said. Obama didn ot win the Presidency the f irst time round with an overw helming number of white votes. His support came from blacks, Hispanics and other minorities who voted overwhelmingly for him. It was them and a minority of additional white supporters whog ot him past the tape. The race issue continues to be used by his detractors in many sub-t le ways. One example is the continued questioning of whether or not he was born in America and therefore enti t led to run for the US Presidency. Just recently, Donald Trump billionaire landlord, hotel magnate, television personality, and self-described Tea Partier, who fancies his c hances of being nominated a s a Republican Presidential candidate has suggested that Obama was born in Kenyaa nd that he should make his birth certificate public. T he Republicans have also r ubbished Obamas foreign p olicy positions stating that they put America at risk and are not tough enough on its e nemies or kind enough to its friends. Its pretty certain that if the Republicans were ino ffice, Hosni Mubarak would s till be the President of Egypt and there would have been no u rging by the US administrat ion for him to go as Obama did. Obama is also yet to explain in a credible way why he did not adopt the same attitude to the rulers of Bahraina nd why he turned a blind eye t o Saudi Arabian troops r olling across the border to prop up the Bahrain royal family in the face of street protests, very similar to those in Tunisia and Egypt. B efore Obama came to o ffice he said he wanted an America that is less combative and more cooperative with the rest of the world. Americas foreign policy, he said, should be based on its core valuesi ncluding the pursuit of libert y and the protection rather t han violation of human rights. He argued that this should be achieved by diplomacy rather than military might and by multilateral approaches rather than unilateral action. In particular, he placed high regardo n multinational cooperation through the United Nations. In dealing with Libya, this w as precisely the approach he used and to good effect. But he left himself exposed to his willing supporters and hisw orse critics when he did not apply the same principles in Bahrain and Yemen. Still, Obamas rating with the American people now stands at 49 per cent, a big j ump from the low ratings of f our months ago when the Democrats suffered the biggest losses in mid-terme lections since 1983. The question is can he sust ain it in difficult domestic e conomic circumstances suff icient to make him win in 2012. He has an uphill task before him, and the Republi c ans know it. They are gathering their forces. R esponses and previous c ommentaries at: PAGE 8, MONDAY, APRIL 11, 2011 THE TRIBUNE WORLDVIEW Obama: Second term, tough battle SIRRONALDSANDERS


By THEFREENATIONAL MOVEMENT RECENTLY, Prime Minister Hubert Ingraham reminded the leader of the Opposition that in addition to various n ational issues, the next election will be contested on the core issue of leadership. Issues dont get addressed or problems solved by themselves. Or, by ignoring them as Perry Christie usually does. Confronting our national challenges requires a decisive, competent, hardworking, action-oriented Prime Minister with good judgment and tested leadership. It also demands courage. Mr Christie is overflowing with theatrical passion, endless talk and promises rarely fulfilled. But he runs huge deficits when it comes to most of the qualities needed to lead The Bahamas: He is acutely and hopelessly indecisive. He ran the most incompetent and dysfunctional Government since Independence. His work ethic is shall we s ay, laid back. When the choice is between acting and doing nothing, Mr Christie usually takes a pass on having to do something. It was Perry Christies Government that gave us Bluewater, the Korean boat scandal, a nd the virtual give-away of 10,000 acres at Mayaguana. It was Perry Christies Government that failed to introduce any aspect of National Health Insurance or complete a single major infrastructural project in five years despite a better economy and after borrowi ng $800 million. Perry Christies leadership has been tested and found wanting. It is Hubert Ingraham who concluded the Baha Mar deal with major improvements for Bahamians in terms of significantly more contracts and skills training, as well as reduc ing by tens of millions concession given by Perry Christie and the PLP. When renegotiating the Baha Mar deal with Mr Ingraham, its principals and creditors saw the measure of the man and accepted many of his key demands. In negotiating with Mr Christie they knew that he and the PLP are easily rolled. In terms of decisiveness, competence, hard work, taking action, good judgment and tested leadership, Perry Christie has been Simply the Worst Prime Minister of the Commonwealth of The Bahamas. For many Bahamians, Hubert Ingraham has earned the title, Simply the Best. And, what of courage? Before becoming the President of the United States, John F Kennedy wrote a book on leadership called Profiles in Courage. A student of political leadership and history, JFK knew that electing a leader was not singularly about the issues of the day. Serving as the Chief Executive of a country requires con fronting challenges and mak ing tough and often unpopular decisions. It also involves sometimes challenging ones own citizens and party to do the right thing and to seize the future. Most Bahamians and those PLPs honest with themselves would acknowledge that in a comparison between Hubert Alexander Ingraham and Perry Gladstone Christie, that Mr Ingraham is the more courageous and stronger leader, and, that Mr Christie is the weaker leader. Because Mr Christie always wants to be popular, he end-l essly panders trying to be all things to all people. This is the quality of a contestant for Bahamian Idol. It is not what is needed in a Bahamian Prime Minister. Mr Christies decisions, when he is able to make them, are often determined by the last person to leave ther oom. Mr Christie even found it difficult to ask the scandal-ridden Shane Gibson to leave the cabinet, despite his Ministers questionable actions and the shame and embarrassment he brought to the Bahamas. Indeed he w ent on television with Shane Gibson basically holding his hands and apologising and lamenting his having to leave Cabinet. Thats not the actions of a leader. Were it not for Prime Minis t er Ingraham, tough decisions would never have been made t o finish much-needed road works and installation of utilities, move the downtown Nassau port to Arawak Cay, finally privatize BTC after many years, renegotiate the Baha Mar deal, push through sociall egislation improving equality for various categories of pers ons, and keeping the country together during the worldwide financial crisis. But in addition to courage, Mr Ingraham has demonstrated his compassion for vulnerable and poorer Bahamians. Com passion is measured in action not talk and pretending to hold someones hand and tell them that you feel their pain without removing the causes of their pain. Over three nonconsecutive terms Prime Minister Ingraham has greatly expanded the social security network and enhanced social development in health care, education and housing. It is Hubert Ingraham and the FNM who introduced unemployment benefits and have now expanded the prescription drug benefit programme to civil servants and the countrys security forces. That quality of compassion can be measured by: the 13,000 Bahamians who receive medicine for their high blood pressure, diabetes, cancer, heart condition and depression; the 26,655 persons who received unemployment benefits totaling some $30.3 million since 2009; T HE TRIBUNE MONDAY, APRIL 11, 2011, PAGE 9 The Mercedes-Benz C-ClassYour most enjoyable drive ever.The Mercedes-Benz C-Class is a pleasure tobehold offering a new interpretation of driving pleasure. Its taut lines lend it an air of effortless superiority while the wide radiator grille and distinctive rear section announce a vehicle with a real presence and dynamic personality. Few cars can compete with its ability to adjust so many facets of its character from the interior to the drive technology so quickly and precisely in response toexternal conditions and your own particular needs. The key to this flexibler esponse is the standard-fit Agility Control Package which includes selective damping. The interior offers noticeably more space and a more distinctive atmosphere tosuit your taste. As you will see, the C-Class is the perfect embodiment of the Mercedes-Benz philosophy.Tyreflex Star MotorsWulff Road, P. O. Box N 9123, Nassau, The Bahamas, Tel 242.325.4961 Fax 242.323.4667OUR PARTS DEPARTMENT IS FULLY STOCKED WITH EVERY COMPONENT NECESSARY TO ENSURE THAT YOUR MERCEDES RUNS TROUBLE FREE. TRAINED TECHNICIANS ON DUTY. Being Prime Minister requires courage! C OMMENTARY S EE page 11 P ERRYCHRISTIE


L OCAL NEWS PAGE 10, MONDAY, APRIL 11, 2011 THE TRIBUNE to two essential facts: The Tribune along with its sister website Tribune242 is by far the Bahamas' number one source for news, business, editorials and opinion pieces, sport and features, in print and online. The Tribune is the best platform to meet every kind of advertising need. The Tribune, the people's paper, is the biggest and the best. on Matthew Street, immediately after the incident. The crowd of men and women was said to have threatened to burn the house down with all occupants inside,w hich included several small children. The resident said: A social was going on around the corner. I heard the music, then I heard four shots and the music s topped. In a minute, the mob w as to the house. The resident added: They started throwing rocks at the house, breaking up the windows and shouting threats. I called the police because I wasv ery concerned, there were a l ot of children in there. The shooting victim is in serious condition at hospital after he was shot in the face shortly after 11.35pm on Friday. According to police, the vict im was approached by a man w ho was known to him and a rmed with a handgun. T he resident said: They s aid, If (victim are going to burn this house down with all of yall in here dont go to sleep in this houset onight. It was reported that the mob continued to shout their threats as police searched the house that evening for the man b elieved to be involved in the shooting. T he resident added: The police searched the house but didnt find (culprit the police left the people who live in the house, they all left. The car had so many persons in it, it could hardly drive off. Less than five hours later, the resident said she awoke to find the wooden structure engulfed in flames. The resident said: Those people lost everything. They left in such a hurry, they didntt ake anything with them when they left. Now all their belongings are destroyed. According to fire services, t he fire started at 3.32am. Police are investigating. Meanwhile, police are investigating two other shoot-i ngs which occurred on Friday. Shortly before 10pm, two relatives were hit by bullets as they were driving through Thompson Lane off East S treet. According to police, the m an and woman were stopped by another family member when gunshots were heard. As a result, the woman received gunshot injuries to her hip, and the man was shot in his chest. Police were later called to a shooting at John Road, off Hospital Lane. Shortly before midnight, a 31-year-old Wilson Tract man was shot in his lower back and right leg after he was approached by ana rmed man in a black hooded jacket. The victim was said to be with a group of males when he was approached by t he gunman. Brown might reveal how he got the job in the first place, Minister Laing said. While there has been many theories put forward for the reason for Mr Browns termination from the Freeport News, Mr Laing said Mr Brown might consider what value he actually added to the paper while he was there, besides using it to spew his venom on those who did not give him his wishes. Which brings me to the second reason why he seems to hate me so. Some time ago, Mr Brown approached me about his need to get out of the country to clear his head and wanted Prime Minister Ingraham to give him an appointment in either Washington, DC, or Canada as a diplomat, an ambassador. I heard him, of course, but I believe for reasons now proven justified, the PM clearly did not agree to such a thing. So, in Mr Browns now twisted logic, Mr Ingraham and myself, owed him something or denied him something he desperately needed. Now like a dog returning to vomit, he is wallow ing in the PLPs muck, trying venomously to disparage me, the FNM and the Prime Minister. All I can say is PLP beware! Good riddance to Mr Brown. Any man who could act so vexatiously double-minded is trouble to have as a supporter to begin with, ask the late former Prime Minister, Lynden Pindling. And no matter what he says about me, I want to make it clear, he has never given me anything, and unlike him, I have never asked him for anything and today, there is nothing I could want from him to add one iota to my life. I trust that the present torment that his venge ful heart has soon finds comfort in a higher source than his new-found political mission. He might consider why someone with what he believes to be such exceptional journalistic skills could not find a place now here in the Bahamas or in the place of one of his citizenships, the United States of America. No matter how he tries to justify it, one thing was revealed by his recent letter to the editor about why he now supports Perry Christie, after brutalising him in writing so often over the years, Oswald Brown is for Oswald Brown. As one very astute young person said to me, I notice inr eading that very long letter that Browns reason for leaving the PLP first, then joining the FNM and now going back to the PLP was not about any principled situation; it was only about his selfish desires. In a sense its like a woman spurned. I could not have said it better myself, Mr Laing said. FROM page one Tribune rise FROM page one LAINGS ONLINE LETTER Nassau Village home burned down as revenge for shooting FROM page one


AJDABIYA, Libya Associated Press L IBYAN REBELSsaid NATO airstrikes on Sundayh elped them drive Moammar Gadhafi's forces out of a hard-fought eastern city that is the gateway to the opposi-t ion's stronghold. Four airstrikes largely stopped what had been heavys helling of Ajdabiya by government forces, rebel battlefield commander and s pokesman Col. Hamid Hassy s aid. NATO's leader of the operation said the airstrikes destroyed 11 tanks near Ajd-a biya and another 14 near Misrata, the only city rebels still hold in the western half of L ibya. H assy said Gadhafi's forces f led the western gate of Ajdabiya and by mid-afternoon h ad been pushed back about 40 miles (60 kilometers of the city. However, sporadics helling could still be heard a round western Ajdabiya. Mohammed Idris, the supervisor of the hospital in Ajdabiya, said 38 people died in the fighting over the weekend, including 20 Gadhafif ighters and three rebels killed Sunday. The main front line in L ibya's uprising runs along a highway on the country's northern Mediterranean coastt hat leads out of the rebels' d e facto capital of Benghazi in the opposition-held eastern half of the country andt oward the regime's western s tronghold in the capital Tripoli. Of f ensiv e G overnment forces are trying to regain territory lost to the opposition, which wants t o topple Gadhafi after more than four decades in power. The Gadhafi loyalists haveb een pounding Ajdabiya in t heir most sustained offensive since being driven back west by international airstrikes last m onth. If Gadhafi's forces took the city, they would have a clearp ath to Benghazi, Libya's sec ond largest city about 100 miles (160 kilometers along the coast. "If he controls Adjabiya, he makes us feel like we are unsafe because he can move anywhere in the east," Hassy said. The rebels claimed success as South African President Jacob Zuma and the heads of Mali and Mauritania arrive in Tripoli to try to broker a cease-fire. Gadhafi has ignored the cease-fire he announced after western airstrikes were authorized last month, and the government has rejected the rebels' con ditions for a stop in fighting. Rebels had been growing critical of NATO, which acci dentally hit opposition fighters in deadly airstrikes twice this month. They have complained that the alliance was too slow and imprecise, but Hassy said it is getting better. "To tell you the truth, at first NATO was paralyzed but now they have better movement and are improving," he said. NATO is operating under a U.N. resolution authorizing a no-fly zone airstrikes to protect Libyan civilians. The airstrikes, initially conducted under U.S. leadership, helped knock Gadhafi's forces back just as they were at the doorstep of Benghazi. The commander of the NATO operation, Canadian Lt. Gen. Charles Bouchard, stressed in a NATO state ment that the point of the airstrikes was to protect civil ians, not to work hand-inhand with the rebels. "The situation in Ajdabiya, and Misrata in particular, is d esperate for those Libyans who are being brutally shelled by the regime. To help protect these civilians we continued to strike these forcesh ard," Bouchard said. NATO noted that is enforci ng the no-fly zone on both s ides, having intercepted a rebel MiG-23 fighter jet that it forced back to the airport Sat-u rday. In Ajdabiya, shelling could b e heard from the hospital in t he central part of the city S unday afternoon. I n the embattled city of Misrata, the lone rebel outp ost in the west of the coun try, residents said shelling continued Sunday, killing onea nd wounding two others serio usly. "We woke up at 7 a.m. from the tank fire," said a doctor working at the local hospital who spoke on condition of anonymity for fear ofr eprisal. Libya's third-largest city has been pounded without cease for more than a month by Gadhafi's heavy weapons, but the rebels have managed to h old out. T he apparent surge in ground fighting could add urgency to the latest peacei nitiative. Envoys from the African Union planned talks with Gadhafi in Tripoli and r ebels in Benghazi during a two-day visit beginning Sun day. An official from the A frican bloc, Khellaf Brahan, said its proposals call for an immediate cease-fire, open ing channels for humanitarian aid and talks between the rebels and the government.B ut Gadhafi has insisted he won't step down, while rebels and much of the international community, including theU nited States, are bent on seeing him go. In an interview Sunday with CNN, former British Prime Minister Tony Blair said the objective should be to change the regime. We've got to keep in our minds, you know, what is our strategic objective," he said." It is to get a different form of government in place in which the people of Libya decide the future of Libya." Helicopters In the capital Tripoli, the deputy foreign minister claimed government forces shot down two U.S.-built Chi nook helicopters being used by rebel forces in the east of the country. Khaled Kaim said the heli copters were shot down near the eastern oil facilities of Brega a key objective of rebels and accused NATO commanders of a double standard, allowing rebel forces to operate aircraft in "clear violation" of the no-fly zone. "We have a question for the allied forces is this resolution made for the Libyan government only or everyone in Libya?" he asked. The report could not be confirmed with the rebels, but journalists in the area did describe seeing at least one helicopter apparently fight ing for the rebels in the area Saturday, though it lacked the distinctive double rotor design of the Chinook and appeared to be a Russianbuilt model. Rebels took a few aircraft from the government when some air force units defected in the east of the country. Most aircraft held by either side are Russian-made, though the Directory of World Air Forces from 2008 says Libya had 20 Chinooks, which are used primarily for transport and heavy lifting. The government's air force has been effectively grounded since airstrikes began. I NTERNATIONAL NEWS PAGE 14, MONDAY, APRIL 11, 2011 THE TRIBUNE Libyan rebels say strikes help them hold town A LIBYAN REBEL r iding on a pickup truck shouts that pro-Gadhafi forces have been driven out of the city as he rides past other rebels on the o utskirts of Ajdabiya, Libya Sunday, April 10, 2011. Libyan rebels said NATO airstrikes on Sunday helped them drive Moammar Gadhafi's forces out of the hard-fought eastern city of Ajdabiya that is the gateway to the opposition's stronghold. (AP


CAIRO Associated Press I N THEfirst remarks since his ouster, former Egyptian President Hosni Mubarak denied he abused his authority to amass wealth and property in a speech broadcast Sunday,a s hundreds of protesters occupying the heart of Cairo shouted for him to be brought to trial. Mubarak, forced out of office two months ago by a popular uprising, said he wasw illing to cooperate in any investigation to prove that he did not own property abroad or posses foreign banka ccounts. Shortly after Mubarak's prer ecorded speech was aired, Egypt's prosecutor general told state TV he issued orders Sun-d ay summoning the ex-president and his two sons for questioning. The station quoted a prosecution spokesman as saying the scope of the investigation of Mubarak and his sons wouldi nclude the crackdown on protesters that killed an estimated 300 people as well as the corruption allegations. Holding Mubarak and top officials in his government a ccountable for the violence is a central demand of antiMubarak movement. The pan-Arab news channel A l-Arabiya, which broadcast the speech, said it was record-ed Saturday, a day after d emonstrators gathered in h uge numbers in Cairo to demand that the military council that took over from M ubarak launch an investiga tion into his wealth. There was no video image accompanying the recording of Mubarak's v oice. The speech seemed to be as m uch about preserving his dign ity as about denying the accu sations against him. "I was hurt very much, and I a m still hurting my family and I from the unjust campaigns against us and false alle gations that aim to smear my reputation, my integrity, my (political itary history," Mubarak said. E gyptians fed up with pover ty, corruption and political repression forced Mubarak tol eave office on Feb. 11 after 18 d ays of mass demonstrations. Friday's protest in Cairo's Tahrir Square by tens of thous ands was the biggest since then. Despite constitutional amendments to allow free elec t ions and other steps toward a freer political scene, many of people in the anti-Mubarakm ovement are growing impatient with the ruling military's transitional leadership and skeptical of its pledges to meet all demands. Trust between the military and the reform movement suf fered a serious setback after Friday's demonstrations when soldiers stormed their protestcamp in the middle of the night, killing at least one per son and injuring 71 others. That increased calls for the resignation of the head of the military council running the country, Defense Minister Field Marshal Hussein Tanta wi, a Mubarak appointee. It a lso spurred protesters to retake Tahrir Square, shutting down traffic in the heart of the c ity. O n Sunday, hundreds r emained barricaded there behind barbed wire and burned-out troop carriers. Since his ouster, Mubarak and his family have been underh ouse arrest at a presidential palace in the Red Sea resort of Sharm el-Sheikh, their assets frozen. But Mubarak has not been charged. In his speech, the former p resident said he only poss essed a single account in an Egyptian bank and only held property in Egypt. He said hew ould agree in writing, if requested, to allow the prosecutor-general to contact other c ountries to investigate whether he or his wife, Suzanne, owned any accounts or property abroad. I agree to authorize the prosecutor-general in writing to allow him to contact, t hrough the Foreign Ministry, all countries in the world to prove to them that I and myw ife agree to show any a ccounts or properties I have possessed starting from my mil i tary and political career until now to prove to the people that their former president o nly owns domestically accordi ng to previous financial disc losure." Egyptian prosecutors traveled to Europe last week as part of the investigation. Sunday's summoning for q uestioning was the first to include accusations about Mubarak's role in the violence against protesters. Mubarak also said he would allow Egypt's prosecutor gene ral to investigate whether he, h is wife or his wealthy businessmen sons, Alaa and Gamal, owned any real estateo r properties "directly or indirectly, commercially or for private use" since the time M ubarak assumed office in 1981. Mubarak's alleged improper dealings range from giving top o fficials and tycoons preferen tial treatment in land contracts, to selling state industries at a f raction of their value during Egypt's privatization process since the early 1990s, andh anding out other perks that l et his allies build their wealth exponentially. INTERNATIONAL NEWS T HE TRIBUNE MONDAY, APRIL 11, 2011, PAGE 15 New Offering March 2011 Subscribe for Shares inCommonwealth Brewery LimitedInitial Public Offeringof$62,475,0007,500,000 Ordinary Shares Minimum Subscription $833.00 for 100 shares at $8.33 per share Offer OpensMonday March 21st, 2011Offer ClosesFriday April 15th, 2011Offering Memorandum & Subscription form available from all locations of:Royal Fidelity, RBC Royal Bank, RBC FINCO, &Fidelity Bank or downloaded from:www.royaldelity.comFinancial Advisor & Placement AgentFor further information call:1.242.356.9801Read the Offering Memorandum and consult a nancial advisor before investing. Egypts ex-president denies abuse of power F ORMER E gyptian President Hosni Mubarak. (AP


By NEIL HARTNELL Tribune Business Editor THE skys the limit for Scotiabank (Bahamas its 711 employees, the banks outgoing managing director said late last week, pinpointing the major achievement during his three-year tenure as being the creation of a cohesive and able management team. Arguing that the commercial bank was well-posi tioned to exploit and leverage a recovering Bahamian economy into improved profits, Barry Malcolm said that 37 of Scotiabank (Bahamas management team had been appointed to their current posts since he took office. Explaining that he joined Scotiabank (Bahamas three-year contract which he would not renew, and would step down with effect on May 31, 2011, Mr Malcolm said that before taking charge of the banks daily operations he had held a seat on its Board. He added that he joined at a time when there was a By NEIL HARTNELL T ribune Business Editor SCOTIABANK(Bahamas p lan for the expansion of its retail branch network in place, its outgoing managing director said last week, as its delinquent loan portfolio remains in line with Bahamian commercial banking industry trends. B arry Malcolm, addressing the media after announcing that he was stepping down as Scotiabank (Bahamas director with effect from May 31, 2011, said the branch expan sion programme should be seen as an indication of the banks confidence in the Bahamian economy and its medium to longterm prospects. Certainly, within the last year we have worked really hard o n how best and where to expand the branch network in the country, he confirmed. We have approved and agreed a plan for expansion of the b ranch network in the country, which will be as clear an indi cation of the confidence the bank has in the economy and the country. Mr Malcolm declined to disclose how many extra branches, and their locations, that Scotiabank (Bahamas nor the pace of their roll-out. H owever, one Bahamian banking industry source said he understood one branch was to be located on Carmichael Road,e nabling Scotiabank (Bahamas services to what is the fastest-growing area, in population terms, in the Bahamas. It is also understood that the bank may be eyeing eastern New Providence, in the Prince Charles Drive area, as another branch location, an area that Commonwealth Bank has recently moved into. Speaking of his three-year tenure at Scotiabank (Bahamas a period in which the whole Bahamian commercial banking sector has had to weather one of the worst economic downSECTIONB MONDAY, APRIL 11, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.23 $5.21 $5.23 CLICOs $40-$50m key asset recovery By NEIL HARTNELL Tribune Business Editor CLICO (Bahamas tors are likely to recover between $40-$50 million from the sale of the real estate development accounting for 63 per cent of its total assets,t he insolvent insurers liquidator having signed an agreement for the $10 million sale of one-fifth (20 per cent of its acreage. Tribune Business can also r eveal that Craig A. Tony G omez, the Baker Tilly Gomez accountant and partner, is also in negotiations w ith another potential buyer to sell the remaining 400-plus acres of the Wellington Pre-s erve project for a similar per acre price. This is likely to value this deal at between $40$50 million. Although Mr Gomez declined to comment when contacted by Tribune Busi-n ess, pointing out that he was still gagged from publicly speaking about the liquidations progress by the Bahamian Supreme Court, sources familiar with develo pments told this newspaper: Things are moving. Ultimately, Mr Gomez is likely to realise between $50-$ 60 million in gross proceeds from the sale of Wellington Preserve, should he be successful in closing the two existing deals before him.O nce administrative expenses and closing costs are deducted, the balance will then be available for distribution to Wellington Preserves creditors, the largest of which is C LICO (Bahamas c ent-owned affiliate, CLICO Enterprises. Yet CLICO Enterprises r anks only fourth on the list of Wellington Preserves creditors, with some $7.056 million worth of claims lying ahead of it. Once these are deducted from the sales process pot, it i s likely that somewhere b etween $40-$50 million will be upstreamed from Wellington Preserve to CLI* Bahamian liquidator signs deal to sell 20% of key asset for $10m In talks with another buyer to dispose of remaining 420 acres at project accounting for 63% of insolvent insurers assets Bahamian creditors likely to recover b etween 54.8% and 68.5% of $73m owed SEE page 5B CRAIGGOMEZ By NEIL HARTNELL T ribune Business Editor THE C ourt of Appeal has overturned a SupremeC ourt verdict that found the compulsory acquisition of land to facilitate the $1.4 bil-l ion Albany project uncons titutional, branding that r uling untenable since it would create commercial n onsense. Upholding the appeal by the Attorney GeneralsO ffice against the original verdict by Justice Cheryl Albury, Appeal Court president Anita Allen said the f indings would seriously c urtail the Governments ability to use funds provided by private developers for f inancing economic devel opment involving compulsory land purchases. S ection 6 (1 A cquisition of Land Act states that whenever the responsible minister deems t hat a certain parcel of land is required in the public interest, no Notice of thisi ntention can be published Commercial nonsense on Albany land acquisition Court of Appeal overturns untenable Supreme Court ruling over compulsory purchases for $1.4bn project Says previous finding would seriously curtail economic development B y NEIL HARTNELL Tribune Business Editor TOP Bahamian investment bankers have backed c alls for enhanced protection for minority shareholders to be extended to all private companies w ho solicit investors via Private Placement Memo randums (PPMs the provision of audited financial statements. Owen Bethel, head of Nassau-based Montaque G roup, urged all public and private companies w ith minority investors to assess their corporate governance and maintain positive relationships with all shareholders, arguing that all equity hold ers should have access to data on their investments performance. And Kenwood Kerr, Providence Advisors chief e xecutive, agreed that to maintain the integrity of the market there needed to be adequate discloT op bankers back calls for gr eater investor pr otection OWEN BETHEL KENWOOD KERR SEE page 6B S EE page 4B SCOTIABANK AGREES BRANCH EXPANSION Delinquent loan portfolio in line with sector average BARRYMALCOLM SEE page 5B SKYS THE LIMIT FOR SCOTIABANK Outgoing chief says building cohesive and able management team top achievement SEE page 6B


B USINESS P AGE 2B, MONDAY, APRIL 11, 2011 THE TRIBUNE By ROYALFIDELITY CAPITAL MARKETS I T WASa busy week of t rading in the Bahamian stock market. Investors traded in 11 out of the 24 listed securities, with two advancers and three decliners. E QUITY MARKET A total of 137,860 shares changed hands, representing a decrease of 40,427 shares compared to the previous week's trading volume of1 78,287. B ank of the Bahamas ( BOB) was the big advancer, trading a volume of 35,460 shares to see its stock price climb $0.18 to close at $5.46. C ommonwealth Bank ( CBL) was the volume leader, t rading a volume of 51,700 shares to see its share pricei ncrease by $0.04 to close at $6.93. A ML Foods (AML a volume of 15,000 shares to c lose unchanged at $1.19. Colina Holdings (CHL traded a volume of 26,500 shares to close unchanged at $2.55. FOCOL Holdings (FCL traded a volume of 13,000s hares to close unchanged at $5.48. First Caribbean International Bank (CIB decliner, trading a volume of 3 ,000 shares to see its share price fall by $0.55 to close at $ 8.75. Cable Bahamas (CAB traded a volume of 6,000 shares, its stock decreasing by $0.15 to close at $8.75. Finance Corporation of the Bahamas (FIN ume of 5,000 shares to see its share price decrease by $0.47 to close at $6.78. B OND MARKET F idelity Bank Bahamas Series D Notes (FBBSD t raded a volume of $154,000 notes at par value. Fidelity Bank Bahamas S eries A Notes (FBBSA traded a volume of $2,000 notes at par value. COMPANY NEWS Earnings Releases: There were no earnings r eports released last week. AGM Notice: Commonwealth Bank (CBL A GM will be held at SuperClubs Breezes on May 18, 2 011, at 5pm. Dividend Notes: Colina Holdings (CHL declared a dividend of $0.16 per share, payable within 10 days of record date April 14, 2011, to all ordinary shareholders. Doctors Hospital Health S ystems (DHS a dividend of $0.02 per share, payable on April 28, 2 011, to all ordinary shareholders of record date April 14, 2011. ROYALFIDELITY MARKET WRAP EQUITY MARKET TRADING STATISTICS Week ending 01.08.11 BISX SYMBOLCLOSING PRICEWKLY PRICE CHANGEVOLUMEYTD PRICE CHANGE AML$1.19$-15,00022.68% BBL$0.18$-00.00% BOB$5.46$0.1835,46011.43% BPF$10.63$-00.00% BSL N/A$-00.00% BWL$2.70$-00.00% CAB$8.75$-0.156,000-16.35% CBL$6.93$0.0451,700-1.00% CHL$2.55$-7,2006.25% CIB $8.75$-0.553,000-6.82% CWCB$2.09$-0.07014.21% DHS$1.40$-0-12.50% FAM $5.22 $0 -14.00% FBB $ 1.96$-0-9.68% FCL $5.48 $0.00 13,000 0.37% F CLB$1.00$-00.00% FIN$6.78$-0.475,000-6.22% ICD $7.30$-1,500-1.35% JSJ$9.82$-00.00% PRE $10.00 $-00.00% SEE page nine


BUSINESS T HE TRIBUNE MONDAY, APRIL 11, 2011, PAGE 3B :,//%(&/26(' $118$/&.7$.,1* 'URQDOGDWWHUVRQFH$GYDQFHG)HUWLOLW\ 2EVWHWULFVt *\QHFRORJ\$QQRXQFHVLWV ORFDWLRQDWWKH 6KLUOH\WUHHWOD]D DERYH %HWWHU%RGLHV*\P7 )D[ Bahamian island for sale at $22m A BAHAMIANprivate island in the Exumas chain h as been listed for sale for $22 million. According to the W all Street Journal, the sellers are Steve and Patrick Harrington, two Miami-based brothers. The island, which includes a 4,000-square-foot-house, has two miles of coastline and 145 acres of land, the newspaper said. It is five minutes by boat from Great Exuma, and i ncludes the likes of David Copperfield and Tim McGraw and Faith Hill as neighbours and fellow private island owners. The brothers, who purchased the island in 2006, said they are selling to finance the development of several other islands. "We've taken an investment-bankinga pproach to buying up trophy properties in the Bahamas," they said. By NEIL HARTNELL Tribune Business Editor B AHAMIANbank and trust companies will start to face enhanced capital adequacy requirements from 2013 onwards, the CentralBank of the Bahamas has warned, as this nation movest o implement the enhanced B asle III accords promoted by the Bank for International Settlements (BIS The banking industry regu lator, in its quarterly April l etter to senior industry executives, said an additiona l requirement that may be s et is for institutions to maintain a minimum 3.5 per cent ratio of common (equity) shares to total riskw eighted assets from Janua ry 1, 2013, onwards. Urging all Bahamas-based i nstitutions under its regulatory supervision to famili arise themselves with the i mpending global capital a dequacy standards, the C entral Bank said: Thereafter, this ratio is expected to i ncrease by 0.5 per cent each year, inclusive of January 1, 2015. Firms should be aware that a minimum 4.5 per cent m ight be required by January 1, 2013, for total Tier 1 capital to total risk-weighted assets, increasing by 1 per cent each year thereafter to a minimum 6 per cent by January 1, 2015. We are currently exam i ning the suitability and implication of these reforms, particularly the new capitals tandards pertaining to com m on equity, for the Bahamas with a view to making any n ecessary amendments to achieve conformity. While the Bahamian b anking and trust company i ndustry is still operating under Basle I, the Central Bank warned that the new standards were moving towards a substantial strengthening of existingc apital requirements. These capital reforms, together with the introduction of a global liquidity standard, are driven by key lessons of the global finan-c ial crisis. They have resulte d in recent amendments to principles under Basle II (now called Basle IIIw e are moving towards implementing in the Bahamas, to increase theq uality, quantity and inter n ational consistency of capi tal, to strengthen liquidity standards, to discourage excessive leverage and risk taking, and reduce procyclicality. Elsewhere, the Central B ank said that among revis ions to its corporate governance guidelines was the requirement that the top two senior executives at oneo f its licencees do not serve as independent, non-executive directors at other Bahamas-based financiali nstitutions. It has also expounded on the requirement thatc ompliance officers and money laundering reporting officers be independent and free from influences that i mpair their ability to perform objectively. Senior management should not be a ppointed to these posts, and these officers should have direct access to theB oard of Directors or group c ompliance. The Central Bank added that progress continued to be made on its risk-based s upervision framework that w as launched in December 2010, with the roll-out across the first group of 12 higher impact firms now largely finished. The second phase of the roll-out began in Febru-a ry, with another group of 1 2 institutions involved. And the regulator said it was still working to extend the stress-testing model toi nclude liquidity and interest rate risk, along with credit risk. Despite some initial i ssues with the accuracy of the maturity-wise analysis and interest rate sensitivityr eporting received from the commercial banks for the quarter-end December 2010, e fforts are ongoing to ensure t he integrity of data with the issuance of amended forms and guidance, the Central B ank said. We will also be considering extending the stress-t esting framework for intere st rate and liquidity risks, developed for the commercial banks, to the international firms. Banks warned on capital adequacy WENDYCRAIG Share your news The Tribune wants to hear from people who are m aking 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 a nd share your story.


unless the compensation to be paid for such land is to be paid out of the public revenueor out of the funds of some statutory corporation. Justice Albury, in her ruli ng, found that a clause in t he Albany Heads of Agreement, namely that the developers (Park Ridge Securities w ould finance the Governments compulsory purchase of land in southwestern New Providence from seven to eight landowners, was ultra vires the Act and unconstitutional because the funds were coming from private, not public, sources. This, in turn, meant the c ompulsory acquisition notice was null and void, and without legal effect, as were all other government actions relating to the case. The Court of Appeal, too, found there was no dispute that the financing for the land purchases was to come f rom Park Ridge Securities, t he vehicle used by Lyford C ay billionaire, Joe Lewis, a nd golfers Tiger Woods and E rnie Els, to develop A lbany, in accordance with the Heads of Agreement signed with the Government. H owever, the legal interpretations differed significantly. Attorneys for the landowners, Cedric and K halil Parker, pressed the C ourt of Appeal to find that t he Act means that public p urposes must be supported by public money in that it makes it a condition precedent to a compulsory acquisition, that public and not private funds are used to pay compensation. M r Parker had suggested that this provision was to prevent the corrupt marriage o f private wealth and execut ive power. Y et President Allen and her fellow appeal judges rejected this argument, find i ng that Section 6 (1 meant that before the acquisition notice was published, the Government had to havet he funds required to purchase the land ready for payment. In the premises, the finding of the learned judge that such an arrangement fell afoul of Section 6 (1 Act, that it was ultra vires the constitution, and that the Notice of Intending Acquisition was null and void, and without legal effect, is untena ble, the Court of Appeal r uled. Indeed, all public revenue e manates from a private s ource, be it from taxpayers o r foreign investors, and to interpret Section 6 (1 Act in the way she did wouldm ake commercial nonsense, and seriously curtail the Governments ability to fund from private sources any econ omic development which i nvolves the compulsory a cquisition of land. T he compulsory acquisition of the southwestern New Providence land, which was privately-owned by Bahamian citizens, has aroused controversy due to questions over whether it is b eing done for a truly public purpose. Under the 2002-2007 C hristie administration, the r oad re-routing around A lbany was also designed to provide the main transporta tion link to its plannedC lifton port for commercial shipping. However, the Ingraham administration in 2007 abandoned the Cliftonp ort plans, instead focusing on Arawak Cay, and no longer needed the re-routed r oad for the port. As a result, questions surfaced over whether the compulsory land acquisitions were being effected merely to benefit a private developer, and a wealthy, deep-pocketed one at that. The Court of Appeal itself noted that t he Governments director o f investments, in May 5 and M ay 23, 2008, letters to the i mpacted property owners, s aid the compensation offers w ere being made because their lands were needed as part of a Road Swap Agree-m ent between the Government and Albany developers. Elsewhere, the Court of A ppeal also overturned the S upreme Courts finding that t he Government did not s how reasonable justification for the consequent hardship caused to the landowners, thus breaching the constitution. Agreeing that she could not reasonably have come to t hat conclusion on the basis of evidence before the Supreme Court, the Appeals C ourt noted that if the two p arties could not agree a purc hase price for the compulsory acquisition, the lands value and sum paid would bed etermined by the Supreme Court. The Court of Appeal found that after the Noticeo f Acquisition and vesting declaration were published, there was no attempt to e ither agree compensation or to have the same assessed by the Supreme Court. Unable to accept the argument that the landowners constitutional rights were violated by the Governments failure to apply for Supreme Court assessment, t he Court of Appeal noted t hat either party could do t his. As a result, the l andowners could not say t heir constitutional rights w ere infringed. It seems to me that before the respondents maya pply for constitutional relief for infringement of a right under Article 27 of the constitution, there must be evid ence that there was no a greement to purchase, and t hat there was an assessment d one by the Supreme Court in accordance with section 15 of the Act, President Allen ruled. Then, and only then, would time begin to run relative to the payment of compensation, and the t imeliness and adequacy of any compensation, become relevant. T he one area in which the l andowners were backed by t he Court of Appeal was when it found that the Supreme Court fell in gravee rror by ruling that they were barred from challenging the acquisition from 30 days after the acquisitionn otice was given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ommercial nonsense on Albany land acquisition F ROM page one


CO (Bahamas a lent to between 54.8 per c ent and 68.5 per cent of the $73 million invested in the project via CLICO Enterprises. While this sum may seem far short of 100 per cent r ecovery for the insolvent i nsurers Bahamian creditors, Mr Gomez has been hampered by the depressed state of the Florida and US real estate market, due to the credit crunch and subsequent recession. While he could a rguably hold out for a better deal, this would postpone achieving a successful sale -and recovering anything for creditors for many years. D etails of the potential W ellington Preserve sales, a rguably the most critical development towards providing some semblance of substantial recovery for CLI-C O (Bahamas ers and creditors, were contained in the Chapter 11 reorganisation plan for W ellington Preserve that was f iled last week by Mr Gomez in the Florida courts. Documents obtained by Tribune Business from the south Florida district bankruptcy courts revealed thaton April 4, Mr Gomez signed a n agreement to sell a 102.74acre Wellington Preserve land parcel to Zacara Farm LLC, a Delaware-incorporated company, for $10 million. This prices the projects r eal estate at around $ 100,000 per acre. While the sales agreement does not identify the beneficial owners of Zacara Farm,i t notes that the purchase price will drop from $10 million to $9.5 million if Mr Gomez is unable to negotiate a land swap agreement with existing Wellington Pres erve property owners. He is a ttempting to exchange land elsewhere in the project for their existing properties, so that Zacara Farm will be able to acquire one complete bloc of land. Zacara Farm has already p aid a $500,000 deposit, and the agreement envisages that the deal be completed between 90-100 days from the April 4, 2011, signing. That means CLICO ( Bahamas) and its creditors c ould receive the first serious infusion of liquid cash into the liquidation estate by this summer. A s for the remainder of Wellington Preserve, the Chapter 11 reorganisation plan said: The debtor [Wellington Preserve] is presently engaged in negotiations with Michael B. Collins and/or his assigns for the sale of its remaining real estate -4 20.841 acres of land in the v illage of Wellington, Florida. While no purchase price was disclosed, given that Mr Collins is seeking to acquire roughly four-fifths of the development, or acreage fourt imes greater than Zacara Farms, it would be reasonable to assume that a sum of between $40-$50 million is being discussed, especially g iven the $100,000 per acre benchmark. W hen it comes to CLICO (Bahamas of Wellington Preserves creditors, it is among the fourth group in line. There are some $4.597 million worth of priority claims at the top of the queue, mainly demands by Palm Beach County and the Internal Revenue Service (IRS allegedly unpaid taxes. P alm Beach County is c laiming it is owed just over $4 million, and the IRS some $522,247. Then comes Brennan Financial and its $1.445 million claim. Mr Gomez reached an agreement to set-t le the dispute between the liquidation and Brennan, which saw the latter obtain permission to file a competing plan for Wellington Pres erves dissolution, and part of the deal was to move the c ompany to the front of the queue as a secured creditor. Classes two and three involve some $1.13 million worth of claims from service providers to Wellington Preserve, and then comes CLICO Enterprises. The Bahamian-incorporated subsidiary of CLICO (Bahamas $73 million, some 90.2 per cent of the total claims madea gainst Wellington Preserve. T he Florida-based real estate projects sale is one of two key objectives Mr Gomez must accomplish to really get the ball rolling on CLICO (Bahamas tion. The other is to obtainI nsurance Commission and Supreme Court approval for the sale/transfer of the insolvent insurers remaining policy portfolio to another carrie r, likely Colina Insurance Ltd. That, too, is thought to s till be progressing, albeit slowly. Once these two objectives are accomplished, Mr Gomez will likely be able to glimpse the liquidation processs end, although a considerable road will remain to be travelled. BUSINESS T HE TRIBUNE MONDAY, APRIL 11, 2011, PAGE 5B t urns in living memory, Mr Malcolm said the dramatic rise in loan delinquency and how the bank managed it had been a big, big challenge. Just look at what has happened in banking g enerally over the last three years since August 2008, Mr Malcolm said, noting that growing Scotiabank (Bahamas ness portfolio had also proven an enormous challenge given the extended and protracted downturn. A cknowledging that the prevailing economic e nvironment had put pressure on the loan portfolios of all banks, Mr Malcolm explained: A big focus for us is how do youm anage the portfolio in such a way that youre sensitive to customers, while protecting the position of the bank. We continue to managev ery aggressively this challenge. When questioned by Tribune Business, Mr Malcolm said Scotiabank (Bahamas arrears were trending in line with the Bahami a n commercial banking industrys averages. A t end-January 2011, the sector had some 19.1 per cent of total outstanding credit some $1.198 billion in arrears, with loans 31-90 days past due accounting for 8.3 per cent of all outstanding credit, and non-performing loans 10.8 per cent. Our portfolio delinquency is trending simi lar to industry average, but were seeing signs that it is moderating rather than increasing, Mr Malcolm said. Finally, delinquencies ares tarting to moderate a bit. He added that the turn in the Bahamian and world economies, which he was now starti ng to see, would hopefully become more p ronounced. Keeping the delinquent loan portfolio in check was a really challenging thing to accomp lish in this environment of an economic downturn, loss of jobs and increasing unemployment, Mr Malcolm added. Now, thank-f ully, were beginning to see the turn, which augurs well for the bank. As we move out of it, what we define as n ormal will be different from what it was in 2008, but the good thing is there are finally some signs of turn, which is a good thing. F ROM page one SCOTIABANK AGREES BRANCH EXPANSION FROM page one CLICOs $40-$50m key asset recovery


B USINESS PAGE 6B, MONDAY, APRIL 11, 2011 THE TRIBUNE sure and reporting requirem ents, so that public and priv ate company investors knew every detail on their investments. Their calls come after a retired Bahamas-based accountant, Bill Hogg, com-p lained in a 12-page letter to Attorney General John D elaney about the alleged shabby treatment he and h is wife received from Galleria Cinemas, arguing that they w ere denied access to any audited financial statements on how the company was per-f orming for a decade after i nvesting in its two Private Placement Memorandums (PPMs Now, the sentiments expressed by Messrs Bethel and Kerr are likely to increaset he pressure on the Government to further tighten pro tection for minority investors in the new Securities Industry Act and accompanying regulations, which are set to b e debated by Parliament this w eek. Mr Bethel declined to comment directly on the contentso f the Hoggs letter, given that the Montaque Group is still Gallerias registrar and transf er agent. H owever, he told Tribune Business: Certainly, the call for new legislation is timely, a nd could certainly assist with the rights of minority share holders in private offerings. The investor relationships a cross the board in all entities that offer shares to the public, in one form or another, is something all these companies in their corporate governance should be looking at, and intending to have posit ive relationships with their investors. He added: We are pleased that the matter was ultimately resolved, and hope theH oggs, despite their experie nce, are satisfied with the f inal outcome. Certainly, any person who goes into an investment should have some protectiver ights in terms of the information that they will be provided with to be able to gaugea nd assess their investment. Mr Kerr concurred, telling Tribune Business: Their s hould be adequate disclosure a nd reporting requirements to these persons. I think its important to maintain the integrity of the marketplace. There should be something in p lace to give them protect ion. Y et he added: The very premise of the market is caveat emptor, buyer beware.Y ou have to be an informed, educated investor. I haventr ead the new Act, but at the c ore of the capital markets is t he buyer must beware. You cannot legislate for non-registered participants. I n his letter to Mr Delaney, Mr Hogg wrote: It cannot be right that a company can refuse to provide minority s hareholders with any infor mation on the company should the majority share h olders desire not to do so. This is particularly of con cern where the shares are issued subsequent to a private offering during which certain financial projections are given. In our case, the amount involved, not to ment ion the exorbitant cost and well-known experience of delay and frustration when attempting to obtain redress through the court system int he Bahamas did not justify t he retention of an attorney. T he only remedy in such a case, therefore, appears to be for the minority shareholder to sell their shares. Withoutt he necessary financial information, they are unable to arrive at a proper valuationf or the shares, and there is no way that any third party would be interested in buyi ng their shares either. They a re left at the mercy of the company with regard to the price offered. My wife will never know whether the price received for her shares was r easonable or not. M r Hogg urged Mr D elaney to further amend the Securities Industry Bill to pro vide more protection for m inority investors in private companies, requiring thata udited financial statements b e sent to all shareholders prio r to an AGM unless waived by all shareholders. Christopher Mortimer, G allerias managing director, though, denied the Hoggs claims, saying: For the record, I can tell you that the c ompany has fully complied with every requirement as it relates to the law. We are ap rivate company and comply with all aspects of the law. need for someone to step up on the operational side, someone familiar with the bank, to really address some challenges the bank was facing at the time. Since I came in, we worked really assidu ously to build a management team at Scot iabank (Bahamas sitting in the management team, includingbranch managers, 37 of them came into their current functions on the team while I was managing director. Mr Malcolm said that after building a cohesive and able management team, t hey focused on how we can best, as a t eam, lead the bank through the challenges with the economy, loan portfolio and opera tions. The mission I came to the bank to a ccomplish in terms of restructuring the team, providing some leadership and getting them to focus as a single operating t eam have been achieved. Asked by Tribune Business what the m ajor difference was between the Scotiabank (Bahamas inherited, Mr Malcolm said: I think the principal difference would be the cohesion, the capacity and the capability of them anagement team. We have assembled over the last three y ears as fine a team of bankers, as fine a t eam of professionals certainly, I dare say, that you will find in any organisation in the country, in any organisation in the region. Mr Malcolm said Scotiabank (Bahamas had worked hard to woo and recruit talented management to the bank, and he was now confident that the team he was leaving were well-equipped and have a tremendous opportunity to direct the performance of this bank for a long time to come. N o successor has yet been chosen by the C anadian-owned bank, but Mr Malcolm said that when he took over in 2008, there w ere a lot of opportunities to tighten and i mprove operations; get better audits; focus o ur activities as bankers in full compliance with internal and external regulations. Within the last 24 months, Mr Malcolm s aid Scotiabank (Bahamas manager and retail banking unit officer through an extensive training programme designed to build the full plethora of skills needed to run this bank well. Asked by this newspaper about the banks future prospects, Mr Malcolm said: In a word, great. The bank is a good o rganisation, a solid organisation. The f utures great, and with a little help from t he economy, the skys the limit. M r Malcolm is responsible for Scotiab anks Bahamian retail banking business, the corporate and commercial bank, the back office and its private client/wealth management group. Staff were informed of his pending departure early on Friday morning. s the limit for Scotiabank F ROM page one Top bankers back calls for greater investor protection F ROM page one


REYKJAVIK, Iceland Associated Press VOTERSin Iceland rejecte d a government-backed deal to repay Britain and the Netherlands for their citizens' $5 billion worth of deposits in a failed online bank, referendum results showed Sun-day sending the dispute to a n international court and plunging the economically fragile country into new uncertainty. Final results showed the "no" side had just under 60 percent of the votes and the" yes" side about 40 percent. T he result reflects Icel anders' anger at having to pay for the excesses of their b ankers, and complicates the country's recovery from economic meltdown. It is the second time voters have defeated a bid to settle t he bitter dispute stemming from the collapse of Iceland's h igh-flying banking sector in 2 008, and the government said it would be the last. We are at the end of the r oad of a negotiated solut ion," said Finance Minister S teingrimur Sigfusson. He said Iceland would now opt for "Plan B," with the dispute going to the European F ree Trade Association court, w hich could impose harsher terms on Iceland than those r ejected in Saturday's vote. Britain and the Netherlands said they would fight to get back the money they spent compensating their citi zens who had accounts in the failed bank, Icesave. Dutch Finance Minister J an Kees de Jager said the referendum result "is not good for Iceland and also notg ood for the Netherlands." "The time for negotiations has passed," he said. "Iceland s till has the obligation to pay u s back. This is now a case for the courts." British Treasury minister Danny Alexander said "we have an obligation to get thatm oney back, and we will continue to pursue that until wed o." "We have a very, very difficult financial position as a country," Alexander told the BBC. "This money, of course,w ould help." Icelandic Prime Minister Johanna Sigurdardottir said the results were disappointing but she would try to prevent political and economicc haos ensuing. Sigfusson said the result would have no effect on Iceland's existingd ebt repayments and would not derail its bid for European Union membership. A tiny North Atlantic n ation with a population of j ust 320,000, Iceland went from economic wunderkind t o financial basket case almost overnight when the credit crunch took hold. I ts major banks which h ad expanded to dwarf the rest of Iceland's economy during a decade of creditfueled boom collapsed within a week in October 2008, its krona currencyp lummeted and protests toppled the government. The savings of Icelandic citizens were protected by an unlimited domestic deposit guarantee, but no such rule a pplied to the many foreigne rs attracted to Icelandic banks by their high-interest accounts. S ome 340,000 British and D utch savers had deposited more than $5 billion in Ice save. After Icesave collapsed, British and Dutch authorities borrowed money to compens ate their citizens, then turned t o Iceland for repayment. The dispute has grown acrimonious, with Britain and the Netherlands threatening to block Iceland's bid to join theE uropean Union unless it is resolved. F ailure to approve a deal also stalled installments from a $4.6 billion loan from the International Monetary Fund. Sigfusson said the governm ent would hold talks with those who have loaned Iceland money the IMF, the Nordic nations and Poland in the wake of the referendum defeat. We have made substantial progress moving out of the crisis in 2008, and wei ntend to keep on doing so despite this outcome," he said. I celanders overwhelmingl y rejected a previous deal in a referendum last year, but the government had hoped a n ew agreement on better terms would win approval. The Icesave debt was init ially set at $5.3 billion a c rippling burden for the tiny country but backers of the rejected deal said it would cost Iceland just under 50 billion kronur ($444 million with the recovered assets ofI cesave's parent bank, Landsbanki, covering the majority of the debt. The deal was reached in December after long negotiations among the three count ries and approved by Icel and's parliament in January. But President Olafur Ragnar Grimsson vetoed it amids trong public opposition. T he president hailed the referendum, and the high vot er turnout of 75 percent, as a cathartic step for Iceland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celand rejects debt deal to repay UK and Dutch A MAN walks out o f a branch of L andsbanki in Reykjavik, Iceland in this Tuesday Oct. 7, 2008 file photo. Iceland rejected a governm ent-backed deal t o repay Britain and the Netherlands for their citizens' $5 billion worth of deposits in a failed online b ank. (AP


NEW YORK Associated Press LOOKfor a lot of winners when U.S. companies report their first-quarter earnings. The companies in the Standard & Poor's 500 index have surpassed analysts' profit expectations for two years, or eight straight quarters. Some analysts say they will make it nine straight this earnings season, which begins Monday with a report from aluminum producer Alcoa Inc. "The longer it persists, the more meaningful it is," said Adriana Posada, senior portfolio manager with American Beacon who oversees $18.8 billion in mutual fund and pension assets. "There's a lot more confidence that the economy is in fact improving when earnings continue to surprise" with betterthan-expected results. Credit Suisse analysts wrote in a recent report that they expect companies in the S&P 500 will report total earnings per share of $22.66. That's 3 percent above what analysts across the industry were expecting at the end of the first quarter. Over the last eight quarters, earnings have beaten expectations by an average of 7 percent. The difference may sound small, but stocks are priced on the assumption that earnings will meet expectations. If results beat forecasts, expect stocks to go up. Last earnings season, for example, timber company Weyerhaeuser Co. jumped 3 percent the day it reported adjusted earnings per share of 10 cents. That was double analysts' expectations. But the stock market's gains aren't uniform during earnings season, J.P. Morgan strategists wrote in a report. They looked at r eturns for the S&P 500 in the first half of an earnings month, such as April or July, versus the remainder of the month going back to 2009. In the first half, when investors are surprised by the stream of better-than-expected results, they quickly buy. But beating expectations gets less of a reaction later in the month. Last earnings season, for example, the S&P 500 rose 2.8 percent in the first 10 trading days of January. But the rally fizzled, and the index slipped 0.6 percent over the back half of the month. The same thing happened a year ago. The S&P 500 jumped 3.6 percent in the first 10 trading days of April 2010, but it dropped 2.1 percent over the last 11 days. Analysts expect most of the growth this earnings season to come from companies that produce metals and other basic materials. They say Alcoa will report earnings per share of 27 cents, for example, according to a survey by FactSet. That's more than double its earnings of 10 cents per share from a year ago. Alcoa and other materials producers are benefiting from the global economic recovery, which h as factories demanding more raw materials. Other industries whose results are closely tied to the strength of the global economy are also expected to show profit gains of at least 10 percent, such as energy and industrial companies. Analysts expect Exxon Mobil Corp. to report earnings of $1.92 per share, up 44 percent from a year ago. It benefited from higher crude oil prices, which jumped above $100 per barrel during the quarter after starting the year at $91.38. Total revenue growth for the S&P 500 should top 10 percent for the first time since 2006, S&P senior index analyst Howard Silverblatt expects. Most of the growth is coming from bigger spending by companies, rather than by consumers. "As sales increase, and at this point 2011 looks like a doubledigit gain, companies will commit to producing more, adding a few hours, then maybe a shift, and at some point eventually hiring," Silverblatt wrote in a recent note. That could lead to higher consumer spending. Much of the revenue growth for big U.S. companies is also coming from overseas customers, rather than domestic ones. The dollar's drop against other currencies through the first quarter increased the value of sales made overseas. To be sure, first-quarter earnings for some companies are under threat because of the earthquake that struck Japan in March. High oil prices during the quarter may also hurt. Delta Air Lines said last month that fewer flights to Japan and more expensive jet fuel will cut its 2011 profit by up to $400 million. Analysts also forecast firstq uarter earnings to weaken for some industries, including telecommunications and utility companies. Investors had worried that the start of earnings season would be overshadowed by a government shutdown. But that risk was averted late Friday when lawmakers agreed to a lastminute deal to cut about $38 billion in federal spending. The agreement means economic reports will be released as scheduled this week, including updates on international trade, consumer prices, retail sales, industrial production and business inventories. B USINESS PAGE 8B, MONDAY, APRIL 11, 2011 THE TRIBUNE High hopes for first-quarter earnings reports


NEW YORK Associated Press THEparent company of the New York Stock Exchange said Sunday that it rejected an $11.3 billion bid from Nasdaq and IntercontinentalExchange to buy the company. NYSE Euronext said that its board decided to turn down the offer, which was submitted earlier this month, because it was "highly conditional" and would have caused unnecessary risk for shareholders. The company said it is sticking with its plan to combine with German exchange oper ator Deutsche Boerse AG. NYSE agreed to that $10 billion deal in February. The rejection of the Nasdaq/ICE bid was expected. Analysts have said that a deal between the companies would have led to more job losses. They also worried that a combination would raise antitrust concerns in Washington if Nasdaq and NYSE created one big U.S. stock market exchange. NYSE said the Deutsche Boerse deal creates more value for investors and is "significantly more likely to close." Officials with Nasdaq OMX Group and IntercontinentalExchange Inc. did not immediately return phone calls seeking comments. Under its proposal, Nasdaq said it would take over the NYSE's stock trading and options business, while IntercontinentalExchange would get its derivatives market. ICE trades commodities including oil, sugar, coffee and cotton. It's also a market for derivatives such as credit default swaps that are used by traders and investors to offset risk in other investments. The proposed merger of Deutsche Boerse and NYSE Euronext would create the world's largest stock exchange operator. The company would be incorporated in the Netherlands, although it would have headquarters in New York and Frankfurt. NYSE chief executive Duncan L. Niederauer would be expected to become CEO of the combined company, while Deutsche Boerse' CEO Reto Francioni would be chairman. BUSINESS T HE TRIBUNE MONDAY, APRIL 11, 2011, PAGE 9B 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1 .190.95AML Foods Limited1. 1 0.639.05Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 5.724.40Bank of Bahamas5.005.460.461,1000.1530.10035.71.83% 0.530.17Benchmark0.180.180.00-0.8770.000N/M0.00% 2.842.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.201.96Fidelity Bank1.961.960.000.0160.040122.52.04% 12.408.75Cable Bahamas8.758.750.001.0500.3108.33.54% 2.852.35Colina Holdings2.552.550.001.0310.0402.51.57%7 .005.80Commonwealth Bank (S1 6.936.930.0037,2500.4880.26014.23.75% 2.861.90Consolidated Water BDRs2.142.10-0.040.1110.04518.92.14% 2.541.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.305.22Famguard5. 9.105.65Finco6.786.780.000.6820.0009.90.00% 11.408.75FirstCaribbean Bank8.768.760.000.4940.35017.74.00% 6.004.57Focol (S 5.155.500.351,0000.4520.16012.22.91% 1.001.00Focol Class B Preference1. 7.305.50ICD Utilities7.307.300.000.0120.240608.33.29% 10.509.80J. S. Johnson9.829.820.000.8590.64011.46.52%1 0.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 5 2wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 2 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: YEAR END 2008 -12.31%30 May 2013 20 November 2029THURSDAY, 7 APRIL 2011BISX ALL SHARE INDEX: CLOSE 1,432.64 | CHG 9.90 | %CHG 0.70 | YTD -66.87 | YTD % -4.46BISX 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 WW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | 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 1.54101.4525CFAL Bond Fund1.54100.97%6.09%1.517907 2.95272.8300CFAL MSI Preferred Fund2.94860.04%1.45%2.918256 1.58511.5141CFAL Money Market Fund1.59181.13%4.61%1.517907 3.20252.8522Royal Fidelity Bahamas G & I Fund2.7049-0.56%-15.54% 13.638813.0484Royal Fidelity Prime Income Fund13.50161.08%0.02% 115.7622101.6693CFAL Global Bond Fund115.76229.58%9.58%114.368369 111.469799.4177CFAL Global Equity Fund111.469711.32%11.32%106.552835 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% 9.99529.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.99521.51%6.08% 11.217310.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 211.21731.50%6.41% 10.42889.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.42884.03%4.29% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.55591.88%8.41% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Mar-11 31-Mar-11 109.392860 100.183340 31-Dec-10 31-Dec-10 NAV 6MTH 1.490421 2.910084 1.555464TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752528-Feb-11 31-Dec-10 28-Feb-11 25-Mar-11 31-Jan-11MARKET TERMS31-Dec-10 31-Mar-11CFAL Securities Ltd. 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MONDAY, APRIL 11, 2011 T HETRIBUNE SECTION E INSIDE International sports news B y BRENT STUBBS S enior Sports Reporter F O LLOWING the completion of the two-day final trials over the weekenda t the Thomas A. Robinson Track and F ield Stadium, the Bahamas Associat ion of Athletic Association selected a BTC 70-memb er team for the Carifta Games. The team, which was ratified on Sunday, is the l arges the Bahamas has had in quite some time and will comprise of 56 athletes who have surpassed or t ied the qualifying standards set by the BAAA over the course of the year. Included in the numbers 70-member Carifta Games team chosen By BRENT STUBBS Senior Sports Reporter AFTER having their perfect season snapped by a depleted Real Deal Shockers, the Commonwealth Bank Giants rebounded and got back on the road to their quest of repeating as champions of the New Providence Basketball Association. Jumping out to an early 28-19 first quarter lead as they shot the lights out in the DW Davis Gymnasium, the Giants blew a 20-point lead, but still managed to hold onto a 10296 victory to take a 2-1 lead in the best-ofseven series that will continue on Tuesday night. I wasnt too pleased with the way we played (on Thursday night terrible in the first half in the last game," said Giants coach Perry Thompson. But we got together last night (Friday talked about some of the things that we By BRENT STUBBS Senior Sports Reporter b WITH the dawning of a new year, comes the new and improved New Breed. T he Island Luck Truckers were the first to feel the wrath of the young vibrant New Breed team, but the veterans didnt have any luck in the New P rovidence Softball Associat ions season opener as they got s topped 16-1 on Saturday night a t the Baillou Hills Sporting Complex. M anager Martin Pork Burrows said this is just a taste of w hat they are going to dish up for their opponents as the sea-s on progresses. Im very proud of the guys b ecause we worked very hard all year and with the pick ups that we made, I already see that its going to help the team along the way, Burrows said. I have one more pick to make, but thats a secret. N ot surprised at the outcome, Burrows said once they saw the line-up that the Truckers started with, they went out and exploited it. We had a game plan, we stuck with it, Burrows lament-e d. We tied the small ball to get on the scoreboard and after t hat worked, I just gave the guys the leeway to just swing the bat. Holding onto a 5-1 lead going into the top of the fourth i nning, New Breed erupted for 11 runs, highlighted by a two-r un home run from Ken Wood Jr., to put the game out of reach f or the Truckers. My daddy (Ken Wood Sr told me to throw one out of the park and I told my manager I was going to do it, said Wood a bout the homer that put an exclamation mark on the game. With that live fast ball, my eyes just lid up. So I just had t o do what was right. Wood thanked God for the victory and how he kept their players healthy during the course of the off-season when t he majority of them played in the NPSAs Junior Developm ent League that was started by Burrows. With all of the things going on in the country, were just h appy that we are together, Wood stated. We made about four good pick-ups in Greg (Burrows Shawn (Adderley (Saunders looking to go all the way and carry everything this year. Both Wood and Garfield Bethel scored three times, while Martin Burrows Jr came home four times with a RBI single in the first and Eugene Pratt touched the home plate twice. Shawn Adderley got the win on the mound and Darren Mortimer was tagged with the loss before Anton 'Bookie' Gibson came in to complete the game. Julian Collie walked and scored the Truckers only run on Tommy Bucker T' Fergusonas RBI walk in the bottom of the second. Not only did the Truckers had difficulty in scoring runs, they also had their share of misfortunes with the officiating as Ferguson eventually got tossed from the game by plate umpire Eddie Ford. Outfielder Van Lil Joe Johnson said it just wasn't their night. We just had a bad show ing, he pointed out. I expected more out of my players because we were practising just as long as these other guys. I guys just played a good game. They hit the ball well. Hats off to Pork. He is bringing up a good, strong aggressive team. They are going to be one of the teams to reck-on with because looking at the future, theyre the kind of ball players that you need when the Truckers faze out. Its only the first game of the season, so Johnson said theres no concern about the By BRENT STUBBS Senior Sports Reporter ONEIL Williams made a last minute decision to run, but once he made up his mind, it was one that enabled him to easily place his name on record as the first overall champion of the Marios Bowling and Family Entertainment Palaces first Marios and Big O Fun Run/Walk Race. Williams, unbeaten on the season, posted a winning time of 35 minutes and 57.69 seconds in Saturday mornings race that started at Marios Bowling and travelled west to the road a-bout on West Bay Street and back. His nearest rival was Mackey Williams, who did 37:16.79. This morning was just to do it for Big O. I missed the last one because I was here, Oneil Williams said. But this one was pretty good. The route was good and the competition was pretty good. Mackey (Williams Sidney (Collie but in the end, they couldnt keep on the pace. Overall, I think the race had a good turn out and the competition was good. Oneil Williams made his s urge going to the red light on Thompson Boulevard and he widened his gap in the back of Prospect Ridge. Mackey Williams made a gallant attempt to cut down the lead, but he admitted that Oniel Williams was a little too far ahead of him. It was good. It was good timing. I started off kind of moderate and held back because I knew we had miles to go, said Mackey Williams, who had two of his sons competing in the race. My whole intention was to catch Oneil, but he got away. Coming in third was Col lie, who thanked God for giving him the strength to complete the race in 38:32.16. The race was pretty good. The first half, everyone was there, but me, Mackey and Oneil broke away from the pack and we made a run for it. The womens segment of the race was won by Jessica Murray in 44:39.03. She beat out Kim Hopkins, who did 51:36.22. It was a nice race, very quick and short. The weather nice. It was fun, Murray proclaimed. I thought it was actually going to be longer. I was dreading going through Prospect Ridge, but it went very quickly. Hopkins, a perennial queen of the road, admitted that she got out slowly and that made the difference. It was my first road race in a long time, she pointed out. Im trying to back in shape because I want to do the half marathon next year, so Im using these road races to get ready. It was kind of long to me, but I think I did the best I could and I ran a pretty good race. The walk saw Philip Moss top the field in 62.49. The first female finisher was Margo Strachan in 73.20. This morning I wasnt suppose to come out because when I was stretching yesterday (Friday injured an injury that I was nursing, Moss said. "I came out and it took me about 20-25 minutes Felip Major /Tribune staff TALLORDER: Commonwealth Bank Giants Micxhael Bain goes up for a lay-up over the defenCe of Real Deal Shockers Lavardo Hepburn. HAIL TO NEW AND IMPROVED NEW BREED SEE page 2E WILLIAMS SURGES TO VICTORY SEE page 7E SEE page 4E Photo: Kermit Taylor MAKINGAPOINT: BAAA president Mike Sands makes a point at the ratifcation meeting for the Carifta team. At left is treasurer Laura Charlton. At his right are vice president Sherwin Stuart and statistician Bernard Newbold. SEE page 2E GIANT S REBOUND WITH 102-96 TRIUMPH G REENDREAM: C harl Schwartzel of South Africa shows o ff his green jacket a fter winning the Masters. S EE PAGE 3E


SPORTS PAGE 2E, MONDAY, APRIL 11, 2011 TRIBUNE SPORTS AT the Bahamas Association of Athletic Associations final trials for the BTCC arifta team over the weekend at the T homas A. Robinson Track and Field Stadium, athletes attained the qualifying standards in some 31 events. The performances were turned in over the two day meet, despite the fact that some of the match-ups anticipated neverm ateralized as some of the athletes didnt compete, either because of injuries or they were not available in the country. Noticably missing from action was Grand Bahmian under-20 girls quarter-miler Rashan Brown, who was in the stands, as well as Latario Minns, the outstanding under-20 triple jumper, who was walkinga round on crutches, nursing an injury. Also absent from competition was under20 sprinter Trevorvano Mackey. Despite not competing, there were still some outstanding performances produced in their events and others where athletes e ither tied or surpassed the qualifying stand ards. In surpassing the Carifta qualifying stand ards, athletes also attained the qualifying s tandards for the Pan American Junior Track and Field Championships and World Youth Championships. Heres a look at the qualifiers and the events they attained the standards: Under-17 boys division 1 00 Tommy Outten, Hawks Athletics, 10.77; Delano Davis, Golden Eagles, 10.79; Rashad Gibson, Bahamas Speed Dynamics,1 0.94. QS 11.00. Outten and Davis also did t he World Youth QS of 10.88. 2 00 Delano Davis Golden Eagles 2 1.93. QS 22.00. 400 Janeko Cartwright, unattached, 50.00. QS 50.00. 800 Ashley Riley, unattached, 1:57.02; Ronaldo Tinker, Golden Eagles, 1:59.70. Q S 1:59.70. 110 hurdles Kuirk Lewis, Bahamas Speed Dynamics, 14.60. QS 14.71. 400 hurdles DMitry Charlton, Star T rackers, 55.27. QS 57.00. Triple jump Anthony Pratt, unattached, 13.78m or 45-2.50. Darien Duncombe, Jumpers Inc., 13.76m or 45-01.75. QS -1 3.70. S hot put Kyle Higgs, Club Monica, 13.97m or 45-10. QS 13.10m. High jump Norris Bain, GB Crusaders, 1 .92m or 6-3.50. QS 12.92m. Long jump Trae Carey, Striders, 6.93m or 22-09. QS 6.45m Under-17 girls division 1 00 Carmiesha Cox, Star Trackers, 11.72; Devynne Charlton, Star Trackers, 11.84; Jasmine Walker, Hawks Athletics, 12.00. QS 12.10. Cox also did the World Y outh QS of 11.80. 200 Carmiesha Cox, Star Trackers, 2 3.98. QS 24.80. 800 Eyeiessa Darville, Sunblazers T rack, 2:230.78; Dresjanae Rolle, Sunblazers Track, 2:20.92. QS 2:22.70. 100 hurdles Devynne Charlton, Star Trackers. 14.65. QS 14.70. 300 hurdles Pedrya Seymour, Bahamas S peed Dynamics, 43.56. QS 43.60. Discus Brashe Wood, Club Monica, 2 5.19m or 115-05. QS 35.00m. High jump Andriel Strachan, Star T rackers, 1.60m or 5-03. QS 1.60m. Under-20 boys division 100 Shavez Hart, Hawks Athletics, 10.42. 200 Shavez Hart, Hawks Athletics, 2 1.15. QS 21.65. Hart also did the Pan Am Jr QS of 21.30. 4 00 OJay Ferguson, Road Runners, 46.84; Stephen Newbold, Star Trackers, 4 7.12; Andre Wells, Hawks Athletics, 47.44. QS 48.15. Ferguson and Newbold also both did the Pan Am Jr QS of 47.40. 800 Andre Colebrooke, Striders, 1:55.84. QS 1:54.90. Colebrooke also did t he Pan Am Jr QS of 1:54.30. 1,500 James Audley Carey, Star Tracke rs, 4:02.78; Andre Colebrooke, Striders, 4:09.12. QS 4:10.10. Carey also did the Pan Am Jr QS of 4:05.00. Triple jump Lathone Minns, Jumpers I nc., 15.65m or 51-04.25. QS 15.10m. Minns also did both the Pan Am Jr QS of 1 5.30m and the World Youth QS of 14.50. Pole vault Richie Goodman, Unatt ached, 3.70m or 12-01.50. QS 3.60m. Under-20 girls division 100 Anthonique Strachan, Club Monica, 11.42. QS 11.90. 2 00 Anthonique Strachan, Club Monic a, 23.06. QS 24.20. Strachan also did the Pan Am Jr QS of 23.95. 4 00 Shaunae Miller, Bahamas Speed Dynamics, 53.60; Katrina Seymour, ClubM onica, 56.04. QS 56.20. Miller also did the Pan Am Jr. QS of 54.95. 100 hurdles Kryshell Rolle, Striders, 14.39. QS 14.40. 400 hurdles Katrina Seymour, Club Monica, 58.93. QS 1:02.00. Seymour also did the Pan Am Jr QS of 1:01.70. Triple jump Tamara Myers, College of the Bahamas, 12.76m or 41-10.50. QS 12.00m. Myers also did both the WorldY outh QS of 12.20m and the Pan Am Jr QS o f 12.10m. Shot put Racquel Williams, RC Athl etics, 13.14m or 43-012.50. QS 12.00m. Williams also did the Pan Am Jr QS of1 2.65m. Athletes attain qualifying standards in 31 events CARIFTATRIALS s elected are eleven athletes from Grand Bahama, two from Moores Island, one from Andros and another one from Eleuthera. The team that will now prepare to represent the Bahamas at the Carifta Games in Montego Bay, Jamaica over the Easter holi day week, are as follows: Boys Under 20 (Maximum of 18 allowed Trevorano Mackey, Shavez Hart, Laron Heild, OJay Ferguson, Stephen Newbold, Andre Colebrooke, James Audley Carey, Leonardo Forbes, Patrick Bodie, Ryan Ingraham, Alfredo Smith, L athone Minns, Howard King, Charles Sealey, Avery Thomp son, Richie Goodman, Terrane Roker, Andre Wells, Blake Bethela nd Elroy McBride. Girls Under-20 (Maximum of 18 allowed A nthonique Strachan, Tynia Gaither, Shaunae Miller, Katrina Seymour, Ashley Johnson, Hughnique Rolle, Kryshell Rolle, Tamara Myers, Anthonique Butler, Raquel Williams, Devin Cartwright, Gregria Higgs and Printassia Johnson. Boys Under 17 (Maximum of 15 allowed division to be assigned to any division, They have all been assigned here. T ommy Outten, Delano Davis, Janeko Cartwrght, Ronald Tinker, Ashley Riley, Darren Young, Kirk Lewis, Xavier Coakley, N orris Bain, DMitry Charlton, Lorman Johnson, Trae Carey, Mark Duncombe, Anthony Pratt, Darren Duncombe, Khyle Higgs, Drexel Maycock, Gerrio Rahming, Rashad Gibson, Cliff Resias, Kinard Rolle and Theotis Johnson. Girls Under 17 (Maximum of 15 allowed Carmeisha Cox, Devynne Charlton, Makeya White, Juanne Lewis, Dreshanae Rolle, Eyeiessa Darville, Jennaya Heild, Pedrya S eymour, Natishkah Johnson, Andriel Strachan, Miquel Roach, Dannielle Gibson, Taryn Rolle, Brashae Wood and Jasmine Walke r. Team Personnel Head of Delegation Harrison Petty, assisted by Kem Stuart. Manager Doris Wood, assisted by Anya Dorsett and Sandra Bullard. Head Coach David Charlton sprints and hurdles; assisted by Alverston Rolle, sprints; Everette Frazier, sprints; James Rolle, v ertical jumps; Jason Edwards, horizontal jumps; Trevor Strachan, middle distance and Corrington Maycock, throws. Chaperones Sandra Bullard, Ann Bullard and Bradley Wood. PhysicianDr. Rickey Davis. Physiotherapists Elsa Barrett and Khalid Hanna. 70-MEMBER CARIFTA TEAM SELECTED F ROM page 1E Truckers. They intend to regroup and get back on track. Also on Saturday night, the Proper Care Pool Lady Sharks didnt waste any time in showing the league that they are on track for a return trip to the ladies final where they hope to get over the hump and win it this year. In the opening game, the Lady Sharks routed the Sigma Brackettes 11-1 in abbreviation fashion as Alex Taylor went the distance for the win over veter an Ernestine Butler-Stubbs in the pitching dual. Proper Care Pool, managed by Stephen Bishop Beneby, scored six runs in the first, one each in the second and third and two more in the fourth for the stoppage. Trekia Munroe went 1-for-3 with a RBI and two runs scored and Kenaeka Ingraham had a two-run double in the fourth to highlight their effort. We did well. We have a lot of young girls on the team, but we still have a few of veteran players too, Taylor stressed. But were going to try and play the younger players as much as we can until they are ready to take over the more experienced players. As for her performance, Taylor said it was one of her best in quite some time and if thats any indication, the Lady Sharks should be a contender once again to be the last team standing at the end of the sea son. With a new administration team in place, the NPSA kicked off the season in grand style. Minister of Youth, Sports and Culture, Charles Maynard declared the season open. Among the dignitaries on hand were former Prime Minister Perry Christie, Bahamas Olympic Committee president Wellington Miller and Bahamas Softball Federation president Burkett Dorsett. A double header will be played on Tuesday night, starting at 7 p.m. They will also play a double header on Thursday and Saturday nights. FROM page 1E HAIL TO NEW AND IMPROVED NEW BREED MAKINGAPOINT: Javelin throwing. PHOTOS: Felip Major /Tribune staff SCENES FROMTRACKANDFIELDEVENTS


SPORTS TRIBUNE SPORTS MONDAY, APRIL 11, 2011, PAGE 3E WOULD YOU LIKE TO TAKE PART? Telephone Nassau 326-8191 or Freeport 351-3960PARTNER CHARITIES:The Cancer Society of The Bahamas,The Bahamas Diabetic AssociationApril 16 Montagu Beach,Nassau April 30 Jasmine Corporate Center,FreeportAtlantic Medical Colonial Group International is rated A-(Excellentby AM Best. Funwalk 2011. Every Funwalk step you take is a gift! 2011 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.351-3960 www.cgigroup.bmA member of Colonial Group International:Insurance,Health,Pensions,Life Heres a look at the top three finishers from the Bahamas Association of Athletic Associations final Carifta Trials held over the weekend at t he Thomas A. Robinson Track and Field Stadium: Under-17 Boys Division 100 Outten, Tommy, Hawks Athletics, 10.77; Davis, Delano, Golden Eagles, 10.79; Gibson, Rashad, Bahamas Speed Dy, 10.94. 200 Davis, Delano, Golden E agles, 21.93; Outten, Tommy, Hawks Athletics, 22.18; Gibson, Rashad, Bahamas Speed Dy, 22.35. 400 Cartwright, Janeko, Unattached, 50.00; Tinker, Ronaldo, Golden Eagles, 50.37; Rolle, Kinard, Spirit of Excell, 50.64. 8 00 Riley, Ashley, Unattached, 1:57.02; Tinker, Ronaldo, Golden Eagles, 1:59.70;H iggins, Nakita, Star Trackers, 2:01.62. 1,500 Young, Darren, TBird Flyers, 4:17.21; Damas II,J ohn, Ambassadors Athl, 4 :39.81; Rigby, Henry, Golden Eagles, 4:49.11. 3000 Young, Darren, TBird Flyers, 10:00.26; Damas II, J ohn, Ambassadors Athl, 10:27.08; Albury, Kirby, Unat-t ached, 10:46.49. 110 hurdles Lewis, Kirk, B ahamas Speed Dy, 14.60; Coakley, Xavier, High Perfor mance, 14.84; Rahming, Gerr io, Spirit of Excell, 16.13. 400 hurdles Charlton, D 'Mitry, Star Trackers, 55.27; Edwards, Alexander, GB Crus aders, 58.44, Cartwright, Gre keem, Star Trackers, 59.69. High jump Bain, Norris, GB Crusaders, 1.92m, 6-03.50; Johnson, Lorman, Bahamas S peed Dy, 1.85m, 6-00.75; Burrows, Tyrone, Unattached,1 .80m, 5-10.75. Javelin Campbell, Toreves, S ilver Lightning, 50.55m, 16510; Pratt, Denzel, Preston Albury, 48.16m, 158-00; Rahming, Gerrio, Spirit of Excell, 48.11m, 157-10. Long jump Carey, Trae, Striders, 6.93m, 22-09.00; Dun c ombe, Mark, Unattached, 6.53m, 21-05.25; Campbell, T oreves, Silver Lightning, 6.50m, 21-04.00. Discus Pratt, Denzel, Preston Albury, 39.00m, 127-11; Higgs, Khyle, Club Monica, 38.06m; Maycock, Drexel, College of The B, 37.30m, 122-04. T riple jump Pratt II, Anthony, Unattached, 13.78m, 450 2.50; Duncombe, Darien, Jumpers Inc, 13.76m, 45-01.75; Culmer, Kaiwan, Unattached, 13.67m, 44-10.25. Shot put Higgs, Khyle, Club Monica, 13.97m, 45-10.00; May cock, Drexel, College of TheB 12.75m, 41-10.00; Smith, D'Varj, Unattached, 12.58m, 4 1-03.25. Under-17 Girls Division 1 00 Cox, Carmiesha, Star Trackers, 11.72; Charlton, Devynne, Star Trackers, 11.84; Walker, Jasmine, Hawks Athletics, 12.00. 200 Cox, Carmiesha, Star Trackers, 23.98; White, Makeya, Club Monica, 25.09; Lewis, Juannae, Golden Eagles, 25.19. 400 Lewis, Juannae, Golden Eagles, 58.05; Rolle, Dreshanae, Sunblazers Track, 58.13; Johnson, Anastacia,U nattached, 58.47. 800 Darville, Eyeiessa, Sunblazers Track, 2:20.78; Rolle, Dreshanae, SunblazersT rack, 2:20.92; Knowles, C hristina, Striders, 2:23.52. 1,500 Hield, Jennaya, Golden Eagles, 5:06.74; Rolle, Holli, T-Bird Flyers, 5:08.48; Gibson, L unnise, Hawks Athletics, 5:12.98. 1 00 hurdles Charlton, Devynne, Star Trackers, 14.65; S trachan, Andriel, Star Trackers, 15.15; Smith, Alexis, GB Crusaders, 16.49. 4 00 hurdles Seymour, Pedrya, Bahamas Speed Dy,4 3.56; Johnson, Natishkah, Club Monica, 45.26. T riple jump 1 Rolle, Taryn, Star Trackers, 11.19m, 36-08.50; Perpall, Tylen, Unattached, 10.16m, 33-04.00; Fernander, Joette, Unattached, 9.85m, 320 3.75. Discus Wood, Brashe, Club M onica, 35.19m, 115-05; Sherman, Denyelle, Golden Eagles, 2 4.05m, 78-11; Rolle, Nigia, Unattached, 23.73m, 77-10. High jump Strachan, Andriel, Star Trackers, 1.60m, 5-03.00; Thompson, Cedline, Unattached, 1.50m, 4-11.00. Shot put Wood, Brashe, C lub Monica, 10.75m, 35-03.25; Taylor, Erin, R.C. Athletics, 1 0.56m, 34-07.75; Taylor, Ter rannise, Unattached, 10.03m, 32-11.00. Javelin Sturrup, Jireh, Unattached, 20.07m, 65-10. Long jump Gibson, Dan nielle, Ambassadors Athl,5 .15m, 16-10.75; Fraser, Khadijah, Ambassadors Athl, 4.82m, 1 5-09.75; Russell, Carlisa, Star Trackers, 4.75m, 15-07.00. Under-20 Boys Division 100 Hart, Shavez, Hawks Athletics, 10.42; Heild, Laron, Exterminator Tra, 10.63; Bartlett, Blake, Hawks Athleti cs, 10.76. 200 Hart, Shavez, Hawks A thletics, 21.15; Newbold, Stephen, Star Trackers, 21.23; Bartlett, Blake, Hawks Athletics, 21.54. 400 Ferguson, O'Jay, Roadrunners, 46.84; Newbold, Stephen, Star Trackers, 47.12; Wells, Andre, Hawks Athletics, 47.44. 800 Colebrook, Andre', Striders, 1:55.84; Cargill, Duane, Star Trackers, 1:56.46; Wallace, Ashton, Golden Eagles, 1:57.33. 1,500 Carey, James Audley, S tar Trackers, 4:02.78; Colebrook, Andre', Striders, 4:09.12; Forbes, Leonardo, T-Bird Flyers, 4:12.66. 5 ,000 Forbes, Leonardo, TB ird Flyers, 16:10.22; Reid, Jordan, Kenyan Knights, 17:05.10; James, Romario, Bahamas Speed Dy, 19:06.23. 1 10 hurdles Bodie, Patrick, Star Trackers, 14.40; Wilch-c ombe, Brandon, GB Crusaders, 15.11; Cox, Rokeo, K enyan Knights, 15.80. 400 hurdles Bodie, Patrick, Star Trackers, 55.36; Wilchc ombe, Brandon, GB Cru saders, 55.37; Miller, Mikhail,S tar Trackers, 55.41. Heptathlon Major, D esmond, Ambassadors Athl, 3603; Dames, Jaleel, Unattached, 3461. High jump Wilmott, Jabari, Unattached, 1.85m, 6-00.75; B alfour, Shannon, Ambas sadors Athl, NH; Ingraham,R yan, Unattached, NH. Shot put Nottage, Deangel o, R.C. Athletics, 13.75m, 4501.50; Forbes-Ferguson, Jared, Unattached, 13.40m, 43-11.75; Arnett, Jonathan, Silver Light ning, 12.75m, 41-10.00. Triple jump Minns, Lath one, Jumpers Inc, 15.65m, 51-0 4.25; Lynes, Brent, Unattached, 14.52m, 47-07.75. P ole vault Goodman, Richie, Unattached, 3.70m, 1201.50; Roker, Terrane, Ambassadors Athl, 3.30m, 10-10.00. Long jump Smith, Alfredo, Unattached, 7.13m, 23-04.75; Smith, Justin, Unattached, 7 .00m, 22-11.75; Rolle, Lloyd, Jumpers Inc, 6.79m, 22-03.50. J avelin King, Howard, Mangrove Cay High, 52.84m, 173-04; Rolle, Lorenzo, College of The B, 51.94m; Mackey, Samuel, Unattached, 51.92m, 170-04. Discus Burrows, Gerrard, C ollege of The B, 40.10m, 13107; Russell, Hubert, Hawks A thletics, 39.13m, 128-04; Newton, Akeem, Unattached, 37.31m, 122-05. Under-20 Girls Division 100 Strachan, Anthonique, Club Monica, 11.42; Higgs, Gregria, Bahamas Speed Dy, 11.94; Johnson, Printassia, Ambassadors Athl, 11.96. 200 Strachan, Anthonique, Club Monica, 23.06; Johnson, Printassia 18 Ambassadors, Athl, 24.65; Higgs, Gregria, Bahamas Speed Dy, 25.05. 400 Miller, Shaunae, B ahamas Speed Dy, 53.60; Seymour, Katrina 18 Club Monica, 56.04; Farrington, Bianca, Hawks Athletics, 58.89. 8 00 Johnson, Ashley, Star T rackers, 2:17.23; Martin, Nevelicia, Unattached, 2:30.03; Russell, Florazel, Unattached, 2:46.72. 1 ,500 Sands, Desiree, Bahamas Speed Dy, 5:04.09;M artin, Nevelicia, Unattached, 5:38.19; Russell, Florazel, Unatt ached, 6:11.56. 3,000 David, Johnique, Striders, 11:47.22; Gibson, Lunn ise, Hawks Athletics, 12:17.53; Hanna, Kree, GB Crusaders,1 2:46.94. 100 hurdles Rolle, Kryshell, S triders, 14.39; Pickering, Yazmine, Club Monica, 16.71; Hilton, Randi, Club Monica,17.10. 400 hurdles Seymour, Katr ina, Club Monica, 58.93; Rolle, Kryshell 18 Strid e rs, 1:04.10; Colebrooke, Rachante, Club Monica, 1 :05.85. Pentathlon Ferguson, Khadajah, Ambassadors Athl, 2397. Javelin Ingraham, Kenyoka, Club Monica, 31.68m, 103-11; Marshall, Alexandria, R.C. A thletics, 28.94m, 94-11; Scott, Habbukuk, North Andros, 2 8.60m, 93-10. Long jump Butler, Antonique, Club Monica, 5.14m, 16-10.50; Hilton, Randi, Club Monica, 5.05m, 16-07.00; Seymour, Katrina, Club Moni ca, 5.03m, 16-06.00. S hot put Williams, Racquel, R.C. Athletics, 13.14m, 430 1.50; Hamilton, Cymone, Star Trackers, 11.55m, 37-10.75; Bartlett, Lanique, GB Crusaders, 10.95m, 35-11.25. Triple jump Myers, Tamara, College of The B, 12.76m, 4110.50; Butler, Antonique, Club M onica, 11.95m, 39-02.50. Discus Williams, Racquel, R .C. Athletics, 36.56m, 119-11; Oembler, Ashley, Club Monica, 33.26m, 109-01; Marshall, Alexandria, R.C. Athletics, 33.10m, 108-07. High jump Bagot, Denneisha, Jumpers Inc, 1.45m, 4-09.00. DOUG FERGUSON, AP Golf Writer AUGUSTA, Ga. Charl Schwartzel gave this Masters a finish it deserved. On an amazing Sunday at Augusta National, where the roars came from everywhere and for everyone and didn't stop until it was over, Schwartzel emerged from the madness by becoming the first Masters champion to close with four straight birdies. H is final putt from 20 feet curled into the side of the cup for a 6under 66, the best closing round at the Masters in 22 years. Itg ave the 26-year-old South African a two-shot victory over Australians Adam Scott and Jason Day. Just an exciting day," Schwartzel said. "So many roars, and that atmosphere out there was just incredible. A phenomenal day." Indeed, this final round had it all. First came a fist-pumping charge by Tiger Woods, who erased a seven-shot deficit in nine holes only to go flat on the back nine.T hen came the stunning collapse of 21-year-old Rory McIlroy, who put his name in Masters lore for all the wrong reasons. S till leading by one shot as he headed to the back nine, McIlroy hit a tee shot next to the cabins left of the 10th fairway and twice h it a tree to make triple bogey. He three-putted from 7 feet for bogey on the 11th, four-putted from about 12 feet on the next hole and buried his head into his forearm as the shock began to settle in. M cIlroy shot 80, the highest final round by the 54-hole leader since Ken Venturi in 1956. Not since Jean Van de Velde atC arnoustie had someone blown at least a four-shot lead going into the last round of the major. S o wild was this steamy afternoon that eight players had at least a share of the lead on some point during the back nine. The steady hand came from Schwartzel, whose only bogey came on the fourth hole as this Masters was just getting warmed up. He got up-and-down from behind the 15th green for birdie to b riefly tie for the lead, only for Scott to stuff his tee shot into 2 feet up ahead on the par-3 16th. Schwartzel answered with a 15-footb irdie to catch Scott atop the leaderboard again. Then came the pivotal 17th, where Schwartzel made a 10-foot b irdie. It was the first time all day he had the lead to himself, and he finished it off in style.South Africans now have won two of the last three majors, following Louis Oosthuizen winning at St. Andrews last summer. This one came on the 50th anniversary of Gary Player becoming the first international player to win the M asters. "I am absolutely delighted for Charl and South Africa. Congratulations and very well done to him. That is how you finishl ike a champion!" Player said on Twitter. In so many respects, this looked more like 1986 when Jack N icklaus charged on the back nine to win a sixth green jacket over a Hall of Fame cast of contenders. There were twice as many possibilities at this Masters, though, from Woods and former Masters champion Angel Cabrera, from Geoff Ogilvy and Luke Don ald, from K.J. Choi and Bo Van Pelt, who made two eagles on the back nine. Schwartzel set the tone early when he chipped in from some 75 feet across the green for birdie on the opening hole, then h oled out from the fairway on No. 3 for eagle. Just like that, McIlroy's four-shot lead was gone. The cheers were impossible for M cIlroy to ignore. From the second green, where he was scrambling to make par, McIlroy could hear the noise ahead of him for Schwartzel's eagles. Moments later came another roar to his right on the seventh green, where Woods stuffed one close for another birdie. Woods' red shirt looked a little brighter. He walked a little taller. And the cheers kept coming. The biggest boom from the g allery came on the par-5 eighth, when Woods knocked in an eagle putt to reach 10 under and tie for the lead. There was no mist aking that sound, or who it was for. Over the next few minutes, more cheers could be heard from all corners of Augusta each time Woods' score was posted on a leaderboard. He still had the back nine to play, and momentum was on his side. Not for long, though. He missed a 3-foot par putt on the 12th, failed to birdie the par-5 13th with a 7-iron for his second shot. Then, after twirling his 7-iron with a shot so pure it settled 4 feet away on the par-5 15th, he missed the 4-foot eagle putt. SCHWARTZEL WINS THE MASTERS AFTER A WILD DAY CARIFTA TRIAL RESULTS: Top three finishers (AP Photo/Chris OMeara IVEDONE IT! Charl Schwartzel of South Africa hugs his caddie Greg Hearmon after his birdie putt on the 18th hole during the final round of the Masters golf tournament Sunday, April 10, 2011, in Augusta, Ga. ONYOURMARKS: The Carifta Trials over the weekend saw plenty of stiff competition.


SPORTS PAGE 4E, MONDAY, APRIL 11, 2011 TRIBUNE SPORTS LAY-UP: Commonwealth Bank Giants Raif Ferguyson goes up for a lay-up over Real Deal Shovkers Lavardo Hepburn. did wrong and we did right. We had to make some adjustments and in the first half we did that. We then got too relaxed. We have to find a way to keep the fire in these guys a nd play better ball control. If we can do those things, theres no way the Shockers can't beat us again. Shoot shooter Ricardo Pierre came out smoking as he canned Commonwealth Banks f irst eight points, including a p air of three-pointers, for a quick 8-0 advantage. But it was Michael Ferley Bain, who was relentless on the penetration inside. Bain, converting 6-of-10 free throws, finished with a gameh igh 31 points with eight rebounds, five assist and four steals in leading a balanced scoring attack for the Giants, who played without Gamalian Rose. Mark Hanna was just as e xplosive with 26 points on 9of-18 shooting from the field, while Pierre finished with four f rom the three-point arch for 17 points. Jeremy Hutchinson posted a double with 11 points and a game high 18 rebounds to c ontrol the boards as the Giants out-rebounded the Shockers 4 1-37. After we got our first d efeat for the season, we didnt want to lose the second one, so w e stepped up the intensity, Bain stressed. We didnt close out how we wanted to, but it was a good win. Were now l ooking forward to coming out T uesday and taking a 3-1 lead. Bain admitted that the Shockers are a pesky team.T hey never give up, so we know no matter how many players they came out with, t hey were going to play, so we j ust had to put that aside and just go out and play. Thompson couldn't agree m ore. really dont like to play teams with just six players because theyre the hardestl ine-up to beat, he concluded. Just when you think you can put them away, they normally f ind a way to stay right in the g ame. But Bain said having taken the slight lead, theyre looking f orward to doing all the right things to seal another victory on Tuesday to take the drivers seat in the series. T he Shockers, who once again played without Lathario Bones Burrows, got a bal anced scoring attack from their s ix players as they were all in double figures as Georgio Walkes had 20 to lead the way. Lavardo Hepburn and Lorenzo Carter both had 19 p oints with 10 and seven rebounds respectively; Carvin C ummings had 16; Sidney Sea Mate Hillary had 12 points, f our rebounds and four assists and Kevin Coakley contributed 10 points with eight rebounds. The Shockers, who trailed 78-58 going into the fourth q uarter, fought hard right to the very end, but the Giants w ealth of experience was a little too much when it counted the m ost. Real Deals coach James Price said theres no way they are going to beat Common wealth Bank again if they con t inue the trend of missing key players like Burrows and Ian Wire Pinder. Due to work commitment, some of the players wasnt h ere, Price stated. I really dont know whats going on with Lasario. He came to me today and said he was coming out, but I havent see him. I d ont know what to say what is happening, Some times people go through things and you dont k now whats happening with them and how to deal with it. But something isn't right. Everybody know hes a real ball player and he like the g ame. Were just not seeing him, but we need to get him o ut for the next game. Despite the absence of so m any players, Price said his depleted six-man line-up gave the Giants a run for their money. He just feel that if they havea bench, they will definitely be i n a better position to win another game and even the t itle, which is their ultimate goal. GIANTS REBOUND WITH 102-96 VICTORY INSHEGOES: Commonwealth Bank Giants Jeremy Hutchinson drives to the basket uncontested for a lay-up. F ROM page 1E TIM REYNOLDS, A P Sports Writer MIAMI If this was an Eastern Con ference semifinals preview, then the Miami Heat and Boston Celtics showed what to expect. Few pleasantries. Pushing and shoving. And maybe a Game 7 in Miami. LeBron James scored 27 points, Dwyane Wade added 14 and the Heat moved closer to the No. 2 seed in the East playoffs Sunday by beating the sliding Celtics 100-77. "It was a playoff-atmosphere type of game, from the fans to both teams' approach to what the game meant," Wade said. "It had that feel." Miami moved a game ahead of Boston, trimming its magic number to clinch the second seed to two. The teams will finish second and third in some order behind Chicago in the East, slotted to play in the conference semifinals. "We'd like to play them, I can tell you that," Celtics coach Doc Rivers said. "And we may have to if we want to go somewhere." Chris Bosh added 13 points and eight rebounds for Miami, which had been 0-3 against Boston this season, though Heat coach Erik Spoelstra cautioned against overstating the win's importance. "We proved we can beat them tonight," Spoelstra said. "That's about it, in my mind." Paul Pierce scored 24 points and Kevin Garnett added 21 for Boston, which lost for the 10th time in its last 19 games. The Celtics were outrebounded 42-26, and outscored 44-26 in the paint. "What else do you expect? It's Boston-Miami," Garnett said. "Supposedly it's two of, if not the top two, teams in the East. You have to expect that.You have to expect that coming in here you're not going to get the call. You had to expect their passion a team you have beaten three times." The Heat finally solved the Boston hex, beating the Celtics for the third time in the last 21 meetings. Bosh had been 1-13 against Boston since March 2007, and the Celtics ended both the 2009-10 seasons for Wade (in the first round James (in the second round Miami won for the 13th time in its last 16 games, and its bench maligned for much of the season outscored Boston's 32-12. "What worked for us today is, offensively we played together," Wade said. Ray Allen scored 13 points for the Celtics. Rajon Rondo was held to just seven points and five assists on 3 for 8 shooting. "Frustration is high on our team right now," Rivers said. Miami's role players were huge. Mario Chalmers had nine points in the second quarter, when the Heat took the lead. Joel Anthony had eight rebounds in the first half, two less than the entire Boston roster. Zydrunas Ilgauskas scored six quick points early in the third as the Heat remained in control, and Anthony took advantage of a triple-team on James for a dunk and a 74-59 lead on the final play of the third quarter. Of course, this being Celtics-Heat, nothing would come easily for Miami. Down by 22, Boston ran off 12 straight points, Allen starting it with a four-point play, and Pierce adding both a 3-pointer and a three-point play to get the Celtics within 85-75. It was the last gasp. Mike Bibby's 3-pointer with 4:49 left, followed by Bosh's follow of James' miss, sent the lead back to 15. "We built that lead by just keeping guys in front of us, c ontesting shots and flying around defensively," James said. Boston scored the game's first eight points and hit eight of its first nine shots. The Celtics were making it seem easy, especially when Garnett who hadn't made a 3-pointer all sea son stepped into one from the left wing and connected for a 22-15 lead. "It looked like the same old song," Spoelstra said. It didn't stay that way. Boston went scoreless for the next 6:17, and Miami took the lead for good on the opening possession of the second quar ter. Tensions were already high, and emotions soon boiled over. Jermaine O'Neal who had just been easily scored on by James 27 seconds earlier in transition tried to stop another drive by the two-time reigning MVP with a shoulder check with about 4 minutes left in the second, making no play on the ball. A scrum quickly broke out under the basket. O'Neal earned a flagrant-1, James got a technical for throwing the ball back at O'Neal, Wade and Pierce also got tech nicals for some pushing and jostling, and a small amount of debris flew from the stands onto the court. "I thought it was all theatrical, all the crap. I guess that's called toughness these days," Rivers said. "Two guys run into each other, we've got to call a flagrant foul, which I thought was a joke. And I thought the reactions by both were a joke." Bosh earned another techni cal 2? minutes later for argu ing he tied up a loose ball with Rondo, only to have referees award Boston a timeout. But the Heat kept their composure, kept pouring it on after halftime, then turned their eyes toward road games that loom large at Atlanta on Monday and Toronto on Wednesday. ROB HARRIS, AP Sports Writer LONDON Arsenal gave its Premier League title hopes a much-needed boost Sunday by beating Blackpool 3-1 to keep pace with leader Manchester United. The Gunners trail United by seven points, but that gap would be reduced to a point by beating the 18-time champions and also winning their game in hand. In the win at Blackpool, Abou Diaby and Emmanuel Eboue gave Arsenal a two-goal lead at half time and Robin van Persie added another after Gary Taylor-Fletcher pulled one back for the home side. "Today was only three points and it could help us to keep a chance," Arsenal manager Arsene Wenger said. "We have promised ourselves to give everything until the end of the sea son. There are still seven games. It is a long time there are many games." In Sunday's other match, Aston Villa's relegation worries were eased by a 1-0 victory over Newcastle that put the team five points above the drop zone. James Collins headed in the goal in the 24th minute after connecting with Ashley Young's free kick. In the Monday night match, Manchester City will try to keep its faint title hopes alive with a victory at Liverpool, but even then, the big-spending team would be 10 points behind United. Arsenal remains the biggest threat to United's bid for a recordbreaking 19th league title. LONDON American investor Stan Kroenke is set to take control of Premier League club Arsenal and end the long-running uncertainty about the ownership, according to a supporters group. The Arsenal Supporters' Trust told The Associated Press on Sunday that Kroenke plans to raise his holding from just under 30 percent to 62 percent, exceeding the 50 percent threshold that gives him legal control. The AST, whose members own around 3 percent of the club, said an announcement is to be made Monday that Kroenke has agreed to buy the shares of Danny Fiszman and Nina Bracewell-Smith. Each of them has a 16 percent stake in Arsenal, which is listed on London's Plus Market. By taking his holding beyond 50 percent, Kroenke would be obliged to make a formal offer for the remainder of the shares at around 11,500 pounds ($19,000 can compulsorily purchase the remaining shares. Four other Premier League clubs are owned by Americans Malcolm Glazer at Manchester United, John Henry at Liverpool, Randy Lerner at Aston Villa and Ellis Short at Sunderland while Chelsea, Manchester City, Fulham, Blackburn and Birmingham are also owned by foreigners. James' 27 lift Miami past Boston, 100-77 Arsenal beat Blackpool to stay in the title race In br ief American Kroenke set to take control of Arsenal n n INTERN ATION AL SPOR T (AP Photo/Alan Diaz TURNING UPTHEHEAT: Miami Heats Chris Bosh and Boston Celtics Rajon Rondo, bottom, vie for control of the ball as Bostons Glen Davis (11 F e l i p M a j o r / T r i b u n e s t a f f


SPORTS TRIBUNE SPORTS MONDAY, APRIL 11, 2011, PAGE 7E ANDROS CAT ISLAND ELEUTHERA MAYAGUANA SAN SALVADOR GREAT INAGUA GREAT EXUMA CROOKED ISLAND / ACKLINS LONG ISLAND ABACO S hown is today's weather. Temperatures are today's h ighs and tonights's lows. KEY WEST WEST PALM BEACH FT. LAUDERDALE TAMPA ORLANDOL ow: 66F/19C Low: 70F/21C L ow: 71F/22C L ow: 74F/23C Low: 72F/22C L ow: 75F/24C Low: 73F/23C L ow: 69F/21C High: 90F/32C High: 88F/31C High: 85F/29C H igh: 85F/29C High: 88F/31C H igh: 85F/29C H igh: 85F/29C L ow: 71F/22C High: 85F/29C L ow: 71F/22C H igh: 85F/29CRAGGED ISLANDL ow: 69F/21C H igh: 87F/31C L ow: 71F/22C H igh: 83F/28C L ow: 68F/20C H igh: 82F/28C Low: 69F/21C High: 85F/29C Low: 72F/22C H igh: 87F/31C L ow: 70F/21C H igh: 84F/29C Low: 69F/21C H igh: 86F/30C Low: 70F/21C High: 89F/32C L ow: 70F/21C H igh: 88F/31C High: 86F/30CFREEPORT NASSAU MIAMI THE WEATHER REPORT 5 -DAYFORECASTBright sunshine Mainly clearSunny and nicePartly sunny Sunny to partly cloudy High:85Low:73High:86High:86High:84 AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeelWarm with plenty of s unshine High:86Low:74Low:75Low:73 AccuWeather RealFeel 95F The exclusive AccuWeather RealFeel Temperatureis an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and elevation on the human bodyeverything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day. 75F 99-76F 98-76F 92-74F 94-74F Low:73TODAYTONIGHTTUESDAYWEDNESDAYTHURSDAYFRIDAY ALMANACHigh ..................................................83F/28C Low ....................................................68F/20C Normal high ......................................81F/27C Normal low ........................................68F/20C Last year's high ..................................88F/31C Last year's low ..................................72F/22C As of 2 p.m. yesterday ..................................0.00" Y ear to date ..................................................2.40" N ormal year to date ......................................6.01" Statistics are for Nassau through 2 p.m. yesterday Temperature Precipitation SUNANDMOON TIDESFORNASSAU F irst F ullLast N ew A pr. 11Apr. 17Apr. 24May 3Sunrise . . . 6:52 a.m. S unset . . . 7:30 p.m. Moonrise . 12:57 p.m. M oonset . . 1:49 a.m. T oday Tuesday Wednesday Thursday HighHt.(ft.LowHt.(ft. 12:49 a.m.2.67:22 a.m.0.4 1:16 p.m.2.27:25 p.m.0.3 1:50 a.m.2.68:22 a.m.0.3 2 :22 p.m.2.38:34 p.m.0.1 2:53 a.m.2.79:21 a.m.0.0 3 :27 p.m.2.59:41 p.m.0.0 3:53 a.m.2.810:16 a.m.-0.3 4:27 p.m.2.810:45 p.m.-0.3 F riday Saturday Sunday 4:50 a.m.2.811:09 a.m.-0.6 5:23 p.m.3.111:44 p.m.-0.6 5:45 a.m.2.912:00 p.m.-0.9 6 :16 p.m.3.3----6:37 a.m.2.912:39 a.m.-0.7 7 :08 p.m.3.512:50 p.m.-1.0 MARINEFORECAST WINDSWAVESVISIBILITYWATER TEMPS. ABACO ANDROS CAT ISLAND CROOKED ISLAND ELEUTHERA FREEPORT GREAT EXUMA GREAT INAGUA LONG ISLAND MAYAGUANA NASSAU SAN SALVADOR RAGGED ISLAND Today:E at 7-14 Knots3-5 Feet10 Miles78F Tuesday:S at 4-8 Knots3-5 Feet10 Miles78F Today:E at 4-8 Knots1-3 Feet10 Miles79F Tuesday:SSE at 3-6 Knots1-2 Feet10 Miles79F Today:ENE at 6-12 Knots2-4 Feet10 Miles79F Tuesday:ESE at 6-12 Knots2-4 Feet10 Miles78F Today:ENE at 7-14 Knots1-3 Feet10 Miles79F Tuesday:E at 6-12 Knots1-3 Feet10 Miles79F Today:ENE at 6-12 Knots2-4 Feet10 Miles76F Tuesday:ESE at 4-8 Knots2-4 Feet10 Miles77F Today:ENE at 3-6 Knots1-3 Feet10 Miles79F Tuesday:SSW at 4-8 Knots1-3 Feet10 Miles78F Today:NE at 4-8 Knots0-1 Feet10 Miles78F Tuesday:ESE at 6-12 Knots1-2 Feet10 Miles77F Today:ENE at 7-14 Knots1-3 Feet10 Miles80F Tuesday:ESE at 7-14 Knots1-3 Feet10 Miles80F Today:ENE at 6-12 Knots1-2 Feet10 Miles79F Tuesday:ESE at 6-12 Knots1-2 Feet10 Miles78F Today:ENE at 6-12 Knots2-4 Feet10 Miles79F Tuesday:E at 7-14 Knots3-5 Feet10 Miles79F Today:ENE at 4-8 Knots0-1 Feet10 Miles78F Tuesday:ESE at 4-8 Knots1-2 Feet10 Miles77F Today:NE at 7-14 Knots1-3 Feet10 Miles79F Tuesday:E at 6-12 Knots1-2 Feet10 Miles79F Today:NE at 6-12 Knots1-2 Feet10 Miles79F Tuesday:ESE at 6-12 Knots1-3 Feet10 Miles78F UV INDEXTODAYThe higher the AccuWeather UV IndexTMnumber, the greater the need for eye and skin protection.Forecasts and graphics provided by AccuWeather, Inc. H L L Atlanta A t l a n t a Highs: 82F/28C H i g h s : 8 2 F / 2 8 C Kingston K i n g s t o n Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Caracas C a r a c as Highs: 89F/32C H i g h s : 8 9 F / 3 2 C Panama City P a n a m a C i t y Highs: 90F/32C H i g h s : 90 F / 32 C Limon L i m o n Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Managua M a n a g u a Highs: 92F/33C H i g h s : 9 2 F / 3 3 C Cozumel C o zu m e l Highs: 87F/31C H i g h s : 8 7 F / 3 1 C Belize B e l i z e Highs: 87F/31C H i g h s : 8 7 F / 3 1 C Charlotte C h a r l o t t e Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Charleston C h a r l es t o n Highs: 87F/31C H i g h s: 8 7 F / 31 C Savannah S a v a n n a h Highs: 86F/30C H i g h s : 86 F / 30 C Pensacola P e n s a c o l a Highs: 83F/28C H i g h s : 8 3 F / 2 8 C Daytona Beach D a yt o n a B ea c h Highs: 86F/30C H i g h s : 8 6 F / 30 C Tampa T a m p a Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Freeport F r e e p o r t Highs: 86F/30C H i g h s : 8 6 F / 30 C Miami M i a m i Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Nassau N a s s a u Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Havana H a v a n a Highs: 89F/32C H i g h s : 8 9 F / 3 2 C Santiago de Cuba S an t i a g o d e C u b a Highs: 83F/28C H i g h s : 8 3 F / 2 8 C San Juan S a n J u a n Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Santa S a n t a Domingo D o m i n g o Highs: 87F/31C H i g h s : 8 7 F / 3 1 C Trinidad T r i n i d a d Tobago T o b a g o Highs: 86F/30C H i g h s: 8 6 F / 3 0 C Port-au-Prince P o r t a u P r i n c e Highs: 92F/33C H i g h s: 92 F / 3 3 C C ape Hatteras C a p e H a t t e r a s Highs: 74F/23C H i g h s : 7 4 F / 23 C Aruba Curacao A r u b a C u r a ca o Highs: 87F/31C H i g h s : 8 7 F / 3 1 C Antigua A n t i g u a Highs: 84F/29C H i g h s : 8 4 F / 2 9 C Barbados B a r b a d o s Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Bermuda B e r m u d a Highs: 69F/21C H i g h s : 6 9 F / 2 1 C Atlanta Highs: 82F/28C Kingston Highs: 85F/29C Caracas Highs: 89F/32C Panama City Highs: 90F/32C Limon Highs: 86F/30C Managua Highs: 92F/33C Cozumel Highs: 87F/31C Belize Highs: 87F/31C Charlotte Highs: 86F/30C Charleston Highs: 87F/31C Savannah Highs: 86F/30C Pensacola Highs: 83F/28C Daytona Beach Highs: 86F/30C Tampa Highs: 88F/31C Freeport Highs: 86F/30C Miami Highs: 88F/31C Nassau Highs: 85F/29C Havana Highs: 89F/32C Santiago de Cuba Highs: 83F/28C San Juan Highs: 86F/30C Santa Domingo Highs: 87F/31C Trinidad Tobago Highs: 86F/30C Port-au-Prince Highs: 92F/33C Cape Hatteras Highs: 74F/23C Aruba Curacao Highs: 87F/31C Antigua Highs: 84F/29C Barbados Highs: 86F/30C B ermuda Highs: 69F/21C INSURANCEMANAGEMENTTRACKINGMAP Showers Warm Cold Stationary Rain T-storms Flurries Snow IceShown is today's weather. Temperatures are today's highs and tonight's lows. N S EW S E 7-14 knots N S EW E E E E W 7-14 knots N S EW S E 6 -12 knots N S EW S E 6 -12 knots N S EW S E 4 -8 knots N S EW S E 7-14 knots N S EW S E 7-14 knots N S EW E E E E W 4 -8 knots HERE'S a look at the top three finishers in the Mario's Bowling and Family Entertainm ent Palace's first Mario and Big O Fun Run/Walk Race held on Saturday morning: M ale Runners Under-19 Rashad Cartwright, Marcus Williams and Jason Williams. 1 9-29 Oneil Williams, dnovan Miller and Wayde Stubbs. 30-39 Sidney Collie, Nekeno Demeritte and Taffie Darling. 4 0-49 Mackey Williams, Ashton Murray and Roy Sanchez. 50-59 Douglas Storr, Michael Cunningham and Sam Brown. F emale Runners U nder-19 Zahra Powell, Alexandria Miller and Chyna Curry. 19-29 Jessica Murray, Marsha Johnson and Michelle Russell. 3 0-39 Kim Hopkins, Fiona Tucker and Roberta Quant. 40-49 Cherell Role, Genita Duncombe and Leslie Vanderpool. 5 0-59 Rose Stainslaus, Norma Miller and Linda Williams. Male Walkers U nder-19 Cezil Butterfield, Robert Scavalla and Johnathan Bullard. 30-39 Kaylyn Walker, Osmond Johnson a nd Keyno Hanna. 40-49 David Strachan, Delman Rolle and Steven Seymour. 50-59 Philip Moss, Kendall Rahming and C arison Williams. Female Walkers Under-19 Darette Strachan, Victoria Miller and Loletha Storr. 3 0-39 Raquel Burrows, Denise Johnson a nd Cleotisa McKenzie. 50-59 Margo Strachan, Joan Pinder and Keva Riley. Skaters Andrew Stafford and Alfred M unnings. Wheelchair Kleisha Rolle. before I really took off. But the walk was normal. After I picked up, that was it. I really didn't have anyone to push me, so I just walked normal. I didnt have any competition to push me. Even being injured, Im still the horse to beat. Once Im in it, they can expect me to win. Close to 300 competitors participated in the event, which left a big smile on the face of Leslie Miller, the CEO of Marios Bowling, who also competed in the walk segment. It was a very nice, very cool. I want to thank all of the participants who came out and supported Mario and Big O. We want to use this as an annual event, he insisted. We have a nice array of trophies to give out, but were going to do this as an annual event. Proceeds from the event will be given to A BC Prosthetics and Orthotics. A number of sponsors of the race were on hand to give out samples of their products. Included in them were Thompson Trading and Gatorade, Nautilus Water, Vitamin Water, Robin Hood and Phil's Food Services. Odell Carey, the Sales and Marketing manager at Marios Bowling, said for the first run, they were more than thrilled by the amount of participants. With this event, we named it after Mario and Big O because they both had a very special relationship," Carey said. "Big O was actually Marios personal trainer for track and field and so we decided to keep both of their memories alive. As you can see, there were fans here for both of them. By RENALDO DORSETT Sports Reporter A first professional season filled with its share of triumphs and pitfalls for Magnum Rolle, ended on a high note in the National Basketball Associations Developmental League. In the season finale, a 115113 loss to the Erie Bayhawks, R olle finished with 15 points, f our rebounds two steals and o ne blocked shot in 26 minutes o n the floor. The 6 forward started seven of his 15 games and finished third on the team in scoring at 14.1 points per game. He also averaged 5.5 rebounds, 1.2 blocks, and shot over 50 percent from the field. TheRed Claws finished the season at 18-32, fifth in the Eastern Conference and eliminated from playoff contention. Rolle, who was one spot away from making the Indiana P acers' roster in the NBA, was t he third overall pick in the first r ound of the D-League draft. H e appeared in two games to open the season, but had his year cut short soon thereafter. In May the Red Claws w aived Rolle due to an injury, but announced they would b ring him back when he returned to full health. H e was sidelined indefinitely with a knee injury, replaced by J ordan Eglseder, a 7-0, 280pound center, via the Available Player Pool. U pon completion of his rehab process, Rolle returned to the Red Claws lineup and made an immediate impact. I n his first game back, he came off the bench and canned2 0 points in 24 minutes. Heshot 9-19 from the field a nd 2-for-4 from the free throw line to go along with six rebounds and two assists. Since his return from injury Rolle averaged 15 points perg ame and recorded two double doubles. H is best outing of the season came March 31st in a 105-100 w in over the Fort Wayne Mad Ants when Rolle totaled 23 p oints and 12 rebounds. His first double double of the year came march 20th in a 107105 win over the Texas Leg-e nds when he poured in 16 points and grabbed 11 rebounds. R olle became arguably the biggest sports story in the country in 2010 when he He was selected by the Pacers with the 51st pick in the NBA Draft and became the first native Bahamian to hear his name called on draft night in over 30 years. Magnum Rolle was released by the Pacers, just a day before the NBA opened its regular season and two days before the Pacers were scheduled to showi ts 2010-11 roster. The decision to cut Rolle came as a surprise to many ash e had quickly become a fan favorite following his play in Las Vegas Summer and had been held in high regard by Pacers executives. Rolle was signed to a twoyear guaranteed contract inS eptember on the opening day of training camp. He was selecte d by the Pacers with the 51st pick in the NBA Draft and b ecame the first native Bahamian to hear his name called on d raft night in over 30 years. The Oklahoma City Thunder originally held the rights to the 51st pick, however they a greed to swap picks with the Pacers (with the 57th pick s elected Ryan Reid. T he 6'11" 230-pound forward out of Louisiana Tech joined a Pacer draft class which also included Fresno State forward Paul George and Cincinnati g uard Lance Stephenson. Rolles first professional season ends on high note WILLIAMS SURGES TO VICTORY F ROM page 1E RESULTS: MARIO AND BIG O FUN RUN/WALK RACE ONAROLLE: Magnum Rolle.


SPORTS PAGE 8E, MONDAY, APRIL 11, 2011 TRIBUNE SPORTS THE Government Secondary Schools Spoerts Association conmpleted itss occer competition on Friday at the Roscoe Davies Developmental Center at the Baillou Hills Sporting Complex with the RM Bailey Pacers and CI GibsonR attlers carrying home the girls and boys titles respectively. S enior Girls CR Walker and RM B ailey played to a scoreless tie, forcing a penalty shootout. I n the shootout, the RM Bailey prevailed 4-3 over t he CR Walker Knights. Raunice Butler, Jacqueline Petitfrere, Jenny Dorestina nd Christella Ornis all scored a goal for the Pacers. B urdecia Sands, Analicia Johnson and Linque C arey scored for the Knights. Senior Boys C I Gibson and CR Walker played to a 3-3 tie b efore they had to go to a penalty shootout. The Pac ers eventually won 3-2 as V alcin Lukin (4' Lafleur (12' L ouis (60' Lheintz Vincent (4' 11' and Jezreel Outten scored f or the Knights. n RM BAILEYSENIORGIRLS n CIGIBSONRATTLERSSENIORBOYS n CRWALKERSENIORGIRLS n CRWALKERSENIORBOYS PHOTOS: Wilson Bain RM Bailey Pacers, CI Gibson Rattlers carry off the girls and boys titles

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