A SECOND man c harged in the January 16 murder of Eamon Hepburn was arraigned in Magistrates Court yesterday. Police have now charged Rodney Sylvester, 25, ofW inders Terrace, in Hepburns murder. Mr Hepburn, 21, was found prostrate at Gilbert Street West, having suffered a gunshot injury tot he chest. S ylvester was not required to enter a plea to the charge during his arraignment before Deputy Chief MagistrateC arolita Bethell in Court 8, Bank Lane yesterday a fternoon. A Voluntary Bill of I ndictment is expected to be presented on June 23. P olice have also charged C harles Pandy, 37, of Winders Terrace in Hepb urns murder. P andy was arraigned on t he murder charge last T hursday. He was also charged with the murder of 31-year-old Carol JeanJ acques and the attempted murder of Rosita Louiceus. The two women were s hot off Bacardi Road. Ms Jacques was fatally shot in the chest. Ms Louiceus was also shot, reportedly in the s houlder. MINISTER of State for Social Services Loretta ButlerTurner told Freeport residents about the assistance they can access through the Departmentof Social Services and provided tips on how to prepare appli cations for social assistance. Mrs Butler-Turner pointed out that Grand Bahama receives the lions share of the budget for social services out side of New Providence, as the government recognises the continuing hardship that exists for residents of the island. During her address to the Marco City Branch of the FNM, Mrs Butler-Turner advised residents of a number of procedures in the depart ment, including those that involve emergency assistance. When you go to Social Services, if you go there needing food assistance you should not leave there empty handed, not on the day you come, she said. We have put in place an emer gency food assistance pro gramme. That means what when you come in and you say I have nothing in my cupboard to feed my children and to feedmy family, you should be given something when you walk out of there because we have put that mechanism in place that if only for the night, for you to have something to eat. The one thing about Social Services is that we want to ensure that you have food, shel ter and clothing those are the essentials. State Minister for Finance and Marco City MP Zhivargo Laing also told the crowd that over the past three years the government increased the Department of Social Services budget by $12 million. Just to put that in some per spective for you, that kind of increase had not been seen in 20 years in terms of Social Services, he said. LOCAL NEWS T HE TRIBUNE WEDNESDAY, APRIL 13, 2011, PAGE 3 By MEGAN REYNOLDS Tribune Staff Reporter firstname.lastname@example.org ATLANTIS resort operator Kerzner I nternational has responded to criticism of its staffs handling of a waterpark accident which ultimately took the life of a fiveyear-old girl. Eye-witness Toni Randall, a certified nurse from Flushing, Michigan, told the press that Brooklyn Keelia Rattai, five, of Edmonton, Canada, could have been saved if Ms Randall and other medical p rofessionals staying at the resort had not been ordered off the scene by staff lifeguards. Ms Randall said she responded immediately when she saw the child being carried from the pool and administered mouth-tomouth rescue breathing, and an Emergency Room doctor performed a jaw thrust to open her airway. When lifeguards arrived at the scene, Ms Randall said she advised them against performing CPR as the child still had a pulse. She told them she was a certified nurse with advanced cardiac life support training and documentation in her hotel room prove it, she said. However, Ms Randall said she was told t o stand back, along with the ER physician and an orthopaedic doctor and anes thesiologist who had also offered to assist, and the lifeguards wrongly administered CPR. Brooklyn was then taken by ambulance to Doctors Hospital where she died on Thursday. Ms Randall said the rescue took too l ong and the lifeguards should have been willing to allow the experienced health professionals to assist. However Kerzner Internationals senior vice-president of public affairs and retail services Ed Fields said staff followed the appropriate protocols in responding to the emergency and taking control of the situation. In a statement issued in response to The Tribune story published yesterday, Mr Fields said: Our thoughts and prayers go o ut to the Rattai family. The safety and security of our guests is always our foremost concern and we continually work to meet all applicable safety standards and protocols. Atlantis waterpark has been in operation for over 12 years and has safely hosted many millions of visitors. Atlantis' lifeguards are all trained and c ertified by the American Red Cross and we are a certified training centre for the American Heart Association and the National Safety Council of the United States. Our lifeguards and medical staff regularly receive updated training and all first responders received training on the recent American Heart Association's revised CPR p rotocol (revised December 2010 Our aquatics facilities are equipped with all safety and medical equipment rec ommended by the American Heart Association, American Red Cross and the National Safety Council of the United States. In responding to this incident, our staff did everything they could to provide life support assistance to the victim and foll owed the appropriate and most up to date protocols and procedures, pending arrival of Nassau's EMT personnel. In addition, our staff had, and used, all appropriate medical equipment, including an Automated External Defibrillator (AED), oxygen, and an all-purpose (child and adult) breathing mask. The electronic readout from the AED c onfirms CPR was correctly administered by our staff. To protect our guests and ensure they are being attended to by Bahamas-licensed and certified first responders familiar with the resort's emergency medical equipment, our staff are trained to decline offers of assistance from bystanders. This same protocol is followed by most r esorts and theme parks worldwide. Guest safety remains our first priority and our heartfelt condolences go out to the family during this difficult time. $12 MILLION MORE PROVIDED OVER THREE YEARS FOR SOCIAL ASSISTANCE Atlantis defends staffs handling of fatal accident SECOND MAN IS CHARGED WITH JANUARY MURDER C HARGED: R odney Sylvester I I n n r r e e s s p p o o n n d d i i n n g g t t o o t t h h i i s s i i n n c c i i d d e e n n t t , o o u u r r s s t t a a f f f f d d i i d d e e v v e e r r y y t t h h i i n n g g t t h h e e y y c c o o u u l l d d t t o o p p r r o o v v i i d d e e l l i i f f e e s s u u p p p p o o r r t t a a s s s s i i s s t t a a n n c c e e t t o o t t h h e e v v i i c c t t i i m m a a n n d d f f o o l l l l o o w w e e d d t t h h e e a a p p p p r r o o p p r r i i a a t t e e a a n n d d m m o o s s t t u u p p t t o o d d a a t t e e p p r r o o t t o o c c o o l l s s a a n n d d p p r r o o c c e e d d u u r r e e s s , p p e e n n d d i i n n g g a a r r r r i i v v a a l l o o f f N N a a s s s s a a u u ' s s E E M M T T p p e e r r s s o o n n n n e e l l . Kerzner Internationals senior vice-president of p ublic affairs and retail services Ed Fields
LOCAL NEWS T HE TRIBUNE WEDNESDAY, APRIL 13, 2011, PAGE 5 THE BAHAMAS VERYOWNSTREETPHILOSOPHER By AVA TURNQUEST Tribune Staff Reporter email@example.com THE mother of a high school student allegedly attacked by a security guard hit out at the pace of investiga-tions yesterday. Rosanna Stubbs, 34, told The Tribune she has taken her 15-year-old out of Anatol Rodgers High School as the accused security guard is still allowed to work at the school. Ms Stubbs said: No one has said anything to me about it. There have been no meetings to discuss what happened. The security guard is still there, how can I feel secure about my sons safety? She added: They still havent told me what my son did that could have made the security guard attack him. What is being done about it? Ms Stubbs, a Carmichael resident, said when she arrived at the school on March 31, her son had a swollen lip and his clothes were badly disheveled. Earlier that afternoon, students seated on the second school bus were asked to exit the vehicle by a senior master. Due to an incident on the first afterschool bus leaving the campus that day, it was reported that the senior master told remaining students to wait outside the school gates. Ms Stubbs said her son had not yet entered the second after-school bus when he was stopped by the senior master, who then asked a security guard to escort him off the property. According to the boy and several eye-witnesses, he was choked and slammed into the schools steel gate by the security guard as he waited outside for his ride. Ms Stubbs said: He called me but the phone just disconnected before he could say anything. When he called back he was crying. He told me that the security guard was trying to fight him. Regardless of whether her son was involved in any earlier altercation, Ms Stubbs said, the incident revealed that the administration has poor conflict resolution skills when it comes to dealing with students. Ms Stubbs said: When I asked the principal about it, she told me that she has already submitted her report to the Ministry of Education. How can she submit a report when there has never been a meeting with the security guard, or with my son, to discuss what happened? Ministry of Education officials have opted not to comment further on the matter as investigations continue. Last week, Director Lionel Sands expressed confidence in the disciplinary efforts of the administration at the school. By DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org FREEPORT A woman charged with perjury in connection with a Supreme Court matt er appeared in the Freeport Magistrates Court on Monday but the matter was adjourned to May 25 after her attorney failed to appear. Belinda Young was arraigned on March 25 in Court Two before Magistrate Andrew Forbes. She was not representedb y counsel at the time and was not required to enter a plea to the charge and the matter was adjourned to Monday, April 11. However, during the court hearing on Monday Carlson Shurland, who is now representing Young, was a no show in court and the matter was adjourneda gain. Young is on $5,000 bail with one surety. On March 9, Young was a key witness for the prosecution in the murder trial of her ex-boyfriend Troy Stephen Williams Jr, who was charged with the murder of 42-year-old Stanley McDonald Butterfield. Williams and Young were initially charged with Butt erfield's murder, however the Office of the Attorney General w ithdrew charges against Young in exchange for her becoming a witness for the Crown. Young had testified on the third day of the trial that the police had forced her to sign a written statement and threatened t o send her back to jail if she didnt sign it. Following her testimony on March 9, prosecutors informed the court that it did not wish to proceed with the matter against Williams and entered a nolle prosequi application in the Supreme Court. Williams was discharged of m urder. T HE Royal Bahamas Police Force has announced the appointment of Chief Superintendent Emrick Seymour to the rank of Acting Assistant Commissioner of Police. T he appointment, made by Governor General Sir Arthur F oulkes on the recommendation of the prime minister, comes as a result of Assistant Commissioner Willard Cun-ningham commencing vacation leave before eventual retirement. M r Seymour enlisted in the Force in 1980 and has worked extensively in Grand Bahama. In 2010, he was transferred to New Providence. Prior to his appointment as Acting Assistant Commissioner, Mr Seymour served inNew Providence as the Officer i n Charge of the Central Division from January 2011 and a s the officer in charge of research and planning from January, 2010. Mr Seymour holds an associate of arts degree from the College of the Bahamas and is currently pursuing a masters d egree in business administration. H e has participated in a number of international cours es including: Senior Police Administration Course, SPAC, Ottawa Systems Approach to Training, Development and I nstructional Technique Course, Developing Executive Leadership, Ocho Rios, Jamaica International Leadership Course, Sydney, Australia. In his new role as Acting A ssistant Commissioner of Police, Mr Seymour will share r esponsibility for the national policing support services. His new areas of responsibility include: Internal Security Division Armoury Canine Section Air Support Services Unit Marine Support Services U nit Communications and Technology Branch (Information Technology Department, Communications Section and Control Room) Maintenance Section Police Force Garage Scientific Support Services Reserves Division National Crime Preven tion Office Prosecutions Department Police Band Public Affairs and Communication Services Licensing Section Airport Division PERJURY CASE IS ADJOURNED AGAIN Mr Emrick Seymour is appointed Acting Assistant Commissioner of P olice Mother of student allegedly attacked by security guard criticises investigation EMRICK SEYMOUR has been appointed Acting Assistant Commis sioner of Police.
L OCAL NEWS P AGE 6, WEDNESDAY, APRIL 13, 2011 THE TRIBUNE THE Socit Gnrale Private Banking (Bahamas $30,000 to support the Nassau Music Society. The Societys president, Patrick Thomson, said without the continued support of corporate sponsors like the Socit Gnrale Private Banking they would not be able to continue to provide high-quality concerts and expose the Bahamian public and youth to international artists. He said Dominique Lefvre, managing director of Socit Gnrale Private Banking, and his company are the leading sponsor of the Nassau Music Society and have supported the organisation in its efforts to bring top-quality, international classical musicians to the Bahamas for many years. Artists Mr Thomson explained that all fea tured artists, in addition to the concerts they perform, are required to hold a free master class for young Bahamian musicians. After briefly speaking with violinist Alexandre DaCosta and piano virtuoso Wonny Song internationally renowned artists who performed two concerts in Nassau last month Mr Lefvre presented the Society with the cheque for $30,000. The Nassau Music Society's concert season is under the patronage of Sir Arthur Foulkes, Governor Gen eral of the Bahamas. Proceeds from the Nassau Music Society's concerts are used to support talented young Bahamians in pursuing music studies, mainly at the College of the Bahamas but also abroad. INSTEAD of soaking up the sun, sand and sea on her recent trip to the Bahamas, Rich Dad, Poor Dadco-author philanthropist, financial expert and entrepreneur Sharon Lechter put business before pleasure by paying a courtesy call to the United States Embassy along with Keshelle Kerr, a certified creative wealth coach and y outh financial educator. M s Kerr, who is also the organiser of Camp Milliona ire and the Money Game a s well as the founder of G irlfriends & Co womens network and the Teen Economic Empowerment Net-w ork (TEEN hosting Mrs Lechter who will be the keynote speaker at her upcoming Parents F inancial Literacy Conference on April 30 at the Wyndham Nassau Resort i n Cable Beach. Mrs Lechter, as many p eople know co-wrote Rich Dad, Poor Dad withR obert Kyosaki, said Ms K err. She is someone I have personally admired for years and commits herself to inspiring, encouraging and showing people ways to increase their wealth and I am thrilled t hat she has accepted the offer to come to this region to do something that I am also dedicated to. M r Kyosaki, who became a n international sensation with the book they cowrote, once stated: Sharon is one of the few natural entrepreneurs I have ever met. In the Rich Dad Company, I am the horn andS haron is the engine." Meanwhile, Mrs. Lechters vast accolades include her being one of 19p ersons including billionaire Charles R Schwab to be named to George WB ushs Presidents Council o n Financial Literacy. They were responsible to shape the course for a financially literate US by gathering information, recommendi ng improvements to n ational policies to the President and Treasury Secretary and assist Americans in understating anda ddressing financial mat ters. President Bush said of Mrs Lechter and her col l eagues: We want people to want people to own assets; we want people tob e able to manage their a ssets. We want people to understand basic financial concepts, and how credit c ards work and how credit s cores affect you, how you can benefit from a savings account or a bank account. Thats what we want. Andt his group of citizens has taken the lead, and I thank them. Public Affairs Officer of t he United States Embassy Erica Thiabud thanked Ms Kerr for inviting MrsL echter to the Bahamas to s hare her vast knowledge with the country. She also lauded their efforts in helpi ng people understand that d espite the economy, there is a way to still be successful. During the visit to the E mbassy, Mrs Lechter expressed her passion for financial literacy and the necessity of educating peo p le from all spheres of life. She added that both she and Ms Kerr are ardenta bout encouraging people t o become entrepreneurs and find ways to create more money so that they c an live the lifestyle they w ant. (You innovative and start making more money so thaty ou can live the lifestyle that you want, she said. This is not just living with in our means, but expand i ng your means. There is nothing like the passion, because once you learn thaty ou can create money, its a s kill for a lifetime, Mrs Lechter said. Best-selling author to speak at financial literacy conference FROMLEFT: Keshelle Kerr, CEO of Creative Wealth Bahamas joined Rich Dad, Poor Dad co-author Sharon Lechter (centre t esy call to the United States Embassy in the Bahamas with Public Affairs Officer Erica Thiabud to discuss an upcoming conference on f inancial literacy set for April 30 in Nassau. Photo courtesy/ Creative Wealth FROM LEFT: WONNY Song, piano virtuoso; Patrick Thomson, president of the Nassau Music Society; Italia Watkins-Jan, vicepresident/administrator of the Society; Dominique Lefvre, managing director of Socit Gnrale Private Banking (Bahamas Renee Barrow and Alexandre DaCosta, violinist. $30,000 donation for Nassau Music Society S AN JUAN, P uerto Rico Associated Press U.S. REGULATORSmay have set back plans for a new Caribbean discount a irline based in Barbad os. The Federal Aviation Administration said Tuesday that Barbados does not meet i nternational standards for airlines based on the island to fly to the U nited States. The s tandards are set by t he International Civil Aviation Organization,a U.N. technical a gency. Regulators An FAA spokeswoman, Alison D uquette, stressed that the FAA's assessment does not mean regulat ors think it is unsafe f or airlines based elsew here to serve Barbados, which is a populart ourist destination with o ne of the highest standards of living in the region. Duquette said the U.S. agency does not reveal the specific reasoning for its assessm ent. B ut Anthony Archer, director of Barbados' Civil Aviation Depart ment, said the maini ssue is that his agency did not have adequate staff. "We are address ing it as we speak," he s aid by phone from Barbados. Archer said Barbad os sought the assessm ent because REDJet, a new Caribbean dis count airline based on the island, is expectedt o seek clearance to fly to the United States. REDJet, which has s aid it will start service in the Caribbean next month, did not respond to a request for com-m ent. C ARIBBEANNEWS BARBADOS AVIATION FAILS TEST FOR US-BOUND FLIGHTS
LOCAL NEWS T HE TRIBUNE WEDNESDAY, APRIL 13, 2011, PAGE 7 B y GENA GIBBS F IGHTING for Small Island Developing States (SIDS ecological protection is the mission of Khaled bin Sultans Living Oceans Foundation. After prior extensive aerial surveys and r econnaissance of the Cay Sal Bank, the first expedition will take place there on April 26. Prince Khaled bin Sultan of the Saudi Roy a ls began his foundation 10 years ago and is now funding a five-year global expedition. Since one of his passions is deep-ocean diving, he said he feels a special connection to the o cean. He has chosen a team of scientists who are now evaluating the impact that global pollution has on marine life and human survival. The first thing people ask is who is Khaled bin Sultan? He is a Saudi Arabian Royal and he is the Assistant Minister of Defence andA viation in the Kingdom of Saudi Arabia, said Captain Phil Renault, executive director of the Khaled bin Sultan Living Oceans Foun dation. So, everyone says, well how did he ever start this foundation? About 15 years ago, he built these ships and the ship were standing on r ight here is the Motor Yacht Golden Shadow. It is actually designed as a logistical support ship for the yacht he has. C aptain Renault explained that the captain o f the ship in the mid 90s realised the Golden Shadow was an amazing platform to conduct oceanographic research. The yacht began toa ttract business from many oceanographers and researchers from around the world. And then someone advised the Prince that might be the proper time to establish a foundation, and that was the genesis of the Khalid bin Sultan Living Oceans Foundation. We just turned 10 years old, said Captain Renault. I consider the first decade of our foundation to be a developmental phase and the first generation in building capabilities and capac ities. We are looking forward to entering what I consider the second generation of the Living Oceans Foundation and that is this global reef expedition. It is a very, very ambitious pro ject. The Living Oceans Foundation chose the Bahamas to launch their Science Without Borders research project on board the Motor Yacht Golden Shadow to examine the coral reef systems in the Red Sea, Atlantic, Pacific,and Indian Oceans. The foundation spent their first 10 years finding a niche in coral reef studies and sur v eys. Now they will spend the next five years going around the world mapping, characteris ing, and surveying the ocean resources. Beginning right here in the Bahamas, well take this ship around the world and well survey both remote and near shore coral reefs. Were going to look across gradients of biodi versity, and man-made stress, and try to close some of these scientific gaps, said Captain Renault. We have some significant gaps in the scientific knowledge on these coral reef ecosystems and our contribution will be to applied science. Products and outputs from this big project can go directly towards management and thats where it all becomes important. Captain Renault said that global resource managers in business to protect coral reefs and their future natural sustainability are hungry for information. They are hungry for maps and they are hungry for outputs from a project like ours, said Captain Renault. ByK QUINCY PARKER Press Attach Embassy of The Bahamas W ASHINGTON, DC State Minister for Labour and Social Development Loretta Butler-Turner said she would support the exploration of thei nstitution of some form of temporary informal quotai n the Bahamas as a mechanism to ensure gender parity. I think there is some appetite for it, the ministers aid in the margins of a week of meetings in DC, referring to the idea of gender-baseda ffirmative action in the Bahamas. Mrs Butler-Turner, who is c urrently the only woman in C abinet, talked about the need for the equal engage ment of girls and boys as students, and men and women in the professional world. For women and girls to be engaged as m uch as men and boys means you are utilisi ng all of the potential in your society, she said. Were not truly utilising the fullest potential of society when you dont have thef emale component. The state minister highlighted some segments of Bahamian society she deemed i nstructive. In the judiciary, females have made tremendous strides, and that should be commended, Mrs Butler-Turner said. (Howe ver), weve got to find a way to have more women involved in the (executive and leg islative) process. Women do not just look at female issues, they look at issues that affect t he whole family, which is the difference. In civil society, women have got to be more engaged, she added. The state minister was in Washington for meetings at the Organisation of American States (OAS( WBG) and the Inter-American Development Bank (IDB had a similar tone, with the international organisations all examining what could have b een done differently with respect to the years before the global economic meltdown. The common thread, she said, was gender p arity; equality as a right, not a concession. There is a great movement toward gender mainstreaming in its most basic form, shes aid. The call is for equity on the part of both g enders in all segments of society. At the OAS, Mrs Butler-Turner took part in the Hemispheric Forum on WomensL eadership For A Citizens Democracy. The forum recognised the substantial progress women have made over the last 60 years in the civil and political arenas, while noting still limited access to p olitical decision-making posit ions in executive, legislative a nd electoral bodies and political parties. The forum was organised in response support of commitments adopted by OAS andU nited Nations Member States through the International Conv ention on Civil and Political R ights, the Convention on the Elimination of All Forms of Discrimination against Women( CEDAW), the Inter-American Democratic Charter and other agreements. The goals oft he gathering were to bring w omens visions, experiences a nd aspirations to the construction of citizens democracy w ith full equality for men and women and to strengthen understanding of the current c hallenges that democratic systems face in o rder to guarantee the exercise of womens substantive political citizenship. Among the featured presenters at the OAS F orum were Trinidad and Tobago Prime Minister Kamla Persad-Bissessar, Barbados former Deputy Prime Minister and firstf emale Attorney General Mia Mottley and f ormer Chilean President Michelle Bachelet, UN Under Secretary-General and Executive Director of UN Women. Gender parity is also now a major focus of the World Bank Group, the minister said. Mrs Butler-Turner reported that among t he main focuses of the WBG meeting was the examination of the participation of women in the formal employment sector. In the context of gender equality, development a nd economic sustainability, the World Bank meeting discussed whether productivity and p rofitability increase with fuller engagement o f all citizens. The IDB, meanwhile, has created a new unit focusing on increasing social securityc overage in Latin America and the Caribbean, the thinking being that with stronger social safety nets in place, people are less likely to fall into abject poverty. There were two days of discussions on the introduction of advanced social security and cutting-edge methodologies in the hemi s phere. Mrs Butler-Turner noted that the steps taken by the Government of the Bahamas to mitigate the effects of the economic downturn and in particular the timeliness of the imple mentation of those steps were discussed and lauded by those in the region. Minister open to action for gender parity for Bahamas STATE MINISTER FOR LABOUR and Social Development Loretta Butler-Turner Living Oceans Foundation fights ocean pollution in Small Island Developing States THE MOTOR YACHT GOLDEN SHADOW sits at the Prince George Dock, equipped for its geopolitical miss ion in the fight for scientific right to ecological protection of Small Island Developing States (SIDS CAPTAIN PHILLIP RENAULT executive director of the Khalid bin Sultan Living Oceans Foundation, explains the history of the Foundation over the last 15 years. AFTER PRIOR EXTENSIVE aerial surveys and reconnaissance of Cay Sal Bank, the first expedition will take place there on April 26. Captain Phillip Renault looks on as Dr Andy Bruckner, Living Oceans chief scientist, points out the areas where the expedition will take place in Cay Sal. Gena Gibbs /BIS
B y LARRY SMITH AS Chrissy Love said recently on the ZNS call-in show Immediate Response "Chile I been on more diet than Oprah." Her pointw as that diets don't work at least not in the long-term. As we all know, it's hard to stick to any diet, and sooner or later we give up and r ejoin the world of uncont rolled eating, usually gaining back the few pounds we lost plus a little more. Most of us simply shrug our shoulders and move on. But a groundbreaking new book by the former head of t he US Food and Drug A dministration reveals that f ood is now a top public h ealth issue, and he tries to e xplain how we can scient ifically address our compulsive urge to overeat. Addicts The unfortunate fact is, says Dr David Kessler in The End of Overeating that we have all become addicts hooked by overstimulate d brain chemicals on huge portions of food layered and l oaded with sugar, fat and s alt, and offering little or no n utritional value. Kessler, a Harvard-educated paediatrician, argues that until we fundamentally alter our eating behaviour, we will continue to wastem oney on ineffective w eight-loss schemes while running the risk of all those deadly medical conditionst hat are caused by obesity including diabetes, heart disease, stroke, liver disease, a rthritis and some cancers. N aturally, his book f ocuses on Americans and t he American food industry i n particular. But Bahamians are in the same overloaded boat, as Health Minister Dr Hubert Minnis has frequently pointed out. And since most of our processed foods and chain restaurants a re American, Kessler's facts about overeating are just as applicable here. K essler is perhaps best k nown for his efforts to i nvestigate and regulate the tobacco industry, and his accusation that cigarettem akers intentionally manipulated nicotine content to make their products morea ddictive. His new book c ompares the food industry to big tobacco. "The attitudes that crea ted the social acceptability o f smoking shifted, and m any of us began to see s moking as deviant, even r epulsive behaviour. A consensus emerged that the cigarette, and the industry that manufactured it, was abhorrent. We moved from glorification to demonisation." So we need to change our t hinking about big food in the same way. As Kessler says, "Its ubiquitous prese nce, large portion sizes, i ncessant marketing, and the c ultural assumption that its acceptable to eat anywhere at any time (are you listen i ng civil servants?) puts us at risk...And people need to hear repeatedly, from manys ources, that selling, servi ng, and eating food layered and loaded with sugar, fat and salt has negative, unhealthy consequences." K essler's book begins w ith the observation that for thousands of years human b ody weight stayed remarkably stable, so that people w ho were overweight stood apart from the general population. A perfect biologic al system seemed to be at work until something hap p ened in the 1980s. W hen researchers sur veyed government health and nutrition data collected from 1988 to 1991 itb ecame apparent that fully one-third of the entire American adult populationw as overweight an abrupt increase. The landmark study showing that the rate of obesity in America hade xploded was published in t he July 1994 issue of the Journal of the American Medical Association. Cultur e K essler's book is the result of the years of thinking and study he wentt hrough to try to make s ense of those findings. As he points out, food had become more readily available in the 1970s and 80s, along with larger portion sizes, more chain restaurants, more neighbourhood food outlets, and a culture that promoted more out-ofhome eating. But there had to be something more dri ving us to overeat. His conclusion in a nutshell is that sugar, fat and salt cause us to eat more sugar, fat and salt. It's all about "palatability", a term scientists use to refer to food that has the capacity to stimulate the appetite and drive us to eat more. "It's the stimulation, rather than general hunger," he says, "that makes us put food into our mouths long after our caloric needs are satisfied." Decades of research into human taste, food prefer ences and dietary choices, have confirmed that what stimulates us most is a com bination of sugar and fat. Mix the same amount of sugar into low fat and high fat products and people always choose the higherfat mixtures something that restaurants like the Cheesecake Factory were quick to figure out. K essler's insights into the f ood industry are the most compelling part of the book. H e reports inside information from a variety of food c onsultants who confirmed that the industry creates dishes specifically to hit the t hree points of the compass sugar, fat and salt. Chicken tenders," he w rites, "are so loaded with batter and fat that my source jokes that they're a UFO an unidentified friedo bject. Salt and sugar are loaded into the fat. Blooming Onions the trademarkO utback Steakhouse dish provide plenty of surface area to absorb fat. Fried in batter and topped withs auce their flavour comes f rom salt on sugar on fat." Eating high-sugar, highfat foods produces opioids in our brains that help calm us down and make us feel better at least in the short term. That's why infants cryl ess when given sugar water and why animals feel less pain when administered opi oid-like drugs. "Eating highly palatable food activates the opioid circuits...The more rewarding the food, the greater the attention we direct toward it and the more vigorously we pursue it." And the conditions under which we encounter foods switch on powerful brain chemicals that compel us to eat. We learn to want a food or some other substance we once liked. Putting all this together gives the following picture: "A cue triggers a dopamine-fueled urge...dopamine leads us to food...eating food leads to opioid release...and the pro duction of both dopamine and opioids stimulates further eating...The more rewarding the food, the stronger the learning experience that creates the auto matic behaviour." And the goal of food design is to make products as rewarding as possible. For example, Kessler describes the boneless chicken wings at Chili's Restaurant. The meat is injected with a solution of water, soy protein, salt and sodium phosphate. At the manufacturing plant the chicken is batt ered, breaded, and pred usted to create a salty coating that becomes crispy w hen fried in fat at the restaurant. T he coating is some 40 per cent fat and represents up to half of the volume of n uggets that end up on your plate. Added to this is as weet and salty sauce and a m ayonnaise-based dressing it's hyper-palatable food that requires little chewing and goes down easily. Theu nfortunate fact is that chemical-based processing has created a sort of adultb aby food. F ats And we are eating more of everything these days.P er capita consumption of fats and oils in the US jumped 63 per cent over the past 30-odd years. Use ofs ugars and sweeteners was u p 19 per cent. We ate 43 per cent more grain and 7 per cent more meat, eggs,a nd nuts over the same peri o d. We are also eating 24 per cent more vegetables but most of those are deepfried potatoes, otherwise known as french fries. Then there are the portion sizes. Food designers say that if you make plates bigger and fill them more, everyone makes more money. Supersize options and all-you-can-eat specials give consumer access to a bottomless well of food for a fractional increase in cost. It's cheap and its always available. "Conditioned overeating is a syndrome, or a condition characterised by a cluster of symptoms," Kessler concludes. "These patterns almost certainly contribute significantly to the exploding obesity epidemic...A conducive environment is necessary to trigger hypereating. That's exactly what we have today." The bad news is that there's no quick fix it's simply impossible to avoid the temptation of highly palatable foods all the time in today's world. The good news is that we can begin to train ourselves to alter the reactions that are generated by stimulation. And awareness of the problem is the first step along this road, Kessler says. "Once I thought a big plate of food was what I wanted and needed to feel better. Now I see that plate for what it is layers of fat on sugar on fat that will never provide lasting satisfaction and only keep me coming back for more. I have changed the reward value of the stimulus." Over to you Chrissy. P AGE 8, WEDNESDAY, APRIL 13, 2011 THE TRIBUNE Why we overeat and how to end it D D e e c c a a d d e e s s o o f f r r e e s s e e a a r r c c h h i i n n t t o o h h u u m m a a n n t t a a s s t t e e , f f o o o o d d p p r r e e f f e e r r e e n n c c e e s s a a n n d d d d i i e e t t a a r r y y c c h h o o i i c c e e s s , h h a a v v e e c c o o n n f f i i r r m m e e d d t t h h a a t t w w h h a a t t s s t t i i m m u u l l a a t t e e s s u u s s m m o o s s t t i i s s a a c c o o m m b b i i n n a a t t i i o o n n o o f f s s u u g g a a r r a a n n d d f f a a t t . Shar e your news The T ribune wants to hear fr om people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for impr ovements in the area or have won an awar d. If so, call us on 322-1986 and shar e your stor y
I NTERNATIONAL NEWS PAGE 10, WEDNESDAY, APRIL 13, 2011 THE TRIBUNE TOKYO Associated Press J APANranked its nuclear c risis at the highest possible s everity on an international scale the same level as the 1986 Chernobyl disaster even as it insisted Tuesday that radiation leaks are declining a t its tsunami-crippled nuclear plant. T he higher rating is an open acknowledgement of what was widely understood already: The nuclear accident at the Fukushima Dai-ichi plant is the second-worst in history. It d oes not signal a worsening of t he plant's status in recent days o r any new health dangers. Still, people living nearby who have endured a month ofs pewing radiation and frequent earthquakes said thec hange in status added to their u nease despite government e fforts to play down any notion that the crisis poses immediate health risks. M iyuki Ichisawa closed her coffee shop this week when the government added herc ommunity, Iitate village, and f our others to places people should leave to avoid longterm radiation exposure. The additions expanded the 12mile (20-kilometer where people had alreadyb een ordered to evacuate soon after the March 11 tsunami swamped the plant. "And now the government is officially telling us this accid ent is at the same level of Chernobyl," Ichisawa said. It's very shocking to me." Japanese nuclear regulators said the severity rating wasr aised from 5 to 7 on an inter national scale overseen by the International Atomic Energy Agency due to new assess-m ents of the overall radiation leaks from the Fukushima Dai-ichi plant. A ccording to the Viennabased atomic energy agency, the new ranking signifies am ajor accident that includes w idespread effects on the envi ronment and people's health. The scale, designed by expertsc onvened by the IAEA and other groups in 1989, is meant to help the public, the technical community and the media understand the public safety implications of nuclear events. T he International Atomic Energy Agency said Japan's decision did not mean the dis aster had been downplayed p reviously. Early actions by Japanese authorities evacuations, radiation warnings and the w ork at the plant to contain leaks showed they realized the gravity of the situation, Denis Flory, an IAEA deputyd irector general, said. The upgraded status did not mean radiation from the plant was worsening, but rather r eflected concern about longterm health risks as it continues to spew into the air, soil and seawater. Most radiatione xposures around the region haven't been high enough yet to raise significant health con cerns. Workers are still trying to restore disabled cooling systems at the plant, and radioactive isotopes have been detect ed in tap water, fish and vegetables. Iitate's town government decided Tuesday to ban planting of all farm products, including rice and vegetables, expanding the national gov ernment's prohibition on growing rice there. Japan's prime minister, Naoto Kan, went on national television and urged people not to panic. "Right now, the situation of the nuclear reactors at the Fukushima plant has been stabilizing step by step. The amount of radiation leaks is on the decline," he said. "But we are not at the stage yet where we can let our guard down." Japanese officials said the leaks from the Fukushima plant so far amount to a tenth of the radiation emitted from Chernobyl, but about 10 times the amount needed to reach the level 7 threshold. They acknowledged the emissions could eventually exceed Cher nobyl's, but said the chance that will happen is very small. However, regulators have also acknowledged that a more severe nuclear accident is a distinct possibility until regular cooling systems are restored a process likely to take months. "Although the Fukushima accident is now at the equal level as Chernobyl, we should not consider the two incidents as the same," said Hiroshi Horiike, professor of nuclear engineering at Osaka University. "Fukushima is not a Cher nobyl." In Chernobyl, in what is now the Ukraine, a reactor exploded on April 26, 1986, spewing a cloud of radiation over much of the Northern Hemisphere. A zone about 19 miles (30 kilometers the plant was declared unin habitable. Thirty-one men died mostly from being exposed to very h igh levels of radiation trying to contain the accident. But there is no agreement on how many people are likely to die of cancers caused by its radiation. No radiation exposure d eaths have been blamed on the leaks at Fukushima Daiichi. Two plant workers were treated for burns after walking in heavily contaminated water in a building there. The tsunami, spawned by a 9 .0-magnitude earthquake, knocked out cooling systems a nd backup diesel generators, leading to hydrogen explosions a t three reactors and a fire at a fourth that was undergoing regular maintenance and was empty of fuel. Workers have b een improvising for weeks w ith everything from helicopter drops to fire hoses to s upply cooling water to the p lant. Hidehiko Nishiyama, a spokesman for Japan's Nuclear and Industrial Safety A gency, noted that unlike in C hernobyl there have been no explosions of reactor cores, which are more serious than hydrogen explosions. In that sense, this situation i s totally different from Chernobyl," he said. N ISA officials said they raised the incident level because of the cumulative amount of radioactive particles released into the atmosp here. Other factors included damage to the plant's build i ngs and accumulated radiation levels for its workers. The revision was based on cross-checking and assess m ents of data on leaks of radioactive iodine-131 and cesium-137. Officials did not say why they skipped level 6 or w hen exactly the radiation lev el exceeded the level 7 threshold. B ased on government esti mates, the equivalent of 500,000 terabecquerels of radi-a tion from iodine-131 has been r eleased into the atmosphere since the crisis began, well above the several tens of thou sands of terabecquerels needed to reach level 7. A terabec querel equals a trillion bec q uerels, a measure of radia tion emissions. The Chernobyl incident released 5.2 million terabecquerels into the air. We have refrained from making announcements until we have reliable data," Nishiyama said. He also emphasized that no more major leaks are expected from the reactors, though he acknowledged more work is needed to keep the reactors stable. Work to stabilize the plant has been impeded by continued aftershocks, the latest a 6.3-magnitude quake Tuesday that prompted plant operator Tokyo Electric Power Co., or TEPCO, to temporarily pull back workers. Work removing highly radioactive water, a necessary step before cooling systems can be restored, final ly resumed around 7:30 p.m. In his televised address, Kan gave the nation a pep talk, telling people to focus on recovering from the disasters that are believed to have killed 25,000 people. "Let's live normally without falling into excessive selfrestraint," he said. "We should eat and drink products from the quake-hit areas as a form of support." Many of the more than 14,500 people still listed as missing from the quake and tsunami are thought to have been swept out to sea. A month after the disaster, more than 145,000 people are still living in shelters. Among them is Kenichi Yomogita, a plumbing contract worker at Fukushima Dai-ichi who was off work the day of the tsunami and has not returned. His hometown of Tomioka is in the evacuation zone, and he thinks it will be at least three years before he can return. For now he is living ata shelter in Koriyama, and said the upgraded crisis level has not improved his hopes. "At first the reality of this situation didn't sink in," he said, "but this news shows how serious it is." Japan equates its nuclear crisis severity to Chernobyl IN THIS PHOTO released by Tokyo Electric Power Co. (TEPCO cover the sluice gate to stop drainage from Unit 2 reactor at the tsunami-crippled Fukushima Dai-ichin uclear power plant in Okumamachi, Fukushima Prefecture, northeastern Japan. Japan's nuclear regulat ors raised the severity level of the crisis at a stricken nuclear plant Tuesday to rank it on par with the 1986 Chernobyl disaster, citing the amount of radiation released in the accident. The Nuclear Safety Com mission and Nuclear and Industrial Safety Agency both announced the rating was being raised from 5 to 7 the highest level on an international scale overseen by the International Atomic Energy Agency. (AP A MAN USES A RADIATION DETECTOR to measure level of a pack of strawberries produced in Iwaki City, Fukushima Prefecture, during an event to promote safety of their agricultural products in Tokyo, Tuesday, April 12, 2011. Koji Sasahara /AP SHARM EL-SHEIKH, Egypt Associated Press FORMEREgyptian President Hosni Mubarak was abruptly hospitalized Tuesday for heart problems during an investigation over allegations of corruption and the violence against protesters, reported state TV. The 82-year-old former president was deposed Feb. 11 after 18 days of popular protests and has been under house arrest in the Red Sea resort of Sharm El-Sheikh for the last two months. The public prosecutor said Monday he would be questioned. Mubarak's two sons were also summoned and were being questioned at the prosecutor's office in the provincial capital of El-Tor Tuesday. Dozens of demonstrators picketed the hospital, denouncing the president and carrying a sign reading "Here is the butcher." They scuffled with sup porters of Mubarak amid a massive security presence. Two security officials said Mubarak arrived under heavy police protec tion to the main hospital and, according to two doctors in the hospital, he stepped out of his armored Mercedes unaided and was taken to the presidential suite in the pyramid-shaped building. The officials and doctors spoke on condition of anonymity because they were not authorized to speak to the media. The protest movement that deposed Mubarak is now pushing for him to be brought to justice for what they say are decades of abuse and since Friday, hundreds have reoccupied parts of Tahrir Square in downtown Cairo. The protesters had criticized the army for being too close to the old regime and not swiftly bringing Mubarak to trial. On Tuesday, however, a scuffle broke out when some residents tried to break up the four-day sitin, removing barbed-wire and barricades. The army then moved in and took control of the square and cordoned off the once grassy roundabout that had been the center of many demonstrations. Sanaa Seif, a 17-year-old on the scene, said she saw the army forcibly remove people. Egypt's state news agency reported that the military police had detained a number of "outlaw thugs" at the square. Mubarak has been suffering for a number of ail ments and underwent gallbladder surgery in Germany in March last year. He has kept a low profile since he was ousted, living on his compound in Sharm el-Sheikh. He was banned from traveling and his assets have been frozen. Many of his senior aides have already either been questioned or detained pending investigations. Egypt's state TV reported that Safwat el-Sherif, a senior aide of Mubarak and one of the most powerful men in his regime, was ordered detained for an additional 15 days pending investigation into his role in attacks on pro testers during the uprising. El-Sherif had already been remanded into custody for 15 days pending corruption investigations. On Sunday, Mubarak defended himself in a prerecorded message sayinghe had not abused his authority, and investiga tors were welcome to check over his assets. It was his first address to the people in the two months since he stepped down. Shortly after, the prosecutor general issueda summons for Mubarak to appear for questioning. Deciding on the site for the interrogation was a dilemma for the authori ties who wanted to grant the ailing president a degree of privacy and security. EGYPT'S MUBARAK IN HOSPITAL WITH HEART PROBLEMS
INTERNATIONAL NEWS T HE TRIBUNE WEDNESDAY, APRIL 13, 2011, PAGE 11 A JDABIYA, Libya Associated Press MOAMMAR GADHAFI'Sforces fired rockets along the eastern front line and shelled the besieged cityof Misrata on Tuesday as F rance and Britain said NATO should be doing more to pressure the regime. Several rockets struck Ajdabiya, the main point leading into the rebel-held east, and w itnesses also reported s helling in Misrata, the only major city in the western half of Libya that remains under p artial rebel control. Weeks of fierce governm ent bombardment of Misr ata have terrorized the city's r esidents, killing dozens of people and leaving food and medical supplies scarce,a ccording to residents, doctors and rights groups. International groups are warningo f a dire humanitarian crisis in L ibya's third-largest city. "Unfortunately, with the long-range war machines of G adhafi forces, no place is safe in Misrata," a medical official in Misrata told TheA ssociated Press, asking that his name not be published for fear of reprisals. Six people were killed M onday and another corpse was brought in Tuesday, he said. F rench Foreign Minister Alain Juppe shred NATO's united front Tuesday, sayingi ts actions were "not enough" t o ease the pressure on Mis rata. He also said the alliance should be firing on thew eapons being used by Gadhafi's troops to target civili ans in Misrata. Britain's Foreign Secretary William Hague agreed that t he allies must "intensify" their efforts. France has played a particularly aggressive role in Libya i n recent weeks, pushing diplomatically for a U.N. res olution to allow the internat ional military operation and firing the first strikes in the campaign. France also was the first to recognize the Libyan o pposition and to send a diplomatic envoy to the rebelheld city of Benghazi. A NATO general rejected the criticism and said the alliance is performing well and protecting civilians. D utch Brig. Gen. Mark Van Uhm said the alliance was successful in enforcing an a rms embargo, patrolling a no fly zone and protecting civil ians. "I think with the assets w e have, we're doing a great job," he said. N ATO took over command of the operation over Libya from the U.S. on March3 1. N ATO said Tuesday that i ts aircraft destroyed four tanks near Zintan, 75 miles (120 kilometers the capital, Tripoli. A separate strike also destroyed ana mmunition storage site southwest of Sirte, a Gadhafi stronghold and home to the Libyan leader's tribe, the military alliance said. "We will continue to strike a t the regime's supplies and s upply lines and reduce their ability to fight," said the com mander of the NATO opera t ion, Canadian Lt. Gen. Charles Bouchard. Also Tuesday, a British g overnment official said Libya's former Foreign Minister Moussa Koussa is traveling to Qatar to share his i nsight on the workings of Gadhafi's inner circle. K oussa, who fled to England in late March, is the highe st ranking member of Gadhafi's regime to quit so far. He had been a longtime aidet hroughout Gadhafi's 42-year r ule. K oussa has been asked to attend the conference on Libya being held in Doha as a valuable Gadhafi insider, according to the official, whos poke on condition of anonymity because of the sensitivity of the situation. MI6 agents stopped questioning Koussa last week, according to the official.K oussa had been staying in a s afehouse until late Monday night, according to Noman Benotman, an ex-member oft he Libyan Islamic Fighting Group and relative of Koussa who has been in regular con-t act with the former foreign minister since he fled to Britain. Although Koussa was prov ided with legal advice, Benotman said he believed h e had "cleared most of the legal hurdles in the U.K." surr ounding his alleged involvement in the Lockerbie bombing and arming the IRA. B ritain's Foreign Office c onfirmed the trip in a statem ent Tuesday, saying that Koussa was "traveling today to Doha to meet with the Qatari government and a range of other Libyan repre-s entatives." African mediators were meeting in Algeria to discuss Libya on Tuesday, a day after the rebels rejected their ceasefire proposal. The rebels'l eadership council has insisted t hat Gadhafi must give up power. "Col. Gadhafi and his sons m ust leave immediately if he wants to save himself," said Mustafa Abdul-Jalil, a formerj ustice minister who split with Gadhafi and heads the Benghazi-based Transitional National Council. If not, the people are com ing for him." Battles in Libya as France urges NATO to do more A BOVE: R ebel fighters ride in a four wheel drive vehicle which had the top half of the cabin removed, o n the outskirts of Ajdabiya, Libya Tuesday, April 12, 2011. Moammar Gadhafi's forces fired rockets along the eastern front line and shelled the besieged city of Misrata on Tuesday as France said NATO s hould be doing more to take out the regime's heavy weaponry targeting civilians. (AP L EFT: A rebel fighter carries a shotgun plastered with stickers showing Libya's legendary anti-Italian fighter Omar al-Mukhtar and the colors of the opposition flag, on the outskirts of Ajdabiya, Libya Tuesday. (AP MOSCOW Associated Press RUSSIA must preserve its preeminence in space, President Dmitry Medvedev declared Tues day on the 50th anniversary of the first human spaceflight by cos monaut Yuri Gagarin. The statement followed warnings by another cosmonaut that Russia risks losing its edge in space research by relying solely on Soviet-era achievements and doing little to develop new space technologies. Gagarin's 108-minute mission on April 12, 1961, remains a source of great national pride, and Russia marked the day with fanfare resembling Soviet-era celebrations. Schools had special lessons dedicated to Gagarin, billboards carried his smiling face and national television channels broadcast a flow of movies and documentaries about the flight. Achievements "We were the first to fly to space and have had a great num ber of achievements, and we mustn't lose our advantage," Medvedev said during a visit to Mission Control outside Moscow. On Monday, Svetlana Savitskaya, who flew space missions in 1982 and 1984 and became the first woman to make a spacewalk, harshly criticized the Kremlin for paying little attention to space research after the 1991 collapse of the Soviet Union. "There's nothing new to be proud of in the last 20 years," said Savitskaya, a member of Russian parliament from the Communist Party. Russia has used the Soyuz and Progress spacecraft, whose designs date back to the 1960s, to send an increasing number of crew and cargo to the Interna tional Space Station. Russia's importance will grow even more after the U.S. space shuttle Atlantis closes out the U.S. program this summer, leav ing the Russian spacecraft as the only link to the station. But Savitskaya and some other cosmonauts have warned that Russia has done little to build a replacement to the Soyuz and could quickly fall behind America after it builds a new-generation spaceship. Difficult Boris Chertok, the former deputy to Sergei Korolyov, the father of the Soviet space pro gram, says it has become increas ingly difficult for Russia's space industries to hire new personnel. "Salaries in space industries are much lower than average salaries in banks and commercial companies," Chertok, 99, told reporters last week. "We need (more ple of Korolyov's caliber." Korolyov, a visionary scientist as well as a tough manager, led the team that put the world's first manmade satellite in orbit on October 4, 1957. He then spear headed a massive effort to score another first with Gagarin's mission. "Our competition with America was spurring us to move faster to make the first human spaceflight," Valery Kubasov, a member of Korolyov's design team who later became a cosmonaut, told The Associated Press. Gagarin's accomplishment shocked the United States, prompting it to declare the goal of putting a man on the moon. "Without Yuri Alexeyevich's flight, I wouldn't have flown to the moon," said Thomas Stafford, commander of the Apollo 10 mission that approached within eight miles (13 kilometers in May 1969, the last U.S. mission before the U.S. moon landing three months later. "He was a great hero for the Soviet Union and the entire world," Stafford said in Russian after receiving a medal from Medvedev at a Kremlin award ceremony that honored cosmonauts and astronauts. Sergei Krikalyov, who holds the world record for total time spent in space 803 days on six space missions said the main unknown before Gagarin's flight was how a human body would respond to the conditions in out er space. "The main tasks were to make sure that a cosmonaut could breathe and swallow in zero gravity," Krikalyov, who now heads Russia's Star City cosmonaut training center, told the AP. "It was not even certain that a man could eat and drink during weightlessness." Gagarin, who later crisscrossed the world as a living symbol of Soviet talent, craved more space trips. Cosmonaut Vladimir Shat alov told the AP that Gagarin was dreaming about going to the moon and was among those selected to train for the mission in a race against the U.S."He hoped to take part in that, he hoped to fly to the moon," Shatalov during an interview at Star City, where Gagarin trained. Capsule Gagarin was a backup for his friend Vladimir Komarov, who died when his space capsule crashed on re-entry in April 1967. Fearing any injuries to their space star, Soviet authorities decided to bar Gagarin from flying into space again. Gagarin's own death in a training jet crash on March 27, 1968, is shrouded in conspiracy theories to this day. Shatalov, who had planned to follow Gagarin on another train ing flight that day, told the AP that the most likely reason for Gagarin's crash was a sonic wave from another military jet flying too close. MED VEDEV: SPACE WILL REMAIN A KEY RUSSIAN PRIORITY RUSSIAN PRESIDENT Dmitry Medvedev, left, presents a commemorative medal to mark the 50th anniversary of the first human spaceflight to Russian cosmonaut Alexander Skvortsov at the award ceremony in the Kremlin in Moscow, Tuesday. (AP
L OCAL NEWS PAGE 12, WEDNESDAY, APRIL 13, 2011 THE TRIBUNE Y OUTH C HOIRON S ONG Pictured is the Bahamas National Youth Choir on stage this week ahead of their 21st Annual Concert Season. The event takes place at the Dundas Centre for the PerformingA rts and got underway last night. Photos/ F F e e l l i i p p M M a a j j o o r r
By NEIL HARTNELL Tribune Business Editor The Court of Appeal yes terday overturned a S upreme Court ruling that p revented a Canadian pen sion fund from foreclosing on a defaulted $72.5 million mortgage held on the $867m illion New South Ocean Resort project, on the grounds that the CentralB ank of the Bahamas had not granted exchange control approval for repayment of the loans. T he verdict, which remits t he matter to a different Supreme Court judge for a new hearing on the Canadian Commercial Workers Pension Plans (CCWIPP initial application, poten tially paves the way for the fund and its investment vehicle, to proceed with the foreclosure and take possession of the shuttered 375acre southwestern New Providence resort property. However, Tribune Busi ness sources have suggested that CCWIPP and its Propco vehicle will likely try to reach an accommodation with hedge fund, Plainfield Asset Management, and its Seaside Heights investment company, and come to an agreement on the form of redevelopment that will take place at South Ocean. That, it is suggested, is the only logical course of action, oth erwise the resort and its potentially valuable real estate may be tied up in legal knots for years. I n their judgment, Appeal Justices Blackman and John recalled how Supreme CourtJ ustice Stephen Isaacs had s truck out Propco (CCWIP Ps) application to enforce the debentures and legal mortgages executed by NewS outh Ocean Development Company, an entity now controlled by Plainfield and SECTIONB email@example.com WEDNESDAY, APRIL 13, 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 $72.5 MILLION SOUTH OCEAN FORECLOSE BLOCK REMOVED SEE page 5B By NEIL HARTNELL Tribune Business Editor A Bahamian trust company a nd investors who became embroiled in the bitter legal d ispute between exMP Lester Turnquest and his former busi ness partner, s lain banker Hywel Jones, yesterday failed to overturn the receivership of their assets, although attorneys forb oth parties reached an agree ment to minimise their cost burden. The Court of Appeal yest erday rejected the attempt by Experta Trust Company RECEIVER REMAINS IN EX-MPS FIGHT WITH SLAIN BANKER Attorneys reach deal to minimise receivership costs for clients caught in HywelJ ones/Lester T urnquest fight Initial receivership Order r einstated, with Experta confirmed as interested party* Legal battle rages on SEE page 5B LESTER TURNQUEST B y NEIL HARTNELL Tribune Business Editor T he Bahamas foreign exchange reserves are the highest t hey have ever been at $1.122 billion, due to foreign curr ency inflows from the Bahamas Telecommunications Comp any (BTC yesterday, although it was likely to be another 12-18 months before economic recovery became broad-based enough to r educe unemployment. W endy Craigg, the Central Bank of the Bahamas governor, told this newspaper that the foreign currency reserves were likely to remain at a very healthy level for ther emainder of 2011, with further growth set to come from the real sector and renewed foreign direct investments. This was in contrast to one-off transactions, such as the B TC and BORCO sale, and government foreign currency b orrowings via bond issues. M s Craigg said the last time the Bahamas foreign Foreign reserves strike $1.122 bn record levels But another 12-18 months before economic recovery becomes broad-based enough to lower unemployment* Central Bank governor says IMF likely to revise up 1.3% growth projections SEE page 4B HYWEL JONES B y NEIL HARTNELL T ribune Business Editor B ahamian commercial banks want to see another two to three months similar t o February 2011s $67.2 mill ion loan arrears reduction to d evelop a strong trend, Tribune Business was told yest erday, as total credit past due dropped to $1.131 billion. B arry Malcolm, Scotiabank ( Bahamas) managing direct or, commenting on Central B ank of the Bahamas data that showed the total percentage of past due loans had dropped from 19.1 per cent of total credit outstanding ( some $6.461 billion) to 18.2 per cent, said the welcome drop had resulted from an improved economy and intensive work with borrowers to restructure loans. Certainly, in our case w eve seen a welcome mod eration in reported delin quencies, and think its due t o a combination of things, Mr Malcolm explained to Tri bune Business. Its not going g ang busters, but theres some moderate improvement in the economy, and in our organi sation were doing a lot of w ork with customers who have the means to remediate their loans. A dding that Scotiabank was doing proper remedia tion work to ensure that c lients loans were sustainable l ong-term, Mr Malcolm said of the Central Bank data: Its Banks seek strong trend after $67.2m arrears drop BORCO sale drops fiscal deficit $32m or 16% year-over-year to $169m By ALISON LOWE Business Reporter firstname.lastname@example.org Hotels in Nassau and Paradise Island suffered a 6.1 per cent slump in their revenues during January and February compared to 2010, due to low er occupancies and average daily room rates (ADRs Central Bank of the Bahamas said yesterday. Leading tourism stake holders blamed this outcome on bad weather in the US, which reduced bookings and increased cancellations during the post-Christmas period, along with a decision that was taken and ultimately reversed to stop the Com panion flies free travel promotion during this period. Industry representatives had been expecting business conditions in the tourism industry to improve in general this year compared to last. But despite this surprising ly poor performance in the early part of the year, direc tor-general of tourism, David Johnson; Bahamas Hotel Association president, Stuart Bowe; and Baha Mar vicepresident of external affairs and former BHA president, Robert Sands, said bookings have picked up and improved conditions are expected going forward. Mr Bowe said: We fully anticipate making up for lost ground in January and February based on what we are Hotels suf fer 6.1 per cent revenue decline SEE page 4B SEE page 2B B y ALISON LOWE Business Reporter email@example.com A decision was taken to quickly reinstate the Companion Flies Free promotion after a brief period, during which it w as discontinued in January, resulted in a per cent reduct ion in bookings at Atlantis, Tribune Business has learned. The promotion, which was launched at the start of 2010, has been credited domestically and internationally with boosting arrivals to the Bahamas inl ean tourism times. It was shutdown in January a nd February, but reinstated again by March after a major resort saw a 30 per cent decline in bookings, according to director-general of tourism, David Johnson. While Mr Johnson did not c onfirm the name of that resort, Tribune Business understands t hat the resort is Atlantis on Paradise Island. The decision was taken to resume the promotion, and strong bookings were seen asa result. There was a 35 to 40 per cent swing at that particular resort after it was reinstated, said Mr Johnson. The promotion ran in March, and was again continued for the month of April, but no decision has yet been finalised regarding whether or not it will continue in May. The elimination of the program, which created an avenue by which hotels and the Government could collectively enhance the value-for-money visitors to the Bahamas achieved despite relatively high flight costs, proved how critically important it is for us to have competitive airfares, said Mr Johnson. What this program is doing is reassuring us that if we do nothing for tourism we must make sure we have low costs and good capacity air travel, because whenever that deteriorates everything else deteriorates, he said. -40% Atlantis boost from promotion return PI resort saw 30% booking reduction after Companion Fly Free ended in January and February, causing reinstatement S EE page 3B L ANDMARK: A tlantis resort on Paradise Island.
seeing in March and April, and advanced bookings over the next two months. Early in the year we were i mpacted by severe weather in major markets, which closed airports. We were con-s trained as well by market conditions affecting roomr ates. A collective decision was m ade by the Ministry of Tourism and member hotels to reinstate the Companion F ly Free program, and as this k icked into gear in February w e saw a difference in bookings, hence a further decision recently to extend the program. Mr Johnson noted that b ookings in the early part of 2 010 received a special boost from the initiation of the Companion Flies Free pro-g ramme by the Ministry of Tourism and participating hotels, whereas the prog ramme was briefly discont inued in January and February 2011. He, too, pointed to bad w eather in key tourism mark ets as another significant drag on bookings and hotel revenue. The nature of the winter we had resulted in many flight c ancellations, so during peak p eriods things were disrupted and that cost us some occu pancy, said Mr Johnson. M r Sands agreed that bad weather was a major factor, adding that lower average dail y room rates a major d eterminant of yield for hotels are having a greater impact on revenue this year t han occupancy levels over all, with many hotels offering attractive packages to lure vis-i tors. H e added: While we may not have reached the fore c asted levels for this year, I think as a sector things are gaining momentum and we will get there. Certainly by t he end of this winter period, we will exceed last years position. Its still not bullish, but c ertainly we want to work towards some continued momentum. I think the Caribbean as a region is a bit slower in terms of getting b ack to normalcy, but it is and t hats the important thing. As for some of the ele ments contributing to instab ility in the global economy at present, such as economic woes in the Euro Zone and c onflict in Libya and parts of t he Middle East, Mr Sands said that such variables can impact travel and you cant i gnore them. You just have to operate within this environment andh ope that you can navigate t hese various obstacles and still show a forward move m ent, he added. Overall we are optimistic that the forward momentum will continue throughout the y ear. Not in any big way, but its going in the right direction. Some 125 business and financial services executives attended the Bahamas Financial Serv ices Boards (BFSB in Calgary and Toronto, held in conjunction with the Governments investment and trade promotional tour of Canada. Adding that the BFSB was looking forward to participating in future trade missions, following its The Bahamas Landf all: Rediscovering The Bahamas event, Wendy Warren, its chief executive and executive director, said: The 22 individuals representing various Bahamian financial and business firms, who participated in the Bahamas Landfall workshops, had a unique opportun ity for personal interaction with Canadian business colleagues. These types of interactions are critical from a business development perspective. We believe that we not only made great strides in making the Canadian market aware of business opportunities in the Bahamas, but that we will see additional business from Canad a. And she added: The success of our Bahamas Landfall events would not have been possible without the Government-led mission itself taking place, and the great collaboration among the participating organisations. Focal points of the trade and i nvestment mission were luncheon presentations by the Prime Minister in conjunction with representatives from the Bahamas Investment Authority, the Ministry of Tourism & Aviation, the Bahamas Maritime Authority and BFSB. The Bahamas Landfall: R ediscovering The Bahamas events gave updates on developments in the international financial services industry in the Bahamas; Grand Bahama and the maritime sector; and resid ency and second home ownership. An update on the Tax Information Exchange Agreement (TIEA Bahamas and Canada was also provided. The Landfall seminars were sponsored by Ansbacher Bahamas, ATC Trustees ( Bahamas), Butterfield Bank (Bahamas national, KPMG, Premier Fund Services, PricewaterhouseCoopers, RBC Private Wealth Management and Scotiabank. The BFSB will affirm its commitment to the Canadian market by participating in the S TEP Canada National Conference, which takes place in Toronto on June 2-3, 2011. BUSINESS P AGE 2B, WEDNESDAY, APRIL 13, 2011 THE TRIBUNE :,//%(&/26(' $118$/&.7$.,1* WENDY WARREN Over 100 executives attend BFSB seminar FROM page 1B Hotels suffer 6.1 per cent revenue decline
Under the terms of the promotion, a free airfare can be obtained when two people commit to travelling to The Bahamas to stay at a participating hotel for a minimum of four nights. The Bahamian gove rnment and the hotel where the visitor, who is claiming the free airfare under the deal, is staying split the cost of the free airfare equally. Mr Johnson explained that the reason why the promotion was ultimately terminated for a brief period this year came d own to the fact that it is expensive, having resulted in an average cost of $340 per booking to be shared between the Fovernment and the resort. We were trying to see if in fact the natural demand for the winter season would remain strong without the stimuli of Companion Flies Free. And as it turned out, not across all hotels but at major properties, their booking pace declined significantly, said Mr Johnson. It was a crucial booking period during the first three weeks in January when most of the winter bookings take place. Even with heavy advertising the inquiries were still strong, but conversions to bookings dried up and it seemed that competing destinations were getting a larger share. Mr Johnson mentioned the discontinuation of the program yesterday as a factor which contributed to what the Central Bank, in its latest report on economic and financial developments in the Bahamas for February 2011, said was a 6.1 per cent contraction in hotel revenues in Nassau and Paradise Island in January and February. The Central Bank noted that lower occupancy and daily average room rates contributed to the contraction over the same period in 2010, while Mr Johnson added that bad weath er and flight cancellations in the US also appeared to have contributed significantly. Ed Fields, senior vice-president for public affairs for Kerzner International ( Bahamas), declined to com ment on the impact the discontinuation of the promotion had on the Atlantis resort. He directed this newspaper to speak with Frank Comito, executive vice-president at the Bahamas Hotel Association. A statement issued by Mr Comito on behalf of BHA president Stuart Bowe, also Kerzner International (Bahamas senior vice-president of operations, said that a collective decision was made by the Ministry of Tourism and member hotels to reinstate the companion fly free program. As this kicked into gear in February we saw a difference in bookings, hence a further decision recently to extend the program. BUSINESS T HE TRIBUNE WEDNESDAY, APRIL 13, 2011, PAGE 3B By ALISON LOWE Business Reporter firstname.lastname@example.org A top hotel employee and Bahamian butler has launched this nations first butler training institute, where he intends to provide across-the-board training to current and would-be hotel employees looking to advance their careers in the industry. As a 20-year hotel industry veteran who this year won the Cacique Award for Hotel Employee of the Year, Micklyn Lightbourne has achieved certification from two of the worlds leading butler training organisations. He has now opened his own hospitality training school, called the Coterie of Caribbean Butlers, where he says he and other specialists will be available to coach participants in how to become successful service providers in the hospitality industry. In addition to offering training, the Coterie will also act as an agency linking those looking to hire staff such as butlers, maids, waiters/waitresses and housekeeping staff with certified professionals in these areas. I am very passionate about service and thats what drove me and my wife to start this school, Mr Lightbourne told Tribune Business. While a number of hospitality training providers exist in the Bahamas, the top butler contends that none go into the training to the extent that we will. We will be developing peo ple from the ground up, added Mr Lightbourne, who noted that his qualifications now enable him to practice as well as teach hospitality skills. The Coterie is reaching out to individuals looking to launch careers as butlers, companies interested in on-site hospitality training for their employees, and those looking for specific training and certification for themselves or their staff in areas such as housekeeping, food and beverage and guest services. While the training will be based on the rounded skillsbuilding program received byb utlers, Mr Lightbourne said it will be relevant to all persons wishing to upgrade their own or their staffs service levels, or achieve a certification to match their experience. Mr Lightbourne noted that the program will benefit from h is extensive experience in the hospitality industry, for which he has been recognised nation ally at the Cacique Awards. He worked for Atlantis for 15 years, including eight years as a butler at the One&Only Ocean Club, and four years in the same role at Sandals Roya l Bahamian Resort on Cable Beach. He received certifications as a butler from the Ivor Spencer International School for Butlers and Robert Watsons School of Professional English Butlers, and went on to become an Associate Mem ber of The Guild of Profess ional English Butlers. If you want to become a certified butler we can do that for you, or if you want to just learn about service we can do that. There will be guest ser vice training, housekeeping training, food and beverage training. Our program offersi nternships, CPR training, health and safety training, emergency preparedness training. If you require computer skills or knowledge of wines, that can be taught, too. Once people are trained with us theyll be completely vetted, not only in theory but on a practical level, said Mr Lightbourne. Mr Lightbourne said he is confident that in light of the success of resorts with butler departments, such as Sandals Emerald Bay, and with projects like Baha Mar set to come on stream over the next several years, there will be increased demand for hospitality professionals trained and certified in the areas the Coterie of Caribbean Butlers will deliver education in. Whats happening is you have a lot of employees spend 15 to 20 years in a department, so they know the work but they are not certified. If they are looking for another job and want to better themselves, all they have is the experience but no certification. With things like Baha Mar coming on stream, looking for employees, thats where we come in, said Mr Lightbourne. He said he has found his time working in the field rewarding, and would encourage anyone to get involved. Its been very beneficial to me, said Mr Lightbourne of his experience. I have guests who write letters back who invite me to come over to themto work for them or visit with them. I have guests who say, Micklyn, just come over so we can serve you because youve served us so well, people who write to me telling me they were in tears when they had to leave, so its very satisfying. I would encourage anyone to get involved. Its a great career, and to add to it now you can get certified, so you can come away with something other than experience. Anyone interested in finding out more about the school can visit the companys website at www.coterieofbutlers.com. Cacique winner opens Butler training school F ROM page 1B Atlantis boost MICKLYN LIGHTBOURNE
encouraging. Wed certainly like to see two to three months of thist o make it a strong trend, but i n our case it represents good n ews and were happy to see it. Impr o v ement We need to see several m ore months of this wel comed improvement in reported delinquencies to bem ore comfortable that its going to be sustained. Mr Malcolm added that it was critical to the economys health for there to be a reduc tion in reported mortgage delinquencies, given that this was where the three largest clearing banks have concen trated the majority of their portfolios. The $67.2 million, or 5.6 per cent reduction inl oan arrears during February, w as fuelled largely by the $57.3 million or 11 per cent drop in loans 31-90 days past due to $463.5 million. As ap ercentage of total credit outs tanding, they declined to 7.5 per cent. This indicates that Bahami an households and businesses moved during February to become current once again with loan payments likely toh ave slipped during Decemb er and January, when Christmas spending took priority. Non-performing loans, w hich are 90 days past due a nd upon which commercial banks stop accruing interest, only fell by $9.8 million or 1.5 per cent to $668.2 million,d ropping to 10.8 per cent of t otal outstanding credit. And the Central Bank also indicated that Februarys loan arrears fall was heavily dri v en by loan write-offs and r estructurings, which collec tively totalled $11.3 milliona nd $25.7 million respectively. Breaking down the indust rys loan portfolio, the Cent ral Bank said total mortgage delinquencies fell by $37.9m illion or 6 per cent to $599.1 million. T his was led by a $34.5 million or 10.7 per cent decline in the 31-90 days past due seg m ent, and a $3.4 million or 1.1 per cent fall in the nonperforming component. Ar rears Commercial arrears also r eceded by $37.7 million (13.1 p er cent) to $249.2 million, with decreases recorded in b oth the 31-90 day and nonp erforming categories of $32.2 million (37.5 per cent $ 5.6 million (2.8 per cent respectively, the Central Bank said. In contrast, consumer arrears increased by $8.5 mill ion (3.1 per cent m illion, as the $9.3 million (8.2 per centt erm arrears outpaced the $0.9 million (0.5 per cent contraction in delinquenciese xceeding the 90 days. Banks lowered their loan loss provisions by $1.4 million o r 0.5 per cent to $265.4 million, but the ratio to arrearsa nd non-performing loans rose by 1.2 and 0.4 percent a ge points respectively, to 25.5 per cent and 39.7 per centr espectively. Meanwhile, on the fiscal f ront, the Governments 20102011 fiscal deficit for the sev en months to end-January fell by $32 million, or 15.9 per c ent, year-over-year to $169.1 million, due to a nearly 90p er cent surge in Stamp Tax proceeds resulting from the s ale of BORCO to Buckeye Partners. Tax collections rose 14.5 per cent as a result, with tax receipts up 3.2 per cent or $23.6 million to $763.3 mill ion. Non-tax collections were down by 45.9 per cent or $63.4 million, as the Government did not receive the $66 mill ion boost it gained the year before from the sale of South Riding Point to Norwegian firm, Statoil. BUSINESS P AGE 4B, WEDNESDAY, APRIL 13, 2011 THE TRIBUNE exchange reserves exceeded $1 billion was in November 2009, whenthey hit $1.033 billion after being boosted by the Governments $300 million foreign currency bond issue, p lus receipt of the International Monetary Funds (IMF Drawing Rights (SDRs We are at about $1.122 billion, Ms Craigg told Tribune Business oft he current foreign reserves posit ion. This is the highest they have been. Theyre very healthy, and we expect the reserves to be at a healthy level for the balance of this year. Thats in the context of very moderate, very mild credit expan-s ion, and we expect to have further i nflows from foreign direct investm ent. The [benefits] from that should sustain the reserves at a very healthy level throughout this year. The growth will come more from t he real sector rather than government borrowings and one-offs. It will be a return to several years ago,w hen growth in foreign direct investment drove reserve growth. Increased foreign direct invest m ent inflows, Ms Craigg said, would b e stimulated by Baha Mars $2.6 billion Cable Beach redevelopment and other real sector projects in the pipeline, will increased tourism arrivals would also create additional foreign currency injections. We expect to see some pick up, t he Central Bank governor said of foreign direct investment. Although no numbers on foreign direct invest-m ent inflows for the 2010 fourth quarter and 2011 first quarter are yet available, Ms Craigg said: Wew ould see an increase for the fourth q uarter, and one-off transactions have contributed to that. We had the one-off capital transa ction from Royal Bank, and that has helped to boost external reserves and the capital account, so in the fourth quarter expect to see a surpluso n the capital account. Royal Bank injected almost $200 m illion in foreign currency into the Bahamian economy, due to the need to enhance capitalisation of its operations in this country, as it converted them from a head office branch to a standalone subsidiary. The contribution to foreign direct investment inflows from land acquisitions and property purchases, though, was more muted. Ms Craigg told Tribune Business that the roll-out of new foreign direct investment projects would provideb adly needed jobs for Bahamians, helping to reduce unemployment levels and raise disposable incomes the key factor in any economic recovery. As these FDI investment activit ies roll-out, and they provide opportunities for new employment, part icularly in the services sector, thats a key requirement for an improved situation, the Central Bank governor told Tribune Business. Its [economic recovery] beginn ing to happen now, but its not broad-based, and it may be another 1 2-18 months before it really takes h old and we see some positive devel opments. Consumer spending, she added, w as a significant part of aggregate demand in the Bahamian economy, accounting for just over two-thirds oft otal spending in this nation. The consumer is a significant part o f the economy, and their spending will help to drive and revitalise growth momentum in the economy,Ms Craigg said. But consumer credit is in a net repayment position. The consumer is not borrowing; theyre paying down their debt at this point in time. The Central Bank of the Bahamas report on monthly economic and financial developments for February noted that this position had slightly improved, withB ahamian dollar credit extended during that month growing by $9.6 million, compared to a $4.7 million contraction the year before. With some recovery in loan e xtension, the decline in private sect or credit slackened to $5.5 million from $28.6 million in 2010, the Cent ral Bank said. Commercial loans f irmed by $0.3 million, compared to a $15 million decline the year before, while the consumer credit contraction abated by $9.7 million to $4.1 m illion. Mortgage loans fell by $1.7 million, after a $0.3 million gain in 2 010. P ointing out that International Monetary Fund (IMF were in the Bahamas recently to a ssess the economic situation, the Central Bank governor said their latest projection of 1.3 per cent GDPg rowth for this nation in 2011 was likely to be increased. They may update their position, and its likely those figures will increase, Ms Craigg said. They will have to take account the Baha Mar project. Certainly, theres that potential. The Central Bank, while noting that the Bahamian economy was expected to gain momentum in 2011 from an improved tourism and foreign direct investment showing, said it faced downside risks from the pace of US and global recovery, plus infla-t ion resulting from energy and commodity price rises. There were still some signs of softness in the key tourism sector during 2011, although construction w as supported by Baha Mar and the G overnments infrastructure projects. Yet the Central Bank said: As t he recovery has yet to translate into a ny notable improvement in labour market conditions, domestic demand continued to be weak, and opportunities for a reduction in banks c redit quality indicators, limited. The bulk of the anticipated shortt erm employment gains are expecte d to be concentrated in construc tion-related activities, with a broadening in benefits not likely until in t he medium-term. Foreign reserves strike $1.122 bn record levels FROM page 1B W ENDY CRAIGG FROM page 1B Banks seek strong trend after $67.2m arrears drop
BUSINESS T HE TRIBUNE WEDNESDAY, APRIL 13, 2011, PAGE 5B 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.95AML Foods Limited1.191.190.000.1230.0409.73.36% 10.639.05Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.254.40Bank of Bahamas6.006.000.003240.1530.10039.21.67% 0.530.17Benchmark0.180.180.00-0.8770.000N/M0.00% 2.842.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2 .201.96Fidelity Bank1.961.960.000.0160.040122.52.04% 12.408.75Cable Bahamas8.758.750.001.0500.3108.33.54% 2.852.35Colina Holdings2.552.550.001.0310.0402.51.57% 7.005.80Commonwealth Bank (S1)6.936.930.0010,0000.4880.26014.23.75% 2.861.90Consolidated Water BDRs2.062.02-0.040.1110.04518.22.23% 2.541.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 5.994.75Famguard5.224.75-0.471,0000.3570.24013.35.05% 9.105.65Finco6.786.780.000.6820.0009.90.00% 11.408.75FirstCaribbean Bank8.768.760.000.4940.35017.74.00% 6.004.57Focol (S)5.505.500.000.4520.16012.22.91% 1.001.00Focol Class B Preference1.001.000.001,0000.0000.000N/M0.00% 7.305.50ICD Utilities7.307.300.000.0120.240608.33.29% 10.509.80J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: YEAR END 2008 -12.31%30 May 2013 20 November 2029TUESDAY, 12 APRIL 2011BISX ALL SHARE INDEX: CLOSE 1,434.46 | CHG -2.47 | %CHG -0.17 | YTD -65.02 | YTD % -4.34BISX 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%B ISX 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%Last 12 Months %NAV 3MTH 1.54871.4525CFAL Bond Fund1.54871.48%6.06%1.526164 2.98142.8300CFAL MSI Preferred Fund2.98141.15%2.40%2.947425 1.59201.5141CFAL Money Market Fund1.59201.14%4.53%1.574964 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 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Mar-11 31-Mar-11 109.392860 100.183340 31-Dec-10 31-Dec-10 NAV 6MTH 1.505557 2.918697 1.555464TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Mar-11 31-Dec-10 31-Mar-11 1-Apr-11 31-Jan-11MARKET TERMS31-Dec-10 31-Mar-11CFAL Securities Ltd. (Over-The-Counter Securities)31-Mar-11BISX Listed Mutual FundsNAV Date 31-Mar-11 31-Dec-10 /(21,(/28,6(523(5 RI5RFN\SLQH5RDG31DVVDX%DKDPDV 2%5,$185,(/523(5 RI5RFN\SLQH5RDG31DVVDX%DKDPDV 5$<021'%(//27RI &XUWLV6WUHHW31DVVDX%DKDPDV )5$17=<-($1/28,6 RI&KXUFKKLOO$YH&KLSSLQJKDP1DVVDX%DKDPDV -(66,&$RI 6WDSOHGRQ*DUGHQ1DVVDX%DKDPDV 3+$18(/6$121RI -2()$55,1*72152$'1$66$8%$+$0$6 S easide Heights. This came after Brian Moree QC, senior partner at McKinney, Bancroft & Hughes, acting on Plainfield and SeasideH eights behalf, successfully argued that the foreclosure bid was premature without evidence of approval from the Central Bank for the repayment of the loans to Propco. That ruling sent a chill through the Bahamian business and investment community, since it was perceived as preventing foreign lenders (particularly those financing foreign direct investment) from commencing foreclosure actions on a defaulting Bahamian borrower if they had no specific permission to repay the loan. L enders would have been stymied, and exposed to potent ial heavy losses, while Bahamas-based borrowers would h ave seen a reduction in credit availability as foreign lenders shied away from this nation. Recalling the disputes origins, Justices Blackman and John said the Central Bank gave Propco permission on August 22, 2008, to extend two loan facilities worth $50 million and $22.5 million respectively to New South OceanD evelopment Company, the latter executing promissory notes to secure repayment of the loans. Under the terms of the promissory note, New South O cean was required to pay interest on each note on a quarterly basis, and to repay the principal under the $22.5 million note in three equal quarterly instalments between June 30,2 008, and December 30, 2008, the Appeal Justices said. There was a failure to pay the installments of principal and interest on September 30, 2008, and the learned judgei n his ruling of November 17, 2009, held that a default had o ccurred. They added: Mr Moree for Seaside submitted here and i n the court below that the August 22, 2008, letter from t he Central Bank was ineffectual in providing authority to Propco to demand repayment of the loans, without thei ssue of a specific approval for that purpose under the E xchange Control Regulations. Approval Mr Moree submitted that while the August letter gave a pproval for the loan in compliance with Regulation One of the Exchange Control Regulations, it did not authorise repayment. It was his contention that the permission toe xecute the promissory notes to secure the loan was only for t hat purpose, and that a further application was necessary to effect repayment of the loans approved by the Central Bank. Y et Robert Adams, attorney and partner with Graham Thompson & Co, argued on Propcos behalf that the Cen t ral Bank letter needed to be interpreted objectively, a nd that it granted permission for the making and servicing of the loans through interest and principal repayments. M r Adams argued that Propco and New South Ocean had agreed the financing for the latters acquisition of the l and required for the resort development, and had sought the n ecessary Central Bank approvals. The Central Bank was given the relevant documents, i ncluding the promissory notes and debentures, and was thus aware of the quarterly payments required under both the $50 million and $22.5 million loans, plus the three princ ipal repayments on the latter. The final two of these were due on September 30, 2008, and December 30, 2008. Finding for Propco, Justices Blackman and John ruled: The notion, as posited by Mr Moree, that permission to repay the loans could only be given at the time of repayment, and could not be given in advance, has no substance. In [our] view the August 22, 2008, letter was effective to give approval for the making and servicing by way of payment of interest and the repayment of principal, of the loans. This, they added, was clarified by the Central Bank of the B ahamas March 29, 2010, guidance note, which stated that letters of approval granted to foreign lenders included per mission to lend, borrow and repay. This reflected the policies in place in August 2008. Justice Newman, the third judge who heard the South Ocean case appeal, also agreed that the Supreme Court verdict should be overturned, setting out his reasons in a different judgment (see tomorrows Tribune Business for a report on this). $72.5 MILLION SOUTH OCEAN FORECLOSE BLOCK REMOVED FROM page 1B and four investors to overturn the receivership of client companies/assets imposed, via two different Orders, by the Supreme Court, although it did rulei n favour of the Bahamas-based financial institutions submission that it was an interested party since it acted as trustee of the shares for two client companies. The Appeals Court also ruled that Justice Claire Hepburn was wrong to have discharged the initial receivership Orderi mposed on September 21, 2007, by former justice John Lyons, only to reimpose the receiver through her own Order. H owever, the Court of Appeal said that it became obvious during the court proceedings that the root cause of the Experta/investors appeal was the likely c ost burden they and their c ompanies/assets would face in meeting the receivers costs. J ohn Wilson, the McKinney, Bancroft & Hughes attorney and partner, who was acting for Experta and the investors, indicated their main concern was that they would be liable to pay for all the costs i ncurred by the 24 companies covered b y the receivership order, rather than j ust the costs incurred by their own r espective companies. As a result, Mr Wilson and Christop her Jenkins of Lennox Paton, the attorney representing Mr Joness BritanniaG roup, worked out an agreement to a mend ex-justice Lyonss initial receivership Order so that the investors companies and their assets would only be liable to pay costs incurred by their own e ntities not all 24 companies as a whole. In its ruling, the Court of Appeal said: Mr Wilson...... emphasised that event hough the receivership order was for t he protection of the assets of the client companies, its existence was an encum brance on those assets, as it would make them available to pay costs of the r eceivership of some 24 companies put under receivership. He explained that the appellants [Experta and the investors] are big boys and they could take care of themselves, and that they need not be involved in the dispute between the two principal protagonists, Mr Turnquest and MrJ ones, and that [they] did not need the protection of the receivership. D etailing how the dispute between the two arose in 2007, the Court of Appeal noted that claim and counterclaim had gone back and forth between Mr Turnq uest and his Bonnycord Group on one hand, and Mr Jones and his Britannia Group and Hampton Insurance Company on the other, with the substantive issue at the heart of the dispute yet to be resolved. Justice Lyons had described their former relationship as a partnership, with some clients following Mr Turnquest to Bonnycord when he split, and others remaining with Mr Jones at Britannia. Client accounts and investments were placed in holding companies, usuallyI nternational Business Companies ( IBCs). Litigation N oting that the receivership appeal was an interlocutory matter to be set tled ahead of the main dispute, the Court of Appeal said: It is fair to say that it ist he various corporate structures used as vehicles for the investment of premiums o n life insurance policies purchased by i nvestors, and the financial stake in these policies, that are at the heart of the litigation in this case. There ensued a breakdown in the business relationship between Mr Turnquest and Mr Jones........ The breakdown o f their business relationship was marked by acrimony, with allegations and counter-allegations of fraud being e xchanged between them, and the spect re of dissipating certain assets of the client companies by one side or the oth e r looming large. As a result, ex-justice Lyons granted Mr Jones application to appoint BDO Mann Judd accountant, Clifford Culmer, as receiver/manager for the client com panies and their assets, in a bid to protect these investments. An application to have the receivership Order overturned was also discharged. Neither of these decisions was appealed, the Court of Appeal said, but Experta and four impacted investors David Ryan, Robert Kibble, Jo Ann Senyei and Dr Franklyn Nyman then applied on September 9, 2008, to set aside the receivership and discharge Mr Culmer. J ustice Hepburn duly discharged the first receivership Order, but then imposed a new one. However, the Court of Appeal found that the application by Experta and the four investors was made on a faulty premise, and did not clothe the learned judge with the authority top roceed as she did to discharge the first receivership Order. As a result, ex-justice Lyons original Order was still in play. T he Court of Appeal found that Justice Hepburn did not pay sufficient or any regard to the basis of the litigation between the parties to the original action. The learned judge consequently took an arrow view of this. It was manifest that it was the breakd own in the business relationship b etween the two principal protagonists, L ester Turnquest and Hywel Jones, relating to the investments in the client comp anies that fuelled the litigation between them......... The core of the business relationship w as, of course, the investment of funds in the client companies. Therefore, for Justice Hepburn to have discharged the first r eceivership Order on the basis that it w as made at a time when the client companies were not a party to the original action was, with respect, too narrow a v iew and completely ignored the purpose of making the Order in the first place: It was made to protect the assets of the partnership represented in the client c ompanies. Finding that Justice Hepburn should have confirmed the original receivership O rder, rather than discharge it, the Court o f Appeal also found that Experta was clearly an interested person in the mat t er under the Companies Act because it w as trustee for two trusts that held shares in two companies under the receivership. I t therefore held an interest in the trust p roperty. Receiver remains in ex-MPs fight with slain banker FROM page 1B
NEW YORK The yen and Swiss franc t raded higher against the dollar on Tuesday after Japan boosted the crisis level at the nuclear plant damaged in an earthquake and tsunami a month ago. N uclear regulators raised the rating from 5 to 7, theh ighest level for nuclear accidents, putting it on par with the 1986 Chernobyl disaster. The dollar was worth 83.75 Japanese yen late Tuesday,d own from 84.75 yen late Monday. The dollar fell to0 .8970 Swiss franc from 0.9066 Swiss franc. The yen and franc are considered safe-haven currencies, and investors tend to buy them during times of international turmoil. Days after theM arch 11 earthquake and t sunami hit, the Japanese currency soared to a record high against the dollar. The dollar fell as low as 76.32 Japanese yen that day. Elsewhere, the euro rose to $1.4485 from $1.4429 lateM onday on anticipation that the European Central Bank will raise rates faster than the U.S. Federal Reserve. The European Central Bankr aised its key interest rate last week, while the Federal R eserve has kept it at record lows. On Monday, Federal Reserve Vice Chair Janet Yellen said in a speech that the economy is still not strong enough to start changing the central bank's current policy. C entral banks raise intere st rates to curb inflation, and higher rates tend to increase d emand for the currency l inked to that country or region. I n the U.S., the Commerce Department said the trade deficit fell 2.6 percent to $45.8 billion in February mostly because of a big decline in oil i mports. B USINESS PAGE 6B, WEDNESDAY, APRIL 13, 2011 THE TRIBUNE MARTIN CRUTSINGER, AP Economics WriterW ASHINGTON The $38 billion in spending cuts agreed to last week won't prevent this year's budget deficit from setting another record high, estimated at $1.5 trillion. Most of the agreed-to spending cuts either affect future budgets or amount to accounting gimmicks that won't reduce actual spending. The Treasury Department reported Tuesday that the deficit already totals $829.4 billion through the first six months of the budget year a figure that until 2009 would have been the biggest ever for an entire year. For March alone, the government ran a deficit of $188 billion. President Barack Obama and congres s ional Republicans averted a government shutdown last week by agreeing to the largest-ever spending cuts for a single year. But David Wyss, chief economist at Standard & Poor's in New York, said those cuts amount to a "rounding error" in this year's deficit. The cuts include unspent money from the 2010 census, which is completed, and $2.5 billion from the most recent repeal of highway programs that can't be spent because of restrictions set by other legislation. They also include $3.5 billion in unused bonuses for states that enroll more children in a health care program for lower-income families. Wyss expects the deficit will surpass the record of $1.41 trillion hit in 2009. The nonpartisan Congressional Budget Office raised its estimate earlier this year from $1.1 trillion to $1.5 trillion. A tax-cut package negotiated in December by Obama and Republicans, which includes a oneyear reduction in the Social Security payroll tax, prompted the CBO to raise its estimate. Ballooning The ballooning deficit is certain to give Republicans leverage in future spending debates, starting with the upcoming vote to raise the government's borrowing authority above $14.3 trillion. The Treasury has told Congress that it must vote to raise the debt limit by summer. Without an increase, the government would not be able to meet its current debt payments, resulting in an unprecedented d efault on its debt. Republicans hope to use vote on the debt limit to force Obama to accept longterm deficit-reduction measures. A big fight looms over the 2012 budget, which will center on House Republicans' plan to cut $5.8 trillion over 10 years by making sweep ing changes to Medicare and Medicaid. Obama is scheduled to deliver a speech W ednesday in which he will outline his own goals to achieve long-term deficit reductions. Some analysts see the House spending plan, put forward by House Budget Chairman Paul Ryan, R-Wis., and Obama's speech as the opening salvos in a battle that will likely extend through the 2012 presidential campaign. There is little expectation that major changes in the government's entitlement programs will occur until after the upcoming election. However, both parties will likely stake out their ground and seek to convince voters that they have the best formula for getting the c ountry out of its current deficit malaise. The outcome of that debate could set the country's budget course for many years to come. "I think the debate has shifted and there is significant momentum now for making real progress in addressing our fiscal prob lems," said Mark Zandi, chief economist at Moody's Analytics. Other analysts are not as optimistic that the government's deficit problems are any closer to being resolved. "Nobody wants to face the facts," Wyss said. "We can't continue promising peo ple more government spending than we are willing to pay for." ( AP Photo/Charles Dharapak) MAKINGTHECASE: In this April 8, 2011 photo, President Obama poses for photographers in the Blue Room at the White House in Washington after he spoke regarding the budget and averted government shutdown after a deal was made between Republican and Democrat lawmakers. SPENDING CUTS NOT EXPECTED TO DENT $1.5T DEFICIT Yen rises against dollar on Japan nuclear crisis
CHRIS KAHN, AP Energy Writer NEW YORK Oil dropped to the lowest level this month on Tuesday as energy experts said the world will remain flush with surplus oil this year despite the loss of Libya's exports and increased demand from Japan. Oil was also pushed down after Goldman Sachs warned investors that the price had already topped its second-quar ter forecast and is due for a "substantial pullback" in the near term. Traders took special notice of Goldman's warning because the investment bank is considered a big player in oil markets, and it's known for bullish price forecasts. B enchmark West Texas Intermediate crude for May delivery gave up $3.67, or 3 percent, to settle at $106.25 per barrel on the New York Mercantile Exchange. Oil dropped as low as $105.47 earlier in the day. Goldman analyst David G reely noted that global sup plies remain "adequate" even though the rebellion in Libya shut down production there. In March, Greely increased his forecast for Brent crude by $4.50 per barrel to $105 per barrel because of the Libyan upris ing. Greely said OPEC wasf orced to ramp up oil produc tion so much that it would have difficulty stabilizing prices if another conflict were to occur. On Tuesday, Greely revised his opinion, saying the industry still has a healthier supply of oil than it did in the spring of 2008, when oil started its historic riset o record levels. Analyst and trader Stephen Schork pointed out that any-one who bought oil contracts last week paid between $107.58and $112.94 per barrel. If oil continues to hold below that level, it could trigger a wider sell-off. "If they panic, we could be at $100 (per barrel time," Schork said. Prices fell from two-year highs on Tuesday as some of the industry's primary data-collecting agencies released monthly forecasts showing that refineries should remain well supplied with oil despite growing demand from China and other emerging economies. Oil prices had surged 33 percent since the middle of February, when Libya's uprising raised fears that world supplies would be squeezed this year. The International Energy Agency said Tuesday that a supply crisis has been averted, in the short term at least, as Saudi Arabia, Kuwait and the United Arab Emirates boost production to offset the loss of Libya's 1.5 million barrels of daily oil exports. Platts report ed that increased production from OPEC countries covered some, but not all, of lost Libyan production in March. Both OPEC and IEA warned that high energy prices are starting to force people to conserve. "High prices are already starting to dent demand growth," IEA said in its month ly report. Economists have been looking for signs that consumers are starting to balk at higher energy prices. Industry surveys of gasoline purchases suggest that motorists have started to drive less, though some analysts, including those at Barclays Capital, say they haven't seen a "considerable impact" yet. Analysts say it's unclear whether oil is headed for a correction and lower prices. They note that the price of oil fell by a greater amount on March 15 than on Tuesday. The March drop happened as Japanese authorities struggled to stabilize nuclear generators after the region was rocked by a devastating earthquake and tsunami. "The trend is still up" for oil prices, said Tom Bentz, director of BNP Paribas Commodity Futures. But he added, "I don't know how long we can keep s eeing increases in inflation across the board food inflation, energy inflation and how long we can see that go on without having some kind of pullback in demand." Already, in the U.S., gasoline demand has dropped fors ix straight weeks, according to MasterCard SpendingPulse. SpendingPulse said Americans bought 3 percent less gas last week than at the same time last year. The consumer research g roup tracks gasoline purchases at 140,000 service stations around the country. The Energy Department's Energy Information Administration said Tuesday that gasoline prices should be higher when vacationers hit the high-w ays this summer. The agency said in its monthly forecast that Americans will pay an average $3.86 per gallon ($1.02 a liter during the summer driving season, which traditionally begins w ith Memorial Day weekend. In other Nymex trading for May contracts, heating oil lost 7.99 cents to settle at $3.1726 per gallon and gasoline futures gave up 3.64 cents to settle at $3.1641 per gallon. Natural gas fell a penny to settle at $4.098p er 1,000 cubic feet. BUSINESS T HE TRIBUNE WEDNESDAY, APRIL 13, 2011, PAGE 7B (AP Photo/Mary Altaffer PITWORKERS: Traders work the crude oil options pit at the New York Mercantile Exchange Tuesday, April 12, 2011 in New York. Oil is falling after Goldman Sachs warned investors that crude is due for a substantial pullback. Oil price tumbles on supplies and Goldman pullback INTERNATIONAL BUSINESS
A DAM WEINTRAUB, Associated PressM ILPITAS, California California Gov. Jerry Brown on Tuesday signed legislation requiring utilitiest o get one-third of their power from renewable sources, giving the state them ost aggressive alternative energy mandate in the U.S. California utilities and other electricity providersh ave until the end of 2020 t o draw 33 percent of their p ower from solar panels, windmills and other renewable sources. Brown signed the bill at a solar panel manufacturing plant near San Jose. "There are people who t hink we can drill our way to happiness and prosperity," the Democratic governor told hundreds of plantw orkers and other supporters gathered to witness the signing. "Instead of just tak i ng oil from thousands of m iles away, we're taking the sun and converting it." Previous California law required utilities to get 20 percent of their power from renewable sources. Supporters of the higher stan-d ard said it will reassure investors and keep money flowing to develop alternative energy sources. Theys ay that will lead to cleaner air and job growth in the clean-energy sector. U .S. Energy Secretary S teven Chu also attended the bill signing ceremony at the SunPower-Flextronics solar manufacturing plant in the San Francisco Bay area city of Milpitas. Critics of the legislation s aid sticking with traditional energy sources such as coal and natural gas would be cheaper, keeping costs downf or business and residential ratepayers. Business groups point to estimates that the higher standard could driveu p electricity costs for California ratepayers by more than 7 percent, despite language in the legislation tol imit cost increases. "Industry in California already pays electricity rates about 50 percent higher thant he rest of the country," said Gino DiCaro, spokesman for the California Manufac t urers and Technology A ssociation. "With 33 per cent, those rates are going to go up even more." B USINESS P AGE 8B, WEDNESDAY, APRIL 13, 2011 THE TRIBUNE (AP Photo/Marcio Jose Sanchez RENEWABLE POWERGOALS: Government officials including U.S. Energy Secretary, Steven Chu, far left, and California Gov. Jerry Brown, s econd from left, tour a solar powered facility at Flextronics in Milpitas, Calif., Tuesday, April 12, 2011. Gov. Jerry Brown signed legislation Tuesday that would require California utilities to get a third of their power from renewable sources, giving the state the most aggressive alternative energy mandate in the U.S. CALIFORNIA SETS NEW HIGH RENEWABLE POWER GOALS M ATTHEW CRAFT, A P Business Writers S TAN CHOE, A P Business Writers NEW YORK The Dow Jones industrial a verage lost more than 100 p oints Tuesday after Japan r aised the severity of its n uclear crisis and Alcoa Inc. r eported disappointing sales. A drop in oil prices pulled down energy stocks. Markets also fell in Asia and Europe after Japan said the crisis at its crippled nuclear plant was as serious as the 1986 Chernobyl accid ent, though much less radiation has leaked. The plant in northern Japan was damaged in the March 11 earthquake and tsunami disaster. It means slower growing coming out of Japan in the s hort term, and that's going to weigh on global growth," said Peter Cardillo, chief market economist at Avalon Partners Inc. The Dow Jones industrial average fell 117.53 points, or 0.9 percent, to close at 12,263.58. That's the largest drop since March 16, when the Dow lost 242 points on fears of a n uclear meltdown in Japan. T he Standard & Poor's 500 index fell 10.30, or 0.8 percent, to 1,314.16. The Nasdaq composite index fell 26.72, or 1 p ercent, to 2,744.79. T he situation in Japan and an unexpected drop in U.S. e xports sent bond prices sharply higher and their yields lower. The yield on the 10-year note fell to 3.49 percent from 3.58 percent late Monday. The Commerce Department said in its monthly trade report that exports fell 1.4 percent in February, more than economists had expected and a worrisome sign for U.S. economic growth. Exports had climbed 2.6 percent in Jan u ary to an all-time high. Alcoa dropped 6 percent to $16.70 after the aluminum maker's first-quarter revenues fell short of expectations. Alcoa, one of the 30 companies that make up the Dowa verage, is the first large company to report quarterly earni ngs. Other big companies reporting results this week include JPMorgan Chase & Co., Google Inc. and Bank of AmericaC orp. The energy industry lost the most of the 10 that make up the S&P 500 index. Oil prices slid 3 percent to settle at $106.25 per barrel, the lowest price this month. G oldman Sachs, which had expected higher oil prices, surprised oil traders with a report early Tuesday saying it now expects a "substantial pullback." Chevron Corp. lost 3 percent and Exxon Mobil Corp. 2 percent. Slot machine makers dropped after WMS Industries Inc. warned that its latest earnings will fall short of expecta tions. WMS sank 17 percent. International Game Technolo gy dropped 3 percent. T hree shares fell for every one that rose on the New York Stock Exchange. Trading volume was 4.4 billion shares. Stocks fall after Japan raises crisis level INTERNATIONAL BUSINESS
A R TI S T I N D A S POT LI G HT : LE T'S AD D A LI T TL E P EP P ER! B RI T I SH ROY AL WE DDI N G GU EST L I ST DET AI L S EM E RGE ST YLE ZI NE M AGA ZI N E SE TS REC ORD W I T H ON LI N E HI T S WEDNESDAY, APRIL 13, 2011 T H E T R I B U N E S E C T I O N C By ALESHA CADET Tribune Features Reporter T HE College of The Bahamas Writers of Light will present "Behind The Lens", a photo documentary highlighting over seventy pictures that will be on display focusing on different subjects ranging from "Transportation: It's unreliability to Relationships." The event will take place on Thursday, April 14 at the college's Harry C Moore Library and Information Center, starting at noon. Admission is free. This is the the first photo exhibition to be hosted in the lobby of the new multi million dollar library. The purpose of the exhibition is to create social awareness through the mes sages of the five photos from the students. As Professor Hugo Zarate puts it, "It's like a doc umentary." Every semester since 2007, the photojournalism class has hosted a photo exhibition to tell stories with pho tographs, as each class looked to equal or outdo those that came before." COB student, Myah Moss, an accounting major explained her theme for the exhibition is transportation. She says: "I'll never take or view pictures the same way after taking this class. I found the class to be exciting and learned a lot about story telling, composition and learning about different angles. I found out about this course when looking for an elective." Another student, Kyle Walkine-, a mass communications major noted: "I came into the course thinking that I knew a lot. I think I'm the best photojournalist in the class." He said that the course taught him a lot about composition and depth of field. Speaking on her experience in the class, Jas Haeword added: "It's a lot of hard work but it gave me the opportunity to take pictures of places I wouldn't have before." She says it was also very interesting to see the reactions of the persons not wanting to be pictured. I'll never take or view pictur es the same way after taking this class. I found the class to be excit ing and lear ned a lot about stor y telling, composition and lear ning about different angles. M YAH M OSS PHOTO BY R ICARDO PHOT O BY G EORGE PHO TO BY H ARRIS PHOTO BY K YLE PHOTO BY V ANESSA
T H E T R I B U N E S E C T I O N C A R T S & E N T E R T A I N M E N T 02 WEDNESDAY, APRIL 13, 2011 Y A H E A R G O S S I P C O R N E R L I N E D A Y YA HEAR Gucci Mane arrested AGAIN? According to a police report, he picked up a woman at a local mall, invited her out for breakfast and then tried to offer her $150 to stop by a hotel with him. When she refused, he pushed her out of his car while it was in motion. She was taken to the hospital with "soreness and pain." The rapper (real name: Radric Davis) will also be charged with viola tion of probation. YA HEAR Toronto Raptors are receiving homopho bic backlash? In a lighthearted moment, after a game last week, Leandro Barbosa took the hand of teammate Reggie Evans enroute to the locker room. The image has caused a "no homo" gay panic backlash across the 'net. OutSports captured some of the flavour: "How romantic &ha, faggs. "Reggie Evans is GAY" "Not only does [head coach] Jay Triano have to deal with Barnani and Calderon but these fags as well! it's a miracle they even won 21 games!" YA HEAR Britney Spears and Rihanna collaborated for S&M remix? Pop starlets Rihanna and Britney Spears have joined forces for the official remix of Rihanna's most recent and controver sial single, "S&M." The remix is not too different from the original song. Brit ney gives a little something different on the second verse and joins Rihanna on the bridge. YA HEAR superstar Miami Heat forward LeBron James' mother was arrested? Gloria James was arrested by Miami Beach police after she was accused of assaulting a valet worker because it was taking too long to have her car delivered. She was released with a promise to appear on charges of simple battery and disorderly conduct. BY LESH A TRUE ENTERTAINER, Angelique Rollins, better known as her stage name Countess Pepper started in the business at a very young age. She takes on the craft of singing and dancing to another level. S pe a k in g to I n Y a Ea r C ou nt e ss e x p la i ne d : I m a n e n t e r t a i n e r I s i n g f i r e d a n c e m o d e l a n d I m a l s o a c hor eograp her." A c c o r d i n g t o h e r w e b s i t e w w w c o u n t e s s p e p per.c om wi th her tri cks and dynami c f ir e act s, sh e is k nown to be th e most daring fi re ea t er, wi th h e r a b i l i t y to l i g h t p a r t s o f h e r b o d y o n f i r e s p i t f i r e a n d cr awl t hro ugh a fl amin g ho op of f ir e "S pre adi ng h er weal t h o f k no wl edg e in en te rt a i n m e n t s h e s c h o r e o g r a p h e d f o r m a n y s h o w s s u c h a s S i z z l e F e v e r B r o a d w a y a n d R o o t s a n d C ul t u re s ho w in J am ai ca bac k i n 20 01," t he si t e s t a t e d Th e Cou ntes s he rs el f wh o curr en tly li ve s in N a ssa u is pr o mo t i ng he r n ew a lb u m w h i ch i s c a ll ed F abul ou s and is set t o h it st ores next mo nt h. T he a l bu m h a s twe l v e so n g s a n d I ca m e up wi th t he name F abu lous becau se it is ac tu ally t he n a m e f rom on e of t he s ongs ." W h en a sk ed h o w s he c am e up w i t h t h e na m e C o u n t e s s s h e s a i d : C o u n t e s s i s m y s t a g e n a m e m y agent in Was hin gto n DC sai d th at I have an er a abo ut me th at is of a ri ch weal t hy w oman and so t h e y s t a r t e d c a l l i n g m e C o u n t e s s W e w a n te d t o d r o p th e Pepper, bu t u nfort unat e l y t h e P e p p e r s t i c k s i t s a na me t h at I c an 't get r id of so it add s t o it ." Sp eakin g o n h er sh ow s i n the Ba ham as she s aid : I do sh ows he re ev er y othe r we ek or so I t ravel a l ot but I d o all o f th e m ajor ho tel s, suc h a s S a n d a l s C r y s t a l P a l a c e A tl ant is as wel l as in Exu ma I'm at San dals Resor t. I n Ya E a r u n d e r s ta nd s t ha t C o u n t e s s w a s o n e o f t h e a r t i s t t hat p erf orm ed at t h e Bah amas to p m od el c om pet it i on jus t l ast week So f ar, s he h as w ork ed w it h art ist su ch as Bet t y Wr ight A ret ha F rank lin KB, Ro nn ie Bu tl er and Terez In t he f u tu re sh e wo ul d l ove t o wo rk wit h Sm okey Robi nso n. Gi ving her vi ews on B aham ian mu sic to day and you ng art i st s ou t th ere, s he sai d: "I 'm imp ressed bec ause t h e y ar e not ju st t hin ki ng in th e bo x an ym o r e, t h e y ar e f u s i n g t h e B a h am i a n m u s i c w i t h o t h e r m u s i c wh i c h I th i n k w i l l g e t o u r s t y l e of m u s i c ou t t here fas ter, l ike mysel f, my son g f abu lo us is a mi x of Tec hn o an d J un kano o m ix." I a m i m p r e s s e d w i t h a l o t o f t h e u p c o m i n g a r t i s t s and t heir styl e of d oin g di ff eren t s tu ff i t 's n ot ju st on e way o f t h ink in g w it h th e mus ic everybo dy's get ti ng u s as a bran d o f Baham ian s, ou t t here." BY LESH L A S T W E E K S e p i s o d e o f Ame ric an Ido l 2 0 11 is a n e pis ode I l l n e ver f o r ge t E i t h e r A m er i c a n s h a ve l os t t h e i r m i n d s o r i t was just Pia's time to venture off i n t o b et t e r re c o r d d e a l s, t h at i s th e o n l y l o g i c a l r e a s o n I c a n c o m e up wit h for he r being voted out of the competition. Whether you were a Pia fan or not, you cannot question her tal ent. it was evident and Thursday night's elimination was indeed a shocker for all viewers. M a n y c e l e b r i t i e s t o o k t o t h e f a m o u s s o c i a l n e t w o r k i n g s i t e Twitter, after the shocking elimi n a t i o n t h a t s e n t P i a T o s c a n o ho me p ac ki ng For me r Am e ri ca n I d o l c o n t e s t a n t O s c a r A w a r d w i n i n g a c t r e s s a n d s i n g e r J e n n i f e r H u d s o n t w e e t e d I c a n n o t believe they just eliminated Pia! R e a l l y ? A s l o n g a s s h e w a l k e d a w a y w i t h t h a t v o i c e s h e w i l l b e a l l right! Just hate to see talent like that go!" A ct o r As ht o n Kut c her t w eet ed : "Wh o ar e th e peo p le t ha t v o t e o n A m e r i c a n I d o l ? T h a t s just crazy! That Pia girl is dope. It s a lm os t cr i mi n al. A me ri c an Idol judge Jennifer Lopez tweet e d : I a m tr u l y s a d I ca n t be li e v e this happened. You have to vote f o r w ho you lo ve W e w il l m i ss you." Many of the AI fans who have be en wa tc h ing this se ason of Idol w e r e s h o c k e d b y t h e r e s u l t s a s well. Host Ryan Seacrest tweet e d: A fter we went off ai r no o ne in audience left their seat, every one was in shock. Judges walked on stage to talk to her. JLo was e mo tio na l. N o on e is EV ER s a fe g ot to vo te fo r y ou r f a vo ur i te It' s s o b i z a r r e Af te r I r e a d th e r e s u l t s I thought to myself, did I get that right?" I am still in shock myself. You would think the Thia and Naima f a n s w o u l d v o t e t o k e e p r e a l t a l e n t on the show, such as Pia. I knew her time would come but I never t h o u g h t i t w o u l d b e c u t t h a t s h o r t W a y t o g o j u d g e s f o r u s i n g t h e save so early on in the competi t i o n f o r C a s e y P i a c o u l d h a v e really use it! Going further, let's do the usua l r e c a p T h e s h o w s t a r t e d o f f w i t h t h o s e a w k w a r d g r o u p p e r f o r m a n c e s a g a i n t h o u g h a t a d b i t w e i r d t o s e e t h e g u y s t r y i n g t o d a n c e i t w a s e n t e r t a i n i n g T h e c o n t e s t a n t s a l s o g o t a n i c e vi s i t f r o m B r i t i s h c o m e d i e n n e a n d a c to r R u s s e l B r a n d w h a t a f u n n y guy. R y a n c a m e o u t to c a l l u p C a s e y A b r a m s S t e f a n o L a n g o n e a n d L a u r e n A l a i n a t o c e n t e r s t a g e H e s e nt L au re n to sa fe ty th en Ca se y w a s s e n t t o s a f e t y l e a v i n g S t e f a n o a s p o t i n t h e B o tt o m 3 o n c e a g a i n I saw that coming. More results came when Ryan called up Paul McDonald, Scotty M c C r e e r y a nd P i a T o s ca no t o th e c e n t e r o f t h e s t a g e S c o t t y a n d Paul were safe and Pia landed in t h e B o t t om 3 f or t he f i r st t i me *sighs*. I could almost feel the en ergy f rom t he aud ienc e when t h i s w h o l e e p i s o d e h a p p e n e d everyone looked surprised. R y a n t h e n c a l l s u p J a m e s D u r b i n H a l e y R e i n h a r t a n d J a c o b L u s k J a m e s i s s a f e H a l e y i s s a f e w o w T h e r e w a s a w e i r d p e r f o r m a n c e b y a g u y c a l l e d I g g y Pop. Call me young but I had no idea who he was running around the stage half naked. It was now time for the results f o r J a c o b P i a a n d S t e f a n o t h e bottom 3. Jacob is sent to safety, so I a m thinking Ste f a no is on his way out! Then Ryan crushed my s p i ri t a n d r ev ea le d t h at P i a h a s b e e n e l i m i n a t e d t h i s h a s t o b e o n e o f t h e b i g g e s t s h o c k e r s i n A m e r i c a n I d o l h i s t o r y r e a l i t y show history! A s y o u c a n c l e a r l y s e e n o o n e i s saf e in th is co mpet it ion i t is all or nothing, thins upcoming week the remaining contestants will be sing songs from "movies." T h e e l i m i n a t i o n l i g h t n i n g b o l t s h o c k e r Cupid by Lloyd "When you're in love, everything feels like it goes your way And when you're in love, everyday feels like the perfect day" Pia T oscano
By JEFFARAH GIBSON Tribune Features Writer I T a l l s t a r t e d w i t h a n E m e r s o n t a p e r ec o rd er a gi f t b o t h S as h a Du n n a nd h is s i s t e r f a v o u r e d s i m p l y b e c a u s e i t m a d e t h e m feel like real musicians. With this new toy for Christmas the two m ad e t hei r o w n b eat s a nd c rea t ed c at c h y lyrics that had spice and flavour. "I got s t a rte d with ra p when betwe en a ge t e n a n d e l e v e n m y f a t h e r b o u g h t m e a E m e r so n ta pe re cord er a nd m y s is ter a cas io key board for Christmas. Along with the radio, he bought me the latest rap mixtape from Hitcity a nd a t tha t t im e it wa s ca lled rap 52 I h a d t h e G h e t t o B o y z c l a s s i c s o n g o n a n d a t th a t m om e n t my b on d w a s cr e a te d w i th h ip hop. My s iste r a nd I pr ogr am ed t h e ca si o to pl a y th e b ea t s a nd r e co rd th e a co us ti cs a ft e r rapping and singing over the keyboard," he said. S a s h a D u n n w h o i s n o w a r e c o r d i n g B a h a m i a n a r t i s t d e l v e s i n t o a n u m b e r o f musical genres, however hip hop is by far is f a v o r i t e s t y l e o f m u s i c A n d w h i l e s o m e o f h i s w o r k h a s b e e n i n f l u e n c e d a n u m b e r o f i n te r n at i o n al mu s ic i a ns li k e B o b M ar le y, F el a K u ti B i g g i e Sm a l l s T u p a c S ha ku r a n d B u j u B a n t o n h e c a n t e s c a p e h i s l o v e f o r Junkanoo music. "Hip-Hop is my favourite style of music b e c a u s e i t i s s o m a l l e a b l e Y o u c a n b e n d i t t o do what you need it to do, mix and fuse it w i t h d i f f e r e n t s o u n d s B u t t r u l y a t t h e b o t t o m of my heart, Junkanoo will always rule for the b asic rea son it is li ke tha t vis cera l mus ic o f m y a n c e s t o r s N o m a t t e r w h a t I m d o i n g a t a n yt i m e t h e m i n u t e I h ea r a d o u b l e r ac k ki ck of f or a brass sect ion int ro I h a ve to stop and listen intently," Sasha explained. Cu r r e nt ly Sa s h a i s th e e x e c ut iv e pr o du ce r o f t h re e m i x ta pe s H e h a s o n e s i n g l e i n r ot a tion on the local radio stations titled "The Epic Of The Notorious Dunn." Wo rk f or th e yo ung art ist never st ops. C urren t ly he is in th e s tu dio s wo rki ng on a n o t h e r p r o j e c t c a l l e d t h e T h e D U N N Epoch". A s a n ex ec u t i ve p ro d u c e r I h av e p r o d u c e d n u m b e r o n e h i t s s u c h a s 2 4 2 F L Y a n d Here. My recent radio release off the mix ta pe ca l l e d G O g a i ne d ma s s iv e s p in s e v e r y day thanks to local DJs," the artist said. Fo r t he p a st ye a r S a sh a ha s b e en fo cu si ng o n cr e a ti n g a b r a n d fo r h i m s e l f a nd a ll o w i ng h i s wo r k t o e v o l v e i n wa y t ha t a tt r a c ts m a i n stream audiences. I a m c r e a t i n g a n e w p a t h f o r m y s e l f because it is not all about number one hits but rather cutting classics songs. My evolu tion can be seen in the caliber of work. My t e a m a n d I a r e p r o d u c i n g a n e w s o u n d t h a t i s n o t a r e p l i c a t i o n o f w h a t i s a l r e a d y o u t t h e r e A nd t hrou g h t hi s, au dienc es c an fu lly see the evolution of my sound. It is something t h e y c a n l o o k fo r w a r d to b e c a u s e i t s g o i n g i n a direction I'm sure no one is expecting." In the near future Sasha Dunn intends to a d d t o t h e l i s t o f c o l l a b o r a t i o n s w i t h B a h a m i an artists such as Lady Millz, Baygone, and Puzzle Man. M y g o a l i s t o c o l l a b o r a t e w i t h m o r e B a h a m i a n a r t i s t s I n t h e n e x t 2 0 y e a r s I w o u l d a l s o l i k e t o s e e t h e e n t e r t a i n m e n t become the main industry in the Bahamas surpassing tourism." T H E T R I B U N E S E C T I O N C A R T S & E N T E R T A I N M E N T 03 WEDNESDAY, APRIL 13, 2011 By ALESHA CADET Tribune Features Reporter T HE COMPLETELY Bahamian owned maga zine, has stirred up fans and views straight up to 20,000 hits in less than 24 hours after its online debut of "The Girl Next Door," issue of Stylezine Magazine. N o w i n i t s f if t h y e a r, S t y le z in e M a g a z i ne i s p ro v i ng t h a t i t s a rt f u ll y p re s e nt e d c ov e rs t re n dy a nd po pc u lt u re t op ic s a n d f e a t ur e s o n t e ch no l og y f a sh io n, re la t io ns hi ps a nd a r t a re w h a t t he pe o p le w a n t A c c or di ng t o t h e w e bs it e w ww st y le zi n e ma g a z in e c om : t he m i ssi o n i s t o sh ow c a se t a l e nt s pr im a ri l y i n t h e f a s hi on a rt s e nt e rt a i n me n t a n d c ul t u ra l f i e l d. T h ro ug h f i rs t pe r so n i nt e rv i e w a nd e d it o ri a l ph ot o g r a ph y ou r a i m i s t o sh ow t he mo re p e rs on a bl e s id e of t h e se p e rs on a l it ie s c om pl im e n t e d w i t h mu l t if a c e t e d a rt i c le s s po t li g h t s a n d f e a t u r e s T h is mo nt h s i ss ue f e a t ur e s n e w sc a s t e r K ri s t in a M c N e i l of c a b le 1 2 a s T he G ir l N e x t Do or St y l e z i ne s la t e st i ss ue s e e k s t o sh a t t e r t he s t e re ot y p e t h a t a l l p e o pl e i n t h e me di a c ou rt a t t e nt i o n w he n t h e c a me ra s a re o f f w he n i n r e a l it y a ll a g i r l w a nt s t o do is si t a n d w a t c h s om e St a r T r e k r e ru ns Go i ng f u rt h e r T he c r e a t o r a n d E di t o r C hi e f o f St y le z i ne M a g a z i ne N i k Ba rne s i s p le a se d wi t h t he p ro g r e ss ma d e by t he ma g a z in e s in c e it s i nc e p t io n. T o d a t e S t y le z in e ha s br ok e n ba r ri e rs a s a n i nd e p e nd e nt l y p ro du c e d m a g a z i ne t ha t i s a b le t o r e a c h r e a d e rs a c ros s a w i de d e mo g ra p hi c i nc l ud in g ma le s a n d f e m a l e s b e t w e e n t he a g e s o f 1 6 t h ro ug h 3 5 T he s t re n g t h of t h e m a g a z i ne r e st s in t h e wr i t e rs a nd of c o ur se t h e a r t f ul p re se nt a t io n o f t he co v e r st o ri e s. T h is hi p a nd e x c i t in g m a g ha s ma na g e d t o ha v e Ba h a m ia n a r t is t s l i ke T a da S ke t c h a nd B od in e on i t s c ov e r i n t he p a st T h e F r e sh ma n Cl a s s: B la ck t o sc h oo l e di t i on ha s a l so f e a t u re d ph ot o g ra ph e r L y nd a l We l l s a n d r a pp e r a n d p oe t R A P P Q ue l l e a n d i t a ma sse d mo re t ha n 1 3 0 0 0 0 hi t s T h e Gi rl N e x t Do or i s su e is t he f ir st i P a d, I ph on e B la c k be r ry a nd Sm a rt P ho ne f ri e n dl y i ssu e w hi c h a l l ow s r e a d e r s t o t a ke t he i r f a v or i t e ma g a z in e a l on g w it h t h e m w i t h n o c o nse qu e nc e t o t h e e n v i r o n m e n t APRIL 14 THURSDAY BOOK SIGNING: CHRISTIAN CAMPBELL Come and enjoy an evening with Bahamian Poet, Rhodes Scholar and winner of the Aldeburgh First Collection Prize for poetry, Christian Campbell, as he shares from his collection "Running the Dusk", 7pm at The College of The Bahamas' Performing Arts Centre. APRIL 16 SATURDAY ATLANTIC MEDICAL FUNWALK 2011 Atlantic Medical presents its Funwalk 2011 which raises funds for chari table causes. Cost: $15/adults; $12/children. Telephone: 326-8191. See cgigroup.bm. APRIL 16 SATURDAY FIRST IMPRESSION'S SEMINAR: "YOUR 30 DAY MAKEOVER" First Impressions Etiquette Training and Image Development presents a seminar on the topic, "Your 30 Day Makeover", an essential guide to a better you with certified etiquette coach, Juliet S Seymour. 10am-1pm at the British Colonial Hilton. Cost: $80/includes continental breakfast and impressive registration package. Limited space available. T: 3221849 or 465-0637. E: email@example.com See julietseymourfirstimpressions.com. APRIL 22 FRIDAY BCC'S "THE SAVIOUR" MEDITATION T he B a h a m a s C h r i s ti a n C h o r a l e u nd e r t h e d ir e ct io n D a r v il l e S o n n y W a l ki n e w i th Ad r i a n Ar c h e r a s t e n o r J o e y E d wa r d s a s b a s s R a y m o n d An to n i o o n p ia no a n d Je ffr e y S tu r r u p o n o r g a n p r e s e n ts L l o y d We bb e r s T h e S a v i o ur a m e d i ta t io n o n t h e d e a th o f C h r i s t, 7 3 0 p m a t th e M t M o r i a h Ba p t is t Ch u r c h. F r e e a d m i s s i on APRIL 27 WEDNESDAY WOMEN'S EMPOWERMENT SUMMIT 2011 Oyster Publications Limited invites women to embrace their power at the 2011 "Women's Empower ment Summit", a dynamic, impactful and exhilarating day designed just for women to address their specific issues. Cost: $295/per per son; $250/per person in groups of 5 or more; $150/students. Fee includes access to sessions, lunch and refreshments, gift bag, exec utive padfolio, tickets to Michael Pintard's "Women Talk", bridge toll and park ing passes. Empower your self today! Telephone: 4563763 Email: firstname.lastname@example.org See wom ensesummit.com. T H I N G S 2 DO His own style: Sasha Dunn Sasha Dunn S T Y L E Z I N E M A G B R E A K S R E C O R D T h i s m o n t h s i s s u e f e a t u r e s n e w s c a s t e r K r i s t i n a Mc N e i l o f c a b l e 1 2 a s T h e G i r l N e x t D o o r S t y l e z i n e s l a t e s t i s s u e s e e k s t o s h a t t e r t h e s t e r e o t y p e t h a t a l l p e o p l e i n t h e m e d i a c o u r t a t t e n t i o n w h e n t h e c a m e r a s a r e o f f w h e n i n r e a l i t y a l l a g i r l w a n t s t o d o i s s i t a n d w a t c h s o m e S t a r T r e k r e r u n s
T H E T R I B U N E S E C T I O N C A R T S & E N T E R T A I N M E N T 06 WEDNESDAY, APRIL 13, 2011 J ust a few images of what we the Bahamas looked like 40...50...60... years in the past This i s a m em orial t o a m a st er phot ogr a phe r Howard Glass. H o w a r d w o r k e d f o r m a n y y e a r s w i t h t h e Bahamas News Bureau, an arm of the Min i s t r y o f T o u r i s m i n t h e i r e f f o r t s t o p r o m o t e t h e B ah am a s i n in t e r n at i o n al p u bl ic a t io n s an d t o g e n e r a ll y pu t u s in a g o o d l i g h t s o t h a t those tourists would continue coming to our shores Th es e p hot os a r e fr om How a rd s ow n p or tfo lio. Flash Back BY ROLAND ROSE S p r i n g f r u i t s T he fruits of spring that are ripe now and those that will be ready in the next couple of months are among some of the most desirable of tropical fare. B r e a d f r u i t i s a n u n u s u a l f r u i t be c a us e i t m us t be c oo ke d a n d u s e d mainly as a savoury dish. It may be baked or roasted, a favourite being roasting in the coals of a barbecue. Supporting a breadfruit in a length o f p a n t y h o s e p r e v e n t s t h e f r u i t fa lli ng a nd be ing r e nde r ed in ed ibl e. Akee is another fruit that is used f o r s av o ur y p u rp o s es m os t l y as a scrambled egg substitute for break f a s t T h e a k e e p r o d u c es t w o h a r ve sts on e i n sp ring a nd the othe r i n sum me r. On ly eat akee if you are used to preparing it, as a fruit that h a s n o t o p e n e d f u l l y a n d b e e n exposed to light can be deadly poi sonous. Tamarind is the defining ingredi e n t i n B r i t i s h p r o d u c t s s u c h a s Worcestershire sauce, brown sauce a n d f r u i t s a u c e a l l o f t h e m k n o w n a s stea k sa u ce in the US. Ba hamians p r e f e r t a m a r i n d s a u c e t h e p u l p boi le d with su ga r, or the fa irl y sim ilar tamarind jam. Tamarind pulp is r e f r e s h i n g e a t e n r a w a l s o m i x e d with sug a r an d wa ter for a sw itche r. T h e A n o n a s s t a r t p r o d u c i n g i n spring with custard apple and s ugar a p p l e b e i n g t h e e a r l i e s t t o r i p e n L a t e r o n c l o s e r t o s u m m e r w i l l c o m e t h e b el o ve d s o ur s o p. A l l o f t hes e f ru it s are eat en o ut o f h and o r c a n b e a d d e d u n c o o k e d t o c r e a m custard and made into ice cream. Black sapote is sometimes called c h o c o l a t e p u d d i n g f r u i t b u t o n l y b e c a u s e o f i t s c o l o u r ; i t d o e s n o t t a s t e l i k e c h o c o l a t e I o n l y k n o w o f i t b e i n g e a t e n o u t o f h a n d w i t h a s po on T he bl a ck s a po te tr e e is v e r y h a n d s o m e a n d w e s h o u l d g r o w m o r e than we do. B l e s s e d i s h e w h o h a s a j a b o t i c a b a tree for he will have many people come to his yard and ask: What the hey is t ha t ? The black fruit s grow from the trunk and limbs, giving a r at he r e er i e e f f e c t T h e f l a vo u r i s grap e-l ik e w it h a mi lky af t ert ast e, b e l o v e d b y m a n y T h i s B r a z i l i a n native should be in more yards. The Surinam cherry bears lovely scalloped fruits that can sometimes be sour but at their best are sweet and juicy. The Barbados cherry has wi ld l y flu ct ua ti ng be a r in g ti me s a n d s o m e t i m e s p r o d u c e s i n s p r i n g th oug h ear l y summer is more certain. Last year my Barbados cherry b o r e h e a v i e s t i n S e p t e m b e r M y daughter made a jelly from Barba dos cherry that was extraordinarily good. M a y b e t h e b e s t o f t h e s p r i n g f r u i t s is the loquat. Unfortunately its sea so n i s di st re ssi ngl y sh or t. L oq ua ts h a v e m a n y c u l t i v a r s a n d th e b e s t a r e equa l to any tropical f rui t in t a ste. I only know of it eaten out of hand. T h e t r e e s a r e h a n d s o m e a n d w o r t h a p la c e i n a la rg e y a r d o n l oo ks a lo ne CASHEW APPLES T h e c a s h e w a p p l e i s n o t a fa v our ite in T he Ba h am a s bu t ha s a pa s sa b le fla v ou r. If y o ur tre e be a r s ma n y ca s he w a pp le s y ou c an c ol le ct e no ug h ca sh e w n uts to ro as t. M unti ng ia or s tra wb e rr y tr e e is a g re a t fr ui t fo r chi ldr e n to ea t. T he ma r bl esi ze d fr ui ts dr op o ff th e tr ee wh e n r i pe a nd h a v e a d is ti n ct s tr a wb e r r y t a s t e A l s o c a l l e d P a n a m a be rry muntingia f r uits c o me to u s fr om Br a zil Wh en th e g ia n t m ulb e rr y tr e e i s h a r v e s t e d i t i s t i m e f o r f r u i t p i e s a n d t a r ts I k n o w o f s o m e t r e e s t h a t h a v e pr od uce d l a rg e ha rv e s ts du ri ng the wi nte r m on ths b ut s pr in g is the us ua l t i m e o f b o u n t y O n l y p i c k r i p e be r ri e s th a t ar e bl a ck a l l ov e r T he s l i g h t e s t tr a c e o f r e d w i l l m e a n s o u r n e s s W a x j a m b u i s i n f l o w e r n o w a n d i n l a t e A p r i l a n d M a y w i l l p r o d u c e p r o d i g i o u s l y T h e f r u i t s c a n b e e a t e n ra w b ut hav e b et t er f l avo u r w h en c o o k e d i n s u g a r w a t e r w i t h a d r o p o r two o f re d fo od c olo ur in g a dd e d to im pr ov e t he a p pe a ra nc e. L a t e r o n i n s p r i n g i t w i l l b e s a p o di l l a s e a s on Di l l ie s d o n o t lo o k g o o d b u t t h e y t a s t e g r e a t e a t e n o u t o f h a n d T h e y g r o w w i l d i n c o p p i c e l a n d b u t t h e b e s t f l a v o u r i s o b t a i n e d f r o m s e l e c t e d c u l t i v a r s T h e t r e e i s t a l l a n d ha n ds ome one of th e m os t im pr es s iv e o f a ll t ro pic al tr e e s. ga rd en erj ack @co ral wa ve. co m FRUITY: Breadfruit is savoury but is still classed as a fruit. GREAT SNACK: Surinam cherries make a delicious snack picked straight from the tree.
WEDNESDAY, APRIL 13, 2011 THETRIBUNE SECTIONE PAGE 8E National stadium taking shape B y RENALDO DORSETT Sports Reporter email@example.com A fter reaching t he apex of h is basketball career with a Gatorade Call-Up to theN BA, Magnum Rolle will have one final regular season opportunity to make an i mpact with his new club. T he newest member of the Atlanta Hawks, Rolle will have his final opportunity to m ake his official NBA debut when the Hawks tip-off against the Charlotte Bobcats on the road at the Time Warner Cable Arena in Char lotte, North Carolina at 8pm t onight, eastern standard time. Rolle who was signed to a two year contract with thef ranchise Monday afternoon, did not suit up in the team's 98-90 loss to the Miami Heat Monday night at Phillips Are na in Atlanta, Georgia. Rolle was the 25th player to receive an official Gatorade C all-Up from the D-League to the NBA for the 2010-11 season. The 6' 11" forward, isn ot initially expected to play f or the Hawks in the playoffs but sources indicate he could have an opportunity to participate in training camp and compete for a roster spot in the summer. R olle, 25, was among the prospects to work out for the Hawks prior to the 2010 draft. H e will have an opportunity to compete next season for a spot on a Hawks roster than has been plagued by a lack of depth in the frontcourt in recent seasons. The Hawks will enter the summer of 2011 with six unre stricted Free Agents including Hilton Arm strong, Jason Collins, Jamal Crawford, Josh Powell, Etan Thomas and Damien Wilkins. With the Hawks cemented as the fourth seed in the Eastern Conference, and scheduled to face the Orlando Mag ic in a repeat of last year's first round series, Rolle could see extended playing time with the Atlanta coaching staff more concerned with resting its starters. In an interview with NBA.com's Matt Becker, Hawks coach Larry Drew stressed the importance of getting the team as healthy as possible headed into the postseason. '"Mentally and physically we have to start getting ready for (Orlando after Monday's 98-90 loss to Miami. "I'm just hoping I can have my players as healthy as they can be as they head into t hat series." The Hawks have been l ocked into the fifth seed for t he last week, and the outcomes of the last three games haven't mattered much to Drew. I think it's more important t o rest starters and get out of these last few games as h ealthy as we can," he said. "Yes, we would like to break the losing streak. Yes, we would like to have a win to gain some momentum headi ng into the playoffs. "But I can live with healthy p layers better than I can live with a win from a game that has very little meaning." Drew has rested his starters i n the fourth quarter in each of the last two games, and his reserves nearly pulled out a win Monday against a Heatt eam that was trying to secure the East's second seed.' A first professional season f illed with its share of tri umphs and pitfalls for Rolle, ended in the best case sce-n ario with his signing to an N BA franchise. In the season finale, a 115113 loss to the Erie Bay h awks, Rolle finished with 15 points, four rebounds two steals and one blocked shot i n 26 minutes on the floor. He started seven of his 15 games and finished third on the team in scoring at 14.1 p oints per game. He also averaged 5.5 rebounds, 1.2 blocks, and shot over 50 percent from the field. The Red 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 Indi ana Pacers' roster in the NBA, was the third overall pick in the first round of the D-League draft. He appeared in two games to open the season, but had his year cut short soon thereafter. In May the Red Claws waived Rolle due to an injury, but announced they would bring him back when he returned to full health. He was sidelined indefinitely with a knee injury, replaced by Jordan Eglseder, a 7-0, 280-pound center, via the Available Player Pool. Upon completion of his rehab process, Rolle returned Opportunity is knocking again for Magnum Rolle By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org HAVING abandoned her quest to secure her professional card through the Bahamas Bodybuild ing and Fitness Federation, Dawnita Jones-Fry has decided to pursue it through the World Bodybuilding and Fitness Federation. This weekend, she will be competing in her second show in the Canada based WBFF when they launch their initial campaign in the United States at the Fitness Atlantic Championships at the Oakdale Theater in Wallingford, Connecticut. Jones-Fry, who leaves town on Thursday for Saturdays competition, said shes eager to get on the stage for her first show for the year and the first for the WBFF that is headed by Paul Dillett, a former IBF pro. Ive made a lot of improvements since Canada, said JonesFry, reflecting on her WBFFs debut in September when she got fourth at the Figure Tall category in Toronto. With competitions like these, Jones-Fry set to compete this weekend THE New Providence O ldtimers Softball Associat ion continued its regular season action over the weekend at the Archdeacon William Thompson SoftballP ark at the Southern Recreation Grounds. Results of games played a re posted below: FP Truckers 23, Sands Beer Boyz 16: Alfred Skater Munnings got the w in over Mike Dillet on the m ound. Van Lil Joe Johnson led the Truckers attack with a 3-for-6 plate appearance, including hitting a homer un, while scoring three runs. CVine Seymour was 3for-4 with three runs scored and Brad Wood, Phil Culmer and Richard Bastian all homered. For the Boyz, Will E lliott was 2-for-2 with a h omer, driving in five runs and scoring four times. Chavez Thompon was 4-for-4 with a homer and a run scored and Daron Sweeting was 2-for-3 with a homer, a R BI and two runs scored. Crusaders 28, Dozer Heavy Equipment 26: Crestwell Pratt helped his own c ause by going 3-for-4 with two homers and four runs scored. Andy Ford was 4-f or-5 with two homers, four RBI and four runs scored; Bernard Young was 3-for-5w ith a homer, five RBI and two runs scored and Ivan Francis was 3-for-6 with a homer, five RBI and threer uns scored. Keith Moss led Dozer with a 3-for-6 outing with a homer and three RBI; K evin Neely was also 3-for-6 with two RBI and three runs; Godfrey Gully Williew as 3-for-5 with two RBI a nd three runs and Nat Porter was 3-for-6 with a homer, five RBI and fiver uns scored. Unique Giants 21, St. Anges 20: Vernon Bowles picked up the win and Henr y Dean was tagged with the loss on the mound in Sundays game. Brian Capron went 3-for-5 with a homer, six RBI and three runs scored to lead the Giants; Jeff Randall was 3for-5 with two homers, five RBI and three runs and Harry Gardiner was 5-for-5 with a homer and two RBI. In the loss, Anthon Roberts wqent 4-for-6 with a RBI, scoring two runs; Philip Paul was 3-for-5 with a homer, three RBI and a run scored; Mario Williams was 3-for-5 with two RBI and two runs scored and Arthur Humes had a grand slam homer. KC Construction 12, Welding & Fire 2: Paul Moss got the win on the mound and Hector Rolle was tagged with the loss on Sunday. Kelson Armbrister went 3-for-4 with a homer and two RBI; Dwayne Taylor was 2-for-4 with two RBI and two runs scored; Diego Saundwrs was 2-for-3 with a RBI and a run scored and Johnny Armbrister had a homer. Heres the schedule of games on tap for this week end: Saturdaysschedule 11 a.m. Six Packs vs Unique Giants. 1 p.m. Q-Club Divers vs Welding & Fire. 3 p.m. Pokers vs William C Jets. 5 p.m. KC Construction vs Dozer. Sundays schedule 1:30 p.m. BTC vs Long horns. 3 p.m. Levita vs FP Truckers. 5 p.m. Technicians vs GH Enterprises. n BODYBUILDINGANDFITNESS Bahamian to take part in second show in Canada-based WBFF SEE page 4E Newest member of Atlanta Hawks has final chance to make official NBA debut n New Providence oldtimers association SOFTBALL RESULTS SEE page 4E GOING FOR THE TOP: Magnum Rolle, Rolle was the 25th player to receive an official Gatorade CallUp from the D-League to the NBA for the 2010-11 season.
S PORTS PAGE 2E, WEDNESDAY, APRIL 13, 2011 TRIBUNE SPORTS Youngsters who are part of the Central Andros Youth Camp were given valuable advice on how to live their life while visi ting Nygard Cay in Lyford Cay on Saturday for a day of fun. Among those to offer advice were j unkanoo Percy Vola Francis, from sailing King Eric Gibson and Fast Eddie D ames from the Ministry of Youth Sports and Culture. The Central Andros YouthC amp is headed by former professional boxers James Killer Coackley and Ray M inus Jr. who also gave the boys and g irls valuable advice and encouragement. Francis urged the youngsters to exercise patience and make good decisionsa bout the company they keep and the places they go, while Dames encouraged other youngsters and parents nation-widet o get involved with the camp or similar organisations that help build good char acter in todays youth. King Eric told the youngsters that anyone can be a selfm ade king but first they must figure out what their purpose in life is and develop that. The youngsters were treated to l unch on the beach before taking boat rides in Nygards mini leisure speed boat, playing volleyball, basketball and loungingi n the shade. WELCOME: Peter Nygard opened his home to a group of young boxers on Saturday. Learning LIFE LESSONS PLENTYTOLAUGHABOUT: Godfrey Strachan shares a joke with some of the boxers at Nygard Cay. IN THEKINGDOM: Legendary King Eric Gibson and other officials give the young boxers some instructions as they toured Nygard Cay on Saturday. Y OUNGSTERSVISIT N YGARD C AYIN L YFORD C AYFORDAYOFFUN HAVINGACHAT: Eddie Dames of the Ministry of Youth Sport and Culture chats with one of the boys at Nugard Cay. FISTOFFRIENDSHIP: Godfrey Strachan and coach Ray Minus Jr at Nygard Cay.
The Sir Jack Hayward Premier L eague Soccer Camp has enjoyed seven successful years. The dates this year are June 27 t o July 1 inclusive the first full week after the last school closes for the long summer break ando rganisers are again expecting t o enroll close on 200 kids. There will be a full week of skills devel opment from really top quality p rofessional UK coaches SPORTS TRIBUNE SPORTS WEDNESDAY, APRIL 13, 2011, PAGE 3E SOCCER CAMP A PREMIUM FIXTURE ON SUMMER CALENDAR Organisers of Sir Jack Hayward Premier League Soccer Camp expect to enroll nearly 200 kids
S PORTS PAGE 4E, WEDNESDAY, APRIL 13, 2011 TRIBUNE SPORTS G N-1207 you never know what you are going to meet until you get there. I got a little glimpse of some of the girls when I went to Canada. But I didnt expect it to be as competitive as it was. Having spent considerable time preparing for the championships, Jones-Fry said shes feeling good and her coach, former Miss Bahamas, Maxine Darville, is also pleased with the process she has made. My diet is going very good. I dont feel as tire and as weak as I used too, so Im confident, Jones-Fry explained. Im a little bit nervous, but Im okay. Im hoping to make the top five again, but of course, I want to improve on my placing. Following the trip to Connecticut, Jones-Fry is expected to return to Canada to compete in the BC Championships that will be held on May 28 in Vancouver. While the championships in Connecticut is the first for the WBFF in the United States, the overall winner will be awarded her pro card. Im not trying to be negative, but I want to be realistic, said Jones-Fry about her chances of securing the card. The competition is very tough. The Figure Tall is different from the Figure Short because the Figure Short girl can stack on the muscles. In preparation for the trip, Jones-Fry said shes been prepping herself since January and shes implemented some new items into her diet, but at the same time, shes been eat ing a lot more high protein and red meat for more size. We wanted to put on graduate gain, so it would be quality gain, said Jones-Fry, about the consultation from her training squad. So it was kind of rough because I had moments where I was like God, I cant do this mentally because its 80 percent mental. But after you get over that and I had some good people in the gym egging me and pushing me along to keep me going. Ive had ups and downs, but for the most part, this has been like my best prep. While Darville, Jones-Frys cousin who introduced her to the sport, has been working with her, Jones-Fry said shes appreciative of the support shes gotten from male bodybuilder Brock Bridgewater and Audley Storr, a former fitness trainer at the Crystal Palace. As she prepare to travel, Jones-Fry said her goal is to return to the top five, but she wouldnt mind getting into the top three, which would push her closer to securing her pro card. I know you have to keep building and improving because once you get the pro card, youre in the big leagues and thats when everything changes, she pointed out. So thats my ultimate goal. Im hoping to make top three this time, just to improve my placing. If I go above that, I would be pleased. But that is what Im looking for. Jones-Fry, who has a photo shoot on Friday with the competition on Saturday, is due to return home on Sunday. Hopefully, she will have some hardware in her hand to shoe off her performance from the championships. Dawnita Jones-Fry set to compete FROM page 1E to the Red Claws lineup and made an immediate impact. I n his first game back, he came off the bench and canned 20 points in 24 minutes. He shot 9-19 from the field and 2-for-4 f rom the free throw line to go along with six rebounds and two assists. Since his return from injury Rolle averaged 15 points per game and recorded two double d oubles. His best outing of the season came March 31st in a 105-100 win over the Fort WayneM ad Ants when Rolle totaled 23 points and 12 rebounds. His first double double of the year came march 20th in a 107-105 win over the Texas Legends when he poured in 16 points a nd grabbed 11 rebounds. Rolle became arguably the biggest sports story in the country in 2010 when He was s elected 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. He was released by the Pacers, just a day before the NBA openedi ts regular season and two days before the Pacers were scheduled to show its 2010-11 ros ter. The decision to cut Rolle came as a surprise to many as he had quickly become a fan f avorite following his play in Las Vegas Sum mer and had been held in high regard by Pac ers executives. R olle was signed to a two-year guaranteed contract in September on the opening day of training camp. He was selected by the Pacers with the 51st pick in the NBA Draft and became the first native Bahamian to hear hisn ame called on draft night in over 30 years. The Oklahoma City Thunder originally held the rights to the 51st pick, however they agreed to swap picks with the Pacers (with the 57th p ick) and selected Ryan Reid. The 6'11" 230-pound forward out of Louisiana Tech joined a Pacer draft class which a lso included Fresno State forward Paul George and Cincinnati guard Lance Stephenson. Atlanta Hawks Magnum Rolle has final chance to make official NBA debut FROM page 1E n JUNIORBASEBALL
SPORTS P AGE 8E, WEDNESDA Y APRIL 13, 201 1 TRIBUNE SPORTS BEHOLD A SIGHT TO Felip Major /T ribune staff SCENES OF CONSTRUCTION work on the new Bahamas National Stadium. Work at the site is expected to conclude at the end of June. The $30m facility, situated at the Queen Elizabeth Sports Com plex, is a gift from the Chinese Government.