N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R C M Y K C M Y K V olume: 106 No.260FRIDAY, OCTOBER 1, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER MOSTLY CLOUDY, T-STORMS HIGH 90F LOW 75F S P O R T S The Tribune THEPEOPLESPAPER BIGGESTANDBEST BAHAMASEDITION McCOMBO OF THE DAY N E W www.tribune242.com THEHORROR By NATARIO McKENZIE Tribune Staff Reporter email@example.com THE horrifying details of how four young boys died at the hands of perverted Cordell Farrington were revealed to their grieving families yesterday. Relatives listened in disbelief as prosecutors disclosed the sor did and gruesome circumstances surrounding their killings on Grand Bahama seven years ago. The court heard how 43-yearold Farrington picked up Mackinson Colas, 11, Junior Reme, 11, Deangelo McKenzie, 13, and Desmond Rolle, 14. He bru tally attacked them and hid their bodies in secluded areas, only to return weeks later to collect the remains and store them in boxes at the home of his unsuspecting former girlfriend. The revelations during Farringtons sentencing hearing yesterday sparked an emotional outburst from members of the victims families who sobbed uncontrol lably and had to be ushered out of the court. YOUNGBOYS FAMILIES HEAR FOR FIRST TIME HOW LOVED ONES WERE KILLED Cordell Farrington locked up for life THE TRIBUNES BRENT STUBBS IN INDIA READ HIS COMMONWEALTH GAMES REPORT ON PAGE 11 T EARSOUTSIDECOURT: G rieving family members (above and far right of the victims had to leave court yesterday as emotions ran high. Cordell Farrington (centre T i m C l a r k e / T r i b u n e s t a f f INSIDE FAMILY OF MAN SHOT DEAD BY POLICE ACQUIRE LEGAL COUNSEL PAGETHREE CHRISTIE: PMHAS SOURED PUBLIC OPINION AB OUT BAHA MAR DEAL PAGETWO FORMER PM REGRETS NOT SELLING BTC PAGETWO SEE page eight
COUNTLESS numbers of senior citizens in the country are being deprived of their homes, property and even t heir old age pension, accordi ng to Minister of State in the Ministry of Labour and Social Development Loretta ButlerTurner said. And with some Bahamian f amilies unable or unwilling to assist their older relatives,t he Department of Social Services is frequently expected to house those neglected seniors and take care of their needs, she said. S peaking during a press c onference on Monday to announce the schedule of activities for Older Persons Month, Mrs Butler-Turner said: Unfortunately, these people do not believe that their seniors are their responsibility.T he attitude is that they cannot afford to care for their parents or relatives financially. Hence, we must take the role as caregivers and must protect them from abuse ande xploitation. She said individuals must be cognisant of the needs and r ights of the older, more vuln erable members of our society. These rights include indep endence, participation, care, self-fulfillment and dignity. Mrs Butler-Turner e xplained that the United N ations states that the rapid growth of the number of older persons could result in i ncreased poverty, decline in housing and healthcare. Therefore, she said, it is v ery fitting that the Bahamas h as adopted the United Nations theme 'Older Persons and the Achievement of the M illennium Development Goals'. These goals are: eradicating extreme poverty and hunger; achieving universal primary education; promoting g ender equality and empowe ring women; reducing child mortality rate; improving maternal health; combattingH IV/AIDS, malaria and other diseases; ensuring environ-m ental sustainability and d eveloping a global partners hip for development. Mrs Butler-Turner said the Senior Citizens Division alongw ith other officers of the Department of Social Services throughout the Family Islands will continue to ensure the enactment of the Millennium Development Goals, whilee xamining closely the aging of o ur population. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE FRIDAY, OCTOBER 1, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By REUBEN SHEARER Tribune Staff Reporter firstname.lastname@example.org I N ITS ongoing effort to improve electricity supply t o more than 8,000 customers in Abaco, the Bahamas E lectricity Corporation is continuing with planned upgrades at the new Wilson City Power Plant, now in its final testing phase. The upgrades will improve electricity supply on the island, and residents will no longer experience blackouts due to load shedding, a statement from the corporation said. B EC went on to accept responsibility for the recent o utages on Abaco, explaining that it became necessary to maintain a balance between demand and generation capacity until the power station is properly functioning. The purpose of the new power plant is to provide a dditional capacity to support the corporations Marsh H arbour facility, which is incapable of fulfilling Abacos growing power needs. B EC requested the patience of Abaco residents as t hey work feverishly to bring the Wilson City Power P lant back online and provide seamless electricity supply to customers. We hope that future outages will be kept to a minim um as we go through this brief testing phase, said a BEC official. B y NOELLE NICOLLS Tribune Staff Reporter email@example.com A GROUP of suspended students from a North Western District junior high school confronted their parents on Thursday about the e xistence of gangs. They did so in a reconciliation meeting with Superintendent Leon Bethel from the Cen-t ral Detective Unit (CDU Reid of the Hope Centre Ministries. The meeting was a first of its kind, intended t o foster a relationship between the families, the police and the children. Supt Bethel said the police were looking to partner with the community to reform minds and not just lock up kids. He said the animosity between children remains even after someone is locked up, so additional intervention is needed. He said the hatred between the students grows over time when the root of the problem is not addressed. The boys, ranging in age from 11 to 14, rat tled off the names of over 15 gangs they claim are present in their school: the Gun Dogs and Gun Hawks, Yen, R&R, Westside Jubilee, Dirty South, Swampers, Mason Murderers, Pinewood Niggas, to name a few. They all have a corresponding community and territory on the school compound. Principals will deny the fact that gangs exist, according to Pastor Reid, because some of them fear they might lose their job. In the minds of the children, he says, it sends the message that we live in a false world. Fighting Either you are blind, dumb or you are trying to cover up the fact that you have a problem. I have had students tell me how they have to jump the school fence before the bell rings just to get out. I have even run into stu dents who dropped out of school because they were tired of fighting; they were out numbered and tired of having to defend them selves. That is the culture we are in now, said Pastor Reid. The pavilion at one junior school, for example, is said to controlled by the Raiders. One mother, said her son told her, boys come bythe pavilion and push their hand in your pocket and steal your lunch money. Her son had his school bag stolen and cut up during the first week of school. She said her son appears to be shifting his character at school to fit in, and the changes are now starting to spill over at home. Pastor Reid said she was not alone, because he has counselled students who say they fail exams intentionally, so they do not stand out. The faces of some mothers showed a clear expression of surprise that gangs exist, and their children were aware. The meeting pro vided an opportunity for the parents to express their frustration and assist in coming up with solutions to the problem. One of the mothers had earlier discounted the presence of gangs, saying anytime a group of boys are together they are said to be in a gang. She said her son is not in a gang, but he is sometimes forced to defend himself. A nother mother said she once witnessed a group of outside boys verbally harassing random students in front of her sons school. She said the boys ripped the pocked off af emale students blouse and stole her money before running off. In the past few days, she said school admini strators started escorting students to the bus stop, which was a helpful initiative. One of the grade nine boys said he did not f eel threatened in school because most of them are scared of me. He said his record of fighting goes back to grade 7. Fighting was a necessity, he said, in order to prove himself. One parent said she did not want her son to feel he had to take matters into his own hands. He wanted him to learn to use the proper channels. Retaliate One of the suspended boys said this was not practical, because students retaliate when they are reported to the authorities. He said, an incident that may have been between two students would definitely escalate into a fight between two gangs. Some of them, after you do that they will come back and beat you, and they will gang you this time, he said. Pastor Reid explained to the parents that every area has a crew, and the parents are not informed because they know you gone pop their neck. He said the boys do not want to be in gangs, but they feel forced to align themselves with a faction in order to protect themselves. Students are aligning themselves with var ious groups. We label them as gangs because (their behaviour is) moving towards the negative. I would be naive if I were to say to you they did not exist. Some of them are more hostile than others, but as we have read of gangs and seen them on the television, I don't think we have gotten to that point, said Howard Newbold, superintendent of the North Western District. I have been in education for 40 years. We have seen symbols of students who claim they are affiliated with gangs. Many of them attach themselves to groups for many reasons, for safety reasons, and to attach themselves for positive reasons, like going to a friend to study, said Mr Newbold. When I was in school there were groups of students who would move together, but we werent gangs in the negative sense. What we did would have been positive. There was a safeguard in the numbers. I believe that is philosophically what is hap pening, he said. Pastor Reid agrees that youth gangs in the Bahamas are not as organised as American gangs, but he insists that is the direction in which the Bahamas is headed. He said gang activity accounts for a lot of the bullying, petty theft, school stabbing, and cross rivalry, but there has recently been a branch ing out into more serious activity, such as car theft and housebreak-ins. BEC continues with planned upgrades at power plant %4+2674'*17)*6 Suspended students confront parents about existence of gangs Many senior citizens deprived of homes, property and pension ANNOUNCEMENT: Minister of State in the Ministry of Labour and Social Development the Loretta Butler-Turner (left announces the activities for Older Persons Month being cele b rated in the month of October at a press conference. Sitting on the right is administrator of the Persis Rogers Home and National Council on Older Persons member Francis Laedee. Letisha Henderson /BIS S CHEDULE OF ACTIVITIES FOR OLDER PERSONS MONTH DURING the month of October designated as Older Persons Month several activities will be hosted by the Department of SocialS ervices in partnership with the National Council on Older Persons to highlight issues, concerns and accomplishments related to senior citizens. Today, a church service will be held at St Francis Xavier Cathedral, West Street. An exhibit will be held this coming Tuesday in the foyer of the Clarence Bain Building that is designed to create a sense of awareness regarding items that were utilised many years ago. There will also be a workshop on Dementia on Thursday, October 14, at the Transfiguration Church Hall that will inform on how to care for persons experiencing the ailment. On Friday, October 22, the computer closing exercise will take place. The purpose of the classes is to give older persons the introductory information on modern technology. Then there will be a fun day for persons in group homes/rental units and urban renewal areas. On Monday, October 25, the ministry will host its annual Nation Builder Award Ceremony, which will be held at Government House. Special awards will be presented to 10 older persons and unsung heroes, drawn from nominations throughout the Bahamas, for their contributions to the development of the country.
B y ADRIAN GIBSON firstname.lastname@example.org FROM THE outset, the proposed project to redevelop Cable Beach (Baha Mar) seemed unjustifiable as theres no volume of business to rationalize sucha massive investment, which appeared destined to become nothing short of a white elephant. Since the early days, the so-called redevelopment project has been on the brink of total c ollapse, languishing in a p erpetual state of dormancy. The Baha Mar saga can be likened to a ghost story, that is, one that has haunted the nation for years but remains an economic poltergeist. Will it ever come t o fruition, emerging from t he vividly make-believe w orld of the developers imagination to something that is tangible, that the Bahamas can be proud of? The Baha Mar deal has been shrouded in mystery and riddled with top-secret clauses and fire-sale conc essions from the time that i t was initially brought into the publics consciousness. Frankly, although the curr ent administration has sought to renegotiate the deal, it has represented a reckless gargantuan handover of public land on a silver platter for nothing m ore than a jar full of shiny b eads! S ince the giveaway of a hotel and hundreds of acres of publicly-owned primel and on Cable Beach, all I ve seen thus far are fancif ul visual representations of B aha Mars dreams that are repeatedly paraded on nightly newscasts, the clo-s ure of the Nassau Beach hotel and legal squabbles between the developers and their financiers. Financiers T he great land giveaways by the former government h as been, in some cases, to s everal carpetbagger develo pers who are more comparable to land speculators, as they dont have them onies and must search for financiers and/or earn capital from selling lots for hundreds of thousands of dollars. In some instances, it appears that Bahamian Crown land has been given a way for 30 pieces of silver t o mere amateurs who k now little about the development of resort properties. H onestly, it has been a w hile since weve had a major project in the ilk of Atlantis, Paradise Island. T he decision of Prime M inister Hubert Ingraham to temporarily shelve a con troversial labour resolution f or the Baha Mar project was representative of the classically good common sense for which the PM hasb ecome known. It would have been fool ish for the government to pass a favourable resolutionf or Baha Mar when they have a yet unsettled loan with Scotia Bank for moret han $200 million and with t he China Export-Import Bank refusing to release financing because they are s eeking to use the propert ies on Cable Beach (the Sheraton and Wyndham resorts) as collateral to secure their loans. So, whata re the implications for the Bahamas if Baha Mar defaults on yet another loan? How can they repay $2.6 billion when it appears that they have serious difficulties paying back $200 million? Has Baha Mar paid outstanding government taxes and, if not, when will they do so? There is too much at stake here. The economic downturn in the US makes the Baha Mar project seem even more far fetched, since an ongoing recession means that many of the potential 80 per cent of American tourists who annually visit our shores will be more pro tective of their discretionary income and therefore not travel. Even more, the absurd request for more than 8,150 work permits for Chinese and other foreign workers to come to the Bahamas to p articipate in the re-development project is simply unconscionable. Moreover, the Prime Minister is rightthere will be little to no transfer of knowledge to l ocals! I f the developers can d efault on a $200 million loan with Scotia Bank, to the point that they couldo nly achieve a resolution on the broad parameters of an a ppropriate settlement, the P rime Minister must have considered the damning consequences for such ane xtensive, exclusive strip of land (Cable Beach principals behind Baha Mar default on repayment of the C hinese loan. Put simply, the xenophobic fears of Creole becoming an official n ational language would be s urpassed by the notion that M andarin will become the mandatory second lan-g uageat least the lang uage for business transactionsand the Chinese would control a large seg ment of our tourism product and arguably the best strip of property on New Providence. T he Prime Minister, in d iscussing Baha Mar, said it best when he stated: We also have to take i nto account reality. We h ave operating down in Cable Beach now a number of hotel rooms a number of them are closed now,i ncluding the casino. Well if I have difficulty dealing with less than 1,800 rooms whati s it likely to be the case if I put 3,500 rooms there? What makes me feel and what gives me the level ofc onfidence that all of a sudd en I've become a magician in terms of the managemento f a hotel and I'm going to h ave a very successful oper ation with high levels of occupancy and good levels of revenue to repay the loano f $2.4 billion? Loan "And if I am having dis c ussions about the question o f repaying a loan of $200 million that is dragging on and on, does that raise any question that I ought to bec oncerned with? These are all matters that the government has to be concerned with. "My duty is to do what I think is best for the Bahamian people and we are considering and pondering all these matters before we give formal consideration". Amen to that! Seemingly, the PM is ensuring that Bahamians are not, yet again, raped of their patrimony in yet another land grab. Frankly, the Baha Mar deal should be entirely renegotiated or nixed! TERRIBLE SERVICE OF CABLE BAHAMAS! With all of its fancy TV commercials promoting its move to a digital format, Cable Bahamas must improve its internet service. From Monday to sometime after 1pm yesterday, I had been inconvenienced and without internet service. Frankly, the response time for technicians is unac ceptable and there is no acceptable excuse for my failures with internet con nectivity. As I have indicated to their customer service rep resentative, I expect my account to be credited for the days that I was without service. Surely, Cable Bahamas should know that internet service and quick responses to failures are paramount in this age of modern technology, e-com merce and instant communication. Whilst the cable company is usually more consistent than many of the quasi-government utility companies, the aforemen tioned should be duly not ed! C M Y K C M Y K P AGE 6, FRIDAY, OCTOBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM The Baha Mar saga has haunted nation for years Y OUNG M AN S V IEW ADRIANGIBSON L EFT-RIGHT: S heryl Knowles, Pinewood Urban Renewal; Constable Chester Walker; Kindrick Rolle, Organiser; MP Bryan Woodside, sponsor; Edward Curling, sponsor; Bishop George Barr Jr; Ken Johnson, Christian Massive. T HE second annual Stop the Violence com munity festival will be held today and tomorrow at Pinewood Park, under the theme More peace on our streets. On Friday, between 5 pm and 11pm, there will be a gospel jam boree featuring community choirs, dance groups, drama groups and gospel artists. Then ight will end with a candle-light community prayer. O n Saturday, there will be a cultural fair and concert, beginning at 6am with a fun-walk and health screening. This will be followed by a souse-out, live performances, marching b ands, games and competitions and a junkanoo rush. There will be a Kids Corner featuring a b ouncing castle, face painting and slides and games. STOP THE VIOLENCE FESTIVAL STARTS TODAY Shar e your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for impr ovements in the ar ea or have won an award. If so, call us on 322-1986 and shar e your stor y.
C M Y K C M Y K LOCAL NEWS PAGE 8, FRIDAY, OCTOBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Important Notice To our Valued Clients We wish to advise that effective November 1, 20101, Royal Bank of Canadas domestic retail and commercial banking operations conducted out of its branch network in The Bahamas will be transferred to a wholly-owned subsidiary of Royal Bank of Canada, which is headquartered in Toronto, named RBC Royal Bank (Bahamas the brand name RBC Royal Bank. RBC Royal Bank (Bahamas laws of The Bahamas and will be licensed by the Central Bank of The Bahamas. This change in legal entity is a reflection of RBCs determination to deepen its presence in The Bahamas and establish a local corporate structure for its banking operations. As a client, you will continue to receive the same competent, friendly and helpful service from the employees who have served you over the years. The changeover will be seamless and clients will not be required to take any immediate action resulting from this change in our name and legal entity structure. Through the normal course of business and well in advance, RBC will advise you of any new requirements. As RBC embarks on this new phase of its development in The Bahamas, we remain committed to providing clients with a distinctive customer experience.1Subject to receipt of all required regulatory and governmental approvals and authorizations. www.rbcroyalbank.com/caribbean Registered trademark of Royal Bank of Canada TM The Lion & Globe symbol and RBC are trademarks of Royal Bank of Canada m embers that required intervention. R eginalds daughter Nickell said her f ather may have retorted if someone approached him and treated him like a vagrant, because he was a proud man and often did not stay quiet when disrespected. If someone spoke to him in a demeaning way, he would say, I have children your age, let me give you their business card. Obviously you dont know how to talk to me; let me send you to my educated children so they can teach you how to talk to people, said Nickell. The most problem he would cause, she said, is that his words would cut you. She said her father had no need to beg, because he had strong family support. The family is concerned about the discrepancies between eye witness accounts and police reports. They say, even if police accounts are true, they should have acted in a more professional manner to diffuse the situation and provide help for their father. Is that the order of the day, where a police officer shoots someone and leaves them on the road to bleed like a dead dog? I am all for police protecting themselves, but he was an old and frail man. If you kicked him to the ground, why could you not restrain him? Why did you have to dispense your weapon? Patrice asked. Reginald was known by many names: Morning George, Boy, Cisco. For some time his daily routine was to leave his business interests in Bain Town to visit his family downtown. The route included a stop by his brother George at the British Colonial Development Company, his daughter Nick ell, who used to work at Fluid Club, and then his daughter Shurie, who used to work at Scotia Bank main branch. After making his family rounds, he would head back to the bus bay and catch a bus over the hill, where he was in the process of building an apartment building. He would have spent most of his days sorting out his property. Other than that he would be relaxing in front of his building greeting whoever. He still was into exercising. He would swim on the beach by Long Wharf, do a run by the fort, and he was inside by 6pm. No time after 6pm would he be outside, said Nickell. He started out as a kitchen steward at Compass Point, when he first entered the hospitality business. For about ten years after that he served as a public transport operator, running a taxi from the airport and Paradise Island. Shurie said people prejudged her father because of his appearance, perhaps because they saw a man with his hair grown. Initially they must have felt he had nobody. It was a textbook case, open and shut. They felt they didnt have anyone with sense to answer to, but we beg to differ, said Shurie. Even if they felt the action was justified they should show some compassion. To me they are being arrogant about it as though they do not have to answer to anyone, she said. The family says it is trying to shield its young children from developing negative feelings towards the police. The family is now faced with that threat. Reginald has several grandchildren. We want the truth to be known so our children dont grow up with that bitter taste in their mouth against the police. When they think about Papa, we want our kids to say justice prevailed, not this is what happened to Papa and nobody did anything about it, said Patrice. We dont want that to dwell in our family. We dont want to hate the police, we want to respect them. You want to grow up you children in the light that they respect authority. We want them to believe if they live the right way, then justice will prevail, she said. Farrington had already pleaded guilty to manslaughter. In his confession, he revealed how he picked up t he unsuspecting boys, s odomised them and then k illed them. He told how he h id their bodies at Barbary B each in eastern Grand B ahama, returning weeks l ater for their remains. S entencing Farrington to l ife, Senior Justice Jon Isaacs described the killings as horrific and not of someone who should be readmitted into society. The court heard how Farrington, tired of killing, w alked into the Central Police Station in Grand Bahama, told police he simp ly could not take it anym ore and confessed to the m urder of 22-year-old Jamaal Robbins who hec laimed had been his lover a s well as the murders of the four boys. Farrington is already serving a life sen tence for the death of Mr Robbins. Mackinson Colas went missing on May 16, 2003. He w as last seen by his mother. F arrington told police he had picked the boy up on P ioneers Way, Freeport. He c onfessed that he took M ackinson home, ordered him to take a shower and told him he was going to killh im. According to his statement, Farrington said that when the boy asked why heh ad to kill him, he replied by saying simply that he had to do it. Farrington told police he bound the boy by his hands and feet with duct tape and struck him on the head several times with a wooden plank. He then put the boys body in the trunk of his car, d rove to Barbary Beach and buried him there. Two weeks later he returned to collect his remains. An outburst by a sister of the deceased prompted the judge to order that all relatives leave the court. You took my brother f rom me. You are supposed t o die, the woman shoute d. D eangelo McKenzie was l ast seen by his grandfather o n May 27, 2003. Farrington told police he picked up the boy in the parking lot of theC hurch of God while he was heading home from school. He said he had asked the boy to go home with him to p ick up some equipment for the church. He confessed that he took the boy home a nd had sex with him twice. H e asked the boy about his f amily and told him he was going to have to kill him. Hes aid the boy told him that h e only wanted to go to school and have a good education. Farrington then bound the boy with duct tape and hit him in the head several times with a wooden plank. H e then put the boys body i n the trunk of his car and drove to Barbary Beachw here he hid the body. J unior Reme was reported missing on July 29, 2003, and was last seen by his mother. Farrington told police he h ad picked the boy up at the rear of Christ the King Anglican Church and took him home. There he ordered the boy to take a shower but the boy refused. Farrington told investigators that he bound the boy w ith duct tape and the child started to scream, so he stabbed him in the neck with a knife; all the while his own son was in another room. He told police he took the boys body and put it in the trunk of his car. He then drove to Barbary Beach w here he hid the body. Farr ington told police he was s orry the boy had to die such a horrible death. D esmond Rolle was last s een by is mother on September 28, 2003. Farrington said he picked t he boy up at a park while heading to Williams Town. He told the boy he knew his mother and brother, and h aving gained his trust, drove him to a bushy area where he handcuffed and r aped him. Farrington then s lit the boys throat, took his b ody back to his car and committed a sex act. Het ook the boys body to Bar b ary Beach, slit open the chest cavity, removed his heart and severed his limbs. Farrington told police he was trying a new way to kill. Prosecutor Neil Brathw aite said there was evid ence that Farrington had also been involved in bes t iality, had been admitted to S andilands and had suffered physical, emotional and psy chological abuse. He said the prosecution had accept e d Farringtons plea of guilt to the charge of manslaughter as he had acted with d iminished responsibility. W hen asked whether he had anything to say, Farr ington broke into tears in t he prisoners dock. H e said: I didnt fully understand what happened but I ask for forgivenessf rom the family members. His attorney Ramona Farquharson noted that Farrington had confessed to the crimes and had suffered from a severe personality disorder. She submitted that p rior to committing the o ffences he had been a productive and law-abiding citi zen. I n sentencing Farrington, Senior Justice Isaacs noted t hat the promising lives of f our young boys had been s nuffed out and that the court could show no further degree of mercy to Farring-t on other than what had already been afforded him. He also noted that Farrington reportedly suffered from a severe personality disorder. Senior Justice Isaacs described the killings as horrific and not of someo ne who should be readmitted into society. H e sentenced Farrington t o life imprisonment on each of the four counts. The j udge stated that while in p rison he would receive the c ounselling he needs. The court hoped that he would spend the rest of his naturall ife in jail. Relatives of the deceased refused to speak after the hearing. Farringtons attorney said: I think there is a sense of relief that everything has f inally come to a conclus ion. Cordell Farrington locked up for life F ROM page one LIFESENTENCE: Cordell Farrington outside of court yesterday. Family of man shot dead by police acquire legal counsel FROM page thr ee REGINALD CISCO SMITH pictured with his family. He was shot by police on Bay Street.
C M Y K C M Y K SECTIONB email@example.com FRIDAY, OCTOBER 1, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69T he information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.19 $4.37 $4.22 customized group & individual health plans uninterrupted coverage coverage after age 75 24/7 customer serviceall of the above be happywith your health plancall us today at 396-1300 A DIVISION OF A MBESTA-ExcellentFinancialStrengthRating NASSAU I FREEPORT I ABACO I ELEUTHERA I EXUMA I FINANCIAL CENTRE I CORPORATE CENTRE I www.famguardbahamas.com By NEIL HARTNELL T ribune Business Editor A leading attorney yesterday expressed concern that the Bahamas was running a real repu tational risk because very few fraudsters and wrongdoers responsible for financial collapses in thisn ation had been brought to justice, while the regulators rarely failed to detect such problems in t heir infancy. B rian Moree QC, senior partner at McKinney, Bancroft & Hughes, told Tribune Business that Reputation risk fear on financial fraudster justice Senior attorney and QC warns that Bahamas must show financial sector has integrity and is first class by holding white collar criminals to account *Adds that regulators must be more proactive when writingi s on the wall to prevent financial collapses, and do better job on justice for investors post-collapse Tells Tribune Business: Weve got to demonstrate through actions and regulatory structures that if you rip off investors in the Bahamas, you will be brought to justice and held a ccountable for your conduct. It is only in that environment investors feel comfortable in Bahamian entities SEE page 2B BRIANMOREE LANDMARK: The world-renowned Atlantis resort on Paradise Island, which is a huge tourism draw. By NEIL HARTNELL Tribune Business Editor A leading Freeport wholesaler is threatening to take legal action against Bahamas Customs over the unlawful detention of eight trailers worth of imports, one of its executives telling Tribune Business last night that the situation was harming both its sales and the $1 million per annum duty con tribution it makes to the Governments revenues. Christopher Lowe, operations manager at Kellys (Freeport Bahama Chamber of Commerce president, said the com pany had temporarily suspend ed the importation of three more trailer loads of products until the situation with Customs was resolved, since there was not much point in importing them if they could not be sold. Explaining that the situation related to Customs demand for Kellys (Freeport report to it on its bonded good sales, and its threat to not clear the companys trailers until this was received, Mr Lowe said the company currently had 10 trail ers worth of imports it was unable to receive. We have 10 trailers on the ground, and three more trailers we have put on hold with the vendors, Mr Lowe explained, as theres not much point in importing goods if you are unable to clear the goods and sell the goods. Theyre hurting the Trea sury and the Governments rev enues more than us. We submit to them $1 million a year in duty collected on their behalf. Mr Lowe said he was unable to precisely detail the quantity and value of products contained in the trailers presently detained by Customs, but said it was significant, because those are the products that are replacing the products that we are Customs detains firm s 8 trailers over sales report Wholesaler and attorneys threaten legal action over unlawful detention of goods, warning it placed companys business in jeopardy and already suffering financial losses Company already pays $1m in duties to Treasury per annum, and executive says three more trailer imports placed on hold until matter resolved* Government revenues and product sales both impacted, with high-demand products facing possible inventory shortages SEE page 2B F e l i p M a j o r / T r i b u n e s t a f f By NEIL HARTNELL Tribune Business Editor Some 78 Grand Bahama residents were out of work last night after the Port Group Ltd affiliate that runs the Port Lucaya Marketplace evicted the three restaurant businesses owned by Sir Jack Haywards son, Rick, who told Tribune Business last night: Im incredibly, enormously upset. Speaking to this newspaper just hours after representa tives of Bourbon Street Ltd, the Port Group/Grand Bahama Port Authority sub sidiary that owns the Marketplace, locked him and his staff out of the three properties La Dolce Vita, the Pub at Port Lucaya and East Mr Hayward expressed his unhappiness at being unableto come to terms with the landlord over a new lease/rental agreement. Im incredibly, enormously upset about the whole thing, and that we couldnt come to an agreement. Weve got 78 people out of work. It is totally unnecessary, Mr Hayward told Tribune Business. He referred to a potential agreement that had previous-ly been reached between him self, his company, LDV Ltd, and the landlord in summer 2010, which involved Bour bon Street and the Port Group forgiving the rental debts estimated at about $500,000-$600,000 in return for handing East over to 78 jobs lost as Sir Jack evicts son SEE page 4B By NEIL HARTNELL Tribune Business Editor Desperate people take des perate measures was how the hedge fund financier for an $857 million Bahamian resort project yesterday labelled its former partner, describing as "outright lies" its allegations that it "fabricated the unavaila bility" of a key witness. Responding to claims that it misled Roger Stein, and his RHS Ventures company, over the unavailability of the man Desperate men do desperate things $857m South Ocean project financier hits back at outright lies of former partner in bitter courtroom battle* Alleges that latest claims an effort to obtain yet another delay to ratifying of arbitration award removing him SEE page 4B By CHESTER ROBARDS B usiness Reporter c firstname.lastname@example.org Timeshare units in the Harborside complex on ParadiseI sland are now 97 per cent sold-out, Tribune Business was told yesterday, with K erzner International expect ing Atlantiss group business to make a marginal comeback n ext year before returning to a semblance of pre-recession levels in 2012. George Markantonis, K erzner International ( Bahamas) managing direc tor and president, said A tlantiss overall year-overyear occupancy levels show a rebound in stopover visitor numbers. A nd while the group busi ness dynamics have changed since the global financial crisis and ensuing recession, book ings for 2011 will be above 2010. Mr Markantonis said the large corporate retreats PI timeshare 97% sold-out Atlantis expecting full group rebound in 2012, with marginal comeback in 2011* No fall Beach Tower closure for first time Reef condo-tel shows greatest occupancy increase, with Atlantis occupancies set to end 2010 above last years levels GEORGE MARKANTONIS SEE page 4B By CHESTER ROBARDS Business Reporter email@example.com KERZNER International w ill not consider moving for ward with its Paradise Island Phase IV expansion plans until the $2.6 billion Baha M ar project comes to a final conclusion, its managing director revealed to Tribune Business yesterday, fearing t hat the Bahamian resort market would be over-saturat ed if new room inventory was released at the same time. G eorge Markantonis said Atlantis does not want to sat urate the room inventory of Nassau/Paradise Island with i ts planned Phase IV develKerzner: No Phase IV till Baha Mar end SEE page 3B
selling, the products on demand. He added that the failure to clear those trailers would have an immediate impact on sales, given that Kellys (Freeports was dependent on a fast inventory turnaround. This meant that it might start experiencing shortages in highdemand products, hence the position of Kellys (Freeport and its attorneys that it will launch legal proceedings within 48 hours, unless Customs withdraws its demands and clears the companys trailers. Not only does every business in Freeport have to fight off a rough economy, now theyhave to fight off our government, and Im glad were in a position to be able to fight on a matter of principle, because it will have an effect on all licencees, Mr Lowe told Tribune Business. Theyre in effect making a request of you just like a person whos a gun to your head and demanding your wallet. That is effectively their approach; youre being asked to do something at the point of a gun. A September 30, 2010, letter sent to the Comptroller of Customs and head of Customs in F reeport by Kellys (Freeports attorney, Fred Smith QC, a C allenders & Co attorney and partner, called on the government agency to withdraw its demand for a bonded goods sales report as contained in its August 5, 2010, letter to the company. Stating that a review of the Hawksbill Creek Agreement and Customs Management Act produced no authority for Customs to legally demand such a report, Mr Smith wrote: This spontaneous demand is contrary to an established practice that has existed between our client and your Department since 1986, whereby our client provided monthly duty paid sales reports and entries to your Department. Decades Our client is a Licensee of the Grand Bahama Port Authority and has conducted its business under the provi sions of its License for decades. The importation of dutyexempt goods by our client is governed by the Hawksbill Creek Agreement and the law of the Bahamas, and not at the whim of your Department. Our client has contractually and statutorily protected rights to conduct its business as it has been conducting it, and has a legitimate expectation that it is entitled to continue to conduct its business as heretofore without arbitrary interference by your Department conjuring up new procedures. Bonded goods sales is a practice whereby Freeport-based wholesalers, such as Dolly Madison, Kelly's (Freeport and Bellevue Business Depot,a re able to sell products to other GBPA licencees for use in their respective businesses only, without any duty being paid to Customs/Government on their sale. It is a report on this activity that Customs is seeking, but Mr Lowe is arguing this has never been required before. Meanwhile, Mr Smith accused Customs of making good on its threat to enforce K ellys (Freeports by preventing our client importing containers of articles for its business. Some eight containers had been detained, he alleged, with Mr Lowe telling Tribune Business that a further two had since arrived on Grand Bahama. He said: We are instructed that our client delivered all of the necessary documentation in respect of six of the trailers on September 21, 2010, and the other two on the 22nd September for clearing the same. In respect of six of the trailers, your Department has refused to permit clearance of the goods on the basis that Bonded sales for JanuaryAugust are needed. That statement appears on an Entry Query Form dated September 22, 2010. We understand the normal process is that where your Department refuses to clear or permit an importer to clear goods, this entry form is produced, stating the reason for your Departments refusal to permit clearance. With respect to the two remaining containers we under stand that even more arbitrarily, your Department has sim ply refused to accept delivery of the appropriate documents from our clients customs bro kers attempting to clear the goods contained in those two containers. And Mr Smith warned: We have advised our client that this subsequent refusal by your Department to clear the six containers upon the basis that our client has not supplied Bonded sales in JanuaryAugust is unlawful. Further, your Departments complete refusal to deal at all with the other two containers is also unlawful. In the premises, you are in possession of our clients goods and have no lawful authority to detain the same. For the avoidance of any doubt, we hereby require you to surrender our clients goods, comprising the eight contain ers of goods referred to above, up to them forthwith. Your refusal to comply with this demand within a reason able time will result in the conversion of our clients goods for which damages will be sought. Be advised that our client relies heavily on the regular importation and quick clearance of goods required to conduct its business in Freeport, so your Departments continuing detention of its goods is likely to result in loss of profit to our client. Further, certain of the goods are susceptible to water and other damages, and if such goods are damaged by the delay in returning them to our client then their value will be claimed for in full. Warning that Kellys (Freeports placed in jeopardy, and that it had already suffered financial losses, Mr Smith demanded that the trailers be cleared and the necessary paperwork for their release accepted, with no conditions, such as a bonded good sales report, attached. C M Y K C M Y K BUSINESS PAGE 2B, FRIDAY, OCTOBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM the Bahamas and its financial services industry had to be concerned about the message being sent to clients/foreigni nvestors when it came to holding financial criminals and wrongdoers to account for their actions. And he argued that Bahamian financial services regulators needed to take a more proactive approach and deal with problems as early as possible wherever they arose, detectingw arning signs before situations got out of hand and became i mpossible to rectify. The regulatory oversight, in many instances, seems to be more reactive than proactive, and not always efficient in detecting when it should fraudulent activity or wrongdoing that ultimately leads to the collapse of investment funds, banks or some other entity, Mr Moree told Tribune Business. H e declined to cite specific situations, but one where the writing was on the wall from at least 2005-2006, prior to its eventual placement into Supreme Court-supervised liquid ation in early 2009, was CLICO (Bahamas The sector regulator, the then-Registrar of Insurance, h ad been aware that CLICO (Bahamas s ubstantial funds (eventually totalling $73 million Bahamas for investment in Florida-based real estate projects s ince 2003-2004, and this newspaper since 2007 had been raising questions about the companys financial health, partic-u larly why there was such a large concentration of its assets in a single, illiquid development. Y et no regulatory action to protect policyholders and c reditors was taken until CLICO (Bahamas those of its Trinidadian parent, CL Financial, had become so t erminal that they were impossible to correct. M eanwhile, Mr Moree added: Once the collapse occurs, w eve not always been very good at bringing wrongdoers to a ccount in a way that protects the overall integrity of the industry, so that the message goes out that if youre involved i n fraudulent activity in the Bahamas, you run the real risk of being caught and brought to justice, rather than the Bahamas being seen as the Wild Wild West, where if thesef ailures happen you can run off to other countries and nothi ng happens to you. The point is: How does the jurisdiction deal with the failure from the point of view of bringing wrongdoers to account, and how efficient is the court system and regulatory structures in offering the highest level of protection to investors in getting back their money? I t was here, Mr Moree said, that the reputational risk lay for the Bahamas. Financial collapses and frauds took place throughout the world, he noted, even in the US, UK, Canad a and major G-7 countries, but the key was what hap pened post-collapse and whether this nation was doing enough to give comfort to foreign investors/clients thatt heir interests would be sufficiently protected and looked after. The leading QC added: That is something we have to take a look at the regulators, the white collar crime pros-e cutors, and the directors of the police force responsible for commercial crime. Recor d It seems to me that that they all have to look at their record for bringing people responsible for white collar crime, domestically and through cross-border activities, to justice. Strong action, Mr Moree emphasised, would act as a d eterrent to those prepared to perpetrate fraud through activities and operations in the Bahamas. Weve got to demonstrate through actions and regulatory s tructures that if you rip off investors in the Bahamas, you will be brought to justice and held accountable for your conduct. That is a very important aspect to maintaining our reputation as a first-tier international financial centre. It is o nly in that environment investors feel comfortable in Bahamian entities. Its easy to say that we have integrity, and the financial s ervices industry is first-class and well-regulated, but we have got to demonstrate that is indeed the case when something happens. One such example was the $25 million collapse of former broker/dealer Caledonia Corporate Management that the resulting fall-out, which has been covered extensively by Tri bune Business. This newspaper has regularly been contacted, via phone and e-mail, by Caledonia clients questioning what action the Securities Commission of the Bahamas will take in relation to the collapse, and whether it actually has any regula tory enforcement teeth. Caledonias $25 million collapse resulted from allowing a now-convicted fraudster to trade on margin as part of a Pump and Dump stock manipulation, using other clients assets without their knowledge as collateral for his activ ities. When the margin became unsustainable, the Canadian correspondent broker sold off innocent clients assets to cover the hole, something that has been admitted by a for mer senior Caledonia executive in sworn testimony. Yet the Securities Commission, at least publicly, appears to have taken no action in more than two years against the principals at Caledonia. The Bahamas has also had to deal with its fair share of investment fund implosions over the past decade, such as the collapse of the Olympus Univest fund and potential loss to investors of an estimated Cdn$440 million. The Securities Commission began investigating the funds Canadian manager, Norshield, in 2004, but it is not known whether any enforcement action was taken. The collapse also appeared to play a major role in the closure of Bahamian fund administrator Cardinal International, although the company denied any wrongdoing and no findings have been made against it so far by the liquidators. Reputation risk fear on financial fraudster justice FROM page 1B F ROM page 1B Customs detains firms 8 trailers over sales report FRED SMITH
By NEIL HARTNELL Tribune Business Editor Baha Mars principal has p ledged that construction w ork and ground breaking for the $2.6 billion project w ill take place in a few short months, even as talks on finalising a shareholders a greement to resolve its outs tanding $200 million Scot iabank loan continue. Speaking in New York as p art of an occasion to celeb rate the 25th anniversary of its equity and construction partner, China State Constructions, presence in the US, Sarkis Izmirlian, Baha Mars chairman and chief executive, said: In a f ew short months, the cons truction of Baha Mar will begin and we will be breaki ng ground on the famed C able Beach. T ribune Business reported yesterday that Baha Mar and Scotiabank had determined the amount of cash the developer would pay upfront, and the size of the equity stake the bank will t ake in the $2.6 billion Cable Beach redevelopment, hav ing decided on the figuresi nvolved in their debt-fore quity swap. T hey are now wrestling over the terms of a Share-h olders Agreement that w ould govern their relation ship and the terms of Sco tiabanks equity participation in the Cable Beach pro j ect. This was effectively confirmed in a late Baha Mar statement on Wednesday,w hich said agreement had been reached on the broad parameters of an appropri-a te settlement with Scotiab ank and the lending syndi cate. The relevant docu ments were now being d rawn up and finalised. The Cable Beach loan s ettlement is the last materi al financing piece related to t he Baha Mar project, and it is now in the process of being resolved, Mr Izmir lian said then. Approached In his address at the China State Construction event, Mr Izmirlian said he and his family were approached by the then-Christie governm ent to consider re-developing Cable Beach, and admitted they themselves w ere initially sceptical. My family and I have a v ision for the country of the Bahamas, and its huge potential for tourism, MrI zmirlian said. We were approached by the Bahami an government to consider r edeveloping a beautiful a rea of Nassau called Cable Beach.........Cable Beach had been the original leading tourism area of Nassau form any years, but over recent years had become sadly neglected. The Bahamian govern ment wanted to restore this area to its former glory and asked us if we would bei nterested in the revitalisa t ion of this important land mark destination. At first, my family and I w ere somewhat sceptical t hat such an undertaking w as something we wanted t o get involved in, but as we started to evaluate the beauty of the site and to look at the potential of creating something truly magnificent, w e increasingly became inspired by what could be achieved. Withdrew A fter Harrahs withdrew a s a 43 per cent equity partn er in the development, Mr I zmirlian said Baha Mar s poke to many international c onstruction companies, looking for a contractor partner. We quickly realized that only a handful truly got it a nd were as inspired about the possibility of creating t his project as we were. Most other companies focused more on the diffic ulties rather than the o pportunities, focusing on o bstacles rather than the bigger strategic picture this compelling opportunity presented its multiple stakeholders, Mr Izmirlian said. It became quickly appare nt during the selection process that one organization stood out above all the others, China State Construction and Engineering Corporation. This is because they saw B aha Mar for what it is: a u nique world-class resort that they could build, and in t he process, showcase to the w orld China States ability t o deliver an intricately d esigned, and complex, resort metropolis on a somew hat remote island in the C aribbean. C M Y K C M Y K BUSINESS T HE TRIBUNE FRIDAY, OCTOBER 1, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM +LJK(QG&RPPHUFLDOHDO(VWDWH 0XOWL)DPLO\/RWIRUVDOH %HDXWLIXO:HVWULGJH(VWDWHRUWK 3DYHGRDGV %DQN)LQDQFLQJ$YDLODEOHb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o pment, and will therefore await the finalisation of the $2.6 billion Baha Mar development that promises a further 3,500 rooms. We cant over-saturate the market, said Mr Markanto-n is. H e said that Atlantis, which has not had any lay-offs since 2008, continues to focus on cost-cutting initiatives and energy conservation. Its an ongoing process for u s, he said We have a wonderful and positive workforce t hat cooperates constantly as w e focus on utility costs, operating hours and so on and so forth. Mr Markantonis said A tlantis was expecting a bett er year oin 2011 and will budget as such. Stall The Government was this week forced to stall its planned House of Assembly d ebate while awaiting word o n the status of Baha Mars o utstanding ScotiaBank loan. Prime Minister, Hubert Ingraham held a candid pressc onference on Wednesday, where he revealed that hep ostponed a planned debate i n the House of Assembly o ver Baha Mars proposed 8,000 Chinese work force until the development completes i ts outstanding $200 million loan negotiations. The development will only receive the$ 2.45 billion loan commitment f rom the China ExportImport Bank, when its Sco tiaBank commitment has b een settled. Mr Ingraham also said that in 1997, the Governments igned a deal with Kerzner International that prohibits it from giving any other devel oper a better deal. That posi t ion was strengthened in 2003 by a clause negotiated during Atlantis Phase III development. The Bahamas govern ment committed itself in the a greement with Kerzner International that no one will get a better deal for a devel o pment than they got. That was in 1997. In 2003, that was strengthened by the Government when they did the Phase Three. That is called the Most Favoured Nation clause, said Mr Ingraham. If, therefore, the Bahamas government agrees to 5,000 Chinese workers building the resort on Cable Beach, at some subsequent time in the Bahamas, Kerzner will have the entitlement to come and ask for the same deal, and the Government will be bound to give him the same deal. So these are all matters that need to be considered up front. Kerzner: No Phase IV till Baha Mar end FROM page1B Baha Mar pledges start in a few short months MAJOR PLAN: The original rendering of the Baha Mar development.
t hem. LDV Ltd and Mr Hayward would have been allowed to keep La Dolce Vita and the Pub at Port Lucaya, with a commitment to invest $250,000 to complete the latters renovation, but the deal stalled, partly because the Port Group wanted an upf ront cash payment, it is understood. Mr Hayward, who said he had injected $1 million into the businesses over the past three years, told Tribune Business that despite the eviction he remained confident in Freeport and the Bahamas, and wanted to continue in business in this nation. Im a great believer in Freeport, Grand Bahama and this country, and I would certainly like to carry on doing business, but not in the present environment, he told this newspaper. I am here, Im Bahamian and I love it here. My grandfather came here in 1955 with Wallace Groves, and Im not running away. All my children are Bahamian. This is home. Mr Hayward said the root of the dispute between himself and Port Group Ltd was an alleged unfair rental increase between 2004-2007, when lease payments doubled without explanation. He added that he had been trying to renegotiate the rental payments, and was prepared to pay a fair rent, but without success. When we opened the Pussers Pub and Company Store in Port Lucaya Market place during March 1988, we were the anchor tenant, largest employer and, up until now, the longest serving tenant, Mr Hayward said in a statement. We have had a good long run, and history will speak for itself. The past three years has been a struggle, even though I recently injected in excess of $1 million into the business. My family will not continue to back me financially, and at this point, I have to consider them and acknowledge that they have also been negative ly impacted with all that has transpired over these past few y ears. I am confident that things will improve in Freeport I took a risk and opened the East restaurant in May 2008, as I firmly believed that theres a niche for the cuisine we offered. At this time, how ever, I cannot afford to con tinue to throw good money after bad. After making every reasonable effort to do so, I have been unsuccessful in bringing the rental issue with the landlord and the powers that be to a satisfactory con clusion. As you know, we are and have been at a stale-mat ed position for far too long now. Challeng ing It has been an extremely challenging time, and in a situation where the deck of cards is stacked against you, we find ourselves in a loselose situation the staff, the creditors and me, said Mr Hayward. This is a very sad day for us all. Hopefully, the Port Group Ltd will be able to find a new tenant who can afford the exorbitant rent. I wish them well. In a brief statement last night, Port Group Ltd said: Based on a Supreme Court Order, dated 22 June 2010, issued by Justice Estelle GrayEvans, LDV Ltd was required to deliver up possession of all of its buildings in the Port Lucaya Marketplace, namely East Restaurant, Pusser's and La Dolce Vita, on or before 30 September, 2010. In compliance with the Order, the premises were vacated today. All existing and future debts, obligations, and liabili ties, whatsoever, remain the sole and full responsibility of LDV Limited and its principal(s C M Y K C M Y K BUSINESS PAGE 4B, FRIDAY, OCTOBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 0XOWLQDWLRQDO&RPSDQ\ LV ORRNLQJIRU 7DOHQWHG&DQGLGDWHV ZKRVHHN ([FHSWLRQDO&DUHHU'HYHORSPHQW75$,1((*5$0 FROM page 1B 78 jobs lost as Sir Jack evicts son supposedly behind a purported "sham audit designed to wipe out" their $5 million personal investment and equity position, hedge fund Plain field Asset Management said in a statement sent to Tribune Business: Mr. Stein's latest allegations are just outright lies, which is what we have come to expect from him. In the latest round of the protracted battle for control at the 375-acre southwest New Providence South Ocean project, Mr Stein and RHS Ventures are urging the New York State Supreme Court to overturn the arbitration award that removes them as general partner, and installs Plainfield Asset Management in their place, on the grounds that new evidence has come to light since the August 5 hearing on the issue. In their motion and supporting affidavits, Mr Stein and RHS Ventures are alleging that Plainfield falsely informed them that a Nev Harizman, who purportedly ordered the audit at the heart of the dispute, would be unable to testify during the American Arbitration Association hearing, even though he was in the US. Expressing concerns about the conduct of Mr Stein, and a private investigator hired by him, Rob Seiden, the hedge fund said of the claim: Mr Harizman was made available to testify byt elephone, but Stein's lawyers decided not to do so. As for Mr Steins claims that another former Plainfield employee, who was RHS Ventures' main contact point in their South Ocean dealings, was "coerced" into signing a 'false affidavit' claiming that Mr Stein 'misappropriated' partnership funds because the hedge fund was threat ening to withdraw his severance pay and healthi nsurance benefits, the hedge fund again said this was simply not true. It added: No one coerced Mr Reehl, who was represented by his own lawyer, to sign a sworn affidavit or testify. Stein's lawyers had ample opportunity to cross examine Mr Reehl during the arbitration, and are raising these issues now to obtain yet another delay." An affidavit from the attorneys for Mr Stein and RHS Ventures, which was filed in the New York courts in the past week, alleged that they had wanted to examine Harizman during the arbitration hearing on several issues, including what was purported to be a Plainfield conspiracy to remove the general partner. They alleged that Harizman's e-mails showed "he was attempting to bring other developers into the partnership to take over for Stein without Stein's knowledge", and that Plainfield was attempting to take complete control over South O cean. Mr Stein's attorneys also alleged that Plainfield a nalysed the benefits of removing him as general partner in a memo produced eight days before the September 15, 2008, audit was called for, and that the hedge fund had held discussions on the issue seven weeks before that date. "He [Harizman] was also at the centre of efforts to negotiate with a third-party lender the r estructuring of the entire real estate property at issue in the partnership to the exclusion of RHS V entures which was, at the time, still general partner," Mr Stein alleged. "In fact, weeks before Harizman even ordered the audit, he wrote numerous e-mails to other individuals within Plainfield Asset Management discussing the removal of respondents as general partner, as well as taking over the entire devel o pment from respondents." There were also allegations that Plainfield and Mr Harizman discussed the restructuring of the South Ocean with the third player in the resort project, the Canadian Commercial Workers Industry Pension Plan (CCWIPP recent times has been unsuccessfully trying to foreclose on the property, claiming there has been a default in repaying the $102 million owed to it. And Mr Stein also alleged that a former Plain field managing director Eric Reehl, had told him on August 13, 2010, that he signed an important affidavit "under significant duress and coercion" from the hedge fund, which had purportedly threatened to withhold his health insurance benefits and severance pay. Mr Stein alleged that the Reehl affidavit was a key factor in the arbitration hearings, and relied on heavily by the panel in its decision, as it was used by Plainfield to back up allegations that RHS Ventures had "misappropriated and con verted for personal use funds intended to be used in furtherance" of the South Ocean project. Desperate men do desperate things FROM page 1B R OGER STEIN that typically sustained the resort, and drove total room nights more than leisure bookings, declined drastically over the past two years, but c ould stage a return in 2012. We are seeing a lot of groups in smaller numbers, he said. In general, groups who visit are normally going to be incentive groups, while corporate business meetings have been largely curtailed. M r Markantonis added that the R eef, Atlantis condo-tel, had shown the greatest increase in occupancy this year, while its high-end One and O nly Ocean Club and Harbourside timeshare units have remained suc-c essful throughout 2010. He said the resorts multi-million d ollar marketing campaign, in conjunction with the public/private Companion airfare promotion, have driven significant business for Atlantis this year. T he hotel, for the first time, did not close its Beach Tower for the typically slower August and September months. In our case, the fall season is g oing ahead slightly better than last year, said Mr Markantonis. We didnt want to create the self-fulfilling prophecy [of the slow fall season by closing the tower]. There is b usiness out there, its just to find it. Occupancy According to him, Atlantis at year-end will finish on occupancy several points above what was achieved the year before. T here are signs that the hospitality industry is picking up in the US, a nd there is encouragement for Atlantis that next year will outpace 2 010, Mr Markantonis suggested. Next year is considerably ahead o f what it was at the same time last year for this year, he said. T he resort has also been working on some major sports tourism initiatives that are expected to be revealed within the next two months. Mr Markantonis said this niche t ourism product could have an initial 10-year life. He said the resort will also continue to capitalise on its A-list concert series that helps to drive room b ookings and some revenues through ticket sales. We have a very solid core of Bahamian fans, said Mr Markan-t onis. Naturally the audience changes d epending on the concert, but we do not really make money from concert attendance as much as from people who fly in and book a hotel room to enjoy the concert or play i n our casino. We have been very pleased with the success of the programme, and delighted to add another element of entertainment for the local popul ace. PI timeshare 97% sold-out FROM page 1B
DAVE CARPENTER, AP Business Writer When you open your quarterly financial statements in the next few weeks, you might be both pleased and puzzled. Despite the economic doldrums, the stock market put together a sizzling 11 percent return over the past three months, including its best September since 1939. For a time Thursday, the Dow Jones industrial average for a time appeared headed for 11,000. But the gains are deceptive, market analysts say. While news about the economy has improved, there's no reason to believe it's roaring back. And the big advance was driven by a relatively small number of traders playing with a lot of money. "I think a lot of this is just misguided optimism," says Rob Arnott, chairman of Research Affiliates, an investment firm in Newport Beach, Calif. "The headwinds we face are pretty daunting." In other words, few are calling it the beginning of the next bull market not with unemployment still near 10 percent and stocks bound in what market technicians call a trading range. Still, the gains were impressive. In September alone, the Standard & Poor's 500 index rose 9 percent, the Dow almost8 percent and the Nasdaq composite index more than 12 percent. Every sector of the market was up. September is usually the market's worst month. This time, it was the third-best month of any kind in 10 years, narrowly trailing only March 2003 and April 2009, when stocks were bouncing back from meltdowns. So why the rally? Economic n ews, while not great, was at least enough to dispel fears of a so-called double-dip recession. The Federal Reserve indicated it was closer to taking new action to help the economic recovery along. And investors started looking past the November midterm elections and concluding that likely Republican pickups in C ongress mean that tax increases are less likely. The quarter got off to an inauspicious start. On the very first day of July, stocks dipped to what remains their low point of 2010: 1,011 for the S&P 500 index and 9,596 for the Dow in intraday trading. A fter rebounding to finish July up 7 percent, the market limped through August. The S&P 500 fell nearly 5 percent, and the major indexes wiped out any gains for the year. Besides the tough job market, home sales were miserable and Americans were b eing cautious with their spending. C M Y K C M Y K INTERNATIONAL BUSINESS T HE TRIBUNE FRIDAY, OCTOBER 1, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM PARIS S ongwriters and composers will get paid when their videos are seen on YouTube in France, under a deal announced Thursday by the online video sharing site and France's leading music industry group, according to Associated Press The industry group SACEM called the deal difficult to reach but innovative, and a victory in its efforts to protect copyright and make money online. YouTube's owner, Google Inc., has faced lawsuits in France over use of copyrighted content online, and criticism from the entertainment industry and the French government. The agreement means songwriters, composers and music publishers "will be paid for the distribution of their works on YouTube," according to a statement by YouTube and industry group SACEM. The statement did not say how they would be paid, or how much. The deal affects any music managed by SACEM, a group that has 132,000 members and copyright to more than 40 million musical works. The deal will be in effect through 2012. The deal also covers "Anglo-American repertoires from multin ational publishers" broadcast in France. The statement did not elaborate. "This deal shows again SACEM's will to favor legal use of works on the Internet, in particular on video sharing sites," SACEM President Bernard Miyet said. Google has sought to improve relations in France, and CEO Eric Schmidt promised at a meeting last month with President Nicolas Sarkozy to invest more in France. "The deal represents another milestone in the transformation of Y ouTube from an anarchic presence on the Internet before its acquisition by Google to a more mainstream public source for video content," said Bruce Sunstein, of law firm Sunstein Kann Murphy and Timbers in Boston. "It is inevitable that if YouTube seeks to become a universal source for video content ... YouTube must make deals with the owners of copyright in that content," he said. The announcement comes a few weeks after a German court ruled that YouTube must pay compensation after users uploaded several videos of p erformances by singer Sarah Brightman in violation of copyright laws. KATHY MATHESON, A ssociated Press Writer P HILADELPHIA Novartis Pharmaceuticals Corp. will plead guilty to charges it marketed an epilepsy medicine for unapproved uses andp ay $422.5 million in civil and criminal penalties, federal offic ials announced Thursday. The company agreed to pay a criminal fine and forfeiture totaling $185 million for the off-label promotion of Trileptal,U .S. Attorney Zane Memeger said at news conference in Philadelphia. Novartis will also pay $237.5 million to resolve civil liabilities o ver off-label marketing of Trileptal and for paying kickbacks to doctors in an effort to get them to prescribe that and five other drugs. ( AP Photo /Richard Drew) UPSWING: Traders gather at a post on the floor of the New York Stock Exchange Thursday, Sept. 30, 2010. Despite the economic doldrums,t he stock market put together an 11 percent upswing over the past three months. The increase came largely from a September gaint hat was the biggest since 1939 and made for the second-best month, period, in a decade. Stocks sizzled in third quarter, but will it last? French music industry reaches deal with YouTube INTERNATIONAL BUSINESS Novartis fined $422.5M in marketing, kickback case
MARYCLAIRE DALE, Associated Press Writer PHILADELPHIA A judge quietly approved the bankruptcy sale of Philadelphia's two largest newspapers to creditors on Thursday, nearly closing a bitter and often chaotic 20-month battle for control of the company, according to AssociatedPress. The sale of The Philadelphia Inquirer and Philadelphia Daily News is valued at about $139 million, including $105 million cash and the iconic newspaper building. The senior lenders are essentially paying themselves. All of the approximately 30 banks and h edge funds holding the company's secured debt will now retain ownership stakes, including the hedge fund Angelo Gordon and Citizens Bank. Creditors plan to close the sale by Oct. 8. They could close sooner if they can negotiate contract terms with holdout drivers, who derailed the scheduled sale last month. "We look forward to operating the company out of bankruptcy, revitalizing the Inquirer and Daily News, and building the most successful regional portal in the country," said incoming Publisher Greg O sberg, referencing the company's Philly.com website. The confirmation hearing had an air of anticlimax, and exhaustion, after months of high-stakes legal maneuvering and two auctions to determine the next owner. Creditors won them both, outbidding 93-yearold business mogul Raymond Perelman and others. Perelman helped push the bidding past $100 million cash both in April and, when that deal fell through, in the second auction on Sept. 23. But the philanthropic city booster said he could not rationally pay more for the newspaper company, given the industry uncertainty. A group of local investors led by public relations executive Brian Tierney and luxury homebuilder Bruce Toll had borrowed heavily to finance their $515 million purchase of the company in 2006. They filed for bankruptcy three years later. Months of emotionally charged showdowns with creditors ensued, as the two sides battled over auction rules, union support, Tierney's "Keep it Local" campaign and slights real and perceived. But the creditors outlasted the challenges. And the alwayscolorful Tierney has moved on, spending much of the past few months in Europe, working on his next venture. The creditors have dubbed their company Philadelphia Media Network, and plan to cut costs by 13 percent across the board. Newsroom employees have agreed to 6 percent pay cuts that include two-week furloughs, but will be spared layoffs for at least a year. Osberg hopes to re-energize the website and better coordinate print and online opera tions. The Philly.com site is currently run by about 20 people who work in a different building. That setup will end, he said. C M Y K C M Y K INTERNATIONAL BUSINESS PAGE 6B, FRIDAY, OCTOBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.261.00AML Foods Limited1.011.010.000.2500.0404.03.96% 1 0.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6 .184.50Bank of Bahamas4.904.900.000.5980.2608.25.31% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3 .493.15Bahamas Waste3.153.150.000.1680.09018.82.86% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.7710.770.001.2120.3108.92.88% 2.842.50Colina Holdings2.502.500.001000.7810.0403.21.60%7 .005.40Commonwealth Bank (S1)6.606.600.000.4220.23015.63.48% 3 .651.63Consolidated Water BDRs1.901.89-0.010.1110.05217.02.75% 2.551.60Doctor's Hospital1.901.900.000.1990.1109.55.79% 6 .995.94Famguard6.076.070.00-0.0030.240N/M3.95% 1 0.208.50Finco8.508.500.000.2870.52029.66.12% 11.408.77FirstCaribbean Bank9.749.740.000.6450.35015.13.59% 5.513.75Focol (S)5.465.460.000.3660.17014.93.11% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 10.509.92J. S. Johnson9.929.920.000.8830.64011.26.45%1 0.0010.00Premier Real Estate10.0010.000.000.3550.80028.28.00% 5 2wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 9 9.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.001 00.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029T HURSDAY, 30 SEPTEMBER 2010BISX ALL SHARE INDEX: CLOSE 1,516.77 | CHG -0.01 | %CHG 0.00 | YTD -48.61 | YTD % -3.11BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 1 9 October 2017 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)2 9 May 2015 W W W.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 P rime + 1.75% Prime + 1.75% 6.95%BISX LISTED & TRADED SECURITIES AS OF:7 % Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas Supermarkets5.016.0114.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.49041.4005CFAL Bond Fund1.49043.59%6.42%1.475244 2.92652.8266CFAL MSI Preferred Fund2.91150.85%0.23%2.926483 1.55461.4905CFAL Money Market Fund1.55463.18%4.30%1.533976 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.42860.46%2.40% 109.3929101.6693CFAL Global Bond Fund109.39295.20%7.60%107.570620 105.779593.1998CFAL Global Equity Fund100.1833-1.52%3.56%105.779543 1.12231.0000FG Financial Preferred Income Fund1.12723.43%5.28% 1.09171.0000FG Financial Growth Fund1.09482.51%6.10% 1.11981.0000FG Financial Diversified Fund1.12753.37%5.64% 9.59559.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.59552.71%5.96% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.3734-3.69%3.38% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.1708-8.29%-8.29% 7.96644.8105Royal Fidelity Int'l Fund Equities Sub Fund7.5827-1.74%11.58% 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-Jul-10 31-Aug-10 103.987340 101.725415 30-Jun-10 31-Aug-10 NAV 6MTH 1.452500 2.906205 1.518097TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-10 30-Jun-10 31-Aug-10 17-Sep-10 31-Aug-10MARKET TERMS31-Aug-10 31-Aug-10CFAL Securities Ltd. (Over-The-Counter Securities)31-Aug-10BISX Listed Mutual FundsNAV Date 31-Jul-10 31-Aug-10 :,6/(7%(/,=$,5(RI)ODW 6KRDOV5G&RQ\HUV*D 52%,1&$'(7RI%(7+(/$9(18( $1'$/%$7526652$'3%2;1$66$8 %$+$0$6 $JXD,QYHVWPHQW)XQG/WG 1RWLFHLVKHUHE\JLYHQLQDFFRUGDQFHZLWK6HFWLRQ RIWKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV RIWKH'LVVROXWLRQRI $JXD,QYHVWPHQW)XQG %f KDVEHHQFRPSOHWHG&HUWLFDWH RI'LVVROXWLRQKDVEHHQLVVXHGDQGWKH&RPSDQ\KDV WKHUHIRUHEHHQVWUXFNRIWKH5HJLVWHURIFRPSDQLHV7KH GDWHRIFRPSOHWLRQRIWKHGLVVROXWLRQZDVWKH VW GD\RI $OUHQDR[H\ /LTXLGDWRU NEW YORK Corn prices slumped Thursday after a new government report said inventories were higher than expected, which caught traders by surprise, according to Associated Press Corn prices lost 9.75 cents t o settle at $4.9575 a bushel. The movement also dragged down wheat but soybeans rose on higher export sales. The Agriculture Department said corn stocks totaled 1.71 billion bushels as of Sept. 1 on farms, and at mills, warehouses, elevat ors and similar places. Most analysts had predicted the stocks would be about 1.407 billion bushels, PFGBest grains analyst Tim Hannagan said. The report caught many traders off-guard because it means more inventory than t hey had expected was on hand as the harvest was just beginning at the start of September, Hannagan said. Corn prices have rallied to two-year highs in recent weeks because of strong export demand and expec-t ations that the U.S. crop will fall short of a record year for yields. Wheat for December delivery fell 9.5 cents to set tle at $6.74 a bushel and November soybeans added 7.75 cents to $11.0675 a bushel as the agriculturala gency reported strong net export sales in the past week. In other trading, most energy prices rose on upbeat economic news that bolstered expectations for improving demand. The government said f irst-time claims for jobless benefits declined last week. It also raised its secondquarter estimate on gross domestic product to 1.7 percent from 1.6 percent. In addition, an improvement was recorded in Chicago regional manufacturing activity. Benchmark oil for November delivery gained $2.11 to settle at $79.97 a barrel on the New York Mercantile Exchange. In other Nymex trading in October contracts, heating oil rose 5.35 cents to set tle at $2.2440 a gallon and gasoline added 4.93 cents to $2.0448 a gallon. November natural gas lost 9 cents to settle at $3.872 per 1,000 cubic feet after the government said stockpiles rose. Gold and other metals fell as the dollar grew stronger. Since commodities are priced in dollars, a stronger dollar makes them more expensive for foreign buyers. In December con tracts, gold for December delivery dipped 70 cents to settle at $1,309.60 an ounce; silver fell 13.1 cents to $21.821 an ounce and cop per lost 1 cent to $3.6515 a pound. October palladium added $3.95 to settle at $571.25 an ounce and October platinum gained $2.60 to $1,652.00 a pound. Judge OKs $139M court sale of Philly newspapers MAKINGTHENEWS: In this photograph taken April 28, 2010, Dave Sexton sells newspapers outside the Philadelphia Inquirera nd Philadelphia Daily News building, left, in Philadelphia.. M a t t R o u r k e / A P P h o t o INTERNATIONAL BUSINESS Corn prices slump on surprise inventory total
N EW YORK P ositive news Thursday on U.S. jobs and manufacturing helped pull the dol-l ar off its latest five-month low against the euro, according to Assoicated Press W hile Europe's debt troubles are once again a worris ome issue, the euro has risen strongly against the dollar this month becausei nvestors expect that the Federal Reserve might take further action to boost the U .S. economy, which would also lead to lower interest r ates and possibly weaken the dollar. On Thursday morning, h owever, a U.S. government release suggested that employers are slowing job c uts, while a strong report on manufacturing in the C hicago area reassured investors who expected a slowdown in the industrials ector. That helped boost the dollar. Investors hoped that b etter news on the economy could limit the Fed's need to support the economy further by buying upl arge amounts of government debt, said Ashraf Laidi, chief market strategist at CMC Markets in London. I n late afternoon trading in New York Thursday, the e uro traded at $1.3643, unchanged rom its value lateW ednesday. Earlier in the day, the euro notched a five-monthh igh at $1.3683. T he euro had gained d espite a big increase in Ire l and's bailout of its troubled banking system and a downg rade of Spanish govern m ent debt by Moody's Investor Services. T he European currency h as risen about 7 percent versus the dollar this month, a n usually large swing. The British pound d ropped to $1.5716 from $ 1.5795, while the dollar fell to 83.40 Japanese yen from 83.62 yen. The dollar is not far off its 15-year low of 82.88 yen s truck earlier this month, just before the Bank of Japan intervened in foreigne xchange markets to weaken the yen. In other trading Thursday, the dollar dropped to 1.0279 Canadian dollars from 1.0305 Canadian dollars, but rose to 0.9816 Swiss francs from 0.9768 Swiss francs. C M Y K C M Y K INTERNATIONAL BUSINESS PAGE 8B, FRIDAY, OCTOBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ANDROS CAT ISLAND ELEUTHERA MAYAGUANA SAN SALVADOR GREAT INAGUA GREAT EXUMA CROOKED ISLAND / ACKLINS LONG ISLAND ABACO Shown is today's weather. Temperatures are today's highs and tonights's lows. K EY WEST WEST PALM BEACH FT. LAUDERDALE TAMPA ORLANDOLow: 69F/21C L ow: 71F/22C Low: 73F/23C Low: 77F/25C Low: 74F/23C Low: 76F/24C Low: 77F/25C Low: 72F/22C H igh: 89F/32C High: 89F/32C High: 86F/30C H igh: 87F/31C H igh: 88F/31C High: 88F/31C H igh: 90F/32C Low: 74F/23C High: 89F/32C Low: 78F/26C High: 91F/33CRAGGED ISLANDL ow: 80F/27C High: 88F/31C Low: 82F/28C High: 90F/32C Low: 77F/25C High: 89F/32C Low: 80F/27C H igh: 90F/32C L ow: 82F/28C High: 91F/33C L ow: 81F/27C High: 89F/32C L ow: 79F/26C High: 88F/31C Low: 82F/28C High: 90F/32C Low: 76F/24C High: 92F/33C High: 88F/31CFREEPORT NASSAU MIAMI THE WEATHER REPORT 5-DAYFORECASTMostly cloudy with a thunderstorm Partly cloudy with a passing shower Partly sunny with a thunderstorm Mostly cloudy, t-storms possible Mostly cloudy, t-storms possible High:9 Low:77High:8 High:8 High:8 AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeelMostly cloudy, t-storms possible High:89Low:79Low:78Low:81 AccuWeather RealFeel 97F The exclusive AccuWeather RealFeel Temperatureis an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and elevation on the human bodyeverything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day. 8 F 9 9-82F 9 6-82F 9 6-83F 102-85F Low:80T ODAYTONIGHTSATURDAYSUNDAYMONDAYTUESDAY ALMANACHigh ..................................................88F/31C Low ....................................................79F/26C Normal high ......................................86F/30C Normal low ........................................74F/23C Last year's high ..................................88F/31C Last year's low ..................................77F/25C As of 2 p.m. yesterday ..................................2.87" Year to date ................................................29.83" N ormal year to date ....................................38.45" Statistics are for Nassau through 2 p.m. yesterday Temperature Precipitation SUNANDMOON TIDESFORNASSAU New FirstFull L ast Oct. 7Oct. 14Oct. 22Oct. 30Sunrise . . . 7:02 a.m. Sunset . . . 6:57 p.m. Moonrise . . 12:20 a.m. Moonset . . 2:19 p.m. Today Saturday Sunday Monday HighHt.(ft.LowHt.(ft. 12:42 a.m.2.56:50 a.m.1.0 1:22 p.m.3.17:57 p.m.1.2 1:50 a.m.2.68:00 a.m.0.9 2:28 p.m.3.29:00 p.m.0.9 2:58 a.m.2.89:11 a.m.0.7 3:31 p.m.3.39:58 p.m.0.7 4:02 a.m.3.110:16 a.m.0.6 4:29 p.m.3.410:51 p.m.0.3 Tuesday Wednesday T hursday 4:59 a.m.3.411:17 a.m.0.3 5:24 p.m.3.411:42 p.m.0.0 5:53 a.m.3.612:13 p.m.0.0 6:16 p.m.3.5----6 :45 a.m.3.812:31 a.m.-0.1 7:06 p.m.3.41:07 p.m.-0.1 MARINEFORECAST WINDSWAVESVISIBILITYWATER TEMPS. ABACO ANDROS CAT ISLAND CROOKED ISLAND ELEUTHERA FREEPORT GREAT EXUMA GREAT INAGUA LONG ISLAND MAYAGUANA NASSAU SAN SALVADOR RAGGED ISLAND Today:N at 4-8 Knots4-8 Feet10 Miles83F Saturday:ENE at 7-14 Knots3-6 Feet10 Miles82F Today:NW at 8-16 Knots1-3 Feet10 Miles83F Saturday:NNE at 6-12 Knots1-2 Feet10 Miles83F Today:SW at 6-12 Knots2-4 Feet4 Miles84F Saturday:SSE at 4-8 Knots2-4 Feet10 Miles83F Today:SW at 7-14 Knots2-4 Feet5 Miles84F Saturday:S at 8-16 Knots2-4 Feet5 Miles84F Today:WSW at 6-12 Knots3-5 Feet3 Miles83F Saturday:ENE at 4-8 Knots2-4 Feet10 Miles83F Today:NNW at 8-16 Knots1-3 Feet10 Miles83F Saturday:NE at 7-14 Knots1-3 Feet10 Miles83F Today:SW at 6-12 Knots1-2 Feet10 Miles83F Saturday:NNE at 4-8 Knots0-1 Feet3 Miles83F Today:SSW at 8-16 Knots2-4 Feet5 Miles84F Saturday:S at 10-20 Knots2-4 Feet4 Miles84F Today:SW at 8-16 Knots1-3 Feet4 Miles83F Saturday:S at 8-16 Knots1-3 Feet3 Miles83F Today:SSW at 7-14 Knots3-6 Feet5 Miles84F Saturday:S at 8-16 Knots3-6 Feet7 Miles84F Today:W at 6-12 Knots1-2 Feet10 Miles83F Saturday:NNE at 4-8 Knots0-1 Feet10 Miles83F Today:SW at 8-16 Knots1-3 Feet4 Miles84F Saturday:S at 8-16 Knots1-3 Feet10 Miles84F Today:SW at 6-12 Knots1-2 Feet3 Miles83F Saturday:ENE at 3-6 Knots1-2 Feet10 Miles83F UV INDEXTODAYT he higher the AccuWeather UV IndexTMn umber, the g reater the need for eye and skin protection.Forecasts and graphics provided by AccuWeather, Inc. AccuWeather.com NICOLE N I C O L E NICOLE Atlanta A t l a n t a Highs: 78F/26C H i g h s : 7 8 F / 2 6 C Kingston K i n g s t o n Highs: 83F/28C H i g h s : 8 3 F / 2 8 C Caracas C a r a c a s Highs: 91F/33C H i g h s : 9 1 F / 3 3 C Panama City P a n a m a C i t y Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Limon L i m o n Highs: 89F/32C H i g h s : 8 9 F / 3 2 C Managua Ma n a g u a Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Cozumel C o z u m e l Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Belize B e l i z e Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Charlotte C h a r l o t t e Highs: 77F/25C H i g h s : 7 7 F / 2 5 C Charleston C h a r l e s t o n Highs: 82F/28C H i g h s : 8 2 F / 2 8 C Savannah S a v a n n a h Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Pensacola P e n s a c o l a Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Daytona Beach D a y t o n a B e a c h Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Tampa T a m p a Highs: 89F/32C H i g h s : 8 9 F / 3 2 C Freeport F r e e p o r t Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Miami Mi a m i Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Nassau N a s s a u Highs: 90F/32C H i g h s : 9 0 F / 3 2 C Havana H a v a n a Highs: 89F/32C H i g h s : 8 9 F / 3 2 C Santiago de Cuba S a n t i a g o d e C u b a Highs: 85F/29C H i g h s : 8 5 F / 2 9 C San Juan S a n J u a n Highs: 89F/32C H i g h s : 8 9 F / 3 2 C Santa S a n t a Domingo D o m i n g o Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Trinidad T r i n i d a d Tobago T o b a g o Highs: 92F/33C H i g h s : 9 2 F / 3 3 C Port-au-Prince P o r t a u P r i n c e Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Cape Hatteras C a p e H a t t e r a s H ighs: 76F/24C H i g h s : 7 6 F / 2 4 C Aruba Curacao A r u b a C u r a c a o Highs: 91F/33C H i g h s : 9 1 F / 3 3 C Antigua A n t i g u a Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Barbados B a r b a d o s Highs: 87F/31C H i g h s : 8 7 F / 3 1 C Bermuda B e r m u d a Highs: 83F/28C H i g h s : 8 3 F / 2 8 C Atlanta Highs: 78F/26C Kingston Highs: 83F/28C Caracas Highs: 91F/33C Panama City Highs: 86F/30C Limon Highs: 89F/32C Managua Highs: 88F/31C Cozumel Highs: 88F/31C Belize Highs: 86F/30C C harlotte Highs: 77F/25C Charleston Highs: 82F/28C Savannah Highs: 85F/29C Pensacola Highs: 86F/30C Daytona Beach Highs: 86F/30C Tampa Highs: 89F/32C Freeport Highs: 88F/31C Miami Highs: 88F/31C Nassau Highs: 90F/32C Havana Highs: 89F/32C Santiago de Cuba Highs: 85F/29C San Juan Highs: 89F/32C Santa Domingo Highs: 86F/30C Trinidad Tobago Highs: 92F/33C Port-au-Prince Highs: 85F/29C Cape Hatteras Highs: 76F/24C Aruba Curacao Highs: 91F/33C Antigua Highs: 88F/31C Barbados Highs: 87F/31C Bermuda Highs: 83F/28C INSURANCEMANAGEMENTTRACKINGMAP Showers Warm Cold Stationary Rain T-storms Flurries Snow IceShown is today's weather. Temperatures are today's highs and t onight's lows. N S EW S E 7-14 knots N S EW N S 4-8 knots N S EW N S 8-16 knots N S EW S E 6-12 knots N S EW S E 6-12 knots N S EW S E 7-14 knots N S EW S E 8-16 knots N S EW S E 8-16 knots D o you know that your favourite teacher can WIN $1000! Forfurtherinformationyoumayemailusat:NDTA@fidelitybahamas.com Nominate them today for the Sir Gerald Cash National Distinguished Teachers Awards!Fill out a nomination form today available at: www.fidelitygroup.com/ndta Winners will receive: $1000 & will be inducted into the NDTA Hall of Fame! Presented by: Nominations close on October 15, 2010th Dollar rises from 5-month low following jobs report JOBHUNTING: Guadalupe Corral, 20, right, fills out a job application for a retail position with Guess by Marciano store, at the End of Summer Job Fair, a one day event co-hosted at Citadel Outlets in partnership with the City of Commerce on Thursday, Sept. 16, 2010, in Commerce, Calif. Applications for unemployment benefits fell for the third time in four weeks, and wholesale prices rose. The jobless rate is expected to remain above 9 percent well into next year. SHOWINGAPPLICATION: Tamara Tillman, left, and Lorena Garcia, right, fill applications for a sales associate position at the End of Summer Job Fair. D a m i a n D o v a r g a n e s / A P P h o t o A BOVE LEFT
By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org N EW DELHI, India On Thursday, half of Team Bahamas tennis players arrived to join the contingent of track and field competitors, cyclists and boxers waiting to represent our country at the XIX Commonwealth Games. While all of the track and field athletes with the exception of Donald Thomas (expected to arrive October 2) have settled in along with the two boxers and two of t hree cyclists (Mark H olowesko withdrew), coach L eo Rolle and female player N ikkita Fountain were the latest to arrive. They came into the games village yesterday along with assistant boxing coach Floyd Seymour from Washington D.C. and physiotherapist Cottrice RobertsRobinson from Grand Bahama. Chef de mission Roy Colebrooke, who arrived ahead of the team to ensure that everything was in order, said the Bahamas is looking pretty good. With me being a hotelier, with a new facility like this being opened, you will have some clean up challenges and that is exactly what it was, he said. There was no need to cry about anything. I think what needed to happen was everybody just needed to pull together and get the job done. That is exactly what happened when I got here with persons who were hired to do that job. Musgrove said he has been to many sporting events and these accommodations have surpassed most of them. So I dont know why there were so many complaints about the preparation of the games. During the Bahamas flag raising ceremony on Tuesday, Musgrove was highlighted in the local daily newspapers for the stance he took against those countries who cried shame on India. When we look at what the games stand, its about bringing the Commonwealth nations together and so if we run into this kind o f situation, I believe that i nstead of pointing fingers, we should bind together and help to ensure that these games in India be the best games for the Commonwealth, he said. Ive been to other games. Theyve had their challenges. There are no games that go on without their challenges. Sure India had some rain, but that was an act of God. But after the rain, they went ahead and put some measures in place to get the ground facilities in order and that is what they did. Musgrove said those persons who accused India of not being fully ready to host the games would probably want to take those words back now when they look at what has t ranspired in getting the facili ties ready. Tim Munnings, the deputy chef de mission, said he couldnt agree more with Colebrooke. My expectations when I first came here were a bit low because of what I seen reported in the press, but I was extremely pleased when I went into the rooms and saw the accommodations, Munnings said. The space was impressive, the bathrooms were very clean. Im sure they had to do a lot of cleaning up. But each room, the cafeteria, everywhere has air-condition, so all of the athletes are comfortable. The only struggle is the inconsistent Internet service, but the Internet goes off at home, so theyre working on it and were doing the best we can. We dont need the Internet to compete. This is really about the athletes, so were trying to ensure that they are as comfortable as they can be. While coach Rolle and Fountain made it in yesterday, Grand Bahamian tennisp layer Larikah Russell was due in by today. The male players Marvin Rolle, Devin Munnings and Rodney Carey Jr from Grand Bahama are scheduled to arrive before the opening on Sunday. F or Rolle, the trip for him and Fountain was long and tiring, especially considering the fact that they both arrived without their luggage. Anytime you are travel ling on this side of the world, y ou have to be prepared for a Junior sailors prepare for the Optimist National Championship FIFTY junior sailors from Long Island, Governors Har bour, Harbour Island, Abaco and Freeport and 30 from Nassau are expected to compete for the Bahamas Optimist National Open Champi onship 2010 October 2-3 in Montagu Bay. C M Y K C M Y K FRIDAY, OCTOBER 1, 2010 THETRIBUNE PAGE 11 P AGE 10 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Comets strike out Saints, 18-3 QUEENS College Comets senior girls went on the road and defeated the Kingsway Academy Saints, 18-3. The Bahamas Amateur Indepen d ent Secondary Schools (BAISS softball season got underway on Tuesday afternoon. On the mound for the Comets was three-sport star Alex Marshall, known for her prowess on the basketball court, who pitched a stellar game for the win. The Comets took control in the opening inning and never relin quished the lead en route to the lopsided win. The Comets moved to 1-0 on the season while the Saints fell to 0-1. S S O O F F T T B B A A L L L L LOPSIDED WIN: Senior girls on the softball field Tuesday. SEE more photos page 9 Everything seems to be quite in order at the Commonwealth Games... S ee page 9 P h o t o s b y K e r m i t T a y l o r THE XIX COMMONWEALTH GAMES NEW DELHI 2010 THE TRIBUNE SCOTTSDALE Vixens took the victory in three sets 25-9, 25-13 and 25-9 against Champions Club as New Providence Volleyball Association (NPVA continued Wednesday night at the D W Davis Gymnasium. Krystel Rolle led all scorers with 12 points in the win while Samantha Forbes fin ished with two points in a losing effort. The mens feature was another three-setter as the Technicians defeated the Saints 25-17, 26-24 and 2522. Derek Walkine finished with nine points for the win and Chauncey Cooper scored seven in the loss. Also last week Sunday, the Johnsons Lady Truckers beat the COB Lady Caribs 18-25, 25-8, 25-12 and 25-18. Davia Moss and Anastacia Sands-Moultrie led the Truckers with 12 and five points respectively in the win. In the losing effort, Diandra Sands scored 12 points, five of which were service aces. On the mens side, the Intruders improved their record to 2-0 by defeating DaBasement Crimestoppers 25-13, 22-25, 31-29, 24-26 and 16-14 who dropped to 0-2 early in the season. Prince and Arison Wilson led the charge with 27 and 18 points respectively to secure the win. Muller Petit and John Rolle both came up with 18 points in the loss. And on September 25, the Lady Techs needed four sets to defeat the Lady Caribs 25-17, 16-25, 25-16 and 2514. Sherry Whylly led the Techs and all scorers with 11 points for the win and Krystal Delancy scored eight for the Lady Caribs. In mens action, the Scotia Defenders disposed of the Youthful Saints 25-18, 2519 and 25-17. Shedrick Forbes and Jamaal Ferguson led all scorers with 16 and nine points respectively. Lorenzo Williams and Chauncey Cooper both scored six points for the Saints. V ixens beat Champs Club Technicians def eat Saints Team Bahamas settling in, looking pretty good S S E E E E p p a a g g e e 9 9 By RENALDO DORSETT Sports Reporter email@example.com PAIRED with two different crews over the course of the two-day competition, one half of the defending Snipe Nationals champion was able to reclaim the title in 2010. Robert Dunkley and crew Shaquille Dean/Michelle Hope finished well ahead of the competition in the final points standings of the Bahamas Sailing Associations (BSAs Nationals over the weekend in Montagu Bay. Dunkley and Dean posted a dominating day one when they captured first place fin ishes in all three races. On day two, Dunkley and Hope finished third in race three, fourth in race five, but rebounded to end the event on a winning note with a first place finish in the finale. The team finished with a final score of seven points overall. Jimme Lowe and Carmeron Symonette finished second overall with 13 points, Dwayne Wallis and Lee McCoy were third with 14 points, Fernando de Carde nas and Kim Pyfrom fourth with 17, Gavin McKinney and Donico Brown fifth with 18, Lori Lowe and Maria Aaboe sixth with 26 while Chris Sands and Adam Russell rounded out the field with 29 points. Seven boats contested the championship which has been in existence for more than 40 years. Dunkley won the 2009 nationals alongside crew BJ Burrows. The Snipe class features a 15 and-a-half foot, two-person, one-design racing dinghy. The boat is recognised by the International Sailing Federation (ISF Class and is sailed in 26 different countries worldwide. One of the most all-inclusive sailing classes, it is con tested by all persons of varying age, weight, or sex, with co-ed draws popular in inter national competition. Lori Lowe, fleet captain for the Snipe Class, was one of four sailors to represent the Bahamas in Snipe Class at the XXI Central American and Caribbean Games in Mayaguez, Puerto Rico. Along with crew Michael Holowesko, the team placed seventh with 36 points while Jimmie Lowe and crew Cameron Symonette was fifth with 29 points. Lowe said the Snipe class continues to be on the rise, due in large part to the BSA summer programme. The growth of the class has fluctuated over the years. There have been championships where we have seen as many Dunkley and crew win Snipe Nationals OPTIMIST OPEN: About 50 junior sailors from Long Island, Governors Harbour, Harbour Island, Abaco and Freeport and 30 from Nassau are expected to compete this weekend (October 2-3 the Bahamas Optimist National Open Championship 2010. S S E E E E p p a a g g e e 9 9
SAFE ARRIVAL: On Thursday, half of Team Bahamas tennis players arrived to join the contingent of track and field competitors, cyclists and boxers waiting to represent the Bahamas at the XIX Commonwealth Games in New Delhi, India. Above: Brent Stubbs, senior reporter at The Tribune (right By BRENT STUBBS NEW DELHI, India The XIX Commonwealth Games is set to start Sunday and, from the looks of things, everything seems to be quitein order. I must say that the organising committee has done a fantastic job, contrary to the negative media reports that came out of India over the last few weeks. On arrival here at the games village, I was pleasantly surprised to find the accommodations more than adequate for the athletes and officials. Let me take you back a bit. The news circulating from India was that too many countries and athletes were pulling out because of the shabby preparation with regard to getting the facilities ready. There was a report of the games village being uninhabitable and a bridge collapsing near the national stadium where the opening and closing ceremonies as well as the athletic (track and field going to take place. After taking a 13-plus hour trip from New York to New Delhi on Wednesday, when I arrived at the International Airport with physio-therapist Cottrice Roberts-Robinson from Grand Bahama, assistant boxing coach Floyd Seymour, tennis coach Leo Rolle and female player Nikkita Fountain, we were all greeted with a host of local personnel, who were eager to usher us through the immigration check. We were escorted to a waiting area where we had light refreshments as they checked our accreditation and then once we got our bags (those that arrived were whisked off on a one-hour bus ride to the games village. On the way, we passed through the busy thoroughfares with the police escort on the designated Commonwealth Games lanes and we made our way to the games village where we were properly accredited. There, we met assistant chef de mission Tim Munnings and eventually chef de mission Roy Colebrooke, who both gave us a brief tour as we proceeded to the dormitories for the Bahamas. I have to agree with both Munnings and Colebrooke, having travelled to numerous Commonwealth and Olympic Games, the facilities here are sec-ond to none. And Colebrooke was quoted in yesterdays newspapers in New Delhi that all those who have been complaining should have been lending a hand to ensure that the games are up to standard. There are a few minor hitches, the main one being the Internet facilities on each floor, but for the most part, everything appears to be in order for what should turn out to be a fantastic game. Once we viewed a portion of the facilities where the Bahamian team will reside for the next three weeks, we headed to the cafeteria where there were a variety of foods and salads to choose from western, African, Asian, Indian, Tandori, pizza, vegetarian, desserts and drinks. The good thing is the facility is open 24 hours so you can go back as many times as you want. In the cafeteria, we met the remainder of the Bahamian contingent, mainly the track and field squad, whom had settled in from Monday and they were all in high spirits. Looking around at the facilities, there wasnt any shortage of anything for the athletes to immerse themselves into. There was a web caf, laundry area, entertainment center, game room, you name it and they have it. Like one of the athletes said: Theres no need to leave the games village for anything. Adjacent to the village is a stateof-the-art sporting facility that includes track and field, a weight room and swimming complex, and facilities for wrestling and para-athletes. As an athlete, competing at these games should be a treat. Just so sorry that so many of the big name athletes decided to skip the long trek here, either because of injuries or they were burnt out from the long season. The good news is that there are still a lot of athletes here, although the exact list of entries has not yet been released, so this should be an event of uncertainty, where the athletes being best prepared at this time should be able to rise to the top. The games have taken a bashing even before they get underway. But the preparations have not been as bad as indicated. I just think that with the way the organising committee has pulled these games together, they will go on as one to remember for years to come. October 3-14, India will be on display as they host the games (held every four years) for the first time. So far, from what Ive seen, theyre on their way to make this an exciting one for all to see and take part. C M Y K C M Y K LOCAL SPORTS TRIBUNE SPORTS FRIDAY, OCTOBER 1, 2010, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM QC senior girls blow out Kingsway Academy LOPSIDED WIN: Senior girls on the softball field Tuesday as the BAISS softball season got underway Tuesday afternoon. The Comets won 18-3. P h o t o s b y K e r m i t T a y l o r Team Bahamas settling in, looking pretty good lot of physical wear and tear, especially after taking the 13-hour flight, Rolle stressed. But Nikkita is holding up pretty good. We also expect Larikah to be here today and the guys will be com ing in on Friday. I would have liked to see them here earlier so they can get acclimatized to the conditions, but thats a part of life. Rolles son, Marvin, is coming from California where he was com peting in a tournament while Munnings and Carey, are both com ing from Florida. All three were wait ing on their Indian visas to travel. Floyd Seymour will join his cousin, national coach Andre Seymour, as they work in the corners of Valentino Knowles and Carl Hield in the boxing arena. This is the first time that (Floyd chance to work with the national team. And he is beaming with excitement. I couldnt wait to get here to work with the Bahamian boxers and the rest of the team, said Seymour, a physical trainer and boxing coach in Washington where he resides. So Im excited. For the past several years, I have been working with the American amateur boxers, including some of whom competed at the 2008 Olympic Games. I always got the question: Floyd, when are you going to work with the Bahamian team? I said I was always here. I never left. So when Andre called me and told me he got to work with him, I was just thrilled. Its an awesome feeling to be working with my peo ple. Mark Holowesko reportedly has an illness in his family and he sent an e-mail to the Bahamas Olympic Committee, informing them that he regrettably wont be able to travel and compete. He sent his apologies and expressed his disappointment that he cant come. He said he really wanted to compete, said Musgrove, indicating the contents of Holoweskos message to the rest of the team. Dunkley and crew win Snipe Nationals as 15 boats and as little as five but its popularity is on the rise again," Lowe said. We expect four junior boats to sail with us as a part of the fleet. One of the main reasons the popularity of the class continues to increase is because of the impact the BSA summer programme has had in attracting new talent with the younger kids in schools." The BSA hosted the fifth edition of its Summer Sailing Programme at the Nassau Yacht Club which is aimed at targeting beginners of the sport. It featured scores of students between the ages of eight and 15 (boys and girls from public and private schools throughout the coun try) interested in learning to sail or competitive sailing. Many of them have gone on to represent the Bahamas at the international level. Sailing camps were also held in Harbour Island and Long Island where more students were able to take advantage of the programme. Some of the programmes alumni who have gone on to achieve national and interna tional success include Danny de Cardenas, two-time Opti mist Nationals winner and defending champion, and Donico Brown, who represented the Bahamas at last years World Championships in Brazil. A host of other young sailors have gone on to compete in international compe tition, including Christopher Sands, Michael Holowesko, Michael Gibson and Brent Burrows Jr, along with Long Island's Torrington Cartwright who represented the Bahamas at the 2009 International Junior Sunfish Nationals. F F R R O O M M p p a a g g e e 1 1 1 1 F F R R O O M M p p a a g g e e 1 1 1 1 Everything seems to be quite in order at 2010 XIX Commonwealth Games OPINION STUBBS