N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Volume: 107 No.210MONDAY, AUGUST 8, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER PARTLY SUNNY HIGH 92F LOW 80F B y TANEKA THOMPSON Deputy Chief Reporter email@example.com A STRONG"voters' block" made up of naturalised citizens is one reason succes s ive governments have not taken a strong stance against the illegal immigration dilemm a, said Opposition Leader Perry Christie yesterday. The Progressive Liberal Party chief said when his par t y assumed office in 2002, it found an immigration policy in place that mandated thatany immigrant who came to t he Bahamas before 1985 would be afforded status but after 1985 government would b e able to use its discretion on whether or not to regularise them. He said the PLPl eft this policy in place despite c alls from the Haitian gov ernment to adjust this policy. However, this policy has influenced subsequent immigration policy, he said. "We have to recognise the p itfall of this in the execution of the policy. Once governments become frightened of TRY OUR McFLURRY SNICKERS The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM A CONVERSATIONWITH W W R R I I T T E E R R G G E E O O R R G G E E L L A A M M M M I I N N G G TRACKANDFIELD T T R R I I O O A A R R E E O O N N T T R R A A C C K K SEEINSIGHTPAGE12B SEESPORTSSECTIONE Govts fear Haitians who can now vote PLPleader says voters block of naturalised citizens preventing strong illegal immigration stance PROGRESSIVE Liberal Party Leader Perry Christie may sue a down market tabloid over published reports that linked him to convicted drug dealer, the murdered Teron Fowler, and painted his marriage in a negative light. Responding to a question on the reports while a guest on a radio talk show yesterday, Mr Christie labelled the reports that SEE page eight CHRISTIE MAY SUE TABLOID OVER REPORTS SEE page eight PLPLEADER Perry Christie By NATARIO McKENZIE Tribune Staff Reporter firstname.lastname@example.org POLICE are trying to determine the motives behind two separate murders that occurred less than two hours apart Friday night pushing the countrys murder count for the year to 87. Police Superintendent Stephen Dean told The Tribune yesterday: We are still actively investigating those matters to determine the motives and we are questioning persons in the area. The identities to the countrys latest murder victims are expected to be released today. The first homicide occurred shortly after 8 pm Friday at the rear of a residence located on Rock Crusher Road. Initial reports indicate that a group of men were playing a game of dominos, when they were approached by a gunman who opened fire on them. One of the men died from his injuries while the oth er was detained in hospital. The second homicide occurred shortly before 10 pm on Friday at Alexandria Boulevard in Nassau Village. Reports state that a man was standing in front of a building on Alexandria Boulevard, when he was approached by a gunman, who fatally shot him several times. Emergency medical services personnel pronounced the vicim dead at POLICE INVESTIGATE LATEST MURDERS TEARS at the scene of the murder on Rock Crusher Road on Friday. One man died and another was taken to hospital after the shooting. Shortly afterwards there was another murder in Nassau Village. Tim Clarke /Tribune staff SEE page 12 T HE Bahamas government has failed to co-operate with an investigation into the w hereabouts of hundreds of millions of dollars linked to one of the biggest bank scandals in history, according to f oreign news reports. The collapse of Banco Ambrosiano in the early 1 980s is a tale of murder, Mafia plots, international money laundering schemes ABSOLUTE rubbish! was Acting Prime Minister Brent Symonettes reply to a rumour being circulated that Prime Minister Ingraham, instead of going on vacation is headed for Johns Hopkins University Hospital in Baltimore, for a con dition still yet to be reported. Mr Symonette said that there is absolutely no truth to this report. Every year, he said, the prime minister takes his vacation just after his birth day. Mr Ingraham was 64 years old on Saturday. It was announced from the By AVA TURNQUEST Tribune Staff Reporter email@example.com THE relatives of children orphaned by cancer are appealing for assistance from the public as they work to build them a new life. Yesterday would have marked the 12th wedding anniversary of Peter, 42, and Consuela Faye, 38, Thurston, who both died less than five months apart this year of can cer-related complications. B y NATARIO McKENZIE Tribune Staff Reporter firstname.lastname@example.org T HE results of a recent surv ey that showed that the c ountrys unemployment rate h ad dropped have been labelled as inaccurate and politically driven by members of the PLP. However,F NM Chairman Carl Bethel h as denied the claim. On Friday, The Department of Statistics released the results of its Labour Force a nd Household Income Sur v ey, conducted in May this PLP CLAIMS UNEMPLOYMENT F IGURES ARE INACCURATE S EE page 12 REPORTS:BAHAMAS GOVT F AILED T O CO-OPERATE WITH INVES TIGA TION INTO BANK SCANDAL LABOUR FORCE, HOUSEHOLD INCOME SURVEY SEE page eight DEPUT Y PRIME MINIS TER DISMISSES R UMOURS OF PM GOING TO HOSPITAL SEE page 10 SEE page 10 APPEAL FOR ASSISTANCE FROM PUBLIC FOR CHILDREN ORPHANED BY CANCER
POLICE continue to issue traffic tickets to New Provi dence motorists who fail to adhere to traffic rules. During the past week, police l cited 420 drivers for various traffic infractions 195 matters before the Traf fic Court. Some of the offences for which persons were cited for included: Unlicensed and uninspected vehicles, failure to have windows of transparent view, cracked windshield and vehicles having one head lamp or no license plate affixed. The police commended members of the public who continue to adhere to the traffic rules and regulations. Members of the public were also encouraged to be alert to their surroundings and to obey all laws as police will continue with their efforts to make the Bahamas a safer place for all. LOCAL NEWS PAGE 2, MONDAY, AUGUST 8, 2011 THE TRIBUNE 0$0$,$+$ THE government will have to stop nickel and dime-ing the education system if they expect to improve national examination results, according to Democratic National Alliance chairman Mark Humes. S tating that there was no clear indication of how the pub lic school system and its students were performing, the third party called on Education Minister Desmond Bannister to release the full report on the 2011 national examinations. This government, said Mr Humes, has made it a cus tom to change up the rules as it continues to hide and justify its obvious failures. We understand that this administration is trying to save its job in the face of mounting social failures. It is no wonder that the Minister of Education would prefer to tell theB ahamian people that there have been improvements in n ational grades. At this most critical stage in fading life of this administration, what else could we expect? The party claims that by not releasing the report in its e ntirety, the Education minister was playing a shamefully dangerous game that threw a cloud of suspicion over data given last week. E ducation officials announced selected results from the 2011 national examinations at a press conference on Thursday, and advised that the full report would not be issued until all schools received their results. L ast week, education chiefs maintained that weaknesses in math application remained the greatest challenge despite slight improvements across the board. During the press conference, the need for technically trained teachers in math and English language was highlighted. Mr Humes said: If we have problems with students u nderstanding math and English, spend more money and hire or train more teachers who know English and how to speak English and who can do math. That would be one obvious solution, no? We want to continue to nickel and dime and then expect exceptional results. It will never hap pen! Highlighting the dismal record of both FNM and PLP governments in a written statement yesterday, the party maintained that the education system must be transformed before it can serve as a catalyst for the nations growth and progress. Said Mr Humes: The DNAs platform and policies on education will provide that transformative framework by which the nation can begin the process of developing and nurturing a community of lifelong learners who will help our country become competitive in a global economy, while at the same time contributing to and driving national and worldwide development. The party plans to share and discuss education reform at a town hall meeting scheduled for mid-September. The meeting will be the third instalment in their ongoing series on national development and policy. Mr Humes added: It is time for the Bahamas to recognize that if we continue to do the same thing over, and over, and over again and expect different results, it will not happen. We need to do what is best for our children, their chil dren, and their children to come. By AVA TURNQUEST T ribune Staff Reporter email@example.com RESIDENTS in western New Providence experienced power outages yest erday after one of BECs l argest generators malfunct ioned. S tate minister Phenton Neymour explained that the generator tripped and the disruption to electricity supply was not the result of load shedding. He confirmed that the B ahamas Electricity Corpor ation has sufficient capacit y to meet demands on New Providence. The generator, said Mr Neymour, produces 31 megwats, its one of the largest generators they have down there. The generators h ad to be allowed to run d own and then start back up before it could be brought b ack online. H e added: We apologize f or any inconvenience to customers. The generator, which a ffected residents in Chippingham and nearby surrounding areas, was restored by 11am on Sunday. Mr Neymour also r esponded to concerns over p oor water supply in the C armichael area. T he state minister for the e nvironment said that the W ater and Sewerage Corporation (WSC reduced water pressure last week to increase storage in preparation for the tropical storm. Persons experiencing disr uption to supply are asked to contact the complaints section at WSC. POWER OUTAGES AGAIN AFTER GENERATOR TRIPS 420 DRIVERS CITED BY POLICE DNACHAIRMAN: GOVT HAS TO STOP NICKEL AND DIMEING THE EDUCATION SYSTEM PARTYCALLSFORFULLREPORTONNATIONALEXAMINATIONS PHENTONNEYMOUR
THE Bahamian economy has fared well and is gaining strength despite recent global financial woes, according to theI nternational Monetary Fund. A delegation from the IMF visited The Bahamas in July to assess the countrys economic outlook and met with senior figures from the financial sector. The head of the IMF team Gene Leon said he is optimistic about the countrys financial future and the stability of the banking sector. Economic recovery in The Bahamas is gaining strength, said Mr Leon. The severe economic contraction during 2008-09 and high unemployment resulted in an increase in the ratio of non-performing loans, but stress tests have shown banks remained adequately capitalised. Mr Leon also pointed out that government spending is expected to increase within the next year and although public enterprises could continue to show poor profits, this would not threaten the banks. Despite these prospects, the banking system is expected to remain sound. The IMF emphasised that while total revenues increased in 2010/11, this was offset by a corresponding rise in expenditures, as spending on goods and services increased. According to the group, the government is set to introducea raft of measures to ensure the continued stability of the economy and encourage growth, despite global concerns, such as rising oil and food prices. Mr Leon said: Going forward, the authorities intend to take fiscal measures to stabilize and reduce the debt, and support economic recovery. They also plan to reform and enhance tax administration, increase fiscal responsibility and improve transparency. The mission is confident that the determined pursuit of fiscal consolidation and an enabling investment climate will improve the macroeconomics environment and support sustained economic growth. In a statement the FNM congratulated the Government on the IMFs assessment. The FNM said that barring any international circumstances beyond the control of the Government, the Bahamas, under Prime Minister Hubert Ingrahams guidance, is now continuing back on a path to further sustainable economic growth, job creation, and pos-i tive national development. The FNM said that: As the economic recovery confirmed by the IMF begins to pick up speed and becomes more widespread and sustained, there will be even higher levels of new job creation and economic opportunities for Bahamians throughout the length and breadth of our nation. Added the FNM: This reality confirms the wisdom the Governments decision to initiate the Job Readiness and Training Programme that will enable thousands of Bahamians to find employment for up to 52 weeks as well as ready themselves for opportunities as the recovery firms up. It also supports the need for the entrepreneurial initiatives that have been established such as Jump Start and the Small and Medium Size Business tax relief. The FNM urges Bahamians to continue to strive for national unity and mutual social support of our neighbours and communities as we continue the process of fostering sustained economic recovery from the devastation of the global economic recession and financial market collapse of 2008/2009. LOCAL NEWS T HE TRIBUNE MONDAY, AUGUST 8, 2011, PAGE 3 THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bsFaculty V acancy The College of the Bahamas invites applications from suitably qualified persons for the following vacancy: Part-time Lecturer, French ,responsible for teaching French at the beginners and intermediate levels. The ideal candidate will have a strong commitment to teaching undergraduate students; evidence of excellence in teaching and creative/innovative pedagogies; knowledge of current trends in pedagogy; skills in course development and implementation. Applicants should possess at least a masters degree from an accredited institution with five years of teaching experience. However candidates with a bachelors degree and near native speaker fluency may also be considered. Interested candidates should submit an application letter, completed application formwhich may be downloaded from: www .cob.edu.bs/hrpr ofile adetailed curriculum vitae, copies of College transcripts and names and contact information forat least three (3ofessional references. Applications will not be considered without the complete package which should be submitted to: The College of the Bahamas, Human Resources Department, P.O. Box N-4912, Poinciana Drive & Thompson Boulevard, Nassau, Bahamas. Attention: Renee Mayers, Associate Vice President, Human Resources or email: firstname.lastname@example.org by Monday, August 8th ,167,787()%86,1(66 $1'&200(5&( 5(*,67(5('$1'$33529('%< 0,1,675<)('8&$7,21$1' '(3$570(17)%/,&(59,&( 'HJUHH$VVRFLDWH'HJUHH'LSORPDDQG &HUWLFDWH&RXUVHVDUHRIIHUHGLQWKHIROORZLQJ 3ULQFLSOHVRI/DZIRU-XVWLFHVRIWKHHDFH &ROOHJHXFFHVV &ROOHJH(QJOLVK &ROOHJHDWK %XVLQHVV(QJOLVK (IIHFWLYH:ULWLQJLQ:RUNSODFHf ,QWURGXFWLRQWR&ULPLQDO-XVWLFH +XPDQHVRXUFHJPW /DZ'HJUHH//%f QLYHUVLW\RI/RQGRQf ,QWURGXFWLRQWRDUDOHJDO 3DUDOHJDO$VVRFLDWH'HJUHH &ULPLQRORJ\ :KLWH&ROODU&ULPH &RPSXWHU,QIRUPDWLRQ\VWHPV 4XLFNERRNV &RPSXWHUL]HG$FFRXQWVf %*&6( 2IFHURFHGXUHV 7\SHZULWLQJ.H\ERDUGLQJf %RRNNHHSLQJDQG$FFRXQWV %XVLQHVV)LQDQFH &RPPHUFLDOXPHUDF\f 6KRUWKDQG (QJOLVKIRU%XVLQHVV&RPPXQLFDWLRQV &UHROH ,167,787()%86,1(66$1'&200(5&(5 ( 6 7 5 $ 7 2 1 5HJLVWUDWLRQ'HDGOLQHWK$XJXVW MAN QUESTIONED ABOUT SUSPECTED MARIJUANA POSSESSION A 37-year-old man was arrested for questioning about possessing a substance suspected of being marijua-na. Officers from the Drug Enforcement Unit were on mobile patrol near Melvern Road in the Yellow Elder Gardens subdivision when they saw a group of men sitting near a shed. Police reported that one of the men sprinted away when he saw the officers. The officers gave chase on foot. During the chase, police said they saw the suspect throw a plastic bag to the ground. The officers recovered the bag which contained a quantity of what was suspected t be marijuana. The male, a 37-year-old of New Providence, was arrested. HIGHSPEEDCHASE ENDSINARREST A high speed chase between police and a 25-yearold man ended in the arrest of the suspect who tried to dispose of a handgun. Officers of the Drug Enforcement Unit were on mobile patrol in the Williams Lane area when they saw a man, who was driving a gold coloured car, acting suspiciously. On seeing the officers, the suspect sped off to an area on Williams Lane, where he brought the vehicle to a stop. The officers gave chase and reportedly saw the driver throw an object to the ground. The officers retrieved the object a handgun with ammunition. Police investigations into both incidents continue. O PERATION HOT ROD N ETS FIVE ARRESTS POLICE from the Cen tral Division arrested five p eople during a special operation at Potter's Cay. During operation Hot R od, carried out at the p opular hangout, police searched 30 people and 14 vehicles in their continued crackdown on law break e rs. As a result, two persons were arrested on outstand i ng warrants and three were arrested for posses sion of dangerous drugs. Thirty persons were citedf or various traffic offences, such as driving against the flow of traffic, not having a valid certifi c ate of inspection or driving a defective vehicle. The operation was carried out at the entrance to the Potters Cay Dock between 5 to 7pm Friday. The operation was aimed at suppressing crime in the division and sending a clear message to criminals and traffic viola tors that the police will identify them and will ensure that they are prose cuted. POLICE SEIZE TWO FIREARMS OFFICERS from the Mobile Division discov ered two unlicensed shot guns during a search of bushes in the Florida Court area. Police searched the area after receiving a tip about the location of the firearms at 7pm Friday. Police investigations continue. P OLICENEWS THE FNM said that barring any international circumstances beyond the control of the Government, the Bahamas, under Prime Minister Hubert Ingrahams (pictured ance, is now continuing back on a path to further sustainable economic growth, job creation, and positive national development. T T h h e e s s e e v v e e r r e e e e c c o o n n o o m m i i c c c c o o n n t t r r a a c c t t i i o o n n d d u u r r i i n n g g 2 2 0 0 0 0 8 8 0 0 9 9 a a n n d d h h i i g g h h u u n n e e m m p p l l o o y y m m e e n n t t r r e e s s u u l l t t e e d d i i n n a a n n i i n n c c r r e e a a s s e e i i n n t t h h e e r r a a t t i i o o o o f f n n o o n n p p e e r r f f o o r r m m i i n n g g l l o o a a n n s s , b b u u t t s s t t r r e e s s s s t t e e s s t t s s h h a a v v e e s s h h o o w w n n b b a a n n k k s s r r e e m m a a i i n n e e d d a a d d e e q q u u a a t t e e l l y y c c a a p p i i t t a a l l i i s s e e d d . G ene Leon, head of IMFteam HEAD OF IMFTEAM:BAHAMIAN ECONOMY IS GAINING STRENGTH
E DITOR, The Tribune. THEREare two sides to e very story, as is being d emonstrated by our ongoing debate on the death penalty. It is a very emotional one in our country and involves law, religion, politics and morality. T hose in favour of hangi ng seem to be suggesting t hat the emotion should be r emoved, choose to ignore religion, politics and morali ty harping interminably on the Law. T hey are of the view, that there is no need to discuss whether hanging is good or b ad, or whether it will be a deterrent to crime, because i t is the Law and has always been the Law. Since the death penalty is t he Law, it does not matter whether it is a deterrent or n ot. The real issue is whether it should be enforced. A t present it does not appear that there is much opposition to the death penalty in our Parliament. T here are those among t hem, who are likely to say hang them high. The debate therefore s hould not be about the death penalty, but on how to remove the legal obstacles that presently exist. W e get quotes extensively from various Privy Council rulings, that have made it difficult to carry out executions. In 1993 the Pratt & Mor gan Judgment stated that condemned prisoners shouldn ot be kept on death row for more than five years. It is my opinion, that the Privy C ouncil will not make any r uling in support of the death penalty. After read ing their ruling in the Max Tido murder I am con vinced that with the Privy Council the death penalty is in a coma. Delays in executions are caused with the help of c lever lawyers meandering, s eemingly endless journey designed to stall the process, by condemnedp risoners appeals to local courts, the Privy Council and the international human rights bodies. T he self imposed delay is used as justification for not carrying out the sentence. T he chief functions of parl iament is to change old laws a nd make new and better ones. T hey must introduce laws a imed to prevent convicted murderers from using repeated and unjustified attacks on their sentences to prevent execution. There ought to be at least two categories of murder, m aking the death penalty m andatory for murder one o r capital murder. The limits should be i mposed for appeals to local c ourts and international bodies. The Maxi Tido murder is described as being heinous and gruesome, which left relatives and friends in a state of permanent trauma. T he Privy Council obvio usly does not agree. M ax Tido laughed at the s ystem. It is my sincere belief, that a s long as we have the Privy Council as a final court of a ppeal there will be no hanging in our country. We Served with Honour We Remember With Pride. PAUL THOMPSON, S R., Nassau, A ugust 3, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, MONDAY, AUGUST 8, 2011 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. Publisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas I nsurance Management Building., P.O. F-485, Freeport, Grand Bahama TELEPHONES S witchboard (News, Circulation and Advertising) 322-1986 A dvertising Manager (242 C irculation Department (242 N assau Fax: (242 F reeport, Grand Bahama: 1-(242 Freeport fax: (242 W EBSITE w ww.tribune242.com updated daily at 2pm SHANGHAI China, the largest f oreign holder of U.S. debt, said Saturday t hat Washington needed to "cure its a ddiction to debts" and "live within its m eans," just hours after the rating agency Standard & Poor's downgraded America's long-term debt. The harshly worded commentary, w hich was released by China's official Xinhua news agency, was Beijing's latest e ffort to express its displeasure with W ashington. Beijing's reaction to the downgrade was the harshest among foreign leaders. Officials in Japan and France said their f aith in the U.S. government remained s trong. The Australian prime minister, Julia Gillard, warned against overreacti ng, while the Indian finance minister, Pranab Mukherjee, said the downgrade had created a "grave" situation, one thatw ould require some time to analyze. Though Beijing has few options other than to continue to buy U.S. Treasuryb onds, Chinese officials are clearly con cerned that the country's substantial holdings of U.S. debt, worth at least $1.1 trillion, are being devalued. 'The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow i ts way out of messes of its own making are finally gone," read the commentary, which was published in Chinese newspa p ers. Beijing, which did not release any other official statement on the downgrade, called on Washington to make substantialc uts to its "gigantic military expenditure" and its "bloated social welfare" pro grammes. T he commentary serves as a sharp illustration of how the United States' standing in the world is sliding and how China now views itself as ascendant. W hile Washington wrangles over its debt and deficit problems and the EU struggles to deal with its own debt issues,China is sitting on the world's largest foreign exchange holdings, and its economy is growing at close to 9 per cent. The country is also once again racking up huge trade surpluses with the rest of the world. Beijing does have its own worries, like s oaring inflation and housing prices and a n overheating economy. Policymakers a re also trying to deal with the accumul ation of huge foreign exchange holdings. Trade and current account surpluses have helped China accumulate the vast foreign exchange reserves. I t has invested much of those reserves in U.S. Treasury bonds, largely because t he U.S. market has long been conside red the safest and most liquid bond mar ket in the world. Analysts say that China can also buy bonds in the European and Japanese m arkets but that those two markets are n ot big or liquid enough to absorb China's fast-accumulating foreign exchange r eserves. Beijing policymakers are discussing ways to diversify the country's foreigne xchange holdings away from dollars and also how to encourage Chinese compa nies to invest some of the foreign reserves o verseas. But because China has about $3 trillion in foreign exchange reserves, there are few places big enough to invest those h oldings safely outside of U.S. Treasurys, even though it looks as if they may lose value. A nalysts say that if China pulled back from buying Treasurys, the dollar would weaken and America's borrowing costsw ould rise sharply, but that would also hurt China's existing holdings. And so until China can find a way to slow its accumulation of dollars or finda lternatives, it is likely to be the largest buyer of Treasurys. Still, government leaders here increas i ngly sound as if they are losing confidence. ''International supervision over the issue of U.S. dollars should be intro d uced, and a new stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country," the Xinhua commentary said. (This article was written by David Barboza The New York Times News Service). No hanging while the Privy Council is final court of appeal LETTERS l email@example.com W ashington must cure addiction to debt A Service of Thanksgiving to God for the life of Donald E. dAlbenaswill be held on Wednesday August 10, 2011 at 4:00 pm at Trinity Methodist Church, Frederick Street, Nassau The dAlbenas Agency will close at 12:00 noon that day out of respect for Mr. dAlbenas, the companys founder. Me mori al Memorial E DITOR, The Tribune. QUESTION: Is honesty still the best policy in The B ahamas? We condemn those who commit petty crimes a s criminals, for stealing, etc. Those who enter the win dow are murderers, and those who enter our nation ille gally and overstay their time are no better than the petty thief. B lessed is the nation whose God is the Lord; and the people whom he hath chosen for his own inheritance Psalm 33 verse 12. If my people who are called by my name...humble themselves and call on me. Then I will bless their land. So why cannot those illegals find our God, in order for t heir nation to be blessed? P lease read Miami Herald.com page 3A, 30/6/11Aborigine crisis : Must our people continue to suffer. So like those indigenous Australians: From the year 1788 up t o this present day, United Nations and Amnesty International, would not lift a finger to help those black peo ple in Australia. So to me you are saying, we Bahamians must keep on suffering? In closing: I read your paper every day, I was a Tribune boy from the year 1956 to 1965, I know just about all of your staff and where they came from, titles do not lie! Please do not sell out our nation. We are all Gods people. BEST REGARDS, AMEN Nassau, July 8, 2011. Is honesty still the best policy in the Bahamas?
LOCAL NEWS P AGE 6, MONDAY, AUGUST 8, 2011 THE TRIBUNE 'RQWOHWDQ\RQHPDNH\RXIHHO XQZRUWK\RULQFRPSHWHQW
T HE TRIBUNE MONDAY, AUGUST 8, 2011, PAGE 7 PROSPECTUS THEGOVERNMENTOFTHECOMMONWEALTHOFTHEBAHAMAS BAHAMASREGISTEREDSTOCK2016,2018,2020,2026,2028AND2032 ISSUEOFB$100,000,000.00 IssuedunderTheBahamasRegisteredStockAct,andauthorizedbyResolutionsoftheHouseofAssembly,9th June,2011. ApplicationswillbereceivedbyTheBankingDepartmentbeginningat9:30amon3thAugust,2011andwillclose at3:00pmon11thAugust,2011.Allocationswillcommenceat9:30a.m.on12thAugust,2011andwillceaseat 3:00p.m.on15thAugust,2011. IfthetotalsubscriptionsexceedthesumofB$100,000,000.00(Nominal)partialallotmentwillbemadeto subscribers,andaproportionaterefundwillbemadeassoonaspossibleafterallotment.Nointerestwillbepaidon amountssorefunded. ThedateofthisProspectusisAugust2,2011 TheGovernmentofTheCommonwealthofTheBahamasinvitesapplicationsforBahamasRegisteredStock totallingB$100,000,000.00.TheStockwillbeavailableinarangeofmaturitydates;theearliestbeingrepayablein 2016andthelatestin2032.ThetotalamountofStockoffered,therateofinterestandtheissuepricearegivenbelow:R ateofInterest N ameofStock A mount B $ I ssuePrice B $ P rimeRate BahamasRegis teredStock20 16 5, 000,000.00 100.00 1 / 6 4 % A bovePrimeRate B ahamasRegisteredStock20 1 8 1 0 000,000.00 1 00.00 1 / 3 2 % A bovePrimeRate B ahamasRegisteredStock20 2 0 1 0 0 00 000.00 1 00.00 5 / 6 4 % A bovePrimeRate B ahamasRegisteredStock20 2 6 2 0 0 0 0,000.00 1 00.00 3 / 32 % AbovePrimeRate BahamasRegisteredStock20 28 3 0,000,000.00 100.00 1 / 8 % A bovePrimeRate B ahamasRegisteredStock203 2 2 5 000,000.00 1 00.00 1 0 0 ,000,000.00 TheStockshallberepaidon15thAugust,intheyearappearinginthenameoftheStock. INTEREST TheStockwillbearinterestfrom15thAugust,2011,attherateshownagainstthenameoftheStockasthepercent p erannumoverthePrimeRate(i.e.theprimecommercialinterestratefromtimetotimefixedbytheClearingbanks carryingonbusinessintheIslandofNewProvidenceinTheBahamas.Ifthereshallbeanydifferencebetweenthem, thenthatwhichisfixedbyRBC RoyalBank(Bahamas)Limited.Interestshallbepayablehalf-yearlycommencingon 15thFebruary,2012andthereafteron15thAugustand15thFebruaryineveryyearuntiltheStockisrepaid. CHARGEUPONCONSOLIDATEDFUND TheprincipalmoniesandinterestrepresentedbytheStockarechargeduponandpayableoutoftheConsolidated FundandassetsofTheCommonwealthofTheBahamas. SUPPLEMENTARYPROVISIONS IssueofStock TheStockwillbeissuedbytheRegistrar(TheCentralBankofTheBahamas).Applicationswill bereceivedbyTheBankingDepartmentbeginningat9:30a.m.on3th August,2011and willclose at3:00p.m.on11thAugust, 2011 .Allocationswillcommenceat9:30a.m.on12thAugust,2011 andwillceaseat3:00p.m.on15thAugust,2011.Allenvelopesenclosingapplicationsshouldbe labelledApplicationForBahamasGovernmentRegisteredStocks Units TheStockwillbeinunitsofB$100.00. Applications ApplicationsmustbeforB$100.00oramultipleofthatsum. ApplicationForms ApplicationsfortheStockshouldbemadetotheRegistrarontheformattachedtothe ProspectusandmaybeobtainedfromtheRegistrarofficesinNassauandFreeport,TheTreasury Department(TheNorthBuildingatWaterTowerPlace,EastStreet,Nassau).Applicationsmayalso bedownloadedfromtheCentralBankoftheBahamaswebsiteat www.centralbankbahamas.com or anyofthefollowingbanks:1.BankofTheBahamasInternational 2.FirstCaribbeanInternationalBank(Bahamas)Limited 3.FinanceCorporationofBahamasLimited 4.CommonwealthBankLimited 5.RBC RoyalBank(Bahamas)Limited 6.Scotiabank(Bahamas)Limited 7.FidelityBank(Bahamas)Limited 8.Citibank,N.A.PUBLICDEBT ProvisionalestimatesfromtheunauditedaccountsasatMarch31,2011showthePublicDebtofTheBahamastobe B$4,280,858,000.* GOVERNMENTREVENUEANDEXPENDITURE ThefollowinginformationisextractedfromtheunauditedaccountsoftheGovernmentofTheCommonwealthof TheBahamas. FY2009/2010p**FY2010/2011p**FY2011/2012p** B$B$B$ ApprovedBudgetApprovedBudget Revenue1,302,543,0001,492,159,0001,520,189,000 RecurrentExpenditure(excluding RepaymentofPublicDebt)1,395,892,0001,467,170,0001,597,958,000 CapitalDevelopment Expenditure(excludingloans contributionsandadvances topubliccorporations) 156,757,000227,579,000237,303,000 **Provisionalestimatesfromtheunauditedaccounts. *ThePublicDebtamountisinclusiveofThePublicCorporationscontingentliabilitywhichasatMarch 31, 2011totalledB$540,489,000. THEGOVERNMENTOFTHECOMMONWEALTHOFTHEBAHAMAS BAHAMASREGISTEREDSTOCK2016,2018,2020,2026,2028AND2032 F OROFFICIALUSEONLY APPLICATIONNo ALLOTMENTNo. D ATE: T heRegistrar c/oTheCentralBankofTheBahamas P.O.BoxN-4868 Nassau,Bahamas Sir: I /WeherebyapplyforthefollowingamountofBahamasRegisteredStock: I nsertbelowtheamountappliedfor i nUnitsofB$100 Prime Rate Bahamas Registered Stock 20 16 B$ 1 / 64 % Above Prime Rate Bahamas Registered Stock 20 18 B$ 1 / 32 % AbovePrime Rate Bahamas Registered St ock 20 2 0 B$ 5 / 6 4 % Above Prime Rate Bahamas Registered Stock 20 26 B$ 3 / 32 % Above Prime Rate Bahamas Registered Stock 202 8 B$ 1 / 8 %Above Prime Rate Bahamas Registered Stock 203 2 B$ a ndundertaketoacceptanylessamountwhichmaybeallottedtome/us. I /WeencloseB$inpaymentfortheStockappliedfor. IntheeventofthefullamountofStock(s)appliedforaboveis/arenotallottedto me/us,I/werequestthatthesumrefundabletome/usbeappliedforthefollowingStock: % BahamasRegisteredStockB$ PAYMENTSINEXCESSOFB$50,000.00 MUST BEMADEVIAREALTIMEGROSSSETTLEMENT S YSTEM(RTGS)THROUGHALLCOMMERCIALBANKSEXCEPTFINCO. PAYMENTSOFB$50,000.00ORLESSCANBEMADEVIAREALTIMEGROSSSETTLEMENT SYSTEMORBYBANKDRAFTPAYABLETOTHECENTRALBANKOFTHEBAHAMAS PAYMENTSOFB$5,000.00ORLESSCANBEMADEVIAREALTIMEGROSSSETTLEMENT SYSTEM,BYBANKDRAFTPAYABLETOTHECENTRALBANKOFTHEBAHAMASORBY CASH. ALLNEWINSTITUTIONCUSTOMERSMUSTPRESENTALISTOFAUTHORIZED SIGNATORIESALONGWITHMEMORANDUMORARTICLESOFASSOCIATION.1.(OnePerson) OrdinarySignature NameinFull(BLOCKLETTERS,statewhetherMr.,Mrs.,orMissandtitlesifany.) Address(Corporationsetc.shouldgiveRegisteredAddresses) P.O.Box TelephoneNos.(H)(W) 2.(Wheretwoormorepersonsapplyasjointsubscribers,theadditionalnamesandaddressesshould begivenbelow.) OrdinarySignatures NamesinFull And/OR Address TelephoneNos.(H)(W) I/Weherebyrequestsemiannualinteresttobepaidto: BankName BankBranch Account Number THE GOVERNMENT OF THE COMMONWEALTH OF THE BAHAMAS BAHAMAS REGISTERED STOCK 2016, 2018, 2020, 2026, 2028 AND 2032 ISSUE OF B$100,000,000.00 By SIR RONALD SANDERS (The writer is a C onsultant and former C aribbean diplomat) THE 79 African, Caribbean and Pacific (ACP the strength of their combined number and access to t heir natural resources to d emand a voice in global e conomic and financial arrangements that directly affect their economic wellbeing and the welfare of their people. With resources ranging f rom oil through gold, diam onds, timber, bauxite and a range of natural resources t o which the rich countries of the world want access, the ACP countries miscalculate the clout that they could exercise in unison to demand a better share of the worlds wealth. They also underestimate how powerful a force they could be in international organisations if they could agree to vote together.E ffectively, they could be a b locking force or a strong b argaining entity with the rich and powerful countries that need wider support to achieve their own national a mbitions. They could also b argain more strongly and w ith more advantageous r esults if they could agree a nd adhere to standards t hat they would apply to foreign investors who now play them off against each other. The problem is that, even though the agreement that established the ACP, allows the grouping to bargain collectively with any third party, the ACP has confined itsa ctivity to negotiations with t he European Union (EU F urther, the group lacks unity a fact well-known to the EU and to other rich nations. This lack of unity h as been exploited by the E U, and others, to keep the A CP divided and weak. T herefore, the group has f ailed to realise the enorm ous potential it has for bargaining more effectively for its member states. Of course, there is an argument that the interests o f ACP countries are so d iverse, and even competit ive, that it would be difficult (some would argue that it would be impossible) for them to agree on objectives and negotiating positions that would serve their collective interests. T hat is the defeatist position one that has served the interests of those rich countries and investors that have benefitted from a weak ACP organisation that does not bolster the bargaining s trength of its individual m embers. This was obvio us in the negotiations between the EU and the ACP countries over Economic Partnership Agreements (EPAs ACP allowed the solidarity it had shown in negotiating previous aid and trade agreements to dissolve by the creation of separate groups within the ACP to negotiate with a combined 27-nation EU. The result was wholly unequal and unfair EPAs that will not stand the test of time, and will eventually e nd up in failure because m any disadvantaged ACP countries will not be able to d eliver on the pledges they w ere forced to make. On the flip side of the coin, the 27 countries of the EU also have diverse interests and objectives, but they negotiate common positions amongst themselves and t hen argue them collectively i n their bargaining with othe rs such as the regions of the ACP. The point is that diverse interests are no barrier to several like-minded countries reaching a common position if they have the will to do so in their collective interest. And, the evidence is that when, in 1972, the Europeans expanded membership of their Economic Community from six counties to nine, including Britain, forcing new trade arrangements between the EU and the then independent states in Africa, the C aribbean and the Pacific, t he ACP was created on the Wanted: A leader for the ACP S IR RONALD SANDERS WORLDVIEW SEE page 10
LOCAL NEWS PAGE 8, MONDAY, AUGUST 8, 2011 THE TRIBUNE t he numbers of Haitians who h ave become Bahamians and who can vote. Therefore they have become an importantv oting block, so somewhere along the line the purity of t he commitment to protect t he Bahamas and its territori al waters is sort of merged to t he fear of doing things that might cause you to lose an e lection. . .We allowed ourselves to be influenced too much by t heir presence as opposed to u sing our own commitment to convince and satisfy them that they are Bahamians, a ccepted as Bahamians, and that the programmes that we are offering them to closed own illegal immigrants comi ng into our country are programmes as much in their favour as in any other Bahamians favour. "A will has to be developed, he said. With devel-o ping it, there has to be an understanding on our part that the Haitian-Bahamian isi n fact a Bahamian. And we must not be insecure in speaking to them as Bahamians and getting them t o be a part of what we're doing because we're protecting the country for them. We are all in the same boat." Mr Christie added that Bahamians have to realise that the country has been a melting pot of different n ationalities for decades who m ust all be included in a national discussion on immi gration policies. H e added that government must expend the same financial resources to the Royal B ahamas Defence Force, to a llow it to properly man the country's borders, which was spent on the ongoing public infrastructure programmes. "We have to do better, we h ave to do more and most certainly if God gives me the opportunity to form the nextg overnment of the Bahamas that is the kind of resolve that we will bring to governance and the kind of, I t hink, stiff application of policies that will take place," he added. M r Christie also took shots at Prime Minister Hubert Ingraham and National Security Minister Tommy Turnquest who, he said, disparaged him in the lead up to t he 2002 election for not havi ng a handle on the crime problem at the time. "Now they rue the day t hey said that," said Mr Christie, noting the 87 murders recorded for the year a nd record breaking murder s tatistics which have happened under the Free National Movement's watch. were published last week as "cruel" and "callous fabrications." Even I thought the news crossed the line, it is a total fabrication that is so cruel (and ly goes to the root of what ought not to take place in our country," he said, as a guest on Parliament Street yesterday. "It really hurts me to see how people can be so callous and have a total disregard for feeli ngs where they go to the character of my wife a nd her loyalty as a person to a marriage. It is so sad." Mr Christie added that he has turned the matter over to his attorneys who will decide how to pursue the matter. T he PLP chief also defended his five year term in office, from 2002 to 2007, which has been sullied by critics who claim he was an i ndecisive leader with little control over his C abinet. "I am tired of people trying to lie about me in terms of my public life, (calling him again', they dumb down the national debate in this country where they are inviting people to make decisions on these stupid clichs. Votea gainst the PLP 'cause Christie late again, vote a gainst the PLP because Christie procrastinated." He added that his critics fail to mention that his term in office is "difficult to match." "We did so much for so many in such a short period," he said. He stressed that he "never took a day off in f ive years," save the five week period when he took time off to recuperate from an illness and added that he was in full command of his Cabinet, despite reports to the contrary. a nd clandestine Masonic sects. The Bahamas branch of the bank, Banco Ambrosiano Overseas Limited, was at the very centre of the scandal yet according tot he press in Italy and the UK, requests for help from local authorities have fallen on deaf ears. Italian prosecutors are looking for funds allegedly squirreled away by former bank chairman Roberto Calvi, known as Godsb anker because the Vatican Bank was the l argest sharholder. In years leading up to the collapse, Calvi set up companies in the Bahamas and SouthA merica to which he funnelled hundreds of millions in bank funds. It is claimed that $800 million in total went missing. F ollowing the banks collapse, Calvi was f ound dead in London in 1982, hanging by the neck from Blackfriars Bridge. There have been several trials and inves t igations into the circumstances surrounding his death. Italian courts have ruled it a murder, rumoured to be a retribution hit for the loss of Mafia money during the collapse. In 2005, Italian investigators claimed to have traced several hundred million of the missing funds to accounts in the Bahamas. T he prosecutors were said to have been eager to follow this lead, however as UK newspaper The Observer reported in August of that year, Police sources in London indi c ated that the authorities in the Bahamas have been slow in supplying them with details associated with the accounts. Reports in the Italian press from 2009 indicate that two years on, little had changed. Some claimed the Italian prosecutors received no response whatsoever to their o fficial requests for co-operation. Calls to Attorney General John Delaney for comment were not returned before presst ime last night. A lfred Sears, the attorney general at the time of the official request, could also not be reached. A source close to the Office of the Attor ney General told The Tribune the Italian investigators were probably not ignoredi ntentionally, but rather as a result of the inefficiency and disorganisation of the office and lack of focus on international requests. Christie may sue tabloid over reports FROM page one REPORTS:BAHAMAS GOVT FAILED TO CO-OPERATE WITH INVESTIGATION INTO BANK SCANDAL FROM page one GOVTS FEAR HAITIANS WHO CAN NOW VOTE FROM page one
By LAMECH JOHNSON AN idea came to the shelter manager at the Bahamas Humane Society that would improve the image of a portion of the shelters exterior. However, what made Percy Grants idea reality was thewill to leap on faith and ask for assistance from someone with the connections to make the idea possible. More help came along and the rest is history. The latest venture by the local animal shelter is to beautify a plain wall west of its building entrance on Chippingham Road, attracting motorists and pedestrians to the shelters cause. decided to speak with Dr Erica James of the National Arts Gallery of the Bahamas about my idea to place art of animals on the wall and she immediately was able to organize a contest for local artists to produce the best animal theme for the mural that we wanted. Matthew Wildegoose won the contest and as you can see work has already begun on the mural. You can see the different animals on the wall, racing towards the direction of the Humane Society. Before the design of the mural could begin though, repairs to the wall needed to be done and funds to have the basing primed before painted. We were blessed to have Cavalier Construction dorepairs to the wall. We really appreciate their help and wed also like to recognize KC Painting & Pressure Cleaners as well. I had bought the white paint but they had volunteered the labour and did the basing for free and we at the society just cant express our gratitude enough to these organizations and Dr James. Student volunteers are also assisting with the creation of the mural that will measure more than 100 feet in length. Our whole theme that you will see when you pass this mural and its something were all about is Be humane. Love and treat animals the way that you as a person would want to be treated. And while youre passing by this lovely mural, stop in our office and query about the many cats, dogs, puppies, kittens and other animals that need a loving home. LOCAL NEWS T HE TRIBUNE MONDAY, AUGUST 8, 2011, PAGE 9 Break away from the ordinary and discover how to experience life to the fullest. The Isuzu D-MAX is the ultimate multi-purpose pick-up truck which enables you to drive through tough roadsand load a variety of cargoes. It is specially designed to be powerful, stylish and highly functional. The Isuzu D-MAX is one toughvehicle that willnever let you down!T H E I S U Z U D M A XPOWERFUL COMFORTABLE VERSATILE T YREFLEX S T AR MO TORSCall us today for your new IsuzuD-MAX Pick-UpTruck at 325.4961Wulff Road, P.O. Box N 9123, Nassau, The Bahamas Fax: 323.4667 MURAL DESIGN DRAWS ATTENTION TO HUMANE SOCIETY M M a a t t t t h h e e w w W W i i l l d d e e g g o o o o s s e e w w o o n n t t h h e e c c o o n n t t e e s s t t a a n n d d a a s s y y o o u u c c a a n n s s e e e e w w o o r r k k h h a a s s a a l l r r e e a a d d y y b b e e g g u u n n o o n n t t h h e e m m u u r r a a l l . Y Y o o u u c c a a n n s s e e e e t t h h e e d d i i f f f f e e r r e e n n t t a a n n i i m m a a l l s s o o n n t t h h e e w w a a l l l l , r r a a c c i i n n g g t t o o w w a a r r d d s s t t h h e e d d i i r r e e c c t t i i o o n n o o f f t t h h e e H H u u m m a a n n e e S S o o c c i i e e t t y y . S helter manager Percy Grant THEMURAL on the wall is taking shape.
LOCAL NEWS PAGE 10, MONDAY, AUGUST 8, 2011 THE TRIBUNE basis of the strength in their unity. It was that unity that allowed the ACP to bargain for the Lom agreement under which poor countries enjoyed both development assistance and preferential access to the EU market for their products. African, Caribbean and Pacific countries stood-up for each other refusing to accept better conditions for some countries if other members of the group were being short-changed. It is equally significant that the rich member countries of the Organisation for Economic Cooperation and Development (OECD reach agreement on the standards they wish to impose on the rest of the world. It cannot be that the rich have a greater capacity than the poor to subjugate special interests for a wider good. The history of the development of Caribbean society proves such a supposition to be wrong. For instance, it is the strength of collective bargain ing by trade unions that unified workers and brought exploitative companies to the negotiating table for the delivery of better conditions in the late 1930s and early 1940s and laid the foundation for todays middle-income countries. But, there will be no strong, vibrant ACP group that demands a voice in international economic arrangements or that sets com mon standards for foreign investors unless the leaders of the ACP countries themselves decide to imbue it with that authority and provide it with the resources that it needs to do the job. Right now, the ACP is in no condition to do so. The governments of the ACP countries do not see it as a powerful instrument for their countries economic and social advancement. The ACP Secretariat remains dependent on hand-outs from the EU to conduct critical aspects of its work, including work that affects its relationship with the EU itself. What possible independence and vigour can it show in such circumstances? Yet, ACP countries bear the brunt of the worlds crises including climate change caused by rich countries, and the effects of the financial crisis in the US and Europe. In any truly democratic system, the ACP group which comprises almost half of the worlds states, should have a say in the governance of global mat ters that materially affect their people. But, they have no collective voice in the G20, no voice of their own in the IMF and World Bank, no strategic place in the World Trade Organisation. And, no one is about to give it to them unless they fight for it. With proper cultivation and development the ACP group could become a real force for advancing the neglected interests of the people of its 79 countries. Will the leaders of the ACP stand-up? Responses and previous commentaries at: www.sirronaldsanders.com FROM page seven WANTED: A LEADER FOR THE ACP The couple had five children, three girls, Brittiny, 11, Sarah, eight, and Brianna, 2; and boys Peter, 9, and Justin, who will celebrate his seventh birthday this Saturday. Mrs Thurston had two daughters before her marriage, Sasha, 16, and Johnnese, 19, Williams. Patricia Pratt, Mrs Thurstons sister and legal guardian of the five minors, has taken up her sisters greatest desire to find secure housing to keep the children together permanently. The Thurstons first appeared on the front page of The Tribune in December as a family o f eight facing eviction and in dire need. Mrs Thurston was diagnosed with stage four breast cancer in 2009, and her husband with advanced stage lymphoma, cancer of the immune system, last year. Mrs Pratt said: We would just like to thank the public for standing by (Consuela throughout her sickness, and even still in her death, for offering your support and prayers. Up until the emergence of their shocking health challenges, the Thurstons were always able to care for their seven children. Consuela as a longtime employee at Solomons Super Centre and Peter as a self-employed mason. After the death of Mr Thurston, health challenges forced the family to relocate to Grand Bahama where Mrs Thurston subsequently died in the home of her sister in June. The Thurston children had originally planned to remain in Grand Bahama; however Mrs Pratt said that the decision to return to Nassau was necessitated to keep the family together. Mrs Pratt, a housekeeper at a resort on Paradise Island, and her husband, a retired fisherman, have six children; however, only two are minors and dependent on the household. The family has transformed their living and dining room into bedroom space to accommodate the five children who will attend nursery, junior and primary schools in September. Despite assistance from the Department of Social Services, $180 per month, Mrs Pratt admitted that it will be difficult to provide for her sisters children. Both Sasha and Johnnese are unemployed. Earlier last year, after learning of The Thurston's unfortunate situation, a community-led initiative was launched to con struct a home using building plans the family had got approved, but were financially unable to bring to fruition. Mr Thurston had been willed the land by a family member, and had planned to build an apartment complex. Now, Mrs Pratt is committed to completing the structure a foundation has already been poured to ensure permanent housing for the Thurstons. Mrs Pratt added: My focus is just getting a home for them so that they can be comfortable, so that they can stay together. I know that is what my sister wanted most for them, that they would all stay together. The family is currently in the process of transferring owner ship of the account set up at FYP Builder's Mall, Wulff Road. Persons wishing to assist the family are asked to call Mrs Pratt at 636-8457. The Thurstons bank account at Scotiabank has been closed, however funds can be sent to the family in care of Mrs Pratt at Scotiabank account number 14155. Cabinet Office on Saturday that the Prime Minister and Mrs Ingraham would leave Nassau on Sunday for their annual vacation, returning on Thurs day, August 18. In fact, said PLP chairman Carl Bethel, Mr Ingraham arrives aboard a cruise ship that docks in Nassau tomorrow morning (today getting off to attend a meeting in his office at 12 noon, which I shall be attending. In fact, said Mr Bethel, Mr Ingraham is on a working vacation and is not sick. He said that Mr Ingraham and his family are on a Caribbean cruise. In other words Mr Ingraham will be in his office in Nassau today and not calling on his doctors at Johns Hopkins in Baltimore as the rumour claims. Deputy Prime Minister Symonette will act as prime minister in his absence. FROM page one DEPUT Y PRIME MINIS TER DISMISSES RUMOURS OF PM GOING TO HOSPITAL APPEAL FOR ASSISTANCE FROM PUBLIC FOR CHILDREN ORPHANED BY CANCER F ROM page one T HE THURSTON c hildren are pictured above during a visit to T he Tribune with their two cousins (seated on the left ter and granddaughter.
T HE TRIBUNE MONDAY, AUGUST 8, 2011, PAGE 11 UNFORTUNATELY, metal theft has become an all too common occurrence. One of the fastest growing crimes in the world today is metal theft. Copper, aluminum, nickel, stainless steel and scrap iron have become the desired target of thieves looking to make a quick buck. This has been happening throughout the world, so it is not a problem unique to the Bahamas. Therefore, the Royal Bahamas Police Force would like to offer the following tips to help prevent the theft of copper items from your property. Consider these measures to reduce your risk: Install a security camera with video recorder and keep recordings for a sufficient period. Secure all equipment in locked buildings, or in welllit areas secured by fencing. Better yet, use a perimeter security system with contact alarms or motion detectors. Post No Trespassing placards around the property or signs indicating the presence of a surveillance or security system to deter thieves. Remove access to buildings and roofs. Eliminate items that allow for easy entry to buildings, such as trees, ladders, scaffolding, dumpsters and accumulated materials such as pallet piles. Secure your building access with deadbolts, and door and window locks. Trim or remove trees or other landscaping that allows criminals to hide from view on your property. Mark metals with the companys name using paint, hard-to-remove decals or engraving equipment. Make sure someone is present when supplies such as copper wiring or pipe are delivered at a job site so the materials can be immediate ly secured. Dont receive supplies earlier than you need them. The longer metal is onsite and unused, the longer its at risk of theft. Develop a relationship with the police. Ask for t heir guidance in preventing metal theft at your business and what to do in the event a theft occurs. Increase lighting outside, and protect fixtures (such as AC units locked metal cages. Create a master list of all of your equipment and bulk metal (if applicable and include pictures. Pro viding the list to your agent and the authorities might help in recovering the items. If a metal theft does occur, call the police immediately. Be sure to preserve the crime scene, including tire tracks, shoe tracks and fingerprints. This evidence could be used to help prose cute the thieves if they are caught. ROYALBAHAMAS POLICEFORCE: PREVENTION OF METAL THEFT Shar e your news The T ribune wants to hear fr om people who are making news in their neighbourhoods. Perhaps you are raising funds fora good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and shar e your stor y
LOCAL NEWS PAGE 12, MONDAY, AUGUST 8, 2011 THE TRIBUNE ,00(',$7(,7,21(1,1* +$1'+(5$3<$,'( year. The results of the survey provided information ont he labour force as it existed d uring the period April 25 to May 1, 2011. No such survey was conducted in 2010 because of the 2010 Census of Population and Housing survey. According to the2 011 survey, the labour force i n the Bahamas increased by 3.3 per cent since 2009 while the unemployment rate showed a slight decline of less than 1 per cent. Since the survey in 2009, the num-b er of persons in the labour force increased by 6,055 or 3.3 per cent, totalling 190,075 persons. According to the survey, both New Providence and Grand Bahama experie nced a decline in the unemployment rate. In the case of N ew Providence the rate fell f rom 14 per cent to 13.2 per cent and in Grand Bahama f rom 17.4 per cent to 15.4 per cent. Fox Hill MP Fred Mitchell in a statement said that a quick poll of his constituentsi n the Fox Hill area shows that the statistics released by the Bahamas Governmento n unemployment in The Bahamas are not received o r perceived as credible. Mr M itchell in his statement s aid: The feeling amongst m any of my constituents is that the figures do not accur ately reflect the real picture of the unemployed in The Bahamas. It is not an accurate r eflection of the misery index i n the country, he said. The Free National Movement administration should not take any comfort in these figures lest they be accused o f deliberately cooking the books. It is imperative that the g overnment comes to under stand the level of human suf fering that exists in The B ahamas today with life being a hustle and hassle for so many people just to find a meal, to pay their rent orm ortgages and to keep their children fed and in school. The unemployment sta t istics to do not reflect the reality which many Bahami ans face today. The situation is even worse in Grand B ahama, he said. Former PLP MP and Sen ator Philip Galanis told The T ribune: I think its critically important for the department of statistics to bei ndependent and to be accu r ate in its surveys. It is criti cally important for the department of statistics nott o be hijacked by the politi cal directorate. When you look at the numbers, the gov ernment has failed to create jobs, he said. While they say the num bers have gone down, I dont think these numbers are accurate, said Mr Galanis, adding: I am most surprised in the numbers from Grand Bahama. I dont think persons in Grand Bahama will give any credence to those numbers. The Department of Statistics must report accurately. Mr Galanis said that a lot of our young men are being completely marginalised. Unemployment is an incubator for crime. Due to high unemployment, crime and not just murder is on the rise. I think this report is politically driven and stinks of partisan political highjacking from a political directorate. Responding to Mr Mitchell Mr Bethel said: The Labour Force Survey Report published by the Department of Statistics is developed each year in exactly the same manner, no matter who is the governing party. The work of the D epartment of Statistics, and t heir continued improved sampling methodologies, has earned the respect not only of Bahamians generally, but also of the International Community and, in particular, those International A gencies who seek reliable statistical information from our country. The Labour Force Surv ey is not and has never been designed to assess subjective s entiments embodied in the non-scientific, impressionistic and highly political, so-called misery index, cited by the PLP commentator. H e further stated: We are all deeply concerned and affected by the hardships suffered by too many in our communities and constituencies, caused by the w orld economic turmoil w hich besets us all. The number one priority of each FNM MP, and theG overnment, is to do everything possible to put Bahamians back to work, a nd to create an economic o f sustained growth and development necessary to lay the foundations of greater e conomic empowerment, job creation and ownership of Bahamian entrepreneurs ino ur National economy. The recent IMF Report now confirms that the coun t ry is now continuing on a pathway of economic growth which will, barring unforeseen circumstances, lead tof urther economic growth, empowerment and opportunities for every Bahamian. The recent Government Job Training and employ ment initiatives, for thous ands of Bahamians, as well a s the various business grants and subsidies, now extend ed to mature businesses, s how the extent to which significant efforts are being made by the FNM Government to continue to cushion our people from the worst economic hardships, to prepare young Bahamian worke rs for the coming expansion of the job market, and to lay the foundations for sustainede conomic growth, which is now beginning to take root. It is the job of the Opposition, said Mr Bethel, to s eek to score political points. However, the facts show extraordinary efforts to preserve the quality of life in our country and to restore the Bahamian economy. the scene. Police are appealing to mem bers of the public who might have information regarding these two homicides, to contact them at 911 919 the Central Detective Unit at 5029991 502-9910 or Crime Stoppers at 328-TIPS FROM page one POLICE INVESTIGATE LATEST MURDERS PLP CLAIMS UNEMPLOYMENT FIGURES ARE INACCURATE FROM page one
$4. 68 $4. 51 $4. 69T he information contained is from a third p arty and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.35 $5.39 $5.55 T HETRIBUNE SECTIONB firstname.lastname@example.orgMONDAY, AUGUST 8 2011 B y NATARIO McKENZIE Tribune Business Reporter n mckenzie@ t ribunemedia.net A RECENT survey cond ucted by the Department o f Statistics shows that the informal sector grew by 32 per cent, adding approximately more than 4,000 persons to the employed labour force. The Department of Stat istics on Friday released t he results of its Labour Force and Household I ncome Survey which was c onducted in May of this y ear. Due to the 2010 Cens us of Population and H ousing, a survey was not conducted in 2010. A ccording to the 2011 survey, since 2009 the number of persons in the labour force increased by 6,055 or 3.3 per cent total-i ng 190,075 persons. Of the 6,055 women accounted f or 78 per cent with their numbers growing by 5.3 per cent compared to men f or whom the increase was 1.4 per cent. According to the survey, one of the factors whichc ontributed to the decline i n the unemployment rate was that a substantialn umber of persons rather t han becoming discouraged workers sought means of making a livelihood by engaging in infor m al sector activities such as the selling of phone cards and similar street vendor activities as well as the selling of jewelry, clothing and similar items from their cars or homes. This informal sector g rew by 32 per cent adding approximately 4,410 persons to that area and accounting for 70 per cent of the addition to the employed labour force. D EPTOFSTATISTICSSURVEY PROVIDES INFORMATION ON LABOUR FORCE FROM APRIL 25 TO MAY 1, 2011 By NATARIO McKENZIE Tribune Business Reportern email@example.com GRAYCLIFF expects construction on its $20 million heritage vil lage in Nassau to begin before the end of the year, its spokeswoman Roberta Gazaroli told Tribune Busin ess We finally got the building per mits a few weeks ago, said Ms Gazaroli. So were finalising some details and thats going to start towards the end of the year. Hopefully things will be done in 18 to 24 months. Were in the process of finish i ng removing the cigar company which is right next to the Humidor restaurant. Were moving it to the back of the restaurant and that should be done in a month or two. So were going to move the cig ar company over there so its kind ofa stand alone and theres going to be more space for people to look and do things there. Mountbatten House and the former Sisters of Charity Convent building, were purchased by the company behind the Graycliff Hotel and Restaurant in 2009. Having purchased the properties for "a few million dollars", Graycliff plans to turn the historic West Hill Street properties, opposite the Graycliff Hotel and Restaurant, into a "heritage village" where visitors can participate in chocolate mak ing as well as coffee roasting and tasting sessions. The project will also create a space for Bahamian artisans, with rooms inside the former convent to be renovated and rented to artists and craftspeople to making "authentic" Bahamian art works. Ms Gazaroli, while not revealing figures, also told Tribune Business sales at its $2 million 5,600 square foot Graycliff boutique and divan in the new US departures terminal at Lynden Pindling International Airport (LPIA According to Ms Gazaroli, the layout of the terminal is not con ducive for retailing. The new lounge replaces and expands the Graycliff boutique and divan that had been operating in the former US Departures terminal, and which has now been shut down as that terminal undergoes major renovation and construction before being re-opened as the new domestic and international arrivals terminal. I NFORMAL SECTOR GROWS, ADDINGMORE THAN 4,000 TO EMPLOYED LABOUR FORCE By NATARIO McKENZIE Tribune Business Reporter n firstname.lastname@example.org ABACONIANS could soon learn of the progress on a proposedu pgrade to the Marsh Harbour I nternational Airport as Minister of Works Neko Grant, while refusing to confirm whether or not the pro-j ect had been contracted, told T ri bune Business an announcement would be made on the matter in short order. T he announcement that a com pany has been awarded the contract could come as early as this week, Tribune Business was informed. B ut Mr Grant would only say: We will be making an announcement in a short order as it relates to the way forward. Abaco Chamber of Commerce president Michael Albury said Aba conians were anxious to see the critical project get under way. I havent heard anything. That doesnt mean that nothing has hap pened, he said. These upgrades are extremely important, and if it wasnt a life or death to the islands tourism economy the government wouldnt be spending the kind of money theyre going to spend. Were just hoping it starts soon, Mr Albury added, noting that the even if the project were to get under way immediately, the island would likely have to go through another tourist season before its completion. Initially announced plans had been that ground would be broken on the airport upgrade project by year-end 2010. Plans went back to the drawing board, however, after Abaconians suggested the original design could be improved upon. Mr Albury previously stated that space constraint was the major drawback of the present Marsh Har bour International Airport facility. He also said that because of the age and quality of the bathrooms, they are very difficult to maintain in a sanitary way He also commented previously that security of luggage was also an issue. ANN OUN CEMENT ON AB A C O AIRPORT IN SHORT ORDER SEE page two DEPTOFSTATISTICSSURVEY MINISTER OF WORKS Neko Grant MINISTER TIGHT-LIPPED ON WHETHER PROJECT HAS BEEN CONTRACTED HOPES FOR COMPLETION IN 18 TO 24 MONTHS W W e e r r e e i i n n t t h h e e p p r r o o c c e e s s s s o o f f f f i i n n i i s s h h i i n n g g r r e e m m o o v v i i n n g g t t h h e e c c i i g g a a r r c c o o m m p p a a n n y y w w h h i i c c h h i i s s r r i i g g h h t t n n e e x x t t t t o o t t h h e e H H u u m m i i d d o o r r r r e e s s t t a a u u r r a a n n t t . W W e e r r e e m m o o v v i i n n g g i i t t t t o o t t h h e e b b a a c c k k o o f f t t h h e e r r e e s s t t a a u u r r a a n n t t a a n n d d t t h h a a t t s s h h o o u u l l d d b b e e d d o o n n e e i i n n a a m m o o n n t t h h o o r r t t w w o o . Roberta Gazaroli CONSTRUCTION ON $20M GRAYCLIFF HERITAGE VILLAGE EXPECTED T O START THIS YEAR By NATARIO McKENZIE T ribune Business Reporter email@example.com DESPITE reports of an aili ng economy, a recent survey c onducted by the Department of Statistics showed that the unemployment rate in Grand B ahama fell by 2 per cent w hich, according to Grand Bahama Chamber of Comm erce President Peter Turnquest, was surprising but good news if the numbers held up. O n Friday, The Departm ent of Statistics released the results of its Labour Force a nd Household Income Survey which was conducted in May of this year. The results provide information on the labour force as i t existed during the period April 25 to May 1, 2011. There was no such surveyc onducted in 2010, due to the 2010 Census of Population a nd Housing. Since the survey in 2009, the number of persons in the labour forcei ncreased by 6,055 or 3.3 per c ent, totaling 190,075 persons. According to the survey, New Providence and Grand Bahama experienced a decline in the unemployment rate. In New Providence ther ate fell from 14 per cent to 13.2 per cent and in Grand B ahama from 17.4 per cent to 15.4 per cent. Im surprised at the d ecline, Mr Turnquest said. I dont know what that is attributed to. I dont think there has been any significant change in the economy in Grand Bahama. It doesnt make whole lot of sense tom e. Its a good thing if it holds up because it says that the Grand Bahama economy is o n the rebound, Mr Turn q uest added. Bahamas Chamber of C ommerce and Employers Confederation president (BCCEC Tribune Business that he toof ound the Grand Bahama n umbers surprising. Mr Rolle said: I think those numbers, if thats what they are, is very encouraging. The New Providence u nemployment rate fell by less than one per cent, while i n Grand Bahama its two per c ent, and it would be really interesting to see where the e mployment came from to warrant that, Mr Rollea dded, noting the current state of the Grand Bahama e conomy. In 2008, we would have been at the peak of the recession, so if we are now experiencing a turnaround, however s light, it may be that would l ead to a change in the unemSURPRISE AS GRAND BAHAMA UNEMPLOYMENT FALLS BY 2% GRAND BAHAMA CHAMBER OF COMMERCE PRESIDENT Peter Turnquest I I d d o o n n t t t t h h i i n n k k t t h h e e r r e e h h a a s s b b e e e e n n a a n n y y s s i i g g n n i i f f i i c c a a n n t t c c h h a a n n g g e e i i n n t t h h e e e e c c o o n n o o m m y y i i n n G G r r a a n n d d B B a a h h a a m m a a . I I t t d d o o e e s s n n t t m m a a k k e e w w h h o o l l e e l l o o t t o o f f s s e e n n s s e e t t o o m m e e . I I t t s s a a g g o o o o d d t t h h i i n n g g i i f f i i t t h h o o l l d d s s u u p p b b e e c c a a u u s s e e i i t t s s a a y y s s t t h h a a t t t t h h e e G G r r a a n n d d B B a a h h a a m m a a e e c c o o n n o o m m y y i i s s o o n n t t h h e e r r e e b b o o u u n n d d . S EE page five
BUSINESS PAGE 2B, MONDAY, AUGUST 8, 2011 THE TRIBUNE KPMGispleased toannouncethe appointmentof TanyaCarey, International Advisory ManagerTanya Carey was appointed as International Advisory Manager as of July 4, 2011. She will act as advisory operations manager across a number of KPMG jurisdictions Anguilla, Antigua & Barbuda, Aruba, The Bahamas, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Cuba, Curacao, Gibraltar, Guernsey, Isle of Man, Jamaica, Jersey, Malta, St Lucia, St Maarten, St Vincent & the Grenadines, Surinam, Trinidad & Tobago, and the Turks & Caicos Islands. Her role will be to support, from an operational perspective, the ongoing growth of KPMGs Advisory business in these jurisdictions. Tanya holds a B.Sc. degree from McGill University, Montreal, Canada. Prior to joining KPMG, Tanya worked in the Canadian nancial services industry for 13 years gaining experience in client service, operations, sales & marketing. Tanya is a Bahamian and lives in Nassau with her husband and two children. KPMG welcomes Tanya to the team! KPMG is a global network of professional rms providing Audit,Tax and Advisory services.We have 138,000 professionals working together to deliver value in over 150 countries worldwide.KPMG has been present in The Bahamas since 1954, and employs 70 staff. 2011 KPMG, a Bahamas partnership, and a member rm of the KPMG network of independent member rms afliated with KPMG International Cooperative (KPMG Internationalwiss entity. All rights reserved AFTER investing tens of thousands of dollars into its new offering, Jannifer Thurston brand manager of Kalik told Tribune Business the feedback to Kalik Lime has been really good. Kalik lime is our new brand. It comes from the well established family of Kalik. Most people are familiar with the Kalik taste. It just has a hint of lime. Its really refreshing. Its a lighter more refreshing taste than the Kalik regular, Thurston told Trib une Business. Thurston said the feedback has been positive. Its been really good, she said. We got really good feedback from tourists and locals alike. We got on a jitney and we drove around the entire August Monday holiday and gave out samples. The response was fantastic. Im truly surprised, I havent gotten one negative comment. Thurston noted that tens of thousands of dollars was invested into the new brand, which is the end result of a long process. She said: Its not something we just jumped up and did. It started with us doing the sampling for Cinco de Mayo last year. Tourists like l ime for that occasion, so we had the Kalik lime samples, and the response to that was good which led us to the point where were a t now. Its been more than a year of working on it, she said. T he informal sector is described as that part of an economy that is not taxed nor monitored by any form o f government. Workers in this sector usually have no contracts, l ittle or no job security, no f ixed hours, and often no f ixed location from which they operate and noe mployment benefits such a s sick or maternity pay, the Department of Statistics stated in a press release on its website. I t further stated: This state of affairs is not unique to The Bahamas and hap pens worldwide, particularlyi n developing countries a downturn in the economy gives rise to an increase ine mployment in the informal s ector. Likewise, during difficult e conomic times, self e mployment ( in the formal o r informal sector) tends to i ncrease and this is borne out in the data which shows that that sector grew faster( 10.3 per cent) than any other sector particularly private enterprises which had an increase of less than 1 per cent. In New Providence self employment grew by 3.1 per c ent whereas the increase in G rand Bahama was sub s tantially higher at 16.9 per cent. A ccording to the survey, the expansion in the employed labour force was largely due to women whosen umbers increased by 5.6 per cent compared to the 2.4 per cent experienced by men. Employment in the informal sector seemedm ore accessible for women a s their numbers increased b y 65 per cent compared to a much lower increase, 20 per cent experienced by their male counterparts. T The survey also showed that persons also withdrew their labour because of the apparent lack of economic activity and that they stopped seeking work. The number of discoura ged workers which i ncreased by 34.8 per cent o ver the period, reaching a total of 11,900 persons. The survey noted that women were less likely to become discouraged than men as their increase in thisa rea, though high, was noticeably less than that of the males 34 per cent ver sus 37 per cent. INFORMAL SECTOR GROWS, ADDING MORE THAN 4,000 T O EMPLOYED LABOUR FORCE FROM page one POSITIVE FEEDBACK FOR NEW BEER LAUNCH TENS OF THOUSANDS OFDOLLARS INVESTED IN PRODUCT
BUSINESS T HE TRIBUNE MONDAY, AUGUST 8, 2011, PAGE 3B THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bsSenior Administrative V acancies Applications are invited from suitably qualified persons for the following positions: Vice President, Operations, responsible for ensuring that cost effective operations a nd infrastructure are in place to support all internal constituents; creating opportunities for investment and strategic partnerships that will support the continued growth of The College of The Bahamas and establishing and managing the appropriate operational, administrative and financial priorities and objectives for all unitsu nder his/her portfolio. Applicants should possess a Master of Business Administration degree or the equivalent with a minimum of ten (10 experience in management. Chief Internal Auditor (CIA ing a risk based audit plan to assess and recommend improvements in key operational and financial activities and internal controls. Applicants should possess a Bachelors degree in accounting or related finance field and must be a Certified Public Accountant (CPA) and a Certified Internal Auditor (CIA). Preference will be given to candidates with a masters degree in Business Administration or Accountancy, a Certified Fraud Examiner (CFEmation Systems Auditor (CISA Dean, School of Business, responsible for the recruitment and retention of talented faculty and students; the development and monitoring of academic programmes at the undergraduate level; the development of new graduate programmes and ensuring high quality research and outreach performance in the School. Applicants should possess a doctoral degree in Business from an AACSB accredited university; significant hands on experience with AACSB International accreditation, quality assurance and academic programme review. Dean, Faculty of Social and Educational Studies, responsible for establishing and maintaining high standards among faculty and students; ensuring faculty fulfill their professional responsibilities to The College, students and the wider community; facilitating the timely completion of programmes of study by students; establishingan atmospherein which teaching and learning, research, creative activity and service can flourish. Successful candidates must have an earned doctoral degree from an accredited university, hold the rank of associate professor or higher, have a minimum of six years tertiary-level teaching experience as well as administrative and programme development experience. Executive Director, Culinary & Hospitality Management Institute, responsible for providing vision, leadership, management and advocacy for tourism, hospitality and culinaryarts, its programmes, faculty and staff within The College of The Bahamas. Successful candidates must have a masters degree in one of the disciplines of tourism, hospitality, management or a related field, although a doctorate degree is strongly preferred, a minimum of five (5 the level of department chair or above or ten (10 tive level within the hospitality industryor an appropriate combination of academic qualification and training, industry and academic employment. Bahamians only need apply.For detailed job descriptions, visit www .cob.edu.bs/hrapply .Interested candidates should submit the following to Associate Vice President, H.R., Human Resources Department, The College of The Bahamas or email: firstname.lastname@example.org on or before Wednesday, August 31st, 2011 : Acover letter of interest College of The Bahamas Application Form (available online at www.cob.edu.bs/hrprofile ) Acurr ent detailed curriculum vitae Statement of Teaching Philosophy (for Faculty positions only Proof of teaching excellence (for Faculty positions only Copies of all transcripts (original transcripts r equired upon employment) The names and contact information for three professional references WASHINGTON Associated Press TIMOTHY GEITHNER has told President Barack O bama that he will remain o n the job as Treasury secr etary. The Treasury Department r eleased a statement Sun d ay saying Geithner had informed the president of his decision to remain in the administration. Geithner is the only remaining top official on Obama's original economi cs team. I n late June, people close to Geithner said he was cons idering leaving after the d ebt limit was raised in August. They said he was tired of commuting to New York, where his son will bef inishing up his last year in h igh school. Geithner informed the p resident of his decision to s tay in the Cabinet on Frid ay morning. T hat discussion took place before credit rating agency Standard & Poor's informedT reasury officials Friday afternoon that they planned to downgrade the government's credit rating from AAA to AA-plus. Investors are watching nervously to see how financ ial markets react to that a nnouncement which came l ate Friday after markets had closed. I n addition, Geithner and o ther finance ministers from the world's largest economies have been discussing what actions need tob e taken to stabilise markets following renewed worries about Europe's debt prob-l ems. A series of Obama's eco nomic advisors have departed including Lawrence Sum-m ers, the first head of the p resident's National Econ omic Council, and two of t he president's chief economic advisers, first Christina Romer and then AustanG oolsbee. Obama has also had to replace his first budget director, Peter Orszag. Before joining Obama's administration, Geithner served as president of the F ederal Reserve Bank of N ew York, a job that put h im on the front lines of the central bank's efforts to bat-t le the financial crisis and to g et credit flowing more freely. He has a close working relationship with Federal Reserve Chairman BenB ernanke. During the administration of President Bill Clinton,G eithner held top positions at the Treasury Department dealing with international financial crises that occurredd uring that administration. GEITHNER SAYS HE WILL STAY AT TREASURY TREASURY SECRETARY Timothy Geithner (AP
NEW YORK A ssociated Press A UNIT of Warren Buffett's Berkshire Hathaway Inc. has bid $3.25 billion for insurerT ransatlantic Holdings. B erkshire's National Indemnity Co. is offering $52 per share in cash for Transatlantic. That tops the price the company would get in its agree-m ent to be bought by Allied World Assurance Co., which i s based in Switzerland. In a letter released by Transatlantic on Sunday, National Indemnity said its offer isn't subject to due dili-g ence or financing conditions. The company said it expects a formal response from Transat-l antic no later than the close of business Monday. I f the offer is accepted, National Indemnity would want a $75 million break-up fee if the transaction did not close by the end of the year. T ransatlantic's board said it would carefully weigh the latest offer by National Indemnity and asked shareholders to wait until it has a chance to judge it before taking action. But the company also said thati t reaffirmed its recommendat ion of the deal with Allied World Assurance. Under that deal, Transatlantic and Allied World would combine in what the companies are calling a merger ofe quals. Shareholders of Transatl antic would receive 0.88 of an Allied World share for each share they hold of Transatlantic. The companies say the deal, w hich calls for Transatlantic shareholders to receive a 58 p ercent stake in the combined company and for Transatlantic to name 6 of the 11 board members, will put them on better competitive footing because of the combined company'sl arger size. A llied World CEO Scott Carmliani would head the combined company and T ransatlantic CEO Robert Orlich would retire. Last month, Transatlantic r ejected a hostile takeover bid from fellow insurer Validus Holdings Ltd. The board also adopted a one-year stockholde r rights plan, commonly called a "poison pill," a move used t o avoid hostile takeovers. BUSINESS PAGE 4B, MONDAY, AUGUST 8, 2011 THE TRIBUNE 7 <&2*/2%$/(;&+$1*(,1& 1 27,&(,6+(5(%<*,9(1DVIROORZV 7<&2*/2%$/(;&+$1*(,1& LVLQGLVVROXWLRQ XQGHUWKHSURYLVLRQVRIWKH,QWHUQDWLRQDO%XVLQHVV & RPSDQLHV 7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\FRPPHQFHGRQWKH U G $XJXVW ZKHQLWV$UWLFOHVRI'LVVROXWLRQZHUH VXEPLWWHGWRDQGUHJLVWHUHGE\WKHHJLVWUDU*HQHUDO 7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV0U3HWHU6FKLHVHU RI$YHQXHGHOD3RUWH1HXYH/X[HPERXU /X[HPERXU 'DWHGWKH U G GD\RI$XJXVW + t &25325$7((59,&(6/7' 5HJLVWHUHG$JHQW IRUWKHDERYHQDPHG&RPSDQ\ 9HURQD0D\6WXEEVRI3 6LU/\QGHQ3LQGOLQJ(VWDWHV1DVVDX9LOODJH 1DVVDX%DKDPDV BUFFETTS BERKSHIRE BIDS $3.25B FOR TRANSATLANTIC BERKSHIRE HATHAWAY chairman and CEO Warren Buffet. (AP
L OS ANGELES Associated Press ELISABETH MURDOCH, the daughter of News Corp. CEO Rupert Murdoch, has delayed taki ng her seat on the News C orp. board, a sign the c ompany is trying to duck criticism that the publicly traded company is run likea family dynasty. Such criticism reached n ew heights after a phoneh acking scandal in Britain brought the role of top management into question. The scandal has put in doubt the corporate future of Murdoch's son a nd heir-apparent, James, w ho had overseen its B ritish papers as head of News Corp.'s European and Asian businesses. Independent director V iet Dinh said in a statem ent Friday that Elisabeth M urdoch and the board "hope this decision reaf-f irms that News Corp. a spires to the highest stand ards of corporate governance." Elisabeth Murdoch, 42, was to join the board at the annual shareholders meeting later this year a fter her British production company, Shine Group, was bought by News Corp. in April. The 415 million pound ( $679 million) deal has been cited in two shareholder lawsuits as an example of nepotism because the Murdochs control nearly 40 percent o f the company's voting shares through a family trust, despite holding a m uch smaller economic s take. R upert Murdoch, 80, h as long tried to maneuv er one of his children i nto position to succeed him and currently his two sons, Lachlan Murdoch,3 9, and James, 38, are already on the 16-member board. Corporate governance e xperts say News Corp.'s board is stocked with loyalists and an Associated Press review found that o nly four of 16 board members have no clear business or familial link to Murdoch or the company. GovernanceMetrics International, an independent research firm that rates corporate boards, h as given News Corp. a failing grade since 2003. Last month, the nine board members who have been judged to be independent by the company hired their own corporate law firm, Debevoise & Plimpton LLP, to advise them on how to oversee the internal committee set u p to investigate phone h acking and police bribery a llegations. The directors wanted legal advice that does not come directly from the company. BUSINESS T HE TRIBUNE MONDAY, AUGUST 8, 2011, PAGE 5B THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bsST AFF V ACANCY Applications are invited from suitably qualified persons for the following position: Executive Director, Gerace Research Centre [GRC], San Salvador, Bahamas responsible for coordinating logistical support, research projects, overall administ ration and daily management of the GRC. Applicants must have a PhD in any of the Natural Sciences, with the ability to involve a new generation of scientists in utilising the GRC and administrative abilities including competent organizational skills. For a detailed job description, please visit: cob.edu.bs/hrapply .Interested candidates should submit the following to Associate Vice President, Human Resources, The College of The Bahamas, P.O. Box N-4912, Oakes Field Campus, Nassau, The Bahamas or email: email@example.com by Friday,August 12th, 2011 : A cover letter of interest College of The Bahamas Application Form (available online at www.cob.edu.bs/hrprofile) A current detailed curriculum vitae Copies of qualifications obtained Copies of all available transcripts (original transcripts required upon employment Copy of the information page of passport The names and contact information for three professional references p loyment numbers. Also, you would have projects like Baha Mar and the road construction; all those things would have been a fac-t or in these numbers going this way as well. The numbers are encouraging. We just now need to continue to grow on them and sustain them. Mr Rolle said that as more major develop-m ents start to come on stream, the Bahamas will startt o see more growth in the employment sector. According to the 2011 survey, the labour force in the Bahamas increased by 3.3 pers ince 2009 while the unemployment rate showed a slight decline of less than one per cent. The survey also said that women were the main contributors to this increase accounting for 78 per cent of the 6,055 with their numbers growing by 5.3 per cent com-p ared to men for whom the increase was 1.4 per cent. The s urvey noted that although t he size of the labour force w as larger than two years prev iously, the actual participation rate declined by 1.1 perc entage points. The participation rate for women held steady but that of males fellb y 2.3 percentage points according to the survey. I think the facts are showing that the women are outnumbering the men, said Mr Rolle. One of the fundam ental things we need to r ealise is something which kind of parallels the report given this week with our edu-c ation system, that females are outnumbering the men as it relates to the various exam r esults so when it comes to f itting jobs obviously the f emales are more qualified than the men in a lot of i nstances to fill these various positions. The survey showed show t here was a noticeable increase in the number of employed persons and a slightd ecrease in the number of unemployed persons result-ing in a decline of less than one per cent in the unem p loyment rate, which now stands at 13.7 per cent. In the 2009 survey, it was n oted that employment in the country at the time had declined overall by 9.8 perc ent with unemployment rates t he highest since the early 1990s. There were 9,540 more unemployed persons in 2009t han there were the previous year which resulted in the unemployment rate increasing from 8.7 per cent in 2008 to 14.2 per cent in 2009. SURPRISE AS GRAND BAHAMA UNEMPLOYMENT ALLS BY 2 PER CENT FROM page one ELISABETH MURDOCH DELAYS TAKING SEAT ON NEWS BOARD Hopes that decision reaffirms News Corp. aspires to the highest standards of corporate governance
NEW YORK Associated Press VIACOM INC., the owne r of MTV, Comedy Central and Paramount Pictures, said Friday that its net income increased 37 percent in the l atest quarter thanks to growing advertising sales and higher fees from cable TV, Netflix and other companies that carry its programs. T he media company, which i s controlled by billionaire S umner Redstone, earned $ 574 million, or 97 cents per share, in the fiscal third quarter that ended on June 30. That's up 37 percent from $420 million, or 69 cents pers hare, a year earlier. A djusted earnings were 99 c ents per share. That's well above the 86 cents per share that analysts polled by FactSet were expecting. This figure excludes employee-sepa-r ation charges totaling about $ 14 million. Judy McGrath stepped down as CEO of MTV Networks during the quarter after 30 years with the network, which she helped shape into a cultural icon. M TV has been enjoying a r esurgence fueled by can'tlook-away unscripted shows such as "Jersey Shore" and "16 and Pregnant." Viacom said MTV did well even without "Jersey Shore" on thel ineup during the quarter. The f ourth season of "Jersey Shore" premiered on Thursday. Viacom's revenue rose 15 percent to $3.77 billion from $3.28 billion. Analysts were expecting $3.52 billion. President and CEO P hilippe Dauman said the "breadth of hit programming found across Viacom's media network portfolio" is contributing to strong advertising growth. R edstone, who serves as V iacom's chairman, said the company has "found its stride." "Our media networks are creating hit after hit, sought after by both audiences anda dvertisers, and Paramount P ictures is putting together a truly unprecedented year of box office success," he said in a conference call with analysts. Worldwide advertising revenue grew 14 percent to $1.28b illion, while U.S. ad sales increased 12 percent during the quarter. The U.S. and worldwide growth rates weres lightly higher than what Viac om saw in the previous quarter, a further sign that the advertising market is improvi ng. Dauman said the compan y expects U.S. ad revenue to grow in the double-digit per c entage in the current quarter a s well. Viacom said revenue at its media networks segment, w hich includes MTV, Nickelodeon and other TV channels, grew 16 percent to $2.39 billion. The company's filmed entertainment segment, which includes Paramount, saw rev-e nue increase 13 percent to $ 1.41 billion, thanks to gains in DVD sales and TV license revenue. Affiliate revenue, the money that cable TV providers and others pay to carry Viacom's content, grew 19 per-c ent worldwide to $971 million, reflecting higher rates and a growth in digital distribution revenue. The latterr efers to money from Netflix a nd other online video companies that pay Viacom to show its older TV shows. On N etflix, this includes kids' s hows such as "Yo Gabba Gabba" and "SpongeBob S quarePants," as well as "Jers ey Shore" and Comedy Central's "The Sarah Silverman Show." A deal with Netflix also helped boost CBS Corp.'s earnings higher in the most recent quarter, an indication that old-style media heavyweights are benefiting fromd eals with the newer crop of o nline video companies. Theatrical revenues were lower, mainly because of the timing of film releases. The blockbuster "Transformers: Dark of the Moon" was released late in the quarter som ost of the money it is making will be counted in the current period. The movie has beat "The Hangover Part II"t o become the top-grossing m ovie in the U.S. so far this year. Worldwide, it has made more than $1 billion in the b ox office so far. V iacom's widely traded Class B shares rose 83 cents, o r 1.9 percent, to $44.93. S hares have traded in a 52week range of $30.39 to $52.67. BUSINESS PAGE 6B, MONDAY, AUGUST 8, 2011 THE TRIBUNE THE VIACOM LOGO is shown at Viacom headquarters in New York. (AP VIACOM FISCAL 3Q EARNINGS GROW 37%
BUSINESS T HE TRIBUNE MONDAY, AUGUST 8, 2011, PAGE 7B NEW YORK A ssociated Press U.S. INVESTORSwill have their first chance Monday to react to Standard & Poor's decision to strip the U.S. government of its top credit rating. But the bigger issues facing Wall Street and stock markets worldwide remain debt-ridden countries in Europe and concerns that the globa l economy is weakening. The downgrade of U.S. long-term debt from AAA to AA+ wasn't unexpected and may have little impact on interest rates. But it's the kind of news that stock markets don't need when investors are nervous. Asa result, financial analysts interviewed Sunday said they expect markets to be volatile this week and beyond. That view was echoed by former Federal Reserve Chairman Alan Greenspan, who appeared on NBC's "Meet the Press" Sunday and said he expected the stock market slide to continue. Beyond the downgrade, though, investors have plenty of reason to be selling. Last week, the Dow Jones industrial average fell nearly 700 points, or 6 percent. Investors were worried because the economic signals in the U.S. and overseas were pointing toward trouble: On July 29, the government dramatically lowered its estimate of how much the economy grew during the first quarter. It had said the economy grew at an annual rate of 1.3 percent, but revised that number down to 0.4 percent. That meant the economy barely grew. Second-quarter growth w as also weak, a 1.3 percent rate. The first reports on the economy during the third quarter have been mixed. Manufacturing, which helped pull the economy out of the recession, fell to its weakest level since July 2009. That was the month a fter the recession officially ended. The Labor Department said 117,000 jobs were created last month. But that came after 99,000 jobs were created in May and June combined and 250,000 new jobs are needed each month to reduce unemployment. European officials are trying to help Italy avoid the kind of bailouts that Greece, P ortugal and Spain were forced to accept to prevent them from defaulting on their debt. And those bailouts haven't solved all the problems in those countries. To investors, the downgrade made it all worse. "We are in unchartered territory and, therefore, should all brace for volatility over a number of days if not weeks," said M ohamed El-Erian, CEO and co-chief investment officer of the bond mutual fund company PIMCO. Downgrade Greenspan noted that S&P had "hit a nerve" with its downgrade. The ratings agency said it was lowering the U.S. rating not just because of the country's debt load, but because S&P doesn't believe Congress has the ability to resolve the country's debt problems. And it warned that another downgrade could be forthcoming. On Saturday, David Beers, S&P's global head of sovereign ratings, said his agency was concerned about "the degree of uncertainty about the political policy process" in Washington. S&P was looking for $4 trillion in budget cuts over 10 years. The deal that Congress passed on Tuesday would bring $2.1 trillion to $2.4 trillion in cuts over that time. S&P said it was also concerned about the ability of Congress to implement those cuts b ecause of the division between Republicans and Democrats. "Right now, the markets don't believe anybody anywhere and the uncertainty premium is very high. Since the end of World War I, the United States has been an unquestioned AAA credit, until now," said David Kotok, chairman and chief investment officer of Cumberland Advisors. I nvestors are worried about debt not only because countries and many people are overwhelmed by it. Debt is what financed economic growth for decades. Now countries and people are cutting back on debt deleveraging is what economists call that process and that means economic growth in the future will be slowe r. Economists had widely expected the U.S. economy to pick up in the second half of the year after its soft patch in the spring. But the stock market, which looks six to nine months ahead, doesn't see an improvement until well into 2012. They may get more insight on Tuesday. The Federal Reserve holds a regularly s cheduled meeting on the economy and interest rates. It's expected the central bank will state that interest rates will need to remain at their current low levels for at least another year. Even with this bleak outlook, some analysts see a chance for stocks to rise, at least in the short run. The stock market could recover next week if European leaders make progress in averting another debt crisis in that region, said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. Still, even if stocks do rise, there are so many economic and political problems to be resolved that any rally may well be very short-lived. DR. ALAN GREENSPAN former chairman of the Federal Reserve, speaks on NBC's "Meet the Press" in Washington, Sunday. Greenspans aid he expects the stock market slide to continue Monday in the wake of a decision by credit rating agency Standard & Poor's to downgrade the U.S. credit rating. He said it will take time for the markets to bottom out, but he said he sees no risk in investing in the United States and says that S&P's downgrade won't change that. N BC News, William B. Plowman / AP EXPERTS PREDICT VOLATILE MARKETS THIS WEEK
T T H H E E S S T T O O R R I I E E S S B B E E H H I I N N D D T T H H E E N N E E W W S S M M O O N N D D A A Y Y , A A U U G G U U S S T T 8 8 , 2 2 0 0 1 1 1 1 By NOELLE NICOLLS Tribune Staff Reporter firstname.lastname@example.org N N I I C C O O L L L L S S : : What do you mean by the past is not the past? What does that have to do with Columbus and the Bahamas? L L A A M M M M I I N N G G : : Well when I say the past is never really past but remains one way or another alive and very active in a lot of ways, in the way we behave, what I am getting out of that is that people think sometimes when there is an event it is over and dead and it has no repercussions, where I think there is a certain continuity in time. I am not too sure what is the longevity of an event, but if you take for example the sto ry of how the region begins in its post-Colonial, post-Columbian era, I say post-Columbian because we sometimes forget there is a very long, long history of peoples here before Europeans arrived. I mean the Caribbean is really a project, an enterprise in which Europe erected a great edifice of institutions, and they erected those institutions on the base of African and later Asian labour located here in the Americas. Now, one of the earliest institutions, beginning in the latter 16th, early 17th century is the plantation. The plantation is a very hierarchical structure. I use that as an example, because 3-400 years later, it is still clear to me from observing daily behaviour the way in which the lega cy of that plantation hierarchical arrangement has persisted in the behaviour of peoples in this region from the Bahamas right down to Guyana. But the example to me that is most outstanding, the legacy that remains most persistent is the planting of race; the hierarchical nature of something called races; the convic tion of a group of their inherent superiority and their capacity to in a way impose that conviction on all others. That was so in the 17th cen-t ury; it was so in the 18th century; it was so in the 19th century; it was so in the 20th century, and to a largeextent we are still living with it at the beginning of the 21st century. Even in situations, which is nearly all situations, where Europeans, (Euro-Americans dants constitute a numerical minority in this area, they have succeeded somehow in being able to usually own and if not own, control the material base on which the rest of the society lives. This is what I mean really by the persistence of the past. And in a way, they have encouraged the creation of a psychology in which the people who are the causalities of this experience become complic it in it through their denial. There are a number of black people in my own experience who get very upset when you call their attention to the fact that they are disrespecting black people in a way that is utterly unjustified. And doing that quite often to please or establish their loyalties and their bonds to the people who either employ them or to whom their survival depends. So I think the most profound and pervasive force that has continued to influence social relations in this archipelago is the force of race. Race is a tremendous force. It is experienced in different ways and in different levels, but I know of no territory that has been able to transcend the curse of race planted here from the day Columbus set foot in this region. That is one example of what I mean by the persistence of the past. N N I I C C O O L L L L S S : : In the Bahamas, whenever the question of race comes up, it is usually dismissed by raising a discussion of class, as if to make the argument that race has become less of the mechanism of division and control. And when they reference that they usually draw examples from the governing black political class and business class that have amassed quite a lot of wealth and influence, and connections with the white class whose members are still the main owners of capital and power. Is there a relationship between the race and class issue? L L A A M M M M I I N N G G : : Some people would say for example that race is what you would call a modality of class. That is if you were speaking about differentiation between people, race differentiates and class differenti ates. But the fundamental difference between those is that race always implies an otherness, an other than, and in the early days it was not just an other than, race also implied questions of ontological and biologicalinferiority, between groups of people. Now, that is not new. I mean there is an aspect of that that goes back to the Greeks regarding non Greeks as barbarians, the Romans conquering and seeing whoever they conquer as savages, and so on. Tie it if you like with the very hierarchical nature of the species response to questions of order and obedience. I think in the encounter of Europe and Africa it became most extreme. It was a profound rupture in a mode of perceiving people who did not look like you. In many ways that mode of perceiving has not changed. It has been modified, but it hasnt changed. And what I would want to emphasize, while there is a tendency to see that mode of perception as victimizing non-white people, the people who are even more profoundly damaged by that are the victimizers. I think that white people suffer an almost incurable distortion of consciousness, of awareness, of a kind of blindness to the realities in which they live, (moreso ple. So the notion that there is victim without a victimizer is mistaken, and race has in fact stifled the imagina tion and intellect of white people. It has prevented white people from investing themselves, from reflecting on themselves and that is not at George Lamming: On Race George Lamming of Barbados is a world renowned scholar, writer, critic and educator. Lamming, chosen as the 2004 Distinguished Lecturer at the University of the West Indies, is currently Visiting Professor in the Africana Department at Brown University. Lamming, author of six novels, describes himself as a political novelist and has been closely involved in the political and cultural events of the Caribbean and Commonwealth over the last 50 years, remaining an astute critic and commentator on political, historical and cultural events. He exploded onto the literary scene in 1953 with his first novel In the Castle of My Skin, about a Caribbean childhood and the realities of colonialism. It remains the most widely read of West Indian novels. Conversations with WORLD RENOWNED scholar, writer, critic and educator George Lamming. S S E E E E p p a a g g e e 1 1 0 0 B B
all by accident. The place I can speak about is Barbados. The white population in Barbados has never succeeded in producing an intellectual class. It is a class that has always been skilful at the management of money and so on; outside of that it is pathetic; its capacity to reflect and to create. And I think that holds true for much of the region. You just establish, who are the outstanding figures constituting an intelligentsia anywhere across this Caribbean and it is not going to be amongst the white class es of this society at all. N N I I C C O O L L L L S S : : There is such sensitivity in the Bahamas towards race. I can just hear people now. There is a tendency to say, why are we still on this race question? The thinking is that we are all Bahamian people; we are an integrated society, and race is not relevant anymore; this particularly would come from a white person. People would quickly call your analysis racist. I think an understanding of how there is continu ity from the past is important in light of those perceptions. L L A A M M M M I I N N G G : : I dont think you take that seriously, because it is usually somehow, some explanations to justify how one is, and so on. I would dismiss that. But what I would want to emphasize is that I dont think people talk about race seriously. Race gets talked about within the con text of either abuse or the context of defending, I am not racist, You are racist, and so on. And that is a very frivolous way to talk about race. I think race should be a subject on the curriculum in schools. I mean you should study it as a part of sociology; how does it turn up in the discipline of anthropology; how does it turn up in the discipline of (history serious subject. It is not just an epithet or an accusation. It is a material force that has influenced the lives and the evolution of our institutions. Certainly in Western culture, there is no question about that and it should be studied as such. One shouldhave serious courses at all levels, beginning very early. How does one look at the origin, the history and the evolution of this concept of race and the different ways in which it has been practised in different societies. We need to study it, not as a question of accusing (anyone of being racist looking at how it works; look ing at how some societies have succeeded in reducing the influence of race. The society I think about within the Caribbean that had to battle with that and made the greatest success at it was Cuba. Before 1959 Cuba was a racist society. The history of racism in Cuba is substan tially no different than what it was in Barbados in the feudal period. The Cuban revolution targeted race among other things as one of the afflictions that had to be dealt with in the society. Now I would not say they succeeded in extinguishing it, but what they succeeded in was making people aware that the one thing you cannot do in the name of transforming the society is to mess with that. It was put on the agenda. We tend not to put it on the agenda, but to have it forced upon us as an accusation that we defend. It must be studied as a very serious phenomenon at work in our social relations and not in that frivolous way of I am not racist, because what cannot be denied is (the presence of a racial consciousness). We must make a distinction between (racism and a racial consciousness). N N I I C C O O L L L L S S : : What is that distinction? L L A A M M M M I I N N G G : : There is no West Indian, nobody born in this Caribbean, I dont care whatever your colour, whether you are white or black, yellow, or whatever it is, who is without a racial consciousness. That has to be distinguished from being racist. A racial consciousness means that because of the institutions which provided you with tutelage, your way of perceiving people has always been through the filter of a racial perception. You walk into a restaurant and you spot a man, but the first thing you spot about him is that he is a black man in this hotel. Now if it is a hotel where there is a predominance of white people, it starts going through your head, I wonder who he is; he does not look like a worker here. If you reverse it and you are in a place where the overwhelming majority of the people are non-white, if a man walks in who is white, the first thing you see is the whiteness of that man, and you wonder, oh, how often does he come here and so on. This is what I mean by a racial consciousness that is to be distinguished from being racist. It does not mean that in either case you are going tot ell him to get out of here, or you are not going tospeak to him, not at all. It is simply that your consciousness registers this presence in that particular way before you begin to examine the meaning of what you have seen. Our society has given us institutions which shaped our consciousness in that way. That cannot be denied. Anybody who tries to deny that is saying I am with out senses; my senses do not register anything when I move around. N N e e x x t t w w e e e e k k , o o u u r r c c o o n n v v e e r r s s a a t t i i o o n n w w i i l l l l b b e e o o n n I I n n d d e e p p e e n n d d e e n n c c e e . INSIGHT PAGE 10B, MONDAY, AUGUST 8, 2011 THE TRIBUNE Conversations with George Lamming: On Race Share your news The T ribune wants to hear from people who are making news in their neighbourhoods. Perhaps you ar e raising funds for a good cause, campaigning for improvements in the ar ea or have won an award. If so, call us on 322-1986 and share your story. INSIGHT For the stories behind the news, read Insight on Mondays F F R R O O M M p p a a g g e e 1 1 B B
By BRENT STUBBS Senior Sports Reporter email@example.com RANDOLPH Swaby, one of the prominent figures in local basketball for a number of years, passed away around 2:30pm Saturday at the Princess Margaret Hospital after an illness with Alzheimers. At the age of 78, Old Man Swaby as he was affectionately called in his latter years, left behind eight boys, including a few who have tried to keep his legacy alive in both administration and coaching. One of those sons, Anthony Swaby, said his fathers commitment to the sport of basketball, especially in t he womens division, was one that h as kept him at the point where he wants to continue giving back more and more. Hes the one want responsible for me being in this mess called coaching than anyone else, said Anthony, who spoke on behalf of his brothers, Patrick, Jeffery, Randy Jr, Michael, Kevin and DJ Swaby, all of whom at one time or the other dabbled a bit into coaching as well. He was like a lot of other people in sports in this country, unfortunately his contribution will not be recognised now that hes gone. He w as one of the major players in bask etball, along with the late Vince Ferguson. People dont realize that. In addition to basketball, the late Swaby also possessed a wealth of talent in other areas. He was an accomplished musician, who played in the Catholic marching band with the late Roderick Simms and was a former choir director for Our Ladys Catholic Church. He taught all of his sons that hard work might leave you tired, but it wont kill you, said Anthony of one of the greatest lessons he got from his deceased father. I think we are all a product of h is tough love upbringing. In his earlier days in coaching, the elder Swaby started out with the Warriors Basketball Club that was first sponsored by Commonwealth Bank. Among some of the players he coached were Gilbert Moncur, Freddie McKay and brothers, Godfrey Slanks and Felix Fly Musgrove. Trio are on track T HETRIBUNE SECTIONEMONDAY, AUGUST 8, 2011 INSIDE TRAK T T U U R R N N T T O O 3 3 E E . . . T T U U R R N N T T O O 3 3 E E . . . T T U U R R N N T T O O 3 3 E E . . . BAHAMAS FALLS IN THE BRONZEMEDAL GAME GOLF: NATIONAL TEAM SLIPS TO SEVENTH IN STANDINGS SUMMER OF THUNDER COLLEGE SCRIMMAGES ALL SET STEPANEK UPSETS MONFILS TO WIN TITLE CBC WOMENS CHAMPIONSHIPS: BAHAMAS VS. USVI PHOTO HIGHLIGHTS T T U U R R N N T T O O 7 7 E E . T T U U R R N N T T O O 4 4 & & 5 5 E E . . . B y BRENT STUBBS S enior Sports Reporter firstname.lastname@example.org W ith the 13th IAAF World Champi onships in Athletics fast approaching, three Bahamian athletes got a chance to continue their preparation for the biggest meet on this years calendar. At the Samsung Diamond L eague in London, England, over the weekend, veteran Debbie Fer guson-McKenzie struggled to get through the sprint double. One day after she had to settle for fourth place in the womens 200 metres, Ferguson-McKenzie failed to advance out of the two heats of the 100m on Saturday. Her time of 11.56 seconds in the first heat was only good enough for sixth place. American Carmelita Jeter, who won the heat in 11.00, went on to take the final in 10.93 over Trinidad & Tobagos Kelly-Ann Baptiste (10.97 ond heat in 11.22. While her focus this year is on the half-lap race, FergusonMcKenzie has failed to crack the ranking for the Samsung Diamond League with just one last meet to go in the eight-race series. On Friday in her specialty, Ferguson-McKenzie clocked 22.88 for her fourth place in the 200 that was won by American Bianca Knight in 22.69. Also Saturday, Grand Bahamian Donald Thomas cleared 2.31 metres for fourth place in the mens high jump, but his performance didnt allow him to climb into the Samsung Diamond League standings. Russian Andrey Silnov won the event with a leap of 2.36m, fol lowed by American Jesse Williams with 2.34m and another Russian Aleksandr Shustov with 2.31m. The other Bahamian competing in the meet was Eleuthera native Chris Fireman Brown, who had to settle for third in a hotly contested mens 400m on Friday. In a regional sweep of the top four spots, Brown ran 45.04, the same time as American fourth place finisher Angelo Taylor. Grenadas Kirani James produced the world leading time of 44.61 for the victory with Jamaican Jermaine Gonzales taking second in 44.85. Through the first seven meets, Brown is now sitting in second place in the Samsung Diamond League with six points, the same as American Jeremy Wariner. Gonzales is out front with nine points and James is tied for fourth place with Americans Calvin Smith and Taylor, all with four points. The last of the Diamond League meets will be the Memor ial Van Damme in Zurich, Brussels, on September 16. The meet will come at the conclusion of the World Championships, scheduled for August 27 to September 4 in Daegu, South Korea. Basketball icon Old Man Swaby dies at 78 By RENALDO DORSETT Sports Reporter email@example.com FOLLOWING an opening day win, Team Bahamas struggled for much of the remaining contests in their role as hosts in the 2011 CBC Championships for Women. The Bahamas closed out the tournament with four consecutive losses, including last nights final game against the tournament's only undefeated team and regional powerhouse Cuba. The Bahamas lost in the tourna ment finale 85-54 last night at the Kendal Isaacs Gymnasium. Outmatched from the game's outset, Cuba built an early 20-10 lead at the end of the first quarter and nev er relinquished the advantage. Phylicia Kelly led the Bahamas with 15 points and six rebounds, Malesha Peterson added 10 points, while Roberta Quant added nine. Taimy Martinez finished with 22 points while Clenia Salzar added 18 points and 13 rebounds to lead Cuba. On Friday, the team lost 67-61 to the USVI and followed Saturday with a 73-54 loss to the Dominican Republic. Phylicia Kelly was the lone bright spot for Team Bahamas with 21 points, eight rebounds and four assists. Cuba blows away Bahamas, 85-54, in tournament finale B B A A S S K K E E T T B B A A L L L L S S E E E E p p a a g g e e 3 3 E E S S E E E E p p a a g g e e 2 2 E E FANTASTIC FOUR: Carmelita Jeter of the US (second left wins the final of the 100m in the Diamond League meet at Crystal Palace stadium in London on Saturday. (AP Photo
Anastacia Moultrie-Sands added eight points and five rebounds while Latoya Thompson finished with seven points. Andreina Paniagua led the Dominicans with 19 points, Carmen Guzman added 15 points, six rebounds and nineassists while Seguiry Sierra finished with 12 points and seven rebounds. The Bahamas managed just three field goals in the opening quarter and a 2-0 lead after the game's opening basket would turn out to be their only advantage of the game. The Dominican Republic led 13-8 at the end of the first quarter and took their first lead of double figures after a 5-0 run to open the third. They won the second quarter 20-14 and took a 3322 lead at the half. The Bahamas was able to trim the deficit to just four points into the third quarter. However, a dominant final period from the Dominican Republic put the game well out of reach. They took the fourth quarter 28-13 and led by as much as 22 en route to the lopsided win. SPORTS PAGE 2E, MONDAY, AUGUST 8, 2011 TRIBUNE SPORTS Cuba blows away Bahamas P h o t o s b y T i m C l a r k e / T r i b u n e s t a f f F F R R O O M M p p a a g g e e 1 1 E E US Virgin Islands beats Bahamas 67-61 GAMETIME: US Virgin Islands beat Bahamas 67-61 in the womens Caribbean Basketball Championships at Kendal Isaacs Gymnasium Friday night. SEE MORE PHOTOS ON PAGES 4 & 5E ON ICE: Team Bahamas Diasti Delancey on the bench with ice packs on her ankle and back.
By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org THE Bahamas Golf Federations national team returned from the 55th Caribbean Amateur Golf Champi onships in Trinidad & Tobago, having slipped to seventh place in the standings for the overall Arthur Ziadie Trophy. While Trinidad & Tobago retained its title with 151 points, holding off a strong push from Puerto Rico (147 the Bahamas ended up tied with the OECS with 76, two shots behind the Cayman Islands (78 Caicos Islands brought up therear with just 38 points. The Bahamas best show ing came in the Higgs & Higgs Trophy for super seniors where the team of Grand Bahamian Vernon Wells and Oswald Moore shot a 301 (7077-78-76) for fourth place. Puerto Rico won the divisional title with 289. The next best showing came from the Francis & Steele-Perkins Cup for the mens senior division. The combo of Grand Bahamian George Swan and Paul Bowe shot rounds of 74-75-79-78 for a 306 and fifth place. Trinidad & Tobago won the divisional title with scores of 70-61-76-69. The team of Grand Bahamian Chris Harris and Peter McIntosh had to settle for sixth place in the Ramon Baez Trophy for mid-amateurs after they finished evenpar with rounds of 69-70-7075 for 284. Trinidad & Tobago were 13-under-par for the division al title. And in the Hoerman Cup for regular players, the team of Ivan Butler (87-79-81-89 DeVaughn Robinson (76-7873-84), Ben Davis (81-82-7377), Oren Butler (79-74-7887) and Richard Gibson (8578-73-82) shot a combined 1,257 for sixth place. Puerto Rico won with 1,170. The Bahamas didnt have an entry in the George Taele Trophy for ladies, which was won by Trinidad & Tobago with 593. Team manager Ambrose Gouthro said there was mixed reaction on the teams per formance during the course of the four days of competition that ran from Wednesday to Saturday at the Millennium Lakes Golf & Country Club. The senior teams at the beginning were all poised to challenge for the cups and as the events were done and the conditions continued, they just were not able to keep up with the other senior teams seniors and super seniors, Gouthro said. The Hoerman Cuppers are young and their inexperi ence showed up on the first day. They had the jitters, shooting 321, but the second day they calmed down and shot 309, the third day improved to 297 and then on the fourth day, blew their heads off and didnt play that well. Gouthro admitted that the conditions were the same for everybody, but the rain and high winds at times affected the local players more because they were not accustomed to playing in that type of atmosphere. The course was tough, but we just didnt adapt that well to the conditions, he stated. So it was a really difficult time for us. Plus, I felt a cou ple of the younger fellows could have used a couple more practice time, but we didnt get all of or luggage until Tuesday night after the practice rounds were over. So some of the younger guys didnt get to practice with their clubs. Despite the performances, Gouthro said hes convinced that the members of the Hoerman Cup team will be the core of the Bahamas success at the CAGC in the next two to three years. The difference was the fact that although the Trinidad and Puerto Rico teams were fairly young as well, they get great opportunities to play very competi tive tournaments and it showed, Gouthro said. He noted that in his rec ommendation to the federation, he will suggest in his report that the Bahamas must have the players compete very hard for their positions on the team, which means holding at least 3-4 competitive events from now and until next year. And then they need to be able to work harder on their short game because they are now making their drives and they are not able to recover as quickly as they should. As for the mid-amateurs, seniors and super seniors, Gouthro said the federation just has to ensure that the players are properly teamed up so that they can complement each others game better. Gouthro, however, noted that while the team of Swan and Bowe played together from last year, Bowe actually got sick on his arrival in Trinidad & Tobago and had to spend a few hours recovering in hospital. It is what it is, Gouthro said. Theres no doubt that the powerhouses like Puerto Rico and Trinidad & Tobago played very well and we havea lot of ways to go to bring our game up to their level. But in time, Gouthro said hes confident that the Bahamas will regain its prominence in the championship. By RENALDO DORSETT Sports Reporter email@example.com A TOUGH weekend for Team Bahamas ended in their second consecutive loss decided in the games waning moments. The Bahamas fell in the bronze-medal game to the United States Virgin Islands in an overtime thriller (86-83 in the finale of the Centrobasket Under-17 Championship for men in Gurabo, Puerto Rico, last night. Khristin Francis led the Bahamas with 19 points, Lourawls Nairn added 18 points and eight rebounds, Adney Bethel finished with 1 4 points, Mikhail Rolle a dded 13 points and nine r ebounds and Tavario Miller added six points, 16 rebounds and three blocks. A defensive lapse in the third quarter of the semifinal round was all that stood between the Bahamas and a berth to the gold-medal game. In the semifinals, the Bahamas surrendered a tournament high 36 points in the third quarter en route to an 85-78 loss to Puerto Rico. Four Bahamian players finished in double figures, including three with 15 points each. Tavario Miller led the team with 15 points, a game high 20 rebounds, and five blocks. Dwight Coleby added 15 points and nine rebounds, Lourawls Nairn finished with 15 points and seven assists, while Stephen Strachan chipped in with 10 points. Juan Ortiz led Puerto Rico with 23 points, including 5-7 from beyond the three-point arch and Alexander Curet finished with 21 points, seven rebounds, five assists and five steals. The Bahamas led 39-30 at the half and saw a nine-point lead evaporate in the third quarter. The lead grew to as much as 15 when Miller nailed a jump hook to give the Bahamas a 47-32 lead with 6:56 left to play in the quarter. Puerto Rico ended the quarter on a 34-10 run to take control of the game for good. The home team took their first lead of the second half when Ortiz made a threepointer to give Puerto Rico a 53-52 lead and cap a 20-5 run. Over the last two minutes of the quarter, Puerto Rico outscored the Bahamas 13-5 to close the period and take a 66-57 lead into the fourth quarter. A nine-point advantage for Puerto Rico nearly doubledf or much of the fourth quarter a nd a Curet jumper gave his team a 85-68 advantage. With the win, Puerto Rico advanced to face Mexico in the finals as both teams entered the finals undefeated to fight for the gold medal. In other games on the schedule, the Dominican Republic avenged a loss against Puerto Rico that kept them out of the medal round. They beat Panama 79-58, led by Brandon Francis who finished with 20 points, seven rebounds and four assists, and Miguel Dicent who added 16 points. Panama was led by Abid Oses who scored 21 points and grabbed 10 rebounds. With the victory, they earned the right to play in the fifth place game while Panama appeared in the seventh place game. In the second game, Belize defeated the British Virgin Islands 81-74. Belize was led by Devin Daly with 29 points and 12 rebounds. They advanced to take on the Dominican Republic in the fifth place game while BVI was relegat ed to face Panama. In the other semifinal, Mexico topped the USVI, 59-58, in a thriller to earn the right to play in the gold-medal game. Khalid Hart, of the USVI, missed the two free throws with 39 seconds that would have given his team the lead and possibly a berth to the gold-medal game. SPORTS TRIBUNE SPORTS MONDAY, AUGUST 8, 2011, PAGE 3E THE Bahamas Basketball Federation (BBF scheduled to hold its third annual Summer of Thunder college scrimmages at the Kendal Isaacs Gymnasium from August 10 to September 14. Teams from the University of Louisville, Creighton University, Gardner-Webb University, University of North Carolina, Wilmington and Seattle Pacific University are expected to participate. Heres a look at the schedule of games being played: W W e e d d n n e e s s d d a a y y , A A u u g g . 1 1 0 0 Louisville Red vs. White Scrimmage Game #0 @ 7:30pm T T h h u u r r s s d d a a y y , A A u u g g . 1 1 1 1 Louisville vs. Commonwealth Giants Game #1 @ 7:30pm F F r r i i d d a a y y , A A u u g g . 1 1 2 2 Louisville vs Real Deal Shockers Game #2 @ 7:30pm F F r r i i d d a a y y , A A u u g g . 1 1 2 2 Creighton vs. Bahamas All Stars Game #1 @ 9pm S S a a t t u u r r d d a a y y , A A u u g g . 1 1 3 3 Creighton vs Common wealth Giants Game #2 @ 4pm S S a a t t u u r r d d a a y y , A A u u g g . 1 1 3 3 Louisville Red vs. White Scrimmage Game #3 @ 6pm S S u u n n d d a a y y , A A u u g g . 1 1 4 4 Gardner-Webb University vs. Bahamas All Stars Game #1 @ 6pm M M o o n n d d a a y y , A A u u g g . 1 1 5 5 Creighton vs. Cybots Game #3 @ 7pm M M o o n n d d a a y y , A A u u g g . 1 1 5 5 Gardner-Webb University vs. Commonwealth Giants Game #2 @ 9pm T T u u e e s s d d a a y y , A A u u g g . 1 1 6 6 Creighton vs. Real Deal Shockers Game #4 @ 7pm T T h h u u r r s s d d a a y y , A A u u g g . 1 1 8 8 Creighton vs. Commonwealth Giants Game #4 @ 7pm T T h h u u r r s s d d a a y y , A A u u g g . 1 1 8 8 University North Carolina Wilmington vs. Cybots Game # 1 @ 9pm F F r r i i d d a a y y , A A u u g g . 1 1 9 9 University North Carolina Wilmington vs.B ahamas All Stars Game #2 @ 7pm M M o o n n d d a a y y , S S e e p p t t . 1 1 2 2 Seattle Pacific University vs. Commonwealth Giants Game #1 @ 7pm T T u u e e s s d d a a y y , S S e e p p t t . 1 1 3 3 S eattle Pacific Univers ity vs. Real Deal Shockers Game #2 @ 7pm W W e e d d n n e e s s d d a a y y , S S e e p p t t . 1 1 4 4 Seattle Pacific Univer sity vs. Cybots Game #3 @ 7pm Summer of T hunder college scrimmages U-17 Centrobasket Tournament, Gurabo, Puerto Rico Golf: National team slips to seventh in standings Bahamas falls in the bronze-medal game During his later years, he switched to coaching women, including Jackie Conyers and Beryl Eve, some of the top players. His last coaching sting was in 1980 but he did a number of honourary coach ing chores for the newly formed New Providence Womens Basketball Associ ation. Because of his illness, we are relieved because he went away peacefully in his sleep, Anthony said. He was only starting to get worse. At least by going now, he didnt have to suffer anymore. Although hes going to be missed, I think its a blessing for him. It wont be a joyful time when we realize that he wont be around. But hes going to be missed for all that he has contributed to in life. Bahamas Basketball Fed eration president Lawrence Hepburn said they were happy to have been able to hon our and recognize the late Swaby during the womens segment of the Caribbean Basketball Championships, although he wasnt present to receive his award. He made a tremendous contribution to womens basketball, Hepburn stated. When we recognised him, we didnt know that he wasnt going to be there, although he was ill. We learnt that the family was called to his bedside and that he would not have made it through. I think the honour was late, but bet ter late than never. So he was a great loss, not just as a coach, but as a mentor, one who protected the ladies. They all respected him as daddy. Mario Bowleg, one of the rising coaches in the womens division, said he was delighted that he has been able to follow in the footsteps of such a national sporting icon. Swaby was one of the pioneers in terms of womens basketball, one who paved the way that continued through his son, Anthony, and others like myself, Bowleg said. Back in the day, there wasnt that much concern about womens basketball. But I think he was the one who really pushed to get womens basketball to the next level. Both Hepburn, on behalf of the federation, and Bowleg, on behalf of the coaches and players, extended their condolences to the family of the late Swaby. May his soul rest in peace. Basketball icon Old Man Swaby dies at 78 F F R R O O M M p p a a g g e e 1 1 E E