N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Volume: 107 No.218WEDNESDAY, AUGUST 17, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNNY WITH T-STORM HIGH 90F LOW 81F By NOELLE NICOLLS T ribune Staff Reporter email@example.com PETROLEUM retailers v oted unanimously for strike action last night in an emer gency meeting of the gov e rning body. G as stations are expected to be open today. However, with the vote, retailers can exercise their right to strikea t any time. Last night, gas stations around New Providence w ere packed with motorists desperate to fill their tanks ahead of any strike action. Oswald Moore, president of the Bahamas Petroleum Retailers Association (BPRA m embers will move into a cooling off period for the next few days, awaiting notice for the strike to com-m ence. We have borrowed as much money as we can borrow. We have subsidised thei ndustry for as long as we can, and we can no longer do so, said Mr Moore, after the emergency meeting. When retailers strike it means that we will no longer use our funds to buy a product that we have to sell at a loss. Once we strike it means that whenever we break that strike we expect to be in a position to sell our products at a profit, he said. TRY OUR McFLURRY SNICKERS The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM UNDERCOVER OFFICER SHOT BY POLICEMAN ARTSANDENTERTAINMENT H H O O N N O O U U R R I I N N G G A A L L E E G G E E N N D D IAAFWORLDCHAMPIONSHIPS S S U U P P E E R R M M A A N N E E Y Y E E S S M M E E D D A A L L SEESECTIONC SEESPORTSSECTIONE Petroleum retailers vote for Panic at the pumps as motorists seek to fill up ahead of an y action SEE page nine PLP LEADER Perry Christie speaks on radio yesterday. Speaking of the Royal Oasis d eal, Mr Christie said:That agreement, when compared with the other hotel casino a greements in our country, was a shoddy piece of work. By AVA TURNQUEST Tribune Staff Reporter firstname.lastname@example.org THE deal that brought the Royal Oasis hotel to Grand Bahama was the worst negotiated agreement in the history of the country, according to PLP leader Perry Christie. Mr Christie attributed deal negotiations to the FNM administration on a radio talk show yes terday; however, party chairman Carl Bethel maintained the circumstances surrounding Royal Oasis was the shared responsibility of both parties. Mr Christie said: That agree ment, when compared with the other hotel casino agreements in our country, was a shoddy piece of work. He added: I was the Prime Minister that opened it because we won the election in 2002, and you can find from that agreement that much was left out in terms of the corporate guarantees by par ent companies that would ordinarily be in major agreements negotiated by the government. A property management, By SANCHESKA BROWN AN UNDERCOVER p olice officer was shot in the shoulder by one of his colleagues during a daylight operation yesterday afternoon. The incident occurred w hen officers surrounded a h ouse in McCullough Corner, Masons Addition, to serve an arrest warrant on as uspect. When they entered PLPLEADER:ROYAL OASIS DEAL WORST AGREEMENT IN COUNTRYS HISTORY SEE page nine F e l i p M a j o r / T r i b u n e s t a f f SEE page nine By SANCHESKA BROWN HEALTH Minister, Dr Hubert Minnis, yesterday downplayed concerns of malaria and yellow fever as suspected dengue fever cases continue to rise in the New Providence. Dr Minnis comments came after the Progressive Liberal Party said the anopheles mosquito, which transfers malaria, may thrive under the same conditions as the aede aegypti mosquito which transfers dengue fever. Additionally, the PLP said several species of the aedes mosquito transmits the yellow fever virus. Yellow fever is an acute viral haemorrhage disease which causes jaundice. While admitting there is a possibility of malaria, Dr Minnis said the chance of someone contracting the disease is slim. Malaria and dengue fever are trans mitted by two different types of mosquitoes. While there was an outbreak of malaria in Exuma a few years ago, the By SANCHESKA BROWN POLICE shot and injured a man yes terday after he allegedly assaulted an officer and attempted to break into a house. Officers were on routine patrol around 11.55am in Stapeldon Gardens when they saw a man acting suspiciously in Swordfish Drive. Assistant Superintendent Samuel Butler, the officer in charge of the Grove police station, said: One of our patrol units observed the suspect leaving a premises. They proceeded to stop him and as they approached him, he put up a struggle. The suspect then attempted to disarm an officer and was subsequently shot in the leg. ASP Butler said police believe the man was attempting to break into one of the MINISTER DOWNPLAYS MALARIA AND YELLOW FEVER C ONCERNS SEE page nine SEE page nine MAN SHO T AFTER ALLEGED ASSAULT OF POLICE OFFICER AND ATTEMPTED BREAK-IN THE SHELL gas station at Saunders Beach was packed last night.
THE sun had barely dipped below the horizon on Paradise Beach as half a dozen citizens joined members of Atlantis Marine Aquarium Operations team for a unique and beauti ful experience. They gathered roughly 500 yards west of The Reef, to release about 20 baby green turtles onto the sand to begin their life journey in the Atlantic Ocean. Without any coercion or direction, the hatchlings wad dled down the dunes into the ocean and disappeared in the darkness. Mature female green sea turtles (Chelonia mydas an average of 300 to 600 eggs every nesting season, which occurs roughly every two years. The females may come up an average of two or three times per season to dig and deposit clutches of eggs. At Atlantis, a turtle nesting beach adjacent to the turtle lagoon at Beach Tower provides the perfect habitat for the gravid females to deposit their eggs. Because the beach is too small for multiple nests, the Aquarium team has to check the beach each morning during the nesting period (typically May through July), looking for turtle tracks and a disturbed area of sand left by the female the night before so that the nests can be easily located and the eggs can be carefully exca vated. Once the eggs are unearthed, they are removed from the nest and individually marked to ensure proper ori entation. They are then transported to the fish hospital to be counted and incubated in replica of the nest. For the next 60 days or more, the husbandry team meticulously cares for the incu bating eggs by maintaining optimum conditions in the incubators for the future hatchlings. A temperature reading is taken at the nesting site and heat lamps over the incubators in the hospital help maintain the temperature as close as possible to that of the original nest. This year, Atlantis green turtles have laid around 900 eggs but not all of them are fertile. According to Senior Aquar ist Elgin Hepburn, should only a fraction of those eggs hatch, there would be too many turtles to care for. Releasing them to the wild is the best option and a good way to add to the wild popula tion. When the baby turtles, called hatchlings, emerge from the sand in the incubator, we schedule a release within one to two days, depending upon the size of their remaining yolk sack, said Mr Hepburn. It is important to release the turtles soon after they hatch so that they are able to adapt quickly to the natural environment and do what their instincts tell them to do. During the actual release, the little hatchlings are taken toa beach in the late evening as the sun is about to set because this is when they would naturally emerge from their nests. They are placed on the sand and allowed to crawl to the ocean. This is important because it is believed that mature female turtles may return to the same beach from which they initially entered the ocean. As a team, we in the Marine Aquarium Operations Department are very proud and extremely grateful that we have this opportunity to contribute in a small way, to the population numbers of turtles in the wild, he said. Many turtle species are either threatened or endan gered, so it is commendable that Kerzner International's management team allows us to maintain a breeding popu lation of green turtles and release the hatchlings. By having such releases, it is our hope that we are playing our part as a good corporate citizen to ensure that Green Turtles will exist in the waters of the Bahamas for years to come. LOCAL NEWS PAGE 2, WEDNESDAY, AUGUST 17, 2011 THE TRIBUNE I Sdomestic violence taken serio usly in the Bahamas, or does it only b ecome an issue when someone is seriously hurt or killed? F ABIAN FOUNTAIN, college student I don't think they take it as serio usly as they should or as they did back then. I believe it's gotten kind of laid back now because of the numero us instances of domestic situations. It's almost like domestic violence and related situations have become ac ommon thing. "But most of the time, we don't know what's going on in each of these individual cases. Not every matter is the same so it would be good if there were special support groups for vict ims of domestic abuse." JEFFERNIQUE MEADOWS, high school student Well, from what I've seen and what we are hearing and seeing now in the news, it doesn't look so. It's like a ttention will only be given to you when you're seriously hurt or dead. These situations aren't being hand led as they should, especially on the legal system and law enforcement's end. Domestic violence should be treated like every other serious matter o r crime that goes before the police a nd the courts." ANONYMOUS "We wait until something happens o r someone gets hurt before we act a nd as long as it isn't somebody relate d to us, we don't really care. That's m y take on domestic violence." GIA BURROWS, c ollege student What I understand about the d omestic violence dilemma we have in t he Bahamas is that the persons involved, more specifically the victims, f eel trapped in a sense, almost like a hostage. In some cases for example, you h ave a woman living with a man who m ight physically and emotionally a buse her. However, she's hesitant to leave him because he takes care of all her financial needs and he's a secure shelter. When persons, women and in s ome cases men, think about getting out of these situations, theyre thinking about financial security, their children i f they have any, and shelter. Then there are persons who have very low self-esteem, who are alreadya ccustomed to being treated poorly by men from previous relationships or even their fathers when they were growing up. Not all domestic incidents i nvolve husband and wife, boyfriend a nd girlfriend. Sometimes its parents and children. And I have a friend who is in a situation where she is basically trappedu ntil she can fend for herself and it's very unfortunate. There also seems to be a disturbing t rend of Stockholm Syndrome occurr ing, where a hostage begins to and eventually sympathises with their kidnapper due to small acts of kindness. And its really hard to tell what an abuser looks like because in public, t hey can be the most professional, c harismatic, friendly and down to earth person you could ever meet, but they slap their wife and kids aroundb ehind closed doors. On another side, we have young men growing up with poor father figu res who abuse their girlfriends and w ives. And unfortunately they are learning that violence solves every problem they encounter, but it doesn't. So this whole cycle of domestic violence is just continuing to spiral out of control and I think that moren eeds to be done by Social Services in t hat regard. They are lacking, and I know they know that they are lacking, but they need serious financial assis t ance and government support to be able to help victims of domestic abuse." ANONYMOUS "I don't think there's a serious concern about this issue when there should be, especially by the policei n this country. When you call them, t hey tell you straight-up that they 'don't deal with these matters. It's like they react only when something serious happens. They didn't reactu ntil after my mother was assaulted b y my father in the back and I was born premature as a result." ANDREW ALLEN, a ttorney Not at all. I don't think we take t his issue of domestic violence serio usly. The reaction comes only when someone is seriously hurt or worse a nd that shouldn't be. We don't intervene in the problem homes in this country enought o try and assist with the nurturing a nd guidance of the youth. What we do is wait until persons from these broken homes become criminals, harm people and become menaces to society before we act to tackle the issue. Instead of giving so much money for purchasing new police vehicles, it would be better to place more money into the Social Services Department to tackle the issue ahead of time and not after it's out of cont rol." SELANDO THOMPSON, c ollege student I don't think its a social issue that is given priority or focus in the B ahamas. We don't address the situ ation at the core or the beginning stage, choosing to allow it to esca late. I'd like to see practical and effective programmes developed to teach individuals how to deal with anger and stress. But for this to effectively happ en, a lot of professional research and observations would have to take place because not all solutions fit one problem. P EVRA ZONNICLE, court marshall It is only when there is a major breakdown in the family structure that you hear one commenting aboutt his problem of domestic violence. But no, I don't think the issue is t aken seriously and the problem really begins at birth. If a child is properly reared in a caring home where he or she could learn about morals and have Biblicalv alues instilled in them, there would n ever be a problem. There's too little of Sunday school and Bible lessons in these kids lives. More Bible and Sunday school lessons at an early age is my suggestion." ANONYMOUS "I know a friend of mine who was in abusive relationship and she wante d to get out of it. When she told the police about the abuse, they told her that they couldn't get involved. That same night, she got (beaten b adly) and this is the truth. They act like it's no big deal. I'm hoping that proper safe house s can be created for domestic abuse victims. They'd need proper and legitimate counsellors who are t rained to deal with these situations and are able to keep their mouth shut about it too." ATLANTIS MARINE AQUARIUM RELEASES 20 B ABY GREEN TURTLES STREET TALK: FABIAN FOUNTAINJEFFERNIQUE MEADOWSGIA BURROWSANDREW ALLEN DOMESTIC VIOLENCE READY FOR THE SEA: Green Turtle hatchlings in a clutch replica.
B y TANEKA THOMPSON D eputy Chief Reporter email@example.com AN opposition MP has issued a "buyer beware" warning on government's impending BTC public shareo ffering noting that a change in government could affect the value of any shares purchased. F ormer Cabinet minister and Fox Hill MP Fred Mitchell said that with ane lection less than 12 months a way and considering the opposition's insistence that it will wrest management control of BTC away from Cable & Wireless Communications, the value of shares could change should the Progressive Liberal Party become the next government. "Buyers ought to beware," Mr Mitchell told The Tri bune yesterday, adding that the government should inform the public of this possibility in a share offering prospectus. "It will be a matter of nondisclosure in any prospectus on the public offering which does not warn people of a possible changeof government... which may affect the value of their shares. If they do not put that in any prospectus it will fall a foul of the regulations and rules which govern securities." H owever, he quickly added that should the PLP win the next election, the policies they put in place willn ot necessarily devalue the s hares. "We know that the PLP is already on public recordw ith regard to BTC. People who buy shares may not be adversely affected by any change in policy; a changei n policy may mean the shares will increase," said the former foreign affairs min ister. G overnment has given interested firms a September 12 deadline to submit proposals to the Ministry of Finance for the role of advisor on the upcoming public offering. The Ingraham administration has plans to sell nine per cent of the telecommunica tions company, the majority share of which was bought by London-based Cable & Wireless Communications earlier this year. Yesterday Acting Finance Minister Tommy Turnquest dismissed Mr Mitchell's warning, saying that poten tial buyers are aware of the upcoming election. "He (Fred Mitchell do what he wishes. The government, weve made our views known from day one we are not going to be bul lied or rushed, he said. The Mount Moriah MP added that it was too early to divulge specifics on the share offering or say when it will take place. The sale of shares, when completed, will reduce the governments ownership of BTC from 49 per cent to 40 per cent. Mr Turnquest could not say if any companies have applied for the advisor role as yet. Eligible firms must be l icensed by the Securities C ommission and possess a strong track record of prov iding this service either domestically or internation-a lly, directly or through an a ffiliate, said a statement by the Ministry of Finance. The sale of these shares will be exclusively to personso r entities authorised to pur chase shares listed on the domestic side of the LOCAL NEWS T RIBUNE WEDNESDAY, AUGUST 17, 2011, PAGE 3 Man accused of stealing more than $20,000 from employer A BELLOT Road man was arraigned in Magistrates Court yesterday afternoon in connection with four allegations of theft. D'Von Julian Ferguson, 35, was charged with four counts of stealing from Bristol Cellars Group of Companies (BCGC It is alleged that on Wednesday, November 3, 2010 the accused stole $8,057.44 the property of BCGC, which he had access to as an employee of the company. He is further alleged to have stolen $4,044 on November 20; $5,082 on November 22; and $4,261 on November 23. In total, he is accused of stealing $21,444.44 from BCGC. Ferguson pleaded not guilty to all four charges and was granted $9,000 bail with two sureties. He must report to the Carmichael Road police station every Wednesday and Saturday before 6pm. The matter was adjourned to November 11. PLP Leader Perry Christie called on the government to move heaven and earth t o deal with the environmental conditions f uelling the dengue fever outbreak. M r Christie said his party feels cuts to the Department of Environmental Healths budget impacted the governments capacity to act preemptively. He said: I think they were trying to convince us that they took all of the necessary steps. Governments have to be seen as r esponding to a crisis in a way where there is n o doubt that they have mobilised their resources to ensure effective and preemptive action. As health minister in the late 70s, Mr Christie said, he recommended that the government organise an aerial pesticide spray of the entire island. M r Christie said: When I was the minist er of health, we had a tremendous outb reak of dengue fever throughout the C aribbean. They like to talk about me maki ng decisions, but I made the decision. I went to the Cabinet of the Bahamas, headed by Lynden Pindling at the time, andI indicated that the history of dengue fever in the Caribbean was that if you do not stop it quickly it could spread and become the epidemic of which we speak. Mr Christie said that around this time, it w as discovered that the Bahamas is home not only to the mosquito breed which trans mits dengue fever, but also the breed whichs preads malaria. N oting the countrys serious illegal migra tion problem, Mr Christie contended that the threat of a malaria outbreak is real a nd would continue as long as there are p eople who come here by unregulated m eans from countries where the disease is widespread. He said: The government has a continuing, serious obligation to protect the Bahamian people through an effective vector control policy. You have to measure the output and w ork of the government, the productivity o f the government, by the fact that we are c ontinuing to have this challenge. Inconsistent garbage collection was highlighted as a major concern and deterrent to control efforts. Mr Christie said: If youre gonna do vector control by trucks, then you mobilise the entire community to do that, and community b y community, block by block, house by h ouse, you ensure that all of the steps are b eing taken. You can talk until thy kingdom come to p eople but if they are faced with not having t heir garbage collected by a government, then you have a real problem, he said. Police Crime Tip AS A citizen you can assist in the fight against crime. Become acquainted with your neigh bours and act as each others eyes and ears. Establish an active neighbourhood watch and create a bond through ser vice. An active watch will definitely reduce crime and improve your community. For more information on establish ing a neighbourhood watch in your community, contact the National Crime Prevention Office at 302-8430/1 Working together, we can rebuild our community and our nation. By AVA TURNQUEST Tribune Staff Reporter aturnquest@ t ribunemedia.net P ROGRESSIVE Liberal Party leader Perry Christie confirmed that he is still considering taking legal action against a down market tabloid over defamatory reports. The reports linked Mr Christie to convicted drug dealer and murder victim Teron Fowler, and painted his marriage in a negative light. A ppearing on a radio talk show yesterday, Mr Christie said he is still seeking appropriate advice on the claims which host Ortland Bodie t ermed salacious, malicious, and defamatory. M r Christie said: Some things you just cant control so you have t o react and respond in the appropriate way. The feeling is always feeling for ones family and feeling for the fact that out t here, there are some people who believe those t hings, however stupid they are. You have to do your best to ensure that your reputation is such that p eople would know better. He added: I reserve t he right to take whatever action that I am advised that I should take, and t herefore I want to be a ble to make that point k nown, that I am not hesitating. I am most certainly seeking the appropriate advice moving forward. Those of us in public life have families. We ourselves are h ardened against all of t he possibilities, eventu alities of public life peo ple are unfair and somet imes unwise in how they criticise. Mr Christie also noted t hat the "cruel" and "callous fabrications" were published the day after his wedding anniversary. CHRISTIE STILL CONSIDERING LEGAL ACTION AGAINST TABLOID CALL FOR GOVERNMENT TO DEAL WITH CONDITIONS FUELLING DENGUE FEVER PLP LEADER PERRY CHRISTIE SAYS CUTS IMPACTED GOVTS CAPACITY TO ACT PREEMPTIVELY
E DITOR, The Tribune. THE ART OF WAR An ancient Chinese philosopher, Sun Tzu, once opined in his classical polit-i cal tome, The Art of War: To secure ourselves against d efeat lies in our own hands b ut the opportunity of defeating the enemy is provided by the enemy himself... I am not, of course, referring to any sort of violence or actual warfare but rather I am making reference to t he apparent ongoing fratricide which seems to be p laying out within the iconic and once great Progress ive Liberal Party. A number of events and serious omissions on the part of the g overning Free National Movement have presented a wonderful opportunity for the PLP to defeat that party at the next general elections. I am not a partisan of any political faction and the resto f my habits are reasonably good in my own jaundice v iew. As a citizen and a s takeholder in The Bahamas, however, it pains m e when I look around and see just how badly our n ation is being run. It would appear that either our erst w hile home grown politic ians dont know what the hell they are up against ort hey are clueless when it c omes down to bringing relief to our people. If I did not know better, I would have believed that thec urrent Prime Minister and his band of inept and possibly incompetent colleaguesa re setting themselves up for what might well be an inevitable defeat at the polls. The ongoing road works a nd so-called improvements h ave now become a nation al joke and fodder for song writers. Apart from this, the trenches and massive holes all over New Providence, especially within the inner city areas are breedingg rounds for mosquitoes and b y extension the proliferation of suspected cases of dengue fever. Instead of hearing from the Hon Minister of Health or the Minister of the Envi ronment, the FNM trotted out a Minister of State who cant keep the electrical or w ater supplies up to scratch. S everal years ago a Memb er of Parliament in this FNM administration wasc rowing about the national e nergy plan. It is remarkable that not a single word has been uttered about this in recent times but that member is to be seen distributing LED light bulbs! The economy is in the dold rums even if the Minister o f State for Finance may h ave deluded himself into b elieving otherwise. The g overnment says it is now h iring, but I submit that job creation must and should be led by the private sector. Now that elections are around the corner, the Public Treasury will probably be used again to induce potent ial hires to vote for the governing party. In my opinion this is tantamount to the e conomic rape of the ordin ary taxpayer. T he FNM is on the proverbial rope in the arena,b ut the PLP must get its coll ective act together if Bahamians are to be afforded viable and realistic choices. People like GeorgeS mith et al, must be muzz led. The leaking of pure gossip and overt foolishness must stop and be stopped now. The PLP seems to be waiting for the FNM ando thers to unveil their elect oral agendas before they r elease theirs, if in fact they h ave one. This is yet another bone-headed decision by the PLP who should, by now, have come out swinging tactical and strategic body blows on the FNM. Again, I stress that I supp ort neither of the major p arties and I am not interested in any of the others, a t this juncture. All of them, I submit, are jockeying for p olitical power and influence, possibly at the expense of the hapless and gullible B ahamians. In any event, within a m atter of a few short months, if The Master continues to tarry, a general election will be held. Again, if I may, I refer to The Arto f War: Appear at points which the enemy must hast en to defend; march swiftly t o places where you are not expected.... To God then, i n all of these things, be the glory. ORTLAND H BODIE Jr N assau, A ugust 14, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, WEDNESDAY, AUGUST 17, 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 E NGLANDS Prime Minister David C ameron got it right, the late Prime Minister Lynden Pindling got it wrong. I n the wake of last weeks riots the B ritish prime minister declared all-out w ar on gangs. His governments concent ration will be on turning around dysfunctional families. He has recommended t hat every 16-year-old completes a civilian version of national service. At the moment h e is focused on the rehabilitation of 3 0,000 teenagers to combat the moral c ollapse that led to the riots. I n 1989 Sir Lyndens government drafted a national service act that would have made three years of national service mandatory for all Bahamians men and women between the ages of 18 and 35. P rime Minister Cameron on the other hand is focusing on Englands trouble spots broken families and their lawless teenagers. Sir Lynden, under the pretext of dealing with the fall-out of the drug culture on a troubled nation, designed a draft bill that would not only have broken u p homes no exceptions from the draft were made for mothers but destroyed the countrys economy as young busi-n essmen would have been marched into national service. Mr Cameron is concentrating on the g roup that needs attention. Sir Lynden was trying to force the group whose careers had just started and who did not need attention to mix with the underpriv i leged who were the ones who needed the special help. As Sir Lynden himself admitted the p eople in Winton Heights and Fox Hill Creek do not need national service to give their children first hand experience of ouri slandsthey do not need national ser vice to teach them good social habits and solid discipline; they can send them to boarding school for that. T hen why disrupt a young persons career to force them into an inferior service that they did not need? Revealing a s oul that had been scarred by racial prej udice, Sir Lynden told a PLP convention: Ask yourselves if you believe they want their children to rub shoulders with yours; t o really learn how much they share in common; to come to love and appreciate all of the Bahamas, and everyone in it. W hat he did not grasp was that some of his own colleagues sitting in the same con vention hall with him could also afford to send their children to college. Neither did they, like the residents of Winton and Fox Hill Creek, want their sons and daught ers wasting three years of their lives rubb ing shoulders with the less informed and drug addicted just to pacify an older gene rations prejudices. As we pointed out a t the time, young Bahamians of all racial b ackgrounds were coping quite well rubb ing shoulders in their classrooms and on the playing fields. They were forming f riendships that were not possible in Sir Lyndens day, nor were they crippled by t he racial prejudices that had so dwarfed t he thinking of the older generation. N eedless to say, the National Service A ct, 1989 was rejected by thinking Bahamians. That is not to say that pockets of our society did not need national service to save them from an aimless life of crime. But a national service to bring the racest ogether was a waste of human resources. Mr Cameron, on the other hand, understands that discipline has to be restored in Great Britain and the only way to do it is to start with the youth who last week thumbed their noses at authority and set about wrecking the homes and businesses o f their neighbours. He deplored what he called the chilling effect of human rights legislation, which emphasises a personsr ights, but not his equal obligations. As we pointed out in this column last week with every right comes an obligation. However, t odays do-gooders emphasise a persons rights, obscuring their duties in a cloud of dust behind. Every person can demand his rights f rom society, but society can also demand the duties owed it. There are consequences for both sides on non delivery. M r Cameron has vowed to rewrite the human rights rules when Britain takes over the chairmanship of the EuropeanC ouncil in November. As he pointed out these rights laws are exerting a corrosive influence on behaviour and morality in a manner that has undermined per-s onal responsibility. Britain has had as much grief with the influence that Europes politically cor r ect human rights rules have had on its society as many Bahamians complain the Privy Council has had on their desire to hang their own murderers. M r Cameron has vowed that the British will not allow a culture of fear to exist on their streets. T he British have it right. As we grapple with our own problems it would be good to take some pages from Mr Camerons crime prevention book. Citizens have to learn that there are serious consequences when they break the law. FNM omissions have given PLP an opportunity LETTERS firstname.lastname@example.org Cameron got it right; Pindling got it wrong %(51$5'$/&,0(RI 3($5'$/(1$66$8%$+$0$6 NOTICE is hereby given that JUSTE JOHNSON of 138 WEST STREET., NASSAU, BAHAMAS, is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 17th day of August, 2011 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.NOTICE Response from the Straw Business Persons Society to the Ingrahams Administration on the Development of the New Straw Market. EDITOR, The Tribune. THE straw vendors will not be discriminated against! It seems to me that the Ingraham administration has a serious issue with the straw vendors. The straw vendors are being asked to obtain their business license and ensure that their National Insurance contribution is current in order for them to receive a stall in the newly built Straw Market on Bay Street. Since when did this become a prerequisite to relocate an established business to a new premises? Why is there a different demand placed on the straw vendors? A demand that is not common practice to relocate to anew space. Please stop discriminating against the straw vendors. I see this action on behalf of this administration as a deliberate act of abuse. It seems to be a hidden motive to this latest move by this administration. Moreover, we are wondering if this demand to pay National Insurance is constitutional. I just viewed on an international televised station where the United States has implemented a healthcare law which is a mandatory national health plan but it was ruled by a Federal Court that it was unconstitutional for the government to force the people to be contributors. We recognized that our laws are passed and hardly challenged. It just seems as though the drama continues against this innocent group of people who really only want to make a living, feed their families and meet their financial obligations. It is not their intention to be a burden on the Government. But if they are not defended, ultimately, our unemployment rate would increase. It is heart wrenching to see even the seniors of the straw mar ket endure all this chaos. They are the people who helped to build the industry we enjoy today called the straw industry, a phenomenal tourism product. In addition, the straw vendors gave the Government the opportunity to build a straw market. In conclusion, we are calling on the Government to review this matter and consider the people that are involved. Justice and fair play are crying in the streets! We are asking this Administration to give the straw vendors a peaceful, transparent and fair transition (relocation businesses enjoy if they have the need to relocate. REV ESTHER DAWKINS-THOMPSON President Straw Business Persons Society Nassau, August 14, 2011. Straw Business Persons Society response
By NOELLE NICOLLS Tribune Staff Reporter email@example.com ACKLINS residents are feeling a ripple effect from the series of high-profile thefts on the island earlier this year. Stephen Wilson, Acklins Island Administrator, said the community has not fully recovered and everyone is feeling the pinch. A substantial sum of mon ey was stolen from a safe at the office of the administrator earlier this summer, during a holiday weekend. Late last year, some $200,000 was stolen after former island administrator Gregory Knowles and his son were kidnapped. In both instances, the stolen cash was public money sent by the central government to pay salaries and cover public expenses. Now, with no bank and no secure method of storing cash, the flow of money to the island is being hampered by wary officials in Nassau. The island is somewhat stranded. There is no capacity to hold any funding for the island. There is no bank in Ack lins, so we do not have the capacity to safeguard our funds at this time. First of all, we need to secure the compound, the building and the environment there so we can see the funds returned to the island. That not being the case at this point is really hurting the island, said Mr Wilson, who was transferred from Eleuthera to take over the administrators job on July 15. People have to understand that when these sorts of things happen, it affects everybody, even persons who are not on the island. We are trying to make ends meet. It has slowed the pace down in terms of monies reach ing the people, but we are doing our best to remedy the situation, he said. Tribune sources claim police have made little progress on the latest theft, although the investigation remains open. Money allocated to the district in this years budget will b e used to help improve the security situation at govern ment buildings on the island so they can accommodate neces sary transactions, according to Mr Wilson. However, he said, the Acklins community and the wider private sector need to look at opportunities to develop the island in the long term. We also need organisations in the banking industry to come and have a look and see what Acklins is all about, so we dont have to have this kind of cash around. Criminals think a lot and then do a lot. Wherever they believe they can commit a c rime they will venture. We have to be proactive to ensure the mechanisms are in place to at least ease or prevent them from causing further damage, said Mr Wilson. Acklins is relying heavily on neighbouring Crooked Island for support. Although Crooked Island has had its share of similar incidents, it is felt the island is better equipped to keep money safe. The people of Acklins understand what is happening. They need to pull themselves together and say we are not going to allow this lawlessness, said Mr Wilson. By DENISE MAYCOCK Tribune Freeport Reporter d firstname.lastname@example.org FREEPORT A demonstration was staged at the Grand Bahama Power Company on Tuesday to protest the high cost of electricity on the island. The protesters, led by community activist Troy Garvey, picketed at 9am for about an hour in front of the companys headquarters on the corner of Pioneers Way and the Mall Drive. D rivers honked their horns in support as the group marched along the sidewalk carrying placards with messages such as: No need for greed and Government, where are you? Mr Garvey said residents and businesses are struggling to pay their monthly power bills due to the high fuel surcharge being imposed by the power company. People on Grand Bahama are being oppressed by this company which continues to b leed the pockets of hardworking Bahamians, he told The Tribune. We have come here to say we will not stand for this any longer. Mr Garvey said he intends to put three resolutions to the company which were discussed at a town meeting on Monday evening at the Y MCA: the elimination or reduction of the fuel surc harge an end to the disconnection for non-payment policy the implementation of a more reasonable payment plan for customers with outstanding bills Mr Garvey noted that the company has a m onopoly on an essential public service, which, he said, should not be operated strictly for profi t at the expense of the public. This company is charging far more than oth ers in the region and they are not giving us the quality of service that we ought to have, he said. Rev Glenroy Bethel and other local pastors turned out to show their support. Rev Bethel stated that many people are living in the dark because their electricity has been turned off. As pastors, we go out in the community and many people's homes are in the dark and they cant feed their children because they have no power in their homes, he said. This is wrong and it is something that has been going on for a while, and people are fed up and tired of it. The high cost of power is affecting everyone on the island, he said. A senior citizen who took part told The Tribune he has no money left to buy food after paying his power bill. I collect a $200 cheque for pension from National Insurance every month, but it is all gone after paying my light bill, he said. Rev Bethel said the Grand Bahama Port Authority and the government are to blame for allowing this situation to develop. We are speaking out against what is happening here and we will not stop until it reaches parliament because there needs to be a change here in Grand Bahama. The Power Company pays no taxes on the fuel it imports to the island, and so there is no reason why they should impose high rates on the people in Grand Bahama, he said. Last Friday, the company issued a public statement explaining the fuel surcharge. It said the company has been granted regulatory approval for a three-cent hike in the surcharge to cover the cost of rental units brought in to provide supplemental power for the highdemand summer months. About 54 mega watts (MG sourced in order to improve reliability and ensure that the company is equipped to meet the summer load, it said. The company explained that around 60 per cent of its expenses are derived from the cost of fuel. "With the unpredictability of world oil market prices, customers have seen fluctuations in the fuel surcharge component of the bill that has left many confused. We thought it would be beneficial to customers if we took some time to really explain the surcharge and the implications for them, said Whitney Heastie, GBPC vice president of generation. The customers' bill is made up of two compo nents: the base rate and the fuel surcharge. The base rate or tariff is the consistent, set cost established by the regulator. The fuel surcharge is a calculated cost that varies each month based on two factors fuel cost and equipment efficiency. The company also expressed sympathy over the economic conditions their customers are facing, and advised Grand Bahama residents who have difficulty paying bills to visit the headquar ters and see a customer service representative to discuss payment plan options. T HE TRIBUNE WEDNESDAY, AUGUST 17, 2011, PAGE 5 0RQWKV)UHHZLWK\HDUOHDVH 3OXV)UHH+DXOIRUERDWVXSWRIW +DUERXUVLGHDULQH 'RFNVDUHFRQYHQLHQWO\ORFDWHGRQ(DVW%D\WUHHW +LJKXDOLW\)ORDWLQJFHPHQWGRFNVWKLVPDNHVLWVDIHU DQGHDVLHUWRERDUGERDWVZLWKPLQLPXPVWUHVVRQGRFN OLQHV 6HD*XOOGHWHUUHQWV\VWHPNHHSVERDWVFOHDQ :HDOVRRIIHUKDXORXWVHUYLFHVIRU\RXUERDWDW FRPSHWLWLYHSULFHV /RZHVWULFHVLQWRZQ (PDLOVDOHV#KEVPDULQHFRP 'RFNV)RUHQW 1HZ'HQ\R.9+'LHVHOKDVHJHQHUDWRUZLWKDXWRPDWLFWUDQVIHUVZLWFK 7KLVLVDYHU\KLJKTXDOLW\JHQHUDWRUDWDJUHDWSULFH &DOO+DUERXUVLGHDULQHDWRUHPDLOVDOHV#KEVPDULQHFRP THEBAHAMAS VERYOWNSTREETPHILOSOPHER ACKLINS STRUGGLES AFTER HIGH-PROFILE THEFTS LOCAL NEWS P ROTEST AT GRAND BAHAMA POWER COMPANY PROTESTERS gather outside of the Grand Bahama Power Company yesterday.Photo/ Derek Carroll
LOCAL NEWS PAGE 6, WEDNESDAY, AUGUST 17, 2011 THE TRIBUNE T ROPIC Ocean Airways, a priv ately owned charter airline based in Miami and Key West, Florida has brought seaplane flights back to Bimini for the first time in more than five years. Tropic Ocean flights take off from the clients choice of South Florida locations including the f amous Miami Seaplane Base on Watson Island, Fort LauderdaleHollywood International Airport and Fort Lauderdale Executive Airport. The seaplane lands in Alice T own harbour after a 30-minute r ide across the Gulf Stream. Aviation has become dull and r outine, but flying in a seaplane at l ow altitudes makes flying fun a gain, said Rob Ceravolo, a US Navy pilot and TOPGUN graduate who founded Tropic Ocean Airways in early 2011. If you are heading to Bimini to dive, fish, go boating, or chill out at one of the resorts, getting there can be part of your vacation exper ience rather than just a means to an end, he said. Tropic Ocean Airways also offers scuba diving and fishing adventure packages in the Florida Keys, custom charter seaplane f lights from South Florida to all p oints throughout the Keys, and scheduled air shuttle service b etween the Miami Seaplane Base a nd Key West International Airp ort. Seaplane shuttle fares start at $199 per person each way. The flight between Miami and Key West takes about an hour and gives you a birds eye view of all the road traffic you are missing, Ceravolo said. You arrive r efreshed and ready to enjoy the best of Key West. Beginning in October, 2011, Tropic Ocean Airways announced that it will hold a Get Off the Rock promotion with discounte d fares for Key West residents w ho want to fly to Miami for shopping, dining and entertainment. T he air carrier also announced it w ill offer special rates for major e vents such as Key West Fantasy Fest in late October. Fare specials and updates are posted regularly on www.flytropic.com. No matter where they are headed, Tropic Ocean Airways said that thanks to its eco-friendly pract ices, passengers can feel good about the smaller environmental footprint left by their seaplane flight. The air carrier said it reduces seaplane emissions by utilising spec ial fuel injectors and a high-tech f uel monitoring system; recycles all fuel drawn for pre-flight checks, a nd uses biodegradable anti-corr osion products in accordance with F AA regulations. Tropic Ocean Airways stays carbon neutral by purchasing carbon offsets for each flight segment from award-winning green business solutions provider TerraPass, noted the company in a statement. The carrier said it currently o perates a four-passenger Cessna 206 Amphibian seaplane, and plans to expand both its fleet and regional coverage in 2012. There has been no regular seaplane service between Bimini and S outh Florida since the 2005 crash o f Chalks Ocean Airways flight 101 off the coast of Miami Beach, w hich killed all 20 aboard. M IDSHIPMEN Ronald V ilsaint, Brian Young Jr, Algernon Newton and Denzel Marche became then ewest additions to the officer corps of the Royal Bahamas Defence Force after successfully completing a rigorous training course in England. The seven month Royal Y oung Naval Officer Traini ng Course, which is designed to prepare n aval/military cadets for l eadership and management p ositions, was held from January 10 to August 4 at Britannia Royal Naval College (BRNC m outh, England. At BRNC, the four young officers weres chooled on topics such as m ilitarisation, leadership, n avigation, strategic studies, meteorology, ship technologies and sea training. A s a part of Phase One, they sat two leadership examinations Basic Leadership Development (BLD and Assessed Basic Leadership Exercises (ABLE The tests simulated crisis s ituations in order to assess t he candidates critical thinking abilities under p ressure. T he Initial Sea Training P hase took the midshipmen out to sea for 10 weeks. Midshipman Vilsaint was assigned to HMS Bulwark,a landing platform vessel. Midshipmen Young, Newton and Marchet rained aboard the HMS Ocean, a ship capable of s towing and landing helicopters, and launching and recovering Royal Marine landing craft during amphibious assaults. T he vessels stopped in Cyprus and Crete while sailing across the Mediter ranean Sea. T he young officers were o fficially welcomed on their return by Defence Force Commodore Roderick Bowe, who presented them all with a book entitled Naval Leadership Voices of Experience. H e commended the mids hipmen on their accomp lishments and wished them success in their new roles. A 1999 graduate of the R M Bailey Senior High School, Midshipman Vilsaint joined the Defence Force in January, 2004. Hei s married to the former Elaine Joseph. Midshipman Marche is a 2 001 graduate of Saint Augustines College who e nlisted in the Defence Force in August, 2004. Midshipman Young is a 2 001 graduate of St Johns C ollege and he enlisted in the Defence Force in January, 2009. Midshipman Newton g raduated from North Andros High School in 2005 and joined theD efence Force in October, 2007. SEAPLANE SERVICE COMES BACK TO BIMINI LOWALTITUDEJOURNEYMAKESFLYINGFUNAGAIN B AHAMIAN COMPLETES SINGAPORE DISASTER MANAGEMENT COURSE AS THE peak of the hurricane season approaches, the National Emergency Management Agency is working to improve the pool of expertise at its disposal. Part of this effort saw John Nixon, director of safety and security in Ministry of Tourism and Aviation, representing NEMA at the International Disaster Management Programme in Singapore. The Bahamas was one of 17 countries to partici pate in the course, which focused on cutting-edge approaches to risk, crisis and disaster management. Mr Nixon (right tured being congratulated by Koh Tin Fook, director of technical co-operation in Singapores Min istry of Foreign Affairs, and Kwadwo Fremong of the Commonwealth Sec retariat (centre RBDF WELCOMES FOUR NEW OFFICERS TRAININGCOURSECOMPLETEDINENGLAND T HE FOUR MIDSHIPMEN b eing congratulated by Commodore Roderick Bowe. From left: Algernon Newton, Ronald Vilsaint, Commodore Bowe, Denzel Marche and Brian Young Jr. COMMODORE BOWE presenting Midshipman Denzel Marche with a book.
By LARRYSMITH THE area between Lightb ourne Lane and Brown's Boat Basin was once a collection of modest wooden homes, periodically flattened in the early part ofthe 20th century by one h urricane or another. But i n the spring of 1982 an i mpressive new building rose from these ruined lots along East Bay Street. At the time, Banco Ambrosiano's multi-million-dollar, four-storeyo ffice building overlooking the harbour (now owned by Colina Insurance) was saidt o be the island's biggest non-hotel investment ever. It represented an ostentatious display by one of the t op players in the international financial sector a bank with close ties to the V atican. T ribune reporter Athena D amianos was suitably i mpressed following a guide d tour at the gala opening: The wealth and power of Banco Ambrosiano of Milan the largest private bank in Italy and parent of the Nassau bank is strongly evident, she wrote, describing a vast marble s tairway, an impregnable s ecurity system, and luxurious penthouse apartments f or visiting directors. B ack then, Banco A mbrosiano Overseas was led by a flamboyant Swiss banker named PierreS iegenthaler. He was a wellknown man-about town who won international regattas on behalf of theR oyal Nassau Sailing Club, where his custom-built catamaran was berthed. When Banco A mbrosiano opened the d oors of its plush new offices on East Bay Street in April, 1982, Siegenthaler j oked about the lavish a ppointments: We dont have gold telephones, but the style of this organisation is to do things with taste and to do it well...Were going to be here a long, long time. Within four months, S iegenthaler and his 53 e mployees were jobless, a nd their fancy East Bay building was on the auction block. Siegenthaler later spent time in a Swiss prison and died in an alpine avalanche several years ago. Scam B anco Ambrosiano's chairman was a 62-year-old Italian named RobertoC alvi, who himself had a luxury villa at Lyford Cay. Calvi was implicated in a massive scam involving the bank, and soon after an investigation was launched by the Italian authorities, h is body was found hangi ng from Blackfriars Bridge i n Londons financial distict. C alvi's death was one of t he defining events in a complex web of intrigue that stretched from Vatican City to the Bahamas and Latin America, forcing a global crackdown on offshore finance that is stillo ngoing. The investigation also spawned a multitude of conspiracy theories. At the time, the collapse o f Banco Ambrosiano was d escribed as "the gravest crisis in the history of Western banking." And the B ahamas was a key link in a g lobal puzzle that took years to unravel. The scandal began to unfold when Italian auditors uncovered more than a billion dollars in questionable loans made through the banks B ahamas subsidiary to d ummy companies in Latin A merica that were secretly owned by the Vatican bank, which was a principal shareholder of Banco Ambrosiano. Banco Ambrosiano's Bahamas subsidiary had o btained the money for t hese questionable loans from other international b anks, including Deustche Bank, Bank of Brazil, ENI, E uropean Arab Bank, and the Bank of Ireland. Also on the list were local credit ors like SFE Banking, UBS Bahamas, and RoyWest. Calvi was also said to have skimmed funds that he was laundering for the Mafia. And he was found to have bribed Italian presi dent Bettino Craxi, who w as forced to resign and b ecame a fugitive from just ice. F or political reasons, B anco Ambrosiano channeled Vatican money to the Contras in Nicaragua andt o Solidarity in Poland during the 1980s. And the banks managers also siphoned off funds to per-s onal shell company accounts in Switzerland, the Bahamas, Panama and oth-e r offshore havens. In August, 1982 the Nassau subsidiary went into voluntary liquidation. Andl awyer Geoffrey Johnstone, accountant Clifford Culmer and banker Jack Smith presided over one of the longest and most complex wind-ups in history, sorting through more than $230 m illion in claims. C alvi was also connected to a decades-long covert o peration of the Western a lliance called Gladio (from t he Latin for sword). Gladio was set up by the British and Americans after theS econd World War as a network of clandestine cells designed to be activated in the event of a Soviet invasion of Western Europe. Funds Reports say Calvi helped f inance the Italian secret r esistance group by siphon i ng money from Banco Ambrosiano and using the Vatican bank to launder thef unds. Whether as a result of blackmail or ideology, he funneled huge sums to a secretive Masonic lodge known as P2, which was run by one of the Italian coor dinators of Gladio. T he election of the Poli sh cardinal, Karol Wojty la, as Pope John Paul 11 in 1978 led the Vatican bankt o send money in support of the Polish trade union, Solidarity, which eventually brought down that coun t rys communist regime. Much of this money was provided by the Americans as part of their Cold War campaign against the Soviet union. And, of course, there is t he decades-old rumour t hat Pope John Paul I who died in 1978 after just 33 days in office was murdered because he plannedt o investigate the Vatican`s shady financial deals. Calvi's death was initially ruled a suicide, but later investigations determined he was murdered to ensure he could not blackmail politico-institutional figu res and (representatives of freemasonry, the P2 l odge, and the Vatican bank w ith whom he had investe d substantial sums of money, some of it from Cosa Nostra and Italian publicc orporations." In 2005 Italian prosecutors charged five individuals with murder, but they were acquitted three years later due to insufficient evidence. However, the court ruled t hat Calvi was in fact murd ered. A ccording to the local l iquidators, the Bahamian c laims were mostly from l egitimate banks that had deposited funds with Banco Ambrosiano in Nassau to earn better interest. The recovery effort was described as "a massive operation" requiring the co-o peration of liquidators and receivers in several jurisdictions. "In the Bahamas, the l ocal liquidators have e xhausted every effort to trace and recover all of the funds transferred throught he Bahamian subsidiary and return those funds to the creditors," according toa recent statement. To date 9 4.5 cents in the dollar has been recovered and distributed to creditors of the Bahamas subsidiary, andt he liquidation will be finalised this year. In 2008 Italian magistrates initiated a proceeding before the Bahamas Supreme Court under theC riminal Justice (International Co-Operation) Act and obtained an Order for the examination on oath of the liquidators regarding the disappearance of the assets of the Bank and its r elated entities. A ccording to the liquidators, "no evidence was p roduced which would sugg est that there were any f unds remaining in this jurisdiction, or indeed any other funds which were notp ursued by the Bahamian liquidators. In 2010 a request for fur ther information was made to the attorney general in Nassau, which the liquida tors said amounted to a" fishing expedition" that c ould not succeed under B ahamian law. T he two surviving B ahamian liquidators l awyer Sir Geoffrey Johnstone, and accountant Clifford Culmer, now in their 70s and 80s are only now nailing down a final settlement after almost 30 years work. Their partner, bankerJ ack Smith, died a few years ago. Colin Callender remains the group's lawyer. "If I knew then what I k now now I never would h ave accepted the job," Sir Geoffrey told Tough Call a few years ago. "It took ah elluva lot of our time." But unfortunately, the mystery of Calvi's death will likely never ber esolved. What do you think? Send comments to l email@example.com Or visit www.bahamapundit.com PAGE 8, WEDNESDAY, AUGUST 17, 2011 THE TRIBUNE How much money does government plan to spend on the overhaul of BEC's generators? $30 million THE BANCO AMBROSIANO SCANDAL VALLEY BOYS lead costume paster Rondon McKenzie prepares Junkanoo sheets for this years Box ing Day Parade. Despite the event being over four months away, a significant amount of preparation time is needed for groups to impress on Bay Street. Tim Clarke /Tribune staff JUNKANOOPREPARATIONSSTARTEARLY F F o o r r p p o o l l i i t t i i c c a a l l r r e e a a s s o o n n s s , B B a a n n c c o o A A m m b b r r o o s s i i a a n n o o c c h h a a n n n n e e l l e e d d V V a a t t i i c c a a n n m m o o n n e e y y t t o o t t h h e e C C o o n n t t r r a a s s i i n n N N i i c c a a r r a a g g u u a a a a n n d d t t o o S S o o l l i i d d a a r r i i t t y y i i n n P P o o l l a a n n d d d d u u r r i i n n g g t t h h e e 1 1 9 9 8 8 0 0 s s . A A n n d d t t h h e e b b a a n n k k s s m m a a n n a a g g e e r r s s a a l l s s o o s s i i p p h h o o n n e e d d o o f f f f f f u u n n d d s s t t o o p p e e r r s s o o n n a a l l s s h h e e l l l l c c o o m m p p a a n n y y a a c c c c o o u u n n t t s s i i n n S S w w i i t t z z e e r r l l a a n n d d , t t h h e e B B a a h h a a m m a a s s , P P a a n n a a m m a a a a n n d d o o t t h h e e r r o o f f f f s s h h o o r r e e h h a a v v e e n n s s . SANTO DOMINGO, Dominican Republic Associated Press AUTHORITIESin the Dominican Republic have arrested two Spaniards for allegedly trying to smuggle nearly 17 kilo grams (37 pounds the hemlines of roughly three dozen pairs of trousers. The National Drug Control agency says Spanish nationals Carlos Guijarro Perez and Ana Rosa Alonzo Ramirez were detained late Monday at Santo Domingo's interna tional airport as they tried to board a flight to Madrid. Agency spokesman Roberto Lebron said Tuesday that agents allegedly discovered the concealed cocaine after a routine search of the couple's luggage. Earlier this month, Dominican authorities seized 400 kilograms (880 pounds cocaine hidden in crates of tobacco leaves about to be exported to Spain. A GENT S SEIZE C ACHE OF COCAINE HIDDEN IN HEMLINES OF PANTS HEADED FOR SPAIN DOMINCAN REPUBLIC:
LOCAL NEWS T HE TRIBUNE WEDNESDAY, AUGUST 17, 2011, PAGE 9 Retailers have asked the government for an increase of 30 cents per gallon on gasoline and 20 cents per gallon diesel. It has been 10 years since retailers r eceived an increase on t heir fixed gasoline margins, and over 30 years s ince diesel margins i ncreased. The association has been i n negotiations with the g overnment for months. A lthough the government has agreed in principle toa n increase, retailers claim t hey have been given no clear timeline despite the urgent need for action. No meetings are currently scheduled between the association and the gov ernment. Every month that goes b y is another month of e lectricity bills; is another m onth of paying rent; is a nother months worth of p ayroll, where we have had to subsidise out of our own pockets, said Philip Kemp, BPRA interim president. We have committed a lot of resources to keeping our businesses running. We a re here today because our resources have been depleted. Friends, family, banks: W e are tapped out, he s aid. G as station retailers are asking the public to understand, it is not retailersm aking the money. Bernard Porky Dorsette said gas prices go up andd own to the benefit and detriment of consumers. T he only thing that remains t he same is our margins, h e said. In 2002 one gas retailer said he paid $23,000 for 10,000 gallons of gas. He earned 44 cents per gallon on that investment. Today, he pays $49,500 for that same 10,000 gallons, while earning the same 44 cents. I n the past, the price has g one up as high as $51,000 for that same volume. The only people who make money from the price f luctuation are the wholesalers and the government. We do not make any addit ional money, said the r etailer. T he association is not i nterested in more meeti ngs with the government. T he leadership says banks are calling members daily, and they can no longer operate under that stress. The association is lookingf or a favourable policy d ecision to be made with i mmediate effect. Our homes are in jeopardy, our livelihoods are in j eopardy. This is not a joke now. We would not have g otten to this point if there was anything positive coming out of the meetings, s aid Mr Kemp. The association repres ents 85 per cent of gas retailers. Association members claim the situation is so desperate because they are being squeezed on bothe nds by wholesalers and by the government. The wholesalers just squeeze and squeeze ands queeze. They are trying to g et blood out of stone. T hey try every way they c an find to remove the risk from themselves and place it on the retailers. They are taking zero risks, said a frustrated wholesaler. Gas stations pay rent to wholesalers and franchise fees. They pay a fee on everything that is sold in t he convenience stores, and t hey reap no reward from the rental of space by wholesalers to third parties, such as banks for placem ent of ATM machines. We have to pay for the maintenance of the sites as w ell fixing pot holes, r eplacing pump handles. C ertain costs used to be c overed by the wholesaler i n the franchise fee. It s eems they could not justify increasing the fee, so they transferred the costs to us, said a retailer. Today we are dealing w ith the margin. With the w holesalers that is a differe nt story. That is a constant negotiation. That is a constant education about how t he policies they put in place affect us, said Mr K emp. The wholesalers are private enterprises. As citizens o f this country, with most of the oil companies being f oreign entities, you would think the government would try to assist in our negotiations, but for the most part it is private com p anies so there is nothing we can force the government to do. They would have to do so of their owni nitiative, he said. the home, they saw a man armed with a gun. According to a source, one of the officers fired at the man not knowing he was an undercover detective. The officer was hit in the right shoulder. Sources say it is possible he did not identify himself as a police officer. Last night, the officer was recovering in hospital, where he is listed in stable condition. The man police sought to apprehend was not at home at the time of the shooting. In a statement released last night, police said they are investigating the incident. The statement added that the suspect they were after was thought to be armed with a high-powered weapon. It said: During the operation, an officer was accidentally shot to the shoulder. He was taken to hospital via private vehicle where he remains in serious but stable condi tion. Police are conducting an internal investi gation into this matter. This is the second time an officer has been shot during an operation in less than a year. In December, 2010, an officer died after he was shot in the chest by another officer during an undercover operation. At that time, Hulan Hanna, assistant commissioner of police, said: "Officers were participating in an operation in southwest New Providence, when an officer was accidentally shot to the upper body by one of his col leagues." Mr Hanna added: "This was a police operation, we cannot say anything else about it. A lot of the work officers do are by nature covert, and if we comment on some of the things we have to engage in, it would compromise future operations." Ministry of Heath subse quently dealt with the matter immediately. Further, the Ministry of Environmentknows the area where the anopheles mosquito thrives and they conduct fogging exercises to keep the population low. However, Dr Minnis said there is a possibility the virus may be spread by illegal immigrants in the country. We have an open border and an illegal immigration problem, he said. So we cannot know if immigrants carry the virus when they come into the country illegally. But in order for it to spread they would have to be bitten by the anopheles mosquito, and likeI said, we have kept that pop ulation of mosquito low in the Bahamas. The mosquito that carries dengue fever is what we call home-grown. They grow in your backyard and usually doesnt travel far. As it relates to yellow fever, Dr Minnis admitted the same mosquito that transmits dengue transmits the disease, but, he said, the chances of a Bahamian contracting it is slim to none. Everyone who comes into the Bahamas from a country known to have yellow fever, has to be vaccinated before they can enter the country so we are not concerned about yellow fever at this time. As far as I know, we have never had any instances of yellow fever in the Bahamas. The last known case of malaria was in March of 2008, when two tourists visiting Exuma contracted the virus. Last week, Dr Minnis acknowledged the outbreak of dengue had placed a con siderable strain on the health care system. However, he said there were adequate resources to meet the need. At last count more than 1,500 people were diagnosed with dengue fever. residences in the area. He also s aid the man is well known to police and is presently out on bail for a number of offences. A n eye witness said: I was i nside my house and I heard a person screaming. I came out side and saw a man fighting with police. He was screaminga nd fighting. The police was trying to get him in the back seat of their car and he was fightingt hem. They didnt have no cuffs on him. They got him in the back seat and he climbed t hrough the window. When he got out he pushed and punched the female officera nd he look like he was trying t o grab her gun. The male came over to help her and then I heardb am-bam. They shoot him in his leg, twice. Police investigations con t inue. development and investment company, Har c ourt Developments, acquired the Royal Oasis in 2007. Its sale came three years after the resort was closed, having been damaged by hurricanes Jeanne and Frances. The company announced a $400 million r edevelopment plan to turn the defunct hotel, located on 425 acres of property, into a "highq uality tourism destination." However, at the end of 2008, as the global financial crisis bore down, tightening flows of credit, Harcourt Developments told the Government it would not be able to proceed with its plans to bring the hotel back on stream for the time being. Mr Bethel yesterday advised Mr Christie to check his records before pointing fingers about t he failed hotel, stating the hands of the PLP are not clean in that matter. Mr Bethel said: At the time that Mr Christie, who has all these bright ideas, lefto ffice nothing had been done. For three years (Royal Oasis Throughout the process, he added, the F NM has acted to the best that it could, and to the extent of its power, to ensure that the interest of Bahamian people were protected. A s the country moves forward, Mr Christie advised that the government must make a major intervention in Grand Bahama, where he admitted that consecutive governments have taken a hodge-podge approach to its economy. FROM page one UNDER C OVER OFFICER SHO T FROM page one MINIS TER DOWNPL AYS MALARIA AND YELLOW FEVER CONCERNS FROM page one PLP LEADER ONROYALOASIS FROM page one MAN SHOT AFTER ALLEGED ASSAULT OF POLICE OFFICER Petroleum retailers vote for a strike FROM page one A BUSY g as station in the capital last night. Felip Major /Tribune staff
LONDON A ssociated Press B RITISH POLICE revealed Tuesday that they sent officers to protect major shopping centers and the 2012 Olympics sites after intercepting phone and social network messages s aying they were targets for r ioters. Assistant Commissioner L ynne Owens of London's M etropolitan Police told a c ommittee of lawmakers that police sent extra officers to London's OxfordC ircus, two malls and the Olympic Park on Aug. 8 a fter seeing messages on T witter and the BlackBerry devices of people who had b een arrested for rioting. O wens said that "through T witter and BBM there was intelligence that the Olympic site, Westfields (shopping malls Oxford Street were going to be targeted." "We were able to secure a ll those places and indeed there was no damage at any of them," she said, according to London's EveningS tandard newspaper. P olice and politicians claim young criminals used Twitter and Blackberry'ss imple and largely cost-free messaging service to coor dinate looting sprees during the riots. T he government has said it will debate whether cell phone services could be dis rupted or blackouts i mposed on social networks during riots proposals that have already beenf iercely opposed by civil libe rtarians. The acting chief of London's police force, Tim Godwin, told Parliament'sh ome affairs committee that police had considered seek ing approval to switch off such services, but decided against it. He said the legal ity of such action was "very questionable," and social networks were a useful intelligence asset. Police have arrested more than 3,000 people over riots that erupted Aug. 6 in north L ondon and flared for four nights across the capital and other English cities. A 16-year-old boy was ordered Tuesday to stand t rial for the murder of a retiree attacked when he confronted rioters in London, as judges and prosecu tors used tough punishmenta nd name-and-shame tact ics against hundreds of a lleged participants in the mayhem. T he government said police would get better training and stronger powers to deal with a new andu npredictable era of street disturbances. "We will make sure police have the powers they need,"s aid Home Secretary Theresa May including, she suggested, the power toi mpose blanket curfews in t roubled areas. A teenager, who has not been named because of his age, appeared in court Tues d ay accused of killing 68year-old Richard Bowes, who was found lying in as treet during violence in Ealing, west London, on Aug. 8. CCTV footage captured B owes being punched and f alling to the pavement after he tried to stamp out a fire set by rioters. He died of head injuries three days later. The suspect, dressed in a black shirt and with his arms crossed, was charged with murder, violent disorder a nd the burglary of a bookmakers, a supermarket, a video store and a restaurant. H e did not enter a plea and was ordered detained a s he awaits trial at the Central Criminal Court. The boy's 31-year-old mother has been charged with obstructing the police i nvestigation. She also was d enied bail. S o far about 1,400 people have been charged withr iot-related offenses. More than 1,200 have appeared in court often in chaotic, round-the clock-sessionsd ispensing justice that is swifter, and harsher, than usual. Although a public opin i on favors stern punishment for rioters, a few cases have made headlines and sparkedd ebate. A London man r eceived six months in jail for stealing a case of water worth 3.5 pounds ($5a looted supermarket. A M anchester mother of two who did not take part in the riots was sentenced to fivem onths for wearing a pair of looted shorts her roommate had brought home. Late Tuesday, two men in n orthwesternn England w ere handed stiff jail terms for inciting disorder through social networking sites. Cheshire Police said Jordan Blackshaw, 20, and Perry Sutcliffe-Keenan, 22, both received 4-year sentences for using Facebook to "organize and orchestrate" d isorder. Blackshaw used the social networking site to create an e vent with a date, time and location for "mass ive Northwich lootin.'" Sutcliffe created a page on Facebook called "Warrington Riots" which listed a time and date for anyone w ho wished to be involved i n a riot. M ost of the convicted suspects have been sent fors entencing to higher courts which have the power to impose longer terms of imprisonment. Two-thirdso f the accused have not been granted bail. The usual rate for the magistrates' courts hearing their cases is1 0 percent. Some of the harsher sen tences are expected to be a ppealed. A lthough Prime Minister David Cameron said last week that those who participated in the riots should got o prison, the government denied trying to influence the judiciary. T he courts service said "sentencing is a matter for the independent judiciary," though it acknowledged thatm agistrates in London were b eing told by their legal advisers "to consider whether their powers of punishment are sufficient in dealing with some cases arising from the recent disorder." May, the home secretary, said she had pressed prosec utors to lift anonymity from underage defendants convicted of riot-related o ffenses. Defendants under 18 are customarily offered a nonymity by law, even if they are convicted. Five people died during the unrest, including three men hit by a car in Birmi ngham, central England as t hey protected local shops f rom looters. Two men and a teenage boy have been charged with murdering H aroon Jahan, 20, and brothers Shazad Ali, 30, and Abdul Musavir, 31. S everal suspects have also been questioned about the d eath of a man who was shot in the head during rioting in south London. The Association of British Insurers has estimated the c ost from wrecked and s tolen property at 200 mil l ion pounds ($326 million but expects the total to rise. A PROPERTY on fire near Reeves Corner in Croydon, south London, during the wave of violence and looting that aged across London and spread to three other major British cities. (AP UK POLICE: COPS PROTECTED OLYMPICS SITES IN LONDON RIOTS SOCIALNETWORKMESSAGESINTERCEPTED LOCAL NEWS PAGE 10, WEDNESDAY, AUGUST 17, 2011 THE TRIBUNE S ANAA, Yemen Associated Press E MBATTLED Yemeni President Ali Abdullah Saleh vowed Tuesday to return home from Saudi Arabia, a move which could set off a violent new phase in the impover ished country's six-month uprising seeking to topple his r egime. Security across Yemen has collapsed during the revolt, with al-Qaida-linked militants controlling entire towns in t he country's south and anti-government tribes clashing with security forces elsewhere. In just the past two days, at least 33 were killed in two days of fighting north of thec apital, medical officials said. Saleh, Yemen's ruler for 33 years, has maintained power throughout the uprising despite massive protests, defections by military commanders, growing international pressure to transfer power and a bomb attack on his palace that left him badly injured. He has been in neighboring Saudi Arabia recovering from severe burns and otherw ounds since June 5. Speaking Tuesday in a televised address from the Saudi capital, Saleh vowed to return home, telling his supporters: "See you soon in Sanaa." He also lashed out at his opponents, calling them, "exploiters, war merchants, and street looters." Saleh, who only last week left the hospital in Riyadh, appeared to be in better shape compared to his first appearance after the attack, when he looked stiff and frail. Other than the medical white gloves covering his burnt hands, Saleh seemed to have recovering. His face appeared to have healed from the burns, and he moved comfortably and confidently in front of the camera. Deal Saleh didn't refer to a power-transfer deal backed by Saudi Arabia and the U.S. which offers him immunity from prosecution if he steps down. The Yemeni leader has three times agreed to the deal, put forward by Arab Gulf states, only to back out on each occasion at the last minute. The proposal would see Saleh transfer power to his deputy, who would then call presidential elections. On Tuesday, Saleh said he is willing hand over power to his vice president if the armed tribal fighters who support the protesters are pulled from the streets and the opposi tion ends its demonstrations. The opposition has rebuffed past overtures from Saleh, calling them insincere, and it was not immediately clear whether it would take the president's offer seriously this time. Security forces have repeatedly clashed with anti-government tribesmen during the uprising, with some of the fiercest fighting taking place north of Sanaa. Medical officials said Tuesday at least 33 were killed in fighting in the past two days in the Arhab region. Tensions between Arhab tribes and Saleh have turned violent since the start of the uprising. The tribes accuse the government of indiscriminately shelling their villages and killing civilians. The government claims the tribesmen are linked to al-Qaida. The recent clashes broke out Monday when government forces in tanks and armored vehicles tried to raid a number of Arhab villages and local fighters mobilized to keep them out, said eyewitness Kamal Salami. He described the government advance as "total war" and said it is the regime's most violent strike in the region in months. A military official confirmed the raids but did not com ment on army casualties. All officials spoke on condition of anonymity because they were not authorized to brief reporters. YEMENI PRESIDENT: 'SEE Y OU SOON IN S AN AA' A LIABDULLAHSALEVOWSRETURNHOME
INTERNATIONAL NEWS T HE TRIBUNE WEDNESDAY, AUGUST 17, 2011, PAGE 11 NEW DELHI Associated Press AN ANTI-CORRUPTION activist arrested Tuesday for planning a public hunger strike began his fast behind bars as his supporters held protests across the country, with thousands detained by police. Anna Hazare's demand for tougher anti-corruption laws has tested the beleaguered government and galvanized Indians fed up with seeming ly endless scandals exposing bribery and favoritism and paralyzing efforts to address poverty and speed development. Hazare, a 73-year-old social activist clad in the simple white cotton garb of India's liberation leaders, has become an anti-corruption icon by channeling the tactics of freedom fighter Mohandas K. Gandhi. In April, he used a four-day fast to force the government to draft legislation to create an anti-corruption watchdog. He had planned to begin another public fast Tuesday to press for a stronger bill. Police barred his latest protest after organizers refused to limit the number of fasting days and participants, Home Minister Palaniappan Chidambaram said. "Protests are perfectly per missible and welcome, but it must be under reasonable conditions," he said. Hazare vowed to carry on regardless, but was arrested before leaving for the protest site in a New Delhi park. He waved cheerfully at news cameras outside his home as he was driven away to a police mess hall, where he began his fast. Later, after refusing to post bail, Hazare was taken to New Delhi's Tihar jail for seven days of detention, joining business leaders and three lawmakers who are facing corruption charges there. His supporters released a video appeal Hazare had recorded anticipating his arrest. "My dear countrymen, the second freedom struggle has begun, and now I have also been arrested. But will this movement be stopped by my arrest? No, not at all. Don't let it happen," he said. Thousands rallied across the country, carrying placards calling for a "Revolution Against Corruption" and taunting authorities to "Please Arrest Me." They decried Hazare's arrest as an antidemocratic affront to civ il rights. Some donned white caps resembling Hazare's with the words "I am Anna Hazare" scrawled in Hindi or English. Police rounded up at least 1,200 protesters in New Delhi and more than 3,000 in Mum bai, but many were later released. Across Maharashtra state, where Hazare's vil lage of Ralegan Siddhi is located, hundreds of people temporarily blocked roads in protest. Hazare's supporters later urged government workers to show solidarity by going on strike Wednesday. The home minister said he hoped work ers "will not respond to such a wrong call." Chidambaram said the government was only seeking to maintain order in arresting Hazare. "We are not prohibiting a peaceful democratic protest," he said, noting that Hazare's camp had rejected police conditions for holding a safe ral ly. "Nowhere in the world is a protest allowed without any conditions." The governing Congress party went further in its defense, accusing Hazare of meddling in politics and hijacking public policy with his fast when he should instead express his views to elected officials. "He is not fighting against corruption but doing politics," party secretary-general Digvijay Singh said, noting the government's right to take steps to avoid a situation that threatens law and order. The hunger strikes have catapulted the issue of India's culture of graft to the top of TV news and inspired others across the nation to fast in solidarity, as the gulf between India's rich and poor, the vast majority of its 1.2 billion people, has widened despite two decades of economic growth. The government is battling corruption allegations stemming from the murky sale of cellphone licenses and the hosting of last year's Com monwealth Games, which together lost the country as much as $40 billion, according to government auditors. The main opposition is mired in a multibillion-dollar bribery scandal involving the granting of mining contracts in southern India. The scandals have embarrassed the government and paralyzed Parliament, with lawmakers trading insults and accusations instead of addressing widespread mal nutrition and a desperate need for land reform. On Tuesday, Parliament adjourned amid screaming between government and opposition lawmakers over Hazare's arrest. The main opposition party slammed Hazare's arrest as evidence that the government is "imbalanced" on the issue of corruption, and demanded Prime Minister Manmohan Singh himself address the controversy. "The government is hellbent on crushing civil rights of the citizens," said Sushma Swaraj, leader of the nationalist Bharatiya Janata Party. Singh addressed the issue in his annual independence day speech Monday, saying his government was commit ted to taking the "strictest possible" action against corrupt officials but that only Parliament can decide anticorruption legislation. He said those who disagree with the proposed legislation should debate it and "not resort to hunger strikes and fasts unto death." POLICEMEN TRY TO PUT back police barricades removed by opposition Bharatiya Janata Party activists protesting the arrest of Indian anti-corruption activist Anna Hazare in N ew Delhi, India, Tuesday. Hazare, arrested Tuesday for planning a public hunger strike, began his fast behind bars as his supporters held protests across the country, with thousands detained by police. (AP SUPPORTERS OF INDIAN ANTI CORRUPTION ACTIVIST Anna Hazare in horse carts take out a rally in his support in Allahabad, India, Tuesday. (AP AN INDIAN MAN signs on a banner displaying solidarity to social activist Anna Hazare in Ahmadabad, India, Tuesday. (AP B ANGKOK Associated Press AN INVESTIGATION into the mysterious deaths of five foreign tourists and a Thai tour guide in hotels in n orthern Thailand suggests a link to toxic chemical exposure but has failed to determine exactly what killed them, the government s aid Tuesday. T he victims included tourists from New Z ealand, France, the U nited States and B ritain staying at three d ifferent hotels in the p opular northern Thai c ity of Chiang Mai. Three other tourists fell ill but recovered. N o one has been declared responsible in the spate of deaths, which came in January a nd February. "The specific agents that caused the deaths a nd illnesses in these e vents cannot be identif ied, and it cannot be determined exactly howp eople were exposed to t hem," the Department of Disease Control said on its website. The results were most revealing concerning a 23-year-old New Zealand woman who d ied Feb. 6, her two f emale companions who became sick but recove red, and a 47-year-old T hai woman who died Feb. 3 at the same hotel. The four are "most likely to have the samec ause of illness, proba bly exposure to some toxic chemical, pesti c ides or gas," the report states. The deaths of a British couple in their7 0s found in their hotel r oom Feb. 19 were "pos sibly related" to the those deaths "as they occurred in the same hotel," the report states. Those deaths happened at the DowntownI nn in Chiang Mai. The h otel owner declined to comment Tuesday. In an investigative report broadcast in May, New Zealand TV3's "60 Minutes" program said it found traces of thet oxic insecticide chlorp yrifos, used to kill bedbugs, in the room where the New Zealand touristhad stayed. The government report said the cause of death of an 33-year-old American woman who died Jan. 11 "is likely to be chemical or biotoxin in nature and it is probable that it might havebeen a pesticide." She was staying in a different hotel in the same area. A 29-yearold Canadian woman traveling with her fell ill but recovered. A 25-year-old French woman who died Jan. 19 "developed fever and other symptoms on 16 January before arriving in Chiang Mai" so her case is probably not related to the others, the report states. The website said authorities are taking measures to reduce the risks to visitors, but did not give details. T HAIS SAY TOXIC EXPOSURE MAY HAVE KILLED TOURISTS Share your news The Tribune wants to hear fr om people who ar e making news in their neighbour hoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story.
LOCAL NEWS PAGE 12, WEDNESDAY, AUGUST 17, 2011 THE TRIBUNE L ONDON Associated Press CONVICTEDphone hacker Clive Goodman warned more than four years ago that illegal eavesdropping was widely used at the News of the World and its senior j ournalists had approved the pract ice, according to a letter published b y British lawmakers Tuesday. Goodman claims in the letter addressed to the human resource director at the Sunday newspaper's parent company that phone hacking was carried out with "the full knowledge and support" of the p aper's leadership. T he claim is particularly damning because both News of the W orld and parent company News I nternational have long insisted that Goodman who was fired, c onvicted and jailed for his role in the scandal was the only reporter involved in intercepting voicemail messages. Goodman's letter, addressed to D aniel Cloke and dated March 2, 2007, directly contradicts that. Goodman said he was acting w ith the backing of senior journ alists, that other staff at the News o f the World were also hacking phones, and that "this practice was widely discussed in the daily edi-t orial conference, until explicit reference to it was banned by the editor." The names of those involved have been obscured in the letter. The Guardian newspaper, which first published the correspondence, said this was done by police, whoa re investigating wrongdoing at the newspaper. The letter is among a batch of d ocuments published by the House o f Commons' culture, media and sport committee. Ahead of the publication, members committee said they werel ikely to recall James Murdoch to answer more questions about phone hacking at the News of the W orld. Murdoch, who runs the E uropean division of his father Rupert's media empire, testified last month that he was unaware of evidence of widespread phone hacking at the newspaper. H is testimony was disputed two days later by former News of the World editor Colin Myler and exc ompany lawyer Tom Crone. M embers of the Culture, Media a nd Sport committee said they have not managed to reconcile thec ontradictions between those statem ents. Committee Chief John Whittingdale said it "may wish to put further questions to James Murdoch." He also said Myler and Crone would give evidence to the lawmakers next month. Committee m ember Tom Watson said "it is l ikely we will take Murdoch back." "There seems to be a question as t o whether James Murdoch hims elf misled the committee," Wats on said. "We have not reached a conclusion on that." Whittingdale said there are no plans to recall Rupert Murdoch, who gave evidence to the committee alongside his son on July 19. Police are investigating claims t he News of the World illegally accessed cell phone messages and bribed police to get information o n celebrities, politicians and crime v ictims. N ews International said Tuesday it is "cooperating fully" witht he police investigation. We recognize the seriousness of materials disclosed to the police and Parliament and are committed to working in a constructivea nd open way with all the relevant authorities," it said in a statement Tuesday?. Rupert Murdoch's News Corp. s hut down the 168-year-old newspaper last month. LETTER: HACKING WIDELY DISCUSSED AT UK TABLOID DAMNINGCLAIMFORNEWSINTERNATIONAL I N THIS FILE PHOTO OF CLIVE GOODMAN the royal editor of British tabloid Sunday newspaper News of the World, arrives at City of Westminster Magistrates Court in London. A letter from former News of the World reporter Clive Goodman obtained byt he Guardian says that phone hacking was widely discussed and expressly endorsed b y senior journalists at the now-defunct tabloid. The newspaper said Tuesday that the letter written by Goodman four years ago after he was released from prison claimed that the illegal eavesdropping was carried out with "the full knowledge and support" of the paper's leadership. (AP WASHINGTON Associated Press S ECRETARY of State Hillary Rodham Clinton defended the U.S. response to crises in Libya and Syria on T uesday, saying the Obama administration is projecting "smart power" by refusing toa ct alone or with brute force to stop autocratic repression in the two countries. C linton said the United States remains the world's strongest leader but is wisely building coalitions to respond more effectively and better promote universal values of human rights and democracy. "The United States stands for our values, our interests and our security, but we have a very clear view that others need to be taking the same steps to enforce a universal set of values and interests," she told an audience in a joint appearance at the National Defense University with Defense Secretary Leon Panet ta. "We are by all measurements the strongest leader in the world and we are leading, but part of leading is making sure that you get other people on the field. And that's what I think we are doing," she said. Clinton has been a champion of the administration's "smart power" policy, which aims to combine defense, diplomacy and development to advance U.S. foreign policy goals. The term is most com monly used to describe the strategies President Barack Obama has employed in Iraq and Afghanistan, where the U.S. has placed heavy emphasis on civilian projects designed to eliminate the roots of extremism. But Clinton said other elements of smart power are also at work in Libya and Syria. She and Panetta both noted that Libyan rebels had scored recent significant military gains in their struggle to oust Moam mar Gadhafi after months of stalemate. Clinton said Libya was a study in the use of "strategic patience," whereby the United States resisted the impulse for immediate intervention and instead helped to build sup port for the country's nascent opposition, which the U.S. now recognizes as Libya's legitimate government. She said the unprecedented NATO-Arab alliance protecting civilians on the ground was a key result of the tactics of smart power. "This is exactly the kind of world that I want to see, where it's not just the United States and everybody is standing on t he sidelines while we bear the costs," she said. In Syria, Clinton said Wash i ngton had adopted a similar stance. The administration has imposed sanctions to protest a r uthless crackdown on reforme rs but has thus far resisted calls to make an explicit demand for President BasharA ssad to step down, something it did with Gadhafi. Clinton said it would be a mistake for the administration to demand Assad's ouster on its own because it would not be effective given Washington's long-strained ties with Damascus and limited U.S. influence and trade with Syria. "It is not going to be any news if the United States says Assad needs to go," she said. "Okay, fine, what's next? If other people say it, if Turkey says it, if (Saudi lah says it, there is no way the Assad regime can ignore it." "I think this is smart power, where it is not just brute force, it is not just unilateralism," she said. "It is being smart enough to say you know what we want a bunch of people singing out of the same hymn book and we want them singing a song of universal freedom, human rights, democracy, everything that we have stood for and pio neered over 235 years." CLINTON: LIBYA, SYRIA SHOW 'SMART POWER' AT WORK SECRETARY OF STATE Hillary Rodham Clinton and Defense Secretary Leon Panetta arrive for an event at the National Defense University in Washington, Tuesday. (AP ZAWIYA, Libya Associated Press THEday Libyan rebels advanced into the strategic city of Zawiya, Moammar Gadhafi's forces clamped down on the local hospital. They forced doctors to perform hours of consecutive surgeries, put snipers on the roof and an anti-aircraft gun near the entrance, two doctors who managed to escape said Tuesday. As the Libyan regime's grip on this coastal city of 200,000 is slipping, stories are seeping out about the reign of fear and intimidation imposed here over the past five months. Residents interviewed in rebel-controlled parts of Zawiya gave accounts of mass arrests in the preceding months. A woman said her son-in-law and two of his relatives were arrested and killed by Gadhafi agents. A rebel fighter said he was sub-j ected to beatings and electric shocks. Zawiya had risen up force fully against Gadhafi when anti-regime protests swept the country in mid-February, but was reoccupied in a brutal crackdown in mid-March. Rebels pushed into the cityo n Saturday, but after four days of fighting Gadhafi's soldiers still cling to positions in eastern areas, including the hospital. Dr. Hamid al-Shawish, a 30-year-old surgeon, said the regime had clamped down hard on Zawiya since March,a rresting anyone suspected of sympathizing with the rebels. At least 20 doctors and nurses were seized from the hospital, and some remain missing, al-Shawish said. He and a colleague, gyne cologist Mohammed al-Kum, said regime forces were a constant presence in the hospital, replacing the director with one of their own and ordering medical staff around. On Saturday morning, there was an influx of dead and wounded regime soldiers, and civilian patients were ordered to leave the hospital to make room, the two doctors said. Troops closed down the pediatrics and gynecology wards, among others. The bodies of at least 30 Gadhafi soldiers were brought in that day, along with some 150 wounded, said al-Shawish, who was in charge of the emergency room. Rebels often allege that most of Gadhafi's troops are African mercenaries, but al-Shawish said there were many Libyans among the w ounded soldiers. The soldiers ordered doctors and nurses to stay on their jobs, according to alShawish, who said he performed 15 operations between 11 a.m. Saturday and 3 a.m. Sunday. He said three more surgeons worked on other floors. Al-Shawish said that while he was working, armed soldiers wandered in an out of the emergency room. "Anyone who was not operating was told to operate," said alShawish, but added that he did not have guns pointed at him. Gadhafi's men posted snipers on the roof and an anti-aircraft gun in a yard, right outside the window of the emergency room, the doctor said. Gadhafi's forces fired randomly at nearby houses, but he did not hear incoming rebel fire, he said. Al-Kum said he was able to sneak out of the hospital on Sunday. GADHAFI'S TROOPS USE HOSPITAL AS BASE, DOCTORS SAY
capital is dedicated to the BORCO Phase One expansion, which is well underway, Mr Smith told analysts. Buckeye, in its form 10-Q, said: Expansion and cost reduction projects in the first six months of 2011 included upgrades and expansions of the jetty structure at BORC O, terminal ethanol and b utane blending, new p ipeline connections, cont inued progress on a new p ipeline and terminal billing s ystem, as well as various o ther operating infrastructure projects. We expect to spend approximately $315 million to $385 million for capital $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.55 $5.39 $5.55 T HETRIBUNE SECTIONB firstname.lastname@example.orgWEDNESDAY, AUGUST 17, 2011 By NEIL HARTNELL T ribune Business Editor T HEBahamas Oil Refini ng Company (BORCO s oon see an even better p erformance than the $90.2 million revenue it generated during the 211 first half, its parent confirming that the Grand Bahama-based facility will consume 80 per cent of its planned capital expend iture for 2011. S enior executives with New York Stock Exchange (NYSE Partners, in a conference call w ith analysts to discuss the c ompanys recently unveiled 2011 second quarter results, i ndicated that BORCOs f inancial performance was s et to improve further over the next 12 months. Keith St Clair, Buckeyes chief financial officer, attributed this to the implementation of both a cost savings plan and introduction of B uckeyes own best international practices into BORCOs operations. Expect to see an even better performance, was Mr St Clairs summation of what this would mean for BORCO, which has already boosted Buckeyes overall p erformance. Forrest E. W ylie, the company's chair m an and chief executive, s aid its international operat ions segment dominated b y BORCO was the key driver behind the 28.2 per cent year-over-year increase in its second quarter total adjusted operating income, which rose from $91.7 million to $117.6 million. I n its 10-Q statement filed with the Securities & Exchange Commission ( SEC), Buckeye Partners n oted that BORCO accounted for 92 per cent of the $52.99 million and $98.065 million revenuesg enerated by its international operations division for, respectively, the 2011 sec o nd quarter and half-year. BORCOs contribution to these figures was $48.8 mil lion and $90.2 million, and i nternational operations also g enerated $30.646 million in adjusted EBITDA (operat ing income). M eanwhile, Clark Smith, Buckeyes president and chief operating officer, con firmed that the lions share o f Buckeyes $260-$320 million in capital expenditures for expansion would this year go to BORCO. The majority of growth BORCO EVEN BETTER THAN $90.2 MILLION REVENUE Parent confident Grand Bahama storage facility to soon beat current financial performance BORCO to consume 80% of capital upgrade spend between $210-$255m B y NEIL HARTNELL T ribune Business Editor BENCHMARK(Bahamas e d its first -albeit modest net profit for 11 q uarters, its chief executive and president telling Tribune Business that the firms 70 per cent occupied Carmichael Road Com-m ercial Centre will act as a development landmark in that area. Acknowledging that the short-term outlook was possibly less rosy than ita ppeared at the 2011 second quarter end, due to the subsequent global stock market volatility, Julian Brown said the $13,650 net income performance showed the BISX-list e d investment firms business model and investing strategy remained sound. Arguing that Benchmark (Bahamas was undervalued at its current $0.18 pers hare price on BISX, Mr Brown said its domestic investment portfolio was the only drag on the companys earnings during the three months to end-June 2011. We had a fairly good second quarter, and things were beginning to look a bit better by the close, Mr Brown told Tribune Business. Of course, you know whats beeng oing on in the third quarter, and at the moment it does not look as rosy as it did at the end of June. Breaking down the 2011 second quarter p erformance by business unit, he said that while Benchmarks international broker/dealer subsidiary, Alliance Investment Management, had enjoyed a fairlyg ood period, the companys real estate investments were now starting to pay off. Properties is beginning to kick-in, Mr Brown said. All of the start-up costs andc apital expenditure incurred in the same BENCHMARK HITS BLACK FOR FIRS T TIME IN 11 QUARTERS Chief executive argues stoc k undervalued at $0.18 per share Landmark Carmichael Road property adding tenants and now 70% leased Domestic investments the major laggar SEE page three SEE page two By NEIL HARTNELL T ribune Business Editor T HE BAHAMIAN capital markets will soon s ee initial public offering ( IPO) activity regain its m id-late 1990s peak, Tribune Business was told yesterday, with the Gov ernment formally starting moves to sell a $37 million tranche of Bahamas Telecommunications C ompany (BTC to the public. A little-noticed Ministry of Finance advertisementl ast week formally began the process of soliciting bids for the placement agents/financial advisoryw ork associated with the Government selling its first 9 per cent tranche ofB TC shares, with all offers s cheduled to be in by Sep tember 12, 2011. The notice also serves as the first confirmationt hat the Government plans to sell the first tranche of BTC shares pri o r to the upcoming gen eral election, in a move likely to provide a timely boost to wealth/ownershipc reation and diversifica t ion in the Bahamian economy. Michael Anderson, p resident of RoyalFidelity Merchant Bank & Trust, which is likely to be one of t he bidders for the contract, told Tribune Business yesterday that, together with the Com monwealth Brewery ini tial public offering (IPO and $8 million Arawak Cay port issue set for October, the BTC issue would represent the Bahamas third IPO within a year. It will be the third in a year, and weve not seen activity like that in a long time, Mr Anderson said. He pointed out that the last time the Bahamian capital markets witnessed such IPO activity was in the mid to late-1990s. The RoyalFidelity Merchant Bank & Trust president added that he had been looking towards the Commonwealth Brewery IPO as a catalyst to rejuvenate the market, and $37M BTC IPO TO REIGNITE CAP MARKETS OF 90S MICHAEL ANDERSON p resident of RoyalFidelity Merchant Bank & Trust SEE page two By NATARIO McKENZIE Tribune Business Reporter email@example.com THE Bahamas Telecom munications Corporation said yesterday that it welcomes competition in the fixed line phone service market, with Cable Bahamas gearing up to launch its REVOICE offer MARLON JOHNSON BTC's v ice-president of marketing. BTC WEL C OMES FIXED LINE PHONE SERVICE MARKETC OMPETITION MARLONJOHNSON: By NATARIO McKENZIE Tribune Business Reporter firstname.lastname@example.org MINISTER of State for the Environment Phenton Neymour told Tribune Business yesterday that the gov ernment was still consider ing the margin increase for petroleum retailers but said that no timeline had been set to bring a mark-up into effect. The Bahamas Petroleum Retailer's Association (BPRA for an increase in their allowed margins of 44 cents GOVERNMENT S TILL C ONSIDERING MARGIN INCREASE FOR PETROLEUM RET AILERS SEE page two SEE page two NOTIMELINESET
period last year has been washed through, and it is now operating as a business that is beginning to produce good revenue streams and profits. B enchmark Properties and Alliance Investment M anagement generated net profits of $27,473 and $99,792, respectively, for the three months to endJ une 2011. Benchmark Advisors added $5,850, but the BISX-listed firms o verall results were again d ragged down by a net $ 119,465 loss on its Bahamian investmentp ortfolio. M r Brown described this as the only laggard in the group, and told Tribune Business: The domestic sides been struggling. Theres a lot of concern and lack of liqu idity, and we did not get a bounce on the domestic that we got on the intern ational side. H e added that the $ 0.003 earnings per share (EPS Benchmark during the 2011 second quarter, compared to a $0.22 loss per share during the same period the year before, r epresented just about the first profitable quarter in 11 such periods. Benchmark, Mr Brownc onceded, had last r eached the black in the 2008 fourth quarter. While the crazy openi ng to the 2011 third quarter had interrupted Benchmarks momentum, its chief executive and p resident said he could n ot rule out the compa n ys investment portfolios finishing the period ahead, because the volatility ist here. Such swings could easily see major indices, such as the Dow Jones Industrials Average (DJIA 500, wipe out their earlier losses, and Mr Brown s aid: Were going to stay w ith our existing strategy, which is that we expect t he domestic and global e conomies to show improvement, though not at the level anticipated at the close of 2010. E conomic growth at the US and global levels of around 3 per cent had b een predicted for 2011, b ut Mr Brown acknowle dged that were way under that, as sovereign debt concerns continue to overhang many markets. Fears surrounding this will continue to drive global markets in the shortterm. Elsewhere, Mr Brown t old Tribune Business that just the four upper level units at its Carmichael Road Commercial Centre r emained available for rent. Although declining to n ame the company i nvolved, he added that a nother tenant had signed up to join the two anchors, Bank of the B ahamas International and Nassau Underwriters (NUA Weve signed a lease with another local company to set up shop there in the third quarter, Mr B rown said. Were about 7 0 per cent leased and are continuing to get a lot of i nquiries. The only thing l eft is the four units on the u pper level. Were just waiting to hear back on some inquiries, but they all seem to be very interested in the property and like what weve developed d own there. Were going to be a landmark for Carmichael in terms of that development. C onfirming that Benchm ark (Bahamas scouting for new investment opportunities, MrB rown added: Were still l ooking. Given whats g oing on were not aggress ive but we are paying attention, and trying to see where we can identify real value with long-term growth potential. Were still investigating and making inquiries, but weve not found anything at the moment. T urning to Benchmarks languishing share price, Mr Brown told Tribune Business that the message f rom the second quarter was that the companys business model and fund amentals remained s ound. E ncouraging both existing and new shareholderst o buy into Benchmark, he a dded: Were very encouraged that the portfolio is turning around, and think the message there is that as long as the recovery continues and continues to pick up pace, a nd markets advance, we s hould see profits come out of the investment p ortfolio. In the last 11 months t hat has been the drag on performance. We still think we have a good m odel and good segmente d investment strategy, a nd at 18 cents think the stock is undervalued. Despite the second quarters return to profitability, it was not enough to wipe out the 2011 first quarter showing and put Benchmark (Bahamas into the black for the halfy ear. The BISX-listed firm suffered a $0.05 per share or $271,600 loss for the six m onths to end-June 2011, compared to a $0.34 loss the previous year. For the h alf year, Benchmark suff ered a realised/unrealised l oss on its investment portfolio of $253,019. F or the 2011 first half, B enchmark suffered a loss of $216,442, while Alliance Investment Management fell into the red by $106,207. Benchmark Properties, though, generated a profi t of $43,451, and Benchm ark Advisors $7,598. As at June 30, 2011, Benchm ark (Bahamas a ssets stood at $1.615 mill ion, and the companys book value was $0.33 per share. BUSINESS PAGE 2B, WEDNESDAY, AUGUST 17, 2011 THE TRIBUNE :$17(' 1DVVDXEDVHGSULYDWHHTXLW\JURXSZLWKKROGLQJV LQUHDOHVWDWHKRVSLWDOLW\DQGPRUWJDJHOHQGLQJLV FXUUHQWO\ORRNLQJIRUDTXDOLHG/HJDO&RXQVHO 'HVFULSWLRQ -REUHVSRQVLELOLWLHVZLOOWKHUHIRUHLQFOXGHEXWDUH QRWOLPLWHGWR $GYLFHRIPDQDJHPHQWDQGHPSOR\HHVLQ SULYDWHHTXLW\LQDOOOHJDOLVVXHV 6HOISURFHVVLQJDQGVHWWOHPHQWRIOHJDOGLVSXWHV FRQWUDFWVDQGRWKHUOHJDOTXHVWLRQV 5HSUHVHQWLQJWKH)LUPWRFRXUWVDQGDXWKRULWLHV 3DUWLFLSDWLRQLQWKH)LUPVSURMHFWV 2XULGHDOFDQGLGDWHPXVWKDYHWKHIROORZLQJ EDFNJURXQGDQGDELOLWLHV %DKDPDV%DUH[DPSUHIHUDEO\VXSSOHPHQWHG ZLWK//% 0LQLPXP\HDUVH[SHULHQFHLQDQHTXLYDOHQW SRVLWLRQLGHDOO\LQEDQNLQJRUDVFRPPHUFLDO ODZ\HUDWWRUQH\ +LJKFXVWRPHURULHQWDWLRQSURDFWLYHFRPPLWWHG DQGJRDORULHQWHGDSSURDFK 7HDPSOD\HUUHOLDEOHDQGRSHQPLQGHGSHUVRQ ZLWKVWURQJFXVWRPHURULHQWDWLRQ 7KHSULYDWHHTXLW\JURXSLVG\QDPLFDQGJURZLQJ EXVLQHVV%XVLQHVVDFWLYLWLHVVSDQLQYHVWPHQWV WKURXJKRXWWKH$PHULFDVDQGWKH&DULEEHDQ 4XDOLHGFDQGLGDWHVVKRXOGHPDLOWKHLU&9 LQKRXVHFRXQVHO#\DKRRFRP ing at the end of the month. "Our position is BTC welcomes the emergence o f competition in the sect or simply because our p osition is that when there is competition in the sector, the consumer wins. Our consideration always is that the rules be applied across the sector to all o perators in a fair and e quitable way," Marlon J ohnson, BTC's vice-president of marketing, told Tribune Business yesterday. To the extent that we h ave a fair and equitable m arket place, we believe w holeheartedly that comp etition is a good thing a nd the simple reason for that is it empowers the customer to make the bestd etermination as to who the best provider is for their particular service," Mr Johnson said. He a dded that BTC was not sitting idly by waiting for competition as motivation to improve its own services. BTC was not waiting f or Cable Bahamas or any other operators to step up. W e have recognised that w e must be engaged in a c ontinual mode of improvement and certainly with great emphasis ont he new BTC to ensure that our customer satisfaction is where it needs to be. Whether we had competition or not we realised that we have to give customer winningp ropositions. That is not s omething new to us, it wont change in the face of Cable Bahamas. Thosee ntities that provide the best value for money and the best customer service are going to survive in ac ompetitive marketplace," Mr Johnson said. Dave Burrows, Cable Bahamas' marketing man a ger, told T ribune Business earlier this week that the company will intro duce its brand new fixedl ine telephone service at the end of the month. He is confident it will bring serious competition to thef ixed line market. The launch of REVOICE for residential and business customers will be the final piece in the company's triple communications ser vices. for gas and 19 cents for deisel. The government had acced ed to the BPRA's request for an upward adjustment to the c urrent mark-ups retailers can charge consumers. S peaking briefly with T ribune Business y esterday, Mr Neymour said: "The fact of the matter is, the government decided to take into consideration their request and did make some initial decisions, but at this point in time we arel ooking at the best means to improve their conditions. It's still under consideration by the government. No timeline has been set as yet." R eports surfaced yesterday that the BPRA was planning to take a strike vote last night, however its president Oswald Moore would only tell Tribune Business yesterday: "We do have an emergency meeting scheduled for tonight." H e confirmed that the meeting was in regards to the p etroleum mark-ups but did not confirm plans for a strike vote. Retailers say that they have seen their profits shrink as costs grow and margins remain fixed. Prime Minister HubertI ngraham said earlier this year that the government intends to protect consumers while seeking to be fair to petroleum retailers as well. BENCHMARK HITS BLACK FOR FIRST TIME IN 11 QUARTERS F ROM page one J ULIAN BROWN GOVT STILL CONSIDERING MARGIN IN CREASE F OR PETROLEUM RETAILERS FROM page one B TCWELCOMES FIXED LINE PHONE SERVICE MARKET COMPETITION FROM page one while this had not manifested itself in trading activity, structural factors in the market were likely to be a factor. The stock exchange has become very, very slow over the past year, Mr Anderson said, and trading activity is very low. The stock exchange could use the boost in activity, and the investor market will benefit from it in terms of enhancing and diversifying opportunities. It bodes well for the future for people to find additional opportunities for investment that have been in short supply over the years. $37M BTC IPO T O REIGNITE CAP MARKET S OF 90S FROM page one 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 impr ovements in the ar ea or have won an awar d. If so, call us on 322-1986 and shar e your stor y
PORT-AU-PRINCE, Haiti A ssociated Press F ORMERU.S. President Bill Clinton launched a new business loan programme in Haiti on Tuesday aimed at h elping bolster an economy that was devastated by the January 2010 earthquake. Clinton said the first loan i n the $20 million program is being made to Caribbean Craft, which produces color ful goods such as carnival masks, sculptures and paint ings for export and lost its w orkshop in the earthquake. The company is receiving a loan of $415,000, with interest to be paid back to the pro gram to help make additional loans in the future, Clinton told reporters as he t oured Caribbean Craft's workshop near the airport in Port-au-Prince. He said them oney will help the opera t ion hire 200 more workers. He didn't say how many employees it has now. Clinton, who has been active in Haiti reconstruction through his foundation and a s co-chairman of the Interim H aiti Recovery Commission, s aid he had been "surprised a nd disturbed" to learn of the difficult loan terms available f or even Haitian businesses with solid credit. "One of the biggest prob lems in growing the Haitian e conomy is that there is really no facility that grants small business loans on reasonable terms," he said. Recently, Clinton invited Caribbean Craft owner Mag-a lie Dresse to a buyers' con f erence in New York, where representatives from Macy's, Pottery Barn and other com-p anies signed contracts with t he Haitian business. She said the $415,000 loan, which carries an interest rate of 6.5 percent, will "allow us to respond to the demand that we're getting now." The space that we have is so small, we can't welcome enough people to continue orders," Dresse said. "On the Haitian market, the lowest we'd be getting was between 12 and 15 percent. Plus we had to add to it the fees that c ome with it." C linton also addressed a c ollective of metal sculptors i n the adjacent Croix-desBouquets, a Haitian city long f amous for its artistic community. "Over the long run, what Haiti needs most is for thea bility of every Haitian to make a good living doing what he or she can do best," Clinton told an audience of about 50 metal artisans Tuesday morning. O hio-based steel drum m anufacturer Greif Inc., a member of the Clinton Glob al Initiative, is shipping 40 t ons of steel parts so the H aitian artisans can melt it down and hammer it into elaborate designs and patterns to sell as wall decora tions. About half has already made it to Haiti. T he Croix-des-Bouquets artists said they struggled s ince the quake to find mater ials to create their crafts. After the earthquake, I d idn't have work because markets closed, and the m aterial in the market was too expensive to buy," said 38-year-old metal artisan Jean Pierre RichardD esrosiers. "Now with this material, we can make a profit for the entire community." But supplying the materials needed to create the products is only the first step in ap rocess that must also include e xpanding the artists' access to markets to sell their work, said Deputy Jean TholbertA lexis, who represents Croixd es-Bouquets in Haiti's par liament. "Eight thousand people live directly or indirectly from the income of this metal work. If this road were bet t er, it would make the market more accessible," said Alexis, WASHINGTON Associated Press FITCH RATINGSsaid Tuesday that it would keep its rating on long-term U.S. debt at the highest grade, AAA, and said the outlook remained stable. But it warned that it could lower the outlook to negative if Congress fails to trim future deficits. Fitch's rating was the best given by the three major credit rating agencies. Earlier this month, Standard & Poor's set off a maelstrom in the stock market after it downgraded long-term U.S. debt to the second-highest level, AAplus, for the first time. The third agency, Moody's Investors Service, still lists the U.S. debt at AAA but says its outlook is negative. The Obama administration welcomed Fitch's announcement. Presidential spokesman Jay Carney told reporters on Air Force One that Fitch's rating was in line with the administration's view. Treasury spokesman Anthony Coley added that Fitch's report "underscores the importance of Congress taking additional actions to address our long-term fiscal challenges." In announcing its downgrade Aug. 5, S&P pointed to "political brinkmanship" in Congress over raising the nation's debt ceiling as a reason. Three days earlier, with just hours to spare, President Barack Obama had signed emergency debt-limit legislation to avoid a possible n ational default. Fitch noted the rising proportion of U.S. debt relativeto the economy. But it said it decided to maintain the AAA rating because the "key pillars" of U.S. creditworthiness remain intact, including a "flexible, diversified and wealthy economy." Fitch estimated that the lev el of federal debt that's pub licly traded not held in government trust funds will stabilize at around 85 percentof the economy by the end of the decade. That's higher than in other countries it rates as AAA and "at the limit" of what Fitch would consider consistent with a AAA rat ing, it said. The proportion of debt that's publicly traded now stands at 72 percent of the economy. After Fitch's announce ment Tuesday, investors bought up Treasurys, driving down the yield on the 10-year Treasury note to 2.26 percent from 2.31 percent late Monday. Analysts suggested that the move reflected concerns about Europe's economies rather than relief at Fitch's announcement. Treasury investors, in fact, may largely be ignoring the agencies' ratings of long-term U.S. debt. Investors appear more focused on the weakness of the U.S. economy, the likelihood of continued low inflation and greater confidence in U.S. Treasurys than in other countries' debt. After S&P's downgrade, for example, the U.S. bond market rallied. "The credit agencies don't know any more about government budgets than the guy in the street who is reading the newspaper," said David Wyss, a former chief economist at S&P. The government's debt rating, which measures the possibility that the United States will default, has become a political issue. Republican presidential candidates have cited S&P's downgrade as a symbol of what they call Oba ma's mishandling of the economy. The downgrade came days after Republican lawmakers and the Obama administration agreed to raise the $14.3 trillion borrowing limit by more than $2 trillion in exchange for an equal amount of cuts to deficits over the next decade. The first $917 billion in cuts were negotiated under the deal. But the rest would be handled by a 12-member committee of lawmakers appointed by Democratic and Republican leaders in the House and Senate. If the committee can't agree on cuts or Congress fails to approve them, automatic cuts of $1.2 trillion would go into effect starting in 2013. The committee is supposed to come up with a plan by Thanksgiving. Congress is scheduled to vote on the measure before Christmas. Fitch said it would revisit its rating after the committee makes its recommendations.A failure to agree on at least $1.2 trillion in deficit cuts would likely prompt Fitch to revise its outlook from stable to negative, the agency said. A negative rating, Fitch said, indicates a greater than 50 percent chance of a downgrade within two years. "Markets are going to remain worried about whether this committee can come together to make the hard decisions," said Christopher Rupkey, chief financial economist at Bank of TokyoMitsubishi in New York. expenditures in 2011, of which approximately $55 million to $65 million is expected to relate to sus taining capital expenditures, and $260 million to $320 mil lion is expected to relate to expansion and cost reduction projects. Approximately $210 million to $255 million of these amounts are related to capi tal expenditures in 2011 for the BORCO facility, of which $190 million to $230 million is expected to relate to expansion projects, and $20 million to $25 million is expected to relate to sus taining capital expenditures. Mr Smith said construction on a new inland dock at BORCO had been completed, and installation of a new offshore jetty was set to be finished and operational by the end of the 2011 fourth quarter. A construction agreement had also been signed for the first phase, 3.5 million barrel expansion, at BORCO. Mr Smith said this was on schedule to bring addition al storage capacity on line in the 2012 second quarter. For the three months to end-June 2011, Buckeye said the bulk of international operations revenue was gen erated from storage fees. Revenues included storage fees of $40.9 million, which represent fees charged for storage of various products, berthing fees of $5.4 million, which represent amounts charged to ships that use the facilitys jetties, and other ancillary service revenues of $4.3 million, the company added. Total costs and expenses from the international oper ations segment were $33 mil lion for the three months ended June 30, 2011, and included $15.9 million of costs and expenses related to operating the BORCO facility and the Yabucoa ter minal, including payroll and benefits-related costs, repairs and maintenance costs and lease expenses, and $4.1 million in acquisition and inte gration expenses. BUSINESS T HE TRIBUNE WEDNESDAY, AUGUST 17, 2011, PAGE 3B 326,7,21$9$,/$%/( $'<1$0,&1(:$1'(;&,7,1*&203$1< ZLWKXQLTXHPDUNHWLQJSURGXFWLVVHHNLQJDQ DJJUHVVLYH0DUNHWLQJ5HSUHVHQWDWLYH7KLV SRVLWLRQUHTXLUHVDQH[SHULHQFHFRQGHQWVDOHV SHUVRQEHWZHHQDQGZLWKJUHDWRXWJR LQJSHUVRQDOLW\WKHLURZQWUDQVSRUWDWLRQDQGWKH DELOLW\WRFRPPXQLFDWHHIIHFWLYHO\ZLWKFOLHQWV *RRGFRPSXWHUVNLOOVDUHUHTXLUHGSDUWLFXODUO\ SRZHUSRLQWfDVZHOODVH[FHOOHQWJUDPPDUDQG PDWKHIHUHQFHVDUHUHTXLUHG 3OHDVHUHSO\WR NH\PDUNHWLQJ#JPDLOFRP (QJLQHHUQHHGHGPXVWEHSURFLHQWLQ$XWRFDG FDSDEOHRIGHVLJQLQJDOXPLXPUDLOLQJV VKXWWHUVDQGFXVWRPSURGXFWV $OVRPXVWEHDEOHWRPDQDJHRWKHUV 3OHDVHHPDLOUHVXPHWR ,DQ#KEVPDULQHFRP FROM page one B ORCO EVEN BETTER THAN $90.2 MILLION REVENUE FITCH RATINGS KEEPS US AT AAA RATING OUTLOOKREMAINSSTABLE THE U.S. CAPITOL just after the House voted to p ass debt legislation on C apitol Hill in Washington recently. (AP CLINTON LAUNCHES BUSINESS LOAN PROGRAMME IN HAITI
WASHINGTON Associated Press U.S. AUTOMAKERS rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewer single-family house s, leaving home construct ion at depressed levels. T he mixed data suggest t hat the economy remains fragile but is not on the cusp of another recession. Overall industrial product ion, which includes output b y utilities, mines and factor ies, rose 0.9 percent last m onth, the Federal Reserve s aid Tuesday. That's the l argest gain this year. Factory output, the biggest component of industrial production, climbed 0.6 percent. It was the greatest increase since the March 11 earthquake in Japan disrupted supply chains and slowed p roduction at some U.S. a uto plants. The auto industry accounte d for nearly all of the factory production gains. Motor v ehicles and parts jumped 5.2 percent. Excluding that category, factory output g rew only 0.2 percent. Also driving industrial p roduction higher was an unseasonably hot summer. That led more people tol eave their air conditioners running. Utility output j umped 2.8 percent, the most since December. Mining output also increased. The strong rise in output "suggests that the U.S. econo my is not in a recession n ow, and it's a fairly encoura ging sign that it won't slip into one, either," said Paul Dales, senior U.S. economist with Capital Economics. Still, growth is likely to stay weak in the second half of the year. High unemployment and a dismal housing m arket will weigh on cons umer spending, Dales said. T he Commerce Departm ent said builders began work on a seasonally adjusted 604,000 homes last month, a 1.5 percent decrease from June. That's half the 1.2 million homes per year that economists say m ust be built to sustain a h ealthy housing market. Single-family homes, w hich represent 70 percent of home construction, fell 5 p ercent. Apartment building rose more than 6 percent. Stocks traded lower after t hree days of gains. The Dow Jones industrial average fell roughly 127 points in midday trading. Investors seemed to focus on Germany's economy, which stalled in the second quart er. A weaker Germany c ould slow growth in Europe a s it struggles to contain its d ebt crisis there. T he industrial production r eport confirmed other data t hat show the U.S. economy s trengthened at the start of the July-September quarter,a fter growing at a feeble a nnual rate of just 0.8 percent in the first half of the year. Employers added more than twice the number of jobs in July than in the previous two months. The numb er of people applying for u nemployment benefits earlier this month fell below 4 00,000 for the first time s ince early April. And con s umers spent more on retail g oods in July than in any m onth since March. Manufacturing had been o ne of the strongest sectors o f the U.S. economy in the two years since the recession officially ended. It has weakened in recent months. Economists had blamed the decline in part on temporary factors. The crisis in J apan caused a parts shorta ge for some U.S. automakers and other manufacture rs. High fuel prices left cons umers with less money to s pend on discretionary g oods, such as appliances a nd furniture. "The increase in manufact uring production suggests t he economy is finally emerging from distortions posed by the Japanese production shutdowns, which wreaked havoc on the global manufacturing supply chain," said Joseph L aVorgna, chief U.S. econo mist with Deutsche Bank Securities. A uto production will likel y stay high this year. M anufacturers are racing to replace inventories depleted by the Japan disruptions. That should also contribute to overall economic growth, said Michael Robinet, ana uto industry analyst with IHS automotive. But housing is likely to keep dragging on the econo-m y. T he number of homes under construction in July was the fewest in 40 years.J ust 413,000 homes are under construction, after accounting for seasonal factors. A decade ago, roughly 1.6 million homes were built. Building permits, a gauge of future construction, declined 3.2 percent in July. Jill Brown, vice president of economics at Credit Suisse, said that decline suggests" very little forward momen tum." After previous recessions, h ousing accounted for 15 p ercent to 20 percent of overall economic growth.B ut between 2009 and 2010, h ousing contributed just 4 percent to the economy. Though new homes represent just 20 percent of the overall housing market, they have an outsize impact on the economy. E ach home built creates a n average of three jobs for a year and about $90,000 in t axes, according to the N ational Association of H ome Builders. New-home sales fell in June to a seasonally adjusted pace of 312,000 homes per year. That's less than half the 7 00,000 per year that economists consider to be healthy. One reason for the slow pace is that previously occu-p ied homes are a better deal t han new homes. The medi an price of a new home is more than 30 percent highert han the median price for a re-sale. That's more than twice the markup in healthy housingm arket. Still, all home sales are weak. Even historically low mortgage rates haven't been enough to boost demand. "The now-extended peri od of ultra-low interest rates is not squeezing any newd emand out of the rock," said Pierre Ellis, an analyst at Decision Economics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f/,0,7(' f 127,&(,6+(5(%<*,9(1DVIROORZV $7/$17,&5,&+),(/'$0%$/$7 ,1'21(6,$f/,0,7(' LVLQGLVVROXWLRQ XQGHUWKHSURYLVLRQVRIWKH,QWHUQDWLRQDO %XVLQHVV&RPSDQLHV 7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\ FRPPHQFHGRQWKH WK -XO\ZKHQLWV $UWLFOHVRI'LVVROXWLRQZHUHVXEPLWWHGWRDQG UHJLVWHUHGE\WKHHJLVWUDU*HQHUDO 7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV0U 'HODQR$UDQKDRI2FHDQ&HQWUH0RQWDJX )RUHVKRUH(DVW%D\6WUHHW3%R[ 1DVVDX%DKDPDV 'DWHGWKH WK GD\RI '(/$12$5$1+$ /,48,'$725 1 2 7 & ( $7/$17,&,&+),(/'%8.$7/,0,7(' 127,&(,6+(5(%<*,9(1DVIROORZV $7/$17,&5,&+),(/'%8.$7 ,1'21(6,$f/,0,7(' LVLQGLVVROXWLRQ XQGHUWKHSURYLVLRQVRIWKH,QWHUQDWLRQDO %XVLQHVV&RPSDQLHV 7KHGLVVROXWLRQRIWKHVDLG&RPSDQ\ FRPPHQFHGRQWKH WK -XO\ZKHQLWV $UWLFOHVRI'LVVROXWLRQZHUHVXEPLWWHGWRDQG UHJLVWHUHGE\WKHHJLVWUDU*HQHUDO 7KH/LTXLGDWRURIWKHVDLG&RPSDQ\LV0U 'HODQR$UDQKDRI2FHDQ&HQWUH0RQWDJX )RUHVKRUH(DVW%D\6WUHHW3%R[ 1DVVDX%DKDPDV 'DWHGWKH WK GD\RI '(/$12$5$1+$ /,48,'$725 1 2 7 & ( $5&2))6+25(,1,'$'f/,0,7(' f 127,&(,6+(5(%<*,9(1DVIROORZV $5&22))6+25(,1,'$'f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assembly worker Julaynne Trusel works a on a 2012 Chevrolet Volt at the General Motors Hamtramck Assembly p lant in Hamtramck, Mich. A busy month for U.S. automakers lifted overall factory output in July by the most since the Japan crisis. A stronger manufacturing sector is the latest evidence that the economy may not be as weak as some had feared. (AP AUTOMAKERS REBOUND TO LIFT FACTORY OUTPUT
P ARIS Associated Press THE LEADERSof France and Germany called T uesday for greater economi c discipline and unity among European nations but d eclined to take the expens ive financial measures seen b y many investors as the only way to halt the continent'ss piraling debt crisis. T he Dow Jones industrial average fell, the euro slid against the dollar and key European markets edged down in off-hour trading after Chancellor Angela Merkelof Germany and French P resident Nicolas Sarkozy a nnounced the results of their e mergency talks in Paris. S arkozy called for a "new e conomic government" for E urope that would meet at least twice a year with European Union President Herman Van Rompuy as its head, but he offered few other details or indications that the body would have real p ower. Merkel and Sarkozy also called for all euro zone n ations to enact constitutiona l amendments requiring bala nced budgets. They said they want the process com pleted by the summer of 2 012, but it would almost certainly run into protracted political difficulties in many countries. B oth leaders said the moment was not right to replace 17 government bonds with a single one allowingw eaker economies to borrow in cooperation with the pow erhouse economies of France and Germany. A growingn umber of experts are call ing for the eurobond as a way to prevent the unaffordable interest rates that have dri-v en Greece, Ireland, and Portugal to seek bailouts from the eurozone countries andt he International Monetary F und. New figures show slowing French and German growth, a nd the German government fears it would face higher borrowing costs and more risks ifit had to borrow jointly with financially shaky nations. "We have exactly the same position on euro bonds,"S arkozy said. "One day we c ould imagine them, but at t he end of a process of Europ ean integration, not at the beginning." The Dow fell as many as 1 90 points shortly after 1 p.m. in New York, a sign of clear market disappointment with the lack of immediate action. M erkel and Sarkozy also said they did not want to increase the size of the EU's 4 40 billion euro rescue fund, w hich may have to take over a massive, multibillion euro European Central Bank program to support the prices of S panish and Italian bonds by buying them up on the open m arket. The ECB spent 22 billion euros ($32 billion the first week of the program a lone and says it wants to hand off that responsibility i n coming months to the rescue fund, or European Financial Stability Facility. S arkozy described the EFSF's current funding as "a c onsiderable sum" and "sufficient." Transactions T he two leaders also prop osed a Europe-wide tax on financial transactions and pledged to harmonize theirc ountries' corporate taxes in a move aimed at showing the eurozone's largest members are "marching in lockstep"t o protect the euro. S hares of financial markets operators, such as NYSE Euronext and the Interconti nentalExchange Inc., already under pressure as part of a broader sell-off of financial stocks, tumbled. N YSE Euronext fell 10 percent, or $2.87, to $26.10, leading the S&P 500 Index in percentage losses. TheI ntercontinentalExchange was not far behind, falling 5.5 percent, or $6.33, to $110.10,t he third biggest loser on the S &P. Investors may be concerned about how the euro bloc will put in place what its leaders have suggested and how a proposed tax on finan cial transactions may effect demand for European assets,s aid David Gilmore of Fore ign Exchange Analytics in E ssex, Connecticut. On the surface, it sounds very bold, a federal 'eurozone,'" Gilmore said. "Thep ractical part still seems, to me anyway, to be a pipe dream." He said the plan to form a d eeper fiscal union among the 17 countries using the euro "made the euro credib le," but governments might n ot want to surrender their r ights to set tax and budget policies. But some analysts say only t ighter fiscal convergence between the euro zone's 17 m embers, with the block's strongest members guaranteeing the debts of the weake r partners, will resolve a crisis that has dragged on for n early two years and resulted in a string of sovereign bailouts worth hundreds ofb illions of euros. Sarkozy and Merkel s tressed their commitment to defending the common curr ency, a cornerstone of integration on this long-fractured continent. They presented their pro posals after meeting Tuesday i n Paris amid signs of econ omic slowdown, and after an exceptionally turbulent week on financial markets prompted by concern about Europe's financial health. Sarkozy told reporters that h e and Merkel want a "true E uropean economic govern m ent" that would consist of t he heads of state and gove rnment of all eurozone n ations. The new body would meet twice a year and more in times of crisis and be led initially by Van Rompuy for a 2-year term. After that, Sarkozy suggested, it could b e opened up to other heads o f states and government. Integration The move appeared a step toward the closer long-term e conomic integration that many analysts have said is inevitable to make the euro experiment survive, though it was unclear how much effect it would have in the short term. There has to be a stronger coordination of financial and economic policy" to protectt he euro, Merkel said. Some were not impressed. "Investors might be left w ondering what was the p oint of this meeting," said N eil MacKinnon, economist a t VTB Capital in London. M acKinnon said the mea s ures outlined amounted to "well-intentioned rhetoric" but are not the "silver bul let" needed to settle Europe's debt and banking crisis once and for all. The chancellor stressed t hat the crisis built up over s everal years by the actions of several member states, and t here is no solution to tackle t he crisis within days now. We will regain the lost confidence," she said. "That is why we go into a phasew ith a new quality of cooperation within the eurozone," she added, referring to the proposal of forming a permanent economic government for the eurozone. Sarkozy and Merkel will s end a letter outlining their p roposals to Van Rompuy on Wednesday. The leaders want the new budget rules to be enshrined in euro zone constitutions by s ummer of next year. T hey said the common F rench-German corporate t ax would be established by 2 013. T he two leaders ruled out, however, issuing common government debt in the form of eurobonds, at least for now, despite demand by many investors for such a bold but politically difficult m ove. S arkozy said that euro bonds could be considered one day, but at the end of a p rocess of European integrat ion, not at the beginning." In afternoon trading in New York Tuesday, the euros lid to $1.4385 as investors digested the proposal for greater coordination. It had spiked to $1.4472 immediately after French President Nicolas Sarkozy and German ChancellorA ngela Merkel announced t heir plan. Late Monday, it was worth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icolas Sarkozy and German Chancellor Angela Merkel. (AP
N EW YORK A ssociated Press W AL-MART STORES I NC. posted a second-quar ter profit increase of 5.7 percent on Tuesday and raised its outlook for the year asi ts results benefit from international sales growth and cost cutting. But the world's largest retailer was unable to stop a two-year sales slump at its Walmart stores in the U.Sa s customers continue to g rapple with a weak job market and other economic woes. While its international business has consistently been strong, Wal-Mart'sU .S. operations have suff ered as the nation's econ omic downturn has pummeled low-income Ameri cans __ Wal-Mart's core cus tomers. That's bad news for the U.S. economy since WalMart is considered a bellwether for consumer spending, which accounts for 70 percent of the economy. The retailer rings up nearly 10 percent of all nonautomo tive retail dollars spent in the U.S. "It's clear that many con sumers are still struggling," said Mike Duke, CEO of Wal-Mart Stores Inc., in a pre-recorded call. "They're trading down to stretch their budgets, buying a lowerpriced brand of detergent, moving from branded canned goods to private label and purchasing half gallons of milk, instead of gallons. That's why we are laser-focused on investing in price to help our cus-t omers." A t a time when Ameri cans are being squeezed by a weak job and housing market and rising costs for everything from food to clothes, Wal-Mart customers show that many consumersa re still finding it hard to make ends meet. In its monthly survey of cus tomers, the retailer found t hat almost 40 percent of those polled are holding off or eliminating items theyw ould normally buy. The c ompany also found that job security is the biggest con cern among its customers, with more than 15 percent of mothers saying they have experienced the loss of a household wage earner's job in the last year. Revenue Those worries contributed to the ninth consecutive quarter of declining revenue at Walmart stores in the U.S. open at least a year, a key measure of a retailer's health in the U.S. A 5 per cent increase at its Sam's Club chain partially offset that decline, causing revenue at stores open at least a year to be flat for the overall U.S. division. Overall, revenue, exclud ing Sam's Club membership fees, was up 5.5 percent to $108.6 billion. Results were buoyed by Wal-Mart's international business, which produces 26 percent of its rev enue. The company's inter national division was up 16.2 p ercent. T he retailer, based in Ben tonville, Ark., reported net income of $3.8 billion, or $1.09 per share, in the three months ended July 31. That compares with $3.6 billion, or 97 cents per share, in thes ame period last year. Ana lysts had expected $1.08 per share on revenue of $108.08 billion. W al-Mart said it will con tinue to improve results. The company said revenue ats tores open at least a year a t its Walmart stores in the U.S. is improving and reit erated that it expects to see growth in that measure by the year's end. The company noted that the 0.9 percent decline in the second quarter was smaller than the 1.1 percent drop it had in the first quarter and a 1.8 percent decrease during last year's fourth quarter. And after a difficult start to May, Wal-Mart said business improved in June and July. Wal-Mart said results are improving because U.S. cus tomers are beginning tor espond to its turnaround strategies. Mer chandise A fter consumers balked a t popular brand names and other merchandise they want being missing from store shelves, the company has been restocking those items that it had scrapped in an overzealous move toc lean up stores. And its returning to a philosophy of everyday low pricing instead of slashing prices temporarily on select merchandise is resonating with its financially-strapped customers. For the third quarter, Wal-Mart expects earnings to be in the range of 95 cents to $1.00 per share, while analysts had expected 97 cents per share. Wal-Mart raised its full-year guidance to a range of $4.41 per share to $4.51 per share, comparedw ith the forecast it gave in February of $4.35 per share to $4.50 per share. Analysts had expected $4.46 pers hare. Charles Holley, chief financial officer, said in as tatement that the outlook r eflects "our confidence for the back half of the year." Company officials, however, said they still havem ore work to do. Recent surveys, including one from WSL Strategic Retail, show that Wal-Mart that shoppers no longer believe that it's the low-price leader. Holley acknowledged that over the past three years the company had allowed the gap between its prices and those of competitors to slip. He said the company now is working with suppliers in lowering costs. "We are very focused on widening the gap," he said. At a time when its cus t omers are being hurt by the economic downturn, WalMart also is facing more competition from dollars tores, online retailers and rival Target Corp., which is aggressively pushing into theg rocery business. Stor es To better compete with dollar stores and the like,t he company this year is opening 15 to 20 smaller Walmart Express stores, which are less than onetenth the size of supercenters. Holley said on Tuesday that the company has been pleased with sales at the four Walmart Express stores it opened this past summer. Wal-Mart shares rose $1.93, or almost 4 percent, to $51.91. BUSINESS T HE TRIBUNE WEDNESDAY, AUGUST 17, 2011, PAGE 7B 67(5/,1(6(5$3+,1RI %$&$5',52$'1$66$8%$+$0$6 %DUWRQ'XQFDQVRQRI3 1$66$8%$+$0$6 (662(;3/25$7,21$1''8&7,21$1*2/$ %/2&.;;9,f/,0,7(' f 127,&( 3XUVXDQWWRWKHSURYLVLRQVRI6HFWLRQRIWKH ,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FWQRWLFH LVKHUHE\JLYHQWKDWWKHDERYHQDPHG&RPSDQ\KDV EHHQGLVVROYHGDQGVWUXFNRIWKH5HJLVWHUSXUVXDQWWR &HUWLFDWHRI'LVVROXWLRQLVVXHG7KH5HJLVWUDU*HQHUDO 'DWHGWKHWKGD\RI$XJXVW &DURO**UD\ /LTXLGDWRURI (662(;3/25$7,21$1''8&7,21$1*2/$ %/2&.;;9,f/,0,7(' T HE WAL-MART LOGO i s disp layed in Springfield, Ill. WalMart Stores Inc. said Tuesday, its second-quarter profit rose 5.7 percent, fueled by strong international sales and expense c utting. But the world's largest r etailer still wasn't able to r everse a two-year U.S. sales slump. (AP OVERSEAS STRENGTH LIFTS WAL-MART 2Q PROFIT 5.7 PCT A WAL-MART WORKER pulls carts at a Wal-Mart store in Pittsburg, Calif. (AP
A TLANTA A ssociated Press HOME DEPOT INC.'S second-quarter net income rose 14 percent as shoppers p icked up lawn and garden p roducts and made stormr elated repairs during the summer, the company said Tuesday. The nation'sl argest home-improvement retailer also raised its earnings guidance. The results sent Home D epot shares up 5 percent in morning trading and are a positive sign that cons umers are feeling slightly b etter about spending mone y to improve their homes. P urchases over $900, which a ccounts for about 20 perc ent of Home Depot's revenue, rose 5.4 percent during the quarter. Transac tions under $50 were flat. "Our second-quarter results were driven by a rebound in our seasonal b usiness, storm-related r epairs and strength in our core categories," said CEO F rank Blake. H e added that results w ere positive in the North, South and Western U.S., indicating a "stabilizinge nvironment across the country." The news came even as T he Commerce Department reported that builders began work on a seasonally adjusted 604,000 homes lastm onth, a 1.5 percent d ecrease from June. That's half the 1.2 million homes per year that economistss ay must be built to sustain a healthy housing market. And the results stood in contrast to smaller rivalL owe's, which a day earlier in part blamed bad weather for its flat second-quarter earnings and cut its revenuef orecast. Its shares rose 15 cents to $19.83. Home Depot said it g ained market share in seve ral categories including flooring, plumbing, electric al lighting and kitchens. N et income rose to $1.36 billion, or 86 cents per share, during the three months ended July 31. That's up from $1.19 billion, or 72 cents per share, in the same period last y ear. Analysts expected net income of 83 cents per s hare, according to FactSet. R evenue rose 4 percent t o $20.23 billion. Analysts predicted $19.97 billion. Revenue in stores open atl east a year, considered a key gauge of a retailer's financial health because it excludes stores that openo r close during the year, rose 4.3 percent globally and 3.5 percent in the U.S. The results show a "real l y strong quarter," said Janney Capital Markets ana lyst David Strasser in note t o investors. Home Depot i s "operating at a high level, taking chances where appropriate in merchandising, leveraging technologyi nvestments, and benefiting from a return to more localized marketing andm erchandising in the store," he added. Home Depot said heat w aves as the quarter progressed drove sales of ceili ng fans and refrigerators. W inter and spring storms and tornadoes helped fuel s ales of roof, gutter and lawn repair products as well as cleaning supplies and water pumps. Lowe's had also said that r epairs after storms helped results, but added that heat a nd drought hurt its results in the Gulf Coast. Spring and summer are t he most important seasons for home-improvement retailers since people spend more on their lawn and gar d en projects during those m onths. Home-improvement retailers haves lumped for more than t hree years after shoppers cut back on big-ticket ren ovation projects because of the moribund housing mar k et and weak economy. Home Depot has said that its sales performance is increasingly more correlated with the U.S. gross domestic product growth than the housing market.B ut in the current quarter, t hat was not the case, even though the company said its results are still closely tied to GDP growth. "We expect that certain quarters will exhibit such ad isconnect as there are fact ors such as weather-relat e d sales, storm damagerelated sales and event driven sales that on a short term basis can't be matched to any specific economic statistic," said CFO Carol Tome. Home Depot, based in Atlanta, raised its full-year earnings guidance to $2.34 per share from $2.24. Analysts had expected $2.30. It still expects yearly revenue to rise 2.5 percent. On Monday, Mooresville, N.C.-based Lowe's said its second-quarter net income was nearly flat as its revenue rose 1 percent to $14.54 billion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f 1HJRWLDWHORDQVWUXFWXUHFRYHQDQWVDQGORDQ GRFXPHQWDWLRQ ([SHULHQFHLQVPDOOEXVLQHVVRUFRPPHUFLDOORDQ XQGHUZULWLQJ $QDO\VLV DQGVSUHDGLQJRISHUVRQDOQDQFLDO LQIRUPDWLRQDQGWD[UHWXUQV ([SHULHQFHLQKDQGOLQJLQWHUQDWLRQDOOHQGLQJ SURJUDPVLQWKH$PHULFDVZLWKSDUWLFXODU HPSKDVLVRQ&DQDGDDQGWKH%DKDPDV 4XDOLFDWLRQV &ROOHJHGHJUHHUHTXLUHG%$RU(TXLYDOHQWLQ EXVLQHVVDGPLQLVWUDWLRQQDQFHDFFRXQWLQJRU HFRQRPLFVLVSUHIHUUHG 6WURQJQDQFLDODQDO\VLVDFFRXQWLQJDQGFUHGLW VNLOOV \HDUVRIFRPPHUFLDOFUHGLWDQGRUUHOHYDQW EDQNLQJH[SHULHQFH 8QGHUVWDQGLQJRIORDQGRFXPHQWDWLRQ 6WURQJQHJRWLDWLRQVNLOOV 6WURQJFRPPXQLFDWLRQVNLOOVDQGSURFLHQF\LQ :RUG([FHODQGRZHU3RLQW 5HVLGHQWLDODQGFRPPHUFLDOUHDOHVWDWHDQG OHQGLQJH[SHULHQFHLVHVVHQWLDO 4XDOLHGFDQGLGDWHVVKRXOGHPDLOWKHLU&9 LQKRXVHFRXQVHO#\DKRRFRP 127,&( ,17(51$7,21$/%86,1(66 &203$1,(6$&7 :06/7' 1RWLFHLVKHUHE\JLYHQLQDFFRUGDQFHZLWK6HFWLRQ RI WKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHVRI WKH'LVVROXWLRQRI :06/7' KDVEHHQFRPSOHWHG &HUWLFDWHRI'LVVROXWLRQKDVEHHQLVVXHGDQGWKH&RPSDQ\ KDVWKHUHIRUHEHHQVWUXFNRIWKH5HJLVWHU7KHGDWHRI FRPSOHWLRQRIWKHGLVVROXWLRQZDVWKH WK RI 0D\ &ODXGLRHOOR /LTXLGDWRU TOM MALONE lashes building materials down to his truck at a Home Depot store in North Little Rock, Ark. Home Depot Inc.'s second-quart er net income rose 14 percent as shoppers picked up lawn and garden products and made storm-related repairs during the summer, company said Monday. It also raised its earnings guidance. (AP HOME DEPOT 2Q NET INCOME RISES ON STORM REPAIRS EARNINGS GUIDANCEALSORAISED CUSTOMERS shop at a Home Depot store in North Little Rock, Ark. (AP O O u u r r s s e e c c o o n n d d q q u u a a r r t t e e r r r r e e s s u u l l t t s s w w e e r r e e d d r r i i v v e e n n b b y y a a r r e e b b o o u u n n d d i i n n o o u u r r s s e e a a s s o o n n a a l l b b u u s s i i n n e e s s s s , s s t t o o r r m m r r e e l l a a t t e e d d r r e e p p a a i i r r s s a a n n d d s s t t r r e e n n g g t t h h i i n n o o u u r r c c o o r r e e c c a a t t e e g g o o r r i i e e s s . Home Depot CEO Frank Blake SAN FRANCISCO Associated Press DELL INC.'S second-quarter net income rose 63 per cent on stronger spending by corporations and government agencies. But its stock dropped as revenue fell short, and the computer maker low ered its revenue forecast. The stock fell 94 cents, or nearly 6 percent, to $14.86 in extended trading Tuesday, after the results were reported. Net income rose to $890 million, or 48 cents per share. Dell, which is based in Round Rock, Texas, earned 54 cents per share on an adjusted basis, which beat the average estimate of 49 cents per share from analysts polled by FactSet. In the same period last year, Dell earned $545 mil lion, or 28 cents per share. Revenue rose 1 percent to $15.66 billion, slightly short of the $15.75 billion that ana lysts expected. For the full year, the company expects revenue to grow 1 percent to 5 percent, citing decisions to invest in more profitable business lines and "a more uncertain demand environment." It previously expected growth of 5 percent to 9 per cent. The new forecast translates to a range of $62.1 billion to $64.6 billion. DELL LOWERS REVENUE FORECAST, SHARES FALL
N EW L ADY GA GA VI DEO T O PREM I ER TO MOR ROW J ARRE SSA J OHN SON OU T TO M AK E A F ASHI ON D I FFE REN CE I L O V E M Y L I F E DE M A R C O T O P E R F O R M L I V E I N C O N C E R T WEDNESD A Y A UGUST 17, 2011 TH E T RI B U N E S E C TI O N C DOONGALIK Studios was packed to capacity for a special launch party for the Jackson Burnside issue of the Caribbean architecture magazine Insitu Arch. At the party it was revealed that Dirk Saunders has been chosen as Mr Burnside's successor at the Jackson Burnside Limited architecture firm. Mr Burnside's widow, Pam Burnside, opened the evening on a light-hearted note before making the announcement. The event was also used to raise funds for a design and research library in the late architect's honour. Launch party for the Jackson Burnside issue of the Insitu Arch Magazine Honouring the legacy of a Bahamian E G E N D L Photos by Ronnie Archer DAYNE and Lynda D'Aguilar. MELISSA Maura and Pam Burnside, widow of the late Jackson Burnside. ARLENE Nash-Ferguson and Cappecienne Brown. KISHAN Munroe, Krista Thompson and Maggie Carey. MARCUS Laing, Val Pintard-Flax and Kenrad Wilchcombe. ARTISTS Jay Koment, John Cox and Toby Lunn. MICHAEL Symonette, Lelawatee Monoo-Rahming, Hammond Rahming and Heather Thompson. CHERRAN O'Brien and Vanessa John.
A GROUP of talented young Bahamians with the determination to make it to the top have joined together to present "Fashion & Entertainment". The event takes place this Friday at the Breezes ballroom from 8pm to 11pm. I t s a f a s h i o n s h o w t h a t d e sig n e r Ja rre ssa J oh nson is d e term in e d to m ake "different and down-home". S h e h as b ee n wo rk i n g at t h e s ewi n g mach i n e ni gh t an d d ay for m on ths now, in or d e r to present her handiwork to the public. Her co l lect io n exud es t ru e isl an d -st yle an d has l o ts o f functional, classic pieces for a woman's wardrobe. But Jarressa doesn't stop at designing garments. Sh e h as an ent irely sep a rate c o llectio n o f a ccessori e s s u c h a s n e ck l ac es ea r ri n gs b r ac el e t s a n d a d o r n m en t s f o r the feet and ankles. In add iti on she will b e p rese n tin g a lin e o f bag s, c reating three collections that can be mixed and matched for various occasions. Al l o f h er d esi gn s f eatu r e n ati ve Ba ha mia n r aw mat er ial s su ch as sh ell s, seed s, sto n es an d s traw in ter min gl ed with fabric and other materials. Rat h er th an p resen t h er fas h io n sh o w sep ar atel y, J arressa realised that there were so many talented young p e o p l e aro u n d h er t h at year n ed t o h ave o p p o rt u n i t ie s t o perform, so she called them all together. The gr oup c onsis ts of te e nag e r s and young adult s wh o w ill be di spl a yi ng th e i r a rt istry th rou gh vario us art forms such as singing, dancing, and drama. The selection process resulted in a group of enter tainers who have what it takes to wow the crowd with th e i r performin g a b ilities, J are ssa said. J arre ssa said all of the girls modelling in her show actually aspire to b eco me p r o f es s i o n al m o d el s o r a re a l re ad y g et t i n g ex p o sure and have some experience in the field. This is the first year of "Fashion & Entertainment", but plans are to make it an annual event and the per formers are counting on the public's support to make that happen. T H E T R I BU N E S E C T I O N C A R T S & E N T E R T A I N M E N T 02 WEDNESDAY, AUGUST 17, 2011 "You never see it coming Then the next you know... unconditional love... unconditional love She ain't looking for no diamonds And digging for no gold Just somebody to love... unconditional love Woaaah" Reggae Artist Siccature "Jah Cure" Alcock has found unconditional love as he and longtime girlfriend, media personality and former Miss Jamaica Kamila McDonald, tied the knot at a ceremony held in the Beach Hall of the Tryall Club in Hanover, Jamaica. Joined by family members and close friends, the couple made their vows in the tradi tion of the Ethiopian Orthodox Church. Just hours before the wedding, Jah Cure expressed his "Uncon ditional Love" for Kamila with the release of a new song titled, "Only You," which he then performed at the wedding. U N C OND IT ION AL LOV E Jarressa Johnson one of the young talented Bahamians to showcase their talents at Fashion & Enter tainment' F A S H I O N DIFFERENC E MAKING A
By ALESHA CADET Tribune Features Reporter J AMAICAN hip-hop and dancehall star, Demarco is set to put on a massive show at Charlie's Night Club, East Bay Street, this Saturday, August 20. Under the theme "Love Ya Life", Triple Crown Enter tainme n t presents De mar c o L ive in Conc er t. Triple Crown Entertainment is a promotion compa ny t h at is based here in N ass a u. The group is he aded by promoter, Jaimee Gaskins. The entire weekend is slated to be full of excite ment, with the pre-party kicking off this Thur sday at C lub W ate rloo The c onc e r t on S atu r d ay w il l offe r the sounds from Nassau's finest Dj's. I n an inter view with T r ibun e Enter tainm e n t Ms Gaskins explained her reasons for choosing Demar co f or th is p art icul ar ev ent: I de c i ded t o go wit h Demarco bec aus e of the pos itive and inspi rational m es s a ge s ma ny o f hi s s on g s s e nd t o h is l i s te ne r s De m a rc o h a s pe r fo rm e d i n N a ssa u b e fo re pe r fo rm in g the hit single Fallen Soldiers." Tribune Entertainment understands Ms Gaskins is n o s tr a n g e r to t h e e n te rta inm e nt li fe J ust a fe w months ago she held a very successful "All of t h e L i g h t s f e a t u r i n g A merican Rapper and So ng w rit e r, Tri na a l on g wit h the ris ing Hawaii a n b a s e d r e c o r d i n g a r t i s t J B o o g a t C l u b Luna. T h e c o n c e r t h i g h l i g h t e d t h i s S u m m e r s ea s on a s T r i na an d J Boog brought the heat. I a m t h e u l t i m a t e fan of Kanye West and I follow his music very c l o s e l y M a n y o f h i s so n g s I c a n r e l a t e to a n d "A ll o f T he L ight s" i s one of th em I thi nk th e p h r a s e A l l o f T h e L igh ts i s abo ut li ving a cer tai n lif es tyl e, one o f c o n s t a n t l i m e l i g h t a n d l u x u r y W i t h t h e help of Cyclone Enter ta in m en t a nd a fe w ot he r s I am l ea r n in g th e r o p e s o f t h e b u s i n e s s a n d I t h in k th a t p la n n i n g a nd p ro m o t in g t h is p a r t y w i l l giv e me the e xposure to be a ble to 'sprea d my w ings' in my future ventures." Going further on the Demarco concert, Ms Gask ins added: "The Love Ya Life theme was chosen to r efle ct Demarco's latest hit s ing le o f course, but a ls o t o r emi nd in div idu als esp ecial ly th e youn ger ones that the life God has blessed us with is beautiful and wo rth l iv ing for th e rig ht th in gs. W e a l l kno w c rim e i s a major is sue and sadly it's being f uele d by thin g s with n o t rue value, so I feel that thi s mess age h a s come at the right time." She explains that her expectations for the concert are po sit iv e So fa r I'm rea l ly i m pre sse d by th e nu mbe rs o f p e op l e w h o s a y t he y w il l a t te n d R a di o a d s a re pl ay in g a b ig rol e in h y pi ng t hi s e v en t as w e ll It lo ok s as if Love Ya Life will be a success. "B ef ore De ma rc o p erfo rms we wi ll ha ve a list of w e ll k no w n DJ s m ak e su re t he c ro w d i s re a dy fo r t h e m a i n e v e n t S u p a Ma r io D J Ig n i t e D J P a m a DJ B laz e, DJ Payne, w ill a ll perform in Cha r lies Club this coming Saturday," she said. Ms G a s k i n s t e l l s u s t h a t Lo v e Y a L i f e h a s b e e n s p o n s o r e d b y T R I P L E C R O W N E NTE RTAINME NT al ong w ith Sa nds Be er, Bacard i 'T OGET HER' Carm ichael Mo tor S p o r t s a n d B l a c k C a r p e t E n t e r t a i n m e n t T r i p l e C r o w n i s t h e m a i n e n t e r t a i n m e n t g roup be hin d t his eve nt but a ll sponsors ha ve been instrumental in making Love Ya Life possible," she said. A l l i n t e re st e d p e r so n s c a n p u rc h a s e ti c k e t s a t A l p h a S o u n d s a n d A i r b r u s h Junkies in the Mall at Marathon. T H E T R I BU N E S E C T I O N C A R T S & E N T E R T A I N M E N T 03 WEDNESDAY, AUGUST 17, 2011 August 18 Thursday D O C TORS H OS P I T AL L ECTURE SERI ES The Doctors Hospital holds a lecture discussing children's health. Begins at 6pm in the conference room. Telephone: 302-4713 to RSVP. August 19 Friday ANN A PR OCTO R' S P A CIUGO Anna Proctor presents her exhibition "Pacuigo", a mix match of sweet things, a messy concoction. Circus folk and the girl next door. The theme is explored across a range of media including drawing, painting and printmaking all in a palette of ice cream colours. At the Cube West Gallery, West Bay Rd. From 6pm9pm. T: 362-4702. See gillian @thecubewest.com. August 19Friday FA SHION & E NTERTA INM ENT The event takes place at Superclubs Breezes ballroom from 8 to 11pm. The event features clothing, jew elry, and bags designed by Jaressa Johnson classic pieces with a distict island flair. Entertainment provided by dynamic young aspir ing Bahamian performers singing, dancing, modelling and giving dramatic presentations. Tickets $15. For tickets call 558-3581 or ass email@example.com. August 20 Saturday TH E ICREA TE MUSIC AL L A C CESS S EM I N A R BahamaBeats Production presents the iCreate Music All Access Seminar which is being held at The Lucayan Room, Sheraton Nassau Beach Resort. Features A&R reps from Jay Z's Roc Nation, Warner Bros. Records and Sony ATV Music Publishing. This seminar is a great opportuni ty for persons wishing to fur ther their careers in the music industry. Includes informative panels, a music showcase and a beat battle. Space is limited and all music submitted must be screened in advance to be heard by the panelists. Telephone: 422-6524. E:mail: iCreateMusicSeminar@gmai l.com. August 25 August 28 G R AND B A H AMA R EG A T T A ( GR AND BAHAMA) The Grand Bahama Regatta will be held on Taino Beach, Grand Bahama. By CAPITAL CITY MARKETING IN C E LE B R AT ION o f J am a i c a' s 4 9 t h a n n i v e r s a r y o f i n d e p e n d e n c e a n d th e B a ha m a s' E m an c i pa t io n ho l id a y, th e J am a ic a n /B a h a mi a n C o n ne c ti o n h os te d i ts an nu al Jamai can In depe n de n c e an d B a ha m ia n E ma n c ip a t i o n D ay C el e br at i o n du r i n g t h e A u g u s t M o n d a y h o l i d a y o n t h e g r o u n d s o f t h e Q u e e n E l i z a b e t h Sp ort s Ce n tre Pro ud spo nso rs c on tr i bu t i ng to t h e f e st iv e e v e nt i n c l u d e d Ai r J a m a i c a R e d S t ri p e N e g r il C a f B TC s Ta l k It U p C al l in g C a rd a n d R ad i at or Te c h P at ro ns b eg a n f il i ng in f ro m no o n un ti l c lo sin g a t a bo u t 1 am a t t he fr ee c el eb rat ory e v en t. H av in g g row n i n p o p u l a r i t y a n d s i z e o v e r t h e y e a rs t h e e ve nt bo as te d o ve r 3, 0 00 p at r o ns Th ron g s of in di v id u al s, fa m il ie s a n d fri en ds a tt en de d t he c e l eb ra tio n fo r mo ut hw at er in g C a ri bb ea n c u isi n es, m u s i c e n t e r t a i n m e n t a n d c u l t u r e F e s t i v a l g o e r s h a d t h e o p p o rt u n i t y t o p a r t ic i pa t e in fu nfi ll e d ga m e s a nd c o nt e s t s w i t h c h a n c e s t o w i n e x c i t i n g g i v e aways an d mu c h mor e. Or ganis er s a i m e d t o m a k e t h e e v e n t f a m i l y e n j o y a b l e a s t h e y p r o v i d e d a K i d d i e C o r n e r th a t wa s a n in sta nt h it w it h pa re nts a n d c hi l dre n W i t h a v a s t n u m b e r o f p a t r o n s g a t h e r e d n u m e r o u s v e n d o r s w e r e a t h a n d s e l l i n g a n d p ro v i d i n g s a m p l e s t h a t v a r i ed f r o m Jam a ic an an d Ba h am i an c u i s i n e s e n t r e e s a n d b e v e r a g e s A v a i l a b l e f o r p u r ch a s e w e r e a l s o g o o di e s fo r t h e k id s, j e w e l ry c lo t hi n g a n d mu c h m o re G ra c e Fo o ds, sh ow c asin g its thirst q uen chi ng C oc onut W a t e r a n d t a s t e f u l N o u r i s h m e n t p r o d u c ts w a s o n e of t he e v e nt s' v e nd or s. T he b r an d' s t as t y de li gh ts s uch a s C o c o S lu sh G ul ly W a sh, C oc o Sl id e I s l a n d S u n r i s e a n d N o u r i s h m e n t Vanilla, Str aw ber ry and C hocolate s l u s h e s w e re w h i p p e d u p b y l o c a l b e v e ra g e m i xe rs Isl a nd B o y z By JEFFARAH GIBSON Tribune Features Reporter B A H A MI A N a rt i s t S k e t c h i s g a r n eri ng a lot of a tte nt ion f rom mu sic fa ns due to his rec en t c ov er v ersio n o f L i l W a y n e s s i n g l e H o w t o Love'. T h e s o n g w h i c h a c c o r d i n g t o S k e t c h w a s d o n e d u r i n g a l i t t l e "pl ayt im e" i n t he s t ud io h as gar nered much att e n tion fr om mus ic e n t h u s i a s t s w h o a r e s a y i n g t h e r e m a k e i s m u c h b e t t e r t h a n t h e original. In Y a E a r sa t do w n w it h t he a rt is t to sp ea k abo ut his inspi ratio n for remaking How To Love'. Whe n I f ir s t he ar d t h e s on g I re ally l ove d i t. I thou ght Lil Wa yne sounded good but I thought if a n R & B a rti st d id i t, i t w ou ld b e b e tte r becau se t hi s s on g is bet te r s ui ted for someone who sings R&B." While his intention was never to c h a l le n g e t h e ra p p e r, h e sa id pe o p le are telling him that he has done a much better job. "I ju st want ed t o s ee wha t was go i ng t o h ap p en I t i s j us t s o m et h i n g t h a t I d i d f o r f u n I d o wn l o a d e d a c o u p l e r e m a k e s t o t h e original track and I sang it with my f la v o ur a nd w it ho u t an y A ut oTu ne b e c a u se Li l W a y n e sa n g Au to Tu ne a lo t throu ghout the song ," he said. E ve r s i n ce Sk e t ch r e l ea s e d h i s c ove r of How To Lov e' t w o we eks ag o h e h a s b ee n g e t t in g up t o a hundred hits a day on his Youtube channel. I up l oa de d t h e r e ma ke t o m y Facebook page which I should not have done first because when you have a Youtube channel you want a s m u c h h i t s a s y o u c a n g e t I uploaded it to my Youtube c hannel and ever since I have been get ting hits like crazy." Listeners have been very recep tive to S ketch's ver si on of one of the hottest songs currently in rota tion on radio stations. S h o w i n g t h e a r t i s t t h e i r l o v e commenters on his Youtube chan n el s ai d: N ow I'm go in g to b e h on est with you, that was really good. I v e h e a r d a n o t h e r c o v e r o f t h i s s o n g t h at w a s n t b ad b y an o t h e r guy. He wasn't bad but had a few errors. I think you'd be a really a really good R&B s inger. The studio edits and everything were real l y g o o d a n d t h i s i n m y o p i n i o n so u nd s, a l o t be t te r th a n n ot o n ly a ll the covers but the original. It was better than the original." Another commenter said: "Now that's what I'm talking about, clas sic incre dible a nd a bsolutel y beau tiful." A s ec on dg en er at i o n m us i ci an p r o d u ce r s i n ge r s o n g wr i t e r a n d e n t e r t a i n e r S k e t c h h a i l s f r o m a family of artists. S ketch h as per f or med th ro ughou t the B aha mas and has appe ared on m any sta ges, on ra dio an d tele v ision, mesme rising a udie nc es. The w o r d i s o u t a n d S k e t c h i s f a s t bec oming a hous ehold name, fea t ur e d i n n u m er ou s l o c a l n e w sp a p e rs a nd ma gaz ines. T he r e is no music b ey o nd h i s r ep er toi re w e a the r i t be so c c a c a ly p so h i pho p g o sp el ja z z roc k n roll, pop or R &B. BAHAMIAN AR TIS T SKETCH REMAKE S LIL W A YNE'S HOW T O LOV E! T H I N G S 2 DO J A M A I C A N I N D E P E N D E N C E A N D B A H A M I A N E M A N C I P A T I O N D A Y C E L E B R A T I O N PA TR ONS e n j oy th e f e s ti v es a t th e Ja m a i ca n In de p e nd e n c e a n d Ba h a mi a n E m an cipation Day Celebration". S k e tc h C a r e y The Love Y a Life theme was chosen to reflect Demarco' s latest hit single of course, but also to remind individu als especially the younger ones that the life God has blessed us with is beautiful and wor th living for the right things. W e all know crime is a major issue and sadly it' s being fueled by things with no tr ue value, so I feel that this message has come at the right time. JAIMEE GASKINS I Love My Life' Demarco live in concer t
T H E T R I BU N E S E C T I O N C A R T S & E N T E R T A I N M E N T 06 WEDNESDAY, AUGUST 17, 2011 T HE USE OF FER TILIS ERS D URING the upcoming vegetable growing sea son we will need to use plenty of fertilizer to ensure good crops. Plants produce some of their food through photosynthesis, and in the early stages through seed leaves. But this is like a car in idle; it will not take you far. P l a n t s a l s o n e e d e l e m e n t s a n d abs or b t hem t hr ou gh the ir r oo ts in the f or m of s olu ble s alts T her e are t h r e e m a j o r e l e m e n t s : n i t r o g e n p ho s ph o r u s a nd po t a s s iu m T h e n the r e are the minor ele ments, those o f w h i c h we u s u a l l y n e e d o n l y a tr a ce, bu t li ke vi t ami ns to h um an bei ngs th ey ar e a ll es s ent ia l to t he he al t h o f a pl a nt T h e m in o r e le m e nt s a re c a lc i um ma g ne si um z in c c h l o r i n e c o p p e r m a n g a n e s e m o ly bd e nu m s u l ph u r bo r o n an d i r o n Ever y clas s o f pla nt ha s s lig ht ly d i f f er e nt n u t r it i o na l ne ed s G r as s a nd leaf y v eget abl es ne ed m or e i n the wa y of nitrog en w hil e frui t tree s a n d f r u i t i n g v e g e t a b l e s n e e d a n a m p l e s u p p l y o f p h o s p h o r u s a n d p o ta s s i um Pa l m t r e es n ee d mo r e m a g n e s i u m a n d m a n g a n e s e t h a n m os t ot her p lan ts Fe r ti lis e rs a r e s ol d a s 66-6 10 1 0 1 0 4 8 6 1 6 2 4 8 a n d o t h e r co mb inat io ns ; t hes e nu mb ers in di ca te th e p er cent age of us ab le ele m ent s a vail abl e in t he or de r ni tr o g e n p h o s p h o r u s a n d p o t a s s i u m P a l m t r e e f e r t i l i s e r s u s u a l ly h a v e f i ve n u mb e r s t o i nd i ca t e th e p er ce nt a ges of m ag ne s iu m an d ma ng a n e s e Ni tr o ge n e nco ur a ges veg et at iv e g r o w t h a n d h e l p s k e e p l e a v e s a v ib ra nt g re e n. P ho sp ho ru s p rom o te s pl ant gr owth, th e r oot sys tem, an d fl owerin g. P otas si um ass is ts in gene r al p la n t v i go ur an d th e co nv er s ion o f s tar c h es in to s ugar s. The r i ght am ount of fe r til is e r will ma ke an app r eciab le di ff er ence t o t he s i ze of o ur cr ops bu t t oo mu ch f er ti lis er wi ll b ur n a nd d es tr o y th e p lan ts i t i s add ed to Fer t il is er co mes mai nly i n th r ee f o r m s : gr a n u la r t i me r el e as e a n d solu ble Gra nul ar fe rtili s e r is sol d in pla stic sa ck s co nta inin g 2 0, 4 0 o r 50 p ou n ds an d is th e ch eap es t fo r m T i m e r e l e a s e f e r t i l i s e r r e s e m b l e s s m a ll r ou n d p el l et s an d co m es i n h a r d p la s t i c bo t t l e s S o lu b l e f er t ili s er is we tt ed a nd us ed th r oug h a s p r a y e r a n d c o m e s i n p l a s t i c p o u c h e s e a c h p o u c h e n o u g h f o r on e f il lin g o f a s pr ayer G ran ular fer til is er is bes t us ed in gar den p lo ts w h en s tar t ing t he s eas on. A l ib er al s pr in kli ng ove r wet s oil a nd a s ubs eq uent water in g will giv e se eds and s ee dli ngs a fo un dati on f or gr owt h. T he pr ob lem wi th gr anu lar f er ti li se r is th e am ou nt of r es idu al sa lt it co nt ain s. O v e r a f e w y e a r s t h e s a l t m a y bu ild u p an d hin der g ro wth T i m e r e l e a s e f e r t i l i s e r i s m o r e e xp en siv e pe r po un d b ut c a n b e du g i n t o t h e g r o u n d b e f o r e s ee d l i n g s a r e p l a n t e d a n d i t s n u t r i e n t s a r e i n s t a n t l y a v a i l a b l e T h e f e r t i l i s e r bea ds r elea se th es e nu tr i ent s sl owly s o t he l ike lih oo d of ro ot bur n i s ver y lo w. O ne app li cati on of ti mer elea se f er ti li se r wi ll la st th e pl ant fo r s ever al mo nt hs S ol u bl e f er t i li s er i s ver y ex pe ns ive bu t has th e ad di ti on al abi li ty t o b e a bs orb e d t hr ou g h p l an t le a v es It als o requ ir es a hos e-en d s pr ayer to b e mo s t e ff ecti ve. C om po st an d an i ma l ma nu re c o nt a i n s t h e r e q u i r e d e l e m e n t s t h a t pla nt s ne ed b ut n ot al ways i n t he r i g h t a m o u n t s W h e n y o u a p p l y c ompo s t or manu r e to y our soil y ou sh ou ld als o add f er ti lis er Ou r Bah amia n s o il is ver y alk alin e. Gr o und wat er t ha t is us ed fo r wa s h i n g c l o t h es t i e s u p t h e e l e men ts in det er gen ts an d m akes t he fo rm ati on of s u ds ve ry di ff icu lt I n th e s am e wa y, alk ali ne so il t ies up f e r t i l i s e r e l e m e n t s a n d d o e s n o t a l low ful l us e of the nutr ients availa b l e This ca n b e re me die d by a ppl yin g comp os t ma nu re or p eat mo ss t o t h e s o i l a p r o c e s s c a l l e d c o n d i ti oni ng. I n ext r eme cas es yo u may a l s o h a v e t o a d d a ch e l a t e d i r o n dr ench u si ng Seq ues t r ene 138. A s w ell as be ing a mi nor nutrient, iron as si s ts the ab s or pt io n of o th er el emen ts i nt o p lan ts firstname.lastname@example.org J us t a f e w i m ag e s o f w h a t w e t h e B a ham as lo ok ed lik e 40.. .50. .. 60.. years in the past Some win and some lose, an exiting time in the Bahamas. BY ROLAND ROSE Bahamas 500 Powerboat Race By GARDENER JACK GREEN SCENE THE proper use of fertiliser allows for a productive vegetable garden.
T H E T R I BU N E S E C T I O N C A R T S & E N T E R T A I N M E N T 07 WEDNESDAY, AUGUST 17, 2011 By LESH DESPITE the depressing state of the world eco no my t he r e ign of hi p -h op in th e m us i c industry just won't let up and the dollars keep rolling in. Just when you thought Jay-Z was spending his days v aca tioning with his Queen B the rap mogul comes out on top of th e F or bes H ipHop Cash Kings list yet again. Forbes has released their brand new list of t h e to p 2 0 hi p h o p e a r n e rs f o r t h e y e a r 2 0 1 1 a n d Jigga has snapped up the number one spot for the fourth consecutive year. To give it to you in dollars and cents, Jay-Z r e p o rt e d l y e a rn e d a w h o pp i n g $ 3 7 m i ll i o n i n t h e past 12 months. A c c o r d i n g t o F o r b e s t h e H i p H o p C a s h K in g s l ist i nc lu de s ma le rec o rdi ng a rti sts w ho se work is primarily classified as hip-hop or rap. E a rn in gs e sti ma te s, w h ic h i nc lu de in c om e fro m record sales, digital downloads, touring, films, T V s h o w s e n d o r s em e n t s b o o k s a n d o t h e r e n te rt a in me n t v e nt ure s, a re c a l c ul a te d b e tw e e n June 2009 and June 2010. Management, attor ney and agent fees are not deducted. Jay's earnings came from the hard work he has b een putting i n w ith his m us i c, his partners h i p wi t h t h e Ne w Jer s e y Ne ts hi s on go i ng de a l w i t h Li v e N a t i on h is 4 0 /4 0 C l u b h i s re c o rd l ab el Roc N at io n, clo t hi ng l in e R oca We ar and his most recent collaboration with Kanye W e st o n t h e W a t c h Th e Th r o ne a l b u m w h i c h is predicted to bring in colossal figures. In other words, the man is not stopping any time soon. F ol lo win g cl os e b eh in d Ja yZ is P Di dd y, who took the number two spot by earning an impressive $35 million. Diddy continues to succeed with his vodka b r and Cir oc," h is Did dyb eat s ear bu ds hi s continuous roles in f i lms s uc h a s "Get Him To The Greek," and so much more. W hi le J ig g a an d Di dd y sit a t t he n umb er on e and two spots respec tive ly, K any e We s t c omes in at number three, having earned "just" $16 mi l li o n o v er t h e p a st 1 2 mo n th s, fa l li n g f ro m h is $25 million last year. I 'd lik e to th ink t hat hi s s henan igans w i th interrupting Taylor Swift at the MTV Awards are the reason for the fall in his earnings; I'm sure he won't try a stunt like that again. Others on the top 10 list include Lil Wayne a nd Bir d ma n wh o t ie d f or t he n um b er fo ur spot; Eminem, Dr Dre and Snoop Dogg, who a ll s har e t h e nu mb er s i x s po t T he r e is al s o A k o n w h o c a m e i n a t n u m b e r n i n e a n d Ludacris who rounds out the list at number 10 with $12 million. In response to his not making the top spot, Birdman said: "If we ain't number one now, we'll be there soon." Apart from the top ten, the rappers that all lad ies lo ve Wiz Kh ali fa an d D rake bot h sh are t he number 11 spot, having e ach e ar ned $11 million. N i c k i Mi n a j a nd Sw iz z B e a t z b o th t i e a t n u mber 15 with $6.5 million. This makes Nicki the first female rapper to ever make the Forbes Cash Kings list. Ad din g a li ttle h umo r to th e li st, Forbe s s t ate d t ha t t h ou gh Jay Z ear n ed mo r e t ha n L i l Way ne, Dr a ke, Kany e West a nd 5 0 C ent combined, he 's not even the riche s t music ian in hi s own home tha t hon our go es to his w ife, B eyonc w ho ra ke d in $ 8 7 mi ll ion o ve r the p as t 1 2 months. Y A H E A R G O S S I P C O R N E R 1 0 R & B HI P H O P S O N G S YA HEAR, Hilary Duff is preg nant? Actress Hilary Duff aka Lizzie McGuire has just announced that she is pregnant. The 23-yearold, best known for her Disney roles, posted a message on her offi cial website sharing the news that she is expecting with her husband Mike Comrie. She also spoke about on reaching her one-year wedding anniversary: "Hello everyone! This weekend, Mike and I are celebrating our one year anniversary! In memory of the special day, we decided to post some of our favourite pictures from our wedding! I can't believe it has already been a year, time really flies when you're having fun! We also want to share the exciting news that BABY MAKES THREE!!!" YA HEAR, singer and actress Jill Scott is considering an open relationship with her partner? She stirred up drama on Twitter when she asked her followers: "What do you think about open relationships'? Been considering. Many friends are making it work. Not sure if I'm that girl but not sure if I'm not. Sometimes there's an understanding that nobody else gets. "I'm certain of what I want and deserve. Still so many marriages fail. Worth the questions. Worth the thought. For some it's a turn on. "Ok. Try this, the love of your life cheats and is honest about it. Your life with him/her is everything you want but monogamous. Do you stay?" Chilli from TLC appeared to be outraged by the suggestion of an open relationship. "Hell Naw To Open Relationships," she tweeted. Chilli then suggested that Jill Scott was only considering the option "to please her wack ass boyfriend". She told Jill Scott: "Be strong and get the heck outta there! Your life and self respect is depending on it. "I'm about to call you cuz you can't be in nobody's OPEN relationships!! Talk about a horrible situa tion!!! So answer your phone!!" YA HEAR, Rihanna reportedly spends almost $30,000 a week on her hair stylist? Employing one of Hollywood's leading hair stylists, Ursula Stephen, is allegedly costing the Bajan beauty a fortune. RiRi is a one of the top trendsetters on the entertainment scene for sure, but to achieve and maintain that position it is necessary to keep the fashion and beauty industry's best on her payroll 24/7 and that don't come cheap. I'M ON ONE DJ Khaled featuring Drake, Rick Ross & Lil Wayne MOTIV A TION Kelly Rowland featuring Lil Wayne SURE THING Miguel HOW TO LOVE Lil Wayne SHE AIN'T YOU Chris Brown MY LAST Big Sean featuring Chris Brown SUPER BASS Nicki Minaj UNUSUAL Trey Songz Featuring Drake BEST THING I NEVER HAD Beyonc QUICKIE Miguel T HE Y GO T MO NEY T OP HI P HOP EARNERS L ADY Gaga contin ued teasing her fans yesterday afternoon by uploading a new screenshot from the upcoming video for her latest single "Yo & I". Sev eral othe r scree ns h ots we re released previously. The video, filmed in Nebraska, is scheduled to premiere tomorrow on MTV and Logo during MTV First: "Lady Gaga" at exactly 7.49pm ET. In addition to the new video, the singer also promised to make a "major announcement" at that time. The statement from her official website said: "Immediately following the on-air portion, Gaga will stay on for an exclusive live interview and interactive Q&A session with MTV News' Sway Calloway on MTV.com. Fans can submit questions beginning today through MTV.com or via Twitter (using @MTVNews / hash-tag #MTVGAGA). In addition, mtvU, MTV Hits and Tr3s will premiere "Yo and I" on the same night at 8pm ET." As always, fans cannot wait to see what their pop queen has in store for them. Known for her creative and sometimes outrageous videos, Lady Gaga is sure to once again delight and shock at the same time. The singer has already shocked some people by appearing in drag on the CD's cover. The fourth single off her "Born This Way" album, "Yo & I" is a a rock and roll-influenced song that samples Queen's "We Will Rock You" and features electric guitar by the legendary band's Brian May. The song was first performed during American Idol's 10th season by contestant Haley Reinhart in May of this year. Eminem and Dr Dre P. Diddy and Jay-Z Lil Wayne and Birdman SCREENSHOTS from Lady Gaga's highly anticipated video Yo & I'. C E L E B R A T I N G h e r o n e ye a r w e d d i n g anniversary, Hilary Duff announced that s he is e xp ec ti ng he r firs t ch ild wit h h us band Mike.
T H E T R I BU N E S E C T I O N C A R T S & E N T E R T A I N M E N T 08 WEDNESDAY, AUGUST 17, 2011 JUST when you thought you had seen it all, a designer hits us with an outra geous line-up of clothing made out of food! Yes, food meets fashion in the new Ted Sabarese "Hunger Pains Food Fashion" project. The project was created by a team of 15 designers led by Ami Goodheart. Check it out, we are making you look! MADE Y OU L OOK