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Permanent Link: http://ufdc.ufl.edu/UF00084249/02851
 Material Information
Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 3/23/2007
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
sobekcm - UF00084249_02851
System ID: UF00084249:02851

Full Text









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The Tribune

#1 PAPER IN CIRCULATION


he BAiamAi EIT ral
BAHAMAS EDITION


Volume: 103 No.102


FRIDAY, MARCH 23, 2007


S '1 R P O ION,


Rev asks Christie, Roberts

to deny they promised

him PLP nomination


* By BRENT DEAN
THE WAR of words contin-
ued yesterday between the PLP
and CB Moss, as Rev Moss chal-
lenged the prime minister and
current MP for Bain and Grant's
Town, Bradley Roberts, to explic-
itly deny that they had met with
him, and promised that he would
receive the PLP nomination for
the constituency.
Rev Moss threw out this chal-
lenge yesterday in Rawson
Square, where he also asserted
that "lies" and "untruths" have
been spoken against him.
Both Mr Roberts and Mr
Christie stated in remarks on
Wednesday that no individual has
the authority to give nominations
in the PLP. Rather, they stated,
there is a process within the par-
ty where potential candidates
have to seek the approval of the
candidate's committee and the
national general council (NGC) in
order to run as a PLP.
More specifically, Mr Roberts


stated that the promises to which
Rev Moss referred, were nothing
more than an exchange of ideas.
In response to their claims, Rev
Moss questioned how Messrs
Roberts and Christie could make
such a promise to him, if at the
time, they were aware that they
were not authorised to make such
a commitment.
"If they knew they could not
deliver it, then that makes it an
even more dishonest act. to
promise something that you knew
at the time you were promising it,
that you couldn't deliver," he
said.
Rev Moss also claimed that Mr
Christie indicated to him that his
appearance before the candidates
committee was a mere formality.
He had expected that, despite the
delay in the alleged promise, to
receive the Bain and Grant's
Town nomination, his deal with
PM and Mr Roberts still stood.
SEE page 11


Strip club event sparks pastors'

warning to young girls
* By ALISON LOWE
Tribune Staff Reporter
TWO local pastors have issued a stark warning to young girls in
New Providence and called for strengthening of the laws protect-
ing public decency in light of an event organised by strip club
"Magic City" that is scheduled to take place tonight and over the
weekend.
Pastors Cedric Moss and Lyall Bethel are asserting that what has
been advertised as a "Spring Fever 2007 Bikini Model Search"
by promoters at Magic City, is in fact equivalent to a recruitment
drive by the club, and an underhand attempt to obtain the rights to
SEE page 11


SALAYER of limestone rock
, is blasted free as work continued on
the proposed bowling alley on
Harrold Road yesterday.


(Photo: Tim Clarke/Tribune staff.


\~ iv,.


GB Port Authority

hearing adjourned
* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT A Supreme Court hearing set
for Friday concerning several applications by the
St George family and Sir Jack Hayward in their
continuing legal battle over the share ownership
and management of the Grand Bahama Port
Authority has been adjourned to next month.
Lawyer Fred Smith, representing the St George
family, said the hearing, to be heard by Justice
Anita Allen, is now set for April 12 and 13 in
New Providence.
The St George family has filed an application
asking the Supreme Court to have a speedy trial,
and to determine as a matter of priority the 50-75
per cent share ownership dispute between them
and Sir Jack Hayward.
Mr Smith said: "The Supreme Court had March
23 as the date for the hearing of an application by
the plaintiff, the estate of Mr Edward St George
SEE page 12


Voters registered up to day
before House is dissolved
will be eligible to vote
* By BRENT DEAN
ALL voters registered up to the day before
the House of Assembly is dissolved will be able
to vote in the general election.
This statement was made yesterday by Sher-
lyn Hall, deputy permanent secretary of the
parliamentary registrar's department.
Mr Hall indicated that voter registration has
declined since March 12, which may indicate
that some potential voters may have misun-
derstood the significance of the date.
On March 12 the old registry was closed,
meaning that only voters who have registered
for the upcoming election will be able to vote.
Mr Hall also noted that as a result of the
report of the constituencies commission, new
voters cards are in the process of being pro-
duced. These cards will be ready in approxi-
SEE page 12


Baha Mar says
it's disappointed
project 'has
become topic of
political debate'


r) BAHA MAR released a
statement late last evening
lamenting that it has become
the subject of political sparring
between the PLP and FNM.
"In response to inquiries,
Baha Mar today stated that it
was disappointed its project
appeared to have become the
topic of political debate, as
Baha Mar is a commercial busi-
ness venture led by business
people," the company said.
'. "The Baha Mar project, with
its world class gaming and resort
partners is expected to create
over 8,500 jobs, in addition to
p0 700 plus construction jobs
already created.
"In the initial 20 years after
completion, Baha Mar is
expected to benefit The
Bahamas' Gross Domestic
Product by approximately $15
billion. In terms of actual deliv-
series, Baha Mar noted that it
4. has already invested over $350
million in the transformation of


SEE page 12

Senior PLP 'wants
no part in party's
election efforts'
A SENIOR PLP says he
wants no part in the party's
election efforts following a bust
up over the nomination of a
candidate.
The PLP stalwart councillor
and party member for more
than 50 years says that he is sit-
ting out this election and refus-
ing to vote because of his par-
ty's decision to run a person
who allegedly possesses quali-
ties that no candidate should
have.
A former senator, trade
union leader and professed
"fourth generation PLP", Aud-
ley Hanna, said that while he
has not left the PLP, he will
actively campaign against the
PLP's candidate for South
Beach, Wallace Rolle.
"I am a PLP but I will sit this
one out and campaign against
the candidate for South Beach
and do all in my power to
ensure that he does not win his
seat," Mr Hanna said in an
interview with The Tribune fol-
lowing the release of two let-
SEE page 12


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DNA expert weighs in over o l brief
US urged to try
Guantanamo
suspects in

Dannielynn custody battle federal courts
THE Bahamas office of


Ohio based DNA expert Dr
Michael Baird has been hired


+


by attorneys of one of the three
men claiming to be the father of


six-month-old Dannielynn, the
daughter of deceased Playboy
playmate Anna Nicole Smith,
Court TV reported.
The 39-year-old former real-
ity television star died on Feb-
ruary 8 after collapsing in a
Florida hotel, sparking the cus-
tody case.
A Bahamian judge ordered a
DNA test on Dannielynn on
Tuesday, in an effort to identi-
fy the father.
Dr Baird was hired by free-
lance photographer Larry
Birkhead to independently
determine, according to Court
TV, whether the Broward
County Medical Examiner's
Office extracted enough DNA
samples from Smith's body to
perform paternity tests.
Dr Baird is said to be on his
way to Nassau, Bahamas,
where the custody battle con-
tinues.
Mr Birkhead and two oth-
ers attorney Howard K
Stern and Smith's former body-
guard Alexander Denk -
claim to be the baby's father.
Mr Stern is listed on Dan-
nielynn's birth certificate as the
father.


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RatedFG


* HOWARD K Stern


On Wednesday James Neav-
itt, a lawyer for Smith's former
partner Stern, said that DNA
tests may not resolve legal
struggles over custody of the
girl.
Neavitt claimed that Stern
may not relinquish custody


are claiming that the president
and the secretary general con-
cealed important information
from the membership.
They claim that president
SRoy Colebrooke and secretary
general Leo Douglas are not
sharing the full audit findings
with the executive council
regarding a controversial $5
million loan by former union
presidQtt the late Pat Bain.
Before the union's elections
in May, Mr Colebrooke and
several union members ques-
tioned the $5 million loan and
spoke out against it. He and
several others were later fired
by Mr Bain.
Apparently, the executive
council members are con-
cerned over the now close rela-
tionship that has developed
between Mr Colebrooke and
Mr Douglas,'who were at odds
with each other prior to the
elections.
,The Tribune contacted
Lionel Morley, second vice


even if tests prove the father
is Smith's ex-boyfriend Larry
Birkhead.
"Howard is the legal father.
If Mr Birkhead's DNA match-
es, then he can come and say
he's the biological father, and
then you'll have that court bat-
tle," Neavitt told Associated
Press.
Neavitt did open the possi-
bility of a negotiated settle-
ment if the test proves his
client is not the biological
father. He said Stern respects
Birkhead and that the two men
will likely reach an agreement
if the Los Angeles-based pho-
tographer is proven to be the
father.
"At that point, it will be a
whole different scenario, and
the two guys will have to work
something out," he said by
phone from Los Angeles.
"Dannielynn's interests are the
most important, and Howard's
been protecting her from the
start."
The Supreme Court on
Tuesday granted Birkhead's
request for a DNA test on the
child, who potentially stands
to inherit millions.


president of the BHCAWU in
Freeport, for comment on the
situation.
Mr Morley said that they
were not aware of anything
until Wednesday, when they
read a story in the Freeport
News.
"We are little uneasy about
what we have read, and we try-
ing to ascertain where the
information came from and
relevance of it, and whether it
is true, he said.
"We only know what was in
the newspaper, and so-at this
time we are not prepared to
make any comments on this,"
he said.
When asked if Mr Cole-
brooke had contacted them in
Freeport, Mr Morley said that
the president had not.
The Tribune attempted to
reach Mr Colebrooke at the
union's office in New Provi-
dence for comments regarding
the allegations, but he did not
return calls up to press time.


MAIN SECTION


Local News............P1,2,3,5,6,7,8,9,10,11,12
Editorial/Letters. ..........................................P4
BUSINESS SECTION
Business....................P1,2,3,4.5,6.7,10,11,12
Advts..............................................P8,9,13,14
C omics................................ .............. P15
':Ieather................................................ P16
,SPORTS SECTION
Sports............................... P1,2,3,4,5,6,7,8

'CLASSIFIED SECTION 32 PAGES

MIAMI HERALD SECTION
Main .............................................12 Pages


Amnesty International issued a
statement yesterday saying the
US government should aban- ,
don its proposed military com-
missions and bring Guanta-
namo prisoners trial in the ordi-
nary federal courts without
recourse to the death penalty.
The human rights group has
just released a new report on
trials under the Military Com-
missions Act (MCA).
The first proceeding under
the military commissions is due
to take place on March 26, with
the arraignment of Australian
detainee David Hicks.
He was one of 10 detainees
charged under the previous mil-
itary commission system thrown
out by the US Supreme Court
last year, Amnesty noted in the
statement.
In its report, Justice delayed
and justice denied? Amnesty ,:
reiterates its belief that trials .
under the revised military com-
mission process will fail to cor- ,'
ply with international standards. '
The organisation is also "
deeply concerned that detainees ,
could face execution after such ,
trials.
"The pervasive unlawfulness ,
that has marked the past five
years of detentions cries out for
the strictest adherence to fair
trial standards. Instead, these
trials threaten to cut corners in
pursuit of a few convictions and
add to the injustice that the,
Guantanamo detention facility
has come to symbolise", said
Susan Lee, Amnesty Interna-
tional's Americas programme
director.
Amnesty said the military '
commissions will operate in
something approaching a legal
vacuum.
"Defendants cannot turn to
international human rights law,
the Geneva Conventions or the
US Constitution for protection. .
The military commissions are I
part of universe absent of judi- t,
cial remedy for detainees and
their families. Even if a detainee
is acquitted, he may be returned ,.,
to indefinite detention as a so- ,
called 'enemy combatant'," it
said.


Amnesty also noted that in
the "war on terror", detainees
in US custody have been treat-
ed as potential sources of infor-
mation first and potential crim-
inal defendants "a distant sec-
ond".
"They have been subjected
to repeated interrogations with-
out access to lawyers or the
courts. Interrogation techniques
and detention conditions
amounting to torture or other
ill-treatment under internation-
al law have been authorised and
used against them," the state-
ment said.
"The military commissions
are patently tailored to fit the
unlawful practices that have
preceded them. Information
coerced by cruel, inhuman or
degrading treatment will be
admissible. At the same time,
the government may introduce
evidence while keeping secret
the methods used to obtain it,"
said Susan Lee.
Amnesty said that because of
the absence of fair trial guaran-
tees, and the trail of illegality
that precedes the trials, it is call-
ing on other countries not to
provide any information to
assist the prosecution in mili-
tary commissions.


TROPICA
ElT INAlTO


*1




0


* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT An air of
"uneasiness" reportedly prevails
among union executives in
Freeport following accusations
against two top executives of
the Bahamas Hotel Catering
and Allied Workers Union in
New Providence.
According to press reports,
some members of the
BHCAWU executive council


Union execs 'uneasy'



after accusations


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THE TRIBUNE


PAGE 2, FRIDAY, MARCH 23, 2007


P


ig

















*In brief

RBDF and
NEMA to work
together more
closely

DEFENCE Force com-
mander Commodore Clifford
Scavella said the force will
expand its collaboration with
the National Emergency
Management Agency to bring
relief more quickly to those
affected by disastrous events.
Commodore Scavella made
this pledge during a meeting
with NEMA interim director
Mr Carl Smith on Tuesday.
He said that from now on,
when a disaster strikes, the
force will secure a base and
immediately deploy ships
with chain saws, drinking
water and other "essentials."
He said the aim is to "come
in behind the hurricane and
offer relief to the people on
the ground in the affected
areas" once the hurricane has
passed.
"This kind of deployment
will also allow us to be able to
better apprise NEMA of the
situation as we see it on the
ground... so that when they
deploy their assets from New
Providence or wherever they
are, they will be able to bring
relief even more immediate-
ly," Commodore Scavella
said.
"NEMA will also have
access to our ships and what-
ever modes of transport we
have immediately as well," he
added.
Furthermore, Commodore
Scavella said, as a hurricane
approaches, "special teams"
of marines will be deployed
"ahead of the potential affect-
ed areas" to ride out the
storm with the residents of
those areas, particularly the
elderly.
"Once they would have
come through a hurricane,
those special teams, or
advance teams, will be able
to perform additional duties
that the national agency may
request of them. I could only
see our collaboration getting
even better as we seek to
improve what exists already,"
he said.


FRIDAY, MARCH 23, 2007, PAGE 3


L


Gray: it's my job




to help everyone


* By PAUL TURNQUEST
Tribune Staff Reporter

MICAL MP and Minister of
Local Government Alfred Gray
said he has a duty to help not
only his PLP supporters, but
FNMs in his area as well.
The minister, who took issue
with a number of remarks in an
article published in The Tribune
on March 21, said he has, and
will never involve himself with
victimization.
Speaking with The Tribune
yesterday, Mr Gray said that he
has, and will not only help those
who supported him.
"If I help the people who sup-
port and help me, what is wrong
with that? But I never said I
would only help those," he said.
The minister said that he nev-
er said, nor did he infer that he
would only help PLP support-
ers. He also responded to asser-
tions of victimization on the
island of Mayaguana partic-
ularly at the I-Group develop-
ment.
"As a Member of Parliament
for Mayaguana, and as a Minis-
ter of the government, I have
never victimised anybody. Nei-
ther do I encourage it. And Mr
(Earnel) Brown's assertion that
Mr Miller is campaigning for
me is an outright lie. I have nev-
er taken anybody with me when
I campaign, other than my cam-
paign manager; who is not a res-
ident of Mayaguana," he said.
Mr Brown, a resort manager
in Mayaguana, had told The
Tribune that "there is a lot of
animosity and deep-seated bad
feeling down here. Where it will
lead, only God knows.".
Mr Gray said that if anyone
in his camp ever attempted to
victimise anyone he would
openly rebuke it.
"Trust me, I will never if
anyone did that, and to my
knowledge, I'd openly rebuke
them. I do not do it. I don't sup-
port it. But nobody in their right
mind would expect for me not
to find employment for the peo-
ple of Mayaguana, which
includes FNMs and PLPs.
"But the attitude of the FNM


N ALFRED Gray


supporters is that it is only they
who are entitled to work. But
both FNM and PLPs are enti-
tled to my assistance. And I do
so," he said.


Mr Gray also warned his
opponent, the FNM candidate
for the area, Dion Foulkes, to
be "very careful" of acting on
misguided information without
proof. Mr Gray was referring
to two women Mr Foulkes
alleged were "illegally sus-
pended" by the I-Group.
"My understanding is that the
ladies referred to that were
allegedly suspended for fight-
ing on the job. They were sus-
pended for a week for fighting
on the job. The company should
have a right to discipline its
employee," he said.
Also, the reference to foreign
workers Mr Gray said,
employed at the development,
were made up of persons who
were working "on contract" to
set up an asphalt machine for
the new runway being con-
structed.


THE TRIBUNE


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PAGE 4, FRIDAY, MARCH 23, 2007


THE TRIBUNE


3 0*' ETES TOTH EDTO


The Tribune Limited
NULLIUS ADDICTS 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.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, P.O. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. F-485, Freeport, Grand Bahama

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department- (242) 502-2387
Nassau Fax: (242) 328-2398


Alfred Gray's challenge taken up


, IN DEFENDING charges of political vic-
timisation, MICAL MP Alfred Gray made
statements in the House on Wednesday that
left one with the impression that he believed it
his duty as an MP to help only his PLP sup-
porters.
In a quick recoup in an interview with The
Tribune yesterday he explained his statement:
"If I help the people who support and help me,
what is wrong with that? But I never said I
would only help those," he said.
Mr Gray felt constrained to defend himself
after an article appeared in The Tribune on
March 21 in which Mayaguanians accused him
and the local commissioner of "gross political
victimisation." They warned that residents were
on "the brink of civil unrest."
Disgruntled residents said that Mr Gray and
Commissioner Samuel Miller were handing out
jobs indiscriminately to PLP supporters in the
run-up to the election. "Everybody who sup-
ports the PLP gets something dumb to do,"
The Tribune was told.
Defending himself in the House on Wednes-
day, and denying that he had ever victimised
anyone, Mr Gray said it was his duty to help his
PLP supporters.
"If I help supporters who supported me," he
said, "if I help them to find a job, that's my
duty. If they should say that I should help all the
FNMs and leave all the PLPs, that's not going to
happen," he said.
It was an echo of the Pindling era when Sir
Clement Maynard, then a cabinet minister,
declared that he was only "checking for PLPs,"
and Philip (call me "Bro") Bethel declared that
God had given this country to the PLP.
However, by yesterday morning, Mr Gray
had reconsidered his injudicious words, and
quickly tried to swallow them with a denial that
he had ever said or inferred that he would only
help PLP supporters. He also denied the claims
of victimisation at Mayaguana.
"Mr Speaker, I just want to deny this," Mr
Gray told the House, referring to The Tribune
article. "And I challenge The Tribune and the
writer of this article, with no name, to come
forward and put up or shut up."
Here again, Mr Gray, like his colleagues,
was hitting out at the messenger rather than
concentrating on the message. The Tribune and
reporter were just vehicles used by residents
of Mayaguana to send a grim message to their
MP, Alfred Gray. He should be challenging his
Mayaguana constituents, not The Tribune.
Anyway, a Bahamian took Mr Gray up on
his challenge. He phoned to remind us of an
article we had written in this column on Sep-
tember 10, 2002, headed: "PLP has brought
division in islands."
The call was from a grand nephew of the
late Arnold Farquharson of Colonel Hill,
Crooked Island, who lost his school bus contract


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when the PLP government came to power in
2002. Mr Gray was the MP for MICAL, which
included Crooked Island.
When the FNM became the government in
1992, they discovered that in such places as
Crooked Island the PLP held all the jobs, some
two or three jobs, while the FNM had none.
The new government decided to even things
out by taking one government contract from a
PLP who had two contracts and giving it to an
FNM who had none. Those benefitting in
Crooked Island were Mr Arnold Farquharson,
87, who was given the True Blue to Colonel
Hill school bus route, and Enoch Ferguson and
his 72-year-old father, who bused students from
Landrail Point to Colonel Hill.
Mr Farquharson's grandson said that his
grandfather, who was too proud to beg, was
supported by his 10 children. He and his wife
lived off the plot of land that she farmed. How-
ever, because he was an FNM supporter he
could not get any of the few jobs at the island.
He was about to get a job at the airport, when it
was suddenly cancelled.
Later the same thing happened when ZNS
asked him to report for them from the island. As
soon as the PLP heard who he was, said his
grandson, the job offer was cancelled.
The late Wilbert Moss was the PLP MP at the
time.
However, in 1992 the FNM decided to even
the score. When it was time to renew the bus
contract, instead of giving it to the holder, the
late Mary Moss, a PLP, who for many years
was the manager of government's National
Insurance office, they gave it to Mr Farquhar-
son, for years a jobless FNM. The same thing
happened in the case of Mr Ferguson. They
both did a good job until the PLP were returned
to power in 2002. A few months after becoming
the government, Mr Farquharson lost his con-
tract and returned to his jobless state until his
death on December 14, 2003. His contract was
returned to the PLP family of Mary Moss. It was
the same for the Ferguson family, who lost their
contract to the former PLP holders, the family
of Zeke Thompson.
"People here are very upset," said the Rev
Newton Williamson of Pinefield, Acklins, after
the 2002 election. "Even the graveyard and
park jobs have been taken from the FNM and
given to the PLP. Under the FNM administra-
tion the PLP were given jobs, among them office
and school jobs, no one was left out. Under the
FNM everybody was one."
They had taken Prinle Minister Christie at his
word that he would not tolerate victimisation.
But they were disappointed.
Mr Gray was the MP when these things hap-
pened. Mr Tony Ferguson of Nassau has taken
up his challenge and now wants Mr Gray to
explain why his late grandfather was victimised
during his tenure.


Cardinal addresses



Tribune article


EDITOR, The Tribune.

WE REFER to your article con-
cerning the collapsed Bahamas fund
reported in the Business Section on
Monday, March 12, 2007. We had
taken a position not to discuss these
ongoing matters in the Press and to
focus on co-operating with the offi-
cial representatives in this matter.
However, given the erroneous infor-
mation in your article, we consider
it necessary to respond to the mat-
ters raised concerning Cardinal
International.
For background purposes, Car-
dinal International provided a range
of services to international clients
over a ten-year period from 1994
to its closure of business in 2004.
These included acting as registered
agent and registered office, the pro-
vision of directors, accounting and
fund administration and treasury
services.
All of our clients that were regu-
lated as funds in various jurisdic-
tions, including the Bahamas, were
independently audited on an annu-
al basis. It was well-known that as a
company we invested heavily in
internationally recognized technol-
ogy and in our management and
staff, recruiting a high percentage of
professionals and committing to
extensive training programmes.
As a company we undertook
many initiatives to improve the way
we operated. In October 2003 the
Board authorized an independent
review of our computer systems as a
means of assessing our workflows.
In May 2004 a major accounting
firm carried out a SAS 70 review
which addressed our internal sys-
tems and concluded that in each
case the controls in place provided
reasonable assurance that the con-
trol objectives were being met. Of
the funds that were audited we
received written confirmation from
their auditors that they had never
adjusted a net asset value for any
client where Cardinal had prepared
the NAV.
Further, in October 2004, we
authorized an independent review
of our anti-money laundering pro-
cedures as a Financial and Corpo-
rate Services Provider. The report
concluded that we were 100 per cent
compliant with the required infor-
mation on file to satisfy the verifi-
cation and record keeping require-
ments.
Further in 2003/4, Lloyds of Lon-
don carried out an independent
review of our risk management sys-
tems. The report concluded that the
"risk exposure under review was
found to be reasonably contained
by the controls in place".
It has been well documented that
in August 2004 the Securities Com-
mission began an investigation of
the Norshield entities and attended
our offices in Nassau. Instructions
were immediately given to all staff
by the Board to co-operate com-
pletely in this investigation. When
we announced our closure in
November 2004 we were committed
to ensuring that our clients were
not overly inconvenienced by the
decision and took a number of steps
to ensure that any handover was as
efficient as possible. We contacted
local and international administra-
tors and assisted in matching these
with our clients' needs and worked
with them in the handover process.
Cardinal operated a sophisticated
server-based technology system.
When the decision was made to
close the company we were aware


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that we would not be able to run
reports once the servers were
brought down. We did in fact ask
the software vendor whether we
could transfer the license to a third
party but this was refused. In addi-
tion, in consideration of early ter-
mination of our lease the landlord
required retention of the office
equipment, furniture and computer
infrastructure and an exit date of
January 2005 which was then immi-
nent.
We therefore recruited a sub-
stantial number of additional tem-
porary staff to assist in copying doc-
uments and files; we brought in
additional photocopiers and allo-
cated a section of the office for this
purpose. Over a three-month peri-
od the management and staff acted
with complete professionalism
working long hours to ensuring an
efficient handover to the new
administrators. Although your arti-
cle seeks to suggest otherwise, we
are not aware of any clients who
made any complaints during this
process and, in fact, many were
complimentary of the manner in
which it was handled.
During this handover process we
were informed that Norshield would
move its administration to a Toron-
to-based operation. Not only did
our staff copy all files requested by
the new administrator but they also
provided electronic data and dealt
with inquiries. Further, two Nor-
shield staff members attended our
office for several days in January
2005 to oversee the handing over
of information for their companies.
This included physical files as well
as electronic information.
Additionally, Mosaic Composite,
was in a legal dispute with an
investor. We performed some trea-
sury services, directorship and
accounting services until Septem-
ber 2003. During this legal dispute a
"discovery order" was made and
we were instructed to provide all
our information by court order: A
court order was in fact requested
by Cardinal to protect itself from a
breach of confidentiality under
Bahamian law. Composite's
lawyers were provided access to one
of our offices where we collated the
information and handed it over to
them in 2004. In addition, Mosaic
Composite itself requested the
return of its records and this was
done as instructed. The liquidators
were provided with this informa-
tion and were aware of the circum-
stances.
Further, as mentioned, Mosaic
Composite and Univest were sub-
ject to independent audit on an
annual basis and this included open
access to the records, confirmation
of balances from third parties and
the compilation of the auditors' own
audit files. This would involve atten-
dance at our office and a review of
our clients files. We are unaware
that we ever received anything from
the auditors to suggest that our
clients records were incomplete or
inadequate.
In conclusion it is erroneous to
suggest that Cardinal was not coop-
erative or did not provide access to
information that it held. We pro-
vided information to the Securities
Commission, the Court and the liq-
uidators to the best of our ability.
We are clearly not responsible for
the provision of information beyond
our control.
We closed the physical office in
February 2005, but retained a stor-
age facility with the intention of
closing that in February 2006. Dur-
ing the hand-over process we pro-
vided the new administrators with
the original documents, retaining
copies for our records
During 2005, the Norshield enti-
ties were placed in liquidation and
Mr. Hancock was contacted on 28
March 2006 by the liquidators, a
full thirteen months after Cardinal
closed.
A meeting took place, files were
requested and these were provid-
ed in April 2006 in two separate
trenches.
These files included copies of all
investor files together with the
NAV calculations where Cardinal
performed those functions. On a
number of occasions Mr. Hancock
requested clarification with regard
to the files to be delivered or col-
lected. These files were not copied a
second time on the basis that we
would have access to them if need-
ed.
By the end of April 2006 there
remained a number of boxes in stor-
age that did not appear to be critical
to the liquidation as they had not
been requested by the liquidators.
As far as we were aware most of
the information was quite old.
However, in the event that they
might be of any use to the liquida-
tors, Mr. Hancock requested that
the liquidators collect the boxes
directly from the storage facility and
arrangements were made for this


to be done at the end of April.
The day prior to the arranged
collection, Mr. Hancock visited the
facility to ensure that the liquidators
would be provided access only to
find the storage locked and the files
destroyed. Upon enquiry, the stor-
age company indicated that the files
had been destroyed for non-pay-
ment of storage fees. No member of


Cardinal was given notice by the
storage company or their realtor
that this would happen despite the
fact that we were in contact with
them and had informed them of the
closure date.
Mr. Hancock immediately called
the person responsible for paying
the storage bills who confirmed that
the storage company had been paid
for April. Mr. Hancock then
informed the liquidators of what
had happened and requested that
they contact the storage company
directly to confirm the facts. Mr.
Hancock then received a call from
the Liquidators' lawyer who con-
firmed that he had spoken to the
storage company who in turn con-
firmed that they had destroyed the
files. A list of the boxes and their
contents were faxed to the liquida-
tors the same day.
Approximately three weeks later
Cardinal received a cheque from
the storage company for overpay-
ment of storage fees, clearly con-
firming that the fees had been paid
and that the files were destroyed
by the storage company at their own
discretion. No apology or explana-
tion was offered or forthcoming.
We had no exchange of commu-
nication with the storage company
at any time concerning the destruc-
tion of the files prior to their
destruction and cannot be held
responsible for a matter where we
had organized secure storage facil-
ities for several months after our
closure and had paid fees to a peri-
od beyond the date the files were
destroyed.
With regard to the calculation of
Net Asset Values, Cardinal did not
provide these services to the Chan-
nel Funds. Their assets were val-
ued by a Canadian public company
and audited by a Canadian account-
ing firm. We did prepare accounts
for Mosaic Composite to September
2003 and these were based on the
audited accounts of the Channel
Funds and reports received from.
major international custodians. Our
agreement with the company stated
"it is understood and agreed that
the administrator is required to rely
upon the evaluation of assets held
by the custodian and as provided
by the custodian and confirmed to
the administrator as being correct
by the investment adviser. For the
avoidance of doubt, the adminis-
trator will not be held responsible
for any errors or omissions of the
custodian, the investment adviser, in
this or any other regard." Mosaic
Composite was independently
audited on an annual basis.
We are not aware ofany unrec-
onciled amounts in the books of
Olympus Bank & Trust relating to
Cardinal International. Olympus
Bank & Trust was the major
investor in the Olympus Univest
fund and was treated as a typical
investor by Cardinal. Cardinal Inter-
national provided treasury services
to its fund-based clients and
received investment amounts from
investors to segregated clients
accounts for its fund clients. The
investors would provide clear
instructions as where the funds
should be paid and would have
completed a subscription agreement
and provided appropriate due dili-
gence. On receipt of funds a confir-
mation of the amount received and,
the subscription date were sent to
the investor as routine practice.
These segregated client accounts
were held with a major international
bank and were subject to stringent
controls, including segregation of
duties, daily reconciliation and inde-
pendent audit. During its ten years
of operation, while funds in the hun-
dreds of millions of dollars flowed
through our trust accounts we were
never made aware of any un-rec-
onciled amounts. We certainly
would have expected to have been
made aware of this within days of
any payment or immediately fol-
lowing our closure when any final
balances were returned to the
clients. These funds were never
legally considered as Cardinal's and
were purely held for short periods in
a fiduciary capacity until the due
diligence process had been com-
We have been in regular com-
munication with the liquidators and
have responded to their enquiries
promptly and professionally. The
liquidators are fully aware of all the
facts listed above. In a report by
the liquidators, quoted by The Tri-
bune, in August 2006 it stated "Car-
dinal International acted as admin-
istrator for both the Olympus Uni-
vest fund and Mosaic Composite,
and its former head, Stephen Han-
cock, has been examined under
oath by the liquidators. There is
nothing to suggest Mr. Hancock has
done anything wron wrong in relation to
either entity."
Your article suggests that Cardi-
nal participated in the destruction of
files, was uncooperative with the
liquidators, did not perform its ser-
vices properly and received "unrec-
onciled amounts".
We strongly deny every one of
these assertions and have provided
this information to provide a full
and true picture of the events.
We trust that you will give as


much prominence to our response
as you did to the original article

THE BOARD
CIFS Ltd
(Formerly Cardinal
International Fund Services Ltd)
March, 200'


289 Market St. South P.O. Box N-7984 Nassau, Bahamas


"God has made of one blood people
to dwell on the earth."
SUNDAY SERVICES
7:00am, 9:00am, 11:15am
PASTOR EARLE FRANCIS J.P.,D.D.
Marriage Officer, Counsellor, Intercessor
Phone: 323-6452 393-5798
Fax: 326-4488/394-4819


I


X's
iw
:tw:












THE TRIBUNE


LOCALNEWS


SIn brief

Emergency
reverse
osmosis plant
planned for GB

a By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT Plans have
been announced for the con-
struction of a reverse osmosis
plant on Grand Bahama to be
used in times of emergency and
natural disaster.
Mike Stafford, president of
the Rotary Club of Freeport,
made the announcement yes-
terday at his club's weekly lun-
cheon meeting at Ruby Swiss
Restaurant.
The Grand Bahama Reverse
Osmosis Foundation and Hur-
ricane Water Relief Facility, he
said, is being undertaken by
Rotary International in part-
nership with the TK Founda-
tion, a Bahamian' philanthropic
organisation.
Mr Stafford said that the
facility will be built on land
donated by Freeport investor
Preben Olson of New Hope
Holdings.
"When he was presented with
our plan he also offered us the
opportunity to tie into his exist-
ing stand by diesel generator,
thereby eliminating the need
for us to purchase and maintain
a generator within our facility,"
he said.
Mr Stafford said that taking
part will be: the Rotary clubs
of district 5280 in Los Angeles,
California, the three clubs in
Grand Bahama,'the clubs in
South Florida, and all clubs in
Nassau, Abaco, and the
Caribbean.
Mr Stafford noted that in
2004, and 2005, Grand Bahama
was hit by three very powerful
hurricanes, which devastated
the island.
He said most residents were
without running water for four
days some for even longer.
Mr Stafford said once the
plant is constructed, the water
will be tested using an EPA lab-
oratory accuracy-based testing
system for 13 different water
quality parameters.
He assured that the tests will.,
be done at the plant before
every delivery. He also noted
that water samples will be sent
to a laboratory in Florida before
and during each season.

Cuba says more
countries should
organise 2009
World Classic
HAVANA
CUBA thinks several coun-
tries, and not just the United
States, should organise the 2009
World Classic, according to
Associated Press.
"We are firmly convinced
that there should be a commit-
tee of participants and that that
committee should choose a
group to discuss the organisa-
tion, the dates, the rules of elim-
ination, the participants and
everything else," Cuban
Olympic Committee president
Jose Ramon Fernandez said on
Thursday.
Major League Baseball and
its players' association jointly
ran the first edition of the Clas-
sic last year, when Japan beat
Cuba 10-6 in the final at San
Diego.
While a final decision hasn't
been made, it appears the sec-
ond Classic will be played in
March 2009.
Fernandez, also one of
Cuba's vice presidents, was
"worried" about the 2009 tour-
nament, saying it should be
organised "in a spirit where all
participants have a voice and a
vote."


Share

your

news
The Tribune wants to hear
from people who are


making news in their
neighborhoods. 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.

S.J

He-TPET.e"'


Bastian announces


candidacy for Sou h Andros


* By ALEXANDRIO MORLEY
Tribune Staff Reporter
SOUTH Andros Member of
Parliament Whitney Bastian
claims that he treats all his con-
stituents equally whether they
support the Free National
Movement or the Progressive
Liberal Party.
Yesterday, Mr Bastian offi-
cially announced himself as an
independent candidate for the
South Andros Constituency.
Mr Bastian said that he want-
ed to eliminate "all speculation"
about whether he would be sup-
porting the FNM or the PLP in
the upcoming general election.
Mr Bastian told reporters that
he was confident that he would
be re-elected and predicted that
he would win his seat by a "larg-
er majority" this time around.
And he told the media that
political victimisation is not
practised in his constituency.
He was speaking after claims of
political victimisation made
national headlines this week.
Minister Alfred Gray and an
island administrator were
accused of being "in cahoots"
in victimising FNM supporters
in Mayaguana.
Addressing the issue in the
House of Assembly, Mr Gray


* WHITNEY BASTIAN

said: "If I help supporters who
supported me, if I help them to
find a job, that's my duty. If
they should say that 1 should
help all the FNMs and leave all
the PLPs, that's not going to
happen."
Mr Bastian said that "every X
is equal" in his constituency. He
said his constituents are well
aware of his record and reputa-
tion during his time in the
House of Assembly.
Once re-elected, Mr Bastian
said he would create a fisher-
man's co-operative and a fish-
erman's union in South Andros.
The fishermen in South


Andros, he said, need to form
themselves into a "unilfid
groap" so that they \would Ie
able to assist the go\crnment
with any future developmenis
on the island.
Mr Bastian also told Ilihe
media that he planned to build
an indoor auditorium in his con
stituency.
The South Andros MP aid
that he hoped to accomplish
these initiatives within ai live
year period.
Asked how he was inienIlini
to finance these projects. Mr
Bastian said: "ThIrough sclf-help
and agitation to the government
for assistance."
In addition, he said, (eqi;il
access to future projects on the
island is a main concern among
his constituents.
"I also hope to fighl for the
right of South Androsians to
have equal opportunities lI'
jobs and contracts Ihal- t;ak1
place in Andros," Mr Bast Ini
said.
Asked if he would remain ;I
independent member ol parlia-
ment if he was re-elected hie
said: "When I am re-elected I
will consult the people of Soutll
Andros and then 1 will do
what's in the best interest o tI lie
people of South Andros.


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Dr C R Walker is upheld as a

model for young Bahamians


* By ALEXANDRIO MORLEY
Tribune Staff Reporter
VETERAN politician Oscar
Johnson advised aspiring
young scholars to emulate the
life and work of Dr Claudius
Roland Walker.
While speaking at a panel
discussion held at the College
of the Bahamas entitled "Class
Matters", Mr Johnson
described Dr Walker as the
"greatest intellectual that the
Bahamas has ever seen or will
ever see."
And Mr Johnson urged the
audience to be as "community
minded" as Dr Walker was when
they become professionals.
Dr C R Walker, who has a
high school named in his hon-
our in New Providence, was an
important figure in the early
black consciousness movement
in the Bahamas. He became
actively involved in the com-
munity at a very early age.
He was a student of the
Boys' Central School and a
member of St Agnes Church
where was pianist and organist.
In pursuit of higher educa-


tion, he attended Rhodes High
School in New York and went
on to Howard University in
Washington, D C where he
met Mable Cordelia Holloway
who became his wife. The
Mable Walker Primary School
was named in her honour.
After passing the Georgia
Medical Board Examinations
and qualifying as a doctor, he
returned to the Bahamas in
1930 and entered the medical
profession.
Dr Walker, who ws fluent
in Spanish, French and Ger-
man, became active in politics
and was elected representative
of the Southern District. He
served in the House for 20
years and became a strong
advocate for women's right to
vote and the secret ballot.
He was also the editor of
The Voice, a weekly publica-
tion that championed the
rights of Bahamians.
According to Mr Johnson,
Dr Walker was the first black
man of the intellectual class in
the Bahamas to open a pro-
fessional office in the Over-
the-Hill area.


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"Dr Walker was so into I
people that anybody could
knock on his door at any time o,
the day and he would just get
his medicine bag and walk
there," he said.
Mr Johnson said he is disap-
pointed that young Bahamians
of today are not being exposed
to Dr Walker's "intelligence
and depth."
"They won't even allow a
copy of The Voice to be in the
library for young people to si '"
he said.


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Firm applies to join in court battle




concerning port authority shares


* By DENISE MAYCOCK
Tribune Freeport Reporter
SZRE.EPORT Interconti-
ncnitl l)iversified Corporation,
the Caymian-based company
thit owns the shares of the Port
(iroup Limited and the Grand
BIahlana Port.Authority, is seek-


ing to join in as a defendant in
the ongoing legal battle over
share ownership.
The company has filed a sum-
mons in the Supreme Court
asking to be permitted to
become the seventh defendant
in an action filed by St George
family against Sir Jack Hayward


and Hannes Babak.
Lawyer Fred Smith, who is
representing the St George fam-
ily, said that affidavits were filed
on behalf of Intercontinental
Diversified Corporation (ICD)
Cayman Corporation, which is
now said to be represented by
Caryl Lashley-Turnquest of


S tyle+p

~OMFR


Dupuch and Turnquest.
The summons, he said, was
expected to be heard on Friday
before Justice Anita Allen, but
was adjourned to April, 12 and
13, due to an ongoing murder
trial that is being presided over
by the Nassau judge.
"They want to ask of the
court to dismiss the action in
the Bahamas; to strike it out as
an abuse of process and to
remove the receiver," said Mr
Smith.
Mr Smith said that the affi-
davit filed by the Cayman
Island lawyer is suggesting that
because the St Georges are not
registered as shareholders of
IDC in the Cayman Islands they
have no right to be registered
under the Cayman law, and that
the action should therefore be
dismissed.
He said that an affidavit was
also filed by Rick Hayward, the
son of Sir Jack Hayward, claim-
ing that the receivership has
caused prejudicial disruption to
the operation of the Port
Authority and the economy of
Freeport.
Mr Hayward claims that
investors are refusing to invest,
and that the Port Authority can-
not continue to operate, espe-
cially with the cost of the receiv-
er.
He alleges that the court-
ordered receivership of the
Grand Bahama Port Authority


* SIR Jack Hayward, who
claims to own 751per cent of
the port authority

and Port Group Limited is
"draining" the companies'
resources, with the company
incurring a $1.7 million loss per
year.
Legal action was taken out
by the St Georges against Sir
Jack and Mr Bahak, chairman
of Grand Bahamla Port Author-
ity, in November.
The St Georges, who are
claiming to be an equal partner
in the Port Authority, are dis-
puting Sir lack's 75 per cent
ownership claim. They are also
seeking the removal of Mr
Babak as chairman.
Seashells Investments of
Fiduciary Management Ser-
vices, which is also a defendant


in the action, has replaced
lawyer Gregory Moss with John
Wilson of McKinney, Bancroft
and H-ughcs.
The company has filed an
application, which was also to
be heard on Friday, to convert
the St Georges' original action
from the originating process to
a writ action, which would take
longer to complete.
"All those matters were to be
heard tomorrow (on Friday) but
we have to wait and see what
happens on April 12 and 13,"
Mr Smith said.
In the meantime, the Port
Authority Group Limited con-
tinues to conduct business as it
has done since November.
Mr Smith said he thinks the
court appointed receivership
has benefited the operations at
the Grand Bahama Port
Authority.
"I think the fact that there
has been peace and quiet at the
administration of the Port
Authority and PGL has really
helped to encouraged the sense
of doing business, as opposed
to making everyone be disrupt-
ed by squabbles and fights
between the shareholders," he
said.
Mr Smith said the fact that
two shareholders might be fight-
ing over who owns what shares
in a company does not mean
that the company cannot con-
tinue to function.


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THE TRIBUNE


PAGE 6, FRIDAY, MARCH 23, 2007












T~HE TRIBUNE FRLOCALNWSBIDYMA H2307


The


experience -


is it the right choice for you?


T


OIn brief

Bahamas
chapter
for Florida
university
FLORIDA International
University, Miami's public
research institution, is seek-
Sing to establish its first inter-
national alumni chapter in
the Bahamas.
For the last several months
'Brendan Foulkes, Dwayne
Turnquest, Lia Head, Renee
McKinney and many other
prominent Bahamian alum-
ni have been meeting to co-
'ordinate the festivities that
are associated with the estab-
lishment of this first chapter.
In addition to this event,
which will be held May 4, the
university will also be host-
ing their yearly preview ses-
sion on Saturday, May 5 at
the British Colonial Hilton.
This activity allows
Bahamians wishing to study
abroad to explore the educa-
tional opportunities at Flori-
da International University.
Students will have an
opportunity to be admitted
on the spot if they meet the
admissions criteria and will
learn about scholarship
opportunities.
Parents will have a chance
to meet with the admissions
director abut their children's
educational opportunities
abroad.


Foreign investment claims attacked


THE PLP's "bogus and dra-
matically inflated" claim of $20
billion dollars worth of foreign
investment continues to unrav-
el. according to the FNM.
The party said in a statement
yesterday that "precious little
of this money has found its Nwa
into the country in terms of
jobs, shovels in the ground or
other wealth-generating oppor-
tunitics".
FNM leader Hubert Ingra-
ham has argued that the signing
of a heads of agreement is not
the same as dollars spent.
The opposition claims the
PLP rushed to give away mas-
sive amounts of land and
unprecedented concessions in
numerous "flawed and often
secret" agreements. The party
said these deals are "catching
up with Perry Christie's gov-
ernment and exploding the
myth of $20 billion in invest-
ment".
The PLP, the opposition said,
have been wildly and extrava-
gantly "counting their chickens
before they hatch".
"The latest example of the
PLP's amateurish and incom-
petent management of the
country's resources is the
embarrassing impasse and pub-
lic feuding between the govern-
ment and the developers of
Baha Mar," the FNM said.
The developers have gone
public with their discontent
about the government's failure
to meet a March 15, 2007, dead-


* FNM leader Hubert Ingraham

line on an additional heads of
agreement.
"Perhaps Baha Mar, like
many other investors, sense that
a weakened administration is
desperate to conclude some-
thing before the election," the
FNM said.
The opposition said that the
public outcry over the details
of the Baha Mar project is com-
ing "fast and furious" and from
numerous quarters.
"Mr Christie likes to rush
around making grand speeches
while paying no attention to
details. He says so much and
does so little. Now...Lbe
Bahamas is paying the price for


his blinkered vision, junkanoo
shuffles and lofty but mean-
ingless rhetoric," the FNM
said.
The party said that a new
FNM government will secure
the long-term interests of the
country through careful and
competent negotiating.
"Bahamians can trust Huibert
Ingraham and his colleagues to
master the details of any agree-
ment an FNM government signs
and be fair with both the
Bahamian people and genuine
investors. They will certainly
not mislead people by counting
chickens before they hatch." the
party said.


U U


SMonday to Satur
r'day


O0am to 5pm
O0 ^^


See Monday's Tribune for


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"- I


THE TRIBUNE


FRIDAY, MARCH 23, 2007, PAGE 7


avel

tQI~sPItf~j













PAGE 8, FRIDAY, MARCH 23, 2007


THE TRIBUNE


Giving an overview of candidates'


THE recent Boundaries
Commission report indi-
. cates that the PLP might be trying
to "tief" the general election in a
desperate attempt to save several
of their most vulnerable MPs.
While both the PLP and FNM
governments are guilty of gerry-
mandering to suit the governing
party's agenda, it can only be to
the advantage of this government
that the Commission's report
comes so late, particularly as
some* opposition candidates
would have difficulties because
of the boundary cuts and con-
stituency name changes.
In anticipation of the impend-
ing political showdown, I've
decided'to examine the electoral
odds of the candidates listed to
contest seats throughout the
Bahamas.
Firstly, Prime Minister Perry
Christie appears to have faltered
in the most crucial aspect of his
role as PM-that is, leadership.
While Mr Christie seems to
hlaave tried, he appears incapable


of making decisions.
The PM has been at the fore
of a wayward Cabinet mired by
scandal, many of which he has
remained mum about and failed
to enforce his much-hyped Code
of Ethics.
In 2002. Mr Christie was given
a mandate by the people, but he
appears to have driven his elec-
toral vehicle off a cliff.
While Mr Christie brings a
more democratic style of leader-
ship to the country, no awe-inspir-
ing and tangible achievement or
investment has happened on his
watch-just a lot of photo ops
and (paper) signing.
Mr Christie can shuffle and
stomp the roach (dance) all he
wants, but it appears that he may
be the country's first one-term
Prime Minister.
There is no wonder as to why
the PM is holding on to the
tongue (clapper) of the election
bell, as he seems petrified of the
ensuing results. "
It is likely that Mr Christie will
defeat Ella Lewis in the new


- . -


WRING 8



.QLLECTI

5K HERE !


: ,.'c .I:'. .'' .


Farm Road and Centreville con-
stituency. Mr Christie earns a
grade D (with God's grace) for
administration!
Blue Hills MP Leslie Miller,
one of the better ministers, will
most likely defeat Sidney Collie.
Mr Miller has performed fairly
well in his ministerial posts and,
due to his charismatic nature and
portrayal of himself as a "'pot-
cake", his candidacy may be more
appealing to constituents.
While the Carmichael con-
stituency can go either way, FNM
challenger Desmond Bannister
has a good chance of routing
incumbent John Carey.
Mr Bannister does not come
off as charismatic and several con-
stituents complain that they "don't
feel him" and have jokingly sug-
gested that he "drives past Sir
Lynden's tomb on Nassau Street
for a little touch of charisma".
Likewise, Mr Carey reminds me
of a crab that never came out of its
hole as his voice has hardly been
heard. When asked, most people
were unaware of his existence.


r SUMMER



ON


There will be a major
upset in North Andros,
as PLP incumbent Vincent Peet
will faint in defeat, courtesy of
Shandrice Rolle (co-owner of
Western Air).
Androsians have suggested that
it would be wise for Mr Peet's
generals to prepare the smiielling
salts! There continues to be unan-
swered questions about the stacks
of US$100 bills stashed in Mr
Peet's closet, accusations of vic-
timisation after the sudden revo-
cation of permits for Western Air
pilots that almost crippled the
company, and the Korean boat
scandal and how those Koreans
obtained work permits.
FNM MP Larry Cartwright
looks set to retain his seat in Long
Island and Ragged Island, over
independent challengers James
Miller and Anthony Knowles.
Fred Mitchell, MP for Fox Hill,
must be haunted in his sleep by
the sound of Jacinta Higgs' foot-
steps.
By now, Mr Mitchell should
see the writing on the wall, as
once the election is called, he
should take a spanking in Fox
Hill-and Dr Higgs' camp has
-assured me that she has a big
(electoral) tamarind switch for
Mr Mitchell.
Mr Mitchell's inflammatory
rhetoric and pontifications on
race shows that he is sailing des-
perate straits in Fox Hill.
Mr Mitchell should know that
his racially charged utterances
will only appeal to those insecure
Bahamians who are incapable of
perspicacity.
Has Fred Mitchell taken a look
at the complexion of the investors
his government is colossally giving
crown land to, in hopes that they
would establish so-called anchor
properties? Mr Mitchell, you can't
have it both ways!
It appears that while Fred
Mitchell has been flying more
than bids, his constituents have
been neglected and his opponent
has made up a lot of ground.
Now that the FNM's candidate
has been ratified, it appears that
Mitchell's opponent has taken the
wheels off his flight, particularly
since he has hardly been travel-
ling of late.
To be totally fair, Mrs Higgs
must pay attention to the recent
boundary cuts, as a heavily pro-
FNM area-Sans Souci-has
, fn cut out of: Fox Hill.
Fred Mitchell's victory in the
last election was heavily depen-
dent upon the support of the late
George Mackey. This time
around, Fox Hillians say that Mr-
Mitchell does not need the infa-
mous Ms Cleo to predict his elec-
tion fortune.

A nn Percentie, MP for
Sj..LPineridge, will be dis-
patched by newcomer Kwasi
Thompson. Ms Percentie is one of
several PLP members who won
their seats on a breeze and will now
find themselves walking the plank.
Independent South Andros MP
Whitney Bastian will retain his


YOUNG MAN'S VIEW


AD R I AN


seat.-Although Mr Bastian is in a
tough race with challengers
Picewell Forbes (PLP) and Mar-
jorie Johnson (FNM), it is
thought that the two contenders
won't have a chance.
Mr Bastian has been a vocal
MP, who has persistently agitated
for South Androsians and has
become a thorn in the govern-
ment's side.
Obie Wilchcombe, the PLP's
MP for West End and Bimini, will
retain his seat over the FNM's
David Wallace. Following the
hurricanes in Bimini a few years
ago, the Chalks airplane crash in
2005 and the arrival of the Ginn
project to West End, it is said that
Mr Wilchcombe's hands-on sup-
port has earned him a lot of cred-
it with his constituents. He earns
high marks as a minister.
Kenneth Russell, the FNM's
MP for High Rock, is expected

There is no
wonder as to
why the PM is
holding on to the
tongue (clapper)
of the election
bell, as he seems
petrified of the
ensuing results.


to politically annihilate PLP chal-
lenger Dowdeswell Coakley.
When the vast majority of FNM
MPs were blown down during the
electoral storm of 2002, Mr Rus-
sell remained standing. It is high-
ly unlikely that he will fall now.

B ain Town, the contro-
versial seat being con-
tested., by Independent C B Moss,
the FNM's David Jordine and the
PLP's Dr Bernard Nottage will
be one to watch.
After years of loyalty to the.
PLP, Mr Moss was once again
denied his party's nomination and
double-crossed in what he called
"a betrayal of monumental pro-
-portions".
After several promises about
his candidacy were broken, Mr
Moss resigned from the PLP and
asserted that the PM's word
means nothing.
He referred to the actions of
those that made and broke an
oath with him as "disrespectful,
abusive and treacherous". It
appears that Mr Moss was again
backstabbed in what seems to be
a clear-cut case of political canni-
balism!
While I am an advocate of the


GIBSON


notion that church and state
should be two separate entities,
this entire affair goes to the heart
of integrity!
And if Mr Christie is such a
proponent of church and state
being separate, why is Bishop
Neil Ellis'constantly brought in
to mediate in state affairs? Why
did the election rallies cease for
Lent? And, why does Mr Christie
feel that he can claim that God
will facilitate his return as PM?
What about Mother Pratt?
The sacrifice of C B Moss does
seem to be a play at political
expediency, to orchestrate the
return of Dr Nottage to the
House of Assembly.
However, Dr Nottage will be
unsuccessful in Bain Town as Mr
Moss will either split the PLP
vote and thereby facilitate David
Jordine's victory or, although far-
fetched, win the seat outright.

n Kennedy, FNM chal-
lenger Michael Turnquest
is expected to take Kenyatta Gib-
son out. The people of that con-
stituency are upset with their
MP's lacklustre representation.
Mr Gibson was one of two MPs
involved in a Cabinet Room scuf-
fle which led to the damage of a
table and windows.
Allyson Maynard-Gibson is
expected to squeak by Byron
Woodside in Pinewood. Mrs Gib-.
son has been embroiled in con-
troversy at both- ministries to
which she was assigned.
As Minister of Financial Ser-
vices and Investments, Mrs Gib-
son was accused of victimisation
after unceremoniously firing for-
mer Registrar General Elizabeth
Thompson.
Months after she was appoint-
ed Attorney .General, Mrs Gib-
son was at the centre of a con-
troversial ruling by Supreme
Court Justice John Lyons that
asserted that the independence
of the judiciary was being
infringed upon and that judges
were not adequately remunerated
as outlined by the Constitution.
Although Mrs. Gibson,appears to
be strong-headed, I'm told that
she has done well and has strong
support in her constituency.
Carl Bethel will defeat Hope
Strachan in the new Seabreeze
constituency. Politically, Mr
Bethel is a firecracker and has
shown that he has backbone dur-
ing the FNM's lows-even when
others had long run away.
1However, Mr Bethel's low
point is that he must learn to lis-
ten more, particularly as it is
thought that he is arrogant and
never at a loss for words.

t is unfortunate that Sidney
Stubbs (the current MP for


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chances in the upcoming election


the area) is being thrown under
Sthe bus by his party, while other
persons involved in the Korean
boat and BAIC scandals are
allowed to run.
Maybe it's time for Mr Stubbs
to expose the skeletons in the
PLP's closet!
Elma Campbell will send Mal-
Scolm Adderley back into the
Sabyss. Mr Adderley reminds me
of the movie 'The Invisible Man'.
If asked, the average Bahamian
would not know that Mr Adder-
Sley or his constituency exists.
SThere are several MPs who
Shave so poorly represented their
constituency that the Treasury
should ask for a refund-it is my
opinion that Mr Adderley has
done an abysmal job as MP.
Tommy Turnquest will defeat
Keod Smith in the new Holy
STrinity constituency. Mr Smith,
the current Mount Moriah MP,
was the other half of the duelling
twosome that came to blows in
the Cabinet Room last year. It is
Surprising that both Keod Smith
I' and Kenyatta Gibson are getting
'their party's nod.
':' Charles Maynard will easily
--" win in Golden Isles. My barber, a
resident of Coral Harbour, told
me: "Michael Halkitis won't even
get his deposit back. He had bet-
-- ter enjoy his last walk, enjoy look-
c" ing at the House of Assembly's
rf, walls in his last few hours."
- ( Glenys Hanna-Martin will
'i" knock out attorney Raymond
'I Rolle in Englerston. Mrs Martin
-is one of the PLP's most respect-
-. ed ministers and deserves merit.
Although she started slow, she
seems to have learnt the ropes.
SHowever, the airport restructur-
;. ing and transfer of authority is
-" overdue and must be handled
'' expeditiously. A plus for Mrs
SMartin is that Englerston is his-
torically a PLP stronghold that
- has never been won by the FNM.
- B'

Sranville McCartney is
likely to edge out Inde-
pendent candidate Tennyson
Wells in Bamboo Town. This area
'- has been a stronghold for Mr
r. Wells for many years, and since
Sthe PLP have not nominated a
-: candidate to challenge him, Mr
McCartney has a tough journey
Ahead.
SNeville Wisdom will be defeat-
'' ed by Dr Hubert Minnis in Kil-
. larney. Dr Minnis, the man who
I ': delivered' Anna Nicole's contro-
;. .


versial baby (Dannielyn), will also
deliver Mr Wisdom to the politi-
cal boneyard.
Mr Wisdom has not been one
of the brightest ministers, and has
also been the centrepiece in the
scandal surrounding the junkanoo
bleachers. His disparaging
remarks about a reporter,
unknowingly left on The Tri-
bune's voicemail, showed that Mr
Wisdom may have a paternalistic,
elitist outlook. Come election
night, Mr Wisdom may have to
be sedated!
Phenton Neymour should hit a


Bain Town, the
controversial seat
being contested
by Independent
C B Moss, the.
FNM's David
Jordine and the
PLP's Dr Bernard
Nottage will be
one to watch.

home run over Wallace Rolle in
South Beach. One commentator
said of Mr Rolle, who recently
switched from FNM to the PLP:
"Wallace was FNM this morning,
and now is a PLP this evening.
How can we trust him? If the PLP
doesn't give him what he wants,
will he be BDM tomorrow?"
Although St Thomas More
could go either way, Reese Chip-
man stands a good chance of
defeating Frank Smith. I would
hope that Mr Smith was more vis-
ible in the community than he is
in the House!
In Eight Mile Rock, Verna
Grant will send PLP senator
Caleb Outten deeper into politi-
cal oblivion.
Lucaya MP Neko Grant will
put a spanking on attorney Con-
stance McDonald.

PLP incumbent Philip
"Brave" Davis will likely
edge out Gladys Sands in the Cat
Island, Rum Cay and Salvador
constituency.
FNM challenger Zhivargo Laing
is likely to make a return to the


House of Assembly with his prob-
able defeat of incumbent MP Pleas-
ant Bridgewater in Marco City.
Fort Charlotte MP Alfred
Sears may be edged out by
Michael Barnett. Residents of the
area claim that Mr Barnett's can-
didacy has even encouraged PLP
generals to leave their party and
support him.
Previously, Mr Sears has had
to unfairly juggle two ministries,
but more recently, his perfor-
mance as education minister has
been below average.
FNM deputy leader Brent
Symonette will once again humil-
iate Yvette Turnquest. Mr
Symonette who, sources say, will
run in the new St Anne's con-
stituency, is almost sure to win
his seat. Frankly, Ms Turnquest
will be a victim of political sui-
cide!
Dion "The Bruiser" Foulkes
wit' put a bruising on Alfred Gray
in MICAL. Mr Gray, who has
performed poorly as a minister,
has recently been accused by con-
stituents in Mayaguana of vic-
timisation.
Dion Foulkes said of Mr Gray:
"Residents are complaining that
their MP has not delivered on the
promises he made, in addition to
other matters which the voters
find greatly offensive."

Former Bahamas ambas-
sador to Washington
Joshua Sears will send incumbent
Exuma MP Anthony Moss into
the political wilderness.
Mr Sear's chances are height-
ened by the number of Long
Islanders who have migrated to
Exuma over the past five years. If
George Smith were to run as an
MP, Mr Sears would only have
an easier victory as it would split
the PLP vote.
Loretta Butler-Turner will
have the fight of her life in Mon-
tagu, as she goes against Master
Technicians CEO Ricardo Tre-
co. One look at the recent bound-
ary cuts and it would be clear that
this seat could go either way.
Oswald Ingraham, the House
Speaker, could taste defeat in
South Eleuthera against FNM
challenger Johnley Ferguson.
Mr Ingraham has performed
poorly as Speaker as, in my opin-
ion, he just sits with a big wig on
his head in an out-of-cofitrol
Ho use.
Mr Ferguson was initially


announced winner of the MICAL
seat in 2002 but, following an
election court recount, he con-
ceded defeat to Alfred Gray. He
lost by fewer than 10 votes.
Golden Gates will be a hotly-
contested seat. Incumbent Shane
Gibson resigned in disgrace from
the Cabinet after controversial
photos of him with the late Anna
Nicole Smith were published.
Mr Gibson has also been in the
international media after voice
messages he left for Anna Nicole
were released. He has also been
accused of violating his minister-
ial portfolio by allegedly accept-
ing a watch as a gift. A police
investigation is ongoing. Don
Saunders should defeat Mr Gib-
son in Golden Gates, but Mr Gib-
son reportedly has a diehard sup-
port base.

Edison Key (FNM), who
jumped from the PLP,
stands a good chance of defeating
Gary Sawyer (PLP) in South
Abaco. It appears that Mr Key
will ride the FNM's hog into pow-
er.
FNM leader Hubert Ingraham
will crush Fritz Bootle in North
Abaco-end of story!
The fight between FNM chal-
lenger Pauline Cooper-Nairn and
incumbent Melanie Griffin in
Yamacraw could go either way.
Ron Pinder will likely defeat
Earl Deveaux in Marathon. He
has performed well as a parlia-
mentary secretary, and his con-
stituents speak highly of him.
Garden Hills incumbent
Veronica Owens will be a victim
of circumstance. Ms Owens will
be sent packing by FNM chal-
lenger Brensil Rolle, who lives in
the constituency.
According to constituents, their
MP has not performed well and
has already had her political
death sentence read and will be
marched to the electoral gallows
on polling day.
If he is nominated to run in
Clifton, attorney Kendal Wright
(FNM) is expected to have a
tough fight against Jackson
Ritchie. This race is expected to
be extremely close.
Alvin Smith will fly into the
House again. He has been a good
MP, and he was a strong and can-
did opposition voice in the House
of Assembly after the FNM's
crushing defeat in 2002.
Deputy Prime Minister Cyn-


thia "Mother" Pratt will unques-
tionably defeat Felton Cox in St
Cecilia. As a minister, she was
placed in a ministry which she
seems incapable of handling. In
my opinion, she is more suited
for a ministry of social services
or ministry of religion.


After the Lenten season, when
the candidates have been formal-
ly announced and the campaigns
are in full swing, my position on.
the electoral chances of certain
candidates may be updated.
ajbahama@hotmail. com


. ---


m4T
~csjja~


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ALMERA


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ON THE SPOT FINANCING WITH
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THE TRIBUNE


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PAGE 10, FRIDAY, MARCH 23, 2007


THE TRIBUNE
B 4^

ii I'


)unfe


STORY SO FAR: Having left the
refugee camp in Macedonia, Meli and
her family are settling into their new life
in Vermont-when terrorists crash two
planes into the World Trade Center in
New York City and into the Pentagon in
Washington, D.C. It is September 11,
2001.


CHAPTER EIGHTEEN
A New Kind of War


oon the whole world knew that
the terrorists who crashed the
planes were Muslim fundamentalists
who had killed themselves and thou-
sands of innocent people. "This is not
the way of Allah," Papa said. "This
is sickness, madness."
I was aware all the next day that
people were looking at me strangely.-
They gathered in little groups and
whispered as I walked by. During soc-
cer practice I realized that my team-


mates were not passing the ball to me
as they usually did. I tried to pretend
that I did not notice-that the strange
looks they gave me were in my imag-
ination. But later, in the shower, I
heard them talking. Their voices were
loud, as though they wanted to be sure
that I could hear them.
"That's what her family is," one girl
said. "One of them."
"No," someone protested. "She's
okay."
"Just ask her," the first girl said.
"You'll see."
I wondered if I should just stay in
the shower, but I knew that was cow-
ardly, so, wrapping my towel around
me, I walked out to where the other
girls were dressing.
"Go ahead, ask her." It was Brit-
tany, a large girl who played goalie.
She pushed Rachel toward me.
Rachel turned red, glanced back at
Brittany, and cleared her throat.
"Sbmeone said you were one of them,
Meli," she said. "Is that true?"
"I don't understand," I said. "I am a
Kosovar."
"But what's that? It's not Christian,
is it?" said Brittany.
"No," I answered. "Serbs are Chris-
tian. I am not Serb. I'm Albanian."
"I thought you just said you were
Kosovar. What are you, really?"
another girl asked..
"Aren't you one of them?" Brittany
demanded.
"What do you mean, them?" Of
course I knew what she meant, but
somehow I wanted to make her say
it out loud, in my face.


"Like the terrorists. You know, like
their religion."
"I'm not a religious person. But if I
have to choose Christian or Muslim,
then, okay, I am Muslim. But I am
not a terrorist."
Brittany shoved Rachel forward
again. Rachel wouldn't look me in the
eye. She knew she was the one girl
who I had felt was almost my friend.
"Ask her about her brother," Brittany
ordered. "I'll bet he's a terrorist."
"It is not terrorist to want to defend
your homeland!" I said. As soon as
the words were out of my mouth, I
knew I should not have spoken them.
"See!" said Brittany, shoving Rachel
aside and putting her own face so
close to mine that I could see the pim-
ples on her cheeks about to explode.
"See! I told you." She slung her book-
bag over her shoulder, nearly hitting
me in the jaw. "Why don't you go back
to where you belong? We don't want
any Muslim terrorists here." She
grabbed Rachel by the arm and
dragged her out of the locker room.
All of the other girls followed, leaving
me there, still wrapped only in my
towel. I was shivering.
Carefully, methodically, I dried
myself and put on my street clothes.
Then I collected my practice uniform
and my game uniform from the lock-
er and took them to the coach's desk.
I scribbled a short note resigning from
the team and walked over to the boys'
field to meet Mehmet. He was alone
too. His nose was bloodied. I did not
bother to ask him why.
"What happened?" Mama cried as


soon as we walked into the apartment.
"I'm going home," Mehmet said. "I
hate America."
Papa turned off the television and
got up. "What is gomig on?" he asked.
"They were all swearing against the
terrorists. Then they say all Muslims
are terrorists, and Americans must
kill them all before they kill all the
Americans. And then.. ." Mehmet
was close to tears, he was so angry.
"And then I say, 'I am Muslim. Are
you going to kill me?' So they try."
He wiped his bloody nose with the
back of his hand. "I am never going
back.
"They think I am like those terror-
ists. They hate me. Well, I hate them.
We are even."
"And you, Meli?" Mama asked.
I didn't want to cry. Somehow, if I
cried, Brittany would win. "I've quit
the team," I said.
"Oh, no," said Papa, "you must go
back. You must both go back. If you
don't go back, the terrorists will win.
This is America. It's not Serbia. You
have to go back."
"Never," Mehmet said, tossing his
head defiantly. "I'm going back to
Kosovo."

(Continued on Tuesday)


Text copyright
2005 by Katherine Paterson
Illustrations copyright
2005 by Emily Arnold McCully
Reprinted by permission
of Breakfast Serials, Inc.
www.breakfastserials.com


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FRIDAY, MARCH 23, 2007, PAGE 11


THE TRIBUNE


L N


Strip club event sparks pastors'



warning to young girls


FROM page one

nude photos of hundreds of
Bahamian girls.
Magic City ran into trouble
last November when it was raid-
ed by police officers in the ear-
ly hours of the morning. Ulti-
mately, the girls the majority
of whom were foreign were
only charged with immigration
violations.
At the time, the pastors
retorted that the fact that the
women were only charged with
this violation, and not one relat-
ing to indecency, had disturb-
ing implications that is, if the
women were Bahamian, the
club's operation would be
untouchable.
This competition is evidence
of a move to take advantage of
this implication, claim the pas-.
tors.
"Basically...our assertion (is)
that this event, apart from being
a recruitment drive for Magic
City, is a way for them to get
free images of these girls," said
Mr Moss.
Mr Moss claims that this
becomes evident when one
looks at the detail of the poster,
which points out that winners
will be offered a contract with
"Diamondz n Pearlz" model-
ling agency.
Visiting the website, one will
find girls in "soft" pornograph-
ic poses, wearing little more
than tassles on their nipples,
and G-strings.
"To the average minded
Bahamian who is decent, you
would think a bikini competi-
tion, you would think that is a
low cut panty like thing that
women wear on the beach,"
said Mr Moss.
"Of course, looking at that
site, you know that won't fly on
that site. These girls are gener-
ally told the more of your body
you bare the better you are
going to be judged," he said.
Mr Moss claims that photos
taken of the girls at the event -
which features competitions
such as "Sleekest Hottest
Body", "Rump Shaker" and a
"Wet t-shirt" show will soon
end up on websites of a similar
nature, or in magazines, as girls


unwittingly sign off their rights
over the images.
Backing up his point, said Mr
Moss, is the fact that in a recent
issue of pornographic magazine
"Smooth", photos are featured
of girls taking part in an event in
Jamaica similar to the one
organised by Magic City for this
weekend.
Furthermore, this magazine
is one that uses models affiliat-
ed with the Diamondz and
Pearlz modelling agency.
"Our concern is that many
unsuspecting girls who believe
that this is a legitimate event
are going to get involved in it,
and even those who may know
that they will have to wear the
barest of G-strings in this, would
not know that their images are
going to be plastered over the
internet and sold as in the case
of many others," said Mr Moss.
Mr Bethel said he believes
that some women will be aware
of the full implications of the
event, as they see it, but that
many will not, and must be
warned.
The church has a responsibil-
ity to help individuals not to
make life choices that they will
"regret for the rest of their life",
said Mr Bethel.
"We really are concerned for
these individuals because we
know the deep, dark pit of that
world," added Mr Moss.
Pastor Moss said that the sit-
uation would be helped if the
Slaws relating to the activities
that go on at Magic City, and
clubs like it, were strengthened.
In September 2005, topless
dancers from the Butterfly Club
on East Bay Street were
charged with indecent exposure,
but their lawyer, Wayne
Munroe, argued the case that
prostitution and topless danc-
ing are not illegal in the
Bahamas unless it could be
proven that someone has been
personally offended by the act.
The women were acquitted of
that charge.
At the time, Mr Moss and Mr
Bethel, with several other
church members, said that they
were seriously concerned that
"open season" had been called
on commercial forms of lewd
activities in the Bahamas.


Tinder's FuneralHome
"ServiBey sond Measure'
PALMDALE AVENUE, NASSAU, BAHAMAS
PHONE: 322-4570/ 393-1351 CELL: 357-3617
RANNIE PINDER President




Marshall George
Albury, 68

of- Marsh Harbour,
Abaco will be held at
A.B. Apostolic Church,
Marsh Harbour, Abaco
on Saturday March
24th, 2007 at 3.00 p.m.
Burial will in the Public
Cemetery Marsh
Harbour, Abaco. Brother
Andy Sawyer Officiting.

He is survived by his wife, Christine Albury;
five children, Dianne,, Ricky, Cherylann, Kris
and Maryann; seven grandchildren, Adrian,
Adam, Dale, Mitch, Drew, Carlos, and Shania;
one sister, Karen Dam; eight sisters-in-law,
Jenny Barry, Viola Gordon, Iris Ritchie,
Gwendollyn, Nancy, Shirley, Margaret and
Christine Russell; nine brothers-in-law, Johan
Dam, Hartwell, Eral, Don, David, Hank, and
Terry, Michael Barry, and Nowell Gordon;
one daughter-in-law, Marla Key; three sons-
in-law, Jensen Pinder, Stephen Key, and
Alleslie Gibson; nieces and nephews, Jihan,
Lisa, Beth, Patricia, Rebecca, Jessica, Jordana,
Hanisha, Jonathan, Johan, Ejnar, Audie, Rory,
Bryce, Nevin, Jeremy, Jake, Johnnie, Stephen,
Ralph, James, Joshua, Caleb, Cordero and
Eric; special friends, David Whitlock, Lisa
Albury, Kandy Pinder, Carol Jean Lowe, and
Joyce Thompson, Andy Sawyer and many
other relatives and friends.

Funeral arrangements are being handled by
Pinder's Funeral Home Palm Dale Ave.


Yesterday, Mr Moss empha-
sised that this case should not
be considered a precedent-set-
ting one as it was at the Magis-
trate's court, and not the
Supreme Court level.
However, he added that the
ruling had nonetheless had the
unfortunate effect of making it
less likely that police will charge
any women found doing the
same in the future.
This was the case after the
raid on Magic City last Novem-
ber, he said.
The two pastors assert that
the government, as an institu-
tion responsible for regulating
public behaviour, should be
investigating the legality of the


Bikini Competition event,
which is to be held on Crystal
Cay.
"Questions to be asked are:
Who owns Crystal Cay? Who
gave them permission to put up
posters all over the island?" Mr
Moss wanted to know.
The government has a
responsibility to "ensure that
there's the appropriate level of
public decency", with this cor-
responding to "the general
norms of our society," he said.
"And Diamondz and Pearlz
is not our society."
Messages left seeking com-
ment from Magic City were not
returned yesterday.


Rev asks Christie, Roberts to deny

they promised him PLP nomination

FROM page one

According to Rev Moss, he was
not present at the PLP nomina-
tion meeting when he did not
receive a seconder. He said he was
not aware that such a meeting had
taken place.
Rev Moss also said, in reference
to his growing feud with the PLP
leadership, that when "you appear
to go up against the powers that
be, they try to vilify you,
and cast aspersions on your char-
acter."
This statement refers to what
Rev Moss has described as alleged
efforts by the PLP to smear, intim- .
idate and discredit him.
The independent candidate
referred to letters circulated by the U REV C 8 MOSS
PLP revealing that he had once crit-
icised then PLP candidate Ruby Ann Darling, for being involved in a
religious broadcast programme while also seeking political office, as a
mere diversion from the real issues at hand.
"The prime minister really did not respond to me to the points I
made. In typical fashion; he talked a lot but he didn't really say any-
thing," he said.
As for Mr Roberts, Rev Moss said "he talked loudly as usual, but he
didn't say anything either."
In response to the claim that he had little to no support in the Bain
and Grant's Town Constituency, Rev Moss stated that the upcoming
election will soon determine if he has support, or not.








Tel: (242) 326-5773
NEWBOIL BROTIERSF

CHAPEL







Benson 'Bounce"
Newbold, 42

of Bennett's Harbour Cat
Island, will be held on
Saturday, March 24th, 2007,
at 10:00 a.m., at Lakeview
Church of God,.Bozene
Town. Officiating will be
Rev. Charles Dean,assisted
by Rev. Birthlon Newbold.
Interment follows in the
Southern Cemetery,
Cowpen and Spikenard
Roads.

His survivors include, one sister, Zelma Newbold,
"Teacher" of Bennett's Harbour Cat Island; five brothers,
Supt. Hillard Newhold of the Royal Bahamas Police
Force; Emick Newbold, Custom Officer; Rev. Birthlon
Newbold, Kirklon and Milton Newbold; five sisters-in-
law, Ismae, Amanda, Marsha, Helena and Barbara
Newbold; twenty-three nieces; Malvese, Angirece,
Shonell, Timya, Dannya, Shirece, Leotha, Lethera,
Rochell, Erica, Hillary, Kee-shee, Sheniqua, Kayvonne,
Eyvonne, Onette, Shanty, Precious, Tera, Gacinta,
Enricka, Endecia and Candlique; fifteen nephews, Ikelyn,
Glanville, Enrick Jr., Trevor, Renardo, Mackwell, Shervin,
Leshawn, Pedro, Kelson, Marco, Kemron, Kruahiner,
Dermeco and Desmond Fawkes Jr.; one niece-in-law,
Shenika Bannister; two aunts, Ruth Kerr and Verdell
Munnings; numerous other relatives and friends induding,
Inez McKenzie, Susan Hall, Gwen Rahming, Asst. Supt.
Elaine Sands, Deidre, Theresa and Carolyn Deveaux,
Mary Paul, Myrtle Dean, Christine Dean, Lillis, Lucinda
Dean, Fearmeana Feast, Charles, Wenzel, Tony,
Anishka and Shelly Kerr, Kathleen, Marsha, Brenda,
Jacklyn Stubbs and family, Merlice Dean and family,
Roland Seymour and family, Francis, Rosa Reckley,
Dianne Knowles and family, Kevin Campbell, Nurse
Turner and family, Mabel Rogers and family, Leah
Thurston and family, Elaine Seymour and family, Lydia
Gordon and family, Junior Thurston and family, Brenetta
Thurston and family, Minerva Rolle and family, The
Farrington family, Clarence Thurston and family, Allworth
Rolle and family, Hencil Strachan and family, Catherine
McDonald and family, The Strachan family, The Rahming
family, Dr. Bartlette and the Staff of the Orange Creek
Clinic and the entire community of Bennett's Harbour
and Orange Creek Cat Island.

Relatives and friends may pay their last respects at
Newbold Brothers Chapel, Palmetto Avenue & Acklins:
Street off Market and East Streets on Friday from 10:00
a.m. to 6:00 p.m., Saturday at the church tTom 9:00
a.m. until service time.


Sandals Royal Bahamian Resort
@ Offshore Island.

Invites applications for the position of:

FINANCIAL
CONTROLLER

Applicant must possess knowledge of the
application of generally accepted accounting
principles, internal control systems and
computerized systems; ability and willingness
to train, counsel and coach employees; proven
ability to create and implement project plans and
re-engineering of existing ways of doing business
to facilitate improvements in productivity as well
as strong leadership in areas of responsibility.

Salary will be based upon qualifications and
experience. We offer excellent benefits.
Interested persons should submit resume by email
to: cmajor(srb.sandals.com.


m


COMEGROW WITH US!
We're expanding to our new premises,
on Chesapeake Rd. & we're seeking a:


PRIMARY DUTIES:
*Spearhead the growth of current brands
& introduce new products to business
houses & the general public in Nassau
& the Family Islands.
*Supervise & train a small team of
salespersons/merchandisers on the trade.
*Monitor & track monthly sales by category;
plan product forecasts.
*Plan & organize seasonal promotions
& events tor products.

SUCCESSFUL APPLICANT MUST:
Have at least 3 years experience in the field.
*Be able to meet high standards & guidelines,'.,
set out by the company & manufacturers.
*Be self motivated & able to work independently.
*Possess good leadership & interpersonal skills.
*Have good computer skills.
Competitive Salary w/ Sales Incentive plus
Health Insurance & Vehicle Allowance!





PRIMARY DUTIES:
*Maintain in good order all inventory in medium
sized warehouse w/ frozen & dry goods.
*Dispatch & receive fleet of 4 to 5 trucks
before & after their daily routes.
*Receive all incoming inventory.
*Supervise & verify orders being picked up,
loaded & delivered.
*Assist w/ tracking & ordering inventory
items via computer.
SUCCESSFUL APPLICANT MUST:
*Have at least 2 years experience in
warehouse environment.
*Be able & willing to follow strict inventory
guidelines, as set out by management.
*Be self motivated & able to work independently.
*Possess good leadership & organizational skills.
*Be capable of driving & operating fork lift.
*Have basic computer skills.
Competitive Salary w/ Annual Bonus
plus Health Insurance!

Suitable persons should send their
resume w/ references & a photo to
FUN FOODS WHOLESALE
Royal Bank Building, Mackey St.
or e-mail to Iburrows@lickety.com


I mI IL ...I .. .. .


k









THE TRIBUNE,


PAGE 12, FRIDAY, MARCH 23, 2007


Baha Mar
says it's


disappointed

project 'has

become topic

of political
debate'

FROM page one

Cable Beach."
Further, Baha Mar stated
that it has not laid off any
employees. It recently
announced a one-time com-
pletely voluntary opportu-
nity for full-time employees
to separate from Cable
Beach Resorts, through a
best-practice Voluntary Sep-
aration Plan.
"In terms of investment
incentives, Baha Mar is sim-
ply requesting proportional
concessions as have been
granted to similarly situated
developers over the
past decade," the company
said.
"Baha Mar remains com-
mitted to completing nego-
tiations as rapidly as possible
given the increased risk to
the project following the
passing of the March 15
deadline, so that it can bring
discussions to a successful
conclusion to the mutual
benefit of the Bahamas and
Baha Mar."


Port Authority hearing adjourned


i


Senior PLP 'wants no part in party's election efforts'


FROM page one
ters expressing his disdain for Mr Rolle.
According to well-placed sources, Mr Hanna
and Mr Rolle were business associates at one
point before they had a "falling out".
In his letter, Mr Hanna said that to prove a
point he, his family and friends, who are PLPs,
will not be voting. He said that if these persons go
and vote for this candidate they will no longer be
his friends.
And Mr Hanna threatened that if any of his
employees voted for that candidate, they would
no longer be working for him.
Following a heated discussion at a stalwart
councillors' meeting on Friday night, Mr Hanna
left in anger over the acceptance of Mr Rolle's
candidacy..


FROM page one
and Caroline St George.
"Unfortunately, we got a.call
from the judge's clerk yesterday
saying that, as a result of a mur-
der trial which was continuing,
Justice Allen would not able to
hear us tomorrow."
The St George family filed an
originating summons in the
Supreme Court in November,
2006, against Sir Jack Hayward,
disputing his claims of 75 per cent
ownership in the Grand Bahama
Port Authority.
The St Georges are claiming
that there was a 50-50 partner-
ship.
In the action, the family is also
seeking the removal of Mr
Hannes Babak as chairman of
Grand Bahama Port Authority.
Meanwhile, the court has
appointed BDO Mann Judd's
receivers Clifford and Myles Cul-
mer to oversee the administra-
tion of the company.
Mr Smith believes that the
receivership has been extremely
beneficial to the operation of the
.Grand Bahama Port Authority.
He said efforts to settle the
issues relating to the management
and corporate administration of
the Port Authority cannot be
resolved until the issue of who
owns what number of shares is
determined.
While the. St George family has
filed an application asking the
court for a speedy trial, Mr Smith
said that the defendants, Sir Jack
Hayward and Hannes Babak, had
filed an application to convert the
original action to a writ action,


Despite the urgings of the other councillors
that he should accept the South Beach
candidate's nomination, Mr Hanna said he would
do so only if this candidate took a lie detector
test.
His request was denied as another PLP mem-
ber of long-standing said he had confidence in the
candidate committee's members and didn't think
a lie detector test was necessary.
Mr Hanna came out of the meeting in a rage
and was surrounded by friends who reminded
him that he had been in the party since he was six
years old, so he "can't let 52 years go down the
drain like that."
Speaking to The Tribune yesterday, Mr Hanna
was quick to point out that the unflattering qual-
ities Mr Rolle allegedly possesses could be found
in other members of the PLP and FNM.


which could take years.
Mr Smith said they had hoped
to ask the court on Friday to put
on hold all of the other issues
relating to Mr Babak and the
receivership and the committal
of Mr Babak for contempt until
the ownership issue is deter-
mined.
"Once that matter is resolved
by the court it would greatly assist
in determining who is in control,
or whether both families own 50
per cent, or not," he said.
On the other hand, the defen-
dants, Sir Jack and Mr Babak,
have instead focused on the
receivership issue, said Mr Smith.
"They are saying that the
whole case is very complicated,
and that there should not be a
speedy trial of that single issue
first, and that the case should be
converted into a writ action,
whereby pleadings are exchanged
and discovery occurs, and the case
would take a couple of years to be
completed."
Meanwhile, Sir Jack and Mr
Babak are saying the receivership
should be removed.
"It seems that the defendants
are more focused in getting Mr
Babak back in to manage the
companies than they are to have
the court determine whether their
client Sir Jack does, indeed, own
75 per cent as he claims.
"So, there are two applications,
one by us for a speedy trial on
the ownership issue, and the oth-
er for the transformation of the
action to a writ action. Those two
applications have been adjourned
to April 11 and 12 when the court
feels it can hear us," he said.


Al together betteH


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FROM page one

mately three weeks, he said, and
the department will set up dis-
tribution centres where voters
will be able to collect their
cards.
As of March 21st, 143,542
voters were registered. More
specifically, 97,596 were regis-
tered in New Providence; 22,843
were registered in Grand
Bahama; and, 23,103 voters
were registered in the Family
Islands. As the department is
still working with the technical
details of the boundary changes,
official registration numbers are
not yet available for each indi-


Voters registered
vidual constituency, Mr Hall increases by approximately
indicated. 15,000 each election. Despite
Since March 11th an addi- the imminence of the election,
tional 10,931 voters have regis- Mr Hall suggested that the
tered to vote. Currently, the 160,000 target can still be
total number of registered vot- attained if there is a mad rush in
ers is nearly the same as in 2002, the remaining time before the
when 144,758 people registered House is dissolved.
to vote. Though the House can sit
The parliamentary registrar's until May 22, sources have indi-
department had set its goal, or cated that the House may be
projection for the current elec- dissolved as early as the end of
tion, at 160,000 voters. Mr Hall next week.
stated that this number is based If this is the case, potential
on previous experience by the voters may only have a week or
department, which indicated so to register and participate in
that the number of voters the election.













FRIDAY, MARCH 23, 2007



SECTIONi m


business@tribuinemedia.net


Miami Herald Business, Stocks, Analysis, Wall Street


JASON Evans, owner of Nautilus, says the company's
products are of the highest standard.
(FILE photo)




Nautilus responds



over water issues


M By CARA BRENNEN-BETHEL
Tribune Business Reporter
NAUTILUS Water's relationship with the Bristol Group remains
close, The Tribune was told yesterday, as the company seeks to resolve
the "rumours and government issues" currently surrounding its opera-
tions.
Company owner Jason Evans told The Tribune in an e-mailed
response that the company respects the Bristol Group's recent decision
to remove Nautilus products from its stores as a "precautionary mea-
sure."
Mr Evans. though, denied that Bristol's decision was taken because
of concerns regarding the quality of Nautilus's water, saying the com-
pany's products were of the highest standard. "This is absolutely rumour.
results from two multinational labs
in the USA to back that comment.
I We take every precaution to assure SEE page 12B




Insurance chief queries NHI sums


* By NEIL HARTNELL
Tribune Business Editor

COLINAImperial Insurance
Company's president has ques-
tioned whether the Government's
sums for the proposed National
Health Insurance (NHI) scheme
add up, given that it costs his
company more than $50 million
per annum to cover the 1/12 of
the population that purchase
health insurance from it.
Monty Braithwaite told a
forum on NHI, organised by the
Bahamas Chamber of Commerce,
that Colinalmperial covered-
between 20,000-25,000 people
with private health insurance, a
number he currently believed was
around 23,500.
These people were covered
either by individual of group
health plans, the latter usually
created by their employer, and
they paid a combined $52-$53
million in premium revenue per
year for that coverage.
Given that the number of peo-
ple with health insurance from
ColinaImperial, Insurance was
around 1/12 of the Bahamas total
population of 300,000, Mr Braith-
waite said this worked out to $600


million in terms of the amount of
premium needed to finance
healthcare for all Bahamians.
Yet the Government was pro-
jecting that its NHI scheme need-
ed just $235 million to cover the
cost of providing healthcare ser-
vices to all Bahamians and legal
residents over the first three years
of the plan, something Mr Braith-
waite indicated as grossly under-
estimating the costs of financing
medical care for all.
"We know it's going to cost
$235 million, so you know some-
thing I don't know," Mr Braith-
waite said. "I don't think it adds
up, and we need to go back and
sharpen our pencils, because if
you're right we're doing some-
thing wrong.
"People covered in private
health insurance schemes arc
going to have to face some reduc-
tion in the quality of services."
Between his company and the
likes of Family Guardian, Atlantic
Medical, British American Insur-
ance and CLICO (Bahamas), just
over 50 per cent of Bahamians
have some form of private health


South Ocean to create




over 1,000 full-time jobs



Project to revitalise New Providence resort 'progressing well',

with over 1,000 construction jobs forecast at peak build-out


* By NEIL HARTNELL
Tribune Business Editor
The multi-million dol-
lar investment project
to revitalize the South
Ocean Golf & Beach
Resort is projected to generate
1,358 full-time jobs when fully
open, in addition to 1.200 direct
construction jobs during peak
build-out. The Tribune was told
yesterday.
Roger Stein, of RHS Ventures
and the project's managing direc-
tor, said "everything's moving
ahead and progressing well" in
terms of talks with the Govern-
ment .on concluding a Heads of
Agreement for the development,
and negotiations with potential
investment partners and hotel
brands.
He added that a draft econom-
ic impact study performed for the
South Ocean project by Oxford
Economics had projected that Ihe


development, scheduled to open
in 2010 with construction hope-
fully beginning this year, would
inject $172 million in visitor
spending into the Bahamian
economy during its first full oper-
ational year.
Hard construction spending,
which would involve the con-
struction of new buildings and
renovations to others, would total
$541 million by 2015, with the
total investment by Mr Stein,
RHS and their partners via the
New South Ocean Development
Company reaching $867 million
by that year.
Construction employment, Mr
Stein said, would average 877 per-
sons over the 2007-2010 period,
peaking in 2009.
The $541 million construction
spending had been forecast to
inject $217 million into the
Bahamas' GDP over nine years,
and generate $105 million in
wages. On the operational side,


South Ocean was forecast to pro-
duce a $3.7 billion GDP impact
over its first 20 years, generating
$1.5 billion in direct wages and
salaries for its employees.
In addition, the project was
forecast to generate $1.8 billion in
revenues for the Government in
the 23 years to 2030.
Mr Stein indicated to The Tri-
bune that the projected econom-
ic impact from South Ocean's
redevelopment and revitalisation
could be more than the initial
drafts had projected, as it did not
account for all the facilities that
could be constructed.
Meanwhile, Mr Stein said he
had met with "two five-star hotel
brands in the last 24 hours" over
possible agreements for them to
brand and operate parts of the
redeveloped South Ocean.
"The project is being received
very well," Mr Stein said.
"There's a huge amount of inter-
est globally from hotel brands


about coming in.
"It's very satisfying when peo-
ple step in and agree with your
vision. That's what's been hap-
pening over the last few weeks."
He added that all relevant eco-
nomic and environmental stud-
ies relating to South Ocean had
been completed, and that he was
now in talks to establish a tennis
training facility and "major golf
groups to run a golf school" at
the property.
Mr Stein had previously told
The Tribune that the proposed
South Ocean first phase would
involve "at a minimum" the con-
struction of 500 residential units
at the resort complex, enabling
its casino licence to kick-in.
Critical mass would be creat-
ed by adding the casino, mega
yacht marina, convention centre,
fractional ownership, timeshare

SEE page 7B


Baha Mar hopes for 'productive' Tuesday meeting


* By NEIL HARTNELL
Tribune Business Editor
BAHA Mar is hopiingi that i meeting sched-
uled for this coming Tuesday with the Gov-
ernment's technical committee will prove
"productive" in dealing with the major unre-
solved issues surrounding the supplemental
Heads of Agreement for its $2.4 billion pro-
ject, sources close to the situation told The
Tribune yesterday.
The Cable Beach developer is hopeful that
it will be able to make substantive progress on
concluding talks with the Government, rather
than just pass documents back and forth, at
next week's meeting. That meeting is assum-
ing increasing importance given that the dead-
line for Baha Mar to conclude its joint venture
agreement with Harrah's Entertainment will
then have expired by almost two weeks.
The Tribune was told yesterday that Har-
rah's which'was due to take a 43 per cent


SEE page 7B


equity stake in the Cable Beach redevelop-
ment and see its Caesar's Entertainment oper-
ation brand the Baha Mar casino and 1,000-
room hotel, was being kept informed on the
situation on a daily basis by Baha Mar.
"They're sort of puzzled at what's going on
and why it's taking so long," a source familiar
with developments told The Tribune of Har-
rah's position.
But there has been nothing yet to indicate
that Harrah's might exercise its 'walk away'
rights from the failure to complete by March
15, a move that if it happened, would send
the Baha Mar project "back to the drawing
board" and also trigger the withdrawal of the
non-equity operating partner, Starwood.
"Baha Mar is hopeful that if there is a meet-
ing next week, it will be productive and not a


meeting with no particular purpose," a source
told The Tribune. "It is hopeful now that the
Government will be able to respond next
week to the substantive issues that have been
on the table for a month, and bring them to a
conclusion."
The Tribune understands that negotiations
between the Government and Baha Mar are
effectively taking place at two levels. At the
top level are the major or "breakthrough"
issues being negotiated between the develop-
ers and the highest echelons of government,
meaning the Prime Minister and his Cabinet.
Below that is the Technical Committee, deal-
ing with all the fine details and technical


SEE page 12B


Implementation team behind ,

proposed NHI scheme asks

Government for more time


* By CARA BRENNEN-BETHEL
Tribune Business Reporter


THE project implementation team behind the proposed National
Health Insurance (NHI) scheme has requested that the Government
give it eight to nine months to complete their work before looking at
a start date for the scheme.
Stanley Lalta, the project manager, said that only the Government
can give a date for implementation during the question and answer seg-
ment at a forum on NHI sponsored by the Bahamas Chamber of
Commerce.
He added that the eight to nine-month window was necessary to pro-
vide a "period of preparation", allowing the NHI project implemen-
tation team to prepare the scheme's regulations, complete negotiations
with healthcare providers and private insurance companies, and install
the information technology (IT) system to administer and run the
plan.
Mr Lalta's statements indicate that if re-elected, the current gov-
ernment is probably looking to finish preparatory work and pass the
NHI regulations by year-end, implementing it for 2008.
Defending estimates that NHI's administration costs would be 5
per cent of the $235 million in contributions that it received, when the
agency chosen to administer the plan, the National Insurance Board
(NIB), currently incurred administration costs equal to 20 per cent of
contributions, Mr Lalta said the NHI scheme would only "buy the incre-
mental cost of what we want to do".
not use all NIB',, services.
Mr Lalta also responded to SEE page 7B


FAMILY
GUARD 7,
Insurance & Investments
to Build a Better Life
Telephone 242-393-1023


Harrah's 'puzzled' at why deal taking so long to close


I


I rC------ ~- I I I I


tI


I











PAGE 2FAM


Buins. Wel knon an


How to attract and





retain top employees


Your people are your
business, and are
therefore the biggest
investment you will make in
your business. In order to man-
age this investment, implement
the following human resources
(HR) systems as soon as your
business employs its first mem-
ber of staff and you will avoid
the hiccups that beset most busi-
nesses as they grow.
If you haven't got the time to
focus on HR, try outsourcing
recruitment, training and devel-
opment, payroll and employee
administration, government
compliance and benefit man-
agement to a third party. There
are consultants and companies
that can do this for you.
The first system you need is a
system for hiring employees.
The difference between a suc-
cessful business and one that
lags behind is often the quality
of the employees. Your job is
to find the best people, find out
what motivates them and put
them in a position that will help
them and your company grow.
Create
You should create an
employee handbook that spells
out all your policies for working
hours, dress code, benefits,
maternity benefits, pension
plans, remuneration, overtime,
paid and unpaid sick leave, per-
formance reviews, and discipli-
nary rules. Get your lawyer to
review it and your employees
to sign it when they come on
board. You should create a non-
disclosure agreement, which
spells out what company infor-
mation is in the public domain
and what they are not allowed
to disclose to others. Get your
employees to sign it when they
come on board.
You should create a job
description for every role to
summarise the responsibilities
of the job and the key tasks that
need to be completed. Put them


+


Business


I *

in order of importance and
quantify them, so that they can
be measured and appraised.
Get your employees to sign
their job description when they
come on board.
You should have a procedure
for writing and placing employ-
ment adverts. Don't leave this
area to chance. Find a way to
make those adverts compelling,
so candidates are chomping at
the bit to come and join you.
Outsource this if your writing
skills are not up to the task.
You should have a procedure
for reviewing the applicants'
resumes to determine whether
they have the skills and traits
you need for the job in ques-
tion. You should conduct at
least two interviews, the first to
weed out the chaff, the second
to take time to get to know
them, and to question them
about their CV and to deter-
mine their skills. Get them to
take a personality profiling test
to see if they match the job in
question. You should have a
procedure to conduct back-
ground checks and follow up
the references by phone if pos-
sible. You should also have a
procedure to send rejection and
offer letters, to keep all your
applicants in the loop.
The second system you need
is a system for Employee Com-
pensation and Benefits.
Although money is not the
main motivating factor for
many, lack of money can be a
demotivating factor. Get this
area right, so that you can
attract the best people out
there.
You should .r itc a list of
benelitslor your; employees
from medical, dental, vision, life


insurance, pension, employee
assistance, and subsidized mort-
gage. You should have a pro-
cedure for regularly reviewing
wage scales to make sure your
wages are competitive in the
market place.
The third system you need is
a system for managing employ-
ees. Managing is not easy. Make
your job easier by setting goals
for your employees and taking
time to give them regular feed-
back.
You should have a procedure
for setting goals so that you can
align your employees to your
company goals, and measure
their success by getting them to
set SMART Goals and reeval-
uate them regularly. Make sure
you give regular feedback.
Read The One Minute Manager
for great tips on managing.
System
The fourth system you need is
a system for training employ-
ees. This is a common area of
complaint. Make sure you have
a training programme in place
to get the best out of your
employees.
You should have a procedure
for analysing their training
needs. Do this formally at the
performance review. Then have
a procedure for writing a train-
ing plan, outlining the training
your employee will undertake.
Finally, have a procedure for
providing courses and on-the-
job training to match your
employee training needs.
. The fifth system you need is a
system for measuring employee
performance. Make sure you
measure performance regularly
to discover if your employees
are happy or productive.
You should have a procedure
for creating files for each
employee. You should have a
system for appraising your
employees and documenting
the review process to provide
evidence tor the next review.


Explain how often you meet, S..*
where you meet, the type of
meeting, how long it will take,
the type of feedback given, the
documentation required, and .
arbitration process. Publicise
performance standards at the -
interview stage, in the job
description and employee hand-
book, so that your employees '
know what to expect in
advance.
The sixth system you need is
a system for terminating ">
employees. Make sure you have
a disciplinary process in place
and follow it to the law to
ensure there are no misunder-
standings:
Also have a procedure for
terminating employees. Make
sure this is documented in your
employee handbook. Have a
termination checklist, so that
when you get the employee to
leave the company, request the .
return of keys, formally request ,
confidential company informa-
tion in their possession, and
remove their login password for :'.
your computer systems.
Keeping track of your
employees is an important func- .
tion. Don't be an antipreneur c,
and forget to plan systems for '.
this vital area. Your employees
are a key component of your :
business. So, in order to avoid t._
the trap of antipreneurship, "
make sure you spend sufficient
time on this area, as it will pay t.
large dividends for your future ,
business success. .
NB: This column is available -
as an eBook at
www.antipreneurship.com. ,:
Mark draws on 20 years of top i
level business, marketing and
communications experience in :i
London and the Bahamas. He is ..
chief operating officer of ',
www.ezpzemail.com, currently
lives in Nassau, and can be con- ,,
tacted at t
markalexpalmer@mac.com r'.
Mark Palmer. All rights .
reserved


WO' g


4


FIRSTCARIBBEAN
INTERNATIONAL BANK


CAREER OPPORTUNITY

for a

Treasurer Bahamas and Cayman
Operating Companies
Treasury Sales & Trading (TST)

Key Activities and Deliverables:

* The Treasurer is a senior member of the TST leadership team that provide best-in-class
Balance sheet management, TST control and TST dealing support for the FirstCaribbean
Group. A key focus for TST is to enhance Group interest income and develop / market TST
products to the countries' largest and most discerning clients. Countries include: Bahamas,
Turks and Caicos, Cayman, British Virgin Islands. St. Maarten, and Curacao.
* Successfully manage and extract maximum value from business projects and process
improvement initiatives designed to strengthen the operational infrastructure of FirstCaribbean
TST
* Build and improve the organizational structures and delivery platforms that support the
FirstCaribbean TST model and product lines
* Manage to successful completion, business projects and process improvement initiatives,
designed to strengthen the operational infrastructure of FirstCaribbean TST.
* Develop effective partnerships with all functional groups including Marketing, Finance,
Human Resources and Operations & Technology that directly benefit TST activities, customers
and day-to day operations.
* Key result areas include: balance sheet & liquidity management, product sales/marketing
function, product structured support, governance and market risk

Qualifications/Experience:

Graduate status with minimum of 7 years experience in the business/financial
world
3 years of specific management experience in a TST environment
Association of Corporate Treasurers (ACT) or equivalent qualification preferred
Understanding of the local Bahamas markets, competition, geographic, macro
economic and global factors impacting TST activities
Seasoned director with a solid track record of success managing and growing
TST / Treasury Products business in international financial institutions
Solid operational experience in both a sales and a trading environment

Remuneration:

Salary commensurate with the position's seniority (FC Level 9 the Bank has
11 pay levels)
Benefits- includes a car allowance, variable incentive pay (bonus) and preferred
loan rates

Applicants are requested to submit their resume with a cover letter via email by
March 29, 2007 to: deangelia.deleveaux@FirstCaribbeanBank.com

FirstCaribbean International Bank (Bahamas) Limited thanks
allapplicants for their interest, however only those under consideration
will be contacted.


-V,


THE TRIBUNE


PAGE 2B, FRIDAY, MARCH 23, 2007




















BUSINESS


INTERNATIONAL EDITION


FRIDAY, MARCH 23, 2007


THE MARKETS
STOCKS, MUTUAL FUNDS, 8B
DOW 30 12,461.14 +13.62 A
S&P 500 1,434.54 -0.50 V
NASDAQ 2,451.74 -4.18 V


10-YR NOTE
CRUDE OIL
6


INTERNET


4.58 +.04
61.69 +2.08


Stocks


mixed


after big


run-up

BY MADLEN READ
Associated Press
NEW YORK Wall Street
finished mixed Thursday, nudg-
ing the Dow Jones industrials
higher for a fourth straight ses-
sion but moving cautiously as
investors awaited new data to
assess whether their hopes for
an interest rate cut are justified.
A surprise warning that cell-
phone maker Motorola will post
a loss for the first quarter also
made the market uneasy as it
looked ahead to earnings
reports that begin next month.
Investors seemed uncertain
about where to take stocks a
day after the Federal Reserve
issued an economic assessment
interpreted as opening up the
possibility of a reduction in
short-term rates.
The statement unleashed a
wave of buying that boosted the
Dow by 159 points Wednesday,
but Thursday's session was
erratic.
Investors remained optimis-
tic about the statement but
reined in their buying as they
took note of climbing energy
costs, which made it look
unlikely that inflation will cool
enough to provoke a rate cut.
Still, falling unemployment
claims and strength in markets
overseas kept stocks from sink-
ing after this week's surge. The
Dow has had its best four-day
point gain since May 2005;
whether it continues the streak
will depend much on Friday's
report on existing homes sales,
inventories and prices for Feb-
ruary.
The blue chip index rose
13.62, or 0.11 percent, to 12,461-14.
Broader indicators slipped.
The Standard & Poor's 500
index fell 0.50, or 0.03 pere-nt,
to 1,434.54. The technology-
dominated Nasdaq composite
index declined 4.18, or 0.17 per-
cent, to 2,45174, pulled lower in
large part by Motorola's warn-
ing.
On Thursday, oil prices
climbed more than $2 to $61.69
a barrel on the New York Mer-
cantile Exchange. U.S. retail
gasoline prices have surged
about 20 percent over the past
two months as stockpiles
decline ahead of the peak driv-
ing season.
Giving investors some relief,
though, was the Labor Depart-
ment's report that the number
of laid-off workers seeking
unemployment benefits fell to
316,000 last week, the third con-
secutive decline usually a
good sign that consumers are
finding work and likely able to
keep pending.
Bonds fell sharply after the
jobs data, pushing up the yield
on the benchmark 10-year Trea-
sury note to 4.59 percent from
4.54 percent late Thursday.
Technology companies came
under pressure after Motorola
warned it will swing to a first-
quarter loss due to declining
sales. The cellphone maker fell
$1.24, or 6.6 percent, to $17.50, a
level not seen in nearly two
years.
The Russell 2000 index was
up 0.58, or 0.07 percent, at
808.05.
Advancing issues narrowly
outnumbered decliners on the
NYSE, where consolidated vol-
ume came to 3.02 billion shares,
compared to 3.13 billion shares
Wednesday.
Japan's Nikkei stock average
rose L49 percent. Britain's FTSE
100 was up 0.98 percent, Ger-
many's DAX index was up 2.16
percent, and France's CAC-40
was up 1.75 percent.


CONGRESS


Blame


flies for


high-risk


mortgage


meltdown


MARK LENNIHAN/AP
MORE CONTROL: The new venture between NBC and News Corp. is aimed at giving the broadcasting
companies greater control over how their shows are distributed on the Internet. Above, the GE
building, center, headquarters of NBC's Universal division.



NBC, News Corp. to



form online video site


E NBC and News Corp. will
create a new website that
features full-length films and
television shows, the
companies said. Yahoo!,
Microsoft's MSN and Time
Warner's AOL will distribute the
shows on their sites.
BY SETH SUTEL
Associated Press
NEW YORK NBC Universal
and News Corp. joined forces
Thursday with several major Inter-
net companies to distribute TV
shows, video clips and movies
online in an effort to better control
their programming and counter
competition from YouTube.
The new network, which would
launch this summer, comes in
response to the explosive growth
Google's YouTube, a do-it-yourself
video-sharing site that is being sued
by Viacom, another major media
company, for copyright infringe-
ment.
The venture is aimed at giving


broadcasting companies like NBC
and News Corp., which owns the
Fox broadcast network and the
Twentieth Century Fox movie and
TV studio, greater control over
how their shows are distributed on
the Internet. NBC, a unit of General
Electric, also owns the Universal
film studio and several cable chan-
nels including Bravo.
Rather than create one online
destination, the shows will be avail-
able through a number of websites
that already receive large amounts
of visitors, including Yahoo, Time
Warner's AOL, Microsoft's MSN,
and MySpace, which is owned by
News Corp.
NBC, Fox and other TV net-
works have been scrambling to find
ways to distribute their shows
online in a way that they can con-
trol and generate revenue from
advertising.
Several media companies have
experimented with ways to stream
video of their shows over the Inter-
net and sell advertising to support


it, but no clear business model has
yet emerged.
This month, CBS Corp. is
streaming NCAA basketball games
with ads, and Walt Disney's ABC
network streams full episodes of
some of its hit shows online such as
Lost, also supported by ads. Several
networks also sell downloads of
their shows that can be ved on
iPods, televisions and cp
through Apple Inc.'s iTudelStl.'
TV programs owned by NBC
and News Corp. such as Heroes, 24,
and House as well as clips and
movies will appear on the new ad-
supported online network. NBC
and News Corp. say they have
already signed up a number of key
advertisers, including General
Motors, Intel and Cadbury
Schweppes PLC.
YouTube allows for millions of
users to see clips from network
shows uploaded by users, but sev-
eral media companies have fought
what they say is unauthorized use
of their programming.


AVIATION


EU backs deal with U.S.


to lift some flight restrictions


* An aviation deal will allow
airlines to fly from anywhere in
the EU to any point in the U.S.
BY AOIFE WHITE
Associated Press
BRUSSELS The European
Union approved an aviation deal
with the United States on Thursday
that opens up restricted trans-At-
lantic routes to new rivals, but
bowed to British concerns in delay-
ing when the agreement takes
effect.
The "Open Skies" deal will
allow airlines to fly from anywhere
in the EU to any point in the U.S.,
shedding limitations that also dis-
courage them from charging what
they like or combining with other
carriers.
The EU said its 27 nations had
unanimously voted for the deal,
which will take effect at the end of
March 2008. European negotiators
will now have to secure U.S. agree-
ment to delay the pact, originally
scheduled to begin Oct. 28, and
want to push on with new talks to
eliminate remaining barriers on air-
line ownership.
Britain won its demand for extra
time before opening up London
Heathrow, the EU's busiest airport,
to more carriers.
Only four airlines British Air-
ways, Virgin Atlantic Airways,
AMR's American Airlines and
UAL's United Airlines currently
have the right to fly from Heathrow
to the U.S., a lucrative route that
represents around a third of all EU
flights to the United States.
EU governments also stipulated
they could suspend parts of the
deal curtailing U.S. airlines' new


VIRGINIA MAYO/AP
RESTRICTIONW: 'I have ensured that the U.K. will have the right in
2010 to re-impose some or all of the restrictions that U.S.
carriers face today,' said British Transport Minister Douglas
Alexander, left, shown with EU Commissioner for Transport
Jacques Barrot.


rights in Europe if further talks
don't lead to more concessions
from the United States within three
years.
The only nation likely to do this
is Britain, which protested opening
up Heathrow when the U.S. had not
made concessions the Europeans
had asked for.
"I have ensured that the U.K.
will have the right in 2010 to
re-impose some or all of the restric-
tions that U.S. carriers face today,"
said British Transport Minister
Douglas Alexander. "I hope very
much that this will not be neces-
sary. But this sends a very clear sig-
nal to the U.S. that we are serious
about making early progress to a


second-stage deal."
EU Transport Commissioner
Jacques Barrot said he did not
believe such sanctions would ever
be levied because by 2010 both the
EU and U.S. would be moving
toward total liberalization for the
aviation industry.
"The idea behind this clause is
to bring pressure to bear on the
U.S.," he said.
British Airways CEO Willie
Walsh, however, said Britain had to
stand by its pledge to withdraw
traffic rights if the U.S. did not open
up to EU airlines. He claimed the
EU had already given away its most
valuable negotiating asset by open-
ing up Heathrow.


* The distress in subprime
mortgages higher-priced home
loans for people with tarnished
credit or low incomes who are
considered greater risks has
rolled financial markets and
stoked anxiety.
BY MARCY GORDON
Associated Press
WASHINGTON Charges of
blame were flying Thursday for the
meltdown of the high-risk mortgage
market as pressure mounted for Con-
gress to do something about rising
foreclosures among homeowners
unable to meet high payments.
Under fire from lawmakers, fed-
eral regulators said they lacked full
authority to prevent the crisis
spawned during the soaring housing
boom of 2003-2005.
Sen. Christopher Dodd, D-Conn.,
chairman of the Senate Banking
Committee, laid out what he called a
"chronology of regulatory neglect" as
banks and other lenders loosened
their standards for making riskier
mortgage loans during the boom.
"Our nation's financial regulators
were supposed to be the cops on the
beat, protecting hardworking Ameri-
cans from unscrupulous financial
actors," Dodd said. "Yet they were
I -!


come under the Federal Reserve's
supervision because their primary
regulators are state banking authori-
ties. How-
ever, Dodd
and others
maintain,
the central
bank does
authority
under fed-
eral law to
exert juris-
diction over
those com-
panies and
broaden DODD
lending reg-
ulations to cover them.
Some of the biggest companies in
the so-called subprime mortgage
market were called to account before
the banking panel.
The distress in subprime mort-
gages higher-priced home loans

low incomes who are considered
greater risks has roiled financial
markets and stoked anxiety that it
could spill over into the broader
economy.
Company executives said they had
tightened their lending practices and
eliminated some higher-risk types of
mortgages and urged Congress not to
rush in and overreact.
"We take the situation very seri-
ously and we're taking strong steps"
to correct problems, testified Bren-
dan McDonagh, the chief executive
of HSBC Finance Corp.
With millions of homeowners said
to be at risk of losing their homes.in
coming years, the issue took on an
increasingly political complexion
Thursday.
While a number of politicians,
consumer advocates and community
activists are clamoring for Congress
to act, industry interests and some
Republican lawmakers are warning
that new restrictions on mortgage
lending could choke off credit to
those who most need it.
Away from the hearing, Demo-
cratic presidential contender Sen.
Barack Obama called on Federal
Reserve Chairman Ben Bernanke and
Treasury Secretary Henry Paulson to
convene a "homeownership preser-
vation summit" bringing together
major players for the purpose of
stemming the foreclosure tide.
"We cannot sit on the sidelines
while increasing numbers of Ameri-
can families face the risk of losing
their homes," the Illinois Democrat
said in a letter to Bernanke and Paul-
Sson.
Dodd, who also is seeking the par-
ty's presidential nomination, warned
at the hearing that some 2.2 million
homeowners could lose their homes
in the next few years.


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INTERNATIONAL EDITION FRIDAY, MARCH 23, 2007 14B


THE MIAMI HERALD I MiamiHerald.com


BUSINESS BRIEFS

SHOMEBUILDERS


MATT YORK/AP
SALES HURT: KB Home said fiscal first-quarter earnings
plunged as the continuing housing slump hurt sales
and profit margins. Above, workers unload roof tiles
at a KB Home development in Gilbert, Ariz.


First-quarter profit


plunges for KB Home

From Herald Wire Services
KB Home (KBH), one of the nation's largest homebuild-
ers, said that first-quarter profit plunged as the company felt
pressure from a slowing housing market and rising defaults of
subprime mortgages.
KB warned it expects the sector's problems, most notably
a glut of homes on the market and intense price competition,
to continue at least through 2007, resulting in lower sales and
profits for the year.
For the quarter ended Feb. 28, the company reported net
income of $275 million, or 34 cents a share, down from $1733
million, or $2.01 a share, a year ago.
The company delivered 6,655 homes at an average price of
$261,400.
Shares dropped 54 cents, or LI percent, to close at $47.25
on the New York Stock Exchange.


* TECHNOLOGY
PALM 30 PROFITS FALL
WHILE SALES CLIMB
Palm Inc. (PALM)
reported a 61 percent drop
in its third-quarter profits as
speculation of a buyout con-
tinued to swirl
Sales of the company's
Treo smart phones reached
record levels, but increased
costs, $5.7 million in stock-
based compensation, and
$3.7 million in acquisition-
related charges hurt Palm's
bottom line.
For the three months
ended March 2, the Sunny-
vale-based company said it
earned $11.8 million, or 11
cents per share, on revenue
of $410.5 million. In the year-
ago period, Palm earned
$29.9 million, or 28 cents per
share, on sales of $388.5 mil-
lion.
Shares of Palm fell $171,
nearly 9 percent, to close at
$17.74 on the Nasdaq Stock
Market. In extended trading
after Palm's report, shares
gained 18 cents.

* COLOMBIA
BANANA TARIFF DRAWS
ANOTHER COMPLAINT
Colombia has brought a
new complaint against the
European Union's import
rules for bananas, officials
said Thursday, a sign that
one of the World Trade
Organization's longest-run-
ning disputes is spreading.
Colombia made the move
late Wednesday, a day after
Ecuador asked the global
trade body to examine
whether Brussels' banana
tariffs comply with WTO
rulings, trade officials said.
The dispute, which dates
back to 1996, has previously
involved the United States
and other Latin American
countries. Colombia is the
first country to join the dis-
pute or launch its own pro-
ceedings against the bloc.
The WTO has consis-
tently ruled against how the
EU sets tariffs for bananas,
forcing the 27-nation bloc to
overhaul a system that
grants preferential condi-
tions for producers from
African and Caribbean
countries, mainly former
British and French colonies.
Latin American produc-
ers and banana firms based
in the U.S. have complained
about the preference.


* JAPAN
4 FORMER LIVEDOOR
EXECUTIVES CONVICTED
Four former executives
of disgraced dot-corn com-
pany Livedoor
(LVDRF.PK) were con-
*victed of inflating earnings
reports in a scandal that has
destroyed one of Japan's
highest-flying Internet start-
ups.
The rulings followed Liv-
edoor founder and former
CEO Takafumi Horie's con-
viction last week on similar
charges of securities laws
violations and his prison
sentence of 2 1/2 years. Horie,
who had pleaded not guilty,
immediately appealed the
decision.
On Thursday, Ryoji
Miyauchi, Livedoor's former
chief financial officer, was
sentenced to 20 months in
prison after he pleaded
guilty. Three other former
executives, who pleaded
guilty to some of the
charges, were given sus-
pended prison terms.
The executives were
accused of setting up a num-
ber of funds to do stock
swaps and other stock trad-
ing to pad their books. Pros-
ecutors said the complex set
of schemes fabricated $42.5
million in profit.

FED CHAIRMAN
BERNANKE: CREDIT
MARKETS IMPORTANT
The smooth flow of
credit is "essential for a
healthy economy," Federal
Reserve Chairman Ben Ber-
nanke said Thursday, amid
continuing concerns about
the impact of risky mortgage
loans on the economy.
Bernanke, in brief
remarks to a Federal
Reserve conference, didn't
talk about the economy,
interest rates or problems
with risky mortgages, per se.
But he did say, "Credit
risk is a very important
topic."
The Fed chiefs remarks
come amid turmoil on Wall
Street about mounting trou-
bles for lenders who made
mortgages to people with
blemished credit histories.
Smoothly functioning
credit markets are good for
the economy because they
support spending and
investment by consumers
and businesses.


LATE TRADING


4an 63S p. i Late
Stak ftr. =ee d.e .
Devv D0R 63.50 63.50 80842
BkofAm BAC 51.64 51.64 69728
UgandPh n LGND 10.60 11.00 +.40 69157
antec SYMC 17.17 17.17 52751
CCirp 51.84 51.84 50500
PWAV 5.48 5.43 -.05 50428
Pfizer PfE 25.79 25.79 42698
HaIbtn s HAL 30.75 30.75 41057
Nasdl00- QQOM Q 44.26 44.21 -.05 35440
Microsoft MF 28.27 28.27 33846
Intel IIC 19.16 19.16 33748
FannleM If FNM 56.75 56.75 32418
Palm Inc PALM 17.74 17.93 +.19 31657


Stod,
FwdM
TimeWarn
SunMicro
ChesEng
Oracle
Qualcon
GenElec
o-y
cis.o
SLM Cp
GileadSd
ArcIhDan


dose
8.07
19.93
6.31
30.58
18.49
43.35
35.81
8.90
2637
42.00
14.73
35.69


u
vok
21
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27
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2.1
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24
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21
21


U.S. ECONOMY



Data: Jobs, consumers help



economy overcome woes


BY DAN SEYMOUR
Associated Press
NEW YORK A strong
job market appears to be prop-
ping up an economy suffering
from slumping home prices
and a slowdown in manufac-
turing, two economic reports
suggested Thursday.
Industry research group
The Conference Board said
Thursday that its composite
index of leading indicators,
which is meant to project
changes in the economy six to
nine months in advance,
slipped 0.5 percent to 137.3 in
February after a revised 0.3
percent decline to 138 in Janu-
ary.
The drop in February,
while expected, was the steep-
est since February 2006.
Meanwhile, the Labor
Department said on Thursday
that jobless claims dropped
last week for the third consec-
utive time, signaling that the
labor market is not seriously
weakening although the over-
all economy is slowing.
The Labor Department
reported Thursday that the


number of applications for
jobless benefits totaled 316,000
last week, a decline of 4,000
from the previous week.
Conference Board labor
economist Ken Goldstein said
in a statement that the drop in
leading indicators suggests
"moderate but choppy" eco-
nomic growth. But the econo-
my's saving grace is the con-
sumer, who has been resilient
despite swings in gas prices
and cooling home values, he
added.
SPURRED SPENDING
Michael Gregory, senior
economist at BMO Nesbitt
Burns, said that job growth in
sectors like health care, educa-
tion and leisure has spurred
consumer spending and confi-
dence.
"Jobs and wages have been
the elixir for the U.S. econ-
omy," Gregory said.
In February, more people
filed for unemployment insur-
ance, fewer homebuilders
obtained permission to build
houses and consumers
adopted a more tempered out-


look on the economy's future,
the Conference Board said.
"This is consistent with the
outlook that the economy will
probably grow at a moderate
pace over the next six to nine
months,'; said Gary R. Thayer,
chief economist at AG
Edwards & Sons.
On Wednesday, the Federal
Reserve kept interest rates
unchanged, but hinted that an
interest rate cut may be
needed to help boost a weak
economy.
The question for the econ-
omy now, Gregory said, is how
far the ripples from the hous-
ing market will spread. Hous-
ing is a crucial sector because
it creates construction jobs,
gives consumers equity in
their homes, and supports a
number of other industries.
The housing boom ended
about a year ago. Home prices
are stagnant and in some mar-
kets they are falling.
For example, KB Home, a
homebuilder based in Los
Angeles, on Thursday pointed
to a "persistent imbalance in
housing supply and demand,"


prompting builders to charge
lower prices. KB Home's chief
executive, Jeffrey Mezger, said
he expects this condition to
continue at least for the rest of
the year.
Earlier this month, Donald
Tomnitz, CEO of Forth Worth,
Texas-based homebuilder D.R.
Horton, said the housing mar-
ket slump will last all of 2007.
CURB JOB GROWTH
Gregory predicts the slug-
gish housing market coupled
with the ailing auto industry
will curb job growth and
restrain the broader economy
this year.
The Conference Board's
coincident index increased 0.3
percent in February after a 0.1
percent decline in January and
the lagging index increased 0.2
percent in February after
,increasing 0.7 percent in
December.
The Conference Board
reports "adds to the body of
evidence that the U.S. econ-
omy is shifting to a slower
gear," Gregory said.


BY ANNE D'INNOCENZIO
Associated Press
NEW YORK A sluggish
book market and intense com-
petition from rivals like Ama-
zon.com and Costco are forc-
ing the nation's top two book
sellers Barnes & Noble and
Borders Group to rewrite
the rules on the book business.
Their challenges were
revealed as both merchants
reported disappointing fourth-
quarter results on Thursday.
Borders, which reported a
loss in the quarter, announced
a dramatic shake-up of its
business it plans to cut its
Waldenbooks stores in half, to
about 300 by the end of next
year, and is considering the
possible sale of most of its
international businesses.
It will be developing a con-
solidated Borders.com e-com-
merce website, ending its six-
year-old partnership with
Amazon.com, and plans to
publish exclusive books by
celebrities, first-time authors
and others under the Borders
name.
"We need to reinvent our
business to exploit the rapid
changes taking place in how
consumers access information
and entertainment," Borders
Group Chief Executive George
Jones said in a statement.
NEW CONCEPT
Borders is working on a
new concept store prototype
that will be refined this year
and is expected to be unveiled
in early 2008.
Barnes & Noble, which
eked out a small profit
increase in the fourth quarter,
has focused on further sweet-
ening its deals to its best cus-
tomers. It already operates an
e-commerce site and has
developed a publishing busi-
ness through its acquisition of
Sterling Publishing.


EVAN VUCCI/AP FILE
RESTRUCTURING: Book retailer Borders Group announced a fourth-quarter loss as it
disclosed plans to close nearly half of its Waldenbooks stores and the possible sale
of some international businesses as part of a restructuring plan.


In a conference call with
investors Thursday, Barnes &
Noble's CEO Steve Riggio
emphasized that it needed to
offer customers better deals.-
even if it hurts profits in the
short term saying that
industry growth is slower than
in the past and competition is
fiercer.
"We're just trying to
increase what we have by
making it easier for people to
shop both online and in the
stores. And you know, giving
them a better deal," he said.
Competition from dis-
counters like Wal-Mart Stores,
which can afford to slash
prices on books, has squeezed
profits at Barnes & Noble and
Borders, which have


responded with their own dis-
counts.
BUYOUT RUMORS
There have been rumors
about private equity buyouts
of the nation's top booksellers.
A report from Goldman Sachs
analyst Matthew Fassler
issued Wednesday revealed
that it would make sense for
Barnes & Noble, the larger
operator, to buy Borders.
Barnes & Noble executives
declined to comment during
the conference call on the
issue. Anne Roman, a spokes-
man at Borders, also declined
to comment.
Barnes & Noble reported a
fourth-quarter profit of nearly
$127 million, or $L84 per share,


versus a profit of $123 million,
or $1.76 per share, in the year-
ago period. It also forecast a
loss in the first quarter.
Sales reached $1.88 billion,
up from $1.75 billion in the
year-ago period.
Borders reported a fourth-
quarter loss of $73.6 million, or
$1.25 per basic share, for the
three months ended Feb. 3
compared with a profit of
$119.1 million, or $1.78 per
diluted share, in the previous
year.
Barnes & Noble's shares
slipped $1.10, or 2.82 percent,
to close at $37.90 on the New
York Stock Exchange. Bor-
ders' shares dropped 73 cents,
or 3.41 percent, to $20.70 per
share.


RETAILER


Wal-Mart publicizes employee bonuses


BY MARCUS KABEL
Associated Press
Wal-Mart made its annual
bonus for store employees
public for the first time in two
decades Thursday, saying that
about 80 percent of hourly
workers in its stores would
split more than a half-billion
dollars.
Wal-Mart Stores is the tar-
get of union-backed critics
who decry its pay and benefits.
The Bentonville, Ark.-based
retailer said it was making the
bonuses public as a new way
WE to honor its employees, not in
* response to critics.
28976 Based on the numbers
28814
27970 Wal-Mart released, the mathe-
2519 matical average payment
25110 would be $651 per worker but
24514 Wal-Mart said the individual
2|3 amounts varied. It declined to
2223 provide a range or the specific
- level of payments, citing com-
s petition with other employers.


In the past, the bonus has
been $1,000 for full-time work-
ers and up to $500 for part-
timers, according to former
Wal-Mart managers who
declined to be named because
the information is competitive.
PAYMENTS VARIED
Wal-Mart spokeswoman
Sarah Clark declined to pro-
vide individual figures but said
the payments varied based on
two main benchmarks:
whether an employee's store
met profit and sales targets for
the year and .whether an
employee is full time or part
time.
Adele Phillips, whose con-
tact information was provided
by Wal-Mart, said her bonus
was "substantially over
$1,000" and more than last
year. The full-time administra-
tive assistant at a Wal-Mart
store in Moreno Valley, Calif.,


declined to be more specific.
"Most of the stores are hav-
ing a barbecue or some kind of
special lunch today because
everybody's worked hard for
this," said Phillips, who has
worked for Wal-Mart since
1982.
The company said it
awarded more than $529.8 mil-
lion in bonuses to a total of
813,759 Wal-Mart store and
Sam's Club hourly workers in
the U.S.
The company employs
more than 1.34 million people
in the U.S. Of those, just over
1 million are hourly workers
who would qualify for the
bonus, Clark said.
Clark declined to provide
comparative numbers for the
previous year.
CELEBRATION
Wal-Mart, which refers to
its employees as "associates,"


said in a news release
announcing the bonuses that it
was designating Thursday as
Associate Celebration Day. It
also announced new programs
intended to recognize service
and performance.
The bonus program was
started in 1986 by founder Sam
Walton as a way to give work-
ers a stake in the company's
success, Clark said.
An employee gets a check if
the store where he or she
works meets a benchmark for
sales and profit goals for the
year. Progress toward those
benchmarks is usually charted
on a big poster, typically hung
in each store's break room.
Michael Bergdahl, a former
Wal-Mart human resources
executive who has written
about the firm, said he
believed Wal-Mart released
the figures in an effort to
counter negative publicity.


BOOKSELLERS



Barnes & Noble, Borders report poor sales


For up-to-date stock quotes, go to www.MiamiHerald.com and click on Busines


-

















Monolithic economy causes 'brain drain'


By NEIL HARTNELL
Tribune Business Editor
The lack of diversification
in the Bahamian econo-
my is hurting this nation
by creating a "brain drain", the
Bahamas Employers Confedera-
tion's (BECon) president told
The Tribune, as many college and
university-qualified Bahamians
remained abroad because the jobs
and career paths their skills qual-
ified them for did not exist at
home.
Brian Nutt said that apart from
reforming and fixing the Bahami-
an education system, this nation
also needed to concentrate on
,, diversifying its economy away
from the traditional reliance on
tourism and financial services,
adding industries and jobs attrac-
tive to graduates with qualifica-
tions such as science-based
degrees.
"The focus needs to go not
only on the education of Bahami-
ans, but the diversification of the
economy," Mr Nutt said.
He pointed out that Bahami-
ans who studied at tertiary insti-
tutions abroad "take certain sub-
jects for which there is no job that
will utilise their skills in the
Bahamas, so they have to seek
employment outside the
Bahamas.
"Our lack of diversification is
hurting the Bahamas, because
there are so many career paths
they could take, but that career
>, does not exist in the Bahamas."
The latest update to the
Bahamian Youth: The Untapped
Resource report by the Coalition
for Education Reform, a group
of private sector and trade union
organizations, warned that poor
Mathematics and bookkeeping
BCSE grades are leaving Bahami-
an companies with a "short sup-
ply" of workers with technology-
related skills.
The average mean grade for
the 2005 BGCSE maths exams
was 'E', a result unchanged from
2004, and which the Coalition said
indicated that "no subject
describes the crisis in education
more graphically than the test
results in mathematics".
In 2005, only 5 per cent of can-
didates achieved grades of 'A'
and 'B', with 59 per cent of can-
didates achieving a grade between
'E' and 'U', the latter standing
for ungraded. The 13 per cent
who achieved 'U' scores, accorid-
ng to the 2006 maths syllabus,


show a lack of "substantive
knowledge" that includes "not
knowing the difference between
addition and multiplication".
The Coalitioil report said: "Ths
is particularly troublesome,
because mathematics is so impor-
tant for the technologies that are
likely to dominate this century.
Bill Gates, of Microsoft, when
addressing the importance of
basic math, said: 'I have never
met a guy who has created soft-
ware and who doesn't know how
to multiply.'
Poor
"One cannot take the poor
math scores lightly, especially
when one knows that:
The average grade on the
bookkeeping exam was also an
'E'
Some level of math profi-
ciency is essential to mastering a
wide range of lower tech skills
that are in short supply in the
Bahamas."
The Coalition report referred
to instances where one Bahamian
business executive found job can-
didates "cannot write a simple
paragraph with clear sentences",
while another discovered appli-
cants "cannot solve the mark-up
and discount problems contained


in their company's aptitude test".
Mr Nutt told The Tribune that
the Bahamas, with its tax struc-
ture, proximity to the US and
benign climate, "should be a
leader in the e-commerce, Inter-
net and web design" industries,
sectors staffed by highly-qualified
Bahamians and international
experts, but this had not hap-
pened and one factor holding this
back was the education system.
Mr Nutt said: "We're living in a
situation where many Bahami-
ans are working in jobs they are
not fully-qualified to fill, and have
extra management over them -
many of those managers are expa-
triate because they're skill levels
are not sufficient for them to do
the job completely unsuper-
vised......
"Bahamians are generally very
weak in sciences to begin with,
and the three 'Rs', the basics, are
not to the level it should be. It's
even worse when you come to
biology, physics and chemistry.
These are the areas where the
technical edge is these days.
"New things are coming on to
the market, being invented and
utilised, and we're not in any posi-
tion to put ourselves in a situa-
tion where we could reap the
rewards from this type of endeav-
our."


Conservation Administrator

Exuma Cays Land and Sea Park


Conservation Administrator

The Bahamas National Trust is seeking a qualified conservation
administrator for posting at the Exuma Cays Land and Sea
Park. Will be required to live full time at park headquarters on
Warderick Wells. Position requires own transportation to travel
to and from the Exuma Cays Land and Sea Park. Position
requires long periods at the park headquarters, at a remote
location in the Exuma Cays chain of islands.

Requirements/Skills:

The Conservation Administrator (CA) must be an experienced
yachtsperson, able to identify with and help meet the needs of
the yachting community which heavily use the Exuma Park.
The CA must also possess general office management skills,
including bookkeeping and inventory management. The CA
must be prepared to live in the park in isolated conditions for
long periods of time. This posting requires a devotion to nature
and an appreciation for living secluded existences for extended
periods of time.

* Computer literate (Word Processing, Quick Books,
Internet technology and communications)
* Familiarity with yachting/boating operations
* Familiarity with scheduling and monitoring visitor
bookings
* Familiarity with VHF radio operation and protocols
* Familiarity with conservation issues in general
* Pleasant personality
* Willing to work under demanding conditions.

Position offers vacation time, medical insurance and an
opportunity to meet and work with interesting volunteers and
cruisers. Housing is provided for the successful applicant only
- no accommodations are available for family members.

Applications must include cover letter, resume and three
references. Applications should be mailed to: Human Resource
Manager, The Bahamas National Trust, P.O. Box N-4105,
Nassau, Bahamas or bnt@bahamasnationaltrust.org by April
10, 2007.


Come to the
Bahamas National Trust's


Da of tim. creative leamnin

actli cities and entertainment

for the whole family!


Saturday, March 31, 2007
11 am to 5pm at the Retreat Gardens O
National Park, Village Road ,
Admission: Children $2 Adults $5

Activities and exhibitors include: ,
EI: l l in l .i. w .I ill vij.i. jl,. ull T I.M [ nhi j lfir. P:.'

Ii i. I i n .1 "i,1iijl: 'i -piininij h) H oili HhopH :. i.u lT


1 1 lVI ', lll)J.Un I illlrl:. i~ijl. J1ll-i1 jflll I4 i h1 l fl[iv A lAn Ji:l[j L-J3 rljp T. j l ,Zoo

] r l ir i 'i I I i l-l '1 1 t ji I .. 1.1i le /.i lliin )

" Educlitiiial Talks and Adull Grahs and Gardening Workshops under the Godfrey Higgs Pavillion
1 1 I l [jjll t l- I n ll-'l l'. iJll. 'Z II: I ':,ll-Zillh i lj-' A lb Ju rv
1 I .l.il ll' I.i Irll.l, l Ii in f Ti B1 'hell ilI T. 'rr jnl I[ .l n
I 1 i i I. I i i. Hiill lI jjllj. 11 ill 'il.[.u .i Prv '1 1 by I [ !! l j I jij i li luhib
'l II I ill"- A il l 11. 1 I li l j ] p II' I r l lu l t I il [1 :I ) 11 .I j 4 l, :.
I, 'i i :' i-' 'i.liJ[ i n .1 .11 'i1l i iii ) i :' i .3 ii jipij by I' .j tili jn H ji F'i'lel r ',:i Li erer
1i ,11p l liiiiii: AQillil, lii. iiiiiii i jlriifi lijni.nriiiuq i e H .i h jiTli.': [Ih AqilIryv & litR edleri:e


Q
QuIznos


Sponsored by: Kentucky Fried Chicken, Burger King and Quiznos.


DELTEC BANK & TRUST LIMITED


In vites applications for the position of

TRUST MANAGER


Responsibilities will include (but are not limited to):

*: Creating fiduciary structures that will service the needs of
clients
*:* Marketing trust products
Ensuring that all fiduciary structures are administered at a
high professional standard and in accordance with Policies
& Procedures of Deltec and the laws of The Bahamas
* Maintaining current knowledge of all issues (law afid tax)
affecting fiduciary structures.
* Supervising the Company Department

The successful candidate should have the following: "

> STEP Diploma
> 10 years trust experience
(minimum 5 years in a supervisory capacity)
> Excellent written, oral and presentation skills

Salary will be commensurate with experience.

Interested persons may submit resumes as follows:

Human Resources Manager
Deltec Bank & Trust Limited
P. 0. Box N.3229
Nassau, Bahamas

Resumes may also be faxed c/o 362-4623 or emailed to
anh(t deltecbank.com


ABSOLUTELY NO TELEPHONE
CALLS WILL BE ACCEPTED


LEGAL NOTICE


NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No. 45 of 2000)

CHIAN CHU INDUSTRIAL CO., LTD.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section 137(4) of the
International Business Companies Act (No. 45 of 2000), CHAIN CHU
INDUSTRIAL CO., LTD. is in Dissolution.
The date of commencement of dissolution is 11th day of December,
2006.
WANG, TING-MING
No. 20, Ling 19, Hou Cou Village
San Chih Hsiang
Taipei, Taiwan, R.O.C.
S, Liquidator


- -~` -


FRIDAY, MARCH 23, 2007, PAGE 5B


THE TRIBUNE


I














PAG 6, RIABUMRCS2,N00ETESRIUN


Bahamas urged to explore medical tourism potential


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

IF the Bahamas can establish
itself as a medical tourism cen-
tre, offering quality healthcare
at lower prices than other coun-
tries, the revenue generated
would help to finance health-
care for Bahamians, a Canadian
healthcare expert said.
Speaking at a Chamber of
Commerce forum on the Gov-
ernment's proposed National


Health Insurance (NHI) plan,
Nadeem Esmail, director of
health system performance
studies at the Fraser Institute,
pointed out that increasingly
countries such as the US, Cana-
da and Europe were sending
patients to countries like India
and China for treatment
because they can receive care
at much lower prices.
If the Bahamas can convince
these countries that coming
here would be a better alterna-
tive, as a closer destination to
North America without a lan-


S UBS

UBS (Bahamas) Ltd. is one of the world's leading
financial institutions in the Caribbean. Our Business
Area Wealth Management International looks after
wealthy private clients by providing them with
comprehensive, value enhancing services. Our client
advisors combine strong personal relationships with
the resources that are available from across UBS,
helping them provide a full range of wealth
management services.

For our team in Nassau we are looking to fill the
following positions:


Client Advisor Assistant-Brazil desk

In this challenging position you will be responsible for:

Supporting the client advisors team in
administrative and organizational arrangements
as well as client related processes for optimal
service delivery support

Your tasks will include processing client orders,
dealing with client queries and requests,
preparing contact schedules and client files
before each visit.

With your specialized transactional process
knowledge you act as a troubleshooter

We are searching for an individual with;

Banking & Commerce experience and
qualification
At least 2 years experience in same or similar
function
Proficient knowledge of Office Program
(Windows, Excel, PowerPoint)
Portuguese and Spanish are essential

Written applications by Bahamian nationals only should
be addressed to:

hrbahamas@ubs.com or UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas


To meet the challenge of operating our growing business, we wish to recruit a:


Client Relationship Manager


Main responsibilities Develop his existing client base
Assist with the administration and operations of the Bank
Ideal profile Proven track record in selling financial services, confirmed by the existence of a portfolio of clients
Strong marketing, communication and sales skills
Ability to generate high levels of income
University degree
Dynamic and proactive personality
What we offer The opportunity to play an active role in the success of an innovative bank
The chance to work within a dynamic and motivated team
An attractive remuneration package which provides incentives based on results
Competitive welfare benefits

Please send your resume and reference to: betsy.morris@syzbank.com
SYZ & CO Bank &Trust LTD. I Tel: (+1 242) 327 66 33
Bayside Executive Park I P.O. Box N -1089 | Nassau, Bahamas www.syzbank.com














C IF A L"
Pricing Information As Of:
Thursday, 22. March 2007
BISX LISTED & TRADED SECURITIES VISIT WWW BISXBAHAMAS COM FOR MORE DATA & INFORMATION
BISX ALL SHARE INDEX: CLOSE 1.778.35 / CHG -00 21 / %-CHG -00 01 / YTD 102.16 / YTD % 06.09
-,"...I .F. 2.:.'. "*L,,:,'..'. Sp.Curi ,t_ Pr.. 'C~U3J, Ci.j.., T,:..r F :. ':Thr.r-. 0"-l ., *. I.. F E Yc...IFE
1 rt u -_ -J tD,.:.:., r.1arve i, i:, ,9.L *-* .- '-" i~. iU .*J .rj uti 0 ji'. trl r.' ,.,:, :
12.05 10.60 Bahamas Property Fund 11.25 11.25 0.00 1,320 1.689 0.400 6.7 3.56%
8.60 6.90 Bank of Bahamas 8.60 8.60 0.00 700 0.737 0.260 11.7 3.02%
0.85 0.70 Benchmark 0.85 0.85 0.00 0.265 0.020 3.2 2.35%
2.19 1.26 Bahamas Waste 2.19 2.19 0.00 0.199 0.060 10.6 2.86%
1.49 1.12 Fidelity Bank 1.30 1.30 0.00 0.170 0.050 7.6 3.85%
10.33 9.00 Cable Bahamas 10.35 10.33 -0.02 8,200 0.915 0.240 11.3 2.32%
2.20 1.67 Colina Holdings 2.10 2.10 0.00 996 0.078 0.040 26.9 1.90%
14.15 9.38 Commonwealth Bank 14.15 14.15 0.00 0.998 0.680 14.0 4.86%
6.26 4.22 Consolidated Water BDRs 4.77 4.80 0.03 0.118 0.045 40.3 0.95%
2.88 2.40 Doctor's Hospital 2.46 2.46 0.00 0.295 0.000 8.3 0.00%
6.21 5.54 Famguard 5.94 5.94 0.00 1,600 0.552 0.240 10.8 4.04%
12.45 10.70 Finco 12.45 12.45 0.00 0.779 0.570 15.7 4.58%
14.70 10.90 FirstCaribbean 14.61 14.61 0.00 400 0.921 0.500 16.0 3.40%
17.06 10.40 Focol 17.06 17.06 0.00 1.644 0.510 10.4 2.99%
1.15 0.50 Freeport Concrete 0.50 0.50 0.00 -0.434 0.000 N/M 0.00%
10.20 7.10 ICD Utilities 7.25 7.25 0.00 0.532 0.100 13.6 1.38%
9.10 8.52 J. S. Johnson 9.05 9.05 0.00 0.588 0.560 15.4 6.19%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.269 0.795 7.9 7.95%
Fidelity Over-The-Counler Securities
"-.*..r H. -... -L:.*. Symbol Bids $Asks $ Last Price '... i F.- :, EF: i -E.. i P E -,13
14.30 12.25 Bahamas Supermarkets 14.60 15.60 14.00 1.766 1.125 8.8 7.71%
10.14 10.00 Caribbean Crossings (Pref) 8.00 8.25 10.00 0.000 0.640 NM 7.85%
0.54 0.20 RND Holdings 0.45 0.55 0.20 0.021 0.000 26.2 0.00%
Collna Over-The-Counrler Securities
43.00 l i:.: ,6DB 1 I 43.00 41.00 2.220 0.000 19.4 0.00%
14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.770 1.320 8.3 9.04%
0.60 0.35 RND Holdings 0.45 0.55 0.45 -0.070 0.000 N/M 0.00%
BISX Usted MuluIl Funds
52wk-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3312 1.1273 Colina Money Market Fund 1.331194*
3.0988 2.6662 Fidelity Bahamas G & I Fund 3.0988"**
2 6254 2.3312 Colina MSI Preferred Fund 2.625419"*
1 .2338 1.1592 Colina Bond Fund 1.233813****
11.3945 10.0000 Fidelity Prime Income Fund 11.3945*****
FINDEX- CLOSE 789 28 / YTD 06 36% / 2006 34.47%
BISX ALL i- I -- .r.:. C.- : .- = r ,.:, L......,, -7 I mlar,. o .tL I .. .. ". I I, i price NAV KEY
5'2wk-Hi Highest closing price in last 52 weeks Bld 5 Buying price of Collna and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask $ Soling price of Colna and fidelity 9 March 2007
Previous Close Previous day's weighted price for dally volume Last Price L.st traded over-the-cI unltr price
Today's Close Current day's weighted price for daily volume Weekly Vol radinci vol-ume of the prior wock 8 February 2007
Ch, jO Change in closing price from day to day EPS $ A company's reported e ar,rins per hare for the last 12 rnths
D;ily Vol Number of total shares traded today NAV Net Ash.e Value 31 January 2007
DIV S Dividends per share paid In the last 12 months N/M Not Meaningful
P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index January 1. 1994 = 100 28 February 2007
2.... 8 February 2007
TO TRADE CALL COLINA 242-502-7010 / FIDELITY 242-356-7764 / FOR MORE DATA & INFORMATION CALL (242) 394-2503


guage barrier, it would be a way
to help finance the Bahamas'
health care costs.

Afforded

Mr Esmail said the Bahamas
will only be afforded the quali-
ty of health care that the aver-
age Bahamian can afford, so
there 'is going to be some drop
in the level of quality of care
for patients if they solely use
NHI.
However, he pointed out that
it makes no sense to have the
Government duplicate the
health services private insurers
provide or have insurance com-
panies downsize because of
NHI.
Mr Esmail said private insur-
anrce companies are very good
at managing health care, health


care providers are good at the
delivery of services, and the
Government is good at ensuring
that persons not able to afford
the services can get what they
need. He said that if each area
focuses on what they are good
at, then the system will be better
because it will not have a blunt
tool of the Government trying
to manage everything.
Mr Esmail, along with Dr
Conville Brown, another pre-
senter at the forum, also point-
ed out that another way to raise
funding was to partner with the
private sector. If the private sec-
tor creates the resources and
provides the facilities, there is
less financial burden on the
Government to provide these
services, and the money saved
can be reinvested into health
care provision.


NOTICE

IN THE ESTATE OF NAVONNE N. ANDRE (a.k.a)
NAVONNEADAIR ANDRE late of Ramsey, North
Oaks in the State of Mimlnnesota one of the United
States of America, deceased

NOTICE is hereby given that all persons having
any claims or demand against or interest in the
above Estate should send same duly certified in-
writing to the undersigned on or before 27th April,
2007 after which date the Executor will proceed to
distribute the assets of the Estate having regard only
to the claims, demands or interests of which he shall
then have had notice AND all persons indebted to
the above Estate are asked to settle such debts on or
before 27th April, 2007.

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executor
P.O. Box AB-20405
Bay Street, Marsh Harbour
Abaco, The Bahamas








FOR SALE
_. "- jr -


..


:, "..... .






Do you want to learn the art of Kendo
6 Fencing in the Bahamas?


flges 8-12 preliminaries are FREE,
School enrollment is FREE
()a s for those schools that are interested,
need to be reserved)


Kendo and Fencing is for everybody!!!
Ages 8-80!!
Beginners, Intermediate and
Expert Classes fluailable!!
Train, Practice, and Prepare for Competions.


For more information please contact us at:
INFO@KENDO-SPIRIT.NET

(MAXIMUM APPI.' VI ION WILl, DETERMINED THE OPENING)


Luxurious harbour front Penthouse
Residence with spectacular views of
Nassau and its Harbour:

* 5,000+ sq ft. total area
* 4 Bedrooms with 4.5 baths
* Master bedroom with dressing area, Jacuzzi
and large walk-in closet
* Large balconies
* Elegantly furnished throughout with a
separate study
* Formal dining room
* Private elevator
* Heated pool and spa overlooking the harbor
* Private dock for a yacht up to 75 feet
* Dedicated storage and crew areas
* Exercise room
* Indoor Garage
* Private gated entry
* Lush tropical landscaping

Rent: $18,500.00 per month net
NO PETS

For further information and viewing call:
363-2730


$18,000.00
14,000 miles, 1 1/2 cabs
AC, CD player, excellent condition.

Tel: 327-8026 Cell: 359-3160


PAGE 6B, FRIDAY, MARCH 23, 2007


THE TRIBUNE













THE TIBUN FRIDY, MRCH 3, 207,IPGESS


Implementation team behind

proposed NHI scheme asks

Government for more time


FROM page 1B
claims that the Government
had not been forthcoming in
providing requested data to the
Coalition for Health Care
Reform.
He said that the Govern-
ment had tried to be open, and
indicated that if information
had not been provided, it was
due to two scenarios either
the work was incomplete or the
data was still in raw form.
Mr Lalta said some data had
already been provided, includ-
ing information gathered by
the Blue Ribbon Commission,
and data from the Internation-
al Labour Organisation (ILO)
consultation on the proposed
scheme.
Team
What his team was now
working on, he said, was the
creation of a detailed payments
system, and much of that infor-
mation is still in its raw form.
"There is no reluctance on
our part. We have a process in
place, and when we have the
information we will give it, but
we also have an obligation to
engage other stakeholders and
groups in the community to get
their feedback," said Mr Lalta.
He also pointed out that
some of the information the


Government had obtained,
particularly regarding private
insurers and health care
providers, may not be released
to the public due to its sensi-
tivity.
Regulations
Dr Lalta said the NHI regu-
lations are still being worked
on, and this is why seminars
and meetings still needed to be
held, so that when the final reg-
ulations are made, they take
into account what people have
requested.
He said initiatives such as
partnered care will be serious-
ly considered, adding that as
they work to create the final
regulations to accompany the
NHI Act, "there will be an
intensification of effort on the
part of NHI".
Also in attendance was Dr
Perry Gomez, who headed the
Blue Ribbon Commission on
NHI.
Dr Gomez pointed out that
the Commission was comprised
of a cross-section of the com-
munity, including health pro-
fessionals, trade unionists and
businesspersons, so he did not
understand why people would
say there had not been any
consultation on the Commis-
sion's report.


Insurance chief queries NHI sums


FROM page 1B
insurance.
Mr Braithwaite, predicted,
though, that when NHI came in,
and given the projected $235 mil-
lion Budget, Bahamians who
were currently covered by private
health insurance would have to
accept some drop in the quality of
medical services they enjoyed.
He questioned why it was nec-
essary to bring the service quality
they enjoyed down, as opposed
to lifting up the quality of ser-
vices enjoyed by all other
Bahamians.
Mr Braithwaite said Bahami-
ans and private insurance com-
panies needed to understand "the
extent" of the change in the
nature of insurance coverage that
NHI would introduce, because it
might alter "so dramatically with
the new ssytem that we're not
going to recognize it".
With NHI's introduction, and
the Government apparently plan-
ning that private insurers should
offer supplementary packages to
finance services not covered by
NHI, Mr Braithwaite warned that
the "same medical premium dol-
lar" would have to pay for the
administrative costs of both,
meaning that an increasing per-
centage could be spent on admin-
istrative costs.
He also questioned how the
transition from the current health-
care insurance system to NHI
would work, fearing that the gov-
ernment-run scheme would not
take on the 3,000-,4,500 sick peo-
ple likely to be on Colinalmperi-
al's books at any one time.
The transfer of all Colinalm-
perial's healthy clients would
leave the company with no rev-
enues from those people to defray


0South Ocean to1 create oveI ~UL~~r 1,000pill-~timet jobs


FROM page 1B


and second home residences Greg
Norman-designed golf course and
health and fitness centre.
Currently, the new South
Ocean is being planned as a resort
complex that will feature two dif-
ferent hotels, a larger four-star
resort and a smaller five-star
property.
A partner in the Trump Fort
Lauderdale resort with an exten-
sive background in real estate
development, Mr Stein has part-


nered with South Ocean's current
owner, the Canadian Commer-
cial Workers Industry Pension
Plan (CCWIPP) to revitalise the
resort and transform it into the
third entertainment centre and
major tourist destination in New
Providence, alongside Cable
Beach and Paradise Island.
Mr Stein will hold the majority
in the New South Ocean Devel-
opment Company, with CCWIPP
likely to retain a minority stake as
it has done in its deal with Adu-
rion, the UK/Swiss investment
house, for the British Colonial
Hilton.


South Ocean is being designed
to complement the $1.3 billion
Albany project next door, a
development that has already
been approved and numbers
world-famous golfers, Ernie Els
and Tiger Woods, and the Tavis-
tock Group, the holding company
for Lyford Cay-based billionaire
Joe Lewis's investments, among
its investors.
Albany will be designed as an
upscale, high-end residential com-
munity along the lines of the
Tavistock Group's Florida-based
residential developments, Lake
Nona and Isleworth.


I q-~-- -~-- - a r~- x rp


A prestigious hospitality company is

currently recruiting for an experienced:









for a world class resort in the Bahamas!






If you take pride in your work;

want to shine among the best in the

hospitality business; and desire a

reer with incomparable advantages,

please fax your resume to:






1-954-206-6236


the costs of financing healthcare
for sick clients, creating an unsus-
tainable burden on the company.
"We need to think through
how we tackle these things," Mr
Braithwaite said. "We've raised it
once, twice, three times with the
Ministry of Health, and are still
waiting for the dialogue to come
back. We need the dialogue and
to get these kind of things on the
table to really help us understand
how we are going to make this
transition."
Mr Braithwaite also questioned
which government authority
would decide, and how, under
NHI who received healthcare
abroad, when, why, where and
how.


OFFICE SPACE FOR LEASE





4,68ofofice space


downtown for lea<<..<<.~mm~~m..s e.mmmms.....


CAREER OPPORTUNITY


A leading jewelry company is expanding its Nassau Operations
and has openings, at various levels, in the following areas:



Marketing Inventory Control



BASIC REQUIREMENTS

1. Persons of integrity
2. Sdf-starters with drive and determination
3. Previous experience an asset

If you meet the above requirements and have skills in the above disciplines, we
will be pleased to welcome you to our winning team. The positions offer career
opportunities with excellent salary and benefits package.

Please sibmit jouw resm in afidme to:

CAREER OPPORTUNITY
P. 0. BOX N-623
NASSAU, BAHAMAS.
OR
Fax: 328-4211

Email: humanresourcesnassau@dutyfree.com


FINANCIAL INTELLIGENCE

UNIT (THE "FIU")



PUBLIC NOTICE


Pursuant to
Act, 2000,
Suspicious


Section 15(2) of The Financial Intelligence Unit
the public is hereby notified that, the revised
Transactions Guidelines Relating to the


Prevention of Money Laundering and the Financing of
Terrorism (The "2007 Guidelines") for financial institutions
within The Commonwealth of the Bahamas have been issued
and are effective as of 19th March 2007.


The 2007 Guidelines replace those Guidelines issued in
December 2001.


Copies of the 2007 Guidelines can be obtained between the
hours of 9a.m. to 5p.m. Monday through Friday, from the
Administrative Offices, The Financial Intelligence Unit, 3rd
Floor, Norfolk House, Frederick Street, Nassau, The Bahamas.



Anthony M. Johnson
Director
Financial Intelligence Unit
P.O. Box SB 50086
Nassau, The Bahamas


I. I


I


FRIDAY, MARCH 23, 2007, PAGE 7B


THE TRIBUNE













THE TRIBUNE BUSINESS

PAGE 8B, FRIDAY, MARCH 23, 2007


TEL: (242) 325-4942 ST,. "' P.O. Box N-8860
FAX: (242) 322-4649 NASSAU, BAHAMAS

INCORPORATED UNDER THE REAL ESTATE BROKERS AND SALESMAN ACT 1995

PUBLIC NOTICE
REAL ESTATE BOARD
LICENSED BROKERS
The Public is notified for general information that in accordance with the
requirements of the Real Estate (Brokers & Salesmen) Act 1995, and as June
30 2007 the persons listed hereunder are licensed to practice until 31"
December, 2007.

LNAME FNAME Box NO. LIC. ISLAND

BROKER

Albury Geraldine K EL-27045 0067 Governors Harbour, Eleu.
Albury James N CB-13516 0150 Nassau, Bahamas
Albury Ruth Anne AB-22183 0068 Treasure Cay, Abaco
Alexander Patricia AB-20179 0057 Marsh Harbour, Abaco
Andrews Silvina N-1132 0202 Nassau, Bahamas
Armbrister Anthony General Delivery 0298 Fernandez Bay, Cat Is.
Armbrister Francis N-7684 0064 Nassau, Bahamas
Armstrong Gumey SS-5230 0018 Nassau. Bahamas
Auberg Paula N-8877 0069 Nassau, Bahamas
Bamett-Chea Crystal M. F-40684 0263 Freeport, Grand Bahama
Barone Tracey N-3371 0629 Nassau, Bahamas
Basalyga Lana N-8245 0480 Nassau, Bahamas
Bazard Lucito Guy N-555 0070 Nassau, Bahamas
Bedee Charles DC-30687 0374 Deadman's Cay, Long Is
Bethel John F N-3006 0020 Nassau, Bahamas
Bethell Kathleen General Delivery 0148 Green Turtle Cay, AB
Black Suzanne J N-82 0488 Nassau, Bahamas
Bridges Elizabeth V F-42482 0237 Freeport, Grand Bahama
Bishop Wendie SS-6533 0323 Nassau, Bahamas
Bonzcek Zachary SS-6894 0516 Nassau, Bahamas
Bradshaw Bursell N-1347 0072 Nassau, Bahamas
Brooks Barbara J. N-4646 0003 Nassau, Bahamas
Brown Barbara N-1110 0073 Nassau, Bahamas
Brown, Sr. Geoffrey N-1110 0010 Nassau, Bahamas
Brownrigg Andrea SS-6299 0075 Nassau, Bahamas
Brownrigg Robin N-1132 0021 Nassau, Bahamas
Buckner Garth H CB-13500 0125 Nassau, Bahamas
Buckner Hugh CB-13500 0012 Nassau, Bahamas
Buckner Jolickh CB-13500 0492 Nassau, Bahamas
Callender Sara N-4820 0550 Nassau, Bahamas
Carey Frank C N-4764 0008 Nassau, Bahamas
Cargill, Sr. Arnold SS-5569 0075 Nassau, Bahamas
Cargill Trevor CB-13484 0023 Nassau. Bahamas
Cash John I AB-22212 0538 Marsh Harbour, Abaco
Cartwright Brent C. AB-20900 0379 Marsh Harbour, Abaco
Cartwright Patricia SS-55205 0289 Nassau, Bahamas
Cartwright Steven SS-55205 0295 Nassau, Bahamas
Chipman Sonia GT-2078 0065 Nassau, Bahamas
Christie Cara Diane N-8164 0335 Nassau, Bahamas
Christie John W C N-8164 0114 Nassau, Bahamas
Coakley A. Bismark N-3180 0078 Nassau. Bahamas
Cole Paul N-7776 0079 Nassau, Bahamas
Cooper, Graham M N-8160 0024 Nassau, Bahamas
Curry Pauline M SS-5123 0026 Nassau, Bahamas
Damianos George N-732 0027 Nassau, Bahamas
Damianos Virginia N-732 0028 Nassau, Bahamas
Darling Dennis N-1335 0777 Nassau, Bahamas
Darville Christopher E. CB-11932 0127 Nassau, Bahamas
Dean Jonathan N-8189 0029 Nassau, Bahamas
Disston Jacob S. N-7776 0484 Nassau, Bahamas
Duckworth Kathleen EL-88 0128 Governors Harbour, Eleu
Durrant-Harding Jennie SS-5277 0081 Nassau, Bahamas
Edgecombe Kingsley N-10414 0082 Nassau, Bahamas
Evans Sandra L.N. AB-20955 0368 Nassau. Bahamas
Farrington Christopher N-4949 0424 Nassau, Bahamas
Ferguson Perry T SS-19282 0303 Nassau, Bahamas
Ferguson Rudolph N-10892 0083 Nassau, Bahamas
Fox Percy EX-29190 0085 Georgetown, EX
Fraser Astrid CB-13250 0084 Nassau, Bahamas
Frith Charles D F-44704 0308 Freeport, Grand Bahama
Gibson James M. F-43401 0216 Freeport, Grand Bahama
Glasgow Steve H N-1055 0810 Nassau, Bahamas
Grant W. Carver F-41703 0228 Fleeport, Grand Bahama
Gray Erskine SS-19246 0290 Nassau, Bahamas
Halbert Stuart N-1132 0405 Nassau, Bahamas
Hall Anne Made N-7776 0300 Nassau, Bahamas
Hanna Aubrey P. N-3162 0087 Nassau, Bahamas
Harding Godfrey SS-5277 0171 Nassau, Bahamas
Hepburn Albert N-10067 0486 Nassau, Bahamas
Hepbumrn Roberta E N-7776 0089 Nassau, Bahamas
Herrod Christopher CB-13647 0803 Nassau, Bahamas
Hudson-Carey Priscilla B N-4949 0360 Nassau, Bahamas
Hudock Judy EX-29008 0483 Georgetown, EX
Isaacs Jack N-1458 0034 Nassau, Bahamas
Johnson Josefina N-8164 0239 Nassau, Bahamas
Iohnson Wendy A SS-19270 0176 Nassau, Bahamas
Jones Donna Lee F-42790 0602 Freeport, Grand Bahama
Jones Hillary V.E. F-42480 0091 Freeport, Grand Bahama
Mayhew David F-42021 0134 Freeport, Grand Bahama
Kanitsch Fred 0. CB-12103 0004 Nassau, Bahamas
Knowtes Brenda P.D. N-3709 0356 Nassau, Bahamas
Knowles Christopher General Delivery 0393 Hopetown, Abaco
Knowles Erskine CB-11894 0036 Nassau, Bahamas
Knowles Danielle R CB-12396 0474 Nassau, Bahamas
Knowles Geoffrey N-1818 0140 Nassau, Bahamas
Knowles Reginald SS-6272 0092 Nassau, Bahamas
Knowles-Andrews Vicky N-8164 0438 Nassau, Bahamas
Knowles Judith P. LI-30646 0390 Nassau, Bahamas
Knowles Warren SS-6219 0037 Nassau, Bahamas
Lee Andre W. CB-11196 03P7 Nassau, Bahamas
Lee Derek AB-20777 0245 Marsh Harbour, Abaco
.ightboum Colin SS-6481 0279 Nassau, Bahamas
.Lorey Jillian R. EL-27153 0331 Harbour Island, Eleuthera
L.owes Daisy V. N-3371 0440 Nassau, Bahamas
Maillis Alexander P N-4014 0247 Nassau, Bahamas
Mallory Spencer F-41991 0222 Freeport, Grand Bahama '
Martlrinbof h Donald N-1132 0044 Nassau, Bahamas
Mayhew. William David F-43393 0134 Freeport, Grand Bahama
McKay Malcolm R. N-442 0136 Nassau, Bahamas
McKinney Tamina CB-13443 0523 Nassau, Bahamas
McTaggart, Jr Neil A. SS-19223 0093 Nassau, Bahamas
issick Oliver F-42827 0269 Freeport, Grand Bahama
lillerr. Bernard L. CB-11404 0299 Nassau, Bahamas
Miller. *.' Bernadette N-8245 0077 Nassau, Bahamas
Miller Bradley CB-11605 0802 Nassau, Bahamas
Moir James CB-13836 0177 Nassau, Bahamas
Morley David F. SS-19085 0006 Nassau, Bahamas
Mosko Michael N F-40368 0409 Freeport, Grand Bahama
Moss Charles J F-41247 0302 Freeport, Grand Bahama
Moss Clifford P. N-10027 0246 Nassau, Bahamas
Murray Allan J AP-59223.Slot281 0826 Nassau, Bahamas
eelym Joan C F-42480 0167 Freeport. Grand Bahama
Neynour Cedric B N--4164 0043 Nassau, Bahamas
Parker Sara SS-6015 0543 Nassau, Bahamas
Pierce Michael S. N-1458 0267 Nassau, Bahamas
Pinder Craig B SS-6894 0286 Nassau, Bahamas
Plummer Christopher AB-22705 0325 Nassau, Bahamas


Powell Edith R N-4225 0096 Nassau, Bahamas
Pyfrom Elisa Mary N-8164 0277 Nassau, Bahamas
Ritchie Paul G EE-16336 0046 Nassau, Bahamas
Robertr Christopher AB-20856 0618 Marsh Harbour, Abaco
Roberts Daisy N-7872 0045 Nassau, Bahamas
Roberts Garth TA F-41671 0157 Nassau, Bahamas
Roberts Leslie W SS-5959 0047 Nassau, Bahamas
Roberts Marcellus AB-22183 0097 Treasure Cay, Abaco
Roberts Tyrone SS-6070 0116 Nassau, Bahamas
Roberts W. Larry N-1132 0007 Nassau, Bahamas
Rutherford Patrick B N-4182 0181 Nassau, Bahamas
Sands, Jr. Thomas A. EL-26030 0253 Nassau, Bahamas
Sargent Esther M N-10133 0839 Nassau, Bahamas
Sawyer Chad AB-20404 0178 Marsh Harbour, Abaco
Scriven Sylvia LI-30825 0005 Simms, Long Island
Shepherd Carron SS-5640 0502 Nassau, Bahamas
Smith Anne I. N-7776 0100 Nassau, Bahamas


__


Horton Michael N-3822 0825 Nassau, Banamas
Higgs Lauren N-4949 0656 Nassau, Bahamas
Higgs Vincent M AB-20285 0082 Marsh Harbour, AB
Hull Kristi General Delivery 0638 Marsh Harbour, AB
Husby Virginia F-2527 0371 Freeport, Grand Bahama
Hussey Mark N-7776 0139 Nassau, Bahamas
Hussey Maxine N-7776 0992 Nassau, Bahamas
Hutcheson Templeton CB-11556 0821 Nassau, Bahamas
Ingraham Deana N-3180 0848 Nassau, Bahamas
Johnson Wellington SS-5638 0421 Nassau, Bahamas
Johnston William AB-20413 0436 Marsh Harbour, AB
Jones Lise M SS-19019 0295 Nassau, Bahamas
Kelly Ardeina CR-54906 0819 Nassau, Bahamas
Kelly George N-3006 0840 Nassau, Bahamas
Kemp Candace SS-6650 0718 Nassau, Bahamas
Kemp Dale N-4949 0904 Nassau, Bahamas
Kemp Jacquelyn L EL26106 0165 Rock Sound, Eleu.
Kettel Jennifer Anne N-3709 0426 Nassau, Bahamas
Kikivarakis Kim N-1132 0997 Nassau, Bahamas
Klonaris James N-4048 0936 Nassau, Bahamas
Knowles Christopher F-43221 0542 Freeport, Grand Bahama
Knowles Frank General Delivery 0633 Marsh Harbour, Abaco
Knowles Gavin CB-11894 0437 Nassau, Bahamas
Knowles0 M mm


NAME FNAME Box NO. LIC. ISLAND

BROKER
Smith George Hon N-1868 0120 Nassau, Bahamas
Smith Neville S EE16224 0062 Nassau, Bahamas
Stuart Osboume N-10119 0195 Nassau, Bahamas
Stewart Linda AB-20856 0365 Marsh Harbour, Abaco
Sweating Carla SS-6550 0507 Nassau, Bahamas
Symonette Brent T. N-3709 0053 Nassau, Bahamas
Sylven-Ferrier Leona N-3822 0172 Nassau, Bahamas
Thomas Shawn B N-4188 0455 Nassau, Bahamas
Thompson Christopher General Delivery 0393 Hopetown, Abaco
Thompson Elaine AB-20404 0108 Marsh Harbour, Abaco
Thompson Elbert N-1907 0477 Nassau, Bahamas
Thompson Frankie Mae CB-11230 0121 Nassau, Bahamas
Thompson Mary Louise F-43221 0200 Freeport, Grand Bahama
Turnquest Lorraine E N-8408 0160 Nassau, Bahamas
Weiche Charles EL-25176 0174 Govemors Harbour, Eleu.
Wells Valerie EE-16021 0358 Nassau, Bahamas
Wells Wayne M. SS-5989 0352 Nassau, Bahamas
Wicky Beatrice Hazel N-3709 0329 Nassau, Bahamas
Wilde Gordon N-1132 0055 Nassau, Bahamas
Wilson Franon N-3180 0517 Nassau, Bahamas
Woodside Maxwell GT-2016 0141 Nassau, Bahamas
Wzsolek Heinz N-7113 0111 Nassau, Bahamas
Young Sheila N1567 0270 Nassau, Bahamas


SIGNED: DATE: _
REGISTRAR OF fEAL ESTATE





-a








4O
TEL: (242) 325-4942 P.O. Box N-8860
FAX: (242) 322-4649 NASSAU, BAHAMAS

INCORPORATED UNDER THE REAL ESTATE BROKERS AND SALESMAN ACT 1995

PUBLIC NOTICE
REAL ESTATE BOARD
LICENSED SALESMEN
The Public is notified for general information that in accordance with the
requirements of the Real Estate (Brokers & Salesmen) Act 1995, and as June
30 2007 the persons listed hereunder are licensed to practice until 31"
December, 2007.

SALESMAN

Aberlee Neil G EI-27233 0844 Surfers Haven, Eleu.
Albury John N-7776 0056 Nassau, Bahamas
Albury Kathleen AB-20856 0482 Marsh Harbour, AB
Albury Royanne CB-11741 0870 Nassau, Bahamas
Aaron Helen SS-6650 0817 Nassau, Bahamas
Adderley Antoine N-3643 0658 Nassau, Bahamas
Albury William AB-20404 0850 Marsh Harbour, AB.
Andrews Silvina N-1132 0202 Nassau, Bahamas
Aranha Linda CB-11741 0651 Nassau, Bahamas
Arthur Robert N-4949 0800 Nassau, Bahamas
Auberg Peter N-8877 0278 Nassau, Bahamas
Bain Arnold N-10334 0804 Nassau, Bahamas
Bain Julian F-41361 0541 Freeport, Grand Bahama
Bannister Glenn V CB-12044 0180 Nassau, Bahamas
Bastian Kevin CB-13443 0646 Nassau, Bahamas
Beauregard Ron EL-27600 0886 Governor's Harbour, Eleu.
Beede Joyce LI-30129 0908 Salt Pond, Long Is.
Bethel Frederick M N-3006 0400 Nassau, Bahamas
Bethel Jane-Michelle N-4949 0828 Nassau, Bahamas
Bethel John Charles N-2000 0661 Nassau, Bahamas
Bethell Patrick J AB-20521 0404 Marsh Harbour, AB
Birch Patricia SS-19085 0434 Nassau, Bahamas
Boorman Adam CB-13647 0187 Nassau, Bahamas
Bowers Brian N-7776 0818 Nassau, Bahamas
Burrows Beatrice G F-43221 0203 Freeport, Grand Bahama
Butler Claudette N-957 0840 Nassau, Bahamas
Campbell Carlyle N-1132 0993 Nassau, Bahamas
Carey Heather CB-13647 0621 Nassau, Bahamas
Carey Kirk D CB-10959 0552 Nassau, Bahamas
Carey Juanita CB-11741 0885 Nassau, Bahamas
Carroll Ridley N-732 0059 Nassau, Bahamas
Carey-Hernqvist Christine CB-13647 0909 Nassau, Bahamas
Cartwright Carlyle CB-10020 0654 Nassau, Bahamas
Cartwright Kristin AB-20900 0293 Marsh Harbour, AB
Cartwright Richard N-4949 0669 Nassau, Bahamas
Cash William, Jr. N-7504 0218 Nassau, Bahamas
Cates Christopher N-1132 0259 Nassau, Bahamas
Chaplin Ken SS-6650 0813 Nassau, Bahamas
Collins Elizabeth F-42480 0344 Freeport, Grand Bahama
Constantakis Charlotte N-1391 0089 Nassau, Bahamas
Constantakis John N-8164 0087 Nassau, Bahamas
Culmer Raymond CB-13599 0179 Nassau, Bahamas
Daley Dwayne N-4491 0830 Nassau, Bahamas
Damianos Nicholas N-732 0801 Nassau, Bahamas
Darling Igrid Lady, 0163 Nassau, Bahamas
Darville Donna General Delivery 0623 Nassau, Bahamas
Darville Mark Anthony CB-11932 0332 Nassau, Bahamas
Daxon Novelette General Delivery 0823 Cripple Hill, Crooked Island
Dias Natalie N-3617 0385 Nassau, Bahamas
Disston Sarah N-7776 0460 Nassau, Bahamas
Donavan Steve N-732 0712 Nassau, Bahamas
Drakley-Smith Therese SS-6650 0718 Nassau, Bahamas
Dupuch Anthony N-8245 0702 Nassau, Bahamas
Durant Victor CB-11932 0841 Nassau, Bahamas
Edgecombe-Smith Valderine N-10414 0709 Nassau, Bahamas
Eyma Roshanne N-4949 0871 Nassau, Bahamas
Eyma Ritchie N-4949 0873 Nassau, Bahamas
Euteneur Chantelle N-7113 0466 Nassau, Bahamas
Forbes Naaman EX-29039 0324 Nassau, Bahamas
Ferguson Alaric B N-10414 0294 Nassau, Bahamas
Ferguson Alron N-4646 0905 Nassau, Bahamas
Ferguson Lamont CR-54906 0611 Nassau, Bahamas
Flowers Tyrone N-4764 0117 Nassau, Bahamas
Fountain Eyvonne N-7655 0346 Nassau, Bahamas
Fox James DC-30647 0643 Salt Pond, Long Is.
Frost James N-13516 0506 Nassau, Bahamas
Galanis Stephen N-4949 0664 Nassau, Bahamas
Griffin Dolly CB-13443 0868 Nassau, Bahamas
Halbert Carolee N-1132 0840 Nassau, Bahamas
Harding David General Delivery 0)264 Deadman's Cay, Long Is.
Harding Janet N-7655 0647 Nassau, Bahamas
Harding Suzzane N-732 0854 Nassau, Bahamas
Heastie Herbert CB-11741 0865 Nassau, Bahamas
Heastie Steve CB-11741 06 Nassau. Bahamas
Horton Boguslawa N-3822 0824 Nassau, Bahamas


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THE TRIBUNE


BUSINESS


FRIDAY, MARCH 23, 2007, PAGE 9B
I I iI


NAME


NAME


Box NO.


LIC.11SLAND


Knowles Graham CR-54906 0620 Nassau, Bahamas
Knowles Henry B CR-54906 0622 Nassau, Bahamas
Knowles Jeanette General Delivery 0268 Mangrove Cay, Andros
Knowles Jennifer SS-6894 0516 Nassau, Bahamas
Knowles Shannon N-8164 0773 Nassau, Bahamas
Knowles Michael SS-19980 0066 Nassau, Bahamas
Knowles Odia N-3180 0851 Nassau, Bahamas
Knowles Rudolph C N-3006 0459 Nassau, Bahamas
Knowles Ruth N-7795 0166 Nassau, Bahamas
Knowles Sandra P SS-6219 0414 Nassau, Bahamas
Legros Roger N-7778 0326 Nassau, Bahamas
Lee Margaret AB-20777 0364 Marsh Harbour, AB
Lightboum Hollis CB-12291 0214 Nassau, Bahamas
Longley Harold FH-14636 0317 Nassau, Bahamas
Love Patricia General Delivery 0349 Hopetown, Abaco
Lowe Christopher N-1132 0852 Nassau, Bahamas
Lunn David A N-1132 0652 Nassau, Bahamas
Mallory Tanya F-40368 0807 Freeport, Grand Bahama
Manos Tanya EX29034 0879 Georgetown, EX
Mayhew Kay F-42021 0133 Freeport, Grand Bahama
Mayhew Kenneth D F-42021 0135 Freeport, Grand Bahama
McCarroll Jason CB-13647 0155 Nassau, Bahamas
McCarroll Sean CB-13647 0637 Nassau, Bahamas
McCartney Mary N-10414 0816 Nassau, Bahamas
McDonald Christian A CB-13443 0864 Nassau. Bahamas
McCorquodale Dave Alex SS-6650 0354 Nassau, Bahamas
Miller Glenn A EE-16543 0853 Nassau, Bahamas
Minnis Edward A General Delivery 0188 The Current, Eleu.
Moncur David F-43250 0322 Freeport, Grand Bahama
Morris Jonathan P EL-25053 0382 Govemor's Harbour, Eleu.
Mosko Maria M F-40368 0408 Freeport, Grand Bahama
Moss-Cartwright Chaz F-41247 0642 Freeport, Grand Bahama
Moxey-Rolle Debra EX-29008 0907 Georgetown, EX
Moxey Jayson CB-11932 0906 Nassau, Bahamas
Murray Kristina AP-9223.Slot281 0849 Nassau, Bahamas
Newall Cindy CB-13836 0495 Marsh Harbour, AB
Newall Ed CB-13836 0494 Marsh Harbour, AB
Nutt Robert N CB-13516 0440 Nassau, Bahamas
Outten Sydney N-3162 0603 Nassau, Bahamas
Owen Coretta CB-11741 0901 Nassau, Bahamas
Papal Carolyn SS-19029 0453 Nassau, Bahamas
Parker-Macallum Chandra SS-6299 0619 Nassau, Bahamas
Patterson Jane AB-20127 0608 Marsh Harbour, AB
Peterson Heather N-4949 0422 Nassau, Bahamas
Philip-Cole Lanelle F-42498 0601 Freeport, Grand Bahama
Pilchre Kenneth D N-506 0772 Nassau, Bahamas
Pinder Abner EL-27479 0402 Spanish Wells, Eleu.
Pinder Dana M N-8164 0862 Nassau, Bahamas
Pinder Evertte AB-22183 0067 Treasure Cay, Abaco
Pinder Jessica AB-20404 0178 Marsh Harbour, AB
Pinder Leslie A AB-20179 0456 Marsh Harbour, AB
Pinder Roderick H EL-25125 0505 Goveror's Harbour, Eleu.
Pinder Sean N-7776 0711 Nassau, Bahamas
Pinder Sharon E AB-20179 0461 Marsh Harbour, AB
Pyfrom Paul N-3371 0995 Nassau, Bahamas
Radmaker Lana N-732 0775 Nassau, Bahamas
Ralston Kyla SS-6550 0655 Nassau, Bahamas
Ramsingh Margaret SS-19981 0450 Nassau, Bahamas
Rees Donna SS-6550 0858 Marsh Harbour, AB
Rees James SS-6550 0859 Marsh Harbour, AB
Ritchie Cindy Paula EE-16336 0341 Nassau, Bahamas
Ritchie Melissa EE-16336 0388 Nassau, Bahamas
Ritchie Chennika EE-16336 0659 Nassau, Bahamas
Roberts Gregory General Delivery 0549 Hopetown, Abaco
Roberts Monty N-732 0226 Nassau, Bahamas
Rolle Claudius N-4949 0869 Nassau, Bahamas
Rowan Bruce SS-6668 0657 Nassau, Bahamas
Rowe Wendy N-8164 0442 Nassau, Bahamas
Russell June AB-20967 0524 Marsh Harbour, AB
Russell Eric SS-5446 0822 Nassau, Bahamas
Ruzicka Elizabeth A General Delivery 0418 Hopetown, Abaco
Sands Darrin N-732 0254 Nassau, Bahamas
Sands Mailin M AB-20900 0548 Marsh Harbour, AB
Sands Roger N-1115 0518 Nassau, Bahamas
Sarles Jamie F-43152 0512 Freeport, Grand Bahama
Sawyer. Faron AB-20485 0860 Marsh Harbour. Abaco
Sawyer Richard N-732 0666 Nassau, Bahamas
Sawyer Stan AB-22127 0665 Treasure Cay, Abaco
Schreiner Laurie General Delivery 0071 Hopetown, Abaco
Shepherd Natasha EL-27045 0487 Governor's Harbour, Eleu.
Silvester Maria AB-20900 0606 Marsh Harbour, AB
Simms Jonathan SS-19931 0843 Nassau, Bahamas
Smith Jill General Delivery 0663 Stella Maris, Long Is.
Smith Robert SS-19981 0666 Nassau, Bahamas
Sturm-Johnson Diane SS-6299 0468 Nassau, Bahamas
Smith Ariel CB-13316 0019 Nassau, Bahamas
Smith-Bowers Katherine N-7776 0420 Nassau, Bahamas
Smith Derek SS-19368 0378 Nassau, Bahamas
Strachan Kyron Elizabeth N-3180 0313 Nassau, Bahamas
Sullivan Kerry General Delivery 0560 Hopetown, Abaco
Sweeting Barbara PN N-4718 0355 Nassau, Bahamas
Symonette Robin N-3709 0423 Nassau, Bahamas
Thomas Rhiannon AB-20900 0103 Marsh Harbour, AB
Thompson Tamara N-4945 0556 Nassau, Bahamas
Thompson William AB-20955 0604 Marsh Harbour, AB
Thomdycraft William 'Bill' AB-20585 0607 Marsh Harbour, AB


SIGNED:
-_.7REGISTRAR Of REAL ESTATE


DATE: I[ MIcI --c, 2oo


WIN $1,000 towards a new car!!!




at the 18th Annual Bahamas Motor



Dealers Association's New Car Show


Fill out the attached

entry form and become

eligible to win!!!


Fill out the attached entry form and become eligible to win a $1,000 dol-
lar voucher towards the purchase of a new car from participating auto OcI
dealers at the Bahamas Motor Dealers Association's New Car Show at the
Mall at Marathon Show dates Friday March 23rd and Saturday March
24th, 2007.


N am e : ..............................................................................

A dd ress:............................................................................


Telephone num ber (hom e): ................................................

(c e llu la r) ....................................................................... .......

* Complete entry form and deliver to the Bahamas Motor Dealers
Association's New Car Show on Friday March 23, 2007.
* Only entry forms delivered by Friday March 23 are eligible to win.
* Enter as many times as you wish.
* Original newsprint only. Photocopies are ineligible.


LNAME FNAME Box NO. LIC. ISLAND

Treco Jennifer SS-19981 0515 Nassau, Bahamas
Turner Juliet CB-13484 0238 Nassau, Bahamas
Turnquest Collingwood EX-29008 0653 Georgetown, EX
Vythoulkas Natasha CB-13443 0564 Nassau, Bahamas
Wallas Dwayne W N-8164 0830 Nassau, Bahamas
Waton Rhonda N-8164 0648 Nassau, Bahamas
Watts Janet N-8164 0257 Nassau, Bahamas
Weech David E. SS-19350 0491 Nassau, Bahamas
Wolfe Vena D F-46062 0808 Freeport, Grand Bahama
Wong Jason N-1132 0260 Nassau, Bahamas
Mayhew Kenneth N-4182 0181 Freeport, Grand Bahama


DATE: ( 1 IN1
SIGNED: DATE:
/hE STRAR O REAL ESTATE










FAX: (242) 322-4649 NASSAU, BAHAMAS

INCORPORATED UNDER THE REAL ESTATE BROKERS AND SALESMAN ACT 1995
PUBLIC NOTICE
REAL ESTATE BOARD
LICENSED BROKER-APPRAISERS/SALESMEN-APPRAISERS
APPRAISERS (ONLY), AUCTIONER(S) AND DEVELOPERS
OR AS THE CASE MAY BE
The Public is notified for general information that in accordance with the
requirements of the Real Estate (Brokers & Salesmen) Act 1995, and as June
30 2007 the persons listed hereunder are licensed to practice until 31st
December, 2007.
BROKER/APPRAISER "- ~


Armaly Christopher SS-19085 0316 Nassau, Bahamas
Brownrigg Robin N-1132 0021 Nassau, Bahamas
Carey Mario N-1132 0022 Nassau, Bahamas
Carey Paul C CB-11556 0190 Nassau, Bahamas
Christie William McPherson N-8164 0115 Nassau, Bahamas
Cleare Douglas S N-7655 0169 Nassau, Bahamas
Cross Kevin N-1132 0025 Nassau, Bahamas
Culmer Kenneth C General Delivery 0149 Tarpum Bay, Eleu.
Davis Ambrose N957 0476 Nassau, Bahamas
Dupuch Peter M SS-6650 0170 Nassau, Bahamas
Ellis Garnett L CB-11517 0305 Nassau, Bahamas
Galanos Peter CR-54906 0361 Nassau, Bahamas
Hanna Sterling T G N-4142 0033 Nassau, Bahamas
Johnson Steven FH-14397 0333 Nassau, Bahamas
Lightbourn Bertram F-40693 0215 Nassau, Bahamas
Lightbourn Michael C N-4949 0039 Nassau, Bahamas
Lowe Paul N-8164 0380 Nassau, Bahamas
Mauricio George N-9128 0345 Nassau, Bahamas
Morley David F SS-19085 0006 Nassau, Bahamas
Newbold James N-10411 0156 Nassau, Bahamas
Pinder Rachel N-3709 0381 Nassau, Bahamas
Seymour Wendell E SS-6938 0011 Nassau, Bahamas
Strachan Patrick FH-14636 0013 Nassau, Bahamas
Wells Anthony N-3709 0814 Nassau, Bahamas
Wong William U SS-19981 0505 Nassau, Bahamas

SALESMAN/APPRAISER

Weech jKathleen General Delivery 0449 Alice Town, Bimini
White Spencer D N-4949 0522 Nassau, Bahamas

APRRAISER (ONLY)

Bethell Godfrey A F-42389 0397 Freeport, Grand Bahama
Bethel Wilshire F-42389 0383 Nassau, Bahamas
Comish Don G AB-20201 0425 Marsh Harbour, AB
Smith Koe SS-6490 0229 Nassau, Bahamas
Williams Neil
AUCTIONEER (ONLY)

Hinsey Kirk N-318 0137 Nassau, Bahamas


AANDBAiH." M '$lVERY:.i i i 1


- I


,o__







PAGE 10B, FRIDAY, MARCH 23, 2007


The Tribune's


& Kelly's


,I


P0


1 Children ages 4-5, 6-8, and 9-10. Staff members and relatives of The Tribune and Kelly's are not eligible to enter.
2 Coloring may be done with crayons. Adults or an older child may assist the child in filling out the entry form, BUT NOT IN COLORING THE ENTRY.
3 Enter as many times as you wish. All entries must be in The Tribune by 5 pm on Friday March 30, 2007. Winners will be contacted April 3 and winners
published Thursday, April 5, 2007.
4 There will be one first-prize winner, one second-prize winner and one third-prize winner in each age group.
5 All entries become the property of The Tribune and may be used for any purpose including, but not limited to, publication in a future issue.


NOPOTCPISUSAPRAD


Child's Name:
Address:


Parent/Guardian Signature


Tel: (hm) (cell) Age:


*




\~~~~~~~~ .r\ T^ 1*I"
e0




~ITS waiY ,


Toys
Stuffed Bunnies
Easter Candies
Basket Fixings
Games
Decorations
Party Goods
Silk Flowers


* Egg Colouring Kits
* Reading Books
* Beach Toys
* Yard Decorations
* Gift Items
* Baskets
* Stickers
and much more!


KeIlly' .House
S3 Home
Tel: (242) 3934002 a Fa (242)3934096


I


A,


-i


THE TRIBUNE BUSINESS


EASTER
Coloring Contest


.i











STHE TRIBUNE FRIDAY, MARCH 23, 2007, PAGE 11B




SWal-Mart publicizes employee bonuses for first time


0 By MARCUS KABEL
S AP Business Writer
S WAL-MART made its annu-
Sal bonus for store employees
S public for the first time in two
Decades yesterday, saying that
bout 80 per cent of hourly
workers in its stores would split
ore than a half-billion dollars.
Wal-Mart Stores Inc. is the
target of union-backed critics
ho decry its pay and benefits.
he Bentonville, Ark.-based
Retailer said it was making the
bonuses public as a new way to
Honor its employees, not in
response to critics.
Based on the numbers Wal-
Mart released, the mathematical
average payment would be $651
per worker but Wal-Mart said
the individual amounts varied.
It declined to provide a range or
the specific level of payments,
citing competition with other
employers.
In the past, the bonus has
been $1,000 for full-time, work-
ers and up to $500 for part-
timers, according to former
Wal-Mart managers who
declined to be named because
Sthe information is competitive.



.4





Share

your

News
The Tribune wants to hear
from people who are
making news in their
Sneighbourhoods. Perhaps
S you are raising funds for a
good cause, campaigning
S for improvements in the
. area or have won an
award.
If so, call us on 322-1986
and share your story.











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Price includes rustproofir
24,000 miles/24 month




I U
4t #1
*, EAST SHIR
Visit our showroom at Quality A
or Aba


Wal-Mart spokeswoman
Sarah Clark declined to provide
individual figures but said the
payments varied based on two
main benchmarks: whether an
employee's store met profit and
sales targets for the year and
whether an employee is full-
time or part-time.
Adele Phillips, a full-time
administrative assistant at a
Wal-Mart store in Moreno Val-
ley, Calif., said her bonus was
"substantially over $1,000" and
more than last year. She
declined to be more specific.
Stores
"Most of the stores are hav-
ing a barbecue or some kind of
special lunch today because
everybody's worked hard for
this," said Phillips, who has
worked for Wal-Mart since
1982.
The company said it awarded
more than $529.8 million in
bonuses to a total of 813,759
Wal-Mart store and Sam's Club
hourly workers in the United
States.
The company employs more
than 1.34 million people in the
U.S. Of those, just over 1 mil-


lion are hourly workers who
would qualify for the bonus,
Clark said.
Clark declined to provide
comparative numbers for the
previous year.
Wal-Mart, which refers to its
employees as "associates," said
in a news release announcing
the bonuses that it was desig-
nating Thursday as Associate
Celebration Day. It also
announced new programmes
intended to recognize service
and performance.
The bonus programme was
started in 1986 by Sam Walton
as a way to give workers a stake
in the company's success, Clark
said.
The bonus is tied to the per-
, formance of an individual store.
An employee gets a check if the
store where he or she works
meets a benchmark for sales
and profit goals for the year.
Progress toward those bench-
marks is usually charted on a
big poster, typically hung in
each store's break room.
Michael Bergdahl, a former
Wal-Mart human resources
executive who has written about
the company, said he believed
Wal-Mart released the figures


Suzuki's all-new SX4 is a cross between a sporty
compact and a light SUV. The go-anywhere design is
perfect for today's lifestyle- efficient daily
S transportation and dynamic all-round performance.

This crisp handling, Sport X-Over comes loaded with: alloy
wheels, automatic transmission, air bags, CD player, ABS
brakes with EBD, air conditioning, keyless entry
roof rails, fog lamps and much more

ON-THE-SPOT FINANCING with Commonwealth Bank
ig, licensing and inspection to birthday, full tank of fuel,
hs warranty and emergency roadside assistance.


ALITYIsale
ALI LIMITED
AUTO DEALER IN THE BAHAMAS
LEY STREET 322-3775 325-3079
Auto Sales (Freeport) Ltd for similar deals, Queens Highway, 325-6122
ico Motor Mall, Don MacKay Blvd, 367-2916


this year in an effort to counter
negative publicity drummed up
by its critics.
"There is so much negative
media about Wal-Mart. This is
just an example of how they
really treat their people well
and they're putting it out there
to let the facts speak for them-
selves," said Bergdahl, author
of "The 10 Rules of Sam Wal-
ton".
Union-backed WakeUpWal-
Mart.com said the payments
were a pittance compared to
executive bonuses. Chief Exec-
utive Lee Scott received a $3.94
million bonus as part of a total
compensation package of $15.7
million, excluding restricted


stock awards, for the fiscal year
that ended in January 2006. His
salary for last year has not yet
been published.
Values
"Wal-Mart values are so mis-
placed that it gives executives
hundreds of millions in bonuses
and the mere crumbs to associ-
ates who have had their hours
cut, salaries capped, and afford-
able health care eliminated,"
WakeUpwalMart.com
spokesman Chris Kofinis said.
Wal-Mart's release said the
annual bonuses, called
"My$hare", will now be dis-
tributed quarterly "to reward


performance on a more fre-
quent basis."
Among the new programmes
outlined in the announcement
are what the company called
"Servant Leadership" bonuses,
recognizing employees of 20
years or more with an extra
week of pay. More than 13,400
employees have been with the
company 20 years or longer, the
Wal-Mart said. Also announced
as a new programme was the
"Customer Champion" award,
providing cash bonuses to
employees "who go above and
beyond in providing excellent
customer service." That pro-
gramme will be launched during
the summer, the company said.


The Bahamas Environment Science &

Technology (BEST) Commission,

Ministry of Utilities & Environment


is seeking a

PROJECT MANAGER

with skills in technical writing, for the production of a public document.
The successful candidate would be able to conduct interviews, gather data
and analyze information. The successful candidate would also be
knowledgeable about global Climate Change (CC) and the United Nations
Framework for climate Change.The successful candidate would be able to
articulate the implications and factors effecting small island states relative
to CC. The position offered is temporary and is contingent on the production
of the document. Interested persons should send their resumes before March
29th, 2007 to the Commission office.All applicants should be available for
interviews during the week of April 3rd 2007. Please contact the Commission
for further details at:

BEST Commission, Ministry of Utilities & Environment
Nassau Court, West Bay Street
Nassau, Bahamas
Tel: 322-4546 or 322-2576
Fax: 325-3509
Email: bestnbs@hotmail.com







FIRSTCARIBBEAN
INTERNATIONAL BANK

CAREER OPPORTUNITY

for

SENIOR FINANCIAL ANALYST

BAHAMAS
Qualifications:

Accounting designation (ACCA, CPA or other similar
designation)
Audit experience (Preferred)
Prior experience working in/with financial institutions
Proven analytical skills in reporting meddling and forecasting
Proven team management skills

General Requirements/Responsibilities:

Assist with the preparation of annual financial statements
with IFRS
Assist with the preparation of accurate and timely quarterly"
financial statements for publication as required by the
Securities Commission and BISX.
Ensures the integrity of financial information presented for
FirstCaribbean International Bank (Bahamas) Limited
Analyzes financial results and prepare variance explanations
for monthly reporting.
Ensures that financial and management reports are prepared
and distributed within established timelines
Consults with business units of the Bahamas entity, monitors
their performance and provides advice based on analyzed
results
Assist with facilitating the annual audits and the preparation
of requisite schedules.
Interpret changes in accounting and reporting standards and
recommend changes and enhancements to systems and reports.

Applicants are requested to submit their resume with a cover letter
via nemail by April 4t, 2007 to:
deangelia.deleveaux@ firstcaribbeanbank.com

FirstCaribbean International Bank (Bahamas) Limited
thanks all applicants for their interest, h ver only those
under consideration will be contacted.
Vacancies are open to Bahamian residents only.


NOTICE

Pursuant to the provisions of Section 131 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that:-

(a) Mossfruit Inc. is in dissolution;

(b) The date of commencement of the dissolution
is the 6th day of March, A.D., 2007 and

(c) the Liquidator is C.B. Strategy Ltd., of 308
East Bay St.



C.B. Strategy Ltd.
LIQUIDATOR
h lt*-W.- -t;














THE TRIBUNE


PAGE 12B, FRIDAY, MARCH 23, 2007


piof essionally
., ?. .: .-t ... ia ,
60two years public" {
:a6utin experience

y f.I,' ," ', .c -"
-,. ,
:. perience required
(ilmiaimum of four to'
six years) and must
1be computer literate

Associates degree
.*quifed wd must be
&Mtnputer literate


Rspne toif S.gtaa a~e


NOTICE


D.C. ENGINEERING CONSULTANTS LTD.
In Voluntary Liquidation


Notice is hereby given that in accordance with Section 138 (4)
of the International Business Companies Act, 2000, D.C.
ENGINEERING CONSULTANTS LTD. is in dissolution
as of March 19,2007.


Jordans (C.I.) LTD. situated at Portman House, Hue Street,
St. Helier, Jersey JE4 5RP. as Liquidator.


UBS (Bahamas) Ltd. is one of the world's leading
financial institutions in the Caribbean. Our Business
Area Wealth Management International looks after
wealthy private clients by providing them With
comprehensive, value enhancing services. Our client
advisors combine strong personal relationships with
the resources that are available from across UBS,
helping them provide a full range of wealth management
services.
In order to strengthen our team in Nassau, we are
looking to fill the following positions:

Caribbean Desk Head / Client Advisor

The position holder will be responsible leading the
Caribbean Desk in Nassau, Bahamas or become a
client advisor on the desk. This includes supervising
of day-to-day activities and financial results, monitoring
market conditions, and assessing risk. The position
holder has the task to identify new prospects and build-
up the corresponding relationships. S/he works closely
together with product specialists for analysing client
needs and developing, marketing and implementing
tailor-made investments strategies and solutions. The
acquisition of new clients will be a main focus.
The candidate will provide input to senior management
regarding client segmentation and marketing strategy
for his/her region. S/he will assist in the process of
building and developing key accounts, leading this
process where appropriate. S/he maintains a direct
relationship with clients resolves and escalates client
issues arising from the team.
The position holder is accountable for the
implementation of operating policy and standards.
Requirements for this position include:
* Minimum 5 years experience and a proven
successful track record in Wealth Management
Minimum 5 years experience in client acquisition
and relationship building
Outgoing and personable with great social skills.

In this position, -the successful candidate will be
expected to:
Use communication and negotiation skills to
attract new clients and identify client needs
Meet with clients and potential clients in social
.,' V things
'*" Travel to meet with clients and potential clients


Senior Client Advisor & Client Advisor
Latin America

In this challenging position you will be responsible for
acquisition of new and advisory of existing clients, as
well as presentation and implementation of investment
solutions in the client's mother tongue.
For this position we are searching for an individual who
meets the following requirements:
* Extensive experience and a proven track record
in Wealth Management
Specializing in the fields of Customer relations,
investment advice and portfolio management.
Excellent sales and advisory skills as well as solid
knowledge of investment products are key
requirements. Fluency in English, Portuguese
and Spanish is essential.
Interested? Written applications should be sent to:
hrbahamas@ubs.com UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
kil-- "rhamas


Nautilus responds over water


VACANCIES


ing the inspection process."
Mr Evans added: "Our facil-
ity and equipment are all new,
in a fully enclosed and air-con-
ditioned plant. We have already
had many requests to export
our water to the US and Cana-
da. Our water has a unique taste
because we use a very complex
process to produce our water."
Speaking with The Tribune,
Parliamentary Secretary in the
Ministry of Health, Ron Pin-
der, confirmed that Nautilus
had been asked to cease pro-
duction of water because the
building they operated in did
not have the relevant building
permits. He said this was really
an issue to be taken up with the
landlords and owners of the
building, not with Nautilus or
the other tenants. Nautilus also
said it had not taken out a $7
million loan with First-
Caribbean International Bank
(Bahamas) to fund construction
of its operation.


NOTICE

NOTICE is hereby given that ALLEN GEORGE OF
McCOULLOUGH CORNER, 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 16th day of March, 2007 to the
Minister responsible for Nationality and Citizenship, P.O.Box
N- 7147, Nassau, Bahamas.



NOTICE
NOTICE is hereby given that VINCENT CASH OF BELLOT
RD., OFF McKINNEY DRIVE, P.O. BOX N-5773, 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 23RD day
of March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.




NOTICE
NOTICE is hereby given that YURI BELIVARD OF
MARSH HARBOUR, ABACO, .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- -wfitten
and signed statement of the facts within twenty-eight
days from the 23RD day of March, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas.



PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, MELANIE
MAURICE of the Settlement of on the Island of Marsh
Harbour, Abaco, Bahamas intend to change my name
to MELANIE MARIUS. If there are any objections to
this change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, RO.Box SS-
792, Nassau, Bahamas no later than thirty (30) days after
the date of publication of this notice.


GN 471


The Ministry of Finance



TENDER


MAKE:


Wellcraft


MODEL: 25'


YEAR:


1993


ENGINE: 2 Inboard

SERIAL NO: WELC7479D393

The Bahamas Customs Department is pleased to invite
tenders for the sale of the above captioned vessel as is,
where is.

The vessel can be viewed by contacting the
Investigation Section, Customs House, Thompson Blvd,
Monday-Friday, 9 am 4 pm. -

Tenders marked "25" Wellcraft" should be received at
Customs House no later than 5 pm on the 6th April,
2006.

The Comptoller reserves the right to reject any or all
tender,


Baha Mar hopes


for 'productive'


Tuesday meeting


FROM page 1B

we are producing the best
quality possible," he said.
Mr Evans said Nautilus's
water plant had been asked to
stop production because its
landlord, Lucayan Tropical Pro-
duce, did not have the proper
documentation to operate their
facility. "The plant was asked
to stop production because our
landlord, Lucayan Tropical, did
not have proper documentation
to operate their facility, and
since we are located in the same
facility, our licenxe is still pend-
ing after several months," Mr
Evans said. "Because of the
urgency of the matter, we have
been advised that this should
be resolved in the next few
days. "We do comply with all
requirements of Environmental
Health, and have completed all
requirements made by them for
any change they requested dur-


Audit Seniors






Accountants





Staff Accountants


NOTICE

NOTICE is hereby given that PAULETTE RICHARD OF
LYONS ROAD, NASSAU, BAHAMAS is applying to thp
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 16th day of March, 2007 to the Minister responsible
for Nationality and Citizenship, P.O.Box N- 7147, Nassau,
Bahamas.



NOTICE -'
NOTICE is hereby given that SERVILIA LOUIS OF
CARMICHEAL RD., P.O. BOX CR-55647, 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 23RD day
of March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.


Legal Notice



PAWPRINT INC.


Notice is hereby given that in accordance with Section 138(8) qf
the International Business Companies Act 2000, the disolution
of PAWPRINT INC. has been completed; a Certificate of Dissolutioh
has been issued and the Company has therefore been struck off
the Register.



ARGOSA CORP. INC.
(Liquidator)


MUST SELL

VACANT PROPERTY

Lot #14721 comprising 10,000 sq.ft. in area with 83
frontage on Zinnia Road and 120 feet on Eastward Driv4
in Bahama Sound of Exuma Ocean Addition West,
Exuma Bahamas

The property is undeveloped and is located
1 mile south of Emerald Bay and The Four
Seasons Resort.

For conditions of the sale and any other information,
please contact:
Credit Risk Management Collection Unit at:
Phone: 356-1685 or 356-1608, Nassau, Bahamas

Interested persons should submit offers in writing
addressed to:
The Manager, Credit Risk Management Collection
Unit, P.O. Box N-7518, Nassau, Bahamas
to reach us before April 16, 2007.


FROM page 1B

aspects of the agreement with
Baha Mar.
This newspaper was told that
the weekend saw an intensive
series of communications
between the Government and
Baha Mar "at the highest levels
on the critical issues", resulting
in a request for the developer to
urgently submit its position in
writing so that the Cabinet could
discuss this at its weekly meeting
on Tuesday.
Then, that same day, the Gov-
ernment's technical committee
contacted Baha Mar to arrange
next week's meeting, something
that sources said surprised the
developer, believing this showed
"a lack or urgency" given the
communications that had taken
place at the weekend.
However, The Tribune was
told that the technical committee
responded that it was unaware of
the high-level discussions between
the Government and Baha Mar
last weekend, and has spent the
last few days being briefed on the
talks.
"The ball's in the Governmen-
t's court with respect to the details
and the 'breakthrough issues',"
The Tribune was told by a source.
"Baha Mar has just not heard
back from them.
"Baha Mar is hopeful that the
people working on the big issues


I


and the people working on the
technical issues will talk to each
other and come up with a uni-
form position.
"The risk [with Harrah's] is
there. Baha Mar absolutely con-
tinues to have faith in the pro-
ject, and is looking to get it done
and get over the hump."
Among the major issues still to
be decided is the increase in
investment incentives that Baha
Mar is seeking in proportion to
the increase in its investment
from $1 billion to $2.4 billion.
However, the percentage or
ratio of investment incentives to
total investment remains
unchanged, and it is understood
that the Government had devel-
oped a formula to achieve this.
Observers believe that electotal
politics is a major factor in' the,
Government's struggles to agree
a supplemental Heads of Agree-
ment with Baha Mar, the Prime
Minister fearing that if he pro-
vides the developer with what, it is
seeking, it will hand election cap-
ital to the FNM along the lines
of 'you're giving away too much
to foreign developers'.
Yet if this is a concern, ques-
tions are bound to be raised over
why the Government approved
the project in the first place, and
why Prime Minister Perry
Christie has touted it so he vily
on more than one occasion, see-
ing it as his lasting legacy to, the
Bahamian people.


BUSINESS














MARCH 23, 2007


1I


(:15) ** t THE SKELETON KEY (2005) Kate Hud- ** POSEIDON (2006, Adventure) Josh Lucas, Kurt (:45) The Making
H BO-S son, John Hurt. A nurse works in a New Orleans house Russell, Jacinda Barrett. A luxury liner capsizes in the Of:Poseidon ,
with an odd history. f 'PG-13' (CC) North Atlantic. n 'PG-13' (CC) (CC)
(6:00) A** V (:15) **l ATL (2006, Comedy-Drama) Tip '.." Harris, Lauren London, * JARHEAD (2005) Jake Gyl-
MAX-E OR VENDETTA Mykelti Williamson. Four Atlanta teens face challenges. n 'PG-13' (CC) lenhaal. Marines band together dur-
(2006) ing ihe Gulf War. n 'R' (CC)
(:00) ** FALLING DOWN (1993, Action) Michael * THE FAMILY STONE (2005, Romance-Comedy) Dermot Mulroney,
MOMAX Douglas, Robert Duvall. Unemployed defense worker Sarah Jessica Parker, Diane Keaton. A man introduces his uptight girl-
goes on rampage. n 'R' (CC) friend to his family. n 'PG-13 (CC)
(6:00) INTO This American This American The L Word "Literary License to Penn & Teller: Penn & Teller:
SHOW THE BLUE Life (iTV) f Life (iTV) n Kill" (iTV) Jenny's short stories hit Bulls...! "Obesity' Bulls...! "Obesity"
(2005) 'PG-13' (CC) (CC) home. f (CC) Obesity. Obesity.
(6:30)* BOOK **~s PITCH BLACK (2000, Science Fiction) Radha Mitchell, Vin Diesel, I* THE ZODIAC (2005) Justin
TMC OF SHADOWS: Cole Hauser. Vicious creatures stalk the survivors of a spaceship crash. Chambers. A serial killer terrorizes
BLAIR WITCH 2 f 'R' (CC) the San Francisco Bay Area.


FRIDAY, MARCH 23, 2007, PAGE 13B
-----~-----.


,',THE TRIBUNE BUSINESS

FRIDAY EVENING


4ovie Gift Certifical

olmake gr: f.s


7:30 8:00 8:30 9:00 9:30 10:00 10:30

Issues Round- Washington McLauhln Are YouBeing May to Decem- The Vicar of Di- Fawty Towers
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WTVJ wood (N) (CC) strangers to their identities to win for the crown. (Live) n (CC)
cash. (N) 1)(CC)
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WSVN gate the mysterious poisoning of a wants to dress like her late father's
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9 WPLG (CC) the Bullet Hole" (CC) a photo that Caseman took of her
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A&E Felon Flight" nral killer goes to New York with a opens fire at a bar, killingtwo men (N)(CC)
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CB 22 Minutes (CC)
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FIT V last A (CC) 'Cecelie & Alison" (CC) bodies. (CC)
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FOX-NC Shepard Smith ,ISusteren (Live) (CC)
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FSNFL Track Score (Live)
GOLF 3) LPGA Golf Safeway Interna- PGA Golf WGC CA Championship -- Second Round. From Doral Golf Resort and Spa in Mi-
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f (CC) gle days turns ugly. (CC) a KGB double agent. (CC)
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TOON must help a Ranger protect the Manaphy egg from a pirate. (N)
TV5 Thalassa L'AUTRCE COTE Le Business des fleurs Littoral
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PAGE 14B, FRIDAY, MARCH 23, 2007


THE TRIBUNE BUSINESS


CMSA


NON SEQUITUR


TIGER


Dennis


)I( Calvinh


Contract Bridge

By Steve Becker

Sylvia Plays Duplicate


West dealer.
Both sides vulnerable.
NORTH
*AKQ2
V-
+1076432
+874
WEST EAST
4J 4-
VAQ10865 VKJ97432
*KJ9 *Q85
+KJ9 +Q102
SOUTH
+109876543
V-
*A
*A653
The bidding:
West North East South
1 V Pass 4 4 4
5 5 6V 6+
Dble
Opening lead jack of spades.

The night Sylvia played in her
first duplicate tournament was a
night to remember. She had been a
member of the club only two or three
weeks, but even in that'short period
of time the membership had become
aware of her extraordinary exploits.
We had never previously seen
such a player. It wasn't that Sylvia
was a poor player we had lots of
them at the club it was just that
her thought processes were so differ-
ent from those of any other player.
Her mistakes were so far removed
from'ordinary human error that it
was clear that her approach to the


game was totally unique.
Despite this, Sylvia's frequent
misadventures occasionally resulted
in a sensational triumph, and it was
these victories that made her the
most-talked-about member of the
club.
A few of the members were
opposed to allowing Sylvia to play in,
the duplicate for fear she would spoil
the game, but most were in favor of
the idea. They were curious to see
what would happen, and they didn't
have long to wait. On the very first
board, Sylvia became declarer at six
spades on the hand shown, and West
led the jack of spades.
It is hard to explain what hap-
pened now. I don't know whether it
was the tension of the moment, or the
excitement of playing in her first
duplicate, or what the reason was
that caused her to do what she did,
but the fact is that Sylvia played the
two from dummy!
This astonishing play was greeted
by a strange and eerie silence on all
sides. West then shifted to a club.
Sylvia took the ace, cashed the ace of
diamonds, played a spade to the
queen, ruffed a diamond, played a
spade to the king and ruffed another
diamond, establishing dummy's last
three diamonds. She then led a spade
to the ace and discarded three clubs
on the 10-7-6 of diamonds to make
the contract
Of course, if she had won the
opening lead with one of dummy's
honors, she would have gone down!


ItAE


HOW many words of
four letters or more can
you make from the
letters shown here? In T I
making a word, each
letter may be used once
only Each must contain
the centre letter and
there must be at least A
one nine-letter word. No
plurals or verb forms
endingin "s". no words
with Initial capitals and
no words with a hyphen
or apostrophe permitted.
The first word of a phrase
is permitted (e.g. inlkJet in inkjet printer).


I U=O* ,.. I-


Srecko Nedeljkovic v Mijo
Udovcic, Yugoslav
championship 1951.
Missed opportunities at the
chessboard can prove
painful, and today's
diagram is a classic of its
kind. White (to play) had
been pressing for a win for
several moves, and had
driven the black king to a
perilous position on the
edge of the board.
Nedeljkovic thought the
time ripe for the knock-out
blow so went 1 Rg8
threatening 2 Ra8+ and
mate. His choice ended the
game, though not as


U


TODAY'S TARGET
Good 15; very good 23: excellent 30 (or more). Solution
tomorrow.


CRYPTIC PUZZLE I 1 *5 !
---------------------n-L-L-J -L-^= ^ -i


ACROSS
1 They need little washing when one
has no largess (6)
7 Harmonious fast lute
composition (8)
8 Thus the soccer authorities provide
seating (4)
10 His isonly appearance money (6)
11 If I'm deep, somehow, that will
handicap you (6)
14 Does it fall ina sideways
direction? (3)
16 Thinks about tangled ropes (5)
17 A staggering dance? (4)
19 When trimmed, dad gets angry (5)
21 Fora short time, I had to be
apprehensive (5)
22 Unpopular, having deceived about
half the team (5)
23 Shouldn'tone bolt them? (4)
26 Is abletoname awaterway (5)
28 It'sin the CO's salad (3)
29 Tickles one group of
goddesses ()
30 A tally production in
recent t nes (6)
31 Help ,utarawbeginner,asinthe
de art (4)
32 oles, of course? (8)
3? Dig a bed, so to speak (6)


Yesterday's cryptic solutions
ACROSS: 1, Scra-M 6, As-'d-E 9, Miscast 10, Bread 11,
Putty 12, Slain 13, De-cod-ed 15, Och 17, I-ran 18, Dilate
19, Plain 20, Knaves 22, Sire 24, Ye-t 25, Stetson 26,
Photo 27, At sea 28, Bleat 29, Spaniel 30, H-eats 31, Tales
DOWN: 2, Cor-ner 3, Ama-zo-n 4, MID 5, Sca-L-d 6,
A-sp-ir-in7, Stun 8, Detect 12, Seals 13, Dinky 14, Car-a-t
15, Oasis 16, Helen 18, Ditto 19, P-erhaps 21, Nest-le 22,
St-E-lla 23, Rotate 25, St.-and 26, Pest 28, Be-t


DOWN
1 Crockery item that may go flying (6)
2 The individual taken in by UI (6)
3 Sunnycelebrityl(4)
4 Showed petulance at the
post office (7)
5 Later than Tuesday, in wild fear (5)
6 Spends money extravagantly (like
Chelsea?) (5)
8 Teamup in theLake District(4)
9 Not many are in sale work (3)
12 Asmallcaseof(vegetable(3)
13 Believer in themovement
of the tides (5)
15 Women make me sad (5)
18 Town with an egg shortage (but
there's always ham) (5)
19 The coal hole? (3)
20 Free, but indeed derided (3)
21 Stories out of good book are gifts,
naturally (7)
22 Needs to be in phase (3)
23 Spot something on board (6)
24 Worn by us and the Editor (4)
25 With science, they makean
implement (6)
26 Imprisoned, Charlie grew old (5)
27 Give the elbow? (5)
28 The vicarage vehicle (3)
30 The whole country's alightl (4)


Yesterday's easy solutions
ACROSS: 1, Smash 6, Rugby 9, Tangier 10, Storm 11,
Agree 12, Slide 13, Console 15, Hot 17, Odes 18, Angina
19, Sprig 20, Invite 22, Pest 24, Cue 25, Reverie 26, Rigid
27, Egged 28, Bumph 29, Settler 30, Edits 31, Tyres
DOWN: 2, Method 3, Stress 4, Ham5, Agile 6, Reading 7,
Urge 8, Breton 12, Slope 13, Colic 14, Nerve 15, Hiker 16,
Taste 18, Aided 19, Strides 21, Nudged 22, Penury 23,
Simple 25, Rifts 26, Rest 28, Bet


ALKOSS
1 Phases (6)
7 Calculator (8)
8 Celebration (4)
10 Linger (6)
11 Bounded(6)
14 Charge (3)
16 Healed (5)
17 Decays (4)
19 Buffalo (5)
21 Metal fastener (5)
22 Bathroom item (5)
23 Merriment (4)
26 Yields (5)
28 Man's name (3)
29 Sensual (6)
30 European country (6)
31 Skin complaint (4)
32 Indifferent (8)
33 Dozen (6)


DOWN
1 Vendor(6)
2 Fireplaces (6)
3 Wound's
mark (4)
4 Fruit (7)
5 Step (5)
6 Avarice (5)
8 Present (4)
9 Shelter (3)
12 Devout woman (31
13 Curt (5)
15 Organ (5)
18 Proprietor (5)
19 Offer (3)
20 Ready (3)
21 Laughable (7)
22 Gamble (3)
23 Quick look (6)
24 Sentence (4)
25 Come out (6)
26 Stringed
instrument (5)
27 Extinguish (5)
28 Curve (3)
30 Rapid (4)


a a


FRIDAY, --
MARCH 23


ARIES March 21/April 20
Important people will listen to what
you say this week, Aries, so speak .
carefully. A visit from an old friend -
reminds you of a past adventure.
It's okay to reminisce.
TAURUS April.21/May 21
Life moves in cycles, Tautus, and for
you, the good times are just begin- "- -
ning. It's important that you put the
past and those longstanding
grudges behind you to succeed.
GEMINI May 22/June 21
You've got the. blues this week,
Gemini, so it's unlikely you'll be the
life of the party. That's okay even
you could use some quiet time once
in a while. Take this time to rejuve-
nate your spirit.
CANCER June 22/July 22
Even hardworking Cancers like you
need'to take a break. Take a day off
and go enjoy yourself outdoors. The
romance you've been searching for
may find you.
LEO July 23/August 23
You've pushed yourself a great deal
and have achieved a lot. Go ahead
and&brag you've:earnedthe right,
but don't let it go to your head.
VIRGO Aug 24/Sept 22
A flagging romance has you feeling
down in the dumps, but your natural
resiliency will have you up and
about again in no time just in
time to meet someone new.
LIBRA Sept 23/Oct 23
Recent weeks have been good to you,
and there's no reason why your luck
shouldn't continue. However, life
hasn't been so kind to others. Take
time to share your good fortune.
SCORPIO Oct 24/Nov 22
Now that your finances are in order,
put money concerns out of your
mind for the moment and go have a
little fun. The key word here is "lit-
tle" moderation is key. A loved
one is planning a romantic getaway. .
SAGITTARIUS -Nov 23/Dec 21
Your high energy days are fewer
this week, Sagittarius, so you should
carefully consider how you exert N
yourself. Friends look to you for-
advice. Do your best. i
CAPRICORN- Dec 22/Jan 20
It's-easier to keep promises to
yourself if you make them this
week, Capricorn. An impromptu
trip leads to financial opportunity.
AQUARIUS Jan 21/Feb 18
This week, you'll find yourself
questioning a lot of what you've'
always believed in, Aquarius. This
is a good thing, as it forces you to
take a good look at your lifestyle.
CAPRICORN Dec 22/Jan 20
There's only so much you can do on
your own, Pisces. There's real value
in teamwork this week if you're of a
mind to give it a college try.
-. .


8329



I


- _l -




a I c d e f g h

intended. Why was White's rook
move a blunder, and what
should he have played instead?

LEONARD BARDEN


Chess solution 8329 1 Rg8? Na3+! 2 bxa3 Rc3 mate.
White should have played 1 b3+! Rxb3 (if Ka3 2 Kxb5
wins with an extra knight) 2 Nc5+! dxc5 (if Ka3 3
Nxb3) 3 Ra6 mate.
Mensa quiz: 1. A. From the end of the alphabet move
seven letters, then six, then five, then four and then
three. 2.13 of each of Ip, 5p, 10p and EL
One possible word ladder solution is: LOST, last,
lass, bass, bays, buys, BOYS


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, -.. ;-fT-enw'W 55r







THE TRIBUNE BUSINESS


PAGE 168, FRIDAY, MARCH 22,2007


"r' '" ,"
- .-* *. '* Uiia a .- .-' i '
',,, ^. ;"- l. ,, ,- t- ,**. -H


GOOD FOR THE BAHAMAS.


BETTER FOR BAHAMIANS.


+)-


-AHA A iuxu.ry resort, :he i.-s ..f v+..,. the
wr.ld has nreve.r se-en. In lessI le an ou' e -s, '
w~il b oast 3.0-00 roorns, acre cag%.i.inr-'g as \s I as rimee
entertainnnment anrd sfoppin venues.

When you dearr, bg, you can.' do it aone. "':.t's w hy
we expect to create over 8.500 .1obs fromr Ken:.,i .. tion
to cuLstomer service to mar.ag~emeint. T,. :'s iin d n
to the 700 cojnst'uct.in jobs already creae:! and the
over '100 contracts awarded to iocal contracts., some
exceeding S35 rnili;ion. Ar'd in the two d,'.ci: es


l....-, r- . .!-*<. Baha ,' .," is pe -d to b mnefit
-,, n s or',"s Gross Dornes'tc Pr:.. -1.t to tle tune oA
r< : 15 I i n.

Set to become one oF the most 5si.-,ifici'mt partnerships
in the hospita~iky indLustry, th 's wolId'.icd,. .po,'.re to
the beauty of 'e Sahamas can only serve :c. ro,' te
to-urism incdstry expoaneniI,'l and continue to p-ovide
mriore jobs arid economic growth.

SHARE THE BAHAMAS WITH THE .A'ORLD.
SHARE THE BENEFITS WITH THE BAHAMAS..










k : 1' _


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