The Tribune.
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00084249/02866
 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: 4/13/2007
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
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_02866
System ID: UF00084249:02866

Full Text

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FOR LET mlovin'itL.





Volume: 103 No.117 FRIDAY. APRIL 13, 2007


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Police shoot and

arrest 46-year-old

Tribune Staff Reporter
A MAN who since 2004 has
been on the police's most wanted
list was shot and arrested by
police officers yesterday morn-
The police reported that 46-
year-old Lincoln Poitier was
wanted in connection with two
incidents, a rape and an assault
The police said that Poitier is
currently being treated for his
gunshot wound at Princess Mar-
garet Hospital. He will then be
questioned about the pending
According to Chief Superin-
tendent Miller of the Central
Detective Unit, a concerned citi-
zen had called the police detective
unit and the police control centre
to alert them that Poitier was
around Batelco on John F
Kennedy Drive.

Supt Miller said the police dis-
patched teams to the area and
two uniformed officers
approached the suspect.
At that moment, he said, Poiti-
er attacked the officers by spray-
ing a substance in their eyes.
Supt Miller said that one of the
officers, in self defence, shot Poiti-
After that, he said, Poitier
attempted to flee the scene on
However, Supt Miller said that
Poitier was apprehended in a
patch of bushes not far from the
scene. He was taken to hospital
for treatment.
The police said that Poitier was
only shot once during the inci-
According to Supt Miller, Poiti-
er was wanted for questioning in
connection with the kidnapping
and rape of a 14-year-old girl.
He said that in January 2004
SEE page nine

Tornado possibility

sparks panic in Nassau
Tribune Staff Reporter
NASSAUVIANS were in a state of panic yesterday afternoon when the
Meteorology Department issued a standard severe thunderstorm warn-
ing, which also cautioned residents that tornado activity was a possibili-
As the same weather system, which had earlier this week destroyed sev-
eral homes in North Andros, reversed its course and moved across New
Providence yesterday afternoon, people were sent into a frenzy, fearing
that they might also become victims of a tornado.
However, Chief Meteorology Officer Basil Dean told The Tribune yes-
terday that every thunderstorm carries the potential for tornado devel-
He explained that the weather warning advised of this fact simply to
put people on their guard after Wednesday's incident in North Andros.
SEE page nine

8 PlecBs Chicken, 2 Large


killed outside

of his home
Tribune Freeport Reporter
FREEPORT A well known Grand Bahama
businessman was gunned down and killed execu-
tion-style just outside his home on Bahama Reef
Boulevard early Thursday morning.
The victim is 31-ycar-old Konstantino Vardoulis,
also known as "Konky", the operator of Grand
Bahama Food Company and the Chicken Farm.
Mr Vardoulis is the son of prominent businessman
Mcanus Vardoulis, who recently turned over the
business to his son.
SEE page nine


~A ~i.J

Daniel Smith inquest

hearing adjourned
THE inquest into the death of Daniel Smith
appears to be on hold for at least several more
weeks, as a hearing on a constitutional motion
did not go ahead as scheduled yesterday.
Supreme Court Justice John Lyons adjourned
the matter to May 22. which is when it is expect-
ed that a date will be set for a hearing on the
Attorneys representing Howard K. Stern
have filed a motion challenging the constitu-
tionality of the Coroner's Act. Stern's attorneys
are seeking a court order that would ensure that
accurate steps be taken to screen potential jurors
further than allowed by the Coroner's Act, in an
SEE page nine

-- A .

Contractor voices
concerns over
investigation into
corruption claims at
Ministry of Housing

Tribune Staff Reporter
WITH the police report on the
investigation into claims of cor-
ruption in the Ministry of Hous-
ing still not having materialised, a
contractor has spoken out against
what he perceives to be political
influence over the police force.
The source has stated that in
his opinion the police should have
enough evidence at this stage to
have laid charges, but have been
scuppered by politicians despite
their good intentions.
On Monday, newly appointed
assistant commissioner in charge
of crime, Elliston Greenslade,
said that the investigation into
claims of corruption in the Min-
istry of Housing is still active, and
the police hope to "respond very
soon" to queries as to the out-
come of the case.
"I will be looking at that file
today and certainly will be dis-
cussing it with detectives at the
SEE page nine

Claim that photos
show govt worker's car
being used to collect
PLP campaign T-shirts
Tribune Staff Reporter
A POPULAR Bahamian web-
site has published photos of what
it claims is a government worker's
car being used to collect PLP
campaign T-shirts.
The website, which publishes
daily political commentaries,
printed an e-mail from a reader
who states that the photos are
evidence that officials "use their
offices to be insulting and abu-
sive to the office of government."
Commentators yesterday
pointed out that parties are not
supposed to use government
resources to campaign whether
or not they are currently in pow-
The e-mail said: "Tonight-
Tuesday, March 27, 2007. about
6.10pm., I was at a popular T-shirt
printer on Blue Hill Road. Lo
and behold, a red plate govern-
ment car was being loaded with
PLP t-shirts. I was upset and 1
did not hold back.
"I could not find my own cam-
SEE page nine

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PAGE 2. FRIDAY. APRIL 13, 2007

, A

Huge turnout for FNM and PLP rallies

shake the hand of
party leader PM
Perry Christie

PM Perry
the stage
through the
crowd at

rally oni .EMNRITCHIE
Wednedsay Jackson, '
by Perry candidate.
-L Clifton
with his
Franklyn G
Ir ~Ferguson)
.......................................................................................................................................................................................................................................................................................................................................................................... ................................................


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FNM St. Thomas More Constituency
Invites All Constituents To Attend

SThe Official Opening
Of the St. Thomas More
Constituency Office
Saturday, April 14, 2007 5:30p.m.
Come & Mect your Candidate
Mr. Reece (IlllPMAN
'More for St.Thornas More'
Mackey Street South
P.O.Box CB-13027. Te: 393-0858/9
Nassau, Bahamas


FRIDAY, APRIL 13, 2007, PAGE 3



In brief Thrnques

Jail for pair
who pled guilty
to attempt to t graVy itrai
smuggle Haitians
E By DENISE Chief Reporter
Tribune Freeport THE PLP has secured a "gravy
Reporter train" for their families and cronies sp ea
and has forgotten that the Bahamas
FREEPORT Two New belongs to all Bahamians not just
Providence men were sen- the chosen few, former FNM leader
tenced to 18 months in prison Tommy Turnquest told those gath- indecision for fi
after pleading guilty in the ered at the FNM's rally at Clifford "I tell you, I k
Marsh Harbour Magistrates Park on Wednesday. ham and I know
Court for attempting to Mr Turnquest said that Mr Ingra- I will trust Hub
smuggle 10 Haitians to the ham has proven that he can run the Perry Christie
United States from the country while Mr Christie has Ingraham will le
Bahamas. proven that he is not in charge and to victory and h
Lavardo Smith, 34, of has allowed the country to drift with in restoring trust
Emmanuel Drive off Soldier
Road and 27-year-old Jason
Miller of Seven Hills, pleaded E lectio n
guilty before Magistrate Election can1
Crawford McGee to the
charges of assisting illegal today at nomi
According to reports, the todav at nom
men were arrested by police
of April 7 at Sandy Point, E By PAUL G TURNQUEST
Abaco. Tribune Staff Reporter
Some time around 7pm,
officers observed the men TODAY, PLP, FNM, BDM and independent
acting in a suspicious manner candidates will be arriving at nomination centres
while attempting to purchase throughout the Bahamas to be ratified as offi-
gasoline to fill several large cial candidates for the May 2 general elections.
plastic containers at a gas sta- These candidates will have to fill out declara-
tion. tion forms and pay a $400 retainer fee before
The officers conducted a
search of the vessel and dis- noon to be entitled to be placed on ballot papers
covered 10 illegal immigrants for election day.
- eight men and two women If this process is not completed before noon, the
huddled below deck. They candidate will not be eligible for the election.
were all taken into custody. According to officers at the Parliamentary Reg-
According to the immi- istration Department, returning officers will be
grants, they had paid the men placed in each of the 41 constituencies to accept
significant sums of money to forms and money before the cut-off point.
be smuggled into the United A receipt will be issued to the candidate for the
States. $400, which will be forwarded to the Public Trea-
The immigrants were flown sury.
to New Providence and taken If the candidate is successful in securing at least
to the Carmichael Road one-sixth of the vote in that respective con-
Detention Centre, where stituency, this retainer fee will be returned to
they are to be processed. them. Otherwise it will be deposited directly to
Jordan Prince the country's consolidated fund.
Nomination centres for
William High's New Providence are as follows:
lasses of 86 andBain and Grants Town
CISSes Of 86 and lCR Walker High School
87 students asked Bamboo Town
to attend meetings Prince William High School
Blue Hills
GRADUATES of Jordan Garvin Tynes Primary School
Princel jiihiga shool Carmi gl.
who s'of ral shiimary School ""
1986 a fi .een a
asked 6'a iend a meeting to Clifton
discuss plans for an upcoming Gambier Primary School
class reunion.
The meeting will take place Elizabeth
at the school on Sunday, Thelma Gibson Primary School
April 15 2007 at 5pm. Englerston
The school asked former
t cho as oe EP Roberts Primary School
students to contact Timothy
Walker at 477-6102 for fur- Farm Road and Centreville
their details. Centreville Primary School

Cuba, Venezuela Fort Charlotte
C C Sweeting Senior High School
protest pending release Fox Hi
of anti-communist Sandilands Primary School
militant from US jail Garden Hills
SC McPherson Junior High School
HAVANA -Golden Gates
TEARFUL relatives of those Carmichael Primary School
killed in bombings blamed on Golden Isles
Luis Posada Carriles lashed out Gerald Cash Primary School
at Washington on Wednesday,
outraged that the jailed former Kennedy
U.S. operative could soon be Bahamas Technical and Vocational Institute
released on bond, according to
Associated Press. Killarney
Convalescing leader Fidel HO Nash Senior High School
Castro echoed those sentiments a
in a signed statement, accusing Marathon
American authorities of freeing CI Gibson Senior High School
a "monster" after a U.S. judge Montagu
upheld a decision to grant bail to Queens College
"I'm outraged," said Iliana
Alfonso, whose father was
among those killed on a 1976 p .r
Cubana de Aviacion flight that |. ^"
exploded off Barbados. "In the
United States they are talking
about good terrorism and bad
terrorism. To me, all terrorism is i
bad." .a,. ..
Posada, a Cuban-born former B "
CIA operative and naturalized v .
citizen of Venezuela, is wanted ..
in Cuba and Venezuela for mas-
terminding the jetliner bomb-
ing, which killed 73 people -
charges Posada denies. Cuba's
government has repeatedly "
accused the U.S. government of ..- a,. ii.
protecting Posada by holding
him on a far less serious charge. ..
The 79-year-old is being held
in New Mexico on immigration
charges, but could go free after *
U.S. District Judge Kathleen
Cardone's refusal to reverse her

earlier ruling granting his '
request for bail.
Cardone ruled in El Paso,
Texas, on Friday that Posada
could be released on
US$250,000 bond from the k
Otero County jail, pending trial
on charges of lying to immigra- Financing
tion authorities in a bid to Available
become a naturalized American 0 on t h e
citizen. 7 Po0 t


;t claims PLP has secured

n' for families and cronies

ner FNM leader

tks at rally

ve years.
now Hubert Ingra-
Perry Christie, and
bert Ingraham over
any day. Hubert
ead our FNM team
he will lead the way
st in government. I

am happy and proud to be an inte-
gral part of this FNM team," Mr
Turnquest said.
The former party leader charac-
terised this election as a fight for
the direction that the country will
take and said that the future of
"every boy and every girl through

didates arrive

nation centres

Mount Moriah
Government High School
Cleveland Eneas Primary School
St Anne's
St Anne's High School
St Cecilia
Ridgeland Primary School
St Thomas More
Palmdale Primary School
Sea Breeze
Sadie Curtis Primary School
South Beach
CV Bethel High School
St Andrew's High School
In Grand Bahama, the stations will be as fol-
Eight Mile Rock
Eight Mile Rock High School Gym
High Rock
Administrator's Office, High Rock
St George's High School Gym
Marco City
Jack Hayward High School, Gym
Foster B Pestaina Centre (Pro-Cathedral of
ChristZ King)
West Ea tnd Bimini
Local 1lWrnment Office West Grand

In the Family Islands,
the stations will be as follows:
North Abaco
Administrator's Office, Coopers Town
South Abaco
Administrator's Office, Marsh Harbour
North Andros and Berry Islands
Administrator's Office. Nicholl's Town
South Andros
Administrator's Office, the Bluff
Cat Island, Rum Cay and San Salvador
Administrator's Office, the Bight
North Eleuthera
Administrator's Office, Harbour Island
South Eleuthera
Administrator's Office, Rock Sound
Administrator's Office, George Town
Long Island and Ragged Island
Administrator's Office, Clarence Town
Mayaguana, Inagua, Crooked Island, Acklins
and Long Cay
Administrator's Office, Mathew Town

Prices includes: Licensing, Inspection, Plates, Mats, Full tank of gas, full service
Pre-Delivery Inspection, Full Detail In & Out, and Warranty.

our entire nation of islands is at
"It is a fight for the rights of our
children to own land in their own
country. When a people can no
longer own land in their.country
they no longer own their country.
We cannot continue to give-away
our land to every foreigner who
asks and expect to own our country
in the future," Mr Turnquest said.
He said that the country must
bring an end to its social problems
and ensure that each Bahamian
child becomes a productive caring
citizen who will contribute posi-
lively to the development of his or
her country.
Mr T'l'urnqiuest promised that the
FNM will behave with dignity,
humility and respect for the
Bahamian people, and will live up
to the country's expectations.
"Under your FNM government,
there would be no money in the
closet, no cheque in the bedroom,
no mention of Koreans or their
boats, no junkanoo bleachers deals,
no fist fights in the cabinet room,
and yes there will be no double
standards when enforcing the laws
of our country.
The PLP, he said, has had five
years to do all the things they
promised in 2002 but, unfortunate-
ly for the Bahamian people, all they
did was "shuffle, profile and bounce
from crisis to crisis, and embroil

Tommy Turnquest
themselves in scandal after scan-
"Perry Christie and the PLP are
not good for the Bahamas. As much
as they talk and profile, their actions
show that they care very little about
the average Bahamian. But when it
comes to their families and cronies,
the gravy train is on a non-stop
track. This must end. The Bahamas
belongs to all Bahamians not just
the chosen few," Mr Turnquest said.

,- The Mafl-at-Marathan

... . -



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Local News.................... P1,2,3,5,6,7,8,9,11 -
Editorial/Letters. .......................................P4
Advt .................................................. P10,12 .
Business ................... P1,2,3,4,5,6,7,$,9,12
Com ics....................................................P 10 .
Weather........................................... L,,..P1 1
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Main ............................................ 12 Pagws


MONEY TALKS, and in the case of Don
Imnus, it is saying: "You're history."
Prominent advertisers are distancing them-
selves from the legendary broadcaster. Sta-
ples, the office supply chain, asked MSNBC
to remove its advertising from the television
simulcast of Imus's radio programme. Procter
& Gamble withdrew all its advertising from
MSNBC's daytime schedule. American
Express Co. and General Motors Corp. also
pulled advertisements from the show, which
is broadcast on CBS Radio and MSNBC tele-
vision. The simulcast was later cancelled.
These sponsors understood what Imus's
star-powered stable of pundits and politicos
did not: When you lie down with dogs, you
get up with fleas. They showed more courage
than anyone in the Imus crowd.
But look what it took for Imus to finally
shock them.
He called the Rutgers women's basketball
team "nappy-headed ho's," a line that is
arguably no worse than many others offered
up over his long career.
The I-Man routinely insults women, Jews,
Catholics, politicians of all ideologies, and
anyone else he chooses to label as a "lying
weasel." This time, he picked the wrong tar-
get, idly going after young, black female ath-
letes. It was Goliath going after Cinderella.
The racially tinged subplot generated out-
rage, mostly from African-Americans.
In an op-ed published in The NeW York
Times, broadcast journalist Gwen Ifill wrote
about learning that Imus once referred to
her as "the cleaning lady." Given the history
of racist cracks on his show, she asked: "Why
do my journalistic colleagues appear on Mr.
Imus's programme?"
The answer is clear. Over the years, Imus
invested mightily in the white media and
political elite, and the investment paid off.
No one wants to give up the air time or
book plugs, no matter what Imus says on the
air. He forgives them their transgressions,
be it plagiarism or drunken moments caught
on tape, and they forgive him his.
Yesterday, Senator Barack Obama of Illi-
nois became the first presidential candidate to
&all for Imus to be fired. In doing so, Obama
one-upped Senator Hillary Clinton of New
York who blasted Imus on her website and
asked supporters to send messages of sup-
port to the Rutgers students.
All the presidential candidates decried the

jfirtt 36aptt t Cburcl)
289 Market St South P.O. Box N-7984 Nassau, Bahamas

"The key to Heaven hung on nails."
7:00am, 9:00am, 11:15am
Marriage Officer, Counsellor, Intercessor
Phone: 323-6452 e 393-5798
Fax: 326-4488/394-4819

Relocation of Registrar General's Department
(Freeport Office)

We are pleased to advise that the Registrar General's
Department will be relocating to East Mall and
Poinciana Drive (3rd floor British Fidelity Bank
Bahamas, Ltd., Building) effective Monday, 16th
April, 2007.

In order to facilitate this move our Regent's Centre
Office will operate with restricted hours.

Office Hours, Regent Centre:

Thursday 12th April, 2007 9:00am 2pm
Friday 13th April, 2007 CLOSED

We apologize for any inconvenience caused. Should
you need to contact us please call the following
telephone numbers 352-4934/7 or 352-4329.

Imus remarks, but some, like Senator John
McCain of Arizona and former New York
mayor Rudy Giuliani, said they would still
appear on the show.
The pro-lmus argument goes like this: He
donates millions to charity and runs a camp
for young cancer patients: some of the cancer
patients are black. Therefore, he is a self-
described "good person" and cannot be racist.
Well, a man can beat his wife and still give
away money to women's causes. It makes
him a generous wife-beater. The same logic
applies to Imus.
The national media watch group Fairness
and Accuracy in Reporting recycled numer-
ous examples of racist, sexist, and generally
bigoted commentary from the Imus show
over the years. Besides the "cleaning lady"
crack about Ifill, Imus called New York
Times sports reporter Bill Rhoden a "quota
hire." He once called Washington Post
reporter Howard Kurtz a "beanie-wearing
Jewboy." He called the New York Knicks
"chest-thumping pimps." More recently,
according to Media Matters for America,
Imus sidekick Bernard McGuirk. perform-
ing as his character Cardinal Egan, said on
March 16 that the "whole-nation is talking
about" reports of a "young coloured fellah
pretty much deckin' the old bag from New
York and takin' away some of her money."
Added McGuirk: "I'm speaking, of course.
about Barack Obama and Hillary Clinton."
On March 6. McGuirk said Clinton "will have
cornrows and gold teeth before this fight with
Obama is over."
Imus apologized for his latest remark and
was suspended for two weeks. But this time,
his job could be on the line, said John
DePetro, a radio talk show host who was
fired by WRKO after calling gubernatorial
candidate Grace Ross a "fat lesbian."
"As much as mine was mean-spirited, it
was factually accurate." said DePetro, who
now works at WPRO in Providence. The
problem with the Imus comment, he said, is
"there's no way to defend it. These girls are
not whores. They are not prostitutes."
Letting DePetro go was partly market-dri-
ven. In the end, the market will decide Imus's
fate, too.
The bottom line: no sponsors, no Imus.
(* This article is by Joan Vennochi of the
Boston Globe 2007)

Ricardo Smith

should not

deter you

The Tribune Limited
Being Bound to Swear to The Dogmas of No Master

LEON E. H. DUPUCH, Publisher/Editor 1903-1914

(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-2387
Nassau Fax: (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348

the path that all journalists in
this country should be on -
printing the facts regardless!
The Tribune staff have done
what no other daily dare,
because of affiliations. You
have raised the level of jour-
nalism in this country and
forced Bahamians to look in the
Ricardo Smith, whom I con-
sider to be "hen pecked", does

not represent the fair thinking
Bahamian Ricardo repre- *
sents what happens and
becomes a "man" who can be
It's amazing how low some
human beings will go in an
attempt to suppress the truth!
I am disgusted!
God's continuous blessings -
on you and your staff!
To Ricardo Smith and his
backers "I AM WOMAN,
Concerned Bahamian Mother
March 29 2007

The nonsense of Ricardo Smith

EDITOR, The Tribune

That man what was his
name, Smith who led a protest"
against John Marquis in front
of The Tribune.
I don't know who he is or
who is behind him (but can
make a good guess).
He said they are protesting
because Marquis is a racist

because he doesn't like black
leaders. Doesn't he know that
several months ago Marquis
wrote a very damning article
about George Bush. the Amer-
ican President, calling him "the
worst President in American
history and George Bush is
Marquis doesn't distinguish
or discriminate between poor

black or for white leaders!
If you want to see his non-
sensical bashing of Marquis,
maybe you can find it on the
web site, Bahamas uncen-

March 28 2007

Consider the environment in

the wake of the elections

EDITOR, The Tribune
WITH a general election
rapidly approaching, please
allow me space in your news-
paper to highlight an issue that
I see as one of importance to
the electorate.
Within a very short time after
the date of the general election
is announced, these islands will
be festooned from stem to stern
with posters, banners, stickers,
flags and other such materials
produced and distributed by the
major political parties and the
individual campaign teams. As a
registered voter. I would be
impressed by any party or can-
didate who gave a public under-

taking in advance of the elec-
tion to see that their campaign
materials are cleaned up imme-
diately after it, no matter what
the result.
After the 2002 election these
materials were left, in many
areas, to molder away on their
own. For some months, the city
of Nassau looked far from its
best as increasingly faded and
ragged images of candidates
successful and unsuccessful
smiled down at residents and
tourists from innumerable walls
and utility poles.
If memory serves, what limit-
ed efforts were made to gather
in and properly dispose of these
items were volunteer drives

organised by one or another of
the local radio stations, not by
the parties or candidates
responsible for their prolifera-
From a purely political point
of view, the parties and candi-
dates should consider that the
giving and keeping of an under-
taking as described above might
do more than speeches and slo-
gans to convince individual vot- '
ers that the giver, his party and
his supporters are genuinely
committed to the welfare of the '
April 4 2007

Flooding problems in St Thomas

More need to be addressed now

EDITOR, The Tribune
WITH the US predicting a
heavy hurricane season, I am
deeply concerned for the resi-
dents of St Thomas More, in
particular the Lyon Road,
Whites Addition and Kemp
Road areas.

Residents have complained
about intense flooding as well as
the state of their homes in terms
of hurricane preparedness.
There is also a tremendous
environmental concern.
Persons in the Lyon Road area
are already complaining about
flooding and its affect on their
homes even with mild showers.
However a busy hurricane sea-
son :could lead to additional
flooding and sinking homes. It's
a disaster waiting to happen.
We must also consider that
these areas are without proper
utilities, and in many cases the
wooden fixtures are necessary.
There are approximately 50-100(
out houses and or outside toilets
that could be environmentally
unsafe with intense rain and
flooding. There are open graves
in the cemetery in the middle
of the area, which could also
create concerns.
This little rich country, accord-
ing to so many should in fact

remember that there are per- -
sons out there who are in need -
of building assistance in order
to protect themselves, their
loved ones and their children.
We have already experienced
problems with NEMA, and the -
allocation of funds, therefore if ,
we could prevent another finan-
cial mayhem, we should.
Considering that each Mem-
ber of Parliament gets $90,000
to maintain an office, and that
Urban Renewal assists with
hurricane preparedness, these
areas should have been better -
assisted, especially with hurri-
canes as an integral part of our
Our Bahamas and the peo- *
pie of St Thomas More deserve
April 2007

Rigby clearly wrong

to criticise Ingraham

EDITOR, The Tribune
I find the inference by Mr R
Rigby that the former Prime
Minister's remarks at the recent
prayer breakfast was directed
at one person in his party to be
really outrageous.
I listened to and read those
same remarks and I (and I am
certain other people) came to
a ltotavllv different conclusion if,
in fact, the former Prime Min-
ister was referring to any one
individual in particular.
Surely, it was obviously a gen-
eral statement and could apply
to any person of whichever gen-
der (male or female) who fits
the description. (However,
there is an old saying that says:
"If the shoe fits, wear it").
Further, the statement referred
to "individuals" (plural) to which
I totally agree that there are such

persons who behave as though
thev alone are the only Christians
in 'T'he Bahamas. This, of course,
is erroneous. For their informa-
tion. God loves everyone.
The statement is simple and
straightforward and needs no
further explanation. No won-
der the FNM saw no reason to
reply further. Wow, what a time
we are experiencing in this
Bahamas today!
The sad part about such mat-
ters is that, in all probability,
the obnoxious behaviour is con-
doned by the boss or bosses at
the top who can claim "clean ,
hands" while they let others do
the "dirty work". I hope this is '.
not misunderstood. It is meant *
metaphorically. *
April 4 2007

EDITOR, The Tribune

As a Bahamian, I am trou-
bled when I see fellow Bahami-
ans misrepresenting the truth.
Ricardo Smith has become
known as a "Bought Man" -
hce is now getting the reputation
of being one who would
do "anything" for anyone for a
price. The "chickened" ones
dare not show their faces in
public, because they know what
Ricardo is paid to do is trashy!
I am sure your staff (which
includes Mr Marquis) will not
allow Ricardo Smith and his.
"backers" to derail you from

Don Imus's last outrage?

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PAGE 4, FRIDAY, APRIL 13, 2007


FRIDAY, APRIL 13, 2007, PAGE 5



OIn brief

over voter
cards in
the organisation of the distri-
bution of voter cards contin-
ued yesterday with con-
stituents of Clifton claiming
that their collection point was
closed in the early evening.
Residents of the area con-
tacted The Tribune yester-
day after 6pm claiming that
Gambier Primary School was
already closed, preventing
them from collecting their
voter cards.
Frustration has been
increasing across New Provi-
Sdence this past week as many
voters who attempted to col-
lect their cards within the
announced opening hours of
10am-9pm were turned
The first of these incidents
was reported to The Tribune
on Monday night, when vot-
ers were reportedly turned
awa\ from the Montagu col-
lection point of Queen's Col-
It was even claimed that
voters were close to rioting
on Tuesday evening after
being turned away from
Carmichael Primary School.
the collection point for the
Golden Isles constituency.
Parliamentary registrar
Errol Bethel said that it is
crucial for organisational pur-
poses that voters collect their
cards as soon as possible.
However, voters said that
they are being hindered in
picking up their cards by the
unannounced early closing
times of collection points.

called on
to address
JUNKANOO promoter
Peter Adderley is calling on
political leaders to focus on
the concerns of those who
preserve the nation's most
well known cultural tradition.
At the FNM rally on
Wednesday night, opposition
leader Hubert Ingraham's
pledged to lower junkanoo
seating prices to what they
were before the PLP came to
power in 2002.
Mr Adderley said that
while he welcomes this
promise, he wants both Mr
Ingraham and Prime Minis-
ter Perry Christie to go even
"In keeping with my vision,
I am calling on both Mr
Ingraham and Mr Christie to
speak more for the promot-
ers, artisans and junkanooers
themselves; increase seed
money for preparation of the
parades; allocate land and
funding for the construction
of junkanoo shacks and
organise more national and
international travel opportu-
nities for junkanoo groups,"
he said.
Mr Adderley, president of
Creative Works, is the cre-
ator of the popular "Feel the
Rush" event in Grand
Bahama and the newly estab-
lished "Just Rush", set to
take place in Freeport in June
over Labour Day weekend.

Guard injured
during brawl
in Dominican

San Cristobal
A BRAWL broke out
between two gangs of knife-
wielding inmates inside a
Dominican prison Wednes-
day, and about two dozen
prisoners were hospitalized
with injuries, police said,
according to Associated Press.
The fight began with a dis-
agreement between the gangs
known as the Kings and the

Bloods at the Najayo prison,
about 22 miles south-west of
Santo Domingo, the capital,
police spokesman General
Simon Diaz said.
At least one guard was seri-
oul :y injured, along with
niiny IS- to 21-year-old pris-
oners. '


FAMILIES who claimed
their home plans were being
blocked in an act of victimisa-
tion by the Ministry of Works
are set to get the go-ahead after
their case was highlighted in
The Tribune.
Single mother Ms Edvern
Thompson, 48, has already been
issued with a building permit,
and 15 other affected home-
buyers are likely to get clear-
ance over the next few days.
Developer J.oshua Haeward,
who sold the Faith Avenue-St
Vincent Road properties as part
of a sub-division development,
said The Tribune's intervention
had proved crucial in securing
justice for the buyers.
"I think this is a direct result
of what The Tribune, and espe-
cially INSIGHT, did," he said.
"This shows how important
it is for people to stand up
against attempts to muzzle the
press. Freedom of the press is
not only good for newspapers, it
is good for the country."
Sixteen buyers had their
building plans blocked because,

Single mother's relief after

being issued building permit

they said, they had been caught
in the crossfire after Mr Hae-
ward took legal action against
the government for alleged
breach of statutory duty.
Ms Thompson was particu-
larly hard-hit because she and
her daughter live in rented
accommodation which they
were hoping to vacate next
She said development of her
$65,000 lot had been "frozen"
by the ministry because of Mr
Haeward's dispute.
"' am a single mother who
has been praying for my own
home since 1992," she said.
"Eventually, after all those
years, I got my chance. Now I
am being stopped from doing
what I want to do and every-

thing is on hold."
The INSIGHT article on the
buyers' plight brought instant
public response. The ministry
faced complaints from people
asking why the families were
being victimised.
Mr Haeward said: "I feel very
good for the people, and I'm
pleased that they don't have to
wait any longer. This is not
going to stop my own legal
action with the ministry, but I
think it shows what can happen
when people are prepared to
stand up and fight when they
need to fight."
Mr Haeward, who has been a
developer since the early 1980s,
added: "I am now confident all
the buyers will get the go-

Among the other buyers is
legal executive Akera Stubbs,
26, who bought the lot for
$69,000 in the hope of building
a rental property for invest-
She said she was having to
repay instalments on her bank
loan without being able to make

headway with development.
Mr Haeward said he is
expecting her permission to
come through in the near
Up until press time last night,
Ministry of Works officials did
not return The Tribune's calls
for comment on the matter.

Freeport man drowns after falling off raft

Tribune Freeporter Reporter
FREEPORT A fun day at
the beach ended in tirgeidy
over the Easter holiday week-
end when a 21-\ear-old
Freeport man drowned in
waters off Barbary Beach.
Amoz McKenzie, a resident
of Plum Street, Caravel Beach,
was at Barbary Beach with
several friends having fun in

the water on a plastic raft pri-
or to his death.
According to police reports,
around 4.40pm on Monday,
McKenzie was being pulled on
a raft that was attached by a
rope to a speedboat.
The report stated that
McKenzie was thrown into the
water after the raft hit a wave
and flipped over into deep
water several hundred yards
off shore. 1

Press liaison officer Chief
Superintendent Basil Rahming
said in his report that McKen-
zie did not have a life vest and
could not swim.
However it has also been
said that McKenzie's friends
are disputing the police report.
They say that McKenzie was
actually a good swimmer and
His friends said that the raft
never overturned and that

McKenzie and another friend,
who were on the raft at the
time, jumped into the water.
They believe that McKen-
zie might have been too tired
to swim back to shore as he
had been on the raft through-
out the day.
According to friends,
McKenzie went under sever-
al times and was struggling to
keep his head above the water.
He was .retrieved and

brought ashore, where persons
performed CPR and took oth-
er resuscitative measures.
McKenzie was then taken
by ambulance to the Rand
Memorial Hospital, where was
pronounced dead at around
Superintendent Rahming
said detectives from the Cen-
tral Detective Unit and East-
ern Division officers are inves-
tigating the incident.

Aft * .

. _. .. -

* CHIEF Inspector Perry Clarke, Inspector Donna Francis and
Chief Superintendant John Ferguson, in charge of the south
eastern division, along with deteective inspector Edward
Demeritte responsible for maintaining law and order and
policing one of the most densely populated residential areas in
(Photo: Felipi Major/Tribune staff)

Police launch

initiatives in

southeast after

rise in crime

Early morning patrols as res-
idents leave their homes and a
more aggressive stop and search
practice have been introduced
in the south eastern division
after'a rise in crime.
The police reported that the
area experienced an increase in
house break-ins and "other
minor crimes" during the first
quarter of 2007
This, the division said,
prompted its crime manage-
ment team to take a more pro-
active approach in fighting
crime and creating a workable
strategy that will yield positive
Subsequent to implementing
a number of new strategies, the
past few weeks have seen the
arrest and charging of eighteen
persons in the area, ranging in
age between 15 and 25, on
house and shop breaking
offences alone.
Also arrested were several
person found in possession of
dangerous drugs, and others
with outstanding warrants of
arrest, said John Ferguson, the

division's Chief Superintendent
of Police.
The south eastern division is
one of the most densely popu-
lated residential and commer-
cial districts of New Providence.
The division credited the use
of the mobile police van in
"high peak crime and drug ped-
alling areas" as being responsi-
ble for the drug-related arrests,
and even for having potentially
put a "major suspected drug
house" in the area "out of busi-
"The use of the police van
was a very successful strategy
as it gave us the opportunity to
he in a particular area for a
longer period. It also allowed
the police to monitor the day-
to-day activities of various com-
munities," said the division.
Drug houses were kept
"under constant surveillance", it
"The officers of the South
Eastern Divsion remain com-
mitted in our pursuit of the
criminal elements in our soci-
ety," said Mr Ferguson.

* NO one from Bradley Robert's Ministry of Works responded
to The Tribune's requests for information

_ M
REELL travel



Praise for Tribune

after homebuyers

begin to receive

ministry go-ahead


PAGE 6, FRIDAY, APRIL 13, 2007


Pictured second from right is top Bahamian female swimmer
Alana Dillette along with from left to right friend Phylicia
Allen, brother Robert Dillette and roommate Katie ulan-
son near the 120-feet tall Power Tower, the grand icon of
Atlaitis' Aquaventure.
(Photo: Joshua Yentis, Blue Wave Imaging))

Top swimmer Alana

Dillette pays visit to

new water park

TOP Bahamian female swimmer Alana Dillellt reiCL'itl1 spent '
the day exploring Atlantis' new 63-acre watersc:ipc. \quCiventuit
on Paradise Island, during a recent trip home in lici spring
break vacation.
Alana, a sophomore at Auburn Universit\ in Alihaimai is pur-
suing a Bachelors degree in hotel and restaurant management
and is due to graduate in 2009.
Alana continues to make the Bahamas proud along \\ ith her
university, where she is a member of the school's swim team.
The outstanding athlete was accompanied by her brother,
Robert Dillette and friends Phylicia Allen and Katie Hanson.
During her visit she was greeted by Atlantis' Rachela Tirelli,
assistant director of public relations.
Alana is currently concentrating on her studies and swim-l
ming of course, as she prepares for the upcoming Pan American
Games in July and qualifying for the 2008 Beijing Olympics.

Port authority

and private firm

to develop 20,000

oceanfront acres

Tribune Freeport Reporter
FREEPORT -- The Grand
BahaUma Port Autihority and
Texterra Dlevelopment 1,1.('
have announced plans to dc el-
op 2,1000i acres of occanflontl
property al Barbalrv Becach.
rl'hi muilli million dollar pro-
Jel. whiichli will be a phased
development ot a mixed use res-
idential and resort communillity,
will consist of a major resort,
casino aS1 d \ achl marina.
The anlnouncemenlt is wel-
coime news for llie depressed
landd Bahanma economy,
which has been struggling to
rehould trom three dle\astat-
ing hurricanes beginning in
Texterra Developmnent LLC,
a Palmh Beach based develop-
mnent company. is the develop-
ilent manager for the new pro-
jectl, which is being undertaken
by the Barbary Bay Develop-
mnent Company Limited
According to a press release
issued bv the Grand Bahama
Port Authority, the Barbary
Bay Development Company
h:ls worked closely with the
government and the iGBPA

Marina, resort and

casino to be included in

mixed use community;

construction to begin

in 2008

"for some time to plan a major
long term investment pro-
grannmme that 1 will further diver-
sify the economy of Grand
Bahama and provide many
opportunities for Bahamians."
'lhe necessary approval has
already been granted by the
government for the investment
in BBDC and the land acquisi-
It is anticipated that con-
struction work on the initial
phase of the development will
begin in 2008.
The focal point of the new
development will be a "super"
vacht marina with associated

retail and residential amenities,
including two new golf courses
with associated residential com-
munities and a resort core.
Detailed design work on the
new development has already
The release stated that a first-
class team of development
experts, including world
renowned land planners Ed
Stone and Associates, have
been retained to create the mas-
tei plan for the new community,
which will further enhance
Grand Bahama's "emerging
reputation as a premier resort
and residential destination."

Dame Ivy gives advice to

women of Scotiabank

BAHAMIAN women must
put their family first, Dame Ivy
'tl)'mont warned a group of
female professionals.
Dame Ivv. the first female
F1\ vernor General of the
Bahamas, \\as delivering a
poignant address to a group of
senior women executives of
Scotiabank Bahamas Limited
and Scotiatrust, all members of
the Scotia Women Connection
(SWC), an internal organisation
designed to facilitate the
advancement of the bank's
Stating tihat \women play var-
ious roles in the home includ-
ing leader, team builder, change
agent, hairdresser, chauffeur,
cook, and purchasing agent -
Dame Ivy warned: "If you
choose to put your job before
vour families then you have a
serious problem.
"You have to be there for
them because in the end when
vou need them most. your fam-
ily will be there for you. so you
owe it to them to be there for
them now."
SWC members convened at
Luciano's of Chicago restaurant
for a delightful breakfast and
listened attentively to the words
of Dame Ivy.
Reminding the executives to
mentor each other, as well as
others they come into contact
with, Diame Ivy added:
"Women have natural and
unique talents. and strong faith.
Let's welcome and applaud the
differences on our teams
because they help make us
stronger and expand our knowl-
edge and skills."
The SWC was formed by the
bank's managing director Min-
na Israel in 2005, in direct
response to the bank's global

* DAME Ivy Dumont

and Catalyst award-winning
Advancement of Women ini-
tiative, designed to ensure that
there is no ceiling to the posi-
tions that women can attain
within Scotiabank organizations.
At Dame Ivy's recommenda-
tion. the bank's senior manager
of marketing and public rela-
tions Debra Wood presented
Frances Ledee, a representative
of the Persis Rodgers Home for
the Aged and recent winner of
the Lady Sassoon Golden Heart
Award, with a financial dona-
Mrs Wood congratulated Mrs
Ledee on her accomplishment
and commended her for the
work she has done in caring for
senior citizens.
This donation comes on the
heals of the bank's donation of
two 15-seater buses to the Eliz-
abeth Estates Children's Home
and its $25,000 scholarship
donation to six "Scotia Schol-
ars" pursuing bachelor degree
programmes at the College of
the Bahamas.

OIn brief

Student from
Exuma tops
junior chef
the LN Coakley High School
in Exuma was the winner of
the junior section of the 15th
annual Young Chef contest
at Queens College.
She scored 650 points
defeating Sainta Louisaint of
AF Adderley, who came in
second with 612 points.
Rose Dany of Spanish
Wells All-age School came
third with 576 points and
Fredericka Mckintosh of S C'
Bootie High School in Abaco
was fourth with 571 points.
Richae Bain of S C
McPherson came in fifth with
518 points while Roshan Pin-
der of Eight-Mile Rock in
Grand Bahama came sixth
with 500 points.
Tatyana Forbes of Bimini
All-age School scored 447
points for seventh place.
Each contestant in the final
was already named the
"Champion young chef" of
their home island in qualify-
ing competitors which began
throughout the islands in ear-
ly February.
The event is organised by
the Ministry of Education in
co-operation with P S Adver-
tising and Public Relations.
The sponsors were Mahat-
ma Rice and Robin Hood
Winners' are awarded
medals and cash prizes of
$300, $200 and $100 for the
top three spots respectively.
All participants receive cer-
tificates and finalists from the
Family Islands, with their
teachers, are flown to Nassau
for the championships and
provided with stipends to
assist with out-of-pocket
Judges for the junior final
were Stan Bocus, owner and
operator of the Buena Vista
Restaurant: Chef Carolyn
Bowe of the Wyndham Hotel
and Chef Missick of the Cen-
tral Bank.
Chef Missick speaking for
the judges complimented all
the contestants: "I would con-
gratulate you all. You have
obviously practised hard and
some of the dishes you pro-
duced in the short space of
two hours allowed for the
competition were very imag-
"We were particularly
pleased to see that you are
using more indigenous prod-
ucts in your recipes and we
hope that you will continue
and enter the senior compe-
tition in future years," he

FINANCIAL businesses
flocking to Bermuda are
transforming the skyline of
the tiny capital, alarming
preservationists who fear a
loss of the island's colonial
charm, accordiii lii .t .sso'i- -

Several new building pro-
jects skyscrapers for 1 Hamil-
ton at eight or nine stories -
have won exemptions from
height limits meant to pre-
serve the scale of a city dom-
inated by a 200-foot cathe-
dral tower. A 10-store' office
building approved last month
will be the tallest in Bermuda.
The facelilt is a sign of the
British territory's shift from
sleepy vacation spot to glob-
al financial hub. Since the late
I OSt~s, thousands of firms
have been lured Ito Bermuda
by its reputlalion as a politi-
cally stable, low-tax haven.
The harbourfront office
complex, featuring 122.t))000
square feet of office and retail
space. was initially capped at
five stories. But the emn iron-

inent minister approved an
appeal loml S\\wan. a former
premier, and the Iull-si/e
development is slated to open
b\ 2010.

- --------- --

The Orchid and Horticultural Societies of the Bahamas ,

"'Sara's Garden"

Satur( l-y,. ArI n 1-1 h, 2007 1 p IT 7 p iil Sunday Api l 15. 2007 2 p.m. 6 p.m.
Admission $5.00 Children under 12 $3.00 Queen's College Auditorium, Village Road

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I fso, call us on ..i -l )8 -l--. /
an11d share LVour storyv.

h: -..

,i'hh. I

FRIDAY, APRIL 13, 2007, PAGE 7


*W, P4

OIn brief

detectives to
assist World Cup
murder case

TWO Pakistani detectives
are helping investigate the
mysterious murder of the
country's World Cup cricket
coach after Jamaican police
failed to make a break-
through after more than three
weeks, a security official said
Wednesday, according to
Associated Press.
The Pakistani investigators
arrived in the capital of
Kingston on Monday to help
solve the murder of Bob
Woolmer, who was found
strangled a day after his
squad was ousted from the
sport's premier tournament,
said Gilbert Scott, permanent
secretary in Jamaica's Min-
istry of National Security.
"They will be here for as
long as it takes," Scott told
The Associated Press. They
came at the request of the
Caribbean island's govern-
ment, he added.
The detectives join four
Scotland Yard investigators
and two forensic experts from
Interpol, the France-based
international police agency,
who have been aiding in the
probe for about two weeks.
Woolmer, 58, died March
18, a day after his power-
house squad was upset by Ire-
land. A Jamaican pathologist
initially ruled his death
"inconclusive," but four days
later announced Woolmer
was strangled.
Mark Shields, Jamaica's
deputy police commissioner,
has said the foreign investi-
gators would help with DNA
analysis and also examine
theories that Woolmer, Pak-
istan's coach since 2004, may
have been poisoned before
he was strangled.
Authorities are still await-
ing toxicology reports.

Heavy storms cause outage in

cable and internet services

TV and Internet service to a
number of Cable Bahamas cus-
tomers was disrupted on
Wednesday following the heavy
storms in the early hours of that
While the television outage -
which impacted around 30
channels throughout the day -
was said to have been directly
precipitated by the power
surges from the storm, the
Internet failures may have sim-
ply been a coincidental occur-
rence except in the case of

those whose modems were
"fried" by the power surges,
said director of marketing and
pay per view, David Burrows.
Customers alerted The Tri-
bune to the service shortfalls
yesterday, complaining that
attempts to reach a "human
voice" at Cable Bahamas cus-
tomer service line were tire-
some and lengthy.
One customer said that when
she did get through, an operator
pointed out that the company
had been experiencing "major

problems" since the sitoru.
For this reason, a number of
customers whose modems were
impacted by the power surges in
the early hours of Wednesday
then went on to find that even
once they replaced the unit.
their Internet was still off-line.
Explaining the digital televi-
sion shutdown, Mr Burrows
said that following the slornis
and their damaging elect on
Cable Bahamas equipment, theI
company experienced a "cas
cade effect."

"As we got one piece of
equipment repaired, another
piece of equipment would go
out as a result." he explained.
Mr Burrows said that a
"major reconfiguration" was
carried out on Wednesday
afternoon around 3pm, and
again yesterday morning.
It was after these attempts
that the digital television ser-
vice came back online.
However, at press time yes-
tlordy Mr Burrows said that
liilerlict was still down for many

Cable Bahamas customers.
Nonetheless, the company
director was confident that sei -
vices would be resumed that
"We live in a technical world
it's definitely a fluke thing, it
not something that's common
to our network," said Mr Bui -
A number of heavy thunder-
storms like those which took
place early Wednesday morn
ing have been predicted
through the weekend.

Homes and businesses in Grand Bahama lose internet

interruption in Internet services
at Cable Bahamas affected
many subscribers in the busi-
nesses, commercial and resi-
dential sectors throughout

Grand Bahama on Thursday.
A Cable Bahamas executive
confirmed that the company
was experiencing technical dif-
ficulties with its Internet ser-
vice, which is vital to many

financial institutions and lbusi-
nesses on the island.
When contacted by The Tri-
bune sometime after 2.30lpilm.
Keith Wisdom, public riClaiicins
official for the company in Nas-

s;uli. was unable to say what had business hours between 9am to
caused thlie interruption. 3pm.
Man\ businesses were Despite committing to do so,
c,.'(-' imnlpacted as a result Mr Wisdom did not contact The
ol hle I',i option in service, Tribune with further informa-
x hich CI tc red during peak tion up to press-time yesterday.

Candlelight vigil held for lost Haitians

THE Bahamas Human
Rights Network held a candle-
light vigil in Rawson Square on
Saturday evening to remember
the 10 Haitians who drowned
near Exuma last month, as well
as the five who died this past
week at Eight Mile Rock..
"For years our Haitian broth-
ers and sisters have braved
treacherous seas in an attempt
to find a better way of life for
themselves and their friends and
relatives who remain in the
Republic of Haiti," said
Elsworth Johnson, acting pres-
ident for BHRN. "This gather-
ing tonight symbolises two
things, one of which is to
remember those individuals
who have perished over the
years and secondly to make a
national and international call
for a more humane response to
the plight of our Haitian broth-
ers and sisters."
Last month, 10 Haitian
migrants drowned off the shores
of Exuma when they were
forced to jump off the boat that
had brought them to the
Bahamas and swim to shore.
Last week, the bodies of five
more Haitians were recovered
near Eight Mile Rock, Grand
Bahama following an ill-fated
attempt to smuggle a group of
illegal migrants from the
Bahamas to the United States.
"BHRN therefore extends its
sympathy to the families of
those who perished and our
commitment to continue to
work for the betterment of our
Haitian brothers and sisters,"
said Mr Johnson.
The candlelight vigil came on
the heels of public comments
by US Ambassador John
Rood's expressing disbelief at
the lack of public outrage over
the Exuma drownings.
"I can't believe that ten
Haitians were basically thrown

out of a boat and drowned and
there hasn't been outrage," said
Mr Rood. "Can you imagine if
10 Americans were pushed off a
boat and drowned, what the
response would be'?"
"We call on all governments
and international institutions to
stop their discriminating poli-
cies toward Haiti," said John-
Last week, BHRN issued a
statement calling upon the
Bahamian government to exer-
cise its international influence
on the Inter-American Devel-
opment Bank (IDB), the Inter-
national Monetary Fund (IMF),
the World Bank, and other
international lending agencies
to immediately and complete-
ly cancel Haiti's debts to their
respective institutions.
The IMF gave debt relief to
Haiti in 2006 by approving it
for participation in its Heavily
Indebted Poor Countries Ini-
tiative (HIPC) which would
apply to its debt with both the
IMF and the World Bank.
The HIPC process is contin-
gent upon Haiti's compliance
with specific conditions that
would take until 2009 to come
to fruition.
Last month, the Board of
Governors of the IDB approved
100 per cent debt relief for
Haiti, which would also hang
on Haiti's compliance with the
While acknowledging that
such efforts are a step in the
right direction, BHRN has
repeatedly expressed concern
that the process is moving too
"Haiti's continued economic
distress over the next two or
more years will have dire con-
sequences for the Haitian peo-
ple as they wait for the process
. . to reach completion to
become eligible for 100 per cent

GN 484

The Montreal Protocol Act, 2006, requires all Refrigeration and
Air-conditioning technicians to possess

To facilitate this process,
advises that
The Representatives Of The National Ozone Unit
will be on the islands of Abaco, Eleuthera, Exuma and Grand Bahama on the
following dates and times:

George Town, Exuma
Marsh Harbour, Abaco
Govenor's Harbour, Eleuthera
Freeport, Grand Bahama

April 11th, 2007
April 25th, 2007
April 26th, 2007
April 27th, 2007


at the Department of Environmental Health Services Office, to register
Technicians are required to bring along the following:
1. Drivers license;
2. National Insurance card;
3. Passport or valid voter's card and
4. Certification documents.

For more information, please contact the National Ozone Unit, Best Commission
in Nassau at 322-4546; 356-3067 and 322-2576.

cancellation. M ealc;i, il t, I .lii
will continue I(t pa\ (>()u llia1n4
per vear to sci \ r ce us J,1LII
monel y \ tliat .\oildt beh Ie 'c.eI
spent tackling I laiti'\ die' liieh ll
and education prUbli'ms.'
"I'd say that debt relief is
ver y important I'or Hili
because the Haitian people are
in dire need of basic infra-
structure and security so tlhii
they can begin down the road
to a stable and sustaining eco-
nomic model," explained 'Tan-
ico Gilbert, a BHRN member
who participated in the ligil.
"It is a basic human right to
have a fair chance at recei\ ing
an education, healthcare and a
life that is free from thile lear
of everyday violence that is
rooted in economic and politi-
cal strife."
BHRN pointed out that fail-
ire to address this problem of
Haitian debt -will result in the
continued flight of iltlimn
migrants to neighbors icoi'ii
tries such as the )Dominic:an

* THE vigil in Rawson Square

Republic. Turks and Caicos, the
Bahamas and the United
I lie group also emphasised
the importance of the Haitian's
living outside of Haiti to the
efforts to resolve the country's
economic and political prob-
Speaking in Haitian Creole.
I ticiIn Emmanuel, a former
la\\ student attending the vigil,

exhorted the Haitian commu-
nity "to put local pressure on
international powers to relieve
Haitian debt. Taking this step to
improve the situation in Haiti
would diminish the need for our
people to migrate to the
Bahamas. Haitians need to
engage in unity and put aside
their differences, regardless
where they are in the diaspora,
for a better Haiti."

l -Way
of things we
think, say or do
1. Is it the TRUTH?
2.Is it FAIR to all
3. Will it build
4. Will it be
all concerned?


Integration of Strength and Beauty

Standard cab

4. T,.

Long Be 1'4'Body (Box)

The Bahamas Environment, Science
and Technology Commission







has nothing to

1t; Jl,
ajbah inia@hotmail.com

S INCE the PLP's electoral
victory in 2002, Bahamian
crowit-.ad has been given awayv
for a ijrptull of shiny beads.
The governing party's ill-
advised economic model-
anchor projects-has been a bust.
has ,idS jl nothing tangible thus
far ar t has failed to cater to the
entrepreneurial spirit of enter-



prising Bahamians who may not
be in their clique.
The government's economic
misadventure, anchor projects,
appear to be just that---anchored
like a boat that gets untied from

U I B S 0 N

a dock ala lhen dliops its anchor
w without i;; eliliiig :ix \ here.
For the ieosit art. the anchor
pir lect rush llho ghoi t ilt l Villn-
ily Islandls hl a\ il \ foc ses on llie
crealton of ineig-I I L sidlenial gat-
ed conitliillinl s loti the tlltia-rich,
rather thl n Ill n scale resol t
propel ites..
Ree mll\. lie gois c liuig par-
t\"s chief ol paga lh s layarllld
Iligby claimed that the aiuotiiut
of loreiign iinv'estlinilt attllracted
bl' the go\ci linelll t bilween Mav.
2002. andd tlie present lolals well
in cCesNs oIl V l billion, and some
$1.' billion aIe at ,ariots stages of
dc'\Chliir lil W il \1 il ul 1 b il-
lion alh:itlv in the 't,.niiltd.
W ell I iuss bliul brillng
out lthe [ iioeiilUiisL a i lRigbxy!
lor Soinll' S.' l Illio ll 0 in olt nit'n1
in\ CestNlinlt't i is \ cl \' little to
While the i' ciierintieilt shouts
fromll te iullitlllain tops that it
has alirancted so many billions.
Bahamians should kino\w that
most of these deals may not blos-
soin for e.notlhei 'l vCeals.
The ieCmlt lanld in\ eai\\ay' l
the cuLI ten ltgio\eCl uelilt has becin.
in some cises, to se\cral carpet-
bagger deve lopis Nwhl are inoi e
coinpIaIable h' land ailverltiseis.
as the tnloi't li\Ce lthe inliies
and nmust search lor linlanciers
and/or eami capital tiom selling
lots Ilo ilnn reil's ol IholMsanlds
of dollar'
In stmli' III'tin esCC It appeals
that laihanlmiiii emis\\n land hlas
been gi\clln a\\,i\ l0 .t I pieces of
sil\ e t lo i i .1 l ti .'. ,- I e ;
\\ ot I \ 1,' t I.'l' niil eI t i d\ 'ins i
Si co n ie i !o n ) l,' l iii
resoI l 'I t'-,l.i 11 'n i t li s.
1rh k 'i ,." Iu1 ika!\ay
ien i l,, nIl-' ti l!H \\ ,i ailing
on a COIPLi ill the iniddle of the
summer and giving as ayv ripe,
juicy lnaltgoes tinow honestly.
who wouldn't take it?' The gov-

ernment's wholesale sell-out of
beachfront property will soon
leave Bahamians without any
accessible sandy beaches--and
trust me, rock isn't sand!
The fire sale of 10,000 acres
of crown land in Mayaguana for
roughly $300 an acre was bar-
baric. Every right-thinking
Blahamian would want to see the
development of their country, but
Balhamians were raped of their
patrimony when the land grab in
Mavaguana was approved.
Today, with a 10,000-acre res-
idential development being pro-
posed by the I-Group, the eco-
logical, demographic, societal and
cultural setting of Mayaguana
may be ruined forever.
When a government gives
approximately three quarters of
an island to one investor for next
to nothing, questions arise as to
capacity of the government nego-
tiators that sat around the bar-
gaining table.
If the present government
were to win another five-year
term and continues to pursue
their foolhardy anchor project
scheme, the Bahamas could be
Sadly, our government has
essentially given away thousands
of acres of Family Island prop-
erties to land promoters who
either sells the lots or turn them
into second homes for foreign
It is baffling to see that the
government has signed several
backroom deals (Heads of
Agreement) that gives away
crown land and fire-sale conces-
sions, but remain shrouded in
mystery as they have yet to be
publicly disseminated.
It always amazes me how
quick successive governments
mo e to finalise agreements for
crown land with foreigners, but
would take ages for Bahamians
seeking, the same! At the opening
ol the Fxuma Business Outlook
in ?000. Fourism Minister Obie

Wilchcombe said that Bahami-
ans must become owners and
operators of the country's
tourism plant and ancillary busi-
nesses, rather than merely be
workers. While Mr Wilchcombe's
message is creditable, his notion
can only come to fruition when
worthwhile concessions are made
available to entrepreneurial
Bahamians on a scale compara-
ble to foreign investors.
In five years, why hasn't the
PLP promoted the diversification
of our economy by focusing on
supplementary industries such as
farming, fishing, light manufac-
turing and other service indus-

n an address to the Rotary
Club of Lucaya in 2006,
former Governor of the Central
Bank Julian Francis questioned
whether the tourism model could
sustain the Bahamian economy
in the future, suggesting that the
Bahamas' economy is presently
in need of diversification.
Mr Francis said that Bahami-
ans in general should be con-
cerned about the failure to diver-
sify, which he said is the greatest
problem The Bahamas faces
today! Any future government
should take note.
The PLP has practically giv-
en away a hotel and hundreds of
acres of publicly-owned prime
land on Cable Beach, and all I've
seen thus far is a fancy visual rep-
resentation of Bahamar's dreams
that was repetitiously paraded on
Apart from the Crown land
agreement, why haven't copies
of the agreements signed
between Bahamar and the Hotel
Corporation and the Treasury of
the Bahamas been made public-
what is the state secret?
Having seen the elaborate
model for the development that
Bahamar promoted nearly two
years ago, today when I am dri-

ving on Cable Beach it is almost
laughable to see the lack of
progress, as all I see is about 40
trailers on the side of the road,
presumably with construction
material for restoration work.
Bahamians are becoming fed
up with seeing this government
incessantly signing papers with-
out anything observable being on
the ground, giving the impres-
sion that they are merely cutting
movies to fool the public.
When the FNM were in gov-
ernment, the PLP accused them
of selling the Bahamas and criti-
cised them for giving concessions
to foreigners. Sol Kerzner, now a
hero to the current government,
was effectively used as a bogey-
man against the FNM govern-
ment when the PLP were in
Paul Adderley, the deputy to
the Governor General, wrote
threatening letters to Mr Kerzn-
er, stating that the agreement to
establish Atlantis was "so bad,
so exploitive-that every
Bahamian, including those who
still support the Prime Minister,
together with the international
finance community, would
applaud a renegotiation".
Where is Mr Adderley's voice
now, and why hasn't he spoken
out against the land giveaways,
and the plethora of concessions
given by the PLP? Why hasn't
Mr Adderley urged his govern-
ment to 'declassify' signed agree-
ments, exposing the hidden,
secret clauses?
It is striking that members of
the current Cabinet, who once
accused the FNM of selling the
country out to foreigners, see for-
eign developers today as the best
thing since sliced bread.
Thus far, the Christie admin-
istration's development model
has been the greatest snatch of
Bahamian land in our history
and, sadly, there is not one
verifiable investment to show for

Bethel Brothers Morticians
Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026


of West Street and formerly
L of Laganave, Haiti will be held
on Monday 1:00 p.m. at
Evangelical Baptist Church,
Blue Hill Road and Tint Shop
Coriler. Rev. Maleus Philippe will officiate.
Interment will be made in Southern Cemetery.
Spike nard Road
She is survived by her mother, Elmitte Antoine;
father, Dieufils Louis; sister, Carline Antoine;
brotIy, Youken Leger; aunt, Marline Emmanuel:
uncles, Hyppolite, Yvon and Enick Antoine, and
a hotk of other relatives and friends including,
Lafontaine Michel

Frienis may pay their last respects at Bethel
Brothers Morticians #44 Nassau Street on Saturday
fronj0:00 a.m. to 6:00 p.m. and on Monday at
the church from 11:30 a .m. until service time.

MILLIONS in the world may face
the threat of hunger in a few decades
due to global climate changes, but the
Bahamas and Caribbean face more
immediate climate threats, a Ministry
of Tourism official said.
Last \week, the United Nations' latest
report on climate change pointed to a
possible food shortage for 130 million
people by 2050 due to warming tem-
The 1,572 page report from the
Intergovernmental Panel on Climate
Change (IPCC) suggests that a 3.6
degree rise in mean air temperature
could decrease rain-fed rice produc- 0 ARTHI
tion in China by five per cent and just director of
less than 10 per cent in Bangladesh. Meteorolo
Meanwhile, wheat yields could dimin- Services
ish bv a third by 2050, the report said.
The Bahamas and the Caribbean are already deal-
ing with the effects of climate change according to
Earlston McPhee, director of sustainable develop-
ment in the Ministry of Tourism.
Mr McPhee pointed out that climatologists and
meteorologists have linked the steady rise in global
temperatures to more frequent occurrences of hur-
ricanes. Furthermore, the hurricanes are becoming
more intense in scale, he said.
"We are located in a region that must grapple
with hurricanes and their effects on a yearly basis for
six nionths of the year," Mr McPhee said. "We can-
not ignore the situation, and we must be prepared to
deal with whatever might come our way."
According to the Adapting to Climate Change
in the Caribbean Project (ACCCP), small island
states have almost no effect on climate change since
they account for only one per cent of the gas emis-
sions that the overwhelming majority of scientists
believe contribute to global warming.


Developing states account for 25 per
cent, while the world's industrial powers
produce more than 50 per cent of these
"The experts are saying that small
island states and low-lying coastal states
have contributed little to global warm-
ing, but we are among the most vulner-
able to its effects," Mr McPhee said.
"We have no control over it, but we are
forced to implement appropriate adap-
tation strategies to ensure that we sur-
In response to the calls to adapt to
global warming, the Ministry of Tourism
ROLLE, has organised a public seminar on cli-
ahamas mate change. The seminar, "Climate
cal change hurricanes and adaptation
strategies for the Bahamas," will be pre-
sented free of charge on April 17 from
6pm to 8pm at British Colonial Hilton.
Several Bahamians and international experts have
been enlisted to clarify the country's position on
the issue and explain what steps Bahamians can
take to prepare for the effects of climate change.
Among them is Arthur Rolle, director of Bahamas
Meteorological Services.
He will speak on. "Climate change and the
Bahamas: the Bahamian perspective".
Mr Rolle is the permanent representative of the
Bahamas to the World Meteorological Organisa-
tion (WMO) and serves as chairman of the nation-
al climate change committee of the Bahamas Envi-
ronment, Science and Technology (BEST) Com-
Other presenters at the seminar are: Carl Smith,
interim director of NEMA: Craig Delancy of the
Ministry of Works, and former directors of the
National Hurricane Centre in Miami Dr Bob Sheets
and Dr Max Mayfield.

.t* .. dTi

ow for land giveaway

Climate change 'may bring threat of hunger'

r-t-\UF 0, 1 I -Il,

i r IT S

M im r. ,...AY --,,m,,.^.,., .

FRIDAY, APRIL 13, 2007, PAGE 9

Daniel Smith


FROM page one

effort to ensure jury impar-
tiality in light of the wide
media publicity given to the
case. Stern's attorneys are
also concerned that the
Coroner's Act does not allow
for potential jurors to be
selected from a wide enough
representative base.
Although a hearing before
Justice John Lyons on the
constitutional motion had
been scheduled for 11 am
yesterday the matter did not
get underway until shortly
after noon. Attorney Wayne
Munroe was not present at
the commencement of pro-
ceedings because he was
engaged in a matter before
the Court of Appeal. Mr
Munroe did appear, howev-
er, just as the judge appeared
set to strike out the motion.
Mr Munroe was asked to
explain why he had not sub-
mitted an affidavit and the
relevant authorities support-
ing the motion he had filed.
Mr Munroe said that the
matter had been listed for a
hearing with no intervention
by himself.
Justice Lyons yesterday
expressed his concern about
judicial officers speaking to
the media on matters that
they are involved in. This
came as a result of a teaser
he said he had seen of an
interview on the Internet
with the Chief Magistrate
who appeared to be speak-
ing about the inquest. The
judge noted that he had not
seen the whole interview but
said that he was concerned
as he was not acquainted
with the practice of judicial
officers giving interviews to
the media about matters in
which they were involved. "I
have a general supervisory
power and it can be executed
no matter how the matter
comes to my attention," he
"We aren't all here to
make headlines. We are here
to do justice," Justice Lyons
said. Both Mr Munroe and
Mr Turner said that they
would try to find out whether
the interview did concern the
Mr Turner said that when
he appears before Magistrate
Gomez on Tuesday he will
ask that the matter be
adjourned beyond May 22.
The inquest into the
death of Anna Nicole Smith's
20-year-old son Daniel came
to a standstill some two
weeks ago when lawyers for
Howard K Stern called the
constitutionality of the Coro-
ner's Court into question.
Daniel Smith died Septem-
ber 10 while he was visiting
his mother, the late Anna
Nicole Smith, three days
after she gave birth to her
daughter, Dannielynn. A sev-
en member all woman jury
has already been selected to
hear testimony at the inquest.

BDM candidate pledges to give half of

his MP's salary to constituency if elected

Tribune Staff Reporter __ __
THE BDM's candidate for Englerston
has pledged that if elected he will give half
of his member of parliament's salary to his
constituency for at least one year.
Cortez Turner said he has been living
in Englerston since 1984 and none of the
political parties has done anything for the
Mr Turner said that's the reason why
he wants to represent the people in the
On Tuesday, the Bahamas Democratic
Movement announced that it will be
running 19 candidates in the Nay 2

FROM page one COl

top end," he said. ,,Yu
At the end of last year, police Yo
officers in charge of the case had rcadin
said that an interim report would because
be delivered to Housing Minis- book," cause
ter Neville Wisdom shortly. hook,"
On Monday, however, the politician
contractor expressed his disap- politician
pointment in how long it has tak- we can t
en police to deliver a report on proofwe can
the matter, claiming that he proof inge
believes that they are "afraid" to change
do so, given what he considers 'mange
might be potentially huge political unwilling
repercussions. some ofI
"To see what the law in our claimed
country has come down to 1 cThe c
disapprove, it's distasteful, it's just on wha
not fair. And, yes. I am a bit dis- tho
appointed in that area," said the the it e
source. determil
"You can give all the evidence,
you can have all the proof. This in his oF
thing is political," he claimed. (will nough
For the contractor, the fact (will no
that a particular housing official, they mi
accused by several contractors, is evidence
still in his job, rather than on sus- Al02 th
pension until after the investiga- what he
tion, is a good indicator that what hr
"nothing's going to happen." where inistr
The contractor said that where ir
although he had held out hope of him to
a positive conclusion, the lack of upcomi
outcome thus far in the investi- it's
gation is in line with his gut for s our
instinct about the direction it hem tor
would take.

FROM page one

era, so I yelled to a car passing by if they
camera, and the passenger ran to her car an
out her digital camera," according to the e-n
"Boldly, I went to the car, took the picture
licence plate, and the licence disc. The car is
tered to the Ministry of Transport," according
e-mail. It gave the licence plate number.of tl
The car's licence, as seen in the photograph
lished on the site, expired a month ago.

FROM page one

the young girl was taken to bush-
es just off the airport road, where
she was held for almost four days
while her kidnapper sexually
molested her.
Supt Miller said thp girl was
eventually released, and from
that time, the police have wanted
to question Poitier about the inci-
Poitier was also sought by the
police for questioning in an
assault complaint that was made
by a relative of his in September

general election.
The young political party presented its
slate of candidates to the media at its head-
quarters on Marathon Road.
BDM leader Cassius Stuart told his
members that they were not here to play
politics or to get fat off the backs of
"We are here for one purpose only, and
that's to secure the future of the next gen-
eration of Bahamians." Mr Stuart said.
He said that even though the Progressive
Liberal Party and the Free National Move-
ment had more campaign money than the
BDM, they had something that both parties
"We have character. We have integrity


u can infer when you're
a book, you can infer the
on while you're reading it,
of the context clue in the
ie said.
you've got to cover any
n's back then you're going
at, and we can speculate,
talk, we can have all the
the world it just wouldn't
it, the only thing is to
the government."
not saying the police are
g to deal with it. I think
the police are afraid," he

contractor said that based
t he has heard so far in
dia, and the amount of
has taken for any final
nation to be announced,
pinion, the police will "go
with the investigation but
it) charge, even though
ght have overwhelming
iough he voted PLP in the
action, the source said that
has seen occur within the
v of Housing, and else-
" government, has spurred
vote for the FNM in the
ig polls.
iant this thing to change,
y for our kids. it's scar\'
country. I don't walnt
i suffer because certain

ainA the willingness to fight this uphill bat-
lie," Mr Stuart said.
The BDM leader said that his party has
heen the only political group in the country
that has suggested solutions and debated
on real issues for the past seven years.
Mr Stuart also guaranteed that his party
will win nineteen seats in the election.
Yesterday, Cortez Turner told The Tri-
bune that he wants to create a much need-
ed aftercare school programme for Engler-
ston youth.
"So that they can have a place to do
research and become computer literate,"
he said.
Mr Turner said he wants to create a
scholarship fund for youth who can't afford

political figures say cover my
friend, cover my colleague," he
"You've got to go with sound
wisdom, and what I saw going on
-- all around was getting short
changed," he added.
In his opinion there are too
many "unaccountable and
unquestionable" individuals deal-
ing with millions of dollars of tax
payer's money within government
"We need this to be able to
effect change, because we're
going to have other young people
who are coming into this society
who are going to end up in this
same predicament."
The investigation into allega-
tions of corruption in the Min-
istry of Housing was launched in
November, at the request of
Housing Minister Neville Wis-
dom, after The Tribune published
nunimerous complaints.
Allegations were made by sev-
eral contractors that, among oth-
er questionable acts, some per-
sons in the employ of the Min-
istry of Housing were extracting
bribes from contractors at all
stages of the construction process.
This left them severely short-
changed and in many cases forced
theCni to cut corners on the quali-
ty of their product. to the detri-
ment of low-income individuals
who had entered into mortgages
to purchase a government low
cost house.

Photos claim
The reader said that such behaviour must stop,
and called, "upon the Minister of Transport to
explain this action to the Bahamian people and
assure me that it will not happen no more."
Attempts to contact Transport and A\iation Min-
ister Glenys Hanna Martin yesterday for comment
were unsuccessful.
Permanent Secretary Archie Nairn said the inci-
dent would have to be investigated.

The police said there are a
number of other matters in which
Poitier is a suspect.
The police also reported that
on Wednesday night CDUt offi-
cers were patrolling the Podoleo
Street area when a man was seen
acting suspiciously.
The police report said that the
man fled on foot on seeing the
police. The officers gave chase.
The report said that the man
was caught and officers recov-
ered an imitation hand gun.
A 17-year-old boy was arrested

and is now in police custody.
In addition, the police report
said that Drig Enforcement Unit
officers executed a search war-
rant at a Pinewood Gardens
home around 4am on Thursday.
It was reported that officers
found several packages of mari-
juana in a knapsack weighing 17
A 31-year-old man and a 25-
year-old woman are in custody
in connection with this matter.
According to the police report,
it is likely that these individuals
will appear in court as early as

YIr _yuew tt

a tertiary education at the College of the
Bahamas, and he intends to start a proper
crime watch programme in the area
because one is badly needed.
He said that over the past few months
there have been a number of shootings in
the area.
And, he said, the problem is that both
political parties have done nothing tangible
in the area to tackle crime.
As a member of parliament, Mr Turner
said he will seek to clean up Englerston,
pave roads, and move derelict vehicles and
old buildings.
Mr Turner said he wishes for Engler-
ston to be a truly urban renewal gem of the
over-the-hill area.

Businessman killed

FROM page one
Two persons one believed to be a young businessman in
Freeport are understood to be assisting police with their investi-
gations into the homicide, the fifth for the year on the island.
The murder count for 2007 now stands at 26, the 25th victim,
Achara McPhee, having died in hospital on Thursday. He was
reportedly shot by a masked man last Friday.
Police say that if the murder rate continues at its current pace, the
count for the year could reach an all-time high of 80.
According to police reports, an unknown assailant shot Mr Var-
doulis multiples times as he arrived home around 1.20am on Thurs-
day. He died at the scene.
Chief Supt Basil Rahming said Mr Vardoulis had pulled up to the
electric gate at his residence on Bahama Reef Boulevard in his
burgundy-coloured Chevy Impala, licence 25360, when a gunman
opened fired on him.
The culprit fled the scene.
A number of distraught familN members and close friends had
gathered at the scene following the shooting.
Mr Rahming said police retrieved a number of spent bullet casings
at the scene.
Mr Vardoulis, who comes from a prominent family, was a well-
known person in Grand Bahama. His death has shocked many res-
Mr Vardoulis is survived by his wife, Sally Vardoulis, nee Foun-
tain, who is expecting their second child.
Supt Rahming said the motive for the killing is still unknown
and officers from the Central Detective Unit have launched an
intense investigation.

FROM page one
'The warning as initially issued
for the islands of Andros, the
Berry Islands and Eleuthera was
later updated to include New
"Basically what you have is
people panicking after we issued
a severe thunderstorm warning
for a system that (was) rapidly
moving towards us." he said.
Mr Dean also emphasised that
tornados generally cannot be pre-
dicted ahead of time and that
meteorologists are only able to
classify them as such after they
have occurred.
He added that the weather
event, which severely damaged
at least 10 homes in North
Andros and completely destroyed
others, has not vet been deter-
mined to have been a tornado.
Mr Dean said that winds pro-
duced by severe thunderstorms
can reach speeds of up to 50 mph
and can cause the same kind of .
damage as was witnessed in
North Andros.
Following the release of the
warning by the Meteorology
Department yesterday afternoon
The Tribune was inundated with
calls by panicked people who
were trying to find out where and


when the tornado would hit and
what they could do to prepare
Several public offices and busi-
ness, including the majority of
stores at the Mall-of-Marathon,
closed down to allow their
employees to reach the safety of
their own homes before any
potential tornado could hit.
An e-mail of unknown origin
circulating yesterday afternoon
also fueled the panic by telling
people to get off the streets by
Chief Meteorological Officer
Dean said that the e-mail "defi-
nitely did not" emanate from his
department and that meteorolo-
gy officials were currently in the
process of determining the author
of the online warning.
Following the passing of yes-
terday's storm system, Mr Dean
said, the Bahamas should not see
any inclement weather until ear-
ly next week.
Mr Dean said that a second
weather front is expected to pass
through the islands sometime late
Sunday or early Monday morn-


Our NASSAU Offices


AT 2:30PM ON


Our Freeport, Abaco and Exuma Offices
will remain open until 5:00pm

Regular Office hours for
ALL Branches will resume
Monday, 16th April, 2007

We apologize for any
inconvenience caused





PAGE 10, FRIDAY, APRIL 13, 2007


APRIL 13, 2007

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

Issues Round- Washington McLaughlln Are You Being MaytoDecem- The Vicar of Di- Fawlty Towers
* WPBT table discussion. Week (N) Group N) (CC) Served? Agalnl berAlec be- bley "Autumn" Manuel's pet rat
(CC) comes jealous. n (CC) escapes.
The Insider (N) Ghost Whisperer Melinda meets a Shark "Teacher's Pet" Stark prose- NUMB3RS "Hardball" Don and his
SWFOR A (CC) confused ghost who says he is cutes the murder of a widely reviled team investigate a minor-league
buried in the wrong grave. (CC) real-estate developer. (CC) baseball player's death.
SAccess Holly- Identity Contestants try to identify Raines "5th Step" Raines looks into Law & Order "Talking Points" A col-
W TVJ wood (N) (CC) 12 strangers to win $500,000. (N) the death of a fnend's wife. (N) f lege student is killed during a ques-
SCC) (CC) tion-and-answer session.
Deco Drive ** WHITE CHICKS (2004, Comedy) Shawn Wayans, Marlon Wayans, News (CC)
WSVN Jaime King. Premiere. Two male FBI agents pose as female socialites.
n (CC)
Jeopardyl (N) Grey's Anatomy "Every Moment :01) Wife Swap "BoydlMilorey" n 20/20 (CC)
SWPLG (CC) Counts" Memorable moments from CC
"' the past three seasons.
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CBC TBA. (Live) (CC)
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C lURT Cops A slow- Video Justice Video Justice Forensic Files Forensic Files The Wrong Man? "A Question of
T speed pursuit. Time" (N)
The Suite Life of Hannah Mon- Cory in the ** BIG FAT LIAR (2002, Comedy) Frankie Muniz, (:35) BIG
DISN Zack & Cody tana House "Mall of Paul Giamatti. A teen goes after the Hollywood bigwig FAT LIAR (2002)
French visitor. Confusion" (N) who stole his story. ( 'PG' (CC) 'PG'(CC)
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wood Story n (CC) Spears. (CC) (N) Cohen
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EPNI Fuera de Juego lights (N) (N) tion (Live)
E N Dally Mass: Our The World Over Life Is Worth Holy Rosary Defending Life Voices on Virtue
E Lady LivingI
T Shape Ice Diaries A skater competes Ice Diaries "Kiss and Cry" Alissa Fit Family "Italian Actors' Italian ac-
1FT TV Pump/Pilates" against international stars. (CC) competes in Skate Canada. (CC) tors. (CC)
FOXNC Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
FOX-NC Shepard Smith Susteren (Live) (CC)
FSNFL MLB Baseball Florida Marlins at Atlanta Braves. From Tumr Field in Atlanta. (Live) The FSN Final
FSNFL IScore (Live)
(GL 6:30) LPGA Golf Ginn Clubs & Re- PGA Golf Verizon Heritage -- Second Round. From Harbour Town Golf Links in Hilton Head I
GOLF sorts Open -- Second Round. Island, S.C. (CC)
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HALL exas Ranger mission to catch a killer uncovers a Hines, James Remar. Unemployed adman educates iffy Army recruits.
(CC) robbery plot. (CC) (CC)
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a stray cat. Claire's ex. Wife, Please Ruby's teacher. One Proposes" "Working Gir'" (CC)
Still Standing Reba "Fight or Reba Reba reluc- WHEN SECRETS KILL (1997, Drama) Gregory Harrison, Roxanne Hart,
LIFE "Still Shoplifting" Flight" ,) (CC) tantlygoes on a Timothy Busfield. A man is suspected of killing his adopted child's mother.
nt (CC) blind date. (CC) [
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MSNBCmann Mexico. mi' Miami prisons.
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_NTV Bum Rate" (N) 12 strangers to win $500,000. _
:P00) Trackside Survival of the NASCAR Racing Nextel Cup -- Samsung 500 Qualifying. From Texas SPEED Road
SPEED t,,, (Live) Fastest Motor Speedway in Fort Worth, Texas. Tour Challenge
Primary Focus Behind the The Hal Lindsey Joel Osteen Dr. Frederick K. Praise the Lord (CC)
TBN Scenes (CC) Report (CC) Price (CC)
MLB Baseball Florida Marlins at Atlanta Braves. From Turner Field in Atlanta. (Subject to Blackout) (Live) (CC) Friends Rachel
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ment. f (CC)
Take Home Chef Wild Weddings "Murphy's Law of What Not to Wear "Leigh W." Ado- What Not to Wear: Behind the
TLC Snapper; creme Weddings" Wedding ceremonies get lescent wardrobe. (N) (CC) Seams Going behind the scenes of
caramel. confusing. (CC) the show dunng production.
(:00) Law & Or- ** AIR FORCE ONE (1997, Suspense) Harrison Ford, Gary Oldman, Glenn Close. Ter- ** a PAYBACK
TNT der "Veteran's rorists hijack the president's plane. (CC) (1999) Mel Gib-
Day" ,, son.
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H Hobby. (N) mated. Grim must capture an artifact that makes someone scary. Habits. Hobby.
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Flooded cave. Tomorrow ture (CC)
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UNIV Pasiones dulce, romantic e inteligente, pero Especial Sangre Inocente; Lobo al
apenas atractiva. (N) Acecho.
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USA der: Criminal In- tries to steal the Declaration of Independence. (CC)
tent n (CC)
One Hit Won- 100 Greatest One Hit Wonders n 100 Greatest One Hit Wonders Acceptable TV I Love New York
VH1 ders One-hit wonders No. 20 to No. 1. (N)f Finalists.
VS. (:00) NHL Hockey Conference Quarterfinal -- Teams TBA. (Live) n (CC) Hockey Central NHL Hockey Conference Quarterfi-
(Live) nal-- Teams TBA. (Live) f (CC)
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WGN Funniest Home officer who has been rebuilt as a cyborg fights for justice. ( (Part 4 of 4)
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WSBK (CC) 1,000th Show" quits the wine
ft (CC) club. f (CC)

* THE MAN (2005, Comedy) Samuel L. Jackson, * FINAL DESTINATION 3 (2006, Horror) Mary Eliz- Entourage Turtle
HBO-E Eugene Levy, Luke Goss. An ATF agent squabbles abeth Winstead. Death stalks young survivors of a hor- plans Vince's
with a salesman in his custody. n 'PG-13 (CC) rible roller-coaster accident. n 'R'(CC) birthday party.
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FRIDAY, APRIL 13, 2007, PAGE 11



Prayer Day

at Montell

M THE Department of Urban
Renewal held a prayer dai
at IMontell Heights Park.
Robinson Road. on
Wednesday. From left are
Henry Higgins. director of
Urban Reneial's cultural
affairs section; Mary
Lighourn. Urban Renewal;
Jewel Major, deputy director
of Urban Renewal; Shelton
Bebebi director of Urban
Renewal: Evangelist Judy
Clark Of New Covenant
Baptist Church.
(Photo: BIS/Raymond Bethel


'Clean. Green and Pristine' event

celebrated at CR Walker school

BAHAMIANS have the
country's environment to thank
for the high standard of living
they enjoy, Dr Marcus Bethel
told C R Walker students.
The minister of Energy and
Environment was speaking at a
special "Clean, Green and Pris-
tine Musical Explosion" assem-
bly at the school last month.
He noted that five million
tourists visit the Bahamas
because of its clear waters and
white and pink sands. "Our
environment has been good to
us and we should not be callous
in our attitudes and the man-
ner in which we treat it."
While the special ceremony
was to serve as a form of enter-
tainment for the children, Dr
Bethel said that this "by no
means makes the message less
It has been said, he explained,
that music is the universal lan-
guage and in keeping with this
idea, his ministry and the
Department of Environmental
Health Services sought the tal-
ents of the Neighbourhood
Group to help convey the
important message that a clean
environment requires individ-
ual and community participa-
tion and involvement.
"The people of the Bahamas
must take ownership and pride
in their environment," he said.
"The pride shown in one's per-
sonal appearances and the fam-
ily vehicle must be transferred
to your surroundings."
Dr Bethel encouraged the
students to keep their personal
space clean, so the Bahamas can
be healthier.
"Encourage your parents and
neighbours to carry old cars or
trucks to be recycled for scrap
metal," he said.
Dr Bethel told the students
to form an environmental asso-
ciation which would address
environmental issues from the
perspective of young people.
Assistance can be sought from
the Youth Empowerment Cen-
tre, he added.
"Join the science or environ-
mental club in your school, to
ensure that you learn as much
as you can about the environ-
Dr Bethel also encouraged
the students to enter the sum-
mer can collection competition,
which seeks to remove as much
aluminum as possible from the
waste stream, so it can be recy-
"Be an environmental stew-
ard," he said. "It's the cool thing
to be and to do.
"Co-operate with the com-
munity leaders by participating
in community projects to
enhance your immediate envi-
ronment. Manage your house-
hold waste properly by using
garbage bags and storing them

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
If so, call us on 322-1986
and share your story.

in plastic containers with cov-
ers. Keeping the inner city
clean, green and pristine begins
with you."
THE Bain Town Boys
musical group presents
Minister of Energy and the
Environment Dr Marcus
Bethel and his permanent
secretary Camille Johnson
with awards of appreciation
during the Clean Green and
Pristine Musical Explosion on
Monday March 29.
(Photo: BIS/Kris Ingraham)

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FRIDAY, APRIL 13, 2007



h rrnminefTT

Miami Herald Business, Stocks, Analysis, Wall Street


Oasis and Isle of

Capri deals


Morgan Stanley deal, coupled with Ginn and potential Harcourt purchase, gives Grand

Bahama 'greatest opportunity it has ever had' to become world-class tourism destination

Tribune Business Editor
G rand Bahama
now has "the
greatest oppor-
tunity it has
ever had" to
establish itself as a world-class
tourism destination in its own
right, the minister of tourism
told The Tribune yesterday,
with Harcourt's purchase of the
Royal Oasis "imminent" and an
agreement to extend Isle of
Capri's stay on the island "just a
matter of days away before we
Obie Wilchcombe, respond-
ing to the announcement that
the 2,000-acre Morgan Stanley
investment at Barbary Beach

had been given the official go-
ahead, said that project, cou-
pled with Harcourt's proposed
Royal Oasis acquisition and the
Ginn Clubs & Resorts project in
western Grand Bahama, would
"complete the trifecta" of major
tourism-related developments
on the island.
Pointing out that Grand
Bahama had previously lacked
the critical mass, in terms of
room inventory, and top-class
hotel brand names to establish
itself as a leading tourism desti-
nation in its own right, Mr
Wilchcombe said: "At no time
.in Grand Bahama's history has
this happened. It will guaran-
tee more sustained economic
growth than we've ever had in
the past.


(FILE photo)

"This is the first time in the
history of Grand Bahama that
we can truly look at develop-
ing tourism. Historically, it's
always played second fiddle to
New Providence."
The minister said "the
announcement for the Royal
Oasis is imminent', although
Grand Bahama residents and
businesses are likely to be scep-
tical, given that there have been
so many false dawns in the past,
and will probably believe only
when Harcourt's purchase is
formally confirmed.
Yet Mr Wilchcombe said he
had spoken to Harcourt's rep-
resentatives an hour before he
was contacted by The Tribune
He added: "The Harcourt

lawyer spoke to me today and
said they're prepared to sign.
They're about to proceed now.
They've completed negotia-
It was not disclosed whether
this was a deal in principle that
will have a 30-day or longer
period to close, but Harcourt,
which is a property develop-
ment company headquartered
in Dublin, Ireland, has long
been regarded as the best
potential buyer for the Royal
Oasis because of its track record
and presence on Grand
The main obstacles to con-
cluding the Royal Oasis deal,
SEE page 9

First-time buyer

Stamp exemption

rise may benefit

tax revenues

Tribune Business Editor
The Government may enjoy
a net positive impact on its rev-
enues if Prime Minister Perry
Christie's administration is re-
elected and fulfills its pledge to
raise the Stamp Tax exemption
threshold for first time home
buyers from $250,000 to
$400,000, the minister of state
for finance told The Tribune

James Smith explained that
since the Government raised
the Stamp Tax exemption from
$100,000 to properties valued
at $250,000, it had discovered
that any revenue lost on the
stamping of the transaction had
been recovered through the
stimulation this had given to the
construction industry and con-
struction-related imports.
SEE page 2

I'efrm i eery olcyara'nede oer6T

Tribune Business Editor
THE Bahamas will have to
make. reformss in just about
every single area" of economic
policy and legislation for this
nation to acede to full World
Trade Organisation (WTO)
membership, the Bahamas
Chamber of Commerce's exec-
utive director told The Tribune,
as he warned that "time is not
on our side" to negotiate a ben-
eficial Economic Partnership
Agreement (EPA) with the
European Union (EU).
Philip Simon said the EPA,
which the Bahamas is negotiat-
ing with the EU via CARIFO-
RUM, "could be signed by Sep-
tember", while the Government
plans to submit its Memoran-

dum of Trade Regime to the
WTO by year-end 2007, once
the trade data for 2005 was
Referring to.a.previous study
done by the Chamber and pri-
vate sector on what the
Bahamas needed to do to make
its economy and trade regime
WTO-compliant, Mr Simon
said: "There's a lot of work......
Any number of laws, regula-
tions, institutions and agencies
need to be created, disbanded
or adjusted to even qualify for
WTO membership.
"There's reforms in just
about every single area taxa-
tion and legal that need to be
considered. This is a place we
have not been before, but at the
end of the day we'll be OK. We
don't have a choice."


Apart from a potential
wholesale reform of the
Bahamian tax regime away
from import duties to a value-
added tax (VAT) or sales tax
base, trade bodies and agree-

ments such as the EPA and
WTO are likely to provoke
reforms in areas such as the
National Investment Policy,
market access, services and the
investments process.
Government procurement
will need to become more trans-
parent, and deficiencies that
need to be filled with legisla-
tion and policies include the
absence of competition policy,
plus measures dealing with sub-
sidies, countervailing duties and
On the EPA, the Bahamas
has submitted its initial market
access offer via CARIFORUM,
but has yet to develop its ser-
vices offer. Mr Simon said the
private sector was looking at a
SEE page 5

Freeport industrial sector

shows diversification wise

Tribune Business Editor
THE success of Grand
Bahama's industrial sector in
picking up the employment
slack after the Royal Oasis clo-
sure is a signal to the Bahamas
"not to put all our eggs into one
basket" and diversify this
nation's economy," a senior
Grand Bahama Chamber of
Commerce official said yester-
Kevin Seymour, the Cham-
ber's first vice-president, told
The Tribune that while much
attention had been focused on
the Royal Oasis closure and loss
of 1200 jobs, plus the share-
holder dispute at the Grand
Bahama Port Authority
(GBPA), "our industrial sector
is humming along quite nicely".
Apart from Freeport Con-
tainer Port, Mr Seymour sin-
gled out enterprises such as the
Grand Bahama Shipyard and
Bahama Rock as ones that had
been performing well.
"The industrial sector has
kicked in quite nicely and
picked up some of the jobs lost
when the Royal Oasis closed,"
he said. "It should be a signal to
the rest of the country not to
put all ouir eggs into one basket
and to have some diversifica-
tion in our offerings."
While there had been some
criticism about the nature of
some part-time hirings at the
Container Port, Mr Seymour
said: "The reality of the situa-
tion is that those people have
been out of work for so long
that any pay cheque that allows
them to make money and put
bread on the table is welcome.

Morgan Stanley to
pick up jobs after
'long walk in the
wilderness', with
other investors not
deterred by GBPA

"It's not like we have the
choices available to people in
Nassau in terms of job options."
Despite the GBPA share-
holders dispute, Mr Seymour,
who is PricewaterhouseCoop-
ers (PwC) resident partner in
Freeport, said inquiries from
foreign investors interested in
the city and Grand Bahama
were continuing to come in,
leaving him optimistic about the
island's future.
"As an accountant and
accounting partner, I feel very
confident," he said. "Notwith-
standing the current situation
at the GBPA, I personally, in
my professional capacity, have
been receiving inquiries on for-
eign direct investment in
Freeport and Grand Bahama in
"Although they ask about the
GBPA situation, it doesn't seem
to have impacted their decision
to do business in Grand
Bahama. I'm quite optimistic
about the future in Grand

SEE page 5B

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Insurance & Investments
to Build a Belter Life
Telephone 242-393-1023


I- -- I ~ I I



Understanding the life of your product

Your product or service is the
reason for being in business.
Whether you are self-
employed or a business owner, you
are in the business of satisfying your
customers' needs.
Whether your product is a tangi-
ble or physical thing, or intangible
such as a service, you need to under-
stand at what stage in its life and tech-
nological cycle it sits. Are you at the
risky developmental stage where you
require many early adopters to make
it profitable, or are you at the end of
its life cycle, where profits are harder
to come by. Make sure you imple-
ment the following systems to manage
your product.
The first system you need is to
understand the Product Life Cycle.
If you are in the business of develop-
ing products, manufacturing them and
bringing them to market, there are
generally five elements to the cycle
that you will need to have systems to
The first stage of the life cycle is
product development, where you
research, design and package your
product. Product development is the
time before any revenue is generated.
The second stage of the cycle is
where you introduce your product to
the market. This is the time where
marketing costs to launch your prod-

uct can be very high, and very little
revenue is being generated. If your
product is innovative, then initially
you would expect little competition.
The third stage of the cycle is the
growth stage, where you expect sales
volumes to increase substantially, with
an increase in profitability. If the
product has been successfully
launched, public awareness will rise
and competitors enter the market to
grab market share.
The fourth stage of the cycle is the
mature stage where your costs have
stabilised, due to economies of scale,
and your sales peak. You are well
established in your market. It is also a
time when there is an increase in com-
petitive offerings and prices tend to
drop due to increased competition.
The final stage of the cycle is the
decline stage, where video tapes and
long play records ended up. Howev-
er, most products tenc to become sta-
ble. Look at automobiles, computers
and household appliances that have
evolved over time and are unlikely
to die out like the "proverbial dodo".
The second system you need is a
system for understanding the Tech-
nology Life Cycle. Most products are
now driven through technological
advancements, so it is important to

|J Business


understand that technology has a life
cycle, too. According to wikipedia,
this cycle can be broken down into
the following stages:
The first stage is 'bleeding edge',
a term describing technology that is so
new that it is before cutting edge, and
may not even be perfected yet. This is
also defined as: "Any technology that
shows high potential but hasn't
demonstrated its value or settled
down into any kind of consensus".
The risk of developing these prod-
ucts can be great due to a lack of con-
sensus, where there are competing
ways of doing some new thing and
one can't tell which will dominate;
lack of knowledge, where the product
is so new that the industry has not
cottoned on to it yet; and resistance to
change, where the orthodoxy is not
moving in your direction yet.
The problem with 'bleeding edge' is
that the risk of being on the losing
side could possibly lead to financial

The second stage is 'leading edge',
where your technology has proven
itself in the marketplace as being the
best solution, but is still in its infancy.
The third stage is 'state-of-art',
where your technology is the accept-
ed solution.
The fourth stage is 'dated', where
your product is still being used, but
other technology has been developed
that will render it obsolete shortly.
The final stage is 'obsolete', where
your product has been superceded by
newer technology and made effec-
tively obsolete. Make sure you under-
stand where your product sits, so that
you don't get caught out like the long
play record when CDs came along.
The third system you need is a sys-
tem for Protecting Intellectual Prop-
erty. I deal with this area in more
detail in next week's column.
The fourth system you need is a
system for Manufacturing and Inven-
tory. If you are manufacturing your
product, then you will need to imple-
ment systems for the manufacturing
process to decide whether to develop
it or outsource it; manufacturing cost-
ing and bidding to get the best price;
vendor selection to decide who is
going to be the best supplier; inven-
tory control for efficient reordering,

receiving and storing; and stocktaking
for reconciling your stock inventory to
your accounting records.
The fifth system you need is a sys-
tem for Quality Control. Make sure
your product meets the highest qual-
ity. This is an important area, which
was dealt with more fully in my pre-
vious column on Systems To Manage
Customer Service.
Whether you manufacture or not,
managing the product will be impor-
tant to your business success. Don't
be an antipreneur and forget to plan
systems for this important area, as
simply understanding at what stage
of the product and technology life
cycle you are in could be important to
your wealth. So, in order to avoid the
trap of antipreneurship, make sure
you spend sufficient time on manag-
ing the product, as it will pay large
dividends for your future business
NB: This column is available as an
eBook at:
Mark draws on 20 years of top-lev-
el business, marketing and commu-
nications experience in London and
the Bahamas. He is chief operating
officer of www.ezpzemail.com, cur-
rently lives in Nassau, and can be con-
tacted at markalexpalmer@mac.com
Mark Palmer. All rights reserved



=REE: .Thursday oAprji 12.

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Realtor calls for

Stamp exemption

woes to be sorted

FROM page one

"What we have found with
the last one was that there's a
compensating mechanism in
terms of revenue," Mr Smith
"What we gave up on Stamp
Duty on the transaction we get
back from customs duties on
construction imports."
He added: "It's kind of diffi-
cult to give a figure, but the idea
was to stimulate home owner-
ship and construction activities.
You have a positive impact on
the construction industry, and
customs duty and stamp tax on
construction-related imports,
not to mention the employment
"So. overall, you will see an
increase in revenues even if
there's a dampening in revenues
from that Stamp Duty item, if it
has the desired impact on the
construction industry."
Stamp Duty accounts for
about 20 per cent of per annum
government revenues, making
it the second largest contributor
behind customs duties.
Mr Smith said the Prime Min-
ister's pledge was "taregting
middle income first-time buy-
ers who live in upscale neigh-
It is unclear just how many
first-time buyers will be impact-
ed by the Prime Minister's
pledge if it ever comes into
effect. It appears to be an elec-
toral tool to woo the votes of
young, middle class Bahamians
who are 'floating voters', mean-
ing they have no attachment to
either of the main political par-

The current $250,000 exemp-
tion threshold covers all gov-
ernment homes and low-to-mid-
dle income housing, and it is
unclear how many first-time
buyers are in the $250,000-
$400,000 range, making it diffi-
cult to determine what impact
the Prime Minister's pledge will
Stamp Duty on homes valued
at above $250,000 is levied at
10 per cent of the purcahse
price, and can be split 50/50
between the buyer and seller,
or paid in full by the buyer
depending on the nature of the
sales agreement.
Therefore, for a first-time
couple purchasing a home
appraised at $400,000, the
exemption could save them
Realtors spoken to by The
Tribune yesterday did not know
what impact increasing the
threshold to $400,000 would
have, although some suggested
it was more realistic to take it to
$300,000 given that first-time
buyers were unlikely to be look-
ing at homes valued between
that figure and $400,000 in any
great numbers.
Between $100,000 and
$250,000 properties, Stamp
Duty is levied at a rate of 8 per

(FILE photo)
However, one leading
Bahamian reealtor said that
while increasing the Stamp
Duty threshold for first-time
buyers to $400,000 sounded
good in theory, problems stem-
ming from the previous increase
to $250,000 still needed to be
ironed out.
Mike Lightbourne, head of
Coldwell Banker Lightbourne
Realty, said people whose
intended properties are valued
close to the $250,000 threshold
- from $200,000 up were hav-
ing problems in gaining the
The exemption is based on
the appraisal value of the prop-
erty conducted by a realtor,
rather than the purchase price,
in order to prevent any Stamp
Duty evasion by the under-
reporting of the transaction val-
Mr Lightbourne said: "All
this sounds good, But we have
problems with people getting
the exemption at the $250,000
level. They [the Ministry of
Finance] question the appraisal,
and unless you're below
$200,000 you've got real prob-
"This will help if they can get
it done, but people can't sit
around for ever waiting for the

lii I1I I[I11IJVI | i ~1 j




*I~A~I k~

k IllI1A-


Share your news
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are making news in
their neighborhoods.
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area or have won an
If so, call us on 322-1986
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Sia FRIDAY, APRIL 13, 2007


S:2,480 +1 Vonage founder takes reins, replaces CEO
NASDAQ 2,480.32 +21.01

10-YR NOTE 4.73 N/C *-* Vonage Holdings founder
CRUDE OIL 63.85 +1.84 A Jeffrey Citron replaced Michael
Snyder as chief executive officer
after spiraling costs and the loss
of a patent lawsuit led to an
S 80 percent drop In the Internet
Stock phone company's stock.

Associated Press
NEW YORK Vonage, navigat-
ing its darkest hours in a grim first
year as a public company, handed the
reins back to founder Jeffrey Citron
at least temporarily on Thursday as
the Internet phone provider tried to
shine a positive light on its plights in
business and in court.
The resignation of Chief Executive
Michael Snyder on Thursday follows
an unnerving month for Vonage
Holdings, which popularized the idea
of making calls over a high-speed

Internet connec- .-- ,
tion. With compet-
itive pressures
already savaging ,,
its business and "
stock price wip- ,
ing out $2 billion
of investor wealth
in just 10 months
- Vonage is now CITRON
facing high-stakes
legal threat over the technology it
uses to connect customer calls.
The management shift accompa-
nied a preliminary report on the first
quarter that did little to bolster the
financial picture, though it did offer
two encouraging signs: a reduction in
Vonage's freewheeling marketing
budget and word that there has been
no major exodus of customers.
Citron, who is chairman of Von-
age's board and will serve as CEO

until a replacement is found, said
marketing expenditures remain too
high despite cuts that have already
been made. The company also plans
to reduce operating costs with an
undetermined number of job cuts.
"The results continue to be disap-
pointing," Citron said in a conference
call with analysts. "As such, we have
reduced our marketing expenditures
and are in the process of revamping
our marketing campaign. We will be
disciplined in our spending and
investing additional marketing dol-
lars only in programs that are
expected to yield an appropriate
The prospect of change helped
boost Vonage's battered share price
nearly 10 percent Thursday. The
stock closed up 20 cents Thursday at
$3.20 on the New York Stock
Exchange, but it remains 80 percent

below its initial public offering in
Investors are trading the stock
down on concerns of how much Von-
age spends to attract new customers
and whether it can hold onto enough
of those subscribers, all the while
fending off competition from cable
TV companies, cellphones and even
traditional phone companies.
The backdrop worsened consider-
ably last month when Vonage was
found guilty of infringing on patents
owned by Verizon Communications.
The trial judge decided that while
Vonage appeals the verdict, it should
be barred from signing up new cus-
tomers using the disputed technol-
An appeals court is expect to
decide soon whether that damaging
edict should be allowed during the

Associated Press
resumed their advance Thurs-
day following a one-day hiatus
as investors looked past a some-
what cloudy picture for retail
sales and higher oil prices. The
Dow Jones industrial average
has shown gains in nine of the
last 10 sessions.
Retailers' reports on sales at
stores open at least a year, an
important measure known as
same-stores sales, initially con-
cerned some investors Thurs-
day because of scattered warn-
ings that sales would be light
during April. Investors seemed
to shake off those concerns as
well as unease about inflation
and oil as they awaited a deluge
of earnings reports set to begin
in earnest next week.
After a back-and-forth morn-
ing, the Dow rose 6834, or 0.55
percent, to 12,552.96.
B oadr stock indicators also
advanced, The Standa &""
Poor's 50 index rose 8.93, or
0.62 percent, to 1,447.80, and the
- Ndaq composite index picked
up 21.01, )r 0.85 percent, to fin-
ish at 2,480.32.
Bonds showed little overall
movement as stocks took the
lead. The yield on the bench-
mar 40ryear Treasury note was
unchanged at.4.74 percent from
late Wednesday after being
lower earlier in the session. The
dollar was mixed against other
major currencies, while gold
prices fell.
Higher oil prices have
weighed-on stocks in recent ses-
sions. On Wednesday, weekly
government figures showed a
larger-than-expected decline in
gasoline stockpiles. Light, sweet
crude settled up $1.84 at $63.85
per barrel Thursday on the New
York Mercantile Exchange.
"I think what we're seeing
today is what we've been seeing
the last nine days or so," said
Richard Hoyt, market strategist
at KDV Wealth Management.
The decline in stocks Wednes-
day snapped an eight-session
winning streak for the Dow
industrials the longest string
of gains for the blue chip aver-
age since 2003. Hoyt contends
the recent run-up in stocks fol-
lows general investor enthusi-
asm over upward revisions to
figures on gross domestic prod-
uct, the broadest measure of the
"You've got consumption
which is 70 percent of GDP and
is fairly strong due to an
improving job market. Aggre-
gate demand in general is fairly
"We have to be careful not to
read too much into incremental
changes," he said, referring in
part to the weekly jobs figures
released Thursday.
Advancing issues outnum-
bered decliners by about 2 to 1
on the New York Stock
Exchange, where consolidated
volume came to 2.75 billion
shares, compared with 2.91 bil-
lion Wednesday.
The Russell 2000 index of
smaller companiesrose 6.81, or
0.84 percent, tqo815.05.
Overseas, Japan's Nikkei
stock average closed down 0.73
percent. Britain's FTSE 100
edged up 0.05 percent, Germa-
ny's DAX index closed down
0.14 percent, and France's
CAC-40 finished down 0.05 per-


Warmer weather gave

March retail sales a boost

* While better outdoor temperatures encouraged
shopping In March, rising gas prices and a gloomy
housing market could dampen retail sales in April.
Associated Press
NEW YORK Spring looks bleak for the nation's
retailers. After robust sales in March, there are signs that
consumers are already spending less. And a trifecta of
problems rising gas prices, a rougher housing market
and the specter of higher interest rates are likely to
make the retail business even tougher in the months
Although many stores reported Thursday that they
had surpassed expectations last month, several warned
of upcoming disappointments.
Wil-Mart Stores Inc., whose customers cut back on
shopping when gas prices were high last year, said
April's selling environment will be tough, while Feder-
ated Department Stores Inc. said its first-quarter sales
will come in at the
low end of expecta-
tions. Children's
Place Retail Stores
Inc. said its first-
quarter earnings per
share would be
roughly flat with last
year's, missing Wall
Street estimates.
The nation's
retailers were clearly
helped by a number
of temporary factors
in March. The arrival
of warmer weather
following an unusu-
ally cold January and -..
February helped
retailers like
Wal-Mart recover I
from a slow start to
the spring selling sea-
An early Easter,
which occurred eight
days earlier than a
year ago, also I I.1" -i '
boosted business,
though it will depress
April's results. Other
winners for March
included Costco
Wholesale Corp., J.C.
Penney and teen
retailer Pacific Sun-
wear of California.
But some analysts
were skeptical.
"I don't think that
[March sales] is all
that it is cracked up
to be," said John'
Morris, managing ROBUST SALES: Diane Gansho ar
director at Wachovia shop at a Costco store in Chic
Securities."You do its March same-store sales clir
see evidence of hesi- beating analysts' expectations
station on the part of
the consumer."
The International Council of Shopping Centers-UBS
same-store sales tally posted a 5.9 percent gain, exceed-
ing estimates for 4 percent to 5 percent. Same-store
sales, or sales at stores open at least a year, are the
industry standard for measuring a retailer's health.
Michael P. Niemira, chief economist at the ICSC, said
the improving weather and earlier Easter boosted March
results by 3 percentage points.
Niemira expects same-store sales growth to be no
more than 1 percent this month, in part because the
weather has turned cooler in recent days, stifling sales of
spring clothing.
A bigger worry is how long the housing market's
problems will persist. Another concern is rising gas
prices there are predictions of $3-a-gallon gasoline by
summer, which would force many consumers to cut
back their discretionary spending.
Meanwhile, minutes from the Federal Reserve's most

recent meeting showed the central bank is not ruling out
an interest rate hike to contain inflation. Higher rates
mean consumers will be paying more on their credit
card balances, and they can further hurt the already
weak housing market.
One of the big pillars for spending has been the solid
job market. The Labor Department reported earlier this
month that employers added 180,000 jobs in March; the
unemployment rate slipped to 4.4 percent, matching a
five-year low. But that could weaken if the housing mar-
ket continues to slump, analysts said.
The latest report from the department about unem-
ployment benefits was not encouraging. The govern-
ment reported Thursday that the number of Americans
filing new claims for unemployment benefits rose last
week to the highest level in two months. However, the
jobless claims figure is'Ixpected to show sonie volatility.
Wal-Mart posted a 4 percent gain in same-store sales,
above the 1.6 percent estimate from Wall Street analysts
surveyed by Thomson Financial.

nd her daughter, Brooke,
ago. Costco said Thursday
mbed 6 percent, easily
s of 4.7 percent.

Tom Schoewe,
Wal-Mart's chief
financial officer, noted
that the company has
estimated first-quarter
earnings of 68 to 71
cents per share. But,
he warned in a state-
ment, "while the earn-
ings guidance is still
attainable, given the
tough sales environ-
ment for the April
period, it will be a
For April,
Wal-Mart said it
expects same-store
sales to be anywhere
from unchanged to a 2
percent decline.
Federated, which
operates Macy's and
posted a modest same-
store sales increase of
2.3 percent, below the
3.3 percent estimate
from Wall Street.
"March sales fell
just short of our
expectations in most
regions across the
country, largely attrib-
utable to weakness in
home-related mer-
chandise categories,"
said Terry J. Lund-
gren, Federated's
chairman, president
and CEO, in a state-
ment. "Unseasonably
cold weather as new
spring merchandise
flowed into the stores
in the pre-Easter
period also contrib-
uted to disappointing

sales in the month."
Federated expects sales in the first quarter to be at
the low end of its forecast.
Bebe Stores posted a 0.1 percent increase in same-
store sales, below the 2.6 percent Wall Street estimate.
The women's clothing retailer also warned that earnings
may fall short of its outlook for the first-quarter.
Among stronger performers, Penney had a 10.6 per-
cent gain in same-store sales in its department store
business, above the 7.5 percent Wall Street forecast.
Luxury retailer Saks had a robust 10.1 percent gain in
same-store sales, though it was below the 13.0 estimate.
Nordstrom's same-store sales rose 15 percent, above the
8.2 percent estimate.
Limited Brands's same-store sales rose 8 percent,
above the 6.7 percent projection. Gap, which has strug-
gled for months, had a successful March, reporting
same-store sales rose 6 percent and easily beat Wall
Street expectations for a 1.1 percent decline.

RATES HELD: Jean-Claude Trichet,
president of the European
Central Bank (ECB), is shown at
a press conference in Frankfurt,





rate at

* With growth steady and
unemployment low, the
European Central Bank pauses
rate Increases for now.
Associated Press
FRANKFURT, Germany The
European Central Bank took a spring
break from its string of rate increases,
keeping its benchmark at 3.75 percent
on Thursday but signaling another
increase this summer amid strong
growth and falling unemployment
"I would not say anything today
that would be aimed at changing
expectations for June," ECB Presi-
dent Jean-Claude Trichet said.
That was direct enough for ana-
lysts and economists, cementing
expectations that the bank will lift the
rate to 4 percent by the summer.
"By central bank standards, that is
a very clear message. It would now
take a major surprise in economic
data or financial markets to prevent,"
a quarter-point increase in June, said
Holger Schmieding, Bank of Ameri-
ca's chief economist for Europe.
The bank has raised rates seven
times since December 2005 as
Europe's economy sees a moderate
but broad-based recovery, bringing
its key refinancing rate up from
2 percent
The bank's decision came just
after the EU statistics agency Euros-
tat said that 12 of the 13 countries that
use te euro saw economic expan-
sion of 2.7 percent last year, better
than an earlier estimate of 2.6 percent
and growth of just L4 percent in 2005.
It did not include Slovenia, which
only began using the euro this year.
While the bank expects growth in
the euro zone of around 2.5 percent
this year and 2.4 percent next year, he
also sounded his usual note of cau-
tion about inflation risks since
fighting inflation is the ECB's main
Trichet warned that despite the
solid economic data coming from the
euro-zone, excessive increase in
wages along with creeping consumer
price rises could spur inflation and
hence drag down economic growth.

climb as


shake off


I I --




China overtakes

U.S. in exports

Associated Press
GENEVA China sur-
passed the United States as the
world's second-largest
exporter in the middle of last
year, according to figures
released Thursday by the
World Trade Organization,
and the Asian country is pull-
ing further and further ahead.
Export growth from China
boomed 27 percent last year,
outpacing all other major trad-
ing nations, the WTO said in
releasing its first batch of
global trade statistics for 2006.
While China finished
behind Germany and the
United States in total exports
for the full year, it overtook
the United States in the past
six months of 2006 and will
almost certainly finish above
the U.S. in the 2007 totals.
At current growth rates,
China is projected to overtake
Germany as the world's big-

gest exporter in 2008.
"China's merchandise trade
expansion remained outstand-
ingly strong," the WTO said in
its 21-page report. "Office and
telecom equipment continued
to be the mainstay of Chinese
export growth, but significant
gains in world market shares
in 2006 could be observed in
'traditional' exports such as
clothing and 'new' products
such as iron and steel."
The WTO report comes at
a time of rising tension
between China and the United
States and some of the find-
ings will surely fuel debate
that Beijing's trade policies are
preventing American goods
from entering its vast market.
U.S. critics accuse the Chi-
nese economy of benefiting
from an undervalued cur-
rency, illegal government s~ub-
sidies, unfair barriers to for-
eign competition and
widespread piracy.


SURGING EXPORTS: A worker makes stuffed animals at a
toy company in Nanjing, China. China says it is trying to
cut its trade gap, which is growing as exports surge.

The United States filed two
new complaints against China
at the WTO on Tuesday over
copyright policy and restric-
tions on the sale of American
movies, music and books -
the culmination of years of

agitation in Washington over
one of the world's biggest
sources of illegally copied
goods ranging from DVDs,
CDs and designer clothes to
sporting goods and medica-


Dow fires advisor, officer over acquisition talks

Associated Press
Only days after announcing
that it's not in talks involving a
leveraged buyout, Dow Chem-
ical has shown the door to a
senior advisor and a company
officer, accusing them of try-
ing to negotiate a deal behind
the company's back.
Pedro Reinhard, a senior
advisor, and Romeo Krein-
berg, a divisional executive
vice president, were dismissed
with the approval of the board
of directors, Andrew Liveris,
Dow chairman and CEO, said
Reinhard, who retired as
the chemical company's chief
financial officer in October
2005, remains a member of the
board. Only shareholders can

The Ori



50% OFF


_j From ,
9% Fmmr$o

remove directors.
"I think I speak for all
employees when I say we are
greatly saddened by the disre-
spect shown by our former
colleagues. But we will move
on to shape our future with an
even greater resolve to exe-
cute our strategy and deliver
value to our shareholders,"
Liveris said in a written state-
The statement said Rein-
hard and Kreinberg had
"engaged in business activity
that was highly inappropriate
and a clear violation of Dow's
Code of Business Conduct."
Chris Huntley, a spokes-
man for Midland, Mich.-based
Dow Chemical, said the two
men were "involved in discus-
sions with other parties about

acquiring the company. This
wasn't them talking on behalf
of the company. We had no
knowledge that these discus-
sions were going on."
On Monday, Dow Chemical
issued a statement saying it
"has had no discussion about a
leveraged buyout" and that the
board "fully supports Dow's
management team."
"These two individuals, we
subsequently found out, were
having conversations about
such activity," Huntley said.
Contacted at his home by
telephone on Thursday, Krein-
berg said there is no truth to
the accusations made against
him and that he has sought the
advice of legal counsel.
"The behavior of the com-
pany is very unusual, and the

accusations have absolutely
no substance and are highly
damaging to my reputation
after 30 years of employment,"
he said.
A man answering the phone
at Reinhard's home asked a
reporter to call back later.
There was no answer to sub-
sequent calls made to the
"At the very least, we
believe the firings confirm that
there was some takeover
interest either by a private-
equity firm or by a strategic
buyer," Citigroup analyst P.J.
Jukevar wrote in a note to
Dow Chemical's shares
rose 91 cents on Thursday, or 2
percent, to close at $46 on the
New York Stock Exchange.

MiamniHerald.com I THE MIAMI HERALD



Nestle to buy Gerber

for $5.5 billion

From Herald Wire Services
The famous Gerber Baby will change parents, with Nestle
SA (NSRGF.PK) announcing Thursday that it will buy Ger-
ber Products for $5.5 billion, giving the world's biggest food
and drink company the largest share of the global baby food
The acquisition from pharmaceutical maker Novartis
helps further Nestle's recent focus on health and nutrition,
following its purchases of the U.S. weight control company
Jenny Craig and Novartis Medical Nutrition.
Nestle, which owns brands such as Nescafe, Perrier and
Dreyer's, is also the world's largest manufacturer of infant
nutritional products largely through its leading positions
in developing countries such as Brazil and China but had
no presence in baby food in the United States.
Shares in Nestle fell 1.3 percent to close at 483.25 Swiss
francs ($396.56) in Zurich, while Novartis shares were flat at
67.10 francs ($55.06).

The Beatles' commercial
guardian Apple Corps has
settled a royalties dispute
with record label EMI
(EMIPF.PK), the two com-
panies said Thursday, rais-
ing hopes that Beatles
recordings may soon be
legally available online.
"It was settled on mutu-
ally acceptable terms last
month," Apple Corps and
I EMI said in a joint state-
Apple Corps launched
legal action against EMI
Group in 2005 to recover
what the band said was
more than $60 million in
unpaid royalties.


The number of Ameri-
cans filing new claims for
unemployment benefits rose
last week to the highest level
in two months.
The unexpected spike
was blamed on the Easter
holidays rather than funda-
mental labor market weak-
The Labor Department
reported that applications
for jobless benefits totaled
342,000 last week, up 19,000
from the previous week.
The increase, which fol-
lowed a rise of 13,000 the
previous week, was much
larger than forecast.

635p.m. Late 4 63 p.. Late
stock Tr. ce dose Chg. volume Stock Tr. dose dose g olne
SPDR SPY 144.66 144.66 70428 iShSPSmI IJR 69.00 69.00 16021
PwShsQQQ QQQQ 44.56 44.56 64405 OyaxCp DYAX 4.00 5.92 +1.92 15692
iShR2K nya IWM 80.84 80.84 46425 Hallibtns HAL 32.72 32.70 -.02 13919
Informal INFA 14.45 14.45 37043 Sonus SONS 8.24 8.24 13593
MicroiT MU 11.45 11.45 29372 Solectm SLR 3.05 3.05 13406
Apple Inc AAPL 92.19 92.19 28920 JetBilue JBLU 11.24 11.24 10618
BrcdeCm RCo 1 .09 1008 -.01 21254 Foundry If FDRY 14.58 14.58 10454
SiriusS SIRI 3.08 3.08 '0287
RF MID RFMD 6.40 6.40 20088 OSI Phrm OSIP 34.99 34.99 10403
Interpublic IPG 12.19 12.19 18879 Laidlaw LI 34.65 34.65 1037
Atmel If ATML 5.03 5.03 18092 NuanceCm NUAN 16.33 16.33 9726
TibcoSft TIBX 9.19 9.19 16771 LamRsch LRCX 50.98 50.98 9701
Oracle ORCL 18.70 18.70 16522 DukeEgy s DUK 20.31 20.31 9554
For up-to-date stock quotes, go to www.MiamiHerald.com and click on Business

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Quantity the challenge

for Bahamian suppliers

Tribune Business Reporter
ALTHOUGH many Bahamian craftsmen have
mastered the art of producing high-quality,
authentic tourism products, the inability to pro-
duce these items in mass quantities is a challenge.
Bahamas Hotel Association president Russell
Miller said the recent Bahamas Hotel Association
(BHA) spending study indicates that the industry
is willing to purchase such items from Bahamian
investors, but that sustainabilty is a major chal-
He told Tribune Business following the offi-
cial opening ceremony of the BHA's fifth annu-
al Hotel and Restaurant Trade Show and Expo
that the Association would support any govern-

ment plan to increase concessions or special incen-
tives to help improve the sustainabilty of craft
Mr Miller said persons interested in the craft
business need to remember they can't set up an
operations without having definition plans for
funding in place.
Rowena Rolle, who heads the authentically
Bahamian division of the Ministry of Tourism,
acknowledged that quantity is a big challenge.
She said more persons need to get involved in the
production of the products, and explained that
craftsmen need to change from being retail sup-
pliers to become wholesale suppliers.
Her department has been in existence for the
past 10-12 years, and serves as a support for per-
sons interested in producing Bahamian goods.

'Time is not on our side'

FROM page one

45-day timeline for consulta-
tion, and for it to provide feed-
back on perceived concerns and
opportunities over the EPA, so
that a services offer could be
"It's going to a be a rush to
the finish. Now that we are
effectively engaged, both as a
government and private sector,
we have no choice but to craft
the best possible negotiating
position for our country for an
agreement that could be signed
by September," Mr Simon said.
"Time is not on our side. It is
a matter or urgency. Let me tell
you, it's critical and a lot of con-
siderations have to be made.
This is a negotiation, and we
have to negotiate what we want.
To do that we need to get feed-
back from industry.
"We encourage those that do
business with Europe, or intend
to do business in Europe, Africa
or the Pacific, to contact the
-Chamber of Commerce and the
Bahamas Financial Services
Board (BFSB) and to be
engaged in this process over the
next few weeks."
On the question of labour
mobility under the EPA, Mr
Simon said the EU had
"already put it on the table",
offering to open up certain
labour market categories to
EPA signatories, a move that
would require European

nations to abolish entry and visa
requirements for some profes-
As the EPA required reci-
procity from both sides, it was
likely that the EU would look
for EPA signatories to offer
similar openness when it came
to labour mobility, something
that would require the Bahamas
to alter its immigration and
work permit policies if it did not
reserve its position in this area.
But Mr Simon said: "1 don't
think that's something CARl-
COM countries are going to
open up immediately or even
long-term to European labour.
That is something that has to
be analysed, as not all countries
are equal and not all trade is
"What is good for the goose
is not necessarily good for the
The Chamber executive
director added that one key rea-
son for the Bahamas to agree
to negotiate the EPA through
CARIFORUM was the need to
maintain access to the grant
funding available through the
EU's European Development
Fund (EDF).
This is currently in its ninth
round, with the 10th phase soon
initiated, and Mr Simon said the
EU was the only major trading
bloc to provide the Bahamas
with grant funding for develop-
ment and infrastructure pro-
jects, such as roads and docks,
in the Family Islands.

The Bahamas, considered a
developed nation by the likes
of the US, did not qualify for
grant funding from anywhere
Mr Simon disagreed with the
notion that the EPA was
"CSME by the backdoor", as
the EL's primary aim is to forge
closer regional integration
among CARICOM states,
enabling it to deal with the
Caribbean as one via a single
agreement, rather than have
separate agreements with all the
individual states.
Mr Simon said this was being
driven by the globalisation
forces at a global level, adding
that the Bahamas had to resolve
what role it wanted to play in
the global economy.
Did the country want to inte-
grate more fully with the rest
of the world, "or employ the
same model of exclusion we
have had success with in the
past", he asked.
A key concern is having avail-
able hard statistical data on the
Bahamian economy and its
trade, the absence of which
makes it hard for the Govern-
ment and private sector to craft
policy decisions based on fact.
"The information may there,
but it may not be in an easy for-
mat to extrapolate answers
from," Mr Simon said. "That's
the challenge. The absence of
hard, statistical data makes
feedback problematic from the
private sector."

Dr. Theodore Turnquest


Thursday, April 12th, 2007 @ 6pm

Doctors Hospital Conference room

Please join us as our guest every month for
this scintillating series of the most relevant
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FROM page 1B

Mr Seymour described the
Grand Bahama business com-
.munity as being "very enthusi-
astic" about the potential eco-
nomic impact from the 2,000-
acre Morgan Stanley project at
Barbary Beach, which has
received formal approval from
the Investments Board and the
Government and is now pro-
ceeding, with construction on
the first phase due to start in
"The business community in
Grand Bahama will welcome
someone of their calibre," Mr
Seymour said of Morgan Stan-
ley,-"looking to have a devel-
opment in the eastern part of
Grand Bahama.
"We're really enthusiastic

about the possibility of more
Grand Bahamians and residents
of Grand Bahama returning to
work after a long walk in the
As for the GBPA, Mr Sey-
mour added: "We hope that the
situation will be cleared up so it
paves the way for this [Morgan

Stanley] deal to proceed on a
smooth basis.
"Ginn is already here on the
ground in the West End, mov-
ing earth around. We're glad to
have them on board as well.
Their contribution to the com-
munity so far has been quite

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(No.45 of 2000)


Notice is hereby given in accordmice with Section 137 (8)
of the International 3usincss Companies Act, No.45 of 2000,
LIMITED has been completed, a ('ertilicate of Dissolution
has been issued mid the Company has therefore been struck
off the Register. The date of completion of the dissolution was
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Markets best way to

regulate hedge funds

AP Economics Writer
The current market-based sys-
tem is the best way to regulate
the trillion-dollar hedge fund
industry although improve-
ments can be made, Federal
Reserve Chairman Ben
Bernanke said Wednesday.
B3ernanke. speaking to ;i con-
Iference on global economics
in New York City, said the cur-
rent system is superior to
illreased government regula-
tion. That view is at odds with
critics who say large failures in
recent years highlight the need
for greater supervision.
"Thus far, the market-based
approach to the regulation of
hedge funds seems to have
worked well, although manyI
improvements can be made,"
Bernanke said in remarks to ai
global economic conference
sponsored by the New York
University law school.
Bernanke noted that the col-
lapse of a Connecticut hedge
fund. Long-Term Capital Man-
agement, came during a period
of severe financial stress in
lie said Congress correctly
rejected suggestions after that
failure to impose greater gov-
ernment regulations. He said
in the last 10 years the ways
investors have to manage risks
"have become considerably
more sophisticated."
Bernanke did not mention
in his speech last fall's collapse
of another hedge fund, Atma -
ranth Advisors, which critics
contend shows the need for
greater government oversight.
Instead, Bernanke said he
supported the conclusions
reached b\ the President's
Working Group in ilebruar\.

which stated that what the
hedge fund industry needed
was increased vigilance on the
part of investors rather than
InewC government rules.
"To he clear, market disci-
pline does not prevent hedge
funds from taking risks, suf-
ecringi loses or even failing -
nor should. it," Bernanke said.
"I11f hedge funds did not take
risks, their social benefits -
the provision of market liq-
uidity, improved risk-sharing
and support for financial and
economic innovation. among
others would largely disap-
pear." he said.
During a question-and-
answer session following the
speech, Bernanke echoed calls
by Treasury Secretary Henry
Paulson for ('hina to allow
greater flexibility in its c Trren-
c\, something that manufac-
turers say would help narrow
the huge trade gap between
the two nations.
"'It would be ver\ much ini
their interest to increase the
flexibility\ of their exchange
rate," Bernanke said in
response to a question. "'It
would d allow them to have an
11 1.

independent monetary policy
which they're having some dif-
ficulty with right now."
Bernanke is a member of the
President's Working Group,
which was formed in the wake
of the 1987 stock market crash.
He has previously stated wor-
ries that the government could
over-regulate hedge funds.
There are more than 9,000
hedge funds with assets that
now top $1 trillion in the Unit-
ed States. They traditionally
have catered to the rich but
smaller investors can be
exposed through holdings of
pension funds.
The funds, which operate
with minimal government
supervision, can invest in any-
thing from commodities to real
estate. Some hedge funds buy
entire companies while others
buy and sell stocks like day
traders but with billions of dol-
lars at stake.
Representatives of leading
hedge funds were scheduled to
meet this Sunday with finance
officials from the Group of
Seven wealthy industrial coun-
tries in Washington to discuss
whether there is a need to

improve global monitoring of
the funds.
The discussions, which will
take place around the spring
meetings of the International
Monetary Fund and World
Bank, are part of an effort
being pushed by Germany to
increase hedge fund trans-
parency. United States officials
have expressed reluctance
about the German proposal.
"The meeting is intended to
be a discussion on recent
developments and current
issues regarding hedge funds."
said Treasury spokeswoman
Jennifer Zuccarelli. "It is an
opportunity for G-7 officials
to learn directly from repre-
sentatives of the hedge fund
German Chancellor Angela
Merkel wants to include
improved hedge fund regula-'
tion on the agenda for this
year's summit of G-8 countries
taking place in Heiligendamm,
Germany, in June.
The G-8 includes the G-7
countries of the United States,
Japan. Germany, France,
Britain, Italy and Canada as
well as Russia.




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



Relating to the

of Money Laundering and the Financing of

Terroriisn (lThe "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 'n.ilm. 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
Financial Intelligence Unit
P.O. Box SB 50086
Nassaui, The Bahamas

"Thus far, the market-based

approach to the regulation of

hedge funds seems to have

worked well, although many

improvements can be made.1"

Federal Reserve Chairman Ben Bernanke


Credit Suisse Nassau Branch

is presently considering applications for a


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self motivated person.

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or via fax 356-8148



Pursuanl to
Act. 2000,




Bush cSuh10.b-1 0e

Cox News Service

rats are pushing President Bush
to get tougher with China and
the administration is respond-
ing, imposing tariffs and filing
complaints about counterfeit-
ing and trade barriers.
The White House's moves
have angered China's leaders,
but have not placated many
United States lawmakers who
call the actions too little, too
late. Meanwhile, some free
traders say the moves could
backfire against United States
consumers, businesses and tax-
Proponents of a tougher
approach to China say the
White House must do more to
slow the flood of Chinese
goods now swamping the Unit-
ed States market. Just between
2001 and 2006, this country's
annual trade deficit with China
shot from $83 billion to a
record-smashing $233 billion.
"It's high time the United
States did more to protect
Americans," Senate Finance
Committee Chairman Max
Baucus, D-Mont., said in a
Many Democrats, along with
some Republicans, argue that
by intentionally holding down
its currency's value and erect-
ing trade barriers, China gives
itself an unfair advantage,
which causes manufacturing
job losses in the United States.
Meanwhile, lax Chinese
enforcement of copyright laws
is causing United States makers
of movies, music and software
to lose about $2.5 billion in
sales, according to industry esti-
mates. While the White House
actions "are welcomed," they
are insufficient, said Alan
Tonelson, trade policy analyst
for the United States Business

* : l

* 4

' ,



' "
"4 '

and Industry Council, which
represents small businesses
hurt by Chinese imports. "We
need much more sweeping
responses. Compared with the
scope of the China problem,
this all adds up to very little,"
he said.
But some free-trade sup-
porters fear the Bush adminis-
tration's tougher stance could
cause more United States com-
panies to demand higher duties
on Chinese imports, which in
turn would harm United States
consumers, especially poorer
ones who benefit from inex-
pensive imports.
More trade protections
"could affect a range of goods
on the shopping lists of millions
of Americans, including appar-
el, toys, electronics and sport-
ing goods," said Dan Griswold,
director of the Center for
Trade Policies Studies at the
Cato Institute, a research group
that supports free trade.
In addition, if China were to
retaliate by imposing its own
new tariffs, United States
exporters would suffer. While
China sells far more goods to
the United States than it buys,
the tide is turning as the Chi-
nese become wealthier and
start to purchase more of our
goods, he said.
"Exports to China have been
growing exponentially," with
United States companies ship-
ping soybeans, wheat, aircraft,
semiconductors and services,
he said. Commerce Depart-
ment statistics show exports to
China increased by 31.7 per
cent in 2006, while imports rose
only 18.2 per cent during the
same period.
Finally, "any disturbance in
United States-Chinese com-
mercial relationship could curb
their investments in the United
States economy," Griswold
said. A drop in the Chinese

appetite for United States
Treasury bonds "would cost us
as taxpayers," who would have
to offer higher interest rates to
attract other investors to
replace the Chinese.
Griswold said he believes the
administration is taking its pro-
tectionist steps to try to pre-
vent Congress from passing
even harsher measures. The
White House has toughened its
position three times recently:
In February, it filed a com-
plaint with the World Trade
Organisation (WTO) to stop
what it called China's illegal
subsidies to exporters.
In March, the Commerce
Department announced duties
ranging from 10.9 per cent to
20.35 per cent on high-quality
paper from China, which Unit-
ed States competitors say ben-
efits from unfair subsidies.
Last week, United States
Trade Representative Susan
Schwab announced the Unit-
ed States is lodging two WTO
complaints against China for
lax enforcement of intellectual
property rights and barriers to
trade in music, movies and
Schwab said that despite the
series of actions, "there is no
trade war, per se, between Chi-
na and the United States."
Still, Chinese leaders
responded with "great regret
and strong dissatisfaction," say-
ing they have been making
copyright protection a priority
and are enhancing enforce-
ment, according to Wang Xin-
pei, a spokesman for China's
Commerce Ministry.
In a statement posted on a
government Web site. Xinpei
said the United States com-
plaints "seriously undermine
the cooperative relations the
two nations have established"
for settling trade problems.
The administration's moves

have come just before the sec-
ond round of the so-called
"United States-China Strate-
gic Economic Dialogue." The
talks, led by Treasury Secre-
tary Henry Paulson, began in
Beijing last December and will
continue in Washington next
month. Paulson is expected to

continue to press Beijing to
adopt a more flexible currency.
In recent months, the Chinese
have been allowing their cur-
rency, the yuan, to rise against
the dollar, making United
States imports cheaper there.
But United States critics say
the pace of reform is not quick

enough. Tonelson said Co,i-
gress should pass legislation t )
force China to dramatically,
revalue its currency, rathc
than depend upon the admii.
istration to reason with Ch
nese leaders. "I hope member,
of Congress won't be fooled"
by next month's talks, he said.

., .i i i? Cable Beach, West Bay Street,
P.O.Box N-3034
SNassau, Bahamas
Tel: (242) 327-5780/327-5793-6
S*Fax:(242) 327-5047, 327-1258

(I i I,1,.l h' I k, "
lIil,,i 3 (Appraised
Value $35,000.00)
2 I t i 1 0 1 hoii',it:
(,4i,0 ;,i I I (i20"i| (ft
lmiti \\'.' & t ylei
Sliheet l tI Bvd Rd

(Appraised Value
6. Lot #119 (22, 500sq. ft.)
with a single story
complex (3,440sq. ft.) -
Sir Henry Morgan Dr
Andros Beach Colony
Subdivision Nicholls's
Town Andros (Appraised
Value $147,700.00)
7. Vacant property
0l(X'\x 150' in the
settlement of
Pindeis, Mangrove
Ca\ South Andros
(Appraised Value
Grand Bahama
8. Vacant Lot #8 BIk #12
Unit #3 ( 1.250sq. ft.t-
Henny Ave Derby
Subdivision Freeport
Grand Bahama
(Appraised Value
9. Lot #15. Blk #15 L'Unit #3
(90'x 125') Derby
Subdivision Freeport
Grand Bahama
( Appraised Value
10. Lol #8. BIk #12 lUnit #3
(I 1.250'q. ft.' Ilenmi
-\Ave )erl)\ Stil'li\vi ni
F-:reeponI (iriiland A.itina
(Appraised Value
I Lot q862 Section #
\ ciul I reep.,t RidF i
Subommsion Freepoil
Gai'nd Iahainm,i

SAppraised Value
.3. L.iot I 71 i' I(O', 1 ) ')
t",o ,tl.> y building -
Fa-.i St ippoile )Deveaux
st. (Appraised Value
. ut 1127A (55"' 0')
w incomplete split level
liie. Boatswain Hill or

(Appraised Value
12. Lot #5. BIk#31. Section
B vacant Royal
Bahamia Est.
Subdivision Freeport
Grand Bahama
(Appraised Value
13. Lot #33, Blk #1, Unit #I
vacant Devonshire
Subdivision Freeport
Grand Bahama
(Appraised Value

14. Lot #54 D 6.500sq. ft.
% ith triple foundation -
Murphy Town Abaco
(Appraised Value
15. Lot #6 Vacant 2 acres -
Fox Town t\baco
IAppraised Value
16. Lot #58 Vacant
I(X)'x 100' -Queen &
Clinic Streets Sandy
Point Abaco (Appraised
Value $30,000.00)
Long Island
I'" Vacanti Lot 100'x200' -
Bonacorde area west of
C'larence Town Long
Island (Appraised Value
IS Property 3 !'\xtI'with
aio,.'e Lord Street in the
setIemente of raprum
Bt3i Elcuthera.

Bosun Hill (Appraised
Value $139,580.00)
5. Property (4.344 sq. ft.)
with duplex (. 174sq. ft)
opposite Batelco in the
settlement of Fresh Creek.
Central Andros.

(Appraised Value
19. Vacant Lot #6 (14,555sq.
ft.) -a half mile
Southward of the
Settlement of Tarpum
Bay Eleuthera
(Appraised Value
Cat iand
20. Property with twelve (12)
room motel 1.39 acres -
In the settlement of
Arthur's Town Cat Island
(Apprised Value
$1.3 Million Dola)
21. One acre Beach front
property with cottage
900sq. ft. in the
settlement of Devil's
Point Cat Island
22. Vacant lots #7747R &
#7747S 160'xl25'-
Florence Dr Bahama
Sound No.2 Exuma
(Appraised Value

23. Lot #43 t9,000sq. ft. i
with house Matthew
Town Inagua Russell
Street (Appraised
Value $120,000.00)


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(1) 1520 Epson St Ilus Color Printer
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29' Phoenix w!eng(Jannette2)
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48' North Carolina Hull (1989)
52' Hailltels Fibler ( las i I,7Q) MV Buddy
47' Fiber Glass (1 tO) \'vel (Miss Quality)
43' Defender Fiber Glass Vessel (1990) (Lady Raine Too)
122' Single Screw Steel Hull (196() MV Lisa III,
vessel has a new engine requiring installation. And
can be view at Bradford Marine, Grand Bahama
34' Delta Vessel (1991) (Der Berrie)
I 7'Boston Whaler wk'ellinC
53' Vessel (19771 (Shabak)

(1) Wood Table (Round)
(I) Marble Table (Rectangle)

(I) Two Door Chest Freezer
(1) One Door Chest Freezer

(1) Blue Coleman Cooler *
(2) Double Door Coolers
(1) Three Door Cooler
(1) Double Door Refrigerator

(1)03 Yumbo 125cc Motorcycle
(I)96 Ford Explorer
(1)97 Dodge Stratus
(1)2001 Hyundai H-100 Bus
(l)2001 Kia Bus 12 Seater
(1)2002 Kitchen Trailer
(1) Kitchen Cherokee Trailer


Serious inquires nil). Sealed bids marked "l'ender" should be submitted to Bahamas Development Bank, P.O.
Box N-3034, Nassai. Bahamas aittncionii Hnical Controller or telephone 327-5780 for additional information.
Please notel that all ha1ld. n the :Iorelimenttoned piopertie and assets should be received by or on April 20, 2007.
Ihe liiaham D. [eI\ lkopmteint I l nk leni \'s the right to reject any or all offers. All assets are sold as is.

5 Scotiabank*

Scotiabank (Bahamas) Ltd. is seeking the services of:


With over 55,000 employees in over 50 countries, Scotiabank places great importance on
recognizing and rewarding strong performance. We offer room for advancement, a stimulating
work environment and the resources to help you make the most of your career. Together,
we continue to make Scotiabank a great place to work.


As the Senior Manager,,Human Resources, you are a member of the senior management
team of Scotiabank (Bahamas) Ltd., with a focus on dealing with the strategic and tactical
Human Resources needs of a growing and profitable organization. This will include but
not be limited to: developing the HR strategy for the organization; working with the Bank's
support groups in the head office on the development of the annual total rewards program;
maintaining and developing a dynamic employee relations strategy: ensuring the effective
recruitment and orientation of new employees; managing the relationship between the
Bank and third-party service suppliers: and the identification of training needs and the
evolution of the training and development curriculum. You will need to be capable of
working in a highly cross-functional environment and be capable of managing tight time
lines and conflicting priorities. You are an exemplar of communication and relationship-
building skills, an excellent coach, and can effectively establish and maintain an open, co-
operative work environment.

Key accountabilities for this role:

Contribute to the achievement of the overall business objectives of Scotiabank
(Bahamas) Ltd.
Ensure the recruitment, development and maintenance of an engaged workforce.
Support people through and act as an agent of change in the environment.
Be prepared to liaise with a wide variety of Departments, balancing the needs of all
against the objectives and strategies of the Optimization program


Ten years of experience as a Human Resources professional.
A minimum of an undergraduate university degree, while a graduate degree or a
major in Human Resources is an asset.
Experience in the financial industry is an asset.
Proven experience managing people.
Excellent and proven negotiation and conflict resolution skills are essential.
Ability to learn quickly, adapt to an ever changing environment and adapt to ever
changing priorities are essential.


Frequent travel to the Family Islands
Occasional travel internationally.
Spanish Language is a bonus in an organization that is expanding rapidly in Spanish-
speaking countries.

The Scotiabank Group is an equal opportunity employer and welcomes applications front
all interested parties. We thank you for your interest, however, only those candidates
sclccted for an interview will be contacted.

Qualified candidates only should submit applications in writing marked Private and
Confidential by Monday, April 30, 2007 to:
Manager, Manpower & Succession Planning,

P. 0. Box N-7518, Nassau, Bahamas or email scotiabank.bs



Mt. Carmel
TPreparatory Academy

Applications are available at the school office:
Saturday April 14, 2007 at 9:30a.m.
Call: 325-6570 or 325-6571

for more information

Bring pen, pencils, rulers.

Wear school uniform.

$20.00 testing fee

Legal Nolice
NOTI 'lC IS IllRIT-E13Y Gl V iN ;as follows
(a) FLORENTINE HOLDINGS S.A. is in dissolution under the provisions
of tile Intcinational Business Companties .Act 2000.
(b) The Dissolution 0l said C'ompaniy commenced on .\pil 12, 2007 when
i(s Aitliclds ol issolution were submitted and leistleed by the lRecgistial
(te The liquidator of the said company is Lakeisha Collic of 2nd Teiraccc
\\cst, tniiticville, Nassau, Bahamnas.
(d) All.\t persons having Chtirns against the abovc-uanicnd companyy are
required on oi before the 14lth d.ay ol May' 2007 to senid their names and
addicsses and parlitulars of thcil debts or clamisn to thi Liquidatoi of the
conipuy or, in default thereol, they may be excluded 'ironi the benctit of
11 d,,'riibution made before such debts aie proved.
April 13, 2007



Lot #14721 comprising 10,000 sq.ft. in area with 83
frontage on Zinnia Road and 120 feet on Eastward Drive
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.


UBS (Bahamas) Limited is seeking a suitably qualified individual to join our growing and dynamic
team as a:

Private Client Document Specialist

The main duties of this position are:

* Review of client documentation
SAccount opening and maintenance
Addressing client advisors' requests and queries
Handling client correspondence
Management reporting

Candidates must possess:

Strong organizational skills
Strong written and verbal coimmurica:;on skills
Ability to multi task
Strong knowledge of "know your customer" requirements
High level of self-motivation and ability to work independently
Attention to detail, accuracy and commitment to service excellence

* Proficiency in MS Office Applications
* Bachelors degree or above in Business Administiation or Accounting

Prior experience performing Jinfillr duties at a supervisory level in a private bank ortrust
company is an asset.

Please send your written application to:

hi' 0,1"a@tlbs.(0on1
UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas
Attn: Private Client Document Specialist


d States

jobless claims rise

to highest level

in two months

AP Economics Writer
The number of Americans fil-
ing new claims lor unemploy-
ment benefits rose last week
to the highest level in two
The unexpected spike was
blamed on the Laster holidays
rather than fundamental
labour market weakness. The
Labour Department reported
Thursday that applications for
jobless benefits totaled 342.000
last week, up I 0lO1Q0 from the
previous week.
The increase, \\luch followed
a rise of 13,000 the previous
week, was much lahrr than
forecast a>id plusli.d total
tlaims to the hi',h! ,l k'.1 since
the week of Feblu i.t\ 11).
But analysts altribiulcd the
suige to problems in adjustinil
the data for chanCes in layoff
patterns that itfloct dillferent
times each year for school
breaks and the Laster holidays.
In other economic new\,, the
nation's major retail chains

reported better-than-expected
sales in March. However, there
were concerns that rising gaso-
line prices could lead shoppers
to curtail their spending in
coming months.
Wal-Mart Stores, whose cus-
tomers cut back on shopping
because of high gas prices last
year, warned about a tough
sales environment this spring,
while Federated Department
Stores Inc. said its first quarter
sales will come in at the low
end of expectations.
In another report, the price
of imported goods rose by 1.7
per cent in March, the biggest
jump i.n 10 months. The
Labour Department said the
spike in import prices was dri-
ven by a nine per cent rise in
the cost of imported petrole-
um. the largest increase in this
category in 11 months. The
price of non-petroleum
imports rose a more modest
0.3 per cent.
Import prices, which are
closely monitored by the Fed-
eral Reserve for indications of
rising inflation pressures, had
posted a tiny 0.1 per cent rise

in February and had actually
fallen by 1.1 per cent in Janu-
ary. "Oil is a killer and the
declining dollar is putting addi-
tional pressure on import
prices," said Joel Naroff, head
of Naroff Economic Advisors,
a private forecasting firm.
Even with two weeks of
increases in jobless claims,
economists believe the labour
market remains fundamentally
sound. The government
reported last week that the
unemployment rate dropped
to 4.4 per cent in March,
matching a five-year low, as
employers boosted hiring by
180,000 workers, the biggest
gain in payroll jobs in three
months. The hiring spurt was
seen as evidence that the trou-
bles in housing, including
weakness in subprime mort-
gage lending, were not spread-
ing to the rest of the economy.
The Federal Reserve, which
next meets May 9, is expected
to keep interest rates
unchanged. Wall Street fell on
Wednesday following release
of the minutes of the March
20-21 meeting that showed the

central bank remained firmly
focused on fighting inflation.
That dashed hopes that the
Fed might soon cut interest
rates because of the yearlong
stretch of a weak economic
growth. The four-week aver-
age for jobless claims edged up
to 323,250 last week, the high-
est level in three weeks.
For the week ending March
31, when seasonally adjusted
claims had risen by 13,000, a
total of 21 states and territo-
ries reported increases in
claims, compared with 32
reporting decreases. Unlike the
national data, the state figures
are not adjusted for seasonal
The states with the largest
increases were Oregon, with a
rise of 1,780, and Missouri,
which had an increase of 1,676.
The states with the biggest
drop in claims were Michigan,
where claims fell by 1,681, an
improvement attributed to
fewer layoffs in the auto indus-
try, and New York, which had
a drop of 1,491 claims, attrib-
uted to fewer layoffs in ser-
vices and manufacturing.

Pricing Information As Of:
Thursday, 12 April 200 7
BISX ALL SHARE INDEX: CLOSE 1,783.$ .. .. -',
52wk-Hi 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield
1.85 0.54 Abaco Markets 1.00 1.05 0.05 3,000 -0.282 0.000 N/M 0.00%
12.05 10.70 Bahamas Property Fund 11.59 11.59 0.00 1.689 0.400 6.9 3.45%
9.00 7.10 Bank of Bahamas 9.00 9.00 0.00 0.737 0.260 12.2 2.89%
0.85 0.70 Benchmark 0.85 0.85 0.00 0.265 0.020 3.2 2.35%
2.30 1.26 Bahamas Waste 2.30 2.30 0.00 -0.199 0.060 11.6 2.61%
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 10.35 0.00 0.915 0.240 11.3 2.32%
2.20 1.67 Colina Holdings 2.10 2.10 0.00 0.078 0.040 26.9 1.90%
14.25 9.99 Commonwealth Bank 14.19 14.25 0.06 6,062 1.084 0.680 13.1 4.77%
6.26 4.22 Consolidated Water BDRs 4.90 4.88 -0.02 0.118 0.045 41.5 0.92%
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 0.522 0.240 11.4 4.04%
12.49 10.99 Finco 12.49 12.49 0.00 50 0.779 0.570 15.7 4.58%
14.70 11.50 FirstCaribbean 14.61 14.61 0.00 0.977 0.500 15.0 3.40%
17.06 10.42 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 6,000 -0.432 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 0.570 15.4 6.30%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.269 0.795 7.9 7.95%
Fidelity Over-The-Counter Securwes '
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ P/E Yield
14.30 12.25 Bahamas Supermarkets 14.60 15.60 16.00 1.234 1.125 12.6 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%
Colina Over-The-Counter Securine"
43.00 23.00 ABDAB 41.00 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%
BISXK istei Mi i aii W .e N :
52wk-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3347 1.2816 Colina Money Market Fund 1.334677*
3.0988 2.7451 Fidelity Bahamas G & I Fund 3.0988***
2,6492 2.3294 Colina MSI Preferred Fund 2.649189**
1.2386 1.1643 Colina Bond Fund 1.238600***"
11.3945 10.0000 Fidelity Prime Income Fund 11.3945"****
FINDEX: CLOSE 793.62 / YTD 06.94% /2006 34.47%
BISX ALL SHARE INDLX 19 D c 02 = 1,000.00 MARKET TERMS YIELD- last 12 month dividends divided by closing price NAV KEY
52wk-Hli Hlighest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity
52wk Low L ... .: L . ... i r ., Ask $ Selling price of Colina and fidelity *- 30 March 2007
Piuviuu, e Cl:,e I'll r, d. y', wyi(h11ed pn e for ddily volume Last Price Last traded over-the-counter price
Foday's Closo -Cun nt day, weighted piice for daily volumle Weekly Vol. Trading volume of the prior week "- 31 March 2007
Change Change in lcl"ing plne ifom day to day EPS $ A company's reported earnings per share for the last 12 mths
Daily Vol. Numler ut total shIarre, trded today NAV Net Asset Value '" 31 January 2007
DIV $ Dividi nds pi.r slihlc paid in the lt 12 months N/M Not Meaningful
PIE Closing plico divided by the lat 12 month eaiings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 "" 31 March 2007
"" 8 February 2007
TO TPADE CAI I. Col INA 242-502-7010 / FIDELITY 242-35 %77IT 0 MOREW ATD't1NFO I"I C t ,(,2 5W "''


PAGE 88, FRIDAY, APRIL 13, 2007







ke ei


AP Business Writer
bankruptcy judge who has
tired of seeing people bur-
dened with credit card debt in
his courtroom has decided to
do more than help them untan-
gle their finances.
Judge John C Ninfo II
founded Credit Abuse Resis-
tance Education, or CARE. It
sends volunteers from the
bankruptcy system includ-
ing judges, trustees and private
attorneys to talk to young
people around the country
about developing good mon-
ey skills and avoiding debt
CARE is among the 180
organizations that make up the
JumpStart Coalition for Per-
sonal Financial Literacy. Each
April, the Washington, DC-
based JumpStart marks finan-

cial literacy for youth month
with conferences aimed at
sharing programme ideas and
visits to congressional offices
to urge support for school pro-
Laura Levine, JumpStart's
executive director, said CARE
and other groups "do an amaz-
ing job, often with few
resources," in trying to bring
basic financial skills to the
nation's youth.
She gives the coalition an A
for effort, but acknowledges it
has a way to go to deal with
"a big problem that's not going
to be solved overnight."
Judge Ninfo uses real stories
from his bankruptcy court-
room in Rochester, NY, to
educate students about the
potential dangers of misusing
credit cards.
He tells of a couple who did-
n't even earn $50,000 a year
but ran up more than $50,000
in credit card debt by taking

repeated trips to Disney World
"to keep the kids happy." And
of an accountant who racked
up $80,000 on her credit cards
"keeping up with the Joneses
and everybody else." And the
man who accumulated
$100,000 in card debt but was-
n't worried because he intend-
ed to pay it off when he won a
Ninfo believes stories like
these prove his point that the
lack of financial literacy has
moved beyond the problem
stage to the crisis stage.
"We truly have a national
epidemic of financial illitera-
cy in this country," Ninfo said
in an interview. "We in the
trenches of the bankruptcy sys-
tem see it every day."
The idea behind the bank-
ruptcy professionals' partici-
pation in CARE, he said, was
"to be proactive to get the
word out to people ... instead
of being the ones who have to

clean up the mess all of the
In a recent talk at the annu-
al convention of the National
Business Education Associa-
tion in New York, Ninfo urged
the teachers and school admin-
istrators who attended to step
up credit education in their
Holding a credit card, which
he used to punctuate his
remarks, Ninfo said he was
worried that kids weren't
learning good money manage-
ment at home or at school so
that they risked getting into
deep financial trouble when
they go out on their own.
It's not unusual for college
students to graduate with more
than $28,000 in debt, including
nearly $3,000 on their credit
cards, according to surveys by
Nellie Mac, an educational
Some of those kids don't pay
down their school debts but

'Best news in a long time'

FROM page one

apart from the $40 million price
sought by the vendors, Lehman
Brothers' private equity arm,
were the more than $22 million
debts left outstanding when the
resort closed in September
20o4, and who would pay off
the timeshare owners.
Harcourt already has a strong
presence in Grand Bahama, and
is understood to have plans to
convert the Royal Oasis into a
convention hotel, exploiting the
convention tax break the
Bahamas now enjoys with the
US. Among the casino opera-
tors it has been talking to is
Foxwoods, which is interested
in another investment project
in eastern Grand Bahama.
A $200 million investment
would be required to restore
the Royal Oasis, with Harcourt,
which is involved in the
Bahamia sub-division, Suffolk
Court and a proposed condo-
tel, also planning a new hotel
by the sea.
Meanwhile, Mr Wilchcombe
said it would shortly be con-
firmed that Isle of Capri would
remain as the casino operator
at the Our Lucaya resort, which
is branded under the Sheraton
and Westin flags.
"They're going to be around
for another couple of years and
be p.irt of the Grand Bahama
tourism industry," he said. "We
are about to sign an agreement


For the stories

behind the news,

read IInsigIh

on Monday



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
If so, call us on 322-1986
and share your story.

with Isle of Capri. They've
brought in a new management
team and corporate structure.
They're optimistic about the
future of Grand Bahama and
the role the casino here can play
with their operations in Flori-
da. "It's just a matter of days
before we sign. We've been able
to work out their concerns."
Any decision to stay by Isle of
Capri may puzzle some out-
siders, given that the casino
operator had previously said it
would withdraw from Grand
Bahama when its lease at the
Our Lucaya resort expired in
June this year.
The company, which employs
some 270 staff, has consistently
had to ensure a loss on the
Grand Bahama casino, as the
market on that island lacks crit-
ical mass to pull in enough cus-
Isle of Capri had previously
been seeking a reduction in the
casino tax rate levied upon it
from 17 per cent to 9 per cent,
and an increase in marketing
Mr Wilchcombe yesterday
told The Tribune that the Gov-
ernment and Isle of Capri had
negotiated a solution to the tax-
ation issue, while the casino
operator had "discovered the
need to work more closely with
the Ministry of Tourism on mar-
keting and promotions".
On Wednesday, the Grand
Bahama Port Authority and

Grand Bahama Development
Company (Devco), formally
announced that the 2,000-acre
Barbary Beach project by the
Morgan Stanley-owned Barbary
Bay Development Company.
had received the approval of
the Government's Investments
Board. Construction work is
due to start in 2008.
The $50 million land pur-
chase by Barbary Bay Devel-
opment Company, which is
acquiring Devco's 50 per cent
interest so it can participate in a
50/50 joint venture with the
GBPA affiliate. Port Group
Ltd, has also been approved.
Texterra Development LLC,
a Palm Beach based develop-
ment company, is the develop-
ment manager for the project,
which will include a "super"
yacht marina with associated
retail and residential amenities,
including two new golf courses,
residential communities and a
resort core.
Mr Wilchcombe described
the announcement, as "some of
the best news we've had for a
long time" in Grand Bahama,
with the Morgan Stanley pro-
ject set to act as the anchor for
eastern Freeport and Grand
Bahama, while Ginn would take
care of West End and a revi-
talised Royal Oasis acting as the
key for central Freeport.
The minister said Morgan
Staniey.would revitalise an area
where thee had been relatively

little economic activity, adding
that Marriott had signed with
the GBPA for its Discovery
Bay project last year and should
also be underway shortly.
Mr Wilchcombe added that
the Ministry of Tourism would
now have to spend money on
marketing and promoting
Grand Bahama to the world.
He said: "What Grand
Bahama needs is a sustained
programme where we can plan
for the next three, five, 10 and
15 years. I feel very good about
it. There's a fresh wind blow-
ing in Grand Bahama."

continue to hoi low cvciiii
ally ending up in lankil uIlp \
court, Ninfo said.
Data about an indi\ hlul .
debt ends up oin it I il
reports maintained hI I hl
nation's credit hul tcalus. in its
often viewed byv p)rospll i
employers, wouldb.-he l;iidll i ns
and othliers who want tol kiin\ :I
person's Iilnallcial il ,'i uii
"I tell studcntls. liit t ii
quence's of had c i edit .n It ,.
great these days. Niili siJd.
"You could lose u i! ,in i il,,
or promotion. You could im.'
out on an apartment von il',l
Iv want. You could hI till niii
down for a ca lo h li )i iLl coluiii
he turned aw'. lioni iilt] ie
school or ii t I ct'i lld ilt

Richard Adderley, Cable Bahamas
Beverley Saunders, Kerzner Internamio inal
John Pinder, President BPS U
Tiffany Russell, Deloitte & Touchc

Date: Thursday April 19th, 2007

Place: SuperClubs Breezes Cabl Itc;Kich

Time: 8:30 a.m. 2:00 p.m. (Coltiit nf.l

I l ii l I ,
I 1 1", [ I 1 l.' ' I

II I", I', I I' .Illl I 1' i
r,, ]\ I lil ij Ill l I' ,,

I lI I

l I I i
,, i, l il , I, I ,
,l.1 1 'I 'I . I 1 I '

I I .I ,: ii ,i i
lli.n i .n~ l' <
t1, I ,ill \ ,l
,I b

N )i ti'


IP isuanttl lo ilti I '' i
h1 \Lcr liatio nl lliud . .. Im1 i r ,

struck olf Ilhc l C ;ISltl l|)ll I ]:llll IM I :1 ; I i I'll .l' H
issue d h \ lit I t'L II I IIu ;k i -l 1 1 '.ts i, i ,1
.\.1).,. _,,:

I i1i1 ,t ii Iiit' I 'I jii ;i

K.L. Floyd
Liquidator of

~ j) ~

it I~~bit I"


' I


II i4 I I
'I' 1.1., I'


Cost: $100.00 Members/$110.00 NoN l' tY ,,

Learn About

Management's, objectives, role anid stliit!", in i.m I ,,
Human Resources and traiinng rokl i lo.s, i.' ., l.nI ,,\
The Role of Unions in maintaining in idus.ltil i i \
Effective / result oriented report wNrlitii,

CPE Hours: 4.5 (BICA Approved)

Contacts: Edgar 0. Moxey J.r. 302-1449; Sa,' 1 0'1
322-6525 or Jasminii Strachani 30 ?,

Please register early to secure your .sw(l. l(/i ,' l "
arrangements with the hotel.

IA Institute of Internal Auditors* -IiBlaI s li

Presents a Half lt)a Setinn;


Maintaining Industrial Halinoml '- a -
& Report Writing




The Petition of Mavis Clarlton, Executrix of the Estate
of Trevor Dorsett late of Port Nelson, Ruin Cay one of
the islands of the Commonwealth of The Bahamas is in
respect of the following parcel of land:
land containing 293,427 acres situate on the
Josiah Tallnall (1-76) approximately 2300 feet
west of Cotton Field Point in the vicinity of
Munroe Beach on the Southern Coast of Rum
Cay in the Commonwealth of The Bahamas.

Copies of the filed plan may be inspected during the
normal hours at:-
(a) The Registry of the Supreme Court,
Ansbacher House, East Street North,
Nassau, Bahamas, and;

(b) The Chambers of The Law
Partnership, International House, No. I
Virginia Street. Nassau, Bahamas.

Notice is hereby given that any person having right to
dower or any adverse claim not recognized in the Petition
shall before the 31 st day of March, 2007 file in the Registry
of the Supreme Court and serve on the Petitioner or the
undersigned a statement of such claim. Failure of any
such person to file and serve a statement of such claim
and requisite documents on or before the 31st day of
March, 2007 will operate as a bar to such claim.
The Law Partnership
Attorneys for the Petitioner
International House
No. 1 Virginia Street
Nassau. Bahamas


I RIDAY. \AP HIL 1 ;," o i.




PAGE 10B, FRIDAY, APRIL 13, 2007



Tribune Comics




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East dealer.
Both sides vulnerable.
4A 962
YK 953
+J 1064
V 10 8 6 4

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VQ 72
+ AK 1084

+K 543
The bidding:
East South West North
1 + Dble 2 3 *
Pass 3 4 Pass 4 4
Opening lead two of diamonds.

This hand was played in 1981 at
Montreux, Switzerland, by Andrzej
Wilkosz, Polish star. It occurred in
the European Championship and was
. widely regarded as the "Hand of the
He reached four spades as shown,
and West led the diamond deuce.
East won with the king and returned
the three of clubs. It may appear that
South must lose two spades and a
club" in addition to the diamond

UIC Calv

already lost, but Wilkosz proceeded
to make a series of plays that were so
well timed that they could not have
been improved upon had he seen the
opponents' cards.
He took the club three with the
ace, ruffed a diamond and returned
the three of hearts to his jack. When
the finesse succeeded, he cashed the
ace of hearts, ruffed the queen of dia-
monds and cashed dummy's king of
hearts, producing this position:
+J 10 6

S 7

QJ 87
*A 10

*K5 43
With six tricks already in the till,
Wilkosz next led a club from
dummy. East realized he could not
gain by ruffing, so he discarded a
diamond. Declarer won the club with
the king, cashed the K-A of trumps
and led the nine of hearts from
dummy. Regardless of what East
decided to do, Wilkosz could not be
stopped from scoring one of his
trumps for his 10th trick.








words In
the maln
body of

*16 M IC59S A HOW many words of four
L letters or more can you make
from the letters shown here?
C P ZIn making a word, each letter
4r may be used once only.Each
must contain the centre letter
and there must be at least one
S nine-letter word. No plurals.
Good 15; very good 22;
excellent 29 (or more). Solution


1 Infecion no] senouC; ai
B.rhenheaa (6)
7 Tales ol me rowing
Carrieron. 718)
8 One can play il a lo io,
snoring 1(4
10 Hol dale maybe r.e
h3s (6)
11 NlcI cenamn Io rurn uO ragged
rnoilc (6)
14 Was he wasled (3l
16 Crallenged I. i lake [did Oul
and abotu (51
17 Wa' sorry lor sounding
unovl (4)
19 One s operrr,.
urrmpr 151
21 Couald e said io e,'re.. midn
surprise (15)
22 Possble rOuie 01 C.,orroT.,
aanlysi's, 51
23 Can Oe 6ervea up
noI to Si 141|
26 Lj.e a vy.cory 1or good0 (51
28 Fo. eachm,..d.dual
Wir, nc., re I I)
29 Perir ,io de mailerly ai cenar,
pc.inis (6
30 D.spleaieu wher,n
eleciea (3 31
31 Ii'L j bil of a ljb 10 gel
one in lownr(4)
32 He likes l Dein sliange
Surroundings (8)
33 Weigriy form of sonnel (6)

Yesterday's cryptic solutions
ACROSS: 1, Sprig 6, Faith 9, Marti-Al110, L-imps 11, I-MP-el
12, Flora 13, Top coat 15, Pie 17, Unit 18, Banana 19,
Tell-Y 20, OS-cars 22, Dust 24, Rye 25, Go-LI-at-H 26,
Strum 27, Stoat 28, Vista 29, Gentian 30, Amber 31, Teach
DOWN: 2, Prison 3, Impact 4, Gas 5, Stilt 6, Fair-way 7,
Al-ma 8, T-iep-in 12, Far-ES 13, T-utor 14, Piece 15, Pad-
u-a 16, Earth 18, Bloom 19, Trotter 21, System 22,
Di-Vi-ne 23, Static 25, Gusto 26, Sage 28, VAT

1 ToutIe 'pol' It' i
2 Spoke hlarinly In.u':h dlaaged l1
tie good' 161
3 Too one rit ,nrodulcur y. ileps 14l
4 Wr.lr /Alun Opo.tiily neeaos I gel
aryt 71
5 Dc ,at scralcln lobl CIleu,,rnQ 151l
6 Caled lot' some poa, lo t.ia rail
.:cC 'led Sl
8 One goade'n ,iriree s ceraeigr.l
role ci(4
9 At r, ,de ari., y loc,.,.n-j '-(31
12 FReledat Ire weekend ir.trOrln31
13 Where me.. -';- a srtonge ol

crhjn,.aaner ijr a mrnad mrier |5
15 G .a1 a a1t.,i"r: rOldup mar,
II sweri. (5
18 A wOlkri-. Qel-logeiner |i|)
19 So s morricnrl=.t man is somreD

dy i

b,:.,' l 31
20 I c 'r ',lel ly i r,nT. ri u.e in clas'.,Cj

21 ,ip ia Ir :c,, ,T.e*heie in Menic. 171
22 SEP 3 as3mrSin r Ia- (iJ31
23 Pi.e-p i. dale a :,r:omrnow 161
2. Tr.e. r rd S.lu4 Irohm nir UC .,'nd- (4)
25 Tne Ic.s ". mcsliy made by Irne,:
e I'.h, n i, rrn ri,. 161
26 P.ea'ure oul: wral s neededlIr, gIl
me -.I upI, '.
2 H, : amriurl phriiu.cphry lu':k
comiplelere'iL ,15
28 Wnerr- I lur, up an r, i513
t30 oo:3'. i1.
30 A sra-.i drinr.:' 4l

Yesterday's easy solutions
ACROSS: 1, Chaps 6, Terse 9, Limited 10, Great 11, Night
12, Beast 13, Teacher 15, Col 17, Idle 18, Docile 19, Argon
20, Record 22, Peas 24, Axe 25, Abridge 26, Heart 27,
Heron 28, Paper 29, Parapet 30, Steel 31, Needy
DOWN: 2, Horded 3, Plaice 4, Sit 5, Miser 6, Tension 7,
Edit 8, School 12, Beard 13, Tiara 14, Alice 15, Cited 16,
Lease 18, Doubt 19, Arsenal 21, Extent 22, Pirate 23,
Agreed 25, Array 26, Hope 28, Pen

1 Language (6)
7 Wine bottle (8)
8 Parasites (4)
10 Jail (6)
11 Doting (6)
14 Cunning (3)
16 Quarries (5)
17 Catch
sight of (4)
19 Deadly (5)
21 Compare (5)
22 Temptress (5)
23 Peel (4)
26 Assistants (5)
28 For every (3)
29 Cave (6)
30 Cope (6)
31 Dash (4)
32 Inquisitive quality (8)
33 Veer (6)

1 Knock over (6)
2 Gruesome (6)
3 Paradise (4)
4 Troglodyte (7)
5 Blemish (5)
6 Attempts (5)
8 Speech
defect (4)
9 Shy (3)
12 Nought (3)
13 Gain knowlItIge (5)
15 Manufacturer (5)
18 Step (5)
19 Tree (3)
20 Number (3)
21 Hears (7)
22 Ready (3)
23 Re-ltile (6)
24 M East country (4)
25 Dig up (6)
26 Pain (5)
27 Extinguish (5)
28 Friend (3)
30 Untidy state (4


ARIES March 21/April 20
A loved one asks you an important
question early in the week, Aries. Just
be honest. Tell this person exactly how
you feel. Don't worry your relation-
ship is strong enough to handle this.
TAURUS April 21/May 21
You have some extra time this week,
Taurus. Don't let it go to waste. Try
to get ahead'on several projects that
you've been working on. Go for it!
GEMINI May 22/June 21
Stand your ground when a business
associate tries to force you to do
something you don't agree with.
Don't fall prey to this pressure. Those
close to you will be impressed with
your determination.
CANCER June 22/July 22
Keep your emotions in check when
a close friend tells you some impor-
tant news. Make an effort to be sup-
portive. A loved one needs a shoul-
der to cry on later in the week. Be
there for him or her.
LEO July 23/August 23
Bite your tongue at work this week,
Leo. Don't let them get to you. You
meet an interesting person on
Thursday. Get to know him or her bet-
ter, because this could be the one.
VIRGO Aug 24/Sept 22
There is a lot to do this week, Virgo.
In order to make progress, you have
to stay organized. Set your priori-
ties, and don't let others distract you
from the tasks at hand.
LIBRA Sept 23/Oct 23
An acquaintance asks your advice
about a personal problem. While you
don't want to get involved, you
should. Your assistance will be
appreciated. Sagittarius plays an
important role.
SCORPIO Oct 24/Nov 22
Don't let a colleague's comments
upset you early in the week, Scorpio.
Everyone knows that it really doesn't
have anything to do with you. Relax.
You meet someone interesting
while out this week. Take the time
to get to know this person, because
he or she really can enhance your
life. Just be yourself, and you're
sure to make a good impression.
CAPRICORN Dec 22/Jan 20
You get into an argument with a
loved one on Tuesday, Capricorn,
and you both say things that you
don't mean. Be the bigger person,
and apologize first.
AQUARIUS Jan 21/Feb 18
When it comes to a financial decision
this week, Aquarius, don't rush into
anything. Gather as much information
as you can. Your efforts will pay off.
PISCES Feb 19/March 20
A loved one is feeling down this
week, Pisces. Do what you can to
cheer him or her up. While it could
take time, your persistence will pay
off. That special someone asks a
favor of you late in the week.

O Sb eonardOBrd

Evgeny Vladlmirov v Andrel
Kharitonov, USSR Young Masters
1977. Both players were
contemporaries of Garry
Kasparov, and years later the
all-time number one was
looking for aides In his wordd
title campaign against Anatoly
Karpov. He remembered
Vladimirov's studious approach
and enlisted him as a trainer
cum researcher, but the job
ended In tears. Vladlmlrov was
publidy shamed and dismissed
when Kasparov declared that
his coach had been selling
opening secrets to the Karpov
camp. Vladimirov denied
everything and still does, but
the damage was done. Though
he has since been Asian
champion and trainer to the
Indian national team,. It's the

Kasparov episode which people
remember. How did Vladimirov
win as White (to move)?



-9lest 8 tV 8l+9jf SE l*+S9 Z 9XN (su. +si
+LPZ M8P +98 1) l+9)}015W1"Muopls0s

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I .



Construction sector hiring practices may

cost NHI 'large amount of revenue'

Tribune Business Editor

Health Insurance (NHI)
scheme could lose "a
sizeable amount of rev-
enue needed to make
the programme successful" if it fails
to get to grips with the increasing
construction industry trend of hiring
workers in such a way that they are
considered to be self-employed.
Winston Rolle, a former Chamber

of Commerce president and repre-
sentative for the National Coalition
for Healthcare Reform, told The Tri-
bune that rather than hiring labour as
salaried employees, the construction
sector took many on as "contract-
type" employees.
This effectively made them self-
employed workers.
Mr Rolle pointed out that the
National Insurance Board (NIB),
which will administer the NHI
scheme and collect contributions
from employers and employees,

already had a major problem with
compliance from self-employed work-
ers when it came to NIB contribu-
The NIB's 2005 annual report
acknowledged the problems it faced
when it came to obtaining compli-
ance from self-employed workers, as
despite comprising 15 per cent of the
workforce, they accounted for just 2
per cent of NIB contributions that
"What seems to have been the
trend in recent times with the con-

struction industry is that it tends not
to hire labour, but hire them as con-
tract-type employees," Mr Rolle said.
"The question is: How is this loop-
hole going to be filled, as these people
are considered self-employed.
"Many are not making any contri-
bution to NIB, and that trend is like-
ly to continue with NHI," he said.
The former Chamber president
added that due to the nature of their
jobs, persons working in the con-
struction industry were more likely
to need health coverage and insur-

ance. When they were not working,
these employees received no pay
"The construction industry needs
to take a look and see how NHI
affects their employment patterns,"
Mr Rolle said.
"A large part of your workforce,
if categorised as self-employed, will
not contribute to NHI, which should
be a concern for the adminsitration of
NHI, as you're losing a sizeable
amount of revenue needed to make
the programme successful," he said.

.Government: Survey

leaves many NHI

queries unanswered

Tribune Business Reporter
THE results of a recent pri-
vate sector survey on Nation-
al Health Insurance (NHI) are
very interesting, but only
paint half the picture, the
head of the Government's
project implementation team
said yesterday.
Dr Stanley Lalta told The
Tribune that so far he had
only seen partial results from
the 22-question survey con-
ducted by the Segal Company
for the National Coalition for
Healthcare Reform.
He added that if he was
able to see the entire ques-
tionnaire with the questions
and answers, then he would
be in a position to give a
definitive response to the find-
The survey results indicate
that implementing NHI will
mean two-thirds of Bahami-
an businesses will reduce staff
lvels, or limit new employee
Dr Lalta said he had a

number of questions stem-
ming from the survey's results.
One thing he would like to
know, he added, was the per-
centage of companies sur-
veyed who had private health
insurance plans in place ver-
sus those which did not.
The question he posed is
whether the cost of imple-
menting private insurance
plans for the companies which
offered them had caused them
the problems the survey envi-
sioned, and whether those
same concerns were the rea-
sons that other companies did
not offer them.
Dr Lalta also addressed the
concerns that NHI would
reduce salaries. He asked how
much money persons spend
on health care versus pre-paid
Dr Lalta explained that
data the NHI team has indi-
cates that the average person
spends $220 in out-of-pocket
healthcare expenses, and said
this has to be compared to the
amount which they would
spend under an insurance

Tribune Business Editor
A Harbour Island resort is
hoping that approvals for its
proposed 30-slip marina will be
reinstated at next Tuesday's
Cabinet meeting, after the
majority of residents who
attended a Tuesday twon meet-
ing on the issue gave their back-
ing for the project.
The project, which was
described as "absolutely critical"
to plans by the Romora Bay
Club & Resort's owners,
Bonachella Investments, to
expand the property, has
received backing from one Har-
bour Island business owner,
who said that Brilanders see it
as providing jobs and an oppor-
tunity for Bahamian-owned
businesses to supply products
and services to it.
Karen Catalyn, owner of the

Island Spa, said the Romora
Bay marina project would
enhance the islad and was
appropriate sized and "envi-
ronmentally friendly".
While the Bahamas needed
to prove it was capable of mon-
itoring and regulating such
developments, she said: "I wnat
investors to come and not be
discouraged. The islanders are
for it as they see it providing
more jobs and Romora Bay has
promised to give contracts to
the locals for services. I just like
them. They're good people.
"It will be a controlled ven-
ture and will benefit the island.
There will be no pollution or
over-development. Romora
Bay has proven to be a reliable,
dependable investor on this
island. If they want to expand,
they should be able to."
She added that she was not
opposed to the views of winter

residents and the Save Harbour
Island Association, who were
against the Romora Bay mari-
More than 350 Brilanders
have signed a petition in favour
of the Romora Bay marina
expansion, permission for which
was first given by the Govern-
ment, but then was rescinded
by the Docks Committee during
the first months of 2007.
Residents again voiced their
support at a Town Meeting on
Tuesday night, which was
attended by Vincent Peet, min-
ister of financial services and
investments, V Alfred Gray,
minister of consumer affairs and
local government, and Marcus
Bethel, minister of utilities,
energy and the environment.
They said the Romora Bay
marina expansion became
caught up in the Government's
moves to regulate development

throughout the Bahamas, espe-
cially policies to govern mari-
nas and land use.
Bryan Bentley, Romora
Bay's vice-president, said the
resort was hoping Cabinet
approval would be granted on
Tuesday, and that it was "criti-
cal" to the resort's exapnsion
plans that also included 40 con-
dominium units.
These units were being mar-
keted to the boaters who would
use the marina, Mr Bentley
The $17 million marina and
condo units project has been
forecast to create between 90-
100 jobs, and generate a $57.5
million economic impact over
a three-year period.
It has also been projected to
produce an extra $9 million in
government tax revenues and
$27 million in on and off-prop-
erty additional guest spending.





,flE, -h -- .7

4 Open a Scotiabank Home Savings Plan today.
You save a little every month for your home purchase
and we'll top it up with as much as $2,000.

Life. Money. Balance both:

*Trademarks of The Bank of Nova Scotia. Trademarks used unlde aluthouration ,nd control of The Bank of Nova Scotia.
t Conditions apply Subject to credit approval.



0 0 9

cr ical

to resort growth


PAGE 12B, FRIDAY, APRIL 13, 2007