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Permanent Link: http://ufdc.ufl.edu/UF00084249/02868
 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: 4/16/2007
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
sobekcm - UF00084249_02868
System ID: UF00084249:02868

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BAHAMAS EDITION


Volume: 103 No.119


MONDAY, APRIL 16, 2007


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Fiinal


PLP rying to silence opposition'


FNM chairman claims

govt preventing his

party from having

access to major rally

sites in New Providence


* By RUPERT
MISSICK Jr
Chief Reporter
THE PLP has been "whit-
tling away" at democratic
opportunities for Bahamians
by intentionally preventing
the FNM from having access
to major rally sites in New
Providence, FNM chairman
Desmond Bannister told The
Tribune yesterday.
Instead of deepening
democracy, Mr Bannister
said the PLP has created a
situation where Bahamians
have to pick and chose which
one they should hear.
This sentiment has also
been expressed by the party
leader Hubert Ingraham who
charged that no confident
government needed to resort
to this tactic and Sir Lynden
Pindling when he was leader
of the PLP had to do this.
The opposition party had
tried to obtain the Queen
Elizabeth Sports Centre for
its Tuesday rally, but had to
settle for the Pinewood Park
which it says is too small for
the crowd it draws.
The FNM chairman further
charged that true freedom of
expression which was encour-
aged under the FNM gov-
ernment has been slowly
whittled away since 2002.
"All of the signs are there
the only person who knew


APRIL 22




MAY6


^iiTc' ijj^"


when the election would be
called is the prime minister.
Permission was given for the
circus to be at the RM Bailey
Park which is the normal
area where the FNM would
have their rallies, the major
facility they use at Clifford
Park, was booked out for
their use and they sought to
book out the radio stations
for every weeknight up until
May 2. This gives you an
indication that they deliber-
ately tried to silence opposi-
tion voices," Mr Bannister
said.
What the FNM has found
now, the party chairman said,
is that the PLP is going head
to head with opposition ral-
lies every night.
"People are being deprived
of the opportunity to listen
to both sides and measure
both sides and the govern-
ment has the advantage
because they have live cov-
erage on ZNS. These issues
are concerns in any democ-
racy where there appears to
be a shutting out of the oppo-
sition voice so that the oppo-
sition can't be heard by the
majority of the people," Mr
Banister said.
This tactic, the opposition
party chairman said, has
angered many people and has
SEE page 14


HOT
LAST MINUTE
DEALS!


ALL7NIM
NIGHT


* SUPPORTERS of the PLP at their mass rally on
Grand Bahama.
(Photo: Peter Ramsay)

PM gives status report

on tourist developments
* By RUPERT MISSICK Jr
Chief Reporter
PRIME Minister Perry Christie at a PLP mass rally in
Grand Bahama, gave a status report on three major tourist
developments that he said will be major sources of job creation
for Grand Bahamians in the immediate future, including one
which he called "the largest single mixed-use five star resort.
residential and commercial project ever undertaken in
Freeport."
The Barbary Bay Development projects, more recent than
the other two, will, according to the prime minister, clearly be
"enormous, creating thousands of new jobs, business and
SEE page 15


Wilchcombe:

Ingraham
'cannot

be trusted'
* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT FNM leader
Hubert Ingraham cannot be trust-
ed, according to West End MP
Obic Wilchcombe, who blamed
the former prime minister for sev-
eral major closures in Grand
Bahama during and afler his
tenure in office.
In a very passionate and fiery
address at the PLP rally on Sat-
urday, Mr Wilcheombe scolded
Mr Ingraham saying that he is ini-
tially responsible for the closure
of the Royal Oasis Resort and
Casino that put thousands of
Bahamians out of jobs in
SEE page 14


* FNM supporters at the Winn Dixie parking lot on Grand
Bahama.
(Photo: Derek Carroll)

Ingraham: the

countdown is on
By DENISE MAYCOCK
Tribune Freeport Reporter
THE Free National Movement made its presence felt on
Grand Bahama during a massive island-wide motorcade from
West End to East End, which climaxed with a mass rally at the
Winn Dixie parking lot on Saturday.
Hundreds of vehicles, decorated in red, white, and blue
posters of the FNM candidates, made its way through each of
the six constituencies on the island.
The motorcade was one of the largest in recent times on the
island, reminiscent of the FNM's victory in 1992.
FNM Leader Hubert Ingraham, and deputy leader Brent
SEE page 14


14 Haitians arrested over

alleged drug smuggling attempt


* By PAUL
TURNQUEST
Tribune Staff Reporter
FOURTEEN Haitian
nationals arc in police cus-
tody today after allegedly
attempting to smuggle
cocaine and marijuana into
the Lynden Pindling Inter-
national Airport over the
weekend.
Assistant Superintendent
of Police Waller Evans, press
liaison officer, said that Drug
Enforcement Unit officers
made the discovery onboard
a twin engine Cessna aircraft
that had just touched down
on Friday afternoon.
"The officers searched the
cargo hold of that aircraft


and found seven kilos of
cocaine, and six pounds of
marijuana in a bag," he said.
ASP Evans said that the
drugs have an estimated
street value of more than
$90,000.
Four women and 10 men,
all of Haitian decent are cur-
rently assisting the police
with their investigation.
Security at the LPIA has
been a contentious issue for
the current government for
years. Investors and foreign
diplomats alike have repeat-
ed the call for the airport's
improvement.
Former US Ambassador
John Rood, shortly before
leaving office, expressed his
disappointment at not seeing


the LPIA improve to the
standards that would allow
the extension of pre-clear-
ance to private jets.
"I wish security at the air-
port would not be where it
is right now. I wish it was bet-
ter, I wished we would have
seen improvements in the
past two and a half years and
quite honestly we have not
seen any improvements, but
government right now is very
serious about it," he said.
Recently the much antici-
pated management of the
LPIA was handed over to
Vancouver Airport Services
(YVRAS) in conjunction
with the government.
SEE page 14


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II






PAGE MONAY, ARIL 1, 200CTHE RNBUN


Prime Minister and

FNM leader take to

the stage at their

weekend rallies
PRIME MINISTER Perry Christie (above left) and FNM leader
Hubert Ingraham are swamped by supporters as they head for
the stage at their respective rallies over the weekend.
Both events drew huge crowds as expectation builds ahead of the
general election on May 2.


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from people who are
making news in their
neighborhoods. Perhaps A
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for improvements in the
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award.
If so, call us on 322-1986
and share your story.


THE TRIBUNE


PAGE 2, MONDAY, APRIL 16, 2007


i--


~,~-


'







MONDAY, APRIL 16, 2007, PAGE 3


THE TRIBUNE


LOA NW


0 In brief

Two dolphins
at Atlantis
give birth to
calves
T'\V() dolphins rescued from
Ilturricane Katrina have given
birth at their new home in the
B-ahamas, according to Associ-
aled Press.
The mother dolphins were
doing well Friday after giving
birth on April 4 and April 6,
said Teri Corbett, vice presi-
dent of marine mammal opera-
lions at the Atlantis Paradise
Island resort. The park delayed
making an announcement until
officials were certain the calves
were healthy.
"They are plumping up really
nicely and both mothers and
calves seem to be adjusting real-
ly well," Corbett said.
The dolphins were from a
Mississippi marine park that
was destroyed by Hurricane
Katrina in 2005. Some of them
had been swept out to the Gulf
of Mexico following the storm.
Early last year the animals
were moved to the Bahamas
resort, which counting the new
calves is home to 22 dolphins in
11 acres of interconnected pools.
Another rescued dolphin is
expected to give birth this sum-
iner.

Venezuela

to increase
ethanol
production

* HAVANA

VENEZUELA will step up
ethanol production, despite
Fidel Castro's recent assertions
that producing more of the bio-
fuel could starve the world's
poor, the South American
nation's ambassador to Cuba
said Friday, according to Asso-
ciated Press.
Ambassador Ali Rodriguez
said the initiative will produce
additives to the gasoline it
exports to the US as well as a
substitute for gasoline sold
domestically.
Rodriguez said oil-rich
Venezuela aims to reduce its
dependence on biofuel from
Brazil but not to participate in
US efforts to ramp up produc-
tion of ethanol for cars.
"It's simply to meet an
already existing demand, not
participate in (the US) plan,
\' which I would call fantasy,
which would try to substitute
supplies of gasoline from oil
with bio-gasoline," Rodriguez
told reporters in Havana.
In February, Cuba and
Venezuela announced plans to
increase sugarcane ethanol pro-
duction to make cleaner-burn-
ing gasoline for cars.
Cuba had supported ethanol
production from sugarcane
before the United States and
Brazil, signed an agreement last
month to promote internation-
al ethanol use and production.
The two countries are the
world's leading producers of the
alternative fuel, though the US
primarily makes corn ethanol.
But in two newspaper articles
last week, Castro said corn
ethanol requires so much farm-
land that it could hurt food sup-
plies while raising prices of all
crops. harming poor people
worldwide.

St Vincent

PM heads

to Cuba for

recovery

ST VINCENT
Kingstown
PRIME Minister Ralph Gon-
salves and his driver left Friday
for Cuba, where they will spend
t wo weeks recovering from
injuries sustained in a car crash,
according to Associated Press.
Gonsalves cut his lip and
loosened his two front teeth and
his driver, Zaccheus Parris, frac-
tured his shoulder when their
sport utility vehicle collided
with a truck Monday outside


the capital, Kingstown.
The two were traveling to
Cuba with Health Minister
I)ouglas Slater and were
expected to discuss Cuban sup-
port for a medical center in St.
Vincent during the trip, Press
Secretary Hans King said.

Fetlzr Fniie

Pet onro


Thompson: GB economy and




education has been 'neglected'


* By RUPERT MISSICK Jr
Chief Reporter

GRAND Bahama's econo-
my is at an all time low and its
educational system has been
neglected, FNM candidate for
Pineridge, Kwasi Thompson
told those gathered at the
FNM mass rally in Grand
Bahama.
Mr Thompson said that
there are no new youth pro-
grammes and the one's the
FNM left in place are being so
poorly executed that it appears
that they are on life support.
"The FNM will revitalize the
Youth Enterprise Project,
Fresh Start and Operation
Redemption. We will help our
young people with youth
employment programmes such
as the business empowerment
programme," the party said.
The FNM said that when it
comes to employment and the
Grand Bahama economy, the
"PLP spin is unbelievable".
"A wife in the Back-a-Town
told me on a house visit that
things are so bad in Grand
Bahama that her husband,
daughter and son left the island
to find employment.
"Another story told by a


* KWASI Thompson


lady on Ponce de Leon, who
is a hotel worker, is that things
were so bad she was only
working two days a week and
the money she was earning was
not keeping up with her bills,"
Mr Thompson said.
He criticised a comment by
the current member of Parlia-


ment for Pineridge who said it
was hard to find a person in
the area who was not working.
"I have visited many homes
in Pineridge and I come across
persons who need employment
everyday. They are saying to
me everyday that they are tired
of this miserable life," he said.
The FNM hopeful said he
will provide the people of
Pineridge with something they
have been lacking for four
years, a voice in the House of
Assembly.
"I will effectively represent
your concerns in Parliament. I
will actually have something to
say rather than smiling and
profiling. These are serious
times and Pineridge needs seri-
ous leadership. I will provide
our young people with the
Youth Employment Strategy
programme or the YES pro-
gramme; with your help we will
establish the Pineridge Com-
munity Leadership Associa-
tion, which will give commu-
nity leaders and residents in
Pineridge a forum for making
recommendations and imple-
menting programmes through-
out Pineridge," Mr Thompson
said.
The FNM candidate said he


we will establish the Pincridge
pride initiative that will recog-
nize leaders and outstanding
members of the Plineridge con-


stitucncy, for further uniting the
community and encourage res-
idents to have a greater pride
in their neighbourhood.


it-


Christie hits out at FNM


'lies' about Grand Bahama


* By RUPERT MISSICK Jr
Chief Reporter
PRIME Minister Perry
Christie slammed the FNM at
his party's mass rally in Grand
Bahama on Saturday while
clarifying a number of "lies"
the opposition party had tried
to perpetrate against the work
of the PLP on that island.
"They tell you that here in
Grand Bahama unemployment
is worse than it ever was under
the FNM. That's lie. In fact,
May 2002, when the PLP came
to office, there were 25,190
persons employed on Grand
Bahama. By May 2006, how-
ever, four years later, the num-
ber of employed persons in
Grand Bahama had increased
to 27,540 despite the hurri-
canes," Mr Christie said.
Mr Christie also denied that
as a result of the closure of
Royal Oasis, the economy of
Grand Bahama has gone into a
deep depression and that there
is nothing else happening to
pick up the slack.
He said only one would have
to do is look at what has been
happening in the construction
sector on Grand Bahama.
In 2006, the prime minister
claims that 1050 new building
permits were issued for
Freeport. Construction dollar
value jumped from $89 million
in 2005 to $189 million in 2006
- an increase of over $100 mil-
lion.
"This happened under the
PLP, not the FNM. In addi-
tion, major players in the
Grand Bahama economy have
continued to register robust
growth. The best example of
this is the Freeport Container
Port which has been experi-
encing unprecedented growth


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* PERRY Christie


since the PLP came to power.
In 2006 the growth rate in traf-
fic jumped 28 per cent over
2005," the prime minister said.
As a result of this growth,
he said, the company added
more than 300 new employees
during the year and now has a
staff complement of more than
950.
"And the number is grow-
ing at approximately 10 new
persons each week. If you want
further proof of the FNM's lie,
all you have to do is turn your
eyes to the west. Just look at
the economic miracle that is
already beginning to bloom in
western Grand Bahama. The
Ginn Company has already
spent over millions of dollars in
preparatory work at West End.
"Heavy equipment opera-
tors are busy! Trucking com-


panics are busy. People are
working. Even the lunch ladies
are busy. And things are only
just starting. A major boom is
about to break out and when it
does it will be sustained for a
generation," Mr Christie said.
He encouraged Grand
Bahamians not to let the FNM
get away with "the wicked lie
they're going around telling
about the Ginn Project."
"They're saying that we, the
Government, gave them the
land to do the project on.
That's a big, bold-faced lie. The
land the project is being built
on is made up of'land that
Ginn bought from private
landowners, not the Govern-
ment. So that's lie No. 3 the
FNM has been telling here in
Grand Bahama," Mr Christie
said.


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PAG 4,MODAYAPIiG,20THETRIRIBUNERTONTHEEDTOR


The Tribune Limited
NULLIUS ADDICTS JURARE IN VERBA MA4GISTRI
Being Bound to Swear to The Dogmas of No Master

LEONE. H. DUPUCH, Publisher/Editor I903-19/4

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G.,
(Hon.) LL.D., D. Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


Fire hip-hop offenders, too


DON IMUS has been fired. There is no
joy in Mudslingingville.
He lost his radio and TV jobs for calling the
Rutgers women's basketball team "nappy-
headed ho's."
But Imus is just part of the story. Every
day our children listen to rappers tarring nap-
py-headed women as ho's. We will not get
anywhere until we also fire those entertainers
and their enablers.
To be sure, Imus's use of the word nakedly
exposed a largely white world where presi-
dential candidates, publicity-hungry journal-
ists, and Fortune 500 advertisers prostituted
themselves before the throne of Imus's 2-mil-
lion-listener microphone. The racist and
homophobic insults have been flying for years;
during the 2000 campaign, I questioned how
Democratic presidential candidates Bill
Bradley and Al Gore could justify going on
the show.
The inner mind of Imus was nailed long
ago, when he was confronted on "60 Min-
utes" with his own assertion that he had side-
kick Bernard McGuirk on hand to do "nigger
jokes." Imus responded, "Oh, OK. Well then,
I used that word. ... I don't apologize for
offending people, you know? And I know it's
not politically, not politically correct, and I
don't care."
It is not clear if the world Imus thrived in is
permanently altered. He should have been
fired long ago, but until now advertisers did
not care about his long series of offences.
MSNBC and CBS deny that money was a
factor, but the networks only pulled the plug
on Imus after Procter & Gamble, American
Express, General Motors, Sprint Nextel and
GlaxoSmithKline PLC pulled their ads. For a
week and a half, CBS stood by Imus, saying it
was "monitoring" the situation.
How much more, pray tell, do you need to
"monitor" a talk show host like Imus?
Of course, if we really care about n-jokes,
then there is much more monitoring to be
done. Though Imus is gone, he is still with us
in blackface. All the artists of Billboard's cur-
rent Top 10 rap albums glorify the n-word
and brag about all the "ho's" they exploit.
This reflects no change from the close of 2004,
when all of Billboard's Top 10 rap singles
used the n-word, with plenty of the h-word
thrown in.
You can only partially blame "the white
man" for its proliferation. Historically, it is no


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surprise for the top white CEOs of Madison
Avenue and Hollywood to profit off stereo-
types with no conscience. But in the next tier,
black and white hip-hop moguls and artists
made the unconscionable decision to deliver
some of the worst garbage.
Steamy "booty-shaking" music made Black
Entertainment Network founder Robert
Johnson a billionaire. Hip-hop moguls like
Def Jam founder Russell Simmons, Jay-Z,
Diddy, and Damon Dash turned hip-hop into
a $10 billion industry. According to Rolling
Stone, the industry's Top 30 moneymakers
in 2006 include rappers and moguls Diddy, 50
Cent, Eminem, Jav-Z. Kanye West and Dr.
Dre. Taken together, these six artists earned
$113 million.
The current top rap album comes from Paul
Wall. Among his past "lyrics" are: "I'm on the
hunt for some one-night love, best believe
that it's goin' down; money and ho's, cars and
clothes." In second place is Young Buck,
whose n-word-laced obscenities include
"Watch me do my thang. I got these ho's
open." It says it all when ninth-ranked Devin
the Dude brags. "I lay these ho's. slay these
ho's, play these ho's, never pay these ho's."
From there, the lyrics only get worse.
There have been black protests against this
vulgarity, but nothing of the shut-'em-down
outrage against Imus. Hip-hop apologists say
just as clearly as Imnius that they don't care.
Russell Simmons has long defended the use of
the n-word, bizarrely saying. "It means we're
special." Johnson long said that the "E" in
BET stood for entertainment, not education
or enlightenment. Yet in 1996. BET's own
vice president for programming. Lydia Cole
said, "We don't watch BET. I'm concerned
about the images portrayed of young girls."
When presidential candidate Joe Biden
called rival Barack Obama "articulate," as if
it were a surprise that a black man could be so,
BET's president of entertainment. Reginald
Hudlin, responded by saying, "It makes me
weary, literally tired, like, 'Do 1 really want to
spend my time right now educating this per-
son?"'
It is time to be weary of slurs and demean-
ing images, no matter who they come from.
Don Imus reopened a wound that will never
be closed until everyone is held responsible for
calling a nappy-headed woman a ho.
(* This article is by Derrick Z. Jackson of
The Boston Globe 2007)


EDITOR, The Tribune.
THEY say 30 is the new 20
but at the Ministry of Educa-
tion 26 is the age of education-
al retirement. It is the age at
which they cull herd and make
room for younger, less fertile,
non-breeding stock. Why the
euphemism? Because they can
sugar coat it all they want but
the truth is nasty and insulting.
Many Bahamians are handi-
capped when it comes to being
able to afford higher education
and the MOE adds insult to
injury with its National Merit
Scholarship eligibility criteria.
There are seven criteria for eli-
gibility for this scholarship. I
only take issue with two but
these two are a slap in the face
to many Bahamians seeking
assistance from their govern-
ment in an effort to better
themselves. Criteria one states
the candidate must "be a citi-
zen of The Bahamas, between
the ages of 16 and 25" and cri-
teria five states the candidate
must, "be unmarried and child-
less." The MOE goes on to
state that if condition five
(among others) is breached, the
award is forfeited.
So if I interpret this correctly,
the MOE is saying, married
Bahamians, Bahamians with
children and Bahamians over
the age of 25 aren't worth edu-
cating, they are of no merit to
this county, at least under this
scholarship. Effectively these
people are worthless and they
should be put out to pasture
and left to wander. The few pri-
vate organizations that offer
scholarships to Bahamians don't
have such strict standards. Yet,
the MOE institutionalises out-
right discrimination in bold let-
tering on their scholarship appli-
cation form.
. I would be thrilled to know
what excuses they can offer up
in defense for excluding a large
majority of Bahamians from
one, of very few opportunities
they offer to help Bahamians
attain higher education. What
possible justifiable reason can
they give for telling Bahamians,
you aren't good enough for this
particular scholarship? Are they
receiving funds from a private
donor and these are simply their
stipulations? Was the criteria
set years ago, by a committee
with a 'deity complex' that
somehow forgot they were in
government service and simply
never revised? What reasons
can they offer up to Bahamians
for telling those over 25, mar-,
ried and/or with children that
you aren't worthy of 'your'
money. After all, the MOE
funds come from the Bahamian
public.
It is discouraging enough to
be an older student. It's hard
enough trying to get an educa-
tion and support a family. It's
even more difficult to be both,


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an older student with a family to
support. So, why with all of this
stacked against them, would the
Bahamas government turn its
back on many of its people.
Why would they, unlike private
organizations set standards
beyond academic qualifica-
tions? What? Is being smart,
having good grades and char-
acter no longer good enough
anymore? Now the government
wants to dictate what age, mar-
ital status and whether or not
you have a child makes you
worthy of higher education.
These standards, however
idealistic, are insulting. We
expect these things for private
organizations that have a repu-
tation to uphold but what agen-


da does the MOE serve other
than to educate Bahamians.
They claim in their mission and '-'
vision statement that, "As the,
MISSION of the Ministry is to' -,
provide all persons in The
Bahamas an opportunity to-
receive an education...It's,
VISION is to improve the edu-
cational performance of all per,'
sons as they prepare for their
future roles as citizens in soci--',
ety." If this is truly the case,'.
what message are they sending
to the Bahamian public? That
Bahamians of merit are young;
single, don't have children and.
anyone older than 25, married
or with children should stick a
fork in it because in their eyes
you're done.

SYMONE ALLEN
Nassau,
March 28, 2007.


Commenting



on editorial

EDITOR, The Tribune.

I WOULD like to comment on your editorial in yesterday's"
issue (March 27th). ,: :
Being a Bahamian of 'mixed heritage' and towards the lighter
end of the colour spectrum, I would like to suggest that while
you are correct in your recount of some of the facts of the his-
tory of slavery in The Bahamas, there is a larger picture here that -,
you seem unable or unwilling to grasp.
I do not want to get into Mr. Mitchell's reasons for celebrat-
ing the 200th anniversary of the abolition of the Slave Trade Act.'.."
What I do want to comment on is that however slavery existed,
it did exist and what needs to be discussed is not a rehashing of'
history but the legacy of that history.
It is the legacy that we still live with today. So it is that which
must be addressed if we are to move on from the past into a '.
hopeful future.
We in The Bahamas still seem to be comfortable with the'*'
myth that for the most part there are no colour/race issues
here.
Racial prejudice cannot be 'unlegislated'. While opportunities
may exist for all Bahamians in the Bahamas of today, what we
are left with, as a former British slave colony is the way inr
which we see ourselves as black people.
What, really, is the significance that not all white people
owned slaves and some blacks did? Does that lessen the atroc-
ity and horror of what the slave trade was? Does that change
how many blacks view their 'blackness'? I do not think that soci-
ologists or indeed any keen observer of human behaviour would
argue that little white girls ever want black baby dolls. Nor,
would they disagree that far too many of us still, to this day, per-
ceive ourselves as less if our skin colour is dark-hued or our hair
isn't 'good'.
There is a disturbing and more insidious reality left behind
which extends far beyond who was a slave master and who
was not.
An entire race of people was enslaved and stripped of their ,
human dignity, not for years, but centuries not in a single,
country, but an entire hemisphere. This is an enormous chunk.
of 'civilized' human history. To try to relegate it to, "well black '
people had slaves too, you know", demeans all Bahamians;,
present and past.

JANET FOUNTAIN
Nassau,
March 28, 2007.


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Bahamians:





of no merit'


THE TRIBUNE


PAGE 4, MONDAY, APRIL 1i 200/


* *
* **
1> <
* k







MONDAY, APRIL 16, 2007, PAGE 5


THE TRIBUNE


OAL


OIn brief

Venezuela
to increase
ethanol
production

* PUERTO RICO
San Juan
POLICE in the US Virgin
Islands have arrested a sus-
pect in the slaying of a 12-
yeaurold girl whose body was
dumped in an industrial zone,
a government spokesman
said Friday.
Daniel Castillo, 30, was
being interrogated about the
death of Laquina Kadija
Hennis, a St Thomas girl
whose body was found
wrapped in a sheet and hid-
den'in a shed in the capital of
Charlotte Amalie, said Jean
Greaux. a spokesman for
Gov. John deJongh.
A.judge ruled in a proba-
ble cause hearing that Castil-
lo can be held for several
more days.
"We expect that by next
Thursday formal charges will
have been made against
him," Greaux said.
Hennis was found Wednes-
day by volunteers after a
four-day search in the Sugar
Estate neighborhood, an area
of homes and factories.
Teachers remembered
Hennis as an easygoing girl
with' a beautiful smile who
played on her school basket-
ball team, said St. Thomas
and St John School Superin-
tendent Lisa A Forde.
She died as report cards
were being distributed, never
knowing she had made the
school's honor roll for the
first? time in her life, Forde
said.
Castillo knew Hennis' fam-
ily, said Harry Rodriguez,
press officer for the FBI San
Juan. Division.
He had three prior arrests
dating back to 2002, Greaux
said..

TV star's
boyfriend to
take anger
management
BARBADOS
Bridgetown
TI4E boyfriend of British
television actress Gillian
Taylforth was ordered by a
Barbadian judge on Friday
to take a six-month anger
management course after he
was found guilty of assault-
ing 'a hotel receptionist,
according to police, according
to Associated Press.
Geoffrey Knights, the 52-
year-old boyfriend of the
actress on the long-running
BBG TV soap opera "East-
Enders," was found guilty
Thursday of slapping a 25-
year-old receptionist at the
Tamarind Cove Hotel on the
tropical island's west coast.
* Knights will take the court-
ordered anger management
course in England, a police
statement said. He is expect-
ed to leave the Caribbean
island for his home country
on Saturday.


I



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APRIL 16
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Switching sides



brings accusations



and resentment


* By RUPERT MISSICK Jr
Chief Reporter
INCREASINGLY high pro-
file FNMs who have left the
opposition party following the
return of Hubert Ingraham as
party leader have been taking a
prominent position in the PLP's
campaign strategy.
However, dyed-in-the-wool
FNMs claim that this has done
nothing to hurt their campaign,
but has instead galvanized their
core supporters.
On the other hand PLP cam-
paign generals, like the one who
spoke to The Tribune yester-
'day, said that many members
of the public have a hard time
ignoring the fact that heavy
hitting FNMs" like former Cab-
inet Minster Algernon Allen,
Ashley Cargill, former FNM
Elizabeth MP, Lester Turn-
quest, former FNM South
Eleuthera MP, Anthony Miller
current B a niboo Town NMP
Tennyson Wells, and St Mar-


garet's MP Pierre Dupuch, have
left the opposition party after
years of service simply because
of Mr Ingraham.
"Many people ask themselves
what is it about Mr Ingraham that
makes these men with significant
positions in the society run. To
many thinking Bahamians they
see what implications this has for
the country as a whole in terms of
what kind of leadership is needed
for the country to move forward,"
he said.

Effect

However, one FNM campaign
general said that Mr Allen's
migration to the PLP in particu-
lar has had a lot of positive effect
for the FNM's campaign.
"What it has done is anger
the FNM base support to see
how low these guys have
stooped. We know that they
have sold out and FNMs who
supported any of these individ-


uals before, especially Alger-
non Allen, they are very angry
with him," he said.
Other members of the gen-
eral public can see through this
part of the PLP's campaign and
can't shake their opinion that
some of "these men have sold
their support" for the prover-
bial "30 pieces of silver".
FNM chairman Desmond
Bannister told 77e Tribune that
Mr Allen's support of the PLP
has not demoralised the FNM
and has been dismissed as a
political ploy by the PLP.
"These are persons who we
don't think bring anything to
the PLP's campaign," the oppo-
sition chairman said.
The FNM base support, he
said, feel more betrayal than
any other emotion when they
consider the actions of their for-
mer party members.
"This may come back and
hurt the people who are doing it
more than anything else," lhe
said.


Voter cards for New



Providence available


* By RUPERT MISSICK Jr being denied entry to the
Chief Reporter Queen's College collection
depot after 6pm, a Mrs John-
STARTING today the vot- son from Golden Gates said she
ing public in New Providence experienced the same thing at
can collect their cards at the Carmichael Primary School.
Kendal Isaacs Gymnasium. "I arrived there at 8 o'clock
This exercise will continue at last night and they even turned
this location from Monday to away blind people. Trust me, a
Saturday, between the hours of little more and we would've had
10 am to 9 pm until further a riot," she said.
notice. .. Announcements made by the
The notice issued from par- parliamentary registration
liamentary' CdoiitnssiQoner. department that day stated that
Errold Bethel yesterday said 'all collection points would be
that registered voters in all con- open from 10am until 9pm.
stituencies can bring their The angry voter said a female
receipt, driver's license or pass- police officer said she had
port for easy identification. ordered the closure of the
If a voter has lost his/her school. As a result a male staff
receipt, the voter can still come member told the waiting crowd
and simply give their name and that all computers had been
place of residence to the return- switched off and no more voters
ing officer. would be able to collect their
The collection of a voter's cards that night.
card has been dicey in some However, the school's early
constituencies with members of and unexpected closure will cre-
the public complaining of long ate problems for those like Mrs
lines and disorganized distrib- Johnson, who works five days a
ution methods. week, from 9am until 8pm.
It was reported that a group Parliamentary Registrar Errol
of voters almost rioted Tuesday Bethel said that it is crucial for
evening when turned away by organisational purposes that
security guards from a voter voters collect their cards as soon
card collection point during as possible.
hours publicised for the collec- Due to the redrawing of con-
tion of cards. stituency boundaries, some vot-
Responding to an article in ers may be required to vote in
Wednesday's Tribune that new constituencies. Their card
described voters' frustration at will provide them with the infor-

Man attempts to hold up bar


* By PAUL TURNQUEST
Tribune Staff Reporter
A MAN who was released on
bail on Friday will be taken
before the courts again charged
with attempting to rob the
Front Porch Bar and Grill yes-
terday morning.
According to press liaison
officer, Assistant Superinten-
dent of Police Walter Evans, a
man entered the Carmichael
Road bar sometime around
lam on Sunday.
A sensor in the building was
activated and an employee was
notified by the surveillance
company.
The employee, whose identi-
ty is being withheld by police,
arrived at the Bar and Grill
while the man was still inside.
ASP Evans said that when


the employee arrived at the bar
there was a brief struggle.
"As a result the man on the
inside was shot in the ankle
area. He was taken to the hos-
pital where his condition is list-
ed as not life threatening.
"That victim, he was just
released on bail by the court
on Friday for another matter.
Now he will be before the
courts again for this matter,"
he said.
Persons released on bail by
the courts who commit other
crimes are among the many
issues causing grave concern to
law enforcement, and by exten-
sion, the entire Bahamas.
In other crime news, Hamil-
ton's Water Depot was robbed
by two gunmen of an undeter-
mined amount of cash. The sus-
pects fled on foot.


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nation that they will need t
do so, such as their polling div
sion.
Voters also need to check
that their card does not ha\


0
i-
k
c


any errors in advance of polling
day, and let Mr Bethel's depart-
ment know in advance if it does.
An official at the parliamen-
tary registration department
said yesterday that the early clo-
sure was likely due to the school
being overcrowded with voters
last week.


LITTLE BOYS


sneah6I roxx
us Pm


* ALGERNON Allen one f several to leave the FNM for
the PLP


Rosetta St.


- Ph: 325-3336


r Ir I-rrrPrau~nwnw~uwuuM~mmaRiAoude~a ~


* '.' r .rtl'" ,.. yO. yrw








THE TRIBUNE


PAGE 6, MONDAY, APRIL 16, 2007


LOA'NW


COB lecturer highlights issue




of class in election build-up


* By RUPERT MISSICK Jr
Chief Reporter
AT THIS stage of the coun-
try's development, class is a
much more important issue to
discuss than is race, Ian Stra-
chan, head of the Department
of English at the College of The
Bahamas told a radio talk show
yesterday.
Dr Strachan was guest of
radio Gem's programme, "Tell


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it like it is."
Dr Strachan said that race is a
taboo subject at all times, not
just at election time.
"Any society built on slavery,
built on the disenfranchisement
of the majority of the people
who are descendants of slaves,
you cannot pretend, even if a
hundred years has passed, that
these issues are no longer
important," he said.
However, Dr Strachan said


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that it is important to remember
that even though the issue of
race is real, powerful and rele-
vant, there should be a discus-
sion on the division of class in
the Bahamas.
"I think at this stage of our
development as a nation, class is
a much more important issue.
You can raise as many ques-
tions about whether Tommy
Turnquest should be prime min-
ister as you could about
whether Brent Symonette
should be prime minister and
this is not a race issue."
He said that the reason in the
last election Tommy Turnquest
was referred to as the boy who
was born with "the silver spoon
in his mouth" was because class
is a real issue.
Both race and class, Dr Stra-
chan said, get used very mis-
chievously during election.
"Let us look at the class of
men who become political lead-
ers in our country and let us
look at where they live, where
they send their children to
school, what their incomes are
and all those things usually will


* IAN Strachan


affect your values, the choices
that you make, your associa-
tions, your plans and your pIart-
nerships and so on, so class is an
important factor, but in the
hands of someone at election
time I doubt very seriously it
will bring about anything useful.
"But I think it is something as
a nation we need to be address-
ing as we go forward. Do we all
believe in the same thing, do
we want to promote equality,


do we want to promote an
evening of the playing field, do
we want to see those with priv-
ilege not be the only ones that
benefit from an economy," he
said.
Dr Strachan said there is a
growing sector of the public that
is fed up with the way things
are going.
"There is a group that will
not vote. That will grow. I think
you will have more that 'will
not vote' than from last time,"
he said.
Unfortunately, he said,
change in the Bahamas comes
from the top, not from the bot-
tom. This he said, is something
Bahamians need to change.
"Do some research, find out
what's going on in other coun-
tries around the world, how
they conduct elections, how
they decide who represents
whom. Be committed, for we
have to ask ourselves: How can
I personally address the prob-
lems we are facing, for Perry
Christie and Hubert Ingraham
can't do it all," Dr Strachan
said.


People of Haitian descent still feel

shame and fear, says Strachan


* By RUPERT MISSICK Jr
Chief Reporter
THERE is still a lot of fear
and shame among young people
born of Haitian descent that
needs to be combated, Dr lan
Strachan, head of the Depart-
ment of English at the College
of The Bahamas said yesterday.
He was a guest on Gems 105.9's
talk show, "Tell It Like It Is",
hosted by Sean McWeeney.
Dr Strachan said that hateful
speech, hateful utterances in the
print media and on the airwaves
are less frequent now than they
were 20 years ago.
"The fact that you can hear
Creole programmes on a num-
ber of stations is also a sign of
acceptance and recognition. Also


there is an element of the eco-
nomics. This is a sector that you
have to address them," he said.
However. Dr Strachan said
that he believes that there is a
lot more to be done in terms of
embracing a different notion of
what it means to be Bahamian.
"There is still vet a lot of fear.
and shame among young people
born of Haitian descent even if
they have been here their whole
lives. That needs to be combat-
ed." he said.
Dr Strachan said there is a
conservative element that dom-
inates the notion of what it
means to be Bahamian that
would wish for whatever rea-
son to perpetuate a certain
notion of "our homogeneity
which isn't really accurate".
"I think for instance of the
music, the nostalgia in the music
for the good old days. and the
Family Islands and people still
asking you where your people
from, that sort of thing. You
don't say Port au Paix. you say
Hard Bargain or whatever. But 1


think it has to happen and will
happen as time goes on. And we
have to challenge these notions
of citizenship and who is includ-
ed and who is not," he said.
Nevertheless, Dr Strachan
said what it means to be a true
Bahamian is largely mythical to
begin with.
"The story of The Bahamas
and its creation. Anyone who
becomes a student of history
quickly comes to see just how
heterogeneous, just how diverse
the society is in terms of the
people passing through and
what they are contributing at
different moments and junc-
tures in time. Official history,
as it is told. usually serves a spe-
cific purpose," he said.
"What we really need is to tell
a more balanced story because it
is even interesting when you
look at some of the men who
were instrumental in leading
majority rule and bringing us to
independence when you look at
where their family lines lead,
you know." Dr Strachan said.


0In brief

Patti Smith
condemns
Guantanamo
in latest song

* PUERTO RICO
San Juan
ROCKER Patti Smith said
Friday that her concern for
the hundreds of men impris-
oned at Guantanamo Bay
compelled her to record a
song detailing the odyssey of
a former detainee, according
to Assocated Press.
"I feel responsible as an
American citizen," Smith told
The Associated Press in a
telephone interview from
New York. "It's a terrible
injustice and I think it will be
a stain upon us when history
examines this period."
Smith's "Without Chains"
focuses on Murat Kurnaz, a
German-born Turkish citizen
who said he was kept under
fluorescent lights for 24-hours
at a time and complained of
being beaten at the US mili-
tary detention center in south-
east Cuba. Detainees are held
there on suspicion of links to
al-Qaida or the Taliban, and
most do not have the oppor-
tunity to face trial.
"I'm not really politically
articulate, so I try to respond
to the things that move me
in a humanistic way," the 60-
year-old singer told the AP.
"I can't imagine people lan-
guishing in prison for years
while other people are trying
to decide what to do."
In the track, which Smith
said will be posted soon on
her website for downloading,
she sings: "For four long
years I wasn't a man, dream-
ing chained with the lights on
in another world, a nether-
world. Four long years with
nothing to say. Thoughts
impure at Guantanamo Bay."
Kurnaz, 25, was released in
August from the detention
center and flown to Ger-
many, bound hand and foot,
after spending more than
four years there without ever
being charged.

Shiare
your


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from people who are
making news in their
neighborhoods. Call us
on 322-1986 and share
your story.


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......... ...... f. onricin Har ealth


The Tribune
W' low
W* e&O-A


US non-compliance with WTO ruling




in favour of Antigua and Barbuda


* By SIR RONALD
SANDERS
(The writer is a business
executive and former
Caribbean diplomat).
CARIBBEAN Community
(CARICOM) Heads of Gov-
ernment should put on the
agenda for their meeting in
June with US President George
W Bush US non-compliance
with a World Trade Organisa-
tion (WTO) ruling in favour of
Antigua and Barbuda.
In 2003, the small Caribbean
island of Antigua and Barbuda
won a landmark case against
the US at the WTO when a
panel found that US domestic
laws were not in conformity
with its obligations under the
General Agreement of Trade
in Services by prohibiting the
delivery of internet betting and
gaming services into the US
from Antigua.
Since then, the ruling in
favour of Antigua and Barbuda
was upheld at the appeal level,
and, at the end of March, the
Caribbean island obtained a
WTO panel ruling that the US
has not complied with its direc-
tion.
CARICOM Heads of Gov-


ernment have indicated their
support for the merits of the
case presented by Antigua and
Barbuda against the United
States in the WTO on cross
border supply of services. In
the communique of their 2005
Conference, they acknowl-
edged that "the case had impli-
cations for the provision of ser-
vices across borders by CARI-
COM Member States, and
indeed all members of the
WTO" and they expressed the
view that "the case was a pio-
neering one and was instruc-
tive in many ways on how small
states could defend their rights
in the WTO."
In light of the US non-com-
pliance so far with the WTO
ruling, CARICOM Heads of
Government should seize the
opportunity of the meeting


in 'ght
w -f W W

WORLD VIEW>--


with President Bush to raise
directly with him the impor-
tance of US compliance not
only in the interest of Antigua
and Barbuda but because of
the necessity to preserve the
integrity of the dispute settle-
ment process at the WTO.
Again, I declare an interest
in this matter because I was
Antigua and Barbuda's
Ambassador to the WTO when
the case was filed and won in
2003.
It is instructive that the US
government lodged complaints
against China with the WTO
on April 10th.
The two complaints,
announced by Susan Schwab,
the US Trade Representative,
relate to allegations of piracy
of American copyright goods
and barriers to the Chinese
market for entertainment and
business products.
The Chinese have denied the
US allegation on copyright


E SIR Ronald Sanders


stating that "the Chinese gov-
ernment has always been firm
in protecting intellectual prop-
erty."
The US is facing a significant
trade deficit of $765.3 billion
in 2006 and its trade imbalance
with China has climbed to
$232.5 billion, the highest level
recorded with a single coun-
try. Therefore, the action it is
taking against China is
designed to get redress for loss
of government revenues, loss
of income to US businesses arid
threats to US employment.
In every way, the losses that


the US is protesting about to
the WTO in relation to China
are identical to the losses that
Antigua and Barbuda com-
plained about in relation to the
US.
And, we can rest assured
that if a WTO Panel finds in
favour of the US, the US gov-
ernment will move swiftly to
apply heavy tariffs on Chinese
imports if China fails to comply
with the Panel ruling.
The US government cannot
have it both ways. It destroys
its own credibility and weak-
ens its own moral authority
when it ignores its obligation
to honour a WTO ruling in
favour of little Antigua and
Barbuda, but runs to the same
WTO when it is unhappy with
its trade relations with giant
China.
Caribbean leaders might also
indicate to President Bush that,
by continuing to hurt Antigua
and Barbuda through the US
government's failure to com-
ply with the binding ruling of
an international body, the US
loses influence in a region
where it is already concerned
about the sway of others such
as Venezuela and Cuba.
If the US continues not to
comply, its action will be
regarded throughout the region
as nothing short of a demon-
stration of the power of big
over small. It will reinforce in
the minds of many the allega-
tion of US imperialism and
push the Caribbean away from


sympathy for US causes.
President Bush might also be
advised that if the US ignores a
WTO Panel ruling over a dis-
pute with a Caribbean country,
it calls into question the advis-
ability of Caribbean countries
entering a Free Trade Agree-
ment with the US either bilat-


erally or through a Free Trade
Area of the Americas (FTAA).
For, if the US will not sin-
cerely honour a WTO arbitra-
tion ruling, what guarantee is
there that it won't do the same
in a bilateral or multilateral
free trade agreement with the
Caribbean? There is great


3pm 7pm:,,


need for the establishment of
trust in any bargain, and the
US now has a chance to show
the Caribbean that on trade
matters it will be faithful.

R e s p on s e s to :
ronaldsanders29@hotmail.com


i JII * ; : .


Sonia Isaacs Er More! Gallo of Sonoma, Wente


Share

your

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


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presents


"In light of the US non-compliance
so far with the WTO ruling, CARICOM
Heads of Government should seize
the opportunity of the meeting with
President Bush to raise directly
with him the importance of US
compliance not only in the interest
of Antigua and Barbuda but because
of the necessity to preserve the
integrity of the dispute settlement
process at the wro."


Saturday, April 21st 2007. .
Poop Deck, Sandyport, West Bay Street


Artwork and live painting by: Featuring Wines from:


Antonius Roberts,
Malcolm Rae, John Cox


Ruffino, Drouhin,
Sterling, Black Swan,


------~


MONDAY, APRIL 16, 2007, PAGE 7


THE TRIBUNE


th








PAGE 8. MONDAY, APRIL 16, 2007


THE TRIBUNE


LOCALN


3,000 expected to



attend fun walk




for health living


ATLANTIC Medical will
"walk the walk" to demonstrate
the right way to healthy living.
The Bahamas Diabetic Associ-
ation and the Bahamas Cancer
Society will join in again this
year for the biggest Atlantic
Medical Fun Walk, which is
expected to attract 3,000 per-
sons.
The main objective of the
walk, says Darren Bastian,
Senior Account Executive,
Atlantic Medical Insurance
Limited is to encourage and to
create an increased awareness
of living healthy.
"In our business we often see
a number of lifestyle diseases
that can sometimes be avoided
or controlled through proper
diet and exercise. It is our hope
that this event encourages the
public at large to "walk the walk
when it comes to living
healthy," he said.
"Additionally, proceeds from
this walk, taking place at 6 am
on April 21 will support The
Cancer Society of The Bahamas
and The Bahamas Diabetic
Association, so we encourage
everyone to come out and sup-
port these two worthy chari-


* EMPLOYEES eagerly register Seen left to right are
Vivienne Forbes, Darren Bastian, Lynn Musgrove, Alana
Ingraham, all of Atlantic Medical; Don Davis of KPMG with
JP Morgan Executives, Sonia Cunningham, Shavaughn Blades
Monique Knowles and Peter Mitchell.


ties," said a spokesperson. "Last
year, we gave approximately
$40,000 to these worthwhile
charities."
The route will go west on
Shirley Street, to Church, north
onto Church Street to the new
Paradise Island Bridge, east of
the bridge to the Paradise


Island Golf Course and then
back to Montagu Beach by way
of the old bridge, east on East
Bay Street to Montagu. Last
year the walk attracted thou-
sands of participants who
enjoyed the biggest and best
organised fun walk event in the
Bahamas.


* EUGENE Thurston, PR director of The Bahamas Diabetic Association, accepts an Atlantic
Medical Fun Walk kit from Atlantic Medical Staff. Left to right are Vivienne Forbes, Darren
Bastian, Eugene Thurston of the Bahamas Diabetic Association and Lynn Musgrove.


Proceeds to benefit Cancer Society of the

Bahamas and Bahamas Diabetic Association


i,


Numerous corporate entities
have pre-registered for the
event in great numbers as they
await the big day, to "walk the
walk" as Atlantic Medical
reminds everyone through the
event of their most valuable
asset good health.
"Raffle prize drawings will
feature exciting items such as
weekend stays at the Wyndham


Crystal Palace Resorts, BTC
phones, and Bally's lifetime
memberships. All participants
will be eligible to win any of
these great prizes. Additionally,
everyone who registers for the
walk will receive a free t-shirt,
and an Atlantic Medical fanny
pack," said the spokesperson.
Fruits, water and healthy snacks
also will be available on


the morning of the walk.
Walkers of all ages are asked
to contact Atlantic Medical
Insurance Company Ltd. at 326-
8191 to register in advance for
the event.
Categories for the event
include 12 and under, 13-18,19-
30, 31-45, 46-59 and "age
ain't nothing but a number" -
60 and over.


Artist holds first exhibition at Doongalik Studios


Soraya Chemaly's first Art
Exhibition, "Splendid Spring"
held at Doongalik Studios at
Marina Village on March 30
was deemed a great success as
her striking oil canvases cap-
tured the eye and ushered in
the glorious sense of Spring.
' The opening was well attend-
ed. Persons were able to meet
the Bahamian artist who
presently resides in Washing-
ton, DC, and thoroughly


enjoyed the art.
"I had a wonderful time",
said Soraya, "conversing with
the people who attended,
reconnecting with friends I had
not seen for years, and even
meeting friends who by chance
were visiting the Bahamas from
Washington! I am very pleased
with the success of the show
and of the fact that we were
.able to introduce my work in
Nassau."


First time art buyer. Lisa
Benjamin was ecstatic with her
purchase which she said contin-
ues to impart joy and beauty in
her workplace. "This is what art
is all about," said gallery owner
Pam Burnside. "It's purpose is
to create a certain connection
with the viewer to evoke a reac-
tion that is inspiring."
"Without art." added Jack-
son Burnside, "society is but an
empty shell without inspiration


SCHOOLDR
SCHOOL


World school


ENROL IN THE INTERNATIONAL BA CCALA UREA TE DIPLOMA
PROGRAMME A T ST. ANDREW'S SCHOOL


The International Baccalaureate Diploma Programme (IBDP) is an exciting and
challenging academic programme that prepares high school students exceedingly
well for their tertiary education. The two-year programme is offered in Years 12
and 13 at St Andrew's School and is highly favoured by universities and recognized
by the ministries of education in over a hundred countries worldwide as an
outstanding introductory curriculum to university education. As a result, it opens
the doors to students to study at renowned universities anywhere in the world and
many students receive additional scholarships upon successful completion of the
diploma. North American universities highly value the IB Diploma students in the
admissions process. Many students receive advanced standing and, in some cases,
complete credit for their Freshman year in universities.

The following will be reviewed by the school when considering students applying to
the programme:

BGCSE results
SAT scores
School reports and recommendations

Information pamphlets on the IBDP and the various courses offered at St. Andrew's
School are available from the Admissions Office.

For further information, please contact:

Sharon Wilson
Admissions Officer
St Andrew's School


Phone: 242.324.2621


e-mail: swilson(st-andrews.com


Additionally, general information may be obtained on the International
Baccalaureate website at: www.ibo.org


or thought. We need Art in all
its forms fine art, music,
dance, literature in this com-
munity more than ever to
inspire our people to think and
to respect each other. When we
allow ourselves to be creative
in producing Art or become
emotionally attached when
experiencing it, we become bet-
ter persons in touch with our
spirit and our soul, able to rec-
ognize the 'connectiveness' and
respect we need to have for one
another."
Several guests at the opening
were the proud winners of
signed posters of Mrs Chema-
ly's artwork and participants
were treated to fine wines, com-
pliments of Butler and Sands.
The Exhibition was on display
until April 14.


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T-IHETRI^BUNEMONDAYAPRIL16,2007,APAGEW9


Search still on for missing


Canadian Darrell Coultier

POLICE are renewing their
call for the public's help in find-
ing Canadian Darrell Cloutier
who disappeared early last
week.
He was last seen between
April 10 and 11 at the Sunrise
Beach Villas.
Mr Cloutier, 34, is 5'9",
weights 180 pounds, has a bright
complexion, a receding hairline
and dark brown hair.
He was last seen wearing
black khaki pants, a beige golf
shirt and black dress shoes.
Anyone with information on
the whereabouts of Mr Cloutier
is asked to contact the CDU at
502-9930/9991, the police con-
trol room at 322-3333, crime
stoppers at 328-8474 or the
nearest police station. M DARELL Cloutier


Aquaculture facility


planned to boost


marine stocks


WITH the population of
conch and grouper seriously
declining, a Lyford Cay scholar
is working with a respected
marine conservationist to help
restock this nation's supply by
establishing a conch and fish
hatchery.
Lyford Cay Foundation
scholarship recipient Timothy
Blair, with partner Dr. Val
Cooper of the Harbour Branch
Oceanographic Institute of Fort
Pierce, Florida plans to open
the aquaculture facility in Nas-
sau. The pair Mr Blair focus-
ing on conch, Dr Cooper on
grouper will start with tanks
on a three-acre site;
"Two conchs mating can pro-
duce up to six million conchs a
year," Mr Blair said, "but in the
wild, the survival rate is less
than one per cent." In a pro-
tected environment, the queen
conch can be cultured to have a
higher survival rate, and then
be released into the sea. This
process could greatly assist the
preservation of the pearly pink
mollusk and ensure that our
fishermen have a bountiful har-
vest."
Mr Blair's interest in conch
stemmed from his own love of
it.
"When I was young, conch
was ubiquitous," he said. "It was
so abundant, prices were cheap
and quality was good. I enjoy
eating it any way it's served -


conch salad, scorched conch,
cracked conch, conch chowder."
A decade ago, there was little
concern about national conch
stocks.
"But today with poaching and
over-harvesting of the conch
soaring, the future seems
bleak," Mr Blair said. "As a
nation, we must take an active
approach in preserving and
replenishing the wealth that lies
in our fisheries stocks."

Selection

Mr Blair said success of the
hatchery process is dependent
on carefully selecting healthy
brood stock conch for start-up
and monitoring their growth
and development in prepara-
tion for them to matriculate
back into the wild.
"It's funny, I grew up in Nas-
sau loving conch, but it wasn't
until I was afforded an oppor-
tunity by the Lyford Cay Foun-
dation to attend college to study
aquaculture and fisheries that I
realized I could do something
to preserve our conch," Mr
Blair said.
Now at 20, Mr Blair is one of
350 recipients to benefit from
the Foundation's Technical
Training Scholarship Pro-
gramme, which began in late
1994 to help fill gaps in the
skilled labour force.


Venezuela's Chavez

backs Iran in nuclear

dispute and warns

against US attack


* VENEZUELA
Caracas
CARACAS, Venezuela (AP)
- President Hugo Chavez
defended Iran's "legitimate
right" to develop nuclear power
for peaceful energy uses, warn-
ing the US on Sunday not to
attack Venezuela's ally in the
Middle East, according to Asso-
ciated Press.
"We demand that the North
American empire respect the
Iranian people and the peoples
of the world," said Chavez, a
close ally of Iranian President
Mahmoud Ahmadinejad. "The
only country that has developed
atomic bombs and dropped
them on entire peoples is the
North American empire ... they
don't have the morality to be
giving anybody lessons."
The UN Security Council
imposed new sanctions on Iran
last month over its refusal to
suspend uranium enrichment, a
process that can produce fuel
for nuclear reactors or the mate-


rial for atomic bombs. Wash-
ington and its allies allege that
Iran is seeking to develop
nuclear weapons, but Tehran
says the program is strictly for
generating electricity.
"Iran has the legitimate right
to develop nuclear energy,"
Chavez said Sunday on his TV
and radio program "Hello Pres-
ident."
A military attack on Iran
"would be madness," Chavez
added. "The consequences
would be terrible."
The latest sanctions banned
Iranian arms exports and froze
assets belonging to 28 people
and organizations. Iran has
rejected the sanctions and
announced a partial suspension
of co-operation with the UN
nuclear watchdog, the Interna-
tional Atomic Energy Associa-
tion.
Under Chavez, Venezuela
has cultivated ties to Iran and
other nations at odds with
Washington, including North
Korea and Syria.


Mr Blair expects the aqua-
culture project to be commer-
cially viable in the future and
hopes to also create opportuni-
ties for other Bahamians.
Thanks to one young man's
appetite for the tasty meat of
the mollusk, his curiosity and a
Foundation that provided an
educational opportunity, conch
pearl farming and farming the
Nassau grouper could also be
thriving enterprises.
"By providing educational
opportunities, the Foundation
positively influences the growth
and development of our
nation's youth. In time, these
opportunities will bring forth
much fruit that will impact the
world," said Mr Blair.


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Share your news
The Tribune wants to hear
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.


I


MONDAY, APRIL 16, 2007, PAGE 9


THE TRIBUNE


~d~







PAG 10 MODYi PI 6 20 H RBN


M Y Grandmother tells
the story of a man
she knew in Long Island who
came to Nassau to work for E P
Taylor many years ago. When
the prospective employer
warned that he could not pay
"too much", the young man's
response was "that's okay. Mr.
Taylor. I wasn't, planning to
work too much."
It seems it has never been
straightforward to determine
just who is responsible for the
problems of worker inefficiency
in The Bahamas: employers, or
workers themselves.
But in the last decade or so,
Kerzner International seems to
have answered that question
more satisfactorily than anyone
could have expected. Atlantis,
the country's most enlightened
employer, can hold its own in
terms of service and productiv-
ity with the best in the world -
and all on .the back of the much-
maligned Bahamian worker.
In the Turks and Caicos, a


country that is both a geo-
graphic and a cultural extension
of the Bahamas, a different
employer culture has resulted
in similar outcomes to Atlantis
in terms of workplace efficiency.
A smart guess is that the exclu-
sion of non-Bahamian employ-
ers in retail industries is what


A higher minimum wage



would increase efficiency



and employment


a case in point. If you go to the
deli counter of the flagship store
in Providenciales, you will find
a well ordered counter with a
heated surface on which food
items (peas and rice, macaroni
and cheese, fried fish, etc.) are
all singly packaged in labelled,
measured portions. The pur-


on the other hand, the foods are
all behind a counter, where a
small army of laid back matrons
take orders and fill plates one at
a time. Portions, of course, are
within the discretion of the
ladies, as is speed. The result is
a long, slow line, comprised
mostly of construction workers
yelling at annoyed looking serv-
ing ladies. It is as primitive (and
unnecessary) a system as can
be imagined.

For the customer, it is a
generally disagreeable
and totally unnecessary experi-
ence. For the workers, it is both
an overuse of human resources
(in terms of numbers) and an
under-use of actual skills. Put
short, it is an example of the
Bahamian employers' view of
workers in "plantation" terms:
sheer numbers of workers com-
pensate for the low skills, lack
of technological investment and
poorly planned work environ-
ment that they (the employers)
regard as a norm.
Employers complain of the
low skills levels of entrant work-
ers, but the work environments
which they create actually
demand exactly the kind of
workers they get. The attitudes
of employers to labour are
stamped all over the workplaces
that they create. They pay little,
demand little, expect little and
get little.
Take the fast food industry
as an example. Bahamian fast
food outlets sell the same prod-
ucts as their American counter-
parts, their prices are higher
and, on average, their prof-
itability per outlet is much,
much higher (a few local fran-
chises have, for instance, been
rated most profitable in the
world of all their franchise par-
ents' outlets worldwide).
So naturally you would


workers.
All of this would have hap-
pened naturally were Bahamian
businesses subjected to the kind
of competition that businesses
elsewhere must face. Hence, r
Atlantis, exposed to interna- ,,4
tional competition, cannot
afford the kind of primitive
labour usages you will find in a ,
Bahamian food store or gas sta-.,
tion. Instead, they concentrate .
on producing good, highly
trained (and very well paid) .,
workers.
For those many business
areas subjected to protection
from foreign competition, the
jolt into 21st century employ-
ment culture must clearly come
from elsewhere.


Employers complain of the
low skills levels of entrant
workers, but the work
environments which they cre-
ate actually demand exactly
the kind of workers they get.


accounts for the difference in
the "local" side of the Bahami-
an economy.
IPA, the leading food-store
chain in the Turks and Caicos, is


chaser just walks by, picks out
what he wants and walks over
to a cashier. It is all done in a
matter of seconds.
Ii a Bahamian supermarket,


laughability in the Bahamian
context.
Here, the ordinary relation-
ship between wages and prof-
itability is suspended, since (as
we have seen in the fast food
example) wages are not deter-
mined by profitability. If they
were, Bahamian fast food work-
er wages, for example, would
exceed those of the US.
On the other hand, it is
tempting, but wrong, to see
profitability as a sure sign of
productivity. In a market dis-
torted by protectionism, prof-
itability can be achieved despite
great inefficiencies, including
an inefficient use of labour.
Whereas at present the pro-
ductivity of Bahamian busi-


Crowds flock to visit 2007 Bridal Show


PERSPECTIVES
mmmmmmemmmme4


ANDREW


expect their workers to be both
better trained and paid more
than their US counterparts,
right? Wrong.
The training (and hence pro-
ductivity) levels of local fast
food workers are, if anything,
negatively distinguishable from
their US counterparts. In addi-
tion, their pay is less, since the
minimum wage is less.

So if the money that
Bahamian fast food
franchisees rake in does not go
on better trained and better
paid workers, then where does
it go? It goes into making some
very well-heeled burger mer-
chants, for one. But an impor-
tant side-effect is that it sub-
sidises mediocre levels of pro-
ductivity.
This column has previously
argued for a drastically raised
minimum wage. All of the clas-
sic economic arguments against
it are ill-fitting to the point of


ALLEN


nesses generally suffers from an
inefficient use of labour, rais-
ing the wage would result in an
investment in more technolo-. ,,
gy, training and a more efficient
use of labour. This response by
employers would increase pro-
ductivity and profitability across ,
the board and promote more,, .,
(not less) jobs throughout the
economy.

o give a concrete exam- ,
pie, if the food store
employer were forced to pay a
better wage, he would have no,
choice but to eliminate the
primitive plantation style deli
and institute a more efficient .
system probably like the sys-
tern in Providenciales. He may
have to cut many jobs, but those
that are lost in streamlining his
operation would be more than ;
compensated, in terms of jobs
created, both by the boost to
overall productivity and the ,
increased spending power of ,


Dr. Gillian

Barbara Cant

18th November, 1920 10th April, 2007

Dr. "Jill" Cant died peacefully in Hamilton Hospital in
Hamilton, Australia.
Jill was born in Oxford, England, to Rosalind and Murray
Wrong, and was one of six children. She studied medicine
at Cambridge University, and in 1945 she married Dr. F.E.
"Vee" Cant.


After her husband's release from the R.A.F. the Drs. Cant worked briefly with the National
Health in England before joining Shell Oil Company. Vee Cant remained with Shell from 1948
to 1964 and during this period Jill worked periodically with Shell, or various clinics, in Trinidad,
Nigeria, Qatar, Borneo, Indonesia, and Iran. Jill was also busy bringing up five children during
this period.
In 1965 Dr. Vee Cant came to work with the Bahamas Government as District Medical Officer
for the North Eleuthera area, which also included Harbour Island, Spanish Wells, and Current
Island. Jill practised medicine privately at the same time, generally assisting her husband and
making herself many Bahamian friends.
Vee and Jill left the Bahamas in 1976 following which they went to Australia where they operated
a private practice in Sawtell in New South Wales. Vee and Jill retired in 1985 and returned back
o Then home just north of Oxford in Englaud. In February 1993 Vec predcseased Jill. Jill
icon)tin )l] i live IinIl:gland l aedilig a busy life where she was guardian and mentor lo many
granadliidilen, an elmthn:usiastic member ol'a musical group, a friend of many, and a master of
the most difficult crosswords. Jill traveled frequently to visit family and friends in Australia, the
Bahamas, and the U.S. In November, 2005, she returned back to Australia to live with her
daughter Tess.
Jill is sni vived by her children: Richard, Tess, James, David, and John, and their families, and
by her brothers Charles and Oliver, and sisters Imogen and Elizabeth. She was much adored by
her 16 grandchildren and will be sadly missed. Jill will be privately cremated in Ballarat, Australia.


* FORDES the Prefessional Goldslnith, the wedding band specialist, show off their rings to the
ladies yesterday at the 2007 Bridal Show held at the Wyndham Hotel
(Photo: Felipi Major/Tribune staff)


%Arriving
Prices includes: I icen'ing., Inspection, Plates, Mats. Iull tank ot'as, full service
PI'e-I)clivery lnspcclion, Ill Del)ctail in & Out. and Warranty.
Located: ThompsonsBlvd
JTel: 325-0881/2 Open:Mon.-Fri. 8a^m.-5:00p


Raising the wage would result
in an investment in more
technology, training and a
more efficient use of labour.


Customer Service Workers

Food Service Workers

Cashiers Utility Workers

Supervisors
Attractive salary with benefits.
Flexible Hours:
Part-time, Full-time & Weekend positions available.
Opportunity to train on the job, and advance in a dynamic company.

APPLY IN PERSON AT:
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Tuesday, April 17th thru Friday, April 20th
Between the hours of 10am 4pm




DEATHNOIC


. - I


THE TRIBUNE


PAGE 10, MONDAY, APRIL 16, 2007







MONDAY, APRIL 16, 2007, PAGE 11


THE TRIBUNE


Dion Foulkes pledges to strengthen




local government in Mayaguana


* By RUPERT MISSICK Jr
Chief Reporter
Opposition candidate for the
MICAL constituency Dion
Foulkes promised that if elected
the FNM will give Mayaguani-
ans a greater control over their
lives by strengthening local gov-
ernment and giving more
responsibility to elected coun-
cils.
Further he promised that he
and the FNM government
would consult local government
on all matters affecting the com-
munity, especially setting pri-
orities for the achievement of
the goals set out in this plat-
form.
To strengthen our economy,
Mr Foulkes promised that he
would promote increased
Bahamian ownership, and cre-
ate quality jobs by strengthen-
ing incentives and concessions
to support Bahamian-owned
tourism-related businesses such
as hotels, guest houses and eco-
resorts.
He said that the party would
encourage light manufacturing,
agriculture, fisheries and food
processing industries, provide
advisory services and other sup-
port for Bahamian entrepre-
neurs, and expand and simplify
the government loan guarantee
programme in support of
Bahamian businesses.

Trade

The former deputy leader of
the FNM also said that he
would lobby to encourage direct
trade and commerce between
Inagua and neighboring coun-
tries such as the Dominican
Republic, Cuba and the Turks
and Caicos Islands, along with
examining the feasibility of a
Freeport at Inagua.
He acknowledged that there
need to be modern harbour
facilities in the constituency to
accommodate cruise ships,
yachts, roll-on roll-off cargo and
Defence Force vehicles.
After outlining his plans for
improvements in education and
other issues Mr Foulkes took a
swing at the incumbent PLP MP


'


WCi


* DION Foulkes


Alfred Gray.
"He must think we're stupid.
For five years he did absolutely
nothing and now he comes
along a couple of weeks before
the election trying insult our
dignity by offering three-month
jobs.
"'Why didn't he do this fiec
years ago, and what is going to
happen after the three months
is up'? You know what is going
to happen," he said.
Mr Foulkes said that he felt
blessed that he may soon have
the privilege of representing this
island in which both of his par-
ent's "navel strings are buried".
"Because we are one famih. I
will represent all Inaguans, all
the time. I will represent FNMs.
PLPs and people of every polit-
ical affiliation. Together, we will
make one of the Bahamas' best


kept secrets. one of the best
known jewels in our family of
islands.
"In doing so we will be
returning Inagua to its rightful
place as one of the premiere
je\ els in the Bahamlianl
crown," tihe former cabinet
minister said.
Thomas Charlton, chairman
of the FNM Mayaguana ('on-
stituencv Association, also
spoke at the meeting. In addi-
tion to Mr CI'harlton. also speak-
ing w\ ere David "Boy" Cun-
nilghatm. deputy chief councillor
for 'rooked Island and Long
C'ay: Stephen Wilson, former
chief councillor tor Acklins and
MN ar in (in 'mpbell. deputy chief
councilloi for Acklins. The
ineeting \\as chaired by ('aptail'
Stephen Fawkes, FNM Inagua
clanpaign manager.


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PAGE 12 MODY PI 6 20 H RBN


LSpqA


Harborside Resort at Atlantis 'dominates



vacation ownership in the Bahamas'


ACCORDING to a recent industry
study oV Interval International mem-
bers2'"We Caribbean is the top inter-
natiodi destination of choice for its
US niiiibers. More than 66 per cent of
inter.Vait International US members
cite, leCaribbean as the top intern
national destination followed by Europe
with. 44,per cent and Mexico with 25
per aest.
Locdted on Paradise Island, Har-
borside.-Resort at Atlantis continues
to dobiinate the vacation ownership
indtiifr in the Bahamas and is the
only ovationn ownership property that
is parf6f the acclaimed Atlantis Resort
& Casino. Harborside opened in 2001
and e ently has nearly 400 fully fur-
nislitefvillas located near the new
Marih;aVillage at Atlantis.
"HaSorside is one of the most suc-
cesstuhacation ownership resorts in
the 6albbean and I attribute much of
ourisucess to our location within
Atlat Wand having the best sales and
mar.aerng team in the industry. I am
extrrAnly proud of how this team con-
tindes o pull together to meet our
objoitiMs and make this resort an inte-
gral pa of the company," said Martin
Tola,, Vice President, Sales and Mar-


"Harborside is one of the most
successful vacation ownership resorts
in the Caribbean and I attribute much
of our success to our location within
Atlantis and having the best sales and
marketing team in the industry."


Martin Tolan, Vice President, Sales and Marketing
Caribbean & East, Starwood Vacation Ownership, Inc.


keting Caribbean & East, Starwood
Vacation Ownership, Inc.
Harborside Resort at Atlantis is a
50/50 joint venture between Starwood
Vacation Ownership and Kerzner
International Limited. Owners and
guests of the resort have'access to the
many amenities at Atlantis including
the world's largest open-air marine
habitat, the Mandara Spa and fitness
center, restaurants, clubs and the
largest casino in the Caribbean. Each
villa includes a fully equipped kitchen,


whirlpool tubs, private terrace and sep-
arate living room and dining areas.
Currently, Hlarborside Resort at
Atlantis employs more Ihan 220 people
and has essentially sold out the first
phase of the resort. Sales continue in
the second phase which includes the
first three-bedroom villas which are
perfectly suited lor larger families. In
addition to all the amenities at
Atlantis, IHarboisidC also features its
own cero-enltry frcc foriin pool, a
whirlpool spa, clildriin's pobl, restau-


rant and bar, as well as a fully
equipped fitness center.
"Harborside Resort at Atlantis is
one of our most requested resorts in
the system and continues to achieve
extremely high guest satisfaction
scores. Obviously, Atlantis, Paradise
Island is one of the most renown
resorts in the world and we are proud
to be a part of this special place. It is a
privilege to offer Harborside Resort
to those consumers who are seeking a
lifetime of vacations at Atlantis," said
Tolan.
As a part of its continued quest to
create memorable vacation experi-
ences for its special guests, Kerzner
International recently unveiled its new,
unprecedented 63-acre waterscape,
AQUAVENTURE. This non-stop
water experience, containing over five
million gallons of water, consists of
thrilling new water slides, a mile-long
river ride with high intensity rapids
and wave surges, and never-before-
seen special effects that add an
extreme level of excitement to the
overall experience. Also, opened in
2007 was the resort's dolphin interac-
tion and education center, Dolphin
Cay.


I c po li cerc. i t i.oye

forsaincachbtrelaseno


* KINGSTON, Jamaica
JAMAICAN police ineslti-
gating the killing of Pakixian
coach Bob Woolmer at the
crickei \ world Cup si\ the.\ h.iL
have (ceied results ofto\icol-
og tests but decided to Jelai
releasing the findings to he pub.-
lic, according 1 A tit I
Press.
"We have received the toxi-
cology report but we're not
going;to go public with it right
now,:' Deputy Police Commis-
sionyr Mark Shields told


reportlcrs .it the Kiiiscton hotel
%%here \\oolnmer s bod\ %as
lound the d.i\ alter his teamni was
elinunated lion the \\'oild Cup.
Shields. ,I f rmer Scotland
1lid Jd..'el'tlt, th% I i's I ] Jadllng
ilie hoinicide piobel''. ,i.nd the
Ire iills \\(.'ulJ i-.luluil liii ihci
.nl.'il]\ ss ,Ind inIX._'sli :1tini in
m.' I'lllllL' J.l\ -.
ltll ish II1 > nl.nli\>. nindulltinii
a review of the investigation
have delivered their findings to
police, but Shields did not dis-
close details of that report
either.


Head, IT Infrastructure,

Bahamas and Cayman

-e Islands
Ag excellent opportunity has arisen for a highly motivated
ITprofessional to lead our IT Infrastructure team. The role
wgl be based in Nassau, Bahamas, and will have
responsibility for leading the Infrastructure teams supporting
oAt retail and private banking business units in The Bahamas
aril. Cayman Islands.
Roorting to the Head, International Retail Infrastructure
(b4sed overseas), the successful candidate will need to take
ovlgership and accountability for the day-to-day operations
and client service to our business units. The key platforms
ar provisioned from Microsoft Windows 2003, XP and IBM
i-fries technologies.
Tl role will primarily focus on leading a team of IT
professionals in the day-to-day provision of client service
excellence. A key component will also be the definition,
planning and execution of technology deployment strategies
based on enterprise wide technology standards. A strong
process orientation will be an advantage, preferably with
aninderstanding of Information Technology Infiastructure
Lilary (ITIL) practices. An ability to work under pressure
wlilst maintaining clear thinking is essential. A flexible
arrn proactive disposition, strong communication skills are
al~s an essential component for this role.
T4i successful candidate should possess the following
qualifications and attributes:
& College degree in computer information systems or a
illated field (BSc)
4 proven track record in the management of an
Information Technology group
E* perience of budget management
icrosoft certification
management and support of an ATM network
A rong leadership skills
A client service oriented outlook
,amwork & co-operation
Moblem solving and good organizational skills
Q confidentiality
pact and influence
lationship building
cellent communications and interpersonal skills,
i-cluding writing and negotiating
A &mpetitive compensation package (base salary & bonus)
commensurate with relevant experience and qualifications
is offered.
Ply(se apply by April 20, 2007 to:
Regional Manager
-Human Resources
,Caribbean Banking
.Royal Bank of Canada
'Bahamas Regional Office
.P.O. Box N-7549, Nassau, N.P., Bahamas
;Via fax: (242)328-7145
_ ^,-,Via einail:bahcayjp@rbc.cot


%\\ IolIIrlc JI d .lh M .1,.h1 I
sh'iock.' d thi li locih l Clkk t II.-
ierni\ .ind .11i .1 p.ill ,11,. i lt1
\%orld Cup. bK ing pl,,.I d in li et
C.iribbe..in inlrii., ihioun-li
lat .-\piIll
The -L .iIr-I l- i I.'l liin.in
V.,s lhiund i iinc l, usi i in, Iln i,
hotel lo IIn .tilC pl|n, l i I I Il
d ,i d l i .1 h l l'|' l l ] l ll 1 U lll,- II
Ail ll s l s lilid .ai ij >I .. i I ,.
land on St. Patrick's Day.
A pathologist who conduct-
ed Woolmner's autopsy initially
ruled his death inconclisi\ c but
four days later announced he
had been strangled.
Shields has said Woolmecr
likely knew his killer or killers
because there was no sign of
forced entry at his hotel room.
More than three weeks later.
investigators have not identified
any suspects.
A coroner's inquest into the
killing begins in Kingston on
April 23.

N PAKISTAN cricket coach
Bob Woolmhner is seen during
practice at the National Crick-
et Center in Couva, Trinidad,
in this March 8, 2007 tile
photo.
(AP Phoito
Themba Hadebe. file)


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to be a part of our WOW service team.


Cook Dietary Dcpartlment
We are looking for an enthusiastic, hardworking cook to join our
kitchen teamN Must have a positive attitude, physically tit, high
school diploma, computer literate, excellent customer service
skills essential.
Qualifications:
'Ceitilicate in Culinary Arts
experience in an industrial kitchen
Special Nutrition knowledge a plus
.* I excellent written oral communication
Food-Ilandleis health certificate

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i llr.dd,' I,, 1 ,'f

Please ssibmliit LesumIe to. llHuman ResioucesDil')epa.itmenti Doctois Hospital
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=


Thirty Cuban

migrants break

out of Cayman

Islands facility

* GEORGE TOWN,
Cayman Islands
ABOUT 30 illegal
Cuban migrants escaped
from a Cayman Islands
detention center on Sat-
urday and walked
through this British ter-
ritory's capital to protest
their pending deporta-
tion, immigration offi-
cials said, according to
Associated Press.
The group forced their
way out of the Grand
Cayman facility, which is
surrounded by a fence
topped with barbed
wire, by picking a lock
on a gate. They then
hiked to nearby George
Town chanting "no
Cuba," eventually end-
ing up at the cruise ship
port where they protest-
ed peacefully for about
an hour.
Before immigration
authorities rounded
them up, some in the
group trying to flee their
communist homeland
used markers to draw'on
their shirts the words
"no go to Cuba."
Others scrawled
protests on cardboard
boxes.
Speaking through an
interpreter, one of the
illegal migrants, Jose
Joaquin Gonzales Perez,
said: "The only way they
will be able to get us on
the plane back to Cuba
will be to kill us, because
we are not getting on the
flight."
The wealthy British
Caribbean dependency,
some 150 miles (241
kilometers) south of
Cuba, typically sends
illegal Cuban migrants
who set foot on Cayman
shores back to Cuba
after a short stay at the
detention facility.
Chief Immigration
Officer Franz Mander-
son described the break-
out at the detention cen-
ter as "very fast and very
coordinated."
"We allow the Cubans
to come out into the
exercise yard, and that's
where the picked the
lock on the gate," he
said at the facility in
Grand Cayman, the
largest of the territory's
three islands and where
most of the population
lives.


THE TRIBUNE


PAGE 12, MONDAY, APRIL 16, 2007






MONDAY, APRIL 16, 2007, PAGE 13


28 senior citizens graduate from



computer proficiency course


* By Bahamas Information
Services
TWENTY-EIGHT senior cit-
izens were recently graduated
from the Department of Social
Services' Senior Citizens Com-
puter Proficiency Course.
The six-week course was held
in conjunction with the Nation-
al Council on Older Persons
and the Ministry of Social Ser-
vices and Community Devel-
opment.
Forty-two persons have been
graduated from the computer
literacy course since its launch
in 2006 at the East St eet
Gospel Chapel.
Minister of Social Services
and Community Development


Melanie Griffin said the com-
puter skills training programme
is designed to give senior citi-
zens the "technological tools"
needed to keep them abreast
"in today's highly interactive
and internet-based world."
Minister Griffin said this is
"of particular importance" as
more persons are retiring earli-
er and living longer, more
meaningful lives."
"Because of medical technol-
ogy and healthier lifestyles, per-
sons are living longer and by
extension the older population
is one that is growing, and so
we ought to be able as a country
to ensure that there are pro-
grammes for our senior citizens
that will not only empower


them, but also ensure that they
keep abreast of what is going
on in our various communities
and the world at large," Mrs
Griffin said.
"These classes will also pro-
vide seniors with the techno-
logical expertise they will need
to conduct business online,
communicate with friends and
famih members over the inter-
net o any other activity that
they may desire." Minister Grif-
fin added.
Mrs Marva Russell-Minns,
Deputy Director, Department
of Social Services, said the
demand for participation in the
course was so high among the
seniors that the sessions had to
be held at two locations -- the


* TUNE in to "You and Your Money" at 8pm tonight on ZNS-TV as host Jeff Lloyd, newly
appointed Crime Chief, Senior Assistant Commissioner Ellison Greenslade and Dr David Allen,
director of the Renascence Institute International, discuss the current crime situation in the
Bahamas today and what is being done to reduce it. They will also speak on the church's role.
Pictured are Senior Asst Commissioner Ellison Greenslade, Jeff Lloyd and Dr David Allen.


East Street Gospel Chapel and
the Family Life Centre, Eliza-
beth Estates.
"This year we had to run four
classes simultaneously two at
East Street Gospel Chapel and
two at the Elizabeth Estates
Family Life Centre as a result
of the high demand," Mrs Rus-
sell-Minns said.
"We did not anticipate that
the programme would take off
the way it has done over the
first two years since the Council
broached the idea of arranging
computer courses for seniors,"


Mrs Russell-Minns added.
"However, we are all very excit-
ed about the interest that is
being shown in the course by
the seniors."
Mrs Russell-Minns said it is
"very significant" for the coun-
try's senior citizens to be com-
puter literate.
"They may want to shop,
they may want to e-mail
friends and relatives just to get
information on what's hap-
pening out there in the world,"
Mrs Russell-Minns said. "Most
of the persons who have


attended the classes are ftinc-
tional senior citizens whb can
still work and even though
they are retired persons;' they
can still work at their pleasure
and so that in itself will be ben-
eficial to them.
"Being computer literate-will
also afford them the opportu-
nity to research any medical
conditions they may have ,or
backgrounds on any medica-
tions they may be taking whch
I think can also be truly bepefi-
cial to them," Mrs Rus,ell-
Minns added. ,:,


I A






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April 30th


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I1


kl mM







THE TRIBUNE


PAGE 14, MONDAY, APRIL 16, 2007


LOA NW


Ingraham: the countdown is on


KEMP'S FUNERAL HOME LIMITED
22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas

I 9 111I1i

HAZEL V. PINDER, 83


oi Sea Breeze
Estate, Nassau, The
Bahamas will be
hqld at Calvary
Bible Church,
C11llins Avenue,
Nassau on Tuesday,
l7th April, 2007 at
11 am.

Pastor Allan R. Lee,
P4stor Frederick
Atnett and Pastor Thomas Albury will
officiate and interment will follow in
Ebenezer Methodist Cemetery, East Shirley
Street, Nassau.

Mrs Pinder was predeceased her husband,
Kirtley F Pinder and is survived by her
sons, Jack D and L Ross Pinder; grandsons,
Jeremy R, Jason D; and Jerome R Pinder;
great grandsons, J.R., Chase and Ethan
Pinder; grand daughters, Melisa P Groff
and Josette D Major; great granddaughters,
Briana and Payton Zwolinski, Sienna Major,
Savannah Kaitlyn and Summer Pinder;
daughters-in-law, Patricia A, and pebbie
M Pinder; grandsons-in-law, .Delano D
Major; grand daughters-in-law, Ginger,
Rachel and Natalie Pinder; 'bi, er-in-law,
Frank H Pinder; sister-in-law, Margarite
Pihder and many other relatives and dear-
dear friends including care givers, Mrs Lavina
Campbell and Mrs Beverley Lloyd and Dr
and Mrs Palukuri S Rao.

Instead of flowers the family request that
donations be sent to Calvary Bible 1 wf
P.O. Box N-1684, Na t W"OIWI
in as much" Food for W in emrny
of Mrs Hazel V Pinder..


have that booked. So. we asked
them for Clifford Park and they
Say. no, They said they got


Arrested

FROM page one

Although major improve-
ment work will not commence
until after the general elec-
tions on May 2, the complete
transformation is expected to
cost up to $400 million.
Currently the Nassau Air-
port Development (NAD)
company a subsidiary of
the Airport Authority and
YCRAS is handling the day-
to-day operations of the air-
port to redevelop it into a pre-
mier facility.


FROM page one Pinewood Park. It's small, but the
FROM page one PLP was there, and we will fill it up
next week Tuesday," Mr Ingra-
Symonette were among the thou- ham said.
sands of jubilant supporters, who With the general elections set
were dressed in red t-shirts, waving for May 2, Mr Ingraham told sup-
pom-poms and blowing car horns, porters that the countdown is on as
While addressing supporters at there is about 18 days left to go.
the FNM rally, Mr Ingraham He said that the PLP has failed
expressed his feelings about the Grand Bahama miserably over the
two major parties having rallies on past five years with empty promis-
the same night in Freeport. es, and causing great harm to
The PLP held its rally at the old Freeport.
Columbus Theatre parking lot, sit- "They fiddled and shuffled while
uated just a block away from the Freeport and Grand Bahama
FNM's rally in downtown, burned during five long years and
Freeport. However, despite the now they are coming to you again
close proximity of the two rallies, with promises, and more promises
there was no interference from one for the future.
or the other. "They probably going to tell you
Mr Ingraham said: "I don't very soon, if not tonight, that Roy-
know why it is that the PLP and al Oasis is sold. They had the pow-
the FNM must have a rally on the er to do something for five years,
same night in Freeport. and all them months ago Perry
"We want a comparison. We Christie told us that he had to bring
want people to see; we want them focus to bear on the sale of Royal
to hear; we want them to make a Oasis. He ought to have focused
choice, so we don't have to have on it all long since the hurricane.
rallies on the same night in a small Mr Ingraham said Prime Minis-
city like Freeport," he said. ter Perry Christie and his govern-
Mr Ingraham said the FNM ment have been absent from duty
plans to have rallies in Nassau on for Grand Bahama. He said the
Tuesday and Thursdays. He government must be fired on May
added that if the PLP would like to 2.
have their rallies on those days he Describing Grand Bahama as
would take the next day. "the backbone" and "foundation
He also pointed out that the of the pillar" on which the FNM
FNM has been having difficulty stands, Mr Ingraham called on res-
finding a suitable place in Nassau idents to support the party and
for their rallies. He noted that the return all six seats to the FNM.
PLP has already booked out two of "- come to Grand Bahama to
the largest possible venues on New ask you formally for your support.
Providence, leaving the FNMI with I come to ask you to vote for the
the smaller option at Pinewood FNM and for all six of our candi-
Park. dates. I don't want no bickering
"We tried to book the sports about I don't like him, or her, vote
centre where they were the other for the Torch."
night and they told us that the PLP Mr Ingraham said the FNM is


Wilchcombe



on Ingraham

FROM page one


IAC



F
4

*


the best party for Grand Bahama, Freeport.
and the people of the Bahamas. The PLP, he said, will not take responsibility for Royal Oasis.
"I assure you that nowadays Mr Wilchcombe said that despite advice from officials at the Gam- *
Nassau is FNM country. Last ing Board about Driftwood, Mr Ingraham, who was prime minister at
the time, gave the group a casino licence for 20 years.
6Attl t t ."How you trust a man who gave Driftwood a casino and Royal
'Attempting to Oasis?
"He knew, he was advised by gaming officials in the Bahamas, by his V
en i good friend in the Gaming Board. They told him that Driftwood was ,;
aflCm' 1 not good for the Bahamas and would not be good for Royal Oasis, or ,
Grand Bahama, but he gave them a licence for 20 years when the *
licence is only supposed to be given for one year," said the West End .
FROM page one MP.
Mr Wilchcombe, the Minister of Tourism, said that Mr Ingraham i
actually worked agaisnt the now wants to push the Driftwood and Royal Oasis disaster on the PLP. 0
governing'PLP. "No, my friend that is not ours and we will not take responsibility for a
"People have already made it," he told the PLP rally.
up their minds. There are Mr Wilchcombe also reminded persons of the closure of the hotel in '.%'
upr hn ereo Lucaya, in 1997, when Mr Ingraham told the workers that they would w
very few minds that are going be 'obless. wtl
to be ghang wl n.ew-This sort-,. O'tst a an wii6in99'T.who told theemployees 6
of corlirms fo" mr nyeope .-htei iwLucaya that when'he stood to his feet they would be o
that te decis4 htte stIll some todaJatshaia
took mat %is government yet recovered from that," he said.
has to go is the right deci- He also criticized the former prime minister for the closing of the *
sion," Mr Banister said. West End airport, and misleading residents about the construction of
.,, a 500-room hotel.
"Is the hotel built yet, Mr HI? No, it is not built yet. You didn't speak
the truth," he said.
Mr Wilchcombe said that the PLP government has set a steady
course for the nation a course of economic prosperity, and inclusion
"a course of giving people a second chance, a course that guarantees
every single Bahamian the right to own their own homes, land, and
country."
He said young Bahamians all over the Bahamas are embracing the
Philosophy of the PLP, which is "to heal the sick, feed the poor, guide
the youth, and bring peace to every heart."
"There will be no turning back to the FNM. You can never separate
the FNM from the UBP, no matter how you try," he said. ,*
Mr Wilchcombe said that all over the Bahamas the PLP is witness-
ing an outpouring of a new generation of Bahamians, who honour the .
as low as struggles of the pastand who understand the sacrifices of those who
as lo W asmade the Bahamas a free and democratic society. ,
Mr Wilchcombe claims that the FNM, in their speeches, seek to dis-
grace the characters and reputation of good people in the PLP.
"I am told that last night a man by the name of Edison Key. who was
rejected by the people in the last election and who now shamelessly puts
on the red, was telling lies about me, Obie Wilchcombe. I want you all .
to know that this man has no moral authority to talk about anybody in
er Aw ee kI this country," he said. a w
er w e k thMr Wilchcombe said that he will not let Mr Key get away with his lies
and has threatened to sue him. "You ga' pay me for what you lied about
and you ga' pay from all that government land that you gat that you .
shouldn't have," he said.
Moving on to FNM deputy leader Brent Symonettc. MP Wilch- $'
combe said that Bahamians just cannot trust the man. He said that ,
Bahamians should not give Brent Symnonette a chance to be the next -
deputy prime minister of the Bahamas. "
"It ain't going to happen. If Brent Symonette could give himself a
contract when he is only a chairman of the board, could you imagine
what he will do if he is deputy prime minister of the Bahamas?"
He said that Grand Bahama cannot turn back to the FNM and .
Hubert Ingraham.
During his 10-year tenure as prime minister. Mi Wilchcombe said ,'*
Hubert Ingraham promised the Bahamian people that he would only **
run for two terms.
"He said two times was enough. He said two times was all he need- >-
ed to complete his political agenda. He was given two chances by the *-
Bahamian people. He gave them a goodbye speech. He told people hle C
was gone, and told people of the Caricom community that he was .*
finished.
"And, then he turned around and dogged T'ommy Turnquest. .,
M "He cannot be trusted," barked Wilchcombe. .
"How can you trust a man who placed a political dagger in the .#I
back of Sir Lynden Pindling? Sir Lynden gave Ingraham a political ''
opportunity. He lifted him up with all of his imperfections and gave him
an opportunity, and then he turned around and stabbed him in the back.
"And then when it came to a simple pension, he (Mr Ingraham)
decided that he (Sir Lynden) couldn't have his pension, but he. Hlubert r
S ( Ingraham gets a pension that he should not be getting right now." he l
,, said.
"C i j Mr Wilchcombe also criticized Mr Ingrahan for accusing the PIL. of
4 allowing the Port Authority to get away with many things in Freepo t
When it was Mr Ingraham who told people that his government was
pulling back and allowing the Port to have more authority in Frecport.
Mi 'He also claims that at that time Zhivargo Laing. the candidate for
Marco City, was on the payroll of the Grand Bahama Port Authority.
"Mr Laing has not told the people of Grand Bahama yet that he was
ve Brand on the payroll of the GBPA," he said.
He again lambasted Mr Ingraham for failing to deli\cir on hiPs
l I A promise to Eight Mile Rock residents.
"How can you trust a man, Eight Mile Rock, who say he \vwas going
to change Eight Mile Rock into a city. He had 10 years as a Pinme mini-
ister, and the FNM had more than 20 years in Eight Mile Rock. What
have you done for Eight Mile Rock'?"' he asked.
"Where is the city that you promise? No, Hubert Ingraham, we do
not trust you in Eight Mile Rock," he said. .
Turning to Bimini Bay Resort, Mr Wilchcombe claims it was Mr 1.
Ingraham who granted the investor a licence to bhe in the Bahamas and *',
gave theyi permission to buy all the land, and mangroves. and per- *
mission to bring in 400 employees. ..,;
"And now they talking nonsense when it was N Ir Iiwr:i1:ui iwho ,
permission. It is our responsibility," he said.


Wednesday, they came out in
droves at Clifford Park, thousands
filled the hillside and many thou-
sands spilled onto the roadside.
"Grand Bahama, I believe you
are going to do it for us this time so
that once again we are in the posi-
tion to deliver for you because you
know we can't help if we are out
and they are in.
"We could listen to your com-
plaints, we could empathize with
you, we could even express our
sympathy, but we ain't in no posi-
tion to help you. In order for us
to help you, you got to help us.
And the only way to help us to
help you is to vote FNM on May
2," he said.
Stressing that the FNM is the
party of progress and prosperity,
Mr Ingraham expressed his con-
cern over the unemployment prob-
lem in Grand Bahama.
He noted that the PLP govern-
ment tried desperately to lower
unemployment figures on Grand
Bahama by creating a new cate-
gory they call "disinterested work-
ers", who are excluded from the
number of unemployed on the
island.
"Unemployment is once again
rampant in this land, and the gov-
ernment is paralyzed to do any-


Computers for





$22 p


I


thing about it. In fact, instead of
actually creating jobs for you, they
stop counting your unemployed.
And they had the unmitigated gall
to announce that unemployment in
Grand Bahama is down.
"They go on the radio and put
all manner of lies and distortions,
but you know me, you know our .
leadership, we are not like them.
We are different from them and.,
it shows.
"The election is not about Brent
Symonette, or Tommy Turnquest,
or Ken. or Neko, or Vargo
(Zhivargo), or anybody else.
"And it ain't about me. It is
about you and your families. It is
about your hopes, aspirations.
dreams, and desires for much bet-
ter for yourself and for your chil-
dren, and we in the FNM under-
stand that. That is why we are not ,
distracteti by their gutter politics.
We are busy securing plans to put
into action as soon as we win the
government on May 2," he said.
Mr Ingraham said the FNM is
not in the promising business, but
rather in the business of deliver-
ance.
"We did it before, we will do it
again. Take my word, this is
Hubert talking, it ain't Perry," he ,
said.








THE TRIBUNE


MONDAY, APRIL 16, 2007, PAGE 15 ,,


LOCAL NEWS


FROM page one

entrepreneurial opportunities, as
its construction is implemented
in phases".
Mr Christie told thousands of
supporters at the rally that the
company has just announced the
development of a 2,000 acre ocean
front site, located at Barbary
Beach.
According to the developers,
detailed design work on the new
Barbary Bay project has already
commenced and construction
work on the initial phase of the
development programme is antic-
ipated to commence in 2008.
The prime minister said that
this will be the largest single
mixed-use five star resort, resi-
dential and commercial project
ever undertaken in Freeport,
Grand Bahama.
The development manager for
this new project will be Texterra
Development a Palm Beach
based Development Company.
In order to provide an appreci-
ation of the magnitude and posi-
tive economic impact of this par-
ticular development, Mr Christie
said that persons first need to con-
sider the fact that the mega, mul-
ti-billion Ginn project in West
End, is being built on a somewhat
smaller site of 1,957 acres.
"Let me hasten to emphasize
that as in the case with Ginn, the
Barbary Bay project is being
developed on privately owned
lands and not on Government


PM at rally
lands. For sometime, my Govern-
ment has been working closely
with the Barbary Bay Develop-
ment Company, the Grand
Bahama Port Authority, and oth-
er interested parties on this major
investment project that will dra-
matically expand and diversify the
economy of Granfd Bahama," the
prime minister said.
The developers he said, have
received the required Investment
Board approval and plans are cur-
rently being prepared for phased
development by a team of world
renowned planners, development
and environmental experts.
"It is envisaged that compo-
nents of the Master Plan would
include a large first class
resort/casino core with top brand
names, a major mega yacht mari-
na, spa, championship golf, sports
facilities, retail shopping, other
amenities, condominiums, town
houses, time share, high-end resi-
dential communities, yacht and
golf clubs," he said.
While admitting that recent
hurricanes and resulting closure
of the Royal Oasis Resort and
Casino, have clearly had an
adverse impact on business in the
Our Lucaya Resort area, includ-
ing Our Lucaya Resort and par-
ticularly the performance of the
Isle of Capri Casino, Mr Christie
said that his Government, with
the full participation of Hutchin-


live star resort owner in Antigua,
has authorized me to announce
tonight that the terms for the pur-
chase of the Royal Oasis have
been settled. Their lawyers are
busily completing the Sales
Agreement for imminent execu-
tion," he said.


son Lucaya, the owners of Our
Lucaya Resort and the Grand
Bahama Port Authority Limited,
has settled the terms of an agree-
ment, whereby Isle of Capri will
continue to operate the casino at
Our Lucaya.
"Isle of Capri will expand and
revise its marketing strategies as
well as upgrade its casino equip-
ment. At the same time, the jobs
of the employees will be protect-
ed and the viability of the Our
Lucaya Resort which employs
some 1,000 Bahamians will be
enhanced.
"Heads of Agreements, giving
effect to the new arrangements
which are designed to stimulate
and favourably impact the
Freeport tourism industry, will be
executed during the coming
week," the prime minister said.
Mr Christie said that nothing
has had a higher priority for his
Government and occupied more
of his personal time, than finding
a solution to the vexing problem
of the sale and redevelopment of
the closed, hurricane-ravaged
Royal Oasis Resort and Casino.
"Our hearts have bled because
of the economic hardship suffered
by the former employees of the
Royal Oasis. Although nature
itself has been cruel in its devas-
tation, the former owners and
operators Driftwood were even
more insensitive in walking away
from the devastated resort, leav-
ing massive liabilities behind them
and no assets to settle them or


He encouraged Uran Danaml-i.
ans to continue to place their hand
in the hand of the PLP and con-...-
tinue to walk with the,,
government as it "will surely"
make all our dreams for a better
and greater Grand Bahama come
true."


their severance obligations to their
employees," the prime minister
said.
He said that "this nightmare
was inherited from the FNM
administration which failed to
ensure that when Driftwood
acquired this failing resort, that
they were adequately funded."
"The FNM administration also
failed to secure a strong operator
of the casino and neglected to
obtain the normal form of finan-
cial guarantee and provisions for
property insurance to ensure the
continued operation of the casino.
It was a case of serious, gross
neglect and lack of planning and
foresight on the part of the FNM.
As a result, untold hardship and
human suffering have been inflict-
ed upon many Grand Bahamian
families," Mr Christie said.
The government, he said,
stepped in and advanced some $6
million of severance pay to for-
mer employees and intervened
with the mortgagee of the prop-
erty to pay some $2.5 million in
outstanding National Insurance
contributions for Driftwood's
employees.
"No stone was left unturned in
pursuing a new buyer, operator
and developer of the property.
After lengthy and painstaking
negotiations, the long ordeal of
Grand Bahama in connection
with Royal Oasis is about to end.
"Harcourt Development Com-
pany, a substantial property devel-
oper in Ireland and an upscale


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I






PAG 16 ODY PI 6,20 H RBN


family guardian congratulates

the best of the best

celebrating our top performers for 2006


Financial Services President's Club
Agency Managers


Home Service
DistrictManager of the Year


Financial Seis A c r a Istrct-M nage
and President's Club WI.e .. les Off
Julie Adderley-Mclntp hNassau, A rna Mau;,:, rmanns, Predent
Ingrid Rose, FLMI, :Nashau; and John. He ur CLU, Fra o p .
m a.n.ni S- .s me Service
-tAgenUof. ": "' n t of, the Year
,.-, ; ,,*, .,,, ,' ;.. .. .,, ; :.': ... : o,,I


Christine Rahming, (left), Financial Services Agent
and Rookie of the Year; Nassau,
with Patricia Hermanns, President & CEO
BahamaHealth Group & Individual
Award Winners


Julie Glover, CLU
Financial Services, Freeport
BahamaHealth
Group Production


Julie Smith, CLU
Financial Services, Nassau
BahamaHealth
Individual Production


Julize Lewis, Home Service Agent of the Year,
Freeport Sales Office, (left)
with Patricia Hermanns, President & CEO


Home Service Home Service
Staff Manager of the Year Rookie of the Year
K ; '

I. -/


Marsha Storr Stephanie Moxey
Freeport Sales Office Freeport Sales Office


Administrative Staff
Above & Beyond Award


Franklyn Hanna
Corporate Centre


SALES OFFICES: NASSAU, FIREEPORT, ABAL, & ELEUTHERA CORPORATE CENTRE: EAST BAY STREET, NASSAU P.O. BOX SS 6232


FAMILY

GUARDIAN
INSURANCE
COMPANY


PAGE 16, MONDAY, APRIL 16, 2007


THE TRIBUNE


* ..; --l^ ,-

* -.*y."








'. l h ea ai
*B M ry b uYY[;I


MONDAY, APRIL 16, 2007


SECTION i


ss


.business@tribu.nedia.net Miami Herald Business, Stocks, Analysis, Wall Street


Bank liquidity 'at lower





end of comfort level'


Minister says Central Bank unlikely to raise Prime, with liquidity at $170m

at March end; says commercial bank interest spreads 'extremely high'


* By NEIL HARTNELL
Tribune Business Editor
Liquidity in the Bahami-
an commercial banking
system is at "the lower
end of the comfort level", the
minister of state for finance has
acknowledged to The Tribune,
standing at around $170 million
at the end of March, although
he did not believe this would
cause the Central Bank of the
Bahamas to increase the
Bahamian Prime interest rate.


James Smith said the current
disconnect between Bahamian
Prime, which stands at 5.5 per
cent, and the deposit rates that
some commercial banks are
offering to attract savers as
high as 6.5 per cent "in my
opinion, will not cause the Cen-
tral Bank to change Prime".
Bahamian Prime serves as the
lending rate upon which com-
mercial banks mostly base and
link the interest rates they
charge upon their loan portfo-
lios to, but the liquidity crunch


* JAMES SMITH


that impacted the system from
late 2006 onwards has caused
some banks to offer ever-higher
deposit rates to attract scarce
funds for onward lending pur-
poses.
With some deposit rates now
as much as 1 per cent higher
than Bahamian Prime, some in
the banking community have
suggested that the emerging dis-
connect between the two, along
with tight liquidity the amount
of surplus assets or cash in the
commercial banking system that


is available for lending might
encourage the CentralBank to
look at increasing Prime.
Mr Smith, though, said the
liquidity situation was improv-
ing, although he acknowledged:
"It's not at a truly comfortable
level; it's towards the lower end'
of the comfort level. But it was
higher at the end of March than
it was at Christmas."
The minister added that while
commercial banking system liq-
uidity had dropped to around
$30 million at the end of


December 2006, it had since
risen to around $170 million at
the end of March 2007.
And from another source,
The Tribune was also told that
the Bahamas' foreign exchange
reserves stood at a relatively
healthy $620 million at the end
of March 2007.
"I don't think the Central
Bank would move the Prime
Rate in response to short-term

SEE page 8


Consolidated 'asked' Family Guardian readies to enter pensions market


to increase capacity

at Blue Hills plant


* By NEIL HARTNELL
Tribune Business Editor
CONSOLIDATED Water,
the BISX-listed water provider,
said it has been "informally
asked" how capacity at its 7.2
million gallons per day Blue
Hills reverse osmosis plant can
be expanded, a move that raises
further questions about the fate
of a similar plant that had been
planned for the Perpall Tract
area of New Providence.
Writing in Consolidated
Water's 2006 annual report, Jef-
frey Parker, the company's
chairman, confirmed what The
Tribune had already revealed,
namely that the company was
preparing a bid for the
build/own/operate contract
recently put out to tender by


Preparing bid for Winton
contract and proposal to
expand Windsor plant

the Water & Sewerage Corpo-
ration for the third and final
reverse osmosis plant planned
for New Providence.
Mr Parker wrote: "In the
Bahamas, we are preparing a
competitive bid for a new 2.4
million gallon per day plant (the
Winton plant) to be operated
for the Water & Sewerage Cor-
poration.
"Precisely how the Water &
Sewerage Corporation will
implement the Government's

SEE page 13


* By NEIL HARTNELL
Tribune Business Editor
FAMILY Guardian, the BISX-listed life
and health insurer, is planning to enter the
pensions market through the launch of indi-
vidual and group policies in mid-2007, with
a further move into creditor life policies
planned for this year's second half indicat-
ing that its strategic alliance with Sagicor is
starting to pay off.


Nassau Exuma

Life and Health Insurance


Acquires new property at foot of PI Bridge for expanding divisions


The alliance with the Barbados-based
financial services conglomerate, which has
seen it take a 20 per cent stake in Family
Guardian's BISX-listed parent, FamGuard
Corporation, has aided the Bahamian com-
pany on both the product development and
technology side, with a new general ledger
software and health administration systems


*Abaco *Freep

Mortgage Lending


to be completed during 2007.
Family Guardian, which saw net income
for fiscal 2006 increase by 10.2 per cent or
$545,000 to $5.9 million, said in its 2006
annual report that it planned to work on

SEE page 11



aort Coymon

Retirement Planning


Government probes

'falling off' in revenue


* By NEIL HARTNELL
Tribune Business Editor
THE Government is investi-
gating "a kind of falling off in
revenue at the end of March",
the minister of state for finance
told The Tribune, although rev-
enues are still "slightly ahead"
of projections for the 2006-2007
fiscal year to date.
James Smith said he was hav-
ing the unexpected drop-off in
government revenues towards
the end of last month "investi-
gated, but overall we're slightly
ahead on revenues".
"For the first 10 months,
we've been pretty much on
Budget," he added, although
with government accounts "one
or two months can always
change things dramatically".
Mr Smith said it was unclear
what caused the unexpected
fall-off in revenues, although
among the' possible factors
responsible were posting errors,
estimating errors and staged
payments. He pointed out that
payments due to be made to the


Government in March may not
have been received until this
month, with some payments
being staggered so that some
funds were received in March,
with the remainder arriving in
April. Once this was examined,
Mr Smith said, the revenue
drop at the end of March may
not seem so dramatic. He allud-
ed to a large lease payment that
the Government was due to
receive in March, saying it was
possible that the balance of the
funds on this may have been
paid during April.
Another factor behind the
unexpected drop in government
revenues, Mr Smith suggested,
could be the upcoming election
on May 2, as businesses typical-
ly "hold back as they wait for
the dust to settle" during such
times.
Government expenditure, the
minister added, was more diffi-
cult to predict, as there had
been a number of releases of
funds for capital projects. How-
ever, it was unclear whether all
the monies had yet been spent.


'Collnaimpe&a
Confidence For Life

242,356.8300 lnfo@Collnalmpelaol.com ..


Toshiba Makes
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THE TRIBUNE


PAGE 2B. MONDAY, APRIL 16, 2007


* By Fidelity Capital
Markets
Moderate level of
trading activity took
place in the Bahami-
an market this past week, as
22,976 shares changed hands.
The market saw nine out of its
19 listed stocks trade, of which
three advanced and six
remained unchanged.


Volume leader for the week
was Commonwealth Bank
(C('BL) with 7,094 shares chang-
ing hands and accounting for
30.88 per cent of the total shares
traded. The big advancer for a
third straight week was Abaco
Markets (AML). up $0.07 or
7.14 per cent to close at $1.05.
Consolidated Water Company's
-BDR also advanced by $0.12
or 2.52 per cent to close the


week at $4.89. The FINDEX
increased by 2.17 points for the
week, to close at 795.53.
COQMEANY NEWS
Bahamas Supermarkets
(BSL) For the 2007 second
quarter, BSL posted net income
of $1.25 million, which repre-
sents a decline of $1.85 million
or 60 per cent over the same
period last year.


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Net sales declined by 1."' 11111I
or 2.11 per cent to total $413.1
million, while cost of sales and
expenses rose by $924,00)0 or
2.25 per cent to total $41.9 miil-
lion. BSL's management has cit-
ed a number of factors which
contributed to the decline in rev-
enue, such as:
*' Reduced sales at its Har-
rold Road and Cable Beach
locations due to road works and
construction activity, respec-
tively.
Increased competition from
key competitors on the island
of Grand Bahama.
The transition of product
lines, leaving a temporary lack
of promotional support.
Increased operational
expenses such as insurance pre-
miums, utility costs etc.
BSI.'s management remains
optimistic that with its new and
expanding product lines, cou-
pled with a renewed focus on
enhancing the shopping experi-
ence for its customers, the future
for BSL will continue to be
bright.
Freeport Concrete Limited
(FCC) For the quarter end-
ing February 28, 2007. FCC
posted a net loss of $14,400,
which is an improvement over
the net loss of $21,100 for the
same period in 2006.
Sales stood at $3.9 million ver-
sus $4.4 million in the 2006 sec-
ond quarter, while cost of sales
declined to $2.7 million com-
pared to $3.3 million for the
comparable period last year.
The gross profit margin
increased by 6.88 per cent to
30.7 per cent, versus 23.8 per
cent in 2006. Operating expens-
es rose by $136,000 or 14.33 per
cent to total $1.1 million. Oper-
ating income for the 2007 sec-
ond quarter was $106.800 com-
pared to $92.400 in the 2006 sec-
ond quarter.
FCC's liquidity position
remains a concern,. as its current
liabilities exceeded current
assets by $1.4 million as at Feb-
ruarv 28.' 11, '. Unless this situ-
ation is rectified,. it is going to he
very difficult for the company
to meet its inventory require-
-siei' v'o T',ii 'and increase its-
re\ enil.e.


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E-mail: execmotor@batclnet.bs
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Available in Grand Bahama ii Qual;ty Auto Sales (Freeport) Queens Hwy, 352-6122 Abaco Motor Mall, Don MacKay Blvd, 367-2916


HILUX


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I --


II


I


BUSINESS


The Bahamian Stock Market
FINDEX 795.53 YTD 7.20%
BISX CLOSING CHANGE VOLUME YTD PRICE
SYMBOL PRICE CHANGE
AML $1.05 $0.07 4000 72.13%
BAB $1.30 $- 0 4.00%
BBL $0.85 $- 0 11.84%
BOB $9.00 $- 3797 12.08%
BPF $11.59 $- 0 2.57%
BSL $14.60 $- 0 0.00%
BWL $2.30 $- 0 31.43%
CAB $10.41 $0.06 1000 4.10%
CBL $14.25 $0.06 7094 13.91%
CHL $2.10 $- 0 10.53%
CIB $14.61 $- 385 3.25%
CWCB $4.89 $0.12 0 -2.52%
DHS $2.46 $- 0 -1.60%
FAM $5.94 $- 0 2.59%
FCC $0.50 $- 6000 -9.09%
FCL $17.06 $- 400 35.94%
FIN $12.49 $- 50 3.91%
ICD $7.25 $- 0 1.40%
JSJ $9.05 $- 250 5.23%
PRE $10.00 $- 0 0.00%
DIVIDEND/AGM NOTES:
JSJ has declared dividends of $0.15 per share, payable on
April 17, 2007, to all shareholders of record date April 10,
2007.
CBL has declared an extraordinary dividend of $0.12 per
share, payable on April 30, 2007, to all shareholders of record
date April 13, 2007.
CWCB has declared dividends of $0.013 per BDR, payable
on May 7, 2007, to all shareholders of record date March 30,
2007.
FamGuard Company Ltd will hold its Annual General
Meeting on May 4,2007, at 4pm at the British Colonial Hilton,
Victoria Room, 1 Bay Street, Nassau, Bahamas.


International Markets

FOREX Rates
Weekly %Change
CAD$ 1.1377 -1.13
GBP 1.9864 0.79
EUR 1.3532 0.77

Commodities
Weekly %Change
Crude Oil $63.45 -0.86
Gold $688.90 1.34

International Stock Market Indexes:
Weekly %Change
DJIA 12,612.13 0.41
S & P 500 1,452.85 0.63
NASDAQ 2,491.94 0.83
Nikkei 17,363.95 -0.62


Ooo Soibn

















BUSINESS 3B


Co i Hiera2c lb 9 MONDAY, APRIL 16,2007 INTERNATIONAL EDITION


WALL STREET


Earnings slow down at S&P 500 firms


* The firms that make up the S&P
500 index are not expected to
post double-digit growth for the
first time in 19 quarters.
BY JOE BEL BRUNO
Associated Press
NEW YORK After nearly four
years of stratospheric profit growth
for Standard & Poor's 500 compa-
nies, investors are about to see earn-
ings come back down to earth.
Hundreds of other U.S. companies
- including such big names as Citi-
group, Intel and Caterpillar are
scheduled to issue their quarterly


SOUTH AMERICA


Ex-leader:


Brazil


en route


to new


heights

N Former Brazilian President
Fernando Henrique Cardoso
discusses Brazil's role in Latin
America, his terms as president
and Petrobras.
BY JANE BUSSEY
jbussey@MiamiHerald.com
Sitting in an office at Brown Uni-
versity on a recent sunny day, former
Brazilian President Fernando Henri-
que Cardoso seemed to live up to the
name of his recent memoir: The Acci-
dental President of Brazil.
Cardoso looked professorial as he
greeted visitors, met with Brazilian
documentary filmmaker Joao Mor-
eira Salas and planned an itinerary of
multicontinent meetings.
The former two-term Brazilian
president spends four to five weeks a
year as a visiting scholar at the Wat-
son Institute at Brown, giving talks,
writing and meeting with people. It is
a return to his roots, since he was a
sociology professor in Sao Paulo and
an academic in exile during the mili-
tary dictatorship.
Banned from teaching by the mili-
tary, he entered politics, serving as
senator, finance minister and
president.
For Cardoso, politics is a family
affair in the Brazilian power
structure.
A great uncle was once a minister
of war; his father worked in the same
ministry; a cousin was appointed
mayor of Rio de Janeiro.
As Cardoso writes at the start of
his memoir: "In my young mind, Bra-
zil's government was altogether
inseparable from my family. They
were one in the same."
After spending time in the United
States, Cardoso said he is fascinated
about the challenges to American
democracy, the vast power of corpo-
rations.
"Americans have to reflect a little
more on American democracy
because this is important not just for
America but for the world."
In an interview in Providence, R.I.,
*TURN TO O&A


reports in the coming days. This will
be the first time in 19 quarters that
companies within S&P's flagship
index won't even come close to
reaching double-digit profit growth.
Earnings growth for the first three
months of the year is expected to
slump to 3.8 percent, and likely grow
6.7 percent for the year, according to
Thomson Financial. That's down
from 8.9 percent growth in the fourth
quarter, when companies barely
missed the double-digit mark.
"It's all over now," said Scott Full-
man, director of investment strategy
at Israel A. Englander & Co. "This


shouldn't be a shock to anybody. But,
the real key comes with the com-
ments the companies make, because
the markets are always forward
looking."
Companies have benefited in the
past few years from relatively low
interest rates that have kept business
thriving and allowed companies to
stow away record cash stock piles.
But, a slide in the housing market
has had a ripple effect through the
consumer discretionary sector. What
might have started out with home-
builders has spilled over to other
industries, including those that


depend on consumer spending, like
automakers and retailers.
Wall Street has been struggling
with signs of a weaker economy even
before earnings reports are released.
On Friday, investors were disap-
pointed by a University of Michi-
gan's consumer-sentiment index that
came in below expectations.
The reasons why companies were
able to post double-digit growth in
the first place appear to be eroding.
The Federal Reserve may be forced
to raise interest rates to control infla-
tion, the housing market has yet to
stabilize and energy prices have


ISRAEL


I


~- P


PHOTOS BY ESTEBAN ALTERMAN/BLOOMBERG NEWS
HOLY LAND: Israel's first championship golf course will be built on Mount Arbel, above. Developer
Moshe Shapira, below, points to an aerial photo of the site.



TEEING OFF ON


SACRED GROUND


iv I "'"" ~yuai~g~r,~iw~.~,;~rsiYruB~(L~au.i~,W ~'- -~r- "


moved higher.
"The combination of these factors
are going to ratchet earnings lower,"
said Steven Goldman, chief market
strategist with Weeden & Co. "If
earnings fall short on an aggregate
basis, it may be a concern for the
markets. You're already seeing
smoke signals starting to appear that
would indicate lackluster perfor-
mance in certain sectors."
One of those sectors is financial
companies, many of which could be
hurt because of the rising rate of
*TURN TO S&P 500

AUTO INDUSTRY


Chrysler


finding


its sale


won't be


too easy

DalmlerChrysler will face
significant challenges in Its effort
to sell its Chrysler division as
potential buyers have already
demonstrated hesitance to
working on a deal.
BY MICHELUNE MAYNARD
New York Times Service
DETROIT Dieter Zetsche, the
chief executive of DaimlerChrysler,
found out last summer that selling
cars as a TV pitchman is harder than
it looks.
Now it turns out that selling
Chrysler isn't all that easy either.
The effort by DaimlerChrysler to
find a buyer for Chrysler is becoming
a drawn out, complicated process
that barely advanced this week,
bogged down by issues including
debt, Chrysler's healthcare liability
and the role of the United Automo-
bile Workers union, bankers involved
in the negotiations said.
Moreover, none of the bidders
appear to be in a rush to snap up the
struggling car company.
On Friday, the Canadian automo-
bile supplier Magna International
confirmed the widely reported spec-
ulation that it was among those inter-
ested in Chrysler. But Magna, in a
statement, said, "There is no assur-
ance that any transaction will result
from Magna's current involvement."
Even if they make firm offers, the
proposals are likely to be laden with
contingencies and requirements that
DaimlerChrysler might find too oner-
ous to accept, the bankers said. They
insisted on anonymity because of the
sensitive nature of the talks.
That raises the possibility that
some or all of the bidders eventually
could drop out, these bankers and
industry analysts said.
"We are really at the very early
stage of the process," Stefano Aversa,
co-president of AlixPartners, a
restructuring firm based in South-
field, Mich., said Wednesday. "It
won't be an easy decision for Daim-
lerChrysler. This is not going to be by
*TURN TO CHRYSLER


A GOLF COURSE IN ISRAEL
WILL CONVERT BOMB CRATERS
INTO BUNKERS
BY A. CRAIG COPETAS
Bloomberg News

It's a soft 3-iron shot between miracles along the
Sea of Galilee, where Jesus of Nazareth walked on
water, for a New York-based developer who is
spending $46 million to build the first 36-hole
championship golf course in Israel.
"This is God's proving ground and the most excit-
ing deal I've done in my life," Joseph Bernstein, Ameri-
cas Partners general partner, says of the Galilee Golf
Club seaside course atop Mount ArbeL Construction
begins later this month, with celebrated golf architect
Robert Trent Jones Jr. sculpting fairways from the
"green pastures" that inspired King David to compose
the 23rd Psalm and where the multitudes gathered
beneath myrtle trees to hear the Christian savior
deliver his sermon on the mount.
"It took 10 years to get the Israeli government to
approve the deal," says Bernstein, a 58-year-old attor-
ney whose past real-estate developments include the
Crown Building and Americas Tower in Manhattan.
He suggests the development could be the symbol for
the booming Israeli economy.


Although Hebrew University Professor Robert
Aumann, winner of the 2005 Nobel Prize in Econom-
ics, politely suggests the God of Abraham might prefer
a less secular tour guide for the Jewish state, Bernstein
is right. International investors in 2006 pumped a
record $23 billion into Israel, fueling economic growth
by 5.1 percent and pushing unemployment down to a
10-year low in the fourth quarter.
Israel's central bank says foreigners bought $L4 bil-
lion of property last year and $262 million in the first
two months of 2007, and that consumer spending rose
4.8 percent in 2006.
"Our economy certainly works best when
*TURN TO GOLF COURSE


IRS


N As illegal immigrants attempt
to hide from several government
agencies, there is one that
willingly accepts their money -
the IRS.
BY JULIANA BARBASSA
Associated Press
RICHMOND, Calif. Carlos Diaz
broke the law when he crossed the
border and took a job as an office jan-
itor. But he's not about to break
another by failing to pay his income
tax.
"I've been talking to other people
who've done it, and I want to follow
the law," said Diaz, an undocu-
mented immigrant from Guatemala
who squirmed in his seat at a neigh-
borhood tax preparer's office.


Tuesday is Tax Day, when mil-
lions of illegal immigrants find them-
selves collaborating with one federal
agency the Internal Revenue Ser-
vice while trying to avoid another
- Immigration and Customs
Enforcement.
They hope a track record of on-
time payments will aid their citizen-
ship applications, but critics who
favor tougher enforcement of federal
immigration rules say it's absurd for
the government to work with people
it should be tracking down and
deporting. It legitimizes the presence
of immigrants who are here illegally,
critics say, and sends a mixed mes-
sage about the country's interest in
enforcing its own rules.
"The word schizophrenic comes


to mind," said Marti Dinerstein, pres-
ident of Immigration Matters, a
research firm that advocates tighter
immigration enforcement. "There is
something fundamentally wrong
about this."
The IRS created a nine-digit Indi-
vidual Tax Identification Number in
1996 for foreigners who don't have
Social Security numbers but need to
file taxes in the U.S. But it is increas-
ingly used by undocumented work-
ers to file taxes, apply for credit, get
bank accounts or even buy a home.
The IRS issued L5 million ITINs in
2006 a 30 percent increase from
the previous year. To obtain one, a
person needs to submit to the IRS an
application and a document that
serves as proof of identity, such as a


visa or driver's license. All told, the
tax liability of ITIN filers between
1996 and 2003 was $50 billion. The
agency has no way to track how
many were immigrants, but it's
widely believed most people using
ITINS are in the United States ille-
gally.
One number hints at the number
of illegal immigrants having income
taxes deducted from their paychecks.
In 2004, the IRS got 7.9 million
W-2s with names that didn't match a
Social Security Number. More than
half were from California, Texas,
Florida and Illinois, states with large
immigrant populations, leading
experts to believe they likely repre-
sent the wages of illegal immigrants.
Even immigrants who use ITINs to


file taxes are forced to make up a
Social Security Number when they
get a job.
Critics like Dinerstein believe the
process makes room for law viola-
tors, and in some cases, might endan-
ger the country by allowing them to
operate more freely.
"That's why people who are Hlving
here illegally rushed to get ITINS
like they're chocolate candy," said
Dinerstein. "It's a national security
issue."
IRS spokeswoman Nancy Mathis
said the ID numbers are issued
strictly to track a tax return's prog-
ress through the system, noting the
tax code says nothing about whether
*TURN TO IMMIGRANTS


Illegal immigrants filing federal taxes more than ever












4B, MONDAY, APRIL 16,2007 INTERNATIONAL EDITION


BUSINESS


MiamiHerald.com I THE MIAMI HERALD


S _


AUTO INDUSTRY



Chrysler faces challenges in its looming sale


*CHRYSLER

any means just a simple
acquisition."
Investors, who sent Daim-
lerChrysler shares to a new
high last week when the bil-
lionaire investor Kirk Kerko-
rian offered to pay $4.5 billion
for the auto company, appar-
ently do not like the cold
shoulder that he is getting
from DaimlerChrysler.
DaimlerChrysler shares
ended the week at $82.26,
down 76 cents on Friday. By
contrast, the shares closed at
$84.80 on April 5 when Kerko-
rian's bid came to light
Thus far, Chrysler has
IRS



Migrants


file taxes


despite


illegal


status

*IMMIGRANTS

foreigners filing taxes are
here legally or not.
"It serves no other pur-
pose," she said, "and was
never intended to serve any
other purposes."
Nor does the IRS share
immigrants' personal infor-
mation with ICE or any other
agency, Mathis said.
To avoid any resemblance
with Social Security cards, the
IRS stopped issuing cards and
instead sends a letter bearing
the tax ID number. Still, these
numbers do end up being put
to other uses by a population
eager for any form of official
ID, and by companies inter-
ested in doing business with
them.
Many banks now allow ille-
gal immigrants to open an
account with their ITIN, and
Bank of America has a pilot
program in Los Angeles that
allows customers to use the
numbers to sign up for a
credit card. Others have cre-
ated mortgage products for
ITIN-bearing immigrants,
including Citibank, which

SOUTH AMERICA


Cardoso:

'We have

to act with

prudence'

0Q&A

with The Miami Herald, Car-
doso discussed Brazil's role in
Latin America, his terms as
president and whether the
Bolivian government should
have nationalized Brazil's
Petrobras.
Q: People often repeat the
joke that Brazil is the country
of the future and always will
be. But with the country's
growing role in trade and poli-
tics, could this joke be obso-
lete?
A: Brazil has changed a lot.
I read recently a report by the
World Bank making a com-
parison between China, Rus-
sia, India and Brazil. To my
surprise, it varies [on which
country] has possibilities to
become a relevant player. I
am not saying that we will be
in the coming years a global
player. We are becoming
more and more important
regionally and [are] global
because of trade. The future
has become closer.

Q: There are many skeptics
who warn that the commodity
price boom that is fueling
South American economies
could end and the countries


will be in bad shape. Are these
concerns right or overblown?
A: The commodity boom
has been one of the factors
that has helped Brazil. But are
these concerns overblown? In


drawn interest from two
investment firms Cerberus
Capital and the Blackstone
Group as well as Magna,
which is involved in a number
of production ventures with
DaimlerChrysler.
But the discussions, which
this week included Ruediger
Grube, a DaimlerChrysler
board member, have not yet
begun to narrow down the
particulars, the bankers who
have been advising those bid-
ders said.
Although some reports
have said DaimlerChrysler
would like to focus on a lead-
ing candidate by the end of
the month, these advisors said


it could take weeks more for
the potential bidders to get a
true picture of how any trans-
action is likely to be struc-
tured.
Further, there seems to be
no hurry on the part of either
DaimlerChrysler or the bid-
ders to come up with a price
for Chrysler, which is likely to
be billions less than Daimler-
Benz paid. The old price is
"not material" to the current
discussions, Aversa of Alix-
Partners said.
Daimler-Benz paid $36 bil-
lion for Chrysler in 1998 in
what was originally termed a
"merger of equals" but turned
out to be a takeover by the


German automaker of the U.S.
company.
In February, Zetsche, who
played pitchman as "Dr. Z" in
Chrysler commercials, said
the company was keeping its
options open for Chrysler.
Chrysler lost $1.5 billion last
year, and has required two
restructuring in the last
seven years.
Valuing an independent
Chrysler is particularly diffi-
cult because it does not have
independently traded shares
and because transferring
ownership of a huge auto-
maker at a time of such tur-
moil in the industry is com-
plex.


jmoWWM
GETTING HELP: Carlos Diaz, right, looks over his tax return that was prepared by Esteban
Ramirez, in Richmond, Calif. It's tax time, when millions of illegal immigrants find
themselves collaborating with one federal agency the Internal Revenue Service -
while trying to avoid another Immigration and Customs Enforcement.


offers one in partnership with
ACORN Housing Corp.
"They want to go forward,
work, be a normal taxpayer,"
said Erica Gonzalez, a staffer
in ACORN's Fresno office,
where demand for the tax ID
has shot up in recent years. "If
they want to establish them-
selves here, this lets them do
that."
Five states West Vir-
ginia, Kentucky, New Mexico,
Utah, and Illinois also
allow ITINs to be used as
identification for a drivers'
license.
STIRS CRITICS
This is what rankles the
system's critics.
"The IRS never anticipated
this phenomenon," said
Dinerstein. "They thought it
was going to be some boring
tax compliance number."
To Ben Johnson, director


the case of Brazil, if you look
at our exports, around 50 per-
cent are composed of manu-
factured goods, not raw mate-
rials or food. The direction of
these exports is basically 18
percent to the United States,
23 percent to the European
Union, 34 percent to Latin
America and the rest to Asia.
It's very diversified.

Q: With Brazilian corpora-
tions becoming global, some
view their growing power in
smaller Latin American coun-
tries with worry. Is this. con-
cern misplaced?
A: I was an exile in Chile
from 1964 to 1968. At that time
it was fashionable to say that
Brazil was a "sub-
imperialist." It was ridiculous.
Brazil was totally inward-
oriented. Now maybe Brazil is
becoming sub-imperialist. We
have become more integrated;
we have become more inter-
national. If you want to sur-
vive as a player, it means you
have to have some corpora-


of the Immigration Policy
Center at the nonpartisan
American Immigration Law
Foundation, the widespread
use of tax ID numbers is
another sign that the immi-
gration system is broken.
"The U.S. economy hangs a
huge 'help wanted' sign at the
border, and they come to
work, not to hide," he said. "A
lot of people struggle with the
idea they're here without per-
mission, and want to find a
way to operate legitimately,
like a normal hardworking
person."
Judging by the crowded
waiting room at Esteban
Ramirez's modest tax prepa-
ration office in Richmond,
where a television blared
Spanish-language soap
operas, it's clear undocu-
mented immigrants are grow-
ing increasingly comfortable
around a Form 1040.


FERNA
CARD

Polith
for two t
as a sena
sister.
Profea
visiting s
o Born:
Home
Famill
Henrique
In his
have alw
that all p
cast a vo
because
lives so r
Most
EVARISTO SA / AFP FILE Ryszard


tions operating on a global
scale.
I have always been favor-
able to integration. But I am
afraid we are failing the inte-
gration process. Now Brazil-
ians are buying more and
more industries in Argentina.
I would prefer to see mergers.
This could produce some
clashes, economic clashes.
Brazil has to be more cau-
tious in dealing with our
neighbors.
In the case of Bolivia, it is a
little bit different. The [gas]
pipeline was during my man-
date. The gas price was cor-
rect. It was higher than was
expected by Brazil. We paid
for the pipeline.
I understand [Bolivian
President Evo] Morales' point
of view. It is the first time
ever that an indigenous per-
son became president. He had
to do something for the Boliv-
ian people.
But consider the relation-
ship he has with [Brazilian
President Luiz InAcio] Lula da


' Some are interested in get-
ting refunds, like the approxi-
mately 80 percent of tax filers
who get them each year.
Although ITIN users don't
qualify for the Earned Income
Tax Credit, which could give
a break to an American earn-
ing in the same bracket, they
can get other tax credits, and
can use ITINs to claim depen-
dents in Mexico.
'THE RIGHT SIDE OF LAW'
At the end of his session
with Ramirez, 18-year-old
Diaz found he would have to
pay, as he'd expected.
The $800 payment is steep,
he said. But if it helps him to
build a lawful life in the
United States a life he
hopes will include his own
janitorial business, and in the
future, college it's worth it.
"It's better to stay on the
right side of the law," he said.


,NDO HENRIQUE
OSO

cal career: President of Brazil
erms, 1995-2003, also served
itor, foreign and finance min-

ssion: Professor of sociology;
cholar at Brown University.
June 18,1931.
: Sao Paulo.
y: Wife: Ruth; Children: Paulo
e, Luciana and Beatriz.
own words (from memoir): '1
'ays said, only half-jokingly,
people on earth should get to
ote for the U.S. president,
he ultimately affects all our
much.'
recent book read: Ebano, by
Kapuscinski.


Silva, I would say that it
would be possible to renegoti-
ate a gas price without expro-
priating Petrobras.
Q: Some suggested Presi-
dent Bush wanted to enlist the
current Brazilian president to
counterbalance Venezuelan
President Hugo Chdvez. What
should Brazil's role be?
A: Venezuela has been his-
torically oriented toward the
North. It is important to inte-
grate Venezuela more with
Brazil's economy. From the
Brazilian point of view, it's
important to keep good eco-
nomic relations with Venezu-
ela. Chavez is there as presi-
dent today but in 10 years
there will be another one. So
we have to act with some pru-
dence. I don't think President
Lula, because of his previous
ideological affiliation, would
feel easy being a counterbal-
ance to ChAvez. But Lula is
not ChAvez. ChAvez prefers to
grate against globalization,
against the United States. And
Lula likes to accommodate.


The only means for deter-
mining a fair value will come
from a potential buyer's plan
to restructure Chrysler,
Aversa said. "I'm sure the
business plan is not going to
be just business as usual,
given the losses," he said.
Bankers say the discus-
sions have centered less on
the overall value of Chrysler
and more on issues surround-
ing the company, like the debt
load that DaimlerChrysler
carries on Chrysler's behalf,
and that it might want to
transfer to the new owners.
The company also is far
from resolving what it might
do about the $18 billion liabil-
ISRAEL


@GOLF COURSE

everybody is looking out for
themselves, but there are two
big dangers," Aumann says.
"Israel simply being physi-
cally wiped out is the first.
The second is the lost charac-
ter of the Jewish state. Ideal-
ism created the state, it's what
we strive for, what makes us
unique in the Western
world."
During Israel's 33-day war
against Lebanon last summer,
Iranian-funded Hezbollah ter-
rorists to the north pocked
what the Galilee Golf Club
prospectus describes as "a
cozy citadel in the Promised
Land" with 20 rockets.
BOMBED-OUT BUNKERS
"We'll convert their cra-
ters into bunkers," says
Moshe Shapira, Bernstein's
partner in the venture and
general manager of Israel by
the Sea Resort & Club, a
sprawling estate of luxury
golf villas and spa residences
scheduled to open in early
2009 with the first 18 holes.
The club will accommo-
date 1,500 full-time members.
Memberships range from
$37,500 to $150,000, and Shap-
ira says he isn't having trou-
ble finding takers: "Israel
must be a country that wel-
comes everybody's business
- Jews, Muslims, Christians
- and I want all of them to
come to Mount Arbel for golf
before visiting the holy sites
in Jerusalem."
As Aumann tells it, religion
doesn't always mix with the
principles that govern gross
domestic product. Israel's
GDP was to a degree under-
written by "Jews throwing
away their religion, throwing
away their cultural heritage,"
he explains.
"Jews now don't any longer
know why they are here in
Israel," the 76-year-old
Aumann frets. "What people


ity it faces for current and
future healthcare coverage ,
for employees.
Kerkorian, in his bid, sug-
gested that the liability be \
shared between Tracinda ,
Corp., his investment arm, ,'
and DaimlerChrysler, but
other bidders may push for
DaimlerChrysler to absorb
the entire expense.
The UAW's president, Ron
Gettelfinger, who sits on the "
DaimlerChrysler supervisory
board and has a vote in the
outcome, has said he would
prefer that Chrysler remain
under DaimlerChrysler's
wing, rather than be sold to
private investors.


want is a golf course. They
pursue this and don't want to
join the army and be bothered
with all the conflicts. This is
not a good thing."
Says Bernstein: "Nowa-
days, all young Israelis want
to be Bill Gates."
IPOD GENERATION
Outside the headquarters
of Jerusalem Venture Part-
ners, in the hip capital-city
quarter of Malha, young men
sipping coffee-flavored soda
pop and listening to iPods
make their way to work
alongside young women with
babies and BlackBerries.
Malha is the festive epicenter
of Israel's thriving high-tech
sector, where 46-year-old
managing partner Erel Mar-
galit manages a $680 million
portfolio of investments in
some 40 Israeli and foreign
technology companies.
Raised on a kibbutz that
manufactured irrigation sys-
tems and armed with a doc-
torate in philosophy from
Columbia University in New
York, Margalit started JVP in
1993 and now compares Israel
to a corporation that must
reinvent itself to survive.
"We're reinterpreting what
Israel is all about," says Mar-
galit, whose 40 employees
work in New York, Jerusalem,
London and Shanghai. "Ideal-
ism was the engine of Israel's
growth, but idealism today is
not measured by the same
process we used before."
But Avishay Braverman, a
former World Bank senior
economist, harbors doubts
about Israel's economic path.
"My fear is Israel becomes
a capitalist oligarchy," says
Braverman. "Economic
growth is problematic," he
said. "Only 7 percent of the
Israeli labor force is in the
high-tech sector and it
accounts for a mere 10 per-
cent of our economy. There is
no trickle down."


WALL STREET


Housing market


affects slowdown


*Sap 500

delinquencies in the subprime
mortgage market. The
nation's biggest banking com-
panies, including Bank of
America, JPMorgan Chase,
post results this week. So does
investment house Merrill
Lynch.
The major Wall Street
investment banks, like Mor-
gan Stanley and' Goldman
Sachs Group, said last month
they were relatively shielded
from problems with subprime
loans.
However, their quarters
ended in February before
most of the problems with
distressed loans began to be
reported.
But, even if earnings
reports do show the economy
has slowed, investors will be
more interested in the fore-
casts companies make for the
rest of the year. Wall Street
already has received some
shaky news from some com-
panies.
FedEx last month warned
of weakness in its earnings
after it reported a 2 percent
drop in fiscal third-quarter
results. The package delivery
company, which also operates


Kinkos copy shops, blamed
the decline largely on the eco-
nomic slowdown.
Meanwhile, handset maker
Motorola slashed its forecast
for the first quarter because of
sluggish sales.
However, there are a few
sectors that will still likely
squeeze out some double-
digit gains. Technology and
consumer-staples companies
could see growth of about
10 percent, according to
Thomson Financial.
Tech companies are
expected to rebound from a
relatively tough year-ago
period. Meanwhile, consumer
staples manufacturers -
makers of products like food,
household goods and per-
sonal care items typically
outperform when the econ-
omy cools.
In addition, a more modest
earnings season could create
some stock buying opportuni-
ties, Goldman said.
"Think about what hap-
pens when a company reports
good earnings, the stock
rises," he said. "But, it is when
they fall that presents the best
opportunity for investors to
buy stocks. So this might be a
good thing in some respects."


(I


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than shot in dark








THE TIBUN MONDY, ARIL 6, 207,IPGESS


'EU talks will not


INSIGHT


For the stories
behind the news,

set framework for. bedIns,


future trade talks'


* By NEIL HARTNELL
Tribune Business Editor
The Bahamas will not
have to provide the
likes of the US and
China with the same trade ben-
efits and preferences package
that it gives the European
Union (EU) by signing on to
the Economic Partnership
Agreement (EPA), this
nation's Ambassador to
CARICOM told The Tribune.
Leonard Archer said that
included in the World Trade
Organisation (WTO) rules was
a clause that allowed countries
who were part of an econom-
ic/trading group, as the
Bahamas would be in CARI-
FORUM with the EPA, free-
dom from applying the Most
Favoured Nation (MFN)
clause to future trade negotia-
tions. Essentially, this means
the Bahamas would not have
to offer the US and China the
same trade benefits and reci-
procity as it offers to the EU
via the EPA, according to Mr
Archer.
In turn, this means that the
EPA will not form the base
framework for future trade
talks the Bahamas may enter
into, Mr Archer indicated, as
the MFN clause would not
apply.
He explained: "The WTO
allows for discrimination when
countries are in an economic
group, and what they offer to
one member of the group they
do nbt have to offer to any oth-
er countries. You do not have
to offer the same things to Chi-
na, the US and others.
"There is an article in the


^^^Rdniscriimination when

countriesaeinM an ecognomic






haveto o~fferthsame,,things


WTO that allows for a depar-
ture from MFN rules when
countries are in an economic
group, and an agreement has
been signed with other mem-
bers of the group. The same
terms do not have to be given
to China, the US or any non-
member of the group."
As an example, Mr Archer
referred to tariffs such as cus-
toms duties that were applied
to goods imported into the
Bahamas. While tariffs on
some goods imported from the
EU might have to be reduced
to zero as a result of signing
on to the EPA, the same prod-
ucts imported from the US and
regions outside the EU would
still attract the previous rate
of duty.
Meanwhile, Mr Archer.con-
firmed that the EU had offered
Jr tough JhePAto "open its


market to certain types of
movement" by "certain cate-
gories" of professional, skilled
services people such as doc-
tors, attorneys and accoun-
tants. Such access would be
granted on a mostly temporary
basis, likely three months. *
"On the CARIFORUM
side, CARIFORUM would
have to agree to something
similar: not immediately, pos-
sibly five to 10 years down the
road," Mr Archer said.
However, it would be up to
each country, including the
Bahamas, to decide what sec-
tors of its economy it liber-
alised, when and how.
"It would be wrong for any-
one to assume certain things
will happen," Mr Archer said.
"The Government will fashion
an offer in the best intefestsaof
:.the Bahlrtias."'
e ,


I NE S O R-SL E 0

WUel 9" sa" l 1 .F io
BuInet Wll now an


Manager



Minimum Requirements
* 5 years management experience in the financial service
industry
* 3 years participation in Bahamian capital markets
* Bachelors Degree in finance
* Canadian Securities Course, Series 7 or International Capital
Markets Qualification (ICMQ)
* Excellent analytical skills
* Excellent oral and written communication skills
* Proficient in the use of spreadsheet and database software
* Ability to meet deadlines and work with minimum supervision.


Primary Job functions
* Manage the securities trading business
* Solicit new business and manage client relationships
* Company research and analysis
* New product development
* Business development activities including public speaking
engagements


Remuneration & Benefits
* Attractive salary and commission based incentive program
* Group medical and pension plan
* Interest subsidies on employee loans.

The successful candidate will be offered a competitive
compensation package including benefits and bonuses
commensurate with his/her experience and performance.
Send resume no later than April 26th, 2007 to:
The Human Resource Director
Fidelity
51 Frederick Steet
P.O. Box N-4853
Nassau
f: 326.3000


e-mail: careers@fidelitybahamas.com


~lliAM


3i. ~ STYLING GEL

Are you a Professional Stylist?

Are you interested in carrying top ethnic products made
exclusively for Salons?

Do you want to carry quality products made for professionals?


MIZANI is the leading exclusive ethnic professional
line made for the stylist who has been
MIZANI trained and certified.

CDM the distributor for the Mizani line of products
will hold its spring certification course for Stylist.

COST: $10.00

(Price to include starter kit, rela.xet; shampoo,
conditioner; intense treatment, certificate and Mizani
certified decal)



CDn;A



r For further information
and to become
Mizani certified,
I* please call 322-3256 or
328-5664 or 322-2015


^"'* '*r!E BAHAMA S
I lnifrii iII til, 1 .... t1- b, u"." i.* ; rc A .11", 1' c:..' .






Owing to unsettled weather


The College of The Bahamas
School of Communication and Creative Arts

Under the patronage of the Governor General
of The Commonwealth of The Bahamas,
His Excellency the Hon. Arthur D Hanna


will now present


THE COOU I hKS Oli~I]UIFRltLAR[S]Y


A fusion of art and music


Thursday, 19th April, 2007
5.30 p.m.


Portia M Smith Student Services Centre
(Poinciana Drive Eastern Entrance)
Oakes Field- Campus
->*.- [. . ,* ^ . ,


II d -' ~r ~.-,,~dhaFar*i\ndP~kr~~%~n---~ --r I I I


-- --I ----Uarr~l~uMI1.-uuuLUUU*.h


MONDAY, APRIL 16, 2007, PAGE 5B


THE TRIBUNE


m ..--


m


0
















Bluewater's BTC bid waits


on Cabinet's


'final reaction'


* By NEIL HARTNELL
Tribune Business Editor
T he governmentt is expecting
to resutme talks "in another
week or so" with Bluewater
('ommunuications IHoldings over the
Blaimas Telecommunications Com-
Ipany' (B I'C) privatization, with the
administration revic\ewing its offer and
p epa inii a "f Iinal reaction".
incs. Smith. miniister of state for
finance. said talks with Bluewater had
hecil temporarily interrupted after its
pi incipal had to lcae\c theI Bahamas to
h \\willh his wile lor ihtk birth of their
e \\ sliouil resume talks in proba-
b\ mtolher \\week oir so," Mr Smith
saiidt. Ie adi.\k le thal tthe Governmen-
ne'olialiii commit ilee had made
11' re'CCLinii!iLnlue d tiOlns to the Cabinet,
,n d 1 t '. linel sulb-committec deal-
in l' \\ iil ith IR' \t' pri\ tisation, with
thie 'ciioin siill li ing firm ly in l the
IM i\ Im' nl s haiinds.
!he i icommncndation has been
imadc to the ( io\'ernment. The Gov-
Cetl nc i ia; to itC\ iew it. and it will be
sending Imback its final reaction."
I ial "m'fii al reaction" will be an
answer on whether the Government
flcc a deal in principle can be done
with Bhluce\\ ate. and that the two sides
hai\ e n 'meeting of minds'.
11 lte (i o\ c('imllent answer is posi-
li\c. then it and Bluewater will go
into ; final round of intense negotia-
tions involving the price the group
\\ ill pa\ for a stake in BTC, the com-
position of the new BTC Board and
otihel technical details.
(hbscrv-ers believe it is still more


* FINANCE MINISTER JAMES SMITH


(FILE photo)


than likely that no decision on Blue-
water's offer and BTC's privatization
will be taken before the election, giv-
en the number of votes bound up with
the company's employees and fami-
lies. What happens to the process if
the FNM is elected also remains to
be seen.
The Government has vested the
current privatization process with
heavy secrecy, due in part to the failed
'open beauty contest' method that
was tried in 2003, when it decided
none of the three offers made for a 49
per cent stake in BTC matched its
own valuation.
The best offer at that time came
from the BahamaTel consortium,
backed by Citigroup and JP Morgan
Chase's private equity arms, which
was prepared to pay $130 million for
the 49 per cent stake, valuing the com-
pany at just over $260 million.
It is unclear what BTC would fetch
today, although many feel its valua-
tion would have declined since then,
given the competition it now faces in
fixed-line from IndiGo Networks, not
to mention callback and Voice over
Internet Protocol (VoIP), plus Cable
Bahamas on Internet.
The most valuable part of BTC is
still is cellular monopoly, a prized
asset for any bidder.
Bluewater seems to have been a
bid vehicle created specifically for the
purpose of trying to buy into and pri-
vatise BTC. It is likely to be backed
by private equity financing.
Among Bluewater's principals are
Roger Ames, former chairman and
chief execu-


tive of Warner Music Group, and pres-
ident of Warner Music International
from August 1999 to August 2004.
Also involved is the former chief
financial officer of a UK-based cable
operator called NTL, John Gregg. He
was formerly managing director of
two European broadband cable oper-
ators, Cablecom GmbH and iesy Hes-
sen GmbH.
Mr Gregg was also managing direc-
tor of the Cellular Communications
Inc group of companies, which oper-
ated cell phone networks in the US,
Puerto Rico, the US Virgin Islands
and Italy.
Among the key issues likely to
dominate negotiations with the Gov-
ernment are the price Bluewater is
willing to pay for its BTC stake; con-
ditions of any agreement; the extent
of the monopoly BTC holds in fixed-
line and cellular services and how
long they will be maintained; capital
expenditure and how much Bluewater
is willing to put into its business plan;
how much the group will invest in
training Bahamians; and the compo-
sition of the Board and management
agreements.





Fo hesope bhn


ich Me, OLvrd. Thv Wy" ..Psalm 119:33
Shirley Street
Invites applications from qualified Christian teachers
for the following positions for the 2007-2008 School
Year.

- Journalism / Literature (Gr. 10-12)
-Religious Knowledge Bible (Gr. 7-12)
- Math ((r. 7-12)
- Ph\ ies (Gr. 10-12>
- Agrii'lture (C'Gr. 7-t))
- Technical Drawing (Gr. 7-12)
- Accounts/Commerce/Economics (Gr. 10-12)
- Physical Education (Gr. 7-12)
- Span, h (Gr. 7-12)
- Georgraphy/History (Gr. 10-12)
- helnustry
lBusiiness Studies (Gr. 10-12)
- Health Science (Gr. 7-9)
- General Science (Gr. 7-9)
- Computer Studies (Gr. 7-12)
- Music (Gr. 7-12)
- biology (Gr. 10-12)
- Latgtuae Arts/Literature (Gr. 7-12)
-Art/C'raft (Gr. 7-12)
- Food Nutrition (Gr. 10-12)
- Clothin!,g Construction (Gr. 10-12)
- Social Studies (Gr. 7-9)
-IHome I,'coinomics (Gr. 7-9)

Applicants must:

A. 13c Be a practicing born-again Christian who is
willing to subscribe to the Statement of Faith
of Temple Christian School.

B. Have a Bachelor's Degree in Education or
higher from a recognized College or
I University in the area of specialization.

C. ave a valid Teacher's Certificate or Diploma.

lI). lave at least two years teaching experience
in the relevant subject area with excellent
coini unicaltion skills.

I A/pplicants must have the ability to prepare.
students for all examinations to the
B '/B CS levels.

I Be willing to participate in the high sche dl's
e\l a cricular prograillmmles.

A/|,lil !W i ,I miust he picked up at the High School
S)i!i 11 ':irl(cy St-reet and be returned with a full
iI t i'-mi itle, recent coloured photograph amid
I c c'.' I c Id eces to:

Mr Neil Hamilton
The Principal
'lTemple Christian High School
P.O. lBox N-1566
Nassal, Bailhainas
i ,:,i r applictaioin is April 30th, 2007


Legal Notice
NOTICE


DEVILS MOUNTAIN LTD.

(In Voluntary Liquidation)

Notice is lhcicby given that the above-named Company
is in dissolution, which commenced on the 22nd day of
March 2007. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.






ARGOSA CORP. INC.
(Liquidator)




,UBS

UBS jBahamas) 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
Account opening and maintenance
Addressing client advisors' requests and queries
Handling client correspondence
Management reporting

Candidates must possess:

Strong organizational skills
Strong written and verbal communication 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 Administration or Accounting

Prior experience performing similar duties at a supervisory level in a private bank or trust
company is an asset.

Please send ii; .iiini application to.

lrbahamas@ubs.com
0o
UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas
Attn: Private Client Document Specialist


NOTICE
NOTICE is hereby given that ALAIN NOEL OF
#55 GLADSTONE TERRACE, P.O.BOX F-42908,
GRAND BAHAMA, BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship,
for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason
why registration/ naturalization should not be granted,
should send a written and signed statement of the
facts within twenty-eight days from the 16TH day of
APRIL, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.


Legal Notice
NOTICE


HOLSTEINER HOLDINGS LTD.



Notice is hereby given that in accordance with
Section 138 (8) of the International Business
Companies Act 2000, the dissolution of
HOLSTEINER HOLDINGS LTD. has been
completed; a Certificate of Dissolution has been issued and
the Company has therefore been struck off the Register.



ARGOSA CORP. INC.
(Liquidator)




NOTICE

International Business Companies Act
(No. 45 of 2000)

COSMAN INC.

Registration Number 199,660B

(In Voluntary Liquidation)

Notice is hereby given that in accordance with
Section 138 (8) of the International Business
Companies Act (No. 45 of 2000) the Dissolution of
COSMAN INC. has been completed, a Certificate
of Dissolution has been issued and the Company has
therefore been struck off the Register. The date of
completion of the dissolution was 2nd April 2007.

(GSO Corporate Services Ltd., of 303 Shirley Street,
Nassau, The Bahamas is the Liquidator of COSMAN
INC.




GSOCorpomt#Servics.JL.
L5iaid~tor


THE TRIBUNE


PAGE 6B, MONDAY, APRIL 16, 2007







MONDAY, APRIL 16, 2007, PAGE 7B


THE TRIBUNE BUSINESS


Socety of St. Vinant de Paul
Sunlight Beat Minitry
St. Andrew's Beach Estate Community Association
St. Anne's School Parent Teacher Association
,I 'St. Augustine's College
St. Bede's Roman Catholic Church
Holy Family Roman Catholic Church St. Cecilia's Roman Catholic Church
Mrs. Helen Carroll Appreciation Banquet St. Cecella Urban Renewal Project
J. 5. Johnson & Company Staff Association St. Francis Xavier Cathedral
J.U.G.S. InternationaL Inc. St. Gregory's Anglican Church
Judea Baptist Church St. James Anglican Parish
Junior Baseball League of Nassau St. John's College
Kemp Road Ministries St. Joseph's Roman Catholic Church
Kemp Road Marching Band St. Michael's Methodist Church
Kevin Johnson Basketball Camp St. Michael's Methodist Pre-School
Kids Up St. Margaret's Church
Klngsway Academy Parent Teacher Assoc St. Thomas More School Parent Teacher Association
Kiwanis Club of New Providence Stapledon School For The Mentally Retarded
Light & Life Community Church Star Trackers T & F Club
Love 97 Father's Day Promotion Stephen Dillet Primary School
Aids Foundation of The Bahamas Lyford Cay International School Still I Rise Honor Society
Ambassador Goodwill Association Mabel Walker Primary School Straw Business Persons Society


K Amy Roberts Primary School PTA
Ann's Town Community
Assemblies of Brethren In The Bahamas
;: Bahamas Air Sea Rescue Association
Bahamas Anglican Cursillos In Christianity
Bahamas Association For Social Health
Bahamas Association of Medical Technologists
* Bahamas Hotel Association
Bahamas In Prophecy
Bohamas Ministry of Tourism
S ahames National Baptist Youth Convention
B' hames Red Cross .'
Bahamian Women Police Association
Barbadian / Bahamian Assodallon
Belle Ladies Club
Bethesda Faith Ministries International
Better Living Health Centre
Bishop Ervin Hart's Outreach Service
Bodie & Jesus "A Place For Children"
* C. W. Sawyer Primary School
Cabinet Office Staff Appreciation Luncheon
Cancer Society of The Bahamas
Cathedral of Praise Church of God
Church of God Central District New Providence
Claridge Primary School
Columbus Primary School
Court of Appeal
Custom Computers Back To School Program
'D. W. Davis Jr. High School
Department of Education
Deportment of Public Service
Department of Social Services
Discovery Learning & Development Centre
Dolphin Encounters Project B.E.A.C.H.
Sbg lerston Community Development Assoc
SEvangelistic Centre Ministries
Evangelistic Temple Women's Ministries
Faith Tabernacle Church
Faith Temple Christian Academy
Fellowship Missionary Baptist Church
First Born Church of The Living God
S Goalee Ministrles International
Gleniston Centre for Learning
Governor General's Youth Award
Governor's Harbour Primary School
Grr ",. '" -? Methodist Church
Great Commission Ministries International
Higher Ground Ministries
Hillside MiS if, !laptist Church
Holy Cross AIngjlican Church
Holy Cross Anglican Church Women


Marlin Marine Annual Fishing Tournament
Marriage Keepers
Medical Fund of Antonio Rolle
Medical Fund of Benjamin Ferguson
Medical Fund of Simeon Hepbumrn
Medical Fund of Viola Campbell
Ministry of Finance
Ministry of Financial Services & Investments
Ministry of Health Blood Drive
Ministry of Public Service
Miracle Working Church of God Inc.
Mount Nebo Union Baptist Church
Mt. Horeb Baptist Church
Mt. Pleasant Green Christian Academy
Nassau Village Urban Renewal Project
NIB Leadership Conference
New Bethlehem Baptist Church
New Light Ministries
Oakes Field Primary School
Our Lady's of the Holy Souls Roman Catholic Chunr
Paradise Island Bridge Police Station
Parliamentary Registration Department
Physically Challenged Children's Committee
Pilot Club of Nassau
Precious Presence Parental Guidance Ltd.
Princess Margaret Hospital
Prison Fellowship Bahamas
Progress Academy
Project Read Bahamas
Public Hospitals Authority
Queen's College
Remnent Revival Int Deliverance Ministry
Ridgeland Primary School
Roman Catholic Archdiocese of Nassau
Rotary Club of West Nassau
Royal Bahamas Police Force Carmichael Division
Royal Bahamas Police Force Dependants' Trust
Royal Bahamas Police Force Eastern Division
Royal Bahamas Police Force National Police Muse
Royal Bahamas Police Force Northeastern Divisli
Royal Bahamas Police Force Police College
Royal Bahamas Police Force Prosecutions Deparim
Royal Bahamas Police Force Southern Division
Royal Rangers Boys Club
Sacred Heart Roman Catholic Church
Salem Union Baptist Church
Sandilands Primary School
17th Bahamas Scout Group
Simms Primary School
Simpson Penn / Williemae Pratt Centre
Smith's Hill Community Association


Sweet Sears Association
Swift Swimming
Teachers & Salaried Workers Co-operative Credit Union
Teen Challenge Bahamas
Testimonial Banquet for Kevin Johnson
The Adelaide Auxiliary
The Amerkan Women's Club In The Bahamas
The Bahamas Conference of The Methodist Church
The Bahamas Diabetic Association
The Bahamas Historial Society
The Bahamas Humane Society
The Bahamas Mothers Club
The Bahamas National Council For Disability
The Bahamas Public Services Union
The Children's Hour Media Ministries
The College of The Bahamas
The District Grand Lodge of The Bahamas
The Filipino Cultural Circle
The Hellenic Ball 2006
The Luncheon Pilot Club of Nassau
The Physically Challenged Children's Committee
The Rolle's Charity Club
The Rotary aub of South East Nassau
The Royal Bahamas Defence Force Rangers
The Salvation Army
The Sir Victor Sassoon (Bah) Heart Foundation
rotland Christian Centre
Trinity Methodist Church
United Faith Ministries International
Vision of Hope Church of God
Millard Patton Preschool
ramacraw Community Development Association
fellow Elder Primary School
routh Alive Ministries







l s


Kelly's 1HoIse

Tel: (242) 3934002 M*, Y
Fox, (242) 3SN34096 2wMobomom


. 1


or-









THE TRIBUNE


PAGE 8B. MONDAY, APRIL 16, 2007


BANK, from 1

hiccups in the economy, where
banks are competing for
deposits," Mr Smith said.
He said commercial banking
liquidity had benefited during
the first three months of 2007
from the Bahamas' annual busi-
ness cycle, which traditionally
sees a build-up in surplus com-
mercial banking assets at this
time.
This is due to tourism season
peak falling within the first four
months of every year, Mr Smith
saying that the Bahamas obtains
the "maximum flow from
tourism right up until the end of
April", with the spending from
visitors boosting the circulation
of funds within the Bahamian
economy. Some of that finds its
way into commercial bank liq-
uidity.
In addition, Bahamians tra-


ditionally save during the first
few months of the year, also
concentrating on repaying
Christmas shopping bills.
Explaining that the Central
Bank would not increase inter-
est rates merely in response to a
squeeze on commercial bank
interest rate margins, caused by
rising deposit rates while loan
repayment rates attached to
Prime remained the same, the
minister said commercial bank
interest rate spreads in the
Bahamas were already
"extremely high" compared to
other countries.
He added: "It has more to do
with the overall spread banks
are looking at. Spreads are
extremely high in the Bahamas,
as much as 4 per cent. You have
to look at the entire loan port-
folio short, medium and long-
term loans, and liabilities such
as short, medium and long-term
deposits."


In reference to the 6.5 per
cent deposit rate being offered
by some commercial banks to
attract deposits, Mr Smith said it
was difficult to get "a complete
picture" of what was occurring
in the Bahamian commercial
banking system without look-
ing at banks' entire loan and
deposit portfolios.
He suggested that some com-
mercial banks might be using
the 6.5 per cent rate on fixed
deposits "like a loss leader in
retail sales". Although they
might be offering this rate to
long-term depositors, they
might be "making up" for that
via interest-free payments on
current accounts and savings
accounts.
"What may be part of the
explanation for banks moving
in that direction is management
of the portfolio and matching
of assets and liabilities," Mr
Smith suggested. He added that


some commercial banks may
have been earning larger inter-
est rate spreads by temporarily
mis-matching some assets and
liabilities within their portfo-
lios, but had decided to give this
up to get more liquidity.
"I don't know if the Central
Bank has changed, but the
response in the Bahamas to
interest rate changes is not the
same as in developed coun-
.tries," Mr Smith said, indicat-
ing that there was minimal
response from borrowers and
savers to rate changes.
He added that the Central
Bank had resorted in the past to
qualitative signals to the com-
mercial banks to control credit
creation, money supply and
bank liquidity, such as telling
the banks not to lend beyond
certain limits.
The regulator's main concern,
Mr Smith said, would be to
manage liquidity in the Bahami-
an banking system. Liquidity
will soon reach its traditional


BAHAMAS DEVELOPMENT BANK
Cable Beach, West Bay Street,
P.O.Box N-3034
Nassau, Bahamas
Tel:(242) 327-5780/327-5793-6
f Y Fax:(242) 327-5047, 327-1258
- m www.bahamasdevelopmentbank.com


New Provdence
1, Vacant lot # 1038
(6,OOOsq. ft.) Garden
Hills #3. (Appraised
Value $35,000.00)
2. Lot50'"xOO' w/houses
660sq. ft. & 620sq. ft.
Franklyn Ave & Tyler
Street off Boyd Rd


(Appraisd Value
$73,258.00)
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
100'x150' in the
settlement of
Pinders, Mangrove
Cay South Andros
(Appraised Value
$22,500.00)
S i Grand Bahama
8.-', Vacant Lot #8 Blk #12
SUnit #3 ( l,250sq. ft.) -
Henny Ave Derby
Subdivision Freeport
Grand Bahama
(Appraised Value
$98,800.00)
9. Lot#15, Blk#15 Unit #3
(90'x125')- Derby
Subdivision Freeport
Grand Bahama
(Appraised Value
$22,500.00)
10. Lot #8, Blk #12 Unit #3
(I 1.250sq. ft.) Henny
Ave Derby Subdivision
Freeport Grand Bahama
(Appraised Value
$98,800.00)
11. Lot #862 Section #1
Vacant Freeport Ridge
Subdivision Freeport
Grand Bahama


PROPERTIES
(Appraised Value
$80,200.00)
3. Lot # 171 (1100' s100I')
w/two story building-
Fast St opposite Deveiaux
St. (Apprased Value
$300,000.00)
4. Lot #27A (55'90')
w/i'onmplete split level
lhsc- Boatswain Hill oui

(Appraised Value
$22,500.00)
12. Lot #5, Blk#31, Section
B vacant Royal
Bahamia Est.
Subdivision Freeport
Grand Bahama
(Appraised Value
$31500.00)
13. Lot #33, BlkI #l,Unit #1
vacant Devonshire
Subdivision Freeport
Grand Bahama
(Appraised Value
$68,000.00)
Abmao
14. Lot #54 D6,(0l g :,^
with triplex f. u'qd a oin. ,
Murphy Tbn n A'b"a""
(Appraised al
$27,034.00)
15. Lot #6 Vacant 2 acres -
Fox Town Abaco
(Appraised Value
$40,000.00)
16. Lot #58 Vacant
100'x 100' Queen &
Clinic Streets Sandy
Point Abaco (Appraised
Value $30,000.00)
Lonw Island
17. Vacant Lot 10(X)'x200' -
Bonacorde area west of
Clarence Town Long
Island (Appraised Value
$25,000.00)
Eteuthera
18. Property 31'x I II'with
house Lord Street in the
settlement of Taprum
Bay Eleuthera.


iosun1 til (Appraised
Value $139,580.00)
Andros
5. ProIp)eny (,.344- >. ft.)
with dulpl'e (1,174 si, ft)
opposite B telco i I the
settlement of Fresh Creek.
Central Andros.



(Appraised Value
$45,000.00)
19. Vacant Lot #6 (14,555sq.
ft.) -a half mile
Southward of the
Settlement of Tarpuin
Bay Eleuthera
(Appraised Value
$18,050.00)
Cat island
20. Properly a ith twel e ( 12
oImin motel 1.39 acres -
In the settlement of
Arthur's Town Cat Island
(Appraised Value
$1.3 Million Dollars)
21. One acre Beach front
property) 1%ith cottage
900sq. ft. in the
settlement of De\ il's
Point Cal Island

22. Vacant lots #7747R &
#'774-S 160'\125'-
Florence Dr Bahama
Sound No.2 Euinma
(Appraised Value
$60,000.00)

23. Lot '#43 .t.XX)sq. ft.)
Silh hotise Mat'the\l
Town lnagna Russell
Street (Appraised
Value $120,000.00)


ASSETS


Electronic Equipment
(1) Compaq Presario Computer Monitor & Tower
(1) Whirl Microwave
Tec Cash Register
(1) AOC Flat Screen Computer Monitor 19"
(I) Camedia Digital Photo Printer (Olympus)
(1) Systemax Tower & Keyboard
(1) 1520 Epson Stylus Color Printer
Machinery
(l) Food Mixer
(1) Wall TV Stand


' (1) Chrome Juice Filler
* (1) Multi Fruit Juicer.
* (1) Chrome Mixer
* (1) Deli Showcase
* (2) Four Burner Stoves
* (1) SPSL5000 6watt Silent Generator, Electric Starter
* (1) Filter Pro Engine Coolant Service & Recycling Machine
Vessels
* 29' Phoenix w/eng(Jannette2)
* 29' (1983) Vessel (Lady Rece)
* 45'(1992) Defender Vessel (Liminos)
* 48' North Carolina Hull (1989)
* 52' Halteras Fiber Glass (1979) MV Buddy
* 47' Fiber Glass (1980) Vessel (Miss Quality)
* 43' Defender Fiber Glass Vessel (1990) (Lady Raine Too)
* 122' Single Screw Steel Hull (1960) 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)
a 17' Boston Whaler w/engine
* 53' Vessel (1977) (Shabak)


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





Cooler/Freezers
(I) Two Door Chest Freezer
(I) One Door Chest Freezer

(I) Blue Coleman Cooler
(2) Double Door Coolers
(I) Three Door Cooler
(I) Double Door Refrigerator



Vehicles
(1)03 Yumbo 125cc Motorcycle
(1) 96 Ford Explorer
(1)97 Dodge Stratus
(1) 2(X)1 Hyundai H-100 Bus
(1) 2001 Kia Bus 12 Seater
(I) 2002 Kitchen Trailer
(1) Kitchen C(herokee Trailer


COOKING UTENSILS POTS, PANS a PLATES
DRY CLEANING EQUIPMENT

Serious inquires only. Sealed bids marked "Tender" should be submitted to Bahamas Development Bank. P.O.
Box N-3034, Nassau, Bahamas attention Finical Controller or telephone 327-5780 for additional information.
Please note that all bids on the aforementioned properties and assets should be received by or on April 20, 2007.
The Bahamas Development Bank reserves the right to reject any or all offers. All assets are sold as is.


Dr. Beverton Moxey is pleased to
announce the location of his medical
practice on Montrose Avenue and
Arundel Street. Dr. Moxey completed
his Internal Medicine Specialty
training at the University of Virginia
School of Medicine Roanoke-Salem
Program where he also served as Chief
Resident. His practice encompasses
comprehensive medical and critical
care for adults including but not
limited to annual physical, disorders
of Hypertension, Diabetes Mellitus,
elevated cholesterol and acid reflux.


Dr. Beverton Moxey

:ernal Medicine Specialist
iplomate American Board Of Medicine





Dr. Moxey returned home in 2005 and
is currently an Acting Consultant in the
Department of Medicine at Princess
Margaret Hospital. He also serves as
Clinical Instructor for the University of
The West Indies School of Medicine
Bahamas campus. Dr. Moxey is an
Attending Physician on the medical
staff of Doctors Hospital and is a
participating health care provider in the
hospital's multi-specialt sessional
clinic. Please call our office today to
schedule your next appointment or
consultation with Dr. Moxey


MotrseAvnu &Arundl Sree


ip


Assistant Securities Trader



Minimum Requirements
* 3 years experience in the financial service industry
Bachelors Degree, preferably in Finance, Banking or
Accounting.
Canadian Securities, Series 7 or International Capital
Markets Qualifications.
Excellent oral and written communication skills
Excellent analytical skills *
Proficient in the use of spreadsheet and database
software


Primary Job functions
Provide market quotes and market information to clients
Execute security trades
Manage client relationships
Conduct research on various domestic publically traded
companies
Assist manager with the preparation of Newsletter
Cross sell other Fidelity products to existing client base
Monitor Capital Markets and all press releases and
dividend notifications of all listed companies.


Remuneration & Benefits
Attractive salary and performance bonus
Group medical and pension plan
Interest subsidies on employee loans



The person will report directly to the Manager of Fidelity Capital Markets.

The successful candidate will be offered a competitive
compensation package including benefits and bonuses
commensurate with his/her experience and performance.

Send resume no later than April 26th, 2007 to:

The Human Resource Director
Fidelity
51 Frederick Steet
P.O. Box N-4853
Nassau
f: 326.3000

e-mail: careers@fidelitybahamas.com


I _


^BHi^l^iiHi^i^lii^BUSB^B^^H nINESS IB^^^^^^^^^i^B^^H ^H


peak, and then slowly be drawn
down in the summer as tourist
arrivals reduce, and Bahamians
demand credit and foreign
exchange for vacations and to
pay college/school fees.
It hits its lowest level at the
end of each year, as businesses
and consumers prepare for the
Christmas holiday season. Last
year, total shrunk to just over $9
million in late December an
extraordinarily low number.
Apart from the Christmas
factor, the growing Bahamian
economy generated strong cred-
it demand from consumers for
both mortgage and consumer
loans throughout 2005 and 2006,
while millions of Bahamian-
denominated dollars were also
sucked out of the commercial
banking system to fund busi-
ness transactions such as
Freeport Oil Company's $32.75
million purchase of Shell
(Bahamas); the $54 million BSL
Holdings buyout of Winn-Dix-
ie's 78 per cent stake in


Bahamas Supermarkets; and
BAB Holdings purchase of
British American Insurance
Company.
To pick up the liquidity slack,
apart from seasonal tourism
trends the Government and
Central Bank will also be look-
ing towards the many foreign
direct investment projects
announced by the Christie
administration to start generat-
ing a real economic impact.
Increased capital investment
by Bahamian-owned businesses
will be another factor, while for-
eign-owned commercial banks
may also have the option of
bringing in funds from outside
the Bahamas if they wish to
increase lending and meet
financial targets.
Liquidity is thus a cycle that
usually works itself out through
the economic year, but Mr
Smith said failing to manage this
business cycle could cause
"severe problems from over-
extension".


I ^NOUCEMNY









THE TRIBUNE


MONDAY, APRIL 16, 2007, PAGE 9B


Credit unions the unexpected


home mortgage source


* By BOB TEDESCHI
c.2007 New York Times
News Service
AS a result of the subprime
lending crisis, even borrowers
with good credit are struggling to
find lenders willing to give them
mortgages. Those with less-than-
stellar credit scores face even
more difficult times.
But if borrowers look in unex-
pected places, their efforts can
yield pleasant returns.
Take credit unions, for exam-
ple. These institutions, which are
run as nonprofit cooperatives,
typically do not have enough
money to market their mortgage
offerings, and their mortgages
are not offered through outside
brokers. So consumers often
overlook some highly useful
alternatives that credit unions
offer.
About 200 credit unions affil-
iated with the Credit Union
National Association have
offered a low-interest Home
Loan Payment Relief mortgage
since late 2005. The program is
limited, with some exceptions,
to borrowers with household
incomes at or below their area's
median income.
In specific high-cost areas like
New York and northern New
Jersey, credit unions will make
loans to people whose incomes
exceed the median. In the New
York City area, for example,
those earning 165 percent of the
median household income of
$70,900 can qualify, so the loans
are available to households earn-
ing $116,985 or less.
The loans, available at seven
New York credit unions and one
each in New Jersey and Con-
necticut, carry initial interest
rates 1 percentage point below
those of mainstream lenders.
Only credit union members may
apply: joining usually requires a
minimum deposit of $25 or so.
The payment-relief loans are
available with both fixed and
adjustable rates. The rate for the
30-year payment-relief mortgage
earlier this month was 5.25 per-
cent, with the rate increasing to
6.25 peTcent after three years,
regardless of how high rates
have climbed in the interim.
The adjustable-rate payment-


relief loan works in a similar
fashion. The introductory rate
earlier this month stood at 5.25
percent. Those who qualify for
the mortgage will retain that rate:
for three years, when the rate
can increase by one percentage
point per year, depending on
short-term interest rate fluctua-
tions.
The adjustable-rate payment-
relief loan has a lifetime interest
rate cap five percentage points
higher than the initial rate. More
information, including a list of
participating institutions, is at
the Web site cuna.org/initia-
tives/hlpr/.
Bill Hampel, the chief econo-
mist at the Credit Union Nation-
al Association, said credit unions
could make such loans because
they were forsaking the profit
that mainstream institutions
make.
"Since credit unions are non-
profit cooperatives, they don't
have to pay federal income tax-
es or pay dividends to stock-
holders, so they can offer better
deals," Hampel said. "That's
also why they don't have any
incentive to talk someone into
taking out a shaky loan."


Gianni and Christine Trivigno
financed the house they bought
in December in Babylon, on
Long Island, with a credit-union
mortgage. Gianni Trivigno said
the couple's credit score was "in
the 640-650 range." At that lev-
el, lenders often charge higher
interest rates than for those with
higher scores.
Through the Bethpage Fed-
eral Credit Union, Trivigno
found an adjustable-rate pay-
ment-relief mortgage for a full
percentage point lower than
those offered by two banks and
a mortgage broker.
Compared with those other
mortgages, Trivigno said, the
credit union loan for his two-
bedroom $352,000 house saved
him $900 to $1,200 in his month-
ly payments, and closing costs
were also lower.
"It was a really great experi-
ence all around, because it was-
n't like they were trying to get us
into a loan that might not be
good for us," Trivigno said. "I
don't know if I'd have known
about it if I wasn't a credit union
member. How would you know?
It's not like they're putting ads in
the newspaper every day."


The Bahamas Co-operative


The Bahamas Co-operative
League Limited


Scholarship

Applications Invited.


The Bahamas Co-operative
League is offering a partial
two-year scholarship to the
College of The Bahamas or other list
approved tertiary institutions to pursue an
Associate Degree in selected disciplines.


The scholarship is awarded annually to a Bahamian student
on the basis of academic achievement and financial need.

Applications are available at The Bahamas Co-operative
League office on Jerome Avenue, or from any Credit Union
or Producer/ Supplier Co-operative.
Deadline for applications is May 31,2007.

The Bahamas Co-operative League is the Apex body
for 15 Credit Unions and 5 Producer/Supplier Co-operatives
throughout The Bahamas.



Preferred Courses of Study:

Business Management Agriculture
Computer Science Marketing
Accounting/Finance Banking
Tourism


7 I
.4

1


#25 Jerome Avenue Tel: 242-3933691 Fax:242-394-5834 (
P.O. Box SS-6314 Nassau, The Bahamnas


GN 488


MINISTRY OF TRANSPORT AND AVIATION

DEPARTMENT OF CIVIL AVIATION

PUBLICATION BY THE MINISTRY OF TRANSPORT AND AVIATION
DEPARTMENT OF CIVIL AVIATION
PARTICULARS OF AN APPLICATION TO OPERATE SCHEDULED
AIR SERVICES

In accordance with the provisions of Regulation 9 of he Civil Aviation (Licensing
of Air Services) Regulations 1976, the Minister responsible for Aviation hereby
publishes the following particulars of the under-mentioned applicant to operate
scheduled air services to and from The Bahamas.

PARTICULARS OF APPLICATION

1. Application: SKYBAHAMAS AIRLINES. LTD.
2. Date of first publication: 16th of April, 2007
3. Routes: BETWEEN NASSAU ON THE ONE HAND AND FREEPORT ON
THE OTHER.
4. Purpose of services: Passenger, mail and freight.
5. Provisional time table.
Local Times


NASSAU/FREEPORT
FREEPORT/NASSAU


0700/0740 Daily
0800/0840 "


6. Frequency of flights: See above time-table.
7. Type of Aircraft: BEECH 1900 & SAAB340A

Any representation regarding or objection thereto in accordance with Regulation
10 must be received by the Permanent Secretary, Ministry of Transport & Aviation
& the Department of Civil Aviation within fourteen (14) days after the date of first
publication of this Notice.


ARCHIE NAIRN
PERMANENT SECRETARY


LEGAL NOTICE
NOTICE
IN THE ESTATE OF AVERY HAMILTON BETHEL late of White
Sound Subdivision on the Island of Elbow Cay aka Little Guana
Cay one of the Cays of the Abaco Range of Cays in the
Commonwealth of The Bahamas, deceased.
Notice is hereby given that all persons having any claim or
demand against the above Estate are required to send their
names, addresses and particulars of the same certified in writing
to the undersigned on or before the 20th day of April, A.D., 2007
and if required, to prove such debts or claims, or default be
excluded from any distribution; after the above date the assets
will be distributed having regard only to the proved debts or
claims of which the Executor shall have had notice.
And Notice is hereby given that all persons indebted to the said
Estate are requested to make full settlement on or before the
3rd day of April, A.D., 2007.
SYDBRI LEGAL SERVICES
Attorneys for the Executrix
t.Naomi House
No.9, 9 Terrace & West Court
Off Collins Avenue
P.O. Box EE-15075
Nassau, Bahamas'


SUPPORT PROGRAMME FOR TRANSFORMING EDUCATION AND TRAINING (SPTET)
The Government of The Bahamas (GOB) has secured a loan from the Inter-American Development
Bank (IDB) in the form of the Support Programme for Transforming Education and Training
to facilitate the development of a dynamic education and training system that is aligned with the
demands of the economy for skilled human resources. The objective of the operation is to contribute
to the internal and external efficiency of the education system through a series of targeted interventions
that: (i) prepare young Bahamian children for early academic success and social integration; (ii)
facilitate the seamless transition of Bahamian youth from school to work; and (iii) strengthen the
capacity of the system to effectively use technology through the identification and implementation
of core competencies in E-Literacy for both teachers and students.
The Support Programme for Transforming Education and Training (SPTET) requires to fill
the following positions:
(1) ICT SPECIALIST
The ICT Specialist will provide leadership and support to the Department of Education on the use
of technologies to enhance learning from a pedagogical perspective.
Minimum Qualifications
Bachelors degree, a Masters degree preferred in Instructional Design, Educational Technology or
equivalent; at least four years experience in the instructional use of technology for the improvement
of teaching and learning.

(2) WEB ADMINISTRATOR
The Web Administrator is responsible for supporting websites, intranets and related web
technology projects throughout the organization. This position is responsible for multiple aspects
of website administration and support including development, testing, monitoring, vendor relations
and the underlying hosting infrastructure.
Minimum Qualifications
Bachelors degree in Computer Science or Computer Information Systems including Professional
Certifications and 5 6 years experience; Associate's degree in Computer Science or Computer
Information Systems including Professional Certifications and 7 8 years experience; Appropriate
certifications based on the tools required to be used.

(3) DATABASE ADMINISTRATOR
The Database Administrator provides technical support, centralized control, implementation, and
monitoring of the organization's databases. Coordinates changes to computer databases, test and
implements the database applying knowledge of database management systems. Plans, coordinates,
and implements security measures to safeguard computer databases,
Minimum Qualifications
Bachelors degree in Computer Science or Database Administration and a minimum of four years
experience in database administration.

(4) NETWORK/SECURITY ADMINISTRATOR
The Network/Security Administrator will manage the LAN performance and maintain the LAN
security which includes installation, maintenance and monitoring the operation of the local area
network.
Minimum Qualifications & Experience
Associates degree in Computer Information Systems or Computer Science including Professional
Certifications, MCSE or CAN and 6- 7 years applicable experience; Bachelor's degree in Computer
Information Systems or Computer Science including Professional Certifications, MCSE or CAN
and 4-5 years applicable experience

(5) TECHNICAL SUPPORT OFFICER
The Information and Communication Technology (ICT) Helpdesk will receive calls from users and
ensure that those calls are logged and provide technical assistance and maintenance to the schools
and organization's hardware and software.
Minimum Qualifications
Bachelors degree in Information Technology or Computer Information Systems including Professional
Certifications and 2 3 years experience; Associate's degree in Information Technology or Computer
Information Systems including Professional Certifications and 4 5 years experience.

All interested persons must submit Curriculum Vitae/Resumes so as to arrive no later than
Friday, April 27, 2007 and addressed to:
The Permanent Secretary
Ministry of Education, Science & Technology
P. 0. Box N 3913/14
Nassau, The Bahamas
Attention: John Haughton
IDB PROJECT MANAGEMENT UNIT
Telephone: (242) 325-5200/4748
Fax: (242) 325-4660
Emntail: jhatghtonidbproject@yahoo.com
& gmajoridbproject@yahoo.com


BUINS


lf q1L 'Acul









PAGE 10B, MONDAY, APRIL 16, 2007


THE TRIBUNE


Bernard Road Complex
Bernard Road
www.bahamasrealty.bs
www.cbrichardellis.com


Shops 1, 2, 3 1,470 sq.ft. each (Ground Floor)
Shops 4 & 5 1,870 sq.ft. each (Ground Floor)
Office 1 & 2 1,870 sq.ft each (First Floor)

*Ample parking spaces
*Fully equipped stand-by generator
*For more information, please call 396-0000


I I

BAHAMAS REALTY LTD
COMMERCIAL
In association with


CBRE
CB RICHARD ELLIS
NAVIGATING A NEW WORLD


NOTICE






PROPOSAL TO SERVE


AS INDEPENDENT AUDITORS


The National Insurance Board (NIB) invited suitably qualified accounting firms to submit a proposal to
serve as independent auditors for the audit of the National Insurance Fund's consolidated financial state-
ments, for the fiscal year ending Decemeber 31, 2007, subject to renewal for an additional two (2) years.
The financial statements are to be completed in April of the following year.

The 2005 Annual Report can be accessed at www.nib-bahamas.com

The proposal should include, but not be limited to:

1. General information on the firm and its local and/or international affiliates.

2. The qualifications and experience of the principals of the firm, including comments regarding other
professional stall members' skills and competence.

3. Information on the firm's audit experience in other financial institutions similar in size or nature of the
N.I.B.

4. The approach and time -line that will be adopted for the audit and related services that the firm can
provide the NIB.

5. Comments with respect to the firm's independence.

6. Estimates of fees and billings.

Proposals should be addressed to:

The Director
THE NATIONAL INSURANCE BOARD
Clifford Darling Complex
Baillou Hill Road
Nassau, Bahamas

and marked Proposal to Serve as Independent Auditors," to arrive at the Director's office no later than
4:00 p.m. on Friday, May 4, 2007. The NIB reserves the right to reject any or all tenders.






SISUS C
C F A, L'
Pricirg Information As Of:
Thursday. 12 April 200 7
1. $- 9 UfeTa &'tRADEp a ,l .TriU.N$WIitf VWWW.BIltXAAHAMA8 COM F'OR MOIE DATA & INfO.RMATII' -
i.9 I ALt. SHARF INDeX, C4'' ,';.10 /fCHG. 0,1.24 1 %CH OU 07,/ YTD 106.98 / YTD.%.QB.3a ', -.
/'.Ki L.; AMKL,.: '-,'o.u!'I PiF.IOUs Cl...ose T...a, s CClojse Croar9ie i0,1 .1 EPS i. Di. I PE E l
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 0737 0.260 12.2 2.89%
085 0.70 Benchmark 0.85 0.85 0.00 0 205 0.020 3.2 2.35%
2 30 1.26 Baharn'.i; Wnal. 21.30 2 30 (0.01 0.199) 0060 11.6 2.61%
1 41 12 Fidolity Bank 1 30 1.301 0.00 0 1 70 0 50 7.6 3.85%
10 1'. 00 C1l)ile Ballain'ins 0.'5 10.3,; 0 O0 l 'll' 0 ."10 1 3 2.32%
1 6'1 I 7 .(,tllm I olclliqy; 2.IJO 10 00 ((0'1ll 040 26.9 1.90%
. .1 .. c .iii;.nuliwll ( lth Bank 1.1 19 14 21, 0.OG 6,0.0 1.11084 0680 13.1 4.77%
fi 26 4 22 Consolidated Water B3DRs 4.90 4.88 -0.02 0.1 18 0.045 41.5 0.92%
2.811 2.40 Doctor's Hospital 2.46 2.46 0.00 0.295 0.000 8.3 0.00%
6.21 5.54 Farnguard 5.94 5.94 0.00 0.522 0.240 11.4 4.04%
1249 10 ) i99 inco 1249 12 49) O0 50 0.779 0 570 15.7 4.58%
14 70 11.50 Ilir.stCuiihbob.-i 14.61 14 61 0 00 0.977 0.500 15.0 3.40%
170o 10 42 Focol 17.06 17.06 000 1.644 O.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 lCD 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%
2g 1 gTyA L H B. .. .. p- .' ... .::'- : : ".: .
', .k.k-HI 5 -W.LOMN S. -.l ...F.1 RI $ .'si. ,. LaJSI I-,.i n lA.'-.i n .. -:.I tF i. C.I. ( I. P E l, elj


12 25 Balhanrmns Superrnarkets 14.60 15,60 16.00
10.00 COrlbtea;:n Crou1.it)'; (Pref) 8.008 ', 10 M00
0.20 RND Holcinocb 0.45 0) .!> 0 20
.' : .;. .,',,, ; ,,.t, .: ,.....* ':& r;--W s(Iia i ( wrni!Swo di
28 00 ABDAB 41.00 43.00 41.00
1400 t3ahamas Supermarkets 14.60 15.50 14.00
0.35 RND H.-i i.,, ( 0.45 0 55 (1.45
'" "i M il i l r i.I l


1 ,234
0.00
0.021
2.220
1.770
-0.070


1.125
0.640(
0.000
0.000
1.320
0 000


12.6 7.71%
NM 7.85%
26.2 0.00%
19.4 0.00%
83 9.04%
N/M 0.00%
... a, ,+< r t ,


*:w 1-i, !2wk-tl, w r I irfl r niml NA V 'Ill), I I ll.; I)1, Irl ",,
1. I [ 81 231 (.il;,,I M ifi'l y uli.ilki. [U|I I '13T l)'/"011
09(J6l81 7,'451I 1lu'h0liy 1,1lliiill.iS C I Fi .( 3 09 13 '"
2 6492 2.3294 Culinki MSI 'Preferred Fund 2.649189"**
1.2386 1.1643 Colrina Bond Fund 1.238600""..
11.3945 10.0000 Fidelity Prime Income Fund 11.3945"""
. .. .. . . . i . ... . . . . . . . .. . ...'~ iit~


; *r*M~5 ~'Hr~IM~Lyt1'A~ BCsa34t ~efoiwE1PII%3.---", 1W~:ll~W~~PBi


f ', At I "'HARE IIrDL 19 o 1 0r, 0o0 t. l1 'T'r : lM',',
1 *vioiui '.,l1i 7 i'r.vioo day's w& iitllunJ p(icol o. Jlv voluifuO
Today' Cloa Current day's weighted price for daily volume
c.heng. Change In tosIng price front day to day
Daily Vol. Number of total shares traded today
DIV .5 Dlvklnnd. per share paid In tho last 12 months
Pf 7t'lo-ifllI prf divldnl by tho Inst 12 omonlh enrtings


1 I4 ,. i 1, m ,,ll i l1 0 ,
Liaf Prft, It .i4 lSad *i ovr l-ho-votlnlt'i plice
Wookly Vol. Trading volume of tho prior weok
EPS $ A company's reported arnlngs por harIe for the Init 12 mnllh
NAV Net Asset Value
N/M Not Monnlngful
F1NDF.X The Fr folly ntlhma1r. h Sinck hli4 x .J60 nu. rv 1, 1994 : 100


NAV K (-,Y
* ;)0 Mich 2007
" 31 Murch 2007
"'* 31 Ja.nuny 2007
** 31 March 2007


New Mexico



buyers find true



home value


BERNARD ROAD ELEVATION


* By LISA CHAMBERLAIN
c.2007 New York Times
News Service

LAS CRUCES, N.M. -
Standing outside his newly
built house 10 miles east of
here, Joe Martin-Howell threw
open the front door. There was
no grand staircase or large
sculpture. Instead, a visitor's
eyes went directly to a 16-by-8-
foot picture window looking
out to the Organ Mountains
- a view so stunning it might
be mistaken for a stage set.
Martin-Howell built the
house for himself and his wife,
Donna, both originally from
Arizona, after they had lived in
Las Cruces for five years. The
couple are brokers with Stein-
born GMAC Real Estate and
run an independent residential
development company that
builds in the foothills of the
Organ Mountains, an area
known as Talavera. So they
knew exactly where to situate
their custom-built home.
"This lot actually sat for a
while, because from the road,
you couldn't really see how
great the views are," Joe Mar-
tin-Howell said. "One day I
walked up onto the lot and
decided right then this was the
spot for us."
While it is outside the Las
Cruces city limits and some-
what hidden behind "A"
Mountain (which stands for
"agriculture," and is owned by
New Mexico State Universi-
ty), the Talavera area has
experienced rapid develop-
ment in the last few years, as
wealthier home buyers take
advantage of the large lots and
mountain views. The nearly
year-round sunshine here in
southern New Mexico, about
300 miles south of Santa Fe,
doesn't hurt, either.
The couple's 3,600-square-
foot four-bedroom, four-bath-
room home with a three-car
garage one part of the
garage is large enough to hold
their 40-foot recreational vehi-
cle is in keeping with the
homes being built in the area.
The layout is long and rec-
tangular and takes full advan-
tage of the views. In the master
bedroom on one end (com-
plete with a "morning kitchen"
off the master bathroom con-
sisting of a small refrigerator
and coffee bar), the family
rooms and kitchen in the mid-
dle and the guest rooms on the
other end, each window offers
a different angle on the Organ
Mountains and the surround-
ing desert landscape.
The total cost including the
land was less than $500,000.
"When people come from Ari-
zona or Southern California,
they are amazed at the bang
for the buck you get here,"
Martin-Howell said.
Donna Martin-Howell, who
was a nurse for 27 years before
joining her husband in the real
estate business, added, "We
like to sit and watch the coy-
otes chase rabbits."
They are part of an increas-
ing number of people moving
to Las Cruces who are look-
ing for a less congested but
growing part of the country.
Joe Martin-Howell compares
Las Cruces to Phoenix back in
the 1960s, when that city still
felt like a small town but was
on the cusp of extraordinary
growth.
The warm, dry weather and
the beauty of the surrounding
mountains are big draws to the
entire area, not just Talavera.
Since 2000, the population of
Las Cruces proper has
increased by 10,000, according
to the Census Bureau, and the
county now has a total popu-
lation just shy of 200,000.
But rapid growth in greater
Las Cruces, while mostly con-
sidered a positive development
for an area where 25 percent of
the population lives at or
below the poverty line, is
beginning to alarm some peo-
ple.
"Talavera will be complete-
ly built out within three to four
years," said Kevin Bixby, exec-
utive director of the Southwest
lnvironmental ('enter, an edu-
cation and advocacy organiza-
tion. "Now the city is current-
ly considering annexing 6,000
acres just north of Talavera at
the base of the Organ Moun-
talins, and li nmiltin', .5,OlfI)


-' ~'.l ~ A ;~ i~f3~ 2-70 10 Pll I F~Y 2~4,~-:).~'i.....l.i 7/i4 / Il" M I A 1 IN O MA I 1;AIj.(; Ii .irl-. y [07
(*("lI /' 4"t,!,0?-7r)10to I l )t:1 Y 2!2:+ 57 t4/F-P ltMoro, lv. t) P.I', ,NtI:(,') l HON ICN (',,{,! :,7I t ,AtLL--1;-50:1


ble the population of Las
Cruces. And the Spaceport tax
just passed."
Voters in Dona Ana County,
which includes Las Cruces,
recently approved, by fewer
than 300 votes, a $14Q million
sales tax that will help build
the Spaceport, a space, tourism
venture proposed by Richard
Branson, founder of the Vir-
gin Group. The proposed site
is 45 minutes north of the city
and would bring even more
development along with
suborbital flights costing
$200,000 a ride.
"People are wondering
where the water is going to
come from, how we're going
to deal with all the traffic," said
Bixby, who also lives in Talav-
era. Unlike the vast majority
of homes there, his, has about
half of its electricity provided
by solar panels.
"As for Talavera, it's a great
place to live, but the way it's
been developed is not very
environmentally sound," he
said. "If growth is going to con-
tinue at this pace, that is going
to have to change."
Terrence Moore, the city
manager of Las Cruces, said
the annexation would actually
add 4,000 acres to 2,000 that
are already within the city lim-
its. The number of homes will
not be determined until the
annexation is approved, he
said. "There are going to be
public hearings, and the City
Council will offer whatever
direction they see fit in terms
of whether the annexation
should go forward," he said.
Gene and Tracy Alexander
and their children, Jordan, 12,
and Hannah, 10, live in a 2,960-
square-foot home on five acres
in the foothills of the Organ
Mountains. Gene Alexander
moved his family here for a job
in the health-care industry,
while Tracy Alexander runs a
Quiznos sandwich franchise
that the couple own. They
bought their foui-bedroom,
two-bath house for $311,000 i
2002. \
"The whole back side of the
house looks onto the Organ
Mountains," Gene Alexander
said. "I've got a lot of pictures
of the sunrise over the moun-
tains. It's always changing,
when the thunderstorms are in
or from a dusting of snow. You
can't beat it."
Doug and Debbie Watters
agree. They moved to Las
Cruces two years ago from
Borrego Springs, Calif., a
desert community near Palm
Springs, after visiting friends
in the area. The couple sold 'a
resort community they owned
and operated in order to retire
early. (Debbie is 48 and Doug
is 51.) Their dream home is
under construction in TalaV-
era, and they hope to move in
this summer.
The Watterses are building a
3,200-square-foot four-bed-
room home and a three-car
garage on two and a half acre,.
They chose an architectural
style known as Santa Fe, with a
flat roof and adobelike char-
acteristics, including Saltillo
tiles, a Mexican style of hand-
painted floor and wall tile.
There will also be an outdoor
cooking area with a counter
and a pass-through window
into the kitchen.
Instead of a separate living
room and family room, Debbie
Watters decided to create one
great room with a fireplace and
a television area that stretches
down to the kitchen. The cou-
ple are also building a pool.
The total cost including the
land is about $600,000.
Doug Watters said they
chose Talavera because the
desert area still feels as if it is
outside of town but it is within
a 15-minute drive of shops and
restaurants in Las Cruces, and
only a 45-minute drive to El
Paso, Texas As head of the
local Hog Club, a group of
people who ride Harley David-
son motorcycles, Doug Wat-
ters liked the feel of the open
desert but needed his home to
be accessible by paved roads,
many of which were not here
only a few ,ears ago.
"We were up there yester-
day," Watters said. "It's just
like heaven. Over the last cou-
ple of days they put up the
posts and beams that frame the
I titoiint:liit \vi,'w' ;amit it's tlt'allf-


~4


I ~ jIll1


1..____ -----.~---


flew hollow's. 'l'h l \\\ !:;ldl lo +


BUSINESS


ffTo dvpis n h Tfime he# nwpae


Bffin c ffculation ut c~all 32-1986today


l p .- .si .r ,V ".'. r' *, .- 11


-- --










TNM6


FAMILY GUARDIAN, from Page I


other joint venture projects with
Sagicor during 2007.
Writing in the company's
.annual report, Norbert
.-Boissiere, its chair an., said the
.increased volume of business
Family Guardian was handling
had required it to expand its
agency force and administrative
staff, the result being that it had
growni its existing Collins
Avenue premises.
As a result, Family Guardian
entered an agreement lo sell
that building last year. It then
"acquired the property on the
corner of Shirley and Church
'%Streets at the foot of the new
"Paradise' Island bridge which,
`when refurbishments are com-
pleted tIy the 2007 third quarter,
'will hdtise the company's finan-
'cial services and group life and
thealtl' divisions.
"1 Due to the property acquisi-
tions and disposals, property,
,';plant and equipment at the
"December 31, 2006. balance
- sheet date had increased by 30
- compared to just over $19 mil-
Slion the year-before.
Family Guardian is also d(ue


to open a inew oll ice in (1(1 ioge
-Town, Ixuimna, d( inig the '(007
second Iluarter, while itls
Freeport-based finiincial selr
vices division lhas already' omcl-
pied nlIe offices in that cils's
Regent Centlre.
Changes are also due to lakeL
place on the lamU iiiard Boardl,
with Vincent l)'Aguilhii sle -
ping down from the 1)ir'cloi
post hlie has held since 21)3.
Also stepping do'\wn is Ro imal
Shullev, who retired as I',ilil\
Guardian's \icL-chlirii n i ntii 8i1
chief actuarv in Marchli 1)()(000, but
remained as a Direccor loi a
further year. He will remain as a
consultant to the company.
Nominated as replacement
directors, a step that is depen-
dent on the moves being rati-
fied by shareholders at Fam-
Guard's May 4 annual general
meeting (AGM), are WValer
Wells, president and chiel cx\e-
utive of Caribbean Bottling
Company (Bahaias), and NMr
D'Aguilar's son, Dionisio, the
president and chief e\eeuti\e
of the famnili-run business,
Superwash.
The AGM will also bhe asked


nl o lier Ihc replacement of
l'i C\\ :ilc'ilioiis( 'topeis (PWC)
as the ex\ti nial auditor with
DeloitlC & TouLche.C
Assessing its 2000( results,
I'm ilv (Guardian said its total
i 0oss premiumclll revenues
iinri';ised during the 12 months
o DeI )ceeC ci 31, 2006, to $57.7
tinlliotn, ;i rise of $5.9 million or
I A.) per cent. 'hlie company's
totally income, which also
incluidc;s ievci'ies from interest
illcnllte, li\idends and invest-
mnlnts in assets such as equities,
11lso rose bv 8.6 per cent or $5.5
million over 2005 to stand at
1$(9.8 million.
()rdinairy life premiums
recorded their "strongest
growth rate" ever, rising year-
over-year by 21 per cent, while
group life and health premium
reveInues increased by 17.9 per
cent.
The increase in health claims
that impacted Family Guardian
during Ihe 2l006 first half "sta-
hilli/ed" during the latter six
months, enabling thlie division
to make a "positive contribu-
tiol" to IIct income.
Invcestniit'l income rose by
t.i per cent ii $778.,(000 over
.t005, Iamllilv G uardian gaining
$228.OIt Jlduring 2006 from the


epr ~ I I II


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Price includes rustproofing, licensing and inspection to bii thday, full tonk of fuel,
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#1 AUTO DEALER IN THE BAHAMAS
EAST SHIRLEY STREET 322-377'5 325-3079
Visit our showroom at Quality Auto Sales (Freeport) Ltd foi siniil r deals, Quoens Hwy, 352-6122
or Abaco Motor Mall, Don Mackoy Blvd, 367-7 "16


Lot of land with a com bined area of I 1,500 sq.ft.' bcini g I ot s I t ;.'' t '' I ( ,i Inii I ILIullti I Dale Sub-
division off Baillou HiPl Road. 'The ipropci>ry is comI)pi[cI d an IS'i t ,d n [ '1'iil e,.tI nceiC conlsistiiig
of 2.000 sq.t'. with 3 b'0edrooIms 2 bt.illthroi' s., liInig. IIaiinll I titi\, ii ki. i ,'Ii .: i II, ltud iN rooI' II. The
building is enclosed and landscaped w illi i a i i .; Ia\\ I' l'o\ ' |l ::'i d ruit t trees.
Utilities: Electricity, W.Valr and TetlcpIhonI .














For conditions of the sale anld any other information, please contact:
Credit Risk Management Managing Director's Office
at: 356-1685 or 356-1608

Interested persons should submit offers in writing 1ii1Uressed lo:
The Manager, Credit Risk Management Managiing tDirector ', Office.
P.O. Box N-7518, Nassau, Bahamas
to reach us before April .t7, 2()07


m ab


The exclusive master-planned Rum C(ay Resort Marina (www.rumncay.coin) curreniidt
in the early stage of planning and development will comprise 100-key condo hotce
circa 200 residential offerings, a 120-slip mega-yacht marina and marina \iliage .
well as extensive recreational amenities.

Montana Holdings Ltd, owners of the Rum Cay Resort Main,.U, Rum
Cay. Bahamas are seeking to expand their Nassau based team with the follxwil,'.

Executive P.A. to the Company Chairman.

This position is within a testing and challenging corporate environment that will
require an individual of thlie highest caliber to sustain the demands of various
commercial projects and assignments that demand constant early completion.

The successful candidate shall have a least 5 years experience in a senior administration e
position. Assertive and industrious you will have a high level of initiative to ensure
that all executive office matters are dealt with in an expedient and professional
manner.
You will have excellent written and oral communication skills, together with first
class PC skills in Word, Excel and Power Point.
The salary shall be above market rate to reflect the seniority and demands of
this position.

Project Managers and Project Executives in Sales and
Business Development

Responsibilities inchuhde:
Compilation of commercial and contractual documentation from inanagemnent
briefings
Preparation of work schedules, matrices and charts
Monitoring, managing and maintaining the scheduled progress of selected
project activities, staff and contractors
Establishing well defined processes for the control of inter-department work
programmes
Efficiently resolving logistical challenges and supporting areas of delays:
Liaising with suppliers, Government Agencies and legal representatives

Applicants must be capable of multi-tasking a range of commercial activities that
require initiative, creativity and organisational skills to complete on time. They shall
be PC literate, have excellent written and oral communicators and be highly productive.
Knowledge and experience of resort development and operation, property sales and
;marketing, or construction activities will be an advantage.

The successful candidates will be working in a very busy high-pressure environment.
where they will be expected to meet exacting time scales and be recognized as',,
efficient completer-finishers. The task contents will vary through the range of
business functions related to the Rum Cay development and offer variety, experience
and career development.

Please send your CV to island developnientl ("yalioo.com The closing date for
applications is Tuesday 24th April 2007


iI


BUSINESS


sale O(f equity invest ments, while
the unrealized appreciation in
the company's shareholdings
was $939,000.
As the stock market enjoyed
another positive year, Family
Guardian's net yield on invest-
ment assets rose from 7.8 per
cent in 2005 to 7.9 per cent in
2006.
Investment assets grew by 7.6
per cent in 2006, the majority
of this increase coming from
government and corporate
bonds, as Family Guardian
rebalanced its investment port-
folio.
Bond holdings both corpo-
rate and government rose
from 20.5 per cent to 28.5 per
cent of investment assets, while


mortgage loans decreased by
$1.3 mnillibn to0 account for 45
per cent of investment assets.
Meanwhile, Family
Guardian's operating expenses
rose by 5 per cent or $700,000 to
reach $14.3 million at year-end.
The reduction in the Bahami-
an Prime interest rate in the
2005 first quarter also helped
Family Guardian, as it reduced
the interest rate payable on its
$10 million preference shares,
lowering the total amount paid
out to holders by $25,000 in
2006 to $700,000.
Despite the increase in Fam-
Guard's issued ordinary shares
of 16 per cent to 10 million, the
company said 2006 total earn-
ings per share, standing at $0.52


per share, compared well \vill
2005's $0.54 per share.
A total of $0.24 per share wv.,
paid out in dividends, repre
senting 40.6 per cent of .net
income and 46 per cent o)f
income attributable to ordinary
shareholders.
Total shareholder equity'had
risen year-over-year by 7.8 per
cent or $3.4 million to $47.5 rni-
lion, while the return on inm ct
ed capital was 12.5 per cent ic
2006.
The Minimum Continnuiin
Capital and Surplus R, quite
ment (MCCSR), which lelpi,
sents Family Guardian's sol
vency ratio, was 222.5 per cent
at year-end 2006, compared; to
193.6 per cent the precious yczar.


0


ff


MONDAY, APRIL 16, 2007, PAGE 11B


.
THE TRIBUNE


AIN


-Ao%







THE TRIBUNE BUSINESS


PAGE 12B, MONDAY, APRIL 16, 2007


r't


*mum
Now


COMMONWEALTH OF THE BAHAMAS
NEW PROVIDENCE


THE ACQUISITION OF LAND ACT

(Chapter 233)

.".. DECLARATION OF INTENDED ACQUISITION



WHEREAS it appears to the Prime Minister, the Minister responsible for
,-the Acquisition and Disposition of Lands that the land described in the
Schedule hereto is needed for a public purpose.


NOW THEREFORE Notice is hereby given by the Promoter, the Minister
responsible for Civil Aviation, that the said land is needed for a public
purpose, namely, for Airport upgrade and expansion and for uses related
thereto and that the said Promoter intends to acquire the said land for the said
public purpose.


ALL PERSONS interested in the said land shall within thirty (30) days of
the publication of this Notice in the Gazette or the posting of the same, state in
writing to the Promoter, whether by hand-delivery or by post at P. 0. Box
N-10114,. Nassau, The Bahamas, the nature of their interests in the said land,
the amount and particulars of their claims to compensation for such interests
and provide the relevant documents (if any) supporting those Interests.


The Survey Plan of the said land may be inspected at the Department ol
'Lands and Surveys situate at Bay and Armstrong Streets, New Providence
between the hours of 9:30 a.m. and 5:00 p.m. from Monday to Friday.


Dated the 9th day of March AiD. 2007


'-Sf j Glenys Hanna Martin
Minister Responsible for Civil Aviation


Schedules (Annexed)


DESCRIPTION


AREA = 203.49 Acres
AREA = 36.28 Acres AIRSTRIP (Parcels 'A','B','C')

ALL THOSE certain lots pieces or parcels of land together containing

by admeasurement Two hundred and Thirty-nine Acres and Seventy-seven

hundredths of an Acre or thereabouts being the Lots numbered 369-402, 1-

18 of Section I Phase III, 1-9 in Block C, 1 in Block D, Park,

3,4,7,8,11,12,13 in Block F, Park, 4-5,10-11 in Block H, 2 in Block K, 2,3,6

in Block E, 3-15 in Block D, 1,4,5,8-10,13,14 in Block I in Phase A, 1-7, 8-

32 Section II Phase III of Stella Maris Subdivision inclusive of all road

reservations falling within the areas in addition to the area used for The

Runway on plans on record in the Department of Lands and Surveys as

Plans numbered 35, 40 & 55 of Long Island situate on the eastern side of

The Queen's Highway and approximately 1.4 miles southeasterly from

Burnt Ground Settlement in the area known as Stella Maris in the Island of

Long Island in the Commonwealth of The Bahamas ABUTTING AND

BOUNDING towards the NORTH on road reservations known as

Turquoise Close and Joy Drive towards the EAST on Turquoise Avenue

Sapphire Avenue and Section I-Phase III, Phase A-Blocks B, F and A and

Section I Phase II of Stella Maris Subdivision and an area Reserved for

Agriculture towards the WEST on Fernandina Drive and Pitt Street towards

the SOUTH on Avacado Street, Park Reserve and Yumetta Drive and

towards the WEST on The Queen's Highway or however else the same

may abut and bound which said lots pieces or parcels of land are more

particularly delineated and shown bordered pink on the plan of the area

hereto annexed and marked "A".



R. Brennen
08/02/07


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SURVEY PLAN "M-- -)

PROPOSED AOUSITION Of LOIS SURROUNING THE EXISTING SIELLA MARIS AIRPORT ,-- ,-
SlUA1E
NORTH OF THE IiEN'S NOWAY AND APPAO DIATILY 1.4 M lIS I
S0IfHEASTiLY nm IU MI R! OMW SETLENT
LONG ISLAND BAHAMAS
PREPA ED AT Ix ISTMAN H unU c itSIAL
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SCALE :N.T.S


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GOVERNMENT NOTICE






Ministry of Transport And Aviation


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MONDAY, APRIL 16, 2007, PAGE 13B


THE TRIBUNE


Consolidated






to increase c.






at Blue Hills


'asked'






capacity,


plant


FROM page 1


plan to take the water supply
on New Providence from 20 per
cent to 90 per cent plus of
desalinated sea water is not
clear, but we have submitted a
proposal that would perma-
nently increase the capacity of
our Windsor plant and have
been informally asked to con-
sider how the capacity of the
Blue Hills (currently 7.2 million
US gallons per day) might be
further expanded."
Sources had previously told
The Tribune that the Water &
Sewerage Corporation was con-
sidering whether an expanded
Blue Hills plant might be able
to meet the water needs of the
Atlantis Phase 111 and Baha
Mar projects, removing the
need for another plant at Per-
pall Tract. Mr Parker's com-
ments seem to bear out that this
is now under active considera-
tion.
It will create a cloud over the
fate of the Perpall Tract reverse
osmosis plant contract, the pro-
ject's location having been
switched from the initially envis-
aged site at Arawak Cay.
The Water & Sewerage Co,-
poration and its US-based cin-
sultants. Camp, Dresser :i'0
McKee, had previously recomi
mended that the Perpall Tract
contract be given to a consul
tiumfeaturing BK Water, Ve,-
lia/Enerseervc and SalI:


(Bahamas), rather than the
Consolidated Water bid.
BK Water is a group of
Bahamian investors featuring
RND Holdings chairman
Jerome Fitzgerald and Mark
Finlayson, while Sable
(Bahamas) is headed by
Bahamian engineer Judson
Wilmott. BK would own the
Perpall Tract plant, while Veo-
lia would operate it.
There is understood to have
been concern that giving the
contract to Consolidated Water
would effectively give the com-
pany a monopoly over water
supply on New Providence, yet
the BK deal has not gone
through and been held up wait-
ing for Cabinet approval of the
recommendation.
Meanwhile, Consolidated
Water said its bulk water sales
in 2006 increased by 56 per cent
over 2006 levels, largely due to
the Blue Hills plant coming ful-
ly on line in July 2006.
Mr Parker said that leakage
from the Water & Sewerage
Corporation's pipe distribution
system on New Providence was
estimated to "exceed 50 per
cent" prior to Consolidated
Water entering the Nassau mar-
ket, its Blue Hills contract
requiring it to reduce these loss-
es by an average of 1.2 million
gallons per day.
The Tribune previously
revealed that the overall gross
margin on water sales from the
Blue Hills reverse osmosis plant
was "'greatly reduced" during


the 2006 fourth quarter because,
until it proves it has reduced
water losses from New Provi-
dence's water distribution sys-
tem by 438 million gallons per
year, it has to supply 1.2 mil-
lion free gallons per day to the
Water & Sewerage Corporation
(WSC).
In the annual report, Mr
Parker said: "Until such savings
are realized, our contract
requires Consolidated to sup-
ply up to that quantity of water
free of charge following sub-
stantial completion of the Blue
Hills plant. The review process
is currently ongoing and should
be completed in 2007.
"Howevei, in view of the
inherent uncertainty as to the
precise completion date, we
elected to take the most con-
servative accounting approach
by expensing the full cost of the
free water in the period sup-
plied. The fourth quarter of
2006 reflected this charge."
In its form 10-K filed with the
Securities & Exchange Com-
mission (SEC), Consolidated
Water had said: "Our agree-
ment with the Water & Sewer-
age Corporation for the Blue
Hills plant contains a non-rev-
enue water (NRW) component
that requires us to reduce the
amount of water lost by the
public water distribution system
on New Providence Island over
a one-year period by 438 mil-
lion US gallons.
"Until such time as we can
demonstrate to the WSC that


we have achieved this reduc-
tion, we are required to provide
1.2 million US gallons of water
per day to the WSC from the
Blue Hills plant at no cost to
the WSC.
"The costs associated with
providing this free water to
WSC are significant to overall
plant operating costs, and great-
ly reduced the overall gross
margin on total water sales from
the Blue Hills plant during the
fourth quarter of 2006. The lack
of gross margin on these sales
made by the Blue Hills facility is
attributable to higher opera-
tional costs related to plant
start-up and our current obliga-
tions with respect to the NRW
reduction component of the
Blue Hills contract.
"We are taking aggressive
actions to address these start-
up issues and to complete the
NRW project in order to reduce
operating costs and improve the
profitability of the Blue Hills
operation. However, the gross
profit of our bulk water seg-
ment in future periods may con-
tinue to be adversely affected
by the results for our Blue Hills
plant."
The company added that it
expected to meet the NRW
requirement and prove this to
the WSC in the 2007 third quar-
ter.
Unveiling its 2006 fourth
quarter and full-year results,
Consolidated Water said gross
profits on company-wide bulk
(wholesale) water sales fell as


a percentage of sales from 23
per cent for the nine months to
September 30, 2006, to 19 per
cent for the full-year.
This was attributed to the fact
that $1.7 million in sales made


by the Blue Hills plant to the
Water & Sewerage Corporation
during the three months to
December 31, 2006, were
"made at essentially a break
even gross margin".


.......I. .CAREER OPPORTUNITIES

FirstCaribbean International Bank is a member of the CIBC Group. We are the region's
largest publicly traded bank, serving over 4 million people in 17 countries. We manage
over 800,000 active accounts, with over 3,500 staff, 100 branches and centres.

Are you a proven, results oriented leader?

Do you thrive on a challenge?

Then here's your opportunity to become one of four Directors who will lead the growth and
development of FirstCaribbean's Retail Banking business in each of the following four operating
companies:
* Barbados, Belize and the OECS
* The Bahamas and Turks & Caicos Islands
* The Cayman Islands, Curacao, St. Maarten, British Virgin Islands
* Jamaica

As the Retail Banking Director, you will be accountable for the business performance of
the Branch Banking Business within your operating company, leading a large
multidisciplined team of up to 400 staff located in up to 15 branches.

RESPONSIBILITIES:
* Delivery of Retail performance across all aspects of the retail business (Financial, Risk, People
and Customer Experience)
* Responsibility for working with Managing Director and Country Management Committee to
achieve overall operating company performance
* Direct leadership responsibility for the management of the branch banking business, its
financial performance and the delivery of superior customer service to personal customers
* As a key service provider to all lines of business, lead the development and achievement of
agreed objectives, developed through effective stakeholder and partner engagement

As a seasoned professional, you will have demonstrated success in the following areas:
* Building and leading teams
* Business management, both financial and operational
* Leading change
* Stakeholder management

Relevant experience in Retail Banking will be a significant asset.

This is an exciting opportunity to join the Caribbean's leading bank and be a part of delivering
market-leading performance for our customers and shareholders.

So, if this is for you and you're up to the challenge...

You will have a challenging, diverse experience. There are opportunities tor professional
growth. Our compensation and reward package is attractively structured and performance
bonuses are offered. Please complete your r6sume, matching your skills and experience to the
role and highlighting your professional qualifications or equivalent.

Applicants are requested to submit their resume with a cover letter by 23rd April 2007.
Lisa Prescod
Manager Retail, Competency Development
FirstCaribbean International Bank
Head Office
Warrens, St. Michael
Barbados
Email: Lisa.Prescod@firstcaribbeanbank.com


MUST SELL

VACANT PROPERTY

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.


BUSINESS


^











PAGE 14B, MONDAY, APR^^IHHI^COMICSHI 6,207EHETBN UINESS


Tribune Comics


I'LL BE GLAD
WHEN THE GOLF
COURSES OPEN
BACK UP


CRYPTIC PUZZLE

\ ACROSS DOWN
1 Extent ofthe early part of the day?(5) 2 Many, many a dairy product (6)
6 Thelastporion of fishneedsalittle 3 Borls, upsetabouta line on the chart
sal (5) (6)
9 More than ample evidence of skillat 4 Apt to be bent over the sink (3)
enmixboidery (7) 5 Spread around, for Instance, about
10 Seem Ired and lall out of lovel (5) 6 Foesnot suited or decoration (7)
U Sywangledrnawaythat'sstupid (5) 7 Might she open up when the rights
12 Upigt supporters (5) are low? (4)
13 Michael, anoewrthy financial 8 Making every effort to be dismissed
backer(7) (3,3)
15 She's builtike dad(3) 12 In full, this subject is largely thematic
17 Rherduckwitharedback(4) (5)
18 FindLeo's upset aboutaspileful 13 Old enough for reduction of duty? (5)
woman (6) 14 Pay for a new mftre (5)
19 Such a letter Is presumably In the 15 Insensate urge of a chap to get a
mail (5) first-class return (5)
20 They're mostly high above the knees 16 It's no accident that a social worker
S (6) comes to me (5)
22 Tosingtipslysagiveaway(4) 18 The permittedfigure came down
24 Asectracted from yeast, even now(3) 19 Withabouthsple, would he still be the001 (5)
25 The couple atthe end of the street, manWithout his pie, would he still be theas? (7)
riot dose (7) .man he was? (7)
2 lose (7) 21 Nominally, the Inspector who
28 Jack's f osh (5) resembles Denis the menace (6)
27 TakeoffforajoumrneytoPondersEnd 22 Hardbeds(6)
(5) 23 They'll allow no gems to be removed
28 Lucky fier holding a medal (5) (6)
29 It restarts the game when a dash is 25 Assignations for eating? (5)
not allowed (4-3) 26 Will it settle around a small lake? (4)
30 Put down what sounds right (5) 28 Not all adjutants will be outstanding
31 A pisy-ike plant(5) (3)



DOUBLE CROSSWORD SOLUTIONS

CRYPTIC SOLUTIONS
ACROSS: 4, Ar-cane 7, Ben-edict 8, Stream 10, Ocean 13, Se-a-t 14, Turn 15,
Sear 16, H-EW 17, SP-IV 19, Dead 21, Cornering 23, Sane 24, Rust 26, A-LP 27,
C-hat 29, E-yes 32, DI-AI 33, Great 34, AD-just 35, Converse 36, Wealth
DOWN: 1, Ab-b-ot 2, Inne-R 3, Odin 4, At sea 5, Cert 6, Near-ed 9, Tardis 11, Cub
12, An-son 13, Sever-a-L 15, Sin 16, Hag 18, Precis 20, E-nter 21, Cap 22, Rut
23, S-L-edge 25, Pea 28, Hat-Ch. 30, Yea-RN 31, Steer 32, Due-L 33, Give

EASY SOLUTIONS
ACROSS: 4, Cerise 7, Reassure 8, Deacon 10, Press 13, Hand 14, Tent 15, Fort 16,
Bet 17, Real 19, Isis" 21, Meandered 23, Tows 24, Anew 26, Orb 27, Told 29,
Eros 32, Bell 33, Crude 34, Accord 35, Eligible 36, Usurer


Dennis


HOW COME iROCCOU AN' CARROTS 'PIPN-7
5COME ,XTiNcT LIKE TIHE PINOS6AURS?"


North dealer.
North-South vulnerable.
NORTH
4107 5 2
VQ4
*AKJ4
+K J 10


WEST
.4
V97632
*10752
4976


EAST
4K963
VA85
*83
48542


SOUTH
*AQJ8
VKJ 10
*Q96
+AQ3
The bidding:
North East South West
1 + Pass 1 4 Pass
2 Pass 4 NT Pass
5 Pass 6
Opening lead three of hearts. -
No one could possibly memorize
the best way of dealing with every
card combination that can arise to
plague a declarer. Fortunately, the
answer to most such problems can be
figured out at the table. Simple logic
will provide the right solution in
almost every case.
Consider this deal where West


( Calvin & Hobbes :


r


o~D*
0


r Tribune

Horoscope


By LINDA BLACK .


MONDAY,
APRIL 16
ARIES March 21/April 20
Stand up for a close friend who gets into .
trouble this week, Aries. Let your voic ,
be heard. A loved one asks you an
important question. Answer him or her
honestly. Virgo plays an important role.'
TAURUS April 21/May 21
A quiet evening at home could turn
into a family .gathering on Friday,
Taurus. That special someone needs
your help with a personal problem late
in the week. Do what you can.
GEMINI- May 22/June 21.
You have quite a hectic week ahead '
of you, Gemini. If you work hard,
you can accomplish everything. An
acquaintance asks you for advice
about a family matter.
CANCER June 22/July 22-.'
Even though a loved one gets you
into trouble, don't be too angry.
Leo. Instead of wasting your energy
getting upset, try to figure out a way
to rectify this situation. It will take a
bit of time, but things will work out.
LEO July 23/August 23 *,
Don't let your conscience get the belt
of you when you tell a little white lis,
early in the week. You fib so that yo.u
don't hurt a loved one's feelings.
Sagittarius plays an important role.
VIRGO Aug 24/Sept 22 .*
A friend asks a favor of you, Virgo.
While this puts a lot of pressure on
you, you are up to the challenge. Stay'
focused on the task at hand, and
everything is sure to go smoothly.
LIBRA Sept 23/Oct 23
Don't believe everything that you
hear early in the week, Libra. An'
acquaintance is trying to get you.
involved in a risky venture. What he -
or she is telling you seems too good to
be true and it really is.
SCORPIO Oct 24/Nov 22
Don't keep your emotions bottled u1
this week, Scorpio. When you're "
feeling blue, let loved ones know.
about it. Don't be afraid to open up.
SAGITTARIUS- Nov 23/Dec 21
Don't back down from a co-worker's
challenge on Tuesday, Sagittarius.-
You know that you are right in this sit-
uation. Don't let this person intimidate'
you. That special someone has a sur-
prise for you onaturday. Enjoy!
CAPRICORN Dec 22/Jan 20
Don't let a close friend tiy to talk you
out of doing something ,hat you really
want to do early in the week. You're
the only person who knows what is
best in this situation.
AQUARIUS -Jan 21/Feb18
Be realistic when it comes to your
social schedule this week, Aquarius.
Set your priorities, a;d make time for.
what's most important. Turn to a,
loved one for advice if needed.
PISCES Feb 19/March 20 .
You have a difficult decision to
make this week, Pisces. While you
don't want to let down close friends,
you have to do what is best for you
and your family. Don't feel guilty.


leads a heart against six spades. East
takes the ace and returns a heart to
dummy's queen.
South must avoid a trump loser to
make the slam. There is no good rea-
son to postpone playing trumps, so
declarer leads one from dummy,
planning to finesse.
But which spade should he lead
from dummy? The proper play is the
deuce, not the ten. This is because
East might have the singleton king,
in which case the ten lead would
establish West's nine as a trick.
After South leads the deuce and
wins with the queen, presumably
marking East with the king, he
returns to dummy with a club in
order to repeat the spade finesse.
But this time South should lead
the ten from dummy, not the five.
The ten is led in order to guard
against the possibility that East
might have started with four trumps
instead of just two or three.
Once South leads the ten, he
makes the slam whether East covers
with the king or not. But if South
makes the mistake of leading the five
from dummy and finessing the jack,
he will then have to lose a trump
trick to East's K-9 and go down one.


IA G


E


R

L


B




E


I
E'


A


M


The
Tarwst
-la
wonts in
the main
bodyof
Chambers
21st
Century
edkonm y
oftiml


"4 HOW many words of four
letters or more can you make
S from the letters shown here? In
maldking a word, each letter may
be used once only. Each must
contain the centre letter and
there must be at least one nine-
letter word. No plurals
d TODAY'S TARGElr
Good 13; very good 20; excellent
26 (or more). Solution
tomorrow.


ACROSS
1 Large house
(5)
6 Respond (5)
9 Disproved (7)
10 Wide (5)
11 Omens (5)
12 Slumbered (5)
13 Takes (7)
15 Snake (3)
17 Hospital room
(4)
18 Series (6)
19 Fireplace (5)
20 Account (6)
22 Maize (4)
24 Previous day
(3)"
25 Nobleman (7)
26 Xmas song (5)
27 Body of water
(5)
28 Pinafore (5)
29 Put back (7)
30 Enquired (5)
31 Strayed (5)


DOWN
Continent (6)
Spoke in public
(6)
Coldour (3)
Drags (5)
Pause (7)
Revise (4)
Swiss county
(6)
Begin (5) ',
Conscious (5)
Pancake (5)
Buffalo (5)
Rep (5)
Take unlawfully
(5)
Expressed
dismay (7)
Ousts (6)
Metal (6)
Distant (6)
Cooks In water
(5)
Be concerned
(4)
Expert (3)


I DOWN: 1, Crept 2, Haven 3, Asks 4, Cedar 5, Road 6, Stones 9, Entire 11, Red 12,
Strew 13, Holdall 15, Fan 16, Bid 18, Easter 20, Sewer 21, Mob 22, End 23,
Tricks 25, Cod 28, Older 30, Rumba 31, Sever 32, Boar 33, Cage


IOH S Sb e o na Ore


Hendque Mecking v Tan Lian
Ann, Petropolis 1973. Material is
level, and although White's
queen, rook and bishop are all
well placed for attack, the
problem Is that his own king is
exposed. The obvious play 1
Rxc7 Qel + 2 Kg2 allows Black
to draw by Qe2 + when the
black queen delivers perpetual
check to the white king. But
Brazil's Mecking, then the
number-one grandmaster in
South America, knew the
technique which experts call
"the skewer" and took just two
turns to induce his Indonesian
opponent to resign. What
happened?


I~22~lJ~


8147
I I I I 1 _


-1 irhl


LEONARD GARDEN


PUZZLE SOLUTIONS
IJedija)unoo)penqJqaintde3o M eMJatjlMaas
o) uaenb aiM" aq) SugMole 'aAotu 01 seq 6upt Ieq
Mqu *1X0 tr pue +LqO L3axo! amsneaq poau5sai
ipetg puIt +Lx Lx) I+LIxg :Ltg uoflpos ssa


.1.i*


BLONDIE


MARVIN


The Step-By-Step Approach


i f


1.77,.-.,.. .. _,.-..


- - - - - - 11


CM Co t Bridge

By StMve Becker


S i


THE TRIBUNE BUSINESS


PAGE 14B, MONDAY, APRIL 16, 2007












APRIL 16, 2007


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

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* WPBT Cycling. 1930s-era folk art quilt depicts Mor- Iraq; "Operation Homecoming." (N) Al (CC)
mon history; painting. (N)
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(N) ,) (CC) Lynch and Hadand Williams. sister. n, (CC)
Deco Drive Drive Alex gets arrested and is sep- 24 An unforeseen development jars News (CC)
* WSVN rated from Corinna; Winston catch- Jack; President Palmer rattles the
es a beauty's eye. (N) (CC) administration. (N) (CC)
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(N) [ (CC)

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BBCI (Latenight). Report (Latenight). sential guide to (Latenight). Report
computers.
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BET (CC) leprechaun will stop at nothing to protect his gold. (CC)
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CBC Bay Lightning. From the St. Pete Times Forum in Tampa, Fla. (Live) (CC)
N NBl) On the Fast Money The Apprentice: Los Angeles ,( The Big Idea With Donny Deutsch
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COM to get more time With Jon Stew- port (CC) Show (CC) War re-enact- Roommates" 1) tempted by Dr.
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ESPNI Fuera de Juego Dallas. (Live) Intl. Edition
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EWTN Lady I
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INSP (CC) Woman (CC) Truth
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!against Brock. parents in tiff. Gracie all over. Movie" ', (CC) lullaby. l n (CC) n (CC)
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NTV Los Angeles (N) New York to begin his search.
SPinks Inside Nextel Cup (N) SPEED Road Back in the Day Barrett-Jackson 2007: The Auc-
_SPEED_ PTour Challenge (N) tions (N)
Bishop TD. Behind the Mark Chironna Jentezen Jesse Duplantls Praise the Lord (CC)
TBN Jakes (CC) Scenes (CC) Franklin (CC) (CC)
Everybody Friends Monica's Friends Monica Friends Monica Friends Ross Family Guy Pe- Family Guy
TBS Loves Raymond high-school friend makes dinner for breaks up with drives Chandler ter's given sensi- Family shops on
,n (CC) visits. C her parents. her boyfriend, and Joey crazy. tivity training. Christmas Eve.
(:00) Little Peo- Little People, Little People, Jon & Kate Plus 8 Children engage 16 Children and Moving In (CC)
TLC pie, Big World Bi World "Safe- Bil World (N) in fall family traditions.
(CC) ty First" (C)______________________________
(:00) Charmed Charmed When Inspector Morris' Law & Order "Birthright" A nurse Law & Order "License to Kill" Mc-
TNT Carpe Demon" friend becomes possessed, he asks practitioner faces charges when a Coy and Borgia target the unlikely
,n (CC) the Charmed Ones for help. woman dies in a jail cell. t hero in a deadly car chase.
TOON Home for Imagi- Ed, Edd n Eddy Ed, Edd n Eddy Camp Lazlo My Gym Part- Courage the Futurama "Moth-
Snary Friends near's a Monkey Cowardly Dog her's Day"
TV5 Des racines et des aileses s Aventuriers des mers du sud
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ments "77-56 (N) (Part 2 of 5)
.00) Duelo de La Fee Mis Bella Lety es una nifia Destilando Amor Cristina Boda.
U N IV asiones dulce, romantica e inteligente, pero
apenas atractiva. (N)
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USA. TREASURE Detectives track a rapist with a the McMahons. Plus, John Cena. (Live) n (CC)
(2004) (CC) knowledge of forensics. (CC)
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V 1 Charm School Finalists. C Hustle C Fit Club
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VS. landers. From the Nassau Veterans Memorial Coliseum in Uniondale, N.Y.
(:00) America's America's Funniest Home Videos America's Funniest Home Videos WGN News at Nine n (CC)
WGN Funniest Home Mother's Day tribute; finalists vie for Mother's Day tribute; finalists vie for
Videos C (CC) $100,000. (CC) $100,000. (CC)
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A (CC) (CC) practice. Cl (CC) a girl. prise proposal.
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WSBK (CC) Frasier plan a Returns" Cl (CC)
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figure, then dies young. C 'PG' (CC) weekend. A another woman. 'R'
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angel considers becoming human. n 'PG-13' (CC) scheme by Boss Hogg. C 'PG-13' (CC) Cleaver (N)


15) DREAMER: INSPIRED BY A TRUE STO- */ MUST LOVE DOGS (2005, Romance-Comedy) (:45 The Making
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TMC


MONDAY, APRIL 16, 2007, PAGE iC 5

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Enjoy Great food, Prizes and Lots of Fun.


i'm lovin' it


THE TRIBUNE BUSINESS


MONDAY EVENING


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PAE 6, ODAIPIL1, 00,HETIBN


PM confirms Royal Oasis, Capri deals


(FILE photo)


Prime Minister Per-
ry Christie has
confirmed Tri-
bune Business's
exclusive revela-
tions regarding the Royal
Oasis resort and Isle of Capri
casino, saying at the weekend
that Harcourt Development
Company's attorneys had told
him the terms for the Royal
Oasis purchase had been set-
tled.
Completing
Mr Christie said Harcourt's
attorneys were completing the
sales agreement for the Royal
Oasis with Lehman Brothers'
private equity arm, which
holds the mortgage on the
resort. He added that Har-
court, which already has exten-
sive investments in Grand
Bahama through the Bahamia
sub-division and Suffolk
Court, some close to the beach
near Xanadu, planned to build
a spa and leisure centre at the
Royal Oasis, plus a new con-
ference centre, when the deal
was completed.
New timeshare facilities, an
upgrading of the International
Bazzaar, enhanced golf course,


restaurants and retail space,
and top-class hotel and casino
partners were also on Har-
court's agenda, Mr Christie
said.
He added that Lehman
Brothers had also settled the
$2.5 million in National Insur-
ance Board (NIB) contribu-
tions, which were owed to the
former Royal Oasis employ-
ees and left unpaid when
Driftwood (Freeport) closed
the property in September
2004. As for the Isle of Capri
casino, Mr Christie said
Hutchison Whampoa, owner
of the Our Lucaya resort for
which the company operates
* the casino, and the Grand
Bahama Port Authority had
worked with the Government
to reach an agreement that
would see the US operator
remain in Grand Bahama.
Added
He added: "Isle of Capri will
expand and revise its market-
ing strategies, as well as
upgrade its casino equipment.
At the same time, the jobs of
the employees will be protect-
ed and the viability of the Our
Lucaya Resort which employs


some 1000 Bahamians will be
enhanced.
"Heads of Agreements, giv-
ing effect to the new arrange-
ments which are designed to
stimulate and favourably
impact the Freeport tourism
industry, will be executed dur-
ing the coming week."
Bolster
In an effort to bolster the
PLP vote on Grand Bahama
and encourage Freeport that
better years were ahead, Mr
Christie said traffic at the
Freeport Container Port grew
by 28 per cent in 2006 coin-
pared to the previous year.
That facility also added some
300 extra employees.
The Associated Grocers
warehouse facility was about
80 per cent complete, and by
June will have hired some 200
persons, Mr Christie said,
ready to export goods to,42
countries in Latin America
and the Caribbean.
Mr Christie said 1050 new
construction permits were
issued in Freeport in 2006, for
properties worth a combined
189 million, compared to $89
million in 2005.


RBC Introduces New


Rea1 Estate Markets Team

"RBC Royal Bank of Canada Is pleased to introduce a brand new team dedicated to the real
estate market The group is focused on assisting property developers and buyers-foreign
and local, with projects based in The Bahamas and across the Caribbean region."
-Nathaniel Beneby, jr., Vice President and Country Head, RBC Royal Bank of Canada, Bahamas

F. Wayne Kendall brings more than 30 years of commercla4 a.d residential
real estate financing experience to the role of Director of Rel tate Markets,
Caribbean Banking. Since joining RBC Royal Bank of Cana a in 1976 he
has held a variety of senior relationship management positions in Ottawa,
London and Toronto. Prior to his Caribbean appointmentWayne managed
RBC's relationship with key Toronto Commercial Real Estate developers.
Wayne is a graduate of the Royal Military College, Kingston, Canada having
earned an Honours Degree in International Studies.


Lester Cox is currently stationed in Toronto, Canada as a Senior Account
Manager, Real Estate and Project Financing. He is undergoing specialized
Straining there and will return to The Bahams to head the Real Estate Team.
His banking career started with RBC 27 years ago. He has held various
management assignments throughout the Caribbean at other financial
/ ^. institutions before rejoining RBC in 2006. Lester is a graduate of the
University ofNorthTexas, Japan-America Institute of Management Science,
A and EF Ecole Internationale de Francais.

Jerome R. Pinder is Manager, Executive Banking. In this capacity he leads
a team dedicated to assisting both Bahamian and non-Bahamian investors
to acquire real estate. He has been employed with RBC since 1997 and
has held various management positions within the bank in Nassau. Jerome
holds an Honours Bachelor of Science degree in Business Administration
Sj (magnum cum laude) from the University of Alabama Huntsville, with a
d major in Finance.



Lydia L Gardner is an Account Manager in RBC's Real Estate Markets team
with over 20 years plus experience within the RBC family. Her job includes
-providing support to the Manager Executive Banking and assisting with
providing financing to non-residents wishing to invest in The Bahamas.
Having held positions in Foreign Exchange, Deposit Business and
Commercial Financial Services departments Lydia has a wealth of experience
I in customer relations.


Vaiws R. Ric.hards serves as Account Officer, assisting the team in delivering
its products and services to clients. Miss Richards assumed her current role
\vith the Royal Bank of Canada, Commercial Financial Services in 2006.
Prior to this, she worked as a Global Equity Derivatives Processing Assistant
at The Bahamas Service Centre. \antssa is a graduate of St. Francis Xavier
University, Nova Scotia, Canada %with a degree in Information Systems.




SAbout RBC RoyualfBiik.f.0imade
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First-time buyer


Stamp exemption


rise reaction mixed

E By CARA BRENNEN-BETHEL
Tribune Business Reporter
PRIME Minister Perry Christie's proposal to increase the
Stamp Duty exemption for first-time home buyers to cover prop-
erties valued up to $400,000 has met with a mixed reaction froln
realtors. ,
During the Progressive Liberal Party's first post-Easter rally on
Wednesday evening. Mr Christie announced his intention'to
increase the firt-time home buyer exemption from Stamp Duty.
for conventional homes and condo units, if he and his party are
re-elected to government.
The stamp tax on homes valued at over $250,000 the upper
limit for the current Stamp Duty exemption is 10 per cent,
which means that potential homeowners would save between
$25.000 -$40,000 towards the purchase of their home.
However, speaking with The Tribune yesterday, one industry
insider said this would only open the door for more foreign
investors to purchase Bahamian real estate, because it was their
understanding that the exemption applied to all home pur;-,
chasers. *
The realtor also pointed out that most persons in a position t6
purchase homes valued close to $400,000 range, in most cases,
could afford to pay the Stamp Duty. Still, they added, most per-
sons purchased property under $300,000, so perhaps the ceiling
should have just been increased by $50,000 to that amount.
Realtor Danielle Knowles, of Islandeaze Realty, said her comrn-
pany saw moves that help empower Bahamians to become home-
owners as positive, while said the current $250,000 ceiling was
good.
She indicated that there would be a more limited number of
first-time buyers purchasing higher value properties.
Ms Knowles said her concern would be that it was Bahamians
who were the primary beneficiaries of any incentive. The assump-
tion is that foreigners purchasing overseas are already home-
owners, she said.
However, she added that at the same time, the Government
does depend on Stamp Duty for revenue, so in that regard the
$400,000 ceiling might be high.
"We also made it easier and more affordable for young
Bahamians to buy their first homes by removing stamp duty on
homes of less than $250,000, and by increasing the exemption
from real property tax to the same level. And, let me say here that
just as we delivered on that promise when we took office, I want
to announce tonight that we are going to increase the exemption
from stamp duty for first time home owners to $400,000," Mr.
Christie said.




|too'


* PRIME MINISTER PERRY CHRISTIE


I


I


BUSINESS


. .. .... . ... ..


THE TRIBUNE


PAGE 16B, MONDAY, APRIL 16, 2007