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Permanent Link: http://ufdc.ufl.edu/UF00084249/02911
 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: 6/8/2007
 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_02911
System ID: UF00084249:02911

Full Text








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HIGH 85F
LOW 74F

CLOUDY,
ST-STORM


The


Volume: 103 No.163


Tribune


#1 PAPER IN CIRCULATION



he Afliami ETraib
BAHAMAS EDITION


FRIDAY, JUNE 8, 2007


I


Bribe probe: officer




is to be suspended


* By PAUL TURNQUEST
Tribune Staff Reporter
A POLICE officer is to be
stripped of his uniform and
suspended for his involvement
in a case where a known drug
dealer was allowed to walk
free, The Tribune has learned.
Last night a senior police
officer said that the matter
was "raw born corruption" in
its purest form.
It is not known how much
money might have been
exchanged during the alleged
bribe; however as a result of
the initial investigation
launched, a number of other
matters have been uncovered
and are currently being inves-
tigated by the Complaints and
Corruption Unit.
This case was the catalyst


that brought about the sus-
pension of a police prosecutor
and a magistrate, pending
bribery investigations that
The Tribune reported yester-
day.
The suspension of the mag-
istrate in particular, it was
claimed, was accomplished
after a complaint was lodged
against the magistrate and the
prosecutor, by another mag-
istrate.
Reportedly police officials
were extremely disappointed
that charges against a known
drug dealer were withdrawn
by the prosecutor. Allegedly,
more "serious" charges, other
than the ones on which the
drug dealer and other persons
were being held, were expect-
SEE page 10


Symonette: relations with

US better under the FNM
* By KARIN HERIG
Tribune Staff Reporter
RELATIONS between the Bahamas and the United States
are better under the FNM government than they were under the
previous PLP administration, Deputy Prime Minister and Min-
ister of Foreign Affairs Brent Symonette said yesterday.
The former government came under fire several times from
the FNM and other political observers, who claimed that some
of the PLP's actions were detrimental to US/Bahamas rela-
tions.
The PLP in the past were criticised for opening a Bahamian
embassy in Cuba, of taking too long to surrender two Cuban
dentists to the US, as well as dragging out the extradition of sus-
pected drug lord Samuel "Ninety" Knowles to Florida.
In a press conference held yesterday morning at the House of
SEE page 10


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Police suspect
PLP fire could
have been caused
by electrical fault
By ALISON LOWE
Tribune Staff Reporter
POLICE are "leaning
towards" the conclusion that
the fire at PLP headquarters
on Saturday was caused by
an electrical fault, however
the file on the matter is cer-
tainly not closed.
This was the statement
made as a second fire erupt-
ed yesterday morning in the
same part of the building
where Saturday's fire origi-
nated the roof over the
front entrance leaving
Gambier House in an even
sadder state.
"At 9.22am we received
information that a small fire
had reignited here at the
Progressive Liberal Party
headquarters. One unit
responded from the Cable
beach area. On arrival, it
met a very small fire in the
SEE page 10


No move yet
towards possible
downgrading of
embassy in Cuba
* By KARIN HERIG
Tribune Staff Reporter
THERE has been no move
yet towards a possible down-
grade of the Bahamas
Embassy in Cuba, Deputy
Prime Minister and Minister
of Foreign Affairs Brent
Symonette confirmed yester-
day.
Despite Prime Minister
Hubert Ingraham's statement
last year that the Bahamas
Embassy in Cuba would
immediately be "downgrad-
ed" to a consulate office if the
FNM came to office, no deci-
sions have been made in that
direction as yet.
At a press conference held
yesterday at the House of
Assembly, Mr Symonette said
SEE page 10


* By ALISON LOWE
Tribune Staff Reporter
POLICE unexpectedly
uncovered yesterday the vic-
tims of what is believed to
have been a grizzly d.ouble-
murder on a remote farm at
the end of a dirt track leading
frbm Cowpen Road.
A day of unpleasant discov-
eries began when a farmer
alerted police to the body of a
"partially clothed" woman at
around 8am bound with a
sheet and with bruises on her
face. She was found in a truck,
tipped on its side in the shal-
low waters of a large pond at
the end of the farm. Her body
was submerged.
Hours later, as searches of
the area continued, press were
called back to the scene after a
police dog detected the bru-
tally stabbed body of a male,
considered by police to have
been in his forties, lying in
another farm storehouse hun-
dreds of feet away.
An intensive police investi-
gation has now been launched.
Police described the female
victim as of "dark complex-
ion", with a "low" haircut and
wearing "black floral
trousers." Suspicions were
raised by the fact that she was
mysteriously bound tightly
"under her armpits" with a
sheet.
Her face was bruised,
although Asst Supt Walter
Evans noted in the first press
briefing that authorities would
have to ascertain whether
these injuries were the result
of an attack, or trauma sus-
tained when the vehicle over-
turned. There were no other
obvious signs of trauma.
According to police, the
dead male fitted the descrip-
tion of a man described earli-
er by the owner of the farm
- who declined to be named
- as a resident of a small
wooden house located near
the pond where the woman's
body was found.
It was his gold and bur-
gundy coloured GMC truck
which was found with the first
victim's body inside, said the
farm owner.
According to police, first
appearances su 11C ..J1 that


* POLICE remove the body of a male (top) and female (above)
from an area off Cowpen Road yesterday.
(Photo: Tim Clarke/Tribune staff)


the male who had been
stabbed multiple times in his
chest, and who was clothed in
green sweatsuit pants and a
brown t-shirt was murdered
elsewhere and his body later
deposited at' that location.
The owner of the farm said
he had rented the wooden
house, surrounded by fields of


banana trees and okra plants.
to his "rasta" neighbour for
about four years, and added
that "until now, all had gone
smooth."
Police have not vet deter-
mined the identities of either
victim and have called on any-
SEE page two


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THE TRIBUNE


PAGE 2. FRIDAY, JUNE 8, 2007


LOCALNW


Bahamas sign


s onto declaration


on alternative ener


sources


* By KARIN HERIG
Tribune Staff Reporter
THE Bahamas has signed
on to the Declaration of
Panama, which commits
members of the Organisation


Officials present at General Assembly of the OAS


of American States to look
at alternative energy sources
for the region.


The Ministry of Foreign
Affairs' new Permanent Sec-
retary Sheila Carey yester-
day explained that the dec-
laration sets out the "wishes
and hopes of the (OAS For-
eign Ministers) with regard
to sustainable development
and energy."
"What it is trying to do is
to encourage governments to
develop alternate sources of
energy and also the rational
use of existing sources of
energy, fossil fuels, etc," she
said.
Ms Carey, accompanied
Deputy Prime Minister and
Minister of Foreign Affairs
Brent Symonette to the 37th


General Assembly of the
OAS in Panama City, Pana-
ma, last week.
The three-day conference,
opened by OAS Secretary
General Jos6 Miguel Insulza
and Panamanian President
Martin Torrijos, brought
together Ministers of Foreign
Affairs of 34 countries and
focused on energy for sus-
tainable development.
The draft Declaration of
Panama served as the basis
for talks among the foreign
ministers, and recognizes that
"energy is an essential
resource for sustainable
development of peoples, and
that access to energy that is


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growth with equity and social
inclusion, and contributes to
poverty eradication."
Speaking at a press con-
ference at the House of
Assembly yesterday morn-
ing, Mr Symonette empha-
sised that it is important that
the Bahamas reduce its
dependency on imported
energy in the future.
He explained that although
the Bahamas does not have
access to some of the alter-
native energy sources that
other OAS members have,
the country needs to look at


sources such as wind and
solar power as well as other
possible avenues.
Among the other topics
discussed at the OAS meet-
ing was the issue of security
in the region, with particu-
lar reference to drug control
and anti-terrorism initiatives,
the deputy prime minister
said.
Mr.Symonette noted that
he met with a number of
Foreign Affairs Ministers
from the region and had
interesting talks with the
ministers from Haiti and
Canada, regarding the
Bahamas' relations with
those countries.


Double murder suspected after bodies found
" .... ... ""- v -'l .' ..1,. .** "v^ f ,


was ouna.
(Photo: Tim Clarke/Tribune staff)
FROM page one
one who has information about missing persons fitting their pro-
files or who may have seen or heard anything unusual in the
area to contact the central detective unit at 502-9991.
The incidents bring the murder total for the year to 35.


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THE TIBUNEFRIDA, JUE 8,C007,NAGES


o In brief

American

is charged

with rape

of woman
AN American man accused
of raping a woman this week
was arraigned in Magistrate's
court on a rape charge yester-
day.
Court dockets indicate that
the accused, Scott Lago,19,
committed the offense of rape
on Tuesday June 5 2007 while at
New Providence. Lago
appeared before Chief Magis-
trate Roger Gomez at Court
One Bank Lane yesterday.
Inspector Don Bannister was
the prosecutor. Attorney Ian
Cargill represented Lago. The
accused was not required to
plead to the rape charge and
was granted cash bail in the sum
of $15,000. The case has been
adjourned to October 5 2007
which is when a trial is expected
to commence.

Three are

to be tried

for murder

of Carey

A date was set yesterday for
the commencement of a trial
into the death of local busi-
nessman Keith Carey who was
gunned down outside a bank in
2006.
Sean Brown, 29, Jamal Glin-
ton, 25, and Vaughn Carey, 32,
and are expected to stand trial
on March 24 2008. The accused
men were informed of their tri-
al date yesterday when they
appeared before Supreme
Court justice Jon Isaacs.
Keith Carey, who was the
owner of the Faith Avenue and
Carmichael Road Esso 'On the
Run' gas station was 41 at the
time of his death. Reports sug-
gest that he was followed from
his service station on
Carmichael Road on February
27. According to police reports,
Carey was about to enter the
Bank of The Bahamas on
Tonique Williams-Darling high-
way to reportedly make a
deposit when a white Nissan
Maxima pulled up and a
masked gunman emerged and
opened fire on him. Carey later
succumb to his injuries. Attor-
neys Craig Butler and Devard
Francis are representing Glin-
ton and Carey is being repre-
sented by attorney Roger
Gomez Jr. Murder accused
Sean Brown indicated to Jus-
tice Isaacs yesterday that he
could not afford an attorney
and required the court's assis-
tance in that regard.


JFK suspect
admits to
mental
problems

* GUYANA
Georgetown
THE alleged mastermind of a
terror plot against John F
Kennedy International Airport
gained a brief flash of notori-
ety in his native GWana four
years ago, describing himself as
mentally disturbed after unwit-
tingly carrying cocaine in his
baggage on a trip to New York.
Russell Defreitas was fea-
tured in Guyanese news broad-
casts in May 2003 as he waged a
one-man demonstration outside
an airline he blamed for allow-
ing six packets of cocaine to be
placed in his luggage. He dis-
covered the drugs after passing
through customs, turned it over
to US authorities, and was not
arrested because they believed
it was planted, he said.
But the experience left him
in mental anguish and fear of
retribution from the traffickers
who tried to use his baggage to
smuggle the drugs, Defreitas
said so much so that he sued
the airline, demanding com-
pensation.
The four-year-old interview


has been rebroadcast repeated-
ly this week in Guyana as peo-
ple in the South American
country puzzle over how their
native son could have organized
a plot with three other men to
blow up the airport's fuel lines.


Redistribution of funding




for islands meets criticism


* By BRENT DEAN
Tribune Staff Reporters
ALFRED Gray criticised
the slashing of $109,500 from
the Acklins local government
capital expenditure budget for
the coming fiscal year.
In his contribution to the
Budget debate yesterday in the
House, Mr Gray said that
instead of giving funds to
needy islands such as Acklins,
increased local government
funds have been allocated by
the new government to islands
that are more financially self-
sufficient.
As an example of this, Mr
Gray quoted the allocations
for East End, Grand Bahama
and Eight Mile Rock which
were given capital expenditure
increases of $23,500 and
$86,000 respectively.
"Those people have jobs,"
Mr Gray said, adding that
when he was minister he
attempted to ensure that "the
poorer islands by percentage


got much more than the richer
islands."
Mr Gary also critcised the
allocations given to Marsh
Harbour and Long island as
disproportionate when con-
sidering the needs of poorer
islands such as the ones in his
constituency.
Marsh Harbour's recurrent
expenditure allocation was
increased by $434.500 while
Long Island's was increased by
$207,500 -- though for this
island, the capital expenditure
allocation shrunk by $84,700.
Mr Gray said that if an area
such as this is in need "don't
take away from Acklins to give
to Marsh Harbour. That would
not be right."
Mr Gray also critcised FNM
Vice-Chairman Johnley Fer-
guson for his comments on the
review of the contract for the
school in Salina Point, Ack-
lins.
Mr Ferguson critcised the
cost of the school, which he
said had a value of more than


$3 million for just over 30 stu-
dents leading to an average
cost of nearly $80,000 per
child. Opposition Leader Per-
ry Christie challenged Mr Fer-
guson's number stating the
building costs $2.8 million, and
that it is not only a school, but
also a hurricane shelter for the
entire community; along with
having a 400m track; sporting
facilities; and functioning as a
community centre.
Mr Gray charged that the
review of the contract for the
school is a "spiteful" act by the
FNM, as the area is a PLP
stronghold. He argued that
there is no price too high for
the children of his constituen-
cy and the contract needs to
be fulfilled.


ALFRED Gray has
condemned the allocation
of funds to Acklins and
accused the FNM of being
"spiteful"


Additional funding for



computers welcomed


Pineridge MP, Kwasi
Thompson during his contri-
bution to the budget debate,
applauded the government for
providing an additional
$250,000 for computerization
of primary schools.
He said he was also pleased
that this budget also set aside
$3.5 million for a special qual-
ity assurance programme in
the education sector whereby
participating public schools can
draw on funding to hold reme-
dial and special classes to
enable pupils to attain basic
educational standards.
"This budget keeps faith
with the people of Pineridge,
indeed the people of the
Bahamas when it comes to
education. This budget invests
in students, empowers teachers
and improves the educational
facilities in our country," he
said.
The MP said that the per-
sons of his constituency were
deeply concerned in general
about the country's youth.
"I want to add to the cliche
to say that the youth are not
only our future but also our
present. I count it a privilege to
be able to articulate the con-
cerns of the youth of Piner-
idge, indeed the youth of this
country. They are concerned
about employment, assistance
with entrepreneurship, college
education, and sporting facili-
ties among other things," he
said.
Mr Thompson pointed out
that when the Free National
Movement Government
implemented the Education
Loan Guarantee Programme
more than 2,000 young people


I KWASI Thompson


all over the Bahamas benefited
from the programme, includ-
ing some of those in Pineridge.
"I recently spoke with a moth-
er who stopped me to ask
about the FNM policy with
respect to this as her son is cur-
rently attending college under
this programme. She informed
me that she recalls initially
paying around $30 per month,
but recently pays almost $100
per month now. I was pleased
to inform her that we are
restoring the 50 per cent inter-
est rate subsidy and her pay-
ment is going to be reduced."
He said young people want
to know that there will be
opportunities available for
them, that there will be assis-
tance for development.
"Just before election I spoke


with a young man who wanted
to start a fishing business, he
required a loan for a small
boat of his own. He com-
plained that he could not meet
the requirements of the Devel-
opment Bank and honestly not
many young people can come
up with enough collateral to
qualify.
"This is only one example
of how our young people
become discouraged. 1 am so
pleased to inform the youth of
my constituency that our Gov-
ernment has allocated one mil-
lion to implement a youth pro-
gramme where young people
will be given financial assis-
tance to purchase tools and/or
equipment to start their own
small business enterprises," he
said.


MAIN SECTION ...
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THE TRIBUNE


FRIDAY, JUNE 8, 2007, PAGE 3


I







THE TRIBUNE


GE 4 FRIDAYJUNE 8 2007


FPA-'JIL ~t, I I EDT'OR, - --

I S*' S I I


The Tribune Limited
NULLIUS ADDICTS JURARE IN 'ERBA MA GISTRI
Being Bound to Swear to The Dlogia.i of No Master

LEON E. H. DUPUCH, Publisher/E'ditor 1903-1914

SIR ETIENNE DUPUCH, Ki., 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, EO. Box N-3207, Nassau, Bahamas
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Crime novelist stalked on the Internet


MASSACHUSETTS novelist Patricia Corn-
well is the first to say that life has been good to
her. From small-town beginnings in the moun-
tains of North Carolina, she has gained world
fame and wealth beyond her wildest dreams
with a string of huge-selling crime thrillers.
But dreams-come-true can have their night-
mare side, and now some of the fear a reader
finds in Cornwell's books is showing up in her
life. She moved three times in three years and
now lives near Boston, and she seldom leaves
the house without a bodyguard. "I've been
stalked before," she said in an interview, "but I
never felt there were people who wanted to
harm me."
For the past seven years, a man has been fill-
ing websites with a relentless stream of vitriolic
accusations against Cornwell: that she is a "Jew-
hater" who follows Hitler, bribes judges, is con-
spiring to have him killed, and is under federal
investigation. He has made no direct threats,
and for a long time Cornwell ignored him. Last
month she sued him for libel, hoping to shut him
down, and Tuesday a federal judge ordered
him to pull his attacks off the Internet.
Celebrities have been criticized, harassed,
and harangued before. What is unusual about
this case is both the persistence of the person
behind the attacks and his use of the Internet,
which has allowed him to lash out at his target
from beyond the reach of the courts. The case
also highlights a dilemma of the Internet age:
how to defend against libel when the defamer
can so easily hide.
The story began in early 2000, when Comwell
was living in Richmond, Va. She was about to
publish "The Last Precinct," her ll1th novel
about medical examiner Kay Scarpetta, when
she learned that Leslie R. Sachs, also of Rich-
mond, was putting stickers on his self-published
novel, "The Virginia Ghost Murders," calling it
"The must-read gothic mystery that preceded
Patricia Cornwell's newest bestseller." In letters
to Cornwell's publisher and agent, Sachs after
reading promotional material for "The Last
Precinct" accused her of "copying" his ideas
and alleged that she "appears to have made
use of my plot and storyline." Cornwell sued
him for libel in federal court. US District Judge
Robert E. Payne ordered Sachs to remove the
stickers and stop using her name to promote his
book.
Sachs then started a campaign of attacks,
using various websites, against Cornwell and
those he accuses of conspiring with her against
him, including "the infamous rogue judge"
Payne, his own former lawyer, the Bush admin-
istration, the FBI, the media, unidentified thugs,


US corporations, and the legal profession.
In his online autobiography, he says he fled to
Canada in 2004 to escape "the Patricia Comwell
gang," then settled in Brussels, where he says he
lives as "a refugee." As recently as May 10, he
tried to write some of his charges into Corn-
well's biography on Wikipedia. He has tried to
sell his own attack-filled biography of the writer
to publishers, then posted it on the Internet.
In March he posted a statement that US Attor-
ney Patrick J. Fitzgerald is investigating Corn-
well for fraud, bribery, and extortion, with
indictments likely to follow.
Fitzgerald has said there is no such investi-
gation.
Cornwell is not so much afraid of Sachs him-
self but of others who might believe his accu-
sations and come after her, though that has not
occurred. During her interview with a Globe
reporter at her lawyer's office in Boston, a body-
guard waited outside the door.
Though his presence in Belgium is uncon-
firmed, Sachs responded readily to e-mails.
Asked why Patrick Fitzgerald had signed a let-
ter, filed with the Richmond court, saying Corn-
well "is not now, and has not been, a subject or
a target of any investigation" by his office, Sachs
denounced the US attorney as "a political guy
serving the US corporate rulers." Asked a few
personal questions, he fired off several bitter
rants.
Cornwell has two high-powered libel lawyers
- James W. Morris 3d of Richmond and Joan A.
Lukey of Boston and Sachs has none. Even so,
muzzling him may be a tall oider. He disdains
the US legal system and was not represented in
the Richmond court. It is not clear how Judge
Norman K. Moon's order could be enforced
abroad or on the Internet.
Lukey intends to take Moon's order to Inter-
net service providers and search engines, and
ask them to put up a link, so a search that turns
up Sachs's allegations will automatically lead
to the court order that found them to be false,
rather than try to get them to remove Sachs's
pages from the search results. Already a Google
search using "Patricia Cornwell" turns up news
stories and blog comments reflecting her side of
the battle.
And she has millions of fans..One wrote, "I
hope that the pitiable and embarrassingly inad-
equate Leslie Sachs will be held fully account-
able for the damage he's caused Patricia Corn-
well." Even if she can't shut him up, she might
be able to drown him out.
(* This article is by David Mehegan of the
Boston Globe 2007)


You too are an





indirect victim





of violence


EDITOR, The Tribune
"HOMEGOING Service for
'Eric"Muff" McGregor; Sunrise:
November 11, 1981, Sunset: May
18, 2006."
This is without a doubt an all
too familiar story except, if you
were to consider that chrono-
logically this young man was
only 24 years of age. His true
name not used here.
I remember it like it was yes-
terday, a little baby boy saying
"Da Da, DA, DA" in front of
me and the other who under-
stands what has happened crying
his eyes out!
In fact he did not die by
God's hands who promises us
three score and ten years but by
the hands of a brutal, sadistic
ruthless and mostly selfish per-
son who does not see the error
in his ways. I know this because
he has not bothered to turn him-
self in. He perhaps claims to be a
big man who was in charge
because he was in possession of
a gun; a gun so powerful that I
can remember when I went to
see my brother at the funeral
home, he had a groove at the
top of his head which had been
as a result of a bullet passing by
to destroy his brain!
Perhaps, a reader might think
that this information is irrele-
vant but, when you consider that
May 18th is approaching, which
if you have done the math will
make one full year. and there
have been no obvious breaks in
the case, it should cause you to
think otherwise. In fact I
remember the headline in the
papers only reminding my
father, stepmother, sisters,
brothers, cousins, aunts, uncles
and friends that their, son, broth-
er, friend, and nephew was sim-
ply just another fatality. I say
this because I remember vividly
when I read the papers that the
picture of the suspect was mere-
ly a headshot about the size of a
passport photo a few pages
before the end. This made me
feel like the suspect was not real-
ly supposed to be clearly seen
by the public, who could have
aided in his capture.
You want to hear another
shocking detail? Before the sus-
pect fled after shooting my
brother, he had a home being
built and since then the home
has allegedly been built. Now
just imagine that, you don't build
a home unless you plan to live in
it or sell it, and even so, wouldn't
that mean that someone active-
ly works for you and must be
getting paid some money?
Aren't houses supposed to be
inspected by officers of a partic-
ular ministry during certain
phases if this is the case?
I wonder, why hasn't there


been any picture of this suspect
on the 'Most Wanted List',
which was just published about
two weeks ago when a suspect
on the run for three years was
just caught? The public have not
really had a chance to see this
suspect. I think you, the public,
have a right to know if this sus-
pect possibly standing behind
you on a line when you go to
pay your bills, or is walking by
the school that you children
attend, at a club where you go to
enjoy yourself, behind you at the
gas station when you're pumping
your gas, or maybe even behind
you at Wendy's or Kentucky!
Have you ever considered being
at the "Fish Fry" and someone
got really impatient and had.an
outburst? Now imagine this per-
son, only imagine this time with
a gun and only he attacks you
and shoots you because he could
intimidate you with a gun or
maybe even his conch salad was-,
n't just the way he likes it!.
If you feel that perhaps your
personal safety may be at risk
then do something about it.
Believe me, as long as a sus'-
pected killer is on the 'prowl'
your safety is at risk. Intentional
killers are impulsive and do
things at whim. If you are a per-
son in the position to influence a
decision to report a suspect then
use that influence in the safest
possible way.
Several weeks ago, my step-
mother appeared on the talk
show "Immediate Response" to
discuss the gruesome way in
which her son was killed and
also that violence seems to be
taking this country by storm. I
stray for a bit to say that we have
not even lived five months in
this year and yet the fatalities
attributed to murder have
already escalated to an astound-
ing 30 persons.
How many more persons will
lose their lives to brutal violence
before something more is done?
Obviously what measures we are
employing now are simply just
not cutting it!
If a suspect can walk up to
another person that he doesn't
know and pull out a gun, then
shoot him at close range, so
much so that the bullet tears
through his arm, then through
his side to the point of deflating
his lungs and allowing him to
feel himself suffocating in his
own blood, what is our society
coming to? I don't write this to
make this appeal distasteful but
I want the public to just remem-
ber the last nightmare that you


had, except that you could wake
up, roll out of bed, hug your
wife, mother, father, children,
and then call up your friends and
family members and make the
talk of your nightmare simply
just that 'A talk'. At least you
are able to remember it and then
forget it. Well, I can't say the
same for Eric 'Muff' McGregor.
You see, he saw his nightmare
coming, he lived it and then 'it'
killed him!
Dear readers, our nightmares
have taken on a persona through
the form of suspects who gun
down innocent young men in
broad daylight while they go
about their daily chores and
helping out their family mem-
bers. I still do have one very
piercing question which bothers
me all the time, i.e., where are
all of these guns coming from?
Are the police too busy looking
for drugs that they are allowing
the 'Magnum 357's, 45's Mac
11's, Nine Mill Rugers, Nine Mill
Glocks, AK 47's and Nine Mill
380's to come to our streets.
These are but a few of the
'Firearms and Ammo' on our
streets today! I know that per-
sons concerned are working tire-
lessly, but is everyone concerned
doing their absolute best to curb
crime? Crime does concern all
of us.
It is wonderful to put a Band-
Aid on a cut but it would be
even better if the cut was pre-
vented in the first place! Even
when you think about it, a Band-
Aid cannot mend a fracture!
I close with this thought.
There are three young boys only
one of whom will ever remem-
ber his father.
The other two are too young
to understand what has hap-
pened. A mother still ponders
sorrowfully on if her son is there
or if he will come walking
through the door at any time. A
father is still in absolute shock
and numbness.
No matter how much time has
passed, you never get over losing
a son and no one, unless you
have gone through it under-
stands! I leave you with this
verse so that it tugs at your heart
enough for you to realize that
you too are a victim of violence
indirectly. The only thing is, it
probably just hasn't shocked you
enough yet.
YOU MUST DO SOME-
THING!
According to Marcel Proust,
"We say that the hour of death
cannot be forecast, but when we
say this we imagine that hour as
placed in an obscure and distant
future."
A CONCERNED SISTER
Nassau,
June 4, 2007


jfir Gt aptit )tCburctl)
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LOA


OIn brief

Cuban
Americans
captured by
Coast Guard


Gray admits to handing out




contracts before election


THREE Cuban-American
nationals were captured by
the Coast Guard cutter Boni-
to on Tuesday.
The Royal Bahamas
Defence Force said the
Cuban nationals, suspected
of illegal smuggling, were
found in the south-west
Bahamas, near Elbow Cay.
Bonito was acting accord-
ing to a bi-lateral agreement,
the Ship Riders' Agreement,
which allows Coast Guard
vessels with Defence Force
operatives to conduct law
enforcement operations in
Bahamian territorial waters.
More Cubans were found
when a 32-foot speedboat
was searched in the Cay Sal
area.
The nationals were
believed to be planning to
sumuggle illegal migrants.

Date set for
Jackie
Moxey
murder trial
A DATE was set yester-
day for the trial relating to
the death of local softball star
Jackie Moxey.
The trial is set to begin on
March 10, 2008. Moxey was
killed in October, 2005.
Reports say Moxey, 44,
died as a result of injuries
sustained in an altercation
with a man known to her.
Ian Hutchinson, 46, who
has been charged with her
murder, is being represent-
ed by attorneys Murrio
Ducille and Tamara Taylor.
Justice Jon Isaacs will pre-
side.

Father's Day
lunch at
Christ the
King Church
A FATHER'S Day lunch
will be held by Christ the
King Anglican Church.
The Church would like to
encourage persons to come
out at 1pm on June 17th for
"an afternoon of fellowship
and fun".
The lunch will be held a
th'e parish hall, Ridgeland
Park West and there will be
vw-rious door prizes.
For further information
call 328-0435.

Dominicans
arrested for
fishing in
exclusive zone

THE Defence Force
arrested 52 men aboard two
Dominican fishing vessels on
Wednesday afternoon for
allegedly fishing in an exclu-
sive fishery zone in the
Bahamas.
The Ana Lisa, a 55-ft fish-
ing boat and the Orion One,
a 70-ft fishing vessel, were
intercepted just west of
Ragged Island with a quanti-
ty of fish and other marine
resources onboard.
According to RBDF
reports, as the patrol craft,
HMBS Yellow Elder, under
the command of Lieutenant
S Commander Gregory Brown
approached the boats, the
crew started throwing their
Scratch overboard, before
, being arrested by defence
Force authorities.
S The foreign vessels and
crew are expected to arrive in
Nassau at 10am today.


!'Share

your

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


*s.^^^^^^T^^^^^^^^


I ." '


* By BRENT DEAN
Tribune Staff Reporter
ALFRED Gray, MP for
MICAL, has admitted issuing
numerous election time con-
tracts to MICAL constituents,
an accusation made against him
during the election by FNM
leader Hubert Ingraham.
However, Mr Gray argues
that these contracts were aimed
at providing relief to impover-
ished parts of the Bahamas,
rather than to improperly influ-
ence voters.
Mr Gray passionately defend-
ed his record yesterday in the
House, countering claims by the
FNM on the campaign trail.
"The one thing they will find
is that I did not do anything
which did not benefit my peo-
ple," he said.


* By ASHLEY THOMPSON
ENVIRONMENTALIST
Sam Duncombe said yesterday
that she was disturbed by the
mentality of younger Bahamians
who are making dumping
grounds like the one on Pineyard
Road more and more common.
Mrs Duncombe bemoaned
the fact that people were piling
up car parts, tools, and other
forms of waste and discarding
them on someone else's prop-
erty.
Thos showed "the lack of
basic appreciation people have
for the natural environment and
other people's property," Mrs
Duncombe said.
"The older generation of
Bahamians were never a nasty
people. The mentality has
developed where the citizens of
this country think it is okay to
just discard garbage at any loca-
tion. This is destructive and
leaves the island filthy".
Mrs Duncombe complained
that some persons choose to just
drop their waste wherever they
are standing, while others go
through the process of driving it


THE government is looking
at implementing a national
youth policy in a collaboration
of the private and public sec-
tors.
In the House of Assembly on
Tuesday, Minister of State for
Youth and Sports Byran Wood-
side said that $45,000 has been
provided for this process to
begin.
His comments came during
the debate on the $1.5 billion
2007/2008 Budget.
"The geographic fragmenta-
tion of our chain of islands in
the Bahamas will have a num-
ber of implications for executing
this policy," said Mr Woodside.
"But, I am confident that with
the assistance of our partners
in youth development, a youth
policy, long overdue, will be
realized.
"We therefore intend to
review the present legislation
in place for youth, and provide
a National Youth Policy, reflect-
ing a long term strategic instru-
ment and an integrated cross
sector and coherent approach
that will serve as the coordina-
tion of youth programmes."
In the meantime, the Minister
announced that activities asso-
ciated with National Youth
Month, normally held during
May, have been postponed to
October this year.
"In conjunction with the
Youth Department and youth
leaders, numerous events and
activities are co-ordinated to
highlight the achievements and
accomplishments of our young


"The talk about the jobs my
ministry gave near the election
- the ministry gave them on my
authorisation," he added.
Mr Gray said that Morton
Salt was on the verge of "col-
lapse" at the time of the elec-
tion, with numerous people
being laid off, necessitating pub-
lic intervention.
"I approached the Cabinet.
And I got Cabinet approval to
hire short-term people through-
out the Bahamas, but more par-
ticularly in the MICAL con-
stituency.
"And so when you see these
two months, three months con-
tracts, it was a stop-gap mea-
sure approved by the Cabinet,"
he said.
"They can complain as much
as they like about me. I gave it,
and Lord if I come back, I'll do


to other locations to dump it
there.
Other areas on the island,
such as the coastal road just west
of Orange Hill, are also suffering
from abuse of the environment,
say Mrs Duncombe.

Reef

Developments on the oppo-
site side of the road have no
wall to protect the coast from
the silt that flows into the ocean
when it rains, and this silt and
other runoff is destroying the
seven-mile barrier reef on the
northern end of New Provi-
dence.
This reef is what protects the
coast and it too needs to be
safeguarded, said Mrs Dun-
combe, who is the president of
environmental campaign group
reEarth.
And she stressed that those
who do not agree with illegal
dumping should not sit idle and
say that 'they' referring to offi-
cials need to do something
about it.
"'They' is us", Mrs Dun-


people throughout the
Bahamas.
"May 2007 presented some
unusual challenges for the
organizers and participants, due
to national demands of the gen-
eral election, the extensive
nature of coordinating proce-
dures and the class with nation-
al examinations.
"The youth leaders and my
staff therefore, determined that
a postponement of this year's
celebrations was more practi-
cable.
"My ministry will not allow
an entire year to pass without
giving young Bahamians an
opportunity to be highlighted,
recognized and celebrated
through its annual youth march
and rally, national recognition
ceremony and Youth Parlia-
ment," said Minister Woodside.
During October, the ministry
will also introduce a National
Youth Forum, a Youth in Busi-
ness and Professional Day, a
float parade to coincide with
National Heroes Day, and a lec-
ture series for youth leaders.
"The staff of my ministry and
youth leaders will view Octo-
ber as a test run in the first
instance, and determine if it
should be set aside or to revert
to May for these most impor-
tant celebrations," he said.
Mr Woodside told House of
Assembly members that the
provision of $120,000 will assist
in the overall execution of
National Youth Month in New
Providence and the Family
Islands.


it again," he said.
Mr Gray added that the small
contracts came either from the
request of local government
councils, or from his observa-
tions as he manoeuvred through
his constituency.
"As I drove through my con-
stituency I saw the need and,
since time was running out for
me, I said 'let there be paint on
that school right there,'" he said.
The granting of these con-
tracts was controversial during
the last election campaign. Mr
Ingraham lashed out at Mr
Gray in Crooked Island.
Mr Ingraham told supporters
in Cabbage Hill that it is
"unthinkable" that this type of
political influence still exists in
the Bahamas.
"Your MP, and the adminis-
tration which he is running in


this part of the Bahamas, is
worse than any place else I have
been in the country," he said.

Investigation

The current prime minister,
at the same rally, issued a warn-
ing to those who received con-
tracts, also pledging that if he
won the election, he would call
an investigation into expendi-
ture of public funds in MICAL,
implying that Mr Gray needed
to be brought to account.
"If you have a service to per-
form, and they are paying you,
do the job. But if they are giving
you public money to vote for
them, and you are taking it, eat-
ing your mutton and shutting
your mouth, then you will have
to account, just like Alfred Gray


combe said, "We need to begin
to police ourselves".
She said that there is a need
for an increase in community
policing of these issues.
Suggestions she made includ-
ed using equipment such as dig-
ital cameras and camera phones
to catch people in the act.
Reporting these people to the
Ministry of Environmental
Health along with this evidence
may be embarrassing for those
persons committing the crime,
but it is necessary if that is what
it takes to make people follow
the law, said Mrs Duncombe.


Smart is Tough


THE ALL NEW 2007 FORD RANGER


is going to account for this mon-
ey," he said.
To this date, Mr Ingraham
has not publicly stated whether
he has begun such an investi-
gation.
However, Mr Gray boldly
declared that he makes "no
apologies" for his actions.
Sources indicated that in
some of these contracts, multi-
ple contractors were selected
to, for example, paint the out-
side of small buildings, while
several others were contracted
to do repair of maintenance
work on the inside.
In further defence of the con-
tracts he issued, Mr Gray said
that in 2002 the FNM hired 300
people days before the election,
attempting to parallel his behav-
iour with that of the second
Ingraham government.


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Environmentalist calls



for action to stop



culture of dumping


Funds set aside



for national



youth policy


FRIDAY, JUNE 8, 2007, PAGE 5


THE TRIBUNE







THE TRIBUNE


PAGE 6, FRIDAY, JUNE 8, 2007


I


4m~


* CHARLES Maynard


THE governmenIt is propos-
ing to relocate the D)epartment
of Archives Iiom its cramped
iqlarltels on Mackey Street to
"a suitable site" in the Glad-
stone Road area.
This was revealed in the
House of Assembly by Charles
Maynard,. Minister of State for
Culture, during the 2illvl- ,'IN
Budget debate.
According to Mr Maynard,
the government's stated inten-
tion of passing a Freedom of
Information Act "has broad
implication for the Department
of Archives, which will be one
of the foremost agencies
charged with the release and
dissemination of public
records.'"
He said in order to meet the


Relocation necessary as

government plans Freedom

of Information Act


forthcoming demand the
Department of Archives will
require expansion of both its
human and physical resources.
This includes additional
archivists, conservateur and
administrative and support staff,
as well as increased storage
capacity for public records.
Mr Maynard said Crown
Land has been identified in the
Gladstone Road area "that


would eventually be a suitable
site for a new purpose archives
building."
The minister emphasised that
the Department of Archives is
also "actively preparing" a plan
for the preservation and con-
servation of the maps and plans
that are stored at the Depart-
ment of Lands and Surveys.
New allocations have been
granted to this vital institution:
Information Technology co-
ordination initiative $25,000.
Expansion of archive oper-
ation $170,000.
Commenting on the Clifton
Heritage Authority, Mr May-


N LADY Edith Turnquest is pictured opening an exhibition at
the Department of Archives in 2001. The government has
decided that larger premises to accommodate more records and
staff


nard said the development of
the first phase of the Clifton
Heritage National Park "is a pri-
mary focus of this government."
He stressed that some funda-
mental features of the park will
include a series of nature trails,
restrooms located in strategic
areas, observation decks to bet-
ter observe the ruins, and the
flora and fauna of the wetlands,
picnic areas, adequate and
secure parking lots, gift shop
and concession area.
"All facilities will be operated
and manned by properly uni-
formed, trained and informa-
tive personnel," he said. "A


playground for children will be
a special feature. The first phase
is anticipated for completion by
June of this year.
"The Heritage Park is
designed to offer Bahamians
and visitors alike the opportu-
nity to enjoy walks through
primeval forests, viewing a vari-
ety of Bahamian flora and birds.
Additionally, the park will offer
picnic and beach opportunities
and scenic views from the cliff
that the area is famed for. A
variety of both heritage infor-
mation and directional signs will
render the park very user
friendly."


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TRAIMON ASA CARLYN JOHNSON, 15


a resident of Allen Drive, Carmichael Road, will be held
on Saturday, June 9, 2007 at 2:00 p.m. at Golden Gates
World Outreach Ministries, Carmichael Road. Officiating
will be Bishop Ross L. Davis, assisted by other ministers
of the gospel. Interment will be made in The Southern
Cemetery. Services have been entrusted to Gateway
Memorial Funeral Home, Mount Royal Avenue and
Kenwood Street.


SCherished memory will remain in the hearts of father,
Lionel Johnson Jr.; mother, Carolyn Johnson; sister,
Lynieka Collie; five brothers, Lionel III, Shawn, Edwin,
Daniel and Orlando; one nephew, Lamarque Drew Jr.;
grandparents, Edris and Lionel Johnson, Ruth Saunder'
and Felton Collie; 13 aunts, Jennimae Hunt, Cherily'a
Antonio, Glenrea Sullivan, Garnell Johnson, Nicarvai
Miller, Bernadette Rolle, Sestelle Wallace, Denise Fritz, Candy, Delarese, Latoya, Victori.,
and Ann Collie; 11 uncles, Ten-ance and Prince Johnson, Percy Hunt, Eric Antonio, Patrick
Sullivan, Neil Miller, Bernard, Edward and Alexander Saunders, Washington Wallace
and Racardo Fritz. Host of other relatives and friends including the following and their
families, Betty Bullard, Ella Thompson, Christopher Thompson, Bernard Thompso,
Michael Symonette, Richard Rolle, Rudolph Ferguson, Apostle Humphrey Ferguson,
Minister Franklyn Ferguson, Claudette Dean, Naomi Mackey, Paula Ferguson, the Moxeys
and Christine Bailey, also Kenrick Antonio, Ewonka Smith, Kevante, Kynardo, Kavaro,
Satario, Terrance, Reno, Julian and Terranique Johnson, Ashanique Anderson, Caraneksa
Farrington, Akema Smith, Alichia Miller, J'Nae, Janeil, Bernard Jr., Alexandria, Brent,
Samuel, Jasmine, Christopher, McRoy, Jadia, Kayla McKenzie and Rochelle, the family
of H. 0. Nash Junior High School 9R, Hopewill Community Church, Pastor V. Johnson
and the family of The New Dimension Ministry, the Kemp Road family and Allan's Drive
family, and Golden Gates World Outreach Ministries, Joan Miller and family, Anderson
and Kemp family, Lillymae Gaitor and family.

Friends may pay their last respects at the Funeral Home on Friday from 10:00 a.m. to
6:00 p.m. and on Saturday from 9:00 a.m. to 12:00 noon and from 10:00 p.m. to service
time at the church.


ELLIYAH MEKENNA TATE, 4

a resident of of William's Drive off Cowpen Road,
will be held on Saturday, June 9, 2007 at 1:00 p.m.
at Mekaddist Ministries, Shopping Centre, Prince I
Charles Drive. Officiating will be Bishop Chadwick
James I. Interment will be made in The Woodlawn
Gardens Cemetery, Soldier Road. Services have been .. .
entruestd to Gateway Memorial Funeral Chapel, Mount
Royal Avenue and Kenwood Street. .

Left to cherish her memory are her parents, Ellison
Jr. and Diana Williams Tate; one brother, Felton Capron .: ,
Jr.; three sisters, Fatimah Capron, Mikah Anderson ;| F ,
and Ellesiah Tate; two grandmothers, Monica Williams p
and Garnelle Lowe Holmes of Miami, Florida; two
grandfathers, Patrick williams Sr. and Ellison Tate
Sr.; eight aunts, Bettyann Williams of Turks and Caricos,
Ruth Williams, Monica Williams, Linda Grace of Miami, Florida, Monique Scott. Bodie
and Carylon Adderley; two uncles, Patrick Williams Jr., and Charles Williams: 20 cousins,
Darius Ashton, Nemiah Jr., Beyonce, Patrick, Troydeea, Antaniece, Rayshco, Tierra,
Andre, Travelious Jr., Andrea, Andre, Angela, Adrian, Treco. Sapphire. Melissa and
Darian; godmothers, Lorrine Butler, Keish Johnson. Olivia Robinson and Tidqia Toote,
Paula Demeritte and Carlton Rolle: godfathers, David and Ambrose: ICU/IMCU and
administration staff of Doctors Hospital: Charles Sealy II, Paul Haven. Nadine DeCosta,
Joanne Diah, Dorcena Nixon, Patrick Laing and Linda Stewart: nursing staff of Princess
Margaret Hospital, Nurse Kayla, Margrette Knowles, Palacious and N/A Paula, Dr. Steve
Lochan, Dr. Jerome Lightbourne, Dr. Paul Hennis, Dr. Percival McNeil and other medical
personnel; Mekaddish Ministries, students of Kimmies, Helena Smith, Kimberly Ferguson
and Shenique. Dornell Symonette and staff of Paper World of Print Max and many others
too numerous to mention.

Friends may pay their last respects at the Funeral Home on Friday from 10:00 a.m. to
6:00 p.m. and on Saturday from 9:00 a.m. to 11:00 a.m. and from 12:00 noon to service
time at the church.


Loavoe-: Thursday @11pm
Returns: Aunday @6am
LoavOs: Friday @8pm
Returns: unday @6pm



Call: 557-3865

357-8402

362-1164


Archives to be moved C4




into larger premises


1_ _~


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OIn brief

Venezuela
makes call
for leftist
defence pact
I VENEZUELA
Caracas
PRESIDENT Hugo
havez called for the creation
f a common defence pact
between Venezuela, Cuba,
qicaragua and Bolivia, while
le leftist Latin American
loc announced the creation
f a development bank to
nance joint projects, accord-
ng to Associated Press.
Chavez said Wednesday
hat the four-nation Bolivari-
n Alternative for the Amer-
:as, or ALBA, which began
s a socialist-leaning trade
roup, should cooperate mili-
arily to become more inde-
endent of US influence.
"It seems to be the moment
o. establish a joint defence
strategy Chavez said. He
called for joint military aid as
'ell as intelligence and coun-
erintelligence cooperation
to prepare our people for
defense so that nobody makes
ny mistake with us."
Chavez denounced coun-
ies in the region that collab-
rate with the United States
n defense and security
through the Washington-
ased Inter-American
defensee Board.
He said closer defence co-
peration was necessary
because of "the terrorism and
permanent aggression of the
United States."
The countries also signed
n agreement to establish an
.LBA development bank to
nance joint projects. The
ank will be active within two
months, the Venezuelan gov-
rnment said. It did not give
details on the new bank's
Landing.
Chavez raqr through other
accords being evaluated by
>e bloc in areas including
purism, mining, the environ-
ient, technology and energy.
le also said that a permanent
ELBA secretariat would soon
e established.
ALBA began as an agree-
ient between Chavez and his
uban mentor, Fidel Castro,
killing for co-operation based
n socialist principles. Bolivia
nd Nicaragua later joined,
nd Ecuador is considering
membership.




INSIGHT


For the stories


behind the


news, read


Insight on


Monday


Concern mounts



over growing pit



bull population


RESIDENTS in the Berry
Islands have become concerned
about the growing trend for
young men to own pitbulls and
the number of neglected dogs
on the streets.
As a result, Inspector James
Moss summoned the support of
The Bahamas Humane Society
and planned a public meeting
to address the issues.
The BHS flew their Inspec-
tor Percy Grant to Bimini to
address the community meet-
ing in Bullock's Harbour.
There were so many ques-
tions and so much enthusiasm
from residents the meeting last-
ed over three hours.
Inspector Grant said: "I share
concerns over young people
keeping pitbulls as they often
have them for the wrong reasons.
"We see examples in Nassau
daily of the 'my dog is meaner
than your dog' syndrome and
there comes the point when
some owners want to prove it.
"Pitbulls by nature are no
more inclined to attack than
most other breeds but they are
very strong, as well as intelli-
gent, and they do the owner's
bidding.
"It is the owner who may be
dangerous as they may either
intentionally encourage the dog
to attack or they may simply
not be capable of training such
an energetic breed.
"Dog attacks usually take
place due to the failure of irre-
sponsible people."
Inspector Grant was invited
by principal Cleveland Ramsey
into the R N Gomez All-Age
School in Bullocks Harbour to
address students there about
responsible animal ownership.
The BHS was delighted to
accept this invitation as it has
just launched a new initiative
to get humane education mate-
rials into all Bahamian Schools.
BHS executive director Kevin
Degenhard said: "I applaud the
initiative of Inspector Moss and
principal Ramsey as children as
young as eight years old have
approached us because they
want a pitbull.
"Of course, we decline and
point them in the right direc-
tion but it is very worrying that
there is a peer influence which
encourages children to want
what they see as mean dogs.
"This will fuel the criminal
dog-fighting sub-culture and
make this country an increas-
ingly dangerous place to live if it
is not nipped in the bud."
Inspector Moss said: "From
all indications and feedback
from the students it would
appear as if they were enthused
and benefited from the infor-
mation provided."
Inspector Grant also toured
the island to see the street dog
problem first-hand.
He said: "The law is woefully
inadequate as it fails to protect
people from dangerous dogs
and it fails to protect animals
from negligent, irresponsible
people.


Royal Bahamian Resort @ Offshore Island


Invites applications for the position of


EXECUTIVE CHEF

INTERNAL AUDITOR

PROJECT MANAGER

DANCE INSTRUCTOR


Fax or email resumes with proof of
qualifications and experience to:
major @ srb.sandals.com
Fax: 327-6961


Closing date June 8, 2007.


141


A.'; ....
S.. A PIT bull terrier

A PIT bull terrier


(Photo: AP/Oakland Tribune, Ross Cameron)


"The BHS has worked with
successive governments since
the early 1990s and in 2005 by
materially contributing to the


drafting of the proposed Ani-
mal Protection and Control
Act, which still has not been
made law."


Travel association to

promote Bahamas as

religious destination


A leading American Christ-
ian travel group has pledged to
work to make the Bahamas the
destination of choice for Chris-
tian groups and individuals
seeking vacations.
Kevin Wright, executive
director of World Religious
Travel Association (WRTA),
made the commitment directly
to Minister of Tourism Neko
Grant in a meeting at Ministry
of Tourism's Nassau headquar-
ters. WRTA is responsible for
organising the visit of a 2,500-
person group to Nassau this
week.
The group, known as Praise-
Fest Ministries, included
celebrities who visited Nassau
schools and Her Majesty's
Prison. They also staged a free
inspirational concert at Clifford
Park, featuring gospel super-
stars Donnie McClurkin, Fred
Hammond and Nicole C
Mullen.
Mr Wright said religious
tourism is the fastest growing
segment of the travel industry,
and the Bahamas is in a good
position to benefit from millions
of travellers seeking destina-
tions compatible with their spir-
itual convictions.
"As this market has grown
over the last 10 years, they are
looking for more destinations
than just the Holy Land," Mr


* DONNIE McClurkin

Wright told Mr Grant, adding
that he believed the Bahamas will
emerge as the number one desti-
nation for religious travellers.
Linville Johnson, director of
religious tourism in the Min-
istry of Tourism, said WRTA's
extensive work with churches,
ministries and other religious
organizations puts them in a
position to bring significant
business to the Bahamas as the
ministry seeks to build i religious
tourism.
"Kevin, in his capacity, will
help us to reach our goal in
increasing religious visitors,
groups and conferences," he
said.


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


THE TRIBUNE


FRIDAY, JUNE 8, 2007, PAGE 7


*
*
*







THE TRIBUNE


mA(^i_ Q cinAV .11 IlINF 8 2007


rr~'.~.IL~ LJ~ I I "'~' -, -- -


Mitchell is no longer relevant


* By ADRIAN GIBSON
ajbahama@hotmail.com
www.weblogbahamas.com

T DID not come as a
surprise that certain
hopeless elements within the
PLP attempted to take a shot
at me by ordering, since last
year, that a warning letter be
sent to me (a civil servant)
demanding that I immediately


YOUNG MAN'S VIEW


ADR IAN

cease to write my column,
while masquerading behind
the articles of general orders.'
In his sanctimonious out-
pourings on public service
reform, it would be interesting


Manageinent Assistant

.A leading wholesaler seeks to identify an ambitious and
dynamic individual for the position of management
assistant. Interested persons should possess:

4 Bachelor's or Associate's degree in business
administration from a recognized university

V Strong communications skills (written and verbal)

V Thorough working knowledge of Microsoft
Word, Excel and PowerPoint

v Good organizational skills and the ability to
rpeet deadlines

V Minimum of two years' experience in human
resources or administration

Salary is negotiable according to qualifications and
experience.


Please reply by June 15th to:

MANAGEMENT ASSISTANT
Lowe's Wholesale Drug Agencies
P.O. Box N-7504
Soldier Road
Nassau, Bahamas


G I


B S 0 N


to know if former public ser-
vice minister Fred Mitchell
proposes to outlaw the vic-
timisation of civil servants,
because my own experience
suggests otherwise.
A Ministry of Education
demand/warning letter updat-
ed to May 21, and apparently
urgently served and delivered
on my job the same day, was
clearly a last-ditch effort by
the former administration to
victimise me (I had been con-
fidentially made aware of this
letter since January).
Really, when has the Min-
istry of Education or the Pub-
lic Service ministry, both slack
bureaucracies, ever delivered
so quickly?


mute and frightened citizens.
General orders are dracon-
ian, medieval statutes put in
place to thwart free speech,
freedom of association and
hinder public servants from
exercising their democratic,
constitutional rights. The con-
stitution guarantees my rights,
and absolutely no-one will
infringe upon them!
Entirely revising and
amending general orders and
reforming the public service


March 17, 2007 the website
alluded to my being fired or
declared that my choice to
exercise my democratic rights
were in contravention of gen-
eral orders.
In the December 17, 2006,
edition of the web column, it
was alleged that I am worried
about being fired because I
am "attacking government
ministers in violation of the
public service rules."
I did not have a worrisome


"Much of the blame for the

PLP's loss rests squarely on
Mitchell and Shane Gibson,
specifically for their
unconscionable behaviour
in the weeks and months
bkfiv.rgm 6p-, r -r1 a lnl il n "
~'.U.UJ A~v~I~P "


S ic JLU^J rJ; uc;JL IJJRL
since The Tribune pub-
lished a story referring
to this letter, we have been
notified by very reliable must immediately be under-
sources that the directive taken by this new government.
came down from the Depart- Victimisation of any kind
ment of Public Personnel (in is disgraceful and inexcusable,
the former Ministry of the and anyone of that school of
Public Service) to the Ministry thought should be relegated
of Education in November, to the political and social
2006. abyss.
Due to unforeseen circum- What justification is there
stances and extraordinary for people such as teachers to
forces, delivery of this letter be deprived of their right to
to me was stalled. free speech, just because they
With this in mind, coupled work in the public service?
with the scurrilous remarks of On at least four occasions, a
Fred Mitchell's former web- nasty and puerile website with
site, I have good reason to Fred Mitchell associations
believe that this matter was claimed that. I violated rules,
instigated during Mr Mitchel- that disciplinary action should
l's time at the helm of the pub- be taken against me and, even
lic service, more, suggested that I should
The letter reflects the back- be dismissed.
ward, underhanded thinking What's more, this site has
and operation of some PLP also levelled outrageous and
members. libellous attacks on me, The
It quoted general orders, Tribune and several other
which essentially seek to for- journalists/columnists.
bid independent thought and. On various dates -- June
open expression and create a 2it. August 13, 2006,
civil service of nearly 25,000-'-Deoember -17, 2006, and
*1


or frightened bone in my body
about any firings then and I
do not now, so the website's
writers should get their vivid
imaginations in check.
The website went on to say
that I am "trying to get into
law school and looking for
help from the government to
accomplish that."
While it is true that I am
leaving to attend law schoA, I
have never approached any-
one in any government about
any assistance.
The claims of the imagina-
tive mind/s behind the web-
site are all lies!
Last year, Fred Mitchell
ignited a hailstorm of contro-
versy after he took on the
media and seemingly attempt-
ed to muzzle free speech. Dur-
ing his time as a government
minister, Mr Mitchell was seen
as a peripatetic political jack-
in-the-box with what appears
to be a serious inferiority com-
plex.


I have come to see Mr
Mitchell as a rather pathetic
figure, who has been discred-
ited politically over the last
decade and who should not
be paid any regard in the
future.
It appears that after the
PLP's defeat, all he is left with
are his keyboard and his com-
plexes!
Mr Mitchell barely held on
to his seat (Fox Hill) and
might well have lost had there
not been about 100 spoilt bal-
lots spouting profanities
against him which had to be.
tossed out.

t seems the voters were
so overwrought with
anger against him that they
couldn't resist adding a com-
ment to complement their X.
In a moral sense, Mitchell lost,
as his majority fell from 1,600
(in 2002) to 65, despite a cam-
paign in which he declared his
intention to go as low as was
necessary.
Hardly a vote of confi-
dence in someone who once
had starry-eyed, and wholly
unrealistic, ambitions of
becoming prime minister.
As a senior commentator
said a few weeks ago, Fred
Mitchell is not only unfit to
lead a country, he wouldn't
even be a sound bet to lead a
junkanoo parade.
Much of the blame for the
PLP's loss rests squarely on
Mitchell and Shane Gibson,
specifically for their uncon-
scionable behaviour in the
weeks and months before the
general election.
While Gibson and Mitchell
held on to their seats, other
former PLP MPs fell like
ninepins. .
Many PLPs have confessed
to me their belief that Mr
Mitchell's behaviour had dear-
ly cost their party.
This will likely be my swan-
song on Mitchell, a busted
flush who is no longer of any
significance to the Bahamas'
political process.


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I







FRIDAY, JUNE 8, 2007, PAGE 9


THE TRIBUNE


NASAULF


i.,.


Your look at what's going on in your community





Benefit held to




raise funds for




cystic fibrosis


* PARTICIPANTS in the 'Mike Schmidt Winner's Circle Invitational' fishing tournament gather
for a cocktail party at the Straw Bar at Old Bahama Bay. Ginn sur Mer was a Gold Sponsor of the
event which raises funds for cystic fibrosis research.


OLD Bahama Bay at Ginn
sur Mer was the host for the
recent "Mike Schmidt Winner's
Circle Invitational," fishing
tournament benefiting the Cys-
tic Fibrosis Foundation. More
than 150 anglers and their
guests gathered at Old Bahama
Bay's Blue Flag marina for the
event.
Ginn sur Mer was the event's
Gold Sponsor.
On hand for the tournament
was former Philadelphia Philly's
player and Baseball Hall of
Famer, Mike Schmidt. When
the son of a friend passed away
due to cystic fibrosis, Schmidt
established the tournament to


raise funds for research toward
a cure.
The Foundation aims to raise
one million dollars towards cys-
tic fibrosis research and is near-
ing this goal after successfully
raising over $900,000 over the
past six years.
"Ginn Resorts puts a premi-
um on giving back to the com-
munity. We are so pleased that
we could sponsor this event and
help those who are battling cys-
tic fibrosis," said Ginn sur Mer
marketing director, Sabrina
Barry.
Marie Cook, acting executive
director and spokesperson for
the Cystic Fibrosis Foundation,


was thrilled at the reception in
West End.
According to Cook, this is the
seventh year the event has been
held in the Bahamas.
"We initially visited Walkers
Cay, moved to Freeport,
Lucaya, after the hurricanes and
now West End. Being here at
Old Bahama Bay at Ginn sur
Mer has restored the intimacy
and personal nature of the
event, bringing back the feel-
ing of camaraderie amongst the
anglers," she explained. "We
are so grateful for the support
of Old Bahama Bay at Ginn sur
Mer."
A non-profit, donor-spon-


scored organisation, the mission
of the Cystic Fibrosis Founda-
tion is to assure the develop-
ment of the means to cure and
control cystic fibrosis and to
improve the quality of life for
those with the disease.
Ginn Resorts is currently
developing Ginn sur Mer, a
2,000- acre resort community
adjacent to Old Bahama Bay
that will contain more than
4,400 condominium and hotel
units, nearly 2,000 single family
residential home sites, signature
golf courses designed by Jack
Nicklaus and Arnold Palmer,
clubhouses, two large marinas, a
private airport, a Monte Carlo
style casino, water and swim


Sandals promotes team members


SANDALS Resort
announced the promotions of
three young, talented team
members. Dive Instructor, San-
tiba Delva has been promoted
to Watersports Supervisor;
Nicole Wildgoose, Assistant
Food & Beverage Manager has
been promoted to Concierge
Manager and Beverage Man-
ager, Elwood Tynes has been
promoted to Assistant Food &
Beverage Manager.
General Manager Stephen
Ziadie said he was happy to
promote from within, describing
all three recipients as deserving
individuals.
"They are equipped with
skills that are unique to them
and the duties they perform.
They have done exceptionally
well moving up the ranks with-
in the company and I am confi-
dent that given their new
responsibilities they will excel
even further."
In October 1996, Elwood
Tynes joined Sandals Royal
Bahamian as a bartender.
Along the way he took advan-
tage of training opportunities
and in the process nabbed sev-
eral promotions, the former
being Beverage Manager. In
December 2006 he was named
Manager of the Year. At thir-
ty seven. Tynes says he will
continue to embrace all and
every opportunity he is pre-
sented with. "I will not limit
myself to one accomplish-
ment. There are a lot more
things I wish to achieve and I
feel that the sky is the limit
for me."
Concierge Manager, Nicole


* PICTURED are (1-r) Santiba Delva, watersports supervisor;
Nicole Wildgoose, concierge manger and Elwood Tynes, assis-
tant food and beverage manager.


Wildgoose who Mr Ziadie
described as energetic and
always enthusiastic about her
duties says she not only plans
to introduce new ideas but
always to work closely with her
team members to ensure that
they are aware that they are just
as important as the work they
do.
"We have some great per-
sons and as a team we share
the same passion and goal -
giving our guests the best per-
sonalised experience." Ms
Wildgoose joined Royal
Bahamian in 2002 as Environ-
mental Coordinator and was
promoted to Assistant Food


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& Beverage Manager in May
2004.
In 1996 Santiba Delva joined
Sandals as a Watersports Atten-
dant. In 1997 he was promoted
to Dive Master and the follow-
ing year he earned a Divers
Alert Network (DAN) First
Aid Instructor certification
which allowed him to train
divers to administrate one hun-


dred percent oxygen.
In 1999 he was again pro-
moted to Open Water Scuba
Instructor. He earned a Scuba
Instructor Certification and
Emergency First Responder in
2003.
In 2004 he received his Cylin-
der Inspection Instructor certi-
fication.
Mr Delva says the challenge
ahead is one he is looking for-
ward to. "It is a chance for me
to broaden my mind and lead-
ership skills in an effort to make
the Watersports Department
better and at the same time
train other team members to
also move up within the depart-
ment."
While Tynes, Wildgoose and
Delva all joined Sandals in dif-
ferent capacities, they have all
benefitted from the numerous
training initiatives. They admit
that they have been able to
hone their skills and view their
promotions as a steeping stone
to even more challenging
responsibilities ahead. "I did-
n't have a hospitality back-
ground prior to joining Sandals,
but this is a field that is conta-
gious. You either love it or you
don't and being able to make a
difference to everyone I come
into contact with is very
rewarding," insists Ms Wild-
goose.


1 DAY ONLY!!!
mwl 0#


pavilions, a beach club and a
spa.
The $4.9 billion Sur Mer


development will serve as Ginn
Resorts' flagship Caribbean
development.


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. 0


';''







THE TRIBUNE


AP GE 10 FRIDAY JUNE 8 2007


,II ,_ _ _ _ _ _


Bribe probe: officer


is to be suspended
FROM page one

ed to be put forward.
"These kinds of people should not be wearing a uniform
and by no means should we have them in the middle of our
ranks," one source said.
The sergeant in question is expected to be called before
Police Commissioner Paul Farquharson on Monday to be
reprimanded and suspended.
This case again highlights the need for the judiciary to be
truly free and independent of manipulation.
Sources have complained of matters such as this for some
time. Recently the lack of attention paid to the judicial
salary review by the former PLP government was high-
lighted as a direct cause of the perception of a non-inde-
pendent judiciary.
Matters where judges or magistrates could be bribed
because of their low or inadequate salaries is one of the
major threats to the Bahamas' judicial system, as numerous
sources have alleged.



aand '%6ma4m S


FREEPORT
11-A East Coral Road, P.O. Box F-42312
Freeport, Grand Bahama, Bahamas
Tel: (242) 373-1471 Fax: (242) 373-3005
Page 340-8043


NASSAU
Robinson and Soldier Roads, Nassau, N.P, Bahamas
P.O. Box CB-12072
Telephone: (242) 394-8043 / (242)394-8047
Pagers: 340-8043/340-4424/ 340-8034* Fax: (242) 340-8034


W. O. Terry
Bain, 34


formerly of Sandy Point,
-- fAbaco, will bhheld on
Saturday, June 9 2007 at
2:00 p. m. at Mt. Zion Baptist
Church, Sandy Point, Abaco.
Officiating will be Rev.
Napoleon Roberts.
Interment will follow in the
Sandy Point Public Cemetery, Sandy Point, Abaco.
She is survived by her Brothers: Anthony Sr., Maurice,
Wayde, Samuel, Aaron, and Jessie Bain, Sister: Ruthmae,
Sisters-in-law: Edith, Mizpah, Shenique, Kephee, and Penny
Bain, Nieces: Shanika, Antonja, Antonique, Angel, Tamara,
Mia, Tamika, Saminique, Sammone Bain, Chancey Adderley,
Akeeron, Akeelia, and Ajeh, Nephews: Anthony Jr., Maurice
Jr., Marco, Rashad, Sammeo, Aaron Jr., Carlis, and Justin,
Aunts: Minvella Lightbourne, Remilda Bain of Miami, Fl.,
Rachael Garcia, Louise Hamilton, Patricia Roberts, Lorraine
Burrows, Michele Lightboume, and Evenlyn Bain, Uncles:
Mervin Roberts, Peter Burrows, Arthur and Junior Lightboume,
Grand Aunts: Janette Fox and Milicent Martin, Grand
Uncles: Revie, Charles, and u EaxCousi eri,,
Donald, Jenny, Wellington, Freeman, 4cia, Leonard, erna
Baker, Orlene, Jimmy, Alperna, Solomon, Ross, Fletcher,
Walter, Jane, Leon, Michael, Julia, Cora, Kelly, Aniska,
Merilyn, Keith, Karen, Bonnie, David, Raquel, George, Diane,
Tashon, Mickey, Anita, Natasha, Linda, Patricia, Loretta,
Paulette, Lamanda Burrows, Arthur Jr., Akeva, and Arshelle,
Michael, Greg, Nadine, Ray, Timothy, Charles, Zelma,
Caroline, Judy, Johnny, Jimmy, Richard, Niki, Brandon, Randy,
Sammy, Onie, Shirley, Sandra, Anthony, Patrick, Michael,
Randy, Jeff, Stan, Kevin, Ezra, Lloyd, Marge, Bulah, and
Beryl Bain, Special Friends and Relatives: Rodney Hanna,
Patricia Farrington, Wendy Mott, Merelda Barr, Sgt. Monique
Greenslade, Joshua Barry, Kneshia and Keno Pinder, Jayette
Burrows, Eliza Pinder, and Peggy Adderley, other Relatives
and Friends including: many loving cousins too numerous
to mention, Members of Mt. Zion Baptist Church, Rev.
Napoleon Roberts and the Roberts Family, George Williams,
C. W. Hanna, Ernest Dean, Walter Lightbourne, and Betty
Bain and their Families, the Staff of Her Majesty's Prison, E
& E Food Store, and the Staff of the Princess Margaret Hospital.
Viewing will be held in the "Serenity" Suite at Restview
Memorial Mortuary & Crematorium Ltd., Robinson and
Soldier Roads on Thursday from 10:00 a. m. until 6:00 p.
m. and then again at the church in Sandy Point, Abaco on
Friday from 1:00 p. m. until service time on Saturday.


Police suspect PLP fire could have

been caused by electrical fault


FROM page one

exact area where the fire had
previously started. They pro-
ceeded to extinguish the same,"
said Supt Jeffery Deleveaux,
director of fire services.
Minor fire damage appeared
to have been done, according
to Supt. Deleveaux, however he
added that police and fire ser-
vice officials were anticipated
on the scene shortly to check
for any further "hidden fires"
in the building's interior.
The scene looked dramatic,
however, as fire services had
been forced to knock through
concrete to get to the source of
the fire in the roof over the
entrance, in the process leaving
the lettering of the sign wh' h
had formerly read "Sir Lynden
Pindling Centre" hanging from
the partly demolished remnants
of the frontispiece.
Explaining the circumstances
leading up to the fire, Supt.
Deleveaux said: "According to
the information we received,
the power was turned on for
about two hours yesterday -
the fire could've been as a result
from there with slow burning
or it could have been someone
inadvertently turned the fire oh
and it reignited."
Despite declarations that the
investigation into both this and
Saturday's incident were not
over, the officer said foul play
was not suspected in this latest
episode.
According to reports, the
minor blaze was first detected
by someone working at the


headquarters. While the indi-
vidual did not notice anything
upon arrival, at some point
between 9am and 9.30am signs
of smoke became visible, mak-
ing it appear likely that the fire
may have started after their
arrival.
Although Supt Deleveaux
suggested that the electricity
supply may have been turned
on during this period of time,
the individual was later heard
denying that this had been the
case.
The fire broke out on the
same day as a second arson
investigator from Broward
County Sheriff's Department
arrived in New Providence to
assist Bahamian detectives.
Both investigators were on the
s( 2ne that morning, apparently
assessing the damage.
Fox Hill MP Fred Mitchell
also arrived at the headquarters
briefly, passing through the yel-
low "crime scene" tape to
inspect the damage, before
speaking for several minutes
with police and the Florida
investigators. He then left,
declining to offer comment on
the matter.
According to Supt Dele-
veaux, a decision has been
made to ensure the electrical
supply to the "very old" build-
ing remains switched off until
an electrician can be brought in
to ensure it can safely be re-
electrified.
A press conference with the
Broward County Sheriff's
Department authorities is
scheduled for today.


Symonette: relations with

US better under the FNM

FROM page one

Assembly, Mr Symonette told the media that it is fair
to say that.the two countries are on better terms now
with the FNM installed as the government of the
Bahamas.
He added that the current Charg6 d'Affaires at the
US Embassy, Dr Brent Hardt, is not only a profes-
sional colleague, but also a close family friend and
neighbour.
Prime Minister Hubert Ingraham in a press confer-
a,,, ence,last year emphasised that thej.,hamas' most
important relationship is the one with the US.
Mr Symonette yesterday also took the opportunity
to announce that he will be part of the delegation,
headed by the prime minister, to a meeting of CARI-
COM Foreign Affairs Ministers in Washington, DC,
from June 19-21.
On Capitol Hill, Mr Symonette said, he anticipates
meeting with US President George W Bush and Sec-
retary of State Dr Condoleezza Rice.
Among the topics expected to be on the agenda
are the questions of trade and security in the region, as
well as the issue of Haiti.
Mr Symonette said there will be a lot of focus on the
security aspect, which includes the issues of drug-traf-
ficking and terrorism in the Caribbean.
These talks come at a time when four Caribbean
men are charged with trying to blow up New York's
JFK airport and are suspected oF having ties to an
extremist Islamic group.
A further topic expected to be discussed is the tight-
ening of regulations for the financial services sector, Mr
Symonette said.
He explained that the meeting is primarily being
called by the US with the aim of fostering relations
with the Caribbean region and to determine how
there can be more interaction between the various
nations.


LOGA4NEWW


-FI p.


.M vn ~*
;" : ^


4.f,


* THE scene outside of the PLP headquarters yesterday.
(Photo: Tim Clarke/Tribune staff)


No move yet towards

possible downgrading


F]
that t
ing a
Emb
2007/
He
there
treat
Baha
mati
Cuba
Mr
has n
sador
and
La
Hube
lead
sharp
upgr
sula
Emb
He
woul
FNMI
"T
ship
coun
the o
of Ai
tain
Cuba
tries
worlI
put a


of embassy in Cuba
ROM page one cozy up with and be friends
with Cuba," he said at the
here was no change in fund- time.
allocated to the Bahamas Former Foreign Affairs Min-
assy in Cuba within the sister Fred Mitchell led a dele-
/08 budget. gation to the official opening
also emphasised that of the Bahamas Embassy in
will be no change in the Havana last summer.
ment of any country the At the opening ceremony,
imas currently has diplo- Mr Mitchell said that an
c relations with, including Embassy in Cuba "has been a
a. long time coming."
Symonette added that he "It is a symbol of the good
met with Cuban Ambas- relations which exists between
r Felix Wilson-Hernandez the two countries and will
assured him of this. serve to build on relations as
st year, Prime Minister we together co-operate for sta-
ert Ingraham, as the then ability and peace throughout
er of the opposition, our region and the world," he
ply criticised the PLP for said.
adding i hc Bah;imas' con- The Bahamas' Ambassador
te office in Cuba to to Cuba, Carlton Wright, at
assy status the time said that an Embassy
indicated that this move in Cuba was something that
d be reversed when the the Bahamian people want
came to power. and have been requesting for a
he most critical relation- long time.
the Bahamas has with a "We have thousands of
try outside its borders is Bahamians who come here as
ne with the United States tourists. We have almost 100
merica. We want to main- Bahamian students here. We
the relationship with have several hundred Bahami-
a, Haiti and other coun- ans who have been the benefi-
in the Caribbean and the ciaries of the Miracle Plan, the
d, but we're not going to eye operations," Mr Wright
it risk our relationship to said.


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.. FRIDAY, JUNE 8, 2007, PAGE 11


THE TRIBUNE


LOCAL NEWS


Governor General's


Youth Awards given


SOME 289 Bahamians were
awarded during this year's Gov-
ernor-General's Youth Award
(GGYA) programme.
They were presented with
bronze and silver awards in cer-
emonies held in New Provi-
dence, Grand Bahama and
Andros.
The GGYA is an interna-
tional self-development pro-
gramme designed to equip
young people with life skills to
help them make a difference to
themselves and their communi-
ties.
To date over five million peo-
ple from over 100 countries
have been motivated to take
part in the programme's chal-
lenges.
In the Bahamas 44 units par-
ticipated in the youth pro-
gramme.
Participants receiving their
awards in Nassau were from the
following schools: C V Bethel
High School, C I Gibson High
School, St Anne's High School,
Queen's College. Kingsway
Academy, St Augustine's Col-
lege, St John's High School,
Doris Johnson High School,
Police Cadets, Nassau Christ-
ian Academy, Mt Carmel
Preparatory and 23rd Company
Boys Brigade.
In Grand Bahama: Catholic
High, Bishop Michael Eldon
High School, Jack Hayward
High School, Lucayan Interna-
tional School, St George's High
School, St Paul's Methodist Col-
lege and Sunland Baptist Acad-
emy.
Andros recipients were stu-
dents from North Andros High
School and Central Andros
High School.
To achieve their respective
awards the following minimum
requirements had to be made
for the bronze award:
Three months carrying out
a worthwhile service
Studying a skill
Participating in physical
recreation activity
Carrying out a two-day,
one-night adventurous journey,
trekking 15 miles or more.
Participants also had to com-


* GRAND Bahama Bronze and Silver recipients pictured
(centre) with Sandra Edgecombe, district superintendent,
Ministry of Education.


plete an extra three months in
either the service, skill or phys-
ical recreation sections.
After completing the bronze
level, some moved onto the sil-
ver, completing the same activ-


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THE TRIBUNE


PAGE 12, FRIDAY, JUNE 8, 2007


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* ~7'~?~,,P~i'


FRIDAY, JUNE 8, 2007


SECTION


'-jk.

adi INESSi


business@tribunemiedia.net


Miami Herald Business, Stocks, Analysis, Wall Street


FAMILY
GUARDIAN
Insurance & Investments
to Build a Better Life
Telephone 242-393-1023


Flag carrier


expected to


lose $16m


in its '07-'08


financial year


FOCOL Holdings






mulls stock split



BISX-listed petroleum supplier eyes three-to-one ratio, in bid to stimulate

trading activity in stock likely perceived as being too costly


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
Bahamasair
is expected to
lose $16 mil-
lion in its '
2007-2008
financial year,
a $2 million
decrease from
the $18 mil- I J
lion loss pro-
jected for the financial year
ending on June 30, 2007, an
improvement that is "not
enough to decrease the drain
on the public purse".
Branville McCartney


Loss represents $2m
decrease on projected
one for current financial
year, as FNM pledges to
find strategic partner for
low-flying burden on
Bahamian taxpayers

(shown on left), minister of
state for tourism and avia-
tion, said in his contribution
to the 2007-2008 Budget
debate that in order to con-
tinue to operate its fleet,

SEE page 6


FNM to 'rescue'


Long Islanders


from Stella Maris


airport 'hardship'


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
LARRY Cartwright, the
minister of agriculture and fish-
eries, assured Long Island res-
idents that the FNM govern-
ment will "rescue them" from
the hardship they are endur-
ing as a result of the contin-
ued closure of the Stella Maris
Airport to commercial flights.
In his Budget contribution
Mr Cartwright told his con-
stituents: "I want to assure the
people of North Long Island
that this trusting government
has already put the wheels in
motion to rescue the perishing


from the hardship they have
undergone over the past sev-
eral months as a result of the
closure of this airport and the
absence of Bahamasair."
Mr Cartwright said that ini-
tially work to repair the air-
port was to be done simulta-
neously with Deadman's Cay,
including repaving, enclosure,
runway lighting and extension
of the apron. The Government
was able to purchase the run-
way and since then, it was
repaved he said.
"To date, almost a year-and-
a-half later, emergency runway
lights only have been.installed

SEE page 12


'Good opportunity'


for company IPOs


* By NEIL HARTNELL
Tribune Business Editor
BAHAMIAN companies
looking to expand and with
sold earnings track records
have "a good opportunity to
come to market" and raise
funds through an initial pub-
lic offering (IPO), capital mar-
kets executives told The Tri-
bune, as the current sellers'
market has left plenty capital
seeking a home.
Michael Anderson, president
of the soon-to-be-renamed
Royal Fidelity Merchant Bank
& Trust, said there was "defi-
nitely an opportunity" for cred-
ible Bahamian companies to
come to the public for capital if
they had expansion plans that
needed funding.
He pointed out that the
Bahamas International Secu-
rities Exchange (BISX) had
become very much a sellers'
market, with "very few secu-
rities available for selling" and
many share prices standing at
or close to all-ime highs.


Sellers market and
capital availability
make going public
viable for credible
Bahamian firms,
say executives

"People just aren't selling
and there's too much money
chasing too few securities," Mr
Anderson said. He added that
price/earnings ratios for most
BISX stocks were "getting to
where they should be".
although many were still
undervalued and had not
recovered to their pre-2000 lev-
els of 15/16 times earnings on
average.
"For Bahamian companies
looking to expand and that
have a good track record over
the last few years, there's lots
of money available to fund


SEE page 7


* By NEIL HARTNELL
Tribune Business Editor
FOCOL Holdings,
the BISX-listed
petroleum prod-
ucts supplier, is
"actively consider-
ing" a three-for-one stock split
to reduce the price of its shares
and stimulate trading activity
and volumes, The Tribune can
reveal.
Sources familiar with the sit-
uation yesterday said
FOCOL's Board and manage-
ment had the proposed stock
split "under very active con-
sideration", and the initiative
"was very much on the front
burner".
It was initially unclear
whether FOCOL was consid-
ering a three-for-one or two-
for-one stock split, but The Tri-
bune was told yesterday that
the company was leaning
towards the former.
This would involve issuing
an extra two FOCOL shares
for every share held by current
shareholders. If the company
went ahead with this proposed
split ratio, it would increase
the number of its outstanding
and issued shares from
8,607,617 at April 27, 2007, to
25,822,851.
Stock splits are nothing new
in the corporate world, and
have also happened in the con-
text of the Bahamian capital
markets, with both Finance
Corporation of the Bahamas
(FINCO) and Commonwealth
Bank having performed such
operations twice each.


Stock splits such as the one
FOCOL is contemplating are
often carried out when a com-
pany's shareholders and poten-
tial new investors are reluctant
to trade and buy its shares,
because they believe the stock
is either overvalued or has hit
its peak valuation, or because
they believe the stock costs too
much.
Effectively, investors believe
the stock has become too
expensive to purchase and
trade, so by splitting the stock
on a three-for-one existing
share ratio, FOCOL will dra-
matically increase the supply
of issued shares.
This increased availability in
turn will have the effect of
decreasing the price the stock
is trading at, lowering the cost
of purchasing shares and thus
stimulating trading activity and
volume.
Yet. a stock split will not
dilute the value of an investor's
existing holdings in FOCOL.
For example, if a shareholder
currently has 300 shares in the
company, priced at $17.30 on
BISX, the value of their cur-
rent holding is $5,190.
Once the three-for-one split
happens, they will now hold
900 shares priced at $5.77 each,
which again have a total val-
ue of $5,190.
"Shareholders profit if the
price goes back up," one ana-
lyst said yesterday. "There's
likely to be more upside
between $6 to $12, than from
$17 to $21."
FOCOL's stock closed at
$17.30 on BISX on Wednes-


day, June 6, the highest-priced
stock on the exchange. That
price represents its 52-week or
yearly high, and is 64.8 per cent
above its 52-week low of $10.5.
This price is likely to be per-
ceived as prohibitive and too
expensive to encourage an
appropriate level of trading
activity in FOCOL's stock. In
the context of the Bahamian
capital markets, a $5.77 per
share price resulting from a
three-for-one split is likely to
be perceived as an attractive
entry point for new investors,
and for encouraging existing
investors to buy and sell.
However, one source said
they believed FOCOL's shares
were undervalued at $17.30 per
share, feeling it was really
worth a $23 per share stock
because there was still much
potential upside in the firm's
newly-acquired Shell Bahamas
business.
"My understanding is that
it's not a done deal," the
source said of the proposed
FOCOL stock split. Such a
move would have to be
approved by a FOCOL Board
resolution.
FOCOL has been consider-
ing a stock split for some time,
but it has only now moved to
the top of the company's agen-
da following the share price's
rapid appreciation on BISX.
Notes from the company's
2006 annual general meeting
show that investors raised the
issue of a two-for-one stock
split then, with FOCOL's
directors advising that they
"might look at splitting shares


later" and that "many share-
holders want to purchase more
shares".
Anthony Robinson, FOCOL
Holdings managing director,
told The Tribune "no com-
ment" when contacted about
the proposed share split.
He explained: "I can't com-
ment on it because I would be
in breach of BISX rules."
Franklyn Wilson, the Bahami-
an businessman who is a major
shareholder in FOCOL Hold-
ings, also declined to comment.
Mr Wilson holds an 11.9 per
cent stake in FOCOL Hold-
ings himself, and speaks for
34.5 per cent of the company's
issued stock due to Sunshine
Holdings holding a further 22.6
per cent stake.
The other major investor is
Sir Albert Miller, who holds a
21.8 per cent stake.
FOCOL's business has
grown rapidly over the past 18
months, the company having
completed the $53.96 million
purchase of Shell Bahamas
business on January 16, 2006,
changing the business's name
to Sun Oil Ltd.
Then, on August 14, 2006,
FOCOL signed a deal to
acquire GAL Terminals, own-
ers and operators of the Texa-
co-branded Eight Mile Rock
and Lewis Yard Service Sta-
tions, for $5.25 million.
The BISX-listed company
then further strengthened its
grip on the Grand Bahama
wholesale and retail petrole-
um market a day later by
acquiring Texaco's assets on
that island for $1.25 million.


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9 -


IC


- I I I I I ~







THE TRIBUNE


PAGE 2B FRIDAY. JUNE 8, 2007


E-business planning that does not fail


T he old adage "if you
fail to plan, you will
plan to fail", is equally
relevant to an eBusiness. Make
sure you review my previous
columns relating to bricks and
mortar businesses, called Failing


To Plan, to familiarise yourself
with all the things that need
planning. Your eBusiness plan
will look very similar to a bricks
and mortar business plan,
except that you will need to also
consider some additional areas


that are more pertinent to an
online business.
The first thing you need to
do is to Plan Your Objectives.
You need to set targets for your
eBusiness. What do you want
to achieve? If you don't know


what you want, then anything
is fair game. Make sure you set
SMART targets that are specif-
ic, measurable, achievable, real-
istic and time based.
Ask yourself the following
questions? Is it to bring in new


ha. grown


aYomuret In









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GET THRiL. T .TE-.,


B1 MarPlIme


^^^^^^*^_H^_^|^Bg]^XB|^HIBBUSINESSHH


business? Is it to launch your
business to a wider market? Is it
to bring efficiencies and reduce
the cost of each sale made? Is it
to gain a percentage increase in
sales? Once you get clarity on
this, the rest will be easy.
The second thing you need
to do is to Plan the Type of
eBusiness you want to create.
There are three types of eBusi-
nesses, starting from very basic
to very complicated, and yours
could be a mixture of all three.
The type of eBusiness you
choose will depend on how you
propose to deliver the product
to your customers, how you
propose to collect payments,
and how you propose to main-
tain security. They are as fol-
lows:
Your first option is to create
a Basic Online Business. This
is where you have a catalogue
(details and pictures of your
products), your contact details,
and your privacy policy. You
will need a computer, Internet
access, a website, e-mail, a host-
ing service, basic security such
as a firewall, and an offline
order form so that you can
process payments offline.
Option two is to create a
More Sophisticated eBusiness.
This is a more complicated busi-
ness, where you add e-com-
merce and payment functional-
ity, shopping carts, encryption
for secure ordering, some back-
end integration to your accounts
packages, capture e-mails and
names, and create a database
of your customer's details.
Option three is to create a
Rich Interactive Experience.
This is where you add a heavy-
weight database, auto respon-
ders and an affiliate programme
to monetise traffic from other
sites. The choice is yours.
The third thing you need to
do is to Select Your Market.
There are many products and
many areas. Selecting your
niche and your market will be
important to your success. Read
my previous column on Select-
ing Your Market for bricks and

SEE page 8 .,














BUSINESS


he iami era FRIDAY, JUNE 8, 2007


THE MARKETS. ...


INTERNATIONAL EDITION


FINANCE


STL, KS MUTUAL F-UNlDS, 7

.TO 5001,4t. V 10-year Treasury note yield rises above 5%
NASDAO 2,541.38 -45.80 V
10-YRNOTE 5.13 .16 BY MADLEN RAD If the yield reaches 5.25 percent, a five-year high, it manufacturing activity is clawing
0-YR NOTE '5.'"1, AssociatedPressway back from stagnancy.
CRUDE OIL 66.93g +97 NEW YORK Investors' expec- would match the Federal Reserve's current benchmark other Treasury issues turn
A& stations of an interest rate cut and .. Thud,,-,,., nnA-d,, ..t,,hp


Dow
.* ', " /'. ,.
l .
.. -: ~ ,, ,- ,
- :J .,,.


points

BY TIM PARADISE
Associated Press
NEW YORK Wall Street
fell sharply for a third straight
session Thursday after rising
bond yields deflated hopes for
an interest rate cut later in the
year. The Dow Jones industrials
fell nearly 200 points and the
S&P 500 index fell below the
1,500 mark.
The rise in the yield on the
Treasury's ..10,year note
unnerved investors who con-
tend the Fedral gre irl .be.
less incliedt0oc.shdrt-r-h
interest rates.
Stocks also fell as retailers
'-iturned in iniec1es reilte for
MayTh.e..array afresi eco- .
nonmic news, whic'ws soae .s '
cases positive; didii', halt ihe
selling.
The Dow fell 198.94, or 148
percent, to 13,266.73, bringing its
three-day loss to about 410
points. It was the biggest three-
session decline since stock mar-
-i:P"'kets began a hQrt-liv ,
ack on Feb. JA iA
'the blue, chip average lost-
-ground THutsdayS ';'.: '. :.
Broader stock indicators also
Sfell.The Standaid & Poor's 500
index fell 26d66 ;L76-er.ent..


-ancs, zneainesomenmaunEs.-euns .
$7.30, or 32 percent to'$220.0" i
while Merrill Lynch & Co. slid
$3.07, or 3.4 percent, to $87.26.
The dollar was mixed against
other major currencies, while
gold prices fell sharply. Light,
sweet crude rose 97 cents to
$66.93 per barrel on the New
York Mercantile Exchange.
Thursday brought new eco-
nomic data that did little to
deter stocks' downward slide.
The Commerce Department
said inventories among U.S.
wholesalers rose 0.03 percent in
April to a seasonally adjusted
$394.54 billion after increasing a
revised 0.4 percent in March.
But interest rates held inves-
tors' attention Thursday after
two sessions in which unease
over inflation helped push
stocks lower. Investors are con-
cerned the Fed could raise
interest rates to combat infla-
tion.
Some observers saw the con-
cerns about interest rates as
overblown.
"Historically, we're at lows,"
said Michael Church, portfolio
manager at Church Capital
Management, referring to inter-
est rates. "I don't think 5 per-
cent is some sort of hard and
fast nuniber where this market
turns. I don't think 5 percent is
going to compel people.to take
money out of equtiWes."
The Russell 2000 index of
smaller companies fell 1%.89, or
L89 percenii to 8253.. -,' .
;, Declining, issues outium-:- '
bered advancers by about 10 to 1
on the New York -Stock
Exchange, where consolidated
volume came'to a ieavy 3.56 bil-
lion shares compared with 2.92
billion traded Wednesday.
In overseas trading, China's
benchmark Shanghai Compos-
ite Index rose 3 percent, while
'Japan's, Nike',stock average'-
rose 0.07,,pebeit. Britain's.
ME fIE100oo e4 0wn.27 per-.
cent, Germany's tihX index fell
-.1.44. percent,' A -ance's
CAC-40 fell L46 ":.


home buyers' hopes for cheaper
mortgages seem to be disappear-
ing.
The yield on the Treasury's 10-
year note passed 5 percent Thursday,
rising as high as 5.10 percent in early
afternoon trading in New York, its
highest point since mid-July. Some
market watchers say the yield is
likely to climb higher as bond prices
weaken, making it even harder for
consumers to finance home pur-
chases and for companies to borrow
money.
If the yield reaches 5.25 percent, a
five-year high, it would match the
Federal Reserve's current benchmark
interest rate signaling that the
market is,. in a sense, beating the cen-
tral bank to the punch in hiking rates


Interest rate signaling that mortgage rates are ris
ing.


to curbing inflation.
The Fed has kept rates on hold
since last summer, after about two
years of gradual increases.
Average consumers may be asking
themselves why rates are going up
now, but some market watchers are
asking themselves why they went
down in the first place and are brac-
ing for the rise to continue. The Fed
has repeated consistently that its pri-
mary goal is to lower inflation, and
because inflation has shown few
signs of abating, central bankers feel
hard-pressed to drop rates.
"It was a bias toward tightening,
but the market didn't reflect that,"
said Strong Capital Management


economist Jay Mueller.
Mortgage rates are rising because
they're tied to the 10-year yield.
Although fixed mortgage rates
remain below their levels from a year
ago, they have been advancing
recently along with Treasury yields,
adding to worries about sluggish
home sales and faltering home prices.
It's too soon to say if the trend will
continue, but investors who had high
hopes for a Fed rate cut this year are
now pricing in their reduced expecta-
tions. Economic data has been too
strong to warrant lower rates any-
time soon; despite the tepid housing
market, the job market has remained
stable, wages keep ticking up and


alltu Oay, LUtoo, arivin .tJLC LWoU
year note's yield to 5.00 percent and
the 30-year bond's yield to 5.18 per-
cent in early afternoon trading.
The United States isn't alone in
rising yields. Bond yields in the Euro-
zone, Great Britain, Japan, and other
economies have advanced as central
banks around the world gradually
hike interest rates to limit inflation -
which appears to be accelerating now
as it catches up to the strong global
growth over the .past few years.
On Thursday, New Zealand's cen-
tral bank surprised markets by rais-
ing its key interest rate to a record
high 8 percent from 7.75 percent, a
day after the European Central Bank
raised its key rate to the highest level
in nearly six years and left open the
possibility of more increases.


CONSUMER SPENDING



Retailers post modest gains in May


BY ANNE D'INNOCENZIO
Associated Press
NEW YORK Americans
shopped hesitantly in May, giving
retailers some relief from a dismal
showing in April but still raising
questions about how strong con-
sumer spending will be in the
months ahead.
As the nation's merchants
reported results Thursday, it was
clear that higher gas prices and the
slumping housing market are affect-
ing how consumers spend. Sales
were disappointing in a cross-sec-
tion of the industry, including
Wal-Mart Stores, Macy's and Aber-
crombie & Fitch.
"This should have been a stronger
performance because there should
have been some pent-up demand.
The weather was even nice," said
John Morris, managing director at
Wachovia Securities. "To me, this
was a real litmus test, and retailers
failed that litmus test. It's telling me
where the consumer stands and the
consumer is on weak legs."
The ICSC-UBS sales tally of 51
stores rose 2.5 percent in May, down
from 4.5 percent a year earlier but a
sharp improvement from April's
revised L9 percent drop. The tally is
based on same-store sales, which
reflect business at stores open at
least a year and are considered a key
indicator of a retailer's health.
"It's a slowing trend that we have
been seeing since February," said
Michael P. Niemira, chief economist
at the International Council of Shop-
ping Centers. From February
through May, the index averaged a
2.2 percent same-store sales gain,
compared to the 4.1 percent average
in the same year-ago period.
MONITORING SALES
Analysts are now closely moni-
toring sales in June, the second most
important month on the retail calen-
dar behind December. But many
think the modest spending pace will
continue through the fall season.
And with no hot apparel trends
emerging, Morris believes consum-
ers have few reasons to buy. He said
sluggish demand could result in dis-


counting increasing by 10 percent
later this month from the current 5
percent at the 20 mall-based apparel
stores he follows, compared to the
year-ago period.
May's mixed performance follows
the retail industry's worst perfor-
mance ever in April. While one-time
factors like an early Easter and rainy
weather hurt April sales, business
was so bad that it fed worries that
higher gas prices and a weaker hous-
ing market are eating away at con-
sumer spending.
WARMER WEATHER
May's results benefited from
warmer weather and the Memorial
Day shopping weekend, which was
not included in the year-ago results.
But consumers also faced rising gas-
oline prices that topped $3.20 a gal-
lon before leveling off.
For now, however, the cutbacks
in spending appear to be contained
amid a healthy job market and solid
wage gains. The latest figures on
unemployment benefits released
Thursday by the Labor Department
underscored a solid job market. The
government reported that the num-
ber of Americans filing claims for
jobless benefits totaled 309,000 last
week, down by 1,000 from the previ-
ous week.
Wal-Mart had a 1.1 percent same-
store sales gain, below the 1.4 per-
cent predicted by analysts surveyed
by Thomson Financial. The figure
excluded fuel sales.
The world's largest retailer,
which reported a 3.5 percent drop in
same-store sales in April, its worst
performance on record, continues to
struggle with its apparel and home
businesses. Store executives said
Thursday those categories won't see
big improvements until the fourth
quarter.
Target, whose cheap chic mer-
chandise appeals to a broader shop-
per base beyond the low-income
customer, had a 5.8 percent gain in
same-store sales, slightly below the
5.9 percent estimate.
Costco had a May same-store
sales increase of 7 percent. Analysts
expected 5.6 percent.


MARK LENN1HAN/AP
DISAPPOINTING SALES: The teen sector of retail clothing stores had
disappointing results in May with many reporting a decline in sales.
Above, Anita Anderson shops at a Steve & Barry's clothing store
Thursday in New York.


Among moderate-price depart-
ment stores, J.C. Penney posted a 2
percent decline in same-store sales
in its department store business,
worse than the 0.3 percent gain ana-
lysts expected.


The teen sector disappointed.
Abercrombie & Fitch suffered a 5
percent drop in same-store sales,
worse than the 1.2 percent forecast.
Wet Seal had a 1.9 percent decline in
same-store sales.


EUROPEAN UNION


New rules to cut cost of using cellphones abroad


BY AOIFE WHITE
Associated Press
-LUXEMBOURG Consumers
claimed a victory Thursday as EU
governments agreed to cut the cost of
using mobile phones abroad, paving
the way for a cap on roaming fees to
be introduced later this summer.
EU travelers could first notice a
difference when they slip over a bor-
der in August their phone will
beep, telling them how much a call
home will cost. And when they
return, they could see their phone bill
cut by up to 70 percent compared to
the last time they phoned friends or
family from the beach.
Lawmakers and governments fast-
tracked the new rules in a record 10
months despite heavy lobbying from
telecom companies worried about
losing profits even though lower
rates may also encourage more peo-
ple to call more often.
The prospect of pleasing voters
won over 14 EU nations that had


opposed the law last December. All
27 voted for it on Thursday.
"This is a great day for consumers
and businesses," said EU Telecom
Commissioner Viviane Reding, the
driving force behind the change. She
has accused telecom companies of
ripping off customers by charging
unjustified and extortionate prices.
HURT FUTURE
But the telecom industry reacted
with dismay, saying retail price regu-
lation had no place in a free-market
society. It has warned that lower
roaming revenues could hurt future
investment and force companies to
raise fees in other sectors, such as for
domestic calls.
"We're talking about a precedent.
Regulating retail prices in this way is
not what free market is about," said
David Pringle, spokesman for the
GSM Association of Europe's mobile
phone operators. "It creates uncer-
tainty for investors because they


don't know where the Commission
will strike next. This is going to have
a big, long-term impact."
But Ovum telecom analyst Mat-
thew Howett said companies had
softened the blow by arguing for a
clause that gives customers two
months to opt for the new cap. And
they may eventually gain as more
people feel more free to use their
phones abroad.
"Your holidaymaker is very con-
scious of the fact that it costs money.
Businesses are the main users," he
said.
The EU has hinted that it might
allow operators use of lower-spec-
trum frequencies, cutting their costs
since a mast would cover a larger
area.
"That would go some way to mak-
ing up for the revenues that would be
lost," he said.
The Commission and national reg-
ulators said they would carefully
watch how call providers react to the


changes.
The new rules only cover voice
calls but the Commission warned
that it was also keeping an eye on
roaming fees for text messages or
Internet services like BlackBerry
devices. Vodafone Group PLC has
already announced a flat fee for data
roaming from July 1, although this
only applies within certain condi-
tions.
NEW STRUCTURE
The roaming cap is scheduled to
take effect June 30. Telecom compa-
nies will have one month after that to
offer customers a new pricing struc-
ture with considerably cheaper roam-
ing fees.
Mobile phone users will have
another two months to choose
whether they want to go with the
new plans or stick with their existing
contracts.
After that, they will be put on the
new contract automatically.


ig its
abled


-


- --------------------I


I III_ ,


i


,,=














aiM miHerald com I TH D


FRIDAY JU N E 8. 2UU / IN TER N ATIO N A L LD IU I O._N ._.._._.... .- .... ..... .......... ......


-26.66 -45.80 13 98.94 6-MOT-B.01 30-YR T-BONDS 12 -9.20 EURO -.0074 CRUDE OL +.97




Money&Markets


tZso S 2.0vo ram



0 10AS 2, 10 DAYS i
11,450 ..-... ^-^*- 2,50 ;.

.O ,. ..........Z 2400 ..


us15 :......... ............ ........ ........S.... P 500 2,oo Nasdaq com posite
Close: 1,490.72 Close: 2,541.38
Cha:s -266 (-1.8%) Chanep -4520 (-1.8%)
30oo ......... ... ..... ...... .......2,200oo ... ......... .....
D J F M A M D J F A


StocksRecap

NYSE MASM
Vol. (In mil.) 3.556 2,320
Pvs. Volume 2,915 2.065
Advanced 279 666
Declined 3079 2366
New Highs 26 47
New Lows 101 76


"gNe LR S cho
ABBtd 20.80 -41
ABN Amro 4728 -.731
ACELtd 6030 -A6
AESCplf 2131 -M4
AAC 52.22 -37
ASML Hid 25A, +.1
AT&T Inc 3952 .86
AUOptron 1615 -02
AXA 41.77 -125
Abtiab 53A98 -.76
Aberflt 706 -1.58
Actent ure 3.82 -1.8
AdobeSy 42.72 -.2
AMD 13.66 +.05
Advantsts 423.7 .53
Aegon 9A0 ..44
Aetna 51A0 +.6
Agllent 37.26 -U11
Ahold 12,9 +.69
AFrance 4664 -1.01
AirProd 7T.30 -.4
AkamatT 4223 -147
Altco 7MB -13S
Acan 8247 -35
Alcateluc 13.10 *-39
Alcoa 3:93 -32
Alem l 13435 -1.4M
AigEngy 49.06 -13
AlNegTih 1096 .o3451
Allergen 12028 -130
AIlBemr 819 .31
Aliam 22.13 -.62
Alddsth 565 -51
Allstate 655 -48
Altel 620 ..25
AlteraCplf 22.U4 -47
Altrlas 69.55 -1.26
AlumlMn 258 -.22
AmBevC 6638 4J82
AmnWe 6616 -2.1
Amazon 72.04 -.25
AmbacF 87.5 -.30
AndoP 3747 -1.04
Amenrn 48.34 -17
AMoiIL 59.56 -IS
AMoIA 59.33 -132
AlCapStr 4537 -114
AEP 440 -128
Amp 6.7234 -1O0
ArnintGplf 7138 -.79
AmstanO d 527 -337
AmTower 4125 -.W0
Ameriprise 6343 -26
AmeriBrg 51.00 -033
AnoMn 5U85 -.A5
Amphenol 3478 -.72
Anadarim 4814 .136
AnaopMe M 3557 -102
AngloAm 2A51 ..78
AnglogidA 4053 -134
Anhemr 5233 -.78
AonC01p 4152 -,83
Apache 0li7 -1.79
ApoloGrp 47.23 *.J8
Apple Inc 124R 7 +43
ApidMati 840 *-,8
ArcelorMit" 604 -1,74
ArchDan 33.70 *40
ArcitnSat 6055 -50
Assurant 57.81 -.9I
AstraZet 51.51 -1.10
AustNZ 12245 +.71
AutodeskPf 43w.7 -A8
AutoData 4834 -126
AutOZOWe 131.44 -26
AvalonBay 12254 -44
Avaya l 1639 -2
AveryO 6451 -AS
Avnet 41.25 -.06
Avon 38m6 -56
BASF 116.i5 -348
BBU TCp 41.04 -.69
CE gn 36.99 -.531
BGGrp 75AS -150
BHP BILt 54.76 +.26
BHPBIpic 5115 +.22
BJSvcs 28.M .33
BMC Sft 32.74 -.66
BPPLC 66.18 -34
T Grp 6244 -1.27
Bakr-lu 82.833 -1
BCVArg 2338 *A S -
tcBradess 23.76 -31
lncoltau 42.19 -1.4
BcoSnlCH 1834 *-.
BcSanChlie 49.06 *,41
Bkofm 49.79 -.54
Blreind 128 -.85
BkMotg 64.5 -1.46
BkNY 3847 -30
kNovag 4820 -..8
Barclay 5.84 -144
Bad 83A49 -30
BarrickG 2&817 -37
Baxter 55.75 -12S
BayerAG 5925 -236
BearSt 14440 431
OectDck 74,47 -30
BedBath 37.34 -.54
Berklev 3251 -32
BerkHaA 10700 +645
BerdB 327 +21
BestBuy 4710 -.34
BlogeAldc 6 -1.06
Biomet 4456 +136
Blackdock 149.36 -138
sBockmH 22.6 -.5
-i 96.94 *14S
BostProp 11030 -430
BostonScl 15.7 -.12
BrMtYS 2917 -140
BritATob 65.50 -146


NUm lakt C
AbltiblCns 2.78 -.6
PetroCeada 53.01 .-B
PeaceAlAho 2.70 .
LlonoreMng 27.31 +.02
RevettMntso L20O +.
NexenInc 31.84 .-3
CamecoCorp 550 -.70
Gabrfelleso 4.35 *13


DOW 134802 135982 13266,73 -198,.94 -148% V A
DOW Thns. 5157.54 5034.62 5034.91 -124.07 -2.40% v V
DOWUtUL 5032 486.62 487.46 -16,45 -326% V V
NYSEComp. 9869.02 9720,07 9720.94 -174,07 -1.76% V A
NASAQ 2585.73 254138 254138 -45.80 -1.77% V A
S&P s0o 151736 149037 1490.72 -26,66 -1.76% v V
SAP400 908.55 889.48 B89.48 -19.07 -2.10% v A
Russell 2000 839.50 824.84 82532 -15.89 -189% V A
Wlhire 5000 1534347 15067.57 15070.12 -273.03 -1.37% V A


Ulm Lao ClM
BMtky 50.54 -L43
roadcom 3011 -.68
BridUAsgs 3&47A -29
BrkkskAgs 62.97
Bddlkrs 25.61 -*5
pungett 7378 -138
BudiSF 8747 -2.77
CAIe 25.39 -4O
CeREIIk 36.16 -.51
COT 19871 -41
CSB 3258 -.42
OW Corp 84.9 -09
CIRobis 51.30 -.43
CGNAs 54,72 -02
CIGNA 16&06
CITp 59.25 -.99
CNA F 49,74 -1.11
CNGbl 4624 -2.22
CN00C 10S7 +158
C ftLE 52.57 -1.92
CRH 47.93 -L20
CSXs 43.90 -L16
CVS Care 37.57 +32
CabMsnNY 35.60 -.28
CadtyS 54' 0 -o80
Cadence 2177 -.1
pamueoogs 5131 -106
Camean 68.25 -1.51
caypsp 38.59 *-2
CIBCg 9148 -2.19
CdrtRyg 52.41 -L55
CdnNRsg 6647 -L.96
CPRwyg 68a 1 -2.84
Canons 57.52 -.71
CapOne 79.59 -.02
Car Hi 72.2 -.15
Carnival 48.93 -1.25
CarnUK 501 -1.06
Caronap 7832 +.42
Caterlllar 7731 -137
Cepgene 5724 -343
Cemexs 38.13 .L07
Cenigs 37.83 -1.18
CtsEng 35.18 -.73
Chevon 80uo20 -1.59
ChIlMr 5397 -2.93
CeinaLfes 46.22 -.9
C0 UMble 45.77 -.19
CtkiNet 59.19 -J6
ChaPet 108.41 -LOO
CtAll 56.67 -1.04
ChinaUin 14.39 -.25
Cilbb 539 ..74
ChlmgT 18.36 -.14
CainFl 4431 -L02
Cisco 2515 -.75
Ctlgrp 52.52 -.81
ClearChan' 3830 -.10
CQh a 28.95 -.09
COox 645B -.89
Coach 47.86 -1.26
CocaCE 2A46 -34
CCFrnsa 4L09 +.64
CCHelSt 44.11 -1.53
Co0 CI 5138 -.62
CogT#dl 74.95 -2.02
ColPal 66.21 -.20
-CoiastS 26.18 -.61
Comcsps 26.10 -56
Conerica r .78 -.74
C 33.50 -.A9
CVR 43.15 -1.97
CVRDf 309 -1457
CompsBc 6839 -.96
CeumpSe 5540 -22
ConAgra 25.01 -.38
COnodM 77.26 -1.14
ConsolEngy 45.30 -1.86
ConEd 4639 -U26
ConstellEK 82.91 -3.97
Coopers SL66 -.33
coming 2515 -.52
Costco 5.26 -.56
CwdieFn 38M0 -1.03
CoventryH 58.30 -.37
CedSuiss 7230 -2.36
CrwnCstle 35.84 -,89
Camminss 93.4 -2.05
MIADian 132.53 -196
OR Hrton 2153 *.91
TE 49,33 -2.07
DainliC 80 -1.68
Diaher 71.63 -.67
Danones 14.97 -38
Danone 30.70
Dawden 44.62 1.17
Dassau 55656 -189
Deere 114.19 3.38
DPeltae 9630 -.70
Dell inIt 26.99 -.36
Deutschek 14225 -4.14
DeutTil 18.33 -.37
DevDv 5s45 .-183
DevonE 78.31 -1.26
Mageo 82.76 -2.07
Dia0ffs 9240 -2.06
DrcTV 22.34 -A44
DIsiloA 23.10 -35
Disney 34.26 -.6
0DoM 21.71 +.16
DmRles 81.72 -2.64
oKilRyM 41.68 -J8
Dover 48.95 -.59
DoNwCiin 44.97 -.91
DuPont 5037 -.61
DukeEgy s 1&38 -.70
ETrde 24.18 -1.42
ELONAG 50.54 -2.05
eay 3161 -.56
EMCCp 1643 -.50
ENM 70.04 -22
EOGRes 74.89 -155


Name L t Chg
KrossGo 13.68 -.52
EnCanaCorp 66.20 -20
LuindeMnrg 1230 -.68
Sidtic o .40 +.03
AnatoaJ 5.73 -.20
ManullfeRn 38.38 -43
YammantIdo 13.94 -.68
LegacyHlsUn 13.83 -.07


WidelyHetdStocks
I HNae Last COg Nmem last Cbg
Exodak 26.17 +.20 iTW 5L25 -.46
Eaton 88.17 -235 IC! 40.35 -1.33
EchoStar 4515 -.17 ImpOIgs 45.79 -114
Eoolab 4139 -.16 npTob 85.13 -.98
Edisonint 54.25 2.61 'IndoTel 42.0 -.27
Edwards 8585 -.82 nfineon 15.14 -.20
ElPasoCp 16.67 .-34 nfosyss 47.49 -L12
Elan 1925 -.58 InetRd 50.23 -25
ElectArts 48.45 -1.77 Intel 21.1 -.18
EDS 2822 -40 IntentlEx 146.71 -628
EmbartJ 61.33 -154 IrtCHtlirs 25.68 -.57
EmanEls 47-04 -.93 IBM 10180 -Al
EIChile 46.00 ..91 IntlGame 39.63 -422
Enbridge 3381 -108 IhtPap 3809 -3
EnCana 62.23 -1.52 IntlPower 8.69 -2.8
Endesa 5335 -.61 ntuits 29.08 -.69
Enel 5539 -155 Invesco 23,02 -.57
EngyTEI 4064 ..45 pstag 15730 -.69
EngyTsfr 6054 -1,42 JPMorgCi 4982 -.74
Enerss 1820 -.41 jacobsEs S4.63 .3.35
ENSCO 5911 -2.45 JohnJn 62,00 -.90
Energy 10431 4.47 JohnsnCtl 11009 -2.67
EntPrPt 30.92 -.70 nprNtw* 23.92 -.55
ElRes 50.84 -1.2 KLA Thl 53.09 -LO0
EayRsd 4754 -18 KPN 1642 -.29
EricrnTI 36.69 -120 KT Corp 23.25 -33
EsteeLdr 45.71 .39 Kellogg 5185 -1.04
Evreste 10420 -1,90 Keycorp 35.11 -A0
Exelon 69.92 -2.68 KeySpan 4L70 ..0
Epedla 2352 -.64 KimbClk 6.66 -.75
Expdlntls 4216 -.60 Kimco 43.18 -1.59
ExpScripts 965 -2.44 KinRME 53A0 -1.27
ExxonMbi 81.96 -1.66 Kinross'g 12.84 -.5
FPLiGrp 57.84 -2.09 Kohls 72.22 -233
FannieM It 63.44 -.61 Kookmln 91.40 -2.88
FedExCp 107-40 -1.78 Korea k 21.52 -.51
Fiat 27.02 -21 Kraft 34.62 +.27
FIdNinfo 528 -.49 Kroger 29.52 -.38
FiMhThird 4154 -.24 Kubota 4226 -.60
FirstDatas 3270 .05 Kyocera 99.156 -.7
FTSpcFn n 20.40 +.20 L-3 Comrn 94.31 -1.12
FirstEngy 64,73 .-22 LGPhilips 206 +.31
Fiserv 5645 -92 LSI Corp 830 -.06
Flextrn 10.89 .J6 LabCp 78.10 -.96
Fluor 10031 -401 LafargeSA 41-54 -1.16
FEMSAs 38.40 -86 LamRsdi 5111 -L48
FoerdM &06 -20 LYSands 78.51 -2S
ForestLab 47.09 -1.77 LeggMason 97.08 -1.82
FortuneSr 720 -.45 LehmanBr 73.29 -.93
Foster 9931 -554 LeucNatl s 34.79 -.1
FranceTel 28.27 -.71 Level3 557 -.00
Fra[tRes 127.61 -3.93 LUbGbA 37.23 -AS
FredMac 65.41 -126 Ubeloba 37.23 -.68
FMCG 74.54 -1.60 UblobC 35.01 -A46
FesenM 47.03 .1.02 UbtyMintA 23.79 -36
FuOiflnm 41.86 +.12 LibtMCapA 114.17 -A42
Gannett 57,75 -6A UllyEII 56.93 -136
Gap 1814 -22 Limited 26,03 -35
Garmln s 62.66 -1.51 UncNat 70.74 -S1
Ge itlh 74.90 -.00 LiaseaiTch 3491 -.73
GenDynam 79.62 +.69 UoydTSO 44.99 ..74
GenEec 36,76 -.53 LocMM 95.25 -1AS
GnGrtiPrp 54.72 -315 Loews 50.01 -149
GenMils 5879 -.66 Lowess 3172 -A42
GnMotr 2968 .33 Luttica 33.98 -.78
GeitPrt 4949 66 Lyondel 3.44 -L03
Genwrth 3463 -.81 M&T Bk 107.29 -.91
Genzyme 65.0 -34 MBIA 63.20 L65
Gerdau 22.44 -.80 MEMC 5725 -1.81
GileadSd 7.58 -2.83 MOMMIr 81.0S -.25
GlaxoSKin 51.34 -,12 Macy$ 38.43 4-107
GlobalSFe 68,54 -1.12 Magnal g 88.88 S
GodWFLtd 159 -.61 Manpwl 9050 -.96
Goldcrpg 2378 -.99 Manulifgs 36.08 -A63
Goldmans 2205 -730 Marathon 123.49 -150
Goodrch 56.31 -1.63 aratin wl 62.00 -.50
Goodyear 34A9 -1.09 MarintAs 45.15 -.90
Google 51506 -3.19 MashM 31.41 -.76
Graingr 85.15 -1.68 Marshls 47.55 -.57
GrantPrde 54.1 -1.81 MartMM 153,17 -2,72
GpoSlmec 1238 -.42 MarvelTsif 1589 +.08
GpTelevisa 2684 -.78 Masco 28.13 -84
IHFC Bk 80.79 .268 MasterCrd 139.41 -7.61
HSBC 91.60 -55 Matsush 20.46 -.28
Halllbtn s 3503 -.76 Mattel 26.40 -.9S
Hanson 105.62 -1.03 MaximIf 30.18 -A5
HarleyD 59.73 -.76 McDernmlnt 75.94 -2.61
-armai 11772 -.04 McDnkis 50.21 -A3
HarraH 85.,20 -20 McGrwH 69.91 -134
HartlsCorp 50.79 +22 McKesson 61.09 -.97
Hartfdft 98.10 -2.40 MeadWvco 3438 -1.52
HItthCrPr 30.54 -1.10 Medimun 57.90 S.05
HealthNet 55.73 -.81 MedcOth 78.24 +1.15
Heinz 4615 ..93 MIedtric 51.66 .89
HellnTel 1513 -26 Melilhonc 41.02 -.95
Hershey 50.51 -.36 Merck 50.34 -A42
Hertz n 22.80 -.53 Merri Lyn 87.26 -3.07
Hess 59.00 +.21 Me(Life 65A -19
HewletlP 45.41 .62 MelS 54.59 -L19
Hilton 3467 -.70 Microcho 39.42 -.63
Hitachi 7152 -1.08 MicronT 11.95 ..29
HomeOp 37,66 -.64 Microsoft 29,62 -67
Honda 34.66 -20 Milleas 4L63 -.72
H rnwllnti 56.0 -3.4 Milliconint 84.02 -3A0
Hostlats 2368 -.,82 Mirant 44.03 .2.07
HutanPwr 4037 -122 Mitsuma IL40 -.13
HidsClty 12.75 -.18 Mitsul 41L29 -1L20
Humaia 62.65 +.25 Mizuhofn 14.32 +.08
HutchTel 3185 -Al4 MobileTel 54.30 .30
IAC inter 33.17 -1.03 Mohan 97.28 -3.32
ICICI B 45.96 -,82 MolsCoorsB'88,60 -1.58
IMSI-th 31.65 .79 Motsanto s 58.18 .52
ING 43.46 -.99 Moodys 68.69 -2.04
iShiapan 14.59 -.06 Mogtn 84.73 -L23
iShDJDv 72.26 -1.46 Mosaicif 34.62 -1.23
IShSPSOo 149.34 .2.79 Motorola 17.69 A44
iShEmMkt 12331 -134 MurphO 58.59 -.81
ISh EAFE 78.2 -1.31 NCRCp 52.72 -26
iSRIKVnya 86.72 -1.72 NEC 4.94 -.11
IShR2K nya 81.84 -1.67 NIIHldg 77.38 .L67
IStar 48.59 -41 NRGEgys 41.32 -150
ITT Corp 6534 -.82 NTTOoCo 16.16 -.16


TorontoStockExchange
amte Last Chj Mam Last Ckg
TO Bank 72.07 -1.06 CdnNatRall 55.75 -1.41
CharlotfReso .96 -.04 BmtxtrBSV 5.87 -.11
ErpnGoldfldo 4.87 +,12 Sherrittlntd 1440 -.58
EqnoxMrlso 3,16 -,13 Alcan inc 87.97 -20
Royal Bnk 55.88 -.46 Walibr geo .50 +.0
TalismanEgy 21.12 -.45 Bk NS 5128 -.69
BCE Inc 39.40 -.18 AeroplanlncU 20.52 -.30
ISharescDNs 78.70 .1,31 AzureDynao .69 +.08


A +6.45%
A +10A1%
A +6.72%
A +6.37%
A +5.22%
A +5.11%
A +10.58%
A +4,78%
A +5.70%


NYMEXn 12517 -2.04
NYSEEur 79.95 -2.56
Nabors 34.01 -32
Naspers 24.76 -1.19
NtAUst 171.00 -.74
NmkGreece 10.9 -.29
NalCity 33.92 ..41
NatGrid 7243 -1.47
NOIlVarco 96.11 -.61
NatSemi 2579 -52
NetwkAp 3054 -.71
NewelRub 3 03 -57
NewfldExp 49.07 -1.07
NewmlM 3984 -1,20
NewsCpA 22.00 -30
NeWSCpB 23.78 -22
Nexengs 30.00 -.81
Nldec 14.41 -.14
NikeBwi 54.10 -1.42
NppnTT 22A2 -4A
Nissan 21.70 -753
NobleCorp 9034 -2.20
NobleEn 6129 -2.19
NokiaCp 27.67 -55
Nomra 20.13 -*A4
Norstrm 51.4 -1.56
NoeflSo 54 2 -2A41
Norsk 3523 -.48
Nortel Is 25.77 .32
NorWTt 6255 -130
NonhropG 7523 -I.06
Novartis 5532 -.76
NovoNdk 10235 -1.26
Nucor 64.80 -225
Nvdla 3599 .39
OCdPets 5667 -8%
Offcpt 34.75 A49
Omnlcom o02.76 -148
Oracle 18.73 -162
Orx 13230 +.51
PG&ECp 4553 -1.61
PNC 7132 -.52
POSCO 12021 -.74
PPG 73.79 -1.98
PPL Corp 42ST -125
Paccars 85W7 -2.00
Paudan 956 -2.97
Paychex 3926 -39
PeabdyE w 55 -1,72
Pearson 16.74 -48
PennWstgWn 3521 -51
Penney 77.79 -3.40
PepsIBott 3347 -.74
PepsiCo 635 -.71
PelroCg 4.91 -120
PetChina 1389 .-138
PetrbrsA 93A .244
Petro Is 10662 -287
Pfzer 2629 -.0
PNILD 55.06 -121
Ptlips 4055 -.99
PloNtr 50.32 -131
Piyew 4647 -1.24
PlalnsAW 61.54 -.86
PlumCrk 3939 -.76
PoRloL 9495 .114
PortglTel 1339 -18
PoLtsts 7135 -2.72
PwSh QN 4&34 -j73
Prwaxlr 68.48 -.77
PreoCastpt 115.78 -3375
PriceTR s 49.94 -139
PrhnFfdc 5822 -134
PrctGan 6232 -*S
ProgrssEn 46.75 -154
rogsvCp 2322 -.50
Protogs 60.64 -2.87
Prudent 974A9 -157
Prud UK 2&866 -1.02
PSEG 8243 -3,87
Pusttrg 83.86 .319
PtMdcs 44.11 -.34
Pulte 25.04 -133
Qualcom 41.02 -121
QstDag 50.93 +2.28
Questar 104.73 -320
QwestCm 977 -38
Raytheon 5605 -.86
ReedEisNV 37.83 -1.06
ReedEls plc 51.00 -1.49
Regionsfn 34.40 -.55
RellantEn 24J0 -.1.03
Repsol 35!2 -.57
RsctMomi 164I3 -.75
ReutrGrp 74.09 -M6
RteynAms 62.30 .74
RInker 7a95 +31
RIoTlnto 27639 -5A36
RockwlAUt 66W03 -189
RockCol1 6&26 -125
RogCm gs 40&54 -.55
RoHeas 52.02 -1.23
Rostele 5325 -.31
RoyalBkg 52.62 -6
RylCart 43.60 .1.03
RoyDShillB 7735 -39
RoyDStillA 75.75 -.46
Ryanairs 3859 +24
SAPAG 47.85 -.39
SKTOlm 2650 -.50
SLGreen 135.89 4.78
SLM Cp 5607 *J6
STMicro 1858 -.19
Safeco 6135 -122
Safeway 34.08 -58
Stiude 42.58 -.81
SanDisk 42.92 -.76
Sanofl 45.23 ..84
Santos 45,02 -06
SaraLee 17.62 -23
Sasl 34.14 -.72
Salyam s 2499 +A6


"am lat Chi
SXRUriankmn 14.46 -83
BarrickGold 29.97 -.38
PaladinOrdo 7.75 -,18
StarfldReso L.21 +.09
MilagroEnergy .14 .
EnergyMetlso 16.54 .1.02
HudBayMnrts 24.20 -.50
RogersCommrn 43.10 -26


mmO LOW CLOSE Cm %CHQ. WK MO 9T YTTD


Kam L Ladt
tamgoldCorv) 7.86 +.01
FirstNickelo 1.30 -.17
NorOrono 5.60 -.27
SFKPulpFund 5.04 +.04
BreakwaterRes 2.43 -.02
CIBC 97.34 -1.66
Dynatec 4.74 -.26
FNXMInkng 34.65 .1.49


Interestrates




I A u


PRIME ro
ATE FUNDS
YEST 8.25 525
PEV 8.25 5.19
WK Me an, e -2


THEASUME YE TET CHG WK MO 9p AGO
3-monthT-bll 467 4.66 +.01 A TV 4.75
6monthlT-bll 4.76 4.75 +0.1 A V 4.86
1-year T-note S.0 5.01 +0.01 A A 5.08
2-yearT-note 4.99 4.94 ".0 A A A 5.00
5-yearT-note 503 492 40.11 A A A 4,96
S1DyeafrT-note 5.09 496 .13 A A A 5.02
30-yearT-bond 520 508 +0.12 A A A 5.09


BODms iME S Cms wa MWOI mOm
thirman Boed ldK52 4 +I.13 A A A 521
BondBuyerMWulld 413 4.77 @M6 A A A 41
Leumat USn Iwrade 52 ~6 -01 A A A 5.6
ehmanUSHIghYlp ldTM. 751 5 +M A A 35
MogdysBondhndex 5.6 5 52f A A 5.82
Bank Ind e 11M5 115.35 .4 A T T 107
DltnbiRu i M 1O 1(171 .154 T T T 19.66


Name Last OC
SchergPI 30.66 -1.20
Schimtng 77.78 -2.00
Schwab 2122 -58
SeagateT 20.36 -.22
SearsHtgs 174.94 .-24
Sempm Fn 57.15 .228
SbawCg 42.21 -.61
Sherwin 64.74 -1.45
Shinhan 12225 -.29
Sire 68.29 -.91
SiderNac 4940 .Is85
Siemens 12735 -2.85
SimonPrep 100.57 418
Smith"N 5928 -.90
Smlthnti 5534 -1.26
Sodexto 70.7 .1.64
SonyCp 54.76 -.92
SouthnCo 34.31 -.98
SthnCopps 89.61 -160
SwstAlrl 14.13 -.09
SestAEngy 4550 -195
SowgnBcp 21.98 -.55
SpectraEn 25.45 +m.8
Sprintex 21.85 -.77
SPDR 14110 .2.74
SP Mid 161.55 -3.70
Staples 24.01 -.44
Stabucks 27.44 -.71
Sta 4d ti 69.76 -1.98
StateStr 6642 -1.33
Statol 27.26 -.32
StoraFnso 1.46 -.32
Stryler 6504 -1.54
Suez 52A2 -2.88
Sut.fFng 45.48 -.76
SnMIcro 4.97 -.05
Sunworg 8676 -138
Smnoco 78.95 -125
Smallst 8720 -.97
Supvalu 46.31 -1.07
Swkscom 33.71 -1.02
Symantec 19.55 -.43
Syngenta 35.76 -.81
Synovus 31.56 -.63
Sysco 3223 -A42
TODAmeritr 20.00 -.71
TOK 92.6 +.80
TJX 27.74 -.J7
ThTNV 42.50 -.60
TXU Corp 6720 -.15
TaiwSenT 10.71 -.07
TalismEgs 1986 .54
Tget 2.53 .157
TataMotors 16.51 .32
Technip 74.44 -1.70
TeckCm9gs 41.78 -1.12
TecNZ 2825 -39
Tlitala 27.77 -.61
TIltalBaA 2211 -.25
TeBrasH 35.64 -1.50
TSPaulo 27.88 -.81
Telesp 65.16 -14
TelMedx 38.64 1.04
Tellor 55.20 1.89
TelData If 63.16 -1.38
Tdkom 98.5 -2.18
TeIsg 586 -89
Templein 60.06 -223
Tenaris 429 -1.73
Terex s 8225 1.81
Tesorowl 58.92 .139
TevaPli 38.98 -32
Texilst 34.39 -.65
Textron 104.58 -1.68
ThermoFis 52.86 -.35
Thomson 41356 -61
3M Co 848 .1.74
Tany f 49.26 -143
TWCable n 37.68 -.46
Timewam 20.45 -.32
Trimrk 67.80 -31
TixDBkg 67.84 -130
Total SA 74.02 --98
Toyota 123.13 -.23
TlCdag 34.92 -80
Transocn 96.34 -2.70
avelers 53.78 -86
Tribune 31.7 -.14
TH kcell 15.65 -32
ycolntI 3263 -55
Tyson 2166 -.9
UBSAGS 6107 -2.03
UiPMKy 2507 -.63
UST ImC 5150 -.77
UltraPtg 58.15 -3.47
UUnao 103.5 -4.00
UnievNY 2&72 -.53
Unilever 2972 -.48
UnietrPac 114.82 -334
UnBnCal 60.40 -104
UtdMlcro 334 -16
UPS 71.25 -37
usBancrp 34.03 -28
US Cellu Itf 83.76 +.47
USSteel 115.80 .2A6
UtdTech 6887 -105
Utituts 29.88 -.87
UtldhhlGp 5336 -.61
Ununrip 25.41 -.44
VFCp 91.77 -121
ValeroE 73.04 -1.22
ecilaJv 7951 -1.48
erisig. 29.11 -.77
rrlzortCm 42.59 .33
ViaoorB 42.91 -38
VhnpelCm 97.42 -354
Virgny da h 2470 +.75
Vodafone 3124 -.07
VolvoS 2026 -.68
Vornado 11431 -337
VulcanM 113.76 -3.86
WPP Gp 7120 -2.04
Wachovia 52.85 -.50
WalMart 49.76 -399
Waigm 43.95 -34
WA Mull 42.36 -1.01
WsteMInc 38.87 -.90
Weathdint 52.3 -1.78
WellPoint 81.03 -A2
WelLsFgos 35.06 -.53
WStnUnn 21.82 -35
Westpac 108.00 .38
Weyerh 80.06 -134
Whrilpl 107.64 -4.13
WhtMUllns 586.91 -2.21
WMsCos 30.08 -133
WlillsGp 45.31 -.48
Windstnn 14.78 -33
Wlpro 15.58 -.45
Wolseleys 24.72 -.46
Woorifn 71.50 -2.10
Wrigley 55-42 -116
Wyeth 56.29 -1.22
Wyndhamn 35.66 -1.3
Wynn 93.46 -2.79
XL Cap 80.49 -227
XTO Engy 59-50 -30
XcelEngy 21.39 -.64
Xerox 1876 --25
Xilinx 27.47 -.43
YPF SoC 42.25 -.62
Yahoo 26.98 -.46
rimBrdS 6621 .1.60
Zinmmner 84.53 -275
ZlonBcp 7&8.89 -25


Largest Mutual Funds


NAME 18V CHQI fTN
AIM
CotistellA m 2840 -S5t+17.0
America CeS!
UltrKnw 2& -3. -4 95
Ame ft*mb
AmrcaA m 21.35 -31+16.9
alAmi 19.63 -.25+155
Bfc A m 13.19 -37 482
CapincHIA m 63i1 -.93 +2A
CpWIdGrA m 45.15 +2S8
EurPacGrA mSUiJS .84 +2 M
RindmbiwA m43A4 -.7+22
GrowAmerA m3528 O+185
GmrwAeit rm347 -38+17.7
HllincA m 12.74 -6+123
I "AmerA m 2111 -30 +20)
IReCoAmA m 3527 -52+19.1
MuualA mn 31.16 -51+21.3
NewEconr m 2842 *.W +-23
NewPerspA m34.01 -0+23.9
NwWridA m 5178 -.83+40
SmiCpWdA m4435 -.67 +31
WAMuItiWA m3&97 -.62+21.6
ArnbU
Int 30.88 -45+253
Growth b 5271 -.5 +154
Benstakl
Truintd 2833 -55+26.2
Blacklock
GlobAIcA m 1929 -32+17.6
GlobAlcC m t 1.19 -20+16.7
Calams
GrowA m 58.67-124 +15.1
CollmNi
AcomZr 3231 -.61+27
DFA
Em ktWIA 38.96 -6+594A
InttSmCap 2352 -A47 +33.1
Intflalu 25.63 -.58+3&2
USI4Wl 2721 -.50+22.6
USSmVal 3146 -.+1&8.9

OremHrtERA mn6304 -6 +2M8
oalb
NYVentA m 4L12 -.7+21.1
NYVentC m 39.54 -.+202
NYVentY 41.63 -.67+21.4
Dodge A Co
Dal 9.26 -1.06 +155
income 12-53 *9 +5.9
IntSAtk 4769 -1 1 +27.9
Stock 162.08 -249 +205
ValestrA 58.68 -1.14 +265
AstMgrS 16.73 -.19 +12.7
Bat 20.73 -31+16.9
DiChmrow 46.50 -78+14.9
CapApr 292 -,6+163
Capinc 9.18 -.6 +15.4
Contra 96 -1.12 +18.1
DiscEq 31.72 -.57+23A
DIvGrow 33.60 .S0+204
DIvrnd 40.10 -.3 +25.7
Eqnc 6151 -1* +23k6
Eqlnc I 24.86 -44+19.7
FF2040 9.84 .46+19.9
Fidelity 3847 -J6+21.9
Free2010 14.94 -.17+17
Free2020 1597 -22+17,0
Free2030 1660 -.26+19.2
GovtinU 9.8 -05 +4.3
GrowCo 74.41-147+18.9
Grmwlr 32.73 .55 +16.4
IntBond 10.14 -.04 + .0
IntlDisc 41.22 -.72 +27.5
IrGrdd 7.24 .04 +5.4
LevCoSt 34.02 -.74+32.0
LowPriStk 46.78 -.78+21.6
Maellan 92.03 -1.75 +16.
UMCap 31.36 -.3+21.2
OTC 44.53 -.82+2319
Owerseas 4&.97 -.2+26.5
Puritan 20182 -.A+174
Reailny 35.26 -1-25 +17.3
ShlmsBon 8.81 -01 +4.7
USdindx 10. 8 -17 +5.1
Value 8867 .1.74 +211


1mM
NMWE NAY CHBXRI

5ircMaAd 1034 -134 + *209
SOCI1tdn 103.24-134+21
USEOlndl 5232 .94 +20,
fist
IbAm 48.5A8 .47?149
OwerseasA 26.7 +2042
CATFA m 722 ..3 +4.2
FedTFAm 1131 -3 +4A
Incme A m 2L14 .34+19A4
IncomeCm 2.76 ..03+191
monmeAdv 2,73 -.0 +186
DacoAm 3332 .34+2&4
S esn A Am 27.91 -33+2244
SharesZ 21J5 -32+223

FgA Am 1471 -344+23
ForEqIs 29.21 .38+33.9
GrowttA m 2711 .32+22.4
GrowMlAd 2716 -33+22.
WorldA 2066 -28+22.6
ft"asTtalibite
FMdA 14IM -J7+?2.1

CapAlt 345" -M4+14.1
lnInsl 67.36-135+343

AdHSIA 23.4 -.34+173
CapAprAm 40.38 -.6+201
CApHLA 573.70 .105+223
DOvrhLSIA 2439 -46+244
JPMuerg-
InirAmefS 29 -. +214
Jams
Contrria 19.43 -32+395
Grmainc 41.16 -.68+!63
Jaus 3056 -.56+21.0
LkCapVal 2537 -.47 +23.0
Overseas 51J9 -101 +457
twenty 5971-1.29+25.7
MM NHaaKe
CeVi m i2925 -53+2"0
LifBal b 14.96 -.19+163
UfGrI b 1558 -.24+18.4
MIdEqAb 4626-.*8+312
MIEqi 4728 -.90+315M
at lnt 8523.1.53+18.7
Valur b 7633 -136+175
LongPart 37.71 -.62+22.3
Bondl 14A3 -.15+113
AfflMA m 153. .26+171
MLlCVWA mi2425- .48+24.6
MPS
TotetAm 16.78 -23 +158
VutA m 248 -.53+213
inqA 2139 -.42+221

Eonal 27.78 -24+161
Intll 27.29 -52 +24.5
Oakdmnar 48.34 .387+21L
Select I 3514 -.66+17.6
DevMktA m 46. ..73+42-6
Glo6A m 773-1-6.+2U
MalnStrA m 43.23 -.76 +207
RocMuA m 1849 -.08 +&0
StrtcA m 4.37 .01+11.6
AJlAsseU 1234 j41 +9.1
ComRIRtl 14.4 -48 +.8
LowDrts 9.78 -.02 +3.9
TothetA m 1043 -.06 +3.6
TobetAn b 1043 *.0 +382
TotRetis 10.13 -.05 +4.1
PioneerA x 5148 -39+204
GrowitcA m 21.18 .39+208
DtvrEqinA m 140-3 .256+218


N"ME IM CO %I T

YIdPIsSe 9.18 +5
S4kctted
AmaSS b 48.&9 -.77+20.7
TRmMeP40
lBlCpGr 3&37 -.1 +20.4
CapAw rec 21.87 -25+185
Eqindex 40aft -.72+203
Eqtrinc 3113 -,5+22.7
GrwStk 3389 -.58+22.
kilStk 17AS .32+255
MICa 273J7 -41+260
MidCpGr 40.70 -1.06+204
NewHodi 34A82 -157+133
SmnCpStk 3633 -62+144
SmCpVl 44.15 -.73+161
Vakle 29.25 -47+233

Value 64,12 -.96+19.4

Gobl 34,06 -17+26.6
van Kamps
Coastockh m20.12 -.29+19.0
Eq ncomeA m 947 -.14+16.0
GawtcA m 2336 .46+203

500 13733-24A5+20.8
SOCAMI 137,75-246+209
Asset 3041 ,44+204
EmerMkUd m 27.14 -.34 +40.8
Energy 72.77 -L31 +253
EuropeldK 39.29 -87+31.5
Expir 81.52 -.L60+172
Extldx 41.99 .,87+2041
GNMA 10.00 -*7 +4.7
GNMAAdml 10.00 ..07 +4.8
GlE 25"34 -A6+29.7
GmMialdx 31.67 -57+1L86
HltCrAdml 64A3 -.94+165
HlthCae 152W 3-222+16.5
Instidx 171.2.44+20.
htMtPhs 136.72-2A44+20.9
estlBdki 4939 -30 +5.1
kistIStPI 32.60 -59+21.
hmilr 25.87 -..48+2&9
hitIi 43.7 -.78+283
LfeCo 17.09 -.17+13J
UfGr 2530 AO40+203
LifeMod 21.31 -28+166
MidCp 2171 .46+21.
MidCplst 21.78 -.46+21.8
Morg 20.32 .39+194
MulntAntW 13.10 -.05 +3.6
Padficid 13.24 -.10+1&4
PrMp 7333-146+17.7
PrmcpAhr 76.15 -1.51+17.9
REITd, 24.98 .,79+19.7
STCor 10.50 ..02 +53
ST MdeAd 1050 -.02 +5.4
SmCapidx 352 .-9 +192
Star 219 -31 +15.4
5tralgcEq 25.96 -.57+2 8
Tte2015 13.03 -.18 +1641
tet2OW 2 13" -.21+183
TlodAdml 9.0 ..06 +,2
ToldId 980 -.06 A +54
TaIBdit 9.80 .06 +53
Tniri 1922 -.33+29,2
TontlAdm 3615 -.656+20U
TOtStlns 36.16 .66+203
TotStldx 36.14 -66+20,8
Wts 22,06 .26+113
Welttn 33.69 -.51+174
WedltnMM 58.29 -8+17.2
WmhilAdm 6672 -1.15 +4.
Wisr 19.72 -37+222
WndilAdmi 6657-L25s+223
Wnhmsl 3757 -.65+23.
We"m A
CrP idcns 1023 -.07 +65


Commoduies COMMOaY I CME PwL ca %'TM

Crude Oil (bbl) 66.93 65.96 +1.47 +9.6
Gold (or) 660.10 669.30 -1.37 +3.9
Platinum (oz) 1295.50 1300.10 -0.35 +13.7
Silver (oz) 13.44 13.66 -1.61 +5.0
Coffee (Ib) 1.17 1.16 +0.86 -7.3
Orange Juice(Ib) 1.52 1.53 -0.65 -24.5
Sugar (b) 0.09 0.09 .. .23A



Foreign a Jn
Exchange cONER a .. OSM Om e. Mo -
Arfget(Peso) M3249 -0o0 -.03n J770 +"O.I
Brazil (Real) .5077 .19 -37 .4658 +.631
Brtlain (Pound) Wn -.0157 -.79 19620 +4.1211
Canada (Dollar) .MIs .0f -O .13 0 +.425
l ~Chile.Peso) .I1893 -.000004 -21 .001905+.000047
Colombia (Pes) 000529 .00001 -.19 .000438+.000126
Domlnicanwep(Peso).0314 +04 +1.27 .0307 +.0008
Euo (Euro) 1.3432 *-74 -.55 L3=S +.8
ipanienf) SS -M0 -4 .008674-.000M 7
Mexico(Peso) .51634 -.0M47 -51 .091856+.003244
Uruguay (NewPeso) .0418 -.0000 -.00 .0411 -0002


GlobalMarkets

INDEX VEST C0B %CHU W MO UK1 Th
S&P 500 1490.72 -26.66 -1.76% V V A +5.11%
Frankfurt DAX 7618.61 -111A4 -1.44% V A A +15.49%
London FTSE 100 6505.10 -17"60 -027% V V A +4.57%
Hong Kong Hang Seng 20800.16 -1845 -0.09% A A A +4,18%
Paris CAC-40 5890.49 -87.38 -1.46% V V A +6.29%
Tokyo Nikkei 225 18053.38 +1245 +0.07% A A A +4a0%

SOUTH AMERICA/CANADA
Buenos Ares Merval 2158.82 -47.34 -2.15% V A A +3.27%
Mexico City Bolsa 31184.49 -497.27 -1.57% V A A +17.91%
Sao Paolo Bovespa 52049.31 -1112.90 -2.09% V A A +17.03%
Toronto S&P/TSX 13703.88 -237.71 -1.71% V A +6.16%
ASIA
Seoul Composite 1753.04 +10.86 +0.62% A A A +22.21%
SingaporeStraits Times 3546.33 -17.42 -0A9% A A A +18.77%
Sydney All Ordinaries 633820 -29.20 -.46% V V A +12.29%
Taipei Thex 8355.26 +40.58 +0.49% A A A +6479%
Shanghai Shanghal B 287.32 +39 +1.27% A A +12083%


_ 1___11~~~ 11_


__~_ ~~ ~~ _____ ^^__ ___ ~ ~____~ _I__)_








THE TRIBUNE


FRIDAY, JUNE 8, 2007, PAGE 5B


Tourism projects 'on radar


screen' for top investors


By NEIL HARTNELL
Tribune Business Editor
MAJOR anchor projects are
"raising the profile of the
*Bahamas as a place to devel-
'op" in the eyes of major global
financial institutions, the diver-
sity of its hotel industry, prox-
imity to the US and availability
,of development sites encourag-
ing banks to rank this nation as
-having the "greatest tourism
growth potential in the
'Caribbean".
Simon Townend, the
Bahamas-based partnerand
regional director of KPMG's
corporate finance arm, who pre-
.sented the survey of regional
', banks that ranked the Bahamas
-as the regional leader on
tourism development prospects,
Told The Tribune that most
major institutions were either
invested or wanted to invest in
tourism investment projects in
this nation.
Some 50 per cent of their insti-
tutions surveyed by KPMG rat-
ed the Bahamas as number one,
and Mr Townend said one of
the factors influencing this find-
ing was that "there's so many
projects going on in the
Bahamas right now".
He added: "Most of the
financial institutions we we
spoke with have the Bahamas
on the radar screen. They are
invested or would like to invest.
"The other major reason is
that the Bahamas continues to
benefit from the diversity of its
product. There are a number of
available sites around the island
for development and its loca-
tion.
"At the end of the day, once
you get a couple of large anchor
projects, more tend to follow,
like Kerzner, Four Seasons,
Baha Mar, Ginn. There's a lot
of projects going on that raise
the profile of the country as a
place to invest."
The survey, presented at the
Caribbean Hotel & Tourism
Investment Conference
' (CHTIC) in Curacao, found
that 50 per cent of banking
respondents ranked the
Bahamas as having the great-
- est growth potential in the
Caribbean tourism and hotel
industry, with the Turks &
Caicos Islands close behind.
The KPMG survey said: "Of
the local financial institutions
surveyed, half of respondents
agree that the Bahamas, with


its historically strong tourism
product, has significant growth
potential.
"As the market for condo
hotels in the region continues
to grow, regional lenders are
becoming more optimistic about
the growth and sustainability of
such projects.
"While concerns over the US
economy and the softening of
the housing market increase,
the outlook for condo hotels is
even more optimistic than last
year, and multi-use properties
continue to grow in populari-
ty."
Among the banks and insti-
tutions that responded to the
survey were Bank of Butter-
field, FirstCaribbean Interna-
tional Bank, Royal Bank of
Canada and Scotiabank, all of
.whom have a significant pres-
ence in the Bahamas. Between
all those surveyed, they had a
total tourism sector exposure
of $2.6 billion.
Mr Townend told The Tri-
bune that while most of the
banks surveyed remained bull-
ish on the Bahamian and
Caribbean tourism industry's
future prospects, there was a
"healthy caution".
This was because some were
concerned about "the flatten-
ing and softening of the US
housing market", an overbuild
of high-end, luxury residential
developments that would leave
"too much inventory coming on
to the market at once", and the
fact that hotel occupancy lev-
els in the Bahamas and wider
region were slightly down on
2006 comparatives during the
peak season period.
Mr Townend added: "People
are seeing a lot of inventory
coming on stream in the region,
and while the growth rate in
sales may be greater than last
year, are they keeping up with
inventory?"
However, he said the con-
cerns about US housing mar-
ket softening and its impact on
the Caribbean tourism industry
were "not that great", as much
of the weakness seen was in the
sub-prime market, which was
not likely to be major buyers of
Bahamian tourism-related resi-
dential options.
Mr Townend said the feeling
from banks and economists spo-
ken to was that the US econo-
my would be stable for another
two years, and while people
were watching it with caution,


concerns were not great.
The KPMG executive said
there was "a lot of liquidity" in
the US, Uk and Europe in
terms of surplus assets that
banks, investment banks and
private equity funds had avail-
able for investing and lending,
and while they had not tradi-
tionally looked at the Bahamas
and Caribbean tourism indus-
try, these destinations were now
seen as offering attractive rates
of return compared to their
home markets.
These institutions were now
looking at large, mixed-use
resort projects of the type now
largely underway in the
Bahamas, and Mr Townend
said investors in this nation's
tourism industry now had "a lot
of options when it came to pro-
ject financing".
Tourism projects were prov-
ing attractive to institutional
investors if they were of the
right scale, attracted the right
partners, had an appropriate
level of eq uty invested in them,
and there wa a clear exit strat-
egy, Mr Tow end said, with
good distribution channels to
attract real\estate buyers and
visitors.


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Th oewl n talsuevioy n tanngfncin n esrng tht po icis ndprceurs
are ein updtedand ompied ithby ll relevantH employees.^^B^^^^
You shouldideally have:^^^^^^^^^^^^^^^^^^^^^^^^^^




" thecapaity to learn uickyadin anindependent ^mannerl^^^^^^^^^






withthelevl oJf experiencefland uaifications.BlS


SAntonius Roberts

.' Max Taylor




Post House Studio & Gallery

Please Call (242) 327-7562



CAREER

OPPORTUNITY

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


MIS
Clerical Administration
Marketing & Promotions
Inventory Control

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

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

Please submit your resume in confidence to:

CAREER OPPORTUNITY
P. O. BOX N-623
NASSAU, BAHAMAS.
OR
Fax: 322-6607 / 328-5902
Email: humanresourcesnassau@dutyfree.com


Join Cititrust

(Bahamas) Limited,
one of the most

established trust

organizations in the

world.

We invite outstanding
individuals, wanting to build a
career in trust and estate
management services, to be part
of our dynamic global team. You
will interact with colleagues from
around the world and across the
organization, providing
specialized services to our high
net worth clients and their
families.

Interested Bahamian candidates
should forward a copy of their
resume by June 22, 2007 to:
Human Resources, Cititrust
(Bahamas) Limited, P.O. Box N-
1576, Nassau, Bahamas OR
Fax: (242) 302-8732 OR Email:
ianice.gibson(5)citigroup.com


TRUST OFFICER


ROLE RESPONSIBILITIES
Reporting to a Trust Administration Team Leader, the position is
responsible for the ongoing administration of trust and fiduciary
products and services to clients of Citi's Private Banking, Smith
Barney and International Personal Banking divisions. Key
responsibilities include liaising with Relationship Managers to
provide information, execute transactions and resolve problems,
managing all associated risks, and, preparing and presenting
periodic administrative reviews of trust and companies. Additional
responsibilities include liaising with internal Compliance and
Business Risk Management teams and external auditors and
regulatory bodies to ensure adherence to all policies, procedures
and regulatory requirements.


KNOWLEDGE/ SKILLS REQUIRED
The ideal candidate will possess a Bachelors degree in Law,
Business Administration, Accounting or related field and a
minimum of 3-5 years of related experience in Trust and Company
administration. STEP qualifications are an asset. Strong oral and
written communications skills, excellent organizational skills,
superior relationship management skills and an aptitude for
analyzing and solving problems are also required. Additionally,
language skills (Spanish, Portuguese, Mandarin) and knowledge
of 4Series are assets.


Challenge

yourself to a career like no other


BUSINESS


I


--------







THE TRIBUNE


PAGF RR FRIDAY. JUNE 8, 2007


Cititrust (Bahamas) Limited, a Citi subsidiary, a leading financial institution
with a presence in over 100 countries and over 100 million customers
worldwide, is seeking candidates for the positions of Project Manager and
Senior Infrastructure Engineer.

Functional/Department Information
Global Wealth Structuring forms the Citigroup international offshore trust
companies servicing non-U.S. high net worth clients in Bahamas, Cayman
Islands, Switzerland, Jersey Channel Islands, New Jersey and Singapore.
Products target wealth preservation around fiduciary structures. The
Technology Department supports all locations and local applications of the
business.

Project Manager
This role is responsible for all phases of the Technology Project Management
lifecycle including documenting business requirements, preparing project
plans, writing technical design documents, coordinating production support,
overseeing user acceptance testing and managing all related project estimates
and financial budgets. All projects must be designed and implemented with
full adherence to all internal technology standards and controls, information
security requirements and any related policies.

Requirements for the position include a Bachelors degree in Information
Technology or Engineering and a minimum of five years of related experience.
Additionally, Microsoft Certification MCP or higher, solid knowledge of
Oracle and SQL databases, and experience with vendor management are an
asset. Excellent Project Management skills, strong oral and written skills,
and proven leadership skills will round out the ideal candidate.

Senior Infrastructure Engineer
As a senior member of the Infrastructure Team, this position will act as
Team Deputy and senior technical advisor on all infrastructure matters.
Additional responsibilities include being a primary liaison on all technology
audit-related matters, coordinating production support activities and providing
production support as required, and supporting all business applications
including SQL and Oracle specifically as it relates to server/work
station/network device support.

Minimum requirements include a Bachelors degree in Information Technology,
5 years of related experience, sound knowledge of SQL and Oracle, expert
knowledge of Microsoft Active Directory (installation and management),
MCSA certification or higher, and, experience in a Citrix environment.
Excellent communication skills, strong interpersonal skills and superior
time management skills are also required.
4
Interested candidate should forward a copy of their resume to:

Gieselle Campbell
Cititrust (Bahamas) Limited
P.O. Box N-1576
Nassau, Bahamas
Fax: (242) 302-8552 or
Email: gieselle.campbell@citigroup.com
Deadline for application is June 16th, 2007


FROM page 1


Bahamasair needs the contin-
ued support of its owner, the
Government.
"To continue to operate a
fleet with an average aircraft
age of 20 years will result in
the losses increasing exponen-
tially, with the consequence
being increasing funding by the
Government, funding which is
averaging over $25 million
each year," Mr McCartney
said.
He added that every dollar
given to Bahamasair in the
form of government subsidies
is at the expense of many oth-
er deserving projects, with $11
million allocated to the airline
in the 2007-2008 Budget.
He said the FNM will short-
ly assist Bahamasair manage-
ment in finding a strategic part-
ner, although he was not clear
whether this would take the
form of full privatization or
involve finding a manage-
ment/operating partner.
Mr McCartney said that
included in Bahamasair's $20
million loss of for its year end-
ing on June 30, 2006, was $2.5
million in back pay for the
renewal of contracts for the


airline's four unions, all of
which had expired for two
years.
"These renewed contracts
gave generous salary increases
and benefits to unions at a time
when the industry was seeking
salary cuts and other conces-
sions," he added, in a swipe at
the Christie administration.
Mr McCartney told MPs
that Bahamasair was also fac-
ing the tremendous burden of
increased security and fuel
costs.
"Bahamasair has seen its
annual fuel bill increase from
$9 million in 2001 to $21 mil-
lion in 2006, which is an
increase of over 130 per cent
with no matching increasing in
revenue," he added.
The airline has faced
increased competition from
low-cost carriers, which he said
had "no labour unions, [leav-
ing them with] lower operat-
ing costs and the ability to offer
lower fares."
Mr McCartney added that
many legacy carriers have been
forced into bankruptcy and
mergers as a result, and that
the entire airline industry has
faced challenging times.
"Bahamasair has not
escaped these pressures, and
is also challenged by the
domestic charter carriers which


now operate scheduled service
into the major family island
destinations," he said, eroding
"Bahamasair's market share
and negatively impacting its
revenue.
"Added to this, Mr McCart--
ney said, was the fact that
Bahamasair must operate in
low density, non-profitable
destinations in the public inter-
est.
Although the airline had
experienced several years of
revenue growth, increasing this
from $66 million in 2004 to
$73 million in 2005 and $77
million in 2006, expenses had
grown even more.
"Bahamasair's projected rev-
enue for the year ended June
30, 2007, is the same as for
2006, and the budgeted rev-
enue for the year ended June
2008 is expected to show only
minimal growth of $1 million,"
he said.
Mr McCartney said there
will be a review of the sustain-
ability of unprofitable routes
and existing work practices.
He added that it was imper-
ative that initiatives be under-
taken in order for Bahamasair
to be rendered attractive for
private investment, and to
achieve the Government's
objective of finding a strategic
partner for the airline.


Flag carrier




expected to




lose $16m




in its '07-'08




financial year


THE BAHAMAS
SUPPORT PROGRAMME FOR TRANSFORMING
EDUCATION AND TRAINING
BH-L1003

COORDINATOR MONITORING & EVALUATION

The position is to create and manage the Monitoring & Evaluation Unit
which will function within the Planning Unit of the Ministry of Education,
Youth, Sports & Culture. The Monitoring & Evaluation Unit will have as
its primary focus the monitoring and evaluating of outcomes which impact
the Support Programme for Transforming Education and Training (SPTET)
and ongoing programmes specifically to:

1. Establish and manage systems for the collection, analysis, storage and
retrieval of data required to support the monitoring and evaluation of the
SPTET in the short term and meet the needs of the MOEYSC in the
longer term.
2. Monitor and conduct formative evaluations of the SPTET project in
consultant with the Task Managers, Quality Assurance Coordinators, the
PMU and other key stakeholders.
3. Make recommendations for the development and staffing of the Monitoring
and Evaluation function within the MOEYSC.
4. Manage the implementation of the Monitoring and Evaluation Plan for
the SPTET project, modifying as may be necessary.
5. Conduct training in monitoring and evaluation function to build capacity.
6. Evaluate the performance of executing units including the Project
Management Unit.

MINIMUM QUALIFICATIONS AND EXPERIENCE
* Masters degree in Education, Social Sciences or Statistics.
* Training in Research Methods and or Evaluation Techniques desirable
* Training or use of software Word, Excel, Power Point and SPSS
* Excellent Interpersonal and Communications skills.

All interested persons must submit Curriculum Vitae/Resumes so as to arrive
no later than Friday, 15th June, 2007 and addressed to:

The Permanent Secretary
Ministry of Education, Science & Technology
P. 0. Box N 3913/14
Thompson Boulevard
Nassau, The Bahamas
Attention: John Haughton
IDB PROJECT MANAGEMENT UNIT
Telephone: (242) 325-5200/4748
Fax: (242) 325-4660
Email:ihaughtonidbproject@yahoo.com


The Inter-American Development Bank (IDB) is the largest and oldest regional
multilateral development institution, established in 1959 to help accelerate
economic and social development in Latin America and the Caribbean. The IDB
is based in Washington, D.C., and is now undergoing a realignment process to
restructure the Bank so it can better fulfill its mission of contributing to economic
and social development in light of the Region's development challenges. The
IDB is now reviewing candidates for the positions of:


Division Chiefs, Unit Chiefs and Regional
Economic Advisors

To view the specific description of each of the following positions and to apply,
please go to: www.iadb.org/hrd/vacancies.asp and access the Bank's job@pply
system. The closing date for most vacancies is June 8, 2007.

General Requirements

* Master's, "Licenciatura" or equivalent degree, in relevant discipline. Preferably
Ph.D. Some positions may request specific certifications.
* Minimum of 10-15 years of work experience relevant to the duties and
accountabilities of the position.
* Knowledge and understanding of the Region. Proven experience in similar
positions, preferably in Latin America or the Caribbean, including broad
experience, at a similar level, in coordinating multidisciplinary teams to develop
complex projects in a matrix structure environment, with strong technical
background and proven management track record.
* Leader and authority among peers in his/her specific discipline.
* Strong operational experience: track record of successfully implemented
projects and programs.
* Proficiency in at least two of the Bank's official languages, being one of them
English or Spanish, and preferably working knowledge of a third (languages:
English, Spanish, French, Portuguese).
* Strong communication and client orientation skills.
We Offer: Competitive salary and benefits plan; excellent relocation package.

Only applications which best match with the requirements of the position will
be acknowledged. You must be a citizen of one of the IDB Member Countries
in order to qualify jor any type of employment at the IDB.
IDB Member Countries Argentina Austria Bahamas Barbados Belgium
* Belize Bolivia Brazil Canada Chile Colombia Costa Rica Croatia
* Denmark Dominican Republic Ecuador El Salvador Finland France
* Germany Guatemala Guyana Haiti Honduras Israel Italy Jamaica
* Japan Mexico Netherlands Nicaragua Norway Panama Paraguay *
Peru Portugal Republic of Korea Slovenia Spain Suriname Sweden *
Switzerland Trinidad & Tobago United Kingdom United States Uruguay
* Venezuela


Ff-%% -) AL I







FRIDAY, JUNE 8, 2007, PAGE 7B


THE TRIBUNE


To advertise in The Tribune -

the #1 newspaper in circulation,

just call 322-1986 today!


FROM page 1


these people," Mr Anderson
said.
"I think that if you've got a
business that's growing and
been profitable for a while, it's
a good opportunity to come to
market. The economy's going
to be expanding .......
"We need to find entities
with some management skills
and good businesses to come
to market, so investors can buy
into them and grow this econ-
omy further."
BISX and the wider
Bahamian capital markets
have not witnessed an IPO
since Freeport Concrete came
to market in the mid-2001,
marking a six-year gap in
which no new stocks have list-
ed on the exchange. Kerzner
International was listed briefly
as a derivative Bahamian
Depository Receipt (BDR)
offering, but it was already a
New York-listed public com-
pany and was later taken pri-
vate, coming off BISX.
The only other BDR listing,
which took place subsequent
to the Freeport Concrete offer-
ing, was Consolidated Water's.
Mr Anderson said that fol-
lowing 2001, when the Bahami-
an economy suffered from the
September 11 attacks and the
worldwide economic fallout
that followed, plus the Straw
Market fire and Hurricane
Michelle, the equity markets
in this nation slumped, bot-
toming out and beginning their
recovery in 2003-2004.
During 2005 and 2006, BISX
and the capital markets
became a buyers' market, as
purchasers swept up the excess


supply of securities hanging
over from the post-2001 peri-
od, but now these equities have
largely all been acquired, leav-
ing very few available for new
and existing investors.
Mr Anderson said compa-
nies looking to come to market
via IPOs were often growth
companies, looking for capital
to fund their expansion, mean-
ing that while there might be
some risk attached, the upside
for these firms and investors
in terms of potential returns
and profits was higher.
"When you're buying into
new companies, there's much
more potential for upside ear-
lier on, although there's a lot
more risk," Mr Anderson said.
The equity markets were also
more likely to take a long-term
view of a company's prospects,
rather than bank lenders, who
would seek immediate pay-
back.
New IPOs would also enable
investors to diversify their
portfolios away from a heavy
reliance on financial services,
due to the glut of banks, mutu-
al funds and insurance firms
listed on BISX, Mr Anderson
said.
Kenwood Kerr, head of
Providence Advisors, told The
Tribune that "you don't want
IPOs for the sake of IPOs",
adding that while most of those
that had already come to mar-
ket were quality stocks, there
had been those that had deliv-
ered negative returns for
investors to date. These would
include Abaco Markets,
Freeport Concrete and RND
Holdings.
Mr Kerr said investors
would ultimately decide
whether a stock was a good
investment or not, adding: "I


don't know if there are
enough companies of sufficient
quality" out there that are will-
ing or ready to come to the
public.
He agreed, though, that
more quality IPOs and listings
would benefit BISX and the
wider market, deepening trad-
ing volumes and activity on the
exchange, boosting portfolio
diversification through offer-
ing more investment options,
and making BISX "more
viable" through adding to its
revenues.
Mr Kerr said: "The market
needs to be deeper in terms of
the volume of shares traded
and investor options. Diversi-
fication is the key.
"Certainly, the market could
do with more diversification.
Companies need to be coming
to the market, but their stories
need to be credible ones. oth-
erwise investors who are grow-
ing in sophistication will make
a decision on whether to invest
or not. There are two sides of
the coin."




INSIGHT


:For the
behind
thte new.t
read Insight
uOuion Mondays
,.: ,.


WANTED

SALES PERSONS
WITH 3 YEARS EXPERIENCE


PLEASE FORWARD RESUME TO:

Taylor Industries Ltd
P.O. Box N-4806
Nassau, Bahmas




NOTICE

IN THE ESTATE OF NORMA LOUISE
PEARCE late of Coral Lakes, New
Providence, The Bahamas deceased

NOTICE is hereby given that all persons having
any claim or demand against or interest in the above
Estate should send same duly certified in writing
to the undersigned on or before 22nd June, 2007
after which date the Executor will proceed to
distribute the assets of the Estate having regard only
to the claims, demands or interests of which he shall
then have had notice AND all persons indebted to
the above Estate are asked to settle such debts on
or before 22nd June, 2007.

FITZGERALD & FITZGERALD
Attorneys for the Executor
P.O. Box CB-11173
Suite 212, Lagoon Court Building
Olde Towne Mall at Sandyport
West Bay Street
Nassau, Bahamas


Join Cititrust
(Bahamas) Limited,
one of the most
established trust
organizations in the
world.

We invite outstanding
individuals, wanting to build a
career in trust and estate
management services, to be part
of our dynamic global team. You
will interact with colleagues from
around the world and across the
organization, providing
specialized services to our high
net worth clients and their
families.

Interested Bahamian candidates
should forward a copy of their
resume by June 22, 2007 to:
Human Resources, Cititrust
(Bahamas) Limited, P.O. Box N-
1576, Nassau, Bahamas OR
Fax: (242) 302-8732 OR Email:
ianice.gibson@citigroup.com


citi



BUSINESS RISK OFFICER


ROLE RESPONSIBILITIES
Reporting to the Head of Business Risk Management, the position
is responsible for assisting with the implementation and ongoing
monitoring of business risk management program initiatives. Key
responsibilities'include ensuring that policies and procedures, as
well as legal/regulatory requirements are implemented, managed
and updated. Additional responsibilities include assisting with
internal and external audits and regulatory inspections, monitoring
mandatory training, preparation of risk management reports, and,
participation on related projects as assigned.


KNOWLEDGE/ SKILLS REQUIRED
The ideal candidate will possess an advanced degree or
professional qualification in Law or related field and a minimum of
2-4 years of related experience in Compliance, Business Risk
and/or Trust Administration. Additionally, a strong understanding
of the. local regulatory environment and of ongoing international
initiatives is required. STEP qualifications are an asset. Strong oral
and written communications skills, excellent organizational skills,
the ability to work with minimal supervision and an aptitude for
analyzing and solving problems are also required.

Challenge

yourself to a career like no other


NOTICE TO CREDITORS



Freeport Taxi Company Limited
First Atlantic Realty Limited
Bahamas Developers, Limited
PAW Distributing Company Limited
Tokyo Investments Limited
Commonwealth Group of Companies Limited
Remax Realty Limited
King O'Beef Limited
Kensington International Management Company Limited
Stuart Travel Services Limited
Northern Transport Limited
Skate World Limited
Special Venture Associates Limited
Deep Blue Energy (Bahamas) Limited formerly Nashumi
International Limited



TAKE NOTICE that all persons having claims against any of the
Companies listed above, as creditors, must, before close of business on Friday
the 29th day of June, 2007, send to the Joint Receiver and Manager at the
address shown below, by letter, facsimile or electronically, full particulars of the
amount and nature of their claim together with invoices, or any other documents
evidencing the same and contact information of the creditor. Failure to submit
a claim by the 29th June, 2007 may result in a loss of rights with respect to such
a claim. The Joint Receiver and Manager reserve the right to accept or reject
any claim. The Joint Receiver and Manager reserve the right to require further
evidence in support of any claim before accepting a claim. Creditors submitting
claims with sufficient and proper evidence thereof before the 29th June, 2007
will be advised in writing of whether their claim is accepted. Acceptance of
claims by the Joint Receiver and Manager does not impose any liability on the
Joint Receiver and Manager to pay such claim. Claims which are accepted
in writing by the Joint Receiver and Manager will be considered for payment
depending upon the priority of such claim and the availability of funds to meet
such claim.

Dated this 6th day of June A.D., 2007
Kevin D. Seymour
Joint Receiver and Manager
PricewaterhouseCoopers
Regent Centre East
P.O. Box F-42682
Freeport Bahamas
Telephone: (242) 352-8471
Facsimile: (242) 352-4810
f E-Mail: kevin.d.seymour@bs.pwc.com


BUSINESS









THE TRIBUNE


AP GE 8B FRIDAYJUNE 8 20 7


NOTICE
NOTICE is hereby given that FREDA GUSTAVE OF #257 SOUTH
MALL DRIVE, FREEPORT, 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
8TH day of JUNE, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box F-41085, Grand Bahama, Bahamas.





NOTICE

MILEPOST INVESTMENT LIMITED
NOTICE IS HEREBY GIVEN as follows:

(a) MILEPOST INVESTMENT LIMITED is in dissolution under
the provisions of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on June 7, 2007
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The Liquidator of the said company is Lakeisha Collie of 2nd
Terrace, West Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 9th day of July, 2007 to send their names
and addresses and particulars of their debts or claims to the
Liquidator of the company or, in default thereof, they may be
excluded from the benefit of any distribution made before such
debts are proved.
June 8, 2007

LAKEISHA COLLIE
LIQUIDATOR OF THE ABOVE-NAMED COMPANY








-a'-
WINDINo BAY
AlA(O, 8AHAMAX

Bookkeeper/Office Assistant

Provide administrative support duties for a busy Construction
office
Process and prepare invoices/bills for payment
Reconcile vendor statements
Data entry duties
Proficient in Microsoft Word and Excel
1-3 years experience in a similar role

IT Support
Will support a Construction Management Team using a variety
of software applications on both stand alone systems and in a
networked environment.
Well experienced in day to day troubleshooting and problem
solving of IT hardware and software issues
Part-time position

Construction Project Manager
Minimum 5 years experience in construction management
Working knowledge of timber and masonry construction methods
Proficient in reading and understanding construction plans
Proficient in performing material take-offs and placing material
orders
Working knowledge of construction materials
Proficient with Microsoft Word and Excel
Good communication skills


Resume should be sent to Nick Sims, Development Department,
The Abaco Club on Winding Bay, P.O. Box AB-20571, Marsh
Harbour, Abaco or fax # 242-367 2930.


)FIDELi'g


Pricing Information As Of:


FROM page 1


mortar businesses.
The fourth thing you need to
do is to Plan Your Website.
There is so much you need to
get right to have an effective
website. Read my future
columns on Designing Your
Website and Implementing Your
Website for more information
on these areas.
The fifth thing you need to
do is Plan Your Client Rela-
tionships. If you thought cus-
tomer service was tough in
bricks and mortar businesses, it
is doubly hard to get right
online. Make sure you read my
future column, Building Client


Relationships, for more infor-
mation on this area.
The sixth thing you need to
do is to Plan Your Technology.
What type of technology will
you incorporate into your
eBusiness? What type of plat-
form, software, hosting and
security will you have? Read
my future column, Getting Your
Technology Right, for more
information on this area.
The seventh thing you need
to do is to Plan Your Marketing
Activities. A sensible way to
promote your eBusiness will be
through the traditional offline
marketing efforts, as well as a
new area of online marketing,
where your learning curve will
be at its steepest.


LEGAL NOTICE


NOTICE


ATLAC HOLDINGS LTD.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
137 (4) of the International Business Companies Act
(No. 45 of 2000), ATLAC HOLDINGS LTD. is in
Dissolution.

The date of commencement of dissolution is the 30th
day of March, 2007.
Luis Pifieyria Pittaluga
Juncal 1305,21 Floor
Montevideo,
Republica Oriental del Uruguay
Liquidator


Please be informed that effective May 30, 2007
Mr. Don Gray is no longer employed with Planet
Vision Holdings, Professional Landscapes,
Cam-Trac and V.C. Construction and is not
authorized to transact business on behalf of the
afore-mentioned companies.


C
F F A L"


(W.BISXBAHAMAS.COM FOR MORE DATA & INFORMATION
A :G 00.00 / %CHG 00.00 / YTD 115.49/ YTD % 06.89


52wK-Hi
1.85
12.05
A.41
).85
2.95
1.49
10.44
2.15
14.55
5.03
2.76
6.21
12.60
14.70
17.30
1.05
10.20
9.50
10.00


1 .Uu
7.23
0.70
1.30
1.20
9.00
1.80
10.60
4.22
2.40
5.54
11.50
12.43
10.77
0.54
7.10
8.52
10.00


52wk-Hi 52wk-Low


Chanae Daiv 'Vol. EPS I


Abaco Markets 1.18 1 18
Bahamas Property Fund 11.60 11.60
Bank of Bahamas 9.40 9.40
Benchmark 0.85 0.85
Bahamas Waste 2.95 2.95
Fidelity Bank 1.30 1.30
Cable Bahamas 10.44 10.44
Colina Holdings 2.15 2.15
Commonwealth Bank 14.55 14.55
Consolidated Water BDRs 5.13 5.09
Doctor's Hospital 2.40 2.40
Famguard ,6.15 6.15
Finco 12.60 12.60
FirstCaribbean 14.50 14.50
Focol 17.30 17.30
Freeport Concrete 0.54 0.54
ICD Utilities 7.20 7.20
J. S. Johnson 9.50 9.50
Premier Real Estate 10.00 10.00
.yi $ ATaounterSecuttries
Symbol Bid $ Ask $ Last Price


ii 282--- 0 UU


-0 282
1.548
100 0.737
-0.130
0.243
0.064
200 0.949
0.245
1.152
0.112
400 0.234
0.694
0.787
0.977
1.657
-0.432
0.532
0.868
1.167


Du


,e Weekly Vol. EPS $ Div $


PiE Yield


0 0OO
0.400
0.260
0.020
0.060
0.020
0.240
0.080
0.680
0.049
0.000
0.240
0.570
0.500
0.520
0.000
0.100
0M570
0.600


0 00'"
3.45%
2.77%
2.35%
2.03%
1.54%
2.30%
3.72%
4.67%
0.96%
0.00%
3.90%
4.52%
3.45%
3.01%
0.00%
1.39%
6.00%
6.00%


PIE Yield


14.60 12.25 Bahamas Supermarkets 14.60 15.60 16.00 1.234 1.185 12.6 8.12%
10.14 10.00 Caribbean Crossings (Pref) 8.00 8.25 10.00 0.000 0.640 NM 7.85%
0.54 0.20 RND Holdings 0.45 0.55 0.20 0.034 0.000 26.2 0.00%
RIN theounter5eourWos
43.00 28.00 ABDAB 41.00 43.00 41.00 2.220 0.000 19.4 0.00%
14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.234 1.125 12.6 7.71%
0.60 0.35 RND Holdings 0.45 0.55 0.45 0.021 0.000 26.2 0.00%

52wk-HI 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %


1.3418
3.2018
2.6629
1.2443
11.5519


1.2907
2.9038
2.3560
1.1695
11.0199


Colina Money Market Fund
Fidelity Bahamas G & I Fund
Colina MSI Preferred Fund
Colina Bond Fund
Fidelity Prime Income Fund


BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00
52wk-HI Highest closing price in last 52 weeks
52wk-Low Lowest closing price In last 52 weeks
Previous Close Previous day's weighted price for daily volume
Today's Close Current day's weighted price for daily volume
Change Change In closing price from day to day
Dally Vol. Number of total shares traded today.
DIV $ Dividends per share paid in the last 12 months
P/E Closing price divided by the last 12 month earnings


1.341839*
3.2018"**
2.662852**
1.244286****
11.5519****.


S.r/0, TD 07.91% / 2006 34.47%
MARKET TERMS YIELD last 12 month dividends divided by closing price
Bid $ Buying price of Colina and Fidelity
Ask $ Selling price of Colina and fidelity
Last Price Last traded over-the-counter price
Weekly Vol. Trading volume of the prior week
EPS $ A company's reported earnings per share for the last 12 mths
NAV Net Asset Value
N/M Not Meaningful
FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100


NAV KEY
* 1 June 2007
" 30 April 2007
* 31 May 2007
.. 30 April 2007


- 31 May 2007


Try offline marketing meth-
ods such as public relations,
which is often an inexpensive
way to drive traffic to your web-
site. Learn how to write press
releases and you could gener-
ate free traffic to your site.
Offline marketing is dealt with
comprehensively in my previ-
ous columns on Not Under-
standing Marketing.
Try online methods to drive
traffic. There are many ways
you can drive traffic from link-
ing to pay per click, to adwords,
to adsense to viral marketing.
There is a lot to learn. Read my
future column on Building Traf-
fic for more information on this
area.
Try non-traffic eMarketing
activities such as copy writing,
content management and list
building to improve the sticki-
ness of your website. Read my
future column Converting Traf-
fic for more information.
Try affiliate marketing, as this
is a growing area, where you
get websites to drive traffic to
your site, and you share with




behid th nes ,

Iead Inih


them the revenue generated
from their traffic. Read my
future column Becoming An
Affiliate for more information.
Finally, the last thing you
need to do is to Plan Your
Domain Name. If you can find
an easy-to-remember, catchy
domain name that explains
what you do, then customers
will remember your website and
will be more likely to visit your
site rather than a competitor's.
There are many domain name
registration services out there.
Choose one and spend the nec-
essary time researching the best
domain name for you.
Planning your eBusiness is an
important area. Many
antipreneurs do not spend
enough time on this area. So,
in order to avoid the trap of
antipreneurship, make sure you
spend sufficient time on this
area, as it will pay large divi-
dends for your future business
success.

NB: This column is available
as an eBook at
www.antipreneurship.com.
Mark draws on 20 years of top
level business, marketing and
communications experience in
London and the Bahamas. He is
chief operating officer of
www.ezpzemail.com, currently
lives in Nassau, and can be con-
tacted at
markalexpalmer@mac.com
Mark Palmer. All rights
reserved


NOTICE
NOTICE is hereby given that VINCENT JOSEPH OF MARSH
HARBOUR, 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 8TH day of JUNE,
2007 to the Minister responsible for Nationality and Citizenship,
P.O.Box N-7147, Nassau, Bahamas.





DURACIONE VISTA INC.
(In Voluntary Liquidation)







Notice is hereby given that the aboved-named Company
is in dissoultion, which commenced on the 7th day of
June 2007.The Liquidator is Argosa Corp. Inc., P.O. Box
N-7757 Nassau, Bahamas.






ARGOSA CORP. INC.
(Liquidator)


E-business planning


I


DEPUTY DIRECTOR

NEEDED

The Anglican Central Education Authority invites
applications from qualified Individuals for the
position of Deputy Director of Education for
Curriculum and Supervision, beginning September
2007.

The applicant must have a Masters Degree in
Education from a recognized University, with at least
ten (10) years accumulative administrative
experience. The applicant must also be computer
literate.

Only qualified applicants need apply.

For further details and application forms, please
contact the Anglican Central Education Authority
on Sands Road at telephone (242) 322-3015/6/7.

Letters of application submitted with copies of Degree
Certificates, Curriculum Vitae, three references, and
three passport size photographs, must be addressed
to:

The Director Of Education
The Anglican Central Education Authority
P.O. Box N-656
Nassau, Bahamas

The deadline for Application is Friday, June 29,
2007.


rMii u rU*>- OD, --W


BUSINESS


--


I .


7-71-1


- -I







FRIDAY, JUNE 8, 2007, PAGE 9B


JUNE 8, 2007


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

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WSB K (CC) lavish wedding, singer invades
(CC) the cafe. (CC)

(:45) Making: **, UNLEASHED (2005, Action) Jet Li, Bob (:45) Ocean's Entourage Dra- Entourage
HBO-E John From Hoskins, Morgan Freeman. A blind man teaches an en- Thirteen: HBO ma gets an offer. "AdiosAmigos"
Cincinnati n slaved fighter humanity. ( 'R' (CC) First Look (CC) (CC) n (CC)
Countdown to The Sopranos The Blue Comet" * WEDDING CRASHERS (2005, Comedy) Owen Wilson, Vince
H BO-P Cotto-Judah n The allegiance of those closest to Vaughn, Christopher Walken. Partygoers spend a wild weekend with a
(CC) Tony is tested. (CC) politician's family. / 'R' (CC)


Barbaro The Kentucky Derby win-* * BATMAN (1989, Action) Jack Nicholson, Michael Keaton, Kim (:45) Making:
HBO-W ner struggles with a shattering leg Basinger. The Caped Crusader vows to rid Gotham City of the Joker. n John From
injury. A (CC) 'PG-13'(CC) Cincinnati f,
(:00) * EVE'S BAYOU (1997, Drama) Jurnee A DATE MOVIE (2006, Romanco-Comedy) Alyson * GREAT EX-
H BO-S Smollett, Meagan Good. A girl's family life unravels in Hannigan. A hopeless romantic faces many obstacles PECTATIONS
1960s Louisiana. f" 'R' (CC) in her courtship. n 'PG-13' (CC) (1998) 'R' (CC)
(6:30) **' (:15) * CADDYSHACK (1980, Comedy) Chevy Chase, Rodney Dan- * X-MEN: THE LAST STAND
MAX-E TREMORS II: gertield, Bill Murray. A vulgar newcomer clashes with the country club set. (2006, Action) Hugh Jackman. ,
AFTERSHOCKS 'R (CC) 'PG-13' (CC)-
* RED EYE (2005, Suspense) Rachel McAdams, * ACCEPTED (2006, Comedy) Justin Long, Jonah (:40) *
MOMAX Cillian Murphy. A plane passenger involves his seat- Hill, Blake Lively. A college reject and his friends create FORCES OF NA-
mate in a deadly plot. 'PG-13' (CC) a fake university. n 'PG-13' (CC) TURE (1999)
(:00) * LAST HOLIDAY (2006, Comedy) Queen The Tudors "Episode 9" (iTV) Fall *', THE WEATHER MAN (2005,
SH OW Latifah, Gerard Depardieu. iTV. A terminally ill woman from grace. f, (CC) Comedy-Drama) Nicolas Cage. iTV
lives it up on vacation. 'PG-13' Premiere. t 'R' (CC)


TMC


.PA




.2M.
..-.


#?


L i I L !xJ '!\ I C


his sidekick Lrelpk put d'
S S' V'C' I< I- A+ 1
some stmf1'iles on youL r.





Bi)/ yoLu r childrenI to khe

MAc Ippy -HoLt a -MACDonald's in

Pil,,dale every Tkursday

fIomI\ 3 :30p \ to 430 pm during the

inoifI ofJ ,Lne 2007.


EnojoY Great food, Prizes and Lots of Fun.


1fi it
i'm lovin it


FRIDAY EVENING


.I


* *,' BAD NEWS BEARS (2005, Comedy) Billy Bob Thornton, Greg * s THE LONGEST YARD (2005, Comedy) Adam
Kinnear, Marcia Gay Harden. A former baseball player coaches misfit Lit- Sandler, Chris Rock. Prisoners train for a football game
tie Leaguers. f 'PG-13' (CC) against the guards. 1 'PG-13'(CC)


~~I_~~ _____~~___ I~ _I~


THE TRIBUNE BUSINESS


A""










PAGE 10B, FRIDAY, JUNE 8, 2007


THE TRIBUNE BUSINESS


COISPG


Dennis


J Tribune Comics

JUDGE PARKER


BLONDIE


An Anti-Percentage Play


East dealer.
North-South vulnerable.
NORTH
4*A104
VK 5
*QJ862
+652


NON SEQUITUR


v-|-,w.r..I | ~qu .. j1.,


TIGER


ACROSS
4 Does it clean up the nut and bolt? (6)
7 Musical entertainment, if nothing
else (8)
8 Figure to train possibly
as a flier (6)
10 Industrialist's difficult time? (5)
13 Yearn to finish up with a
six-footer (4)
14 Charge for a ring? (4)
15 A basin of water (4)
16 Mend so soundly? (3)
17 One takes no end of a chance with
her (4)
19 The boss, a capital fellow (4)
21 Sincere explanation of
the falter (9)
23 Foreigner's false start
at the tavern (4)
24 Is she to blame for the rhyme? (4)
26 Despite a bit of a
stiff back? (3)
27 River winding through
the heart of Bessarabia (4)
29 Study Sieve's stuff? (4)
32 Rent to the navy (4)
33 Taken ill, turned to crime,
apparently (5)
34 Last month's multi-mishap, all for
nothing! (6)
35 A moving picture of strife between
leading players (4,4)
36 Stick an advert in this place (6)


Yesterday's cryptic soluuons
ACROSS: 1, Rubber 7, Altitude 8, Last 10, Slacks 11,
Paying 14, Key 16, Be-lie 17, Ti-E-s 19, Mea-L-s 21,
Far-ce 22, G-rebe 23, S-1-ew 26, Agree 28, C.o.-o 29,
H-e-ated 30, Bod-ega 31, Reds 32, Alphonse 33, Danish
DOWN: 1, R-usse-t 2, Braces 3, Rats 4, Likable 5,
Pu-pil 6, Me-Rge 8, Lake 9, Sky 12, Ye-s 13, Nic-h-e
15, Verbs 18, I'm-age 19, Mae (May) 20, ACE 21,
Freedom 22, Get 23, S-odd-EN 24, Toes 25, Wra-l-th
26, A-head 27, Ramps 28, Coe 30, Bred


ACROSS
1 Explorer who had his own Falcon (5)
2 Voyage round the Pole (at a slow
pace) (5)
3 Properly, we should get 50 quid (4)
4 Frailty isn't really her name (5)
5 Being kind is so right! (4)
6 Dieted unwisely but did a top job (6)
9 The man composing a
patriotic song (6)
11 Pull oneself backwards? (3)
12' A legal right to be a foreigner (5)
13 One's deliverer is an
upright fellow (7)
15 Firewood? (3)
1 6 Took the chair in a rebellious
atmosphere (3)
18 High price of arson, perhaps, on the
fifth of November (6)
20 Choose from available lecturers (5)
21 A big success in Wichita, Kansas (3)
22 Much in association with Romeo (3)
23 Satisfied with what was badly led
out (6)
25 Dad always has money
for a mate (3)
28 Came up with a quotation from
Gertrude Stein (5)
30 Italian manor, maybe (5)
31 Seem to be turgid round a bend, as
a river (5)
32 Emit upwards for a while (4)
33 A kingly stallion? (4)


I , I


Yesterday's easy solutions
ACROSS: 1, Couple 7, Disagree 8, Drag 10, Scrape 11,
Famine 14, Ice 16, Metal 17, Espy 19, Liken 21, Camel 22
Begin 23, Drew 26, Titan 28, Tie 29, Agents 30, Silent 31,
Opal 32, Lecturer 33, Teeter
DOWN: 1, Chaste 2, Piracy 3, Edge 4, Caramel 5, Trait 6,
Rebel 8, Drip 9, Ape 12, Men 13, Nacre 15, Mimic 18,
Sprig 19, Lag 20, Ken 21, Centaur 22, Ban 23, Dilate
24, Reel 25, Wither 26, Table 27, Teach 28,
Tip 30, Sort


ACROSS
4 Calls (6)
7 Explain (8)
8 Impassive (6)
10 Collision (5)
13 Male deer (4)
14 Canvas shelter (4)
15 Celebrity (4)
16 Aged (3)
17 Slightly open (4)
19 Melody (4)
21 Remove (9)
23 Consider (4)
24 Breathe heavily (4)
26 Friend (3)
27 Manner (4)
29 Cupid (4)
32 Eyepiece (4)
33 Coarse (5)
34 Procession (6)
35 Scents (8)
36 Seven musicians (6)


WEST
J 863
VJ9642
+5
+1073


EAST
*KQ952
VAQ73
+4
+KQ4


SOUTH
+7
V 108
*AK 10973
+A J-9 8
The bidding:
East South West North
1 2* Pass 4
Pass 5 *
Opening lead three of spades.
Assume that in a given case you
have three low clubs in dummy and
A-J-9-8 in your hand, and that your
aim is to lose only one trick in the
suit. When you lead a club from
dummy and the next player follows
low, are you better off in the long run
to play the eight or the jack?
The answer is clear. The eight is a
far better play than the jack because
your right-hand opponent will be


dealt Q-10-x or K-10-x twice as
often as K-Q-x.
However, in a particular case -
such as the present one it may be
better to play the jack than the eight.
All rules have exceptions, and
today's hand illustrates one of them.
West leads a spade against five
diamonds, and South can tell from
the bidding that East almost surely
has the ace of hearts. Consequently,
after taking the spade with the ace,
drawing a round of trumps and lead-
ing a club from dummy, East follow-
ing low, South should play the jack.
As it happens, the jack wins the
trick, and when declarer then plays
the ace and another club, he winds up
making the contract because he is
able to discard one of dummy's
hearts on his fourth club. His only
losers are a club and a heart.
The reason declarer abandons the
usual percentage play is that he can-
not afford to lose a club trick to West
because he will then subject himself
to a killing heart return through the
king.
South's only real chance to avoid
two heart losers is to assume that
East has the K-Q of clubs, and he
shapes his play to cater to that
assumption.


IAR


N


E



E


N




R


The
Target
uses
words In
the main
body of
Chambers
21st
Century
Dictionary
(1999
edition)


HOW many words of four letters
or more can you make from the
letters shown here? In making 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
TODAY'S TARGET
Good 20; very good 30; excellent
39 (or more). Solution tomorrow.


DOWN
1 Decree (5)
2 Continental (5)
3 Curved structure (4)
4 Match (5)
5 Hard work (4)
6 Treble (6)
9 Plaid (6)
11 Colour (3)
12 Look fixedly (5)
13 Bands (7)
15 Miserable (3)
16 Number (3)
18 Stuck (6)
20 Complete (5)
21 Slippery fish (3)
.22 Tin (3)
23 Injury (6)
25 Fish (3)
28 Useless (5)
30 Card game (5)
31 Feeling (5)
32 Final (4)
33 Sleeve part (4)


aWb log o

onin journal]


SBy LINDA BLA


FRIDAY
JUNE 8
ARIES Mar 21/Apr 20
There's no time like the present to
take an inventory of your life, Aries.
Not happy with what you see? Make
some changes for the better. Libra is
on your side when you need help.
TAURUS Apr 21/May 21
That project you've been knee-deep in
is slowly coming to an end. However,
the results won't be what you
expected. Don't let your surprise show
to th tse around you.
GEMINI May 22/Jun 21
You'll get back in touch with a loved
one who's been estranged. The meet-
ing will be one to remember, so doc-
ument it on film or video. Ask others
to witness the event.
CANCER Jun 22/Jul 22
Lack of energy will result in a sur-
plus of work for you to do. It's best
if you muster up some strength to get
things done one at a time. Ask a
friend to help you out.
LEO Jul 23/Aug 23
There's an adventure in store for
you, Leo, but there's just no way of
'knowing when it will crop up. Keep
your calendar clear for unexpected
events this week.
'VIRGO Aug 24/Sept 22
You've struck out in the romance
department a number of times,
Virgo, but this week you'll meet
someone special unexpectedly -
and without even trying.
LIBRA Sept 23/Oct 23
Your star continues to shine at work,
Libra. Supervisors can't say enough
nice things about the job you're
doing. Use this praise to your advan-
tage ask for a raise.
SCORPIO Oct 24/Nov 22
You haven't had much rest lately,
Scorpio, or time to yourself. Now is
the time to indulge in a little R&R.
Set out for a mini vacation to
recharge and unwind.
SAGITTARIUS Nov 23/Dec 21
Feeling like the walls are closing
in on you, Sagittarius? Don't
worry, you're not alone. This
rough patch will resolve itself by
the end of the week.
CAPRICORN Dec 22/Jan 20
After a much-needed break, you're
ready to once again begin your hectic
lifestyle and pace. You may want to
enjoy a few more days of relaxation
this week.
AQUARIUS Jan 21/Feb 18
Although you feel like you've been
acting generously, Aquarius, others
see you as being a tad on the selfish
side. Reassess how you've been
pitching in with the workload.
PISCES Feb 19/Mar20
You finally get to the heart of a
medical matter, Pisces, and find
relief. Enjoy the good news with a
night out on the town.


ICHSS yLo nard Bar:den


Vassily Ivanchuk v Loek van
Wely, Monaco Amber. It's a
peculiar event. The
grandmasters play for a massive
prize fund of more than
E200,000, put up by the chess-
loving computer millionaire Jaap
van Oosterom, who resides in
Monaco. Amber is the name of
his daughter, an infant when the
tournament was launched and
now a teenager. Half the games
are rapid, that's approximately
half an hour on the clock for all
your moves, the other half are
van Oosterom's version of
blindfold play. The GMs sit
facing a computer screen which
is empty apart from a
chessboard (no pieces shown)
and the opponent's latest move.
Well, the euros are quite an
incentive and the regular
invitees have become proficient
at the blindfold version, though


iw


O.379


;A h c d i g i
it's the rapid which produces most
of the tactical finishes illustrated
by today's puzzle. White (to move)
is just a pawn up, and af'.erthe
obvious 1 Qxc7 Ivanch'uk would
have difficulties in converting the
advantage. Instead he found a
different sequence which quickly
forced the Dutch Nol to resign.
What happened?
LEONARD BARDEN


Chess solution 8379:1 ReRt! Kg7 2 Ne6+l fxeG 3
Re7+ wins the queen.
Mensa ouir: Thp wnrdrs are FMRI FM FARWIr


APARTMENT 3-G


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THE TRIBUNE


PAGE 12B, FRIDAY, JUNE 8, 2007


. .
4,Photos of the'WinneM rs~ IlbepUblshed
P'-ictures of prize for. iustatilve purposes only.
Sandpimedlitefamilies arenot igible. PhotoID qred to ollectprizes.


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
The Free National
Movement (FNM)
government will
review the recently amended
sports fishing catch limits,
implemented in January 2007,
to determine whether they
should remain, the Minister of
Agriculture and Fisheries said
in his contribution to the 2007-
2008 Budget debate.
Larry Cartwright told mem-
bers of the House of Assembly
that sports fishing was an
important aspect of the
Bahamian fishing industry and
its management, and the catch
limits had economic implica-
tions for local communities and
commercial fisheries, plus the
sustainability of marine
resources.
He added that the new
sports fishing limits signifi-
cantly reduced the previous
limits, and changed the restric-
tions to catch per vessel rather
than catch per person.
"In that these changes have
been perceived by foreign
boaters and some marina oper-
ators as unfair to them, as a
user group, a consultative
review of the sportfishing sec-
tor to include an improved reg-
ulatory regime is being under-
taken by my ministry and rele-
vant stakeholders. The current
regulations have been
reviewed and are being
revised," said Mr Cartwright.
Currently, the limits estab-
lished by the former Agricul-
ture Minister, Leslie Miller,
are:
Crawfish, from six persons
per day to six per vessel per
day


LARRY CARTWRIGHT
Conch, from six per per-
son per day to three per vessel
per day
Snapper, groupers, grunts
and other demersal fish from'
20 pounds per day to 20,
pounds per vessel per day
Mahi mahi, kingfish and
.wahoo from six per person per
day to six per vessel per day
Also, all fish retained must
have their head and tail intact
until landed ashore. This
would facilitate identification
and eliminate the production
of fillets while a vessel is at sea.
Many United States sport-
fishermen had called for a boy-
cott of the Bahamas following
the amendments, saying the
low limits did not justify the'
amount of money they spent
in fuel and expenses to come
here.
Russell Miller, president of
the Bahamas Hotel Associa-
tion, had told Tribune Busi-
ness immediately following the
May 2 general election that the
body hoped the new govern-
ment would review the amend-
ments.


STELLA MARIS AIRPORT, from pg 1
at Deadman's Cay and at Duncan Town," Mr Cartwright said.
"Bahamasair has not been able to access the strip at Stella Maris
for almost 18 months, bringing much hardship to residents in
north Long Island. The construction of a new apron without
consideration for drainage has caused back-up flooding as a
result of the recent torrential rains."
Mr Cartwright also used his contribution to highlight some
of the measures that will be put in place under the Bahamas
Agricultural and Industrial Corporation (BAIC), for which he
also has ministerial responsibility.
These include increased handicraft supply and training, and
expansion of the agricultural sector.
Further, Mr Cartwright said the research unit of BAIC will con-
tinue to build and maintain a database of information on the
Bahamian market, inclusive of producing business profiles.
He explained that economic profiles will also be developed on
each island, so that potential investors would be able to under-
stand the economic situation and potential of each island.
Mr Cartwright added that there were several initiatives that are
under research, including a dry coconut de-husking profile,
charcoal production, production of jams and pepper sauce pro-
files ,and research information on a bagging machine for agri-
cultural productions.


100 JAMZ & RON RICARDO'S $20,000




Secret Sound


Guess 100 JAMZ & Ron Ricardo's

Secret Sound & you'll win
Listen to 100 JAMZ for your chance

to play


Clues w1ilstrt n ThemTr~ibune on June 1 1,2007


BUSINESS


Government



set to review



sports fishing



catch limits
f


IIll l