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Permanent Link: http://ufdc.ufl.edu/UF00084249/02917
 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: 6/15/2007
 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_02917
System ID: UF00084249:02917

Full Text








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The


Tribune


Volume: 103 No.169 FRIDAY, JUNE 15, 2007 PRICE- 750


RON RICARDO and I11 "


$20,000 SECRET SOUND
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Member of legal team
believes documents

filed over Marco City


* By KARIN HERIG
Tribune Staff Reporter
THE PLP yesterday may
have started the process of con-
testing one of four seats in the
election court, and is expected
to commence with the other
cases sometime today.
Wayne Munroe, a member of
the PLP's legal team in these
cases, told The Tribune yester-
day that he believes that the
necessary documents to begin
contesting Marco City the seat
currently held by Finance State
Minister Zhivargo Laing were
filed with the Supreme Court
yesterday.
Documents needed to con-

MP questions
increases in
local govt
allocations
By BRENT DEAN
Tribune Staff Reporter
MICAL MP Alfred Gray
questioned whether the
increases in local govern-
ment's recurrent allocations
for the coming fiscal year are
designed to reward con-
stituencies that voted for the
FNM, while providing sig-
nificantly less to those areas
that supported the PLP a
suggestion the Minister of
State for Finance, Zhivargo
SEE page 11


test the other seats Golden
Isles, Sea Breeze and Blue Hills
- are expected to be filed today.
The PLP officially have three
more days, until Monday, June
18, to file their petitions to con-
test seats won by the FNM in
the May 2 general election.
"I'm made to understand
that the application for leave
regarding Marco City might
have been filed (yesterday), the
others may be filed (today),"
Mr Munroe said.
Explaining the procedure of
contesting constituencies in an
election court, Mr Munroe said
SEE page 11

Twenty-year-old
stabbed to death
THE country's murder rate
climbed to 39 last night when a
20-year-old man was stabbed to
death in the Fox Hill area.
According to police reports, the
20 year old was standing in front
of the Juju Tree Club on John-
son Road with three other men.
Around 6pm, the young man
suddenly fled the club on foot
with three men in pursuit.
"The group of men chased him
to Bartlett Street where they
caught him and stabbed him to
the left side of his chest," press
liaison officer Asst Supt Walter
Evans said.
The 20 year old was rushed to
Princess Margaret Hospital, but
was pronounced dead shortly after
arrival.
The three men were still at
large at presstime last night.
Police investigations into the
matter continue.


r,~~~~~~~~~- g~~~~ SB~kl a L _1 -~I
N PRIME MINISTER Hubert Ingraham (left) and Opposition Leader Perry Christie in the
House yesterday.


* By BRENT DEAN
Tribune Staff Reporter
THERE will be further changes in the public
service at the permanent secretary level, Prime
Minister Ingraham said yesterday during the final
stage of the budget debate in the House of Assem-
bly.
His statement came after Opposition Leader
Perry Christie pressed him for details surrounding
the recent shuffle and reassignment of these pub-
lic servants.
Mr Christie asked the prime minister to inform
the House who the permanent secretaries were


(Photo: Tim Clarke/Tribune staff)
who had been transferred from ministries to the
cabinet office. He also wanted to know what the
responsibilities of those individuals would be.
Along with presenting the full list of perma-
nent secretaries, the prime minister told the House
that Creswell Sturrup, Dr Patricia Rodgers and
Jacqueline Murray are currently assigned to the
cabinet office, information that was made public to
the press over a week ago.
The prime minister said that although the pub-
lic service needs only one permanent secretary
for each ministry, remaining officers who have
SEE page 11


KELLY'S DONATES Kelly's Home Centre, Marathon Mall, donated $20,500
yesterday to purchase a dialysis machine for the Princess Margaret Hospital's dialysis
unit. Picture (left to right) Mr Barry Packington, financial controller of Kelly's; Sean
D. Moore, marketing manager, The Tribune; Mrs Nancy Kelly, executive vice presi-
dent of Kelly's and her husband, David Kelly, president of Kelly's.


Ingraham:

support

for PLP

shrank in

election
SBy PAUL TURNQUEST
T1ibune Staff Reporter
SUPPORT for the PLP
shrank in the May 2 general
election, allowing the FNM to
win with more than a 18,000
voter swing, Prime Minister
Hubert Ingraham told the
House of Assembly.
Mr Ingraham, who was mak-
ing his closing Budget contri-
bution yesterday, said that there
must be "no mistake" about it,
the PLP lost the election.
SEE page 10

'End in sight'

for Morton

Salt dispute
E By ALISON LOWE
Tribune Staff Reporter
AN END is in sight for the
Morton Salt industrial dispute
as Minister of Labour and Mar-
itime Affairs Dion Foulkes said
yesterday he thinks there could
well be agreement on the lat-
est "position" by next week.
Speaking with The Tribune
yesterday, Mr Foulkes said he is
confident that both camps will
look positively on the terms of
SEE page 11


Kelly's donates $20,500
to dialysis campaign
TO CELEBRATE its eightieth anniversary
Kelly's Home Centre has donated $20,500 to the
Kidney Dialysis Cartpaign. which hopes to raise
$164,000 to provide eight much needed dialysis
machines for the Princess Margaret Hospital.
The $20,500 donation will provide the hos-
pital with a complete dialysis unit that will
include installation;, training of staff, and one
year of technical support.
"At Kelly's, we believe in giving back to the
community," said Mrs Nancy Kelly, executive
vice president of Kelly's. "We've been very for-
tunate as a business and gladly give back as a
matter of interest to the community that sup-
ports this business year-round."
SEE page 11


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Programmes being



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shortage of nurses


* By ASHLEY THOMPSON
THE Nurses Association of
the Commonwealth of the
Bahamas says there is a shortage
of nurses in the country.
Prescola Rolle, president, said
this is nothing new and the short-
age has been going on for some
time.
Countries such as the United
States are known to attract nurs-
ing students from a number of
developing countries due to bet-
ter salaries, better opportunities,
and by placing nurses in various
training programmes quickly.
The nursing shortage creates
difficulties where institutions


lOMIN GO


IC- I


"We especially have a shortage
of male nurses. Our community
has a misconception where
they consider male nurses to be
soft men."
Prescola Rolle, president of the Nurses Association
of the Commonwealth of the Bahamas


must look for nurses available to
work overtime and to take on
double shifts. This causes some


pS





S'OOn'l


nurses to become burnt-out.
To counteract this problem
and continue having optimum
patient care, different pro-
grammes are now being imple-
mented in the Bahamas to per-
suade nurses to remain after they
finish training.
One is the male nursing initia-
tive programme.
Julian Munnings, the nursing
officer promoting this pro-
gramme, said the programme is
not running yet, but the objec-
tive is to inspire men in the coun-
try to get involved with nursing.
"We especially have a short-
age of male nurses," said Ms
Rolle. "Our community has a
misconception where they con-
sider male nurses to be soft
men."
She said this state of mind is
discouraging, especially as male
nurses are important to the pro-
fession. They have been seen to
have a great impact on patients
and, in fact, are often preferred
by female patients.
Incentives the government is
offering include post-basic cours-
es which include midwifery and
psychiatric courses.
In addition to these courses,
the government is creating more
opportunities to allow nurses to
expand into administration and
education.
Negotiations are also in place
to improve the salary and bene-
fits erf.thehursesi: :


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THE TRIBUNE


PAGE 2, FRIDAY, JUNE 15, 2007


'


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FRIDAY, JUNE 15, 2007, PAGE 3


THE TRIBUNE


OAL


0 In brief

Man fined
after guilty
plea to drug
possession


A MAN, 36, of Pinewood
Gardens, was fined $4,000
after pleading guilty to pos-
session of cocaine.
Tyrone Newbold was
arraigned in magistrate's
court yesterday.
It was alleged that New-
bold, on Wednesday, June
13, was found in possession
of a quantity of cocaine
which authorities believed
he intended to supply to
another.
According to the prosecu-
tion, Newbold was found in
possession of six grams of
cocaine.
Newbold, who was
arraigned before Magistrate
Susan Sylvester at Court 11,
Nassau Street, pleaded guilty
to simple possession and was
fined $4,000.
Failure to pay the fine
would result in a four-month
prison sentence.


Venezuela
weighing
purchase
of Russian
submarines
* CARACAS, Venezuela
VENEZUELA is studying
buying Russian submarines that
would transform the South
American country into the top
naval force in the region, a mil-
itary adviser to President Hugo
Chavez said Thursday, accord-
ing to Associated Press.
Gen. Alberto Muller,
responding to a Russian news-
paper report that Chavez plans
to sign a deal for five diesel sub-
marines, said the government
is "analyzing the possibilities"
but that the money has not yet
been set aside.
Venezuela has already pur-
chased some US$3 billion worth
of arms from Russia, including
53 military helicopters, 100,000
Kalashnikov rifles, 24 SU-30
Sukhoi fighter jets and other
weapons.
Washington, which calls
Chavez a destabilizing threat to
the region, has voiced strong
concern about those deals.
The Russian business daily
Kommersant said Chavez
would sign an initial contract
for five Project 636 Kilo-class
diesel submarines during a trip
to Moscow starting June 29 with
the possibility of Russia sup-
plying four state-of-the-art Pro-
ject 677 Amur submarines later.
. Muller told The Associated
Press that those proposed pur-
chases would make Venezue-
la's navy the strongest in the
region.
"Venezuela is interested in
examining within a strategic
context the possibility that these
submarines fit our defense
plans," Muller said.
Muller said Venezuela's pri-
ority is to strengthen its navy,
which "is not of sufficient mag-
nitude to defend Venezuela's
coast and to ensure (the safe-
ty) of routes by which its
exports leave." Venezuela is the
world's eigth-largest oil
exporter.
Russia has also angered the
United States by selling
weapons to Syria and Iran and
any additional deals with
Venezuela would likely further
strain U.S.-Russian relations,
which are broadly seen as hav-
ing plunged to their lowest point
since the Cold War.


Share
your

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


* By ALISON LOWE
Tribune Staff Reporter
THE Attorney General's
Office has been called upon
to take "drastic measures"
to ensure persons charged
with murder are not granted
bail in light of escalating
crime rates.
With a backlog in the
courts "too many people
charged with murder are
being allowed to go free
before a trial date can be
set" with the result that
more murders are being
committed, according to
Families Against Murder
(FAM), a murder victims
advocacy group.
FAM claims it is the wide-
ly debated judicial backlog
that has created unique cir-
cumstances which would, for
the greater good of the
Bahamas, necessitate a
breaking away from the con-
stitutional requirement -
adhered to in many other
countries that accused per-
sons must be permitted bail
if they cannot be tried with-
in "a reasonable period of
time."
The group believes this
should occur even if it
means innocent persons
accused of murder have to
incur long pre-trial deten-
tion periods prior to being
able to defend their name -
as the group say there are
more persons negatively
affected by the bailing of


M By NATARIO McKENZIE
A MAN in his late twenties was killed in a
car crash on Exuma on Wednesday night and
a second man was left seriously injured,
according to island police.
This latest traffic fatality is the country's
.21st for the year.
Chief Supt Willard Cunningham told The
Tribune yesterday that the incident took place
around 9.20pm Wednesday on Queen's High-
way near the "fish fry" in George Town, Exu-
ma.
Reports indicate that two men in a white
1997 Nissan Maxima were travelling east when
the car hit a tree on the northern side of the
road.


Victims advocacy group asks

AG's Office to take action


persons accused of murder
than there are innocent peo-
ple wrongly charged.
Yesterday, despite being
unable to give exact figures,
Assistant Commissioner
Ellison Greenslade con-
firmed that a "high percent-
age" of serious crimes are
indeed committed by bailed
persons.
The officer said he has
recently directed officers to
compile data for the Com-
missioner to survey, adding
that the police chief could
be expected to speak on the
issue shortly.
The mother gave an emo-
tional statement to the press
in which she said she was
frustrated that so far no-one
has "heard the call" for a
review of the law that she
has been trumpeting for
over a year.
Ms Scott said: "I don't
deserve to live in fear. I
haven't done anything. No-
one here deserves to live in
fear.
"Our laws should be if
someone does something
against the law we should be
able to carry them through
the system.
"And when the system
fails you feel like you can
trust nobody. And that's


where I'm at right now."
Both she and Virgil Light-
bourne, another group mem-
ber, whose mother was mur-
dered in 2002, have urged
the public not to wait until it
is someone they know who


According to Chief Supt Cunningham, the
car was being driven by Delton Morley, 24, of
The Ferry, Exuma, who was accompanied by
Jermaine Moss, 28, of Grand Bahama.
Moss reportedly died at the scene of
the crash. Morley was airlifted to New
Providence to be treated in hospital for his
injuries.
The vehicle was extensively damaged.
Mr Cunningham would not speculate on
the cause of the crash but noted that police are
"exploring all avenues" in their investigation.
He expressed disappointment that the two
men were apparently not wearing seat-belts at
the time.
He noted that this was the first traffic fatal-
ity on Exuma in about three years.


lcm, this will take a while,
and meanwhile more imme-
diate action must be taken,
say the group.
People's constitutional
rights to life, liberty and
security are being violated
when those accused of mur-
der are allowed to go free
on bail, said Ms Scott.
Pastor Moss, an adviser to
Families Against Murder,
who has ministered to a
number of bereaved fami-
lies, said that while the
group is aware a change in


the Act would not "stop al,
minrde s., it Would "1o
long way" in curbing thc
number of retaliatory acts
committed by accused per-
sons who feel they have
"nothing to lose, and there-
fore act without remorse."
The group is looking to
meet with the Attorney
General, Clare Hepburn,
shortly to discuss their con-
cerns.
Messages left for Ms Hep-
burn yesterday were not
returned up to press time.


T0~


ASSISTANT Commis-
sioner Ellison Greenslade con-
firmed that a 'high percen-
tage' of serious crimes are
indeed committed by bailed
persons

gets killed to join in their
call for a judicial review.
While action to speed up
the court system would
address the root of the prob-


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- s-BP~~-a_ ar~il ___1


- --






THE TRIBUNE


PAGE 4. FRIDAY, JUNE 15, 2007


, IA -TT EITOR


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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352


A look at press freedom in Bahamas


IN THIS column yesterday we told of the
international uproar caused when the PLP tried
to suppress free speech. The year was 1968 -
the PLP government's second year in office.
It was the year that international editors took
off their rose-tinted glasses and for the first
time saw the PLP for what it really was. Up to
that point, as far as the foreign press was con-
cerned, the PLP could do no wrong. But from
that year on it was difficult for the PLP to do
anything right they had critics aplenty.
On June 8 a week ao- when PLP MP
Philip Davis advised th find ways to
punish a "biaseW* prf, hrfted:ipages
40 years back to 1968.
Although The Tribune and its supporters
won that particular battle, the PLP never let the
press; f1Thp Tribune.
In eVer'y way posstbe _-' especially behind
closed Immigration doors where for a number
of years they even denied a work permit to the
husband of the publishesrsf this newspaper -
they tried-to close this newspaper down. Of
course, they failed.
The year 1992 not only brought in the first
FNM government. bu i bad an amusing
sequel. It l fathe y f t Sir t'den Pindling
tried to project himself as the protector of a free
press. We still haven't stopped laughing.
On March 29, 1993, under the heading "The
unmasking of an imposter," part of what we
wrote is reprinted below:
"WERE IT LEFT to me to decide whether
we should have a government without news-
papers, or newspapers without government, I
should not hesitate a moment to prefer the lat-
ter," wrote Thomas Jefferson in a letter to a
friend.
Not so, Sir Lynden Pindling. Today, as
Opposition leader, he is posturing in the
uncharacteristic role of champion of a "free
and vibrant press in the Bahamas."
If Sir Lynden and his government had had
their way, they certainly would have rid them-
selves of The Tribune. They tried hard, but
they failed.
And when the battle was done, it was Sir Eti-
enne Dupuch, then editor of this newspaper,
and not Sir Lynden, who was the acknowl-
edged champion of press freedom.
In October, 1968 the Inter American Press
Association presented Sir Etienne with the
IAPA-Mergenthaler award "in recognition of
meritorious public service in defence of free-
dom of the press... in his vigorous campaign
against a (PLP government).bill which was also
opposed by the IAPA because somiie of-its
clauses restricted press freedom."
"I have fought too long and too hard for
freedom of expression and I will not stand by
now as long as there is breath in my body and
see it abridged and not utter a word in protest,"
Sir Lynden told a PLP rally last week.
No, Sir Lynden, it was your government


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289 Market St. South P.O. Box N-7984 Nassau, Bahamas
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that was always the oppressor of those pre-
cious freedoms. Ask the members of the former
Opposition, who struggled to be treated fairly
by the government-owned radio and television
station. All they wanted was equal time over
the airwaves to present a different point of
view.
If the voice of Carlton Francis, a former Pin-
dling Cabinet minister about whose wasting,
dying figure Sir Lynden sneered that he could
see his "three-piece suit... but all you could see
was suit" could be heard beyond the grave,
he would tell Bahamians what happens to a
person who dares to think or vote indepen-
dently of the "Chief."
Even Prime Minister Hubert Ingraham, him-
self a former Pindling Cabinet minister, is a
prime witness to the persecution meted out to
anyone who dared express any idea contrary to
Sir Lynden.
If Mr Ingraham had not been determined to
be his own man, with the right to freedom of
thought and speech, he might still be in the
Pindling Cabinet, his free speech muzzled.
Instead he joined those of us who were deter-
mined to keep democracy and all its freedoms
alive in the Bahamas. And on August 19th last
year (1992) the forces of freedom beat back
25 years of oppression.
Sir Lynden told his followers that he had
"fought too long and too hard for freedom of
expression." Maybe he should have also told
them whose freedom of expression he was fight-
ing for. Certainly it was for no one who dared
have a point of view at odds with his own.
And no institution was harder hit, or had a
tougher battle for survival with its freedoms
intact than The Tribune.
After Mr Cyril Stevenson had retired from
Government -he headed Government Infor-
mation Services from 1970 to 1985 he said
that while he was in office he received specific
instructions from the Prime Minister's office
- and other ministries that he was to delay
giving news releases to The Tribune, adding
that "some information was never made avail-
able to The Tribune."
These instructions were right out of the office
of the man who today would have Bahamians
believe that he was the champion of free
expression. He is just lucky that The Tribune
had the will to fight and the perseverance to
stay the course or today, in Opposition, he
would not be free to talk such foolishness.
"Another shocking example of news sup-
pression," wrote Mr Stevenson for publication
in 1986, "has been demonstrated on so many
occasions by the (Pindling) government's hos-
tile attitude towards The Tribune because of its
aggressive policy dealing honourably with its
readers by printing all the news, suppressing
nothing of importance whether or not such
news is highly critical of the government.or
whether it counters the beliefs or prejudices
of its owners."


The leadership





styles of Christie





and Ingraham


EDITOR, The Tribune.
IN THE Beautiful Book, St
Paul, in one of his letters to the
Philippians, wrote the following:
"He who has begun a good work
in you will bring it to comple-
tion." With those words of St
Paul as the theme, I would like
to give some thoughts and
reflections on the recent elec-
tion campaign of 2007.
Before I do so, editor, please
allow me to make a brief com-
parison between the leadership
styles of the two leaders of the
major political parties; namely
the Rt Hon Hubert A Ingraham
(present Prime Minister) and the
Hon Perry G Christie (former
Prime Minister).
At the outset, let me say that I
have known both of these gen-
tlemen for more than 20 years.
Over the years, I grew to
respect them both for their polit-
ical beliefs and their integrity in
public life.
Twenty years ago to the year
both of these two good gentle-
men were in a fight for their
political lives, when they both
ran as Independents following
their ouster from the PLP, which
was headed at the time by the
late Sir Lynden Pindling. By
winning their seats, both sur-
vived the election campaign of
1987.
If I am not mistaken, the win
by Ingraham and Christie in
1987 marked the first time inde-
pendent candidates won their
seats during the Pindling years.
I believe that the Election
Campaign of 1987 established
both of these two fine Bahamian
sons as legitimate contenders to
the office of Prime Minister. At
the time, I remember telling
some of my taxi driver col-
leagues that Hubert Ingraham
would succeed Prime Minister
Pindling as the next Prime Min-
ister of our country. Most of
them did not believe me. How-
ever, one of the senior drivers
did agree with me. This driver
was taxi #51, the late Gladstone
Christie, the father of the now
former Prime Minister. Twenty
years ago, Mr Christie (taxi #51)
recognized our present Prime
Minister as in his words, "Prime
Minister material." What was
most interesting was the fact that
he did not see the same potential
in his son. Later, after Hubert
Alexander Ingraham became
Prime Minister, Mr Christie (taxi
#51) would tell me why he did
not believe his son could become
Prime Minister.
I said earlier that I wanted to
compare the leadership styles of
the Rt Hon Hubert A Ingraham
and the Hon Perry G Christie.
One can get an understand-
ing of the difference in leader-
ship styles of the two men by


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taking a look at their political
conduct during the period from
1987-1992.
Following their successful
campaign in the 1987 election,
both of them were invited by the
late Sir Lynden to return to the
PLP.
While Christie elected to
accept, Ingraham opted to go in
another direction. In my opin-
ion, this was the defining
moment for these two men as
leaders.
The decisions- they made
established the type of leaders
they were to become. One
sought to become a leader by
traditional means, while the oth-
er sought to become a leader on
his own terms. The timing was
right and the political climate of
the early 90's was ripe for
change.
When the FNM approached
Hubert Ingraham to join their
party, he was able to pretty
much write his own ticket. He
joined as Deputy Leader, and
later became leader.
When the FNM won the gov-
ernment in 1992, Hubert
Alexander Ingraham was their
leader. Allow me now, to say
why the PLP lost and why the
FNM won the government in the
last elections.
As one who has come to know
the truth, I am very simple mind-
ed when it comes to the under-
standing of leadership.


The leadership of the PLP was
responsible for their defeat at
the polls. The Hon Perry G
Christie and the PLP lost the
recent elections because they
squandered the political capital
of the last 40 years by failing to
solidify their base which is made
up of taxi drivers and the work-
ers. Indeed, TU.C President,
Obie Ferguson, made the obser-
vation that this was the first time
in recent memory that Labour
was not courted by the major
political parties.
In addition, there seemed to
be a lack of unity among PLP
candidates, which in my view,
caused confusion in the con-
stituencies. While the PLP
seemed unprepared to win the
elections, the Rt Hon Hubert
Ingraham and the FNM seemed
very much prepared to win.
Their campaign strategy was
focused. As leader, the Rt Hon
Hubert Ingraham simplified the
whole campaign issue by offer-
ing the electorate a choice of
leaders.
Did the voters want a shuf-
fling Prime Minister or a seri-
ous Prime Minister? At the end
of the day, the choice for the
serious voter was a no brainer.
In closing, I wish to congratu-
late the Rt Hon Hubert Ingra-
ham on his victory.
We in the PSDU wait to see
the completion of the good work
that was started when he was
first elected in 1992.

RICHARD JOHNSON Sr
Nassau,
May 18, 2007.


Relieved as Al Jarrett

leaves Bank of Bahamas
EDITOR, The Tribune.
I AM relieved to see that Al Jarrett was relieved of his position
at the Bank of The Bahamas. I am baffled as to why he felt it was
his duty to make the rounds on the radio stations promoting the for-
mer government's propaganda and at, the same time holding the
post of chairman at the bank.
At times it became almost unbelievable listening to this man spit-
ting out the garbage on what a great party the PLP is and how great
the country was being managed. I submit that if this man were smart
he wouldn't have allowed himself to be set up by Wendall Jones,
Steve McKinney and Jeff Lloyd.
Clearly Mr Jarrett ought to understand that he should have act-
ed neutral and keep his personal opinions to himself, while head-
ing a bank where the people of the Bahamas owns 51 per cent of the
shares.
In conclusion, I would imagine that he would again make the
radio rounds claiming that Prime Minister Ingraham has victimised
him.
PAT STRACHAN
Nassau,
June, 2007.


PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, PATRICE CECILIA
ANN COOPER the mother SYNDERA ONIQUE COOPER,
intend to change the surname of my said daughter from
COOPER to MclNTOSH. If there are any objections to
this change of name by Deed Poll, you may write such
objections to the Chief Passport Officer, P.O.Box N-742,
Nassau, Bahamas no later than thirty (30) days after the
date of publication of this notice.


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THE TRIBUNE FRIDAY, JUNE 15, 2007, PAG


m m s A A'4


0 In brief

Job fair is
planned for
construction
Workers

BAHA Mar Development
Company is conducting a job
fair on June 18 and 19 from 8am
to 4pm in New Providence at
the Kendal G L Isaacs Gymna-
sium and on June 21 at the Fos-
ter B Pestaina Centre, Christ
the King Church in Freeport,
Grand Bahama.
The purpose of the job fair is
to register all eligible Bahamian
construction workers for the
Baha Mar project which is
expected to employ more than
5,000 construction workers.
As a result of the job fair
those registered will be posted
in a master database that is
made available to all contrac-
tors (local and international)
working on the project.
Both Baha Mar and the
Department of Labour will
have access to the database as it
relates to available resources
across the construction trades.
"We are very excited about
this job fair. This is a start in a
good direction for us in securing
the country's finest construc-
tion workers to make our pro-
ject a shining example for the
Caribbean." said Robert
"Sandy" Sands, vice-president
of the Baha Mar and Cable
Beach Resorts.
Mr Sands explained that per-
sons put in the database, not
only stand a chance of working
Son the Baha Mar project, but
will also be called upon in the
.'. future by the Department of
Labour.
"1 think this is a wonderful
opportunity for our construc-
tion workers and I hope they
' will all come out to our Job Fair
and take full advantage of it,"
he said.
Baha Mar is committed to
assisting all qualified Bahami-
ans in receiving an opportunity
to work on this massive con-
struction project upon com-
mencement, the company said.

Correction
over story's

headline in
Tribune
A STORY appearing in the
June 14 edition of The Tribune
was incorrectly headlined
"Foulkes condemns Christie for
having part-time minister."
Instead the headline should
have read: "Bethel condemns
Christie for having part-time
minister."

Puerto Rico
investigation
into doctors'
licences
E PUERTO RICO
San Juan

AN investigation into irregu-
larities on Puerto Rico's med-
ical licensing board suggests
dozens of doctors have acquired
their credentials through fraud,
IV *a congressman said Tuesday,
according to Associated Press.
S, The House Health Commit-
S tee last month began investi-
gating allegations that the med-
S ical board altered the results of
? low-scoring tests and awarded
S licences to candidates who did
not qualify.
S "What we have before us is a
*. clear picture of a group placing
our children's and all Puerto
Ricans' health at risk by sending
," people into the medical field
who don't meet the require-
Sments of such an important pro-
Sfession," said congressman
SGabriel Rodriguez Aguilo,
Chairman of the committee.
The allegations surfaced dur-
ing an unrelated probe of med-
Sical malpractice complaints in
Sthe US Caribbean territory, and
the committee began holding
hearings a month ago to ques-
tion board members. So far, at
Least three doctors have been
Suspended, members said.
*, Health Secretary Rosa Perez,


testifying before the panel, said
. the entire nine-member med-
p ical board should be fired. The
r members were nominated by
> the island's governor and
approved by the Senate.
,.' Committee members said
they have confirmed at least 13
cases of fraud but have not
. released details. Congressman
* Rafael Garcia, a former Health
. Committee member, said the
* US Attorney's office has opened
, an investigation into another 27
U cases, but a spokeswoman for
'. the federal prosecutor's office
declined to comment.


Christie condemns




of officer heading


* By BRENT DEAN
Tribune Staff Reporter
OPPOSITION Leader Per-
ry Christie lashed out in par-
liament at Prime Minister
Hubert Ingraham for remov-
ing Assistant Commissioner
Marvin Dames from his post
as officer in charge of airport
and port security.
Giving his budget contribu-
tion in the House of Assem-
bly on Wednesday, Mr Christie
charged that there was political
interference by the new FNM
government in Mr Dames'
move and the other recent
transfers within the police
force.
"I have noted with consid-
erable interest the recent trans-
fers of senior officers at the
Royal Bahamas Police Force.
These transfers have come


immediately after major struc-
tural adjustments were made
to the force and officers
assigned to particular posts. It
has become patently obvious
to me that the new govern-
ment has decided to cause
these changes to be made.
"I must so conclude because
I was satisfied that the com-
missioner of police several
weeks ago had completed his
appointments, which I
would have thought would
not have been affected by a
change of government," he
added.
Mr Christie said that the
decision to place Mr Dames in
his former post of port and air-
port security chief was an
"excellent" one.
He pointed out that a per-
son of Mr Dames' expertise
is needed to safeguard the


gateways of the Bahamas -
especially in light of the
major expansion of the
Bahamian economy as a
result of the his governmen-
t's anchor project policy, and
the new requirements for
security by the American
government after the Sep-
tember 11 attacks.
Referring to Mr Dames, the
PLP leader said: "I had the
opportunity to personally
speak with him on this issue
and anticipated that he would
have been allowed to perform
such a valuable service to the
country."
The latest wave of police
transfers, which made Mr
Dames the head of the New
Providence district, comes two
months after major changes
were made to the upper and
middle management of the


force under th
istration.
The change
reversal of p
ments in som
raised conc
autonomy of t
of Police.
Chief Supe
Hanna, in any
ond wave of ti
acknowledged
the executive
ences the poli
"I want to s
an public, th


THE Registrar General's
Department will soon imple-
ment a system that will rep-
resent a "revolutionary
advance" in the companies'
registration process, Minister
of State in the Ministry of
Legal Affairs Desmond Ban-
nister told the House of
Assembly during the budget
debate.
Mr Bannister said that the
Registrar General's Depart-
ment has made "tremendous
strides in automation since the
automation project began in
the early 1990s under the first
FNM administration."
Both the.companies' reg-
istry and the civil registry have
been automated in various
phases, he said.
The department will now
soon be testing and imple-
menting its 'Process Improve-
ment Solution'.
Once tested and imple-
mented this system will be
involved in the electronic reg-
istration of company docu-
ments immediately upon sub-
mission, the state minister
said.
Mr Bannister explained that
registered agents will be
allowed to file documents
online. Once the document is
in the system, the Registrar
General will then be able to
electronically sign it.
This, he said, will reduce
the turnaround period for
incorporation of companies
and will produce a more effi-
cient companies system.
"Process improvement will
necessitate that a proper reor-
ganisation of the staff be
undertaken so that the best
talent is utilised in the most
effective areas. Measures will


* DESMOND Bannister

also be taken to svslemise and
improve the filing system for
companies," Mr Bannister
added.
The Civil Registry Infor-
mation Systems (CRIS)
includes the births and deaths
registry, the marriage registry
and the deeds and documents
registry.
Births and deaths are cur-
rently registered electronically.
Mr Bannister said that the
registration of births process
will also "soon be made more
convenient for the public."
"It is envisaged that the
Registrar General will estab-
lish in conjunction with the
Hospital's Authority on-site
registration stations at the
Princess Margaret Hospital
with staff of the Registrar
General who will be able to
electronically register births
at the hospital, and thus facil-
itate members of the public
while they are still in the
maternity ward.
"A new mother will thus be
able to receive a birth certifi-
cate before she leaves the hos-


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of direction, and and control of the Royal
portfolio assign- Bahamas Police Force.
e instances, have "However, we do not wqrdt
erns about the in a vacuum. When a goverT*
he Commissioner ment comes to power, a gov- .
ernment promulgates its poli-
rintendent Hulan cies and its philosophies. When
bouncing th4 sec- a government demits office, cer-
ransfers last week, tain policies may fall away. Th '
d that the will of Royal Bahamas Police Force
sometimes influ- cannot be in the business of
ice force. being so inflexible that it cannot
ay to the Bahami- reflect the policies of a govern-
at for all intents ment," Mr Hanna said.
se d t o c ,- .. "








THE TRIBUNE


PAGE 6, FRIDAY, JUNE 15, 2007


LOA'NW


Straw market vendors may be moved



temporarily on Prince George Dock


* By Bahamas Information
Services
RELIEF may be in sight for
downtown straw vendors, as
serious consideration is being
given by government to provide
temporary facilities for them at
Prince George Dock.
Giving his contribution to
the budget debate in parlia-
ment, Minister of Works and
Transport Earl Deveaux who
has ministerial responsibility for
the Straw Market said that his
government is proposing to
move the vendors in the very


near future.
Since fire destroyed the Bay
Street Straw Marke; on Sep-
tember 4, 2001, hundreds of
vendors were provided with
tent shelters on property adja-
cent to Vendue House, Bay
Street.
"We propose to move, after
consultation with the vendors,
the present market from its cur-
rent temporary, inadequate and
unacceptable tent.
"An option being put forward
is the relocation of the vendors
to the building on Prince
George Dock that had been


substantially renovated by the
previous FNM government at a
cost of some $2.5 million in
2001," Minister Deveaux told
the House of Assembly.
Mr Deveaux maintained that
"the US authorities have no
issue with the market being
housed in this building provided
due diligence is done by the
appropriate Bahamian security
agencies."
In the meantime, the $21.5
million contract awarded by the
PLP administration to
WOOSLEE Dominion to con-
struct the new Straw Market, has


been suspended by the present
government pending review.
"My government will fully
consider all views and concerns
contributed by the vendors and
other stakeholders and make
an informed decision on the
interim market site and on the
location and construction of the
new Straw Market that will be
in the best interest and benefit
of all," he said.
Mr Deveaux reminded par-
liamentarians that in 2002, a
design competition was held to
select the best proposal for
replacement of the Straw Mar-
ket. The competition was won
by architect Michael Foster of
Arconcepts.
Mr Foster assembled a team
consisting of structural engineer
George Cox and associates, and


mechanical and electrical engi-
neers from Pyramid Industries,
the minister said.
The team was joined by pro-
ject management and quantity
surveying consultants from
VERITAS Consultants in mid-
2006.
The design went through a
multi-year process of review,
revision and then finally,
approval, Mr Deveaux said.
"The Straw Market is intend-
ed to be built on an augured
pile foundation. Foundation
work will require de-watering
of the site in an environmental-
ly sensitive manner.
"Working conditions will be
very difficult as the building
occupies every square foot of
the property and the site is
bounded on three sides by


major thoroughfares. The build-
ing is not air-conditioned, how-
ever, a mechanical air circula-
tion system will be installed,"
the minister explained.
Mr Deveaux said that the
approved design by Mr Foster
envisions a Straw Market build-
ing with two storeys and an
.immediate mezzanine floor.
"It will house 572 vendors in
booths grouped in a 'village'
concept. Each vendor's booth
will be provided with electricity
and data ports which will enable
vendors to access banking facil-
ities allowing for credit card
transactions," he said.
The actual construction of the
vendors' booths is not a part of
this contract as the design has
not yet been formalised, he
added.


Youth Award winners hit the trail


WINNERS of the Governor-
General's Youth Award
(GGYA) will participate in a
special exploration of the Fam-
ily Islands in a weekend trip
around the Bahamas.
On June 29, the m/v Captain
Moxey is scheduled to set sail
for five Bahamian Islands as
part of the GGYA 20th
anniversary celebrations.
Bronze, silver and gold par-
ticipants will get the opportu-
nity to explore, hike, bike,
snorkel and kayak on islands
such as the Berry Islands, Bimi-
ni, Abaco, Grand Bahama and
Andros.
The groups will spend one
day on Berry Island, Bimini and
Andros, and two days on Grand
Bahama and Abaco.
On arrival in Great Harbour
Cay in the Berry Islands, par-
ticipants will spend one day
exploring places of interest such
as the Sugar Beach caves.
The stop on Bimini will
involve trekking from one end
of North Bimini to Pirates
Point.
On both Grand Bahama and
Abaco, participants will under-
take the longest hiking and


M A GROUP goes on a bike training exercise


camping activities.
Gold participants will kayak
in the Lucayan National Park
and all sections will hike to the
lighthouse and Abaco's Hole in
the Wall.
South Andros will be the
"entertainment island", where a
talent show and a social gather-
ing will take place.
The GGYA is a self-devel-
opment programme available
to all young people worldwide.


It is an initiative designed to
equip them with life skills so
that they make a difference to
themselves and their communi-
ties.
To date over five million peo-
ple from over 100 countries
have participated in the pro-
grammes' challenging activities.
There are presently GGYA:
44 units in the Bahamas with
over 1,000 young adult partici-
pants.


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HAPPY FATHER'S DAY, DEAR! ...




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THE TIBUNEFRIDA, JUN 15,C007,NAEWS


OIn brief

Former beauty
queen to run
as candidate
in Jamaica
JAMAICA
Kingston

A TOP ruling party official
announced Tuesday that a
former Miss World will run
as a Jamaican farming dis-
trict's parliamentary candi-
date regardless of the voiced
objections of hundreds of par-
ty supporters, according to
Associated Press.
In a brief statement, Don-
ald Buchanan, general secre-
tary of the People's National
Party, said Kingston resident
Lisa Hanna was selected
ahead of four other con-
tenders to represent the par-
ty in southeast St. Ann, a rur-
al community 90 miles (144
kilometers) east of the capital.
Prime Minister Portia
Simpson Miller, the country's
first female premier, recently
named Jamaica's former Miss
World as the PNP's best can-
didate for the district during
this year's general elections.
About 500 people in south-
east St. Ann protested the
premier's announcement,
arguing they should choose
their own candidate for the
seat being vacated by the
tourism minister.
Hanna won the Miss World
title in Sun City, South
Africa, at age 18 in 1993.
The 33-year-old Hanna,
who has not returned repeat-
ed calls for comment, also
served as the United Nations
goodwill ambassador for the
Caribbean island nation.


Police search
for missing
US resident in
Guyana

GUYANA
Georgetown

POLICE said they were
searching Tuesday for a U.S.
resident who failed to show
up for a flight to New York
and may have sold his green
card and passport during a
trip to his native Guyana,
according to Associated Press.
Tyrone Stewart, 25, missed
his flight Saturday from the
South American nation, and
another man, a Guyanese
deportee, arrived at John F.
Kennedy International Air-
port with his travel docu-
ments, Detective Heeralall
Makhanlall said.
Makhanlall said police are
investigating whether "the
young man might have sold
his green card and passport
and might well be still in
Guyana."
He did not provide addi-
tional details, and officials at
the US Embassy said they
had no information about the
man caught posing as Stew-
art.
Travel documents from
North America and Europe
sell illegally for as much as
US$10,000 in impoverished
Guyana.
Stewart, who emigrated
from Guyana with his family
five years ago, had been
scheduled to return home to
Brooklyn after a two-week
vacation.
Police spokesman John
Sauers said his disappearance
was being handled as a miss-
ing person case.


Men sought in connection with GB murders


POLICE are seeking four
Grand Bahama men for ques-
tioning in connection to several
murder cases.
One of the men police are
looking for is 24-year-old Ange-
lo Rahming.
He is estimated to weigh
about 150 lbs at a height of 5'7",
of slim build, light brown skin
and brown eyes.
He was born in Freepdrt and
his last known addresses were
Andros Town, Hanna Hill in
Eight Mile Rock and No 30
Young Husband Street in
Freeport.
Rahming is unemployed.
The second man police are
seeking for questioning in rela-
tion to a murder is 32-year-old
Leon Rahming, also known as
'Apache'.
He is 6ft in height, of slim
build with dark brown skin and
brown eyes.


* CARLO Jerve


An unusual peculiarity that
may be noticed is a grey patch
in his hair.
Born in Grand Bahama, his
last known address was 18D
Grenfell Avenue, Freeport,
Grand Bahama.
Also wanted for questioning


in a murder case is 25-year-old
George Alexander Ferguson,
sometimes known as 'Geo'.
He stands at 5'8" and is of
medium build with a dark
brown complexion and brown
eyes.
Born in Freeport, his last


"-ij!



, 1,


* LEON Rahming


known address is 40 Clarke
Avenue, Freeport, Grand
Bahama.
The fourth man sought by
police for questioning in con-
nection with a murder is Carlo
Gerve, also known as 'Graves'.
Gerve is a Haitian male, 21


* ANGELO Rahming


years old. He stands at 6'4"
and has a dark brown com-
plexion. He is employed as a
carpenter.
Gerve was born in Grand
Bahama and his last known
address was Pinders Point and
Hunters, Grand Bahama.


Hospital upgrades to be accelerated


* By Bahamas Information
Services

REDEVELOPMENT of the
Princess Margaret Hospital and
the Rand Memorial Hospital
will be accelerated to address
"critical deficiencies" in the sys-
tem which currently prevent
timely access to quality health-
care, Health Minister Dr
Hubert Minnis told parliament
this week.
The redevelopment of the
two facilities, along with the
Sandilands Rehabilitation Cen-
tre, heads the list of infrastruc-
tural and technological
improvements planned for the
healthcare system in New Prov-
idence and the Family Islands.
Dr Minnis, in giving his con-
tribution to the budget debate,
said that the facilities are cur-
rently facing severe infrastruc-
tural constraints, overcrowding
and deterioration of the physi-
cal plant.
"These shortcomings, such as
the shortage of operating the-
atre facilities and inadequate
laboratory and pharmacy ser-
vices undermine public confi-
dence in our healthcare sys-
tem," the minister said.
Dr Minnis further said that
his ministry will move forward
with the construction of new
polyclinics and mini-hospitals
in New Providence and the
Family Islands, upgrade exist-
ing facilities, and provide appro-
priate human, technological and
material resources to enhance
the delivery of community
health and public health ser-
vices.
"Funding for these major
capital initiatives will be pro-
vided through the National
Insurance Board's health infra-
structure fund," Dr Minnis said.
He further said that officials
at the Ministry of Health will
conduct a reassessment of the
infrastructure throughout the
primary healthcare sector in the
Bahamas over the course of fis-
cal year 2007/08.
Dr Minnis assured parliament
that this reassessment will
ensure that priority is given to
the immediate repairs to, or
construction of facilities to bring
them in line with the health
needs of the country, popula-
tion changes and economic
development in New Provi-
dence and the Family Islands.
The Minister said an evalua-
tion of the South Beach, Eliza-
beth Estates, Flamingo Gardens
and Fleming Street polyclinics
in New Providence will be con-
ducted to provide for the expan-


sion of diagnostic services such
as x-ray, ultrasound scan, and
laboratory services at the com-
munity level.
Additionally, he said, evalua-
tions of the Coconut Grove,
Anne's Town and Fox Hill Clin-
ics will be conducted with a
view towards either repairing
or replacing those facilities.


He said that by December
2007, the Grand Cay Health
Centre will be completed as
well as renovations to the Mod-
ernistic Building on Wulff
Road, which will provide for
the permanent relocation of the
Suspected Child Abuse and
Neglect (SCAN) programme
along with the Adolescent


Health Centre and the food
handlers programme.
Dr Minnis said "immediate
attention" will also be given to
the proposed repairs to the
Mangrove Cay Clinic to deter-
mine the feasibility of such
repairs or the need to construct
a new facility.
Priority, he said, will also be


given to existing plans to con-
struct mini-hospitals in Exuma,
Abaco and Eleuthera, as well
as to the construction of pro-
posed primary healthcare clinics
in Rock Sound and North
Eleuthera, North Long Island,
Sandy Point, Abaco, Smith's
Bay, Cat Island and Mayagua-
na.


FRIDAY, JUNE 15, 2007, PA--l /


THE TRIBUNE







THE TRIBUNE


PARF 8. FRIDAY. JUNE 15. 2007


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PETER HARDING, 47





























He is survived by his wife,
Pearlette Harding; father and
mother, Bruce and Una Harding;
five sisters & four brothers.

Funeral service will be
announced later.


cen


* By DR D BRENT HARDT,
US Charge d'Affaires

T WO months ago, the
nT international commu-
nity marked the 200th anniver-
sary of the 1807 abolition of
the Trans-Atlantic Slave
Trade.
Throughout schools in The
Bahamas, schoolchildren are
taught that William Wilber-
force's efforts finally culmi-
nated in 1833 through the
Abolition of Slavery Act.
In the United States, Abra-
ham Lincoln abolished slav-
ery in 1862, though it took
three years of bloody warfare
to make it real. These are
important milestones in
human history that promised a
brighter future where respect
for the dignity of human
beings would be universal.
Today, sadly, the world is
witnessing a new version of
slavery. Once again, human
beings are being recruited,
transported, bought and sold
into forced labour or com-
mercial sex exploitation. Tral-
ficking in persons is the 21st
century version of human slav-
ery, and it is alive and thriving
in countries on every conti-
nent, including the United
States, and potentially The
Bahamas.
As unimaginable as it may


version of slavery


"YOUR SAY


seem, there are today mcre
than a million men, women
and children around the world
trapped in a vicious web of
exploitation from which they
cannot free themselves.
These victims of trafficking
see little of life before they see
the very worst of life an
underground of brutality and
lonely fear.
People are trafficked for
many reasons: for prostitution
or exotic dancing, domestic
servitude, and forced labour
into construction, agriculture,
sweatshops, and factories.
When employers use the
threat of deportation, with-
holding of documents, or oth-
er coercion to exploit workers
to serve at lower wages, work
longer hours or endure dan-
gerous conditions, this consti-
tutes human trafficking.
Almost every country in the
world has a trafficking prob-
lem, and our 2007 Country
Report on Trafficking assesses
the extent of the problem in
165 countries.
The United States reports
in detail each year on our own
trafficking problems and our
efforts to meet the require-


ments of our domestic anti-
trafficking legislation. Human
trafficking is a universal prob-
lem that requires a concerted
international response if we
are to eliminate this modern
day slavery.
Our just-released 2007
Country Report on Traffick-
ing in The Bahamas observes
that many migrants who may
arrive here voluntarily to work
as domestic servants, garden-
ers, or in construction, may
over time become subject to
labour exploitation.

E employers may coerce
such migrants to
work long hours for no pay or
below the minimum wage by
withholding documents or
threatening arrest and depor-
tation. Some commercial sex-
ual exploitation of women and
minors may also exist. All of
this is not to suggest that the
problem is widespread, but
that it is a problem with the
potential to become more
widespread.
The first step to addressing
this problem is a comprehen-
sive network of laws that make


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* By DR D BRENT HARD,
US Charge d'Affaires

human trafficking illegal. Oth-
er countries in the Caribbean
region, including Jamaica and
Guyana, have recently passed
anti-trafficking legislation.
Such legislation would pro-
vide specific protection for
trafficking victims.
These are essential because
only with those protections
will victims feel comfortable
coming forward to identify
employers who may have vic-
timised them and to assist in
prosecution of traffickers.
Eliminating modern day
slavery requires openness to
international co-operation, a
recognition of the worldwide
dimensions of the problem,
and concerted action by all
governments across the globe.
Throughout the world, gov-
ernments, citizens and church-
es have awakened to this chal-
lenge.
The number of prosecutions
of traffickers worldwide rose
again last year. Many coun-
tries have passed anti-traffick-
ing laws.
The United Nations has
developed a convention
against Trafficking, and many
nations have ratified it.
President Bush has made
combating trafficking in per-
sons one of his top interna-
tional priorities, and the Unit-
ed States provided over $75
million to support anti-traf-
ficking efforts worldwide in
2006.
'We have already begun
working with the government
.of the Bahamas to build
understanding and awareness
of this challenge by providing
training to law enforcement
officers and consulting with
immigration officials.
The development, passage
and enforcement of anti-traf-
ficking legislation would allow
The Bahamas to do its part in
eliminating this modern day
affront to human dignity.


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THE TIBUNEFRIDA, JUN 15,C007,NAGES


Japanese shipping firms
meet with new minister


JKJ


E


F~]


* LEFT to right Anthony McKinney, BMA chairman; Naohiko
Yamaguchi, general manager of Mitsui OSK Lines; Thelma
Beneby, permanent secretary in the Ministry of Maritime
Affairs; Dion Foulkes, Minister of Maritime Affairs and
Labour; Fumio Nakahata, manager of Kansai Electrical Power
Company; Yasuhiro Yashima, executive officer of Kansai
Electrical Power; Tomoyuki Sekine, director and managing
executive officer of lino Kaiun at Kaisha (lino Lines), and
Captain Anthony Aliens, Port Controller with the Bahamas Port
Department.


EXECUTIVES from three
major Japanese shipping com-
panies recently met with Mar-
itime Minister Dion Foulkes to
discuss matters of mutual inter-
est.
The Japanese businessmen
are visiting the Bahamas in an
effort to forge a closer work-
ing relationship with the


Bahamas Maritime Authority
(BMA), which manages the
Bahamas International Ship
Registry.
The Bahamas Ship Register
ranks third in the world. BMA
has a representative in Japan
and has launched a campaign
to increase the number of
Japanese ships on its registry.


* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT The govern-
ment will for the first time seek
to expand school boards to the
Family Islands, Minister of Edu-
cation Carl Bethel said during
his contribution to the budget
debate in the House of Assem-
bly.
School boards currently exist
in Grand Bahama and New
Providence, but none in any of
the Family Islands.
Mr Bethel said that school
boards will also be given
increased responsibilities.
However, he explained that
unfortunately there have been
no increases in the allocations
and grants made to school
boards in the budget for the
coming fiscal year.
He noted that as a step in the
right direction, the government
will, with immediate effect, stop
the practice of giving the Min-
istry of Education five per cent
of the funds earmarked for the
school boards.
"This year, for the first time,
school boards will receive all
the money allocated to them in
the budget," said Mr Bethel.
Minister Bethel further said
that the Department of Educa-
tion has continued its education
reform efforts that seek to raise
standards, improve account-
ability, support initiatives, and
forge stronger partnerships to
better serve students.
"We are most pleased to reit-
erate the fact that included for
the first time in the education
budget, is a line item for the
newly conceived school quality
assurance programme, which is
receiving an initial amount of
$3.5 million.
"Our government is of the
view that this substantial level of
funding is needed to encourage,
at the school level, and promote
innovations in addressing activ-
ities for the enhancement of
individual student performance,
as well as to generally create
improved schools," he said.
Mr Bethel said that the
Department of Education is
also establishing, for the first
time, the adolescence health
planning project which will
focus on finding appropriate
ways of addressing the issues of


Fatil0iFng-
PetCoto


* CARL Bethel


adolescent health.
He noted that $100,000 is ear-
marked for the project which
will go a long way in developing
a comprehensive set of plans
which will help the nation's
youth make responsible choices
and engage in healthy lifestyles.


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FRIDAY, JUNE 15, 2007, PAGE 9


THE TRIBUNE


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


I Fo Ii


284 AY S., 32-280 o ARBOR BA NtAL ATMARA HO
PALMDLE UESSe JON BUL BU^NES':.CVRE.*ABAC
HARBOUR ISLAND* EXUMA'*.'. R


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'Da











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Of our father



The Reverend Enoch Baekford, Sr

1893-1976


"Just think of standing on the shore and finding it heaven.
Of touching a hand and finding it God's.
Of breathing new air and finding it celestial,
Of waking up in Glory, finally Home.

. The Reverend Enoch Backford, Sr, the youngest of eight children, wUas born 15th Noiember. 1893 to the parentage
of the late Robert and Patience Backford, at Deadman's Cjy. Long Island His ifther and one br,.'ther William were
lost at sea just two months before Enoch was born. When he was just nine days old. his mother look the remuander
of the family to Simms, Long Island, where she could be near her relatives while rearing her children.
He grew up in Sirrmms, Long Island and attended the Beulah Unio.n Bapuist Church under the pasiorate of the late
Reverend Abraham Butler. Litle did anyone expect the little boy .'ho walked d v..iith a lantern before Reverend Daniel
Wilshere while the latter rode on a horse, to eventually succeed the Reverend Wilshere as pastor of Salem and
Superintendent of the Bahamas Baptist Union But at this early age. God va familiarizing little Enoch with the
reproducibilties which He had already foreordained that he would later assume
WVth an insatiable hunger for knowledge. and moved by lus desrin:,. ''iiuni Enoith in his mid-teens ehausled the
educational offerings of Long Island and left for Nassau %where he could further hi-, education In Nassau. he attended
the Boys Central School. and the Grammar School. He jlso aj.uled hiimelf .,l e'eI r opportunlm for private study.
Education wvas far more difficult to obtain in the latter half of the decide, 1 I) 11.1 nd in the 120' Fur that reason,
upon reaching manhood, he went to the United States Annm to sere in W,.rld \,\ar I He A.as sent overseas, but even
that was working in God's plan for the manifest destiny\ of this ,,-.ung nian BelI.ie rinhliin in the army he became
anscious of God having called him to preach the Gospel He was powss,;d by th.t call throughout his military .
service..and upon being discharged from the Arms. he returned itr, L'..ng il.ind to make kliunn his cill to tfam.\ and
friends'
After advising family and friends of his call. once again he set out upon his, quest lor knowv ledge This time he so-ught
United States Government assistance to war veteranss to enroll in Motihotuse Co'llvge Unfoilunately. the deadline
had passed when he made the request. Undaunted by his disippoinrment. he set out to work lits %, a\ through College
After a period of three years at Morehouse. because of financial lick. he returned to NJas.au It w as then hce met and
married the late Mande Johnson to whom five children %were b.rn Arthur ideceasedi Lilymue, Noami Ruth and
Enoch Jr. Mrs MaudeBackford went home to be with the Lord. while the children were quitd oung However.
before her leaveltking, ihe labored and sacnficed beside her husband while he completed his College studies it
Florida NormaLaid tl a trI Memorial College in Si Augustine. Florida
He then returned 1t MfAliwhere be lived for a while working in thie St. John's Bapsti Church v. ith Rev. I W Drake
While th he was ca"ed a Mission of the Bahamas Bapi.[ I lruon. and *as oid.timed to the Sdcred Ministry in
Homestead. Rlrida,ati'CiawveTtionof the Ministeis and DeaLoas Union m 1926 Howeer. instead of accepting
the pastorate of the Mision, he stayed with Rev. Drake as hi' aisiant tor .1 lew moiihs longer On being directed
by God bhe rerned.tq Naussu in Apil, 1926.
Rev. Backford's fir task in Nassau was to assist Rev Daniel Wi.her in the pasiorate of Salem as '% ell as Superintendent
of The Bahamas Baptist Union. In September, 1932. Rei. Wilther went home to be with the Lord. and Rev Backford
served as acting pastor of Salem as well as acting Superinmendent of the Union. Ii v.as the following ,ear, 1933, on
the anniversary of Salem and he accepted the pdstorate and later in that same year. he accepted the position of
Superintendent of the Union. During the years follow ming, his first w ife. Maude Backlord. helped and encouraged
him faithfully until the Lord called her home on October 20, 1447.
After four years of being father and mother to: us ft'e children, he was omined in marriage o the Iate former Sy,bil
Russell in 1951. During the years of their union. she o.rl..ed trelcsi., beside hint in Salem and the Union
Earl', in his ministn. Rev. Backlord sought to ceinent the churches of the Uniton b\ forming them mino Districts, as
%well as appointng Ministers to cover the Dismtcis These ,ere in Andros, Eleuthera. Exuma. Long Island and New
Pro' idence
Ii was through the joint efforts of the late Rev. Carnngton S monere, the grand father of Dr. Michael Symonette,
then Supenntendent of St John's As..ciation of Clihrclies and Re' Badc.lor,. Supennitendent of the Bahamas Baptist
Union of Churches. along with the pastors of the Iwo unit churches, thai tihe Bahatn.is Baptist Missionary and
Educational Convention was formed, assisted by the Nantional Baptist Convention. U SA Inc. in May. 1935. It was
during that year 1935) that the officers of the Naittonal Baptist Cotivention, U.S A Inc. isiied The Bahamas for
the tirst time
Re,. Backtord wa., the second President of the Bahama.s B:pist MNissio.nari and Educational Convenion. where he
served faithfully and with integnt) for eleen years He succeeded the late Re'v Carrington Symonette.
Concerned aboul the Baptist Education in Th. Bahamas. Re' Bul.tlord v.ent t ,\menci in the early '40's where
he met with the late Rev L G Jordan, then Secreutar of the Foreign M ,issiin Board ul the National Baptist Convention.
U11S A. Inc. There he sought assistance from the Foreign Mission Biard. ti .srn a Bdpist Sch.col Sometime after
his return to Nassau. Jordan Memorial Baplist School was organized Beore' mo'. ing t1 Batlliu Hill Road. classes
were held in Chippingham. min the building used for "Girls Induiiiul Shon.l" The School vis named in honour of
Rev. L. G. Jordan. The school's first principal was Re'. \\ illim \lburi Re\ Baickford senred as the first Chairman
of the Board. He also taught Latin and English without conipn'anii.ori and' several times helped to save the school
from extinction.
He was instrumnena] in assisting and encouraging the tirst four Bahanuanri toe- in ..il in the Amencan Baptist Theological
Seminary in Nashville, Tennessee min 1935 They were the li:re '. R E c.-.vr Sr Salem Baptist Church, Rev.
H W. Brown. Bethel Baptist Church, Re\ A S Colebr.okL.e. St Paul B.i.p, i Chuj-i. Bias Street and Re' E. C.
Grant, Mt Pleasant Green Baptist Church
As a result of his dedicated ser.ice. his int1 mfluerin.e has t.'uc:hed the Snnjda .'.o.ol Publishtming B.ard of the National


Baptist Convention. U.S.A Inc the Foreign Mission Board and the Nalt'.nil PRapui Co.n'ncniion, U S A Inc., at
large His name is also wnnen in the annals of the Baptist ,oi-l illIa n. R,. I' 1- i,,lid', Iori -tw'o years as pastor
of Salem and forty-four years as Superintendent of the Bahamjs Bapint Lr1- -n.11 hueI, .h .1ra nm .tcing testimony
that God had predestined his nunistr,.
He was a man of commitment and integrity, and served his God 'jthiiull. H: r",.. .. u .... amnic or forrinc, but
always took a stand for right and righteousness, regardless of the circumsi jIA L .en .' hiit ie lh.J i. stand alone
Like the apostle Paul, he struck to the fight when hardest hit. "He f. liohi.h .1 -1l -1hi 1e lI..erit he tIc ihi and finished
his course with joy'.
The Baptists have honoured him in the U.S.A. as well as in The Bah.imis. iI: Na'-.iu C..inrmni'ii h:.s li-.w'.ured him
and Queen Elizabeth 11 has honoured him. However, on Nqvember 2, 19'7' ajt -14 .1am. he ce, ced ihe highe honour
man could ever receive; God crowned him with victory: "Well done ihou o,,Od iad t.uill-ul .r.nt. cratc into the
joy of thy Lord,"
"Servant of God well done,
Praise be thy new employ:
And while internal ages run
Rest in thi Saniour'sjo.!"
Gone but notforgotten. Ht ill always he lo'ed and cherished.
Your children LilYmae. Naomi. Ruth and Enoch ahlo. i nl,, .u r -roil great grand and great great grandchildren.


Man wanted for questioning in



murder case is apprehended


* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT A 32-year-old man wanted for
questioning in a murder case was apprehended on
Wednesday evening by police in the Deadman's
Reef area.
Chief Superintendent of Police Basil Rahming
said officers of the Central Detective Unit, acting
on information received, went to the Deadman's
Reef settlement around 6.10pm and took a sus-
pect into custody.
The man is wanted for questioning in connec-
tion with the murder of Roslyn Louis, 20, of Hep-
burn Town, Eight Mile Rock.
Miss Louis, an employee at the 'Keeping Babies
Until Two' infant clothing store, at Bartlett Hill,
Eight Mile Rock, was found lying on the floor of
the store in a pool of blood around 4pm on June
11.


The young woman had suffered a severe wound
in stomach.
She was taken to the Rand Memorial Hospital,
where she later died in the Intensive Care Unit on
June 12.
Police believe that robbery was the motive for
the crime as preliminary investigations indicated
that there was a struggle between the victim and
the perpetrator.
Ms Louis' death is the seventh homicide for
the year in Grand Bahama.
Supt Rahming said the man in custody is assist-
ing police with their investigations into the recent
homicide.
He is expected to be arraigned in
the Freeport Magistrate's Court at 10am
today.
Police thanked members of the public and
the news media for their assistance in helping to
resolve the matter.


Ingraham: support for


PLP shrank in election


FROM page one

"We received 15,821 more
votes in 2007 than we did in
2002," the prime minister said.
"The 68,624 citizens who cast
their votes in support of the
FNM this time outnumbered
the 64,648 votes received by the
PLP in their 2002 victory.
"There was an 18,070 voter
swing favouring the FNM in
2007. The PLP support shrank;
the FNM support increased. All
the noise about new elections
in 18 months is just that noise;
hot air; wishful thinking!" he
exclaimed.
As the FNM failed to gain
more than 50 per cent of the
popular vote, critics attack the
administration, claiming that
the newly appointed govern-
ment has no "moral authority"
to govern as they do not repre-
sent the "majority" of the voting

FltTer Cta of.ie


public. However, Mr Ingraham
said that such a foolish protes-
tation could not be valid as gov-
ernments throughout the world
only need to garner "the major-
ity" of votes to be elected.
"Members Opposite said sim-
ilar things about our victory in
1992," Mr Ingraham said. "They
called us an 'interim govern-
ment' then.
"Yet, at the end of our first
term in office we were returned
to office by a far greater major-
ity than in 1992.
"For our second term we
received 57 per cent of the total
votes cast; won nine out of 10
Family Island seats; won all of
the Grand Bahama seats and
we won 19 of the 24 New Prov-
idence seats. That is what the
people did when governance
pleased them.
"In contrast, at the end of
their first term in office, those
opposite did not have their con-
tract renewed.
"Their loss at the polls came
as a direct result of the dissatis-
faction of the Bahamian peo-
ple with their performance in
office. The Bahamian people
were not satisfied in their
majority, with the service of the


PLP in government," he said.
Mr Ingraham said that the
PLP can sulk and mope all they
want, or be as "bombastic and
uncooperative" as they like; but
when all is said and done, they
will still have to come to terms
with their fate of being the
Opposition not the govern-
ment.
"The fact is that they are and
will remain the Opposition not
for 18 months but for five long
years. And then the Bahamian
people will decide anew who
next leads. Until then we will
go on serving; giving the best
of our service on behalf of all in
our land.
"Mr Speaker, my immediate
predecessor in office once said
he always wanted to be Prime
Minister. Not I. Such a lofty
thought could not and did not
enter my contemplation until I
was a grown man and people
put that thought into my head.
"I am here at the request and
determination of my party and
the Bahamian people. I pledge
to serve the people all of the
people of the Bahamas for so
long as they would have me, or
for so long as I am able to do
so," he said.


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THE TRIBUNE


PAGE 10, FRIDAY, JUNE 15, 2007










THE TRIBUNE FRIDAY, JUNE 15,200IL7,ALPAGEWS


MP questions increases





in local govt allocations


FROM page one

Laing strongly denied.
During the third reading and
committal phase of the budget
debate yesterday, Mr Gray told
the House that his "soul
was not happy" with the "pat-
tern" as laid out by the govern-
ment.
Mr Gray who raised this
objection in his budget commu-
nication, though not charging
at that time that it was politi-
cally motivated, used the exam-
ples of increases for FNM com-
munities such as Grand Cay,
Abaco ($77,200); Green Turtle
Cay, Abaco ($85,000); Spanish
Wells ($130,000); North
Eleuthera ($80,000); Long
Island ($207,500); and Marsh
Harbour ($434,500), as com-
pared to the increases for those
PLP represented communities
such as Acklins ($6,360);
Crooked Island and Long Cay
($7,320); and South Eleuthera
($19,824), as evidence of his
assertion.
What makes these allocation


even more unfair, Mr Gray said,
is that island communities such
as Acklins depend on local gov-
ernment funds for "assistance"
and "survival", therefore their
need for these is far greater
than those islands that are more
prosperous and received much
larger increases.
Referring specifically to
Crooked Island and Long Cay,
Mr Gray pointed out that the
$7,320 increase cannot even
provide for the hire of one addi-
tional employee for these com-
munities.
"That's an area where the
people almost depend on the
government and its allied ser-
vices for survival," he said.
"Don't give to some and not
to all," Mr Gray added.
To these criticisms, the Min-
ister for Lands and Local Gov-
ernment, Sidney Collie, replied
that the amount awarded was
given based on the size of the
population, the level of eco-
nomic growth for the specific
community and the level of
direct investment currently
flowing into the area.


In defence of Mr Collie, who
was under harsh attack by Mr
Gray and the opposition, Mr
Laing also intervened, chal-
lenging the validity of Mr
Gray's claim that primarily
FNM constituencies received
large increases.


Mr Laing said that recurrent
allocation increases for Bimini
($234,500); Black Point, Exu-
ma ($87,500); Exuma
($134,500); and South Andros
($94,000), all represented by
PLPs, demonstrate that Mr
Gray is not correct.


MICAL MP
Alfred Gray speaks
in the House of
W/'1100: I nim Clar
I ilhinit, sialu)


More changes to come



in the public service


FROM page one

been assigned to the cabinet office will have
work assigned to them, and are likely to even-
tually be reassigned to other positions, main-
taining their seniority, in the public service
over time.
Mr Ingraham also used the occasion to
again criticise the former government for not
effectively using the talents of Missouri Sher-
man-Peters who he did not identify by name.
Ms Peters has recently been transferred to


the Ministry of National Security.
The prime minister said that when he came
to office this permanent secretary and "tal-
ented" Bahamian had "nothing" to do under
the previous PLP government in the cabinet
office, before he reassigned her to the Ministry
of National Security.
The questions surrounding the transfers
and placement of permanent secretaries by
the leader of the opposition, relate to con-
cerns he raised in his budget communication.
Here, Mr Christie argued that the FNM gov-
ernment was creating a culture of "fear" and


insensitivity, in part, as a result of the handling
of staff in the public service.
"It now appears that people who hold posi-
tions of authority can be removed or trans-
ferred regardless of their ability if they are
thought to be supportive of the other side," he
said.
The former prime minister at this time
lamented that his "actions of decency and fair
play have now been undone in just six weeks."
Prime Minister Ingraham has strongly
denied that any of these moves were acts of
victimisation.


Kelly's donates $20,500

to dialysis campaign

FROM page one

Mrs. Kelly has a long history with the Princess Margaret Hos-
pital, having been founding coordinator of its Volunteer Auxiliary,
better known as the "Candy Stripers." This group was formed in
early 1966 after the disaster of the ss Yarmouth Castle, which
sank in Bahamian waters with great loss of life in November, 1965.
The Princess Margaret Hospital is no stranger to the generosi-
ty of Kelly's, each year the business organizes four blood drives.
Every Kelly's customer who donates a pint of blood during the dri-
ve wins a $200 gift certificate from the store. Additionally, every
child admitted to Princess Margaret over Easter receives an East-
er basket.
The dialysis campaign was launched by The Tile King, FYP
Ltd., The Tribune and its partner radio stations 100 JAMZ,
COOL 96, JOY FM and the Princess Margaret Foundation.
Persons interested in donating to the campaign should contact
Sean D. Moore, Tribune marketing manager, at 502-2394. All
donations should be in the form of a cheque made payable to the
Princess Margaret Hospital Foundation, with a note that the dona-
tion is to go to The Dialysis Machine Fund.


PLP 'begins contesting seat'

FROM page one ment's information, the FNM
won Blue Hills by 47 votes,
Golden Isles by 62, Sea Breeze
that the first step is to make by 64 and Marco City by 47
an application for leave to a votes.
file petition. Mr Munroe said that
"Then you need the permis- although he is only dealing
sion of a Supreme Court judge with those four constituencies,
to file it (the petition). Once he understands from reports
you get that leave then you file in the media that the PLP may
that petition, then you serve it also be contesting Pinewood.
and then the Chief Justice con- The FNM's Bryan Woodside
venes a court himself or directs won that seat by 64 votes.
another judge to convene a Mr Munroe in an earlier
court," he said. interview said that he believes
Mr Munroe said that a peti- it is possible that thousands, if
tion can be filed on the same not tens of thousands of non-
day that leave to do so is given citizens, may have voted in the
by a Supreme Court judge. election, thus representing the
The seats most likely to be balance of power in many
contested are currently being seats.
held by two FNM Cabinet In an election in which there
ministers and. by three minis- were multiple allegations of
ters of state. voter fraud, he said, contest-
According to the Parlia- ing seats could be argued to
mentary Registrar Depart- be a sovereign duty.



'End in sight' for Morton Salt dispute

FROM page one

an agreement bashed out in a three hour meeting that afternoon.
Officials representing the company, including managing director
Glen Bannister and his attorney Oscar Johnson, and Bahamas
Industrial Manufacturers and Allied Workers Union, including
union counsel Obie Ferguson and president Wilfred Seymour,
met, with Mr Foulkes, at the Ministry of Labour.
The history of the dispute is a long and winding one. The union
has been without an industrial agreement since 2005. They were last
known to be demanding a 5 to 6 per cent basic salary raise for the
years 2007 to 2009. Morton Salt's latest publicised offer was an
increase of 3.75 per cent, attached to a 40-hour week productivity
bonus, which roughly equates to another two per cent.
Such a bonus would come into play if workers achieved a certain
harvested salt tonnage.
Workers have said they would like to see the increases attached
to their basic salary, instead of productivity.
The pay issues have been played out against a backdrop of
falling salt production at the Inagua plant. Unexpectedly heavy and
prolonged rainfall has been blamed by company officials as the basis
of gloomy predictions made earlier this month that the company will
likely produce less than half the 1.2 million tons of salt harvested in
2006.
A proposed cut in the work week, from three to five days, which
the company claims may be required in order to avoid redundan-
cies a possibility which would likely bring the island's economy
and employment to a standstill caused much upset at the plant
earlier this year.
It is believed that the latest round of negotiations also worked out
this issue, although persons who have been party to the talks have
been quiet about the exact details.
The negotiations resonate more strongly when considered in
light of the fact that Morton Salt is estimated to employ roughly 60
per cent of Inagua's population.


FRIDAY, JUNE 15, 2007, PAGE 11


THE TRIBUNE


I






THE TRIBUNE


PAGE 12, FRIDAY, JUNE 15, 2007


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* MEMBERS of Sierra Leone's Refugee All-Stars, from left, Black Nature, Reuben Kor-
ma, Ashade Pearce, Malam, Nico, Makengo and Jah Sun, are photographed in New York,
Oct. 24 2006.


(APPhoto/Jim Cooper)


BIFF Monthly
Film Series
continues
with Refugee
All Stars

THE BAHAMAS
INTERNATIONAL FILM
FESTIVAL Monthly Film
Series continues with the
showing of The Refugee All
Stars on Saturday at the
Hard Rock Caf6.
This feature length docu-
mentary film tells the
remarkable and ultimately
life-affirming story of Sierra
Leone's Refugee All Stars -
a musical group formed by
refugees from Sierra Leone's
horrific civil war.

THE REFUGEE
ALL STARS
Saturday,
June 16th @ 8:00pnm
Free of charge
Hard Rock Caft Nassau,
Charlotte & Bay Street


p o t t e r y s t ud


Boot Camp for the Bored Artist


It's summer time again! This means that it's time to sign the
kids up for another round of creative and educational fun.
The Bored Artist Summer Camp program at the Earth & Fire
Pottery Studio teaches kids ages 8 16 about pottery and
painting their own masterpieces by using unique pottery
glazing concepts and techniques.

Camp Week Includes:
Painting distinctive stoneware valued at over $130 '
Daily encounters and activities including a
Club Rush Session! A4
A light snack and a drink each day
Painting supplies, studio time and kiln firing
Customized sessions on pottery, painting
techniques and glazes.
A special gift for all camp graduates.


June 25 29, 2007
Monday Friday
9:00 a.m. 1:00 p.m.
Registration required.
Balance due first day of class.

Located -ltthqe Bea Tower next to Seagrapes
Cali? 363206i .t 63122 for more Information

ATLANTIS


You may be just what we're looking for.


JOB

FAIR


John Bull EXUMA
Four Seasons Resort, Emerald Bay
Friday, June 22nd, 2007
10am 12 noon & 2pm 4pm


DOCUMENTS REQUIRED Current Resume & Photo Copy
of Police Record, NIB card & Valid Passport (First 4 pages)

Call 302-2800 for further information. ,
jo ll


Public Notice


The Bahamas Co-operative League is
conducting a membership survey on
New Providence and Grand Bahama.
The purpose is to solicit views on how
to expand and/or improve the services
offered by credit unions so that the
League can plan the way forward.
Information obtained will be handled
in the strictest confidence. All
members are asked to participate in
this survey.


THE BAHAMAS CO-OPERATIVE LEAGUE
Russell Road
(Oakes Field across from COB campus--through
the corner of McDonald's-we're right next door)
302-0100


I .


LOALEW







TETIBN FRDY JUN 15 207 PAG 13


THE TILE KING, FYP LTD,
EDWARD E. PATTON & AN
have partnered to supply ci
DIALYSIS IVMA
for the Princess Margar


THE TRIBUNE
NETTE ROLLE
critically needed
CHINES
"et Hosptial


If......


Help us raise $164,000
to purchase 8 dialysis
machines for the PMH

The number of patients that need dialysis is
pushing the dialysis center to its capacity.

Each dialysis unit costs $20,500 complete
installation, training of staff members and 1 year
of technical support. All donations should be
made payable to The Princess Margaret
Hospital Foundation with a note for The Dialysis
Machine

Your contribution will help hundreds of patients
that rely currently on these old machines for life.

Contact Sean D. Moore of The Tribune at
502-2394 or Thelma Rolle of the Princess
Margaret Hospital Foundation at 325-0048
to make a donation.

WHY NOT JOIN US? THEY HAVE!


TiLE






Ebbie Shearer Jackson, 09, -A0
ET. 1 t


46b ,. i,,, CEvtD.A Antc
"We care for your viciom ,ia s c would o> 101y"
Ebbie Shearer Jackson, oD, FAAO


The Tril


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FYP LTD




dinette Rolle, Nassau, Bahamas
Kell|'s House
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)une


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FRIDAY, JUNE 15, 2007, PAGE 13


THE TRIBUNE


1,. '


XV TlVI


~1












Graduation ceremonies


2007



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By ADRIAN GIBSON
ajbahama@hotmail.com
"There are no secrets to suc-
cess. It is the result of prepara-
tion, hard work and learning
from failure."
Colin Powell

A ALTHOUGH the
Bahamas is presently
confronting social and educa-
tional ills, I was assured this
week after attending the grad-
uation ceremonies of my alma
mater, North Long Island High
School (NLIHS) that all is not
lost.
On Wednesday, I travelled
to Long Island to attend my
brother Shavado's graduation,
and I was pleasantly surprised
to discover that of a class of 19
students, 17 of the graduating
seniors were males.
Even more praiseworthy was
the revelation that six of these
young men. (including Shava-
do) were graduating with hon-
ours while nine of the others
had attained a cumulative GPA
of 2.00 and above.
In an age when so many
young men are travelling a way-
ward path, it was a breath of
fresh air to see that these young
chaps were tenacious, driven to
succeed and looking to the hori-
zon hopeful and eager (grad-
uation theme).
Generally, young Bahamian
males have a positive example
to follow here, as it is clear that
our female counterparts are vig-
orously pursuing their goals and
rapidly replacing males in
strategic positions, while a large
percentage of male graduates
are falling by the wayside,
smoking weed on the blocks
and settling for less.
I'd particularly like to pub-
licly congratulate Shavado on
his achievements and express
my great pleasure in seeing my
little brother take the leap from
high school to university and
from teenager to young adult.
As summer approaches, the
Bahamian educational system
is once again in 'graduation
mode'. This year's graduates
must realise that finishing high
school is a milestone and that
tl h .ii-t tierqpssroad where
tliethsu i now make responsi-


YOUNG MAN'S VIEW


AD R IA


N G


ble decisions and face the world,
as their futures heavily depend
on the choices that they make.
These graduates should all
strive to become good citizens
of the world, setting positive
goals and high standards.
When facing challenges and
discouragement in their quest
for excellence, this year's grad-
uating class must keep in mind


I B S 0 N


off, leaving a dirt strip for
islanders to manoeuvre their
vehicles while dropping into
potholes at every point. Long
Island undoubtedly has become
the forgotten island, and I am
curious as to why MP Larry
Cartwright did not agitate for
more relief for islanders during
his first term.
Stella Maris International


When facing challenges and
discouragement in their quest for
excellence, this year's graduating class
must keep in mind the saying that
eagles soar and do not hang around
with chickens that are afraid to fly."


the saying that eagles soar and
do not hang around with chick-
ens that are afraid to fly.
It takes strength and true
determination to overcome peer
pressure in the words of Beres
Hammond, "don't watch the
crowd, their duty is to be loud."
In the words of the great come-
dian Milton Berle, "If opportu-
nity doesn't knock, build a
door!"
Although my time was short
on Long Island (one day), I saw
first-hand that Long Island has
been overlooked in terms of
development and upgrades, and
in some parts, is in a state of
despair. Even though Long
Island produces some of the
brightest minds this country has
to offer, it remains in a stagnat-
ed, backward state.
Traversing the roads of Long
Island particularly the settle-
ments of Simms and O'Neils is
comparable to riding a rickety,
bumpy roller coaster.
The roads are in a sad state
of deterioration. In O'Neils and
Simms, the roads are unkempt
as bushes have crept on to the
thoroughfares and gaping pot-
holes are frequent.
Frankly, the roads are so
awful, even the tar has peeled


Airport has yet to be repaired,
although it has been closed for
about a year. The new govern-
ment must move expeditiously
to reopen this international
gateway, which serves as an eco-
nomic lifeline to so many Long
Islanders.
The dock at Simms should
also be addressed, as many
north Long Islanders are incon-
venienced and must travel
lengthy distances because the
dock is not dredged deep
enough or built wide enough to
receive the mailboat.
And why hasn't Cable
Bahamas installed its cable TV
and internet services in the
north as yet?
There is also a need for a
Packing House in the north, as
the former Packing House is a
dilapidated, unoccupied and
rotting facility that now has
shrubs sprouting from it.
Farming is on the decline on
the island as many old-time
farmers have died or are too
old to manage their farms.
Farming has also gone down-
hill because initiatives to pro-
mote farming and encourage
youngsters to enter this hon-
SEE page 15


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THE TRIBUNE


PAGE 14, FRIDAY, JUNE 15, 2007


ABM ADM, NMW lel






FRIDAY, JUNE 15, 2007, PAGE 15


THE TRIBUNE


show that all is not lost


FROM page 14
ourable field have not been
employed. Larry Cartwright.
the Minister of Agriculture,
must forthrightly set about
putting programmes in place to
encourage his constituents to
enter the agricultural arena
rather than shun it.
The economy of Long Island
is sluggish. What's more, there
are no 'anchor projects' and no
indication has been given by
either government as it relates
to developing the island to give
it the economic boost that it
needs.

H however, this is not to
say that there are no
opportunities on Long Island,
as there are opportunities for
growth that have yet to be
embraced for example, there
are no lawyers, dentists, photo
shops, private clinics and doc-
tors, certified computer engi-
neers and so on. Because I
know Long Islanders to be
industrious people. we must
broaden our horizons and
ignore the urge to clamour for
standard government jobs!
Melinda Pratt, principal of
NLIHS, says that there are no
activities designed for young
people on the island. "There is a
need for a game room and
tutoring and youth centres that
kids can go to to complete their
homework, access the internet
and socialise with supervi-
sion," she said.
Mrs Pratt also expressed her
concern that "there is no
enforcement of the laws regu-
lating alcohol". She claimed:
"When it comes to the sale of
alcohol here, no-one checks for
IDs. Everyone gives kids alco-
hol. There is a problem with
alcoholism to the point that
some people drink irresponsi-
bly. We must separate our kids
from alcohol, because kids need
to know that they can socialist
without alcohol."
Among activities the princi-
pal proposes would be one cen-
tred on agriculture. Mrs Pratt
said: "I want to initiate an agri-
cultural facility to grow pigs,
vegetables and chickens. There
is a need for an agriculture
teacher here. Between our


school and the maritime min-
istry, we can also start a sailing
programnme where students' can
spend time sailing and building
character traits." Maybe Mr
Cartwright can take a cue from
Mrs Pratt!
The government or national


trust must also set about putting
protective Cineasures in place to
secure the unique mangroves
and inimitable flora and fauna
of this picturesque island.
Indeed, it was nice to enjoy
fresh, unpolluted air again!
Congratulations graduates!


_ Ii1


HAPPY


FA OTHER 'S DA Y


I -


I.,


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ViNJune 8th July 29th 2007
Nassau
TUESDAYS FRIDAYS
A Walk Through History, Downtown 9am-5pm

Festlve Arts Tour, Starting at Rawson Square 1-6pm
Native Market, Kelly's Dock 9-5pm
Music & Heritage Celebration, Arawak Cay 2pm- 1Ipm
Junkanoo Rushouts at 5:30pm and 10pm
Pompey Museum & Junkanoo Museum Exhibits
Astro Club Field Trip, Cosmos Observatory 7.30pm
SUNDAY
Royal Poinclana Tea Party
National Art Gallery 2-5pm
Summertime Jaz, British Colonial Hilton 4-8pm
SATURDAY, JUNE 9
Opening Ceremony featuring AREITO Arawak Cay 6pm
FRIDAY JUNE 22
Bahamian Night with KB & Friends
TopShotters, Tonique Williams-Darling Highway

Bahamas SFm Fesflval Flcks. Arawak Cay

CHiMW UWe Chefs Society Camp CO
Cooking demo at Arawak Cay on July 28


I n


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PAGE 16, FRIDAY, JUNE 15, 2007


THE TRIBUNE


lOIN l SHOOT
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i -1 ',.. .' --


FRIDAY, JUNE 15, 2007


SECTION -


business@tribunemedia.net


Miami Herald Business, Stocks, Analysis, Wall Street


Manufacturer's


profits


fears on duty reduction


* By NEIL HARTNELL
Tribune Business Editor
A BAHAMIAN manufac-
turer of aluminium windows
yesterday told The Tribune that
the Government's plan to
reduce customs duty rates on
rival imports from 35 per cent to
25 per cent would "make it very
difficult for us to be profitable",
and had "thrown a spoke in the
wheel" of its expansion plans
that could employ a further 20
Bahamians.
Andrew Rogers, owner of
Bahamas Aluminium Manufac-
turing, said of the planned duty
reduction: "There's no doubt
about it. With the 35 per cent
duty it's difficult for us to com-
pete, but we can do it.
"If they reduce it to 25 per
cent, it's going to really inter-
fere with the small, minimal
margins we have to work with.
It's going to be very difficult for
us to be profitable."
The Government, in its Bud-
get presentation, said it planned
to reduce customs duties on
imported doors and windows


* Bahamas Aluminium Manufacturing says 35%
to 25% tariff cut 'throws a spoke in the wheel' of
expansion plans to employ 20 more Bahamians,
which have already cost over $ 100k
* Firm 'so far in it can't go back' on expansion,
with move seen as 'slap in the face'


made of plastic and steel from
35 per cent to 25 per cent, bring-
ing it into line with the duty rate
imposed on the wooden ver-
sions.
But Mr Rogers said of the
decision: "In short, it makes it
more difficult to compete with
foreign manufacturers, because
they can bring the product in
more cheaply. It gives you less
of a margin to work with. The
margins are critical because we
are in a small country."
The impact from the Gov-


ernment's plans to reduce duty
on plastic and metal windows
imports was questioned in the
House of Assembly by opposi-
tion MP Dr Bernard Nottage,
who warned of the competitive
effect it would have on Mr
Rogers firm and its expansion
plans.
In response, Zhivargo Laing,
minister of state for finance,
said the Government was pro-.
jecting only a minimal loss of
revenue from the duty reduc-
tion, and the plan could be dis-


cussed further in the Budget
debate and at the committee
stage in the House of Assem-
bly.
Meanwhile, Mr Rogers said
Bahamas Aluminium Manufac-
turing had spent $300,000 three-
and-a-half years ago to purchase
the awning windows line, which
he estimated 60-65 per cent of
Bahamian homes bought
because they provided 90 per
cent ventilation.
SEE page 6B


BORCO sale 'watched


with great concerns'


Passing Contractors Bill


the 'number one focus'


* By NEIL HARTNELL
Tribune Business Editor
THE Grand Bahama Cham-
ber of Commerce's president
yesterday told The Tribune that
the business community was
"watching with great concern"
the latest attempt to sell the
Bahamas Oil Refining Compa-
ny International (BORCO),
hoping that it would remain
open and that its eventual buy-
er would invest enough capital
to upgrade the facility.
Christopher Lowe said of the
sale, which was first revealed
by Tribune Business on
Wednesday this week: "It's a
reminder that things are con-
stantly shifting on the world
stage, and we obviously need
to see it remain open during this
process as it [BORCO] has
existing contracts to fill.
"We're watching it with great
concern, hoping that it remains
open in its current state, and
whoever buys it has capital to
invest."
BORCO is the latest
Freeport-based industrial asset
to be put up for sale, with
Mirant seeking to dispose of its
55.4 per cent stake in Grand


Bahama Power Company to the
Japanese conglomerate,
Marubeni, and a deal said to be
in the offing for the former
Uniroyal plant.
When asked about the poten-
tial changes in industrial asset
ownership in Freeport, and its
wider implications for Grand
Bahama, Mr Lowe replied: "We
really need the powers that be
in Freeport the Grand
Bahama Port Authority
(GBPA), Government and
licencees to decide whether
Freeport is to have an industri-
al presence. I think it should,
because that was the original
intent."
The Venezuelan state-owned
oil company, PDVSA, has put
BORCO, which has a 20 mil-
lion barrel storage capacity, up
for sale, with "just about every
big oil company going to take a
look" at it.
Sources yesterday told The
Tribune that this was about the
third or fourth time within the
last 10 years that PDVSA has
attempted to dispose of BOR-
CO, the company said to have
been last time seeking a price of
around $150 million in a process
that was handled by JP Morgan


Government to T


Chase, the investment bank.
It is thought that no pre-
vious offer met PDVSA's
expectations on price or oth-
er terms and conditions, and
this time the investment
banking arm of Citigroup,
the world's largest financial
institution, has been hired to
handle the BORCO sales
process, which is understood
to be taking the form of an
open, transparent 'beauty
contest'.
SEE page 10B


* By NEIL HARTNELL
Tribune Business Editor
Getting the Contractors Bill
tabled and passed by Parlia-
ment will be "the number one
objective" for the newly-elected
Bahamian Contractors Associ-
ation's (BCA) president and his
team, it was announced yester-
day, with the construction
industry in desperate need of
regulation.
Stephen Wrinkle, of Wrinkle
Development, told the BCA's
2007 annual general meeting


New Association president says
'regulating the industry is the number
one task', with legislation proposing
construction firm licensing system to
protect public


(AGM): "The biggest thing we
can do is get this legislation
passed. The number one objec-
tive of this administration is to
bring the Contractors Bill to the


Houses of Parliament. We will
do everything we can to get this
through."
SEE page 7B


4


~9
I~


reduce home


downpayments

* By CARA BRENNEN-BETHEL
Tribune Businesss Reporter
THE Government is planning to reduce the downpayment on
government-guaranteed home mortgages to 5 per cent, it was
announced yesterday, as it bids to strengthen Bahamian home
ownership and bolster the middle class.
Zhivargo Laing, minister of state for finance, told delegates
attending the llth CEO Network: "In due course, we will reduce
the down payment required for government guaranteed home
mortgages to 5 per cent of the total cost, inclusive of utility con-
nection and other fees and charges."
He said property and home ownership were a good means of eco-
nomic empowerment, and Bahamians can look forward to having
Crown Land made available to them at concessionary rates for
home construction and business.
This, Mr Laing said, was to facilitate the construction of 3,000
affordable homes by providing either fully serviced lots and/or
newly constructed houses.
SEE page


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


-- r -- I


~













'Keyword' for e-commerce





is: 'focus on your strengths'


Whether you are
W new to e-com-
merce or an old hand at it,
deciding on the market or
niche to operate in will be cru-
cial to your success. In the
same way that you choose
your spouse, the choice of
your business area will require
some care and strategy. You
will spend many hours work-
ing in your business, so make
sure you are passionate about
what you will be doing, that
your business will challenge
you, and that you will be
excellent at doing it.
If your first instinct is to
research a particular market,
or product area, then you are
putting the horse before the
cart.
The first thing you need to'
do is to Focus on your
Strengths. Whenever you play
to your strengths, you are
going to find things easier to
pick up and do. So go back
and reread my previous col-
umn, What Business to Start,
for a refresher on playing to
your strengths. Rich Schefren,
a business coach and Internet
marketer, writes that you
should try and start a business
where either the core skill
needed to win is a strength of
yours, or where your strengths
will allow you to disrupt the
entire competitive landscape.

The second thing you
need to do is to
research Your Niche. There
are several ways in which you
can do this. One way is to go
to your bookstore and check
out the magazine section to
find areas of interest where
there might be opportunities.
Googljthe yariousa.Tas, yu.
are interested in. to see what ,


the competition is doing, and
whether you can offer some-
thing that is of better value to
your customers. Also, go to
sites such as Amazon and
check what books have been
published in the areas that you
are interested in.
Another thing you can do
is to check the affiliate net-
works and directories. Go to
sites such as ClickBank, search
the products for sale and see if
the area you want to enter is
highly saturated or not.
The third thing you need to
do is Keyword Research if you
want your website to be high


up in the search engine rank-
ings. If you want visitors to
find your website, you will
need to build into your web
pages those critical keywords,
the search terms that people
use when they are searching
the Internet. Use sites such as
WordTracker, where you can
find the keywords that your
customers are using to search
for your type of product.

f you want to advertise
online on sites such as
Google or Overture, your
"seliconi of keywords will be


pay Google 50 cents for every
click through when a customer
searches for that term, Google
will serve them the relevant
page and you will have an
advertising spot to the right
of it.
When the customer clicks
on your advert, and goes to
your website, Google then
charges you for that click
through. So, to ensure you will
make a profit on your adver-
tising campaign, you will need
to research two further things:
You will need to check the
.demand for those keywords.
You can check how many


Business


Sense


important. For example, if you
bid for the keyword 'parental
control e-mail', and agree to


people are bidding for your
keywords by using sites such
as AdwordAnalyzer. If no
one is bidding, or the price for
those keywords is low, it could
mean those keywords won't
bring traffic to your site, or
that there is not enough
potential business to make a
profit in that market.
You will need to establish
the cost of those keywords.
Using AdwordAnalyzer, you
can check what the bid prices
for those keywords are. If they
are too expensive, then it will
be difficult to make a profit.
For example, if you have a
product that has a $10 profit


to your site, only 2 per cent
buy your product, you will
have made a loss, as you spent
$50 advertising (100 visitors x
50 cents) to generate $20 prof-
it (2 products x $10).

f this area is beyond you,
talk to your webmaster,
hosting company or SEO
companies for advice.
The fourth thing you need
to do is to Carry Out a Survey.
Carry out an offline or online
survey to determine if there is
a demand for your product. Go
to sites such as SurveyMonkey
and create your online surveys
where you can view your
responses online. You can also
upload your own e-mail lists
to send the survey to.
The fifth thing you need to
do is to Research The Prod-
uct. Look at other top-selling
products that are non-com-
peting, and review how they
have managed to be success-
ful. What is it about their
product that puts them ahead
of the competition? Is it the
features? Is it the benefits? Is
it customer service? Is it pric-


Remember, the Internet is
transparent, and if you are
reselling a product that is easi-
ly available for others to sell,
then you may be subject to
price wars.


margin, and you pay Google
50 cents per visitor for a par-
ticl" %r%% ord. and for every
100 'viitrs that click through
* .i ^ : ,*


ing? Remember, the Internet
is transparent, and if you are
reselling a product that is eas-
ily available for others to sell,


I


That's why we created Senior Accounts jusi


Introducing the FirstCaribbean Senior Accounts.

These accounts are designed to reward you, and help make your life easier.
After all, you deserve it. Imagine, you pay no fees on most of your transactions
and services. At age 65, you can become one of our preferred Senior Account
customers and enjoy:

* FREE deposits and withdrawals at any FirstCaribbean branch
* FREE account transactions no processing charges
* COMMISSION-FREE travellers cheques
* NO EXTRA CHARGE on standing orders or local drafts
* NO MONTHLY service charges
* FREE account statements twice a year for Senior Savers Account customers
* FREE monthly statements for Senior Chequing Account customers

Choose between the Senior Savers or Senior Chequing Account, or open both,
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t for you.










Visit your nearest FirstCaribbean
branch and start your account today.



FIRSTCARIBBEAN
INTERNATIONAL BANK


GET THERE. TOGETHER.


You will spend many hours
working in your business, so
make sure you are passionate
about what you will be doing,
that your business will chal-
lenge you, and that you will be
excellent at doing it.


then you may be subject to
price wars. Check eBay, as
that is where you will often
see the cheapest price for a
product. Then decide if you
can compete.
The sixth thing you need to
do is to Research the Sales
Process. As the market
becomes more and more com-
petitive, it's becoming more
and more difficult to make
money through online adver-
tising campaigns at the front
end. So, successful marketers
have looked at how to take
that customer. into a path by
selling them something at the
front end with at a slight loss,
and then up selling them, or
selling them something more
expensive, at the back end. If
you can figure out a way to
do this with your product,
then when keywords are bid
up you will still be in a posi-
tion to make money at the
back end.
Selecting your eMarket is a
crucial element of planning.
Get this right and you stand a
greater chance of not becom-
ing a business failure statistic.
So, in order to avoid the trap
of antipreneurship, make sure
you spend sufficient time on
this area, as it will pay large
dividends for your future busi-
ness success.
NB: This column is avail-
able 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, current-
ly lives in Nassau, and can be
contacted at markalex-
palmer@mac.corn
Mark Palmer. All rights
.reserved


- I -- ---





- -


I, I I I ,


PAGE 2B, FRIDAY, JUNE 15, 2007


THE TRIBUNE















BUSINESS
IH ________________ ------- Bk.------------------ --- --- - -- --


he iani eralbFRIDAY, JUNE 15, 2007


THE MARKETS
STOCKS, MUTUAL FUNDS. 8B


INTERNATIONAL EDITION


UNDERWRITERS


DOW 13,3 +7138 Investment banks hurt by subprim
NASDAQ 2,599.41 +17.10 A
A BY JOE BEL BRUNO into other areas of the mortgage investment bank, reported its slowest
10-YR NOTE 5.23 +.02 Associated Press industry, but that the worst may still profit growth in three quarters as its
CRUDE OIL 67.65 +1.39 NEW YORK Wall Street invest- lay ahead. key fixed-income business declined
LKU13UIL i/.bh 1 t. .i.. 9A i--:_----7*- -h ivi t-m e;t bank-


Stocks


rally as


wholesaleC


rise mild

BY MADLEN READ
Associated Press
NEW YORK Wall Street
surged again Thursday, launch-
ing the Dow Jones industrial
average to its best two-day
advance since last July after
data showed that wholesale
inflation, excluding energy and
food costs, is rising at a gentle
pace.
The market was unfazed by
the Labor Department's head-
line producer price index,
which rose 0.9 percent in May
due to surging gasoline prices
a bigger increase than in
April and higher than econo-
mists predicted.
Investors instead were
pleased that the core PPI, which
strips out often-volatile food
and energy costs, posted a small
0.2 percent rise, as expected,
after a flat reading in April.
If core inflation is under con-
trol, the Federal Reserve is
unlikely to lift interest rates, a
possibility that started dogging
the market last week, when the
yield on the benchmark 10-year
Treasury note passed 5 percent
for the first time since last sum-
' a e r . . . .
The 10-year yield edged up
Thursday to 5.23 percent from
5.21 percent late Wednesday,
but stayed well below the peak
of 5.295 percent reached Tues-
day. The market's initial dismay
over rising bond yields and the
diminishing chance of a rate cut
seems to have abated; with
Treasury yields appearing sta-
ble, the market is more at ease
with the idea that the Fed prob-
ably won't lower rates this year,
said Jay Suskind, head trader at
Ryan Beck & Co.
The consumer price index,
an inflation.gauge that is even
more closely watched by the
Fed than the PPI, will be
released Friday.
The Dow rose 71.37, or 0.53
percent, to 13,553.72. The Dow
has risen 258 points over the
past two sessions, logging its
largest two-day point gain since
July 18-19.
The blue chip index is still
122 points below the record
close it hit on June 4, but it is up
287 points from 13,266.73 the
trough it tumbled to on June 7,
after rising yields started spook-
ing investors.
Broader stock indicators also
rose Thursday. The Standard &
Poor's 500 index advanced 7.30,
or 0.48 percent, to 1,522.97, and
the Nasdaq composite index
climbed 17.10, or 0.66 percent, to
2,599.4L
Rising stock markets over-
seas also gave WpJl Street a
boost. "
Japan's Nikkei stock average
gained 0.62 percent, Britain's
FTSE 100 added 1.38 percent,
Germany's DAX index rose 2.19
percent, and France's CAC-40
advanced L90 percent.
The dollar rose against other
major currencies, and gold
prices also climbed.
Crude oil prices jumped $1.39
to $67.65 a barrel on the New
Y6rk Mercantile Exchange,
buoying oil company stocks.
ExxonMobil Corp., Chevron
Corp. and ConocoPhillips all
rose more than 1 percent.
The Russell 2000 index of
smaller companies climbed 4.58,
or 055 percent, to 837.12.
Advancing issues outnum-
bered decliners by nearly 2 to 1
on the New York Stock
Exchange, where consolidated
volume came to 2.80 billion
shares, down from 3.02 billion
Wednesday.


ment banks Goldman sachs Group
and Bear Stearns on Thursday said
fiscal second-quarter profit was
squeezed by the nation's mounting
home-loan defaults.
Both investment banks, among the
world's largest underwriters of bonds
that back mortgage loans, said the
shakeout in the subprime sector con-
tinued to erode performance. The
industry has suffered this year as
delinquencies on U.S. loans to home-
buyers with poor credit have risen to
a four-year high.
Bear Stearns said its profit slid
10 percent, while Goldman mustered
only a 1 percent increase. Top execu-
tives at both investment houses indi-
cated subprime woes aren't spilling


Th ne subprime uusmuiess cuntmues
to be weak, we haven't seen the bot-
tom of the market," said Goldman
Chief Financial Officer David Viniar
in a call with reporters.
SHARES DROP
Investors, rattled by the pummel-
ing both banks took because of mort-
gage exposure, sent shares sharply
lower in midday trading. Goldman
fell $7.40, or 3.17 percent, to $226.24,
while Bear Stearns sank $2.27 to
$147.22.
By the end of trading, Goldman
shares dropped $7.89, or 3.4 percent,
to $225.75, while Bear Stearns shares
rose 11 cents to $149.60.
Goldman, the world's biggest

CONSUMER SPENDING


4' percent.. JnougU UinvOLJsLJt Lt LnILn -
ing and asset management helped
fuel results during the quarter, the
Wall Street powerhouse still was
slammed by its mortgage exposure.
Profit, after paying preferred divi-
dends, rose to $2.287 billion, or $4.93
per share, from $2.286 billion, or
$4.78 per share, a year earlier. Reve-
nue slipped to $10.18 billion from
$10.24 billion a year earlier.
Results still topped Wall Street
projections for earnings of $4.79 per
share on revenue of $10.16 billion,
according to analysts polled by
Thomson Financial.
Investment banking revenue
climbed 13 percent to $1.72 billion,
and Viniar said the backlog of pend-


HIGH PRICED: As the average American struggles with meager wage growth and the rising price of
gas, splurging by the wealthy has risen. Above, shoppers check out handbags on display at the
Bulgari store on Fifth Avenue in New York. Below, a $1 million gold necklace with sapphires and
diamonds is displayed at the same store.



Price tags go up as



the wealthy splurge


BY ANNE D'INNOCENZIO
Associated Press
NEW YORK Forget about the
$350 stilettos. Shoes with status
these days come with $1,000 price
tags. And $600 handbags have
become so bourgeois. A-listers
don't want to be seen with anything
costing less than $5,000.
It's no secret that luxury sales
have been booming over the past
six years. But at a time when the
average American is grousing
about meager wage growth and
feeling strapped by a 30-cent spike
in the price of gas, splurging by the
wealthy has risen to gaudy propor-
tions as the super rich seek new
heights in pampering, price tags
and one-of-a-kind items that set
them apart.
"There's this insatiable appetite
for the most luxurious," said Faith
Hope Consolo, chairman of Pru-
dential Douglas Elliman's retail
leasing sales division, who has
brought European designers
including Versace and Valentino to
the U.S. over the past two decades.
Luxury sales worldwide topped
$150 billion last year, of which
30 percent came from the U.S.,
where such sales have been
rebounding after taking a pause fol-
lowing the 2001 terrorist attacks,
according to Telsey Advisory
Group's James Hurley.
While U.S. store executives say
that the weakening dollar has


fueled a surge of tourists from Asia
and emerging countries like Russia,
whom experts say tend to go for
the bling, luxury stores don't have
to just wait for foreigners. Sure,
investment bankers and Internet
entrepreneurs have kept luxury
sales booming, but the latest source
of new wealth are hedge fund man-
agers the top 25 last year made
more than a combined $14 billion a
year, according to Institutional
Investor.
Experts believe luxury spending
- growing at double-digit rates for
many high-end purveyors won't
lose momentum.


Some social experts warn the
trend will only increase tensions
between the haves and have nots.
The over-the-top splurging is
happening at a time when the
income gap between the wealthy -
those making more than $350,000
- and everyone else is the widest
since the Depression Era; And
while the average American work-
er's income increased 4.6 percent
in 2006, the wealthy have enjoyed
double-digit gains.
According to Carol Brodie, chief
luxury officer at CurtCo Media, the
publisher of the Robb Report,
whose annual issue features the
year's best-of-the-best like a
$330,000 Mikimoto golden pearl
choker, the super rich don't want
just the expensive. What they are
looking for is the rarest item, some-
thing that is custom-made and the
best quality.
Montblanc 'recently sold a
$700,000-plus pen just a few days
after it showed up in the New York
store. The pen, adorned with
rubies, sapphires and diamonds,
took 15 months to handcraft.
Bulgari also reports that single
purchases in the millions of dollars
are becoming more common in the
States.
According to Kelly Bensimon,
founding editor of Elle Accessories,
"Whether it's a handbag, shoe, or
watch, the price of keeping up has
gone up."


e shakeout

ing deals is higher than record levels
seen at the height of the dot-com
boom in 2000. Goldman ranks among
the world's biggest advisers on take-
overs.
PROFITS SLUMP
Bear Stearns, the second-biggest
U.S. underwriter of mortgage bonds,
said the 10 percent slump is the first
quarterly decline at the No. 5 U.S.
investment bank in two years.
The Wall Street brokerage said,
for purposes of calculating diluted
earnings per share, it reported a
profit for the three months ended
May 31 of $374.6 million, or $252 per
shares down from $558.2 million, or
$3.72 per share, a year ago. Excluding
an accounting charge, second-quarter
profit would have been $486 million,
or $3.40 per share.
U.S. ECONOMY


Wholesale


inflation


higher


in May


BY MARTIN CRUTSINGER
Associated Press
WASHINGTON The biggest
jump in gasoline prices in six months
helped push inflation at the whole-
sale level higher in May, although
inflation outside of energy remained
well-behaved.
Wholesale prices rose by 0.9 per-
cent last month, worse than the 0.6
percent advance analysts expected,
the Labor Department reported
Thursday. The price surge was led by
S:-a-10.2percent jump in gasoline prices,
the biggest one-month increase since
last November.
However, food prices declined for
the first time in seven months and,
outside the volatile food and energy
sectors, core inflation posted a mod-
erate 0.2 percent increase. That was
slightly better than the 0.3 percent
advance analysts had anticipated.
Analysts believe the Federal
Reserve, which last moved rates a
year ago, will remain on hold for the
rest of the year. While that puts off
any possible rate cuts, it also means
the Fed won't be raising rates either.
Fed Chairman Ben Bernanke and
other officials were expected to con-
tinue declaring they are more wor-
ried about the possibility of inflation
than that economic growth could
stall out.
"Given the tight labor market and
peppier economy, the Fed will con-
tinue to worry that this favorable
trend could come to an end," said Sal
Guatieri, senior economist at BMO
Capital Markets.
In other economic news, the Labor
Department reported that claims for
unemployment benefits totaled
311,000 last week, unchanged from
the previous week. That was a better
outcome than the small rise in claims
analysts had expected and supported
the view that the job market has held
up remarkably well in the face of a
yearlong economic slowdown.
Overall growth, as measured by
the gross domestic product, slowed
to a barely discernible rate of 0.6 per-
cent in the first three months of this
year, the weakest showing in more
than four years.
Analysts believe the economy is
now rebounding despite a longer-
than-expected slump in the housing
market. Many forecasters believe
growth in the current April-June
quarter will rebound to a more
respectable reading of around 3 per-
cent
The 0.9 percent rise in the depart-
ment's Producer Price Index marked
the fourth consecutive hefty increase
in this gauge, which measures cost
pressures before they reach the con-
sumer. Wholesale prices had risen by
0.7 percent in April and were up by 1
percent in March and 13 percent in
February.
However, the price pressures have
been largely contained to the energy
sector and there have been encourag-
ing signs that this year's surge -
which pushed gasoline pump prices
to record highs is beginning to
abate.
For May, energy prices jumped by
4.1 percent, reflecting big increases in
gasoline and liquefied petroleum gas.


3B


_1__~1__1_1_1___


..


I~~--~------------I'"II -


IIElqlgllllr ~(slllllIlll~(l~l~a~I










INTERNATIONAL EDITION FRIDAY, JUNE15, 2007 14B


BUSINESS BRIEFS


HOME OWNERS


Private mortgage insurance gains favor


FEATURE PHOTO SERVICE
RECALL: Counterfeit toothpaste may look like the real
Colgate toothpaste, above, but it may contain a
poisonous chemical used in antifreeze.


Fake toothpaste


recalled in four states

From Herald Wire Services

Colgate-Palmolive (CL) said that 5-ounce tubes of coun-
terfeit toothpaste sold in discount stores in four states under
a Colgate label are being recalled because they may contain a
poisonous chemical.
A Food and Drug Administration official, Doug Arbesfeld,
said Wednesday that testing had found the chemical in a
product with the Colgate label, but said in the initial
announcement that the FDA was unsure whether it really was
Colgate or a counterfeit.
MS USA Trading, of NorthBergen, N.J., the importer
involved in the initial recall announcement, said the tooth-
paste may contain diethylene glycol, a chemical found in anti-
freeze. The company said the toothpaste, imported from
South Africa, was sold in discount stores in New Jersey, New
York, Pennsylvania and Maryland. "Made in South Africa" is
printed on the box and includes Regular, Gel, Triple and
Herbal versions.


ACQUISITION
BID FOR BOARD OF
TRADE IS RAISED
The parent of the Chi-
cago Mercantile
Exchange (CME) raised its
bid for the crosstown Board
of Trade for the second
time, hoping to trump the
rival ICE exchange for good
as a vote nears on whether
.... to. create an all-Chicago
powerhouse in the global
derivatives industry.
Three days after winning
approval from federal regu-
lators on the proposed
acquisition, Chicago Mer-
,cantile Exchange Holdings
moved to seal it by offering
shareholders of CBOT
Holdings (BOT) $485 mil-
lion on top of the $10.2 bil-
lion already proposed.

AUROMOTIVE
FORD: 27,000 WORKERS
TOOK BUYOUT OFFERS
About 27,000 U.S. hourly
workers have left Ford (F)
under buyout or early retire-
ment offers, the automaker
said. Ford offered the pack-
ages last year to reduce its
work force to match lower
demand for its cars and
trucks.
Initially about 37,000
workers signed up for the
offers, but not all have left
the company, it said.
Ford has until September
to phase in the departures as
it closes plants under a
restructuring plan, and some,
of the workers could change
their minds and stay with
the company.

MIDWEST
SHAREHOLDERS ELECT
CANDIDATES TO BOARD
Shareholders of Midwest
(MEH) elected three candi-
dates to the board of direc-
tors nominated by AirTran
(AAI), which has proposed
a buyout that Midwest has
opposed.
The regional carrier has
steadfastly rejected escalat-
ing offers from AirTran say-
ing it would be more profit-
able alone.
But Midwest chairman
and chief executive officer
Timothy Hoeksema said the
board would allow AirTran
to make a presentation on its
latest offer.


* LABOR
WAGES OUTPACE
INFLATION IN EU
Labor costs in the 13
nations that use the euro
rose 2.2 percent in the first
three months of 2007 com-
pared with a year ago, the
European Union's statistics
agency said Thursday.
The Eurostat agency also
confirmed May inflation
held steady at 1.9 percent,
signifying that wages are
now growing ahead of infla-
tion.
The wage part of total
hourly labor costs in the
first quarter climbed 2.3 per-
cent from the same period in
2007, Eurostat said.
Inflation rose by around
L8 percent during the first
quarter.

* CHINA
STEEL EXPORTS JUMP
77 PERCENT IN MAY
China's surging steel
exports, a source of growing
friction with its trade part-
ners, rose 77 percent in May
compared with a year ago,
according to government
figures reported Thursday.
Exports of rolled steel
totaled 6.2 million tons, the
official Xinhua News
Agency said, citing the cus-
toms agency. It said the May
export total was down 13.8
percent from April.

* VOLKSWAGEN
GERMAN EX-LAWMAKER
CONVICTED IN VW TRIAL
A former lawmaker who
served on the workers coun-
cil at automaker Volkswa-
gen (VLKAF.PK) was con-
victed and fined for lying to
investigators looking into
claims that prostitutes were
hired with the company's
money in Spain and South
Korea.
Hans-Juergen Uhl, who
resigned last month as a
member of the Social Demo-
crats, had confessed before
the trial started earlier this
month. He was fined $52,085
for making false statements,
the Wolfsburg court ruled.
Uhl was charged in Janu-
ary with being an accessory
to breach of trust and with
giving false statements in
previous civil proceedings
against the German media.


LATE TRADING


6:35 pn.
dose
83.29
3.96
37.52
152.80
30.54
5.09
21.35
26.84
47.36
2321
50.07
5823
26.41


Stock
Comcast s
NYSE Eur
Orade
SPMid
Pfizer
WTpnHYn
AdobeSy
FordM
eBay
AT&T Inc
ApldMatl
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6:35 p.m.
dose
27.52
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19.64
165.05
26.38
57.14
43.55
8.65
31.61
40.50
19.42
42.62


BY JEREMY HERRON
Associated Press
NEW YORK Tales of
ballooning mortgage pay-
ments are scaring home buy-
ers straight.
After taking on risky adjust-
able-rate loans or multiple
mortgages to pay less upfront
during the housing boom, bor-
rowers with limited capital for
down payments are increas-
ingly opting for safer fixed-
rate mortgages backed by pri-
vate mortgage insurance.
Applications for private
mortgage insurance, or PMI,
rose 56 percent to 191,525 in
March from February, accord-
ing to the Mortgage Insurance
Companies of America, an
industry trade group. Volume
fell in April, but remained well
above rates from last year.
"The consumer is getting
more cautious and returning
to the tried and true fixed-rate
loan with insurance," said
Susan Wachter, a real estate
professor at the Wharton


BY GARY GENTILE
Associated Press
LOS ANGELES In a
break with other Internet ser-
vice providers, AT&T will
work with Hollywood studios
and recording labels to devise
technology that identifies off-
shore content pirates who use
its network to upload illegal
copies of movies and music.
Although details remain
sketchy, the effort worries pri-
vacy advocates, who fear the
San Antonio-based company
could become a beat cop,
0 monitoring which websites
customers visit and what com-
4 puter files they share.
0 Technology officers from
7 several entertainment compa-
5 nies met June 5 in San Antonio
5 to discuss the effort, which
4 could take months and quite
possibly fail to produce a solu-


School of Business.
Private mortgage insurance
is typically required of a buyer
who wants a fixed-rate mort-
gage but has a down payment
of less than 20 percent. It costs
a fixed percentage of the total
loan, usually less than 1 per-
cent, and insures the lender
against default.
About $72.9 billion, or 11
percent, of the $680 billion in
new mortgages originated in
the first quarter were backed
by PMI, according to Inside
Mortgage Finance, a weekly
industry newsletter.
A SHIFT
That percentage is rising,
said Guy Cecala, the newslet-
ter's publisher and not just
because of consumer caution.
"I don't want to give con-
sumers too much credit," he
said. "The growth is also due
to the fact that there's been a
shift away from 'subprime'
mortgages toward conven-
tional ones."


Lenders have curbed loans
to people with poor credit
after that category had a surge
in defaults and delinquencies.
To qualify for federal backing
from Freddie Mac and Fannie
Mae, loans must carry insur-
ance.
But during the housing
boom that ended nearly two
years ago, lenders were less
worried about defaults or fed-
eral guarantees, and offered a
host of options for borrowers
without a large down pay-
ment.
Many customers took on
loans that had low introduc-
tory payments that would
reset a few years later. With
home prices rising, owners
reasoned they could either sell
the property before the pay-
ment rose, or refinance at a
lower or fixed rate.
"People thought the system
was working for them, so why
pay more initially when prices
are rising?" Wharton's Wach-
ter said.


Legal questions include the privacy interests of
customers and legitimate distributions for
educational uses or works in the public
domain.


tion that would be technologi-
cally feasible and protect cus-
tomer privacy.
"It's daunting," said James
W. Cicconi, AT&T's senior
executive vice president of
external and legislative affairs.
"We're trying to see if we
can devise a technology that
can address the problem," he
said. "Then we'll have to
address the legal issues."
Legal questions include the
privacy interests of customers
and legitimate distributions
for educational uses or works
in the public domain.


Cicconi said such issues
will not be ignored.
"We're not trying to be an
enforcement agent against our
customers," he said. "The
intent is to devise a network-
based approach to dealing
with this problem."
In confirming the effort
Thursday, Cicconi acknowl-
edged that AT&T's interests
have become more aligned
with content providers.
Like its telecommunica-
tions rival, Verizon, AT&T has
launched its own television
service to compete with cable


One of the most popular
tools was a "piggyback" loan.
In what is known as a 80-10-10
loan, borrowers took out a
mortgage for 80 percent of the
home, paid 10 percent in cash,
and then piggybackedd" a sec-
ond mortgage onto the first for
the remaining 10 percent. The
second mortgage typically had
higher interest at an adjustable
rate.
PIGGYBACK LOANS
With interest rates rising,
that second loan is becoming
more expensive. Demand for
piggyback loans fell to an esti-
mated 41 percent of the low
down-payment market in the
first quarter of 2007 from 54
percent in the year-ago period,
according to a report by
Wachter and Genworth Mort-
gage Insurance Corp.
With smarter consumers
and stingier lenders, PMI is,
virtually by necessity, in
vogue again. And that's good
news for the industry.


CONSUMERS


RESEARCH:
Director James
Neal-Kababick
examines a
sample of
dietary
supplements at
the Flora
Research
Laboratories in
Grants Pass,
Ore.


JEFF BARNARD/AP


Bogus ingredients found in imports


BY JUSTIN PRITCHARD
Associated Press
LOS ANGELES Ameri-
can consumers are being
ripped off and their health
possibly put at risk because of
bogus ingredients slipped into
imports ranging from tooth-
paste to dietary supplements.
Suppliers who substitute
cheaper ingredients for the
real thing seldom get busted
because the government and
private labs review few of the
products flooding in.
Recent bouts of bad ingre-
dients in pet food and tooth-
paste showed how suppliers
can fool the limited safety
checks.
Fad-driven supplements are
particularly vulnerable a
rush of demand for a pill with
an expensive key ingredient
such as chondroitin can pre-
sent a quick-buck opportunity.
Much like anti-doping officials
tasked with ensuring that ath-
letes are clean, by the time sci-
entists spot how their tests are
being cheated, suppliers have
a new trick.
"People want low prices
and they want quick turn-
around time," said Jana Hil-
dreth of the Analytical


Research Collective, a group
of scientists advocating better
dietary supplement testing.
"And what's the one thing you
cut? Well, quality control."
Ingredient substitution is
not a priority of the U.S. Food
and Drug Administration,
unless officials conclude con-
sumers are being exposed to
harm. As a result, regulators
only take action after prob-
lems surface.
Such complications are
underreported. Companies
haven't had to relay incidents
to federal regulators, though
new tracking requirements
begin in December.
Multiple private labs that
test supply quality have in
recent years found a hodge-
podge of pills lacking adver-
tised ingredients, including
chondroitin, saw palmetto, bil-
berry and coenzyme Q-10.
Each is relatively expensive
and many are supplied by
China, a country with a long
tradition of herbal remedies
and a history of poor food
safety.
The products are supposed
to help with joint pain, pros-
tate health, vision and the
heart, though federal law pro-


hibits most claims that supple-
ments treat or cure illness.
That has hardly hampered
the industry. Last year, Ameri-
cans bought an estimated $1.4
billion worth of those four
supplements alone, an
increase of 28 percent over
four years, according to Nutri-
tion Business Journal.
An example of how unscru-
pulous suppliers can swoop in
to exploit a situation came
after hurricanes thrashed Flor-
ida in 2005, derailing saw pal-
metto production.
To fill the void, Asian sup-
pliers began hawking "Chinese
saw palmetto" for $60 per
pound. It was an obvious
scam: The saw palmetto plant
grows in the Southeast. The
extract being peddled was
based on palm oil, which is
worth less than $1 per pound
and which no one claims has
medicinal properties.
Despite the rip off, suppli-
ers were not held accountable.
James Neal-Kababick,
director of Oregon-based
Flora Research Laboratories,
said his firm routinely finds
supplements with problems.
One issue, he said, is anticipat-
ing what hot product will be


doctored next.
"At some point, there's
going to be a shortage, and
that's when you're going to see
the adulteration," Neal-Kaba-
bick said.
"It can be dangerous or it
can just be a rip off."
The dietary supplement
industry's main trade groups
said ingredient substitution is
overhyped as a problem. They
cite powerful business incen-
tives to ensure products work
as advertised and don't harm
anyone.
"Responsible companies
understand that they have a
relationship of trust with their
consumers," said Steve Mister,
president and CEO of the
Council for Responsible
Nutrition.
Like Mister, other industry
officials allowed that some
unscrupulous firms make bad
products but said those are the
rare exception among the hun-
dreds of U.S. supplement mak-
ers.
Firms with a reputation for
quality say they invest in find-
ing reliable sources and even
then test all the supplies
because some batches will
inevitably be bad.


and satellite. The service has
increased companies' depen-
dence on studios, which have
been pressing Internet service
providers to more aggres-
sively stem piracy.
"We've been considering
these issues of piracy, and we
do feel the interests of our
shareholders are aligned with
the interests of the content
community," Cicconi said.
"We very much have a
stake, as they do, in trying to
stem illegal appropriation of
that content," he said.
Cicconi said the effort is
primarily aimed at pirates who
set up operations in other
countries and upload massive
amounts of illegal files using
AT&T's network. He said the
technology being developed
would not target those who
download those files.


*I .. -. .


* RETAIL


INTERNET


AT&T efforts to stem piracy raises concerns


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THE MIAMI HERALD I MiamiHerald.com


--


--






FRIDAY, JUNE 15, 2007, PAGE 51


THE TRIBUNE


Bahamians must "" D 0



'bring something



to the table' when



joint venturing


* By NEIL HARTNELL
Tribune Business Editors
BAHAMIAN contractors
who enter into joint ventures
with foreign counterparts to
help them participate in major
investment projects "must bring
something to the table", the
outgoing Bahamian Contrac-
tors Association's (BCA) chair-
man said yesterday, warning
that developers and the industry
would not tolerate "rubber
stamps".
Terrance Knowles told the
BCA's 2007 AGM that devel-
opers were encouraging
Bahamian construction compa-
nies to enter into joint ventures
with foreign contractors to
enable them to qualify for larg-
er projects which, due to financ-
ing and resources constraints,
they would be unable to partic-
ipate in on their own.
But these joint ventures had
to be "legitimate, bona fide"
partnerships, Mr Knowles
explained, with the Bahamian
contractor heavily involved in
the work rather than acting as a
'front' or receiving a minor per-
centage of the profits.
During the Phase I and Phase
II Atlantis construction projects,
Mr Knowles said, "a lot of
Bahamian companies skimmed
1, 2, 3 per cent off the top by
signing paper, and had no
active, legitimate involvement
in the project".
Reflecting on his two years
at the BCA's helm, Mr Knowles
said the Association was suc-
cessful in getting the Govern-
ment to introduce legislation
mandating that foreign con-
tractors paid a bond equivalent
to 1 per cent of their business
licence fee upfront. This was


done to ensure the bond was
paid at the time business was
awarded, rather than when for-
eign contractors sought to
renew their business licence at
year-end.
Mr Knowles said the BCA
had found that many foreign
contractors had been reincor-
porating at year-end under a
different name, applying for a
new business licence and paying
just a $10 fee.
"Those [non-Bahamian] con-
tractors are also unable to be
awarded more than one con-
tract at a time," Mr Knowles
added. "Whether it is being
enforced is difficult to say."
The BCA's membership had
not increased during his tenure,
he said, and the Association had
also failed to establish Chapters
and attract members on the
Family Islands. Only 60 per cent
of the BCA's current member-
ship was paid up to date.
Another disappointment,
which Mr Knowles said he
hoped would be addressed by
the Ingraham administration,
was that the BCA was "unable
to convince" the former Christie
government to establish a Tech-
nical Committee, staffed by
contractors, engineers and
architects, to provide advice to
the Government when it was
negotiating with developers.
There was better news on the
BCA's relations with Kerzner
International and Baha Mar.
Aided by the Ministry of Finan-
cial Services and Investments,
the BCA had helped Bahamian
contractors to win substantial
work on the Atlantis Phase III
project, and Baha Mar "has
assured us it intends to use qual-
ified Bahamian contractors as
much as possible" for its $2.4


billion Cable Beach develop-
ment.
Mr Knowles said the BCA
would use the arrangements
worked out for Phase III as "a
model" for future talks with the
likes of Baha Mar, plus the
developers behind the Ginn,
Albany and Royal Island pro-
jects.
The BCA had already talked
to Baha Mar and the Guana
Cay developers, although not
Ginn yet, "to ensure these
developers break out their pro-
jects into sizeable chunks that
Bahamian contractors can qual-
ify for and have a great oppor-
tunity to bid on".
"On Albany, although we
have not met with them, they
have committed to some type
of arrangement where Bahami-
an contractors qualify for a
greater proportion of that pro-
ject, and some of the work let
out to tender indicates that will
be the case," Mr Knowles said.
He added that Baha Mar said
it had created a database of
Bahamian contractors, and
when projects went out to ten-
der they would use submissions
by these firms to determine who
to send out requests for pro-
posal (RFPs) tO.
Mr Knowles said the Baha
Mar project, especially the
Commercial Village and road-
works, which had gone out to
tender three to four times
already, had been held up by
the developers' need to nego-
tiate a supplemental Heads of
Agreement with the Govern-
ment.
"Some of the lands are not
yet transferred over to them,"
Mr Knowles said. "They are
unable to issue the award of
those contracts for construc-


VEHICLES MUST SELL

SALE SATURDAY 16TH JUNE

1 DAY SALE


8 AM


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CARS, VANS AND TRUCKS




PRICES AS LOW AS $500 $25,000


Shell Action, Opposite the Old Shirley St. Theatre

Next Door To Sun T

Tel: 393-2000

Fax: 393-6836


CARIBBEAN CROSSINGS LTD.


The Company would like to inform all holders of Caribbean
Crossings Ltd. 8% Series A Preference Shares that the
scheduled Second Redemption Installment payment will be
made on July 1, 2007 to all shareholders of record June 15,
2007. This payment is being made in accordance with the
terms and conditions attached to the Series A preference
shares which are as follows:

"..the Company will make five (5) annual redemption
installment payments of $2.00 per share commencing
July 1, 2006 and on each July 1 thereafter through and
Including July 1, 2010. The Series A Preferred Shares
will be redeemed for cash through such annual $2.00
July 1 payments, plus any dividends accumulated but
unpaid to the redemption date."

Caribbean Crossings is an International wholesale
Internet and Data company that operates a fully redundant
submarine fiber optic network linking the four islands of New
Providence, Eleuthera, Abaco and Grand Bahama with
the continental United States on two diverse fiber landing
points in South Florida. Caribbean reported total revenues
of $12.4 million in 2006 and net income of $5.9 million.
Caribbean Crossings is a wholly owned subsidiary of Cable
Bahamas Ltd. Cable Bahamas is telecommunications
broadband provider and offers digital television services,
broadband Internet and circuit services throughout the
Bahamas. For the year ended December 31, 200'6 Cable
Bahamas reported total revenues of $65.9 million, EBITDA
of $32.8 million and a net income of $18.1 million. Cable
Bahamas provides services on 17 islands in the Bahamas
with over 360 full time and contracted employees. To
find out more information about Caribbean Crossings
and Cable Bahamas visit the respective web sites at:
caribbeancrossing.com and cablebahamas.com


.ifal

... ....








PAGE B, FIDAY JUN 15, 007UHEITIBUN


4UBS

UBS Trustees (Bahamas) Ltd., a leading international trust
company, is looking for a

New Business Officer

Responsibilities:
Review business established to ensure policies and
procedures are adhered to;
Ability to vet tailor-made deeds;
Undertake the processing of new business ensuring
proper due diligence is in place and adherence to
policy and procedures;
Serve as signatory on assigned companies;
Handle research into and prepare responses to client
enquiries including responding to and preparing a
range of correspondence;
Undertake the processing of New Business ensuring
proper due diligence is in place;
Prepare proper minutes, resolutions, account opening
forms, share certificates and relevant checklists for
new accounts;
Liaise directly with clients, their professional advisers,
trust company agents, bankers, investment advisors,
etc. in respect of routine matters;
Review and maintain accuracy of static and processing
data;

Required Qualifications:

STEP designation;
5 years of trust administration experience;
5 years legal experience;
Good analytical skills;
Good knowledge of finance industry in general and
especially foundation business and fiduciary products;
Good interpersonal skills;
Computer literacy;


Interested persons should submit a full resume, to:

UBS Trustees (Bahamas) Ltd.
Human Resources
Re: New Business Officer
P.O. Box N-7757
Nassau, Bahamas

or
hrbahamas@ubs.com
Re: New Business Officer



COMMONWEALTH OF THE BAHAMAS 2006
IN THE SUPREME COURT No.00229
Equity Side

IN THE MATTER OF ALL THAT piece parcel or tract of
land containing 27. 508 acres,and situate wvestwarL. -
of the settlement of Port Howe in the Island of Cat Island
in the Commonwealth of the Bahamas
. AND
IN THE MATTER of the Quieting Titles
Act, 1959
AND
IN THE MATTER of the Petition of Rebecca Bain
Notice

NOTICE is hereby given that Rebecca Bain, of the
settlement of Bain Town in the Island of Cat Island, one of the
Islands of the Commonwealth of the Bahamas claims to be the
Owner of the unincumbc :ed fee simple estate in possession of
the land hereinafter described that is to say:-

ALL THAT piece parcel or tract of land
containing Twenty-seven and Five hundred and Eight
hundredths(27.508)acres situate westwardly of the settlement
of Port Howe in the said Island of Cat Island being a portion
ol a tract of land originally granted by the Crown to Samuel
Gambier which said piece parcel or tract of land is known
as and called "New Field" which said piece parcel or tract
of land is bounded on the NORTH by Queen's Highway and
running thereon Two thousand Two hundred and Nineteen and
Twenty-nine hundredths (2,219.29) feet more or less on the
NORTHEAST by land now formerly the property of Cat Island
Deep South Association and running thereon One hundred and
Seventy-eight and Seventy-seven hundredths (178.77) feet
more or less on the SOUTH by the sea and running thereon
Two thousand Four hundred and Nineteen and Seventy-six
hundredths(2,419.76) feet more or less on the NORTHEAST
by the sea running thereon Four hundred and Twenty-two
and Six hundredths (422.06) feet more or less and on WEST
by land now or formerly the property of N.J. Love and
running thereon Eight hundred and Ninety-two and Fifty-eight
hundredths (892.58) feet more or less and has made application
to the Supreme Court of the said Commonwealth of the Bahamas
under Section 3 of the Quieting Title Act, 1959 to have their title
to the said land investigated and the nature and extent thereof
determined and declared in a Certificate of Title to be granted
by the Court in accordance with the provisions of the said Act.

A Plan of the said land may be inspected during the hours of 9:
30am to 4:30pm, Monday through Friday at:

1. The Registry of the Supreme Court,
Street, Nassau, Bahamas.
2. The Chambers of Martin, Martin & Co.,
The Pond Plaza, (East Bay and Ernest Sts.)
Nassau, N.P, Bahamas
Notice Is Hereby Given that any person
having Dower or right to Dower or any Adverse Claim
or Claim not recognized in the Petition shall on or before
the 27th, day of July, A.D 2007, file in the Registry of the
Supreme Court and serve on the Petitioners or the undersigned, a
Statement of their claim in the prescribed form verified by an


Manufacturer's profits




fears on duty reduction


FROM page one
This type of window, Mr
Rogers said, was especially pop-
ular with persons who did not
have air conditioning or wanted
to minimise its use in order to
save electricity costs.
Bahamas Aluminium Manu-
facturing, Mr Rogers said,
"manufactures these windows
from scratch", importing raw
aluminium into the Bahamas
and then allowing its 'stamping'
employees to press it into win-
dows. The only items that the
company did not manufacture
were the screws, rivets, screen
material, glass and the mecha-
nism that opens and closes the
window.
Mr Rogers said the duty cuts
would only benefit the multi-mil-
lion dollar Florida-based com-
panies, such as PGT and Yale


Orgin, that it had to compete
with, making their prices even
more competitive against his.
Awning windows made by
these firms, he said, were not
used in the US, and were only
retained for export to the
Bahamas and the Caribbean.
These Florida-based compa-
nies also faced much lower
operating and fixed costs, Mr
Rogers explained, because even.
though Bahamas Aluminium
Manufacturing had modern,
automated production equip-
ment, the US firms commerciall
kilowatt charge for electricity
is 10 per cent of what we pay".
Bahamas Aluminium Manu
facturing's predicament indi-
cates that the Government will
have to be more careful when
taking into account the wider
impact of customs duties reduc-,
tions on select items, as it poten-


NOTICE
NOTICE is hereby given that DERISSON NOEL OF PALM
BEACH, P.O. BOX N-4705, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship,
for registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 15TH day of JUNE, 2007 to the Minister responsible
for Nationality and Citizenship, P.O.Box N-7147, Nassau,
Bahamas.


^ NAIUREiN


o nautilusR
W^E ITH 84 TRACE M "g1''


With knowledge in electrical
and plumbing .....


Worker must be abie to w6rk a
12 hour shift.


Please contact us at:
1-(242)-377-0444-6 or
Fax resume to 1-(242)-377-0276.


Serious Inquires Only






s cotiamt




Scotiatrust is inviting applications for the following
position:

Client Accounting Officer

Responsibilities include:

* Prompt and accurate preparation of financial
statements for trust, company and agency
accounts.

* To comply with and contribute to the maintenance
of effective internal controls relating to
accounting functions.

* Provide effective assistance to account
administrators.


Qualifications and skills required:

* Bachelor's degree with a major in Accounting
* CPA or other similar qualifications would be an
asset
* Knowledge of accounting for trusts and related
structures
* Strong PC software skills
* Good analytical and communication skills
* Ability to work within given time constraints

Interested persons should submit applications by
June 20, 2007 to:

Manager Operations
The Bank of Nova Scotia Trust
Company (Bahamas) Limited
P.O.Box N-3016
Nassau, Bahamas
Fax: 326-0991

IIIH H II IH I I I I I I II II


tially deals another blow to the
alrcady-fragile Bahamian light
manufacturing industry.
Mr Rogers told The Tribune
that the planned duty reduc-
tions had also interfered with
plans for Bahamas Aluminium
Manufacturing to expand into
producing single hung windows
and French doors that are con-
structed to impact-approved
standards in the Florida build-
ing code.
Bahamas Aluminium Manu-
facturing hoped "to be in pro-
duction in the next couple of
months" on the new products,
Mr Rogers saying the compa-
ny had already invested $70,000
in having them tested to ensure
they met the required stan-
dards. A further $120,000 had
also been invested in purchasing
the tools and equipment needed
to make them.
Yet the 10 per cent duty cut
had thrown Mr Rogers' market
research and studies on the new
products out of line, as they had
been based on a 35 per cent tar-
iff applied to competing plastic
and steel window imports.
"It really has thrown a spoke
in our wheel. I am very con-
cerned about the impact of this
change, but I'm so far in I can't
go back," Mr Rogers said.
"They really need to think these
things through.
"It's a slap in the face for us.
I really have second thoughts
as far as confidence in our gov-
ernment when it comes to local
industry."
Bahamas Aluminium Manu-
facturing's expansion plans
would involve the hiring of an
extra 20 employees, and the
possible creation of new plant at
the Soldier Road Industrial
Park, on land purchased from
the Bahamas Agricultural and
Industrial Corporation basic) .
Mr Rogers pointed out that
the 10 per cent duty cut was
probably equivalent to "1 per


cent on the bottom line". Using
an example, Mr Rogers said
that in manufacturing business-
es, if 3 per cent flowed through
to the bottom line, the business
was doing well, with retail flow
through at about 6 per cent and
professional and commercial
services enjoying considerably
more.
If the 10 per cent duty cut
took away 1 per cent of the
company's bottom line, it would
lose 1/3 of its profits.
Bahamas Aluminium Manu-
facturing's awning windows are
used in all the Bahamian gov-
ernment's low-cost homes, and
Mr Rogers said he had met with
the Ministry of Housing and
BAIC several times in a bid to
get the company nominated and
specified as a local manufactur-
er of choice, but without suc-
cess.


The4_Way
T Test


of things we
think, say or do
1. Is it the TRUTH?
2. Is it FAIR to all
concerned?
3. Will it build
GOODWILL and
BETTER
FRIENDSHIPS?
4. Will it be
BENEFICIAL to
all concerned?
www.rotary.org


0


Notice is hereby given that the Twenty-seventh
(27th) Annual General Meeting of THE
PUBLIC WORKERS' CO-OPERATIVE
CREDIT UNION LIMITED will be held at
The British Colonial Hilton Hotel, West Bay
Street, on Friday, June 22, 2007 commencing
at 6:30pm for the following purposes:

To receive the report of The
Board of Directors.

To receive the Audited
Accounts for 2006.

To elect members of The Board
of Directors.

To discuss and approve the
budget for 2008.




ir- s 6 S t'*u lic okr















All members are urged to attend.


Refreshments will be served!
orteEuainIomte r


allidavil to be filed therewith. Failure of any such person to file
and serve a Statement of the said Claim on or before the 27th
day of July, A.D.2007, will operate as a bai to such C('laimn

Dated this 4th day of June, A.D.,2007

Martin, Martin & Co.
Chambers-
The Pond Plaza,
East Bay and Ernest Streets,
Nassau,N.P., Bahamas

ATTORNEYS FOR THE PETITIONER


THE TRIBUNE


PAGE 6B, FRIDAY, JUNE 15, 2007









THE TRIBUNE


FRIDAY, JUNE 15, 2007, PAGE 7B


Passing Contractors Bill



the 'number one focus'


FROM page one
He added that the Bahamian
construction industry was in
desperate need of tighter, for-
mal regulation, given the wide-
spread building activity going
on across this nation's islands.
The Bill, which would
require all Bahamian contrac-
tors seeking and contracting
for work with the public to be
licensed, aims to safeguard res-
idents and businesses from
shoddy workmanship per-
formed by unqualified, disrep-
utable companies that may be
proliferating as a result of the
heightened construction
demand. Their activities can
give the reputable construction
companies, who are in the
majority by far, a bad name.
Mr Wrinkle said: "Regulat-
ing the industry is the number
one task. It's come to a point
where something has to be
done. There is too much work
going on, and no one knows
what's being done."
The Contractors Bill cur-
rently lies in the Attorney
General's Office, which was
last known to be making the
amendments to its contents
and wording that were agreed
by industry and the Govern-
ment.
Once the Bill was finalised,
it would than have to go to the
Minister of Works, Earl
Deveaux, for approval. He
would then take it to Cabinet
to have it signed off, before it
was tabled in Parliament.
Mr Wrinkle said the new
BCA Executive Council was
hoping to meet with the Attor-
ney General's Office, "possi-
bly next week", to find out
how far the drafting process
had gone, with a view to the
Bill reaching Mr Deveaux as
soon as possible.
The BCA was also seeking a
meeting with Mr Deveaux
within the next seven to 10
days.
Terrance Knowles, the out-
going BCA chairman,
described the fact that the
Contractors Bill had not yet
reached Parliament as one of
the biggest disappointments of
his two-year tenure. *
He said the BCA had hoped
the Bill would have been
tabled before the May 2 gen-
eral election by the former
Christie administration, but it
did no happen.
"Where we are with this Bill,
I don't know," Mr Knowles


said. He added that under the
former PLP government, the
Ministry of Works and Public
Utilities had assigned a non-
government representative to
work with the BCA on draft-
ing the Bill, and following pro-
posals and counter-proposals,
final recommendations had
gone to the Attorney Gener-
al's Office.
"It is our intention, with the
change of government, to
approach the Attorney Gen-
eral's Office and see where we
are with this particular Bill,
and how soon it can be
brought forward," Mr Knowles
said.
Mr Wrinkle added that the
Bill was "going to licence the
construction industry, so if a
contractor in the Bahamas
wants to contract for work with
a member of the public, they
will be in possession of a valid
licence".
He explained that the Bill
proposed to create three tiers
of licensing, for small, medi-
um and large contractors.
There would also be spe-
cialised licences for the likes
of electrical firms and
plumbers.
"It protects the public from
unscrupulous contractors by
giving them an avenue of
recourse for faulty or shoddy
workmanship," Mr Wrinkle
said.
However, he added that the
licensing system would also
give contractors "leverage"
based on the size, scale and
complexity of buildings and
structures they had built. The
licences would be based on this
criteria.
"It's pretty simple, well
thought-out and designed.
There's a place for everybody,"


Mr Wrinkle said. "There is a
clause to grandfather in peo-
ple in the industry. No Bahami-
an in the industry will be kept
out of the legislation."
To be grandfathered in
under the Bill and obtain the
relevant licence, existing
Bahamian contractors would
have to show and demonstrate
to the BCA that they had com-
pleted the equivalent scope of
work.
"From there on, the intent
is to have a licensing exam,"
Mr Wrinkle said.
He added that the Bill would
also prevent foreign contrac-
tors from simply walking into
the Bahamas to do jobs that
Bahamian contractors can do.
"They will have to partner
with a licensed Bahamian con-
tractor of that level," Mr Wrin-
kle said. Using the example of
Cavalier Construction's build-
ing of Kerzner International's
$80-$100 million Phase Ill con-
vention centre expansion, the
BCA president said that any
foreign contractor coming here
to do such a job would have
to partner with Cavalier under
the proposed legislation.
Mr Wrinkle said the BCA
also wanted the Ministry of
Works to publish a list of forth-
coming public contracts to
licensed Bahamian contractors,
rather than use a closed, non-
transparent process that result-
ed in contracts being awarded
to "cronies and generals".
The BCA is also seeking to
partner more effectively with
real estate agents, architects
and engineers, and develop a
more effective way for its
members to learn what con-
struction jobs were coming up,
how they could get involved,
and who the contacts were.


The Tech Prep Program is a series of courses designed to help
students develop their academic skills in the areas of Math
and English, before proceeding with their regular curricula
courses in the fall.


Classes Begin: June 25, 2007


Classes End: August 3, 2007


Registration: Bahamian $50.00

International $150.00


ABACOMA ETS
{S. I M 1 E0

Abaco Markets Ltd. P.O. Box SS-6322 Town Centre Mall, 2nd level, Blue Hill Road Nassau, The. Bahamas Tel: 242.325.2122

FIRST QUARTER, 2007
Copies of a full set of the urudted financial statements can be obtained from Tiiany Bowe, at Abacr Markets C'orporLte Offices at Town Centre Mall Blue Hill Road Nth.i:,.,I Tne Bahanma,


CONSOLIDATED BALANCE SHEET


(Expressed in Bahamian $000) (unaudited)


Assets


Liabilities


Shareholders' equity


April 30,
2007


$ 27,785
(19.3131


$ 8,472


January 31,
2007


29,232


(21.626)


7,606


CONSOLIDATED STATEMENT OF OPERATIONS


(B$000) (unaudited)



Sales


3 months ended 3 months ended
April 30, 2007 April 30, 2006


$ 20,591


19,225


Cost of sales (14,460) (13,399)
Gross profit 6,131 5,826

Selling, general and administration (5,701) (5,743)
Other income 100 87
Net operating profit 530 170

Gain on disposal of investment (note 4) 150

Pre-opening costs (note 5) (66)

Interest expense (81) 8i84)
Dividends on preference shares (210) (200)
Net profit/(loss) from continuing operations 323 (214)

Net profit/(loss) from discontinued operations 56 (133,

Gain on disposal of subsidiary (note 1) 37

Restructuring charge 350 (1,500)


Net profit/(loss) for the period $ 766 (1,847)


Income/(loss) per share


$0.048


($0.116)


CONSOLIDATED STATEMENT OF CASH FLOWS


(B$000) (unaudited)


Cash flows from operations


3 months ended
April 30, 2007


3 months ended
April 30, 2006


Net profit/(Ioss) for period $ 766 (1,847)


Net cash (used in)/provided by
operating activities (444) 1,144


Net cash provided by/(used in)
investing activities 1,777 (150)


Net cash used in financing activities (2,688) (900)



(Decrease)/increge in cash $ (1,355) 94


: 'PLANATORY NOTES TO CONSOUDATED INTERIM RNANCIAL STATEMENTS
Three months ended April 30, 2007


1. DISCONTINUED OPERATIONS
"i April 30, 2007, the Company com-
pleted the sale of Cost Right Turks and
its associated property for
$2./('7,000 plus $211,000 repre-
sent,ng the value of net current
assets. $2.5m of the proceeds were
received on closing and $200,000 will
be payable over 3 years. This note
earns interest of 8.5% per annum.
Assets of discontinued operations rep-
resent cash balances, while liabilities
of discontinued operations represent
closing costs of the sale transaction.
2. PREFERENCE SHARES
On March 31, 2007, the Company
informed the holders of the Class A
preference shares that it would be
making a redemption of $267,500 on
June 30, 2007. This represents a
partial payment on the redemption
due on December 31, 2007.


3. PROPERTY REVALUATION SURPLUS
As a result of the sale of the property
associated with Cost Right Turks, the
property revaluation surplus relating to
that property was transferred against
the accumulated deficit.
4. SALE OF INVESTMENT
On March 31, 2007, the Company
completed the sale of its investment in
BSL Holdings Limited for $2,650,000.
$2,500,000 of the proceeds were
used to repay the bank debt taken up
to finance the investment.
5. PRE-OPENING COSTS
Pre-opening costs represent costs
incurred in the relocation of Cost Right
Freeport from its former location on
Milton Street to The Mall, which were
not capital in nature.


Share your news

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


REPORT TO SHAREHOLDERS
I i.m olw i-ed In rept ou yu I the rerSuI, of ourl 1jan:J ,ji 2007 ja 2 r'.'.'( ue
udartir ou putfits ar oiu Company lor Irie firrip ii idri,. yr. I
We are seeirig rroipod rsu4ts in 01.2007., ik- df,~as art ,o ( or itir inlo neradanoy
Opera rln pfmI on oo f xlinljl opersfi.ns,. ILuIe- inltrer-: c.-1,1 I,: ."J i52'.0'
cmnpae J to W 8.00 wu (r fl- arr periw d L.W yar'i AIlM lr ripr)t L ,rt. Iur.e
oteriatig ptifis e .are .2 ) iOnl mparied toi 0.- oi $ 15 1 0u lo. r tie .,arrie per,. d
Jas year. In addicri, oui Iup has poiaed a lid l acre. of I'i 7 r. and ja 5 :.
inease in grnrss margin F- F.i i eres i alt, c ,mut rIj, ma ea m rri.miri,
silenT wS h tla yfyear a lt 5 7m whIle tfuri.rn a a j [rLarire t 'of *-ait 27 2 -
clmpdfred IT 29 9% of sal-: in 01 21006 We teve reio-r l a a ri pt.iit v Oe qjar.,ir
( 5$766,000 cow ,ared to a ki. f 1 1 i7m 1 r the sarime pertil t lee pru)j,s year
whIch had irduled a reurtunrl Jchrgp of $1 5mri Indudied i tire iunnri rQuanlr'
int v il mL .e $1 5.0C(0 gain on t ae uale 01 our inveA.mer i ,ii i L nH,,dinI., ,lt-iiu4
lrti a $350 0XO wnl trbair of a reslp crrin prrovinn r I l hid been Ueri in r201i6
relatin IIi tsrl ftgnI Turk
The nrst quarter Of 2007 iso [,rouqt tlo n enld iii r diven.?mrl r.ye:.r a aIorg [rl.,
Lf out core rnrt d straegy, wfit tie igalie n mie Cimiipany. E'SL HU1li: i,'viniint
an1d fie sale nof Cos Rig Tur P Ii F.Pr.,L ftrmT oI .3 of th e fB1 .,in,-,g
eni eni :re used I [repay leDI a-xUeld wrin in 2mIen ithe prixe--I A ti
satde ij Cst Riht Turks were usi to repay 11it gro.'-i, fii it Rvil KnP 111,V irala
leni, del orn May29 20i7 M aJ ndee remalrrii tlan)ex rtiel be use -Io1 [o dwn i ii..i
t.'nrxy'ate verdrafl wtr:h i:reia' dle it 're r t .t',r If r .(,.:t Hpilt Frp:r:,
WiV Ie mcompletoYi oa these bransacti, con te heI limrmn...n our irTr, ,itri
which LtMtfj y ,f o A ri ennatet Irff e del- rJ,.ied i.,t wnir h tfe ne 3 .iinfir,iaIr
ipart Iuri o rewmirces inl f yars WteareTem aira.)smatr mrre mearirwni
cwrpany laN tttalf poaonea mo ro.us on Ire OWr pan ,i iU> mic r IU '2arl :iat4y
wh rJlr6 e nhar.:rg m ircu iraer ae en.m aincijie r inI) aviir mI ti'0 1 Ilref
raigI d ij n uui arOn r pe ,dljns
Tais ce a r mniel ta rdgy W eaatg us t bld tie plal orm ion iy wc t tioe ui rurij
ana we, as a rnsjt a arepginnog to rk Prn: reruts The opin- nq nr r rIi z nir
aXion tUne Mal wima 3 Ipal :e4ilon on Apnil 3J .)'r7 rr14trIrv w3ta1iorni
witi a predl wriet waca and rompleri otfd tir rri iarid tiqReW vraw e lvai r,i i
[nrairtru to Ca RaRnrr Abati to rrari inrm i aI d luN ifL lib 1Ltub i inn -,pirn, inh ein Ti
grOi' soiWd ppriMeTWS oit Rati Nassau and itirt: rw Ccti Rpyn FrietRL
This ras quanOr of 2X00) rer eTaOItioie the r-i.-rmon Iri Itanerir adi rirrnqe
iyUAt HOIwWew wre P Very mTur 3Vflre tt1irit i.' tillI iTipli vA I,) tr li ).f- tid if
tile e h rtej dtt iu f 'i rrm atel *e ia tv ,ir t di r :r m t. rt, ilf olur
Dusmiess ia rexrseni -ie rel stage in realicwr owr rimurm 1 prtcitbiity Ai re
rematoin rnirttd it tie T xrux's, we are a-so V(oarr.Jr, ria w IT jtc p ror:;ing
wel and epedi at1 6Spri igrS OiM Iranleli torn a ienit i re: av 1j .l-renldnrjpi
value Il you mnvwg forward We tha*nk you for your continued patience and your

I-.dw-'


R Cridig Symrnrrtte CfO & Cirnmianr
Jut 6 20),'


_ I I


BUSINESS


I


--"'--- '


admissfionofficeat







PAGE 8B, FRIDAY, JUNE 15, 2007 THE TRIBUNE


INVTTYIIA;


I1


JEWELLERY SALES ASSOCIATES

Must be...
Honest, Reliable, Dedicated,
Professional, Energetic &
SELF MOTIVATED

Excellent $$$ Bonus Potential

I DO YOU HAVE WHAT IT TAKES?

If the answer is YES then take the next step.
FAX RESUME TO 326-2824

= J i A-1 ] iAJ_ 1









An established law firm requires the following:

Two (2) Legal Secretaries with the following
experience:

1) Three (3) years litigation experience and

2) Three (3) years commercial experience.

Applicants must be able to work on their own
initiative.


Please fax resumes to 393-4558.


Legal Notice

NOTICE

BUBBLES GALORE LIMITED

(In Voluntary Liquidation)


Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 13th day of June 2007. The Liquidator is Argosa
Corp. Inc., RO.Box N-7757 Nassau, Bahamas.


ARGOSA CORP. INC.
(Liquidator)


NOTICE












NOTICE is hereby given that GREGORY CHRISTOPHER
NEIL of #84 PORT NEW PROVIDENCE, BAHAMAS is
applying to the Minister responsible for Nationality and
Citizenship, for registrationizaturalization 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 15th day of
June, 2007 to the Minister responsible for Nationality
and Citizenship, 'P.O.Box N- 7147, Nassau, Bahamas.



Antonius Roberts

Max Taylor




Post House StIi'o & Gallery

Please Call (242) 327-7562









Small Retail Store specializing in
girls accessories is seeking a dynamic,
energetic, and highly motivated
assistant store manager with prior retail
managerial experience to handle all
aspects of store operations.
Please send resumes by e-mail to
bahamas.com@gmail.com



Phone: 394-7019


JEWELLERY STORE MANAGERS "
1 Discover a rewarding and
challenging career catering to the I
country's visitors in the exciting
retail jewelry business!!!

Do You Have What it Takes?
ARE YOU...
Confident? A Leader? Self Motivated?
Professional? Mature (25 yrs or older)? Dedicated?
If the answer isYES then take the next step
FAX RESUME TO 326-2824
SALARY OPPORTUNITY COMMENSURATE WITH EXPERIENCE & QUALIFICATION




Royal Island (Bahamas) Limited
INVITATION FOR EMPLOYMENT

Royal Island (Bahamas) Limited, the developers of the Royal
Island Resort and Residential Project, just off North Eleuthera
wish to fill the following position:

Experienced Boat Captain

Successful candidate will be a member of a small team and
will be required to skipper and maintain the company's fleet of
10 boats (up to 44ft) and will also be required to take part in
the following guest %water sports activities:

* Snorkeling
* Diving
* Flats and Deep Sea fishing
* Jet ski tours
* Sailing and Windsurfing

The succCssful candidate will be required to reside at Eleuthera.

Qualifications and Experience:

* A minimintini of 10 (cars experience.
* Hold a B class license or better.
* Be familiar with e al waters the local eatersd thc area around Ro.al
Island.
* Must have strong organizational skills in the areas of boat
maintenlance and operations.
* i -..ri I 1-lii experience preferred.
SMedical I.il'esav ing/Boat and passenger safety training desirable.

Intercsicd persons should suibmil their resumes with coN er letter
to:

Harcourt Management Services Ltd.
P.O.Box N 1991
Nassau Bahamas
Fax to: (242) 356-4125
Or Email to: info@gomezcorp.com

Ro al Island (Bahamas) limited thanks all applicants for their
interest. how\\ er only ( hose candidates under consideration
will be contacted.


Annual General Meeting

To: All members of The Bahama Islands Resorts &
Casinos Co-operative Credit Union (BIRCCCU) Ltd.
The Eugene Cooper Building, #9 Village Road.

Notice is hereby given that the Twenty-second (22nd)
Annual General Meeting of the Paradise Island Resort
& Casino Co-operative Credit Union Limited (Now
Bahama Islands Resorts & Casinos Co-operative Credit
Union Ltd.) will be held at the Credit Union's premises,
#9 Village Road, Nassau, Bahamas on

Saturday, June 16th, 2007 commencing at 9:00a.m.

For the following purposes:

To receive the Report of the Board of Directors for 2006.
To receive the Audited Accounts for 2006
To take action on such matters as may come before the meeting.
To elect members of The Board of Directors

THERE WILL BE NO SECOND CALL MEETING AS
PER THE CO-OPERATIVE ACT 2005 SECTION 22

Linda Symonette
Secretary
May 2007
1-1


CF A L'
Pricing Information As Of:
Thursday, 14 June 2007
BiSX LISTED & TRADED SECURITIES VISIT WWVV.BISXBAHAMAS COM FOR MORE DATA & INFORMATION
BISX ALL SHARE INDEX: CLOSE 1.794.98 / CHG 00.90 / %CHG 00.05/ Y-TD 118.79 / YTD% 07.09
52wk-Hi 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield
1.85 0.54 Abaco Markets 1.18 1.18 0.00 -0.282 0.000 N/M 0.00%
12.05 11.00 Bahamas Property Fund 11.50 11.50 0.00 1.548 0.400 7.4 3.48%
9.41 7.23 Bank of Bahamas 9.40 9.40 0.00 0.737 0.260 12.8 2.77%
0.85 0.70 Benchmark 0.85 0.85 0.00 -0.013 0.020 N/M 2.35%
2.95 1.30 Bahamas Waste 2.95 2.95 0.00 0.243 0.060 12.1 2.03%
1.49 1.20 Fidelity Bank 1.30 1.30 0.00 0.064 0.020 20.3 1.54%
10.60 9.00 Cable Bahamas 10.-0 10.60 0.00 0.949 0.240 11.2 2.26%
2.21 1.80 Colina Holdings 2.15 2.21 0.06 3,505 0.245 0.080 9.0 3.62%
14.55 10.60 Commonwealth Bank 14.55 14.55 0.00 1.152 0.680 12.6 4.67%
5.72 4.22 Consolidated Water BDRs 5.17 5.12 -0.05 0.112 0.049 46.3 0.95%
2.76 2.40 Doctor's Hospital 2.40 2.40 0.00 0.234 0.000 10.3 0.00%
6.26 5.54 Famguard 6.26 6.26 0.00 0.694 0.240 9.0 3.83%
12.60 11.50 Finco 12.60 12.60 0.00 500 0.787 0.570 16.0 4.52%
14.70 12.43 FirstCaribbean 14.50 14.50 0.00 0.977 0.500 14.8 3.45%
17.30 10.77 Focol 17.30 17.30 0.00 200 1.657 0.520 10.4 3.01%
1.05 0.54 Freeport Concrete 0.54 0.54 0.00 -0.432 0.000 N/M 0.00%
10.20 7.10 ICD Utilities 7.25 7.25 0.00 0.532 0.100 13.6 1.38%
9.50 8.52 J. S. Johnson 9.50 9.50 0.00 0.868 0.570 10.9 6.00%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
Fidelity O ver.'l t -..- ,ot r ,r S r-inJtles
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last ,...:- .'.. ,..:.I Ef : i r C ,. P'E Y_",ei,
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%
Colhna Ov'er-Tf ,-Cnunrer 5,-LJritF
43.00 28.00 ABDAB 41.00 -I ,.,.. I ,-,0 2 2:'20 .':- 1': 4 t ".'':
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%
BISX Listed Mutual Funds
'2-'... -, .-,.I-L:,..*, Fr..3 r4N arn-.e 1 T Di.. $_ 1. .1:,-.-r, Div$ Yield %
1.3427 1.2936 Colina Money Market Fund 1.342667*
3.2018 2.9038 Fidelity Bahamas G & I Fund 3.2018"**
2.6819 2.3915 Colina MSI Preferred Fund 2.681688-
1.2443 1.1695 Colina Bond Fund 1.244286....
11.5519 11.0199 Fidelity Prime Income Fund 11.5519*.*1.
FINDEX: CLOSE 802 57 / YTD 08 155r / '006 34 47".
BISX ALL SHARE INDEX 19 Dec 02 = 1.000 00 MARKET TERMS YIELD last 12 month dividends divided by closing price NAV KEY
52wk-H I iJighest closing price in last 52 weeks Bid S Buying price of Colina and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask $ Soiling price of Colina and fidelity 5 8 June 2007
Proe l-s Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter puce
Todays Clnse Current day's weighted price for daily volume Weekly Vol Trading volume of the prior ek 30 April 2007
Change Change rn closing price from day to day EPS S A company's reported earnings pe hh.ro for the last 12 mths
Daily Vol Number of total shares traded today NAV Net Asset Value *" 31 May 2007
DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful
P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock index January 1, 1994 = 100 ."* 30 April 2007
... 31 May 2007
TO TRADE CALL: COLINA 242-502-7010 / FIDELITY 242-356-7764 I FOR MORE DATA *.ANFORMATIONA J 't4daR03..:2. -'. 'i -


I.


I I


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POSITIONS AVAILABLE
We un a small, hut rapitdl growing group and opportunities
exst for the right pero)ns. All applicanlt- should possess, at a
minimum. .uo passes in .Maths & English. basic computer
skilb. and knowkldge of Microsoft Office; excellent commnni-
calion and organi-.tional skill, and an outgoing and pleasant
p1rronalil). The posIilion.. iaihlable are
ADMINISTRATIVE/
OFFICE ASSISTANT
ResourcefuL with excellent adminiktraiie. It'ping and word
pruce>ing skills. Desktop publihing kills and bookkeeping
experi nce an asset.
JUNIOR CLERK
Dulk-' include. bul not limited to. recptioni.t. filing, typing,
copying, banking and some accounting function. Previous
office and print shop experience an asset.
E-mail or fax your risume and cover letter indicating the
position you are applying for, to jobi thti'n-ricegrop.com
or 356-6135 by Junc 25, 2007. No call please! We regret that
only applicants -eiected for an inten iew % ill be contacted.
The Members:

FJrOUP lm= P.an lnylin**& lkWhau*& awBiu*,E*d,
ww, .Ihmr%'nicegroup.com




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.


BUSINESS


PAGE 8B, FRIDAY, JUNE 15, 2007


THE TRIBUNE








1 l 1i r-liL)UIRI mFFIAJN 15207PGE


I 1NBy CARA
BRENNEN-BETHEL
Tribune Business Reporter
A LEADING Bahamian
attorney yesterday questioned
.,what this nation would do until
,the much-needed $250-$350
9 million improvements to the
I Lynden Pindling International
\Airport are completed in 2012,
warning that it cannot sustain
jits tourism edge on cruise
1,arrivals alone.
Brian Moree, managing part-
'ner at McKinney, Bancroft and
Hughes, said that while the
Bahamas may have received
.just under five million tourists
per annum for a number of
Si years, Bahamians should not be
"fooled by the statistics. This was
because of that five million, only
- -1.5 million arrived by air.
"The rest arrived by cruise
Ship, and while that is good, we
cannot sustain our tourism edge
S,,.on cruise arrivals alone," he
i ,.


warned.
Mr Moree told the CEO Net-
work Conference that the
revamping of the Bahamas'
main airport was this nation's
single most important project,
as it was the main gateway to
the country and formed the first
and last impression for visiting
tourists. It needed to match the
five-star hotel and visitor expe-
rience the Bahamas wanted to
give its high-end visitors.
"The question is: What will
we do until 2012?" Mr Moree
asked. He said he strongly felt
the conditions at Lynden Pin-
dling International Airport had
a direct correlation to a low
repeat rate of visitors to the
Bahamas.
In his presentation to the
CEO Network conference, Mr
Moree discussed Steps to
Strengthening, Preserving and
Protecting Tourism and Finan-
cial Services Sectors.
He said these two areas -


which directly account for 36
per cent of the country's GDP -
determine the financial stability
of the Bahamas.
And while he said the rich
may get richer, it was impera-
tive that the average Bahami-
an also gets better.
Mr Moree noted that as it
related to the financial services
industry, there was too much
bureaucracy and too few deci-
sion makers. He endorsed the
elimination of exchange con-
trols and the implementation of
a "super regulator" as a way to
streamline the industry.
He added that there needed
to be a sensible and streamlined
immigration policy, which
allows for foreign professionals
to come into the Bahamas when
necessary, but said it was vital
that there be a strong training
mechanism in place to comple-
ment it.
Mr Moree said one of the
main problems was the lack of


knowledge transfer.
He added that if the financial
services sector was to remain
competitive, it must reduce the
amount of time it takes to bring
new products on line. In some
regions, products are developed
in seven months, whereas in the
Bahamas there may be a two-
year wait.


* BRIAN MOREE, senior partner at McKinney, Bancroft &
Hughes
(FILE photo)


E ii ( .IE OI (1)I THIE BAH(AMA D
lisit our website at www.cob.edu.b jED CAnNG & I f;..


The College of the Bahamas
Culinary & Hospitality Management Institute (CHMI)

CULINARY TECHNIQUES SERIES 2007
Facilitator: Chef Tracy Zimmermann of Monroe College, New Jersey

These are hands on classes.

Techniques of Healthful Cooking
June 26 Nassau, CHMI Kitchens, Thompson Blvd. 5 9 p.m.
July 3 Exuma, College Centre, Georgetown 12 5 p.m.
Cost: $150.00 BHA: $125.00 Students: $100.00
Max: 15 participants

Specialty Bread Making
June 27 Nassau, CHMI Kitchens, Thompson Blvd. 5 9 p.m.
Cost: $125.00 BHA: $100.00 Students: $75.00
Max: 15 participants

Chocolate Desserts
June 28 Grand Bahama, COB Campus, 5-,9pn.m.,
July 4 Nassau, CHMI Kitchens, 5 9 p.m.
Cost: $150.00 BHA: $125.00 Students: $100.00
Max: 15 participants

Payment MUST accompany registration

+: Price includes supplies.
*. Certificates will be awarded.

Registration form(s), accompanied by payment in cash or by cheque,
must be delivered to the Industry Training Department at The Culinary
& Hospitality Management Institute of The College of The Bahamas for
the attention of Ms. Monique Butler or Mrs. Florina Turner, telephone
#323-5804/6804, Tourism Training Centre, Thompson Boulevard, Nassau,
N.P., Bahamas. Cheques must be made payable to: The College of The
Bahamas.

Class Descriptions

Specialty Breads This class will explore bread making techniques in
order to further understand all of the nuances of breads and the bread
making process. We will begin with basic pan and batter breads, such
as banana and zucchini. We will then explore types of yeasted breads
that use more advanced techniques, including Foccacia, Sour Dough,
and Multi Grain. Differing techniques of shaping will be utilized.

Please bring an apron, dough knife/bench scraper, serrated knife
and measuring utensils.

Chocolate Desserts This class will explore the use of chocolate in
desserts. It's not just your basic chocolate cake; we will look into many
different styles of chocolate desserts. Some possibilities are chocolate
pot au creme, decadent flourless chocolate cake, Chocolate Biscotti,
infused chocolate truffles, chocolate raspberry mousse tarts and warm
molten chocolate cakes etc... The focus will be on the use of chocolate
and its proper handling.

Please bring an apron, chefs knife, serrated knife and measuring
utensils.

Techniques of Healthful Cooking This class will explore ways of
preparing foods that will be lower fat, calorie and carbohydrate. We
need our diet to be balanced and healthy; cooking is about everything
in moderation. Our focus will be on the uses of natural flavors to enhance
foods. Participants will be taught flavour reductions, glazes, purees, fresh
herbs and the use of spices. Some possible items will be oven-roasted
tomatoes with chickpea salad, grilled lemon pesto shrimp, tamarind
glazed salmon, seared snapper with Mediterranean veggies and a basil
broth, grilled lamb with fresh rosemary mint sauce, caramelized pineapple
with sorbet.

Please bring an apron, chefs knife, peeler, and measuring utensils.

These are not set menus and are only representative of the types of
items to be prepared


Clearing Banks Association

Public Advisory




The Clearing Banks Association is reminding the public
not to give personal or confidential banking information
such as savings or checking account numbers, or details
of credit card accounts to persons requesting these details
by telephone, e-mail or online via the internet.

It is not the policy of any member of the Clearing Banks
Association to have staff ask customers to verify or
update personal and confidential bank account
information by any of these methods.

Persons who provide any confidential banking
information to anyone other than an authorized banking
officer, run the risk of compromising their banking
information and exposing themselves to fraud, for which
our members cannot accept responsibility.

If faced with any of the above situations please contact
your bank immediately.


Bank of The Bahamas International
FirstCaribbean International Bank (Bahamas) Limited
Citibank, N.A.
Royal Bank of Canada
Commonwealth Bank Limited
Scotiabank (Bahamas) Ltd.
Fidelity Bank (Bahamas) Limited


I 1 -


Airport woes hurt




repeat visitor rates,




says attorney


I


I I I I


FRIDAY, JUNE 15, 2007, PAGE 9B


THE TRIBUNE








PAGE lOB, FRIDAY, JUNE 15, 2007 THE TRIBUNE


BORCO sale 'watched


with great concerns'


FROM page one
The Tribune was told that all
interested buyers had to submit
non-binding bids by the end of
June. These offers will then be
vetted by Citigroup, which will
help PDVSA in drawing up a
short-list of a final four to five
bidders.
These parties will then have
access to more detailed financial
date on BORCO via a specially
designed data room, and be
able to conduct a more thor-
ough due diligence through site
visits.
It is thought that PDVSA will
make a final decision on the
BORCO purchaser by the end
of August 2007.
The Tribune was yesterday
told that one potential bidder
was Petro China, the company
that was created from the
break-up of Chinese state-
owned giant, China National
Petroleum Corporation. There
is already a huge Chinese pres-
ence on Grand Bahama via
Hutchison Whampoa, and the
possible involvement of CITIC.
It was also suggested that
another investor group may
have formed around Maurice
Moore, the former FNM MP,
but this could not be confirmed
last night. The likeliest buyer is
another oil company.
Interest in BORCO is likely
to be high, sources have said,
due to its unique geographical
location.- proximity to the US
and potential as an oil tran-
shipment facility on the main
shipping routes in the Western
Hemisphere and to Europe,
plus the opportunities for
expansion.
BORCO also used to have
oil refining capabilities, and
sources said there was poten-
tial to further expand its oil stor-


age capabilities, as well as get
into alternative energy forms
such as liquefied natural gas
(LNG) and ethanol production.
"It has many things going for
it," a source said.
Yet some suggested that
PDVSA's decision to sell and
seek a buyer may have been
prompted by the fact that the
company felt it would not make
economic sense to construct a
new refinery at BORCO or
upgrade the existing facility,
feeling it would tie-up too much
capital and not generate the
needed return on investment.

Clean-up

One source yesterday sug-
gested to The Tribune that the
BORCO site faced "very, very
substantial environmental
issues", and any buyer would
need to undertake a clean-up.
BORCO is understood to
employ about 105 full-time
Grand Bahama-based staff, plus
another 50 contractors. It gen-
erates about $10 million per
year in net income, and pays a
$1 million per annum fee to the
Government to lease the
seabed.
Leslie Miller, the former min-
ister of trade and industry in
the PLP government, said dis-
cussions had been held about
re-establishing BORCO's oil
refinery capabilities, with pro-
posed refining capacity of
500,000 barrels per day.
Mr Miller said this, if suc-
cessful, would require a $2 bil-
lion investment and create 800
full-time jobs. In the 1970s,
BORCO was one of the biggest
refineries in the world, but it
closed in 1985 during a world
oil over-supply. Given the cur-
rent relatively high global oil


prices, some feel the investment
in re-opening the refinery might
be worth it.
PDVSA made a $40 million
investment to upgrade and
repair BORCO's 73 oil storage
tanks in 2001, with storage
capacity increased from nine
million barrels to 20 million.
The terminal has two jetties
and six deep sea berths, and
since 2001 PDVSA had been
focusing on getting BORCO to
maximum storage capacity as a
'break bulk' facility, where large
oil shipments are blended or
broken down into smaller con-
signments for onward delivery.
BORCO had also been look-
ing for longer-term storage con-
tracts with its clients. Some four
major oil companies lease stor-
age space from it, including
Total and, until recently, the
Brazilian firm Petrobras.


INSIGHT


For the stories


behind the


news, read

Insight on


Monday


Taking care of you

and your family



To enter attach 3 wrappers from any of the products shown, fill in the entry form and drop into entry boxes
in participating stores or The d'Albenas Agency in Palmdale. Contest ends July 27th, 2007.


1 st Prize
Panasonic 32" Plasma TV


U 1~~


2nd Prize
Whirpool Washer and Dryer


'rA


f i -P K2.


3rd Prize
Whirpool Refrigerator
jr.,-
.d


Kote!.


Koe-,-
Kooteex


..o cex ,-


TEACHER WANTED


Teach 2 school age childpen (4 1/2 & 7 1/2) in home setting.
Must possess supepiop vepbal and wpiting skills. Willing to
use cpeative teaching- techniques. Must have a passion fop
education. Willing to ppomote cpitical thinking and leadepship
skills in childpen. Wopking houps 8:00 a.m. 1:00 p.m.
Skills: bachelops degpee, 3 yeap of expepience, excellent
computer skills. Knowledge of Spanish a plus. Stapt date
August 27,, 2007.


homeschoolbs2@yahoo.com


I.'


The Inter-American Development Bank (IDB), the largest and leading source of
financing for regional development in Latin America and the Caribbean seeks to
contract a consultant to fill the part-time position of Records Assistant.

Objective
To ensure the proper classification, organization, maintenance, protection, access
and control of documents and records in all media and to provide reference services
to authorized Bank personnel.

Basic Functions

Compile, classify, maintain and manage the files and records both paper
and electronic of the File Station pertaining to the Bank operations and
accordance with the Bank's official records management procedures
Provide reference services and expertise in the retrieval of operational
information of active and inactive files using the appropriate systems: DM
Extension, CRMS (Castle Records Management System), Intranet, Internet,
etc.
Coordinate activities with those of the Bank's Records Management Section
through the Operational Analyst, regarding maintenance and preservation
of operation's archives and adherence to the Bank's Records
Retention/Destruction Schedule.
Train staff in the proper classification of the documents and in the use of
electronic filing systems.
Provide client support to country office staff, as well as to outside clients.

Requirements

Competencies that include the Ability to:
Demonstrated capacity to systematically manage information proficiency
in Microsoft Office package.
Ability to identify, evaluate and propose solutions/alternatives to problems
in this area.
Experience in providing services to multicultural and multidisciplinary
groups.
Services orientation toward clients and harmonious relationship with internal
and external clients.

Education
A Degree in Archives Administration or Library Science is preferred.

Experience
Minimum three years of relevant experience.

Languages:

Written and spoken command of English. Working knowledge of Spanish
desirable.

Interested Bahamian candidates should forward a copy of their resume by
June 27, 2007 to:
The Administrative Officer, IDB Bahamas
P.O. Box N-3743, Nassau, Bahamas
OR Email: cof/cbh@iadb.org


THE TRIBUNE


PAGE 10B, FRIDAY, JUNE 15, 2007


1 I .


ra~K





FRIDAY, JUNE 15, 2007, PAGE 11B


THE TRIBUNE BUSINESS


JUNE 15, 2007


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

Issues Round- Washington McLaughlin Tony Bennett Duets: The Making of an American 12 Girls Band:
0 WPBT table discussion. Week (N) Group (N) (CC) Classic S (CC) Live From
(CC) Shanghai (CC)
The Insider (N) The Price Is Right Bob Barker is The 34th Annual Daytime Emmy Awards (Live) ,n (CC)
1 WFOR n (CC) the host of the final episode of his
run. A (CC)r
Access Holly- 1 vs. 100 One contestant battles Law & Order: Criminal Intent The Law & Order "In Vino Veritas" Po-
WTVJ wood (N) (CC) 100 to win $1 million. t (CC) granddaughter of a prominent Vir- lice pull over a drunken celebrity in
ginia socialite is killed. n (CC) bloodstained clothing. (CC)
Deco Drive Bones A body wrapped in a shroud Standoff Emily must negotiate with News (N) (CC)
WSVN lies beside an overturned garbage suspected bank robbers holding 25
truck. n (PA) (CC) hostages on a train.
Jeopardy! (N) Kyle XY The Propher Kyle gets National Bingo Night Contestants 20/20 (CC)
* WPLG (CC) answers. ,l (CC) play bingo for a chance to win
pnzes like a cruise. (N) (CC)
(:00) Cold Case CSI: Miami "Shattered" Horatio and CSI: Miami "Payback" The CSIs Intervention "Andrea and Ricky"
A&E Files (CC) his team investigate the murder of a probe the murder of a rapist. Drug addicts. (N) (CC)
suspected drug lord. (I (CC)
Hardtalk Extra BBC News World Business BBC News Our World "Falk- BBC News World Business
BBCI (Latenight). Report (Latenight). land: 25 Years (Latenight). Report
On"
BET Thank My Mama HOLIDAY HEART (2000, Drama) Ving Rhames, Alfre Woodard. A Comicview (CC)
BET drag queen shelters a drug addict and her child. (CC)
Just for Laughs Royal Canadian Halifax Comedy Intelligence (CC) CBC News: The National (N) (CC)
CBC Gags (CC) Air Farce (CC) Fest (CC)
(:00) On the Fast Money 2007 Heads-Up Poker Tournament The Big Idea With Donny Deutsch
CNBC Money
(:00) The Situa- Paula Zahn Now (CC) Larry King Live (CC) Anderson Cooper 360 (CC)
CNN tion Room
Scrubs Coma The Daily Show The Colbert Re- Brian Regan: Standing Up The South Park Jim- South Park
COM victim's wife is at- With Jon Stew- port (CC) comic performs. (CC) my learns control. Church atten-
tracted to J.D. art (CC) (CC) dance drops off.
Cops "Coast to NOPD: Mardi Gras Forensic Files Forensic Files The Investigators "Heartshot"
COURT Coast" ,1 (CC) "Concrete Alibi"
The Suite Life of Disney Channel ** ICE PRINCESS (2005, Comedy-Drama) Joan Cusack, Kim Cattrall, Life With Derek
DISN Zack and Cody Games Opening Michelle Trachtenberg. Ateen chases her dream of becoming a figure Derek asks out
n (CC) Ceremonies skater. I 'G' (CC) Casey's friend.
This Old House Home Again DIY to the Res- Sweat Equity Sweat Equity Classic Rides Classic Car
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DW Johannes B. Kerner Harald Schmidt Journal: Tages- Europa Aktuell Journal: In Euromaxx
DW_____ them a Depth
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ESPN (:00) SportsCen- Golf U.S. Open Championship-- Best of Second Round. From Oakmont Country Club in Oakmont, Pa. (Same-
ESPN ter CC) day Tape)(CC)
Gol ESPN: ESPN Perfiles RPM Semanal 2006 World Series of Poker Main Boxing Friday Night Fights. (Live)
ESPNI Fuera de Juego event, from Las Vegas. (CC) (CC)
Daily Mass: Our The World Over a Life Is Worth The Holy Rosary Defending Life Voices on Virtue
EWTN Lady Living
ITT :00)Cardio National Body Challenge "Meat-Eaters vs. Vegetarians" Two families The Body Invaders "Weight Con-
FIT TV Blast A (CC) struggle to get in shape. Mtrol" The skinny on fat. (CC)
FOX NC Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
OX-N Shepard Smith Susteren (Live) (CC)
FSN FL Marlins on Deck MLB Baseball Florida Marlins at Kansas City Royals. From Kauffman Stadium in Kansas City, Mo. (Live)
FSNFL (Live)
GOLF (:00) Live From the U.S. Open (Live) Live From the U.S. Open
GSN Lingo (CC) Greed (CC) Dog Eat Dog n (CC) Chain Reaction Chain Reaction
GSN (CC) (CC)
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(:00) Walker, Walker, Texas Ranger Walker re- YOU'VE GOT A FRIEND (2007, Drama) John Schneider, Bitty Schram,
HALL Texas Ranger calls his fiancee when her killer is Dylan McLaughlin. An orphan develops an unlikely friendship with a re-
"Devil's Turf released from prison. t (CC) cluse. (CC)
Buy Me "Before Selling Houses Specials "Grimsby' House Hunters World's Most Relocation, Relocation "Neal and
HGTV andAfter" Two-bed semi in Lincolnshire. ,l International C Extreme Homes Kerry Bailey" n (CC)
(CC) (CC) (CC) British tugboat.
INSP Morris Cerullo Breakthrough Jay Sekulow Inspiration To- Life Today (CC) This Is Your Day The Gospel
(CC) day (CC) Truth
Reba Reba tries My Wife and According to According to Friends Phoebe Everybody Everybody
KTLA to sell her en- Kids "Jury Duty" Jim Racquetball Jim fl (CC) has a fear of fly- Loves Raymond Loves Raymond
gagement ring. n (CC) showdown. (CC) ing. (CC) n (CC) n (CC) -
Still Standing Reba Reba and Reba Barbra ** THE STEPSISTER (1997, Suspense) Linda Evans, Rena Sofer,
LIFE Kids spread their Barbra Jean spar. Jean wins Reba Alan Rachins. A young woman suspects foul play in her father's death.
wings. n n (CC) in an auction. (CC)
(:00) Hardball Countdown With Keith Olber- MSNBC Investigates: Lockup: In- MSNBC Investigates "Lockup: In-
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SPEED (:00)(Trackside Survival of the NASCAR Racing Nextel Cup -- Citizens Bank 400 ARCA RE/MAX Series Michigan.
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TB N Kingdom Scenes (CC) Report (CC) (CC) Price (CC)
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TBS Loves Raymond A smooth-talker helps a shy accountant woo an heiress. (CC) House of Payne
n (CC) School bully.
Take Home Chef Extreme Weddings (N) Fashion Fanatic "Wedding Attire" Mind Your Manners Etiquette ex-
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sels. (N) dents learn proper behavior. (N)
(:00) Charmed * HITCH (2005, Romance-Comedy) Will Smith, Eva Mendes, Kevin James. Premiere. ** A THE RE-
TNT Engaged and A smooth-talker helps a shy accountant woo an heiress. (CC) PLACEMENTS
Confused" (CC) (2000) (CC)
* THE MIGHTY DUCKS (1992, Comedy) Emilio Estevez, Joss Ack- Camp Lazlo Home for Imagi- My Gym Part-
TOON land. Premiere. A hotshot lawyer must coach peewee hockey. nary Friends ner's a Monkey
TV5 Thalassa Alexandrie, la septieme merveille Littoral
5 _du monde
TwC Storm Stories Abrams & Bettes It Could Happen Full Force Na- Weather: Evening Edition (CC)
(CC) Tomorrow ture (CC) J
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U N IV Pasiones dulce, romantica e inteligente, pero Especial Migrante del Amor; En
apenas atractiva. (N) Buscade laDignidad.
(:00) Law & Or- Law & Order: Special Victims Unit Monk "Mr. Monk and the Big Re- Law & Order: Special Victims Unit
USA der: Criminal In- "Tortured" Detectives look for a killer ward" Monk races to find a stolen di- "Mercy" A baby is found inside a
tent C (CC) with a foot fetish. (CC) amond. (CC) cooler in the East River.
VH1 (:00) 40 Hottest Over 40 C Best Week Ever Hogan Knows Hogan Knows Hogan Knows
(N) C Best Best C Best C
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S the Deep Wild Tred Barta One Journal World
( :00) America's *x AN AMERICAN WEREWOLF IN PARIS (1997, Horror) Tom Everett WGN News at Nine (N) C (CC)
WG N Funniest Home Scott, Julie Delpy, Vince Vieluf. A young American meets a lovely lycan-
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(:00) MLB Baseball New York Mets at New York Yankees. From Yankee Stadium in the CW11 News at Ten With Kaity
WPIX Bronx, N.Y. (Live) (CC) Tong, Jim Watkins (N) (CC)
Jeopardy! (N) Dr. Phil Obese guests reunite with News (N) Jeopardyl (CC) Frasier Wedge Frasier Roz re-
WSBK (CC) loved ones. C (CC) between Frasier considers leaving
and Niles. (CC) KCAL, (CC)

,(,00) *** CHARLIE AND THE CHOCOLATE FAC- * V FOR VENDETTA (2006, Action) Natalie Portman, Hugo Weav-
H BO-E TORY (2005) Johnny Depp. Five children tour the won- ing, Stephen Rea. A vigilante fights a fascist government. A 'R' (CC)
drous factory of an odd candy-maker. l 'PG'
(5:45) *** 61 The Sopranos "Made in America' Entourage Turtle Entourage Eric Entourage Entourage
H BO-P (2001) Thomas Final chapter in the saga of the So- plans Vince's plans a romantic Amanda makes "Gotcha! Ari is
Jane. A (CC) prano family. (CC) birthday party. weekend. C Vince an offer, jealous. (CC)


(:45) *** IN HER SHOES (2005, Comedy-Drama) Cameron Diaz, Toni Collette, Shirley *** CHARLIE AND THE
H BO-W MacLaine. A sexy partner clashes with her serious-minded sister. 'PG-13'(CC) CHOCOLATE FACTORY (2005)
Johnny Depp. n 'PG' (CC)
(6:45) *** THE INTERPRETER (2005, Suspense) Big Love "Damage Control" Bill * MUNICH (2005) Eric Bana.
HBO-S Nicole Kidman, Sean Penn. A U.N. translator over- scrambles in the wake of the fami- Israelis hunt the terrorists behind
hears an assassination plot. l 'PG-13' (CC) ly's exposure. n (CC) 1972's Munich massacre.
(6:20) * (:15) u GET CARTER (2000, Suspense) Sylvester Stallone, Miranda *u GRANDMA'S BOY (2006,
MAX-E SPRUNG (1997) Richardson, Rachael Leigh Cook. A mob enforcer is determined to solve Comedy) Doris Roberts, Allen
Tisha Campbell. his brother's murder. n R' (CC) Covert. C 'R' (CC)
(6:45) * THE ISLAND (2005, Action) Ewan Mc- ** POSEIDON (2006, Adventure) Josh Lucas, Kurt (:40) * AC-
MOMAX Gregor, Djimon Hounsou. A mercenary pursues two Russell, Jacinda Barrett. A luxury liner capsizes in the CEPTED (2006)
clones on the run in 2019. C 'PG-13 (CC) North Atlantic. C 'PG-13' (CC) Justin Long. n
(6:55) * MISSION: IMPOSSIBLE III (2006, Ac- The Tudors "Episode 10" (iTV) ** BASIC INSTINCT 2(2006)
SHOW tion) Tom Cruise. iTV. Agent Ethan Hunt faces the Wolsey tries to ally himself with Sharon Stone. Catherine Trammell
toughest villain of his career. Cl 'PG-13' (CC) Queen Katharine. CA (CC) re-emerges in London. 'R'
T6:00) ** (:15) * MICKEY BLUE EYES (1999, Romance-Comedy) Hugh ** ENCINO MAN (1992, Come-
TMC HAPPY END- Grant, James Caan, Jeanne Tripplehom. A British auctioneer s fiancee is dy) Sean Astin, Brendan Fraser,
INGS (2005) 'R' a gangster's daughter. C 'PG-13' (CC) Pauly Shore. l 'PG' (CC)


lovie Gifet Ceg ft

M make great gif.s


FRIDAY EVENING


O F




Slis sicleckicl< De,'eik 1< 1)LtI
so,1le Smiles oIyA \ ,m' ,

ki
B,.i, \'C lxil d ,elj fn to fl e


\cHClp\' 1o I'm at A DoaIld's in



fio 3:;0p,'' to 4:30pin tih'iq e\\
lifof Jf~nlh 2007.




Enjo j Great Food, Prizes and Lots of Fun.




i'm Iovin'if


--


1


-j






PAGE 12B, FRIDAY, JUNE 15, 2007


THE TRIBUNE BUSINESS


COMICS PAGE


APARTMENT 3-G

SSOMEPAY, TOMMIE, WHEN YC
FALL IN LOVE, YOU'LL KNOW
WHAT I MAEAN. -


ACROSS
4 A flabby waist is in the offing (6)
7 Drivers in a class of their own? (8)
8 Criticise a mother for being
somewhere abroad (6)
10 Move evasively past
a policeman (5)
13 Not the oriental way (4)
14 Would boxwood be suitable
for one? (4)
15 Gasp at one's old man going to
the theatre! (4)
16 Had some reheated food (3)
17 Nominally a bit of an
egotist? (4)
19 Continental cash (4)
21 Powerful composition
for orchestra (9)
23 Fashionable style of demo (4)
24 Is she a bit naive with
Edward? (4)
26 Work to the centre, perhaps? (3)
27 Poel's drinking place at the end of the
road (4)
29 Most bilge can be concocted as
plausible (4)
32 The Wigan ones are
justla joke! (4)
33 Discontinue, for instance, being a key
holder (5)
34 Little girl perhaps sheepish at her
loss? (2,4)
35 Didn't bother with the deliveries that
were surplus (4,4)
36 Shift 'em over, perhaps (6)


Yesterday's cryptic solutions
ACROSS: 1, D-all-as 7, Coal mine 8, AgIa 10, (o-)Pinion 11,
Adders 14, Tot 16, Eerie 17, Eden 19, Stays 21, Seine
22, Dealt 23, G-low 26, Piper 28, Pro 29, Sleeve 30,
Waiter 31, Apes 32, Legacies 33, Pledge
DOWN: 1, Diepp-e 2, Le-Gl-on 3, Scan 4, Glad eye 5,
Finer 6, L-ease 8, Ante 9, Rot 12, Des 13, Ring-0 15, Still
18, D-evil 19, Sea 20, Ant 21, Service 22, Dee 23,
Gri-Eve 24, Lots 25, Warbl-e 26, Psalm 27, P-egg-y 28,
Pa-p 30, W-asp


South dealer.
East-West vulnerable.
NORTH
S10643
V 9
*AJ7
4KKQJ42


WEST
+J
VK108643
* 10 5 3 2
486
48 c6
sou


EAST
+K9
VAJ752
+864
4A 10 9
TTH-


4AQ8752
VQ
*KQ9
.753
The bidding:
South West North East
1 + Pass 2 4 Pass
2 4 Pass 3 Pass
4 4 Pass 4 4
Opening lead six of hearts.

In duplicate bridge, where the
method of scoring is usually match
points, the aim is to get a better score
with your cards be it 10 points or
1,000 than other pairs who hold
the identical hands.
As a result, an extra trick picked
up in a partscore or game contract
looms much larger in importance
than it would in a rubber-bridge
game, where an extra 30 points is
relatively insignificant.
This hand occurred in a pair
event, and at most tables the final
contract was four spades played by


IA G


The
W Target
W TS uses
words in
S the main
body of
A l Chambers
21st
| Century
N Dictionary
(1999
rI 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 12; very good 18;
excellent 24 (or more).
Solution tomorrow.


CRYPTIC PUZZLE 3 4 5


DOWN
1 Prattles to the girl round
the comer (5)
2 To Uncle, not even a half baked
dance? (5)
3 Unique in the London Lyceum (4)
4 Could its trembling crack panes? (5)
5 Relative from Taunton (4)
6 A motto rewritten and juicy! (6)
9 Behind with some of the
Easter news (6)
11 Choose the music for the
West End (3)
12 One of the wetter parts of Norfolk (5)
13 All round locking devices? (7)
15 Hole dug out of spite? (3)
16 Live a double life In Clarence
Square? (3)
18 Voice three times higher than the
rest? (6)
20 Customary Ingredient of
sausages (5)
21 Horse but no chestnut! (3)
22 Nothing but dead ends? How
strange! (3)
23 Sad looking beast going round a
tourist centre (6)
25 Her denial is in a whisper (3)
28 Sort of pie you can't get into
bed with! (5)
30 Offspring, immature and grubby (5)
31 Does bread tend to crumble
into it? (5)
32 Being thus nautical is flighty! (4)
33 Acts badly in a show (4)


I -


Yesterday's easy solutions
ACROSS: 1, Stress 7, Harmless 8, Rave 10, Waited 11,
Arcade 14, Let 16,-Tunes 17, Sled 19, Roger 21, Talon
22, Depot 23, Core 26, Satin 28, Sea 29, Elapse 30,
Corset 31, Unit 32, Pullover 33, Twelve
DOWN: 1, Scowls 2, Elated 3, Shed 4, Smarten 5, Began
6, Ashes 8, Rile 9, Vet 12, Cur 13, Defer 15, Colon 18,
Local 19, Rap 20, Got 21, Tension 22, Dip 23, Cerise 24,
Oast 25, Entire 26, Seeps 27, Table 28, Son
30, Curt


ACROSS
4 Endure (6)
7 Conker(8)
8 US state (6)
10 Rub out (5)
13 Ship's
company (4)
14 Posted (4)
15 Appear(4)
16 Gender (3)
17 Norse god (4)
19 Corrosive
substance (4)
21 Passed (9)
23 Worry (4)
24 Region (4)
26 Charge (3)
27 Adjoin (4)
29 Declared (4)
32 Row (4)
33 Cut (5)
34 Secret (6)
35 Hero (8)
36 Suture (6)


DOWN
1 Pains (5)
2 Type of chair (5)
3 Eye
inflammation (4)
4 Stow (5)
5 Piloted (4)
6 Ran off to wed (6)
9 Produce aqain (6)
1 Colour (3)
12 Cooker(5)
13 Mythical creature (7)
15 Term of respect (3)
16 Transgression (3)
18 Keep back (6)
20 Stop (5)
21 Mineral (3)
22 Craft (3)
23 Small mammal (6)
25 Bind (3)
28 Tree (5)
30 Evade (5)
31 Intoxicated (5)
32 Diplomacy (4)
33 Identical (4)


C Calvin & Hobbes )


Tribune..

Horoscope,


By LINDA BLACK


FRIDAY
JUNE 15

ARIES Mar 21/Apr 20
Misery loves company, Aries. f
you've been in a foul mood, steer
clear of others so you don't bring
down their spirits as well. You'll
brighten up by Wednesday.
TAURUS Apr 21/May 21
It's time to turn your luck around,
Taurus. Your employer has a new
proposition for you, and you should
take it, even if it seems like it is a
risky erneavor.
GEMINI May 22/Jun 21
Stop focusing on an incident that
happened weeks ago, Gemini. The
other party has forgotten about it,
and you should, too. Grudges will
get you nowhere.
CANCER Jun 22/Jul 22
Don't be so quick to spread your
newfound wealth, Cancer. Sock
away some of it for a rainy day. You
of all people should know how fast
fortunes can change.
LEO Jul 23/Aug 23
You will be the life of the party
come this weekend, Leo. Live it
up, but only if you're not afraid of
causing a sensation among the
other guests.
VIRGO Aug 24/Sept 22
Someone has hurt you, but hearts do
mend, Virgo. Rather than dwell on
what might have been, pick yourself
up and get back into action. You'll
feel better doing so.
LIBRA Sept 23/Oct 23
There are twists and turns at every cor-
ner this week, Libra. Let's hope you
weren't planning on a quiet go of it.
Others will marvel at what appears to
be a crazy life. To you,.it's the norm.
SCORPIO Oct 24/Nov 22
Someone in the family is more
demanding than ever, Scorpio, leav-
ing you with less free time than you
once had. This person is a priority, so
you need to learn to cope.
SAGITTARIUS Nov 23/Dec 21
Contrary to what you may believe,
Sagittarius, the grass isn't always
greener in someone else's yard. Be
content with what you have rather
than always chasing rainbows.
CAPRICORN Dec 22/Jan 20.
Time is of the essence with a finan-
cial plan that is brought to your atten--
tion, Capricorn. Better seek the'
advice of Aquarius, because this
seems too oood in he true.
AQUARIUS Jan 21/Feb 18
Those around you are drawn to you,-
magnetically, Aquarius. That is why-.
you are a true people pleaser. Use.
this trait to your advantage when you
need help at work.
PISCES Feb 19/Mar 40
There's no time to rest now, as an_
important venture keeps you busy,
through the week, Pisces. Treat yourself.-
to something for all of the hard work.


South. In nearly every case the
declarer made 11 tricks, losing only a
heart and a club after the spade
finesse succeeded.
At one table, however, where the
bidding went as shown, South made
only 10 tricks, earning a poor score
for the North-South pair (and a good
one for the East-West pair). There
was only a 30-point trick involved,
but that made all the difference.
West led a heart to East's ace.
East could see that his king of spades
in front of the spade bidder was in
danger of being decapitated, so, in an
effort to steer declarer away from the
winning course, he returned the ten
of clubs!
This unusual play was designed
to implant the fear of a club ruff in
South's mind. And, sure enough,
after declarer won the club in -
dummy and returned a spade on
which East played the nine South
was in a quandary.
He had visions of losing the queen
of spades to the king, after which
West might be able to lead the ace
and another club and give East a club
ruff to defeat the contract. South
therefore went up with the ace of
spades and wound up with only 10
tricks.
It may be argued that declarer
should have seen through East's ploy
and finessed the spade despite the
danger, but credit nevertheless must
be given to East for having the imag-
ination to play upon declarer's fears.


0 P
4 0
0 ,


S U


ne..
cockpit


I CHESS by Leonard iBaIrS deT nI


Vasily Ivanchuk v Peter Leko,
Morelia-Linares 2007. When
grandmasters get it wrong
during a game, the explanation
is usually time shortage or an
unusually hard position. So it is
remarkable that two of the
world top 10 should have
misjudged this diagram during
their post-mortem, with no clock
pressure to excuse the lapse.
White (to move) has sacrificed a
bishop, and the Ukrainian and
Hungarian agreed that he can
regain the piece by 1 Re8 Rxe8 2
Qxe8+ Kg7 3 Qxc8, when the
queen endgame should be a
draw, though Black must play
carefully. They both correctly
observed that 1 Re8 Bd7, trying
to keep the bishop, is in fact a
blunder, but they were so
focused on 1 Re8 that they failed


a b d I f I I
to spot an alternative plan which
would have forced victory for
White. So today's puzzle is
twofold: (a) how would White
meet 1 Re8 Bd7? and (b) what was
the better white sequence in the
diagram which would have won
for Ivanchuk?
LEONARD BARDEN


Chess solution 8385: (a) 1 Re8 Bd7? 2 b4 and the BQ
can't guard the f8 rook. (b) 1 Qh5+ Kg7 2 Re3! (threat 3
Rg3+) f43 Re5 mates or gains decisive material.


- .-.n


JTribune Comics

JUDGE PARKER ......


( Dennis


- Contract Bridge

By Steve Becker

The Psychological Factor


BLONDIE


MARVIN


NON SEQUITUR


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THE TRIBUNE


PAGE 14B. FRIDAY. JUNE 15. 2007


Government to reduce home down payments


FROM page one
Other measures included
incentives for partnerships with
Bahamian property developers
to construct homes and rental
units throughout the Bahamas,
:nd make available loans
through the Bahamas Mortgage


Corporation to homeowners
and landlords for repair and.
renovation of their properties.
Mr Laing said the new gov-
ernment had introduced a new
programme to help the middle
class the Self Starter pro-
gramme.
"$1 million is being provided


in the 2007-2008 Budget for the
introduction of a Self-Starter
programme to empower young
people seeking to establish or
expand small business," he
added. "The Self-Starter pro-
gramme will include a Self-
Starter network online research
facility, business counselling and


direct training linkages to
NGOs, the BTVI and the Col-
lege of the Bahamas."
Mr Laing said funding will
also be provided to aspiring
entrepreneurs to acquire tools
and supplies for the ventures.
He added that it was impor-
tant for the Bahamas to have
"an enlightened immigration
policy, which can be seen as a
partner in the development
process of the country, coupled
with a National Land Policy.
"The immigration policy
ought to be seen to be as a part-
ner in the development process,
and there should not exist a cir-
cumstance in which the nation-
als feel as if they are under
siege.
"In countries such as ours, we
don't have a lot of natural assets
but we have a lot of crown land.
Any government interested in
preserving and protecting the
middle class will see use of that
asset as a critical catalyst to
ensuring that exactly that hap-
pens."
However, despite these mea-
sures, Mr Laing said Bahamian
citizens have to have a stable
quality of life and feel they have
an input in the way they gov-
ern themselves.
Despite all the measures put
in place by the Government, Mr
Laing wartled that economic
empowerment of Bahamians
will not be fully realisied unless
there is private initiative, plan-
ning and execution.
He said there were a number
of government entities commit-
ted to protecting and promoting
economic empowerment,
including BAIC, the Bahamas
Development Bank and the
Government Guarantee Loan
programmes, which provide
funding for up to 80 per cent of
some projects, and the venture
capital fund.


A .Bu0tler & SandsGrounds
Saturay Jne 6t, 00


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