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Permanent Link: http://ufdc.ufl.edu/UF00084249/02919
 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: 6/18/2007
 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_02919
System ID: UF00084249:02919

Full Text





d t. AZ


SHREK
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CLOUDS
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The


Tribune


Volume: 103 No.171 MONDAY, JUNE 18, 2007 PRICE 750


RON RICARDO and V i ct*


$20,000 SECRET SOUND a

I A N A


U


ills


'act


Govt spends

$500,000 in bid

to tackle Clifton

Pier leakages


* By ALISON LOWE
Tribune Staff Reporter
THE government has spent
close to half a million dollars on
equipment designed to mitigate
the effects of oil spills, and is com-
mitted to developing an "action
plan" to lessen the likelihood of
future spills or leakages in the
Clifton Pier area, it was claimed
yesterday.
This comes weeks after The
Tribune's exclusive photographic
expose of a significant oil leak-
age, stretching for hundreds of
feet along the coastline in front of
the Clifton Pier power station,
which was not being addressed.
Speaking with The Tribune
yesterday, Minister of State for
Public Utilities Phenton Neymour
said that generator units found
to be responsible for that leak
had now been repaired.
He said that an order had been
placed for $490,000 worth of oil
response equipment "to address
any spills in the future, should
they occur."
These new items will enhance
facilities already available, he
said.
Furthermore, attention is being
paid to the current oil spill emer-
gency response plan with a view
to "reviewing and enhancing"
procedures to ensure the response
given to spills is prompt and suc-
cessful:
"That's my objective in the
short term," said Mr Neymour.
"There is right now in place an
oil response., contingency plan but


we intend to strengthen those
areas within BEC in particular."
Bahamas Electricity Corpora-
tion has been the focus of criti-
cism for many, including mem-
bers of the public, the diving com-
munity and environmentalists,
when spills have occurred in the
area in the past.
The company has admitted to
several in previous years, but sug-
gested that they may be a scape-
goat for the misdemeanours of
other oil handling entities oper-
ating in the area.
At the time of the first May oil
spill there was another incident
the following week for which they
claimed responsibility the com-
pany said it was unaware of the
release until executives saw the
aerial photographs printed on the
front page of the newspaper.
They then denied necessarily
being responsible, and have not
made any statement on the mat-
ter since.
Mr Neymour first touched on
the issue of persistent oil leak-
ages in the Clifton Pier area dur-
ing his contribution to the budget
debate last week, when he speci-
fied the new equipment that
would now be made available.
Absorbent pads, tools, recov-
ery pumps, generators and acces-
sories, as well as a 25-foot vessel -
valued at $90,000 to assist with
oil spill clean-ups have all now
been ordered, he said.
Additionally, Mr Neymour not-
ed yesterday, an order has been
SEE page 11


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I TWO-year-old Khyda Hanna clings onto her father
Keith Hanna as they enjoy some quality time on Father's Day
yesterday in the pool.
(Photo: Felipg Major/Tribune staff)

















_- 1 ,7





PLP will challenge Call for Supreme Knowles and Nestor
appointment of Court celebrate another
Court building
three senators n buldn
t e e o championship win
'next few days' to be replaced chm pi oNShpw
0 Bv BRENT STUBBS


* By ALISON LOWE
Tribune Staff Reporter
A CONSTITUTIONAL challenge by
the PLP to the appointment of the three
remaining senators will be made in the
"next few days", it was claimed yesterday
by PLP chairman Raynard Rigby.
Opposition leader Perry Christie first
announced that such action would be tak-
en at the party's post-election "thank you"
rally at the end of last month. However, lit-
tle had been said about the matter since.
According to the party chairman, the
PLP is confident that this court challenge
will be decided in their favour.
"We feel fairly confident that the
Supreme Court, once it turns its mind to
what is the meaning and the import of arti-
cle 40, may very well agree with us," he
said.
The challenge is based on the premise
that Prime Minster Hubert Ingraham acted
unconstitutionally in appointing non-PLP
member Tanya Wright, president of the
Chamber of Commerce, as the second of
three remaining senators.
The constitution provides that, after the
SEE page 11


* By BRENT DEAN
Tribune Staff Reporter
SENATOR Damien Gomez yesterday
called for the construction of a new hall
of justice to replace the antiquated
Supreme Court building.
Mr Gomez, who is an outspoken critic of
the Bahamian judiciary and legal system,
spoke of the urgent need for new courts
while a guest on the Island FM talk show
Parliament Street yesterday. -
"We have reached the stage now where
the institutional buildings in which our
Supreme Court has been housed have
become inadequate with the times," he
said.
"It means that a major capital expendi-
ture will have to be sought to build the
proper facility which meets the require-
ment of a 21st century Bahamas."
Mr Gomez spoke of occurrences when
toilet overflows have brought the pro-
ceedings of the courts to a halt; and in oth-
er cases, failed air-conditioning has led jus-
tices to end their sessions early, as they
and participants of cases being heard were
unable to function in the triple-digit heat of
SEE page 11


Senior Sports Reporter
FOR the second consecutive week, Mark
Knowles and Daniel Nestor held up a
championship trophy before their impend-
ing break-up.
Fresh from their first victory at the
French Open Grand Slam last week in
Roland Garros, Knowles and Nestor won
their second Artois Championship after
winning four matches in less than 24 hours
yesterday.
Playing on the grass courts at the
Queen's Club in London, England, the
number four seeded team stunned the
world's best team of American twin broth-
ers Bob and Mike Bryan 7-6 (4), 7-5 to
add to their 2003 championship title in pre-
Wimbledon warm-up tournament.
Prior to upsetting the Americans, whom
they trail in the ATP computer rankings,
Knowles and Nestor knocked off the No 2
seeds Jonas Bjorkman and Max Mirnyi 7-5,
7-6 (4) in the semi-finals. They defeated
two unseeded teams in the second round
and quarter-finals on Saturday.
"It's been an incredible month for us,"
said Knowles, as he celebrated Father's
SEE page 11


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MAIN SECTION
Local News...........P1,2,3,5,6,7,8,9,10,11,12
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Editorial/Letters. ....................................... P4
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W eather......................................................P7
CLASSIFIED SECTION 36 PAGES
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Miami Herald Main............................P1-12
Miami Herald Sports.......................P13-17
Local Sports.....................................P18-20


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your

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from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
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If so, call us on 322-1986
and share your story.


THE TRIBUNE


PAGE 2, MONDAY, JUNE 18, 2007








THE TRIBUNE MONDAY, JUNE 18, 2007, PAGE 3


LOSNEWS


0 In brief

Bad weather
washes out
two events
at weekend


Christie claims PLP policies




have benefitted middle class


TWO major entertainment
events were washed out this
weekend by downpours.
Both Junkanoo in June, set
to take place at Arawak Cay,
and Jazz under the Stars, due
to be held at the College of the
Bahamas, were cancelled due
to inclement weather.
And with only one more
week left in June and the three
previous weekends washed out
by rain some may be left to
wonder whether Junkanoo in
June may have to be re-named.
Jazz Under the Stars, initially
scheduled for Friday, was
pushed back to Saturday, only
to again face cancellation as the
rainy season lived up to its rep-
utation.
Jazz artistes had flown in
from abroad to perform along-
side Bahamian musicians at the
event.
Attempts to reach organizers
were unsuccessful yesterday.


Ingraham

attends

party for

war hero
PRIME Minister Hubert
Ingraham was a guest at Satur-
day's 90th birthday party for
Captain Leonard Thompson, a
former war hero who also
served in the House of Assem-
bly.
Mr Thompson, brother of
author Chester Thompson,
marked the event surrounded
by family and friends at his
home in Marsh Harbour, Aba-
Co.
Newly-elected FNM MP for
the area, Edison Key, and local
attorney Frederick Gottlieb
were also among guests.
An island source said: "The
prime minister apparently trav-
, elled down from Cooper's
Town to be at the party."'
Captain Thompson, an Aba-
co stalwart, was a bomber pilot
during the Second World War
and spent some time in a Ger-
man concentration camp.
When he returned to the
Bahamas, he became a mem-
ber of the House of Assembly,
representing the UBP, and
worked for a time with the old
Bahamas Airways, forerunner
of Bahamasair.


US Congress
delays land and
sea passport
requirement
WASHINGTON

THE US Congress is moving
to postpone until June 2009 a
requirement that Americans use
passports for land and sea trav-
el to Canada, Mexico, Bermuda
and the Caribbean, according
to Associated Press.
The delay follows a torrent
of complaints about vacation-
ruining delays by the US State
Department in issuing the doc-
uments.
The House passed the 17-
month delay Friday after a
major Senate committee
approved it a day earlier.
The State Department has
been flooded with applications
since new rules went into effect
in January that would require
passports for air travelers
returning from the same desti-
nations. The resulting backlog
has caused delays of up to three
months for passports and ruined
or delayed travel plans of thou-
sands of people.
In response, the government
last week temporarily waived a
passport requirement for air
travel, provided people could
demonstrate they had applied.
According to government
estimates, about 6 million
Americans will need formal
documents to travel to the
Caribbean, Canada or Mexico
by air or sea. The estimated
*need for land crossings is more
than four times that: 27 million
Americans over the next five
years. Those numbers do not
include the regular year-to-year
demand for passports.


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* By BRENT DEAN
Tribune Staff Reporter
THE Bahamian middle-
class will expand and pros-
per as a result of the billions
of dollars of investments
negotiated and left in place
by the last PLP government.
Opposition leader Perry
Christie made this declara-
tion while addressing dele-
gates of the CEO Network
Conference on Friday at the
British Colonial Hilton, on
the topic of 'Strengthening,
Preserving and Protecting
the Middle-Class'.
As evidence for the future
strength and expansion of
the Bahamian economy and
middle-class, Mr Christie
pointed out that before leav-
ing office his government
had completed the touristic
plan for New Providence.
The near completion of
phase three at Atlantis; the
upcoming developments of
the Ritz-Carlton on Rose
Island and Albany at South
Ocean, along with the much
discussed Baha Mar Devel-
opment, Mr Christie argued,
are evidence of the pros-
perity ahead for the
Bahamas.
Regarding Baha Mar, Mr
Christie used the occasion to
defend his government's
negotiations with the resort's
developers. In order for the
mega-development to occur,
he said: "The vision had to
involve giving up some
Bahamian land."

Criticism

The former prime minis-
ter came under heavy criti-
cism during the election cam-
paign by FNM leader and
current Prime Minister
Hubert Ingraham for nego-


Prosperity lies ahead


for Bahamians,


claims former PM


tiating land deals that sold land
to foreigners, rather than leas-
ing the property as was, he said,
the practised policy of the pre-
vious FNM and PLP govern-
ments.
Mr Christie also told the
crowd that, though these cur-
rent and upcoming investments
demonstrate the health of
"middle class opportunities"
in the country, it is also essen-
tial for Bahamians to embrace
the spin-off entrepreneurial
possibilities from the develop-
ments.
This is especially necessary,
Mr Christie said, for members
of Family Island communities,


who must themselves embrace
ownership in the new economy
through start-up businesses
resulting from the anchor pro-
jects, rather than allowing Nas-
sauvians to come in and cap-
ture these opportunities.
Mr Christie also told the audi-
ence that a companion invest-
ment in the social development
of the country is, too, necessary
to ensure proper growth in the
country.
He emphasised that signifi-
cant resources will need to be
directed towards education and
health care, going forward, to
meet the needs of the popula-
tion.


* OPPOSITION leader Perry Christie


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MONDAY, JUNE 18, 2007, PAGE 3


THE TRIBUNE








PAGE 4, MONDAYAJUNE18,R2007 THE TRIBUN


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

LEONE. H. DUPUCH, Publisher/Editor 1903-1914

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


A serious disservice to the country


A CALLER TO a radio talk show last week
was concerned that the previous day more
than 400 students had graduated from LW
Young high school, but only 128 of them had
earned a valid diploma with a minimum grade
point average of 2:0. Many of those with diplo-
mas had higher grades. But anything below
2.0 merits only a leaving certificate, which
indicates that at least the student attended
school. However, according to one teacher
some students barely do that.
The radio caller was disturbed that so many
students were graduating without an education
and basic training to find a job. She was also
perturbed that parents seemed elated that
their child had "graduated", but not concerned
that the certificate their child got all dressed up
in their "Sunday-go-to meeting" best to
receive was not worth the paper it was printed
on.
The caller was concerned about the social
problems being created by so many under-
achievers being released onto the job market.
Because of this certificate sneeringly
referred to by many as an "attendance cer-
tificate" a young student receives his first
reality shock when he is rejected for his
"dream" job for lack of qualifications. And
those who find a job are disgruntled employ-
ees because they haven't the capacity to earn
the salary they expected. Often these are the
employees, having failed to measure up at
school and later in the work place, who are
backed by the union.
And so the caller has every reason to wor-
ry for the Bahamas. As the Bahamas develops
and moves ahead, there are not enough edu-
cated Bahamians to meet the global challenge.
Jobs are being created, but where are the qual-
ified Bahamians to fill all of the positions?
Bahamian businesses are being crippled by
not being able to recruit enough staff locally.
But let them try to tap the foreign job market,
then those very same Bahamians who refused
to apply themselves when given the opportu-
nity, bellow that Bahamians are being over-
looked.
The schools cannot carry all of the blame.
Much of it goes to the politicians who took
merit out of the school system, and introduced
"social promotion." And so a student, even
though he has failed one grade moves into
the second, continuing his upward motion
despite his failures, until he is finally ready
for graduation, which sends him on his "walk-
about" in the world, clutching a certificate
that means nothing.
In the "old days", said one teacher, "we


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did not have all these young people walking
about with no education. They had to pass
the first grade before they could be moved to
a higher class. But today most schools don't
want you to repeat, they just want you out to
make way for the next group coming up."
We asked a teacher about what the caller to
the radio show meant by an "attendance cer-
tificate" on graduation. The teacher said such
a certificate is often a misrepresentation. He
recalled a student who he saw at school on
only three occasions for the school year. Yet
this young man was prominent among the
graduating class.
The teacher said he was recently in a bar-
bershop when he heard a young student brag-
ging that he was going to arrive at his gradua-
tion this year by helicopter. The teacher asked
the student about his grades. "I asked him if he
got a 2.0 grade point average, which is the
lowest grade for a diploma. He was too
ashamed to say 'no', so he just shook his head
in the negative." The teacher said he kept
going lower on the achievement scale, each
time getting a negative shake of the head in
response. When he reached 1.5 grade, and the
head was still shaking in the negative, the
teacher said be just closed his eyes and quiet-
ly "prayed for the country."
And this is where the parents come in.
They are encouraging the wrong sense of val-
ues in their children. They are celebrating
mediocrity when they should be teaching their
children that failure is just that failure,
and nothing to be proud of.
Parents cry "poor mouth" when it comes to
buying text books for their children yet
they will go to the bank to borrow against the
roof over their heads to make certain that
their "failures" can have the most spectacular
prom that their meagre earnings cannot afford.
They are too busy to supervise their children's
homework. They don't attend PTA meetings,
and when a teacher tries to arrange a meeting
with them to try to "set up something positive
for their child, they don't show."
Another teacher believed that children
having babies is another major problem. These
child-parents, themselves without education,
have no appreciation of its worth.
Parents, who are not being made responsi-
ble to the country for their children, and a
country that does not have the programmes
needed to assist a parent with an unmanage-
able child, are the major problems.
And rewarding a child for failure is a seri-
ous disservice, not only to the child, but to
the country.


appointme


EDITOR, The Tribune.
I WRITE in connection
with a reference to me in my
friend Sir Arthur Foulkes' "To
The Point", which appeared
in your May 15th, issue. I wish,
in the interest of full disclo-
sure, to make just a few
points, and state that there is
no need for any further com-
ment by Ambassador Foulkes.
I intend no criticism of my
friend.
Firstly, I was a career diplo-
mat for many years before I
was elected to Parliament in
1980, having joined the Min-
istry of External Affairs (as it
was then called) for the first
time in 1974. In fact, in 1980 I
was Deputy Chief of Mission
at our Mission to the United
Nations and was at that time a
civil servant.
Secondly, being fully aware
of the rules, I, submitted my
formal letter of resignation to
Prime Minister Ingraham the
day after the FNM was elected
in 1992. I never received a
response to that letter.
Thirdly, in November'1993,
I was "recalled" by a tele-
phone call (a nice diplomatic
word for terminated). My
three-year contract was ter-
minated after a little over a
year, and since I received no
compensation for the remain-
ing almost two years of my
contract, I assume that the ter-
mination clause in my contract
was used to recall me. There
was no written communica-
tion. One can easily get the
impression, as I did, from Sir
Arthur's comments that I was
permitted to remain in post to
complete my tour of duty.
That was not the case.
Fourthly, when the govern-
ment changed in 2002'. I wrote
publicly that persons serving
abroad, political or career
diplomats, should remain in
post, subject only to their will-
ingness to continue. As a small
country there is only a small
cadre of persons qualified to
serve at diplomatic missions
abroad, and even smaller pool
at the level of chief of mission.
I fully and publicly supported
the continuation of Ambas-
sador Sears and other heads
of missions. Ambassador
Sears was fully qualified and
capable and did an excellent
job, notwithstanding his
potential candidacy for the
FNM in the 2002 general elec-
tions. I believe that by 2002


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he was retired from the public
service and was therefore a
contract officer. Being the
Deputy Permanent Secretary
at the time, I was happy to be
part of a small panel which
selected Mr Sears for employ-
ment in the Ministry of For-
eign Affairs.
I was the only person in the
Ministry who knew him and
his capability and subse-
quently we had the pleasure
of serving together at both the
local and international levels
for years. Mr Christie was
right to leave Mr Sears in post
for the full five years.


nts


It is my prayer that one day
we will so grow as a country to
the level of political maturity
that one's political opinions
will not determine appoint-
ments, all things being equal.
That is the way it is done in
democracies around thie
world, including the
Caribbean. My potential
appointment as Ambassador
of CARICOM to the UN i'n
more recent times is an inter-
esting story which I would like
to share with Ambassador
Foulkes, privately. The way
ahead for us as a county
seems clear, whoever is tire
government.
JAMES B
MOULTRIE PhD
Nassau,
May 21, 2007.


Pervasive ignorance among

leaders over accrued debt:

EDITOR, The Tribune.
WE are living in a country that has to pay off an accrued debt,
however, there is a pervasive ignorance among leaders, religious atnd
political regarding this debt. There is a current call for the young men
to stop the violence, for the adults to put an end to the domestic vio-
lence, even one of the major denominations has called for the political
parties to take the high road as we go into the election season. But,, I
am sitting at my computer listening to our local Christian radio station
and one advertisement for peace and stopping violence was followed
by a very nasty political advertisement. What is it about those very polit-
ical persons who act as if their very lives depend on a "means justify-
ing the end attitude"?
Back to the debt issue. We have come to a place in the nation's his-
tory, where we are approaching a certain alignment. Those of us who
see 1967 as the very public entry of the black populace into the politics
of this nation, have tried to stay away from themath as to what-2007
means.
A pastor friend of mine has no such apprehensions, he has been
preaching about the "crossing Jordan" issue for a few weeks and he has
brought up the point that if we are to "cross over" it will have to be as
a nation.
He is a very strong PLP, but he has made it clear that we are not
going to "cross over" as PLP or FNM, we will have to do it as one pep-
pie. For a while we have been hearing the lie that the Bahamas was giv-
en to a certain political party, when in fact it was given to the Bahami-
an people; but there are some of us who still believe that you have to
be of a certain political persuasion to be a Bahamian, and if the pastor
is preaching truth, then, these persons are knowingly or unknowingly
promoting or preaching confusion.
A bit of history. In 1967, we took on to ourselves a biblical framework
where the Moses, Joshua, Children of Israel, Jordan experience
became part and parcel of our identity as an emerging nation. We may
have forgotten what we bought into.
Some of us did forget, because certain "men of the cloth" becanie
obvious and obnoxious card carrying members of political parties and
sowed seeds of division into their congregation causing fractures
among families, spiritual and natural. ,'
These men stood silent as laws were passed that removed parental
and social protection from Bahamian teenagers, they also stood silent
as the authority of teachers was taken away and MPs had more to do
in the classrooms than teachers.
A few decades of social promotion, the impact of the 80's drug
scourge and widespread religious and political pandering have brought
us to a place where "crossing over" to anywhere is going to be a real
problem, but this does not change the fact that 1967 from 2007 is 40, and
before this episode is over there is a debt to be paid. This is a good time
for the theologians in the land to bring the politicians in the land up to
date as to what all of this could mean.
EDWARD
HUTCHESON
Nassau,
2007.




LA CASITA
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PAGE 4, MONDAY, JUNE 18, 2007


THE TRIBUNE








MONDAY, JUNE 18, 2007, PAGE 5


THE TRIBUNE


LAN


0 In brief

Documentary
shows human
values of Cuba,
says minister
* CUBA
Havana
CUBA'S health minister said
Friday that American filmmak-
er Michael Moore's documen-
tary "Sicko" highlights the
human values of the island's
communist-run government,
according to Associated Press.
Moore flew to Cuba in March
to obtain health care for three
'ailing Sept. 11 rescue workers as
part of the documentary, which
calls for an overhaul of Ameri-
ca's health care system. The trip
* has been the subject of a U.S.
federal investigation for possi-
ble violations of the U.S. trade
embargo restricting travel to
SCuba.
Speaking to reporters at a
Havana event, Health Minister
Jose Ramon Balaguer did not
say if he had seen the movie or
,was simply relying on snippets
that have aired on international
television. "Sicko" debuted at
the Cannes Film Festival in
May, but does not open in US
theaters until June 29.
Still, Balaguer said that in
"Sicko," "Moore explained his
reasons why those patients were
attended to in our country,"
adding that Cuba is "always
open to cases, that, from a
human point of view, need our
public health services."
," He said the film does not
serve to "promote" Cuban
health care, but conceded
"there can be no doubt this doc-
umentary by a personality like
Mr Michael Moore helps pro-
mote the profoundly human
:principles of Cuban society."
Most Cubans receive free
tare and housing and enjoy
heavy subsidies on basic food,
transportation and utilities.

30 per cent of
Cubans ae
overweight,
says study
. CUBA
Havana
CUBANS are no strangers to
the battle of the bulge, accord-
'ing to Associated Press.
Waistlines have expanded
since the economic crisis of the
early 1990s eased on the com-
'munist-run island so much so
that 30 percent of adults are
now overweight, a newly
released government study
reveals
.Some people outside Cuba
hold ,n to a stereotype of mal-
,iourished Cubans waiting in
lines for a few potatoes, but
there is ample evidence to the
contrary in Havana, where
bulging waistlines are stuffed
into snug skirts or peek through
too-tight guayabera shirts.
"People eat lots of things like
pizza and bread that fill you up,
but put on a lot of weight," said
Lucia, a plump housewife who
did not want her last name used,
saying she was embarrassed
about her weight and uncom-
fortable talking publicly about
something as political as food.
"If you want to go on a diet
it's hard because vegetables and
fruits cost a lot," she said.
SIn Cuba, as elsewhere, "obe-
sity and excess weight represent
a serious public health prob-
lem," causing conditions such
as diabetes, hypertension and
heart troubles, said the study
by Cuba's Nutrition and Food
Safety Institute.
Released by state media this
month, the 2004 study focused
on urban areas, where three-
quarters of Cubans live.


Share

your

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

TROPICA
EXTERMI:: NATORS ~qf,
PES CO"N/T" RO] i]L


Father of murder victim




frustrated at trial delay


* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT Rev Glenroy
Bethel, a minister of the King-
dom Worship Centre, is very
upset that the murder trial for
persons accused of his son's
death has been postponed
indefinitely when a defence
lawyer failed to appear in the
Supreme Court.
Rev Bethel, the father of 16-
year-old Rishawn Bethel, has
waited patiently for nearly two
years to see justice done, but
Monday's trial proceedings,
initially delayed to Wednes-
day, has again been postponed
with no date set for trial,
"I was ready... to see justice


prevail, and then something
like this happens, and it causes
me to lose hope in the justice
system," he said.
The murder trial of Trevor
Forbes, William Lightfoot and
Denardo Arthur, accused of
the murder of Rishawn Bethel,
was rescheduled to Wednes-
day because defence lawyer
Simeon Brown was unable to
attend because of a prior case
before the Court of Appeal on
Monday.
However, lawyer Fayne
Thompson, who represents
one of the three defendants,
was also absent from court on
Monday with no explanation
given at that time for his
absence.


Rev Bethel said that when
he returned to court on
Wednesday, Justice Faizool
Mohammed, the presiding
judge in Supreme Court Two,
informed the court that Mr
Thompson was unable to
attend Wednesday's proceed-
ings because of illness and
plans to go to Florida.
Rev Bethel wanted to know
why the court was not notified
sooner, or informed on Mon-
day of Mr Thompson's illness.
He said that if Mr Thomp-
son was ill then someone else
from his law firm should have
been sent to Freeport to sit in
for him in court.
"I think it is really a waste of
the court's time, and everyone


who is concerned with this
case," he said.
"Here it is, we were supposed
to have proceeded with a trial
today and now we have another
delay because of an attorney.
And this time, no date has been
set down in the matter," he said.
Rev Bethel said he is very
concerned about the country's
high murder rate. He is also
strongly opposed to persons
who are accused of murder
being released on bail from
prison.
"What kind of message are
ie sending to the criminals?
"As a citizen of this country, I
am really opposed to this
because these same persons that
are released on bail are com-


emitting other crimes.
"And, while the defendants
in this case are not out on bail.
we have lawyers messing up the
court system with delays by fail-
ing to appear in court when
they are supposed to.
"I find this disrespectful. And
as the father of a murder vic-
tim, I feel that just as the griev-
ing families have to wait for a
trial, those who are accused
should also have to wait behind
bars until a date is set," said
Rev Bethel.
Rev Bethel believes that
there should be some penalty
imposed on lawyers who fail to
give adequate notice of their
absence in court matters.


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THE Ministry of Education
is to increase police presence
at schools during the after-
noons in a move to combat
school violence, the House of
Assembly was told.
"In the coming year we
shall seek to regularize the
status of what are now called
Auxiliary Police Constables
as a part of the school securi-
ty initiative," Education,
Youth, Sports and Culture
Minister Carl Bethel said.
"We will be requesting an
increase in the intensity of
regular police patrols at the
entrance of schools during the
period when school is dis-
, ,, misuse jin the aft.pi oon.',
Mr Bethel was speaking in
the House of.Assembly dur-
ing debate on the $1.5 billion
budget for fiscal 2007/08.7
"Recently there has been a
disturbing trend where stu-
dents are being accosted and
physically assaulted outside
of school grounds after school
hours," Mr Bethel said.
"The request to increase
police patrols is part of a
response to the emergence of
violence against and amongst
students outside of the school
but in the immediate vicinity
of school grounds."
His ministry, he said, has
made a "the conscious deci-
sion" to hire private security


outsource security services
where possible, it should be
borne in mind that the inci-
dence and severity of violence
in and around school grounds
during school hours and after
school hours has increased dis-
turbingly over recent years. The
Number of break-ins overnight
thas also increased in certain
"- schools.
, e f .s. "In my view the school yard
Mr Bethel said. "The school
should be a place where our stu-
dents have a refuge from the
hardships and challenges which
can afflict far too many students
on the streets and even in their
own homes.
"Under no circumstances
anshould we ever countenance
S CARL Bethel continuing to allow the incur-
iAesions of 'the street' into, upon
j-' and around our school
firms where possible "bect'ie grounds."
our years of experience have
shown us that this is a more
effective strategy."
He disclosed that his min-
istry has also reduced the
number of security personnel
from 287 to 249.
"Many of this number have
retired or were medically or
otherwise unsuited to conduct
the kind of surveillance
expected of those charged
with protecting human life
and property at this time," Mr
Bethel said.
"Even as we move to ,..
implement a programme to .


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A new colonialism? EU trade




demands and ACP countries


* By Sir Ronald Sanders
I The writer is a thusi/less con-
mIu!!,nt am/l o/rmner Caribbean
ii i U{) (iiil ).

HIE EuIropean Union
(EU) has been pushing



\-r

The4
Th Way
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


African. Caribbean and Pacific
(ACP) countries to conclude
Economic Partnership Agree-
ments (EPAs) by the end of the
year. claiming that preferences
which they now enjoy will not
be approved by the World
Trade Organisation (WTO)
come next year.
Now, at last, some govern-
ment representatives in Africa
and the Caribbean are refusing
to be pushed, recognizing that
the terms of the proposed EPAs
could make their countries
worse off than if they relin-
quished the preferences.
In any event, preferential
access to the EU market for two
important exports, sugar and
bananas, has already suffered
from significant changes to the
terms of entry. Preferences,
therefore, while still important
to small and vulnerable
economies, do not have the
same worth as they did before.
If, on top of this reality, the
EU insists on the further open-
ing up of the markets of ACP
countries to give European
companies the right to compe-
tition and government procure-
ment, local companies could be
squeezed out of their own


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domestic markets.
The EU also wants trade in
goods and services opened up
on a reciprocal basis. This
means that the African,
Caribbean and Pacific regions
would be treated as if they were
the equals of Europe in trade
and investment terms despite
the huge differences in the lev-
el of their development and
their financial capacity.
In short, the ACP countries
could be swamped by Europe
for despite the talk about "rec-
iprocity", it simply is not possi-
ble for ACP companies to com-
pete within their own countries
(let alone in Europe) with much
larger and well resourced Euro-
pean companies.
Indeed, in as much as the EU
countries may not want to hear
it, and they would strenuously
deny it, these EPAs could well
be the start of a new era of colo-
nialism in which the economies
of ACP countries are held in
thrall to European companies.

T he EU has to recall
that it is busy fortify-
ing barriers to migration from
ACP countries, it should not at
the same time be contributing
to conditions of dislocation and
displacement in which more and
more people have to try to get
into Europe to eke out a liveli-
hood.
Lest it be said that I am
unmindful of the circumstances
of poor governance in many
ACP countries, and that I am
ignoring the need and impor-
tance for adjustment in the
economies in all of them, I
acknowledge these circum-
stances fully. But, even with the
best will in the world to address
these issues, ACP countries will
be hard-pressed to do so if they
are not given the breathing
space and helped with the
capacity to effect the changes
that are necessary.
The Trade Minister of Bar-


WORLD VIE

bados, Dame Billie Miller, who
is a seasoned campaigner in all
of the trade negotiations in


These EPAs
could well be
the start of a
new era of
colonialism in
which the
economies of
ACP countries
are held in
thrall to
European
companies.


which the Caribbean has been
involved, particularly with the
EU and the WTO made a
telling observation recently. She
declared that regional negotia-
tors remained firmly convinced
that preferential treatment must
be given to small vulnerable
economies and developing
countries, as there is a need to
protect sensitive sectors and
industries from rapid liberali-
sation.
She went on to say: "Europe
and the other OECD countries
gave themselves since the Sec-
ond World War virtually the
better part of 60 years to
arrive at where they would like


us to be. And they expect us to
do this in 10 to 15 years. It is
just a human and physical
impossibility".
Then, a Namibian trade ana-
lyst, Wallie Roux, lost his job
because he suggested that the
EU was trying to browbeat
southern African governments
into signing an EPA before they
had a chance to analyse its con-
sequences. Roux had urged the
SADC governments not to
capitulate to demands that they
sign an EPA swiftly. He wrote:
"If you are unwise enough to
rush for a deadline without


It is not
sufficient for
the EU to dangle
the threat of
the WTO not
extending
preferences
over the heads
of the ACP
group.


looking at the content of the
agreement, then you are signing
away your life".

Both Dame Billie's
remarks and Mr
Roux's observations point to
the growing unease of ACP


N SIR Ronald Sanders


countries with the hurried pace
at which the EU wants to com-
plete the EPA's. There is clear-
ly a need to pause and to reflect
more deeply on the implications
of the proposed agreements. If
they are concluded in haste,
there may lead to a long and
troubled period of repentance.
It is not sufficient for the EU
to dangle the threat of the
WTO not extending prefer-
ences over the heads of the
ACP group. The WTO is a
creature of its member-states,
and surely if the four regions of
Europe, Africa, the Caribbean
and the Pacific were to make a
case for the extension of cur-
rent conditions to allow them
more time to conclude agree-
ments, other countries in the
WTO would listen.
And, if they don't, then per-
haps Russian President
Vladimir Putin may be right
that today's international eco-
nomic organizations "look
archaic, undemocratic and awk-
ward" and a new system is nec-
essary one that is more sen-
sitive to development and less
obsessed with globalisation.
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THE TRIBUNE


PAGE 6, MONDAY, JUNE 18, 2007


1 ,


I


'''






MUNUAY, JUNE 18, 2UU/, HALU /


THE TRIBUNE


@ In brief


Footballers
from Haiti
return home
from NY

* HAITI
Port-au-Prince
FIVE Haitian soccer players
of the country's World Cup-
bound national youth team who
mysteriously disappeared dur-
ing a stopover in New York
returned home Friday, the gov-
ernment said as it announced a
probe into the embarrassing
incident, according to Associat-
ed Press.
Haitian Sports Minister Fritz
Belisaire did not say whether
the five teens, who'were among
13 of the team's 18 players who
went missing, were being pun-
ished or if they would be
dropped from the team's roster
for the FIFA Under-17 World
Cup in South Korea.
Five other players flew from
Haiti to New York on Thurs-
day to join the rest of the team,
Haitian consul general Felix
Augustin told The Associated
Press. All arrived Friday in
South Korea to play an exhibi-
tion tournament ahead of the
World Cup.
The team, all under 17 years
old, missed its original flight on
Wednesday when the 13 players
disappeared during an
overnight stopover in New
York. They all returned by
Thursday and were reunited
with their teammates.
No motive has been given for
the apparent desertion but Beli-
saire said Haitian authorities
were investigating claims that
adults helped the youngsters
flee.

US investor
accuses PM
of Grenada
of fraud

* GRENADA
St George's
A CHEATED American
investor has accused Prime
Minister Keith Mitchell of tak-
ing US$1 million in kickbacks
from a former Grenadian
ambassador-at-large convicted
of leading an international mail
fraud scheme, according to
Associated Press.
Government spokesman Bar-
ry Collymore dismissed the
accusation Friday and said cor-
ruption allegations stemming
from Mitchell's relationship
with fraud ringleader Eric
Resteiner were coordinated by
his political opponents.
A lawsuit filed in US District
Court in New York by Charles
Howland of South Dartmouth,
Massachusetts, claims Mitchell
received cash payments from
the German-born Resteiner,
who is serving a seven-year sen-
tence at a federal prison in
Rhode Island.
A former security director for
Resteiner, Timothy Bass, testi-
fied in a deposition that the
then-ambassador made two
payments of at least US$500,000
to Mitchell including one
transaction in June 2000 that he
secretly filmed at Resteiner's
residence in Switzerland,
according to documents filed
with the US lawsuit.
The complaint alleges
Mitchell "knowingly shared in
the spoil of an enormous pat-
tern of fraud perpetuated by
Resteiner on plaintiff."
Allegations that Resteiner
bribed the prime minister for a
diplomatic passport first sur-
faced in April 2004, when the
Miami-based online newsletter
OffshoreAlert reported that
Mitchell accepted US$500,000
from the businessman.


Share
your

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


Home for the elderly makes



appeal for hurricane supplies


* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT The Grand
Bahama Home for the Aged is
in urgent need of important
hurricane supplies and the
public is being called on to
assist the facility and its elder-
ly residents during this year's
hurricane season.
In preparation to face the
hurricane season head on,
Agatha Thompson, adminis-
trator of the Home for the
Aged, said the facility is in
need of various hurricane
items, as well as cleaning sup-
plies and bed linens.
Since sustaining severe
damage during 2004, the home
has fallen in financial arrears
with numerous repair works.
Mrs Thompson was very
pleased that Discovery
Cruise Line responded to
their calls for assistance with
the donation of much-needed


A


(.


I I


kitchen appliances, including
a new Hotpoint stove and
stainless steel Whirlpool
refrigerator by Hanns J
Hahn, general manager of
Discovery.
"On a daily basis, the home
prepares and provides three
meals for its residents, plus
two snacks. Food is not a
problem as different organi-
sations donate these items on
a fairly regular basis," said Mrs
Thompson.

Care

The home is a non-profit
organisation that has provided
care to the elderly on Grand
Bahama for many years.
When asked how the com-
munity can better assist, Mrs
Thompson said there is a need
for cleaning items and bed
linens on an ongoing basis.
"Visiting the home, you will


--*1


be greeted by friendly staff and,
upon observing how clean and
pristine the home is, there is no
doubt that the residents are well
cared for.
"My main concern, right now,
is to ensure that we have all of
the necessary hurricane supplies
on hand. We also need to
replace the window blind and


are currently replacing the
screens for the windows and the
doors so that fresh air can blow
through the home, without the
nuisance of summer flies," she
said.
Mrs Thompson is appealing
to the Grand Bahama commu-
nity to help those "who are eas-
ily forgotten and whose well-


being is her priority."
"I would like for us to be
ready for whatever we may face
this season...I would like for us
to be prepared and to have the
peace of mind knowing that the
home will be secure and no-one
will have to be re-located during
a time of crisis," Thompson stat-
ed.


* AN aide at the Home making use of the new stove donated
by Discovery Cruise Line, along with Mrs Thompson at the
new stainless steel refrigerator, two much-needed items
required for the upgrade of the Home's kitchen.


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-4






THE TRIBUNE


PAGE 8 MONDAY, JUNE 18, 2007


LOCLNW


Govt officials welcome


inaugural non-stop


service from Atlanta
DELTA Airline's inaugural non-stop jet service from Allainta.
Georgia, to North Eleuthera on Saturday was welcomed by
Minister of State for Tourism Branville McCartney, Speaker ol
the House Alvin Smith also MP for the area and government
officials.
Charles Rowe. Delta representative, made a presentation to
Mr McCartney (bottom right).
(BIS photos: Patrick lHaina)


v&- .7


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* DWAYNE Smith, 30, also know as Puncho
of Pine St, Pinewood Gardens. He is wanted
for the rape and murder of Diangelo
Armbrister.


Pictures of


wanted men


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by police


In the wake of a spree of
murders last week, police have
released a list of wanted men
described as armed and dan-
gerous.
Those with information
regarding the whereabouts of


any of these individuals are asked
to call the Central Detective Unit
at 502-9930/9991; Police Emer-
gency at 919/911; Police Control
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pers at 328-8474; or the nearest
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* DAVID Cooper-Cunning- 0 NAIRRO Paterson also
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of Quincy Glinton. attempted murder of Quincy
Glinton.


* EDUARDO Carey, 27, of
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tion with the murder of Dian-
gelo Armbrister.


* GEORGE Ferguson, 25, of Clarke Avenue,
Grand Bahama. He is wanted in connection
with the murder of Konstantino Vardoulis.


* DENNIS Peterson, 22, also know as Lil D of
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of Quincy Glinton.


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~ 3 1... __.__,__- __


MONDAY, JUNE 18, 2007, PAGE 9


THE TRIBUNE












Schism is more likely as Episcopal



church questions bishops' authority


I By ALISON LOWE
Tribune Staff Reporter
THE US branch of the Angli-
can church has questioned the
authority of worldwide bishops
to make "demands and impose
deadlines" on the Episcopal
church as it relates to divisive
gay-related issues, possibly
drawing nearer the likelihood
of a schism in the 77 million
member church, According to
Associated Press.
The comment was made in


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No response to primates' request in sight

as September deadline draws nearer


response to requests made in a
communique issued by the pre-
siding bishops, or "primates" in
February following a meeting
of those church heads in Tan-
zania.
Speaking in Nassau at that


time, Archbishop of the West
Indies, Drexel Gomez, who had
attended the meeting, explained
that the position of the world-
wide communion was that the
US Episcopal church had until
September this year to answer


positively their demands that
the church no longer consecrate
openly homosexual bishops, or
bless same-sex unions.
If the church did not do so
by that time, said Archbishop
Gomez also Bishop of the
Diocese of Nassau and the
Bahamas, and a leading oppo-
nent of the consecration of
homosexuals a schism
looked further likely, with the
US branch possibly having to
take on "some kind of associ-
ate status" instead of being a
part of the global church as it is
now.
In Thursday's statement, the
2.4 million strong US Episco-
pal church described the pri-
mates' requests as "of a nature
that can only be dealt with at
our general convention" -
which is not due to be held
again until 2009.
This may create problems for
the church, in light of the
strongly-worded assertions by
Archbishop Gomez in Nassau
that a definite response was
required from the Episcopal
church by September, 2007.
The US branch also rejected
another of the requests made
by the Anglican primates -
that a primatical vicar may step
in to oversee Anglicans in the
US who no longer feel repre-
sented by their American bish-
ops saying this was in viola-
tion of the church's constitu-
tion.
And in a further riposte, their
statement pointed out that the
Episcopalian church had never
given its blessing to same-sex
unions, but merely recognized
that these do take place at the
local level at the discretion of
those church figures at that lev-
el.
Tensions were first raised


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* ARCHBISHOP Drexel Gomez


within the church in 2003, when
the US Episcopalian church
consecrated Gene Robinson, a
openly gay man.
Archbishop Gomez said in
February that such an action,
along with the blessing of same-
sex unions, goes against the
teaching on sexuality adopted
by the Communion in 1998 in
the Lambeth Resolution.
He described such events as
"unacceptable to the majority
of the union" and a "non-nego-
tiable" issue. This, he said, had
been made "abundantly clear"
to the US church.
He suggested that if the
church did not step in line with
the rest of the worldwide com-


union, it would be unable to
sign up to the Covenant a
document, designed as a moral
framework to apply across the
worldwide communion, forged
in Nassau earlier this year under
the chairmanship of Archbishop
Gomez in conjunction with oth-
er members of the Archbishop
of Canterbury-appointed
Covenant Design Group.
The Covenant was accepted
at the Primates' meeting in Tan-
zania as an appropriate mecha-
nism or "series of affirma-
tions" for seeking to keep
the church together.
Attempts to reach Archbish-
op Gomez yesterday for com-
ment were unsuccessful.


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PAGE 10, MONDAY, JUNE 18, 2007


IHE TRIBUNE


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THE TRIBUNE MONDAY, JUNE 18, 2007, PAGE 11


Call for Supreme
Court building
to be replaced


FROM page one

summer.
Mr Gomez said that the
problem of failed air-condi-
tioning is chronic in the
courts.
"If you are a juror in a
jury pool, recently you
would have noticed that in
several of the courts that the
air-conditioning has broken
down," he said.
"You are talking about
subjecting people who are
already making a tremen-
dous sacrifice for the pub-
lic...as if you don't care
about them," the former
senator emphasised.
Mr Gomez also used the
occasion to reiterate con-
cerns raised by Justice John
Lyons regarding the severe
under-staffing of the
Bahamian judiciary.
However, he suggested
that the infrastructural inad-
equacies of the courts must,
too, be considered barriers
to a reasonable and fair sys-
tem of justice in the coun-
try.
A new facility needs to
contain proper holding facil-
ities for prisoners, which
separates them from wit-
nesses and members of the
public; a proper security
screening area and proce-
dures to ensure the safety
of people in the facility; and
there needs to be a proper
library facility, for the
Supreme Court and another
for the Court of Appeal, Mr
Gomez suggested.
"If we really have a vision
of establishing in the
Bahamas a litigation centre
of international repute,
these are the things we
would be looking for," he
said.


PLP will challenge appointment of




three senators in 'next few days'


FROM page one

governing party selects nine
senators, and the opposition
four, three senators should be
selected by the prime minis-
ter in consultation with the
leader of the opposition with
these last appointments
reflecting the balance of pow-
er in the House of Assembly.
When Ms Wright was
selected by Mr Ingraham, Mr
Christie objected, but was
overruled by Mr Ingraham

* PLP chairman
Raynard Rigby


Oil spills 'action plan'

FROM page one
placed for two mobile land oil response units. These will be stationed
at Clifton Pier and the Blue Hills compound, and made available to the
Family Islands if necessary.
Training and retraining of staff "in the safety procedures, the han-
dling, disposal and recovery of oil will also take place," the minister said.
At the time of the May spill, criticisms were made that the current
"action plan" relied too heavily on first determining who was respon-
sible for the spill rather than on attempts to alleviate the immediate
environmental impact.
The minister indicated that it is problems such as this that would be
given attention when the plan is reviewed, stating: "That's an area that
needs to be strengthened."
He added that the government has sought assistance from petrole-
um companies to investigate "the entire area" around Clifton Pier to
pinpoint how long-standing leakages thought to be via cavities in the
coastline can be stopped.
According to Neymour, the move is part of an overall emphasis on
"safety, health and the environment" on his part.
"It is important that as we develop our country, equal value is given
to the environment and the protection of our environment for the
future," he said.


under the provision of article
79(5) of the constitution,
which empowers him to con-
tinue with his appointment
even if the opposition leader
objects.
However, while the PLP has
said it has nothing against Ms
Wright personally or profes-
sionally, they have maintained
that her appointment would
not be in keeping with the
provisions of article 40, as she
is not a PLP member.


"In my view, article 40 is
fairly clear in terms of its
meaning and its interpreta-
tion.
"We therefore believe that
article 40 speaks clearly to
securing the political balance
in the Senate as it exists in the
House of Assembly and that
would mean to us that we are
entitled to the three senators,"
said Rigby.
"In as much as any person
who is put forth has not been


nominated by the leader of
the opposition, then he has a
constitutional right to ques-
tion that appointment," he
added.
Addressing enthusiastic
supporters at the "thank you"
rally, Mr Christie said it was
crucial that the party go ahead
with the challenge.
"This important point of
principle must be tested and
be fully understood...I will not
desert that point of principle."


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FROM page one

Day with his son, Graham. "It's
been really special today, espe-
cially, beating the top two teams
in the world."







(CAREYp"
_FABRuc & DEPARTMENT ST


in action.
AP FILE Photo)


They are now heading to
Wimbledon, the only Grand
Slam that they haven't won,
where Nestor has indicated that
he intends to split up after the
tournament is completed.
SEE sports section








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LOCAL NEWS


MONDAY, JUNE 18, 2007, .PAGE 11


THE TRIBUNE






THE TRIBUNE


PAGE 12, MONDAY, JUNE 18, 2007


,iArtists perform song and

verse at 'Express Yourself4


* ABOVE: Up-and-com-
ing poet Mrs. Patrice Johnson
reads one of her poems during
the latest session of "Express
Yourself."
RIGHT: Published poet
Mr. Sean Munnings shares
his craft during the latest ses-
sion of "Express Yourself".
(Photos: Eric Rose)


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7.:


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PAGE 14, MONDAY, JUNE 18, 2007 THE TRIBUNE


Belty K Agencies


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business on Saturdays between the hours

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23rd June 2007.




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Tel: (242) 322-2142 or 322-2813


IN THIS photo released by Nicaragua's Presidential House,
Cuba's acting President Raul Castro and Nicaragua's President
Daniel Ortega pose for photographers during a meeting in La'
Havana, Cuba, Saturday, June 16,2007.
(AP Photo/Nicaragua's Presidential House/Cesar Perez)


0 HAVANA
NICARAGUAN President
Daniel Ortega met with Fidel
Castro for four hours Saturday,
the third leftist head of state
to visit Cuba's ailing "Maxi-
mum Leader" in little over a
week. according to Associated
Press.
The pail discussed
Nicaragua's recent energy
crunch, which has included
blackouts and a shortage of
basic materials, as well as a lit-
eracy drive in the Central
American country and how the
use of biofuels can combat
global warming, according to a
Cuban government statement.
Ortega was joined in the
closed-door meeting by his wife
and presidential spokeswoman,
Rosario Murillo, the statement
said.
"Fidel was very satisfied with
the meeting with Daniel," the
statement said, adding that
Castro thanked Ortega for
publicly denouncing Cuban
militant Luis Posada Carriles.
an anti-communist warrior and
former CIA operative. Cuba
accuses Posada Carriles of ter-
rorism but lhe is free in the
United States after a judge dis-
missed immigration fraud
charges against him.
Ortega arrived Friday in
Havana as pait of a tour that
has taken him to Venezuela,
Algeria, Libya and Iran. The
statement said that earlier Sat-
urday, Ortega and Murillo met
with Fidel's brother Raul,
Cuba's acting president, to dis-
cuss the already friendly3 rela-
tionship between Nicaragua
and Cuba.
Fidel Castro has not been
seen in public since Julyv 31,
when he stunned Cubans by
announcing he had undergone
emergency intestinal surgery
and was stepping down in favor
of a provisional government
h.e-aded by the 75-year-old
Raul, the defense minister.
Life on the island has
.55",,


six hours behind closed doors
with Castro.
Chavez later referred to Cas-
tro as his "father" and said his
friend and ally had "recovered
his fastball of 90 miles an hour"
but was still "warming up his
arm" and was "not yet ready
to take the diamond."
Ortega's visit was not for-
mally announced beforehand,
though Chavez had hinted the
Nicaraguan president was on
his way to Cuba.
It was Ortega's first trip to
the island since retaking
Nicaragua's presidency in Jan-
uary. He was still president-
elect when he visited Havana
in December, part of a contin-
gent of leftists who attended a
belated celebration marking
Castro's 80th birthday.
A former Marxist who bat-1'
tied U.S.-backed Contra rebels
in the 1980s, Ortega was
defeated at the polls in 1990,
but was elected anew in
November.


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changed little under Raul Cas-
tro.
Meanwhile, Fidel's condition
and exact illness are state
secrets, though in recent weeks
he has penned a series of
essays on international topics
and has looked stronger and
more lively in official photos
and video clips meant to illus-
trate his recovery.
Castro appeared for nearly
an hour in a previously record-
ed interview with state televi-
sion which aired June 5, speak-
ing slowly but clearly and
apparently looking well enough
for his friends in the region to
begin accepting Cuban govern-
ment invitations to visit.
Two days after the interview
aired, Bolivian President Evo
Morales made an unannounced
visit to Havana, meeting with
Castro for three hours and say-
ing the convalescing leader
looked well. On June 12,
Venezuelan President Hug-o
Chavez arrived and talked for


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THE TRIBUNE


PAGE 14, MONDAY, JUNE 18, 2007







MONDAY, JUNE 18, 2007, PAGE 15


THE TRIBUNE


ROBERT Zoellick. the U.S.
choice to head the World Bank,
warned Saturday that Venezue-
la's economic and political trou-
bles were growing under Pres-
ident Hugo Chavez's leftist
government, according to Asso-
ciated Press.
"It's a country where eco-
nomic problems are mounting
and we are seeing (that) on the
political and press side it's not
moving in a healthy direction,"
Zoellick told a news confer-
ence in Mexico City.
He also suggested that the
World Bank's influence would
not suffer if Chavez goes
through with his plan to pull
Venezuela out of the lending
institution.
."If a country feels it doesn't
need or want the services of
the international financial insti-
tutions then that's their choice.
Venezuelans have a great
amount of oil money," Zoel-
lick said.
"I've found no shortage of
countries interested in trying
to work with the World Bank."
Chavez has said the World
Bank is a tool of the United
States that keeps poor nations
in debt.
He has set up a commission
to examine leaving the institu-
tion.
Chavez, who has been
blessed with high oil prices for
most of his eight years in pow-
er, insists his socialist policies
have improved the lives of poor
Venezuelans. The country's


economy grew by 10.3 percent
last year, the fastest in
the region, and government sta-
tistics show poverty has
declined.
Critics say Chavez's policies
are hindering job creation and
scaring businesses with threats
of expropriation.
He has also come under crit-
icism for failing to renew the
broadcast license of an opposi-
tion-aligned television station,
accusing the network.of back-
ing a failed 2002 coup.
At the news conference,
Zoellick also vowed to fight
corruption in World'Bank
member states and repair the
institution's reputation after the
turmoil surrounding its outgo-
ing president, Paul Wolfowitz.
The World Bank's 24-mem-
ber board is expected to elect
Zoellick to succeed Wolfowitz,
who steps down June 30 after a
scandal over a hefty pay raise
he arranged for his girlfriend, a
bank employee.
Dialogue with member states
and World Bank staff will help
repair the damage, Zoellick
said.
"There has undoubtedly
been a period of turmoil. Some
people feel frustrated, some
feel wounded," he said.
"There needs to be a consid-
erable amount of time spent
talking to people."
But he said there would be
some continuity from Wolfow-
itz's tenure, including efforts
to fight corruption linked to
loans.
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THE TRIBUNE
Alm,:<









THE TRIBUNE


MONDAY, JUNE 18, 2007, PAGE 17


0 In brief

German town
approves plan
to reschedule
Passion play
GERMANY
Oberammergau
RESIDENTS of Oberam-
mergau on Sunday approved
plans to move the Bavarian
town's famous Passion play into
the evening hours, the mayor
said Sunday, prompting the pro-
duction's director to say he
would stay in the job, accord-
ing to Associated Press.
Christian Stueckl, who is to
direct the play for the third time
when the once-a-decade pro-
duction is next staged in 2010,
had said he would step down if
the referendum went against his
plan.
Productions of the play pre-
viously have run from 9.30am
to 6.30pm, with a three-hour
interval. Stueckl, citing artistic
reasons, wants to start in the
afternoon and have the play run
into the dark evening hours, fin-
S fishing at 10.30pm.
The town council approved
the idea, but some 600 residents
signed a petition to force a ref-
erendum on the plan. Oppo-
nents cited concerns including
the defence of tradition and
higher costs.
However, Mayor Rolf Zigon
said Sunday's referendum end-
ed with 64 per cent voting in
favor of Stueckl's plan. He said
65 per cent of Oberammergau's
4,000 registered voters turned
out.
"I am very happy now I
know that I can carry on,"
Stueckl said.
The play has been performed
since 1634. Actors must either
be born in Oberammergau, or
have lived there for 20 years.

Conservatives
headed for
victory in
French vote

PARIS
VOTERS appeared ready to
hand President Nicolas Sarkozy
a comfortable mandate to open
up France's economy on Sun-
day, giving his conservative par-
ty a strong though smaller
than expected majority in par-
liament, according to poll pro-
jections, according to Associat-
ed Press.
Polling agencies projected
that the UMP and its allies
would have 341-357 seats in the
next National Assembly, well
above the 289 seats needed for
a majority in the 577-seat body.
The Socialists and their leftist
allies did better than expected,
with projections giving them
214-233 seats.

UK marks 25
years since
end of the
Falklands War
LONDON
DOZENS of military aircraft
flew over Buckingham Palace
on Sunday as Britain marked
the 25th anniversary of the end
of the Falklands War, according
to Associated Press:
Prince Charles, Prime Minis-
ter Tony Blair and former
Prime Minister Margaret
Thatcher joined military lead-
ers and thousands of veterans
for the ceremony commemo-
rating the end of the 1982 con-
flict between Britain and
Argentina over the south
Atlantic islands.
Some 10,000 veterans and
S their families attended a solemn
_ service on Horse Guards"
Parade traditional home of
British military pomp and cere-
mony that included hymns, a
two-minute silence and the
sounding of the "Last Post."
Among the veterans was
Prince Andrew, the second son
of Queen Elizabeth II, who flew
Royal Navy helicopters during
the conflict.
After the service, veterans
and current members of units


that served in the conflict
marched down the Mall, the
broad boulevard running up to
Buckingham Palace.
Thatcher, who sent British
troops to retake the islands after
Argentina's April 1982 invasion,
joined the other dignitaries to
watch the march-past from the
Queen Victoria Memorial in
front of the palace.
The conflict, which ended
June 14, 1982, cost the lives of
255 British servicemen, more
than 600 Argentine troops and
three islanders.


Crunch time for EU as foreign



ministers discuss constitution


* BELGIUM
Brussels
EUROPEAN Union for-
eign ministers held closed-
door talks in Luxembourg on
Sunday, seeking to narrow
deep divisions over what to
do with the bloc's stalled con-
stitution, according to Asso-
ciated Press.
German Chancellor
Angela Merkel, whose coun-
try holds the rotating EU
presidency, wants to resolve a
two-year impasse on the draft
treaty a blueprint for how to
govern the 27-nation bloc -
at a crucial summit of EU
leaders that begins Thursday.
However, with Poland
demanding that the EU
reopen sensitive debate on
how much power each mem-
ber should have, diplomats
and officials said they did not
expect a major breakthrough
Sunday, and anticipate tough
talks at the summit.
Germany needs backing
from all 27 EU members to
forge ahead with a redraft of
the bloc's constitution after
Dutch and French voters
rejected it two years ago. For-
eign Minister Frank-Walter
Steinmeier will push his coun-
terparts Sunday to accept a
detailed roadmap that seeks
to ensure a new toned-down
"treaty" with most of the
original draft intact is adopt-
ed within the next two years.
However, Poland has
threatened to veto any such
agreement, demanding that
it be given more say in EU
decisions. And other nations,
including France, Britain, the
Czech Republic and the
Netherlands, are insisting
that the new treaty cannot
be the same as the one
already rejected.
"There are a number of
areas where we have consid-
erable concerns," British
Foreign Secretary Margaret
Beckett told the British
Broadcast Corp. on Sunday.
"We're not interested in
doing things for the sake of
cosmetic change."
Meanwhile, the 18 EU
nations that have ratified the
constitution are demanding
that core parts of it be sal-
vaged.
EU diplomats and officials
are walking a tightrope in the
days before the summit
where they will decide the
fate of what was meant to be
a historic constitution
streamlining the way the
expanding EU makes deci-
sions and bolstering the EU's
role on the world stage,
Leaders agreed on the char-
ter in 2004 after two years of
arduous negotiations, and then
turned over ratification to each
nation. But its rejection by
French .and Dutch voters in
2005 has left the 448-article
constitution in limbo and the
EU without a rulebook as it
grapples with such tough
issues as climate change, immi-
gration and globalization.
The two "no" votes
reopened debate over how
much power bigger members


1

1





*


such as Germany, France and
Britain should have compared
to smaller states such as Poland,
Spain and the Czech Republic.
Merkel met Saturday with
Polish President Lech Kaczyns-
ki outside Berlin.
"For the time being, we're
each sticking to our positions,
yet with the conviction that
there must be success next
Thursday and Friday," Kaczyn-
ski said in comments broadcast
Sunday on Polish television.
Merkel also met with Czech
Prime Minister Mirek Topolanek,
who said he was hopeful for a
compromise at the Brussels sum-
mit, and added: "We support the
road map that the German pres-
idency has proposed."


Topolanek said he made clear
to Merkel that the Czech Repub-
lic would only use its veto if there
are attempts to resurrect the orig-
inal constitution, or if countries
seek to negotiate exclusive
exceptions to the treaty.
The draft charter foresees a
more simplified voting system
based on a double majority at
least 55 per cent of the EU
member states representing 65
per cent of the EU population.
However, Poland, a medium-
sized EU country, maintains
that those rules would favor
larger countries such as Ger-
many. It has proposed an alter-
native system based on the
mathematical square root of a
given country's population.


* GERMAN Chancellor Angela Merkel, right, welcomes Czech
Prime Minister Mirek Topolanek in front of the German govern-
ment's guesthouse Meseberg castle, north of Berlin, yesterday
(AP Photo/Sven Kaestner)


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THE TRIBUNE




Khartoum accepts



Darfur hybrid



peacekeeping force


* SUDAN
Khartoum
THE Sudanese government
and a UN Security Council del-
egation confirmed Sunday that
Khartoum has unconditionally
accepted a joint UN and
African peacekeeping force for
Darfur, according to Associated
Press.
The UN visit came after
months of Sudanese dallying on
the exact nature and mandate of
a 19,000-strong African Union
and UN hybrid force due to
deploy in Darfur to end years of
bloodshed.
"' can tell you that the
(Sudanese) foreign minister told
us in no uncertain terms that
the Government of Sudan
accepted the hybrid operation
without any conditionality," said
South Africa's ambassador to
the Security Council, Dumisani
Kumalo.
"The president himself just
confirmed the same thing to
us," he told reporters in Khar-
toum after meeting Sudan's
Omar al-Bashir on Sunday.
Emyr Jones Parry, the British
ambassador to the Security
Council, said the UN delega-
tion also held positive talks on
furthering the peace process
between Khartoum and Dar-
fur's many rebel factions.
"There isn't going to be an
enduring peace unless there is a
political settlement," Jones Pary
said. "The (Sudanese) govern-
ment confirmed its commitment
to pursue that,"' he told
reporters.
He called on Sudanese forces,
which have repeatedly breached
Darfur cease-fire agreements,
to "exercise a measure of self-
restraint" even though they are
"faced with lots of temptations"
in the remote western Sudan
region.
More than 200,000 people
have died in Darfur and 2.5 mil-
lion been chased from their


a SUDANESE president Omar Al-Bashir, right, meets with
UN's Security Council in Khartoum, Sudan yesterday
(AP Photo/Abd Raouf)


homes since 2003, when local
rebels took up arms against the
Sudanese government, accusing
it of decades of neglect. Sudan's
government is accused of
unleashing in response a mili-
tia of Arab nomads known as
the janjaweed a charge it
denies.
The UN and Western gov-
ernments have bebn pressing
Sudan for months to accept a
plan for a large joint force of
UN and AU peacekeepers to
replace the overwhelmed 7,000-
strong AU force now in Dar-
fur.
Sudan initially accepted the
plan in November but then
backtracked, before finally
agreeing to the force last week.
But al-Bashir is insisting that
everyone in the peacekeeping
force be African, a demand the
UN and experts say will likely
be impossible to meet.
"The president of the repub-
lic has made it clear that the
ball is now in the court of the


United Nations," Sudanese For-
eign Minister Lam said Sunday,
calling on the UN to pass a new
resolution as soon as possible
to fund the operation.
Sudanese officials said earlier
this week they expected the new
force to be in Darfur by Octo-
ber, depending on how quickly
the UN and AU are able to get
troops and funds.
Zalmay Khalilzad, the US
ambassador to the United
Nations, said Saturday that a
group of AU, U.N. and
Sudanese officials will work out
the details of who will con-
tribute troops to the joint force,
when it deploys and how it will
be funded.
Jones Parry, the British
ambassador, insisted Sunday
that all aspects of the force were
now agreed upon with the
Sudanese, including the com-
mand structure. He said the
force commander would be an
African, jointly appointed by
the UN and the AU.


All Bank of The Bahamas branches.



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THE TRIBNE MONDYNJUNEN8,T2007LPAGEW1


Group threatens


to execute BBC


reporter taken


from Gaza City


%E RESERVE THE RIGHT TO LIMITOUANTIIS V

RIPEESH ProduceiJ


.79


S


* THIS undated image originally provided by the BBC shows
BBC journalist Alan Johnson who was kidnapped in the Gaza
Strip on March 12.
(AP Photo/BBC)


GAZA STRIP
Gaza City
A SHADOWY group hold-
' ing a BBC correspondent for
three months threatened on
Sunday to kill him, in a video
broadcast by the Al-Jazeera
satellite TV channel, according
to Associated Press.
A spokesman for The Army
of Islam, identified as Abu
Khattab, told Al-Jazeera that
there was no deal to release
Alan Johnston, and if the sit-
uation gets more complicated
concerning us and our group,
then we will ingrate ourselves
to Allah by slaying this journal-
ist."
TI ht. authenticity of the video
c,', d not be independently con-
firmed. Earlier, a Hamas
spokesman in Gaza said there
had been no new developments
in the case, despite reports that
Johnston, who was abducted
from a Gaza City street on
March 12, would be released
soon.
The deposed Palestinian
prime minister, Ismail Haniyeh,
said earlier that his Hamas
movement is moving in a "seri-
ous, active way" to win the
Johnston's release.


After taking control of the
Gaza Strip last week, Hamas
officials said they had made
contact with the kidnappers and
would work to win his release -
in an apparent bid to gain favor
with the international commu-
nity and impose order in chaot-
ic Gaza. Since then, the group
has sent mixed messages about
how soon Johnston could be
freed.
Johnston was snatched in
Gaza by a group believed to
have some links to Hamas, and
a message purporting to be
from his captors has demand-
ed the release of Islamic pris-
oners, including a cleric being
held in Britain.'
Johnston, 45, was seen for the
first since his abduction in a
video posted two weeks ago on
a Web site used by Islamic mil-
itants. He appeared calm and
said he was being well-treated
and was in good health.
His disappearance is the
longest of any Western jour-
nalist abducted in Gaza. Pales-
tinian officials have said they
know where to find Johnston,
but have held back on raiding
the hideout at Britain's
request, for fear of harming
him.


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MONDAY, JUNE 18, 2007, PAGE 19


AnJ uNclE 187


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GN-519





GOVERNMENT NOTICE




j OFFICE OF THE PRIME MINISTER


COMMONWEALTH OF THE BAHAMAS
Island of New Providence


NOTICE OF POSSESSION

Given Under

THE ACQUISITION OF LAND ACT

Chapter 233



WHEREAS by Declaration of Intended Acquisition dated 9th day of March


A.D., 2007 and published in the Extraordinary Gazette dated 13th day of April

A.D., 2007, the Minister responsible for Civil Aviation, the Promoter, declared

that it was her intention to acquire the land described in the Schedule for a

public purpose namely for airport upgrade and expansion and for uses related

thereto.




AND WHEREAS the Minister responsible for Acquisition and Disposition

of Lands, is of the opinion that possession of the said land should be obtained

before payment is made to the rightful claimants thereto.




NOW THEREFORE it is hereby declared that the said land has been

appropriated by the Minister responsible for Acquisition and Disposition of

Lands for the purpose mentioned in the said Declaration of Intended

Acquisition with effect from the date hereof.




Dated this 13th Day of June AD., 2007




Hubert A. Ingraham
Minister Responsible for
The Acquisition and Disposition of Lands


Schedules
(Annexed)


DESCRIPTION


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

ALL THOSE certain lots pieces or parcels of land together containing

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

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

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

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

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

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

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

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

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

The Queen's Highway and approximately 1.4 miles southeasterly from

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

Long Island in the Commonwealth of The Bahamas ABUTTING AND

BOUNDING towards the NORTH on road reservations known as

Turquoise Close and Joy Drive towards the EAST on Turquoise Avenue

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

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

Agriculture towards the WEST on Fernandina Drive and Pitt Street towards

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

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

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

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

hereto annexed and marked "A".




R. Brennen
08/02/07


COMMONWEALTH OF THE BAHAMAS
DEPARTMENT OF LANDS & SURVEYS


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SHOMNG
PROPOSED AOUISITION OF LOTS SURROUNDING THE EXISTING STELLA MARIS AIRPORT

SIT AlT
NORTH Of THE QUEEN'S HIGHWAY AND APPROXIMATELY 1.4 MILES
SOUTHEASTERLY FROM BURNT GROUND SETTLEMENT
LONG ISLAND BAHAMAS

PREPARED AT THE INSTANCE Of THE SURVEYOR GENERAL
FOR THE OFFICE OF THE PRIME MINISTER
SCALE :N.T.S


SURVEYORS CERTICAITE
I ,Rdph H. hBrnnmn, a vew y registered and caused bn the
Bd m hereby certify thai tis pcn ham bern nmx from
nr) exeatal by me or under my parncald pmion that
both the pfin and surKwy are orecti and have bean made
ocordmcr iath the Land Surywy Act 1975 and the LOnd
Survewy RepltaUon. 1975 made therumnder



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PAGE 20, MONDAY, JUNE 18, 2007


JOB FIE HO. LO /6

FIELD BsOK NO.


"'-


THE TRIBUNE






MUINL)A'r, JUNt 1b, 2UU0/, HAtL ,I


THE TRIBUNE


Former Serbian minister wanted



for Kosovo war crimes arrested


* NETHERLANDS
The Hague
MONTENEGRO police
arrested a former Serbian police
general Sunday who had been
on the run for three years after
being charged with murder and
persecution of ethnic Albani-
ans in Kosovo, the Yugoslav
war crimes tribunal said, accord-
ing to Associated Press.
Vlastimir Djordjevic, Serbia's
assistant interior minister and
chief of the Public Security
Department from 1997 to 2001
and a close aide of late ex-
Yugoslav President Slobodan
Milosevic, was later transferred
to the tribunal's detention
block, the Hague-based court
said in a statement.
No date was immediately set
for Djordjevic to enter pleas to
the charges against him.
It was the second arrest in
just over two weeks of a fugitive
from the Balkan wars of the
1990s, leaving only four men on
the run, including former Bosn-
ian Serb leader Radovan
Karadzic and his wartime mili-
tary commander Gen. Ratko
Mladic.
The arrest of Zdravko Tolimir
on June 1 prompted the Euro-
pean Union to resume pre-mem-
bership talks with Serbia that had
been suspended last year over
what the EU called Belgrade's
lack of cooperation in hunting
down war crimes suspects.
Djordjevic's arrest "was car-
ried out in cooperation between
the office of the. prosecutor,
Montenegrin authorities and
Serbia and it is a sign of the
good cooperation we estab-
lished on a regional level," tri-
bunal spokesman Anton Niki-
forov said. "We want to praise
Montenegrin police and Serb
authorities for another success-
ful operation."
Belgrade's newfound willing-
ness to cooperate in such arrests
could indicate that the days in
hiding of Mladic widely
believed to be in Serbia are
drawing to an end.


Montenegrin police later con-
firmed the arrest in the Adriatic
Sea resort town of Budva, saying
Djordjevic was hiding under a
false identity, had grown a beard
and worked as a builder during
his time in hiding.
The UN war crimes prosecu-
tor for the former Yugoslavia,
Carla Del Ponte, had recently
claimed Djordjevic was hiding
in Russia.
For more than a decade, Serb
authorities were reluctant to
pursue war crimes suspects. But
amid intense international pres-
sure, they have helped persuade


many fugitives to surrender, and
more than two dozen suspects
have given themselves up in
recent years. The court has
indicted 161 people since it was
created in 1993.
"One after another, the men
on the run in the Balkans are
being arrested by the authorities
in the member states of the
Council of Europe," Secretary
General Terry Davis said in a
statement. "They can't hide for-
ever time is running out for all
of them."
Djordjevic, along With six oth-
er high-ranking Serb officials,


* FORMER Serbian police general, Vlastimir Djordjevic, left,
with former Yugoslav President Slobodan Milosevic, right.
Djordjevic, Serbia's assistant interior minister and chief of public
security from 1997 to 2001, was arrested by Montenegro police
and was to be transferred to the Hague-based court.
(AP Photo/Darko Vojinovic)


'ices


is accused of planning and insti-
gating crimes in the Serbian
province of Kosovo in the first
half of 1999, including the
forced deportation of 800,000
Kosovars, and the killings of
hundreds of ethnic Albanians
who had "no active part in hos-


utilities according to his indict-
ment.
The other six suspects already
are on trial at the tribunal, fac-
ing possible life sentences if
convicted. Also on trial is for-
mer Kosovo prime minister and
rebel leader Ramush Haradi-


naj, accused of crimes against
Serbs.
Prosecutors say Serb author-
ities unleashed a campaign of
terror aimed at driving ethnic
Albanians out of Kosovo to
ensure continued Belgrade con-
trol of the province.


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PAGE 22. MONDAY, JUNE 18, 2007


THE TRIBUNE


COIC PG


Tribune Comics


( Dennis


M E, TOO-1
'LL. CALL
STOMORCOW,
LOVE YOU!
Nl|| Pi


fr|i i~vyo-


WE'LL GET U5 A BIG
K G OF TOILET
WATER AND PARTY
THE T NIGkrAWAY/!


'ME AN' OU HAVE A LOT IN COMMON,MR.WILSON,
1 P0N'T HAVE A JOB, AN' YOU PON'T EITHER."


West dealer.
Neither side vulnerable.
.NORTH
*K854
VJ52
K J2
+A72


WEST
4763
VAQ 10843
S 5
#+K84


r Contract Bridge

By Steve Becker

Famous Hand


EAST
4102
T9
*Q 10963
+QJ653


SOUTH
*AQJ9
VK76
*A874
4109
The bidding:
West North East South
2 V Dble Pass 44
Opening lead five of diamonds.


years ago in the Cavendish Invita-
tional, perhaps the strongest pair
tournament in the world, and the
only one held in the United States
that awards substantial cash prizes to
top finishers.
The hero of the deal was multi-
world champion Jeff Meckstroth,
who, with characteristic oppor-
11Id 0 tunism, took advantage of a couple
, 1.."W' Kt"o' To of harmless-looking defensive slips
IoHLg~ilT \LUL IKM by his opponents to bring in a seem-
(ft To 9po IA ingly hopeless four-spade contract.
tI st ? C.L^A.-- Meckstroth was no doubt a bit
"-( tb surprised when dummy produced a


)|( Calvin & Hobbes


balanced 12-count for his takeout
double of West's weak two-heart
"opening. Given the lie of the oppos-
ing hearts and diamonds, declarer
appeared destined to go down one,
losing two hearts, a diamond and a
club.
Meckstroth played low from
dummy on the opening diamond lead
and won East's nine with the ace.
The A-K-J of spades were cashed,
East discarding a supposedly useless
club on the third round. Meckstroth
then led the innocent-looking heart
six from his hand.
West gave this a hard look and
decided to play low, no doubt fearing
East might have the singleton king.
When dummy's jack held, nothing
appeared to have been lost, since
West still had two heart tricks com-
ing. But Meckstroth had a different
idea.
A low club was led from dummy,
East winning with the jack. East's
club return was covered by the king
and ace, and dummy's third club was
led to East's queen, on which Meck-
stroth discarded a heart! When East
continued with his last club, Meck-
stroth again discarded a heart from
his hand, and also one from dummy.
It was here that East's earlier club
discard came back to haunt him. Left
on lead with nothing but diamonds,
he was forced to return one into
dummy's K-J, and the "impossible"
contract was home.


1* T~ARE


E


0

0


T


L


A


The
Target

words in
the main
body of
Chambers
21st
Century
Dictionary
11999
edition).


n 2 .Q TOT E t 5 tiflC-Cl I'N I HOW many words of four
A<* f 4 1(N s 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
I -there must be at least one
nine-letter word. No plurals.
TODAY'S TARGET
STGood 20; very good 30;
.excellent 40 (or more).
Solution tomorrow.


T) CRYPTIC PUZZLE I14 15 [ 1l
nT-I _M


ACROSS
3 Posts distributively yet keeps! (5)
8 Danger of a pier collapsing at the rail
terminus (5) ,
10 Is it sharp as a bird's bill? (5)
11 Something hastily drawn? (3)
12 It definitely shows the coppers are on
top! (5)
13 Mob-style means of
getting aboard (7)
15 Liven things, as when one's pet has
swallowed the key to the piano (3,2)
18 Transatlantic record? (3)
19 A ruddy nice colour? (6)
21 He gives orders all over
the place (7)
22 Is he left out for
being a boor? (4)
23 Captain in a galley? (4)
24 Urge possibly to enter by the central
gate (7)
26 Help with a good pass (6)
29 Nearly finished one
morning, you can eat it (3)
31 Passed as bread (5)
32 Is he always giving a
t worker warning? (7)
34 Does it help a bird to
get along? (5)
35 Nonsense to Tommy,
perhaps? (3)
36 Condiment container,
could be cuter (5)
37 Keep an eye on the time (5)
38 Are they torn from the tenants? (5)


Yesterday's cryptic solutions
ACRQ!S: 8, Re-pairs 9, Fellow man 13, H-0-ist 14, T-read
15, Suggest 16, Stern-ly 17,The-r-e 18, (t)Error 20, Sup-
er 22, Ev-OK-e's 23, F-iance 25, Buttons 27, D-ung-eon
30, Floors 31, (Wa)G-over-n(er) 32, Boner 35, (he)Artie(r)
36, Elle-N 37, No-strum 39, C-ott-age 41, Hum-l-D 42,
B-on-us 43, Clearance 44, Swallow
DOWN: 1, Rev-l's-e 2, Fa-sten-er 3, Pretty Penny 4, Dead
level 5, Fl-ash-ed 6, S-wagger-ing 7, C-are (rev) 10,
Chests 11, Men-lion 12, Sta-R-ve 19, Ran-goon 21, Pour
out 24, Running down 26, Turned away 28, Holly-hock 29,
Pen name 30, F-rance 32, Base-ball 33, Re-miss 34,
General 38, Runs on 40, Tall


DOWN
1 Started with a bang, perhaps, out
East (5)
2 It's worn to perform,
when allowed (7)
4 Someone in political history? (4)
5 Drive using a rope, in extremes of
peril (6)
6 How you feel when fears are
dispelled (5)
7 Get things clear (5)
9 Dash for the ladder! (3)
12 Fine show by a young attendant and
a six-footer (7)
14 Gaineda unique-sounding victory (3)
16 Turn and shoot about four (5)
17 Brightens up due to the
extra benefits (5)
19 Continue making saucy movies (5,2)
20 Leaps around making some frantic
appeals? (5)
21 External appearance of
noisy guys (5)
23 Do they help paparazzi start a
campaign with a new smear? (7)
24 Like a car as real property (6)
25 Listener twice in licence arrears (3)
27 That vital'something'(shown by
Muriel?) (5)
28 Bury in Milan? (5)
30 Quiet chat, perhaps,
with the dog? (5)
32 Forgot the middle was missing from
the lower part! (4)
33 Test of motherliness? (3)


Yesterday's easy solutions
ACROSS:8, Correct 9, Catamaran 13, Music 14, Exile lb,
Nirvana 16, Resolve 17, Earls 18, Night 20, Event 22,
Artist 23, Tennis 25, Satchel 27, Mustard 30, Puppet 31,
Intend 32, Atlas 35, Obese 36, Unite 37, Matinee 39,
Igniles 41, Mason 42, Drawl 43, Itinerary 44,
Tactile.
DOWN: 1, Boasts 2, Bracelet 3, Accelerates 4, Gate-crash
5, Tarnish 6, Fahrenheit 7, Data 10, Emerge 11, Directs
12, Wastes 19, General 21, Example 24, Fundamental 26,
Clementine 28, Infirmary 29, Release 30,
Profit 32, Antidote 33, Smells 34, Nursery 38, Nearly
40, Note.


ACROSS
3 Expects (5)
8 Allude (5)
10 Disprove (5)
11 Listening organ (3)
12 Bend (5)
13 Elflike creatures (7)
15 Dilate (5)
18 Vigour (3)
19 Pulchntude (6)
21 In base ten (7)
22 Frozen (4)
23 Champion (4)
24 Injuries (7)
26 More serene (6)
29 Zero (3)
31 Perlormed (5)
32 Caretaker (7)
34 Stratagems (5)
35 Sever (3)
36 Keepsake (5)
37 Carnage (5)
38 Fraction (5)


DOWN
1 Oozes (5)
2 Inferred (7)
4 Insects (4)
5 Hand tool (6)
6 Shade of brown (5)
7 Quill (5)
9 Distant (3)
12 Lesson (7)
14 Twitch (3)
16 Sand hills (5)
17 Manmade
material (5)
19 Fruit (7)
20 About (5)
21 Handled (5)
23 Spiral (7)
24 Conclude (6)
25 Trap (3)
27 Yearned (5)
28 Deserve (5)
30 Engine (5)
32 Mirlh (4)
33 Pull (3)


*



shamrock


F Tribune 1

Horoscope


_By UNDA BLACK


MONDAY,
JUNE 18

ARIES Mar 21/Apr 20
There is a big decision for you to make
in regards to health care, Aries. Don't
take the easy road and pick something
blindly. Carefully consider all of your
options before deciding.
TAURUS Apr 21/May 21
The signs say this could be a tough
week, Taurus. But you'll pull through
if you play your cards right. Make
friends with Sagittarius, who can take
some of the burden from you.
GEMINI May 22/Jun 21
You'll Ifave a disagreement with
someone close to you early in the
week that could escalate to something
more if you fan the flames. Stay low-
key until everything calms down.
CANCER Jun 22/Jul 22
There hasn't been much romance
going on between you and your part-
ner, so it's time to spice things up. A
weekend away can rekindle old
romantic feelings.
LEO Jul 23/Aug 23
This week is bound to drag, Leo,
because there isn't much on the hori-
zon for you. Stick with the status
quo. Spend time with friends to
break up the monotony.
VIRGO Aug 24/Sep 22
There is someone close to you who
will request your undivided attention
for the next few days, Virgo. You
just don't have the spare time to
devote to this individual.
LIBRA Sep 23/Oct 23
Trouble brews in your financial sec-
tor, when you discover your dollars
aren't going as far as they should.
You'd better rethink your budget
and catch this early.
SCORPIO Oct 24/Nov 22
You must,take advantage of some of
these late summer days to spend time
with your romantic partner, Scorpio. A
brief vacation can give you a break and
some quality couple time.
SAGITTARIUS Nov 23/Dec 21
A financial situation arises,
Sagittarius, and you must seek the
assistance of family to remedy it.
This hasn't been the first time, so
you may get an icy reception.
CAPRICORN Dec 22/Jan 20
Take some time to enjoy the warm
weather and head outdoors. Plan a
day trip or a weekend away with
friends or others close to you. You'll
come back feeling recharged.
AQUARIUS Jan 21/Feb 18
Your ethics are put to the test at
work when a coworker wants to
involve you in.a shady deal. While
the offer is tempting, you know what
is the right course of action.
PISCES Feb 19/Mar 20
You are all smiles this week, Pisces,
because you have free time to devote
to yourself. This is the perfect time
for gardening or other home fix-ups.


I CH SS b *Lonard Brden*


White mates in two moves,
against any defence (by Bob
Lincoln, British Chess Magazine
2007). White has a huge
material advantage, the black
king is trapped on the back row,
and there seem any number of
ways to force checkmate on
White's second turn. But
composer Lincoln, who
specialises in basic positions,
has created a trappy puzzle
where a superficial choice of
first move may well allow Black
to escape. The BCM (020 7486
8222, bcmchess.co.uk) has an
interesting selection of game
positions and composed
problems every month, and its
shop in Baker Street has a wide
choice of books, computer
programs and chess sets.


LEONARD BARDEN


Chess solution 8387:1 Qqg5 threatt 2 Q1) and if
Kf8 2 Rc'. or Noxq 2 QOxR. or N other 2 lif7 Tia)', n 1I
0'P Kl!,and I Qh(T Nqg6


APARTMENT 3-G


BLONDIE


F


1


r


J


I--.. -


. b d c 1,' h








THE TRIBUNE


IvIlluvI r, JuitI 1b,, ZUU/, PAUE 23


JUNE 18, 2007


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

Florida Roadtrip Antiques Roadshow Turn-of-the- Simon Schama's Power of Art Simon Schama's Power of Art"Pi-
I WPBT Diving and snor- century carousel horse head; water- "Van Gogh" Vincent van Gogh's casso" Pablo Picasso's life and
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The Insider (N) Creature Com- The New Adven- Two and a Half (:31) How I Met CSI: Miami "Internal Affairs" Natalia
0 WFOR 'n (CC) forts "Winter; tures of Old Men Charlie be- Your Mother is accused of her ex-husband's mur-
The Zoo" (N) Christine (CC) comes insecure. "Showdown" der. n (CC)
Access Holly- Deal or No Deal A preschool Age of Love Women ranging in age Dateline NBC Princes William and
* WTVJ wood (N) (CC) teacher gets a surprise appearance from 21 to 48 vie for the attention of Harry talk about the tribute concert
as she plays for $1 million. Mark Philippoussis. (N) to Princess Diana. (N) (CC)
Deco Drive The Simpsons American Dad Hell's Kitchen The teams prepare News (N) (CC)
0 WSVN 0 (CC) (DVS) Stan gives Steve breakfast for men and women of the
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* WPLG (CC) swaps with a mom who rules wth breast-cancer survivor from Texas. frustrated by her children's aggres-
an iron fist. 0 (CC) (N) I (CC) sion and lack of respect. n

(:00) CSI: Miami CSI: Miami The ruthless Mala The Sopranos "The Army of One"AJ faces military (:22) The First
A&E "The Score' n Noche gang strikes again and the school; Tony orders Ralph to deal with Jackie Jr. 48 Double shoot-
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Hardtalk BBC News World Business BBC News Click Online Es- BBC News World Business
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CaC Coronation Doctor Who "Smith and Jones" Hustle "Be My Eminem" (CC) CBC News: The National (N) (CC)
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COM around with With Jon Stew- port (CC) tion tampering. "Gnomes" (CC) noyingly perfect finds a bird in the
Jamie. (CC) art (CC) (CC) intern. (CC) hospital. t
COURT Cops n (CC) Party Police: Wild on the Water Beach Patrol Beach Patrol 'Til Death Do Us Forensic Files
COURT "Miami" "Miami" Part "Over and Out"
The Suite Life of ** BIG FAT LIAR (2002, Comedy) Frankie Muniz, (:35)** BIG FAT LIAR (2002, Comedy) Frankie Mu-
DISN Zack & Cody n Paul Giamatti. A teen goes after the Hollywood bigwig niz, Paul Giamatti. A teen goes after the Hollywood big-
(CC) who stole his story. 'PG' (CC) wig who stole his story. f[ 'PG' (CC)
DI This Old House Home Again DIY to the Res- Kitchen Renova- Kitchen Renova- Home Transfor- Assembly Re-
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DW Johannes B. Kerner Landerspiegel Journal: Tages- Projekt Zukunft Journal: In Euromaxx
DW them Depth
E| The Dally 10 (N) Sunset Tan "Ok- Sunset Tan The Girls Next The Girls Next Worst Dating C. Handler
E lahoma!" Door Door Show Moments
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Gol ESPN: Auto Racing World of Outlaws. SportsCenter International Edi- Arena Football Chicago Rush at
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EWTN Daily Mass: Our The Journey Home Letter and Spirit The Holy Rosary Abundant Life
EWTNI Lady
FIT TV Stretch Max: The Gym "Thrown Into the Spot- FitTV's Diet Doctor "Dean Ornish" FitNation "Gadgets Get-U s and
FIT TV Cathe Friedrich light"Amber has her first client. Dr. Dean Omish. (CC) Gizmos" Fitness gadgets. (CC)
C Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
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FSNFL (Live)
GOLF The Approach Golf CVS Charity Classic-- Day One. From Barrington, R.I. The Turn Champions
I" .... ...Learning Center
GSN Lingo (CC) High Stakes Poker (CC) High Stakes Poker (CC) High Stakes Poker (CC)
(:00) Attack of X-Play "Heat- X-Play Cops "Kansas Cops ,1 (CC) G4's Free Stuff Ninja Warrior
G4Tech the Show! (N) seeker". (N) 'ICity" n (CC) (N)
(:00) Walker, Walker, Texas Ranger A 10-year- HIDDEN PLACES (2006, Drama) Shirley Jones, Tom Bosley, Jason
HALL Texas Ranger old girl teams with Walker to stop Gedrick. A drifter tries to help a widow save her apple orchard. (CC)
n, (CC) gang violence. (I (CC)
Buy Me Mimi and Home to Stay My First Place My Parents' Design U JP is Design Star The competition is nar-
HGTV Allan try to sell "Summerhill Av- ,1 (CC) House (N) ( shown some rowed down to the final two. a.- .
their home. enue" ,' (CC) (CC) kitchens. (N) ,t (CC) -*,n
INSP Morris Cerullo Breakthrough Ed Young Everyday Life Today (CC) This Is Your Day The Gos*p
'INSP (CC) Woman (CC)4 Truth
Reba Reba and My Wife and According to According to. Friends Monica's Everybody Everybody
KTLA Brock attend a fu- Kids Claire Jim "Under Pres- Jim Cheryl says high-school friend Loves Raymond Loves Raymond
neral. ,) (CC) learns to drive, sure" (CC) she met Oprah. visits. ,) "The Plan (CC) Ray volunteers.
Still Standing Army Wives "The Art of Separation" MY NEIGHBOR'S KEEPER (2007, Drama) Laura Harring, Linden Ashby.
LIFE "Still Shoplifting" Joan is called back to duty. (CC) Premiere. A woman becomes a mother to her dead friend's two children.
S__(CC) (CC)
(:00) Hardball Countdown With Keith Olber- Scarborough Country (Live) MSNBC Reports Hidden camera
MSNBC c) mann (Live) operation.
Jimmy Neutron: Drake & Josh SpongeBob Funniest Home Full House "Sea Roseanne "It's a Roseanne 1)
NICK Boy Genius "Tree House" SquarePants (I Videos Cruise" Boy!" f, (CC) (CC)
NTV How I Met Your Deal or No Deal (iTV Season Fi- Age of Love (Series Premiere) (N) News (N) n News
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SPEED Pinks Inside Nextel Cup (N) Back in the Day Payback Barrett-Jackson 2007: The Auc-
SPEED I tions
Bishop T.D. Behind the Mark Chironna Jentezen Jesse Duplantis Praise the Lord (CC)
TBN Jakes (CC) Scenes (CC) Franklin (CC) (CC)
Everybody Friends Ross Friends Rachel Friends Ross Friends Joey Family Guy Bri- Family Guy
TBS Loves Raymond wants Emily to needs to be and Rachel remi- throws Ross a an directs a "Death Lives" (I
"Driving Frank" stay. [f (CC) spontaneous. nisce. (CC) bachelor party. porno flick. (CC)
(:00) Little Peo- Little People, Little People, Big Medicine "Self Destruct" Rose My Unique Family 'That Woman Is
TLC pie, Big World Big World Snow- Big World Cast does not seem able to prepare for My Husband" A father becomes a
__ CC)bal fight. removed. (N) surgery. (N) woman. (CC)
(:00) The Closer "Serving the King" Brerda probes the The Closer "Homewrecker" Brenda Heartland "Pilot" An organ trans-
TNT murder of an Arab teenager. (CC) must let someone go; probing the plant surgeon takes risks to save
murder of a family. the lives of his patients. (N) (CC)
Pokemon: Dia- Ed, Edd n Eddy Camp Lazlo Home for Imagi- Storm Hawks Grim Adven- Futurama "Moth-
TOON mond and Pearl Dung beetles. nary Friends tures her's Day"
TV5 Des racines et des ailes "Un 6t6 en France" Le village de Gourdes. (SC) MATA-HARI, LA VRAIE HISTOIRE (2003) Maruschka
T *Detmers, Bernard Giraudeau.
T" c storm Stories Abrams & Bettes Weather: Evening Edition (CC)
(CC)
(00) Duelo de La Fea Mis Bel- Yo Amo a Juan Destilando Amor Cristina
UNIV Pasiones la (N) Querend6n (N)
(:00) Law & Or- Law & Order: Special Victims Unit WWE Monday Night Raw What's next for the WWE after the demise of
USA der: Criminal In- The juvenile killers of a marijuana Mr. McMahon? (Live) (CC)
tent ,n (CC) dealer are hunted. ,n (CC)
V H1 30 Years of Hip And You Don't Stop: 30 Years of And You Don't Stop: 30 Years of And You Don't Stop: 30 Years of
VH 1 Hop Hip Hop "Gangsta angsta" Hip Hop The rap war forms. Hip Hop "My Name Is..." ,
VS World Combat TapouT * AMERICAN NINJA (1985, Adventure) Michael Dudikoff, Steve
VS. League James. An American GI battles ninja warriors in the Philippines.
(:00) America's America's Funniest Home Videos America's Funniest Home Videos WGN News at Nine (N) (CC)
WGN Funniest Home Voters choose the $100,000 grand Children make a mess; a little girl
Videos (CC) prize winner. n (CC) gives herself a haircut. f
Everybody Everybody All of Us "Love Girlfriends Lynn The Game CW11 News at Ten With Kaity
W PIX Loves Raymond Hates Chris n Do Cost a Thing" performs at a (CC) Tong, Jim Watkins (N) (CC)
Ray volunteers. (CC) ,' (CC)_ club. (CC)
S Jeopardy! (N) Dr. Phil Social experiment begins. News (N) Jeopardy! (CC) Frasier'The Ap Frasier Frasier
WSBK (CC) f (CC) parent Trap" f and Martin vie for
(CC) a woman.
(6:15)** THE Entourage Billy Flight of the Big Love The Writing on the Wall" John From Cincinnati "His Visit:
HBO-E THING ABOUT and Eric clash on Conchords "Sal- Bil must rethink his advertising Day Two" LinG tries to infiltrate the
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THE TILE KING, FYP LTD, THE TRIBUNE,


EDWARD


E. PATTON & ANNETTE ROLLE


have partnered to supply critically needed


for the Princess


Margaret Hosptial


t


(l-r) Barry Packington, financial controller Kelly's; Sean D. Moore,
marketing manager, The Tribune; Nancy Kelly, executive vice president,
Kelly's; David Kelly, president, Kelly's.


(l-r) Mark Roberts, Tile King & FYP Ltd.; Michelle Taylor,
office manager, Palmdale Vision Centre; Sean D. Moore, mar-
keting manager The Tribune.


Help us raise $164,000

to purchase 8 dialysis

machines for the PMH


he number of patients that need dialysis is
Jshing the dialysis center to its capacity.

Each dialysis unit costs $20,500 complete
stallation, training of staff members and 1 year
technical support. All donations should be
ade payable to The Princess Margaret
hospital Foundation with a note for The Dialysis
machine Fund.

our contribution will helD hundreds of patients


that currently rely on these old machines for life.

Contact Sean D. Moore of The Tribune,at
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Margaret Hospital Foundation at 325-0048
to make a donation.


I.


(l-r) Mark Roberts, Tile King & FYP Ltd.;Garry Julien, manager
- Cowpen Building Supplies: Adriel Julien, secretary Cowpen
Building Supplies: Robert Carron chief operating officer. The
Tribune.


BAHAMA S
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Ao .... ... .Home
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I I I I


THE TRIBUNE


PAGE 24, MONDAY, JUNE 18, 2007


I







MONDAY, JUNE 18, 2007


SECTION


BUSINESS


p IM


Colinamperial.
Conijjen jjrjif


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


Cruise ship


pull-outs


cause business closure


Four vessels, including three Royal Caribbean boats, withdrawn from the

Bahamas for summer, intensifying pressure on struggling Bahamian firms


* By NEIL HARTNELL
Tribune Business Editor
Royal Caribbean
Cruise Lines
and its affiliates
have pulled
four ships out of
Bahamas cruises this summer,
intensifying pressure on
Bahamian tour and excursion


operators that has already seen
one company go out of busi-
ness, with others fearing for
their profitability and survival.
The decision by Royal
Caribbean to withdraw three
ships from Bahamas itiner-
aries, with Celebrity Cruises
also pulling a vessel out, will
potentially cost this nation
thousands of visitors and sev-


eral million in per annum visi-
tor spending, in addition to'
highlighting that Nassau and
Freeport are becoming increas-
ingly uncompetitive as cruise
destinations.
The impact is being felt
already. Thriller Powerboat
Tours, which employed five
staff and one boat, closed its
doors at the end of May as a


result of the four ships pulling
out. The loss of cruise cus-
tomers meant the business
would not have been able to
survive.
Alan Wardle, owner of
Thriller Powerboat Tours, con-
firmed to The Tribune that the
company had closed "at the
end of May".
He added: "One of the main


reasons was that a lot of the
ships pulled out. They're not
coming back any more. Royal
Caribbean pulled out all their
Voyager class ships. The ships
pulled out and there's less and
less things to do.
"I wouldn't be surprised if
more people go out of busi-
ness; I know of another com-
pany that's downsizing."


Mr Wardle pointed out that
the Bahamas was not the only
regional destination suffering,
with the cruise industry seem-
ingly on a downward trend
across the Caribbean. The
cruise lines are increasingly
redeploying their ships to itin-

SEE page 8


$867m resort project

to have 'huge impact'


* By NEIL HARTNELL
Tribune Business
Editor
THE developer behind
the proposed $867 million
South Ocean resort project
believes the project will have
"a huge impact" on south-.
western New Providence and
the entire island, and is
"looking forward to work-
ing with" the new FNM gov-
ernment to bring the project
to fruition.
Roger Stein, of RHS Ven-
tures and the multi-million
dollar investment project's
managing director, told The
Tribune he was "ready, will-
ing and anxious" to conclude
Heads of Agreement nego-
tiations with the Ingraham
administration and get on
with the project, in addition
to obtaining all the neces-


South Ocean
developer 'ready
and anxious' to get
investment moving;
looking forward to
working with new
government

The South Ocean devel-
opment was given written
approval in principle by the
outgoing PLP government
before it was voted out on
May 2, while Mr Stein's pur-
chase of some 400 acres of
land also received formal
permission.
The land is understood to


Sir Jack and Port receivers in bust-up


* By NEIL HARTNELL
Tribune Business Editor
SIR Jack Hayward and the Grand
Bahama Port Authority's (GBPA)
receivers have had a furious bust-up and
are now seemingly at loggerheads, with
the former's 'plain speaking' seemingly
being interpreted by the receivers as
"wholly inappropriate" and potentially
driving away valuable employees.
The row was sparked by a May 8,2007,
meeting that seems to have been called


A CLIFFORD CULMER


at Sir Jack's behest in an attempt to find
out what was happening over the GBPA's
efforts to call in an almost $500,000 loan
allegedly made to Fred Smith, the attorney
who is acting for the late Edward St
George's estate in the dispute over the
GBPA and Port Group Ltd ownership.
A letter written by Clifford and Myles
Culmer, the GBPA and Port Group Ltd
receivers, on May 21 sets out details of

SEE page 10


Nassau Exuma *Abaco *Freeport Cayman
Life and Health Insurance Mortgage Lending Retirement Planning


sary construction permits SEE page 6
and approvals.



Abaco Markets


joins the 'club' |


* By NEIL HARTNELL
Tribune Business
Editor
ABACO Markets is focus-
ing on the conversion of its
Abaco-based Cost Right store
into a full club store model as
the next step in its turnaround
programme, as it concentrates
on continuing operations with
the asset disposal now com-
pleted.
Writing in the BISX-listed
retail group's 2006 annual
report, Gavin Watchorn, its
president, told shareholders
that after potential purchasers
of Cost Right Abaco did not
produce any offer that
matched the company's expec-
tations, it was felt that "con-
version to a full club model,
with the provision of a full
product range, will provide the
best return on our resources".
The re-named Abaco
Wholesale had been "in tran-


Retailer obtained
year-end waivers
for banking
covenant
breaches
sition between a wholesaler
and a club store" for some
time, and Abaco Markets
would take care to ensure that
the store retained the right
product mix for its small busi-
ness customers.
A template for Abaco Mar-
kets club model is the compa-
ny's relocated Cost Right
Freeport, which opened on
May 1, having received
approval to sell general mer-
chandise and clothing from the
same location.

SEE page 7


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PAGE 28 MONDAY JUNE 18. 200 THE- TRBN BUSINESS-


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CARLETTE CHARLOW, DEMENTRIA ROLE, WINNER WENDY
NEWBOLD-BETHEL AND KENTON LIGHTBOURNE


'CAUGHT' AT JOHN'S: (FROM LEFT) 'CAUGHT' AT JOHN'S: (FROM LEFT)
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CHARMAINE McKENZIE, MARK BOSFIELD AND WINNER KESHALA ROMER, CARLETTE CHARLOW
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LAVONNE CLARKE, WINNER MAVIS C. FARRINGTON,
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LAVONNE CLARKE, WINNER ANOUSH L FORBES & YASMIN CURTIS, WINNER RAMONA DRV LLE-FAMINGDON
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SHANELL ROLLE, WINNER LYDIA LLOYD, JOYANNE TAYLOR
AND BARBARA HOLDER


'CAUGHT' AT ESSO VILLAGE ROAD: (FROM LEFT)
BARBARA HOLDER, WINNER STEPHEN GIBSON,
PATRICIA MONCUR AND PAUL ELUS


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'1


THE TRIBUNE BUSINESS


PAGE 2B, MONDAY, JUNE 18, 2007














BUSINESS


INTERNATIONAL EDITION


he 3 iami ra MONDAY, JUNE 18, 2007


WALL STREET



Analysts: Market volatility a sign of opportunity


BY JOE BEL BRUNO
Associated Press
NEW YORK Triple-digit
swings in the Dow Jones industrials
the past two weeks might seem like a
painful reminder of the volatility that
devastated Wall Street in the early
part of the decade.
Investors have remained shell-
shocked since the technology bubble
burst in 2001, sending stocks plum-
meting from what at the time seemed
like unfathomable heights. The
charge back to record levels has been
relatively calm, and the recent big
fluctuations might have flummoxed
investors trying to gauge where the
market should be.
But the turbulence might actually
reflect more prudence than panic -
stocks need a pull back to run to new
all-time highs. Unlike in 2000, or
even during the stock market crash
of 1987 and the most recent plunge


seen in February, investors are fueled
by a bullish mix of factors: confi-
dence that the market isn't over-
bought; belief inflation remains
under control and hope that fresh
highs are obtainable.
"Volatility brings opportunities,
and that's how you need to look at
this," said Scott Wren, senior equity
strategist at A.G. Edwards & Sons.
"Investors have looked at this in a
generally negative way when the
markets sell off or rise heavily, they
tend to be very cautious."
Wren and other investment strate-
gists are advising their clients to take
advantage of these kind of swings.
The decline that started two
weeks ago on fears inflation would
cause the Federal Reserve to raise
rates actually created an opening for
investors to buy into the market -
and then better economic news
caused three-straight sessions of


gains.
This kind of back-and-forth
motion to the market accomplishes
two important things, analysts said.
The most important is that it lets
some air out of stocks that continue
to test new highs, but it also shows
investors aren't so exuberant about
equities that they aren't afraid of a lit-
tle consolidation.
And the drop gave the market
some room to rise as much as it did
this past week. The major indexes
not only made up for lost ground, but
tested new highs on Friday.
Charles Blood, senior financial
market analyst at Brown Brothers
Harriman, said the market's growth
in April and May was at an "unsus-
tainable pace."
He argues that stocks needed to
cool down a bit, and some of the
recent drops was "one way to do it."
"We, in a sense, needed to burn up


time, otherwise the market would be
rising faster than underlying corpo-
rate earnings," he said.
"We all know that the market
hasn't had a 10 percent dip since
2002, so for us to have a 3-to-4 day
decline is really just a very, very nor-
mal stock market fluctuation."
The run on Wall Street hasn't
erased the tech-crash memories for
investors, and that might be one rea-
son it is mostly big institutional
investors driving the rally.
For retail investors, the steep
losses in 2001 might still be too fresh.
But, this time around stocks are
considered to be more fairly valued
- unlike the ballooning prices dur-
ing the tech boom.
Corporate earnings continue to be
strong, and the economy though
slower continues to show signs of
expansion.
So, this brings up the question -


why did the markets tank so much on
Feb. 27 after a steep drop in Chinese
stocks?
The record-setting pace from
major indexes made investors skit-
tish, and pretty much gave them a
reason to sell, analysts said.
What's more, these kind of pull-
backs might be exactly what the mar-
ket needs right now.
There has been constant talk on
Wall Street that the market is long
overdue for a major correction -
which is about a 10 percent pullback.
But, a series of smaller declines
might also do the same thing.
"We're nowhere near the situation
we were in during 2000," Wren said.
"You need to take a look at the
fundamentals, weigh the uncertain-
ties and try to draw a conclusion -
and most of all take advantage of
these pullbacks."


BLACKSTONE



Private equity's



lobby power



may stop tax bill


ARIANA EUNJUNG CHA/WASHINGTON POST
NOT IN MY BACKYARD: Wang Yugui, a farmer in Gansu province, said he would like to move far away
from a planned nuclear-waste disposal facility.



NUCLEAR AMBITIONS


BM ARIANA EUNJUNG CHA
Washington Post Service
YUMEN, China Not far from the old Silk Road,
Chinese government scientists have begun boring
holes deep into granite in the first steps toward build-
ing what could become the world's largest tomb for
nuclear waste. As governments worldwide look at
nuclear power as a possible answer to global warming,
China has embarked on a nuclear-plant construction
binge that eventually could exceed the one the United
States undertook during the technology's heyday in
the 1960s. Under plans already announced, China
intends to spend $50 billion to build 32 nuclear plants
by 2020. Some analysts say the country will build 300
more by the middle of the century. That's not much
less than the generating power of all the nuclear plants
in the world today.
By that point, the Chinese economy is expected to
be the world's largest, and the idea that it may get most
of its electricity from nuclear fission is being met with
both optimism and concern. Nuclear power plants,
unlike those that run on fossil fuels, release few green-
house gases. But they produce waste that can be dan-
gerously radioactive for thousands of years.
China's plans already have been felt in world mar-
kets. Chinese Premier Wen Jiabao has been traveling
the world to secure contracts for the uranium needed
to power nuclear reactors, striking deals recently with
Australia and Niger. Higher worldwide demand and a
fear of future shortages have driven the price of pro-
cessed uranium ore from $10 a pound in 2003 to $120
this month.
A big reason Toshiba of Japan spent $5.4 billion last
year to acquire Westinghouse Electric of Pennsylvania
is expectations that China will buy into the company's
nuclear technology in a big way over the next 20 to 30
years.


NUCLEAR POWER

Percentage of country's
electricity generated by
nuclear power:
France: 78.1%
Lithuanla: 72.3%
Sweden: 48%
Bulgaria: 43.6%
Germany: 31.8%
Japan: 30%
United States: 19.4%
Canada: 15.8%
Brazil: 3.3%
China: 2.3%
SOURCE: The International Atomic
Agency.


Even by the stan-
dards of China,
where economic
growth has been run-
ning at blistering
double-digit percent-
age rates for four
years, the nuclear
plans are ambitious.
The country derives
only 23 percent of its
electricity from
nuclear power, com-
pared with about 20
percent in the United
States and nearly 80
percent in France.
Nine countries get 40
percent or more of


their electricity from nuclear power, but worldwide, it
supplies only 17 percent of the total.
To satisfy exploding demand for electricity, Chi-
nese local governments and entrepreneurs have for
years been throwing up rattletrap coal-fired power
plants. They are so inefficient and dirty spewing
greenhouse gases, soot and toxins including mercury
into the air that the central government has been
trying to slow construction of new ones, with limited
success. "Our irrational energy structure is causing
serious pollution and greenhouse problems," said Gu
Zhongmao, a professor at the China Institute of
Atomic Energy, a government-affiliated research cen-
ter. The situation provoked years of internal debate
about nuclear power as an answer, he said, before the
country's leaders finally came to a consensus.
In the Chinese context, he said, "nuclear power is
regarded as a clean energy."
Yet environmental advocacy groups and outside
safety experts are less than sanguine about the idea of
hundreds of new nuclear plants being constructed by a
secretive Communist government. The Chinese gov-
ernment has a poor public-safety record on issues far
simpler than nuclear power, such as food and drug
purity.
Another communist state, the Soviet Union, seized
on nuclear power in the 1970s and '80s as an answer to
its energy problems, putting up about a dozen poorly
designed plants. That culminated in the Chernobyl
disaster of 1986, which spread radiation across Europe
in the world's worst nuclear accident.
"The safety issue is simply not something the Chi-
nese government can afford to overlook," said Ailun
Yang, climate and energy campaign manager for
Greenpeace China. "What will happen if there is a
Chernobyl in China?"
The Chinese government has emphasized a com-
mitment to safety and is relying heavily on Western
contractors such as Westinghouse to teach its engi-
neers to build and operate plants.
China has nine working nuclear power plants, most
on the coast. Two other plants were recently com-
pleted and will be hooked up to the electricity grid
later this year. Dozens more are in the planning stage.
A Massachusetts Institute of Technology report
said China may have to add as many as 200 nuclear
power plants by 2050 to meet its needs. Academics
from China's leading technical university, Tsinghua
University, said the country might need more, equiva-
lent to the output of 300 plants.
In comparison, the United States has just more than
100 operating nuclear plants. Nuclear power has effec-
tively been on hold in the United States since the 1979
accident at Three Mile Island in Pennsylvania, but,
with encouragement from the Bush administration,
companies are thinking about ordering new plants.


BY MARCY GORDON
Associated Press
WASHINGTON The private
equity industry's lobbying juggernaut
may be able to crush proposed legis-
lation that would increase the tax
burden on firms that go public.
Fortunately for Blackstone Group,
which plans a first-of-a-kind public.
offering of stock later this month,
Washington already ~ias felt its influ-
ence: the Senate tax bill includes iL
provision giving the big private-eq-.
uity firm a significant edge over.
rivals.
The bill would close a perceived
loophole that gives a tax advantage to
private-equity firms and other part-
nerships that go public. But it also
gives the New York-based firm until
2012 before it would be subject to the
stricter tax regime.
"Giving a tax break to these funds
that others don't get doesn't make a
whole lot of common sense. But then,
when campaign fundraising is
involved, common sense and princi-
ples are usually two animals that are
as nonexistent as the dinosaurs," said
Lynn Turner, a former chief accoun-
tant at the Securities and Exchange
Commission.
Like hedge funds, private-equity
firms have ramped up their hiring of
lobbyists and doling out of political
contributions in recent months.
That's because lawmakers eyeing
burgeoning federal budget deficits
are seeking new ways to boost tax
receipts. The eye-popping compensa-
tion of their executives into the
billions for some has made hedge
| funds and private-equity firms even
juicier targets.
Blackstone is a founding member
of the Private Equity Council, a new
lobbying group representing 10 of the
biggest firms.
Another lobbyist
for Blackstone is
Ogilvy Government
Relations, which
received approxi-
I mately $120,000 in
fees from Blackstone
in the last half of
2006, according to
disclosure forms
filed with Congress.
Ogilvy is a division of
WPP, which also
owns the lobbying
firm Quinn Gillespie
& Associates, whose
co-founder Ed Gil-
lespie this week
was named a top
advisor to President
Bush.
As its profile rises, private equity
faces a pushback from labor unions,
who contend the industry's mega-
deals hurt workers, cost jobs and
widen the country's income inequal-
ity.
As a result, the private-equity
business, which has grown bigger
and bolder with a cavalcade of high-
profile buyout deals in recent months
Chrysler, Sallie Mae, TXU and
others has fallen under tight scru-
tiny by the Democratically controlled
Congress.


The AFL-CIO has appealed to the
Securities and Exchange Commission
to delay Blackstone's planned $4.75
billion IPO and require the firm to be
-regulated by the agencyas an invest-
ment company.,
The SEC has told the AFL-CIO
that it is taking the organization's
concerns "very seriously" in its
review of the IPO, said Vineeta
Anand, chief research analyst in the
g.FL-CI of ent.
% e l l Senators
Grassley an Baucus are planning to
do something about financial compa-
nies exploiting the loophole in the tax
law, and we look forward to working
with them to ensure that the law is
changed," Anand said.
The two-decades-old tax provi-
sion in question allows investors in
publicly traded partnerships to pay
capital-gains taxes of 15 percent on
their share of the firm's income. Cor-
porations have a double layer of taxa-
tion: they pay income tax at a rate of
35 percent and investors in them pay
15-percent capital-gains taxes on their
profits.
Of course, it's far from certain that
the bill proposed by Sen. Max Bau-
cus, D-Mont., the chairman of the
Senate Finance Committee, and Sen.
Charles Grassley of Iowa, its senior
Republican, can make it through
Congress even a Democratic-con-
trolled one and be signed by a tax-
averse president.
According to a story running
through the Washington gossip mill,
Grassley was particularly outraged
by an article in The Wall Street Jour-
nal detailing the extravagant lifestyle
and reportedly imperious manner of
Blackstone Chief Executive Stephen
Schwarzman, whose stake in the firm
would be worth nearly $8 billion after
the IPO.
That may be the
sort of image problem
that even muscular
efforts by the Private
Equity Council may
not be able to over-
come.
Rep. Charles Ran-
gel, D-N.Y., chairman
of the House Ways
and Means Commit-
tee, applauded Bau-
cus and Grassley for
"taking on this very
serious issue" and
said his panel would
examine it closely.
House Republicans
took no immediate
SCHWARZMAN position. At the White
House, spokesman
Tony Fratto said only, "We're
reviewing the legislation."
Josh Lerner, a professor specializ-
ing in private equity at Harvard Busi-
ness School, said private equity firms
are a tempting target for lawmakers
looking for new sources of revenue
to pay for new initiatives and to
cover future budget shortfalls.
"It's likely we will see some sort of
change," Lerner said. "There's just a
lot of momentum and clearly there's
also some real pressure in terms of
revenue generation."


CHINA


---


I I









THE MIAMI HERALD I MiamiHerald.com INTERNATIONAL EDITION MONDAY, JUNE 18, 2007 I 4


DIGITAL DIVIDE



Open-source site fuels a community


BY BRIDGET CAREY
bcarey aMiarniHerald.com
Imagine a website where
you can learn every subject
taught from kindergarten to
12th grade. Reading, writing
and wiki is what Scott
McNealy has in mind for
Curriki.org.
McNealy is chairman and
co-founder of Sun Microsys-
tems, the company behind
Java, with a goal to create
technologies and fuel commu-
nities that enable sharing and
participation, thereby elimi-
nating the digital divide.
McNealy is a board mem-
ber and one of the founders of
the nonprofit wiki called
Curriki, an open source curric-
ulum for free educational
materials and lessons anyone
can access. Currik'was devel-
oped by Sun MicARystems in
2004 and separated into a non-
profit organization in 2006.
McNealy spoke to The
Miami Herald about the
efforts to build Curriki into a
useful destination that could
eventually allow school sys-
tems to save money on buying
textbooks.

0: A mission of Sun Micro-
systems is to eliminate the digi-
tal divide, so how does working
on Curriki fit into that mission?
A: Just because you put a
TV or a telephone or a
browser in the classroom, it
isn't necessarily going to make
these kids smarter. In fact, it
might actually be a distraction.
And so one of the components
here of Curriki is giving folks
an opportunity to be better off
by being connected by elimi-
nating that digital divide. And
so we've actually tried creat-
ing a content site that would


allow parents, teachers and
students to access content to
get themselves trained and to
move forward in a more self-
pace kind of environment and
a much lower cost kind of
environment.

Q: Where did the idea to
start Curriki come from?
A: Well it actually was sev-
eral years ago. My oldest was
in third grade at the time. We
were doing a science project
- I say we, he was and he
wanted to do it on electricity,
and I said 'Do you know any-
thing about electricity?' and he
said 'Well no, not really.' So I
said, 'Well, let's go learn.'
And we went to the
browser and started searching
everywhere and we actually
ended up at a welding compa-
ny's website. It took me an
hour and a half to find some-
thing. The welding company
had a nice self-paced on-de-
mand animated little class that
we could take at our own pace
with lots of questions and tests
and that sort of thing. And we
had about an hour and half of
learning about electricity -
one of those great father-son
moments and then all of a
sudden we ended up getting
into welding, which wasn't
very useful, and I thought,
'Well, why isn't there a web-
site that's just dedicated to K
through 12 that I could go on
and I could search beginning
electricity, and boom! There's
a way for my kid or a teacher
or a parent to go learn.'

Q: In less than six months
you've signed on 35,000 mem-
bers, posted 3,000 assets and
tools, so what is your reaction
to this growth? What do you


COURTESY OF SCOTT MCN


expect your growth to be down
the road?
A: I think predicting is a
dangerous business to get into.
I was particularly flattered
when some of the folks in the
Internet industry were calling
it the edu-tube of what we're
doing, which is kind of a nice,
flattering nickname. But the
good news is this is interesting
for any parent, teacher or
child, which is a fairly large
.community, and there is a lot
of dollar savings involved -
just here in the U.S. [the text-
book industry] is $4 billion
plus just say we only took
that down to $3 billion. It


seems to me getting the fund-
ing we need to go make this
happen would show a pretty
quick ROI (return on invest-
ment).
For instance, if ministries of
education and secretaries of
education around the world
were to pony up just a couple
of hundred million dollars to
this effort, I think we could
show a free open source
return on investment that
would be pretty phenomenal.
We have high hopes but to put
a number on it, I think would
be defeating the purpose. Let's
just say it's wildly exceeding
our highest expectations so


SCOTT McNEALY

Title: Chairman
and co-founder.
Company: Sun
Microsystems.
Age: 52.
Residence: Silicon
Valley.
Education: Bache-
lor's degree in eco-
nomics from Harvard
in 1976; an MBA from
Stanford in 1980.
Background: Born
in Columbus, Ind.
From 1984 to 2006,
he was chief execu-
tive and chairman at
Sun, steering the
company to innova-
tion in network com-
puting. In 1986 he
took Sun public.
Hobbies: Avid
player of hockey and
golf.-
Personal: Married
and father of two
EALY boys.



far.

0: What are your biggest
challenges in building Curriki?
A: Our strategy right now
isn't a question of finding lots
of people excited about the
mission and the strategy. It's
just having enough energy and
resources to put all of this
together on a common website
that's searchable, that every-
thing's tagged, and everything
organized in a way that a
fourth grader or a high school
teacher or a parent who wants
to home school can actually go
to the site and make sense of
everything. Right now I would


say we are closer to 3,000 of
randomly organized semi-
organized I should say to be
fair set of assets, as opposed
to a family of curriculum com-
ponents that we want to have
eventually.
So our biggest challenge
right now is raising money to
get all of the resources we
need to go put all of this stuff
together in a way that makes
the website just stunningly
attractive. I think if we do that
we won't need to advertise,
but raising the money is prob-
ably the biggest time con-
sumer and the biggest chal-
lenge we have.

0: What is your competi-
tion and is there anything simi-
lar being developed?
A: The beauty of dot org is
even if Curriki doesn't become
the dominate site, if it just
motivates and drives better
thinking and a better answer
somewhere on the net to
accomplish what we're doing
- something free and some-
thing open sourced and com-
munity developed and all
we do is force better thinking
out there to a better answer,
then every ounce of energy
we've spent on Curriki will be
totally worth it.
Now we don't know of any-
body else who has got quite
the same goal of becoming
kind of the repository for cur-
riculum with certification and
really targeting the teacher,
the parent and the child, so we
think we got a pretty interest-
ing space.
I've kind of wished some-
body else would go out and do
this thing, but we don't see
anyone else doing this thing so'
we're gonna'go drive it.


ENTREPRENEURS
fai~mwsw-i. Ads^


Necessity


leads


moms to


inventions

BY JENNY STALETOVICH
jennystaletovich@bellsouth.net
Look closely at the Royal
Heinie diaper purse, and you
can see how clever it is: A
flap opens to reveal a wipes
dispenser, it has an easy-to-
'clean nylon interior and is
just the right size to throw
over your shoulder or into a
bigger bag. It's so smart, you
think, a mother must have
designed this. In fact, two
moms did. Karen Rappaport
and Denise Goldman, who
used to get together for play
dates and sushi, one day
decided to hatch a business.
Women inventors are
nothing new. But as more
professional women --
women with all kinds of busi-
ness experience and skills -
stay home to raise children,
more are looking for ways to
continue their professional
lives. Women hold 10 per-
cent of the patents in the
United States and there's
even a website (www.mom-
inventors.com) devoted to
inventive moms.
Just look at Baby Einstein
- started by Julie Aigner-
Clark in her Denver home to
connect her two daughters to
art and music. Four years
later, after an initial $18,000
investment, Aigner-Clark
and her husband sold to Walt
Disney for $25 million.
"Women really appreciate
a product designed by
women because we think it
through and it's logical," said
Nancy Allen, president and
CEO of the Women's Busi-
ness Development Center,
which certifies women-
owned businesses and offers
a networking base (see
www.womensbusi
ness.info). "The best designs
for babies and children or
women's products really
come from women."
But starting a small busi-
ness can be difficult, for both
men and women. Most banks
require businesses be in
operation three years to
qualify for a loan, or ask
company founders to mort-
gage their homes, Allen said.


Take, for example, Rappa-
port and Goldman. The two
women, whose bags are now
sold in 25 stores in the
United States and Canada as
well as online, had just
moved to Miami from New
York in March and May 2005
when they were introduced
by mutual friends. Rappaport
had worked in public rela-
tions and marketing but quit
to freelance when she had
her children, now 3 and 5.
When her husband's job
moved them to Florida, she
found herself without a cli-
ent base.
Goldman had been a high
school English teacher in
Queens but left when she
became pregnant. She moved
to Miami a month after her
son was born.
"It wasn't like, ooh, let's
go into business. We just
wanted to be friends," Gold-
man said.
But eventually those play
dates led to talk about moth-
erhood and work. Both were
itching to do something
more. Years earlier Rappa-
port had toyed with the idea
of starting her own baby gift
business out of her home and
even attended some trade
shows. The move to Miami
quashed the plans, but not
the idea. When she suggested
it to Goldman, she found a
willing partner. The two
eventually settled on the idea
of a diaper bag, only because
Rappaport had been strug-
gling to find something
smaller to accommodate dia-
pers and wipes without hav-
ing to lug around a suitcase-
sized diaper bag.
They particularly wanted
to make something with a
wipes dispenser so moms
wrestling with poop, spilled


milk, and any of the other
messes baby seem to contin-
ually secrete wouldn't have
to root around in the bottom
of a diaper bag.
There was only one prob-
lem: Neither knew anything
about design or manufactur-
ing. So they started network-
ing. Goldman turned to a
friend whose husband runs a
sportswear company. He
gave them advice about
material and costs. Then
they Googled "Miami and
manufacturer" because they
wanted their product made
locally and came up with a
list. But first they needed a
designer again a friend
stepped in. Then a pattern
maker. Then material.
After calling the manufac-
turers and getting many
disconnected numbers -
they finally found someone
who made their first run of
340 bags for $5,000, paid for
on their credit cards. (They
switched to a company more
suited to their small com-
pany for subsequent produc-
tion.)
All this they needed done
by September 2006, when


FRIENDS AND
BUSINESS
PARTNERS:
Combining
their talents,
Karen
Rappaport,
left, and
Denise
Goldman
created a
business
making Royal
Heinie diaper
purses, below.


PHOTOS BY DONNA
E. NATALE PLANS
MIAMI HERALD STAFF


they planned to unveil the
bag at the ABC Kids Expo in
Las Vegas, a deadline they
just barely met. The day
before they departed, they
were still getting bags from
the manufacturer. They left
the show with orders from
five stores.
Despite what seems like a
struggle, Allen says the
women fared remarkably
well.
First, a lot of great ideas
never hit the street because
finding a manufacturer can
be so difficult. Most go out of
the country, which can be
risky, she said. The pair also
trade-marked their dispenser
and are getting a patent, a
key to maintaining control of
their success.
They also have a good
division of labor, with Rap-
paport handling marketing,
accounting and most of the
administrative end, and
Goldman, who worked in
graphic arts before teaching,
handling design, manufactur-
ing and online duties.
Rappaport says they are
not yet turning a profit but
hope to break even in 2008.


SMALL BUSINESS


It's the law: Stop


making interns


jump through hoops


BY JOYCE M. ROSENBERG
Associated Press
Across the country, as mil-
lions of high school and college
students spend the summer
working as interns at small
businesses, company owners
should be aware that treating
these young people as unpaid
workers could run them afoul
of federal and state labor
authorities.
Labor lawyers and human
resources executives, who note
that internships are intended to
educate or train students and
help them earn school credit,
say many small businesses
make the mistake of using
interns to do the same work
other staffers do.
Many use interns to fill in
for vacationing employees, or
do odd jobs around the office or
factory.
If these interns aren't being
paid, that's a violation of the
federal Fair Labor Standards
Act, said Marc Zimmerman, a
labor and employment attorney
with the law firm Philips Nizer
in New York.
"You must pay at least mini-
mum wage for all hours actu-
ally worked" and overtime
when applicable, Zimmerman
said.
Florida also has specific laws
regarding child labor, which
applies to anyone under age 18.
(For more information, visit
www.state.fl.us/dbpr/reg/child
labor/index.shtml).
SIX IMPORTANT CRITERIA
Zimmerman said that under
federal law which sees an
internship as a training pro-
gram there are six criteria
that an internship must meet.
Fail to meet any one of them,
and the government could con-
sider the intern to be an
employee.
First, he said, the intern
must receive training similar to
what he or she would receive in
a vocational school. Second, the
training must be for the benefit
of the intern. Third, the intern
must not be displacing a regular
employee in other words,
doing a regular employee's
work.
No. 4 is probably the acid
test: "An employer has no
immediate advantage from the
activities" of the intern, Zim-
merman said.
Fifth, the intern is not neces-
sarily entitled to a job at the


end of the internship, and sixth,
both the intern and the
employer understand that the
intern is not entitled to wages.
A student may be able to
receive a stipend, however.
NASTY CONSEQUENCES
Violating the FI.SA can sub-
ject a small business to steep
fines and penalties. A company
can also leave itself opeoi 'o fed-
eral and state human rights
laws violations if an imn "' .,is
not paid for work and should
be, Zimmerman said.
There are other legal consid-
erations, said Rick Gibbs, a
senior human resources spe-
cialist with the professional
employment organization
Administaff.
"There could be liability
issues in terms of having a per-
son work in a dangerous situa-
tion, and certain requirements
in respect to minor labor laws,"
if the intern is under age 18,
Gibbs said.
Beyond legal issues, intern-
ships can be problematic
because students need to be
doing tasks that will help them
learn that's what the intern-
ship is supposed to be all about.
"Make sure the internship is
closely related to some actual
academic course of study or
provides practical work experi-
ence," Zimmerman said.
An owner should carefully
think through what the intern is
going to be doing ideally
coordinating with school offi-
cials to determine what their
requirements are for giving stu-
dents credit.


ILLUSTRATION BY MARK HULL/MCT


II' II I I' III '






THE RIBUE MNDAY JUN 18B200,IPAESS


BTC's


cell


$353m


technology


roll-out
ro


boosts


corporations

By CARA BRENNEN-
BETHEL
Tribune Business 4
Reporter
T Hi E
:Bahamas .-I
"Telecommuni-A
1 -cations Com-
5Ipany's (BTC)
S"$353 million
'-technology by
roll-out has .
benefited oth- E WILLIAMS A
er government
corporations and agencies, its j
chief executive said. ..
Leon Williams said the cel- i e4W
lular technology used by BTC
had had beneficial effects on
Other sectors of society aswell.* .
He explained that in
exchange for putting its cellular
towers on Water and Sewer-" *
age Corporation property,
BTC gave the water company
five SIM cards that they have '
been able to place on the i.' 1FO
inside of their wells. This.
enables Water and Sewerage
to record water levels and read r "
the meters without having to %--
send persons physically down
into the wells.
Similar technology was
employed at the Police Head-
quarters to allow the Police .
Commissioner to have simul-
,taneous communications with
other police commissioners '
around the world. '
< Other areas where the
.BTC's software may benefit '
'Bahamians, Mr Williams said,
'would be in health care. If it. ,
*:was developed, physicians on
the Family Islands will be able
to send their patients' X-rays
,to Nassau, where they could..
be read. Doctors in the capital
"could then confer with Family .
'Island staff on treatment with- r '
out the patient ever leaving the r i
.island.
^1 However, Mr Williams said ".
technology use must be effec- i
tively balanced. For instance, -. ..
he said that if BTC created
- software that enabled them to.
r ,call meter boxes for electrical ., 1
.readings, it would eliminate 5 k ,
the need for meter readers. ,..,'"
7 The BTC chief executive %V'. -".'
--'said it was vital that the '.1 4
rBahamas offer the telecom-
"munications technology avail- :
able in first world countries if %, :,." a-)'''
tourists were to choose this ; i *
nation as a destination.
"If we don't meet the
demands of what they want,
then they will look at other
destinationslikeJamaica,he A SMALL SPACE IN YOUR NE
,told delegates attending the ASMALL SPACE INYNEW
CEO Network conference.
"This is bigger than BTC.
We're talking about sustain- A MAJOR STEP FOR YOUR COA
able future development."
Mr Williams promised
Bahamians that the GPRS
. technology, which allows users
,' to surf the Internet from their
'. cell phones, will soon be avail- The HP Proliant G5 incorporates 2.5" Serial Attach SCSI Small Form Factor (SAS SFF),
able.
.. "We have been beta testing the international standard in business hard drives. In addition, it offers the latest Intel Xeon
-: it for the last two years, and as Quad-Core Processor, a faster, more reliable FB DIMM DDR2 667 MHz memory, nulfunciicfal
soon as we figure out how to ,
charge for it, you will get it," he network cards, the widest range of HP Smart Array controllers, a fast and accurate diagnosis
added, using Systems Insight Display and the most complete management features with iLO2
Mr Williams said that most
likely, it will be "a post paid
environment".
To date, he added that BTC
has spent more than $353 mil-
lion on new technology, with INTELLIGENT ADVICE INTELGENT TECHNOLOGY INTELLIGENT SERVICES
BTC also planning to launch
Mr Williams explained that
like ring tones, which allow a *d*
5 cell phone user to pick songs to..................H H
Sbe their ring, as the caller * ,
awaits an answer they will hear
the ring back tone that has :
been selected. *


F _atlTer a ileM

Cell] 424-8299 !i[.]


AIr4s ra.aave a 2G07 Ha't-tt- Pacer Daip'xnrletl Corrpa,, LP. Celro, Caron ha,, Cer o. !' Cr'trm l ogo. Co, t 'irl, no, ol as tram~lOnas or *egtsta'dm traLoefrteal f Copfrati~oc f n s susiferes i the USAst at cunln. s 'Nfw w'its nspced d'a r he se'-lerc cello ol 2006, acca '; *,o C La An Ctt Qw,,- v \.', ie ari cerns e -fa-,k 02 2006


MONDAY, JUNE 18, 2007, PAGE 5B


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$867m resort project to have 'huge impact'


FROM page 1

have been purchased from four
separate owners, including the
Canadian Commercial Indus-
try Workers Pension Plan
(CCWIPP), which is selling
majority ownership of South
Ocean to Mr Stein, and New
Providence Development
Company (NPDC).
The latter is a subsidiary of
the Tavistock Group, which is
the holding company for
worldwide investments made
by Lyford Cay-resident bil-
lionaire Joe Lewis. Tavistock


Group, along with world-
famous golfers Tiger Woods
and Ernie Els, is an investor
in Park Ridge Securities Cor-
poration, the developer of the
$1.4 billion high-end Albany
residential community.
Albany will be a 'next door
neighbour' for the revitalised
South Ocean, and Mr Stein
said his planned development
would have "a huge impact"
on the Bahamian economy,
establishing southwestern New
Providence as a major resort
and entertainment destination
for the first time.


N ,. AD



Development CompnwY
Nassau Airport Development Company Ltd.

Invites Tenders for providing

JANITORIAL SERVICES

AT

LYNDEN PINDLING INTERNATIONAL
AIRPORT

In keeping with NAD's objective to develop and
maintain a world- class gateway
to The Commonwealth of The Bahamas,
proponents:

*:* Must be 100% Bahamian owned
& operated
*. Must be holder's of a current
business license
*:* Must demonstrate the ability to
fulfill the requirements set out in
NAD's official Request for
Proposal.
*: Must show a track record of
commitment to service with
excellence

RFP's may be collected from NAD's
corporate office in Terminal 1 at
The Lynden Pindling International Airport
between the hours of10:00"aOm 4!00 pm
commencing June 15th, 2007.

Deadline for submissions of Proposals is
July 27th, 2007 at 3:00pm.

Telephone: (242) 377-0209











Executive Townhouse (3,000sq. ft.)
Bethany Cove, Westridge North
Ph: 359-1977

* Fully Furnished
* Dual Central Air Conditioner
* 3 Bedrooms With 3 Baths
* Powder Room
* Utility Room
* Single Car Garage
* Private Pool With Pool Bath
Spacious Living & Dining Rooms
Sunken Family Room
Covered Rear Patio
Marble Tiles
Brazilian Chery Wood Stairs
Master Bedroom With King Bed, Dresser, 2
Night Tables, Spacious His & Her Walk In
Closets, Wet Bar
Master Bath With Jacuzzi, Double Vanity,
Enclosed Toilet & Shower
Bedroom With Queen Bed, Double Dresser, In-Suite
Bathroom With Garden Tub
Bedroom With 2 Twin Beds, 1 Night Table,
In-Suite Bathroom With Garden Tub
Kitchen With Island & Prep Sink, Side-By Side
Refrigerator, Countertop Stove, Dishwasher,
Microwave
(All GE Appliances)
Utility Room With GE "Duet" Front Load
Washer & Dryer
Water Softner System
Generator

$4,800.00 monthly
MUST SEE TO APPRECIATE


"I think the two projects
complement each other quite
well," Mr Stein said of Albany
and South Ocean. "While
Albany is a private, exclusive
community, we are a hospital-
ity-driven. commercial devel-
opment in which anyone can
participate, with multiple
hotels, a pay-for-play golf
course, major marina, the relo-
cation of Stuart Cove's, which
is a huge draw already, and
lars, retail and restaurant
options. plus estate homes.
"It's a complete destination,
yet complementary develop-
ments."
Mr Stein said he was "anx-
ious and ready to get moving".
He added: "We got the written
approval in principle [from the
previous government], as well


as approval to purchase the
land."
Mr Stein said he was "nar-
rowing down the list" of poten-
tial hotel and casino operators,
with the development set to
include a 140-room five-star
and 400-room four-star resorts.
"I've heard lots of positive
things about the new adminis-
tration, and I'm looking for-
ward to working with them,"
he added.
Apart from the two resorts
and 40.000 square foot casino,
the redevelopment of South
Ocean, which has been closed
since 2004, will feature frac-
tional villas, 180 timeshare
units, second homes, conven-
tion centre, marina, tennis
facilities, and spa all set to cost
around $500 million. The first


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July 2 to 27 9:00 to 12:30


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OR COME IN TO RF (.I1 I R
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SrNotable, convenient office address. Four
W commercial office spaces available in a
range of sizes. Ground floor &
Contact us: penthouse. Near hospitals, courts &
& downtown Bay St.


Prope
Tel: (2
Email: linda@grahamr
Web: www.grahamr


Starting at $ I 18 per sq. ft.


Linda Eldon GRAHAM
.rty Manager
2)356-5030 REAL ESTATE


ealestate.com
realestate.com


lShwing Inrc hcgt Every Piy


phase, involving the installa-
tion of utilities and infrasti uc-
ture, is set to cost "a little over
$200 million".
The draft economic impact
study, performed for South
Ocean, completed by Oxford
Economics, projected that the
resort would create 1.358 full-
time jobs when fully open, plus
1200 direct construction jobs
during peak build out.
During its first full year in
operation. Mr Stein's project
is projected to inject $172 mil-
lion in extra visitor spending
into the Bahamian economy.
Hard construction spending,
involving the building of new
buildings and renovations to
others, will total $541 million
by 2015, with the total invest-
ment by Mr Stein, RHS and


his partners in the new South
Ocean Development Company
reaching $867 million by that
year. The $541 million con
struction spending has been
forecast to inject $217 million
into the Bahamas' GDP ovei
nine years, and generate $105
million in wages, with con-
struction employment averag-
ing 877 persons between 2007-
2010, peaking in 2009.
On the operational side,
South Ocean was forecast to
produce a $3.7 billion GDP
impact over its first 20 years,
generating $1.5 billion in direct
wages and salaries for employ-
ees.
The project will also gener-
ate $1.8 billion in revenues for
the Government in the 23
years to 2030.


3:t i Il


Extended Pleasures j

Yacht Charters


We can host all events:
V Fishing Charters
V Office function
V Group Function
V Birthday Parties


UCall Craig at
328-0048 or 357-7972


With knowledge in electrical
and plumbing


Worker must be able to work a
12 hour shift.


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


Serious Inquires Only




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CRAFT, SWINMIN(;, AND SPORTS.
NEVER IIAS SO MUCH BEEN OFFERED FOR SO LITTLE!!!
AGES 3- 16 YEARS OLD
DATE: JUNE 25TI1 AUGUST 10TU
*****A. MUSICAL INSTRUMENTS OFFERED*****
FOR MORE INFORMATION dALL

326-8031/325-4509
Mt SIC (;1\ I.S \\ IN(;.S TOT*I N MlND I.....n'l(;I r TO TnI1 IM.V.;IIN.ATION


- -


THE TRIBUNE


PAGE 6B, MONDAY, JUNE 18, 2007










THETRBBU MD JN80,GB

Abaco 101s te*


FROM page 1

As at the January 31. 2007,
year-end. Abaco Markets had
also obtained waivers for
breaching its banking
covenants on current asset
iatio and minimum debt secr-
vice. These relate to the bank
overdraft and bank loans
payable within one year.
Looking back on the fiscal
year that ended on January 31,
2007, Mr Watchorn said the
proceeds received from the


company's $3.75 million sale
of Solomon's SuperCentre on
Abaco and $330,000 disposal
of Solomon's Treasure Cay,
plus $4.2 million sale and lease-
back of the former Solomon's
building in Freeport, enabled
Abaco Markets to repay some
$8.85 million in debt owed to
Royal Bank of Canada by fis-
cal year-end.
That debt repayment freed
up $260.000 a month in cash
flow that could go straight to
the company's bottom line.
Some 40 per cent or $1.19


U- I


ESSAY COMPETITION





The Department of Public Service, will
host an Essay Competition as one of the
activities for Eight Annual Public Service
Week. The Competition is open to Junior
and Senior High School Students.

Students interested in participating should
write a 250-300 words (Junior High),
and 450-500 words (Senior High), essay
on the topic: "The Public Service -
Promoting Quality Service in the
Workplace".

The deadline for entries, which should
be referred to the attention of Ms.
Antionette Thompson, Deputy Permanent
Secretary, Ministry of the Public Service,
is Friday, 22nd June, 2007.

A Dell Desktop 2400 computer with a
scanner, copier and printer will be
awarded to the winner in each category.

The winners will be announced during
The Eight Annual Public Service Week
Awards Ceremony scheduled for 6th
October, 2007.








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
S_____l__i_________i______


million of the $2.606 million
net loss that Abaco Markets
incurred in fiscal 2007 came
from discontinuing operations,
including Solomon's Abaco,
Solomon's Treasure Cay, and
Cost Right Turks & Caicos,
which was subsequently sold
post-year end for $2.7 million.
Shareholders
Mr Watchorn told share-
holders: "The immediate
effects are the removal of the
loss-making entities from our
income statement, as well as
the reduction of interest costs.
"Additionally, the compa-
ny's liquidity has begun to
improve as we are no longer
making monthly repayments
to service debt."
For the year ended on Janu-
ary 31, 2007, Abaco Markets'
operating loss from continuing


Est 189).


operations was relatively small
at $28,000, compared to the
previous year's loss of $2.16
million. The loss from contin-
uing operations, after interest
costs were factored in, was
$1.41 million compared to
$1.19 million the previous year
- but 2006 was bolstered by
one-off net insurance income
of $2.94 million.
Abaco Markets' total group
sales rose by 6.17 per cent or
$4.62 million to $79.56 million
in fiscal 2007, largely driven by
the Solomon's SuperCentre
and Cost Right formats, as
Domino's Pizza sales were flat
due to increased competition,
Net margin dollars for fiscal
2007 rose by $1.66 million or
7.88 per cent to $22.76 million,
while net margins as a per-
centage of sales rose from
28.16 per cent to 28.61 per cent
due to improved product ,mix


and sourcing. This, in turn.
boosted .1. j ..c transactions,
and consumer visits.
Abaco Markets' total
expenses for fiscal 2007 fell
from $23.45 million to $23.16
million, declining as a percent-
age of sales from 31.3 per cent
to 29.11 per cent. Declines in
payroll, depreciation and other
costs helped the company to
offset a 25 per cent rise in util-
ity costs.


INSIGHT

For the stories
behind the news,
read Insight
on Monday


![iIC I!


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.

All members are urged to attend.
Refreshments will be served!


Queen's College


Centre for Further Education
P.O. Box N-7127, Nassau, Bahamas
Tel: (242) 393-166612646, Fax: (242) 393-3248


SAT Summer Classes at QC

v/ Planning for college?
V Do you want to earn extra credits br" re entering college ?
J;" Do you want to reduce college cost',
/k Do you want to qualify for scholarships?


Grade 10 & 11 students, give yourself the hI,,
preparing for the SAT exam and attending ;",
qualified instructors at Queen's Colleqce.


Course Cost Start Date
SAl --for CiGrlade I $395 June 1 S. :n17
& Giiade 11 students to
Jul% 05. 2'ii, "


Schedule
.nlor o p[lir,.
5 4D 8:.^ip m


Current Grade 10 & 11 students from iall
schools are invited to attend.


Microsoft Word $275 June 18, 2007 ion. o', l"r.
Level 2 Pitmnan to 5 7 ',
July 05. 200'


Duration of classes- 3 weeks
Start date: June 25. 20)07--Ind dale: July I 2o0-


Group or family discounts available!
2 students/ family members 5%
3 or more students/ family members 8%


WANTED
CT Scan Techinican

The Corbett Medical Centre of
Treasure Cay, Abaco
is seeking a certified technician to operate x-ray
and cat scan equipment,

The successful applicant should have the necessary
education and experience to gain certification from
the Bahamas Medical Council.

Compensation will be commensurate with the level
of expereince in a similar position.

Please submit a resume covering educational,
employment and salary history to
Corbett Medical Centre,
P.O. Box AB22116, Treasure Cay.
Abaco, Bahamas
or fax to 242-365-8287


Email: cfe@qchenceforth.com


" ''


MONDAY, JUNE 18, 2007, PAGE 7B


id vantage bth
'*I **las^.s with


THE TRIBUNE






PAGE 8B, MONDAY, JUNE 18, 2007


S THE TRIBUNE


Cruise ship pull-outs cause business closure


FROM page 1


eraries in regions such as the
Mediterranean and Alaska.


Yet there is no doubt that
Nassau and Freeport have par-


Mustposess upe iopvpaladwitingsil.Wligt

uecetvtec ing echiqus.Msthv' asin o

eduatin. i lingt pooecit, 'tikigad edes

skll incil n.Wpin o 8:11 Ii -1:0 ~m

S i: a *lpsdeI e,' 3*' *1 oI xp iene.exelen

I I I kil.InwedeofSans p tptdt

Auus 7,207


I III II Iho~co


ticular issues to resolve as des-
tinations in their own right.
"Nassau's got a lot of short-
comings," Mr Wardle said. It's
not much as a destination. The
Straw Market has been gone
since 2001 and they've made
no effort to rebuild it. "
He added that another fac-
tor that hurt Thriller Power-
boat Tours, which used to give
visitors high-powered boat
rides around New Providence,
Nassau Harbour and the
'Stingray Express' to Black-
beard's Cay were safety fears
surrounding interaction with
stingrays after the death of the
'Crocodile Hunter', Steve
Irwin.
One source described the
loss of Thriller Powerboat
Tours as "a big blow" to Nas-
sau and the variety of excur-
sions and attractions the desti-
nation offered, as it provided
"a little diversity".
"It hurts the excursion oper-
ators as a whole when one goes
out of business," the source
said. "They just can't make it
with the ships cancelling for
the summer. They're not able
to sustain it and survive."
How to maximise the poten-
tial economic benefits from the
cruise industry for Bahamian-
owned businesses and employ-
ees continues to be a challenge
for the Bahamas, yet it is a key
issue the new government
must grapple with given that
more than three million of the
4.8 million visitors who came
to the Bahamas in 2005 were
cruise passengers.
In economic terms, the
Bahamas appears to be achiev-
ing diminishing returns from
the cruise industry, based on
per capital passenger spending
or yield per head. Between
1995 and 2005, while total
cruise arrivals to the Bahamas
more than doubled, per capital
spending fell by 11 per cent
from $83 to $74 the only
major Caribbean territory
where this went into reverse.
And in the Government's
Budget statement, while not-
ing that cruise visitors on aver-
age are responsible for about
8.7 er cent of all tourist
se vg, Teir pe capita
spend was said to have fallen
to $56 per person. This com-
pared to stopover spending of
$1,020 per head.
The cruise industry has
therefore become a volume
business for the Bay Street
retailers and restaurants, plus
the hair braiders, surrey and
taxi drivers, straw vendors and
excursion and tour operators.
That is if they can get them off
the cruise ships once they are
in port.
Studies have shown that
Nassau has the lowest 'come
ashore' rate in the Caribbean
region, with only 35-40 per
cent of passengers disembark-
ing in Nassau and Freeport
compared to regional averages
of 70-90 per cent.
Bahamian businesses who
rely on the cruise industry have
cited the Government decision
to allow cruise vessels to open
their on-board shops, restau-
rants and casinos while in port
as a key factor behind this. The
failure of passengers to come


off the ships while in port has
led to a downturn in down-
town Nassau's nightlife, as
nightclubs, bars and restau-
rants have either closed down
or do not open at night due to
lack of customer traffic.
"If I were the Government, I
would only give them [cruise
ships] concessions if they can
on Nassau and Freeport first,
and then go to their private
islands," one source said. "We
are really lacking as a destina-
tion in attracting people to go
on tours. I believe that as a
destination we are in serious
trouble."

Reliance

The cruise lines' increasing
reliance on their Bahamianpri-
vate islands, especially for
three to five day cruises that
are this nation's staple, is
another key factor in the mix.
By calling at the private islands
first, where they run all the
activities and excursions, and
either calling at Nassau and
Freeport second, or complete-
ly bypassing them, the cruise
industry thus reduced the
'trickle down' economic impact
for Bahamian-owned busi-
nesses and their staff.
Cruise lines often spend
eight to 10 hours at their pri-
vate islands, but only an aver-
age of five hours in port in
Nassau, making it a very short
turnaround time for excursion
operators and providers here.
The lines have often copied
the excursions and tours
offered by Bahamian firms on
their private islands, constant-
ly putting pressure on the
search for new ones.
Between 1989 and 2005, the
number of arrivals to the pri-
vate islands doubled as a per-
centage of total cruise visitors,
increasing from 17 per cent to
34 per cent, with the percent-
age for 2006 likely to be
around 45 per cent.


A 2004 report for the Min-
istry of Tourism, prepared by
Florida-based Management
Resource Group (MRG),
found that the Bahamas share
of two and five night cruises
in the Caribbean fell by 30 per
cent in the eight years to 2003,
dropping from 76 per cent to
46 per cent as competition
from Mexican ports, such as
Cozumel and Cancun,
increased.
Thp MRG report pointed
out that in 2003, 46 per cent of
private island visitors did not
visit another port, while 50 per
cent of Nassau visitors did not
visit another port.
The private islands, the
report said, were seen as deliv-
ering the highest level of pas-
senger satisfaction, but these
destinations "produce limited
economic benefits for Bahami-
an businesses and citizens",
which "derive little or no rev-
enue from them".
The new FNM administra-
tion will now have to negotiate
a new Cruise Overnight Incen-
tive Act with the major cruise
lines, the last one having
expired at the end of 2003 and
never replaced by the Christie
administration.
In his Budget address, Neko
Grant, the minister of tourism,
said the Government would
seek bilateral agreements with
the individual cruise lines as
well, for the creation and oper-
ation of ports throughout the
Bahamas.
He added that the Govern-
ment would seek greater
opportunities for Bahamian
participation in the delivery of
goods and services to the cruise
lines, with emphasis placed on
the creation of new land and
sea tours involving Bahamian
history and Over-the-Hill
areas. Bahamian-themed
restaurants and entertainment,
in addition to ground trans-
portation, were areas also iden-
tified for improvement.


f igi u 'l C
C IF A. L-
Pricing Information As Of:
Friday, 15 June 2007
BISX LISTED & TRADED SECURITIES VISIT WWVVV.BISXBAHAMAS COM FOR MORE DATA & INFORMAT.A .'
BISX ALL SHARE INDEX: CLOSE 1.794 98i CHG 00 00 / CHO 00.000/ YTD 118.79 /YTD% 6 ,6M. : : ^:l;-..
52wk-Hi 5-.si--L:..'. Secur.i ,P F':. .:..~.. : T :._-'. ri- r.-,.._ Da.i. .c,:i EPS3 Di. S P'E Yield
1.85 ,' Atas:.,:. M i.el I Ile 1 Al ,' 0 000 0 000 N .1 0 C00
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%
3.10 1.30 Bahamas Waste 2.95 3.10 0.15 23.392 0.243 0.060 12.8 1.94%
1.49 1.20 Fidelity Bank 1.30 1.30 0.00 0.064 0.020 20.3 1.54%
10.73 9.00 Cable Bahamas 10.60 10.73 0.13 11.000 0.949 0.,240 11.3 2.24%
2.21 1.80 Colina Holdings 2.2 I 2.21 0.00 0.245 0.080 9.0 3.62%
14.62 1060 Commonwealth Bank 1-1.55 14.62 0.07 1,423 1.152 0.680 12.7 4.65%
5.72 4.22 Consolidated Water BDRs 5 12 5.23 0.11 281 0.112 0.049 45.8 0.96%
2.76 2.40 Doctor's Hospital 2.40 2.40 0.00 200 0.281 0.000 8.5 0.00%
6.26 5.54 Famguard 6 26 5.26 0.00 0.694 0.240 9.0 3.83%
12.60 11.50 Finco 12 1"' 12.60 0.00 300 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 11.00 Focol 1730 17 30 0.00 1.657 0.520 10.4 3.01%
1.05 0.54 Freeport Concrete 0.54 10 4 0.00 -0.432 0.000 N/M 0.00%
10.20 7.10 ICD Utilities 725 7.25 000 0.532 0.100 13.6 1.38%
9.50 8.52 J. S. Johnson 9.50 'If "J 0.00 0.868 0.570 10.9 6.00%
10.00 10.00 Premier Real Estate 10.00 00 0.00 1.167 0.600 8.6 6.00%
Filo ehly 0 .1., rl, .. - ji i. 1 '. .1 1 o. ... .
52wk-Hi 52wk-Low Symbol i Bid $ A.k L-.st Fricc ."-'i., :,i tEPS Co'. i$ F.E Y.,'aO
14.60 12.25 Bahamas Supermarkets 14.60 15 'i, ,.00 1.234 1.185 12.6 8.12%
10.14 10.00 Caribbean Crossings (Pref) 8.00 8.25 i0.00 0.000 0.640 NM 7.85%
0.54 0.20 RND Holdings 0 45 0 6, 0 20 0.034 0.000 26.2 0.00%
C olirii, ve..,r. -Th e-C c.irdteir ..uI,..._ m m m* m . m m '
43.00 28.00 ABDAB 41.00 43 CL 41.00 2.220 0.000 19.4 0.00%
14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.234 1.125 12.6 7.71%
0.60 0.35 RND Holdings 0.45 0.55 0 45 0.021 0.000 26.2 0.00%
BiS,V Lislted ri.iilu FirundO. .
52wk-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3427 1.2936 Colina Money Market Fund 1.342667*
3.2018 2.9038 Fidelity Bahamas G & I Fund 3.2018""
26819 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"...
FINDEX CLOSE 802.95 / YTD 08.20% / 2006 34.47% .. .-" -,.*
BISX ALL SHARE INDEX 19 Dec 02 = 1.000 00 MARKET TERMS YIELD [ast 12 month dividends irvided by closing price .
52wk-Hi Highest closing price in last 52 weeks Bid Buying p)ric of Colina and rFidality
52wk-Low Lowest closing price In'last 52 weeks A.nk S Slling pri.- of C linn ri nd fidelity 8 June 2007
Previous Close Previous day's weighted price for daily volume Last Prnc Liast traded over-thti-counter price
Today's Close Current day's weighted price for daily volume W,;ldy VIl Trading volume oi th` pie? w, ek 30 April 2007
Change Change in closing price from day to day EPS S A company's reported earnings per share for the last 12 mlhs
Daily Vol. Number of total shares traded today NAV Not Asset Value -" 31 May 2007
DIV $ Dividends per share paid In the last 12 months N/M Not Meanngful
P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index January 1. 1994 100 "" 30 April 2007
D*'E A 31 May 2007
TO TRADE CALL.: COLINA 242-502-7010 FIDELITY' ;.-I?2-'35.3-77_4 r FOP MOR.E DATA & INFORMATrf ALo 'C t'iLiia'


U


Summit Insurance Co. Ltd.
invites applications for the post of


F A I i NT "

Duties include but not limited to:

* Supervision of the Accounts Department
* Preparation of management accounts and salaries
* Preparation of annual statements for audit
* Liaising with auditors and other external partners

Requirements:

* Must be Computer literate
* Experience of general insurance and reinsurance
treaty accounting an advantage
* CPA or similar qualifications preferred
* Good analytical and communication skills

Apply in writing with CV to:
General Manager
PO.Box SS-19028
Nassau

Or fax to: 394-2353
Or email to info@summitbah.com

Closing date: 29th June, 2007


NOTICE OF VACANCY

A vacancy exists for a Bahamian at The Grand Bahama Port Authority,
Limited in the Building and Development Services Department. ,

Vacancy:

Director of Building and Development Services. The position reports
directly to Management.

Qualifications/Pre-Requisites:

Bachelor's degree in Civi, Engineering with a minimum of fifteen
(15) years experience with substantial knowledge in the construction
industry w.r.t. building services, substantial familiarity with building
codes, substantial knowledge in urban engineering, and substantial
experience in management of projects. Legal mindedness, computer
literacy, the ability to communicate effectively and speak publicly,
and a character of integrity are essential.

Responsibilities:

Managing the day to day operations of the Building and Development
Services Department with respect to Building and Planning Code
matters, contracts administration of capital projects, implementation
of management's physical planning of subdivisions and overseeing
the City Management Department.

R6sum6s with supporting documentation should be submitted to:

The Personnel Department
The Grand Bahama Port Authority, Limited
P.O. Box F-42666 Freeport,
Grand Bahama
or
Email: personnel@gbpa.com
On or before June 29, 2007


HAS VACANCIES FOR COOKS &
DISHWASHERS ALL LEVELS
MUST BE ABLE TO PROVIDE
REFERENCES, HEALTH CERTS
IMMEDIA TE START

WE PROVIDE THE RIGHT PAY FOR THE
RIGHT WORK ETHIC, INTERESTED PARTIES
CONTACT:

PHONE: 327 0965 (10-2 MON-FRI)
FAX: 327 0966,
EMAIL:
INFO@VILLAGGIORESTAURANT.COM

ATT: GENERAL MANAGER


I


BUSINESS






MONDAY, JUNE 18, 2007, PAGE 9B


THE TRIBUNE


Bank of the Bahamas




International's assets




grow 62 per cent




in four years


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
Bank of the Bahamas
International has
grown its total assets
by 62 per cent over the last
four years, its deputy manag-
ing director of information
technology said.
Address
Vaughn Delaney, in an
address to the CEO Network
conference, said Bank of the
Bahamas International had
seen tremendous growth since
2002.


"You will see in 2002 that
we had $336 million in assets.
Now it is almost $600 million
for 2006. So when you look at
it over that period, there has
been a tremendous growth in
assets some 62 per cent," Mr
Delaney said.
Period
He added that during the
same period, annual net
income rose to about $10 mil-
lion an increase of 62 per
cent as well. The bank's cur-
rent staff has grown by 50 per-
cent to 300 employees.
"What is interesting, and a
point that grabs one's atten-
tion, is that over the time the


Government actually had
ownership over the bank,
Bank of the Bahamas Inter-
national has been able to give
back to the Government in
excess of $90 million over that
period probably close to
$100 million in terms of cap-
ital receipts and dividends,"
Mr Delaney said.
Regard
He said that in this regard,
the bank has been a very sig-
nificant and beneficial invest-
ment for the Government.
"That is why the bank is now
enjoying a much more signifi-
cant profile, and is stronger
and more favourable."


Mr Delaney said Bank of
the Bahamas International
tries to use technology as
much as possible in providing
quality service to their clients.
Conference
In her address to the con-
ference, Dianne Bingham,
centre director for Scotiabank,
said there are seven steps that
lead to wealth creation.
These arfe finding a good
personal banker relationship,
saving and investing early and
regularly, staying invested,
diversifying portfolios, taking
calculated risks, developing a
healthy lifestyle and enjoying
living it.


b aBisin'MeIO te#1e-


i I ^jutcl3218toa


Julius Bair




Julius Baer, a leading global wealth manager is seeking to employ an experienced
professional to join their team as:


Chief Operations Officer

The main tasks of this position are:

Project Management: leadership and coordination of special projects
Coordinator between the Head Office in Zurich and the Nassau entity particularly
as it relates to implementing any new procedures/guidelines (but also reporting).
Coordinator for the implementation of the local guidelines
IT & Logistics: management, coordination and supervision of all related projects,
including IT supplies, management of the premises, archives
Security Officer: Implementation of all Group standards related to Business
Continuity Plan and other related plans, and maintenance
Head of Finance: supervision of the Finance Dept and implementation of any
new Group guidelines
Head of Human Resources: supervision of the Human Resources Dept and
implementation of any Group procedures/new guidelines


The successful candidate will have:

Minimum 10 years experience in a Swiss Bank in a Senior position
MBA or equivalent
Strong managerial skills
Project leadership
a Fluent in both English, French and German knowledge

Interested persons meeting the above criteria should apply in writing, on or before
June 25th, 2007 enclosing a full r6sum6 with cover letter to:


BY MAIL:
Personal & Confidential
Resident Manager
P.O, Box N 4890
Nassau, Bahamas


BY HAND
Personal & Confidential
Resident Manager
Julius Baer Bank & Trust (Bahamas) Ltd.
Ocean Centre, Montagu Foreshore,
East Bay Street
Nassau, Bahamas


Major firm in the financial and
legal services industry
invites applicants for the position of:


LEGAL SECRETARY

Minimum five years experience in Litigation
(with ability to draft documents)
good typing and shorthand skills
ability to work independently
attractive benefits
salary commensurate with experience

Reply in confidence to:
Email: glosbastian@hotmail.com







SWMI CLUB OF NASSAU, BAHAM.AS

SUMMER "LEARN TO SWIM" CLASSES
June 251" to July 201" 2007

SPACES ARE STILL AVAILABLE SO
REGISTRATION WILL BE CONTINUING AT
THE QUEEN'S COLLEGE POOL ON
MONDAYS TO THURSDAYS 3:15 P.M. TO 5:15 P.M.
AND SATURDAYS 9:00 A.M. TO 12:00 NOON








Registration forms available on the webeite:
www.barracudaswimming.org


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


BUSINESS











PAGE OB, MONDAY, JUNE 18, 2007 THE TRIBINUNE


Sir Jack and Port





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NOTICE

NOTICE is hereby given that EGBERT BLACKMORE of
SUGAR APPLE STREET, PINEWOOD GARDENS, P.O. BOX
SB-51820, 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 18th
day of June, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.


loss of personnel to the com-
panies. We therefore request,
in the future, that you conduct
yourself in a more appropriate
manner, extending normal
courtesies to others as are
expected to be shown in a pro-
fessional business setting."

Officers

The Culmers reiterated that,
as officers of the Supreme
Court, their role is to protect
the assets of GBPA and Port
Group Ltd for both Sir Jack
and the St George estate until
their dispute over his claim to
75 per cent ownership of both
companies is resolved.
They urged Sir Jack that he
put any requests for informa--
tion on the companies' opera-
tions under the receivership in
writing, rather than call meet-
ings and "abuse" attendees.
"In light of what happened
on May 8, 2007, we ask that
there be no meetings between
you and the staff of the Port


Authority or other sharehold-
ers and the staff of the Port
Authority, unless a written
request for such meeting is first
submitted to the receivers and
managers, and approved by us
in writing," the Culmers wrote.
It took Sir Jack only four
days to respond. In a May 25
letter to the Culmers, he
describes calling the meeting
to find out what was happening
over efforts to "call in a long-
standing, legitimate debt of Mr
Fred Smith."
It seems that Sir Jack
received two different expla-
nations, from the receivers on
one hand and Mr Leonard on
the other, as the two sides "had
completely opposing versions
about who had given the
instructions to 'cease and
desist' in recovering this loan.
"If my frank speaking, in
attempting to discover the
truth, was in your opinion
rude, then so be it. The occa-
sion was serious enough to
warrant what I said to you all,"


Sir Jack wrote.
"In my over 50 years of guid-
ing these companies, I have
never come across such a dis-
tressing situation between
adult professional people as
you and Carey Leonard have
engendered."
He called on both the Cul-
mers and Mr Leonard to send
their versions of what had hap-
pened in writing to him. When
it came to Port Authority staff,
Sir Jack said the only member
present was Mr Leonard.

Service

"If Mr Leonard is unhappy
with his conditions of service,
he is fully free to tender his
resignation. So far I have not
seen it," Sir Jack wrote. He
then indicated he would use
the episode surrounding the
loan as part of his case to sup-
port the application to the
Supreme Court that the
receivership application be
overturned.


SBank of The Bahamas

IN T E NATIONAL




FINANCIAL PERFORMANCE FOR THE NINE-MONTH PERIOD ENDED
MARCH 31, 2007 WITH QUARTERLY AND YEAR OVER YEAR COMPARISON

The Bank continues on a path to achieve the primary organizational and
strategic objectives established for the fiscal year while improving
underlying financial performance. The success of these initiatives is
clearly demonstrated in the growth of public confidence in this emerging
financial enterprise evidenced by the unprecedented growth of 26% to
$9.40 in the Bank's, BISX listed, share price.

Expanding on the objectives during the period we note the successful
issuance of capital and money market transactions that fortified
Shareholders' Equity and core customer liabilities. The combination of
these components served to support the prudent navigation of business
activities during a period of prolonged systemic liquidity challenges.
On a comparative basis, the success of such business activities is clearly
demonstrated in growth of 14.1% in total assets to just under B$600
million, expansion of 30.0% in Shareholders' Equity to B$94.8 million and
an increase of 17.1% in net revenue to B$24.7 million,

A large number of elements associated with the Bank's transformation to
a New Growth Platform, as mentioned in the last quarter's report, are
intrinsically linked to the actual, but planned, growth in operating
expenses. Significant non-recurring realignment costs are contained
therein. Moreover, a sizeable allocation of human capital from normal
business duties to this most important undertaking influenced a rise in
the operating efficiency ratio. Despite these events Net Income for the
period amounted to B$8.5 million continuing at a growth rate multiple
times that of GDP.

We recognize the outstanding support of our staff especially during this
period of transition and remain grateful for the confidence and support of
our growing customer and shareholder base.


/


BANK OF THE BAHAMAS LIMITED
CONSOLIDATED BALANCE SHEET (UNAUDITED)
AS OF MARCH 31, 2007
(Expressed in Bahamian dollars)


ASSETS


TOTAL


LIABILITIES


Cash and due from banks
Investments, Loans and Advances to Customers, net
Other Assets


Deposits from customers and banks
Bonds Payable
Mortgage Backed Bonds
Other Liabilities
Total Liabilities
SHAREHOLDERS' EQUITY
Share Capital
Authorized 25,000,000 preferred shares of $B 1,000 each
Issued and Fully Paid 15,600,000 common shares (2006:15,600,000)
Preference Shares
Share Premium
Treasury Shares
General Reserve
Retained Earnings
Total Shareholders Equity
TOTAL


MARCH MARCH JUNE
31.2007 31,2006 30.2006

$ 64,624,115 $ 37,530,687 $ 44,198,930
506,545,260 467,178,027 484,651,262
27,176,085 19,685.345 16,379,230
$ 598,346,460 $524.394059 $ 545,229,422


441,042,809 419,179,037 441,616,912
17,000,000 17.000,000 17,000,000
20,000,000
25,514,566 15,032,025 11.794,699
503,557,395 451,211,062 470,411,611




15,600,000 15,600,000 15,600.000
14,764,990-
28,587,866 28.587,866 28,587,866
(237,239) (252,699) (245,739)
1,400,000 1,400.000
36,072,448 27,847,830 29.475,684
$ 94,788,065 $ 73,182,997 $ 74,817,811
$ 598,345,460 $524,394,059 S 545,229.422


CONSOLIDATED STATEMENT OF INCOME
9 MONTHS ENDED MARCH 31,2007 (UNAUDITED)
(Expressed in Bahamian dollars)
2007 2006


NET INTEREST AND OTHER INCOME:


Interest Income
Interest Expense
Net Interest Income
Less Net Provision for Loan Losses
Net Interest Income after Provision for Loan Losses
Non-Interest Revenue
Income from Investments
Net Revenue
NON-INTEREST EXPENSES
NET INCOME

EARNINGS PER SHARE
BAfK'OF THE BAHAMAS LIMITED
CONSOLIDATED STATEMENT OF INCOME
3 MONTHS ENDED MARCH 31,2007 (UNAUDITED)
fl.biArnian dallaral


$ 30,530,309
12,908,279
17,622,030
493,583
17,128,447
6,235,900
1,297,284
24,661,631
16.191,639
$ 8,469,992


$ 26,047,423
9,596,989
16,450,434
1.821,719
14,628,715
5,307,533
1,116,276
21,052,524
13,247,583
$ 7,804,941

$ 0.50


.... ..........2007 2006

NET INTEREST AND OTHER INCOME:


interest income $ 10,101,974
Interest Expense 4,542.331
Net Interest Income 5,559,643
Add Net Recoveries (Less) Net Provision for Loan Losses (252,212)
Net Interest Income after Provision for Loan Losses 5,811,855
Non-interest Revenue 2,695,644
Income from Investments 426,088
Net Revenue 8,933,587
NON-INTEREST EXPENSES 5.635.448
NET INCOME $ 3,298,139


$ 0.21


EARNINGS PER SHARE


$ 9,563,970
3,3180375
6,245,595
490,156
5,755,439
1,116,035
687,975
7,559,449
4,755.550
$ 2,803,899

$ 0.23


BANK OF THE BAHAMAS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
9 MONTHS ENDING MARCH 31,2007
(Expressed in Bahamian dollars)


CASH FLOWS FROM OPERATING ACTIVITIES:
Net income ..
Adjustments for non-cash items

Net change in operating assets
Net cash used in operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of fixed assets
Purchase of investments
Proceeds from maturity of investments
Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of Preference Shares
Mortgage Backed Bonds
Dividends paid
Rights Offering
Net cash provided by financing activities


2007


$ 8.469,992
1,993.554
10,463,546
(19,545,069)
(9,081,523)


(330,369)


14,764,990
20,000,000
(4,927,913)

29,837,077


NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
DURING THE PERIOD 20,425,185

CASH AND CASH EQUIVALENTS BEGINNING OF PERIOD 44,198,930
$ 64,624,115,


2006


$ 7,804,941
3,013,262
10,818,203
(47,930,022)
(37,111,819)


(679,937)
(3,462,000)
100,000
(4,041,937)




(4,305,563)
24,598,802
20,293,239


(20,860,517)

58,391,204

$ 37,530,687


BANK OF THE BAHAMAS LIMITED
NOTES TO CONSOLIDATED INTERIM CONDENSED FINANCIAL STATEMENTS
(UNAUDITED)
9 MONTHS ENDED MARCH 31, 2007

1. ACCOUNTING POLICIES

These consolidated interim condensed financial statements are prepared in
accordance with IAS 34-Interim Financial Reporting. The accounting polices used in
the preparation of these consolidated interim condensed financial statements are
consistent with those used in the annual financial statements for the year ended June
30, 2006.

The consolidated interim condensed financial statements include the accounts of
Bank of the Bahamas Limited and its wholly owned subsidiary, BOB Financial
Services, Inc.


FROM page 1



the meeting, which was attend-
ed by Sir Jack and his son,
Rick Hayward, the two
'receivers, and Sir Albert
Miller, the GBPA's chief exec-
utive, and Carey Leonard, its
in-house counsel.
The letter, addressed to Sir
Jack and which has only come
to light in the run-up to ton-
morrow's Supreme Court
hearing on his application to
set aside the receivership, said:
"We are of the view that your
tone, demeanour and general
comportment were altogether
disrespectful to the staff at the
Port Authority, to us, and,
indeed, denigrating to your-
self. This conduct on your part
was wholly inappropriate.
"We believe that your
abhorrent display of impolite-
ness towards the staff of the
Port significantly risked the


I


I mw


I





PAGE 10B, MONDAY, JUNE 18, 2007


THE TRIBUNE







THE TIBUN MONDY, JNE 1, 200, PAE li


Legislators add


United States


passport rule




press-ure


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
The United States
House of Representa-
tives has voted unani-
mously to delay implementa-
tion of the current Western
Hemisphere Travel Initiative's
(WHTI) passport regulations
for at least 17 months, a move
that intensifies pressure against
a policy that may greatly
impact the Bahamas and other
Caribbean countries' tourism
industries.
Department
Since the Department of
Homeland Security's imple-
mentation of the rule that
every US citizen returning
home from the Caribbean and
the Bahamas needs to have a
valid passport, the US State
Department has been flooded
with applications creating in
some cases up to a three
month backlog and ruining or
delaying the travel plans of


thousands of Americans.
To counter this, last week it
was announced that there
would be a relaxation of the
Western Hemisphere Travel
Initiative to allow persons who
could present a receipt show-
ing they had applied for a pass-
port to travel without the doc-
ument until September 30,
2007.
Extension
Upon hearing of that exten-
sion, the Ministry of Tourism
and the Bahamas Hotel Asso-
ciation-both said it would
ensure that the summer group
travel, involving families and
weddings, would not be great-
ly impacted.
Representatives from both
organizations could not be
reached for comment yester-
day.
However, The Tribune did
receive a release from the
Caribbean Tourism Organisa-
tion (CTO) saying they
applauded the House decision,
and urging a full waiver of the
WHTI requirements until July


2009, when the rules are sched-
uled to come into effect for
cruise passengers travelling to
the Caribbean region.
"The evidence is now over-
whelming that tourism and
commerce in the Caribbean
region have suffered consider-
ably as a result of the WHTI
passport rules, as was predict-
ed by the United States' own
study by the Customs and Bor-
der Protection in August 2006,
as well as a study by the World
Travel and Tourism Council
(WTTC)," said Allen Chas-
tanet, the CTO's-chairman and
St. Lucia's tourism minister.
"And by excluding the
Caribbean from further delay
in its implementation, the con-
sequences will be severe."
Release
The CTO release added that
there remained a number of
issues that need to be resolved,
including clarification on doc-
uments that will be acceptable
to airlines and visited coun-
tries, as well as for reentry into
the US by air passengerspd
.. -_.. ... .. ... . O
.. * ,, ,, -. *


Imn -li e
witha litle ore oney


1;-.&


Y.,


.5% 3


..i .


.4^


, ',


.... --- i ,-
. .
'i2 o.s.. ....
,J', ,')
,',-:-" N
.'-" . -


4''


01,


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Life. Money. Balance both:
" Tiad miat o i.B.to fn ioi*Tadrws uied um. f auih.r.io n;tcfl I Bi- ol HC. ,MS couCni pt ffl(iM i lutw ip. d requi ..ioiB... e. J' A.lbi niibr hSm j ic ntim


the confusion that will ensue
from different sets of rules.
Board
Meanwhile, the CTO Board
of Directors had recommend-
ed to Caribbean governments
that all Caribbean countries
accept the same documents
that the airlines accept for
adults and children under the
age of 16 for entry purposes.
The CTO's call is fully
endorsed by the Caribbean
Hotel Association (CHA).




INSIGHT
For the stories
behind the news,
read Insight
on Monday


to


NOTICE


IN THE ESTATE OF KENNETH
DELANO DUWAINE JONES late of
Infant View Road, Western District,
New Providence, Bahamas, deseased.


NOTICE is hereby given that all
persons having any claim or
demand against the above Estate
are required to send the same duly
certified in writing to the Undersigned
on or before the 19th day of July,
2007, after which date the Executors
will proceed to distribute the assets
having regard only to the claims of
which he shall then have had notice.

AND NOTICE is hereby also given that
all persons indebted to the said Estate are
requested to make full settlement on or
before the date hereinbefore mentioned.

HIGGS & JOHNSON
Attorneys for the Executors
Chambers
P.O. BOX N-3247
Ocean Centre
Montagu Foreshore,
East Bay Street
Nassau, Bahamas


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MONDAY, JUNE 18, 2007, PAGE 11B


THE TRIBUNE


''


. '" 7 '








PAGE 12B, MONDAY JUNE 18, 2007 THE TRIBUNE


Quality In Everything We Do
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THE TRIBUNE


PAGE 12B, MONDAY, JUNE 18, 2007