The Tribune.
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00084249/02931
 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: 7/2/2007
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
sobekcm - UF00084249_02931
System ID: UF00084249:02931

Full Text

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Volume: 103 No.183

Companies-- ge'd

pillaging$ warning
Competition for best staff creates problems

MONDAY, JULY 2, 2007





More than 200kg National Youth Service graduates pass out Atlantis is
C'd 1' 'I

of drugs found

off Eleuthera

Tribune Staff Reporter
COCAINE with an estimat-
ed $3'million street value was
found stashed in a sailboat off
the coast of Eleuthera by Drug
Enforcement officers Friday
According to police, the mas-
sive haul 226 kilograms was
made after the 42-foot vessel
was intercepted, boarded anid
searched by an officer.
Two French Canadian men,
ages 57 and 61, have been
arrested in connection with the
find which was stored in the
cabin of the boat, along with a
"sitiall amount of cash," accord-
ing to Assistant Superintendent
Walter Evans.
The men are expected to be
charged as early as today. The
drugs have been brought to the
capital for processing, he said.
It is thought that they may
have been coming from the
Dominican Republic, said Asst
Supt Evans. He could not say
where the drugs were being
Commenting on the signifi-
cance of the haul, the officer
said: "You don't find that
amount of drugs every day."
The successful seizure of the
drugs comes as a result of col-
laboration between Bahamian,
Canadian and US authorities.
"These things cannot be
done by us alone," said Evans.
"There has to be a degree of
understanding and information
sharing by all agencies," he

The seizure comes as AP
reports that there has been a
quadrupling of suspected drug
flights into Hispaniola, the
island which is the home to both
Haiti and the Dominican
US, Haitian and Dominican
forces have launched operation
"Rum Punch" to counter the
However, the operation's
success has been hindered by
corruption and restricted local
budgets, according to AP.
The Haitian police force has
only a few dozen drug agents,
and only one functioning
patrol boat facts which Hait-
ian police chief Mario
Andresol admitted to AP are
seriously hampering their
Most of the drugs that reach
the island nations are said to
have originated in Colombia,
flowing through Venezuela, and
then being carried "by the ton"
on ships and planes to feed the
enormous demand in Europe
and the US.
According to AP, there has
been an increase of as much as
30 tons a year in the amount of
cocaine passing through
Venezuela under President
Hugo Chavez's rule. An esti-
mated 300 tons of the drug is
suspected to have been shipped
out of the country in 2006 -
roughly a third of global-sup-
SEE page 12

Ix,.. .

* GRADUATES of the National Youth Service Restorative Programme Junior Life Division
march in the Passing Out Ceremony on Friday in BARC, North Andros. See page eight for more
(Photo: BIS/Tim Aylen)

Guana Cay campaigners slam BNT

Tribune Staff Reporter
A LOCAL environmental
group has questioned the cred-
ibility of the Bahamas Nation-
al Trust after the organisation
endorsed the controversial
Baker's Bay development on
Guana Cay, and accepted a
$1.2 million pledge from the

site's developers.
The Save Guana Cay Reef
Association (SGCR) con-
demned the BNT for its rela-
tionship with the Baker's Bay
development in a scathing press
release yesterday.
"We realise they (the
National Trust) are a cash
strapped organisation and we
respect their work, but that is

no reason 'to sell your soul to
the devil.' Accepting the dona-
tion is one thing, we cannot
fault them for that, but the
gushing words of praise that
followed in the press release
from the BNT, was nothing
short of appalling," they
SEE page 12

I 'H I[h don[i ] i [i ] ]iii o1nfopd iaslsc]mpign

THE Bank of the Bahamas
was another generous donor to
the campaign to provide dialysis
machines for the Princess Mar-
garet Hospital.
Bank of the Bahamas donat-
ed $20,500, which will purchase
a complete dialysis unit, includ-
ing the cost of installation, staff
training and a full year of tech-
nical support. The fund, which
opened with a goal to raise
$164,000 to purchase eight
machines, closed three weeks
later having more than doubled
its goal. The fund was closed on
Thursday with $342,915.29 in
the account.
"Bank of The Bahamas
International is pleased to make
this contribution of $20,500 to
SEE page 12

not paying
millions for
Tribune Staff Reporter
KERZNER International
has been accused by the owner
of a family business of not pay-
ing millions owed for wood-
work done on the new Cove
Jean-Marc Ingea, owner and
general manager at Elcir, said
he was shocked when he heard
that, after months without pay-
ment during which his work-
men went ahead on the opulent
project "in good faith" there
was disagreement over what his
firm is owed.
The dispute has escalated
since two weeks ago when the
construction management firm
PCL, contracted by Kerzner
International, hit him with back
charges to the tune of $3.5 mil-
lion for costs he claims to have
been given repeated verbal
assurances were not his respon-
SEE page 12
Christie goes
on offensive
over Urban
Tribune Staff Reporter
Christie weighed in yesterday
on the death of David Rolle on
the steps of a deserted Urban
Renewal building, stating that
no Bahamian should die
"because of a government's lack
of vision."
The death of Mr Rolle, the
country's 42nd murder victim,
has caused significant contro-
versy as the young man desper-
ately sought the help of Urban
Renewal officers in Nassau Vil-
lage who were not there in
the last moments of his life.
Mr Rolle was shot multiple
times and died in front of the
abandoned police outpost after
making a frantic call to his
mother, as no police were pre-
sent to assist him.
SEE page 12

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* PICTURED from left to right are Dania Ferguson, the bank's
marketing co-ordinator, Sean Moore, The Tribune's marketing
manager, and Tameka Forbes, senior manager business
development, PR and legal affairs at the bank



Ronl Sades

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No offers yet to buy private island

Leaf Cay from

.onaire Holcomb

Tribune Staff Reporter
THERE were no bids on
Leaf Cay the private
Bahamian island put up for
auction for $12 million by a
Florida millionaire on Thurs-
The Tribune reported last
week that the lush 15-acre
island in the Exumas, designed
as a hideaway and refuge by
Jack Holcomb after being
acquired in 1986 for $225,000,
was to be sold off.
The island is home to 19
buildings, a dock, a crane, an
airstrip, fuel tanks, two cis-
terns and a desalinisation
It has electricity, provided by
cables from the mainland, gen-
erators, and solar panels if
all else fails.
Holcomb who has been

alleged td be a former CIA
operative also installed a
massive amount of storage
space, including a freezer build-
ing with enough storage space
to keep a family alive for five


Huge quantities of food,
including 50 25 pounds of flour,
30 five-gallon buckets of grits,
six of lima beans as well as nine
cartons of military-made ready
meals, and enough coffee to last
for an estimated 115 years is
still to be found stored away on
the island.
However, as well-equipped
as the place might be it was
designed to provide safety in
case "everything went bad in a
hurry" according to the mil-
lionaire no one offered the

$12 million he was looking for
when the property went under
the hammer in Fort Lauderdale
on Thursday.
Though there was interest
from the rich of 12 nations, the
island remains Holcomb's,
according to The Miami Her-
He had hoped to sell it as his
declining health specifically
skin cancer which meant he
has not visited in years, and
does not fancy the idea of
spending that much time in the
hot Bahamian sun. He also
owns a $1.8 million home in Ft
Lauderdale and a 373 acre
ranch in Kentucky.
Although not going into
details, the millionaire told The
Miami Herald that he had not
given up hope.
"When things go wrong, I
always have plan B, C, D and
E," he said.

* LEAF Cay, which Jack Holcomb wants to sell for $12 million

Customers' anger at Scotia Bank ATM service

WHILE employees of the
Bank of Nova Scotia's Thomp-
son Boulevard branch held,
what appeared to be an early
morning pep session inside,
irate customers to the branch's
24-hour ATM machine waited
outside for about 30 minutes,
as none of the bank's three
money machines was opera-
Shortly before 9am Thursday,
a Tribune reporter arrived at
the branch to retrieve funds
from the branch's ATM

machine and found customers
in the foyer complaining
because they were unable to
obtain funds from the machine.
"I went to the Wulff and East
Street branch and they didn't
have no money. I checked the
gas stations, and they don't have
no money. This is ridiculous,"
complained one customer.
"I said if this happens again, I
was going to move my account
to Royal Bank," said another
After a steady ten minute
flow of visibly upset customers
streamed in and out of the foy-

er, the location of the empty
money machines, the reporter
tried to find out from bank offi-
cials why none of the bank's
three ATM machines was func-
tioning so near opening hours.
The reporter asked a security
officer to contact one of several
managers seen at the back of
the officer. However he made
no effort to get a manager's
attention, and concerned cus-
tomers either left in frustration
or milled around outside until
9.20 am, when one of the bank's
machines became operational.
"This seems to be a constant

thing with these banks around
here," one customers said.
"These are supposed to be 24-
hour machines, and they are
constantly running out of mon-
ey, and then you have to drive
all around the island at all hours
trying to track down money. We
are paying all of these fees to
these banks and we don't even
have easy access to our money
when we need it."
Another observer said that
banks must realize that they put
their customers in danger when
they are forced to ride around
at different hours of the day and
night hoping to find a machine
with money in it.
When managers of the

Thompson Boulevard location
were approached for answers
about the extended delay in
making funds available to ATM
customers, The Tribune was
told that all questions about
ATM operations should be
addressed by the bank's mar-
keting department of the main
When The Tribune went to
Scotia Bank's marketing depart-
ment, one bank official tried to
contact someone in the depart-
ment to meet with him.
Not a6le to contact anyone
in the department by phone, the
official went to the department
and, for close to 20 minutes,
tried to find an employee of the

department to address the con-
After an extensive search and
not being able to locate anyone,
the official gave the name of
one person in the department
for The Tribune to contact later
in the day.
Eventually, The Tribune was
able to speak with Debra
Woods and Andrea Myers of
Scotia's marketing department
who apologized on behalf of the
bank. They said that after
speaking with managers at the
Thompson Boulevard branch,
they were made to understand
that the bank was having chal-
lenges with two of its machines
during the period in question,
operational challenges that she
could not address publicly.
"It was just this morpig, at
the time that they were'riplen-
ishing the machines'ibVidibsly
there was something else that
probably caused them to take
a little longer than normal," said
Ms Myers.
Again, after further explana-
tion, they offered apologies, on
behalf of Scotia Bank, to those
customers who experiencing
problems at the branch Thurs-
day morning.

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


Enter to WIN
1 of 3 RIZR 13 call
phones with'
purchase of anv 3
P&G products.
Prmot110 ends
luNl 31,2007. w I



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PAGE 2, MONDAY, JULY 2, 2007





0 In brief

Woman is

jailed for


A WOMAN was sent to
prison last Thursday for nari-
juana possession.
Lewchea Dickenson, 25, of
Nassau Village was charged in
April 2006 with possession of
marijuana with intent to sup-
Dickenson stood trial for the
offence and was convicted.
Magistrate Carolita Bethel
Thursday'sentef~ed her to two
and a half years in prison.
She was found in possession,
of 31 pounds of marijuana.

Two men
are injured
while leaving

TWO young men ended up
in hospital this weekend after
being attacked in separate inci-
dents while leaving a party in
Jubilee Gardens.
At around lam, a 26-year old
Nassau Village resident was hit
in the head with an unknown
object by a group of men as he
exited the party. He is current-
ly in a serious condition in hos-
Later, a 27-year-old was shot
in the left leg by an unknown
male as he left the same resi-
dence. He too is now in hospi-
tal, although his wounds are not
considered life-threatening.
Yesterday, Assistant Super-
intendent Walter Evans said he
could not say whether the inci-
dents were connected, or gang-

reports 18%
rise in tourist
San Juan ''
BERMUDA on Friday
reported an 18 per cent increase
in the number of tourists flying
into the mid-Atlantic British
territory during 2007's first
quarter, attributing the boost to
an influx of visitors from the
United States, according to
Associated Press.
The increase over the same
period last year comes as sev-
eral Caribbean islands are
reporting tourism slumps.
Jamaica, the Bahamas, Barba-
dos and St Lucia have all posted
decreases in air passengers,
according to figures from the
Caribbean Tourism Organiza-
"All the people who make
our tourism product what it is
have even more reason to hold
their heads high, because this
undeniable surge in visitor num-
bers is coming at a time when
our colleagues in the Caribbean
are struggling," said Premier
Ewart Brown, who is also the
minister of tourism."
Bermuda, known for pink-
sand beaches, diving and tax-
free shopping, has been recov-
ering from a decline in tourism
in 2005 that the government
blamed on high airfares and
fears of hurricanes.
During the first quarter,
32,946 American air passengers
visited the island 640 miles east
of the US, compared with
26,732 in 2006.


of things we
think, say or do
1. Is it the TRUTH?

2.Is it FAIR to all
3. Will it build
4. Will it be
all concerned?



Police 'will be

more visible'

with new policy

Tribune Staff Reporter .
expect increased visibility from
police as a result of the new
neighbourhood policing initia-
tive, it was said.
Assistant Commissioner
Marvin Dames, officer in
charge of New Providence dis-
trict, told The Tribune that a
major component of the new
programme, which was rolled
out last week, will be the zon-
ing of communities through-
out the Bahamas by police,
and the assignment of a spe-
cific complement of officers,
and vehicles to cover each of
these areas.
Mr Dames said that 300
additional officers will be reas-
signed to add to the comple-
ment of officers already in sta-
tions in order to facilitate this
remobilisation exercise.
The main thrusts of the ini-
tiative, he continued, will be
to enhance police intelligence,
along with placing special
emphasis on crime prevention
and crime fighting.
"It will be the duty of those
officers to get to know the peo-
ple in those zones," he said.
Which, from an intelligence
perspective, he added, will
enhance the ability of police
to respond to any upsurge of
crime within the boundaries of
a specific community, and to
bring those involved to justice.
With more officers con-
stantly on the beat in commu-
nities, including police on bicy-

Officer in charge lays out plans

for neighbourhood policing

* MARVIN Dames

cle patrols, Mr Dames expects
that response times of police to
be shortened, and there to be a
deterrent effect to the height-
ened police presence.
Mr Dames added that police
will place emphasis on mobil-
ising the community by assist-
ing in the creation of crime
watch associations.
As the officer in charge, Mr
Dames told The Tribune that a
major responsibility of his will

be to monitor trends through-
out the island, and ensure that
the necessary resources are
quickly sent to address the spe-
cific needs of communities.


"This initiative is not only
about setting up officers and
putting them out there. It's all
about accountability and cer-
tainly performance measure-
ments," he said.
The public should expect to
see reports from law enforce-
ment, as to the effectiveness
of this new scheme Mr Dames
added, as it is the public who
will be the "final judge" of
whether or not this new drive
is successful.
In the wake of the 42 homi-
cides that have already
occurred in the first five
months of this year in the
Bahamas which sets the
country on track for a predict-
ed record of more than 80
murders police officials will
have to demonstrate statisti-
cally that initiatives such as this
can make a real impact into
crime in the country.
As Mr Dames and other
police officials are aware, the
level of fear of crime is cur-
rently high in the community.

Tribune Staff Reporter
BAHAMIAN police have
been pounding the streets in
the south of England, accord-
ing to the BBC.
Although no police sources
could yesterday confirm who
took part in the three-day
course in Dorset in southern
England, "police chiefs" from
this country, as well as from
Botswana, the Cayman Islands,
Bahrain, Oman and

4. 4

Bangladesh were said to have
been involved, according to the
The course was intended to
teach officers the latest police
techniques. They also went on
patrol with the UK force in the
town of Weymouth.
Supt Colin Searle of the
Dorset police force said: "It's
important to continue to build
relationships with interna-
tional police forces, to con-
tinue to exchange informa-

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Chief Insp Rick Dowell
said: "It was a pleasure for us
to play host to our guests
from various parts of the
world, and to demonstrate
technology, skills and
resources of the specialist
operations departments of
Dorset Police.
"The commanders gained
considerable benefit from their
visit to the operations division
and will no doubt take a great
deal of knowledge back to
their native forces."


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Bahamian police reported on

,course in southern England

MONDAY, JULY 2, 2007, PAGE 3



in deep trouble. Like the three blind men who
went off to "see" an elephant the truth
eluding all three no one has yet been able to
put a finger on tourism's real troubles.
Like the blind men who touched the ele-
phant on different parts of its body ears,
trunk, tail each came away with a different
concept of "elephant." Unable to see the
whole, no one was able to grasp the true pic-
ture from the parts.
It is the same with our tourism industry.
Some lay all the blame on a crumbling, ineffi-
cient and overcrowded airport. Already three
cruise lines have pulled their ships because
of a deteriorating Prince George dock. Their
loss could have been averted if the PLP gov-
ernment had acted on warnings of what would
happen if the harbour were not dredged and
the dock upgraded therefore, an indeci-
sive government, which kept the truth from
the public, added to an already major problem.
Others say it's because there are not enough
places of interest to attract visitors, and that
the run-down condition of Bay Street, the
main shopping thoroughfare, is a turn off.
Also one must not forget that a large number
of rooms have been pulled from the market
because of hotel renovations on the Cable
Beach strip. Crime and attitudes are also high
on the undesirable list.
However, many analysts want to lay sole
blame on the US's new requirement that all
Americans returning by plane from overseas
must have a passport. So far this requirement
does not apply tothe cruise industry, so it;
was quite a blow to Bahamians to suddenly
learn that three cruise ships were leaving for
more attractive ports.
Not one of these in isolation is our problem,
but all bundled together they are "The Prob-
lem." And it is now up to the experts to find
the Alkaselzer to effect a cure.
Those who believe that most of our prob-
lems rest with the US government's decision,
maintain that the US passport requirement
will eliminate our impulse tourist. That is the
man and woman who get up one morning to
overcast skies and falling snow flakes and say,
"Let's head for the sunshine of the Bahamas."
Or the Miami visitor who decides to enhance
his southern visit by hopping a plane for a
night of gambling at Nassau's casinos.
But let's look at the other side of the coin.
Is it. the passport, or is it the excessive airline
fare that is discouraging the impulse traveller?
For example, someone had to make an emer-
gency flight to Miami last week. He was quot-
ed a roundtrip ticket from Nassau to Miami by
American Airlines for $659 as someone
said he could have flown from Miami to Thai-

land for $900. This passenger opted to fly to
. Fort Lauderdale by Spirit, and drive to Miami.
The roundtrip on this low fare aircraft was
American Airlines can price gouge on its
Miami route because it has no real competi-
tion, but it's a different story on its Fort Laud-
erdale route where it has to compete with the
low fares of Spirit. American's fares on this
route are comparable to Spirit's. The secret?
The market forces of competition.
And yet can the low fare aircraft handle the
demand? We know what happened to Jet
Blue when it had a melt down on a runway
recently inconveniencing thousands of pas-
Over the weekend Spirit seemed to be hav-
ing a similar problem on its Fort Laud-
erdale/Nassau route. And, of course, the
screening of baggage, probably heightened
by the terrorists scare a few days ago at Glas-
gow's main airport in Scotland and the two
cars filled with explosive in London's Hay-
market, made security at US airports tighter,
thus delaying take-off times.
Tomorrow we shall tell you the story of a
party of six, who having planned their week-
end vacation to Nassau more than a month
ago, arrived in Nassau on Saturday. Although,
they flew on the same day, they flew by Spir-
it on different flights. They all arrived without
their luggage.
A young mother, travelling alone with her
two-year-old daughter arrived at Fort Laud-y,
erdale airport at 1.30pm for a 4pm flight to
Nassau. Mother and baby arrived in Nassau at
6pm, having spent four and a half hours at
Fort Lauderdale airport for a 27 minute flight
to Nassau, and another hour and a half on
the Nassau side waiting in line to fill out a
form for her missing luggage six hours in all.
As she said, she could have almost been to
London in the time she spent at two airports
just trying to spend three days in Nassau.
"It's just not worth the hassle to come to
Nassau," she said, looking as worn out as if she
had in fact made the tiring transatlantic cross-
Sunday was wasted trying to locate her
missing luggage, which in fact did not arrive
until Sunday afternoon. When the six mem-
bers of the party got together they had a sim-
ilar story to tell all were fed up. And on this
end they were more than annoyed with the
lack of information that Nassau Flight Ser-
vices could give them about their luggage -
but that story is for tomorrow.
While the mother was ready to collapse, the
fretful baby girl's only concern was for her
missing teddy bear a question at that point
no one could answer.

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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

Switchboard (News, Circulation and Advertising) 322-1986
Nassau Fax: (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608

Bahamas tourism is in trouble

THIS past weekend was most
significant for the beautiful
island of Eleuthera. A milestone
in the economic development of
that island was realized. The his-
torical inaugural direct jet flight
between Atlanta (the Global
Gateway to the world) and
North Eleuthera took place. This
flight represents the only direct
international flight into North
Eleuthera from a destination
other than Florida. Not since
Pan American Airways intro-
duced direct flight service
between New York and Rock
Sound Eleuthera in the late
1960s has there been so much
excitement and anticipation on
Eleuthera. There had been oth-
er jet services into Eleuthera,
but they were basically charter
flights. What is now available is
a regular scheduled commercial
flights that anyone including
local Eleutherans can make a
reservation and travel to or from
Atlanta several days a week.
Ordinarily one would expect
each day in the Bahamas to be
filled with golden sunshine and
any humidity described as "liq-
uid sunshine". However, cloudy
skies greeted Delta Flight 4457
that touched down at exactly
2.35pm on the afternoon of Sat-
urday, June 16,2007. By coinci-
dence, this day is also the 44th
anniversary of the opening of
the North Eleuthera Airport
which opened on June 16, 1963.
The traditional water arch wel-
come of a new vessel entering a
new port facilitated by the North
Eleuthera Fire Department wel-
comed the flight. As if to also
welcome this new venture, for a
brief moment, the sun came out
andAtW ram took' a recess. My
only disappointment for the
afternoon was that unlike other
oclons when there were inau-
gural flights to Nassau or
Freeport, Junkanoo was not
made a part of the welcoming
committee. I am of the humble
opinion that any promotion of
the Bahamas or Bahamian
tourism must include the nation-
al culture of the Bahamas. In the
absence of Junkanoo, the Har-
bour Island Marching Band did
make a sincere effort to fill the
void with their spectacular per-
The official ceremony was
brief but to the point as the air-
craft and some of the dignitaries
had to return to Atlanta. The
underlying message was simply
that Eleuthera is on the move.
Delta's extremely enthusiastic
spokesperson for the event, Mr
Charles Rowe emphasised the
opinion of all the other speakers.
Eleuthera has the potential to

EDITOR, The Tribune

become Delta's best destination.
Mr Rowe also stressed Delta's
commitment to the Bahamas.
This was reflected by a similar
exercise that took place just an
hour earlier in George Town,
Exuma where an inaugural flight
had also landed. For the first
time in Delta's history, a "dou-
ble-header" was performed by
having two inaugural flights on
the same day in the same coun-
Other speakers for the day
included the new Junior Minister
in the Ministry of Tourism, the
Hon. Branville McCartney. He
shared his government's plan for
the development of the Bahami-
an tourism product. Special men-
tion was made of J Allen Mal-
colm, the pioneer of the devel-
opment of the winter resident
industry in the Out Islands of
the Bahamas. Beginning in the
1950s, Allen Malcolm developed
The Pink Sands Lodge, one of
the first such developments in a
Bahamian Out Island. His com-
mitment to the 'nurturing of this
resort has resulted in an institu-
tion known world wide for excel-
lence and a playground for the
social elites. Clearly, this father
of the winter resident industry
must be credited with setting the
stage for Harbour Island being
the Diamond in the Crown of
the Bahamian tourism industry.
In terms of visitor satisfaction
and repeat visits, Travel and
Leisure magazine has awarded
Harbour Island with not just
being the best in the B. a.ias,
but'in the entire region which
includes 26 different countries
featuring 44 destinations.
The success of Alleni Malcolm
with the Pink Sands in Harbour
Island encouraged others to
invest in Eleuthera's promising
tourism industry. One such indi-
vidual was Juan Trippe, the
Chairman and co-founder of Pan
American Airways. In addition
to introducing direct flights
between New York and Rock
Sound, he also developed the
five-star resort that was the Cot-
ton Bay Club. In those days
along with the development of
other resorts such as Winder-
mere Island, home of Britain's
Royal Family, Eleuthera became
synonymous as the destination
of choice for the Rich and
Unfortunately, for whatever
reason by the late 1970s, the Pan
American flights ceased. The
increase cost of fuel and opera-
tions impacted the feasibility of


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these flights. The result was a
valuable lesson for those who
market the tourism industry.
With little or no direct interna-
tional flights, most of the
Eleuthera hotels were forced to,
close. This devastated the
Eleuthera tourism industry
which has not recovered up to,
this day. Fortunately for Har-
bour Island, the North Eleuthera -
Airport and amphibious sea-
planes landing at "The Ramp"
continued to feed the growing
Harbour Island tourism market.
Even up until today, Harbour,
Island continues to be the eco-,
nomic breadbasket for Eleuther-
ans working in the tourism'
The forces moving the tourism
industry in the Bahamas is "a
chicken and egg" situation.
Which must come first, the
chicken or the egg? For exam-
ple, in Grand Bahama there has
been little net growth in tourism.
The number of hotel rooms has
stagnated and a stalemate has
developed. The airlines say that
they will not add more seats
until there are more hotel
rooms! The hotel industry says,
that they will not add more'
rooms until there are more air-
line seats. This has become a no
win cycle.
The additional, airlift that
Delta is providing to Eleuthera
simply means that there is now
more of a demand for more hotel
rooms. With a number of'
Anchor Projects in various stages
of development, it should be just
a matter of time before
Eleuthera returns to its former
glory. Already, one such devel-
opment, the Royal Island Resort
at its Heads of Agreement sign-
in in December 2006 request.-;
e that government, extend %the,
runway at North EleutheraZ
another 1000 feet to accommo-'
date new air traffic that is expect- I
ed. Already, the White Crown:
Jet Centre accommodates a num-F
ber of Lear Jets and other Exec-
utive aircraft. What is needed is
a master plan involving all the'
stakeholders in the industry of,
the future development of North
Eleuthera Airport. A Control
Tower, a new Terminal Building
with a proper TSA team with:
modern security equipment and P
additional parking on and off the .
airfield must be given top priori-'
ty. For the first time in Bahamian'
history, Tourism and Aviation is
housed under the same Ministry.
This arrangement should be per-
fect to eliminate the "chicken and a
egg" syndrome.
June 19, 2007.


event for



PAGE 4, MONDAY, JULY 2, 2007



OIn brief

Cuba says
1960 CIA plot
reflects current
US policy
COMMUNIST Cuba's par-
liament said Friday that a 47-
year-old plot to assassinate
Fidel Castro still reflects the
reality of US policy toward
the island, according to Asso-
ciated Press.
CIA documents made pub-
lic this week described the
agency's recruitment of a for-
mer FBI agent in August
1960 to use mobsters and poi-
son pills to kill Castro.
"What the CIA recognizes
is not old history. It is pre-
sent-day reality and the facts
show it," stated a resolution
approved unanimously by
Cuba's National Assembly.
Acting President Raul Cas-
tro, seated next to the empty
chair of his recuperating older
brother, presided as the legis-
lature passed a declaration that
"the CIA documents reveal
part of the efforts to kill com-
rade Fidel Castro and bring
death and pain to our people."
"The conduct of the Bush
government clearly shows its
intention to keep employing
the worst possible tactics
against Cuba."
Revelations about the CIA
plot were among hundreds of
pages of CIA internal reports,
known as "the family jewels,"
released this week.
The documents show that
in August 1960, the CIA
recruited an ex-FBI agent to
approach mobster Johnny
Roselli to take part in a plot
against Castro, who took
power in January 1959.
The agency gave him six
poison pills, which they tried
unsuccessfully to have other
people put in Castro's food.
The plot was scrapped after
the failed CIA-sponsored Bay
of Pigs invasion of Cuba in
April 1961.

3 22-157 l,

Dr Bernard Nottage charged
that the government's National
Health Fund is inadequate to
meet the Health care needs of
Bahamians, as compared to the
former government's NHI
Dr Nottage, leader of oppo-
sition business in the House,
addressed health care matters
at the Speaker's Forum, held at
the Hilton last Wednesday.
The former health minister
said that "despite the fact that
NHI has gained the support of
the vast majority of Bahami-
ans," the FNM government,
which in opposition voted for
NHI legislation, has abandoned
the scheme in favour of a
National Health Fund.
This fund, he continued,
which seeks to assist with the
purchase of prescription med-
ication for specific chronic ill-
nesses, merely duplicates a pro-
gramme that is already in place.
"Patients in the Bahamas can
receive their medications free
of charge today from publicly
owned pharmacies, although
the process may be cumber-
some and inefficient," he said.
"Further, the elderly, even
now, are issued a med card,
which they can use to access
their free government supplied
medications. These medicines
are not restricted to specific dis-
eases either," he added.
Dr Nottage said that the cur-
rent system of public and pri-
vate health care in the
Bahamas, is inadequate as is
currently constituted.
"In The Bahamas, some say

he added.
The NHI scheme his party
laid out, which would see
employers, employees and the
government contribute to the
comprehensive health care
needs of Bahamians, would
eliminate the need for cook-
outs, Dr Nottage said.
And he emphasized that
"access to quality health care
regardless of economic and
social status is a fundamental

* BERNARD Nottage

that, health care is available to
all who need it, either through
the private or public health sec-
tor. This may very well be true.
However, the fact is that the
health services available in the
public sector is limited, and too
often do not meet the patient's
satisfaction. The health services
in the.private sector is often
considered better, but is too
often out of reach, even of the
insured, because of the cost,"
he said.
"Outside of this necessary
financing, the PLP believes that
governments in The Bahamas
are obliged, to remember that
more than 50 per cent of the
population has no financial pro-
tection through health insUr-
ance. This presents the chal-
lenge of providing access to
quality care for all Bahamians "
**! . .. ". ; .. ;, .i n e i.

The B



SRIDLEY Carroll, Realtor
Even with an active real
estate market in The Bahamas,
properties do not sell
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homes valued in excess of
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Earlier this
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health fund is


charges Nottage

-- -- ... .. .. ..

MONDAY, JULY 2, 200/, -AUit b



The new British government and

its future with the Caribbean

By Sir Ronald Sanders
(The writer is a business exec-
utive and former Caribbean

BRITAIN remains of
sufficient importance
to countries of the Caribbean

that many of them will be
deeply interested in how the
change of Prime Minister from
Tony Blair to Gordon Brown
will affect them.
The one person of Caribbean
origin in the Blair Cabinet,
Baroness Valerie Amos, has
gone but another person of
Caribbean origin has joined

This notice is to inform the general
public & our valued customers that
Ms. ANN FORBES is no longer
employed by LOWE'S ALARM
SERVICE LTD., and is no longer
authorized to conduct any form of

business on behalf of Lowe's Alarm

Services Ltd.


In Memory of The Late
Kent Evan Villiere Reid II

JULY 31, 1970 Irj ,
We kway vook for granted
What we thought we'd never lose
Because we nerer thought it would happen -
Till wt heard the dreaded news
They ay you were chosenfor#\ garden
11, precwuo hand picked bouquet .. .
God really needed him. that' .4;y he couldn't stay
Saving goodbye is neverfasy ,
it's the hardest thing to,. r
But what hurtn u% even WInre is not the chance o gay it to you
.So 1adal Jesus. as a1 ronare' tWening in y dX. home above
would Iout gon and find oe rent .
4nd g,\ him all our love. ...
Left to cherish his memories are wife Akira, Children, Kentira, Kent
III, Rashad and Rasheik, Parents Kent and Gloria Reid, host of
family and friends

Brown's Cabinet Baroness
Patricia Scotland.
Guyana-born Baroness Amos
held many positions in the Blair
administration including For-
eign Office Minister, Secretary
for International Development
and finally Leader of the House
of Lords. She has now been
nominated for the post of Euro-
pean Union (EU) special rep-
resentative to the African
Dominica-born Baroness
Patricia Scotland is the Attor-
ney-General in Brown's gov-
ernment. Undoubtedly, this is
a remarkable development. It
is the first time in British histo-
ry that a woman is Attorney-
General and the first time that a
black person holds this impor-
tant post.
Baroness Scotland had also
served the Blair government as
parliamentary under secretary
in the foreign office, parlia-
mentary secretary at the Lord
Chancellor's Department and
recently as Home Office Minis-
ter of State for the Criminal Jus-
tice system and Law Reform.

B between them, these
two Baronesses exer-
cised considerable influence in

attention is given

getting the Blair administration"
to' pa\ some-attention to the
Although Baroness Amos
has gone at Gordon Brown's
behest, the fact that he has pro-
moted Baroness Scotland to the
post of the government's senior
law adviser will help to retain
the votes of Caribbean people
in the UK who have tradition-
ally supported the Labour Par-
But, it is to the new Foreign
Secretary and other ministers
in the British foreign and com-
monwealth office as well as the
new International Development
Secretary that the Caribbean
will have to look to ensure that
it keeps what little attention is


given to Caribbean causes.
The new Foreign Secretary is
David Miliband. While there is
no record of his showing any
interest in the Caribbean, there
are indications that his views on
some issues coincide with the
expressed positions of
Caribbean governments. For
instance, even though Mr
Miliband's heritage is Jewish,
he has criticised both the US
and Israel over the Israeli attack
on Hezbollah last summer.
On climate change, which is
an issue of great concern to
Caribbean countries, because
of increased and more intense
hurricanes linked to global
warming, he has considerable
interest and is sure to push it as
part of Britain's foreign policy
agenda. He has also shown that
he is not reluctant to face up to
issues with the United States
and last year he made it clear in
a, speech in the US that the chal-
lenges of climate change

SSR R d Sdr
0 SIR Ronald Sanders

attend Cabinet meetings as nec-
essary. This is Malloch Brown,
who served as an aide to for-
mer UN Secretary-General,
Kofi Anan, and who was critical
of President George W Bush's
administration over Israel and
Lebanon. He will also have
responsibility for Asia and the
UN. In many policy areas such
as the middle-east and devel-
opment issues, Malloch Brown's
and many Caribbean govern-
ments should see eye to eye.
The other appointment that
should be of interest'to the
Caribbean is the Secretary for

..L .mentary no
announcement has been made
about Lord Triesman, the for-
eign office minister who had
responsibility in the Blair gov-
ernment for relations with
Africa, Latin America, the
Caribbean, Overseas Territo-
ries, and the Commonwealth.
But, at least one of his sub-
ject areas, Africa, has gone to
an interesting new foreign office
minister who, while he will not
be a Cabinet minister, will

International Development. He
is Douglas Alexander a close
political ally of Gordon Brown's
having served in the past as his
researcher and speech writer.
Alexander has been Minister
of Trade and Minister for
Europe, so he should be no
stranger to Caribbean issues in
the current negotiations with

the European Union (EU) for
an Economic Partnership
Agreement. To underscore
Alexander's importance, Gor-
don Brown has also appointed
him the coordinator of the
Labour Party's strategy for the
next general election. He will,
therefore, wield considerable

A s for the new Prime
Minister himself, he
has shown little interest in the
past in Caribbean matters. And,
it will take some doing for the
Caribbean to engage his atten-
tion for two main reasons.
First, he now has both eyes
on establishing himself in the
minds of the British electorate
as the man best able to lead
them after the next general elec-
tions. In this, he has a fight on
his hands and the opposition
Conservative Party has wasted
no time in making his life
uncomfortable. Brown has set
himself an agenda for change
- change in education, health
and housing particularly. It is
an agenda that will occupy his
every waking moment.
Second, throughout his peri-
od as Britain's Finance Minister,
Gordon Brown's overseas pre-
occupation has been poverty in
Africa. This is unfinished busi-
ness, and the Caribbean will
recede deep into the back-
ground as he struggles to tackle
it under pressure from several
vocal and influential non gov-
ernmental organizations.
If the Caribbean is to engage
this new Brown government,

much work has to be done at
the diplomatic and ministerial
levels. And, the help of the
Caribbean Diaspora in the UK
will be vital, particularly as gen-
eral elections approach.
Responses to: ronald-

The Grand Bahama Power Company, Limited invites qualified candidates to apply
for the position of Technician II (Instrument) in its Generation Department.
This position works under the direction of the department's supervisor and performs tasks
related to maintaining, installing calibrating and troubleshooting digital, electronic, pneumatic
and electrical system components, and their input and output devices, used to control, power
and operate power plant equipment.
The successful candidate will be expected to:
* Demonstrate thorough knowledge of power plant systems, processes and components
including electronic, digital, pneumatic and electro-hydraulic equipment used to control,
monitor and operate systems.
* Demonstrate thorough knowledge of various analyzers, for example, but not limited to CO,
02, CEMS, pH, conductivity and opacity.
* Program and install flow computers, analyzers, recorders, etc.
* Quickly learn, understand and use new repair and maintenance techniques.
* Read,blueprints, ladder logic diagrams, wiring diagrams, etc. to troubleshoot, locate or
reroute equipment.
* Disassemble and reassemble all types of instruments including PRVs, control valves,
transmitters (pneumatic and smart), recorders, etc.
* Troubleshoot complete control systems, analytical equipment and electrical systems to locate
malfunctions and defects down to component level, repair and replace as needed.
* Develop and implement safety policies and operating procedures.
* Draw and interpret diagrams and charts and use various instrument testing equipment.
* Associates Degree or its equivalent in Electronics, Electrical Technology, Instrument & Control
Technology or related trade.
* Minimum of five (5) years experience at a Technician level in the Maintenance Department of
an industrial facility.
* Possess good technical understanding of instrumentation, electrical systems and mechanical
* Trained in the maintenance of power plant equipment.
Applications with supporting documentation including a clean Police Certificate and proof of
Bahamian citizenship should be sent to:

K" 9d nwFgW&9 I




In its continuing effort to improve its



The Bahamas

Telecommunication Company Ltd. (BTC)

wishes to inform its valued customers and the

general public, that BTC will be performing an

equipment upgrade to the GSM cellular

platform. Beginning Friday June 29th Sunday

July 15th, subscribers in Grand Bahama and

New Providence may experience an interruption

in both Post Paid and Pre Paid GSM services.

BTC apologizes for the inconvenience caused,

and assures the public that every effort will

be made to keep this disruption of service to a


It is to the new Foreign Secretary
and other ministers in the British
foreign and commonwealth office
as well as the new International
Development Secretary that the
Caribbean will have to look to
ensure that it keeps what little

to Caribbean If the Caribbean is to engage this
new Brown government, much
work has to be done at the diplo-
_rnd strongileadership" matic and-ministerial levels.-And,
o Washington if they '' the help of the Cai bean ,iaspsra

in the UK will be vital, particularly
A s I write this com- as general elections approach.

PAGE 6, MONDAY, JULY 2, 2007



In brief

Puerto Rico
court not to
hear appeal
on legislature

San Juan
PUERTO Rico's Supreme
Court declined to hear an
appeal of a voter-endorsed plan
for a new unicameral legisla-
ture that was blocked by the
island's House of Representa-
tives, according to Associated
"Any other decision on our
part would be opposite to the
democratic system of govern-
ment and to the Constitution
that we are sworn to defend,"
Chief Justice Federico Hernan-
dez Denton wrote in -Friday's
23-page decision.
In a July 2005 referendum,
voters in the US Caribbean ter-
ritory overwhelmingly approved
the concept of reorganising the
legislative branch under a single
house, saying it would stream-
line government and reduce
political infighting.
Opponents said it would cre-
ate a system that would be less
open and democratic, with few-
er checks and balances.
The 27-member Senate had
approved a bill allowing for
another referendum on the
issue. But in January the larger
House voted not to take up the
measure, effectively killing it.
Senate President Kenneth
McClintock said the court's
decision affirmed that the 2005
referendum had created "exag-
gerated expectations" among
voters that a one-house legisla-
ture would be established.
A group backing the plan said
it would continue to lobby for a
unicameral congress.

Outrage as
former police
captain is
Santo Domingo
.. AN,pex-plice captaij.4 s
6een exonerated and freed'i&6fro 'i 'i-
prison in the 2004 slaying of his
brothers-in-law, his attorney
said Friday, according to Asso-
ciated Press.
Relatives of the two victims -
Harry Sanabria, a 43-year-old
metal worker from Stormville,
New York, and Dominican tai-
lor Hector Garcia expressed
outrage at a panel of judges'
decision to overturn ex-Capt.
Eleccio Soto Roa's murder con-
"All the healing that had tak-
en place has just gone by the
wayside," Diana Sanabria, sister
of one of the victims, said by
telephone from New York City.
The men were killed while
. riding in an SUV with Soto Roa
near the northern city of Cabr-
era on July 4, 2004.
A witness testified at two tri-
als that he heard gunshots from
inside the vehicle, saw it crash
into a tree and then saw Soto
* Roa emerge from the back seat
and flee with a gun in his hand,
according to Mercedes Pena
' Javier, a lawyer for the victims'
', families.
After the initial conviction,
Soto Roa was thrown off the
police force and sentenced to
20 years in prison.
But in a June 22 trial ordered
by an appeals court, judges
ruled that evidence had not
been properly filed and refused
to consider the results of a bal-
listics test, lawyers for both sides
told The Associated Press.
Chief Judge Wendy Altagra-
cia Valdez declared Soto Roa
not guilty of voluntary homi-
cide, and ordered the charges
'* dismissed and his court costs
, compensated.

I'm not worried about

the PLP's election challenge

Tribune Freeport Reporter.
MP Zhivargo Laing says he is
not at all worried about the
impending election court pro-
ceedings in reference to peti-
tions filed by the PLP to con-
test his constituency seat in
Grand Bahama.
The Minister of State for
Finance said that while it is
their right under the law to
oppose the results of the May 2
general elections, "the FNM
will do what it has to do to
defend its cause in the courts".
. The Progressive Liberal Par-
ty has filed petitions contest-
ing three seats the Pinewood
and Blue Hills
constituencies in New Prov-
idence, and the Marco City
constituency in Grand
The seats were officially won
by the FNM by a small mar-
gin less than 100 votes. In
Marco City, Mr Laing
defeated former PLP MP
Pleasant Bridgewater by 47
The FNM won 23 seats to
the PLP's 18. Wayne Munroe,
counsel for the PLP, has stated
that the petitions are primarily
based on the party's assertion
that non-citizens voted in the
election, along with persons in
constituencies where they did
not live.
Mr Laing, Blue Hills MP
Sidney Collie, and Pinewood
MP Byran Woodside were all
served with writs last week.
While in Grand Bahama on
Friday at the opening of his
constituency office in the Sun-

rise Shopping Centre, Mr
Laing met with his supporters,
residents of Marco City, and
the news media.
Asked how he felt about the
election court proceedings he
responded: "I believe there
are many rights that people
have in this country under the
law, and obviously the opposi-
tion had decided to exercise
that right.
"It doesn't concern us what-
soever. We have done and are
doing our due diligence, and
we believe that the basis of the
petitions is unfounded. But, we
are going
to do what we have to do to
defend our cause in the courts.
"For the time being, we are
really focused on representing
the people of Marco City and
doing what is necessary for
them and what advances this
community, that is my focus at
the moment," said Mr Laing.
Mr Laing said that $100,000
has been allocated in the Bud-
get for the residents of Marco
"We are working feverishly
on organising how to spend
that $100,000...for the resi-
dents of Marco City," he
Although Mr Laing had
opened his campaign office at
the same venue before the
elections, he explained
that they are now officially
launching the Marco City MP's
"We have developed some-
thing that all residents of Mar-
co City can feel free to come
and meef with the MP to
obtain information about the
activities, functions, and plans

* MARCO City MP Zhivargo Laing, Minister of State for Finance, is seen with a constituent at
the opening of his MP's office on Friday in the Sunrise Shopping Center complex
(Photo: Sharon Williams-Turner.)

of the MP," he said.
He said that residents also
will be able to obtain informa-
tion about Bills being debated
in Parliament, receive infor-
mation about laws that have
been passed, and make input
into things happening in Par-
Mr Laing said the office also
has a computer area and a
mini-library available for the
residents of
Marco City.
"We want this to be a place
where 'they can come and
access information from the
Internet. We also provided a
mini-library so residents are
able to borrow books from
here, and return them.
"This (office) is just really to
provide a central place for

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exchange of information
between myself and the resi-
dents of Marco City so that
whatever concerns they might
have, they are able to voice it
even if I am not here, which is
important because my ministe-
rial responsibility has me in
Nassau almost five days out of
the week," he said.
Mr Laing also will be initiat-
ing programmes and activities
for the young and elderly.
He said they are working on
establishing a Marco City Schol-

arship Fund, which they plan to
launch next month.
"We expect that to be seeded
with about $5,000 with the abil-
ity to give at least five students
going to college $1,000 each.
We are also working on a sum-
mer programme called the
"Whole Person Summer Youth
Camp," which focuses on help-
ing young people with emphasis
on various areas of their lives -
physical, intellectual, social, and
relational," he said.

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MONDAY, JULY 2, 2007, PAGE 7


Passing out for youth service




* GRADUATES of the National Youth Service Restorative Programme Junior Life Division
carry the Bahamian flag above their heads before raising it to launch the start of the Passing Out
Ceremony on Friday in BARC, North Andros. Forty-one young men completed the nine-month
course to improve their academic, physical and social skills.

* GRADUATES of the National Youth Service Restorative Programme Junior Life Division
march past ,


* FROM Left: Minister of State in the Ministry of Social Development Lor'etta Butler-Turner,
Vincent Peet, member of parliament for North Andros and the Berry Islands, and Neville Wis-
dom, former Minister of Youth, Sports and Culture, are shown in attendance at the ceremony

* MINISTER of State in the Ministry of Social Development Loretta Butler-Turner delivers the
keynote address at the ceremony

* GRADUATES of the National Youth Service Restorative Programme Junior Life Division
drop to their knees and snap a salute during a drill


* NATIONAL Youth Service Restorative Programme Junior Life Division graduate Ricardo But-
terfield, 16, goes up for a high-five with his mother Druscilla Butterfield, as they celebrated togeth-
er after his Passing Out Ceremony. Ms. Butterfield was elated over hearing the news of her son's
3.1 grade point average score and hopes to secure a scholarship for him in a school in Grand

* GRADUATES of the National Youth Service Restorative Programme Junior Life Division
remove their berets during a drill

* National Youth Service Restorative Programme Junior Life Division graduate Shaquille Poitier,
13, gets a big embrace from his mother Marina Poitier
(Photos: BIS/Tim Aylen)

PAGE 8, MONDAY, JULY 2, 2007




* Terry Fountain- President of Cancer Society of the Bahamas, Toni Gad Island Manager at Dia-
monds International, Anthony Smith Marketing Manager at Diamonds International
(Photo by Sandra Ford)

Jewellery firm

donates to

Cancer Society

A LOCAL jewellery store
yesterday pledged its commit-
ment to support individuals with
Diamonds International pre-
sented a donation to the Cancer
Society of the Bahamas during a
press conference at its head-
quarters in Beaumont House.
Toni Lad, Island Manager of
Diamonds International, said
that the donation will assist indi-
viduals with cancer and will in
some way help to alleviate some
of the mental, emotional and
financial stress that cancer
patients go through during this
"This cheque presentation
would not have been possible
without the commitment and
support of Diamonds Interna-
tional staff in this initiative."
According to Ms. Gad, 15 per
cent of all local sales made dur-
ing the month of May was
donated to the Cancer Society.
Senior Promotional Officer,
Peter Rahming of Diamonds
International's social club, said

that the company has also orga-
nized an incentive to donate
blood for the blood bank at
Princess Margaret Hospital.
According to Mr. Rahming,
this event is projected to be held
annually in conjunction with
other like-minded corporate cit-
izens such as Vitamalt, Guin-
ness, The, Burns House Group
of Companies and Gippy's
printing, all supporters of the
blood drive, which is to take
place on July 5th at the Dia-
monds International board
room in Beaumont House, Bay
Terrance Fountain, who
received the donation on behalf
of the Cancer Society, said that
there are many challenges faced
by the Cancer Society, such as
financing and voluntarism.
"Persons are not volunteer-
ing at the level they used to in
the past. There are a number
of areas that persons can vol-
unteer to assist with, as we offer
training for those persons who
are interested," he said.
However, hd added that the
cheque will be used to offer fur-

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MONDAY, JULY 2, 2007, PAGE 9



Grand Bahama's Red Rose Ball is

THE Red Rose Ball brought
out some of Grand Bahama's
most prominent and influential
people last weekend.
An evening of jazz, the affair
with an all-white colour scheme,
was held on Saturday, June 23,
in the Pavilion at the Westin
and Sheraton at Our Lucaya,
hosted by Colinalmperial and
the Red Rose Ball Committee
and sponsored by BTC, Sun-
bound and Bristol Wines and
The event was the first cock-
tail reception held by the Red
Rose Ball committee, in a con-
tinued effort to raise funds for
the awareness of HIV/AIDS in
Grand Bahama.
The cocktail reception began
at 6pm by moderator Lin Glin-
ton, co-chairman of the Red
Rose Ball Committee to the
sounds of sultry jazz played by
DJ Elvis Andrews.
As guests arrived members
of the Red Rose Ball Commit-
tee greeted them and invited
them to cocktails.
At 7pm the melodious sounds
of Shelly Carey and Friends
began as supporters took to the
dance floor. The night of enter-
tainment flowed with exhilarat-
ing jazz music, fine wine and
good company. Additional
entertainment was provided on
the violin by Ms Africa
Karamo, an experience most
Bahamians are not fortunate to
The decor for the event was
second to none. The idea was
to transform the Pavilion into
an outside gazebo with white
organza flowing in the breeze
around the perimeter of the
outside of the room. The panels
of organza were accented with
bamboo poles. Inside the tables
were covered with white linen
and organza ties around the

* CO-CHAIRMAN RRB committee Lin Glinton chatting with Dr Duranda Ash, Minerva
Kemp, Angela Burrows and Joyce Gage.

were added to each arrange-
The most amazing attraction
was the clutter of dried tree
branches pouring out of the
chandelier with an array of
floating votive candles in mid-

Two Bamboo bar surrounds
with thatched roofs and clear
chandelier bulbs were place
around the hotel bars with
white urns to display a cluster of
8' tall bamboo poles. Many
candles were placed on the cre-
denza and tiki torches outside to
add to the atmosphere. With all
of this in place, the theme of a

"Tropical White Reception"
came to mind for all attending.
The decor was courtesy of Sun-
bound, one of the sponsors of
the event.
Presenters for the evening
were Mrs Mavis Ward of the
Grand Bahama AIDS Aware-
ness Committee giving a brief
synopsis on the statistics of

* PRESENTATION to sponsor BTC representative, Marsha
Cooper, from RRB committee chairman Odette Knowles and
RRB committee finance officer, Minerva Kemp.

elbow high cocktail rounds.
Natural coloured bar stools
were placed at the elbow high
tables and natural coloured
chivari chairs with white pads
were placed at the low cocktail
rounds. A bundle o4 bamboo

and white orchids tied with raf-
fia as centrepieces on a palm
frond were placed on the low
tables and the same type of
bundle was placed standing tall
on the elbow high cocktail
tables. Small votive candles

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Grant from RRB chairman M THE Red Rose Ball Committee members: Oswald Ellis,
Odette Knowles and RRB Kenya Laing, Angela Burrows, Eunece Morris, Odette Knowles,
committee public relations Minerva Kemp, Lin Glinton, Samantha Green, Nichole Woods,
officer, Eunece Morris. Jeroma Knowles Dashwell Flowers.

Dowdeswell Street
Telephone: 322-2100






The Bahamas Telecommunications Company

Limited (BTC) wishes to apologize to our

valued customers and the general public for

the interruption of service experienced on

June 27th, 2007 that affected toll calls to and

from Andros, The Bahamas, due to a break in

BTC's link cable.

BTC technicians have resolved this problem and

all services are now fully functional.

Once again,

BTC apologizes

for any

inconvenience caused and appreciates. your

patience. BTC thanks the public for their

continued support as we keep you connected to

the world.

4y Santander

Has an immediate vacancy for a
The successful applicant will be responsible for programming, analyzing and application
development of various applications used by the Bank. He should have developmental experience
with other banking applications.
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2 5 years experience in a bank or other financial institution.
3 Experience in visual basic language and SQL database.
2. Knowledge of Unix, LINUX and Windows 2000/XP.
Knowledge of Globus and 4 Series banking application, programming and administration.
Fluency in Spanish.
Applications in writing with details of education and experience should be addressed to The Human
Resources Manager, P.O. Box N-1682, Nassau, Bahamas not later than date July 12,2007.


PAGE 10, MONDAY, JULY 2, 2007



declared success

N MARSHA Cooper, senior associate of public relation at BTC, and Mr Cooper, an Employee of
the Year, BTC Mrs. Cathy Williams and Mr Williams.

HIV/AIDS in Grand Bahama,
and encouraging the communi-
ty to continue in the fight
against HIV/AIDS. Also, Mr
Derek Sands, chairman of the
Grand Bahama AIDS Aware-
ness Committee, also gave a
brief update as to how the funds
raised will be spent and thanked
the supporters for their support
to such a worthy cause.
During intermission it was
time for the raffle and give-
aways, sponsored by BTC. All
those attending had the oppor-
tunity to win one of'the many
cellular phones donated by
BTC. Some of the winners
were Dr Paul Ward, Dr
Catherine Adderley, Mrs
Monique Wilchcombe and Ms
Eunece Morris.
Then it was time to recognize
the sponsors by presentation of
awards by the Red Rose Ball
Committee's chairman, Mrs
Odette Knowles. The sponsors
were each given a crystal award
thanking them for their spon-
sorship of the event. Mr Dash-
well Flodwers executive chai[-
man of the Red Rose Ball Com-
mittee, gave remarks on behalf

* PICTURED left to right are Mr and Mrs Barry Malcolm, Mr
David Wallage and Mrs Carla Hanna-Wilson.

of Colinalmperial, host of the
event and thanked all for
aii endin
All suppdters' continued 'to-

danc' through the night as the
DJ ; tempted to end the
evening on kshedule with .*oiie
soca music. '

.tw uiAL M


1" Place Winners "King Fish" were the recipients of a
Sea Doo GTI SE Personal Watercraft, donated by

Pictured Left to Right Loran Pytrom & Sam IEvans
Marlin Marine, Glenn Haab- Bombardier
Recreational Products and the Winning Team Paul King,
Adam Dann, Chris Lloyd, Kristian Kwiecinski and Richard King.


Abaco Beach Resort & Boat Harbour
Allied Caribbean Ltd.
Anthony's Caribbean Grill
Audio Concepts
Bahamas Bus & Truck
Bahamas Ferries
Bahamas Food Services
Boone Bait Co.
Bombardier Recreational Products
Bristol Wines & Spirits
Brown's Boat Basin
Callenders & Co.
Caribbean Beverage Ltd.
Comfort Suites- Paradise Island
Crown Jewelers
Damianos Realty Ltd.- In Memory of
. "Jay"

Data Systems nt'l.
Deloitte & Touche
Disston Realty
Robert Dunkley
Elgin Marble Ltd.
Esso on The Run- Bay & Fowler
Florida Air Cargo
Graham Realty Ltd.
Graham, Thompson & Co.
Harbourside Marine Ltd.
Kentucky Fried Chicken
King & Co.
Lighthourne Marine Ltd.
Magic Photo
Master Technicians Ltd.
Montagu Gardens Restaurant .

Nautilus Water
Phoenix Aviation /Million Air
Purity Bakery / Bacardi Rum Cakes
Prime Bahamas Ltd.
Rocky Farms Nursery
Royal Bank of Canada Commercial
Banking Centre
Salty Dog Rod & Reel Repair
Sandals Royal Bahamian
Sun Tee Mfg. Co. Ltd.
Super Club Breezes
Super Value Food Stores
Thompson Trading Co. Ltd.
Thriller Power Boat Tours Ltd.
Mr. & Mrs. Donald Tomlinson
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MONDAY, JULY 2, 2007, PAGE 11

Atlantis is accused of not paying millions for woodwork Cocaine
FROM page one
FROM page one that Mr Ingea said he was "whatever's left over" after oth- paid his Lebanon-based staff. there was poor workmanship The vessel intercepted Friday
paid. er bills are paid off a state- "What I had budgeted from others, we did repairs," he may have been one of hundreds
Mr Ingea said the dispute has In June, when he "finally" got ment which he found startling. $150,000 for, they said would added. This included work in of boats aiming to deliver cocaine
put the family business under a meeting with PCL, which he Previously, Mr Ingea alleges, cost $2.5 million," said Mr May to correct details in the to the US market. AP reports
enormous financial strain as hoped would be an opportunity he was ignored as he sought Ingea. Royal Suite prior to a visit from that most US-bound cocaine still
banks continue to knock at his to settle his account, he was told for months to get written con- The air freight charges came Oprah Winfrey. heads for the country by sea,
door. that he would not be paid the firmation that the air freight and after those managing the pro- Mr Ingea claims the handling often weaving through the,,
Now conversations between amount he had asked for as he labour costs would not be borne ject said that shipping materi- of the situation is unlike any Caribbean on its way.
Kerzner's legal counsel and was to be charged $1.3 million by his company. als by sea, as had been speci- previous experiences he has had
his lawyer have allegedly for additional air freight costs, Although he received verbal fied in his contract, would be working on numerous hotels *
returned the response there and $2.2 million for additional assurances from PCL staff, e- too slow. According to Mr worldwide.
will be "an answer by the end labour costs both unanticipat- mails sent and copied to PCL Ingea, he agreed to the idea, He added that he still believes D ialySis
of the month" as to whether ed "rush" expenditures that he and Kerzner International but had no involvement in The Cove represents "an out-
he will get paid what he says believed Kerzner Internation- employees were largely unheed- choosing the carrier, or arrang- standing achievement by Kerzn- FROM page one
he is owed. But the experi- al, being the authority pushing ed, he alleged. ing payments. PCL, at the er and its subcontractors", and
enced business owner says this the new hotel's rapid comple- He claims he was told that behest of Kerzner, took charge still hopes that "common sense the Princess Margaret Hospital
is too long considering the cir- tion, would bear. the $2.2 million labour charge of all of this, he alleges. He then will prevail" in the matter. Foundation," said Tameka S.
cumstances, and he has This was despite the fact that was to pay a group of carpen- heard nothing about it until The Cove opened with much Forbes, Senior Manager Busi-
already heard "too many five months earlier, a Kerzner ters that Kerzner brought in. June 24, he said. fanfare in May, although visi- ness Development, PR and.
excuses." official assured him that they However, the only reason they In addition to these unex- tors had been renting suites Legal Affairs at the bank.
His firm the lowest bidder would cover the air freight costs had to be brought in was pected charges, Mr Ingea said since April. Since that time, "As your Bahamian Bank,"
- was contracted in 2006 to themselves, Mr Ingea said. He because Kerzner failed to that his company is not being there has also been dispute she said, "we support this very
carry out the wood work fin- produced what he claimed was secure sufficient work permits credited for innumerable ad hoc over payment on behalf of a worthwhile charitable initiative..
ishings inside The Cove, a copy of an e-mail from the for his team. jobs done at the request of PCL significant proportion of the We especially congratulate Mark '
including details in the lobby, official as proof of this. "It started very politely: managers between February hospitality staff, including Roberts for starting this drive; he
as well as doors and cabanas. "Last Friday (June 24) I 'We're in a hurry, work permits and May. "They increased the housekeeping and restaurant exemplifies the Bahamian spirit,
"Our pricing was good, our received this document saying I are being delayed, we hope you orders every two or three days," workers. As of two weeks ago, at its best. His spirit is indicative .
quality was good," said Mr was to be back charged. This don't mind...but (the carpenters he said. "We went on in good this matter had not yet been of Bank of The Bahamas Inter-
Ingea. was the first written document brought in by Kerzner) will help faith without asking for any resolved, national's own drive to offer the
Now, he said, it appears that I'd ever received regarding a you out. Don't worry you won't advance payment," he said. Vice president in charge of very best products and services
by demanding the $3.5 million back charge that's not how it have to pay'." His workforce went about public relations at Kerzner to our clientele."
Kerzner are "asking for every- works." Due to these workmen's satisfying these demands often International, Ed Fields, said The fund was launched by Mr,,
thing we've done since Feb- He claims a senior PCL staff country of origin suggested to working long, unsociable hours yesterday that the company has Mark Roberts of the Tile King
ruary for free pretty much member told him at that June be the US or Canada their on weekdays and weekends. no comment to make on Mr and FYP, The Tribune, its radio:
that's what it equates to." meeting that they were over wages are much higher in com- "My guys worked at 150 per Ingea's claims as "this is a mat- station 100 JAMZ and its part-
February was the last month budgeted and would pay him prison to what he would have cent," said Mr Ingea. "Where ter of legal dispute." ners, radios Joy, and Cool FM.

Christie oes on offensive Guana Cay campaigners slam BNT.
Chite wsonofnsv:g

FROM page one
Mr Christie expressed sadness
over the event, and governmen-
t's meddling with the Urban
Renewal Project during his
weekly web chat.
"Too many Bahamians have
already suffered at the hands of
this new FNM government," the
opposition leader said.
"This recent event has dis-
turbed me greatly and under-
scores the serious consideration
that must be given to who they
are voting for and why," Mr
Christie added.
At the time of the murder,
Mr Christie said he was speak-
ing on the "urgent" need to
return officers to the various
Urban Renewal centres at
Worker's House.
Prominent individuals such as
Police Commissioner Paul Far-
quharson and the head of the
Anglican Church, Archbishop

Drexel Gomez have lauded the urban renewal has done to
programme as a bold social change Nassau Village", with
intervention in the lives of troubled young men coming to
Bahamians, Mr Christie empha- police officers involved in the
sized, in defense of the initia- scheme.
tive he created and championed. The Tribune was not able to
A neighbour of the deceased, reach National Security Minister
who wished to remain anony- Tommy Turnquest for com-
mous, blamed the new govern- ments on Mr Christie's remarks.
ment for their handling of the However, government had pre-
Urban Renewal programme viously announced that there
since coming to office, would be changes to the Urban
"I couldn't believe it when I Renewal programme.
found out what happened last Last Thursday, police rolled
night. I ain't want start anything, out their new neighbourhood
but before the election a police policing programme, which
car was always.pgrk up in front seeks to divide the island of New
.(of ihe centie).': Providence into zones, placing
"If that place was open, this more officers on the,streets and
wouldn't a happen," he claimed, in direct contact with commu-
Mr Christie's criticism of the nities.
government comes after PLP A further component of this
MP for the area Kenyatta Gib- plan is to ensure that each zone
son also bemoaned govern- has the necessary allotment of
ment's alteratipn ofthte pf- police cars and bicycles, to
gramme. Mr gibson said last ensure that there is a heightened
TFriday, that he has "seen what '- and'sustained police presence.

FROM page one
SGCR alleges that the devel-
opment, which they have rigor-
ously opposed since 2005, has
damaged the environment of
Guana Cay by clear-cutting
every tree in a 100 acre area;
removing more than 70 acres of
mangroves; destroying crabbing
grounds; and disturbing turtle
nesting grounds through beach
SGCR is also particularly
opposed to the creation of a golf
course within 50 yards of reefs,
which they claim will destroy
the structures.
Glenn Bannister, president
of the BNT, on accepting the
pledge, said that the trust had
visited the development ear-
lier this year and was
impressed by the develop-
ment's efforts in following the
best environmental manage-
ment practices.
Ko this SGCR responded:

"SGCR has secured the
professional services of some
of the best known scientists in
the region and all of them are
certain that a golf course with
its associated fertilizers and
chemicals this close to a liv-
ing coral reef is a recipe for
disaster. All of these scientists
have no personal interest in
the project and none of them
were paid for their work. They
have all stated uncategorical-
ly (sic) that this golf course
will kill the reef at Baker's
Bay and beyond."
The $1.2 million donation by
Baker's Bay to the BNT comes
in two parts. The BNT will ini-
tially receive $200,000 a year
for three years. These funds will
be used to assist with the man-
agement of national parks
throughout the country, with
special emphasis on projects
around Great Guana Cay and
the Abacos.
The developers will issue a

second three year grant of the,
same amount to the BNT,
based on their performance in
meeting the objectives of the
outlined mission.
In May of this year, after a
series of legal challenges, SGCR.
lost a bid in the Court of.
Appeal to have construction on
the resort stopped.
Despite this setback, SGCR.
warns the BNT not to allow'
money to blind them to the dan-'
gers of the development.
"You only have.to look at
the pictures or visit the island.
to see how this mega-develop-'
ment is going to destroy this
beautiful Bahamian treasure..
Please do not be blinded by the,
money Bahamas. Baker's Bay,
has lots of money to throw,
around and they can buy lots oft
friends. But with all the money-,
they have, they cannot replace."
a living coral reef. They can-
not replace mangroves and the.;
associated fisheries," they said.'

Lloyd's of London Silver Medical Plan

International Health Insurance for persons 50 to 85 years of age

I-- -'

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_ I I I I.1

PAGE 12, MONDAY, JULY 2, 2007


M6%11 l. 1 40 a ... -- -. -

Drug warriors call Venezuela path of

least resistance for Colombian cocaine

swoops low across the open
waters south of the Dominican
Republic, and three men in a
fishing boat haul in the airtight
bales that have just splashed
into the waves, according to
Associated Press.
Suddenly the men spot a US
plane and British helicopters
overhead. Video shot by their
pursuers and seen by The Asso-
ciated Press shows the men
hurling the parcels overboard
and trying to flee, but their
motor dies. The men are picked
up by a Dominican cutter while
a British navy helicopter recov-
ers a half-ton of cocaine.
Tracked by US surveillance,
the May 12 flight originated in
Venezuela, which US, Euro-
pean and Colombian counter-
narcotics officials say has
become the path of least resis-
tance for.smugglers of Colom-
bian cocaine.
The drug shipments are flow-
ing nearly unhindered from
Colombia into Venezuela, then
leaving by the ton on ships and
planes making deliveries for the
multibillion-dollar US and
European markets, the officials
say. They say high-level cor-
ruption has also helped make
Venezuela a major haven for
drug smugglers running from
the law.
The cocaine passing through
Venezuela on President Hugo
Chavez's watch has risen by as
much as 30 tons a year since
2002, reaching an estimated 300
tons in 2006, according to US
Ambassador William Brown-
field. That's roughly a third of
the world's supply.
"Caracas is replacing Bogo-
ta (Colombia's capital) as a cen-
ter of everything related to drug
operations," said Mildred
Camero, who was Venezuela's-
top anti-drug official until she
reported high-level corruption
> and was dismissed in 2005.
Venezuelan airports have
become such sieves that air-
borne smuggling almost all of
it from Venezuela now
accounts for about 30 per cent
dacocaine and heroin traffic out
of the Andes, compared with
10 percent two years ago, said
US Adm. Jeffrey Hathaway,
Outgoing director of the multi-
national command that coordi-
nates drug interdiction in the
Of 46 suspected drug flights
detected in the Caribbean by
PS surveillance in the first four
months of 2007, all but six orig-
inated in Venezuela.
I "It's worrisome. It's historic,"
said Jose Luis Santiago Vas-
concelos, who was Mexico's top
organized-crime prosecutor last
year when 5.5 tons of cocaine-
was seized on a DC-9 jet from,
Venezuela. Not since the 1990s
had cocaine come to Mexico in
such big planes. In February,
another ton was seized in Mex-
ico on a flight from Caracas.
Chavez says the steady bar-
rage of US condemnation on
the issue twists the facts "to
demonize our government" and
ignores the fact that trafficking-
and drug-related corruption in
Venezuela preceded his admin-
"We've landed the strongest
blows against drug trafficking
ii all of Venezuelan history,"
lie told the AP in a June 9 inter-
view, citing increased seizures
including 142 tons of cocaine
seized in the past three years
and claiming determined efforts
are being made to weed out cor-
Most US-bound cocaine still
moves north by sea often in
synchronized combinations of
speedboats, trawlers and
freighters via the Caribbean or
eastern Pacific to Mexico and
Central America, then crosses
the U.S. border by land.
But as Mexico cracks down
on land shipments, and author-

* IN this picture released by the US Coast Guard, bales of cocaine seized four days earlier off the
coast of the Dominican Republic are watched over by a US DEA agent, during the transfer
process from a Coast Guard cutter to a DEA vehicle bound for a Federal evidence vault, in San
Juan, Puerto Rico

ities get better at high-seas
interdiction the helicopters in
the May 12ibuiist came off a
British ship in the area -
Venezuela is increasingly pro-
viding an alternative, counter-
drug officials say.
Most Europe-bound cocaine
is believed to pass through
Venezuela,- sent-aboard ships
and jets 727s, DC-8s and Gulf-
streams to west African
nations where enforcement is
often weak and easily bribed,
Hathaway said at the com-
mand's headquarters in Key
West, Florida.
"The reason it is very hard
for us to stop these flights is that
the aircraft look like, smell like
and act like legitimate com-
mercial flights," said Hathaway,
a US Coast Guard rear admiral
who retired in May as head of
the Joint Interagency Task
Force-South. "There is either
no capability or no desire for
Venezuela to halt these air-
-The multinational command
gets its human intelligence from
drug and customs agents on
three continents. Its ships,
planes, spy satellites and over-
the-horizon radar scour 42 mil-
lion square miles of high seas
from the mid-Atlantic to the
eastern Pacific. Partners cur-
rently include France, Canada,
the Netherlands, Spain and
Also participating are all the
drug-producing Andean nations
except Venezuela, which has
not sent a replacement since its
liaison, an air force colonel,
retired early this year.
Like the plane that made the
May drop, drug flights from
Venezuela are almost exclu-
sively detected through aerial
surveillance, Hathaway said,
and almost always race back
after dropping off their cargo.
In the 12 months leading up
to Sept. 14, 2004, US surveil-
lance tracked 38 suspected drug
flights from Venezuela to the
Caribbean, Mexico and Central
America. The following year,
that number grew to 64, and the
next to 115. In the 6 1/2 months
up to March 31, 2007, there
were already 99 more.
Venezuela's Anti-Drug
Office -chief, Col -Nestor
Reverol, says well over 200
National Guard soldiers have
been dismissed in an anti-cor-
ruption purge, some officials
have been jailed and Venezuela
actively cooperates with a range
of countries beginning with
Colombia, where most of the
world's cocaine is produced.
In September, for example,
Dominican agents acting on a
tip from Venezuelan authori-
ties seized 2.4 tons of cocaine
in a Belgium-bound shipping
container. Last month,
Venezuela seized 2.5 tons of
cocaine as smugglers prepared
to load it onto an Africa-bound
private plane on Margarita
Island. Among those arrested
were six police officials.
"Wefre taking actions. We
aren't standing by with our arms

crossed," Reverol said.
But senior Colombian police
-and military officials report
scant cooperation from the
Venezuelans on drug interdic-
And Antonio Mazzitelli of
the UN Office on Drugs and
Crime, who is responsible for
western Africa, said he knew of
no busts or seizures in his region
that stemmed from information
provided by Venezuela.
"The majority of the big
seizures have been because a
plane broke down" or because
of Spanish or French high-seas
interdictions, he said by phone
from Dakar, Senegal.
A Dutch naval intelligence
officer on the Caribbean island
of Curacao, Lt Cmdr. Frank
Hermans, lamented the scarcity
of shared intelligence from
Venezuela, which is about 40
miles away: "We only
encounter targets of interest
coming from Venezuela due to
Drug traffickers have always
developed new routes and
smuggling methods as law
enforcement catches up to the
old ones. uis
In the early 2000s, they began
using supercharged speedboats
to whisk loads of up to 5 tons of
cocaine out of Colombia and
Ecuador, to waiting ships. But
smugglers increasingly looked
to Venezuela as U.S.-Colom-
bian naval coordination
improved and tools such as
infrared sensors boosted high-
seas seizures.
Small planes now commonly
dash into Colombia from
Venezuela or Brazil, pick up
drugs and vault back into
Venezuela, where they often
can land at commercial airports
and avoid clandestine airstrips,
said a senior Colombian police
official who spoke on condition
of anonymity because of politi-
cal sensitivities.
Sometimes they do not make
it. Two people were killed and a
half-ton of cocaine recovered
when a Venezuelan-registered
Cessna crashed near the east-
ern town of El Tigre on May
21, authorities said. And on
May 5, a Colombian police dog
sniffed out 1.5 tons behind false
panels on a Venezuela-bound
The US Drug Enforcement
Administration still has about
10 agents in Venezuela, but
their operations have been
restricted since Chavez sus-
pended formal cooperation in
August 2005, accusing the
DEA of being a front for espi-
The break with the DEA
came shortly after the dismissal
of Camero, the Venezuelan
anti-drug official, who had
worked closely with the agency.
She told the AP she had sub-
mitted five reports on high-lev-
el drug corruption to the presi-
dent and vice president, finger-
ing police, military and Nation-
al Guard officers, customs
agents and even two state gov-
ernors. She would not name

(APPhoto/ U.S. Coast Guard)
names publicly, saying she fears
Camero said she was told
Chavez never saw her reports.
Two senior Colombian police
officials told the AP that the
drug bosses who call Venezuela
home include Wilber Varela,
for whom the US government
has offered a US$5 million
reward. They spoke on condi-

tion of anonymity, citing politi-
cal sensitivities.
Reverol responded that he's
in daily contact with the head of
Colombia's DAS domestic
security agency, and "if they tell
me today where Wilber Varela
is and I catch him, rest assured
he'll be deported to Colombia
within 24 to 48 hours."
The US State Department
says Venezuela has failed to
pursue major traffickers and has
arrested only low-level figures.
In September, when Chavez
extradited a man he called a top
Colombian smuggler, Colom-
bian officials said he was a low-
er-level player.
That man, Farid Feris
Dominguez, told Colombian
investigators that several high-
ranking Venezuelan officials
helped him. His lawyer told the
AP that Feris even obtained a
Venezuelan diplomatic pass-
Venezuela's justice minister,
Pedro Carreno, says authorities
are investigating Feris' claims
but are wary he may be lying
to please US prosecutors seek-
ing his extradition.
Despite the tensions,
Venezuela continues to work
with the DEA and in March
turned over to U.S. authorities
an American wanted in South

Dakota for alleged metham-
phetamine trafficking.
But Camero, a former judge
and now a consultant whose
clients include the U.S.
Embassy, said drug trafficking
worsened after the 2005 dis-
mantling of a DEA-trained and
-equipped counter-narcotics
task force.
She said two 2004 seaport
busts are emblematic of
Venezuelan drug corruption: In
one, National Guard troops
were protecting a shipping con-
tainer that yielded 1,300 pounds
of cocaine in duffel bags. In the
other, they tried to keep police
from boarding a boat bearing
1,750 pounds of cocaine.
Chavez says Venezuela has
broken up links between some
military units and traffickers,
taking a hard line in discharging
and prosecuting corrupt offi-
"No one is protected here,
whatever the civil or military
rank," he said, adding he is well
aware how drug mafias can cgr-
rode any nation's institutions.
When Chavez appointed
Reverol in February, he laid out
his orders in a handwritten note:
"War to the death against
corruption, against narco-traf-

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Cuba raises prices for milk and meat

as it faces drop in food production


CUBA is repaying debts to
farmers and promising higher
prices for milk and meat in an
attempt to increase flagging
food production in a commu-
nist society that depends on the
state for most of what it eats,
according to Associated Press.
It's trying to head off a crisis
in its food system: production
dropped seven per cent last
year, imports are becoming
more expensive and consumers
complain their tiny government
salaries don't allow them to buy
more than a few items a month
at supply-and-demand farmers
Finance and Prices Minister
Georgina Barreiro said Friday
that the state had paid off 550
million pesos ($23 million) in
debts to the small farmers and
co-operatives that grow two-
thirds of the island's fruits and
vegetables, and renegotiated
debts worth 863 million pesos
(US$35 million).
"These debts never should
have accumulated," Barreiro
told a National Assembly ses-
sion headed by acting president

Raul Castro.
Food production is a highly
sensitive issue in Cuba. where
shortages of everything from
meat to potatoes were common
after the collapse of the Soviet
Union and its generous subsi-
dies. Food is more plentiful
today, but Cubans still complain
that most of the vegetables and
fruits sold by private producers
are too expensive.
Cuban officials have been
unusually candid about the
problem in recent weeks, with
vice-president Carlos Lage com-
plaining to municipal leaders
that food "production is insuf-
ficient and commercialization is
The government in recent
weeks has instituted a new
billing and payment system in
which banks must pay produc-
ers immediately. Lawmaker
Orlando Lugo, president of the
National Association of Small
Farmers, said more than half of
Cuba's 3,500 co-operatives are
using the new system or are
about to start.
"The producers are in much
better spirits," he said at Fri-
day's session.

Meanwhile, the ministries of
agriculture and sugar, along
with provincial and municipal
leaders, have been ordered to
create tracking systems to make
sure payments to the small
farmers and co-operatives don't
fall behind again.
And parliament on Friday
agreed to pay producers 2 1/2
times more for milk and meat
included in the island's heavily
subsidized ration program and
in meals provided at similarly
low-cost workplace cafeterias,
schools, hospitals and commu-
nity centers. The prices con-
sumers pay will remain the
The co-operatives and small
farming enterprises were creat-
ed in 1993 when the govern-
ment restructured its centralised
food system, breaking up big
state farms into smaller units
owned and managed by work-
ers. Smaller parcels went to
individual farmers.
Less than 15 years later, more
than 150,000 individual farmers
and agriculture co-operatives
now, produce two-thirds of the
country's food using just a third
of the island's workable land.

* CUBANS buy onions and plantains at the government-organized produce fair in Havana

State farms work the rest.
After meeting state quotas,
the farmers can sell the rest of
their goods at farmers markets.
Cuba has more than 300-mar-

kets, including about 50 in
But Cuba is a long way from
becoming self-sustaining. The
country spends US$1.6 billion

(AP Photo/ Javier Galeano)

a year importing food, about a
third of it from the US. Even
82 per cent of the food sold at
subsidized prices on the ration
system is imported.

Iran says Venezuelan president's

visit will strengthen their ties

TVNEZUELAN President iugo Ca'ez. leFt.1 alks 7itlh his Iranian conterpar a ou
SAhmadinejad during during their meeting, in Tehran, Iran yesterday. An unidentified translator
sits at centre.
(AP Photo/Vahid Salemi)

IRAN'S foreign ministry
spokesman said Sunday that
Venezuelan President Hugo
Chavez's visit to the country
would further strengthen rela-
tions between the two nations.
Under pressure from the US,
Iran and Venezuela have
improved their bilateral ties,
and Chavez has defended Iran's
nuclear development, dismiss-
ing US concerns that Tehran is
covertly developing weapons.
"Political interests and close
regional and international

stances are among the impor-
tant factors that help to contin-
ue this cooperation, closely,"
spokesman Mohammad Ali
Hosseini Hosseini told reporters
Sunday during his weekly press
Chavez arrived in Iran on
Saturday as part of a three-
nation tour after stops in Russia
and Belarus, and is scheduled
to meet with Iranian leaders,
including President Mahmoud
Ahmadinejad. His visit is the
third to Iran in the past two
years and the sixth since he
came to power.
Hosseini said Iran and

Venezuela would sign some 20
memorandums of understand-
ing in different fields during
Chavez's visit, although he did
not provide further details.
Iran's state-run television said
the two countries would sign
agreements on the construction
of a 7,000-unit housing project
and an artisan school; both in
Iran has partnered with
Venezuela on several joint
industrial projects in the South
American nation, including the
production of cars, tractors and
plastic goods, the television


PAGE 14, MONDAY, JULY 2, 2007


MONDAY, JULY 2, 2007




L Th ..triun'

Companies engaged in



* Chamber president warns competition for best Bahamian staff leaving firms unable to meet needs of anchor projects
'Huge voids' being created in small and mid-sized firm structures, with nothing

done to address unemployed and 'unemployable' issues
Staff losses making companies reluctant to make training investments

Tribune Business Editor

Businesses are engaged
in "inter-island pillag-
ing" of each other for
the best employees, the
Grand Bahama Cham-

ber of Commerce's president has
warned, with multi-million dollar
investment projects increasingly leav-
ing "huge voids" in mid-sized and
small Bahamian firms' staff by attract-
ing away their most qualified workers.
Christopher Lowe, a senior execu-
tive with wholesaler Kelly's

(Freeport), said the number of resort
projects coming on stream was con-
tinuing to increase competition for
the scarce pool of well-trained, qual-
ified Bahamian workers, putting pres-
sure on salary and benefit levels.
While increased foreign direct
investment and resort developments

appeared beneficial on the surface,
Mr Lowe pointed out that they did
nothing to reduce unemployment or
tackle the growing number of
Bahamians deemed "unemployable".
This was because these develop-
ments were targeting and hiring -
the best Bahamian staff from exist-

ing businesses, leaving these firms
with the problem of finding and train-
ing replacement.
Given the scarcity of qualified
workers, Mr Lowe said the labour

SEE page 7

$26m tourist marketing Former John S George head eyes Exuma acquisition

Tribune Business Editor
THE Government has been
urged by a former minister of
tourism to increase the $26 mil-
lion annual marketing budget
allocated to the industry, argu-
ing that the Bahamas will oth-
erwise lost its competitiveness
and that all other islands and
properties will become over-
shadowed by the Atlantis
Obie Wilchcombe, speaking

SEE page 8


Emerald Bay to cause

'negative ramifications'

for foreign investment

Tribune Business Editor
FORMER John S George chief execu-
tive Ken Hutton is already looking around
for new acquisitions just after the private
equity group he formed sold the Bahami-
an retailer, sources have told The Tribune,
his latest target being a standalone Exuma-
based grocery store.
Multiple sources told this newspaper
that Mr Hutton was currently trying to
put the financing in place to acquire Exu-
ma Markets, one of that island's major

supermarket/grocery stores, based on the
Queen's Highway in Georgetown.
Exuma Markets, in addition to capturing
most of the foods/groceries business from
the island's residents, is also said to do a
thriving trade with the boaters who anchor
off George Town throughout the year.
The store had relatively little direct com-
petition on Exuma until last year, when
the Emerald Isles Supermarket, owned
by the Bowe family, opened in the Emer-
ald Bay Shopping Centre near the resort.
Exuma Markets is understood to be
owned and operated by the Minns family,

Mike Minns and his wife, Sandy, and God-
frey Minns.
One source said: "They were trying to
sell it [Exuma Markets]." It is understood
that the family have been unsuccessful in
attracting a management team to Exuma
to try and run the store for them.
Mr Hutton told The Tribune: "No com-
ment", when contacted by this newspa-
per about the potential deal.
The former Freeport Concrete chief

SEE page 8

Tribune Business Editor
THE Four Seasons Emerald
Bay resort's descent into
receivership is likely to have
"negative ramifications" for
foreign direct investment in the
Bahamas and its hotel industry,
analysts have told The Tribune,
and cause developers to
reassess their development
models for Family Island

Simon Townend, the
Bahamas-based partner and
regional director of KPMG's
corporate finance arm, said
potential investors and
financiers of Bahamas-based
resort developments, especial-
ly those in the Family Islands,
were now likely to do careful
SEE page 9

Bahamas investor

given prison time

Tribune Business Editor
AN INVESTOR in a proposed Bahamas-based resort pro-
ject has been sentenced to five years in prison in the US for
corruption relating to how he used his position as Palm Beach
County Commissioner to enrich himself via a series of land
Anthony Masilotti pled guilty to using his post to enrich him-
self and his family, advocating and voting on land deals without
disclosing his secret interest and potential gains from the trans-
actions to the Broward County Commission and the public.
He "netted millions of dollars"
from the transactions, and was
ordered to forfeit two real estate SEE page 8

h. i *


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E DAVIS AMIL a solid financial foundation and
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Confidence For Life


Miami Herald Business, Stocks, Analysis, Wall Street

budget 'not enough'

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



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Delegate this if you have not
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images small, use a sequence

of smaller images rather than
one big one, and avoid
overblown flash introduc-
tions as these are definitely
old hat.
Tip 4: Make it bug free.
Just like the real world,
things will go wrong with
your website. Test it, test it
and test it. Be proactive in
restoring missing links that
go to a wrong page, or result
in an error message, and
make sure you correct typos,
poor grammar and sloppy
sentence construction. These
bugs will frustrate your view-
ers and give your website an
unprofessional look.
Tip 5: Make it easy to navi-
gate, as nothing will turn off
your visitors more than a dif-
ficult site to navigate. They.
need to get to wherever they
want in three clicks.
Make sure you create tabs
on each page for Home Page,
Privacy Policy, Terms and
Conditions, Product Info,
Buy Now, Free Trial, FAQs,
Help, Special Offers, What's
New etc. Make sure you pro-
vide a Site Map so that your
visitor is appraised of all your
Avoid closely packed text
that is hard to read. Avoid
-having pages that you need to
scroll down, which are too
long to read on your screen
unless you are preparing a
one-page sales letter type
web page. And finally, use
'Coming Soon' instead of.
'Under Construction' for in
progress content.
Tip 6: Make it easy to
order by providing clear
information on the benefits
and features of your product,
and by using 'More Info' and
'Buy Now' buttons. Try offer-
ing a free trial of your prod-
uct if possible. Allow shop-
pers to order from your web-
site, and also give them the
opportunity to order by
phone or fax, so make your
contact details easily avail-
able to them.
Creating your website will
take much thought. Don't be
an antipreneur and ignore
the steps and tips to make
your website something you
will be proud of. Make sure
that you spend sufficient time
on this area, as it will pay
large dividends for your
future business success.
NB: This column is avail-
able as an eBook at
Mark draws on 20 years of
top level business, marketing
and communications experi-
ence in London and the
Bahamas. He is chief operat-
ing officer of www.ezpze-
mail.com, currently lives in
Nassau, and can be contacted
at markalexpalmer@mac.com
Mark Palmer. All rights

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

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Investors hesitate to back private equity deals

Associated Press
NEW YORK Buyout king
Henry Kravis calls it "the golden age"
of private equity, a period where
opportunistic Wall Street bankers
snagged iconic names like Toys R Us,
Chrysler and Neiman Marcus in mul-
tibillion dollar deals.
Leveraged buyouts are on track to
surpass $1 trillion this year, a reflec-
tion of private equity's growing influ-
ence on the world's business culture.
Private equity has helped make very
rich men out of dealmakers like
Kravis and Blackstone Group's. Ste-
phen Schwarzman, who earlier this
year threw himself a $3 million birth-
day bash with Rod Stewart as the
There are growing signs that the
buyout party might be ending. After
nearly two years of record acquisi-
tions, private equity is facing chal-
lenges at almost every turn from
lawmakers questioning tax structures
to investors reluctant to buy into

bloated financing plans.
"For years, private equity has had
a walk in the park," said billionaire
financier Carl Icahn, a takeover spe-
cialist known for his runs at RJR
Nabisco and TWA. "It's peaked. But,
I don't mean these guys won't make
Icahn, speaking at a conference in
New York recenity, said private-eq-
uity firms have enjoyed easy access
to financing, and struggling compa-
nies actively hunted for buyers. Pri-
vate equity shops acquire companies,
ostensibly to turn them around as
private entities and then cash in by
selling or bringing them public.
At first glance, the industry still
seems to be doing well. General
Motors a few days ago agreed to sell
its transmission unit to private equity
firm Carlyle Group and Canadian
investment firm Onex.
But the market has resisted a
string of recent debt offerings, in part
because fallout from subprime mort-
gage defaults has caused some inves-

tors to chase safer bets. An estimated
$3 billion of debt sales were pulled
this week, according to Thomson
On Friday, Blackstone and Lion
Capital were said to be having prob-
lems unloading $259 million of loans
to acquire soft-drink maker Oran-
gina. Dutch supermarket group Royal
Ahold had difficulties selling $650
million of bonds as part of the sale of
its U.S. Food Service unit to a group
of buyout firms led by Kohlberg
Kravis Roberts.
Meanwhile, reluctance, about
credit and debt spilled into the U.S.
junk bond market. Canada's Catalyst
Paper abandoned a $200 million
high-yield bond offering because of a
more skeptical market.
Goldman Sachs Chief Executive
Lloyd Blankfein said at an investor
conference that the investment bank
"remains at a high state of nervous-
ness." The biggest anxiety is that the
debt markets will tumble, causing
borrowing costs to grow.

"The biggest risk we face is a cri-
sis in the credit markets," he said.
"When you think of the wealth cre-
ated over the past five years in differ-
ent sectors, much of it was driven or
helped by the low level of interest
rates and the tightness of credit
Investor uncertainty about bor-
rowing costs, considering supreme
difficulties, has led to tremors on
Wall Street. Bear Sterns has been the
most high-profile casualty after it
was forced to rescue one of it's hedge
funds that lost value because of
wrong bets on the mortgage market.
Private-equity firms might be a lit-
tle worried about their ability to raise
money in the'equity markets after
Blackstone's recent initial public
offering. The New York-based firm
raised $4.1 billion after floating its
management partnership.
Though shares surged 13 percent
on its first day of trading, it has since
dropped to below the $31 offering

The deal was thought to be a blue-
print for how others could raise more
capital. *
Investors originally seemed eager
to get in on the Blackstone deal, even
though they'd have little voting rights
and no direct connection to the
firm's portfolio of companies and
real estate holdings.
Carlyle on Thursday cut the size
of a planned IPO of a fund that
invests in mortgage-backed bonds
because there was lack of interest -
trimming the offering by 25 percent
to $300 million.
.Even if firms like KKR or Carlyle
decide to pursue a U.S. listing, there
is still the subject of how they would
be taxed. Lawmakers are trying to tax
buyout firms as companies instead of
partnerships a step that could dou-
ble the amount they pay the govern-
But industry insiders believe -
even if Blackstone fell flat private-
equity firms will need to go public to
survive long term.


'Argentina has
cut natural gas
exports to keep
more at home.
President Nestor,
Kirchner has
employed this
strategy since
2004, when he
angered Chile by
violating an
export contract.
A man, left,
electric towers in
the Atacama
desert of Chile in


Frustration grows in Argentina

Washington Post Service
BUENOS AIRES At the height of rush hour,
Luis Ibanez parked his taxi in the middle of the
busiest intersection of this city, got out of the car
and stood cross-armed in the street as traffic
jammed around him.
Dozens of other cabdrivers joined him, pro-
testing a national shortage of compressed natural
gas the primary fuel for the vast majority of
taxis here. As winter approached in the Southern
Hemisphere, the Argentine government cut nat-
ural gas supplies to service stations and indus-
trial users in mid June. It was a temporary mea-
sure to ensure that there would be sufficient fuel
available to heat Argentine homes later that
Falling temperatures have exposed weak
points in an Argentine economy that boasts 9
percent annual growth, lowered unemployment
and rising salaries. In addition to the shortage of
natural gas, Argentina recently has faced short-
ages of some agricultural goods, including milk
and other dairy products. Now, many econo-
mists and a growing number of people in the
streets are questioning the inflation-control
policies of President Nestor Kirchner.
"How can a government not be prepared for
the cold?" asked Ibanez, while city buses and
commuter vehicles idled around him. "They
never prepare for anything, they don't invest in
the country, and the people need to know that
there are consequences."
With a presidential election set for October,
tensions between market forces and the political
pressure to keep consumer prices low have
become impossible to miss even without the
spotlight of rush-hour protests.
"It's hard to find milk on the shelves now, and
that affects everyone," Maria Laura Gonzales, 30,
said after shopping at a Buenos Aires market last
Gonzales blames dairy companies for the milk
shortage. Government officials blame a recent

drought. But dairy producers and many econo-
mists say government-imposed price caps have
compounded the problem by sapping corporate
incentive to invest in production.
Such price controls are also taking much of
the blame for the recent energy problems. Twice
in June, more than 700 service stations around
Buenos Aires were ordered to stop pumping
compressed gas. Analysts say the cuts were a
result of pricing controls instituted in 2002 that
have encouraged consumption and discouraged

EMPTY TANK: A taxi driver who ran out of
fuel pushes his car while he waits in line
at a compressed natural gas station in
Buenos Aires. In addition to a national
gas shortage, Argentina has recently
faced shortages of agricultural products,
such as milk.

industry investmentqin infrastructure improve-
ments needed to boost production.
Periodic energy shortages are common in
many countries at peak times of the year, but
Argentina's came at the year's first cold spell,
before winter officially began. The country has
already cut natural gas exports to keep more gas
at home a strategy that Kirchner has periodi-
cally employed since 2004, when he angered
neighboring Chile by violating a contract prom-
ising exports. Even so, production continues to
lag behind demand.
Some economists warn that the valuable eco-
nomic gains the Kirchner government has
achieved in recent years could erode signifi-
cantly if industries continue to endure costly
power cuts.
"In the energy sector because investments
take so long to be completed long-term plan-
ning is needed," said Sophie Aldebert, a South
American analyst for Cambridge Energy
Research Associates in Rio de Janeiro. "But in
Argentina there is no long-term plan for energy,
and they don't have the regulatory stability to
attract the investment that's needed."
Though it is less than four months away, the
Argentine presidential election has not begun in
earnest yet. Kirchner has not announced
whether he will be his party's candidate or
whether his wife, Cristina Fernandez, will take
his place on the ticket. Early polls have suggested
that either would defeat the main opposition
challenger, former economy minister Roberto
Lavagna, though the president would prevail by a
wider margin than the first lady would.
"Time plays in President Kirchner's favor,"
said Federico Thomsen, a political and economic
analyst in Buenos Aires. "The shortages have
become more noticeable to the layperson now,
but so far no opposition candidate has been able
to capitalize on that. So for it to really have an
effect on Kirchner or his wife, something
extreme would have to happen between now and


Turn a

failure into

a success

The.WallStreet Journal
Nobody likes working on a project
headed for failure. But almost every-
one lands some such dreaded tasks.
- -*-wh pp ig 78 pereen
S.4essionals-and manages.asuvey
"isay; they're now involved' i at'leas. M,
" one project they expect wil ail t
- produce its advertised results, con-
cludes a recent survey by VitalS-
marts, a corporate-training firm in
Provo, Utah. Another surprise find-
ing: 61 percent say they knew an
unsuccessful prior project would flop
before its launch or soon after.
"When you're assigned to a pro-
ject that seems bound to bomb, you
are playing a high-stakes game,"
warns Linda Dominguez, an execu-
tive coach in Coarsegold, Calif.
Yet, you can minimize the career
damage and maximize the benefits
from accepting a doomed gig. "Get-
ting involved in a high-risk, high-fail-
ure situation is a way to make a name
for yourself," says Laurence J. Stybel,
co-founder of Stybel Peabody Lin-
colnshire, a Boston leadership con-
For starters, ask trusted associates
whether you landed the assignment
for punitive or positive reasons.
Senior officials may "want to push
you out," Dominguez observes. Or,
she adds, they may "think you're the
one who can make it work."
It would help to give higher-ups a
well-documented explanation for
why you believe ybur project won't
succeed along with a persuasive
substitute strategy. More than 80 per-
cent of individuals polled by VitalS-
marts said a flop might have been sal-
vaged, except the key decision maker
was difficult to approach.
"Make sure you are crystal clear
with your boss about your conclu-
sions" without exaggerating the
impact of failure, recommends
Joseph. Grenny, co-chairman of
VitalSmarts. At the same time, "dis-
cuss the alternatives with other team
members to get their feedback,
buy-in and ideas" before .presenting
them to your superiors, suggests Ste-
fanie Smith, a New York manage-
ment consultant and executive coach.
Your alternate scenario should
make the top brass look better. A
senior project manager at a grocery
chain joined an effort to automate its
store-shelf tagging system. The pro-
ject, bogged down after 18 months of
planning, seemed doomed.
The new manager faced an impos-
sible deadline: Roll out the new sys-
tem at the chain's 120 stores within
six months.
She identified 45 stores that had
the most to gain from improved tag-
ging and installed the system there
six months later. "That saved face for
the retail division vice president
overseeing the project," she explains.
He didn't object when the full rollout
took a year.
The electronic tags saved about
$500,000 in staff costs.
But, even if you can't rescue a
flawed project, it could raise your
visibility and credentials.






time for a midyear checkup, planning

Associated Press
Small-business owners who
are lucky enough to have some
down time in the next few
weeks should use it for a mid-
year financial checkup and to
tick some other chores off
their to-do list
Accountants and tax pro-
fessionals say the summer is a
good time to take stock of a
company and see whether it's
meeting its goals and whether
there's enough cash on hand
for tax payments.
It's also time to make deci-
sions about equipment pur-
chases and other capital.
spending for the second half of
the year. .
"You want to assess; are
you making money or are you
losing money?" said Barbara
Weltman, a tax attorney in
Millwood, N.Y., and author of
J.K. Lasser's Small Business
This may sound overly sim-
plistic, but tax professionals
say many owners really don't

know where their companies
stand, and those who are los-
ing money need to find that
out fast and start making
changes. Companies that are
doing well should probably
start thinking about their
options for example, should
the owner or owners with-
draw money or leave it with
the business to fund its future
There are also tax reasons
for a midyear checkup. Noting
that sole proprietors have two
estimated tax payments to go
for 2007, due Sept. 15 and Jan.
15, Weltman said, "You don't
want to be overpaying or
Stephen Fishman, an attor-
ney and author of Deduct It!
Lower Your Small Business
Taxes, reminded company
owners "if you don't pay
enough estimated tax, you'll
have a big tax bill next April. A
lot of self-employed people
forget about that."
But a midyear look at the
business by necessity needs to

'This is a great time of the year to schedule an
appointment with an accountant, during the
summer months, when it's slow. It's a good
time to speak with all your advisors, insurance
agents and lawyers.'
a tax attorney and author of J.K. Lasser's Small Business Taxes

go beyond profits and tax pay-
ments; those numbers will in
the end depend on what your
company hopes to achieve in
the months ahead. Weltman
said of business owners, "you
should be doing strategic plan-
ning, long-range thinking
about things, redoing your
business and marketing plan-
That long-term planning
should include a look at your
capital spending, particularly
whether you'll want to buy
new equipment. Small busi-
nesses have a unique opportu-
nity to save on their income
taxes when they buy certain
equipment such as comput-
ers, vehicles, manufacturing

machines or office furniture -
and claim the expenses under
what's known as the Section
179 deduction. This provision
of the Internal Revenue Code
allows a small business to
deduct upfront $125,000 in
equipment bought and put
into service during 2007 rather
than depreciate it over a
period of years.
But just because a big tax
deduction is available doesn't
mean a business should plunge
headlong into a purchase. An
owner needs to ask not only if
it makes sense to buy the
equipment, but also if it makes
sense to buy it in 2007. If it
looks like 2008 is going to be a
more profitable year, it might

be better to defer the purchase
until January.
You might find it's best to
make such decisions with the
aid of an accountant or other
financial advisor.
Weltman noted, "This is a
great time of the year to
schedule an appointment with
an accountant, during .the
summer months, when it's
slow. It's a good time to speak
with all your advisors, insur-
ance agents and lawyers."
Many accountants will call
or e-mail their clients at this
time of the year to remind
them that it's time for a
A visit with a financial advi-
sor will almost certainly
include a discussion of retire-
ment plans.
Both Fishman and Weltman
said many small business own-
ers keep putting off setting up
or contributing to plans such
as Simplified Employee Pen-
sions (SEPs).
If you're thinking of setting
up a retirement plan, an

important reason to start talk-
ing now with a financial pro-
fessional is that you have until
Oct. 1 to create what's known
as a SIMPLE plan, or Savings
Incentive Match Plans for
Employees. They are more
complex than SEPs, but they
might be more appropriate for
your company.
"Don't wait until the last
minute," Fishman advised,
reminding owners that "you
don't have to pay tax on the .-
interest you make all year."
Another financial house-
keeping chore that owners
should consider during the
summer is switching to
accounting software if they've
been keeping their records on
paper, or changing accounting
programs if they're not happy
with the applications they're '-
currently using.
It also might be a good time
to get some renovations or
other work done to your office
or physical plant, especially if
you'll have staffers who are on it
vacation and less likely to be ';
inconvenienced or irritated by'!'
construction work.




BY BRIDGET CAREY NAVTEQ is so large it's practically the
Next time you get high-tech Microsoft of navigation data, and it's still
driving directions you can
thank Debra Bonde and Brad growing. Its second-quarter revenue was up
Estrada for not getting lost 30 percent to $159.9 million, and profit neai
They are geographic ana-
lysts with NAVTEQ the com- doubled, to $30.2 million.
pany that provides mapping
data to just about every major,..
drivingdirection company.' the nonprofit Geospacial Within a few years, he s
More than 100 companies Information-' & Technology maps will be updated in 1
and government agencies use Association. time with more and m
NAVTEQ, including MapQu- "Every kid knows what GPS detail.
est, Google, Yahoo!, Garmin, is and definitely every kid "Pick a house in San Di
Tom Tom, Magellan, Motor- knowns what Google Earth is, and watch the mail be
ola and Verizon. Chances are it's a pretty fun thing to do," delivered," he said.
if you've ever needed a map Samborski said. "Very few Some are already updal
online, in the car, or on your people outside the geospacial traffic conditions in real ti
cellphone, you've used NAV- industry would know that it is such as Microsoft and Goc
TEQ's data. part of an industry." MapQuest, which uses a ci
The company is so large it's bination of data from N1
practically the Microsoft of RAISE AWARENESS TEQand it's competitor 1
navigation data, and it's still The organization has Atlas, is working on adding
growing. Its second-quarter started a government-funded feature that will show tra
revenue was up 30 percent to project to raise more aware- accidents and give route s
$159.9 million, and profit ness of this field, called GIWIS gestions on how to avoid a
nearly doubled, to $30.2 mil- (Geospacial Industry Work- dents, spokeswoman Dori
lion. force Information System). cido said.
Bonde and Estrada recently "The jobs in this field are As of now, most of
finished reviewing the lacking people, and there's a attention is on expanding
addresses around the homes huge concern," he said. "Our cellphone navigating servi
on the Venetian Islands in employers can not find and doing more than just
Florida, but their work to enough people to do this ting from point A to poin
update and review the streets stuff." but rather showing where
never ends. Bonde has been working closest shoe store is betw
Estrada drives and Bonde with NAVTEQ for 12 years point A and B.
sits in the passenger seat and although it might be hard But the potential of i
recording information on a to believe, there was a time fast the industry grows is (
touch-screen pad on her lap. when this work had to be done limited by a program
The laptop along with the without GPS. imagination, Samborski s
other equipment is locked up "I've seen the technology "You could literally save
in the back of the SUV while come from paper plots and world with this stuff."
the screen shows where they just following along on the
are on the road and where paper plots from link to link
they've been. Using a stylus, writing down information
Bonde scribbles on the map of without any of the tools that
things to change, such as a we have," Bonde said.
street sign with a slightly dif- Before laptops and satellite
ferent name, and if a road images, geographic analysts
curves and changes directions. had to rely on what they called ,*" U"
She'll also mark the numbered cartooning in geometry based
addresses of every corner. on photos taken from above.
Her screen is full of icons "I actually have a degree in
that note different road traits, cartography from Wisconsin
such as how many lanes a road and when I graduated there
has and which direction it wasn't even a computer-gen-
travels. erated cartography course,"
Bonde said.
NAVIGATION The industry is so fresh that
Aside from avoiding the last year there was no defini-
occasional dump truck or tren- tion of "the geospacial indus-
cher blocking the road, navi- try." Is Google Earth part of
gating around the homes and the industry? Some would say
making notes about signs went yes, some wouldn't And with-
pretty smoothly for the duo. out definition, organizations
What makes their job difficult like GITA are just beginning to
are gated communities. find ways to measure itself.
"Collier County is particu- "It's evolved so quickly and
larly difficult in getting into so massively, everyone was
gated communities without just trying to keep up with the
permission," Bonde said. technology," Samborski said.
But as driving direction ser- And because the technol-
vices become more common, ogy is advancing so fast, there
Bonde said most places are is growing potential for mis-
more willing to give them use, Samborski said. The
access to update the data for recent unveiling of Google
the neighborhood. Maps' Street View shows
And when they can't get in, images of people on the street,
there are other ways to some in unfavorable poses,
update, such as using aerial which brought up discussions
photography. of privacy rights.
Jobs like theirs are in high "Our court system and our
demand now as the industry is laws are not keeping pace with
growing fast, said Bob Sam- the evolution of the technol- MAP MAKING: A dash-mo
borski, executive director of ogy," Samborski said. input device).


said, '


ng a

g in
at B,



IN FOCUS: Debra Bonde adjusts a windshield-mounted video camera to gather video *
and navigation data for Navteq's map database, which is used by MapQuest, OnStar.
and other services. ".

___ .,11 O.,' '" i :j-

united screen shows a Navteq map database with handwritten notations (from a tablet

THE MIAMI HERALD I MiamiHerald.com


Miami-Dade chief:

Bahamas can be

more than No.18

Tribune Business
The Bahamas was
the 18th leading
trading partner for
the City of Miami in
2006 despite its relatively small
population size, a government
minister said, with trade
between the two totalling $1.2
billion in 2005.
Welcoming a delegation
from the Jay Malina Interna-
tional Trade Consortium of
Miami Dade County, which
was visiting Nassau to discuss
the expansion of trade oppor-
tunities between the Bahamas
and Florida, Branville McCart-
ney minister of state for
tourism and aviation, said the
potential for trade between the
two was limitless.
Mr McCartney said: "In
2005, just two years ago, the
Bahamas' total trade with Mia-
mi was $1.2 billion. This is an
amazing figure, given the scale
of the Bahamian economy.
"Furthermore, more than
half of our country's trade with
the United States moved
through the Miami Customs
district, and it is significant that
the islands of the Bahamas,
with only 300,000 residents,
registered in 2006 as the 18th
leading trade partner of Mia-
Mr McCartney said tourism
was one industry that could
mutually benefit the Bahamas
and Florida.
"There are opportunities to
work toward offering dual des-
tination vacations, in which
travellers can experience the
vibrancy of Miami- Dade and
the tranquility of a Bahamian
Out Island experience in one
package," he added.
Mr McCartney said there
had been some progress made
in film industry collaboration
for multi-location films. The
Bahamas Film Commission,
which is a unit within the
Bahp. nas Ministry of Tourism,
has oeen in talks with the Flori-
da Film commissioners in this
"Grand Bahama has the
only ocean water film tank in
the Caribbean, and Florida
allows for the filming of ocean
scenes in a controlled environ-

Nation is Florida's ninth largest trading

partner, with $1.2bn passing between

here and Miami in 2005

ment," he added.
Zhivargo Laing, minister of
state for finance, told the US
companies that if the hopes
and dreams of Bahamians
were to-be realisied, it rests
squarely on the Government
to ensure they sustain, engage
and expand commercial oppor-
tunities for Bahamian and
internationally-owned busi-
nesses in this nation.
"We never take our rela-
tionship with you lightly. It is
our fullest intent to maintain
the freeest enterprise in this
country and provide expand-
ed. opportunities for Bahami-
ans to access whatever busi-
ness opportunities exist in
Florida and the United States,
and elsewhere in the world,"
Mr Laing said. "We want to
facilitate those economic inter-
ests outside the Bahamas, and
seize economic opportunities."
Dionsio D'Aguilar, the new-
ly-elected president of the
Bahamas Chamber of Com-
merce, welcomed the Jay Mali-
na delegation on behalf of the
business community, and
encouraged them to explore as
many opportunities as piossi-"I
ble. ..
"We are delighted that you
have undertaken to organise
this business-to-business trade
mission to our country," Mr
D'Aguilar said. "We are Flori-
da's ninth largest trading part-
ner. When considering
whether there is business to be
done here in the Bahamas,
please do nbt dismiss us as too
small. Because if you do, you
have forgotten to include the
4.6 million tourists, mostly
American, which visit our
beautiful country each year."
David Elmo, charge d'af-
faires at the US Embassy, said
this trade mission was symbol-
ic of the strong relationship
enjoyed by the two communi-
"So much of the discussions
will revolve around business
to business, but I encourage

S2 Healthy

Coconut Trees

I For Sale

ITel: 326-1296



(No.45 of 2000)

Notice is hereby given in accordance with Section 138 (8) of
the International Business Companies Act, (No.45 of 2000),
the Dissolution of INSIGNIA, INC. has been completed, a
Certificate of Dissolution has been issued and the Company
has therefore been struck off the Register. The date of
completion of the dissolution was the 14th day of June, 2007.

:~lA rr*^

you to get personal. These ties
bind us and we have a lot to
learn from each other," he
Dennis Moss, the Miami
Dade County Commissioner,
said the Bahamas may be
Miami's 18th largest trading
partner, and that while that
was good, it was not enough.
"We have to do better, and
when I say that, I mean that
we in Miami-Dade county
have to recommit ourselves to
make sure that we're creating
trade and business opportuni-
ties for you here in the
Bahamas as well as Miami
Dade," Mr Moss said.
He added that his office will

be working with the Royal
Bahamas Defence Force on a
possible venture, and with
Florida universities to provide
educational opportunities.
Mr Moss announced that
because of the Trade Mission,
they were able to provide a
scholarship to a Bahamian stu-
dent handled through the
international Trade Centre.
On Friday, the delegation,
engaged in one-on-one meet-
ings with Bahamian businesses.
Other activities included cour-
tesy calls on Prime Minister
Hubert Ingraham and the
Governor-General, a tour of
the College of the Bahamas
and the Bahamas Technical
and Vocational Institute
(BTVI), and a dinner at
Arawak Cay.

J pom.I, Thddeus
live broadcast o jtV L MCDOhld

Join Cititrust
(Bahamas) Limited,
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We invite outstanding
individuals, wanting to build a
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colleagues from around the
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organization and local regulatory

Interested Bahamian candidates
should forward a copy of their
resume by July 9, 2007 to:
Human Resources, Cititrust
(Bahamas) Limited, P.O. Box N-
1576, Nassau, Bahamas OR
Fax: (242) 302-8732 OR Email:


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Invites applications from experienced qualified Christian
candidates for the following position for the 2007-2008
school year.

Dean of Students

Applicants must: .
A. Be a practicing born-again Christian who is willing to
subscribe to the Statement of Faith of Temple Christian
B. Have a Bachelor's Degree in Education or higher from
a recognized College or University.
C. Possess excellent organizational, inter-personal
communicative skills..
D. Be able to assist with all aspects of the Administration.
E. Be able to discipline, counsel students.
F. Have high moral standards.

Food & Nutrition (Gr. 10-12)
Art/Craft (Gr. 7-9)
Accounts/Commerce (Gr. 10-12)

Applicants must:
A. Be a practicing born-again Christian who is willing to
subscribe to the Statement of Faith of Temple Christian
B. Have a Bachelor's Degree in Education or higher from
a recognized College or University in the area of
C. Have a valid Teacher's Certificate or Diploma.
D. Have at least five year l txpeid"ice.'ire' 6f
.which must be a0.he hig bol vel.
E. Posseg excelled prgazionjl, inter-personal comm-
unicative. skills,.
F. Have high moral standards.
Application must be picked up at the High School office on
Shirley Street by July 4th, 2007 and returned with the
following: a full curriculum vitae, recent coloured photograph,
church affiliation, pastor's name and three references to:
Mr. Neil Hamilton
The Principal
Temple Christian High School
P.O. Box EE-17537
Nassau, Bahamas
Deadline for application is July 13th, 2007


Financial Reporting Analyst

Reporting to our Country Financial Controller, the position is
responsible for management and regulatory reporting. Key
responsibilities include the preparation, of monthly financial
statements, profitability reports and local regulatory reporting.
Additional responsibilities will include managing process
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hoc projects as assigned.

The ideal candidate will possess a Bachelors degree in Finance,
Accounting or related field and a minimum of 3-5 years of related
experience preferably in financial services. A professional
designation (CPA/CA) is also required. Detailed knowledge of
local regulatory reporting requirements and GAAP, strong
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The American Embassy is presently considering applications for
the following position:
Serves as the senior member of the GSO Housing Office working
interdependently in administering and managing the complex
legalities and details of an interagency housing pool that spans
from New Providence to Grand Bahama Island.
This position is open to candidates with the following
An Associate Degree in the area of Business
Administration, real estate or a related field.
Two years of experience in real estate leasing/contracting
Must have a good working knowledge of general office
procedures, Microsoft Office Suite. and data base
Must have ability to meet deadlines in a timely manner
and work independently with minimum supervision

The successful candidate will be offered an excellent compensation
package including performance-based incentives, medical and
dental insurance, life insurance, pension and opportunities for
training and development.
Applicants must be Bahamian citizens or U.S. citizens who are
eligible for employment under Bahamian laws and regulations.
Application forms are available from 8:00 a.m. to 5:00p.m.
Monday through Friday at the security area of the American
Embassy, Queen Street. Completed applications should be
returned to the Embassy: addressed to the Human Resources
Office no later than Wednesday July 11, 2006.






II aJ~ FTT l.
TheAmrian mbss i prsetl cnsierngaplictinsfo ne sapep na a a aio

mi jusi call azz I UHU logay in

Training Officer
Kelly's is seeking a fully-qualified and experienced teacher to become a full-
time Training Officer for the 350 + employees in Kelly's House & Home and
Kelly's Lumber. The position will demand an experienced and resourceful
communicator able to motivate adults with varying educational backgrounds
and qualifications, and capable of devising, developing and implementing
on-going in-house training and development programs, with their attendant
testing and evaluation procedures. Such programs will include, but not
necessarily be limited to:
1. Orientation courses for all new employees
2. Customer Service courses for all retail employees
3. Computer familiarisation courses
4. Product-specific knowledge courses for all retail employees
5. Safety courses for drivers and warehouse/yard personnel'
6. Supervisory courses for new and prospective supervisors
7. Personal development courses for career advancement
The successful applicant will also be expected to develop and maintain strong
links with other providers of on-going work-related courses in specialised and
technical areas. Previous experience in adult education would be an asset.
This is a middle management position for an experienced and qualified
professional educator, who is willing to demonstrate a long-term commitment
to Kelly's development and expansion. Benefits include medical, pension, and
profit-sharing plans, with remuneration package dependant on qualifications
and experience.
E-mail letter of application and comprehensive resume to
info@kellysbahamascom with "Training Officer" as subject.
No phone calls please
Kelly's HoWe
Mall at Marathon
Tel: 12421 393-4002 Sa9udoy 9.0 n9;00pm
Fx 242) 3934096 Sd do,..d --





* el'



Companies en

in 'inter-island pillaging'

FROM page 1

demands of foreign-financed
investment projects were leav-
ing Bahamian companies less
able to service their require-
ments. as they were taking
awax their staff.
Mr 1.owxe told The Tribune
that within the past month his
company had lost three valued
employees to the Bimini Bay
Resort and the $2.3 billion
Baha Mar Cable Beach rede-
velopment on New Provi-
dence, both projects being
located on other islands.
"We had previously lost
employees to Emerald Bay,
and we had previously lost
employees to Atlantis," Mr
Lowe said. Kelly's (Freeport)
had lost at least five staff to
foreign direct investment pro-
jects, from specialist depart-
ments such as inventory man-
agement. warehouse manage-
ment and back office support
to sales persons.
"Far hbe it for me to hold
anyone back, but it leaves us in
Grand Bahama with upper lev-
el holes to fill." Mr Lowe said.
"There's no way companies in
the retail. wholesale and cus-
tomer-oriented businesses can
lose like that and still provide a
high level of customer service,
having these voids appear all
over our structure.
"We're moving the
employed around at a time
when worker demand has not
even increased, based on
prospective pioje''ts, lt's goin(,
to get worse.
"We're 'doing inter-island
pillaging," he added of com-
panies' attempts to recruit lie
best and brightest Bahamian
staff. "It's creating holes in the
structtue at all levels of existing
employment. It is not address
ing unemployment or the
"It's going to be a major
problem, but it still does not
address the unemployable fac-
tor. We have a high percentage
of unemployable people who
are going to need intensive,

rudinme ti \ lilf' skills training
to ber i mploved. That is
not being addressed.
"It's :1 reality. There are
unemploy( V;i *lec iple who can-
not be emp,' Iyed because of a
lack of basi'. rudimentary life
skills. Skills related to show-
ing up on time. or showing up
at all. The lif.t skills of our pop-
ulation don i bear any relation
to employment demands."
The frec' 'incy with which
top emnplc, ',s were leaving
meant ihi iiiny businesses
could I~ 'Coe reluctant to
invest in staff training, Mr
Lowe said.
He add,'d that Kelly's
(Freeport) spent "thousands
of dollars" per year to train
staff, estimating that some 70
per cent of liaining related to
'life skills' and the remaining
30 per cent to specialist areas
such as product and computer
Yet former Kelly's employ-
ees who hadi received such
training were now at universi-
ties in New York and the Cay-
man Islands( studying clothing
design and marine biology,.
while another had moved on
to become a straddle operator
at the F-ireTprt Container Port.
"I can,, i lame them for
leaving. but what local busi-
ness is going to put money into
training if they keep on leav-
ing?" Mr l.owe asked.
"They'ie hlsing the investment
on it [t aining]."
Mr I.owu said he understood
why many lahamians chose to
leave their mid and small-sized
employers when offered posts
and oppn ,linities by large-
scale resorts, given the likely
attractions of a higher salary,
defined ca,.,'r path and per-
ceived job ,eiio ilt, plus a com-
pany pension plan.
While nw employer should
stand in t he way of a worker
timing In Itance or better
themselves, Mr Lowe said
there were consequences for
mega-resort projects them-
selves if they continued to
draw aw\av valued staff from
Bahamian-owned companies.
"It reduces the viability of
the support t business commu-

nity to even support these
mega developments," Mr
Lowe said. "Our capabilities,
you would think, would be
growing alongside these
anchor projects, but the trend
is actually the opposite.
"The bigger they get, the less
Sable we are to actually support
Just taking Grand Bahama,
that island is awaiting the onset
of Ginn Clubs & Resorts' $4.9
billion West End development;
the 2,000-acre Morgan Stanley
project at Barbary Beach; the
Harcourt purchase and rede-
velopment of the Royal Oasis;
the potential Raven Group
project; the opening of Inter-
national Distributors' Sea/Air
Business Centre warehouse;
and the Bahamian Brewery.
The likely strain on the
Bahamian workforce and
labour market these projects,
and others spread across the
nation, will exert' is immense.
The absence of sufficient
workers with the skills
required by these developers,
coupled with the weaknesses
of the Bahamian education
system, mean that developers
will have to turn to expatriate
workers and companies to
meet their needs.
Fred Mitchell, former minis-
ter of foreign affairs, said
before he demitted office that
there was a sense among seg-
ments of the Bahamian peo-
ple that economic and job
opportunities were passing
them by, due to a lack of skills
and education.
The Bahamas is already
showing signs of becoming a
divided, two-speed society,
where a significant percentage
of the population is being left
behind economically and
socially, lacking the skills
required for a human capital,
knowledge-driven economy
and world.
As a result, they are likely
to become marginalised, lead-
ing to the build-up of major
social pressures. Winston
Rolle, the former Bahamas
Chamber of Commerce presi-
dent, said there was a da gr
that Bahanma,,gcild I'

"second class citizens in their
own country" if they did seize
the opportunities before them.
Mr Lowe told The Tribune
that there needed to be a pub-
lic sector-private sector part-
nership to provide life skills
training for the long-term
unemployed and unemploy-
"They just haven't been pre-
pared for the real world, and
I'm talking about the majority
of those graduates from school
throughout the country," Mr
Lowe said.
"Some effort has to be made
to bring those new school grad-
uates, and those who cannot
find employment, up to par.
"It's rough and it's tough. I
have no lack of job applicants
to Kelly's. There are hundreds
of people who'd like to work
here, but in reality and truth,
they're not ready for employ-
Concerns that the Bahamian
education system is turning out
a large number of semi-liter-
ate and illiterate graduates,
who are unable to read, write
-and perform simple arithemtic
tasks, is nothing new.
For example, students from
public high schools in New
Providence who sat BGCSE
exams in summer 2004
achieved an average grade of
'F+', a "truly disturbing" per-
formance, according to the
Coalitio for Education
A Ministry of Education
report showed that, out of
4,367 students who sat ,the
Maths BGCSE in summer
2004, just 141 or three per cent
achieved an 'A' grade, with
some 14 per cent or 614 get-
ting a 'U' or failed grade. The
average or mean grade for
maths was an 'E'.
The results for English were
slightly better, with a mean or
average grade of 'D-', but
again, only three per cent or
130 out of the 4,281 who took
the exam achieved an 'A'
These findings were backed
up by the Inter-American
development Bank (IDB),
which found that almost one-

third of Bahamians aged
between 16-24 have no acade-
mic qualifications, with one in
five from that age group nei-
ther in the education system
or employed.
And 75-80 per cent of
Bahamian students who are
taking technical and vocation-
al subjects "read below their
grade level", leaving the
Bahamian economy facing
"acute skills shortages" at all

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$26m tourist marketing budget 'not enough'

FROM page 1

in the wake of the Fout Sea-
sons Emerald Bay Resort
being placed into receivership
with a view to selling the trou-
bled resort, said individual
Family Islands were receiving
little or no promotional bud-
get, and "get nothing" com-
pared to the likes of Kerzner
International's Atlantis resort.
He contrasted this with the
$4 million that Kerzner Inter-
national received from the
Government and Ministry of
Tourism each year for joint
marketing promotions for its

Paradise Island properties, part
of the existing Heads of Agree-
The former minister of
tourism suggested that the
Bahamas might have to raise
additional revenue to increase
the available marketing bud-
get, possibly through an addi-
tional $2-$3 added on to hotel
room taxes.
The Bahamas had "to take a
second look" at how it pro-
moted its number one industry
at a time when the global
tourism competition was
increasing, Mr Wilchcombe
said, with numerous other
nations how offering the same
attractions sun, sand and sea.

Yet "year after year", the
Government continued to allo-
cate $26 million of the Min-
istry of Tourism's Budget to
marketing, not increasing this
in line with the competitive
By contrast, Cuba was
spending was than $100 mil-
lion on promotions, said Mr
Wilchcombe, who added: "We
have a competitive situation,
many islands to promote. The
Bahamas is different, a com-
plex situation. We're not going
to get anywhere unless we
realise the marketing budget
we have been using for the last
10 years is not adequate.
"We're going to have to

stop, take a look at the prod-
uct, and spend money on pro-
moting it to sustain the tourism
industry. Otherwise we'll find
ourselves overly-dependent on
Atlantis, hopefully Cable
Beach, and other islands will
"We've been resting on our
laurels for too long and sitting
back, taking the money."
Mr Wilchcombe suggested
that one reason why the 185-
room Four Seasons Emerald
Bay resort, plus associated
amenities such as the golf
course and marina, had not
worked out was because there
were not enough visitors to the
hotel and Exuma.

He said this was because few
potential tourists knew of the
Four Seasons Emerald Bay
resort or Exuma, as they were
overshadowed by New Provi-
dence and Kerzner Interna-
tional's properties when it
came to brand identity and
market awareness.
"It re-emphasises that we
have to spend more money
marketing our islands, because
individual properties will not
drive people to these islands,"
Mr Wilchcombe said.
"If we are going to make the
islands successful, we are going
to have to spend more money
marketing the islands. We
must have critical mass. If

there's not the mass, they are
going to suffer. Emerald Bay
has seen the consequences."
The Bahamas had to brand
its Family Islands, Mr Wilch-
combe said, celebrating their
diversity and uniqueness, and
making visitors aware of them,
how to get there and what they
offered. The priority islands,
he suggested, were Grand
Bahama, Abaco, Exuma and
While the Four Seasons
Emerald Bay resort had been
built, the Bahamas had not
marketed Exuma as a 'brand'
or destination in its own right,
leaving visitors uncertain about
what it represented.

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Fax: 362 6122

FROM page 1

parcels worth $9 million and
$175,000 in cash.
The US Attorney's Office
also confirmed that Mr
Masilotti had "confessed that
he flew to Nassau, Bahamas,
in February 2004 to receive a

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pay-off.... which was accom-
plished by giving Masilotti
gaming chips at the Atlantis
Hotel & Casino".
The original indictment
alleged that on February 6,
2004, some $50,000 was wired
by a land developer to a bank
account "which serviced the
Atlantis Hotel & Casino" on
Paradise Island, as payment
for Mr Masilotti clearing up
traffic issues relating to a prop-


The developer and Mr
Masilotti then travelled to Nas-
sau on February 6, 2004, "to
effectuate the transfer of the
money which represented part
[of his] financial interest in the
property transaction".
There is nothing to suggest
Atlantis did anything wrong in
relation to this case.
The Tribune revealed back
in July 2006 that Mr Masilotti
was an investor, along with
eight other partners including
developer James Knight and
Republican party supported

and cattleman, Billy Bowman,
in the Bonefish Club project
on Cat Island.
Among the assets that had
been threatened with forfei-
ture by the US District Attor-
ney in southern Florida in con-
nection with the corruption
action was Mr Masilotti's
alleged interest in a Bank of
the Bahamas International
bank account, numbered
1302557, which was "held in
trust" by the Nassau-based
Maillis and Maillis law firm.
Other interests that the US
Attorney's Office was targeting
were two Bahamian Interna-
tional Business Companies
(IBCs), For Boys to Girls Ltd
and Boys N Girls Ltd.
Both IBCs, and the bank
account appeared to have been
established to facilitate "a
development on Cat Island,
Bahamas, known as Bonefish
Creek Ltd".
Affiliates of that company
which Mr Masilotti may have
an interest in, and which the
US District Attorney was also
threatening, are entities hold-
ing the project's marina, hotel,
.,_ . /


NOTICE is hereby given that ELISABEL RODRIGUEZ
the Minister responsible for Nationality and Citizenship, for
registration/nhaturalization 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
2ND day of July, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.


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 2ND day
of JULY, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

airport and lot sales proceeds.
Neither Bank of the
Bahamas International, nor
Maillis & Maillis, have done
anything wrong in relation to
the allegations against Mr
Masilotti, Nor have his part-
ners in the Cat Island devel-
It is uncertain what the
impact of his conviction on the
the Bonefish Club project,
which involves 252 acres on
Cat Island, incorporating the
former Cutlass Bay Club, an
abandoned 'clothing optional'
or former nudist resort, will


Cutlass Bay closed its doors
in 1999, after then owners
James and Sandy Robertson,
alleged they were beaten in
their bedroom by a group of
intruders. The couple launched
a website that outraged Cat
Islanders, who claimed it was
designed to smear their repu-
tations, and wrote a book
about their alleged experi-

Former John S

George head

eyes Exuma


FROM page 1

executive has not given up on
his retailing ambitions despite
t the setbacks at John S George,
which ultimately led to a bitter
split in the investor group he
put together and the business's
sale to Andrew Wilson, owner
of Quality Business Centre
and the Radio Shack franchise.
Mr Hutton has also recently
acquired Abaco Markets' for-
mer Cost Right store in the
Turks & Caicos Islands, paying
$2.7 million for the property -
of which $2.5 million was paid
on completion through a bid
vehicle he formed called
Entervant Holdings.

EFG Bank & Trust (Bahamas) Ltd

Desktop and Systems Engineer'


BS in Computer Science or related field
3+ years administering and maintaining Windows 2000/2003 server environment
Experience in supporting Citrix systems
Experience with Ghost or similar application
Must be organized and able to deal with multiple situation environments
Must have strong troubleshooting and problem research skills
Ability to establish, monitor and achieve goals with minimal supervision
Excellent verbal and written communication skills
Ability to multitask
Spanish a plus!

Windows XP/2003 Operating Systems, System Administration, LAN / WAN experience, MS Exchange, Citrix,
Antivirus, VPN, firewall, proxy, VolP, PBX, Ghost, SQL, Backup and Recovery

Responsibilities and duties:

Support and manage Windows servers, including domain controllers and Exchange server 2003
Support Citrix Metaframe and other Enterprise applications
Ongoing system administration of the Windows Server infrastructure services including Active Directory, DHCP, DNS, and
Support and manage Window XP desktops and laptops
Symantec Antivirus administration including client deployment
Create server documentation and generate reports for audit review
Manage network security systems for LAN/WAN and VolP
Troubleshoot network performance problems
Perform variety of tasks for remote connections
Provide technical support and guidance to local and remote users
Maintain and implement disaster recovery plan

Interested and qualified applicants must submit applications by July 16, 2007, to:
EFG Bank & Trust (Bahamas) Ltd.
Attn: Human Resources Manager
(Re: Desktop and Systems Engineer)
Centre of Commerce, 2nd Floor
One Bay Street
P.O. Box SS 6289
Nassau, Bahamas
Fax No. (242) 502-5428


The Broadcasting Corporation of The Bahamas is
seeking a suitably qualified company to dismantle and
erect a new 350 foot Transmitting Guyed Tower on its
property located Settler's Way, Freeport, Grand

Interested parties should contact Mrs. Sharnett
Ferguson, Executive Assistant to The General
Manager at 242-502-3945, between the hours of
9a.m.- 5p.m., Monday to Friday to collect a copy of the
Tender documents, from our headquarters located on
Harcourt (Rusty) Bethel Drive, formerly 3rd Terrace,
Centreville, Nassau.

Bids must be returned in a sealed envelope to
Mrs. Ferguson No Later Than Friday, July 6, 2007.

Bahamas investor given prison time I


Emerald Bay resort to cause


ramifications' for foreign investment

FROM page 1

"due diligence" to assess why
the Four Seasons project had
not worked out.
He told The Tribune of the
receivership: "I think it's defi-
nitely going to have ramifica-
tions. It's negative news, so it
will have ramifications for
some of the people considering
developments in the Out
Islands on that sort of scale.
"Generally, it's not the sort
of news you want to read, and
will certainly cause people to
look at the Out Island resort
The precise reasons why the
Four Seasons Emerald Bay
resort has failed to produce a
profit, forcing the investor con-
sortium that owns it, Emerald
Bay Resort Holdings, into
receivership after it defaulted
on loan repayments in April
2007, are unclear.
Some have cited the length
of time that it took to construct
and open the resort, with the
composition of the investor
consortium changing fre-
quently as it waited for gov-
ernment approvals and per-
Others, though, have cited
the high costs associated with
building the infrastructure to
support the Four Seasons
Emerald Bay Resort, and the
high operating cost environ-
ment encountered in the
Bahamas, as depressing the
resort's margins and bottom
line profits.
Mr Townend, though, point-
ed out that Great Exuma,
where the Four Seasons Emer-
ald Bay resort was located, had
more pre-existing infrastruc-
ture than most Family Islands.
He added: "I think people
will want to know the reasons
why. People investing in these
developments will certainly
want to do due diligence on
the reasons why this one has
failed to deliver.

"They are going to want to
understand what has gone on.
There may be some project
specific issues that are not
immediately apparent. Each
project is unique. You'd like
to think there are specific rea-
sons why this one has not
worked out."
Mr Townend's views were
backed by former minister of
tourism, Obie Wilchcombe,
who agreed that developments
surrounding the Four Seasons
Emerald Bay resort had the
ability to damage two key dri-
vers of the Bahamian economy
- foreign direct investment and
the tourism industry.
Describing the receivership
as "bad news" and "terrible",
Mr Wilchcombe told The Tri-
bune: "I think it will have that
impact, which is why we have
to get on our horse and ride a
new approach to marketing
and how we can take these
anchor properties to the next
"Developers will sit back
and wonder. Emerald Bay and
the Four Seasons, which is the
best brand in the world, rated
number one in many surveys.
If they're having difficulty suc-
ceeding, what does that
The Bahamas has enjoyed
great success in the global
tourism industry, its crown jew-
els being Kerzner Internation-

al's Atlantis and One & Only
Ocean Club properties.
Yet alongside this there have
also been some spectacular
failures, such as Driftwood's
exit from the Royal Oasis,
leaving $22 million in liabili-
ties behind; the consistent loss-
es that forced the Canadian
Commercial Workers Indus-
try Pension Plan (CCWIPP) to
sell majority interests in the
British Colonial Hilton and
still-closed South Ocean
resorts; the closure of Club
Med on Eleuthera; and now
the Emerald Bay receivership.
These factors are now likely
to be taken into account by
potential investors and
financiers of Bahamian resort
projects, still the key factors
behind economic, income and
employment growth, even
though the Bahamas was
ranked as the Caribbean
nation with the "greatest
tourism growth potential" by
the region's major financial
institutions in a survey per-
formed by Mr Townend and
his KPMG colleagues.
The survey, presented at the
Caribbean Hotel & Tourism
Investment Conference
(CHTIC), found that 50 per
cent of banking respondents
ranked the Bahamas as hav-
ing the greatest growth poten-
tial in the Caribbean tourism
and hotel industry, with the

Turks & Caicos Islands close
Mr Townend said earlier this
year: "Most of the financial
institutions we we spoke with
have the Bahamas on the radar
screen. They are invested or
would like to invest.
"The other major reason is
that the Bahamas continues to
benefit from the diversity of
its product. There are a num-
ber of available sites around

the island for development and
its location.
"At the end of the day, once
you get a couple of large
anchor projects, more tend to
fellow, like Kerzner, Four Sea-
sons, Baha Mar, Ginn. There's
a lot of projects going on that
raise the profile of the country
as a place to invest."
This ranking could now be,
in jeopardy, given the Emer-
ald Bay situation.

For testorie
behid tenes
re.d nsig.

4 IN,





MONDAY JULY 2ND 2007 4 P. -P.M.
TUESDAY JULY 8RD 2007 4 PM. 7 P.M.


- -- - - --3- -

Ineratonl roecorGru
is sekig t0recuitthefollwin pesos

International Protector Group is a specialist provider of
Protector and related services in the trust industry. We are
closely involved in the establishment and operation of Private
Trust Companies, Foundations, Trusts and Companies for our

Interested candidates who wish to apply for either of the
above positions should apply in writing to the following:

Andrew Law
International Protector Group Limited
Montague Sterling Centre
East Bay Street
P. O0. Box N-3924
Nassau, Bahamas


Iw www.ipg-protector.com

NOTICE is hereby given that JOHN WIBERG OF 4 BAY
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 2ND day of JULY, 2007 to the
Minister responsible for Nationality and Citizenship, P.O.Box
N- 7147, Nassau, Bahamas.


The successful candidate should have at least 2 yeafs
experience in the administration of trusts and companies.
Previous experience will include the, incorporation 6of
companies and ensuring compliance with local regulations?,
updating corporate records, preparing company and trust
minutes and opening bank accounts. A familiarity with the
applicable laws of The Bahamas would be an advantage but
is not essential.


The successful candidate should have previously worked in
the accounting department of a Trust Company. or other
financial institution. They should be familiar with integrated
accounting software.

invites applications for the position of

0 Group Marketing Coordinator
Money Transfer Services

Responsibility for assisting in the strategic planning, development
and execution of marketing programmes for the suite of products
and services offered by Fidelity's Money Transfer Services Division,
including the Western Union money transfer service currently in The
Bahamas, Cayman Islands and Turks & Caicos Islands. Position is based
in The Bahamas.

Develop annual and long-term marketing programmes.
Manage development and execution of the following: advertising
and promotions, public relations, merchandising, field marketing,
direct marketing and events programmes, including creative
development and media planning.
Work closely with Western Union and product partners to plan and
coordinate joint marketing.
Monitor industry trends to help guide the development of
marketing programmes.
Conduct business analyses of promotions and other initiatives to
determine effectiveness.
Manage marketing budgets effectively.

BA in Marketing, International Business or related field required.
Minimum of 3 years marketing experience with consumer
packaged goods or consumer financial or other services company,
preferably with international exposure.
Experience in developing and implementing marketing
programmes, including advertising creative, media planning,
promotions management, direct marketing, merchandising, public
relations and market research.
Fluency in Creole required, and knowledge of Spanish desirable.

Solid strategic and analytical thinking skills.
Excellent verbal and written communication skills.
Ability to work with multi-disciplinary teams to achieve business
Solid PC skills (Excel, Word, PowerPoint).
Ability to travel
The person will report directly to the Vice President.
Competitive compensation package will include salary, benefits and bonuses.
Send resume no later than July 12th, 2007 to:
The Director Human Resources

51 Frederick Street
P.O. Box N-4853
Fax 326.3000
e-mail: careers@fidelitybahamas.com




i I N
b aed o ae/tw in

Construction Project Manager

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

Warehouse Manager

* 5-10 years experience managing a large warehouse
* Working knowledge of accounting aspect of Warehouse
* Computer savvy including proficiency with Microsoft
Word and Excel
* Solid day-to-day decision maker
* Good Communication skills with both upper
management and labour
* Working knowledge of construction materials

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

Kingsway Academy, an Interdenominational,
Evangelical, Co-Educational Christian Day School,
invites applicants from qualified and experienced
candidates for teaching positions at the Elementary and
High School levels (grades 7 through 12).


Trained Physical Education Teacher for grades K-4
through grade 6


High School applicants should possess a Teachers
Certificate, at least a Bachelor's Degree in the particular
subject area would be an asset.

Biology/General Science
English Language/Spanish
"English Language/Literature
N Mathematics/Physics
Business Studies (Office Procedures, Economics,
Food & Nutrition and Clothing
Information Technology

The successful-candidatesshould have the following:

An Academic Degree in the area of specialization
A Teaching Certificate
*Excellent Communication Skills
A love for children and learning
SHigh standards of morality
Be a born again Christian

Letters of application together with a recent color
photograph and detailed Curriculum Vita (including
the names and addresses of at least three references,
one being the name of one's church minister) should be
forwarded to:

Ms. Kelcine Hamilton
Academy Affairs Manager
Kingsway Academy Business Office
Bernard Road
Nassau, Bahamas

Salaries would be commensurate with qualifications and

Deadline for applications is Monday July 16, 2007.

$260m BTC deal

still under review

Tribune Business Editor

The Government is
still reviewing the
$260 million offer
made by Bluewater
Communications Holdings for
a 49 per cent stake in the
Bahamas Telecommunications
Company (BTC), with the fate
of the deal struck by the pre-
vious PLP government still
Zhivargo Laing, minister of
state for finance, told The Tri-
bune the proposed deal was
"still under review" when con-
tacted by this newspaper, his
update coming as this newspa-
per was told that rivals such as

Cable & Wireless (C&W) had was not conveyed back to the
also been in contact with the bidder.
Government to assess their The $260 million price is
chances of re-entering the fray. double the amount offered by
. "There's nothing I can say the leading bidder in the failed
specifically other than that the 2003 privatization process -
entire thing is under review," BahamaTel leading many to
he added. "Our intention is in believe Bluewater is over-pay-
privatising BTC with a view to ing for BTC.
having a strategic partner that Yet the price may have been
can bring in improvements to induced by the likelihood of a
the services delivers to the five-year cellular monopoly for
public. That continues to be l Bluewater, profits from this
our intention." revenue stream likely to be
When asked whether the enough to recoup much of the
FNM government would EZIVARGO LAING $260 million and provide the
review the Bluewater deal on ZHIVARGO LAING buyer with enough breathing
the ground that while the pur- space and cash flow.
chase price and other terms good for Bahamian residential Deal multiples have also
may look good for the Trea- and business consumers and recovered to 7x and 8x, sources
sury. and BTC, but not be so the wider economy, Mr Laing have said, with the global tele-
said: "I think it's fair to say all coms industry having recov-
that has to be taken into ered from the trough it was in
'A. account. in 2003, factors that could also
"In doing so, we will create a have influenced the Bluewa-
i "'" "- win-win situation for all. That ter deal despite the erosion of
has to be the objective." BTC's market share in many
He then reiterated: "Every- product areas through both
thing is on the table. There is a legal and illegal competition.
,. review of everything that has However, a five-year cellular
taken place." monopoly would have been
S .Just prior to the May 2, 2007, much more than that enjoyed
general election, the PLP gov- by BahamaTel had it been suc-
Office SpaN ernment concluded some two cessful, leaving many analysts
years of negotiations with fearing that the Bluewater deal
SBluewater by agreeing the final would inhibit liberalisation of
terms of the private equity- the Bahamian telecoms mar-
funded bidder's offer. ket. This would, in theory, gen-
The PLP Government had erate competition that would
initially sought $250 million, lower prices and improve ser-
nvenient office address. Four with Bluewater only prepared vices and choice for consumers.
iceto pay $225 million, so an The relative lack of trans-
ce spaces available in a arrangement was worked out parency surrounding the PLP
sizes. Ground floor & where Bluewater would pay government's last privatization
Near hospitals, courts & $220 million up front, a further process has also been criticised
Bay St. $35 million at the end of the in some quarters, given that
five-year cellular monopoly, the Bluewater talks were vest-
carting at $18 per sq.ft. and a final $5 million in the ed with heavy secrecy com-
sixth year for a total of $260 pared to the 2003 'open beau-
million, ty contest' process.
Yet it seems likely that no As a result, analysts have
G RNH A 'agreement in principle' was questioned whether, by shut-
signed, as James Smith, former ting out all rival offers and
DT AT ICTA TT minister of state for finance, negotiating exclusively with
IREAL lESTAT 'told hp`Thh .elrdeiouily Bt6trwater, the' Government
Showing Integrity Every Day that while Bluewater's terms diff f ll prospects of obtain-
,were agreed by Cabinet, this ing a better deal.

Must be..... I
Honest, Reliable, Dedicated, I
Professional, Energetic &
Excellent $$$ Bonus Potential,

Do You Have What it Takes?

I If the answer isYES then take the next step I
FAX RESUME TO 326-2824 I

Legal Notice



is in voluntary dissolution under the provisions of
Section 137 (4) of the International Business
Companies Act 2000. '
(b) Thq dissolution'of the said company commenced on the
26th June, 2007 when the Articles of Dissolution were
submitted to and registered by the Registrar General.
(c) The Liquidator of the said company is Michael Low
of c/o 1 Raffles Link #05-02, Singapore 039393.

Dated this 29th day of June, A.D. 2007

Michael Low

Pricing Information As Of:
Friday 29 June 2007

52wk-Hi 52wk-Low Security Previous Close Todays Close Change Dally Vol. EPS $ Div $ P/E Yield
1.85 0.54 Abaco Markets 1.60 1.60 0.00 1.650 0.000 0.000 N/M 0.00%
12.05 11-.00 Bahamas Property Fund 11.60 11.60 0.00 1,000 1.548 0.400 7.5 3.45%
9.41 7.23 Bank of Bahamas 9.40 9.40 0.00 0.733 0.260 12.8 2.77%
0.85 0.70 Benchmark 0.85 0.85 0.00 7,500 -0.013 0.020 N/M 2.35%
3.50 1.43 Bahamas Waste 3.30 3.50 0.20 2,000 0.279 0.060 12.5 1.71%
1.49 1.20 Fidelity Bank 1.42 1.42 0.00 0.064 0.020 22.2 1.41%
10.74 9.00 Cable Blthsmas 10.60 10.60 0.00 1,700 0.949 0.240 11.2 2.26%
2.30 1.80 Colina Holdings 2.30 2.30 0.00 0.281 0.080 8.2 3.48%
14.69 10.60 Commonwealth Bank 14.69 14.69 0.00 1.152 0.680 12.8 4.63%
6.00 4.22 Consolidated Water 8DRs 6.00 5.86 -0.14 1,122 0.112 0.050 53.8 0.83%
2.76 2.40 Doctor's Hospital 2.43 2.43 0.00 0.281 0.000 8.6 0.00%
6.40 5.54 Famrguard 6.40 6.40 0.00 0.694 0.240 9.2 3.75%
12.61 11.50 Finco. 12.61 12.61 0.00 0.787 0.570 16.0 4.52%
14.70 12.43 FirstCaribbean 14.55 14.55 0.00 0.977 0.500 14.9 3.44%
18.97 11.15 Focol 18.97 18.97 0.00 1.657 0.520 11.4 2.74%
1.05 0.54 Freeport Concrete 0.54 0.54 0.00 -0.432 0.000 N/M 0.00%
10.20 7.10 ICD Utilities 7.25 7.25 0.00 0.411 0.200 17.6 2.76%
9.50 8.52 J. S. Johnson 9.50 9.50 0.00 0.868 0.570 10.9 6.00%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ P/E Yield
14.60 12.25 Bahamas Supermarkets 14.60 15.60 16.00 1.234 1.185 12.6 8.12%
10 14 10.00 Caribbean Crossings (Pref) 8.00 8.25 10.00 0.000 0.640 NM 7.85%
0.54 0.20 RND Holdings 0.45 0.55 0.20 0.034 0.000 26.2 0.00%
43.00 28.00 ABDAB 41.00 43.00 41.00 2.220 0.000 19.4 0.00%
14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.234 1.125 12.6 7.71%
0.60 0.35 RND Holdings 0.45 0.55 0.45 0.021 0.000 26.2 0.00%
52wk-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3451 1.2945 Colina Money Market Fund 1.345055"
3.2018 2.9038 Fidelity Bahamas G & I Fund 3.2018*
2.6819 2.3915 Colina MSI Preferred Fund 2.681688"
1.2443 1.1695 Colina Bond Fund 1.244286"-
11.5519 11.0199 Fidelity Prime Income Fund 11.5519*-*"
BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 MAiRETTERMS YIELD Ist 12 month dividends divided by closing price NAV KEY
52wk-Hi Highest closing price in last 52 weeak Bid $ Buying price of Colina and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask S Selling price of Colina and fidelity 22 June 2007
Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price
Today's Close Current day's weighted price for daiy volake Weeldy Vol. Trading volume of the prior week 30 April 2007
Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths
Daily Vol. Number of total share traded today NAV Net Asset Value 31 May 2007
DIV $ Dividends per share paid In the last 12 month. N/M Not Meaningful
PIE Closing price divided bythe last 12 month aming& FINDEX The Fidelity Bahamas Stock Index January 1, 1994- 100 ""- 30 April 2007
S. .31 May 2007


I I-I I Hlt3UNt

!HEiE iRiBUNEi buiNEliJ

'i W W 1, .T i i 't Maci TTi D


(Expressed in United States dollars)


Cash and cash equivalents
Prepaid expenses
Accounts receivable, net (Notes 4 and 6)
Fixed assets, net (Note 5)

$ 2,391,950


$ 2,524,458

$ 2,778,263 $ 2,738,006


Accounts payable and accrued expenses
Share capital:
Authorized, issued and fully paid:
30,000 voting A Shares of $1 each
1,970,000 non-voting B Shares of$1 each
Retained earnings
Total equity

S 39,462 $ 30,700



$ 2,778,263 $ 2,738,006

See notes to balance sheet.

This balance sheet as approved by the Board of Directors on February 28, 2007 and is signed on its
behalf by:

D rect Director




Bam ont Trust Company Limited (the "Company") was incorporated on August 25, 1998 in
The Commonwealth of The Bahamas under the Companies Act, 1992. The Company was
granted a restricted trust licence on November 26, 1998, to act as trustee on behalf of the
Stephan Schmidheiny' Family and commenced operations on December 1, 1998. The
Company's main activity is the management of trusts and investment companies.

*The registered office of the Company is located at the Bahamas Financial Centre, Shirley and
Charlotte Streets, Nassau, Bahamas.


At the date of authorization of the balance sheet, the International Accounting Standards Board
("IASB") has issued IFRS 6, IFRS 7, and IFRIC 4-10, which are not y, ffetiyp,
Furthermore, IASB has issued amendments to IFRS 4, IAS 1, IAS 19, and 1AS 39, which arm
also not yet effective.

Management anticipates that the future adoption of the Standards and Interpretations that are
applicable to its business will have no material impact on the balance sheet of the Company.


This balance sheet has been prepared in accordance with International Financial Reporting
Standards. The preparation of the balance sheet in conformity with International Financial
Reporting Standards requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at
the date of the balance sheet. Actual results could differ from those estimates.

The following is a summary of the significant accounting policies:

a. Fixed assets Fixed assets, with the exception of paintings on which no depreciation is
charged, are stated at cost less accumulated depreciation and amortization. Depreciation
and amortization is charged on a straight line basis at the following annual rates:

Office furniture
Office equipment
Leasehold improvements
Motor vehicle

Over lease term

b. Foreign currency translation All amounts in the balance sheet are expressed in United
States dollars. Assets and liabilities denominated in currencies other than United States
dollars are translated at the rate of exchange ruling at the balance sheet date.

c. Assets under administration Assets held by the Company as trustee are not reflected in
the balance sheet.

d. Related parties Related parties consist of shareholders and directors of the Company
and other' entities controlled by these parties. Related parties include directors and
-officers'of the Company, who are considered members of key management, and who are
persons who have authority for planning, directing and controlling the Company.

e. Accounts receivable, net Accounts receivable are carried net of provisions for bad
debt. The allowance is reviewed periodically and adjusted to reflect any impairment in
the carrying value of such receivables.

f. Cash and cash equivalents Cash and cash equivalents is represented by cash and
deposits with banks.


Accounts receivable, net is as follows:


Accounts receivable
Less: provision for bad debt


S 229,937 ? 85,413

$ 229,937 $ 66,200

The movement on the provision for bad debt during the year is as follows:


Balance, beginning of year
Provision charged to operation
Balance, end of year


$ 19,213 $
(19,213) 19,213
- "$ 19,213


The movement of fixed assets during the year is as follows:

Office furniture
Office equipment
Leasehold improvements
Motor vehicle

Office furniture
Office equipment
Leasehold improvements
Motor vehicle

2006 Net Movement
2005 Net Movement

Beginning Ending

S 20,665 S 20,665
89,302 89,302
43,177 4,946 48,123
85,631 85,631
14,710 14,710
275 275
$ 253,760 S 4946 $ $ 258,706


Beginning Amonrtmion Ending
BIa om EwUM Dkpoal Basunce

$ 62,673

$ 7,162 $ -
22,339 -
92 -

4 69,835

S 135579 S 38291 S S 173,870
S 118,181 S (33345) $ S 844836
S 132,263 S (11.914) S (2,163) S 118.181


Accounts receivable
Provision for bad debt

S 229.937 $ 66
L,....- 3S 19,213


The Company has entered into a lease agreeme for its office psmise daed September 1,
2004, and expiring June 30,2008. The lease provide for yarly remn paymei s phs a share of
certain costs. Future minimum rent payments under the leae are as follows:

2*00 200M

Due within one year
Due after one year

$ 82,755 $ 82,755
41,377 124,133

S 124.132 S 206,888


The estimated fair value represents value which incial i could be exchanged for
in a current transaction between willing parties. Whie diee is no avaielbe Wading market,
fair values are estimated using appropriate valuation methods.

Fair value of financial instruments carried in the balance sheet mae assumed to approximate
their carrying values due to their short ten maturity and liquidity.

chated Accounwnts
2Ml TWIMM, CentrWvt
P.O. s" N-7120
mUmsa Benamm
Te1 : 1 (242) 302-40
Fax: l (242) 322-3101


To the Shareholdeirs of .
Bamont Trust Company Limited:

We have audited the balance sheet of Bamon Trust Company ULited (the "Bank") as at December
31, 2006. This balance sheet is the responsibility of the Bank's management. Our responsibility is
to express an opinion on this balance sheet based on our audit.

We conducted our audit in accordance with International Standards on Auditing. Those Standards
require that we plan and perform the audit to obtain reaso*. wavUbance.aout wdmethe. he balance-
sheet is free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the balance sheet. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall presentation of the balance sheet. We believe that our audit provides a reasonable basis for
our opinion.

In our opinion, the balance sheet presents fairly, in all material respects, the financial position of the
Bank as at December 31, 2006, in accordance with International Financial Reporting Standards.

Without qualifying our opinion, we emphasize that the balance sheet does not comprise a complete
set of financial statements in accordance with International Financial Reporting Standards.
Information on results of operations, cash uL.ws and changes in equity is necessary to obtain a
complete understanding of the financial position, performance and changes in financial position of
the Bank.

February 28, 2007

A member frm of
Dalvtteludw bhnmesu

PAGE 12B, MONDAY, JULY 2, 2007


Bahamas faces 'hard choices'

on economic competitiveness

Tribune Business Editor

"hard choices" in
trying to make its
business environ-
ment more competitive and effi-
cient, an economist has warned,
as the lack of profitability in its
hotel industry could drive for-
eign direct investment away to
rival destinations where it can
obtain a greater return on its'
Ralph Massey, who helped to
produce the 2003 Tourism
Taskforce on Trade Liberalisa-
tion report, which highlighted
many of the problems still
plaguing the hotel industry
some four years later, said in
the wake of the Four Seasons
Emerald Bay Resort going into
receivership that the Bahamas'
high operating cost environ-
ment was placing great pressure

on hotel profitability.
He said: "Yes, you can make
money here if you tap into the
high-end of the market like
Atlantis does. You can get a
positive return on capital, and
Atlantis certainly does. But if
you're not tapping into the high-
end market, you're going to
have problems, and if you're
going to the Family Islands it
gets worse because they don't
have lower costs than New
Little has changed since the
Taskforce's 2003 report, which
when comparing hotels that
charged similar average daily
room rates (ADRs), the oper-
ating profits achieved by Nassau
hotels are 59 per cent and 74
per cent lower than their coun-
terparts in the Caribbean and
the US.
Gross operating profits,
which do not include payments
for interest, taxation, deprecia-

tion and amortisation, were 9
per cent for the Nassau hotel, 22
per cent for the Caribbean and
35 per cent for the US.
The Taskforce report said:
"This means that the Nassau
hotel was, at best, in a 'break-
even' position on net profits."
Mr Massey told The Tribune
of the high-cost base in the
Bahamas: "It's a fact of life and
they've [the hotels] got to deal
with it. The fact they're oper-
ating and trying to compete in
an international market where
they are among the highest cost
operators in the market.
"Where are they going to get
the margins from?"
Atlantis is one of the gfew
Bahamian resorts to consis-
tently deliver a rate of return
to its owners via profitability.
This is because it is a unique,
one-of-a-kind experience that
tourists are prepared to pay top
dollars for, delivering a 'value-
for-money' vacation that
exceeds expectations.
This in turn allows Atlantis
to charge a relatively high room
rate, offsetting the high cost
environment and enabling the
resort to keep margins and prof-
itability up.
Yet Mr Massey pointed out
that the high operating cost
environment was also leading

resort developers to seek
greater investment incentives
from the Government, in a bid
to ensure they made money on
the project.
He added that the high cost
of doing business in the
Bahamas, which also included
the dealys caused by govern-
ment bureaucracy and red tape
associated with licensing and
permitting processes, impacted
all businesses, especially
Bahamian-owned small busi-
nesses and start-ups.
These companies, Mr Massey
said, had limited cash resources,
and "the generation of positive
cash flow in the start-up peri-
od is vital", but high costs negat-
ed this.
"What can be done about
this? That's the real hard part,"
Mr Massey said. "None of the
remedies are easy for the
Bahamian government and
Bahamian people.
"One of them would be if
BEC was not a government cor-
poration, but a completely inde-
pendent company that has some
market pressure on it to be
more competitive, lower rates
and be more efficient.
"The high costs here are due

to a huge multitude of factors,
which can't be resolved quickly.
Poor productivity, improving
the labour supply which is a
difficult thing and those out-
lying resort properties have the
problem of recruiting qualified
Bahamians, who are a scarce
He added: "The positive
thing is that something can be
done if there is a will to do it,
but the will to do it has to over-
come the inertia of state
"It's like all issues faced by
the Bahamas. It takes the will of
the Government to do some-
thing about it, and if the will is
not there to do what is neces-
sary, it just doesn't happen."
Back to the Tourism Task-
force report again. It found that
Utility and mechanical costs for
the Nassau hotel were 36 per
cent and 114 per cent higher
than for its Caribbean and US
counterparts respectively.
The report identified as "a
major culprit" the higher elec-
tricity costs in the Bahamas,
where hotels would typically
pay BEC $0.16-$0.18 per kilo-
watt per hour, which was twice
the level for businesses in coun-
tries such as Ireland, the UK,
Germany, the US and Spain.
The report said: "One

informed Bahamian business-
man believes that a well man-
aged private power producer in
the Bahamas could produce at
$0.09-$0.10 cents per kilowatt
This means that the cost to
Bahamians of an inefficient
BEC is almost $0.50 on every
dollar spent on electricity."
The report found that the
Nassau hotel's room payroll
costs were 40 per cent and 17
per cent higher respectively
than their Caribbean and USA
counterparts, and this combined
with productivity "place the
Nassau, hotel at a distinct com-
petitive disadvantage".
The report found that the
weekly salary for a waiter (with-
out gratuities) and a cashier in a
Nassau hotel were significant-
ly higher (at $205 and $297
respectively) than their equiva-
lents in the Dominican Repub-
lic, which it. attributed to the
latter using more labour, reduc-
ing its significant cost per unit.
Food and beverage expens-
es, though, were 21 per cent and
183 per cent higher for the Nas-
sau hotel against its Caribbean
and United States counterparts,
a figure it described as
"absolutely astounding" and
reflected the high cost of pilfer-
age and wastage.

Seeking a candidate to manage a network operation

Successful candidate must have extensive Terminal
Server 2003 knowledge, Windows XP installation
and operation know how. Citrix knowledge a plus.

For candidates passing initial, screening, there is a
one hour test.

Please send your CV to:


Legal Notice

(No.45 of 2000)

In Voluntary liquidation

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

The date of commencement of dissolution is the 15th day of
June, 2007.

Ms. Ximena Furtado Cazes
Juncal 1305, 21st Floor
Montevideo, Uruguay




Dr. H. Coleman
Bahamas Internventional Cardiology Center

Legal Notice

(No.45 of 2000)

In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4) *
of the International Business Companies Act (No. 45 of 2000),
ATLAC HOLDINGS LTD. has been dissolved and struck off the
Register according to the Certificate of Dissolution issued by the
Registrar General on the 8th day of June, 2007.

Luis Piineyrfga Pittaluga
Juncal 1305, 21 Floor
Republica Oriental del Uruguay

To meet the challenge of operating our growing business, we wish to recruit a:

Compliance Officer

Main responsibilities

- Planning, organizing the compliance function for the bank
- Developing and maintaining adequate policies and procedures
- Reviewing and managing the documentation of client files
- Liaising with regulators and compliance officer of the Group

Ideal profile Several years of experience as compliance officer in private banking
Knowledge of Bahamian and international compliance requirements
Computer literacy with communication skills
Motivated team player with pleasant personality
Must be able to work independently with minimal supervision
Ability to conduct the monitoring of credit risk clients is an asset

What we offer

-The opportunity to play an active role in the success of an innovative bank
- The chance to work within a dynamic and motivated team
- A salary which is commensurate with the job
- Competitive welfare benefits

a ii'7 'uI odr o o vr 'o ln i totit.

Please send your resume and reference to: betsy.morris@syzbank.com
SYZ & CO Bank & Trust LTD. I Tel: (+1 242) 327 66 33
Bayside Executive Park I P.O. Box N -1089 I Nassau, Bahamas www.syzbank.com

Privalll te anig AdW
lli3 Ip^^^jj^'ifm^H^^r^mii

JULY 2, 2007

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

Florida Roadtrip Antiques Roadshow Reno" Victo- Histor Detectives A $6 bill dated Simon Schama's Power of Art
WPBT Cycling rian sterling silver tea set; 20th-cen- Feb. 17,1776; a paper signed by Al- "Bemini" Gian Lorenzo Bemini, The
tury leaded-glass lampshade. lies. (N) n (CC) Ecstasy of St. Theresa." (N)
The Insider (N) The New Adven- The New Adven- Two and a Half :31) How I Met CSI: Miami "Darkroom" The CSI
0 WFOR n (CC) tures of Old turesofOld Men Father-son YourMother C team finds dozens of pictures of
Christine (CC) Chrine (CC) bonding. (CC) (CC) missing women in a safe. (CC)
Access Holly- The Real Wedding Crashers A Age of Love Mark has lunch with Dateline NBC A retrospective of
WTVJ wood (N) (CC) Burbank, Calif., couple works with two women who sit at different ta- Stone Phillips' interviews and inves-
crashers at the wedding. (N) bles. (N) A (CC) tigations. (N) n (CC)
Deco Drive Hell's Kitchen n (PA) (CC) Hell's Kitchen The remaining seven News (N) (CC)
SWSVN chefs must present a meal for a
wedding reception. (N) (CC)
SJeopardy! (N) Wife Swap A mom who lets her (:01) Extreme Makeover Woman Supernanny "Nitti Family" A woman
WPLG (CC) three sons rule the house swaps with a severe overbite; 45-year-old has trouble managing her four
with a militaristic mom. \ (CC) amputee. (N) (CC) young boys. 1 (CC)

[:00) CSI: Miami CSI: Miami The team probes the The Sopranos "Christopher" Columbus Day Parade (:17) The Sopra-
A&E Broken" n (CC) murder of a male stripper at a fe- draws a protest. n (CC) nos The Weight
Sale sex party. A (CC) (CC)
Hardtalk BBC News World Business BBC News Click Online Es- BBC News World Business
BBCI (Latenight). Report (Latenight). sential guide to (Latenight). Report
T The5ive (CC) *x LEPRECHAUN: BACK 2 THA HOOD (2003) Warwick Davis. An evil Soul Food A (CC)
BE leprechaun will stop at nothing to protect his gold. (CC)
BC Soccer FIFA U-20 World Cup -- Austria vs. Congo. From Edmonton. (Live) (CC) CBC News: The National (N) (CC)
S (:00) On the Fast Money The Millionaire Inside: Debt Free The Big Idea With Donny Deutsch
CNBC money_____________________
C N 00)ThemSitua- Paula Zahn Now (CC) LarrKing Live Isaiah Washington. Anderson Cooper 360 (CC)
CNN uon Room (N) (CC)
Scrubs "His Sto- The Daily Show The Colbert Re- Mind of Mencia South Park Scrubs"My Extra Scrubs "My
COM ryII" (CC) With Jon Stew- port (CC) Rapper Method Starvin' Marvin Mile" (CC) Bright Idea" C
art (CC) Man. (CC) returns. (CC) (CC)
COURT Cops "Fort Best of Beach Patrol: Behaving Speeders Speeders Party Police: Vegas Bikers
COURTI Worth" A (CC) Badly (N)
The Suite Life of ** QUINTS (2000, Comedy) Kimbery J. Brown, (:35) That's So That's So Raven Life With Derek
DISN Zack & Cody Daniel Roebuck, Elizabeth Morehead. The arrival of Raven New sup- Competition. C Casey called
Teen club. (CC) quintuplets stuns a family. plier. CC) (CC) "Klutzilla." (CC)
DIY This Old House Home Again Desperate Land- Kitchen Renova- Kitchen Renova- DIY to the Res- Assembly Re-
Sn (CC) (CC) escapes tions tions cue quired
DW Gero von Boehm begegnet Landerspiegel Journal: Tages- Projekt Zukunft Journal: In Euromaxx
D Ithdma Depth
!The Daily 10 (N) 25 Most Memorable Swimsuit Moments Unforgettable bathing suits. Half Year Best Best of Worst
E H!aTalk
ESPN (00) MLB Baseball Minnesota Twins at New York Yankees. From Yankee Stadium in the Baseball Tonight (Live)
E N ronx, N.Y. (Subject to Blackout) (Live) (CC)
GSol ESPN: 2007 Paris-Roubaix World Cup 2007 World Series of Poker Satel- 2007 World Series of Poker Satel-
ESPNI Fuera de Juego Highlights (N) lite event from Las Vegas. lite event from Las Vegas.
WTN Daly Mass: Our The Journey Home Letter and Spirit The Holy Rosary Abundant Life
T T Stretch Max: The Gym "Hot Squad" Amber tries FitTV's Diet Doctor "Atkins" The FitNation "Barefit and Pregnant"
FIT TV Cathe Friedrich out for a cheer squad. C Atkins diet. (CC) Healthy pregnancies. (CC)
OX-N Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
FOX-NC Shepard Smith Susteren (Live) (CC) '
FSN FL In Focus on FSN Poker Superstars Invitational Inside the Mar- Marlins on Deck MLB Baseball Florida Martins at
Tournament lines (Live) San Diego Padres. (Live)
GOLF The Approach European PGA Golf 2002 Deutsche Bank SAP Open -- Final Round. The Turn Champions
L ___Tiger Woods. Learning Center
GSN camouflage High Stakes Poker (CC) High Stakes Poker (CC) High Stakes Poker (CC)
GSN (CC)nOuflage
(:00) Attack of X-Play X-Play X-Play: Cops"Jack- Cops "Jack- Ninja Warrior Ninja Warrior
G4Tec the Show! (N) The Musica" sonville"- (CC) sonville" (CC)
(:00) Walker, Walker, Texas Ranger Walker and * LITTLE HOUSE: LOOK BACK TO YESTERDAY (1983, Drama)
HALL Texas Ranger Alex go under cover at a ritzy resort Michael Landon, Melissa Gilbert, Matthew Laborteaux. The family learms
"Saving Grace" to stop terrorists. Cl Albert has a fatal blood disease. (CC)
(:00 Design Star Design Star The competition is nar- Design Star The two remaining de- Design Star (Season Finale) The
HGTV (cc) rowe down to the final two. n signers face off. C (CC) winner is announced. (N) n (CC)
INSP Morris Cerullo Breakthrough Ed Young Everyday Life.Today (CC) This Is Your Day The Gospel
IN P (CC) Woman (CC) Truth
Reba Reba runs My Wife and According to According to Friends Joey Everybody Everybody
KTLA in a K race Kids The Kyles Jim "The Pizza Jim Jim's real fa- asks Phoebe's Loves Raymond Loves Raymond
against Brock. attend a funeral. Boy" C (CC) their. n (CC) sister on a date. Debra is late. n (CC)
Still Standing Army Wives "Independence Day" ** x AURORA BOREALIS (2005, Drama) Joshua Jackson, Donald
LIFE Linda's cat dies. Roxy leams that Marilyn Polarski is Sutherland, Juliette Lewis. Premiere. An aimless young man cares for his
Cl (CC) having an affair. (CC) ailing grandfather. (CC)
MSNBC Hardball Countdown With Keith Olber- Scarborough Country MSNBC Reports Long Beach, Calif.
NISpongeBob Drake & Josh SpongeBob Funniest Home Fresh Prince of Fresh Prince of Fresh Prince of
NICK SquarePants Cl (CC) SquarePants C Videos Bel-Air Bel-Air Bel-Air
NTV HowI Met Your The Real Wedding Crashers "Jina Age of Love (N) l (CC) News (N) l News
Mother l (CC) and Christian" (N) A (CC) (CC)
SPEED Pinks Inside Nextel Cup (N) Payback Travis Payback Robert Payback Ken Payback Jaime
S EBarker. Downey, Jr. Shamrock. Pressley.
Bishop T.D. Behind the Mark Chironna Jentezen Jesse Duplantis Praise the Lord (Live) (CC)
TBN Jakes (CC) Scenes (CC) Franklin (CC) (CC)
Everybody Friends The pos- Friends Joey is Friends Chandler Friends The fa- Family Guy Family Guy n
TBS Loves Raymond sibility of preg- nominated for a loses the wed- their of Rachel's Meg's first kiss. (CC)
"Left Back" V nancy. (CC) 'Soapie." (CC) ding film. baby is named. l (CC)
(:00)Little Peo- Little People, LittlePeople, Big Medicine "Weight N' See" Inside Brookhaven Obesity Clinic
TLC pie, Big World Big Worl fe ig World Stool Marc's insurance will not cover his "Mission Self Destruct" Former
(CC) ent jobs. (N) kits. (N) (CC) hospital stay. (N) wrestler Val Puccio. (CC)
(:00)Law & Or- Law & Order "Magnet" Detectives The Closer The squad finds a body Hearland A patient needs a living
TNT der "Ghosts" Cl investigate the strangling of a prom- while attending the funeral of a for- donation from her brother, incarcer-
(CC) (DVS) rising Hispanic student., mer colleague. (N) (CC) aled for murder. (N) (CC)
TOON Pokemon:Dia- XiaolinShow- CampLazlo Home for Imagi- GrimAdven- Courage the Naruto
TOON mond and Pearl down A (CC) nary Friends tures Cowardly Dog
TV500) Toute une (7:55) Vie privde, vie publique Des gens don't la vie privde et la vie Les Grands Relais gour-
'TV5 histoire publique s'entremelent. .'musees mands
TWC Storm ties Abrams & Bettes Weather: Evening Edition (CC)
00)Duelo de Yo Amo a Juan Querend6n Destilando Amor Crstina "La Fea Mas Bella".
UNIV PasIones
(:00) Law & Or- Laws Order: Special Victims Unit WWE Monday Night Raw Starring WWE Champion John Cena, former
USA der: Criminal In- DNA tests on a dead girl reveals an ECW Champion Bobby Lashley and new Women's Champion Candice
tent C (CC) incestuous pregnancy. Michelle. (Live) n (CC)
VH1 Flavor of Love: Embarrassing Moments Celebri- Embarrassing Moments 2 Celebri- Celebrity Eye Candy Footage. C
I_ ___ Charm School ties face humiliation in 2004. C\ ties face humiliation. C
VS (:00) Boxing 2007 Humberto Soto vs. Humberto Tole- Boxing 2007 Will Grigsby vs. Ulises Solis.
I iS. do. (DVS)
S:00) America's America's Funniest Home Videos America's Funniest Home Videos WGN News at Nine (N) n (CC)
i WGN funniest Home Cn (CC) Pinatas. C (CC)
SVideos C (CC)
Everybody Everybody All of Us Fa- Girlfriends The Game Major CW11 News at Ten With Kaity
WPIX Loves Raymond Hates Chris their's 60th birth- Jabari has been locker-room rift. Tong, Jim Watkins (N) (CC)
/l (CC) School field trip. day celebration, skipping school. Cl (CC)
Jeopardy! (N) Dr. Phil Prejudiced guests become News (N) Jeopardy! (CC) Frasier Frasier Frasier "Boo!"
SWSB K (CC) enlightened. C (CC) and Roz room to- Frasier dons a
-._ ,a,, l gether. (CC) clown costume.
(6:30)** DOC- Entourage Dra- Flight of the Big Love "Rock and a Hard Place" John From Cincinnati "His Visit:
H BO-E TORDOLITTLE ma rekindles a Conchords Rhonda threatens to blackmail Nic- Day Three" Some thugs rough up
(1998) 'PG-13' romance. (CC) "Mugged" (CC) ki. (N) C (CC) John. C (CC)
(6:15)** *t PHAT GIRLZ (2006, Comedy) Mo'Nique, Jimmy (:45) BIG MOMMA'S HOUSE 2 (2006) Martin
H BO-P SOMETHING Jean-Louis, Godfrey. Two large women look for love. Lawrence, Nia Long. An FBI agent reprises his dis-
NEW (2006) n C 'PG-13' (CC) guise, posing as a heavy nanny. C 'PG-13' (CC)
S:45) * AQUAMARINE (2006, Comedy-Drama) Sara Paxton, Joanna * DOCTOR DOUTTLE (1998, Comedy) Eddie Mur-
H BO-W JoJ Levesque, Emma Roberts. Two youngsters discover a mermaid in phy, Ossie Davis, Oliver Platt. A 20th-century doctor
I their beach club's swimming pool. C 'PG' (CC) can talk with animals. Cl 'PG-13' (CC)

(:15) ** RUMOR HAS IT ... (2005, Comedy) Jen- ** FORCES OF NATURE (1999, Romance-Come- (:45) The Making
H BO-S nifer Aniston. A woman stumbles onto a family secret dy) Sandra Bullock. A groom hurries to his wedding, Of: The Island
about her heritage. C 'PG-13' (CC) with a fellow traveler. A'PG-13' (CC) Cn (CC)
(6:20) A CON- * IDLEWILD (2006, Drama) Andrd Benjamin, Antwan Patton, Paula * THE 40-YEAR-OLD VIRGIN
MAX-E TAMINATED Patton. Hoodlums seek control of a speakeasy. Cl 'R' (CC) (2005, Romance-Comedy) Steve
MAN Cl Carell./, 'R' (CC)
(:20) * ACCEPTED (2006, Comedy) Justin Long, * HOUSE OF WAX (2005, Horror) Elisha Cuthbert, Chad Michael
M 0 MAX Jonah Hill, Blake Lively. A college reject and his friends Murray, Brian Van Holt. Murderous twins entomb their victims in wax. Cl
create a fake university. n 'PG-13' (CC) 'R' (CC)
(6:45) ** 4 DU- (:15) * DIRTY DANCING (1987, Romance) Jennifer Grey, Patrick Weeds "Mrs. Weeds Nancy
SHOW ANE HOPWOOD Swayze, Jerry Orbach. iTV. A sheltered teen falls for a street-wise dance Botwin's Neigh- and Conrad fear
(2005) instructor. l 'PG-13' (CC) borhood" (CC) a raid. (CC)
(6:10) *% THE *** THE BIG WHITE (2005, Comedy) Robin (:45) ** INTO THE BLUE (2005, Adventure) Paul
TMC NEXT BEST Williams, Holly Hunter. An indebted travel agent tries to Walker, Jessica Alba, Scott Caan. Four divers cross
THING (2000) commit insurance fraud. n 'R' (CC) paths with drug smugglers. Cl 'PG-13' (CC)

Simply the Best"

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Make great gifts!



MONDAY, JULY 2, 2007, PAGE 13B

PAGE 14B, MONDAY, JULY 2, 2007




APARTMENT 3-G........



Tk wccaTW

e/QR \P AtVr
A LkW' j
'4Ju' 'JLIA4CCt eev



1 Mum's lucky bed? (6)
7 Change I mention very quickly
indeed (2,2,4)
8 Price of a ring? (4)
10 Note left for a fellow in a religious
house (6)
11 Say a tress is loose (6)
14 Means of building a flying device with
no tail (3)
16 Name the Tory leader with a new suit
17 After that, figure to get out
of breath (4)
19 How a soft-hearted schoolgirl
managed (5)
21 Having eaten too many dates,
perhaps? (5)
22 Raced into the wood (5)
23 Painter of a Yankee in a knockout
contest (4)
26 One who ran out of central
Rome? (5)
28 Possesses not all one's
purchases (3)
29 I thus exclude the
Met. line (6)
30 The way a Frenchman is
so calm! (6)
31 Fairish girl? (4)
32 Friendly and sociable, nevertheless
leaving (8)
33 Treasurable new tune about
a horse (6)

Yesterday's cryptic solutions
ACROSS: 1, Opte-d 6, Cedes 9, Vi-negar 10, Train 11,
Poker 12, Fists 13, Re-aches 15, Me-G 17, E-LSE 18,
Sonata 19, Fr-own 20, Ideals 22, Save 24, Net 25,
Cinemas 26, Stain 27, Repot 28, Attic 29, Le-gible 30,
Steer 31, ER-ode
DOWN: 2, Parcel 3, E-V-ince 4, Din 5, Semis 6, C-apt-ion
7, Eros 8, Eye-let 12, F-ears 13, Resin 14, As-set 15,
Madam 16, Games 18, Swa-l-n 19, F-L-utter 21, Defect
22, Se-TT-er 23, Varied 25, CIVIC 26, Sole 28, A-le

1 To sum up, a pet is something
sweet (6)
2 Jaw about music, or a
composer (6)
3 It's over 50 that may be herein (4)
4 Beaten fabric? (7)
5 Jules could always give you the right
time (5)
6 Being short, they need some urgent
supplier (5)
8 Accept that it's a variety of teak (4)
9 Allowed a halt share of a chalet (3)
12 He's in residence (3)
13 A school place (5)
15 All to give a child a name (5)
18 Americans giving hotheaded boos,
perhaps (5)
19 Not the nicest of academicians (3)
20 By halving a period (3)
21 Politician taking a line from notaries,
possibly (7)
22 Cable car? (3)
23 Concerned about racing? (6)
24 Adopts American ways (4)
25 Pester to gel something adjusted in
advance (6)
26 Where to get a piano with a wrought
iron frame (5)
27 Maxim of many a German (5)
28 Would a gopher go soft on that
woman? (3)
30 Indication of ultimate
wrongdoings? (4)

yesterday's easy solutions
ACROSS: 1, Claps 6, Style 9, Lucifer 10, Asian 11, Tease
12, Paste 13, Pelican 15, Rot 17, Arid 18, Define 19,
Sewer 20, Stolid 22, Peri 24, Yes 25, Secured 26,
Liver 27, Stoic 28, Atlas 29, Console 30, Green
31, Prank
DOWN: 2, Lesser 3, Placid 4, Sun 5, Milan 6, Settler 7,
Tree 8, Lesson 12, Paced 13, Pansy 14, Lidos 15, Rider
16, Tepid 18, Defer 19, Silicon 21, Teeter 22, Punter 23,
Remain 25, Sense 26, Lice 28, Alp

1 Rented room (6)
7 Respectful (8)
8 Unaccompanied (4)
10 Felt (6)
11 Procession (6)
14 Catered (3)
16 Weary (5)
17 Rodents (4)
19 Satisfied (5)
21 Easily
frightened (5)
22 Temptress (5)
23 Wound's
mark (4)
26 Check (5)
28 Friend (3)
29 Flower (6)
30 Salty (6)
31 Snare (4)
32 Island (8)
33 Relaxed (6)


Foresight I

West dealer.
Both sides vulnerable.
A Q,65
A 8 6 51

YK 10
+K 10

542 VJ763
*J10 72

The bidding:
West North East South
1 V Pass 3 V Pass
4 V Pass Pass 44
Opening lead four of hearts.

This deal occurred during the
1984 World Team Olympiad in the
match between Pakistan and Ger-
many. It features a play that is sel-
dom seen in actual practice, although
the opportunity for it arises more fre-
quently than is generally realized.
Declarer with the South hand
was Jan-e-Alam Fazli of Pakistan.
His out-of-the-blue four-spade bid
was intended primarily as a sacrifice
against four hearts. But when West
led a heart and the surprisingly
strong dummy camera down, Fazli
realized he had a genuine chance to

s Rewarded
make the contract.
He finessed the queen of hearts at
trick one and cashed the ace, discard-
ing a club. At this point, most declar-
ers would probably lead a low trump
from dummy, hoping to lose only
one trump trick and two clubs and so
make four spades.
But this approach would not have
met with success. West would win
the king of spades with the ace and
shift to the K-10 of clubs, won by
East with the queen. A third round of
clubs would then .render South help-
less. If he ruffed low, West would
overruff with the nine; if he ruffed
with the queen instead, West would
discard and eventually score the set-
ting trick with the nine of trumps.
Fazli wisely foresaw that this
might occur if he led a spade at trick
three, so instead he led the eight of
hearts and discarded the seven of
clubs on it!
This immaculate play effectively
severed the defenders' communica-
tions. After winning the heart, West,
led the K-10 of clubs, declarer ruff-
ing East's queen. Fazli then finessed
the queen of diamonds and returned
a low spade.
West took the king with the ace
but could do no better than return a
diamond. Fazli won with the ace,
cashed dummy's ten of spades and
ruffed. a diamond. The queen of
.spades .then, rew West's nine, and
the doubled contract came rolling

four letters or mor more
can you make from sN E
the letters shown o B
here?In making a
word, each letter may |
be used once only.
Each must contain the -A d ,
centre letter and there 8*
must be at least one
nine-letter word. No U
plurals or verb forms 5
ending in "s", no words with initial capitals and no 3 "B
words with a hyphen or apostrophe permitted. The8
first word of a phrase is permitted (e.g. inkjet in
inkjet printer). 2 8

Good 15; very good 22; excellent 29. g i
Solution tomorrow.

1 Sausage (6)
2 Inclinations (6)
3 Stepped (4)
4 Discussed (7)
5 Exclude (5)
6 War-horse (5)
8 Mild (4)
9 Guided (3)
12 Free (3)
13 River-mouth (5)
15 Humped mammal (5)
18 Soothsayer (5)
19 Term of respect (3)
20 Can (3)
21 Nominal (7)
22 Thus (3)
23 Cold dishes (6)
24 Film extract (4)
, 25 Staggered (6)
26 Sharp (5)
27 Extinguish (5)
28 Equal (3)
30 Celebrity (4)

A l


sev eralCrlae

Gawain Jones v Magnus Carisen,
Gaudsal 2007. Jones, 18, is,
along with David Howell, two
years younger, Britain's most
promising teenager. The
languages student, who soon
starts his university course at
Trinity College, Dublin, has an
imaginative attacking style and
tied third in the 2006 British
Championship. A great talent?
Not by world standards. Jones's
Opponent in today's position is
still 16, but is already talked of
as rivalling the legends Bobby
Fischer and Garry Kasparov as
the best of his age the world has
ever seen. The Norwegian
already ranks in the
international top 20 and was
runner-up this year at Linares,
the "chess Wimbledon"'. When
they met at Gausdal, Carisen
was the heavy favourite and
defused the Brit's attack to reach

I n-

a rook e
still see
since hi:
and Rxb
turn see
Jones sa

Chess solution 8404: LKd4 a
because of 2 Rxe6 fxe6 3 a6 c3 4
Kf3 Qhl+ and Qxa8.

endgame a pawn up. There ,
ms a chance for White,
s a5 pawn is dangerous
67? axb6 is losing for
.Black (to play) had
ing under control. His next
*med harmless, but when
iw its implications he
ed defeat What was j
winner? 4

nd White resigned
a7c2 5a8QclQ+6 6

i '"

- I


E .












TrlJ r 1 1 lKl 01 I I



TODA SAIS, "Do NOTls6.' *






JULY 2, 2007
ARIES Mar 21/Apr 20 ,
You're feeling a bit disconnected,
from the world lately, Aries. It's.'
nothing to worry about. You just need*.
some time alone and then you'll reac-t
quaint yourself with the status quo.
TAURUS Apr 21/May 21 .
It's best if you curb your sudden .
feeling of aggression, Taurus. You *
can put the energy to better use.
Make a list of things to do and get.i
to work.
GEMINI May 22/Jun 21 :
Write a thank you note to someone,
who has done you a favor lately, J
Gemini. It is best if you try to rekin- -
dle former friendships. A valuable I
one needs to be reinforced this week.
CANCER Jun 22/Jul 22 '.
Time and distance are no match for
Cancers who work their extensive con-
nections. You are definitely a person 'd
who knows how to network. Your 4
smile proves you're on top. ,
LEO Jul 23/Aug 23
In a clash of wills this week, Leo,'
you will come out the loser. Your
opponent has so much power that a
fair fight is impossible. Walk away
with your head high.
VIRGO Aug 24/Sept 22
It's a rare day when you have all of
the answers, Virgo. It's best if you
seek the advice of others when it
comes to a big decision. Work rela-
tions improve.
LIBRA Sept 23/Oct 23
You can't find a system that caters
solely to your needs, Libra. You
have to admit that sometimes
things won't go your way. Keep
activities simple this week.
SCORPIO Oct 24/Nov 22
Your senses are alive, Scorpio, and
you're feeling invincible. You embark
on a path of change at work and others
are inspired to follow your lead -
with varying degrees of success.
SAGITTARIUS -Nov 23Dec 21 ,*
Less is more this week, Sagittarius. t ,-
won't take much for people to wart r.
up to you. Consider curbing an: *
spending and concentrate strictly o0 *i
investment opportunities. ,
CAPRICORN Dec 22/Jan 20
Expect positive developments in a i
working relationship, friendship or.
romance, Capricorn. Actions speak .
louder than words for you this week, ',
so move forward.
AQUARIUS Jan 21/Feb 18
Don't start any new projects this '
week, Aquarius. You are known, to
give up on things a tad too easily .
and you already have plenty on
your plate.
PISCES Feb 19/Mar 20
Your world is a mix of love and adven- ,
ture this week, Pisces. Impulse runs
wild, but it never steers you wrong.
Share the fun with others.


b c d e f s h '.

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Celebrating extraordinary people. Enriching our communities.



THE BAHAMAS^^^^^^^^^^^^^

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FirstCaribbean Unsung Heroes
c/o Local Co-ordinator

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FirstCaribbean International Bank,
FirstCaribbean Financial Centre
2nd Floor
Shirley Street
Nassau, Bahamas

Nominations must be received by July 28, 2007
and may be posted to the address above or
delivered to a FirstCaribbean branch near you.

.. The FirstCaribbean family is aware that to
nurture our societies,.we must proudly honour
our Unsung Heroes, the extraordinary people
who quietly make a difference and enrich our
communities. We must support their causes to
which they selflessly devote their lives, and
acknowledge the sacrifices they have made to
make our communities and countries better.

We are now accepting nominations for the 2007
FirstCaribbean Unsung Heroes. Let's recognize
the Unsung Heroes among us and help give
their causes the recognition they deserve.

Send us your nomination describing their work
and the impact it has had on your community.

Nomination forms are available at FirstCaribbean
branches and on our website at

Nomination forms should be addressed to:

* Be an individual or group, dedicated beyond' the
ordinary towards social improvement
* Be willing to have their cause profiled in the local
and regional media
* Be a regionally focused person or team
* Not have a high media profile
* Be a Caribbean citizen/iesident for at least five years
* Be apolitical
* Not seek to directly promote any religious movement



.ifirstcarlbbeanbank.Mr Mi


St. Vincent & the Grenadines 2006 HERO
Care of the Youth and Elderly
jestina Charles has worn many hats in her
lifetime theologian, teacher, counsellor,
seamstress, homemaker and foster mother, in
more than 50 years of helping people. She is
renowned for her assistance to the elderly and
for administering feeding programmes for
over 30 years and has taught for many years
at various primary schools in St. Vincent.

St. Lucia 2006 Regional Runner-up
Extensive Work with the Youth and
Laura Collymore is a retired school teacher,
mentor, counsellor, caregiver, town clerk and.
humanitarian who has been actively serving
the fishing village of Laborie and its environs
for the past 30 years. She is a founding
member of Club 60, a group devoted to
engaging the elderly in activities.

The Bahamas 2006 Regional Runner-Up
Care and Support of the Hearing
For the past 15 years, Marvin Finlayson has
devoted his life to reaching out to the
hearing impaired. At the tender age of six,
he took ill with meningitis, which left himn
deaf. He became the first deaf person to
.graduate from the College of The Bahamas.
Marvin is one 'f thefounding members of
The Bahamas Deaf Sports Association.

Jamaica 2006 Regional Commendation
Community & Social Worker
Fabian Mitchell, 34, is living testimony that
hope is alive and well with the youth in our
region. He established the Cross Roads
Foundation, has worked voluntarily in the
inner-city communities of Kingston, and also
started a remedial programme for street boys
in the Jones Town community that became a
model for a similar programme in another
area in the city.


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