The Tribune.
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00084249/02932
 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: 7/3/2007
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_02932
System ID: UF00084249:02932

Full Text

, m ihl





Volume: 103 No.184 TUESDAY, JULY 3, 2007 PRICE 750

Bahamas losing

a t h I of I coleg




IC ca

Former minister

calls for government

to release report

on TG Glover

FORMER Minister of Works
Bradley Roberts challenges the
Ingraham administration to put
up or shut up on its assertion
that T. G. Glover is a potential
toxic waste site, attributing pre-
viously unmentioned incidents
of skin rash among workers at
the Ft. Charlotte site to Monkey
"I am reliably informed that
the overdue Toxic Waste
Report has been received by
the Government," said Mr
Roberts in a press release yes-
terday. "I appeal to the Gov-
ernment on behalf of the par-
ents, teachers, students, and the
public to release the report
forthwith to allow the works to
reassume without further
In his release, Mr Roberts
said that the report which the
government has in its posses-
sion confirms that the school
site on Horseshoe Drive is not a
toxic dump site.
"I am advise that the con-
tractor and six of his workmen
informed the Ministry of Works
months ago when they experi-
enced a rash and itching over
parts of their bodies and were
treated by physicians and
returned to the job site," the
former minister revealed yes-
"I am advised that there was
a large infestation of Monkey
Tamarind around the grounds,
which was covered over during

the excavation up to eight
feet for the foundation and
in all likelihood is the reason
for the rash and itch the con-
tractors and the workmen expe-
rienced," said Mr Roberts.
Mr Roberts' response is just
one in a series of public rebut-
tals given by former govern-
ment officials who have been
critical of what they perceive to
be an attempt by the Ingraham
administration to undo many of
the advancements made by the
Christie regime.
In a statement carried by the
media last month, Minister of
Education Carl Bethel indicated
that T G Glover would not be
ready for September and that
it was uncertain if the school
would be built on the same
grounds because of the toxic
However, according to the
former Minister of Works, these
assertions are a "farce." #
"Any reasonable person
would ask, why would the FNM
government be preoccupied in
seeking to demonize the
Christie administration, the pro-
fessional technical staff of the
Ministry of Works, the Ministry
of Education, and to put fear
in the heart and minds of par-
ents, teachers, students, and the
public without a shred of plau-
sible evidence to support their
outrageous allegations.
"The records will without a
doubt show that full and proper
SEE page nine

Woman makes PMH burns claim Concern at
chance of

* KIMBERLY Brown shows burns suffered when a hot cup
of tea fell on her at PMH.
(Photo: Tim Clarke/Tribune Staff)

A WOMAN is claiming ill
treatment and neglect after suf-
fering severe burns as a result of
a faulty bed at Princess Margaret
The incident occurred just
hours after she gave birth to t%% ins
by caesarian section, the woman
told The Tribune yesterday
She said that what makes the
situation even worse is that her
injuries hase left her unable to
breast feed her children.
Kimberly Brown gase birth at
8am last week Wednesday, in
what *.he claimed was a damaged
bed at the hospital. She claims
that at around 5pm that day, min-
utes after a nurse left a scalding
hot cup of tea on a tra attached
to the bed, the bed collapsed and
the tea spilled oLer her chest and
neck leasing her with first and
second degree burns.
Mrs Brown said what was most
disturbing about the entire inci-
dent was the treatment that she
received after it had happened.
As a patient, especially one in
the private ward, Mrs Brown said
she should have been given great
care and attention following the
incident, which she said should
have been treated as an emer-
gency situation.
SEE page nine

Passengers escape plane crash uninjured

Tribune Freeport Reporter
FREEPORT Four Ameri-
can vacationers onboard a small
private plane escaped uninjured
following a crash landing over
the weekend at the airport at

Treasure Cay, Abaco.
Pilot Henry Quintana, 63, of
Miami, Florida, was piloting a
twin engine Piper Aztec aircraft
R/N N84128 to Treasure Cay
from Miami, on Friday, June 29,
around 6.55pm when the plane
experienced power failure.

Passengers onboard the plane
were Mr Quintana's wife, Mer-
cedes, 59, Mr Ricky Sanchez,
66, and his wife, Vivian, 61, all
of Miami, and also homeowners
at Treasure Cay.
SEE page nine

I Bank buys macine foil pI(I i 'diayis apign]~ ~

a. P.
t i t'ayf i)


* PICTURED (1-r) are Shirley Cartwright, senior vice
president, credit risk; Sean Moore, marketing manager, The
Tribune; and Charlene Paul, vice president of operations.

PATIENTS with kidney ailments
whose lives rely on the equipment in
the Dialysis Unit of the Princess Mar-
garet Hospital can look forward to
having access to a brand new dialysis
machine, courtesy of Commonwealth
The bank, were among those who
answered a nationwide appeal from
the Tile King, FYP Ltd and The Tri-
bune to raise $164,000 for eight new
dialysis machines to replace outdated
equipment, Which is often out of ser-
vice for repair, leaving lives hanging
in the balance, according to medical
SEE page 12



being sold

Tribune Staff Reporter
CONCERN has been raised
as to whether potentially poi-
sonous fake toothpaste might
be being sold in the Bahamas.
Although there have been no
reports so far of the counterfeit
"Colgate" toothpaste having
made it to Bahamian shores,
some in the business communi-
ty have said the threat is a live
one as the toxic toothpaste has
been found circulating in other
parts of the Caribbean market
from where some Bahami-
an stores reportedly purchase
their merchandise.
Attempts to reach the minis-
ter with responsibility for con-
sumer welfare, Sidney Collie,
to determine whether any mea-
sures are being taken at gov-
ernment level to ascertain
whether the toothpaste is being
sold in this country were unsuc-
cessful yesterday as he was in
SEE page nine

Woman and
man charged in
with murder
A 27-year-old Milton Street
man, charged with murder and
attempted murder, and a
woman charged with harbour-
ing him, were arraigned in mag-
istrate's court yesterday.
Nairo Peterson, who had
been wanted by police, was
arraigned before Chief Magis-
trate Roger Gomez in Court
One, Bank Lane, yesterday
afternoon. He was charged with
the murder of Marvin Light-
bourne and the attempted mur-
der of Quincey Glinton
Cartwright. Peterson was also
arraigned on a marijuana pos-
session charge yesterday to
which he pleaded not guilty.
That matter was adjourned to
July 19 and transferred to Court
SEE page nine

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Former CDR executives fare

better than former leader

T was not at all surprising that
the Coalition for Democratic
Reform folded its tent last week. The
party was wiped out in the last general
election and when its founding leader
went back to the PLP recently it was
obvious that yet another attempt at
establishing a viable third party in the
Bahamas would fail, like all the oth-
It is easy to start a political party. In
a democracy like ours any group of
citizens can do it. They get together,
draw up a constitution and a plat-
form, elect officers and they are in
business. In the Bahamas the press
will gladly afford their public pro-
nouncements and activities promi-
nence as if they were an established
national party.
The Europeans are particularly
good at starting parties, especially the
French and the Italians. It was said
that any time three Frenchmen got
together to talk politics that would
be the beginning of another party.
What is not so easy is to establish a
party by organising nationally and
getting a foothold in parliament. Even
the ones that start out with a member,
or members, already in parliament
have no guarantee of survival. In this
category the CDR follows Sir Eti-
enne Dupuch's Bahamas Democratic
League and Paul Adderley's Nation-
al Democratic Party.

Perhaps the most remarkable
story of party organisation in
the Bahamas was that of the PLP in
1953. Almost single-handedly, the late
Henry M Taylor established branches
throughout the islands and kept in touch
with them mainly through the instru-
mentality of an old typewriter and a
manual Gestetner machine that churned
out circular letters.
Some of these letters disappeared in
the postal system as the powerful Old
Guard and its minions caught on to what
was happening; even Her Majesty's mail
was not beyond their reach in those days.
But Sir Henry, assisted by volunteers
who came in the afternoons to stuff
envelopes, persisted.
More important than Sir Henry's ded-
icated efforts was a confluence of events
that made the Bahamas ripe for the
establishment and growth of a political
party with popular appeal across the
Black Bahamians were becoming
more agitated over racial discrimination
and that was exacerbated by the ban-
ning of the movie No Way Out starring
Sidney Poitier; Sir Etienne fired the
imagination of black Bahamians when
he moved his anti-discrimination reso-
lution in the House of Assembly in 1956,

..RT H U R


and, of course, there was the general
strike of 1958, the greatest mass protest
in the country's history.

There had been many outstand-
ing black politicians in the past
but in the 1950s a new cadre of younger
and more militant leaders was emerg-
ing. Among them were Lynden Pindling,
Cecil Wallace Whitfield and Randol
S The new black leadership abandoned
the old politics of compromise, collabo-
ration and extracting concessions. They
were determined to remove the intran-
sigent Old Guard from power. The first
r elected members of the PLP took their
seats in 1956.
In debating the future of third parties
in the Bahamas, some have pointed to
the FNM as an example of a third party
which achieved national status and per-
manence. The facts do not offer much
support for this as the circumstances at
the time were unique and not likely to
occur again.
After the 1967 and 1968 general elec-

Dr Nottage will enjoy the power and
glory for the time being but he may
have seriously damaged his credibility
with many people who had great
confidence in him.

It is easy to start a political party. In a
democracy like ours any group of citizens
can do it. They get together, draw up a
constitution and a platform, elect officers
and they are in business.

tions, the political division in the
House of Assembly was clearly along
racial lines and there was a good
chance the UBP would have been
wiped out altogether. In any event,
the time had come to end racial poli-
A few enlightened and perceptive
members of the UBP, led by Geof-
frey Johnstone, understood this. So
when in 1970 a bloc of parliamentary
members of the PLP the Dissident
Eight voted no confidence in their
leader and were suspended from the
party, Sir Geoffrey proposed the dis-
solution of the UBP and turning over
the responsibility for opposition to the

After all, this was not a minor
parliamentary defection and
the Eight could not credibly be
accused of being Uncle Toms. Some of
them had been at the centre of a bitter,
uncompromising and. costly struggle
against the Old Guard. Indeed, one
politician who had earlier left the PLP
was convinced at the time that the
party had lost its soul. Maybe he had a
So in 1971 a new political party the
FNM was formed and assumed the
role of opposition, not third party. After
a disastrous splintering in 1977, the FNM
was reunified in time for the 1982 elec-
tion and has remained in parliament until
Incidentally, the dissolution of the
UBP and formation of the FNM has
been inaccurately defined as a merger,
and the same thing is being done now
with regard to the CDR. In spite of the
fact that former members of the CDR
have joined the FNM individually, some
sections of the press still refer to it as a.
In the case of the UBP, there can be
no question thit Sir Geoffrey and his
colleagues kept their promise to.dissolve
the party even though some of his die-
hard members did not like the idea and
had great difficulty accommodating
themselves to the new reality in Bahami-
an politics.

It may be of interest to note that
while Sir Geoffrey and his sup-
porters fulfilled their promise never to
run for political office in the Bahamas
again, it was one or two of the die-hards
who insisted on staying!
In the case of the CDR it appears that
there are some who also do not agree
with what the executives have done and
plan to continue. If that happens they
may carry the name but it will be a far
different animal with even less chance of
becoming a national party.

What is important is that the deck has
now been cleared as far as that is ever
possible in politics for a straight fight
between the PLP and the FNM in the
next election. There will be candidates
from other small parties, of course, and
independents as well, but circumstances
would seem to indicate that few, if any,
of them will survive.
The former members of the CDR who
have joined the FNM have got the better
part because their credibility is intact
and they can still do what they intended
to do in the first place when they left
the PLP.
Like the Dissident Eight, they were
disillusioned and wanted to help bring
better government to the Bahamas. So
they did not go back. Unlike the Dissident
Eight, they may not have to wait so long!

The former CDR leader, Dr
Bernard Nottage, is not in as
good a position. His going back to the
PLP is unlikely to make any fundamen-
tal difference with that party, as others
who went back years ago discovered in
the long run.
Dr Nottage will enjoy the power and
glory for the time being but he may have
seriously damaged his credibility with
many people who had great confidence
in him. They will question why he aban-
doned his colleagues and went back.
They will also question why he left the
PLP and started the CDR in the first
The answer may be found in an item
on Bahamas Uncensored, a website that
reflects the thinking of his PLP ministe-
rial colleague Fred Mitchell, Minister of
Foreign Affairs.
In November 2005, BU carried an
item headed "Nottage Is Back". It gave
a brief history of "retired Bahamian
political parties" and said all of them
failed to fire the imagination of the coun-
try except as a means of creating public
debate. Then BU added:
"It was not quite a mistake because
sometimes individuals have to take mar-
keting decisions to protect their futures.
Dr Nottage certainly joins Paul Adderley
and Fred Mitchell in that category. With-
out their own individual party political
efforts, they would not have seen the
boost in their political careers that ulti-
mately took them to the very top."
What a callous and cynical attitude!
Certain individuals start political parties
only as a marketing tactic to boost their
careers and protect their futures. At the
right moment they simply abandon their
sincere followers and their parties so
they can secure positions at the very top.
- i ....................................


For the stories

lel behind the
news, read
[S :Insight on

Monday .


1 NT

*In brief

Man appears
in court on
charge of
FREEPORT A man was
arraigned in Freeport Magis-
trate's Court on Friday in con-
nection with a housebreaking
Etienne Nelson, 36, of
Coral Reef Estates, was
charged before Deputy Chief
Magistrate Helen Jones with
housebreaking and assault
with a deadly weapon.
It is alleged that around
8.10pm on June 27, Nelson
broke into the home of the
late Preston Stuart at Madio-
ca Beach, Tyne Bay.
It is also alleged that the
accused assaulted a police
officer with a deadly weapon
on the same day.
Nelson pleaded not guilty
the charges. The matter was
adjourned to August 30. He
was remanded to Her
Majesty's Prison in Nassau.

Police look for
boat stolen
from Bell
Channel dock
GRAND Bahama Police
are seeking the public's assis-
tance particularly that of the
boating community in locat-
ing a vessel that was stolen
from a private dock at Bell
Chief Superintendent of
Police Basil Rahming said
that Donna LaFleur of Lan-
caster Close, Bell Channel,
reported that her boat was
stolen sometime between.
11.30pm on Friday, June 29,
and 12.30am on Saturday,
June 30.
The vessel, a 22-foot white
Seapro with blue Bimini top
and one 200hp Yamaha out-
board engine, named the 'Sea
Probe', was reportedly stolen
from the dock in front of her
Ms LaFleur said that the
boat, which was equipped
with GPS, VHF radio, eight
fishing rods and tackle, is val-
ued at $30,000.
Anyone with information
on the whereabouts of the
vessel, or the identity of the
person or persons responsi-
ble for removing the vessel,
is asked to contact the Central
Detective Unit at 350-3089 or
the duty officer at 919 or 911.

Fire at Social
Services is
by police
POLICE are investigating
a fire at the Department of
Social Services building in
George Town, Exuma.
Officers say they believe the
blaze started just after mid-
night on Monday.
A passing motorist alerted
local authorities that the gov-
ernment building was engulfed
in flames.
By the time fire-fighters
arrived on the scene, it was
too late to save the building.
No one was hurt as a result of
the fire.
Press liaison officer Assis-
tant Superintendent Walter
Evans said investigators from
New Providence were dis-
patched to the scene yester-
day morning.
Evans added that it was
"too early" in the investiga-
tion to give a cause of the fire.


S--] Pre Christmas S


"Lowest Prices
On The Island"


Donalfds Furniture

MONDAY THURSDAY 8:30AM 5:30PM A An ppitance centre






@In brief

Teenager in
condition after
AN 18-year-old girl suf-
fered multiple stab wounds
following an argument at
around 5am on Monday. *
According to a statement
issued by Assistant Superin-
tendent Walter Evans, the
victim and a man were
involved in an argument that
escalated into a physical
The victim, whose name
has not been released, is list-
ed as in serious condition at a
New Providence hospital.
Authorities are seeking to
detain a man for questioning.

Father and son
airlifted to
hospital after
traffic accident
and young son who were seri-
ously injured in a traffic acci-
dent in East End on Sunday
have been airlifted to hospital
in New Providence.
Nathan Hall, 47, of
Pinedale, Eight Mile Rock,
and his seven-year-old son
Errol, are expected to under-
go orthopaedic surgery at the
Princess Margaret Hospital.
According to police
reports, Mr Hall was driving
his green Ford Escort west
on the Grand Bahama High-
way around 7.55am, return-
ing to Freeport after drop-
ping off a relative at the Fer-
ry Dock in McClean's Town.
As he was driving through
the settlement of Gambier
Point, he apparently lost con-
trol of the vehicle and veered
off the highway into the
bushes and crashed into a
large wooden utility pole.
Chief Superintendent of
Police Basil Rahming said
the vehicle was extensively
He said Mr Hall and his
son sustained serious injuries
to their lower extremities and
were taken to Rand Memor-
ial Hospital, where they
received emergency medical
treatment. They were then
airlifted to Nassau.
Traffic police are continu-
ing their investigations into
the accident.

to replace
THE Broadcasting Corpo-
ration of the Bahamas is
replacing one of its transmit-
ting towers.
The tower, located on Set-
tler's Way in Freeport, stands
at 350 feet and has currently
reached its "full life span,"
according to the company.
According to Andrew
Gilbert, senior electrical engi-
neering consultant, after tow-
ers get to A certain age, they
must be replaced, "before
becoming a danger and
The tower is made of steel
which rusts from the expo-
sure to the atmosphere. The
rusting weakens the steel and
will eventually destabilise the
"The tower is the best way
to transmit signals from radio
and television stations for
broadcasting. It acts as a
magnetic pole which radiates
the signals to the communi-
ties," said the company in a
"This specific tower works
along with two others in the
field. The three work togeth-
er and while only two of the
towers are properly func-
tioning the pattern of the sig-
nal may be distorted. There-
fore, some parts of the
Bahamas will only receive a
weak signal while the tower is
being replaced."
The Broadcasting Corpo-
ration is currently searching

for a qualified company to
take down the tower and
erect the new one. Bids will
be taken until Friday, July 6.
"Once this date has passed
the bids will be evaluated. It
is only expected to take two
to three weeks for the work
to be completed once a com-
pany is chosen, as the new
tower is already on site."


International co-operation is

to thank for drugs seizures

Tribune Staff Reporter
LARGE narcotics seizures
by the police's Drug Enforce-
ment Unit over the past several
months can be attributed to
partnerships between Bahamian
authorities and external agen-
cies, DEU commander Ray-
mond Gibson said yesterday.
Mr Gibson said that Bahami-
an authorities cannot fight the
drug scourge "in isolation".
"We fight it in partnership
with other countries and that
has been very helpful," he said.
However, when asked
whether he felt the large
seizures indicated a greater
amount of drug trafficking or
an improved success rate on
behalf of the DEU and other
authorities, Mr Gibson's only
comment was that there is a
"constant flow" of narcotics
passing through the island chain.
He added that the amount
found on Friday was not par-
ticularly significant by compar-
ison to the average size of
seizures in previous years.
"Just in recent times we've
discovered that traffickers are

cutting down on the size of their
loads, simply because if they are
caught all would be lost on that
seizure," he said.
He would not go into detail
on how other agencies had
assisted Bahamian officers in
successfully gaining possession
of the drugs, adding that sever-
al other collaborative investi-
gations are underway.


Chief Supt Gibson also said
that when several suspected
high profile drug traffickers in
the region were first arrested in
recent years, his agency saw a
"drastic decline" in drug traf-
ficking through the Bahamas.
However, activity then rose,
with other "wannabes" stepping
forward to capture the lucrative
illicit market.
"The way we are located geo-
graphically, you'll always have
drugs moving through this
region. Because we are so close
to the US and the way our
islands are scattered, (drug
smugglers) tend to try to use
the cays as secure areas for traf-

ficking to those other coun-
tries," he explained.
In April, DEU officers
detected in Andros the largest
ever field of marijuana discov-
ered growing in the Bahamas.
At one and a half miles by 200
feet, its street value was esti-
mated at several million dollars.
In June, police found $7 mil-
lion in cash, along with
weapons, 1,000 rounds of
ammunition, millions of dollars
worth of cocaine and 70 pounds
of marijuana in a storage facili-
ty in Grand Bahama.
The find the largest cash
discovery in the history of
Bahamian law enforcement -
was described as having "deep
international connections" by
Police Commissioner Paul Far-
According to reports this
week by the Associated Press,
there has been a quadrupling
in the last year of suspected
drug flights into Hispaniola, the
land mass upon which both
Haiti and the Dominican
Republic are located.
Chief Supt Gibson said that
the Bahamas has felt the effect
of this increase.

Rival groups face off in Arawak Cay

A BITTER feud is brewing
on Arawak Cay between two
rival groups claiming to have
the mandate to represent conch,
fish, and food vendors.
Denying media allegations
that he was the leader of a
"renegade" group seeking "to
destroy the image and reputa-
tion" of the popular Nassau
night spot, Earl Hall claims that
he is the rightful leader of the
Arawak Cay Conch, Fish, and
Food Vendors Association.
"Bruno Minnis said that he
had an election, but the election
that he held was not with the
owners and operators and ven-
dors at Arawak Cay," said Mr
Hall. "He called an election
based on the advice that he
received from Mr Leslie Miller."
According to Mr Hall, the
original registered membership
of the ACCFFFVA was 39, and
he noted that "this has never
"This thing that he (Minnis)
has is not registered under the
laws under the constitution of
The Bahamas, and to my knowl-
edge, there is no structured
organization," added Mr Hall.
Armed with Articles of Asso-
ciation and an association seal,
Mr Hall said there is an urgent
need to establish clarification
as to which of the two groups
actually represents the vendors
at Arawak Cay.
The other group in question
is Minnis' Arawak Cay Vendors
Association (ACVA).
"When people speak about
the Arawak Cay Vendors Asso-
ciation, they are under the
assumption that it is 'the' asso-
ciation in Arawak Cay. That has
to be clarified," said Mr Hall.
Referring to statements made
by Mr Minnis, in which he stat-
ed that "disgruntled members.
.. are still 'in denial' after losing
a near landslide election four
years ago," Mr Hall said there
never was an election in the
However, Mr Minnis stuck by
his original statements saying
that after five to six years of
members asking Mr Hall to call
an election and having their
request denied, they took a vote
of no confidence in Mr Hall.
"After all the vendors got dis-
gruntled and didn't want their
representation anymore, We
went to Labour and he pres-
sured him to call an election

French-Canadians charged

after seizure of cocaine

TWO French-Canadian men
charged in connection with the
seizure of an estimated $3 mil-
lion worth of cocaine last week
were arraigned in magistrate's
court yesterday.
The drugs some 226
pounds of cocaine were
reportedly discovered on board
a 42- foot sailboat off the coast
of Eleuthera by Drug Enforce-
ment officers on Friday evening.
Yesterday, Jean Pierre
Gagnon, 61, and Jean Claude
Guindon, 57, both of Quebec,
Canada, were arraigned before
Magistrate Renee McKay at
Court six Parliament Street on
charges of conspiracy to pos-
sess, conspiracy to import with

intent to supply as well as pos-
session with the intent to supply,
in relation to the seizure.
It is alleged that the men con-
spired to import and possess the
cocaine sometime between Jan-
uary 2002 and June 2007. Court
dockets also state that the two
men being concerned together
and with others between Thurs-
day, June 28, and Friday, June
29, imported with intent to supply
and were found in possession
with intent to supply, a quantity
of cocaine. Both men, who
addressed the court through an
interpreter, pleaded not guilty to
all charges. The matter was
adjourned to July 12 and trans-
ferred to Court eight, Bank Lane.

"We've had quite a few drug
seizures in the Bahamas which
we know came directly from
Haiti and from the trend that

we see now, Haiti is a hot spot
so to speak, where drugs are
being stored for future trans-
port around the world."

\ Imported especially
With you in mind!

VLL *:


Established in 1956 by an old Bahamian family
Parliament Street (near Bay St.) Tel: 322-8393 or 328-7157
9 Fax: 326-9953
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several times, but he refused to
call an election," Mr Minnis said
in his defence.
"This is a democratic country
where the majority should rule.
What I did was I got a petition,
and of the 26 vendors of the
active 30 stalls signed the petition
to have an election," he added.
"He knew he could not win, so
he tried to hold on to something
that is no longer there."
Mr Minnis said his reason for
not having an article of associa-
tion for the Arawak Cay Ven-
dors Association is simple.
He said that he never had
another article of association
drawn up because a few vendors
felt that since they had put all of
their resources into the original
association over the years, they
would have preferred to have
the originals turned over to
them and their chosen leader,
as opposed to abandoning the
original association.
"That is what has been holding
me and the association back,"
said Mr Minnis. "That is what
held up back underneath the first
administration, because none of
the government ministries did
anything on Arawak Cay
because they could not get a clear
picture of who to deal with."
Mr Minnis said he is aware
that government is only willing
to deal with one representative,
and he is calling on Mr Hall to
back up his claims by holding
fair elections to establish the
vendors choice for the post.
Displaying two sheets of sig-
natures, Mr Minnis pointed out:
"Three quarters of the names
of vendors who supported me
and I still have another five
names to go."

* BRUNO Missis





IN THIS COLUMN yesterday we outlined
the many causes of the Bahamas' drop on the
tourism chart. From being number one in the
region the Bahamas has fallen back, opening
the way for those who once followed to now
While Bahamian tourism experts are biting
their fingernails wondering what to do, Bermu-
da reported Friday that tourists flying from the
United States had increased by 18 per cent.
Too many visitors today are complaining of
the hours wasted standing in long lines just to
get to an airport's check-in counter. Six visitors
this weekend had their three-day holiday in
Nassau ruined, not only by flight delays, but by
lost luggage.
The young woman who we mentioned in
this column" yesterday said she and her three
friends arrived at Fort Lauderdale airport at
1.30pm on Saturday for a 4pm flight to Nassau
on Spirit Airlines. Clutching her luggage and
her two-year-old daughter, she, and her friends
stood in line from 1.30pm until 3.05pm before
they got to the Spirit counter. Tired of holding
her daughter in her arms,. she sat her down
next to her. "A sheriff came 'up to me," she
said, "and told me that if I didn't hold onto her
he would give me a ticket for child endanger-
ment." Once more she took her child up in her
She said going through airport security
took only a few minutes. The problem came
when they had to stand in line for their luggage
to be added to the growing pile waiting to go
through the X-ray machine. By now their
flight was an hour late. She admitted that
there was a "bit of weather" around, but
attributed the delay to the airport congestion,
and the slowdown at the X-ray machine. Once
on the plane, the captain announced that they
had to take on more fuel because the full
plane was too light. She joked that probably it
was because they had no luggage. When they
arrived in Nassau, they in fact had no lug-
gage. It was still in Fort Lauderdale. This
meant another long queue and an hour and a
half delay at the lost luggage counter in Nas-
Her two other friends were flying in by
Continental. They too were waiting at Nassau
airport with no luggage.
A limousine.was parked at the airport to
take them to Atlantis. But first they asked to
be driven to Marathon Mall to buy a change of
clothing. Between them they spent $1,000 to
get swimsuits and a change for dinner they
didn't even have a tooth brush between them.
Although their bags were delivered to their
hotel the following afternoon, they were agi-
tated because at no time could they get any
information from Nassau Flight Services as
to where their luggage was or on which flight
it would arrive.
We soon discovered the reason for the lack
of information from a young Bahamian busi-

nessman, who although in no way connected
with the six visitors, had had a similar experi-
ence at Fort Lauderdale airport the same
morning. He said that Spirit had experienced
a "melt down."
He arrived at Fort Lauderdale airport at
8am Saturday, and stood in line for an hour
and a half before he could get into the termi-
nal. He eventually checked in at 10.50am for a
Spirit flight that should have left at 10.30am
He had to wait in line for another 20 minutes
for his two bags to go through the baggage X-
ray machine. The flight eventually got air-
borne at 11am.
When he arrived in Nassau he had no lug-
gage. He too had to queue up to give his infor-
mation to Flight Services. He explained that,
unlike the other airlines that control their pas-
sengers' luggage and can quickly get on their
computers and inform a passenger where his
luggage is and what flight it will be on, Spirit
has contracted the care of its passengers' lug-
gage to Nassau Flight Services. Nassau Flight
has none of these investigative facilities. It
has to meet every arriving flight to search for
missing bags. It is no wonder then when a
weary passenger tries to get information, he is
met with a typical "I en know", or a blank
The Bahamian businessman was told by
the Flight Services agent that she did not know
what flight would bring his bags, but she would
give him a call when they arrived. He was
concerned because one of the bags contained
a computer. At last at 7.30pm she called. He
had to get to the airport in half an hour
because she was leaving. As he lived at the
opposite end of the island he knew he could
not make the airport before her office closed.
"Then you have a problem," she told him.
She said she had no way of securing his bags
overnight there was no lock on the baggage
room, and she could not be held responsible
for what might happen. She said that the Con-
tinental staff would be staying later and she
would ask them to hold the bags until they left.
However, if he missed them, then he had a
"real problem."
As far as she was concerned, the problem
was now his, not the airlines that had failed
him, or Nassau Flight Services, their agents,
who for want of a lock could not help him.
Asked if it wasn't the airline's responsibil-
ity to deliver luggage to the passenger, the
Bahamian was bluntly told that that service
was for tourists only. He was a Bahamian and,
therefore, did not qualify.
Although the visitors were upset at the
long delay in Fort Lauderdale, they were even
more put out by the indifferent manner in
which they were treated over their lost luggage
in Nassau.
We hoped Atlantis' amenities would erase
their first impressions, but when we last saw
them they were not planning to return.

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

LEON E. 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

EDITOR, The Tribune
PLEASE allow us space to say
a heart felt thank you and con-
gratulations to our very own Dr
Jacinta Mackey-Higgs for her
first step in bringing relief and a
sound mind to many proud Fox
First and foremost we would
like to thank our fellow Bahami-
ans who saw the need to vote
based on morality and leadership
that we can trust in the person of
Mr Hubert Alexander Ingraham
and Mr Brent Symonette to lead
the team. Next we congratulate
both the Prime Minister and the
deputy for answering the call of
the Bahamian people in taking
back this country out of a seem-
ingly ineffective leadership. Now
we will watch in hope as we
watch as usual in amazement at
how you strategically step by step
restore the standards, respect and
not to mention our confidence in
our Bahamian Government sys-
tem which is meant to be democ-
Mr Prime Minister, we pray
you don't allow yourself to get
caught up in every comment
made as you make every effort to
set order in our system. May I
take this time to remind you that
it was our God who had to save
eight righteous people and two of
each creature in an effort to save
and regenerate the world. Steve
McKinney was wrong and we
will get over it, let's move on.
The old people have a saying, if
you stop to kick at every dog that
barks at you on your way to the
market, chances are you will nev-
er get to the market. Simply put
people will talk, criticise and
complain but we don't want five
years to pass and we are still try-
ing to convince them. Actions
speak'louderAthan words.
MrWPrime Minister, in a short
time the prison has gone through
three superintendents and we

have seen little or no change. We
are of the belief that it is simply
because the government failed
to change the administration.
Please look into the administra-
tion of places like these, we have
too many officers who the gov-
ernment refuse to place on retire-
ment to allow space and renewed
vigor for the younger workers to
feel good and strive to accom-
plish set goals. Need I remind
you that it was not only Mr Per-
ry Christie but rather his badly
misbehaved administration that
brought them defeat, but while in
power they (PLP) strategically
placed people in high places that
were loyal to them and who
would no doubt sabotage your
efforts if you leave them in place.
They are loyal to the point
that in Fox Hill they sent our
children, nieces' and nephews
home in Fred Mitchell (PLP) t-
shirts without our permission,
loyal to the point that Fox Hill
police station seemingly answers
the call based on political and
national bias. We recognize you
are not about victimisation, but
common sense has to come into
play here and some transfers
must take place to bring a bal-
ance to many of these institu-
tions. We trust you to make the
necessary changes, especially
after meeting with each con-
stituency as you always do.
In closing we, the small man,
would like to see some of the
government contracts (example
BEC and BTC security, low cost
housing construction) be given
on a three to five year contract
and the small man given a chance
and some of the big players be
turned down or even not consid-
ered. A very grave concern for

the past 10 years is to see a gov-
ernment that reduces the cost of
properties to affordable prices to
enable the small man to build a
dream home and minimum wage
to no less than $250 a week for a
40-hour work week as it is really
overdue for the past 15 years.
Mr Prime Minister, again we
congratulate you on your victory
and welcome you and your
strong, yet firm form of gover-
nance. We also thank you for giv-
ing us some one to believe in.
Thanks a million for Dr Jac-
inta Mackey-Higgs and for
bestowing the title of Senator
upon her, she is worthy. We won
Fox Hill despite the count at
election and we have proven that
our village is still worthy of cul-
tivating and grooming capable
leaders small and great and in
every walk of life. From Lionel
Davis, Fred Ramsey George
Mackey, Quincy "Thrill a
minute" Pratt, Laverne Eve, Big
John Pinder, Julian Frances and
now Senator Dr Jacinta Mackey-
Higgs just to name a few. As tra-
dition has it we are hoping that
other constituencies would ask
for proven moral Bahamians in
their neighbourhood to be select-
ed to represent them in the next
election, should their represen-
tative fail in fulfilling their office.
In choosing one of your own you
can be assured that some of your
concerns will be dealt with.
Again we thank you, Mr Prime
Minister, and to you Senator Dr
Jacinta Mackey-Higgs we say be
encouraged we have run a good
race, now we will finish our
course because He (God) who
has begun a good work in you
will support you unto the end,
and so will we. Have a blessed
June 2007

PLP need to realise their many failures

EDITOR, The Tribune
I HEARD Mrs Allyson May-
nard-Gibson make the comment
that the,PLP did such a good job
and left such a booming economy
in the last five years, the FNM
would have to do nothing but
ride around in their cars all day.
This type of mentality is exactly
why the PLP party does not have
a clue why they lost the general
election. Please allow me the
opportunity to bring to Mrs Gib-
son's attention the many issues
not addressed by the PLP which
will now keep the FNM busy for
at least another 10 years.
1) The high rate of crime was
not addressed.

2) The policemen were not
given proper resources to help
to combat this crime.
3) Not one school was built
to address the overcrowding of
our classrooms.
4) The straw market was not
rebuilt in five years.
5) The high unemployment
6) The issue of.where the
monies donated to NEMA to
help Grand Bahamians went.
7) The cries of the Sea Hauler
victims were not addressed.
8) The airport was not
brought up to standard.
9) Not one clinic was built to
address the needs of the sick.
10) The stadium that was
promised was never built among
many other things that were
These are only some of the
issues on a list that is far too long to
mention here. I now call on the
PLP to stop making ridiculous
statements and attempting to

divide this country any chance they
get. It is now incumbent upon
them to act like a responsible
opposition and join hands with the
government to see that the peo-
ple's work is done. Just as in 2002
when the PLP won they said t"*'
God had spoken and they we-r
the government for all Bahamian.
whether we voted or them or not.
God has again spoken and now
the FNM is the government for all
Bahamians. It is now time for the
PLP to stop being in denial and
accept the voice of God before
they cause a riot in this country.
Since it appears that they are
unable to do this I call upon the
persons that anointed Mr Christie
with oil to act as responsible men
of God and help the PLP accept
that God has indeed spoken and to
accept their loss for the betterment
of ALL Bahamians.
May, 2007.

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A Fox Hill

tribute, to

Jacinta Higgs

Why tourism is failing





*In brief



THE 16th Annual Royal
Bahamas Police Force Sum-
mer Youth Programme was
launched at Calvary Bible
Church yesterday.
The theme of the ceremo-
ny was "It takes a village to
raise a child".
The summer camp, which
began in 1991 under the
direction of former commis-
sioner of police B K
Bonamy, strives to make
young people better citizens.
A growing gang culture,
the proliferation of drug use
and sexual experimentation
during the early 1990s was
the driving force for the cre-
ation of the programme,
which provides a safe envi-
ronment for youngsters aged
eight to 16.
During his introduction of
the key-note speaker, Com-
missioner of Police Paul Far-
quharson remarked, "It is
better for us to invest in
young people before they
become problems of the
The summer camp will
expose "more than 4,000
young people" to education-
al programmes, sporting
activities, arts and crafts, as
well as field trips to historical
sites, he said.
For the duration of the
camp, assigned officers will
perform as camp counsellors
and guardians of the children
enrolled in the programme.
Minister of National Secu-
rity Tommy Turnquest was
the keynote speaker.
He told the crowd of
campers, counsellors, parents
and police officers that the
police force is "not just in the
business of maintaining law
and order. [They are] in the
business of building young
minds and bodies, and influ-
encing hearts and minds."
A highlight of the cere-
mony was the performance
by police canine "Rusty", a
five year old star potcake of
the RBPF canine unit.

Christie's comment on crime

dismissed as 'mambi-pambi'

FNM officials are rebutting
remarks made by opposition
leader Perry Christie and other
members of the PLP in
response to the murder of
David Rolle, which occurred
outside the Nassau Village
Urban Renewal centre last
Thursday night.
Residents of the area criti-
cised the FNM government for
removing the police officers
from the Urban Renewal Pro-
gramme, claiming that Mr Rolle
would be alive had this change
not been made.
On Sunday Mr Christie stated
during a web chat that no
Bahamian should die "because
of a government's lack of
vision," and MP for the area
Kenyatta Gibson said he did
not see how the programme
could work without the "teeth
of police support."
Yesterday, Minister of
National Security Tommy Turn-
quest dismissed these comments
as "mambi-pambi" and politi-

cally motivated.
"Let's take politics out of the
situation. I don't play politics.
The problem is someone got
shot, any objective person will
know that.
"Anytime someone is killed
it's a concern, but the govern-
ment isn't to blame. There are
strategies in place (to fight
crime), but they will not hap-
pen overnight."
When asked to respond to
the neighbours who believe the
death of Mr Rolle could have
been prevented if the centre
had been open, Mr Turnquest
replied, "Police (officers) can't
be everywhere. Police have to
do police work."
Through the relocation of
officers out of community cen-
tres and back to police stations,
Mr Turnquest believes the Roy-
al Bahamas Police Force will
be allowed to focus on the
"swift detection and apprehen-
sion" of criminals.
He noted that it was his min-
istry's mandate to ensure that
Bahamians feel safe in their

homes, in their neighborhoods
and on the streets but he does-
n't feel the government should
bear responsibility for "sense-
less", unpredictable murders.
Mr Turnquest also noted that
his government is focusing on
getting to the "root cause" of
With the new initiatives being
rolled out by his ministry and

the RBPF, Mr Turnquest said
the public should expect to see
"more police presence" in com-
Deputy chairman of the FNM
Johnley Ferguson said that one
must look at all the circum-
stances surrounding the murder
of Mr Rolle before jumping to
He called the statements
made by Mr Christie are
"ridiculous", "irresponsible"
and a ploy to incite Bahamians.
He further claimed that Mr
Christie's comments were sim-
ply a tactic by the PLP to evade
responsibility for the previous
government's shortcomings and
Mr Ferguson also stressed
that the public "must allow
police to do their investigation
and apprehend the murderer"
before any assumptions can be
According to Mr Ferguson,
the doors of the Urban Renew-
al Centre were "temporarily
closed" pending a further gov-
ernment review on the struc-

ture and the efficiency of the
programme, however no deci-
sions have been made on
whether to permanently close
any centres.
In May of 2007, just after his
appointment as minister, Mr
Turnquest hinted that there
would be certain "adjustments"
the Urban Renewal Pro-
Police Commissioner Paul
Farquharson, who had previ-
ously praised the efforts of the
programme, said yesterday that
the murder of Mr Rolle was an
unpredictable incident.
"Murder is difficult to pre-
vent ... young people are turn-
ing to violence to resolve con-
flicts, instead of talking."
He told The Tribune that
murders have occurred in many
areas where Urban Renewal
centres are located.
Commissioner Farquharson
said he feels optimistic that
some new initiatives the RBPF
are spearheading will "prevent
violence and break down fear
of crime."

Ingraham and other leaders fail to attend CARICOM meeting

Tribune Staff Reporter
THE importance of CARI-
COM was called into question
yesterday when prime ministers
from four Caribbean member
states including the Bahamas
- failed to attend the opening of
the organisation's heads of gov-
ernment summit in Barbados.
Although all 15 member
countries are being represent-
ed at the 28th CARICOM
Heads of Government Confer-
ence, observers noted that it
was quite unusual that so many
leaders were missing from the
opening ceremony.
Prime Ministers Hubert
Ingraham, Portia Simpson-
Miller of Jamaica, Said Musa
of Belize and the president of
Suriname, Runaldo Venetiaan

did not attend the opening of
the four-day conference yester-
However, the Bahamas is
being represented by Deputy
Prime Minister and Foreign
Affairs Minister Brent Symon-
ette, Minister of State for
Finance Zhivargo Laing and
Ambassador to CARICOM
Leonard Archer.
The last CARICOM chair-
man, Prime Minister Ralph
Gonsalves of St Vincent and the
Grenadines, in his outgoing
address said that in order for
CARICOM'S regional inte-
gration movement "to survive
and thrive", it must address the
day-to-day concerns of the peo-
ple of the region and "it must
benefit all the member-coun-
tries in a way which is not-undu-
ly beneficial to some and not to

* HUBERT Ingraham
"The founding fathers of
CARICOM and the Revised
Treaty of Chaguaramas have
put provisions and mechanisms
in place to ensure that the mem-
ber states must not be unequal-
ly yoked in perpetuity and with-

out compensatory balances.
"But measures to assist dis-
advantaged countries, sectors
and regions must not be for-
malistically crafted or imple-
mented in a manner which is a
sham," he said.
Mr Gonsalves also lashed out
at unnamed member states for
their lack of support of the
regional carrier LIAT.
The St Vincent prime minis-
ter said that although some
Caribbean countries do not
utilitise the airline, favouring
their own carriers or interna-
tional airlines instead, it is
important that all member
states actively support region-
al solutions to the transporta-
tion challenge.
"It is in my view an act of
irresponrisibility for any govern-
ment-to stand askance from

regional solutions to the practi-
cal issues of intra-regional air
travel. Moreover, it is entirely
contrary to the letter and spirit
of the regional integration
movement for some govern-
ments to act subversively of the
enterprise known as LIAT," he
Also addressing the confer-
ence yesterday, Barbados'
Prime Minister Owen Arthur,
the new chairman of CARI-
COM, said that this summit
must ensure the adoption of the
far-reaching report by Profes-
sor Norman Girvan towards "a
single economy and a single
development vision" for the
Caribbean region.
The Bahamas Ministry of
Foreign Affairs is expected to
give a report on the conference

CHMI Lit'l Chefs Summer Programme
Ages 10 to 14 Years
Nassau / Freeport Campus
July 16 20, 2007
Sessions 9:00am to 3:00pm daily

High Quality Programming: Participants work with trained Chef Instructors in an
industrial kitchen environment and gain exposure to the exciting, challenging and rewarding
field of culinary arts.
High Point: On day five of training each student will prepare a four-course meal and serve
two invited guests.
Award and Gift: Certificate of Participation, a Chef's Hat and Apron embroidered with
the COB logo and CHMI Lit'l Chefs Summer Programme.

TOPICS: Basic knife skills; vegetable cuts; stocks, soups and sauces; basic cooking
methods; Personal b-" ch, safety and hygiene; sanitation; food presentation and

Wednesday -

- -July 16
- July 17
July 18
- July 19
- July 20

Opening COB Heads & Industry Partners

Orientation Chefs Laudermilk & Maycock

Industrial Kitchen Tour Riu Chef Don Ingraham

Intro to Food Prep. Topics Chefs Laudermilk & Maycock

Food Prep. Instruction Chefs Laudermilk & Maycock

Food Prep. Instruction Chefs Laudermilk & Maycock

Prep. of Lunch for service to invited guests

Thirty (30) Hours of Training in total
Number of Students per Cohort: 15 (Nassau/ Freeport)
Fee per Student: $165.00 (ingredients and materials included)
FINALE: Top student from each cohort will be featured at the Ministry of Tourism's
Junkanoo Summer Festival Cooking Demonstration July 28, 2007, Arawak Cay. Each
will have an hour and a half to demonstrate the preparation of one of the menu items
they learned to prepare during the programme.

Our programme can help our young chefs to polish listening skills, follow instructions,
develop self-reliance and teamwork and acquire some pretty good skills in the kitchen.
You never know.. .This could be the start of an exciting career.

Visit our website at www.cob.edu.bs : :.iM IA, WISmNiG eAgS

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Both the sedan models come with anti-lock brakes, dual front and side air bags and a
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factory warranty.

At Nassau Motor Company, there's always a better way to get where you want to go.

Nassau Motor Company Limited
Shirley St. P.O. Box SS-62135 Nassau, Bahamas IN M C
Tel: (242) 328-2285 Fax: (242) 323-7272
Website: www.hondabahamas.com




P A G 6, T U S D Y J U L Y 3, 2 0 0 7 T H E T RIB U NE_.......


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1. Director of Alumni Relations & Annual Fund
SUMMARY: The Director of Alumni Relations & Annual Fund has two primary responsibilities: to
develop The College of The Bahamas Alumni Relations Programme and to plan and deliver a
successful Annual Fund fundraising program. The incumbent will have direct responsibility for
creating The College of The Bahamas' Annual Fund Programme. The Director of Alumni Relations
and Annual Fund will implement preliminary plans for The College's Annual Fund and will have direct
responsibility for soliciting leadership level Annual Fund gifts. The successful candidate will be
someone with strong interpersonal, communication (both orally and written) and organisational skills
who enjoys the challenge of engaging people on a one to one level. Reporting to Mather Leigh
Inc., strategic counsel to The College of The Bahamas in the operation of alumni relations and
development. This is an excellent opportunity for someone who is a graduate of The College and
who wants to serve their alma mater and will enjoy working with others to build a new Alumni
Relations and Development Department at The College/University of The Bahamas.
Annual Fund
1. Establish The College of The Bahamas Annual Fund through the implementation of the preliminary
strategic plan for the COB Annual Fund.
2. Provide continued development, evolution and implementation of new Annual Fund strategy.
3. Creates the Annual Fund solicitation, pledge chasing and gift acknowledgement and materials.
4. Creates the Annual Fund donor stewardship programme and materials.
5. In advance of alumni database utilisation, develops an electronic system for tracking annual
fund solicitations, solicitation responses and donations.
6. Segments Annual Fund prospects to determine leadership level donors and general Annual
Fund donors.
7. Face to face, telephone and email solicitations of leadership level Annual Fund gifts.
8. Engages and supports the COB Alumni Association's participation with leadership level gift
9. Maintains electronic/database records of alumni solicitations and contact (email, face to face,
telephone, etc).
10. Designs and implement the Staff & Faculty Fund as part of the Annual Fund Programme.

Alumni Relations
1. Participates in the development of short and long range strategic planning activities to realize
alumni engagement goals and objectives.
2. Develops and oversee the implementation of the College/University Alumni Relations Programme
including alumni events, alumni publications, alumni communications, alumni events calendar,
alumni special projects and the annual fund.
3. Provides strategic guidance and counsel to the College/University Alumni Association on the
development and delivery of its programs and integration with the College/University Alumni Relations
4. Oversees the successful execution of key alumni events, receptions, homecoming and reunion
class programs which builds loyalty and promotes the College in the lives of its graduates. Logistical
support for events is provided through the Office of Communication.
5. Engages senior management in furthering the advancement of alumni relations goals and assists
in educating faculty and staff in respect of the roles they can play supporting alumni and development
6. Maintains a lost alumni tracking programme to re-engage alumni with The College.
7. Develops and keep current the College's web presence and web, print and email communications
to alumni.
8. Provides a face and contact point for College/University alumni.
9. Works in collaboration with the Communications Department provide content for and co-produce
the Alumni Magazine.
10. Work in collaboration with the President and the senior team to plan and deliver high quality
and strategic alumni events which serve to strengthen fundraising efforts, alumni engagement,
University transition and The College's profile within key constituencies.
Ability to plan and execute a range of strategic events.
Excellent interpersonal skills and the ability to interact effectively with academic leadership,
faculty, prospects, donors, and volunteers in a wide range of roles.
Ability to exercise good judgment and to use discretion in interactions with donors, prospects,
volunteers, and others.
Ability to work effectively within a team environment.
Demonstrated organizational skills and experience in managing events and other complex
activities in support of College/University objectives.
Willingness and availability to travel and to work extended hours as necessary.

Bachelor's degree
Excellent interpersonal and communication (written and verbal) skills
Demonstrated ability to present information concisely and effectively, both verbally and in writing
Exceptional analytical skills and experience in managing a program requiring analysis and
strategic planning
Demonstrated ability to organize work and to manage competing priorities and deadlines
Demonstrated proactive work ethic and ability innovate, set and meet goals
Proven accuracy and attention to detail
Proficiency in Microsoft Word, Excel PowerPoint, Access
Database maintenance and data entry experience
Prior event planning experience a must
Demonstrated tact, diplomacy and discretion
Excellent computer skills expected
Ability to meet deadlines with minimum supervision.
Willingness to work extended hours and on weekends and holidays if required
A team player and overall pleasant disposition
Commitment to confidentiality

Demonstrated ability to network in a professional or personal setting
Be a self-starter and able to work independently
Previous experience in fund raising, sales or marketing
Exceptional IT skills and a proficiency with databases
Good knowledge of The College

2. Development Associate, Alumni Relations & Development
With a view to attaining a charter as a university by 2007, the College has embarked aggressively
upon a major expansion of its programme offerings, research activities and physical facilities and
is incorporating e-learning methodologies into its repertoire of strategies for delivering instruction.
To underpin this transition to university status, The College is embarked upon a drive to increase
its funding from private sources through the establishment of the Alumni Relations & Development


Working out of The Office of the President, in a team under the direct supervision of Mather Leigh
Inc. the Development Associate provides support for all COB fundraising activities. The Development
Associate position is a 'traineeship' that provides a comprehensive foundation of experience for
those wishing to build a career in higher education Advancement. The Development Associate
participates in all fundraising activities including prospective donor research, prospect cultivation
activities & events, donor information/record management, donor stewardship, donor correspondence
and special events. The successful candidate will be someone with strong organisational skills who
is a good communicator both verbally and in writing and who enjoys teamwork. This is an excellent
opportunity for someone who is also creative and who will enjoy working with others to build a new
Alumni Relations and Development Department at The College/University of The Bahamas.
1. Supports and ensures delivery on a select segment of COB fundraising activities.
2. Provides support and assistance on the process of identifying, cultivating, soliciting, and
stewarding major donors and prospects including individuals, corporations, and foundations,
through strategy based visits and other forms of direct personal contact.
3. Provides support to the maintenance of the prospect pipeline.
4. Assists the Director of Development in educating faculty and staff in respect of the roles they
can play supporting development generally.
5. Supports the management of a select cohort of volunteers and strategic support in their cultivation
and solicitation of major donors and prospects. Coordinates volunteers' activities to ensure their
integration into The College's vision and goals.
6. Helps to maintain the prospect management database and other institutional resources to ensure
appropriate management of donors, prospects, alumni, and volunteers in coordination with
College objectives.
7. Conducts research to identify prospects and works with the Director of Development to create
strategies to match prospects' interests to the priorities of The College.
8. Conducts preliminary research to identify prospects in support of briefing note preparation and
prospect identification.
9. Assists in the implementation of programmes and activities designed to increase the visibility
of the AR&D Office and The College to internal and external constituencies.
10. Represents COB at various community and business meetings including externally to funding
11. Supports the Director of Development to build and maintain donor and prospect files in support
of prospect pipeline and prospect moves.

12. Conducts internal and external research/fact gathering in support of funding proposal development.
13. Provides follow up support on internal requests for fundraising support from AR&D Office.
14. Provides support on production fundraising reports and other database reports as needed.
15. Provides coordination and support on donor/prospect events.
16. Maintains list of donations received for Council reporting purposes.
17. Assembles donor kits for events and meetings.


18. Other duties as assigned
19. Works with the Director of Alumni Relations & Annual Fund to directly assist with the solicitation
of leadership level annual fund gifts and on the interface between special and major gift fundraising
and the alumni population.
20. Performs miscellaneous job-related duties as assigned.
Ability to conduct research, gather data, analyze information, and prepare effective, accurate,
and timely reports and other documents to support development.objectives.
Demonstrated mastery of major business and prospect research databases and general database
software such as Microsoft Excel with concomitant database management skills.
Excellent interpersonal skills and the ability to interact effectively with academic leadership,
faculty, prospects, donors, and volunteers in a wide range of roles.
Ability to write proposals, solicitations, correspondence, reports, and other materials in support
of development activities independently;
Ability to exercise good judgment, to demonstrate an understanding of ethics related to
development activities, and to use discretion in interactions with donors, prospects, volunteers,
and others.
Ability to work effectively within a team environment.
Demonstrated organizational skills and experience in managing events and other complex
activities in support of development objectives.
Willingness and availability to travel and to work extended hours as necessary.
The above statements are intended to describe the general nature and level of work being performed.
They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills
required of the Director of Development.
Bachelor's degree
Prior fundraising, sales or marketing experience a must
Demonstrated ability to plan and strong communication skills
Excellent computer skills expected
Ability to meet deadlines with minimum supervision.
Demonstrated ability to network in a professional or personal setting
Be a self-starter and able to work independently
Proven track record in fund raising, sales or marketing Excellent interpersonal and communication
(written and verbal) skills
Demonstrated ability to present information concisely and effectively, both verbally and in writing
Demonstrated ability to organize work and to manage competing priorities and deadlines
Demonstrated proactive work ethic and ability innovate, set and meet goals
Proven accuracy and attention to detail
Proficiency in Microsoft Word, Excel PowerPoint, Access
Database maintenance and data entry experience
Willingness to work occasional extended hours and on Weekends
A team player and overall pleasant disposition
Commitment to confidentiality
Compensation is commensurate with qualifications and experience.
The above statements are intended to describe the general nature and level of work being performed.
They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills
required of the Director of Alumni Relations & College/University Events.
Please visit our website at www.cob.edu.bs for more information about The College and to access
The College's Employment Application Form.
Interested candidates should submit a College/University of The Bahamas Employment
Application, a Comprehensive Resume and up-to-date transcripts, along with three work
references no later than July 31, 2007 to:
The Director, Human Resources
The College of The Bahamas
P O0. Box N-4912
Nassau, N. P.,
The Bahamas

The College of The Bahamas Alumni Association

Hall of Fame



1. m

Laura Prall-Charilon

Vernice Walkine -
&W -

What We Are About
Ih Alumni Association Iall of Fame was established in spring of 2001 by the
Executive Board of the Association. The purpose is to recognize annually a COB
alumna/alumnus who is making significant contributionsto the development of The
Bahamas. It is envisioned that honouiees will play a major role in the fundraising
elfoits of the Association.

On May 11, 2001, the Alumni Association named Bishop Neil C. Ellis, Pastor,
Mount labor Full Gospel Church as its first inductee. Subsequently named were
[any Gibson. a financial services expert (2002); Laura Pratt-Charlton, a pharmacist/
S2001 entrepreneur (2003); Tanya McCaltney, an attorney and a former member of
the Senate (2004), Velnice Walkine, Director General of Tourism (2005) and
SuperintendanI of hlie Royal Bahamas Police Force, Keith Bell (2006).

Each honbulee is presented with a 36" Silver European Cup, which symbolizes his
or her oulpouling of0 inspiration that causes others to thirst for "knowledge, truth
2oo2 and inlegilty", the values plolloted by The College of The Bahamas and reflected
in the institution's motto.

Hall of Fame Award Criteria:
What It Takes to Be Nominated and
Become a Member of The Hall of Fame.
The Alumllni Association of he College of The Bahamas views induction into its Hall
2003 of lame as ils highest lionoul. It is a designation extended to individuals whose
lives are the lhalllalk of lile College's motto "Knowledge, lTruth, Integrity."

to be considered for the Alumni Association Hall of Fame, nominees must
Have distinguished themselves as students, academically and socially, while at
flie College of I he iBahallas
2004 Be among the best in lheil chosen fields of endeavour, displaying scrupulous
conduct t that stands as an example to olhels.
Be a leader and lelillellss wolkel whose success benefits co-workeis, those they
Sulielvise 01 pilllloy and the CO111nilunity ill general
Excel inll civic oulieaci and inake a conllibulion to society that is easily visible
within llthei fields and the wider scope of Bahamian life
lIxhilbilstlingtholc ala(;lel thlalilanslatesgenierallyintocoimrunilystrenglhening,
2005 pelsonlilying theil alma Imalel's motto "Knowledge, truth, Integlity."
Be nominated.

* The Hall of Fame Award Nomination Form
may be obtained from
The Office of Alumni Affairs
06 Administration Block
Oakes Field Campus
Or may be downloaded from www.cob.edu.bs
All iioi llnation lomis, along will a ciit il poItfollio and photograph,
111usl I)e submliilled by Monday, 31sl July, 2007.
I o n101 ole information, please call he Olli0ce of Alumni Affails at 302-4365/6.
Soillolio Sie,: Iive (b) pages I oul si/: 12 pt Paper 8.5 inches X 11 inches




,q .
.* -
* '

I II I IsPI----~L




Visit our website at www.cob.edu.bs

The College of The Bahamas Athletic Department
with legendary NCAA Basketball coach, Rollie Massimino. the man who
masterminded the greatest upset in US College Basketball history.
The clinic will be in two parts
Part One: Friday 13th July 2007.
Lecture Theatre, School of Hospitality & Tourism Studies,
Thompson Blvd.
7.00 p.m. 9.00 p.m.
Part Two: Saturday 14th July 2007,
Kendal Isaacs Gymnasium,
10.00 a.m. 3.00 p.m.
All basketball coaches men's, women's, youth, junior and senior -
are encouraged to take advantage of this rare opportunity to learn from one of
the best in the business.
Cost $20.00
Call 302-4591 for more details.

The College of the Bahamas
Culinary & Hospitality Management Institute (CHMI)
Facilitator: Chef Tracy Zimmermann of Monroe College, New Jersey
These are hands on classes.
Techniques of Healthful Cooking
June 26 Nassau, CHMI Kitchens, Thompson Blvd. 5 9 p.m.
July 3 Exuma, College Centre, Georgetown 12 5 p.m.
Cost: $150.00 BHA: $125.00 Students: $100.00
Max: 15 participants
Specialty Bread Making
June 27 Nassau, CHMI Kitchens, Thompson Blvd. 5 9 p.m.
Cost: $125.00 BHA: $100.00 Students: $75.00
Max: 15 participants

Chocolate Desserts
June 28 Grand Bahama, COB Campus, 5 9 p.m.
July 4 Nassau, CHMI Kitchens, 5 9 p.m.
Cost: $150.00 BHA: $125.00 Students: $100.00
Max: 15 participants
Payment MUST accompany registration
+ Price includes supplies.
+ Certificates will be awarded.

Registration form(s), accompanied by payment in cash or by cheque, must
be delivered to the Industry Training Department at The Culinary &
Hospitality Management Institute of The College of The 1Bahamas for the
attention of Ms. Monique Butler or Mrs. Florina Turner, telephone #323-
5804/6804, Tourism Training Centre, Thompson Boulevard, Nassau, N.P.,
Bahamas. Cheques must be made payable to: The College of The Bahamas.

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

Please bring an apron, dough knife/bench scraper, serrated knife and
measuring utensils.
Chocolate Desserts This class will explore the use of chocolate in desserts.
It's not just your basic chocolate cake; we will look into many different
styles of chocolate desserts. Some possibilities are chocolate pot au creme,
decadent flourless chocolate cake, Chocolate Biscotti, infused chocolate
truffles, chocolate raspberry mousse tarts and warm molten chocolate cakes
etc... The focus will be on the use of chocolate and its proper handling.
Please bring an apron, chefs knife, serrated knife and measuring
Techniques of Healthful Cooking This class will explore ways of
preparing foods that will be lower fat, calorie and carbohydrate. We need
our diet to be balanced and healthy; cooking is about everything in moderation.
Our focus will be on the uses of natural flavors to enhance foods. Participants
will be taught flavour reductions, glazes, purees, fresh herbs and the use
of spices. Some possible items will be oven-roasted tomatoes with chickpea
salad, grilled lemon pesto shrimp, tamarind glazed salmon, seared snapper
with Mediterranean veggies and a basil broth, grilled lamb with fresh
rosemary mint sauce, caramelized pineapple with sorbet.
Please bring an apron, chefs knife, peeler, and measuring utensils.

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



Dinner '#f7 6t 7:tO l.:. hntert 8:00 p.m.
Rainforest Theatre
Wyndham Nassau Resort Cable Beach






Oakes Field Campus

ALL tickets sold for the June concerts
will be honoured.
Gala Concert and Dinner $175
General Admission $50
Faculty $30
Student Admission (with COB ID) $25

For reservations.
sponsorship opportunities
and further information,
please call
Office of Communication
at telephones


Executive Producer Patriciglintn-MchoSts
,N. a . U .-

Show Producer -Roscoe Dames "r Jazz"

-- mmw



Event organizers plan to make new

Russian festival an annual occasion

A RUSSIAN festival has
been organised for indepen-
dence weekend, it has been
The event, known as the
Russian Cultural Festival
(RCF), is to take place on Sun-
day, July 8 and Tuesday, July
10 in Church Plaza on Shirley
Organisers sa) there will be
food and beverages on sale, as

well as independence memora-
bilia, and a number of activities
including the opportunity to vis-
it the spa, beauty salon or bou-
tique and an art and interior
decorating show. There will also
be entertainment for children.
The event is being organised
by the Slovenian Development
Company Ltd (SDC) a local
company involved in'the devel-
opment of specialised tourism

" afch Me, 0 Lor. nTy y".- P-talm 119:33

in the Bahamas.
"Historically, the level of
Russian commercial interest in
the Bahamas has been minimal;
in fact, there are no products of
Russian origin in the Bahamans
at this time," said the company
in a statement. It said the festi-
val aims to develop "interest in
changing this commercial land-
scape by fostering a.dialog
between Bahamian government
and Russian governmental and
non-governmental companies
to deepen local interest in the
Russian cultural scene."
SDC said the festival will be
similar to the event the Greek
community organises every year
on the property of the Greek

Church, and will be focused on
the presentation of all aspects of
Russian cultural life through'
film showcases.


There will also be a business
conference in Nassau that tar-
gets Russian and Bahamian
investors and business owners.
"Tourism and cultural
exchange is the key to opening
communication with Bahamian
business people," SDC said.
Persons attending the con-
ference will include brewery
specialists, environmental
experts, economists, artists, ath-

letes and PR officers.
"The Bahamian level of inter-
est in cultural diversity is very
high. This is due to many fac-
tors, but highly influenced by
the successes of the various fes-
tivals which builds interest
between the Bahamas and the
world's cultures. SDC's Russ-
ian Cultural Festival would be
developed along similar lines,"
the statement said.
Elements of Russian folk
music, song and dance, will be
showcased along side the most
renowned achievements of the
great Russia composers, musi-
cians and artists.
"Russian food, drinks and
hospitality are at the core of the

Russian cultural experience,
and will be central to the Russ-
ian Cultural Festival," the state-
ment said.
It said the festival will not
only be promoted locally and
in Russia, but also in the USA,
Canada and the Caribbean,
where there are sizable Russ-
ian communities.
SDC vice director Natalya
Tsyganchuk added: "It is our
hope that the first annual RCF
will quickly achieve success and
renown . and that, with this
informal collaboration with the
Bahamian government, we will
deepen the experience of cul-
tural diversity here in the


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 years teaching experience, three of
which must be at the high school level.
E. Possess excellent organizational, 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

Musician Landlord ties the knot

* ORLANDO Miller, aka Landlord, with his bride Larue

M INTERNATIONAL recording artist Lil Kirk performs

renowned recording artist
Orlando Miller, better known
as Landlord, exchanged nup-
tials with his childhood sweet-
heart Larue Munroe in a star
studded ceremony held at the
Bahamas Diplomat Centre on
Carmichael Road.
Local and international
recording artist were among the
many guest invited to witness
the ceremony which was con-
ducted by Dr Richard Pinder.
Gary Munroe. the brides
father was on hand to give her
away while her pioud mother

PFederica Hamilton looked on.
-')Well known recording artist
Lil Kirk, part of the Shocking
Vibes Crew, the label that is
responsible for the success of
his brother Beenie Man, sere-
naded the couple with his ver-
sion of Luther Vandross' "The
One Who Holds My Heart."
The couple was also serenad-
ed by Darrenique Mortimer and
the legendary Paul Hanna.
Landlord, who writes and
performs his own pieces shot to
fame. when he wrote his chart
topping hit: "We Need Peace "
The song features fellow artist
Luciano and Alkatraz out of
Jamaica, the homeland of his
parents, and Bahamian record-
ing artist Solo.
He is currently working on
his third album and is gearing
up to collaborate with some
other artists. The couple will
honeymoon in Quebec, Canada.


* LARUE Miller with father Gary Munroe and mother
Frederica Hamilton

Share your news.
The Tribune wants to hear
from people who are

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.




Politicians mix at BARC ceremony Woman makes PMH burns claim

FROM page one
Mrs Brown claims thai some
of the staff at the hospital
seemed much more interested
in trying to figure out exactly
what happened than taking care
of her and making sure that she
was not seriously hurtl.
She said that the few doctors.
and nurses who did help her
deserve special praise, but that
the others were "churlish" and
failed to come to her aid.
Mrs Brown claims that some
nurses even rolled their eyes when
she told them of her distress.
She and her husband, Arthur

Brown, said they complained to
a nurse, who said that a repre-
sentative of the administration
would come to speak to them,
however no one ever showed
They then asked to see the
transcript of an oral complaint
they had dictated about the inci-
dent, but the staff refused to
show it to them.
Mrs Brown also commented
on what she said were the dis-
turbing physical conditions of
the room in which she stayed,
which included fungus growing
on the floors, dilapidated beds,
and broken faucets.

She also claimed that the
room in which she stayed was
mopped only once for the entire
four days she was there.
Mrs Brown said the environ-
ment was unhealthy for anyone
- but especially for someone
who had just given birth and
was suffering from burns.
The Tribune made several
calls to the public relations
office of Princess Margaret Hos-
pital, however the number was
out of order. Thelma Rolle, the
PR officer for the Public Hos-
pitals Authority, was unavail-
able for comment yesterday

* MINISTER of State in the Ministry of Social Development Loretta Butler-Turner, Vincent
Peet, member of parliament for North Andros and the Berry Islands, and Neville Wisdom, former
Minister of Youth, Sports and Culture, are shown in attendance at the National Youth Service
, Restorative Programme Junior Life Division Passing Out Ceremony on Friday in BARC, North
(Photo: BIS/Tim Aylen)

Passengers escape plane crash uninjured

FROM page one He said Mr Quintana was landing.
able to glide the aircraft down Police, Customs, and Immi-
Chief Supt Basil Rahming onto runway 22 at the Treasure gration officials, along with
said Mr Quintana was flying Cay International Airport, Bahamasair staff, rushed to the
over the eastern end of Grand where it landed on its belly, and scene and rendered their assis-
.Bahama, heading towards Trea- slid several hundred feet along tance to the aircraft's occupants.
*sure Cay, Abaco, when the air- the runway before coming to a The Civil Aviation Depart-
craft lost power. He said the stop. ment along with the National
pilot was unable to lower the The aircraft sustained exten- Transportation Safety Board,
and gearing due to the power sive damage to the underbelly Washington, DC, will investi-
,oss. and propellers during the crash- gate the accident.

'Woman and man charged in connection with murder

FROM page one
i.8, Bank Lane. Peterson was not
"required to plead to the murder
:*and attempted murder charges.
Those matters were adjourned
-to July 23 and transferred to
S.Court 5, Bank Lane.
' Court dockets state that on
Tuesday, June 12, 2007, Peter-
son caused the death of Marvin
Lightbourne. Lightbourne, 29,
of Sunlight Village died of gun-
shot wounds to his head. The
.shooting reportedly occurred
in the area of East Street.
T)Lightbourne was found lying
between a house and a fence.
some 200 feet from the Church
,of God of Prophecy, East
Street. Court dockets further
state that on the same day
:Peterson also attempted to

cause the death of Quincy Glin-
ton Cartwright.
Peterson was not represented
by counsel yesterday.
Last week David Cooper
Cunningham of Bar Lane,
Grand Bahama, was arraigned
in magistrate's court on simi-
lar charges.
Before he was taken out of
court yesterday, Peterson
expressed his concern to the
magistrate over his safety while
on remand at Her Majesty's
Prison claiming that he had
been threatened. Magistrate
Gomez assured him that he
would make a call to the prison
in relation to his concern.
Bridgette Stuart, 38, of
Wright's Lane was also
arraigned in court yesterday on
the charge of harbouringg a

criminal." It is alleged that
between Monday, June 11, and
Friday, June 29, she, while
knowing that Nairo Peterson
was wanted by police for ques-
tioning in a murder case, helped
to conceal him so that he could
avoid lawful arrest. Stuart, who
was represented by lawyer
Bernard Henfield, pleaded not
guilty to the charge.
The prosecution did not
object to her being granted bail,
although it asked that it be
granted with certain stipula-
tions. She would have to sur-
render her travel documents
and report to a police station
nearest her every Wednesday
and Saturday. Stuart was grant-
ed $10,000 bail. The matter was
adjourned to July 23 and traqsI-
ferred to Court 5, Bank Lane.
; I

Former minister calls for government

to release report on TG Glover

FROM page one
due diligence was executed
in all phases of the T (;Glover
School project by the technical
and administrative staff of the
Ministry of Works," Mr
Roberts said.
He pointed out that for
many years, the old T (I Glover
had been located on a portion
of the site for many years and
that the students of that school
used the vacant section for
sporting activities.

"Logic would dictate," con-
tinued the former minister,
"that if the land in question was
a loxic waste site that evidence
of the same would have mani-
fested itself over these many
years a long time ago," espe-
cially since the school of the
deaf is still located on the north-
ern side of the site.
Speaking with The Tribune
yesterday, Mrs Barbara Bur-
rows, Permanent Secretary at
the Ministry of Health,
acknowledged that there were

some health concerns about the
T G Glover project, but she said
that her agency is presently
reviewing preliminary results.
"I have not gotten the full
details of the results yet," said
Mrs Burrows, "and we still have
some tests that are undergoing.
As soon as I get those results,
we can then issue a statement
indicating what the situation is."
She did, however, say that,
as far as she was aware, "all the
persons who had rashes, those
are now cleared up."

Concern at chance of counterfeit

Colgate toothpaste being sold

FROM page one
The existence of the counter-
feit product on the US market
was first discovered as a result
of random testing by the US
Food and Drug Administration
several weeks ago. Labelled
"Colgate" the organisation was
not initially sure if the product
had been made by that compa-
ny. However, Colgate have
since totally denied that any of
their products contain the
chemical diethylene glycol -
also found in antifreeze.
The presence of the same
chemical caused the recall of
several brands of toothpaste
imported from China in

recent weeks.
According to US reports, no
illnesses have been reported to
date. FDA spokesman Doug
Arbesfeld said in a release: "It's
a low health risk but the bottom
line is, it doesn't belong in
Vinnette Gaitor, business
manager at Bahamian supply
'company Thompson Trading
Co. said yesterday that the
company is not aware of the
toothpaste being sold in the
Bahamas, but raised the point
that there is no way consumers
can be sure as yet that it is not
to be found on Bahamian
According to a release from
,: 1 1-:* 1.- J :;! l

the Colgate-Palmolive compa-
ny, the counterfeit product can
be identified by vigilant con-
"It comes labelled as a 5
ounce or 100 ml tube, a size not
made or sold by Colgate in the
United States. Consumers can
identify the counterfeit prod-
uct by the words on the pack-
age, 'Manufactured in South
Africa' as well as there may be
several misspelled words on the
product carton including:
'isclinically', 'SOUTH AFRL-
CA' and "South African Dental
Colgate claims that it does
not import toothpaste into the
U.S. from South Africa.

Public Utilities Commission

Interconnection Guidelines For The Bahamas

The Public Utilities Commission (PUC) has concluded its public consultation
on"Proposed Interconnection Guidelines ForThe Bahamas."The Statement of
Results as at captioned summarizes and responds to the substantive issues
raised by respondents to the Public Consultation Document.

The objectives of the public consultation were to:
(a) inform licensees of the PUC's expectations in relation to interconnec-
tion negotiation, principles to be reflected in The Bahamas
Telecommunications Company's (BTC's) Reference Interconnection
Offer (RIO) and Interconnection Agreements negotiated between BTC
and Other Licensed Operators for the provision of voice services;

(b) describe the PUC's approach to resolving interconnection disputes;

(a) invite comments from licensees and other interested parties on the
Proposed Guidelines.

Copies of the Statement of Results and the PUC's final Interconnection Guide-
lines may be obtained from the PUC's office located at Fourth Terrace East,
Collins Avenue, Nassau, The Bahamas or downloaded from the PUC's website
at www.pucbahamas.gov.bs.

Mr. Barrett A. Russell
Executive Director
Public Utilities Commission

P. 0. Box N-4860
Fourth Terrace, East, Collins Avenue
Nassau, Bahamas.

Telephone 242-322-4437
Fax 242-323-7288
Email: Info@PUCBahamas.gov.bs.

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PAGE 10, TUESDAY, JULY 3, 2007



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

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, I

Book by young Bahamian aims to

help students stay focused abroad

Cleaveland 'Clevie' Rolle is a
rare Bahamian man. While
many of his peers are struggling
with gangs, early fatherhood,
unemployment and a bad repu-
tation he is setting an example
of how success can be more
than just a dream.
Since the age of nine, the pro-
lific "techie" was successfully
managing a home-based com-
puter business having taught
himself to repair and build the
By age 15, as most students
were struggling with basic sub-
jects, Rolle had become the
youngest Bahamian to sit and
pass the Microsoft A+ Com-

THE Bahamas Union of
Teachers announced a new
scholarship endowment yester-
day in honour of the union's
60th anniversary.
Terrence King, vice-president
of the BUT, said union officials
thought it was fitting to intro-.
duce three scholarships as a
tribute to the founding presi-
dent of the Bahamas Union of
Teachers, Mable Walker.
These scholarships will be for
students who wish to enroll in
the Teacher Education Division
of the College of the Bahamas.
Two scholarships will be set
aside for students from the
Family Islands, while one will
be for a student from New
The funds for the endowment
are being raised through the
union. All members have been
asked to donate $60 over the

puter Technician certification
Now as he has completed his
AA degree in electronics and
computer engineering technol-
ogy, Rolle has recorded anoth-
er milestone by writing a book,
inspired by the lessons he's
learned in and out of the class-
"My manuscript is called A
Handbook for Potential and
Present College Students," said
Rolle. "It's a guide to main-
taining a Christ-focused, stress-
free and successful college life."
By looking at the back cover
of the 54-page book, published
by One Rib Publications, it's

period of one year.
Two donations have already
come in; one from Monet
Cripps and one from Tabitha
Mrs Burrows explained that
she "would like to assist per-
sons who are not able to study
at the College of the Bahamas
through their own merit."
Other funds for the scholar-
ships are planned to come from
fundraisers which will include
a walk-a-thon and a tele-thon.
Former students are also
invited to donate contributions
of any amount in the names of
educators that have impacted
their lives.
An account has been estab-
lished at the Teachers and
Salary Workers Co-operative
Credit Union and persons are
encouraged to go there with any
donations they may wish to
Those who contribute to the

hard to believe the young mod-
el posing on the back in a pair
of black sneakers and shorts is
actually the author. But it is in
fact Cleveland Rolle, who
began writing before hitting his
"I know that it is not easy
leaving family and friends to go
to another country to live," said
Rolle. "When I left the
Bahamas to go to the United
States for college, I experienced
times of pain, confusion, and
loneliness because I would not
bow to the temptations of the
secular world. It was during this
time that the Lord had inspired
me to write this book.


endowment will have their
names on a "wall of contribu-
Students to receive-the schol-
arship will be chosen by a selec-
tion committee organised by the
union. There will also be a

financial committee to handle
the funds for the endowment.
The union's enthusiasm about
this project was emphasised by
Mr King, who said it is their
way of giving something con-
crete to the country.

Bahamian debt collection

firm to work with BRC

Apex Management Services,
a leading and innovative
Bahamian owned debt collec-
tions company, is now providing
BTC with debt collections solu-
President and CEO of Apex
Rory Higgs made a presenta-
tion to managers of the credit
and collections department of
the Bahamas Telecommunica-
tions Company (BTC), on the
pros and cons of "outsourcing"
the credit and collections task
associated with late stage delin-
quencies. '
Mr Higgs explained: "Every
business sooner or later
encounters customers, patrons
or clients who don't pay their
bills on time. It is estimated that
75 per cent of businesses have
customers who either pay their
bills late or never attempt to
pay. There is a modern way for
businesses to improve their
debt collections. That is to out-
source a portion of their
accounts receivable to a debt
collection agency.

"Outsourcing accounts
receivable to a professional col-
lection agency firm has become
a popular alternative to
attempting to collect receivables
in house.
"It is our goal and objective
to do the best job possible and
to free up your staff and
resources to focus on what you
do best.
Thomas Ferguson, BTC
senior manager for credit and
collections, said: "We are
indeed very happy to engage
the services of Mr Higgs' com-
pany. Mr Higgs brings with him
great experience and is certain-
ly the largest and most experi-
enced company in debt collec-
tion. .........-
"He enhances the efforts of
our existing structure in our
internal department and has
certainly made a great differ-
ence in our efforts. We are now
discussing with Mr Higgs strate-
gies for both the residential and
the commercial sectors of our

* BTC presentation given by APEX CEO, Rory Higgs.

Mr Higgs recently served as
managing director of the
Bahamas Mortgage Corpora-
tion and also served as a board
He was also the resident vice-

president, account manager,
president and owner, and
branch manager of Citibank,
Canadian Imperial Bank of
Commerce, and the Bank of
Nova Scotia respectively.

"My prayer is that this book
will help college students to
avoid the pitfalls of life's traps,
such as temptations and as a
result bad choices," he said. "I
am confident that this book will
make a college life a smooth
road to ride on."


Unlike most college books
written by adults, Rolle's book
reads just as it was intended -
a first-time college student
abroad advising his friends
back home about what to
expect. As a young Christian,

he addresses various topics
including drugs, sex, the temp-
tation to party and being a part
of the crowd.
Rolle also gives advise for
maintaining good relation-
ships with roommates, stu-
dent housing staff, budget-
ing and even the cheapest
ways to stay in contact with

your family and get around
The book also has a check-
list many similar guides fail to
add, which includes everything
to pack and purchase to make
life a little easier away from
home. Rolle also recommends a
schedule for a study and daily
college living.

P.O. BOX GT-2097 TEL: 323-5782

a resident of Bozine Town, will be
held at the Convention Centre, Joe
Farrington Road, on Wednesday
at 11:00 a.m. Officiating will be
Bishop Revy Francis and Pastor
Ivan Rolle. Interment follows in
Lakeview Memorial Gardens, JFK
Left to cherish his memory are his
mother, Albertha "Boba" Gittens;
grandmother, Rosalie Davis;
children, P.C. 2782 Derek Gittens
Jr., Shantell, Lashanna and
S '.' Derenique Gittens; grand children,
S/ Lakeko, Nikia, Brashanna, Destiny
and Derek III; fiance, Kim
Armbrister; sisters, Stephanie Cargill, W/Cpl. 844 Gittens-Morley,
Bernadine Darling, Ena, Bernadette, Eldica and Betty Gittens:
brothers, Patrick, Wenzel Jr. and Trevor Gittens; adopted sisters,
Tiffany Barton, Blanch and Jacqueline Sears, Wanda Kemp and
Glendamae Rolle; adopted brothers, Perry Brown, Greg Hall, Larry
Thompson, Vianney Jacques, Marc Coakley, Chris Riley, Dereck
Johnson and Randy Powell; brother-in-law, Samuel Darling; sisters-
in-law, Natasha Gittens and Fayona PickeringGittens; uncles, Noel
Bastian, Maxwell Daniels, Kendal and Edward Gittens, Charles
Maycock and Patrick Ferguson; aunts, Edith and Cynthia Gittens,
Winifred Smith, Shirley Hanna, Gwenith Mcintosh, Rosemarie
Deveaux, Rosemary Daniels, Barbara Gardiner, Judith Maycock,
Francina Thurston, Sharon Edgecombe, Peggy Strachan and Diane,
Femander; grand aunt, Rowena McDonald; nieces, Tynisha, Nyochi,
Jaymie, Latoya, Javon, Latonyaw Derica, Christina, Crystal,
SRichadetteQuetell, Nikita,,DiontaSharnel, Stella, Krizia, Ranca,:,;
Randysha, Lashanna, Shdei0 Toyza and Yolanda; nephews, Tyson,
Tremis, Tino, Tyno, Harland, Denero, Romeo Jr., Rashad, Hollis,
Randy Jr., Valentino, Sanchez, Fabian, Timmy, Ondre, Michael,
Trelly, Teron, Rashad, Jevon and Samuel Jr.; 16 grand niedes and
nephews; godchildren, Matthew Daniels, Krista Joseph and Lonique
Frazier; a host of other relatives and friends including, Danny, Rev.
Hayden Dean and family, Tryam, Tryphenia, Lavardo and Mario
Deveaux, Sharon Ellis, Linda Sears, Veronica Thompson and family,
Max, Daisy and family, Vernita Saunders and family, Mary and
Martha Ferguson-and family, Pat and Ian Dean, Nurse Jennymae
Stuart and family, Patrice, Sherry, Theresa, Sophia, Yvette, "T.C.",
Lesley, Jacquah, Eric Simmons and family, Rebecca Rolle and
family, Vemell Rolle and family, Kathlen Gould and family, Elsiemae
Farrington and family, Ida, Thelma, Leanna and Richard McDonald,
Tyrone Cargill, James Seymour and family, Malisa Watkins and
family, Royal Bahamas Police Force Fire Squad 1982, Leo Woods
and family, Wendal Evans and family, Lucile and Michael, Shirley
' and Jacob Fowler and family, Roy Deal, Cindy Taylor, Stanley
Rodgers, Greg Taylor and the Members of The Bahamas Cricket
Association, Fatman, Tyrone Archer, Cabbage and the Baldwin
Avenue Crew, Mr. and Mrs. Kenneth Pinder and family, Mr. and
Mrs. Charles Fox and family, Mr. and Mrs. Lewis Colebrooke and
family, Tammy and Cornie, Robert and Randolph Coakley and
family, Berto, Vaughn, Skully, Leroy Watson, Stephen, Ian Ferguson,
Duncan family, Gloria Pratt and family, Nita, Janet and Jesse of
Freeport, Sheila, Rose and Cecelia of Harbour Island, Winsome
McKenzie, Lisa Rhodriquez, The John Road Community including,
Berthamae Woodside, The Bozine Town Community, Bishop Revy
Francis and The New Victory Temple Church family, Rufus Johnson
and family, Muricka Cash and family, sister Nicky, Craig Culmer
and family, Patrice Cartwright, Cyril Miller, Pat Longley, Antonio
Archer, Staff at Cable Beach Resort, Ruth and Naomi and family,
Eric Burrows, Shanishka Demeritte, Wilcliff Atkinson and family,
Jennifer Mangra and family, Marionette Rolle and family and the
entire Royal Bahamas Police Force family.
Friends may pay their last respects at Demeritte's Funeral Home,
Market Street, from 10:00 a.m.-6:00 p.m. on Tuesday and on
Wednesday at the church from 10:00 a.m. until service time.

Ii i


Saint Sale


Paint Su


*except on red tagged and net items

KelIly's ""Oem

Tel: (242) 3934002
Fax: (24213934096

Mail atMrcnwwmi,
Mondalfriday 9:1000.8:0Opin
Saturday 9O0am.9:O0pm
Sunday do..d

Three scholarships

founded by BUT

... ....,.... 07, PAGE 11

rm *.ru rrmd R ~i~nu ~~ I~I


Further donations for dialysis campaign

FROM page one
Commonwealth Bank pur-
chased one of the machines at
$20,500, a cost that included
delivery to the hospital, instal-
lation, training and one year of
technical support.
"No one should have to wait

in line in order to live," said
William B. Sands, Jr., President
and CEO of Commonwealth
Bank. "When dialysis units are
out of service or when there is
insufficient equipment to meet
the need, the lives of hundreds of
persons who suffer from kidney
disease can be endangered. Corn-

monwealth Bank applauds the
efforts of Tile King and The Tri-
bune and is pleased to join the
national campaign to provide this
critical life-saving equipment."
The problem of insufficient
equipment to provide the nec-
essary blood-cleansing function
handled by the kidneys in

. 4

healthy patients is exacerbated,
officials say, because scores of
patients require dialysis several
times a week. One machine out
of service can lead to serious
The Princess Margaret Hos-
pital Foundation's Dialysis
Machine Acquisition Account
is overseeing the donations to
acquire the machines. The com-
munity's response has been so
overwhelming that the goal set
for the fund by the organizers
was more than doubled.


The Butch Kerzner Memor-
ial Fund, which has supported
important community pro-
grammes, also donated $5,125
to purchase a quarter of a dial-
ysis machine. Mr Kerzner's wid-
ow matched this amount with
a personal donation.
"We commend the organiz-
ers of the campaign for starting
this great work," said Mrs
Vanessa Kerzner. "The Memo-
rial Fund was established for
this kind of initiative, and we're
pleased to join those who have
already given, knowing that this
donation will benefit dialysis
patients. Butch loved The
Bahamas, and was especially
interested in causes that bene-
fited those in need."
Mrs. Kerzner also made a
personal.donation to the cam-
paign of $5,125.
Three radio stations, sup-
ported The Tile King and The
Tribune in the campaign -100
JAMZ, Joy and Cool FM, but
one of them organised its own
fund raiser.
101.9 Joy FM, Nassau's top
hit gospel station, with gener-
ous members from its listening
audience came forward with a
collective contribution of
$11,645.32 towards the Dialysis
Machine Fundraisifig efforts.
Each day for more than a week,

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?

members of the listening audi-
ence was encouraged to play a
part in what had evolved into a
national drive.
"On behalf of my colleagues
and the management of 101.9
Joy FM, I wish to express how
grateful and humbled we are as
a gospel radio station to have
played a role in helping to raise
these much needed funds to
purchase these much needed
dialysis machines. We are also
extremely grateful to the indi-
viduals, churches and business-
es that comprise our listening
audience who gave unselfishly
towards this most worthy
cause", said on-air personality
Kevin "Minister K" Harris.
"As members of the Christ-
ian community we felt it as part
of our scared duty to extend a
helping hand to our brothers
and sisters in need, especially
when the need is as great as
this," said "Minister K".
The Holowesko Foundation
also boosted the dialysis fund
with a donation of $5,000. The

Holowesko Foundation was
established in 2005 for two main
purposes. "One was to support
and bring attention to the many
good works being carried out
in our society, and to bring hope
and help to individuals in dire
need," said Mrs Susan Larson,
spokesperson for the Founda-
tion. "We are delighted to add
the PHM Foundation to the list
of causes we've helped."
The fund was closed last
week having raised $342,915.29
in three weeks. On launching
the fund the organizers' goal
was to raise $164,000 to pur-
chase eight dialysis machines.
Thanks to many generous
donors that number of
machines can now be doubled.
Other than those who
pledged donations before the
campaign closed on Thursday,'
June 28, the organizers are not,
accepting any more donations.
The organizers expressed
their gratitude "for the over-
whelming support demonstrat-
ed by all who gave."

Macaws make their home

at Ardastra Gardens,

* A BLUE and Gold Macaw
MACAWS are among the
most colorful and strikingly
beautiful birds of the parrot
family. All macaws have long
tails and large beaks. They lack
facial feathers and the white
patch on their face is bare skin -
so macaws are also the only
birds in the world that can
These wonderful parrots
however are in great danger of
disappearing altogether. Every
species of macaw is either
threatened, endangered or
already extinct. This is almost
entirely due to man's love for
these birds, which makes them
prime targets for poachers, who
can make enormous profits
from illegal sales of the birds.

Thousands are smuggled from
the wild each year, and 80 per.
cent will die in the process.
Macaws have a reputation for'
extreme longevity. In captivity
some of the larger species can
live up to 75 years. For many;'
years, most of these parrots will,
be passed around from home'
to home and usually end up at a
zoo or a rescue centre.
This can be seen when visit-
ing Ardastra Gardens. Many of
the macaws there are in fact
"abandoned pets".
Luckily for them, they can
live out the rest of their lives in
this retreat. Ardastra has three
different types of macaws; five
blue and gold macaws, a mili-
tary macaw and a hybrid.

I -___ ML A
* VANESSA Kerzner presents a cheque to Mark Roberts of
Tile King and FYP, Ltd, in memory of her husband Butch, in
addition to a personal cheque from herself to support the
purchase of a new dialysis machine for the Princess Margaret

Our Family of Brands




Chevron Bahamas Limited is proud to announce the selection of Ellerston Smith, Texaco Retail
Business Consultant, as the Bronze recipient of the company 2006 "Customer First"
programme, an internal Chevron Corporation programme recognizing employeesfor achieving
outstanding results on surveys conducted throughout the entire Texaco retail network for the
Latin American region.

'Customer First" is a programme by which the company measures the customer's experience
and uses the learning to continuously Improve its Image and service across the retail network
and focuses on four specific areas Forecourt (approach and fuelling area); Store and Restrooms;
Customer Service Delivery Forecourts and Customer Service Delivery Store.

As a reward for Mr. Smiths great achievement in ensuring the company' vision of being #1 In
the hearts and minds of our customers, he received the Bronze award."I am grateful to have
been recognized with this prestigious Chevron award and would like to thank all of the Texaco
retailers in The Bahamas for their support" said Mr. Smith.

"We are all very proud of Mr. Smith's excellent performance and recognition and Inm sure that
Texaco customers In The Bahamas appreciate his commitment to providing great quality
service," said Armando Vegas, Texaco's Retail District Manager.

Ellerston has been employed with Chevron for the past 13 years and has held the positions of
Terminal Superintendent, Brand Management Coordinator and Star Mart Coordinator. He has
served In his current capacity since January 2004,

Outside the organization, llerston is also very native In Church and Civic organizations. He is an
Ordained Minister at St. John's Native Baptist Cathedral, Meeting Street, where he oversees the
Youth Department and serves as a member of the Coigmunity Youth Director's Board. He also
serves as the President of Kingsway Academy % Parent-Teacher' Association, and is a Director of
Boys Club of The Bahamas.

He Is married to the former Daphne Johnson and the proud father of 12 year old daughter,
Alexandria Smith,

About Chevron Bahamas Limited in The Bahamas
Chevron Bahamas Ltd. has a 50 year legacy in The Bahamas, 21 service stations and a solid roster of
Commercial and Industrial customers. It Is aChevron Corporation company;which markets its products
in The Bahama; under the Texaco brand.

* PICTURED (l-r) are 101.9 Joy FM radio announcer and host
of the morning drive show, Kevin "Minister K" Harris and Sean
Moore, marketing manager, The Tribune

- -- I- ------~ ---

PAGE 12, TUESDAY, JULY 3, 2007





ni u nT mifimfln

Miami Herald Business, Stocks, Analysis, Wall Street



Tribune Business Editor
More than
one-third of
college and
Bahamians emigrate abroad in
search of job opportunities, a
World Bank study has
revealed, with business lead-
ers telling The.Tribune yester-
day that this 'brain drain'
would continue in the absence
of economic diversification and
an improved business environ-
A World Bank study on

losing a third

college graduates

* World Bank study shows 36.4% of tertiary-educated Bahamians emigrate, harming workforce and economic productivity
Brain drain likely to continue unless business creation environment improved and economy diversified

remittances and migration in
the Bahamas estimated that
the emigration rate for
Bahamians educated to a ter-
tiary level was 36.4 per cent,
meaning that just over one out
of every three college and uni-
versity graduates took work
and business opportunities
The study, which drew on a
variety of sources, including
United Nations Development
Programme (UNDP) and

United Nations High Com-
mission for Refugees
(UNHCR) data, again illus-
trated how the best-educated,
most highly-skilled and quali-
fied Bahamians, are increas-
ingly turning to foreign fields
for employment.
In turn, this negatively
impacts Bahamian businesses
and the wider economy, as it is
losing significant numbers of
its most productive workers,
harming long-term competi-

To put this loss into context,
the World Bank study sug-
gested that in 2005, the number
of Bahamians living, studying
and working abroad as a per-
centage of this nation's popu-
lation was greater than the
number of immigrants in this
The World Bank said the
data showed there were some
38,716 Bahamians abroad in
2005, a number equivalent to

12 per cent of this nation's pop-
Yet that same year, some
31,632 immigrants were living
in the Bahamas, accounting for
9.8 per cent of this nation's
The top 10 countries where
Bahamians have emigrated to
include, not surprisingly, the
US, UK and Canada, but also

SEE page 6

Chamber of Commerce Alternate fuels 'can save at least' a third of energy bills

plans Haiti-Dominican

Tribune Business Editor

Engineer warns of environmental concerns on growing corn for ethanol production

trade mission THE Bahamas could save
"at least one third" of its exist-
ing electricity and fuel import
By NEIL HARTNELL bills by developing and prop-
Tribune Business Editor erly using alternative energy
sources, a Bahamian-based
THE Bahamas Chamber of Commerce is planning a trade engineer said yesterday, adding
mission to Haiti and the Dominican Republic in October that the widespread growing
2007, its executive director said yesterday, hoping that it will of corn for ethanol production
open up opportunities for Bahamian businesses to establish was fraught with environmen-
a presence in those countries and become "first movers" into tal concerns.
Haiti. Keith Bishop, owner of his
Philip Simon told The Tribune of the Haiti-Dominican own company, Islands By
Republic mission: "That's Design, and who has a long-
the one we have planned standing interest in the envi-
right now to take, and plan SEE page 7 ronment, told The Tribune
that huge amounts of fertilizer
would be needed to generate
an adequate corn yield in the
Bahamas, given that this
hTh nation's soil was relatively defi-
The BISX seekingmore cient in nutrients.
This created potential envi-
feedback on ruleronmental problems through
fee dac on ru e changes fertilizer run-off, especially as
corn needed three times as
much fertilizer as other crops

to grow, Mr Bishop added.
The fertilizer run-off had the
potential to impact the marine
environment, especially the
Bahamian conch and crawfish
industries, not to mention the
tourism sector and its spin-offs,
such as bonefishing and a vari-
ety of water sports.
Mr Bishop said: "Growing
corn should be of concern to
any green-minded person
because of the potential nega-
tive environmental impacts of
fertilizer run-off.
"We have no data on corn
farming in the Bahamas, but
using US data, the increase in
corn production to almost 89
million acres has resulted in
massive production of syn-
thetic fertilizers.
"Corn also requires more
fertiizer than any other crop
by a factor of three. It's not
only run-off that we should
concern ourselves with, but

also the evaporation of these
synthetics that reportedly cre-
ate greenhouse gases 300 times
stronger than carbon dioxide."
Mr Bishop added of the
potential environmental con-
sequences for other industries:
"Most fertilizers are known to
contain large amounts of pes-
ticides and larvacides. 'Take
conch and crawfish. Crawfish
go through a larval stage, and
any larvacide that has the
potential for run-off will
impact the crawfish industry."
The Bahamian seafoods
industry is one of this nation's
major exporters and hard cur-
rency earners, generating
around $90 million in per
annum sales to the US and $35
million in sales to the Euro-
pean Union (EU) in 2004. Not
to mention the domestic indus-
try and sales t# Bahamian con-
sumers, restaurants, hotels and
other eateries.

Mr Bishop said the Bahamas
would thus have to weigh up
very carefully the potential
economic benefits from grow-
ing corn for ethanol produc-
tion and the likely efivrion-
mental consequences and
impact on other industries.
"In the first instance, you'd
have to establish what the
[corn] yield was from the avail-
able land, and weight it against
$90 million in crawfish
exports," Mr Bishop said.
"There are consequences,
and I don't think the value of
ethanol corn can be weighed
against marine industries and
the marine environment, par-
ticularly when there are alter-
"The eyes of the world are
upon us. We can't do things in
isolation any more."

SEE page 2

Tribune Business Editor
THE Bahamas International
Securities Exchange (BISX)
will this week seek further
feedback from the capital mar-
kets industry on "one issue"
before it submits the proposed
amendments to its listings and
continuing obligations rules to
the exchange's Board for rati-
Keith Davies, BISX's chief
executive, said yesterday that
the exchange had completed
its review of all initial sugges-
tions and drafted all the
amendments it planned to sub-
mit to theBISX Board and
Securities Commission of the

Bahamas for ratification.
Although he would not iden-
tify the solitary area upon
which further feedback is being
sought, Mr Davies told The
Tribune: "There's one issue
that we are seeking additional
feedback on. We have a posi-
tion, but would like to consult
to reach a common one before
we submit it to the Board.
"This one area will be
reviewed, and then based on
the feedback given on that one
area, that will allow us to make
a final determination on the
actual requirement in the

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Crime's spillover effect

will impact everyone

T his past week, I was
absolutely horrified
and numbed by the
constant daily homicide report
on the radio. As I listen to the
news on my daily drive to
work, I am at a loss to under-
stand why the public at large is
not calling for something to be
done. With the month of June
just conipleted, we have
already reached 42 murders,
compared to 24 at this time a
year ago, according to one
news report. What is even
more baffling is that several of
these murders are believed to
have been committed by per-
sons on bail awaiting trial for
murder. What is wrong with
this picture?
At what point does the gen-
eral public become outraged?
At what point does the Minis-
terfof National Security (who is
responsible for public safety)
make an address to the nation?
At what point does the Com-
missioner of Police (who has
direct responsibility for crime)
address the nation? At what

point does civil society vent its*
anger over this patently unac-
ceptable situation? At what
point does the Church speak
in a unified voice? What is the
value being placed on human
life in the Bahamas today?
These are all valid'questions
that seemingly do not require a
public policy response at this
juncture...or do they?
Policymakers must be aware
of the economic correlation
between high crime and
decreasing tourist numbers and
revenues. The thinking public
is still trying to make sense of
the significant restructuring
and redeployment within the
police force in April, Which
was then followed by a further
major restructuring of the
'restructured' police force
some six to eight weeks later?
The public does not care
whether the crime response is
called 'Neighbourhood Polic-
ing Initiative', 'Urban Renew-
al' or whatever.. .they just want
an end to the chronic cycle of
criminality and violence.


Personal Security
Increasingly, more and more
Bahamians are becoming
afraid for their own personal
security. The level of security-
related spending will continue
to take a growing percentage
of most families' disposable
income. In recent years, there
has been a proliferation of 'gat-
ed communities' all over New
Providence and the erection of
fortress-like walls and fences
around private homes.
While gated communities
may provide some limited
reprieve against crime, they
are also changing the social
aspect of how one interacts
with family, neighbours and
friends. However, in the over-
all scheme of things this might
be a small price to pay for.a

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heightened sense of security.
Crime and Investment
The absolute level of crime
and, perhaps even more impor-
tant, the perception of crime
in our society, can influence
the level of foreign investment
in our economy. The reality is
that our economy is an open,
service-based economy that is
largely dependent on foreign
investment. Investors' risk
assessments of our business
environment, and the safety of
key personnel on the ground,
invariably influence their will-
ingness to invest here. Simply
put: If investors feel unsafe
working and doing business in
the Bahamas, they will seek
opportunities elsewhere.
Do you think that all those
investors who have signed
Heads of Agreement, which
commit them to investing mil-
lions of dollars in our econo-
my, are 'burying their head in
the sand' over the crime issue?
In May 2006, the European
Bank for Reconstruction and
Development (European
Bank), in a study entitled The
impact of Crime on the Enter-
prise Sector: Transition versus
non-transition countries, exam-
ined the question of whether
crime has a deterrent effect on
enterprise behaviour, particu-
larly enterprise entry and
expansion. It concluded:
"According to the survey data,
perception of crime as a seri-

ous business obstacle has a.
highly detrimental impact on
the willingness of foreign
investors to enter a country,
particularly in early and inter-
mediate transition countries
where perception of crime is
much worse than in advanced
transition countries."
An investor with the ability
to invest hundreds of millions
of dollars certainly pays atten-
tion to social and crime indi-
cators. Could our rising crime
wave influence the timing
and/or release of investment
Not long ago, the press car-
ried reports about a French-
Canadian worker on a Par-
adise Island project who went
missing. Nothing has been
heard or said for months now
since that initial report.
All we need is for one inter-
national newspaper to focus
on our crime problem, via one
or two poorly written or inac-
curate stories, and our tourism
numbers will suffer. What hap-
pens if the US issues a travel
advisory, warning its citizens
not to travel here because of
safety reasons?
Interesting but flawed
argument -
I have heard it said that most
of our crime is related to
domestic situations such as
domestic violence and lover's
quarrels etc. As such, some
would say it has very little or

no bearing on the big picture
items, such as foreign invest-
ment, the economy, tourism
trends or the stuff that I am
talking about. While this may,
prima facie, seem to be a rea-
sonable conclusion to some, it
is incredibly shortsighted, sim-
plistic and inaccurate. What
happens when our escalating
crime rate spills over into all
facets of society? Then what?
I have also heard it said that
New Providence is generally
very safe, notwithstanding a
few pockets of crime. This may
still be very true... but it will
not remain so if nothing is
Until next week...
NB: Larry R. Gibson, a
Chartered Financial Analyst,
is vice-president pensions,
Colonial Pensions Services
(Bahamas), a wholly-owned
subsidiary of Colonial Group
International Ltd, which owns
Atlantic Medical Insurance
Ltd and is a major shareholder
of Security & General Insur-
ance Company in the
The views expressed are
those of the author and do not
necessarily represent- those of
Colonial Group International
or any of its subsidiary andfor
affiliated companies. Please
direct any questions or com-
ments to rlgibson@atlantic-

Alternate fuels 'can save at

least' one third of energy bills

FROM page 1

Mr Bishop pointed out that
as far as he was aware, the
Bahamas had no history or tra-
dition of large-scale corn pro-
duction, and its soil did not
have enough nutrients to pro-
duce major yields without mas-
sive fertilizer use.
In addition, the likelihood
of frequent and severe hurri-
canes was another problem
when it came to wiping out
corn crops, Mr Bishop sug-
gesting that farmers would
probably be unable to afford
the prohibitive terms of hurri-
cane insurance.
Rather than just focus on
growing corn for ethanol pro-
duction, Mr Bishop said the
Bahamas needed to zero in on
other alternate energy forms,
the leading option being solar
power, followed by thermal
energy conversion. "We're sur-
rounded by a lot of water, so
we need to look at harnessing
thermal energy conversion,"
Mr Bishop told The Tribune.
Ocean thermal energy conver-
sion was also recently suggest-
ed as an industry ripe with
potential for the Bahamas by
former Navios executive and
Bahamas Maritime Authority
director, Bill Bardelmeier, in
a speech to Rotary recently.
Solar energy involved tak-
ing energy from a renewable
source, and in doing so the'
Bahamas would ultimately
reduce its dependency on oil
and fossil fuels, in turn lower-
ing electricity and gas prices
and this nation's fuel import
Mr Bishop said: "There are
alternates to corn, including

plants indigenous to the region,
such as jatropha, already
adapted to local conditions.
"There are other higher oil
yielding plants, such as the
African Oil Palm and the Par-
adise Tree. Many other bio-
diesels could be investigated,
including recycled cooking
Mr Bishop added: "Renew-
able sources such as solar, wind
etc, are yet to be fully investi-
gated locally, and solar surely
must be one to be given atten-
tion in a climate such as ours.
"Also yet to be investigated
locally are those areas such as
hydrogen electrolysed from
water, tidal power, wave pow-
er, ocean winds, salinity gradi-
ents, ocean thermal energy-
conversion all potentials giv-
en the vast areas of shallow
banks of the Bahamas that lie
in closer proximity to the deep-
er bodies of water."
Mr Bishop acknowledged
that while research and devel-
opment of such alternative
energy forms would take time
to pay dividends, they held
"huge potential" for the
Bahamas given global interest
and demand, plus the keenness
of investors, which could be
supplemented by Government
He suggested that institu-
tions such as the College of the
Bahamas develop partnerships
with US universities to explore
alternate energy forms, such
as the University of New
Hampshire, which is research-
ing algal farms in salt water.
Biodiesels are being extracted
from the biomass produced.
All these energy forms are
being researched currently by
the Cape Eleuthera Institute

and its Island School affiliate,
especially solar and wave pow-
er, plus the conversion of cook-
ing oil from cruise ships into a
fuel that can power cars. Algal
biomass energy is also being
Mr Bishop said such
research and development
activity could ultimately help
to reduce the Bahamas' elec-
tricity and fuel import bills by
at least one third, with this
nation needing to "act now".
Leadership from the Gov-
ernment, private sector and
research institutions was need-
ed, with Mr Bishop adding:
"Every time we get our elec-
tricity bill or pull up to the gas
pump, the incentive must be
there. The trend at the pump is
He explained that in Cali-
fornia, solar panels on the
roofs of ordinary residential
houses collected and stored
energy that was fed back into
the electricity grid system, for
which the owners received
"There are a number of
households in California that
have a net credit balance at the
end of the month on their pow-
er bills," Mr Bishop said.
He added: "The correct
model for the Bahamas could
easily be determined bny an
energy return on investment
and environmental risk analy-
sis. We are certainly a long way
off from supplementing the
fossil fuel consumption of this
country with alternate ener-
gies, but it is imperative that
steps be taken to reduce our
dependence and the enormous
cost to the citizens of this coun-
try that the continued depen-
dence on fossil fuels costs us."





mhe Miami Heralb



DOW 30 13,535.43 +126.81 A
S&P500 1,519.43 +16.08 A
NASDAQ 2,632.30 +29.07 A
10-YR NOTE 4.99 -.15 I
CRUDE OIL 71.09 +.41 A


rise on



Associated Press
NEW YORK-- Wall Street
soitted Monday in the first day
o(tradiag for the third quarter,
Jodsted by 4apate of bzyout
Sws,, a:debIne i VTreasury
'yieldshnd at rise in June manu-
.t.trtn atifty, -he. Dow
Jbnes industrial average gained
.more than 120 points .
,- I.vestors weren enthusiastic .
about' .new takeover activity

-s-antWCEral frelespro-

n rthe 10-4ar Tres-
sury note's yield fell below 5
percent from 5.03 percent late
Friday, dampened as investors
jMocked to the safe-haven assets
*imid ongoing jitters about sub-
S prime lending. In mid-June,
Bear Stearns had to bail out a
hedge fund with investments
tied to subprime mortgages.
"There's favorable economic
news and continuing merger
talk. That's a pretty good recipe
for the market," said Stuart
Schweitzer, managiig director
and global markets strategist for
JPMorgan Private Bank. He
added, though, that the market
has been seesawing in recent
weeks and trading volumes are
light, so the market's gain
should not,be interpreted as a
turnaround just yet.
"I think the movie's going to
end well this year, but there are
still going to be some scenes
where we'll have to take our
eyes away from the screen,"
Schweitzer said, pointing to
persistent sluggishness In the
housing market andi nervous- .
ness over credit problems.
The Dow rose 126.81, or 0.95
-.- percent, to 13,535.43.
Broader stock indicators also
rose. The Standard & Poor's 500
index gained 16.08, or L07 per-
cent, to 1,519.43, and the Nasdaq
composite index jumped 29.07,
or.1.12 percent, to 2,63230.
The combination of retreat-
ing yields aid reports of fresh
buyout activity gave some relief
to investors who were worried
about business slowing down
due to high rates. ,
"There's a little positive to
the subprime woes, that being
that interest rates are dropping
now," said Steten Goldman,.
chief market strategist at Wee-
den & Co. in Greenwich, Conn.
The 10-year Treasury note's
yield breached the 5 percent
level in early June for the first
time since last year, hit a peak of
nearly 5.30 percent, and have
since retreated. High rates can
S hamper deal making.
SThe dollar fell against most
other major currencies, while
gold prices rose.
Advancing issues outnum-
bered decliners by about 4 to 1
on the New York Stock
S.. Exchange, Where consolidated
-'. volume came to 2.50 billion
*shares, down from 3.10 billion
'. shares Friday.
Trading volumes are low
ahead of the Independence Day
Holiday on Wednesday, when
U.S. stock exchanges will be
S. closed. The markets are also
closing early on Tuesday.
The Russell 2000 index of
smaller companies rose 11.36, or
1.36 percent, to 845.06.
Overseas, Japan's Nikkei
stock average rose 0.04 percent.
Britain's FTSE 100 fell 0.26 per-

cent, Germany's DAX index
declined 0.61 percent, and
France's CAC-40 lost 0.46 per-
cent. :


CONFIDENT MANUFACTURERS: U.S. factories, plants and utilities should continue picking up steam in
coming months, a research group said Monday. Above, Ford employee Ralph Gazzillo
assembles the new 2008 Ford Taurus X.




Associated Press

NEW YORK The nation's factories, plants and utilities expanded
at a faster pace in June, suggesting hardy consumer spending is
boosting confidence among manufacturers even as prices for raw
materials rise.

The Institute for Supply Man-
agement said Monday that its
manufacturing index rose to 56 in
June. The reading marked the fifth
consecutive month of growth for
the manufacturing sector and the
68th consecutive month of growth
for the overall economy.
The reading was above the May
reading of 55 and higher than the
market expectation of 55.4.
A reading above 50 indicates
growth while a reading below 50
indicates contraction.
New orders, production and
employment powered growth,
while inventories continued con-
Prices for nearly all raw materi- '
als including aluminum, chemi-
cals, gasoline and steel contin-
ued climbing, although at a more
moderate pace than the previous
month. The index for prices paid
was 68 in fune, down from 71 in
"It remains elevated, but it's not
raising red flags," said Ryan Sweet,
an economist with Moody's Econ-
Investors worried about infla-

tion were closely watching for a
spike in the prices manufacturers
paid for raw materials. Federal
Reserve officials say the biggest
risk to the economy is if inflation
fails to recede.
Out-of-control inflation can eat
away at paychecks, investments
and standards of living. That could
dampen spending by American
consumers, which has been an
engine for growth in the global
A measure tied to the govern-
ment's income and spending
report showed last week that
"core" prices moderated in May.
While the moderation was encour-
aging, analysts say a trend hasn't
been established that costs are-
under control.
The ISM reported the top per-
forming industries in June were
petroleum and coal products;
chemical products; plastics and
rubber products; food, beverage
and tobacco products; nonmetallic
mineral products; computer and
electronic products; paper prod-
ucts; fabricated metal products;
primary metals; miscellaneous

ON THE RISE: An iron worker
'drives a steel pin on the
Goldman Sachs headquarters
under construction in New
manufacturing; textile mills; and
"Following a weak first quarter,
the manufacturing sector
rebounded in a strong fashion dur-
ing the second quarter," said Nor-
bert J. Ore, chair of ISM's survey
The strength of the new orders
and production suggests that
growth appears sustainable
throughout the third quarter, Ore
The ISM report is just the latest
sign that the U.S. economy may be
recovering from a recent slow-


Home price

drops may

be deeper

than shown

by statistics

Associated Press
NEW YORK Here's a scary
thought about the housing market:
Things may be far worse than what's
already being revealed by the troubling
government and industry statistics.
At issue is what goes into sales price
data and what does not. When those
numbers are crunched, many of the
incentives that sellers are using to lure
buyers including cash rebates -
aren't being included. That suggests
prices may be falling faster in many
markets than is now being reported.
The same goes for how the mort-
gage-application indexes don't account
for the implosion of lenders. That could
have the effect of masking a slowdown
in demand, which is why the housing
market could be in for rough sailing
much longer than most anyone antici-
Since what happens in housing has a
far-reaching effect, every bit of data is
scrutinized for hints of whether a
recovery is near or more trouble lies
There certainly has been plenty of
bad news, but it might not even be giv-
ing a full picture of how difficult things
really are.
For instance, the Commerce Depart-
ment. reported last week that the
median sales price of new homes fell 0.9
"~ cent Wifl'~E onra year agb' afftef'l
ptmbl~ng,10.9 percent in April. -
ut those numbers don't include the I
thousands of dollars in lavish incentives
like pool installation and closing costs
that sellers are increasingly using to
woo buyers. That means a home selling
for $600,000 gets reported for that price
even though all those extras technically
are reducing the net sale price.
Lennar, for instance, has offered to
purchase furniture for buyers. Sales
incentives at Lennar, a Miami-based
company that is one of the nation's big-
gest homebuilders, averaged $43,700 a
home in its fiscal second quarter, up
from $24,700 in the same quarter last
year. And it isn't just builders piling on
the incentives it's spilling over to the
existing-home and foreclosure market,
In Miami last year a seller promised
a Jaguar X-Type 3.0 sportscar to anyone
who would take his asking price.
"In effect, they are reducing the new
sales price but that is not showing up
anywhere in the actual sales data," said
Peter Schiff, who runs the investment
firm Euro Pacific Capital in Darien,


7-Eleven stores become

'Simpsons' Kwik-E-Marts

Associated Press
DALLAS Over the weekend,
7-Eleven turned a dozen stores into
Kwik-E-Marts, the fictional conven-
ience stores of "The Simpsons" fame,
in the latest example of marketers
making life imitate art.
Those stores and most of the
6,000-plus other 7-Elevens in North
America will sell items that until now
existed only on television: Buzz Cola,
KrustyO's cereal and Squishees, the
slushy drink knockoff of Slurpees.
It's all part of a campaign to hype
the July 27 opening of The Simpsons
Movie, the big-screen debut for the
long-running television cartoon,
which loves to lampoon 7-Eleven as a
store that sells all kinds of unhealthy
snacks and is run by a man with a
thick Indian accent.
For 20th Century Fox and
Homer's creators at Gracie Films, the
stunt is a cheap way to call attention
to their movie, since 7-Eleven is bear-
ing all the costs, which executives of
the retail chain put at somewhere in
the single millions.
At 7-Eleven, they're hoping it
shows the ubiquitous chain has a trait
seen in few corporations the abil-
ity to laugh at themselves.

"We thought if you really want to
do something different, the idea of
actually changing stores into Kwik-E-
Marts was over the top but a natural,"
said Bobbi Merkel, with 7-Eleven's
advertising agency, FreshWorks. "It
shows they get the joke."
The monthlong promotion has
been rumored a long time -7 it's hard
to keep a secret known by so mahy
suppliers and franchisees but
7-Eleven managed to keep the loca-
tions of the stores quiet until early
Sunday morning. That's when the
exteriors of 11 U.S. stores and one in
Canada were flocked in industrial
foam and given new signs to replicate
the animated look of Kwik-E-Marts.
The U.S. locations where a
7-Eleven store was transformed into
a Kwik-E-Mart are New York City;
Chicago; Dallas; Denver; Burbank,
Calif.; Los Angeles; Henderson, Nev.;
Orlando, Fla.; Mountain View, Calif.;
Seattle; and Bladensburg, Md.
The idea grew out of conversa-
tions between Fox and 7-Eleven's
advertising agency.
"We wanted to make sure the
movie stands out as a true cultural
event this summer," said Lisa Licht, a
marketing vice president at Fox. "It
has to stand out from other summer

HOW ABOUT A BUZZ COLA? David Motter shops at a 7-Eleven 'Simpsons'
Kwik-E-Mart in Dallas on Sunday. The store is selling items that until

now existed only on television.
movies and TV shows."
The Fox/7-Eleven deal is an exam-
ple of a practice called reverse prod-
uct placement. Instead of just putting
products prominently in a movie or
TV show, fake goods move from the
screen to reality.
In some cases, 7-Eleven has con-
tracted with manufacturers of similar
products to make their Kwik-E-Mart
counterparts. Malt-O-Meal, the
Northfield, Minn., cereal maker, will
conjure up a recipe for KrustyO's, for
example. In others, existing products

will simply be renamed. One flavor of
7-Eleven's own Slurpee will be sold
as "WooHool Blue Vanilla" Squishee
for the month.
Other recent examples of reverse
product placement include Bertie
Bott's Every Flavor Beans, which
spun out of the Harry Potter books
and movies, and Bubba Gump Shrimp
Co. restaurants, which opened after
the movie Forrest Gump. 7-Eleven has
done other movie-themed promo-
tions, including one this spring for
the latest Spiderman installment.


I~ __ __ ~~I

_ _____

_ _~_______I__

__ ___________

____~___~__ Ir- c _~_ _


M___iamiHerald.com I THE MIAMI HERALD

SS&P +16.08 A3S +29.07 D Oo 4W&126.81 6-MO T-BILS +. 30-YR T-BONDS* -.02 GOLD +8.40 uRo .0088 CRUDE OIL +.41
1,519.43 2,632.30 13,535.43 4.81% a 5.10%$656.50 1.3623 $71.09


1,600 2,700
1,550 1,500 ... .. ... 2.600 ,2,580 ",^T .lJ
1,550 ,,o 2,600
,460 10 DAYS 2520 10 DAYS

1,400 ............. .................. ..... S&P 500 2,30p ...... ...... Nasdaq com posite
Close: 1,519.43: i Close: 2,632.30
C1,350 change: +16.08 (+1.1%) 2,200 Change: +29.07 (+1.1%)



Vol. (in mil.) 2,503 1,759
Pvs. Volume 3,104 2,121
Advanced 2639 1996
Declined 657 1026
New Highs 212 178
New Lows 30 65

Name Last Chg
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ABN Amro 46.48 +.61
ACE Ltd 63.77 +1.25
AES Corp 22.55 +.67
AFLAC 52.10 +.70
AMR 27.06 +.71
ASML HId 28.20 +.75
AT&T Inc 41.85 +.35
AU Optron 17.53 +.33
AXA 43.24 +.20
AbtLab 54.32 +.77
AberFitc 72.37 -.61
Accenture 42.54 -.35
AdobeSy 40.16 +.01
AMD 14.36 +.06
Advantst rs 43.43 -.31
Aegon 19.86 +.21
Aetna 50.44 +1.04
Agilent 39.20 +.76
Ahold 12.68 +.16
AFrance 46.77 +.40
AirProd .80.84 +.47
AkamaiT 48.20 -.44
Akzo 87.24 +1.41
Alcan 82.61 +1.31
AlcatelLuc 14.24 +.24
Alcoa 41.09 +.56
Alcon 133.45 -1.46
AllgEngy 52.61 +.87
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Allergan s 57.46 -.18
AlliBem 88.66 +1.57
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Aldirish 56.14 +1.18
Allstate 61.74 +.23
Alltel 67.90 +.35
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Altrias 70.90 +.76
Alumina 27.04 +.49
AlChina s 43.48 +.78
AmBevC 70.00 -.20
AmBev 69.65 -.35
Amazon 69.61 +1.20
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Aieren 50.13 +1.12
A ilL 62.75 +.82
vilA 62.48 +.73
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AEP 45.83 +.79
AmExp 61.79 +.61
AmIntGp if 70.20 +.17
AREst 101.99 +.25
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Ameriprise 65.13 +1.56
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Amgen 55.24 -.05
Amphenol s 36.01 +.36
Anadarko 51.89 -.10
AnalogDev 38.41 +.77
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AnglogidA 38.70 +.88
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Aon Corp 42.63 +.02
Apache 82.62 +1.03
ApolloGrp 58.10 -.33
Apple Inc 121.26 -.78
ApIdMati 20.17 +.30
ArcelorMit 64.83 +2.43
ArchDan 34.21 +1.12
ArchstnSm 59.62 +.51
Assurant .59.39 +.47
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Autodesk 47.29 +.21
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AutoZone 137.78 +1.16
AvalonBay 122.33 +3.45
Avaya 16.86 +.02
AveryD 67.01 +.53
Avnet 41.38 +1.74
Avon 36.75
AXIS Cap 41.00 +35
BASF 131.20 +.49
BB&TCp 41.42 +.74
BCE gn 39.45 +1.66
BG Grp 83.97 +2.18
BHPBillLt 61.49 +1.74
BHPBil plc 58.20 +2.00
BJ Svcs 28.60 +.16
BP PLC 73.30 +1.16
BT Grp 66.97 +.39
BakrHu 85.89 +1.76
BcBilVArg 24.69 +.31
BcBradess 24.58 +.47.
Bncoltau 45.34 +.92
BcoSnCH 18.65 +.27
BcSanChile 50.06 +.52
BkofAm 49.32 +.43
Bklreind 83.11 +1.96
BkMont g 64.42 +.07
BkNYMel n 44.25
BkNova g 48.96 +.13
Barclay 56.37 +.58
Bard 83.08 +.45
BarrickG 29.79 +.72
Baxter 57.80 +1.46
BayerAG 76.55 +1.25
BearSt 143.16 +3.16
BectDck 75.04 +.54
BedBath 36.09 +.10
Berkley 32.19 -.35
BerkHa A 110000 +525
BerkH B 3625 +20
BestBuy 46.94 +.27
Biogenldc 53.81 +.31
Biomet 45.83 +.11
BlackRock 165.49 +8.90
Blackstn n 29.27
BlockHR 23.13 -.24
Boeing 96.77 +.61

DOW 13537.87 13409.52
DOW Trans. 5154.72 5099.89
DOW Util. 509.01 498.17
NYSE Comp. 9997.84 9873.02
NASDAQ 2632.30 2614.84
S&P 500 1519.45 1504.66
S&P 400 907.40 895.46
Russell 2000 845.06 836.08
Wilshire 5000 15378.69 15210.65

Name Last Chg
BostProp 104.92 +2.79
BostonSci 15.48 +.14
BrMySq 31.84 +.28
BritATob 68.06 -1.08
BritSky 51.61 +.03
Broadcorn 29.77 +.52
BrkfldAs gs 40.51 +.61
BrkfidPr s 24.60 +.29
BungeLt 86.55 +2.05
BurlNSF 86.52 +1.38
CA Inc 25.87 +.04
CB REIlis 37.43 +.93
CBOT 204.46 -2.14
CBS B 34.23 +.91
CDW Corp 85.06 +.09
CGG Verit 52.10 +2.39
CH Robins 52.63 +.11
CIGNA s 53.87 +1.65
' CIT Gp 55.96 +1.13
CNA Fn 48.49 +.80
CNH Gbl 53.51 +2.42
CNOOC 115.84 +2.15
CPFL En 62.63 +1.90
CRH 51.77 +1.94
CSX s 46.38 +1.30
CVS Care 36.54 +.09
CablvsnNY 36.23 +.04
CadbyS 54.20 -.10
Cameco gs 49.42 -1.32
Cameron 72.80 +1.33
CampSp 38.71 -.10
CIBC g 90.40 +.78
CdnNRy g 51.45 +.52
CdnNRs g 66.57 +.22
CP Rwy g 69.87 +1.05
Canon s 59.20 +.56
CapOne 78.75 +.31
CardnIHIth 70.04 -.60
Carnival 47.98 -.79
CarnUK 47.63 -.62
CarolinaGp 79.29 +2.02
Caterpillar 80.45 +2.15
Celanese 39.39 +.61
Celgene 57.88 +.55
Cemex s 37.37 +.47
Cemig pf s 22.27 +1.17
ChesEng 35.10 +.50
Chevron 85.15 +.91
ChiMerc 532.50 -1.86
ChinaLfe s 55.14 +1.47
ChinaMble 55.27 +1.37
ChinaNet 56.75 +1.00
ChinaPet 113.21 +1.57
ChinaTel 60.58 +1.42
ChinaUni 17.63 +.40
Chubb 54.54 +.40
ChungTel 19.18 +.32
CinnFin 44.04 +.64
Cintas 39.80 +.37
Cisco 27.89 +.04
Citigrp 51.64 +.35
ClearChan 37.00 -.02
ClearCh 28.38 +.04
Clorox 62.19 +.09
Coach 47.25 -.14
CocaCE 24.19 +.19
CCFemsa 46.70 +2.42
CCHellen 45.38 -.59
CocaCI 52.56 +.25
CogTech 76.18 +1.18
ColgPal 65.15 +.30
Comcast s 28.44 +.37
Comc sp s 28.24 +.28
Comerica 60.89 +1.42
CmcBNJ 36.70 -.29
CVRD 46.29 +1.74
CVRD pf 38.95 +1.25
CompsBc 69.43 +.45
CompSci 59.27 +.12
ConAgra 27.42 +.56
ConocPhil 80.01 +1.51
ConsolEngy 46.66 +.55
ConEd 45.61 +.49
ConstellEn 88.93 +1.76
Coopers 57.95 +.86
Coming 25.76 +.21
Costco 60.25 +1.73
CntwdFn 36.73 +.38
CoventryH 58.87 +1.22
CredSuiss 72.18 +1.22
CrwnCstle 36.90 +.63
Cummins s 105.08 +3.87
DJIA Diam 135.27 +1.07
DR Horton 19.75 -.18
DTE 48.70 +.48
DaimIrC 93.22 +1.27
Danaher 76.56 +1.06
Danone s 16.85 +.59
Darden 44.14 +.15
Dassault 64.09 +1.03
Deere 123.50 +2.76
Delhaize 97.63 -.29
Dell Inc If 28.93 +.38
DeutschBk 145.97 +1.23
DeutTel 18.64 +.23
DevDv 53.91 +1.20
DevonE 79.63 +1.34
Diageo 84.28 +.97
DiaOffs 104.69 +3.13
DirecTV 23.16 +.05
Discover n 27.50 -1.00
DiscHoldA 23.05 +.06
Disney 34.52 +.38
DollarG 21.95 +.03
DomRes 86.84 +.53
DonlleyRR 44.17 +.66
Dover 52.20 +1.05
DowChm 45.08 +.86
DuPont 51.80 +.96
DukeEgy s 18.50 +.20
DunBrad 104.58 +1.60
ETrade 22.23 +.14

13535.43 +126.81 +0.95%
5154.67 +55.79 +1.09%
508.96 +10.79 +2.17%
9997.43 +124.41 +1.26%
2632.30 +29.07 +1.12%
1519.43 +16.08 +1.07%
907.40 +11.89 +1.33%
845.06 +11.36 +1.36%
15378.66 +168.01 +1.10%

Name Last Chg
E.ON AG 56.38 +.74
eBay 32.33 +.15
EMC Cp 18.55 +.45
ENI 74.56 +2.21
EOG Res 74.13 +1.07
EKodak 28.12 +.29
Eaton 94.65 +1.65
EchoStar 43.94 +.57
Ecolab 43.15 +.45
Edisonint 57.39 +1.27
Edwards 85.47 +.92
EIPasoCp 17.32 +.09
Elan 22.56 +.63
ElectArts 48.17 +.85
EDS 28.07 +.34
Embarq 64.08 +.71
EmersnEI s 47.47 +.67
EEIChile 48.68 +.12
Enbridge 33.73 -.05
EnCana 62.91 +1.46
Endesa 53.60 +.78
Enel 54.08 +.38
EngyTjq 42.65 +.16
EngyTfr 62.50 +.77
Enersis 20.11 +.06
ENSCO 62.99 +1.98
Entergy 109.87 +2.52
EntPrPt 32.00 +.19
EqtRes 50.77 +1.21
EqtyRsd 46.09 +.46
EricsnTI 40.66. +.77
EsteeLdr 45.55 +.04
EverestRe 109.40 +.76
Exelon 76.33 +3.73
Expedia 29.16 -.13
ExpdIntl 41.83 +.53
ExpScrip s 51.12 +1.11
ExxonMbl 84.82 +.94
FPL Grp 57.40 +.66
FannieM If 66.65 +1.32
Fastenal 42.22 +.36
FedExCp 110.79 -.18
Fiat 30.63 +.87
FidNInfo 54.78 +.50
FifthThird 40.37 +.60
FirstData s 32.75 +.08
FstSolarn 93.75 +4.46
FTSpcFn n 19.60 -.30
FirstEngy 66.43 +1.70
Fiserv 56.81 +.01
Flextrn '11.05 +.25
Fluor 113.30 +1.93
FEMSA s 40.04 +.72
FordM 9.64 +.22
ForestLab 46.04 +.39
FortuneBr 82.68 +.31
FosterWh 110.80 +3.81
FranceTel 27.75 +.27
FrankRes 134.06 +1.59
FredMac 61.59 +.89
FMCG 84.68 +1.86
FresenM 46.74 +.80
Fujifilm 44.85 +.23
GameStops 40.20 +1.10
Gannett 55.18 +.23
Gap 19.26 +.16
Garmin s 76.05 +2.08
Genentch 76.32 +.66
GenDynam 78.19 -.03
GenElec 38.26 -.02
GnGrthPrp 53.47 +.52
GenMills 58.90 +.48
GnMotr 38.02 +.22
GenuPrt 50.30 +.70
Genwoth 34.85 +.45
Genzyle 65,85 +1.45
Gerdau 26.46 +.74
GileadSci s 39.34 +.54
GlaxoSKIn 52.37
GlobalSFe 74.12' +1.87
GoldFLtd 16.09 +.39
Goldcrp g 24.29 +.60
GoldmanS 219.18 +2.43
Goodrich 60.53 +.97
Goodyear 35.82 +1.06
Google 530.38 +7.68
Graingr 94.26 +1.21
GrantPrde 55.13 +1.30
GpoSimec 13.14 +.66
GpTelevisa 27.75 +.14
HDFC Bk 86.00 +1.74
HSBC 92.32 +.55
Hallibtn s 34.95 +.45
Hanson 106.50 -1.30
HarleyD 60.52 +.91
Harman 116.65 -.15
HarrahE 85.53 +.27
HarrisCorp 55.42 +.87
HartfdFn 99.81 +1.30
Heinz 47.75 +.28
HellnTel 15.41 -.14
Hershey 50.88 +.26
Hertz n 26.38 -.19
Hess 59.49 +.53
HewlettP 45.19 +.57
Hilton 33.87 +.40
Hitachi 71.85 +1.10
HomeDp 39.37 +.02
Honda 37.40 +1.11
HonwIllnti 57.08 +.80
HostHotis 23.77 +.65
HuanPwr 47.13 +.68
HudsCity 12.33 +.11
Humana 62.74 +1.83
HutchTel s 19.99 +.50
IAC Inter 34.44 -.17
ICICI Bk 50.05 +.90
IMSHIth 32.32 +.19
ING 44.57 +.60
iShJapan 14.77 +.26
iShDJDv 73.05 +1.16
iShSP500 152.03 +1.52

A V A +8.60%
A V A +13.04%
A V A +11.43%
A V A +9.39%
A A A +8.98%
A V A +7.13%
A V A +12.81%
A V A +7.29%
A V A +7.86%

Name Last Chg
iShEmMkt 134.30 +2.65
iSh EAFE 81.94 +1.17
iSR1KV nya 87.84 +1.10
IShR2K nya 83.99 +1.03
ITT Corp 69.00 +.72
ITW 55.61 +1.42
ImpOil gs 47.12 +.68
ImpTob 90.58 -1.65
IndoTel 43.98 +.88
Infineon 17.03 +.50
Infosys s 51.00 +.62
IngerRd 55.58 +.76
Intel 24.27 +.53
IntcntlEx 145.01 -2.84
IntCtlHtl 25.18 +.40
IBM 105.01 -.24
IntlGame 40.19 +.49
IntPap 38.72 -.33
Intuit s 29.61 -.47
Invesco 26.40 +.55
Ipsco g 159.18 +.30
JPMorgCh 49.15 +.70
JacobsE s 58.57 +1.06
JohnJn 61.85 +.23
JohnsnCtl 118.12 +2.35
JoyGIbl 60.48 +2.15
JnprNtwk 25.79 +.62
KLA Tnc 55.35 +.40
KPN 16.90 +.29
KT Corp 23.59 +.13
Kellogg 51.76 -.03
Keycorp 35.09 +.76
KeySpan 42.00 +.02
KimbCIk 67.67 +.78
Kimco 39.36 +1.65
KindME 55.64 +.45
Kinross g 12.18 +.50
Kohls 70.21 -.82
Kookmin .89.71 +1.99
KoreaEIc 22.49 +.59
Kraft 35.53 +.28
Kroger 28.76 +.63
Kubota 41.23 +.73
Kyocera 106.50 +1.09
L-3 Com 98.03 +.64
LG Philips 23.09 +.46
LabCp 79.07 +.81
LafargeSA 46.47 +.92
LamRsch 51.67 +.27
LVSands 76.97 +.58
LeggMason 100.31 +1.93
LehmanBr 74.17 -1.63
LeucNatl 36.23 +.98
Level3 5.82 -.03
LibGlobA 41.74 +.70
LibGlobB 41.82 +.72
LibGIobC 39.98 +.68
LibtyMIntA 22.72 +.39
LibtMCapA 118.69 +1.01
LillyEli 56.73 +.85
Limited 28.50 +1.05
LincNat 71.95 +1.00
LinearTch 36.68 +.50
LloydTSB 44.77 +.05
LockhdM 94.66 +.53
Loews 52.00 +1.02
Lowes s 30.71 +.02
Luxottica 38.87 +.23
Lyondell 38.44 +1.32
M&T Bk 108.54 +1.64
MBIA 62.07 -.15
MEMC 63.64 +2.52
MGMMir 82.29 -.19
Macys 39.83 +.05
Magnal g 92.86 +1.87
Makita 45.23 +.59
Manpwl 93.88 +1.64
Manulif gs 37.14 -.18
Marathon s 61.20 +1.24
MarintA 43.77 +.53
MarshM 31.09 +.21
Marshlls 48.03 +.40
MartMM 164.80 +2.78
MarvellT sif 18.08 -.13
Masco 28.65 +.18
MasterCrd 166.18 +.31
Matsush 20.17 +.36
Mattel 25.70 +.41
Maxim If 33.41
McDermint 85.77 +2.65
McDnlds 51.38 +.62
McGrwH 67.99 -.09'
McKesson 59.60 -.04
MeadWvco 35.73 +.41
MedcoHIth 79.51 +1.52
Medtrnic 53.37 +1.51
Merck 49.57 -.23
MerrillLyn 83.51 -.07
MetLife 65.58 +1.10
Metso 61.18 +2.24
Microchp 37.46 +.42
MicronT 12.48 -.05
Microsoft 29.74 +.27
Millea s 41.23 +.19
Millicomint 96.40 +4.76
Mirant 43.83 +1.18
MitsuUFJ 11.36 +.34
Mitsui 419.00 +17.69
MizuhoF n 14.09 +.20
MobileTel 62.28 +1.71
Mohawk 101.63 +.84
MolsCoorsB 92.80 +.34
Monsanto s 68.59 +1.05
Moodys 62.04 -.16
MorgStan 71.33 +1.70
Mosaic If 39.78 +.76
Motorola 17.84 +.14
MurphO 60.69 +1.25
NCR Cp 53.03 +.49
NEC 5.20 +.06
NIl HIdg 81.78 +1.04
NRG Egy s 42.40 +.83

Name Last Chg
,NTTDoCo 16.04 +.24
NYMEXn 123.46 -2.17
NYSE Eur 73.55 -.07
Nabors 33.35 -.03
NBkGreece 11.63 +.18
NatlCity 34.11 +.79
NatGrid 74.36 +.58
NOilVarco 108.97 +4.73
NatSemi 28.26 -.01
NetwkAp 28.91 -.28
NewellRub 29.77 +.34
NewmtM 39.89 +.83
NewsCpA 21.28 +.07
NewsCpB 23.02 +.08
Nexen g s 31.41 +.46
Nidec 15.19 +.46
NikeB wi 58.40 +.11
NippnTT 22.41 +.24
Nissan 22.00 +.56
NobleCorp 99.22 +1.70
NobleEn 63.40 +1.01
NokiaCp 28.55 +.44
Nomura 19.72 +.30
Nordstrm 50.50 -462
NorflkSo 53.58 +1.01
Norsk 39.50 +1.23
Nortel Ifrs 24.06 +.01
NorTrst 64.77 +.53
NorthropG 78.46 +.59
Novartis 56.38 +.31
NovoNdk 110.41 +1.84
Nucor. 59.68 +1.03
Nvidia 43.03 +1.72
OcciPet s 58.72 +.84
OffcDpt 30.78 +.48
Omnicm s 52.52 -.40
Oracle 19.92 +.21
Orix 136.65 +3.41
PG&ECp 46.14 +.84
PNC 73.15. +1.57
POSCO 125.70 +5.70
PPG 76.95 +.84
PPL Corp 48.25 +1.46
Paccar s 89.48 +2.44
ParkHan 99.65 +1.74
Paychex 39.37 +.25
PeabdyE 49.13 +.06
Pearson 16.91 +.07
PennWst g 34.03 +.66
Penney 72.38
PepsiBott 34.07 +.39
PepsiCo 65.30 +.45
PetroC g 54.62 +1.46
PetChina 150.90 +2.22
PetrbrsA s 55.26 +1.92
PetrbrsA 106.68
Petrobrs s 62.90 +2.27
Petrobrs 121.27
Pfizer 25.73 +.16
PhilLD 58.22 +1.02
PhilipsEl 43.30 +.98
PitnyBw 47.03 +.21
PlainsAA 63.90 +.25
PlumCrk 43.23 +1.57
Polo RL 99.43 +1.32
PortglTel 13.91 +.02
Potash s 80.94 +2.97
PwShs QQQ 48.01 +.41
Praxair 72.91 +.92
PrecCastpt 125.50 +4.14
PriceTR 53.24 +1.35
Pridelntl 38.11 +.65
PrinFnci 60.00 +1.71
ProctGam 61.74 +.55
ProgrssEn 46.51 +.92
ProgsvCp 23.52 -.41
ProLogis 59.27 +2.37
Prudent 98.59 +1.36
Prud UK 28.63 +.03
PSEG 91.26 +3.48
PubStrg 79.17 +2.35
Publicis 43.76 +.31
Qualcom 43.93 +.54
QstDiag 51.55
Questar s 53.69 +.84
QwestCm 9.65 -.05
Raytheon 54.23 +.34
ReedElsNV 37.93 +.01
ReedEls plc 51.75 +.05
RegionsFn 33.89 +.79
ReliantEn 27.72 +.77
Repsol 40.22 +1.52
RschMotn 214.26 +14.27
ReutrGrp 74.87 +.18
ReynAm s 65.48 +.28
Rinker 79.83 +.23
RioTinto 321.48 +15.36
RobtHalf 37.04 +.54
RockwlAut 69.83 +.39
RockColl 71.61 +.97
RogCm gs 43.03 +.54
RoHaas 54.87 +.19
Rostele 57.98 +.98
RoyalBk g 52.91 -.16
RylCarb 42.56 -.42
RoyDShllB' 85.27 +1.92
RoyDShllA 83.39 +2.19
Ryanair s 38.48 +.73
SAP AG 51.78 +.71
SK Tlcm 27.60 +.25
SLGreen 128.20 +4.31
SLM Cp 57.80 +.22
STMicro 19.44 +.25
Safeco 62.94 +.68
Safeway 34.75 +.72
Stiude 42.03 +.54
SanDisk 48.40 -.54
Sanofi 41.02 +.75
Santos 47.93 +.47
SaraLee 17.46 +.06
Sasol 38.40 +.86

Satyam s

Name Last Chg
SchergPI 30.96 +.52
Schlmbrg 86.74 +1.80
Schwab 22.00 +1.48
SeagateT 22.34 +.57
SearsHIdgs 169.40 -.10
SempraEn 60.44 +1.21
ShawC g 42.42 +.38
Sherwin 67.03 +.56
Shinhan 124.50 +2.00
Shire 74.50 +.37
SiderNac 52.87 +1.15
Siemens 145.31 +2.25
Slcnware 11.13 +.13
SimonProp 96.52 +3.48
Smith&N 62.94 +.91
Smithlntl 59.46 +.82
Sodexho 72.63 +1.36
SonyCp 51.57 +.20
SouthnCo 34.64 +.35
SthnCopp s 98.41 +4.15
SwstAirl 14.94 +.03
SwstnEngy 44.87 +.37
SovrgnBcp 21.48 +.34
SpectraE n 26.33 +.37
SprintNex 21.58 +.87
SPDR 151.79 +1.36
SP Mid 164.97 +2.02
Staples 24.42 +.69
Starbucks 26.05 -.19
StarwdHtl. 67.13 +.06
StateStr 68.70 +.30
Statoil 31.49 +.48
Sterlite n 14.74 +.07
StoraEnso 19.08 +.35
Stryker 63.46 +.37
Suez 57.34 +.02
SunLfFn g 48.24 +.49
SunMicro 5.19 -.07
Suncor g 91.20 +1.28
Sunoco 80.96 +1.28
SunTrst 87.08 +1.34
Supvalu 46.26 -.06
Swisscom 34.63 +.53
Symantec 19.94 -.26
Syngenta 39.50 +.57
Synovus 31.07 +.37
Sysco 33.33 +.34
TD Ameritr 20.15 +.15
TDK 98.26 +1.53
TJX 27.52 +.02
TXU Corp 67.67 +.37
TaiwSemi 11.28 +.15
TalismE gs 19.57 +.24
Target 63.84 +.24
TataMotors 16.64 +.22
Technip 83.64 +1.05
TeckCm gs 44.46 +1.96
TelcNZ 28.57 +.65
Telltalia 27.82 +.36
TelltaliaA 22.40 +.38
TelBrasH 40.30 +1.12
TelSPaulo 32.80 +.26
TelefEsp 67.76 +1.00
TelMexL 37.99 +.10
TelData If 64.23 +1.66
Telkom 103.17 +2.42
Telus g 60.82 +1.90
Templeln 62.27 +.74
Tenaris 49.81 +.85
Terex s 85.46 +4.16
Ternium 31.00 +.71
Tesoro wi 57.72 +.57
TevaPhrm 41.74 +.49
Texinst 38.06 +.43
Textron 113.50 +3.39
ThermoFis 52.47 +.75
Tfomson 41.04 +.01
3M Co 88.00 +1.21
Tiffany 54.13 +1.07
TW Cable n 39.75 +.58
TimeWarn 21.51 +.47
Trchmrk 67.83 +.83
TorDBk g 68.71 +.72
Total SA 82.39 +1.41
Toyota 128.12 +2.24
TrCda g 34.25 -.16
Transocn 108.18 +2.20
Travelers 54.48 +.98
Tribune 29.91 +.51
Turkcell 17.59 +.94
Tycolnti n 53.36 -.32
Tyson 23.32 +.28
UBS AG s 61.00 +.99
UPM Ky 25.05 +.49
UST Inc 52.90 -.81
UltraPtg 56.85 +1.61
UUniao 114.82 +1.95
UnilevNV 31.40 +.38
Unilever 32.52 +.26
UnionPac 116.24 +1.09
UnBnCal 60.29 +.59
UtdMicro 3.52 +.10
UPS B 73.33 +.33
US Bancrp 33.19 +.24
US Cellular 92.73 +2.13
USSteel 111.86 +3.11
UtdTech 72.46 +1.53
UtdhlthGp 52.22 +1.08
UnumGrp 26.29 +.18
VF Cp 92.28 +.70
ValeroE 74.27 +.41
VeoliaEnv 78.71 +.40
Verisign 32.26 +.53
VerizonCm 41.58 +.41
ViacomB 42.18 +.55
VimpelCm 108.02 +2.66
VirgnMda h 28.67 +4.30
Vodafone 33.55 -.08
Volvo s 20.36 +.47
Vornado 114.76 +4.92
VulcanM 115.28 +.74
WPP Gp 74.34 -.41
Wachovia 52.30 +1.05
WalMart 48.33 +.22
Walgrn 43.71 +.17
WA MutI 43.09 +.45
WsteMInc 39.74 +.69
Weathfdint 55.75 +.51
WellPoint 81.07 +1.24
WellsFgos 35.51 +.34
WstnUnn 20.86 +.03
Westpac 110.00 +1.19
Weyerh 80.02 +1.09
Whrlpl 112.20 +1.00
WhtMtlns 606.40 +.38
WmsCos 32.05 +.43
WillisGp 44.00 -.06
Windstrm 14.72 -.04
Wipro 15.70 +.15
Wolseleys 23.60 -.59
WooriFn 77.54 +1.00
Wrigley 55.30 -.01
Wyeth 57.80 +.46
Wyndham n 37.75 +1.49
Wynn 89.56 -.09
XL Cap 85.03 +.74
XTO Engy 61.01 +,91
XcelEngy 20.82 +.35
Xerox 18.69 +.21
Xilinx 26.97 +.20
YPFSoc 44.92 -.28
Yahoo 26.86 -.27
YumBrds s 33.34 +.62
Zimmer 85.44 +.55

25.08 +.32 I ZionBcp 77.86 +.95

Interestrates 'r in
F pM 3-month T-bill 4.79 4.67 +0.12 A A V 4.87
6-month T-bill 4.81 4.73 +0.08 V A V 5.04
SP 1-yearT-note 4.97 4.98 -0.01 A V V 5.26
2-year T-note 4.84 4.88 -0.04 V V A 5.15
5-year T-note 4.89 4.92 -0.03 V V A 5.10
10-yearT-note 4.99 5.03 -0.04 V A A 5.14
30-year T-bond 5.10 5.12 -0.02 V A A 5.19


YEST 8.25 5.31
PREV 8.25 5.31
uwXAtln BI ;*n

Lehman Bros Bond ldx5.14 5.18 -0.04 A A 5.29
Bond Buyer Muni Idx 4.81 4.83 -0.02 A A 4.93
Lehman US InvGrade 5.67 5.74 -0.07 V A A 5.79
Lehman US High Yield 8.10 810 .. A A A 858
Moodys Bond Index 5.73 5.82 -0.09 V A A 5.98
Bank Index 11430 112.89 +1.41 A V V 10735
DJ Core Bond 197.71 197.34 +0.37 A A A iJWA

Commodities COMMODITY CLOSE Pvs. %CH. %YTD
Unleaded Gas (gal) 2.25 2.29 -1.75 +40.4
Crude Oil (bbl) 71.09 70.68 +058 +16.5
Gold (oz) 656.50 648.10 +1.30 +3.4
Platinum (oz) 1292.60 1279.00 +1.06 +13.5
Silver (oz) 12.62 12.35 +2.19 -1.4
Coffee (Ib) 1.10 1.11 -0.90 -12.8
Orange Juice (Ib) 1.32 1.33 -0.75 -34.4
Sugar (Ib) 0.09 0.09 -23.4

Foreign i41 10 .
Exchange COUmIRY COSE mCH. %C1. AG AMO
rn Argent (Peso) 3234 -.0000 -.00 3268 -.0009
Brazil (Real) .5222 +.0037 +.71 .4688 +.0603
Britain (Pound) 2.0165 +.0088 +.44 L9729 +.1680
Canada (Dollar) .9468 +.0058 +.61 .8581 +.0503
V Y Chile (Peso) .001897 +.000001 +.05 .001875+.000040
Colombia (Peso) .000510 +.000004 +.78 .000447+.000122
Dominican Rep (Peso) .0302 -.0000 -.00 .0299 -.0003
Euro (Euro) 1.3623 +.0088 +.65 13276 +.0836
Japan (Yen) .008175 +.000054 +.66 .008414 -.000568
Mexico (Peso) .092969 +.000398 +.43 .092790+.004155
Uruguay (New Peso) .0418 -.0000 -.00 .0409 -.0002

S&P 500 1519.43 +16.08 +1.07% A V A +7.13%
Frankfurt DAX 7958.24 -49.08 -0.61% A V A +20.64%
London FTSE 100 6590.60 -17.30 -0.26% A V A +5.94%
Hong.Kong Hang Seng 21772.73 -165.49 -0.75% V A A +9.06%
Paris CAC-40 6026.95 -27.98 -0.46% A V A +8.76%
Tokyo Nikkei 225 18146.30 +7.94 +0.04% A A A +5.34%

Buenos Aires Merval 2234.80 +43.93 +2.01% A V A +6.90%
Mexico City Bolsa 31420.69 +269.64 +0.87% A V A +18.80%
Sao Paolo Bovespa 54392.06 +245.47 +0.45% A A A +22.30%
Toronto S&P/TSX 13906.57 +190.90 +1.39% A V A +7.73%

Seoul Composite 1771.35 +27.75 +1.59% A A A +23.49%
Singapore Straits Times 3550.34 +2.14 +0.06% V V A +18.91%
Sydney All Ordinaries 6298.60 -12.00 0.19% V V A +11.59%
Taipei Taiex 8939.49 +56.28 0.63% A A +14.26%
Shanghai Shanghai B 249.82 -5.16 -2.02% V V A +92.01%

Largest Mutual Funds



ConstellA m 29.03 +.28 +18.0
American Cent
Ultralnv 29.34 +.34+11.4
American Funds
AmcapA m 21.72 +.20 +17.9
BalA m 20.02 +.15+16.6
BalB m 19.95 +.15 +15.7
BondA 'm 13.21 +.02 +6.9
CaplncBuA m 65.57 +.58+24.7
CpWIdGrlA m 46.64 +.51 +29.4
EurPacGrA m 52.60 +.64 +28.9
FundminvA m44.73 +.53 +23.2
GrowAmerA m36.27 +.37 +19.2
GrowAmerB m35.01 +.36+18.3
HilncA m 12.63 +.02+12.1
IncAmerA m 21.43 +.16+20.8
InvCoAmA m 36.23 +.36+19.7
MutualA m 31.59 +.30+22.1
NewEconA m 29.27 +.28+25.1
NewPerspA m35.44 +.41+26.1
NwWridA m 56.61 +.81+43.9
SmCpWIdA m46.09 +.55+34.5
WAMutlnvA m37.59 +.40+22.2
Intl 32.34 +.30 +27.9
Growth b 53.88 +.54 +16.7
TxMIntl 29.36 +.43 +27.6
GlobAlcA m 19.74 +.15 +182
GlobAIcC m 18.60 +.14+17.2
GrowA m 60.77 +.77+16.1
AcornZ 33.16 +.40+22.1
EmgMktVal 41.36 +.83+65.4
IntlSmCap 24.01 +.30+35.1
IntlSmCo 22.06 +.31+33.0
IntlValu 26.03 +.26+36.4
USLgVal 27.71 +.34+22.6
USSmVal 31.91 +.38 +18.5
DremHRtEA m53.62 +.57+19.8
NYVentA m 41.86 +.45 +21.2
NYVentC m 40.23 +.43 +20.3
NYVentY 42.38 +.45 +21.5
Dodge & Cox
Bal 90.66 +.65+16.1
Income 12.43 +.02 +6.6
IntlStk 49.36 +.46+30.1
Stock 163.74+1.65 +21.0
AstMgrSO 16.99 +.11 +14.2
Bal 21.19 +.21 +18.6
BIChGrow 47.88 +.45+17.3
CapApr 30.18 +.37+19.9
Caplnc 9.14 +.02+15.5
Contra 71.18 +.80+18,3
DiscEq 32.14 +.38+22.6
DivGrow 34.20 +.23+22.3
Divrlntl 41.49 +.44+27.1
Eqinc 62.94 +.71 +25.1
EqInc II 25.28 +.26 +20.9
FF2015 12.78 +.09+16.0
FF2040 10.09 +.10+21.3
Fidelity 39.38 +.40+22.1
Free2010 15.19 +.11 +14.8
Free2020 16.31 +.15+18.2
Free2030 17.01 +.17 +20.6
Govtinc 9.93 +.01 +5.4
GrowCo 76.94 +.93 +20.1
Growinc 33.57 +.33+18.4
IntBond 10.15 +.01 +5.5
IntlDisc 42.95 +.52 +30,3
InvGrdBd 7.25 +.02 +6.1
LevCoSt 35.31 +.48+31.1
LowPriStk 48.04 +.54+23.7
Magellan 94.98+1.18 +18.2
MidCap 32.29 +.39+22.1
OTC 46.67 +.61 +28.3
Overseas 51.34 +.62+29.8
Puritan 21.16 +.16 +18.6
Reallnv 34.21 +.79 +11.8
ShTmBond 8.79 ... +4.7
USBdIndx 10.73 +.02 +6.2


Value 90.96+1.15+25.4
Fdety Sparma
5001ndxAd 105.32+1.12+21.8
5001ndxin 10531+1.11+21.8
USEqlndxA 53.99 +.58+21.8
USEqlndxl 53.98 +.57+21.8
iMat Eagle
GIbA m 49.33 +.34+18.9
OverseasA m 27.24 +.15+19.0

CATFA x 7.22 -.02 +5.2
FedTFA x 11.89 -.04 +4.9
Fgn A m 15.07 +.12 +24.8
ForEqIs 30.06 +.15+35.6
Growth A m 27.60 +.17+23.1
Growth Ad 27.66 +.17+23.5
WoridA m 21.09 +.15+242
GMOErgMktsVI d2559+.55
CapApnst 35.33.36 +15.5
IntlinstI 71.65+1.11 +36.6
AdvHLSIA 24.08 +.20 +19.6
CapAprA m 42.27 +56 +242
wCpow U +A +NJ
DvGrHLSIA 24.88 +.29+26.1
IntrAmerS 30.18 +.38 +20.4

Contrarian 19.91 +20 +40.0
Growinc 41.83 +.42+17.4
Janus 31.09 +.29+21.4
MdVaml S +31 +DA
Omeseas 51 8 +0 4
twenty 62.08 +.93+26.5
John Hancock
CIsscVIA m 295 +.27 +22.9
Legg Masom
Valuelnst 84.83 +.94+193
ValuePr b 75.78 +.83 +12
Lngleaf Partners
LongPart 38.81 +30+24.3
Bondl 1453 +.07+12.7
Lord Abbett
AffilliatA m 16.19 +.15 +1&8.
MidCpValA m 2472 +25 +25.5
TotRetA m 17.00 +.11+16.8
ValueA m 29.07 +.29+24.3
Masters' Select
SmallerCos 17.07 +.26 +212
IntlEqA 22.84 +.14+25.6
Eqinci 27.97 +.18+15.6
Intl I 2759 +.04 +24.9
0k i atl 2 +3 1 +215
StcI 17 +., +19
DevMktA m 4922 +1.01 +49.2
GlobA m 80.43 +.74 +2318
MainStrA m 43.94 +.45+20.5
IWI iAnm I1. +2 471
RochNtiMu m 12.57 +.01 +7.1
StrincA m 4.38+.02+13.0
AlAssetl 12.81 +.06 +9.
ComRiRStl 14.15 +.10 +12
LowDris 9.82 +.02 +4.8
b"ain 1tl + 4 H1
NAeMtb lI1 +9J IS
TotReUs 10.18 +.02 +5.4

GlobHIYA m 12.66 +14.6
PioneerA m 5231 +.54 +21.4
GrowlncA m 21.38 +.22+21.0

DlvrEqlnA m 14.50 +20 +24.9

MulStrBdS 1022 +.02 +5.8
YIdPIsSel 9.67 -. +5.7
S0ckd d

AmerShS b 49.95 +.57 +20.9
BIChpGr 3933 +43+22.2
CapApprec 22. +.15 +202
Eqlndex 40.73 +.43+21.5
Eqtylnc 31.59 +.30+23.8
GrowStk 34.71 +35+24.1
IntlStk 18.52 +25+26.4
a" 33 *.3 +Z
MidCpGr 62.56 +.74+22.9
NewEra 57.23 +1.02 +28.4
kri W S +14
Newlncome 8.79 +.02 +6.3
SmCpStk 37.11 +38 +15.6
SmCpVal 45.16 +.51+15.6
Value 29.96 +.28+25.9
Ind AnlMem
Value 64.52 +.44+18.0

IntalA m 33.07 +.22 +332

GlobVal 34.32 +.09+26.9
Vt K-pm
ComstocA m 2029 +.16 +19.8
EqincoeA m 99 +.09 +17.4
GrowlncA m 23.76 +.31+22.6

500 139.91+1.48 +21.7
OAdnI 139.91 +1.48 +2L8
mI 3 +11
Wsami an2 #I #

Eumpeldx 40.99 +A44+33.7
Explr 83.63 +.93+18.0
Extndktldx 42.92 +53 +20L2
GNMA 10.02 +.01 +5.9
GNMAAdml 10.02 +.01 +6.0
08 U 31 3+11
DOMl 03 234 +3 +11

Olnii 1 44 +155
Instldx 13885+1.47 +21.8
InstPlus 138.86+1.48 +21.9
InstTBdld 49.61 +.0 +6.2
lnstTStPl 33.15 +.37 +21.
IntlGr 27.09 +.37+30.3
IntlVal 45.73 +.61+29.
M 17S +1ti +141
UfeGro 25.63 +.25+21.2
LifeMod 21.44 +.17+17.6
MkdCp 22.21 +.29+22.2
ilist 2 +3 +23
Morg 20.85 +.24+20.6
MulntAdml 13.11 +.01 +4.6
PM 11 a+2 +171
Prncp 7583 +.81+19.0
PrmcpAdml 78.75 +.84+19
ElMi 2w 5+Al t+14
STCor 10.53 +.01 +5.8
STld. 10s +4 i 4
bootc U +.4 +116
Star 22.12 +.18 +16.9
S9tEq S J+3+ 43
Wtis 1ia +11 u+11
Tgtet2025 14.07 +.14+19.9
TotBdAdml 984 +.02 +63
IbtdId 9.84 +.02 +6.2
TotBdInst 9.84 +.02 +6.4
mi U +3 +3 3
"ia U 4+A 4+
TotStldx 36.77+.41+21.6
Wellsl 22.13 +.13+12.9
Welitn 34.23 +.31+18.7
AMmU as .#2 i
Wndsr 20.05 +.28+24.5
WndsrAdml 67.67 +.97 +24.7

CrPIBdIps 10.23 +.01 +7.2



' |

6:30 AM 2:00 PM 10:15 PM With less ooze.

Ss =0PoLIGR6i-












1 5 5 pThe Bahamian Stock Market

* By Fidelity Capital
TF~he Bahamian market
was bustling with trad-
...Ting activity this past
week, as 94,327 shares changed
hands. The market saw 14 out
of its 19 listed stocks trade, of
which nine advanced, two
declined and three remained
Volume leader for the week
was Commonwealth Bank
(CBL) with 23,500 shares
changing hands, accounting for
24.9 per cent of the total shares

The big advancer for the
week was Bahamas Waste
(BWL), up $0.3.0 or 9.37 per
cent to close at a new 52-week
high of $3.50.
Also advancing this week
was FOCOL (FCL) and Aba-
co Markets (AML), gaining
$1.47 and $0.12 respectively to
close the week at $18.97 and
On the down side, Cable
Bahamas (CAB) dropped
$0.14 or 1.3 per cent to close
the week at $10.60. For the
week, the FINDEX gained
5.35 points, to close at 814.49.
FINCO (FIN) For the
three months ending April 30,
2007, FIN posted net income
of $4.9 million, representing an
increase of $103,000 or 2.16 per
cent over the same period last
Total income grew by
$178,000 or 2.35 per cent to
total $7.7 million, while non-
interest expenses increased by
$74,000 or 2.62 per cent to total
$2.8 million. Total assets stood
at $691 million compared to
$661 million at the end of fiscal

To advertise in The T ne the #1 newspaper
in circulation, just call 322-1986 today!




International Markets

Weekly %Change
CAD$ 1.0649 -0.36
GBP 2.0074 0.44
EUR 1.3531 0.49

Weekly %Change
Crude Oil $70.47 1.97
Gold $651.40 -0.84

International Stock Market Indexes:
Weekly %Change
DJIA 13,408.62 0.36
S & P 500 1,503.35 0.05
NASDAQ 2,603.23 0.55
Nikkei 18,138.36 -0.28






on rule


FROM page 1

The document request-
ing further feedback on this
one area was due "to go out
this week", and Mr Davies
said: "We're right on sched-
ule with respect to our orig-.
inal plan [to complete the
first feedbcak review]. We
completed at the end of the
"This one issue was
important enough to delay
-the submission to the
The initial proposed
changes to the BISX Rules
were intended to improve
market transparency, cor-
porate governance, disclo-
sure and the.tinelipess of
financial reporting, and deal
with issues such as insider
trading and the major
amount of insider informa-
tion swishing about in the
Bahamian capital markets.
Among the proposed
changes were reducing the
timelines for filing quarter-
ly and annual financial
from 90 days and 120 days
respectively to 60 days and
90 days; giving BISX's list-
ings committee the ability
to disqualify listed equities'
directors; the requirement
for all BISX issuers to
make all material disclo-
sures to a new BISX
-department, called the
Companies Announce-
ments Office; and expanded
sanctions powers for the
BISX Listings Committee.


JULY 2ND 2007
JULY 3RD 2007

4 P.M. 7 P.M.
4 P.M. 7 P.M.


$- '



BBL has declared dividends of $0.01 per share, payable on
July 31, 2007, to all shareholders of record date July 16,2007.
CWCB has declared dividends of $0.012 per BDR, payable
on August 8, 2007, to all shareholders of record date June 30,
Colina Holdings (Bahamas) (CHL) will hold its Annual
General Meeting on July 11, 2007, at 5.30pm at the J. W.
Pinder Building, Colinalmperial Insurance, Collins Avenue,
Nassau, Bahamas.




S12 Healthy

ICoconut Trees

I For Sale

Tel: 326-1296

I 322-8832

Family Reunion
Sunday 8th, July 2007
I 1:() am Annex Baptist Church
7:00pm Rake & Scrape CB's Lounge

Monday 9;h July 2007
Indepedndence Celebrations

Tuesday 10th, July 2007
1:00 Beach Party

it ednesday ilth, July 2007'
Visit Govenor General, Government House

Contact Persons:
Phillippy Collie-Taylor 393-8695
Beverly Deveaux 364-3665

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 jnd 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.
Altn: 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


Bahamas losing a third of college graduates

When asked about the impli-
cations of the 36.4 per cent
'departure' rate, Philip Simon,
the Bahamas Chamber of
Commerce's executive direc-
tor, said: "I can't vouch for that
statistic, but I can pretty much

Legal Notice




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


Legal Notice



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

(Liquidator) .

Legal Notice



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


FROM page 1

Australia, Switzerland, Ger-
many. Spain. Barbados, the
Cayman Islands and the
Netherlands Antilles.

vouch for the fact that. it's
always been difficult to retain
highly-qualified Bahamian
workers in the Bahamian mar-
"This is because like every-
thing else, global competition
for highly-trained, highly-
skilled labour is fierce. The
Bahamas is no exception, and
often-times the rewards are
such that local companies are
unable to compete."
Mr Simon said lack of eco-
nomic diversification was
another factor behind the
'brain drain' of tertiary-edu-
cated Bahamians, especially
those with science-related
degrees, given the narrow
focus on tourism, financial ser-
vices, real estate, construction
and other service-based indus-
The absence of opportuni-
ties in their qualified or cho-
sen fields encouraged these
Bahamians to "want and
search for opportunities
Mr Simon said that as a
result, he had always pushed
for the creation of new indus-
tries and business ventures that
provided both jobs and entre-
preneurial opportunities.

Legal Notice



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


Legal Notice



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


"The educated Bahamians
have tremendous opportunities
in this environment to become
entrepreneurs and create
opportunities, not simply look
for them," Mr Simon said.


"But the Government has to
have in place [a business
framework] that encourages
the creation of companies in a
simple, not cumbersome, way,
and capital has to be available
to give them a chance.
"In the absence of that, I
believe we will continue to
have this slippage occur on an
annual basis."
Mr Simon said the 'brain
drain' meant that those highly-
qualified, well-educated
Bahamian workers who
remained in the Bahamas
would be in "greater demand",
and able to change jobs at will.
This, he added, might be
good for those individuals but
could cause some "instability"
for the employers they were
"This means we're not max-
imising our potential as an
industry and a country," Mr
Simon said.

The World Bank's findings
backed up an International
Monetary Fund (IMF) report
in 2006, which found that 58
per cent of Bahamians who
were educated to a college or
university level migrated to the
US for work between 1965 and
Between 1970 and 2000, the
Bahamas also had the 18th
highest emigration rate to
OECD-member states among
its nationals who had been
educated to tertiary levels.
Yet only 10 per cent of
Bahamians educated to sec-
ondary school level, and 2 per
cent educated to primary
school level, had emigrated to
the US between 1965 and 2000.
Brian Nutt, the Bahamas
Employers Confederation's
(BECon) president, told The
Tribune yesterday that he felt
one of the main reasons highly-
qualified Bahamians went
abroad to work and never
came back was due to the
absence of "a diversified econ-
"A lot of those individuals
may end up getting degrees for
industries that do not exist in
the Bahamas, so there is noth-

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



The Quieting Titles Act 1059 Chapter 367.

ALL THOSE pieces parcel or lots of land comprising
portions of Lots 9, 23 & 92 and being of admeasurements
29,002 square feet and being portions of the Marsh Harbour
Crown Allotments located on the Southern shoreline of
Marsh Harbour and being bounded clockwise as follows:
NORTHWARDLY by Bay Street and running thereon One
Hundred and Twenty and Eight Hundredths (120.08) feet
more or less WESTWARDLY by land belonging to the
Petitioner and running thereon Seventy-five (75) feet
NORTHWESTWARDLY by property of the Petitioner
and running thereon irregularly for Seventy and Fifteen
Hundredth (70.15) feet more less WESTWARDLY by
property said to be the estate of the late George Archer
and running thereon irregularly for One Hundred and
Thirty-five and Fifty-eight Hundredths (135.58) feet
more less SOUTHWESTWARDLY by the property of
Cynthia Smith and running thereon Eight-six and Sixty-
two Hundredth (86.62) feet EASTWARDLY by parcel of
private property and running thereon Fifty-six and Ten
Hundredths (56.10) feet SOUTHWARDLY by the said
private property and running thereon for Ninety-nine
and Twenty-two Hundredths (99.22) feet EASTWARDLY
by land of the Estate of E. I. Lowe and running thereon
One Hundred and Ninety-one and Seventeen Hundredth
(191.17) feet which said piece parcels or lots of lands have
such shape marks boundaries and dimensions as are
shown on the diagram or plan filed with this Petition.

(a) The Registry of The Supreme
Court, Freeport, Grand
Bahama Commonwealth of
The Bahamas.

(b) The Chambers of V. Alfred
& Company, 21A Kipling
Building Freeport GrandBahama,

(c) The Administration's Office
Marsh Harbour, Abaco,
The Bahamas

NOTICE IS HEREBY GIVEN that any person
or persons having dower or right of Dower or an
Adverse Claim not recognized in the Petition shall
on or before the 28th day of August, A.D. 2007
file in the Supreme Court of the Commonwealth of
The Bahamas aforesaid and serve on the Petitioner or
the undersigned an Adverse Claim; Non compliance
with the NOTICE will operate as a bar to such claim.

Dated this 20th day of June A.D. 2007.

Freeport, Grand Bahama
The Bahamas

Attorneys for the Petitioner



4 '
1 * *

ing for them to come back to in
the Bahamas," Mr Nutt said.
In addition, apart from
degree qualifications, Mr Nutt
said employers also looked for
workplace experience, some-
thing that led Bahamians to
spend several years working
abroad before they came
"It does deprive our work-
force of being as well-rounded
as it should be, again because
we're so limited in areas of our
economy," he added.


"It's almost a situation
where people, once they have .
decided on their career path, ..
they may know from the I
beginning there's no place for
them in the Bahamas. That
puts us in the position of not '
only losing that individual, but
generations from that individ-
ual who become citizens of '
another country."
Some industries, Mr Nutt
added, were "so narrow" that
there were no employment
opportunities as all posts were
filled, forcing Bahamians to
look abroad.

Pricing Information As Of: F A. L"
Monday 2 July 2007
b..- .IS smI*Tuh ip;DS--is^ CwwOAxBWALcoM -M p A OATAA & IMFORMA'nlN
52wk.H., 2vk.-L.jA Securr y Previous Close Today's Close Change Daily Vol EPS $ Div $5 PiE Yield
1.85 0.54 Abaco Markets 1.60 1.60 0.00 20,850 0.000 0.000 N/M 0.00%0
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 7.49 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 -0.013 0.020 N/M 2.35%
3.50 1.45 Bahamas Waste 3.50 3.50 0.00 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 Bahamas 10.60 10.60 0.00 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 BDRs 5.86 5.87 0.01 0.112 0.050 52.4 0.85%
2.76 2.20 Doctor's Hospital 2.43 2.20 -0.23 2,500 0.281 0.000 7.8 0.00%
6.40 5.54 Famguard 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 14.60 0.05 2.400 0.977 0.500 14.9 3.42%
18.97 11.15 Focol 18.97 18.97 0.00 1.657 0.520 11.4 2.74%
1.00 0.54 Freeport Concrete 0.54 0.59 0.05 1.000 -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%
*R !Wi rruc nterScrs . **: w* .:i,., -iuru;.r i
52k.-Hi 52,l-.Low Symbol Bid 1. La51 Price VveeKl Vol PS $ Div $ PiE Yield
14.60 12.25 Bahamas Supermarkets 14.60 15.60 16.00 1.234 1.185 12.6 8.12%
10.14 10.00 Caribbean Crossings (Pref) 8.00 8.25 10.00 0.000 0.640 NM 7.85%
0.54 0.20 RND Holdings 0.35 0.A0 0.20 0.034 0.000 11 8 0.00%
. . -. QV.:' 0 t h9r-n-Counter SecurtUe "
4300 28 00 ABD'AB 41 00 .-13 00 41 00 2220 0 000 194 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%
,t '0,.,"'. ... ;.. ',-.' .BIXU .ted MlAtual Funds. ...
52vK.H. ,i52k.Lou Fund Name NA V YTD''. LaSl 12 lOr.l. E'- $ Yibaidr
I 3451 1 2945 Conina Money Markel 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*****
0* ." it'. 'osa06 4 a~ 'f' 09.80% / 21008 34.47%
BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 MARKET TERMS YIELD last 12 month dividends divided by closing price NAV KEY
52wk-HI Highest closing price In last 52 weeks Bid $ Buying price of Colina and Fidelity
52wk-Low Lowest closing price In last 52 weeks Ask $ 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 daily volume Weekly 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
Dally Vol. Number of total shares traded today NAV Net Asset Value "* 31 May 2007
DIV S Dividends per share paid in the last 12 months N/M Not Meaningful
P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock index. January 1. 1994 = 100 *.3 30 April 2007
... 31 May 2007


I r-\u.AL. UU, I UL;.OLJMI, o UL 03 eUUI



Chamber of Commerce

plans Haiti-Dominican

trade mission

FROM page 1

to do it during October of this
"Haiti can become for the
Western Hemisphere wha
China is for the Eastern Hemi
sphere, when you think abou
the opportunity to take advan
tage of the the economies o:
scale and scope that Hait
offers through its lower wage
profile, particularly in agricul
Sure, and textiles."
''* Mr Simon added that the
Dominican Republic hac
"positioned itself very well and
made itself very competitive ii
terms of new products, as wel
S as distribution".
He explained that th(
Dominican Republic had
become something of a distri
bution hub for goods exported
from South and Central Amer
ica, as well as Europe, and th(
.trade mission aimed to giv
Bahamian firms the opportu
nity to establish linkes there
that might give them an alter
native transhipment route fox


bringing goods into and out of
the Bahamas.
The trade mission, though,
s would not be confined just to
companies in the distribution,
e agriculture, textiles and ser-
t vices sectors, Mr Simon said,
- hoping that Bahamia manu-
t facturers would also take
advantage of the opportuni-
f ties.
"We hope that all the p'er-
e sons who go over with us
1 intend to establish a presence
1 in all the markets we go into,"
a Mr Simon said. "To be benefi-
1 cial, trade cannot be mutual
exclusive, and Bahamian com-
e panics must look to duplicate
d their success here in other
- countries."
J While Haiti may appear a
- questionable place to invest
e and set up a business, due to its
e frequent political and eco-
- nomic instability, which often
e involves violence, away from
- the "hot spots" Mr Simon said
r there were numerous US and

companies from other coun-
tries doing business in Haiti.
Among those moving in
already were Digicel and Cable
& Wireless, Mr Simon said.
Observers may believe that
this should encourage the
Bahamas Telecommunications
Company (BTC) to inquire
more deeply into expansion in
Haiti, given the large Haitian-
Bahamian and immigrant pop-
ulation here, and the existing
fibre optic telecommunications
cable connecting both coun-
"It's one of those instances
where we believe people can


CariacCat La Tehniia
Exprince Rgiserd Nrs

take advantage of the 'first
mover', being on the ground
in Haiti," Mr Simon said.
"There are other businesses
from around the world that are
on the ground in Haiti doing
tremendous business, and from
a Bahamian perspective we
have to seek out areas of inter-
est and benefit to us, be they
agriculture or textiles."
The Chamber is also going
with the US Embassy and the
Bahamas Development Bank
on an exchange visit to Rhode
Island in the US, before it
returns with a business dele-
gation later this year.

3do 1007 3', 0"no
8:00p.m. I Dr Thaddcus
Liv brodctonR8 08 McDonaid

Nassau Airport
Development Company


NAD has been incorporated to manage, operate, develop and
maintain the Lynden Pindling International Airport. Our
corporate vision is to operate airports that are safe, friendly
clean, efficient and profitable, with a local sense of place.

Do you want to join our team?

The following positions are currently available:

Airside Specialist

Working with a team of Airside Specialists, you
will be responsible for overseeing the functions of
airside operations on a daily basis including
ramp operations and safety, airfield
maintenance, runway checks, FOD control,
wildlife control and providing a daily liaison for
airlines and service providers. Reporting to the
Manager, Public Safety, the Airside Specialist
Team provides coverage 24/7 for airside and
operations, so shift work is required. Minimum
High School Diploma and 3 5 years experience
in an airport, flight operations or airline
environment is required. Working knowledge of
ICAO Annex 14, Local Aviation Regulations and a
pilot's license would be a definite asset.

Accounts Receivable Supervisor
Reporting to the Controller-Finance, the
Accounts Receivable Supervisor-is responsible for
customer billing, credit and collection and
maintaining the accounts receivables ledger.
Responsibilities include but are not limited to
supervising the daily activities in the
Receivable/Billing department. A Bachelor's
Degree in Business/Administration/Finance/
Accounting and at least 3 years experience in a
supervisory position is required.

Please send your resume to:

Manager, People
Nassau Airport Development Company
P.O. Box AP-59229
Lynden Pindling International Airport
Nassau, Bahamas

Deadline for Applications is July 20th 2007
. - .. Only those applicants granted interviews will be contacted.


To the Owner of the MV Treasure Lady:

Please be advised that the vessel has been deemed
. abandoned at the Bradford Grand Bahama Facil-
ity as Receiver of the vessel as of this notice, and
without further notice the vessel will be subject to
sale by the Company as Receiver.

The Public is hereby advised that I, WALLES EMILE
of Fox Hill Road, Nassau, Bahamas, intend to change
my name to WALLACE PHILIPPE.. If there are any
objections to this change of name by Deed Poll, you
may write such objections to the Chief Passport Officer,
RO.Box N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.


Dr. H. Coleman
Bahamas Internventional Cardiology Center


Construction Project Manager

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

Warehouse Manager

5-10 years experience managing a large warehouse
Working knowledge of accounting aspect of Warehouse
Computer sawy 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 faxV242-367-2930



, -out, PAGE 7B





J.S. Johnson and Company Limited hereby noti-
fies all its shareholders that based on unaudited
results for the quarter ended 30th June, 2007 the
Board of Directors has declared an interim divi-
dend of fifteen cents (150) per ordinary share to
be paid on 16th July, 2007 to all shareholders of
record as of 9th July, 2007.

Equity Side



TAKE NOTICE that the Official Liquidator of
M.J. Select Global Ltd., in compulsory liquidation,
intends to make a distribution to. all
Shareholders/Creditors of the Company in the
aggregate amount of $4,800,504 million dollars
(namely, "18.1 in the dollar"). All persons having
a claim in the liquidation of the Company are
required to submit a proof of their claim to.the
Official Liquidator on or before the 23rd day of
July 2007. Any person failing to submit a proof
of their claim within the aforesaid time shall be
excluded from this dividend.

FURTHER TAKE NOTICE that a proof of claim
must be in the form of an Affidavit and verified
pursuant to Rule 52 of the Winding Up Rules.
The form -of Affidavit can be obtained from the
Official Liquidator by writing to him at
PricewaterhouseCoopers, Providence House,
RO. Box N-3910, Nassau, Bahamas or by email

FURTHER TAKE-NOTICE.that persons who
have completed a proof of claim form in response
to the Official Liquidator's letter of the 3rd
December 2003 shall not be required to submit
a proof of claim .to-be verified by Affidavit.
Persons that wish to confirm that they have
submitted a proof of claim do so by addressing
such request to the Official Liquidator.

Dated this 21st day of June, A.D., 2007.

St. Andrew's Court, Frederick Street Steps
Nassau, Bahamas
Attorneys for the Official Uquidator of M.J. Select Global, Ltd.


Nassau Airport
Development Company

Nassau Airport Development Company Limited

Invites Tenders for providing


In keeping with NAD's objectives, proponents:

Must be holders of a current Business License
Must demonstrate the ability to fulfill the requirements
set out in NAD's official Request for Proposal (RFP)
Must show a sound track record of quality performance
and customer satisfaction
Must show the ability to maintain the contract

RFPs may be collected from NAD's corporate office in
Terminal 1 at The Lynden Pindling International Airport
between the hours of 10:00am to 4:00pm commencing July 2nd,

Deadline for submissions of proposals is
July 20th, 2007 at 3:00pm.
Telephone: (242) 377-0209

Tribune Business Editor
The Bahamas International Securities
Exchange (BISX) is working with the
designer of its new QuickTrade Win-
dows-based trading to resolve glitches involving
the order priority in which orders were execut-
ed, something that has delayed the system's
introduction from the original June 29, 2007,
launch date.
Keith Davies, BISX's chief executive, said
the decision to delay going live with Quick-
Trade was made last week after live-data testing
exposed that orders were not being executed in
the priority required under BISX Rules.
He said in a statement: "Not until we engaged
in the final real world testing using the live data
from our market, which is designed to uncover
these types of issues, did we discover certain
small anomalies in the order priority settings
of the trading system.
"So, naturally, the decision was made to delay
the launch as it is far better to be late, rather
than irresponsible simply to meet an announced
deadline. We expect to evaluate these issues
and set a new launch date in thge future."
Mr Davies yesterday described the situation to
The Tribune as "a simple programming prob-
QuickTrade, he added, had several pro-
gramme tiers, and "the problem we identified
was on the fourth or fifth rung, so if we'd gone
live then no one would have noticed".
"Right now, we are working with the devel-
oper to make the appropriate amendments to
the system, and then will test it," Mr Davies
QuickTrade has been designed to replace the
BISX Automated Tradind System, which has


been operating since the exchange went live in
2000. It is designed to reduce the exchange's.,
overhead and costs, improve efficiency, boost."
speed and access times, and'help the migration
of government securities to BISX.
It will also enable BISX's broker/dealer mem-
bers to access historical data on listed equities
and other instruments much more rapidly.


The successful candidate should have at least 2 year's
experience in the administration of trusts and companies.
Previous experience will include the incorporation of
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.

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. 0. Box N-3924
Nassau, Bahamas


IPGR www.ipg-protector.com

Order priority

glitches delay

BISX trading

system launch

invites applications for the position of
* 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.

S 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
Sprogrammes, 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