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Permanent Link: http://ufdc.ufl.edu/UF00084249/02950
 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: 7/25/2007
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
System ID: UF00084249:02950

Full Text





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Volume: 103 No.202






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The


Tribune


#1 PAPER IN CIRCULATION



te BAHAMAS EDITI
BAHAMAS EDITION


WEDNESDAY, JULY 25, 2007







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* By RUPERT MISSICK Jr
Chief Reporter
THE Tribune, The Nassau
Guardian and The Freeport
News have formed a joint oper-
ating agreement that will com-
bine the production, printing
and distribution of the three
major dailies. This operating
agreement takes effect imme-
diately.
The agreement will have no
effect on the editorial policy of
the newspapers, but will mean
that the three entities will share
resources, costs of production,
.printing and distribution.
"Each newspaper will main-
tain their separate identities
with competitive newsrooms
and distinct editorial policies,"
said chairman and publisher


operation


Eileen Dupuch Carron.
She said that the move not
only makes business sense in a
climate of escalating costs but
will be an incentive to "explor-
ing exciting new ventures."
Mrs Carron, who has been
publisher of The Tribune since
1972 and is now chairman of
the group, welcomed the
paper's alliance with Emanuel
Alexiou and Anthony Fergu-
son of The Nassau Guardian
and Freeport News.
"On behalf of The Tribune
family we welcome them and
look forward to many years of
hard work with resulting suc-
cess," she said.
Mr Alexiou, deputy chairman
of the joint operation, said that
SEE page nine


SFlorida real BEC considers new
estate developer boiler facility to
set to be named tackle sludge oil
Ambassad Amr Tribune Staff Reporter


FLORIDA real estate devel-
oper Ned Segal is awaiting a
confirmation hearing before the
US Senate before being named
as Ambassador to the Bahamas.
Dr Brent Hardt, US Embassy
Charge d'Affaires, confirined
this on Monday.
If the hearing does not take
place before the Senate goes
SEE page nine


BEC is looking into purchasing
a new boiler facility to dispose of
sludge oil at its Clifton plant,
according to BEC general manag-
er Kevin Basden.
In May, a BEC insider claimed
the corporation's current lack of
the number of boilers needed to
dispose of sludge oil produced at
the plant is the primary cause of a
"massive" ground oil accumula-
tion problem in the area that is
reported to "seep out" of the
SEE page 12


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AN 87-YEAR-OLD woman
was brutally attacked b\ a rob-
ber in broad daylight it her
Johnson Road convenience
store.
The victimm said that her
assailant was bold enough to
befriend her and ask her to lend
him some money before waiting
to catch her alone and take
advantage of the situation.
Coriene "Mama Coe" Fergu-
son, a frail little woman, not
quite five feet tall, explained
that a man entered her store a
week before the incident acting
in a friendly manner, and asked
to borrow a dollar.
She said that she agreed and
lent him $1. The man returned
to the store on Monday, around
12.30, to buy a drink. He gave
Mama Coe a $50 bill.
The victim said that when she
reminded him that he owed her
a dollar, he told her to take the
dollar out of the change from
his $50.
She said that suddenly, the
man punched her in her face,
knocking her to the ground and
leaving her unconscious.
When Mama Coe awoke, she
found that more than $400 had
been stolen from the conve-
nience store.
The victim was left with a


SEE page nine


Maynard-Gibson: Stabbed teen


violence would break
out if PLP did not go
to election court
* By KARIN HERIG
Tribune Staff Reporter
VIOLENCE would break
out in the country if the PLP
did-not make use of its democ-
ratic right to pursue its elec-
tion court challenges, Senator
Alyson Maynard-Gibson said
yesterday.
The former Attorney Gen-
eral was responding to a state-
.ment made last week by the
president of the Bahamas
Christian Council Bishop John
Humes, in which the church
leader said that the PLP's
inability to accept the election
results is contributing to the
lawlessness in the country.
Speaking as a guest on the
More94 radio show 'Real Talk'
yesterday morning, Mrs May-
nard-Gibson said former Prime
SEE page nine


is the year's

47th murder
E By BRENT DEAN
Tribune Staff Reporter
A 16-YEAR-OLD who
flagged down a car desper-
ately seeking assistance after
being stabbed, has become
the 47th murder victim of the
year.
Ulrick Johnson Jr stopped
a vehicle at Alexandria
Boulevard, Nassau Village
around 9pm Monday in the
vicinity of the neighbourhood
basketball courts, suffering
from severe wounds.
According to police
reports, Mr Johnson was tak-
en to the hospital by the pri-
vate vehicle that he flagged
down. However, he died of
his injuries and was pro-
SEE page nine


Man 'fights for
life' after alleged
police brutality
* By TANEKA THOMPSON
AN ALLEGED victim of
police brutality is "fighting for
his life" in the'ICU ward of the
Princess Margaret Hospital, his
family told The Tribune.
Verona Bastian, a former
member of the Royal Bahamas
Police Force, told The Tribune
that her grandson Desmond
Cay, desperately needs blood
to save his life. She is begging
the public's assistance in donat-
ing blood because, she said, the
supply at Princess Margaret
Hospital has been "exhausted."
Because of the damage to his
pancreas and other organs, hos-
pital personnel have advised
Desmond's family that his situ-
ation is "very grave."
According to Ms Bastian, on
Father's Day June 17, 2007
- Desmond, a 27-year-old
father of six, was arrested on a
traffic obstruction charge. He
was subsequently taken into
police custody at the Grove
Police Station where he was


SEE page nine


* CHANDRA STURRUP

Chandra wins
Bahamas' first
medal at Pan Am
* By BRENT STUBBS
Senior Sports Reporter
RIO DE JANEIRO: Veteran
sprinter Chandra Sturrup got
to feel what it was like to be a
medalist again, winning the
bronze in the women's 100
metre finals last night at the
Joao Havelange Stadium for the
Bahamas' first medal at the XV
Pan American Games.
Before her race, the
Bahamas was already up on the
SEE page 12


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LOCAL NEWS Ir:


Gibson condemns Atlantis




over time share sales staff


* SHANE Gibson


* By ALISON LOWE
Tribune Staff Reporter
ATLANTIS has come
under fire from Golden Gates
MP Shane Gibson for alleged-
ly "bringing in foreigners to
the Harborside Resorts to sell
time shares" when many
Bahamians are qualified to do
the job.
Implying that a new immi-
gration policy would be nec-
essary to halt the flow of for-
eigners into such-jobs, Mr Gib-
son added that he has a diffi-
culty with Bahamians and for-
eigners being "held to different
standards" when it comes to
applying for the Harborside
Resort sales jobs.
"What do we say to young
Bahamians who come home
with bachelors and masters
degrees, some of whom speak
two foreign languages and are
not able to get jobs, while local
companies are bringing in for-
eigners to take jobs for which
Bahamians are equally quali-
fied?" asked Mr Gibson, who
was speaking in theHouse of
Assembly on Monday.


He alleged that when apply-
ing for a position as a timeshare
sales agent at Har.borside,
Bahamians are required to
know "verbatim" certain infor-
mation, while foreigners can
succeed with less knowledge.
He claimed that those in
charge of hiring sales agents
create job specifications which
they know Bahamians will not
be able to live up to, in order
to be able to bring foreigners
to fill the positions.
Messages left for Kerzner's
senior vice-president in charge
of public affairs, Ed Fields,
were not returned up to press
time. Mr Fields was said to be
out of office.
Mr Gibson also accused the
Ingraham administration of
failing to offer anything "new
or innovative" to address the
problem of illegal immigration.
He claimed that the govern-
ment has shown no evidence
of a new immigration policy
and "the few 'wishy washy'
points mentioned in the
Speech from the Throne as it
relates to immigration ... [are]
soft, insincere and a slap in the


face to the Bahamian public
for whom this is a grave con-
cern."
Mr Gibson said the govern-
ment's Speech from the Throne
contained nothing to "suggest
that they have any real solu-
tions or serious plans to remedy
this growing menace to our
national sovereignty."
Adding that there have been
"no major on land apprehen-
sions of illegals by this gov-
ernment", Mr Gibson said that
while the Speech had men-
tioned "redoubling" the effort
to cut down on illegal immi-
gration into the Bahamas, "no
provisions had been made in
the budget to hire the number
of immigration officers needed
to realise this effort."
FNM MPs retorted from
across the floor, saying that
there was no truth in Mr Gib-
son's claim about a lack of pro-
visions.
To this, the MP responded
that he had said that there was
"not enough" provision made
in the budget for the amount
of hiring necessary to fully
address the problem.


Ingraham accused of sacking civil servants to balance budget


* By ALISON LOWE
Tribune Staff Reporter
PRIME Minister Hubert
Ingraham is using "twisted eco-
nomics" in the form of cut backs
in the civil service to balance
the budget, according to Golden
Gates MP Shane Gibson.
"In the Speech from the
Throne, this government touted
their intention to balance the
budget and it is now becoming
perfectly clear how they intend
to do that," he said in his con-
tribution to the debate on the
Speech from the Throne on
Monday.
Mr Gibson said he had
doubts that government would
create the budget surplus they
predicted, but "now after 100


Bahamian jobs later, it appears
that they may produce a bal-
anced budget at the expense of
thousands of Bahamian jobs;
civil servant jobs that they
swore they would not touch."
Mr Gibson stated in his con-
tribution to the debate that Mr
Ingraham, whom he called, "Mr
Double Tongue" has "as is
characteristic" turned his back
on statements he made during
the election campaign when he
claimed that any suggestion he
would cut back on the civil ser-
vice was merely an attempt by
the PLP to "put fear in the peo-
ple."
He alleged that since coming
to power the government has
"used transfers to victimise both
police officers and othbr gov-


ernment employees."
The Golden Gates represen-
tative also pointed to the FNM's
promise that it would govern
"compassionately, transparent-
ly and ethically" claiming that
the government has failed to
display any evidence of such
behaviour.
He warned that if the gov-
ernment "thinks that they can
get away with balancing the
budget on the backs and at the
expense of the lives and jobs of
Bahamians, they've got another
think coming."
His statements were echoed
by several other opposition MPs
who spoke of the government's
alleged victimisationn" of those
with PLP affiliations since tak-
ing office.


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* HUBERT Ingraham was accused of 'twisted economics'


Power fully restoed to

Harbour Island and

Eleuthera, says BEC


BEC management con-
firmed yesterday that the
reduced generation capacity
on Eleuthera and Harbour
Island over the past two weeks
resulted from the failure of "a
few key components" in its
system.
In a statement issued yes-
terday, BEC said its techni-
cians acted immediately to
rectify this situation. It said
their efforts including the
acquisition of repair parts and
the repair process are pro-
gressing very well.
, "In the interim, BEC quick-
ly activated alternative mea-
sures to increase the genera-.
tion availability and delivery
to the consumers on Eleuthera
and Harbour Island," the
statement said. "As a result
of these actions, the situation
that had resulted in power
outages in both Eleuthera and
Harbour Island July 4 to 5,


2007 is now under control and
power is fully restored to all
parts of Eleuthera and Har-
bour Island."
As the repairs near comple-
tion, BEC said, it wants to
assure Eleutherans and Har-
bour Islanders that they can
look forward to even further
improvements in their service.
"Since July 5, 2007, a con-
sistent supply of electricity has
been returned to Eleuthera
and Harbour Island. Should
the remaining repair process
necessitate minor, brief
planned outages, customers
will be notified via Splash FM
and ZNS 1540 AM.
"BEC urges individual cus-
tomers who may still be expe-
riencing power interruptions
to contact them via email at:
rocksound@bahamaselectrici-
ty.com or on their Rock Sound
emergency number, 242-334-
2161," the statement said.


MAIN SECTION
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Burgos told police that he
provided nearby residents with
the two other Humvees and
directed officers to where they
were found, said Pedro Toledo,
Puerto Rico's police chief. One
was found in a garage and the
other was parked at the home
of a mechanic who works there,
Toledo said.

F IIgi d

P'I Cotro


* In brief

Neymour: BEC
had deficit of
$1.9m last
financial year
THE Bahamas Electricity
Corporation posted an overall
deficit of $1.9 million in the last
financial year, Minister of State
for Public Utilities Phenton
Neymour disclosed in the
House of Assembly.
In his contribution to the
debate on the Speech from the
Throne on Monday, Mr Ney-
mour said the deficit was due
to reduction in the electricity
rates by the previous adminis-
tration without a proper tariff
study as is prudent in the indus-
try.
As a result, he said, BEC's
revenue was reduced by $17
million in the first year alone
following the rate decrease.
"Each year since, revenues
have decreased, and revenue
losses for the past year are esti-
mated to be $20 million and
some $55 million over a three-
year period.
"Meanwhile, BEC has
absorbed higher Customs
duties, and continued increas-
es in the price of oil on.the
international market, which
were not passed on to the con-
sumer," he said.
The minister warned of fur-
ther losses at the end of this
financial year.
He said BEC must be able to
operate and carry out its man-
date, without the government
having to guarantee its finances
like Bahamasair or the Water
and Sewerage Corporation.
"Therefore, this matter is
under review and has been
flagged as the highest priority
of myself and our newly
appointed board," Mr Neymour
said. "I will commit to the
Bahamian people that correc-
tive action will be taken to
ensure that the corporation's
financial state is made healthy,
while at the same time provid-
ing quality electricity supplies
at a'reasonable cost."

Jamaican PM
steadfast
about national
election date
* JAMAICA
Kingston
SPRIME minister Portia Simp-
son Miller said Monday she will
not move up the national elec-
tions date despite increasing
tensions between the island's
two main political parties,
according to Associated Press.
The weeks leading up to the
August 27 elections have been
marred by violent incidents
involving members of the ruling
People's National Party and the
opposing Jamaica Labour Party.
Two JLP members were fatally
shot in the last two months,
while a JLP motorcade report-
edly came under fire earlier this
month. A PNP office in a rural
parish was firebombed in June.
Violence has marred
Jamaican elections in the past,
especially during the 1970s,
when hundreds of people were
killed in political conflict.

Discovery of
military
Humvees
investigated
PUERTO RICO
San Juan
US authorities in Puerto Rico
said Monday they are investi-
gating how three Humvees
apparently belonging to the US
National Guard ended up in
civilian hands, according to
Associated Press.
The first Humvee was found
Sunday near the central city of
Caguas by police who respond-
ed to a report of a domestic dis-
pute and allegedly found a man
in possession of the vehicle and
military rifles.
Local authorities charged the
suspect, Angel Ortiz Burgos,
with several counts of domes-
tic violence and weapons pos-
session.


PAGE 2, WEDNESDAY, JULY 25, 2007


THE TRIBUNE









LOCALNWI


OIn brief

Three men
in court after
huge seizure
of marijuana

THREE men charged in
connection with the recent
seizure of $700,000 worth of
marijuana were arraigned in
magistrate's court yesterday.
Marvin Jones, 38, of Blue
Hills Ridge, Omar Ferguson,
25, of Wellington Drive and
Dwayne Gomez, 26, of
Jamaica were arraigned before
Magistrate Carolita Bethel at
Court eight, Bank Lane yes-
terday on drug charges.
It is alleged that the
accused on Sunday, July 22,
were found in possession of a
quantity of marijuana which
authorities believed they
intended to supply to anoth-
er. It is further alleged that
the men imported the drugs
on the same day.
Court dockets also state
that the men conspired to
possess the drugs with the
intent to supply and con-
spired to import the drugs
with the intent to supply
,between Sunday, July 8, and
Sunday, July 22, 2007.
The men were reportedly
apprehended by the Harbour
Patrol Unit of the Royal
Bahamas Defence Force after
marines discovered the drugs
onboard a 22-foot vessel.
The men pleaded not
guilty to the charges and
were remanded to Her
Majesty's Prison. They will
return to court on July 31 for
a bail hearing.

Four arrested
after police
discover
ammunition
FOUR men have been
arrested by police for in con-
nection with the discovery of
a cache of ammunition.
The men were taken into
custody around 8pm on
Monday night at Victoria
Gardens, Bamboo.Town
after.officers of the mobile
diit observed tildividuals act-
ing suspiciously near an
abandoned vehicle.
Twenty-fivelive rounds of
.380 ammunition were recov-
ered by police, and the men
are likely to be brought
before the courts this week.

Two years
after guilty
plea to drug
charges
A JAMAICAN man has
been sentenced to two years
in prison after pleading guilty
to drug charges.
Ricardo Dwayne Williams,
26, appeared before Magis-
trate Carolita Bethel at Court
eight, Bank Lane on Monday
on charges of possession of
marijuana with the intent to
supply and conspiracy to pos-
sess with the intent to supply.
The offences were alleged-
ly committed on-Thursday,
July 19. According to the
prosecution, Williams was
found inipossession of six and
a half pounds of marijuana.


Health minister says PMH now




clear of bacteria outbreak


* By ALISON LOWE
Tribune Staff Reporter

THERE is no longer an
infectious bacteria outbreak in
the Princess Margaret Hospi-
tal's dialysis unit and there
has not been since November
of last year, according to minis-
ter of health Dr Hubert Min-
nis.
Dr Minnis also stated on
Monday that.there was "no evi-
dence to tie" the deaths of an
alleged 18 dialysis patients who
were receiving treatment at the
unit to the infection. The infec-
tion was said to have been dis-
covered in July last year.


However, in April this year,
former health minister Dr
Bernard Nottage acknowledged
that some deaths in the unit at
Princess Margaret Hospital
could have been due to the out-
break.
At that time, Dr Nottage said:
"Some people have died. Some
of those deaths may have been
due to the infection, but we are
doing a detailed case-by-case
investigation at the moment to
determine the actual cause of
death in people who died."
Dr Nottage said that a report
on the deaths in the dialysis unit
was in the hands of government
and was being evaluated by the


Public Hospitals Authority. He
said that following the comple-
tion of that evaluation, the min-
istry of health would make that
report public. This never
occurred.
When asked about the results
of that investigation yesterday,
Dr Minnis said he was
"unaware" of such a report.
Dr Minnis' statements come
around five months after Dr
Nottage was accused by Cassius
Stuart, leader of a third party,
the Bahamas Democratic
Movement, of "covering up"
the extent of the outbreak and
its consequences.
Prior to the election, Mr Stu-


art called on Dr Nottage to
"come clean" about the situa-
tion, even suggesting his reti-
cence on the alleged problem
was putting the lives of Bahami-
ans in jeopardy by not allowing
them to be fully informed of the
dangers of seeking treatment at
the Princess Margaret Hospital
unit.
At the time, Dr Nottage dis-
missed Mr Stuart's allegations
as "foolishness." However, he
admitted that the source of the
infection had not yet been
determined despite vigorous
checks as recently as March of
this year.
Yesterday, Dr Minnis said


that representatives from the
Pan American Health Organi-
sation (PAHO) had advised
the hospital on what protocols
to follow to deal with the infec-
tion.
"We have been maintaining
those protocols, we don't have
any problem. The PAHO rep-
resentative is returning this
week, I believe, as a follow up
to ensure that we have been
maintaining those and sticking
to international standards," he
said.
Dr Minnis confirmed Dr Not-
tage's previous statements indi-
cating that the source of the
outbreak was never determined.


Man is jailed for drug offence and charged with murder


N By NATARIO McKENZIE

n : A 23-YEAR-OLD man was
arraigned.in court yesterday on
a murder charge after pleading
guilty and being sentenced to
Sb three years in prison for mari-
juana possession.
Dennis Peterson, 23, of Mil-
ton Street had been wanted by
Police in connection with the
murder of Marvin Lightbourne
Sand the attempted murder of
Quincey Glinton Cartwright,
and was to stand trial for a drug
possession charge. Peterson was
captured by police on Monday.
Peterson appeared before
Magistrate Carolita Bethel at'
Court eight, Bank Lane yesterday
on the charge of possession of
marijuana with the intent to sup-
ply. He had been out on $30,000
bail in connection with the drug
matter. He was arraigned on the
charge in late January. A war-
Srant had been issued for his arrest
when he failed to appear in court
last month to answer to the drug
: charges.
Peterson, who pleaded guilty
to possession of 24 pounds of
A- I '. "marijuana on January 21, was
convicted and sentenced to
three years in jail.
Peterson was also arraigned
before Chief Magistrate Roger
Gomez in Court one Bank
0 23-YEAR-OLD Dennis Peterson leaves court yesterday after Lane on a murder and attempt-
being charged with murder ed murder charge. It is alleged
that on Monday, June 11, being
(Tim Clarke/Tribune staff) concerned with others, he


Bahamas is among countries


with high leakage of tourists


PRIME Minister Ingraham
has revealed that a review of
regional tourism destinations
listed the Bahamas among
countries with the highest leak-
age of tourism revenues.
Addressing the Bahamas
Chamber of Commerce Awards
Banquet over the weekend, Mr
Ingraham said the position of
Bahamas' competitors is erod-
ing as well.
He said one of the main rea-
sons for this situation is the fact
that the Bahamas has experi-
enced a decrease in US visitors.
"This decline in originating
traffic to the Bahamas is due in
part to the implementation of
what is called the Western


Hemisphere Transport Initia-
tive (WHTI), which requires
US citizens to be in possession
of a passport to facilitate their
re-entry into the United States.
"This initiative has especially
affected first time travellers,
group travellers, meeting or
convention travellers and fami-
lies," Mr Ingraham said.
He said the government
expects the initiative to have a
dampening effect on the coun-
try's tourism business for some
time to come.
"WHTI has created for the
Bahamas a levelling of the com-
petitive framework, meaning
that a critical advantage the
Bahamas had over the rest of


the Caribbean has now been
lost.
"The erosion of this advan-
tage, when coupled with the
introduction of low cost airlifts
provided by carriers like Jet
Blue and Spirit Airlines, makes
the wider Caribbean much
more accessible and affordable
to U S consumers," Mr Ingra-
ham said.
He said many governments
and countries are engaged in
activities geared towards mak-
ing tourism infrastructure and
experience their top priority.
The Bahamas is also chal-
lenged, according to Mr Ingra-
ham, by a string of new econom-
ic realities the mobilisation of
trade regimes, the rapid devel-
opment of new technologies, and
the proliferation of large trading
blocs which create special chal-
lenges for business.
"These realities should serve
as a wake up call," he said.


caused the death of Marvin
Lightbourne.
Lightbourne, 29, of Sunlight
Village, died of gunshot
wounds to his head. The shoot-
ing occurred in the East Street
area. Lightbourne was found
lying between a house and a
fence, some 200 feet from the
Church of God of Prophecy on
East Street.
It is also alleged that on the
same day, being concerned with
others, he attempted to cause
the death of Quincey Glinton
Cartwright. Peterson was not
required to plead to the charges.
He was remanded to Her
Majesty's Prison. The case was
assigned to Court five, Bank
Lane and adjourned to Sep-
tember 13. David Cooper Cun-


ningham, 28, and Nairo Peter-
son, 27 Dennis Petersoft's
brother have already been
arraigned on the charges.
Yesterday, 26-year-old Kenya
Ferguson of Augusta Street was
arraigned before Chief Magis-
trate Roger Gomez, charged
with harbouring a criminal. It
is alleged that between Mon-
day; June 11, and Monday, July
23, knowing that Dennis Peter-
son was wanted by police in
connection with a murder, she
aided in concealing him to avoid
lawful arrest.
Ferguson pleaded not guilty
to the charge and was granted
$3,000 bail. The case was
adjourned to July 30 and trans-
ferred to Court 11, Nassau
Street.


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WEDNESDAY, JULY 25, 2007, PAGE 3


THE TRIBUNE


/I


"M









PAGEOR 4,WENSDY JLY2,T07 HETIBN


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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


Unravelling the Senate conundrum


LAST WEEK The Tribune was told that a
great fear of the PLP was that if Mr. Malcolm
Adderley, PLP MP for Elizabeth, were to switch
sides it would destroy the PLP's chances of hav-
ing another seat in the Senate.
There are still others who think that it would
make no difference to the Senate seat whether he
remains with the PLP or crosses the floor to the
FNM's back bench.
However, it could make a difference to the
balance of power in the House if the PLP were to
win their three election court cases.
The PLP plan to take government to court to
clarify two sections of the constitution on the
appointment of senators. The two sections appear
to be contradictory.
On May 2 the general elections returned
Hubert Ingraham's FNM to the House of Assem-
bly with 23 seats, while the PLP won 18. With a
Malcolm Adderley defection this would give the
FNM 24 seats and the PLP 17.
The argument is that it depends on the ratio of
government to opposition members in the House
as to how many of the three floating senate seats
belong to the opposition. Persons are appointed
to these three seats by the governor-general, act-
ing on the advice of the prime minister after
consultation with the opposition leader.
The Constitution s.39 (2)(3) and (4) is
very clear that nine of the 16 senators are to be
appointed by the governor general on the advice
of the prime minister, while four are to be
appointed by the governor general acting on the
advice of the opposition leader. The remaining
three senators are to be appointed by the gover-
nor general acting in accordance with the advice
of the prime minister after consultation with the
opposition leader.
So far there is no confusion. Everything seems
simple and straightforward.
But then s;40 follows and appears to throw a
monkey-wrench in to upset the clarity. Says s.40:
"In the exercise of the functions conferred
upon him by Article 39(4) of the Constitution, the
purpose of the Prime Minister shall be to secure
that the political balance of the Senate reflects
that of the House of Assembly at the time."
Three senate sets were appointed. One each
represented the government and the other the
opposition. But the third? The Opposition object-
ed to government's choice of the third senator.
According to the House ratio, which, says former
prime minister Perry Christie, is to be the basis of
the decision, this third senator should come from
the ranks of the PLP. On the other hand, says
Prime Minister Hubert Ingraham, the final choice
is his.
The spirit of both of these sections seems


intended to give the final say to the prime min-
ister. But why was s.40 written in a way that
appears to contradict s.30?
Someone this weekend suggested the answer.
He said that because the British, having had a
longer parliamentary history than the Bahamas.
provided for many contingencies that had man-
ifested themselves over the centuries. The
Bahamas, yet in the constitutional cradle, was fac-
ing for the first time a crisis, already solved by the
Mother of Parliaments centuries ago. He said
he had heard that s.40 was to allow for the exis-
tence of a third party. Section 40 was to take
into consideration the future existence of a third
party and to make certain that such a party did
not get left out when senate seats were being
appointed.
He did not think that this was the answer, but
he was prepared to leave it open as a possibility.
This suggestion seemed to rekindle the dying
embers of memory. We went away to give it
some thought. Somewhere way back in the
recesses of our mind we tried to recall a conver-
sation with our uncle, the late Hon Eugene
Dupuch, QC, on this very question. Mr Dupuch
was the legal adviser to the FNM at the London
conference at which the Bahamas constitution
was drafted.
We recall him saying something to the effect
that that clause was there to protect the exis-
tence of a third party against the day when one
might break through our present two-party sys-
tem. Whether this was the complete answer, we
don't recall.
However, a search of the files around that
period might reveal some of his writings. which
. could throw some light on the subject.
Did it mean that section 39 (2)(3)(4) governed
our present two-party parliament with section
40 coming into play only if there were a third par-
ty? This is now a matter for the courts.
However, should the PLP win all of their
three election protest cases, this would give them
21 seats in the House and the FNM, 20. Howev-
er, should Mr Adderley defect to the FNM. and
the PLP win their cases, the FNM would have 21
seats this would include Mr Adderley. The
PLP, having lost Mr Adderley to the FNM,
would then slip back to 20 seats.
At the moment, Mr Adderley is the most
powerful man in the House he holds the bal-
ance of power in his hands, and the future of
both political parties. He is in the same position
as was the late Sir Randol Fawkes when the
UBP and PLP were tied 18-18 on the floor of the
House after the July 10, 1967 election. Sir Randol
joined the PLP, thus breaking the tie and giving
the government to the PLP.


PLP behaviour





in the House





of Assembly


EDITOR, The Tribune.
THE PLP exposed their col-
lective hands on Wednesday.
The behaviour displayed by the
Member of Parliament for
Golden Gates Mi Shane Gib
son was downright disgraceful.
His defiance to discontinue the
use of his laptop as otldered by
Speaker Alvin Smili. is a per-
fect example why our youth are
the way they are today.
They witnessed the lotal dis-
respect for authority displayed
live on television, by our sup-
posedly honourable men and
women in the PLP. For the sake
of re-emphasising, even Cyn-
thia "Mother" Pralt was pre-
sent. She never discouraged Mr
Gibson during this whole
ordeal. Fred Mitchell actually
was seen encou aging Mr Gib-
son not to leave the House. I he
FNM MP was stunned to see
how far the PLP plans to go.
Bahamian young men who
are easily influenced, saw a 'sup-
posed role model' show them
exactly how to ignore authority.
This is one reason why the
Bahamian youth show so little
respect for authority, They do
not respect their parents, elders,
church and certainly do not
respect the law.
It is obvious to all that the
PLP planned to disrupt the
House from the very beginning.
I was present and observed the
whole scenario played out right
before my very eyes. The only
laptop opened in the House of
Assembly was Mr Gibson's. I
would be the most naive indi-
vidual in the whole wide world
if I did not think that everyone
else either had a laptop with
them or owned one This was a
blatant. intentional and calcu
lated act.
It is patently clear to me, as a
trained political ey tlihat lthe
PLP s ove all game plan is to
continue to disrupt the pro-
ceedings whether it is the House
of Assembly or the Senate. No
Bahamian can forget how
retarded Senator Allyson Gib-
son behaved In my opinion my
yard chicken would have been
embarrassed.
On another note. but in keep-
ing with the childish PLP behav-
iour, Virginius Alfred Gray dur-
ing the protest of the use of lap-
tops by the Speaker, screamed
at the top of his voice that he
would "broke up the House of
Assembly" if D Shane Gibson
was made to leave.
This same asinine statement
by Mr Gray was seen by all
Bahamians watching the Par-
liamentary proceedings. It was


despicable to see Menbers of
Parliament that we pay. some
of whom profess to be Chris
tians, behave like a drunken
sailor.
The same people who always
preach that our youth must
learn how to deal with conflicts,
threatened to destroy the
House of Assembly because
their colleague was disobedient
to the Speaker of the House of
Assembly. This sends a very
poor message to our ilpres
sionable children.
If Shane Gibson, V Alfred
Gray and the PLP have decided
to destroy the people's Parlia-
ment and the democracy of tlie
Bahamas, then we must brace
ourselves for what is to come. It
is obvious to all that the pro-
ceedings will not go on as usual.
but will be always interrupted
by some choreographed. chaot-
ic act designed to interrupt the
proceedings.
The President of the Christ-
ian Council was right. The
PLP's inability to accept the
results of the election has/is con-
tributing to the lawlessness and
crime. It is making them crazy.
Sadly PLPs with sense are doing
nothing to stop them from their


destructive course. The PLP will
suffer because of this.
Bahamians will soon see how
law and order will be thrown
out ol the window by the PLP
just to be disi uptive, and for no
other reason. Our children too
will be able to see the differ-
ence between the PLP's behav-
iour and the FNM's behavioul.
Then they can easily determine
which party is mature enough
to continue to lead this
Bahamas.
IVOINE W
INGRAHAM
Nassau,
July, 2007.

(It would be well for this
Opposition to consider the
words of the late Eugene
Duipuch, QC, in an article he
wrote in 'The Tribine on Janu-
ary 31, 1973.
("It is the duty of the Oppo-
sition, he wrote, "to oppose -
but it is also the duty of the
Opposition not to oppose any-
thing that is good for the coun-
try."
(Today's Opposition is not
living up to its role as a loyal
Opposition. The disruptive man-
ner in which its members have
decided to oppose is doing a
great of harm by setting a shock-
ing example to already unruly
youth, Ed).


Delicate balance between

tyranny and freedom
EDITOR, The Tribune.
THE Tribune Editorial di July 18, 2'007. is a reminder of the delicate
balance between tyrannv and lTre'edom. Such was the risk at the Con-
stitutional Conference in London in 1972.
The elected PLP representatives flush with the excitement of polit-
ical control had visions ol power including those most odious of all, to
deprive Bahamians ol their individual freedom to travel where and
when as their needs required.
That the Bahamas escaped the Cuban fate of another would be dic-
tator, is due to the Queen's representative and the other Bahamians at
the Conference who did not go along with the wishes of Mr Arthur
Hanna on that memorable day.
Who among the delegation to the Conference properly appreciat-
ed the distinction between power and liberty? Socialists like Mr Arthur
Hanna and Sir Lynden Pindling were confused about the nature of a
Constitution which is that the state exists for the benefit of the people,
the individual does not exist for the benefit of the state and government
should have only as much power as necessary to secure the people's lib-
erty and property.
SWe owe much to The Tribune for keeping the record and for
reminding the country from time to time that our freedoms are not to
be taken for granted.
Lest we forget. it is recommended that The Tribune republish
annually a suitably edited version of today's editorial as a reminder that
a precious few saved the day.in 1972.
That too is part of Bahamian history.
The Nassau Institute
Nassau,
July 18, 2007


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Tribute to Dr. Anthony Regis
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The UWI Clinical Programme and the wider UWI
Faculties of Medicine in Barbados, Jamaica and
Trinidad and Tobago share in the loss of Dr. Anthony
Regis, a dedicated and beloved teacher, colleague,
and friend. Our profound sympathy goes to his wife
Dr. Merceline Dahl-Regis, his children, grandchil-
dren, relatives and friends.

May his soul rest in ieace.

Professor Howard W. Spencer
Director, University Coordinator


PAGE 4, WEDNESDAY, JULY 25, 2007


THE TRIBUNE








THE TIBUN WEDNSDAY JULY25,C007,NAGES


oIn brief

Man arrested
after pistol and
ammunition
are found


US deportation law condemned



as cruel by human rights group


A 21-year-old man of Mil-
ton Street is in police custody
in connection with the dis-
covery of a .380 pistol and
several live rounds of ammu-
nition.
Just after 9am on Monday,
according to police reports,
a man was on a motorcycle in
the area of Hay and Robin-
son Streets acting suspicious-
ly, and when approached by
officers, he swallowed a sub-
stance and fled.
The man crashed his bike
in the area of the Mall at
Marathon, police say.
A suspect was captured in
connection with the incident
with the assistance of civilians.
Charges are expected to be
filed in connection with the
matter by the end of the
week, police say.

Severe head
wounds leave
man in
hospital
A MAN is in hospital in
serious condition after receiv-
ing severe head wounds.
The incident occurred in
the' Marshall Road area.
When the victim was discov-
ered, according to police
reports, he was unconscious.
Police have a 50-yea-old
man in custody in connection
with the matter and the
investigation continues.

Regular winter
visitor to the
Bahamas.
passes away
LONG time visitor Dale
Fosdick of Ann Arbour, Michi-
gan died on Friday, July 20.
Mr Fosdick, who was a reg-
ular winter resident in the
Bahamas for more than 30
years, stayed in the Carefree
apartment complex on Cable
Beach.

Guyana seeks
revision of US
deportation
process
* GUYANA
Georgetown
GUYANA officials Mon-
day urged islanders living in
the US to write their legisla-
tors and ask that they partic
ipate in upcoming hearings
regarding deportations of
Caribbean citizens, according
to Associated Press.
The hearings, which start
Tuesday and are held by the
sub-committee for Western
Hemispheric Affairs, resulted
from a late June meeting
between President Bush and
Caribbean leaders. Guyana's
US ambassador, Bayney Kar-
ran, said US deportation poli-
cies have led to a jump in
crime across the Caribbean,
with deportees arriving to
islands with few resources.
The US has deported near-
ly 30,000 nationals of the
Caribbean Community trade
bloc in the last 15 years.

Marc Anthony
and J-Lo arrive
for premiere
in San Juan
* PUERTO RICO
San Juan
MARC Anthony and Jen-
nifer Lopez arrived in Puerto
Rico Monday to attend the
opening of El Cantante, a film
biography of salsa pioneer
Hector Lavoe, according to
Associated Press.
The husband-and-wife
team were co-stars in the
biopic: Anthony starred as
the famed but troubled Puer-
to Rican singer and Lopez
played the singer's long-suf-
fering wife, Puchi. The cou-
ple, whose families are from
Puerto Rico, arrived on a pri-
vate jet from New York.
Lavoe, who was born Hec-
tor Juan Perez Martinez,
launched his solo career in
1975 after gaining interna-
tional fame as the singer of
Willie Colon's orchestra.


TROPICA

EXEM INAOR


* By ALISON LOWE
Tribune Staff Reporter
The law that allows the US
to routinely deport non-citizen
migrants who have committed
crimes in that country has been
denounced as "cruel" by the
advocacy group Human Rights
Watch.
This comes only weeks after
Foreign Affairs Minister Brent
Symonette said the law was a
significant topic of discussion
amongst concerned CARICOM
leaders, including those from
the Bahamas, at a recent con-
'ference in Barbados.
The human rights organisa-
tion is now lobbying Congress
to have the law which allows
for the mandatory deportation
of immigrants convicted of a
crime struck down, according
to BBC Caribbean.
CARICOM countries such as
the Bahamas have already
made representation to the US
- most recently at a June meet-


HEALTH experts from vari-
ous government and non-gov-
ernment agencies began meet-
ing on Monday to develop a
draft national contingency plan
for the strain of bird flu that
affects humans.
The meeting took the form
of a national influenza pan-
demic preparedness planning
(NIPPP) workshop and simu-
lation exercise, which is being
conducted over a three-day
period at the Royal Bahamas
Police Force Conference Centre
on East Street.
The objective of the exercise
is to ensure that the Bahamas is
prepared to recognize and man-
age avian influenza or an
influenza pandemic and thereby
reduce the health, social and
economic consequences.
Minister of Health and Social
Development Dr Hubert Min-
nis said that while a influenza
pandemic has not yet occurred
anywhere in the world, each
additional human case gives the
virus the opportunity to
improve its transmissibility in
humans and thus develop into a
pandemic strain.
Dr Minnis said research by
the World Health Organisation
(WHO) states that the risk of
pandemic influenza is "serious".
He said that with the H5N1
strain of the virus now "firmly
entrenched" in large parts of
Asia, the risk that more human
cases will occur persists.
The minister noted that in
August 2005, WHO recom-
mended that Arategic action be
undertaken by countries in
response to the avian influen-
za pandemic threat.
"One of the key recommend-
ed actions was the strengthening
of national preparedness to
reduce societal disruption and
morbidity and mortality associ-
ated with a pandemic," Dr Min-
nis said.
"Realising that a successful
response to a pandemic threat
requires active participation
from many stakeholders, both
public and private, the ministry
has undertaken extensive con-
sultation and collaboration in
preparation of developing a
national plan," he added.
Lynda Campbell of the Pan
American Health Organisation
(PAHO) and WHO represen-
tative for the Bahamas and
Turks and Caicos Islands, com-
mended the Ministry of Health
for recognizing the importance
of planning for the likelihood
of such a development.
Ms Campbell said preparing a
national plan for an influenza
pandemic, or any similar event
is "no easy task; is quite com-
plex and is an ongoing task."
"Clearly the archipelagic
nature of the Bahamas and the
reliance on goods produced out-
side of the country are only two
factors that could be challenging
in an event such as an influenza
pandemic here," Ms Campbell
said.
"In her comments earlier this
week, the director-general of
WHO noted that a prepared-
ness plan should not just be a
health plan, but needs to
involve other sectors such as
transportation, communication
and education among others,"


Organisation lobbies Congress to outlaw legislation

allowing expulsion of immigrants who commit crimes


ing in Washington between
Caribbean leaders and U S offi-
cials, including President
George Bush calling for the
US to end the deportation of
non-citizen criminals back to
their country of origin. Their
efforts, it was reported, were
not successful.
This has caused the countries
to now focus their efforts more
on the question of whether the
U S will provide "resettlement"
funds to countries to which they
deport criminals.
Human Rights Watch claims
that 670,000 non-citizen immi-
grants have been deported since
the law came into effect in 1997.
According to some commen-


tators, the arrival of such dis-
placed persons has contributed
to crime in Caribbean countries
as in some instances the crimi-
nals bring with them new crim-
inal knowledge and contacts. It
also costs Caribbean countries
as they have to, in some cases,
ensure that these persons are
"resettled."
A significant percentage of
those deported have lived in the
US for a long period of time
and have little familial or other
connections to the Bahamas,
Mr Symonette has noted.
Human Rights Watch is con-
cerned that an alleged 1.6 mil-
lion children and spouses in the
US have been separated from


their family members who have
been forced to leave the country
under the tightened 1996 immi-
gration law.

Families

According to the group, the
separations have inflicted suf-
fering on many families who
have been forced to sell homes,
or who may have lost jobs and
been thrown into "financial tur-
moil."
Alison Parker, a senior
researcher for Human Rights
Watch in Washington, has sug-
gested that the convicts be giv-
en a hearing "so that they can'


remain in the US if their con-
nections to the country are
strong".
Many of those deported have
paid taxes in the U S for years,
own businesses and have even
served in the US military, she
pointed out.
Alongside these reasons for
allowing them to remain, the
official notes that of the thou-
sands deported, 65 per cent
have committed only minor,
non-violent crimes.
Commentators also note that
some of the deportees have very
little or no connection to the
countries where they were born
- having left for the US when
they were very young.


".4.
'; F*i; "' . *' iy:"
!: ^ ? : -< ,~- .-
] : ':: .


* MINISTER of Health and Social Development Dr Hubert
Minnis speaks at the opening of the workshop



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* PARTICIPANTS attend the Ministry of Health and Social
Development and the Pan American Health Organization
(PAHO) National Influenza Pandemic Preparedness Planning
workshop on Monday at the Royal Bahamas Police Force Con-
ference Centre.
(Photos: BIS/Tim Aylen)


she added.
Ms Campbell said national
plans such as the NIPPP pro-
vide a framework that can guide
each sector and each institution
in developing more detailed
plans, while allowing for their
input,to ensure that all "rele-
vant" issues are addressed.
"How will an influenza pan-
demic, with possibly up to 40
per cent absenteeism for up to
six weeks affect the education
sector, private businesses, bank-
ing services, public and private


hospitals and clinics, inter-island
transport, international trans-
port of goods into the country
and the operations of correc-
tional facilities such as prisons?"
she asked.
"Some of these are issues that
are clearly beyond the scope of
the health sector and the par-
ticipation of agencies such as
NEMA (the National Emer-
gency Management Agency) as
well as key sectors, is critical to
ensuring that the national plan
is relevant," she said.


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Health officials develop


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WEDNESDAY, JULY 25, 2007, PAGE 5


THE TRIBUNE


Ki1








P WA2 NE7
Sm111L


Senator claims PLP blaming everyone



but themselves for election defeat


a By DENISE MAYCOCK
Tribune Freeport
Reporter
SENATOR Rev Frederick
McAlpine accused the PLP of
(ceking to keep Bahamians
divided by its refusal to accept
tie outcome of the May 2 elec-
lion.
Speaking in the Senate on
Monday during his contribu-
lion to the national debate on
the Speech from the Throne,
Rev McAlpine said the PLP
continuess to blame everyone
but themselves for their defeat.
"Never in the history of lead-
Crship have we experienced
iuch bitterness displayed by
those who have been compact-
ed at the polls, of which they
were in charge of.
"They called the election;
they changed the boundaries;
(hey had the date, they had the
machinery.
And might I add, they had
the endorsement of many bish-
.ops and churches.
"Yet, they continue to blame
everybodyy for their defeat
,xcept themselves. And now
that it is over, and this present
governmentt has rightfully
i('ceived the spoils, they con-
i nue to seek to keep us divided
as a people and nation by con-
slantly agitating pockets of our
s-ociety and the archipelago into


believing that an election was
stolen from them who were in
charge of the entire process,"
he said.
In the election, the FNM
won 23 seats to the PLP's 18.
The PLP is contesting the elec-
tion results of three seats won
by the FNM Pinewood and
Baillou Hills in New Provi-
dence and Marco City in
Grand Bahama.

Court
Petitions have been filed for
the matters to be heard in the
election court. Former Marco
City MP Pleasant Bridgewater
is claiming almost 200 persons
voted illegally in that con-
stituency, where she lost by a
mere 47 votes to the FNM.s
candidate Zhivargo Laing.
Up until 2002, the senator
said, the results of elections
were generally accepted by the
members and leadership of
political organizations.
He noted that even when the
Free National Movement ques-
tioned the validity of the 1987
elections, the general consensus
was that the FNM accepted its
defeat, even though there were
some ambiguous concerns
regarding the process.
"Regardless what tni out-
come was, most leaders, be
they premier or prime minis-


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ter, accepted the outcome as
the will of God and His peo-
ple. Whether it was Sir Roland
defeating Sir Lynden, Sir Lyn-
den defeating Sir Roland; Sir
Kendal or Sir Cecil being
defeated by Sir Lynden; Sir
Lynden being defeated by the
right honourable Hubert Ingra-
ham, or the FNM being defeat-
ed by the right honourable Per-
ry Gladstone Christie, every-
one took their licks when
defeated and were magnani-
mous despite their defeat.
"The game is over. The ral-
lies are done at least for us it
is. And now that they've lost,
instead of remaining hon-


ourable men and women in
their defeat, they're acting like
spoiled children who lost the
game and want their marbles
back after they've been beat-
en," said Rev McAlpine.
The senator also said that
many members of the clergy
have been calling for political
leaders, including Prime Min-
ister Ingraham, to lead the pub-
lic in a drive for peace and
national unification.
The opposition, he said,
insists on being defiant, ignor-
ing the call of the president of
the Bahamas Christian Council
and other members of the cler-
gy.


"The former government
boasted about being a govern-
ment and a political organisa-
tion that listens and embraces
the leadership and congrega-
tion of the church.
"Since their defeat, it now
appears that the organisation
is divorcing themselves from
the voices of God in our nation.
Or is it that the voices are not
speaking what they want to
hear?"
Senator McAlpine said the
country cannot unite if one side
continues to persuade those
who they lead to defy or resist
those who govern.


Inaguans show




off their creativity


MATTHEW TOWN Fine souvenirs created
exclusively from material found in Inagua were
showcased for a group of specialty tour operators
and birders from the United States brought over by
the Ministry of Tourism.
Bowls of colourful Inagua sea shells, broaches,
earrings, elaborately decorated dress bags with
matching hats, paintings, figurines, were but a taste
of what Inaguans had to offer.
Held at the downtown Erickson's Public Library
and Museum, many presenters were graduates of
the recent Bahamas Agricultural and Industrial
Corporation (BAIC) nation-wide arts and craft
course.
Its success was hailed as heralding an awakening
of the creative spirit in Inaguans as demand grew
from tourists and markets opened nationwide.
"The products are of a very high quality," said
Janice McKinney of Albert Street, Matthew Town,
the Ministry of Tourism's co-ordinator on the
island. "They are very beautiful.
"Our guests commented on how creative the
items were. They said they were unique in that
they did not see that kind of artistic expression
anywhere else.
"Since the BAIC graduation, we have had arti-
sans who have been dedicated and devoted to per-
fecting their means of expression.
"And, those who were working hard were able to
sell all their wares. They found markets outside
Inagua like the nearby Turks and Caicos Islands,
New Providence, and Grand Bahama."
Mrs McKinney is also BAIC's director for
Inagua, Mayaguana, Acklins, Crooked Island and
Long Cay (the MICAL constituency).
During this July 13 to 16 weekend, Inaguans
hosted a group of specialty tour operators and
birders from the United States as the Ministry of
Tourism lays the ground work for turning the spot-
light on Inagua.
In conjunction with the Bahamas National Trust,
the Inter-American Development Bank (IDB) -
which provided funding and residents of Inagua,
the ministry is looking at ways in which the econo-
my of Inagua can grow through tourism.
Two key objectives are to.reduce outward migra-
tion through the creation of economic alternatives
for local residents, and to raise awareness levels and
stimulate visitor interest in Inagua.
"We all thoroughly enjoyed coming to Inagua,"
said Bob Schutsky, a specialty tour operator from
Bird Treks, Peach Bottom, Pennsylvania. "We
have only good things to say about the island when
we return. The birding is good, the accommodations
are superb, and the people are very friendly."
Other tour operators were Lori Gross of Creative
Education, Annapolis, MD; Heather Buiwit of the
Massachusetts Audubon Society, and Andrew Gris-
wold of the Connecticut Audubon EcoTravel,
Essex, CT.
An eye catcher at the exhibition was a four-inch
wide orange and silver pearl clamshell submitted by
sports fishing expert Colin Ingraham.
Patrons marvelled at Sherrie Clifford's oil paint-
ings of popular Inagua scenes and her use of mul-
ti-coloured raffia to immortalise the rare West
Indian Flamingo and the rarer still Bahama Parrot.


CANNOT W E L C '
EVENING -


* DRESS bags were a feature of the exhibition.
(BIS photo by Patrick Hanna)
Both birds make their home in Inagua.
But it was master stylist Christina Major.who
sent patrons palate into a tizzy with her assort-
ment of mouth-watering peanut cakes, coconut
cakes, milk cakes, fudges, candies.
"Tourists tell us when they come to Inagua they
want to carry back a piece of Inagua," said Ethalyn
Cartwright, whose specialty is ladies accessories.
"We oblige them with souvenirs they cannot find
anywhere else."
She works with silver top palm and coconut
leather using a variety of Bahamian weaves -
Jacob's ladder, fish pot, sour sop, peas an' rice and
Inagua's specialty, shark's teeth decorated with
raffia and multi-coloured bubble shells.


lO -. *
J JANICE McKinney. ihe
Ministnrl oI Tourism's co-ordi-
nator in Inagua, shows oft the
orange and silver pearl
clamshell.
(BIS photo by Patrick Hanna)


0 In brief

Sand barge
crew member
found dead
A 39-year-old crew mem-
ber on the sand barge, "Big
Ben", docked at Snake Cay,
Abaco, was found dead in the
bottom of the ship's hull yes-
terday morning. Chief Super-
intendent Basil Rahming said
that about 10am yesterday
Marsh Harbour police were
informed of the death.
A team of uniformed and
plainclothes officers went
immediately to the location,
where they boarded the barge
and saw the body of the ves-
sel's first mate, Licario Suazo
Alvarez, 39, of Honduras, sit-
ting in a slumped position at
the bottom of the hull.
According to the barge's
captain, Glen Bodden, 37,
also of Honduras,
Alvarez had just finished
eating breakfast with four
other crew members when
shortly afterwards he was
found in that position on the
Shull.
The officers examined the
body and found no visible
injuries. Rigor mortis had not
yet set in, which indicated that
the deceased had died shortly
before the officers arrived,
said Chief Supt Rahming.
The body was taken to the
Clinic at Marsh Harbour,
where it was officiallypro-
nounced dead. It has since
been flown to New Provi-
dence, where an autopsy will
be performed to determine
the exact cause of death.
Police do not suspect foul
play at this time.
The "Big Ben" plies fre-
quently between Grand
Bahama and Abaco, trans-
porting sand.

Dominican govt
criticized for
Cabinet salary
increases

E DOMINICA
Roseau
DOMINICA'S oppo-
sition on Monday criti-
cised a, government pro-
posal to raise Cabinet
ministers' salaries by
nearly 50 per cent, say-
ing the resources should
go toward reducing
poverty on the
Caribbean island,
according to Associated
Press.
The proposed increas-
es, included in a budget
submitted last week,
would boost Prime Min-
ister Roosevelt Skerrit's
monthly pay to $3,500 if
approved by Parlia-
ment.
Opposition leader
Earl Williams said the
raises are not justified
while many of the
island's 73,000 people
struggle with low-pay-
ing agriculture jobs.
"We believe in the
interest of fair compen-
sation not only for min-
isters of government
but the many workers
of this country whose
low wages continue
to breed poverty," he
said.
The government also
proposed reducing the
income tax by two per
cent, but Williams pro-
posed cutting it by five
per cent and doing away
with a 15 per cent val-
ue-added levy imposed
last year.


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- PAGE 6, WEDNESDAY, JULY 25, 2007


THE TRIBUNE









THE TINWDEA UY520


SIn brief

Hugo Chavez
says critical
foreigners to
be expelled
* VENEZUELA
Caracas
PRESIDENT Hugo
Chavez said foreigners who
publicly criticise him or his
government while visiting
Venezuela will be expelled
from the country, according
to Associated Press. -
Chavez ordered officials to
closely monitor statements
made by international figures
during their visits to
Venezuela and deport any
outspoken critics.
"How long are we going to
allow a person from any
country in the world to come
to our own house to say
there's a dictatorship here, that
the president is a tyrant, and
nobody does anything about
it?" asked Chavez, speaking
during his weekly Sunday tele-
vision and radio programme.
"No foreigner, whoever he
may be, can come here and
attack us. Whoever comes,
we must remove him from
the country," he said. "I'm
talking about some gentle-
men who come here for con-
ferences."
The Venezuelan leader did
not elaborate but his state-
ments came after Manuel
Espino, the president of Mex-
ico's conservative ruling par-
ty, criticised Chavez for seek-
ing indefinite rule during a
recent pro-democracy forum
in Caracas.
Government opponents
argue Chavez a close ally
of Cuban leader Fidel Cas-
tro is becoming increasing-
ly authoritarian and cracking
down on dissent as he steers
oil-rich Venezuela toward
what he calls "21st-century
socialism."
Chavez rejects such allega-
tions, countering that demo-
cratic freedoms have been
extended since he was first
elected in 1998. The former
paratroop commander says
his government has empow-
ered the poor by giving them
increased decision-making
authority in p6ol6ics.


Bahamas 'faces c


maintain standard of living


MINISTER of State for
Finance Zhivargo Laing said
that major challenges must be
met if Bahamians are ton con-
tinue enjoying a standard of liv-
ing in line with more developed
countries.
Addressing business leaders
at the Bahamas Chamber of
Commerce's "Meet the Minis-
ter" forum, Mr Laing called for
the economic empowerment of
more Bahamians.
He said this would requires
the creation of income-earning
opportunities for thousands of
unemployed Bahamians and
more profitable business oppor-
tunities for existing businesses.
Economic empowerment, the
minister said, also meant finding
business opportunities for entre-
preneurs.
He said there is also the chal-
lenge of what is called "global
integration management".
"For decades The Bahamas
has benefited from its partici-
pation in the world community
without any real formal inte-
gration into the international


trading system. But the world
is now saying that life can no
longer be unilateral, it has to
be reciprocal, and they are now
asking us to become fish or fowl
when it comes to the interna-
tional trading system," Mr
Laing said.
As a result, he said, there has
been all kinds of "alphabets"
added to the Bahamian vocab-
ulary, including the FTAA
(Free Trade Area of the Amer-
icas Agreement) and the CSME
(Caribbean Single Market and
Economy).
Mr Laing said these are all
part and parcel of the require-
ment or the demands being
placed on the country by the
international community.
He said the Bahamas has per-
haps the "hottest and most valu-
able commodity" to be found
on the globe today.
"That commodity is lifestyle.
When you take the environ-
ment, servility and stability
combined, we have one of the
finest qualities of life to be
offered. But we stand the risk, if


* MINISTER of State for Finance Zhivargo Laing talks about
the challenges to the standard of living in the Bahamas at the
first ever Minister's Forum at the Chamber of Commerce Week
Thursday, July 19, 2007.


we do not manage our eco-
nomic development going for-
ward, of damaging that lifestyle,
which is that asset we have.
Consequently, sustainability has


(BIS photo: Patrick Hanna)

to be a part of our planning
going forward," Mr Laing said.
He said sustainability is the
third challenge to keeping the
country's development ongo-


ing.
Mr Laing said fiscal prudence
is the final challenge facing The
Bahamas.
"Government spending and
revenue policy should be man-
aged so the productive sector is
protected in terms of its assets,
access to credit, or from the cre-
ation of too harsh a burden on
future generations, to service
our consumption of things
today, at the expense of those
children tomorrow," he said.
Mr Laing noted that while 20
per cent of the income generat-
ed in the country is created by
the public sector, 80 per cent is
created by the private sector.
So the vast majority of the
resources in the country rest
with or comes from the private
sector, he said.
Minister Laing said dialogue
then between the two sectors is
extremely important to keep
The Bahamas at a level if it
wants to continue being the
third highest per capital coun-
try in the Americas.


Man is jailed for T


two years after


admitting forgery


FREEPORT A well-known
Haitian-Bahamian man was
sentenced on Monday to two
years in prison after pleading
guilty to five counts of possess-
'ing and uttering forged docu-
ments.
Malario Sarrette, also known
as Solomon Noe and Dr Noe, a
39-year-old resident of Bentley
Drive, Bahama Terrace,
appeared before Deputy Chief
Magistrate Helen Jones.
He was represented by Attor-
ney Brian Hanna.
. Sarreite. a Haitian-Bahami-
an cndertt promoter and entre-
preneur, pleaded guillt to five


counts of possession of a forged
Insurance Management certifi-
cate of motor insurance, know-
ing it not to be genuine.
He was further charged with
uttering these documents
between February 15 and July
19, 2007.
Magistrate Jones accepted his
guilty pleas and convicted him
on all counts.
Sarrette was sentenced to two
years imprisonment on the first
three counts, and bound over to
keep the peace for three years
on the remaining two counts, or
in default, sentenced to an addi-
tional year imprisonment.


TEN beautiful and
poised little girls took to
the stage at the Holy
Trinity Activity Centre
on Saturday July 14 and
impressed the judges with
their array of talents.
At the end of the
evening three contestants
were chosen by the judges
as the overall winners.
Each winner received a
cash prize and will take
advantage of scholarships
to three of the country's
top dance and three music
schools for a year. They
also received David
Yurman jewellery from
John Bull, a trip to
Eleuthera on Bahamas
Fast Ferries, gift items
from Girls Will Be Girls,
and numerous other prizes.


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I


WEDNESDAY, JULY 25, 2007, PAGE 7


THE TRIBUNE


* .4t
.i ? -.







PAGE 8, WEDNESDAY, JULY 25, 2007


THE TRIBUNE


History and future of the straw market


comment was written to a loca
newspaper in 1880. and we are sti
making the same complaint
today
"Anyone walking down Ba
Street may count dozens of lew
characters of both sexes lurkin
especially in the vicinity of Vendu
House using most obscene lan
guage... while perchance may b
seen a policeman listlessly walk
ing by, apparently\ heedless of wha
is happening."
Vendue House now th
Pompey Museum was already
century old when that letter wa
written. It had been built on th


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INTERNATIONAL
STREHL PLAZA
(2 BUILDINGS WEST OF ROBIN HOOD)
TONIQUE WILLIAMS HIGHWAY,
NASSAU NEW PROVIDENCE
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"The daily passage of market
women up and down Market
Street, utlder the stone arch named
after Governor Gregory, complet-
ed in 1852, was one of the.pic-
muresqiue Nias un sights. Sonie ven-
dors walked great distances, their
goods expertly balanced in flat
wooden trays on their heads." -
Islanders in the Stream hy Gail
Saunders & Michuel Craton.

T seems that the more things
chiangr in Nassau. the more
lhec stax the same. Tle following


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site of an earlier market (at the
it junction of George and Bay
Streets) to process the arrival of
e enslaved Africans.
a Soon after, another market was
is set up on the waterfront further
e east. This is the site which is now
200 years later -just a big hole
in the ground. And it was those
same enslaved Africans who gave
rise to the straw vendors who once
occupied that market, by adapt-
ing basketware traditions brought
from their home cultures.
When Vendue House became
a telephone exchange in 1916. the
adjacent Market House became
the principal trading place for fruit
and vegetables, meat, fish and
sponges But over time, the gov-
crnmnent moved most of the mar-
ket functions out of the city. Fish,
fruit and vegetable vendors ended
up mostly at Potter's Cay, and
what remained on Bay Street was
the tourist-centred straw and craft
S market

T he straw industry as we
Know it today got its start
in the 1920s, when the Prince
George Wharf was built. A group
of enterprising Fox Hill ladies
began taking their sisal goods to
Rawson Square to sell to ship pas-
sengers. They were soon followed
by fruit and vegetable vendors who
began selling straw work on the
Market Range.
Albertha Brown (who died in
1967 at the age of 83) was appar-
ently the first to set up a straw stall
more or less where the market site
is today. That was in 1936, and
over the next few decades the
straw trade grew along with
tourism.
According to historians Gail
Saunders and Michael Craton,
"Women and children throughout
the islands processed the palmetto
straw and sisal fibre and wove the
plait to send to Nassau. There,
popular items were almost mass
produced in workshops over the
hill for sale at specialised stalls that
outnumbered those selling fruits
and vegetables.
Back in the day, Bahamian
straw and sisal work was exported'


to other Caribbean islands. But
eventually local demand exceeded
supply, and the flow of raw mate-
rial and finished items was
reversed. At first, most imports
were from nearby Haiti and the
Dominican Republic. Later they
came from as far away as the
Philippines and China some-
thing which has become a hot-but-
ton issue today.
During the political turmoil of
the 1950s, the growing number of
straw vendors became a popular
cause, competing as they did with
the powerful Bay Street merchants
for tourist dollars in the heart of
the city. There were frequent com-
plaints about the poor conditions
in which these enterprising women
had to work.

By the next decade the
straw market had
become a genuine political foot-
ball. In 1963 the 62-year-old Mar-
ket House was condemned and
there was talk of a new market on
the Adderley property (where the
Churchill Building stands today).
Although that never panned out,
the government did build an open-
air arcade for straw vendors in
Rawson Square.
When the Progressive Liberal
Party came to power in 1967 there
were about 700 straw vendors, and
their motley collection of stalls had
become an attraction, sometimes
described as "the gateway to the
city". There was renewed talk
about building a market specifi-
cally for them, which then PLP
minister Arthur Foulkes said the
previous United Bahamian Party
government had been reluctant to
do out of envy: "It is our respon-
sibility to correct this mistake."
But again, nothing happened,
despite the fact that a parliamen-
tary resolution was passed calling
for money to "construct suitable
accommodation for the straw ven-
dors."' Understandably, there were
other priorities for the new gov-
ernment, and the situation
remained undecided until 1974,
when the old marketplace burned
to the ground.
The government's immediate
response was to move the market
to Fort Charlotte, but the vendors
by now organised as a trade
association protested vehe-
mently and the politicians gave
way, providing open-air stalls on
the now-cleared Market Range
site instead. There followed a six-
year hiatus while the government
mulled over what to do with this
prime waterfront property.
Along with rumours of behind
the scenes dealing by political


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cronies to gain access to the site,
those years saw running battles
with the vendors who tried to set
up makeshift sidewalk stalls all
along Bay Street. Eventually, it
was announced that a new four-
storey Market Plaza would be built
to house over 500 vendors, as well
as the Ministry of Tourism.

For construction to begin,
fruit and vegetable ven-
dors were moved inland to Jumbey
Village, at Big Pond. But efforts to
relocate the straw vendors to the
Customs shed on the Prince
George Wharf met with fierce
resistance: "It's not fit for dogs,"
one vendor said of the Customs
shed, although they eventually
complied.
But construction never began,
leading the vendors to complain
that government had shelved the
plans: "In their high and lofty posi-
tion they have forgotten that we
are citizens with the right to par-
ticipate in any decision-making
process," they asserted at the time.
In fact, it was not until May 1980



Is the investment
of $23 million in
public funds to
provide market
stalls for 600
vendors justified
in the face of other
pressing needs -
like schools and
hospitals?



- with an election approaching
- that work finally began on the
new $6 million Market Plaza. And
vendors were not able to occupy
the plaza until January of 1983 -
almost a decade after the old mar-
ket had burned down.
The opening of the new Mar-
ket Plaza was accompanied by
huge controversies over access to
the limited number of stalls, as
well as heavy flooding whenever it
rained. But straw vendor chief
Telator Strachan criticised the
newspapers for using these prob-
lems to gain political mileage by
attacking the PLP government.
Even back in the 1980s there
were charges that most of the
straw work sold at the new market
was imported from foreign pro-
ducers in Panama, Jamaica and
Asia. In 1983 a Ministry of
Tourism study found that tourists
spent $51 million on straw goods,
but 85 per cent was imported.
Fast forward to 2001. when a
looneytune peanut seller named
Gardiner walked into the straw


One Montague Place I Level 2 [ East Bay Street ) P.O. Box N-1081 [ Nassau, The Bahamas
T 242.393.8002 F 242.393.8003 I info@providenceTG.com I www.providenceTG.com

NETWORKING SOLUTIONS I PRODUCTIVITY SOLUTIONS I CONSULTING SOLUTIONS


market and struck a match, putting
hundreds of vendors and tourism
personnel out of work and almost
burning down Bay Street itself.
The event was termed a
"national disaster", and-officials
scrambled to make good. Within
months they were envisioning a
state-of-the-art complex that
would help to transform the down-
town waterfront. A design com-
petition was launched with much
fanfare, and rebuilding was set to
begin in 2003.
By that time the unfortunate
arsonist had progressed through
our molasses-like court system to
begin a 12-year jail term, and the
Ministry of Tourism had acquired
posh new offices at a cost of more
than $4 million.

But even now six years
after the fire the straw
market remains a vacant lot in the
heart of the city, just a stone's
throw from the cruise port, with
vendors still working beneath a
makeshift tent. The new Free
National Movement government
recently cancelled a $23 million
contract (signed by the Christie
administration just three months
before the May election) because
it could not justify the expendi-
ture in the face of other national
priorities.
According to the PLP, the con-
tract was "the largest investment
ever in any single government
building". Meanwhile, FNM offi-
cials have also proposed moving
the straw market to Fort Charlotte
or the Prince George Wharf -
proposals which the vendors have
predictably vetoed.
Several questions arise from this
potted history:
Why did it take five years or
more for the PLP to rebuild the
market twice in the past three
decades?
Is the investment of $23 million
in public funds to provide market
stalls for 600 vendors justified in
the face of other pressing needs
like schools and hospitals?
Is it appropriate to invest public
funds in one of the few native
expressions of our culture, some-
thing that has been an attraction
for well over half a century?
Should the Bahamian taxpayer
subsidize vendors who pay no rent
or business licenses and who often
subcontract their stalls to illegal
immigrants?
Should we let vendors stand on
the sidelines vetoing every sug-
gestion and waiting for a handout?
Do vendors have any responsi-
bility for their own livelihood?
Should we subsidise the sale of
imported souvenirs and fake
brand-name goods?
And finally, why do we keep
discussing the same issues year
after year, decade after decade,
with no resolution?
What do you think? Send com-
ments to larry@tribunemedia.net.
Or visit www.bahamapundit.com


i;


"-'7~tll*lllCZb
;--~.r;-r ]


'-Y


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THE TIBUN WEDNSDAY JULY25,C007,NAGES


Maynard-Gibson

FROM page one

Minister Perry Christie never
requested the endorsement of
his party by the Bahamas
( hristian Council.
Senator Maynard-Gibson
conceded that she does not
know what Mr Christie's pri-
vate expectations toward the
church were. but added that
he would have been shocked
if the Bahamas Christian
Council had come out and
endorsed the PLP leading up
to the last general election.
:Bahamians expect the
Christian Council to be neu-
tral," she said.
Bishop Humes, who
appeared as a guest speaker
on the Gems 105.9 radio show
"The Way Forward" last
week said that the PLP's elec-
tion court challenges has exac-
erbated the polarisation of the
country following the May 2
election.
He said that if the PLP won
their challenges for the con-
stituencies of Marco City,
Pinewood and Blue Hills,
there is no way to predict
what the consequences for
society would be.
However, Senator May-
nard-Gibson said that deny-
ing the democratic process is
what would cause chaos and
violence in the country.
"There would be violence
if we didn't, in all of the cir-
cumstances, bring the matter
to the court and allow the
court to ascertain whether or
not the true intention of the
people was demonstrated in
the election," she said.
The senator said that com-
ments such as those of Bishop
Humes demonstrate a "mis-
understanding of the Bahami-
an psyche."
With an almost 90 per cent
participation in elections,
Bahamians want to be satis-
fied that the process was one
where the people's true voic-
es were heard, she said.
Mrs Maynard-Gibson
pointed out that the FNM's
previous election court chal-
lenges were never criticised
in the manner that the PLP's
are now being questioned.
In 1987, she said, the FNM
brought 11 election petitions
before the courts.
"That was their right, no
.one at that time suggested
that they were acting other
than in a lawful manider," she
said:


FROM page one

reportedly "beaten by an officer
in his cell" and knocked uncon-
scious. The following day,
Desmond was vomiting blood.
Ms Bastian said there were
attempts to revive her grand-
son by officers who "threw
water on him" before he was
rushed to Princess Margaret
Hospital, where he is now
unconscious.
"The family of Desmond is


Man 'fights for life'


deeply saddened," another rel-
ative told The Tribune. "He is
someone who always (had) you
laughing, and he is deeply
missed."
While Desmond's family is
praying for his life, they also
want justice. His grandmother
has filed a report with the Com-
plaints and Corruption Unit of
the RBPF where the matter is


Stabbed teen


is the year's


47th murder

FROM page one

nounced dead on arrival at the Princess Mar-
garet Hospital moments later.
At this time, Chief Superintendent Hulan
Hanna said that police do not have a motive
for this latest killing. But he said a rigor-
ous investigation has started.
When asked if there is a particular prob-
lem in the Nassau Village area after 30-
year-old David Rolle was gunned down on
the doorstep of the closed Urban Renewal
building on June 28th, Mr Hanna said:
"Actually, we are concerned about all of
the densely populated areas that people
tend to refer to as over-the-hill."
With this latest homicide in a year that
seems poised to set a record for killings, Mr
Hanna again appealed to the public to assist
police inpreventing these violent crimes.
"In the wake of this, our appeal is to citi-
zens in these communities who are pillars of
the community, for example teachers,
church leaders outstanding people. These
are the people who are in the communities
and many times they observe the indicators
or the triggers that set these people off,"
he said.
Mr Hanna added that police are engaging
these community figures to speak with
young people and present to them alterna-
tive methods of conflict resolution, rather
than resorting to violence.
"What we see happening more and more
in our community with the continuing loss of
life of young Bahamian males, the quality of
life for Bahamian males equally diminishing
with each passing day. At this rate, no one
knows where this will end, he said.
Thus far this year the average age of
homicide victims is 27, and four out of the
last five victims have been teenage males -
two, 18 years of age, and two 16 years of
.age .
-. ', .",


now being investigated.
"I have been in touch with
the Complaints and Corruption
Unit, and they have been deal-
ing with me favourably," Ms
Bastian said. While she was
unaware of any disciplinary
measures taken against the offi-
cer in question, Ms Bastian said
she knew he was "still func-
tioning in his regular duties."


87-year-old


is brutally


attacked
FROM page one

black eye the same eye for which she was
recently being treated for an infection dis-
coloured lips and cut and bruised arms and legs.
The daughter of the victim, Sandra Fergu-
son-Rolle, was extremely upset.
"This young man was someone who she
thought was a nice man," said Mrs Rolle. "This
incident is horrible. There is no telling what
will happen to her eye, she just saw an eye spe-
cialist on Friday because of an infection in her
eye, and then he punched her in the same eye.
"The sad part about it is, when he came into
the store he asked her if she was by herself and
asked her if my nephews had left yet, which
meant he was plotting on her. That's just sad
and cruel."
Filled with anger, 10-year-old Christopher
Fox had a few words to say to the man who
hurt his dear great grandmother.
"1 don't like people hitting on my family
because when they do that they are messing
with me and the rest of my family. I really want
him to know that I hope he doesn't come back
to my grammy's shop, even though she sees
him as her son. I don't ever want him to come
back to that store again, because if I see him it
wouldn't be pleasant. I just want him to know
that God is watching him."
Stunned to realise what the country's young
men have become, Mama Coe told The Tri-
bune she has been robbed many times, but nev-
er experienced an incident like this.
"I got robbed before with knives and guns,
but nothing like this ever happened, I came to
The Tribune to let the Bahamas know what is
really going on, because the public don't always
get to know what's really going on."
According to the police, officers are searching
for a white Toyota Corolla, in which witnesses
say the suspect fled the scene.
Chief Superintendent Hulan Hanna said that
police are following "significant leads" in the
case.


His family told The Tribune
that perhaps his ordeal can be a
positive wake up call for trou-
bled youth and officers of the
law alike.
"While young people should
continue to obey the law, and
upstand the law, on the same
note police officers should use
extreme temperament when
dealing with hostile situations,"
a family spokeswoman said.
"You know, psychologically
every person is not of the same
mindset, because of what they


are experiencing in their envi-
ronment. So the (officer's) job is
a serious responsibility."
Ms Bastian added that she
was thankful to the medical staff
at Princess Margaret Hospital,
headed by Dr Sands, for the
care they have provided for her
grandson.
Donations of blood can be
made at the blood bank at
Princess Margaret Hospital
from Monday to Friday
between 9am and 6pm, and Sat-
urdays from 9am and 4 pm.


Florida real estate developer

FROM page one

into recess next week, President George Bush can make what
is called "a recess appointment," Dr Hardt said.
He made the announcement during a courtesy call on Sidney
Collie, Minister of Lands and Local Government.
Mr Collie said government is focused on getting "properly
established and dealing with some urgent matters" first before
appointing an Ambassador to the US.
He said that diplomatic postings will be in the next round of
considerations by the government.
Both men also expressed a desire for continued close rela-
tions between the two countries.
Mr Collie, in his capacity as minister of local government, also
accepted Dr Hardt's invitation to visit the US Navy's AUTEC
base in Andros.


FROM page one

his group was delighted to be
working with The Tribune
and its team.
"Operating costs are affect-
ing all newspapers throughout
the world, including The New
York Times and the Wall
Street. Journal. Joining forces
to reduce costs in certain areas
frees up capital to invest in
people, in editorial and news
gathering which would better
serve the public readership
and assist in the papers staying
more relevant and competi-
tive," he said.
Mrs Carron pointed out that
the digital age has given rise
to severe competition and vast
choices and as media houses
move forward it is vital that
they unite to become diversi-
fied, creative and well inte-
grated.
"As Mr Alexiou has said
Bahamians will benefit from
The Tribune, The Nassau
Guardian and The Freeport
News being able to reduce the
high cost associated with the
production and distribution of


Newspapers
a newspaper so that more
resources can be directed to
encouraging talent and cre-
ativity and eventually improv-
ing the content of our news-
papers," she said.
One of the goals of the new
joint operation, Mrs Carron
said, will be to centralize oper-
ations in one location, thus
eliminating the need for dupli-
cate buildings, equipment,
presses and circulation oper-
ations.
"We aim to vastly increase
our digital operations as well
as introduce various new prod-
ucts based on the resources of
the two newsrooms," she said.
Robert Carron has been
appointed president of The
Tribune and Anthony Fergu-
son, president of The Nassau
Guardian.
Mr Carron also holds the
position of Chief Operating
Officer and Steve Haughey
Chief Financial Officer of the
group. Together they will
assemble a team to run the
combined operations.


&L CALLZdG


ELPFH



You are ordially invited to attend


a 'i





an 18-hour Peace Meditation and Eucharistic Adoration i
hosted by
.... Catholic Archdiocese ofNassau

'L Vednesi'daiy, July 25th, 2

6am to 12 midnight.



St. Francis Xuvier C erf/lthe/l

Wist Hill Street, Nassa ur, Bahai nI



o 7- of G-! "to


T hi 1 113i r "Dl r tl'ginii ;( wi ll ii i r. f


I'or imure in irormalion co incaci lhe Piii or ;nemai l jiya Iloy nd:0in.i' ,il .i x om o
.,--". -* .. ..... -" .... . "<

viTorourstrnfe i's not qqait.eiemis/bliik//k/110di.
' Gut~ ymtM m nd; against tire auria tihittim aa wl t acosa, s- i, //ii
Sprlsent d mrs aqmnist tlie pintmiua0mbr, fiet 7;


- BAHAMAS


LIMITED


CHIEF OPERATING OFFICER


Bahamas Supermarkets Limited operates a leading supermarket chain in The Bahamas. As a market
leader, the Company prides itself on delivering premier service through its City Market supenarkets,
having a strong commitment to its customers, associates and community.

An opportunity for a CHIEF OPERATING OFFICER to join this market leader has arisen.

Reporting to the CEO, the successful applicant will have previous experience in day-to-day operating
activities, including revenue and sales growth, expense management, cost and margin control and
monthly, quarterly and annual financial goal management. Key selection criteria include:

0 A minimum of twenty (20) years experience in the supermarket / hypermarket industry with at
least seven (7) at a senior / executive level such as General Manager or Chief Operating Officer
0 Strong business acumen with the ability to creatively solve problems
0 Intricate knowledge of and experience in implementing an SMS (Store Management Suite) retail
system
0 Manage relationships within the business encompassing budgeting, forecasting and sales
objectives
o Proven ability to improve company performance and shareholder value
0 Experienced in the development and execution of retail strategic business plans
0 A minimum of a BA degree in business management or marketing. An MBA is preferable.
0 Have excellent communication, presentation and interpersonal skills with the ability to mentor a
team
o Broad multi-functional experience in operational, commercial and administrative best practices
0 Solid functional computer skills with working knowledge of Microsoft applications and buying
systems.

If you have what it takes to succeed in this challenging role, forward your resume and cover letter to:

Human Resources
Bahamas Supermarkets Limited
East-West Highway
P. O. Box N 3738
Nassau, Bahamas
Or e-mail to
humanresow cesbahamaimarkes.com

No telepone mri pleme


A y i ''... .. s


I l ll i l II I l l l I II I


-- -- ---


THE TRIBUNE


WEDNESDAY, JULY 25, 2007, PAGE 9


it tfle awrCu, y.r ":............... ,E im642


ILI~Llldl*)*II


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THE TRIBUNE


LOCANEW


Junkanoo

summer

festival

ends early

THE Ministry of Tourism has
discontinued the Junkanoo
Summer Festival in Nassau one
week ahead of schedule.
The move was reportedly
intended to place the spotlight
on Grand Bahama where fes-
tivities will continue as sched-
uled until August 2, in the lead
up to the much anticipated
Emancipation Day holiday
weekend activities. *
Junkanoo Summer Festival
(JSF) wrapped up in Nassau on
Sunday with the final install-
ment of Summertime Jazz at
the British Colonial Hilton.
Other JSF events in Nassau
this year included the cultural
extravaganza at Arawak Cay on
Saturday, the Royal Poinciana
Tea Party at the National Art
Gallery of the Bahamas on Sun-
days and the historic tour expe-
rience called A Walk Through
History that was held on Bay
Street on Tuesdays and Fridays.
The July 22, conclusion of the
Nassau JSF series comes on the
heels of festival endings in Exu-
ma and Abaco, which also held
successful JSF series this year.
The Exuma festival ended
one week ago on July 14, and in
Abaco, festival activities con-
cluded on July 6.
Throughout the island over
the past several weeks, festival
highlights have included dance
instruction in traditional
Bahamian styles which was
enjoyed by visitors and resi-
dents alike; spoken word and
drama performances; and show-
cased some of the most colour-
ful periods in Bahamian history.
Musical performers included
Cacique Award winner Avvy,
Funky D, Geno D and Visage.
In Grand Bahama, Junkanoo
Summer festivities have also
included conch cracking com-
petitions and sisal plaiting
demonstrations that will con-
tinue until August 2.
The ministry said it hopes
having major JSF activities not
only in Nassau, but on islands
outside of New Providence as
well, will continue to enhance
the domestic travel market.


Public cemetery contractors



may be fired by government


Contractors responsible for
maintaining public cemeteries
may not have their contracts
renewed by the Ministry of
Works because of the poor
condition in which they are
kept.
Minister of Public Works
and Transport Earl Deveaux
said he visited the cemeteries
to see their condition before
making his decision whether or
not to renew the contracts.
"When I saw the level of
graffiti, the mattresses, fridges
and washing machines in the
cemeteries, I wondered what
the dead felt," Mr Deveaux
said at the first Minister's
Forum, held as part of the
Chamber of Commerce Week
at the Sandals Royal Resort.
The minister also said he has
learned that gang members
have taken to hiding out in the


cemeteries
"Then 1 saw the ratings, I
saw not a single rating above
fair in the maintenance of our
public cemeteries," he said.
"Now Woodlawn Gardens
and the cemetery at the junc-
tion of Gladstone Road do not
come under my purview; so if
they are clean and graded
above fair, I cannot take
responsibility for that," Mr
Deveaux added.
He said the public's money
should not be spent on sub-
standard contracts or substan-
dard work.
"Many Bahamians feel is it is
their right to give substandard
service, because they have fam-
ilies and they need to feed their
children and they have school
fees to pay," the minister said.
He also noted that with the
innovations in construction and


Earl Deveaux may terminate contracts

for badly maintained grave sites


the quality of steel, there is no
reason that public schools
which will either be built or
Reconstructed should last less
than 75 years.
"Could you imagine now
Earl Deveaux, in 2007, deter-
mining that these schools
should be rebuilt and executing
contracts that one of your chil-
dren in 15 years comes back
and says that they have to
rebuild?" he asked.
But he said the advance-
ments in construction have not
reached the public sector.
"I do not think the partner-


ship between builders, archi-
tects and the public sector has
merged to the point where we
are getting the best for our
money," Mr Deveaux said.

Fair

In September, he said, there
will be a contractors' fair so the
ministry can review some of
the better forms of construc-
tion and more efficient building
techniques.
"We will not be able to con-
tinue to spend hundreds of mil-


lions of dollars building infra-
structure that does not last,"
he said.
"The question is how to
establish a partnership between
the private sector and the pub-
lic sector to get good roads, to
modernise construction tech-
niques and build an efficient
infrastructure.
"My view on how that could
be accomplished," Mr Deveaux
said, "is through building great
partnerships based on trust,
open dialogue and an accep-
tance that I cannot give you a
dollar for 50 cents work."


Funeral held for mother of Alfred Sears


Former Minister of Education Alfred
Sears laid his mother to rest over the
weekend at a ceremony in Freeport.


IF : ) a"Uf"
f :,' -


The funeral was held at Mary Star of
the Sea Catholic Church on Saturday.
Mrs Winifred Delores Sears, n6e Finlay,


was born on February 7, 1929.
She died on July 13 2007 at the age of
78.


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PAGE 10, WEDNESDAY, JULY 25. 2007


S a








THE TRIBUNE WEDNESDAY, JULY 23,2007, PAGE 11


COMMONWEALTH OF THE BAHAMAS
NEW PROVIDENCE


DECLARATION OF VESTING
GIVEN UNDER

THE ACQUISITION OF LAND ACT
(Chapter 233)


WHEREAS as notified by Notice of Possession dated the 13th day of

June A.D., 2007 and published in the Extraordinary Official Gazette dated the

15th day of June A.D., 2007 the land and hereditaments described in the

Schedule hereto have been duly appropriated under the Acquisition of Land
Act for the public purpose, namely for airport upgrade and expansion and for

uses related thereto.


NOW THEREFORE in pursuance of sections 18 and 36 of the said Act, I

do hereby declare that the land and hereditaments described in the Schedule

hereto have been vested in the Minister responsible for Civil Aviation in trust

for Her Majesty in right of Her Government of the Commonwealth of The
Bahamas for public purpose.


Dated the 13th Day of July A.D., 2007




The Rt. Honorable Hubert Alexander Ingraham
Minister Responsible for Acquisition
and Disposition of Lands


Schedule (Annexed)


DESCRIPTION

AREA = 203.49 Acres
AREA = 36.28 Acres AIRSTRIP (Parcels 'A','B','C')
ALL THOSE certain lots pieces or parcels of land together containing
by admeasurement Two hundred and Thirty-nine Acres and Seventy-seven
hundredths of an Acre or thereabouts being the Lots numbered 369-402, 1-

18 of Section I Phase III, 1-9 in Block C, 1 in Block D, Park,
3,4,7,8,11,12,13 in Block F, Park, 4-5,10-11 in Block H, 2 in Block K, 2,3,6
in Block E, 3-15 in Block D, 1,4,5,8-10,13,14 in Block I in Phase A, 1-7, 8-
32.Section II Phase III of Stella Maris Subdivision inclusive of all road
reservations falling within the areas in addition to the area used for The
Runway on plans on record in the Department of Lands and Surveys as

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

The Queen's Highway and approximately 1.4 miles southeasterly from
Burnt Ground Settlement in the area known as Stella Maris in the Island of

Long Island in the Commonwealth of The Bahamas ABUTTING AND

BOUNDING towards the NORTH on road reservations known as
Turquoise Close and Joy Drive towards the EAST on Turquoise Avenue

Sapphire Avenue and Section I-Phase III, Phase A-Blocks B, F and A and
Section I Phase II of Stella Maris Subdivision and an area Reserved for
Agriculture towards the WEST on Fernandina Drive and Pitt Street towards
the SOUTH on Avacado Street, Park Reserve and Yumetta Drive and

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

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

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

hereto annexed and marked "A".

R. Brennen
08/02/07


GN-539



GOVERNMENT NOTICE




Office Of The Prime Minister


--I


THE TRIBUNE


WEDNESDAY, JULY 23, 2007, PAGE 11














BEC considers new boiler





facility to tackle sludge oil


FROM page one

coastline into the ocean on a reg-
ular basis. BEC never responded
to the allegations.
Yesterday, Mr Basden revealed
that the corporation is currently
reviewing the specifications of var-
ious boilers with a view to pur-
chasing a unit.
This follows statements made
by Minister of State for Public
Utilities, Phonton Neymour, in
response to the insider's allega-
tions, in which he claimed that he
was "vigorously addressing" defi-
ciencies at the plant.
The source claimed that as
sludge was not being disposed of,
oil releases were spilled over the
yard on a daily basis, eventually
ending up in the ground.
Yesterday Mr Basden admitted
that an oil slick brought to the
attention of The Tribune on Sat-
urday by a concerned local -
emanated from BEC and may
have seeped from the coastline
outside of the plant.
This comes after the BEC
source claimed that the problem


of ground accumulation had
reached the stage that the corpo-
ration could no longer "hide" it,
as it is "starting to come back out."
Mr Basden admitted that while
BEC had, since the end of May,
"heightened" its efforts to contain
spills that can seep out of the coast-
line walls at low tide, the spill may
be one example of some of the
leaked oil that occasionally escapes
containment.
According to the general man-
ager, staff at the corporation are
regularly monitoring the coastline
to check for leakages, and if any
escapes, boats will respond with
additional clean-up equipment -
as was reportedly the case in this
instance.
Mr Basden claimed that the spill
identified over the weekend has
now been entirely cleared up.
In previous years, BEC has
sought to deflect criticism from
environmentalists and other con-
cerned citizens about oil spills in
the Clifton Pier area, repeatedly
asking that the corporation not be
made an easy "scapegoat" for the
leakages that, the corporation
claimed, could have originated


Chandra wins




Bahamas' first




medal at Pan Am


FROM page one

medal chart, although up to that
point, no Bahamian had
achieved the feat. It was obvi-
ously a typographical error.
There was no need to change it
after Sturrup crossed the line.
The 36-year-old captain of
the Bahamian women's team,
who was coming off a turbulent
two-year period, stumbled out
of the blocks first for a false
start that was blamed on the
field.
After regaining her compo-
sure, she settled in and faded
down the stretch in 11.29 sec-
onds to add to the gold she won
in the century at the 1999
Games in Winnipeg, Canada.
Americans Mikele Barber,
running a Pan Am record at
11.02 seconds and her team-
mate, Mechelle Lewis, silver
medalist in 11.24, were a couple
of steps ahead of her.
Sturrup's medal had placed
the Bahamas tied for 18th spot


r. Ir S '

r ajturlng O Ei J


.'*, -, -- '. .

Ti: 3_22-J 2/J|3
E-niuill: if i tf ,r byO r lurf ttii url!J


with the Netherlands Antilles,
Barbados, Haiti, Honduras,
Nicaragua and Uruguay at that
point, all bronze. She just want-
ed her own to be a different
colour.
"I'm not pleased with the
time and I'm not pleased with
the medal either," she told
Bahamian reporters in the
mixed zone where the athletes
are interviewed after their race.
"I had the opportunity to win
the race and I didn't do it."
About the false start,'Sturrup
said she just regained her com-
posure, got back in the blocks
and threw everything out of the
window.
Jokingly when asked about
the false start, she said: "I guess
the older you get."
But she admitted that she
blew the race from the 50 metre
mark.
"It's great," she said about
winning the Bahamas' first
medal at these games before
she countered: "No, we won
one already. I see the Bahamas
and it had one yesterday (Tues-
day).
"Well, it's great, knowing
that I'm the first. Hopefully
there will be some more."
Looking back at the race,
Sturrup said she never saw the
Americans until "they passed
me."
When asked what she's going
to do to celebrate, Sturrup said:
"Celebrate! This isn't no cele-
bration. I wanted to win and I
wanted to run a better time. But
we could get our per diem. For a


medal, I could get some cash in
hand because I haven't worked
in a year and the bank book is
kind of low."
Sturrup was referring to the
fact that the athletes have not
received any per diem from the
Bahamas Olympic Association,
which is responsible for the
team at the games.
For Sturrup, this one was a
little special. Her mother, Deb-
bie Dean, who was normally her
biggest support in the stands in
her previous international
meets, died recently of cancer.
"She's always popping up to
these games, but about a week
before, it really kind of got to
me," she said. "I don't know
what will happen when I get
onto the podium, but I felt it a
long time."
She held back tears on the
podium as the medal presenta-
tion took place in the rain after
the completion of the men's 100
final.
Bahamas track team manager
Ralph McKinney said he's elat-
ed for Sturrup because she's
had her share of challenges over
the last two years and "this is
definitely her road back.
"Her coming here is going
to give her the confidence to go
back to where she was before."
McKinney, however, said it
will certainly motivate the rest
of the team, including the mem-
bers competing on the women's
4 x 100 relay.
SEE TRIBUNE SPORTS
FOR MORE PAN AM NEWS


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THE TRIBUNE


PAGE 12, WEDNESDAY, JULY 25, 2007








WEDNESDAY, JULY 25, 2007


SECTION i -


business@tribunemedia.net


Th Tribu1nei


SS


Miami Herald Business, Stocks, Analysis, Wall Street


'Three-year inventory


recovery'


at Morton Salt


Company on target to re-start salt harvesting and re-hire 52 laid-off workers by second week in August


* By NEIL HARTNELL
Tribune Business Editor
Morton Salt's
salt inventory
will take "two
to three"
years to
recover from the unusually
heavy rainfall that has decimat-
ed production at Inagua's key
economic engine, the firm's
managing director telling The
Trbune yesterday that the com-
pany planned to resume har-
vesting within the second week
of August and re-hire 52 tem-
porarilly laid-off workers. ,e
Glenn Bannister said: "We
are taking a salt reading on the
25th. On that day each month,
our guys go to the pond and
measure the cake in the salt
pans.
"We knoW that August is one
of the belt months for salt


growth. We feel very strongly
that we will start-up by the sec-
ond week in August.
"We plan to be up and oper-
ating by then, and all persons
on lay-off will be back to work
by August 7. Hopefully, we can
put everything behind us."
Currently, Morton Salt has
temporarily laid-off some 52
workers, or some 50 per cent of
its non-managerial/supervisory
staff.
Mr Bannister said the
remainder, plus 26 managerial
staff, were performing "very
critical work" as they waited
for harvesting to resume, such
as working the brine, measuring
salt and servicing the ship that
brought all Morton Salt and the
island's much-needed supplies
from Florida, reloading it with
salt to send back,
However, Mr Bannister said
it would "take two to three


years to grow back the salt
inventory" that had been
depleted by the absence of
growth this year, due to the
unusually heavy rainfall Inagua
experienced between Septem-
ber 2006 and March 2007.
"We've got to build up our
inventory in the pans," Mr Ban-
nister explained, pointing out
that the three-inches-per-year
salt growth that Morton Salt
normally experienced had been
wiped out by this year's rain-
fall.
That three-inch growth
equated to about one million
tonnes per year, but the com-
pany usually harvested 1.2 mil-
lion tonnes per annum for
export, However, this year,
Morton Salt is projecting that
it will harvest only about
600,000 tonnes, half of what it
normally produces, corre-
sponding to a 50 per cent reduc-


tion in revenues.
Mr Bannister said Inagua had
sustained three times its normal
rainfall between September and
March, receiving 35 inches com-
pared to the normal 10 to 12
inches.
"That's what made this par-
ticular period so difficult," Mr-
Bannister said, "The rainfall has
now fallen off. July and August
have been the best months for
rainfall. We expect to get an
inch of salt growth this month,
and another inch next month,
so that we get enough salt
growth to harvest through to
December or even further."
However, Mr Bannister said
Inaguaysyally received an aver-
age 10-12 inches of rain
between September and
November, "That will play a
part," he added, "That's going
to impact salt growth and play
into the picture of how we go."


Mr Bannister questioned why
the Bahamas Industrial, Man-
ufacturers and Allied Workers
Union had not accepted the
inclusion of a work-week reduc-
tion to three days, in the event
of a poor salt harvest, in the
recently-signed industrial agree,
ment between the two sides,
He explained that if there was
not enough salt cake in the
pans, and no maintenance work
for staff to do, Morton Salt
would have no option but to
resort'to temporary lay-offs
should such a situation occur
again.
"They didn't take it," Mr
Bannister said of the reduced
work-week option. "We told
them that if they didn't take it,
the 'only option was lay-offs,
Now we have laid people off
temporarily, and they're com-
plaining,"
The new industrial agreement


will govern relations between
Morton Salt and the union for
five years, effective 2005
through 2009.
The new agreement will
secure more than 17 per cent in
wage increases over the five-
year period. Union employees
also received a one-time sign-
ing bonus of $400, and secured a
total wage increase for a five-
year period of 20.3 per cent
including back pay.
Acting pay is to be 40 per
cent of the differential between
the employee's current rate of
pay and the employee's rate of
pay for whom he or she is stand-
iging in for, for all hours worked.
Responsibility pay is to be 70
per cent of the differential
between the employee's current
rate of pay and the employee's
rate of pay for whom the
employee is replacing for all
hours worked,


Basic rate cuts


cost BEC $55m


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE
Bahamas
Electricity
Corporation
(BEC) sus-
tained a
$1,9 million
loss in its
last finao-
cial year,
the minister
of state fr wI ROBERTS
public utili-
ties said, blaming cuts in the
basic electricity rate approved
under the former government
for costing the company $55m
in revenues over three years.
Phenton Neymour told the
House of Assembly that the
"haphazard" reduction in
BEC's basic electricity rate


* Minister says BEC made
$1,9m loss in last-financial
year, with this projected to
rise to $38m by 2009
* Claims tariff cuts cost
$17m in first year
* Roberts hits back, stressing
reduction pushed by Board
and BEC management

reduced the corporation's rev-
enues by $17 million in the
first year alone.
"Each year since, revenues
have decreased, and revenue
losses for the past year are
estimated to be $20 million
and some $55 million over a
3-year period," Mr Neymour
said.

SEE page 8


N By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Bahamas will become
increasingly reliant on reverse
osmosis plants to produce its
water, the minister of state for
public utilities said, with desali-
nated water set to account for
93 per cent of water produced
in New Providence by 2013.
Phenton Neymour told the
House of Assembly that on
New Providence, in 2003 the
ratio of groundwater to desali-
nated water was 79 per cent to
21 per cent.
In 2013, the ratio of ground-
water to desalinated water is
projected to be 7 per cent to 93
per cent. In the Family Islands
in 2006, the ratio of groundwa-
ter to desalinated water was 73
per cent to 27 per cent, but by
the end of 2007, this should
change to 68 per cent to 32 per
cent
Mr Neymour said proposed
development plans will further
reduce the reliance on ground-
water, changing the ratio to 60
4


per cent to 40 per cent,
"It should also be noted that
Grand Bahama and Grand
Bahama Utility Company sup-
plies are excluded from these
figures. Presently, about 95 per
cent of water supplied in Grand
Bahama comes from ground-
water. This will decrease as pro-
jects develop," he added,
Mr Neymour said: "In the
Speech from the Throne, this
Government promised to adopt
a policy of retaining ownership
of all Government-owned
water-bearing land as part of
the Bahamian patrimony."
He added that the amount of
land required, and the cost of
building wellfields, is increas-
ing.
"Land is becoming more and
more costly in the Bahamas,
and on many islands there are
serious conflict issues when it
comes to land use," Mr Ney-
mour said.
"When the Water & Sewer-
age Corporation planned to use
groundwater for expanded


SEE page 5


Bahamas down $25m on pre-2000 IBC gains


* By NEIL HARTNELL
Tribune Business Editor
BAHAMAS-domiciled International
Business Companies (IBCs) contribute just
over $50 million per annum to this nation's
gross domestic product (GDP), a Central
Bank of the Bahamas study has found, an
almost $25 million decline from the 'pre-
blacklisting' peak with no signs of a "dis-
cernible recovery" yet,
The study, released yesterday, estimat-
ed that TBCs contributed $51 million to the
Bahamian economy in 2004 through a com-
bination of government revenues and pri-
vate sector fees, "compared to a peak near
$75 million in 2000",
The Central Bank said its findings placed
"a conservative estimate on the direct con-
tribution of IBC activities to the economy of


At


* Central Bank study says 'no discernible recovery yet'
IBC industry adds just over $50m to Bahamian
GDP, off from pre-blacklist $75m


the Bahamas in the low $50 million range
during 2005,
"This was reduced from an estimated
peak in the low to mid-$70 million range in
2000, the year before the full impact of the
new legislation was felt. Revenue decline
paralleled the sizeable fall-off in annual
company incorporations, while a lesser por-
tion of the losses was due to the reduction in
the number of companies on the Bahamian
register."
While "a discernible recovery has not yet
emerged" when it came to IBC numbers


and revenues, the Central Bank study said
these indicators had stabilized compared
to the 2001-2003 period, when the finan-
cial services industry and its clients were
adjusting to the post-2000 laws and abolition
of bearer shares.
"Medium-term prospects are favoured
by the new Investments Funds Act 2003,
which provides greater flexibility and scope
in the creation of collective schemes, and by


SEE page 6


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PAGE 2B, WEDNESDAY, JULY 25, 2007


THE TRIBUNE


Prevention better than cure on employee theft


Has theft become nor-
mal and honesty
become abnormal? Is
crime out of control, or are we as
citizens able to manage this
problem? The first months of
2007 as it pertains to crime may
lead us to believe otherwise.
As mentioned a few weeks
ago, we have seen a major
increase in the amount of crimi-
nal activity. The police really
have their hands full. But is
crime a police problem? Take,
for example, the repair man be
he a plummer or mechanic. Is
the fact that your septic tank is
backed up or your car is unable
to start really the problem of the
fix-it-guy? When we consider
this, it seems that the issue may
have been transferred to the
police, but crime is really our
problem. So, what are we going
to do in a realistic attempt to
solve the problem? There are
many suggested solutions, pri-


marily focused on the concept
of harsher penalties, more police
and 'swift justice'.
The public calls for longer sen-
tences and hangings. These
remedies, I feel, are at the other
end of the spectrum, similar to
using a bigger mop to soak up
the spill. However, my concern is
how we prevent the spill in the
first place.
Phillip Purpura, in his book
Security and Loss Prevention,
says: "In many businesses, so
many people are stealing that
those who do not steal are the
deviants and outcast: theft
becomes normal and honest
becomes abnormal."
What makes people steal is
the question this article will
attempt to unravel, as it is key to
managing the problem. The old
adage: 'Walking in one's shoes
to see how they think' is essen-
tial if companies desire to reduce
loss via this avenue.


Safe &
Secure


Aside from crime statistics
provided by the Royal Bahamas
Police Force, and studies done
by other groups such as the
Coalition of Private Sector
Organizations, there is very little
documented information about
employee theft in the Bahamas,
Psychologists, sociologists and
criminologists have struggled for
years to understand and describe
the motivations of dishonest
individuals, These disciplines
have provided numerous stud-
ies in an effort to identify per-
sonality traits and characteris-
tics most frequently associated
with theft or fraud. They have
also attempted to identify social


forces and environmental fac-
tors that contribute to, or might
explain, why certain individuals
are dishonest and others are not.
Only recently have these studies
been directed to white collar
crime, as the focus has been on
violent crimes such as rapes,
murders and bank robberies,
This all changed when, in the
early 1980s, researchers from the
University of Minnesota, John
Clark and Richard Hollinger,
published the results of an exten-
sive three-year study they con-
ducted on employee theft. This
landmark study identified five
characteristics to explain the
phenomenon of employee theft,
They are:
1. External Economic
Pressures
Prior to this study, the most
frequent explanation of employ-
ee theft was that employees stole
from their employers because


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Pleseco plte yurI srn, a tchin" yourl ilmlmL experence Io iRS am TC Anl o R-' uIBB A N
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equivlent.~
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Only applicants who are shorL-listed will he (ontacted.
S * S -^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


they had a personal problem
involving alcohol, gambling, illic-
it affairs or similar situations.
This position asserts that "when
economic pressures become
great, people may turn to ille-
gitimate means to achieve social-
ly acceptable goals".
Clark and Hollinger observed
that the connections between
the nature of economic needs
and the manner in which the
stolen materials satisfy those
needs had not yet been estab-
lished.
2. Youth and Work
Another commonly-expressed
theory stated that younger
employees are simply not as
honest or hardworking as pre-
vious generations. Cited were
two studies of retail employees
caught in the act of stealing mer-
chandise, Both studies indicat-.
ed a disproportionate number
of younger, newly-hired employ-
ees were involved in theft, How-
ever, no clear and convincing
evidence existed to confirm this
theory.
3. Opportunity
The opportunity to steal items
of value was considered one of
the primary factors in employee
theft by security practitioners. It
was generally held that every
employee is tempted to steal
from his employer at one time or
another during their career,
based on the opportunity to
steal. This theory was also never
empirically studied until Clark
and Hollinger's research in 1983.
4, Job Dissatisfaction
The idea that there is a cause
and effect between job dissatis-
faction and employee theft had
not been included in most stud-
ies of workplace theft until Clark
and Hollinger. The theory sug-
gests that the company from
whom employees steal may
influence such theft because
management, directly or indi-
rectly, is responsible for job dis-
satisfacti onsed o the per-
ceptions of their employees.
5. Social Control
The social control theory sug-
gests that the broadly-shared for-
mal and informal social struc-
ture within a company greatly
influences whether theft persists
or not, Although not empirical-
ly tested until Clark and
Hollinger's study, it emphasised
the role individual work group


norms played in deterring work-
place theft,
In addition, there was evi-
dence in existing studies that the-
orised a relationship between
supervisors/management and
employees in deterring or
encouraging theft behaviour,
Both theories are similar to
the deterrence doctrine, which
assumes the threat of negative
social sanctions from the com-
pany or law can impact the
amount of theft in the compa-
ny. In essence, employees will
be more likely to steal if they
perceive the threat of detection
and/or punishment for this
behaviour to be weak or non-
existent,
Regardless, the two primary
objectives here are to reduce
theft and fraud in the workplace.
The company must be clear on
identifying and punishing unac-
ceptable behaviour. As a result,
regulations regarding theft by
employees must be clear and fre-
quently reiterated to ensure they
are understood by all employ-
ees,
In my opinion, the message
concerning loss prevention and
penalties resulting from such
action is lost or even neglected
- during pre-employment orien-
tations for new staff, never again
to be addressed until someone is
actually caught stealing,
Companies cannot rely solely
on negative sanctions from soci-
ety to apply to the workplace.
Individual sanctions within the
company are important to help
mold the culture and make cer-
tain expectations clear, Enforc-
ing the sanctions must also be
uniform,
It takes only one incident in
which managerial employees are
given preferential treatment to
undermine the entire policy,
Negative sanctions for theft must
apply to everyone in order to be
effective, and management must
be prepared to uniformly dis-
pense discipline.
NB: Gamal Newry is the
president df Preventative Mea-
sures, a Loss Prevention and
Asset Protection Training and
Consulting Cospany, specializ-
ing in Policy and Procedure
Development, Rusiness Security
Reviews and AudiUs, and Emer-
gency and Crisis Management.
Comments can be sent to PO
Box N-3154 Nassau, Baham
or, emagil gewypreveOalV e-.
measures.net.com or www*k-
ventativeueasuaes.pet


STHE BANK OF NOVA SCOTIA TRUST

A3 COMPANY (BAHAMAS) LIMITED





The Bank of Nova Scotia Trust Company (Bahamas) Limited invites applications from qualified
individuals for the position of Manager Investment Services.

The position requires experience in analyzing international financial markets and managing the
investment portfolios of high net worth individuals and companies.

Diverse product knowledge is expected relating to both the investment and trust fields in several
international jurisdictions. The position requires interaction with top international investment managers
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Candidates must have a proven track record of sales in investment products. Strong client relationship
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Applicants must have the CFA designation, a University Degree in Economics/Business Administration
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management position in the offshore trust sector,

Interested persons should submit applications in writing marked Private and Confidential to:


SManager Operations
SPO. Box"N3016
Nassau, Bahamas

Applications should be received no later than Friday, 27th July, 2007.


IBAlDFORD MARINE
OAH*DO a AIANA


NOTICE
To the Owner of the MV Papilloa

Please be advised that the vessel has been deemed abandoned
at the Bradford Grand Bahama Facility, which will now result
in the automatic appointment of the Company as Receiver of
the vessel as of this notice, and without further notice the
vessel will be subject to sale by the Company as Recever.

Regards,


rmas


INDIGO
GREAT INVESTMENT OPPORTUNITY

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Contact Kingsley Edgecombe
Ph: 242-424-4959
Email: klngsley@kingsrealty. cor

!


C
T-E













BUSINESS


he IMiami Heralb L WEDNESDAY, JULY 25,2007


THE MARKETS
STOCKS, MUTUAL FUNDS, 7B


INTERNATIONAL EDITION


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The nation's largest provider of
pe n | broadband Internet and land and
wireless phone services said Tuesday
n that 146,000 subscribers activated
b new iPhones in the first 30 hours of
su p m e sales as the quarter closed news
L that seemed to disappoint Apple
investors a day ahead of that compa-
Sconcerns any's earnings release. The hotly
.con cern s .anticipated device that combines
phone, media player and Web-surf-
ing capabilities can onlv he used on


BY LAUREN VILLAGRAN
Associated Press
NEW YORK Wall Street
pulled back sharply Tuesday as
investors dealt with disappoint-
ing earnings reports and
renewed concerns about the
mortgage lending market. The
Dow Jones industrials fell more
Than 200 points.
DuPont was the Dow's big-
gest loser after the chemical
Smoker reported its second-quar-
ter profit growth was flat,:as.
improving sales abroad bal-
anced the ongoing weakness in
the U.S. housing and automo-
tive markets. Fellow Dow com-
ponent American Express said
late Monday its quarterly profit
climbed 12 percent on record
card member spending.
Tuesday's retreat was not
surprising considering that the
market's move into record terri-
tory came before profit reports
were released in earnest. Many
investors bet that reports would
be more upbeat than they have
turned out to be. In addition, a
profit warning from mortgage
lender Countrywide Financial.
"Tuesday reminded investors.
*tbifat troubles in the subprime
' riarket persist. ''
S The Dow gave ip 226.47, or
1.62 percent, to 13,716.95. The
drop was the average's biggest
since March 13, also amid con-
cerns that the subprime woes
could infect the broader lending
landscape.
Other major stock indicators
also suffered steep declines.
The Standard & Poor's 500
index shed 30.53, or L98 percent,
to 1511.04. The Nasdaq compos-
ite index lost 50.72, or 1.89 per-
cent,closing at 2,639.86.
Declining issues outnum-
bered advancers by nearly 10 to
1 on the New York Stock
Exchange, -where volume came
to almost 2 billion shares, com-
pared with 1.52 billion Monday.
The stock market will likely
be driven by company earnings
reports over the next two
weeks, he said, as investors try
to get a sense of how well cor-
porate profits will hold up.
The steady flow of earnings
reports dictated Wall Street's
direction on Tuesday, after five
back-and-forth sessions that
saw markets rise one day only
to fall the next.
DuPont and American
Express both sank after their
earnings reports. DuPont tum-
bled $3.36, or 6.3 percent, to
$49.90, while American Express
dropped $3.49, or 5.4 percent, to
$61.17.
McDonald's, the world's
largest restaurant chain, posted
a loss after taking a charge for
the sale of its Latin American
outlets. The Dow stock fell 95
cents to $51.55.
In what is perhaps a signal to
Wall Street of more woes to
come in the mortgage lending
market, Countrywide Financial
posted sharply lower second-
quarter profit and slashed its
earnings forecast as mortgage
banking earnings were cut in
half. Its shares declined $3.56, or
10.5 percent, to $30.50.
Meanwhile, oil prices
receded further from last
week's 11-month highs. Light,
sweet crude gave up $L33 to end
at $7356 on the Nymex.
The Russell 2000 index of
smaller companies dipped 23.76,
or 2.84 percent, to 811.86.
Overseas, Japan's Nikkei
stock average fell 0.21 percent.
Britain's FTSE 100 dropped
1.90 percent, Germany's DAX
index fell 1.73 percent, and
France's CAC-40 fell
L69 percent.


AT&T's network as part of exclusive
deal between the companies.
For the quarter that ended June 30,
AT&T said net income rose to $2.9
billion, or 47 cents per share, from
$1.81 billion, or 46 cents per share in
the prior year's quarter. Wireless
subscribers rose by 1.5 million to 63.7
million, AT&T said.
A tiny amount of that growth was
driven by the iPhone introduction,
with more than 40 percent of the
early iPhone activations done by new
AT&T subscribers. Sales continue to
be strong in July, the company said.
"We're elated with the iPhone
launch," said Chief Financial Officer
Rick Lindner in an interview Tues-
day.
iPhone buyers sign two-year con-


tracts and have higher-than-average
rate plans and will likely continue to
boost demand for wireless data ser-
vices, an area of business that saw
strong growth during the second
quarter, he said.
AT&T shares rose 20 cents to
$40.23 on Tuesday afternoon after
dropping at first, but Apple shares
dropped $3.43, or 2.4 percent, to
$140.27.
Lindner noted that AT&T's num-
bers represented activation rates,
which are different from the number
of units sold.
Analysts, too, said any reaction of
first-day sales of the iPhone were
probably unfair.
"The activations might have been
a little light, but I'm not necessarily


PAUL SAKUMA/AP FILE, 2006
ON THE RISE: United Airlines reported its biggest quarterly profit in seven years, a gain that reflected
fuller summer flights, cost reductions and especially strong results from its international flights.


Fuller flights send United's


profit to best since 2000


BY DAVE CARPENTER
Associated Press
CHICAGO United Airlines is
flying high again especially over-
seas.
United parent UAL reported its
most profitable quarter in seven
years Tuesday, a $274 million sec-
ond-quarter profit that reflected
increased capacity on international
routes as well as fuller U.S. flights
and lower costs.
JetBlue Airways also posted
solid second-quarter earnings, but
its 50 percent profit increase was
tempered by the announcement
that it plans to slow its growth in
the wake of the February ice-storm
debacle.
The better-than-expected earn-
ings by UAL, for years an industry
laggard financially, reinforced that
carriers are benefiting more than in
past years from the busy summer
travel season. Like United, many
have restructured to reduce domes-
tic flights and trim costs.
Among other U.S. carriers in the
latest quarter, American Airlines
parent AMR posted a $317 million
profit last week, Delta Air Lines
earned $1.77 billion or $274 million
excluding bankruptcy-related
items, Southwest Airlines netted
$278 million and Continental Air-
lines earned $228 million.
Chicago-based UAL had its best
quarter since earning $408 million
in the second quarter of 2000,
before it spiraled into a lengthy
decline that landed it in bankruptcy
from 2002-06.
The results easily topped Wall
Street estimates and more than
doubled the company's earnings
from a year ago, when it finished in
the black for the first time since
2000. Its stock surged.
United has prospered in part by
cutting domestic capacity earlier
this year, which has meant existing
flights are carrying more passen-
gers. It filled 89.1 percent of its
seats last month, the highest ever
for June.
It also is increasingly focusing
on its more profitable international


network, including rolling out a
revamped international business
class cabin this week featuring
cushier seats that recline flat and
allow long-haul business travelers
to sleep lying down.
International passenger revenue
climbed 16 percent in the quarter
while North American revenue fell
2 percent, for an overall increase of
more than 4 percent despite flat
capacity growth.
United registered improvement
to its operating costs, which have
been among the highest of any U.S.
airline for years. Costs per average
seat mile, excluding fuel and sever-
ance charges, declined 0.5 percent
from the second quarter of 2006
and operating expenses were
reduced by $177 million.
Chairman and CEO Glenn Tilton
said the results showed solid
momentum across the board.
JetBlue, a low-cost carrier that
had been expanding rapidly,
increased revenue by 19 percent
but missed Wall Street's estimate
by a penny a share.
The Forest Hills, N.Y.-based
company said net income grew to
$21 million, or 11 cents a 'share, in
the second quarter, from $14 mil-
lion, or 8 cents a share. Revenue
rose to $730 million from $612 mil-
lion a year earlier.
JetBlue said it will take delivery
of three fewer airplanes this year
and will sell three planes from its
fleet. New CEO Dave Barger has
said he thinks JetBlue's February
storm meltdown was caused, in
part, by the fact that the company
grew too fast.
"Slowing capacity growth will
allow us to strengthen our balance
sheet and facilitate earnings
growth," Barger said.
But slower growth doesn't mean
no growth. JetBlue will continue
entering 2 to 4 cities a year, he said.
United shares rose $2.45, or 5.2
percent, to $49.69 in afternoon
trading while JetBlue's fell 22 cents
to $11.08.
AP Business Writer John Wilen in
New York contributed to this report.


Get bumped?

Younayrsoon
get. extra :aS il

'Thie Pamieh post -
t i le Sam qiaya require
. aiasies to : more, than triple .
tctlih they will hae to fqrk
S'ove to passengers who are
iard untarily btmpei frOm
IA-Z
ST ?paytmen6
.Trantipartation piipbs d
-cha gl to its bming jes
last wee. ti~trCild boost
. ;onBeatn up toq24 for
pwegbrae Iog IWOasev^r
del ed -after losing ihir -
septs .
't wUild;b6 the first pay-
Sment'increase since 1978.
.-The .Agn", Iso .'may
S ed th s fiule
to pIaisengrsi on sillier '
regional jets, which are not
currently covered.
Delta Air .Lkes and its
regionall partners would be
particularly affected by the
proposed rule changes.
Delta and partners Atlantic
Southqhst Airlines, Comair :
and SkyWest had higher rate ,
of involuntary bumping than
any other-airlines, according-
to recent DOT reports,
Airlines have been bump-
ing passengers for decades
because they typically over-
'book flights to allow for pas-
sengers who reserve seats but
don't show up. When they
end up with more passengers
than open seats, most airlines
try to get some passengers to
give up their sdats by offering
: cash vouchers or other,
incentives.
The government requires
That airlines compensate pas-
sengers who are involuntarily
*'bumped. :.


I


--o ---------- --- -


sure you can read a lot into that," said
Christopher King, an analyst for Sti-
fel Nicolaus & Co.
The quarter overall was in line
with expectations, he said.
Excluding acquisition costs,
AT&T had earnings of 70 cents, up
from 58 cents per share for the same
three months last year and above the
67 cents average estimate of analysts
polled by Thomson Financial.
Revenue for the quarter was $29.5
billion, up from $15.8 billion in the
year-earlier quarter.
Revenue growth continues to be
driven by wireless data use for ser-
vices like messaging, downloads and
laptop connectivity. Revenue from
that business was up 67 percent for
the quarter to $L7 billion.
CHINA


U.S. firm


to build


Chinese


nuclear


plants

BY JOE McDONALD
Associated Press
BEIJING Westinghouse Electric
signed deals Tuesday to build four
nuclear power plants in China and to
transfer technology for its newest
reactor to a Chinese partner, a cost of
gaining a foothold in the country's
fast-growing industry.
Westinghouse President Steve
Tritch described the deal for third-
generation AP1000 reactors as "mul-
tibillion-dollar contracts," but said
the Chinese buyers asked the com-
pany not to disclose details.
The deal calls for Westinghouse to
hand over technology for the AP1000
to China's government-owned State
Nuclear Power Technology, making
it the basis for Chinese efforts to
develop a nuclear industry.
"The signing of these contracts is
a grand event for the development of
China's nuclear industry," Chinese
Vice Premier Zeng Peiyan told Tritch
before the contract-signing cere-
mony.
Westinghouse, headquartered in
the Pittsburgh suburb of Monroeville,
Pa., was acquired last year by Japan's
Toshiba Corp, which holds a 77 per-
cent stake. Westinghouse said the
Chinese deal would create or sustain
at least 5,000 jobs in the United
States. Shaw also said it would pro-
vide engineering and other services
on the Chinese power projects, and
its said its share of the work would be
worth about $700 million.
U.S., European and Russian sup-
pliers of nuclear power technology
have all been vying to land contracts
in China, where as many as 32
nuclear plants are expected to be
built by 2020 as it tries to meet surg-
ing power demands while cutting
emissions and reducing reliance on
imported oil
Both American and French politi-
cians lobbied Beijing hard on behalf
of their companies.
China is the world's second-larg-
est power consumer after the United
States and the third-largest oil
importer.
China has 11 nuclear reactors in
operation, all based on technology
one generation behind the new Wes-
tinghouse model. Three were built
with Chinese technology, while oth-
ers use Russian, French or Canadian
know-how.
The new Westinghouse plants are
to be built in pairs in the eastern cit-
ies of Sanmen in Zhejiang province
and Haiyang in Shandong province,
both rapidly growing areas. Con-
struction is to start in 2009 and reac-
tors are scheduled to come on line
between 2013 and 2015, Westinghouse
said.
Westinghouse says the AP1000 is
superior to previous reactors because
it uses less cable, piping and valves,
cutting costs and reducing the need
for large cooling towers and other
expensive equipment. The company
says it increases safety by using grav-
ity instead of mechanical pumps to
deliver cooling water to the reactor
in an emergency.










S&P 500 -30.53 NASDAQ 50.72 DOw -226.47 6-MO T-BILLS 30-YR T-BONDS GOLD +3.40 EURO +.0028 CRUDE OIL -133
1,511.04 2,639.86 13,716.95 4.89% 5.06% $684.20 1.3830 $73.56




Money&Markets


1,6 0 0 .............. ......... ........... 2,80 0 ....................................


1,550 .1,52 O ... .................... 2,700 .2660
1,48 10DAYS 26010 DAYS
1 5 0 0 -. .- 2 6 0 0 - - . . . . . . . . .

1,450 2,500 ........



1,400 ............ .... ... ....... S&P 500 2,400 .. ........ ...... Nasdaq composite
Close: 1,511.04 Close: 2,639.86
Change: -30.53 (-2%) Change: -50.72 (-1.9%)
1,350 .. 2,300
1,350 F A J J J ...........F M A ........... J J............... ............................... 2 300 ...............
J F M A M J J J F M A M J J


StocksRecap

NYSE NASD
Vol. (in mil.) 4,055 2,419
Pvs. Volume 3,086 2,011
Advanced 349 532
Declined 3004 2536
New Highs 75 47
New Lows 353 271


Name Last Cdg
ABB Ltd 23.54 -.62
ABNAmro 50.54 -24
ACE Ltd 57.86 -2.88
AES Corp 21.41 -121
AFLAC 51.90 -.72
AMR 28.83 +24
ASML HId 3020 -20
AT&T Inc 39.68 -35
AUOptron 16.28 -.80
AXA 41.67 -1.69
AbtLab 52.51 -1.41
AberFitc 70.84 -1.08
Accenture 42.57 -1.24
AdobeSy 41.78 -.58
AMD 15.21 -.15
AdvSemi 7.02 -26
Advantstrs 42.84 -.32
Aegon 18.66 -.50
Aetna 50.74 -36
Agllent 39.19 -.64
Ahold 13.42 -.17
AFrance 45.80 -.51
AirProd 8735 -1.00
AkamaiT 4625 -2.45
Akzo 86.55 +23
Alcan 96.82 -34
AlcatelLuc 13.60 -21
Alcoa 4125 -120
Alcon 143.41 -1.53
AllgEngy 53.44 -2.41
AllegTch 11020 -3.53
Allergans 59.26 -1.06
AlliBem 83.50 -3.85
Allianz 22.34 -.80
Aldlrish 53.13 -2.03
Allstate 55.80 -1.73
Alltel 66.64 -.51
AlteraCpIf 24.50 -.42
Altrias 68.06 -1.56
Alumina 2830 -.75
AIChina s 49.70 +.02
AmBevC 73.88 -2.74
AmBev 74.00 -2.94
Amazon 69.25 -2.49
AmbacF 76.14 -420
Amdocs 38.07 +.19
Ameren 50.19 -1.54
AMovilL 63.07 -2.25
AMovilA 62.90 -2.24
AmCapStr 4127 -2.10
AEP 45.14 -125 '
AmExp 61.17 -3.49
AmlntGplf 67.71 -1.14
AmStand 57.81 -1.59
AmTower 43.42 -130
Ameriprise 61.82 -2.16
AmeriBrg 49.19 +.14
Amgen 5.44 -.36
Amphenols 36.10 -.73
Anadarko 51.27 -1.77
AnalogDev 36.80 -1.03
AngloAm 31.70 -1.18
AnglogldA 44.61 -.76
Anheusr 49.12 -1.10
Aon Corp 40.18 -.78
Apache 84.36 -2.02
ApolloGrp 63.63 -38
Apple Inc 134.89 -8.81
ApldMatI 2131 -.13
ArcelorMit 65.16 -1.81
ArchDan 36.14 -.59
ArchstnSm 58.94 -.22
Assurant 5233 -2.05
AstraZen 54.65 -.90
Autodesk 4434 -38
AutoData 47.23 -.89
AutoZone 131.31 -2.30
AvalonBay 11235 -2.90
Avaya 1680 -.15
AveryD 63.38 -3.62
Avnet 42.68 -.62
Avon 39.63 -37
BASF 131.75 -322
BB&TCp 38.09 -121
BCEg 38.95 -23
BG Grp 81.94 -2.86
BHPBillLt 66.76 -1.51
BHPBiplc 6135 -1.41
BJ Svcs 27.11 -121
BP PLC 7230 -2.12
BTGrp 65.87 -1.69
BakrHu 8228 -1.57
BanColum 36.09 -.91
BcBilVArg 24.88 +.02
BcBradess 27.46 -1.67
Bncoltau 47.90 -3.16
BcoSnCH 19.01 -36
.BcSanChile 4920 -.89
BkofAm 47.15 -1.00
Bklrelnd 79.13 -2.61
BkMont g 6629 -.51
BkNYMel 42.93 -1.66
BkNova g 49.30 -.12
Barclay 59.88 -.47
Bard 82.12 -.47
BarrickG 3427 -28
Baxter 55.09 -1.49
BayerAG 73.63 -226
BearSt 129.85 -4.40
BectDck 74.48 +.03
BedBath 35.65 -.66
BerkHaA 110000 -300
BerlkHB 3636 -3
BestBuy 4535 -.60
Biogenldc 5624 +1.49
Biomet 45.43 -.09
BlackRock 166.86 -5.47
BIEnhGvln 17.58 -.17
BlkFItRtlnc 17.77 -.18
Blackstnn 25.71 -.66
BlockHR 21.38 -57
Boeing 103.80 -24


Name LastChg
EqnoxMnriso 3.93 -.23
WebTechWrlss 2.64 +.04
CIBC 94.18 -1.89
ThompsonCreek20.96 -1.59
CdnNatRail 57.03 -3.32
ManulifeFin 39.24 -.97
Thundermino .39 -.01
CnstltnCpro 1.44 -.05


DOW 13940.99 13701.59 13716.95 -226.47 -1.62% V A
DOW Trans. 5366.66 5256.24 5265.10 -101.90 -1.90% V A
DOW Util. 514.48 496.20 496.84 -17.76 -3.45% V A
NYSE Comp. 10121.54 9891.40 9909.95 -211.63 -2.09% V A
NASDAQ 2682.40 2634.03 2639.86 -50.72 -1.89% V A
S&P 500 1541.57 1508.62 1511.04 -30.53 -1.98% V A
S&P 400 911.94 888.18 890.90 -21.04 -2.31% V A
Russell 2000 832.37 809.53 811.86 -23.76 -2.84% V V
Wilshire 5000 1555827 15215.90 15244.07 -314.21 -2.02% V A


Name Last Chg
BostProp 98.25 -2.53
BostonSci 14.37 -.33
BrMySq 31.40 -.73
BritATob 66.69 -.66
BritSky 57.32 -1.38
Broadcom 34.01 +.07
BrkfldAs gs 38.05 -1.17
BrkfldPrs 23.09 -.35
BungeLt 86.00 -.15
BurlNSF 8824 -2.62
CA Inc 26.30 -.30
CB REllis 3736 -1.89
CBSB 34.33 -.67
CDWCorp 85.19 -.09
CGG Verit 5224 -2.06
CH Robins 52.51 -1.35
CIGNA s 53.07 -.45
.CITGp 44.85 -1.81
CME Grp 549.00 -10.60
CNA Fn 44.16 -1.91
CNH Gbl 55.40 -1.46
CNOOC 120.81 -4.18
CPRLEn 61.75 -4.12
CRH 47.07 -1.15
CSX s 49.85 -1.33
CVS Care 35.92 -.13
CablvsnNY 37.17 -.89
CadbyS 51.30 -1.35
Cadence 22.44 -.04
Cameco gs 41.44 -2.65
Cameron 78.19 -1.10
CampSp 38.02 -.93
CIBC g 90.58 -1.22
CdnNRyg 55.10 -2.61
CdnNRsg 6936 -3.16
CPRwyg 80.56 -2.28
Canons .58.88 +.17
CapOne 75.36 -2.69
CardnlHlth 67.38 -.91
Carnival 45.77 -1.13
CarnUK 44.99 -.98
CarolinaGp 77.46 -.99
Caterpillar 81.66 -.34
Celanese 38.53 +.51
Celgene 56.69 -.74
Cemex 34.33 -.54
Cemigpfs 21.04 -1.09
ChesEng 34.30 -1.46
Chevron 89.85 -2.72
ChinaLfes 59.95 -1.15
ChinaMble 58.27 -1.96
ChinaNet 51.90 -2.34
ChinaPet 103.71 -3.46
ChinaTel 59.96 -.12
ChinaUni 17.94 -.46
Chubb 49.63 -1.19
ChungTel 17.39 +.45
CinnFin 40.63 -1.40
Cisco 29.76 -.50
Citigrp 4931 -1.55
CitrixSylf 37.28 -.18
ClearChan 37.18 -.50
ClearCh 28.49 +.11
Clorox 65.40 +.53
Coach 49.00 -.05
CocaCE 23.64 -.09
CCFemsa 46.40 -.75
CCHellen 46.68 -.28
CocaCI 5322 -.42
CogTech 83.26 -1.80
ColgPal 6825 -.43
Comcasts 28.31 -.54
Comc sp s 28.14 -.52
Comerica 54.49 -1.71
CmcBNJ 35.95 -.56
CVRD 50.74 -2.36
CVRDpf 43.16 -2.21
CompsBc 69.88 -.12
CompSci 61.09 -.32
ConAgra 26.26 -.41
ConocPhil 8233 -3.30
ConsolEngy 42.53 -2.76
ConEd 44.40 -.75
ConstellEn 92.16 -3.61
Coopers 55.33 -.72
Coming 26.19 -.52
Costco 60.15 -.75
CntwdFn 30.50 -3.56
CoventryH 58.75 -.12
Covidien n 42.13 -.15
Credicp 64.38 -2.27
CredSuiss 68.27 -1.83
CrwnCstle 37.87 -.08
Cummins s 111.84 -2.85
DJIA Diam 137.27 -1.94
DTE 49.50 -1.71
DaimlrC 89.45 -2.50
Danaher 76.94 -.49
Darden 43.14 -.85
Dassault 61.23 -1.56
Deere 125.99 -1.97
Delhaize 99.74 -1.87
Dell Inc If 28.74 -.60
DeutschBk 140.65 -3.56
DeutTel 17.82 -.42
DevDv 50.72 -.89
DevonE 77.56 -2.75
Diageo 84.41 -1.24
DiaOffs 110.66 -2.38
DirecTV 23.99 -.53
Discover n 25.00 -1.12
DiscHoldA 24.83 -.59
Disney 34.75 -.28
DomRes 84.98 -2.10
DonlleyRR 44.07 -.99
Dover 51.99 -2.05
DowChm 46.11 -.96
DuPont 49.90 -336
DukeEgys 17.59 -.42
DunBrad 102.67 -2.69
ETrade 20.89 -1.52
EON AG 54.57 -1.69


Name Last dig
BCE Inc 40.30 -.74
PaladinOrdo 7.29 -.43
SuncorEngy 95.38 -2.97
LundinMng 14.27 -.71
ISharesCDN60 81.26 -2.42
AbitibiCons 2.82
StarfldReso 1.38 +.11
TransAltaCorp 30.56 -1.06


WidelyHeldStock!
Name Last Chg
eBay 33.06 -.03
EMC Cp 19.05 -.46
ENI 74.17 -1.71
EOG Res 70.28 -1.81
EKodak 27.30 -.45
Eaton 100.85 -1.70
EchoStar 44.24 -.51
Ecolab 43.69 -.30
Edisonint 56.30 -2.95
Edwards 82.06 -.30
EIPasoCp 17.37 -.65
Elan 19.92 -.70
ElectArts 50.94 -.91
EDS 27.94 -.65
Embarq 61.75 -1.38
EmersnEl s 49.17 -1.06
EEIChile 43.90 -1.64
Enbridge 36.77 -.06
EnCana 60.48 -2.34
Endesa 54.15 +.01
Enel 53.01 -1.05
Energizer 110.21 +3.63
EngyTEq 40.59 -.11
EngyTsfr 61.18 -.65
Enersis 18.18 -.68
EnhEqYP 18.29 -29
ENSCO 65.44 -.46
Entergy 102.85 -4.75
EntPrPt 32.70 -.24
EqtyRsd 43.44 -1.26
EricsnTI 38.57 -.93
EsteeLdr 46.81 -.18
EverestRe 104.25 -4.83
Exelon 75.94 -4.43
Expedia 25.75 -.96
ExpdIntl 46.15 -.94
ExpScrip s 52.28 -1.25
ExxonMbl 90.84 -2.60
FPL Grp 57.50 -2.35
FannieM If 62.81 -1.96
Fastenal 46.30 -.73
FedExCp 113.39 -2.24
Fiat 31.05 -1.58
FidNInfo 55.84 -.44
FifthThird 37.54 -1.24
FirstData s 32.15 -.22
FstSolar n 107.16 -1.59
FTSpcFn n 17.76 -.70
FirstEngy 64.10 -2.99
Fiserv 54.70 -1.27
Flextrn 11.40 -.08
Fluor 118.38 -2.89
FEMSA s 37.80 -.79
FordM 8.26 -.20
ForestLab 44.96 +.32
FortuneBr 82.07 +.33
FosterWh 118.05 -2.93
FranceTel 27.27 -.60
FrankRes 134.32 -4.63
FredMac 58.70 -2.11
FMCG 95.00 -3.99
FresenM 45.95 -.85
Fujifilm 43.78 -.83
GameStops 41.61 +.52
Gannett 50.21 -1.54
Gap 17.97 -.49
Garmin s 80.16 -.48
Genentch 75.30 +.39
GenDynam 80.30 -.90
GenElec 40.22 -.60
GnGrthPrp 50.10 -.78
GenMills 57.15 -1.11
GnMotr 34.65 -.47
GenuPrt 49.96 +.41
Genworth 32.10 -.51
Genzyme 60.49 +.18
Gerdau 26.68 -1.39
GileadSci s 37.86 -.14
GlaxoSKIn 51.30 -.78
GlobalSFe 77.60 -.73
GoldFLtd 17.55 -.42
Goldcrp g 27.18 -.29
GoldmanS 198.15 -6.89
Goodrich 60.68 -.77
Goodyear 33.37 -1.12
Google 514.00 +1.49
Graingr 91.17 -1.76
GrantPrde 54.71 -2.28
GpTelevisa 27.49 -.01
HDFC Bk 90.70 -1.51
HSBC 90.88 -2.08
Hallibrtn 37.24 -.50
Hanson 110.90 +.06
HarleyD 58.27 +359
Harman 116.10 -1.12
HarrahE 84.24 -.64
HarrisCorp 56.60 -1.54
HartfdFn 94.81 -1.40
Heinz 45.27 -.90
HellnTel 15.44 -.20
Hershey 47.45 +.16
Hertz n 24.31 -.06
Hess 64.63 -2.10
HewlettP 47.61 -.82
Hilton 43.99 -.78
Hitachi 72.68 +1.72
HomeDp 37.95 -1.01
Honda 36.82 -.08
HonwIlIntl 60.68 -.77
Hospira 40.13 -.17
HostHotls 22.75 -.56
HuanPwr 45.68 -.13
HudsCity 11.60 -.10
Humana 65.51 -1.49
IAC Inter 31.82 -.81
ICICI Bk 48.23 -2.13
ING 44.02 -.93
iShEMU nya 118.63 -2.29
iShJapan 14.65 -.05
iShMalasia 12.06 -.15
iShDJDv 70.22 -1.78
iShSP500 151.55 -2.80


Name Last Chg
iShEmMkt 139.10 -4.93
iSh EAFE 81.66 -1.25
iSR1KV nya 86.22 -1.83
iSR1KG nya 60.62 -1.01
iShR2K nya 81.00 -1.98
iShMSCIV 78.78 -1.22
ITT Corp 69.58 -1.44
ITW 56.73 -.34
ImpOil gs 48.35 -.66
ImpTob 94.79 +.51
IndoTel 49.06 +.18
Infineon 17.30 -.45
InfosysT 52.06 -1.63
IngerRd 53.00 -1.81
Intel 24.53 -.19
IntcntlEx 147.79 -8.30
IntCtlHtl 25.12 -.43
IBM 116.17 -.21
IntlGame 37.01 -.22
IntPap 40.24 -.53
Intuit 29.97 -.29
IntSurg 203.15 -4.88
Invesco 25.90 -.64
JPMorgCh 45.34 -1.81
JacobsE s 64.98 -.71
JohnJn 61.47 -.53
JohnsnCtl 112.95 -4.83
JoyGIbl 59.56 -2.71
JnprNtwk 30.23 -.77
KLATnc 59.31 -1.96
KPN 16.18 -.38
KT Corp 24.24 -.56
Kellogg 51.77 -.44
Keycorp 35.65 -.57
KeySpan 41.56 -.07
KimbClk 68.29 +.81
Kimco 37.70 -.71
KindME 54.90 -.45
Kinross g 13.71 -.33
Kohls .64.14 -.89
Kookmin 93.75 -1.76
KoreaEIc 25.23 -.24
Kraft 34.84 -.77
Kroger 27.76 -.83
Kubota 43.93 -1.12
Kyocera 105.08 -1.17
L-3 Com 100.30 -1.39
LG Philips 22.95 -.90
LabCp 78.42 -.36
LafargeSA 43.48 -.90
LamRsch 57.00 -1.92
LVSands 82.42 -.36
LeapWirels 96.63 -1.70
LeggMason 95.35 -3.23
LehmanBr 66.34 -2.51
LeucNatl 38.17 -1.09
Level3 5.82 -.11
LibGlobA 42.99 -.81
LibGlobB 43.06 -.97
LibGlobC 40.86 -.78
LibtyMlntA 22.30 -.40
LibtMCapA 120.20 -1.25
LillyEli 57.17
Limited 26.17 -.61
LincNat 64.52 -1.94
LinearTch 36.51 -.79
LloydTSB 45.96 -1.00
LockhdM 103.09 +3.57
Loews 50.33 -1.30
Lowes 28.92 -.51
Luxottica 37.40 -1.03
Lyondell 45.90 -.35
M&T Bk 105.55 -2.77
MBIA 57.08 -1.66
MEMC 58.31 -.69
MGMMir 78.42 -2.43
Macys 40.84 -1.02
Magnal g 91.79 -1.44
Makita 45.06 -.79
Manpwl 88.60 -2.80
Manulifgs 37.93 -.48
Marathons 58.06 -3.17
MarlntA 43.94 -.93
MarshM 29.50 -.67
Marshlls 42.55 -1.73
MartMM 144.20 -2.33
MarvellTs 18.82 -.44
Masco 26.79 -.59
MasterCrd 158.77 -8.83
Matsush 19.18 -.22
Mattel 24.33 -.23
Maxim hlf 33.63 -.35
McDermlnt 86.20 -3.46
McDnlds 51.55 -.95
McGrwH 59.79 -3.58
McKesson 58.52 -.45
MeadWvco 34.44 -.96
MedcoHlth 81.15 -.55
Medtrnic 51.71 -.47
Merck 51.72 -.61
MerrillLyn 77.11 -2.94
MetLife 63.36 -.80
Metso 62.88 -1.99
Microchp 37.40 -.40
MicronT 13.05 -.39
Microsoft 30.80 -.39
Milleas 41.34 +.04
Millicomlnt 85.69 -11.31
Mirant 39.59 -2.04
MitsuUFJ 10.71 +.01
Mitsui 459.98 -15.98
MizuhoFn 13.99 +.12
MobileTel 63.69 -1.98
Mohawk 95.01 -1.32
MolsCoorsB 90.03 -1.55
Monsanto s 68.46 -1.27
Moodys 55.94 -2.96
MorgStan 65.55 -2.16
Mosaic If 38.49 -1.51
Motorola 17.71 -.12
MurphO 63.78 -1.51
NCR Cp 54.61 -.57


A +10.06%
A +15.46%
A +8.77%
A +8.44%
A +9.30%
A +6.54%
A +10.76%
A +3.07%
A +6.92%


Name Last Chg
NEC 5.13 -.03
NIl Hldg 87.33 -2.50
NRG Egy s 40.90 -2.79
NTTDoCo 14.58 -.03
NYMEX 128.94 -3.95
NYSE Eur 75.40 -3.29
Nabors 31.55 -.94
NBkGreece 12.49 -.04
NatlCity 30.80 -.79
NatGrid 71.68 -1.92
NOilVarco 112.33 -4.75
NatSemi 26.74 -.99
NetwkAp 30.85 -.54
NewellRub 28.57 -.45
NewmtM 43.38 +.11
NewsCpA 22.40 -.32
NewsCpB 24.02 -.35
Nexen gs 31.86 -1.28
Nidec 14.92 -.01
NikeBwi 58.35 -1.05
NippnTT 22.04 +.02
Nissan 21.47 -.12
NobleCorp 105.16 -1.12
NobleEn 62.98 -1.94
NokiaCp 28.55 -.45
Nomura 17.50 +.01
Nordstrm 45.14 -1.77
NorflkSo 55.52 -1.43
Norsk 40.38 -1.66
Nortel Ifrs 23.52 -.69
NorTrst 63.10 -2.28
NorthropG 77.30 -1.78
Novartis 54.67 -.02
NovoNdk 109.00 -1.62
Nucor 56.96 -1.64
Nvidia 44.35 -1.20
OcciPets 59.17 -2.20
OffcDpt 28.73 -.89
Omnicm s 53.41 -.41
Oracle 20.64 -.14
Orix 125.09 -.94
PG&ECp 44.63 -1.82
PNC 68.68 -2.18
POSCO 149.13 -5.15
PPG 81.20 -1.00
PPL Corp 47.64 -1.54
Paccars 92.71 -4.51
ParkHan 102.75 -1.68
Paychex 42.51 -.50
PeabdyE 43.11 -2.73
Pearson 16.39 -.57
PennWst g 32.24 -.97
Penney 72.10 -2.03
PepsiBott 35.04 +.02
PepsiCo 66.26 -.33
PetroCg 54.94 -2.14
PetChina 152.59 -4.59
PetrbrsAs 58.21 -4.14
Petrobrss 67.37 -4.20
Pfizer 24.89 -.14
PhiILD 59.02 -.83
PhilipsEl 42.85 -.72
PitnyBw 47.09 -.80
PlainsAA 63.65 -.01
PlumCrk 40.90 -1.19
Polo RL 96.79 -2.44
PortglTel 14.14 -.31
Potash s 79.25 -3.32
PwShs QQQ 49.33 -.74
Praxair 77.19 -.71
PrecCastpt 132.00 -3.35
PriceTR 51.42 -1.92
Pridelntl 38.74 -1.34
PrinFncl 5928 -1.66
ProctGam 62.96 -.38
ProgrssEn 44.56 -1.37
ProgsvCp 21.40 -.64
ProLogis 57.07 -1.11
Prudent 94.16 -2.03
Prud UK 29.23 -1.02
PSEG 87.20 -3.98
PubStrg 73.61 -1.19
Publicis 44.02 -.45
Qualcom 43.08 +.33
QstDiag 56.42 +3.62
Questar s 54.69 -2.66
QwestCm 9.26 -.25
Raytheon 54.60 -.38
ReedElsNV 38.26 -.73
ReedEls plc 51.25 -1.22
RegionsFn 31.66 -.81
ReliantEn 28.05 -1.61
Repsol 38.98 -1.11
RschMotn 221.00 -8.73
ReutrGrp 77.11 -.99
ReynAm s 63.75 -1.45
RioTinto 303.68 -12.38
RockwlAut 70.68 -1.98
RockColl 73.26 -1.21
RogCm gs 48.52 -.78
RoHaas 59.11 -1.21
Rostele If 57.60 -.98
RoyalBk g 53.99 -.68
RylCarb 39.93 -.11
RoyDShllB 82.10 -2.95
RoyDShlIA 80.53 -2.79
Ryanair s 38.72 -.45
SAP AG 55.24 -1.96
SK TIcm 29.45 -.85
SLGreen 125.95 -1.31
SLMCp 52.80 +1.87
STMicro 18.70 -.64
Safeco 58.40 -1.23
Safeway 32.62 -1.27
SUude 45.12 -.07
SanDisk 57.12 +.18
Sanofi 42.25 -.53
Santos 48.41 -2.45
SaraLee 16.67 -.36
Sasol 39.91 -2.65
Satyam s 27.73 -.56
SchergPI 30.83 -.47


TorontoStockExchange
Name Last Cig Name Last Chg Name last Chg
Nexen Inc 33.01 -1.67 Oilexco o 12.52 -.60 BombdrBSV 6.52 -.14
CamecoCorp 42.85 -3.28 DiagnoCureo 3.00 -.05 NewGoldo 7.25 +.20
UTSEngyCorp 6.02 -.30 Inflazyme .06 +.01 YamanaGldo 12.58 -.48
CGIGrpASV 11.48 -.30 NorOriono 5.98 -.27 TimmincoLtd 5.50 -.20
RedcorpVeno .46 -.02 HarvestEgyUn 30.13 -1.78 CdnNatRes 71.78 -4.22
Goldcorpinc 28.20 -.60 LegacyHtlsUn 12.40 +.01 Bk NS 51.20 -.50
EasternPlat 2.45 -.14 BarrickGold 35.53 -.67 WsternOilA 36.00 -1.00
BreakwaterRes 3.25 -.25 TeckComBSV 49.97 -2.03 WestaimCorp .69 -.09


S etart59feiHI


HIGH LOW CLOSE CHG. %CHG. WK MO QTR YTD


Name last Chg
NuvoResearch .16
UraniumOneo 12.64 -.86
DenisonMines 11.75 -.83
SaskWheatPI 11.90 +.26
Royal Bnk 56.04 -1.60
T D Bank 71.87 -1.15
TalismanEgy 20.10 -.78
Sherrittlntl i6.65 -.59


EUl
11B!


NET 1YR
TREASURIES YEST PVS CHG WK MOQTRAGO
3-month T-bill 4.88 4.89 -0.01 A A T 4.98
6-month T-bill 4.89 4.89 ... A V 5.06
1-year T-note 4.94 4.97 -0.03 V V V 5.18
2-year T-note 4.75 4.78 -0.03 V V V 5.08
5-year T-note 4.82 4.85 -0.03 V V A 4.99
10-year T-note 4.94 4.96 -0.02 V V A 5.05
30-yearT-bond 5.06 5.06 ... V A 5.11


BONDS


Schlmbrg 94.80 -1.52
Schwab 19.73 -.55
SeagateT 24.33 -.55
SearsHldgs 149.17 -.52
SempraEn 56.67 -1.85
ShawC g 50.08 +.74
Sherwin 71.35 -.22
Shinhan 13921 -5.75
Shire 75.01 -1.42
SiderNac 57.11 -1.43
Siemens 144.56 -3.09
Slcnware 10.75 -.53
SimonProp 89.41 -1.38
Smith&N 62.02 -.57
Smithlntl 60.85 -3.84
SonyCp 51.66 +.59
SouthnCo 33.80 -.76
SthnCopps 112.66 -2.35
SwstAirl 16.29 -.13
SwstnEngy 40.08 -2.12
SovrgnBcp 20.21 -.88
SpectraE n 26.64 -.78
SprintNex 21.82 -.20
SPDR 151.30 -2.67
SP Mid 162.35 -3.10
Staples 24.34 -.29
Starbucks 28.29 +.12
StarwdHtl 71.11 -1.81
StateStr 68.65 -2.19
Statoil 30.77 -1.28
Sterlite n 17.07 -.90
StoraEnso 18.61 -.22
sT Gold 67.47
Stryker 66.51 -.46
Suez 55.07 -1.73
SunLfFn g 49.40 -.46
SunMicro 5.23 -.06
Suncorg 91.99 -1.82
Sunoco 70.97 -4.56
Suntech 40.80 -1.00
SunTrst 81.40 -2.76
Supvalu 43.70 -3.68
Swisscom 34.75 -.63
Symantec 19.54 -.26
Syngenta 38.82 -.46
Synovus 29.70 -.52
Sysco 31.15 -.85
TD Ameritr 18.54 -.70
TDK 90.49 -1.42
TJX '28.74 -.56
TXU Corp 66.68 -.57
TaiwSemi 10.90 -.12
TalismE gs 19.37 -.59
Target 64.80 -1.87
TataMotors 18.22 -.69
Technip 81.10 -3.68
TeckCm gs 48.08 -1.65
TelcNZ 30.95 -.06
Telltalia 28.27 -.52
TelltaliaA 23.12 -.11
TelSPaulo 32.21 -3.00
TelefEsp 70.35 -1.45
TelMexL 34.97 -1.08
TelData 71.80 +.30
Telkom 98.02 -6.73
Telus g 58.74 -.62
Templeln 62.48 -1.76
Tenaris 48.45 -1.87
Terex 88.55 -2.24
Temium 31.47 -1.23
Tesoros 51.37 -3.49
TevaPhrm 43.44 -.17
Texlnst 36.46 -1.72
Textron 121.80 -3.70
ThermoFis 51.64 -.68
Thomson 43.44 -.06
3M Co 89.69 -1.18
Tiffany 52.17 -1.71
TW Cable n 41.55 -.30
TimeWarn 20.37 -.10
Trchmrk 64.55 -1.40
TorDBk g 69.09 -.57
Total SA 81.01 -2.68
Toyota 122.49 -.70
TrCda g 37.65 -.38
Transocn 115.37 -.59
Travelers 50.28 -1.90
Tribune 27.17 -1.00
Turkcell 18.12 -1.02
TycoElec n 38.40 -.51
Tycolntin 48.79 -.56
Tyson 22.98 -.75
UBSAG 57.31 -.54
UPM Ky 24.03 -.63
UST Inc 53.42 -.40
UltraPtg 53.90 -1.79
UUniao 124.10 -5.30
UnilevNV 31.72 -.79
Unilever 32.92 -.78
UnionPac 124.99 -2.33
UnBnCal 56.13 -2.20
UtdMicro 3.40 -.12
UPSB 74.68 +.14
USBancrp 30.90 -.85
US Cellular 100.25 -1.74
USSteel 106.41 +.42
UtdTech 74.74 -1.48
UtdhlthGp 51.00 -.17
UnumGrp 24.81 -1.03
VFCp 88.68 -1.27
ValeroE 70.64 -2.01
VeoliaEnv 76.12 -1.77
Verisign 31.12 -1.00
VerizonCm 4311 +.32
ViacomB 41.40 -.32
VimpelCm 107.86 -3.64
VirgnMdah 27.35 -1.04
Vodafone 32.09 -1.08
Volvo s 21.11 -.67
Vornado 108.33 -1.93
VulcanM 101.08 -2.02
WPP Gp 74.28 -1.71
Wachovia 48.41 -.41
WalMart 48.02 -.09
Walgrn 45.08 -.57
WA MutI 39.09 -2.10
WshPst 790.14 +.64
WsteMInc 39.52 -.78
Weathfdlpt 56.14 -2.93
WellPoint 82.17 +.58
WellsFgos 33.93 -.92
WstnUn n 21.44 +.74
Westpac 116.80 -.72
Weyerh 79.75 -2.88
Whrlpl 109.00 -3.22
WhtMtlns 578.15 -5.21
WmsCos 33.16 -1.14
Windstrm 14.48 -.28
Wipro 15.39 -.26
Wolseley 22.75 -.81
WooriFn 81.10 -.90
Wrigley 56.96 -.52
Wyeth 50.30 -5.70
Wyndhamn 36.39 -2.04
Wynn 99.32 -1.95
XL Cap 79.00 -4.02
XTO Engy 57.69 -1.37
XcelEngy 20.21 -.76
Xerox 19.33 -.38
Xilinx 26.58 -.14
YPF Soc 44.81 -.28
Yahoo 24.84 -.15
YumBrdss 33.88 -.92
Zimmer 88.93 -.46
ZionBcp 75.77 -2.94


NET 1YR
YEST PVS CHG WK MOQTR AGO


Lehman Long T-Bd Idx 5.10 5.11 -0.01 V V A 5.19
Bond Buyer Muni Idx 4.79 4.79 ... V A 4.86
Lehman US Inv Grade 5.67 5.65 +0.02 V A A 5.70
Lehman US High Yield 8.64 8.52 +0.12 A A A 8.57
Moodys Bond Index 5.69 5.74 -0.05 V V A 5.80
Bank Index 107.94 11125 -331 V V V 109.87
DJCorp Bond 197.71 197.69 +0.02 A A A 185.67


Commodities COMMODITY CLOSE PVS. %CH. %YTD
Unleaded Gas (gal) 2.05 2.10 -2.38 +28.0
*Crude Oil (bbl) 73.56 74.89 -1.78 +20.5
Gold (oz) 684.20 680.80 +0.50 +7.7
Platinum (oz) 1336.60 1344.90 -0.62 +17.3
Silver (oz) 13.36 13.24 +0.91 +4.4
Coffee (Ib) 1.16 1.12 +3.57 -8.1
Orange Juice (Ib) 1.35 1.33 +1.50 -32.9
Sugar (Ib) 0.10 0.10 ... -14.9




Foreign 6MO. 1YR.
Exchange COUNTRY CLOSE CHG. %CHG. AGO AGO
SArgent(Peso) .3162 -.0037 -1.17 .3244 -.0086
Brazil (Real) .5371 -.0058 -1.08 .4698 +.0805
Britain (Pound) 2.0639 +.0060 +.29 1.9672 +.2140
SCanada (Dollar) .9657 +.0101 +1.05 .8482 +.0891
Chile (Peso) .001930 -.000013 -.67 .001854+.000079
Colombia(Peso) .000521 +.000001 +.19 .000444+.000113
Dominican Rep (Peso) .0304 -.0000 -.00 .0299 -.0002
Euro(Euro) 1.3830 +.0028 +.20 1.2961 +.1201
Japan (Yen) .008305 +.000063 +.76 .008268 -.000257
Mexico (Peso) .092371 -.000636 -.69 .091420+.000455
Uruguay (New Peso) .0422 -.0000 -.00 .0411 +.0004



GlobalMarkets

INDEX YEST CHG %CHG WK MO QTR YTD
S&P 500 1511.04 -30.53 -1.98% V A A +6.54%
Frankfurt DAX 7806.79 -137.42 -1.73% V V A +18.34%
London FTSE 100 6498.70 -125.70 -1.90% V V A +4.47%
Hong Kong Hang Seng 23472.88 +107.32 +0.46% A A A +17.57%
Paris CAC-40 5907.47 -101.69 -1.69% V V A +6.60%
Tokyo Nikkei 225 18002.03 +38.39 +0.21% V V A +4.51%

SOUTH AMERICA/ CANADA
Buenos Aires Merval 2241.43 -62.00 -2.69% V A A +7.22%
Mexico City Bolsa 31462.15 -706.28 -2.20% V .A A +18.96%
Sao Paolo Bovespa 55794.57 -2241.60 -3.86% V A A +25.46%
Toronto S&P/TSX 14068.16 -400.17 -2.77% V A A +8.98%

ASIA
Seoul Composite 1992.26 -0.79 -0.04% A A A +38.89%
Singapore Straits Times 3665.13 +29.78 +0.82% A A A +22.75%
Sydney All Ordinaries 6455.50 +27.70 +0.43% A A A +14.37%
Taipei Taiex 9744.06 +122.49 +1.27% A A A +24.55%
Shanghai Shanghai B 298.73 -0.80 -0.27% A A A +129.60%


Largest Mutual Funds


12-MO
NAME NAV CHG%RTN
AIM
ConstellA m 29.04 -.55+23.4
American Cent .
Ultralnv 29.78 -.62+18.4
American F Rmds
AmcapA m 21.74 -.31+20.8
BalA m 20.05 -.23 +17.1
BondA m 13.17 -.01 +6.1
CaplncBuA m 65.36 -.86+23.8
CpWIdGrIA m 47.06 -.78+31.7
EurPacGrA m 53.47 -.79+33.1
FundmlnvA m44.56 -.87 +24.4
GrowAmerA m36.46 -.58+22.9
GrowAmerB m35.18 -.55+22.0
HilncA m 12.39 -.08+10.1
IncAmerA m 21.18 -.34 +18.7
InvCoAmA m 36.19 -.55 +19.7
MutualA m 31.34 -.61 +21.4
NewEconA m 29.64 -.42 +30.4
NewPerspA m35.78 -.61 +29.4
NwWrldA m 58.31 -.84+47.6
SmCpWIdA m47.15 -.75+42.9
WAMutInvA m37.44 -.78 +21.1
Artisan
Intl 32.54 -.53+31.9
Baron
Growth b 53.06 -1.13 +22.4
Bernstein
TxMIntI 29.28 -.62 +30.7
BlackRock
GlobAlcA m 19.86 -.15 +21.7
GlobAlcC m 18.75 -.15 +20.7
Calamos
GrowA m 61.01 -1.44+25.5
Columbia
AcornZ 32.46 -.68+25.6
DFA
EmgMktVal 43.87 -.90+76.3
IntlSmCap 24.32 -.29+413
IntlValu 25.99 -.52+38.9
USLgVal 26.93 -.65+223
USSmVal 30.70 -.87 +20.2
DWS-Scudder
DremHRtEA m52.62 -130 +15.8
Davis
NYVentA m 41.03 -.91 +20.1
NYVentC m 39.42 -.87 +19.1
NYVentY 41.55 -.92+20.4
Dodge & Cox
Bal 90.24 -.98+15.8
Income 12.41 ... +5.8
IntlStk 49.68 -.74+323
Stock 162.75 -2.62 +21.0
Excelsior
ValRestrA 58.99 -1.88 +27.1
Fidelity
AstMgr50 16.83 -.18 +15.1
Bal 20.91 -.34+19.6
BIChGrow 48.39 -.72+21.0
CapApr 30.33 -52+263
Capinc 8.95 -.09+132
Contra 71.66 -135+22.5
DiscEq 31.73 -.67+22.3
DivGrow 33.76 -.60+21.4
Divrlntl 41.80 -.75+31.5
EqInc 61.98 -1.34+24.1
Eqlnc II 24.99 -.45 +21.1
FF2040 10.05 -.18+23.6
Fidelity 39.16 -.79+24.3
Free2010 15.16 -.16+15.7
Free2020 16.26 -.23+19.8
Free2030 16.95 -.29+22.8
Govtinc 9.94 +.01 +5.0
GrowCo 77.55 -1.27 +26.6
Growlnc 32.91 -.71 +20.0
IntBond 10.13 +.01 +4.9
IntlDisc 4329 -.77+34.4
InvGrdBd 722 +.01 +5.0
LevCoSt 35.06 -1.04+35.8
LowPriStk 47.15 -1.06 +24.6
Magellan 95.27 -1.96 +23.5
MidCap 32.18 -.75+29.5
OTC -48.13 -.72+40.9
Overseas 52.22 -1.11 +35.7
Puritan 20.87 -.31 +17.7
Reallnv 32.57 -.72 +55
ShTmBond 8.77 ... +42
USBdlndx 10.71 +.01 +5.4
Value 89.33 -2.07 +26.1


NAME


12-MO
NAV CHG%RTN


Fidemly Spartan
5001ndxAd 104.84 -2.11 +22.1
5001ndxln 104.83 -2.12 +22.0
USEqlndxl 53.51-1.08+22.0
First Eagle
GIbA m 49.76 -.33 +22.0
OverseasA m 27.80 -.05 +23.6
FrankTemp-Franklin
CATFA m 724 -. +4.7
FedTFA m 11.94 ... +4.4
Income A m 2.71 -.03+16.1
Income C m 2.72 -.04 +15.4
IncomeAdv 2.69 -.04+15.9
RankTemp-Mutual
Discqv A m 34.32 -.35+31.0
Shares A m 28.03 -35+22.9
Shares Z 28.28 -.34+23.4
FrankTemp-Templeton
Fgn A m 15.47 -.15 +29.9
ForEqls 30.55 -.34+39.2
Growth A m 27.59 -.35 +23.9
Growth Ad 27.65 -.35+24.2
World A m 21.46 -.29 +27.3
Franklin Templeton
FndAIIA m 14.66 -.20 +20.4
Harbor
CapAplnst 35.73 -.65 +21.5
Intllnsti 71.77 -1.51 +39.6
Harford
AdvHLSIA 24.02 -.32+20.4
CapAprA m 42.82 -.92 +29.6
CpApHLSIA 59.05 -1.33+32.4
DvGrHLSIA 24.81 -.53 +25.6
JPMorgan
IntrAmerS 29.96 -.66 +20.5
Janus
Contrarian 19.70 -.31+42.4
Growinc 42.38 -.77 +23.3
Janus 31.19 -.56 +24.9
Overseas 55.35 -.64+57.0
Twenty 61.84 -1.35+27.4
John Hancock
ClsscValA m 28.60 -.66 +17.4
LifBal b 15.02 -20+17.3
LifGrl b 15.82 -.27 +20.8
JuliusBaer
IntlEqA b 49.36 -.79 +39.5
IntlEql 50.47 -.80+39.9
Legg Mason
Valuelnst 82.07 -1.78+18.4
ValuePr b 73.27 -1.59 +17.3
Longleaf Partners *
LongPart 38.68 -.58+28.2
Loomis Sayles
Bondl x 14.46 -.09+11.9
Lord Abbett
AffiliatA m 16.09 -.35 +17.7
MidCpValA m 24.37 -.48+27.7
MFS
TotRetA m 16.83 -.23+15.7
ValueA m 28.69 -.61+22.4
Masters'Select
SmallerCos 16.61 -.39+24.9
Morgan Stanley Instl
IntlEqA 22.64 -.30+25.9
Oakmark
Eqlncl 27.89 -.31 +15.6
Intll 27.54 -.43 +27.4
Oakmark I 48.29 -.90+22.1
Select I 34.73 -.77 +19.4
Oppenheimer
DevMktA m 52.03 -.94 +60.7
GlobA m 80.55 -1.21 +27.9
MainStrA m 43.98 -.85 +21.3
RocMuniA m 18.44 ... +5.8
RochNtlMu m 12.49 -.01 +5.9
StrlncA m 4.36 -.02 +11.9
PIMCO
ComRIRStI 14.13 -.02 +.9
LowDrs 9.83 ... +4.7
TotRetA m 10.18 ... +4.5
TotRetAdm b 10.18 ... +4.7
TotRetls 10.18 ... +4.9
Pioneer
GlobHiYA m 12.45 -.06+12.2
PioneerA m 51.72 -1.10 +21.2
Putnam
GrowlncA m 20.89 -.49 +19.5


12-MO
NAME NAV CHG%RTN
RiverSource
DivrEqlnA m 14.28 -.34+25.3
Schwab
YIdPlsSel 9.64 ... +5.3
Selected
AmerShS b 48.98 -1.07 +19.8
TRowe Price
BIChpGr 39.41 -.81+25.0
CapApprec 21.98 -.30+18.5
Eqlndex 40.54 -.81+21.7
Eqtylnc 31.Q7 -.66+22.0
GrowStk 34.76 -.61+26.5
IntlStk 18.61 -32+31.3
MidCapVa 27.68 -57+26.3
MidCpGr 62.63 -130+30.0
NewHoriz 35.16 -.77+21.0
Newlncome 8.78 ...+5.6
SmCpStk 35.96 -.82+16.7
Value 29.46 -.58+24.2
Third Avenue
Value 64.63 -.75 +21.5
Thomburg
IntlValA m 34.14 -.31+39.4
IWeedy Browne
GlobVal 34.79 -.26+28.9
Van Kampen
ComstockA m19.93 -.36+17.8
EqlncomeA m 9.46 -.14+15.2
GrowlncA m 23.28 -.50+19.2
Vanguard
500 139.27 -2.82+22.0
500Adml 139.28 -2.82 +22.1
AssetA 30.51 -.49+21.3
EmerMktld m 30.91 -.64+57.2
Energy 77.72 -2.48 +29.2
Europeldx 40.77 -.90+34.3
Explr 81.93 -1.91 +23.6
Extndldx 41.99 -1.03 +23.3
GNMA 10.01 .. +5.4
GNMAAdml 10.01 ... +5.5
GIbEq 26.45 -.58+33.1
Growthldx 32.62 -.53+24.7
HItCrAdml 64.17 -.51+10.8
HlthCare 151.98 -1.21 +10.7
Instldx 138.22 -2.80+22.1
InstPlus 138.23 -2.79+22.1
InstTBdld 49.58 +.02 +5.6
InstTStPI 32.89 -.69+22.6
IntlGr 27.15 -.51 +33.3
IntlVal 46.02 -.87+33.3
LifeCon 17.16 -.15+14.1
LifeGro 25.55 -.43+22.2
LifeMpd 21.40 -.28+18.1
MidCp 21.91 -.49+25.5
Morg 21.18 -.40+27.1
MulntAdml 13.12 ... +4.1
Pacificld 13.59 -.10+23.0
Prmcp 76.32 -1.23 +23.6
PrmcpAdml 79.27 -1.27 +23.8
STCor 10.53 +.01 +5.6
STGradeAd 10.53 +.01 +5.8
SmCapldx 34.97 -.93 +21.7
Star 22.10 -.27+18.0
StratgcEq 25.82 -.62 +22.8
TgtRe2015 13.25 -.17+17.8
Tgtet2025. 14.02 -.23+20.8
TotBdAdml 9.83 ... +5.7
TotBdld 9.83 ... +5.6
TotBdlnst 9.83 ...+5.8
Totlntl 20.22 -.36+34.7
TotStlAdm 36.48 -.76+22.5
TotStllns 36.49 -.76+22.5
TotStldx 36.48 -.76+22.4
Wellsl 22.07 -.20+11.1
Welltn 34.21 -.49+18.3
WelltnAdm 59.09 -.85+18.4
WndsllAdm 66.52 -1.44+22.5
Wndsr 19.85 -.45+25.4
WndsrAdml 66.97 -1.54+25.5
Wndsrll 37.47 -.81+22.3
Western Asset
CrPIBdlns 10.12 -.07 +5.4


INTERNATIONAL EDI l!ON WEDNESDAY, JULY 25. 2007 4B


THE MIAMI HERALD I MiamiHerald.com


PRIME FED
RATE FUNDS
YEST 8.25 5.23
PREV 8.25 5.25
WKAGO R825 5.24












Central Bank



issues warning



on e-mail scam


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

the Bahamas has
issued a warning to
the Bahamian pub-
lic not to give out any bank
account or other personal infor-
mation to senders of fake
'phishing' e-mails, one of which
claims falsely to be from the
bank's deputy governor.
In a notice placed on the
bank's website, officials said
solicitations via e-mail have
been issued which purport that
Michael Lightbourne, its deputy
governor, is offering to channel
unclaimed funds to persons who
submit their account informa-
tion.



WATER, from 1

water supplies in Exuma, as a
part of the IDB-funded Family
Islands project, it was estimated
that the land required would
cost $2 million, and most of that
would be subdivided land that
would have to be forcibly'
acquired."
Mr Neymour said that as
water demands grow, wellfields
have to be enlarged to meet
those needs, and in highly-
crowded places such as New
Providence this is becoming
impossible.
Mr Neymour also tabled a
November 27, 2005, letter in the
House of Assembly from the
former minister of works and
public utilities, Bradley Roberts,
to the then-Water and Sewer-
age chairman, seemingly
acknowledging that he had no
objection to a proposal to swap
land for the Perpall Tract well-
fields.
According to Mr Neymour,
the letter states: ".....your letter
of November 11th, 2005, has
come to hand. I have no objec-
tion to the proposal to swap
land at Tropical Gardens for
land at Perpall Tract subject to
valuation by independent
appraisals."
Mr Neymour referred back
to his budget communication
where he had said: "The previ-
ous Minister of Works and Util-
ities and Member of Parliament
for Grants Town approved the
swap of 8.63 acres of reclaimed
swamp land, in the vicinity of
the end of the runway at Nassau
International Airport, for 10
acres of Water & Sewerage
Corporation-owned prime land
in the Perpall Tract area. Who
was this deal made with? None
other than Arawak Homes.
"What is worse is that the
Water & Sewerage Corporation
has no need for this reclaimed
swamp land, other than to
ensure that it would not be
developed, nor impact the well
fields adjacent to the airport.
Further, this reclaimed swamp
land was designated by Civil
Aviation .as ."not to be used",
as it is needed for rain run-off
and drainage of the existing run-
way."


"The Central Bank wishes to
make clear that these solicita-
tions do not emanate from, and
are not connected in any way, to
Mr Lightbourne or the Central
Bank," the regulator said.
According to the e-mail
which is being circulated, Mr
Lightbourne is willing to give
participants 50 per cent of the
funds in multi-million dollar
accounts that have been
unclaimed and now reside with
the Central Bank.
This type of fraud is typical of
"phishing" scherhes, where
criminals create e-mails, logos
and websites that mimic those
of legitimate companies, in
order to entice personal infor-
mation from those who respond
by providing bank account
numbers and credit card details.
"Members of the public
should exercise due caution
when giving personal informa-
tion over the Internet, and
should verify the legitimacy of


any significant communication.
Any duch approach which rais-
es concern should be reported,"
the Central Bank said.
Recently, Tribune e-mail
accounts have been bombard-
ed by such requests, which tra-
ditionally are representing a
Nigerian or African bank
employee who claims that they
have funds which are in a sus-
pended account that can be
shared.
The latest ones received
include one from an European
lottery company, claiming that
the recipient has won an e-mail
random lotto promotional pro-
gramme, which they can claim if
,they reveal their full name,
address, country telephone, cell
phone, fax number and occu-
pation.
They also request that you
keep all information from the
public. Police have also warned
members of the public that
these types of e-mails are false.


A well-established merchandising company
is seeking the immediate service qf a

SALES REPRESENTATIVE,
PAINT DEPARTMENT

The ideal candidate must have the following
skills and experience:

Sound knowledge and experience with
paint and paint accessories
Self motivated
Good Communication skills
Committed to team work
Positive attitude
Customer service driven
Ability to work with minimum
supervision

Minimum Requirements:
Recent Police Record
Three (3) References

Salarn and benefits commensurates
with experience.

Interested persons should submit a current
resume and cover letter by fax to the Human
Resources Department. Fax Number
328-2067.

We appreciate all applicants interests; however,
only those under consideration nill be
contacted.


You are cordially invited to at end


an 18-hour Peace Meditation and Eucharistic Adoration;

hostedby

The CatholicArchdiocese ofNassau







6amto 12 1idi hI


..



t Francis X 6iuhdl"


West Hl Street Nassai




it's our dutyand responsibility as Chstians to" puontheh

armour of God" to cause a shift from the violence in aouriI a "


This powerful "Day ofPayer" will include the exposition of the B sacrament
w, Masses at 7amand 10:30pm, anda 10 minute guddmeditaionv lhr

the hour bekgiging at 8am.


omore information contact the Parish Office at 356-3008 or 9

or emailjaya.Hoydigmail.com






S,'Torourswk nItSdi wt qaf













j "'ALL ARE WtLCOA


The Bahamas Environment, Science
and Technology (BEST) Commission,
Office of The Prime Minister

is seeking persons with
Engineering, Botany, Marine Biology, Terrestrial
Ecology, and Urban Planning qualifications to fill
in-house consultancy positions.

Please contact The BEST Commission for more details at
The BEST Commission, Office of The Prime Minister

P.O. Box N-3730
Nassau Court, West Bay Street
Nassau, Bahamas
Tel: 242-322-4546 or 242-322-2576
Fax: 242-326-3509
Interested persons should apply in writing before July 30th, 2007. All applicants should be
available for interviews during the 3rd week of August 2007. All resumes should be submitted
with relevant documents and official school transcripts.


WEDNESDAY, JULY 25, 2007, PAGE 5B


THE TRIBUNE








PAGE 6B, WEDNESDAY, JULY 25, 2007


THE TRIBUNE


Bahamas down $25m on pre-2000 IBC gains


FROM page 1

the more robust second homes
market in the Bahamas, which
should increase the number of
IBCs used to hold real estate
assets," the Central Bank study
said.
The research found that the
incorporation process generated
almost $2,100 in value per IBC,
with annual maintenance fees
producing a further $1,100.
Most of these revenues, the
study said, went to the private
sector, the rest accruing to the
Government.
Incorporation fees generated
56 per cent of the private sec-
tor's annual revenues during the
period 1997-2000, compared to
21.9 per cent from 2003-2005


when IBC activities decreased
due to the Bahamas' new regu-
latory regime and subsequent
private sector adjustments.
Financial institutions, such as
banks and investment fund
managers, provided registered
offices and corporate services
to almost 18,000 IBCs in 2005, a
slight decline upon the 19,000
peak in 2001.
Meanwhile, financial and cor-
porate services providers pro-
vided services to just over
20,000 IBCs in 2005, the Central
Bank saying its findings showed
these Bahamas-based profes-
sionals "experienced the brunt
of the business fluctuations
which occurred during 2001 and
2005.
"Excluding the period of fluc-


NOTICE

NOTICE is hereby given that ENSI PRUDENT OF OLD FORT
BAY, P.O. BOX N-10478, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship,
for registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 25TH day of JULY, 2007 to the Minister responsible
for Nationality and Citizenship, P.O.Box N- 7147, Nassau,
Bahamas.



NOTICE

NOTICE is hereby given that MARILYN FAGAN OF NASSAU,
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization as a
citizen of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 25TH day of JULY, 2007 to the
Minister responsible for Nationality and Citizenship, P.O.Box
N- 7147, Nassau, Bahamas.




We will be

CLOSED
On Friday July 27th
To observe a well -deserved "Fun Day"


It


PREMIER




'-V^^^


We apologize for any inconvenience caused.


St. Alban's Drive
Tel: 242-322-8396
Fax: 242-323-7745
P.O. Box N-1085


East Bay & Mackey Sts
Bridge Plaza Connmons
Tel/fax: 242-393-4210
Toll Free: 242-300-7035


tuation, financial and corporate
services providers also experi-
enced a larger decline in the
total number of companies
managed between 2000 and
2005, as comparedto the reduc-
tion in business noted for finan-
cial institutions relative to a
2001 peak."
Private sector revenues from
the IBC industry peaked at
$57.669 million in 2000, some
$28.25 million coming from
incorporation work and a fur-
ther $29.419 million resulting
from annual registration and
renewal fees.
That amount almost halved
to $30.483 million in 2001, after
the Bahamas reformed its reg-
ulatory regime to escape the
Financial Action Task Force's


(FATF) 'blacklist'. Incorpora-
tion fees accruing to the private
sector slumped to $8.843 mil-
lion that year, less than a third
of what they had been in 2000.
Although total revenues
gained by the private sector
from IBC activities increased
to $52.418 million in 2002, they
have since hovered at $40 mil-
lion and below. Total revenues
were $39.677 million $41.432
million and $36.529 million in
2003,2004 and 2005 respective-
ly.
Active IBCs dropped from
43,738 in 2000 to 29,229 in 2001,
although this number recovered
to 50,830 in 2002, 40,136 in 2003
and 38,923 in 2005.
On the government side,
annual fees collected from the


NOTICE

NOTICE is hereby given that ALEXANDER BAIN OF
POLHEMUS STREET, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship,
for registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 25TH day of JULY, 2007 to the Minister responsible
for Nationality and Citizenship, P.O.Box N- 7147, Nassau,
Bahamas.



Legal Notice

NOTICE


GRAND MILLENNIUM LTD.

(In Voluntary Liquidation)


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






,,. i' -.-- ARGOSA CORP. INC. .
C . ..... i; .: ; . (Liquidator)



Legal Notice

NOTICE


FALCON'S FLAME LIMITED

(In Voluntary Liquidation)


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


IBC industry rose from $7.3 mil-
lion in 1997 to $18.1 million in
2000.
However, these earnings
dropped to $11.1 million in
2001, although they rebounded
to $19.2 million in 2002 due to
"a reinstatement of registrants
which had not paid fees for
2001". Average annual fees
were in the $15 million range
for 2003-2005, the Central Bank
study found.
The research indicated that
active IBC numbers peaked at
just below 44,000 in 2000, with
annual estimates since closer to
40,000 and a reduction in fee-
paying companies occurring
during 2Q05.
While some 134,595 compa-
nies had entered the Bahami-
an IBC register since 1989, the
Central Bank survey found that
the average life of a Bahamas-
domiciled IBC was seven years.
Data from the Registrar of
Companies showed that
between 2000-2003, only 1.5 per
cent of the IBCs removed from
the register switched to other
jurisdictions, with 7.5 per cent
voluntarily liquidated.
"Instead, the majority (91 per
cent) were struck off the Regis-
ter for 'other reasons', mainly
lapse in payment fees," the Cen-
tral Bank said. "The inferences
drawn from government rev-
enue trends are that during both
1997-2000 and 2003-2005, near-
ly one fifth (18.8 per cent and
19.7 per cent respectively) of
the companies on the Register
did not pay fees during the fol-
lowing year."
IBCs are supposed to pay
$300 for filing their Memoran-
dum of Association and $30 for
filing their Articles of Associa-


tion. An annual $350 renewal
registration fee for companies
with authorised share capital of
up to $50,000 must be paid, with
$1,000 paid by IBCs with a larg-
er share capital.
On the private sector side,
registered agents usually
charged $3,000 to incorporate
IBCs, with average annual
maintenance fees set around
$830. Bahamian banks charged
the highest fees, the Central
Bank study said, followed by
financial and corporate services
providers and investment fund
administrators.
The Central Bank survey
found that some 75.1 per cent of
IBCs were formed to act as
owners of financial assets, with
a further 18.6 per cent created
to act as holding vehicles for
real estate. Another 4.3 per cent
were incorporated to act as
investment funds, with 2 per
cent acting as operating com-
panies.
The Central Bank study
found that IBCs formed by
financial and corporate services
providers were used more to
hold assets, especially real
estate, and as structured vehi-
cles, while those incorporated
by banks and fund administra-
tors served more as investment
and operating vehicles.
Some 96.2 per cent of IBCs
were incorporated with share
capital of less than $50,000, with
2.2 per cent employing autho-
rised capital between $50,000
and $1 million, and the final 1.6
per cent with share capital
greater than $1 million.
Of those discontinued IBCs
in 2004, some 31.5 per cent of
those companies ceased to exist
due to insolvency.


Bank of The Bahamas
IW L I M I T E D



Notice is hereby given in accordance with Section 64 of the
Securities Industry Act, 1999 that Mr. Maxwell Gibson resigned
as Director from the board of Bank of The Bahamas Limited on
May 11, 2007






NOTICE

NOTICE is hereby given that ALBERTO AUGUSTIN of 14 B
TASMIN CIRCLE, FREEPORT, GRAND BAHAMA, BAHAMAS
is applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason why
registration/ naturalization should not be granted, should send a
written and signed statement of the facts within twenty-eight days
from the 25th day of July, 2007 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.




NOTICE

NOTICE is hereby given that ANESCHKA LORRAINE
GARLAND of #145 REDWOOD LANE, P.O. BOX F-43796,
FREEPORT, GRAND BAHAMA, BAHAMAS is applying to
the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 18th day of July, 2007 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.







The Anglican Central Education Authority invites
applications from qualified individuals for the position
of PRINCIPAL, St. John's College, beginning
September, 2007.

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

Only qualified applicants need apply.

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

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

THE DIRECTOR OF EDUCATION
ANGLICAN CENTRAL EDUCATION AUTHORITY
P.O. BOX N-656
NASSAU, BAHAMAS

The deadline for Application is Friday, August 3, 2007.


ARGOSA CORP. INC.
(Liquidator)


BISE mw C
C I A L-
Pricing Information As Of:
Monday, 23 July 2007
n. ;i "..y 2ISX LISTED &T .i: iBW. .ViSI.WWW.BISXBAHAMAS.COM POR MORE DATA & INFORMATION
.' 'aIBx :.. ALL S.Ftai I K838S.S'3/ CHG 04 02 1 %CHG 00.22 / YTD 161.84 / YTD % 09.66
52K-Hi, 52mk-Lo, Securil y Previous Close Toaav j Close Change Da.1, :.1 EPS5 D.. I P E .iil
1 63 0 5.1 ,taco t.larketl 1 66 1 66 0 O0 0 600 )00 ,) N 0 i: :
12.05 11.00 Bahamas Property Fund 11.60 11.60 0.00 1.527 0.400 7.6 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%
3.65 1.48 Bahamas Waste 3.65 3.65 0.00 0.279 0.060 13.1 1.64%
1.49, 1.20 Fidelity Bank 1.48 1.48 0.00 0.064 0.020 23.1 1.35%
10.75 9.00 Cable Bahamas 10.60 10.75 0.15 1,300 0.949 0.240 11.2 2.26%
2.35 1.80 Cdlina Holdings 2.35 2.35 0.00 0.281 0.080 8.4 3.40%
15.10 10.60 Commonwealth Bank 15.10 15.10 0.00 1,000 1.152 0.680 13.1 4.50%
6.32 4.34 Consolidated Water BDRs 5.90 5.90 0.00 0.112 0.050 53.0 0.84%
2.76 2.20 Doctor's Hospital 2.31 2.31 0.00 0.281 0.000 8.2 0.00%
6.40 5.54 Famguard 6.20 6.20 0.00 2,500, 0.694 0.240 8.9 3.87%
12.70 11.50 Finco 12.70 12.70 0.00 0.787 0.570 16.1 4.49%
14.70 12.80 FirstCaribbean 14.61 14.65 0.04 1,000 0.977 0.470 14.6 3.22%
20.01 11.15 Focol 20.00 20.00 0.00 1.657 0.520 12.1 2.60%
1.00 0.54 Freeport Concrete 0.64 0.64 0.00 0.415 0.000 1.5 0.00%
8.65 7.10 ICD Utilities 7.25 7.25 0.00 0.411 0.200 17.6 2.76%
9.90 8.52 J. S. Johnson 9.90 9.90 0.00 0.946 0.580 10.5 5.86%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
: ,..;:'i.:?.~~lift Dy Over-The-Counter Securities
52hk-Hi 52,k.Low Symbol Bid $ Ask $ Last Price Woeek .'Vol EFPS i DE,... $ PE E y
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) 6.00 6.25 10.00 0.000 0.640 NM 7.85%
0.54 0.20 RND Holdings 0.35 0.40 0.20 0.034 0.000 11.8 0.00%
R-..: :- 9dF ; B e0 -The-Counter Securties
43.00 28.00 ABDAB 41.00 43.00 41.00 2.220 0.000 19.4 0.00%
14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.234 1.125 12.6 7.71%
0.60 0.35 RND Holdings 0.45 0.55 0.45 0.021 0.000 26.2 0.00%
"52 k H = 52',c-.LO, Funa Name NA VTD' L .I 1. 1.1,:,.-.Ir., 0.. I Yiela :
1.3476 1.2983 Colina Money Market Fund 1.347598*
3.2920 2.9218 Fidelity Bahamas G & I Fund 3.2920***
2.7399 2.4415 Colina MSI Preferred Fund 2.739935"*
1.2576 1.1820 Colina Bond Fund 1.257576**""
11.6049 11.0691 Fidelity Prime Income Fund 11.6049****
t'-" C B~ ~C~~iCaLIOSE 829.51 / YTD 11.78% / 2006 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 pnce of Colina and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask $ -Selling price of Colina and fidelity 13 July 2007
Previous Close Previous day's weighted price for dally volume Last Price Last traded over-the-counter price
Today's Close Current day's weighted price for dally volume Weekly Vol. Trading volume of the prior week 30 June 2007
Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths
Daily Vol Number of total shares traded today NAV Net Asset Value "* 31 May 2007
DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful
P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1. 1994 = 100 "" 30 June 2007
*" 30 June 2007
i2Q ,."..'; T,'A m CALL: .C ^IJ. A S. .L t S4a-368-8774 / FOR MORE DATA, INFQRMATIQN CALL (,42) 394-2603


~ i


'











CFI THE COLLEGE OF THE BAHAMAS


Visit our website at www.cob.edu.bs


EDUCATING & TRAINS BAHAMIANS


The College/University Of The Bahamas



Job Description: Director of Campus Life


Position Purpose
The Director of Campus Life develops designs and implements a range
of services to promote the social, cultural, fitness and recreational needs
of students at a College/University. These services include such functional
areas as: advising student government and other student organizations;
co-curricular activities which enhance students' practical and community-
service experience; activities which develop students' awareness and
appreciation of multi-cultural social conditions; activities which develop
students' leadership skills; and activities which support students' physical
fitness and recreational needs
Supervisory and Other Relationships
The Director of Campus Life works under the direction of the Vice
President Student Affairs.
The position is required to have extensive cooperative and collaborative
relationships with faculty, students, staff, the general public and with
professionals in peer organizations. The incumbent is expected to
represent the College/University in a positive manner and to collaborate
with academic and student services departments to contribute to retention
of students.
Major Accountabilities
The Director of Campus Life is accountable for providing services
conducive to positive experiences and development of students at the
College/University through effective performance in these essential
functional areas:
* Program planning and development
* Service delivery
* Development and supervision of staff
* Budget and fiscal management

Examples of Essential Duties and Accountabilities

The following examples of ,duties and accountabilities illustrate the
general of tasks assigned to the position but are not intended to define
the limits of required duties. Other essential duties may be assigned
consistent with the general scope of the position.

A. Program planning and development:
The Director of Student Activities is accountable for developing
programs which contribute to the retention of students and to
enhancing their social and academic experiences at the
College/University. The accountability includes such essential tasks
as:

1. Assessing the social, cultural and recreational needs of the
College/University's students;

2. Developing programs, strategies, events and activities to meet the
developmental, leadership training and recreational needs of the
College/University's students;

3. Reviewing and evaluating student activities and services to assess
their effectiveness and making needed changes;

4. Planning and implementation of Student and Parent orientation
programmes and activities.

B. Service delivery:

The Director of Campus Life Activities is accountable for the effective
functioning of assigned student services by directing and participating
in their delivery. The accountability includes (when assigned) such
essential tasks as:

1. Performing and supervising advisement to student organizations;
2. Supervising or arranging for supervision of events, training and
conferences to develop awareness and sensitivity to diverse
cultures including their publicity.
3. Supervising and participating in events and activities for enhancing
socialization, volunteerism and participating opportunities;
4. Supervising and participating in programs and recreational
activities;

C. Development and supervision of staff:

The Director of Campus Life is accountable for providing an appropriately
qualified student activities staff and for assuring their effective
performance. This accountability includes such essential tasks as:

1. Recruiting and recommending appropriate qualified staff for the
College/University's student activities function within the constraints
of fiscal and compensation policy;

2. Providing for training and development of assigned staff to assure
their current and continuing competencies in their respective fields;


3. Providing leadership and direction to assigned staff;

4. Reviewing and evaluating performance of assigned staff, providing
guidance and coaching where needed, and conducting constructive
performance reviews with staff;

5. In collaboration with the College/University Human Resources
Director, providing fair and effective administration of
College/University human resources and labour policies.

D. Budget and fiscal management:

The Director of Campus Life is accountable for management of
financial resources and for the value of services achieved with
investments in equipment, system and human resources. This
accountability includes such essential tasks as:

1. Analyzing the resources needed to fulfil the organizational units
,service obligations including development of cost and benefits
analyses and forecasts of student services requirements;

2. Preparing fiscally sound budgets including rationales for expected
results to be achieved from expenditures;

3. Monitoring expenditures compared to budgets and initiating needed
corrective action.

Professional Participation and Development

In addition to the accountabilities listed above, the position is required
to carry out the essential duties of:

Attendance and participation at convocation and commencement
ceremonies;

Service on assigned committees and task forces;
Attendance and participation at committee, staff, informational
and professional meetings.

These may involve attendance at evening or weekend events.
The incumbent is required to maintain currency in the position's required
fields of professional expertise and competencies including required
computer skills and others bodies of knowledge required for job
proficiency.

The incumbent is required to maintain complete confidentiality of student
records and other materials of a confidential nature.

Qualifications

Incumbents are required to have demonstrated advanced knowledge
and abilities in the following areas:
Advisement ofstudent organizations;
* Student activities including recreational activities and those orientated
toward providing for enhancement of students' cultural and leadership
experience;
* Strong information technology literacy skills;
* Supervising human resources;
* Developing and managing operating budgets and plans
* Effective oral and written communications
These skills and abilities typically are acquired through combination of
education, training and experience which may include a Bachelor or
Master's degree in an appropriately related field together with from two
to five years of experience in a related field; or a combination of education,
training and experience which would lead to the competencies required
for successful performance of the position's essential duties.
While a Bachelor's Degree is acceptable, a Master's degree in Higher
Education or related field is preferred.
Work Environment
Incumbents typically perform their work in offices, students centers and
athletics facilities. The work does not normally, involve significant
physical effort. However, incumbents may actively participate in physical
fitness and athletic training and they may accompany students on field
trips. Incumbents also may travel to regional or international meetings
and conferences.
The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. O. Box N-4912
Nassau, Bahamas
Deadline 27th July, 2007

Please visit the College's website for more information about the
institution and to access the College's Employment Application Form.


=Mod


WEDNESDAY, JULY 25, 2007 PAGE 7B


THE TRIBUNE







PAGE 8B, WEDNESDAY, JULY 25, 2007 THE TRIBUNE


FROM page 1

Meanwhile, he claimed that
BEC had absorbed higher Cus-
toms Duties and continued
increases in the price of oil on
the international market, which
were not passed on to the con-
sumer.
"The ultimate impact of all
of these factors is that, rather
than making a profit in the last
financial year, BEC posted an


overall deficit of $1.9 million.
It is projected that there will be
further losses registered at the
end of this financial year," Mr
Neymour said.
He added that a tariff study
initiated under the PLP gov-
ernment had just been com-
pleted, with one of the options
being to do nothing. However
he claimed that would only
result in further financial losses
for BEC in the coming years.


Pelican Bay at Lucaya is seeking to employ an:


Experienced Chief Accountant/

Senior Accountant

Responsibilities:


Preparation of daily and monthly work papers related hotel
activity
Provide support for the Accounts Receivable and Payable
functions
Assist in the preparation of monthly financial statements and
budgets


Qualifications


Ability to multi task to meet various deadlines
Strong PC skill
Knowledge of Quickbooks accounting system
Knowledge of Hotel Information Systems/Epitome is a plus
Ability to research and work independently
Must be a team player
BS in Accounting anda minimum of 3 years of accounting
experience which should include financial statement
preparation.


Deadline is August 8th, 2007.


Kindly fax resumes
Manager at 362-4793


to the Human Resource


"These losses will continue
to grow, and are estimated to
reach the level of $38 million in
the 2008-2009 fiscal year," Mr
Neymour said.
He added that BEC must be
able to operate and carry out
its mandate without the Gov-
ernment having to guarantee its
finances, as it has to do with
Bahamasair or the Water and
Sewerage Corporation.
But in response, former
works and public utilities min-
ister Bradley Roberts told Tri-
bune Business that this was the
second time that Mr Neymour
had sought to incorrectly attack
him.
Mr Roberts stressed that the
decision on the BEC tariff
reduction came not from him-
self or the Government, but
BEC's management and then-
Board, which submitted the
proposal in a presentation to
Cabinet.
"It was not Bradley Roberts'
viewpoint," Mr- Roberts
stressed.
Mr Neymour pledged that the
FNM would restore BEC's
finances, something that would
not be solely achieved through
increased monthly rates.
Rather, he said the Govern-
ment must be creative and com-
mitted to its manifesto pledge of
seeking alternative energy
sources.
"We must review the formu-
la for the application of fuel sur-
charges on electrical billings as
promised in the Speech from
the Throne," Mr Neymour said.
"We must return to sound
business principles in the man-
agement of BEC. We, as a car-
ing Government, must not look
only at increasing electricity
rates when we have a financial
loss at the end of the fiscal year.
We must also look at minimis-
ing some of our unnecessary
expenses, improving our effi-
ciency and improving our most
precious resource our staff,
our people."


ol Atlantic Medical


Atlantic Medical Insurance Limited (AMI), a subsidiary of Colonial Group
International Limited (CGI) headquartered in Bermuda, is seeking anAccount
Representative.

CGI, with offices in Bermuda, the Bahamas, the Cayman Islands, and the
British Virgin Islands, offers a complete range of premier financial and
insurance services to both local and international clients. This is .an
opportunity to be a part of a rapidly growing innovative company, focusing
on providing clients with first class service and access to competitive
products.

Reporting to the Sr. Account Executive, the position of Account
Representative will be a motivated individual responsible for marketing
and promoting a range of group health products in a demanding and rapidly
expanding environment. Other duties will include but not be limited to:

Liaising and building relationships with a range of stakeholders eg. clients
and brokers.
Monitoring competitor activity.
Contributing to long-term marketing plans and strategies.

It is essential that applicants possess the following qualifications,
experience and attributes:

Bachelors Degree (Business Administration, Marketing, Management,
Communications or Education)
Experience in undertaking presentations and public speaking.
Proven communication (verbal and written) and organizational skills.
Strong numerical skills.
Proficiency in MS Word, Excel, and e-mail software.
Ability to work under pressure, multi-task and meet deadlines.

Compensation for the successful candidate will be attractive and linked
to performance. AMI offers an attractive benefits package that includes
comprehensive medical insurance, contributory pension plan, life, and long
term disability coverage.

If you have a keen commitment to quality results and want to contribute
your talents to a dynamic company, contact us about this opportunity.
Applications will be treated in the strictest confidence and should be made
in writing to:

Atlantic Medical Insurance
Attn: Human Resources
PO Box SS 5915
Nassau, Bahamas

Closing Date for applications is August 20 2007.


Looking for:



Manager/Systems Engineer




Qualifications Required:


College Degree
A+ and Network Certifications
At least 7 years experience with repairing
and troubleshooting computers & networks
Good Supervisory Skills
Excellent Customer Service
Aggressive and Effective Marketing Skills






Fax or email your resume to:


Candice Albury
Office Assistant/Training Coordinator
Lignum Technologies (Bahamas) Ltd.
Email:candice@lignumtech.com
Fax: 394-4971


Commonwealth Brewery Ltd is seeking to hire
a the following:

*Packaging Manager. Applicant
should possess a Bachelors degree in
Engineering or Bio-Chemistry or Physics
with at least five years experience
managing a packaging line.

Blender. Applicant should possess a
diploma in brewing and distilling with
a minimum of five years experience in a
middle management position.

Warehouse Administrator.Applicant
should possess at least three years
warehouse experience.

Each applicant must have the ability to
manage people effectively and be proficient in
Microsoft Word and Excel. The ideal candidate
musthave good written and oral communication
skills, should be a self motivated person who
takes initiative.


Basic rate cuts




cost BEC $55m


=Mimi


THE TRIBUNE


PAGE 8B, WEDNESDAY, JULY 25, 2007




THE TRIBUNE BUSINESS


WEDNESDAY, JULY 25, 2007, PAGE 9B


,~ iiiIP P~









PAGEbE, EDNEDAYJUL 25,2007TRIBNEOSORT
*0_


Swimmers see

the sights after

competition
FROM page one

bourne have already left,
the remainder of the swim
team is making plans to
head out today.
"We're going to get
ready for another meet in
August, but we have a lot
of work to get ready for
next year," she pointed
out. "So we will see what
happens after this."
Dillette said the swim-
mers have really enjoyed
themselves in the after-
math of the competition
and now they are just try-
ing to get in as much of
the competition as they
can, including bowling,
tennis and track and field.



Bowlers

avoid last

place in

doubles
FROM page one

field that is here."
Coach agreed that
the performances
"could have been a lit-
tle more better. They
were bowling quite
nicely, but unfortunate-
ly they can't blame the
lanes on how they per-
formed. Hopefully
their singles will be a
lot better."
The women's team of
rookie Justina Sturrup
(1830) and veteran
Marie Sealy (1999) fin-
ished at the bottom of
the pile with 3829 pin
falls. The USA took
the gold with 5356, fol-
lowed by Puerto Rico
with the silver with
4969 and Mexico with
the bronze with 4935.
Although this is her
first major internation-
al meet, Sturrup said
it's been a great experi-
ence, but she admitted
that she felt nerves as
she tried to get adjust-
ed to the lanes.
As she looks ahead to
the finals, she noted: "I
want to step up my
game and at least
medal. I came to repre-
sent the country, so
hopefully I can step up
my game."
Sealy, however, said
they started off a little
shaky and as they con-
tinued to play, they got
better, so "I'm looking
for some great things in
singles. Just wait and
see."
Monique Leary, man-
ager and Bahamas Fed-
eration of Amateur
Bowlers, said the
bowlers have now set-
tled in and, having
adapted, they will be
back to play with a new
perspective in singles.
Over at the Marapen-
di Club, Devin
Mullings was scheduled
to play his second
round tennis singles
against Chile's No.12
seed Jorge Aguilar. But
rain during the day
postponed the match
until today.
Mullings and Marvin
Rolle are then sched-
uled to play their first
round doubles against
Victor Estrella and
Johnson Garcia of the
Dominican Republic.
And at the Maria da
Gloria, the sailing team
managed to only get in
one more race.


While the team of
skipper Robert Dunk-
ley and Lori Lowe were
eighth in the Snipe -
double-handed dinghy
- Jimmy Lowe came in
llth in the Sunfish -
single-handed dinghy.
The sailors were
scheduled to have the
day off today, but they
will have to compete in
two races each to make
up for Sunday's racing
that was called off
because of the windy
conditions.


New


form with 23


* SOFTBALL
By RENALDO DORSETT
Sports Reporter
THE New Breed continued their
rise to the top of the standings in this
young season of the New Providence
Softball Association.
The former cellar-dwellars, now
turned dominant league leaders,
recorded their third consecutive vic-
tory to improve their win loss record
to 3-0.
The New Breed dismantled the
King's Real Estate Pros, 23-2, by far
the highest run total by any team so
far this season.
The Pros losing pitcher, Culbert
Evans was overwhelmed and ineffec-
tive throughout the game, as the New
Breed scored at least five runs in each
inning before the game was stopped in
the fourth.
The Pros scored their only two runs
of the game in the bottom of the sec-
ond inning.
New Breed lit up Evans for five
runs in the second, another five in the
third, and exploded for eight runs in


New Providence Softball


Association season heats


the fourth and final inning.
Their 23 runs came off 19 hits, en
route to the 21 run blowout victory.
Offensively for the New Breed, a
number of their hot bats hit 1.000
from the field.
Alcot Forbes had a stellar night at
the plate when he went 4-4, which
included a home run, and two RBI.
He also scored four runs.
Richard Bain was also perfect at
the plate going 3-3, scoring three runs
and hitting four RBI.
Sherman Ferguson was another hit-
ter who went 3-3, scored four runs
and a whopping six RBI.
For the dismal Pros, Angelo Dillet
went 1-2.
In the ladies matchup, the Proper
Care Pool Lady Sharks won a nail-


biter against the BTC Unte
17-16, to improve their rec
Both high-powered offe
potent throughout the gamn
er a late rally by the Unt
was not enough to out
Sharks.
The Untouchables seem
their way to recording the
of the season.
After falling behind 3-0 e
first inning, the Untouchal
4-3 lead after the second
lead they maintained unt
enth.
The increased their le
largest of the game, with
heading into the sixth, ho
Sharks picked up the sla
within one run, ensuring tht


Bahamas hosts major



women's soccer event


* SOCCER
By RENALDO DORSETT
Sports Reporter'
THE Blue Hills Complex will be
the site of the top competition in
youth soccer in the Caribbean this
week.
The Caribbean Football Union's
women's under 20 qualifying tour-
nament, will begin this afternoon
at the Bahamas Football Associa-
tion National Centre for Football
Development.
Other teams competing in the
five day tournament include Haiti
and Jamaica.
. The Bahamas will take on Haiti
in the opening match of the com-
petition at 5:00pm.
Haiti and Jamaica will then face
each other Friday, July 27, also at


5:00pm.
The final day of competition will
be Sunday July 29, at 4:00pm when
the Bahamas faces Jamaica.
The team is compromised of play-
ers from New Providence and
Grand Bahama.
The Technical Department of the
Bahamas Football Association con-
firmed the names of the teams as
follows:

Goalkeepers
Sherma McDonald
D'Nae Capron

Defenders
Constentina Hamilton
Tremaine Simmons
Caroline Kiriaze
Andrecia Saunders


Kiana Baldwin
Whitney Turnquest

Midfielders
Cherlinda Thompson
Dwiiessa Pratt
Simone Stubbs
Kellie Simons
Sasha Hamilton-Miller

Forwards
Nakesha Rolle
Shagerra Edgecombe
Allanah Vellecort
Megan Lockhart
Christina Deveaux

Coach
Vandyke Bethel


-2 win

ables took only a 9-8 lead into the
seventh inning.
The momentum shifted in the sev-
enth inning when the Sharks
up outscored the Untouchables' seven
runs to six, to tie the score at 15 and
force extra innings.
The Sharks scored two runs in the
top of the eight inning to get the win
ouchables, as the Untouchables could not ade-
ord to 3-0. quately respond, posting just one.
nces were Offensively for the Sharks, Thelia
ie, howev- Johnson had a perfect day at the plate
ouchables as she went 5-5, including one home
score the run, scored four runs, and collected
five RBI.
ed well on Debbie McClure went 2-3, scored
ir first win twice, collected two RBI and Keisha
Pratt went 2-5, scored three runs and
early in the had one RBI.
bles took a For the Untouchables, Shervette
Sinning, a Taylor went 2-5, including one home
il the sev- run, with one run and four,RBI.
Candice Smith went 1-2, scored four
ad to the runs and one RBI.
a 9-4 lead Play continues in the NPSA tonight
)wever the with one game on the schedule, the
ck to stay Price Waterhouse Stingrays against
e Untouch- the first place New Breed at 8:00 pm.


* CRICKET

ON SUNDAY, Dockendale Titans played
St. Agnes in a league cricket clash.
Dockendale, batting first, scored a total of
268 runs. lan Surujial with 78 runs and
Narendra Ekanayake with 90 were the top
batsmen for the Titans.
Bowling for St. Agnes, Hesketh Dean
took three wickets and Ricardo McCullum
took four wickets.
St. Agnes were bowled out for 101 runs,
losing the match by 167. Ricardo McCul-
lum was top scorer for St. Agnes, scoring 32
runs. Narenda Ekanayake took four wickets
and Shanaka Perera two.
T-Bird Flyers are the league's leading
team with three wins ard no losses. Castrol
Commonwealth are 2-0, Dynasty Stars 2-1
and Dockendale Titans are 2- 1.
League cricket continues at Haynes Oval
this Saturday and Sunday.
Last Saturday's cricket match between
Scotia Bank Paradise and Castrol Com-
monwealth was postponed due to the death
of a former player of the Paradise Team.


Barcelona prepare for pre-season matches in Scotland


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Breed hit top


TRIBUNE SPORTS


PAGE 10E, WEDNESDAY, JULY 25, 2007


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TRIN S


West Ham

served with

High Court

writ over

Tevez dispute

SOCCER
LONDON
Associated Press
THE Carlos Tevez
transfer saga is heading to
Britain's High Court,
West Ham was served
with a High Court writ
from Tevez's adviser Kia
Joorabchian on Tuesday
the same day that FIFA
recommended the dis-
pute be settled by the
Court of Arbitration for
Sport.
Tevez wants to move to
Manchester United, and
Joorabchian, who owns
the striker's economic
rights, has organized the
transfer. But West Ham
won't release Tevez's
Premier League registra-
tion because it has not
taken any part in the
deal,
England's Football
Association had wanted
world soccer's governing
body to help, but FIFA
said West Ham and
Tevez should seek arbi-
tration at (he Swiss-based
CAS, world sport's high-
est court,.
"This was deemed to
be the bestapproach in
the interest, of all par-
ties," FIFAspokesman
Andreas Herren said, "It
is also believed to be the
fastest way to solve the
dispute."
Joorabchian disagreed.
Through bis companies
MSI Group and Just
Sports Inc., he began
legal proceedings,
Solicitor Graham Shear
said Joorabchian sought
"the court's intervention
to compel West Ham to
release the registration of
Carlos Tevez in accor-
dance with contracts
entered into between the
parties,"
"We are asking the
court to intervene so that
Carlos Tevez can be reg-
istered to play with Man-
chester United as.soon as
possible," Shear added in
a statement,
Joorabehian engi-
neered the transfer of
Tevez and his Argentina
teammate Javier
Mascherano to West
Ham from Brazilian club
4 Corinthians.
SThe Premier League
investigated the transfers
in April and found they
broke the rules on third-
party ownership, with an
independent tribunal fin-
ing West Ham 5.5 million
pounds (US$10.9 mil-
lion),
Mascherano moved to
Liverpool in January on a
Premier League-
approved contract, West
Ham said it rewrote
Tevez's contract after the
fine and has a four-year
deal with the striker.
Joorabchian believes
Tevez has a one-year
contract with escape
clauses.
The Premier League
also wants West Ham to
be entitled to any transfer
fee, not Joorabchian,
All parties want the
issue resolved before the
transfer window closes on
Aug. 31.


Share

your
news
The Tribune wants to hear
from people who are
making news in their
neighborhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award,
If so, call us on 322-1986
and share your story.
,2


Vinokourov tests positive





for a blood transfusion


* CYCLING
PAU, France
Associated Press
CYCLING fans loved the
rider they called Vino. And
he loved to deliver results -
just not the type that came out
of a laboratory on Tuesday
and ended his Tour de France
and possibly his racing career.
Alexandre Vinokourov was
a pre-race favorite who excit-
ed Tour fans by rebounding
from a bad crash in the fifth
stage to stay in contention
until last Sunday's 14th stage.
Then he won Monday's stage
as consolation but on Tues-
day a rest day came news
he tested positive for a blood
transfusion after winning last
Saturday's time trial.
His B sample is expected by
the. end of the week, coincid-
ing with the end of another
tainted Tour,
Astana suspended the Kaza-
kh rider and also withdrew its
team from the tour, ending
the chances of its best-placed
rider, Andreas Kloeden, who
was lying fifth. Vinokourov
was 23rd,
"Alexandre denies having
manipulated his blood,"
stunned Astana manager
Marc Biver said, adding that
Vinokourov believes the
"blood anomalies in his body"
may have resulted from the
crash.
During the fifth stage on
July 12 from Chablis to
Autun, Vinokourov fell and
hurt his knees so badly that
he needed at least 30 stitches.
He refused to pull out and
slogged up the Alps even
though he was bleeding time
to his rivals.
Biver spoke then of his star
in glowing terms.
"He'll go to his limit and
will die on the bike if he has
to," Biver said. "He'll do
everything to stay in the
Tour."
Those words sounded
prophetic after news of the
positive test.
On the eve of this year's
Tour, international cycling
chief Pat McQuaid questioned
Vinokourov's relationship
with Italian doctor Michele
Ferrari, saying it damaged the
sport's credibility as it tries to
repair its tarnished image.
Vinokourov, who was third
on the 2003 Tour and fifth in
2005, replied that he used Fer-
rari only as a physical trainer
and not for medical purposes,
"It might very well be an
innocent training relationship.


I have to accept what he says,"
McQuaid said on July 6. "To
try and reclaim the credibility
of the sport, it would be better
if he did not work with him.
No matter what victories
Vinokourov has, people will
question them because of his
relationship with Ferrari."
Last year. Ferrari was
cleared by an Italian appeals
court of distributing health-
threatening doping products
to athletes. He has always
denied he dispensed illegal
substances.
Biver defended his rider in
ambiguous terms, despite
McQuaid's concerns that
Vinokouro\ as working with
someone outside the team.
"We have an ethics code
which is clear; It stipulates that
the athlete does not have the
right to consult a doctor out-
side the team," Biver said,
"Michele Ferrari is not the
doctor of Alexandre Vinok-
ourov, but is his trainer,"
On Saturday, Vinokourov
blew away the field with a
remarkable performance on a
54-kilometer (34-mile) time
trial around Albi. He was 1:14
in front of second-place Cadel
Evans of Australia, and 1;39
ahead of Kloeden.
After winning the clock
race, Vinokourov was just
over five minutes behind race
leader Michael Rasmussen
with three Pyrenees stages


ABOVE RIGHT: Jamaica's Kemmar Daley jumps during a
Pan American Games men's soccer semifinal match against Mex-
ico in Rio de Janeiro, on Tuesday July 24,2007.
ABOVE: Mexico's goalkeeper Sergio Arias fails to stop
the ball in the last penalty kicked by Jamaica's Norman Bailey,
Jamaica won 5-4 on penalties after a 0-0 draw.
(AP Photos/Jorge Saenz)


ALEXANDRE Vinokourov of Kazakhstan pedals in the last meters of the 13th stage of the 94th
Tour de France cycling race, a 54-kilometer (33,55-mile) individual time trial loop from Albi to
Albi, southern France, in this July 21, 2007 file photo, Vinokourov tested positive for a banned
blood transfusion after winning last weekend's time trial, the French sports daily L'Equipe reported
on its Web site Tuesday, July 24,2007. The newspaper said the test took place after the Kazakh rid-
er's victory in the 13th stage time trial on July 21. Team Astana said Tuesday rider Alexandre
Vinokourov tested positive for a blood transfusion at the Tour de France and the team is pulling out
of the race.


ahead and promised to
attack.
But the next day Vinok-
ourov fell apart on the Port
de Pailheres, losing 28:50 to
Rasmussen and dropping to
30th place and out of con-
tention,
With his Tour resembling a


heart monitor reading, Vinok-
ourov recovered overnight
and attacked .early in Mon-
day's 15th stage from Foix to
Loudenvielle-Le Louron
for his fifth career Tour stage
win, earning more glowing
tributes.
L'Equipe splashed "Vino's


(AP Photo/Bas Czerwinski, file)

Courage" on its front page on
Tuesday, while inside the
French sports daily Vinok-
ourov spoke of how he
"inspires respect" from other
riders,
Hours later, his Tour
dreams were over, and the
respect from his fans.


S.., -, ,ou7, PAGE 11E


TRIBUNE SPORTS









WEDNESDAY, JULY 25, 2007


SECTION


Fax: (242) 328-2398
E-Mail: sports@100jamz.com MIAMI HERALD SPORTS


I SWIMMING
By BRENT STUBBS
Senior Sports
Reporter
bstubbs@
tribunemedla.net.
RIO de Janeiro; In the
aftermath of their hectic
schedule that concluded
on Sunday, the Bahamas
swimming team have
been taking advantage of
the sights of the city while
doing a little bit of shop-
ping.
Yesterday as Vereance
Burrows, Jenna Chaplin
and Chris Vythoulkas
stopped in at the Barra'
Bowling, along with team
manager Kathryn Dillette
to view a little of the
Bahamian team in action,
they all talked about their
experiences here before
they start preparing to
return home today.
"Right now I'm cur-
rently training for the
World University Games
in a couple of weeks, so
I've been going to the
pool and doing a little bit
of workout," said Bur-
rows, who along with
Alana Dillette and Nikia
Deveaux will be repre-
senting the Bahamas at
the 24th version of the
games in Bangkok, Thai-
land from August 8-18,
A 17th place finisher in
the men's 50 metre
freestyle preliminaries,
just missing the cut of 16
to advance to the semifi-
nal on Friday, Burrows
said he's just glad that the
stress of the meet is final-
ly over.
"I hope to swim my
best times because I'm
going to be swimming
against some of the best
competitors in the
world," he projected. "So
hopefully I will not just be
a competitor."
Chaplin, who -had a pair
of good swims in the
women's 400 and 800
metres freestyle as well as
a member of the 4 x 200
free relay, said she had an
opportunity to go back to
the games village, relax
and eat before they went
on a tour of Rio,
"That was really good,
to get out of the village
and see some of the city.
We went to Copacabana
Beach (on Monday) and
it was really nice to get to
the beach and we went to
see Christ the Redeemer
statue, so that was also
S ice."
When she returns home
today, Chaplin said she
will take a week off to
relax with her family
before they head off for
vacation in Canada.
For Vythoulkas, who-
only swam in the men's
100 back on Friday, it was
also a grand time seeing
the sights, so they could
relax and enjay them-
selves.
"After this, I'm going to
go back to Florida and do
some more training and
hopefully get ready for
Beijing," said Vythoulkas,
who will start his prepara-
tion for the 2008 Olympic
Games in Beijing, China
next week in Port St,.
Lucie.
V vthoulkas said at least
e can say that he got a
ance to visit Rifo. He
sid he has a lot olphotos
remind him of his trip
re, although he would
ve liked to have made
back for another swim
the 100 back.
Manager Dillette said
while Deveaux and sisters
Teisha and Alicia Light-


SEE page 10E


inal sho


* TRACK AND FIELD
By BRENT STUBBS
Senior Sports Reporter
bstubbs@
tribynemedia.net
RIO de Janeiro: Finally it's
going to happen,
National champion Chris Bay'
Brown and former World cham-
pion Avaid Moncur, room-mates
at the Games Village, will line
up in the finals of the men's 400
metres when they clash today at
the XV Pan American Games,
Yesterday, M6ncur clinched
his berth with a close third place
finish in the faster of the two
semifinals in 45.44 seconds and
Brown clinched his berth by win-
ning the first heat in 45.51,
They will go in with the third.
and fourth fastest times respec-
tively with Brown in lane five
and Moncur in two, The race will
be about 40 minutes after Chris-
tine Amertil will go after a medal
in the women's 400 final in lane
two. "
The Bahamas has never won a
medal in either of the men or
women 400 at these games.
For Moncur, he's just elated
to be included in the field,-:
"1I'mjust going to relax and let
it all lay out," said Moncur, who
at one point was not considered
to be a medal contender after he
went through a series of coaches,
including Bahamian Pauline
Davis-.Thompson. "No matter
what," '

Encouraging
As room-mates, Moncur said
they have been encouraging each
other through the rounds, but he
knows that it will be a different
story when they push each other
today,
Brown, had holds the advan-
tage over Moncur in their head-
to-head match-ups at home, said,
"It feels good to see both of us in
a final, different from home.
Having him back on the track
and racing against him has
always been fun. I just like the
fact that he's back and he's per-
forming at top form, That's all I
could ask for,"
Amertil, second in the last of
three heats to automatically
qualify for the-women's final
with the fifth fastest time of
51.67, will run out of lane two
today, but she said she just want-


and


n or


oncur


CHRIS BROWN, centre, wins a men's 400 metres semifinal at the Pan American Games in Rio de Janeiro, Tuesday, July 24,2007.
At right is Jamaica's Leford Green and at left is Jamaal Torrance, from the U.S.
(APPhoto/Ricardo Mlazalan)


ed to get a spot in the field.
"I haven't ran that many races
this year due to an injury I had.
This is just my fourth quarter for
the year," said last year's
BAAA's Athlete of the Year.
"So I have just been training,"'
As she looks ahead to the
final, Amertil said she knows it
will be tough,
While we will look for the
quarter-milers to medal today,
veteran sprinter Chandra Stur-
rup put the Bahamas on the
chart at the games with har
bronze in the women's 100 in
11.29 behind Americans Mikele
Barber (Pan Am record 11.02)
and Mechelle Lewis (11.24).,
Osbourne Moxey also com-
peted in the men's long jump
final, which finished up in the
rain, He ended up fifth with a
best of 7.81 metres on his open-
ing jump. He followed that with


7.36,7,46, 7,53,7,53 and 7.55.
Panama's Irving Saladino won
the gold with 8.28 on his sixth
and final jump. The silver went
to Cuban Wilfredo Martiqez
with 7.92 on his second attempt
and American Bashir Ramzy got
the bronze with 7.90 on his final
jump,

Rain'
"Everybody was having prob-
leoss on the runway and once the
rain started, that exaggerated the
problem even more," said Mox-
ey, who trailed Cuban Ivan
Pedroso, fourth with 7.86 on his.
fifth jump. "Once the rain start-
ed going, the runway got a little
slippier." .
Moxey, who was hoping to
qualify for the IAAF World
Championships in Osaka, Japan


next month, said he was just glad
that he survived the competition
with the hamstring injury he sus-
tained in the preliminaries.
While he knew it would have
been difficult for him to medal,
having just competed in his third
meet for the year, Moxey said
he was pleased that Sturrup got
her medal.
In the only other event con-
tested by a Bahamian yesterday,
national record holder Tiavan-
nia Thompson got out of the
blocks quick, but faded down the ,
stretch for fourth in the third'
heat of the women's 100 hurdles
in 13.33.
She ended up in 10th spot
overall, just missing the final cut,
"This is my first time compet-
ing in a big meet, so I am
pleased," she said. "I didn't like
the time, but I will take what I
got,"


Bowlers

avoid last

place in

doubles
* BOWLING
By BRENT STUBBS
Senior Sports Reporter
RIO de Janeiro: With only
two English-speaking e6un-
tries in tho Caribbean com-
peting, the men's team of
Clarence Wallace and Lenny
Powell made sure they didn't
finish at the bottom of the pile
in the bowling doubles com-
petition at the XV Pan Amer-
ican Games,
Going into the final six-
game block in their 12 game
series over two days, the
Bahamas moved from last to
clinch the 15th spot ahead of
Bermuda in the field of 16
countries competing at the
Barra Bowling.
Powell stormed back after
a slow start on the first day to
post a total of 2256 and Wal-
lace had 2193. Together, they
combined for 4449 pin falls,
15 more than Bermuda who
brought up the rear with 4434,
The gold went to the United
States with 5260, while Brazil
claimed the silver with 5102
and the Dominican Republic
came through with the bronze
with 5048.
Powell said they got off to a
slow start, but they improved
tremendously over the final
six games.
"If we bowl the way we
bowled the last six games in
doubles, we should be up top
there in singles," said Powell,
of the competition that starts
today.
Wallace, who has partici-
pated in more international
competitions than Powell, said
their performances were "not'
good enough," but he's opti-
mistic that "we will improve" '
in the singles, but "not good
enough to take control of the
SEE page 10E


rh e Tri 1) u n