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Permanent Link: http://ufdc.ufl.edu/UF00084249/02963
 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: 8/10/2007
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
sobekcm - UF00084249_02963
System ID: UF00084249:02963

Full Text






IT'S BACK


FLATBREAD 'Fm ovin't
HIGH 89F
LOW 74F

CLOUDY,
T-STORM


The Tribune

#1 PAPER IN CIRCULATION


Bhe iami fIeralb
BAHAMAS EDITION


Volume: 103 No. 215 / FRIDAY, AUGUST 10, 2007 PRICE- 750


I/


$2.4bn Cable Beach

project 'discussed

in lengthy meeting'


* By KARIN HERIG
Tribune Staff Reporter
LONG and intense talks
between Baha Mar and Prime
Minister Hubert Ingraham are
expected to continue today. per-
haps finally signalling the conclu-
sion of the supplemental Heads of
Agreement negotiations which
could ultimately lead to the trans-
formation of the entire Cable
Beach strip.
After months of stalled discus-
siouns and failure to reach an agree-
ment with the Christie administra-
tion. lzmirlian Sarkis, CEO of
Balha Mar Resorts and Charles
Attwood of Harrah's Entertain-
ment the group's casino operat-
ing partners last week sought a
meeting with Prime Minister Ingra-
ham.


According to a source close to
the Office of the Prime Minister,
the meeting was a lengthy one in
which many details of the $2.4 bil-
lion project were discussed.
Baha Mar representatives are
expected to meet with Mr Ingra-
ham again this afternoon.
Along with Baha Mar, investors
involved with other multi-million
projects throughout the Bahamas
are reportedly "lining up" and are
scheduled to meet with Mr Ingra-
ham today before he leaves on his
summer vacation.
Observers noted that these
meetings show that the FNM's is
following through on its promise to
thoroughly review all investments
signed under the previous govern-
SEE page 12


New security measures

for airlines travelling to US
BAHAMASAIR and other international carriers flying to the US
will be required to provide passenger lists to be checked by US
Department of Homeland Security officials before the flights take
off and the TSA is expected to receive "limited" passenger infor-
mation from the airlines as early as 72 hours before a flight is due
to take off, effective immediately.
The US believes that this increased security in the pre-screening
process is going to dramatically minimize the number of times a
flight takes off with someone who is on a watch list.
Since September 11, US officials have taken steps to improve avi-
ation security, including increased screening of passengers and
baggage. Federal Air Marshals riding on planes, hardened cockpit
doors, armed pilots to defend the flight deck, and strengthened air
cargo security.
The two additional measures, US Homeland Security Secretary
Michael Chertoff said at the announcement yesterday, will further
enhance that country's ability to identify potentially dangerous
people before they are allowed to board an aircraft.
A year ago British officials uncovered a plot to blow up transat-
SEE page 12


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* 31-YEAR-OLD Constable Tavares Bowleg (left) and 35-year-old Corporal Donovan
Gardiner at court yesterday.
(Photos: Tim Clarke/Tribune staff)


* By NATARIO McKENZIE
TWO police officers accused of beating 27-year-
old Desmond Key. who remains hospitalized, were
arraigned in Magistrate's Court yesterday after-
noon.
Corporal Donavon Gardiner, 35, and Constable
Tavares Bowleg, 31. were arraigned before Chief
Magistrate Roger Gomez at Court One Bank
Lane. The courtroom was packed with relatives of


the victim as well as the accused.
Officer Bowleg is represented by lawyer Willie
Moss who held the brief for fellow lawyer Murrio
Ducille who represents officer Gardiner. Lawyer
Godfrey "Pro" Pinder held a watching brief on
behalf of the family of Desmond Key.
According to court dockets, Donovan Gardiner
SEE page 12


Election court to start in October
'^"i- .. <


* By NATARIO McKENZIE
TRIAL dates have been fixed
for each of the three election
court cases with the first -- the
Pinewood Gardens case set to
start in mid-October.
Following a closed court ses-
sion yesterday morning, lawyers
for both the Progressive Liberal
Party and the Free National
Movement expressed confidence
in victory for their side. setting
the stage for a clash between
some of the country's brightest
legal minds. Senior Supreme
Court Justice Anita Allen and
Justice Jon Isaacs will preside
over the election court cases.
The Pinewood Gardens case is
scheduled to begin on October
SEE page 12


LEAD counsel for the FNM Michael Barnet (left) and lead
counsel for the PLP Philip 'Brave' Davis outside of court yesterday
(P'hoto: Tim Clarke/Tribune staff)


Junkanoo groups
finally awarded
prize money
By TANEKA THOMPSON
DISGRUNTLED junkanoo
groups were finally awarded
.prize monies yesterday, eight
months after the 2006 and 2007
Boxing and New Year's Day
parades.
At a press conference at the
Ministry of Education, Youth,
Sports, and Culture officials
distributed prize monies for the
2006/2007 winter junkanoo fes-
tivals to groups in the A and B
divisions with individual prizes
also awarded.
Earlier in the week The Tri-
bune received complaints from
angry "junkanooers" who were
frustrated by the delay.
"This long delay in the pay-
ment of prize monies presents a
real concern for junkanooers,
especially those who do not
have the assistance of corporate
sponsors or other major sources
of income," one concerned per-
son wrote in a letter to The Tri-
bune. The "junkanooer"
believes the upcoming junkanoo
parades may be "threatened"
SEE page 12


Immigration
audit is praised
by Haitian lawyer
By ALISON LOWE
Tribune Staff Reporter
THE immigration audit con-
ducted this week has been praised
by Haitian lawyer and social com-
mentator Elizier Regnier, who said
it "should have been done a long
time ago."
He said that while he was aware
of "rumours swirling" about possi-
ble ulterior motives that the Immi-
gration department might have in
carrying out the audit, he believes
that Minister of State for Immi-
gration, Elma Campbell, has "good
intentions."
He praised her for "her stated
intention that she wishes to cir-
cumvent any civil unrest which
would be forthcoming from this
unhappy people who are being
denied their just rights."
"Let's say files seem to have
been lost and misplaced, if indeed
she is admitting it and can take cor-
rective measures that is in itself
commendable," he said.
Mr Regnier said that those who
are constitutionally entitled to
apply for citizenship should be reg-
ularised on a yearly basis as they
SEE page 12


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THE TRIBUNE


PAGE 2, FRIDAY, AUGUST 10, 2007


Acklins residents furious as regatta



'hijacked' by Anna Nicole fever


RESIDENTS of Acklins are
upset that their annual regatta
was "hijacked" by outsiders
who used it to promote the
name of late cover girl Anna
Nicole Smith.
Cameramen working for the
ET Channel in America were
said to be there recording the
weekend event, attended by
Anna Nicole's lawyer-compan-
ion Howard K Stern and
Bahamian entertainer 'King"
Eric Gibson, father of former
Cabinet minister Shane Gibson.
Eric Gibson, the governmen-
t's sailing consultant, took along
his sailing vessel painted pink
and called Anna's Dream -.to
further the Anna Nicole theme,


according to locals.
"This was not welcomed by
many Acklins people," said one
source. "They found the hijack-
ing of their regatta distasteful. It
was taken over by outsiders
who wanted to exploit it."
Islanders claim the regatta
was promoted as an American
television extravaganza, with a
reported $500,000 being paid.
for exclusive rights.
"The big question is: what
was Acklins getting out of it?
ET Channel is not going to be
there for free. The whole thing
was given a pink theme and said
to be in Anna Nicole's honour,"
the source said.
Shane Gibson, who was


* ANNA Nicole Smith


forced to resign from the Cabi-
net earlier this year over his


friendship with Anna Nicole
and the alleged fast-tracking of
her residency permit, was also
reportedly at the event.
But one source claimed that
he was upset by certain aspects
of the promotion and flew off to
OCat Island.
Anna Nicole, who died in
Florida in February five
months after the loss of her 20-
year-old son Daniel was a
controversial and tragic figure
throughout her stay in the
Bahamas.
The PLP government suf-
fered massive fall-out from the
Gibson family's involvement
with her and Stern.
Eric Gibson was in Florida


at the time of her death to col-
lect a boat she and Stern were
buying. Shane Gibson's mother
was employed as a baby-sitter,
while his reverend wife report-
edly offered spiritual guidance
to the disturbed reality show
starlet.
But it was Shane Gibson's
friendship with her, and his han-
dling of her residency applica-
tion, that caused most damage
to Perry Christie's administra-
tion.
The Tribune attempted to
contact Anita Collie-Pratt, pres-
ident of the Acklins Sailing
Association, and Eric Gibson
for comment. However, neither
could be reached.


Bay street trader accuses police officer of sexual assault


*'By TANEKA THOMPSON
STflE owner of a Bj\ Street
re'tai store claims he was sexu-
ally braved and assaulted by a
poqi'c'officer in June.
lAccordinL to the merchant,
"-*.Io asked to have his name
withheld. on June 7, 2007 a
'female police officer dressed in
d;a'pdlice training college out-
arged into his store and
:' severall attempts to touch
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him inappropriately.
"I was talking with my store
manager when this female
police officer came through the
door," he wrote in a statement
to The Tribune. "Upon the offi-
cer seeing me, she ran [to] me
saying 'Oh he here' as she tried
to grab my hands."
In an interview with The Tri-
bune yesterday, the shop owner
insisted that he repeatedly
asked the officer not to touch


him and told her he intended
to lodge a formal complaint
against her.
"She [grabbed] me with sweaty
hands, saying obscene words and
saying what she would like to do
with me sexually," he alleged.
"She came right in my face
as close as possible and pushed
me very forcefully. I backed
away hoping she would leave
as to avoid a fight," he said.
"She continued to follow me...


when I turned to leave again,
she slapped me on the right side
of my face very forcibly and
hard two times."
The merchant also stated that
during the alleged altercation, the
officer shouted a series of exple-
tives towards him, threatened
him, made derogatory statements
regarding his sexual orientation
and also damaged merchandise in
the store before she left.
Prior to this alleged incident,


the merchant claimed the offi-
cer had been in his store "twice
before in full uniform."
He and his store manager,
who was on the scene, lodged
statements with the Central
Police Station.
"They told me I would hear
from them the next day," he
said. However authorities did
not contact him until June 20,
he said, which led to a meeting
with the officer-in-charge of the
central police station where the
alleged assault was discussed.
"We had a good discussion
about the incident and [the offi-
cer] told me he would set up a
meeting with the chief of police
for further discussion."
The merchant told The Tri-
bune that he has not been con-
tacted by police since then.
"I want to know what they
intend to do," he said.
The current officer-in-charge
of the Central Police Station,
Assistant Superintendent
Arnette, was not stationed there
when the shop owner followed
up on his complaint.
AS Arnette said he could not
comment on the specifics of the
case, but he believed the matter
was "under active investigation."


BGCSE

results still

not made

available

to public


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* CARL Bethel


SBy TANEKA THOMPSON
RESULTS of the BGCSEs
are still a mystery to the gener-
al public as a breakdown of stu-
dents' performance has yet to
be released to the media.
As previously reported by The
Tribune, copies of the results
were forwarded to high schools
across the nation on Tuesday.
The national exams test stu-
dents' academic capabilities in
26 subjects and favourable
scores are a criterion for entry
into tertiary institutions in the
Bahamas as well as universities
in other countries.
Members of the educational
community are awaiting the
results, hoping for a improve-
ment over last year's national

Bethel told The Tribune earlier
in the week that he had not had
a chance to review the scores
but assured the public that his
ministry would put out a for-
mal statement on the matter
yesterday.
However as of press time, the
statement was not released.
Messages were left for Mr
Bethel as well as the director of
the Department of Education,
but up to press time neither
could be reached for comment.
An official at the BGCSE
examination centre told The Tri-
bune yesterday that a "break-
down on the performance of the
subjects this year" will not be
available until next week.


OIn brief

Bahamian
straw products
are allowed
into the US
STRAW products of
Bahamian origin can be
brought into the United
States but will be subject to
inspection, the Ministry of
Tourism and Aviation
announced yesterday.
US Customs Border Patrol
(CBP) headquarters has con-
firmed that "Bahamian straw
goods can be brought into the
US at cruise terminals,
though they will be subject
to inspection."
Ministry of Tourism offi-
cials are currently working
with vendors on country of
origin markings to alleviate
potential problems for trav-
ellers.
The US has placed a ban
on straw products entering
America from 25 Caribbean
countries because of the pres-
ence of the Red Palm Mite,
an invasive parasite.
The Bahamas is not on the
list of countries banned.

Bail for suspect
in Canadian
executive's
killing reduced

PUERTO-RICO
San Juan '
A JUDGE on Wednesday--
allowed a man accused of
slaying a Canadian business-
man to remain free on
sharply reduced bail after his
original guarantee was can-
celled when Puerto Rico's
largest bail bond company
collapsed, according to Asso-
ciated Press.
Jonathan Roman Rivera,
who has pleaded not guilty
to first-degree murder, was
ordered to pay US$500 in
cash toward substitute bail of
$5,000 to avoid being jailed
ahead of trial.
He is accused of beating
and stabbing Adam Anhang
as he and his wife walked
through San Juan's colonial
district in September 2005,
Roman worked as a. dish-
washer at the restaurant
Anhang had bought for his
wife.
Superior Court Judge
Isabel Llompart granted a
defense request to reduce the
original bail of $100,000 that
wag guaranteed by the Puer-
to Rico Bonding Co, which
entered liquidation in June.
Prosecutors said Roman was
among more than 200 defen-
darnts left uncovered by the
company's failure.

Cuba protests
US failure on
emigration
visa issuing
HAVANA
CUBA'S Foreign Ministry
said Wednesday it had for-
mally protested the US State
Department's acknowledg-
ment it will not meet this fis-
cal year's minimum quota of
20,000 visas for Cubans want-
ing to live in the US, accusing
Washington of violating
accords aimed at ensuring
safe and orderly migration,
according to Associated Press.
Dagoberto Rodriguez,
chief of the Cuban Interests
Section in k\ashington, said
in a sMtatemcnt distributed via
e-jail thbit his office sent a
dfplomainc noteto State
Department officials.
The visa quota flap erupted
in mid-July, when Havana
warned that the US Interests
Section, the American mis-
sion here, was not on track
to grant at least 20,000 emi-
gration visas before the end
of the US government fiscal
year ending September 30.
US officials confirmed that
they would not fill the quota
and blamed the Cuban gov-
ernment, saying it had
blocked necessary materials
and American personnel
from entering the country.
...............................


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

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THE TRIBUNESFRIDAYAUGUT 1,I207, PGEB


0 In brief

Family gives
$7,000 to
help improve
public library
THE MacTaggart family
has made a $7,000 donation
to improve a Family Island
public library.
On Friday, August 3, Mrs
Robin Symonette, a member
and representative of the
MacTaggart family, present-
ed a cheque to Minister of
Education Carl Bethel to go
towards the library in
Landrail Point, Crooked
Island.
Mr Bethel thanked the
MacTaggart family and told
Mrs Symonette that the ges-
ture will assist the ministry in
attaining its goal of using lit-
eracy as an essential tool in
the development of the char-
acter of Bahamian children.
Mrs Symonette said she
was pleased to present the
cheque and wanted to see
the library openand func-
tioning as soon as possible
with internet access.
Francita Neely, the Local
Government administrator
for Crooked Island and Long
Cay, said that the donation
would go a long way in the
improvement of the physical
structure of the library.


Musicians
to attend
gospel music
workshop

THE Bahamas Chapter of
the Gospel Music Workshop
of America is set to take a
delegation of 120 persons to
Orlando, Florida to partici-
pate in a week long gospel
music workshop.
On Friday August 3, work-
shop leader Reverend
Patrick Smith met with Min-
ister of State for Culture
Charles Maynard to discuss
the trip.
Reverend Smith said par-
ticipants would come from
New Providence as well as
Eleuthera, Inagua, and
Grand Bahama.
Through the workshop,
participants will be exposed
to 140 different courses,
including: piano, voice,
music composition and litur-
gical dance.
Mr Maynard thanked Rev
Smith for giving the
Bahamas the opportunity to
be showcased on the world
stage of Gospel music and
said the initiative could cre-
ate "immense" opportunities
for cultural exchange.
He said that his ministry
fully supports the group and
encouraged all Bahamians to
become involved.


Cuba may not
send boxers
to, world
championship

* HAVANA

FIDEL Castro said
Wednesday that Cuba might
not send boxers to the world
championship in the United
States and other qualifying
events leading up to next
year's Beijing Olympics to
prevent possible defections,
according to Associated
Press.
Castro wrote in a column
published in official newspa-
pers that two Cuban boxers
who disappeared during the
Pan American Games in
Brazil last month only to be
arrested and sent back to the
island "had reached the
point of no return" with the
national boxing team.
"The athlete who aban-
dons his delegation is not
unlike the soldier who aban-
dons his fellow men in the


midst of combat," he said.
Guillermo Rigondeaux,
Cuba's top boxer and a two-
time Olympic bantamweight
champion, and Erislandy
Lara, an amateur welter-
weight world champion,
arrived Sunday in Cuba.
They were sent to state guest
houses for more than two
days, then released while the
communist government
decides what to do with
them.


Claim that call for housing investigation




'was never referred to police crime chief'


THE call for a full-scale
investigation into the hous-
ing scandal was never
referred to the police force's
crime chief, it was revealed
last night.
Instead, it went directly to


Supt Keith Bell, who was
involved in planning,
research and urban renew-
al, a police source alleged.
Head of crime Reginald
Ferguson never saw the file,
and Supt Bell undertook all


inquiries personally, it was
claimed.
The disclosure came as
police were criticised for the
way they conducted
inquiries into the housing
scandal.


Former housing minister
Neville Wisdom called in
police after contractors
alleged that, under the PLP
government, Ministry of
Housing employees were
involved in corruption which
adversely affected the inter-
ests of low-cost home-buy-
ers.
Later, home-owners com-
plained of shoddy work-
manship which resulted in
leaking roofs, ill-fitting doors
and other defects.
However, this week for-
mer assistant police com-
missioner Paul Thompson
offered Commissioner Paul
Farquharson advice on how
inquiries should have been
carried out.
He advocated a proper
examination of all defective
homes, detailed interviews
with contractors and min-
istry employees and, if nec-
essary, confrontations with
both parties to determine
how the faults occurred.
He said such an approach
would have flushed out the
culprits.


RUSHHOUR 3


Mr Thompson criticised a
police claim that the
inquiries had stalled because
no-one was coming forward
with information.
He said it was the police's
job to go out in search of
information, not wait for it
to come to them.
Responding to the claims
by the police source, Super-
intendent Bell called them
"irresponsible".
"Any complaint that is
made is investigated for and
on behalf of the commis-
sioner of police.
"In this case, it was for-
warded to the acting com-
missioner at the time,
John Rolle, who directed
me to conduct an investiga-
tion."
Superintendent Bell said
that the police have an
"open door policy" and that
anyone who has a suggestion
to make about an investiga-
tion should try and con-
tribute to the police's efforts.
instead of criticising Ilhose
efforts in a destructive piman
ner.


NEW 1:10 335 IN/A 6:05 8:40 10:35


DADDY DAY CAMP NEW 1:05 3:30 N/A 6:10 8:25 10:25
STARiUST NEW 1:00 3:30 N/A 6:00 8:20 10:35
THEBOURNEUNLTIMATIUM C 1:00 3:5 W/A 6:00 8:20 10:45
UNDER DOG i 1:15 3:40 NA 6:15 8:30 10:30
THE SIMPSONS MOVIE 8 1:10 3:45 N/A 6:20 N/A N/A
HCK&LARRY C 1 A NA 8:30 10:40


POLICE insiders claimed last
night that Ellison Greenslade
had fallen victim to a smear cam-
paign by fellow officers intent
on blocking his way to the top
job.
They believe the senior assis-
tant commissioner is by far the
best contender for the Commi-
sioner Paul Farquharson's posi-
tion should he retire in the next
year or two.
But they believe certain senior
officers in the force are "dead
against" Greenslade being pro-
moted to the number one slot.
The claims came after Mr
Greenslade handed back gifts -
including a car and two Rolex
watches presented to him by
fellow officers on his departure
from Freeport, where he was
police chief for several years.
It was suggested the gifts -
although from his own men -
could have come indirectly from
"corporate" sources intent on
buying influence.
But a police source told The
Tribune last night that Mr
Greenslade is an honest, highly
capable officer who would nev-
er have put himself in such a


* ELLISON GREENSLADE

position.
"Mr Greenslade feels that
someone is trying to have him
discredited," said the source.
"This, they feel, would count
against him when it comes to the
question of promotion."
Police insiders believe both
the commissioner's job and at
least one other very high-rank-
ing position could become


vacant before 2010 due to retire-
ment.
They feel Mr Greenslade
would be in the best possible
striking position for the top job.
"However, there are undoubt-
edly certain people in the upper
ranks of the force who don't
want him to succeed. I don't
think this will destroy his
chances, but there are undoubt-
edly those who feel his integrity
will have been called into ques-
tion," said the source.
Mr Greenslade, who was
highly rated during his Freeport
posting, is an expert in comput-
er technology.
He has been described as "a
very good officer who gets out in
the field with his men."
Along with Marvin Dames,
who spent many years as head of
the detective unit, he is seen as
one of the "new breed" coming
through to take command of the
force in future.
The source said: "There is no
way that Dames is involved in
this smear attempt, but there are
other officers who don't like
Greenslade. However, his repu-
tation is clean."


TG Glover workers' medical ailments

'were not due to construction site'


* By ALISON LOWE
Tribune Staff Reporter
THERE is no evidence that the medical ail-
ments of some workers formerly active on the
construction site of the T G Glover school were
caused by any environmental factors on that
site, according to the chief medical officer.
In statements that diverged slightly from those
received by The Tribune on Wednesday, Dr
Merceline Dahl Regis said yesterday that offi-
cials investigating the complaints "cannot con-
clude that the excavation contributed to the
presentation of the medical concerns" by the
workers.
On Wednesday, a source close to the issue
had said that Dr Dahl Regis' report, released
this week, indicated that workers' ailments -
reported to have presented themselves in the
form of skin rashes, stomach cramps and respi-
ratory problems were due to the ingestion of
"dust and mould" by workers on the site of the
future school.
The source said: "There was a lot of fine dust
in that dirt and there was an extraordinarily
dry period ...the people then ingested some of
the dust and the moulds and that caused some
itching and some respiratory complications."
However, according to Dr Dahl Regis, the
health authorities did not establish a causal link
between the site and the workers' complaints,
and concluded that they were "not really due to
the construction site" at all.
"I reviewed the medical records, and the his-
torical information. A number of folks had had
skin ailments prior to the time of the complaints,


some had had respiratory concerns prior to
even coming to Nassau," she said.
She added that the workers presented their
medical' complaints over a period of four
months. "They presented over a period of time
- it wasn't like one week at the end of the exca-
vation."
Dr Dahl Regis said she never heard of any
stomach problems amongst the workers, claim-
ing that the medical records she had seen, orig-
inating with the company's doctor who exam-
ined the workers, did not note such complaints.
This appears to run contrary to assertions
made in May in a letter the new government
received from the operations manager of E R
Hanna construction company asking for an
investigation to be carried out on the site.
In that letter, the manager said that workers
at the site experienced rashes and various stom-
ach ailments, including cramps, vomiting and
intestinal discomfort.
Dr Dahl Regis confirmed claims made by the
source that arsenic was found in a "mildly ele-
vated level" in the dirt in the area, however
she again stated that there was no causal link
found between the existence of this toxic sub-
stance and employees' ill health.
The timing of events, said the CMO, made
her "pretty confident" that the arsenic found in
the ground was not a factor.
She stressed that she felt there is no reason for
the public to be alarmed by the arsenic levels
found, adding that many people would find sim-
ilar levels "in their yard."
"It's found on many occasions, all around the
place," she said.


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FRIDAY, AUGUST 10, 2007, PAGE 3


THE TRIBUNE


71


m


0







THE TRIBUNE


PAGE 4, FRIDAY, AUGUST 10, 2007


3I 6*'IAULETTERS TO I ET


AFTER YEARS of simmering unrest gov-
ernment is to be commended for finally sitting
down this week to try to unravel the Haitian
problem that has been ignored until it is now
too serious to ignore without inviting major social
upheaval.
Haitian lawyer Elizier Regnier, while pleased
with the Haitian audit held over the past two
days, said it "should have been done a long time
ago." He brought up the "rumours swirling
around" that suggest that ulterior motives can be
attached to the Immigration Department's first
step in the right directiori.
Ulterior motives should not be allowed to
cloud the issue. The Ingraham government is
wise enough to understand that, although it is late
in the day for a solution, someone has to start
somewhere if future violence is to be avoided
between Bahamians and Haitians. Haitians who
have a constitutional right to belong in these'
islands have to be given legal status and assimi-
lated into society.
We only have to look around at some of our
Caribbean neighbours to see clashes between
different ethnic groups, particularly where Indi-
ans and blacks make up most of the population.
And, of course, there is the prime example of
Sri Lanka, where Tamil and Singalese are dag-
gers drawn, and a beautiful island, once known as
the "Pearl of the East", is now torn by botnbs and
*sporadic bloodshed. We mention Sri Lanka
because it is the nearest modern-day example
to our own Haitian situation.
The Tamils entered Sri Lanka several gener-
ations ago from south India, from where like
the Haitians to the Bahamas they were
brought in as indentured labourers for the tea
plantations. They settled as the servant class,
but the leaders of that day did not think far
enough into the future about what would happen
when the children of these foreigners, born and
educated in the island, would aspire to a higher
social status. Like the Haitians they were
shunned, but over time they became the lawyers,
ambassadors, teachers, civil servants, in other
words among the leading citizens, who could no
longer be ostracised. Eventually, because of the
discrimination that was never very far below the
surface, the nationalistic Tamil Tigers formed
themselves into a fighting force and demanded
their own state. This briefly is an over-simpli-
fied explanation of what eventually led to the
spilling of blood in today's Sri Lanka.
This week's audit should be the first step in
trying to assimilate the Haitians who belong and
remove those who do not. For the sake of future
generations we have to recognize the looming
danger and try to exercise as much damage con-
trol as possible.
The audit will deal first with those persons


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born here of Haitian parents, who have a con-
stitutional claim to citizenship, and those children
of Bahamian mothers, married to foreigners of
various nationalities.
The next group to look at are those Haitians,
who settled here many years ago with a mixed
family- the older children born in Haiti, but
raised in the Bahamas, and the younger children
born in the Bahamas.
We are thinking in particular of a Fox Hill
family. The father came to the Bahamas 27 years
ago at a time when the PLP were rewarding
their special friends with large Haitian quotas
to farm their lands. When he arrived he stepped
off the boat like a tourist at Coral Harbour. He
had a passport and was given a work permit on
arrival. Eventually he brought his wife in and
their two children born in Haiti. Two children
were later born to them in the Bahamas. The
children know no other home and no longer
have family or friends in Haiti. They consider
themselves Bahamian. They are all doing well at
school.
The oldest child, a girl, graduated among the
top five in her class, and had high hopes of going
on to college and eventually qualifying as a doc-
tor. But, with her father the only member of the
family allowed to earn a living, the six-member
family live below the poverty line. Not to be
deterred, the young lady got herself a job to sup-
port herself, help her family and squirrel some-
thing away for an education. Her employer asked
no questions. She spoke and wrote perfect Eng-
lish. She was raised Bahamian. But then one day
Immigration officers raided her work place.
When they learned that she was born in Haiti, she
was arrested and thrown into the detention cen-
tre. The next day she was to be repatriated with
a large group to Haiti- to her a foreign country.
Although she had a residency permit, it stip-
ulated that she could not work. She was caught
breaking the law she was working. It was only
through the intervention of her father's employ-
er and one of her school teachers, who consid-
ered her a model student, that she was released.
Today, she sits at home, looking at four blank
walls and contemplating a bleak future. Her
father's employer presented her with a comput-
er, and she spends her time perfecting her com-
puter skills so that she will be prepared for the
day that an enlightened Bahamas will fully accept
her for what she truly believes she is a
Bahamian.
These are the families that government has to
consider next, because there are too many clever
people in those homes whose industry could help
this country grow and prosper.
However, there are many others, equally
clever, who cannot and will not be suppressed
much longer.


The Tribune Limited
NULLIUS ADDICTUSJ.IURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
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


Dealing with the Haitian problem


"Joy Is The Result Of
Walking With God."
SUNDAY SERVICES
7:00am, 9:00am, 11:15am
PASTOR EARLE FRANCIS J.P.,D.D.
Marriage Officer, Counsellor. Intercesso,
I Phone: 323-6452 393-5798
Fax: 326-4488/394-4819

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your "own" natural brain will
tell you.
Teachers, please give any
children the special help they
may need. Perhaps the com-
munity could give "after-
school" help, but don't let
them graduate without being
able to take their rightful place
in society because regardless
of the type of job we hold we
need the basics in all subjects
and further develop them as
time goes on.
Education leaders, perhaps
it will help if you provide
supervision and check points
on these children's accom-
plishments in their classes;
otherwise what kind of exam-
ple and help are we giving in


our country and in the world?
Let's start doing something
because I know parents and
teachers would feel extra
proud when your children and
students make such wonder-
ful progress as a result of your
hard work and patience and
love. God will be present in
your efforts if we cooperate
with him. The new pro-
grammes are good but the
important "basics" at a young
age right through high school
and showing interest in their
activities and accomplish-
ments which will motivate
them to try harder and
encouraging them not to give
up on themselves, repeating
grades if necessary because
with God's help nothing is
impossible.
P. BENSON
Nassau,
July 30, 2007


EDITOR The Tribune.
MANY times in the past
and today, July 30, 2007, I
have seen headlines or other
newspaper articles shouting
out that graduates or other
children of school-leaving age
are found "illiterate, 80 per
cent fail maths" (this last
quote from today's paper), but
the same in past messages.
When will we begin doing
whatever is necessary to cor-
rect the problem?
Teachers please do not
"pass" children because
maybe you are tired or frus-
trated by them, just remem-
ber you are helping to build
families and future leaders.
Children please use your nat-
ural "God-given brain" to
learn everything, especially
the maths needed in school
(what do you need calculators
for in school, possibly in high
school for more complex mat-
ters), God gave the best pos-
sible "computer" in your
brain, but we must develop
our brain in studying and fig-
uring out math answers with
our own brain as well as read-
ing not only at school but at
home, in this way you expand
and develop your own natural
brain to reach great heights
and understand better when
you get in higher grades for
more difficult subjects. God
doesn't want any of us to be
dumb, that is why he gave us
such a wonderful organ as the
brain, to use and not to leave
in a stunted position and let
other people think for us. I
certainly hope teachers will
not allow children to carry cal-
culators, etc., to do the work
that God gave us our brains
for with proper supervision
and direction. I agree that
business people especially
need certain machinery for
statistical or other difficult
matters, and parents help your
children here, don't let them
leave their brain matter
unused, you are not helping
them, everyone needs brain
challenging subjects whether
its maths or not, machines are
necessary for research when
the time comes for school pro-
jects and they are needed for
statistical organizations, stores,
etc. What I am trying to say is
use your "brain computer"
while you are in school, after
all God gave us our brain to
think and understand and
make decisions and much,
much more when the time
comes when a machine is nec-
essary you will know and then
push the buttons as necessary,


Doing what




is necessary




in education


Addressing Teachers


Retirement Club

EDITOR, The Tribune.
PLEASE allow me a small space in your valuable paper to
address this newly formed Teachers Retirement Club.
1 do believe that teaching is an honourable and rewarding
profession.
I also agree that many retired persons in this country, no
matter what profession you were in, have much to offer after
retirement.
The reason being people are living more active, healthier
and longer lives
Since these teachers are so dedicated to the cause of edu-
cation, what happened to.the old fashioned way, where teach-
ers held classes at home, on a one-to-one basis in an atmos-
phere more comfortable and serene; the teachers were paid by
the parent of students, and parent were more involved in the
student's progress, because they were paying their own mon-
ey for the service.
No, everybody wishes to stay on Mr Government's payroll.
If these retirees have so much to offer now that they are
retired, why did they not put that effort in their students
when they were full time.
They were turning out students who are not able to read
properly, cannot fill out an application form, making Ds and
Fs and GPA below 2.0.
I listened to every word of the budget delivered in the
House of Parliament and I did not hear where any funds were
allocated for retired teachers to fill in when other teachers are
sick or on maternity leave, that is a part of life, all businesses
experience maternity leave, sickness and vacation, these are
the natural process of life. They do not have people waiting to
fill in.
Retirees who were taken on through the back door and
have not been paid for six and eight months, only highlights
what was happening under the previous administration; taking
on persons with no provision in the budget to pay.
Let these retirees create their own niche and stop trying to
derail this Government's Budget.
CONCERNED CITIZEN
Nassau,
June, 2007.


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THE TRBUNE RIDAY AUGUT 10,2007,PAGES


oIn brief


Hundreds
sickened by
stomach bug
at resort
* DOMINICAN REPUBLIC
Santo Domingo
DOMINICAN health offi-
cials on Wednesday were try-
ing to identify the cause of a
stomach bug that infected some
2(X) guests at a four-star resort.
according to Associated Press.
The ill tourists, many of
them from the United King-
dom. were staying at the
Bahia Principe San Juan
resort on the island's north
coast, health ministry official
Luis Emilio Felix Roa said.
An unknown number were
hospitalized this week with
vomiting and diarrhea, and
some are still being treated.
Felix Roa said. Hotel employ-
ees also became sick, he said.
Health and tourism officials
said they have not been able
to identify the source of the
illness. A British team is also
investigating the outbreak.

Cocaine
haul is one
of region's
largest at sea
PUERTO RICO
San Juan
AUTHORITIES in Mar-
tinique said Wednesday they
had seized almost 1,900
pounds of cocaine found
aboard a yacht, one of the
Antilles region's largest drug
busts at sea, according to
Associated Press.
The cocaine was found Fri-
day after Coast Guard offi-
cials intercepted a yacht
south of Martinique, accord-
ing to a-government news
release. Two Portuguese men
aboard the boat were arrest-
ed, police said.


F l F i
Pet onro


Lawyer on strike at law school



over removal of colleague


THE attorney son of Gover-
nor General Arthur Hanna has
reportedly gone on strike from
his law school job over the
"'removal" of a Bahamian col-
league.
Dion Hanna, director of the
legal aid department at Eugene
Dupuch Law School in Nassau,
has been absent from his post
this week as a result of simmer-
ing tension between Bahamian
and West Indian staff.
Insiders claim that the law
school, where most young
Bahamian attorneys receive
their training, has fallen victim
to a "Trinidadian takeover",
with most senior posts held by
outsiders.
The latest trouble erupted
after it was decided to termi-
nate the contract of Bahamian
Elsworth Johnson, who is assis-
tant tutor in the legal aid
department.
Management has reportedly
claimed that Mr Johnson is one
year short of the five-year Bar
experience requirement to hold
the post.
A legal source told The Tri-
bune: "Mr Hanna went on strike
in support of Mr Johnson. He
is very upset that his colleague is
being put out of a job."
In fact, the Johnson incident
has brought to a head growing
concern among Bahamian
lawyers about the running of
the law school, named after
well-known Bahamian QC
Eugene Dupuch.
They feel Bahamians are being
treated like "second or third-class
citizens" in their own law school,
with Trinidadians holding many
of the senior positions.
The source said: "Mr John-
son told colleagues that the
principal said she was not pre-
pared to renew his contract.
"We are upset because he is a
former police officer who brings
a lot of legal experience to the
school. The principal knew from
last year that he had been called
to the Bar only four years, but
he was not removed then."
The suspicion is that the post
will now be handed to another
foreigner. "Bahamians are


Governor General's son protests 'Trinidadian takeover'


* ELSWORTH Johnson

being made to feel like second
or third class citizens in their
own law school," said the
source. "There is a Trinidadian
network that is working against
the interests of Bahamians."
There is also anger over
attempts to get Trinidadian legal
tutors called to the Bahamas Bar.
Locals feel this would "open the
floodgates" to foreigners.
And a reported "guarantee"
of a government job as assis-
tant counsel to a young Trinida-
dian has poured even more fuel


on the fire.
"The are ar15 young Rahami-
an lawyers at the school who
have not been given any such
guarantees," said the source.
Local students also feel I he
school discriminates against
Bahamian tutors by paying for-
eigners in US currency.
"These people are making
$40,000 or $50,000 a year, all
paid in US," said the source.
"The school has been open
for ten years and there has not
vet been a Bahamian principal.
All the top three posts are held
by Trinidadians."
Contacted yesterday, neither
Mr Hanna or Mr lohnson wished
to comment on the matter.
Principal of lhce law school,
Miriam Samaru, only said that
Mr Johnson's contract was a
one year contract, therefore lihe
has not been "terminated".
She suggested that The Tri-
bune contact Mr Johnson for
any further information.


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THE TRIBUNE


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THE TRIBUNE


LOCAL6NEWS


Caribbean frets over


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N U PUERTO RICO
San Juan
THE turquoise waters and
white sand beaches of the
Caribbean appear to be losing
some of their allure for US
tourists.
Americans who flocked to
the islands in record numbers
until recently are finding new
destinations o01 staying home,
leading to declines of more than
10 per cent this year in islands
including Jamaica. St Lucia and
Grenada.
Governiments have aimed
marketing pitches at Canada
and Europe to coinpensale for
slippage in thL AimcilLaia mar-
ket, which accounts IiM about
60 per cent of the region's vital
tourism business.
'The trickle down effect is
huge," said Richard Kahn, a
spokesman for the Caribbean
Tourism Organization. "In the
long run, this could mean the
loss of jobs throughout the
Caribbean."
A new passport rule has dis-
couraged somenic ll.elers. Amer-
icans returning b Caribbean weie lequiled to
present the document beginning
earlier this y e. although the
US is temporarily accepting
proof of application because of
a backlog.
But even US territories unaf-
fected by the new security mea-
sure have seen declines -- the
3" number of Americans visiting
Puerto Rico dropped nine per
cent in .Janua) cominparecd with
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the US Virgin Islands saw a 7
per cent drop.

Competition

Some simply want more exot-
ic destinations.
"A lot of the larger islands
are reaching that point where
their market has been there,
done that and is looking for a
different experience," said
Cheryl Carter, a tourism
instructor at Florida Interna-
tional University.
Ken Zapanta, a 30-year-old
Californian, said he and his wife
enjoyed their visit to Barbados
two years ago but they cannot
justify another Caribbean trip.
"Once was enough," he said.
"The beaches, you can get that
anywhere."
The number of American vis-
itors dipped in the months after
the Sept. 11, 2001, attacks
before surging more than 10 per
cent over four years. Last year,
US tourists staying overnight
reached a peak of 11.5 million,
according to statistics from the
Barbados-based CTO.
Terrorism fears boosted the
Caribbean's appeal as a safe,
nearby destination, said Joe
Goldblatt, senior lecturer at
Temple University's School of
Tourism and Hospitality Man-
agement. Over time, more US


K


tourists began visiting distant
continents.Facing uncertainty
over when trends might reverse,
Caribbean officials are focus-
ing promotional efforts else-
where.
Jamaica, hit by a 12 per cent
drop in American visitors this
year, has started advertising
more in Canada and Europe,
said Basil Smith, Jamaica's
tourism director. A strong euro
helped boost European visits
by 22 per cent through April,
he said.
The "spice island" of Grena-
da arranged for the German air-
line Condor to offer weekly ser-
vice year-round instead of only
in the winter, said tourism
board spokesman Edwin Frank.
St Lucia is negotiating with
British Airways and Virgin
Atlantic Airways to provide
more flights.
Some analysts argue US
tourism will rebound quickly,
attributing the recent decline in
part to a sluggish US housing
market that has cut into Amer-
icans' spending.
But others fear the new pass-
port requirement could haunt
Caribbean resorts for years.
"Once an American has now
got a passport, the world is their
market," said Alec Sanguinetti,
chief executive of the Caribbean
Hotel Association. "They can
go anywhere."


* A COUPLE of foreign tourists walk at Isla Verde Beach in
San Juan, Puerto Rico. Americans who flocked to the islands in
record numbers until recently are finding new destinations or
staying home, leading to declines of more than 10 per cent this
year in islands including Jamaica, St. Lucia and Grenada.
(AP Photo/Andres Leighton, file)


Schedule of Services for Sunday August 12th, 2007
Christ Church Cathedral
Anglican/Episcopal Church
George Street
Nassau, Bahamas

Christ Church Cathedral will celebrate its Feast of Title on Sunday
within the Octave of the Feast of The Transfiguration.
7:30 a.m. Sermon & Holy Communion
Celebrant & Preacher
Canon Dr. Kirkley Sands
9:00 a.m. Family Eucharist
Celebrant & Preacher
The Rt. Rev'd. Laish Boyd
Bishop Co-Adjutor
11:00 a.m. Holy Communion Service
Celebrant & Preacher
The Rl. Revd. Laish Boyd
Bishop Co-Adjutor
6:00 p.m. Solemn Evensong, Sermon & Benediction
Officiant & Preacher
The Very Rev'd. Patrick L. Adderley


,'' ..
,/ *. ,.

c. *,l ', -- -- " 'L'"


q


PAUL b, I- HIUAY, AUGUS I 10, 2UUI


Bahamas Bus & Truck Co: Ltd,,
Montrose Ave.
Phone: 322-1722/Fax: 3267452


,:<1*lktt I,,









THE TRIBUNE REIDY A UGS10207PAE


OIn brief Spirit warns of future disruption

Summer Youth
Prog ramme FOLLOWING a weekend of destinations. lThe I lcaild notes Iliat "last baggage had lines snaking out "Spirit is reimbursing us $
attended by \\idisprcad flight disruptions, By doing so, a number ofl mnih Spili i,,i, ,,lic hel set ofl'the terminal and into the hot for the flights, and I got
Spirit Airlines is advising cus- pilots used up the allotted time back \\ lien h i Ii\ customers sun." more day of vacation. Vv,
6,500 people tomniers who have flights booked they are allowed to spend in a cnclIountllIered hours-long lines While many Spirit customers Palm B3each resident Anl


THE Ministry of Educa-
tion's department of youth
and sports held the closing
out ceremony of its Summer
Youth Programme last Fri-
day.
Minister Carl Bethel told
the audience that the objec-
tives of the programme were:
To teach educational,
sporting, athletics and social
skills in an effort to foster
personal development
To create short term
employment for high school
and college students
To provide job place-
ment opportunities foi
youths to gain experience in
the private or public sector
To assist independent
summer camps in carrying
out their summer pro-
grammes
Mr Bethel said that over
6,500 young people from
throughout the Bahamas
participated in around 27
summer camps in New Prov-
idence and 30 in the various
Family Islands.
He said they took part in
activities such as swimming,
basketball, volleyball, lawn
tennis, karate, golf, art and
craft, band and music.
Mr Bethel thanked all
supervisors, co-ordinators,
teachers and parents, and
encouraged the students to
prepare themselves for the
new school year by studying
hard and remaining safe so
they can return to summer
camp again next year.


Share

your

news
The Tribune wants to hear
from people who are
making news in their
neighborhoods. Call us
on 322-1986 and share
yours.tory.


in the next day or so to check in
at least four hours in advance,
according to CBS 4 of Fort
Lauderdale.
The station reports that rough
weather in the northeast of the
US on Friday forced Spirit to
delay, divert and cancel numer-
ous flights into the weekend.
CBS 4 says: "extra pilots were
called in Friday and Saturday
to help ferry the (diverted)
planes back to their original


cockpit in a 24 hour period.
To add to the pilot shortage.
four pilots called in sick Satur-
day, another seven on Sunday.'
the report adds.
Spirit spokesman Alison Rus-
sell said cancellations impacted
about 10 per cent of the airline's
flights during the weekend.
The Miami Herald said the
disruptions left Spirit officials
facing a "horde of angry cus-
tomers over the weekend."


. -,t +



E SPIRIT has warned of potential delays


Man arrested in Abaco

after Nassau murder


* By DENISE MAYCOCK
Tribune Freeport Reporter
A NEW Providence man
wanted in connection with a
murder was apprehended by
police yesterday morning in
Abaco.
Press liaison officer Chief
Superintendent Basil Rahming
said that 28-year-old Cohen
Lightbourne was arrested
around 8am in Dundas Town.
Police had issued an all points
bulletin in the press fdr Light-
bourne, who is one of three per-
sons being sought for question-
ing in connection with the mur-
der of Carl Russell, which took
place on July 25 in the capital.
Mr Rahming said that a con-
cerned citizen in Abaco alert-
ed Marsh Harbour Police of
Lightbourne's whereabouts.
Acting on information, two
officers, assigned. to the Abaco,
Divisional Detective Unit at


Marsh Harbour proceeded to
the Texaco Service Station on
Forest Avenue, where they
made the arrest.
Lightbourne, who was report-
edly buying food at the time, was
apprehended without incident.
He has now been flown to
New Providence, where he is
assisting officers with their
investigation into the July mur-
der at the CDU headquarters.
Supt Rahming said police are
very grateful to the citizen for
alerting them to the presence
of Lightbourne.
"Thanks to the action taken
by a very concerned citizen on
the island of Abaco, a man
wanted by police in connection
with a recent murder in New
Providence is now safely (in cus-
tody)," said Mr Rahming.
Already, 50 persons have
been killed in 2007, making this
a record breaking year for mur.-
ders in the Bahamas.


U U


for flights out of Fort Laud-
crdalc. A combination of too
many travelers, too little lobby
space and ncw fees for checked


quoted by the media expressed
anger or frustration over the
problems, some appeared to
take it in stride.


Bonilla told the Herald ilte i
and his family returned I fi
Puerto Rico a day l:1cr iti
expected.


Success Fraining College announces registration for the fall semester. Register now ior Ce,
titicates, Diplomas, Associates and Bachelors programs. Special tuition discounts apply fir
recent high school graduates and government employees who register early.

FAST-TRACK JOB TRAINING COURSES
(6 12 weeks certificate courses. Prepare for a new job or qualify for career advancement


Medical Office Assistant
Computer UOffice Assist
Dental Office Assistant;
Office 1-iling Assistant
Office Receptionist
Bank Teller Specialist
BarlendtmgMi \ulgisil


Banking Office Assistant
Business Office Assistant
Electrician Assistant
Computer Technician
Ticketing & Reservations
Front Desk Assistant
Make-up Application Specialist


Dental Office Assistant
Pharmacy Assistant
Nursing Assistant
PC Publishing Specialist
Graphic Design Techno! .v
Drafting for Beginners
Legal Search Procedu c,


PARALEGAL DIPLOMA PROGRAM
Ctnipleie p separation for individuals interested in pursuing a career as a paralegal

ASSOCIATE DEGREE PROGRAMS
I(l-2i4 ii-,nithscifpldch:r.,c carec-.oricnted programs. Start training now for a high-paying job or career adat


BUSINESS SITIDIES
Business Admnimstation


Accounting
Econom(S &. 1 mancc
Human Resource Managenment
Banking & Finance
Executive Systems Management
Public Adminisu .ioon


COMPUTER SCIENCE
Computer Systems Management
Office Automation Science
Computer Graphics Technology
Internet Web Design Technology
Computer Information Systems
Network Systems Security
Computer Support Te -hnology .


ALLIED HEALTH
Medical Assistant
Dental Assistant
Pharmacy Technician

EDUCATION
Early Childhood Education
Primary Education


BACHELOR OF LAW
I H l Hons) offend in association with Hoiborn College and the University ofHu'ddersfield, London. England.

REGISTRATION & RECOGNITION
Su ccso., I rainng College ir, regitered with the Ministry of Education and the Department of Public Personni..

CREDITS TRAN*ER
Credits earned at Success are transferable to colleges and universities in Canada, USA, UK and the Cari'ibe;n
Additionally. an established articulation agreement between Success and Nova Southeastern University a3".,.,
Success' graduates to transfer seamlessly from Success to Nova.

Save Time Save Money Register Now!
Call 324-7770 or 324-7555 for details


hE3Im~~ur~m


,, ....A
:^ l/f/_


' L-


A TRIBUTE TO


SIR NICHOLAS NUTTALL

1933-2007


Your efforts to safeguard and protect

Bahamian biodiversity especially

marine resources like conch and

Nassau grouper will never be

forgotten.



We were truly encouraged by your

determination.



You have been an inspiration to us all.



We will continue your work to make

The Bahamas Marine Reserves

Network a reality.






The Nature

Conservancy nv

Protecting nature. Preserving life"


1___1_~_1 1_)1


-- ---- ------------ ---------~


FRIDAY, AUGUST 10, 2007, PAGE 7


THE TRIBUNE






THE TRIBUNE


;.':,L 8, FRIDAY, AUGUST 10, 2007


LOCALNW


RBDF band performs in Fox Hill


Royal Bahamas Defence
;e band performed in Fox
HsI on Wednesday night as part
if ie Fox Hill,Day activities

















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* A DEFENCE Force cymbals player


M KEEPING the beat 0 BLOWING the saxaphone


* THE Defence Force hand drum major moves the band forward


* A DEFENCE Force clarinet player


---AL-
* THIS Defence Force saxaphone player
keeps with the tune


* 1HIS little girl had a chance to M A DEFENCE Force officer dances
dante with a )Defenct, orce trumpet with a Fox Hill resident
player


* THE hand's hass drummer shows
how los he could go


Share your news
The ibit)Lnc \anls [o hcai liaimn pcu)pl wvho ar c making news
in their neighborhoods. Perhaps vou are raising funds for a _- f
gOoU d L ai- s c Ldii ipaii 1nJiL i A i 111)10 i 01 w [ iII( leha'( )
won an award O
It so, call us on 322-1986 and share your story.


_I I I I I_






FRIDAY, AUGUST 10, 2007, PAGE 9


THE TRIBUNE


Spend the summer with thei Hahaina leading ncws and information source.
Rttad along willth us in


Th-





*n w r


c'S


CA.I'ti"
0~a


F6r Kids 2.007


The Best


in the


World

Written by Marc Talbert
Illustrated by Betsy James

STORY SO FAR: Nick and Jazz are
attacked by a little mutt that has escaped
from a car

CHAPTER FIVE
A Back-Scratching Thing

NICK froze. The dog charging
them was small, but angry. A
shocked "Hey!" shot from Nick's mouth
as Jazz jumped from the bench, reaching
into the pocket of her jeans.
The dog stopped when Jazz hit the
ground. and seemed to swallow a bark,
almost choking. It leaned back, almost sit-
ting.
"Jazz, are you nuts?" Nick cried.
At the sound of Nick's voice, the dog
glanced up at him. its eyes frantic. It
seemed to realize, for the first time, that it
wasn't safe in a car anymore. Its startled
eyes darted back to Jazz and it bared its
teeth once more, its tail sharp as a wasp
stinger and vibrating with fear and anger.
"Get back up here!" Nick shouted. And
then, picturing the dog attacking her the
moment her back was turned, he bel-
lowed, "Don't move!" He looked for a
stick, a can, a rock, a bottle cap-any-
thing to throw at the dog. He cried out in
frustration, not seeing any useful litter or
junk anywhere.
Before he could leap off the bench to
save his sister, Jazz pulled a piece of cook-
ie from her pocket and held it out. The
dog seemed to hold its breath. "Here,
boy," Jazz said in her most gentle voice.
She stooped and held the cookie lower.
Nick couldn't believe his eyes Instead
ot biting off his sister's fingers, the dog
sniffed the cookie. It dipped its head, as if
bowing. Its tail relaxed and it stepped
forward and gently took the cookie from
Jazz.
Nick's knees turned to licorice whips.
He plopped onto the bench, sitting. An
older man burst out of the Scudsy-Sudsy,
yelling, "Boomer!" He ran up to the dog
and scooped him into his arms. He
stroked the dog's head with a trembling
hand and looked down at Jazz. "How
can I ever thank you for saving my little
Boomer! He might have been run over by
a car or lost or . or stolen!"
In answer Jazz held up her sign. On
shaky legs, Nick stood. "It goes like this."
He turned it right-side up.
"A joke?" the man said. "For a quar-
ter?"
Jazz nodded.
"If you don't laugh, you get your quar-
ter back," Nick said.
The man pulled a dollar bill from the
pocket of his pants. He handed it to Jazz.


"We don't have change, sin.' Nick said
"Not yet, anyway"
"That's quite all right young man A
good joke is worth fai moic than a quar
ter."
Smiling, Nick nodded to Jazz. "Go
ahead. Tell the joke "
Jazz took a deep breath and opened
her mouth, but before she could say any
thing they heard Clay yelling trom Jer
ry's Super-Duper Grocery.
"Nick! Jazz! Come here'
They turned to see Clay standing next to
Mr. Jerry himselt. C lay looked sa, ed
Nick held out the dollar -We 11 be back
. maybe."
The man waved the. dollar awa) l ug
going his dog. "You saved Booinci bat i
could use a laugh Hully bai k t you canl
I'm on the rinse cycle. '
Nick wondered wiia was going on as he[
and Jazz trotted toward 'Clay this gui reit
like-a knot of worms NMi .Jerry was we a-
ing a bloodstained apion troni t iieatc
counter and he diadnt look happy
"You friends of his ? Mm ii .i y put a
hand on Clay's shoulder Nick nodited


'Look. son. I don't allow people to beg
oft my customers. It's bad for business.
But youi friend here says you're raising
money to help feed the homeless. That
true?"
Nick looked from Mr Jerry to Clay,
whose large eyes were pleading for help.
Had Clay really said that? Nick tried to
picture Clay giving away money The
image that flashed in his mind was so fun-
ay. he smiled.
But raising money for the homeless was-
u't a bad idea. In tact, it was a great idea- -
even it it wasn't Clay's --maybe even espe-
*,ially because it wasn't Clay's. "Yep." he
said avoiding Clay's face. "We're trying
tor a iLcordd to see how much money we
:an make today. For the homeless."
Mt Jerry patted Clay's shoulder Clay's
head nodded, as if agieeig with Nick.
That s what youi buddy says. I just had
to makc suie I wasn t being conned You
know
NiMk glanced at Clay who looked as if
he weire going lo be sick
Mh Je, si ii ulcd '1"il match you dollai
toi doll ai And you know hat 1 in going


to do'? Call the newspaper. Tell them
what you're doing, why people should
help young folks help the homeless. Ask
them to send over a photographer and a
reporter.
"So here's the deal. I'm helping you. but
I want you to do something for me. It's a
back-scratching thing. When somebody
makes a donation, offer to take their gro-
ceries to their cai."
Looking beyond Clay., he said, "Here's
your first customer." He turned and
called, "Ma'am? Let this boy help you,
and please consider helping the home-
less."
Nick and Clay gasped. Mr. Jerry was
beckoning Clay's mother. And grand-
mnother.
(Continued next Friday)

Text copyright 2001 Marc Talberi
Illustrations copyright 0 2(X)1 Betsy James
Reprinted by permission of Brcakliis Seri-
als. Inc.
ww w.breakfastserials.com







THE TRIBUNE


PAGF 10. FRIDAY. AUGUST 10, 2007


Getting to grips with roads and driving


H ()L!.\NI): 1lhL
l\\ icl'l'- l ',l;ll i (I !i h
I1IIds on Nc\ Plovidencc, ;;ndl
lhI. I hwlesse',' o1 the o dic \e
,,i tli se ioads is a tl ;Iesty.v
I'or lthe Io t part, the shtieets
.I N\vw 'iovideince ;are litleied
\ith ipotholes, random builgs
.mausdI by pialtlrv t epii johs,
lii !ce unmm:ikd dutouts lcll by
.l dd lv utility workeis, I.,ai I)k ,e
amid lii: l ,hc' ; i1:1 h 1ix\ gradimally
c LC)t iintt li e SC uiinkcinipi
sl eL Is.
I'L so lnall I've ichain.ci d se\'-
cial tyies on my vehicle thii
vear., due to Ihe otii igeoIs cOll-
dit ions ot the loads in our caip
ilal city. t*rankly, diivin: on
ltlh S. re e ts is i ig i m a rtis m y!
In .lI e/ n.uly, two l mv
I n ,lI ii i Ii ,ii.n l \'i.,il kd mi- ho


se\ cral weeks. Honestly. I was
cniiihairassed by the shabby
state of our roads, particularly
as I could see them physically
c inge as 1 navigated our chaot-
ic streets. What's more, I found
myself attempting to travel
routes with the best road work,
however, even this, was near
impossible.
Having already travelled to
several European countries dur-
ing my current vacation, I can
categorically state that roads
are by and large well main-
tained. In addition to taking a
more proactive rather than
reactive approach to their coun-
tries affairs, it appears that
Europeans recognize that the
only way to maintain their
respective country's infrastruc-
ture is by paying taxes.


They said that the elephant is the
only aniiinal that could not jump.
At leyu.w we kiow that mnwtuq forward means
InLCvet conlorntg; it it ktnuvitg that nothing
:; :0o good that i t.:,Cnnt :b impruved;:
that ive:y;/hityi 1i o. pJ;j,', bt.. b t:Jse where
chuic is i a vWill, ih,..r i,;s wnay.













.4-1


I
-? t~ia~


YOUNG MAN'S VIEW


AD R I AN


It is high time that the
Bahamas' government started
to collect a road tax, so as to
efficiently build roads and
bridges, purchase and erect
signs and .functioning street
lights, and to maintain and clean
our roads. Such a move will
undoubtedly create more jobs
as well, but, only certified con-
tractors should be chosen for
road-related projects.
In Holland, for example, dri-
vers are charged a road tax


77mmmge


GIBSO N


based upon combined f
such as a vehicle's total
and the type of fuel it use
vers here are allowed
reasonable road taxes o01
month, once every
months or once per ye
ensure that their roads
abused, the Dutch road
authorities automatically
road taxes from a driver
account at a set time
more, drivers are pro
because when a vehicle







Movin~rggeward
Mov.A


insurance is expiring, insurance
companies are also authorized
to automatically deduct monies
to renew a policy from the pol-
icy holder's bank account.
Dutch citizens can rest assured
that if their taxes or fees are not
paid, that they will be tracked
down.


factors,
weight T
es. Dri- n Holland and several
to pay other European countries,
nce per cars that are smoking and poor-
three ly kept or that have broken or
;ar. To malfunctioning lights, seatbelts,
are not horns, brakes or windshield
traffic wipers are banned from the
deduct streets. Not only can a driver
's bank seen in a neglected vehicle be
. Even hit with lofty fines, but it is man-
)tected dated that all vehicles over
e's car three years old must have a
safety check each year. We
should immediately adopt these
policies in the Bahamas!
Driving in New Providence
is a deranged, death-defying
experience that residents
embark on daily. When in traf-
fic, many drivers act like law-
less lunatics, from creating a
new lane and driving down the
middle of streets to madly
hurtling in and out of corners
to stopping and holding up traf-
fic to chat!
What compounds the out-
landish traffic situation in New
Providence is the mayhem
caused by malfunctioning street
lights; pedestrians thoughtlessly
running across vehicles at any
point in the roads without
regard for a driver; motorcy-
clists without protective gear
bouncing in and out of traffic;
and imbeciles who jeopardize
people's lives by driving under
the influence of alcohol and/or
narcotics!

0Over the past two
years, I have been the
victim of two accidents in which
my vehicles were seriously dam-
aged. To my dismay, in seeking
compensation .for the first
mishap, I had to carry out a civ-
il action against the owner of
the vehicle that struck me.
Although I have since been ful-
ly remunerated, sadly, it took
more than a year.
In another unfortunate twist,
this past March I was again
struck by another reckless dri-
ver who, sped out of a corner as
if he were being chased by
Satan himself. Here, I sustained
some injuries, but was lucky
enough to escape alive. Unfor-
tunately, although police offi-
cers from the Grove police sta-
tion came to the scene, they
botched the investigation as the
driver not only stonewalled
them and failed to produce his
driver's license, but they were
fooled into believing that this
individual would show up later
that night with his license and
give a statement at the station.
He never did! Although anoth-
er police officer has taken over
the investigation, I am essen-
tially a victim of a hit-and-run
and downright fraud. Since the
accident, I have repaired my
vehicle out-of-pocket, howev-
er, when will I be compensat-.
ed?
A few weeks ago, on the
advice of the investigating offi-
cer, I visited the offices of a
prominent insurance agency


"'WEH


listen into ,W: Ni to win Cool Summer y"i

GIVE-FIWRY certificates from .PT- 7 -
hnd nc 4PLUS coses of 'L

ome in to Mastrj or aT mnd enter Ltcdy A &
Ter~h BM, W A



L__,q~rAf-fimm -ANim, MEA ',.. ,- .r A M "qll'


Ti
'I ~r 2~.lj


APPLIANCES & I i ( 'R ICS


*-?


~_-?----~--~-_~=--~-~--~E=;;;:


I


and discovered that lthe owi.i
of the vehicle had cancelled his
insurance policy shortly 1hb ic
they hit my car. Howcvi,, I did
ascertain enough infohiaimn'
where I could arinii',e loi lihe
insurance agent and lihe police
to talk, so that he could provide
the police with personal infoi
mation to which I was nol pi ivy.
This information could chiang
the future outcome of Ihi:; cse.
but for now, the slu'ggis inov\.;
tigation continues!

T he Bahalinmas mu;t.
immediately put k -p.i
lation in place that cie I g i/t
the different types i tdh ivc"',
licenses, seeking to lave diivi'
qualify for each. I ler in I lot
land, there are separate diivei
licenses for people who dii\
cars, ride motorcycles, who di i
ve big rigs, drive buses, ope-
ate heavy machinery (e.g. trai.
tors), and drivers must meet the
criteria to drive a vehicle thal
tows a caravan.
In striving to implement first
world initiatives in our countLry,
we must immediately find solid
tions to the maddening tiallic
dilemma. Every day, Bahami
ans waste hours in traffic, burn.
ing fuel, manoeuvring through
short cuts, acting out with road
rage and simply praying that
their cars won't be hil. Some
times, it is no wonder why some
Bahamians can be late toi wti k
or.meetings.
Why has it become a noi n
that inconsiderate bus drivers
can brazenly stop anywhierc on
congested streets to olffloiid pv.,
sengers? It is high-time that a
unified bus system be intro-
duced, that will not only cuib
the dollar-driven rat race
between bus drivers, but also
be organized to the point that
people would feel confident
about catching buses and pfi k-
ing their vehicles. With fuel'
prices soaring, both the public
and bus drivers/franchise hold
ers can gain from an elfficicnlly
ran, well-timed busing system.
Maybe with such a system. bus
drivers will then learn to ainrive
on time and stop at desiigna-ed
bus stops.

O n an island wilh an
ever increasing ptopi
lation, the traffic situation cain
also be curbed by construLcting
schools at different population
centres throughout New Prio\i
dence in order to reduce ttie
rush hour traffic on certain
streets during the school vcm.
There is also a pressing ieed
for a properly managed school
busing system.
To encourage road siLclv
Road Traffic Controllci Jack
Thompson proposes a 1our-
pronged approach- -that is. edu-
cation, engineering, proper leg
isolation and enforcement.
Indeed, the authorities inmui
first address the psyche of lltn
Bahamian people throut-h IifL-
ther edification on road silcliv.
but also by sending a stionyg
message through stringent, piti
less enforcement o the l;iaw. We
must also remember thou l,,h
that true road safety enmnot
come without safe roads--and
significant upgrades are des
perately needed!
ajbahama@holmail. corn





'4.


r-


----- ---











Caribbean countries are


showcased at culture day


:' .rt[ -,.
* ATTENDEES at the international culture day filled their
plates with food from around the Caribbean
IN "


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i3Mv9EhNMi .. k. w....Le a .- 72
* JAMAICAN interns at the Wyndham Resort proudly
showcased their country


0


CARIBBEAN interns at the
Wyndham Resort and Crystal
Palace Casino gave manage-
ment and staff a taste of their
heritage and way of life during
an "international culture day".
The exhibition featured vari-
ous Caribbean cultures through
food and eye-catching stall dis-
plays.
Anatole Major, human
resources manager responsible
for recruitment at the Wynd-
ham, said the interns who
include students at the Univer-
sity of the West Indies (UWI)
and a Bahamian student who is
studying in Greece were given
the opportunity to work in var-
ious departments to get expo-
sure to the hotel industry and
what it has to offer.
"This is nothing new for the
Wyndham. We have been spon-
soring on-the-job training
internships for a very long time.
This year I am very proud that
the interns are some of the
best," said Ms Major.
The young workers who
come from Jamaica, St Lucia,
Barbados, Trinidad as well as


the Bahamas were pleased with
the exposure and knowledge
they gained.
Corine George, who is pur-
suing a bachelor's degree in
tourism management at UWI,
said that her experience has
been fulfilling.
"I don't think I would get the
same experience at any other
property; since the property is
going through several transi-
tions I get to experience the
changes that are taking place
within the hotel. Everyone has
been very accommodating and
very nice," she said.
Valderine Major, UWI
internship co-ordinator, said:
"We are very pleased with the
co-operation of the hospitality
industry as a whole, especially
the Wyndham. Every year they
take students from the Univer-
sity of the West Indies Centre
for Hotel and Tourism and
Tourism Management.
"We will have given those
students the theoretical side of
hospitality and tourism and the
hotel then gives them the prac-
tical aspect," she said.


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Eric Tai, a Bahamian intern
who has made the choice to
study hospitality in Greece,


agrees that at the Wyndham he
is learning the practical appli-
cation of the theory he learned.


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I O ....A1 O.
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AUGUST 12T 16th, 2007


Bishop Simeon Hall Dr. Jay Simms


Dr. Rick Dean Dr. Richard Pinder Dr Mark Chironna


Rev. John Smith
Rev. John Smffh


Bishop Gary Mcilnosh Dr. Walter Koch Pas Ebenezer
Adjitena


Dr. Martin Williams


The Diplomat Center Nassau, Bahamas
www.bfmmrn.com
L& 461-6442 461-6445


4yi 4


14 5 .. - .
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ii~~ :'.~


FRIDAY, AUGUST 10, 2007, PAGE 11


THE TRIBUNE


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PAGE 12, FRIDAY, AUGUST 10, 2007


THE TRIBUNE


LOCAsLNEWS


FROM page one Officers


MR. SARKIS Izmirlian of Baha Mar and Mr. Charles Attwood
of Harrah's joint venture partners in the redevelopment of the Cable
Beach strip, held discussions recently with Prime Minister Hubert
Ingraham at the Office of the Prime Minister in the Cecil Wallace
Whitfield Centre, Cable Beach. From left: Mr. Attwood, Prime Min-
ister Ingraham and Mr. Izmirlian. (BIS Photo by Peter Ramsay)


FROM page one B
ment.
A source close to the Office of deadly
the Prime Minister, said that Mr conclu
Ingraham has particularly con- no an
cerned himself with the ability of Harra
investors to deliver on the dollar- wood
value of their projects, and the Altl
environmental impact their passed
investments would have on the tainm
Bahamas' natural resources. made
In the case of Baha Mar, the clause
investor group failed to reach a Baha
supplemental Heads of Agree- Bot
ment with the former PLP gov- contain
ernment on its project, which Cable
became necessary after the group Ho'
increased its investment in the ject 1
Cable Beach strip from $1 billion majoro
to $2.4 billion. contra
Baha Mar is reportedly seeking uatior
an increase in investment incen- where
tives in proportion to the group's oppor
investment increase in the pro- mal.
ject. Nei
The initial deadline for Baha presid
Mar to conclude these negotia- extern
tions with the government was Dave
set for March 1, 2007. It was nec- in the
essary for Baha Mar to meet this ter, re

FROM page one

apply instead of allowing backlogs to devel-
op.
He added that, in his opinion, even if a
young person misses the 12-month window
for applications which is between their
18th and 19th birthdays there is still a
strong case for their applications to be con-
sidered.
"The alternative would mean maybe hav-
ing to be deported from their country of
birth and we cannot possibly countenance
that scenario," he said.
Despite praising the audit, if it is indeed
as it appears on the surface, Mr Regnier
said that the immigration policy in the


aha Marl
ine in order to be able to
ide agreements with its casi-
d hotel operating partners
h's Entertainment and Star-
Hotels and Resorts.
hough the deadline has long
d, neither Harrah's Enter-
nent nor Starwood have
use of their walk-away
s in their agreements with
Mar.
th companies are said to
.ue to be committed to the
Beach project.
ever, the delay of the pro-
Las been described as a
or disaster" by Bahamian
actors who said that the sit-
m is not improving a market
e work and employment
tunities are aIreadv mini-
ther Robert Sands. vice-
dent of administration and
nal affairs at Baha Mar, nor
Davis. head of investments
Office of the Prime Minis-
turned 7 ic 'ribunes calls.


Immigrati
Bahamas still leaves a lot to
human rights violations are
noting numerous Bahamas-b(
deported to Haiti prior to 1
been unable to obtain the do
essary to return to this count
of birth and country of citize
National Security and Imm
ister Tommy Turnquest has
provides the Department of
with an opportunity to update
mation with those persons w
previously applied for citize
dency and did not receive a r
to April 30, 2007.


on Sunda;\ lune 17. is accused
ol causing gl icvous harm to
Desmond Key. Gardiner plead-
ed 1no guilty to the charge.
('ourl dockets fLurtlher alleged
that Tlavares Bowleg on Sunday,
June 17. aided and abetted in
causing grievous harm to
Desmond Key. Bowleg pleaded
not guilt\ to the charge of abet-


ment to grievous harm. Both
men opted to have the case
heard in Magistrate's Court.
They were each granted bail in
the sum of $10,000 with two
sureties. Both men have to
report to the police station near-
est them every Saturday. Their
case was transferred to Court
5, Bank Lane, and adjourned to


Wednesday, August 15, for men-
tion.
Mr Key's family alleges that
on June 17 Desmond was tak-
en into police custody at the
Grove police station on a traffic
obstruction charge, where he
was beaten in his cell by an offi-
cer and knocked unconscious.
Mr Key was subsequently taken
to the Princess Margaret Hos-
pital's Intensive Care Unit and
remains hospitalized.


Election court to start in October


FROM page one

15 and could continue until the end of the year.
PLP senate leader Allyson Maynard Gibson is
contesting the election results of the Pinewood
Gardens constituency which she lost to the Free
National Movement's candidate, Byran Woodside
-- Minister of State for Youth and Sports by 64
votes, according to the results of the May 2 general
election.
A trial over the Marco City petition has been
put down for January 21, 2008. PLP Senator Pleas-
ant Bridgewater is challenging the election results
of that constituency, which she lost to the FNM's
Zhivargo Laing, Minister of State for Finance, by
47 votes. Mr Laing's lawyer, Fred Smith, said yes-
terday that Mr Laing is confident that there will be
no successful challenge to his seat. According to Mr
Smith, it is going to be very tough for Ms Bridge-
water to upset Mr Laing's victory.
"The outcome of these challenges could dra-
matically affect the makeup of Parliament and
could change a number of seats," Mr Smith said.
The trial over the Blue Hills constituency -
which is the last case to be heard will come
before the court sometime in April next year. That
seat was won by the FNM's Sidney Collie, Minis-
ter of Lainds and Local Government, by 47 votes
over the Pl.l's Leslie Miller.

"We want to deal with those person
On1 have a constitutional entitlement 1
zcenship to The Bahamas." Minister
She desired if quest said. "That's those persons b
to be ended. The Bahamas who have applied be
orn individuals their 18th and 19th birthday. They
973 who have constitutional entitlement," he added
)cunenlts nec- Mr Turnquest said the ministry
rv their i place trying to put children of Bahamian m
nship." born in wedlock outside of The Bal
migration Min- who are not automatically Bahamian
said the audit fast track "and find out if any of those
f Immigration cations have fallen through the cracl
contact infor- He added: "This is not an apt
vho may have process, this is an audit or a review
ship or rest- out the status of where we are in te
response prior the number of applications."
"We hope that persons realize that

FROM page one
because of the late payment of prize money.
Yesterday, Minister of State for Culture,
Charles Maynard, explained the reason for
(government's delay in payment.
"The dilemma (arose) from the former gov-
ernment and it was something that we were
working hard on to clean up," Minister May-
nard said. He said that because improper plan-
ning and the absence of a "paper trail" between
the former PLP administration and the
Junkanoo Corporation of New Providence
(JCNP) the government was unable to distrib-
ute the prize money until yesterday.
According to Minister Maynard, the FNM
administration awarded the JCNP $205,000 for
the distribution of prize money and to cover
other debts.
"(There was) a lack of a proper structure to
begin with. in terms of the relationship between
the Bahamas government and the Junkanoo
Corporation of New Providence," he said.
"They had a verbal agreement and at the end of
the day there were some shortfalls and as a
result the prize money was not able to be paid."
According to Minister Maynard, one of the
shortfalls was the additional VIP seating
requested by the former administration. Nor-
nially govern nment officials are "given a block of
seats as VIP seats" and any additional seating
requested by government has to be purchased
and subsequently charged to government's
account, Mr. Maynard said.


Philip "Brave" Davis, senior counsel for the
PLP, said he was confident of the party's prospects
of success in the election court matters and is pre-
pared to see the cases through to the end.
"We are seriously confident that we have a good
prospect of success and that's why we are here,"
Mr Davis said.
Mr Davis explained that due to the number of
challenges, it is expected that each case could take
at least 10 weeks. According to Mr Davis, Marco
City will likely be heard in Freeport if the court is
able to make the necessary arrangements by that
time.
Michael Barnett, lead counsel for the FNM,
also expressed confidence about his client's
prospects of success.
"We think that the petitions have no merit and
we will answer those petitions in due course," Mr
Barnett said yesterday.
Mr Barnett noted that the outcome of the elec-
tion court cases could affect the representation of
the people. This is the reason that it is necessary to
have these matters resolved very quickly, he said.
"Unfortunately," he continued, "justice takes
time. They have presented these petitions and are
alleging a number of persons in Pinewood, 266
persons they said, voted who should not have and
the court will have to test whether or not that is
true and that will take time. "We are prepared to
meet the challenge," Mr Barnett said yesterday.

ns who serious about the national sovereignty and
:o citi- security of our country (and) that those
Turn- who are entitled to be here, we would like to
orn in deal with them so that they are not angry;
2tween that they are not feeling displaced and those
have a that are not entitled to be here, we can
d. make sure that they are not here," he said.
is also Minister of State for Immigration, Sena-
others, tor Elma Campbell, said ministry officials
hamas, are confident they would have "done away
is, on a with" quite a number of the cases pending
- appli- before the Department of Immigration as a
ks." result of the audits in New Providence,
proval Grand Bahama and Abaco.
to find The New Providence audit ended yes-
rms of terday. Audits are also scheduled for
August 29 in Freeport, Grand Bahama and
we are August 31 in Marsh Harbour, Abaco.

Junkanoo money

He said a $60,000 debt owed to JCNP for the
additional seating was charged to governmen-
t's account.
"All we know is that the bill (arose) within
the week before both Junkanoo parades... it's
not the way things should be done, and (there
is) nothing to say who these seats were given
to," Mr Maynard said yesterday.
Mr Maynard explained that the outstanding
debt had to be "factored in" before govern-
ment could disburse junkanoo prize monies.
"The prize money was supposed to be paid
by the Junkanoo Corporation and, like I said,
some verbal agreement and amendments to
the agreement were made (by the former
administration) and at the end of the day, the
groups were held hostage by this dilemma.
There was no paper trail, which was one of the
biggest problems, so we had to go back and
follow the whole sequence of meetings and so
forth and try to determine where the problem
(arose)."
The Tribune contacted Neville Wisdom, for-
mer Minister of Youth Sports and Culture, for
comment. Mr Wisdom said due to a high-level
"shuffle" by former prime minister Perry
Christie, his former duties did not include the
2006/2007 Junkanoo season.
Attempts were made to contact Mr Christie
for his comment, but he could not be reached
before press time


i)li imlm


Fidelity is now inviting applications for a:

MANAGER, INFORMATION TECHNOLOGY

Reporting directly to the Group CIO, the successful candidate will have
the following minimum requirements:

Bachelor's degree in Computer Science or related field
MCSE certified
Industry certifications such as CISSP or CCNA, would be an
asset
A minimum of 5 years experience in Systems Administration
preferably in a banking or other financial institution
Past experience in a management role
Proven project management skills
Must be able to work non business hours as required
Excellent written and oral communication skills

The successful applicant will primarily be responsible for managing the
overall IT functions of the Fidelity operations in the Bahamas and to
work in conjunction with the regional IT departments.

An attractive compensation package, including a comprehensive range of
employee benefits is offered.



Manager of IT
Fidelity Bank (Bahamas) Ltd.
P.O. Box N-4853
Nassau, Bahamas
Tel (242) 356 7764
Fax (242) 356 4189
Email:- jobs@fidelitybahamas.com


New security

measures

for airlines

travelling

to the US

FROM page one

lantic airliners headed for the
United States. Fortunately,
sound intelligence, internation-
al cooperation and quick action
by law enforcement officials on
both sides of the Atlantic pre-
vented that very serious plot
from becoming a reality.
Mr Chertoff said that the
plot does serve as a stark
reminder that the threat to air
travel by terrorists still exists,
and that "we must continue to
do everything in our power to
prevent this kind of threat
from being carried out."
Under the current rule, air-
lines provide passenger mani-
fest identifying who is getting
on the flight to Customs and
Border Protection after the
flight has already left the
ground. For US officials this
is too late.
"As the London plot
demonstrated, we need to do
everything in our power to
identify potential threats
before that airplane takes off,"
he said.
Now international air carri-
ers are required to provide
passenger lists to Customs and
Border Protection before
boarding is completed and
before the plane takes off.
When the rule takes effect,
DHS will perform watch list
checks against this verified pas-
senger data in order to deter-
mine whether someone who is
on that flight should not be
allowed to take off in the air-
plane. This will eliminate the
potential for flight diversions
or deplaning due to watch list
concerns.
The second step involves
strengthening air travel or pre-
screening domestically through
our Secure Flight programme.
Under the current system, it is
the airline that has the respon-
sibility for checking domestic
passenger names against the
terrorist watch list, which is
provided by TSA.
This process sometimes
leads to inconsistencies in how
the list is checked and how it is
maintained by the airlines, and
the result of that is frustration
for travellers.
Now it is proposed that the
TSA is going to receive some
very limited passenger infor-
mation from the airlines as ear-
ly as 72 hours before a flight is
due to take off. TSA will check
it against the watch list pro-
vided by the Terrorist Screen-
ing Centre, and transmit the
results back to the airline oper-
ators.
In the case of a watch list
match, TSA will have the time
to coordinate the appropriate
action, whether it involves des-
ignating someone for sec-
ondary screening, notifying law
enforcement to come and con-
duct an interview, or, if neces-
sary, preventing a person from
getting on an airplane.
"What is ultimately behind
today's announcement: Our
determination to do everything
we reasonably can to protect
the travelling public and the
people in this country from
dangerous individuals who
want to come in and do us the
kind of harm that people tried
to do last year travelling from
the United Kingdom to the
United States. Knowing in
advance who is going to board
an overseas flight to the US or
who is boarding a domestic
flight and checking them out
against our existing informa-
tion and watch lists is vital to
keeping our country safe as we
continue to facilitate legitimate
air travel. Secure Flight is
going to help us achieve this
while benefiting passengers
and air carriers alike, and
hopefully making it even more
convenient than it is now to
travel using our international
airways," Mr Chertoff said.
He admitted that there's not
a specific credible threat with
respect to a near-term or immi-
nent attack on the US, but said
that the environment is, I


KEMP'S FUNERAL HOME LIMITED
22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas




David John Pinder, 48

of Dodge Road,
Nassau, The
Bahamas will be
held at The
Chapel Of Love,
Kemp's Funeral
Home Limited,

and Bradley
Street, Palmdale,
Nassau, on
Friday, 10th
August, 2007 at
4pm.

Pastor Matthew Sweeting will officiate.

David was pre-deceased by his father,
Windfield John Pinder and his step father,
Harold Eldon. He is survived by his mother,
Susan Anne Eldon; brother, Gregory Pinder;
sister, Michelle Lightbourn; uncles, Hilbert
Pinder, Leslie Cartwright and Barry Barrett;
Aunts, Agnes Knowles and Diane Cartwright,
Cousin Bruce Pinder; sisters in law, Germaine
Pinder, Linda, Janice and Catriona Eldon,
Nieces, Raquel and Amanda Pinder, Christy
Lightbourn; Nephew Dylan Lightbourn;
Brothers-in-law, Richard Lightbourn, Johnny
Treco, Billy Sands; step brothers, Rick, Chris
and Roger Eldon; step sisters; Nancy Treco,
Cheryl Sands and Susan Saunders; special
friends and relatives, Stephen Cartwright,
Anthony Cancino, Ronnie North, Steve
Kemp, Bill (Cracky) Saunders, Patrick
Grammactico, Lil Bill Albury, Sean and Brent
Cartwright, Kristin Williams, Crab and Diane,
B.B. Pinder and many other friends and
relatives.

The family would like to thank Dr Christine
Chin, the nurses and staff of The Princess
Margaret Hospital, Nassau for the attention.
kindness and care that was given to David
during his time in hospital.

In lieu of flowers the family request donations
to be made to the following organizations;
Teen Challenge, P.O. Box SS-6754, Nassau,
Bahamas or Bahamas Air Sea Rescue
Association (BASRA), P.O. Box SS-6247,
Nassau, in memory of Mr David J. Pinder.


think, somewhat heightened in
terms of threat.
"We are concerned about
what we've seen in South Asia.
We're concerned about what
we've seen in Europe, includ-
ing what we saw a month ago
in London.
"All of these things added
up together the frequency of
statements we see publicly, the
history of what we've seen -
all of these things, I think, give
us a sense that we're entering a
period where the threat is per-
haps somewhat heightened,"
he said.












Award-wining local film off to major festival


as it secures North American distribution


THE Bahamian made mid-
length film Float has been
accepted into the prestigious
Rhode Island International
Film Festival, it has been
announced.
The film, by Mercury Rising
Media, has featured in 20 inter-
national film festivals to date.
With over 275 films from
around the world, Rhode Island


is one of several film festivals
that are able to nominate win-
ning short films for Oscar con-
sideration.
This fact alone makes the fes-
tival highly competitive receiv-
ing in excess of 2,000 submis-
sions of which less than 10 per
cent are accepted.
"We are definitely going to
this festival, We have skipped


the last four due to work on our
current projects, but Rhode
Island is such an important film
festival for short filmmakers in
particular, that it will be almost
criminal to not attend and rep-
resent our film and our coun-
try," said director Kareem Mor-
timer.
Float has only been out since
April, but has already won an


HBO award in Miami; the "best
of the festival" award in Torino,
Italy; the "best of Newfest"
award in New York and was
shortlisted for the inaugural
installation of the Iris Prize.

Competition

The Iris Prize selects 30 of
the most significant short films
created in the last two years
and has them compete for a
cash prize of $50,000.


Kareem will fly to Cardiff,
Wales in October in acknowl-
edgment of the nomination.
One of the largest indepen-
dent distributors and funders
of niche films, Frameline has
come aboard to market and
distribute Float in North
America.
Frameline has a client base
of more than 1,000 exhibitors, a
thriving home-video line, and
first look deals with several
major cable broadcast chan-
nels.


"Frameline is very excited to
have the opportunity to work
with Kareem on the distribu-
tion of Float. This accomplished
short represents a rarely-heard
voice and is an important story
to bring to audiences in the
United States," said Maura
King, distribution director for
Frameline.
Mercury Rising is currently
involved in post-production of
two documentary films and is
currently developing a feature
narrative film.


* CHRISTOPHER Herrod in Float







The Chicken




C ordon Bleu!

We've Added French Accents to Our Classic Chicken.


Black Forest Ham, Natural Swiss
Cheese dressed with Tangy Honey
Mustard on top of our Tender.
Center Cut Chicken.


'I'-


-0.


...- -o1 10, 2007, PAGE 13


THE TRIBUNE


~~"llllgnr-





THE TRIBUNE


PAGE 14, ', "


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I SECTION T 1 07


husiness@tribinemedia.net


S


Miami Herald Business, Stocks, Analysis, Wall Street


Government owes cruise lines $12m


* By NEIL HARTNELL
Tribune Business Editor

cruise lines $12 million in
unpaid passenger departure
lax rebates, Deputy Prime
Minister Brent Symonette told a meet-
ing of Bay Street retailers and shipping
companies, which discussed the ".teni-
porary rl.l .rn" of downtown Bay
Street's shipping facilities to Arawak
Cay and the multi-million dollar pur-
chase of a car dealer's parking lot.
Notes on the July 24 meeting at the
Ministry of Foreign Affairs, which have
been seen by The Tribune, detail pro-
posals to acquire for $1.9 million the
parking lot at KC New Car Sales.on
Victoria Avenue, which is owned by
car dealer Kenny Cartwright, and con-
vert it into one of three proposed jitney
depots.
The other two proposed jitney depots
to serve downtown Nassau are the park-
inmg lot next to West Bay Street's Europa
Hotel, and the Post Office parking lot.
The meeting notes detailed how the
Nassau Tourism and Development
Board's (NTDB) Suzanne Pattusch-
Smith reported that "discussions had
already commenced in and effort to
acquire the Kenny Cartwright (KC)
parking lot at $1.9 million and the park-
ing lot next to Europa.
"She went on to say that the Post
Office parking lot has also been pro-
posed as a possible jitney depot site to
complement the Kenny Cartwright
depot in the east and the lot next to


* Security concerns raised over Arawak Cay move, with worries that port's south-west relocation will take too long
Downtown jitney depot plans eye $1.9m purchase of KC New Car Sales parking lot
Meeting chaired by DPM hears plans for 'temporary relocation' of shipping
facilities to Arawak Cay, and inland break-bulk terminal at Gladstone Road


Europa in the west. "
Mr Symonette then said he support-
ed the installation of parking meters on
Bay Street, plus the pedestrianisation of
Charlotte Street and, maybe, Woodes
Rodgers Walk, as way to ease traffic
and congestion problems.
"He .[Mr Symonette] went on to say
that he does not think that the Gov-
ernment has the $2 million to purchase
the Kenny Cartwright lot, to which the
response was the private sector could
buy it and lease it back to the Govern-
ment," the briefing notes said.
"The DPM also revealed that the
Government owes the cruise ship indus-
try some $12 million, to which many
showed obvious surprise."
Research done by The Tribune indi-
cates that the outstanding amount owed
to the cruise ships is related to depar-
ture tax' rebates, and may have been
built up since 2001-2002, the final years
of the first Ingraham government. The
sums continued building under the
Christie administration.
The cruise ships get a 50 per cent
.rebate on the $15 per head passenger
departure tax, reducing this to $7.50
per passenger, if they exceeded an agreed
quota of passengers brought to the


Bahamas in any -
particular year.
Cruise industry
sources suggested .
that the outstand-
ing tax rebates
were one reason
why the major
lines, such as Car-
nival and Royal
Caribbean, were
taking such a 0 SYMONETTE
hard line in talks
over replacing the
Cruise Overnight Incentive Act, which
expired in 2003. The Bahamas is felt
likely to acede to many of their incen-
tive requests.
The July 24 meeting, which took
place at the Ministry's offices in the
Goodman's Bay Corporate Centre, is
understood to have been called as a fol-
low-up to Prime Minister Hubert Ingra-
ham's speech to the Chamber of Com-
merce banquet, where he lamented
about the dirty, rundown state of down-
town Bay Street, and how this paled in
comparison to the likes of Kerzner
International's Paradise Island resorts.
The meeting notes, which have been
corroborated to The Tribune by inde-


pendent sources, stated that it was held
to discuss short-term measures for alle-
viating "some-of the more obvious
problems the downtown area faces".
Among the major issues identified
were the absence of police to clamp
down on traffic congestion and petty
crimes; a lack of private parking in
downtown Nassau; dirt, garbage and
rundown buildings; and congestion
caused by the number of cargo vehi-
cles, taxis and jitneys passing along Bay
Street.
The meeting soon turned to the issue
of relocating shipping facilities from
downtown Bay Street as a way to
reduce the number of cargo trailers
passing through downtown.
The previous Christie administration,
and its master planners, EDAW, had
proposed relocating all shipping facili-
ties to a new purpose-built port in
southwestern New Providence, located
between BEC's Clifton power plant and
Commonwealth Brewery.
A final report on the proposed port's
financial and environmental feasibility
is due to be produced next month by
Dutch consulting firm, Ecorys, a pre-
liminary report having already been
delivered to the public-private Task-


force on the port relocation.
Yet the July 24 meeting initially saw
John Bethel, of Bethel Estates, talk
about the construction of an 'inland ter-
minal' on Gladstone Road. This was
billed as relieving 75 per cent of the
cargo traffic in downtown, as shipping
containers could be bussed there after
the normal business day ended, broken
down and goods recovered by recipi-
ents or shipped to their bases.
Mr Symonette, then, according to the
meeting notes, said an interim solution
was needed to downtown Nassau's ship-
ping facilities and traffic problems, and
that relocating the port to southwest
New Providence or another site would
take too long.
Mr Symonette then invited Jimmy
Mosko to outline a plan to "temporar-
ily relocate" the shipping facilities to
Arawak Cay.
"Jimmy took the floor and circulated
a map of Arawak Cay, and a table
showing cost for excavation and con-
struction to achieve this temporary
move. He talked about dredging into
Arawak Cay and creating sufficient

SEE page 12


By NEIL HARTNELL
Tribune Business Editor

MIRANT Corporation yes-
terday announced it had com-
pleted the sale of its 55.4 per
cent stake in Grand Bahama
Power Company to Japanese
conglomerate, Marubeni, late on
Wednesday this week, a deal
that took place outside the
approval ambit of Bahamian
regulators.
A line buried deep in Mirant's
10-Q form filed with the Securi-
ties & Exchange Commission
(SEC) confirmed: "On August 8,
2007, the Company completed
the sale of its Caribbean busi-
ness.
"Mirant executed a definitive
purchase and sale agreement
with a subsidiary of Marubeni
Corporation for the sale of its
j Caribbean business for a pur-
chase price of $1.071 billion,
which includes related debt'of
approximately $348 million,
power purchase obligations of
approximately $152 million and
estimated working capital at
closing.
"The net proceeds to Mirant
aftef transaction costs were $553
million and the Company


* By NEIL HARTNELL
Tribune Business Editor
MORTON Salt and the trade *
union representing 85 of its 104
non-managerial staff are headed'
back to the Department of
Labour again this month, this
time over the union's complaints
about how the 52 workers tem-
porarily laid-off last month were
selected.
Glen Bannister, Morton Salt's
managing director, confirmed to
The Tribune yesterday that the
company and Bahamas Industri-
al, Manufacturing and Allied
Workers Union were set to meet
at the Department of Labour lat-
er this month for mediation in
the situation.
"They've made a complaint to
the Department of Labour say-
ing that they do not like they way
we selected who would stay on
the job, who wouldn't stay on the
job," he added.
Morton Salt, which resumed
salt harvesting on Wednesday this
\cek after an almost-five month
hiatus since March 13. 2007, due
to heavy rainfall reducing the
amount of salt and brine in the
pans in Inagua, temporarily laid-
off half its non-managerial work-


Chamber chief
bemoans 'trading of
national infrastructure'
on global markets


expects to recognize a gain of
approximately $58 million in the
third quarter of 2007."
Edward R. Muller, Mirant's
chairman and chief executive,
said in a statement: "This com-
pletes the divestiture program
that we announced approxi-
mately a year ago with total net
proceeds of $5.076 billion.
Mirant's operations are now
exclusively in the United States."
Christopher Lowe, the Grand
Bahama Chamber of Com-
merce's president, yesterday told
The' Tribune that the way in
which thd deal was conducted -
Marubeni purchasing Mirant's
assets in Grand Bahama,
Jamaica, Trinidad and Curacao
by acquiring their Delaware-
domicilied holding vehicle,
Mirant Caribbean Holdings -
was disappointing because it

SEE page 8


force for two weeks between mid-
July and early August.
Mr Bannister pointed out that
Morton Salt had wanted to
include in the recently-signed
industrial agreement with the
union a clause allowing it to
reduce the work week from three
to five days if situations such as
unusually heavy rain impacted
the salt harvest.
He said, though, that the union
rejected this and it was excluded
from the final agreement, giving
Morton Salt no option but to
move to temporary lay-offs in
such situations. As a result, it was
difficult to see how the union
could complain.
Mr Bannister said relations
between Morton Salt and the
union would be "fine" as long as
both sides abided by the terms of
the industrial agreement.
He added that the company
wanted to work with the union
to address the issues Morton Salt
was experiencing. "We need to
focus on making the plant more
productive and more efficient.
and the employees are important
in doing that. So it's very impor-
tant for us and the union to work
together to keep the company in
Inagua." Mr Bannister said.


Morton Salt's August production cut 50 per cent


* By NEIL HARTNELL
Tribune Business Editor

MORTON Salt yesterday told
The Tribune that unexpected
heavy rainfall on Monday this
week was likely to slash its
August salt harvest in half, from
300,000 tonnes to 150,000
tonnes.
Glen Bannister, Morton Salt's
managing director, said: "In the
month of August, we expect an
inch of salt growth. We're hop-
ing that if .we do not get any
more rainfall, and there's some
evaporation of the water that
fell, we might get half of that."
One inch of salt growth per
month translated into 300,000
tonnes of salt, Mr Bannister
explained, the rainfall meaning


that "we would probably get half
of that now" or 150,000 tonnes.
He explained that Morton
Salt's pans on Inagua were
spread out over several ranges,
and half received the "full
brunt" of Monday's rainfall
while the others did not, leav-
ing the company to predict the
50 per cent cut in its August har-
vest.
"What we are trying to do
now is to minimise the effects
of the rainfall by bleeding rain
water off the salt pans," Mr Ban-
nister said.
He explained that because
brine water was heavier than
rain water, for a period of time
the latter floated on top, allow-
ing Morton Salt staff to pump
and bleed it off.


Mr Bannister said staff spent
most of Tuesday filtering off the
rain water, and were able to
remove some two inches on rain
water from the salt pans in
ranges one, two and three.
The heavy Monday rainfall
was the latest setback to befall
Morton Salt, which had to tem-
porarily lay off 50 per cent or 52
workers from its 104 non-man-
agerial staff for a two-and-a-half
week period last month after
heavy rainfall earlier this year
drastically reduced the amount
of harvestable salt. No salt
harvetsing had taken place since
March 13, 2007.
Mr Bannister said Morton
Salt, which had just completed
negotiations lasting two years on
a new industrial agreement for


think retirement


line staff represented by the
Bahamas Industrial, Manufac-
turing and Allied Workers
Union, had brought all laid-off
staff back on August 4.
However, they were unable to
recommence harvesting as
planned on August 7 due to the
heavy rainfall, but harvesting did
start on Wednesday, August 8.
"We feel we have sufficient
salt cake to sustain us until the
end of December, and barring
no more rainfall we should be
operate until then," Mr Bannis-
ter said.
"Everything depends on the
rainfall. We've never seen this
pattern of rainfall before. It

SEE page 7


is all play?

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L----


----------





PAGE B, FIDAYAUGUT 10,2007THEITIBUN


Bahamian


b adve\pt[ e i heTib^

*the#1nesppefi cmpultiD^n

jufst cll 22-886toay


A BAHAMIAN at Club
Med's San Salvador resort was
chosen as the best employee
for the North America region
from out of more than 3,000
of the company's staff.
Georgina Gibbons, a long-
standing Bahamian employee,
had the chance to travel to
Paris and the French Riviera.
She was personal thanked
and rewarded by the worldwide
Club Med president. Henry
Giscard D'Estaing, son of the


-I


former French president, E GEORGINA is pictured
Valery Giscard D'Estaing. above with her trophy


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.









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PAGE 2B, FRIDAY, AUGUST 10, 2007


THE TRIBUNE













BUSINESS _


Dhe f iami IIeral FRIDAY, AUGUST 10, 2007 INTERNATIONAL EDITION


THE MARKETS
STOCKS, MUTUAL FUNDS, 8B
DOW 30 13,270.68 -387.18
S&P 500 1,453.09 -44.40
NASDAQ 2,556.49 -56.49
10-YR NOTE 4.79 -0.09
CRUDE OIL 71.59 -0.56


Stocks


plunge


as credit


concerns


renewed

BY TIM PARADISE
Associated Press
NEW YORK Wall Street's
deepening fears about a spread-
ing credit crunch sent stocks
plunging again Thursday, with
the Dow Jones industrials
extending their series of triple-
digit swings and falling more
than 380 points. The catalyst for
the market's latest skid: a
French bank's announcement
that it was freezing three funds
that invested in U.S. subprime
mortgages.
The announcement by BNP
Paribas raised the specter of a
widening impact of U.S. credit
market problems. The idea that
anyone institutions, inves-
tors, companies, individuals -
can't get money when they need
it unnerved a stock market that
has suffered through weeks of
volatility triggered by concerns
about tight credit and bad sub-
prime mortgages.
A move by the European
Central Bank to provide more
fleidff&irM.?i'markets intensgi-
fied Wall Street's angst. The
Federal Reserve added a larger-
than-normal $24 billion in tem-
porary reserves to the U.S.
banking system.
The concerns that arose in
Europe and spilled onto Wall
Street underscored the poten-
tial worldwide ramifications of
an implosion of some subprime
loans and perhaps also weak-
ened arguments that strength in
the global economy could help
keep profit growth going in the
U.S. among large companies
that do business overseas.
The Dow fell 387.18, or 2.83
percent, to 13,270.68.
Bonds rose sharply as inves-
tors again sought the relative
safety of Treasurys, pushing
down the yield on the bench-
mark 10-year note to 4.79 per-
cent from 4.88 percent late
Wednesday.
The broader Standard &
Poor's 500 index fell 44.40, or
2.96 percent, to 1,453.09.
Before Thursday, the S&P
had its best three-day winning
streak in nearly five years. But
the latest pullback was the big-
gest point drop and percentage
loss for both the Dow and the
S&P since a market pullback on
Feb. 27.
The Nasdaq composite index
fell 56.49, or 2.16 percent, to
2,556.49. On Wednesday, it
posted its biggest point gain in
more than year.
The dollar was mixed against
other major currencies, while
gold prices fell. Light, sweet
crude fell 56 cents to $71.59 per
barrel on the New York Mer-
cantile Exchange.
Declining issues outnum-
bered advancers by about 4 to 1
on the New York Stock
Exchange, where volume came
to 2.8 billion shares compared
with 2.6 billion Wednesday.
The Russell 2000 index of
smaller companies fell 10.79, or
136 percent, to 784.87.
The Chicago Board Options
Exchange's volatility index,
often called the "fear index,"
rose Thursday to its highest
level since April 2003.
European stocks plunged.
Britain's FTSE 100 lost 1.92 per-
cent, Germany's DAX index fell
2.00 percent, and France's
CAC-40 fell 2.17 percent after
being down more than 3 per-
cent. Japan's Nikkei stock aver-
. age rose 0.83 percent. Hong
Kong's Hang Seng index fell
0.43 percent.


RETAIL


V
V
V

V I


MARK LENNIHAN/AP
BACK-TO-SCHOOL SHOPPING: Jhennel Bryan looks for clothes at Macy's on Thursday in New York.
Retail posted disappointing numbers in July as consumers rattled by a weakening housing
market and other financial pressures stayed away from stores and malls.


S


LUMPING SALES


RETAIL CONTINUES TO SUFFER FROM CONSUMERS' WORRIES
ABOUT HIGHER FUEL PRICES AND THE SLOWING HOUSING MARKET


BY ANNE D'INNOCENZIO
Associated Press
NEW YORK The sluggish
sales that have dogged the nation's
retailers this year are the result of
two quite different sets of prob-
lems: Consumers are cautious -
they're paying more for gasoline
and watching their home values
Iall. And, the stores just don't seem
to have the merchandise that peo-
ple want to buy.
As retailers reported generally
disappointing July sales results
Thursday, it was clear that the
weakening housing market and
more expensive gas had shoppers
limiting their trips to the mall and,
when they did go, buying tenta-
tively, following a pattern that
began back in February.
But analysts say stores can't
blame all their problems on mac-
ro-economic conditions. Even teen
retailers like Pacific Sunwear of
California and Wet Seal, which
tend to be least vulnerable to the
whims of the economy, had a bad
month. That suggests to analysts
that stores are not serving up the
most exciting products.
"There is a big middle that is
treading water, trying to figure out
what their consumers are looking
for," said Trish Walker, partner in
the retail practice at the consulting
firm Accenture.
John Morris, managing director
of Wachovia Securities agreed,
noting that consumers may not
have an urge to go to the mall


since "a lot of fall trends are exten-
sions of what worked in the spring
and summer." They include khaki
shorts and baby doll tops in heav-
ier fabrics.
Meanwhile, sales of electronics
like flat-screen TVs haven't been
suffering.
The July results were in line
with the modest 2.3 percent same-
store sales pace so far this fiscal
year, which started in February,
but is well below the 3.9 percent
average in the year-ago period.
The weak sales reports do not
bode well for retailers' second-
quarter profits, which are sched-
uled to be announced starting next
week.
Wal-Mart Stores also said its
profit margins were being
squeezed due to heavy discount-
ing. The world's largest retailer
posted a 1.9 percent same-store
sales gain, beating the 1.5 percent
estimate of analysts surveyed by
Thomson Financial.
The company is expected to
report its second-quarter earnings
results on Tuesday.
Rival Target's same-store sales
rose 6.1 percent, above the 5.9 per-
cent forecast.
Costco Wholesale reported a
7 percent increase in same-store
sales, exceeding the 5.5 percent
estimate, while J.C. Penney posted
a robust 10.8 percent gain in its
department store business, above
the 9.8 percent forecast.
Nordstrom reported that same-


FOOD


Campbell Soup might


sell its Godiva brand


BY CHRIS BURRITT AND JORAM KANNER
Bloomberg News
Campbell Soup may sell its Godiva
chocolate brand to focus on increas-
ing global sales of healthier soups,
snacks and beverages. The shares fell
4.6 percent, the most in more than
three years.
Campbell, the world's largest
soupmaker, may spin off Godiva or
sell it to private-equity investors or a
manufacturer such as Hershey, ana-
lysts said. Company spokesman
Anthony Sanzio declined to elaborate
on options for the division.
Godiva, which generates about
7 percent of Campbell's annual sales
of $7.3 billion, doesn't fit Chief Exec-
utive Officer Douglas Conant's strat-
egy to accelerate U.S. growth with V8
juices, soups and Swanson broth
while expanding into faster-growing
markets in China and Russia.
Selling Godiva "will be a positive
for Campbell," said Mariann Mon-
tagne, an analyst at Thrivent Asset
Management in Minneapolis, which
owns Campbell shares among
$70.6 billion in assets. "They'll proba-
bly use proceeds to invest in emerg-
ing markets and higher-growth cate-
gories."


Shares of Camden, N.J.-based
Campbell, which also sells Pepper-
idge Farm cookies and breads, fell
$1.70 to $35.25 in trading on the New
York Stock Exchange, the biggest
decline since May 2004. The stock
has dropped 9.4 percent this year, fol-
lowing a 31 percent jump in 2006.
Conant, 56, said premium-choco-
late sales are strong, making it "the
right time to explore strategic alter-
natives" for the division, owned by
Campbell for almost 40 years.
Godiva may fetch more than $1 bil-
lion in possible bids by Hershey,
closely held Mars and Cadbury
Schweppes, the world's biggest
candy maker, according to a report
by Rob Moskow, a Credit Suisse ana-
lyst in New York.
Companies such as Hershey and
Mars that have tried to capture
demand for darker forms of choco-
late in recent years "certainly would
admire Godiva's resonant brand,"
Moskow said.
Hershey spokesman Kirk Saville
and Cadbury spokeswoman Katie
Bolton declined to comment on ana-
lysts' reports. Mars spokeswoman
Alice Nathanson wasn't immediately
available for comment.


REED SAXON/AP
LOOKING: An unidentified
shopper examines sale items
at a Wal-Mart in Santa Fe
Springs, Calif.

store sales rose 9.4 percent as the
well-heeled customer continues to
splurge. The results beat the
4.2 percent estimate.
Macy's' 1.4 percent decline in
same-store sales for the month
was in line with the 1.5 percent
analysts expected.


EUROPE


Central


Bank adds


$131B cash


to slowing


market

BY MATT MOORE
Associated Press
FRANKFURT,. Germany The
European Central Bank loaned nearly
$130.81 billion in overnight funds to
banks at a bargain rate of 4 percent on
Thursday, putting more cash into a
global financial system jolted by the col-
lapse of the subprime mortgage market
in the United States.
Analysts and economists were sur-
prised by the move, with some seeing it
as evidence that the problems in sub-
prime lending are spilling into the gen-
eral economy and others as a case of the
European Central Bank stepping in
where the U.S. Federal Reserve Bank
has not.
"The ECB tender [versus] Fed inac-
tion reflects differences in U.S. and
European approaches to managing
economies," said Peter Morici, an eco-
nomics professor at the University of
Maryland.
The European Central Bank, which
controls monetary policy for Germany,
France and 11 other nations in the euro
zone, said it allocated the funds in the
one-day quick tender to ensure orderly
market conditions. Forty-nine bidders
took part in the tender.
Its action came after French bank
BNP Paribas announced the suspension
of three asset-backed securities funds
worth $2.75 billion, saying it could not
value them accurately. They are Parvest
Dynamic, BNP Paribas Euribor and.
BNP Paribas Eonia.
The most recent repurchase agree-
ment was on Wednesday, the day.after
the Fed held its key interest rate steady
at 5.25 percent, and had added $8.75 bil-
lion in temporary reserves.
"Today's events show that either the
Fed committed a large policy error on
Tuesday, or that both the Fed and the
ECB are themselves more in the dark 6n
the problems that lie underneath the
surface than are investors in the finan-
cial markets," Tony Crescenzi of Miller
Tabak said in a research note.
The Fed met Tuesday to discuss
monetary policy and announced after
the meeting that inflation, not credit
problems, remained its major concern.
The ECB's move shows their differ-
ence in approach, analysts said.
"Europeans are inherently more
activist, but the ECB is taking a big risk.
Efforts to prop up markets can fail and
actually create a crisis in confidence,"
Morici said.
AP Economics Writer Jeannine
Aversa in Washington and AP Business
Writer Tim Paradis in New York con-
tributed to this report.


CANDACE BARBOT/HERALD STAFF
FOR SALE: Campbell Soup, the world's largest soupmaker, announced
it has placed its Godiva chocolate brand on the selling block.


Godiva competes globally against
Swiss confectioners Nestle and Lindt
& Spruengli, which makes Ghirardelli
chocolates. In the U.S., Hershey has
added premium chocolates to its less
expensive lines, such as Kisses can-
dies.
Godiva charges $20 for one pound
of chocolate-dipped pretzels, $3 more
than Hershey charges for a pound of
its chocolate-covered pretzels,
according to the companies' web-
sites.
Costs to advertise new chocolates
have hurt earnings this year, lower-


ing profit at the unit that includes
Godiva by 2.5 percent to $119 million
in the nine months through April 29.
Operating profit in the U.S. soups,
sauces and beverages unit rose 11 per-
cent to $778 million.
Conant, who took charge in 2001,
wants to tap rising incomes and pop-
ulations that are growing faster than
the United States. by selling meat and
vegetable broths in Russia and China
this year.
Campbell hired Centerview Part-
ners to advise it on what to do with
Godiva.


~I___~


- ,, I I I - I I











YADIRF AUGUST 10 2007 INTERNATIONAL EDITION


S&P 500 S 4 -56.49 DOW '-387.18 30-YR T-BNDS +.01 CRUDE OIL -.56 6-MO T-BILLS +.03 EURO $ -.0112 GO -13.10
1,453.09 44.40 2,556.49 5649 13,270.68 503$71.59 5rk03% ets 13686 $661.40




Money&Markets


MiamiHerald.com I THE MIAMI HERALD


1,600 1,560


2,800


10 DAYS


1,550 1,480
1,400 AAA


2,740


10 DAYS


2,700 2,620 ti rN
2,500
2,600 A/


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


1,400 ...... . .. ....... S&P 500 2,400 .. Nasdaq composite
Close: 1,453.09 Close: 2,556.49
Change: -44.40 (-3%) Change: -56.49 (-2.2%)
1,3 50 .... ... ...... ............... ....... 2,30 0 ................ ...... .... ..............................................
F M A M J J A F M A M J J A


StocksRecap

NYSE NASD
Vol. (in mil.) 5,764 3,499
Pvs. Volume 5,301 3,513
Advanced 713 1087
Declined 2629 1996
New Highs 74 89
New Lows 293 265


Nu Lsot Chg
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ABN Amro 47.12 -237
ACE Ltd 56.63 -1.59
AES Corp 1836 -.83
AFLAC 55.78 -1.14
AMR 23.83 -1.24
ASMLHid 28.76 -.78
AT&Tlnc 39.25 -1.10
AUOptron 16.27 -.13
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AbtLab 54.93 -1.37
AberFitc 75.38 +120
Accenture 39.80 -1.62
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Allstate 51.17 -2.96
Alltel 66.17 -121
AlteraCp If 25.45 +.39
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Amazon 74.11 -3.67
AmbacF 69.50 -2.90
Amdocs 35.23 -359
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AMoviIL 58.44 -236
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AmCapStr 42.71 -34
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AmExp 60.65 -231
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AnglogldA 37.45 -1.02
Anheusr 48.50 -2352
Aon Corp 41.46 -1.04
Apache 81.46 +.27
ApolloGrp 58.25 -2.56
Apple Inc 126.39 -7.62
ApplBio 32.99 +.62
.ApldMatl 2239 -37
ArcelorMit 59.83 -437
ArchDan 35.18 -.01
ArchstnSm 56.50 -.83
AstraZen 48.95 -2.09
Autodesk 43.63 -.40
AutoData 47.55 -1.48
AutoZone 116.69 -539
AvalonBay 12042 +.01
Avaya 1626 -.34
AveryD 59.68 -.79
Avon 34.77 -.54
BASF 124.05 -6.13
BB&TCp 40.08 -1.25
BCE g 37.01 -.56
BG Grp 78.31 -1.83
BHP BilILt 60.60 -3.47
BHPBil pIc 5431 -359
BJ Svcs 26.00 -.48
BP PLC 65.64 -2.46
BTGrp 61.75 -3.14
BakrHu 79.41 -.04
BanColum 3434 -2.00
BcBilVArg 24.20 -.89
BcBradess 25.74 -1.27
Bncoltau 42.85 -1.57
BcoSnCH 18.74 -.65
BcSanChlle 45.10 -1.88
BkofAm 48.35 -1.35
Bkireind 76.87 -5.13
BkMont g 60.81 -2.35
BkNYMel 43.44 -1.53
BkNovag 46.30 -1.81
Barclay 54.26 -3.49
Bard 80.38 -.60
BarrPhm 54.64 -.36
BarrickG 33.77 -33
Baxter 52.15 -2.35
BayerAG 71.92 -2.93
BearSt 114.05 -7.07
BectDck 75.08 -3.09
BedBath 35.73 -.81
BerkHa A 112200 -795
BerkH B 3643 -44
BestBuy 44.93 -.34
Biogenldc 58.13 -.76
Biomet 45.61 -.05
BlackD 89.60 -3.24
BlackRock 156.43 -6.06
BIEnhGvIn 17.82 -.02
BIkFItRtInc 17.12 -22
Blackstn n 24.92 -.35



Name LastChg
EastemPlat 2.40 -.10
FirstQntumo 8333 -1130
CdnNatRail 55.66 -1.19
Goldcorpinc 2630 -.82
BkMontreal 64.10 -232
CIBC 89.30 -332
SthAmerGIdo .04 ...
TelusCorp 53.85 -131


HIGH LOW
DOW 13652.33 13270.68
DOW Trans. 5075.75 4970.88
DOW Util. 506.53 493.15
NYSE Comp. 9746.15 9449.31
NASDAQ 2615.93 2556.49
SAP 500 1497.21 1453.09
S&P 400 869.71 848.89
Russell 2000 796.32 779.65
Wilshire 5000 15046.24 14640.32


Name Last Chg
BlockHR 19.73 -.79
Boeing 98.30 -4.42
BostProp 104.86 +1.98
BostonSci 13.76 +.56
BrMySq 28.18 -1.75
BritATob 66.96 -1.16
BritSky 55.95 +.67
Broadcom 35.84 -.14
BrkfldAs gs 34.15 -.19
BrkfldPr s 24.57 -.07
BungeLt 89.87 -1.59
BurINSF 81.00 -1.60
CA Inc 24.00 -1.18
CB REllis 29.51 -126
CBS B 30.66 -1.30
CDW Corp 83.78 -1.12
CGG Verit 47.36 -2.80
CH Robins 51.60 +.18
CIGNA s 45.11 -1.79
CIT Gp 34.81 -2.41
CME Grp 593.75 -1125
CNA Fn 40.01 +.22
CNH Gbl 50.33 -2.51
CNOOC 112.68 -5.29
CPFL En 59.01 -.79
CRH 44.98 -1:38
CSX s 46.01 -1.57
CVS Care 37.69 -1.00
CablvsnNY 32.66 -1.34
CadbyS 47.27 -.76
Cameco gs 38.40 -120
Cameron 76.52 -4.10
CampSp 35.25 -1.70
CIBC g 84.62 -3.57
CdnNRy g 52.77 -128
CdnNRs g 67.13 -1.50
CP Rwy g 72.08 -2.57
Canon s 53.22 -1.38
CapOne 68.00 -3.59
CardnlHIth 66.91 -2.23
Carnival 47.40 +.59
CamUK 45.89 +.09
CarolinaGp 72.33' -2.68
Caterpillar 78.48 -2.42
Celgene 59.71 -1.91
Cemex .32.93 -.23
Cemig pfs 19.33 -1.37
ChesEng 33.77 -1.66
Chevron 81.11 -3.22
ChinaLfe s 58.76 -2.23
ChinaMble 54.86 -2.26
ChinaNet 47.54 -2.16
ChinaPet 97.03 -3.98
ChinaTel 52.65 -1.91
ChinaUni 15.77 -.68
Chubb 47.36 -2.44
ChungTel 15.82 -.73
CinnFin 36.91 -321
Cintas 37.67 -.74
Cisco 31.40 -.28
Citigrp 46.90 -2.59
CitrixSy If 34.96 -2.69
ClearChan 35.34 -1.48
ClearCh 26.52 +.83
Clorox 58.90 -.81
Coach 44.15 -2.13
CocaCE 23.43 -.01
CCFemsa 38.00 -1.38
CCHellen 44.85 -2.52
CocaCI 55.85 -.01
CogTech 85.12 -1.91
ColgPal 66.50 -1.86
Comcast s 25.05 -.67
Come sp s 25.02 -.47
Comerica 53.26 -2.74
CmcBNJ 35.66 -.64
CVRD 46.88 -2.12
CVRD pf 40.08 -2.32
CompsBc 69.08 -1.35
CompSci 49.92 -3.06
ConAgra 25.91 -.50
ConocPhil 78.23 -2.44
ConsolEngy 41.58 -.41
ConEd 46.94 -.06
ConstellEn 84.23 -4.21
Coopers 49.56 -.68
Coming 23.59 -.44
Costco 63.24 -1.71
CntwdFn 28.66 -.45
CoventryH 51.12 -1.79
Covidien n 39.76 -1.38
CredSuiss 68.70 -2.70
CrwnCstle 38.99 -.31
Cummins s 108.76 -10.47,
DJIA Diam 132.79 -3.76
DTE 48.26 -1.63
DadeBeh 74.70 -.31
DaimlrC 84.35 -4.21
Danaher 81.37 -.40
Dassault 61.20 -.24
DaVita 56.95 +.21
Deere 120.10 -4.74
Delhaize 88.66 +2.56
Dell Inc If 26.43 -1.35
DeutschBk 133.45 -7.94
DeutTel 17.99 +.08
DevDv 50.51 -.37
DevonE 76.54 -2.36
Diageo 82.38 -2.10
DiaOffs 94.67 -1.88
DirecTV 21.80 -.13
Discover n 22.16 -2.13
DiscHoldA 25.46 -.68
Disney 33.00 -129
DomRes 90.85 -.25
DonlleyRR 35.22 -2.54
Dover 49.20 -1.93
DowChm 42.15 -1.18
DuPont 49.06 -.37
DukeEgy s 19.40 -.14
ETrade 16.65 -.51
E.ON AG 51.73 -1.67



Name last Chg
TVIPacifico .12 -.03
UTSEngyCorp 5.56 -35
TimmincoLtd 7.50 -.20
PotashCorp 87.86 -5.39
AbitibiCons 2.47 +.14
EqnoxMnrlso 3.52 -.30
UraniumOneo 10.80 -.70
NeoMatTech 4.40 -.05


CLOSE CHG. %CHG. WK MO QTR YTD
13270.68 -387.18 -2.83% V V A +6.48%
4970.93 -108.46 -2.14% V V A +9.01%
493.15 -13.58 -2.68% V V A +7.96%
9449.31 -296.89 -3.05% V V A +3.40%
2556.49 -56.49 -2.16% V V A +5.85%
1453.09 -44.40 -2.96% V V A +2.45%
849.80 -19.91 -2.29% V V A +5.65%
784.87 -10.79 -1.36% A V V -0.35%
14640.32 -405.91 -2.70% V V A +2.68%


WidelyHeldStock:
Name Last Chg
eBay 36.59 -.12
EMC Cp 17.74 -.66
ENI 67.25 -2.86
EOG Res 73.13 -.12
EKodak 27.50 -.36
Eaton 86.47 -7.19
EchoStar 38.30 -1.52
Ecolab 42.43 -.76
EdisonInt 52.76 -3.54
Edwards 80.20 -2.45
EIPasoCp 16.83 -.57
Elan 19.91 +.33
ElectArts 54.17 -.03
EDS 22.67 -.19
Embarq 57.25 -2.87
EBrasAero 49.04 -.89
EmersnEI s 45.82 -2.75
EEIChile 42.51 -1.29
Enbridge 35.11 +.90
EnCana 59.36 -1.62
Endesa 54.11 -.80
Enel 50.54 -1.08
EngyTEq 35.45 -.89
EngyTsfr 48.56 -2.85
Enersis 17.34 -.81
EnhEqYP 18.00 -.15
ENSCO 55.57 -2.84
Entergy 98.59 -4.11
EntPrPt 29.15 -1.12
EqtRes 52.21 -.59
EqtyRsd 41.45 -.32
EricsnTI 37.07 -1.68
EsteeLdr 43.25 -.74
EverestRe 97.70 -2.64
Exelon 75.25 -1.15
Expedia 28.50 +.71
Expdintl 52.36 -.32
ExpScrip s 51.04 -2.45
ExxonMbl 83.60 -3.95
FMCTch 90.92 -3.15
FPL Grp 61.25 -1.35
FannieM If 65.93 -.82
Fastenal 51.07 +.18
FedExCp 109.50 -.59
Fiat 27.09 -1.02
FidNlnfo 49.71 -1.09
FifthThird 38.61 -1.49
FirstData s 31.01 -.74
FstSolar n 103.00 -6.90
FTSpcFn n 17.21 -.07
FirstEngy 61.36 -2.90
Fiserv 46.74 -1.07
Flextrn 11.47 -.07
Fluor 120.32 +.72
FEMSA s 33.93 -1.92
FordM 8.38 -.49
ForestLab 35.99 -1.00
FortuneBr 86.84 -1.87
FosterWh 97.62 -2.37
FranceTel 28.06 -.69
FrankRes 121.84 -3.63
FredMac 61.67 -.97
FMCG 85.86 -4.85
FresenM 49.44 -.48
Fujifilm 42.09 -2.35
GameStop s 40.95 -3.09
Gan.ett 47.34 -.64
Gap 15.66 -.07
Garmin s 102.32 -1.61
C,- ientch 73.46 -1.12
Dynam 74.24 -4.09
Gi.iElec 38.94 -1.52
GnGrthPrp 51.73 +.81
GenMills 54.84 -2.08
GnMotr 34.85 +.03
GenuPrt 48.63 -1.42
Genworth 27.18 -1.97
Genzyme \ 60.48 -2.34
Gerdau 24.49" -1.29
GileadScis 37.31 -1.11
GlaxoSKIn 52.45 -.31
GlobalSFe 67.20 -1.28
GoldFLtd 15.04 -.47
Goldcrp g 24.92 -.77
GoldmanS 182.25 -11.05
Goodrich 59.84 -3.16
Google 514.73 -11.05
Graingr 84.61 -2.12
GrantPrde 52.57 -.98
GpTelevisa 24.86 -1.14
HDFC Bk 82.71 -5.29
HSBC 91.33 -1.90
Hallibrtn 33.44 -1.03
Hanson 110.36 -.79
HarleyD 57.92 -.21
Harman 114.50 -2.02
HarrahE 83.26 -1.23
HarrisCorli 54.73 -.94
HartfdFn 85.44 -5.84
Heinz 42.10 -1.71
HellnTel 15.49 -.42
Hershey 47.56 -.93
Hertz n 22.39 -1.21
Hess 57.50 -.70
HewlettP 47.02 -2.38
Hilton 44.30 -.70
Hitachi 70.03 -1.91
HomeDp 35.79 -2.01
Honda 33.87 -1.13
HonwllIntI 56.78 -.97
Hospira 38.15 -.82
HostHotIs 22.71 -.62
HuanPwr 41.74 -.83
HudsCity 13.64 +.12
Humana 58.39 -4.32
IAC Inter 26.12 -.35
IC:CI Bk 41.60 -2.65
ING 41.73 -1.66
iShEMU nya 112.88 -5.01
iShJapan 14.12 -.23
iShMalasia 10.99 -.45
iShDJDv 67.80 -2.30


Name Last Chg
iShSP500 145.55 -4.47
iShEmMkt 129.80 -5.60
iSh EAFE 77.97 -2.29
iSRIKV nya 82.19 -2.97
iSR1KG nya 58.43 -1.48
iShR2K nya 77.69 -1.86
iShMSCIV 74.99 -2.38
ITT Corp 63.74 -3.28
ITW 54.26 -1.22
ImpOil gs 42.40 -1.62
ImpTob 84.95 -4.20
IndoTel 45.65 -2.02
Infineon 15.12 -.46
InfosysT 49.30 -1.97
IngerRd 48.50 -2.54
Intel 23.92 -.76
IntcntlEx 154.00 -5.88
IntCtlHtl 22.67 -.79
IBM 110.73 -2.25
IntlGame 34.49 -.92
IntPap 33.65 -1.75
Intuit 26.54 -1.79
IntSurg 201.30 -9.95
Invesco 25.17 -.56
IronMtn s 30.17 +1.22
JPMorgCh 44.17 -2.34
JacobsE s 68.83 +2.92
JohnJn 60.83 -1.66
JohnsnCtl 117.62 +.01.
JnprNtwk 33.60 -.79
KLA Tnc 59.41 +.70
KPN 14.74 -.78
KT Corp 22.49 -.86
Kellogg 53.75 -1.65
Keycorp 33.44 -2.21
KeySpan 41.65 -.33
KimbCIk 68.46 -1.21
Kimco 41.62 +.56
KindME 48.63 -2.47
Kinross g 12.73 -.40
Kohls 59.64 +.28
Kookmin 77.85 -4.66
KoreaEIc 22.82 -.58
Kraft 31.45 -1.33
Kroger 24.83 -.62
Kubota 41.85 -1.32
Kyocera 88.82 -6.59
L-3 Corn 98.03 -2.16
LG Philips 23.98 -.09
LabCp 74.48 -2.07
LafargeSA 39.76 -2.42
LamRsch 55.31 -3.32
LVSands 108.15 +1.85
LeggMason 86.00 -1.88
LehmanBr 60.15 -4.63
LeucNati 47.07 +2.66
Level3 5.38 +.25
LibGlobA 41.30 -1.73
LibGlobB 41.50 -1.78
LibGlobC 38.75 -2.19
LibtyMintA 18.63 -1.19
LibtMCapA 114.15 -1.12
LillyEli 57.85 -.55
Limited 23.88 -.69
LincNat 57.17 -4.16
LinearTch 35.41
LloydTSB 44.44 -1.75
LockhdM 91.36 -3.31
Loews 43.62 -2.35
Lowes 27.43 -1.04
Luxottica 35.50 -.75
Lyondell 44.30 -.46
M&T Bk 99.95 -7.40
MBIA 58.99 -3.50
MEMC 53.75 -3.52
MGMMir 75.43 -.89
Macys 33.56 -1.98
Magnal g 83.79 +3.88
Manulifgs 37.81 -.97
Marathons 49.24 -2.82
MarlntA 43.52 -.42
MarshM 26.44 -.26
Marshlls 43.38 -1.60
MarvellT 17.58 -.02
Masco 26.03 -2.01
MasterCrd 141.28 -6.74
Matsush 18.15 +.05
Mattel 22.48 -.49
Maxim hlf 30.70 -.49
McDermint 81.83 -3.69
McDnlds 49.93 -.36
McGrwH 54.11 -1.97
McKesson 56.00 -3.93
MedcoHIth 81.24 -2.86
Medtrnic 53.44 -.52
Merck 51.44 -.92
MerrillLyn 74.68 -3.49
MetLife 60.59 -4.41
Metso 59.86 -4.21
Microchp 39.53 +1.00
MicronT 12.50 +.43
Microsoft 29.30 -.70
Millicomlnt 79.47 -3.75
Mirant 38.39 -1.19
MitsuUFJ 10.02 -.18
Mitsui 397.78 -6.66
MizuhoF n 11.90 -.11
MobileTel 63.53 -1.72
Mohawk 87.10 -.90
MolsCoorsB 81.91 -5.05
Monsanto 69.47 +.47
Moodys 56.75 -1.61
MorgStan 61.81 -3.58
Mosaic If 37.51 -2.88
Motorola 16.81 -.29
MurphO 58.59 -1.76
NCR Cp 48.70 -2.58
NEC 4.70 -.05
NIl HIdg 78.30 +.12
NRG Egys 40.56 -1.49
NTTDoCo 14.54 +.09
NYMEX 134.39 -2.86


TorontoStockExchange
Name Last Chg Name Last Chg
CdnNatRes 71.10 -1.12 CAE Inc 13.32 -.66
Royal Bnk 53.65 -1.69 BCEInc 39.10 -.40
CarpathianJ 1.12 -.11 EldoradoGId 5.50 +.12
T D Bank 67.98 -2.77 HudBayMnrls 25.25 -1.00
ManulifeFin 40.03 -.72 BrookfldALV 35.86 -.02
BarrickGold 35.78 -.09 Bk NS 48.89 -1.51
RallyEngy 7.28 -.01 TeckComBSV 42.75 -1.79
PetroCanada 51.78 -1.48 Norbordinc 7.98 -.02


Name Last Chg
NYSE Eur 75.01 -1.04
Nabors 29.75 -.19
NBkGreece 11.53 -.56
NatlCity 27.14 -1.45
NatGrid 73.65 +.50
NOilVarco 110.94 -3.18
NatSemi 24.72 -.92
Navteq 61.28 -3.98
NetwkAp 23.40 -1.14
NewellRub 26.46 -1.00
NewfldExp 48.19 +.58
NewmtM 41.42 -.92
NewsCpA 20.81 -.15
NewsCpB 22.41 -.39
Nexen g s 28.80 -.85
Nidec 16.90 +.31
NikeB wi 53.90 -2.71
NippnTT 21.06 -.42
Nissan 20.58 -.07
NobleCorp 94.15 -4.85
NobleCp wi 50.00 -6.00
NobleEn 59.74 -1.89
NokiaCp 29.63 -1.17
Nomura 17.88 -.69
Nordstrm 50.58 -.53
NorflkSo 48.92 -1.26
Norsk 35.53 -2.34
Nortel Ifrs 19.27 -.01
NorTrst 64.51 -3.21
NorthropG 74.67 -2.78
Novartis 54.91 -1.06
NovoNdk 107.65 -6.45
Nucor 52.60 -2.29
Nvidia 46.13 +.54
OcciPet s 54.60 -1.76
OffcDpt 22.20 -1.06
Omnicm s 52.20 -1.59
Oracle 20.09 -.11
Orix 117.03 -2.94
PG&ECp 43.77 -2.47
PNC 70.86 -.98
POSCO 137.04 -7.40
PPG 72.19 -4.31
PPL Corp 50.78 -1.26
Paccar s 79.91 -2.01
ParkHan 92.75 -3.46
Paychex 45.65 -.66
PeabdyE 46.22 +1.42
Pearson 15.45 -.86
PennWst g 29.06 -.61
Penney 65.30 -4.35
PepsiBott 34.16 -1.63
PepsiCo 68.50 -1.44
PetroC g 49.09 -1.76
PetChina 134.60 -5.04
PetrbrsA s 52.67 -2.84
Petrobrs s 61.91 -2.47
Pfizer 24.14 -.47
PhilLD 55.68 -3.22
PhilipsEl 38.10 -2.02
PitnyBw 47.48 +.07
PlainsAA 57.19 -1.71
PlumCrk 42.66 +.19
Polo RL 77.24 -4.56
PortglTel 13.56 -.50
Potash s 83.45 -5.53
PwSMidG 22.22 -.80
PwShs QQQ 47.71 -1.13
Praxair 79.98 -.46
PrecCastpt 137.11 -6.55
PriceTR 52.92 -3.94
PrinFncl 52.88 -3.48
ProctGam 64.97 -.19
ProgrssEn 47.02 -.89
ProgsvCp 23.40 +.49
ProLogis 62.51 +.63
Prudentl 86.72 -3.77
Prud UK 27.82 -1.46
PSEG 85.11 -3.69
PubStrg 75.83 -1.17
Publicis 43.30 -.58
Qualcom 38.22 -1.93
QstDiag 56.85 -.36
Questars 49.80 -1.19
QwestCm 8.19 -.19
Raytheon 54.25 -2.30
ReedElsNV 35.47 -1.16
ReedEls plc 48.34 -1.36
RegionsFn 30.09 -1.60
ReliantEn 26.11 -1.74
Repsol 37.73 -1.69
RschMotn 216.00 -10.01
ReutrGrp 74.55 -1.50
Rexam 54.15 -.64
ReynAm s 65.21 +.10
RioTinto 256.20 -12.30
RockwlAut 66.88 -2.79
RockColl 68.19 -1.35
RogCm gs 42.94 -1.59
RoHaas 57.10 -1.04
Rostele If 57.90 -1.60
RoyalBk g 50.71 -2.03
RylCarb 40.99 +.10
RoyDShllB 75.00 -3.27
RoyDShllA 74.59 -2.82
Ryanairs 41.50 -1.47
SAP AG 54.51 -.58
SK TIcm 27.63 -.31
SLGreen 116.35 -2.11
SLM Cp 49.15 -.93
STMicro 17.76 -.13
Safeway 30.56 -1.66
StJude 46.74 -1.36
SanDisk 56.46 +1.18
Sanofi 41.23 -1.18
Santos 42.35 -2.38
SaraLee 15.43 -.65
Sasol 38.24 -1.89
Satyam s 27.03 -.91
SchergPi 27.52 -.91
Schlmbrg 92.20 -1.52
Schwab 18.95 -.68



Name Last Chg
BreakwaterRes 2.62 -.28
ISharesCDN60 77.90 -1.88
OPTICanada 23.45 -.95
lamgoldCorp 9.51 +.20
LundinMng 12.61 -.69
Thompsoncreekl8.80 -1.22
YellowPgsUn 13.10 -.05
TransCdaCorp 37.04 +.11


TalismanEgy 17.98 -.50
EnCanaCorp 62.76 -.97
CGIGrpASV 9.76 -.69
FNXMining 28.80 -1.40
SuncorEngy 94.85 -1.62
BombdrBSV 5.74 -.31
Alcan Inc 100.48 -.67


Interestrates


MAE!


I1B


Name Last Chg
SeagateT 23.22 -.64
SearsHIldgs 129.90 -4.27
SempraEn 53.60 -2.54
ShawC gs 21.96 -.70
Sherwin 66.05 -3.01
Shinhan 123.23 -9.57
Shire 73.85 -4.60
SiderNac 55.03 -1.62
Siemens 126.35 -4.05
SigmAl s 48.29 -1.20
Slcnware 10.00 -.40
SimonProp 96.03 +.99
Smith&N 61.73 +.48
Smithlntl 60.44 -.94
SonyCp 48.90 -.56
SouthnCo 37.01 +.14
SthnCopp s 100.54 -6.23
SwstAirl 16.60
SwstnEngy 40.98 -1.00
SovrgnBcp 17.48 -.60
SpectraE n 23.88 -.57
SprintNex 18.90 -.87
SPDR 145.39 -4.44
SP Mid 153.77 -4.61
Staples 23.:E -.88
Starbucks 28.05 +.33
StarwdHtl 56.1 -3.05
StateStr 70. -1.50
Statoil 27.65 -1.50
Sterlite n 15.18 -.59
StoraEnso 16.26 -.56
sT Gold 65.45 -1.31
Stryker 67.56 -1.34
Suez 52.00 -1.42
SunLfFn g 49.09 -.98
SunMicro 4.74 -.26
Suncor g 89.62 -2.18
Sunoco 63.58 -1.28
SunPower 78.49 +1.42
Suntech 42.86 -.49
SunTrst 75.19 -4.24
Supvalu 40.53 -.52
Swisscom 34.95 -.98
Symantec 17.49 -.48
Syngenta 36.98 -1.06
Synovus 26.98 -1.67
Sysco 31.32 -1.42
TD Ameritr 16.29 -.42
TDK 81.02 +2.02
TJX 27.00 -1.54
TXU Corp 63.55 -1.20
TaiwSemi 9.78 -.49
TalismE gs 17.03 -.51
Target 62.52 -2.69
TataMotors 16.38 -.30
Technip 73.65 -3.41
TeckCm gs 40.35 -2.21
TelcNZ 26.00 -.47
Telltalia 26.56 -.69
TelltaliaA 21.00 -.67
TelSPaulo 30.85 -1.95
TelefEsp 72.49 -1.77
TelMexL 32.56 -1.31
TelData 56.00 -1.20
Telkom 94.90 -4.25
Telus g 49.55 -1.82
Templeln 57.89 -1.34
Tenaris 48.84 -1.48
Terex 74.38 -4.58
Tesoro s 47.00 -1.62
TevaPhrm 43.04 -.76
Texinst 33.13 -.60
Textron 107.31 -4.71
ThermoFis 52.05 -1.47
Thomson 40.89 -1.06
3M Co 86.86 -1.29
Tiffany 43.73 -2.03
THorton g 34.09 +.05
TW Cable n 34.12 -.86
TimeWarn 18.66 -.32
TorDBk g 64.45 -2.95
Total SA 73.80 -3.23
Toyota 119.79 -3.43
TrCda g 35.10 -.14
Transocn 100.94 -2.66
Travelers 48.38 -2.95
Tribune 26.96 -.11
Turkcell 17.28 -1.58
TycoElec n 33.73 -1.01
Tycolntl n 44.00 -1.50
Tyson 19.89 -.96
UBS AG 55.29 -1.75
UPM Ky 21.24, -.53
USTInc 49.25 -3.60
UltraPt g 57.27 -.83
UUniao 114.64 -.83
UnilevNV 29.27 -1.35
Unilever 30.09 -1.55
UnionPac 115.70 -3.36
UnBnCal 53.86 -3.21
UtdMicro 3.17 -.13
UPS B 78.10 -.27
US Bancrp 29.88 -1.12
US Cellular 80.7 -3.14
USSteel 84.6b -7.85
UtdTech 72.37 -1.68
UtdhlthGp 46.33 -1.24
UnumGrp 23.28 -.94
VF Cp 91.35 -1.68
ValeroE 67.55 +.26
VeoliaEnv 76.22 -.17
Verisign 29.13 -1.45
VerizonCm 41.92 -1.27
ViacomB 37.05 -1.87
VimpelCm 106.65 -5.70
VirgnMda h 23.57 -.90
Vodafone 32.30 -.78
Volvo s 16.74 -1.22
Vornado 110.35 -.91
VulcanM 97.65 -1.17
WPP Gp 72.70 -1.50
Wachovia 46.93 -1.78
WalMart 46.45 -1.97
Walgrn 47.14 +.81
WA Mutl 36.76 -.79
WshPst 814.90 -24.10
WsteMInc 35.48 -2.00
Waters 60.02 -3.50
Weathfdint 55.44 -1.19
WellPoint 75.78 -1.53
WellsFgo s 34.16 -.83
WstnUn n 19.94 -.58
Westpac 110.56 -3.04
Weyerh 66.27 -3.71
Whrlpl 96.78 -3.00
WhtMtlns 592.74 +10.74
WholeFd 44.85 -.02
WmsCos 31.66 -1.34
Windstrm 13.87 -.15
Wipro 14.03 -.33
Wolseley 21.15 -1.11
WooriFn 72.03 -2.52
Wrigley 62.81 +.22
Wyeth 49.58 -.71
Wynn 115.59 -1.09
XL Cap 76.20 -1.70
XTO Engy 55.24 -1.43
XcelEngy 20.09 -1.05
Xerox 16.05 -.64
Xilinx 25.4?
YPFSoc 38.58 -.42
Yahoo 23.80 -.07
YumBrdss 30.10 -1.71
Zimmer 79.54 -.29
ZionBcp 74.19 -3.83



Name Last Chg
PrometicSVo .42 -.02


NET IYR
TREASURIES YEST PVS CHG WK MO QTR AGO
3-month T-bill 4.79 4.94 -0.15 V V V 5.07
2-year T-note 4.46 4.62 -0.16 V V V 432
6-month T-bill 5.03 5.00 +0.03 A V V 5.14
10-year T-note 4.78 4.85 -0.07 A V 4.94
1-year T-note 4.70 4.86 -0.16 V V V 5.05
30-year T-bond 5.03 5.02 +0.01 A V A 5.05
5-year T-note 4.58 4.69 -0.11 V V V 4.86

NET IYR
BONDS YEST PVS CHO WK MOOTR AGO
Lehman Long T-Bd Idx 5.03 5.06 -0.03 A v A 5.10
Bond Buyer Muni Idx 4.87 4.88 -0.01 A A A 4.79
Lehman US Aggregate 5.62 5.55 +0.07 A VA 5.55
Lehman US High Yield 8.86 9.02 -0.16 V A A 8.43
Moodys Bond Index 5.83 5.70 +0.13 A A A 5.74
Bank Index 105.76 110.11 -4.35 V V V 110.13
DJ Cord Bond 198.04 197.40 +0.64 V A A 187.60


Commodities COMMODITY CLOSE PVS. %CH. %YTD
Unleaded Gas (gal) 1.93 1.94 -0.52 +20.5
Crude Oil (bbl) 71.59 72.15 -0.78 +17.3
Gold (oz) 661.40 674.50 -1.94 +4.1
Platinum (oz) 1275.30 1291.10 -1.22 +11.9
Silver (oz) 12.66 13.12 -3.51 -1.1
Coffee (Ib) 1.20 1.18 +1.69 -4.9
Orange Juice (Ib) 1.32 1.30 +1.54 -34.4
Sugar (Ib) 0.10 0.10 ... -14.9




Foreign Muo. Im.
Exchange COUNTRY CLOSE CHG. %CHG. AGO AGO
Argent(Peso) .3182 -.0009 -.28 .3219 -.0077
Brazil (Real) .5206 -.0093 -1.79 .4736 +.0586
Britain (Pound) 2.0238 -.0123 -.61 1.9503 +.1189
Canada (Dollar) .9466 -.0071 -.75 .8532 +.0533
L Chile (Peso) .001922 -.000009 -.47 .001834+.000105
Colombia (Peso) .000503 -.000003 -.60 .000449 +.000080
Dominican Rep (Peso) .0307 -.0000 -.00 .0299 +.0002
Euro (Euro) 1.3686 -.0112 -.82 1.3006 +.0825
Japan (Yen) .008454 +.000099 +1.17 .008221 -.000224
Mexico (Peso) .090903 -.000642 -.71 .090893 -.001395
Uruguay (New Peso) .0425 -.0000 -.00 .0412 +.0007



GlobalMarkets

INDEX YEST CHG %CHG WK MO QTR YTD
S&P 500 1453.09 -44.40 -2.96% V V A +2.45%
Frankfurt DAX 7453.59 -152.35 -2.00% V V A +12.99%
London FTSE 100 6271.20 -122.70 -1.92% V V V +0.81%
Hong Kong Hang Seng 22439.36 -97.31 -0.43% V V A +12.40%
Paris CAC-40 5624.78 -124.51 -2.17% V V V +1.50%
Tokyo Nikkei 225 17170.60 +141.32 +0.83% A V V -0.32%

SOUTH AMERICA/ CANADA
Buenos Aires Merval 2087.68 -70.76 -3.28% V V V -0.13%
Mexico City Bolsa 29883.96 -777.91 -2.54% V V A +12.99%
Sao Paolo Bovespa 53430.84 -1810.53 -3.28% V V A +20.14%
Toronto S&P/TSX 13478.01 -280.18 -2.04% V V A +4.41%

ASIA
Seoul Composite 1908.68 +5.27 +0.28% A V A +33.06%
Singapore Straits Times 3413.17 +111.16 +3.37% V V A +14.31%
Sydney All Ordinaries 6187.70 +63.00 +1.03% A V A +9.63%
Taipei Taiex 9182.60 +83.14 +0.91% A V A +17.37%
Shanghai Shanghai B 320.40 +4.56 +1.44% A A A +146.25%


Largest Mutual Funds


12-MO
NAME NAV CHG%RTN
American Cent
Ultralnv 29.20 -.87+17.4
American Funds
AmcapA m 21.37 -.38+19.6
BalA m 19.63 -.33 +14.1
BondA m 13.12 +.02 +4.9
CaplncBuA m 63.32 -1.44 +17.4
CpWIdGrIA m844.97 -1.40+22.7
EurPacGrA m 50.92 -1.49 +22.7
FundmlnvA m42.91 -1.18+18.1
GrowAmerA m35.41 -.74 +18.5
GrowAmerB m34.15 -.71 +17.7
HilncA m 12.19 -.02 +7.7
IncAmerA m 20.55 -.43 +13.6
InvCoAmA m 35.14 -.83 +15.6
MutualA m 30.49 -.72 +17.9
NewEconA m 28.81 -.61 +25.7
NewPerspA m34.27 -1.01 +20.9
NwWrldA m 55.24 -1.70 +35.4
SmCpWIdA m45.25 -1.07+34.9
WAMutlnvA m36.36 -1.01 +17.7
Artisan
Intl 30.79 -.99+19.9
Baron
Growth b 53.20 -.63 +26.7
Bernstein
TxMIntI 27.65 -1.12 +18.8
BlackRock
GlobAlcA m 19.35 -.26+16.0
GlobAlcC m 18.26 -.25 +15.1
Calamos
GrowA m 58.71 -1.97 +21.0
Columbia
AcornZ 31.56 -.58+23.4
DFA
EmgMktVal 40.81 -1.45+58.1
IntlSmCap 22.62 -.75 +27.7
USLgVal 24.95 -.85 +14.0
USSmVal 28.20 -.58+12.1
DWS-Scudder
DremHRtEA m50.68 -1.50 +10.4
Davis
NYVentA m 39.62 -1.13 +15.1
NYVentC m 38.05 -1.08 +14.2
NYVentY 40.13 -1.14 +15.4
Dodge & Cox
Bal 86.84 -1.59 +11.1
Income 12.46 +.01 +5.4
IntlStk 46.84 -1.40 +22.0
Stock 153.41 -4.32 +14.0
Excelsior
ValRestrA 55.48 -2.04 +20.0
Fidelity
AstMgr50 16.51 -.17+12.1
Bal 20.41 -.30 +15.6
BIChGrow 47.15 -1.21 +17.9
CapApr 28.81 -.72+20.5
Caplnc 8.75 -.05 +9.9
Contra 69.80 -1.77 +18.4
DiscEq 29.61 -1.16 +13.4
DivGrow 32.71 -.99+17.0
Divrintl 40.08 -1.06 +21.8
Eqlnc 59.18 -1.84 +17.4
Eqlnc II 24.00 -.77 +16.1
FF2015 12.43 -.19 +13.3
FF2040 9.68 -.24+18.0
Fidelity 37.72 -1.06 +18.4
Free2010 14.81 -.20+12.1
Free2020 15.77 -.30 +15.2
Free2030 16.36 -.38 +17.5
Govtlnc 9.99 +.03 +4.8
GrowCo 77.15 -1.71 +27.8
Growlnc 31.98 -.85 +16.2
IntBond 10.09 +.03 +3.9
IntlDisc 41.36 -1.13 +24.1
InvGrdBd 7.17 +.02 +3.4
LevCoSt 32.29 -1.08 +21.7
LowPriStk 44.63 -1.04 +17.7
Magellan 93.07 -2.10 +21.6
MidCap 30.64 -.68+22.1
OTC 47.40 -1.21 +38.9
Overseas 49.81 -1.36 +24.3
Puritan 20.28 -.39 +13.3
Reallnv 32.34 -.29 +4.9
ShTmBond 8.69 +.01 +3.1
TotalBd 10.22 +.02 +4.1
USBdlndx 10.70 +.03 +4.6
Value 84.85 -2.17 +20.0
Fidelity Spartan


12-MO0-
NAME NAV CHG%RTN
5001ndxAd 100.93 -3.06+16.9
5001ndxln 100.92 -3.06+16.9
USEqlndxA 51.51 -1.57+16.9
USEqlndxl I51.51 -1.57+16.9
First Eagle
GIbA m 48.40 -.38+16.3
OverseasA m 26.95 -.07 +16.5
FrankTemp-Fanklin
CATFA m 7.18 +.01 +3.3
Fed TFA m 11.86 +.01 +32
Income A m 2.67 -.04 +13.0
Income C m 2.69 -.03+12.4
IncomeAdv 2.66 -.03 +132
rankTemp-Mutual
Discov A m 32.69 -.70+22.3
Shares A m 26.62 -.60+15.5
Shares Z 26.85 -.61+15.9
FrankTemp-Templeton
Fgn A m 14.53 -.30+19.0
ForEqIs 28.99 -.61+27.4
Growth A m 26.13 -.56+15.9
Growth Ad 26.19 -56 +162
World A m 20.17 -.43 +17.6
Franklin Templeton
FndAIIA m 14.12 -26 +14.4
GMO
GMOErgMktsVI d23.70-.77
+44.8
Harbor
CapAplnst 34.85 -.88 +18.4
Intllnstl 67.89 -2.57 +27.7
Hartford
AdvHLSIA 23.35 -.41+16.4
CapAprA m 40.87 -1.26 +21.8
CpApHLSA 5619 -18 +* W
DvGrHLSIA 23.88 -.72+20.0
Janus
Contrarian 19.03 -.39 +35.4
Growinc 40.80 -.85+17.1
Janus 30.51 -.75+212
Okes1as 117 +45
Twenty 60A -LIS +
John Hancock
CIsscValA m 27.22 -.89 +12.9
UfBal b 14.63 -.25 +128
LifGrl b 1525 -.34+15.0
Julius Baer
IntlEqA b 46.95 -1.43 +27.5
IntlEql 48.01 -1.46 +27.8
IntlEqll 16.50 -.55+24.1
Legg Mason
Valuelnst 78.32 -220 +165
ValuePr b 69.89 -1.97 +153
Longleaf Partners
LongPart 36.83 -.68+23.4
Loomis Sayles
Bondl 1428 -.04 +8.8
Lord Abbett
AffiliatA m 1555 -.47 +11.6
MidCpValA m 2253 -.60 +18.6
MFS
TotRetA m 16.36 -.29 +12.0
ValueA m 27.62 -.93+17.0
Masters' Select
SmallerCos 15.66 -27 +19.7
Oakmark
EqlncI 27.28 -.34+11.8
Intl I 26.39 -.58 +18.1
Oppenheimer
DevMktAm 48.25 -1.58 +42.3
GlobA xi 7737 -2.06 +22.1
Mait m 4102 -L41 +15
RocMuniA m 17.97 ... +2.2
RochNtlMu m 11.91 +.01 +.3
StrincA m 4.33 -.01 +9.8
PIMCO
AIIAssetl 12.70 -.10 +5.6
ComRIRStlI 14.03 -.05 -5.5
LowDrIs 9.91 +.03 +5.0
N0Wm 1127 +1 + .44
TlAkmd b 11.21 +.02 K6
TotRet!s 10.27 +.02 +4.9
Pioneer
GlobHiYA m 12.21 -.01 +9.1
PioneerA m 49.67 -1.47 +14.6
Putnam
GrowlncA m 19.76 -.66 +13.7
RiverSource


12-MO
NAME NAV CHGI%RTN
DivrEqlnA m 13.53 -.44 +18.0
Russel
MulStrBdS 1020 +.02 +4.8
Schwab
YIdPlsSel 9.57 ... +4.6
Selected
AmerShS b 47.19 -1.39 +14.5
T Rowe Pice
BIChpGr 38.38 -1.07 +21.7
CapApprec 2132 -.41 +14.5
Eqlndex 39.02 -1.19+16.6
Eqtyinc 29.82 -.87+16.4
GrowStk 33.63 -.90+22.0
IntlStk 17.83 -.5 +21.5
MVdCapa 25m -. +17.6
HdpGr 617 -LI0 +273
NewHoriz 35.10 -.47+23.8
NewIncome 8.79 +.02 +4.9
SmCpStk 35.42 -.45+16.9
Value 27.99 -.82 +175
Third Avenue
Value 6230 -1.19 +143
Thornburg
IntlValA m 3332 -.59 +31.9
-y BeWM.
GlobVal 33.44 -.49+21.6
Van Kampen
ComstockA m 1925 -.54 +13.9
EqlncomeA m 9.18 -.17 +11.6
GrowlncA m 22.29 -.63 +14.3
Vanguard
500 134.08 -4.07 +16.8
500AdmI 134.09 -4.07 +16.9
AstA 61 *.1 +171
Ewmlkwdm 81 -1 2 +41A
Eg 7231 -24 +1 7
Europeldx 38.78 -1.55+23.8
Explr 78.13 -1.67 +19.1
GNMA 10.08 +.01 +5.1
GNMiMAid 10 +01 +51
Glq 249 -A +214
Gvt M9313 -41 +203
1110 i a i31 -12 +74
HlthCare 147.58 -3.27 +73
Instldx 133.07 -4.04+16.9
lmI+s 131 A 403 +17M
InstTBdld 49.72 +.09 +5.1
InstTStPI 31.63 -.89+17.6
IntlGr 25.97 -.83 +23.0
IntlVal 43.54 -1.51 +21.6
lifeC .142 .11 +113
LifeGro 24.69 -.61+17.0
LifeMod 20.88 -38+14.3
MidCp 20.81 -.55+19.1
Morg 19.93 -.62+19.4
wd O 1 +31
PadfId 12 1 +11
Prmcp 73.72 -1.48 +19.6
PntprAd 717 -153 +1"9
STCor 10.54 +.02 +5.4
STGradeAd 10.54 +.02 +5.5
SiCaD a334 - 17+
Star 21.49 -.38+13.8
SIratgUq 15 -.79 +111
T7t 123 -A +138
Tgtet2025' 13.58 -.31+16.0
TotBdAdml 9.86 +.02 +5.2
TotBdid 9.86 +.02 +5.1
TotBdinst 9.86 +.02 +52
TO 1917 -15 +TA
Tom1 U -39 +1* 3
TotStldx 35.08 -.99+17.4
Wellsl 21.87 -22 +8.9
Welltn 33.38 -.63+14.4
EK~ 5714 .1m L +143
WndMlm 0 .-L3 +17J
Wndsr 18.73 -.63+19.0
WndsrAdml 6321 -2.12 +19.1
MWIl m1 -0I +163I
Western Asset
CrPIBdlns 10.16 +.01 +4.5


I


PRIME FED
RATE FUNDS
YEST 8.25 5.38
PREV 8.25 5.19
WK AGO 8.25 25









THE TRIBUNE


FRIDAY, AUGUST 10, 2007, PAGE 5B


Hotel fears on cruise lines permanent US passport exemption


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
The Bahamas Hotel
Association (BHA)
plans to join its regional
counterparts in aggressively lob-
bying against a proposed US
government plan to to perma-
nently exempt cruise passengers
from having to obtain passports


under the Western Hemisphere
Travel Initiative (WHTI).
Such a decision would have
an extremely detrimental effect
throughout the region, which has
already seen a major fallout
from the air arrival passport
requirement which came into
effect earlier this year, although
the requirements have been
relaxed slightly.
Recently at its second quar-
ter press conference, BHA pres-


ident Russell Miller said WHTI
continues to be one of the areas
of greatest concern.
"We have serious concerns
that the Bahamas and the
Caribbean region will be placed
at a huge competitive price
advantage if the Bahamas and
the region are not placed on par
with the advantages which are
to be proposed to be extended to
the cruise industry," Mr Miller
said.


The US government is seeking
public comment on this propos-
al until August 27 which, if
adopted, will allow cruise pas-
sengers on ships departing from
and returning to a US port to
only have to submit a govern-
ment issued photo ID, such as
a driver's license and a birth cer-
tificate, to be able to travel.
Speaking with The Tribune
yesterday, Peter Webster who
sits on the BHA's executive


committee and is the British
Colonial Hilton's general man-
ager, said much lobbying will be
done to level the playing field.
He said the cruise ships are


being given an unfair advantage
to the detriment of Bahamian

SEE page 6


Many shippers opposed to Progressive


Liberal Party's port relocation


A L
C? F A IL"


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

SEVERAL members of the
shipping industry were opposed
to the PLP government's plan
to relocate the Bay Street port
facilities to the southwestern end
of the island, one shipping insid-
er said yesterday, although they
went along with the plan to
ensure they were part of the


process.
Kristof Lingier, country man-
ager for Seaboard Marine, said
that while there were shipping
facility landlords and companies
who did not think the south-
western port was a good loca-
tion, they went along with the
former administration's plans.
"We continued to be involved
because we thought that if that
was the final location, we would
want to ensure that we were ful-
ly involved in the right way as it


NOTICE

NOTICE is hereby given that CLAUDIA SOVILIEN
OF COCONUT GROVE, P.O. BOX N-9487, 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 10TH day of
AUGUST, 2007 to the Minister responsible for Nationality
and Citizenship, PO.Box N- 7147, Nassau, Bahamas.









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would have been foolish not to
be involved," he said.
Mr Lingier said some people,
himself included, simply felt that
there were more economical and
environmentally viable options
rather than the southwest loca-
tion, which would have been
between Commonwealth Brew-
ery and BEC's Clifton Power
Plant.
He explained that several
years ago, when planning firm


EDAW first began its work, a
two-day seminar was held at the
British Colonial Hilton, where
interested parties sat down to
discuss the options for port relo-
cation.
Mr Lingier said that on the
first day a number of options
were discussed, but on the sec-
ond day, the late George Mack-

SEE page 7


NOTICE

NOTICE is hereby given that MARIO MORTIMER OF
SEQUOIA STREET, P.O. BOX SB-51984, 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 3RD day of
AUGUST, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N: 7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given that ISAAC PATRAM SANCHARA
of #26 ARMANDA CIRCLE, P.O. BOX F-42385, 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
10th day of AUGUST, 2007 to, the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.



NOTICE

NOTICE is hereby given that DENIES JENOURE OF
SOLDIER ROAD, P.O. BOX SB-50174, 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 10TH day of
AUGUST, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given that CARMEN INDROWTIE
SANCHARA of #26 ARMANDA CIRCLE, P.O. BOX F-42385,
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 10th day of AUGUST, 2007 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.


Pricing Information As Of:
Thursday 9 AuooIst 200 7


.Fl aDErL


BISX LISTED & TRADED SECURITIES VISIT VVWW BISXBAHAMAS.COM FO
BISX ALL SHARE INDEX CLOSE 1,849 07 / CHG -00.87 1 %CHG -OO.OQ.
Lo,.. 'e.:,,', 1 P,'e.,.:.us '-n,:,_- T,:..3 ,' ,*:n,:.-,e C -, r, h a ge Daily


1.18 0.54 Abaco Markets


1.78
12.05
9.41
0.85
3.71
1.57
10.76
2.41
15.12
7.22
2.76
6.40
12.76
14.70
5.18
1.00
8.65
9.90
10.00
,,kHi


0.54
11.00
7.49
0.70
1.48
1.20
9.10
1.80
10.99
4.60
2.20
5.54
11.51
13.05
5.18
0.54
7.10
8.52
10.00
52,i, i k .L


Abaco Markets
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank
Consolidated Water BDRs
Doctor's Hospital
Famguard
Finco
FirstCaribbean
Focol (S)
Freeport Concrete
ICD Utilities
J. S. Johnson
Premier Real Estate


1 60


1.60
11.65
9.40
0.85
3.71
1.57
10.75
2.65
15.15
7.22
2.31
6.20
12.76
14.65
5.18
0.70
7.25
9.90
10.00


0.00 0.000 0.000 N/M 0.00%
0.00 1.527 0.400 7.6 3.45%
0.00 400 0.733 0.260 12.8 2.77%
0.00 0.048 0.020 17.7 2.35%
0.00 0.279 0.060 13.3 1.62%
0.00 0.064 0.020 24.5 1.27%
0.00 1,000 0.949 0.240 11.3 2.23%
0.00 0.281 0.080 9.4 3.02%
-0.01 1,000 1.190 0.680 12.7 4.50%
-0.66 0.112 0.050 64.6 0.69%
0.00 0.281 0.000 8.2 0.00%
0.00 0.694 0.240 8.9 3.87%
0.00 0.787 0.570 16.2 4.47%
0.00 1,100 0.977 0.470 14.6 3.21%
0.00 0.364 0.133 14.2 2.56%
0.00 -0.415 0.000 N/M 0.00%
0.00 0.411 0.200 17.6 2.76%
0.00 0.946 0.580 10.5 5.86%
0.00 1.167 0.600 8.6 6.00%
i Pi F,,.-a ,' e i. C EPSS$ Div $ PiE Y.elr


152wk-Hi 52w k-Low iI"ooV=.j 4- .- KwI Lazi ow--y1 T-.
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 Holdinas 0.35 0.40 0.20 -0.030 0.000 N/M 0.00%
Colina Over-The-Counier Securities .Q..'4'. Ji .-
.43. 0" .-;.i u' ,--EJ, ,, 4, ..1 C.- 1 ,- 2 220 0000 194 C 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%
BISX Listed Mulual Funds
52wk-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3484 1.2998 Colina Money Market Fund 1.348410*
3.2920 2.9449 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 .Fi. 11 11"i F,.' -l ,I=,.,T., 1.- me Fund 11 6581***
FINDEX: CLOSE 806 20 / YTD 8.64% / 200 34.4?7% .*S,'' .
BISX ALL SHARE INDEX 19 Dec 02 = 1,000 00 MARKET r .. 1 ,- :,: .. .. r.
52wk-HI Highest closing prico ir las1 52 weeks Bid $ Buyilng pice of Colina and Fidelity
52wk-Low LowesI closing price in last 52 weoks Ask $ SIlling price of Colina and fidelity 20 July 2007
Previous Close Previous day's weighted [rice for daily volume Last Price Las traded over-the-counter price 30 June 2007
Today's Close Current day's weighted price for darly volume Weekly Vol Trading volume of the prior week ** 31 May 2007
Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths **, 31 July 2007
Daily Vol Number of tolal shares traded today NAV Net Asset Value
DIV $ Dividends per share paid in thie last 12 months N/M Not Meaningful
PIE Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index January 1. 1994 = 100
(S) 4-for-1 Stock Spil Effective Date 8/8/2007
TO TRADE CALL COLINA 2-12-502-7010 / FIDELITY 242-356-7764 1 FOR MORE DATA& INFORMATIM QA'-


NOTICE

NOTICE is hereby given that TAMARA PIERRE OF ST.
JAMES ROAD AND KEMP ROAD, 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 9TH day of AUGUST, 2007 to the
Minister responsible for Nationality and Citizenship, P.O.Box
N-7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given that SAMUEL SWEETING of #79
BONITA LANE APT. 4, P.O. BOX F-42860, 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
10th day of AUGUST, 2007 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Freeport, Bahamas.



NOTICE

NOTICE is hereby given that HENRY CLAUDE ORVILLE OF
ARMBRISTER STREET, FOX HILL, 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 10TH day of AUGUST, 2007
to the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given that CLAUDINE ORVIL OF
ARMBRISTER STREET, FOX HILL, 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 10TH day of AUGUST, 2007
to the Minister responsible for Nationality, and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given that JACQUELINE ORVIL OF
ARMBRISTER STREET, FOX HILL, 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 10TH day of AUGUST, 2007
to the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given that JEAN RENE BELLOT OF
MARSH HARBOUR, ABACO, 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 3RD day of AUGUST, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas.


Fidelity Over-The-Counter Se


- - - - - -- - - - - -


1 1 r^


1 I


Swmhbol









PAGE 6B, FRIDAY, AUGUST 10, 2007


THE TRIBUNE


US employment market softens


* By JEANNINE AVERSA
AP Economics Writer

WASHINGTON (AP) -
The number of newly laid off
people signing up for jobless
benefits rose last week, sug-


gesting that employment con-
ditions, while softening a tad,
still remain good.
The Labour Department
reported Thursday that new
applications filed for unem-
ployment insurance increased
by a seasonally adjusted 7,000
to 316,000 for the week end-
ing August 4. The increase left
claims at their highest point
since late June.
Economists were predicting
claims would be lower, around
310,000 for last week.
Still, claims are lower now
than they were a year ago,
when they stood at 319,000.
In other economic news, the
back-to-school shopping sea-
son had a disappointing start in
July as people turned cautious
amid turmoil on Wall Street,
harder-to-get credit and the


worsening housing slump.
Merchants reported sluggish
monthly sales results, with the
weakest performers being
mall-based apparel chains, par-
ticularly teen merchants like
Pacific Sunwear of California
Inc. and Wet Seal Inc. Wal-
Mart Stores Inc., the nation's
largest retailer, posted a slim
gain but warned that its
increased discounting is hurt-
ing profit margins.
Spending

Consumer spending is a
major shaper of overall eco-
nomic activity. Individuals
tightened their belts in the sec-
ond quarter and are expected
to be subdued through the cur-
rent July-to-September peri-
od, analysts said.


Stocks plunged as fresh cred-
it fears overwhelmed investors.
The Dow Jones industrial tum-
bled nearly 172 points in morn-
ing trading.
On the labour market front,
other recent barometers sug-
gest some cooling in hiring,
partly reflecting the toll of the
sour housing market and strug-
gles in the auto industry.
Last week the government
reported that the nation's
unemployment rate nudged up
to 4.6 per cent in July, a six-
month high. New job creation
also slowed.
Employers increased pay-
rolls by 92,000 last month,
down from 126,000 in June, the
government said last week. It
marked the fewest add-ons in a
month since February.
In Thursday's layoffs report,


the four-week moving average
of new claims, which smooths
out week-to-week volatility,
rose last week to 307,750, an
increase of 1,750 from the pri-
or week. It was the highest lev-
el since July 21.

Benefits

The number of people con-
tinuing to collect unemploy-
ment benefits went up by
39,000 to 2.56 million for the
work week ending July 28, the
most recent period for which
this information is available.
That was the highest since ear-
ly July.
Federal Reserve Chairman
Ben Bernanke and his central
bank colleagues on Tuesday
said they expect the labor mar-
ket and the national economy


to hold up to strains from Wall
Street turbulence, tightening
credit conditions and the hous-
ing slump.
They predicted that the
economy would expand at a
moderate pace in the months
ahead "supported by solid
growth in employment and
incomes."
Against this backdrop, Fed
policymakers kept an impor-
tant interest rate at 5.25 per
cent, where it has been for
more than a year.
After nearing stalling in the
first three months of this year,
the economy rebounded in the
April-to-June quarter, grow-
ing at a solid 3.4 per cent pace.
Growth is expected to be slow-
er through the rest of this year,
clocking at a pace of around
2.5 per cent.


Legal Notice
NOTICE


OAKFIN INC.
In Voluntary Liquidation


Notice is hereby given that in accordance with Section 138
(4) of the International Business Companies Act, 2000,
OAKFIN INC. is in dissolution as of August 8, 2007.

International Liquidator Services Inc. situated at 35A
Regent Street, P.O. Box 1777, Belize City, Belize is the
Liquidator.




LIQUIDATOR




Legal Notice
NOTICE


SILVERFIN DEVELOPMENTS INC.

In Voluntary Liquidation


Notice is hereby given that in accordance with Section 138
(4) of the International Business Companies Act, 2000,
POPLAR DEVELOPMENTS INC. is in dissolution
as of August 8, 2007.

International Liquidator Services Inc. situated at 35A
Regent Street, PO. Box 1777, Belize City, Belize is the
Liquidator.


FROM page 5

hotels, who generate more
income per head with stayover
visits.
Mr Webster said that while it
was true that most of the recent
hotel developments had been
high-end resorts, such as the
Cove at Atlantis, those devel-
opments have revitalised Nas-
sau.
He added that one point
which was raised was that while
the Bahamas had a number of
fine resorts, it was imperative
the country's infrastructure and
experience was comparable to


its hotels.
Noting that the cost of air
travel to the Bahamas was also a
concern, Mr Webster said that
as far as taxes go, the Bahamas is
pretty much on a level playing
field with the Caribbean for air-
port security and other fees.
Proximity

He said that due to the coun-
try's close proximity to the US, it
was likely that air fares would
continue to be competitively
priced.
Mr Webster, though, acknowl-
edged another' BHA concern
that many airlines are limited in


their arrival time because they
have to pay overtime fees for
customs and immigration to
clear the flights.
"I don't know why it is con-
sidered overtime, because it is a
shift. In the hotels we have 24
hour shifts, but it is not consid-
ered overtime," he said.
*
American and its regional
affiliate, American Eagle, are
offering fares from Miami and


Fort Lauderdale.starting at just
$44 each way to select destina-
tions in the Bahamas for the
periods September 4 to October
2, 2007, and from early January
8, 2008, to February 26, 2008.
Tickets have to be purchased
no later than August 14, 2007.
The routes are:
Miami Nassau, Bahamas: $44
Miami Marsh Harbour,
Bahamas: $64
Miami George Town,
Bahamas: $79


INTERNATIONAL BUSINESS COMPANIES ACT, 2000
(No. 45 of 2000)

.. In Voluntary Liquidation

Notice is hereby given that in accordance with Section 138
(4) of the International Business Companies Act, (No. 45 of
2000), LAKESHORE TRADING LIMITED is in dissolution.
Mr. Graham M, Frankel is the Liquidator and can be contacted a Le
Columbia Palace, 11 Avenue Princesse Grace, MC98000 Monaco.
All persons having claims against the above-named company
are required to send their names, addresses and particulars of
their debts or claims to the Liquidator before September 8, 2007.



Uquidtmr


LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

In Voluntary Liquidation

Notice is hereby given in accordance with Section 137 (8) of
the International Business Companies Act, (No.45 of 2000),
the Dissolution of PERFORMANCE MANAGEMENT
CONSULTANTS INTERNATIONAL LTD. is in dissolu-
tion. Alrena Moxey is the Liquidator and can be contacted at
Winterbotham Place, Marlborough & Queen Streets, Nassau,
Bahamas. All persons having claims against the above-named
company are required to send their names addresses and
particulars of their debts or claims to the Liquidator before 9th
day of September, 2007.



ALENA MOXBY
LIQUIDATOR

Legal Notice
NOTICE


AURORA GROUP HOLDINGS LTD.




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




ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE


POPLAR INTERNATIONAL INC.
In Voluntary Liquidation


Notice is hereby given that in accordance with Section 138
(4) of the International Business Companies Act, 2000,
POPLAR INTERNATIONAL INC. is in dissolution
as of August 8, 2007.

International Liquidator Services Inc. situated at 35A
Regent Street, P.O. Box 1777, 'Belize City, Belize is the
Liquidator.



LIQUIDATOR


LIQUIDATOR


BUSINESS


1Hotlfears on3cruseline s prmnen


United Sates, psspot eempio


'lml rMhynitti









THE TIBUN FRIDY, AGUST 0, 207,IPGES7


US


mortgage


rates


* By JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) -
Rates on 30-year mortgages
sank this week to their lowest
point in two months, a dose of
good news for people thinking
about buying a home.
Freddie Mac, the mortgage
company, reported Thursday
that 30-year, fixed-rate mort-
gages averaged 6.59 per cent.
That was down from 6.68 per
cent last week and was the low-
iest since early June, when rates
stood at 6.53 per cent.
The moderation is a piece of
welcome news for prospective
homebuyers, some of whom
also have been faced with a sit-
uation of harder-to-get credit.
In mid-June, rates on 30-year
mortgages had climbed to 6.74
per cent, an 11-month high.
Mortgages rates have ebbed
as recent stock market turbu-
lence has prompted investors
to plow money into bonds, dri-


hit two-


ving down rates on bonds.
That, in turn, has pushed down
rates on mortgages, which have
eased amid signs the economy
is growing gradually and hir-
ing has cooled off a bit. The
unemployment rate inched up
to 4.6 per cent in July, a six
month high.
Popular
Rates on 15-year fixed-rate
mortgages, a popular choice
for refinancing, also moved
lower this week. They dropped
to 6.25 per cent, from 6.32 per
cent last week. Rates on one-
year adjustable-rate mortgages
also fell to 5.65 per cent, com-
pared with 5.69 per cent last
week.
However, rates on five-year
adjustable-rate mortgages, rose
this week to 6.33 per cent, from
last week's average of 6.29 per
cent.
The mortgage rates do not
include add-on fees known as


points. Thirty-year and 15-year
mortgages each carried a
nationwide average fee of 0.4
point. Five-year and one-year
ARMs each carried an aver-
age fee of 0.5 point.
A year ago, rates on 30-year
mortgages stood at 6.55 per
cent, 15-year mortgages were
at 6.20 per cent, five-year
adjustable-rate mortgages also
averaged 6.21 per cent and
one-year ARMs were at 5.69
per cent.
After a five-year boom, the
housing market fell into a
slump last year. Sales turned
weak as did home prices. The
slump is expected to drag on
probably through the rest of
this year.
Worries that the housing
slump will worsen and that
credit problems in the home
mortgage market will spread,
possibly hurting the broader
financial system and the over-
all economy, have fed turmoil
on Wall Street. Stocks have


been swinging wildly in recent
weeks.
Problems first sprouted in
the market for higher-risk
mortgages, which are held by
people with tarnished credit
histories. But some problems
have spilled over to more cred-
itworthy borrowers.
Home foreclosures, mean-
while, have climbed to record
highs.
As a result, lenders have
been tightening credit stan-
dards, making it harder for
some people to find financing
for big-ticket purchases, such
as homes and cars.
The National Association of
Realtors on. Wednesday low-
ered its forecast for sales of
existing homes a big chunk
of the housing market. It pre-
dicted sales would total 6.04
million this year, which would
be the lowest level since 2002.
A previous forecast had pro-
jected sales of 6.11 million for
this year.


Many shippers opposed to PLP's port relocation


FROM page 5

ey came in and basically told everyone t
the port would be relocated to the sou
west facility.
"He said that this was the direction
which we would be going, so it was pre
much forced on us," Mr Lingier added.
Part of the objection, he said, was
length of time it would take to construe



Morton

Salt's August

production

cut 50

per cent


FROM page 1


seems to be a new cycle."
On Monday, rain fell on
Inagua constantly for two hours,
with Morton Salt's Number 1
Pump Station receiving 6.5 inch-
es of rainfall, and 4.32 inches of
rain at its Yellow House weath-
er station.
"Our entire salt-pan system
collected rainfall. We could not
harvest yesterday, however, we
were able to resume salt harvest
production on August 8, on our
second production shift. The
one day plus one shift loss is esti-
mated between 5,000 and 6,000
short tons of salt," Vivian Moul-
trie, manager of administrative
services said.
Shedrach Cox, salt harvest
production manager, said mea-
sures were being taken to min-
imise salt melting as a result of
the fresh water.
Measures
These measures involved
decanting half the rainfall from
the crystallizers before it mixed
with the brine, as four inches of
rainfall can melt one inch of salt
cake he explained.
Mr Cox added: "This type of
unexpected rainfall causes the
entire system to slow down." He
said that in July 2007, actual salt
growth was just 0.86 inches com-
pared with the Company's pro-
jected growth of 0.96 inches,
which is about 32,000 tons of salt
below the historic average.
Maxine Ingraham, quality
control manager at Morton
Bahamas, said eight of the com-
pany's weather stations posi-
tioned in critical sections of the
salt system have recorded rain-
fall over the past five days.
"Excess rainfall not only melts
salt but also dilutes brine that is
needed fog the continuous salt
making process," Mrs Ingraham
said.


hat
ith-
in
etty
the
ct a





I


new port in the southwest estimated to be
at least two to three years. He said they
would prefer a location where the problem
could be fixed sooner.
Mr Lingier said that Deputy Prime Min-
ister Brent Symonette should be commend-
ed for holding a meeting to discuss ways in
which to improve downtown Nassau and
Bay Street.
Mr Symonette's actions in chairing a meet-
ing on this had been called into question by


Senator Jerome Fitzgerld, because the
Symonette family is the landlord for
Seaboard Marine.
Mr Lingier stressed he was not present at
the meeting, but felt that the Senator's com-
ments were made for political mileage.
"It is important that politicians stop fight-
ing one another", he said, "and work for the
common good. It is time for the two parties
to bury the hatchet and stop blaming each
other."


Serving


The Bahamian Community
Since 1978


SAFE

COOL

*DOUBLE
ACTION
DEADBOLT
LOCK

* WHITE OR
BRONZE


ALSO FOR
WINDOWS


DON STAINTON
(PROTECTION) LTD.
HILLSIDE PLAZA THOMPSON BLVD.
PHONE: 322-8160 OR 322-8219


COMMONWEALTH OF THE BAHAMAS 2006/GEN/equ/1181
IN THE SUPREME COURT
Equity Side
ALL THAT tract piece and lot of land situated
at Kemp=s Bay in the island of Andros
containing 1.485 acres bounded on the NORTH
by property now running thereon 357.43 feet
EAST by Road Reservation 30 feet wide and
running thereon 161.91 feet SOUTH by
property now or formerly of Gwendolyn Forbes
and running thereon 361.82 feet WEST by a
public road running thereon 200.01 feet
ALL THAT tract piece and lot of land situated
at Kemp=s Bay in the island of Andros
containing 1.277 acres and bounded on the
NORTH by property now or formerly of
Alexander Forbes and running thereon 417.84
feet and EAST by 20 foot wide Crown Land
Reserve and running thereon 110 feet and
SOUTH by public cemetery and running
thereon 416.38 feet WEST by Road
Reservation and running thereon 158.47 feet
AND
IN THE MATTER OF THE QUIETING TITLES ACT, 1959
AND
IN THE MATTER OF THE PETITION of STEADMAN FORBES
NOTICE
STEADMAN FORBES, the Petitioner claims to be the owner in fee simple in
possession of the said piece parcel or lot of land and had made application to the Supreme
Court of the Commonwealth of The Bahamas under Section 3 of The Quieting Titles
Act,1959, to have the said piece parcel of lot of land investigated and the nature and
extent thereof determined and declared in a Certificate of Title to be granted by the Court
in accordance with the provisions of (the said Act.
Copies of a diagram or plan showing the position boundaries shape marks and
dimensions of the said piece parcel or lot of land filed in this matter may be inspected
during normal working office hours at the following places:
I. The Registry of the Supreme Court, Ansbacher House, East Street, Nassau:
2. The office of Arthur D. i lanna & Co.. 10 Deveaux Street, Nassau, The
Bahamas, attorneys for the Petitioner; and

3. The Administrators Office. Kemp=s Bay, Andros. The Bahamas.
NOTICE is hereby given that any such person having drawn a right of dower or an
adverse claim or a claim not recognized in the petition shall within Thirty (30) days after the
appearance of Notice herein tiled in the Registry of the Supreme Court in the City of Nassau
aforesaid and serve on the Petitioner or the undersigned a statement of his, her or its claim in the
prescribed form verified by an Affidavit to be tiled therewith.
Failure of any such person to file and serve a Statement of his. her or its claim on or before the
said Thirty (30) days herein will operate as a bar to such claim.


ARTHUR D. HANNA & Co.
Attorneys for the Petitioner
Chambers
10 Deveaux Street
Nassau, Bahamas


month low


Core Responsibilities:

* Provides user support for the company's networked systems, by
investigating and performing resolutions to problems that are
reported.
* Performs routine installations, preventative maintenance and
repairs to hardware, operating systems and application installations.
* Troubleshoots system and application problems, including issues
and servers.
* Assists with documentation and maintenance of technical standards
and operations.
* Assists with the implementation of new technologies and
information systems and the decommissioning and disposal of
old technologies.
* Assist with the administration of the company's networked anti-
virus and data back-up systems by checking that these systems
are current and operate as scheduled.

knowledge Skills and Abilities:

* Advanced knowledge various Windows operating systems to
provide help desk support and to troubleshoot end-user and back
office systems.
* Sound knowledge of computer hardware to execute hardware
repairs and upgrades.
* Basic knowledge of networking, especially protocols in use by
the company to troubleshoot and assist in rectifying network
issues.
* Analytical and problem-solving skills to assess issues and technical
information, examine alternatives, and use judgment to provide
reasoned recommendations.
* Must be open to new technology and ability to problem solve in
support of the network and central database systems.
* Associates degree in a computer-related field, industry standard
network certifications required, plus two (2) or more years of
proven technical support and network systems experience.

Benefits include: Competitive salary commensurate with experience
and qualifications; Group Medical (includes dental and vision) and
life insurance; pension scheme.

Interested persons should apply no later than August 17th, 2007 to:
DA 8128
c/o The Tribune
P.O. Box N-3207
Nassau, Bahamas


To avtislin MeT/i tT -,





the 1 nespaep i chculaion


Vacancy For The Position Of.


____j I


FRIDAY, AUGUST 10, 2007, PAGE 7B


THE TRIBUNE















Vonage slips from spot as


the


largest Internet-based


phone service provider


* By DAVID HO
Cox News Service
NEW YORK Battered by legal
and financial troubles, Vonage Hold-
ings Corporation has slipped from its
spot as the largest provider of Inter-
net-based phone service, overtaken
by cable firm Comcast Corporation.
Reporting second-quarter financial
results Thursday, Holmdel, N.J.-based
Vonage said it had slowed financial
losses by cutting marketing expenses,
but that also meant fewer new sub-
scribers.
Vonage also said it had made
progress with technology changes
meant to sidestep a court ruling that it
violated patents held by Verizon Com-
munications Inc.
Vonage gained 57,000 customers
for a total of 2.45 million in the three


months ending June 30.
In that period, Comcast surpassed
the three million mark by adding
671,000 subscribers for its digital
phone service.
The passing of leadership bragging
rights is the latest sign of a shift in the
Internet phone industry as stand-alone
providers struggle and cable compa-
nies ascend by selling phone services
in packages along with Internet access
and TV.
"Most customers will choose the big
bundle, since this is where the bar-
gains will be," said Jeff Kagan, a
telecommunications analyst based in
Atlanta. He said Vonage can com-
pete for only a small slice of those
consumers.
Vonage, which once deluged the
Internet with advertising, reduced
marketing spending in the second


quarter to $68 million, down from $90
million a year before.
The company said its net loss nar-
rowed to $34 million, or 22 cents per
share, down from $74 million, or $1.16
per share for the same period last
year. Excluding one-time charges,
Vonage lost $18 million, or 12 cents a
share.

Revenues
Revenues were up 43 per cent to
$206 million from $144 million in last
year's second quarter.
"I believe we are turning the corner
on one of the most difficult periods
in Vonage's history," CEO Jeffrey
Citron said in a conference call with
analysts.
Earlier this year, a jury found Von-
age had violated patents held by New


York-based Verizon and must pay
royalties. Vonage is appealing.
Vonage has completed developing a
workaround for one Verizon patent
and has made substantial progress in
deploying the two others, Citron said.
He said customers would not notice
any changes.
Consumers may notice Vonage's
new marketing approach, which is less
about building brand awareness and
more focused on recruiting sub-
scribers, Citron said.
Vonage spent $287 to acquire each
subscriber in the second quarter, up
from $273 in the first three months of
the year. Citron said the changed mar-
keting strategy lowered that cost to
$250 in June and July.
While Vonage pioneered Internet-
based phone service for average con-
sumers in 2002, the company suffered


a disastrous initial public offering last
year. Its shares, which opened at $17,
have traded around $2 in recent
weeks.
Internet calling, also known as VoIP
or Voice over Internet Protocol, sends
telephone service over broadband
connections instead of copper wires.
Consumers typically attach normal
phones to adapters that then connect
to the Internet.
Vonage remains the largest stand-
alone Internet phone provider, but its
troubles have added unease to an
increasingly shaky industry.
SunRocket, an independent Inter-
net phone provider that was No. 2
after Vonage, suddenly collapsed last
month and abandoned more than,
200,000 customers. Many subscribers
had paid about $200 in advance for a
year of service.


Grand Bahama Power sale done


FROM page 1

meant that it was completed
without Bahamian scrutiny and
regulatory approval, and could


then be presented here as a 'fait
accompli'.
Mr Lowe, though, added that
the manner in which the trans-
action was conducted was not


surprising, since both the Gov-
ernment and Grand Bahama
Port Authority (GBPA) had


placed Bahamian infrastructure
assets on the international mar-
kets in 1992-1993 by allowing


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For a small Law Practice


Minimum two (2) years experience in


Conveyances, Mortgages & Divorce


Please e-mail resume to
legal_assist01 @ yahoo.com
or fax to 326-0626 before
August 13, 2007


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Duties Include:
Demonstrates technical marketing skills and
product knowledge
SCoordinate mass media advertisement
(Prints, Radio, T.V)
Coordinate special events
Accurate dissemination of special and seasonal
advertisement

Applicant Should:
College graduate with related experience in same
or similar position
0 Strong communication skills (both written and
oral)
o High level of creativity
Highly motivated
0 Resistant to stress
0 Flexible and decisive
0 Transportation needed

Interested applicants should contact
the Human Resources Department on or
before:
Friday August 10th, 2007.


Tel: 325-2122

Fax: 356-7855


Mirant (then Southern Electric)
to acquire the 55.4 per cent
Grand Bahama Power Company
stake. "I wonder how these
things can happen with no local
knowledge or involvement," Mr
Lowe said,.
"I'm not surprised, since the
decision taken in 1992-1993
placed certain of our infrastruc-
ture assets on the international
markets. It's disappointing that
this transaction has happened
outside this jurisdiction, but like
so many other things it's not sur-
prising.
"Our national infrastructure
is being traded on the interna-
tional markets without any
recourse to us."
Mr Lowe had earlier, through
Tribune Business called for
greater transparency over
Marubeni's purchase of Grand
Bahama Power Company,
expressing concerns that no one
knew what its intentions towards
the company were, and that
these could include raising elec-
tricity rates.
The Marubeni purchase will
have to be approved by the Gov-
ernment in the form of the
National Economic Council or
Cabinet, the Grand Bahama
Port Authority and the Central
Bank of the Bahamas for
exchange control..
Neither of these is likely to
present a major obstacle, given
that the purchase with Mirant
has been sealed.


Wm_





cu


4-
4-



0

Sm


a




0

i-
.8












, (








l


The transaction is also likely
to provide a boost for the
Bahamas International Securi-
ties Exchange's (BISX) volumes.
While Mirant held 50 per cent of
Grand Bahama Power through a
wholly-owned subsidiary, Mirant
Grand Bahama Ltd, the other
5.4 per cent was owned through
a 10 per cent stake in BISX-list-
ed ICD Utilities, the holding
vehicle for the remaining 50 per
cent.
Sold
That will now have to be sold
to Marubeni via BISX. IDC
Utilities is majority owned by
Lady Henrietta St George,
whose 50.37 per cent stake gives
her 25 per cent of Grand
Bahama Power Company and
makes her the Japanese con-
glomerate's main partner.
When The Tribune called
Grand Bahama Power Company
for comment yesterday, it was
referred to a Marubeni spokes-
woman, who while taking down
this newspaper's questions said it
would be difficult to reply for
today's paper because of time
differences with Japan. .
For fiscal 2006, Grand
Bahama Power Company "fell
short" of earnings projections,
with net income down 40.8 per
cent to $3.744 million, although
"moderate growth" in customer
demand was anticipated for
2007.


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COMMONWEALTH OF THE BAHAMAS 2007/CLE/qi/

IN THE SUPREME COURT

IN THE MATTER of ALL THAT lot of land
containing 4936 square feet situate on the
western side of Wright=s Lane and
approximately 530 feet south of WulffRoad in
the southern district of the island of New
Providence.
AND

IN THE MATTER of the QUIETING TITLES ACT 19 9

AND

IN THE MATTER OF THE PETITION OF ELVIS COLLETT

NOTICE

ELVIS COLLETT, the Petitioner claims to be the owner in fee simple in

possession of the said piece parcel or lot of land and had made application to the Supreme

Court of the Commonwealth of The Bahamas under Section 3 of The Quieting Titles

Act,1959, to have the said piece parcel of lot of land investigated and the nature and

extent thereof determined and declared in a Certificate of Title to be granted by the Court

in accordance with the provisions of the said Act.

Copies of a diagram or plan showing the position boundaries shape marks and

dimensions of the said piece parcel or lot of land filed in this matter may be inspected

during normal working office hours at the following places:
1. The Registry of the Supreme Court, Ansbacher House, East Street, Nassau;

2. The office of ArthurD. Hanna&& Co, 10Deveaux Sreet,Nassau, The

Bahamas, attorneys for the Petitioner; and

3. The Administrator-s Office, Kemp=s Bay, Andros, The Bahamas.

NOTICE is hereby given that any such person having drawn a right of dower or an

adverse claim or a claim not recognized in the petition shall within Thirty (30) days after the

appearance of Notice herein filed in the Registry of the Supreme Courtin the City of Nassau

aforesaid and serve on the Petitioner or the undersigned a statement of his, her or its claim in the

prescribed form verified by an Affidavit to be filed therewith.

Failure of any such person to file and serve a Statement of his, her or its claim on or before the

said Thirly 130) days herein will operate as a bar to such claim.

ARTHUR D. HANNA & Co,
Attorneys for the Petitioner
Chambers
10 Deveaux Street
Nassau, Bahamas


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protection from heat and rain, and help prevent
fadng of carpets and drapes.


Al- -



(
~


I


PAGE 8B, FRIDAY, AUGUST 10, 2007


THE TRIBUNE














French bank suspends three





funds over home loan crisis


* By JEREMY W PETERS
James Kanter iI Paris
and Julia Weroiyiei in
London contribute
reporting
c.2007 New York Times
News Service
I l(' K~S(1 dropped slaIpll
S" .. . trading open< d \es-
i Id; V allelr a French hank.
\'\ I'iPariMhas. suspended ,'pic-
il!i l'. ol three of its luld's in
liic wake of turmoil in the US
ni:ii ':, h e II(lins and the
'uiropean (Cential Bm k inlijt-
e'd ash into the lfilian l \s-
1m because of tighteilgiln ced-
ii nimaikets.
I he Dow Jones industrial
ae rage fell more than 2()00
l'oints. or 1.5 per etl t. while
the Standard & Poor's 500-
siock index and th, Nasdaqi
eonnposite index Wi re down
i'ts' as much. Short alter 10
.at. the Nasdaq had i covered
niuch of its losses but the D1)ox
I iinained down about I 70
I',ints.
I he lilunge came afhl a .il-i
If in [:-ilrol- e. vwhi 11 as
ptoi iiJtei altel bINP' lie
l'.Chrgest publicly traded blink hi
i iance, became the !,I,.L'
I uropean lender to annolinieCC
problems linked to the w\\ors
eCning credit market in thel
United States. where several


iuge companies have already
miiiIonIiiced losses.
A German central ban K
meeting was under way to dis
cuss details of a rescue package
for the lender IKB, another
victim of exposure to the crisis
in subprime lending.
.1 onathan Mullen. a
spokesman for BNP, said that
ihe credit squeeze in the Unit
L d Stales had made it impossi-
hik to calculate the value ot
tile underlying assets of the
funds and that the bank was
obliged by market condition,;
to lialt holders of the liunits
lion) cashing out or new
im estors from buying shares
in the funds.
'it s quite exceptional to sus-
pend funds, and it means that
people can't buy in or sell out
of the funds," Mullen said.
"But we hope this is going to
be temporary and that the
market will come back."
Mullen said that about one-
third of the funds w'ei
exposed to subprime loans but
ihat thosc investments wer ;:n
nigh qualItV parts of that inar
kel "We've seen no degrada-
lio n in lh. quality of these
ads, is niioi of ohiciih naI ve
been put on watch for a down-
grade." Mullen said. "This is
just a technical pioblem about
liquidity."


W\tlh hanks pulling back on
li idicig ver all, the European
it. iii n Bank lent. more than
$! Su biilinm overnight at a rate
ot lour piCl cent to inject cash
into the financial system.
A key question is whether
some uiopean lenders know
ilk full Lxtent of their expo-
sure to the subprime lending
crisis )iiOnly last week, BNP's
chiil execute ive. Baudouin Piot,
saici the bank's exposure to
subpi ilKne woes was "absolute-
ly negligible "
BNP shires fell more than
iL. per ..cent in early trading,
but MIullel reiterated that the
bank itself had almost no expo-
sure to the subprime crisis. He
said the lunds are held by BNP
clients and represent just a
fraction, or 1.6 billion euros,
of the 6(i00 billion euros the
bank currently has under man-
agLinei i
Some analysts have said it is
difl tiult to determine the expo-
suin of hanks to the US sub-
-a.'iic mn.,irkec because they are
oile, th. id through collateral-
IZCL.ed JLi obligations, financial
prioducis that buniidle securities
anid hli p spread risks, and
banks often do not disclose
their exposure.
Standard & Poor's. the debt
rating agency, in July cut cred-
it ratings on $6.39 billion of


bonds backed by subprime
mortgages.
Fitch Ratings said it was
reviewing $7.1 billion, includ-
ing 19 collateralized debt oblig-
ations, for a possible down-
grade.
Concern among investors
about possible effects of sub-
prime investments and recent
woes in the credit markets


have outweighed rising earn-
ings at European banks last
month.
Shares of Deutsche Bank
and BNP dropped on August 1
even though both reported bet-
ter-than-expected profit in the
first half. Investors are reduc-
ing their exposure to banks
with large investment banking
arms, fearing losses from lever-


aged loans they have under-
written but cannot sell on to
investors.
Analysts at Keefe, Bruyette
& Woods, said earlier this
month that while exposures to
subprime may lead to "mod-
est losses or slightly lower rev-
enue" among European banks
- but that would be "entirely
manageable."


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THt WESTIN
GRAND BAHAMA ISLAND Slieraton
OU R I LUCAYA (intrid Bahama. Isdand.
................... ............ ...................
(A R IIUCAYA
Resort RESORT

cAuELLENT CAREER OPPORTUNITY

EXISTS FOR


Asian Chef De Cuisine/Asian Sous Chef
This successful candidate will assist the executive chef and oversee the
day-torday culinary operations of the Resort's Asian restaurant and will train and
,Supervise staff and monitor food quality.

PoAtion requires creativity in culinarv. budgetary analysis capabilities, thorough
k0wledge Jn. sanitation standards, applicable health codes and' writing inenus
wit' hpertise.m Chinese, Japanese and Korean cuisines a must.

A, mimmum''of 3-5 years experience as an Asian Chef de Cuisine in a resort
or hotel with multiple -food outlets and 500+ rooms.. Bachelors or culinary
degree from an. accredited institution preferred.

Asian Wok Cooks
Skilled in preparing all wok style cooking. the successful candidate must have
a thorough knowledge and working experience in all forms of Asian cuisine. A
minimum of two years experience as an Asian chef in a hotel operation and culinary or
apprenticeship program prefer

We ol er exceptional pay and benefits.
-Resum.es should be forwarded on or before August 1711, 2007 to:
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Westin & Sheraton Grand Bahama Island Our Lucaya Resort
P.O. Box F-42,500, Freeport, Grand Bahama


I ~"


FRIDAY, AUGUST 10, 2007, PAGE 9B


1 HF TRIBUNE


I










THE TRIBUNE


AP GE 10B FRIDAYAUGUST 7


( Tribune Comics

JUDGE PARKER


APARTMENT 3-G


MARVIN


arr MARVIN'S 65
ANNIVERSARY COMIINA6
UP /it A FE-/ WEEKS, WE
THOUGHT IT WOULD BE
FUN TO TAKE A LOOK
ATr OTHE74R PMEMORALE
HAPPENINGS BACK IN /qgZ


NON SEQUITUR


'o( sKa. i wc.

TIGER

-OU- 900 LAM-R
-TO 1EA9 MmiHrT
A lA NO0T.O',


CRYPTIC PUZZLE


ACROSS
3 Have one's suspicions many a bout is
'fixed'(5)
8 Take off for a journey to the Spanish
capital (5)
10 Study some nuclear notions (5)
11 He's in Coronation Street (8)
12 Admitted a bulletin's
incompleteness (3,2)
13 Seek and appear to
be in favour (4,3)
15 Urban areas with whiskey
in plenty (5)
18 The side for a learner,
for instance (3)
19 Bird's wild shriek (6)
. 21 Old jug; when broken,
get a new (7)
22 Also wandering in the
country (4)
23 Possibly high tackle (4)
24 Ran away in dread, perhaps (7)
26 The sadness of father
Thomas (6)
29 It's out of place in the
reading room (3)
31 Three could induce
unconsciousness (5)
32 Rings again and cancels (7)
34 They may well be
cold and grey (5)
35 City of the Carioca (3)
36 Extraordinary headgear? (5)
37 Did he feed a girl with
sugar? (5)
38 Slip Des about 1, possibly (5)


cryptic solutions
ACROSS: 9, HopScotch 10, Re-warded 12, N-a-il 13,
Gna-wed 14, Emot-1-oN (rev) 15, Sugar soap 17, Guil-E-
less 18, Par-ape-t 20, Al-e-E 21, We-r-e 24, Start-L-ed
26, Lays into 28, Odd's 29, As-t-em 31, Brig-and 34,
Solita-ire 36, Pickng up 38, R-omp-ing 39, A-mend-s 40,
Iris 41, I-nse-cur-e 42, Down-right
DOWN: 1, Thnk-s up 2, Spring 3, St-and out 4, Show up 5,
Prodi-gal 6, Sweepingly 7, Tro-o-er (rev) 8, Besi-d-e 11,
An-l-see-d 16, Re-port 19, Rated 20, A--d 22, Ex-tra 23,
Rim-in-l 25, Lashing out 26, Le-N 27, Con-sort 30,
Eleva-tes 31, Back down 32, Depo-si-ts 33, Strikes 35,
L-ament 36, P-lead-S 37, Ga-RA-ge


DOWN
1 That part of astrophysics that puts an
edge on things? (5)
2 Do they encourage a chap to eat
them? (7)
4 Finished half a dozen deliveries (4)
5 Like Noel Coward's spirit? (6)
6 Figure to get nothing right as a
singer (5)
7 A quiet line in practical jokes? (5)
9 Little bounder taking most of the
room (3)
12 Those keeping records in timber
production? (7)
14 Small minority making fatheaded
points (3)
16 Made weird arrangements with
conductors? (5)
17 Are they more than naturally forward
looking? (5)
19 Steps taken to keep Australians'legs
warm (7)
20 Is it inclined to upset the Poles? (5)
21 A surgeon (orthopaedic) covers this
point (5)
23 But a captain can be a good one (7)
24 On the back roads, perhaps, to
Leatherhead (6)
25 A drink with bite? (3)
27 Room whence it's wrong to kick the
cat out! (5)
28 Gives attention in rehearsal (5)
30 Goes steadily making money in
certain cases (5)
32 Peruse some more adverts (4)
33 Help Ida to reform (3)


I n I -


easy solutions
ACROSS: 9, Margarine 10, Adequate 12, Rags 13, Ornate
14, Initial 15, Spectator 17, Treatment 18,
Arrests 20, Facial 21, Area 24, Alienate 26, Fletcher 28,
Dusk 29, Scared 31, Parasol 34, All thumbs 36,
Shambolic 38, Control 39, Roasts 40, Hero 41, Domestic
42, Comedians.
DOWN: 1, Ambrosia 2, Brogue 3, Vibrates 4, Repair 5,
Majestic 6, Deliberate 7, Run into 8, Strike 11.
Flotsam 16, Tosses 19, Riles 20, Foe 22, Reeks
23, Scarab 25, Accumulate 26, Fed 27, Advance 30,
Restrict 31, Phantoms 32, Lacrosse 33, Shorten 35.
London 36, Snatch 37, Leeway.


ACROSS
3 Obscure (5)
8 Man-made
waterway (5)
10 Saltpetre (5)
11 And not (3)
12 European country (5)
13 Tempo (7)
15 Lukewarm (5)
18 By way of (3)
19 Scorn (6)
21 Agreed (7)
22 Precipitation (4)
23 Sailing vessel (4)
24 Young hare (7)
26 Climbed (6)
29 Start (3)
31 Sounds (5)
32 Draw (7)
34 Russian rulers (5)
35 Be indebted to (3)
36 Sketch show (5)
37 Tooth (5)
38 Conceit (5)


Dennis


"HEY, MARGARET. LET'S PLAY LIKE YOU'RE GOI0
T4 RouGH A CAR WAS4,4 "


) ( Calvin & Hobbes


BUT IF I O QWACT4VCTS,
I CL.D MAKE ONE E"( E
BLOOD RED ANDO WT OW
1ELL@O STRIPED, LUKE. A BMS.



teI


L Contract Bridge D

By Steve Becker ,

Lead-Directing Double


North dealer.
North-South vulnerable.
NORTH
4*A 1096
V73
*KJ
+AAQ 1062
WEST EAS
4-- +742
VJ1094 YAK
*Q 105 *973
+J98543 +.-
SOUTH
4KQJ853
VQ
*A864
+K7
The bidding:
North East South
1 + 2V 24
4 Pass 4 NT
5 V Pass 6 4
Pass Dble
Opening lead five of clubs

When a slam is bid, the dif
between making it and losing
narily ranges from 1,000 to
points, depending on vulner
Slams therefore are worthy
closest possible attention b:
sides.
Consistent with the impo
of slam hands, there are sever
cial defensive weapons that I
increase the chance of defeat
opposing slam.


One of these stipulates that when
a defender not on lead doubles a slam
voluntarily reached by the opposi-
tion, he is directing his partner to
lead, or sometimes not to lead, a spe-
cific suit.
The advantage of this convention
ST is illustrated by the accompanying
2 deal. South makes the slam if West
8652 leads a heart, the suit East bid. But
3 2 East's double forbids the normal
heart lead and calls for an unusual
lead. It is not difficult for West, with
six cards in the suit-dummy has bid,.
to deduce that the reason for East's
double is that he can ruff a club.
So West leads a club, East ruffs,
and East then cashes a heart to put
West the contract down one 200 points.
4 V With a heart lead, South would score
Pass 1,860 points.
Pass It is true that by using such a con-
vention, the defenders might oc-
casionally lose an extra 50 or 100
points they could have gained by
Ference doubling a slam. But this occasional
it ordi- loss is a mighty cheap price to pay
1,800 for ensuring the defeat of other slams
ability, that would otherwise come rolling
of the home.
y both The opening leader usually has no
trouble deducing which suit his part-
,rtance ner wants led..Most important of all,
'al spd-' he"is barred from leading the suit his
help to side has bid. Of the two side suits
ting an left, the leader's hand will nearly
always tell him where to attack.


I TARGET


HOW many words of
four letters or more
can you make from the
letters shown here? In
making a word, each E
letter may be used once
only. Each must contain
the centre letter and
there must be at least E A
one nine-letter word. No
plurals or verb forms
ending in s", no words
with initial capitals and V
no words with a hyphen
or apostrophe
permitted.
The first word of a phrase is permitted (e.g. Inkjet In
Inkjet printer).
TODAY'S TARGET
Good 10; very good 15; excellent 19 (or more).
Solution tomorrow.


DOWN
1 Shrewd (5)
2 Mobile home (7)
4 Long stride (4)
5 Joined (6)
6 Restaurant (5)
7 Interweave (51
9 Signal assent (3)
12 Delayed (7)
14 Zero (3)
16 Aviator (5)
17 Greek letter (5)
19 Abandons(7)
20 Faith (5)
21 Giant (5)
23 Boudoir (7)
24 Inferior (6)
25 Decay (3)
27 Cringe (5)
28 Abatement (3-2)
30 Body of water (5)
32 Dry (4)
33 Pointed tool (3)


I ___ a I


Tribune

Horoscope


By LINDA BLACK


FRIDAY,

AUGUST 10


ARIES Mar 21/Api 20
Anyone who tries to get you riled up
(no matter how easily that normally
happens) will be sadly disappointed.
You're saving up your energy because
you have bigger fish to fry.
TAURUS Apr 21/May 21
You are earthy, sensual and magical
this week, Taurus. Your rivals envy
you, but friends look to you for com-
passion and advice often this week,
especially with important projects.
GEMINI May 22/Jun 21
Don't expect to be very productive at
work this week, Gemini. Your emo-
tions get the better of you and start
impacting your judgement. All will
work out by the end of the month.
CANCER Jun 22/Jul 22
You've forced yourself to smile and
deal bravely with the situations that
have presented themselves in the
past. Expect to be up for another
challenge, Cancer.
LEO Jul 23/Aug 23
A certain someone has been sending
'signals your way, but you don't
know whether to act on them. "The
answer is a definite "Yes'" Others
agree to proceed.
VIRGO Aug 24/Sept 22
You are in need of a hug, Virgo, and
this week presents challenges. Look
for someone who inspires you to pro-
vide some mucli'needed I'LL. Who
knows, it could turn into more.
LIBRA Sept 23/Oct 23
Have you been wondering if some-
one has been thinking about you
romantically? If so, initiate a casual
conversation and ask a few well-
placed questions to find LI.
SCORPIO Oct 24/Nov 22
An unexpected phone call or knock
at the door may be trom someone
you've missed, Scorpio. Be bold and
make the first move now before it's
too late.
SAGITTARIUS Nov 23/Dec 21
A surprise is in store for you,
Sagittarius. However, the exact
day cannot be pinpointed. Be on
your best behavior and enjoy the
anticipation.
CAPRICORN Dec 22/Jan 20
People are unusually drawn to you tins
week, Capricorn, and you can't figure
out why. Better check to see if you're
giving off new pherenoncs or just a
winning smile.
AQUARIUS Jan 21/Feb 18
You've been extremely sensitive to
others' needs, Aquarius. Now is the
time to pamper yourself. A warm
bath and a good read sound like the
perfect plan.
PISCES Feb 19/Mar 20
You'll be the happy recipient of hugs,
love notes and tender embraces when
you least expect them. Revel.in all of
the attention.


OES b OLona Br e


Igor Bondarevsky v Anatoly
Ufimtsev, first category trade
union championship, Leningrad
1936. It was a really obscure
game, so much so that only the
finish has survived. A Soviet
magazine published
Bondarevsky's tactic, which
made such an impression that it
was already in UK books by the
early 1940s. Bondarevsky was a
grim-faced individual who
became a regular in Soviet
teams even though he was the
only USSR player to lose when
they crushed the United States
in a 1945 radio match. There
were persistent rumours that he
had good KGB connections.
Ufimtsev's career also took off
when his championship of the
defence 1 e4 d6 was named
after him throughout the Soviet
bloc. It was actually a political
decision because the true
populariser of 1 ...d6 was the
Yugoslav Vasja Pirc at a time


8422





4


2

a b c d c S b
when the Stalin-Tito split was
acute. Chessplayers took the matter
seriously, and at one World Chess
Federation meeting the Soviet
delegate spat at the Yugoslav. Alas
for Ufimtsev, most of today's
influential opening books are in
Western languages so Pirc now
generally gets the vote. Back in
1936, can you reconstruct
Bondarevsky's magical finish as
White (to move)?
LEONARD GARDEN


Chess solution 8422:1 Rh8+ Kf7 2 Be8+! Nxe8 3 Kg5 I
with no defence to Rf8 mate.I


,OI PG E


f


- I


I


T







FRIDAY, AUGUST 10, 2007, PAGE 11B


THE TRIBUNE


FRIDAY EVENING


AUGUST 10, 2007


I


Brooklyn (:15) ** THE PERFECT MAN (2005, Romance-Comedy) Hilary Duff, Hard Knocks: Training Camp With
H BO-W Dodgers: The Heather Locklear, Chris Noth. A teen invents a secret admirer for her the Kansas City Chiefs Cl
Ghosts of Flat- mother. 1 'PG' (CC)
(:00) * AMERICAN GIGOLO (1980, Drama) Big Love "Circle the Wagons" Bill ** INSIDE MAN (2006) Denzel
H BO-S ichard Gere, Lauren Hutton. A Beverly Hills escort is enlists Nicki to sell Barb and Mar- Washington. A cop matches wits
framed for murder. l 'R' (CC) gene on Weber Gaming. (CC) with a bank robber. 'R' (CC)
(6:30) *** (:15) * JET LI'S FEARLESS (2006, Action) Jet Li, Betty Sun, Dong * * AMERICAN BEAUTY
MAX-E SLITHER (2006) Yong. A martial arts master defends China's honor. (Subtitled-English) (1999, Comedy-Drama) Kevin
Nathan Fillion. 'PG-13' (CC) Spacey, Thora Birch. C 'R' (CC)
(6:50) GUYVER 2: DARK HERO (1994, Science *, THE MARINE (2006, Action) John Cena, Robert (:35) Passion
MOMAX Fiction)David Hayter. A bearer of bionic armor battles Patrick, Kelly Carison. Thugs kidnap the wife of a sol- Cove "In Too
_Earth-threatening mutants. C 'R' (CC) dier. l 'PG-13' (CC) Deep" C (CC)
(:00) * INTO THE BLUE (2005, Adventure) Paul Meadowlands (iTV) Danny's rela- * FOUR BROTHERS (2005,
SHOW Walker, Jessica Alba, Scott Caan. iTV. Four divers tionship with his children. Cl (CC) Crime Drama) Mark Wahlberg,
cross paths with drug smugglers. Cl 'PG-13' (CC) Tyrese Gibson. iTV, Cl 'R' (CC)


TMC


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

, Issues Round- Washington McLaughlin American Soundtrack: Doo Wop's Best on PBS Full-length perform-
* WPBT table discussion. Week (N) Group (N) (CC) ances from "Doo Wop 50," "Doo Wop 51" and "Rock, Rhythm & Doo
(CC) Wop." (CC)
The Insider (N) NFL Preseason Football Buffalo Bills at New Ordeans Saints. From the Louisiana Superdome in New Orleans.
0 WFOR n (CC) (Live)(CC)
Access Holly- 1 vs. 100 The mob includes soap Las Vegas A rare wine discovered Law & Order: Criminal Intent A
B WTVJ wood (N) (CC) stars Alison Sweeney, Bryan Dattilo in the Montecito's cellar is auctioned death-row prisoner's hidden scrap-
and Julie Pinson. ( (CC) off for $1 million. (CC) books of unsolved crimes.
Deco Drive * THE SCHOOL OF ROCK (2003, Comedy) Jack Black, Joan Cu- News (N) (CC)
WSVN sack, Mike White. An unemployed guitarist poses as a teacher. n (CC)
Jeopardy! (CC) Set for Life (N) 0 (CC) George Lopez George forces Max 20/20 The story behind the Rev. Bil-
S WPLG to work at the factory; the new own- ly Graham's ties to 11 U.S. presi-
er of Powers Aviation. dents. (N) A (CC)

(:00) CSI: Miami CSI: Miami "Nothing to Lose" Hora- CSI: Miami "Nothing to Lose' Hora- Intervention "Coley" Crystal meth.
A&E identity" n (CC) tio and the team search for a killer tio and the team search for a killer (N) (CC)
who escaped from prison, who escapedrfrom prison.
Hardtalk Extra BBC News World Business BBC News Our World The BBC News World Business
BBCI (Latenight). Report (Latenight). Scouts'anniver- (Latenight). Report
___ _sary.
DBET Hell Date (CC) Run's House n * SNIPES (2001, Suspense) Sam Jones III, Zoe Saldana, Nelly. Thugs chase a teen
BET (CC) they think kidnapped a rap artist. (CC)
Just for Laughs Royal Canadian Halifax Comedy Intelligence Mary goes after CSIS CBC News: The National (N) (CC)
CBC Gags (CC) Air Farce (CC) Fest (CC) director Royden. (CC) (DVS)
:CNBC 00) On the Fast Money National Heads-Up Poker Champi- The Big Idea With Donny Deutsch
CNB_ C Money onship From Las Vegas. (CC)
(:00) The Situa- Paula Zahn Now (CC) Larry King Live (CC) Anderson Cooper 360 (CC)
CN N tion Room
Scrubs The doc- The Daily Show The Colbert Re- Dave Chappelle: Killin' Them Soft- Chappelle's Chappelle's
COM tors head to a With Jon Stew- port (CC) ly Comic Dave Chappelle performs. Show Jamie Show (CC)
strip club. n art (CC) n (CC) Foxx, (CC)
Cops "Atlanta' Inside "Alaska's Toughest Prison" Forensic Files Forensic Files Forensic Files North Mission
COURT n (cc) (N) IPlastic Puzzle" Road (N)
The Suite Life of * ELLA ENCHANTED (2004, Romance-Comedy) Anne Hathaway, That's So Raven Life With Derek
DISN Zack & Cody Hugh Dancy, Cary Elwes. Young woman tries to break her curse of obe- "If I Only Had a Casey lies. ,
School project. dience. 'PG Job".,' (CC)
This Old House Home Again New Yankee Sweat Equity Sweat Equity Classic Rides Classic Car
DIY a (CC) (CC) Workshop (CC) Restoration
Johannes B. Kerner Ich Trage einen Journal: Tages- Europa Aktuell Journal: In Euromaxx
DW Grossen Nam them Depth
E! The Daily 10 (N) Chelsea Lately The Girls Next Dr. 90210 "Hollywood Mending" The Soup News. Wildest Court
E! Door Adult film star. .(N) Show Moments
NFL Live (Live) Little League Baseball World Series -- Southwest Regional Final -- Baseball Tonight (Live)
ESPN (CC) Teams TBA. From Waco, Texas. (Live) (CC)
ATP Tennis U.S. Open Series -- Rogers Masters -- Quarterfinals. From Montreal. (Live) (CC) SportsCenter -
ESPNI Intl. Edition
Daily Mass: Our The World Over Life Is Worth The Holy Rosary Defending Life Voices on Virtue
EWTN Lady Living
IT :00) Cardio Fitness Fantasy Fitness Fantasy Body Challenge Participants watch Health Cops: Sentenced to Health
FIT V Blast n1 (CC) (CC) I(CC) the awarding of the trophy. (CC)
Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
FOX-NC Shepard Smith ISusteren (Live) (CC)
FSNFL Inside the Rays Rays on Deck MLB Baseball Tampa Bay Devil Rays at Texas Rangers. From Rangers Ballpark in Ading-
FSNFL(Live) ton, Texas. (Live)
British Open Live From the PGA Championship (Live) Live From the PGA Championship
GOLF Highlights 1995
GSN Lingo (CC) Weakest Link nl (CC) Dog Eat Dog / (CC) Chain Reaction To Tell the Truth
GSN (CC) (CC)
(:00) Attack of X-Play "X-Play's Top 10 Games Cops 2.0 "Fort Cops 2.0 Ninja Warrior Ninja Warrior
G4Tech the Show! (N) Ever" Worth" n (CC) Crossover., )
M*A*S*H "Ce- Walker, Texas Ranger Thieves beat MYSTERY WOMAN: IN THE SHADOWS (2007, Mystery) Kellie Martin,
HALL meeting Relation- up a pastor and steal toys meant for Clarence Williams III, Nina Siemaszko. A sleuth finds espionage linked to
ships" (CC) needy children. (CC) a KGB double agent. (CC)
Buy Me "Paul: Selling Houses Abroad "France" A House Hunters World's Most Relocation, Relocation "Shane"
HGTV Suburban Bache- farmhouse in south west France. ( International La Extreme Homes (I (CC)
lor" n (CC) (CC) Paz, Mexico. n (CC)
Morris Cerullo Breakthrough Jay Sekulow Inspiration To- Life Today (CC) This Is Your Day The Gospel
INSP (CC) day (CC) Truth
Reba Cheyenne My Wife and According to According to Friends Ross Everybody Everybody
KTLA is kicked out of Kids Planning Jim "The Lemon- Jim 1) (CC) thinks Rachel's Loves Raymond Loves Raymond
school. Cl (CC) the wedding. ) ade Stand" date is insane. Cl (CC) 1l (CC)
Still Standing Reba "A Midse- Reba Brock RECKLESS BEHAVIOR: CAUGHT ON TAPE (2007, Drama) Antonio
LIFE Fighting over a mester Nights spreads his fa- Sabato Jr., Odette Yustman. A scandalous videotape threatens a
hairstylist. (CC) Dream" their's ashes. n teacher's job and family. (CC)
C0 Hardball Countdown With Keith Olber- MSNBC Investigates "Lockup: Re- MSNBC Investigates Brushy Moun-
MSNB (cc) mann tum to Riker's Island" tain.
Jimmy Neutron: Zoe 101 "Paige Just Jordan Pi- Drake & Josh Unfabulous (N) Funniest Home Roseanne "All of
NICK Boy Genius at P A" ano tutor. (N) Cl (CC) Cl (CC) Videos Me" (CC)
(:00) NUMB3RS Last Comic Standing "Challenge Las Vegas "Wines and Misde- News (N) A News
NTV (CC) No. 1" (N) Cl (CC) meanors" n (CC) (CC)
(:00) Trackside Rolex Sports Car Series Watkins Glen -- Daytona Prototype. From Born on the Survival of the
SPEED At... (N) Watkins Glen International Raceway in Watkins Glen, N.Y. Nurburgring Fastest
Rediscover the Behind the The Hal Lindsey Joel Osteen Dr. Frederick K. Praise the Lord (CC)
TBN Kingdom Scenes (CC) Report (CC) (CC) Price (CC)
MLB Baseball Atlanta Braves at Philadelphia Phillies. From Citizens Bank Park in Philadelphia. (Subject to * PAY IT
TBS Blackout) (Live) (CC) FORWARD
(2000) (CC)
(:00) A Model What Not to Wear "Lisa K." Music What Not to Wear "Renee 0." A Model Life "Model Motivation"
TLC Life "Model Be- teacher. (CC) Weight loss. (CC) Petra surprises the girls with some
havior" interesting prop. (N)
Golf PGA Cham- * OPEN RANGE (2003, Western) Robert Duvall, Kevin Costner, Annette Bening. Premiere. Cattle herds-
TNT pionship -- Sec- men battle a ruthless rancher in 1882. (CC)
ond Round.
TOON BEN 10: SECRET OF THE OMNI- Ben 10 Ben 10 "BIg Fat BEN 10: SECRET OF THE OMNITRIX (2007, Adven-
TOON TRIX (2007, Adventure) Premiere. Alien Wedding" ture) Voices of Tara Strong, Paul Eiding.
TV5 (:00) Toute une Mondial d'impro "Quebec vs Bel- Saltimbanques! La Route du blues Relais gour-
TV5 histoire gique" "Le Voltigeur" mands
TW Storm Stories Abrams & Bellttes It Could Happen Full Force Na- Weather: Evening Edition (CC)
TWC sr(CC) s Tomorrow ture (N) (CC)
(:00) Yo Amo a Amar sin Limites Un hombre lucha Destilando Amor La Familia P. Una Familia de
UNIV Juan Querend6n para salvar a la mujer que ama. Luche Elnuevo DiezMas miem-
inquilino. bros Ilegan.
(:00) Law & Or- Law & Order: Special Victims Unit Monk "Mr. Monk and the Birds and Psych "And Down the Stretch
USA der: Special Vic- A murdered woman's twin may have the Bees" (N) (CC) Comes Murder" (N) (CC)
tims Unit C stolen her identity. (CC)
VH1 Rock of Love- 40 Greatest Reality Moments 2 n Hogan Knows Mission: Man
VH1 Bret Michaels Best n Band n
vS Winchester Leg- Whitetail Revo- The Bucks of Best & Worst of The World of Federal Experi- Fly Fishing Mas-
VS. ends lutions Tecomate (CC) Tred Barta Beretta (CC) ence terms
(:00) America's ** BLACK MASK (1996, Action) Jet Li, Karen Mok, Lau Ching-Wan. WGN News at Nine (N) C (CC)
WGN Funniest Home A kung fu master battles power-crazed villains. C (CC)
Videos C (CC)
Everybody WWE Friday Night SmackDown! (N) C (CC) CW11 News at Ten With Kaity
WPIX Loves Raymond Tong, Jim Watkins (N) (CC)
C, (CC)
WSBK Jeopardy! (CC) Dr. Phil C (CC) News (N) Jeopardyl (CC) Frasier The gang Frasier Niles co-
WSB K heads to the hosts on Frasier's
Caribbean. show. C

Hard Knocks: ** MY SUPER EX-GIRLFRIEND (2006) Uma Thur- (:45) El Can- Entourage "The Entourage Vince
H BO-E Training Camp, man. A superheroine takes revenge after her boyfriend tante: HBO First Day F...ers" C buys a desk. C
Kansas City breaks up with her. C 'PG-13' (CC) Look C (CC) (CC) (CC)
(5:15) ** * THANK YOU FOR SMOKING (2005, Comedy- ** AMERICAN DREAMZ (2006, Comedy-Drama)
H BO-P OUT OF AFRICA Drama) Aarcn Eckhart. A tobacco lobbyist tries to be a Hugh Grant. A White House official books the president
(1985) n good role model for his son. A 'R' (CC) to judge a TV talent show. C 'PG-13' (CC)


(:45) * CRIMSON TIDE (1995, Suspense) Denzel Washington, (:45) INTO THE FIRE (2005, Drama) Sean Patrick
ene Hackman, George Dzundza. U.S. submarine officers clash over or- Flanery, Melina Kanakaredes. A plane crash brings
ders to launch nukes. l 'R' (CC) three people together. Cl 'R' (CC)


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i'm lovin' it






THE TRIBUNE


PAGE 12B, FRIDAY, AUGUST 10, 2007


Bush: No


from


US


major impact





housing woes


* By MARILYN GEEWAX
Cox News Service
WASHINGTON Presi-
dent George Bush said
Wednesday he does not expect
the nation's housing woes to
have a serious impact on the
"strong" United States econ-
omy.
Bush acknowledged the
economy has been affected by
the mortgage market's trou-
bles.
"Obviously, we had an issue
with housing? Housing got
really hot," he said? "My hope
is that the market, if it func-
tions normally, will be able to
yield a soft landing? Now,
that's kind of what it looks like
so far."
Bush said he would oppose
any attempt by government to
"bail out" people who were
facing foreclosures because of
loose lending policies.
Before long, the housing


market, as well as financial
markets, will smooth them-
selves out because "the under-
pinnings of our economy are
strong," with unemployment
low and inflation tame, he said
a nearly hour-long roundtable
discussion on the economy
with 16 reporters.
Agreement
The North American Free
Trade Agreement, widely dis-
liked by unions, has been a
positive pact for the continent,
spurring "prosperity in our
neighbourhood," Bush said.
He also said that the United
States and China have a "very
important relationship" that
enriches both nations. Still, he
has concerns about China
doing too little to protect US
intellectual property rights and
guarantee product quality.
He believes Treasury Secre-
.tary Henry Paulson will be


-N-SHOPYjLNE
CWayv Th o"t 6ohomoi osotm./
Sl i. lt. ." $ .


able to make progress on those
issues, as well as prod changes
in China's controversial cur-
rency policies, through an
ongoing series of talks with
Chinese officials.
He said he saw no need for
Congress to pass legislation to
punish China for failing to
allow its currency to more
quickly appreciate against the
dollar.
With no TV calfieras pre-
sent, Bush took a relaxed and
reassuring tone to discuss his
confidence in the US econo-
my, which recently has taken
hits from the mortgage mar-
ket's turmoil and Wall Street's
volatility.
Bush said that the recent
stock price swings are no cause
for alarm because "it's the
nature of the markets" to go
through volatile periods. But
eventually, investors will re-
focus on the fact that "the basic
fundamentals are good," he
said.
Earlier in the day, Bush met
with his other top economic
advisers, and then gave a brief
speech touting the economy's
strength. After meeting with
reporters in a Treasury build-
ing conference room, Bush
continued to talk up the econ-
omy in interview on Fox News
Channel.
Bush used his media time to
send messages to Democrats
about his intention to protect


I
.- .
L:


* UNITED States President George Bush pauses as he listens to a reporter's question
during a news conference in the White House Press Room in Washington yesterday
(AP)


his tax-cutting legacy. He said
his first-term tax cuts have bol-
stered the economy, and
believes congressional Democ-
rats should extend the cuts
before they expire in 2010.
'I'm an optimistic person,"
he said. "I'll be less optimistic
if Congress has its way and


raises taxes on the American
people."
He also wanted to make it
clear he continues to support a
guest-worker immigration pro-
gramme and would veto
spending bills that he considers
too generous.
"I recognize that Democrats


control the Congress and with
it, the power of the purse. I
also have some power and it
is called the veto. I have the
votes in Congress to sustain
vetoes, and I will use the veto
to keep your taxes low and
keep federal spending under
control," he said.


Government owes cruise lines $12m


FROM page 1 ture, etc," the notes said.
"He also pointed out that this
dock space to accommodate all move can present serious secu-
our present shipping demands. : Yrty issues given the rigid stan-
at the Nassau harbour," th '~daTrds imposed by the interna-
meeting notes read. tional multi-lateral agencies."
"There is no doubt that this Others, though, backed the
was all pre-discussed and was Arawak Cay plan and moving
the crux of the meeting." containers during non-peak
The notes said the Arawak hours. "The DPM then asked
Cay plan won "pretty broad John Bethel how long he antici-
acceptance", despite opposition pates it will take to construct the
led by Michael Maura at Tropi- Inland terminal, to which John
cal Shipping.
"Mike Maura pointed out that
80 per cent of the truck move- Cnt
ments are due to the break bulk A leading Constr
shipments, which are mostly the mainland E:
handled at John Alfred dock and
the Betty K. These are the con-
sumer related shipments fruits,
appliances, automobiles, furni- I| l ADD I


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currently seeking qualified candidates for excellent career and
leadership opportunities in our Risk Advisory Services (RAS) specialty
practice.

RAS provides comprehensive risk and advisory services through a
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help companies assess risk, monitor and improve controls within
their business processes. RAS currently seeks team players with
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Requirements:
To qualify, candidates must have:
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* Certified Internal Auditor (CIA) or Certified Public Accountant
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East Bay Street
P.O. Box N-3231
Nassau, Bahamas
Fax: 242-502-6090
Email: info.ey@bs.ey.com


1111 ERNST& YOUNG.


indicated within a year," the
notes said. "The DPM then indi-
cated that in his view the Inland
terminal could possibly solve the
major part of the congestion
problem by moving the break
bulk shipment traffic away from
town, and relocating the port
temporarily to Arawak Cay
would alleviate the rest of the
downtown congestion."
Quite how the Arawak Cay
relocation plans fit in with those


action Company of
xuma Cays has a



ORTUNITY


for a Quantity Surveyor.
Qualified persons please apply by contacting
telephone (242) 225-0850 or (242) 357-0155
between the hours of 8:00 am 5:00 pm
Monday thru Friday.



HALS BURY

CHIAM BE RS
Counsel and Attornevs-at-Law
Notaries Public





COMMERCIAL LAW specializing in conveyancing
and real property with a minimum of five years
practical and professional experience.

CIVIL LAW specializing in litigious work, personal
injury, family law and probate with a minimum of
five years practical and professional experience.

Applicants should be organized, diligent, a team
player and have the ability to work with minimum
supervision.

Successful applicants will be eligible, to participate
in the company's medical insurance plan, pension
plan and profit-sharing scheme. Salary \will
commensurate with experience.

Interested applicants should deliver their curriculum
vitae to our office situate on Village Road North,
Nassau, The Bahamas.


left behind by EDAW and the
Christie administration is
unclear. Images of shipping con-
tainers and heavy cargo trucks
do not fit well with plans' to
transform Arawak Cay into an
eco-park, shopping village,
national fairgrounds and
expanded fish fry, a recreation
and event destination also fea-
turing a private resort and Fast
Ferry port.
At the July 24 meeting, Mr
Symonette also discussed the
creation of economic and tax
incentives to encourage Bay
Street landlords to refurbish
their properties.
He indicated that he would
propose that the Churchill
Building, Adderley Building and
Government Publications Build-
ing be demolished and replaced
by more attractive buildings to
revitalise downtown Bay Street,
once appropriate accommoda-
tion for the government depart-
ments based there had been
found.
Mr Symonette denied to yes-
terday's Tribune that his involve-
ment in the meeting and down-
town Nassau's redevelopment
constituted a 'conflict of inter-
est' on his part, as alleged by
PLP Senator Jerome Fitzgerald,
due to the fact that his family is
the landlord for at least one ship-
ping firm.
Mr Symonette also denied
that the meeting was held pri-
marily to discuss relocating the
downtown shipping facilities to
Arawak Cay.
There is no evidence to sug-
gest that Mr Symonette was
attempting to advance a person-
al agenda by chairing the meet-
ing, or that he was engaged in
an 'actual' conflict of interest,
but many in the business world
would suggest that perception is
everything.
Nevertheless, his involvement
is bound to lead to cries of 'con-
flict of interest' by members of
the opposition Progressive Lib-
eral Party (PLP). The danger
with all this is that downtown
Nassau's regeneration, a project
vital to the economic and social
well-being of thousands of
Bahamians and Bahamian-
owned businesses, will become
politicised.
In turn, there are concerns
that the 'waters will be mud-
died'. and the project thrown
off-track by such distractions, as
everyone loses sight of the main
goal and greater good.
Among those attending the
meeting were Norman Solomon,
Inga Bowleg and Rick Hazel-
wood of John Bull, Khaalis
Rolle of Bahamas Ferries, Win-
ston Rolle and Philip Simon at
the Bahamas Chamber of Com-
merce. Leah Klonaris, Paul
Major. Michael Fowler and Toni
Gad at Diamonds Internation-
al.


BUSINESS


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PAGE 148, FRIDAY, AUGUST 1O 20U;


1u ilucIESwNE;





Our Luc-aa




names 1,1


convent


'~ r~iIs


THE Westin & Sheraton
Our Lucaya Resort has pro-
moted Katrice Nesbitt-Dames
to the position of conventions
service manager within its con-
ventions and catering sales
department, with effect.from
July 30, 2007.
Since joining the resort as
guest concierge agent in Feb-
ruary 2005, Mrs Nesbitt-
Dames has amassed numerous
letters from guest commenda-
tions. In October 2005 she was
promoted and transferred to
the conventions and catering
department, where she worked
as star meeting concierge and
played an integral role in the
smooth execution of groups
such as the Bahamas Weather
Conference, Magen David,
Wachovia, Southern Living,
Subway and, most recently,
Oracle.
The demands of Oracle, the
largest group booking in the
history of the resort and for
Starwood Caribbean was not
an easy task, as the group had
spent in excess of 10,000 room
nights over a 30-day stay.
The former lead concierge
at Walt Disney World Swan
and Dolphin Hotel, and casino
hostess at the Casino at
Bahamia, Mrs Nesbitt-Dames
holds an Associate of Science
degree in film and video pro-
duction from Florida Metro-
politan University in Orlando,
Florida.


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WIN~
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* KATRICE HiE': ui 'T-DAMtS


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manager