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Permanent Link: http://ufdc.ufl.edu/UF00084249/02969
 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: 8/17/2007
 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_02969
System ID: UF00084249:02969

Full Text




A4 .
ITrSBACK


FLAIBREAD in
HIGH 92F
LOW 78F

PARTLY
.SUNNY


The Tribune

#1 PAPER IN CIRCULATION



he BHiami MeralbI
BAHAMAS EDITION


FRIDAY, AUGUST 17, 2007







^E .I,. I ,H.


Sea Hauler victims to




sue govt, boat owners


* By ALISON LOWE
Tribune Staff Reporter
VICTIMS of the 2003 Sea
Hauler tragedy are to sue gov-
ernment and owners of the two
boats involved in the collision after
having obtained no financial relief.
Legal counsel for the victims of
the 2003 Sea Hauler tragedy will
apply for leave "in a matter of
days", according to the group's
spokesperson. Lincoln Bain.
Mr Bain said that they have
heard nothing from government
about the matter since mid-July
when the Minister for State for
Maritime Affairs said it was before
the Attorney General's Office.
Mr Bain and several of the vic-
tims have said previously that they
hoped the situation would not
reach the stage where they had to
take legal action as they hoped
that the entities involved would
own up to "their responsibilities."


SENATOR Jerome Fitzger-
ald has hit out at Minister of
State for Finance Zhivargo
Laing for describing recent
comments he made about
Prime Minister Hubert Ingra-
ham as "hypocritical" and
"disingenuous."
In a statement released yes-
terday, Mr Fitzgerald said that
while he has a "great deal of
respect" for Mr Laing he
believes that he must not have
"appreciated the context" in
which the Senator stated that
he believes Mr Ingraham
should become the Minister of
SEE page 12


* 4pc Thighs & Legs
* 2 Regular Fries
* 2 20" Drinks
* Add 2 Biscuits for 750


Four people lost their lives and
25 others were injureinjured when the
Sea Hauler mail boat and the
United Star barge collided in the
middle of the night four years ago.
One was on its way to Nassau
while the other, overcrowded with
holidaymakers, was on its way to a
regatta in Cat Island.
During the collision a crane at
the back of one of the boats top-
pled from its base, causing the
death of the four passengers, sev-
ering the leg of another and crush-
ing one man, Cedric Hart's, spine.
The victims have been living
with the debilitating after-effects of
their serious injuries, and the grief
of losing relatives and friends, ever
since.
The government-appointed
SEE page 12

Arrest made

in connection
with murder
AN ARREST has been made
in connection with the 50th mur-
der of the year.
Flying Squad officers arrested
a 40-year-old Farrington Road
man in connection with the mur-
der of Theophilus Dean.
Theophilus, 24, was fatally shot
in his backyard in early August.
His alleged assailant is now in
police custody.
Police have not released the
suspect's identity.
In a joint effort to crack
down on escalating crime levels,
officers from East Street South
police station, along with
Carmichael Road police station,
conducted an operation yester-
day performing random vehicle
searches.
According to press liaison offi-
cer Walter Evans, police netted
31 traffic citations, made six drug
arrests, and issued two arrest
warrants as a result of the opera-
tion. *SEE pictures page 7


0


Uncertainty

over PLP

Convention
N By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
DESPITE widespread
assumptions it is still uncertain
whether the PLP will have a
National Convention this year.
When asked about this issue,
PLP Chairman Raynard Rig-
by told The Tribune that the
party has not made "any for-
mal announcement about the
convention."
Not having a convention this
year would not be \r.,)ordi-
nary", Mr Rigby said.
"We usually wait and see
how things develop in any
event, in terms of what's hap-
pening around the country,
what's happening in our respec-
tive branches," he said.
The party is considering a
convention, the chairman con-
tinued, however, issues such as
SEE page 12

Ministry of Education
staff 'not paid since
being hired in April'
* By TANEKA THOMPSON
ANGRY civil servants at the
Ministry of Education are claim-
ing "victimization" because they
have not been paid since they
were hired in April 2007, The Tri-
bune has learned.
The Tribune received several
calls from angry employees, who
claimed they were getting the
"run around" from government
officials about the situation.
-According to numerous
reports, approximately 40 work-
ers who are scattered throughout
various sections of the ministry,
were hired by the former admin-
istration a few weeks before the
May general election on a month-
to-month basis and they have
yet to be remunerated for their
employment.
An employee, who spoke to
The Tribune on the condition of
anonymity, said she was one of
the "rush hires" contracted in
April to work at the Ministry and
has not received a salary or any
monetary compensation during
her four months of employment.
"I come to work everyday... I
shouldn't have to hustle like this,"
she told The Tribune yesterday.
As a single mother of five, she
SEE page 12


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egg*



9 1 I I *






0 By PAUL TURNQUEST would be the PLP's MP for Fort
Tribune Staff Reporter Charlotte Alfred Sears.
pturnquest@tdbunemedia.net These most recent claims con-
firm what The Tribune has pub-
HAVING installed nearly 1,000 lished previously of Mr Christie's
stalwart councillors during his five current support in the party.
year term as prime minister, Oppo- However, as sources highlighted
sition leader Perry Christie could yesterday, if the PLP loses its elec-
remain as leader of the PLP even tion court bid, Mr Christie's sup-
into the next general election "if he port will drop significantly, and a
so chooses." slow and eventual progression to
However, much of this support "the political sidelines" would
for Mr Christie still hinges on the begin for the one term prime min-
results of the election court where ister.
the PLP is fighting to regain three Also, amongst these stalwarts is
st's and thus the nvernment. a fraction of elders who, as the


Therefore if the results of the M PLP Leade
court do not go in favour of the
PLP, a political "bloodbath" could
follow whenever the convention was held, sources
have L:g-- led
It is believed that at that time, the currently slat-
ed front-runner, PLP MP for Bain and Grants Town
Dr Bernard Nottage, would make his leadership
aspirations known.
Along with Dr Nottage is the PLPs MP for West
End and Grand Bahama Obie Wilchcombe who
also is being touted as a favorite for the position con-
sidering his age and his ability to attract the support
of young voters. The third candidate, who is report-
ed to have the backing of Mr Christie for the post,


rP


Perry Christie years go by, are seeking to have
their final shot of power and would
only back the candidate that they
feel would "ensure" victory for the PLP.
The May 2nd general elections, as many political
observers agree, was a vote of no confidence in Mr
Christie, more than a vote against the PLP and as
such a "fresh face" must be presented to the
Bahamian people come 2012.
However, at this time, as stalwart council member
and PLP adviser Paul Adderley explained, with the
amount of support that Mr Christie currently enjoys,
SEE page 12


Solomon's Mines announces closure of four stores


AS A part of its continuing restructuring plan, Solomon's Mines today announced the do-
sure of four of its 11 Bay Street locations, its Mademoiselle location at Sandyport, Pipe of Peace
at Paradise Village and its Treasure Cay location. SEE story page three.
(Photo: Felipi Major/Tribune staff)


IPGT WINGUARD IS TESTED & PROVEN


INSTANT HURRICANE PROTCTONI NO SHUTTERS OR PLYWOOD NECESSARY


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New Cinnamon l0


^WeDoCicken R~ight. Everyime. NassaW^u'


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PAGE 2, FRIDAYAUGUST 17, 2007TILHEATRIBUSNE


Calls for swift action on Nassau



revitalisation to boost tourism


* By TAMARA FERGUSON
CONCERNED tourism
workers yesterday called for
government to act swiftly to
improve downtown Nassau,
claiming its current state will
affect the country's main indus-
try.
Restructuring of the city cen-
tre will play a major role in
increasing visitors and reduce
complaints that are becoming
common among tourists, they
say.
Some straw vendors claim
that, although construction of
a new straw market is urgently
needed, Bay Street must also
be renovated to further meet
visitors' needs.
"Although there has been an
improvement in the amount of
garbage seen on Bay Street,
there is still a lot of work that
needs to be done to ensure that
the area is appealing to
tourists," a vendor said.
"Bahamians must show con-
cern for the appearance of Bay
Street as many visitors can be
found here. Some Bahamians
just throw their garbage any-
where on Bay Street," the ven-
dor added.
Another vendor said there


are too many abandoned build-
ings on Bay Street.
"The owners of these buid-
ings should renovate them or
sell them to an investor who will
assist in transforming these
buildings. These buildings take
away from the beauty of the
downtown area in one way or
the other." she said.
Some licensed hair-braiders
employed at Festival Place. on
Prince George Wharf also
claimed that the area provided
for them also needed to be
upgraded.
The vendors claimed.the
building is leaking, and the cab-
inets need to be fixed.


They also claim that many
tourists complain about the
benches provided for them
while their hair is being braided.
"Many tourists say that the
benches are too hard and very
uncomfortable. This is one of
the first places cruise ship visi-
tors see. We must create a pos-
itive first impression," one
braider said.
Other braiders called for the
Ministry of Tourism to provide
more entertainment and activi-
ty in the area for tourists on
both Bay Street and at Festival
place.
"Tourists come to see our cul-
ture. Therefore, we need more


* TOURISM workers,
including straw vendors
and hair braiders, have
complained about the urgency
of revitalising downtown
Nassau if tourists are to
continue to find the area
attractive

Bahamian musicians and bands
to perform on Bay Street," said
one.
A source at the port con-
troller's office, who wanted to
remain anonymous, said various
construction projects are taking


place to improve Festival Place
and Prince George Wharf.
The source said renovations
include the addition of more
shops and a Junkanoo museum
which is expected to be opened
in the fall.
This museum will give visi-
tors and Bahamians the oppor-
tunity to review the history of
Junkanoo and other Bahamian
music.
This museum in Festival
Place will consist of Junkanoo
icons and a photographic exhi-
bition.
According to the 2007 mani-
festo of the Free National
Movement, it was intended to
promote the development of
Bay Street with the creation of
Bahamian-styled outdoor
restaurants and cultural enter-
prises.
The Tribune also interviewed
tourists on Bay Street to get
their views on the area.
North Carolina banker Glenn
Hansenbury said that, although
he enjoys the duty-free shop-
ping in downtown Nassau, he
feels that the government
should invest in adding more
shops and ensuring that the area
is kept much cleaner.
"I have noticed the many
abandoned buildings and I feel
that they should be upgraded,
torn down or sold. However, if
these buildings represent a part
of Bahamian history, they
should be preserved," he said.
Mark Ford, from Canada,
who visits the Bahamas three
times a year, said he enjoys the
experience of Bay Street, the
straw market, the Bahamian
restaurants and the people.
However, he said that more
entertainment is needed as
Bahamian musicians have so
much to offer.
"There should be a Bahamian
band to welcome the cruise ship
passengers as they arrive on the
dock. As for renovations on
Bay Street, there is always room
for improvement," he said.
Los Angeles visitor Sarah
Michaels, who is visiting Nas-
sau for the third time, said Bay
Street could be renovated, Vtr'
she einjdy 'BaySireet 'arid the
many Bahamian stores.
"I feel that the stores should'
be open at least until seven.
There should be more stores on
the main road rather than just
through the alley and addition-
al Bahamian restaurants should
be on Bay Street, rather than
foreign restaurants, because
when visitors travel, they want
to experience something new
and different," she said.
According to a long-term vis-
itor from England, although
Nassau is a perfect vacation
spot, the government must
ensure that Bay Street receives
the transformation needed.
The tourist, who has been vis-
iting the Bahamas since 1986,
said it is sad to see so many
abandoned buildings on Bay
Street.
"When tourists travel from
Blue Hill Road and over the
hill on to the British Colonial
Hilton, the first thing they see is
those old abandoned buildings.
These buildings take way from
the beauty of the area," she
said.


OIn brief

Charges are
planned in
Guyanan
road digging

N GUYANA
Georgetown
ABOUT a dozen gold and
diamond miners will be
charged with illegally digging
up roads in remote Guyana
and severing underground
water pipes serving 1,200
families, the mines commis-
sioner said Wednesday,
according to Associated Press.
Authorities broke up
small-scale illegal mining
operations earlier this month
in the southwestern city of
Mahdia, near the Brazilian
border, after residents report-
ed contaminated water and
roads with 20-foot craters,
Commissioner William Wool-
ford said.
The state-owned water
company said damage to its
pipes will take weeks to
repair.
Guyanese officials are also
checking whether the miners
had permits for their excava-
tion equipment, Woolford
said. Charges were still being
prepared, and no arrests were
made.
Gold is one of Guyana's
top exports, behind only sug-
ar and rice, but critics say
mining is destroying the
ecosystem and livelihood of
those who inhabit the dense
jungles.

Correction on
donation by
Perry Christie
to regatta
THE Tribune reported on
Thursday that "King" Eric
Gibson claimed that former
Prime Minister Perry Christie
had donated $15,000 to keep
Anna Nicole Smith's name
out of the government-spon-
sored Valentine's Day sailing
regatta in Montagu Bay.
However, the event that
Mr Gibson was referring to
was the New Year's Sailing
V Regatta, which'took place:
two months earlier in Mon-
tagu Bay.

Comments by
FNM chairman
directed at
whole party
THE Tribune reported on
page three yesterday that
FNM Chairman Johnley Fer-
guson has accused the PLP
chairman of telling "half-
truths" and circulating "mis-
information." Mr Ferguson
made his statement generally
towards the PLP as a party,
and not Mr Rigby or any oth-
er individual in particular.
The Tribune apologizes for
the error.

TROICA
EXTERM~ ~JINA~TORS(I ~

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Send complete resume with education and work
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THE TRIBUNE


PAGE 2, FRIDAY, AUGUST 17, 2007


R1"I,






FRIDAY, AUGUST 17, 2007, PAGE 3


THE TRIBUNE


LCLNW


OIn brief

Haiti activist
planning
senate run
goes missing
* HAITI
Port-au-Prince
A SENATE candidate in
the the party of ousted for-
mer President Jean-Bertrand
Aristide has disappeared and
may have been kidnapped,
police and supporters said
Wednesday, according to
Associated Press.
Lovinsky Pierre-Antoine,
a human rights activist and
member of Aristide's Fanmi
Lavalas party, was reported
missing by his family on Sun-
day, police spokesman Frantz
Lerebours said. Police found
Pierre-Antoine's abandoned
car near his Port-au-Prince
home.
Pierre-Antoine was recent-
ly picked to represent Fanmi
Lavalas in senate elections at
the end of the year, colleague
Gilbert Elmeus told private
broadcaster Radio Kiskeya.

Man killed by
angry mob
after stealing
from home
* DOMINICAN REPUBLIC
Santo Domingo
A MAN was beaten and
then hanged from a tree
Wednesday after witnesses
said he stole yuca a staple
Caribbean starch from a
Dominican home, according
to Associated Press.
The unidentified man
pleaded for his life in what
appeared to be a Haitian
accent but was killed by a
mob of angry people, said
Ana Rodriguez, a local resi-
dent who told reporters she
witnessed the killing.
Reporters at the scene saw
the man hanging from the
tree and said he had bruises
on his body, and that his feet
bore what seemed like burn
marks. The killing occurred
in Santiago, the island's sec-
ond-largest city.


Solomon's Mines to



close four stores


AS a part of its restructuring
plan, Solomon's Mines has
announced the closure of four
of its 11 Bay Street locations,
its Mademoiselle location at
Sandyport, Pipe of Peace at Par-
adise Village and its Treasure
Cay location.
President and CEO Mark
Finlayson said these closures are
part of the company's strategy to
focus on performing assets and
divest itself of those that have
not lived up to expectations.
"The nature of the high-end
luxury business has changed on
Bay Street. We will continue to
operate our remaining seven
Bay Street stores situated
between Charlotte and Parlia-
ment Streets along with our 10
Atlantis locations."
Barry Newman, chief finan-
cial officer of Solomon's Mines,
pointed out that this move will
not result in the loss of many
retail jobs as the company has
already cut over 30 per cent of
its workforce over the last 26
months.
Additionally, he added, this is
actually the company's second
round of store closures, which
began last year with the closures
of its Blue Lagoon, Caves Village
and Hurricane Hole locations.
Mr Finlayson also announced


U MARK Finlayson
* MARK Finlayson


the company's newest manage-
ment contract with Image Duty
Free Services (IDF) in its beau-
ty and sunglass division.
"Although there have been
discussions with many interest-
ed parties, Solomon's Mines has
been careful in choosing the
right partner. IDF is an experi-
enced player in the duty free
market with a young, dynamic
team of managers that share our
vision for where duty free is
headed in the Caribbean."
IDF has operations in Grand
Cayman, French Guyana and
at San Ysidro and Otay Mesa.


which are located at one of the
busiest borders between the
United States and Mexico.
"This is a part of our long-term
strategy in which we have signed
and are successfully operating
our Ferragamo and Lalique bou-
tiques under management con-
tracts with Salavatore Ferragamo
International and Atlas Corpo-
ration respectively.
"Our newly-signed key sup-
pliers agreement with one of 84
worldwide diamond site holders
will allow us to effectively com-
pete with Diamonds Interna-
tional, Colombian Emeralds,
Effy, DeLucci and the Venetian."
Paul Major of Major Con-
sulting Ltd. (consultant to
Solomon's Mines) added: "This
company is in the midst of exe-
cuting a repositioning business
plan which involves strategic
alliances, cost-cutting and re-
focusing of priorities.
"I am particularly excited
about the company's move from
operating under multiple retail
banner names to the Solomon's
Mines banner, which in my
opinion has superior brand
recognition.
"A major part of thie reposi-
tioning also involves greater focus
on the local market which has
repeat high business potential."


* By ALISON LOWE
Tribune Staff Reporter
THE BAHAMAS has been
ranked fifth in the top 10 most
popular honeymoon destina-
tions, with Hawaii once again
taking the top spot.
The Honeymooner's review
guide, in its 2007 survey, found
that the Hawaiian Islands, as in
previous years, are still the
choice destination for newly-
weds.
Mexico, Jamaica and St Lucia


came in ahead of the Bahamas.
the Dominican Republic,
French Polynesia, Fiji, Antigua
and Italy rounding out the top
10.
It has been suggested that
honeymooners chose their top
destinations based on factors
other than overall beauty and
appeal.
The fact that.American citi-
zens can travel to the destina-
tion without a passport a
convenience that US citizens
used to enjoy in the Bahamas,:


but no longer do., due to new
legislation passed in early 2007
- contributes to the popularity
of the state as a honeymoon
destination, along with the
excellent weather, English-
speaking locals and US curren-
cv. it has been noted.
The proximity of destinations
such as Hawaii and the
Bahamas to the US, which
means shorter and less expen-
sive flights, aids their populari-
ty. a1 r-:- 'rit
alowe~tribunenmii&la.net .....


SThe Mal-at*Maratbon
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UBS (Bahamas) Ltd. is one of the world's leading financial
institutions in the Caribbean. Through oar Business Area Wealth
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by providing them with comprehensive, value enhancing
services. Our client advisors combine strong personal
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UBS, helping them provide a full ,ange of wealth management
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In order to strengthen our IT team in Nassau, we are looking for
the following position:

IT Technical Analyst

In this challenging position you will be responsible for:

The deployment and management of business critical solutions.
You will be expected to be a self-starter, time oriented
individual with project management and documentation skills,
strong technical background, sound writing and
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Minimum Requirements
At least 4 years relevant networking experience working in a
medium to large scale environment.
B.S. Information Systems, Computer Science or related field
Strong expertise in;
PBX management
Structured cabling
Routers, switches, fire walls, NAS, SAN
Cisco Certified Network Associate
UNIX operating system background
Proficient in Data Centre management and Server
deployment
Proficiency in: Networking (Server 2003, Windows 2000),
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Written applications should be addressed to:


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Human Resources
P.O. Box N-7757
Nassau, Bahamas


wbISS. I


2007



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PAGE 4, FRIDAY, AUGUST17, 2007 THE TRIBUN


The Tribune Limited
NULLIUS A I)ICT( 'US JURARE IN VERBA MAGISTRI
Being Hound to Swear to The l)ognas of No Master

LEON E.. II. I)UPUCII, Publisher/Editor 1903-1914

SIR ETIENNE DUI'UC'II, Kt., O.B.E., K.M., K.C.S.G.,
(Hion.) 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

TELEPH( NES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-2387
Nassau Fax: (242) 328-2398



Fred Mitchell's trip, petty mischief


THERE are those who claim that the reason
Fox Hill celebrates the emancipation of slavery
a week after the rest of the Bahamas is because
it took that long for the news to travel from
downtown Nassau to the slave village in the
east. This is probably an old wives tale, but
there are many Bahamians who believe it.
After reading Fox Hill MP Fred Mitchell's
announcement that he plans to go to CAR1-
COM to update that body on the Bahamas'
relations with the rest of the region, we won-
dered if there had been the same time lag prob-
lem in Mr Mitchell's case after all Fox Hill is
still the same distance in miles from Nassau,
despite modern communications. Is it possible
that the news has not yet reached Mr Mitchell
that the PLP lost the election and he is no longer
foreign affairs minister and, therefore, no longer
accredited to CARICOM?
Or are we the ones out of touch? Has Foreign
Affairs Minister Brent Symonette pulled :' fast
one on us and appointed Mr Mitchell as his
deputy so that he can personally take the PLP's
good news from the Bahamas to CARICOM?
Maybe Mr Mitchell thinks he will go to
CARICOM to talk to his "friends." If that's
his mission he will discover that in politics
"friends" quickly disappear once a colleague
has dropped from view. Just envision the intro-
duction: "Your friend. Fred Mitchell, is here
to see you to chat about the PLP's position on
certain matters pertaining to the Caribbean
area," only to be welcomed with words that
might go something like this: "Uh huh, who's he,
and what has the PLP got to do with this -
didn't they lose the government?"
But seriously, who is going to receive an
out-of-office politician, and what do they care
whose fault it is that Carifesta will not be held in
the Bahamas next year? CARICOM has settled
on 2012 as the date for Carifesta in the
Bahamas. As far as its members are concerned
it's a minor matter that has been settled. Those
heads of state have far more pressing matters to
consider than being waylaid by Mr Mitchell's
bleat. Added to which CARICOM doesn't meet
again until February, so Mr Mitchell has plenty
of time to discover that he would just be wasting
his time.
If the intention of this trip is to embarrass the
Ingraham government, then, in our opinion the
last laugh will be on Mr Mitchell.
Mr Mitchell says he plans to go to CARI-
COM to be sure they are aware that the "PLP
does not support the disengagement of this
country from relations with the rest of the
region."
Who suggested that the Bahamas is going to
disengage from relations with its regional neigh-
bours? However, it does mean that what is in


the best interest of the Bahamas will not be
sacrificed just to keep the regional "boys" hap-
py.
"The cancellation of the Carifesta X and the
reason given are not accurate and the rest of the
region needs to know that Carifesta could have
been done here in 2008 and it was because of
the present government's own indecisiveness
that it did not go ahead," Mr Mitchell said.
Well, if they need to know that, then they
also need to know that the Christie govern-
ment had two years to start preparations for
Carifesta, but up until the May 2 election when
they were dismissed from office, no preparations
had even started. Maybe a little emissary should
be sent behind Mr Mitchell so that CARICOM
will know the full truth as if they are even
interested. Indeed Mr Mitchell's petty mission
could make this country the laughing stock of
the whole region.
Mr Mitchell also criticised a statement
allegedly made by Foreign Affairs Minister
Svmonette that he may not go ahead with the
visa abolition agreement that "we patiently
concluded with the European countries to abol-
ish the need for Schengen visas for Bahamians
to travel to Europe."
As far as we understand, and contrary to
what Mr Mitchell claims, no one has "patiently
concluded" the visa question. It is true that
Mr Mitchell started the process, but it has sev-
eral levels to go before anyone can claim a con-
clusion. In other words, Mr Mitchell got to the
starting line, but he didn't finish the race.
Mr Symonette is not backing off, but the
implications of the required exchange of tax
information has to be considered before Schen-
gen visas can be finalised for Bahamians. Nat-
urally this government is not going to make
any decision that could compromise this coun-
try's financial sector.
Mr Mitchell also hoped Mr Symonette would
go ahead with plans to hold a session of the
Caribbean- South African Diaspora in the
Bahamas on August 28.
Mr Symonette has said that at the request of
Senior Minister Dame Billie Miller of Barbados,
the conference will not be held in the Bahamas
this month. The dates conflict with both a func-
tion being held in Barbados at that time and the
Jamaican elections.
However, Mr Symonette hopes that the con-
ference can be rescheduled for February when
the heads of CARICOM hold their meeting
lih're.
This will also save Mr Mitchell a trip, because
CARICOM members will be here on his own
turf. However, as Mr Mitchell is not a part of an
elected government, no one will really be inter-
ested in his grievances.


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MULI ISOUT URITREAN -.

EVEN IN
MIAMILMJRCETCR
MolooAou JutNrho aa/su TukC.


Noise needs





to be shut off





and snuffed out


EDITOR, The Tribune.
IN THE name of God,
what's going on out on the
streets? These noises definite-
ly amount to, as well as ili-
cate, a terrible evil, and I hear
no one in authority say one
word about these noises being
disallowed.
Is it because policeman and
politician, now men in gov-
ernment, are all part of this
very same abominable evil'?
I see this connection clearly.
I hear from privately owned
vehicles, the same volume of
house-shaking, earth-shatter-
ing noises which accompanied
campaigning this past May and
up to election day. But it has
not gone away. It seems they,
politicians, sanctioned these
noises then and they do not
stand against them now. This is
part of the insanity I've written
of earlier, elsewhere, which
political culture and its men-
tality release into the culture
generally and permanently.
These noises need to be shut
off, snuffed out. Political cam-
paigning is over. These are the
inconsistencies about govern-
ing which for me amount to
hypocrisy. The need for
grouper and crawfish season:
the need for national parks;
the sensitivity which these reg-
ulations suggest, imply: even
the need for national health
insurance. These certainly sug-
gest caring to me.
But when these same per-
sons in government, with every
square inch of the nation, as
well as everyone to see over
- to be custodian of, how is it
that there is such hush regard-
ing these ungodly distur-
bances, especially from vehi-
cles on our streets? How come
there is silence, not a word,
about eliminating smoking in
public places in The Bahamas'?
Around the world this is being
implemented. Why not here'?
Isn't this Paradise?
Is it that where members of
government live are like our
nation's national parks and
Kemp Road and other such
areas are outside of any such
protection? My demand is that
you go far beyond Urban
Renewal. I want to see the
most inner of inner-city air tis,
treated like our nation's
national parks.
I want Kemp Road and oth-
er such forsaken areas to
become Edenic. like before


the fall. No one informed me
that Judgment had come and
gone and I was assigned to hell
for my sins. Attention has to
be brought to these areas in
our country to make them
immediately fit for human
habitation. These areas, crim-
inally, are left to fester like
sores.
The mayhem gets worse and
worse, with little attention
being paid. Bad habits and
attitudes, towards who is
neighbour in our inner-city
communities, become worse
and worse habits. This neglect,
on the part of the-powers-that-
be in our land, makes me ache.
It seems, so-called leaders,
only want the people to exploit
to get into office; deep down
though, they do not care gen-
uinely, about transforming
their lives.
Littering is another sin I'd
mention before I shut off and
shut up. Who has taught
Bahamian adults and their
children this habit? Who will
help them to break it? It just
gets passed on and on. Who


will awaken these people, our
people, to the fact that the
ground they walk over and lit-
ter, is their country, is their
earth and it is as much their
own as themselves? Not real-
ising this is what is truly disen-
franchisement and in compar-
ison, voting is but little or
nothing.
Who in God's name, is
teaching Bahamian citizens
principles of citizenship and
what it is and what it means
to be a human being what it
is, this gift of society what it
makes possible what we get
from it and what in turn, we
must give to it, in order for it
to function, to work? It is del-
icate. It requires reciprocity.
Too many see themselves in
society, only in roles of taking
and taking from politicians
down to the most ordinary cit-
izen; though there is nothing
and can be nothing ordinary
about citizenship. We have to
give back as much as we take
out of this social situation or
it's gonna die and we're gonna
die. Cold and simple.

OBEDIAH MICHAEL
SMITH
Nassau,
July, 2007.


Sermons should not


go on for too long

EDITOR, The Tribune.
THERE is an art to oratory, speaking and the making of a sermon -
don't speak too long.
Regrettably many politicians make the fatal mistake when they
speak they shout and they talk too long. Most Speech Consultants will
recommend that 15-minutes at the outside is enough then the audience
will start fidgeting, their thoughts wander all over the place and their
attention is lost but, of course, the speaker goes on and on.
Reverends are about the same except it seems the majority of the
Revs today think their audiences are deaf not just a little deaf, but
stone deaf. The natural reaction to that screaming is the intended
receiver of the words of wisdom turns off totally.
I must suggest that this persona of Reverends screaming from the tops
of their lungs indicates and sends a negative message which could be
reflected in the attitude of our peoples. We are not the same once
friendly Bahamians we were 30 years ago.
Throughout Christ's mission on earth not once did he raise his voice,
except when he threw the Tax Collectors out of the Temple.
Any orator of any worth should be able to encapsulate their message
in a 15-20 time slot, quietly and specifically deliver it with effect.
Think about it....two hours of screaming as the preacher or politico
tries to get the ear of the audience is a total waste of time when if the
preacher or politician used their sense in a quieter voice, without bel-
lowing, they could catch the ear of at least a few listeners in 15 minutes.
Shouting and screaming clearly to me indicates a lack of security and
conviction in the subject you are talking about and you are trying to get
over something so you are defeating precisely what you want to achieve;
actually annoying your audience.
It would be nice if we could be guaranteed in future visits to a church
of your choice to know the Rev will not be screaming from the pulpit for
more than 20 minutes. Am I asking for too much?
MARCIA THOMPSON
Nassau,
June 31st, 2007.

















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THE TRIBUNE


PAGE 4, FRIDAY, AUGUST 17, 2007


- ---- --.-


Ai







FRIDAY, AUGUST 17, 2007, PAGE 5


THE TRIBUNE


0 In brief


Man in court

on charge of

marijuana

possession

A 22-YEAR-OLD Miami
Street man was arraigned in
Magistrate's Court yesterday
, on a marijuana possession
charge.
It is alleged that on Tues-
day, August 14, Jonathan
Meadows was found in posses-
sion of a quantity of marijuana
which authorities believed he
' intended to supply to another.
Meadows, who appeared
I before Chief Magistrate Roger
-t Gomez at Court One, Bank
i Lane, pleaded guilty to the
charge and was fined $4,000.
Failure to pay the fine will
result in a six-month prison sen-
tence. Meadows, according to
'. the prosecution, was found in
possession of five ounces of
' marijuana.
"1 0 FOUR people were
Ik arraigned in Magistrate's Court
,, yesterday on weapons and
1i ammunitions charges.
Derek Dauphin, 25, Denise
Dauphin, 49, Tina Duphin, 20,
and Natalee Dell, 21, were
arraigned before Magistrate
Renee Mckay at Court Six, Par-
1 liament Street.
It is alleged that on Tuesday,
i, August 14, they were found in
,'i possession of a .9 mm pistol,
{ seven .9 mm bullets as well as
. five shotgun shells.
The accused all pleaded not
guilty to the charges and were
each granted $10,000 bail. The
case was adjourned to Decem-
ber4.
0 U THREE men charged
i'i with attempted murder were
granted bail yesterday.
The accused, Sean Moss, 28,
Ricardo Moss, 27, and Mark
Moss, 26, all of Grey's Terrace,
were arraigned before Magis-
trate Rene McKay at Court Six,
Parliament Street, on Monday,
charged with attempting to
cause the death of Glen
Williams, who was reportedly
shot in the neck.
0 The men were not required
to plead to the charge and
pleaded not guilty to the charge
of possessing an unlicensed
firearm.
They were each granted
$10,000 bail. The case was
adjourned to November 19.


'Bahamas Against Crime'





pro ect being launched


* By TANEKA THOMPSON

IN RESPONSE to the "critical state of
affairs" in the Bahamas and the alarming rate
of 50 murders for the year, a new anti-crime ini-
tiative is underway.
Spurred by the "astronomical levels" of
crime, the national project called 'Bahamas
Against Crime' is being launched in a bid to
"positively impact the widespread crime
and violence being experienced," a statement
said.
"Voices of concern are being raised in every
sector of society, but a clear way forward has so
far eluded us," the statement, issued by Rev C
B Moss, president of the Council for Social
and Economic Development, said.
"All this while crime and violence continue
to escalate, causing a great deal of fear among


the population."
Organised by Rev Moss, Bishop John
Humes, president of the Bahamas Christian
Council, and Mr Fred Munnings, president of
Civil Society Bahamas, the project will aim to
involve all residents of the Bahamas, providing
them with an opportunity to demonstrate their
individual and collective opposition to crime
and violence in (the) nation, the statement
said.
The project is sponsored by the Council for
Social and Economic Development in con-
junction with the Bahamas Christian Council
and Civil Society Bahamas, and will operate
similarly to another private sector project,
'Hands Across the Bahamas.'
Organisers are planning a press
conference next week to elaborate on future
initiatives.


Arrests from separate incidents believed to be connected


* By NATARIO McKENZIE

FIVE men were arrested
on Wednesday following sep-
arate incidents which police
believe may have been con-
nected.
The first arrest stemmed
from an incident which
occurred in the parking lot of
the City Market foodstore on
Cable Beach, according to
police press liaison officer ASP
Walter Evans.
Shortly after noon on
Wednesday, a 36-year-old
woman was walking in the
parking lot of City Market
foodstore when green Buick
car pulled up beside her.
According to police, an
occupant of that vehicle
grabbed the woman's handbag
but the woman did not let go.
As a result, the woman was
dragged a short distance as the
vehicle pulled off but was not
seriously injured.
After the car sped off the
woman .phoned ,police.


Moments later, in the Skyline
Drive area, officers from Cable
,Beach police station caught up
with the vehicle.
It was stopped, searched and
three men were arrested.
According to ASP Evans,
two of them live in Mount
Pleasant Village and the third
is from Freeport, Grand
Bahama.
Mr Evans told The Tribune
that police believed that, prior
to that arrest, there may have
been some telephone commu-
nication between occupants of
that vehicle and occupants of a
another vehicle in the West
Ridge area.
According to ASP Evans,
officers from Cable Beach
police station who were in the


rFncd


West Ridge area had reason
to stop a white Nissan Maxi-
ma.
While searching the vehicle
police reportedly found a small
quantity of drugs. Two men
were arrested. They are also
residents of Mount Pleasant
Village.
"We believe that there may
be some connection between
these two incidents," Mr
Evans added.


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101 Haitian

migrants are

repatriated

ONE hundred and
one Haitians, inter-
dicted near the
Bahamas on Friday,
were this week repa-
triated to their native
land.
The migrants were
caught by US Coast
Guards on an over-
loaded 35-foot
Haitian sail
freighter about 24
miles west of Great
Inagua, Bahamas.
The migrants had
revealed to officials
that their last port of
call was Boyd, Haiti,
with an unknown final
destination.
They were shipped
back to Cap Haitien,
Haiti, on Monday.


It


I


I


~a~~


I






PAGE 6, FRIDAY, AUGUST 17, 2007 THE TRIBUNE


BUSY GETTING

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THE potential for the
Bahamas and Italy to enter into
extensive dialogue on shared
experiences in tourism was one
of several topics discussed by
Italian foreign affairs delegates
.during a recent visit with Min-
istry of Tourism and Aviation
officials.
The Italian delegation con-
sisted of Ambassador Claudio
Moreno of the Ministry of For-
eign Affairs in Rome; Massimo
Cella, the director general of
the City of Milan; and Gaetano
Castellini, international rela-
tions officer of the City of
Milan.
On hand to receive the visi-
tors was under secretary of
Tourism and Aviation Lorraine
Armbrister.
"We are happy that they have
selected us as a potential part-
ner country for joint tourism
initiatives and tourism educa-
tion," she said.
"I am advised that the.acade-
mic programmes on offer are
top notch and we look forward
to sending our 'best and bright-
est minds' to gain exceptional
post graduate education in
tourism management and eco-
nomics," said Mrs Armbrister.
Tourism training and educa-
tion executives briefed the Ital-
ian delegation on the ministry's
existing and planned pro-
grammes.
The City of Milan made an
offer to the Bahamas of two
master's degree scholarships for
qualified applicants to under-


* FROM L to R: Sherry Collie, manager of training and
education in the ministry; Gaetano Castellini, international
relations officer for the Mayor of Milan; Ambassador Claudio
Moreno, special envoy of Italy for Milano EXPO 2015; Lorraine
Armbrister, under secretary in the ministry; Massimo Cella,
director general of Milan; and Pamela Moss, executive in charge
training and education at the ministry


take studies in tourism and the
economy of tourism.
Training in Italian will also
be a part of the course, provid-
ing the opportunity for students
to become skilled in a second
language.
Other issues discussed in the
meeting included consideration
by the Minister of Tourism and
Aviation of whether to attend
the BIT International Tourism
Exchange in Milan in February
2008; joint efforts between Italy
and the Bahamas on environ-
mental preservation and
tourism; a long-term co-opera-
tive effort between the Bahami-
an and Italian governments
from 2008 to 2015 with respect
to the accessibility of higher


technology; and the possible.
establishment of a Bahamian
working group for the Milan
EXPO 2015 Scientific Commit-
tee.
The City of Milan is seeking
the support of the Bahamas
government in its bid to host
EXPO 2015, a registered exhi-
bition of the Bureau Interna-
tional des Expositions.
The EXPO 2015 also
known as the World Fair is a
large, six-month-long interna-
tional exhibition of an array of
products from food to technol-
ogy.
Milan's theme for EXPO
2015 is "Feeding the planet,
energy for life" and 29 million
visitors are expected.


HOUSEKEEPING/
MAINTENANCE SUPERVISOR
The Mall at Marathon is looking for a Housekeeper/Maintenance Supervisor.
This is a challenging position for a hardworking hands on person.


General Description:
Daily management of approximately 16 20 employees including hiring, training
scheduling evaluating disciplining and over-
seeing work production. Perform routine
housekeeping tasks including but not limited to
floor machine use and maintenance, stripping and
buffing floors, vaccuming, cleaning of restrooms,
offices, food court, trash cans and windows.
Salary commensurate with experience and
accomplishments.

APPLY AT:
THE MALL AT MARATHON'S
MANAGEMENT OFFICES
NO PHONE CALLS PLEASE.




4 UBS


UBS (Bahamas) Ltd., a leading global wealth manager, is
seeking an experienced professional to join our team as


Operations Payment Specialist


The main tasks of this position are:

Process payment related journal entries including cheque
issuances, wire transfers, and standing orders
Process incoming and outgoing SWIFTS related to foreign
exchange transactions, money market deposits and loans,
credit and debit confirmations
a Investigate pending positions from the Bank Reconciliation
reports
Work on multiple system applications


Minimum requirements:

Minimum of BA in Accounting, Banking or Finance or min.
three years work experience in the accounting industry
Strong problem resolution skills
Excellent oral and written communication skills
Proficient in Microsoft Excel and Microsoft Word

Interested? Written applications should be sent to:


hrbahamas@ubs.com


or UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas


Italian delegation



meets tourism staff


THE TRIBUNE


PAGE 6, FRIDAY, AUGUST 17, 2007


,^


. ..^a~


-, --,


~-d





FRIDAY, AUGUST 17, 2007, PAGE 7


THE TRIBUNE


* POLICE dogs assist officers at the road 0 SOME vehicles were searched for various
block suspected traffic infractions
(Photos: Tim Clarke/Tribune staff)
i I -i


I & -, .. -
LOCAL NEWS

Poll~oce rack dow

Oi tafi Altin


* MEMBERS of the Royal Bahamas Police Force set up a road block on Baillou Hill Road and
Cowpen Road South and targeted motorists suspected of various different traffic infractions on
Wednesday evening



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Required: High school diploma and experience with children.

Salay: Commensurate with qualifications and experience
Please submit curriculum vitae to:
info@themerdianschool
unicorn@coralwave.com
lisa@themeridianschool.com
Or
The Meridian School at Uniform Village
Off JFK Drive behind Imperial Mattress Co.


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from people who are
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neighborhoods. Perhaps
you are raising funds for a
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area or have won an
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THE TRIBUNE


PAGE 8, FRIDAY, AUGUSI- 1/, 2007


Chur -iih bus.'Iz 1-~]uz comess local :eyesor


US Embassy gives



computers to Cat



Island primaries


We had a successful fundraiser for

Chad Thompson


We thank and appreciate all those who
supported this event. A special thanks to family
and friends who donated and attended.
Thanks again for your support.

The Thompson family


STUDENTS at the Arthur's
Town and Old Bight Primary
Schools in Cat Island will begin
the 2007/2008 academic year
with new computer rooms
thanks to the United States
Embassy.
Economic/public diplomacy
officer Paula Wikle and systems
administrator Wesley Kane
travelled to Cat Island oni
August 3 to make the presenta-
tion of eight computers on
behalf of the embassy.
Both schools, with around 70
students each, were presented
with four computers.
The embassy's donation pro-
vides the students at Old Bight
Primary School with their first


school computers, and supple-
ments the computers available
to students at Arthur's Town
Primary.
All the computers will be
ready for use when school starts
in September, an embassy
spokesperson said.
The Embassy's Navy Liaison
Office and Cat Island business-
man Vince McDonald assisted
with the transport of the com-
puters from Nassau to Cat
Island. Mr McDonald also
donated printers to both
schools.
U S Charg6 d'Affaires Dr
Brent Hardt said he was very
pleased that the embassy was
able to support the students of


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Cat Island with the donation.
He expressed hope that the
new computers will "help the
students advance academically
and open up new horizons
through the access to worldwide
information networks."
The principal of Old Bight
Primary School, Garth King,
was on hand for the installation
of computers.
He thanked the embassy and
Mr McDonald for making a
positive contribution to the
development of the students on
Cat Island and affirmed that the
computers will be very useful
in providing them with the edu-
cational assistance that they
need.


o In brief

BP Trinidad
commits to
natural gas
exploration
N TRINIDAD
Port-of-Spain
BP Trinidad and Tobago has
pledged to continue investing
heavily in natural gas explo-
ration, dismissing a recent
report that found the Caribbean
nation's reserves will last only
another dozen years, according
to Associated Press.
The unit of London-based
BP PLC will spend $1 billion
of the next five years to
find more gas, bpTT President
Robert Riley told a confer-
ence on Trinidad's energy
resources.
Trinidad, the second-largest
energy producer on the
Caribbean Sea after nearby
Venezuela, is the leading sup-
plier of liquid natural gas to the
United States. The booming oil-
and-gas economy accounts for
62 per cent of the country's
national revenue.
An audit conducted by Hous-
ton-based consultants Ryder
Scott found Trinidad and
Tobago's natural gas reserves
dropped over the last two years
from 963 billion cubic meters
to 30 trillion cubic feet 850 bil-
lion cubic meters.
But Energy Minister Lenny
Saith, who released the study
Friday, said geological data
indicate the presence of anoth-
er 34 trillion cubic feet of unex-
plored natural gas beneath
Trinidad and surrounding
waters.


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FRIDAY, AUGUST 17, 2007, PAGE 9


THE TRIBUNE


LOCAL NEWS


Toastmaster wins



highest honour


AN appetite for success led
Pamela Rolle to embrace the
many possibilities available
within the toastmasters pro-
gramme.
Ms Rolle achieved her Dis-
tinguished Toastmaster Award
(DTM) designation, recognized
as the highest achievement on
the educational track of the
Toastmasters programme.
In doing so, she pledged to
apply herself to achieve her des-
ignated goals and at times
going above and beyond the call
of duty.
A spokesperson for Toast-
masters described her as a
proactive and progressive indi-
vidual, who has demonstrated
"unwavering leadership over
the years, innately amassing a
successful track record and
climbing the echelons of the
toastmasters programme."
Ms Rolle has served in vari-
ous capacities throughout her
membership, including mentor,
vice president of membership,
vice president of education and
president of her home club,
Club 7178.
More recently she became a
permanent fixture on the legacy
scroll of Area 44 Governors,
which during her tenure assisted
Division I in chartering two new
Toastmasters clubs in the Fam-


* Left-right: Nadia Cash education vice-president, Pamela
Rolle and Glennette Reckley president)


ilh Islands, along with success
fully helping clubs achie\ e
Select Distinguished and Presi-
dent's Distinguished status.
She also lead the charge in
making Area 44 President's
Distinguished Area for the year
2006/2007.
'Paimela D Rolle (DTM) has
indeed served as a beacon in
assisting other clubs and fellow\
toastmasters to uphold the mis-


sion minl \ision1 of the Toast-
imastels programme," said the
organisation's spokesperson.
"'The members and newly
elected executives of Club 7178
tlunde r the leadership of Toast-
mastcl (ilennettc Reckley
A('d W('I., extend a profound
coi"latWuliationl to a woman who
continues to strive toward excel-
lence in both her professional
and personal life."


Scotianbank helps out Salvation Army









..
,I ,, :-- -- -" -----
















* PICTURED left to right are: Scotiabank Freeport branch manager Leroy Dailnes; Pain Gibby, a
Salvation Army volunteer of 20 years; Jumaine Bernabe, the Salvation's Arinmy Corps ministries
assistant; and Scotiabank Freeport manager of operations Arnette Watson.


The House of Values
Nassau Arcade, Bay Street


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INCLUDING MENS, LADIES AND CHILDREN'S BACK TO
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PHONE# 242-322-1060


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Bahamian Lobster Feast
Starting August 15th 2007
Once again Indulge your senses with our Spectacular
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Thai Lobster
Poached Lobster Salad
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on Tuesday. Wednesday and Thursday nights

Reservations are recommended
Open Tuesday through Saturday from 6pm

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telephone 327 0965
F'ax 327 0966


RESPONDING to a
request by the Salvation Army
in Grand Bahama, staff mem-
bers of Scotiabank Freeport
donated 48 bales of rice, 50
cases of cream crackers and
100 crates of drinking water


to the non-profit organisation.
The Freeport Corps of the
Salvation Army, situated on
West Atlantic Drive, was in
need of the food items as a part
of its hurricane and disaster pre-
paredness campaign.


The beneficiaries of Scotia-
bank's generosity will be any-
one directly affected by a hur-
ricane or disaster, including dis-
placed persons who are in need
of assistance with meals and
other essentials.


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i~Y




THE TRIBUNE


PAGE 10, FRIDAY, AUGUST 17, 2007


LOCSALNEWS I


Ginn gives hospitality


training to students


1 :ST INND, Grand Bahama
Thirti v Noun' students gained
experinclte in the hospitality
moind_ .usl i sh nIIiner after par-
*'C- II Jing n i11 sUmmeCl employ-


ment program at Old Bahama
Bay.
All of the studc nts but one
were residents of tle neighbor-
ing West End community and


received practical training in
numerous departments include.
ing the resort's yacht harbour
guest activities, engineering
food and beverage, housekeep
ing, resort store, accounts, pur-
chasing, administ action and
human resources.
Bob Van Bergen, vice presi
dent and general manager o01
Ginn sur Mer, described the
arrangement as a success.
"The programme gave young
people from the West End an
opportunity to get hands on
work experience in thi resoi
industry," he said. "The foun
dation thev laid by participate
ing will benefit them now and
when they entet tlie worklorct
As (.Ginn sur MNl develops, ou
company will need to contpoM(,
an Clemployee base of t.' ho(usands
and we will look to the Bahanim
an people to lit Ilhese postloi',


(


"Many of the skills that were
taught are those that will be
needed to operate this world-
class resort community."
Donald Glass, vice president
of human resources at Old
Bahama Bay concurred. "Par-
ticipating students said they
thoroughly enjoyed the experi-
ence and our management team
described them as mannerly and
hard-working."
Additionally, resort guests
were complimentary in their
remarks about the professional
and friendly service they
received from the students
while staying on property.
Now in its fourth year, the
resort employed the students in
three sessions lasting three
weeks each: July 1 to 17; July 18
to August 7: August 8 to
August 31.
Ginn Resorts is currently


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* PICTURED is a small group of the students employed at Old
Bahama Bay at Ginn sur Mer this summer. A total of 30 stu-
dents received on-the-job training in all major areas of the
resort. Pictured along with them are (far left) Donald Glass,
vice president of human resources; and (centre) Bob Van
Bergen, vice president and general manager of Ginn sur Mer.


developing Ginn sur Mer, a
2,000 acre resort community
adjacent to Old Bahama Bay
that will contain more than
4,400 condominium and hotel
units, nearly 2,000 single family
residential home sites, signature
golf courses designed by Jack
Nicklaus and Arnold Palmer,


clubhouses, two large marinas, a
private airport, a Monte Carlo
style casino, water and swim
pavilions, a beach club and a
spa.
The $4.9 billion Ginn sur Mer
development will serve as Ginn
Resorts' flagship Caribbean
development.


Bahamas
International I
Film Festival


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www.bintlfilmfestcom
December 6-13, 2007


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


', I
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IS LOOKING FOR SCREENING COMMITTEE
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FRIDAY, AUGUST 17, 2007, F'AGI 11


THE TRIBUNE


Spend the summer with the Bahamas' leading news and information source.
Read along with us in:


The


Tribune's


Suirnner
* a a


Pead ir;9


Ser es


For Kids 2007


The Best


in the


World
Written by Marc Talbert
Illustrated by Betsy James

STORY SO FAR: Clay's plans for -
making money backfire and his
mother and grandmother see them at
Jerry's Super-Duper.

CHAPTER SIX
A Joke and a Record

C LAY'S mother abandoned her cart
and ran toward them. "Clay!" she
gasped. Nick saw her horrified gaze fix on
Clay's filthy T-shirt and bloodstained jeans.
"What's going on?"
"So you know these kids'?" Mr. Jerry asked.
smiling.
Clay's grandmother sauntered up. "You
might say so."
"Don't be shy, son. Show then your sign."
Embarrassed, Clay held up his piece of poster-
board.
"As you can see," Mr. Jerry continued,
"these kids are raising money for the home
less and this young man is helping generous
customers with their groceries. Open your
purse strings. I'm matching them dollar for
.dollar. Would you excuse me? I need to call
the newspaper."
Nick felt uncomfortable as Clay's grand-
mother stared at them with knowing eyes
"Helping the homeless, are we?"They nod_
ded.
Nick was relieved when Clay's mother
sighed. "I thought I got rid of those jeans.
You're just full of surprises, Clay. But how
can I be angry when you're doing something
so nice?" She turned to Jazz. "What does
your sign say, dear?"
Jazz held it up.
"You're telling jokes for the homeless?"
They nodded. "People get their money
back if they don't laugh," Jazz said.
"I hope it's a whopper of a joke." Nick
could tell that Clay's grandmother was trying
not to smile.
Clay's mother glanced at her shopping cart.
"The ice cream's melting," she said. "Be a
dear, Clay, and take the groceries to the car."
"I'll show him where it is," said Clay's
grandmother, taking his elbow in hey hand.
"Do you get paid extra for helping an old
lady walk?" She chuckled.
Clay's mother turned to Nick and Jazz.
"Does your mother know what you're
doing?"
Nick shook his head. We're in trouble now!
he thought.
"Should I call her?"
"I suppose," Nick said. What would their
mother think?
Clay's mother hesitated as she turned to
go. "One more thing. I don't know where
you kids came up with this idea, but make
sure Clay gives e'ery penny to the homeless.
OK?"
Nick smiled. "Yes, ma'am," he said.
Boomer's owner, with Boomer in his arms,


i;


greeted them as they walked back to the
Scudsy-Sudsy. "I knew you'd be back!"
Grateful, Nick smiled. "Just so you know,
the dollar you gave us is going to help the
homeless."
"Wonderful! In that case you need more
business!" Boomer's owner disappeared into
the Laundromat. Soon a loose line stood in
front of Jazz and Nick.
The next couple of hours were busy. Start-
ing with Boomer's owner. Jazz whispered her
joke over and over, trying not to laugh, her
face funnier than the joke. Nearly everybody
laughed for her. Only once did Nick and
Jazz have to give money back. Whenever
Nick glanced toward the Super-Duper, Clay
was stretched out, pushing a loaded cart.
When the newspaper reporter arrived, Nick
and Jazz could barely fit another coin or bill
into their pockets. As if by magic, Mr. Jerry
appeared, pulling Clay behind him.
The reporter got her pen and pad ready.
She looked at the sign Jazz held. "Want to
share your joke with our readers?"
Jazz held out her hand. "Got a quarter?"
The reporter laughed.
Mi Jeriy grinned. "Aren't these kids some
thing? Whln you re writing this story. y'ould


Vou mention that I'm issuing a challenge to
other business leaders in this community to
match these kids dollar for dollar, just like
me?"
"'You got it," the reporter said, taking notes.
She looked up. "Here comes the photogra-
pher." A car belching blue smoke pulled up.
"Let's get some photos! Then I'll ask ques
tions."
"So much for being rich!" Clay grumped as
they posed.
"But we're famous." Nick said. Curious
people were gathered around. More people
to tell Jazz's joke to, he thought.
"I'd rather be rich," Clay muttered.
Nick checked ('lay's pockets for lumps of
money. He didn't see man\ The record was
probably his. But just in ease . He
flashed a smile just before the camera clicked.
"About my mom's groceries. I don't feel
right taking your mother s stuff. Give me
the twenty-dollar bill so Jazz and I can shop
before \ve go home."
"Man!" Clay moaned. tie frowned but
reached into his pocket. "You're wiping me
out! I was too busy pushing arts to make
much, he lillneul. "'Vh *l It'W.\ Vour joke.
anyw avy?"


Jazz cleared her throat, hunching her should
ders and speaking softly to keep ne\\ cu
tomers from hearing. "Why did the r oosei
cross the road?" Mr. Jerry. the reporter, nd
the photographer leaned close enough ii
hear.
Clax shrugged. "Should I carei. ( Ok
Why?"
"Because he wasn't dead." She \wanted 'o
laugh so much, her face must ha\e hurt.
The reporter and photograph: ; lauglhd.
Mr. Jerry laughed.
"That's the stupidest joke 1 e\ci heard'
Clay said. staring at Jazz. But then a bi i
like. nervous giggle popped from his inoutlh.
He tried to hold the laughter inside, but xw heni
he started laughing, he couldn't stop for se\
eral minutes.
A world record? Naw. But maybe a recoi d
for Clay.
THE END
Text copyright 2001 Marc Talbert
Illustrations copyright 0 2001 Betsy mTan ,
Reprinted by permission of Breakfast St I-
als, Inc.
www.breakfastserials.com







PAGE 12, FRIDAY, AUGUST 17, 2007


THE TRIBUNE


LOCAL elNEWS


FROM page one

Wreck Commission, convened in
2(X)4, found that the Port Depart-
ment failed to carry out its duties
in relation to the Sea Hauler,
including determining how many
passengers should have been
allowed to board the vessel, or
how many passengers did in fact
board the vessel.
The commission also found the
Sea Hauler "non-compliant" for
allowing too many people to
board.
Despite this, inside sources told
ihe Tribune in July that victims in
fact have no legal claim of any
kind on the government. How-
ever, the source said they would
likely receive some sort of finan-
cial settlement from the FNM
administration out of a sense of
fair play and justice.
The Tribune has previously
reported that the victims had
expected that after the Ingraham
administration took power there
might have been a speedy resolu-
'tion.
As this has failed to materi-
alise the group has finally decided
to take its case to the next level.
"If the government decides to
settle in the meantime then they
Scan do that and we will withdraw
' them from the case," said Mr
Bain, adding that the victims
themselves are still "in limbo"
and felt that they should have
received at least an offer from


Sea Hauler victims to

sue govt, boat owners
government by now. tifiably detained for years, ask-
The survivors of the tragedy ing: "If they can get their money,
claimed that the PLP government why can't we?"
did not live up to its responsibili- Their frustration was increased
ties and had not followed through when Mrs Hanna-Martin told
on its promise to assist the vic- them that medical files belong-
tims and their families during that ing to them were missing. This
party's time in office. was later refuted by former health
The group took some drastic minister Dr Bernard Nottage,
action in the last year to try to who himself became a focus of
draw attention to their plight and the victim's ire for his statements
force government to pay them on the matter.
relief funds.
In April, frustrated victims con- ........................ .................
fronted former Transport and
Aviation Minister Glenys Hanna P rry
Martin for over an hour outside e rry
her office building. One victim,
Tenneson Leslie, lodged his pros- *
thetic leg under the back tyre of C h
Mrs Hanna Martin's vehicle.
Six days before Christmas last
year, five victims of the crash, FROM page one
along with two supporters were
taken into police custody after he can still lead the PLP into the
they handcuffed themselves to next election if he so wishes.
former prime minister Perry "If he wants to, he will be. If
Christie's front gate for almost he wants to be it, he will be it.
two hours to protest what they End of the matter. Regardless of
considered to be his indifference whoever wants to be anything.
to their plight. That's if he wants to be, he may
At that time the victims com- not want to be, I really don't
pared their plight to that of the know that. I don't think he
Chalks seaplane crash, and the knows that either right now
Japanese tourist released from there's no question about that at
Fox Hill prison after being unjus- all," he said.


MINISTRY OF LANDS & LOCAL GOVERNMENT
THE PRICE CONTROL ACT, 1971
CHAPTER 339
THE PRICE CONTROL (GASOLINE & DIESEL OIL)
(AMENDMENT) ( ) REGULATIONS, 2002


The public is advised that prices as shown in the Schedule for DIESEL OIL sold by FOCOL
will become effective on Friday, August 17,2007.

SCHEDULE

MAXIMUM WHOLESALE SELLING MAXIMUM
PRICE PER US. GALLON RETAIL SELLING
PRICE PER U.S.
PLACE ARTICLE MAXIMUM MAXIMUM GALLON
SUPPLIERS'PRICE DISTRIBUTORS'
S PRICE S
S
PART A
FREEPORT INCLUDING SEA FREIGHT T

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PERMANENT SECRETARY



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MINISTRY OF LANDS & LOCAL GOVERNMENT
THE PRICE CONTROL ACT, 1971
CHAPTER339
THE PRICE CONTROL (GASOLINE & DIESEL OL)
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FROM page one
explained she was at her wits end trying to get her
children ready for the school year. Without a pay
cheque, shle cannot afford to purchase textbooks
and other school necessities for her children.
"We talk about (the state of) education in this
country... how arc my kids supposed to succeed in
school if I can'l even buy them textbooks?" she
asked. "What impression am I giving my children if
they see me going to work everyday and coming
home with nothing?"
She felt she was being "victimized" and claimed
some people at the ministry broadly assumed all of
the month-to-month workers who were recently
hired were PLP supporters.
"Carl Bethel said there would be no victimization,
no firing (in the Ministry of Education)... but I
rather you fire me than have me working for free,"
the angry employee said.
The Tribune spoke to Carl Bethel, the Minister of
Education, by telephone yesterday. While stating
that he was currently on a brief holiday, he acknowl-
edged that his ministry was "well aware" of the sit-
uation and it was being tackled aggressively.
In response to allegations that these non-regu-
larised workers were being "victimized" because of
perceived PLP affiliation, Minister Bethel adamant-
ly refuted these assertions arguing that political
affiliation was "not a consideration" for him and
his interactions with government employees.
He added that the matter was awaiting "estab-
lishment" and "financial clearance" from the Min-


FROM page one


Education.
On August 14th, while speaking
as a guest on the More 94fm radio
show "Real Talk Live", Mr Fitzger-
ald said that in a time when the
country's economy is strong, the
prime minister should personally
take on the education portfolio,
and relinquish his finance role.
"For too long the prime mninis-
ters of our country have already
assumed the role of minister of
finance, which for the control
aspect may seem like the right thing
to do, but I am of the view that to a
greater extent our economy more
or less takes care of itself...and we
don't necessarily need at this time
to focus a lot of time and energy on
those issues," he said.
"Any ministerial position a
prime minister takes," he said. "is
one where the people will be satis-
fied that the proper resources and
focus will go to."
Mr Laing criticized Mr Fitzger-
ald's comments, adding that MI
Fitzgerald had offered no such
views in relation to the corner PILP
government.
However, in his rebuttal of Mr
Laing's comments yesterday Mr
Fitzgerald explained his reasoning.
"First, my point was that
(as)....the Progressive Liberal Par-
ty had left the economy in such a
healthy state with unprecedented
sustained growth and an equally
healthy forecast for economic
growth, that it was time for our
political leaders to focus on the


Ministry of Education
istry of Finance and explained the reason for the
non-payment of salaries was due to "wider issues"
that need to be addressed and he could not give a
timeline for the resolution of the matter, stating
that it was not a decision soley up to him.
He alluded to the fact that the former PLP admin-
istration did not allocate proper finances for the
influx of newly hired personnel to the Ministry.
According to the employee, she has made sever-
al attempts to get answers from ministry officials, but
the only response she received from the depart-
ment of human resources was "they were working on
it."
According to a government official at the Depart-
ment of Treasury, under protocol the matter is being
processed at the Ministry of Finance and will then be
forwarded to the Department of Treasury before any
salaries can be released to the workers.
Attempts were made to contact the Minister of
State for Finance, Zhirvargo Laing, but he could
not be reached for comment up to press time.
Another employee, who wished to remain anony-
mous, echoed earlier sentiments. She had planned to
attend college part-time this fall, but had to withdraw
her enrolment for the this semester because she has
yet to be paid.
"I think it's because we were the rush hire before
the election," the employee reasoned yesterday, in
an attempt to rationalize as to why she has not
received a pay cheque in four months.


Senator PLP Convention


troubling issues which face our
country, specifically education and
other pressing social issues which I
stated contribute significantly to
crime," he said.
He continued: "I went on to
state that the Bahamian people are
having difficulty in trying to assess
what the vision and focus of this
new administration is and suggest-
cd that....the first step would could
be for the Prime Minister to
assume the role of Minister of Edu-
cation and thereby the Bahamian
people would be assured..."
Mr Fitzgerald added that "with
regard to my not saying anything
before", he has only recently been
appointed a Senator and "as such
have not had a previous opportu-
nity to address these issues on what
some may call a 'political plat-
form'."
"I was not a member of the pre-
vious PLP government and as such
I do not see how anything I have
said is 'hypocritical' or 'disingenu-
ous'," said the Senator.
He added that he is "however,
pleased to see that those in the gov-
erning party are at least listening to
the views which I share which
reflect those of a large segment of
our society.
"I only wish that they would
focus on the substance, content and
context of my contribution before
taking offence and making unnec-
essary., inappropriate and unwar-
ranted comments," he said.


FROM page one
the now announced election court
challenges, and the state of the
party's finances, will be factors
that influence the decision
whether to host a convention or
not.
A source inside the party, who
spoke to The Tribune on condi-
tion of anonymity raised concerns
that no convention would again
be held this year with the last
convention being in 2005.
The source said that PLPs,
especially young PLPs, want to
have the opportunity to express
themselves on relevant issues, and
that restructuring the party is now
crucial after the electoral defeat.
"If you don't have a conven-
tion, then what you are saying is
that you believe that everything is
fine, and there is not an urgent
need to restructure the party.
That could be detrimental
because everyone wants to see
growth," the source said.
"Also, there are many people
who are eager to see if there will
be a change in the leadership,
chairmanship, or the deputy
leader post," the source contin-
ued.
The source further suggested
that leadership that does not want
to be challenged, at various levels
in the party, would be satisfied if
no convention were held this
year.


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PERMANENT SECRETARY


I


I


I







FRIDAY, AUGUST 17, 2007, PAGE 13


THE TRIBUNE


LOCALNW


Home grown



talent is on



show in new


production

THE British Colonial.
Hilton was carried away in
an evening of music, poetry
and laughter last weekend
as a new production showed .
visitors true home grown
Twenty-year-old pianist
Troika Hanna, leader of
Troika Hanna and Friends,
says music is nothing new to
him, coming from five gen-
erations of musicians on
both sides of the family.
Troika serenaded the
audience with a rendition of
the Bach Prelude followed
by a duet with his mother
Tanya Hanna, CEO and co-
founder of CL Concepts and
BTC Student Spotlight, an .
organisation bent on show-
ing Bahamians the calibre
of talent the county can ... t
produce. 0 TANYA HANNA, CEO and co-founder of CL Concepts and
The entertainment came BTC Student Spotlight, presented a trophy to Leon Williams,
to a halt as Tanya presented CEO and president of BTC, for the company's contributions to
trophies to Leon Williams, youth outreach programmes.
Gregoire Tremblay, Sandy
Schaefer and Jewel Dean.
CEO and president of ent. What a pleasure to see who's who of celebrities.
BTC, Mr Williams was con- that this young Bahamian Tim Piphie, president of
gratulated for the company's has once again demonstrat- Vibe Records in New York,
contributions to youth out- ed why, despite the statis- Peter Pizzazo, a banker
reach programmes. tics against young people in from Italy and Vernon
Mr Tremblay, originally the Bahamas, we rank best Grant, a businessman from
from Canada, is a great sup- in the world". New York, were specially
porter of CL Concepts, "The performances were invited to the concert and
Maximum Bass and Troika intergenerational," says K travelled to Nassau to sup-
Hanna. Smith, artist and longtime port Troika.
Mr Schaefer, a Canadian family friend. "You know we try to
businessman and former Also in the audience were, make it an annual thing."
olympian is also an avid sup- songbird JoAnn Callender: says Trioka. a Fisk Univer-
porter of community pro- Dr Judson Eneas and his sity student.
grammes, wife, Marcheta, founders of "Balancing my concert
Jewel Dean, the music the Gentlemen's Club: Mus- around mn school year can
officer at the Ministry of tatha Alibocas, a prominent get a little crazy but it's
Education and Technology, face in Bahamian entertain- totally worth it.
reviews the organizations ment and the visual arts rep- "Just seeing the impact
programmes, making sure resenting Maximum Bass. my music has on people is
that they adhere to required Invited guest included a emipowering for me".
standards.
Then, John "Chippy"
Chipman led the audience
to a state of pure Bahami- RUSSELL & PINDER'S
an frenzy, as he and his
grandson Kanaz Light- FUNERAL HOME
bourne ignited the congoes. Eight Mile Rock, Grand Bahliania
Family and friends Troi- Telephone: (242) 348-2340/348-2131/352-9398/353-7250
ka came out to support his P.O. Box F-40557 Freeport, Grand Bahamas
debut as a producer.


Gospel
They included Pamela
Woods, who performed a
mixture of gospel, drama
and comedy; and Mr Keith
Stevenson all the way from
Seattle, Washington who
said that . this was all
spur of the moment for me".
Mr Stevenson was at one
of Pamela's concerts the
night before and said that
upon learning that he was a
pianist, she immediately
asked him to perform today.
"We're kindred souls",
Pamela says.
Also performing were Lee
Callender; Brittany Hanna
(a rising singer/songwriter
and poet) and Paul Hanna
(father of Troika and co-
founder of CL Concepts and
Student Spotlight).
When asked what he
thought about the perfor-
mances, Mr Stevenson said,
"Music is power, to be in the
presence of such a musical
family is a powerful thing.
Each performance was
great, primarily because
there were young people
involved, including the old
souls"
"This event all these
people gathered together in
Troika's name creates a
bond amongst total
strangers; it is the bond of
family".
The event was hosted by
"Gandhi" of Gems
105.9FM. Gandhi expressed
many of the same senti-
ments as Mr Stevenson
adding that "this fusion of
music, this collage of genres
totally exceeded my expec-
tations".
"Troika", she said, "is def-
initely on the verge of
becoming a household
name.
"The show was fantastic.
It was an incredible display
of musical and artistic tal-


ZETTA LOUISE

WALLACE, 73

formerly of Jones Town, Eight Mile Rock, Grand
Bahama, who died on Wednesday, August 15, 2007
at her son's residence in South Bahama, will be held
on Saturday, August 18, 2007 at 10:00 a.m. at St.
Stephen's Anglican Church. Officiating will be Rev.
Fr. Rudolph Cooper. Interment will follow in St.
Stephen's Church Cemetery.

She is survived by her children, David G. Wallace
Jr., Maureen D. Wallace, and Spender R. Parker;
adopted children, Aremena Knowles, Constance
Missick, Donnalee Bradshaw and Eleanor Rubin;
daughters-in-law, Charmene Wallace and Rosetta
Parker; grandchildren, Leslie, David R., Cleopatra
and Daronnia Wallace, Shemika, Sharron, Spencer
Jr., and Shyon Parker; Treco Grant and Tashama
Knowles; two brothers, Atwell and Leslie Gray; two
sisters, Merceletta Rolle and Marie Gray; five
brothers-in-law, Shervin Bartlett, Ernest Armbrister,
Kenneth Hepburn, Rev. Dr. John C.Wallace J.P. and
Clarence Wallace; seven sisters-in-law, Louise ahd
Ernestine Gray, Audrey Wilson, Christianna
Armbrister, Sheila Hepburn, Maria and Clara
Wallace; uncle and aunt-in-law, Solomon and Marina
Rolle, Hetlyn Gaitor and Virtal Rolle; nieces and
nephews, Jeanette, Elvis, Dave, Jackson, Allbez,
Dwayne, Oprah, Sean, Sheena, Michael. Pamela,
Christa, Barbara, Leslie, Lynette, Stephen, Anthony,
Sharon, Betty, Quinta, Emmanuel, Nathaniel, Audley,
Joyann, Rickey, Carolyn, Resireene, Kathlene, Paula,
James, Jeffrey, Resise, Charles, James, Salathiel,
Franklyn, Norman, Ernest, Princess, Dorothy,
Theodore, Julian, Tamishka, Roslyn, Saveletha,
Samuel, Jason, Lydia, Zadok, Herman, Laurence,
Jamah, Ralph, Monica, Glenda, Latoya, Micah,
Alvin, John Jr., Jeffrey, MoniCque, Ruthnell and
Romeo; numerous other relatives and friends.

Family will receive friends at Russell's and Pinder's
Funeral Home, Eight Mile Rock on Friday, August
17, 2007 from 1:00 p.m. to 7:00 p.m. and on Saturday
from 9:00 a.m. to service time at the church.


Bethel Brothers Morticians
Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026


MARGUERITE MAE MUNNINGS, 57

of #5 Button Wood Drive will be
held on Saturday at 2:00 p.m. at
B.C.P.O.U. Hall, Farrington Road.
Brother Carlton Wilkinson will
officiate. Interment will be made
in Woodlawn Gardens, Soldier
Road.

She is survived by, three children,
Shawn, Andrell and Jamal; eight
grandchildren, Trent, Chad, Jayde,
Jaymie, Corey, Jaylen, Lyric and
Jasmine; one daughter-in-law,
Patricia Munnings; five brothers,
Leslie, Basil, Harry, Carlton, John
/ and Wilfred; six sisters, Mary
Wilkinson, Ruth Fawkes, Rosamund
Byles, Deidre Pinder, Sonia Hamilton and Jennifer Petty; numerous
nieces and nephews including Corwin and Cai, Naomi, Linda and
Lamar; three sisters-in-law, Cleora Wilkinson, Erlinda and Lisba
Johnson; other relatives and friends including Casey Munnings,
the Glinton family, the Davis family, the entire Munnings family,
Andrew Conliffe and family, Katherine Rahming, Kathleen
Dummett, Janice Stuart, Winnie Thompson and family, Gloria
Bethel and family, James Davis and family, Charles "C.J." Grant
and family, the Pearson family, Arimintha Curry, Dr. Alan
Livingstone, Keri Livingstone, Theodore Tumquest,Vernice Cooper,
Dellarice Kemp, Rozalia Bowe, Peter "Dancer" Baillou, Inell
Adderley, Trixie Hanna and family, Anthony Weech, Debbie Curry,
Inza Springfield, Eurica Watson, Whilheminia "Bucky" Smith,
Theda Weech, Faith Colquhoune, and her team of caring and
dedicated nurses; Antionette Clarke, Tamara Donaldson, Lashonda
Farquharson, Vernice Knowles, Paige Mitchell, Daniska Moss,
Natera Sturrup, Schmell Weech-Woodside and Cecelia Dames.

Friends may pay their last respects at Bethel Brothers Morticians,
#44 Nassau Street on Friday from 10:00 a.m. to 6:00 p.m. and on
Saturday from 10:00 a.m. to 12:00 noon and at the hall from 102:30
p.m. until service time.



DAVID MILTON KNOWLES, 81


of Bar Twenty Corner and
formerly of Dumfries, Cat Island
will be held on Saturday 10:00
a.m. at Transfiguration Baptist
Church, Market Street. Rev.
Stephen Thompson assisted by
other ministers of the gospel will
officiate. Interment will be made
in Woodlawn Memorial Gardens,
Soldier Road.


Mr. David Milton Knowles
affectionately known as Uncle
SMinky, Unks or Bro. Knowles is
4 survived by three daughters,
.- ^ Barbara Williams, Marilyn
Knowles and Joycelyn Bain; one
son, Kenneth Knowles; one adopted son, Rudy Fowler; one sister,
Wilhelmina Saunders; five grand children, Kenneth Knowles Jr.,
Lashea Bullard, Devardo, DAngelo and DAsia Bain; three great
grand children, John, Christie and Harriett McGregor; one daughter-
in-law, Antoinette Knowles; one son-in-law, David Bain; nephews,
Rev. Brazil Rawson, Madison, Wilbert and Thaddeus McDonald,
Earl Knowles, George Newbold, Jed Strachan and Lawrence Storr;
nieces, Melverne Saunders, Evangelist Joanne Glinton, Dorothy
Murphy, Janet Newbold, Loretta Knowles, Ethel Rolle, Effiemae
Sutherland, Tammy Strachan, Marion Astwood, Evelyn Hepburn,
Elizabeth Knowles, Carolyn Heastie, Allardyce and Sybilean, Mary
Hutcheson and Idamae; grand nieces, Sherell and Raquel Newbold,
Rawsette Whyte, Tarah, Marisma and Mashan McDonald, Dellerese,
Shanique and Sharlena; grand nephews, Kenyon Ancient Man,
McDonald, Broyde, Ramon, Macharia, Matel, Warren and Brent
McDonald, Darrol Rolle, Dean, Neko and Samuel Murphy; three
sisters-in-law, Madlyn Ferguson, Ola and Rosa Fowler; three
brothers-in-law, Granville, Hayward and Henry Fowler; three 2
nieces-in-law, Beverly, Shantel and Christine McDonald; other
relatives and friends including, the Transfiguration Baptist Church
Family, the Usher board, Mens fellowship and the Finance
Committee, Curfew Lodge and Temple, management and staff of
Wongs Rubber Stamp, Dec. Colyn Thompson and Family, Martin
Rolle and Family, Livingston Farrington and Family, Theresa and
Andrea Deleveaux and Family, Wilkinson and Family, management
and staff of Super Cuts Barber Shop, management and staff of
New Oriental Cleaners, and others too numerous to mention.

Friends may pay their last respects at Bethel Brothers Morticians,
#44 Nassau Street on Friday from 10:00 a.m. to 6:00 p.m. and on
Saturday at the church from 9:00 a.m. until service time.


I


(C".))







THE TRIBUNE
PAGE 14, FRIDAY, AUGUST 17, 2007


AUGUST 17, 2007

9:00 9:30 10:00 10:30


Andre Rleu: Radio City Music Hall: Live in New York Andre Rieu per-
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(00) Toute une Mondial d'lmpro "France vs Saltimbanques! Blacks Harbour, au pays de la Relais gour-
TV5 histoire Quebec" Jinny Jacinto. sardine mands "Lyon"
TWO Storm Stories Abrams & Bettes It Could Happen Full Force Na- Weather: Evening Edition (CC)
TWC (CC) Tomorrow ture (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 Mejores Diez Familia no
amigos. tiene dinero.
(.00) Law & Or- Law & Order: Special Victims Unit Monk"Mr. Monk and the Buried Psych "Meat Is Murder, But Murder1
USA der: Special Vic- Stabler is teamed with a bitter and Treasure" (N) (CC) Is Also Murder" (N) (CC)
tims Unit n opinionated cop. f( (CC)
S (:00) The Pick The Rock Life Fabulous Life Of... "High-Priced Scott Baio Is 45 Hogan Knows Mission: Man
VHU1 p Artist n ft Hollywood Hotness" t ... and Single Best ,) Band fn
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 ters
* MAD CITY (1997, Drama) John Travolta, Dustin Hoffman, Mia Kirshner. A reporter ma- WGN News at Nine (N) n (CC)
WGN nipulates a small story into a media circus, n (CC)
Everybody WWE Friday Night SmackDown! (N) n (CC) CW11 News at Ten With Kaity
WPIX Loves Raymond Tong, Jim Watkins (N) (CC)
Loe (CC) _____ ____._raserFasi____ _r
WSBK Jeopardy! (CC) Dr. Phil A (CC) News (N) Jeopardy! (CC) Frasier "Love Frasier Frasier
WSBK Stinks" A (CC) wants Eddieto
be neutered. '

(:45) ** INSIDE MAN (2006, Suspense) Denzel Washington, Clive Owen, Jodie Foster. Entourage Vince Entourage Eric
H BO-E A cop matches wits with a bank robber, n 'R' (CC) buys a desk. A has a collision.
(CC) f (CC)
(6:15) *'x Costas NOW A (CC) Rome A grain shortage in Rome Rome "De Patre Vostro (About Your
H BO-P BEE SEASON triggers fresh hostilities. A (CC) Father)" Mark Antony returns to
(2005) 'PG-13' Alexandria. n (CC)
(6:30) ** THE *' PRIME (2005, Romance-Comedy) Meryl Streep, (:45) Hard Knocks: Training Camp (:45)* ** IN-
HBO-W CHASE (1994) Uma Thurman. A recently divorced woman dates the With the Kansas City Chiefs n SIDE MAN
ICharlie Sheen, son of her therapist, n PG-13' (CC) (CC) _____(2006) 'R' (CC)
(6:45) ** AN OFFICER AND A GENTLEMAN Big Love "The Happiest Girl" Bill * THE DUKES OF HAZZARD
H BO-S (1982, Drama) Richard Gere. A hardened loner enlists takes Margene with him to a con- (2005, Comedy) Johnny Knoxville.
I in the Naval Aviation Corps. 'R' (CC) vention. (CC) E, 'PG-13' (CC)
* A STAR WARS: EPISODE III REVENGE OF THE SMITH (2005, Science Fiction) */, THE FAST AND THE FURl-
MAX-E Ewan McGregor, Natalie Portman, Hayden Christensen. Anakin Skywalker joins the dark OUS: TOKYO DRIFT (2006) Lucas
i side and becomes Darth Vader. n 'PG-13' (CC) Black. PG-13 (CC)
(:10) RED PLANET (2000, Science Fiction) Val THE TEXAS CHAINSAW MASSACRE; THE BE- (:35)BEDTIME -
MOMAX Kilmer, Carrie-Anne Moss. Marooned astronauts strug- GINNING (2006, Horror) Jordana Brewster, Andrew STORIES 2
gle to survive on Mars. f 'PG-13' (CC) Bryniarski, R. Lee Ermey. f 'R' |(2000) 'NR' (CC)
(:00) *a LAST HOLIDAY (2006, Comedy) Queen Weeds "Doing Callfornlcation (:05) * MAN ABOUT TOWN
SHOW Latifah, Grard Depardieu. iTV. Aterminally ill woman the Backstroke" "Pilot" (iTV) L2006, Comedy-Drama) Ben Affleck.
lives it up on vacation, n 'PG-13' (CC) Truth emerges. (CC) iTV Premiere. n 'R' (CC)


(6:20) THE * SCREAM 2 (1997, Horror) David Arquette, Neve Campbell,
BOYS OF 2ND Courteney Cox. A psychotic slasher rampages through an Ohio college
STREET PARK town. n 'R' (CC)


THE BUTCHER (2006) Myiea Coy.
A murderous family stalks a group
of stranded collegians. 'R'


-- i '

-2




Let Ckailie- the

Bacikcmian Puppet and
kis sidekick De-rek put+
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kids's fcIces. I


Bring your children to the

Mdclappy Hour atMcDonald's in

Oakes Field every Tkhursday

from 3:30pm to 4:30pm dung +the

mothk of AAugust 2007.




Enjoj Great Food, Prizes and Lots of Fun.




i'm lovin' it

-. ...'. ,. '. *- .

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wood (N) (CC)


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Rock" A ghost leads Melinda to a
dangerous criminal. ,f (CC)


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against one another for a prize. f
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PAGE 16, FRIDAY, AUGUST 17,2007 THE TRIBUNE


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PAGE 16, FRIDAY, AUGUST 17, 2007


THE TRIBUNE









FRIDAY, AUGUST 17, 2007


SECTION -.. I


ss


business@tribuInemedia.inet


Miami Herald Business, Stocks, Analysis, Wall Street


Bahamas Film Studios deal likely




to be signed in next two weeks


* By CARA BRENNEN-BETHEL
Tribune Business Reporter
LAWYERS on both sides of
the negotiations for the sale of
the B3ahamas Film Studios are
in the final stages of present-
ing documentation to their
counterparts as they near the
final stages of the $14 million
deal.
Owen Bethel, president of
the Nassau-based financial ser-
vices provider, the Montague
Group, told Tribune Business
that his Bahamas Film Invest
International group is hopeful
that within the next two
weeks, a final decision can be
reached.
Right now, he said he is just
waiting to hear when negotia-
tions are completed.


* Montague Group hopeful decision imminent

* Estimated $80-90 million investment needed for business

plan with 700-plus staff employed


If that timeline can be met,
it will mark the end of a long
process to complete the sale of
the property where the Pirates
of the Caribbean trilogy was
filmed.
A stumbling block in the deal
had been reached after the
Bahamas Film Investment
group was not granted an exten-
sion over differences between
themselves and Ross Fuller,
chairman of the Asby Corpo-
ration.


The differences stemmed
from Mr Fuller's claims that the
Bahamas Film Investment
group had failed to make pay-
ments to an environmental firm
as they had warranted them-
selves to do.
That firm was understood to
be the Bahamas-based Island
By Design, run by Keith Bish-
op, who had sued the Bahamas
Film Studios over an alleged
unpaid bill relating to an envi-
ronmental impact assessment


(EIA) he had performed for the
company.
The original business plan
for the film studios called for
construction of sound stages
and other TV and film pro-
duction facilities, followed by
a movie theme park, hotel
and other real estate compo-
nents.
Mr Bethel's group estimated
that an $80-90 million invest-
ment would be needed to
realise this vision and that the


film studios could employ
between 700-1,200 fixed staff
when in use.
There is virtually no activity
taking place at the Bahamas
Film Studios site in eastern
Grand Bahama, which is the
former US Air Force Missile
Base.
It is understood that location
is just being manned by securi-
ty personnel, a far cry from the
activity generated by the filming
of the Pirates movies.


Solomon's Mines to



close four stores '.


M By CARA BRENNEN-BETHEL
Tribune Business Reporter
CONSTRUCTION of the
Jack Nicklaus designed golf
course for the $700 million
Royal Island resort develop-
ment has begun.
This was announced by
Cypress Equities, the Staubach
Company, and Behringer Har-
vard, the developers of Royal
Island.
The club was created as an
exclusive access and reciprocity
programme for only 25 Jack
Nicklaus Signature Golf Cours-
es around the world.
Royal Island is the first par-
ticipating club worldwide select-
ed by Jack Nicklaus and given
this special designation.
The entire eastern portion of


Royal Island will be solely
devoted to the course and club-
house. Initial clearing for the
18-hole layout began in mid-
April. Since then, 13 holes have
been cleared for the develop-
ment and course.
Major construction on the
golf course will begin in early
2111 i., with completion by the
end of 2009.
In addition to the Jack Nick-
laus Golf Club, Royal Island
will include a deep-water mari-
na with over 200 slips sur-
rounded by a village with shops,
cafes, customs and immigration
office, emergency services and a
captains' club.
It will also feature fuel facil-
ities. dry storage, gourmet cen-
tre, medical facilities and secu-
rity and fire services, beach


clubs, kids club, theatre, tennis,
a variety of dining options,
casual grills and sidewalk cafes
to five-star cuisine
and a gated residential neigh-
borhood with a mix of home-
sites and villas.
At the heads of agreement
signing for the resort last
December, former Prime Min-
ister Perry Christie noted that
Royal Island, along with other
planned resorts for the area -
Cotton Bay and Cape
Eleuthera would also seek to
enhance the island's economy.
In addition to the resort, the
developers have also commit-
ted to refurbish the public dock
at The Bluff to help overall
beautification of the area and
to work with the government
in upgrading the public school


* SOLOMON'S Mines on Bay Street during one of its traditional Christmas displays .


and build up government's
human infrastructure.
Furthermore, the company
has agreed to partner with the
Ministry of Housing to build a


housing sub-division near The
Bluff and have agreed to be
responsible for the infrastruc-
ture within the sub-division,
including roads and public util-


ities.
Also, they have committed t6
build a public park and clinic
to be operated by the Ministry
of Health.


Restaurant blames end of breakfast on drop in visitor arrivals


* By CARA BRENNEN-BETHEL
Tribune Business
Reporter
A decrease,in overall visitor
arrivals and the loss of hotel
rooms due to renovations
occurring at Baha Mar are
behind the recent decision of a
popular Cable Beach eatery to
stop its breakfast service.
Yolanda Strachan, manager
of Cafe Johnny Canoe, told Tri-
bune Business that a lack; of
traffic was the primary reason
the restaurant discontinued
breakfast, saying that it was sim-


* By CARA BRENNEN-BETHEL
Tribune Business Reporter
Construction of the Jack
Nicklaus designed golf course
for the $700 million Royal
Island resort development has
begun.
This was announced by
Cypress Equities, the
Staubach Company, and
Behringer Harvard, the devel-


* By CARA BRENNEN-BETHEL
Tribune Business Reporter
THE Bahamas Financial Ser-
vices Union criticised manage-
ment of the First Caribbean Bank
yesterday'for not being upfront
with them regarding working con-
ditions of employees stationed in
the wallet department of the bank
and for telling the media that the
matter was being addressed.
On Wednesday, bank employ-
ees convincingly voled to I;ike


ply not a viable option to con-
tinue.
She explained that the ser-
vice had been stopped for the
last two and a half months, after
things got extremely slow.
Although the restaurant's
breakfast service was extremely
popular with locals, there simply
were not enough to justify
opening.
"A lot of them just came on
the weekends, and through the
week it would be very dead,"
she said.
SEE page 2B


opers of Royal Island.
T'he club was created as an
exclusive access and reciprocity
programme for only 25 Jack
Nicklaus Signature Golf Cours-
es around the world.
Royal Island is the first par-
ticipating club worldwide select-
ed by Jack Nicklaus and given
this special designation.
SEE page 2B


strike action in protest of the
conditions. According to union
president, Theresa Mortimer,
the employees in the wallet area,
a highly confidential section of
the bank, are being forced to
work in a converted garage area
which has no windows and was
never intended for work stations.
Further she claimed that the
area was near a sewerage line
and was unhealthy.
SEE page 2B


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Construction of new

golf course begins


Union criticises First

Caribbean management








THE TRIBUNE


PAGE 2B, FRIDAY, AUGUST 17, 2007


Rate of US home building plunges


As more fallout from the
mortgage market squeeze
becomes apparent, there was
yet another sign on Thursday
that the worst of the trauma in
the US housing sector may not
be over, according to Associated
Press.
The pace of new residential
construction and the rate of


building permits issued fell last
month to their lowest points in
more than a decade, the gov-
ernment reported. The picture
is even gloomier than it was a
year earlier, when the housing
market was already in a state
of decline.
The annual rate of building
permits issued last month stood


at 1.4 million, 22.6 percent low-
er than the rate last July. The
rate of construction on new
homes also fell to 1.4 million,
which was 20.9 percent lower
than a year earlier.
"The bottom isn't here. It's
not even in sight yet," said
Richard F. Moody, chief econ-
omist with Mission Residential,
a real estate investment firm in
Austin, Texas.
Builders and developers are
scaling back as Americans are
finding it more difficult and
more expensive to obtain
mortgages. And as credit stan-
dards tighten across the entire
lending industry, mortgage
companies are finding it diffi-
cult to raise cash and to sell


their loan portfolios.
Countrywide Financial, the
nation's largest mortgage
lender, said Thursday that it had
tapped $11.5 billion in emer-
gency loans from 40 of the
world's largest banks, seeking
to shore up its finances.

Cutbacks

The difficulties facing mort-
gage companies have made
builders anxious, and they are
responding by cutting back, said
Michelle Meyer, an economist
with Lehman Brothers.
"They're awareof what's going
on in the mortgage market, and
they're concerned about it. And


that's adding to pessimism
among builders."
The latest construction num-
bers showed that every region
of the country has felt the
squeeze. Compared with a year
earlier, the rate of building per-
mits issued in July fell 12.5 per-
cent in the Northeast, 22.2 per-
cent in the Midwest, 25.6 per-
cent in the South and 20.7 per-
cent in the West.
New-home construction fell
everywhere except in the
Northeast, where it increased
6.1 percent at a seasonally
adjusted annual rate, compared
with last July. On an unadjusted
basis, however, construction in
the Northeast fell.
In the Midwest, the adjusted


rate of construction dropped
17.5 percent. In the South, it fell
26.3 percent; in the West, 21.5
percent.
Economists worry about a
ripple effect if the credit market
gets tighter, cutting off loans for
more individuals and corpora-
tions. Stricter borrowing condi-
tions could cause home sales to
fall even more, which could in
turn depress prices further. And
the effect of falling home prices
could cut into consumer spend-
ing, which would harm eco-
nomic growth.
"The question is how long it
persists," Meyer said. "And tim-
ing the bottom is very difficult
right now because of all the
moving parts."


Restaurant blames end of



breakfast on drop in visitors


FROM page one
Ms Strachan said, however,
that the lunch and dinner ser-
vices were doing extremely well
and were filled up most nights.
The Cable Beach strip lost a
significant amount of room
nights due to renovations on the
former Radisson, now Shera-
ton, resort.


Ms Strachan noted that,
because of this, some visitors
when they learnt of the ongoing
construction were opting to stay
off the Cable Beach strip.
Market Place, the buffet-styled
restaurant in Atlantis, has also
closed its luncheon service,
prompting calls to The Tribune
that the mega-resort might be
experiencing similar problems to


those on the Cable Beach Strip.
However, yesterday, Tribune
Business contacted Ed Fields,
vice-president of public affairs,
who confirmed that Market
Place, closed luncheon service
in 2006.
"Hence, it has nothing to do
with the tourism numbers this
year," he said.
Rather, he said, most guests


were on the pool decks during
the day where there are a vari-
ety of outdoor dining options.
Additionally, Marina Village
has a number of options, includ-
ing Carmine's, Johnny Rockets,
Bimini Road, a pizzeria and
deli, that guests can enjoy.
Mr Fields pointed out that
Market Place is open for brunch
on Sunday.


IUNGS'


INDIGO
GREAT INVESTMENT OPPORTUNITY

A unique opportunity to own 5 adjacent lots in this quaint gated
community, each lot measures 60' x 130' zoned for 15 units.
Amenities include double tennis court and swimming pool. Was
$650,000 now reduced to $550,000 for quick sale.

LOT #70 HOPE TOWN-ABACO

Large lot less than 300' from the beach with partial ocean views,
priced to sell at $285,000.

ORANGE HILL
WEST BAY STREET

17.5 Acres Superb Oceanfront in the most desirable location on
the Island. Ideal for a High-End Condo development or Class A
Office Finacial Centre. Offered at $8,000,000.

GILINGAM HOUSE MONTAGU

Class "A" Office Space Available!
Top floor comprises of 2,562 sq. ft. of leasable area and 1,108
2q. ft. of common leasable area totaling 3,670 gross square
feet. Lease Is $32 per square foot with CAM charges being $12
pers square foot This floor is being leased with partial office
furnishings.


Contact Kingsley Edgecombe
Ph: 242-424-4959
Email: kingsley@kingsrealty. comr


FROM page one
The entire eastern portion of
Royal Island will be solely
devoted to the course and club-
house. Initial clearing for the
18-hole layout began in mid-
April. Since then, 13 holes have
been cleared for the develop-
ment and course.
Major construction on the


golf course will begin in early
2008, with completion by the
end of"2009.
In addition to the Jack Nick-
laus Golf Club, Royal Island
will include a deep-water mari-
na with over 200 slips sur-
rounded by a village with shops,
cafes, customs and immigration
office, emergency services and a
captains' club.


It will also feature fuel facil-
ities, dry storage, gourmet cen-
tre, medical facilities and secu-
rity and fire services, beach
clubs, kids club, theatre, tennis,
a variety of dining options,
casual grills and sidewalk cafes
to five-star cuisine
and a gated residential neigh-
borhood with a mix of home-
sites and villas.
At the heads of agreement
signing for the resort last
December, former Prime Min-
ister Perry Christie noted that
Royal Island, along with other
planned resorts for the aiea -
Cotton Bay and Cape
Eleuthera would also seek to
enhance the island's economy.
In addition to the resort, the


developers have also commit-
ted to refurbish the public dock
at The Bluff to help overall
beautification of the area and
to work with the government
in upgrading the public school
and build up government's
human infrastructure.
Furthermore, the company
has agreed to partner with the
Ministry of Housing to build a
housing sub-division near The
Bluff and have agreed, to be.
responsible for the infrastruc-
ture-within the sub-division,
including roads and public ,util-
ities.
Also, they have committed to
build a public park and clinic
to be operated by the Ministry
of Health.


Union criticises First

Caribbean management


FROM page one
The matter has been going
on since 2005, she explained,
with a dispute being filed. She
said that the bank had been giv-
en 12 months to relocate the
staff, but as the matter was not
resolved the union asked the
Department of Labour to take a
strike vote.
"The union members voted
convincingly, in Nassau, 238
employees voted yes and 2 no,
in Freeport, 45 persons voted
yes with 41 yes votes, 1 spoilt
ballot, and 3 no votes, in Abaco,
there were 12 yes and 1 spoilt
ballot and in Eleuthera, there
were six yes ballots.
Ms Mortimer said that they
are now awaiting those results
to be certified by the Depart-
ment of Labour.
"They are using intimidation
tactics," she alleged, saying that
the bank has not been upfront
with the union on the status of
the wallet centre, despite their
assurances that they had.
"Why say that you have a
report from the contractor or
the architect on what will be
done. but you have yet to sit
down with the union and let us
know what is happening," she
asked.
"The union is a partner and
we want open and honest dis-
cussion, but the bank does not


see us a partner. We do not
want to inconvenience the pub-
lic through a strike, but we want
people to remember that these
our your brothers and sisters
and family."
On Wednesday evening, First
Caribbean issued a statement
saying in part, that: "We have
had a number of meetings to
try and resolve the matter with
the union but have not been
successful. Allegations were
made relative to conditions in
the centre and we wish to advise
that in response thereto major
steps were taken through a local
professional company to
address and correct the con-
cerns raised."
The bank added that the
Wallet Centre is in full compli-
ance with the Bahamas build-
ing code and said this was con-
firmed by professional archi-
tects.
"Additionally, the Royal
Bahamas Fire Department
conducted a full fire safety
review and has confirmed in
writing that the area meets
safety standards. The Wallet
Centre is in full compliance
with the Bahamas building
code and this has been con-
firmed in writing," the release
said.
However- union officials say
that they have not been given
proof of this.


Construction of new golf course begins


+,


I



















BUSINESS


INTERNATIONAL EDITION


ihe m iami Heralb FRIDAY, AUGUST 17, 2007


THE MARKETS
STOCKS. MUTUAL FUNDS. 7B


.ANALYSIS


S&P 500 1,411.27, +4.7 W all Street wants Fed to speed rate cut
NASDAQ 2,451.07 -7.76 V


10-YR NOTE 4.66 -0.06 V
CRUDE OIL 71.00 -2.33 V



Investors


buy low;


stocks


mixed

BY JOE BEL BRUNO
Associated Press
NEW YORK Wall Street
pulled off a dramatic late-
session turnaround to close
mixed Thursday after bargain
hunters lured by weeks of mas-
sive declines came back to the
stock market. The Dow Jones
industrials, down more than 340
points in afternoon trading,
ended the day with a loss of
just 15.
The market appeared to be
on an almost relentless down-
ward spiral after problems at
Countrywide Financial con-
firmed investors' fears that
credit problems are spreading.
Moreover, for much of the day,
investors shrugged off the Fed-
eral Reserve's injection of $17
billion into the banking system,
and appeared to be angling for a
rate cut instead.
The market clawed back
with a bounce in blue chip
stocks, with a leadership role
going to the downtrodden
financial sector.
In spite of the big comeback,
most of which came in the final
hour of trading, Wall Street is
still an uncertain place, having
been pounded by weeks, of-
losses including triple-digit.
slides in the Dow. All three of
the market's big indexes
reached levels Thursday where
they were down 10 percent ^
from their J


percent, 6'2(45.48 .6
The Standard & PoaftSi Vr
4.56, or 0.32 percent, to 1,411.26, :
and the Nasdaq composite
index dropped 7.76, or 032 per-
cent, to 2,451.07. The Russell
2000 index of smaller compa-
nies rose 17.29, or 230 percent,
to 768.83.
Bonds continued their rally
as investors fled to safer securi-
ties. The yield on the bench-
mark 10-year Treasury note
dropped to 4.66 percent from
4.72 percent late Wednesday.
Yields had been as low as 4.60
percent earlier in the session,
but began to reverse as stocks
rebounded.
Central banks around the
world have been supplying bil-
lions of funds to banks in the
past week to make cash avail-
able for lending and keep inter-
est rates from rising amid signs
that credit was drying up. The
Fed uses a repo to buy securi-
ties from dealers, who then
deposit the money into com-
mercial banks.
Bear Stearns shares have
tanked because two hedge
funds it managed failed because
of wrong-way bets on mort-
gage-backed securities, surged
$13.29, or 12.9 percent, to $116.55
on Thursday. The bank con-
firmed Thursday it cut 240 sub-
prime mortgage-related jobs.
Goldman Sachs, which
announced some of its hedge
funds have taken a big hit, rose
$4.95, or 3 percent, to $169.85.
SAdvancing issues outpaced
decliners by a 2 to 1 basis on the
New York Stock Exchange,
where volume came to a record
6.13 billion shares, up from 4.31
billion Wednesday.
Overseas, markets reacted to
the declines in the U.S. Britain's
FTSE 100 fell 3.05 percent, Ger-
many's DAX index fell L86 per-
cent, and France's CAC-40 fell
2.52 percent. In Asia, Japan's
Nikkei stock average fell 1.99
percent. Hong Kong's Hang
Seng Index fell 3.3 percent,
while the often-volatile Shang-
hai Composite Exchange fell 2.1
percent.


BY TIM PARADISE
Associated Press
NEW YORK Financial markets
to Federal Reserve: Cut rates... now.
With worries about credit taking
the Dow Jones industrials down by
sometimes hundreds of points a day
the past few weeks, investors seem to
be trying to force the Fed into giving
them the interest rate cut they want
- and well ahead of the Fed's next
meeting Sept. 18.
In good times, it's not readily
apparent to the casual observer that
the central bank is actually one of the
biggest underpinnings of the stock
market. But when the market is
squeezed and wants help, it is often
the Fed that gets the call for some
sort of lifeline.
Rate cuts lower the costs of bor-
rowing, making it cheaper for compa-
nies to do business and acquire rivals,
and they make it less expensive for


BY ALEX VEIGA
Associated Press
LOS ANGELES Countrywide
Financial, the nation's largest mort-
gage lender, said Thursday it had
borrowed $11.5 billion from a group of
40 banks to fund loans in a move that
shows just how deep the lending cri-
sis has become.
Countrywide made the move amid
a credit crunch that has driven a
number of its smaller peers to bank-
ruptcy.
Countrywide shares fell $5.14, or
more than 24 percent, to $16.15 in
afternoon trading. The stock has lost
more than half its value since Janu-
ary.
"Countrywide has taken decisive
steps which we believe will address
the challenges arising in this environ-
ment and enable the company to
meet its funding needs and continue
growing its franchise," Countrywide
President and Chief Operating Offi-
cer David Sambol said in a statement.
The credit worries have grown as
the secondary market for mortgages
all but disappeared in recent weeks.
Investors have worried about the
value of loans and rising delinquen-
cies and defaults.
Mortgage lenders rely on the sec-
ondary markets to borrow money to


consumers to buy a home or pay off
debt.
Derrick Wulf, a portfolio manager,
said some investors balked at com-
ments Thursday from St. Louis Fed-
eral Reserve President William Poole
that the central bank wouldn't need
to intervene in the stock market short
of a calamity.
"Some people's reaction to that
was 'You want a calamity, you'll get a
calamity,' said Wulf, who works at
Dwight Asset Management Company
in Vermont.
Investors' ire contributed to a 343-
point plunge in the Dow during after-
noon trading Thursday. The drop,
which took the Dow more than 1,480
points below the highs it reached in
mid-July, was almost completely
wiped out when bargain hunters and
people buying for technical reasons
moved in but that doesn't mean
Wall Street has passed the worst of


MARK LENNIHAN/AP
HOUSING SLUMP: William Thomas carries lumber at Habitat for
Humanity's Halsey Street, a 9-unit condominium project in New
York. Construction of new homes fell to the lowest level in more
than a decade in July as builders continued to struggle with the
steepest housing slump since 1991.


make more loans. The problems
started as subprime mortgages -
loans given to customers with poor
credit history started going
delinquent and defaulting at faster
rates.
The problems have spread to the
broader mortgage market, making
investors nervous about almost all
types of loans that cannot be pur-
chased by Fannie Mae or Freddie
Mac.
Such "conforming" loans are con-
sidered safer because Fannie and
Freddie are government-sponsored
entities. Countrywide said some 90
percent of the loans it originates from
now on will be conforming loans or
will meet its internal bank criteria.
The move to beef up its portfolio
of conforming loans could erode
Countrywide's earnings prospects,
because such loans "suffer thin mar-
gins barely covering overhead costs,"
Goldman Sachs analyst James Fother-
ingham said in a research note Thurs-
day.
"Credit costs are set to increase
even further than we had anticipated
as riskier loans are added to an
already troubled portfolio," he wrote.
By adjusting its product mix to
originate Fannie and Freddie-ap-
proved loans almost exclusively,


the selling.
Whether the market's drop since
last month is viewed as a healthy
pullback from new highs that came
too quickly or the start of a broader
retrenchment, some analysts contend
a rate cut by the Fed would mean the
bank was acquiescing to investors
burned by risky bets. Many of the
investments they made that are now
regarded as questionable are made
up of mortgages from borrowers with
weak credit that were bundled
together and sold off to investors. But
the concerns about failing subprime
loans have spilled beyond that sector
of the market, making access to credit
more difficult for everyone and now
ordinary investors seeing their
investments suffer.
"The equity market seems to be
pushing the Fed at the moment," said
Andrew Clare, a professor at Lon-
don's Cass Business School.


BY MARTIN CRUTSINGER
Associated Press
WASHINGTON Construction
of new homes fell in July to the low-
est level in 10'/2 years, and analysts
said there is no end in sight to the
deepening housing slump.
The Commerce Department
reported Thursday that construction
of new homes and apartments
dropped by 6.1 percent in July from
the June pace to an annual rate of L38
million units.
That was down 20.9 percent from
the pace of activity a year ago and
represented the slowest construction
pace since January 1997.
Analysts said the housing prob-
lems are worsening because of rising
mortgage defaults, especially in the
market for subprime loans. That is
dumping more homes on an already
glutted market and causing banks to
tighten up on lending standards, mak-
ing it harder for prospective buyers
to qualify for new mortgages.
"Declining starts and permits
clearly reflect deepening problems in
the mortgage market which erupted
earlier this year in the subprime sec-
tor and now have spilled over into
other components of mortgage
finance," said David Seiders, chief
economist for the National Associa-
tion of Home Builders.
The group's builder confidence
survey fell to 22 in early August, the
lowest point since January 1991, when
the country was going through


RICHARD DREW/AP
AT NEW YORK STOCK EXCHANGE:
Specialist Gerard Petti works on
the trading floor Thursday.
"I don't think the Fed should have
to come in and bail out those institu-
tions that were lax. Otherwise, that
creates a tremendous moral hazard,"
said Clare, a former analyst at the
Bank of England.


another severe downturn in housing.
Seiders said it would be some time
before housing would start to
rebound. He is"foreeasting-sie- '_MB .
stop falling-by the .-ed of-this-ye4a--
and construction'will stabilize in the"' -'
middle of 2008. .-. .- i
Other analysts said to expect more
bad news before housing stabilizes.
"As bad as July's numbers were,
they are bound to get worse in the
next one to three months because of
the turmoil in financial markets
today," said Patrick Newport, chief
U.S. economist for Global Insight. "A
mortgage is getting harder to get,
especially for those who cannot qual-
ify for prime loans."
The troubles in subprime mort-
gages, which are offered to borrow-
ers with weak credit histories, have
roiled other segments of the credit
market and sent stock prices plung-
ing in recent days as investors have
worried about what big institutions
could be put at risk because they can-
not get repaid on loans they have
made.
In a second report, the Labor
Department said Thursday that the
number of newly laid off workers fil-
ing for unemployment benefits rose
by 6,000 last week to 322,000. The
increase was unexpected. Analysts
had been looking for a decline of
around 1,000.
Housing construction fell in all
parts of the country except the Mid-
west, which posted a 2.6 percent rise.


: -ggz .-.- ..AI
DAMIAN DOVARGANES/AP
LENDING CRISIS: Countrywide Financial has borrowed heavily from n
group of 40 banks to fund loans.


Countrywide will be cutting out most
subprime, alt-A and jumbo loan prod-
ucts.
Alt-A mortgages are given to cus-
tomers who either have minor credit
problems or who cannot provide full
income documentation required to


get a traditional prime loan.
Jumbo loans are mortgages for
more than $417,000, the cap at which
Fannie and Freddie will purchase
loans. Jumbo loans typically are given
to customers with excellent ,-vot
history.


HOUSING


Home building



falls to slowest


pace in 101/2 years


MORTGAGE LENDER


Countrywide taps $11.5 billion credit line


--- 111'~1


I I I I I 1L,,II IIIIII ... 11..._.L ,
















THE MIAMI HERALD I MiamiHerald.com


INTERNATIONAL EDITION FRIDAY, AUGUST 17, 2007 14B


S&P 0 +4.57 NASDAQ '' 76 DO5 30-YR T-B-ONDS CRUDE OIL 2.33 6-MO -BILLSEURO0055 GOL -2060
1,411.27 2,451.07 12,845.78 4.96% 05 $71.00 4.21% 1.3405 $648.30




Money&Markets


2,800 2,640


2,700 2,520
2,400


2,600 ....... .....


.... .. 2,500............. ..


.. S&P 500 2,400 ...I .... .... Nasdaq composite
Close: 1,411.27 Close: 2,451.07
Change: +4.57 (+0.3%) Change: -7.76 (-0.3%)
.. ........ ... ... ......... ... ...... 2,300 ... . ........ ............ .... ...............
F M A M J J A F M A M J J A


StocksRecap

NYSE NASD
Vol. (in mil.) 6,129 3,251
Pvs. Volume 4,306 2,219
Advanced 1331 1394
Declined 2065 1728
New Highs 8 10
New Lows 1106 402


Name Last Chg
ABB Ltd 21.28 -.56
ABN Amro 43.00 -1.68
ACE Ltd 55.82 +1.59
AES Corp 17.95 -.22
AFLAC 51.55 -.19
ASML Hid 26.64 -.05
AT&T Inc 37.92 -.07
AU Optron 14.01 -.61
AXA 37.96 +.45
AbtLab 51.86 -.49
AberFitc 72.71 +.09
Accenture 37.46 -1.39
AdobeSy 39.96 -.22
AMD 11.64 -.31
Advantst rs 38.30 -.01
Aegon 17.36 +.23
Aetna 48.86 +1.72
Agilent 32.78 +.39
Ahold 11.79 -.14
AFrance 37.12 -.38
AirProd 81.87 -1.15
Akzo 70.85 -4.21
Alcan 92.30 -2.32
AlcatelLuc 10.59 -.08
Alcoa 31.92 -1.78
Alcon 132.10 +.05
AlIgEngy 49.68 -.90
AllegTch 87.61 -2.55
Allergan s 58.65 -.31
AlliData 71.70 -1.52
AlliBem 79.27 +2.33
Allianz 20.90 +.60
AldIrish 49.79 +.74
Allstate 54.87 +2.19
AlItel 65.50 -.45
AlteraCp If 22.88 -.43
Altria s 66.36 +.38
AIChina s 37.05 -2.06
AmBevC 57.00 -2.78
u,. AmBev 55.57 -4.11
Amazon 72.79 +.41
Amnb cF 58.99' +2.9
Amdocs 34.93 -.77
Ameren" '4920 +.87
AMovilL 54.20 +.59
AMovilA 53.10 -.57
AmCapStr 37.83 +.38
AEP 45.09 +1.12
AmExp 58.17 +1.43
AmlntGp If 63.95 +.73
AREst 104.45 -5.80
AmStand s 33.84 -.28
AmTower 37.20 -.84
Ameriprise 55.44 +.56
AmeriBrg 44.40 -.18
Amgen 49.41 -1.18
Amphenol s 33.30 -.27
Amylin 47.65 -1.61
Anadarko 47.48 +.34
AnalogDev 37.56 +.73
AngloAm 24.58 -1.70
AnglogldA 33.80 -2.06
Anheusr 46.95 -.91
Aon Corp 41.73 +.55
Apache 75.62 -1.00
ApolloGrp 55.39 -.96
Apple Inc 117.05 -2.85
ApplBio 31.65 -.19
ApidMatI 20.33 -.03
ArcelorMit 53.82 -1.52
ArchDan 32.25 -.67
ArchstnSm 56.50 +.93
Assurant 50.44 +1.37
AstraZen 45.56 -.55
Autodesk 42.61
AutoData 46.62 -.58
AutoZone 113.16 -1.01
AvalonBay 112.35 +6.34
Avaya 15.90 -.33
AveryD 56.80 -1.13
Avnet 38.49 +.87
Avon 33.45 -.43
BASF 121.62 -.08
BB&TCp 39.49 +2.13
BCE g 35.33 -.68
BGGrp 71.50 -1.83
BHP BillLt 52.27 -2.05
BHPBil plc 47.83 -1.82
BJ Svcs 24.04 -.57
BMC Sft 28.38 -.06
BP PLC 63.00 -.69
BT Grp 59.93 -1.02
BakrHu 76.60 -.59
BcBilVArg 22.65 +.10
BcBradess 21.52 -1.10
Bncoltau 36.28 -1.63
BcoSnCH 17.80 +.06
BcSanChile 41.76 -1.46
BkofAm 49.85 +1.62
Bklreind 70.50 -2.01
BkMont g 59.50 +2.70
BkNYMel 41.74 +1.95
Bkfova g 44.85 +.77
Barclay 48.91 -.49
Bard 77.99 -1.26
BarrPhm 52.59 -.58
BarrickG 30.10 -1.57
Baxter 50.94 -.71
BayerAG 73.09 +.01
BearSt 116.44 +13.29
BectDck 75.00 +.11
BedBath 34.19 +.62
BerkHaA 113750 +2550
BerkH B 3792 +136
BestBuy 43.05 -.49
Biogenldc 59.10 +.64
Biomet 45.64 +.05
BlackD 87.35 +.36
BlackRock 153.28 +7.98
BIEnhGvln 18.05 -.01
BIkFItRtlnc 15.65 -.30
Blackstn n 23.90 +.21


Name Last Chg
BCE Inc 38.00 -.90
GrandeCacheo .78 -.11
FirstNickelo .72 -.05
YamanaGIdo 9.74 -.57
TeckComBSV 40.35 -.64
lamgoldCorp 7.46 -.74
Agnico EagleM 40.20 -1.36
UTSEngyCorp 4.78 -.28


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


DOW 12885.85 12517.94
DOW Trans. 4693.09 4486.60
DOW Util. 477.51 460.68
NYSE Comp. 9110.58 8811.55
NASDAQ 2460.50 2386.69
S&P 500 1415.97 1370.60
S&P 400 822.32 797.27
Russell 2000 768.91 736.00
Wilshire 5000 14229.15 13769.16


Name Last Chg
BlockHR 18.40 +.12
Boeing 92.74 -2.77
BostProp 96.85 +3.62
BostonSci 12.74 -.17
BrMySq 27.37 -.52
BritATob 63.73 -1.02
BritSky 51.58 -.28
Broadcom 33.39 -.08
BrkfldAs gs 31.74 -.16
BrkfldPr s 22.47 +.26
BungeLt 81.00 -3.80
BurlNSF 77.87 -.83
CA Inc 23.41 -.22
CB REllis 29.10 +2.09
CBS B 29.31 -.35
CDW Corp 83.24 -.47
CGG Verit 45.91 -1.29
CH Robins 47.09 +.44
CIGNA s 46.66 -.58
CIT Gp 33.28 -.52
CME Grp 529.50 -10.40
CNA Fn 41.39 -.74
CNH GbI 46.91 -1.09
CNOOC 97.02 -5.45
CPFL En 45.78 -3.78
CRH 41.11 -.65
CSX 41.58 -.69
CVS Care 36.50 -.20
CablvsnNY 32.92 +.03
CadbyS 42.78 -.95
Cadence 20.32 -.13
Cameco gs 35.24 -2.29
Cameron 70.56 -3.54
CampSp 36.07 +.70
CIBC g 83.64 +2.97
CdnNRy g 48.86 -.40
CdnNRsg 61.88 -1.97
CP Rwy g 65.21 +.88
Canon s 50.58 -.42
CapOne 64.86 +1.83
CardnlHlth 67.67 +.41
Carnival 43.49 +.38
CarnUK 42.15 +.15
CaroliflaGp 71.62 -2.47
Caterpillar 73.00 -1.95
Celgene 58.85 -1.36
Cemex 29.44 -.51
Cemig pf s 16.16 -.26
ChesEng 32.67 -.35
Chevron 81.39 +.63
ChinaLfe s 52.55 -2.78
ChinaMble 51.15 -1.11
ChinaNet 44.51 -1.00
ChinaPet 90.00 -1.03
ChinaTel 46.90 -2.73
ChinaUni 14.35 -.85
Chubb 50.37 +1.62
ChungTel 15.23 -.38
CinnFin 41.28 +1.56
Cintas 35.61 -.49
Cisco 29.30 -.62
Citigrp 47.55 +1.94
CitrixSy If 31.79 -.48
ClearChan 34.52 -.59
ClearCh 23.50 -.33
Clorox 58.85 +1.23
Coach 43.42 +.02
CocaCE 23.33 -.08
CCFemsa 38.65 -.89
CCHellen 44.64 -.10
CocaCI 53.58 -.25
CogTech 74.88 -3.16
ColgPal 65.44 +.53
Comcast s 24.98 -.11
Comc sp s 24.91 -.07
Comerica 55.92 +4.19
CmcBNJ 35.39 +2.10
CVRD 38.21 -1.40
CVRD pf 31.45 -1.65
CompsBc 67.11 +.30
CompSci 53.75 -.23
ConAgra 24.99 -.67
ConocPhil 77.28 -.10
ConsolEngy 36.40 -.87
ConEd 45.62 +.59
ConstellEn 79.25 -1.42
Coopers 47.25 -2.30
Corning .22.46 -.47
Costco 59.23 +.74
CntwdFn 18.95 -2.34
CoventryH 54.40 +.90
Covidien n 37.98 -.03
CredSuiss 65.30 +1.90
CrwnCstle 35.08 -.46
Cummins s 105.25 -2.79
DJIA Diam 129.15 +.30
DTE 46.78 +.23
DadeBeh 74.10 -.61
DaimlrC 79.45 -3.00
Danaher 74.87 +.34
Darden 39.96 +.16
Dassault 56.41 -.59
DaVita 53.78 -.45
Deere 120.53 -.07
Delhaize 86.34 -2.36


12845.78 -15.69 -0.12% T V
4672.35 -19.97 -0.43% V V
474.36 -1.27 -0.27% V V
9087.10 -1.94 -0.02% V V
2451.07 -7.76 -0.32% V v
1411.27 +4.57 +0.32% v V
820.83 +0.86 +0.10% v V
768.83 +17.29 +2.30% V V
14190.36 +43.95 +0.31% V V


WidelyHeldStocks
Name Last Chg
ETrade 13.55 -.36
E.ON AG 53.02 +.67
eBay 33.64 -.89
EMC Cp 18.19 +.05
ENI 63.16 -1.22
EOG Res 69.00 +.32
EKodak 26.04 -.04
Eaton 85.12 -2.63
EchoStar 38.00 -.79
Ecolab 40.35 +.19
EdisonInt 52.19 -.53
Edwards 81.32 +2.71
ElPasoCp 15.70 -.12
Elan 18.23 -.67
ElectArts 50.80 +.76 '
EDS 22.38 -.06
Embarq 59.64 +1.61
EmersnEl s 45.42 -.46
EEIChile 38.25 -1.54
Enbridge 32.38 -.37
EnCana 56.99 -.87
Endesa 52.92 -.18
Enel 48.30 +.21
Energizer 100.21 +.66
EngyTEq 35.85 +1.51
EngyTsfr 48.01 -1.55
Enersis 15.60 -.37
EnhEqYP 16.40 -.45
ENSCO 53.07 -1.08
Entergy 96.51 +.53
EntPrPt 28.85 -.36
EqtRes 47.43 -1.17
EqtyRsd 39.01 +1.99
EricsnTI 34.85 -.56
EsteeLdr 4030 -2.85
EverestRe 96.00 +1.99
Exelon 67.37 -1.75
Expedia h 28.00 -.39
ExpdIntI 44.17 -1.14
ExpScrip s 49.20 +.26
ExxonMbl 80.67 -1.02
FPL Grp 59.29 +.32
FannieM If 65.15 +3.70
Fastenal 44.92 32
FedExCp 104.17 -2.50
Fiat 25.20 -.95
FidNInfo 47.05 +.07
FifthThird 36.39 -.99
FirstData s 31.10 +.03
FstSolar n 81.87 -5.67
FTSpcFn n 13.46 -.79
FirstEngy 60.67 -.09
Fiserv 47.68 +.12
Flextrn 11.07 +.05
Fluor 113.44 -3.63
FEMSA S 32.81 -1.05
FordM 7.70 -.30
ForestLab 37.32 -.28
FortuneBr 82.55 +1.70
FosterWh 89.37 -5.95
FranceTel 28.00 +.39
FrankRes 123.64 +4.69
FredMac 61.34 +1.06
FMCG 73.07 -4.80
FresenM 47.68 +.36
Fujifilm 42.33 -.72
GameStops 38.98 -.56
Gannett 47.36 +.85
Gap 16.27 -20
Garmin 89.74 -1.46
Genentch 73.22 +.26
GenDyinam 75.73 +.45
GenElec 37.20 +.30
GnGrthPrp 49.40 +.79
GenMills 55.53 +.05
GnMotr 30.77 -.77
GenuPrt 48.21 +1.05
Genworth 28.90 +.09
Genzyme 60.14 +.02
Gerdau 19.39 -1.46
GileadSci s 37.60 -.21
GlaxoSKIn 49.80 +.08
GlobalSFe 61.50 -4.53
GoldFLtd 13.67 -.85
Goldcrp g 21.56 -1.91
GoldmanS 169.85 +4.95
Goodrich 57.85 -.86
Google 491.52 -6.03
Graingr 81.77 -.17
GrantPrde 51.35 -.13
GpTelevisa 23.48 -.20
HDFC Bk 77.50 -2.06
HSBC 87.58 +.40
Hallibrtn 31.97 -.56
Hanson 108.75 +.29
HarleyD 54.57 +.85
Harman 111.36 -.99
HarrahE 82.49 -.66
HarrisCorp 56.68 +1.14
HartfdFn 87.51 +1.94
HealthNet 52.75 +.61
Heinz 44.63 +.88
HellnTel 15.55 +.43
Hershey 44.14 -2.53
Hertz n 21.43 -.51


Dell Inc If 25.93 -.37 Hess 55.24 -.95
DeutschBk 126.16 +3.59 HewlettP 46.05 -.10
DeutTel 17.75 +.20 Hilton 43.92 -.35


DevDv 49.85 +2.27
DevonE 72.81 -.94
Diageo 78.99 -2.06
DiaOffs 91.23 -1.67
DirecTV 21.59 +.12
Discover n 22.85 +1.19
DiscHoldA 22.46 -1.28
Disney 32.58 +.87
DomRes 85.59 -.73
DonlleyRR 34.48 -1.01
Dover 48.32 -.58
DowChm 39.85 -.32
DuPont 48.00 +1.08
DukeEgy s 18.23 +.19


Name Last Chg
BreakwaterRes 2.40 -.01
EldoradoGId 4.51 -.43
NorOriono 4.67 -.33
ShoreGldo 2.97 -.33
DenisonMines 8.30 -.60
BkMontreal 64.02 +2.77
ChariotReso .91 -.02
NuvoResearch .12 -.01


Hitachi 66.67 -.83
HomeDp 32.82 -.54
Honda 31.95 -.98
HonwIllntI 54.12 -.35
Hospira 37.61 -.83
HostHotIs 21.26 +.91
HuanPwr 37.98 -1.03
HudsCity 13.46 +.53
Humana 61.94 -.49
HutchTel s 17.78 -.08
IAC Inter 26.81 -.81
ICICI Bk 38.03 -1.41
ING 39.03 +.54
iShEMU nya 106.15 -1.46


Name Last Chg
iShJapan 13.70 +.03
iShMalasia 10.22 -.13
iShDJDv 67.66 +1.57
iShSP500 142.55 +1.30
iShEmMkt 118.50 -2.05
iSh EAFE 73.94 -32
iSRIKV nya 81.11 +1.25
iSRlKG nya 56.24 -.22
iShR2K nya 76.75 +1.55
iShMSCIV 71.09 -.37
ITT Corp 59.80 -1.57
ITW 52.60 +.71
ImpOil gs 39.31 -.77
ImpTob 82.35 -1.00
IndoTel 40.00 -2.10
Infineon 14.36 -.18
InfosysT 45.80 -.88
IngerRd 47.21 -.90
Intel 23.10 -.12
IntcntlEx 129.50 -4.50
IntCtlHtl 20.07 -.57
IBM 109.69 -1.54
IntlGame 34.41 -.04
IntPap 32.32 +.44
Intuit 29.05 +.84
IntSurg 189.63 -4.98
Invesco 22.67 -.12
JPMorgCh 45.47 +2.47
JacobsE s 6026 -1.71
JohnJn 61.63 +.33
JohnsnCtl 104.48 -4.24


JnprNtwk
KLA Tnc
KPN
KT Corp
Kellogg
Keycorp
KeySpan
KimbClk
Kimco
KindME
Kinross 9
Kohls
Kookmin
KoreaElc
Kraft
Kroger
Kubota
Kyocera
L-3 Comn
LG Philips
LabCp


30.15 +.22
57.75 +.88
15.07 -.18
21.51 -29
53.91 +.61
33.88 +2.18
41.55 +.02
67.92 -.73
39.87 +1.95
48.80 -.83
10.91- :05
58.25 +2.31
* 75.7 "- *- .96'
20.75 -.78
31.15 -.60
24.80 -.04
4029 +.33
90.61 -.78
92.11 -.41
21.49 -2.07
73.84 -1.27


LafargeSA 36.87 -.99
LamRsch 52.33 +.83
LVSands 92.32 -.36
LeggMason 86.32 +.74
LehmanBr 54.75 +3.18
LeucNatl 41.00 -.55
Level3 4.75 -.24
LibGlobA 38.97 -2.51
LibGlobB 39.15 -1.45
LibGlobC 37.01 -2.41
LibtyMintA 18.28 -.05
LibtMCapA 109.66 '-1.99
LillyEli 54.83 -.35
Limited 21.50 -.18
LincNat 56.57 -.45
LinearTch 34.54 +.14
LloydTSB 42.42 +.30
LockhdM 95.50 +.67
Loews 44.59 -.23
Lowes 26.81 +.48
Luxottica 33.22 -1.07
Lyondell 43.00 -1.11
M&T Bk 108.43 +7.88
MBIA 56.86 +4.23
MEMC 53.69 -.21
MGMMir 68.61 -2.56
Macerich 81.07 +3.87
Macys 30.33 -.77
Magnal g 81.02 -1.41
Manpwl 71.75 -1.58
Manulif gs 35.16 -.60
Marathons 50.25 +.25
MarIntA 41.31 +.04
MarshM 26.24 +.39
Marshals 43.35 +1.64
MarvellT 16.44 -.50
Masco 25.63 +.86
MasterCrd 130.00 +.96
Matsush 17.54 +.48
Mattel 22.07 -.48
Maxim hlf 30.14 +.45
McDermlnt 73.00 -3.39
McDnlds 48.07 +.51
McGrwH 48.85 -1.89
McKesson 56.92 +.37
MedcoHIlth 80.50 +.53
Medtrnic 52.41 -.24
Merck 49.46 -.32
MerrillLyn 71.13 +2.19
MetLife 61.02 +1.36
MetroPCS n 24.15 -1.64
Metso 55.75 -1.98
Microchp 36.94 -.31
MicronT 10.60 -.46
Microsoft 27.81 -.29
MillicomInt 69.84 -4.49
Mirant 36.55 -1.47
MitsuUFJ 9.70 +.58
Mitsui 379.13 -4.30
MizuhoF n 11.71 +.25
MobileTel 56.04 -2.66
Mohawk 87.52 +3.40
MolsCoorsB 84.18 +.12
Monsanto 62.72 -.75
Moodys 49.20 +.10
MorgStan 58.97 +2.34
Mosaic If 35.22 -2.92
Motorola 16.06 -.15
MurphO 59.33 +.50
NCR Cp 47.62 +.20


TorontoStockExchange
Name Last Chg Name Last Chg
HudBayMnrls 21.35 -1.55 Connacher 3.45 -.33
ManulifeFin 37.94 -.86 BombdrBSV 5.29 +.01
Crystallexo 2.83 -.09 PaladinOrdo 4.97 -.07
ThompsonCreek15.96 -.60 EnCanaCorp 61.40 -.85
Royal Bnk 53.00 +1.11 AurResources 39.20 -.34
Goldcorpinc 23.17 -2.16 BkNS 48.31 +.86
RedcorpVeno .28 -.09 PinetreeCapo 3.95 -.40
ISharesCDN60 75.01 -.74 CnstltnCpro 1.03 -.07


A +3.07%
V +2.45%
V +3.85%
V -0.57%
V +1.48%
V -0.50%
V +2.05%
V -2.39%
V -0.47%


Name Last Chg
NEC 4.58 -.02
Nil HIldg 68.09 -3.02
NRG Egy s 36.70 -1.89
NTTDoCo 14.17 +.14
NYMEX 113.32 -10.34
NYSE Eur 69.61 -.74
Nabors 27.81 -.34
NBkGreece 10.66 -.08
NatlCity 28.39 +1.88
NatGrid 69.85 -1.08
NOilVarco 103.12 -6.71
NatSemi 24.96 +.45
NetwkAp 25.27 +1.11
NewellRub 24.50 -.43
NewfldExp 45.77 +.55
NewmtM 39.44 -.67
NewsCpA 19.78 -.11
NewsCpB 21.09 -.13
Nexen gs 26.19 -1.29
Nidec 16.14 +.25
NikeB wi 53.19 -.38
NippnTT 21.36 +.16
Nissan 19.14 -.17
NobleCorp 91.09 -2.85
NobleCp wi 49.10
NobleEn 59.16 -.47
NokiaCp 28.40 -.45
Nomura 17.15 +.65
Nordstrm 46.15
NorflkSo 50.14 +.77
Norsk 33.20 -.95
Nortel Ifrs 18.09 -.27
NorTrst 63.39 +2.88
NorthropG 75.53 -.07
Novartis 51.85 -.32
NovoNdk 102.91 -2.91
Nucor 45.86 -.65
Nvidia 42.57 -.72
OcciPet 53.10 -1.08
-OffcDpt 22.18 +.49
Omnicm s 49.29 -1.21
Oracle 19.14 -.04
Orix 101.50 +2.60
"PG&E Cp 44*4 +.42
PNC 71.66 +3.76
POSCO 124.50 -2.56
PPG 71.35 +.78
PPL Corp 47.25 -.77
Paccar 74.58 -4.06
ParkHan 90.48 -.92
Paychex 44.37 +.37
PeabdyE 41.27 -.58
Pearson 14.76 -.11
PennWst g 27.67 -.33
Penney 64.14 +1.57
PepsiBott 33.60 -.01
PepsiCo 68.37 +1.03
PetroC g 47.51 -1.27
PetChina 125.92 -4.13
PetrbrsA s 45.42 -1.74
Petrobrs s 53.56 -1.85
Pfizer 23.39 -.14
PhilLD 49.23 -4.47
PhilipsEl 36.78 +.09
PitnyBw 44.11 +.36
PlainsAA 55.00 -.30
PlumCrk 39.93 +1.49
Polo RL 75.92 -1.00
PortglTel 12.98 +.07
Potash s 75.32 -4.64
PwSMidG 21.34 -.23
PwShsQQQO 45.45 -.45
Praxair 69.60 -1.90
PrecCastpt 119.10 -5.30
PriceTR 49.75 +1.40
PrinFncl 54.35 +1.29
ProctGam 64.03 +.55
ProgrssEn 45.56 +.57
ProgsvCp 22.35 +.32
ProLogis 55.55 +2.36
Prudentl 84.60 +.32
Prud UK 25.18 -.56
PSEG 80.50 -.57
PubStrg 72.81 +3.57
Publicis 41.41
Qualcom 36.93 +.84
QstDiag 53.44 -.23
Questar s 46.00 -1.29
QwestCm 8.72 +.17
Raytheon 55.20 +.31
ReedElsNV 33.85 -.43
ReedEls plc 45.71 -1.24
RegionsFn 30.53 +1.45
ReliantEn 24.10 -.56
Repsol 35.71 -.25
RschMotn 198.02 +.27
ReutrGrp 73.49 -.35
ReynidAm 62.71 +.81
RioTinto 234.65 -8.35
RockwlAut 66.44 -.33
RockColl 62.90 -1.36
RogCm gs 41.69 +.45
RoHaas 53.52 -.57
Rostele If 59.34 +2.34
RoyalBk g 49.27 +1.09
RylCarb 36.17 -.18
RoyDShllB 71.29 -1.03
RoyDShllA 71.30 -1.10
Ryanair s 36.94 -2.06
SAP AG 51.60 -.39
SK Tlcm 26.15 -.75
SLGreen 104.00 +.16
SLM Cp 46.48 -.27
STMicro 16.24 +.04
Safeco 57.87 +1.23
Safeway 31.79 +.91
SUtJude 43.01 -.33
SanDisk 51.62 -1.02
Sanofi 38.60 -.22
SaraLee 15.90 -.03
Sasol 35.66 -.56
Satyam s 23.99 -1.04


Name Last Chg
EasternPlat 1.99 -.19
CamecoCorp 38.00 -2.32
RogersCommB 45.00 +.65,
BarrickGold 32.39 -1.86
LundinMng 10.58 -.77
IvanhoeMines 10.17 -1.45
SilverWheaton 11.50 -1.15
TVIPacifico .10 -.01


1,600
1,500


Name Last Chg
Alcan Inc 99.03 -3.20
UraniumOneo 10.20 -.49
StarfldReso 1.13 -.01
MegaUranmo 2.68 -.65
HznBetaProBr 23.75 +.46
PetroCanada 50.97 -1.59
EqnoxMnrlso 2.94 -.11
Nexen Inc 28.36 -1.20


Interestrates


PRIME FED
RATE FUNDS
YEST 8.25 5.00
PREV 8.25 5.00
WVifl Q)tn a 1R ;


NET IYR
TREASURIES YEST PVS CHG WK MOQTR AGO
3-monthT-bill 3.87 4.24 -037 V V ,V 5.06
6-month T-bill 4.21 4.50 -0.29 V V V 5.15
1-year T-note 4.20 4.49 -0.29 V V V 5.03
2-year T-note 4.21 4.28 -0.07 V V V 4.88
5-year T-note 4.34 4.42 -0.08 V V V 4.80
10-year T-note 4.66 4.70 -0.04 T V V 4.86
30-year T-bond 4.96 5.01 -0.05 V V A 4.99

NET 1YR
BONDS YEST P/S CHO WK MO TR AGO
Lehman Long T-Bd dx 4.90 4.98 -0.08 V V A 5.02
Bond Buyer Muni Idx 5.00 4.92 +0.08 A A A 4.77
Lehman US Aggregate 5.54 5.54 ... V A 550
Lehman US High Yield 9.06 8.94 +0.12 A A A 8.41
Moodys Bond Index 5.89 5.80 +0.09 A A A 5.72
Bank Index 106.41 101.60 +4.81 A V V 111.68
DJ Corn Bond 199.09 198.49 +0.60 A A A 188.68


1,550


1,500


1,450


1,400


1,350


Name Last Chg
SchergPI 29.28 +.12
Schlmbrg 85.84 -1.40
Schwab 18.95 +.91
SeagateT 22.67 -.69
SearsHIdgs 133.77 -.45
SempraEn 52.63 +.42
ShawC gs 21.17 -.08
Sherwin 64.27 -1.01
Shinhan 113.10 -1.61
Shire 71.01 -1.53
SiderNac 43.37 -4.13
Siemens 116.75 -1.81
SigmAl s 46.01 +.99
SimonProp 87.87 +2.18
Smith&N 55.37 -2.94
SmithInti 58.06 -.12 -
SonyCp 46.74 +.28
SouthnCo 35.44 +.43
SthnCopp s 84.54 -4.14
SwstAirl 15.17 -.02
SwstnEngy 37.93 -.31
SovrgnBcp 17.44 +.86
SpectraE n 22.12 -.58
SprintNex 18.20 -.43
SPDR 142.10 +1.06
SP Mid 149.65 -.26
Staples 23.27 +.66
Starbucks 26.61 +.04
StarwdHtl 54.15 +.07
StateStr 62.07 -.45
Statoil 26.01 -.27
Sterlite n 13.35 -.98
StoraEnso 15.49 -.33
sT Gold 64.68 -1.45
Stryker 64.91 +.50
Suez 49.04 -.06
SunLfFn g 45.19 -.65
SunMicro 4.72 +.07
Suncor g 84.40 -1.82
Sunoco 64.21 -.94
SunTrst 81.00 +3.39
Supvalu 38.55 -1.92
Swisscom 34.20 +.23
Symantec 17.87
Syngenta 35.13 -.58
Synovus 27.92 +1.50
Sysco 32.07 +.07
TD Ameritr 15.74 +.21
TDK 80.46 -1.55
TJX 29.29 +.81
TXU Corp 62.26 -1.14
TaiwSemi 9.11 -.08
TalismE gs 16.37 -.15
Target 59.75 +1.78
TataMotors 16.18 -.33
Technip 70.66
TeckCm gs 37.56 -.52
TelcNZ 22.76 -1.19
Telltalia 25.44 +.01
TelltaliaA 20.27 +.51
TeiSPaulo 26.71 -.27
TelefEsp 69.74 -.92
TelMexL 30.90 -.93
TelData 59.99 +2.29
Telkom 83.35 -2.80
Telus g 48.23 -.54
Templeln 53.24 -.43
Tenaris 42.56 -3.24
Terex 69.00 -3.19
Tesoro s 45.00 +.28
TevaPhrm 40.84 -1.65
Texinst 32.53 +.21
Textron 106.01 -3.10
ThermoFis 49.86 -.79
Thomson 40.11 +.56
3M Co 85.40 +.34
.-Tiffany 41.59, '.--43
THorton g 32.16 -.26
TW Cable n 34.03 -.39
TimeWarn 18.21 -.11
TorDBk g 62.38 +1.88
Total SA 70.01 -.86
Toyota 113.91 -1.35
TrCda g 33.70 -.15
Transocn 95.75 -2.40
Travelers 52.70 +2.57
Turkcell 15.40 -.65
TycoElec n 33.04 +.08
Tycolntl n 40.59 -1.33
Tyson 19.35 -.19
UBS AG 52.13 +1.15
UPM Ky 20.64 -.28
USTInc 51.36 +.83
UltraPt g 54.95 +.65
UUniao 97.67 -5.33
UnilevNV 28.73 -.02
Unilever 29.57 -.15
UnionPac 105.00 -2.65
UnBnCal 58.85 +3.05
UtdMicro 2.93 -.09
UPS B 74.82 +.59
US Bancrp 31.43 +1.75
US Cellular 86.56 +1.86
USSteel 80.42 -.53
UtdTech 71.08 -.55
UtdhlthGp 48.86 -.26
.UnumGrp 23.94 +.11
VF Cp 80.62 -.91
ValeroE 62.41 -.98
VeoliaEnv 69.60 -1.40
Verisign 29.21 -.30
VerizonCm 40.23 -.27
ViacomB 38.15 +.56
VimpelCm 95.25 -4.14
VirgnMda h 21.94 -.84
VMware n 56.99 -.72
Vodafone 30.30 -.82
Volvo s 15.94 -.18
Vornado 99.45 +1.72
VulcanM 86.91 -1.61
WPP Gp 68.46 -.31
Wachovia 47.77 +2.21
WalMart 43.50 +.22
Walgrn 45.12 +.61
WA Mutl 35.58 +3.01
WshPst 793.00 +3.00
WsteMInc 35.38 +.09
Waters 59.13 -3.13
Weathfdint 51.00 +.02
WellPoint 78.04 -.35
WellsFargo 35.40 +1.83
WstnUnn 18.36 -.56
Westpac 97.83 -4.33
Weyerh 62.97 -.31
Whrlpl 92.80 +3.55
WhtMtlns 536.00
WholeFd 41.17 -.33
WmsCos 30.95 +.06
Windstrm 12.84 -23
Wipro 13.14 -.39
Wolseley 19.83 -.29
WooriFn 67.42 -.85
Wrigley 59.30 +.04
Wyeth 45.78 +.24
Wynn 110.98 -3.49
XL Cap 73.57 +.80
XTO Engy 52.67 -1.38
XcelEngy 20.34 +.16
Xerox 15.79 -.19
Xilinx 24.35 +.01
YPF Soc 35.06 -2.24
Yahoo 22.76 -.56
YumBrds s 30.25 +.63
Zimmer 76.58 -.41
ZionBcp 72.84 +3.51


12-MO
NAME NAV CHS %41N
AIM
ConstellA m 26.63 -.13 +9.5
American Cent
Ultralnv 27.75 -.15 +9.0
American Rminds
AmcapA m 20.69 .- +12.8
BalA m 19.27 +.02 +103
BondA m 13.09 .. +4.6
CaplncBuA m 6130 -.35 +12.9
CpWIdGrIA m 42.60 -.70+13.7
EurPacGrA m 47.69 -1.02 +113
FundmlnvA m41.15 -.26+11.8
GrowAmerA m33.98 -.18 +11.4
GrowAmerB m32.76 -.18 +10.6
HilncA m 11.96 -.12 +5.4
IncAmerA m 20.01 -.02 +9.8
InvCoAmA m 34.22 +.03 +10.8
MutualA m 29.72 +.12 +12.7
NewEconA m 2731 -31 +15.4
NewPerspA m32.40 -.52 +11.6
NwWrldA m 50.61 -1.74 +21.0
SmCpWIdA m41.64 -1.05 +21.2
WAMutlnvA m35.43 +.22 +12.6
Artisan
Intl 28.89 -.57 +9.2
Baron
Growth b 50.73 +.24+15.3
Bernstein
TxMIntI 26.17 -.29 +9.0
Calamos
GrowA m 55.91 -.76 +103
Columbia
AcornZ 30.23 +.07+14.0
DFA
EmgMktVal 36.54 -1.56+39.0
IntlSmCap 21.37 -.40+18.3
IntlValu 2327 -.27+16.6
USLgVal 24.32 +.08 +8.3
USSmVal 28.07 +.61 +7.8
DWS-Scudder
DremHRtEA m49.97 +.54 +7.5
Davis
NYVentA m 38.44 +.15 +9.9
NYVentC m 36.91 +.15 +9.1
NYVentY 38.93 +.15+10.2
Dodge & Cox
Bal 85.24 -.01 +7.5
Income 12.47 +.01 +5.1
IntlStk 44.61 -.34+13.7
Stock 149.11 -.07 +8.7
Excelsior
ValRestrA 52.87 -.29+11.7
Fidelity
AstMgr50 16.16 -.01 +7.9
Bal 19.87 ...+10.5
BIChGrow 45.17 -.16 +9.6
CapApr 27.16 -.06+102
Caplnc 8.60 -.07 +7.7
Contra 67.01 -.38+11.5
DiscEq 29.05 +.04 +8.9
DivGrow 32.00 +.10 +11.7
Divrlntl 37.54 -.60 +11.7
Eqlnc 57.68 +27 +12.1
Eqlnc II 23.42 +.10 +11.5
FF2015 12.13 -.03 +8.7
FF2040 9.33 -.04+10.9
Fidelity 36.06 -.20 +9.8
Free2010 14.48 -.04 +7.9
Free2020 15.31 -.05 +9.6
Free2030 15.79 -.06+10.7
Govtinc 10.06 +.04 +5.3
GrowCo 73.20 -.63+17.1
GrowInc 30.52 +.02 +7.7
IntBond 10.12 +.02 +4.0
IntlDisc 38.54 -.74+13.1
InvGrdBd 7.17 +.01 +3.2
LevCoSt 30.96 -.39 +15.1
LowPriStk 42.94 -.13+11.2
Magellan 87.52 -.73 +9.9
MldCap 29.08 -25 +12.1
OTC 44.73 -.41+23.4
Overseas 46.12 -.86+13.0
Puritan 19.88 +.03 +9.5
Reallnv 30.58 +.95 -2.6
ShTmBond 8.69 ... +3.0
TotalBd 10.24 +.02 +4.1
USBdIndx 10.72 +.02 +4.5
Value 81.86 +.09+12.4


NAME NAV CHG %MTN
500SndxAd 98.09 +33 +11.0
SOOIndxln 98.08 +33+10.9
USEqlndxA 50.07 +.17+11.0
USEqlndxl 50.06 +.16+10.9
First gle
GIbA m 46.79 -.40+11.2
OverseasA m 25.74 -.45+10.7

CATFA m 7.12 -.03 +2.2
FedTFA m 11.78 -.04 +2.2
Income A m 2.61 -.02+10.0
Income C m 2.63 -.01 +9.4
IncomeAdv 2.60 -.01+102
IRankTemp-Mlti l
DiscovA m 3132 -39+15.0
Shares A m 25.76 -.06 +9.7
Shares Z 25.99 -.06+10.0

FgnA m 13.55 -31 +9.9
ForEqis 27.43 -.42+193
Growth A m 24.92 -.23 +8.5
Growth Ad 24.98 -.23 +8.8
World A m 19.08 -32 +9.5
Rtankn T -pletoo
FndAIIA m 13.65 -.07 +9.1
GMO
GMOErgMktsVI d21.24-.88
+27.2
Harbor
CapAplnst 3328 -13 +8.1
Intlnstl 6331 -.94+15.9
Hartford
AdvHLSIA 22.81 -.01+11.4
CapAprA m 38.40 -.58 +11.3
WO HS U -. +11 w
DvGrHLSIA 23.20 +.01 +14.6
Janus
Contrarian 18.09 -.11+24.9
Growinc 38.59 -.38 +7.8
Janus 29.25 -.09+12.2
7wmy *.131- +3
jon Hancock
CIsscValA m 26.60 +34 +7.4
LifBalb 1414 -.04 +8.4
LifGrl b 14.72 -.06 +9.0
JiUM Baer
IntlEqA b 43.58 -1.19 +16.7
IntlEqi '4456 -111 +17.0
IntlEqlll 15.28 -.40+132
Legg Masn
Valuelnst 76.15 -.13 +9.7
ValuePr b 6734 -.12 +8,6
Longkf Pwtrs
LongPart 35.14 -.29+14.8
Loomwsayies
Bondl 14.15 -.01 +7.1
Lord Abbett
AffiliatA m 15.00 +6.1
MidCpValA m 22.02 -.04 +12.7
MFS
TotRetA m 16.18 +.09 +9.5
ValueA m 27.10 +.21+12.9
Masters' Select
SmallerCos 1538 +.12 +12.7
Oakwrk
EqlncI 26.95 -.05 +9.2
Intll 25.20 -.19 +10.6

DevMktA m 439 -1.44 +24.7
GlobA m 730 -.46 +123
MainStrA m 4125 +.17 +10.8
k MiAn .1 -6 +1
RochNtlMu m 11.60 -.13 -2.5
StrlncA m 4.28 -.01 +8.0
PIMCO
AIIAssetl 12.47 -.06 +3.4
ComRIRStI 13.63 -.41 -4.5
LowDrls 9.93 +.02 +5.2
boM*nb 19 +M +.S
TotRetls 10.29 +.04 +4.8

GlobHiYA m 12.03 -.07 +7.4
PIoneerA m 4823 -.. +85

GrowlncA m 1922 +.20 +7.7


12-MO
NAME NAV CH%TN
DivrEqlnA m 13.17 +.01 +13.0

MulStrBdS 10.22 +.01 +4.6
Schwab
YIdPIsSel 9.49 -.03 +3.6
Selected
AmerShS b 45.80 +.18 +9.4
T we Pdrice
BIChpGr 36.84 +.04+13.1
CapApprec 20 +.03 +10.6
Eqlndex 37.92 +.12+10.6
Eqtyinc 29.06 +.10+11.4
GrowStk 32.09 -.10+12.8
IntiStk 16.66 -.25 +9.9
m" mi +2 +Wu
WI~pir N A-. +16
NewEra 51.36 -.89+16.9
Wil 131+4+121
Nktvm M +J l +49
SmCpStk 34.22 +.48 +8.8
Value 27.06 +.04 +113
ThIndAveme
Value 5932 +.13 +7.0

IntlValA m 3125 -.82 +21.4

GlobVal 32.13 -.73+153
Van Kampen
ComstockA m 1&90 +.14 +9.9
EqincomeA m 9.05 +.01 +.6
GrowlncA m 21.83 +.05 +9.9
Vagard
500 13030 +.43+10.9
500Adml 13031 +.42 +10.9
AsW 2m9 +4J7 +11
EWIttdm M -32 +247
BB- au *U1 lL
Europeldx 36.71 -.45 +14.6
Explr 75.65 +.13 +11.0
GNMA 10.10 +.03 +5.0
mtl A 11 +11 +1J3

Groath 3mS .15S +3
ANrMi 61 -94 +45
HlthCare 145.64 -21 +4.4
Instldx 129.32 +.42 +11.0

InstTBdId 49.96 +.18 +53
InstTStPI 30.71 +.11 +113
IntlGr 24.13 -.42+11.0
IntlVal 40.91 -53+11.7
LifeCon 16.70 +.04 +8.7
LifeGro 23.98 +.01 +11.1
LIfeMod 20.46 +.03 +9.9
MidCp 19.92 -.07+10.7
Morg 19.32 -.13 +12.1
IumkM 12 -x5 +2N
a 12 -.1Jl +43
Prmcp 70.74 -34 +10.6
ftqid 147 s +IU
STCor 10.58 +.02 +5.7
STGradeAd 10.58 +.02 +5.8
s 32.49 +. +1U
Star 21.01 -.01 +9.1
StratgcEq 23.07 +.10 +6.9
1TWiS 11 +.02 +
WIt 112 +i 1 +115
TotBdAdml 9.91 +.04 +5.5
TotBdid 9.91 +.04 +5.4
TotBdlnst 9.91 +.04 +5.6
TWW0 102 -21 +11
lmSIhJ 105 +1 +11 l
SIm R +12 +111
TotStldx 34.05 +.12 +11.1
Wellsl 21.80 +.13 +7.9
Welltn 32.78 +.04 +10.8
MIhi+n 51 +11 +117

Wndsr 18.09 +.01+12.3
WndsrAdml 61.05 +.04+12.5
Wim M +15 +11.7


Commodities COMMODITY OCOSe PVS. %C. %YTD

Crude Oil (bbl) 71.00 73.33 -3.18 +16.3
Gold (oz) 648.30 668.90 -3.08 +2.1
Platinum (oz) 1230.00 1271.50 -3.26 +8.0
Silver (oz) 11.47 12.52 -8.39 -10.4
Coffee (Ib) 1.11 1.19 -6.72 -12.0
Orange Juice (Ib) 1.21 1.22 -0.82 -39.9
Sugar (Ib) 0.09 0.09 ... -23.4




Foreign 61. 1Y.
Exchange coUNTRY CISE CHU. %CH. AGO AGO
f~ 4 Argent(Peso) 3166 -.0013 -.41 3219 -.0085
Brazil (Real) .4775 -.0188 -3.94 .4779 +.0089
Britain (Pound) 1.9792 -.0143 -.72 1.9504 +.0844
Canada (Dollar) .9282 +.0003 +.03 .8595 +.0332
[LI1 i Chile (Peso) .001894 -.000019 -1.00 .001850 +.000033
Colombia (Peso) .000466 -.000028 -6.01 .000450 +.000043
Dominican Rep (Peso) .0303 -.0000 -.00 .0300 -.0002
Euro (Euro) 1.3405 -.0055 -.41 13138 +.0569
Japan (Yen) .008841 +.000288 +3.26 .008385+.000211
Mexico (Peso) .088930 -.000739 -.83 .090931 -.004024
Uruguay (New Peso) .0423 -.0002 -A7 .0412 +.0004



GlobalMarkets

INDEX YEST CHG %CHG WK MO QTR YTD
S&P 500 1411.27 +4.57 +032% V V V -0.50%
Frankfurt DAX 7270.07 -175.83 -2.36% V V A +10.20%
London FTSE 100 5858.90 -250.40 -4.10% V V V -5.82%
Hong Kong Hang Seng 2067239 -703.33 -3.29% T V A +3.54%
Paris CAC-40 5265.47 -177.25 -3.26% V V V -4.99%
Tokyo Nikkei 225 16148.49 -327.12 -1.99% V V V -6.25%

SOUTH AMERICA / CANADA
Buenos Aires Merval 1833.71 -91.02 -4.73% V V V -12.28%
Mexico City Bolsa 27793.16 -347.57 -1.24% V V V +5.08%
Sao Paolo Bovespa 48015.15 -1270.15 -2.58% V V A +7.96%
Toronto S&P/TSX 12848.70 -200.06 -1.53% V V V -0.46%
ASIA
Seoul Composite 1691.98 -125.91 -6.93% V V A +17.95%
Singapore Straits Times 3152.16 -121.09 -3.70% V V V +5.57%
Sydney All Ordinaries- 5712.20 -8930 -1.54% V V -- +1.20%
Taipei Talex 8201.37 -391.67 -4.56% V V A +4.83%
Shanghai Shanghai B 313.98 -6.70 -2.09% V A A +141.32%


Largest Mutual Funds


---








THE TRIBUNE FRIDAY, AUGUST 17, 2007, PAGE 5B


US economy shows growth


and


in Fed's eyes inflation is too high


THE increase in consumer
prices eased slightly last month,
continuing a trend of gradual
moderation, the government
said Wednesday. But long-term
readings on inflation suggested
that the Federal Reserve is
unlikely to lower its guard,
according to Associated Press.
For the third consecutive
month, the rate of core infla-
tion measured over the last year
- a gauge of prices that the
Fed favors because it excludes
volatility-prone food and ener-
gy prices showed no
improvement. It remained
stalled at 2.2 percent, which sup-
ports the Fed's assertion last
week that "a sustained moder-
ation in inflation pressures has
yet to be convincingly demon-
strated."
A separate economic report
showing healthy production in
American factories last month
supported the notion that the
economy is not in need of the
stimulus that a Fed rate cut
would provide. The message
from the latest numbers that
economic growth is stronger
than first thought and inflation
is still too high seemed to
underscore the growing discon-
nect between what economic
indicators are saying about
growth and the disarray play-
ing out on Wall Street.
"The economic data we've
received by itself suggests no
need for the Fed to consider
cutting rates," said Dean Maki,
chief U.S. economist for Bar-
clays Capital. "There's ample
reason for the Fed to be con-
cerned about inflation risks."
As lenders have made bor-
rowing money more difficult
and more expensive lately, Wall
Street has gone into retreat.
Stock prices have fluctuated
wildly and have lost about 9
percent of their value since hit-
ting record highs on July 19. A
number of large hedge funds
have suffered drastic losses.
This turbulence has led some
on Wall Street to call for the
Fed to lower rates to stave off a
crisis."


If'.
Sr




* A VIEW of the
Reserve Building i
Washington DC

But the Fed's po
the problems in fi
credit markets are
spill over into the
economy. And the
remains fixed on bi
tion down further -
it fears it cannot acc
lowers rates now.
"If you say we j
interest rates becau
cial markets are u
are going to say
Bernanke bailin
Street," said Jan H
U.S. economist f(
Sachs. "And clear
the perception the:
The Labor Depa
Wednesday in its n
vey of prices at thi
that the Consumer
rose 0.1 percent in
increase of 0.2 per
From July 2006 ti
prices climbed 2.4 p
pared with a 2.7 pe
increase in June.
While inflation h
overall, core cons
have not. For the
rose 0.2 percent, th
June. On a year-ove
they rose 2.2 perce
as in June and May
"This is a sign th
improving; howevi
still risks," said Jos
las. chief U.S. eco
IdeaGlobal. "Inflat


Falling energy costs helped
keep inflation from climbing too
rapidly. After rising consider-
ably in the spring, energy costs
fell 1 percent in July, with a 1.7
percent drop in the cost of gaso-
- ".. line, the government said.
a a Price increases elsewhere,
however, remained elevated.
Health care costs continued to
rise, increasing 0.6 percent,
compared with a rise of 0.4 per-
cent in June. They were up 4.3
percent in the last year.
Hotel prices are climbing at
as well, a jump that some econ-
Federal omists said could be attributed
n to increased demand from for-
eign tourists attracted to the
(AP Photo) United States by a weaker dol-
lar. The government's calcula-
)sition is that tion of lodging away from home
financial and rose 7.2 percent from July last
not likely to year. During the first half of the
rest of the year, according to PKF Hospi-
central bank tality Research, occupancy rates
ringing infla- rose in several large cities
- something including in New York, Chicago
complish if it and Seattle.
Food prices increased over-
just lowered all, but at a slower rate than in
ase the finan- June. For the year, however,
pset, people food prices were up 4.2 percent,
that's Ben almost double the 2.2 percent
g out Wall yearly increase last July.
latzius, chief One area of improvement
or Goldman that has helped with the gradual
ly that's not moderation of core inflation has
y want." been housing costs. As of July,
artment said the seasonally adjusted six-
monthly sur- month increase for a measure-
e retail level ment of housing costs known as
Price Index owners' equivalent rent was 2.4
July after an percent less than half what it
cent in June. was a year earlier.
o July 2007, As inventories of unsold
percent com- homes grow, rent is becoming
recent annual less expensive in many parts of
the country. That has depressed
as improved the cost of housing, economists
umer prices said.
month, they Gains in exports could help
ie same as in ease the housing industry's drag
er-year basis, on growth. The manufacturing
nt, the same numbers, released Wednesday
y. by the Fed, showed that indus-
at things are trial production continued to
er, there are expand in July, aided by over-
eph Brusue- seas demand. It rose 0.3 per-
nomist with cent after increasing 0.6 percent
ion's sticky." in June.


*. solhli designer
piroiolent in lustralor and Pholosh.op
with strong, efficient, accurate deIign skills

purFhaslng assorale
sourcng. purchasing, raising witn supplier
And importing materials m 1a e1iiI lashion


.HM R1yeui m working In a dynamic
W
, .. appHcant must hWave prst-scondary ed
'e.iv- xcllent.commnunlcation skills, good p
W, t,,O'.' ability to multH-task andt manage severa
,, tron otice computer skills and will he
; ." tOpas basic math skills test
ldi aidmal Mresumesto signman@c(

i.%. w *


ith confidence an
ucation.
Beronal organization,
l projecIs,
ave
iralwave.com


I"


s^/6


]/w^isiJ


(~-{~ uu

K~-'~ K.-~


The Authentically Bahamian Department


The Ministry of Tourism
invites
Artisans and Craftsmen to attend a Craft & Souvenir
Packaging Workshop


August 20 & 21, 2007
Governor's Ballroom, British Colonial
8:00 am to 4:00 pm


Hilton Hotel


Presenter:
US artist and columnist, Bruce Baker

Fee : $50.00 per person


FOR FURTHER INFORMATION
PLEASE CALL
ROWENA ROLLE OR PEGGY KELLY
356-6967, 356-6964 OR 356-6741 '


SALES CAREER

A multi facetted communications/consulting company that is
currently undergoing market expansion wishes to employ
experienced commission sales executive. The ideal person
would have a minimum of three years in commission sales;
have their own private vehicle. We are looking for excellent
communicators that are driven. Candidates must have computer
skills and be able prepare public presentations on behalf of
companies clients.

A degree in marketing or business is preferred but not a must.

Persons interested should submit CV's and reference letters to:

DA#6282
P.O. Box N-3207
Nassau, Bahamas
by August 30, 2007.
y gU^^^^^^^^^^^^^^^^^^^^^^^


-- Scotiatrust


DEPUTY MANAGING

DIRECTOR

Scotiatrust, is seeking applications for a Deputy Managing Director.

PRINCIPAL DUTIES & RESPONSIBILITIES:
The Candidate will have responsibility for the overall business development and
promotion of the International Offshore Trust Business Line. The position will
provide technical support in the areas of Trust Administration, development and
monitoring of standards of fiduciary competence to minimize risk in Trust Services,
Fiduciary Risk Management and Discretionary Powers. The position will provide
advice and direction to Senior Managers Investment and Trust Services and Senior
Trust Managers of the Company.

REQUIREMENTS & PERSONAL ATTRIBUTES:
Candidates must meet the following criteria:
* Bachelor's Degree in Business or Law &/or in a related discipline from an
accredited University.
* ACIB; ICB Trustee Dip. &/or STEP Qualifications preferred.
* Minimum of fifteen years experience in a bank and trust environment at a
management level with significant exposure in developing operational strategies
and must be able to demonstrate the ability and experience for effective diverse
risk management capabilities.
* Experience in managing complex trusts and developing fiduciary standards for
high net worth clients.
* Strong technical and managerial skills required for activities such as business
model development; creation of profit plan objectives and delivering results in
a large multi-leveled organization.
* Oversee Business Development of the offshore trust businesses in Cayman and
Hong Kong; development of new products/services within the Int'l offshore trust
business line.
* Expertise in current banking & trust legislation and regulations, able to ensure
compliance with certain areas including Qualified Intermediary; Sarbanes Oxley
Act; AML and KYC Legislation.
* Outstanding general management skills; excellent organizational, time management
and communication skills.
* Excellent Relationship-building skills; Strong Leadership skills; Strong negotiating
and influencing skills.
* Proficient in the use of the Microsoft range of applications.
* Excellent written and oral skills.

The position offers an attractive salary and benefits package, reflecting the
successful applicant's experience and qualifications, including a performance
bonus, pension, employee share plan, medical, dental & life insurance coverage.

Qualified individuals should submit resumes before August 31'", 2007 to:
Manager Operations
P. O. Box N-3016
Nassau, Bahamas
or
email: scotiatrust@coralwave.com


I


BUSINESS


FRIDAY, AUGUST 17, 2007, PAGE 5B


THE TRIBUNE


? -


G







THE TRIBUNE


PAGE 6B FRIDAYAUGUST 1 7


Stocks plunge on Wall Street as


Stocks plunged on Wall
Street again Thursday in the lat-
est reverberations of the crunch
in the American credit market.
At 1 p.m., the Dow Jones
industrial average was down
more than 330 points, or 2.5
percent. And the Standard &
Poor's 500-stock index and the
Nasdaq composite were down
by comparable amounts, bring-
ing the losses for all three index-
es to more than '10 percent since
their peak last month the


threshold at which the market's
fall is considered to have
reached a correction. The loss-
es came a day after stocks
plunged in the final hour of
trading, with the Dow closing
off 167 points and the S&P 500
erasing its own gains for the
year.
That set the tone for a wild
ride in foreign financial mar-
kets overnight. The main stock
indexes in nearly every devel-
oped nation around the world


closed lower or were headed
toward finishing the day in the
red.
On Wall Street Thursday,
more problems became appar-
ent in the mortgage market.
Countrywide Financial, the
nation's largest mortgage
lender, said it had tapped $11.5
billion in emergency loans from
40 of the world's largest banks,
as it seeks to shore up its cash
position.
The company, which relies


The American Embassy is presently considering applications for the following position:

COMPUTER MANAGEMENT ASSISTANT

Serves as the operational support of the local area network, along with stand-alone
computers. This position is open to candidates with the following qualifications:
Baccalaureate Degree in computer science or
computer information system.
MCSE, A+ and Network certification.
Five years of experience performing all aspects of information systems
management.

PERSONAL ATTRIBUTES:
Must be able to troubleshoot, diagnose and resolve
hardware and software problems.
Must have excellent people skills, be dependable
and extremely flexible.

BENEFITS PROVIDED INCLUDE:
The successful candidate will be offered an excellent compensation package including
performance-based incentives, medical and dental insurance, life insurance, pension,
and opportunities for training and development.

Applicants must be Bahamian citizens or U.S. citizens who are eligible for employment
under Bahamian laws and regulations.

Applications forms are available from 8:00 a.m. to 5:00 p.m. Monday through Friday
at the security area of the American Embassy, Queen Street. Completed applications
should be returned to the Embassy; addressed to the Human Resources Office no later
than Thursday, August 30, 2007.





Vacancy For The Position Of*"
; .. ..










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. I
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


heavily on raising money from
Wall Street, acted a day after a
prominent analyst suggested it
may have to file for bankruptcy
if banks and investors shut off
the spigot of money to Coun-
trywide. Shares of the company
were down about 15 percent in
Thursday morning trading, to
$18, after falling 13 percent on
Wednesday. The stock is down
about 50 percent for the year.
In a statement released early
Thursday morning, the compa-
ny also said that 90 percent of
the home loans it will now make
will be to standards set by Fan-
nie Mae and Freddie Mac, the
big purchasers of mortgage
loans, because it is not able to
sell them to other buyers.
The reversal of fortune in the
housing market was further
illustrated by figures released
by the Commerce Department
on Thursday that showed con-
struction of new homes fell in
July to the lowest level in more
than a decade, dropping 6.1 per-
cent last month.
The Federal Reserve injected
$17 billion into the system this
morning in two open-market
actions by lending against mort-
gage securities.
Whether the turbulence in
financial markets will have larg-
er ramifications for the Ameri-
can economy is still unclear.
Many economists, including
those at the Fed, have said they
believe the damage will remain
contained. Each day that stocks
take a pummeling, however, the
outlook becomes more and
more murky.
Henry Paulson, the Treasury


* Specialist Gerard Petti, right, directs trading at his post on the
floor of the New York Stock Exchange on Thursday morning


secretary, told The Wall Street
Journal in an interview pub-
lished Thursday that market
troubles "will extract a penal-
ty" on economic growth, but he
said he did not believe a reces-
sion was likely.
In Europe on Thursday, the
FTSE-100 in London fell 4 per-
cent in afternoon trading, while
the CAC-40 of France dropped
3.25 percent and the DAX in
Germany was down 2 percent.
The Asian slump was led by a
nearly 7 percent drop in South
Korea as nervousness spread-
ing there from finance profes-
sionals to ordinary small
investors.
"The psychology is shifting
notably today," said David
Bowers, a global strategist at
Absolute Strategy Research in


(AP Photo)
London. "When a market drops
by 10 percent, people start to
feel it in their portfolios. People'
are used to stock markets
behaving in a non-volatile and
even bullish manner."
In Europe, shares of banking
stocks were hard-hit as equity
markets retreated. The worst-
hit included BNP Paribas, which
last week sparked a market rout
when it revealed it had frozen
three funds in subprime mort-
gages had been invested. Shares;
were down 2.9 percent at mid-
day. ABN AMRO, the target
of a takeover battle that would
create the world's largest bank,
fell 1.3 percent at midday.
Concerns are beginning to
mount that the subprime crisis
may generate a consumer pull-
back in the United States, trig-


Cars left at "Action Auto" which was operated by The Late Ben
Miller: (opposite to Nassau Repair Shop on Cheasapeake Road)
Owners of the following vehicles are requested to remove their
vehicles from the above premises by Thursday 13th September, 2007

Deveaux Duane, 1992 Dodge Dynasty #' 5394. Deveaux Reno, 1989 GMC
Truck, #M17650. Ferguson Maria A., 1993 Subaru Tusty # 33076. Lochart
Advkda M. 1996, Toyota Corolla #' 81499. McDonald Kalia A ,1987 B'MW'
323 # 48530. Purdy Bruce, 1990 Tarus Station Wagon #97898. Rodgers.
Randolph, 1990 Ford Explorer, #32415. Sweeting Everette & Leonie; 1994
Pont Gran Prix, #29159. Talor Shelly M, 1988 Nissan Stanza, #59144.
Thompson Charles K, 1980 Chev Caprice Classic, #59516. Wison
Suzanne 1991 NIssan Cedric, #30612. 1987 Acura Legend, #51944.
Acura TwinCam, #108680. 1988 Chev Baretia. 1988 Eagle Premier,
#61642. 1991 Linc Continental, # 35034. 1990 Nissan Maxima, # 12229


Failure to remove these vehicles by Thursday
13th September, 2007 will result in the disposal of
same on Friday 14th, September, 2007







KINGSWAY ACADEMY
Vacancies for September 2007

Kingsway Academy, an Interdenominational, Evangelical, Co-Educational Christian Day
School, invites applicants from qualified and.experienced candidates for teaching
positions at the Elementary and High School levels and a position at the Business
Office.
Elementary:
Trained Physical Education Teacher for grades K-4 through
grade 6
High School
Iligh School applicants should possess a Teachers Certificate, at least a Bachelor's
Degree in the particular subject area and be able to teach to the AP level. A Masters
Degree in the content area or in education for the subject area would be an asset.
Mathematics
Mathematics/inforimation Technology
Information Teclmology
I Iealth and General Science
Business Office:
An Accounts Clerk
The successful candidates should have the following:
An Academic Degree in the area of specialization
A Teaching Certificate
Excellent Communication Skills
A love for children and learning
High standards of morality
Be a born again Christian
Letters of application together with a recent color photograph and detailed Curriculum
Vita (includingthc namncs and addresses of at least three references, one being the name
of one's church
minister) should be forwarded to:

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

Deadline for applications is Friday August 24, 2007.


I I III 1 .


BUSINESS







FRIDAY, AUGUST 17, 2007, PAGE 7B


THE TRIBUNE


the market crunch continues


gering an economic slowdown
that may hit America's export
partners.
"Although today will likely
again be dominated by concerns
over credit markets, at some
point the concerns will move to
consumer confidence, con-.
sumption and the global econo-
my," ABN Amro said in a note
to clients.
The losses reverberated most
sharply in Asia, where investors
were also shaken after Rams
Home Loans Group of Aus-
tralia, a nonbank lender which
earlier in the week warned that
its earnings could be hurt by ris-
ing costs for its U.S. borrow-
ings, confirmed Thursday that it
had been unable to refinance
$5 billion in debt.
"It's a kind of a panic among
individual investors," said Cho
Hong-rae, head of research at
Korea Investment & Securities
in Seoul, South Korea, adding
that domestic retail investors
had up until today generally
been buying shares as they
declined.
The South Korean bench-
mark stock index suffered its
biggest decline in more than five
years on Thursday, falling near-
ly 7 percent late in the after-
noon in Asia after an initial 10
percent plunge that forced the
Korea Exchange to suspend
trading for 20 minutes.
Similar declines occurred in
Indonesia and the Philippines,
where stocks also fell by rough-
ly 7.7 percent and 6 percent,
respectively. Declines in the
region's other big markets were
less severe, but still dramatic:


Japan's benchmark Nikkei 225
stock average fell by about 2
percent, and Hong Kong's
benchmark dropped by about
3.5 percent.
Chinese stocks were lower,
too. During recent trading ses-
sions, they have brushed off
drops in other parts of the
world.
Analysts in Australia said
Rams' problems were unlikely
to have much effect on the
country's banks, because they
do not rely significantly on bor-
rowing from the United States.
"In the end the impact on
them will not be so severe," said
Ben Zucker, an analyst at Mac-
quarie Bank in Sydney.
Nonetheless, companies and
financial institutions that had
taken advantage of a booming
American appetite for debt to
borrow United States dollars
cheaply and fund costs at home
in Australia where the currency
has been appreciating are likely
to suffer a sudden whiplash
effect now as interest rates rise
and the U.S. dollar regains'
ground, he said.
In South Korea, Cho said that
most domestic selling was still
by individuals trying to unload
individual stocks. So far, he said,
local mutual funds were not see-
ing a market increase in
redemptions that would force
them to join the selling. And
automatic contributions to pen-
sion funds were still being made
to big institutions, which were
taking advantage of the latest
declines to buy stocks more
cheaply, he said.
Cho said that Korean finan-


Legal Notice
NOTICE


KILPREN FENN HOLDINGS LTD.
--- J----


Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of KILPREN FEN HOLDINGS LTD.
has-been completed; a Certificate of Dissolution has been
issued and t4e Company has therefore been struck off the
Register.- '



ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE


PEIR HOLDING LIMITED




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



ARGOSA CORP. INC.
(Liquidator)









Responsibilities:

Day to Day running of the store

Inventory Control

Day to Day sales

Computer literate

Must have a good personality


Please provide your resume to:


Andrew Aitken Frame Art

50 Madeira Street

Palmdale Ph.: 325-1771


cial illns ill I lons, like others
;luntl)d ASII, hadl only snm all
dlii cl ec\posil es lo llnitled
Sia'l s ii bpIriline mIlt1 i gaJ5aes.
I la i ,l l l'. ti edtl Ilhrouglh I hI
Asian liiiaiicliil crisis andil a sim-
ilar imh tul inll personal dlelIs inl
2(t)02., Ikircan b bank's have
become rI lalivtl \ IMIusCi allise,
lie said.
So have lKorean regulators,
who ('ho said have been putting
the brakes on tile property mar-
ket by boosting restrictions on
how much banks can lend for
property investments.
As a result, ('1lo said, prop-
erty prices have sIagnated, but
borrowers are less likely to


dcflaull because tIhev look (on
loo much deb Il
lt lt O Iw I iI' m i htl not hold
ii lie oI1 Klleall companies. In a
epotrl last monthly examining the
creilitw ilhiness of Asian com-
panlies, a i.hliianI Brotlicis
strategist, Paul Schulte,
observed thal some of the
biggest gains by Korean stocks
had come in shares of compa-
nies with a high reliance on debt
financing.
A somewhat brighter picture
has emerged in Australia.
Notwithstanding Rams'
predicament, which was caused
by its borrowing, the quality of
mortgages in Australia has been


East Bay Street, Montagu Foreshore,

(ihligam House, 2nd floor

P.O.Box SS6252

Tel.: 393-3430/50

Fax:393-3007

b ra se nl bnassa uL @'yahoo.com.br


Office hours: From 8 to 3p.m.

Horario ao public: 8 as 15h.

Emergencias: 468.95.56









International Company seeks to
employ a Jr. Office Clerk..

Must have working knowledge of
Microsoft Office and Windows
Explorer.

Please send resume to
P.O. Box N-4910,
Nassau, Bahamas

or email to: cbodie-stubbs@ucftrading.com


steadily improving, according
to Zucker. Altei several years
of sliiimping prices in big eastern
markets like Sydney and Mel-
bourne, prices are now picking
up. With joblessness at record
lows and Australian economic
growth quickening, banks still
appear to be on solid footing,
he said.
In the United States, the


decline in the stock index
futures follows comments from
William Poole, St. Louis Fed-
eral Reserve Bank president,
after Wednesday's stock mar-
ket close. Hfe said that the mar-
ket turmoil has not undermined
the United States economy and
there is no need for an inter-
meeting rate cute, Reuters
reported.


owsut. 9 9ftOiM m o ,iuftr*ka


~1 ~
II .~.(..1 2.S~Ll~242 941 ~F G9M4~1~7 (9~J~" ~


Harbourside


Marine YAMAHA


looking for:
Generator Mechanic/Mechanic
Helper
Please fax resume to:
394-7659 or 394-3885.


Harbourside


is looking for


Persons


Marine


YAMAHA


Inventory/Sales


with knowledge


Generators, golf cars and


marine


industry,


must


the
be


familiar with inventory and stock
control.Must be computer literate.
Please fax resume to:
394-7659 or 394-3885


Legal Notice

NOTICE

BUSTAN CRESCENT LTD.

(In Voluntary Liquidation)


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





ARGOSA CORP. INC.
(Liquidator)


THE WESTIN
GRAND BAHAMA ISLAND
OUR LUCAYA t ) L 1 .1 1 1 .1 L 11 N N
Resort

Director of Food & Beverage Director of Conventions & Catering
This executive committee levclcandidate I will direct and Candidate will train, supervise and work with.all caterina and
organize the F & B functions for 13 restaurants at the conventions stall'. in order to solicit and book banquet and
icsort in order to maintain high standards of F & P catering Functions, asAvell as the planning, merchandising
quality, service and merchandising to maximize profits. and execution of Functions.
Position requires a thorough knowledge in overall food, Position requires knowledge in preparation. i inplementati oil
.and beverage operations. as well as management and compilation of data foi- strategic sales plans. monthly
experience in hotel, operations, culinary and sales. A, reports. forceastingandexperience in F&B, sales-and
minimum of five years experience as'a Director of Food operations. Computer skills in Word, Excel Lind Delphi &
Beverage in a large hotel operation required. Bachelor's necessary. Bachelors degree prefened.
degree. and inultilingual.ability prcferred.

Executive. Chief Steward Director of Golf
This succe ssful candi date will, be rsponsiblc for the 'rhe qualified applicant should be certified fioni 1
daily management of the stewarding department and reeppized PGA ropxanl and must be able to deinonstrate a
for 6681.iring that organization, sanitation, training. hig li levc[ of competence in playing, the ganic. ThC pOSItion
inventory and control of ail China, glass and silver- involve's workins, NVith a team of dedicat"I teaching,
ware items and c6st of operation are consistent with professionals within it golf school and the dailv iiiann-cilicill
the F&B goals and'objective octwo 18-holes golrcourscs
_,off experience in a nian ri
Must have a thorough knowledge of soaps, chemicals, A minimum of ten years u a c a
sanitation techniques, ware washing procedures and capacity, exemplary customer and human i resource,
health codes as they apply to food preparation, skijls, proven experience in cost and revenue manalenient,
rninimurn of three y6rs experience as a stewardifig forecasong and, training.
manager. Bachelor's degree prefelTed.,

Hurnah'Re'sources Coordinator
This high energy, independent thinker, will be responsible for the coordination of Human Resource matters includillu, but
not limited to being the point person with regard to the cornpany's policies and procedures. eniployce relations, recruitment.
employees benefit and industrial relations: Candidate "Should have strong time management. planning. leadcrshil) and good
organizational skills and possess a,'good working knowledge of' Microsoll E'xcel, Word and 13mer'Point. A inimilillill
of three years experience in a suprvisory administrative position Nvith certification in Human Resources p1Vl'C11'Cd.
We Offen, exceptional pay and benefits.
Resnm0% should be forwarded (in oi- btfore August 3111, 2007 to:
OI)LUCii)l)s(iu)stili-wootilit)tels.c4)iii
Human Resources Department,
Westiki'kSheraton Grand Bahania Island Our Luenya Resort
P.O. Box F-42500
Freeport, Grand Bahninn


BUSINESSES


i









PAGE B, FIDAYAUGUT 17,2007THEITIBUN


Respon silitiesJAnclude, But Not Limited to:

>Scheduling customer work
> I'yping customer proposals and letters on Microsofl
office
>A sing 4ccpac Corp. series for A/C's Receivables.
>1 pdaling 'uistoiner Data Base
>( credit Stop lists and collections.
>lnter-Oftfie reports.
> tillipnew ie quotes & work completed.

V)t .trea attributes:
\ b, kNiVvCen 351. to 45 years, excellent cominuLnications,
iun.l pt'isov.il *and organizational skills excellent
col.iutet l ind typing skills, attentive to detail, g tal
ol it uted

> competitive Salary
>1lealth Insurance
> Pension Plan

Plit as' send r'esumt to the following-
Fax: 322-3969
Or P. Box N 1388, Nassau, Bahamas




65 Water s-ports Day Cruisci
Id:.:i! ir Snorki l SCUBA-Excuisiobus
an bt castih converted for Feni\ 0o
Comnini.rcial Fishing

Stapleton Fiberglass Hull Fiberglassed Wooden
SUlpCist it.tirC;: Twin GMC 671 Engs.: 15 K\ W Gen..
2 Sho\\cis I WC; Gallery; Semi-Open Day Saloon;
Large Main Deck with Large Dive Platform: large
upper Sun Deck; upper Captain's Cabin/Station;
rugged, efficient long-term operational low main-
tenance technical standards throughout. Lower
alr conditioned bunks for up to 18 pers.

very good condition-exterior just gel-coat renew ed.
$265,000

At: Stella Marts Marina, Long Island
PH:(242) 3 8205(0 1,3
Fav (242) 33' 2049,52
c-imail:nils a stellamarisresorl.comn
oi jill C" stcllimarisresort.conm.


Vegas-style casino games



may come to Florida soon


HIOLILYWOOD, I 'lorida
Al tihe Scminole Haid Rock
hotel and casino here, slot
machines chime and poker
chips click, but calls for hbes on
blackjack and other Las Vegas-
style games could join the din
soon.
Gov. Charlie Crist has until
Tuesday to reach an agreement
with the state's Seminole Indian
tribe on the addition of Las
Vegas-style games to their casi-
nos a deal that could allow
the state to get millions in tax
revenue from the tribes' profits.
Otherwise, the federal gov-
ernment can step in and allow
the Indians to offer the gaines
\n0hitlii il, sUale gellting any-
thing. In eiilher scent io the
state's gamln llng c'illises and
struggling ract. lacks and jai
alai frontons could lake a inajoi
hit as gambler,, flock io the trib-
al casinos.
"Like any negotiations Ihey'rme
basically Itr' in to hamnie out a
contract. Both sides have some-
thing the otihei side wains,"
David Sch\\ aitz. director ot the
University of Ne\ada, L as
Vegas C(enter lo (lamiling
Research said aboutt the o)\er.
nor's talks \with lhe Indians.
Florida \wants some of the
money the Seminole '1 ribe will
rake in it i brings new games
like bltklKack and roulette to
its casinos. In return. the Tribe
is likely seeking a guarantee
that the state don't t allow pri-
vate casinos or tracks and jai-
alai frontons to offer the same
games.
That exclusivity would be a
huge benefit for the Seminoles,
Schwai tz said.
"That would he a ver\ good
deal for them," he said.
The road to Las Vegas-style
gambling in Florida started
two years, ago. For years.
Florida gambling was limited
to horse and dog racing, jai-
alai. lotterY, bingo and small
stakes pokci which the ted-
eia.l go ernment considers
. 'lass I and C(lass 11 gambling.
SliCeie ae also 'cruises to
no\\ hei e., which take gain-
Hiers three miles offshore for


SFLORIDA Governor Charlie Crist

0 FLORIDA Governor Charlie Crist


Vega.; style gambling, but
those fall outside the state's
jurisdiction.
That limited what games the
state s Seminole and Miccosu-
kee Indians could offer at their
tribal casinos near Miami, Fort
Lauderdale and Tampa and in
the Everglades primarily
poker and bingo-based video
slots. The slots play like the real
thing, but are wired so that
gamblers compete against each
other for jackpots instead of the
machines.
But then in 2005. Broward
County voters agreed that the
county's dog and horse tracks
and jai-alai fronton could add
Las Vegas-style slot machines,
where players play against the
house. Those slots are consid-
ered Class Ill games, just like
blackjack, roulette and other
games associated with Vegas.
The Seminole Tribe argues
that under federal law they
should now\ be able to offer all
Class Ill games at all of their
Florida casinos. If the state does
nothing, the U.S. Interior
Department could agree and


Florida won't be a
full-blown gaming.
While Crist has
opposed to expand
he can make a pro
seek more gambling
land while getting a
of revenue where
doesn't see a cent.
The Miccosukee
one casino southwe
haven't sought a c(
the state.
This possibility
Class III games has
da players flexing
playing fingers. It
day cruise operate
owning racetracks.
Ralph Haben, a
the day cruise indu
clients are waiting
the governor does.
"There are on
gambling dollars
Haben said. "Tht
cerned. They are
cerned, because i
tion."
Some players, me
it's time for the
they're inevitable a


PUBLIC NOTICE

TENDER FOR THE SCANNING, STORAGE AND RETRIEVAL OF DATA IN
ELECTRONIC FORMAT

Tenders are invited from duly qualified and experienced companies for the
provision of a scanning, storage and retrieval of data in electronic format solution,
for the Financial Intelligence Unit (the "FIU") a governmental agency
established by the Financial Intelligence Unit Act, 2000.

Theie are five (5) major elements expected from the proposed solution:

1 Security of Solution.
2 Storage and Retrieval of Imaged document.
3. Capturing of key information contained within documents and
associating the image with it.
4 Managing of Documents by case, and
5. Querying and Reporting of Information

As part of the Tender process eqch potential bidder is required to sign a
Confidentiality Agreement before receiving the Bidding Documents. Failure
to execute the same will forfeit the potential bidder's opportunity to bid on
the solution.

Tender documents, which include Software Requirements Definition document
and othei relevant information, can be collected between 9:00 a.m. and 5:00
p.m. Monday through Friday at the Reception Desk, Financial Intelligence
Unit, 3rd Floor, Norfolk House, Frederick Street, Nassau, The Bahamas.

fenders must be submitted in sealed envelopes marked "Tender for The
Financial Intelligence Unit's Electronic Document & Case Management
System" airmailed or delivered to.

Chairman
Tenders Board
Ministry of Finance
3rd Floor Reception Desk
Cecil Wallace-Whitfield Centre
P.O Box N-3017
Cable Beach, West Bay Street
Nassau, The Bahamas

All Tenders must be received at the above address by 5:00 p rn. on Thursday
27th September 2007. All Ienders must be submitted in triplicale

All persons who submit bids are invited to attend the opening of I enders at the
Ministry of Finance 3rd Floor, Cecil Wallace-Whitfield Centle, Cable Beach, West
Bay Street, Nassau, The Bahamas at 10.00 a.m., on Tuesday 2"nd October
2007.

The Financial Intelligence Unit reserves the right to reject any or all
Tenders


British Colonial Hilton
INassanU


The British Colonial Hilton is currently seeking qualified applicants for the
following positions:



BUTCHER Prepares meat, fish & shellfish for the hotel's.outlets in
accordance with required specifications ensuring guest satisfaction and
safety.
Applicants for this position must:
have 3 5 years work experience as a butcher in a kitchen within-the hotel
environment.
have sound knowledge of meats, fish and shellfish, and a variety of
appropriate cuts.
be able to execute effective portion control and inventory management.
have strong reading and writing skills; culinary/apprenticeship training
would be an asset.
be able to work shifts.



BOILERMAN: Maintains boilers, hot water heater systems, reverse osmosis
plant, and HVAC systems to the required specifications ensuring guest
satisfaction and comfort.
Applicants for this position must:
have 3 5 years work experience.
be a well-rounded engineer with sound knowledge of boilers and water
heaters; HVAC and RO systems; generators and pumps.
have basic plumbing, pipe-fitting and electrical skills.
have sound problem-solving skills.
have strong reading and writing skills and basic computer skills.
be able to work all shifts as required (i.e. day and night shifts).
Professional training/certification would be an asset; welding skills are
desirable.


Individuals who meet the above requirements are invited to forward their
resumes to.

Director of Human Resources
BRITISH COLONIAL HILTON, NASSAU
1 Bay Street
Nassau, Bahamas
Fax: 242-302-9040
E-mail: recruitment.nassau@hilton.com

Deadline: August 24, 2007


THE TRIBUNE


*


PAGE SB, FRIDAY, AUGUST 17, 2007


want the state to share in the
profits.
"I would like to see tables
here. I'm ready," said Dave
Andrews of Fort Lauderdale,
who was at the Hard Rock on
Wednesday.
Andrews wasn't gambling,
however. He enjoys blackjack
and takes a boat from Palm
Beach about four times a year
to play. He said he'd never go
on a day cruise again if he could
play blackjack on land. That
would be more convenient and
let him better control how much
he might lose, he said.
"On a boat you're captive,"
Andrews said. "The boat is bad
for me because part of my con-
trol is to get in my car and
leave."
Haben, the day cruise lobby-
ist, said he believes casino boats
would still hold an allure, even
if they aren't the only ones to
have Vegas-style games. Being
out on the sea and getting away
(AP Photo) for a day is the draw for some
people, he said.
able to stop "Now, if we had full Vegas
style gaming in Florida would
s said he is it hurt us? Yes," he said.
ed gambling, "Would some boats go out of
imise not to business? Yes. Would all of
ig off Indian them go out of business?" -
large source Haben doesn't think so.
Florida now Racetracks could have a
harder time competing with
s, who have Indian casinos, too. Mike Mul-
:st of Miami, laney, a spokesman for Gulf-
ompact with stream racetrack in Hallandale
Beach said they'd ask for the
of so-called playing field to be leveled in
Some Flori- some way. That could mean
their card- asking for simulcast betting,
also worries which is currently heavily
)rs and slot- restricted in the state, or a
reduction in the amount the
lobbyist for track pays the state, Mullaney
stry, said his said.
to see what Mullaney said he believes
that once people go to Gulf-
ly so many stream's casino they'll return,
available," but it might be harder to get
ey are con- them in the door, requiring
greatly con- more advertising dollars, if
t's competi- nearby Hard Rock gets Class
III games.
meanwhile, say Once gamblers do get in the
games, that door, Mullaney said: "let the
and that they chips fall where they may."









FRIDAY, AUGUST 17, 2007, PAGE 9B


THE TRIBUNE


Commodities weaken



as stock selloff spreads o



to metals and energy


~w 1 ohe 1 wcjThe 8ohoorn os s
sit$ n


NEW YORK (AP) Gold
prices tumbled again Thursday
on another stock market plunge
that followed five straight days
of declines in the Dow Jones
industrial average.
The stock drop has led some
on Wall Street to take money
out of commodities across the
board precious metals, indus-
trial metals, energy and grains
- to cover losses or place it in
relatively safer assets like Trea-
surys.
December gold fell $24.20 to
$655.50 an ounce by midday,
while September silver fell
$1.485 to $11.07 an ounce. Octo-
ber platinum fell $41.50 to
$1,230.00 an ounce.
The Dow slid more than 200
points, after Countrywide
Financial Corp.'s troubles con-
firmed that problems in the
lending market are worsening.


As investors fled stocks, bonds
rose, pushing down the 10-year
Treasury note's yield to 4.66
percent from 4.72 percent late
Wednesday.
That flight to quality has been
hurting many commodities mar-
kets.
"Commodity markets
remain in turmoil as fall-out
from the US mortgage-backed
securities crisis continues. In
the short term, financial mar-
ket movements are likely to
remain a key driver of price
direction in commodities mar-
kets," Barclays commodities
analysts wrote in a note to
clients.
Also dampening gold prices,
the dollar continued on its
upward path against the euro
but kept falling versus the yen.
When the dollar weakens
against the yen, investors


unwind their yen carry-trades,
meaning they take their yen out
of dollar-denominated assets
like gold.

Energy

Energy prices fell, too, even
as traders stared down Hurri-
cane Dean in the central
Atlantic; the storm could pose
problems for oil and gas facili-
ties in the Gulf Coast region if it
continues on its path toward the
Caribbean.
Light, sweet crude for Sep-
tember delivery plummeted
$2.56 to $70.77 a barrel on the
New York Mercantile
Exchange. September gasoline
fell 6.37 cents to $1.9451 a gal-
lon.
September natural gas fell
13.2 cents to $6.732 per 1,000


cubic feet, after the Energy
Department said Thursday
that natural gas inventories
rose by 21 billion cubic feet
last week, a bit more than
anticipated.
Most industrial metals saw
price declines as well, and so
did agricultural prices. Cop-
per fell on the London Met-
al Exchange, as did alu-
minum, zinc, lead and nickel.
Tin was the sole gainer on
the LME.
Copper for September on the
Nymex fell 26.6 cents to $3.066
a pound.
On the Chicago Board of
Trade, wheat for December
delivery dipped 10 cents to
$6.87 a bushel; December corn
fell 8.25 cents to $3.37 a bushel;
and November soybeans
plunged 35.5 cents to $8.19 a
bushel.


NOTICE
NOTICE is hereby given that SAMUEL SANDS OF ROCK
SOUND, ELEUTHERA, 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 8TH 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 HENRY CLAUDE ORVILLE OF
ARMBRISTER STREET, FOX HILL, NASSAU, BAHAMAS,
is applying te 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
registratl6n/ natirali2ztifdi 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.











Well established Bahamian-owned group of
companies has an immediate opportunity for an

Assistant Financial Controller

As Assistant controller, you will work with and support
Senior management as it relates to all accounting and
finance functions of the companies. This includes GL
maintenance, month-end close, Internal Reporting,
financial analysis, budgeting and forecasting, working
with auditors and supporting general management and
operations.

Candidates should have a solid professional foundation
in accounting/finance.

Requirements:

V Bachelors in accounting and/or Finance
V CPA or CA (an asset)
V 3+ years experience in Accounting/Finance
V Able to supervise staff at the clerical and professional
level

Send cover letter explaining in detail why you would
be right for the position. Please forward your resume
with professional references and phone numbers to:

DA7168
c/o The Tribune,
P.O. Box N-3207,
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 EVELYN MERCEDES
WALKER of #90 FRIGATE COURT, MALIBU REEF,
P.O. BOX F-40916, 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 15TH day of
AUGUST, 2007 to the Minister responsible for Nationality
and Citizenship, PO.Box N- 7147, Nassau, Bahamas.


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, P.O.Box N- 7147, Nassau, Bahamas.


Interesting people.

A lively environment.

Savory aromas.

And delicious espresso
beverages.



This is the exciting world of
coffee. And you can be part
of it.


Starbucks, The Reef Atlantis is now hiring
Managers & Assistant Managers.

For further details contact Tameka Beneby at
Tameka.Beneby @ Kerzner.com.

i ^ -^ -- ^ ^ ^ ^ ^ ^ -- ^ ^ ^ ^ ^ ^ ^ ^ --


COMMONWEALTH OF THE BAHAMAS 2007
IN THE SUPREME COURT CLE/QUI/00705

IN THE MATTER OF ALL THAT
parcel of land totaling 22,504 square feet
situate on the Western side of Fowler Street
and 91.27 feet North of Shirley Street on
the Island of New Providence one of the
Islands of The Commonwealth of The
Bahamas.

AND

IN THE MATTER of the Quieting Titles
Act, 1959

AND

IN THE MATTER of the Petition of Louise
Maynard Maycock

NOTICE

THE PETITION OF LOUISE MAYNARD
MAYCOCK in respect of:

ALL THAT parcel of land totaling 22,504
square feet situate on the Western side of
Fowler Street and 91.27 feet North of
Shirley Street on the Island of New
Providence one of the Islands of the
Commonwealth of The Bahamas.

Louise Maynard Maycock claims to be the owner
in fee simple in possession of the parcel of land
as set out above and has made application to the
Supreme Court of the Commonwealth of The
Bahamas under Section Three (3) of the Quieting
Titles Act, 1959 to have her title to the said parcel
of land investigated and the nature and extend
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 the
Petition and Plan of the said parcel of land may
be inspected during normal office hours in the
following places:

1. The Registry of the Supreme Court, East
Street in the City of Nassau, Bahamas; and

2. Lexane Chambers, Chilcott Manor, #9
Brooklyn Road, off Village Road, Nassau,
Bahamas.

NOTICE is hereby given that any person having
dower or right to dower or an Adverse Claim or
claim not recognized in the Petition shall on or
before the 8th day of October A.D., 2007 file in
the Supreme Court and serve on the Petitioner
or the undersigned a Statement of his or her claim
in the prescribed form verified by an affidavit to
be filed therewith.

Failure of any such persons to file and serve a
Statement of his or her Claim on or before the
8th day of October A.D., 2007 will operate as
bar to such claim.

LEXANE CHAMBERS
Chilcott Manor
#9 Brooklyn Road
Off Village Road
Nassau, Bahamas

Attorneys for the Petitioner
____ I,,--_______


BUSINESS









PAGE 10B, FRIDAY, AUGUST 17, 2007


THE TRIBUNE


Toy recalls leave companies



with no choice but to



improve China operations


willing and able to please both.
Now a massive toy recall by
Mattel Inc. reveals an ugly side
to that cost-cutting drive. The
sacrifice of safety just to pro-
vide cheap toys is something
everyone will have to pay for.
The slogan "Made in China"
has long stood for affordability.
Thanks to the dramatically low-
er labor costs that China offered
- estimated by some to be a


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, 2007to 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 CLAUDE SAINT-FLEUR
of MARSH HARBOUR, P.O. BOX AB-20409, 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 15TH 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 NESLI AUGUSTIN OF #44A
GLADSTONE TERRACE, 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 8TH day of AUGUST,
2007 to the Minister responsible for Nationality and Citizenship,
P.O.Box F-41085, Grand Bahama, Bahamas.


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.


fifth of what they are globally -
toymakers could knock down
their expenses by shifting pro-
duction abroad.
That not only has boosted
corporate earnings, but helped
them gain shelf-space in retail
chains like Wal-Mart Stores Inc.
that insisted on low prices for
the products they bought. The
merchants could then offer
good deals to price-conscious
shoppers, without losing any
profits.
The result is an industry that
hasn't seen its products' prices
soar much. Many of today's
toys, when adjusted for infla-
tion, may be less expensive than
those decades ago, even though
such things as raw material costs
- like paper and plastic -
have skyrocketed, according to
independent toy industry con-
sultant Chris Byrne.
"We can't have ever-decreas-
ing prices without something
eventually being squeezed,"
Byrne said.
That squeeze is what has
been grabbing headlines lately.
As millions of China-made toys
have been recalled, suddenly
Americans have become very
aware ahd scared of the
risks of manufacturing there.
It's easy to see why the alarm
bells are going off. When play-
things with big-time brands'
names are considered health
risks, that makes for much con-


versation among parents who
are now dismayed about what's
lurking in their toy bin.
This puts the toy industry in a
tricky spot. With more than 80
percent of U.S. toys imported
from China, toymakers here
can't afford to abandon pro-
duction. But if they want to
keep customers, toy sellers must
change their Chinese operations
significantly.
Mattel Inc. is facing that new
reality right now. This summer
has been tough for the world's
largest toymaker, which has
seen its reputation as a leader in
manufacturing safety unravel
after two highly publicized
recalls in just as many weeks.
The first came on Aug. 2 with
its Fisher-Price division recalling
83 types of toys including the
popular Big Bird, Elmo, Dora
and Diego characters -
because their paint contains
excessive amounts of lead. Then
on Aug. 14, lead paint also led
to the recall of hundreds of
thousands of die cast cars.
In total, El Segundo, Calif.-
based Mattel has recalled
almost two million toys world-
wide due to lead paint concerns,
plus millions more for other
safety reasons.
Mattel has said it will take a
$30 million charge to cover the
cost of the recalls, but that does-
n't include what it will spend to
convince the public that its toys


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.



NOTICE

NOTICE is hereby given that AGUINALDO EUGENIO
of NICHOLLS TOWN, NORTH ANDROS, 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 17TH day of
AUGUST, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.



PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, Karen Williams-Barlett
of Brigadoon Estates, the biological mother of GERALD
AUGUSTUS BARTLETT III, intend to change my son's
name to GERALD AUGUSTUS WILLIAMS-BARTLETT III.
If there are any objections to this change of name by Deed
Poll, you may write such objections to the Chief Passport
Officer, P.O.Box N-742, Nassau, Bahamas no later than thirty
(30) days after the date of publication of this notice.


E ISI~ ^jsi
C F A L-
Pricing Information As Of:
Thursday. 16 August 200 7

S,.K..H. 2.AK-k-LO. sacur i Preaous Close" Toaay s C-ose CCnr.go Da,: :i EPS i CL. t P E Yiela
1 8 0 54 Aoac: Markels 1 60 t 60 0 0C, 0 000 0 000 NM 0 00%
12.05 11.00 Bahamas Property Fund 11.65 11.65 0.00 1.527 0.400 7.6 3.45%
9.41 7.49 Bank of Bahamas 9.40 9.40 0.00 0.733 0.260 12.8 2.77%
0.85 0.70 Benchmark 0.85 0.85 0.00 0.048 0.020 17.7 2.35%
3.71 1.50 Bahamas Waste 3.71 3.71 0.00 0.279 0.060 13.3 1.62%
1.57 1.20 Fidelity Bank 1.57 1.57 0.00 0.064 0.020 24.5 1.27%
10.76 9.10 Cable Bahamas 10.75 10.75 0.00 0.949 0.240 11.3 2.23%
2.74 1.80 Colina Holdings 2.65 2.74 6 0.09 1,100 0.281 0.080 9.8 2.92%
15.15 10.99 Commonwealth Bank 15.15 15.10 -0.05 5.000 1.190 0.680 12.7 4.50%
7.22 4.70 Consolidated Water BDRs 5.96 5.96 0.00 0.112 0.050 53.2 0.84%
2.76 2.20 Doctor's Hospital 2.31 2.31 0.00 0.281 0.000 8.2 0.00%
6.40 5.54 Famguard 6.20 6.20 0.00 0.804 0.240 7.7 3.87%
12.77 11.51 Finco 12.77 12.77 0.00 0.787 0.570 16.2 4.46%
14.70 13.50 FirstCaribbean 14.65 14.65 0.00 0.977 0.470 14.6 3.21%
5.50 5.18 Focol (S) 5.46 5.50 0.04 3,073 0.364 0.133 15.1 2.41%
1.00 0.54 Freeport Concrete 0.70 0.70 0.00 -0.415 0.000 N/M 0.00%
8.65 7.10 ICD Utilities 7.25 7.25 0.00 0.411 0.200 17.6 2.76%
9.90 8.52 J. S. Johnson 9.90 9.90 0.00 0.946 0.580 10.5 5.86%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ PIE Yield
14.60 12.25 Bahamas Supermarkets 14.60 15.60 16.00 1.234 1.485 12.6 10.17%R
10.14 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 0.20 -0.030 0.000 N/M 0.00%
43.00 28.00 ABDAB 41.00 43.00 41.00 2.220 0.000 19.4 0.00%
14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.234 1.125 12.6 7.71%
0.60 0.35 RND Holdings 0.45 0.55 0.45 0.021 0.000 26.2 0.00%
52wk-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3513 1.3031 Colina Money Market Fund 1.351263*
3.3402 2.9449 Fidelity Bahamas G & I Fund 3.3402"*
2.7399 2.4415 Colina MSI Preferred Fund 2.739935"
1.2652 1.1886 Collna Bond Fund 1.265223**
11.6581 11.1193 Fidelity Prime Income Fund 11.6681" ..
BISX ALL SHARE INDEX 19 Dec 02- 1,000.00 MARKETTERMS YIELD lst 12 month dividends divided by closing price NAVEY
52wk-HI Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity 10 August 2007
Previous Close Previous day's weighted price for dally volume Last Price Last traded over-the-counter price 30 June 2007
Today's'Close Current day's weighted price for dally 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
Dally Vol Number of total shares traded today NAV Net Asset Value
DIV S Divideonds pr share paid in the last 12 months N/M Not Meaningful
P/E Cliulng price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100
(S) 4-for-1 Stock Split Effective Date 8/8/2007
rlr


* THE Barbie Tanner set is one of the items on a recall list
issued by Mattel. Mattel recalled 9 million Chinese-made toys
Tuesday, including Polly Pockets play sets and Batman action
figures, because of dangers to children from lead paint or tiny
magnets that could be swallowed.
(AP Photo/Paul Sakuma)


are safe. Analysts estimate that
millions of dollars more will
have to go toward monitoring
its foreign vendors and creat-
ing a marketing program that
assuages parents' concerns.
Mattel has already said that it
will switch from randomly test-
ing finished toys to testing every
batch of toys produced. It will
also step up safety checks at the
suppliers and subcontractors
before they finish making the
toy.
While Mattel has become the
poster-child of Chinese manu-
facturing gone wrong, its rivals
should be scrambling to avoid
being caught in a similar spot.
That doesn't mean just keeping
better tabs on the manufactur-
ers that they have direct con-
tact with, but looking at every
vendor, the vendor's vendor,
and so on.
"The transparency at the
back-end of these operations is
hazy," said Eric Johnson, pro-
fessor of operations manage-
ment at Dartmouth's Tuck
School of Business who has
studied Chinese manufacturing.
"Each layer becomes harder to
manage and control."


He sees how the situation at
Mattel and probably plenty
of others could have played
out. With everyone up and
down the supply chain so
pressed to cut costs, factories
that used to rely on brand-name
paint found cheaper no-name
options from local suppliers.
And as those suppliers continu-
ally race to offer the cheapest
alternative, lead paint lands on
toys..
It's pretty clear right now that
doing business in China just got
more expensive. It can't stay
the wild-west of manufacturing
that it has become.
Toymakers can't just roll out
flashy advertising campaigns
that promise upgraded safety,
and not fix their behind-the-
scenes operations. They have
to figure out how to bring the
standards and ethics of their
Chinese partners up to accept-
able levels, or threaten to take
their business elsewhere if
changes aren't made.
Gone are the days of squeez-
ing every last penny out of an
operation. What toy companies
are saving won't matter if no
one buys their playthings.


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 AIRA MARIA ALAIN
NEWBALL of #21 SHAKLETON LANE, P.O. BOX F-41774,
GRAND BAHAMA, BAHAMAS is applying to the Minister
responsible for Nationality and Citizenship, for registration/
naturalization asacitizenofThe 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 15TH 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 MARIE SAINT-FLEUR
of MARSH HARBOUR, P.O. BOX AB-20409, 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 15TH day of
AUGUST, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.




Needed
One male and female to do general cleaning.
Must have own transportation.

Please come in for Interview. At Athena Cafe
Bay & Charlotte Street
P.O. Box N-3669
Nassau, Bahamas
Tel: (242) 326-1296/322-8833








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a.1jkl l 11


NEW YORK (AP) The
first Barbie doll to hit the mar-
ket in 1959 cost $3 each. Today,
the fashion doll won't set you
back for much more, according
to Associated Press.
That's the economics of the
toy business. Consumers
demand low prices. Toymakers
want fat profits. So manufac-
turing ambled off to China,
which for a long time has been


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