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The Tribune.
ALL ISSUES CITATION THUMBNAILS ZOOMABLE PAGE IMAGE
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Permanent Link: http://ufdc.ufl.edu/UF00084249/02971
 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: 8/20/2007
 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_02971
System ID: UF00084249:02971

Full Text







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The Tribune

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MONDAY, AUGUST 20, 2007


lp I


Eoin


Man gunned

down in Fox Hill


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
A 25-YEAR-OLD man was
gunned down and killed in
Dorsette Street, Fox Hill, yesterday
morning, making him the 51st mur-
der victim of the year.
The man was said to have been
shot in the abdomen during an
argument with a relative.
Police reports, which were still
sketchy up to press time, said at
around 11am the man was in an
argument with a male relative
when the shooting occurred.
The victim was taken by ambu-
lance to Princess Margaret Hospi-
tal where he was pronounced dead
on arrival.
Police have not yet officially
released the name of the victim,
pending formal identification of
the body.
But the Fox Hill area was being
combed by officers, even though
the gunman was said to have fled
the area after the killing.
This homicide follows that of
Theophilus Dean. 24, who was shot


multiple times in the upper chest in
Freddie Munnings Sub-division,
also in Fox Hill, making him the
50th murder victim of the year.
Along with this latest homicide,
another near fatal crime in Fox
Hill yesterday raises concern that
there is an increase in serious vio-
lence in the area.
A 30-year-old man is in critical
condition at PMH after being
stabbed in the groin yesterday
around 7am in Rattlesnake Alley,
off Fox Hill Road.
He reportedly got into an argu-
ment with a female companion,
which led to the stabbing, accord-
ing to police.
The latest homicide, along with
the near fatal stabbing, both
involved victims in the most vul-
nerable demographic bracket in
the country.
Police have reported that this
year, in which the, Bahamas is on
target for a possible record of 80
or more homicides, more than 70
per cent of the victims killed have
been men between 18 and 35.
Up to press time, no suspects
were in custody for either incident.


Sears: hard decisions to be made
by PLP on leadership, message
0 By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
THE PLP will have to make some
"hard decisions internally" regarding
the party's leadership and message to
be successful in future, former Minister
of Education and Attorney General
Alfred Sears said yesterday.
"I Was looking at the PLP in (1992)
and it seemed very clear to me that
that PLP ought to have changed its
leadership to really review and trans-
form itself, but it couldn't and it suf- 4


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
QUICK thinking by neigh-
bours saved the home of for-
mer Deputy Prime Minister
Cynthia Pratt from being
destroyed by fire yesterday.
The incident occurred
after 11am at her home in
The Grove while Mrs Pratt
was worshipping at the near-
by Prayer and Praise Assem-
bly on Ragged Island Street,
only two streets away.
Shortly before l lam elec-
tricity went off in the area.
When it was restored, it is
believed an iron, which may
have inadvertently been left
plugged in and possibly fac-
SEE page 13


Dogs chase man to

his death on road


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
A PACK of dogs chased a,
man into the road on Friday
night, leading him to be struck
and killed by a car.
The incident occurred at
around llpm in Carmichael
Road. The man was walking
west near Bahamas Gas. accord-
ing to police.
"He was trying to escape some
dogs that were coming at him.
And he ran into the road and
was hit by a car." Asst Supt Wal-


ter Evans said.
The man was struck by a Nis-
san Sentra and died at the scene.
Up to press time. Mr Evans
was unable to provide the age
or identity of the man, who is
the 28th traffic fatality in the
country for the year.
The death of this man at the
hands of loose dogs, most likely\
strays, raises serious questions
about animal control in the
counltrv.
Foul i tlonlh ago a 2. \Ceat
old man, also walkittg il the
SEE page 12


Police officer
accused of
Jermaine
Mackey killing
is promoted
0 By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
ALMOST two and a half years
after the Coroner's Court recom-
mended that Constable Zhivago
Earns face charges for allegedly
unlawfully killing 27-year-old Jer-
maine Mackey, the officer has been
promoted to corporal.
The Tribune has also learned
that. despite the ruling of the Cdro-
"Tner's Court on the case which
sparked the now infamous Kemp-
Road riot, no date has been set for
the matter to be heard before the
SEE page 12 -
Parents' anger over
Bahamian students


stranded in Jamaica
during hurricane
* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
PARENTS of Bahampian students
in Jamaica last night hit out at the gov-
ernment for failing to send an aircraft
to rescue their children before the
deadly category four Hurricane Dean
hit the island.
Some 30 to 50 Bahamian students
were said to be stranded in Jamaica
yesterday when the hurricane pound-
ed the island with winds up to 145mph
and torrential rains, causing mudslides
and flooding.
In the face of this, parents heavily
criticized the government for only
securing a shelter for their children,
instead of bringing them home to safe-
ty.
The mother of a 24-year-old
SEE page 12

Arrest made in
connection with
woman's assault
A MAN in his thirties is in
police custody in connection
with the assault of Natasha
Pratt. Ms Pratt was badly beat-
en and run over by a car last
Monday.
Police press officer ASP Wal-
ter Evains would not comment
on when or if charges will be
filed but indicated that the
police in'. clig.ilin is still con-
tinuing.


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PAGE 2, MONDAY, AUGUST 20, 2007


THE TRIBUNE




Traders call for wall



around straw market



to be taken away


F 7
;,7havanatur
77a4 na
Bahamas


* By BRENT DEAN
Tribune Staff Reporter
bdean @tribunemedia.net
ANGRY staff and merchants
on Bay Street are calling on the
government to remove the ply-
wood barrier around the straw
market site, as tourists have vir-
tually stopped frequenting the
area and residents now use it
as a "public restroom."
The Tribune visited the four
stores that line the Market
Range Road between Cafe
Skans Restaurant and the
stalled proposed site for the
straw market, and heard wide-
spread dissatisfaction that the
partition is still up, leaving only
a three-foot wide alley that
hides the businesses from
patrons.
Employees in one of the
stores, who did not wish to be
named, said that police patrols
of the area have neatly ceased
since the barrier was put up in
late April, in anticipation that
work would begin on the straw
market.
Now the women workers
claim that men regularly stand
in front of their windows, with
their genitals exposed, urinat-
ing at their leisure.
"They stand right here," one
staff member lamented, point-
ing to the front door of the
store.
"If people touch that wall,
they are touching urine," anoth-
er staff member said.
"All we are saying is if gov-
ernment ain't ready for the
straw market as yet, they should
move this in the meantime to
give people that road space for
people to park," another said.
An employee said that the
seedy alleyway created has now
attracted a vagrant who defe-
cates in a container, which he
sometime leaves on the side of
the pathway.
"Tourists are scared to come
through here,"' The Tribune was
told.
A store manager said she def-


* TRADERS in the downtown area who have businesses
looking onto the straw market are demanding to know when the
wall which is killing their trade is going to come down
(Photo: Felipi Major/Tribune staff)


initely has seen a fall-off in busi-
ness since the plywood barrier
was erected.
"It's not as good as it used to
be," she said.
Additionally, the narrow
space, she explained, hampers
the transport of new stock into
the store.
"Once you get in that aisle-
way, basically, no-one can pass,"
she said, explaining that with
the lack of space, the whole
alley becomes blocked up
whenever they need to trans-
port goods.
When the road was opened,
she continued, "you could just
pull to the side" and offload
goods conveniently. *
The Tribune was also told


that the barrier causes water to
collect in the alley when it rains.
And, when this rainwater mixes
with the urine and run-off near
the Skans restaurant, an
extremely offensive odour
lingers through the area, fur-
ther deterring customers from
visiting the stores.
One merchant, when asked
about the problem, said he has
"no hope" that the government
will act and remove the barrier
since no construction is taking
place. Governments "merely
talk", he said.
Attempts to reach senior offi-
cials at the Ministry of Works to
discuss if the government is will-
ing to remove the barrier were
unsuccessful.


.... . .. :r7









I Bctt CON .t
., ; -,- ,,







MONDAY, AUGUST 20, 2007, PAGE 3


i THE TRIBUNE


LOCAL NEWS


0 In brief

Two men

arrested for

trying to

raid church

TWO men were caught inll
Grand Bahama trying to break
into a church.
Police reported that, at about
1.28am on Saturday, the duty
officer at the Police Dispatch
Centre in Freeport received
information that two men were
breaking into the Faith, Truth
and Deliverance Ministry build-
ing on Fawcett Lane, near the
Wash House.
As a result, two CDU offi-
cers rushed to the scene, where
they held two male suspects
who were breaking into the
building using a pickaxe.
Both men, one a 54-year-old
resident of Garden Villas and
the other a 61-year-old of Bass
Lane, were taken into custody
and have since been charged.
They will be arraigned in
Freeport Magistrate's Court
today.
The pastor, Rev Chester
Turnquest, told officers that he
secured the sanctuary at 1.30pm
on Sunday, August 12, and
returned around 8.20am on Sat-
urday to mow the lawn, when
he was told about the incident
and saw the damage to the east-
ern door.

Man stable
after crashing
into .utility
pole on GB

A GRAND Bahama driver
narrowly escaped death when
his vehicle slammed into a util-
ity pole.
At about 11.25pm on Friday,
Christopher Sawyer. 45, of
Bowleg Town, West End, was
driving his grey 1995 Chevy
Lumina west along Bayshore
Road, near St Michael's
Catholic Church corner, when
he lost control.
He skidded off the road and
crashed into a wooden utility
pole. ,, .
The vehicle was extensively
damaged.
Mr Sawyer, who sustained
injuries to his head and other
parts of the body, was helped
from the wreckage and taken
to West End Clinic, where he
received emergency medical
treatment.
He was then transported by
ambulance to Rand Memorial
Hospital in Freeport, where he
is detained in stable condition.

Alarm at
mercury
poisoning in
Guyana
E GUYANA
Georgetown
MERCURY poisoning Mer-
cury used by gold miners has
seeped into rivers and streams
and sickened scores of Indian
villagers in rural Guyana, a con-
servation group said Thursday,
according to Associated Press.
About 90 per cent of 200 res-
idents screened in one commu-
nity showed symptoms of illness
from mercury, which can cause
permanent lung and brain dam-
age, according to the World
Wildlife Fund for Nature.
The nonprofit has done tests
on human hair, urine samples
and fish samples and found con-
tamination, said Patrick
Williams, WWF director for
Guyana.
Heavy mercury residue has
been found in rivers and creeks
used for drinking and irrigation,
and some miners also have been
poisoned by ingesting mercury
vapours while using torches to
separate gold from ore,
Williams said.
Mining Commissioner Bill
Woolford said the government
is aware of the illegal use of


mercury by miners in poorly
policed areas. Earlier this week,
officials announced they are
preparing charges against min-
ers accused of contaminating
the public water supply in a
community near the border
with Brazil.



FriirFnide
PgIUMest IIControl


Baha Mar exec says FNM is




still committed to resort


* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
THE new FNM government
still remains completely com-
mitted to Baha Mar's vision
for the transformation of the
Cable Beach strip, Robert
Sands, vice-president of
administration and external
affairs at Baha Mar, has told
The Tribune.
Despite months of delay,
talks between the government
have resumed and Baha Mar
executives have met with
Prime Minister Hubert Ingra-
ham, Mr Sands confirmed.
He said he could not com-
ment in detail on the discus-
sions between the two parties,
but said that negotiations are
continuing with tile aim of
soon reaching the "finish line."
Mr Sands also could not
comment on the success of the
meeting and could not say if
there will be changes made to
the scope or design of Baha
Mar's $2.4 billion scheme.
While the prime minister is
on summer vacation, MrI
Sands said, Baha Mar execu-
tives have scheduled several
meetings with various govern-
ment agencies and corpora-
tions. He said it is likely that


talks with the prime minister
will continue afterwards.
However, Mr Sands said the
new government is "absolute-
ly committed" to Baha Mar's
project, as are the group's
hotel and casino operating
partners Harrah's Entertain-
ment and Starwood Hotels,
who could have long since
made use of their walk-away
clauses in their agreements
with Baha Mar.
Before the general election,
the FNM opposition was very
critical of the nature and
immense scope of the Baha
Mar project, claiming that the
PLP were giving away too


much Bahamian land.
Mr Ingraham during his elec-
tion campaign was also very
critical of the PLP's Megaa"
anchor project schemes.

Negotiations

The Fribuhte reported last
week that long and intense
talks between Baha Mar and
Prime Minister Ingraham were
finally continuing, perhaps sig-
nalling the conclusion of tlhe
supplemental heads of agree-
mentC negotiations which could
ultiinalely lead to the trans-
foriitionl of the entire C('able
Beach strip.
Baha Mar had previously
failed to reach a supplemen-
tal heads of agreement with
the former PLP government
on its project, which became
necessary after the investor
group increased its investment
in the ('able 13Beach strip from
$1 billion to $2.4 billion.
The initial deadline for
Ball Mar to conclude these
negotiations with tlie govern-
ment was set for March 1,
2007. It was necessary for
Baha Mar to meet this dead-
line to be able to conclude
agreements with Harrah's
Entertainment and Starwood


Five injured in stabbings


* By BRENT DEAN
Tribune Staff Reporter
bdean @tribunemedia.net
A BRUTAL stabbing spree
in Bimini Avenue. Market
Street, in the early hours of
Sunday has left five people in
hospital, with two fighting for
their lives.
The incident happened
shortly after lam. The victims


included four men and one
woman. Police did not provide
the ages or the identities of
the victims.
However, reports indicate
that an I l-year-old girl w\as
struck by a car possibly leaving
the scene, and she is no\\w in
critical condition at Princess
Margaret Hospital fighting for
her life.
Police press liaison officer


Walter Evans would not con-
firm that the stabbings and the
near fatal accident involving
the Voung girl are related. But
he said the girl was injured
around the same time that the
violent knife attack occurred.
At this stage, police are
unable to indicate a motive,
Mr Evans said, or say how
many were involved in the
attack.


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THE TRIBUNE


PAGE 4. MONDAY, AUGUST 20, 2007


I I IIST HE IT


IN THIS column on Thursday we discussed
Mr Fred Mitchell's misguided plans to involve
CARICOM in the party politics of the
Bahamas.
According to Mr Mitchell he wants CARI-
COM to know that it was because of the Ingra-
ham government's indecisiveness that plans to
hold Carifesta in the Bahamas next year had to
be postponed to 2012. Of course, he had to get
his two-cents in first before the real kitty got out
of the bag that it was because of Mr Mitchell's
government's failure to use the two years notice
it had been given to prepare for the festival
that not enough time was left to get the town up
to an acceptable standard for such a splash.
Even Bahamians, who are usually the last to
complain, are voicing concerns about the run-
down condition of downtown Nassau, the air-
port and the general seedy look of the island.
There is just too much to be done to host a
2008 festival.
We suspect that Mr Mitchell's real concern is
that the festival will now be held in an election
year when Bahamians will be more interested in
the excitement of Caribbean music than listen-
ing to the vitriolic rhetoric from election plat-
forms.
Another matter of concern to Mr Mitchell is
a building in Harlem, New York, that has been
owned by Bahamians since the 1930s 77
years ago.
Now that the FNM are the government. Mr
Mitchell is concerned that this building is "at
risk."
"We made a decision while in office," he


THE Bahamas ranks 109 out of 191 countries
for healthy life expectancy, reported the World
Health Organisation recently. Communist Cuba
placed first in the Caribbean/Latin American
region with Jamaica, 36, St Vincent and the
Grenadines, 43, Antigua and Barbuda, 48,
Grenada, 49, Barbados, 53, St Lucia, 54, Trinidad
and Tobago, 57, the Dominican Republic, 79,
and St Kitts and Nevis, 86. If it hadn't been for
poverty-stricken Haiti, which was ranked 153rd,
the Bahamas the wealthiest of them all -
would probably have trailed the lot.
It is that wealth rather than the standard of
health care that is possibly this country's main
problem. The Bahamas is sufficiently affluent
to be overly self-indulgent.
Whether the PLP's cradle-to-the-grave health
insurance plan be introduced or the FNM's cat-
astrophic scheme, one only has to look into the


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said, "to support its full repair and rental in
support of the Bahamas American Association.
There appears to be a resiling from that com-
mitment on the part of the (Ingraham) govern-
ment. It is an asset worth in its unimproved
state $650,000. It was bought with the monies of
poor Bahamians in the 1930s, it can be improved
and worth some $2 million when finished but
the government needs to help. This commit-
ment cannot be abandoned."
It is understood that to get this property up
to standard the Bahamas government would
have to invest between $750.000 to $1.2 mil-
lion.
The proposal was that the Association would
rent the building back to government, or gov-
ernment would take it over and go into the
rental business itself.
Mr Mitchell says that the Christie govern-
ment had made a commitment to undertake
the building's full repair and rental. However,
we understand that nowhere in the working
documents left by that go ci nment is there a
notation of this commitment. We have been
told that just before the May 2 election an opin-
ion was delivered from the Ministry of Finance
to the committee appointed by the Christie gov-
ernment to investigate the proposal. "This
would be a most unusual transaction," said the
Ministry in the note that was attached to the
working papers.
Considering what has to be done here at
home with so many rundown government build-
ings so badly in need of repair, we agree \\ith the
Finance Ministry's findings.


Bahamian pot at a cook-out to know that neither
insurance plan will make an appreciable differ-
ence to the health of the average Bahamian. Not
only is the average fare a doorstep-size serving of
macaroni and cheese, greasy peas and rice. may-
onnaise-filled potato salad, pork chops, etc but
individual servings are enough for three or four
people. And then when they have had their fill.
there is the ubiquitous tin foil to wrap up twice as
much again for another feast at home.
If Bahamians would change their eating habits
and their lifestyles they could avoid a doctor's
office for many years. This country could even
top the charts for health if there was a national
will to live a healthy, moderate life.
A Bahamian's main problem is that he/she
lives to eat, rather than eating to live. Just think
about it. If you value your life, then decide to
enrich it by moderation.


The Tribune Limited
NULLIUS A DI)ICTUS.IURARE IN VERBAL MA (4ISTRI
Being Bound to Swear to T'he Dogmas of No Master

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-23.87
Nassau Fax: (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax. (242) 352-9348


A most unusual transaction?


EDITOR, The Tribune.
THE Bahamas has now
come to understand what the
PLP meant by "war". Former
Minister of Immigration
Shane Gibson mentioned war
recently when he spoke of the
results of the past election.
PLP leader Perry Gladstone
Christie told his followers to
go to work wearing their gold
tee shirts under their clothes in
the event they need, at short
notice, to demonstrate.
The PLP behaviour in the
House of Assembly and the
Senate leave a lot to be
desired. There is a plan to
frustrate the government and
disrupt the normal way we do
things. The crude and crass
behaviour by V Alfred Gray,
when he threatened to "break
up this place" referring to the
House of Assembly, left some
of us baffled. The retarded
outburst by Allyson Gibson
in the Senate, gives me the
impression that they are not
playing with a full deck
The disgusting and unpar-
liamentary behaviour of
Shane Gibson of "Anna
Nicole" fame exposed just
how childish and defiant he
was, by refusing to discontinue
use of his laptop. He was
asked to discontinue several
times by the Speaker, sending
the wrong signal to our youth,
that authority should be
respected.
Now, the PLP has crossed
the line. They, under the dis-
guise of a "sewer website",
have decided to threaten the
leader of the FNM and the sit-
ting Prime Minister of the
entire Bahamas, the Rt Hon'
Hubert Alexander Ingraham.
We must be reminded that Mr
Ingraham was duly elected by
the majority of Bahamians
regardless of what some delu-
sional minds may think.
The site that is the mouth-
piece for Fred Mitchell and
the PLP has caused Bahami-
ans to sit up and take special
note. Even though every
Bahamian believes they know
exactly who is responsible, we
must conclude that the site
was started by Mr Mitchell
and there is a great possibility
that he may have some influ-
ence with the content.
Cowards hide. Men usually
have the guts to confront or
be upfront. Men don't hide.
Men with confused personali-


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ties, usually come scratching
and clawing.
We must be careful of this
kind of temperamental behav-
iour, because the mood
changes are sometimes for no
apparent reason.
Bahamians and FNM
should not take the threat on
the Prime Minister lightly.
From what is going on it
seems clear that the PLP
intend to destroy the Bahamas
as we know it. They seem to
be hell bent on making us like
the Mideastern countries like
Iraq, Iran, Palestine and other


The PLP is now on a course
that cannot bear good fruit.
Most Bahamians cannot iden-
tify with "war". The usually
calm Bahamians, do not
understand why a political
party that was beaten "fair
and square" would not sit
down and try to save the few
seats that they won. They
should be seriously concerned
about the many PLP MPs who
are contemplating defection.
That should be their greatest
concern.
"God is on our side and we
are on God's side".
UNAFRAID FNM
Nassau,
August, 2007.


Earning US dollars at

home then patronising

Florida businesses
EDITOR, The Tribune.
THE interesting letter of Marcus Smith suggesting that we
need to get our financial house in order, especially as to the
ridiculous political policy of restricting certain areas of business
exclusively to Bahamians at all costs.
If you look at the newspapers of today the tabloid which
seems to be the media for foreign Florida businesses to adver-
tise in have 11 advertisements by the following Florida mer-
chants who are tapping into the Bahamian economy and prob-
ably little duty is being paid except on the big ticket items,
vehicles.
1) Car Plaza, Plantation
2) Payless Furniture, Hollywood,
3) Jumbo Auto-Truck Plaza
4) Dania Boat Sales, Dania Beach
5) Price Rite Furniture, Hollywood
6) Alaska Media. Miami Airport, office equipment. etc
7) Global Cellular, Miami
8) Henry Home Furniture
9) Wireless Complete, Miami
10) Stars Fashion, Miami Gardens
11) Certifiedcomp, Miami.
The truth that Mr Smiths' letter brings out is that we are
stupidly earning the US dollars at home and then patronising
Florida businesses to the detriment of ourselves and limiting the
potential new employment of hundreds.
We have had local furniture stores for years IT and office
equipment we have excellent providers car lots we have too
many of them boats, great a Bahamian owner is at a disad-
vantage if they want to sell second hand they compete with
the boat yard in Dania.
Is Mr Smiths' idea too radical to allow non-Bahamian business
people to enter the market as long as those businesses offer 49
per cent of their shares to Bahamians? I totally support this con-
cept with the correct due diligence (important to know that
the foreigner is not a fly-by-night or con-man) we could radically
alter the whole business sector and avoid the massive out-flow
of US cash.
T RUSSELL
Nassau,
August 16, 2007.


PLP on a course





that cannot





bear good fruit


Bahamians live to eat


Bahamas
aint

a Depot Prince Charles Drive
LDepo






MONDAY, AUGUST 20, 2007, PAGE 5


THE TRIBUNE


LOA6 NW


OIn brief


Cuban five
to make
latest plea
for freedom
* ATLANTA
THE five men convicted
of spying on behalf of Fidel
Castro's Communist gov-
ernment will ask a federal
appeals court in Atlanta to
reopen the case on Monday,
as the so-called Cuban Five
get another chance to make
their case, according to
Associated Press.
The 11th Circuit Court of
Appeals in Atlanta will hear
claims that the federal pros-
ecutors made a range of pro-
cedural mistakes, including
overemphasising Castro dur-
ing the 2001 trial. But the
court has already tossed out
an argument that anti-Cas-
tro bias robbed the five of a
fair jury trial in Miami,
which defence attorney,;
considered their strongest
appeal.
They were sentenced to
terms ranging from 10 years
to life in December 2001,
but the case has trudged
through the court system the
last six years thanks to a
round of appeals.
In August 2005, a three-
judge federal panel in
Atlanta tossed out the ver-
dicts, saying the five could
not receive a fair trial
because of anti-Castro bias
in Miami. Exactly a year lat-
er, the 11th Circuit Court of
Appeals reinstated the con-
victions, while also agreeing
to hear oral arguments on
Monday on other issues.
The government contends
its conduct was proper, and
noted that most of what is
being alleged as misconduct
passed without objection at
trial.


TRPIAL.


Harbour Island



students welcome



basketball court


* By TANEKA THOMPSON
STUDENTS at the Harbour
Island All Age School
(HIAAS) were presented with
a refurbished basketball court
courtesy of the Ministry of
Tourism in conjunction with the
Miami Heat basketball team
over the weekend.
The dedication ceremony in
Dunmore Town was attended
by MP for the area Alvin Smith,
Minister of State for Youth and
Sports Byran Woodside, as well
as representatives from the Mia-
mi Heat team, and students
from HIASS. The Heat's cor-
porate partner, Lifetime Prod-
ucts, donated two basketball
rims to the HIAAS as well.
"My hope and aspirations for
this court is that the young men
and women will utilise it prop-
erly and that one day we might
see some NBA stars come from
Harbour Island as a result of
this court," said Prescott Young,
manager of the Ministry of
Tourism.
"One thing that sport does
for kids is it actually teaches
them to be disciplined and I'm
quite sure as a result of this
court we should see some more
disciplined and well-rounded
youth in Harbour Island."
Miami Heat power forward
Udonis Haslem presented his
framed and autographed jersey
at the ceremony and led a read-
ing event with the children of
HIAAS.
Former member of the 1967
NBA champions Philadelphia
76ers and Heat community
affairs liaison man Wali Jones
was on hand to run the basket-
ball clinic for students of
HIAAS helped by Heat coach-
es Dan Craig and Pat Delany.
He spoke of his efforts over the
years to support Bahamian
youth in learning the funda-
mentals of basketball and


Miami Heat players and coaches

arrive for dedication service


E MIAMI Heat community
affairs liaison Wali Jones
speaking on Saturday of his
hopes that the new court
would help produce some
more NBE talent
(Photo: TimClarke/Tribune
staff)

stressed the importance of
incorporating education with
sports in an effort to positively
impact at risk youth.
"The emphasis to me is not so
much on the basketball as it is
to literacy. My emphasis...is
education, education through
sports," Mr Jones said.
"A few years ago I had the
opportunity to run a basketball
clinic in the northern end of
(Harbour) Island, and one of
the things we're emphasising
again in our 'Books and Bas-
ketball' clinics is the emphasis
on reading," he continued.
"So to have Udonis come and
sit here and read with the kids,
in my opinion is one of the most


important things you can have
for young people nowadays."
Dexter Cambridge, a native
of Eleuthera and a former play-
er for the 1993 Dallas Maver-
icks, was grateful for the refur-
bishment of the "legendary"
basketball court where he
played many years ago.

Discipline

Organiser of the Dexter
Cambridge Basketball Devel-
opment Programme, he reiter-
ated the importance of disci-
pline and sports involvement in
shaping the nation's youth.
"We have a mini basketball
league throughout the island
right now, and for these kids to
have positive guys helping
them...during the summertime
keeping them out of trouble,
that's something good for
them."
After the dedication cere-
mony, Minister of State for
Youth and Sports Byran Wood-
side spoke to The Tribune
about the government's plans
for further elevating local ath-
letes.
"We have increased the
national endowment for sports
to the tune of $2 million, and
that will go a long way in assist-
ing many of the sporting feder-
ations in the core sports in the
Bahamas," he said.
"Additionally, we are
amending the national sports
policy and we hope to create at
the end of the day a national
sports authority that will be the
true authority for sports in the
Bahamas."


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THE TRIBUNE


PAGE 6. MONDAY, AUGUST 20, 2007


Hurricane Dean plows into



Jamaica as Category 4 storm


' 1 1 4 f


* JAMAICA
Kingston
HURRICANE Dean plowed
into Jamaica as a Category-4
storm Sunday, after the prime
minister made a last-minute
plea for residents to abandon
their homes and head for shel-
ter. Many residents ignored the
call, however, while tourists


holed up in resorts with hurri-
cane-proof walls, according to
Associated Press.
The storm, which had already
killed eight people on its
destructive march across the
Caribbean, triggered evacua-
tion calls from the Cayman
Islands to Texas, and forced the
Space Shuttle to cut short its
mission. Cruise ships changed


course to avoid Dean, but some
tourists in Jamaica couldn't get
away before the island closed
its airports late Saturday.
Hurricane-force winds began
lashing Jamaica on Sunday
afternoon, according to mneteo-
rologist Rebecca Waddington
at the National Hurricane Cen-
ter in Miami. Forecasters said
Jamaica that would take a near-


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direct hit, with Dean's eye pass-
ing just to the south.
The government set up more
than 1,000 shelters in converted
schools, churches and the
indoor national sports arena,
and authorities urged people to
take cover from Dean, which
had sustained winds of 145 mph
and was expected to dump up to
20 inches of rain on the island.
But only 47 shelters were
occupied as the storm began hit-
ting, said Cecil Bailey of the
Office of Disaster Preparedness
and Emergency Management.
"For the last time, I'm ask-
ing Vou to leave or you will be
in danger," Prime Minister Por-
tia Simpson Miller said as the
storm loomed offshore.


* HIGH waves crash on the beach along the road from the
airport to Kingston, Jamaica on Sunday
(AP Photo)


As of 5pm on Sunday, the
storm was located 50 miles
south of Kingston and was trav-
elling west at 20 mph, according
to the National Hurricane Cen-
ter in Miami.
George Lee, mayor of the
Portmore community near the
capital Kingston, said appeals
to evacuate had gone unheeded.
Some islanders said they were
afraid for their belongings if


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ESadBeneI i

Send resumes to


they moved to shelters.
"Too much crime in
Kingston. I'm not leaving my
home," Paul Lyn said in Port
Royal., east of Kingston.
Assistant Commissioner of
Police Linval Bailey said police
were sent to commercial dis-
tricts to prevent looting and cur-
fews were imposed until Mon-
day evening. Authorities also
cut power on the island to pre-
vent damage to the electrical
infrastructure.
Many tourists who didn't get
flights out took shelter at places
like Sandals Whitehouse, a
resort that has buildings capable
of withstanding a powerful
storm. Trinice Tyler, a postal
worker from Lake Elsinore,
California, said she would
weather the storm there "on my
knees praying."
"I'm celebrating my 40th
birthday today, and it's going
to be a birthday to remember,"
she said. "I have mixed emo-
tions. It's exciting, but I'm ner-
vous. Am I going to make it
home?"
Earlier in the day, fishermen
hauled their skiffs inland and
cruise ships changed their course
to avoid the storm. Local media
reported that 17 fisherman were
stranded on the Middle Keys,
small islands about 90 miles
south of Jamaica. The Jamaica
Defense Force advised them to
break the padlocks off a build-
ing to seek shelter, Nationwide
News Network reported.
The National Hurricane Cen-
ter said the first hurricane of
the Atlantic season was pro-
jected to reach the most dan-
gerous hurricane classification,
Category 5, with winds of 160
mph before crashing into the
Cayman Islands on Monday
and Mexico's Yucatan peninsu-
la after that. The Mexican main-
land or Texas could be hit later.
The hurricane created mas-
sive waves and surges high as
20 feet as it passed the Domini-
can Republic on Saturday,
flooding roads and drowning a
boy. At least two people were
killed and about 150 homes
were destroyed in Haiti, emer-
gency officials said.


1. PARADISE CONDOMINIUMS
FAITH AVENUE_
LOT NO. 65
PROPERTY SIZE: Townhouse Unit 1
Faith Paradise Condominiums two storey
apartment Floor Area: 1,215 Sq. ft.
LOCATION: Eastern side of Faith Avenue
North/100 feet south of Hamster Road
APPRAISED VALUE: $154,000

2. GLADSTONE ROAD
LOT NO. O & P ,
PROPERTY SIZE: Split-level Residence &
3 Apartment Buildings. Property size -
8,700 sq. ft.)
LOCATION: Traveling north on Gladstone
Road fiom Carmichael Road, take 1st
corner on the right to Halls Close, property
on left side.
APPRAISED VALUE: $464,000


3. STAPLEDON GARDENS
SUBDIVISION
LOT NO. 544
PROPERTY SIZE: Residence with
Apartment attached (floor area 2,457
sq. ft./property size 9,600 sq. ft.)
LOCATION: South on Bethel Avenue take
2nd corner on right to Spitfire Road then
2nd corner on left to Gladiator Road and
2nd lot on right.
APPRAISED VALUE: $225,000


IlI


*L


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sI1


4. CARMICHAEL ROAD
PROPERTY SIZE: Single Family
Residence, 3 Bed/2 Bath (floor area
1,710 sq. ft./property size 11,988 sq. ft.)
LOCATION: 1st Asphalt Easement on right
after Bacardi Road (150 ft south off
Carmichael Road)
APPRAISED VALUE: $205,000

5. BELAIR ESTATES
LOT NO. 259
PROPERTY SIZE: Single Storey
Residence (floor area 1,566 sq. ft./
property size 6,000 sq. ft.)
LOCATION: Traveling east on Carmichael
Road from faith Avenue take the 4th corner
on the right, the subject property is the 4th
lot on the right.
APPRAISED VALUE: $186,000


VACANTLOTS'I


INTERESTED PARTIES SHOULD SUBMIT OFFERS TO PURCHASE (WITH TELEPHONE
CONTACT AND POSTAL ADDRESS) TO CHERRY MISSICK, P.O. BOX SS-6263, FAX NO.
393-2883, EMAIL: CHERRY.MISSICK@COMBANKLTD.COM, OR CALL 394-6465 FOR
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1. ENGLERSTON SUBDIVISION
LOT NOS. 10 Block 417
PROPERTY SIZE: Multifamily lot
(10,062 Sq. Ft.)
LOCATION: On Minnie Street 1050 ft
south of Homestead Avenue.
APPRAISED VALUE: $105,000


r I


I _


I


X; m '. --


-. .:..I;.~.I~


CARIBBEAN NEWS


" :"- ..... .-.-- m -; .


.A








THETRIBUNEMONDAYAUGUST20,2007,PAGELOCALNEW7


Singer and



TV star set for



wedding in



the Bahamas


AMERICAN R and B
singer and reality television
star Angie Stone is set to be
married in the Bahamas.
Ms Stone, who has
received several Grammy
nominations and stars in the
VH-1 reality show 'Celebrity
Fit Club', announced that
she has chosen the Atlantis
resort on Paradise Island as


:- -








Venezuela's Hugo
Chavez accuses
Washington of
trying to turn the
military against him
CARACAS, Venezuela
PRESIDENT Hugo Chavez
accused the United States on
Sunday of trying to turn
Venezuela's military against
him to undermine a constitu-
tional reform that could let him
govern for decades, according
to Associated Press.
Chavez, a former army lieu-
tenant colonel who survived a
short-lived 2002 coup, said his
domestic opponents are col-
laborating with the U.S. Cen-
tral Intelligence Agency to spur
another putsch.
"The conspiracy has already
begun. The messages are cir-
culating in the barracks. The
hand of the CIA, the empire, is
behind this," Chavez said on
his weekly radio and television
program. "They are trying for a
coup."
The Venezuelan leader did
not elaborate or give evidence
of the purported plot. He has
made similar accusations
before, which both opposition
leaders and U.S. officials
denied.
Last week, Chavez proposed
a constitutional reform that
would abolish limits on re-elec-
tion and extend presidential
terms from six to seven years.
But he denies opponents' alle-
gations that he wants to
become a lifelong leader like
his close ally Fidel Castro of
Cuba.
U.S. officials have not com-
mented on the proposal, but
Washington has repeatedly
accused the former paratroop
commander of consolidating
power and weakening
Venezuela's democracy.
Critics say Chavez's propos-
al would diminish possible
challenges to his authority by
curbing the powers of state
governors and mayors in favor
of local organizations called
"communal councils," which
depend on the government for
funding.
In typical style, Chavez
spoke for hours Sunday, send-
ing greetings to Castro and jok-
ing with Argentine soccer leg-
end Diego Maradona.
"Fidel, how are you?"
Chavez called out in English,
prompting loud applause.
Chavez said he spoke to the
Cuban leader on his 81st birth-
day last week and sent him a
painting of 19th-century inde-
pendence hero Simon Bolivar.
He denied recent rumors
that Castro is near death, and
said, "We will all die one day,
hut Fidel is ond of those who
will never die. He'll always be
present in our America."


the venue of her 2008 dream
wedding.
The 46-year-old star and
her fiance Ashanti, who
share the same deep reli-
gious convictions, decided to
tie the knot after only eight
months of dating.
"It is not too soon when
God chooses a man for you.
I wasn't looking for him and
he wasn't looking for me. I
walked into the airport and
he was working behind the
desk and the rest is history,"
she told Essence magazine.
"It was magic and we
courted over the phone
for about three
months and
when we finally
met, we just
hugged each
other and 1
knew this
was the
man I was I
going to I
spend the
rest of my I
life with and
vice versa.
He's an audi-
tor for an air-
line, a wonder-
ful father to his
two kids, my best
friend and a good
man as well," she
said.
T h e
soul


singer said that although she
has yet to set an exact date
for the wedding, she has
already made up her mind
that Atlantis will be the cho-
sen spot.
"I know we'll probably set
a date by the end of the year,
but I do know that we're
going to get married at
Atlantis in the Bahamas,"
she said.
0 R AND B singer
Angie Stone (AP)


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THE TRIBUNE


MONDAY, AUGUST 20, 2007, PAGE 7


ot)


"* i '. ..
*- .


Aiz1












SA'11T11 ~Capitalising on the


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 Thomipson family


* By Sir Ronald Sanders
( /'hc wriel' i a I/sile'ss e.xec-
tt i'e and former Caribbeal)n
diploniat)

AS India celebrated its
60th anniversary of
independence from Britain on
August 15th, the global invest-
ment bank, Lehman Brothers
lowered the country's 2007
gross domestic product forecast
to 9.1 per cent from 9.6 per cent.
If that's bad news, it is bad
news that every country in.the
world should welcome receiv-
ing about itself.
In any event, Lehman went
on to say that this drop in the
growth forecast was a mere blip
since "the country's structural
economic drivers are still intact"
and it should "bounce back" to
10 per cent growth next year
(see, report titled "Asia Ex-
Japan Weekly Economic Mon-
ilor").
Incidentally, the 9.1 per cent
growth now forecast for 2007
comes on the back of three
years of average growth of 8.5
per cent. No wonder all the pro-
jections indicate that by 2010,
the size of India's new middle
class will be 300 million, almost


equal 1o the entire population o
the United Slates.
01 course, it was not always
so. For decades after its indc-
pendence in 1947, India was
regarded as a backwater coun-
try, stricken by overwhelming
poverty and paralysed by the
sheer size of its one billion peo-
ple.

For decades after
its independence
in 1947, India was
regarded as a
backwater
country, stricken
by overwhelming
poverty and
paralysed by the
sheer size of its
one billion people.

In 1964, with more than a
degree of ruefulness, the
Trinidadian author V S Naipaul
(now Sir Vidya Naipaul and a
Nobel Prize winner for litera-
ture) described it in a famous
book of the same name as, "An


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THE TRIBUNE


PAGE 8, MONDAY, AUGUST 20, 2007


Aica ofl Darkness". Today, the
edges of that darkness are being
pushed back. revealing a
vibrant, versatile economy that
has taken advantage of modern
Information Technology and
the large investment made in
education since independence.

F or sure, poverty still
exists in India. Seventy
per cent of the population still
live in agricultural villages, and
severe hardship continues. But,
India seems no longer content
to live in a mire of hopeless-
ness; it sees in its future the for-
tunes of its past.
As one writer recently point-
ed out, "In the 18th century,
India had the biggest economy
in the world, larger than all of
Western Europe and the Amer-
icas put together". India's econ-
omy is on course for revival and
rejuvenation.
According to an Interna-
tional Monetary Fund (IMF)
report (April 2007), "India's
consumption/GDP ratio -
nearly two-thirds is one of
the highest in Asia, perhaps
reflecting a high share of dis-
posable income". The report
also states that investment is
buoyant from corporate prof-
its, exports are growing apace,
and real per capital income
should double in 13 years.
India is aware of its progress
and, increasingly, of its eco-
nomic strength. In the current
trade negotiations at the World
Trade Organisation (WTO),
India has emerged as a power-
house that cannot be ignored
in the bargaining that has taken
place amongst the globe's
biggest players.

T he G8 nations the
world's richest states-
are also keenly aware of India's
new economic strength. They
have considered India impor-
tant enough to invite its Prime
Minister, Manmohan Singh, to
their summit meetings, and to
take account of the government
of India's views.
All this is a far cry from the
period between 1838 and 1920,
when desperate conditions in
India caused tens of thousands
of Indians to travel to the


. W l

w ) "











Indian connection


WORLD VI


WOR LD VIW W


Caribbean in the aftermath of
the brutal system of African
slavery to work in harrowing
circumstances as indentured
labourers, causing one British
administrator to observe:
"Indentured labour really stinks
in my nostrils as a form of slav-
eiy that we ought really to be
ashamed of."
But that period, when Indians
travelled to, and settled in. St
Kitts, St Lucia, St Vincent,
Jamaica, Trinidad. Grenada,
Guyana and Surinam established
a viable link between India and
the Caribbean. Certainly, India
has since benefited from exports
to Trinidad, Guyana and Suri-
nam which have sizeable Indi-
an communities.
Both the Indian government
and Indian businesses have now
begun to take advantage of the
opportunities provided by lib-
eralization of markets.

T he Indian government
has relaxed its inter-
vention in, and regulation of the
economy, giving a freer rein to
both local and foreign investors
The private sector is thriving,
and while India has been the
beneficiary of foreign invest-
ment, the investment of Indian
companies abroad has been
much larger. Indian companies
have acquired significant com-
panies in Europe and the US
as well as invested in new ones
including in the tourism indus-
try. ,
Of course, India is not per-
fect. As Mark Tully, a long time
BBC correspondent in India,
has argued "imagine how fast
it would grow if the constraints
(ofpoor governance, as distinct
from government) were lifted."
India's achievement is all the
more remarkable because in its


()00 years of independence it has
maintained democracy; it has
held free elections: it has man-
aged virulent dissent: it has
coped with poverty; and it has
accommodated religious groups.

Indian
companies
have acquired
significant
companies in
Europe and the US
as well as invested
in new ones
including in the
tourism industry.

Few countries, other than those
ruled by force, could make such
a boast.
As the Indian Prime Minister
said, "No power on earth can
stop an idea whose time has
come (quoting Victor Hugo)


and the emergence of India is
one such idea. We have conime
flar and this idea is now an
accepted axiom.'
This new vibrant India,
which is arising from the back-
water of underdevelopment and
which is showing new courage
in owning in those countries
which once owned it, provides
an opportunity for the
Caribbean.

T he links that were
established by that oth-
er system of slavery called
indentured labour are a basis
for Caribbean countries to
encourage greater official and
private investment from India
in a range of sectors including
tourism, financial services, infor-
mation technology and alterna-
tive energy sources such as
ethanol.
Both Caribbean govern-
ments and the private sector
should seriously look to India
for the structured development
of trade, aid and investment
relations that could benefit both
areas.
Responses to: ronald-
sanders29@hotmail.com







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THE TRIBUNE


I






PAGE 10, MONDAY, AUGUST 20, 2007


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THE TRIBUNE




Thrnquest urges



police to be example



of traditional values


* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
ON HIS first official visit to ,
Grand Bahama as Minister of
National Security, Tommy
Turnquest oh Friday fold ,
members of the northern
Bahamas police that it is
imperative that officers obey 1
the law, while enforcing it.
"I especially want for police
officers to have unimpeach-
able integrity, so that no-one ,. .
could point a finger at you, o t
and so that you can be *
admired and respected by
society.
"I urge all police officers to
be an example of the tradi-
tional values and virtues we
embrace in our Bahamas, to
treat all with respect, and to
be respected in return. Above E NATIONAL Security and I
all, every police officer must Tommy Turnquest at Friday's
obey the law, while enforcing
the law," he said. practical and workable
Mr Turnquest assured offi- approach to welfare issues
cers that while he will be their affecting you and your fami-:
harshest critic he will also be lies, salary scales, improve-
their greatest advocate. ment in the facilities from
"I am committed to vigi- which you work, and legisla-
lance in my oversight and pol- tion matters relating to the
icy-making responsibilities for force," he said.
the force, as Minister of Mr Turnquest said he is
National Security," he said. especially committed to
The minister also empha- addressing "the constraints to
sised that his vigilance extends innovation, initiative and
to the terms and conditions action by the force."
under which police officers "Whether such constraints
serve the government and are in respect of human and
people of Grand Bahama and financial resources, opera-
the northern Bahamas. tional activities or equipment,
"It is in the context of your I am committed to supporting
terms and conditions of ser- viable policies and pro-
vice that we continue to grammes for effective polic-
review and address the prior- ing," he said.
ities you have identified," he Mr Turnquest said the
said. neighbourhood community
"We are working together policing programme is one
with the commissioner and hi such:yiable programme.
senior command in taking A "This programme, now


Immigration Minister
ceremony


coming into full stride in New
Providence, advocates both
continuity and change and a
more tactical and practical
approach to crime-fighting.
"Neighbourhood policing
seeks to ensure that there is
convergence between public
expectations of the police: the
co-operation the police
receives from the problem,
and the decisive action the
police takes," he said.
Mr Turnquest announced
that government has approved
the purchase of 80 new vehi-
cles primarily for use in this
programme, with the high vis-
ibility factor in mind.
"Yesterday we took posses-
sion of the first 10 of these
vehicles, two of which are
being sent here to Grand
Bahama. Of the total 80 vehi-
cles, 12 have been allocated
for Grand Bahama," he said.


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SHIFT expectations


E POLICE
Commissioner
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son addresses
officers and
introduces Min-
isler Turnquest
during Friday's
brief ceremony
at Police Head-
r quarters





r)-- 4 nc0r4a*4,cdt


MONDAY, AUGUST 20, 2007, PAGE 11


THE TRIBUNE








I 6'Ig-l


FROM page one Hurrf
Bahamian medical student at the Uni-
versity of the West Indies (UJWl) said island.
she was very disappointed with the One mother t(
government's decision and was only she was horrified
happy that her daughter had been able stranded in Kin
to make arrangements to stay with a wished the gove
family off-campus, more concern and
"I wouldn't want my daughter to the Bahamian sti
stay in that shelter. Especially after previous govemmi
reading what happened in shelters in when Hurricane
New Orleans in Hurricane Katrina, Jamaica.
and all the crime and looting that hap- Speaking with
pens in Jamaica. day, acting Prime
"From experience we know that ter of Foreign Aff
those shelters aren't very sanitary and said the govern
that the bathrooms break down," she tact with the Un
said. Indies (UWI) an
Jamaican Prime Minister Portia dents there sinceI
Simpson yesterday evening made a casters first predi
last-minute plea for Jamaicans to aban- jectory.
don their homes and seek the safety of Mr Symonette
hurricane shelters. government mad
More than 1,000 shelters were set up send a plane, he
nationwide, including at the Universi- UWI was provide
ty of the West Indies. for all the Baharn
The Jamaican government also He said that
declared a curfew and soldiers and advised, either dii
police officers patrolled the streets to er persons, that th
prevent looting and other crimes, available to them
Jamaica last night was expected to The mother
sustain a near-direct hit, with the eye of Bahamian media
the storm passing just south of thin had asked her dau

FROM page one

Carmichael Road area, was attacked by three dogs
and left in serious condition at Princess Margaret
Hospital.
The victim had to be rescued from the jaws of two
pitbulls and doberman pinchers by a neighbour who,
too, was bitten multiple times by the dogs.
In August, 2004, a five and a 13-year-old boy
were nearly killed by a pack of pitbulls.
As the three dogs mauled the boys in the street,
five other loose dogs in the Yellow Elder neigh-


icane

old The Tribune that
d that her child was
gston and that she
;rnment had shown
I sent a plane to bring
udents home, as the
lent had done in 2004
Ivan had threatened
The Tribune yester-
Minister and Minis-
airs Brent Symonette
ent had been in con-
iversity of the West
d the Bahamian stu-
last week when fore-
cted the storm's tra-
said that, while the
e the decision not to
was satisfied that the
ing adequate shelter
aian students.
all students were
rectly or through oth-
here would be shelter
n.
of the 24-year-old
cal student said she
fighter to come home,


offered to pay for the plane ticket and
even booked the last available flight
out of Jamaica for her daughter.
However, she said her daughter did
not want to risk missing her exams
next week and being penalised for it.
"Last time (the government)
brought all the students home, so no-
one was penalised, but this time my
daughter was the only one who would
have left, so she didn't want to get
penalised," she said.
The mother said she hoped gov-
ernment sends representatives to
Jamaica immediately after the storm
passes to ascertain the safety of all
Bahamian students. She also hoped
the government would keep students
safe when Jamaica faces elections on
August 27.
Former Prime Minister Perry
Christie, in his webchat yesterday, said
that when his administration was faced
with the same situation, "the PLP gov-
ernment thought it was prudent to
bring our people home to safety."
"We are different from the FNM in
this regard. The well-being of each cit-
izen will always be our priority. With
the potential ferocity of Dean, there
should be no hesitation on the part of
a caring government to bring our stu-
dents home to their concerned fami-
lies," he said.


Chased by dogs
bourhood joined in the attack.
One eyewitness at the time told The Tribune that
the dogs "tore chunks out of the kids" and "ripped
pieces of meat" from the youngster's legs. Both
children required surgery for their serious injuries.
Critics say scores of wild, or loose privately-owned
dogs roam Nassau, with authorities seemingly unable
or unwilling to address the problem.
The Tribune was unable to reach animal control
authorities last night.


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FROM page one
Supreme Court.
Acting Deputy Commissioner
Reginald Ferguson confirmed that
Mr Earns was promoted from con-
stable to corporal in the recent
major promotion exercise and now
works at police headquarters on
East Street.
Mr Ferguson further confirmed
that the matter is still lodged at the
Attorney General's Office.
After Jemnaine Mackey was shot
to death in 2002 an incident which
sparked the Kemp Road riot Mr
Earns was immediately transferred
to an office job and kept there with-
out any career advancements, his
former police partner Ricardo
Neely said in 2005.
The stand-off between angry
Kemp Road residents and police
resulted in thousands of dollars
worth of damage, including dam-
age to several police vehicles.
Two years later the matter final-
ly came to a close before a seven-


Police officer
member jury at Coroner's Court in
March, 2005.
The six-woman, one-man jury,
returned after two hours delibera-
tion, finding Mr Earns guilty of
manslaughter.
Mr Earns, at that time a police
officer for 10 years, told The Tri-
bune in 2005 that he was surprised
by the verdict, but that his spirit was
not broken.
"It's in God's hands and I have
nothing to hide," he said.
According to court documents,
on December 6,2002, officers Earns
and Neely were in the St James
Road area on mobile patrol when
they first approached Jermaine
Mackey.
The officers said Mr Mackey fled
from them arousing their suspicion
and prompting them to pursue.
Shortly after the chase, Mr Mack-
ey was found in a parking lot with


several gunshot wounds to his
body.
Mr Earns gave evidence that he
thought Mr Mackey was armed with
a gun and that he had to apply force
to defend his life.
Officer Neely, who was cleared of
any connection to the charge, said in
2005 that although he had been pro-
moted since the incident, his for-
mer partner was not given any
chances at career advancement.
"He's a good officer and it's so
unfortunate that this happened,"
Mr Neely said in 2005.
According to the Bahamas con-
stitution, article 119, section five,
power to make appointments in the
police force below the rank of
inspector is vested in the commis-
sioner of police, acting after con-
sultation with a police promotion
board.
Power to make postings and
appointments on transfer within the
force is also vested in the commis-
sioner, according to article 119, sec-
tion six.


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THE TRIBUNE


PAGE 12, MONDAY, AUGUST 20, 2007







THE TRIBUNE MONDAY, AUGUST 20, 2007, PAGE 13


SOCALNEWS


FROM page one


fered another defeat in 1997, 1 would hope itha
we are a wiser part\ toIday tIhen we were tIhen."
Mr Sears said.
Speaking as a guest on the (lMNIS 10.t) lNI
radio talk show 'ell It like It Is" with Scan
McWeenev vesterda evening, the olt (''lair-
lotte MP said the PIl.P couIld have still been the
government today had it made some difficult
decisions.
"'Quite frankly, had we made the hard deci-
sions ill government we would still be governl-
ment and if we don't make the hard decisions in
opposition we will stave in opposition, so the hall
is really in the hands of the PLP," he said.
Asked if he himself would consider olffetring
for leadership of the PLP leading into the next
general election, Mr Sears did not answer direct-
ly, but said that in a democratic institution, like
a political party. it is very difficult for any leader
to anoint a successor, although "there is no doubt
that an incumbent leader has lot of influence."
Last week The Tribune quoted high-placed
sources in the PLP who claimed that former Prime
Minister Perry Christie had chosen Mr Sears to
be his heir-apparent to lead the PLP into the next
general election.
Mr Christie, however, in his weekly webehat
yesterday, denied this claim.

'Mother' Pratt
FROM page one M
ing down, caused the fire to erupt
in one of the bedrooms.
With smoke becoming visible
from a window, neighbours rushed As a pri
to the scene, broke a window and Compan'
threw pails of water on the blaze in the Ba
until firefighters came and even-
tually put it out. for the pi
"Everything was destroyed in
the room just about," said Mrs
Pratt, "And it was a miracle from
God that it did not come through
the roof and spread to the house
that is just near in the back, as the
whole block (of houses) would
have been gone."
Mrs Pratt expressed gratitude to The in d
neighbours who fought the fire, Caterpilla
and those who came by afterwards Backhoe
and helped her clean up. Bahama
"Thank God for the neigh-
bours," she said, adding: "They experier
know that I am not home at that repairing
time of the day that's church Electricit
time. And I thank God for that, for this po
they came to church and called
me." in mecha
When The Tribune arrived oil
the scene two men were assisting Send cor
Mrs Pratt clean the walls and ceil-
ing of the room that was signifi- experien(
cantly damaged. Nassau E
The strong smell of smoke was Departrr
still evident several hours after the
event, though Mrs Pratt said that
the help of neighbours with the Only pe
clean-up will most likely enable position
her and her family to remain at
the residence.


Alfred Sears
"Although Alfred Sears could make a;i capable
leadcl, iL'ihre is no truth to the story in Th'/ ri-
bumll '," h.e Slid.
Mr Se'ars, talking more about t(lie future o
the P'l' yesterdaIv, said there needs to be a
resltrucltt ing and a re-sharpening of the party's
message and that some hard decisions need to be
made internally so that thlie base of the party can
be expanded.
lie said he hopes that the PLP will "have a
frank internal review why we lost" before the
party's next national convention.
The future leadership of the party, Mr Sears
said, will depend on what the national council
and the convention determines.
"MNlv position is I support the leadership of
my party," he said.
However, Mr Sears said that any person who
emerges as successor, "whenever that occurs
should be someone who would have earned his or
her leadership and is legitimate by a wide
cross-section of the party and certainly I think the
era of the divine right of kings is long behind
us.
He added: "We are part of a democratic insti-
tution and those that have that aspiration (for
leadership) will have to battle it out," he said.


vately-owned, mid-sized Bahamian
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mnplete resume with education and work
ce to M & E Limited, P. O. Box N-3238,
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rsons being interviewed for this
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THE TRIBUNE


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THE TRIBUNE


PAGE 14. MONDAY, AUGUST 20, 2007


. Students attend maritime forum


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NINETEEN Bahamian stu-
dents in the Bahamas Maritime
Cadet Corps (BMCC) have tak-
en part in a one-week leader-
ship forum in New York.
The forum was hosted by the
State University of New York
(SUNY) and comprised sessions
focused on public speaking, goal
setting, executive etiquette, sail-
ing, kayaking and field trips
designed to expose the student
to various career options.
Places visited by the cadets
included the New York Mer-
cantile Exchange, NBC Studios,
South Street Seaport Museum
and the United Nations, where
students met with the Bahamas
consul Ed Bethel.
The forum culminated with an
award ceremony at the SUNY .
campus in which all 19 students


received a leadership certificate
of completion and a letter of
commendation for the tertiary
institute of their choosing.
The BMCC is a programme
instituted under the Bahamas
Maritime Authority, which falls
under the Ministry of Maritime
Affairs, to introduce and pre-
pare high school students from
grades 10 to 12 for employment
in the maritime industry.
The Royal Bahamas Defence
Force also participates in the
programme with tenth-graders
being taught. first aid, coastal
navigation, discipline and vessel
husbandry while eleventh-
graders continue their training
in first year topics with addi-
tional instruction in basic fire
SEE page 15


Chavez accuses US of trying
to turn military against him


* VENEZUELA
Caracas
PRESIDENT Hugo Chavez
said Sunday that the United
States is trying to turn Venezue-
la's military against him to
undermine a constitutional
reform that could let him gov-
ern for decades. US officials
have denied similar accusations
in the past, according to Asso-
ciated Press.
Chavez, a former army lieu-
tenant colonel who survived a
short-lived 2002 coup, said his
domestic opponents are collab-
orating with the US Central
Intelligence Agency to spur
another putsch.
"The conspiracy has already
begun. The messages are circu-
lating in the barracks. The hand
of the CIA, the empire, is behind
this," Chavez said on his weekly
radio and television program.
"They are trying for a coup."
The Venezuelan leader did
not elaborate or give evidence
of the purported plot. He has
made similar accusations
before, which both opposition
leaders and US officials denied.
Last week, Chavez proposed
a constitutional reform that
would abolish limits on re-elec-
tion and extend presidential
terms from six to seven years.
But he denies opponents' alle-
gations that he wants to become
a lifelong leader like his ally
Fidel Castro of Cuba.
US officials have not com-


mented on the proposal, but
Washington has repeatedly
accused the former paratroop
commander of consolidating
power and weakening Venezue-
la's democracy.
Critics say Chavez's proposal
would diminish possible chal-
* lenges to his authority by curb-
ing the powers of state gover-
nors and mayors in favor of
local organizations called "com-
munal councils," which depend
on the government for funding.
Chavez also said Venezuela
will purchase thousands of Russ-
ian-made semiautomatic rifles
with telescopic sights as part of
preparations for a possible guer-
rilla-style war against the United
States. He warned US soldiers
that they would become targets if
the United States were to invade.
He said "thousands and thou-
sands" of night vision goggles also
would be bought, then switched
into English: "Yes sir, because I
am going to see you in the night
too." Gesturing as if he were aim-
ing a rifle, Chavez said: "Boom!"
Under Chavez, Venezuela
has purchased US$3 billion
worth of arms from Russia.
In typical style, Chavez spoke
. for more than six hours Sun-
day, sending greetings to Castro
and joking with Argentine soc-
cer legend Diego Maradona.
"Fidel, how are you?" Chavez
called out in English, prompt-
ing loud applause. Chavez said
he spoke to the Cuban leader
on his 81st birthday last week.


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FROM page 14
fighting and practical expo-
sure to life at sea during school
breaks.
Twelfth-graders are further
exposed to life at sea and
become internationally certified
by taking the standards of train-
ing certification and watch
keeping course conducted by
the Bahamas Maritime Train-
ing Institute and held at the
RBDF base.
The programme began in
January, 2004, and presently
more than 150 students are
enrolled.


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2 Lots 1A Acres $250,000 each
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Contact Ervin Knowles:
Phone: 242-393-0316
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Fax: 242-393-0940
Email: ervinknowles@yahoo.com
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RBC Royal Bank of Canada is pleased to announce the appointment of two key managers for its
Bahamas operations. "These appointments reflect RBC's commitment to identifying talented
Bahamians for leadership roles in its Commercial Financial Services operations"
-George Roache, Vice President, Commercial Financial Services, Caribbean Banking

SBrian Knowles appointed Senior Account Manager
SICommercial Financial Services


RBC Royal Bank of Canada
Mr. Knowles joined RBC in
May 2000 as a Management
Trainee attached to the
Bahamas Regional Office. He
has held several management
positions within RBC including
Manager, RBC Airport Branch;
Credit Risk Manager; Manager,
Spanish Wells Branch and
Account Manager, RBC
Commercial Financial
Services.


In his new position as Senior
Account Manager, he will be.
responsible for managing a
number of large commercial
accounts in New Providence
and Grand Bahama.
Mr. Knowles is married to
Charon Knowles and the
couple has two sons; Ezekiel
and Ethan and one daughter;
Abigail.


Jerome R. Pinder appointed Manager, Executive Banking
Commercial Financial Services


RBC Royal Bank of Canada
Jerome Pinder joined RBC Royal
Bank in 2001 as an Account
Manager for RBC's Palmdale
Branch. He has held several
management positions including
Assistant Manager, Mortgage
Loans at RBC FINCO's Main Branch
and Manager. Personal Financial
Services at RBC's IFK Branch.
Jerome holds a Bachelor of
Science Degree in Business
Administration with a major in


Finance from the University of
Alabama, Huntsville.
In his new position as Manager,
Executive Banking he will be
responsible for providing financial
solutions for RBC's large personal
and executive accounts, both
domestic and international.
Jerome is married to Rachel Pinder
and the couple has two daughters;
Savannah and Summer.


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


TEACHERS WANTED
The Meridian School is a small, friendly and welcoming school for children between the
ages of 2 12. Using the Calvert curriculum our aim is to provide children with optimum
learning experiences through hands-on, explorative lessons. We work hard to maintain high
standards and to educate our students as independent, confident and creative learners. We
are extremely proud of our school, its staff and students and take pride in knowing that our
children love coming to school and are eager to learn and do their best. Our classes contain
a maximum of seventeen children with a teacher and a teachers aid.

We are looking to fill a few positions. The position are as follows:
Year 1 Substitue Teacher to cover a maternity leave and teach all academic areas of the
curriculum. Long term opportunities a possibility.
Required: Bachelor's degree or higher and a minimum of 2 years teaching experience.

Techer's Assistant to aid in classroom management.
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 Mattres, Co.


+


I


About RBC Royal Bank of Canada
Royal Bank of Canada has a longstanding presence in the Bahamas, with operations first established
on November 2, 1908. Today, it boasts a retail network of 23 branches throughout New Providence and
the Family Islands, a Commercial Banking business centre, and 37 automated banking machines.




ww~rroylan. -aibe-


MOvNDAY, AUGUST 20, 2007, PAGE 15


THE TRIBUNE


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PAGE 16, MONDAY, AUGUST 20, 20P'


THE TRIBUNE


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MONDAY, AUGUST 20, 2007, PAGE 17


THE TRIBUNE


Festival works on



shark diving image


* SOUTH AFRICA I
Gansbaai


BLESSED with clear waters
and a high concentration of
great white sharks, this sleepy
fishing town has become the
self-proclaimed capital of cage-
diving plunging underwater
in a sturdy cage for a close-up
look at one of nature's greatest
predators, according to Associ-
ated Press.
But the multi-million dollar
industry is increasingly the tar-
get of critics who say it is teach-
ing sharks to associate people
with food by luring them to
boats with hunks of bait.
So local shark tour operators
hosted a Great White weekend
festival to persuade locals that
there is no link between attacks
on humans and the industry that
has transformed their town into
a draw for adrenaline junkies.
Suspended in underwater
cages and gasping with amaze-
ment from boats, locals were
treated at cut-rate prices to the
spectacle of lithe creatures glid-
ing elegantly through the lucid
waters of Shark Alley, named
for its unusual density of great
white sharks attracted to a near-
by colony of 40,000 seals.
On shore, children donned
cardboard shark hats and
watched a local theater compa-
ny perform a shark-related play,
while conservationists sought to
educate visitors about the
mighty predator.
Gansbaai or Goose Bay is
an unassuming town of a few
hundred people about two
hours from Cape Town. It lacks
the chic stores and smart hotels
of nearby Hermanus, famed for
its whale watching.
But Gansbaai claims that its
great whites the only type to
survive in the frigid waters here
- are more accessible than those
at resort areas in California and
Australia, which also have thriv-
ing shark tourism industries,
because they are so close to the
shore.
But the industry has a bad
image. One person is killed by a


* A GREAT white shark swims around the boat during a shark
festival in Gansbaai, South Africa
(AP Photo)


shark every two years in South
Africa. Experts say the number
of shark-related incidents will
probably increase because more
people are surfing, kayaking
and swimming than before, but
many locals say that the cage-
diving industry is to blame.
A report last year from
experts at the World Wildlife
Fund South Africa and govern-
ment conservationists said there
was no evidence linking attacks
on humans and the industry.
But it did warn tour operators
to stick to the rules and not to
provoke sharks into aggressive
behavior.
Operators attract sharks -
which have a powerful sense of
smell with a mixture of blood
and fish remains, a practice
known as "chumming" and
encourage it to stay near the
boat by dangling a large fish in
the water. In Gansbaai, eight
companies have government
permits to operate shark cage
diving and spotting tours. A
code of conduct states the ani-
mal must not be harmed or
rewarded with food if it comes
to the boat.
Operators acknowledge this
does sometimes happen
through a mixture of the shark's
speed and stealth and the crew's
carelessness.
"Watch the bait! watch the


bait!" skipper Johannes van der
Merwe yelled repeatedly to pas-
sengers and his crew on a trip
Saturday, when sharks around
10 feet long came within touch-
ing distance of the boat in
search of a tasty bit of fish.
It was an awe-inspiring sight,
and a far cry from the terror
invoked by "Jaws," the 1975
film that portrayed the great
white as an indiscriminate
killing machine. Even so, the
close encounter proved too
much for a cage occupant who
was copiously sick after he
emerged from just under the
water's surface.
There are few precise figures
on the number of great whites
left in the world. Estimates talk
of around 1,200 off the South
African coast, although these
are unreliable because of the
vast distances the sharks swim.
South Africa was ihe first
country in the world to declare
the great white a protected
species in 1991 13 years before
international conservation bod-
ies declared it to be endangered.
Alison Kock, with the Uni-
versity of Cape Town's shark
research unit, says there should
be independent monitors on all
the cage-diving vessels to ensure
they don't feed the sharks or
tease them into coming too
close.


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PA 18. fMONDAY, AUGUST 0, 2007..THE.TRIBUNE
LOA NW


The Chicken

Cordon Bleu!


We've Added French Accents to


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


Stars turn out

for V festival


* BRITISH singer Lily Allen
performs at the V Festival at
Hylands Park in Chelmsford,
England on Sunday
(AP Photo)


* PINK
performs
on the V
Stage dur-
ing the V
Festival
(AP
Photo)


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+


THE TRIBUNE


PAGE 18, MONDAY, AUGUST 20, 2007


,-7


0000








THE TRIBUNE


MONDAY, AUGUST 20, 2007, PAGE 19


MONDAY EVENING
7:30


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8:00 8:30


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AUGUST 20, 2007

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


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Group performs to music. (N) Cl


Two and a Half (:31) Rules of
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movie star on the verge of exposing
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I WTVJ wood (N) (CC) Takei; Chelsea Handler; Tom Green; ration becomes a frightening night tors use forensics to discover the
Shannon Elizabeth. (CC) for many. n (CC) truth at crime scenes. (N) a (CC)
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Jeopardy! (CC) Wife Swap "Browne/Robinson" A Fat March The marchers pass the Supernanny "Walker Family" Jo
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THE TRIBUNE


PAGE 20, MONDAY, AUGUST 20, 2007


INERATINLNW


Climate change activists


camped near London's


Heathrow airport begin


a


* LONDON
CLIMATE change activists
who have been massed in
camp near London's
Heathrow airport for a weel
marched Sunday to the site o:
a proposed new runway to
highlight concerns over the
impact of aviation on the envi
ronment, according to Asso
ciated Press.
Hundreds have attended the
"climate camp" set up in a
field north of Heathrow's
perimeter fence near the loca
tion for a third runway at
Europe's busiest airport.
After a week of seminars
talks and video presentations
organizers said Sunday would


of direct action


s Police say around 1,000

k have gathered at field


f
o
e


e
a
s
t

d


be a day of "direct action".
Police said around 1,000
people had gathered at the
field. They said small groups
of protesters had started to
march toward the village of
Sipson where the new run-
way is expected to be located,
and near to the offices of air-
port operator BAA PLC.
Organizers said that they
would not disrupt passenger
travel, and called on police to
behave proportionately.


But there were minor scuf-
fles as police officers ringed
the protesters slowly march-
ing along the country lanes
surrounding the airport.
Police, armed with batons,
lined up around BAA's head-
quarters in readiness for the
arrival of the protesters.
A fifth terminal is scheduled
to open at the airport in
March 2008, and the govern-
ment has proposed the third
runway to open around 2020.


* ENVIRONMENTAL activists march off the camp site near Heathrow Airport in London, Sunday, Aug.
19, 2007. Environmental activists have been gathered near Heathrow Airport in a week long Climate
Action camp to protest against the expansion of Heathrow Airport. BAA is the British Airports Author-
ity, the Spanish owned company that now owns all three of London's major airports. (AP Photo)


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THE TRIUNE MODAYIAGUSTN20T2007,PAGEW2


Pope says he's




sending envoy to



Peru following




earthquake


: :Yx;



'.1


* CASTEL GANDOLFO, Italy

POPE Benedict XVI said Sunday that he is
sending his top aide to quatKL stlricKen Peru as
a sign of his concern, according to Assocaiat-
ed Press.
"In these days our thought s and our prayers
are constantly centered on ihe population of
Peru, struck by a devastating earthquake,"
Benedict told tourists and pilgrims at his sum-
mer residence in Castel Gandolfo, in the
Alban Hills outside Rome.
"For the many dead I invoke the peace of
the Lord," Benedict said. referring to the
more than 500 victims of Wednesday's mag-
nitude-8 quake.
He also said he was praying that the injured
make a swift recovery.
"For those who are left in miserable condi-
tion, I assure that the Chuiich is with you,
with all its spiritual and material solidarity,"
the pontiff added.


The Vatican's secretary of state, Cardinal
Tarcisio Bertone. "who for some time had
been planning to visit Peru, will go there in the
next few days to bi ing the witness of my sen
timent and the concrete aid of the Holy See.
the pontiff said.
Bertone said he will go on Thursday
to Peru. the Italian news agency
reported from the ,Adriatic beach resort town
of Rimini, where the cardinal had celebrated
Mass to open a Catholic convention
there.
Benedict did not say how much aid the Vat-
ican would donate, but the Holy See fre-
quently gives financial assistance after natur-
al disasters.

POPE Benedict XVI greets faithful
from a window of his summer residence in
Castelgandolfo, in the outskirts of Rome,
Sunday, Aug. 19, 2007. (AP Photo)


Peru president vows

to rebuild city, soldiers

arrive to quell looting


* PISCO, Peru
PERU'S president vowed on
Sunday to rebuild this southern city
devastated by last week's deadly
earthquake, and said 1.200 soldiers
were patrolling the rubble-strewn
streets to put an end to the looting
that compounded Pisco's troubles.
according to Associated Prcss.
Rescuers continued to seaiclh
wrecked buildings \ ith sound
detectors and infrared cameras. but
held out little hope for survivors
President Alan Garcia who ha,
.b.eenin Ul1 dISdl CI IIIC dlI MIILL
Thursday and has taken diilect ion
trol of aid operations: said the gov-
ernment was pitCpaniig plans to
rebuild Pisco, which lost 85 per-
cent of its houses to Wednesday's
magnitude-8 quake. Officials say
the quake killed at least 540 people
in towns along Peru's southern
coast.
"We have many homes, fisher-
men's wharfs to rebuild." said Gai-
cia. He said the government would
provide basic two-bedroom homes.
A survey released Sunday
showed that 76 percent of Lima's
residents, at least, approved
Garcia's management of the dis-
aster.
The poll by Apoyo had a margin
of error of 4.4 percentage points.
Garcia accused the media of
exaggerating reports of looting. He
said desperation compelled some
people to grab food as it was being
distributed from trucks.
"That gave an impression of rob-
bery, of looting, which in very few
cases actually occurred," he said.
"But you could say that despite a
few small incidents, order has been
reestablished."
He said 280 air flights had
brought 600 tons of food and other


supplies and navy ships had
brought potable water. "No one is
going to die of thirst or hunger in
these cities," he said.
Long lines emerged sponta-
neously in the streets of Pisco on
Sunday as official and non-official
aid groups parked trucks and dis-
tributed water, food, clothing and
othei supplies.
Most appeared orderly, though
on Saturday. some people who had
line up 500-deep screamed thec
had not eaten and rushed an Arnim
truck when it ran oin .1 kh i'k
-1', .,d) dy cii InilC tiC pa.pel itl ,as
distributing at a soccer stadium.
Garciae on\ed Saturday to re-
establish ordei re'Cat.lcss ol what
it costs "
Garcia said Sunday that the
troop presence in Pisco had
increased from 400 to 1,200.
Dozens of soldiers patrolled the
downtown armed with assault
rifles, and there were no reports of
attempted looting since Saturday.
Authorities set up food distribu-
tion points in Pisco but very little
aid seemed to be arriving to the
estimated 80,000 people in the
three cities most affected by the
quake.
Planes that initially carried the
injured to Lima were now being
used to ferry supplies to the vic-
tims. Garcia's Cabinet chief. Jorge
del Castillo, told El Comerico
newspaper.
But Miguel Soto, a police officer
keeping guard in the stadium, said
many trucks with food were not
getting through.
He said food donated by one
Lima district had been sacked on
the traffic-clogged highway before
it could reach Pisco.
"These are just people taking
advantage."


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THE TRIBUNE








PAGFF-- 99 MONDAY AUGUST 20. 2007


THE TRIBUNE
r


Crew prepare

to land on

Tuesday as

precaution

* HOUSTON

SPACE shuttle Endeav-
our undocked from the
international space station
a day early on Sunday, as
NASA kept a wary eye on
Hurricane Dean, according
to Associated Press.
Space agency managers
worried that the storm
would move toward Hous-
ton and force them to evac-
uate to a smaller-staffed
makeshift control center at
Cape Canaveral, Florida.
The Endeavour crew pre-
pared to land on Tuesday
as a precaution.
"Endeavour departed,"
space station commander
Fyodor Yurchikhin said as
ringing bells heralded the
shuttle's parting, a tradi-


tion borrowed from the Scott and Endeavour
Navy. crew," station resident
"Thanks for everything, Clay Anderson said to


shuttle commander Scott
Kelly. "Godspeed."
"We couldn't have got-
ten everything accom-
plished without you guys,"
Kelly replied.
"We look forward to see-
ing you back on planet
Earth."
The shuttle crew. which
includes teacher-astronaut
Barbara Morgan, had been
at the orbiting outpost
since Aug. 10.
In that time, they
attached a new truss seg-
ment to the station, deliv-
ered cargo and replaced a
failed gyroscope, which
controls the station's ori-
entfition.

Schedule
They have had to com-
press their schedule to get
ready for the early undock-
ing. Morgan, who was
Christa McAuliffe's back-
up on the tragic 1986 Chal-
lenger mission, was sched-
uled to talk to students
in Massachusetts on Sun-
day but that chat was can-
celed.
A spacewalk on Saturday
was shortened so the astro-
nauts could wrap up their
work at the station. Dur-
ing that jaunt, the space-
walkers saw the eye of the
enormous hurricane
swirling in the Caribbean
and expressed their amaze-
ment at the sight.
The astronauts also
skipped flying around the
station after undocking to
take pictures of the com-
plex, an exercise NASA
likes crews to do if the


E IN THIS image provided b% NASA, Canadian astro-
naut Daue \,illianim is seen during the final of four space
walks on the international space station, Saturday, Aug. 18,
2007. Astronauts aboard the shuttle Endeavour and the inter-
national space station on Saturday embarked on the last
spacewalk of their joint mission, an outing that was scaled
back because of approaching Hurricane Dean. (AP Photo)


schedule and fuel supply
permit.
One thing that remained
in theii schcduli was a
close-up lasc i suiv e o
Endeavour's wings and
nose cap, to check for any
possible micrometeroid
damage. The astronauts
pulled out the shuttle's
100-foot (30.5-meter)
robotic arm and extension
boom and begap inspecting
their ship afewilT gh after
undocking...
Although* it was unetr-
tain whether Dean. a Cate-
gory 4 storm, might strike
the Texas coastline late
this week. NASA managers
said it would be irresponsi-
ble not to cut the mission
short, especially since most
of the tasks had been coni-
pleted.
"I would defy just about
anybody to tell ime at this
point that there's .zero or
even extremely low proba-
bility or possibility that the
storm is going to come
here," said LeRoy Cain.
NASA is ready to rush a
skeleton crew of flight con-
trollers to Cape Canaver-
al, but only if the shuttle
cannot land Tuesday for
some reason and the hur-
ricane is bearing down on
Houston and threatening
the city for several days,
Cain said.
"That's a fairly. I hope.
unlikely scenario simply
because all those things


have to line up," he said.
In 26 years of space shut-
tle flight, NASA never has
had to call up an emer-
gency Mission Control,
although it has been prac-
ticed.
NASA's hurricane delib-
erations followed a deci-
sion to forgo shuttle
repairs.

Gouge

Mission managers con-
cluded earlier this week
that a deep gouge on
Endeavour's belly posed
no Columbia-like threat to
the seven crew members
during re-entry and also
would not lead to lengthy
postflight shuttle repairs.
For several days, man-
agers had considered send-
ing two astronauts out with
black protective paint and
untested goo to patch the
3.5-inch(8.9-centimeter)-
long. 2-inch(5-centimeter)-
wide gouge that dug all the
way through the thermal
tiles.
The gouge was caused by
debris that broke off a
bracket on Endeavour's
external fuel tank during
liftoff Aug. 8. Engineers
still do not know whether it
was foam insulation, ice or
a combination of both. In
any case. NASA said it will
not launch another shuttle
until the longtime trouble-
some brackets are fixed.


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,!I








THE TRIBUNE..........

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THE TRIBUNE


PAGE 24, MONDAY, AUGUST 20, 2007


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business@tribunemdia.t Miami Herald Business, Stocks, Analysis, Wall Street


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Colinalmperial.


S *' S


First Caribbean Bank: Journal, Guardian




stories. 'did not capture all relevant facts'


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
First Caribbean Bank yes-
terday took offence at
several media outlets
regarding their response
to problems at two local
branches.
In a press release yesterday. the
bank said that while they did experi-
ence a malfunction of the air-condi-
tioner at the Bay Street location last


week, stories appearing in the
Bahama Journal and the Nassau
Guardian, "did not capture all rele-
vant facts" on the incidents occurring
at the Bay Street and Charlotte
House locations.
The bank said it hoped the Nassau
Guardian would contact its offices
before running stories to ensure a
complete and accurate account is
made available to the public.
"It is correct that we had a mal-
function of the air-conditioning sys-
tem at our branch yesterday and it is
also correct that our landlord's tech-


nicians were on site fixing the prob-
lem, which was repaired and opera-
tional within 30 minutes of your inter-
view with the Bahamas Financial Ser-
vices Union president.
"No doubt the reporters whilst at
the site should also have noted that
the bank had portable air-condition
units running, fans. as well as cool
drinks for the staff," said First Car-
ribean of the story appearing in the
Guardian.
"'The bank encouraged staff to step
outside for breaks a few at a time so
that service to our customers could


continue while the system was not
operational. It is therefore not cor-
rect that there was a walk out/walk off
the job. Additionally, please note that
our landlord has provided confirma-
tion that a new air condition system is
due for delivery and installation short-
ly and in the meantime has committed
to keeping the existing system opera-
tional."
First Caribbean said there was also
a report of an incident at Charlotte
House involving a foul smell on
Thursday, August 16.
"When we received this report we


immediately dispatched our premises
personnel to investigate. Investiga-
tions revealed that there was an odour
caused by work being done by the
landlord in the adjoining premises
not related to First Carribean.
"We immediately reported the mat-
ter to the landlord and the work
therein ceased," the bank said.
First Caribbean stressed: "We wish
to reiterate that we value the health
and safety of our staff and customers

SEE page 7


- .. Dean 'blows' ships to Nassau


M CRUISE ships docked at Prince George Wharf, New Providence


(Photo: Felipe Major/Tribune Staff)


Italian representatives in joint

tourism partnership talks


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
REPRESENTATIVES of
the Italian Ministry of For-
eign Affairs have been to the
Bahamas to discuss the
potential of a joint tourism
partnership between the two
countries.
The high-level delegation
met with the Ministry of
Tourism and Aviation to dis-
cuss the countries' shared
tourism experiences and also
other local officials to discuss
agriculture and trade, as well


as international relations.
"We are pleased to wel-
come the Italian delegates to
The Bahamas, and are'happy
that they have selected us as a
potential partner for joint
tourism initiatives and
tourism education," said
Under Secretary of Tourism
and Aviation, Lorraine Arm-
brister.
The city of Milan also
made an offer to The
Bahamas of two master's
degree scholarships for qual-
ified applicants to undertake

SEE page 12


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Bahamas will receive
an unexpected financial wind-
fall this week as an estimated
20,000 cruise passengers will
arrive in Nassau, their cruise
itineraries being diverted here
to escape Hurricane Dean.
As a result of the storm's
presence in the Caribbean sev-
en cruise ships will be calling
into Nassau between today and
tomorrow.
Michael A Hall, operations
manager for the Central and
Southern Bahamas Global
United Limited, Nassau Car-


:.-. Nassau Exuma


nival's and Royal Caribbean's'
Bahamian's agent, announced
that the follow ships have been
diverted here today:
The Carnival Miracle, the
Carnival Valor, and the Car-
nival Inspiration. On Tuesday,
the Carnival Legend will call,
and on Wednesday, Royal
Caribbean's Enchantment of
the Seas, and Rhapsody of the
Seas and Carnival's Imagina-
tion of the Seas are expected
to arrive.
According to Tourism
Director General Vernice
Walkine, the diverted cruise
schedule means that an esti-
mated 20,000 unexpected visi--'
tors will arrive in the Bahamas
over the next few days, boost-


*Abaco *Freeport *


ing the economy by tens of
thousands of dollars in depar-
ture tax, shore excursions,
restaurant and souvenir shop-
ping.
Further, Ms Walkine noted
that, depending on the action
of the storm, it was possible
that more ships could be
diverted to the Bahamas later
on in the week.
She explained that the Port
Department had scrambled to
ensure that all the cruise ships
had berths and were able to
be accommodated.
The Straw Market, which
had been scheduled to be
closed for cleaning, will remain
open to. accommodate the
cruise passengers.


Cayman


Life and Health Insurance Mortgage Lending Retirement Planning


Gross Domestic Product

sees growth in 2006


THE country's gross domes-
tic product (GDP) grew by an
estimated 4.2 per cent in cur-
rent prices and 3.4 per cent in
constant prices last year,
according to the National
Accounts Report 2006 released
by the Department of Statis-
tics.
The report contains infor-
mation on the GDP, output,
intermediate consumption,
depreciation, wages and
salaries by industry, consump-
tion by government and house-
holds, and investments in cap-
ital formation, exports, imports
and gross savings.
Ms Clarice Turnquest,
supervisor of the National


Accounts Section and senior
statistician, said the data is pre-
sented in current market prices
(the prices of each respective
year) and in constant prices
(removing the effects of infla-
tion and leaving in changes due
to quality and efficiency).
"The GDP is the most wide-
ly accepted economic indica-
tor used to track the perfor-
mance of a nation, and it offers
a comprehensive insight into
the health of the Bahamian
economy," Ms Turnquest told
reporters.
During 2006, she said, the

SEE page 9


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AP GE 2B MONDAY, AUGUST 20, 2007


THE TRIBUNE


British American Financial appoints

Mrs. Roy-Ahn Ford, ACS

as Manager, Customer Services

British American Financial announces the appointment of Mrs. Roy-Ann Fol as Manager, Customer
Services, In this role she will spealhead the new "customer senc thrust" of the Company, holding
responsibility for the effective Management Mentoring, Supervision and training of the Company's
frontline Customer Service Representatives.
Mrs. Ford previously served In both the hsunce and Hospitality Industries proiing exceptional
leadership in'the areas of administration, customer relations, human resources, and insnce
operations having served previously as Chief Operations Officer designate of another major Insurance
company. She has successfully completed her Associates In Customer Service (ACS) nsurance
designation from LOMA and Is presently pursuing a BA degree in Management & Maeing atNova
Southoastern University.
In making the announcement, Mr, I. Chester Cooper, President & CEO remarked "Mrs. Fordnbfings a
wealh of customer se/ce expertise and insurance indusyexlflence to the team, H#erecIruitment
speaks to our re-commitment to providing our clients with level of svice that is second-to-none.
We woe elome Roy Ann to ie British American Family."



242-461-1000 | www.babfinancial.com .l 1itish
Freeport 242-352-7209 Exuma 242-336-3035 Abaco 242-367-5601 ...............Amer a
F I N A N C I A L














POSITION VACANCY

Pepsi Cola Bahamas, an affiliate of Pepsi Americas, Inc., the second
largest anchor bottler for Pepsi-Cola is searching for highly motivated,
ambitious team players to fill the following positions:

3 SMALL FORMAT PRESELLERS

3 LARGE FORMAT PRESELLERS

2 BULK DELIVERY DRIVERS

Qualified candidates must posses the following:

Education:
* High School Graduate or equivalent

Personal:
* Results oriented
* Team player
* Excellent interpersonal skills
* Process oriented
* Problem solver
* Ability to multi task
* Dependable
* Analytical skills

The incumbent will be responsible to complete a selling or delivery route
daily and service his/her customers in a very efficient manner according
to the Company's standards and expectations. He/she needs to be flexible
and capable to effectively interact with customers and will also be
accountable for properly handling all Company's tools assigned to perform
the job.

A competitive salary and benefits package will be offered to the successful
candidate. If you are interested in being part of a dynamic, growing
international company, please mail or email resume to:

Human Resources Manager
Pepsi Cola Bahamas Bottling Co., Ltd.
P. O. Box N-3004
Prince Charles Drive
Nassau, Bahamas
Fax: 364-2123
e-mail: human.resources@pepsibahamas.com


Pay attention to




your technology


operating a
bricks and mor-
tar, or virtual
business, you will need to pay
attention to your technology. If
you are not technically liter-
ate, this could be a challeng-
ing area for you to get right.
Unfortunately, technology
is the backbone to the success
of your eBusiness, and you will
need to properly address the
following areas:
Computer Platform: Do you
want to use a MAC or PC to
do your work on? Both have
advantages and disadvantages.
A lot of eCommerce programs
are only written for PCs. How-
ever, if you like using Macs,
the latest versions will support
a Windows platform when you
download virtual PC software
like Parallel.
Server Platform: A server is
a computer system that pro-
vides services to other com-
puting systems over a network
on a full-time basis. Servers are
used for serving web pages,
hosting your database, fax pro-
gram, e-mail program, files and
even games. You will need to
choose an operating system
and whether you are going to
run one dedicated application,
or share several applications
on one server.
E-mail Client: How you
retrieve your e-mails is impor-
tant. You have several choices,
each requiring different levels
of technological savvy from
you. You can use a web mail
account like Yahoo or Hot-
mail, or an e-mail client like
Outlook, Outlook Express, or
Mac Mail. It is better to use
an e-mail client, as you will be
able to keep all your e-mails
on your laptop and view them
at any time. If you choose to
use an e-mail client, then you
can either keep your e-mail
client on your desktop, or on a
server.
Internet Access: There are
several ways your computer
can access the Internet, but the
most common is to sign up to
DSL or Cable broadband. If
you don't care about your
upload or download speeds
you can sign up to a Dial Up
service with or without an
accelerator like Onspeed. It
comes down to cost. If you are


"1% I Business
ii Sense

1 .4 4 _._, _


serious about eBusiness, and
you need to use Internet tele-
phone, then you will need to
take out a broadband sub-
scription.
Software: There is a wide
selection of software available
for almost any application
from accounting to customer
relationship management, to
generating lists, to creating
auto responders to shopping
carts to security software to
packaging eBooks. Ask an IT
professional or webmaster for
advice on choosing what's right
for you.
Hosting: If you have a web-
site, you will want to make sure
it is up and running 24/7. It is
unlikely you will be serving
your web pages from a server
under your bed, so you need to
decide on a suitable hosting
company. Talk to other Inter-
net entrepreneurs and get their
recommendations for hosts
that have business clients. Shop
around for the best deal after
you consider (a) the speed
your web pages will be deliv-
ered to your customers, (b) the
space you will be getting to
host and scalability for future
expansion, (c) the level of secu-
rity such as firewall, security
audits, secure transactions, (d)
the level of reliability and
whether they can survive a
power outage or other type of
disaster, and whether they
back up your data to another
server, (e) the level of technical
support and whether it is avail-
able 24/7, (f) secure access if
you are maintaining your own
dedicated server and (g) free
tools such as website creators,
online promotion, and track-
ing software.
Security: The security of
your computers, servers and
data is paramount if you want
to be up 99 per cent of the time
and gain the confidence of
your customers. A small secu-
rity problem could close down
your website or communica-
tions. Make sure at the very


least that you have firewall
software to stop hackers, anti-
virus software to protect you
against viruses, anti-spam soft-
ware to stop spammers,
encryption software for your
shopping cart, and back-up
software to protect your data.
You will also need software to
protect your website so that its
content can't be altered by
someone else, its database
can't be spidered, and that
your data remains confidential
and only available for your use.
Maintenance: Just like a car,
you will need to have a
mechanic available should any
maintenance problems arise.
Will you be maintaining your
own servers, or will you pay
the hosting company to fix any
problems as they arise? Will
you have IT support for your
office computer equipment
and software? Make sure you
budget this into your plan, as
there is nothing more frustrat-
ing when your e-mail goes
down, or your vital software
applications stop responding.
Tracking Software: If you
have visitors -coming to your
site, you will need some sort
of software to show who came,
how many came, how many of
these were unique visitors,
what pages they viewed and so
on. If your hosting company
doesn't provide tracking soft-
.ware, then use a product such
as Google Analytics, or Bliz-
zard Tracker to track your site
statistics.
Acceptable Use Policy:
Decide what can and can't be
done in your business. Decide
what your standard software
applications are going to be,
what browsers are allowed to
use, what software can be ,
downloaded, whether chat ji.
allowed and so on. Think this
area through, so that your
employees know what is
expected from-them. Google -
the Internet for Internet Usage
Policies and adapt them for
your own purposes.
Your technology will be
vital to your success. Don't be
an antipreneur and ignore the
many areas which you will
need to get right. Make sure
that you spend sufficient time
on this area, as it will pay large
dividends for your future busi-
ness success.


"Nirciin the needs of .advertisers
and readers motivates miuc to do
a good job. The Tribune is
my newspaper"
ESTMER BATM
PRMCT M4ANftOER



The Tribune


i


~z~ t~i~b tJ1IY~ZBIYISBI~















BUSINESS __


ihde M iami ural e' MONDAY, AUGUST 20, 2007


WALL STREET



Fed's moves don't erase subprime, credit worries


BY JOE BEL BRUNO
Associated Press
NEW YORK The Federal
Reserve swept into the market this
past week to offer a calming hand,
but that's still no panacea for the fun-
damental problems Wall Street faces.
Big institutional investors from
hedge funds to investment banks are
still wrestling with credit problems
spawned by distressed subprime
mortgage loans. The housing market
still looks gloomy. And the wave of
takeovers that drove stocks to new
highs this year has dropped off con-
siderably.
the Fed's discount rate cut and
injection of billions of dollars into the
banking system alleviate only some
of the stress. Wall Street observers
say there is still plenty of risk out
there and that the aftershocks from
the failure of billions of dollars in
subprime loans have yet to be felt.


"What the Fed did was about con-
sistent with putting a Band-Aid on a
gunshot wound," said Chris Johnson,
founder of Cincinnati-based Johnson
Research Group. "You have a situa-
tion where the subprime concerns
have spread, and there are still a lot
of things going on in this market that
are just wrong."
Investors are really hankering for
a more important interest rate cut -
in the federal funds rate when pol-
icymakers meet next month. That
would lower borrowing costs on
everything from school loans to
mortgages, and also help stimulate
the economy. But there's a catch
even with a fed funds cut it would
would take months for the benefits lo
be felt.
Investors must also take into
account that it's the dead of August
- not exactly a time of the year
known for big market comebacks. Its


one of the worst kept secrets on Wall
Street that August through October
is a rough period for stocks, and one
better known for corrections and
crashes.
Moreover, reverberations from
the subprime mortgage crisis are
expected to be felt in the months
ahead. There are some that argue the
problem has hurt financial markets
niuch more than was warranted, but
the fact remains that the nation's
financial institutions have been hurt-
ing because of it.
"There are still so many
unknowns out there," said Greg Gil-
bert,, president of Oakland, Calif.-
based Infinity Financial Services.
"'lere's :~ lot of ugly loans out there.
You're not going to see JPMorgan or
Ciligroup go bust over this, but they
are going to take an earnings hit."
Banks and mortgage lenders that
have been hit directly from their


exposure to subprime loans include
Washington Mutual and Country-
wide Financial. Bigger institutions,
like Goldman Sachs and Bear Stearns,
have been pinched by the market vol-
atility that ensued.
On Wednesday, Countrywide said
it borrowed $11.5 billion from a group
of 40 banks to help stem losses and
stay afloat. The nation's largest mort-
gage lender had previously raised
money by issuing bonds and other
debt backed by the mortgages it sells
- but a global flight to safety has all
but dried those markets up. The com-
pany set off another wave of heavy
selling on Wall Street.
And the pain for lenders like
Countrywide isn't expected to go
away anytime soon. Over the next
year and a half, monthly payments on
some $600 billion of subprime mort-
gages are scheduled to rise sharply as
their two-year loans reset. This could


trigger foreclosures for already
strapped borrowers, and in turn
flood the real estate market with
even Imore vacant homes.
This past week also saw Goldman
Sachs tell investors that three hedge
funds it manages were socked by
market volatility, and required a $3
billion infusion of cash. Meanwhile,
Sentinel Management, a $1.5 billion
cash-management firm, said it halted
redemptions from investors wanting
to exit one of its funds.
The Fed's moves were designed to
make it easier for these financial
institutions to operate. In fact, even if
credit and debt worries deepen,
global banks will likely come out
ahead by snapping up distressed debt
at bargain prices.
"I've always said this, the big dogs
get to eat first," Gilbert said. "But, for
the rest of us, the problems are still
out there."


GLOBAL RESOURCES


Dutch prince favors


Food over biofuels


JIM LANDERS/MCT
WILLING AND ABLE: Marta Perez L6pez and her daughter weave garments to sell in their small
enterprise, which they fund with microfinancing.


THE LITTLE LOAN


THAT COULD-

MAINSTREAM BANKERS ARE BEGINNING TO GET
INTERESTED IN MICROFINANCING

BY JIM LANDERS
Dallas Morning News

SAN CRISTOBAL DE LAS CASAS, Mexico Give a poor woman a
loan to help her weave skirts or bake tortillas, and soon her business,
her family and her self-image improve.


So it was with Esparanza Perez
Garcie, 52, who sells tacos and
other foods at her little restaurant
in the artisans' marketplace here.
Her one-room kitchen and dinette
faces a covered patio that fills with
noise as southern Mexico's rainy
.season sends its daily deluge spill-
ing down the mountains. Custom-
ers welcome the shelter, and the
qpesadillas and chalupas sell for 50
c nts apiece.
Garcie, her sister and her daugh-
ter have turned their $600 loans
from Al Sol (Alternativa Solidaria
Chiapas), a lender supported by
developer Lucy Billingsley and
other Dallas women, into small
profits. Interest on the loans works
out to 36 percent a year steep,
but better than what the banks
offered. "Al Sol bless them,"
Garci e said. "The banks don't want
to help me. I don't know who
they're helping. It's not the poor, or
those 'who need it."
That may be changing. Small
profits are, after all, profits. Com-
mercia.1 banks are beginning to
show interest in uncollateralized
small loans for the poor that until
now were the province of philan-
thropists.
Some of the philanthropists,
meanwhile, are working to lure
profit-seeling capital.
"Over the next 10 years, I think
this field is going to explode like
crazy," said Roy Jacobowitz of
Accion International, another non-
profit with hundreds of microfin-
ance outlets across Latin America.


It started making small loans in 1971
in Recife, Brazil.
This could be good news in the
fight to reduce poverty around the
world.
Microfinance is one of the few
broadly successful strategies for
helping the poor. It gives the poor-
est entrepreneurs access to the cru-
cial financial tools of capitalism as
well as the support of peers who
offer advice, fellowship and
pressure to make sure the loans are
paid back.
Money not repaid by one entre-
preneur often must be raised from
other members of the group.
Accion International has lent
$12.3 billion over the years to 4.9
million women and men.
Al Sol operates under the direc-
tion of the Grameen Foundation, a
U.S. foundation inspired by Gra-
meen Bank. The bank was started
in 1976 by Muhammad Yunus of
Bangladesh. Since then, Grameen
has lent $6.2 billion to more than 6
million borrowers. Last year's
Nobel Peace Prize went to Yunus
and his bank.
Although there's no collateral
for such loans, both Grameen and
Accion say repayments average
better than 97 percent. Both groups
target women rather than men,
because women have proved more
likely to invest their earnings in
their families.
Billingsley is one of the backers
for a $32 million guarantee fund for
Grameen Foundation loans that's
being administered by Citicorp.


S


AND DO

The Washington-based foundation
hopes to attract enough backers for
a $50 million guarantee fund by the
end of the year.
Both Grameen and Accion also
have microfinance chapters in Dal-
las, where they make small loans to
low-income businessmen and
women.
In 2003, Billingsley took 30 Dal-
las women to Chiapas to see the
poverty and the work of Al Sol.
They went home and raised
$790,000 for Al Sol's lending capi-
tal, which now goes to more than
12,000 women in the state. The
women use the loans to grow their
businesses, from weaving skirts, to
emiboidering or running tacquer-
ins.
"When she succeeds, she has
increased self-worth," Billingsley
said. "On the family side, when a
mother is a success, her children
see new opportunity and hope
through her eyes."
Hundreds of millions of other
poor people could benefit from
programs like these, but they
haven't spread that far because,
some argue, microfinance has
relied too much on donors. If main-
stream bankers are persuaded that
microfinance is a profitable busi-
ness, capital should no longer be a
problem.
But there's a tension between
the profit-seekers and those who
feel it's wrong to profit from the
poor.
Alex Counts, president of the
Grameen Foundation in the United
States, isn't so eager for the arrival
of traditional banks: "I always won-
der whether that's good news or
bad news."
While commercial banks might
skim off some microfinance cus-
tomers who are less wealthy than
their usual clients, Grameen affili-
ates go to the poorest first, Counts
said. "We want to start at the abso-
lute bottom and build up to where
the banks left off," he said.


BY KARL RITTER
Associated Press
STOCKHOLM, Sweden Dutch
Crown Prince Willem-Alexander
warned against diverting water
resources from food production to
biofuels, saying Wednesday that
feeding people is more important
than fueling cars.
"Biofuels is a great way to support
our Western way of life, but it's not a
necessity for mankind to survive.
Food is," said Willem-Alexander,


Demand for biofuels, such
as ethanol made from corn
or sugar cane, is growing
amid efforts to reduce
greenhouse gas emissions
from vehicles and power
plants.


who chairs the U.N. secretary-gener- The crown prince warned that the
all's advisory board on water and sai- world is failing to meet U.N. goals to
wi.tatio .-<**. --.w ale.tha.proportionnof people lac4-.-_,,
Demand for biofuels, such as etha- ing basic sanitation by 2015.
I nol made from corn or sugar cane, is About 2 million children die every
growing amid efforts to reduce year of diarrhea, mostly because of
greenhouse gas emissions from vehi- unsafe water supply and poor sanita-
cles and power plants. tion, according to U.N. estimates.
But focusing scarce water "The way we are going now with
resources on growing crops for bio- sanitation, we are definitely not on
fuel production instead of food could the right track," he said.
backfire as the world population "Water and sanitation plans
grows, he said. hardly feature in any poverty reduc-
"The amount of water needed to tion strategy papers."
produce the biofuels for a tank of an He said about 2.6 billion people
SUV equals the amount of water still lack access to basic sanitation,
needed to feed one person on grains many of them in sub-Saharan Africa.
for a whole year," Willem-Alexander However, he added that the issue
told The Associated Press on the is starting to gain the world's atten-
sidelines of the World Water Week tion, with the U.N. General Assembly
conference in Stockholm. declaring 2008 the International Year
"It's fine to replace fossil fuels of Sanitation.
with biofuels, but first find an alter- Scientists, U.N. agency represen-
native for food production, say a new tatives and professionals from more
green revolution reducing by half the than 130 countries are meeting in
amount of water needed in agricul- Sweden this week to discuss the
ture." world's water needs and sources.


FREDRIK PERSSON/AP
VITAL RESOURCE: Dutch Crown Prince Willem-Alexander takes a break
outside the Stockholm City Conference Centre during the World
Water Week conference.


8/10/07 7:18 18PM


MEXICO


ill I ,L L- I BBRi~Ffi~B~ -_ ,


O0PG6B.pdf 1











INTERNATIONAL EDITION MONDAY, AUGUST 20, 2007 4B


PAI) AI)VIERTISEMINT N 'l



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6 15 yr Fix 0/0 $0/300 5% 6.09
6.5 30 yr Jumbo 0/0 $0/300 5% 6.59
6 5/1 ARM 0/0 $0/300 5% 6.1
100% PURCH
INTEREST ONLY LOANS
(B) 6921 34th Ave. West, Brodenton, FL 34209 LIC#10MBB101021

AMERICAN EAGLE FINANCIAL, INC. 866-344-7374
www.AEFMortgages.com
1 1% Fixed Pay 0/0 $0/250 5% 5.34
6.5 30/10 Int. Only 0/0 $0/250 5% 6.54
6 5/1 Int. Only 0/0 $0/250 5% 6.08
7.625 30 yr Jumbo 0/0 $0/250 5% 7.67
A DIVISION OF CFSB. ASK ABOUT OUR 1% PROGRAM
WITH FIXED PAYMENTS FOR 5 YEARS.
(A) 1431 PotomacAve., Pittsburgh, PA 15216 LIC#419973/401440

AMICUS MORTGAGE GROUP 877.385.4238
www.Amicusmortgage.comrn
6.375 30 yr Fix 0/0 $0/300 5% 6.49
1 Pay Option -100% 0/0 $0/0 0% 1.12
6.875 Manufactured HM 0/0 $0/300 5% 6.99
CALLAND LOCK YOUR RATE ANYTIME SATURDAY OR
SUNDAY AND WE'LL PAY FOR YOUR APPRAISAL. LENDER
PAYS ALL CLOSING COST ON PAY OPTION LOANS.
(A) 6001 Grelot Rd., Suite F Mobile, AL 36609 LIC#327022

BARON MORTGAGE CORP. 800-696.SAVE (7283)

BMC BARON MORTGAGE
C'. . YOUR LENDER FOR LIFETM

6.125 30 yr Fix/Conf 0/2 $20/350 500 6.27
5.625 15 yr Fix/Conf 0/2 $20/350 5. 5.89
6.875 30 yr Fix/Jumbo 0/2 $20/350 500 7.03
5.75 5 yrARM Conf. 0/2 $20/350 5"o 7.15
6.25 5 yr ARM Jumbo 0/2 $20/350 5%o 6.85
WRITTEN PRE-APPROVALS IN 10 MINUTES OR LESS
FOUND TO HAVE THE BEST MORTGAGE RATES
BY MONEY MAGAZINE, KIPLINGER'S
AND CONSUMER REPORTS.

800-696-SAVE (7283)
www.baronmortgage.com
(A) 4901 SW 80 St., Miami, FL 33143 LIC#CL010012

BEACON FINANCIAL RESOURCE GROUP, INC. 305-234.0800
www.BFRGROUPcom
6.5 30 yr Fix 0/0 $0/350 500 6.63
6.25 15 yr Fix 0/0 $0/350 500 6.45
6.25 Interest Only 0/0 $0/350 500 6.37
1.2 Option ARM 0/0 $0/350 50o 7.06
Reverse Mtg's, Interest Only, No Doc, All Credit Types, No PMI,
Constr, Lot, Equity, Foreign Nat'l, Jumbo, Commercial, Pay Option.
(B) 14411 S. Dixie Highway. Suite 227. Miami, FL 33176


305-598-7700


Chase offers a variety of Mortgages, including Fixed Rate,
Adjustable Rate, Interest Only, FHA and VA, First Time home-
buyer and many other Loan Products. For more information
please call one of our branches below: Kendall: 305-598-
7700/Coral Gables: 786-552-6501/Key Biscayne: 305-365-8844/
Aventura: 305-682-9034 Dadeland: 1-866-255-0709
(C) 8500 SW 117 Rd, Suite 130, Miami. FL 33183

CHOICE ONE MORTGAGE CORP. 305-259-7433
www.choiceonemortgagecorp.com
ATTENTION SENIORS
GET THE FACTS ON: REVERSE MORTGAGES!
NO MORTGAGE PAYMENT FOR LIFE
FREE DVD AVAILABLE
(305)259-7433 / (800)547-0006
L/O's Inquiries Welcome.
(C) 18400 Franlo Rd., Cutler Bay. FL 33157 LIC#ML0700111


COMMERCEBANK, N.A.


6.375
6
7.75
6.75


30 yr Fix
15 yr Fix
30 yr Jumbo
5/1 ARM


305-460-8585
www.commercebankfl.com
)/1 $16/300-. ,10% 6. 6,.
)/1 $16/300 10%,. .6.43
0/1 $16/400 20/'' 7.89
)/1 $16/300 20% 7.48


Down payments as low as 3.0%0 are available; call for quote.
(C) 220 Alhambra Circle, Coral Gables, FL 33134


PROGRAM DISCORIGPTS CRRPTIAPPRFEES % N APR


COUNTRYWIDE HOME LOANS
www.countrywide.com
For Rate Information, please call one of the branches listed below:
-Kendall 305-598-9898
*Surfside 305-861-2019
*Pinecrest 305-671-0444
-Miami Beach 305-532-8884
*Downtown Miami 786-425-5312
*Sunset 305-630-5792
*Dadeland US1 305-670-7275
*Coral Gables 305-446-0886
*Doral 305-597-5393
-Miami Lakes 305-820-3180
14160 Palmetto Frontage Rd. #31, Miami Lakes, FL 33016
-Miami Lakes 305-512-7100
15150 N.W. 79 Court #175, Miami Lakes, FL 33016
0 Equal Housing Lender. 2007 Countrywide Home Loans, Inc.,
4500 Park Granada, Calabasas, CA 91302. Trade/servicemarks are the
property of Countrywide Financial Corporation and/or its subsidiaries. For
Florida properties only. Some products may not be available in Florida.
This is not a commitment to lend. Restrictions apply. All rights reserved.
(A) 4500 Park Granada, Calabasas, CA 91302

EASTERN FINANCIAL FLORIDA CU 866.22-VALUE OR 866-228-2583
www.effcu.org
Whete you have good credt or have expeenced some difailt periods, our Mortage oerscan show you
the benets of an Eastern Financial Mogage. We offer competitive Rates under the o pogamns':
I Up to 40 yr fixed rate loans. I Up to 30 yr ARM loans (1 Yr, 3-1, 5-1, 10-1)
I Vacant Land Loans I Investment Loans I Stated Income Loans
I Special First Time Homebuyer with NO points, NO PMI and 100% financing
*Some restrictions apply. CALL US TODAY
(E) 3700 Lakeside Dr., Miramar 33027

EUROBANK 305-350-1100
www.eurobankfl.com
FIRST TIME HOMEBUYERS WELCOME!
6.625 40 yr Fix* 0/0 $20.20/300 0% 6.65
6.5 30 yr Fix* 0/0 $20.20/300 0% 6.53
6.375 15 yr Fix** 0/0 $20.20/300 0% 6.43
"480/"360/**180 monthly payments
APR based on $275K/Restrictions apply
) 1901 Ponce de Leon Blvd., Coral Gables, FL 33134


GMMORTGAGE


1.5
6
6.5
6.125


30 yr Flex Pay
15 yr Fix
30 yr Jumbo
40 yr Fix


800-661-3632
gmmortgages.com
$14/300 10% 6.95
$14/300 5% 6.19
$14/300 5% 6.62
$14/300 0% 6.23


SPECIAL INCENTIVES FOR 1ST TIME BUYERS
(B) 5975 Sunset Drive. Suite 704, Miami, FL 33143 LIC#CLB0300827

HOME FINANCING CENTER 800-700-3000
www.homefinancingcenter.com
,.,Sp0iakElP.0LE,E.loan programs available up to $80K.in.gov't subsidies'
.*LEGAL PROFESSIONALS HEALTHCAREE WORKERS
*'AIRLiFtE INDUSTRY *PUBLIC/PRIVATE TEACHERS
'POLICE & FIREFIGHTERS *POSTAL & CITY/COUNTY
*MILITARY PERSONNEL 'Incld. staff, admin, faculty, the court
system & its service providers.
(A) 1390 S. Dixie Hwy., Coral Gables, 33146 MLS#0100179


FIND MORTGAGE RATES LENDERS, PARTICIPATE


& INFORMATION

ON THE INTERNET

24 HRS A DAY @

http://mherald.interest.com


IN THIS FEATURE CALL

BANKRATE.COM

SALES DEPARTMENT

@ 800-509-4636


This is the week of the asterisk. Barry Bonds'
756th home run gets an asterisk, and mortgage
rates get an asterisk, too.
Rates on conforming mortgages fell this week,
for the third week in a row. Conforming mort-
gages are home loans within the maximum loan
size that Fannie Mae and Freddie Mac may buy
- $417,000 this year.
Loans for more than the conforming limit are
called jumbo mortgages. That's where the aster-
isk comes in: Even as rates on conforming loans
settled lower, rates on jumbo mortgages have
risen sharply in the last week or two.
The benchmark 30-year fixed-rate mortgage fell
5 basis points to 6.66 percent, according to the
Bankrate.com national survey of large lenders. A
basis point is one-hundredth of 1 percentage
point. The mortgages in this week's survey had
an average total of 0.25 discount and origination
points. One year ago, the mortgage index was
6.57 percent; four weeks ago, it was 6.78 per-
cent.
The benchmark 15-year fixed-rate mortgage fell
5 basis points to 6.33 percent. The benchmark
5/1 adjustable-rate mortgage rose 19 basis points
to 6.55 percent.


Most rates decline, but jumbos rise By Holden Lewis Bankrate.com


The jumbo 30-year fixed-rate mortgage sky-
rocketed, climbing 22 basis points to 7.35 per-
cent.
In a normal market, rates for jumbo loans tend
to move in the same direction as rates for con-
forming loans. But credit markets have been
abnormal lately. Similar to a pair of magnets with
like poles pushed together, jumbo and conform-
ing rates are repelling each other. Rising jumbo
rates have helped push conforming rates lower
and vice versa, until they reach an equilibrium
that changes frequently.
Jumbo rates are rising because investors now
believe that borrowers are going to default in big-
ger-than-previously expected numbers. That's a
problem all by itself, but it's made worse by
uncertainty over the extent of the problem. The
most troublesome jumbo mortgages come from
borrowers who got the big loans without docu-
menting their incomes. Investors don't know
how many of these stated-income mortgages arc
in each loan pool, so they have trouble estimnatingt
the extent of the risk.
In the argot of Wall Street, the market has trou-
ble differentiating asset quality. Mortgage
investors are like pet owners who fear that some


brands of dog food have poisonous plastic pellets
from China, but they don't know which brands
are safe and which are unsafe.
Risk raises rates
Since investors now are unsure about the riski-
ness of jumbo mortgages, they'd rather avoid the
transactions altogether. They demand higher
returns to compensate for the risk, and that's why
jumbo rates are rising.
Meanwhile. investors are reacting to the jumbo
imbroglio by rushing to the relative safety of
plain-vanilla conformintg mortgages, for which
borrowers documented their incomes. In
exchange for taking on less risk, they accept
lower returns -- and rates onl conforming loans
decline.
"The conforming Ihas gone down because there
hasn't been a strong correlation between delin-
quencies and your Fttnnie and Freddie deals,"
says Jim Salioger. mortgage consultant for Palm
Beach Financial Network in Stuart, Fla. With
jumb1 o loans, it's difficult for investors to figure
out what they're getting. "It's easier to walk
away than to take it," Salinger says. Reluctant
investors lead to higher rates.
Mortgage brokers do business with multiple


lenders, and they say the magnitude of the
increase varies a lot from jumbo lender to jumbo
lender. Some lenders increased rates and some
increased rates and fees.
"I've never seen anything like this in my life,"
says Bob Moulton, president of Americana
Mortgage. He has been a mortgage banker foi:
decades. "We had borrowers that were looking to
borrow stated-income jumbo. I quoted hirh 7 per.-
cent Monday, and on Thursday. when I tried to
lock him in, the rate was 13 percent."
As for jumbo loans in which the borrower doc-
uments income and assets: "Sold. Send them to
me," Moulton says. "The traditional transactic'as.
where they can document income and have good
credit not a problem."
Not all mortgage providers have an easy time
placing fully documented jumbo mortgages. But
even Moulton has trouble finding lenders for
jumbo borrowers who don't want to document
income and assets. "That's where the fear is. The
whole market is being governed by fear."
Sahnger believes the panic will end so,'-eday,
"Give it 30, 60, 90 days for the hysteria to work
off. and we'll see where the mortgage market
stands." he says.


Rates effective as of 8/15/07. 2007 Bankrate, Inc. hlittp://www.bankrate.coiii. LECENID: (A) Mortgage Banken, (H) Mod.tgag,e ok (. I(') IkInk. I(1) S &* 1L.. (i1)l <' u. ln ioi'. "'t.ill 1oi Rates" nm.ins acltn.ltd tii".es rie not av\aillblt' it pres tlinle. C(.onvent.ior .1i loans are,
h..ased on loan amounts of $165,000. Jumbo loans are based on loan amounts ol $435.000(). PointI quoted intlute discount land/ olngitii I.ok i)vs: 1I (II \iinuil prii ntl.e trtes (APR.,) .itn' baited o illy in i edils lti' .ito ltadtii.u r.ble te 'tloligages (ARMs)l
rile APR on your specific loan may differ from the sample used. Fees reflect chinges Ielative to tile APIR 11 you loIIn pitmenutI less I th lian 20;.I II t of tihi" homes \aluII. Inu ill ve l idoes iot noit giaaltet titn tii]
accuracy of tile information appearing above or the availability of rates and ees illn thi table. All iates.. fees andl otiler inil l aletibni .n e s lnhiect lo cIhall.g \\ ithil llo i noti ll tiik.ll nc. dni toes liot o\ In .Illl t-niinin ll insl i toltl Some 0 tI ll t tile comp't il es appe;luing
in this table pay a fee to appear in this table. To appear In this table, call 8)00-509-4636. To report any inaccuracies, call 888-509-4636. http://nml lrahl.itil r.est.r1, 0E1ii mMIN


HOLDS

6:30 AM


HOLDS

2:00 PM


HOLDS

10:15 PM




-V I


HOLDS 16 HOURS

With less ooze.





l't,--m SI/PEIRtInHl r H' ^U-' HLd




tO 'O i i;IJ\o~SmllII Coiismnor He lthcaw,' LP


(A) 11130 N. Kendall Dr., Miami, FL 33176

CAPITAL TRUST MTGE. CORP. 305-670-9191
www.capitaltrustmtg.com
6.375 30 yr Fix 0/0 $0/300 5% 6.41
6 15 yr Fix 0/0 $0/300 5% 6.04
6.875 30 yr Jumbo Fix 0/0 $0/300 5% 6.93
6.5 15 yr Jumbo Fix 0/0 $0/300 5% 6.58
Purchase, refinance, same day approval, no down payment, investment,
line of credit, 2nd home, interest only and BEST CUSTOMER SERVICE.
lA) 9500 S Dadeland Blvd., Suite 450, Miami, FL 33156 LIC#0502932


CHASE


DISCORIG PTS CRRPTIAPPRFEES DN AP


"~;


THE MIAMI HERALD I MiamiHerald.com


L










T RM A G 2 0 A


Department of Statistics





releases annual review





of consumer prices


* By Lionella Gilbert
Bahamas Information
Services
PRICES for consumer goods
rose at a faster rate in 2006
than in 2005, the Department
of Statistics has revealed,
releasing its 26th annual review
of consumer prices.
The review provides an over-
all assessment of general con-
sumer prices in New Provi-
dence, Grand Bahama and oth-
er Family Islands.
Mrs Kim Saunders, statisti-
cian and supervisor of the Con-
sumer Price Index (CPI) Sec-
tion, said the review included
spending habits and the cost of
the items or services being con-
sumed.
Items or services reviewed
included food and beverages,
clothing and footwear, hous-
ing, furniture and household
operations, medical care and
health, transport and commu-
nications, recreation and enter-
tainment, education and other
goods and services.
Mrs Saunders said that in
2006, consumer prices rose
moderately, a result of sub-
stantial increases in the 'other
goods and services' component
(inclusive of personal care
items, personal goods, tobac-
co, legal and funeral services).
During December, 2006,
consumers in New Providence
paid an average of 2.31 per cent
more for goods and services in
the CPI basket the highest
recorded percentage compared
to 2004 and 2005, she said.
, Mrs Saunders said the rate
of inflation for The Bahamas
averaged 2.02 per cent in 2006


compared with 1.87 per cent in
2005. Subsequently, prices rose
on average at a faster rate in
2006 than 2005.
Mrs Saunders said that New
Providence residents paid 13.76
per cent more in 2006 than in
2005 for goods and services not
elsewhere classified: for exam-
ple, legal fees, funeral fees and
life insurance.
Costs for personal effects,
such as jewellery, handbags and
other personal goods climbed
1.99 per cent followed by
increased prices for personal
care items and services (prod-
ucts for the hair, beauty par-
lour and barber services, dental
and cosmetics) and tobacco,
0.67 per cent and 0.41 per cent
respectively.
The result was an overall
increase in the other goods and
services sector of 7.90 per cent
compared to December, 2005,
she said.
Other groups recording sig-
nificant increases on overall
prices in New Providence
included food and beverages,
in which prices rose 3.63 per
cent on average and medical


care and healthcare, with prices
up 3.16 per cent.
Mrs Saunders said increased
prices for marine products of
11.74 per cent tremendously
impacted the rise in the food
and beverage group followed
by fresh fruits, 7.4 per cent,
processed.vegetables, 5.39 per
cent, meals outside the home,
4.87 per cent, and poultry, 4.57
per cent.
Contributing to the medical-
care and health segment's
increase, she said, were hospital
and other medical services'
costs (such as accident and
health insurance 2.35 per cent,
prices for medical and phar-
maceutical products, 0.91 per
cent; and professional services'
fees, 0.55 (eye specialists' ser-
vices, physician, dental, nurs-
ing, etc.)
On Grand Bahama, recre-
ation and entertainment (inclu-
sive of equipment for enter-
tainment, radios, record play-
ers, televisions, etc.) netted the
largest increase in 2006 at 7.09
per cent.
Medical care and health saw
an increase of 5.23 per cent;


GREAT IN\

A unique opportunity t
community, each lot mr
Amenities include dou
$650,000 now reduced

LOT #70

Large lot less than 300
priced to sell at $285,(


furniture and household oper-
ations, 5.15 per cent; education, 0
3.39 per cent; and clothing and W
footwear, 3.28 per cent; and
food and beverages of 3.16 per 17.5 Acres Superb Oc
cent, influenced the upward the island. Ideal for a I
movement in the Grand
Bahama CPI, Mrs Saunders Office Finacial Centre.
said.
The cost of books and other GILINGAI
reading materials (newspapers
and magazines) rose 9.93 per Class "A'
cent and entertainment, recre-
ational and cultural services Top floor comprises of
(hotel room rates and fees for 2q. ft. of common leas
participant sports) followed feet. Lease is $32 per
closely, registering 9.96 per cent pers square foot. This
increase compared to 2005.furnishings
Grand Bahamians paid 12.35
per cent more for professional
services, she said. This was fol-
lowed by hospital and other Contact
medical services at 2.43 per
cent and medical and pharma- P
ceutical products at 1.91 per Email: kin
cent.






purcsnlag ieasoer
Bouring, puftwing, iaailng iAh supplier
anf importing materials in a timely faJhion
DESCRIPOTIO iyIHi, Ia dnmc oi nviroent
with confidence anm
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seang o~&e ornpup w skills and w8 have
to pasd basic matti skts teat
plea email rumus 'a spunflaiiEafwave.com


SKINGC'S
IF KUL UaTWi

INDIGO
VESTMENT OPPORTUNITY

o own 5 adjacent lots in this quaint gated
measures 60' x 130' zoned for 15 units.
ble tennis court and swimming pool. Was
d to $550,000 for quick sale.

HOPE TOWN-ABACO

)' from the beach with partial ocean views,
'000.

ORANGE HILL
EST BAY STREET

eanfront in the most desirable location on
High-End Condo development or Class A
. Offered at $8,000,000.

M HOUSE MONTAGU

" Office" Space Available!
2,562 sq. ft. of leasable area and 1,108
able area totaling 3,670 gross square
square foot with CAM charges being $12
floor is being leased with partial office



Kingsley Edgecombe
h: 242-424-4959
gsley@kingsrealty. corn


The strength of our economy depends in part, on the strength of
the small, medium and large businesses in our community.
The GEMS Family is committed to serving you to creatively assist
with inspiring businesses develop. It's our commitment to
identify and create opportunities for entrepreneurs throughout the
year but during the MONTH OF AUGUST we will spotlight the
achievements and challenges of the entrepreneur. Equally as


important, we will identify and create opportunities to
promote and strengthen your business.




Lets set each other up to succeed!


242-326-4381/2
gemsradio@gemsbahamas.com

51 Sears Hill, Nassau Bahamas
R ,,tad
Great Enlet I


!' "*


.LL. J ;. ,,.".**
io 105.9 FM
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Located next to Atlantis,
with 228 beautifully
appointed Junior Suites
and meeting facilities
to accommodate
up to 70 people.

Our guests have
full use of the
exclusive facilities of
the fabulous Atlantis
just steps away.

In-room amenities
include: king size or
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sitting area
with sofa bed,
cable tv. refrigerator,
in-room safe.
coffee maker, hair dryer,
complimentary
deluxe continental
breakfast served daily.
pool with swim-up bar,
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Guest rooms and
interior public facilities
are designated
non-smoking areas.

Ask about our local
corporate, group and
wedding rates.

Contact our
management team
for a site inspection.








PARADISE ISLAND

1 Paradise Island Dnve
Paradise Island. Bahamas


--I


Dr.]1 Richard C1 raxvfor1 d 'lloctd onMacke)I,It

Stiv1t has ,lscd its doorsindeinitely I or


Fo Fourth i inform I tio lease clql 393-7333.Il~


MONDAY, AUGUST 20, 2007, PAGE 5B


THE TRIBUNE


::a~u~







THE TRIBUNE


PAGE 6B. MONDAY. AUGUST 20, 2007


Wall Street hopes for smoother




ride, buying opportunities


* By TIM PARADISE
AP Business Writer
NEW YORK (AP) The
start of a new week on Wall
Street has investors wondering
if the stock market is indeed
recovering after rallying in
response to the Federal
Reserve's intervention on Fri-
day, or whether that advance
was a one-day reprieve from


weeks of losses.
And many investors will be
seeking buying opportunities.
Alfred Chiaraluce is trying to
think like a pro and look for
bargains.
The 55-year-old bank worker
from Woburn, Massachusetts,
avidly follows the markets to
guide him in buying stocks and
bonds. Chiaraluce expects the
market's volatility of the past


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



NOTICE


OF

BLUE CORDS LIMITED

Notice is hereby given that liquidation of the above
company commenced on the 16th day of August,
2007 and that Credit Suisse Trust Limited of
Bahamas Financial Centre, Shirley & Charlotte
Streets, Nassau, The Bahamas has been appointed
Liquidator of the Company,


month will prove fleeting, given
Wall Street's historic cyclical
tendencies.
"I'm actually thinking about
buying. Next time the market
dips, I've got my eye on a cou-
ple of stocks I want to pick up,"
le said, citing Apple Inc. as one
potentially good investment.
But investing more money in
the market or even making
changes to a portfolio is diffi-
cult particularly with the up-
and-down ride investors have
taken lately: being burned by a
series of triple-digit drops in the
Dow Jones industrials and then
relieved at week's end by the
sense that the Fed, which low-
ered its discount rate Friday,
was finally feeling its pain. Now,
Wall Street will try to deter-
mine whether Friday's rebound,
when the Dow rose about 230
points, means it is regaining its
foothold or whether it is due
for further upheaval.
In any case, the debate has
changed. A week ago, investors
were going back and forth
about how widespread the fall-
out would be from mortgage
defaults and tighter overall
credit, in part because the Fed
had weighed in and didn't seem
alarmed. Investors will still be
trying to calculate the fallout
this week; the question now is
whether the continuum of news
about credit problems will have
a further effect on Wall Street
and what the Fed will do next
about it.
Some market observers are
grumbling that the Fed was eas-
ing the pain of investors who
made risky bets on mortgages
made to borrowers with weak
credit. But others will no doubt
be looking for the Fed to do
more including lowering the
more important federal funds
rate after nearly 14 months of
leaving it unchanged.
Some are hoping the Fed
might act again before its Sep-
tember 18 meeting as it did Fri-
day, when it cut the discount


* TRADERS and specialists work the trading floor of the New York Stock Exchange early Friday.
(AP Photo: David Karp)


rate to 5.75 per cent from 6.25
per cent. The discount rate cov-
ers loans the Fed makes to
banks, while the fed funds rate
affects interest on everything
from credit card debt to home
loans.
The Fed's latest move was an
acknowledgment that the con-
cerns about exotic mortgage
investments and access to cred-
it had spilled over into the rest
of the market and were hurting
regular investors, not just insti-
tutional players. And that this
Nwas posing a threat to the over-
all economy.
Although he likely took some
licks, Chiaraluce isn't too wor-
ried about the recent volatility.
He expects his 401(k) retire-
ment account will even out by
the time he needs to tap his sav-
ings in retirement.
"I'm sure my 401(k) has gone
down," said Chiaraluce, who
doesn't typically check his
4)l,(k) balance except to review


his quarterly statements.
He hopes the Fed will follow
up on Friday's discount rate cut
with more moves to encourage
home buying.
"1 think they need to drop
the interest rates," he said,
echoing what many on Wall
Street are no doubt saying now
that Fed stepped in Friday.
The Fed in recent weeks has
also pumped nearly $120 billion
in liquidity into the banking sys-
tem, trying to lubricate a grind-
ing credit market. The unease
over subprime loans has left
many banks hesitant to make
loans even to borrowers with
good credit, an area of concern
for the Fed.
In a week With a relatively
light schedule of economic
reports that touch on employ-
ment, orders for durable goods
and new home sales, investors
will likely find themselves again
swayed by market sentiment
and news developments about


subprime loans and the avail-
ability of credit.
With little to go on, investors
will be looking to see whether
the wide swings and volatility
will remain a fixture of the stock
market in the coming week.
Larry Hilton, a 54-year-old
Xerox Corp. technician from
Reading, Massachusetts, has
been watching the market's ups
and downs lately and thinking
he should review his 401(k) to
see if his investment mix needs
adjusting.
If he does make any invest-
ment changes, he'd likely put
more of his money in a low-risk
investment like a money market
fund, he said.
"It's hard to know what the
market's going to do next,"
Hilton said.

AP Business Writer Mark
Jewell contributed to this report
from Boston


Credit Suisse Trust Limited
Liquidator


__________________________________________________________________


S e Cancer Society











S007



S.. .. s .




Help send the message that there is hope, healing and life after

being diagnosed with Cancer


6a.m. sharp at The Cancer Caring Centre

East Terrace, Centreville

To roster, please call

525-2+8) or Z)-+4-82






A QUE American comm r
Bh s Web Portal.om






Designed by Bahamas eb a


Designed by Bahamas Webportal


AN" 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
I long 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 organiizational, 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 3 1", 2007 to:
Manager Operations
i (). Box N 10l6
Nassau. lBahamias
or
mail: scotialruist@coralwavc.coml


--`- --I~~-


BUSINESS






MONDAY, AUGUST 20, 2007, PAGE 7B


THE TRIBUNE


First Caribbean Bank:



Guardian stories 'd


Journal,



id not


capture all relevant facts'


FROM page 1

and immediately take. action
,'hen matters are reported to
us to address. We would also
like to confirm that despite
hoth instances normal service
. our customers continued
aJld for that we commend our
staff for their ongoing sup-
port."
The latest incidents come on
the heels of a strike vote last
week by employees to protest
















Inslohl o


conditions at the Wallet Centre
- a highly confidential area of
bank operations.
On Wednesday, bank
employees convincingly voted
to take strike action in protest
at the conditions.
According to Bahamas
Financial Services Union pres-
ident, Theresa Mortimer,
employees in the wallet area
were 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.
First Caribbean has also
responded to those claims, say-
ing that it had worked closely
with the union to address the
concern.
It also said that the Wallet
Centre is in full compliance
with the Bahamas building
code and that the Royal
Bahamas Fire Department
conducted a full fire safety
review and has confirmed in
writing that the area meets
safety standards.


* 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.


To advertise in The Tribune -

the #1 newspaper in circulation,

just call 322-1986 today!






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 BMW
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
I *


2Cr (./
7a d)~w
~^JJ/2


The Authentically Bahamian Department
of
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
Please bring along
j one sample of your product.


N


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


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 lFriday
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.


BUSINESS


Job ppotuntie








THE TRIBUNE


AP GE 8B MONDAY AUGUST 20, 2007


* By PAUL KIERNAN
Associated Press Writer

MEXICO CITY (AP) -


Tens of thousands of vendors
sell everything from school sup-
plies to pirated pornography
videos on the teeming streets


-N-SHOPVI pE
.. o C ,' way Th ohorncamos o00 4 St
C l,,^ 9 ^ "* .. o :. ... . ,


radiating from Mexico City's
main plaza, the Zocalo.
Mexico City's leftist mayor,
working from a building all but
engulfed by the makeshift mar-
ket, is now seeking to move the
vendors from the capital's his-
toric downtown by October 12
and free up streets lined with
colonial treasures ranging from
cathedrals to museums.
If Mayor Marcelo Ebrard
succeeds in his plan to relocate
the vendors to government-sub-
sidized properties nearby, he
will have done what many oth-
er administrations have failed
to do. Attempts in other neigh-
bourhoods have sparked all-out
street battles with police.
Removing the vendors is one
of the few issues the capital's
leftist government has in com-
mon with President Felipe
Calderon's conservative admin-
istration, which views them as
tax evaders it wants to reel into
the formal workplace.
But relocating them promises
to be difficult.
The vendors are represented
by large and occasionally vio-
lent unions, and are campaign-
ing against the relocation plan.
They argue that the designated
properties offered by the city
will fail to attract customers and
have asked for the deadline to
be extended until January 7.


* A MAN cleans the window at a money exchange house in
Mexico City. Mexico's peso recovered against the dollar after
the United States Federal Reserve cut the discount rate to address
liquidity problems that rocked financial markets.

(AP Photo: Eduardo Verdugo)


"The people can't support
themselves on some property if
there are no sales," said Ale-
jandra Barrios, president of a
high-profile vendors union
recently at a conference of city
and business leaders. "And the
new areas need to develop a


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At: Stella Marts Marina, Long Island
PH:(242) 338-2050/1,3
Fax:(242) 338-2049/52
e-mail:nils@stellamarisresort.com
or jill @ stellamarisresort.com.













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:

I)A7168
c/o The Tribune,
P.O. Box N-3207,
Nassau, Bahamas


reputation, and that takes
time."
"We have to defend ourselves
somehow, and Marcelo
(Ebrard) has to understand
that."
The Mexico City Chamber of
Commerce estimates there are
35,000 vendors in the downtown
area.
Vendors say they can often
make more money selling in
street stalls than they can earn
with jobs in the formal sector,
where the minimum wage is just
US$5 a day.
Ebrard says he does not want
to use force to meet his goal of
eradicating the huge market,
and he is trying to negotiate a
deal with business leaders and
vendors. But the market pro-
vides thousands of jobs for the
vendors, who pay no taxes and
receive few social services.
Previotis eviction plans have
only succeeded briefly, as ven-
dors promrptly swarmed back to
the downtown area after relo-
cation sites proved fruitless.
The city's campaign comes as
Calderon. as well, grapples with
an underground economy that
the World Bank estimates
employs as much as 60 per cent


of Mexico's work force and
equals nearly 30 per cent of the
country's gross domestic prod-
uct.
"The country can not pros-
per on a base of illegality, and
the greater the illegal economy,
the more society will suffer and
fall victim to crime," Calderon
said recently.
So far, Calderon says his gov-
ernment has created 500,000
new jobs and has set aside
US$300 million to cover the
social security for first-time job
holders for one year, an effort
to encourage people to join the
formal work force. He has
called on his Cabinet to encour-
age small and medium busi-
nesses.
Mexico's notoriously low tax
revenues are part of the reason
that its social protection pro-
grammes are too weak to dis-
courage informal labour, said
Bill Maloney, chief economist
for Latin America and the
Caribbean at the World Bank.
Poor workers often drift in
and out of the formal job mar-
ket, sometimes earning more
selling designer sneakers on the
street than working as an
accountant.
"This is a status rise, going
from being a salaried employee
somewhere to being informal,
self-employed," Maloney said.
Victor Gutierrez, a 48-year-
old father of two who is blind,
said he began selling goods in
the streets after the 1994 peso
devaluation.
"In a company, unfortunate-
ly, it's rare for them to pay even
a little bit more than the mini-
mum wage," he said.
Gutierrez said he made about
US$3 a day working at the tex-
tile plant.
Now, he can earn as much as
$20 a day selling board games
and beauty products on the
street.
But Gutierrez said if the city
government moves him to a
government-sanctioned loca-
tion, business will likely suffer
since his stand will no longer be
in the line of daily foot traffic.
Many vendors, he added, will
then simply join the millions of
Mexicans who have migrated
illegally to the United States in
search of work.


^si M n lHi I-BMXS


* Receptionist
* Business Man
* Human Resou


TRAIN STAFF IN:
Customer Service
iagement Sales
urces Warehouse


' ",,


* Office Supervision Marketing
* Telemarketing Computers
Log on: www.markturnquestconsulting.com M.,kA t





PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, AUDREY ANN MARIE
SAIRSINGH MILLS of Johnson Road in the Eastern District
of the Island of New Providence, The Bahamas intend to
change my name to A. MARIE SAIRSINGH. 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.




JOB OPPORTUNITY FOR A




An established international ministry is seeking a
Financial Controller.

Qualifications for the position are:
Bachelor's Degree or equivalent in Accounting or
applied finance from an accredited and reputable
university.
Certified Public Accountant
3 5 years Audit experience
3 5 years experience as a Controller or similar position
Experience in preparing IFRS compliant financial
statements
The individual will be responsible for directing the
overall financial plans and accounting practices of the
organi/Zation.

Henefits include:
Competitive Salary
Subsidized I alth Plan
Pension Plan

Interested persons can e-mail their resumes to:
ur resouricemanager td yahoo.coni


COMMONWEALTH OF THE BAHAMAS 2006/GEN/equ/i 181

IN THE SUPREME COURT

Equity Side

ALL THAT tract piece and lot of land situated
at Kemp=s Bay in the island of Andros
containing 1.485 acres botuindeoon the NdO IH
by property now running thereon 357.43 feet
EAST by Road Reservation 30 feet wide and
running thereon 161.91 feet SOUTH by
property now or formerly of Gwendolyn Forbes
and running thereon 361.82 feet WEST by a
public road running thereon 200.01 feet

ALL THAT tract piece and lot of land situated
at Kemp=s Bay in the island of Andros
containing 1.277 acres and bounded on the
NORTH by properly now or formerly of
Alexander Forbes and running thereon 417.84
feet and EAST by 20 foot wide Crown Land
Reserve and running thereon 110 feet and
SOUTH by public cemetery and running
thereon 416.38 feet WEST by Road
Reservation and running thereon 158.47 feet
AND
IN THE MATTER OF THE QUIETING TITLES ACT, 1959
AND
IN THE MATTER OF THE PETITION of STEADMAN FORBES
NOTICE

STEADMAN FORBES, the Petitioner claims to be the owner in fee simple in

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

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

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

extent thereof determined and declared in a Certificate of Title to be granted by the Court
in accordance with the provisions of the said Act.

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

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

during normal working office hours at the following places:

I. The Registry of the Supreme Court, Ansbacher House, East Street, Nassau;

2. The office of Arthur D. Hanna & Co., 10 Deveaux Street. Nassau, The

Bahamas, attorneys for the Petitioner; and

3. The Administrators Office, Kemp=s Bay, Andros, The Bahamas.

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

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

appearance of Notice herein filed in the Registry of the Supreme Court in the City of 'Nassau

aforesaid and serve on the Petitioner or the ,idi...i-I .,i J iJ.ia ut[ I hi, a r or its claim in the

prescribed ',,rr rihi ,h, jh i. diJ.i . ihli ,..j ii ,

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

said I hirty (30) days rcrn ill ,p. i i h.ir to such claim.


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


II--


Mexico tries to reform its street





economics, collect more taxes









THE TIBUN MONDY, AGUST 0, 207,IPGESS


Gross


Product sees





growth in 2006


FROM page 1


GDP grew by an estimated 4.2
per cent in current prices and
3.4 per cent in constant prices.
"This increase points to a
sustained growth over 2005 led
by :a growth in tourist expen-
diture of $103 million, exports
of goods of $139 million and a
robust construction industry
led by multi-million dollar pro-
jects around The Bahamas.
"These increases in 2006
vw'ere borne out in the growth
measured by the 2006 Labour
Force Survey results," Ms
Turnquest said. "According to
that survey, employment grew
by 7,530 persons or 4.7 per
cent."
Also consumer confidence
in the economy's continued
growth was displayed by major
increases in the Bahamian dol-
lar credit issued in The
Bahamas, led by personal cred-
it with $553 million, construc-
tion $42 million: professional
and other services $31 million
and distributive trades $22 mil-
lion.
Major industries contribut-
ing to the growth at constant
prices in 2006 were: construc-
tion industry $95 million;
wholesale and retail trade $28
million; and the banking indus-
try $47 million, Ms Turnquest
noted.
Ms Turnquest said these are
preliminary figures and are
based on first round estimates






INS GH


-.oert-soi


of some major data providers,
trend analysis and a series of
current indicators.
"Preliminary estimates
therefore are an approxima-
tion of what has transpired in
the economy and are based on
indicators that give an idea of
how a particular industry has
performed," she said.
Ms Turnquest said the 2005
results are provisional as they
benefit from the first or early
results from administrative
sources and the establishment
surveys for the reference year
in question.
Market
She said during 2005, the
GDP in current market prices
grew by 5.96 per cent.
"This growth was mainly due
to capital development by the
government in the housing
market, private investments
mainly in the hotel industry
and tourist expenditure of $187
million," Ms Turnquest said.
She said residential con-
struction grew by $88 million,
investment in machinery and
equipment increased by $264


million and capital-work-in-
progress rose by $84 million.
Ms Turnquest said that gov-
ernment final consumption
expenditure also increased by
$54 million.
"This growth, though
impressive, was dampened by a
major increase in imports of
goods and services of $667 mil-
lion. The value of imparts grew
to support the increased
demand for resources in 2006
as well as because of the
increase in world prices for
oil," Ms Turnquest said.
She said the industries that
saw the largest growth in its
contribution to the Bahamian
economy were:
Electricity, $26 million
Construction, $54 million
Wholesale trade, amplified
by the increase in fuel prices
around the world, $50 million
Banking, $108 million
The hotel industry, $71
million increase fuelled by
growth in the number of
stopover visitors coupled with
a 5.52 per cent growth in aver-
age room rate.
Ms Turnquest said addition-
al information on the econo-


my for the years 1989 to
2004 can be obtained at the
Department of Statistics, either
from earlier publications or
this 2006 National Accounts
Report, which can be bought
for $10 at the department.
Information can also be
obtained from the Central
Bank website.


Domestic


[(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.



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


m ulna


IBM Bahamas Limited

CAREER OPPORTUNITY


CLIENT REPRESENTATIVE

Description:

This is a key role to drive IBM growth in The Bahamas. This role will work
in conjunction with IBM Sales and Technical Support Teams, covering
accounts in The Bahamas. Responsibilities will include:
Driving new business in the territory
Delivering annual revenue target while accurately forecasting revenue
and effectively managing a sales pipeline
Performing extensive prospecting within a set geographic territory
Developing strong relationship with customers
Assisting with the development of integrated marketing
communications strategies, plans and programs
Assisting with organization, management and coordination of all
details and aspects of specific marketing events, promotions and
functions

Qualifications:
University degree in Sales/Marketing, Business Administration or
Equivalent experience
Business to business selling is an asset
Proven success in prospecting and managing a territory
A solid track record of achieving/exceeding sales targets
Strong written and verbal skills

An equal opportunity employer, IBM provides competitive salaries and
benefits. Thus, compensation will be commensurate with experience and
qualifications.

Please submit detailed applications or electronic resume to the attention of:

Human Resou-ces Administrator
IBM Bahamas Limited
Fourth Floor
Atlaitic House
Second Terrace & Collins Avenue
Nassau, Bahamas
e-mail: jmoss@bs.ibm.com

Deadline: August 27th, 2007
All applications will be held in the strictest confidence. Only applicants
who are short-listed will be contacted.


Responsibilities Include, But Not Limited to:

>Scheduling customer work
>Typing customer proposals and letters on Microsoft
office
>Using Accpac Corp. series for A/C's Receivables.
>Updating Customer Data Base
>Credit Stop lists and collections.
>Inter-Office reports.
>Filing new quotes & work completed.

Desired attributes:
Ages between 35 to 45 years, excellent communications,
inter-personal and organizational skills, excellent
computer and typing skills, attentive to detail, goal
oriented.

>Competitive Salary
>Health Insurance
>Pension 'lan

"lease send resume to the following:
Fax: 322-3969
Or P.O.Box N-1388, Nassau, Bahamas


See Guard Security & Monitoring Services
Let us Protect you Property"
Give us a call at
242-456-7121
Email us at
Cedriccraft8@hotmail.com

Here are some of these services
that we offer:

Some or Office patrolled visits
Vacant or new home visits
Out of town visits
Employee spot check
We offer an effective mobile control service that is not
easily mointored by criminals.

For more information log onto:
www.wclass.com/seaguard.html


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
High 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, Information Technology
Information Technology
Health 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
SI ligh standards of morality
Be a born again ('hristian
Letters of application together with a recent color photograph and detailed Curriculunm
Vita (includingthe names and addresses of at least three references, one being the name
of one's church
minister) should be forwarded to:

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

Deadline for applications is Friday August 24, 2007.


MONDAY, AUGUST 20, 2007, PAGE 9B


THE TRIBUNE








THE TRIBUNE


I 55 ews --PAGEl 10B MNDnAY.AUGU1IST 2007


Business world finally sees potential profits


SBy THOMAS WAGNER
Associated Press Writer

,' ."v \ .Qe-; ,,LONDON (AP) Big
.I ,0 business fears that the fight
against climate change will cost
billions are now giving way to a
S different view: green can be
-. the colour-of money.
.. a The United States, Europe
SP t and Japan are locked in a fran-
tic race to cash in on the
exploding business of saving
the planet. London has
become the center for the
multibillion dollar market in
carbon emissions, attracting
investors who trade CO2
allowances.

Leading

Silicon Valley is leading the
way in attracting venture capi-
tal for green technologies that
shows signs of mirroring the
dot-com boom and critics say
eventual bust of the 1990s.
And Japan's Toyota has sold
more than a million Prius
hybrid models, its cutting-edge
eco-friendly car.
A THIS 2004 photo released by Vestas Wind Systems shows offshore wind turbines at North Like all markets, t ke clean


































































1.78 0.54 Abaco Marxets 1 r, 1 Ar': re 'r' gy id lryi a e ris1.1.
Hoyle inWales, western Britain. Wind turbines are one of main growth areas in clean energy tech- A sustained fall in the.
71nology across the planethamas Waste 3.71world's steep oil prices could
(AP Photo) make investment in alterna-




























































Pricing information As Of:C


Friday. 17 Au1.ust 20 Fidel7ty Bank 1.57 1757 0.00 0.064 0.020 2475 1.27
10.76 9.10 CableB as X CLOSE 104.74 5 CHG 10.3 75%CHG -00.001 YD 178 55 024 YTD% 10 6511.3 223%
1.78 0.5804 Abaco Mar ets 1 2.7 1 i7 0.00 0 281 0'" 080 9, 8 2t92
15.15 10.99 BaCommonwealth Bank 15.10 159.40 0.00 250 1.190733 0.260 12.8 2.77%
7.22 4.70 Benchmark 0 .85 0.85 0.1200 0.11048 0.020 1754.5 0.8235%
3.71 1.50 DoctorBahamas WaHospital 2.3.71 3.71 0.00 0.28179 0.060 13.3 10.062%0%

6.40 5.54 Famguard k.20 6.20 0.00 0.804 0.240 7.7 3.87%
2.74 1.80 CoFina Holdings 12.74 2.74 0.00 0.281 0.0570 169.8 2 92%
15.1570 10.99 CommonwFrstCarbbealth Bank 15.1065 14.6510 0.00 250 1.19077 0.6470 12.7 4.250%1%
7.22 4.70 Consolidated Water BDRs 6.09 5.5097 -0.1200 400 0.36112 0.133050 5 4.5 0.82%
2.76 2.20 DoctFreepor'st Concrete 0 .70 0.7031 0.00 0.281 0.000 N/8.2 0.00%
6 .4 0 5.54 Famguard 6Utilities 7.20 6.20 0.00 0.80411 0.240 7. 7 3.87%
12.77 11.51 J S Johnon 12.77 12.7790 0.00 0.94787 0.570 10.56 2 4.46%
14.70 12.25 Bahamas Supermarkets 14.65 14.65 0.00 0.977 0.48570 14.6 103.21%
5.50 1 5.18 Focol (S) 5.50 5.50 0.00 400 0.364000 0.48013 15.1 2.417 80%
1.00 0.54 Freeport Concretegs 0.70 0.70 0.00 -0.03415 0.000 N/M 0.00%
8.6 na 7.10 ICD Utilities 7.25 7.25 0.00 0.411 0.200 17.6 2.76%
439.90 8.0052 J.S. Johnson 9.00 439.90 041.00 0.946 0.580uuu 10.5 5.UU6%o


14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.234 1.125 12.6 7 71%,
060 035 RND Holdings 045 0.55 0.45 0.021 0.000 26.2 0.00%
.: ,. ,-.-.'. '.f- V t&-i ,,,. BISX Listed Mutual Funds
52wk-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $. 0ol0 1
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 Collna MSI Preferred Fund 2.739935"*


tives to fossil fuels seem less
attractive.
More important, to sustain
business' new attraction to
clean energy, governments
must maintain, or even step
up, efforts to cut carbon emis-
sions. Toward that end, a
major United Nations meeting
will be held in Bali, Indonesia,
in December aimed at reach-
ing a new global climate pact
to succeed the Kyoto Proto-
col, which expires in 2012.
But for now, the battle
against global warming con-
tinues to offer investors an
unusual chance to be idealistic
and greedy at the same time.
"Everybody is jumping on
the bandwagon," said Milo
Sjardin, a senior associate at
New Energy Finance, a
research house in London on
the world's clean energy and
carbon markets.
The City of London finan-
cial district has taken the lead
in making billions from the
management of C02 emis-
sions, one of the fastest-grow-
ing segments in financial ser-
vices.
The carbon market was cre-
ated after Europe signed the
1997 Kyoto agreement on
curbing green house gases. In
2005, European governments
started capping the amounts
of carbon dioxide that indus-
tries could emit, while letting
them buy and sell C02 emis-
sion allowances.

System

The cap-and-trade system
encourages factories and indus-
tries to cut emissions by giv-
ing them "pollution permits."
If they produce less green-
house gases than the total of
their permits, they can sell the
surplus certificates also
known as credits to compa-
nies that find them cheaper
than cutting their own emis-
sions.
That created the fast-grow-
ing carbon markets, where cer-
tificates are bought and sold
like a commodity. It also
includes investments in pro-
jects that help to generate
additional credits.
About $30.4 billion of


industry,


allowances were traded last
year, representing 1.6 billion
tons of C02, double the vol-
ume of 2005, said Point Car-
bon, a company of market ana-
lysts based in Norway.
New Energy Finance esti-
mates that $33.8 billion carbon
credits will be needed to meet
targets under the Kyoto
Accord and the European
Emissions Trading Scheme by
2012.

Emerged

Britain has emerged as the
clear leader in carbon fund
management, with 72 per cent
of private carbon funds and 50
per cent of all carbon funds
being managed out of London,
New Energy Finance said.
The United States, which
rejected the Kyoto agreement,
has never adopted a federal
system of controls for carbon-
dioxide emissions, although
California has binding targets
to cut C02 emissions and oth-
er states are expected to fol-
low.
America, however, has
emerged as the world leader
in developing clean energy I
technologies.
It involves a wide range of
sectors, including wind, sola r,
biofuels, biomass (organic
material to produce power andi
heat), energy efficiency tech-
nology, hydrogen and fuel
cells, and tidal power.
"General Electric has been a
leader in the campaign to
develop new clean technolo-
gies that allows one to save
energy and make money at the 1
same time," said Dr Andrew i
Dlugolecki, head of Andlug /
Consulting, a strategic consul-
tancy on climate change and -
the financial sector based in
Perth, Scotland.
He said oil companies, car-
makers and power generators,,
are increasing their invest-
ments in renewables and bio-
fuels.
Silicon Valley venture capi-
talists also are rushing into the
business, hoping to design rev- ,
olutionary technologies, drive

SEE page 11


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


I HARiBOURSIDE
; MARINE


.tM Lc:.,-., s.o, ,-a ..' ,


iciortvfrr~ ens 22(a'eca W pc .`s~r WM~evo L-lt'


Pa s242 44 3 .S14fri Japo :S s4os7mod :lAsslHMu sr riir'o w tan SWS8120


Harbourside


looking for:

Generator Mechanic/Mechanic
Helper

Please fax resume to:

394-7659 or 394-3885.


Harbourside

is looking

Persons v

Generators,

marine in


Marine YAMAHA

for Inventory/Sales


the

be


must


familiar with inventory and stock

control.Must be computer literate.

Please fax resume to:

394-7659 or 394-3885


Marine YAMAHA


1.2652 1.1886 Colina Bond Fund 1.265223***
11 6581 11 1193 Fidelity Prime Income Fund 11 6581 ***
S 9- f ,. .*" ",,: FINDEX: CLOSE 838.97 I YTO 13.05% / 2000 34 47%
Bli. -LL s RE INDEX 19gDec02 1 000 M.- Ei TE.I '-.-.- i **.. ..',* '-j." J" ' N
52wk-HI Highest closing price In last 52 weeks Bid $ Buying price of Collna and Fidelity
52wk-Low Lowest closing price In last 52 weeks Ask $ Selling price of Colirin and fidelity "10 Aualst 2001
Previous Close Previous day's weighted price for daily volume Lost Price Last traded over-the-counteor price J ln 200()
Today's Close Current day's weighted price for daily volume Weekly Vol. 1Trding volume of the prior week :. 1I M.y1, 200 (
Change Change in closing price from day to day EPS $ A company's reported earnings per share for the l st 12 mths : I ,July 2'(00
Dally Vol. Number of total shares traded today NAV Net Asset Value
DIV $ Dividends per share paid In the last 12 months N/M Not Meaningful
P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100
(S) 4-for-1 Stock Split Effeotlve Date 8/8/2007
:"~- 'tO-' "g ,4' OLIlA H42.-502-7010 / FIDELITY 242-356-7764 / FOR MORE DATA & INFORMATION CALL (242) 394-2503


vith knowledge

golf cars and


I ,,I


I


BUSINESS









THE TRIBUNE AUUUST 20, 2007, PAGE liB


in joining the battle against global warming


~ .""
a..


* THIS 2003 photo released by Vestas Wind Systems shows land based wind turbines based on the Greek island of Crete.
(AP Photo)


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


FROM page 10


down prices and defeat energy
business giants, said Dlugolec-
ki.
Some entrepreneurs are
seeking technological and sci-
entific innovations to produce
alternatives to oil and coal,
while others hope to find ways
of using those fuels in cleaner
and more efficient ways.
Other investors are pouring
money into wind, solar, geot-
hermal and hydropower as
countries such as China and
more than 20 states in Ameri-
ca require a certain portion of
energy sold to come from
renewable sources.
A recent survey of investors
found many of them are turn-
ing green.
Deloitte Touche's 2006
"Global Venture Capital Sur-
vey" in the Americas, the Asia-
Pacific, Europe, the Middle
East and Africa found that for
a second year in a row respon-
dents selected energy/environ-
ment as the sector most likely
to see the highest increase in
investment focus.
That also has led to a word
of caution for investors.
"There's a lot of money
,,Iasing not so many ideas, so
'e p ies are going up fast,
raising some concern that this
activity by venture capitalists
and hedge funds could produce
the next dot-com bust," said
Dlugolecki.
New Energy Finance, which
tracks all investment flows in
the clean energy market, said
1,250 capital and private equi-
ty funds were investing in com-
panies involved in the market
in 2006.
In that year, $4 billion in
investment originated in the
Americas, mostly the United
States, compared to $1.6 bil-
lion for Europe, the Middle
East and Africa.
The investment in the clean
energy market also doubled
from 2005 to 2006 in the
Americas, while remaining
about the same in Europe, the
Middle East and Africa, New


Share

your

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


Energy Finance said.
However, when it comes to
initial public offerings for clean
energy companies in 2006,
Europe, the Middle East and
Africa, turned the tables, pro-
ducing a total value of $4.8 bil-
lion, compared to $2 billion in
the Americas, said New Ener-
gy Finance.


One reason is that clean
energy IPOs appear to favour
London because AIM the
Alternative Investment Mar-
ket submarket of the London
Stock Exchange allows small-
er companies to float shares
with a more flexible regulatory
system than is applicable to the
main market and Wall Street.


'WASAK -A MUSDO


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.

There 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 each 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 other 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.

Tenders 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.m. on Thursday
27"'th September 2007. All Tenders must be submitted in triplicate.

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

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


COMMONWEALTH OF THE BAHAMAS 2007/CLE/qui/
IN THE SUPREME COURT
IN THE MATTER of ALL THAT lot of land
containing 4936 square feet situate on the
western side of Wright=s Lane and
approximately 530 feet south of Wulff Road in
the southern district of the island of New
Providence.
AND

IN THE MATTER of the QUIETING TITLES ACT 1959

AND

IN THE MATTER OF THE PETITION OF ELVIS COLLETT

NOTICE

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

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

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

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

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

in accordance with the provisions of the said Act.

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

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

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

2. The office of Arthur D. Hanna & Co., 10 Deveaux Street, Nassau, The

Bahamas, attorneys for the Petitioner; and

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

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

adverse claim or a claim not recognized in the petition shall within '. Inn 3'. I I i

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

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

prescribed form verified by an Affidavit to be filed therewith.

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

said Thirty (30) days herein will operate as a bar to such claim.

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


I


BUSINESS


., _..,.i, AUCUST 20, 2007, PAGE 11B


THE TRIBUNE


:-


:r"








PAG 1BMODAYUAGUTI0,200STE RIUN


IA I,


S *.


..i~ $~*


.'.


"1. ,1


RBC is pleased to announce the opening of a new branch
.on Carmichael Road. This new location will house both
RBC Royal Bank of Canada and RBC FINCO under roof.
Here, Royal Bank will offer a full range of banking products
and services, while RBC FINCO will offer a full suite of
mortgage products and financial advice.



Services include:
Business and Consumer Loans
Personal and Business Account Services
Mortgage Loans
24-Hour ATM
Foreign Exchange Services
Night Deposits
Card Services
Royal Onlinet' Internet Banking
and more!

Come see us at the corner of Carmichael Road and Turtle
Drive. We look forward to welcoming you to our new
location soon!


* From left: Sherry Collie, manager of training and education,
Ministry of Tourism and Aviation; Gaetano Castellini, international
relations officer, Cabinet of the Mayor in Milan; Ambassador
Claudio Moreno, special envoy of Italy for Milano EXPO 2015
and Ministry of Foreign Affairs in Rome; Lorraine Armbrister,
under-secretary in the Ministry of Tourism anl Aation; Massimo
Cella, director general of the city of Milan;,' Pamela Moss,
executive in training and education, Ministry urism
(Photo,: 4 1ola Paciotta)



Italians




in joint 4




tourism




partnership




talks


FROM page 1

studies in tourism and the
economy of tourism.
Training in Italian will also
be part of the course, providing
the opportunity for students to
become skilled in a second lan-
guage.
Mrs Armbrister, acknowl-
edging the Italian offer of
scholarships for Bahamian stu-
dents, added: "I am advised
that the academic programmes
on offer are top-notch and we
look forward to sending our
'best and brightest minds' to
gain exceptional post-graduate
education in tourism manage-
ment and economics."
She also pointed out that the
successful Bahamian scholar-


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


ship recipients must apply to
and be accepted into a very
rigorous course of training.
The Italian delegation con-
sisted of Ambassador Claudio
Moreno of the Ministry of For-
eign Affairs in Rome; Massimo
Celia, the director general of
Milan; and Gaetano Castelli-
ni, international relations offi-
cer for Milan.
During the group's stay,
tourism training and education
executives briefed the Italian
delegation on the ministry's
existing and planned pro-
grammes, which were created
to ensure The Bahamas
remains on the cutting-edge of
the tourism industry.
Other items discussed at the
meeting included considera-
tion by the Minister of
Tourism and Aviation to
attend the BIT International
Tourism Exchange in Milan in
February, 2008; joint efforts
between Italy and The
Bahamas on environmental
preservation and tourism; a
long-term co-operative effort
between the Bahamian and
Italian governments, from 2008
to 2015, with respect to the
accessibility of higher technol-
ogy: and the possible estab-
lishment of a Bahamian work-
ing group for the Milan EXPO
2015 Scientific Committee.
Milan is seeking the support
of The Bahamas government
in its bid to host EXPO 2015, a
registered exhibition of the
Bureau International des
Expositions. The EXPO 2015 -
also known as the World Fair -
is a large, six-month-long inter-
national exhibition of an array
of products from food to tech-
nology.
Milan's theme for EXPO
2015 is 'Feeding the Planet,
Energy for Life' and some 29
million visitors are expected.


____L ~~_____I___II _________ _ ____ ~__II___ ____I__ __ I


PAGE 12B, MONDAY, AUGUST 20, 2007


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THE TRIBUNE


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