N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Volume: 107 No.229FRIDAY, SEPTEMBER 2, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNWITH SHOWER HIGH 87F LOW 76F T HE five most influential women in the Bahamas were identified by the US Embassy in a cable released by Wikileaks yesterday. They are: Tribune publisher Eileen Dupuch Carron, Court of Appeal president Joan Sawyer, former Deputy PrimeM inister Cynthia Mother Pratt, former Attorney Gener al Allyson Maynard-Gibson and domestic violence victims' advocate Sandra Dean-Patterson. In the 2007 cable Mrs Pratt, current Progressive Liberal Party MP for St Cecilia, was chosen because of her position as deputy prime minister and min ister of national security within TRY OUR McFLURRY SNICKERS The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM Most powerful Bahamian women Tribune publisher named in US Embassy ca ble LATESTRELEASEFROMWIKILEAKS DESPITE his claims to the contrary, former Tourism Minister Obie Wilchcombe had no impact on the implementation of the Western Hemisphere Travel Initiative (WHTI Wikileaks cable has revealed. The WHTI was a US law implemented in 2007, designed to WIKILEAK S C ABLE:FORMER MINISTER HAD NO IMPACT ON US TRAVEL LAW SEE page eight SEE page eight TRIBUNE PUBLISHER AND CEO Eileen Dupuch Carron By CELESTE NIXON Tribune Staff Reporter firstname.lastname@example.org THE NEW multi-million dollar Abaco airport terminal is expected to be completed in 2012. T he Prime Minister with cabinet ministers flew to Abaco yes terday to officially sign a $27 million contract to construct the new Marsh Harbour airport terminal. At the contract signing ceremony for the construction of the Marsh Harbour Airport Terminal Building, Air Traffic Control Tower and Fire/Crash Rescue Facility, Prime Minister Hubert Ingraham said the project has been a long time coming, almost 30 years in CONTRACT SIGNED FOR $27M ABACO AIRPORT TERMINAL SEE page eight P ROJECTTOBECOMPLETEDIN2012 By NOELLE NICHOLAS Tribune Staff Reporter email@example.com A LOCAL charity that claims the government stole its relief supplies says it has entered into talks with officials to resolve the matter. Darren Adler, director of the Humanitarian Operation foundation (HOPE Foundation said he is very confused about the actions of government officials in relation to his organisation. We are all very confused by this. We were not on a mission for any foreign government. We were not on a mercenary mission. And if we were, why would we put a press photographer on the flight? Did they think we were coming with special forces to wage war? And in that case, why did we go through immigration? Mr Adler wondered. The HOPE Foundation worked in partnership with a Florida-based security company, Sea Air Land Security Inc (SALS tary personnel and special-ops force members to deliver water and food supplies to residents in Cat Island, Eleuthera and other parts of the Bahamas. Together, the organisations operated two helicopters and a fixed-wing aircraft. They worked independently of the National Emergency Management Agency (NEMA also worked with Robin Hood Enterprises, which donated food and other supplies. Of primary concern for the joint effort was an incident last week in which defence force officials forcibly removed water and food supplies from one of its aircraft destined to help victims of Hurricane Irene, according to Mr Adler. The HOPE Foundation was SEE page eight By AVA TURNQUEST Tribune Staff Reporter firstname.lastname@example.org THE lowered outlook by an international ratings firm on the countrys investment-grade credit status has confirmed the governments economic mis management, according to the opposition. The country has maintained its A3 government bond rating; however, Moodys Investors Service has downgraded the countrys outlook from stable to negative due to limited growth prospects in the face of mounting debt accrued over the past decade. According to Moodys, 40 per cent of the countrys debt increase occurred in the past two years, pushing levels past the median for its rating range. The revised outlook follows a downgrade by rival firm Standard & Poors Ratings Services in 2008, according to the Progressive Liberal Party that said government borrowing and public spending are dangerously unsustainable. Standard & Poor affirmed its BBB+ on the Bahamas in May. Acknowledging the lowered outlook in a recent press statement, the government explained that the recent glob al economic and financial crisis necessitated the extraordinary levels of spending despite a precipitous decline in revenue. The government explained that funds were needed to safeguard the financial system, boost economic activity and provide assistance to Bahami ans badly in need of help in these trying times. The statement read: The unusually high rise in debt lev els therefore was not surprising and in fact forecasted by the Government in light of the CHARITY IN TALKS WITH OFFICIALS OVER ALLEGED STOLEN RELIEF SUPPLIES SEE page eight PLP S A Y S MOODYS DOWNGRADING ONFIRMS GOVTS MISMANAGEMENT THISTREE toppled by Hurricane Irene last week on Marathon Road has yet to be moved, forcing motorists to take alternative routes. TRAFFIC ISSUES F ROM T OPPLEDTREE F elip Major / Tribune staff
By DENISE MAYCOCK Tribune Freeport Reporter email@example.com FR E E PO RT W hi l e i n G ra nd B a ha ma t hi s w e e k B a h a m a s P u b l i c S e r v i c e s Union presi dent John Pinde r a s su re d m e m be r s t ha t the union' s finance s a re in o r d e r c o n t r a r y t o c l a i m s t hat a r e no w b ei n g made b y s o m e e x e c u ti v e m e m b e r s. M r P i n de r t ou r e d v a r i o u s g o v e r n m e n t a g e n c i e s o n Tuesday, meeting with civil s e r v a n t s a n d d i s t r i b u t e d ba c k -tosc ho ol s up pl i e s to members at BPSU Hall on Wednesday. D esp ite receivin g p os it ive f e e d b a c k c o n c e r n i n g h i s lea d er sh ip h e s ai d m emb er s are co nc e r n ed a b o ut cert ain r e m a r k s t h e y a r e h e a r i n g a b o u t t h e o r g a n i s a t i o n s financial reports. Mr Pinder said there are c l ai m s t h at t h e u n i o n 's f i n a n ci a l re ports hav e not b ee n signed off by an accounting f i r m a n d c a l l s a r e b e i n g m ad e b y h is o p p o n en t s f o r a f o r e n s i c a u d i t i n t o t h e union's finances. "The sad thing is that the p e r s o n s w h o a r e m a k i n g these claims are still part of o ur e x e c ut i v e te a m a n d th e y are no w vyi n g for v ario us p os i t i on s p a r ti c u l a r l y the presidency," Mr Pinder said. T h e u n i o n s u p c o m i n g elections are scheduled for September 31. Mr Pinder explained that t he u ni on i s m a n da te d by l a w u n d e r t h e I n d u s t r i a l R el at i o n s A c t t o p r o vi d e t h e R e g i s tr a r of tr a de un i on s w h o i s t h e d ir e c t o r o f l ab o u r w ith a c o py of the audited fi nanc i al re por t ea c h y e ar, usually on June 30. "I f we d o n ot co mp l y wit h t h e I n d u s t r ia l R e lat io n s A ct t he regist rar of t rad e u nio ns ha s the r i g ht to de re g i s te r the union, and we certainly don t ha v e tha t pro bl e m, he said. According to Mr Pinder, t h e u nio n 's f in a n cial r epo r ts a r e a u d i t e d b y r e p u t a b l e ac counting fir ms. W e wer e d is ap p o in t ed t o h e a r c e r t a i n p e r s o n s w h o w ere of fi ce rs of the e xe cut i v e t e a m i n d i c a t i n g t h a t they did not se e a ny fi n a nci al re ports be ing si gne d. We h ave m ad e avai lab le t o t h e p r es s all au d i t r ep o r t s un d e r o u r l e a d e r sh i p th a t v a r i o u s a c c o u n t i n g f i r m s w o ul d ha ve si gne d off on," Mr Pi nder sai d. H e n o t e d t h at s in c e t ak i n g o f f i c e t h e u n i o n h a s h a d thr e e di ffe r e nt a c c oun ti ng f ir ms co n d u ct au d it s of t h eir fina nce s. "Eve r y t h ree years we t ry to thro w out bi ds to se e i f we ca n g et th e best p rice on o ur a u d i t s," M r Pind er said He s ta te d tha t the a udi to r' s re p ort on the u ni o n' s f i n a n c es f o r 20 10 w il l b e p r es en t ed at t h e an n u al gen er al meeting on September 16. Add i t i o na lly he sai d that any me mber i n good standin g h a s a co n st i t u t io n al r igh t t o examin e th e b oo k s wh ich w i l l b e m a d e a v a i l a b l e t o them w i thin se ve n day s of a w rit t e n req u es t t o t h e gen era l se cre tary "If a ny m embe r ha s conce rns about any disc repa nc i e s o r a n y t h i n g t h e y a r e hea ri n g about the fina nce s t he y ha ve t he rig ht to come a n d r e v i e w a l l f i n a n c i a l reports in d e tai l ," he sa id. Mr P i n d e r s a i d a no t h e r c o n c e r n f o r m e m b e r s i n Fr e e port i s w he n the g ov e r nm e nt w i l l pa y t he o ut st a nd i ng i nc re me n ts ow e d th e m. H e b e l i e v e s t h a t i t i s unf ortuna t e tha t, whi le the g o v e r nm e n t ha s l i ft e d t he fr e e z e of f th e p ro m o ti o n s and the i n c rem ents fo r J uly 1, i t di d not se e fi t to m ake th e p a y ments fo r outst a nding ba ck pa y T h e m e m b e r s a r e a l s o w on de r i n g w he n th e y w i l l ge t a g e n e ra l i ncre as e, he adde d. The BPSU president said t he u nion has bee n pr e s sing government to come to the t a b l e t o n e g o t i a t e a n e w i n d u s t r i a l a g r e e m e n t H e s a i d s o m e o f t h e b e n e f i t s t he y are se eki n g for me mb e r s a r e h e a l t h i n s u r a n c e and improved pension ben efits and increments. T h e u n i o n h e s a i d h a s filed a trade dispute against t h e go ve r n men t fo r ref u sin g t o c o m e t o t h e t a b l e t o n eg o t ia t e a n e w in du st rial ag r e ement. Mr John Curtis, area vice pr e s i d e n t, s a i d Mr P i nd e r h a s pro ve n himself over t he p ast n in e years t o b e a t rad e union leader. He is urging members to re-elect Pinder and the We C a r e T e a m Y o u k n o w wh a t yo u have in M r P i n d e r and his team, but you don't k no w w h at y o u w ill get," h e said. M r Curt is said on ce ele ct ed, t he BPSU w ill make t he p os i t ion o f v ice p residen t of th e n o rt he rn r e g i on a fu l l time office. LOCAL NEWS P AGE 2, FRIDA Y SEPTEMBER 2, 201 1 THE TRIBUNE B P S U P R E S I D E N T A S S U R E S M E M B E R S T H A T U N I O N F I N A N C E S A R E I N O R D E R JOHN PINDER BPSU PRESIDENT A YOUNG man convict e d of ma n sl a ug ht e r i n t he S up r e m e C o ur t t h i s w e e k was given a t h reeyear b on d t h a t w i l l k e e p h i m o u t o f p ri s on b e c a u se o f th e c i r cumstance s of t he inci dent and the time he has already served. How e v e r, Se ni or Jus ti ce J on I s aacs m ad e it c lear t h at t h e b o n d c o u l d b e r ev o k e d i f t h e c o u rt s b e lieve d at a lat er d a t e t h a t s e n t e n c i n g w a s necessary. Fr i tz n e l D e c i u s, 2 1 w a s g r an t ed a $ 1, 0 00 b o n d wi t h a s u r e t y b y S e n i o r J u s t i c e Isaacs after the young man, w h o w a s r e m an d ed t o p r i s o n a t t h e a g e o f 1 6 a f t e r t h e s t a b b i n g d e a t h o f I s a a c S w e e t i n g o n O c t o b e r 1 2007. He said that Decius' time s p e n t i n p r i s o n w a s l o n g e n o u g h f o r h i m t o h a v e l ea r n ed a le s s o n as h e a d m i t ted to kil li ng the dece ase d in self defence. Senior Justice Isaacs also s a i d t h e b o n d w o u l d g i v e D e c i us t i m e t o pu rs u e h i s acad e m ic asp irat ion s, w h ich we re p ut on h ol d when he w a s w o r ki ng a s a p a c ki n g boy a t C ity Marke t to pay tui ti on to a tt e nd a pri v a te school. Swe eting w as a se curity guard a t a co m p a n y i n t he H a r b o u r B a y S h o p p i n g Centre. He was on duty at th e t i m e o f h i s d e a th A n a r g u m e n t b r o k e o u t b e t w e e n D e c i u s a n d t h e de c e a se d w hi c h l e d to the s t a b b i n g o f t h e s e c u r i t y guard behind the Kentucky Fried Chicken restaurant. Decius claimed that the s tab bin g wa s in self -d efen ce when he wa s pinn e d do w n a n d p u n c h e d b y t h e deceased who, he said, was th e a g g re s s or i n th e a rg u ment. C o w o r k e r s o f t h e d e c e a s e d h a d t e s t i f i e d t o s e ei n g S w ee t in g f le ei n g f r o m t h e re ar o f K FC wit h a k n if e i n h i s b a c k b u t d i d n o t know what had happened. D e c i u s w a s s t r o n g l y a d v i s e d t o r e m a i n o u t o f trou bl e He w a s re m in de d o f t h e p o s s ib i li t y o f t h e b o n d being revoked for sentenc i n g a t a fu tu r e d a te i f th e court thought it necessary. Terry Archer and Charl t o n S m i t h pr o s e c u te d t h e case while Richard Boodle was the defence attorney. Bond revocable for man convicted of manslaughter C O URT N EW S INSIGHT For the stories behind the news, read Insight on Mondays
B y DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org FREEPORT While in Grand Bahama this week, B ahamas Public Services U nion president John Pind er assured members that t he unions finances are in order, contrary to claims that are now being made by s ome executive members. M r Pinder toured various g overnment agencies on Tuesday, meeting with civils ervants, and distributed b ack-to-school supplies to members at BPSU Hall on Wednesday. Despite receiving positive feedback concerning his leadership, he said members a re concerned about certain remarks they are hearing a bout the organisations f inancial reports. Mr Pinder said there are c laims that the unions financ ial reports have not been s igned off by an accounting firm, and calls are beingm ade by his opponents for a f orensic audit into the unions finances. The sad thing is that the persons who are making these claims are still part of our executive team and they are now vying for vario us positions, particularly t he presidency, Mr Pinder said. The unions upcoming e lections are scheduled for September 31. Mr Pinder explained that the union is mandated byl aw under the Industrial R elations Act to provide the Registrar of trade unions, who is the director of labour,w ith a copy of the audited financial report each year, u sually on June 30. If we do not comply with the Industrial Relations Act,t he registrar of trade unions h as the right to deregister the union, and we certainly dont have that problem, he said. According to Mr Pinder, t he unions financial reports are audited by reputable accounting firms. We were disappointed to hear certain persons who were officers of the execu tive team indicating thatt hey did not see any financ ial reports being signed. We have made available, to the press, all audit reportsu nder our leadership that v arious accounting firms would have signed off on, Mr Pinder said. H e noted that since taking office the union has had three different accounting firms conduct audits of theirf inances. Every three years we try to throw out bids to see ifw e can get the best price on o ur audits, Mr Pinder said. He stated that the audi tors report on the unions finances for 2010 will be pre s ented at the annual general meeting on September 16. Additionally, he said that a ny member in good stand ing has a constitutional right to examine the books which will be made available to them within seven days of a written request to the general secretary. If any member has conc erns about any discrepancies or anything they are hearing about the financest hey have the right to come and review all financial r eports in detail, he said. Mr Pinder said another c oncern for members in F reeport is when the government will pay the outs tanding increments owed them. H e believes that it is u nfortunate that, while the g overnment has lifted the f reeze off the promotions and the increments for July 1, it did not see fit to make the payments for outstandi ng back pay. The members are also wondering when they willg et a general increase, he added. The BPSU president said the union has been pressing government to come to the table to negotiate a newi ndustrial agreement. He s aid some of the benefits t hey are seeking for members are health insurance and improved pension bene fits and increments. The union, he said, has filed a trade dispute againstt he government for refusing to come to the table to nego t iate a new industrial agreem ent. Mr John Curtis, area vice president, said Mr Pinder has proven himself over thep ast nine years to be a trade union leader. He is urging members to re-elect Pinder and the WeC are Team. You know what you have in Mr Pinder a nd his team, but you dont k now what you will get, he said. Mr Curtis said once electe d, the BPSU will make the position of vice president of the northern region a full time office. LOCAL NEWS PAGE 2, FRIDAY, SEPTEMBER 2, 2011 THE TRIBUNE 4`_XcRef]ReZ`_d+ X X X 4 BPSU PRESIDENT ASSURES MEMBERS THAT UNION FINANCES ARE IN ORDER J OHN PINDER B PSU PRESIDENT A YOUNG man convict ed of manslaughter in the Supreme Court this week was given a three-year bond that will keep him out of prison because of the circumstances of the incident and the time he has already served. However, Senior Justice Jon Isaacs made it clear that the bond could be revoked if the courts believed at a later date that sentencing was necessary. Fritznel Decius, 21, was granted a $1,000 bond with a surety by Senior Justice Isaacs after the young man, who was remanded to prison at the age of 16 after the stabbing death of Isaac Sweeting on October 1, 2007. He said that Decius time spent in prison was long enough for him to have learned a lesson as he admit ted to killing the deceased in self defence. Senior Justice Isaacs also said the bond would give Decius time to pursue his academic aspirations, which were put on hold when he was working as a packing boy at City Market to pay tuition to attend a private school. Sweeting was a security guard at a company in the Harbour Bay Shopping Centre. He was on duty at the time of his death. An argument broke out between Decius and the deceased which led to the stabbing of the security guard behind the Kentucky Fried Chicken restaurant. Decius claimed that the stabbing was in self-defence when he was pinned down and punched by the deceased who, he said, was the aggressor in the argu ment. Co-workers of the deceased had testified to seeing Sweeting fleeing from the rear of KFC with a knife in his back, but did not know what had happened. Decius was strongly advised to remain out of trouble. He was reminded of the possibility of the bond being revoked for sentenc ing at a future date if the court thought it necessary. Terry Archer and Charl ton Smith prosecuted the case while Richard Boodle was the defence attorney. Bond revocable for man convicted of manslaughter C OUR T NEWS INSIGHT For the stories behind the news, read Insight on Mondays
By SANCHESKA BROWN H UNDREDS of North E leuthera residents are still without water, electricity andp hone services, one week a fter Hurricane Irene deva stated the island. In addition to having no water with which to cook or bathe, no lights and no communication, residents have also now found themselves with no diesel. T he shortage of diesel has crippled the community and has also shut down operat ions at the North Eleuthera airport. I nternational flights at the airport have ceased as there is no more diesel to operate t he generators. There is no way for the pilots to communicate with the UNICOM system to clear for landing and the lights on the runway are not functioning. During a tour of the North E leuthera airport Thursday, t he PLP's candidate Clay S weeting said he offered to ship the diesel to the airportf rom Spanish Wells, but it was refused. "They told me they are getting the diesel from NewP rovidence. I don't know why they would do that. Its cheaper if they get it locally. They won't have to pay ship p ing fees and all that but they told me no. Its more expensive and it'll takel onger to get it from New P rovidence." PLP Leader Perry Christie said it is a shame that the airport is not functioningb ecause there is no diesel, especially in a place that attracts tourists. Its just appalling com ing into an international airport like North Eleuthera Airport and learning therei s no diesel and they are b eing held back by orders to only get diesel from New Providence as opposed top urchasing it in Spanish Wells he said. This is an area that has a lot of inter national residents who live in Harbour Island and rely on this airport." Lack of running water is also a major problem. Water and Sewerage Manager Gre gory Johnson said the cor poration is doing all it can to restore water to North Eleuthera. "Our generators have failed and our backup gen erators stopped working on Wednesday. They are old and they need to be replaced. There is little we can do until the power comes back on. The generators that ran the well fields aren't working so we are in the process of trying to get water from the naval base in South Eleuthera, but that too will only last for so long. So right now Harbour Island and North Eleuthera are without water." Bahamas Electricity Cor poration officials said theyhave restored power to most of the island. However, most of North Eleuthera, particularly Cupids Cay and James Cis tern, are still without pow er. One BEC worker, who wishes to remain anonymous, said the reason it is taking so long to restore power is because there are only 12 BEC workers for the entire island. "There is only a handful of us to do this entire island. We need help. No one has come to help us from Nas sau yet. We started in the south and we are working our way down, but so many poles are destroyed its g onna take forever for us to finish. We need more hands. We just cannot do this alone." In a press release from BEC, the company said: "In the islands where the damage was more extensive, CatI sland and Eleuthera, the Corporation has enlisted the assistance of Carilec (ana ssociation of electric utilities, suppliers, manufacturers and other stakeholders operating in the electricityi ndustry in the Caribbean). T hree teams are expected to be in the country by Sunday, September 41. Two of thet eams will be deployed to Cat Island and a third teamto Eleuthera where they will assist with the restoratione ffort." Gregory Collie, a resident, said with all the damage in Eleuthera, he finds ita ppalling that the Prime Minister would say the island was not badly damaged. How could he say that. W e have no power, no water, no communication. Most people have tarps on t heir roofs because of the damage. People have to replace furniture because the w ater was at least six feet high." Mr Christie and Mr Sweet ing were joined by PLP Deputy Leader Brave Davis and party chairman Bradley Roberts. They distributed bags of ice through o ut North Eleuthera to those without power. South Eleuthera was not b adly damaged. The team heads for Cat Island, today. LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 2, 2011, PAGE 3 0DULQHDYLJDWLRQ&RXUVHV J 7KHUHLVQRVXEVWLWXWHIRUWUDLQLQJDQGDW VHDWKHUHLVOLWWOHURRPIRUHUURUVRSODQWR DWWHQGWKH IUHHUVWFODVV RIWKH 7HUUHVWULDO 1DYLJDWLRQ&RXUVH RIIHUHG 7KH%D KDPDV 6FKRRORI0DULQH1DYLJDWLRQ DW %$65$+HDGTXDUWHUVRQ(DVW%D\6WUHHWRQ 0RQGD\6HSWHPEHUDWWKHQ FRQVLGHUHQUROOLQJLQWKHFRXUVH 2WKHUFRXUVHVLQFOXGH 6HDPDQVKLS XUGD\VfDQG &HOHVWLDO1DYLJDWLRQ 7RUYLVLW ZZZEVPQEL] HUNDREDS WITHOUT WATER, ELECTRICITY, PHONE SERVICES IN NORTH ELEUTHERA BEC WORKERS fixing power lines in James Cistern yesterday. Hundreds in North Eleuthera are still without electricity a fter Hurricane Irene. ONEWEEKAFTERHURRICANEIRENE PLPLEADER PERRY CHRISTIE :Its just appalling coming into an international airport like North Eleuthera Airport and learning there is no diesel and they are being held back by orders to only get diesel from New Providence as opposed to purchasing it in Spanish Wells
E DITOR, The Tribune. When you look around New Providence today, what do you see? When you think of our institutions what do they offer?What does The Bahamas look like now? Arew e only sun, sand and sea or are we promise, potential, and possibilities? I think the later. Some Bahamians look a round in New Providence through impatient eyes and see mounds and mounds of dirt, debris and open trenches. They see workmen and equipment digging, placing pipes and paving the roads in many of our major thoroughfares. I, however, lookn ot at the present state but t he future; I see the infrastructural improvements in fiber optic cabling, underg round utilities for water and power. I see what the roadwork will offer, what it willc hange and what it will i mpact. Thinking of underground utilities, in light of the passing of Hurricane I rene, imagine if all utilities w ere underground, the loss of service would have been m inimal at best. There would be little to no pole damage, and little to no disruption of service; that is what I see in the future Bahamas. W hen I am inconvenienced by the traffic diversions due t o the road work, instead of getting enraged, I envision the more efficient flow of traffic that will result from the completed roads. Similar t o what we now experience with the six legged round-about, this junction has d ecreased my morning and afternoon travel by at least 1 0 minutes due to its more e fficient traffic flow. The road improvement should bring about ani mprovement in the water q uality throughout the island of New Providence as sever al aged corroded pipes will be replaced enabling the uninhibited flow of reverse osmosis water to areas that c urrently experience rust in their water supply. The road project will improve the fiber optic capa b ilities throughout the island which will increase techno logical advances within The Bahamas. In the future, The Bahamas will continue with e-health by improving the health service delivery by the a vailability of specialist care at our fingertips. In the not too distant future, the newo perating theatres at the Princess Margaret Hospital will be fitted with videocon ferencing technology where Specialist Surgeons can provide assistance during actu al surgery particularly bene ficial when patients are unable to travel. Telemedicine will be expanded into new areas of specialty, ast here is notable success in this medical advancement; Abaco, and Andros patients are seen via videoconferencing by Specialist here in Nassau. I envision e-health continu ance through the introduction of electronic medical r ecords, where patients would no longer travel with their medical files but the file will electronically follow t hem to any connected clinic, private practice or hospital. O ur future has already s tarted taking shape; we have embarked on the journey to j oin the rest of the world t hrough globalization. The i ntroduction of e-government v ia online applications for passports, registration for g overnment service and the gradual move to additional o nline services will propel T he Bahamas into this age of technology. T his translates to persons in any island of this archipelago having the means and opportunity to renew drivers licenses, apply online for gov e rnment services and pay taxes like Real Property online. S imilarly, to our current abili ty to book airline tickets, transportation and accommodation online to facilitate o ur travel abroad. I see online ordering of groceries for New Providence and Family Islands with theo ption of home delivery. Online bill payment would eventually become the norm w ith most banking transactions conducted online instead of travel to theb anks. I see our tourism industry positively impacted by our partnership in the globaliza t ion of the world. Our future can be littered with endless opportunities, when our val-u ed tourists come to our shores no matter the island of their destination, they can connect to our website via s martphones to make online reservations at restaurants, to get directions for their rental cars, to contact tour and island activities and to get help in case of emergency. I see the offering ofo ur craft, straw work and junkanoo art online with the global market at our doorstep waiting to quickly purchase the items so remi niscent of their island in the sun. How about dutyfree shopping online, a visitor can use their smartphone to purchase items that would be delivered to their airplane for their convenience. With the Baha Mar and Atlantis anchors, we expect a bright future in the tourism market, with these bright stars leading the way. I think of a marriage between east and west with Baha Mars Chinese influence and Atlantis tapping into the L atin countries, we have an opportunity to not only showcase our Bahamian culture but learn the culture and languages of these new tourists to our shores. I was so impressed to see the Copaf lights landing from its Latin American ports bringing many bright eyed eager Spanish speakers to The Bahamas, that I am inclinedt o brush up on a little Spanish, as I was always intrigued by their rich, vibrant culture and would welcome a culture fusion from this marriage of convenience. That brings me to my next point as we look at our crystal ball into the futureB ahamas, education. We m ust old and young alike, invest in our continued education.We have an opport unity to expand into e-learning for those that may not have done well in highs chool, these individuals can e xplore continued education to brush up on the skills that are required in the job mark et. Those that wish to e nhance or change their career can also use e-learning e ither with COBs Continued Education or by various online courses and degrees offered by many institutions within the global education m arket. The opportunity encompasses individuals in t he Family Islands to broaden their horizons through the e-learning portals and tap into educational institutions that were not traditionally a vailable to them. We must learn from the influences that grace our s hores and infuse it with our unique flare that make our p roduct a special one. The B ahamas has enjoyed, over the years, many cultural influences; now lets take it tot he global stage. Lets offer t he world our Bahamian products, not only when peo ple travel here, but when they google Bahamas they are inundated with vibrant junkanoo art, with straw c rafts and the memory of the sweet island life. Lets take over the internet market; we have so much to offer as a s mall nation. We are not an industrial nation, we are not a horticultural nation or a technological giant but we are a cultural giant. Our future showcase our culture well beyond our shores, we c an take the world by storm. As the traditional employment opportunities locallyb ecome saturated we must flex and expand to the global market. I implore you, if you have an entrepreneurial idea, sit down with an internet savvy young adult and allow your mind to meld with theirs unlocking the endless world of promise, potential and possibilities. Tune in to the second chapter of A Bahamas Tomorrow E-Bahamas, where we will explore new opportunities for business and employment. DR HUBERT MINNIS, MP Nassau, August 30, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, FRIDAY, SEPTEMBER 2, 2011 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. Publisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas I nsurance Management Building., P.O. F-485, Freeport, Grand Bahama TELEPHONES S witchboard (News, Circulation and Advertising) 322-1986 A dvertising Manager (242 C irculation Department (242 N assau Fax: (242 WHEN ONE thinks of hurricanes in past years, one is amazed at how far we have advanced with technology, and yet how complicated our lives have become since leaving the simple things behind. Today we complain because we have no electricity during and after a storm. In the old days one did not expect to have electricity during a storm, and certainly not for a long time after. We couldnt switch on a light, but we could turn up the wick in the lantern, which just needed a little oil and a match to keep it burning. The washing machine could not be used to wash our clothes, but the big tub and the old wash board was still handy. As for ironing the clothes the old goose, with its simmeringhot coals and the little pin to keep top and bottom together did as good a job as any of todays electric irons. But those days and those handy gadgets are gone. We are modern, with modern gadgets that always let us down in times of crisis. If the electricity fails, and there is no generator to kick in, we are dead in the water as helpless as a new born babe, and as grumpy as a toothless old man. Although we have telephones, cell phones, Internet, cable and all the other fancy little communication trinkets, if BEC fails we are out of touch. We were very aware of this dilemma on Friday when we were cut off from our office during the pro duction of Saturday mornings Tribune. What a helpless, hopeless situation to be in. Apparently, Cables equipment is pow ered by BEC and so when BEC is off, Cable is dead. In the old days you had none of these fancy communication systems, so you expected to be out of touch. There was no panic. Today, no one expects to be shut off wasnt modern gadgetry meant to end those inconveniences? It is the expectation of what should be, but isnt that drives one crazy. However, at this point we would like to thank Mr Gomez, chief engineer at Cable, who we promised would have his Tribune hanging on his gate Saturday morning if somehow he could touch his AladdinsLamp and kick some life into our comput ers. Although he failed for Friday night, his team had us on by Sunday in time for Mon days Tribune and its been straight sailing ever since. We hope that Cable will find some way to disentangle itself from its dependence on BEC. But really it is remarkable how far we have come. In the old days it took several days, sometimes weeks, for an islands representer todays MP to find transport to get to his constituency. And if the wireless operator had abandoned his station to go to his field, leaving no one to crank the old Morse code machine, the representer was doubly out of touch, not knowing whether his constituents were dead or alive. However, when the representer eventually arrived, transport to take him from settlement to settlement was another problem. He had the choice of shanks pony that is his own two feet a dingy or in the case of our uncle Eugene Dupuch, QC, on at least one occasion in Acklins on the back of a bony old horse. We can assure you he was no horseman, so it must have been a most uncomfortable ride over rough terrain. Today those days are light years behind us. By Saturday after Hurricane Irene had vented her fury on our island chain, Prime Minister Ingraham was in a helicopter not the Aga Khans this time and off to Cat Island, the hardest hit of all the islands. By using a helicopter that can fly and land where an aircraft cant he had covered most of the stricken communities by Wednesday. But even more remarkable is the information that he has gathered on the damage to the islands. For this hurricane Government invited the Eagles Wings Foundation to send two Pathfinder Task Force Type V teams to the Bahamas to do a rapid damage assessment of sewage, water, electricity, academics, transportation, medical and security, and to deliver critical goods to settlements throughout the islands. Within three hours of the all clear being given on Hurricane Irene, the team was in the Bahamas and on the job. Data was collected on the teams cell phones and geocoded on data and pho tos all done without Internet, cell towers, and as in Cat Island with all electrical power down. A delivery of essential goods was started. Pathfinders invented this software, which no one else has. They used it after the catastrophic earthquakes both in Haiti and Japan. Their work is remarkable with maps and aerial photographs and detailed information on each island. It is a tremendous guide to follow when time is of the essence in relief work. While we Bahamians complain, we only have to look across the Gulf at the chaos in the United States to realise how lucky we have been in the wake of this hurricane. As Irene worked her way up the United States east coast she left 45 dead in 13 states, tens of billions of dollars in damage and at least two million people still without electricity. In the Bahamas, although there has been much property damage, there have been no deaths. Really, Bahamians have much to be thankful for. The Bahamas of tomorrow LETTERS l email@example.com The Bahamas has much to be thankful for
By TANEKA THOMPSON Deputy Chief Reporter firstname.lastname@example.org MORE than two hundred structures on Cat Island were affected and 14 homes and other buildings destroyed by Hurricane Irene, according to a rapid damage assessment by Pathfinders Task Force. Pathfinders, supported by the US Eagles' Wings Foundation, has also mobilised $130,000 worth of aid to Cat Island. "We were able to within 18 hours get donations from US donors and accumulated over $130,000 in relief supplies, many tonnes of meals ready to eat. "Rice and beans, roof tarps and emergency building sup plies," said Scott Lewis, incident commander, from Abaco yesterday. The goods were to be shipped from Nassau and to Cat Island yesterday. After assessing 600 structures on Cat Island the hardest hit by the tropical cyclone theg roup found that 277 structures were affected; 197 structures h ad minor damage; 112 structures had major damage and 14 homes or structures were destroyed. The assessment team found that 443 structures on Eleuthera were affected, 40 of them hadm inor damage and five homes or other structures sustained m ajor damage during the storm. The team also assessed sewers, water, electricity, acade mics, transportation, medical, and security on Abaco. The group, an American volunteer organisation, was engaged by the National Emergency Management Agency ( NEMA) to help assess the three islands after the category three storm swept over the Bahamas last week. Rapid Damage Assessments contain information about indi-v idual structures and classify structural damage based on T ype and Damage Condition. Their reports also contain geo-tagged photos which provide a picture of where critical areas are and what resources are needed. "We supply the information a nd let the government make its own judgment as to how best t o respond. We provide them with critical, accurate GPS located data and that's what's important," said Mr Lewis. "A lot of people take pictures but we take pictures with mili tary spec cell phones, we have 400 of them that our team uses a nd they also attach an on-site report that's customised it all works with no cell towers and no Internet." The information will be reviewed by government tod etermine whether the damage sustained was a result of subs tandard building codes, bad location or simply the sheer force of the storm, said Mr Lewis. The team used the same software to help governments in Haiti, Japan and the UnitedS tates after natural disasters in those countries. By LAMECH JOHNSON CHIEF Magistrate Roger Gomez gave the Attorney General's office a little more than two weeks to produce a Voluntary Bill of Indictment that was supposed to have been served in Magistrates Court Wednesday morning. The VBI, which directly forwards a legal case to the Supreme Court, was intend-ed to be presented to four men charged in connection with the shooting death of a teenager last year. Berkley Miller, 17, of Stapledon Gardens, was walking on Regent Street in Miller's Heights on May 7 last year when he was shot and killed. Seriozha McKenzie, 31, Meritt Forbes 26, Kooban Barr, 26, and Teddy Butler, 24, were charged in connection with the murder of the teenager on August 9, one day after they were re-arrested shortly after being discharged by Magistrate Derence Rolle-Davis of Court Five, Bank Lane for the same matter. However, when the accused men and their lawyers Jomo Campbell, Michael Kemp and Dion Smith appeared in court Wednesday morning, a representative from the Attorney General's office had not shown up. The attorneys told Chief Magistrate Gomez that they were disappointed that a matter such as murder and conspiracy to commit murder had not been taken as seriously as the prosecution had said it would at the arraignment on August 9, when they indicated plans to proceed with a VBI, saying it would be ready on August 31. Mr Campbell, who represents Seriozha McKenzie, said it was unfortunate that the courts are blamed in the media for the extensive backlog in cases and hinted that the real blame lay with pros ecutors who did not show up when they were supposed to. "They blame the courts, he said. We are all here today, your worship. There is only one missing seat." However, because the circumstances of counsels absence was not known, Chief Magistrate Gomez gave the Attorney Generals representative time to appear with the bill and stood the matter down to 2pm the same day. When counsel Sandradee Gardiner of the Attorney Generals office showed up in court that afternoon, she asked that the matter be adjourned to a date in September for the VBI presentation. "That is not yet ready,"s he said. Mr Campbell immediately objected to an adjournment because of the history of the case and the prosecutions handling of it. Mr Campbell reminded Chief Magistrate Gomez that Magistrate Davis-Rolle ofC ourt Five, after hearing the matter "for almost two calendar years" in a Preliminary Inquiry, had discharged the defendants on August 8 after medical records were not produced as ordered by the judge and after the lead investigati ng police officer failed to show up in court. He felt it would be unfair for his client and the other defendants to go through another costly process because of the Attorney Gen-e rals offices failure to have a VBI ready as promised. "My c lient should not be asked to pick up the slack for somebody else," he said. Dion Smith, representing Teddy Butler and Kooban Barr, agreed to the objection due to "no reason" being giv-e n as to why the bill was not ready. C hief Magistrate Gomez indicated that there would be no further adjournments if the Voluntary Bill of Indict ment were not ready on September 16. This gives the Attorney Generals office a little more than two weeks to prepare the bill. McKenzie remains on $25,000 bail while Forbes, Barr and Butler were remanded to Her Majesty's Prison. LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 2, 2011, PAGE 5 A JAMAICAN was the last of four men arraigned in Magistrates Court in connection with a high speed chase that resulted in police seizing more than 500 pounds of marijua na. Jason Noble, 33, of Grant Street appeared before Magis t rate Carolita Bethel yesterday. He was charged with conspiracy to possess dangerous drugs and possession of dangerous drugs with intent to sup ply. N oble was remanded to prison and will return to Court 8 on September 5 for a bail hearing. He with Trevor Cartwright, 32, of Whites Subdivision, Travolt Bartlett, 29, of St James Road, and Nelson Johnson, 35, of Cordeaux Avenue and Market Street will appear in court on November 28 when their trial begins. THE Cape Eleuthera Island School hosted a clean up at Jaws Beach to raise awareness of environmental conservation. Alumni of the Bahamas Environmental Stewards Scholarship (BESS (DCMS bridges between Eleuthera and Nassau while promoting envi ronmental awareness. Both groups work collaboratively with the Island School and Cape Eleuthera Institute. "It's exciting that we can hold events like this in Nassau," explained Kalin Griffin who organized the event for the Cape Eleuthera Island School. "It really gives our alumni the opportunity to connect and share ideas with like-minded individuals and share our message of conservation here in Nassau." Supporters on hand to help with the cleanup and meet with alumni included members from the East Nassau Rotaract Club; Eric Carey, executive director of Bahamas National Trust; and Casuarina McKinney-Lambert, executive director of the Bahamas Reef Environment Educational Foundation (BREEF POLICE are looking for thugs who shot an 18-year-old youth at a nightclub in Fox Hill. Preliminary police reports state that the victim was at the Ju Ju Tree Club on Johnson Road at 9.45 pm when he was approached by the occupantsof a silver Honda Inspire. The culprits then opened fire on the victim, police were told. The victim was taken to hospital by EMS where at last report he is in stable condi tion. Police have appealed to the public to come forward with information on this shooting. JUVENILE ARRESTED FOR AMMUNITION A 17 -year-old juvenile male was taken into custody after he was allegedly found in possession of a quantity of ammunition. Police reports indicate that the teenager was arrested at 8 pm Wednesday. According to police reports, officers of the Central Detective were on rou tine patrol on Quakoo Street when they searched the teenag er and recovered the ammunition. Active police investigations continue. C APE ELEUTHERA ISLAND SCHOOL HOSTS REUNION BEA CH CLEANUP IN N ASSAU HELP SOUGHT IN LOCATING SUSPECTS FOURTH MAN ARRAIGNED IN CONNECTION WITH POLICE CHASE AND DR UG BUST COUR TNEWS COURTNEWS POLICE NEWS AGS OFFICE GIVEN TWO WEEKS TO PRODUCE VBI FOR MURDER CASE CAT ISLAND:14 HOMES, BUILDINGS DESTROYED BY HURRICANE IRENE THEROOF of this church in Cat Island was torn off in Hurricane Irene. PATHFINDERSTASKFORCERAPIDDAMAGEASSESSMENT
LOCAL NEWS P AGE 6, FRIDA Y SEPTEMBER 2, 201 1 THE TRIBUNE THE National Emergency Man ag em en t Ag en cy ( NEM A ) r e pr e s e n t a t i v e s m e t l a t e W e d n e s d a y evening with leading members of a C a r i b b e a n D i s a s t e r E m e r g e n c y M a n ag e m e n t A g en c y r i s k a s s e s s m e nt te a m, w h o a re in C a t Isl an d, i n response to the damage caused by H u r r i c a n e I r e n e t h r o u g h o u t t h e Bahamas. T h e C ar i b b ea n D i s a s t e r E m e r ge n cy M a n ag e me n t A g en c y t e am ( CDEM A ) we nt to C at I s la nd on T h u r s d a y t o c o n t i n u e t o s u p p l y th eir te ch nica l expe rtise a nd linki ng with other agencies on the island s u c h a s t he B a h a m a s E l e c tr i c i ty C o rporation, the Water and Sewerage C o rp ora ti o n, B T C B a ha m a s a n d th e Ro ya l B a h a m as D e f e n ce F o r ce N EMA's Operation s Mana ger M rs. Gayle Outten-Moncur said. T h e y wi l l a l s o s p e a k w i t h t h e I sla n d Ad mi ni st ra tor w ho w il l br in g them up to speed' on what is hap pening on the island at that time." M r s O u t t e n M o n c u r s a i d t h e B a ha mas is a pa rtic ip ati ng me mb ers t a t e o f C D EM A a n d t h e t e a m s expertise is welcomed. "It was on our invite that CDE M A was a b le t o c om e ," s h e s a id "This is actually a part of the work ing m echa nis m, when y ou l ook at r es p o ns e in t he di s as t e r pl an no t only in NEMA, but regionally." Te c h n ic al Ma n a g e r f o r C D E MA 's Pre pa r e dne ss a nd C ount r y Supp ort, M s A n d r e a G r o s v e n o r s a i d t h a t CDEMA is the agency established b y C a ri c om to o v er se e di sa st er m a nag ement in the region A c r oss the 1 8 m e m b e r s t a t e s i n t h e r e g i o n CDEMA implements management strategy that looks at all phases of di s as t er ma na gem en t a nd all ha za r d s s u c h a s ea r t h q u a k e s h u r r i ca n e s a n d a l l t h e p e o p l e s o f t h e re gion w ho can be a ffec ted by a disa s te r o r c a n a ss i st i n re s po n d in g to it "F or a num ber of isl ands i n the reg ions it is very i mpor t ant t o be involved in a system like CDEMA b e c a u se w e f a c e so m a n y s i m i l a r h a z ards in the Caribbean region and it all ows us t o be a bl e to und er t ake sim ilar app roaches t o how we can handle them," Ms. Grosvenor said. It se t s up a b r oa d f ra m e w o rk th a t we c a n wor k f ro m, it all ows us to mobilise resources that can support a n um b e r of c ou n tr ie s, i t a ll o w s u s t o have standards that we can all have t o d el iv er ou r p r og ra mm in g," sh e added. A t a n a t i o n a l st a n d p o i n t w e h a v e c o o r d i n a t i n g a g en ci e s t h a t wo r k t o g e t h er b r i n g i n g t h e i r ex p e r t i s e and technical skills, enabling assis ta nc e an d h el p to oth e rs, a s it re l at e s to emergencies in the various tech n ical a rea s, Mr s Ou tt enMo ncur said. Ms G rosv e n or sa id t ha t a j un c tu re l ike t his wher e T he Bahamas has be e n a ff ec t e d by a st o rm th a t c a use d l o s s e s t h e C D E M A m e c h a n i s m b e c o me s i m p o r t an t b e c au s e, a s a p a rt o f t h a t p r o c e s s, t he re i s a re g i on al response mechanism. "T he r eg i on a l r e s p o ns e me ch a n i s m r ea l l y i n v o l v es a n u m b e r o f a c t o r s (p a r t i c i p a n t s ) a n d a n u m b e r o f procedures and plans and arrange m ents th at r eally f acili tat e m utu al ass ista n c e to a c ou ntr y th at h a s b e en a ff e c te d s he s a i d It i nv ol v e s, a l so exte rnal inp uts tha t supp ort it be ing delivered." F o r e x a m p l e M s G r o s v e n o r e x p l ai n e d w h en H u r r i c an e I r e n e a f f e c t e d T h e B a h a m a s CD E M A w ou l d h a v e b e e n m o n it o ri ng t he sy st e m h a d c o n s t a n t c o n t a c t w i t h N E M A a n d w o u l d h a v e b e e n pr epari ng r epor ts and inf ormat ion to be shared with a variety of part ners. Then when The Bahamas was able to indicate areas of need, she added, CDE M A wa s able to ide nt ify and work with a number of part ners in delivering on those needs. "Fo r instanc e, we w ere able to do the ae r i al r e co nnai s san ce ov er Ackl i n s I s l a n d L o n g I s l a n d a n d C a t Island, earlier this week," she said. "We w ere also able to based on th e n e e d s th a t w e re sp e c i fi c a l l y i d e ntifi ed send i n on S atu rda y (Aug ust 27 ) a sh ip me nt o f rel ie f su pp li es in to M a y a g u a n a a n d A c k l i n s I s l a n d isl an ds th at w e re si gn if ic a ntl y a ffe c ted. "Now we are working to support t h e g o v er n m e n t o f T h e Ba h a m as and NEMA in conducting a Rapid Needs Assessment in Cat Island, a significantly affected island in The Bahamas." Ms Gr osv en or sa id t ha t th e R ap id N e e d s A s s e s s m e n t i s i m p o r t a n t b ecau s e it g ive s a p ict ur e o f wha t are the critical impacts and the crit i c a l n e e d s e m e r g i n g f r o m t h o s e impacts in 72 hours. "We know that the Government of The B aha mas al r e ad y has a num ber of pe ople on the ground and we wil l als o be wor kin g w i th t hem t o see how we can ensure that we are a l s o s t r e n g t h e n i n g w h a t t h e y a r e d o i n g s o t h a t a t t h e e n d o f t h i s process, you will not only have the Rapid N eeds As ses sment, but you also have a detailed as sess me nt of w h a t t h e G o v e r n m e n t o f T h e Bahamas is doing," Ms. Grosvenor said. Tha t g iv es a g ood p ic ture o f h ow reall y and truly we ou ght to a ddress the response and recovery efforts," she added. "That is done basically thr o ugh the support of our mem ber states." M s G r o s v en o r s a i d t h a t am o n g those o n th e tea m d oing th e Assessment ar e repr esent atives f rom t he University of the West Indies, both the B arbad os a nd Ja maic an C oastal Z o n e U n i t s t h e P a n A m e r i c a n H e a l t h O r g a n i s a t i o n a n d t h e Jamaica Defence Force and Spatial Data Management Division. "These are all Caribbean people coming together to help our neigh b o u r a t t h i s t i m e w h o h a s b e e n impacted by an emergency event," she said. M s Gro sven or s aid that NE M A is an intrinsic part of the CDEMA sy ste m, wi th a n on g oin g p rog ra mm e of partnership and response. F o r i n s t a n ce wh e n H u r r i c a ne Keith hit Be l iz e in 200 0, the Government of The Bahamas, through the Roy al Baha mas De fence Force se nt a t ea m o f en gi ne e rs t o B el iz e t o h e l p bu i l d ho m e s sh e sa i d T h a t i s the type of assistance that has been p rov i de d a n d th er e a re se v e ra l ot he r examples." S he a d d e d th a t th e y a r e a l s o w o rk ing on an overall programme with N EMA, p rov idin g assi s t anc e to Th e B a h a m as o u tsi d e o f t he re a lm of di saster response. For i nstanc e, the y are wo r ki ng on a pro je c t tha t is fu nd ed b y t he E u ropean Union, in the Eleuthera com m uni tie s suc h a s Sp an ish We ll s, T h e B l u f f T h e C u r r e n t a n d L o w e r B ogu e A lso th ere are ot her pr ogra mmes fu nded by th e Canad ian go ve r n me n t o n pr e p ar e d ne s s an d mitigation. S o i t i s n o t o n l y a b o u t t h e r e s po n s e Ms G r o sv e n or sa i d W e d o no t o n l y c o m e i n a ft e r th i n g s ha p pen; but it is a general programme t h r o u g h ou t t h e y ea r t h a t we a l s o offer." "With all this in mind, CDEMA w i l l c o n t i n u e t o l i n k w i t h u s t o ensur e t hat all of the agencies are on the same page, as we move for w a r d i n t h e a s s e s s m e n t s f o r C a t Is land Ackli ns an d oth er heavi lyi m p a c t e d i s l a n d s M r s O u t t e n Moncur said. N E M A M E E T S W I T H C D E M A R I S K A S S E S S M E N T T E A M B A HA M IAN AN D C ARIBB E AN AGEN CIES ASSES S H URRIC A NE DAMAGE P LANNI NG: Ope rat ion s M an ag er a t the N ati on al E me rge n cy M a na ge me nt Ag en cy (NEM A), Mrs Ga yl e Out te n-Mo nc ur (c en tre ), work s with Tec hn ica l Man age r fo r Ca ribbe an Di sas te r Em erge ncy Man age me nt Agen cy 's (CDEMA) Prep ared ne ss a nd Coun try S upp ort M s. An drea Gro sv en or (l eft) a nd Sen ior Prog ramm e Offic er Sa rah Li one l la te Wed ne sd ay e ve nin g. CDEM A wa s in Th e Bahamas assisting with Hurricane Irene response efforts.
LOCAL NEWS PAGE 6, FRIDAY, SEPTEMBER 2, 2011 THE TRIBUNE THE National Emergency Management Agency (NEMA sentatives met late Wednesday evening with leading members of a Caribbean Disaster EmergencyM anagement Agency risk assessm ent team, who are in Cat Island, in response to the damage caused by Hurricane Irene throughout the Bahamas. The Caribbean Disaster Emergency Management Agency team (CDEMAT hursday to continue to supply their technical expertise and linking with other agencies on the island such as the Bahamas Electricity Corporation, the Water and Sewerage Corporation, BTC Bahamas and the Royal Bahamas Defence Force,N EMAs Operations Manager Mrs. Gayle Outten-Moncur said. They will also speak with the Island Administrator, who will bring them up to speed on what is happening on the island at that time. M rs Outten-Moncur said the Bahamas is a participating members tate of CDEMA and the teams e xpertise is welcomed. It was on our invite that CDEM A was able to come, she said. This is actually a part of the worki ng mechanism, when you look at r esponse in the disaster plan, not only in NEMA, but regionally. Technical Manager for CDEMAs Preparedness and Country Support, Ms. Andrea Grosvenor said that C DEMA is the agency established by Caricom to oversee disaster mana gement in the region. Across the 18-member states in the region, CDEMA implements management strategy that looks at all phases of disaster management and all haza rds, such as earthquakes, hurric anes, and all the peoples of the r egion who can be affected by a disa ster or can assist in responding to it. For a number of islands in the r egions, it is very important to be involved in a system like CDEMA because we face so many similar haz ards in the Caribbean region and it a llows us to be able to undertake similar approaches to how we can handle them, Ms. Grosvenor said. It sets up a broad framework that we can work from, it allows us to mobilise resources that can support a number of countries, it allows us to have standards that we can all have to deliver our programming, she added. At a national standpoint, we have co-ordinating agencies that workt ogether, bringing their expertise a nd technical skills, enabling assistance and help to others, as it relates to emergencies in the various technical areas, Mrs. Outten-Moncur said. Ms Grosvenor said that a juncture like this, where The Bahamas hasb een affected by a storm that caused losses, the CDEMA mechanism becomes important because, as a part of that process, there is a regional response mechanism. The regional response mechanism really involves a number ofa ctors (participants procedures and plans and arrangements that really facilitate mutual assistance to a country that has been affected, she said. It involves, also, external inputs that support it being d elivered. For example, Ms Grosvenor e xplained, when Hurricane Irene a ffected The Bahamas, CDEMA would have been monitoring the syst em, had constant contact with N EMA, and would have been p reparing reports and information t o be shared with a variety of partners. Then when The Bahamas was able to indicate areas of need, she added, CDEMA was able to identify and work with a number of partn ers in delivering on those needs. For instance, we were able to do t he aerial reconnaissance over Acklins Island, Long Island and Cat Island, earlier this week, she said. We were also able to based on the needs that were specifically ident ified send in on Saturday (August 2 7) a shipment of relief supplies into M ayaguana and Acklins Island, i slands that were significantly affect ed. Now we are working to support the government of The Bahamas and NEMA in conducting a Rapid Needs Assessment in Cat Island, as ignificantly affected island in The Bahamas. Ms Grosvenor said that the Rapid Needs Assessment is important because it gives a picture of what are the critical impacts and the critical needs, emerging from those i mpacts in 72 hours. We know that the Government of The Bahamas already has a numb er of people on the ground and we w ill also be working with them to see how we can ensure that we are a lso strengthening what they are doing, so that, at the end of this process, you will not only have the Rapid Needs Assessment, but you also have a detailed assessment of w hat the Government of The Bahamas is doing, Ms. Grosvenor s aid. That gives a good picture of how really and truly we ought to address the response and recovery efforts, s he added. That is done basically through the support of our member states. Ms Grosvenor said that among t hose on the team doing the Assess ment are representatives from the U niversity of the West Indies, both t he Barbados and Jamaican Coastal Z one Units, the Pan American Health Organisation and the Jamaica Defence Force and Spatial D ata Management Division. These are all Caribbean people coming together to help our neighb our at this time, who has been impacted by an emergency event, she said. Ms Grosvenor said that NEMA is an intrinsic part of the CDEMA s ystem, with an ongoing programme of partnership and response. For instance, when Hurricane Keith hit Belize in 2000, the Government of The Bahamas, through the Royal Bahamas Defence Force, s ent a team of engineers to Belize to help build homes, she said. That is the type of assistance that has been provided and there are several other e xamples. She added that they are also worki ng on an overall programme with N EMA, providing assistance to The B ahamas outside of the realm of disaster response. For instance, they are working on a project that is funded by the Euro p ean Union, in the Eleuthera communities such as Spanish Wells, The B luff, The Current and Lower Bogue. Also there are other programmes funded by the Canadian government on preparedness and mitigation. So, it is not only about the response, Ms. Grosvenor said. We d o not only come in after things happen; but it is a general programme throughout the year that we also offer. With all this in mind, CDEMA will continue to link with us, to ensure that all of the agencies are on the same page, as we move for w ard in the assessments for Cat Island, Acklins and other heavilyi mpacted islands, Mrs. OuttenM oncur said. NEMAMEETS WITH CDEMA RISK ASSESSMENT TEAM BAHAMIAN AND CARIBBEAN AGENCIES ASSESS HURRICANE DAMAGE PLANNING: Operations Manager at the National Emergency Management Agency (NEMAcentre w orks with Technical Manager for Caribbean Disaster Emergency Management Agencys (CDEMA S upport Ms. Andrea Grosvenor (left Bahamas assisting with Hurricane Irene response efforts. E R I C R O S E / B I S P h o t o
LOCAL NEWS THE TRIBUNE FRIDA Y SEPTEMBER 2, 201 1, P AGE 7 By JASMINE LOPEZ T H E Wor ld L ea r ni ng O r g an iz a tio n i s o ffe r ing gran ts t o local n on -go vernment al organ isations for HIV prevention initiatives. W L O h a s i n vi t e d l o ca l N GOs t o su b mi t concept papers on HIV prevention targeted towards person in the most "at-risk" demo graphics. R u t h J a n k e e p r o j e c t d i r e c t o r o f t h e HIV/AIDS Grant Solicitation and Manage ment Programme, said the concept papers s h oul d focu s on p r o m iscuo us men, sex w orkers and sexually active youth. "For our project we are focusing on men who have sex wi th m en (MSM), sex workers an d a t risk yo ut h. One of th e ch al len ges i s that a lot of people work with youth, bu t ver y f ew w o rk wi t h M S M a n d se x w o rk e rs so what we're trying to do with this project is i d en ti fy c r ea t iv e i nn ov a ti v e pr o j ec t s t ha t ov e r all specifies in encouraging more people to work with t he m o re at -risk pop ulat ion s ," she told T he T r ibune a fter pr es enting her g roup' s plans at a workshop yesterday. T h e H I V / A I D S G r a n t S o l i c i t a t i o n a n d M a n ag em en t Pro g ra mme (GS M) sa id t h a t US Agen cy f or Int ern ati on al Dev elo pmen t has r eque s te d th es e pr e ve ntio n pr o jec ts and i s u sin g GS M t o a ward gran t s to gro up s wh o meet the project requirements. An o r gan ization may submit only on e con c ep t p a p er, t o b e su bmi t t ed b y S e pt e mb er 19th. I n J une, H ea lth M inis te r D r H uber t M inni s s a id t he Ba h a m a s N at i on a l A I D S P r o gr am m e h a d mo ve d o n e st ep cl o se r t o me et i ng t h e J o i n t U n i t e d N a t i o n s P r o g r a m m e o n HI V/ AI D S (U NA I D S) goa l of "z er o" A ID Srelated deaths by 2015. He a lso s t at ed t ha t a de cisio n by succ essive governments of the Bahamas to "direct signific ant r es o ur ce s" to w ards the p r eve n tion and control of HIV/AIDS has resulted in a "d r amatic fall" in the number of AI DS-rela t ed de a ths i n t he B ah am as to a n a l lti m e lo w of 59 at the close of 2010. W L O O F F E R I N G G R A N T S F O R I D E A S O N H I V P R E V E N T I O N P REV EN TIO N: Ru th J a nk e e pro je c t d ire c to r fo r W orl d L e arn i ng s pe a k s a bo ut H IV/ AIDS p re v e nti o n a t t he Cancer society. THE GROUP'S plans were presented at a workshop yesterday.
LOCAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 2, 2011, PAGE 7 By JASMINE LOPEZ THE World Learning Organization is offering grants to local non-governmental organisations for HIV prevention initiatives. WLO has invited local NGOs to submit concept papers on HIV prevention targeted towards person in the most "at-risk" demo graphics. Ruth Jankee, project director of the HIV/AIDS Grant Solicitation and Manage ment Programme, said the concept papers should focus on promiscuous men, sex work ers and sexually active youth. "For our project we are focusing on men who have sex with men (MSM and at risk youth. One of the challenges is that a lot of people work with youth, but very few work with MSM and sex workers, so what we're trying to do with this project is identify creative, innovative projects that over all specifies in encouraging more people to work with the more at-risk populations," she told The Tribune after presenting her group's plans at a workshop yesterday. The HIV/AIDS Grant Solicitation and Management Programme (GSM US Agency for International Development has requested these prevention projects and is using GSM to award grants to groups who meet the project requirements. An organization may submit only one con cept paper, to be submitted by September 19th. In June, Health Minister Dr Hubert Minnis said the Bahamas' National AIDS Programme had moved one step closer to meeting the Joint United Nations Programme on HIV/AIDS (UNAIDS related deaths by 2015. He also stated that a decision by succes sive governments of the Bahamas to "direct significant resources" towards the prevention and control of HIV/AIDS has resulted in a "dramatic fall" in the number of AIDS-related deaths in the Bahamas to an all-time low of 59 at the close of 2010. WLO OFFERING GRANTS FOR IDEAS ON HIV PREVENTION P REVENTION: R uth Jankee, project director for World Learning, speaks about HIV/AIDS prevention at the C ancer society. F e l i p M a j o r / T r i b u n e s t a f f T HEGROUP'S p lans were presented at a workshop yesterday.
NEW YORK Associated Press TEN YEARSafter the 9/11 attacks destroyed the World Trade Center, an 80-story glass and steel tower is rising like a phoenix from the ashes of ground zero. The site called a "hole in the ground" for years has cranes in the air, trains running underground and hundreds of trees planted around giant, manmade waterfalls to remember the dead of Sept. 11. And the surrounding neighborhood no longer just a financial district is bursting with young families, new schools, a Whole Foods and a Barnes & Noble. Tourists squint and point their cellphones at 1 World Trade Center, once known as the Freedom Tower. "I'm kind of proud because I was here two weeks after 9/11 and this was a dust pit," said Larry Brancato, 59, of Wallingford, Conn, walking by ground zero. "It just shows that Americans have always had a cando attitude." After years of inertia, and prolonged disputes between government agencies, insurerand a developer who had just taken out a 99-year lease on the towers when they were toppled, the development of the trade center is substantial, and the tallest tower can now be seen for miles. "People can begin to see that this is no longer a hole in the middle of New York, but a real place is emerging," said archi tect Daniel Libeskind, whose master plan serves as a blueprint for the site. A memorial featuring water falls cascading into the foot prints of the twin towers will open to the public on Sept. 12,a day after families see their loved ones' names around the pools for the first time. The skyscraper formerly known as the Freedom Tower is growing b y a story a week and now stands 1,000 feet above the sky line as the tallest building in lower Manhattan. A transit station and a second office tower also are taking shape. As the trade center lay in smoking ruins in 2001, New Yorkers debated the future of the 16-acre superblock that the twin towers had dominated. Some wanted to rebuild the two 110-story skyscrapers exactly as they had been. Others said that out of respect for the nearly 3,000 dead, the entire tract should be a memorial or a park. Larry Silverstein, the developer who signed a lease on the twin towers on July 24, 2001, pushed to rebuild the 10 million square feet of office space he had lost. Civic groups pushed for a more neighborhood-friendly design than two monoliths on a concrete plaza. Competition Libeskind, who won a comp etition to become the site's master planner, focused on the Freedom Tower, with an asymmetrical spire soared to the symbolic height of 1,776 feet and echoed the Statue of Liberty across the harbor. He set aside half the site for a memorial that left empty the spots w here the destroyed towers stood, and set space for a performing arts center to add culture to the commerce and to the Tensions were inevitable between Libeskind's artistic vision and Silverstein's desire for buildings that would draw t enants. Now, Libeskind said, "the tensions are gone." 1 World Trade hardly resembles Libeskind's early drawings, but he called it "an impressive building." Designed by David Childs, its tapering form is symmetricalb ut retains the spire and the 1,776 feet. To guard against truck bombs, the bottom 20 floors will be windowless, reinforced concrete covered by glass. The base will house infra structure like generators and air-conditioning systems. Critics warned that 1 World T rade would be hard to fill. Who would work in a symbolically loaded building at a location that terrorists had attacked twice? Former Gov. Eliot Spitzer once called the Freedom Tower a white elephant. I t's looking less like that now that Conde Nast has signed a lease to move its trendsetting magazines like Vogue, Glamour and Vanity Fair to 1 World Trade when the building opens in 2014. Christopher Ward, the executive director of the Port A uthority of New York and New Jersey, which owns the trade center site, called the Conde Nast agreement "a phenomenal game changer." "The Conde Nast deal has really jump-started interest downtown," Ward said. Under a deal between Silv erstein and the Port Authority, the authority is building 1 World Trade Center on the northwest corner of the site; Silverstein wants to build three office towers on the east side of the 16 acres. The first of Sil verstein's buildings, known as 4 World Trade, was up to 48f loors this week. Silverstein says the 947-foot tower designed by Japan's Fumihiko Maki will be finished before the taller 1 World Trade, cattycornered across the site. The Port Authority, which lost its headquarters and 85 employees on Sept. 11, willm ove into the second tower rising at the site when it is com plete. Silverstein says other "household name" tenants will follow. With the economy nosediving and Silverstein and the Port A uthority battling over who should finance two unbuilt towers designed by architects Richard Rogers and Lord Norman Foster the future of those buildings looked doubtful a couple of years ago. Market An analysis prepared for the P ort Authority in 2009 projected that there might be no market for a third tower at the site until 2030, much less the original five planned. Silverstein and the authority agreed to a deal last year that will let Silverstein build his second skyscraper when he raises$ 300 million of private equity, leases out at least 400,000 square feet and obtains financ ing for the remaining cost of the tower. The third building under his control the sec ond-tallest in the master plan will be built when the market supports it. Silverstein, who is 80, wants to see all of the buildings comp leted in his lifetime and he says he will. He said he could get another tower up in 2015. "And if it all works out well," he says, the last one could be up a year later. Ward was slightly less optimistic, predicting that Silverstein's towers might be comp leted by 2017 or 2018. Steven Spinola, president of the Real Estate Board of New York, said that despite the stillsputtering economy, there will be a demand for a new trade center. The average age of New York City's 500 million square f eet of office space is nearly 70. "Companies want fresh, new space," Spinola said. And tax incentives intended to spur redevelopment after 2001 make the trade center cheaper than other Manhattan build ings. Tax breaks also fueled residential growth, and the population of downtown Manhattan below Chambers Street the area that encompasses the t rade center has doubled since 2001. Leasing Tara Stacom, a vice chair man of real estate firm Cushman & Wakefield who is in charge of leasing 1 World Trade, said the building's prox imity to attractive residential n eighborhoods is a selling point. Other trade center projects include Michael Arad's memo rial, the museum scheduled to open next year and Spanish architect Santiago Calatrava's transportation hub, designed to look like a bird in flight. T he hub will eventually include restaurants and stores, restoring one of the largest shopping centers that used to sit at the base of the trade center. INTERNATIONAL NEWS T HE TRIBUNE FRIDAY, SEPTEMBER 2, 2011, PAGE 9 IN THIS JULY AERIAL FILE PHOTO construction continues at the World Trade Center in New York. One World Trade Center, left, rises above the lower Manhattan skyline followed by Four World Trade Center, lower right, with the square outlines of the almost-completed September 11 Memorial at lower center. (AP FINALLY, THE WORLD TRADE CENTER RISES FROM GROUND ZERO 8 0-STORY GLASS AND STEEL TOWER
TRIPOLI, Libya Associated Press IN A f iery broadcast from hiding, Moammar Gadhafi warned Thursday that loyalist tribes in his main strongholds were armed and preparing for battle, a show of defiance hours after rebels extended a deadline for the surrender of the fugitive leader's home town. The rebels, who have been moving troops toward remaining Gadhafi bastions across Libya, had shifted the deadline for the town of Sirte in hopes of avoiding the bloodshed that met their attack on Tripoli. "We want to save our fight ers and not lose a single one in battles with Gadhafi's forces," said Mohammed alRajali, a spokesman for the rebel leadership in the east ern city of Benghazi. "In the end, we will get Sirte, even if we have to cut water and electricity" and let NATO pound it with airstrikes. World leaders meeting in Paris on Libya's future after Gadhafi said the NATO mil itary operations would con tinue as long as needed. The rebels say the advance on Sirte is going well, and that their forces have already captured one nearby city. They also say they are closing in on Gadhafi, who came to power 42 years ago Thursday in a military coup that toppled King Idris. The rebels have been hunting for Gadhafi since he was forced into hiding after they swept into Tripoli on Aug. 20 and gained control of most of the capital after days of fierce fighting. "We won't surrender again; we are not women. We will keep fighting," Gadhafi said in a blustery tone in the audio statement, broadcast by Syrian-based Al-Rai TV. His voice was recognizable, and Al-Rai has previously broadcast statements by Gadhafi and his sons. Gadhafi said the tribes in Sirte and Bani Walid are armed and "there is no way they will submit." He called for continued resistance, warning "the battle will be long and let Libya burn." In a second late-night audio also broadcast on the Syrian channel, Gadhafi spoke in more measured tones and called for a long insurgency. "We will fight them everywhere," he said. "We will burn the ground under their feet." He said NATO was trying to occupy Libya and steal its oil. "Get ready to fight the occupation. ... Get ready for a long war, imposed on us," Gadhafi added. "Get ready for the guerrilla war." He called Sirte "the capital of the resistance." The rebels, who have effectively ended Gadhafi's rule, dismiss his threats as empty rhetoric. The rebels believe he may be in one of their three key targets. The fighters, backed by NATO airstrikes, have been pushing recently toward Sirte as well as Bani Walid, 90 miles (140 kilometers southeast of Tripoli, and the southern city of Sabha. All three were given a Sat urday deadline to surrender. While the deadline extension was officially only for Sirte, rebels said it would also apply to Bani Walid and Sabha. Soldier s Pro-Gadhafi forces control most of Sabha and large numbers of soldiers including mercenaries from other African countries are camped on its outskirts, said Abdul Awidat, a Sabha resi dent currently in Tripoli. Awidat told The Associated Press that he has spoken by satellite phone with people in the southern area in the past two days who said proGadhafi forces have taken up positions in buildings and are recruiting young men as fighters and handing out weapons. "There is no information that Gadhafi or any of his senior leadership are in Sabha," he added. Some anti-government protesters have taken over a small part of the town of Gorda, and there has been fighting in the area with several people killed, Awidat said. He said there is no electricity, running water or regular telephone service, and medicine is running out. In a boost to the rebel cause, the last prime minis ter under Gadhafi said he now supports the opposition. Al-Baghdadi al-Mahmoudi told Al-Arabiya television that had had been in contact with the rebels "and we notified them that we are with the people and we are ready to serve our country in the future." Meanwhile, Ahmed Said, an adviser to the interior min ister in the rebels' interim government, said Gadhafi's foreign minister had been captured. He did not identify him by name, but "can confirm that he is in custody." A week ago, Foreign Minister Abdul Ati al-Obeidi told British broadcaster Channel 4 that Gadhafi's rule was over. Algeria, which gave refuge to Gadhafi's wife and three of his children this week, has indicated it will not do the same for the longtime dicta tor. The Algerian newspaper El Watan reported Gadhafi had also sought sanctuary in Algeria, but the president refused to take his phone calls. Asked Thursday if Gadhafi could be given asylum, Alger ian Foreign Minister Mourad Medelci said: "I don't believe so." In Paris, world leaders and top-level diplomats from 60 nations lined up behind the new government and focused on unfreezing billions in Libyan funds held abroad. British Prime Minister David Cameron said NATO will continue operations for as long as necessary to protect civilians in the North African country. U.N. Secre tary-General Ban Ki-moon urged the Security Council to decide quickly on deploying a civilian mission to stabilize Libya. "We cannot afford a failed pariah state on Europe's borders," Cameron said. "We will all lose if the Arab Spring gives way to a cynical winter of repression." Security Rebel leader Mustafa Abdel Jalil said Libya's new government must ensure "that we fulfill our side of the deal we must have security in Libya, tolerance and forgiveness must be promoted, the state of law must be respected." U.S. Secretary of State Hillary Rodham Clinton said she was encouraged by the response she got in her meetings with Libyan opposition leaders. "They still have a huge hill to climb," she said. "But they are working with the interna tional community to secure both chemical weapons stockpiles as well as conventional weapons. They are taking action against extremism wherever the find it." Russia, which had criticized the NATO operation, recog nized the rebels as Libya's interim leadership hours before the talks began. The European Union is lifting its sanctions on Libyan ports, banks and energy firms to provide resources to the interim government to help kick-start its economy, officials said. INTERNATIONAL NEWS PAGE 10, FRIDAY, SEPTEMBER 2, 2011 THE TRIBUNE RI&KDPEHUODLQ 6WUHHWZLOOEHKHOGRQ 0RQGD\6HSWHPEHU WK DWDW WKH&KDSHORI%XWOHUV )XQHUDO+RPHVDQG &UHPDWRULXP(UQHVW DQG
BAGHDAD Associated Press AUGUST MARKEDthe first month since the 2003 U.S.l ed invasion of Iraq that no American forces have died, according to an Associated Press tally. Figures compiled by the AP show that no American forces died in Iraq in August either in combat or non-combat related situations, a significant achievem ent in a conflict that has claimed the lives of 4,474 American service members since it began. All American forces are supposed to leave Iraq by December of this year, but U.S. and Iraqi officials have been discussing whether to have a longt erm American military presence in the country. There have been previous months during which there wereno combat related deaths, but during which some people diedin non-combat related situations. The numbers come on top of what had been a jump in U.S. troop deaths for the first part of t his year. In June, 15 U.S. troops died in one of the biggest losses of life for American forces in Iraq in years. All but one of those deaths were combat related, and most came in southern Iraq, indicating the increased activity of Shiite militias in launching attacks a gainst American forces. Bases across southern Iraq have seen a deadly jump in rock-et and mortar attacks, including the use of IRAMs, or improvised rocket assisted mortars, which are deadly short-range munitions that can be launched from the back of a truck. American forces traveling on roads around the country have encountered an i ncreased number of armorpiercing explosives known as EFPs, or explosively formed penetrators. Shiite militias operating throughout southern Iraq and the Baghdad area are trying to portray themselves as driving out the Americans from the c ountry and keeping them from trying to negotiate a long-term American troop presence here. This summer, American and Iraqi forces operating in southern Iraq have been increasing operations against Shiite militias in an attempt to disrupt weapons smuggling from Iran, which c ould account for some of the drop in U.S. troop deaths. In Maysan province, the Iraqi government has also replaced the Iraqi army and Iraqi police commanders. U.S. military officials in the province have praised both the new Iraqi armyg eneral and police commander as being more aggressive about t rying to disrupt the weapons smuggling. Maysan province borders Iran and the marshlands that straddle the border are often used by weapons smugglers who cross into Iraq from Iran and then fano ut across the country. While U.S. troop deaths have d ropped, Iraq still remains a dangerous place. Earlier this week 29 people were killed when a suicide bomber disguised as a beggar walked into a Sunni mosque in western Baghdad and blew him-s elf up. T HE TRIBUNE FRIDAY, SEPTEMBER 2, 2011, PAGE 11 U .S. ARMY SOLDIERS from D Co., 1st Battalion, 18th Infantry Regiment, confer during a patrol outside Contingency Operating Site Taji, north of Baghdad, Iraq. August m arks the first month since the 2003 U.S.-led invasion of Iraq that no American forces have died. (AP US MARKS THE FIRST MONTH IN IRAQ WITH NO TROOP DEATHS I NTERNATIONALNEWS KABUL, Afghanistan Associated Press I T'S BEENa tough summer in Afghanistan: Foreign troops started leaving. The Afghan president's half brother was assassi nated. Suicide bombers keep killing government officials. The Taliban shot down a helicopter, killing 30 Americans. Civilian casualties are up and many Afghans fear their nation will plunge into civil war once the foreign forces go home. Every chance they get, U.S. officials try to reassure the Afghan people that America is not abandoning Afghanistan. "There will be no rush for the exits," America's new ambassador toA fghanistan, Ryan Crocker, said when he arrived in Kabul just weeks ago. Yet President Barack Obama's decision to pull out 10,000 troops before December and another 23,000 next year has stoked fear among Afghans convinced that the international community's commitment is coming to a close. Afghans don't share the U.S.-led coalition's confidence that Afghan police and soldiers are ready to secure the nation by 2014, and others worry the Afghan economy will collapse if foreign troops go home and donors get stingy with aid. Those fears exist despite widespread public fatigue with the war and with the thousands of international troops forces, whose presence offends the Afghans' sense of pride and nationalism. "Even people who have senior positions in the government or own large businesses in Afghanistan are either leaving the country or transferring assets abroad," said Ahmad Khalid Majidyar, a researcher at the American Enterprise Institute in Washington who instructs U.S. military officers about terrorism and Afghan culture and politics. It didn't help that Obama's troop withdrawal announcement came just as warmer weather was triggering a spike in fighting between the Taliban and coalition and Afghan forces, he said. The details of Obama's pullout plan also were released just as Afghan security forces started taking responsibility for security in seven areas the beginning of the transition that is making the Afghan public so uneasy. Syed Salahuddin Agha, a 64-year-old former teacher in Kandahar, the birthplace of the Taliban, said the foreign forces never should have interfered in Afghanistan. "All the people who wanted them here will now be in grave danger from the Taliban because the Taliban have grown stronger than ever. Now, we will all have to face the aftermath," he said. "Mostly, people feel betrayed and used by the foreigners." Many Afghans don't believe their nation's forces are ready to take the lead. Others worry that once foreign combat troops leave or move into support roles by the end of 2014, civil war will erupt and the Afghan army and police forces will splinter along ethnic lines. "There are lots of disputes among the people and all those dis putes will rise up and everybody will take revenge and kill each other. Basically a civil war will start," said Hayatullah Tawhidy, a 38year-old shopkeeper in the eastern city of Jalalabad. "We are not happy with American forces in our country," he added. "But we don't know what will happen when they leave." History, they worry here, could be about to repeat itself. AFGHANS ANXIOUS ABOUT EXIT OF FOREIGN TROOPS
$4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.55 $5.43 $5.38 T HETRIBUNE SECTIONB email@example.comFRIDAY, SEPTEMBER 2, 2011 CONTACT ONE OF OUR SALES REPRESENTATIVES TODAY FOR A FREE QUOTEFamily Guardian Financial Centre, East Bay & Church Streets +242 396-1300/1400 I www.fgiagentsandbrokers.com Uh-oh!Dont let your dreams go up in smoke. Protect your home and contents through FG Insurance Agents & Brokers. Receive prompt, professional service plus FREE installation of a re & theft alarm. Youve worked hard to realize your dreams. Well work hard to help you protect them. HOME INSURANCE / are you covered? A member of the FamGuard Group of Companies By NEIL HARTNELL Tribune Business Editor T HEBahamas Lands cape Associations (BLA co-chair yesterday said it was wonderful that theG overnment seemed to be recognising its certification accomplishments, after hisc ompany and others won a $ 2.2-$2.3 million contract f rom Baha Mar when a Florida-headquartered bidder withdrew. The $2.6 billion Cable B each developer had init ially awarded the landscaping contract for the rerouted West Bay Street, andt he road running south from the project site, to Austin Outdoor, a move that p rompted an outcry from t he BLA, which described i t as a slap in the face to its bid to raise Bahamian i ndustry standards. However, Robert Sands, Baha Mars senior vicep resident of external and government affairs, confirmed to Tribune Businesst hat Austin Outdoor had withdrawn from the bid, having initially won the con tract. We had a number of companies that bid it, and the winner of the award w ithdrew, Mr Sands said. Baha Mar awarded the contract to the second best bidder, which was a group o f Bahamian landscape companies under the umbrella of CaribbeanL andscape. That took place a few weeks ago. They have, inf act, begun work maybe three weeks ago. Robert Myers, the BLAs co-chair and head ofC aribbean Landscape, con firmed to Tribune Business that his company and theira ssociated group had been awarded the contract aftera long delay. He added that the con t ract was now very challenging, as they had to complete work originally scheduled to last four months in just two, following the time lost in Baha Mars negotiations with Austin Outdoor. The com pletion deadline had not been changed. Weve got a tiger by the tail, Mr Myers said. Because of the negotia tions with Austin Outdoor, going back and forth, weve lost eight weeks, so were trying to so the same amount of work in two months that was four months, so its challengingto say the least. He added that Caribbean Landscape bid the contract with four other BLA members initially, and one or two were working with it By NEIL HARTNELL T ribune Business Editor S EVENmajor international oil companies are assessing seismic data compiled by a Bahamas-based oil exploration company ahead of potential joint venture negotiations, t he latter yesterday saying it had i nvested $35 million in a more detailed 3D survey of Bahamianw aters. D r Paul Gucwa, the Bahamas Petroleum Companys chief operating officer, told Tribune Business that the 3D survey which will comp lete its data acquisition by the end of this month would take its total investment in oil and gas exploration u nder Bahamian waters to $50 mill ion over a six-seven year period. D eclining to name any of the oil m ajors that had either started exploring, or expressed an interest in, the data the Bahamas Petroleu m Company has gathered on p otential hydrocarbon deposits u nder this nations territorial waters, Dr Gucwa said: We have identi-f ied major structures that we think h ave potential that could be significant. We have opened our data room to select international major oil companies with a previous track record in operating offshore. Weve not just i dentified anyone to come in; weve u sed what I call a rifle shot a pproach to find those highly regarded. Thereve been seven whove e ither been in or expressed an interest. Dr Gucwa said Bahamas Petroleum Company expects to begin negotiations with a potential preferred partner over an exploration joint venture in Bahamian waters in the 2011 fourth quarter. We hope to have that [the negotiations] completed by the end of t his year. That would give them and u s a year to begin to plan the well in d etail, he added, explaining that the partnership would involve drilling test wells in the areas where Bahamas Petroleum Company holds l icences. We would expect that company to be the actual operator of the w ell, Dr Gucwa said, adding that B ahamas Petroleum Company was p repared to partner with two companies on the venture if they wantedt o better spread the risk. E xploratory oil drilling in Bahamian waters is currently on hold until the Government puts in place a satBy NATARIO MCKENZIE Tribune BusinessR eporter firstname.lastname@example.org SCRAP metal operators y edsterday said they had lost thousands of dollars due to the Governments tempo-r ary ban on all exports, w hich has brought their operations to a standstill. Sheno Ferguson, proprietor of Trinity Developmenta nd Trading Solutions, said the 90-day ban imposed on the industry has killed hisb usiness. Its kind of hard on everybody. No one is in a position to do anything att his time. I still have people b ringing me stuff but I cant purchase it, Mr Ferguson told Tribune Business. A lot of guys are crying that their children have to go back to school, their kids need clothes. I cant take the little I have and pur chase anything because I dont know when I can make a turnaround. This really has people hurting. I just have to sit it out and wait. Im not doing anything now. This has cost me thousands and thousands of dollars. Its a great loss for everyone in the scrap metal trade. The Government should consider some type of compensation for peoples losses. Prevalis, an operator at Strachans Auto Repair, which collects derelict vehicles, told Tribune Business the company has had to layoff its employees due to the ban. We shut down temporarily, he said. Were just waiting for the Government to lift the ban. All the persons we had, we had to lay them off. People are still bring cars to us because we have the space for them. Business has totally shut down for us. Minister of the Environment, Earl Deveaux, said draft regulations to regulate the scrap metal industry should be ready to be tabled when Parliament reopens this fall. Mr Deveaux told Tribune Business: "We provided a summary of the meeting we had with the dealers and made some recommendations to the Government, the offshoot of which is that the regulations to regulate the industry will be prepared and, hopefully, be ready for By NEIL HARTNELL Tribune Business Editor THE GOVERNMENT was yesterday urged to e xtend Freeports key tax exemptions from 2015 through to the Hawksbill C reek Agreements expiry i n 2054, a leading attorney a rguing that the city still generated hundreds of millions of dollars in taxr evenues and profit for the public sector. Fred Smith QC, the Cal l enders & Co attorney and partner, told Tribune Busin ess the Government would give Freeport a much-needed psychological injection i nto the economic arm if it were to extend the citysr eal property tax and Busin ess Licence fee exemp t ions beyond their current 2015 expiry date. S peaking after Prime Minister Hubert Ingraham again raised the question t his week over whether those exemptions should be By NEIL HARTNELL T ribune Business Editor The Bahamas Chamber of Com m erce and Employers Confederations ( BCCEC) chairman yesterday said he was very concerned that new or increased taxes could be imposed on the private sector, after an interna t ional credit ratings agency said it would be impossible for this nation to grow its way out of its national debtw oes. Responding to Moodys downgrade of the Bahamas economic outlook from stable to negative, and the Wall Street ratings agencys assertion of this n ations low growth prospects, Wins ton Rolle said its report was bringing home the need to reform the tax sys tem. It seems as if this is bringing home why we need to reform the tax structure, because the Government cannot raise sufficient revenues to pay its d ebts, Mr Rolle told Tribune Busin ess. They [Moodys] dont anticipate the economy growing much faster, and based on the increase in government PRIV A TE SECT OR VERY CONCERNED ON TAXES EXTEND FREEPORT TAX BENEFITS UNTIL 2054, GOVT URGED Leading attorney says Nassau earns hundreds of millions in profit from second city Business licence/r e al property tax extension a shot in economic arm if granted SEE page 4B Chamber chief fears burden after Moods report will be placed on business comm unity Says report pushing Bahamas to look at tax structure, as revenues not enough to pay debt Anemic 6% growth over last decade SEE page 4B LANDSCAPE GROUP WINS $2.2-$2.3M BAHA MAR AWARD Comes after F lorida-based preferred bidder withdre Winners now h ave tiger by the tail, having only 5 0% of original time to complete SCRAP METAL DEALERS LOSE THOUSANDS Lay-offs order of day due to export ban* Govt aims to have regulations ready for Parliament re-opening SEE page 5B SEE page 4B SEVEN OIL MAJORS EYE BAHAMAS DATA $35m of Bahamas Petroleums $50m s pend to date going on 3D seismic survey Aiming to negotiate JV partnership with oil major by year-end Got to get 25% of any oil revenue coming from Bahamas SEE page 5B F RED SMITH QC
By NATARIO McKENZIE Tribune Business R eporter n email@example.com INSURERS ESTIMATE $ 90 MILLION TOTAL LOSSES T HE BAHAMIAN gene ral insurance industry is likely to incur around $90 m illion in insured losses as a result of Hurricane Irene, a leading executive said, with his company aiming top rocess "80 per cent-plus of claims" within six-eight weeks. Patrick Ward, president and chief executive of Bahamas First, told TribuneB usiness that he, too, b elieved the level and vol ume of Hurricane Irenerelated property and casualtyc laims would be below the 'couple of hundred million' that the industry paid out as a result of Hurricane Frances in 2004. And he described as "out of left field" the assessment b y a Boston-based risk mod elling agency, AIR World wide, that the Bahamas had sustained insured losses of between $300-$700 million as a result of Irene a sum more than double what was sus t ained in Frances. Meanwhile, other Bahamas-based general insurers said that while the level of insured losses from Hurricane Irene would have "a significant impact" on carriers' projected 2011 profits, it would not completely wipe them out unless another storm hit the Bahamas later in the season. FARMING INDUSTRY DEVASTATED BY HURRICANE IRENE HURRICANE IRENE has caused "100 per cent devastation" to the Bahamian agriculture industry, with farmers on the hardest-hit Family Islands losing entire crops. In the wake of the storm, packing house managers and agriculture officials were on the ground assessing the damages or preparing to inspect farms on several Family Islands. Maurice Minnis, manager of the packing house on Long Island, which was severely impacted by the storm, told this newspaper: "We have been 100 per cent devastated by the storm. The farmers here on Long Island depended mainly on bananas, papaya, plantain or cash crops for their livelihood. We lost the entire banana and plantain crops. We were in the peak sea son of banana production. In fact, my packing house rightnow has quite a bit of plantain, bananas and papayas that farmers salvaged. Farm ers are already back in the field cleaning up. We have a team in place now and will hit the roads tomorrow to start a full assessment." $1.84 MILLION PROJ ECTED IN CRUISE R EVENUE LOSS TOURISM officials pro jected a loss of $1.84 million in cruise-related revenues from passenger arrivals toN ew Providence and Grand Bahama as a result of Hurri cane Irene. Carla Stuart, director of cruise development at the Ministry of Tourism, said the potential loss of revenue from the eight ships previ ously scheduled to call on Nassau might be as much as $1.5 million in passenger spend and head tax. Ms Stuart said the loss of 12,827 passengers in Nassau could cost about $425,718 in head tax and $1.4 million in spend. Freeport's potential losses, meanwhile, were cal culated at 6,220 passengers, with a total of $111,960 in head tax and $263,354 in vis itor spend for a total estimated loss of $375,314. BAHAMASAIR PER CENT LOADS FOR SUMMER. BAHAMASAIR believes increased passenger confidence and increased "accountability" at the national flag carrier have resulted in heavy bookings this summer, with load factors on its Florida routes in the high 90 per cent range. Henry Woods, the airline's general manager, told Tribune Business: "We are very pleased with the summer results so far; the loads are excellent. The load factors right now on Florida are in the high nineties. "Bookings have been better than good; bookings have been heavy. July and August were extremely good. All of our flights are going out full and coming back full, and that will continue to the end of this month." COPA UPGRADES N ASSAU ROUTE COPA AIRLINES has confirmed it is increasing the capacity of the aircraft servicing its Panama City-Nassau route with effect fromO ctober 1, 2011, a move the minister of tourism and avia tion said has come three months' ahead of schedule. While Copa's decision to upgrade from a 94-seat Embraer to a Boeing 737-700 had been widely expected, given the substantial demand for its direct service to Nas sau, Vincent VanderpoolWallace told Tribune Business the decision had come within three-and-a-half months of starting the route. "Copa has agreed in less than three-and-a-half months to upgrade the size of the airc raft, starting on October 1," M r Vanderpool-Wallace con firmed. The volumes have been so strong, and the demand so strong, that they're moving from a 94-seat Embraer to a7 37-700, which from Copa's viewpoint is a very wise deci sion. That's a part of the world, Brazil in particular, and Argentina, that is grow ing in the face of what is hap pening in Europe and the US. "Latin America has exceeded every expectation in terms of their numbers, and that's reflected in their [Copa] upgrade of aircraft in less than three-and-a-half months, something they were expected to do at the end of the year." BUSINESS T HE TRIBUNE FRIDAY, SEPTEMBER 2, 2011, PAGE 3B By NATARIO McKENZIE Tribune Staff Reporter firstname.lastname@example.org HIGH operating costs and finding quality staff are among the major challenges facing small Bahamasb ased resort operators, the Corner Hotels owner and managing director saying Bahamians dont have the s ame work ethic they did a decade a go. Nina Maynard, who was a speaker a t the first regional seminar on t ourism small and medium-sized e nterprises (SMEs told Tribune Business yesterday: One of the biggest challenges we h ave here facing SMEs is operating costs. In terms of operating costs, I mean electricity, which is really high here, and it isnt something we can change or get around. We have all of the energy savers in our hotel and still the electricity bill is high. And she added: Labour costs are a nother big factor, especially since B ahamians dont have the same work e thic they had say 10 years ago. Weve been in business 20 years, and I can tell you the difference between who we started with during t he first 10 years compared to the s econd 10 years. There is a major diff erence in terms of how hard they work, and how much pride they take in their work, and all of that causesy our business to not be as efficient as it could be. As for other factors impacting business competitiveness, Ms Maynard s aid: Purchasing power, in terms of being able to purchase at a good price to sell at a reasonable price, and still m ake a reasonable profit, is another m ajor issue. Putting heads in our bed o n the Family Islands in particular, just getting people there, the accessibility is difficult. The electricity is a major challenge for us and good work i s a major challenge. M s Maynard said that some pers ons not wanting to stay at the major hotels may not be aware of the smaller ones that exist. Throughout our Family Islands a nd in Nassau we have hotels that a re very luxurious, hotels that are b udget and hotels that are in the middle, so we actually can cater to everybodys preference, she said. People just need to know that we exist, and I think the Ministry of Tourism is trying to make sure that happens. Our major market for our r ooms from the time we opened to now has been our Family Island cus tomers coming into Nassau to dob usiness, come to the doctor, comi ng to the wedding, funerals, shop p ing for their children or just to get away. BAHAMIANS DONT HAVE SAME WORK ETHIC OF 10 YEARS AGO MONTH IN REVIEW By DENISE MAYCOCK T ribune Freeport Reporter email@example.com Grand Bahama Power Companys rental units have driven up the fuel surcharge d ue to their inefficiency, the c ompanys chief executive h as admitted, despite reduci ng power outages by 51 per c ent year-over-year during the 2011 first half. T he islands monopoly p ower supplier had brought i n the units to provide 54 megawatts (MW mental generation to meetp eak demand during the summer. While the units had improved reliability, reduci ng power outages by 51 per cent over 2010 for the January to June period, Sarah M acDonald said they were n ot as efficient and resulted i n a significant increase in f uel costs, driving up the fuel s urcharge. Once we can stop using the rental units over the winter, and when the new plant comes online next year in the second quarter, we anticipate using 20 per cent few er barrels a day once it getsu p and running, and customers will see a decrease, the Grand Bahama Power c hief executive said. A s the firm strives to i mprove reliability and stabilise the cost of electricity, she added that a preliminarys tudy is leaning more towards natural gas as the best fuel alternative for thei sland. We need an alternative to oil, she the Grand Bahama Chamber of Com-m erce monthly luncheon m eeting at Ruby Swiss Restaurant. Ms MacDonald, who was r ecently appointed by majority shareholder Emera to head Grand Bahama Power Company, hase ndured a tough start due to protests over the high cost of electricity on the island. She said that while Grand B ahama Power Companys base rate is a consistent, regulated and cost set by theG rand Bahama Port A uthority, the fuel surc harge is set every month based on fuel cost and plant efficiency. She noted that 60 per cent is attributable to fuel purchasing. We need to find alternative energy resources because the rate is a big issue, and one we need to address, MacDonald said. Pointing out that oil prices are determined by what goes on in the world mar ket, she said Grand Bahama was at a disadvantage because it was an island. We dont have options to take power from another grid or purchase from mul tiple suppliers. We are somewhat held hostage in some ways in terms of what we can access. But alternat ive energy, which is a big p art of the portfolio for E mera, is critical for potential in Grand Bahama, Ms MacDonald said. She added that in 2009, Grand Bahama Power Company conducted a studyt esting wind speeds at various locations on the island. The data collected showed p otential for a couple of the sites that can provide wind energy to their system, she said. We started to integrate a resource plan in May during the study, and I met with t he consultants and some e xperts to go over the prel iminary results. What that study was meant to do is tot ell us what the best choices a re, Ms MacDonald said. So there are number of choices, whether natural gas, coal or solar energy, and these experts put those in a modelling and try to figure out the best option. We have s ent them back to do more a nalysis on some things. M s MacDonald said r enewable energy and green p ower is not going to be the f ull solution for Grand Bahama. She indicated that wind and sun are intermittent. You cant count on the wind to blow, and you cant count on the sun to shine.S oyou have to make sure you power up some other units based on some kind of fuel as opposed to renew a ble, she explained. While we do know we will put some renewable in, it wont solve all the prob-l ems. I hate to make a com mitment, but the initial analysis would say that nat-u ral gas is the way to go. The issue with that is whether we can secure it. Everybody wants to go natural gas because prices ares o much better, she said. The other thing great about it is that we can con v ert some of our units to burn that fuel, which meansa lot less time that it takes to build the new $80 millionp lant, and it is also much better for the environment, Ms MacDonald said the consultants have promised to get back to her in a month with final recom mendations. It is going to be a multiphase plan, but you will see initial things happening as early as the first quarter of 2012, she said. Ms MacDonald said Grand Bahama Power Company was aware of the fact that it plays a critical role in helping the island move forward. The new $80 million plant, she said, is expected to be completed in the 2011 second quarter. RENTALS REDUCE GB POWER OUTAGES 51% But boost fuel surcharge New plant will lower fuel usage 20% Natural gas seen as besst renewable option Hotel owner says power costs and labour inefficiency major barriers to success DAMAGESUSTAINED during Hurricane Irene
BUSINESS PAGE 6B, FRIDAY, SEPTEMBER 2, 2011 THE TRIBUNE 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.95AML Foods Limited1.191.190.000.1550.0807.76.72% 1 0.639.05Bahamas Property Fund10.6310.630.00-0.6420.080-16.6 0.75% 7.504.40Bank of Bahamas6.936.930.005200.2300.10030.11.44% 0.530.17Benchmark0.180.180.00-0.0480.000N/M0.00% 2 .842.55Bahamas Waste2.702.700.000.0300.09090.03.33% 1 .961.77Fidelity Bank1.771.770.000.0970.04018.22.26% 1 1.108.29Cable Bahamas8.488.480.000.2450.31034.63.66% 2.802.35Colina Holdings2.552.550.000.4380.0405.81.57% 8.508.33Commonwealth Brewery8.508.500.000.7400.00011.50.00% 7.006.21Commonwealth Bank (S1 6.886.880.001,1000.4960.26013.93.78% 2.001.63Consolidated Water BDRs1.631.59-0.040.1110.04514.32.83% 1 .771.31Doctor's Hospital1.371.370.003000.0740.11018.58.03% 5 .504.75Famguard5.435.430.000.4980.24010.94.42% 8 .505.35Finco5.395.390.000.7570.0007.10.00% 9.747.75FirstCaribbean Bank8.298.290.000.4940.35016.84.22% 6.005.00Focol (S 5.755.750.000.4350.22013.23.83% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00%7 .305.50ICD Utilities7.307.300.00-0.1220.240-59.8 3.29% 1 0.809.80J. S. Johnson9.829.820.000.8800.64011.26.52% 1 0.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 1 00.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 1 00.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00FINDEX: YEAR END 2008 -12.31%30 May 2013 2 0 November 2029 7% RoyalFidelityMerchantBank&TrustLtd(Over-The-CounterSecurities) 2 9 May 2015BISX LISTED & TRADED SECURITIES AS OF:7% I nterest 19 October 2022 P rime + 1.75% Prime + 1.75% 6 .95%THURSDAY, 1 SEPTEMBER 2011BISX ALL SHARE INDEX: CLOSE 1,398.20| CHG -0.04 | %CHG 0.00 | YTD -101.31 | YTD % -6.76B ISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)M aturity 19 October 2017 W WW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-2320 5 2wk-Hi52wk-LowSymbolBid $ A s k $Last PriceDaily Vol.EPS $Div $P/EYield 1 0.065.01Bahamas SupermarketsN/AN/A14.00-2.9450.000N/M0.00% 0 .550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.650.750.400.0290.00024.130.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.57791.4674CFAL Bond Fund1.5779263.39%5.87%1.548717 3.01602.9020CFAL MSI Preferred Fund3.02482.63%3.94%2.981382 1.61281.5289CFAL Money Market Fund1.61512.61%4.53%1.591803 2.86862.5730Royal Fidelity Bahamas G & I Fund2.5730-5.41%-9.79% 13.734713.2291Royal Fidelity Prime Income Fund13.73472.82%1.94% 114.128999.4177CFAL Global Bond Fund114.09222.35%13.88%114.128861 118.4255101.6693CFAL Global Equity Fund118.42552.30%8.26%116.580785 1.17491.0000FG Financial Preferred Income Fund1.17492.48%5.16% 1.13431.0000FG Financial Growth Fund1.13431.41%5.17% 1.17641.0000FG Financial Diversified Fund1.17642.38%5.39% 9.9952 9.5078Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.94330.98%4.58% 11.498510.5308Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.96520.78%5.70% 10.68139.4372Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.60135.75%13.20% 8.85647.8830Royal Fidelity Int'l Fund Equities Sub Fund8.65073.01%18.38% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value 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 Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200731-Jul-11 31-Jul-11 31-Jul-11TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-11 30-Jun-11 31-Jul-11 5-Aug-11 30-Jun-11MARKET TERMS30-Jun-11 31-Jul-11 RoyalFidelity Merchant Bank & Trust Ltd (Over-The-Counter Securities) CFAL Securities Ltd. (Over-The-Counter Securities) BISX Listed Mutual Funds30-Jun-11 30-Jun-11 NAV 6MTH 1.535365 2.952663 1.580804 111.469744 115.762221 NAV Date 31-May-11 30-Jun-11 127,&( (/$67,&,19(60(176/7' 92/817$5,/,48,'$7(' 1RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFHZLWK6HFWLRQ RIWKH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV$FWWKH 'LVVROXWLRQRI (/$67,&,19(670(176/7' KDV EHHQFRPSOHWHGD&HUWLFDWHRI'LVVROXWLRQKDVEHHQLVVXHG DQGWKH&RPSDQ\KDVWKHUHIRUHEHHQVWUXFNRIIWKH5HJLVWHU RI&RPSDQLHV 7KH'DWHRIWKH&RPSOHWLRQRIGLVVROXWLRQZDVWKH WK -XO\ K BBBBBBBBBBBBBBBBBBBBBBBBBBB 'DYLG7KDLQ /LTXLGDWRU ,QFRUSRUDWHGXQGHUWKH,QWHUQDWLRQDO %XVLQHVV&RPSDQLHV RIWKH&RPPRQZHDOWKRIKH%DKDPDV 5HJLVWUDWLRQXPEHU 1RWLFHLVKHUHE\JLYHQWKDWWKHDERYHQDPHG &RPSDQ\KDVUHVFLQGHGLWVLQWHQWLRQWR ZLQGXSDQGGLVVROYHG 9,1&+(1/,0,7(' DQGUHVROXWLRQRIWKH'LUHFWRUVZDV ZLWKWKHRIFHRIWKH5HJLVWUDU*HQHUDORQ 6HSWHPEHU 'DWHGWKLVQGGD\RIHSWHPEHU 'DYLG*HRUJH-HQQHU t 1LFRODDUJXHULWH+RGJH 'LUHFWRUV N EW YORK A ssociated Press STOCKS FELL THURSDAY, ending a four-day rally, after regulators took action againsta former Goldman Sachs s ubsidiary over its mortg age and foreclosure pract ices. Traders were also n ervous that a jobs report d ue out Friday could r evive worries of another recession in the U.S. Goldman Sachs fell 3.5 percent after the Federal Reserve ordered the bank to review foreclosure practices at Litton Loan S ervicing, saying there was a "pattern of miscon duct and negligence" att he unit. Bank stocks fell m ore than the rest of the m arket as investors worried about regulatory moves against otherb anks. Financial stocks in the S&P 500 dropped 2.4 percent, the most of the1 0 company groups that m ake up the index. "There's obviously a lot of fear in the marketplace," said Ann Miletti,m anaging director and s enior portfolio manager at Wells Capital Management. "Right now, the m arket's just lacking conf idence." T he Dow Jones industrial average fell 119.96p oints, or 1 percent, to c lose at 11,493.57. It rose as many as 103 points shortly after 10 a.m., whena key manufacturing report showed evidence of growth in August. Analyst had expected a decline. T he gains didn't last. By 1 0:30 a.m. indexes were trading mixed and stayed t hat way until 1:30 p.m., w hen the Fed announced i ts action against Goldman Sachs. Stocks drifted lower for the rest of the day, with bank stocks losing the most. The Federal Reserve said there were "deficient p ractices" in mortgage loan servicing and the processing of foreclosures at Goldman's former Littonu nit. Goldman also reached a settlement witha New York state banking regulator over Litton inw hich it agreed to stop controversial practices s uch as the "robo-signing" of documents. That settlement was also announced Thursday. O ther banks followed Goldman lower. Citigroup Inc. lost 3.4 percent and P NC Financial Services G roup Inc. fell 3.2 perc ent. Bank of America Corp., which is facingm any lawsuits over its d ealings in mortgagebacked securities, also fell 3.2 percent. The regulatory actions showed that problems related to the mortgage crisis in 2008 remain far f rom over, said Quincy K rosby, market strategist at Prudential Financial. K rosby also said investors were nervous ahead of the Labor Department's jobs report due out Friday. T he Standard & Poor's 500 index fell 14.47 points, or 1.2 percent, to 1,204.42. T he Nasdaq composite i ndex fell 33.42, or 1.3 perc ent, to 2,546.04. The Dow, S&P and Nasd aq all had their worst A ugust since 2001 after fears of an economic slowdown in the U.S. and debt issues in Europe put investors on edge. Trading volume was rel atively light at 4.3 billions hares. Many traders were o n vacation. Low volume suggests that relatively f ew investors were driving the market's gains and losses. Rob Lutts, president a nd chief investment officer of Cabot Money Management, said he expecte d volume to remain very l ow until early next week, w hen many traders return to work after Labor Day." That's when we'll see w hat's really going on," Lutts said. SAIC Inc. fell 13.5 per cent, the most in the S&P 500, after the technology company issued a full-year earnings forecast that was b elow analysts' expectat ions. The company, which provides engineering and t echnology services to the military and other agencies, cited tightening government budgets. R etailers rose after reporting strong sales last month, despite wild s wings in the stock mark et and worries about the e conomy. August is an important month for back-t o-school shopping, which c an account for up to 25 percent of retailers' annual revenue. Macy's Inc. rose 2.1 percent; Costco Wholesale Corp. rose 1.2 percent. About three stocks fell f or every one that rose on t he New York Stock Exchange. BANKS STOCKS LEAD MARKET LOWER, ENDING FOUR-DAY RALLY G OLDMAN SACHS FALLS 3.5 PER CENT BANK OF AMERICA Merrill Lynch traders work on the floor of the New York Stock Exchange, Tuesday. Stocks fell Thursday, ending a four-day rally(AP CHICAGO A ssociated Press THE C BOE Futures Exchange said Thursday that it set several tradingr ecords in August, the exchange's b usiest month ever. The exchange said 1.83 million con tracts exchanged hands during the m onth, a new record. That's up 56 per cent from the 1.17 million contracts traded in July and more than five times the 291,533 contracts in August of lasty ear. The previous monthly volume high was set in June when 1.22 million s hares had been traded. T he Futures Exchange average daily volume set a record for the fourth consecutive month in August with 79,500 contracts traded per day. That was up 36 percent from the 58,532 contracts traded per day in July, which had been the previous high, and the 500 percenth igher than the 13,252 contracts traded p er day during August 2010. CFE experienced the two most-active trading sessions in its history on consecutive days during August. On Aug. 4, a day when the Dow Jones Industrial Average fell 4 percent, 137,508 f utures contracts were traded. That was e xceeded the next day, Aug. 5, when 152,133 contracts were traded. Before August, the previous single-day high was 104,811 contracts traded on July 14. Futures are a form of financial deriv ative. The contracts are agreements to b uy or sell a security at a particular p rice on a stipulated date. Shares of parent company CBOE Holdings Inc., which operates the Chicago Board Options Exchange, were down 52 cents, or 2 percent, to close at $24.73. CBOE FUTURES TRADING VOLUME SETS RECORD IN AUGUST Shar e your news The Tribune wants to hear from people who are making news in their neighbourhoods. 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.
P AGE 8B, FRIDA Y SEPTEMBER 2, 201 1 THE TRIBUNE B U S I N E S S R E V I E W NEW YORK Associated Press A M E R I CA N S k ep t s h o p p i ng i n A u g u s t d espite a month of ba d n ew s B es i d e s o ld wo r r i es a b o ut t h e e co n o m y, s h o p p e r s h a d n e w t r o u b l e s i n A u g u s t t h a t c o u l d h ave k ept the m fr o m hea ding to stores. The y fa ce d hi ghe r price s for food and cl othes. Wi ld st o ck mar k et s win gs fu eled conce r ns a bo ut a n o t he r re c e s si o n T h e n, H u rr ic a n e I re n e h i t i n the mi ddl e o f th e i mpo rt ant b ack-t osch ool sho pping sea s o n. De sp ite t hos e f actor s r evenu e in A ugus t a m on g 2 6 re ta i le rs w a s u p 4 .6 pe rc e n t a t st ore s o pe n a t le ast a ye a r a key indu stry me asu re according to the International Council of Sh opping Ce nters The gain is i n line w ith t h e 4 percent to 5 percent that analysts predicted at the beginning of the month. "Retailers weathered a numb e r of stor ms t o t urn in to w ha t 's e x p ec t e d t o be a s ol id ba c k t o -sc h o ol a nd Au g us t se ll i ng se a so n ," sa i d K e n Perkins, president of Research Limited LLC. Reta ilers reven ue results a r e c los e ly monito re d beca us e con su mer s pen di ng accou nt s f or 7 0 pe rc en t o f U .S ec on omi c a cti vi ty a nd is c r it ical f or a s tr on g eco nomy. L as t mo nth 's g ai ns i llu strate h ow c on s u me r s, th oug h thrif tier n o w, a r e w il l i n g t o s p en d o n e s s e n t i al s esp ecially f or thei r chi ldr en. I n Au gus t, f or ins tance, m any boug ht clot hes and s uppl ies fo r thei r c hildren g ivin g r e taile rs a boost durin g the sec ond-busiest shopping sea s on of t h e yea r Mer chants ar e hoping th e mo mentum w i ll con tin ue int o th e c r it ical ho lid ay sh opping season. "Consumers are looking beyond the noise a nd focusin g o n th eir o wn nee ds, a nd to som e ex t en t t ha t is h e lp i n g t h e r e t ai l s e ct o r an d h el ping the e co nom y, sai d Mi ch ae l P. Ni em ira, chief economist at the ICSC. "When you have so many of these events, the consumer seems to be de-sensitized." Jessica Wang, a 35-year-old mother of two c h il dre n, a g es 5 a nd 8 sh rug g ed o ff sto c k ma rk et pl ung es an d oth er wo rries a bou t th e e co no my thro ugh out Aug ust, spe ndi ng a bout $ 30 0 o n b ac k -to -s ch o ol i te ms An d ev e n th o ug h sh e had a power outage at her home after Hurri c an e Ire n e W a ng p la n s t o re s um e sh o pp i ng o n Thursday. "We're back in the saddle. My daughter is c ho mping at the bit," th e Br idgew ater N.J r e si d e n t a d d e d In m y m i n d w e v e b e e n sh o p pin g und er th e c l ou d of the e c o no my fo r a c ou ple of y ea r s now I had bu dge te d fo r ba c kto-school, and the crisis in the stock market doesn't affect my spending." The re sul ts f or Aug ust g iv e a pe ek i nto c o ns u m e rs m o o d s B ut m a n y re t a i l e rs p a rt i c u l a r l y ones th at cat er t o lo w e rinco me cus to mer s, do n ot r ep or t m ont hl y s ales A mon g th em, W a lM a rt S t or e s In c th e w o rl d 's l a r g e st r e ta i l e r Still, t he reports are seen as a hope f ul sign since many big retailers posted strong results against the odds. L ux ur y c hains eased worr ie s that w ealthy sh op per s wou ld pul l b ack b ecaus e o f s t ock mar ke t t ur mo il in A ug us t Nor d s tr om In c., for in st ance, had a 6. 7 per cent g ain, h igh er t h an t h e 4. 8 pe r c e nt i n c r e as e a n al y s t s ha d expected. Ot her r etailer s l ike Tar get Cor p., pos ted solid r esult s des pite the economy as people sh op pe d mo re for ba c kto-sc h oo l supp li es an d hurricane-related items. Target's revenue at stor es open at l e as t a yea r c l imbed 4.1 p e r c ent in August, topping W all Str e et's forec ast of a 3.5 percent increase. Target said its monthly results, which were helped by an increase in average transaction size, also got a boost of one-half of a percent a g e po in t a s sho ppe rs in th e E a st h e ad ed t o its s to re s t o bu y g ro c e rie s a nd ot he r go o ds to p re pare for Irene. W hi le the pa c e of t he ec o no mi c r ec o ve ry is u nev en a nd unc erta in, w e are con fide nt," sa id G re g g S t e i n h a f e l c h a i r m a n p r e s i d e n t a n d c h i e f e xe cuti ve offic er o f Targe t in a sta teme nt. E ve n re ta il e rs t ha t w er e hu rt by som e o f th e fa ct ors in Au gust po s te d g ain s Mac y's I n c. c losed more tha n 1 00 stores in a ffec t e d a r e as, inc ludin g its fla gship s tore in Ma nhat tan w here the city 's publi c tran s p ortati on s ys te m was cl os ed ah ead o f Hu r ri cane Iren e. As a result, the c omp any s a id Au gust re ven ue w as 1 .5 p erce ntag e po ints low er tha n i t w ould hav e bee n. Still, the reta iler had a 5 pe r ce nt gain in r ev enue at stor es opene d at least a year above the 4.5 per cent incr ease a nal ysts w ere exp ec ting. "W e exp ec t the hurric ane 's effe ct on sa les w i l l be su bst a nt ia ll y of fse t a s w e m o ve th ro ug h S e p t e mb e r a n d th e t hi r d q u a rt e r, sa i d Te rr y J L un dg re n, c ha i rma n p re sid en t a nd c hi e f e xe c u tive in a sta teme nt. N o t e v e r y o n e ha d g a i n s, t h ou g h J C P e n n e y Co. an d Koh l' s Co r p., b ot h r epo r te d un exp ec ted dec lin es a s shop pers c onti nued to ve er to wa r d t he h i gh er a nd lo wer e nd r et ai le r s i n st e a d o f t h os e s e rv i ng t he m i dd l e -o f -t he ro a d c u s t o m e r Ke vin Manse ll, Kohl 's C EO, vo we d Thursd ay tha t the c ha in i s a gg re ssiv ely in cre a sing its m arket ing and sharpe ning i ts pric ing for th e rem ainder of the fa ll season to "reve r se the t r e n d Gap In c ., which had long been s tr uggling with a s al es m alai se sai d r even ue at s to r es o p e n e d a t l e a s t a y e a r f e l l 6 p e r ce n t T h e d e c li n es w er e a c ro ss a ll it s br an d s, i n c lu di n g i ts na mesake s tores, Ba nana Republic and Old N a v y. It sta rt ed ema il in g 5 0 pe rc e nt d isc o un ts o n w o me n 's c l oth i ng to sh o pp ers i n t he No rth e ast j ust for Thursda y. Retailers report solid gains for August IN THIS A ug. 17, 201 1 p hot o, th e Ga p s to ref ront i s s e en in F re ep ort, Ma ine Re ta il ers are re po rtin g s oli d re v e nu e g a i n s f o r A u g u s t c a p p in g wh a t' s wi n d i n g u p t o b e a s o l i d b a c k -t o s c h o o l s e a s o n d e s p i t e wi l d s to c k ma rke t s win gs a nd w o rrie s a bou t th e ec on om y. But Ga p I nc p os ted a bi gg er-t ha n-e xp ec te d drop (A P) I N THIS photo take n July 16, 2011, c ustomers s hop at Ta r ge t store in Lo s Angele s. Retailers are rep orti ng s oli d rev e nue ga in s for Au gus t, c ap pi ng wha t's wi ndi ng u p to be a so li d ba ck -to-s c hoo l se a so n despite wild stock market swings and worries about the economy. (AP) Y e t as wi t h I r en e, t he B ah a ma s go t o f f r el a t i ve l y l i gh t l y, as t h e Wa l l S t r e et cr e d i t r a t i n g a g e n c y e s c h e w e d d o w n g r a d i n g t h i s n at ion 's cr ed it r ati ng. Wit h cr ed it wor t hin es s m a i nt a i n ed t h e Ba ha m as b o r r o wi n g c o s t s o n t h e i n t er na t i on a l m ar ke t w il l r em a in t he s a me, as i nt er es t r at es at ta ched t o s o ver ei gn d e b t i s s u e s s h o ul d be un a f f ec t ed M oody's move was likely c o ming f or s ome t i m e b r i ng i n g it cl o s e r t o r i va l S t an d a r d & P o o r s p o s i t io n o n t h e B ah a ma s Bu t mo r e i mpor tan t t han M ood y's ac t ion w as t he mes s ag e i t d e li v er ed : L i m i t ed e co n o m ic g r o wt h p r o s p e c t s m e a n t t h e B a h a m a s w o u l d b e u n ab le t o g r ow' i t s way o ut o f it s e s cal at i ng n a t i o n a l d e b t a n d f i s c a l d e f i c i t p r o b l e m s m e an in g ne w o r i nc r ea s ed t ax es w ou l d l i ke l y b e n ec es s a r y P r o b le m i s i nc r e as e d t a xe s an d ec o nomic gro w t h don't go well to g et her. And as r epor ted by T rib une Busines s ye s t er d ay, I nt er n at io na l M o ne ta ry F un d ( I M F ) r e s e a r c h e r s h a v e u r g e d t h e B a h a m a s a n d o t h e r Car ib b e an na t i o ns t o ad o p t a pu b l i c d eb t ta rg et in g f r ame wor k s m oo th in g r ec ur r ent s pend ing o ver a fi ve-year bu si ness cycle t i me fr am e a nd s et t in g a b an d' wit h in whi ch t h e de b t t oG D P r at i o wo ul d r e ma i n. "F or th e Ba ham as a p r im ar y e xpe nd it ur e c o n s o l i d at i o n of a r o u n d t w o t o t h r e e p e r c e n t a ge p oi n t s o f G D P i n 2 0 11 t og e t h e r w i t h a cy cl i cal o r mo d e r at e l y p r o cy cl i cal o r c o un t e r cy cl i ca l p r i ma r y e xp e n di t u r e r o l es w o ul d b e en o u gh t o m a in t a i n de b t t oG D P i n 2 015 b elo w th e le vel pr edi cted fo r 2010 in 7 0 pe r cent o f t he s imu la ted cas es ," th e I M F p a p er s a i d. I n t h e a bs en ce o f a n y a ct i o n b y th e Go v e r n m e n t t h e p a p e r f o r e c a s t t h a t t h e B ah a ma s d eb t t oG D P r a ti o wo u l d co nt i n ue cl imbing ove r the n ext four ye ars, expa ndi n g b y a f u r t h er 1 4 p er c en t a ge po i n t s t o h i t 7 9 pe r c en t i n 20 1 5. T h e l a t t e r f i g u r e w a s s om e 19 pe r c enta ge poi nts hig her than the 6 0 p e r c en t de b t t oG D P r a t i o p r o j ec te d i f t h e B ah am as h ad f o ll ow ed it s s p en d in g con s o li d a t i on m ea s u r e s T h e b l un t t r u t h i s t h a t t h e Ba h am a s h a s n ev e r a c h i e v e d a b a l a n c e b u d g e t a t l ea s t o n t h e r e cu r r en t s i d e, du r i n g t h e 38 y e ar s i n wh i ch i t ha s b ee n an i n de p en d en t n at i on Succe s sive administr ations of both hues ha ve r e l i e d o n e v e r i n c r e a s i n g g r o s s d o m e s t i c p r o d u ct ( G D P ) d at a t o k ee p t h e d e f ic i t an d d e b t t o G D P r a t i o s i n c h e c k T h a t G D P g r o wt h h as n ot b ee n t h e r e f o r s ev e r al ye ar s n o w r o b b i n g t h e G o v e r n m e n t o f i t s b e s t a cc o un t i n g t r i ck T h e B a h a m a s i s i n a c o r n e r n o d o u b t a b o u t i t O n t h e o n e h a n d i t d e s p e r a t e l y n e ed s j o b c r e at i o n a n d g r o wt h m om e n t um b o t h t o s o l v e i s un e m pl o y me n t an d p u b l ic f i n a n c e i s s u e s T r o u b l e i s t h e s e a r e i n e x t r em e ly s ho r t s u pp l y an d t o a vo i d a f u r t h e r d o w n g r a d e b y M o o d y s t h e G o v e r n m e nt w i ll l i ke l y h a ve t o r ai s e t ax es or in t r o d u ce ne w o n es D o i n g t h e l a t t e r m a y we l l m e a n l e s s o f t h e f o r m er w i t h al l t h e at t e n da n t i m pl i ca t i on s fo r t he pr i vat e s ect or a nd em pl oy men t l e ve ls th a t en t ai ls I n o t h er w or d s t he r e ar e n o eas y op tion s or w ay out for t he Bahamas u n l e s s i t c a n f i n d f r o m s o m e w h e r e m a j o r e co n o m ic gr ow t h m om e n tu m t o s o l v e b o t h i s s u es s i m u l t an e o u s l y A s R i ck L o we t h e N a s s a u I n s t i t ut e e xe cu t i ve a n d we l lk n o wn f i s ca l h a wk h as o f t en s a i d o f t h e G o v e r n ment whe n i t c omes to the public fina nces: "I w o ul d n t l i k e t o b e i n t he i r s h oe s S T O RM W EA T HER GET S M ORE MO OD Y FROM page 12B Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. 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.
PAGE 8B, FRIDAY, SEPTEMBER 2, 2011 THE TRIBUNE BUSINESS REVIEW NEW YORK Associated Press AMERICANS kept shopping in August despite a month of bad news. Besides old worries about the economy, s hoppers had new troubles in August that could h ave kept them from heading to stores. They faced higher prices for food and clothes. Wild s tock market swings fueled concerns about another recession. Then, Hurricane Irene hit in the middle of the important back-to-school shopping season. Despite those factors, revenue in August a mong 26 retailers was up 4.6 percent at stores open at least a year a key industry measure according to the International Council of Shopping Centers. The gain is in line with the 4 percent to 5 percent that analysts predicted a t the beginning of the month. "Retailers weathered a number of storms to turn into what's expected to be a solid backt o-school and August selling season," said Ken P erkins, president of Research Limited LLC. Retailers' revenue results are closely monitored because consumer spending accounts for 70 percent of U.S. economic activity and is critical for a strong economy. Last month's gains illustrate how consumers, though thrifti e r now, are willing to spend on essentials, especially for their children. In August, for instance, many bought clothes and supplies for their children, giving retailers a boost duri ng the second-busiest shopping season of the year. Merchants are hoping the momentum will continue into the critical holiday shop p ing season. "Consumers are looking beyond the noise and focusing on their own needs, and to some e xtent that is helping the retail sector and h elping the economy," said Michael P. Niemi ra, chief economist at the ICSC. "When you have so many of these events, the consumers eems to be de-sensitized." Jessica Wang, a 35-year-old mother of two children, ages 5 and 8, shrugged off stock mar k et plunges and other worries about the economy throughout August, spending about $300 on back-to-school items. And even though she had a power outage at her home after Hurri c ane Irene, Wang plans to resume shopping on Thursday. "We're back in the saddle. My daughter is chomping at the bit," the Bridgewater, N.J. resident added. "In my mind, we've been shop ping under the cloud of the economy for a couple of years now. I had budgeted for backt o-school, and the crisis in the stock market doesn't affect my spending." T he results for August give a peek into consumers' moods. But many retailers, particularly ones that cater to lower-income customers,do not report monthly sales. Among them, Wal-Mart Stores Inc., the world's largest retailer. Still, the reports are seen as a hopeful sign since many big retailers posted strong results against the odds. Luxury chains eased worries that wealthy s hoppers would pull back because of stock market turmoil in August. Nordstrom Inc., f or instance, had a 6.7 percent gain, higher t han the 4.8 percent increase analysts had expected. O ther retailers, like Target Corp., posted solid results despite the economy as people shopped more for back-to-school supplies and hurricane-related items. Target's revenue at stores open at least a year climbed 4.1 per c ent in August, topping Wall Street's forecast of a 3.5 percent increase. Target said its monthly results, which were h elped by an increase in average transaction size, also got a boost of one-half of a percenta ge point as shoppers in the East headed to its s tores to buy groceries and other goods to prep are for Irene. While the pace of the economic recovery is uneven and uncertain, we are confident," said G regg Steinhafel, chairman, president and chief executive officer of Target in a statement. Even retailers that were hurt by some of the f actors in August posted gains. M acy's Inc. closed more than 100 stores in a ffected areas, including its flagship store in Manhattan where the city's public transportation system was closed ahead of Hurricane Irene. As a result, the company said August revenue was 1.5 percentage points lower than i t would have been. Still, the retailer had a 5 percent gain in revenue at stores opened at least a year, above the 4.5 percent increase a nalysts were expecting. "We expect the hurricane's effect on sales will be substantially offset as we move throughS eptember and the third quarter," said Terry J. Lundgren, chairman, president and chief executive in a statement. Not everyone had gains, though. J.C. Penney C o. and Kohl's Corp., both reported unexpected declines as shoppers continued to veer toward the higherand lower-end retailers i nstead of those serving the middle-of-the-road customer. Kevin Mansell, Kohl's CEO, vowed Thurs day that the chain is aggressively increasing itsm arketing and sharpening its pricing for the remainder of the fall season to "reverse the trend." G ap Inc., which had long been struggling with a sales malaise, said revenue at stores opened at least a year fell 6 percent. Thed eclines were across all its brands, including its n amesake stores, Banana Republic and Old Navy. It started e-mailing 50 percent discounts on women's clothing to shoppers in the North-e ast just for Thursday. Retailers report solid gains for August IN THIS Aug. 17, 2011 photo, the Gap storefront is seen in Freeport, Maine. Retailers are reporting solid revenue gains for August, capping what's winding up to be a solid back-to-school season despite wild stock market swings and worries about the economy. But Gap Inc. posted a bigger-than-expected drop. (AP IN THIS photo taken July 16, 2011, customers shop at Target store in Los Angeles. Retailers are reporting solid revenue gains for August, capping what's winding up to be a solid back-to-school season despite wild stock market swings and worries about the economy. (AP Yet, as with Irene, the Bahamas got off relatively lightly, as the Wall Street credit rating agency eschewed downgrading this nations credit rating. With creditworthiness maintained, the Bahamas borrowing costs on the international market will remain the same, as interest rates attached to sovereign debt issues should be unaffected. Moodys move was likely coming for some time, bringing it closer to rival Standard & Poors position on the Bahamas. But more important than Moodys action was the message it delivered: Limited economic growth prospects meant the Bahamas would be unable to grow its way out of its escalating national debt and fiscal deficit problems, meaning new or increased taxes would like ly be necessary. Problem is, increased taxes and economic growth dont go well together. And, as reported by Tribune Business yes terday, International Monetary Fund (IMF researchers have urged the Bahamas and other Caribbean nations to adopt a public debt targeting framework, smoothing recur rent spending over a five-year business cycle timeframe and setting a band within which the debt-to-GDP ratio would remain. "For the Bahamas, a primary expenditure consolidation of around two to three percentage points of GDP in 2011 together with acyclical or moderately procyclical or countercyclical primary expenditure roles would be enough to maintain debt-to-GDP in 2015 below the level predicted for 2010 in 70 per cent of the simulated cases," the IMF paper said. In the absence of any action by the Government, the paper forecast that the Bahamas' debt-to-GDP ratio would continue climbing over the next four years, expand ing by a further 14 percentage points to hit 79 per cent in 2015. The latter figure was some 19 percentage points higher than the 60 per cent debt-to-GDP ratio projected if the Bahamas had followed its spending consolidation measures. The blunt truth is that the Bahamas has never achieved a balance budget, at least on the recurrent side, during the 38 years in which it has been an independent nation. Successive administrations of both hues have relied on ever-increasing gross domestic product (GDP debt-to-GDP ratios in check. That GDP growth has not been there for several years now, robbing the Government of its best accounting trick. The Bahamas is in a corner, no doubt about it. On the one hand it desperately needs job creation and growth momentum, both to solve is unemployment and public finance issues. Trouble is, these are in extremely short supply, and to avoid a further downgrade by Moodys the Govern ment will likely have to raise taxes or introduce new ones. Doing the latter may well mean less of the former, with all the attendant implica tions for the private sector and employment levels that entails. In other words, there are no easy options or way out for the Bahamas, unless it can find from somewhere major economic growth momentum to solve both issues simultaneously. As Rick Lowe, the Nassau Institute executive and well-known fiscal hawk has often said of the Govern ment when it comes to the public finances: I wouldnt like to be in their shoes. S TORM WEATHER GETS MORE MOODY FROM page 12B Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. 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 TRIBUNE FRIDA Y SEPTEMBER 2, 201 1, P AGE 1 1B B U S I N E S S R E V I E W G R I M R E A D I N G W h a t e v e r y o ur p o l i t i c a l p e r su a s i o n m a y b e y o u w ou ld h av e to a c know l edg e th at th e u nemp loym ent data rel ea s e d b y the D epa r tm ent of Sta tistic s last m onth w as not good from any sta ndpoi nt. A n d p e r h a p s m o r e t r o u b l i n g i t a pp ea rs th at f ew ha ve a ny i de a w ha t to do abou t. Predic tably th e G overnme nt a nd opposition Progress ive Liberal Pa r t y e n g a g ed i n t h e u s u a l r o u n d o f p o l i t i c a l f i n g e r p o i n t i n g a f t e r t h e D ep a r t m e n t o f S t at is t i cs s a id t h e h ea d l i ne u n em p l o y me n t r a t e h a d dropped from 14.8 per cent in May 2 0 0 9 to 1 3 .7 pe r c en t tw o y e a rs l a te r, a decline of one per c entage point. R y a n P in d e r, P LP M P fo r E li z a b e th w e nt so fa r a s t o d e s c ri b e it a s FN M voodoo economics at its best". Ra t h er tha n e ngag e in po litick ing ( pe r h ap s a b et t e r t e r m wh er e al l B ah ami an pol itic ian s are c onc ern ed i s poli tr ic king ', giv en that a gen eral e l e c ti o n is c o mi n g u p ), Tr ib u n e B u si n ess bel iev es tha t Mr Pin de r a nd his c o l l e a g u e s o n b o t h s i d e s o f t h e H ou se of Asse mb ly di vi de w o uld b e f a r b e tt e r em p lo y e d i n de v i si ng w a ys to grow the national economy and c ur e our jobs crisis '. E mployment an d t he eco no my wil l b e t wo k ey election issues, and this newspaper w il l be s crut inis ing the c o ntender s for s pec if ic pr oposals and idea s to g e t u s mo v in g f o rw a rd a g a in n o t th e usual airy fairy' fluff that promises the earth and delivers little. A s fo r t he "voodo o econom ics" ji b e, t he De p ar t m en t of S t at i s t ic s p o i n t e d o ut t h a t t h e tw o m a i n f a c t o rs b e h i n d t h e u n e m p l o y m e n t r a t e decline were an increase of persons w o rki ng in the inf or mal ec o nomy, c oup led w ith an inc rease in di s c oura g e d wo r k e r s t h o s e B a h a m i a n s who have simply given up looking for work. The 34.8 per cent increase in dis couraged workers to almost 12,000 w as the most w orrying a s pe ct of the r e po rt I t i nd i c a t e s th a t p os si b ly h un dred s of Bahamian s are in d anger of losing the habit of regular work, with all the family and social impli c a ti on s t ha t at te nd to t ha t. Th e C e ntra l B a n k o f th e B a ha m a s su m me d it u p b es t t hi s we ek, wit h it s as s es s m e n t t h a t c o n s i d e r a b l e s l a c k r e m a i n s i n t h e B a h a m i a n l a b o u r market. T h e m a j o r i t y o f t h e j o b g a i n s over the last tw o y ears ha ve been in t he in for mal sect or and t he num ber of d iscou r a ge d w orke rs w as e lev at e d b y 3 4. 8 p er c en t to 11 90 0" was how the Central Bank summed i t u p, ec ho i ng t he De p ar t m en t o f Statistics. T h e i m p l i ca t io n s a r e pr o f ou n d T h e B aha ma s c ann ot cre ate e nou gh jobs fo r the ex isting 25 ,95 5 Ba hamia n s c la s s i f ie d a s t he u n em pl o ye d l ab ou r f o r ce', an d 11 ,90 0 di s cou r a ge d wo r ke r s le t al o ne t he 5, 00 0 t e e n a g e r s w h o l e a v e h i g h s c h o o l every summer. Even assuming that ar ou nd 1,50 0 o f th os e cont inue t o c o l l eg e o r h i gh e r e d u ca t i o n ( t h a t number may be too generous), that leaves 3,500 to go straight into the workforce. Wher e ar e the, a nd th e exis ti ng 37,800 jobless' Bahamians going to go? Public policymakers have long b e e n c o n f r o n t e d w i t h t h i s i s s u e n ame ly gr owi ng t he eco no my f as t en oug h to a bs or b all t ho se s choo l leavers, but the recession has exac e r b a t e d t h e p r o b l e m d u e t o i t s impact on the existing labour force. The only conclusion to be drawn is that the Bahamas will be stuck with r ela t i vely high unemployment r a t e s for several years to come, and will ne e d to e x p a n d i ts e c o n om y a t a r at e mu c h hi g he r tha n h as b ee n a c hi e ve d i n the las t decade t o gro w it s way out of this. A s M o o d y s t h e i n t e r n a t i o n a l cr ed it ra tin g a ge nc y p oi nte d ou t, t he Bah ami an econ omy h as gr o w n by an ane mic c ollec tive 6 pe r c ent ove r the past de ca de. It may w el l n eed to gr ow a t le as t t ha t ra te o ve r a pe riod o f s e v e r a l y e a r s t o s o a k u p t h e une mpl oye d and di s c ou r a ge d wo r k ers. But the signs currently are not encouraging. T r u e t h e r e w a s p r o b a b l y n o t much more that the Ingraham gov e r n m e n t c o u l d h a v e d o n e i n t h e sh o r tt e rm t o m i t ig a te t h e r e c e s si o n s effects on the Bahamian economy. A s a s ma ll, o pen econo my r eli ant on tourism and financial services to m ain ta in i ts p os it io n as a s er vi ces e x po rt e r, t he fi n a nc i a l c r is is a n d su b s eq u e n t r e c e s s i o n w e r e b o u n d t o have a major impact on this nation. F e w p r o b a b l y r e m e m b e r b u t a n O ECD r e po r t i n 20 01 r a nk ed t h e Bahamas as having the fourth most v u l n e r a b l e e c o n o m y t o e x t e r n a l shocks. I n t e r m s of so l u t io n s t h e B a h a m a s to da t e a p pe a rs t o h a ve d on e l i tt le to look beyond its traditio na l gr ow t h drivers tourism and foreign direct inv estme nt. Perh aps it has done th is with good reason, as the two have served it well for decades. The last g ro w t h sp u rt t hi s c o u nt ry e nj o y e d, in the late 1990s, came from renewed h i g h l e v e l s o f i n v e s t m e n t i n t h e tourism and hotel industry, spurred b y u n p r e c e d e n t e d U S e c o n o m i c growth. While Baha Mar is set to create some 7,000 permanent jobs when it ev en tu al ly co mm en ces fu ll op er at io ns s om e th r ee ye ar s f r om no w, tha t fi gure i s le ss tha n 20 pe r c en t o f t h e t o t a l d i s c o u r a g e d a n d u n e m ployed workers combined. And, as s ev er al pri va t e sector f igures have pointed out, there is nothing on the horizon that appears ready to gen er at e r en ewed gr owth m omen tu m between 2011 and 2014. So, what 's a count r y to do Th e Bahamas must look to build upo n w h a t i t h a s n a m e l y t o u ri s m f i n a n c i a l s e r v i c e s r e a l e s t a t e a n d f o r e i g n direct investment, while simultane o us l y p l a n n in g f or t h e s h o rt m e d i um and long terms. S tr u ctura l r e form is key Qua lity h uma n capi ta l is vit al t o com pet it i v e n e s s i n t h e m o d e r n w o r l d s o t r a n s f o r m i n g t h e o u t p u t o f t h e Ba hamian educ ation system wi t h one e ye on prepa ring its gra duate s for in dustries thi s natio n w ould like to attra ct is key How abou t te ch n o lo g y re l a t e d s e c t o rs, w i t h h i g h e nd produc ts an d the h igh m argin s n ec essary to offset the Ba hama s high op eratin g c ost ba se? A n d wh at a bo ut Nas s au s et ti ng Fr eepo rt fr ee t o tr ul y b ec o me the in dustrial a nd log istic s c ap ital of th e B a h a m a s u nd e r th e H a w k s bi l l C r e e k a g r e e m e n t ? P o w e r c o s t s a r e a n i m p e d i m e n t t h e r e b u t i t a p p e a r s a s i f G r a n d B a h a m a P o w e r C o m p a n y m a y h a v e f i n a l l y f o u n d t h e r i g h t ma jority ow ner i n E mera A l l t h e G o v e r n m e n t c a n d o i s f a c i l i t a t e t h e c r e a t i o n o f a n e n a b l i n g e n v i ro n m en t T he e l im i na t i on of bu re a u c rac y a nd r e d ta pe, an en d to burde ns o me an d u nn ece s s ar y r egu l at i o n s, a n d a c a n d o s p ir i t i n a l l a g e n cies t he pr i vate s ect or m us t to uch w o uld, in t heir o wn s mall way, go fa r i n mov ing the ec onom y forwa rd. B u t t h e B a h a m a s m o s t m o v e q u i c k l y I t h a s c o m e a l o n g w a y a lrea dy, b ut nee ds the wil l to mov e b eyo nd the statu s qu o whe re nec essa r y and c ha llen ge a ss u mption s a nd t r a d i t i on s It m a y n o t a l w a y s b e p ol i t ic ally popula r bu t f or the good of t housa nd s o f une mpl oye d a nd th ose w ho co me a fter th em, it i s essenti al. A BIG JOB With thousands unemployed or not even s e e k i n g w o r k t h e B a h a m a s must act quickly to regain its economic momentum F U E L L I N G th e e con o my i s an ir r e pl a ce ab l e j o b S o t he co n ce r n e n g e n d e r e d w h e n t h e B a h a m a s P e t r o l e u m R e t a i l e r s A s s o c i a t i o n ( B P R A) t h re a t e n e d t o s tr i ke i n a b i d to dra w atte ntion to the ir p ligh t w as w h o l l y u n d e r s t a n d a b l e Y e t o n e w o n de r s w hether their pl ight has be en re so lv e d, or i f it ha s me re ly be e n p ut i nto un easy ab eya nc e. I n a nuts hell, the real iss ues are t h e s e : Th e p ri c in g s tr u c t u re t h e n e e d f or ret ai l c on sol ida ti on the re la tio nsh ip b e tw ee n w ho le sa le rs a nd ret ai le rs and th e Gov ernm ent's in volv em ent in the sec tor. N one ha ve be en adequ ately de alt wit h, but i nst ead m erely kic ked d own th e road to be a d d r e s s e d a n o t h e r d a y T h a t i s s i m p l y n ot go od e noug h. Tr ue all four pla yers i n the e quation were, and still are, in a tricky p osition. The c onsum er bu s i nesses and in di vi du al s can il laf f or d an increase in gasoline prices, as it will fu r t he r d ep le t e al r ead y d win d li ng incomes in the midst of a recession, thereby protracting any recovery. Y e t o n t h e o p p o si t e a re t h e B P R A and other petroleum retailers, who a r e a rg u i n g t ha t th e i r m a r gi n s $ 0 4 4 p er ga llo n o f g aso line an d $0 .19 per gallon of diesel consistently leave the m in the re d, u nable to c over the co s t o f pu r c h as i n g n e w f u e l s h i p men t s l et al on e r ent l ab ou r c os t s a n d li g ht b il ls. Ma xe d -o ut o ve rd ra fts a n d c r e d i t c a r d s a n d m o r t g a g e s home s w ere the order of the da y, they complained. The oil companies, namely Esso, T e x a c o a n d F O C O L ( S h e l l ) rem ained larg ely in the bac kground while the strike threat and contro ver s y r ag ed, ob vio us l y wan ti ng t o a v o i d b e i n g p a i n t e d a s t h e b a d b o y s a s f o r m e r P L P m i n i s t e r o f t r a d e a n d i n d us t ry Le s l i e Mi l l e r c o n tinues to cast them. F i n al l y, t h er e wa s t h e G o ve r n me nt, w hich wa s face d w ith a major po lit i cal d ile mm a, ex acer ba ted by the looming 2012 general election. On the one hand, a gasoline strike was a major threat to its re-election p r ospe cts, giv en all the lik ely inc onv e n ie n c e a nd e c o n om i c im p li c a t io n s. Y e t g i v i n g i n t o t h e B P R A s demands would also set the econo m y b a c k a n d c r e a t e n u m e r o u s unhappy voters. In t h e e n d, Pri m e Mi n is te r H ub e rt Ingrah am s ki llfully wa lked the middle road. While telling the BPRA's mar gin com mit tee chai rma n poi nt b l a n k t ha t a n y m a rg i n i n c r e a se s w e r e off the t able an d a compl ete no ns t ar t e r M r I n g r ah a m wa s ab l e t o t hro w o ut a f ew bo ne s to p la c at e th e retailers and avert a strike threat. W h i l e d a n g l i n g t he b a i t o f a p o te n tial margin increase once global oil price s c ame dow n, the Prime Mini s t e r a l s o p r o m i s e d a C o m m i s s i o n wou ld be appo inted to inves ti gate the retailers' complaints about the u n f a i r c o m m e r c i a l t e r m s b e i n g i m p o s e d u p o n t h e m b y t h e o i l ma j ors. Fi na ll y fr om b ot h th e P rim e M i ni s t er an d m in is t er o f s t at e f or th e e n v i ro n m e nt Ph e n t o n N e y m o u r, came vague hints of deregulation. De regul ation Ah hhhh, tha t m agic a l wo rd fo r t he G ov e rnme n t o pe ning up prev iously tig htly-c ontroll ed, high ly regu late d m arkets to the free m a r ke t an d co mp e t it i o n. T h ey 'v e a l r e a d y d o n e i t w i t h co m m u n ic a t i o n s s o w h y n o t t h e p e t r o l e u m i ndu s tr y? Es pecial ly s ince O swal d M o o r e, th e B P RA 's m ar g i n co m mittee c hairman, effe ctiv ely bac ked the idea as the key solution to the sector's current woes. N o t s o f a s t R e c o g n i s i n g t h e t h o r n y p o l i t i c a l i m p l i c a t i o n s t h e Go v er nm e nt s w if tl y b a tte d a n y d e c ision o n the d ere gu la tio n i ssue to t he Commission, whose members have yet to be appointed, and which has no tim eline by w hich it must report. For dereg ulati on woul d e limin ate the Government-imposed price, or margin, controls imposed on the oil companies and petroleum retailers, allowing them to compete without re str a in t a nd tra n sfo rm i ng th e s ec t o r f r om be in g pu r ely a vo lu me b us i ness. The fear, from a government perspective at least, is that if the oil companies and petroleum retailers w e r e u n l e a s h e d g a s o l i n e p r i c e s would rise and further depress the economy, not to mention the back l a s h t h a t m i gh t r es ul t f r o m a ng r y voters. Y et m a in t a i n in g t h e s t a t u s q u o make s no sen s e In tw o, fiv e, six, 1 0, h owever man y year s, the r et ail ers will be back hammering at the door with the same complaints, pushing fo r ma rg i n i n c re a se s a nd t h re a te n in g strike action. This, arguably, repre sents yet again the unintended con seq ue n ce s of w e ll -i nte n tio ne d p ol ic y t h a t w a s d e s i g n e d t o p r o t e c t Baham ian c ons ume r s a nd business es. It may have kept gasoline prices down b ut this is of little use if there is no one to sell th e gaso line. T he r e t a i l s i d e o f t h e i n d u s t r y m u s t b e com e s u s t ai n ab l e, an d t h e o nl y w a y f o r t ha t t o h a p p e n i s t o a l l o w t h e retailers to compete, together with consolidation. The r eality i s that ther e are to o m a n y g as s t a t io n s o n N ew P r o vi d enc e com pe ti ng f o r t o o f ew cus tomers. As an example, does Esso really need two gas stations within h al f a m i le o f e ach ot h er n am el y Ma c k ey St re e t an d t he Vi l la g e R o ad r ou nd ab ou t? T h e oi l m ajo r s mus t resist the t emp tati on to ea c h p lac e a g a s s ta t i o n w he r e v e r t h e i r ri v a l s h a v e o ne f o r a l l t ha t h a s do n e i s c re a te an industry which is over-retailed. In a c om pet itiv e en viro nme nt, it 's tr u e t ha t pr ic e s m i g h t p os si b ly ri se to help the retailers cover their over h ea d s. Ye t t h e c o m pe t it io n w i l l k e ep th em k ee n, e nsu rin g no ne g et a he ad of t h e m arket, and rew ard the mo r e effic ie nt g as s ta tion ope r a tors at the ex pense of th os e w ho price c ontrols have kept in business. F o r t h o s e t r a n s p o r t a t i o n b u s i ne ss es heavi ly re lian t on ga so lin e, s uch as to ur op er ato r s ji tn ey an d t axi dr iver s, a der egul ated mar ket w ould a llo w ga s sta tion s to c omp ete for their business. Discounts might be on offer to firms who send their v eh ic l e f le e ts to f il l up at a pa rt ic u la r gas station. F o s t e r i n g s u ch a n e n v i r o n m en t m i g ht a l so h e l p t h e G ov e rn m e n t b e t ter a chi eve its obje c tive of nudg ing B a ha mi an s to use sma l le r, m ore fu el effi cie nt v ehic le s A hug e rise in the Roa d Tr a ffic Depa rtment' s v ehic le lic en ce and inspec tion fee s a ppe ars not to ha ve cu t the musta r d a nd a sligh t rise i n g as pric es m ight force B a h a mi a n s t o t hi n k a b i t m or e a b o u t tr a ns portation efficienc y, car po oling an d g r e ate r use of p ublic tra nspo rt T hi s, th ou g h, l ea d s i nt o a w id e r pu b li c po l ic y d isc u ss io n t ha t T rib u ne B usi ne ss w i ll l ea ve for a no the r tim e. B esid es, if the G ove r n ment rea lly w ant ed to low e r g aso lin e pri ce s by a signi fic ant am ount, i t nee d look no furthe r than the ta xe s it im poses on the ind us try. As a relative ly small, i n s i gn i f i ca n t m a r k e t i n t h e g r a n d sche me o f th ings, the Ba hama s w ill a l w a y s b e a p r i c e t a k e r w h e n i t c o m e s t o p et r o l e u m p r o d u ct s u n ab l e t o negotiate discounts o r prefer e nt ial terms from suppl iers. Be cau s e t he Bah a m as d oe s n ot ge nerat e t he s a les vol umes of large r na t io n s, a n d h a s hi g h o pe ra t in g c ost s t o boo t, ga so lin e pr ices wi ll l ikel y rema in rela tive ly hig h fo r the fore seea ble fu ture. A maj or c omp onen t of the per ga llon pric e, of co urs e is the Gov e r n me nt' s $ 1. 16 fla t tax pl us 7 pe r c e n t S ta m p D ut y o n t he c o st o f l an de d fu el An y re du ct ion s or e lim in ations here wo uld g o a lo ng w a y b ut w it h pe t r o le um r e la t ed ta xe s a c c o u n t i n g a si g n i f i c a n t c h u n k o f r e v en ues am id a n esc alati ng de bt a nd d e fi c i t c r i s i s su c h a c t i o n b y t h e I n g r a h am a dm in i stra t io n i s un li k el y in th e s h o r t t e r m W h e r e t h e G o v e r n m e n t g o t i t ri g h t w as t o l o o k i n t o t h e r e l a t i o n s h i p be twe en the re tail ers and thei r supp l ie r s a n a r e a o f co n t r o v er s y f o r m a n y y e a r s p a r t i c u l a r l y w h e n i t c o m e s t o t h e r e n t s r o y a l t i e s a n d f ra n c h is e f e e s le v i e d b y t he l a tte r A ga i n e n d i n g t h e c u r r e n t s t r u c t u r e o f pr ice/ mar gin co nt ro ls wo uld a ss is t thi s aspec t, to. Fears that th e oil m ajors are p erfe ctly po s i tione d to e nga ge in pric e fi xi ng a nd c o llu sion in a de r e g ula te d e nviron ment, bec au s e the Ba ham as lack s an y comp eti ti on o r an ti tr us t l a w s, ha v e a ls o b e e n e x pr e sse d S u c h a c o n c e rn i s u n de r st a n da bl e b ut l e t' s no t f or g et t ha t as pa r t of it s E con o m i c P a r t n e r s h i p A g r e e m e n t ( E PA ) ob li g a ti on s th a t th e B ah a m as i s su p p o s e d b y n e x t y e a r, t o e st a b l i s h a c o m pe t it io n w a tc h d og w i th a c c om p a n y i n g l a w s a n d r e g u l a t i o n s. I f t h e s e h av e bit e, a nd the co mpe titi on bod y h as te e th, the n th e a nti trust i ssue s in t he pe trol e um i nd ustr y w il l be ta ke n c are of. And, rath e r t han create a no ther b u re a u c r a c y T r i b u n e B u s i n e ss w o u l d re sp ectf ull y su gges t t hat wh ateve r a ge ncy i s respon s i ble for Pr i ce C ontrol s be c onv erted into the c omp etit i o n w a t c h d o g P r i c e c o n t r o l s a r e n o w o bsolete a s the B aha mas i s inc reasi ng ly di sc ov eri ng in ma ny ind ust rie s. R a t h e r t h a n r u n a w a y o r p o s t p o n e an y d ec is i o n f o r an o t he r da y, t he B aha mas should not be frighte ned t o r e f or m a n d m a k e t h e c h a n g e a ft e r d u e c on si de r a ti on w he n e v e r th e s ta t us q uo is n ot w ork in g A nd it w o ul d d o we ll to reme mbe r th e imm ortal quo te f r om t he UK 's I r on L ad y', f o r m e r p r i m e m i n i s t e r M a r g a r e t Thatc her, w ho said s i mply: "Don't b uck the ma rkets, bec a use th ey w ill b uck you ." Fuel for reform INIT IATIV E: In July hundr eds t urned out to register f or the Governm e nt 's Job Readiness programme. The job initiative was first announced by Prime Minister Hubert Ingraham during this year's budget debate in Parliament. UNDERSTANDABLE CONCERNS: The Baha mas Petrole um Re tail ers As soc iati on (BPRA) threatened to strike in a bid to draw attention to their plight. Deregulation best way to address Bahamian petroleum sector fault lines
B U S I N E S S R E V I E W P AGE 12B FRIDA Y SEPTEMBER 2, 2011 I N F R A S T R U C T U R E B A N K C O U L D B E P A R T O F J O B S P A C K A G E SEE P A GE 7B MOBLIE SHOPPING: MORE B UZZ THAN B UY SO F AR SEE P AGE 9B T here was a late, nasty twist in the tale. Hurricane Irene was very "Moody" when she came through the central and southeastern Bahamas, and the international ratings agency of the same name also did this nation no favours when it downgraded its economic outlook. Yet both could have been far more devastating than they actually were. Yes, A ug us t did end on some s our n o t es f o r t h e B a h a m a s e s p e c i a l l y where it s f iscal pos ition and the econ o m i c o u t l o o k w e r e c o n c e r n e d I r e n e s t i m i n g c o u l d h a r d l y h a v e b e e n w o r s e i n t h o s e r e s p e c t s b u t co m p ar e d t o wh e r e t h e s t or m' s e ye h a d o r i g i n a l l y b e e n p r o j e c t e d t o t r a ck t h e ec on o m y, a s a w ho l e go t off relatively lightly, although such a v i e w wi l l d o u b t l e s s n o t b e s h ar e d b y r e s i d e n t s o f C a t I s l a n d L o n g I s l a n d A c k l i n s C r o o k e d I s l a n d E l eu t h er a an d A ba co A s Wi n s t o n R o ll e t h e B ah a ma s C h a m b e r o f C o m m e r c e a n d E m p l o y e r s C o n f e d e r a t i o n s ( B C C E C ) c h a i r m a n s u c c i n c t l y s u m m e d i t f r o m a B ah a m a s wi d e a n d N e w P r o v i d e n c e p e r s p e c t i v e : W e v e d o d g e d a b u l l e t I t w o u l d h ave b een qui te a di ff er ent s cenar io h a d I r e n e s t r u ck N as s au I t wo u ld h a ve be e n q u i t e s e ve r e We wo u ld h a v e b e e n r e e l i n g f r o m t h i s f o r mo nths and n ot been a b le to supp ly t he Fam ily Is l ands as we wou ld s t ill b e t r yi n g t o r ec ov e r o u r s e l ve s "A s mu ch a s we d an ce ar ou n d i t N a s s a u i s t h e c e n t r e o f e c o n o m i c a c t i v i t y a n d i f w h a t h a p p e n e d i n the Family Islands happene d to N ass au i t wo u l d h av e be e n s i gn i f i can t f r om an ec o no m i c s t a nd p o i nt T h e r ec ov er y p er io d is g o i ng t o b e c on s id e r ab l y s ho r t e r t h an i f N ew P r o vi d enc e h ad be en im p act ed I t s ki nd o f b i t t e r a n d s w e e t b u t I t h i n k w e' v e d o d ge d a s e r i o u s bu l l et a nd let's hope the rest of the season g oes s mo o t h ly f or N e w P r o vi d en ce General insu rers were b reathin g a s ig h o f r e l ie f e s t i m at i n g t h at t o t al i ns u re d l os s es f ro m Ir en e wer e li kel y t o b e i n t h e $ 9 0 m i l l i o n r a n g e w h i l e W e n d y C r a i g g t h e C e n t r a l Bank gover nor exp res s ed o pti mis m t h a t t h e B a h a m a s w a s s t i l l o n t r a c k t o g r o w i t s g r o s s d o m e s t i c p r o d uc t ( GD P ) b y 1 2 p e r ce nt i n 2 0 1 1 a f t e r t h e C a t e g o r y T h r e e s t o r m m i s s e d t h e ma i n t o u r i s m a n d f o r e i g n d i r e c t i n v e s t m e n t i n f r a s t r u ct u r e in Na s s a u R e c o n s t r u c t i o n e f f o r t s a r e n o w k i c k i n g i n t o g e a r o n t h e F a m i l y Is lands, and Tr ibune Busines s ho pe s th e d amag e bo th ph ys ical an d p s ych o l og i ca l c an b e r ep ai r e d i n t h e s ho r te s t po s s ib le ti m ef r ame Bu t i n t h e m ed i u m t e r m I r e n e' s g r ea t e s t i mp a ct i s l i ke l y t o b e on t h e Go v er nm e nt s f i n an ce s I f th e Ca ribbe an C atastroph e Risk I n s u r a n ce F ac i l it y s ( C CR I F ) e s t i mate bears its e l f out, t he $3 7 million bl ow t o t he Go ver nm ent mi ght po s s i b l y b e a b s o r b e d b y t h e e x i s t i n g 201 1-2 012 Bud get co up le d wi th t he j u d i ci o u s j u g gl i n g o f a l r e a d y a l l o c a t e d r e s o u r c e s a n d e x p e n d i t u r e r e a l l o c a t i o n s B u t I r e n e s t i m i n g c o u l d h a r d l y be w or se for the Go vernment, st ruggl i n g as i t a lr ea d y was wi t h a w ea k f is ca l s i t uat i on du e t o th e r e ces s io n. R eve nu es h ad f al len o ff i n li ne wi th t h e d e c l i n e i n e c o n o m i c a c t i v i t y w hi l e pu b l i c s p e nd i n g r os e i n a b id t o s t i m u la t e t h e ec o no m y an d m it i g a t e t h e do w n t u r n s w or s t e f f ec t s p r o d u ci n g f is cal d ef i ci t s co n s i s t en t l y n o r t h o f 5 p e r c en t A h u r r i c a n e r e l a t e d s h o c k w a s t h u s t h e l a s t t h i ng t h at f i s c al p l an n e r s w a n t e d g i v e n t h a t i t c o u l d t hr ow any con so lidat ion s tr ategy o ff c o u r s e T h r e e d a y s w o r t h o f r e v e nu e co l le cti o n a cr os s th e Bah am as w er e s hu t do wn as t h e co u nt r y pr ep a r e d f o r t h e s t o r m, a n d t h e du t y e x e m p t i o n s g r a n t e d t o h a r d h i t F a m i l y I s l a n d s w h i l e u n d e r s t a n d a b l e w i l l al s o r e d u c e t h e G o v e r n men t's col lectio ns. Th en t her e is th e ext ra expen ditur e r equir ed t o r epair d o ck s b r i d ge s r o ad s a i r p or t s an d o t h e r p u b l i c i n f r as t r u c t u r e n o t t o m e nt i o n g o ve r n m en t bu i l d in g s T h u s M o o d y s m o v e t o d o w n g r a de t h e Ba h am a s e co n om i c ou t look from stable to neg ative cou ld b e s e e n a s ad d i n g i n s u l t t o i n j u r y w h e r e t h e t i m i n g w a s c o n c e r n e d NE E D TO RE DU CE D E B T/ DE F ICI T IN CLIM A T E OF LIT TLE TO NO E CO NO MIC G RO W T H PU T S BAH AMAS IN DIL EM MA SEE page 8B "As much as we dance around it, Nassau is the centre of economic activity, and if what happened in the Family Islands happened to Nassau, it would have been significant from an economic standpoint. The recovery period is going to be considerably shorter than if New Providence had been impacted. It's kind of bitter and sweet, but I think we've dodged a serious bullet, and let's hope the rest of the sea son goes smoothly for New Providence." W inston Rolle
T HETRIBUNE SECTIONE FRIDAY, SEPTEMBER 2, 2011 $JHQWVt%URNHUVf/WG0$56+&RUUHVSRQGHQW INSIDE TRAK T T U U R R N N T T O O 2 2 E E . . . T T U U R R N N T T O O 3 3 E E . . . T T U U R R N N T T O O 4 4 E E . . . DEBBIE BARELY GETS INTO 200 FINAL MENS 4X4 RELAY TEAM FAILS TO QUALIFY FOR THE FINAL RA YMOND HIGGS DOES NOT QUALIFY FOR LONG JUMP FINAL US OPEN: SERENA, FEDERER EASE INTO THE NEXT ROUND IAAF WORLDS: US WINS THREE GOLD MEDALS IN HALF HOUR T T U U R R N N T T O O 7 7 E E . T T U U R R N N T T O O 8 8 E E . . . 13th IAAF World Championships Barry wins bronze for Bahamas first medal By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org DAEGU, South Korea From the brink of elimination in the preliminaries to a leap of acceleration in the final of the men's high jump, Trevor Barry can now add the IAAF World Championships bronze medal to his growing list of achievements. Yesterday, the 28-year-old leapt to a personal best (PB metres or 7-feet, 7 1/4-inches to ascend the medal podium today for the Bahamas first medal at the 13th IAAF World Championships in Athletics. It was also just the third medal in the event. In 1995, Troy Kemp paved the way with the gold in Gothenberg, Sweden, and DonaldT homas matched that feat in Osaka, J apan, in 2007. Thomas, who has been the king of the hill in the Bahamas since he emerged on the scene in 2007, was entered in the 13-man field after three lucky competitors, including Barry, got in based on their tiedp osition after the first 10 automatic ally qualified in the preliminaries. But Thomas never really got on track and was eliminated on three attempts at 2.25m (7-4 1/2 clearing just the opening height of 2.20m (7-2 1/2 But the event was Barry's to win or lose in both rounds and he chose the former. Like he did in the preliminaries when he had a clean sheet in his first four attempts until he missed all three at 2.31m (7-7 ry cleared his first two heights at 2.20m (7-2 1/27-4 1/2 before he passed at 2.29 (7-6 previous best. He then surged over 2.32m (7-7 1/4 temporary first-place lead. That was until American Jesse Williams and Russia's Aleksey Dmitrik both passed him when they both sailed over 2.35m (7-8 1/2 their first and second tries respectively for the gold and silver. Barry missed all three tries, but his progression was better than the remaining four competitors at that point to secure the bronze. "I just came off my personal best and I got a medal doing it, so I'm pleased and happy to win the first medal for the Bahamas here," he said. After watching Thomas bow out at 2.20m (7-2 1/4 knew that the pressure was on for him to step it up another notch. "I knew I was representing my country and I think I went out and did just that," he said. On the PB, which he achieved a number of times in practice, Barry said he simply "stayed focused and kept my composure. .32m (7-7 1/4 rier for me, but this year I have been able to overcome that now. There's no turning back for me right now." Although he won't get the medal until today, Barry said it hasnt sunk in yet that he is a World Champi onship medallist. "I'm just happy. This is the pinnacle of my career. I'm just happy to have the medal," he said. After talking online to his coach Keith Parker, who was unable to make the trip here after he got sick, Barry said he instructed him not to jump 2.29m (7-6 done it so many times this year. "That was the pivotal call," Barry said. "I want to thank him for all of his advice and his coaching." Barry, 28, said he's just looking forward to returning home some time next week to really celebrate the feat with his family. And although they are country men, Barry has finally gotten a big win over Thomas, who has beaten him in just about every senior interS S E E E E p p a a g g e e 4 4 E E By BRENT STUBBS Senior Sports Reporter email@example.com DAEGU, South Korea Call it a big "mistake" by the coaching staff to save the two "big guns" in the semifinal of the men's 4 x 400 metres, causing the Bahamas another major disappointment at the IAAF World Championships for the second consecutive year. After being disqualified in the semifinals at the last World Championships in Berlin, Germany, for running out of the exchange zone on the first leg, the team of Ramon Miller, Avard Moncur, Andrae Williams and LaToy Williams ran three minutes and 01.54 seconds that was only good enough for fourth place in the last of two heats and ninth overall yesterday, just missing out on a golden opportuni ty for the team to redeem them selves. Said head coach Fritz Grant: "We met with all of the young men who were in the pool and we had a set that we felt would have gotten us through to the final, considering that they were taking the top three and the fastest two losers," said Grant, who was assisted by Frank Pancho Rahming. "Based on how the athletes were performing in practice, how psyched up they were and how they wanted to compete, we decided to go with that team (mentioned above). "They were fresh, they were training and the times they were running in practice, they were good times and we felt that we wanted to rest two of our big horses so that we could come back fresh in the final. But in order to get to the final, you have to make the final and we were in good contention coming down the stretch, but we were unable to keep the position." WE EXPECTED MORE OUT OF THE FIN AL TWO LEGS Head coach Fritz Grant reflects on mens 4x400 r ela y team S S E E E E p p a a g g e e 3 3 E E GOING HARD: LaToy Williams of the Bahamas (far right crosses the finish line in a qualification round for the 4x400m relay Thursday. (AP BRONZE MEDALLIST Trevor Barry (centre with head coach Fritz Grant (left bronze in the high jump at the 13th IAAF World Championships.
SPORTS PAGE 2E, FRIDAY, SEPTEMBER 2, 2011 TRIBUNE SPORTS 13th IAAF World Championships By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org DAEGU, South Korea Mark this down as the first time in her senior international career that Debbie Ferguson-McKenzie found h erself on the bubble of making it through to the final of the women's 200 metres. In what has been an unpred ictable appearance so far for the Bahamas at the 13th IAAF World Championships, Ferguson-McKen zie had to wait for the last of three semifinal heats yesterday to deter m ine whether of not she will suit up for a lane in tonight's final. She had to battle from behind for a fourth place finish in heat twoi n 22.85 seconds. But at the end of t he round, she just barely made it in with the eighth and final spot. The veteran 35-year-old superstar was the only Bahamian of the three competitors entered who advanced. She will run out of lane one in the final. "It's the first time in years that this has happened to me," Fergu son-McKenzie said. "Wow, I'm in. I'm thankful. Before the results came in, I gave it a good effort, but not good enough as far as time. But at the end of the day, I was walking away saying 'keep my head up.' I've been trying to work hard to stay in the game, but my form is not as good as 2009, but I think for me that had to do with the fact that I didnt get a chance to run a lot of 4 x 4s this year. Normally, by now, I would have already ran 22.4s, 22.3s and I would have been in it to win it. But I'm thankful I made the final. So I'm thankful." Looking back at her race, Fer guson-McKenzie said in warm-ups she looked good and when she got on the track, she set it up pretty good. "But for some reason, I had some issue getting off the curve," she said. "Usually when they leave me off the curve, I try to catch up, but you can't do that in the 200. So I need to work on that before the final." Looking at the field, FergusonMcKenzie said if she wants to have a fighting chance to win a medal, she will have to go through the quartet of defending Jamaican champion and current 100 silver medallist Veronica CampbellBrown and Americans Carmelita Jeter (the 100 champion Felix (the 400 runner-up Shalonda Solomon. "I think I need a miracle," she said. "I have to step my game up and see what happens. Solomon, by the way, won Ferguson-McKenzie's heat in 22.46, followed by Jamaican Kerron Stewart in 22.77. In the first heat, Grand Bahami an Nivea Smith struggled out of the blocks and had to make up some ground on the straight away for sixth in 23.03. Jeter won the race in 22.47 with Jamaican Sherone Simpson trailing in 22.88. "It was better than the heats, but I guess it just wasn't my meet," said the Auburn University standout. On her start, Smith admitted that "it's something that I have to work on. But although I made up some ground (on the home stretch just wasnt good enough." Smith, 21, said it's a life lesson for her and she will have to go back to the drawing board and get ready for next years Olympic Games. The other Bahamian competing in the event was Anthonique Strachan. She ran in heat three and finished seventh in 23.85. The 18-yearold was never in the race. But like both Ferguson-McKenzie and Smith, Strachan tried to storm back on the home stretch but the field was already gone. Veronica Campbell-Brown and Allyson Felix battled it out to the line with the Jamaican establishing some territory going into the final with the victory in 22.53. Not too far behind was the American in 22.67. Ivet Lalova of Bulgaria got third in 23.03. While Ferguson-McKenzie lived to compete in the final as the seventh fastest qualifier, Smith ended up with a No. 15 ranking. Strachan was 23rd. She declined to speak to the media after her performance. DEBBIE B AREL Y GETS INTO 200 FINAL ON THE RUN: Debbie Ferguson-McKenzie (far right competes with Shalonda Solomon of the US (center and Russia's Elizabeta Savlinis in the 200m semifinal at the World Athletics Championships in Daegu, South Korea, on Thursday, September 1, 2011. (AP Photos INTO FINAL: Shalonda Solomon of the US (right looks up at the timing board after placing first in a 200m semifinal ahead of Bahamas Debbie Ferguson-McKenzie.
SPORTS TRIBUNE SPORTS FRIDAY, SEPTEMBER 2, 2011, PAGE 3E 13th IAAF World Championships By BRENT STUBBS Senior Sports Reporter email@example.com DAEGU, South Korea Shocked. Surprised. Stunned. Unbelievable. Disappointing. Those were just some of the thoughts that came to mind after w atching the heart-wrenching and m outhdropping performance of t he men's 4 x 400 metre relay at the 13th IAAF World Championships yesterday. The time posted up on the scoreboard for the combo of Ramon Miller, Avard Moncur, Andrae Williams and LaToy Williams was three minutes and 1.54 seconds. (3:01.54 book a lane in the final tonight. No season's best or personal best posted behind the Bahamas' name as they finished a disappointing f ourth in the last of two heats in the semifinal that has been pushed up two days to accommodate the anticipated repeat of the Usain Bolt-led Jamaican mania as a result of the 2008 Olympic Games. Was it the best team that the coaching staff could have assem bled, considering that both nation al champion Demetrius Pinder and vintage Chris 'Fireman' Brown had two days from their surprising and stunning exit from the semifinal of the 400? No doubt, it now must be an even bigger shocker for Brown, who will leave these championships without a medal after falling short in the 400, a race in hindsight that he probably felt he "coulda, shoulda" run faster to qualify. Truth be told, the quartet assem bled just simply didn't run fast enough to give him a chance or the coaching staff didn't put the right combo out there in the first place. The team that did didn't get the job done, falling one spot shy of redeeming themselves from the dis qualification in the 2009 championships in Berlin, Germany. Plain and simple. Enough said. "No comments," was what Miller had to say as he was the first to take the long and painful walk through the tunnel in the mixed zone. He even declined to speak to the local media. However Moncur, who had a chance to give up the ghost that haunted him in Berlin where he unconsciously stepped out of the exchange zone before he got the baton which resulted in the disqualification of the team that included LaToy Williams and Nathaniel McKinney, was the first to clearly describe himself. "We got a little behind, got stuck in traffic," said Moncur. "Can we talk later? I just find it very difficult to speak right now. Very disap pointed right now. We went out there and tried to execute. Unfor tunately, the other teams were better today. It's very unfortunate because we really were hoping to come out with a top medal. Unfor tunately, it didn't happen today." Moncur would have gotten the baton first from Miller running out of lane eight. But cutting in on the stagger at the 300 mark, Moncur slipped into second. The team had to work between second through fourth the rest of the race. Grand Bahamian Andrae Williams, who got the baton from Moncur in third and passed it off in that same position to LaToy Williams, had to take some time to compose himself before he finally broke his silence. "It's unfortunate that we didn't get into the final," he stated. "I don't know. This is one of those situations that you really can't explain. I dont know what to say. I know I gave it my best. I don't know what position I was in. My head is just blank right now." Despite not getting a chance to get back to the podium after winning a medal in 2001 in Edmonton, Canada, with the gold to silver in Osaka, Japan, in 2007, Williams said they still have to give thanks to God for the time when the team rode on the glory train. "It didn't go our way, but we have to be sober and always give thanks to God because at the end of the day, we should still give him praise in spite of what is going on. Some people might not want to hear that. But we have to stay focused and bounce back. But it is a disappointing performance." Per for mance As for Latoy Williams, he was very vocal about his assessment of the team's performance. "It wasn't what we expected. The guys weren't as fast today," he said. "We were ready, but pretty much in the 4 x 4 relay, if you're not in front after the second leg, it's hard to catch up. Pretty much everyone is splitting the same thing as you. "So all I could do is pretty much depend on them to give me the baton in a good place, which I did. I got it in fourth and I tried to get out. I went out really hard. I got us in second on the back stretch. I guess what you give to the track, you can't take it back. I went out too hard. I guess that's how the cookie crumbled." In putting the final pieces togeth er, Williams faded down the home stretch as both Russia and Kenya's final legs propelled past him to clinch the remaining two spots behind Belgium, who ran the dynamic twin brothers Jonathan and Kevin Borlee on the second and anchor leg for the victory in a seasons best (SB The Borlees were used, despite Kevin clinching the bronze and Jonathan settling for fifth in the 400 final. Russia also posted a SB of 3:00.81 for second and Kenya got third in 3:00.97 for the automatic qualifying spots. The Bahamas was left out of the picture after the first heat led by the US with 400 runner-up LaShawn Merritt on anchor pulling everybody else through. Jamaica, resting 400 fourth place finisher Jermaine Gonzales, taking second in a SB of 2:59.13. South Africa, with double amputee leg runner Oscar Pistorius on lead off, got the third automatic spot in 2:59.21, a national record. The two fastest losers also came out of heat one as their season's best times pushed the Bahamas out of contention. Great Britain was fourth in 3:00.38 and Germany was fifth in 3:00.68. The Bahamas, France (seventh in the heat in 3:03.68) and Trinidad & Tobago (sixth in heat one in 3:02.47) were the only three countries out of the field of 16 that did n't improve on its season's best. The Bahamas came into the championships having done a SB of 3:01.33 with the combo of LaToy Williams, Moncur, Michael Math ieu and Miller winning the gold at the Senior Central American and Caribbean Championships in Mexico in July. Mathieu, still waiting to get on the track, was taken out of the relay pool as he is entered in the 200, which starts today with the heats and semifinals, the same day as the final of the relay. WE EXPECTED MORE OUT OF THE FINAL TWO LEGS After watching just about all of their opponents com ing at full blast with just about all of their top athletes, Grant said it was too late to make any changes. "The team that we had, we felt they were capable of qualifying, but they just did n't respond to the challenge," he said. "What I saw coming from the other competitors during the race, we still felt that we could have gotten through. The first two legs we thought were pretty good, but we expected more out of the final two legs and that didn't happen." With all of the eight finalists the United States, Jamaica, Russia, Belgium, Kenya, Germany, Great Britain and South Africa qualifying with either a national record or season's best (US ran the world lead ing time), Grant said the Bahamas' chances were pretty much gone after the team didn't even come close to their gold medal performance at the Central American and Caribbean Championships in July. "We had a meeting with them afterwards and I think it's going to be very positive from here after," he said. "The Olympics is next year, so we have to do some things, one of which I think would have helped us more would have been to have a camp where we could really work with the quarter-milers, making sure that they were in a position where they would have been ready to run by having a few more meets and time trials to improve their sharpness. "But the guys are holding their heads up. We are now focusing forward. This is history. There is nothing that we could do about it. It is something that we really know that we can't take anything for granted. We have to go with our big guns. Everybody has to be ready for battle. We fell short, but we will bounce back bigger, better and stronger in 2012 for the Olympics." MENS 4 X 4OO RELAY TEAM FAILS TO QUALIFY FOR FINAL BATON CHANGE: Andrae Williams of the Bahamas (far right waits to get the baton from fellow countryman Avard Moncur (far right top in a qualification round for the 4x400m relay at the World Athletics Championships in Daegu, South Korea, on Thursday, September 1, 2011. (AP F F R R O O M M p p a a g g e e 1 1 E E ANDRAE WILLIAMS can be seen following the 4x400 relay qualification in the 13th IAAF Worlds in Daegu, South Korea. The team of Ramon Miller, Avard Moncur, Williams and LaToy Williams ran 3.01.54 seconds that was only good enough for fourth place in the last of two heats and ninth overall yesterday.
SPORTS PAGE 4E, FRIDAY, SEPTEMBER 2, 2011 TRIBUNE SPORTS 13th IAAF World Championships By BRENT STUBBS S enior Sports Reporter firstname.lastname@example.org DAEGU, South Korea It was his first appearance in a major inter national meet at the senior level and, although it wasn't his specialty, Raymond Higgs said it was quite al earning experience that he feels will propel him to greater heights in the future. The first Bahamian to compete on the field yesterday at the IAAF World Championships in Athletics after a one-day break Wednesday, he was 12th in Group B of the men's long jump. His one and only leap of 7.72 metres or 25-feet, 4inches was good enough to place him 25th out of a field of 35 competitors, three of whom didn't record a mark. Higgs, the 20-year-old Grand Bahamian who prefers to compete in the high jump, also came close to joining them after he christened his first Worlds leap with a scratch. Having gotten over the jitter-bug, he settled down to pop his legal mark. But with the pressure on for him to produce his personal best that equalled the automatic qualifying mark of 8.15m (26-9 one of the top 12, Higgs was overwhelmed by it all and he scratched again. "It was a good learning experience," he said. "I just have to learn from my mistakes and improve on it in the future competitions." Before competing here at the biggest stage in the sport, Higgs completed his junior campaign by turning in an 11th place finish in the final of the long jump at the 13th IAAF World Junior Champi onships in 2010 in Moncton, Canada, where he also doubled up with a 15th place feat in the qualifying round of the high jump. The winner of the BAAA National championship title in his hometown of Grand Bahama in July said after getting the first scratch here, the only thing on his mind was making sure he corrected his mistakes to at least get one good marker on the chart. "The last jump, it was like a metre or a scratch, but that's just how it works sometimes," he stated. "Next time, I just have to get my run up right." Although he admitted that he has been jumping consistently in train ing at the Games Village facility since he arrived here with the team on August 22, what he got in theo ry from the competition was that "practice is different from when you are out there with 40 people. Either you get it or you don't," he added. For him, it was a lesson well learned. The top qualifier out of Higgs' flight was Ngonidzashe Makusha of Zimbabwe with a distance of 8.11m on his third and final attempt, the same mark posted by Sebastian Byer of Great Britain on his first and only leap. Defending champion American Dwight Philips had the best performance of the day when he landed a season's best of 8.32m (27-3 3/4 lead the qualifiers in Group A. Itchell Watt of Australia matched the qualifying mark of 26-9 on his second attempt. The 12th and final qualifier was Christian Tomlinson of Great Britain with 8.02m (26-3 3/4 Group A as well. The final qualifier out of Group B was Luvo Manyonga of the Repub lic of South Africa with 8.04m (26-4 1/2). LONG JUMP: RAYMOND 25TH OUT OF 35; DOESNT QUALIFY FOR THE FINAL IN FLIGHT: Raymond Higgs competes in the long jump in this file photo. RAYMOND HIGGS in Daegu. national meet that they competed in, includ ing the Senior Central American and Caribbean Games and the Commonwealth Games last year. Thomas also won the national title for the past two years over Barry. "This is the championships and you have to put your best foot forward," said Barry, who alluded to the unfortunate disappointing performance from the quarter-milers in the 400 and the 4 x 400 relay. The only disappointment that Barry experienced was the fact that he didn't have a flag at the end of the competition to celebrate with Williams and Dmitrik as they took part in a reduced victory lap before going through the mixed zone where they were interviewed and had to participate in a press conference. At the press conference, Williams had nothing but high marks for Barry. "I thought it was awesome. I've been jumping against Trevor for the past few years now and he's sneaked into the final and he stepped it up big time," Williams noted. "He's a fighter and I really respect that. So I'm really glad that he was able to get on the victory stand." For his bronze-medal feat, Barry will collect a $20,000 cheque from the IAAF. Although he made the final, Donald Thomas won't receive anything as the pay list stops at eighth place, which earns $4,000. The Bahamas Government provides incentives for athletes who make the Olympics or World Championships and win a medal at both. Minister of Youth, Sports and Culture Charles Maynard was not available to disclose just how much will be paid out. TREV OR B ARRY WINS BRONZE FOR BAHAMAS FIRST MEDAL F F R R O O M M p p a a g g e e 1 1 E E DONALD THOMAS competes in the high jump at the 13th IAAF World Championships in Daegu, South Korea. He was eliminated on three attempts at 2.25m (7-4 1/27-2 1/2 P h o t o c o u r t e s y o f G e t t y I m a g e s
By BRENT STUBBS Senior Sports Reporter email@example.com DAEGU, South Korea Head coach Fritz Grant said Trevor Barr y's bronze medal in the men's high j ump at the 13th IAAF World C hampionships was simply outstanding. "If you followed Trevor closely from India at the Commonwealth Games, he was jumping extremely well and he was very consistent and focused and he had good preparat ion," Grant said. "He was very tough today. His approach was good a nd he was clearing the bar very well. He was just in a zone that I never saw him compete before." He needed a personal best (PB of 2.32 metres, but his progression of jumps was what made the difference as Barry was able to out-dual four other competitors on fewer knockdowns at the same height to secure the bronze. The gold wentto American Jesse Williams, who had another tough battle with Russ ian Aleksey Dmitrik. They both finished at 2.35m, but like Barry, Williams had less knock downs than Dmitrik. "He responded to the challenge," said Grant, looking at Barry's pro gression through the rounds. "He cleared just about every possession on his first height." At one point, Barry actually led t he competition after successfully clearing the first two heights at 2.20m and 2.25m. He passed at 2.29m and came back and continued his impressive leap to keep his score sheet clean at 2.32. But after producing his PR, Barry and the other four competitors all failed toc lear 2.32. His progression was just that much better than the others. "It was just a great performance by Trevor," Grant said. Team manager Ralf McKinney said it was a good achievement that was well overdue. "Trevor has been at the door knocking for a while and this is what we have been looking forward to," McKinney said. "I know his coach Keith Parker wanted to be here. He would have been here. He bought his ticket and got his housing to be here with Trevor. I was communicating with him by e-mail and he sent the stuff that he wanted Trevor to do and I passed it on to him. It couldn't have happened to a nicer guy." In the absence of Parker who came down with a bad fever, Ronald Cartwright, the field coach on the team, filled in. He too can claim some of the fame, having provided the hands on instructions to Thomas during the competition. But nobody on the team was more thrilled by the feat than Barry's long-time friend and training partner, sprinter Adrian Griffith. "Me and Trevor been through a lot from high school and college," said Griffith, who has since gotten over his first round disqualification in the men's 100 metres because of a false start on the first day of competition. "We bond together and we came from so far. So I had to be out here to watch him perform. The last thing I told him was that he was going out there to get a medal and a PB (personal best happy and excited for him when he cleared it. I think I was more excited than him. It was a great thing and I'm really excited for him." Athletic Bahamas Association of Athletic Associations president Mike Sands put another perspective on the performance. "It's a saving grace at this point," he said. "We had some unfortunate circumstances where we expecteda better showing and that didn't happen. So we are very, very happy for Trevor. First of all, he did his personal best. But what more could you ask for when an athlete does his personal best. In the process, he got a medal, so I'm very happy for Trevor." Despite the fact that the Bahamas had a few disappointments in events like the men's 400 and 4 x 400 relay by not getting a spot in the final, Sands said he's not one to strive on predictions. "I'm one of those who say who ever it is, I just want them to go out there and if they qualify, then they have given their best and we have to be satisfied," Sands stated. "When you look at the overall performances, unfortunately, persons were not up to the mark. The results will show that not all of the athletes did their personal or seasons best, he added. But in the winding days left in the competition, Sands said he's still confident of some great performances with Debbie FergusonMcKenzie in the women's 200 final, Leevan 'Superman' Sands in the men's triple jump, Michael Mathieu in the men's 200 and the wom en's 4 x 100 relay team. After Barry's performance, the Bahamas is now tied with Belgium, Spain, Islamic Republic of Iran, Latvia, South Africa, St Kitts and Nevis, Slovenia and Trinidad & Tobago for 26th place on the medal chart all with one bronze. However, everybody except for Belgium and South Africa are tied for 30th in the placing table. HE WAS JUST IN A ZONE THAT I NEVER SAW HIM COMPETE BEFORE SPORTS TRIBUNE SPORTS FRIDAY, SEPTEMBER 2, 2011, PAGE 5E 13th IAAF World Championships Head coach Fritz Grant says Trevor Barrs bronzemedal feat in high jump was simply outstanding By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org DAEGU, South Korea Select a meet any meet and the ticket is all booked for Trevor Barry. That's one of the peaks that will come for Barry as the new IAAF World Championships high jump bronze medallist, according to John Regis. Now retired as one of England's greatest sprinters, Regis now serves as an agent for athletes competing in athletics. Fortunately, he has been retained by Barry to perform such duties as securing his berth in the various international meets around the world. "I always felt Trevor was a talented individual and he showed some guts," said Regis as he came into the mixed zone at the Daegu Stadium to congratulate his client. "He missed 2.29 (7-feet, 6-inches and jumped 2.32m (7-7 1/4 personal best and to get a medal, which I thought was just an out standing performance." Regis said the performance will now enable the 28-year-old Barry to travel the world and compete in any meet that he would like to earn some big bucks. "In terms of an athlete, that gives him massive confidence because he knows he can compete with the best in the world and be up there with them," Regis said. "It also will allow him to get into Double League meets, World Challenge meets rather easy now because he is a world championship medallist. It shows the rest of the world that Trevor Barry is a name to reckon with as a world-class performer." More importantly, Regis said Barry just showed the world that "he belongs there, he has the talent, he is good enough and there is still a lot more to come." Once he sits down with Barry before he leaves Daegu, Regis said they will look at the remainder of the season this year and decide where he wants to jump. "Wherever he decides we will go," he said. "We will put some stuff together, but you will see him the remainder of this season in about two or three meets going out there and trying to jump high, but basically trying to jump high to be consistently with the best boys in the world." Barry, by the way, is Regis' only client from the Bahamas. But he noted that because of Barry's work ethic and his desire to be the best, he will be looking at taking in a few more Bahamians under his wings. For now, he's going to bask with Barry in his glory as the new World Championships bronze medallist. IT SHOWS THE WORLD THAT TREVOR BARRY IS A NAME T O RECKON WITH AS A WORLD-CLASS PERFORMER ON THE RISE: Trevor Barry (right with former sprinter John Regis after Barry won the bronze in the high jump at the 13th IAAF World Championships. GETTIN UP: Trevor Barry competes in the high jump at the 13th IAAF World Championships in Daegu, South Korea. He won the bronze. P h o t o c o u r t e s y o f G e t t y I m a g e s