N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Volume: 107 No.231MONDAY, SEPTEMBER 5, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER CLOUDS ANDSUN HIGH 90F LOW 80F By AVA TURNQUEST T ribune Staff Reporter a email@example.com TWO armed robbers who s hot at police in a bid to evade capture are now under guard at hospital. Officers wounded and a rrested the two after they robbed a Pinewood Gardens resident. The men aged 18 and 22 were last night in stable condition, according to police, who yesterday sent out a strong warning to would-be criminals. Superintendent Theophilus Cunningham, in charge of the Southeastern division, said: We would like to send a clear message to the would-be criminals and suspects that if you intend to commit a crime, and you are caught, you are going to have to spend the time. The shooting incident occurred in the area of Sapodilla Boulevard shortly before 7pm Saturday. According to reports, the victim was approached by two armed men who demanded cash while he wasw alking through Cottonw ood Street. The attackers both of whom were armed with handguns robbed the man of his jewellery and cash before they fled the area on foot. Supt Cunningham said: We received some infor m ation regarding an armed robbery taking place in the Pinewood area. Officers immediately proceeded to the scene and they were able to discover two suspects run ning from the area of the robbery. Officers immediately proceeded behind them, and the suspects opened fire. The officers returned fire, resulting in the two suspects being shot. Following the confrontation, police recovered a handgun, ammunition, and stolen items from the sus Two men under guar d at hospital TRY OUR McFLURRY SNICKERS The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM Armed robbers shot by police DENGUEFEVEROUTBREAK T T H H I I R R D D W W O O R R L L D D R R E E S S P P O O N N S S E E IAAFWORLDCHAMPIONSHIPS A A N N T T H H O O N N I I Q Q U U E E T T R R I I P P S S I I N N 4 4 X X 1 1 0 0 0 0 M M SEEINSIGHTONPAGE12B SEESPORTSSECTIONE SEE page 12 INMATESWORKONSTUDENTS HAIR FOR THE NEW SCHOOL YEAR By AVA TURNQUEST a nd CELESTE NIXON Tribune Staff Reporters THE PLP hit out at the government yesterday for what they claim to be the cancellation and subsequent r ebranding of their schoolb ased policing initiative. T he programmes absence in schools affected direc onsequences, according to t he PLP, who welcomed the assignment of liaison officers to junior and seniorh igh schools as better late PLP HITS OUT OVER RE-BRANDING OF SCHOOL-BASED POLICING INITIATIVE SEE page 12 A STUDENT has her hair styled ahead of the new school year at the Hair Trim and Braid Day initiative. T he event, held at Her Majestys Prisons Security Centre, allows inmates to give back to the community by working on the hair of studentsf rom the Eastern area. See more back-to-school news on pages 15 and 16. By MEGAN REYNOLDS Tribune Staff Reporter on Cat Island firstname.lastname@example.org PEOPLE swarm the port in Smiths Bay as the first shipment of post-hurri cane relief supplies is off-loaded more than a week after Irene hit. There is confusion at the dock, as pallets are stacked and people amble around with pieces of paper detailing their expected deliveries, unsure who is in charge of disMORETHANONEWEEKAFTERIRENE HURRICANE RELIEF REA CHES C A T ISLAND SEE page two FORMER Tourism Minister Obie Wilch combe hit out at claims that he had no impact on the implementation of the Western Hemisphere Travel Initiative (WHTI calling it "spin" from offended officials at the US Embassy. By TANEKA THOMPSON Deputy Chief Reporter email@example.com ACTIVIST Rodney Moncur has launched his campaign to become the Democratic National Alliance's rep resentative in the Bain and Grants Town area, despite no official word from the party that he had secured a nomination. ACTIVIST SEEKS DNAS B AIN AND GRANT S TOWN NOMINATION SEE page 10 SEE page 10 FORMER MINISTER HITS OUT AT SPIN FROM USEMBASSY RESPONSE TO WIKILEAKS RELEASE OBIE WILCHCOMBE T I M C L A R K E / T R I B U N E S T A F F
tribution. But they will, and do, wait all day to claim their goods, and it seems a small sacrifice for people who have lived without electricity for more than a week, under damaged roofs that offer little protection from falling rain. Prime Minister Hubert Ingraham said 47 utility poles had fallen in the south end of Cat Island, and Captain Stephen Russell, director of the National Emergency Management Agency (NEMA they will all have to be replaced before electricity is restored. Rough weather prevented supplies from being shipped to residents in the south end of Cat Island before Friday, when the Sea Spirit II pulled in. The only supplies that had b een made available to resi dents are through individual efforts, such as those by Chris and Lisa Illing, of the Green wood Beach Resort in Port Howe, and the PGA village, which brought in a plane-load of supplies last week, and was due to ship more donations from the United States over the weekend. The PGA development has donated generators to people most in need, such as the man in Bain Town who has been cooking for the whole community, and helped people fix tarpaulins to damaged roofs. The resorts trucks and machinery were used to clear roads from fallen trees and utility poles, to make them passable, and staff have been dis tributing water to people in the most remote settlements. Were doing what we can, and that's what you have to do, said Rusty, of the Cat Island Beach and Golf Resort. The locals need help. The group have also sent out their generators to people in the community who needed them most, including a man in Bain Town who has been cooking for the community since the storm. Cat Island MP Philip Brave Davis, from Old Bight, Cat Island, praised the initiative of locals and foreign residents to help one another, but said he was disappointed at the delay in NEMAs relief efforts and apparent lack of organisation for distribution of supplies at the dock on Friday. It was the PLP chairmans second visit to the southern end of the island for the second time since the hurricane, and he was joined by Senator Hope Strachan, PLP candidate for Sea Breeze, South Beach candidate Cleola Hamilton, and Senator Michael Halkitis, who spent his childhood in Old Bight. I am rather taken aback by the slow response to the urgent needs of the people of Cat Island, and I trust that more urgency is brought to bear in recovery efforts here, Mr Davis said. Someone has to be able to explain the reason for the late response to the emergency that we knew was going to happen and happened as it did. Henry Rolle, 75, a farmer and fisherman of McQueens, said the hurricane was the worst he had ever seen. He lost all of his crops, including corn and watermelon, and his 16ft fishing boat broke in half, he said. Man it was so terrible in the h urricane, I never seen a storm like that before, Mr Rolle said. Pigeon Cay resident Jan Kessinger, who has lived in Cat Island for 11 years, said: The walls were shaking pictures were falling off the walls it sounded like rocks hitting the roof, said We had a 20ft surge, we had water in the house. All around it was completely flooded. "I don't have radio recep tion, my cable is out; my cell phone doesn't work, my phone doesn't work. But nobody got hurt, that's all that matters." Esther Gray, proprietor of Esthers Place, in Devils Point, was alone in her house as half of the roof was torn off by hur ricane Irene, and water poured in, destroying everything inside. I lost my bed, my furniture, everything, she said. But Im living, thats the important part. Ms Gray said Irene was by far the worst hurricane she has lived through, and she has only recovered with help from her brothers, who secured a tar paulin on her roof, and by sleeping on a cot in the dry cor ner of her house. Across the street and on top of the hill, Florabell Ramseys house collapsed. The 70-year-old resident, who has lived there for over 40 years, was visiting Nassau when the storm hit, and has not yet seen the total devastation. It was a little frightening, said Freda Major, who watched Ms Ramseys house collapse from her own house, where she sheltered with her children. Ms Ramseys home was not the only one destroyed in the hurricane, as others lost their roofs and the Rainbow House in Greenwood, looks like somebody smashed it, said Andrew Jones, of Devils Point. He said the lack of power is the greatest challenge, and he is concerned about the multiple pools of standing water, pro ducing swarms of mosquitoes LOCAL NEWS PAGE 2, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE S EA SPIRIT II i s the first ship to arrive with relief supplies for people in southern Cat Island. P LP MP f or Cat Island Brave Davis meets old friends on a visit to his grief-stricken constituency. VOLUNTEERS distribute water in Old Bight. SEE page 16 HENRY ROLLE and his wife R osabell at their home in McQueen's. Mr Rolle, a farmer and fisherman of McQueens, said the hurricanew as the worst he had ever s een. FROM page one HURRICANE RELIEF REACHES CAT ISLAND
B y NATARIO McKENZIE T ribune Staff Reporter n firstname.lastname@example.org AFTER losing most of their citrus produce due to Hurricane Irene, farmers on Long Island are now looking to their vegetable crops t o make a profit. We dont have a value on the crops but all the crops have been destroyed. All of what farmers used to bring in on a weekly basis, the p apayas and bananas have b een destroyed, said Maurice Minnis, packing house m anager for Long Island. All of the fruit trees were b asically on the ground after the storm passed. Seventyfive per cent of the mango trees have been uprooted. Farmers right now are clean ing up their farms. The onlyt hing they can do is move i nto the vegetable season to see if they can make some c ash. L ong island councillor Ian K nowles said efforts to dispose of debris along the roadways was nearly complete. Mr Knowles said utilities had been restored on the island. Water has been r estored, pretty much after BEC turned the power on. "In our area water never r eally went off, in the night t hey turned off water to cons erve. Phones are up, its just that some lines that were d own from the hurricane. Some cables were damaged but we have phone ser vice from end to end. Roads are cleared, the debris thatw as pushed to the side of the road are being moved and placed on the back of dump trucks taking them to thed umpsite. That is almost complete. Things are getting back t o normal. By Monday or T uesday that whole thing should complete. LOCAL NEWS T HE TRIBUNE MONDAY, SEPTEMBER 5, 2011, PAGE 5 By DENISE MAYCOCK Tribune Freeport Reporter email@example.com F REEPORT A Grand Bahama businesswoman, w ho is believed to have left the island, is being sought by police allegedly for stealing by reason of employment. Police have issued a wanted poster of Eunice Morris, operator and owner of Morris Travel, Freeport. Several complaints were filed a month ago with police against the local travel agent. A ccording to police, three complaints were made i n July against Morris who is alleged to have coll ected some $60,000 for payment of a vacation cruise for three large groups of people. It was later discovered that the funds were never paid to the cruise line on their behalf. Police have been searching for Morris since July f or questioning in the matter. A ccording to an all points bulletin issued on Friday b y police, Morris, 47, is of slim built. She has mediu m brown complexion, dark brown eyes, and long b lack hair. Anyone with information concerning her whereabouts is asked to contact police at 350-3106/7/8 EUNICE MORRIS BUSINESSWOMAN SOUGHT BY POLICE IN CONNECTION WITH STEALING ALLEGATION LONG ISLAND FARMERS LOOK TO VEGETABLE CROPS AFTER IRENE
T HE Pan-American H ealth Organisation ( PAHO) has launched an international appeal to help 220,000 people affected byH urricane Irene. This appeal aims to reduce the public health impact of Hurricane Irene locally and in the Turks and Caicos, and raise $400,000, said a release on PAHO'sw ebsite. T he group said the storm passed over the country in the middle of a "ragingd engue epidemic" and impeded efforts to combat the spread of the mosquitoborne fever. The capacity to conduct d isease surveillance and outbreak management was already overstretched due to a lack of human resourcesa nd vector control activities s uch as fogging are limited a s proper equipment and experts are needed," said PAHO. The group said 15 of 69 h ealth facilities in the count ry have reported damage, some of them severe destruction. To date, communications could not be restored with at least 10 facilities. "According to the health a uthorities, the disruption in primary health care due to the loss of communication and the suspension of activities is a factor that needs to be recovered and reinforced, especially in vulnerable com m unities," said PAHO. T he organisation said that l ocally and in the Turk and Caicos, there are many vulnerable communities most l y made up of Haitians with poor housing infrastructure, no indoor plumb ing, no running water and crowded living conditions highlighting the need for aid. According to PAHO, the S panish Agency for Intern ational Development Cooperation has already released $80,000 to help theB ahamas. Meanwhile, a plane-load of relief supplies was donated from concerned citizensf rom Georgia to help those affected by Hurricane Irene, according to international reports. T he goods are meant for residents of Eleuthera, many of whom were left without power, running water orp hone services after Irene ripped through the country last week. Mission Change, a charity b ased out of Albany, organised the relief effort. T he group collected tarps a nd rope to temporarily s ecure damaged roofs, a generator and money to buy building supplies. They are part of our community, no matter where we're at and we love them and if there is a need, we're going to rise to that need and that challenge and make sure they are takenc are of, said Ladonna U rick, of Mission Change, according to FOX 31. People came from R oswell, Georgia, which was absolutely incredible. We've had people from Cleveland, Ohio, that have sent thingsa nd we've had people from Albany, Georgia send things and people that have just heard about the need, shea dded. Last week, Prime Minis ter Hubert Ingraham signed an order allowing for dutye xemptions goods necessary for the relief of residents and the agricultural and fisheries industries in various islandss uffering hardship as a result of Hurricane Irene. The order allows the waiv er of duties on the importation of building materials, electrical and plumbing fixtures and materials, household furniture, furnishing a nd appliances for residentts o f Long Cay, Mayaguana, R um Cay, San Salvador, Inagua, Ragged Island, Acklins and Crooked Island. E ligible residents of Cat Island and Acklins, the hardest hit islands, will recieve exemption for six months. The other islands can apply for duty exemption fort hree months, effective from S eptember 1. Goods that will qualify for duty exemption are: build-i ng materials, electrical fixtures and materials, plumbing fixtures and materials household furniture, fur n ishing and appliances, supplies for the reconstruction and repair to greenhouses, supplies for the reconstruc-t ion and repair to poultry houses, supplies for the reconstruction and repair of irrigation systems. O ther items include nurs ery stock for the re-estab lishment of fruit orchards; items required for fencing;g alvanised sheeting and other materials used in the con struction of fishing habitats; fishing boats; fishing gear and apparatus. Motor vehicles; motor cycles and golf carts are also listed on the exigency order. LOCAL NEWS PAGE 6, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE 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] 6&+('8/($(59,&(2'$ LQIR#PVLEDKDPDVFRP 7 $,5&21',7,21,1* (/(&75,&$/ %/'*$,17(1$1&( SUPERINTENDENT of Prisons Dr Elliston Rahm ing, Director of Security ( second from left), ASP S tevenson Smith (far left and Chairman of the Staff Welfare and Dependent Fund ASP Dennis Gilbert (far right the many recipients witht heir cheques that will assist them in purchasing much needed school supplies for the upcoming year. The recipients were D ion D Bowles and Sandra Pratt. HER MAJESTY PRISON DEPENDENT FUND GIVES BACK PAHO CALLS FOR ASSISTANCE FOR BAHAMAS, TURK AND CAICOS AFTER IRENE APPEAL AIMS TO REDUCE PUBLIC HEALTH IMPACT OF HURRICANE AND RAISE $400,000 T T h h e e c c a a p p a a c c i i t t y y t t o o c c o o n n d d u u c c t t d d i i s s e e a a s s e e s s u u r r v v e e i i l l l l a a n n c c e e a a n n d d o o u u t t b b r r e e a a k k m m a a n n a a g g e e m m e e n n t t w w a a s s a a l l r r e e a a d d y y o o v v e e r r s s t t r r e e t t c c h h e e d d d d u u e e t t o o a a l l a a c c k k o o f f h h u u m m a a n n r r e e s s o o u u r r c c e e s s a a n n d d v v e e c c t t o o r r c c o o n n t t r r o o l l a a c c t t i i v v i i t t i i e e s s s s u u c c h h a a s s f f o o g g g g i i n n g g a a r r e e l l i i m m i i t t e e d d a a s s p p r r o o p p e e r r e e q q u u i i p p m m e e n n t t a a n n d d e e x x p p e e r r t t s s a a r r e e n n e e e e d d e e d d . Pan-American Health Organisation
LOCAL NEWS PAGE 8, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE COMMONWEALTH BANKrecently reported their earnings for the first half of 2011. Executive Chairman William B Sands, Jr announced that the Banks Comprehensive Net Income for the six-month period ending June 30, 2011 increased by 11.4% to $28.8 million, exceeding the same period in 2010. Total assets at June 30, 2011 were $1.45 billion, a 3% growth over June 30, 2010s total assets of $1.41 billion. Our results for the sec ond quarter validate our business strategy and demonstrate the hard work by all our staff members across the bank in pursuit of that strategy. In the context of the present economic challenges, the results of the second quarter of 2011 rep resent a significant achievement for Commonwealth Bank. said Executive Chairman William B Sands, Jr. The banks increased earnings were primarily associated with improvements in credit quality. Loan impairment expenses have declined by $1.7 million for the period. This was driven by a reduction in non-performing loans, which closed the quarter at 3.1% of the portfolio compared to 3.3% at the end of the first quarter of 2011. The Executive Chairman continued Earnings per share showed a healthy improvement over 2010 as return on common shareholders equity increased by almost 13% to 26 cents per share, as did Return on Assets at 3.6% for the sec ond quarter compared to 3.3% in 2010, an improvement of over 9%. We anticipate further challenges ahead but we are pleased with the steady improvement in the banks performance in 2011. By DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org FREEPORT: Although t eachers were commended for successes achieved in education on Grand Bahama, Education Minister Desmond Bannister says there is still need for improvement in the areas of l iteracy and numeracy. M r Bannister called on teachers to renew their comm itment to the teaching profession so that students achieve better results in t hose areas. Despite our successful e fforts to socialise students a nd give them a well-bala nced education, we are still n ot quite where we should be in the area of literacy and numeracy, he said at the annual Teachers Enrichment Day at Jack Hayward H igh. If we are to achieve signific ant improvement in these areas, then national exams and national development depends heavily on what you do in your classrooms. It is time for you to be collective in this mission to a chieve success in literacy and numeracy, Mr Bannister u rged teachers. Students The Minister said teachers must encourage their stu dents to think critically and acquire critical comprehension and application skills. He noted that a major challenge confronting educators is finding creative ways to inspire their students to read. The problem that compounds the problem that we have is that children in our community do not see their parents, or persons in their community do not see their p arents, or persons in their community, and even their t eachers, reading sufficiently, Mr Bannister said. The Minister also said teachers have to get involved in discussions about the national exam results. He stated teachers have been too silent on the so-called debatea bout the D average. Mr Bannister urged educators to let their voices be heard in the debate because of the important role theyp lay in national development. Teachers in the public school system attend Teachers Enrichment Day which is held every year to motivate them as they return to the classroom. M ary Cooper, assistant director of education, said Mr B annister gave teachers a lot of encouragement. We want to motive them to go in the classrooms and do an even better job than last year. We know teachers doe xcellent job, but each year you want to motive them to do a little bit more, said Ms Cooper. R ESIDENTS and visitors to Hope Town, Abaco, will benefit from the$ 101,834.27 contract awarded to Abaco Rock Limited to construct concrete roads. The contract signifies the Governm ents commitment to upgrading the public infrastructure throughout the Bahamas, Minister of Public Works andT ransport Neko Grant said during the contract signing ceremony. In advancing this project, a pre-quali fication tender exercise was undertaken for these works in which three Aba-c o-based construction companies were invited to submit tenders, Mr Grant said. Two of these companies responded w ith bid submissions. On review of the bids, it was determined that Abaco Rock Ltd had sub-m itted the lower qualifying bid. Edison Key, MP for South Abaco and chairman of the Bahamas Agricultural a nd Industrial Corporation, said as tourism is the countrys number onei ndustry and first impressions are usually the ones readily remembered, Hope Town, a gateway to the Bahamas, deserves comfortable amenities. H ope Town attracts a high percentage of return and first-time visitors and the roads have been kept deliberately in as tyle befitting the quaintness and charm that has sold the community around the world, he said. CONTRACT AWARDED FOR ROADSPROJECT IN HOPE TOWN, ABACO A SMALL CONTRACT SIGNING ceremony was held in Hope Town, Abaco as Abaco Rock Limited was awarded a $101,834.27 contract to construct concrete roads. Pictured during the signing from left: Minister of Public Works and Transport Neko Grant; Permanent Secretary, Colin Higgs; Owner, Abaco Rock Ltd, Kenneth Meltarp and Member of Parliament for Abaco and Chairman of the Bahamas Agricultural and Industrial Corporation, Edison Key. Letisha Henderson /BIS MINISTER OF EDUCATION: IMPROVEMENTS NEEDED IN LITERACY AND NUMERACY TEACHERSCALLEDONTORENEWCOMMITMENT TOPROFESSION C OMMONWEALTH BANKS HALF YEAR RESULTS UP 11% MINISTEROFEDUCATION D esmond Bannister WILLIAM B SANDS, JR Executive Chairman
BySIR RONALD SANDERS (The writer is a Consultant and former Caribbean d iplomat) A QUITEamazing event took place in Kenya's capital, Nairobi, on August 29 and 30. Two h undred representatives on n on-governmental organis ations (NGOs and 19 African countries held a China-Africa Peoples' Forum. T he event is remarkable f rom two standpoints. First, g iven the fact that, for the most part, China is still as tatist country where the C ommunist party retains tight control, it is surprising that there are any nongovernmental organisations (NGOs restrictive laws, governing the registration of non-profi t organizations, mandate t hat applicants be affiliated a nd sponsored by a governm ental unit, and this effect ively terminates NGOs t hat are not affiliated with the government. But, research reveals that there are some NGO's which operate with the blessing of the Chinese gov ernment. In this sense theya re regarded as "government-NGOs". It figures, therefore, that the Chinese N GO's, attending the N airobi Peoples Forum, w ere ones that enjoy government support. T he second reason that t he event is itself remarkable is that China-Africa social and economic rela-t ions are a recent develop ment. Yet, the Chinese have shown enough inter est in engaging African civ i l society to mount conside rable participation in it. Even if the Chinese contin g ent enjoy Chinese governm ent endorsement and, therefore, may only act within parameters set by the government, they stilli nteracted with the African NGOs that are not tied to their governments. What the Chinese NGOs heard from the African NGOs were independent v iews. And, it is now fairly w ell known that people in m any African countries have expressed concerna bout the way that China a nd Chinese companies have operated in Africa. Some have gone as far as to remark that China behaves no differently than the old colonial masters an observation that troubles C hina, given its official post ure that China is a developing country that wants to m aintain equality and solid arity with other developi ng countries. Of much older vintage is the relationship between African, Caribbean and Pacific (ACP the European Union (EU That formal relationship byt reaty is 37 years old. But, the EU, which has a very vibrant civil society with which it consults regularly,h as never organised a Peop les Forum of EU and ACP countries. In other words, the people-organi-s ations of these two groups of countries have never been given the opportunity to help to define theirr elationship or to express their views on the structure and substance of the rela tionship as it has evolved t hrough the Lom and Cotonou treaties and now, the Economic Partnership Agreement (EPA t he EU and many ACP c ountries. H owever, tied to the Chinese government the Chi-n ese NGOs might be, at l east China has opened its ears to hearing what NGOs in 19 African states have to say about the Africa-Chinese relationship. It may be that the EU Commission and perhaps some governm ents of EU member states are fearful of what their own NGOs would say a bout the EPAs that the E U has railroaded many A CP states into accepting. It is widely known that many NGOs throughout Europe as well as several members of the European Parliament are critical both of the unfairness of theE PAs and the manner in which the EU Commission handled the negotiations. ACP governments are n ot blameless in this. They h ave not insisted on a Forum in which civil soci ety organisations from their o wn countries and the EU can meet to exchange views and comment on the relations between the twoa reas. In part, this is due to the suspicion that many governments and NGOs of ACP countries harbourt oward each other. However, it is a suspicion that both sides should work to overcome, for the governments of developing countries will n ot be able to stand-up against unfair conditions set by countries and agencies s uch as the EU Commiss ion, the International M onetary Fund and the O rganisation for economic C o-operation and Develo pment unless civil society organisations share their concerns and are willing to advocate them within their local communities andi nternationally. ACP countries should t ake the initiative to push for an ACP-EU Peoples Forum. The next meeting o f EU-ACP parliamentarians would be a good place t o kick-off the idea. The ACP Secretariat could draw on the experience of the 19 A frican states that participated in the Forum with C hina for assistance in fashioning the Forum. Such a forum might well produce a movement by people across the EU and ACPn ations to establish a more equitable and just trade and economic relationship. It would also be useful to hold a Peoples Forum b etween China and those Caribbean countries with which it has diplomatic relations. There is good reason for it. Rumblings have already d eveloped about the mann er in which China is opera ting in the Caribbean, particularly over its insistence on Chinese labour for projects, including those which it funds by loans and not by grants. Concern has also been e xpressed about Chinese c ompanies ignoring labour l aws in the countries in which they operate. These grumbles should be addressed before they sour t he relations between China and the Caribbean. A Peoples Forum would help to a ddress these growing probl ems and establish mutual u nderstanding. I n early September, the 3 rd China Caribbean Econ omic and Trade Cooperation Forum will be held in Trinidad and Tobago. It will be a limited meeting. Only nine of the fourteen independent Caribbean Community (CARICOM c ountries will be represente d. Five other CARICOM countries that retain diplom atic ties to Taiwan will not b e there. And, while there w ill be representation by government ministers and b usiness people from China and the nine CARICOM countries, there will be no wider Peoples Forum of civil society representatives such as was held in Nairobi b etween China and African c ountries. I n Nairobi, the Peoples Forum declared that they believe that NGOs, as an indispensable force in the world today, have joined the government in providing public services, in comm unity development and h armonizing social relations b y providing varieties of volunteer jobs. They said, The role of NGOs is unique in international a ffairs as they make their voices heard on different international platforms. A nd they concluded, We r ealize that meaningful d evelopment can only be a chieved through meaningf ul partnership between N GOs and their respective governments, and by various NGOs around the world. That statement applies equally to the wider African, Caribbean and P acific Group. R esponses and previous c ommentaries at: w ww.sirronaldsanders.com T HE TRIBUNE MONDAY, SEPTEMBER 5, 2011, PAGE 9 Break away from the ordinary and discover how to experience life to the fullest. The Isuzu D-MAX is the ultimate multi-purpose pick-up truck which enables you to drive through tough roadsand load a variety of cargoes. It is specially designed to be powerful, stylish and highly functional. The Isuzu D-MAX is one toughvehicle that willnever let you down!T H E I S U Z U D M A XPOWERFUL COMFORTABLE VERSATILE T YREFLEX S T AR MO TORSCall us today for your new IsuzuD-MAX Pick-UpTruck at 325.4961Wulff Road, P.O. Box N 9123, Nassau, The Bahamas Fax: 323.4667 Let the people speak WORLDVIEW SIR RONALD SANDERS H H o o w w e e v v e e r r , t t i i e e d d t t o o t t h h e e C C h h i i n n e e s s e e g g o o v v e e r r n n m m e e n n t t t t h h e e C C h h i i n n e e s s e e N N G G O O s s m m i i g g h h t t b b e e , a a t t l l e e a a s s t t C C h h i i n n a a h h a a s s o o p p e e n n e e d d i i t t s s e e a a r r s s t t o o h h e e a a r r i i n n g g w w h h a a t t N N G G O O s s ( ( n n o o n n g g o o v v e e r r n n m m e e n n t t a a l l o o r r g g a a n n i i s s a a t t i i o o n n s s ) ) i i n n 1 1 9 9 A A f f r r i i c c a a n n s s t t a a t t e e s s h h a a v v e e t t o o s s a a y y a a b b o o u u t t t t h h e e A A f f r r i i c c a a C C h h i i n n e e s s e e r r e e l l a a t t i i o o n n s s h h i i p p . Share your news The Tribune wants to hear from people who are making news in theirn eighbourhoods. 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LOCAL NEWS PAGE 10, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE The claims were part of a US Embassy cable recently released by whistleblower Wikileaks. Mr Wilchcombe, MP for West End and Bimini, said during his term as tourism chief he saw WHTI as a "threat" to the country's economy. He claimed he had to bypass diplomats at the US Embassy in Nassau to speak to American members of Congress on the issue. "The spin by then US embassy officials as alleged in Wikileaks was a result of the steps I took after I disregarded the position of the US embassy," Mr Wilchcombe said in a statement to The Tribune "At the time they told me that they could not help us any further in causing for a delay in the implementation of The Western Hemisphere Travel Initiative and that it was out of their hands. "I saw WHTI as an immediate and dangerous threat to our economy. I could not sit idly by and allow the industry and the country to perish. "(So we did, I must say with a little help from our friends, including American billionaire Robert Johnson. (Mr doors to Congressman Bennie Thompson, chairman of the Congressional Committee on Homeland Security. Mr Thompson was a tremendous help. "That is the true reason for the skewed and absurd version of the facts. Egos were trampled," said the MP. The WHTI was a US law implemented in 2007, designed to strengthen its border security by requiring all travellers to show a valid passport or other approved documentation when travelling to the US from areas within the Western Hemisphere. During the time leading up to its implementation, Mr Wilchcombe likened its impact on the Bahamas to that of a "category six hurricane." However, according to the recent Wikileaks cable, the WHTI was implemented on January 23 with "little fanfare" and no noticeable change to tourist inflows from the United States. The report, prepared by the then US deputy charg d'affaires, Dr Brent Hardt, said the only confusion arising from the WHTI implementation was generated by Mr Wilchcombe, who travelled to Washington on January 24 and met with Congressman Thompson. "Following his meeting, Wilchcombe triumphantly proclaimed to the Bahamian media that his discussions with the Congressman had resulted in a 'waiver' of the initiative and an 'extension' of the January 23 deadline. Wilchcombe asserted that his lobbying in Washington and relationships in Congress were responsible for his success (which neither his Prime Minister Perry Christie nor Foreign Minister Fred Mitchell had been able to achieve). "This erroneous information was widely carried in local and regional media, with Wilchcombe hailed as a regional hero in some reports. Wilchcombe also promised additional meetings with DHS officials during the 'extension' period in ongoing attempts to have implementation further delayed," the cable read. The US Embassy, the cable revealed, moved quickly to correct Mr Wilchcombe's statements, while seeking to "avoid embarrassment" for the senior minister by providing local media with facts regarding the smooth implementation of WHTI and the "common sense, flexible approach" to implementation adopted by C BP during the initial phase-in period. A source in the DNA claimed Mr Moncur has been unofficially chosen to represent the party in the constituency, however party Chairman Mark Humes said he could not confirm this yesterday. Mr Moncur launched his campaign on Facebook over the weekend. "Today I am asking you to elect me as the Member of Parliament for the Bain and Grants Town constituency so that I can con tinue to serve the needs of our community in a more effective capacity," the long time Bain and Grants Town resident posted on the social networking website. When contacted for com ment, Mr Moncur did not confirm if he had received the nomination from the new third party but said Bain and Grants Town has "gone DNA". He said if he is elected to represent the area, he will push for increased police presence, indoor plumbing in each home, and regular garbage collection. "The constituency has not been given justice in terms of health inspection, vector control and removal of garbage. "Bain Town is dirty, Bain Town lacks security like the entire Bahamas. I believe that we have not seen true urban renewal in Bain Town and there are still many residents with outside toilets. "I shall be pushing in the DNA a national water poli cy in which no public pumps will be allowed, (so resident will have a water line. "I'm talking about a policy whereby every home is hooked to the public water supply and the collection of the fee is done through a national policy so you won't have individuals paying individual water bills there will be a national water bill." The death penalty advocate also criticised incum bent representative Dr Bernard Nottage for not doing enough to prevent the spread of dengue fever with in the community. "Bain and Grants Town and southwest New Provi dence are the two most affected areas with dengue fever, and Dr Nottage has not played his role in terms of putting pressure on gov ernment to ensure that the disease didn't break out in (his Mr Moncur, former leader of the now disbanded Work ers' Party, ran as leader of that party in the Elizabeth by-election but lost to Progressive Liberal Party member Ryan Pinder. Earlier this year he joined the DNA and has been a vocal public supporter of party leader and former State Immigration Minister Branville McCartney. FROM page one A CTIVIS T SEEKS DNAS BAIN AND GRANTS TOWN NOMINATION R ODNEYMONCUR FORMER MINISTER HITS OUT AT SPIN FROM USEMBASSY FROM page one
LOCAL NEWS T HE TRIBUNE MONDAY, SEPTEMBER 5, 2011, PAGE 11 By CONSTABLE 3011 MAKELLE PINDER SOMETHINGmay be wrong in your neighborhood. Theres too much violence, or theres an ever-present threat. Perhaps a child or adult you know was robbed. Maybe youve seen signs of drug dealing. Maybe a string of breakins has you wondering whats coming next. Youre uneasy even frightenedfor yourself and your family. Perhaps nothing violent has happened, but you see warning signssuch as graffiti, vandalism, abandoned cars, loitering, litterthat crime and violence may be reaching your neighborhood soon. Knowing all of this; citizens can now begin the challenge of reducing the opportunities of crime being committed against them, their loved ones, friends, property and the environment. A SAFE HOME Check locks on all doors. Are they working? Are they heavy-duty locks recommendedby your local community police officer or your locksmith? External Doors.Are they sturdy?How do they swing from the building?Are they hollow core doors?External doors should always swing away from the building. Sliding Doors.Are they working properly?Can the glass be easily shattered so as to allow the locks to be opened from the outside? Windows.Are they opened at nights or when the family is away from the home?Are the operators working properly? Burglar Alarms. When were last tested?Security Cameras. Are they producing clear images of persons or is there a blur on the screen? Do your children know how to get rid of unwanted callers who may be attempting to ascertain if they are home alone. ON THE OUTSIDE Cut down overgrown prop erties and Remove derelict vehicles Have abandoned buildings either torn down or battened down Be sure to report unknown vehicles that are parked in the neighborhood. They may be stolen. Take your local community officers through all shortcuts and track roads in your area. Beware of persons claiming that their vehicle has broken down and that they want to use your telephone. Tell them you will call the police to assist them. This should get them leaving the area in a hurry. Be on the lookout for persons posing as repairmen, free lance workers and utility work ers Look at who visit your neigh bors house. Check the outside of your home each day or as much as possible. IN YOUR VEHICLE While driving, occasionally check your review mirror for persons that may be following you. If you are being followed dri ve to the nearest police station. If being followed, do everything possible to bring atten tion to yourself. If bumped from the rear and you are not certain of the persons intention, do not stop. Where possible, increase speed and try to get the vehicles reg istration number, colour, make and anything that stands out. When approaching home or work, do not stop if you are being followed. Have a signal with those in the house. Alert a family member or significant other of your intended route. Do not pick up hitch hikers, even if they appear to be old ladies or children in distress. Once at home, do not return to the vehicle. Items that are not perishable must be left in the trunk. Do not park your vehicle anywhere, even at your residence with items that would be visible to anyone, even if it has no value to you. Always take these items out or have them secured in the trunk. Should you need more information on neighborhood safety or if you have information pertaining to any crime, please do not hesitate to contact the police at or Crime Stoppers at 328-tips (New Provi dence), 1-300-8476 (Family Island or if you know of individuals who may be inneed of counselling and emotional sup portplease contact the Department of Social Services hotline number at 322-2763. ROYAL BAHAMAS POLICE FORCE NATIONAL CRIME PREVENTION OFFICE NEIGHBORHOOD S AFETY TIPS
ELIZABETH MP Ryan P inder donated six comput ers to the Thelma Gibson Primary School and school supplies to children in hisa rea ahead of the start of the new school year. To help prepare children i n the Elizabeth area to head b ack to school, the tax attor ney donated school packages to area churches, school supplies to the ElizabethE states Childrens Home and hosted a jamboree where hundreds of school packages were distributed to the residents of Eliza beth. Development "A good education forms the base of the future devel opment of our students, and ultimately the future development of our country. We as representatives of our community must encourage and support our area schools, and the students in our particular con stituencies," Mr Pinder said. Mr Pinder said Thelma Gibson Primary School's computer lab needed to change outdated equipment. Earlier this year, I remember being told that some of the computers could not load the software fromt he Ministry of Education because of their age. We cannot expect our children to excel in school i f they are not given the opportunity to do so. I am happy to know that the six computers donatedt o Thelma Gibson Primary School will be immediately used in the computer lab to give the students better o pportunities to succeed in their education. Mr Pinder also awarded the school's valedictorianR achea Bodie, with a laptop to assist with her stud ies. LOCAL NEWS T HE TRIBUNE MONDAY, SEPTEMBER 5, 2011, PAGE 15 By JASMINE LOPEZ DOZENS of children from the Englerston community were treated to an after-n oon of fun and free school supplies from Big Brother Big Sister Bahamas. T he group celebrated the closing ceremony of its annual summer camp at the Englerston Park. Rashad Amahad, managing director of Big Brother Big Sister Bahamas, spearheadsm any other programmes that focus on child ren living within the Englerston constituency. "I believe that if we now go back to the youth and we now instill in them proper morals, standards of living ,social graces and discipline, it would and curb crime prevent a barrier so that children would learn how ton egotiate. If they develop this they can carry it into other aspect of their lives," he said. Paul Rolle, president of the Englerston Organisation, said it is imperative to focus on children before they are led astray by negative influences. H e said: For years what we did was focus on the social ills of the community. W e reach out to the older people and young people alike. In the summer we really try to take a bite out of crime. We had seven murders within the community and we recognise that if we donti nstill the kind of principle and behaviour in y oung kids it wouldn't carry on into their adult life. In the summer we go after kids ina big way. Big Brother, Big Sister taught students computer skills, literacy and how to play chess over the summer. Many of the attendees of the camp r eceived free school supplies such books, pencils, and bags at the ceremony. BIG BROTHER BIG SISTER S UMMERCAMPCLOSINGCEREMONY RASHAD AMAHAD managing director of Big Brother Big Sister Bahamas, with children in the Englerston constituency. The children enjoyed a day of board games, basketball and food. TIM CLARKE /TRIBUNESTAFF MP DONATES SIX COMPUTERS TO SCHOOL S UPPLIESFORTHELMAGIBSONPRIMARY ELIZABETH MP Ryan Pinder at the jamboree.
PAGE 16, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE LOCAL NEWS STUDENTS of the Bain and Grants Town community gathered at St Agnes AnglicanC hurch Hall on Lewis Street and Baillou Hill R oad this week to participate in the Urban R enewal back-to-school preparation ceremony and some last minute summer fun and togetherness. The youngsters were entertained by Derek and Charlie the Yellow Bahamian, whoo ffered words of wisdom and timely food for t hought before the new school year begins. Rev Bryn MacPhail of St Andrews Presbyterian Kirk delivered the keynote message, advising students to work toward good grades and prepare themselves for a life of greatness. F rom St Agnes Church Hall, the students l ined up at the Bain and Grants Town Urban Renewal Centre to receive their school supplies. Diana Bullard, manager of Bain and Grants T own Urban Renewal Programme, and the c entres staff were assisted by Rev MacPhail, Earla Bethel and Andre Chappelle of St Andrews Presbyterian Kirk. REV BRYN MACPHAIL of St Andrews Presbyterian Kirk hands out school supplies. BAIN AND GRANTS TOWN URBAN RENEWAL AND COMMUNITY PARTNERS BACK-TO-SCHOOL CEREMONY DEREK AND CHARLIE the Yellow Bahamian entertain the children while imparting words of wisdom. on roadsides and in settlements, potentially able to spread dengue fever if it reaches the island. There's a lot of damage, almost everybody has some kind of roof damage, he said. Some houses that are utterly destroyed. The Rainbow House it looks like somebody smashed it. Food and water are getting around to people, and there's a lot of rebuilding, but getting power back on is going to be a big thing. In the south there's a lot of poles down and I haven't seen anything going on down there as far as putting up any poles or restoring lines. As the PLP tour group drove through Old Bight, people were lin ing up to fill their bottles with water being distributed by local volunteers from the back of a truck. Were trying to work with all of the organizations to do what we can, Rusty told The Tribune. The main thing is to just get a handle on the organization. Trying to get someone to organize, to get everyone together and do whats best for who really needs the help. As the PLP members praised their efforts Senator Halkitis added: We don't want the government agencies to look and see some self-help effort that is going on and take that as an indication that people here don't need help and urgently. Much of the island is still without power, we know BEC is doing their best, we just want to make sure that these people are not forgotten. They are away from New Providence and we don't want it to be that they are out of sight, out of mind. FROM page two FLORABELL RAMSEY'S home was demolished by the hurricane. HURRICANE RELIEF REACHES CAT ISLAND INMATESWORKONSTUDENTS HAIR FOR THE NEW SCHOOL YEAR S TUDENTS h ave their hair styled ahead of the new school year at the Hair Trim and Braid Day. The initiative allows inmates at Her Majestys Prison to give back to the community by working on the hair of students from the Eastern area.
$4. 68 $4. 51 $4. 69T he information contained is from a third p arty and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.55 $5.43 $5.38 T HETRIBUNE SECTIONB email@example.comMONDAY, SEPTEMBER 5, 2011 B y NEIL HARTNELL Tribune Business Editor T HEfinancial services i ndustry needs a major game changer such as allowing foreign attorneyst o practice from this nation in non-Bahamian legal matters, a leading accountant telling Tribune Business thisw as critical to attracting the ultra high net worth individuals necessary to revive the economy. Raymond Winder, man a ging partner at Deloitte & T ouche (Bahamas such moves were necessary By NEIL HARTNELL T ribune Business Editor A WELL-KNOWN Bahamian financial services provider is targeting Freeport for a fashion orders fulfillment business that will launch next May once its associated website goes live, a project that will create at least 10-15 jobs. While declining to specify the level of investm ent involved, Owen Bethel, head of the Nass au-based Montaque Group, and the driving force behind the Islands of the World Fashion W eek, told Tribune Business that the Exles B outique online store, which will be affiliated w ith the latter, has the greatest potential of all planned new initiatives. While Islands of the World was seeking to b ecome a more exclusive event in terms of the number of designers permitted to exhibit, Mr Bethel said Exles Boutique would be open to all Bahamian and small island-based designers once their products were of a certain quality. Once this standard was reached, the online s tore would provide an outlet for their designs t o be sold around the world, guaranteeing a c ertain level of sales. By NEIL HARTNELL Tribune Business Editor PUBLIC-PRIVATEpartnerships (PPPs cal solution to the Bahamas $2-$2.1 billion infrastructure needs given the Governments fiscal woes, a leading KPMG (Bahamas adding that current projects would make this nations economy so much more competitive. Simon Townend, a KPMG (Bahamas aging director of its KPMG Corporate Finance arm, told Tribune Business that if this nation ignored the need to upgrade and repair critical infrastructure, it would not only fail to meet its own populations demands but start losing business to other juris dictions. Speaking ahead of KPMGs upcoming Miami conference on the infrastructure challenges faced by small island developing nation, such as those in the Caribbean, Mr Townend said two major Bahamian infrastructure pro jects the $409.5 million Lynden Pindling International Airport (LPIA ment and $80 million Arawak Cay port could not have been done without the PPP model. Both developments will be By NEIL HARTNELL Tribune Business Editor T he Government has been urged to pursue all taxes due to it under the existing system rather implement new ones to combat its fiscal woes, a leading accountant calling on it to go full force in plugging all loopholes. Top accountant urges leading foreign attorneys be allowed to practicef rom Bahamas Says key to attracting the wealthy to domicile here GAME CHANGER NOW ESSENTIAL IN FIN ANCIAL SECTOR RAYMOND WINDER managing partner at Deloitte & Touche (Bahamas SEE page 6B PPP LOGICAL SOLUTION TO BAHAMAS $2. 1 BILLION INFRAS TR UCTURE NEEDS Top KPMG executive says current projects will mak e Bahamas m uch more competitiv LPIA, Arawak Cay port could not have been done in w a y the y ha ve without PPP Ener g y, hospital ideal for PPP model SEE page 5B SIMONTOWNEND GOVT URGED: GO FULL F OR CE OVER CURRENT TAXES Top accountant calls for loophole closure, rather than new or increased taxes Urges focus on real property taxes, hotel/firms being sold Says switch to income tax/V A T could earn less due to compliance woes SEE page 7B Project to create 10-15 jobs if comes to fruition Owen Bethel says project and affiliated website have greatest potential of all Islands of the World initiatives SEE page 4B OIL PRODUCTION S TILL YEARS AWAY By NEIL HARTNELL Tribune Business Editor I T WILL take five-eight years from the discovery of commercially recoverableq uantities of oil in Bahamian waters to begin production, a Bahamas-based oil explo-r ation company executive has said, while still pointing out that Trinidad & Tobagos u nemployment rate was half t hat of the Bahamas. Moving to manage expectations of any immediate mass o il production in the Bahamas, Dr Paul Gucwa, the Bahamas Petroleum Compa-n ys chief operating officer, n evertheless said the companys work if everything worked out had the potential to transform the Bahamian economy and the Governments finances throughm uch-needed diversification. With the company expecting to open negotiations with major international oil companies over a joint venture exploration/well drilling partnership in the 2011 fourthq uarter, and seeking to drill its first Bahamian exploration well in late 2012, Dr Gucwas aid each well required an $ 120-$150 million investment. From the time we would drill our first well and havei ndications theres a signifi cant recovery to the time we go to production will be in theo rder of five, six, eight years, Dr Gucwa told Tribune Business. There will likely be more than one well required b efore we know if we have a commercial discovery. In that time, people will be trained t o take those jobs. Dr Gucwa said that between the 1950s-1980s,s ome five test wells were drilled in Bahamian waters.All showed the presence of hydrocarbons (meaning oilb ut not in commercial quan tities. Yet Bahamas Petroleum Company had learned from Five-eight year time lag after confirmed d iscovery Trinidad best e xample for Bahamas of what could be Can co-exist with tourism SEE page 7B By NEIL HARTNELL Tribune Business Editor HURRICANE IRENEhas underscored the need for the Bahamas to build up sufficient public f inance reserves to cope with natural disasters, the head of the International Monetary Funds (IMF mission to this nation saying this reality reinforced the need for fiscal consolidation. Gene Leon, in a series of replies to e-mailed Tri bune Business questions, said: The frequent occurrence of hurricanes in the region underscores the need to build sufficient reserves to provide buffers against weather-related devastation. A nd, in a reference to the Bahamas current fis cal position and the IMFs prodding of the Gov ernment to set the national debt and fiscal deficit back on a more sustainable path, he added: The need for buffers provides additional support for a strong medium-term fiscal consolidation strategy. Mr Leon declined to give any projections as to Irenes likely impact on the Funds estimates for the Bahamas key fiscal indicators, the IMF having previously estimated that the central government deficit could hit 5.25 per cent of gross domestic product (GDP This, the Fund said, was coming after the 2010IMF: IRENE UNDERSCORES FISCAL BUFFER REQUIREMENT SEE page 2B
By SIMON COOPER R es Socius THEFrench like to remind us that the more things change, the more they remain the same. I personally think that plus a change, plus c'est la mme c hose (if I got my schoolb oy French right) applies to p eople and not to progress. This is because computers and many other things have changed a great deal since I owned my first keyboard (although they may sometimes frustrate us at least as m uch). C hange has brought us m any benefits. Take the elaborate early warning systems that tipped us off that H urricane Irene was on its w ay, and allowed us time to prepare. I wonder how our seafaring ancestors felt when storms like that bore down upon them from the horizon. They certainly were brave pioneers. Would that we had that pioneering spiri t in the same intensity, too. B usinesspeople also have t o be brave innovators. They need tight rigging of a different kind to weather the storms of sudden competition. I personally think the ones who will survive will be those who benefit best from emerging technology. Just like the sailors who turned to steel-hulled sailing ships in the late 18th century. Experts think these are some of the more important changes that lie ahead of us as businesspeople. Will we s urf these waves with ease, o r founder on the rocks instead, I wonder. eBusiness will become the defining business strateg y and indicator of success Serving eCustomers will continue around the clock, as will business hours Virtual warehousing and just-in-time shipping will give the next generation of customers a far wider range of choices The Internet will continue to become the prime meeting place for suppliers and their customers. Stock-flow will become a s important as cash flow in a world of widely-dispersed customers and click-through m arketers. Browser preferences will promote customer loyalty among an increasingly disparate customer base. Customers will, however, also become more fickle a s competing web technolog ies seduce them away. Manufacturers will supply directly to end-users, with retailers gradually being reduced to the role of facilitator. There are too many examples of businesses that missed the bus to take these signs lightly. Remember IBM, which refused to buy out Microsoft for just a few dollars? Everywhere, progressive thinkers are grasping new opportunities enthus iastically in order to survive a nd grow. Does this sound like the B ahamas? I hope it does s ome day. Thats because we d o not have enough homebased customers to sustain the revenues we need to build our dreams, and therefore we must trade. Many of our foreign customers will continue to be tourists. Am I dreaming when I wonder w hether Internet customers m ight not perhaps someday become the larger group? Drop me a line and tell me what you think about this challenge. NB: Res Socius was founded by Simon Cooper in 2009, and is a business brokerage authorised by the Bahamas Investment Authority. He has extensive private and public SME experience, and was formerly chief execu tive of a publicly-traded i nvestment company. He was awarded an MBA with d istinction by Liverpool U niversity in 2005. Contact h im on 636-8831 or write to firstname.lastname@example.org m. BUSINESS PAGE 2B, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE 2011 deficit widened to around 4.75 per cent of GDP, with central government debt hitting more than 50 per cent at the end of this fiscal year. Mr Leon, though, acknowl edged that Irene-related damage and repairs that have to be financed by the Government might widen the 20112012 projected deficit. Def icit Increased expenditure for reconstruction is likely to increase the deficit, but a new projection is not feasible at this stage, he told Tribune Business. The Fund supports expenditures for reconstruction from natural disasters. In fact, the Fund provides emergency assistance, under its Emergency Natural Disaster Assistance program, to help countries afflicted by natural disasters meet immediate for eign exchange financing needs. As for Irenes likely impact on the Bahamas projected economic growth for 2011, which the IMF had raised to close to 2 per cent, Mr Leon said it was premature and difficult to answer this question accurately. He added: First, we need an assessment of the damage, including on which islands and what was damaged. For exam ple, in the Family Islands, where both the public (roads, ports, airports) and private infrastructure (cruise docking ports, hotels, and vacation rental facilities) were damaged, air and cruise arrivals will likely slow in the shortterm, dampening growth prospects. On the other hand, an immediate start to reconstruction could boost GDP growth, especially if it is additional to what was planned before. Similarly, if the recon struction was completed before the high season, that could minimise the impact on tourism. Pr ojects Further, with less damage on New Providence and Par adise Island, the main foreign direct investment projects and tourism activity will likely continue at projected levels, supporting growth projections. Any revisions to the growth forecast should await an assessment of the damage and discussion with the authorities. While some Family Islands suffered significant damage, tourism activity and large projects in New Providence are expected to remain on track. Separate from hurricane damage, risks to global outlook (in particular, lower US growth) could weigh on the growth projection for the Bahamas. NET-TING A LARGER CUSTOMER BASE B y RICHARD COULSON I N TRIBUNE BUSINESSon September 1, Mike Anderson, president of RoyalFidelity Merc hant Bank & Trust, in saying that market smaking by securi-t ies dealers is more a dream t han a reality, gave the reason that theres no profit in it. This poor-mouthing in my opinion is strange, coming from a firm thath andled Commonwealth Brewerys share offering, where the Government through the National Insurance Board -u nderwrote the managers failure to place the full $65 million. For this risk-free exercise, his firm earned af lat, non-performance, fee of $1.25 million. N othing left to help make a market? Mr Anderson argues that the only solution to greater liquidity is expanding share holder bases, and getting more buyers and s ellers. Maybe, but how to get there? When I asked about liquidity at the launch of the Brewery sale, he told me this deal would bed ifferent from the past: The unprecedented s ize of the offering combined with wide retail distribution would assure trading. As he later admitted, this didnt happen. BISXs own figures show the recent trade of a measly 300 shares. If the $65 million Brewery offering cant give a jolt to the sec ondary market, what can? Some $8 million from the Arawak Cay port? Hardly. It can be only accomplished by securities firms becoming active traders.. Since by tradition Bahamas dealer-man agers never take underwriting risks in the p rimary market of launching securities offerings, while earning h andsome fees, its only fair that they assume some risk by taking market-making positions in the a fter-market. Mr Anderson tells us that in t he Bahamas were not a tradi ng market, were an investment market In saying that, he is shattering the whole objective ofa mature capital market, where i nvestment by the public cannot exist without trading. They are two sides of the same indivisible coin. Of course, wea re told, most Bahamian investors have the buy and hold mentality, with no interest in trad-i ng. If public offerings were designed just f or them, we might as well abolish BISX and forget about liquidity completely. In fact, many Bahamians do want to sell. The BISX figures for Commonwealth Bank,o ur most actively traded company, show sell orders for 199,687 shares, at $6.97, against buy orders for only 5,000 shares at$ 6.30. These sellers are, in effect, locked i n, for a not negligible amount of nearly $1.4 million. Effective market-makers could arbitrage part of the difference of only 67 cents per share, and take positions to arrange transactions somewhere in the middle, Without some form of improved liquidity, investor interest could dry up even for solid companies. Market-making may be only a dream now, but so is everything that has not yet been tried. ILLIQUID MARKET C OULD DRY UP SIMON COOPER R ICHARDCOULSON IMF: HURRIC ANE IRENE UNDERSCORES FISCAL BUFFER REQUIREMENT FROM page one
By NATARIO McKENZIE Tribune BusinessR eporter email@example.com BAHAMIAN retailers said the impact of Hurricane Irene failed to slow down the traditional BackT o-School rush leading up t o the opening of the new s chool year. B ack to School sales are traditionally the second busiest period of the year f or retailers behind the C hristmas season. Charm aine Daley, manager of J ohns Department Store o n Carmichael Road, told T ribune Business that commerce had not slowed down due to the hurricane at all. The Friday after the hurricane we came back to work, and we still had the same amount of customers w e always had. Business was still the same. Were still busy. I think were g oing to be bombarded on S aturday. Well be open on S unday to cater to the very last minute shoppers. Williams Higgs, manager o f Sandys at the Mall at Marathon, added: Things could always be better but were doing quite well. After the hurricane business picked right back up. I dont know if we made up f or the lost days but we did p retty well. Things really picked up from Monday, and we will be open onS unday as well from 1pm to 6pm to accommodate all the customera who could nt get here through the w eek. B ook World and Stationers was also bombarded w ith last-minute shoppers c aught up in the Back to S chool rush, an employee confirmed to Tribune Business. Things are very busy r ight now, the employee said. Business was also said t o be picking up at Lorenes on Madeira Street, but the s tory was different at t he outlets downtown location. D iane Barr, manager of Lorenes on Bay Street, t old Tribune Business that while she had seen a steady flow of customers, i t was not as great as that being experienced by othe r stores. Mrs Barr said she believes this is a result of the emergence of shoppingc entres in residential areas. I think its because of t he number of shopping centres we now have in some of the residentiala reas. We used to get a lot of traffic from out of the south and Carmichael Road. Itsb een a steady flow, she a dded. BUSINESS T HE TRIBUNE MONDAY, SEPTEMBER 5, 2011, PAGE 3B (VWDEOLVKHGZKROHVDOHFRPSDQ\LV D FFHSWLQJUHVXPHVIRUWKHSRVLWLRQRI *HQHUDODQDJHU 'ULYHDQGDPELWLRQDUHPXVW 6XFFHVVIXOFDQGLGDWHVKRXOGKDYHDW OHDVW\HDUVH[SHULHQFHLQWRSOHYHO PDQDJHPHQW & RPSHQVDWLRQZLOOEHFRPPHQVXUDWH ZLWKH[SHULHQFHDQGWLHGWRSHUIRUPDQFH ,QWHUHVWHGSHUVRQVKRXOG VHQGWKHLUUHVXPHWR ZKROHVDOHFDUHHUV#JPDLOFRP By NATARIO McKENZIE Tribune Business Reporter firstname.lastname@example.org LUMBER yards are facing challenges replenishing their inventory due to the increased demand for supp lies in the wake of Hurricane Irene, Tribune Business has learned. Several companies contacted by this newsaper said they were facing challenges replenishing their inventory, as demand for supplies spiked prior to Hurricane Irene and after the storm. A nthony Roberts, purchasing manager at City L umber Yard, told Tribune Business: During the t wo days leading up to the storm we had a good deal of plywood and other materials people use to protect their homes. People did step up and take precautions. The chall enge right now is replenishing the plywood and shing les that people are using for their repairs. We had s ome come in last week, and hope to have some come in this week. Boost We had quite a few orders go out this week. We are experiencing a little boost in sales, but we dont l ook to hurricanes to give us business. We would r ather not have those at all. C hris Lleida, chief exeutive of Premier Importers, told Tribune Business: In a lot of ways business has picked up a bit. There are a lot of restoration supplies t hat are abnormal to the normal order of business as of late. Its been a challenge to get inventory levels up to meet this demand. It requires a little time to get the inventory levels up. A lot of roofing materials haveb een going to the islands affected. We are hoping by Monday after next to have quite a bit of inventory in. Kellys Lumber Yard manager, Daniel Culmer, said h e expecte to be back up to speed in two weeks. Within two weeks I should be back up to speed. I had plywood come in this week, and we do a good v olume with lumber, he said. A lot of people are looking for shingles, the three t ab shingles. I dont thing anyone on the island has any left. We have to get those straight from the man-u facturer. I ordered a shipment before the hurricane a nd they should be in next week. Raymond Collins, general manager of Tops Lum ber Yard, told Tribune Business: Theres been a h igh demand for shingles and roofing materials. We h ave a lot of orders coming out of Long Island and Eleuthera. Inventory was looking very bad, but things just started to come in yesterday and today. I shouldbe stocked by the end of next week. LUMBER SUPPLIERS IN INVENTORY CHALLENGE Irene fails to dent school return sales
We will have in place quality control systems in the boutique, along with m erchandising and selection of the product [to be d isplayed], Mr Bethel told T ribune Business. We will certainly be able to guarantee a high standard will be maintained. The Montaque Group head, who is also president of the Islands of the World S how organiser, Modes Iles, an affiliated company, confirmed to this newspap er that the intent was to d omicile the online boutique in the Bahamas, t ogether with its order fulf illment facilities. We are looking at the utilization of the FreeportP ort area in terms of bringi ng and storing the merchandise for onward shipping, and fulfillment of the orders, Mr Bethel told Tribune Business. Jobs Were looking at the B ahamas, and if its not productive or cost effective, well be looking at fulfillment houses in the US. Certainly, in terms of the fulfillment, if were able to do it more effectively from t he Bahamas, Id have thought at least 10-15 jobs will be created. It is a high-tech, stateo f-the-art, modern facility, w hich a Bahamian group is spearheading. Mr Bethel said the E xles Boutique online store would go live in May 2012, with testing occurringi n February, its launch timi ng coinciding with Islands of the Worlds May show ing. Mr Bethels plans, t ogether with moves by fellow Nassau-based businessman, Robert Myers, toe stablish an auto parts export/import business in Freeport, give further encouragement that thev ision for the city to b ecome a logistics/distribution hub for the region may yet be realised. E xplaining why he and Exles Boutique were look ing at Freeport, Mr Bethel told Tribune Business: Because the facilities are t here, Freeport being created primarily as a transit point, a container facility in terms of orders being brought in properly segre g ated for onward shipping, and the legal avoidance of import and export duties. It allows us to have cont rol to make sure the dis t ribution is done. Mr Bethel was speaking to Tribune Business after Islands of the World unveiled a restructured for mat that meant it will not be holding a November2 011 showing. Explaining that this had been cancelled to provide more time to execute the restruc-t uring, Mr Bethel said that f rom 2012 Islands of the World would be held twice annually in May and November. The event in May will highlight designer resort, sports and swim wear anda ccessories. November will feature designer couture, pret-a-porter and casual wear and accessories. A nd, aiming to build on t he television show that originated with the 2010 Islands of the World Fash ion Week, Mr Bethel said negotiations over a six-part reality documentary designed to feature designers are their respective countries were going exceptionally well. Were looking at a syndicated show internationally, and possibly DirecTV and Cable in the US, so were trying to tie down the rights and everything associated with that, he added. Format In his statement on the new format, Mr Bethel said: The new format will definitely enhance the promotion and exposure of the designers in innovative ways, ultimately with the intent of making it a com mercially viable avenue for them to be able to transform their creativity into sales. The state-of-the-art online store and marketing thrust offered through that medium will give designers an unprecedented oppor tunity to introduce and sell their designs to previously untapped markets. Exles will itself invite special designers to produce lines of clothing under its proprietary label. The successful Islands of the World Fashion Tour to key cities and trade events, which was introduced in 2010, will continue as a promotional tool. Some 70 designers from the Bahamas and other small island states have been featured since Islands of the World Fashion Week started. BUSINESS PAGE 4B, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE &20021:($/7+)7+(%$+$0$6 1 7+((0(&2857 & RPPRQ/DZt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t+8*+(6 0DUHYD+RXVH *HRUJHWUHHW 1DVVDX%DKDPDV $WWRUQH\VIRUWKHHWLWLRQHU BAHAMIAN EYES FREEPORT FOR FASHION LOGISTICS HUB F ROM page one OWEN BETHEL head of the Nassau-based Montaque Group
highlighted as model PPP examples at the September 22-23 conference, and MrT ownend said the Bahamas c ould expand the concept to upcoming infrastructure needs a full replacement for the Princess Margaret Hospital (PMH Electricity Corporation( BEC) if the specific agreem ents between the Government and private sector partners were structured correctly. PPPs are an economic mode l that typically involves the G overnment partnering with p rivate investors, who provide the capital and management expertise for a specific pro-ject under what is usually a design, build, maintain ando perate (sometimes own c ontract. Besides assets such as airports and ports, PPPs have been established for sectors such as healthcare, education and roads. Its going to be very important, Mr Townend toldT ribune Business of the PPP m odel to the Bahamas, especially given the restrictions the expanding national debt a nd deficits will impose on government financing of infrastructure projects. Look at the hospital [ PMH], the KPMG executive added. Ultimately, a new hospital will be needed at some point. Its a huge project for Nassau, and the B ahamas. It will be in the h undreds and hundreds of millions to build a new facili ty. T he Government had orig inally hoped to use the proceeds from the BahamasT elecommunications Compan ys (BTC construct a PMH replacement, but the rapidly expandi ng national debt ultimately took priority. A $40 million project to extend PMH is cur r ently out to bid with contractors. Pointing out that KPMG had just advised the Bermuda g overnment on the selection of a private consortium to finance and construct a new h ospital worth several hun dred million dollars, Mr Townend said the Bahamas could also use a PPP model in its energy sector. Were already seeing BEC having major challenges, and at the same time it is having to contend with high oil prices, he added. Youve got a combination of BEC having difficulty copi ng with demand, and oil prices going one way, which is up. This all pointed to the need to introduce renewable sources into BECs electricity production mix, something that required the acceptance of privately-owned independent power producers (IPPs selling energy to the state-o wned power producer. You need specialists in these areas to come in and p artner with government to make that happen Mr Townend explained. The energy sector, over the next few y ears, will undergo a complete r einvention, which will only happen if private capital c omes to the fore........ Theres lots of areas where the Bahamas could benefit going f orward. He cited education, pointi ng to experiences in other c ountries where specialist priv ate consortiums had taken o ver responsibility for design ing, financing, building and m aintaining school buildings and facilities. The UK had ledt he way on this with its Buildi ng Schools for the Future programme, allowing government ministries to focus on education, rather than school maintenance and security. A sked whether the Bahamas $4.3 billion nation a l debt, and its rapid increase o ver the past few years, were impetus enough for this nation to turn to the PPPm odel, Mr Townend replied: That is a major reason for government turning to this model, but not the only reason. Not having the money to keep up with the demands ofs ociety and demands of serving international business, its going to be very difficult to sustain both. However, acknowledging t hat PPP has seen some disasters, with some agreements e nding badly, Mr Townend said it was critical for the Bahamian government to find both the right private sector partner and get the risk/reward structure right. Failing to properly identify and share risks, and implement proper penalties and incentives, were key factors in PPP failures. Certainly, with the debt l evels the way they are, PPP is a logical solution if its done r ight, Mr Townend told Tribune Business. Acknowledging that there was an ongoing debate as to w hether the Government s hould focus on infrastructure or social issues as its capital e xpenditure priority, Mr Townend said he believed the Bahamas needed to do both s imultaneously. Referring to the various o ngoing projects, he e xplained: Once this infras tructure is in place, it will m ake the Bahamas so much more competitive, and the m ore competitive you are, the more the jobs you will create,a nd the more economy activi ty you will generate, which ultimately has a trickle down effect to every Bahamian. The indirect benefits are very large, but you have tog et it in place before people start to appreciate that. Infra s tructure development cant s olve social issues; there are numerous factors involved, but if you dont do anythinga nd ignore infrastructure youre going to start losing business. Mr Townend said private feedback he had received suggested the Bahamas was perceived as stepping ahead oft he pack when it comes to infrastructure development. He added that the LPIA redevelopment and Arawak Cay port probably could noth ave been done, if not in the way they were without a P PP-type structure. Pointing out that Nassaus port and airport were the two main entry points to the Bahamas, with the former used for onward shipping of Family Island-bound goods, Mr Townend said the LPIA structure with the Nassau Airport Development Company (NADp ort Services had brought in p rivate sector management and ring fenced the $409.5 m illion financing from the Governments finances (the Ingraham administration did ultimately kick-in $50 million o f taxpayer funds to get the i nitial round away). As for the Arawak Cay p ort, Mr Townend said the PPP model had not only brought the shipping indust ry together to leave downtown Nassau, but also meantt he Government did not have to put up much money, w hile at the same time retaini ng influence on critical mat ters. They [the Government] own the land, and there area lot of matters the Governm ent has to approve. They managed to undertake an $80 million project by only putting in $20 million of government money, while retaining a lot of influence and not selling the land. That would not haveh appened if not for PPP. Mr Townend, who said his previous estimate of the Bahamas infrastructure needs at $2-$2.1 billiona ppeared to be holding true, said many small island economies had structured previous PPP deals incorrectly or been wary of the mod-e l. As a result, they had either put off critical projects or incurred more public debt that put them further behindt he clock. BUSINESS T HE TRIBUNE MONDAY, SEPTEMBER 5, 2011, PAGE 5B +$ 029(' 7K H /DZRIFHVRI 0HVVUV-RKQVRQ+DVVDQt&R K DVUHORFDWHGWR UOH\DUN$YHQXH RIIKLUOH\WUHHW 1DVVDX7KH%DKDPDV &RUQHURQOHIWDIWHU 6DFUHG+HDUW&DWKROLF&KXUFK WK%XLOGLQJ/HIW $IWHU%XGJHWHQW$&DU 7HOHSK ) FROM page one PPP LOGICAL SOLUTION TO BAHAMAS $2.1 BILLION INFRASTRUCTURE NEEDS
i f the Bahamian economy was to grow at a rate high enough to absorb the 38,000 Bahamians who were either listed as unemployed, or not looking for work, in the Department o f Statistics May 2011 Labour Force survey. Not t o mention the 5,000 school leavers graduating high school every year. I really think that in the financial services sector we need to look at major g ame changer in terms of attracting investors, Mr Winder told Tribune Business. I really think a major game changer would be to a llow foreign lawyers to come in and work on foreign legal matters, not Bahamian legal matters. Their work permits would restrict them to working on US, Chinese or Canadian l egal matters and such l ike. G iven that the ultra high net worth individuals who form the backbone of the Bahamian financial services industrys clients typically rely on a single trusted attorney for advice, allowing these so-called rainmakers or key business drivers to base themselves in this nation could entice their clients to follow them and their assets and live in the Bahamas as their primary domicile. Its a way of attracting i ndividuals of significant w ealth, and it would be to or advantage if we have [ attorneys] like that b ecause theyd be driving p otential clients to our marketplace that would not be attracted otherwise,M r Winder added. There are significant benefits to all of that. Weve got to do a major game changer, because weve been handling regulatory stuff for the last five y ears, and thats not going t o cut it in terms of genera ting employment for the s ector. I t is easy to see why f inancial services, as the Bahamian economys second pillar, should be targeted to generate the g rowth rates the economy needs from both a job creation and public finances perspective. Its spin-off effects into other economic sectors are significant, given that the a verage salaries in the d omestic and offshore b anking segments at $46,22 and $82,142 are well in excess of average per capita income. In short, financial services and related sectors are perceived as containing all the top jobs. Mr Winder, meanwhile, acknowledged questions were likely to be asked as to why foreign accountants should not be allowed to practice from the Bahamas, given the logic of allowing international attorneys to b ase themselves here. H e said, though, that Bahamian accountants w ere already qualified to p ractice internationally, so t here was no need for their foreign counterparts to come here, as they couldn ot provide a service not already catered to. Besides, Mr Winder said: Accountants are not really drivers of this [financial services] business, but lawyers dealing in nonB ahamian matters are driv ers of wealth management i ndividuals. I cannot see us m aking headway and e njoying substantial growth u nless we look at that. Asked about the assertion by the international credit ratings agency, M oodys, that the Bahamas will be unable to grow its way out of its unemployment and $4.3 billion national debt predicament, given that this nation had grown its gross domestic p roduct (GDP c ollective 6 per cent over t he past decade, Mr Winder said he believed it possible for the economy to still generate the necessary expansion rate. I would agree that we are going to need a significant level of growth to make a meaningful reduction in those numbers, the Deloitte & Touche managing partner said. The kind of growth rate we had in the 1990s, 6-7 per cent. While it was not imposs ible for the Bahamian e conomy to achieve that, Mr Winder said that first t he atmosphere has to c hange. By this he meant t hat Bahamians had to overcome their suspicion and mistrust of foreignd irect investment, as the domestic economy would not generate enough growth to accomplish this task. We dont sound like a country that has come to g rips with an appreciation o f how important it is to a ttract capital and investm ent from foreigners, Mr W inder told Tribune Busin ess. There are a lot of Bahamians who believe we need to empower Bahamians to grow out of this problem. But the only way to g row out of this is by having substantial, and signifi cant, foreign investment not from investors build-i ng hotels, but from the s tandpoint of attracting individuals of significant means, who are not relianto n the domestic economy to support themselves, to come and live in the Bahamas. BUSINESS PAGE 6B, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE THE COLLEGE OF THE BAHAMASVisit our website at www.cob.edu.bs 127,&( 6WRFN ,QWHUHVWDWH &HUWLFDWHR 0DWXULW\'DWH \ $PRXQW LQWHQGWRUHTXHVWWKHHJLVWUDUWRLVVXHUHSODFHPHQWFHUWLFDWHV ,IWKHVHFHUWLFDWHVDUHIRXQGSOHDVHZULWHWR 3 1DVVDX%DKDPDV FROM page one GAME CHANGER NOW ESSENTIAL IN FINANCIAL SECTOR Share your news The Tribune wants to hear from people who are making news in their n eighbour hoods. Per haps you are raising funds for a good cause, campaigning f or improvements in the ar e a or have won an awar d. If so, call us on 322-1986 and share your story.
NEW YORK Associated Press THE GOVERNMENT o n Friday sued 17 financ ial firms, including the l argest U.S. banks, for selli ng Fannie Mae and Fredd ie Mac billions of dollars worth of mortgage-backed s ecurities that turned toxic w hen the housing market c ollapsed. Among those targeted by the lawsuits were Bank o f America Corp., Citigroup Inc., JP Morgan Chase & Co., and Goldman Sachs Group Inc. L arge European banks i ncluding The Royal Bank of Scotland, Barclays Bank and Credit Suisse were also sued. The lawsuits were filed by the Federal HousingF inance Agency. It oversees Fannie and Freddie, the two agencies that buy mortgages loans and mortgage securities issued by the lenders. The total price tag for t he mortgage-backed secur ities sold to Fannie and Freddie by the firms n amed in the lawsuits: $ 196 billion. T he government didn't s ay how much it is seeking in damages. It said it wants to have the securities sales canceled and wants to be compensated for lost principal, interest payments asw ell as for attorney fees. The government action is a big blow to the banks, many of which have seen their stock prices fall to levels not seen since the financial crisis in 2008 and 2 009. Until now, the stocks h ave been undermined mostly by unrelated worr ies about the U.S. and E uropean economies. Damaging It is particularly damaging to Bank of America, which bought Countrywide Financial Corp. in 2008 and Merrill Lynch in 2009. All three are being separ ately sued by the government for mortgage-backed security sales totaling $57.5 b illion. A fter Bank of America, J PMorgan Chase was listed in the lawsuits with thes econd-highest total at $33 b illion. Royal Bank of Scotland followed at $30.4 b illion. Bank of America has a lready paid $12.7 billion t his year to settle similar claims. Last month insurer American InternationalG roup Inc. sued the bank for more than $10 billion for allegedly selling it f aulty mortgage investm ents. I n a statement Friday, Bank of America rejected the claims in the govern-m ent's lawsuits. Fannie and Freddie invested heavily in the mortgage-backed securit ies even after their regulator said they didn't have the needed risk-manage-m ent capabilities, the bank said. "Despite this, (Fann ie and Freddie) are now seeking to hold other market participants responsib le for their losses," it said. Bank stocks fell sharply o n Friday as news of the government's lawsuits emerged. Bank of America t umbled 8.3 percent, JP Morgan Chase fell 4.6 perc ent, Citigroup lost 5.3 p ercent, Goldman shed off 4.5 percent and Morgan Stanley's ended down 5.7 percent. R esidential mortgagebacked securities bundled pools of mortgages into c omplex investments. They c ollapsed after the reale state bust and helped fuel the financial crisis in late 2008. Documents The FHFA said the mortgage-backed securities were sold to Fannie a nd Freddie based on docu ments that "contained misstatements and omiss ions of material facts conc erning the quality of the u nderlying mortgage loans, the creditworthiness of the borrowers, and the prac-t ices used to originate such loans." The FHFA filed a similar lawsuit in July against Swiss bank UBS AG, seeking to recoup more than $900 million in losses from mortgage-backed securi t ies. A lso sued Friday were are Ally Financial Inc., for m erly known GMAC L LC, Deutsche Bank AG, F irst Horizon National C orp., General Electric Co., HSBC North America Holdings Inc., MorganS tanley, Nomura Holding America Inc., and Societe Generale. JPMorgan, Goldman, C itigroup and Morgan Stanley declined to comment on the lawsuits. AllyF inancial said in a statement said the government 's "claims are meritless, and the company intends to defend its position a ggressively." A spokeswoman for F irst Horizon said the bank intends to "vigorously defend" itself. K en Thomas, a Miamibased banking consultant a nd economist, said he e xpects the banks to settle soon with the government. "This will be nothing but a distraction to them and t he quicker you settle something like this the better," he said. BUSINESS PAGE 8B, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE FEDS SUE BIG BANKS OVER SALES OF RISKY INVESTMENTS BANK OF AMERICA'S headquarters are shown in Charlotte, N.C. The government has sued the nation's largest banks, along with a handful of other financial institutions and executives, for violating federal ands tate laws in the sale of home mortgage-backed securities. Among the 17 institutions targeted by the lawsuits were Bank of America Corp., Citigroup Inc., JP Morgan Chase & Co., Goldman Sachs. (AP
T HE TRIBUNE MONDAY, SEPTEMBER 5, 2011, PAGE 9B CERNOBBIO, Italy Associated Press B USINESS LEADERSand finance experts gathered in Italy offered a downbeat assessment of the global economy Friday with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market v olatility. The year's events from natural disasters and violent uprisings to fears of debt defaults have not only sent shock waves through the financial world but also caused a slump in confidence among consumers and industry. There is a significant probability of a double-dip recession," pronounced New York University economist Nouriel Roubini, in opening remarks that lived up to his nickname of "Dr. Doom" earned for forecasting a financial crisisy ears before the 2008 crash, even as many reveled in the b oom times. On this occasion Roubini seemed to reflect prevailing sentiment at the annual Ambrosetti Forum on the shores of an overcast Lake Como although some felt that at least the emerging economies and a few countries in northern Europe would do fine. Much of the concern focused on the United States. "The numbers that we've s een recently for the U.S. on manufacturing, on construction, on consumers' sentiment tell me that the odds have gotten much greater that the U.S. is going to continue to decline and that we are going to be in a formal recession before the end of the year," Harvard Univers ity economic professor Martin Feldstein, a member of the President Barack Obama's Economic Recovery Advisory Board, told the Associated Press. Roubini blamed the mostly unexpected events of 2011 the Arab Spring fueling oil p rices, the turmoil in Greece s preading through Europe, the Japanese natural disasters upsetting global supply chains and "significant worries about the U.S. system and the political fight (over the debt ceiling between the Democrats and the Republicans." Because of this series of shocks, he estimated advanced economies had reached a stall speed of around 1 percent annual growth, a figure that is lower than official expectations in many countries. Roubini said that governments and central banks, which have already made multitrillion-dollar stimulus moves, had n o more "bullets." The gathering opened amid growing concerns over a slowdown in manufacturing the main pillar of growth in developed economies in the years since the global financial crisis and about European banks' exposure to sovereign debt. G lobal stock markets slumped Friday after an official report showed the U.S. economy had failed to create new jobs in August, reigniting fears that the world's largest economy may be heading back into recession. "The market is forecasting t wo years of recession," said I talian economy analyst Gianluca Garbi. University of Munich economics professor Hans-Werner Sinn also concurred that economic contraction in much of the rich world was a real danger. Sinn noted that Europe was now firmly on a two-tier track, with Germany and other northern countries doing reasonably well while the south struggled with high unemployment, low growth and crushing debt. He predicted a partial breakup of the euro, with at least Greece finding its way out of the currency union. You've become too expensive," he told a roomful of glum-faced Italians. He noted that a common currency and monetary policy controlled from faraway Frankfurt has made it impossible for slower economies on the southern rim to grow their way out of debt t hrough inflation or stimulate exports through devaluation. "There has to be a real restructuring in Europe, as painful as it is, (and this is too much for Greece it will be too much," Sinn said. "I don't see any possibility for a fruitful solution for Greece i n the euro. It's a pain if they s tay in, it lasts a decade or more." Roubini warned that "if you had a breakup of the monetary union with some of the member states exiting, the consequences will be global and systemic." Session chairman Jacob Frenkel, a former governor of the Bank of Israel who today is chairman of JP Morgan Chase International, said the global economy was torn between the post-2008 stimulus efforts and fears that governments were overextending themselves by building up debt. Min Zhu, a former top Chinese official who in July became deputy director of the International Monetary Fund, offered an outlying glimmer of optimism by suggesting that the negativity ignored the increasingly crucial role of emerging markets like his native country. He predicted emerging markets would still grow at around 6 percent and said it was unlikely even the rich world would see two consecutive quarters of contraction. "This is not a recession," he said. Furthermore, Min said, the emerging world was now accounting, for the first time, for about half the world's output under purchasing price parity which factors in the fact that the same amount of money buys more and therefore means more in developing nations. Since the emerging world also accounts for the majority of global growth, the picture was better than might appear, he argued. Roubini countered that a rich-world recession would drive down demand regardless. "The slack in the goods markets, the slack in the labor markets, and the slack in the housing and real estate markets is going to become worse, and if that recession were to occur you would have a collapse in the demand for commodities in spite of the strong role of emerging markets," Roubini said. Frenkel, a former governor of the Bank of Israel, invoked the famous maxim that "a pessimist is an optimist with experience." "I guess my colleagues have a lot of experience," he said. EXPERTS DOWNBEAT ON GLOBAL ECONOMY ECONOMIST Nouriel Roubini speaks at the Intelligence on the World, Europe, and Italy economic forum, at Villa d'Este, in Cernobbio, Como Lake, Italy, Friday. Finance ministers, bankers and economics debate the world's problems at private sessions on the first of a three-day annual forum at this Lake Como resort. (AP SEVERALPREDICTINGANOTHERRECESSION
T T H H E E S S T T O O R R I I E E S S B B E E H H I I N N D D T T H H E E N N E E W W S S M M O O N N D D A A Y Y , S S E E P P T T E E M M B B E E R R 5 5 , 2 2 0 0 1 1 1 1 By PACO NUNEZ Tribune News Editor I n the poorest countries cursed with mosquitobourne diseases, the only response available to authorities is often the cheapest and least effective. It involves driving about in trucks spewing clouds of toxic gas into the atmosphere. Luckily, Bahamians don't have to worry about being condemned by poverty to futile efforts in the face of a serious public health concern. Rough economic times aside, this is a fairly advanced society by global standards with a high per capita income and a very respectable life expectancy. We might not be first world, but we aren't really third world either. The life and health of every citizen matters here. Only you couldn't tell that from the government's response to the dengue fever "outbreak" in New Providence. One look at the image that accompanies this article really says it all. T T H H E E P P R R O O B B L L E E M M W W I I T T H H F F O O G G G G I I N N G G The aim is to kill as many adult mosquitos as possible, but it turns out this is not very productive because the mature population isn't the real threat the unhatched eggs are. One adult female can lay hun dreds in the span of a few weeks, so each new generation has the potential to become an much larger pestilential hoard than the last. The general acceptance that on its own, fogging is inadequate has led to the development of a number of alternative methods. In addition to "adulticiding", some have decided to use larvacide, which attacks the eggs directly. One new version, known as BTI, was used to great effect last year in Key West in response to an outbreak there. According to the Florida Keys Mosquito Control website, BTI "is an eco-friendly, non-toxic larvicide released from a helicopter, penetrating the foliage and targeting the mosquito larvae around homes. The micron-sized larvicide droplets fall into gutters, cisterns, abandonedswimming pools, wells, plant trivets, garbage cans, bromeliads, buckets and other problem areas." Since the start of 2011, the website notes "the Florida Keys and Key West has not seen any new cases of dengue. Another method is known as bio control: the introduction of natural mosquito predators. In some countries, fish that eat mosquito larvae like guppies and minnows have been used in fresh water lakes and ponds; others have introduced drag onflies, which eat adult mosquitos. There is also a new device that produces carbon dioxide and emits certain chemicals that attract mosquitos, then sucks them when they get near. A A N N I I N N T T E E G G R R A A T T E E D D A A P P P P R R O O A A C C H H At the same time, fogging has its place, but only as part of an inte grated approach which, according to the World Health Organisation, should have five aspects: A public education campaign and the creation of appropriate legislation; Collaboration between health officials and other public and private sectors; An approach to disease control that maximizes the use of resources; A decision making process based on evidence to make sure interventions hit the mark; Capacity building to ensure that an adequate response is possible in future; So, lets see how the local response stacks up. The government has held town meetings, but even its own officials allegedly don't believe these are working, and there has been no talk of new laws. Nor has there been talk of government working with private pest control companies, although reports have reached The Tribune of some communities taking matters into their own hands and calling an exterminator, so disillusioned were they with the government's efforts. I suppose fogging counts as "disease control", but are we really maximizing the use of resources by sending up clouds of fog indiscrim inately? I say indiscriminately, because we've heard nothing about efforts to monitor the mosquito population, even though experts believe this is an essential step in launching a targeted response. An evidence-based approach would presumably also involve understanding how bad the out break is and where it has hit the worst. But that ship sailed the second health officials began telling people to treat the symptoms at home unless absolutely necessary. We will never know how many cases of dengue there were this sum mer. And as far as capacity building goes, officials would first have to admit that there was something wrong with their response this time around. O O T T H H E E R R P P R R O O B B L L E E M M S S First of all, it makes no sense to keep the public in the dark when it comes to a public health crisis. All it does in breed panic and mistrust. Yet more than a month and a half into this outbreak, the public A thir d world r esponse to the dengue outbreak FOGGING: The aim is to kill as many adult mosquitos as possible, but it turns out this is not very productive because the mature population isn't the real threat the unhatched eggs are. S S E E E E p p a a g g e e 1 1 0 0
INSIGHT PAGE 10B, MONDAY, SEPTEMBER 5, 2011 THE TRIBUNE knows nothing about how bad it is or when things are going to get better. Requests from the media for information on the first reported cases were turned down in favour of a press conference 24 hours later, causing who knows how many unsuspecting people to contract dengue in the inter im. Nor is it wise to stick stubbornly to a position if evidence to the contrary is easily available. When asked by reporters if the government is handling the situation well, doctors not employed by the Ministry of Health react with anger. A few actually burst out laughing. One doctor said she alone has dealt with 60 cases a day, every day since the outbreak began, and is still inundated. But we don't really need to seek the opinion of medical experts to see the truth of the matter the evidence is right in front of us. I have emptied all containers capable of holding water near my house, but there's a flooded construction site across the street that I can do nothing about, so the area is still teeming with mosquitos. And while the government has tried to inform people like my neighbours about the dangers of standing water, they don't appear to be listening. Crime is another problem for which, we are always being told, the solution ultimately lies with the public, but that doesn't mean we have no need for a police force. Why not empower Environmental Health inspectors to visit any and all properties in high risk areas to ensure all containers have been emptied? They could also get to work cleaning up their own mess, and draining the standing water at a hundred public sites like Eastern Parade, which one Tribune reader described as "boiling with mosquitos." And, what good will it do to upend a few flower pots if you live near a "dengue fac tory" like the one The Tribune identified on East Bay Street, where the stagnant swimming pool is a gravid mosquito's dream. The Department of Envi ronmental Health (DEH asked the public to bring such cases to its attention, yet a full week after The Tribune did so, nothing had changed. And then there's the garbage. Trash attracts mosquitos and if left for too long, collects water in which they can breed. But it seems the sanitary workers of DEH must have been needed to drive the fogging trucks, because garbage has sat uncollected for weeks in some areas. Again, I need only look at the pile of trash outside my gate. Also, how do they know how much to spray or how often when the government has failed to keep tabs on the size of the mosquito population for which there are a number of established meth ods. P P E E R R C C E E P P T T I I O O N N I I S S E E V V E E R R Y Y T T H H I I N N G G Of course, it is possible I'm not doing the government's dengue fighting efforts justice they may be larvaciding, drafting laws and ordering mosquito-eating fish as I write but if so, its news to me. And that really is the point: whatever the truth of the situation, the public is left with the impression that no one is taking it seriously; at least not as seriously as we would like them to. Fogging Even the fogging trucks, ineffectual as they are, seem to be invisible.I told a senior official recently that if it were me, I would have those fogging trucks driving around Nassau day and night, regard less of what time mosquitos are active, equipped with a siren, flashing lights and a neon sign that reads "FOGGING TRUCK". Trust, confidence in your response, belief in your ability to handle things is what the government should be after. In fact, I find it astonishing that the FNM hasn't grasped what kind of damage this situation could do to them politically. One voter told me over the weekend: "I am an FNM sup porter. However, for the first time I am doubting my support. "Over the past six weeks, the way that my government and the respective ministers involved have handled or should I say not handled the dengue fever outbreak/epidemic has left me speechless, frustrated and extremely scared for the safety of my family. "They need to acknowl edge and admit defeat, that their current fogging/spray ing is completely ineffective and we need to bring in outside help to combat this devastating epidemic. "I have spoken with many other FNM supporters and they too are sharing the same sentiments. This upcoming election will be theirs to lose if they dont wake up and see whats happening on this island." Another FMN supporter said: "I don't feel safe at all. I don't feel like anyone in authority really cares. Maybe they will when it hits their family. "But now I have to question the way I look at politics in this country. I always thought the FNM was the compassionate party, even though the PLP pretends to be. This dengue made me realise that at the end of the day, neither is really looking out for me. Maybe we have to try a new alternative." If it were me in the hot seat, I'd be ordering heli copters, killer fish, and whatever else I could get my hands on. W W h h a a t t d d o o y y o o u u t t h h i i n n k k ? ? p p n n u u n n e e z z @ @ t t r r i i b b u u n n e e m m e e d d i i a a . n n e e t t A THIRD W ORLD RESPONSE TO THE DENGUE OUTBREAK F F R R O O M M p p a a g g e e 1 1 2 2 By MARK STEVENSON Associated Press MEXICO CITY (AP Think before you tweet. A former teacher turned r adio commentator and a math tutor who lives with his mother sit in a prison in southern Mexico, facing possible 30-year sentences for terrorism and sabotage in what may be the most serious charges ever brought against anyone using a Twitter social network account. Prosecutors say the defendants helped cause a chaos of car crashes and panic asp arents in the Gulf Coast city of Veracruz rushed to save their children because of false reports that gunmen were attacking schools. Gerardo Buganza, interior secretary for Veracruz s tate, compared the panic to that caused by Orson Welles' 1938 radio broadcast of "The War of the Worlds." But he s aid the fear roused by that account of a Martian invasion of New Jersey "was small compared to what hap p ened here." "Here, there were 26 car accidents, or people left their cars in the middle of the streets to run and pick up their children, because they thought these things were occurring at their kids' schools," Buganza told localr eporters. The charges say the mes sages caused such panic that emergency numbers "totally collapsed because people were terrified," damaging service for real emergencies. Veracruz, the state's l argest city, and the neighbouring suburb of Boca delR io were already on edge after weeks of gunbattles involving drug traffickers. One attack occurred on a major boulevard. In another, gunmen tossed a grenade outside the city aquarium, killing an tourist and seriously wounding his wife and their two young children. On August 25, nerves were further frayed when residents saw armed convoys of marines circulating on the streets, making some think a confrontation with gangs was imminent. That is when Gilberto Martinez Vera, who works as a low-paid tutor at several private schools, allegedly opened the floodgates of fear with repeated messages thatg unmen were taking children from schools. My sister-in-law just called me all upset, they justk idnapped five children from the school," Martinez tweeted. In fact, no such kidnap pings occurred that day. Defense lawyer Claribel Guevara said the rumours already had started and that Martinez Vera was just relaying what others told him. She said he never claimed to have firsthand knowledge of the incident. But in a subsequent tweet about the kidnap rumor, he said, "I don't know what time it happened, but it's true." He also tweeted that three days earlier, "they mowed down six kids between 13 and 15 in the Hidalgo neighbourhood." While a similar attack occurred, it didn't involve children. Prosecutors say the rumors were also sent by Maria deJ esus Bravo Pagola, who has worked as a teacher, a state a rts official and a radio commentator. She says she wasj ust relaying such messages to her own Twitter followers. "How can they possibly do this to me, for re-tweeting a message? I mean, it's 140 characters. It's not logical,'" said Guevara, quoting her client. Better known on the radio and social networks as "Maruchi," her Facebook site now features the Twitter logo, a little bluebird, blind folded and standing in front of the scales of justice, with the slogan "I too am a TwitTerrorist." Online petitions are circulating to demand her release, and the pair's cause has been taken up by human rights groups that call the charges exaggerated. Amnesty International says officials are vio lating freedom of expression a nd it blames the panic on the uncertainty many Mexic ans feel amid a drug war in which more than 35,000 peo-p le have died over the past five years. "The lack of safety creates an atmosphere of mistrust in which rumours that circulate on social networks are part of people's efforts to protect themselves, since there is very little trustworthy information," Amnesty wrote in a statement on the case. In violence-wracked cities in the northern state of Tamaulipas, citizens and even authorities have used Twitter and Facebook to warn one another about shootouts. Anita Vera, Martinez Vera's 71-year-old mother, said her 48-year-old son still lives at her house with his girl friend. She said he told her that had posted his messages after the panic had already started. He told me "Mom, I didn't start any of this, I just t ransmitted what I was told,'" Vera Martellis said after vis-i ting her son in prison. "He used the computer, but I swear that my son never wanted to do anybody harm, or start a revolution, like they say he did," said Vera, who ekes out a living selling flowers. Raul Trejo, an expert on media and violence at the National Autonomous University of Mexico, said the terrorism charge is unwar ranted, but described the case as "a very incautious use of Twitter." H e noted that in Mexico, "Twitter has been used by drug traffickers to create panic with false warnings." In o ne case, a wave of messages about impending violence shut down schools, bars and restaurants in the central city o f Cuernavaca last year. Trejo said Twitter users must learn "not to believe everything, and simply take the Twitter messages as an indication that some (report is making the rounds." But the real problem appears to be that governments cannot prevent drug cartel violence or even accurately inform citizens about it. Local news media are often so battered by kidnappings and killings of reporters that, in many states, they are loath to report about it. "These Twitter users had accounts with a few hundred followers," Trejo noted. "If t hese lies grew, it is not so much because they propagated them, but because in Veracruz as in most of the rest of the country, there is such a lack of public safety that the public is inclined tob elieve unconfirmed acts of v iolence ... The government doesn't make clear what is happening." Defense attorneys also say their clients were held incomm unicado for almost three days, unable to see a lawyer. I t appears one of the most serious sets of charges everb rought for sending or resending Twitter messages. Tweeter Paul Chambers was fined 385 pounds and ordered to pay 2,000 pounds ($3,225 last year for tweeting that if northern England's Robin Hood Airport didn't reopen in time for his flight, "I'm blowing the airport sky high!!" Venezuelan authorities last year charged two people with spreading false information about the country's banking system using Twitter and urg-i ng people to pull money out of banks. They could serve n ine to 11 years in prison if convicted. TWO MEXICANS DENY TERRORISM, FACE 30 YEARS IN PRISON FOR TWEET THINK before you tweet.
B y BRENT STUBBS Senior Sports Reporter b email@example.com DAEGU, South Korea So many strange things have happened to Team Bahamas that when Anthonique Strachan fell after getting the second exchange from Nivea Smith, the only thing that came to mind was "not another one." Strachan, running on the third leg, managed to get up and still got the baton to Debbie Ferguson-McKenzie, who at first was walking off the track in the colourful Daegu Stadium. But once she saw Strachan coming, she got back in her lane and took the baton home. The time posted was 50.62 seconds for the team that had Sheniqua 'Q' Smith on the pop-off leg. But the Bahamas was out of place for returning to the final where they were hoping to at least match or surpass the silver medal feat in 2009 at the last championships in Berlin, Germany. Strachan briefly tried to explain exactly what happened before she had to seek medical attention for the bruises. "I can't really explain. I think I slowed up a bit in the front of Nivea. It was a stupid mistake that I made," Strachan said. "I tripped." Smith said she noticed how Strachan "slipped in the front of me andI tripped her down." Chalk it up to a "learning experi ence" for Smith, who admitted that "you win some and you lose some." A similar thing happened in the men's 4 x 100 relay as Darvin Patton slipped and fell trying to catch Walter Dix on the anchor leg and the United States wasn't able to complete the race that saw Usain Bolt anchor the Jamaican team, led by 100 champion Yohan Blake, to a world-record time of 37.04. While France got the silver in a season's best of 38.20, St Kitts and Nevis came through with the bronze in 38.49. Trinidad & Tobago was a disappointing sixth in 39.01. Unlike the disgrace the Bahamas suffered when the coaching staff opted not to use a stronger quartet for the heats of the men's 4 x 400 relay and the team of Ramon Miller, Avard Moncur, Andrae Williams and LaToy Williams didn't advance, the Bahamas' best quartet ran in the heats of the women's 4 x 100 relay. Cache Armbrister and long jumper Bianca Stuart were kept back in reserve. "On paper we had a good squad and we tried to go out there and our first goal was to try to make it to the final," said Ferguson-McKenzie, noting that they were all extremely disappointed with the end result. "I saw when Q got off and then I saw the exchange between Q and Nivea and I got down. "I only heard when the crowd went ah and I was looking back to see if Anthonique was coming and I T HETRIBUNE SECTIONE MONDAY, SEPTEMBER 5, 2011 $JHQWVt%URNHUVf/WG0$56+&RUUHVSRQGHQW 13th IAAF World Championships 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 . . . JAMAICA SETS WORLD RECORD IN 4X100 RELAY LEEVAN SANDS FALLS SHORT IN THE TRIPLE JUMP FINAL PHOTO HIGHLIGHTS OF TEAM BAHAMAS IN DAEGU US OPEN: NADAL FEELS THE PAIN AFTER WIN OVER NALBANDIAN MENEZES GIVES RONALDINHO WORLD CUP HOPE T T U U R R N N T T O O 5 5 E E . T T U U R R N N T T O O 7 7 E E . . . Anthonique tripped in 4x100 prelims TRIPPED UP: Anthonique Strachan trips after getting the baton from Nivea Smith in the 4x100m relay heat Sunday. (AP S S E E E E p p a a g g e e 3 3 E E
SPORTS PAGE 2E, MONDAY, SEPTEMBER 5, 2011 TRIBUNE SPORTS 13th IAAF World Championships LIGHTNING BOLT ANCHORS JAMAICA TO WORLD RECORD IN 4X100 RELAY By RAF CASERT AP Sports Writer DAEGU, South Korea (AP governing body has no plans to change its stringent false-start rule for next year's London Olympics despite the dis qualification of Usain Bolt in the 100 meters at the world championships. IAAF President Lamine Diack said no one at his group's meeting Sunday asked for the rule to be reconsidered. Following Bolt's disqualification on August 28, critics called the zero-tol erance false-start regula tion of "one error and you are out" cruel and counterproductive since it eliminated the sport's only superstar from its marquee event. "We will not come back to the issue of the false start," Diack said. "Bolt had a false start, but that is not going to make us change." Many, including Jamaican officials, wanted the IAAF Council to reconsider the rule to avoid having a similar issue next year in London. Bolt himself called it a learning experience and did not demand a change. "I'm not going to say it should be changed," he said after winning the 200 late Saturday. "It has taught me a lesson, focus and stay in blocks. My coach has been telling me this for months. The guy with the gun gives the command and we should listen and not antic ipate the gun and I've learned from that and wish to move on from that." Diack pointed out that Bolt was on his side of the debate and insisted the current system was the best available option. Until 2003, the rule allowed every runner a second chance. But too many false starts delayed the schedule of events. At first it was tightened to allow just one false start per race in sprints. But cer tain sprinters deliberately false started to put every one on guard. And then last year, the IAAF tightened the rule to the extreme and pun ished every false start with disqualification. Bolt was not the only high-profile casualty. Dwain Chambers also was eliminated in the 100 and Olympic 400 champion Christine Ohuruogu falsestarted in the heats. IAAF to stick with false start rule By RAF CASERT AP Sports Writer DAEGU, South Korea (AP week, Usain Bolt turned the biggest disappointment of his career into another golden show capped with a world record even he believed was not within him this year. After opening with a false start in 100 final last Sunday, Usain Bolt again produced the amazing in his closing race of the world championships anchoring Jamaica to a world record in the 4x100meter relay. When the first three runners passed the baton, Bolt seized the moment. "I said, 'Why not give my a ll.' I kept saying: 'I can do this. I can do this,'" he said. And when Bolt is convinced, the clock usually obliges. Fittingly, Jamaica's yellowgreen-and-black flag was the last one rising into the night over Daegu Stadium, and Bolt spread his giant arms wide to soak in the occasion. "For me, it was just to go out there fast," Bolt said. "We did just that." One day after winning gold in the 200, Bolt was devastating down the home stretch of the relay and threw his yellow-clad chest across the line for a time of 37.04 seconds the only world record in nine days of competition. "This record was a great achievement," Bolt said. "I finished the championships on a good note so I'm proud of myself." There was none of the per formance anxiety that pushed him into a false start in the 100, only a sheer release of power as he coasted down the stretch for an overwhelming win over France and Saint Kitts and Nevis. He came looking for the same three gold medals he won at the 2008 Beijing Olympics and 2009 world championships but left with only two and a world record. The United States was out of it because of a botched exchange, but no one could have gotten close to a Jamaican team anchored by Bolt. Ahead of the race, Bolt was already slapping the "JAM" on his bib in pride, and in a season where he was far from his best, he came through with a world record. He got all the help he needed from his three teammates a lightning start from Nes ta Carter and a good handover to Michael Frater before Jamaica's golden duo was up. Yohan Blake, the 100 champion in Bolt's absence, powered through the final bend, with Bolt already getting his giant stride going before he took the baton. Even Carter had no idea the team could do it. "We weren't really going out to break the world record," he said. Without the injured Asafa Powell, Bolt anchored the team for the first time in a major competition since he took the world by storm at the Beijing Olympics three years ago. Running with the determination of a record beater, he gritted his teeth over the final meters, crossed the line and threw the glittering purple baton high in the air once he realized the team's three-yearold record of 37.10 was gone. All through the year, Bolt had said that times were not his priority and he never came close to his record best until Sunday. After he saw Blake speeding toward him, he suddenly realized he could start dreaming about a record again. "When I saw the first three legs, I said, 'Anything is possible,' Bolt said. "I ran my ultimate best." Seconds later, the showman took over again. He started dancing to the delight of the 45,000 crowd at Daegu Stadium, which had to wait until the last second to finally see a world record. In the blur of Bolt's speed and antics, it was almost overlooked that Blake also left with two gold medals and a world record. On a final day of seven finals, one silver medal also stood out. Caster Semenya failed to defend her 800 title, faltering late down the finishing straight to allow Mariya Savi nova of Russia get the gold. Silver, however, was better than many expected as the South African showed glimpses of her powerful running that made her the dominating athlete over the distance two years ago, before a gender controversy sidelined her for a year. "I achieved what I wanted, which was to get back to the podium," the 20-year-old Semenya said. "I don't talk about the past. I'm still young and I have to focus on the future." Allyson Felix added another gold to bring her collection of titles to a women's record eight over four championships. The American ran the second leg of the winning 4x100 relay, one day after get ting gold in the 4x400, too. With Christian Taylor winning the triple jump, it left the United States at the top of medal standings with 12 gold and 25 overall. Tatyana Lysenko won the women's hammer throw, putting Russia in second place of the standings with nine gold and 19 medals overall. Britain got some good news ahead of next year's London Olympics, with Mo Farah holding off Bernard Lagat of the US to win the men's 5,000. Farah also won silver in the 10,000 last weekend. It was about the only middle and long distance race that went wrong for Kenya. From the starting gun to Sunday's last day, Kenya dominated. On Sunday morning, Abel Kirui led teammate Vincent Kipruto to yet another 1-2 finish in the men's marathon. The defending champion won by the biggest margin in championship history, and after finishing the race in 2:07:38, he had to wait 2:28 to welcome Kipruto in a sweaty embrace. It left Kenya with seven gold and 17 medals overall for third place in the standings. "This is history," Kirui said. "It is also good (for try. It is good for my family. It is great." BATON THROW: Jamaica's Usain Bolt throws the baton into the air as he crosses the finish line to win the 4x100 relay final and break a world record at the World Athletics Championships on September 4. F ANTASTIC FOUR: S hown (l-r new world record in the 4x100 relay at the World Athletics Championships in Daegu, South Korea, on Sunday. (AP Photos
didn't see her. In a long time, we haven't had that experience. So I walked off the track. They called it the walk of shame, even though I'm proud of the girls. We didnt come out here to lose. In the end, Anthonique came around, I got the stick and I took it home. If anything, we finished." The Bahamas finished well out of the race for a spot in the final as the US, without double medallists Allyson Felix and Carmelita Jeter, went on to post the worldleading time of 41.94. Nigeria came through as the second automatic qualifier in the heat. In the absence of the Bahamas from the final for the second consecutive year, it was a two-country race that saw the US, with Felix on second and Jeter on anchor, low er their world leading time to 41.56 for the gold over Jamaica, whose team of Shelly-Ann Fraser-Pryce on lead and Veronica CampbellBrown on anchor had to settle for the silver. But they set a national record of 41.70. Ukraine picked up the bronze with a season's best of 42.51. With all of the women on the Bahamian team running individual events, FergusonMcKenzie, who went as faras the 200 final, said they didn't have the luxury of training together that much as a team and that may have affected their performances. So did the inexperience of the younger competitors Nivea Smith and Anthonique Strachan in their debut at the biggest global meet. "We will live and learn," said Ferguson-McKenzie, clearly remembering how she had to go down the same road when she first started competing with now retired golden girls Pauline Davis-Thompson, Chandra Sturrup, Sevatheda Fynes and Eldece Clarke. "We just have to be strong and come back tougher for next year." Sheniqua Ferguson said it was a tough loss but nobody could have predicted what happened on the track. "Everything goes wrong at times, so we just have to look forward to next year," she said. "Next year is a bigger year and everybody should be at their best. So next year, we should come out with what we came here for and didn't get this year. So I feel good about next year." After watching the drama unfold, Ferguson-McKenzie said her only instinct was whether or not her teammates were okay. "I know at times, somebody could have stepped on Anthonique's heels and she could have torn her Achilles, so right then, the only thing that was going through my mind was that she was okay and everybody was still healthy," she said. "I'm glad that they are only left with a couple cherries and bruises and stuff that will heal in no time." Bahamas tied 33rd overall in the medal standings SPORTS TRIBUNE SPORTS MONDAY, SEPTEMBER 5, 2011, PAGE 3E 13th IAAF World Championships F F I I N N A A L L P P O O S S I I T T I I O O N N B B A A H H A A M M A A S S 3 3 3 3 r r d d O O V V E E R R A A L L L L DAEGU, South Korea The lone medal won by Trevor Barry in the men's high jump placed the Bahamas tied with Belgium, Spain, Islamic Republic of Iram, Italy, Latvia, Slovenia, Trinidad & Tobago and Zimbabwe for 33rd overall in the medal standings at the end of the nine days of competition at the IAAF World Championships in Athletics. The United States of America finished on top of the chart with 12 gold, eight silver and five bronze for a t otal of 25 medals. R ussia was second with 19 m edals, nipping out third place Kenya with 17. Jamaica was fourth with nine and Germany got fifth with seven, the same as Great Britain. However, in the placing table, the Bahamas is all alone at No. 31 with one third for six points, one sixth for three points and seventh for two points. The USA topped the list with 251 points, followed by Russia with 201, Kenya with 174, Jamaica with 101 and Germany rounding out the top five with 83. C C L L O O S S I I N N G G C C E E R R E E M M O O N N I I E E S S E E N N D D T T O O C C H H A A M M P P I I O O N N S S H H I I P P S S The 13th IAAF World Championships in Athletics came to a grand close last night at the colourful Daegu Stadium. Just like the opening ceremonies on Saturday, August 27, the closing ceremony was a spectacular one. Unlike the opening cere monies, which didn't allow any athletes to participate in a march pass, athletes were afforded the opportunity to appear on the field. The 14th IAAF Worlds is scheduled to be held in Moscow, Russia, in 2013. C C O O R R R R E E C C T T I I O O N N W W R R O O N N G G A A G G E E VETERAN sprinter Deb bie Ferguson-McKenzie is 35 years old and not 37 as posted in The Tribune on Saturday. The Tribune apologises to Ferguson-McKenzie for the error. By BRENT STUBBS Senior Sports Reporter firstname.lastname@example.org DAEGU, South Korea Leevan Superman Sands was apologetic that he couldn't fly through the competition in the men's triple jump a nd win a medal at the 13th IAAF World Championships. After taking just one jump to advance to the final, Sands had predicted that in order for him to get another medal at the biggest global track and field meet, he would have to surpass his national record of 17.59 metres or 57-feet, 8 1/2inches, which he achieved at the 2008 Olympic Games in Beijing, China. In the latter meet, he s ecured the Bahamas' first medal at the greatest sporting event in the world. C ompeting with a patch of band-aid on his left leg and the numbers 242 tattooed under his right arm, Sands s lowly progressed round by round, but his season's best performance of 17.21m (565 3/4) on his fifth attempt was o nly good enough for seventh place. "Everybody was jumping good. I felt like I was coming along good and on my fifth jump, I felt it before I started to run," said Sands, holding his right leg and trying to rub out the slight cramp he suffered when he landed in the pit. "My calf started to cramp up on me." Despite the injury, it turned out to be his best effort. He had one more chance to climb up the ladder, but his goal of getting another medal slipped again when he only reached 16.59m (54-5 1/4 c ould only reflect on the d rought that he's going t hrough since winning the bronze in 2003 in Paris, France. "I was a little disappointed because I was ready to go," he said. "I tried to go on the last one, but I couldn't go because I was still feeling the cramp in my calf," he stated. "Both calves were cramping up." Sands, the bronze medal list in the 2009 championships in Osaka, Japan, watched as American Christian Taylor posted a world leading mark of 17.96m (58-11 1/4 fourth attempt to snatch the lead from defending champion Phillips Idowu of Great Britain. The best that Phillips could muster was a season's best of 17.77m (58-3 3/4 fourth jump for the silverb ehind Taylor. Another American, Will Claye got the bronze with hisp ersonal best leap of 17.50m (57-5 a fter scratching the first two. "Christian Taylor made an awesome job. He came out of college and jumped 17.96 (58-11 1/4 jump far. Phillips is always a consistent jumper. I knewt hat I would have to PR today, but it didn't happen. I just want to thank God that I got through it today and I want to apologise to the Bahamian people that I didn't bring home the medal this time. Maybe next time. I did my best," said Sands. The 30-year-old national record holder said he felt that he could have brought home a medal. "It just happens that I got a cramp on my fifth jump. It w ould have been no telling if I didn't feel it. It would have b een a further jump," he said. "But I still finished the jump and I got seventh place." When Taylor put up the world leading mark to take the lead for good from Phillips, Sands knew that he was still in contention for a medal. "When people do a big jump, I always try to go for it," he said. "It doesnt do anything to me. I always remain calm. I try to focus on the crowd to get me hyped." This time, the hype just wasn't there. For his efforts, Sands will earn a pay cheque of $5,000 f rom the IAAF. He will also collect another $5,000 from the Bahamas Government as an incentive for making it to t he final at the World Champ ionships or the Olympic Games. Not bad for a seventh place finish. SUPERMAN FALLS SHORT IN TRIPLE JUMP FINAL Leevan Sands ends up seventh overall SEASONS BEST: Leevan Sands competes in the triple jump final at the 13th IAAF Worlds in Daegu, South Korea. His season's best leap of 17.21m (56-5 3/4 ANTHONIQUE TRIPS IN 4X100 PRELIMS F F R R O O M M p p a a g g e e 1 1 E E TRIPPED UP: Anthonique Strachan trips after getting the baton from Nivea Smith. (AP 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
SPORTS PAGE 4E, MONDAY, SEPTEMBER 5, 2011 TRIBUNE SPORTS 13th IAAF World Championships ANTHONIQUE TRIPPED IN 4X100 PRELIMS RELAY HORROR: Shown (l-r TRIPPED UP: Anthonique Strachan (bottom and Nivea Smith (right ( AP Photos)