N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Volume: 107 No.234THURSDAY, SEPTEMBER 8, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER CLOUDS ANDSUN HIGH 91F LOW 78F B y SANCHESKA BROWN THIS is the mother and h er young daughter whose lifeless bodies were found floating in the harbour. A nd the mystery of their deaths deepened yesterday as police admitted they still have no idea how they died. T he bodies of Amanda S eymour Burrows, 32, and her pyjama-clad five-yearold daughter Kaysha Burrows were pulled from waters behind Elizabeth on Bay Plaza around 7.30am on Tuesday. There were no visible injuries on either of the victims, and police do not have an official cause of death.H owever, a source in the f orce said they were considering the possibility of murder. When asked to confirm this, senior officers said nothing is being ruled out and admitted there are some missing pieces in the case. TRY OUR McFLURRY SNICKERS The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM Police baffled over deaths Myster y deepens o ver tragic mom and daughter N N O O B B O O D D Y Y B B U U T T N N O O B B O O D D Y Y B B E E A A T T S S T T H H E E T T R R I I B B U U N N E E I I N N S S I I D D E E T T O O D D A A Y Y T T H H I I S S F F R R I I D D A A Y Y : : P P R R E E P P A A R R E E F F O O R R T T H H E E N N E E W W S S E E A A S S O O N N W W I I T T H H Y Y O O U U R R N N F F L L P P R R E E V V I I E E W W S S U U P P P P L L E E M M E E N N T T YOURWEEKENDS ARE ABOUT TO CHANGE FOREVER T HERES a new newspaper coming to t own ... and its about to change your weeke nd reading habits forever. The Tribune is bringing you an entirely new concept in newspaper design and content. W hile the snoozepapers of this country want to put you to sleep Monday to Saturday, our newspaper is here to inform and entertain you. W eve also teamed up with some of the biggest SEE page 10 SEE page 10 AS we track the path of Tropical Storm Maria, Tribune readers can expect the same groundbreaking coverage as pro vided by tribune242.com during Hurricane Irene. Tropical Storm Maria formed in the Atlantic yesterday, becoming the 13th named storm in the 2011 hurricane season. The system does not pose a threat to the Bahamas at this time, but meteorologists are continuing to monitor its development. When Irene struck, other newspapers went the conventional route of publishing in the aftermath of the storm, but TheTriBy SANCHESKA BROWN DESPITE his announcement through social networks and other media avenues, it appears that DNA member Rodney Moncur may have jumped the gun on proclaiming his candidacy for Bain and Grants Town. While not dismissing the idea that Mr Moncur may indeed be the partys representative for Bain and Grants Town, party officials say no one has been officially nominated for that area. The Tribune spoke with Mr Moncur yesterday who said he received a letter of nomi nation from the DNA, allowTRIBUNE TRA CKS TROPICAL STORM MARIA SEE page 11 SEE page 10 RODNEY MONCUR MAY HAVE BEEN PREMATURE ON DNA CANDIDACY By DENISE MAYCOCK Tribune Freeport Reporter email@example.com FREEPORT The rape trial of Freeport clergyman Albert Whylly got underway in the Supreme Court on Wednesday with emotional testimony coming from the nine-year-old victim who identified the accused in court as her uncle. Wiping tears from her face, the victim described in detail what she said her uncle had done to her. She also testified that her Uncle Whylly told her not to tell anyone what he had done and kissed her on her lips. She CLER G YMAN A CCUSED OF THE RAPE OF NINE-YEAR-OLD GIRL SEE page 10 By AVA TURNQUEST Tribune Staff Reporter firstname.lastname@example.org THE number of dengue fever-like cases are predominately from eastern and southeastern communities, according to health statistics, which are also showing a slow decline. Ministry of Health officials estimate that the number of cases going to health care facilities will top 4,000 by the end of this week; last weeks count stood at 3,300. SEE page 11 MOS T DENGUE FEVER-LIKE C ASES FROM EASTERN, SOUTHEASTERN COMMUNITIES R IGHT: A manda Seymour Burrows, 32, and her five-year-old daughter Kaysha Burrows. ABOVE: Police at the scene on Tuesday after the bodies of the mother and d aughter were found in Prince G eorge Wharf Harbour. NASSAU B R E A K I N G N E W S
LOCAL NEWS PAGE 6, THURSDAY, SEPTEMBER 8, 2011 THE TRIBUNE By DENISE MAYCOCK Tribune Freeport R eporter dmaycock@ tribunemedia.net F REEPORT Sky Bahamas presented school s upplies and backpacks to f our primary schools, and made a separate cheque d onation to the Grand Bahama Regatta Committee on Tuesday. Peter Turnquest, chairman of Sky Bahamas, andK enneth Romer, chief operating officer, made the p resentation at the Foster B Pestaina Centre. Accepting on behalf of t heir respective schools were Barbara Thompson, p rincipal of Freeport Primary; Mildred Roberts, principal of Maurice M oore Primary; Victoria Wright, principal of HughC ampbell Primary, and m usic teacher Erica Weir of Walter Parker Primary. Harold McPhee, Grand Bahama Regatta chairman,a lso received much needed funds to assist with plans f or this years regatta from S eptember 15-18. M r Romer said that Sky Bahamas is committed tog iving back to the commun ity and has given more than $250,000 in cash and a ir travel donations in the past two years. Privilege One of the things we a re passionate about is not j ust superior service and a culture of safety, but we are always mindful of giving back to communities we have had the privilege of serving, and this is just one of many stops we are m aking, he said. In the aftermath of Hurricane Irene, Mr Romer s aid Sky Bahamas immed iately dispatched an airc raft with supplies and goods to Cat Island. Additionally, he said the a irline is committed to education and has adopt ed six schools as well as an orphanage in Cat Island. Our schools will always g et our support; we are e yeing the Grand Bahama c ommunity and hoping to announce soon the officiala doption of primary s chools in the Freeport area, Mr Romer said. I n an effort to promote literacy, he said they intend to support the read-i ng programme in all schools by presenting f unds to go specifically towards the initiative. Chairman of Sky B ahamas Mr Turnquest s tressed that being a good c orporate citizen is important. It is not only the right thing but the moral thing to do. It is our responsibility to ensure that we support those communities that support us. And in all the commu n ities we serve we made it o ur special responsibility to share, particularly with the children and those whoa re not as fortunate as we are, he said. THE Embassys public affairs officer Erica Thibault presented executives of the Ed Armbrister Baseball League (EABL to assist with the leagues sports development programme. The EABL holds camps throughout the summer and on weekends during the school year at Windsor Park with the goal of helping youth discover how athletics can foster the development of critical life skills and higher achievement in the classroom. On hand for the presentation were EABL chairman Ed Armbrister, director Michael Butler and youth camp coach Andy Percentie. Gloves The donation of youth baseball gloves is part of the US Embassys ongoing support to community activities that aim to help youth stand up to negative peer-pres sure and foster greater self-esteem. Mrs Thibault congratulated the EABL for creating a sports programme that promotes leadership, teamwork and self-discipline, all qualities young people need to succeed in life. The league is named after Ed Armbrister, a former Major League Baseball player who is the only Bahami an to win two World Series rings in his five-year career during the mid 1970s. Honoured On March 10, 2007, Mr Armbrister was named one of top sporting figures in the Bahamas and honoured by having his photo added to the Sports Wall of Fame at the Lynden Pindling International Airport. League officials thanked Ambassador Nicole Avant and the US Embassy for the donation and for supporting the youth of the Bahamas through the donation of baseball gloves, which was made possible through a partnership with Sports Locker. SKY Bahamas made a presentation to four primary schools (below t he Grand Bahama Regatta C ommittee (left SKY BAHAMAS MAKES PRESENTATION TO SCHOOLS AND GB REGATTA COMMITTEE US EMBASSY public affairs officer Erica Thibault presents baseball gloves to EABL director Michael Butler, EABL chairman Ed Armbrister and Andy Percentie, EABL coach for youth camps. US EMBASSY DONATES EQUIPMENT T O Y OUTH BASEBALL LEAGUE
LOCAL NEWS T HE TRIBUNE THURSDAY, SEPTEMBER 8, 2011, PAGE 7 Upgrade valid from intermediate to full-size car, on rentals of 4 days or more. Offer ends December 10, 2011 and is subjectto availability. Rates, terms and conditions subject to change without notice.CDW + taxes + fees +unlimited miles + free double upgradea lamo.com IN FLORIDA w hen using the upgrade couponYOU JUST GOT A CONGRATULATIONS F ULL-SIZE CAR AS LOW AS $ 210US WEEKLYFor reservations, please contact Going Places Travel at (2423.6900 or (786 or at 1.800.468.3334. B e sure to request rate code RC1 and coupon code AU4368BJZ. WHILE visiting Grand Bahama in August the Petty family paid a visit to the Grand Bahama Children's Home (GBCH brought much needed school supplies for the children. Heather Petty reached o ut to the home via their w ebsitewww.gbchild renshome.cominquiri ng if she and her family could visit the home during their one-day shore leave while they were travelling on Celebration Cruise Lines. "I find it amazing that a family who was just coming to our island fora family vacation would take the time to visit our home and bring gifts for our home and children," said Sarah Kirkby, GBCH executive committee member. We have been very f ortunate this year to r eceive some wonderful b ack-to-school supplies but this donation from tourists really touches the heart and shows how wonderful people can be to each other, she said. F ULFILLING their c ommitment to the Eight Mile Rock High School (EMRHS Bahama Shipyard (GBS presented a cheque for $13,000 to the school to supplement their teams u niform and equipment needs. Earlier in the year, the s hipyard held its first annua l fishing tournament that d irectly benefits the Eight Mile Rock school sports programme. P ictured at the presentation are (l-r Hield, vice-principal of EMRHS; Vernae Grant,M P for Eight Mile Rock; R euben Byrd, senior vicepresident of operations of G BS; Elva Davis, viceprincipal of EMRHS; Joseph Darville, technical d evelopment at GBS; Keith Barr, outgoing principal a t EMRHS; Ted Pavey, director of technical and planning at GBS Gary M cIntosh, physical education teacher at EMRHS a nd Carl-Gustaf Rotkirch, C EO at GBS. ( Photo courtesy of Erik J. Russell for Barefoot Marketing) ( L-R) CHRISTA WOODSIDE GBCH office assistant; S ean, Heather and Jonathon Petty from Sarasota, F lorida, and Natalie Russell, home supervisor GBCH. VISITING TOURISTS HELP GRAND BAHAMA CHILDREN'S HOME GB SHIPYARD FULFILLS COMMITMENT TO SCHOOL
LOCAL NEWS PAGE 8, THURSDAY, SEPTEMBER 8, 2011 THE TRIBUNE www.rdicaribbean.com Dont leave for tomorrow what you can do today UK distance learning from RDI Caribbean www.rdicaribbean.com Low study costs, exible payments PROGRAMMES OFFERED INCLUDEBachelors/Masters degrees in Business, Hospitality, Law, Computing and many more. Develop your career while studying Tutor and student support included Free membership of International Management Academy plus benets No attendance requirement. .. Now recruiting for October intake CALL (toll free) 1 888 496 6173 TODAY TO FAST TRACK YOUR CAREERRDI Regional Oe : 27499 Riverview Center Boulevard Suite 111, Florida, USA 34134 "#%&&'(#)*)+,')(-.//,0+12(,,34*&+) 56+,'7 )00&56+)5,7 60'$ 8.(,(( 9 *)0',':/&;,(()&061 ( 1&&3)04;&/6-<611,04)04-6/,,/ )0+<,(.:,/ *6/3,+ )0'.(+/2= (>,-&0+)0.,+&,?:60'&./&:,/6+)& &:,0)04(-.//,0+12,?)(+; &/+<,;&11&>)04:&(+)& 0(@ (()(+60+A+&/,"6064,/ B/&-,/2 "6064,/ %/&0+ 9 C0'$ "6064,/ D6/,<&.(, "6064,/ ",6+ "6064,/ E/&'.-, "6064,/ %&&'A,/5)-,"6064,/ F.+(+60')04(616/278,0,;)+(60')0-,0+)5,(&;;,/,G C?:,/),0-,',(G H0+,/,(+,'-60')'6+,((<&.1';&/>6/'+<,)//,(.* ( +& >)118,-&0+6-+,'G VACANCY A FTER nine weeks of intense training, 29 marines of the Royal Bahamas Defence Force completed the commando squadron amphibious training phase which encompassed theR BDFs military dive course, t he commando squadron combat dive course and combat swimmers course. Successful candidates of the military dive course became members of the RBDF dive t eam and are capable of cond ucting diving activities to depths of 300 ft. The combat training course t rained marines of commando squadron operation units to effectively conduct military operations using scuba diving as a method of insertion and extraction. The combat swimmers c ourse trained marines to perf orm amphibious reconnaissance activities in support of small boat operations. Additionally, 20 marines were successful in the combat swimmer course. All successf ul participants graduated at a c eremony at the RBDF Training Centre, HMBS Coral Harbour, on August 19. TWENTY-NINE MARINES FINISH DIVE & COMBAT SWIMMERS COURSES S EVERAL marines of the Royal Bahamas Defence F orce returned home after successfully completing courses in various fields at United States Military establishments as part of the InternationalM ilitary Education Training scheme. Leading Seamen Perry C olebrooke successfully completed an eight-week Quart ermaster A course at the U S Naval Base in Great L akes, Illinois. T he course, which was conducted at the US Navy Centre for Surface Combat System, was designed to assist and prepare marines to becomeb etter navigators. Some of the areas covered included aids t o navigation, nautical charts and publications, rules of the road, piloting, magnetic and gyro compass system, terrest rial navigation, voice and e lectronic communications and weather reporting and observation. L eading Seaman Colebrooke is a 24-year veteran of the Defence Force and is p resently attached to the Squadron Department where h e serves onboard HMBS Bahamas. Marine Seaman Andrew McKenzie returned home after successfully completing af our-month intensive Boatswains Mate A course in Yorktown, Virginia. T he course, which was conducted at the United Stated C oast Guard (USCG n eering and Weapons School, e nables marines to improve t heir navigating skills while serving aboard Defence Force patrol craft. Participants were exposed to intense lessons in seaman-s hip. Some of the subjects covered included seamanship, f irefighting, leadership, rules of the road, small boat handling, radar watch, deck officer watch, celestial training, f irst-aid certification and team c oordination training. Course participants were required to test their skills and knowledgeb y participating in a two-week on the job training pro gramme aboard a 41-foot training vessel. M arine Seaman McKenzie joined the Force in October 2 007 and is currently stationed aboard the Dauntless craft HMBS P-43. Able Mechanic Dremeko K nowles was successful in c ompleting a 12-week Machinery Technician A course. T he course, which was conducted at the United States Coast Guard Engineering and W eapons School, is to e nhance the knowledge of participants in the maintenance and repair of various e ngines. Topics covered included the fundamentals of assem bling and disassembling diesele ngines, reduction gear, hydraulic systems and troubleshooting outboard engines.A ble Mechanic Knowles, who joined the Defence Force in August 2004, is attached in the engineering section a board the Dauntless craft HMBS P-44. Leading Mechanic Deon Davis and Able Mechanic Abrian Rankine successfully completed the Advance Analog Electronic Technology course at the United StatesC oast Guard Training Centre, Yorktown, Virginia. The five-week course e nabled participants to become more familiar with the analog components of the e lectronic equipment within the Defence Force. Troubleshooting and maintenance of various electronic components were carried out during the course. Classes consisted of both theory and practical exercises.L eading Mechanic Dames is assigned to the radio workshop and Able Mechanic R ankine is stationed aboard HMBS Yellow Elder. RBDF MARINES COMPLETE US MILITARY EDUCATION TRAINING COURSES A NDREW MCKENZIE PERRY COLEBROOKE D EON DAVIS A BRIAN RANKINE L EADING S eaman Philip Farrington receives his dive pin during a graduation ceremony at the Coral Harbour Base from Acting Commander of the Defence Force Captain Tellis Bethel. (RBDF photo by Able Mechanic Al Rahming
w as a fourth grade student at t he time of the incident. Whylly, 59, pastor at the F reeport Voice of Deliverance Church, is accused of sexual assault on a minor.I t is alleged that the assault t ook place on February 6, 2011, at his residence at Jobson Avenue. A jury of three men and s ix women were empanelled to hear evidence in the case, which was fast trackedt o the Supreme Court for trial by a voluntary bill of indictment. Senior Justice Hartman L ongley is presiding over the matter. Prosecuting on behalf of the Crown are Erica Kemp and OliviaB latch of the Attorney G enerals Office. Carlson Shurland represents Whylly, who is on bail. As the prosecutions young star witness took thes tand, Justice Longley asked if she understood the difference between the truth and a lie. The truth is telling s omething that is real and a lie is when you tell something that is not real, shes aid. After asking a series of preliminary questions, Jus t ice Longley found the child t o be fairly intelligent. He allowed her to give evidence, but not under oath. The nine-year-old told the court that on February 6, 2011, her mother dropped her off at her Uncle Whyllys house. He took her and three other children in the church van to a party. After getting something to eat and drink, they left the party. He dropped the other children off and took her back to his house, but made her wait in the van. After her Aunt Christine Whylly had left the home, the victim said her uncle told her to come inside. They both sat on the couch in the front room. While recalling the events of that evening, she paused several times to wipe the tears from her face. The victim told the court that she spread a blanket on the floor and was lying down on her stomach watching television. She said her uncle tapped her on the leg and told her to turn over on her back. She then gave a graphic description of what followed next. He asked if it was hurt ing and I told him yes, the girl said. He then asked if I know how to shake my body from side to side. After the ordeal, she said her uncle told her not to tell anyone what he had done. He then told her that if any one asked what he was doing to tell them he was using the bathroom. The victim said her uncle kissed her on her lips and dropped her back to the party. She said she left the party later that eveningw ith her aunt Christine Whylly, who took her back to their residence. The victim said on Feb r uary 7 after returning h ome from school she wrote a note telling her mother what had happened. S he placed the note on the pillow while her mother was sleeping. Why didnt you tell your a unt Christine what had happened while leaving the party that evening? asked Mrs Kemp. She replied: My uncle told me not to tell anyone, and I wanted to tell my mommy. The victim told the court that after her mother had read the note a police officer took her to the hospi tal. Dr Maria Carmella Bouffard said the victim was brought into emergency room at Rand Memorial Hospital around 8.55pm on February 7 by a police officer. The doctor took a rape kit and conducted vaginal and oral swabs. She also collected a saliva sample. Dr Bouffard described her findings and treated the victim with prophylactics and an anti-retro viral drug. In her report, she noted that the victim was awake, alert, and not in any dis tress. Under cross-examination, Mr Shurland asked the vic tim: Did you tell your mother and the doctor that you were in pain? Yes, sir, she replied. When you returned to the party and you were playing with your cousins, did you have any pain? he asked. No, sir, she replied. When you went to school (the next day you have any pain? the lawyer asked. No, sir, she replied. She told Mr Shurland that her uncle was the first person to do what he did to her. The trial continues on Thursday. LOCAL NEWS PAGE 10, THURSDAY, SEPTEMBER 8, 2011 THE TRIBUNE ing him to officially run as their candid ate in the next general election for Bain a nd Grants Town. H owever, DNA leader Branville M cCartney said the party has not officially announced a candidate for Bain and G rants Town. I really dont want to comment on the m atter other than to say that we have not y et named anyone as the official candidate a s the DNA in that area. Mr Moncur has been interviewed and went through the process like all candidates, but we have n ot named him as our candidate. Mr McCartney says the party will officially announce its newest candidates fort he DNA in the coming weeks. When asked if Rodney Moncur will be included in the batch of new aspiring politicians, Mr McCartney said: I have no comment. Mr Moncur said he knew of the partys d ecision to allow him to be a candidate for at least a month but held off on making t he announcement until he received his n omination letter. I knew a few weeks ago, but was waiting until the right time to let people know. I have been running a soft campaign in the area for a while and I live there, so people in the community know me and respectm e. I just got my letter a few days ago and I am honoured and proud that DNA is giving me this opportunity. The party has a process and despite what some people may think of me, I am still humble and I still have to follow the partys process like everyone else. M r Moncur says he believes he will win by a landslide and his first order of business is to clean up the garbage from Bain and Grants Town. As simple as garbage collection is, it has been very inadequate in Bain and G rants Town. I am going to change that. There is no competition for me. I will beat B J Nottage. Thousands of citizens h ave switched to the DNA. I cant even tell you the things people have been saying to me. The last time people were this fed up was in 1992 when the FNM won the election, he said. This is going to be revolutionary. We tried Mr Ingraham, we tested Mr Christie and now its time for Branville McCartney and the DNA and I am a part of that. M r Moncur said he is now in the process of establishing his headquarters and producing a constituency manifesto that is mandated by the party. SEEPAGETHREE businesses in The Bahamas to bring you huge savings on your shopping bill ... well bring you more details on that later. Interested? Then keep reading The Tribune over the coming days to find why your weekends will never be the same again. FROM page one Y OURWEEKENDS ARE AB OUT TO CHANGE FOREVER These include the fact that the mothers car, a blue Nissan Sentra registration number 117033, is missing. A fter the identity of the vict ims became known yesterday, friends began circulating a photo of the pair on Facebook and posting condolences. I cant believe youre gone, rest in peace, one read. In an official statement yest erday, Supt Stephen Dean said p olice still do not know what c aused the death of the mother and her young child. "We have no real leads in case. The family came in to i dentify the bodies and officiall y reported them missing. This is not a simple case. T here are many variables and factors police have to look at in solving this matter. However, we have a team of qualified police officers working around the clock to s olve this crime. We have intens ified our investigations in relat ion to this matter. Police and officers from the Royal Bahamas Defence Force were called to the scene at Prince George Wharf when gruesome discovery was made. A handful of tourists and onlookers gathered at the scene watching as morticians put the bodies in two hearses. Ms Burrows was dressed in a white shirt and black tights, while K aysha was wearing pyjamas. Anyone who may have information is asked to contact CDU a t 502-9991 or police emergency a t 919. POLICE BAFFLED OVER DEATHS FROM page one AMANDA SEYMOUR BURROWS, 32, and her five-year-old daughter Kaysha Burrows. FROM page one RODNEY MONCUR MAY HAVE BEEN PREMATURE ON DNA CANDIDACY FROM page one CLERGYMAN ACCUSED OF THE RAPE OF NINE-YEAR-OLD GIRL
bune kept its readers up to date with live coverage online. Social media has been a key part of our information dissemination strategy for a while now, and it proved critical in the coverage of Hurricane I rene. Every time we posted a new update, we sent out a link to the story URL via Twitter and Facebook to let our followers know there was something new they needed to know, said Jessica Robertson, online editor. Smartphones are growing in popularity in the Bahamas, so even though people had no power, television or computer Internet service, they were able to keep in touch with their phones, said Ms Robertson. During the height of The Tribunes hurricane coverage, the daily average number of direct hits on tribune242.com quadrupled. Readers flocked to our website for minute-by-minute coverage of the hurricane. The Tribune has provided real-time reporting for major events on numerous occasions. With the papers online success, readers across the world have come to think of tribune242.com as the place to go for immediate access to information on the ground. The site was inundated with appreciative messages from throughout the Bahamas and all over the world. We were the only major media company in the Bahamas that was utilising this means of communication and people relied on it, saidMs Robertson. The Tribune has embraced a dynamic, open communication and we used it to our advantage during our coverageof Hurricane Irene. We were excited to see the comments sections on our site become a forum for people to ask about specific settlements and properties. And while we weren't always able to get answers, others in our website community had the answers and began sharing what they knew, she said. Hundreds of readers across the Bahamas and across the globe posted comments on tribune242.com many of them expressing thanks for The Tribunes coverage. Alexander Walker followed the storm online with Tribune242 He updated the online community after he was able to contact friends on Great Abaco. Just been able to talk to friends on Great Abaco and they seem to be in the eye as all is quiet at the moment. Damage is as you might expect with trees and so forth but the buildings they are staying in have remained in good order, said Mr Walker. As they are on a small hill, flooding is not a problem for them. I also talked to a friend in Marsh Harbour who said they were being hit hard but all was well at the moment. I will post again if I hear anything else. BTC was still working but BEC has been down for sometime now, he said. Kathie Smith-Jones, a reader with friends in Spanish Wells, expressed her thanks on the website for The Tribunes coverage. Thanks so much for the updates I agree with all that has been said, these posts ARE priceless at a time like this!! Thank you! Thank you! Thank you! said Ms Smith-Jones. A reader from Spain said: Thank you so much for the update!! I'm with a group of Bahamians travelling home from World Youth Day in Spain, and we're so concerned. The news this side only mentions the US while showing the hurricane over the Bahamas. It's frustrating. Please continue to keep the public updated. We've been praying constantly. Our faith, love, and prayers are with you all. Darlene H, who claimed to represent relieved Bahamians in Georgia, Tennessee and Texas, said: Thank you so much Tribune for the updates. Means a lot to those of us who are far away from home, but our hearts are there. Most of us Bahamians in other countries were frantically searching the web for any news at all. Relieved to find this, when not even CNN nor Weather Channel was showing us anything at first. For us having family from Inagua all the way up to Freeport, myself and my sib lings around the US needed something to put our minds at ease. Lots of prayers went up for our Bahamaland. LOCAL NEWS T HE TRIBUNE THURSDAY, SEPTEMBER 8, 2011, PAGE 11 6 6 ((.,1* & $1','$7(6 ) 25 7 +( 3 26,7,21 2 ) 1)250$7,21 7 (&+12/2*< 6 3(&,$/,67 5 HVSRQVLELOLWLHVZLOOLQFOXGHEXWDUHQRWOLPLWHGWRWKHPDQDJHPHQW t PDLQWHQDQFHRID :LUHGt:LUHOHVV:LQGRZVHWZRUN 'DWDt9RLFH&RPPXQLFDWLRQV\VWHPV 6XUYHLOODQFH\VWHPV 5HVSRQVLELOLWLHVZLOODOVRLQFOXGH 7UDLQLQJVWDIILQWKHXVHRI%XVLQHVV$SSOLFDWLRQV 5HVHDUFKLQJtLPSOHPHQWLQJWHFKQRORJLFDOLQQRYDWLRQV W KURXJKRXWWKHFRPSDQ\ 5HTXLUHPHQWV 0LFURVRIW:LQGRZVHUYHUHUYHU$GPLQLVWUDWRU &,73f 0LFURVRIW&HUWLHG\VWHPV$GPLQLVWUDWRU&6$f 7KUHHWRYH\HDUVZRUNH[SHULHQFHZLWKWKHVHGHVLJQDWLRQV ZRXOGEHDQDVVHW 7KLVSRVLWLRQLVIRUDQLQGLYLGXDOZLOOLQJWRGHPRQVWUDWHDORQJWHUP F RPPLWPHQWWR&RFD&RODVGHYHORSPHQWtH[SDQVLRQ,QUHWXUQZH RIIHUDJUHDWJURXSRISHRSOHWRZRUNZLWKH[FHOOHQWEHQHWVDQGD UHPXQHUDWLRQSDFNDJHGHSHQGHQWRQTXDOLFDWLRQVDQGH[SHULHQFH 7KHVXFFHVVIXOFDQGLGDWHPXVWEHDVHOIVWDUWHUH[WUHPHO\RUJDQL]HG D EOHWRHIIHFWLYHO\SULRULWL]HZRUNORDGVDQGH[KLELWJRRGLQWHUSHUVRQDO t FRPPXQLFDWLRQVNLOOV ,I\RXDUHLQWHUHVWHGLQDFKDOOHQJLQJFDUHHUGHVLJQHGWREULQJRXWWKH EHVWLQ\RXLQDSURJUHVVLYHHQYLURQPHQWVHQG\RXUHVXPHRQRU EHIRUH 6HSWHPEHU UG -DQLFH)RXQWDLQRVV +XPDQHVRXUFHVDQDJHU 3 1DVVDX%DKDPDV 2UE\(PDLOWRFEFDFFRXQWV#FEFEDKDPDVFRP Officials yesterday maintained that while there have been cases of bleeding symptoms among dengue fever patients, there have been no casesof dengue haemorrhagic fever. Dr Delon Brennen, deputy chief medical officer for the Ministry of Health, said: This week we're still seeing a decrease, but we will have to wait and see. Last week was very slow but we're pretty sure that was only because of the hurri cane. If we have a sustained decrease this week, then we may be able to say that it's going down." Dr Brennen explained that the number of persons arriving at health care facilities did not represent the number of cases in the country,but the number was used mainly as a tool to monitor trends. No matter what happens there are going to be some persons that will present to a clinic or hospital, he said. We will continue to test throughout as long as we still see people with viral symptoms, and until we have no more pos itive tests. He added: You cant say that everyone who is not severe will stay at home. People will come ([to hospital or clinic Its just human nature. When people get sick t hey tend to show up at the doctors office. You will never get to a point where everyone is selftreating themselves at home. Three to 15 days after a mosquito bite, an infected person will feel chills, a headache, a high fever and pain behind the eyes. Lower back pain and achy joints are also early symptoms. Geographical information received from patients are sent to the Department of Environ mental Health Services, which is used to guide reduction efforts. According to a DEHS employee, the majority of cases arriving at private and public health care facilities are from localities six and 10. Local ity six is bounded by Carmichael Road, Blue Hill Road, Bacardi Road, and the sea. Locality 10 is bounded by Wulff Road, Fox Hill Road, Prince Charles Road and East Street. Constituencies located within the boundaries include: Golden Isles, Carmichael, Golden Gates, Bamboo Town, South Beach, Englerston, Montagu, Marathon and Fox Hill. The DEHS employee said: We have teams treating ponds and standing water, doing house and yard inspections, and conducting fogging exercises. Weve been doing this for a while, before the onset of the outbreak. Its just that people in the community dont want to rule, they want to point fingers and blame the government. What we really need to get out to the people is that they need to start doing their part. They are depending on fogging, fogging isnt even half of the solution. The main part is removing these breeding grounds. Persons experiencing dengue fever-like symptoms are asked to call the hotline at 359-2929 to speak with a healthcare professional before vis iting the Princess Margaret Hospital. T RIBUNE242.COM c overed Hurricane Irene extensively. FROM page one MOST DENGUE FEVER-LIKE CASES FROM EASTERN, SOUTHEASTERN COMMUNITIES TRIBUNE TRACKS TROPICAL STORM MARIA FROM page one
TROY SYMONETTE makes a point. By JASMINE LOPEZ A CTIVIST group United A gainst Crime joined the National Anti-Drug Secretariat to conduct a walk-about in the Farm Road area yesterday, ahead of an innovative new employments cheme. T he scheme, which is being overseen by the Ministry of National Security, will see the hiring of unemployed persons to clean up and improve their own n eighbourhoods. T wenty-five male volunteers from United Against Crime (UAC tioned in various areas to identify candidates. The target areas include: F arm Road, Elizabeth E states, Bain and Grants Town, and Gambier. The project is being managed by Sean Moxey, WilsonR ussell, Troy Symonette and president of UAC, Omar Thompson. The number of persons employed will be based on a budget that the Ministry of Environment has yet to pro v ide. Debbie Bartlett, cofounder of GEMS radio station, explained what the United Against Crime project represents. United Against Crime r epresents men who have a depth of experience in crime. They recognise and own that t hey have contributed to the social decay in our country and have offered themselvest o be a part of the solution, s he said. UAC president Mr Thompson said the members of his organisation are men who have made a positive change in their lives, anda sked the public to give them a chance. The gentlemen need encouragement. They need t o understand that the public at large is willing to assist. The Bahamas needs to stopp utting that negative out there on young guys that are trying to be positive, hes aid. Godfrey Rolle, director of the National Anti Drug Sec retariat, explained how s trengthening communities through such initiatives can help in the fight against c rime. No government can deal with drugs and crime byi tself. There is no way no c ountry anywhere in the world can make that happen. It has to happen from thec ommunity, he said. Yesterday, UAC members along with Ms Bartlett andM r Rolle, visited Sunlight Cottage and Toote Shop Corner in the Farm RoadA rea. Both streets are dotted with abandoned houses, derelict vehicles, debris, and puddles of standing water all of which are breeding grounds for mosquitoes and other pests. A resident of Sunlight Cottage described the condition of the street she lives on: People sick from dengue fever and stuff like that, cause out here is really bad a nd no one is coming to check us out. We just need help in this neighbourhood,w e need somebody to show concern cause we are still here." T he employees identified by the project will be tasked with cleaning streets and sidewalks, tearing down old houses, and removing derelict vehicles and debris. They also will be expect ed to rebuild or repair homes for those who cannot do this for themselves. MAKING A POINT: Omar Thompson, president of United Against Crime, speaks during the walk-a-bout in the Farm Road area. LOCAL NEWS T HE TRIBUNE THURSDAY, SEPTEMBER 8, 2011, PAGE 15 Everything Bahamian *Steffie Bethel Dr. Cornel CollinsJ eptha R. Cox J ared Z. Dillet David W. Farrant Linda M. Huber Chris Kelly Ronald LightbournG regory Maillis M elissa Maura Isaac WoodsideS pecial thanks to all of the talented e ntrants of the First Annual Scotiabank C alendar Photo Contest!* Trademark of The Bank of Nova Scotia, used under licence (where applicable *Photos by Kishan Munroe of the Love My Bahamas Downtown Art Experience.Rules and Conditions Apply. Scotiabank wishes to congratulate thewinners of the 2012Calendar Photo Contest UNITED AGAINST CRIME WALK-A-BOUT IN FARM ROAD AREA DEBBIE BARTLETT the co-chairperson of the National Anti-Drug S ecretariat, makes her point during the walk-a-bout. GODFREY ROLLE director of the National Anti-Drug Secretariat. GARBAGE piles up in the Sunlight Cottagearea. T i m C l a r k e / T r i b u n e s t a f f
$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 $5.18 $5.38 T HETRIBUNE SECTIONB email@example.comTHURSDAY, SEPTEMBER 8, 2011 By NEIL HARTNELL T ribune Business E ditor B AHAMIANgeneral insurers were yesterday breathing a collective sigh of relief that Hurricane Irene-related claims are looking much lower than initial estimates, one comp any head saying he would not disagree with estimates of $30-$35 million in total insured losses for t he sector. Steve Watson, RoyalS tar Assurances managing director, told Tribune Business that based on f eedback from other property and casualty underw riters, the current industry consensus was that it was looking at about $30-$ 35 million in total insured losses from Irene. Were [RoyalStar] in the low single million figures, with about 100 c laims, Mr Watson said, so its a very small figure. A s far as were concerned, its a relatively smalle vent. T he opinion was shared by other Bahamian gener-al insurers contacted by T ribune Business yester day. Tom Duff, general manager of Insurance Company of the Bahamas( ICB), the carrier through w hich BISX-listed J. S. Johnson places much of its general insurance business,s aid total insured losses for the sector would be much lower than initial $90 mil lion estimates for sure. A sked about the $30-$35 million estimate, Mr Duff said the former figure, based on everything wek now, looks a reasonable amount. I wouldnt disagree. I cant see it beinga ny more than that from o ur own experience and what were picking up. By NEIL HARTNELL T ribune Business Editor T HE HOTEL CORPORATIONS chairman yesterday said he was hopeful of a positive outcome on ther evised Heads of Agreement for the I-Groups Mayaguana project, which could involve a first phase investment of b etween $24-$32 million if approved. A ttorney Michael Scott c onfirmed to Tribune Busi ness: I attended Cabinet, made a presentation and amh opeful of a positive out come. The Ingraham administration will now have to decide whether to approvet he project, as currently structured, or seek further amendments. M r Scott, meanwhile, told Tribune Business that the IGroup was looking at includ ing a $5-$10 million marinai n the first phase of its revised project, taking total investment to between $24$32 million. The marina, he added, was in addition to a $1.5 million new airport terminal for M ayaguana; a $7-$10 million spend on upgrading the run way, aprons and associated airport infrastructure; $500,000 on community projects in Mayaguana; and a $10 million boutique hotel with a minimum of 25 rooms. Explaining that the Boston-based I-Group, which is owned by the Roy family, could have chosen to hold the Government to the agreements signed with the former PLP Christie administration and treat them as binding, Mr Scott said the developer had decided on a compromise course of action. Theyve chosen not to do that, and have embraced it in a positive way, he explained. In terms of doing By NEIL HARTNELL Tribune Business Editor F IDELITY BANK ( Bahamas) will this Monday launch a $10 million preference share issue via private placement, in a bid to bols ter its Tier 1 capital base a nd lay the foundations for f urther balance sheet growth. M ichael Anderson, presid ent of RoyalFidelity Merchant Bank & Trust, speaking as the offerings placement agent and not for the BISX-listed bank (both entities have a common parent), told Tribune Business yesterday that he was very c onfident the issue would b e fully subscribed by the institutional and high-net worth investors it targeted. He described the capital raising as a strategic play by Fidelity Bank (Bahamas a nticipating both higher regu latory capital requirements as a result of the Basle III accord and the Central Bank of the Bahamas, and the need to provide a platform for what is forecast to be two years of growth. M r Anderson also conf irmed to Tribune Business t hat once the $10 million private placement is completed, Fidelity Bank (Bahamas will apply to have the shares l isted on the Bahamas International Securities Exchange (BISX By NEIL HARTNELL T ribune Business Editor T HEright regulatory reform should reduce a ssociated costs for the Bahamian financial serv ices industry within two-three years, a leading a ttorney said yesterday, adding that completing this process should be among the top three By NATARIO McKENZIE Tribune BusinessR eporter n mckenzie@ tribunemedia.net A TTORNEY Gen eral John Delaney told Tribune Business yes-t erday that proposed changes t o the Bahamas insolvency laws and procedures were long overdue, acknowledging that this nation had fallen a bit behind o n the issue. M r Delaney said the r evised legislation was s till a work in progress, and the Gove rnment was still getting feedback on thed raft Insolvency Act. That's still a work in progress. Hopefully we finalise it over the next month. It will be clear and FIDELITY IN $10M CAPITAL RAISING BISX-listed bank to launch preference share issue on Monday in bid to bolster Tier 1 capital and provide growth platform Bank plans to list issue on BISX, and agent very confident it will be fully subscribed MICHAEL ANDERSON p resident of RoyalFidelity Merchant Bank & Trust S EE page 5B REGULATORY COSTS LESS IN 2-3 YEARS IF REF ORMS RIGHT Top attorney says completing process should be in top three priorities for financial services, possibly number one Culture of working with private sector required SEE page 8B BRIAN MOREE INSOLVENCY REFORM LONG OVERDUE Attorney General says Bahamas has fallen a bit behind, as legislation not touched for over 50 years JOHNDELANEY SEE page 8B HOTEL CORP CHAIR OPTIMISTIC OVER MAYAGUANA NOD If approved, I-Group projects first phase c ould see $24-$32m investment, with $5$10m marina now t hrown in Original deal left B ahamians encircled like Indian reservation SEE page 8B INSURERS DROP IRENE LOSSES TO $30-$35M SEE page 4B B ahamian industry breathing collective sigh of relief
B yDEIDRE M. BASTIAN REGARDLESSof your profession and workplace, one thing that everyone has to face is criticism. As a general rule, you cannot please everyone and you cannot make everyone like your work. Some people will appreciate your work, some will not. But you have to be prepared for comments, both good and bad. D esign can be a very techn ical process, but it is ultim ately a creative venture, which makes things difficult when it comes to feedback. For whatever reason, many p eople link creative skills v ery closely to self-esteem. H ow is it that we are not embarrassed about being unable to work out complex astrophysics, but when someone points out that we suck a t photo editing, it hits deep? Not everyone can handle criticism. But, in order to be successful at what you do, you ought to learn how as it comes with the territory. All g raphic designers will have t o deal with criticism. At t imes, you will have to address the criticism in order to explain your point of view. And some comments are better off being ignored, as not every criticism needs to be dealt with. H ow to handle criticism is one question a lot of people a re finding an answer to. My suggestion is to consider it as an opportunity to grow. After all, you can learn a lot f rom peoples point of view. As a designer, you might be a victim of criticism more o ften, because creative work i s criticised more. However, i ts good to understand what the whole process is actuallya bout. What is Criticism? Criticism is basically some one elses personal point of view on your work or personality. Some people take criticism as something that i s only negative, but this is f olly. Constructive criticism is an oxymoron. If s omeone is appreciating y our work, he is offering positive criticism. If he is talking about it in a negative way, it is negative criticism. S o it can be both good and bad. People are usually unable to handle criticism because of embarrassment or some other reason. But a lack of c riticism would equal a lack o f incentives to improve, and l ife would be very boring. Whether it is good or bad criticism depends entirely on the person it is coming from. It can be constructive or completely destructive, depending on how you a ccept it. Apart from handling critic ism, you need to learn to criticise as well. Always keep in mind that your criticism can hurt someones feelings, s o even if you do not like something, make sure you find an appropriate way to c onvey it. This will also i mprove your credibility. R emember, you have the right to criticise, but you don ot have the right to degrade o r humiliate someones work. Try to provide constructive feedback, and if you are being criticised, handle it positively and improve yourself. Receiving criticism is also a part of your job, even t hough some people have a tendency to ignore criticism a ltogether. But know that c riticism can help you recognise the poorer aspects of your project, which you might not be able to see on y our own. Take such responses as a challenge and a chance to improve yourself. This will help you in becoming a better designer. W ork approved by yourself a lone is pointless, and only s erves to boost your ego. Getting your work acknowledged by the world is what you need to do and, sadly, the world is composed of people whose purpose in life is to criticise you. W hen it comes to designing, any opinion can be cons idered subjective. No one can actually say whether you are right or wrong, because designing is a vast field. E veryone will view your design from a personal perspective. Not everyone can s ee things from your point o f view, so disagreements a re supposed to be a part of your work. A careful first reaction towards criticism is almost always defensive. You do not want to end up saying something you might regret later. So wait for a while and think about what you really w ant to say. Once you get r id of the anger, you can offer an appropriate r esponse. Learn to turn negative into positive. In other words,a person can transform any situation into a negative or positive one depending on how he perceives it, so differentiate between Useless and Useful Criticism. It is very important to be able to differentiate betweenu seless and useful criticism. The feedback that needs attention is the one which isc lear and logical. Baseless feedback that makes no sense, such as: I dont like the colours of your website, is a useless criticism. Useful c riticism is when people have actually explained their point of view and want to see an improvement in your design. Learn from criticism, as there is a purpose to everyt hing in this world. Let critic ism serve its purpose by h andling it well and by acting on someone elses opinion. Criticism will help you in identifying your weak points and strong points. Bear in mind that you are not always right, and someo ne else can have a better suggestion. But being overly h arsh in your feedback can scar a person for life. It is not what you say; it is how you say it! Instead of cold i nsults, try wrapping constructive feedback in encouragement. R emember that people a re criticising your work, not y our personality, so do not take it personally but keepy our attitude positive and r espond calmly. An old teachers trick is to sandwicha criticism between two com pliments to help lessen the blow. So until we meet again, have fun, enjoy life and stay on top of your g ame. N B: The columnist e ncourages feedback at firstname.lastname@example.org About the Columnist: Ms Bastian is an extensively trained and qualified graphic designer, with MSc., BSc., ASc ands qualifications. She has trained at many institutions, such as: Miami Lakes Technical Centre, Success Training College, College oft he Bahamas, Nova South eastern University, Learning Tree International,L angevine International and Synergy Bahamas. BUSINESS PAGE 2B, THURSDAY, SEPTEMBER 8, 2011 THE TRIBUNE ..&-..&$1$ (,# ### bt ttf nr" '#!,# %t,0!, '!,'/'!('#',%#,,& n nf&..&-)&"*)1&ftb&..&-"&.. nt #' CORRECT CRITICISM CAN AID YOUR WORK A RTOF G RAPHIX DEIDRE BASTIAN Share your news T he Tribune wants to hear f rom people who are m aking news in their n eighbourhoods. Perhaps you are raising funds for a good cause, campaigning f or improvements in the area or have won an award.I f so, call us on 322-1986 a nd share your story.
B y NATARIO McKENZIE T ribune Business Reporter email@example.com PRESIDENT of the Bahamas Chamber ofC ommerce and Employers Confederation Winston Rolle told Tribune Business yesterday that the dengue fever outbreak has had a major impact on local businesses. M r Rolle said: It is really having an impact. The challenge is obviously the r ecovery period and you cant do anything about that. I think its at least six o r seven days and thats p roviding that the fever d oesnt trigger any other h ealth complications that s omeone may have. M r Rolle added: I just spoke with a business owner yesterday who told me that at some point or the other more than half of the staff had been impacted byd engue fever. In some instances persons were able t o make it in but had chall enges once they got to w ork and had to be sent h ome. Obviously that would have affected their day-to day operations. One business owner, who did not wish to be identified, said that several of his employees had been stricke n with dengue fever over the past few months. I have had at least four people with the dengue. Obviously if youre feeling that s ick, you shouldnt be at work. Ive just had to deal with it, it hasnt been easy having someone out every other week or so, the businessman said. B ahamian pharmacies recently told Tribune Busin ess that they have seen s ales of pain and fever r elievers, such as Panadol, 'triple' due to the outbreak. The demand has affected both pharmacies and their w holesalers. Many cont acted by Tribune Business n oted that sales of Panadol h ave increased in light of t he fact that the preferred p rescription, Tylex 750, is presently unavailable. Dengue fever-like cases have skyrocketed in the capital since September. The country has seen more than 3,500 suspected cases t his year while public h ealth officials are investi gating four suspected fever-r elated deaths. BUSINESS T HE TRIBUNE THURSDAY, SEPTEMBER 8, 2011, PAGE 3B 167,787()%86,1(66 $ 1'&200(5&( 5(*,67(5('$1'$33529('%< 0 ,1,675<)('8&$7,21$1' (3$570(17)%/,&(59,&( 'HJUHH$VVRFLDWH'HJUHH'LSORPDDQG &HUWLFDWH&RXUVHVDUHRIIHUHGLQWKHIROORZLQJ %XVLQHVV(QJOLVK,(IIHFWLYH:ULWLQJLQWKH:RUNSODFHf &ROOHJH(QJOLVK &ROOHJHDWK &ROOHJHXFFHVV &RPSXWHUWXGLHVZHHNVf 4XLFNERRNVFRPSXWHUL]HGDFFRXQWVf ,QWHUQHWUDLQLQJZHHNVf ,QWURGXFWLRQWRFRPSXWHUV%RRNVXSSOLHG &RPSXWHU,QIRUPDWLRQ\VWHPV &ULPLQRORJ\ &UHROH &ULPLQDO-XVWLFH,QWURGXFWLRQf +XPDQHVRXUFHJPW ,QWURGXFWLRQWRDUDOHJDO /DZ'HJUHH//%fQLYHUVLW\RI/RQGRQf 3DUDOHJDO'LSORPD 3DUDOHJDO$VVRFLDWH'HJUHH 3ULQFLSOHVRI/DZIRU-XVWLFHRIWKHHDFH :KLWH&ROODU&ULPH %*&6(XEMHFWV (QJOLVK/DQJXDJH 0DWKHPDWLFV $GGLWLRQDO%*&6(VXQMHFWVDUHRIIHUHGXSRQUHTXHVWf 3LWPDQXEMHFWV %XVLQHVV)LQDQFH&RPPHUFLDOXPHUDF\f %RRN.HHSLQJt$FFRXQWV, %RRN.HHSLQJt$FFRXQWV,, (QJOLVKIRU%XVLQHVV&RPPXQLFDWLRQV 2IFHURFHGXUHV, 2IFHURFHGXUHV,, 6KRUWKDQG 7\SHZULWWLQJ.H\ERDUGLQJf%RRNVXSSOLHGf ,167,787()%86,1(66$1'&200(5&(5 ( 6 7 5 $ 7 2 1 &ODVVHV%HJLQRQGD\WKHSWHPEHU By NATARIO McKENZIE Tribune BusinessR eporter firstname.lastname@example.org THE MINISTER of Agriculture and Marine Resources told Tribune Business yesterday that the U S Food Safety and Mode rnisation Act (FSMA w hich will take effect as of New Years Day 2012, would not have any major impact on Bahamian fishe ries exports. P resident Barack Obama s igned the legislation into l aw earlier this year, setting i n motion sweeping i mprovements to the security and safety of the US food supply by requiring stricter regulation on food imports, including laboratory testing. But Mr Cartwright told T ribune Business: That w ouldn't impact us directly but indirectly. We are in the process of also upgrading our legislation in relation to t he Food Act, the Plant Prot ection Act and the Animal P rotection Act. We have three piece of l egislation we are working o n right now plant health, animal health and food safety in general. Those three pieces of legislation should go before Parliament some time in the very near future. A s we accede to the World T rade Organisation we w ould have to have governing bodies in place to ensure the foods we bring into our country, and the food we prepare to export out of the country, is safe for tables elsewhere." Regarding the fisheries i ndustry, Mr Cartwright s aid: "Fisheries would be impacted more than any department. We export marine products to the European countries, and the US and Canada. As a result of that we are faced with q ualifying principles in E uropean Union countries a s well as the United States. We are one of the main c ountries in the Caribbean t hat exports crawfish to the European market, and we went through one season with that. We are well into the season again, so we are going to have to prepare o urselves now for the Ameri can and Canadian market. G len Pritchard of Tropic Seafood told Tribune Business that he was not concerned about the US legislation, as the company was already required to tests its exports. He said: We do have our o wn lab. We test all our p roducts for food safety and quality. That has not really affected us because weve been doing it now for a number of years with the European shipment. Were required to do all o f our testing, plus the D epartment of Marine R esources also takes samp les of our products and t ests them. We should be all r ight there until they come up with something new. Fisheries sees no effect from US law LARRYCARTWRIGHT DENGUE FEVER OUTBREAK HAS MAJOR IMPACT ON LOCAL BUSINESES NEW YORK Associated Press A BROAD rally broke a three-day losing streak in the stock market Wednesday as fears about Europe's debt crisis ebbed. Stocks rose sharply after a German court backed the country's role in bailing out other European nations. The Dow Jones industrial average jumped 200 points in the first hour of trading and continuedto climb throughout the day, ending up 275 points. The afternoon gains came after Italy's Senate approved a deficit-cutting package and the Federal Reserve reported that U.S. business conditions are improving. Traders were also speculat ing that President Barack Oba ma would announce a $300 bil lion jobs package made up of tax cuts, state aid and infra structure spending in an address to Congress on Thursday night. The Dow and other U.S. indexes fell over the previous three days on worries over weakness in the U.S. job mar ket and concerns that Europe's debt woes could lead to a glob al economic recession. "The market has been pric ing in an out-and-out recession, so any hints that policy issues might be solved is a plus," said Brian Gendreau, market strategist at Cetera Financial Group The Dow surged 275.56 points, or 2.5 percent, to close at 11,414.86. All 30 stocks in the Dow average rose. The Standard and Poor's 500 index jumped 33.38, or 2.9 per cent, to 1,198.62. All 10 com pany groups that make up the S&P index rose. The Nasdaq composite shot up 75.11, or 3 percent, to 2,548.94. The German court ruling also pushed the prices of Treasury securities lower as investors were more willing to hold risky assets like stocks. Treasury prices have been rising over the past week, sending their yields lower, as demand for lower-risk investments increased. The yield on the 10-year Treasury note rose to 2.05 per cent. Its price fell 50 cents per $100 invested. The yield traded at 1.97 per cent late Tuesday. On Mondayit fell to 1.91 percent, the lowest since the Federal Reserve Bank of St. Louis began keeping daily records in 1962. Gold, another traditional safe haven, fell $56, or 3 percent, to $1,817 an ounce. It closed at $1,891 on Aug. 22. S T OCK S SUR GE AFTER GERMANY UPHOLDS BAILOUT PLAN
He added: Our own experience so far has been v ery encouraging. I can cert ainly say the number of claims and costs has been much less than expected. Its not looking like a major event for us at this stage, but its too early too early to be categoric. By n ow, wed have expected to r eceive a lot more claims, b ut it was very light in the f irst week, and were into t he second week now and are not seeing a high volume of claims traffic. I dont think it will be as nearly as big an event as w as thought a week ago f rom what were seeing so f ar. I dont want to count m y chickens, but I dont t hink it will be a major loss for the industry or a substantial loss for ICB. While he was still awaiting final reports from agents and loss adjusters in the field, Patrick Ward, B ahamas Firsts president a nd chief executive, said: Theres no question that overall assessments are d own. Its looking more positive at this stage than it d id two weeks ago. Losses are going to be lower thani nitial expectations. M r Ward added that damage/loss assessment reports were slow to emerge from some locations, especially the southern Bahamas, due to communi cations difficulties witht hose islands. I n some areas a major component of the market w as winter and second h ome residents. They were m ostly away during Irene and may have yet to inspect their properties for dam-a ges, Mr Ward explaining t hat these were some of the last reports likely to comei n. I think the feeling is that were breathing a collective s igh of relief, Mr Ward told Tribune Business of the general insurance industry, and we really dodged a bullet that could have been a lot worse. Were happy things are d eveloping the way they a re, and the news is far more positive than we ini-t ially thought to be the c ase. Sums insured on the hardest hit Bahamian islands t hose in the southeastern and central Bahamas were considerably less than in N assau and Freeport. Many residences and businesses i n the southern Bahamas are either not insured oru nderinsured when it comes t o catastrophe coverage, thus making financing oft heir reconstruction process m uch more difficult. A Boston-based insurance risk modelling agency, A IR Worldwide, originally estimated that Caribbeanwide insurance losses resulti ng from Irene would total between $500-$1.1 billion. O f that sum, it estimated some 60 per cent between$ 300-$700 million would b e incurred in the Bahamas. Mr Ward previously d escribed that number as b eing out of left field, and it is looking even more so now. BUSINESS PAGE 4B, THURSDAY, SEPTEMBER 8, 2011 THE TRIBUNE +$ 029(' 7 K H /DZRIFHVRI 0HVVUV-RKQVRQ+DVVDQt&R K DVUHORFDWHGWR UOH\DUN$YHQXH R IIKLUOH\WUHHW 1DVVDX7KH%DKDPDV &RUQHURQOHIWDIWHU 6DFUHG+HDUW&DWKROLF&KXUFK WK%XLOGLQJ/HIW $IWHU%XGJHWHQW$&DU 7HOHSK ) INSURERS DROP IRENE LOSSES TO $30-$35M FROM page one DAMAGETO BUILDINGS on Cat Island after Hurricane Irene. The current industry consensus was that it was looking at about $30-$35 million in total insured losses from Irene.
Exchange (BISX The $10 million offering is a Private Placement, and t argeted only at specific i nstitutions and high net w orth individuals who have been solicited. It is therefore not a public offering, and members of the Bahamian public should not seek to become involved or apply for s hares. A sked why Fidelity Bank ( Bahamas) was seeking to raise capital now in the form of preference shares, Mr Anderson replied: The bank has been growingo ver the last couple of years, and is looking for additional capital to support its ongoing growth and strengthen its capital base. In this market, if youre going to grow a certain amount of capital is required to support that g rowth..... Unless you have that, you cant grow. This is more strategic for the bank i n terms of setting itself up. They see growth over t he next couple of years, a nd need to put capital in now. The market is liquid, p eople are looking for opportunities in fixed i ncome securities, so its a good time to come out and grow the market. I n other words, Fidelity Bank (Bahamas b olster its capital levels to sustain existing deposit growth, which is funding itsm ortgage and consumer lending activities. T ribune Business reported last month how Fidelity B ank (Bahamas i ng a record year for profitability, believing its seco nd half results will be "as good or better than" the2 011 first half's $2.208 mill ion net income. It is also targeting an increased return on equity of 15-20 per cent in 2012. T he 7.2 per cent or $15.352 million increase inits loan book during the 2 011 first half, to $228.018 million, was more than the expansion it enjoyed during its entire 2010 financialy ear. T here are regulatory rea sons, too. Mr Anderson explained that the prefer-e nce share issue was tak ing place against a back ground of banks around the world being requiredt o hold more regulatory capital, due to the global financial crisis. The Basle III capital standards are also due for implementation shortly, the Central Bank of the Bahamas having published the phase-in timeframe for their implementation. Bahamas-based banks are being required to increase their minimum common equity from 2 per cent in 2011 and 2012 to 3.5 per cent by 2013, 4 per cent in 2 014 and 4.5 per cent in 2015. As for Minimum Tier 1 capital, this ratio must rise from 4 per cent in 2012 to 4.5 per cent in 2013, then to 5 .5 per cent in 2014 and 6 p er cent in 2015. Minimum t otal capital ratios will remain stable at 8 per cent. Emphasising that Fidelity Bank (Bahamas ing capital levels were more than adequate, andw ell above the Central Banks regulatory requirements, Mr Anderson said: Commonwealth Bank and Bank of the Bahamas have both got perpetual preference shares in their capital s tructures which, from a Central Bank perspective, acts as Tier 1 capital. The new requirements w ant a certain amount of T ier 1 capital to support growth, and the idea is top ut another layer of Tier 1 capital on Fidelity Bank (Bahamas in similar fashion to what Commonwealth Bank and Bank of the Bahamas have d one on their balance sheet. The offering of Series A perpetual preference shares will officially launch on Monday, September 12, a nd close 11 days later on S eptember 23, 2011. Meeti ngs with prospective investors are set to start today, the shares having a 7 per cent interest coupon attached to them, with dividends paid semi-annually. T he interest coupon is based on a 2.25 per cent margin above BahamianP rime, hence the 7 per cent, given the current 4.75 per cent rate for the benchmark interest rate. D escribing the 7 per cent as a fairly attractive dividend rate, Mr Anderson s aid initial soundings taken f rom potential investors i ndicated the $10 million offering had been fairlyw ell received. Im very confident it will be fully subscribed, based on initial indications, he told Tribune Business. What we do before we do these offerings is do a market round, and get indications from institutions and high net worths as to the interest they have, and we had very strong indications of interest. Now weve put the offering together, we hope that continues. M r Anderson expressed hope that the $10 million issue, and its subsequent listing on BISX, would also help to deepen and broaden the securities markets. With investors looking for higher-yielding investments than bank deposits, due to the Prime rate cut, the RoyalFidelity president s aid the offering would play its part in pushing people to the capital markets and away from what has been a traditional banking market. BUSINESS T HE TRIBUNE THURSDAY, SEPTEMBER 8, 2011, PAGE 5B PUBLIC NOTICEDEFENCE FORCE RECRUITMENT EXERCISEThe Royal Bahamas Defence Force is presently conducting a Recruitment Exercise.Interested candidates must be Bahamian Citizens between B.J.C.s all at grade C or above including Math and English and High School Diploma. Applicants are to bring original Royal Bahamas Defence Force.Deadline for receipt of applications is 15th September 2011.Additionally, applicants are to produce the following original documents: Spending time at sea is a requirement as well as tours of duty at satellite bases on the Family Islands. Those unwilling to meet these requirements need not apply. Application forms may be obtained from the Ministry of Nawww.rbdfmil.com. For further information, you may contact the Royal Bahamas Defence Force Recruitment Center at 362-3717 or 362-3718. )5(( ($&+,'($/)2525$*( 2)),&(/$%25$725<:,7+ ( ;,67,1*7(1$176$5.,1*(7& 62/',1',9,'8$//< &2//(&7,9(/< 5($621$%/())(56*,9(1(5,286 &216,'(5$7,21 ,QWHUHVWHGSDUWLHVSOHDVHFRQWDFW 7 3 (PDLODGGUHVVGDYLGSKDPLOWRQ#EDWHOQHWEV )25$/( )25$/( LQ 3ULPH/RFDWLRQ 3HHOWUHHW+HDY\,QGXVWULDO$UHD FIDELITY IN $10M CAPITAL RAISING FROM page one
PAGE 6B, THURSDAY, SEPTEMBER 8, 2011 THE TRIBUNE THURSDAY, SEPTEMBER 8, 2011, PAGE 7B c ompleting this process should be among the top t hree priorities for the s ector. S uggesting that it could be number one on the priority list, BrianM oree QC, senior partner at McKinney, Bancroft & Hughes, told Tribune Business that correctly completing financial services regulatory reform and consolidating the vari ous supervisory agencies, a s envisaged by the G overnment, would send out a very powerfulm essage to both the B ahamas existing and potential clients, plus rival jurisdictions. Pointing out that financial services industry gr o wth was closely related to the quality and l evel of its regulation, Mr Moree called on whatever new super v isor y agencies wer e formed to have a c ulture of responding p ositively to the private sector s new product and service ideas. He also hinted that Bahamas-based financial services regulators could be r un in the manner of a b usiness, not a gover n ment bureaucracy. Zhivar g o Laing, minis ter of state for finance, l ast week confirmed to T r ibune Business that the Gover nment was aiming t o bring financial services r egulator y reform to a head, a draft Bill to achieve this now being cir culated among select i ndustr y members. He added that the Bill was intended to cr e ate an Authority as a consolidating entity, T ribune Businesss information being that the Government is looking to adopt a Twin Peaks regulator y model mer ging the Securities Commission, Insurance Commission and Compliance Commission into one, but keeping the Central Banks Banking Super vision Department separate. As r esult, Mr Mor ee, a long-time champion of such a process, yesterday praised the Government for its commitment to completing financial ser v ices r egulator y r eform, and recognising the need to bring it to a close imminently He told Tribune Business: Some of the benefits I would antici pate are a much more user-friendly regulatory system that would be more attractive to both current and prospective licensees. Second, I think it would eliminate and sub stantially r educe the time taken to licence financial services providers and comply with r egulator y requirements. Thirdly, it should r educe the cost of doing business. That might take two-three years to b ecome reality, but I d on t think theres any q uestion that in other jurisdictions who havec onsolidated the r egulat ory landscape there have been increased efficiencies that ultimately, in a period of two-three years, translate into reduced costs, which is an important factor A sked whether the c osts of doing business in the Bahamas were too h igh for the financial s ervices industry, Mr M oree said that on the regulatory side, high costs did not r e sult so much from bank and service provider licence fees, but mor e duplication in regulation, and some of the i nefficiencies that sometimes ar e the r esult of inexperienced staff in the r egulator y agencies. G iven their business activities, many Bahamas-based banks and tr ust companies had t o be licensed by both the Central Bank and Securities Commission,r aising fees and resulting i n the two r egulators hav ing to carry out joint and sometimes separate inspections of the licens e e. As a result, Mr Moree said dealing with two-t hree regulators has got to be mor e expensive for a Bahamas-based finan cial ser vices provider t han just one super regul ator in a Twin Peaks model. Still, the McKinney, Bancroft & Hughes senior par tner said r egulato r y cost base was just one factor in the overall costs facing Bahamas-based financial firms, telecommunications, electricity, labour, property (rent and availability of topquality technology all factoring into the equation. The fact of the matter is that we are still relatively competitive, but we have to look at that sector by sector, Mr Moree told T ribune Business. Whether the cost base is too high or not is debatable, but one thing most people will agree with is that we cant sustain any significant incr ease in the cost of doing business because it will affect our competitiveness. Both start-up and ongoing operational costs needed to be contained, and r educed, if possible, he added. Any efficiencies and streamlining of the r egulatory structure has to benefit users of the system, even though it might take 18-36 months to come through, Mr Moree said. Given what we can realistically achieve during this austere time, I would think completing t he regulatory reform, streamlining it, introducing greater efficiencies, a nd properly resourcing a nd funding our r egulat ors to carry out their jobs properly has to be int he top thr ee priorities, in m y view. It could be number one. Theres no question that regulation generally is closely related to the growth of your financial services industry, because b usiness will simply not b e attracted to two types of jurisdiction. T hese were the rogue n ations with regulatory r egimes that were slack, and did not conform with inter n ational standards, and those with over the top, overly bureaucratic str u ctures that were costly and did not respond to m arket needs. Both, Mr Mor e e said, were recipes for disaster, and most countries-i ncluding the Bahamas were trying to get the balance right between the two extr emes. This m ean a well-regulated financial centr e in compliance with inter national s tandards, but also one t hat was market friend ly with supervisors prepar ed to examine new ideas and work toa chieve growth without compromising their primar y r esponsibility. You can be an effective r e gulator, but be business friendly and have a cultur e of looking a t new ideas, products a nd services, and be committed to managing a r e gulatory agency in a way that is not bureaucratic but consistent with pri vate business, he added. This idea of getting the balance right in ter ms of culture, capacity and approach is a high priority issue, because regulation is dir ectly connected to ability to do business. Completing regulatory r eform, and getting it right, would send a very pro business message to existing and potential Bahamian financial services clients, Mr Mor ee said. On the one hand, it said the Bahamas did not wantand would not welcome non-compliant business. On the other it was welcoming legitimate busi ness to a mature financial centre that had the appropriate level of regulation. It sends out a ver y power ful message to investors and businesses, and to other jurisdictions, that the Bahamas, even in these austere times, is committed to the development and pr ogr ess of financial services as the second largest contributor to the economy , Mr Moree told Tribune Business. It says wer e in the business of protecting market shar e, and doing what is necessar y to enhance competitiveness as a jurisdiction discharging its duties to the international community by pr oper regulation. But wer e also in this business of servicing, not deterring, business, and sustaining business that works within the framework of the r egulators r equir ements. REGULATORY COSTS LESS IN 2-3 YEARS IF REFORMS RIGHT FROM page one Share your news The Tribune wants to hear from people who are making news in their neighbour hoods. Per haps you ar e raising funds for a good cause, campaigning for impr ovements in the area or have won an awar d. If so, call us on 322-1986 and share your story.
business with the Government in the future, its a very smart m ove on their part, and it g ave us a window to reconfigure a deal we thought was egregious in the first place. We think weve been able to marke it make sense, not o nly from a national policy p erspective, but in an economic sense. If the Government approves the I-Group project to go forward, Mr Scott told Tribune Business it wouldh ave two effects, creating e mployment and entrepreneurial opportunities for Bahamians. In the short-term it will get the economy in Mayaguana going again, with constructiono f the airport, the terminal a nd the boutique hotel, he added. The project would then ultimately play out over 10 years, as third-party d evelopers got their projects up and running on Mayaguana, creating direct employment for the islanders and other Bahamians. And, with the revised H eads of Agreement, Mr S cott said the I-Group had not been afforded all the prime, commercially developable land on Mayaguana. T his, he added, meant that the I-Group and Mayaguana Island Developers (MID projects development vehicle, had been awarded virtually all Mayaguanas water-f ront land by the Christie a dministration. That is the effect of the last Heads of Agreement, Mr Scott confirmed. Virtually all the prime, commercially developable land, in a sense t he waterfront land, was sold t o the I-Group. What that essentially did was to encircle Bahamians like an Indian reservation. Under the restructured H eads of Agreement, Mr Scott said the prime acreage h ad been split. While the I-Group would get enough land for its development, the rest would be made available for Bahami-a ns to develop their own straw businesses, retail outl ets and straw markets in a bid to benefit from the spinoffs the developer and its partners would create. That will provide entrepreneurial opportunities forB ahamians to do their own third party services and related business schemes, Mr Scott added. BUSINESS PAGE 8B, THURSDAY, SEPTEMBER 8, 2011 THE TRIBUNE (VWDEOLVKHGZKROHVDOHFRPSDQ\LV D FFHSWLQJUHVXPHVIRUWKHSRVLWLRQRI *HQHUDODQDJHU 'ULYHDQGDPELWLRQDUHPXVW 6XFFHVVIXOFDQGLGDWHVKRXOGKDYHDW OHDVW\HDUVH[SHULHQFHLQWRSOHYHO PDQDJHPHQW &RPSHQVDWLRQZLOOEHFRPPHQVXUDWH ZLWKH[SHULHQFHDQGWLHGWRSHUIRUPDQFH ,QWHUHVWHGSHUVRQVKRXOG VHQGWKHLUUHVXPHWR ZKROHVDOHFDUHHUV#JPDLOFRP (0,&2'$921.(03 R I 2+1 I 6 75((73%2;1$66$8%$+$0$6 m ore reformed, and hopefully it goes to thes consideration of Cabinet, Mr Delaney told Tribune Business while not wanting to go in-depth on the specifics of the proposed l egislation until it becomes f inalised. He added: "It's designed to provide modern provisions. Our insolvency regime is very old. We haven't touched ours for more than 5 0 years. Its long overdue. The proposed changes a re meant to bring it current with what you would expect in a modern jurisdictions uch as ours, which has companies that are used all over the world for all manner of things. People today expect to have a very modern insolvency regime with the kind of provisions that are moreu niversal. Our laws have fallen a bit behind. Our laws go back many decades. It'ss till a work in progress. Right now its just beingm olded in certain regards." M r Delaney said the draft h as been circulated among accountants, attorneys and the private sector since earli-e r in the year. "It has been circulated industry-wide since the firstp art of this year, the Attorn ey General added. I have specifically asked for the accountants now to w eigh in directly, even though they would have they would have gotten itt hrough the industry. But because the accoun tants tend to play such an important role in relation tot he administration of com panies when they are being wound up, I had specifically a sked them to meet with me and make sure that I am left with no doubt that they have considered it line by l ine. All the feedback has been positive. I've alreadyh ad a meeting with the accountants and I am going to meet with them againn ext week." The proposed laws and procedures may have a dra matic impact on insolvency p rocedures and who can participate in the field. Sev eral insolvency practitioners contacted by Tribune Business decline to comment on the proposed Act as it is stilli n the drafting stages. INSOLVENCY REFORM LONG OVERDUE F ROM page one FROM page one HOTEL CORP CHAIR OPTIMISTIC OVER MAYAGUANA NOD
WASHINGTON Associated Press C OMPANIESin July advertised the most jobs in three years, and layoffs declined a bit of hope for a weak economy. Still, many employers are in no rush to fill openings. The Labor Department said Wednesday that employers i ncreased their postings to 3.23 million from 3.17 million in June. That is the largest number of openings since August 2008. Typically, it takes anywhere from one to three months to fill an opening. More openings don't guarantee more jobs. The governm ent said last week that employers failed to add any net jobs in August, the worst month for hiring since September 2010. The unemployment rate stayed for the second straight month at 9.1 percent. The worsening jobs outlook has put pressure on President B arack Obama. He is expected on Thursday to introduce a $300 billion jobs package b efore a joint session of Congress. The plan will likely include extensions of the payroll tax cut and long-term unemployment benefits, tax incentives for businesses that hire and money for public works projects. There's heavy competition f or each job. Nearly 14 million people were out of work in July. So roughly 4.3 unemployed workers were competing for each opening. That's a slight improvement from June, when the ratio was 4.45. In a healthy economy, the ratio is closed t o 2 to 1. Total openings are about 1.1 million higher than they were in July 2009, one month after the recession officially ended. But they are still far below the 4.4 million openings that existed in December 2007, whent he recession began. The biggest gains in openings were reported in manufacturing, trade, transportation and utilities. The report, known as the Job Openings and Labor Turnover survey, or JOLTs, illustrates the high degree of churn that takes place in the job market each month. Total hiring in July slowed, to 3.98 million from 4.06 million. Total layoffs and quits also dropped to 3.92 million from 3.99 million. The difference between total hires and total quits and layoffs is similar to the net jobs gain of 85,000 reported for July. The economy isn't growing enough to spur much hiring. It expanded at an annual pace of only 0.7 percent in the first six months of this year, the slowest growth since the recession ended. Growth may improve to a 2 percent rate in the second half, economists forecast, but that's still too weak to encourage much hiring. BUSINESS T HE TRIBUNE THURSDAY, SEPTEMBER 8, 2011, PAGE 9B &20021:($/7+)+(%$+$0$6 ,1 7+((0(&2857 &RPPRQ/DZt(TXLW\'LYLVLRQ %(7:((1 6&27,$%$1.%$+$0$6f/,0,7(' 3ODLQWLII $1' ('((&%8552:6 'HIHQGDQW 72 ('((&%8552:6 7$.(7,&(WKDW $ 6XPPRQVDQG6XSSRUWLQJ$IGDYLERWK OHGRQWKH WK GDRI0DUKDYEHHQ LVVXHGDJDLQVW\RXLQWKH6XSUHPH&RXUWRI 7KH%DKDPDVEHLQJ$FWLRQ1R E6FRWLDEDQNDKDPDVf/LPLWHGWKH 3ODLQWLIIKHU 7KH+HDULQJGDWHRIWKH6XPPRQVKDVEHHQ DGMRXUQHGDQGLVQRZVHWWREHKHDURQ :HGQHVGD\ WKH WK GDRI 6HSWHPEHU DW RFORFNLQWKHIRUHQRRQ EHIRUWKH$FWLQJ$VVLVWDQW5HJLVWUDU &DPLOOH'DUYLOOH*RPHVZKRVHFKDPEHUVLV ORFDWHGRQWKH UG )ORRU$QVEDFKHU+RXVH(DVW 6WUHHW1RUWK1DVVDX%DKDPDV'HWDLOVRIWKH FODLPDUVHWRXWLQWKH$IGDYLRI.HOYLQ%ULJJV OHGRQWKH WK GD\RIDU
WASHINGTON Associated Press D ESPITE THE TURM OIL that shook the financial markets last month, the Federal Reserve says its 12 bank regions grew this summer because consumers spent more in many parts of the country. T he Fed said five of its regions reported modest or slight growth in late July and August. Those regions included St. Louis, Min-n eapolis, Kansas City, Dallas and San Francisco. T he seven other regions described growth as subdued, slow or sluggish. The survey, which was r eleased Wednesday, is known as the Beige Book and offers mostly anecdotali nformation about economic conditions around the country. It's findings were a slight improvement from the pre-v ious survey, which said growth had slowed in eight of the 12 regions in June ande arly July. Consumer spending increased in most regions f rom the previous survey. B ut the gains were mostly because of stronger auto s ales. Demand for products outside of autos was flat or fell in several regions during late July and August. Several districts said the volatile stock market ande conomic uncertainty led m any businesses to lower growth expectations for the near future. The Dow Jones industrial average lost 2,000 points, or roughly 16 percent, f rom July 22 through Aug. 1 0. Tone "Although far from upbeat, the overall tone from the anecdotal evidence ...w asn't all doom and gloom," said Jennifer Lee, seniore conomist at BMO Capital M arkets. T he regional outlook will h elp shape the discussion at the central bank's next meeti ng on Sept. 20-21. The economy barely grew in the first half of the year,a nd the government said last w eek that employers stopped adding jobs in August. Consumers and businesses a re feeling less confident a fter a turbulent summer. L awmakers fought over raisi ng the federal borrowing l imit, Standard & Poor's downgraded long-term U.S. debt, and stocks have fluctuated wildly after plunging in late-July and early August. Manufacturing slowed in m any parts of the country, i ncluding New York, Philadelphia and Richmond, the survey noted. Textile makers in Richmond said that their markets had grown w eaker because of declines i n consumer confidence. H ome sales slowed in many districts, although Boston, Atlanta, Minneapolis and Dallas said sales improved slightly comparedt o last summer's weak levels. Some economists say the F ed must take steps to help t he economy avoid another recession. On Aug. 9, the Federal R eserve said it planned to keep interest rates very low until at least mid-2013,a ssuming the economy r emained weak. Minutes from that meeting showed some Fed officials had p ushed for more aggressive steps. One possibility is the Fed c ould increase the percentage of long-term Treasury securities it keeps in its mix o f holdings. That approach would have the advantage of exerting downward pressure on long-term interest rates without adding to the Fed's already record-level of secu-r ities. S till, three regional bank presidents dissented from the Aug. 9 decision. They expressed concerns that the Fed's policies were cont ributing to higher inflation. Package T he worsening jobs outlook has also put pressure on President Barack Obama. He is expected on Thursday toi ntroduce a $300 billion jobs package before a joint ses-s ion of Congress. T he plan will likely include e xtensions of the payroll tax c ut and long-term unemployment benefits, tax incent ives for businesses that hire and money for public works projects. B ut the effort faces strong o pposition from congressional Republicans, who say that Obama's previous stimu lus program was a failure. T hey want deeper spending c uts to fight the government 's soaring budget deficits. BUSINESS PAGE 10B, THURSDAY, SEPTEMBER 8, 2011 THE TRIBUNE 5 2wk-Hi52wk-LowSecurit y P revious CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.95AML Foods Limited1.191.190.000.1550.0807.76.72% 10.639.05Bahamas Property Fund10.6310.630.00-0.6420.080-16.6 0.75% 7 .504.40Bank of Bahamas6.936.930.000.2300.10030.11.44% 0 .530.17Benchmark0.180.180.00-0.0480.000N/M0.00% 2 .842.55Bahamas Waste2.702.700.000.0300.09090.03.33% 1.961.77Fidelity Bank1.771.770.000.0970.04018.22.26% 11.108.29Cable Bahamas8.488.480.000.2450.31034.63.66% 2.802.35Colina Holdings2.552.550.000.4380.0405.81.57% 8 .508.33Commonwealth Brewery8.508.500.000.7400.00011.50.00% 7 .006.21Commonwealth Bank (S1 6.886.880.000.4960.26013.93.78% 2 .001.63Consolidated Water BDRs1.601.640.040.1110.04514.82.74% 1.771.31Doctor's Hospital1.371.370.000.0740.11018.58.03% 5.504.75Famguard5.435.430.000.4980.24010.94.42% 8.505.35Finco5.395.390.000.7570.0007.10.00% 9.747.75FirstCaribbean Bank8.298.290.000.4940.35016.84.22% 6 .005.00Focol (S 5.755.750.005000.4350.22013.23.83% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.305.50ICD Utilities7.307.300.00-0.1220.240-59.8 3.29% 10.809.80J. S. Johnson9.829.820.000.8800.64011.26.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00BISX LISTED & TRADED SECURITIES AS OF:7 % I nterest 1 9 October 2022 P rime + 1.75% P rime + 1.75% 6 .95%WEDNESDAY, 7 SEPTEMBER 2011BISX ALL SHARE INDEX: CLOSE 1,398.25| CHG 0.04 | %CHG 0.00 | YTD -101.26 | YTD % -6.75BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)M aturity 1 9 October 2017 W WW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-2320FINDEX: YEAR END 2008 -12.31%3 0 May 2013 2 0 November 2029 7 % RoyalFidelityMerchantBank&TrustLtd(Over-The-CounterSecurities) 2 9 May 2015 52wk-Hi52wk-LowSymbolBid $ A sk $Last PriceDaily Vol.EPS $Div $P/EYield 1 0.065.01Bahamas SupermarketsN/AN/A14.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.650.750.400.0290.00024.130.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.57791.4674CFAL Bond Fund1.5779263.39%5.87%1.548717 3.01602.9020CFAL MSI Preferred Fund3.02482.63%3.94%2.981382 1.61281.5289CFAL Money Market Fund1.61512.61%4.53%1.591803 2.86862.5730Royal Fidelity Bahamas G & I Fund2.5730-5.41%-9.79% 13.734713.2291Royal Fidelity Prime Income Fund13.73472.82%1.94% 114.128999.4177CFAL Global Bond Fund114.09222.35%13.88%114.128861 118.4255101.6693CFAL Global Equity Fund118.42552.30%8.26%116.580785 1.17491.0000FG Financial Preferred Income Fund1.17492.48%5.16% 1.13431.0000FG Financial Growth Fund1.13431.41%5.17% 1.17641.0000FG Financial Diversified Fund1.17642.38%5.39% 9.9952 9.5078Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.94330.98%4.58% 11.498510.5308Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.96520.78%5.70% 10.68139.4372Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.60135.75%13.20% 8.85647.8830Royal Fidelity Int'l Fund Equities Sub Fund8.65073.01%18.38% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/2007NAV Date 31-May-11 30-Jun-11BISX Listed Mutual Funds30-Jun-11 30-Jun-11 NAV 6MTH 1.535365 2.952663 1.580804 111.469744 115.762221TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-11 30-Jun-11 31-Jul-11 5-Aug-11 30-Jun-11MARKET TERMS30-Jun-11 31-Jul-11 RoyalFidelity Merchant Bank & Trust Ltd (Over-The-Counter Securities) CFAL Securities Ltd. (Over-The-Counter Securities)31-Jul-11 31-Jul-11 31-Jul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oyal Bank (Bahamas is presently considering applications for: Manager Card Services (Bahamas & Cayman) Bahamas Card CentreThe successful candidate should possess the following qualifications: AICB/ABIFS Diploma or a College Degree in Banking (or a related field) At least 5 or more years banking experience Knowledge of Card Services would be an asset Key Skills Required: Demonstrated leadership experience required (minimum 5 years in a senior position) Strong communication skills (verbal & written) Strong Listening, Understanding & Responding skills People M anagement Coaching Impact and Influence Project Management skills Microsoft Office skills (Word, Excel, Power Point) Responsibilities include: Responsible for the overall operations of the Bahamas/Cayman Card Centre Responsible for overall site implementation of Card Services strategies in support of Regional objectives Responsible for Scorecard Results for Card Services with particular emphasis on reducing NIE Responsible for identifying strategies for growing the credit card and merchant portfolio Responsible for strategies to enhance employee and customer care; optimize efficiencies and mitigate risk Liaising with Visa and MasterCard to ensure compliance to operating standards Responsible for building relationships with Service Partners and providing ongoing communication on activities that impact sales units Responsible for managing relationships with 3rd party vendors Responsible for working in partnership with International Systems on implementations and planned initiatives Providing leadership and coaching to Direct & Indirect Reports Overall responsible for UFC, AML, Privacy for Card Centres A competitive compensation package (base salary & bonus) will be commensurate with relevant experience and qualifications. Please apply by September 9, 2011 to: Assistant Manager, Recruitment & Employee Development Human Resources Bahamas Regional Office RBC Royal Bank (Bahamas) Limited P.O. Box N-7549 Nassau, N.P., Bahamas Via fax: (242 Via email: email@example.com www.rbcroyalbank.com/caribbean Registered trademark of Royal Bank of Canada. ,1',$1$*$5'(16&21'20,1,806 6LWXDWHDW/RWVt,QGLDQD/DQH &RQGRPLQLXPVLQDVHUHQHDUHDRYHUORRNLQJ 7KHHHI*ROI&RXUVH/XFD\D*UDQG%DKDPD &RQGRPLQLXPVEHLQJVROGDVLVDVIROORZV %HGURRPXQLWVDW ($&+ %HGURRPXQLWVDW 12($/7256,192/9(' ,QWHUHVWHGSDUWLHVSOHDVHFRQWDFW 7 3 (PDLODGGUHVVGDYLGSKDPLOWRQ#EDWHOQHWEV )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 )25 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ )25 )25 )25 )25 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ 6$ )25 )25 )25 )25 )25 )25 )25 )25 / ( FED SAYS 12 REGIONS GREW MODESTLY THIS SUMMER
SAN FRANCISCO Associated Press YAHOO'Sstock rose nearly 5 percent on Wednesday after the company fired its CEO following more than 2? years of financial lethargy. Tuesday's ouster came as investors were convinced that Carol Bartz couldn't steer the Internet company to a longpromised turnaround. To fill the void, Yahoo's board named Tim Morse, its chief financial officer, as interim CEO. Bartz, who became CEO in 2009, lured Morse away from computer chip maker Altera Corp. two years ago to help her cuts costs. Yahoo said it is looking for a permanent replacement. Yahoo Chairman Roy Bostock, also a target of shareholder frustration, informed Bartz about the move over the phone, according to an e-mail the outgoing CEO sent from her iPad that was obtained by the All Things D technology blog. The blog first reported Bartz's ouster. Yahoo didn't return requests for comment Tuesday and Wednesday. Bartz's rude dismissal "made you feel a little bit like you were watching some reality TV show," Forrester Research analyst Shar VanBoskirk said Wednesday. Macquarie Securities analyst Ben Schachter said the handling of Bartz's departure was unseemly and a sign of even more drama to come at Yahoo. In a research note late Tues day, Schachter predicted there will be a wide range of conjecture about Yahoo's future, with the most likely speculation centering on Yahoo as a takeover target during a vulnerable time. Alternatively, Yahoo could make a bold move itself by trying to buy the online video site Hulu.com, which is already talking to suitors, or trying to sell its43 percent stake in the Alibaba Group, one of China's most prized Internet companies. Bartz's tense relationship with Alibaba CEO Jack Ma had fed investor dissatisfaction about her leadership. Youssef Squali at Jefferies & Co. said that the Internet company's challenges, and the fact that Bartz was Yahoo's third CEO in four years, will make it tough for the board to find an "A player" for the job. Squali said Yahoo could be sold to a large media company like News Corp. or be bought by some sort of consortium that could feature Microsoft Corp. or AOL Inc. "In all, we believe that it is more likely that the board reach es an agreement to sell the company or parts of the company before a new CEO is found," Squali wrote Wednesday. In a statement Tuesday, Yahoo said it is undergoing a "comprehensive strategic review"in its latest effort to give investors a reason to buy its stock, but the company didn't offer details. Bartz, 63, led an austerity camp aign helped boost Yahoo's earnings, but the company didn't increase its revenue even as the Internet ad market grew at a rapid clip. The financial funk, along with recent setbacks in Yahoo's online search partnership with Microsoft Corp. and the Alibaba investm ent, proved to be Bartz's downfall. Her ouster comes with 16 months left on a four-year contract that she signed in January 2009. That contract entitles her to severance payments that could be two to three times her annual s alary and bonus, along with stock incentives she received dur ing her tenure. Bartz received a $2.2 million bonus to supplement her $1 million salary last year. Yahoo has now replaced three CEOs in a little over four years. During that time, Yahoo has lost ground in the Internet ad race to o nline search leader Google Inc. and Facebook even though its website remains among the world's most popular. Known for her no-nonsense leadership and sometimes gruff language, Bartz arrived at Yahoo as a respected Silicon Valley executive who had won praise for turning around business soft ware maker Autodesk Inc. But she had no previous experience in Internet advertising, the main way Yahoo makes money. T hat hole in her resume immediately raised questions whether she was qualified for the job, and those doubts only escalated as Yahoo's revenue continued to sag. At first, Bartz blamed bad timing; she started the job during some of the bleakest months of t he Great Recession. Later, she would say that she inherited such as mess from her two predecessors, Yahoo co-founder Jerry Yang and former movie studio boss Terry Semel, and that it would take time to get Yahoo back on the right track. A t one point, she even compared her challenge to those that faced Steve Jobs when he returned to Apple Inc. as CEO in 1997. Unlike Jobs, Bartz never was able to articulate a strategy to win over investors. "She focused on plugging holes i n the ship instead of turning it around," said Gartner Inc. ana lyst Ray Valdes. The disappointing performance was reflected in Yahoo's stock price, which closed Tuesday at $12.91. That's 81 cents, or 7 percent, higher than where Yahoo shares stood when Bartz was hired as CEO. During the same period, Google's stock price has risen by more than $200, or 66 percent, and the technology-driven Nasdaq composite index has climbed by 60 percent. A group of investors led by Goldman Sachs Group concluded privately held Facebook is worth $50 billion in an appraisal done earlier this year. That's triple Yahoo's current market value. Bartz never hit any of the price targets that the board set for her when she was hired. That means none of the 5 million stock options that she received upon signing her contract had vested by the time she was ushered out the door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leaves a Yahoo headquarters building in Sunnyvale, Calif. (AP
A fter many threats of tr opical s t o r m s a nd d ep r e s s i o n s Hur ricane Irene raised her ugly head and unleashed her bitter wrath on the archipelagic isles of the Bahamas. The warnings were br oadcast over the airwaves as Bahamians waited with bated breath to see what would happen, what i s l an d s w ou l d l i e in t he p a t hw ay o f Hurricane Irene and who would receive catastrophic damage. In Long Island, countless fishermen moored the crawfish vessels and secured their dwellings so as to not draw swords with the fury of Irene. As the hurricane made a trajectory for L o n g I s l a n d m a ny A n gl i ca ns p r a y ed earnestly that the hurricane would leave all 12 churches in good order But as the wi n d s b l ew t h at T u es d a y af t e r n o o n many were frightened of the wind veloci ty as it howled like a wolf deprived of her cu b s H u r r i ca n e I r e n e un l e as h e d i t s assault on Clarence T own. At the gover nment dock, waves billowed 12 feet in the air Residents locked in their respective homes or bunkered down in hur ricane s he lt e r s co u ld he ar win d ows r a tt l in g, doors shaking and shingles been torn of f of roof tops. After the first traumatic lull in the hur ricane, Fr Jonathan Ar cher ventured out side of r ectory only to discover that the 150 MPH winds had demolished the r oof of the historic St Paul' s Chur ch. Members who live in close proximity to the church r ushed to salvage valuable church ar ti facts and fur nitur e. This was the first sign of what was to come throughout the island as Ir ene eased her way through the central par t of Long Island. T r ees wer e toppled, farm lands devastated and utili ty poles uprooted. The sea waters rose an d t h r ea t en ed t o f l o od h o me s n e ar coastal low lying areas. In the Nor t h e r n T ownship of L ong Island many homes in Burnt Ground were flooded. This settlement received some 5 feet of water which made it near RELIGIOUS NEWS, STORIES AND CHURCH EVENTS R E L I G I O N S E C T I O N C THURSDA Y SEPTEMBER 8, 2011 T H E T R I B U N E S L ON G I SL AND CH U R CH ES T O M AKE REP A IRS AFTER H U RRIC AN E I REN E SEE page 40 HURRICANE Irene left a trail of destruction in Long Island.
By JEFF ARAH GIBSON T ribune Features Writer AS m uch as pare nts think th ey k now a bo u t p ar e nt in g t h er e i s mu ch mo r e know ledge to be ac quired and Pastor Dav e Bu r row s h opes he c an provi de them wit h an opp ortunity to exp and thei r ex isting know le dge of p ar e n t h o o d Dr Bur r o ws who s e met ho ds an d d o w n t o e a r th ap proac h ha ve earne d him the nic knam e "The Ruf fnec k Pastor" is hostin g a w orkshop th is S aturda y to he lp p a r e nts rai s i ng teen age rs S peak ing wit h T r ib une Religi on he ex pla ined tha t a t th e w orkshop pa r e n t s c an e xpe ct to gai n informa tion o n how to be tter u nderstan d the ir te ena ge r s, disc ipli ne me thods tha t wo r k w ays to m otiva te a nd inspi r e thei r k ids, an d how to de al with tee nag ers w ho a re tr o u b l e d "B asic ally the re a r e a lot o f pr o b l e m s The T ribune PG 38 Thursday September 8, 201 1 RELIGION TH E R UF FNE C K P AS T OR' H OL DS WORK SH OP T O HELP P A RENT S DEAL W ITH T HEI R TEEN A GE RS with the fa mily toda y I ha ve b een doing a numbe r of pare nting w orkshops to h elp p a r en ts ge t a n un derstand ing of how to dea l w ith th eir te ens, he sai d. One of the key fac tors in de alin g w ith teen age rs is kno win g how to talk to the m. "W he n it to c ome s to te ena ge r s you hav e to know how a nd be ab le to co mmunic ate wi th th em. C ommun ica tion at that age is v ery dif f e r e nt," he said Dr B urrows sa id be ca use tim es ha ve s i gnifi ca ntly c ha nge d and te ens are n ow m o r e e xpo s e d to th e a dult w orld t han b e f o r e pa rents m ust be abl e to adj ust. T e ens a r e ge nera lly adv anc ed i n tec hn o l o g y but they a r e i n m oral r e t r ea t. T h ey a r e lac kin g i n m oral cl arity Now a day s kids a r e more ex posed Thing s tha t we a s adul ts a r e exp osed to, ki ds a re ex posed to at age 1 0 or 1 1, all be ca use of t he adv anc em en t of te chn ol ogy P ar ent s mu st be equi pped to dea l w ith tee nag ers in thi s i n f o r ma tion age Y ou must g ive the m the c orr e c t inform at i on I t m us t b e accu r at e as wel l b e cause kids are going t o loo k th ose thing s up. So pa r e nts m ust be o n th e sa me l ev el as th ei r k id s ," h e t ol d T r i b u n e R e l i g i o n Dr B urrows e nco urage s all pa rents to com e ou t to th e w orkshop so the y c an be enli ghte ned" "The ave rage pare nt c an be nef it wi th no t only theo r e tic al i nforma tion bu t wi th pra ctic al inf ormatio n a s w ell. Ho peful ly it c an inc r e ase the l eve l of unde r sta nding be twe en p arents a nd the ir tee ns. Pa r e n t s ne ed info r m ation to be suc c essful bec au s e ou r paren ts we re u nder -skil led, he sa id Dr B urr o ws is c urrentl y th e y outh p astor of the T otal Y o uth Chu r c h an d p r e s i de nt of Y outh Alive Ministrie s, a s u bs i d i a r y o f B aha ma s Fa it h M i n is t r i es I n t e r na ti o na l h ea de d b y Dr M y le s M u n r oe Throu gh t he y ea r s Dr B urr o w s ha s w orked to re volu tionise yo uth m ini s t r y in the B ah ama s an d m any a reas of the w orld throug h a varie ty of unc onve ntio nal prog ramm es that ha ve i mpac te d, g ang s drug u s e rs trouble d y outh a s we ll a s eve ryda y y oung pe ople Dr B u rro w s a lso ha s a f a mi l y m in is try H e a nd hi s w i fe A ng e l a ha v e se rv e d a s c o un se l lo rs to s in g le s c o nt em p la ti n g m a rri a g e, m a rri e d p e rso ns se e ki n g r e l a t i o n s h i p c o un se l li ng a nd to pa re n ts w a n ti ng a dv i c e Th e y h av e a l so m e di a te d m an y se ss io ns fo r p a r e nt s an d t e en s, he l pi ng to re so lv e c on flicts and bring clarity and r e s o l u t i o n The one -day wo r k s h op w ill be h eld this S a t u r d a y sta rting a t 1 0a m at the Di ploma t C e n t re P ASTOR Dave Burrows is hosting a workshop this Saturday to help parents raising teenagers. L Y N T O
MANSFIELD, Ohio Associated Press AN OHIO atheist group says it has been commended by some people for a billboar d put up by a chur ch's pastor The road sign in Mansfield features the statement "There is no God" in c a p it al le tt e r s B el o w th a t, it s ay s "Don't believe everything you hear ." P as t o r F r an k M o o r e o f M c E lr o y R o a d C h u r c h o f C h r is t t e lls th e M a n s f ie ld N e w s J o u r n a l (http://bit.ly/nYOUeX) he wanted to honour God with an ad that would get people thinking. He says he remem bered how his parents always advised him not to believe everything people told him. T h e M a n s f ie ld b as e d M i d O h io Atheists says it has been contacted and c o ng r atu la ted b y p eo p le in c o r r e c t l y thinking it put up the billboard. The group says it wants to thank the church for as the atheists say "advertising our thoughts." The T ribune Thursday September 8, 201 1 PG 39 RELIGION AFTER 20 years of employment in G r a n d B a h am a s p r iv a te s ec to r L ynden James Douglas answered the call of God to serve, and resigned from h i s ma n a ge m en t p o s it io n a t B et c o Limited to begin pr eparing himself to become an Anglican Priest. On T uesday September 13 on the F ea s t o f S t C y p r ia n o f C ar t h a g e Bishop and Martyr at 7pm, at The Church of the Good Shepherd, Grand Bahama, he will be ordained to the Holy Order of Deacons by the Right Reverend Laish Z Boyd Sr ., Bishop of the Diocese of The Bahamas and The T urks & Caicos Islands. The Rever end Er ma Ambr ose, Rector of The Church of the Good Shepherd, will pr each the ser mon. Douglas is a Grand Bahama native, having been bor n in W est End to Leo and Rita Douglas. He attended the Hawksbill Primary School, and gradu ated from the Hawksbill High School in 1986. He completed bible studies at Access Bible College, Grand Bahama, in 2000. In May 2011 he graduated from Codrington College, Barbados, with a Diploma in Pastoral Studies, and a Bachelor of Arts degree, in Theology from the University of the W est Indies, Barbados in May 2011. Although he spent some of his adult life in other denominations, Douglas was born into the Anglican Church, a n d wa s b ap t is ed at S t M a r y M a g da le n e, W es t E n d b y t h e l at e Bishop Michael Eldon. Douglas said t h a t h e r e t u r n e d t o t h e A n g lic an Church in 1992 upon an invitation from a neighbour and since then he has been actively involved in the Chur ch, assist ing in Y outh Ministr y H e s e r ve d a s a S u n d ay S c h o o l teacher and as Y outh Advisor to the Christian Y outh Movement (CYM) at The Church of The Good Shepherd. He credits Canon Har r y W ard and The R e v e r en d Ambros e for his s pirit u al walk, and is also thankful for the sup p o r t o f h i s p ar e n t s h is s ib li n gs C a r r o n Ge n et h a R a c h e l, S h e r is s e and his daughter Janae. He enjoys outdoor spor ts, fishing, traveling and junkanoo. Mr Douglas is cur r ently serves at St M a t t h e w s An g l ic a n C h u r c h N e w Providence. L Y ND E N JA M ES D O UGL AS T O BE O RD A INE D DEA C ON A THEIS T S S A Y THEY GET KUDOS FOR C H U R CH B ILLB O A R D L ynden James Douglas
impossible to traverse for motor vehicles. In the wake of this flooding, Pastor Allan Dixon, Pastor of the Highway Church of God, Doctors Creek said this is the four th time this natural disaster has taken place and affected him but added that "In all things, he gives thanks to Almighty God". His r ebuilding initiative will take on the opposite side of the r oad which is on a ridge. In terms of the Anglican Churches in Nor th Long Island, Fr Chester Burton deter mined that the damage was minimal at St Mary Magdalene in Glinton' s and St Peter s in Simms both r eceived minor shingles damage. However Holy Savior in Millerton received the br unt of the d am a ge a n d A r ch d ea co n K e it h Cartwright, Fr Colin Saunders, Diocesan Ar chitect and Carlton Blair Structural Engineer determined that it was unfit for corporate Sunday worship. St Christopher s Church and Rector y did not receive any structural damage. U n f o r t u na t e ly H ur r i can e I r e n e destroyed roof tops of many houses and demolished a bridge that takes residents t o th e go v er n m e nt d o ck wh i ch al s o r eceived damage. It is in need of r epair as this is the only facility to which freight could be received on the island. During the Sunday morning worship Fr Burton encouraged and motivated members to r ebuild by the grace of God and help Rum Cayians who are in need. He also sang a song as a source of inspiration I need you, you need me after which he gave out school exercise books to the stu dents and told them to keep focused, learn all they can, have good manners and to put God first in all things in order t o h av e a s u cc es s f u l s ch oo l y e ar T h a n k f u l y R u m Cay All Age School r eceived no str uctural damage. F OR TO O lo ng fam ily me mb er s have been thought of by the church as potential individual recruits. V ery little thought has been given to evangelizing or nurturing the family as a unit. The emphasis has been upon the individual. The approach overlooks the fact that the primar y instr uction and strength for the Christian life stems not from the church but from the family A survey taken of the Sunday School pupils in a lar ge chur ch revealed that n ot one c hi ld fro m an u nch ur c h e d home" lasted through the entire series of the departmental programmes from the primary to youth. Somewhere along the way every one of these childr en became Sunday School dropouts. Such a star tling statistic strongly emphasised t h e o v e r w h el mi n g in f lu e n c e o f t h e home. If the church is to disciple the individual family member it must do everything possible to christianise the family as a whole. There are many ways in which the churches of our nation can incorporate a focus on the family unit into its pr og ram mes an d ac t ivities Th e imp or tance of "togetherness" of the family is much better demonstrated than ver balised. The practice of a pastor in meeting the needs of his own family speaks much more loudly than any seminar on the subject. Here are some ways that family units can be stressed by practical demonstra tion in our churches: A) Encourage families periodically to sit together during worship services. B ) In vite lad ies to atte nd s pe cia l men's meetings and vice-versa. C)Allow wives or husbands of boar d members to attend certain boar d meetings or functions. D) Sponsor a "family of the month". E)Sponsor periodic family retreats or camps. F) Promote an annual "family week" to focus on the importance of the home. G) Plan recreational and social activ ities in which the family can participate together R ememb er that the f amily is o ur greatest asset, let us guard it carefully The T ribune PG 40 Thursday September 8, 201 1 RELIGION EMP HASIS ON THE F AMIL Y UNIT BISHOP V G CLARKE "SI NGLE & T aking Au t ho rity D a r e T o T ak e C h arge Of Y o ur Dest i n y!" is t he the m e fo r th e 5 th A n nua l C o n f e r ence b e in g held b y t he S i n gle s M i n i s t r y of Ba h amas Fait h M inist ries, in p a r tn e rs hi p w i th My l e s Munr o e I n t e r n ation al. Th e c on feren ce will b e held Sept emb ze r 11-13 at th e Dip l o mat C e n t r e an d t he Brit ish Co lon i al Hilt on Hot el. Th e t ext f or th e con fer e n ce is: "I can d o a l l th i ng s thr oug h C hr i st w ho e m po w ers me" Phil. 4:13 Gu est sp e ak e r s in cl u de BFM S e n ior P a s t o r Dr M y les M un roe, Dr W a n d a D av is T u rn e r from C a li f orni a, Le on W i lliams, co ns ult a n t an d f or mer CE O B TC and Sh erika Bro w n Ir on Net w o rk Th e gu est a r tis t is S un ae Ru ssell and facilitat or s will b e Ch e r ryle e Pind er C P C o ns ult ing and Gand hi Pind er Gems R a d i o T opi c s i nc l ude : S i ng l e & T a k i n g A ut hor i ty " Re l a t i ona l P ow e r B u ilding S uccess fu l Bu siness an d So cial Net w o rk s/B r and i n g Y ou rs e lf ", Leadin g Y ou rs e lf An E p ic Jo ur ney" (m a n ag in g c a r ee r r isks cr isis, movin g up a n d sh ut tin g d own ), "Sex T r aps Th at Dest r o y Y ou r D e s tin y ", "Dare T o T a k e C h ar g e Of Y ou r Dest iny"! C l a ud in e Fa r quh a rs on, c onf e r e n c e ho st is very excit e d abo ut t his eve n t and e xp la in ed t hat t he p ur po se o f th e con f e r en ce is t o enco ur ag e, mo tivate and e m po w er s i n gle s in t h e ir s pirit ual, pro fess ion a l and soc i al liv es. S he said t hat th e cur rent challenges and co nd i t ion s in t he w orl d to da y ha v e pr o f o u n d l y impact e d t he live s of man y inc l u din g th e sin gl e in dividu a l, res ult i n g in n e gat i ve, and so metimes dire co ns e q uen ces: los s o f job s, h om e s f inan cia l insecu rit y lon e liness un cert ai n ty ab ou t th e fu tu re. All t hese t hin gs and mo re h av e c a u sed many t o beco me d isco uraged and t o giv e in to d e s pair and ho pelessn ess, Ove r th e th ree day e ven t p a r t i c i p a n t s wil l h ear mess a ges an d t estim on i es i n w o r d, so ng an d d a n ce th at will e n co urage insp ire and mo tivate th e m t o t ake an h on est assess ment of t heir p r e s e n t st ate and t hen t ake aut ho rit a t ive d e cisio ns an d act i o n s to pr op e l t heir live s i n a n e w d irect i o n, to a n e w s e as on of ch a n ge, a new s e n se of d irect ion and p u r p o s e Sh e also no ted t h a t t he firs t s e s sion wil l b e h el d 9 .30 am a t th e D i p lom a t C e n t r e on S un day Sept ember 1 1, a d ate t hat m a r ks o ne of th e m ost mo ment ou s and tr a gic ev en ts in living memor y t he t e r ro rist a t t a ck s in t he Un ited S tat es, exa ct ly on e decade ago. At t hat fir st sessio n D r M un roe will be t he sp eaker an d h e has a message fo r all who will at t e n d: T ake Aut ho rit y T a k e C h a r ge (o f you r life) The B est Is Y e t T o C o me! Wh at a co n tr as t t o t h e h o rr e n d o u s mes sage deliver ed by t h e t err o ris ts t o th e wo rld t en year s ago ; c ert ain ly in Ch r ist out of dis a ppoi ntme nt, tra g e dy an d d eat h c om es a bles s ed an d f u lfil led l ife. Perso ns can regi s ter by co nt act i n g t he BFM Of f i c e or lo g ging on t o t he websit e: www .bf mmm.co m. Al l eve n ing sessio ns a r e f r e e C o me an d t a k e t h e f i r st s tep in a new d i re c t i o n S ING LES' MINIS TR Y HO S T S 5 TH ANNUAL C ONFER ENC E FROM page 37 L O NG I S L A ND C H U R CHES TO MAKE R EP AIRS AFT E R HU RRIC A NE IRENE
THETRIBUNE SECTIONE THURSDAY, SEPTEMBER 8, 2011 $JHQWVt%URNHUVf/WG0$56+&RUUHVSRQGHQW INSIDE TRAK T T U U R R N N T T O O 2 2 E E . . . T T U U R R N N T T O O 4 4 E E . . . T T U U R R N N T T O O 5 5 E E . . . ORIOLES OUTLAST YANKEES STARTANDSTOP DAY MARS THE US OPEN P ACKERS VS. SAINTS SETS THE STAGE FOR MINI SUPER BOWL EUROBASKET : GASOL BROTHERS LEAD SP AIN PAST GERMANY T T U U R R N N T T O O 7 7 E E . B y RENALDO DORSETT S ports Reporter r firstname.lastname@example.org T heir career path has been intertwined for years thus far and the countries leading ama t eur boxers look to add another milestone together, a berth in the 2012 London Olympics. V alentino Knowles and Carl Hield begin their trek toward Olympic qualification with theA IBA World Boxing Champio nships in Baku, Azerbaijan, Sep tember 22 to October 9. However, the team is expected to l eave the Bahamas on September 9 to attend a pre-training camp in Azerbaijan. N ational team head coach Andre Seymour said both fighters have already received a top honour simply by being invited to the training c amp geared for elite fighters. "It is great to see that once again these guys will have a chance to c ompete at the World Champi onships. It is also great to see that both of our boxers are internationally ranked. Both of them are well o n the path to qualifying for the Olympics. They must qualify in the top 10 and we will be ready," hes aid. "Both of these guys are ready to go and come back with medals and we will be ready, its very important. The training AIBA is doing right now is for the elite boxers that they are dealing with so both of these boxers will be training with the elite boxers throughout the world, so they must be ready." Knowles is ranked 25th in the AIBA World Rankings in the 64kg weight class. He finished 26th at the last AIBA World Championships in 2009 and fourth at the 2010 AMBC Championships last year. Knowles earned a berth to the upcoming 16th Pan Am Games by virtue of his performance at the AMBC in Jalisco, Mexico, in July. "I want to give thanks to God for having me here and getting me to this point. I'm not going to boast and brag about my talent, but I just want to give thanks to all the people that supported me to this point, getting me here, getting me ready for this tournament. That includes everyone, even down to the Bahamian people sending words of inspira tions when I'm running in the streets. I just want to give thanks," he said. "My goal here is to go to these games, because I'm not a rookie to this. Im a veteran now, getting ready to qualify to the coming Olympics, finish in the top 10, qualify and hopefully come back with a medal." Hield is ranked 37th in the AIBA rankings in the 69kg category. He finished 40th at the 2009 AIBA Championships in 2009 and fifth at last year's AMBC Championships. "This is my fourth world championship appearance. At the last world championships, I showed a very impressive improvement and lost to the hometown favourite," Hield said. "Now, this time, I'm on a path to qualify for the 2012 London Olympics and make my country proud." Both fighters have been training in Cuba since their historic double medal performances at the 2010 Commonwealth Games. But, for the last few weeks, they have been con ducting their training at home. "My training has been on a good level right now. I was here for about a week or two training because of a closure at the school in Cuba where we train. We are up every morning on the road, in the gym in the afternoon. We don't have much fighters here in the Bahamas so we were lacking a little bit, but going to the camp and being able to touch gloves with some of the fighters there should be a good benefit," Knowles said. "My conditioning is about 90 per cent there. My physical work is good, I just need to get some more glove work with the guys from other countries at the camp and then I should be ready," Hield added. Local boxing icon Boston Black ie Miller said both fighters have made tremendous strides and he expects them to continue the rich boxing history of the country at the international level. "I am happy to see that these boys are going to such a high standard of competition and have been doing so well to this point," he said. "I expect for them to perform up to the stan dard that they can make the Olympics. When you are on the Olympic level, you have to be extremely good." Dynamic boxing duo on Olympic-qualifying trek A TEAM of four top Bahamian junior tennis players are scheduled to travel to Toronto, Canada, this weekend to compete in the IC North American 16-andUnder Junior Challengea gainst the US, Canada and Mexico. They will compete for a place in the world finals, set for next January in Australia. The four juniors selected to r epresent the Bahamas are Kevin Major Jr, winner of J ITIC (the Caribbean and C entral American junior championship) and Simone Pratt, currently ranked No. 207 in the World Junior Girls 18-and-Under rankings although she is only 15 years old. A lso on the team are Christian Cargill and Danielle Thompson, winners of the Bahamas 16-and-Under National Tennis Championships. T he event, which takes place at The Toronto Lawn T ennis Club, is put on by the 46 International Clubs (ICs o f the world which consist primarily of players who have p layed for their country or w on national titles. Among its members are our very own Bahamian tennis ace Mark Knowles, Roger Federer, Rafael Nadal and numerous other famous players. T he Bahamian IC Club sponsors the juniors. Traveling with the team as captain/manager is Bahamas IC president Kit Spencer. This is the strongest team we have e ver had in this bi-annual competition and, although we a re probably the smallest n ation to compete in this international event, I believe we have a group of outstanding juniors on our team. It will be a tremendous experience for them playing against major nations such ast he US, Canada and Mexico. The motto of the IC organisations is hands across the net, friendship across the ocean, and as well as an outstanding tennis experience, w e hope to help instill some of this attitude into the juniors o n our team, he said. TOP JUNIORS TO COMPETE FOR SPOT IN THE WORLD FINALS ALL SET: Kit Spencer ( left) Danielle Thompson and Kevin Major Jr. V alentino Knowles and Carl Hield invited to special training camp for elite boxers VALENTINO KNOWLES C ARL HIELD s hows off the bronze medal he won at the XIX Commonwealth Games in New Delhi, India, last year.